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Exp. Account Executive
Salt Lake City, Utah
Intermediaries--Background in sales/leasing and/or finance required/credit experience preferred. Salary plus commission. Fax resume: 801-733-2363 or
email: clong@acccapital.com
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Monday, July 10, 2006
Congratulations to Italy! World Champions!!!
Headlines---
July 10, 2000—Archive
Web Site Up/Advisory Board
Classified Ads---Sales Managers
Pictures Past—Woodley/Parker
Leasing Library: “Lost our Lease"
Tomorrow: Atlanta, GA Luncheon
Lefebre 1st Chair Biz Council
Classified Ads---Help Wanted
Evergreen Clauses by T. Winders
DocuSign expands Services
“The List” 2nd Quarter, 2006
News Briefs---
You May have Missed---
Sports Briefs---
"Gimme that Wine"
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku Puzzle
######## surrounding the article denotes it is a “press release”
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July 10, 2000—Archive—Web Site Up/Advisory Board
Leasing News moved from a newsletter format to a web site format, making the newsletter that was sent out by e-mail also available on its web site: www.leasingnews.org in a text format ( same as the e-mail edition) with other features.
Here is the announcement made July 10, 2000:
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
[headlines]
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Classified Ads---Sales Managers
Louis P. Balducci Vineyards, Augusta, Missouri *
Atlanta, GA
30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth.
Email: pml@mindspring.com
Chicago, IL
Successful sales manager has 15 years experience with captives and independents. Expertise in re-energizing existing sales teams and territories, also building teams from scratch. True Team Leader looking for new challenge.
email: Murph5553@aol.com
Chicago, IL
Senior sales manager seeks Chicago based sales management role with growing, creative, customer focused lessor. Extensive experience/documented results in all aspects of information technology leasing.
Email: belanger@dataflo.net
Geneva, IL
Leasing leader seeking sales manager, senior sales/business development, marketing or strategic planning opportunity. Twenty plus years in the business. Looking for a new challenge.
E-mail: edok@sbcglobal.net
Marlton, NJ
25 years exper. Promoted to sales manager after attaining highest percentage of quota for 2 years. Increased business by 50% over two years as sales manager.
Email: Sjgaul@aol.com
New York, NY
I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc..
Email: rfleisher@rsrcapital.com
Pennsauken, NJ
17 Years Leasing in all capacities from CSR and Collections to National Sales Management and Vice President Vendor Development. Exceptional People Skills. Many industry references.
email: cherfurth1@aol.com
Portland, OR
18+ yrs w/bank leasing company. Supervised 14- 20 sales people. Willing to relocate for the proper position.
Email: pthygeson@netscape.net
For a full listing of all “job wanted” ads, please go to:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm
To place a free “job wanted” ad, please go to:
http://64.125.68.91/AL/LeasingNews/PostingForm.asp
* “Louis P. Balducci was a wine pioneer in the wholesale wine business in Missouri from 1946 - 1979. He introduced Missourians to many new brands and types of wines from the U.S. and around the world. He became highly respected as a wine specialist in St. Louis, and his reputation as a speaker and wine educator grew to include Missouri and the entire Midwest. He was associated with Balducci's Restaurant in St. Louis and with Rick and Carol Balducci's vineyards in Augusta until his death in 1995. We are still inspired by his enthusiasm for life and his love for family and friends.”
http://www.balduccivineyards.com
[headlines]
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Pictures from the Past
Featured on Leasing News: 11/27/2002
Pictures from the Past
---1987---
Parker, Woodley
1986 Western Association of Equipment Lessors President Ted Parker, Charter Equipment Leasing (left) admonishes 1987 President-elect Joe Woodley, Westover Financial, IN. to “ talk softly and carry a big stick” as he passes the gavel.
[headlines]
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Leasing Library: “Lost our Lease”
Ted Parker, founder of The Leasing Library announces they will cease operations on July 31, 2006. "We've lost our lease." [pun intended]
For over twenty-five years, the Leasing Library has created many reference and training materials for the leasing industry. Favorite's include:
Marketing the Equipment Lease
Lease Documents & Forms
Winning Leases with TValue 5.0
and several others
Ted and his associates would like to thank all those in the leasing industry that have contributed to the years of success enjoyed by the Leasing Library.
Please visit our web site
http://www.theleasinglibrary.com
for our close out specials.
[headlines]
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Tomorrow: Atlanta, GA Luncheon
July 11, 2006
Meet and Greet Lunch hosted by Doug Welch
11:45AM Buffet Lunch with Roundtable discussion
$15 price, member or non-member
Ansley Golf Club, Atlanta, GA
Please contact the EAEL office at 212.809.1602 or alison@eael.org for pricing and a registration form.
Walk-ins welcome, but prefer registration for lunch count.
[headlines]
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Lefebre Appointed First Chair Business Council
Gregory A. Lefebre has been appointed to the first Chair of the Business Advisory Council of the SUNY Brockport College, Brockport, New York. The popular college has an enrollment of 7,000 students with an In-state tuition: $4,350. LeFebre is CEO of Rochester Equipment Leasing, Rochester, New York. He is a Brockport alumnus, and has been actively involved with the Business Advisory Council and recruiting Brockport students for over five years.
The purpose of the Business Advisory Council is to advise the Department of Business Administration and Economics regarding its mission, goals, and strategic planning. The Council also helps promote the Department and SUNY Brockport as the opportunities exist, as well as strengthen the resources of the Department. The Department's programs accommodate a broad spectrum of students with varied interests and prepare them for entry into professional business careers and graduate studies. All of the business degree programs at SUNY Brockport are accredited by AACSB International, The Association to Advance Collegiate Schools of Business.
Rochester Equipment Leasing, Inc. specializes in equipment financing for small to medium sized businesses in the Rochester area and national vendor leasing programs for distributors and manufacturers of diverse types of capital equipment. Rochester Equipment Leasing has sources for working capital loans.
Suny Brockort
http://www.brockport.edu/
Rochester Equipment Leasing, Inc
36 West Main Street Suite 777
Rochester, NY 14614
585- 231-1550
www.RochesterLeasing.com
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Classified Ads---Help Wanted
Account Executive
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Exp. Account Executive
Salt Lake City, Utah
Intermediaries--Background in sales/leasing and/or finance required/credit experience preferred. Salary plus commission. Fax resume: 801-733-2363 or
email: clong@acccapital.com
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Account Managers
 "Specializing in Equipment Financing"
Charlotte * Los Angeles * New York * Phoenix
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National Account Managers
60% com./30% res. APP only to $150,000. No industry/geo restrictions. Tremendous flexibility/freedom: your home office or our regional offices. bjohnson@alliancecap.com
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Sales Manager
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Inside Sales Manager
Troy, MI
Proven in sales, prospecting and closing
skills. Must know how to lead and
grow our sales team. Send resumes to htischer@leasecorp.com
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Evergreen Clauses
by Terry Winders, CLP
A few years ago, in the data processing field, lessees wanted to have a lease product that would allow them to continue using the equipment after termination if the newest generation of equipment was still a few months off or the delivery of the new equipment was delayed. This led to a flexible lease with a month to month extension called an evergreen clause. This allowed the lessee to extend the lease month to month, after termination of the stated term, until they gave thirty days notice. The key here was that the extension was under the lessee's control. Not long after this it spread to other lease markets.
