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July
27, 2004
Headlines---
Classified
Ads—Asset Management
Wake
Up! Discounters!!! Banks!!!
Investors!!!
Deadline
This Friday--Lessors Fall Showcase
PFSC
Assets under Management Exceed $10 Billion
Marlin
Quarterly Vendor Activity Survey Results
######## surrounding the article denotes it is a “press
release”
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|
Your
One stop solution for training and reference material for the
Leasing Professional
www.theleasinglibrary.com |
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Printing
Leasing News
A few readers still
like the text format, as they say they can’t read the web edition on
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---------------------------------------------------------------
Classified
Ads—Asset Management
“I have recently found
a job and would very much appreciate it if you would delete my ad.
“Suggestions for job hunters?
I strongly encourage applicants to differentiate themselves by doing
something different. I took chocolate chip cookies to some of
my interviews; those seemed to go better! Also, I have always
been an advocate of the assumptive close; tell them about the business
you will be bringing and when.
“You have provided me with
a great resource and I appreciate that.”
Best
regards,
Bill
Schulte
Asset
Management
Asset Management: Austin, TX. 20+ years exper. lease/finance. P & L responsibility, strong credit & collection management, re- marketing& accounting. Computers, construction, auto & transportation. Both commercial/ consumer portfolios.
Email:
kmalone@austin.rr.com
Asset
Management: Bloomfield Township, MI.
15+
yrs experience asset management and credit analyst.
Leadership
and training skills. Audited returns, max residual, lease end
and
resale negotiator.
E-mail:
cmcozzolino@msn.com
Asset Management: Chicago, IL. MBA, 15+ years exp. Long history of success in maximizing residual position through outstanding negotiation skills & lease contract management. Third party re-marketing, forecasting etc...
Email:
jgambla@aol.com
Asset
Management: Oxnard-Hollywood Beach, CA.
19
Years w/Equity Analysis/Placement and Residual Forecasting of Computer
Assets. Portfolio Manager for Two Major Lessors and Strong Analyst Background
w/Leading Information Services Firm.
Email:
GregoryMLorenz@aol.com
Asset
Management: Princeton, NJ.
Asset
management/credit/collection
20+
years experience in equipment financing. Last five years in Asset Management
including remarketing, end of lease negotiations, equipment and market
evaluations E-mail: bgaffrey@earthlink.net
Full list of all classified “Job Wanted”
ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
Economic
Events This Week
Today
July
27
Housing
Construction: June
Thursday
July
29
Leading
Indicators: June
Weekly
Jobless Claims
---------------------------------------------------------------
|
|
Wake
Up! Discounters!!! Banks!!!
Investors!!!
by
Christopher Menkin
Leasing
News has been writing about the potential “jury pool”
for
NorVergence customers who leased their equipment. The Telecom Agent
Association have started a “legal co-op” and the various state
governments
and the federal government are also getting involved.
Their
goal is outspoken: breaking the distance of responsibility
of
equipment and its financing.
The
theme is the leasing company’s have responsibility in accepting both
seller of equipment and its use, not just the credit or financial
strength
of the lessee (debtor). This fundamental breach of capital leases (
not “maintenance leases”) will have repercussions for years to come.
Perhaps
as many as thirty leasing companies, not including many
independent
banks, are involved. The money
will be much more
than
Leasecomm lost in its suit regarding small ATM leasing contracts.
It
will be a bigger scandal than OPM Leasing ( “Other People’s Money.”)
A class action suit will be a “donnybrook” with each attorney representing
their “circumstance.”
Reporters
have been calling since NorVergence could not make
payroll
( according to many employees, checks issued to them
are
still “insufficient funds.”) Originally,
the estimate was $3
million
in debt, then the telephone companies said, “ No, it was $30
million
that was owed, so the filing went form #11 to #7
as
everyone knew NorVergence could not even make payroll.
The
question asked was what did Leasing News think was involved.
