| 
 
          
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                 Seeking  originators with 5+ years small ticket and/or middle market  experience and with established
 customer and vendor  relationships. Remote
 office and on site positions are available.
  Please  send resumes to: jobs@teqlease.com Attn:  Mike Lockwood or Russ Runnalls CLP
 www.TEQlease.com
 
 |  
 Tuesday, June 1, 2010  
 
 
        
          | Heidi  Samuel born June 1, 1973 better known by her birth name Heidi Klum,  is a German American model, actress, television host, business woman,  fashion designer, television producer, artist, and occasional singer.  She is married to English singer Seal. In December 2004, she became  the host, judge and executive producer of the reality show Project  Runway on  the U.S. cable television channel Bravo, (airing on Lifetime  television beginning in 2009) in which fashion designers compete for  the opportunity to show their line at New  York Fashion Week and receive money to launch their own fashion line. She received an  Emmy Award nomination for the show for each of the first four  seasons. |  Headlines---
    Classified  Ads---Sales ManagerThe  problem with Puget Sound Leasing
 is  First Sound Bank
 LEAF  running out of gasoline?
 by  Christopher Menkin
 Placard---President  Obama
 Top  Stories --- May 24-28
 Classified  Ads---Help Wanted
 Leasing  102 by Mr. Terry Winders, CLP
 Prepayment  for Equipment
 Barry  Marks Seeks Your Response
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 Bank  Beat---Tygris’s EverBank Claims 3 More
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        The  problem with Puget Sound Leasingis  First Sound Bank
 by  Christopher Menkin
 