Many lessors found that when a standard evergreen clause was used the lessee continued to lease the equipment for extended periods of time simply because, if the lease never ended, and invoices continued to be sent, they were paid. Many lessees did not have an internal method of following termination dates, especially if they had numerous transactions. However, when the lessee learned of their mistake, tempers flared. This was usually solved by informing the lessee of the evergreen clause at commencement and their requirement to notify the lessor when they wanted to terminate.
Next we began to require a ninety day notice prior to termination with a mandatory evergreen clause if there was a failure to notify. Also the notice could not be submitted prior to six months from termination. In many cases the notice requirement was placed in the body of the lease and was usually undetected by the Lessee. When the lease terminated and the lessor informed the lessee that they failed to submit the ninety day notice and the lease would continue for another ninety days the lessees became disturbed. So, New York and Illinois began to put requirements on the lease document to make the notice requirement “conspicuous” or to give the lessee notice of their notice requirement. Many lessors, but not all, have begun to send notice of the notice requirements sixty days in advance of the notice date or are contacting the lessees directly.
Now we have many major lessors that have a wintergreen clause which is a mandatory twelve month extension if the lessee fails to give proper notice further irritating lessees.
Both the evergreen and the wintergreen clauses are another part of the differences between lessors and require professional lease salespersons to know the requirements of their competitors so as to properly present reasons to lease with them.
Terry Winders, CLP
Lease training and Consulting
502-327-8666
leaseconsulting@msn.com
[headlines]
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DocuSign expands Enterprise Service
DocuSign is about to introduce an expanding new service for customers who do not have a "heavy volume" of documents that can be signed over the internet, and is also introducing a new feature to their Enterprise service.
Located in Seattle, Washington, DocuSign has over 750 corporate customers, many whom they provide full service, specific help, and technical support. In April of this year they a second funding round totaling $10 Million in Funding. This round was led by new investor Sigma Partners, who is joining previous investors Frazier Technology Ventures and Ignition Partners. In June, they successfully defended one of its core patents in an intellectual property lawsuit against Yozons, Inc., reaching which required Yonzons to pay DocuSign a royalty on revenues generated from its online e-signature solution
They are in the process of up-dating and introducing new features. First, they have enhanced their basic Enterprise service with "In-Session Signing." The expanded version is offered on a 30 day free trial basis.
They are also re-pricing their "Express Service," which is aimed at a market place that does not have the high volume of "envelopes" of documents that require signatures as an Enterprise customer would demand. Announcements will be forthcoming, they state.
In the expansion of the Enterprises service, the "In-Session Signing” allows a customer to visit a Web site, complete a form and sign an application all in one visit. The DocuSign On-demand Signing Service ensures proper security, user authentication, and document non-repudiation, and leads the industry in ease of use and flexibility.
“Many e-commerce customers are only able to execute some of their transactions online, and are forced to turn to a paper process to obtain signatures,” said Tom Gonser, VP of Product Strategy at DocuSign. “In typical e-commerce transactions that require signatures, customers have to download and sign documents, or the customer has to physically send documents via overnight express. This decreases close rates, increases errors, and adds cost.
Now, with DocuSign In-Session Signing, the entire ecommerce transaction, including signing documents, can happen online, increasing sales close rates, eliminating signing errors, lowering paper costs, and reducing postage fees.”
This basically lets customers obtain electronic signatures in just minutes on any document that can be printed from your PC.
The Express Service is designed to be purchased online and you can be up and running within minutes. There is a 30 day free trail on this feature.
To learn more, please go here:
http://www.docusign.com/express/
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“The List” 2nd Quarter, 2006
on line:
Chronological Order
Alphabetical Order
June
Orix Financial (06/06) Kropschot helps Orix Vendor Finance Group go to Equilease
http://www.leasingnews.org/archives/June%202006/06-28-06.htm#krop (05/06) "...revenues associated with directed financing leases were flat." Leasing News has received reports of division down sizing, and several departments being eliminated. (10/05) Los Angeles, CA., firm Houlihan Lokey Howard & Zukin, an international investment bank, announced that it has agreed to join forces with ORIX (02/05) ORIX USA's Structured Finance division, based in Kennesaw, GA, recently exceeded $1 Billion in new business volume since its inception four years ago (01/05) ORIX USA Forms Corporate Finance Group (10/04) ORIX Announces Interim Results-Leasing Revenue Down. (7/2004) Reports Closing Kennesaw, GA Office, rental available. (4/2004) Gary Corr, president and COO of ORIX Financial Services, Inc. (OFS) announced the promotion of Bill G. Fite to group president of ORIX's equipment finance group (EFG). Many complaints by employees continue over lack of communication and broker promises. (1/04) On February 13th, forty people will be let go in Orix's New York Office and twenty-five in Kennesaw with layoffs continuing every two weeks from then on through the end of the fiscal year (3/31). “The layoffs will hit IT and Accounting the hardest but they will be across the board (SFG, EFG, RPG, Operations, HR).“Also, apparently there is an internal memo among the Dallas Executives that has a timeline for vacating Kennesaw entirely (1/04) “We Need Your Help!” Orix Employee Cries Out Loud ( http://www.leasingnews.org/archives/January%202004/01-16-04.htm#we ( 1/04) Orix Capital Markets will announce that they are shutting down the NY office. Major layoffs will hit the Kennesaw, Georgia office either mid or late February. Nothing is certain yet but it is probably safe to say that Orix will be out of the leasing business altogether at this time in 2005. (1/04) “ They have also already told the CIO, Chief Legal Officer, EFG Group President, and some other senior level people when their last day will be (1/04) Gary Gusoff is Gone---Five More to Follow (12/03) Despite the press releases and hoopla, according to a highly reliable source, Gary Gussoff last day will be December 31, with more officers to follow, with rumors Orix may be getting out of the leasing business in the USA (11/03)Fitch Withdraws ORIX Financial's Senior Debt Rating (11/03) " Holmes had four businesses reporting to him, the ones run by Hidder, Crain, Neptune and Fite. Today after the reorganization Corr gets only one of those businesses, the old Credit Alliance portfolio run by Fite. The other three organizations that Holmes recruited and nourished at OFS are all reporting elsewhere. How long will those guys stay around, they jumped ship from elsewhere to follow Holmes? And what is the fate of Fite, is he really necessary if all Corr has is the Equipment business?" (11/03)Fitch Places ORIX Special Servicer Rating Watch Negative| (10/03) http://two.leasingnews.org/loose_files/Orix_Motivational_Posters.ppt (10/03) Beyond comedy. (10/03) Holmes gone! (10/03) Orix floundering, Holmes to going, going... (9/03) US team in trouble, look for shake-up on top. (8/2001) "Orix Corporation was raised to "outperform" from "hold" by analyst Tomotaka Ohio at UFJ Capital Markets Securities". In a related story, Orix was reiterated "hold" by analyst Edward Gordon at WestLB Panmure. Insider tells us not much action happening at Orix. Shows what a press release about a new president coming on board and new credit manager. Hype still works on Wall Street. (7/2001) Hires Donald Cox as Exec.VP/CFO-30 years exp. at BofA. Many predict he will be a "figure head" and the company will not be around in two to three years---history will tell if this is correct or not. (4/2001) Orix to "consolidate;" close offices, moving to Atlanta, GA. (2/2001) Closes re-discount center, Steve Geller says "goodbye." (11/10 First six months profits up 14% at Orix! ) (11/8) New President at Orix appointed. 10/2000 "long-term Outlook has been revised from Stable to Negative". Credit Alliance has changed its name to ORIX Financial Services, 9/2000 Japanese Bank President commits Suicide (Orix is a 14.7% shareholder in bank having problems), (8/2000) closes small ticket vendor division in Portland Oregon, "Business as usual in New Jersey and with Brokers" says Steve Geller.