From
the very beginning, considering there were as many 7,000 lease contract
written (they had 11,000 customers, they said in
advertisements,)
my guess was “at least $100 million.”
Reporters
were
astonished. Today attorneys believe this will grow into a $200 to $250
million scandal.
In
the past, small dollar equipment leasing contracts, meaning under $50,000,
and especially under $25,000 were too costly for the average lessee
to engage in a legal battle. Leasing companies would settle,
write-off,
or get simple judgments. In
today’s instant internet communication, listserves, bogs, web sites,
it is very easy for groups to get together and pool their information
and resources. In this specific case, we have a non-profit
organization that has organized a “legal co-op.”
This
is very serious to the leasing industry.
What is being said
on
the internet sites are from people who most likely will either
be
or the jury pool, or their friends or relatives and at worse
is
their “point of view.”
Here
are some of the comments
”
They (this leasing company)
partnered with a Company Norvergence) to provide a product, and on-going
service. In the case of a small business it is a struggle just to keep
the store open-- let alone being an expert on all of the peripheral
services you depend on! Explaining that the customer should have a
-"Done their telecommunications Homework"- before they sign
a lease for that service doesn't wash with me. You should be able to
trust someone...you would think. I would think that with the numbers
we had here, maybe the leasing companies should have done some homework. Why should the leasing business be bullet proof
and risk free?”
“Let’s let a jury
decide if the leasing company had responsibility
as ‘lessor’.”
“Let them end up
with the same fate that YOU have deemed appropriate
for many of these small businesses - financial hardship... Lets have a few leasing companies go out of
business, then maybe the industry
will be a bit more ethical in who they enter
into dealings with.”
“Hopefully, members of the bench (legal that is) agree
with me.”
and from Leasing News readers:
“As a lease professional
I certainly understand that the lessor is in no way responsible for
the equipment performance, and the lessee acknowledges that in the docs. But as a consumer, you would a company that
is effectively "endorsing" the product by providing a private
label program or discounting relationship to have some confidence in
the vendors ability to perform.
“ If the lessee secured
its own unrelated financing it would be a different story, the lessor
could pull the 'buyer beware' card, but since the lessor was working
in concert with the vendor - that is going to be tough.
The lessors are going to have a tough time making the case that
they never complete due diligence on the vendors they discount from
because they are not dependent on the equipments performance.
The lessees bought a 'telecom solution', part of that solution
was financing offered by NorV on NorV docs.
Their claim will be that they believed that if the company failed
there would be no more service - but also no more payments, regardless
of what the docs say. For all
we know NorV salespeople might have been telling them that.....”
There are over 10,000
companies involved. Even if
only 10% get
together, monetarily
and politically, they will be a force to be reckoned
with.
http://www.leasingnews.org/#norv
------------------------------------------------------------
Deadline
This Friday--Lessors Fall Showcase
The Lessors Network
Fall Showcase...
National Lease Funding
Source Showcase
Ritz-Carlton | Atlanta,
GA | August 25-26
Attendee Registration
- $750 | Registration Lottery - $200 | Hotel - $170
Open for bankers,
brokers, discounters, lessors
Showcasing...
Banc One Leasing
Corporation | Bank of America Leasing... | Burr Wolff | Capital Data,
Incorporated | Caterpillar Financial... | CIT Technology Fin... | Republic
Financial Corp | Russell Equipment Co., Inc. | SunTrust Leasing Corporation
| Vision Financial Group,Inc. | De Lage Landen Financial Services |
Douglas-Guardian Services Corp. | eLease | First Prime Capital, LLC
| Fitch Ratings | Fortran Group International, Inc. | GE Commercial
Finance | GlobalTech Portfolio Services | IKON Office Solutions | International
Decision Systems | Marshall & Stevens Inc. | Mayer, Brown, Rowe
& Maw LLP | Midwest Equipment | Oracle Corporation | ORIX Public
Finance | RBS Lombard, Inc, | SG Americas Securities, LLC | Sullivan
& Worcester LLP | Valuation Research Corporation | Wells Fargo Financial
Resources | Wells Fargo Financial Preferred Capital | and more...