  
 (This  is a synopsis of a complicated story and supportive articles and  documents with details are available at the end for those seeking  more definitive information.)
 Competitors  of Puget Sound Leasing (PSL), Bellevue, Washington have been  questioning why the company is not on the "no longer doing  business with brokers/discounters" list and why haven't other  news concerning the company appeared in Leasing News.  The leasing  company has been struggling, but the problems do not come from the  staff, but from its parent: First Sound Bank. It  started the end of 2008 as other leasing companies from Balboa to  Pentech and others were exciting the brokers’ marketplace and the  financial market had hit leasing companies. Leasing News reported  from deep inside that Louis Secord, Jr. was escorted from a bank  board of directors meeting of First Sound Bank, Seattle, Washington. What  happened next was January 14, 2009  First Sound filed suit in federal  court for fraud and breach of contract in connection with its  "...March 1, 2008 purchase of certain assets from Puget Sound  Leasing Co., Inc. The defendants to the suit are the sellers of the  assets: Larasco, Inc. (the business formerly known as Puget Sound  Leasing Co., Inc.) and its owners, Richard Secord and Louis Secord."         Secord  was one of the founding directors along with his former accountant,  who also was on the board, and insiders told Leasing News this was a  divorce where the bank would not win.  Legal experts from John Deane,  The Alta Group, Bob Teichman, CLP, Leasing News Advisory Chairman,  Rob Yohe (who had represented the Secords in discounting  portfolio's), and many others, as well as a host of up to 25  attorneys and 14 banks got involved regarding what Louis Secord  described in his defending statement " Between 2001 and 2008,  PSL received anywhere from 2500 to over 6,500 lease applications each  year. Of these applications, only approximately 50-60% were approved  by PSL and approximately 40% were actually carried through to funding  by the lessee and lease agreement executed ...through March, 2008."   First Sound involved Wells Fargo and other banks, afraid or  representations and warrants. The  major complaint was that the loss ratio as stated by the sellers was  not "accurate."  The Secords said any change was due to the  economy and the bank was taking this position due to its other  problems, primarily in real estate loans.  The bank accused the  Secords of hiding assets, money, planning to flee the country, and  insiders said for years Secord had been buying vintage Corvettes and  storing them away as well as other property and they would never get  him.  The bank came back with 12 employees talking about Evergreen  Clauses (extending leasing payments to lessees without their  knowledge, legal in Washington), using security deposits for the  extra payments (legal as part of an Evergreen clause), changing  residuals (perhaps legal as part of a Winter Green or Evergreen  clause) and applying these payments to the leases instead of  reporting them  as delinquent. Both sides had experts on this practice. Ethics was  not the discussion, but business practices in the entire leasing  industry and what is legal and what is not legal.  Much of the  testimony in the  depositions would be quite eye opening to lessees, but common  knowledge to those with experience in the small ticket marketplace  (perhaps practiced by many more lessors than the industry would like  to make public.) Dates  for a settlement or a trial were extended, with the last date  scheduled for May 17th, the postponed to June 1st, but on April 27th  Larasco, the corporation who owned Pugent Sound Leasing and sold it to  the bank declared bankruptcy and asked for an extension, but the  court said, “All the remaining claims by and against Defendant  Larasco, Inc. and the individual defendants are STAYED only as to  Larasco, Inc. The remaining claims will proceed as set forth in the  pretrial order, docket no. 424, commencing on June 1, 2010, at  9:00am. The individual defendant’s bankruptcy attorney Gayle Bush  notified the Court that the individual defendants may file for  bankrtupcy protection prior to the start of the trial. The Court  directs the individual defendants to provide notice to the Court and  to the  other parties in the event they file for bankruptcy protection." Add to  this the FDIC on April 13, 2010 informed First Sound Bank "...  that the Bank's Capital Restoration Plan was unacceptable; WHEREAS,  the condition of the Bank continues to deteriorate; WHEREAS,  the management of the Bank has not demonstrated the ability to return  the Bank to a safe and sound condition; WHEREAS,  the deteriorating condition of the Bank and the inability of the  management of the Bank to return it to a safe and sound condition  require that prompt corrective action be taken immediately..." "IT  IS HEREBY DIRECTED, that within 30 days of the effective date of this  Directive, the Bank shall take one or both of the following actions  to recapitalize the Bank: 1.	The  Bank shall sell enough voting shares or obligations of the Bank so  that the Bank will be adequately capitalized after the sale; and/or 2.	The  Bank shall accept an offer to be acquired by a depository institution  holding company or to combine with another insured depository  institution; FURTHER  DIRECTED, that during the period this Directive is in effect, the  Bank shall not accept, renew or rollover any brokered deposits as  defined in Section 337.6(a)(2) of the FDIC Rules and Regulations,  12 C.F.R. § 337.6(a)(2); FURTHER  DIRECTED, that during the period this Directive is effective, the  Bank shall restrict the interest rates that the Bank pays on deposits  to comply with the interest rate restrictions in Section 337.6 of the  FDIC Rules and Regulations, 12 C.F.R. § 337.6; FURTHER  DIRECTED, that during the period this Directive is in effect, the  Bank shall not permit its average total assets during any calendar  quarter to exceed it average total assets during the preceding  calendar quarter." There  were other conditions applied and a copy of the FDIC Directive  follows the article. From  the FDIC Institution Directory filings: First  Sound Bank went from 76 full time employees March 31, 2009 to 50 full  time employees, March 31, 2010. Equity in the bank dropped from $27.7  million to $5.1 million.  The bank March 31, 2009 lost $37,000 and  March 31, 2010 $1.16 million, with non-current loans going from $16.5  million to $30.7 million.  Net charges offs were $3,789,000.  There  appears to be $548,000 in "lease finance receivables" which  would make $632,000 in lease finance receivable charge  offs, but the highest charge offs in "commercial and industrial  loans" $3 million, with $97,000 loss in construction and land  development. Tier 1 risk-based capital ratio: 2.96%. This  bank will more than likely appear in a Bank Beat column in June.   Whether the Secords file bankruptcy and postpone the trial for an  assuming bank and FDIC to resolve or the FDIC to resolve or settle or how  many appeals may be made by any of those in the suit is not known at  this time.  In the meantime, what happens to Puget Sound Leasing  depends on what happens to First Sound Bank.  In this case,  no news is good news. LARSASCO  BK Filing: http://leasingnews.org/PDF/Larsaco%20Response.pdf
 
 FDIC  First Sound Bank Directive:http://leasingnews.org/PDF/First_Sound_Bank.pdf
 Articles  and supportive footnotes/documentation:http://www.leasingnews.org/Conscious-Top%20Stories/pugent.htm
 
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        LEAF  running out of gasoline?by Christopher Menkin
 