Cybernet , Grand Rapids (06/06) Horton, 54, of Grand Rapids, pleads guilty to 4 felony charges. (05/06) Trial set for ex-Pres. James. M. Horton (04/06) FBI to go after officers.(5/05) CyberNET's jilted creditors want to know more about Huntington Bank's relationship (who also is having troubles with Preferred Capital underwriting of leases. Note: Bank earnings very good.) (5/05) CyberNet Claims total $114 million (4/05) Auctions raises $1.1 mm. Wife says she is broke and not responsible for late husband's deeds. (2/05) Trustee looks for help with Cyberco (1/05) Creditors looking for money, find a lot of expensive wine (11/04) Founder Barton Watson barricades self in house, commits suicide (11/04)According to public records, “approximately (70) banks and leasing companies are involved with a fraud estimated to be in excess of $60 million.
One World Leasing (06/06) Sharon Foglesong resigns as President of 17 member-owners representing in excess of $250,000,000 in equipment financing annually. She is moving on in her career; co-op looks to grow from 17 to 75 by 2010, predicts Chairman John Winchester, elected in April, 2006 to the position. (7/05) Sharon Foglesong appointed president, now 16 members, reports co-op going strong and successful. (8/04) Co-op adds six new members, new exec. dir. gets company going. http://www.leasingnews.org/archives/August_2004/8-06-2004.htm#one (11/03) Down to five members, but seeks new president (2/2003) Loses three members, obtains new CEO. http://www.leasingnews.org/#world
Main Street National Bank , Texas (06/06) Bob Fisher Promoted to Exec. VP of Leasing Division. (12/05) Bob Quinn is no longer with Main Street Bank. He was not terminated for cause and he did not quit. That was all Quinn could say, according to our source. Leasing News asked Tom Depping if he would confirm or deny this? “No public comment on this.” Reportedly the man who originated the First Sierra concept was Bob Quinn, not Tom Depping. Bob Quinn approached Tom Depping in 1993 after Denrich was purchased by ATT Capital in December, 1992.Quinn did not feel ATT was dedicated to their Private Label Program so he approached Tom Depping as an old friend and business acquaintance about forming a new company to do nothing but Private Label. http://www.leasingnews.org/archives/December%202005/12-07-05.htm#bob (12/04) Thomas J. Depping, former president of Sierra Cities/First Cities, makes it official, that he has raised $21 million to become chairman of bank to specialize in equipment leasing; hires Douglas Guardian, the ex-US Marine sales director Bob Fisher, who leaves on good terms to establish national broker program. Fisher is very well respected in the equipment leasing industry.
US Bancorp (06/06) More info on “Fee” Class Action Lawsuits http://www.leasingnews.org/archives/June%202006/06-14-06.htm#fee (06/06) US Bancorp is being sued in various states in a class action suit regarding lease contract and other fees. Allegedly others major funders of leases have settled, rather than go to court. Companies reportedly as CIT, Pitney-Bowes, perhaps Wells Fargo, all centered around three items: 1) Property damage insurance (forced insurance ;) 2) UCC fees; 3) Origination fees (“doc” fee.)
ICB Leasing/Sovereign Bank Merger (06/06) June 5th, an ICB Leasing spokesperson told Leasing News: "His last day was 5/31/06 - the merger was official as of 6/1/06." (05/06) Sovereign wins regulatory ruling (04/06) Ira Romoff: "I plan to stay as long as needed, but will not be involved in the long run with the ongoing entity." (10/05) Sovereign Bank announces agreement to acquire Independence Community Bank Corp. of Brooklyn, New York for $42 per share in cash, they also announced that Banco Santander Central Hispano, S.A. of Madrid, Spain had agreed to make a $2.4 billion minority investment in Sovereign, by agreeing to purchase shares from Sovereign at $27 per share, “a significant premium over market,” said Jay Sidhu, chairman, president and CEO of Sovereign. “As a result of this purchase, Santander will own 19.8% of Sovereign's stock and the proceeds of this investment will facilitate our acquisition of Independence.”
May
Financial Advisory Consultants , Lake Forrest, CA (05/06) James P. Lewis Jr., 59, received the maximum sentence of 30 years from U.S. District Judge Cormac Carney on Friday in Orange County, California, federal court. He also was ordered to pay back the $156 million he stole from 1,600 people in a Ponzi scheme that lasted over twenty years, until it imploded from the duplicate selling of equipment leasing contracts and loans.
Bank of Walnut Creek Leasing , CA (05/06) To merge with First Republic Bank, San Francisco, CA.
HP/Compaq Financial (05/06) reports revenue of $518 million, a decrease of 5% year-over-year. Finance volume decreased 14% over the prior year period, and net portfolio assets grew 1%. Operating profit was $39 million, or 7.5% of revenue, down from a profit of $58 million, or 10.7% of revenue, in the prior year period. (12/04) HP Financial Services recently announced that they are closing their Colorado small ticket operations center and moving to Murray Hill, NJ. All of the employees in Colorado will be laid off. (3/2003) closes originations by third party, told doing leases without running personal credit on president, not requiring personal guarantees, plus doing start-up restaurants, among other type credits at very low rates, $1.00 out, no additional collateral-puts on a lot of business after merger of parent.