About the Event
http://www.lessors.com/events.html
About the Registration
sliding cost program
http://www.lessors.com/Events-2004/Fall/register.html
Classified Ads---Help Wanted
Account Executive / Small ticket leasing account reps
|
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)
|
|
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. |
Credit-Funding-Operations
|
Credit Analyst: Seeking an energetic and organized Credit Analyst. At least one to two years of experience as a Credit Analyst in financial services (banking, insurance, leasing, or mortgage) is required. Funding Manager: Seeking a very organized, detail oriented Funding Manager. Minimum two years experience in brokering and discounting commercial equipment transactions is required. Operations Manager: Seeking an experienced Operations Manager with knowledge of all sides of operations. Must have a minimum of five years related experience. Send
email or fax to Ryan Johnson, Corporate Recruiter. |
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 |
Senior Contract Specialist
|
|
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 |
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###
Press Release #####################
Portfolio
Financial Servicing Company (PFSC)
Assets under Management
Exceed $10 Billion
Portfolio Financial
Servicing Company (PFSC) announced the value of portfolio assets under
management have exceeded $10 billion.
Jerry Hudspeth, PFSC’s
President and Chief Executive Officer commented: “This growth is, in
part, attributed to PFSC’s ability to consistently meet the diverse
needs of our clients and the high standards of the structured finance
market. In addition, the introduction of PFSC’s new backup and successor
servicing product, BackupPlus, has become the industry standard for
backup servicing.”
PFSC has also recently
introduced state-of-the-art products for the complete servicing and
management of Captive Finance Programs, Net Receivables Servicing, and
Collateralized Debt Obligations (CDO’s).
Mr. Hudspeth added
“PFSC strives for continuous improvement and will work with the rating
agencies, monoline insurers and lenders to establish the highest standards
for the management, oversight and servicing of portfolios”.
About PFSC
PFSC is the largest
independent commercial lease, loan, and receivables servicing company
in the U.S. and is headquartered in Portland, Oregon.
PFSC provides primary/master servicing, backup/successor servicing,
and consulting for lease, loan, and structured finance portfolios. More information about PFSC can be found at
www.pfsc.com.
PFSC - Eric Gross:
(503) 721-3226 egross@pfsc.com
### Press Release
###################
|
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 |
Marlin
Announces Results of Quarterly Vendor Activity Survey
MOUNT LAUREL, N.J--Marlin
Business Services Corp., through its subsidiary Marlin Leasing Corporation,
announced today the results of their Quarterly Vendor Activity (QVA)
Survey, detailing equipment vendors' current and expected sales activity.
"Although less optimistic than the first quarter's report,
the second quarter QVA results reflect a positive environment for equipment
sales," said Gary Shivers, President of Marlin. "The majority
of responses we received from our nationwide equipment vendors indicate
a strong demand for equipment which underscores positive news for economic
growth."
A few highlights:
-- During the past 90 days,
56.0% of the respondents said that
their company's sales volume was higher than the same period
last year.
-- 38.5% of all respondents characterized the current business
environment as "Strong"
while only 10.1% characterized it as "Poor."
-- Over the next 90 days, 77.2% of all respondents expect sales
volume to be higher
than the current level.
-- QVA responses show a slight increase in the number of negative
answers during the
second quarter.
About the Quarterly Vendor Activity Survey:
Marlin publishes QVA four times each year for its business partners.
Responses sample the sentiment of more than 4,000 vendors who received
questionnaires. Data for this second quarter report were collected during
the period from May 15, 2004 to June 10, 2004. For additional information,
visit our web site at www.marlinleasing.com.