  
 Despite  a late Friday press release, without the actual SEC filing which most  likely will have more details, LEAF announced:         "--LEAF  Financial Corporation, the commercial finance subsidiary of Resource  America, Inc. (NASDAQ: REXI), announced today two securitization  transactions: LEAF Receivables Funding 2, LLC, Equipment Contract  Backed Notes, Series 2010-1 ("LEAF 2010-1"), which was  completed on May 20, 2010 and LEAF Receivables Funding 3, LLC,  Equipment Contract Backed Notes, Series 2010-2 ("LEAF 2010-2"),  which closed on May 27, 2010. 
 "Through  LEAF 2010-1, on behalf of an affiliate that it manages, LEAF  securitized approximately $90 million of leases, term funded by the  issuance of Contract Backed Notes. Through LEAF 2010-2, on behalf of  an affiliate, LEAF securitized approximately $120 million of leases,  term funded by the issuance of Contract Backed Notes. Guggenheim  Securities, Inc. was the arranger and initial purchaser of the notes  in both securitizations and LEAF will continue to be the servicer for  the assets in both transactions. In connection with LEAF 2010-2, LEAF  paid off in full and terminated its credit facility with PNC Bank,  NA. "          The  May 6, 2010 press release noted:         "At  March 31, 2010, borrowings include $96.5 million of borrowings under  a non-recourse credit facility at LEAF, $17.6 million of corporate  revolving debt, $13.5 million of senior notes, net of a discount, and  $16.9 million of other debt, of which $13.5 million is in mortgage  debt secured by the underlying properties."          An  email was sent to Crit DeMent and Vice-President Marketing Bob Hunter  right after the announcement was received on Friday.  Perhaps  due to the long weekend, they had already gone for the holidays.         The  LEAF press release says that Leaf made (2) securitizations for a  total of $210 million. Part of that amount went to terminate the PNC  warehouse line. Does that mean LEAF no longer has a warehouse line to  work with? The PNC facility held about $100 million of leases. That  means they had to pull leases (at least $110 million) from other  portfolio lines to reach the $210 million number. By pulling leases  out of other bank line portfolios, which could have been LEAF  Specialty,  it freed up funding availability in those same lines  for more deals. Leaf now seems to have $110  million (less costs  and over collateralization needed for the securitizations) to use for  continuing business.         Or  is this assumption in correct that Leaf freed up funding availability  with their 2 recent securitizations. Of the $210 million number, $90  million plus went to payoff the Morgan/RBS line and at least $100  million plus went to payoff the PNC warehouse line. Both were in  breach of loan covenants as noted in SEC filings and had been amended  multiple times for extensions. The Morgan/RBS line was amended 11  times. The securitizations didn’t add funding capacity for Leaf’s  continuing business; it was a necessity to avoid loan defaults.    
 Does this mean LEAF is now operating without a  warehouse line? The question of funding capacity with their remaining  lenders, and other bank loans coming due, may be in question.
 An  insider told Leasing News the two securitizations were expensive.         The  current 10Q for Leaf 4 shows on page one losses of -$6.2 million;  page 11 charge offs of -$7.7 million and page 12 that the other  Morgan Stanley line for $150 million is coming due next month.   Is this to be part of this funding, or a new one in the works?         In  the LEAF press release, "LEAF will continue to pursue term  financing of leases for itself and its managed entities. Crit DeMent,  Chairman and CEO of LEAF Financial, said, 'We are very pleased to  have completed these securitizations and to finance these assets with  long term, match funding rather than through short term facilities.  These transactions demonstrate the confidence that both investors and  the rating agencies have in our business and greatly help to position  the company for future growth'."          DeMent  seems to be ignoring the previous SEC reports, but then, it appears  today to be a public relations spin, or will it all come together in  the next few months.  Also haven't heard any news on Dwight  Galloway and the LEAF Specialty, Columbia, South Carolina, who seems  to be left spinning in the wind.        
 Recent  Press Release:
 http://leasingnews.org/PDF/rai_leaf.pdf
 Leaf  4 SEC 8K:http://leasingnews.org/PDF/Leaf_4_10Q.pdf
 
 
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        Leasing Industry Help Wanted Sales 
          
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                 Interviewing Leasing Professionals With Proven Track Record and Established Book of Business.  Envision Provides: 1) Established Funding Sources, 2) Fun Working Environment, 3) Full Benefits (Health Insurance, 401k), 4) Aggressive Commission Structure. Resumes To: careers@envisioncapitalgroup.com, Contact: Jeff Edwards (949) 225-1712
  Envision Capital Group is dedicated to providing the best in class products and service to our employers, customers, vendors and partners in the small and middle ticket commercial finance industry.  With over 50 years of combined experience we have the knowledge, skills, abilities and relationships to help you reach your goals.  |  
          
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                We are looking for experienced business                   developmentprofessionals with established vendor /                   client
 contacts in general manufacturing                   equipment,
 road maintenance, material handling ,                   radio/TV broadcasting
 and other hard collateral.
 We                   have openings for in-house business development                   positions
 and Independent Sales   Associates.
 Contact or send resumes to: John Martella                   SVP800 800 8098 ext 5209 or direct: 248 743 5209
 jmartella@leasecorp.com
 
 
 |  
          
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                 Seeking  originators with 5+ years small ticket and/or middle market  experience and with established
 customer and vendor  relationships. Remote
 office and on site positions are available.
  Please  send resumes to: jobs@teqlease.com Attn:  Mike Lockwood or Russ Runnalls CLP
 www.TEQlease.com
 
 |  
  Please see our Job Wanted section for possible new employees. 
      [headlines]--------------------------------------------------------------
 