IFC Credit , Morton Grove, Illinois (05/06) on withholding information, Judge rules: "ORDERED that IFC Credit Corp. (“IFC”) shall send letters to all lessees against which it has made claims under leases or rental agreements acquired form NorVergence and explain to each lessee the precise amount of money that was delivered to NorVergence for the lease, as well as what amount was held back, the basis for such holdback, and the manner in which the holdback was applied in the accounting records of IFC."(05/06) Texas Judge Sally L. Montgomery Rules against IFC in case http://www.leasingnews.org/archives/May%202006/05-18-06.htm#judge (04/06) Texas Judge Sally L. Montgomery Rules against IFC Credit IFC to sue Leasing News for “Slander” (12/05) announces that its wholly-owned subsidiary, FPC Funding II, LLC, has completed the renewal of its $75 million revolving credit facility with Autobahn Funding Company, LLC, an asset-backed commercial paper conduit sponsored by DZ Bank AG Deutsche Zentral-Genossenschaftsbank. (12/05) Rudy Trebels, President IFC Credit, issues statement to Leasing News:“...While we would like to provide our views to your commentary in The Leasing News, we feel that it's neither fair nor appropriate to discuss pending litigation or requests for more information in this forum. As you are aware, there are significant issues to be decided that could not only impact our company, but could have serious ramifications within the leasing industry. As such, we feel it is necessary to debate issues solely within the confines of the court system and not through the media. Hopefully in the not too distant future, we will be able to discuss these issues with you in greater detail." (11/05) (11/05) IFC Credit writes "Letter to the Editor" of Equipment Leasing Association ELTnews, basically stating: they have complied with material requested, but then also states at the end, “That information and other materials requested by the FTC are expected to be delivered to the FTC very soon which should resolve the requests of the FTC's Civil Investigative Demand.” (11/05) The Federal Trade Commission asks a federal judge Thursday to aid its efforts in investigating debt collection regarding NorVergence "Equipment Rental Contracts."
Pawnee Leasing Corp ., Fort Collins, CO (05/06) 24 year old Pawnee Leasing, Fort Collins , Colorado issues their IPO in Canada as “Chesswood Income Fund”; Pawnee Raises $57,781,930 (Canadian) on First Offering. Other companies are reportedly interested in same tax scenario between countries. (11/05) cars4U Ltd, Toronto, Canada (company traded on the Toronto Stock Exchange) signs agreement to acquire company. For more that 20 years, Pawnee has been a leader on the start-up and near prim finance market throughout the United States." For the year ended June 30, 2005, Pawnee had income before taxes of US$8.9 million." Pawnee's senior management team to continue in their roles with Pawnee. In addition, Rob Day and Sam Leeper, Pawnee's Chairman and founder, and CEO respectively, will be among the trustees for the income fund. Gary H. Souverein to remain as president/COO. Leasing News has exclusive interview:
http://www.leasingnews.org/archives/November%202005/11-04-05.htm#gary
McCue Systems , Burlingame, CA (05/06)McCue Systems Inc., Burlingame, California, the “granddaddy” of the equipment leasing software companies founded in 1973 by John McCue, has been purchased for approximately $8.5 million by NetSol Technologies, Inc. (NASDAQ:NTWK), a US-based developer of proprietary software applications and provider of information technology (IT) services, headquartered in Calabasas, California. Payment will consist of 50 percent cash with the balance paid through the issuance of Netsol's common stock carrying Rule 144 restrictions.
T&W , Tacoma, Washington (05/06) Paul B. Luke, CPA 50, of Omaha, Nebraska, was sentenced to one year in prison, three years of supervised release and $1.2 million in restitution. According to records in U.S. District Court in Tacoma, Luke created a fraudulent lease agreement in order to draw more than $1 million from a line of credit T&W had with Bank of America. The money was used to pay T&W's employees, and the company later defaulted on the $1.2 million loan and went out of business. ( 8/2001) Mike Price, formerly of T&W Leasing, Resigns from Westar Financial. (7/2001) T&W Mike Price charged with evading taxes on $3.2 million yacht. (10/2000) filed Chapter 11. Creditors meeting on 12-4-00 Seattle. Case # 00-10868 US Bankruptcy Court Western District of Wash. 206-553-7545. Debtor Attorney-Marc Barreca 206-623-7580.
April
Leasing Advantages/Sterling Capital Partners , CT (04/06) Founder Peter S. Chipouras dies in car crash.
United Leasing Corporation , VA (04/06) FBI agents reportedly with a subpoena confiscated accounting and leasing records from Mechanicsville, VA office.
GE Commercial (04/06) With $15 billion in served assets and 400+ professionals across 40 locations in North America, GE Commercial Finance announces the expansion of its Corporate Lending business, providing middle market and larger corporate customers a broader suite of financial solutions. As part of the announcement, the company formally introduced Tom Quindlen as President and CEO and Jim Kelly as General Manager of North America.
Pioneer Leasing , Addison, Texas (04/06) Founder Bernie Boettigheimer retires after 24 years in business. Son John succeeds him. Company earlier became a subsidiary of IFC Credit, Morton Grove, Illinois.
Unicyn Financial , Closter, New Jersey (04/06) A 26 year independent lessor is acquired by Resource America's Leaf Financial.Unicyn provides equipment and practice acquisition financing as well as debt consolidation loans to the healthcare market. The acquisition includes both a portfolio of small ticket leases and loans bought on behalf of LEAF's investment partners and numerous vendor finance relationships as well as a team of experienced origination personnel. After this acquisition, LEAF will manage approximately $475 million of finance assets for its own account, institutions and third party investors. As a result of this transaction LEAF is able to expand its coverage of the healthcare space by providing unique and competitive funding solutions in the medical, dental and veterinary segments of the market. (NASDAQ:REXI).Unicyn Financial Companies is an independent lessor that has been in the business for 26 years. The company's focus has been the healthcare market in the small to middle ticket areas. (7/05) the five top salesmen from HBSC join here. Patrick McGahren, President, announces major expansion in the health care segment. Joining Unicyn in the newly formed Dallas, Texas office is Greg Wood. Greg has extensive history within the Dental Financing market and was most recently with GE Capital / HPSC. Unicyn also opened a new Chicago, Illinois office which will be run by Tom Baker and Angela Baker, both formerly with GE Capital / HPSC. Lastly, the firm opened a new Los Angeles, California office which will be run and managed by Michael and Penny Healy
QuickTrak , Beaverton, Oregon (04/06) Celebrates 15 years
http://www.leasingnews.org/archives/April%202006/04-03-06.htm#qt
(11/05) QuikTrak Board of Directors unanimously voted to place Matt Hennessee on indefinite administrative leave status from his position as president, CEO and director. No one has heard the full story or from Mr. Hennessee about the newspaper story. (11/05) Matt Hennessee, President and CEO, also an active pastor, civic leader, is accused of sex abuse in the “Oregonian” newspaper.
Unicyn Financial Companies , Closter, New Jersey (04/06) A 26 year independent lessor is acquired by Resource America's Leaf Financial.Unicyn provides equipment and practice acquisition financing as well as debt consolidation loans to the healthcare market. The acquisition includes both a portfolio of small ticket leases and loans bought on behalf of LEAF's investment partners and numerous vendor finance relationships as well as a team of experienced origination personnel. After this acquisition, LEAF will manage approximately $475 million of finance assets for its own account, institutions and third party investors. As a result of this transaction LEAF is able to expand its coverage of the healthcare space by providing unique and competitive funding solutions in the medical, dental and veterinary segments of the market.