About Marlin Business Services Corp.:
Marlin Business Services Corp. (NASDAQ:MRLN), through its subsidiary Marlin Leasing Corporation, is a nationwide provider of quality leasing programs to equipment vendors and their customers. Marlin's unique origination platform provides service to over 69,000 customers from its regional offices in Denver, Atlanta, Chicago, Philadelphia and Mount Laurel, New Jersey. For more information, contact Marlin at 1-800-479-9111 or visit their web site at
CONTACT:Marlin Leasing
Corporation, Mount Laurel Deborah Affonsa, 800-479-9111, ext. 6155 daffonsa@marlinleasing.com
### Press Release#####################
News
Briefs---
Sales
of existing homes hit all-time high in June
http://www.signonsandiego.com/news/business/20040726-1443-economy.html
San
Diego median home price: $580,670/Top
Ten In California
http://www.signonsandiego.com/news/business/20040726-1357-homeprices.html
Venture Capital Investments
Increase
http://www.washingtonpost.com/wp-dyn/articles/A17016-2004Jul27.html
American Express
Profit Rises on Card Use
http://www.washingtonpost.com/wp-dyn/articles/A16083-2004Jul26.html
BellSouth Realignment
Continues, Adds 120,000 DSL Users
http://www.internetnews.com/bus-news/article.php/3386001
Google Expects Pricey
Offering
http://www.washingtonpost.com/wp-dyn/articles/A16592-2004Jul26.html
Boise Cascade selling
timber assets for $3.2B
http://www.usatoday.com/money/industries/manufacturing/2004-07-26-boise-officemax_x.htm
At the Democratic
Convention, Reporters Outnumber Delegates 6 to 1
http://www.nytimes.com/2004/07/27/arts/27REPO.html?pagewanted=all
Popular Political
Satire Site on Presidential Election
Not
just a gimmick -- the best camera phones
--------------------------------------------------------------
“Gimme
that Wine”
New Jersey Passes Pouring Law
http://www.winespectator.com/Wine/Daily/News/0,1145,2544,00.html
California State
wine sales growing
http://www.recordnet.com/articlelink/072504/business/articles/072504-b-2.php
Beaulieu donates $20,000 to restore Napa River
http://www.napanews.com/star/templates/index.cfm?template=
story_full&id=A48F66D5-20F6-4A27-98B2-1CA150379DA0
Priorat - worth the
money?
http://www.jancisrobinson.com/winenews/2004/winenews0724.html
Investors Knew The
Risks In Vineyard Bankruptcy
http://www.mantecabulletin.com/articles/2004/07/22/oakdale/local_news/news02.txt
--------------------------------------------------------------
This
Day in American History
1686-Birthday
of Mary Peck Butterworth, Colonial Counterfeiter. In 1722 Mary Peck
Butterworth's husband bought her a huge, fancy house that aroused the
suspicion of authorities. (She couldn't buy the house herself because
the law forbade married women owning anything on their own. It all belonged
to the husband.) Even though
the couple was investigated by the authorities - and two of their "gang"
turned state's evidence - there were no convictions. Seems that Mrs.
Butterworth developed a currency-counterfeiting process that used cloth
that was immediately burned instead using the usual counterfeiting tell-tale
copper plates. The cloth "plate" evidence went up in flames
after each use so the prosecution's evidence disappeared in smoke. According
to the evidence given against her by her relatives who assisted her,
she used a hot iron to press a piece of starched cotton over a bill
to transfer the pattern. Using the same method she transferred the pattern
to paper from the cloth. Then
with a series of quills, she inked the note by hand into an almost perfect
note. She organized a true kitchen-cottage industry, using her family
including her brother and his wife who turned state's evidence. She
was said to be a tough task boss. She got so good at the business that
she expanded her operation into wholesaling bogus bills at half price.
Members of the organization were arrested, but all were acquitted.
It is said she gave up counterfeiting after that.
http://www.upenn.edu/pennpress/book/13384.html
1775—Dr.