 
        Leasing  102by  Mr. Terry Winders, CLP
  
 Prepayment  for Equipment I have  heard many horror stories caused by leasing companies prepaying for  equipment prior to final delivery and acceptance. There are so many  things wrong with this it is hard to know where to begin. You should  have a policy that you never pay for equipment until all documents  have been signed including receiving a binder on the insurance. Many  lessor’s feel the pressure to comply with the vendors demands and  agree to do things on the “faith” that everything will proceed as  planned. I think this is like lighting the fuse and hoping to pull  the plug before the dynamite goes off. Usually  an upfront request for funding prior to delivery should raise some  warning signs. If the vendor needs up front money they may be in a  poor credit position or the equipment is special order and may be  limited use.  You should always question “why” prefunding is  necessary. It may be that the vendor needs to manufacturer the  equipment and if the customer fails to accept it they would have a  hard time. Whatever the reason you need to protect yourself by  investigating the equipment just as well as you investigated the  lessee’s credit. This is the best way to understand the risk you  are about to assume. If all  is well, and the vendor wants progress payments, it is wise to have  the lessee sign a promissory note for the amount of the advance. You  may even want collateral for the amount of the loan because if the  equipment is never delivered or accepted it may be the only way you  have to recover your advance. While you may have legal action against  the vendor it is costly and not always successful. The loan may be  paid off from the proceeds of the lease so it will not affect the tax  nature of the lease.  If you  are just advancing funds to the vendor (bad move) then you need to do  a “complete” credit review of the vendor/manufacturer. In  addition you need to have a strongly worded purchase order that  states your right to receive the funds back if the lessee does not go  forward with the deal. Such as: This  purchase order is given in reliance on your assurance that lessee has  selected the equipment described above and will accept the same on  delivery.  If lessee does not accept the equipment for any reason  what-so-ever, we shall have no obligation here under, and you shall  refund to us all prepaid sums (including taxes, transportation  charges and other charges) paid for or on account of the equipment. Clearly  a purchase order is necessary for all leased equipment to insure  proper title/ownership transfer plus a host of other issues in  addition to the statement that you will not have to pay for the  equipment if the lessee fails to accept same.         Over  the years I have seen lots of prepayment problems and caution you to  completely investigate the issues very carefully before accepting it.  Make sure you inform the lessee that you will be looking at them to  reimburse you if anything goes wrong and the best way to do that is  to have your attorney draft a binding agreement between all parties  so there is no misunderstanding. If the transaction is too small for  that then it is too small to take the risk.         Mr.  Terry Winders, CLP, has been a teacher, consultant, expert witness  for the leasing industry for thirty years and can be reached at  leaseconsulting@msn.com or 502-327-8666. He  invites your questions and queries. Previous  #102 Columns:http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm
 
  
    | Little Rock, Ark.
    Meet and learn from Mr. Terry Winders,     CLP Leasing #102 columnist     for Leasing News, long time educator and     trainer
 Sales and Operationsclick here for     course information and to     register
 
 June  9, 10, until Noon on the 11thLittle  Rock, Arkansas
 Hosted  by Arvest  Equipment Finance
 $395.00 Paid in Advance     for first person from company$345 with each     additional attendee
 "Certified Leasing     Professionals attending this seminar will earn     CPEs (Continuing Professional     Education) Credits toward their recertification"
 |   (This  ad is a “trade” for the writing of this column. Opinionscontained  in the column are those of Mr. Terry Winders, CLP)
 