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News Briefs----
Budget deficit may drop this year
http://seattletimes.nwsource.com/html/nationworld/2003114873_economy09.html
US #1 World's Wealthiest Banks
http://www.hindu.com/thehindu/holnus/001200607082171.htm
Pirates' hoist box-office take to new record
http://www.accessatlanta.com/news/content/movies/stories/0710pirates.html
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You May have Missed---
The death of e-mail?
http://newsblogs.chicagotribune.com/news_columnistswischlist/2006/07/
the_death_of_em.html
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Sports Briefs----
Italy Defeats France in Penalty-Kick Shootout
http://www.nytimes.com/2006/07/09/sports/soccer/10cupcnd.html?hp&ex=
1152504000&en=716037ded7f4cc6e&ei=5094&partner=homepage
Federer Defends Turf for Fourth Title
http://www.nytimes.com/2006/07/10/sports/tennis/10tennis.html
Immelman Gets 1st PGA Win at Western Open
http://www.nytimes.com/aponline/sports/AP-GLF-Western-Open.html
Moss had looked forward to playing with Vick
http://sports.espn.go.com/nfl/news/story?id=2513308
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“Gimme that Wine”
California Central Coast Wine Classic, July 13-16
Shell Beach---San Simeon---San Luis Obispo
Dinner at Hearst Castle will be held Thursday, July 13, and will be presented by world-renowned chefs of the Relais & Chateaux Relais Gourmands organization, Michel Richard of Citronelle in Washington D.C., Charlie Palmer of Charlie Palmer's in New York, and Christophe Bellanca of L'Orangerie in Los Angeles.
http://www.centralcoastwineclassic.org/
Tawny time
Portugal's aged tawny Port is accessible, affordable and ready to drink now
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/07/06/WIGE3JM6U51.DTL
Winemakers get help from the EU to stay competitive
European wines — mainly from France, Italy and Spain, still account for 65 percent of the world's production and 57 percent of its consumption.
http://seattletimes.nwsource.com/html/businesstechnology/2003114681_wine09.html
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas/\
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
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Calendar Events This Day
Bahamas: Independence Day: Anniversary
Public Holiday. At 12:01am in 1973 the Bahamas gained their independence after 250 years as a British Crown Colony.
Clerihew Day
A day recognized in remembrance of Edmond Clerihew Bentley, journalist and author of the celebrated detective thriller “Trent's Last Case(1912), but perhaps best known for his invention of a popular humours verse from the clerihew.
The clerihew is a four-line poem with a rhyming scheme of AABB. The first line traditionally is, or ends in, a person's name; the meter is often mangled, if not ignored altogether; and the overall intent of the poem stresses entertainment over instruction, humor over fact.
The term "clerihew" comes from
Here is one of Bentley's original clerihews from this period:
Sir Humphrey Davy
Abominated gravy.
He lived in the odium
Of having discovered sodium.
A modern one:
The enemy of Harry Potter
Was a scheming plotter.
I can't tell you what he's called; I'd be ashamed
To name "he who must not be named."
About Bentley:
Edmund's middle name was Clerihew
A name possessed by very few, But verses by Mr. Bentley Succeeded eminently.
Bentley was born at London, July 10, 1875 and died their, March 30, 1956.
Don't Step on a Bee Day
Wellcat Holidays reminds kids and grown-ups that now is the time of year when going barefoot can mean getting stung by a bee. If you get stung, tell Mom. wwww.wellcat.com
International town Criers Day.
A day recognizing the ancient and honorable art and tradition of town crying and the significant contribution town criers make to promoting their respective towns and cities. Annually, the second Monday in July.
Teddy Bear's Picnic Day
Wyoming: Admission Day. Anniversary.
Became 44th state in 1890
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Today's Top Event in History
1925-The famous 'Scopes Monkey Trial' began in Dayton, TN, after high school biology teacher John T. Scopes, 24, was charged with teaching evolution to his students.
http://www.dimensional.com/~randl/scopes.htm
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This Day in American History
1795-President George Washington issued the first “presidential amnesty”, extending a full pardon to participants in the Whiskey Rebellion who were willing to sign an oath of allegiance to the United States. This is studied in school as it was not only about a 25% tax imposed on whiskey, but defined the relationship and powers of the federal government and individual states.
http://wa.essortment.com/whiskeyrebellio_rzjj.htm
http://www.whiskeyrebellion.org/rebell.HTM
1834-Birthday of James Abbott McNeill Whistler, American painter ( especially known for painting of his mother ), born at Lowell, MA. Died at London, England, July 17,1903. When a woman declared that a landscape reminded her of Whistler's paintings, he reportedly said,” Yes, madam. Nature is creeping up.”
http://sunsite.dk/cgfa/whistler/
1851- California Wesleyan College was chartered in Santa Clara, under sponsorship ofthe Methodist Church. In 1961 its name was changed to the University of the Pacific.
http://www.cho.ci.santa-clara.ca.us/41036.html#PartVI
1862-the first Medal of Honor to a Marine was presented to Sergeant John Freeman Mackie by Commander Henry Rolando under authorized of General Order No.17. During the attack on Fort Darling at Crewrys Bluff, James River, VA, on May 15, 1862, Mackie rallied the Marine Guard on the U.S.S. Galena after the entire 3 rd Division was killed or wounded. He cleared the deck and resumed the action without awaiting orders. “ As enemy shellfire raked the deck of his ship, Corporal Mackie fearlessly maintained his musket fire against the rifle pits along the shore and, when ordered to fill vacancies at guns caused by men wounded and killed in action, manned the weapons with skill and courage". Died, 1910.
http://www.homeofheroes.com/moh/citations_1862_cwh/mackie_john.html
full story:
http://www.mca-marines.org/leatherneck/mackiearch.htm
1866-Edson P. Clark of Northampton, MA obtained a patent for an indelible pencil. It had a “filling composed of silver, black lead, calcined gypsum and lamp-black or asphaltum” that was shellacked to the groove in the wood.
a : that cannot be removed, washed away, or erased b : making marks that cannot easily be removed <an indelible pencil>
1869-Birthday of John Arnold Heydler, baseball executive born at Lafargeville, NY. Heydler was president of the National League from 1918 to 1934. He helped to found the Baseball Hall of Fame and, in 1929, suggested a rules change that became known as the designated hitter. Died at San Diego, CA, April 18,1956.