Benjamin Church was named Surgeon general of the Continental Army. He
was a traitor and spy who was caught passing information and jailed
on November 7,1775. He had passed
on information regarding several battles, including the Battle of Lexington,
and was privy to troop movement, strength,
and strategy. On a second attempt on sending information
to the enemy via
a lady friend, his
letter was intercepted and the decoded.
General Washington conducted the court marshal. Church was sentenced
to a life term in prison. He began his incarceration, but ill health
enabled him to return to Boston where he was paroled. Church received
permission to immigrate to the West Indies; the ship that provided his
passage was lost at sea. It was later learned with certainty that Church
had been in the pay of General Gage and had furnished the British with
a detailed description of colonial military plans and equipment several
weeks before Lexington and Concord.
http://www.u-s-history.com/pages/h1245.html
http://members.aol.com/tjoschultz/baker.html
1777-
The beautiful Jane McCrea was murdered and scalped for her long blond
hair supposedly by Indians allied with the British General Burgoyne.
Subsequent investigation indicated she might have been killed
by a stray shot and not by Indians. The scalping horrified everyone
and helped unite the colonies against British rule. A monument now marks
the spot where she was originally buried.
http://www.4peaks.com/fkmcrea.htm
1789-Department
of State founded. The first presidential cabinet department, called
the Department of Foreign Affairs, was established by the Congress.
Later the name was changed to Department of State.
1841-
Linda Richards birthday - U.S. nurse and educator. She received the
first diploma from the first school of nursing opened in the U.S. She
went on to establish training schools for nurses as well as directing
several hospitals.
She
retired in 1911 at age 70 when she wrote her autobiography, “Reminiscences
of Linda Richards.”
http://www.northnet.org/stlawrenceaauw/richards.htm
http://www.nurses.info/personalities_linda_richards.htm
http://www.aahn.org/gravesites/richards.html
1853---Birthday
of Architect Cyrus Lazelle Warner Eidlitz.
http://memory.loc.gov/ammem/today/jul27.html
1857-Birthday
of Jose Celso Barbosa-Puerto Rican physician and patriot, born at Bayamon,
Puerto Rico. His birthday is a holiday in Puerto Rico. He died at San
Juan, Puerto Rico, Sept 21, 1921.
1866-Atlantic
Telegraph cable successfully completed.
1868-Uniforms
for mail carriers were authorized by Congress.
Before this
date, mail carriers
could dress in any manner.
1905-Birthday
of Leo Durocher, born at West Springfield, MA. He began his major league
baseball career with the New York Yankees in 1925. He also played for
the St. Louis Cardinals' "Gashouse Gang" and the Brooklyn
Dodgers, where he first served as player-manager in 1939. It was during
that season that he used the phrase "Nice guys finish last,"
which would become his trademark. As a manager, he guided the New York
Giants into two World Series. Following a five-year period away from
baseball, he resurfaced as a coach with the Los Angeles Dodgers in 1961.
In 1966 he signed with the Chicago Cubs as manager. After leaving the
Cubs, he spent one season with the Houston Astros, then retired from
baseball in 1973. He died Oct 7, 1991, at Palm Springs, CA.
1909
- The record for the longest airplane flight was set by Orville Wright
who was testing the United States Army’s first airplane. Wright kept
the craft aloft for 1 hour, 12 minutes and 40 seconds over Fort Myer,
Virginia.
1921-
Dr. Frederick Banting and his assistant at the University of Toronto
Medical School, Charles Best, gave insulin to a dog whose pancreas had
been removed. In 1922 insulin
was first administered to a diabetic, a 14 year old boy.
1921-
Baseball fan Reuben Berman brought suit in New York County Supreme Court
against the New York Giants, alleging that on May 16 the Giants had
“wrongfully and unlawfully imprisoned and detained” him and threatened
him with arrest. Berman further alleged that he was “greatly humiliated
before a large crowd of people…and thereby was caused mental and bodily
distress and was thereby greatly injured in his character and reputation
and in his physical health” Berman’s crime?