1875-birthday of African-American educator Mary McLeod Bethune, Mayesville, South Carolina. 1875-Birthday of the great Mary McLeod Bethune. In 1904, with $150 of her own money, she opened the Daytona Normal and Industrial Institute for Negro Girls in Daytona Beach, Florida, with five girls paying 50 cents a week... in those days a lot of money for families steeped in poverty. In less than two years, she had 250 pupils, and within 12 years, eight buildings. Most of the pupils were girls because she knew from experience that girls were held back from improvement by not only the white culture but also the Black patriarchy. . She haunted the trash sites for broken furniture that could be repaired enough to be used by those who had nothing. She used charcoal sticks because there was not money for pencils. She tramped the bypaths of the Daytona countryside for any sort of materials. It was a feat that gained her world-wide attention for she taught her girls to be fine human beings as she educated them far better than most girls of her era could ever dream of. In 1936 she was appointed Director of the Division of Negro Affairs of the National Youth Administration. She was a close friend of Eleanor Roosevelt, which enabled her to act as a special adviser to President Roosevelt. She was an official observer for the U.S. at organizational meetings of the United Nations. She founded the National Council of Negro Women, served as president of the National Association of Colored Women, and the Florida Federation of Colored Women, and was vice- president of the NAACP 1940-1955. For 30 years she was the most influential Black person in the nation, advocating education as the way out of poverty and prejudice - especially for Black women. Her philosophy was conciliation rather than confrontation, urging Blacks to become active in politics as the one sure way of progress. Her influence went beyond just committee meetings and schools. She was a symbol - a first - that marched first into the White House, the first into luncheon meetings, the first into government hearings - the first black person to take a majory role stage in U.S. politics.At nine, she picked 250 pounds of cotton a day. She finally learned to read when a school for blacks opened about five miles away. Being the youngest and the one who could be spared from the fields, she walked both ways and taught other members of her family at night. When Mary Crissman, a white Denver, Colorado, dressmaker, offered to pay for the education of a worthy girl, Mary was chosen. No more worthy a student could have been chosen. MMB shared her education with other black children by teaching school in several locations and then after marriage settled in Daytona Beach, where a large black population stayed after the building of the railroad into Florida. In 1923 her school was amalgamated with a Black men's college from Jacksonville, Florida, and became the Bethune- Cookman College in Daytona. She was the president until 1942 and then president emeritus until 1947. Under her direction the enrollment exceed 1,000 and attained full accreditation.
http://www.lkwdpl.org/wihohio/beth-mar.htm
http://www.usca.sc.edu/aasc/bethune.htm
http://tps.cr.nps.gov/nhl/detail.cfm?ResourceId=1428&ResourceType=Building
http://women.eb.com/women/articles/Bethune_Mary_McLeod.html
1885-Mary O'Hara birthday - U.S. novelist and screenwriter whose My Friend Flicka (1941) was a runaway best seller. It also became a very popular movie as did several of her other books. As a screenwriter, her most noted film adaptation was that of Prisoner of Zenda. Leaving Hollywood, she ran a dairy farm in Wyoming single- handed.
http://www.library.georgetown.edu/dept/speccoll/cl166.htm
1890- Wyoming became the 44 th state. After the adoption of the constitution, Wyoming became the first state to grant voting rights to women. Women had vote din Wyoming from the beginning of its existence as a territory. The first territorial legislation extended the vote to women on December 10, 1869. The 44th state was named after an Algonquin Indian word meaning ‘large prairie place'. The Indian paintbrush that covers much of the large prairie is the state flower and the meadowlark, frequently seen circling the prairie land, is the state bird. Another Indian term, Cheyenne, is also the name of the state capital. Wyoming is called the Equality State because it is the first state to have granted women the right to vote (1869).
http://www.state.wy.us/
1886- Captain George Wellington Streeter's scow, the "Reutan" ran aground on a sandbar in Lake Michigan on the Chicago waterfront. The wreck caused the sandbar to grow, marshland filled it in, & Streeter proclaimed it a free district open to the poor, homeless, tramps, etc.
http://www.wikipedia.org/wiki/Captain_George_Streeter
http://virtualchicagoland.com/c/details.php?id=755
http://condor.depaul.edu/~lincoln/dischi/ashore.html
1889-birthday of songwriter, bandleader Noble Sissle, Indianapolis, IN
http://www.redhotjazz.com/sissleio.html
http://www.jass.com/sissle.html
http://www.redhotjazz.com/sissleandblake.html
1905- singer Ivie Marie Anderson birthday. She was discovered in the famed Cotton Club revues in Harlem and became the featured singer with the Duke Ellington band 1931-42.
http://www.aaregistry.com/african_american_history/638/
The_Voice_of_Ellington_Ivie_Anderson
http://www.musicweb.uk.net/jazz/2001/Dec01/ebony.htm
1907-birthday of guitarist Blind Boy Fuller (Fulton Allen), Wadesboro, NC
http://www.geocities.com/BourbonStreet/Delta/2541/blbboyf.htm
http://www.allmusic.com/cg/x.dll?p=amg&sql=B342
http://www.yazoorecords.com/1060.htm
http://www.bobdylanroots.com/bbfuller.html
http://members.aol.com/Trucknlittlemama/bbfhms.htm
1913 - The mercury hit 134 degrees at Greenland Ranch in Death Valley, CA, the hottest reading of record for the North American continent. Sandstorm conditions accompanied the heat. The high the previous day was 129 degrees, following a morning low of 93 degrees.
1915-Pianist/Organ player Milt Buckner birthday
http://www.spaceagepop.com/buckner.htm
1923- Jean Kerr birthday, U.S. playwright and humorist. She became a best selling author with Please Don't Eat the Daisies (1957). Died January 7,2003
http://www.playbill.com/news/article/77193.html
http://www.quotationspage.com/quotes/Jean_Kerr/
1925-The famous 'Scopes Monkey Trial' began in Dayton, TN, after high school biology teacher John T. Scopes, 24, was charged with teaching evolution to his students.
http://www.dimensional.com/~randl/scopes.htm
1926-Lightning set off an ammunition magazine in Northern New Jersey, causing a red ball of fire and triggering a series of explosions destroying all buildings within 1/2 mile radius. debris from the explosion fell as far as 25 miles away. 16 people were killed and property damage set at $70 million
1929- the dollar bill actually got smaller as $823 million bills were printed to replace the older large-size currency; $4,997 million was in circulation.
http://www.bep.treas.gov/document.cfm/18/106
http://www.ginniemae.gov/homezone/brainfood/coolfacts.html
in addition to the above, for more trivia, the size of computer cards, used by IBM and others came about due to the size of dollar boxes that the inventor Hollerith used for his machine to calibrate the census ( the US was growing so fast that by the time the census was completed, often four to five years or longer with many errors, so a tabulating machine was used invented by Hollerith, which lead to other computing type machines. The card measures 3.25 by 7.375 inches, the same size as the 1887 US paper currency because Hollerith used Treasury Department containers as card boxes (US banknotes were reduced in size by about 20% to their present dimensions in 1929).
http://www.columbia.edu/acis/history/hollerith.html
1933- the first police radio system connecting headquarters to patrol cars, and from patrol cars to other patrol cars, was installed in Eastchester Township, NY. The car were placed in operation on July 10 and were under the direction of Sergeant William E. Robinson.
1933-birthday of vocalist Jumpin' Gene Simmons, Tupelo, MS
http://www.countrymusicplanet.com/gene.htm
http://www.rockabilly.nl/lyrics2/h0053.htm
http://rocker99.rockabilly.nl/artists/gsimmons.htm
1934-In baseball's second All-Star game, National League pitcher Carl Hubbell of the New York Giants struck out Babe Ruth, Lou Gehrig, Jimmie Foxx, Al Simmons and Joe Cronin in succession. All five were later inducted into the Hall of Fame. Hubbell gave up only two hits in three innings, but the American League won the game, 9-7.