He refused to return a foul ball he had caught to a stadium attendant. Allowing fans to keep foul balls was not year
a general practice, but the court awarded Berman $100 and thus fans
were allowed to keep a caught foul ball.
Thank you, Reuben
Berman.
1922—Birthday
of Julius “Papa Cairo” Lamperez, born New Orleans. Louisiana Hall of
Fame member played steel guitar with Cajun and Western swing bands for
64 years; the New Orleans native sang on Chuck Guillory & His Rhythm
Boys' 1949 hit, "Big
Texas"; he later toured with Ernest Tubb, and recorded
with Harry Choates and Chuck Guillory. died 11/13/99; age 79
1937—Birthday
of vibe player Charlie Shoemake Houston
TX
http://www.vh1.com/artists/az/shoemake_charlie/bio.jhtml
http://talsanmusic.com/charlie/
http://www.allaboutjazz.com/reviews/r0703_060.htm
http://ubl.artistdirect.com/store/artist/album/full/0%2C%2C492644%2C00.html
http://ubl.artistdirect.com/store/artist/album/0,,1131096,00.html
1942
- In New York City, Peggy Lee recorded her first hit record. With instrumentals
provided the Benny Goodman band, Peggy sang "Why Don’t You Do Right"
for Columbia Records.
1943-Birthday
of singer Mary Love, born Mary Ann Varney, Sacramento, CA
http://www.soulfulkindamusic.net/mlove.htm
http://www.musicstack.com/search/love,_mary.html
1943
- On a whim, and flying a single engine AT-6, Lieutenant Ralph O'Hair
and Colonel Duckworth were the first to fly into a hurricane. It started
regular Air Force flights into hurricanes
1948-Birthday
of skater/television personality Peggy Flemming.
http://www.life.com/Life/covers/1968/cv022368.html
1953-
the Armistice agreement ending war that had lasted three years and 32
days was signed at Panmunjom, Korea ( July 26, US time ), by US and
North Korean delegates. Both
sides claimed victory at conclusion of two years, 17 days of truce negotiations.
1955
- Chuck Berry's first hit record, Maybellene, entered the R & B
charts.
1955-Billboard
claims that only two singing stars can be considered guaranteed hit makers these days: Nat King Cole and country star Webb Pierce. Throughout
his long and illustrious career, one that extended into 1982, Webb Pierce
charted 96 singles, 54 Top Ten songs and 13 No.1 singles. In 1955, three
of his tunes topped the charts for an unprecedented 46 weeks... almost
the entire year. Using a point scale that takes into account both chart
positions and longevity, Joel Whitburn ranks Webb Pierce as the No.1
artist of the 50’s, leagues ahead of Jim Reeves (No.14) Eddy Arnold
(No.2) Hank Williams (No.6) and Lefty Frizzell (No.16). It is estimated
that his record sales to date total over 65 million copies and his influence
can still be felt throughout the world at every age level and in every
musical genre.
http://www.slipcue.com/music/country/webbsite/webbintro.html
http://hammer.prohosting.com/~coollz/webbwords.htm
1959
- The brothers, Santo and Johnny (Farina), of Brooklyn, New York released
their one and only hit record, the instrumental "Sleepwalk,"
which would be the number one song for two weeks. "Tear Drop,"
their next song, only went to number 23 on the pop charts.
1962-
During the unsuccessful Albany, Georgia movement, Dr. Martin Luther
King, Jr., is arrested
and jailed for the third time. During
months of protests, Albany's police chief jailed hundreds of demonstrators
without visible police violence. Eventually the protesters' energy,
and the money to bail out protesters, ran out. The movement was lost,
until the spring of 1963 in Birmingham, Alabama.
http://www.africana.com/research/encarta/mlk.asp
http://www.stanford.edu/group/King/publications/autobiography/chp_16.htm
1965-The
Beach Boys' "California Girls" is released.