1936 - Afternoon highs of 112 degrees at Martinsburg, WV, 109 degrees at Cumberland, MD, and Frederick, MD, 110 degrees at Runyon, NJ, and 111 degrees at Phoenixville, PA, established all-time record highs for those four states. It was the hottest day of record for the Middle Atlantic Coast Region.
1936- 111ø F (44ø C), Phoenixville, Pennsylvania (state record)
1936 - Billie Holiday recorded "Billie's Blues" for Okeh Records, along with Bunny Berigan, Artie Shaw and Cozy Cole.
http://www.heptune.com/billiesb.html
http://www.amazon.com/exec/obidos/ASIN/B000001NKA/recommendedrea06/
102-8917386-9557756
http://www.billie-holiday.net/intro.html
http://www.duke.edu/~miness/index.htm
http://www.billieholidaycircle.freeserve.co.uk/
http://www.geocities.com/SunsetStrip/Amphitheatre/2964/Billie.html
http://www.vervemusicgroup.com/grp/product.asp?pid=9125
1936-Outfielder Chuck Klein of the Philadelphia Phillies became the fourth player in major-league history to hit four homes runs in one game. He completed the feat in a 10-inning game against the Pittsburgh Pirates in Forbes Field. The Phillies won, 9-6.
1938-birthday of trumpet player Lee Morgan, Philadelphia, PA, Died 19,1972
http://members.tripod.com/~hardbop/mogie.html
http://blackhistory.eb.com/micro/726/95.html
http://www.fsinet.or.jp/~lee/lee/leebio.htm
http://www.jpc-music.com/5556805.htm
http://www.fsinet.or.jp/~lee/lee/leemorgn.htm
1941-Trumpeter Bobby Hackett joins the Glenn Miller Band (String of Pearls and many other “historic” jazz solos, also a great Dixieland trumpet player, plus was featured in the great Jackie Gleason Orchestra recordings. Outstanding.).
http://www.libertyhall.com/bobby.html
http://www.spaceagepop.com/hackett.htm
http://www.landing.com/profiles/hackett.htm
Jelly Roll Morton birthday
Died July 10,1941
http://www.redhotjazz.com/jellyroll.html
http://www.doctorjazz.freeserve.co.uk/page10.html
http://www.jazzitude.com/morton.htm
http://www.canehdian.com/non/artists/m/jellyrollmorton/biography.html
http://www.geocities.com/infrogmation/Morton.html
http://www.southernmusic.net/jellybio.htm
http://www.redhotjazz.com/jrmtrio.html
http://www.pbs.org/jazz/biography/artist_id_morton_jelly_roll.htm
1941— Normally we only salute birthdays, but since the Library of Congress notes this, we also note the death of pianist and composer Jelly Roll Morton, who claimed he invented jazz, died in Los Angeles at age 50. Morton, born Ferdinand La Menthe in New Orleans, who claimed he invented jazz. Whether he did or did not, he was the first jazz composer to put his works down on paper. Among the jazz classics that flowed from Morton's pen were "Jelly Roll Blues," "Wolverine Blues" and "King Porter Stomp." Morton's peak years of popularity were from 1917 to 1922, when his Red Hot Peppers Band played college and hotel dates and recorded for the Victor company. But with the coming of the swing era in the 1930's, Morton's combination of ragtime and blues was considered old-fashioned. He recorded his music and his life story for the Library of Congress three years before his death.
http://memory.loc.gov/ammem/today/jul10.html
1943- “Operation Husky” began, the Allied infantry attack on Italy, on the island of Sicily. The British entry into Syracuse was the first Allied success in Europe. General Dwight D. Eisenhower, the Allied Commander in Chief, described the invasion as “the first page in the liberation of the European Continent.”
1943-birthday of tennis legend Arthur Ashe, also the first African-American renown tennis player. He was chosen for the US Davis Cup team in 1963 and became captain in 1980. He won the US men's singles championship and US Open in 1968 and in 1975, the men's singles at Wimbledon. Ashe won a total of 33 career titles. In 1985 he was inducted into the International Tennis Hall of Fame. A social activist, Ashe worked to eliminate racism and stereotyping. He helped create inner-city tennis programs for young and wrote the three-volume “ A Hard Road to Glory: A History of the African-American Athlete.” Aware that USA Today intended to publish an article revealing the he was inflected with the AIDS virus, Ashe announced, April 8, 1992, that he probably contracted HIV through a transfusion during bypass surgery in 1983. He began fund raising activities and during his last years, campaigned for public awareness regarding the AID epidemic.
http://www.nytimes.com/learning/general/onthisday/bday/0710.html
http://xroads.virginia.edu/~UG97/monument/ashe.html
http://www.arthurasheinstitute.org/
1947- singer Arlo Guthrie was born in Coney Island, New York, the eldest son of famed folk singer Woody Guthrie. Arlo is best known for the underground favorite, "Alice's Restaurant," released in 1967, and the 1972 hit "City of New Orleans." One of Arlo Guthrie's first professional appearances was on the CTV network show "Let's Sing Out" in 1966.
http://www.arlo.net/
http://www.newberkshire.com/adg.html
1951---Top Hits
Too Young - Nat King Cole
Mister and Mississippi - Patti Page
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
I Want to Be with You Always - Lefty Frizzell
1954- New York radio station WINS announced the hiring of pioneer rock disc jockey Alan Freed to be the host of their "Rock 'n' Roll Party." As he did on his earlier "Moondog's Rock 'n Roll Party Show" on WJW in Cleveland, Freed programmed records by black R'n'B artists that many white teenagers had never heard before. Freed is often credited with coining the term rock 'n' roll.
http://www.alanfreed.com/biography.html
1959---Top Hits
Lonely Boy - Paul Anka
Dream Lover - Bobby Darin
Bobby Sox to Stockings - Frankie Avalon
The Battle of New Orleans
1961-Tossin' and Turnin'" by Bobby Lewis topped the charts and stayed there for 7 weeks.