1966-
The Wisconsin Supreme Court overrules a lower court decision and holds
that the state doesn't have the jurisdiction to keep the Braves from
moving to Atlanta.
1974
- "Annie's Song," John Denver’s biggest hit song, written
for his wife, reached the top of the "Billboard" singles charts.
Denver enjoyed three other number 1 songs: "Sunshine on My Shoulders",
"Thank God I’m a Country Boy" and "I’m Sorry".
1976
- Former Beatle John Lennon won formal permission to remain in the United
States as a permanent resident and would be eligible for United States
citizenship in five years.
1979-
Little Richard -- billed as the Reverend Richard Penniman -- spoke to
a revival meeting in San Francisco about the dangers of rock & roll
1986-Lemond
Wins Tour de France. Cyclist Greg Lemond became the first American to win the Tour de
France, the most important bicycle race in the world.
1987
- Freeway shooting incidents were all the news in Los Angeles, California.
There had been nine incidents involving vehicles and guns since June
18, 1987. There were actually two motorists shot to death and four others
injured.
1988
- Hot weather prevailed in the north central U.S. Williston, ND, reported
a record high of 108 degrees. Thunderstorms produced severe weather
in the eastern U.S., and in southeastern Texas. Richland County, SC,
was soaked with up to 5.5 inches of rain.
1988
--Boston's worst traffic jam in 30 years. “ People in Boston either talk about how the Red Sox are doing
or the traffic. But since the I-90 tunnel extension to South Boston
opened in January and the I-93 northbound tunnel beneath downtown opened
in March—two major elements of the now infamous "Big Dig"
project—they only have one of the two to complain about. Rush hour,
which used to span 10 to 12 hours, has been cut in half.”
http://www.keepmedia.com/ShowItemDetails.do?itemID=264504
1988
--Radio Shack announces the Tandy 1000 SL computer.
1989
- Thunderstorms produced severe weather from Wisconsin and northern
Illinois to New England, with 103 reports of large hail and damaging
winds through the day. Thunderstorms in Wisconsin produced hail three
inches in diameter near Oshkosh, and wind gusts to 65 mph at Germantown
1996
- During the Olympic Games in Atlanta, Georgia a bomb exploded in an
entertainment park killing two and wounding 110. A man was uprightly
convicted in the newspapers, then let free, and no other suspect nor
the person who set
off the bomb has
been found to this date.
1996-Canadian
sprinter Donovan Bailey won the 100 meters at the 1996 Summer Olympics
in Atlanta in the world record time of 9.84 seconds. The previous mark, set on July 6, 1994 by Leroy
Burrell, was 9.85 seconds.
1998-
Sammy Sosa hits his first career grand slam establishing the mark for
most career homers before hitting a grand slam (246).
2000
-Toronto skipper Jim Fregosi wins his 1,000th game as a big league manager
as the Blue Jays beat the Mariners, 7-2.
Baseball
Poem
"A
clever runner steals a base." - James J. Metcalfe
James J. Metcalfe was a widely syndicated
columnist for the Chicago Sun-Times and a German-American poet that
put together a very nice poem that truly does catch the essence of the
game in a most eloquent manner.
Baseball
by
James J. Metcalfe ©
Published:
Unknown (Unknown)
The
game of baseball is the king
Of
all the games we play
And
it is one pursuit that is
Distinctly
U.S.A.
The
people swarm into the stands
To
watch their favorite teams
And
munch their hot dogs when their lungs
Are
not engaged in screams
The
pitcher hurls the horsehide and
The
batter gets a hit
Or
else the ball goes sailing and
Some
fielder smothers it
A
clever runner steals a base
A
player takes a walk
Or
managers and umpires
Decide
to have a talk
The
crowd is gay or gloomy or
Completely
in suspense
But
it goes wild when someone knocks
The
ball beyond the fence.
http://www.baseball-almanac.com/poetry/po_bball.shtml
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