1962 - The "Telstar" communications satellite was successfully launched from Cape Canaveral, FL. "Telstar" would usher in a new age of communication via telephone and TV, with voice and picture transmission from Europe to America and back. Signals were picked up by a 38-ton antenna in Andover, Maine. To commemorate the event, an instrumental hit by the Tornadoes, an English surf-rock group, made it to number one for three weeks in November, 1962. It was titled, "Telstar", of course.- Johnny Horton
1962-Democratic National Convention (July 10-14) nominated Senator George S. McGovern of South Dakota and Senator Thomas F. Eagleton of Missouri for vice-president. On July 25 Eagleton confirmed rumors that he had received psychiatric treatment three times from 1960 to 1966 for nervous exhaustion and fatigue. On July 31, Eagleton withdrew from the campaign. On August 8, R. Sargent Shriver, former head of the Peace Corps, succeeded Eagleton on the ticket. Richard M. Nixon went on the win the greatest Republican landslide in history with Spiro T. Agnew reelected vice president. The electoral vote was Nixon, 521; Senator George S. McGovern, 17. The popular vote was Nixon 45,767,218 to McGovern 28,357,668. The landslide victory of President Richard M. Nixon was interpreted by some as a vote of confidence in the Nixon administration's polices; however, in 1963, the Watergate incidence brought about an investigation and call for copies of the tapes of conversation. In August, Vice-President Spiro T. Agnew revealed he was under investigation in connection with official corruption in Maryland that took place when he served as Baltimore County executive and governor of Maryland, including payments brought to his at his desk at the White House. By the year's end, his administration was in deep trouble and Nixon was under great pressure by those in his cabinet to resign.
1965 - The Rolling Stones, who took their name from a Muddy Waters song, hit the top spot on the "Billboard" chart. It was their first time at the top Satisfaction", stayed at number one for 4 weeks. Considered by many to be the greatest rock band in the world, "Satisfaction" remains the Stones' signature.
1967---Top Hits
Windy - The Association
Little Bit o' Soul - The Music Explosion
Can't Take My Eyes Off You - Frankie Valli
All the Time - Jack Greene
1967- Kenny Rogers and several other members of the New Christy Minstrels quit to form the First Edition. The new group received their first national exposure on the Smothers Brothers TV show, and went on to have such hits as "Just Dropped In (To See What Condition My Condition Was In)" in 1968, "Ruby, Don't Take Your Love to Town" in 1969 and 1971's "Something's Burning." Kenny Rogers began his solo career in 1974.
http://www.delafont.com/music_acts/Kenny-Rogers.htm
1968- guitarist Eric Clapton announced the breakup of Cream, the power rock trio he had formed with bassist Jack Bruce and drummer Ginger Baker. Cream played a farewell concert in London in November, and Clapton and Baker then formed the short-lived Blind Faith.
http://www.claptononline.com/
1975---Top Hits
Love Will Keep Us Together - The Captain & Tennille
The Hustle - Van McCoy & The Soul City Symphony
Listen to What the Man Said - Wings
Lizzie and the Rainman - Tanya Tucker
1975- after being married for only ten days, Cher petitioned for divorce from Greg Allman.
http://www.epiccenter.com/greggallman/
1980- Ayatollah Khomeini releases Iran hostage Richard I Queen, US Vice-consul, due to his illness.
1976-"Afternoon Delight" by the Starland Vocal Band topped the charts and stayed there for 2 weeks.
1980 - The temperature in downtown Kansas City, MO, hit 109 degrees, following a sultry overnight low of 89 degrees. The daily low of 89 degrees was the warmest of record for Kansas City, and overall it was the hottest July day of record. It was the seventh of a record seventeen consecutive days of 100 degree heat, and the mean temperature for the month of 90.2 degrees was also an all-time record for Kansas City.
1983---Top Hits
Every Breath You Take - The Police
Never Gonna Let You Go - Sergio Mendez
Too Shy - Kajagoogoo
Highway 40 Blues - Ricky Skaggs
1985 - The Coca-Cola Company announced that the former (regular) Coke was coming back to share shelf space with the New Coke, after a consumer furor. The original formula was renamed Coca-Cola Classic.
1986- Grateful Dead lead guitarist Jerry Garcia lapsed into a diabetic coma in Greenbrae, California. He recovered, and was released from hospital three weeks later - on his 44th birthday.
1989-One of the northeast's largest severe weather outbreaks with at least 15 tornadoes.1989 - Severe thunderstorms spawned seventeen tornadoes in the northeastern U.S. A powerful (F-4) tornado struck Hamden CT and New Haven, CT, causing 100 million dollars damage at Hamden, and another 20 million dollars damage around New Haven. Forty persons were injured in the tornado. Seventy persons were injured in a tornado which traveled from Watertown, CT, to Waterbury, CT, and another powerful (F-4) tornado touched down near Ames NY injuring twenty persons along its 43.5 mile track. It was the strongest tornado of record for eastern New York State. An F3 tornado ripped through Montgomery, Schoharie, Albany and Greene counties in New York causing $20 million in damage and injuring 20 people. Another F3 tornado nearly wiped out the town of Bantam, CT. $100 million damage was done by another tornado, rated an F4 over Hamden, CT. Other tornadoes struck New York City, northern New Jersey, central and eastern Massachusetts Oxford, CT had over 4.4 inches in just 30 minutes from the same complex that spawned the tornadoes in New York and Connecticut. That complex in the first 5 hours produced well over 12,500 lightning strikes
1991---Top Hits
Rush, Rush - Paula Abdul
Unbelievable - EMF
Right Here, Right Now - Jesus Jones
Don't Rock the Jukebox - Alan Jackson
1991-President George Bush lifted US trade and investment sanctions against South Africa. The sanctions had been imposed through the Comprehensive Anti-Apartheid Act of 1986, which Congress had passed to punish South Africa for policies of racial separation.
1993-"Weak" by SWV topped the charts and stayed there for 2 weeks.)
1998 - "Lethal Weapon 4" premiered, garnering $34.05 box-office bucks its opening weekend. Martin Riggs (Mel Gibson) and Roger Murtaugh (Danny Glover) are on the hit list of the nasty Chinese Triads. Riggs and Murtaugh are helped(?) by Leo Getz (Joe Pesci) and Lee Butters (Chris Rock). Lorna Cole (played by Rene Russo) is Riggs' sweetie this time around.
1999 -The Yankees' winning streak of 124 consecutive games when they led entering the ninth ends as pinch-hitter Matt Franco singles off Mariano Rivera giving the Mets a dramatic come-from-behind Subway Series inter-league victory, 9-8.
2001 -In his final All-Star appearance, Cal Ripken is named the MVP of the game. His home run along with consecutive dingers from Derek Jeter and Magglio Ordonez power the AL to its fifth victory in a row beating the National League at Seattle's Safeco Field, 4-1.
2002 -Bobby-Jo Williams Ferrell, Ted Williams' oldest daughter, in an open letter urges former Senator John Glenn and President Bush to help in preventing her half-brother, John Henry, from freezing the body of their dad at a cryonics lab in Arizona. She believes it her father's wish to be cremated and not frozen.
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Baseball Poem
Biographical Note
In the first game of a twi-night
double-header,
July 10, 1947,
recovering alcoholic
Donald P. Black
of the Cleveland Indians,
only moments before
I slid safely into
the world,
fired a final
belt-high heater
that rookie
Ferris Burrhead Fain
waved goodbye to for a no-hit,
no-run game,
rode the shoulders
of his team
into the dugout,
and disappeared
into the brightest bars
in the city forever.
Written by Jeff Worley
Line Drives
“100 Contemporary Baseball Poems,”
edited by Brooke Horvath and Tim Wiles
published by Southern Illinois University Press
[headlines]
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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