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        Barry  Marks Seeks Your Response   
 Louisiana Automatic Renewal Bill Passes Senate
 "A  Louisiana bill to regulate the use of automatic renewal clauses in  contracts has been amended and passed out of the State Senate.   Louisiana Senate Bill 802 replaces the former version and requires  that contracts for the sale or lease of “any products or services  to a consumer” must “clearly and conspicuously” disclose the  clause in the contract or contract offer, and must disclose how to  cancel in the initial contract, contract offer, or with delivery of  the products or services.  Despite the bill only referencing  contracts with “consumers”, the sponsor, Senator Joe McPherson,  has repeatedly insisted that consumer will refer to all transactions,  including purely business to business contracts. The Equipment  Leasing and Finance Association (ELFA) opposes the intended  inclusion of commercial transactions in the bill’s reference to  “consumer” contracts as well as the disparate treatment of  association members within the amended bill.  The bill is now  assigned to the House Commerce Committee, which must move it to the  House floor prior to adjournment on Monday, June 21.         "Senate  Bill 802 would be applicable to all commercial leases from small  ticket transactions to heavily negotiated contracts for commercial  aircraft, ocean vessels and high technology equipment embedded within  production lines.  Amongst provisions of concern to ELFA is  Section C (3) that establishes refunds of payments made during a  renewal period as one of the steps necessary to nullify a violation  of the law by failure to disclose specified renewal information in  the contract.  If implemented by the lessor it would allow use  of equipment by lessees without making payments during the renewal  period.  ELFA has argued customers should be liable for payments  during time when equipment was used for a profit making enterprise.    The refund option is in addition to a remedy provision in Section E  that mandates the term revert to a thirty day renewal period if the  contract does not contain specified disclosures."
 Barry  Marks of Marks & Weinberg told Leasing News:
 "We  are working with the Equipment Leasing and Finance Association (ELFA)  and monitoring this situation. This may affect future deals in  Louisiana. There are a spate of new laws being proposed all over the  country that either add restrictions on leasing transactions or blur  the line between consumer and commercial transactions. This may in  large part be due to the current economy, as businesses fail and  voters are called to make good on contracts they signed. It may also  be due in part to practices employed by some in our industry, such as  enforcing automatic renewals in leases with $1 purchase options. "I  am very interested in contacting brokers and lessees who have been  burned by such practices as I want to prepare a report for National  Association of Equipment Leasing Brokers and Equipment Leasing and  Finance Association" on this practice and possibly an article on  the subject."         Readers  who would like to participate, contact him at bmarks@marksweinberg.com 
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        Bank  Beat---Tygris’s EverBank Claims Three More
 
  
 EverBank,  Jacksonville, Florida,  which acquired Tygris Commercial Finance Group on February 5, 2010,  as well as other banks recently, has acquired the banking operations  (Mark Twain Bank, Mark Twain Bank), including all the deposits, of  three Florida-based institutions. To protect depositors, the Federal  Deposit Insurance Corporation (FDIC) entered into a purchase and  assumption agreement with EverBank.
 Bank  of Florida – Southeast, Fort Lauderdale, Florida;Bank  of Florida – Southwest, Naples, Florida;
 Bank  of Florida – Tampa Bay, Tampa, Florida.
 EverBank's  recently announced first quarter earnings were $31.3 million, a 98%  increase from the previous year quarter. Assets grew to $9.6 billion  and deposits grew to $7.4 billion, representing year over year growth  of 26% and 31%, respectively. EverBank core capital is approximately  $1 billion, exceeding what is considered "well capitalized"  by regulators by approximately $500 million. March  25, 2010 the three banks were notified they were "critically  undercapitalized" by the FDIC. ". “It’s very much a  reflection of the economic times and the dramatic decline in real  estate values,” said Michael McMullan, CEO of Bank of Florida Corp.  “We’ve always had community support in our capital raises,” he  said. “A lot of our existing shareholders live in the communities  that we serve. We have many investors that are familiar with our  branches and our story.”         Unfortunately  the three banks did not survive and all the investors lost their  money.         Bank  of Florida - Southeast had total assets of $595.3 million and total deposits of $531.7  million. The loss-share agreement was $437.3 million. There are seven  branches with 47 full-time employees, covering Fort Lauderdale, Coral  Gables, and Boca Raton. Equity  in the bank had dropped from $52 million March 31, 2009 to $11  million March 31, 2010. Non-current loans in the same period had  double from $31.1 million to $63.3 million with a $1.5 million loss  March 31, 2009 to a $10.2 million loss March 31, 2010. Net charge  offs were $11.7 million ($4.5 secured by non-farm non-residential property,  $4.5 million construction and land development, $1.3 million 1-4  multi-family residential property.) Tier 1 risk-based capital ratio   2.22%. The  FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for  Bank of Florida - Southeast will be $71.4 million Bank  of Florida-Southwest had  six branches, three in Naples, two in Fort Myers, and one in Bonita  springs with 124 full time employees. As of March 31, 2010, Bank of  Florida - Southwest had total assets of $640.9 million and total  deposits of $559.9 million .The loss-share was $568.1 million. Equity  in the bank had dropped dramatically from $100.4 million in March 31,  2009 to a minus $9.5 million with non-current loans  of $77 million, a $1.7 million loss March 31, 2009 to a $19.1 million  loss March 31, 2010 after a $20.2 million charge off ($7.3 million  non-farm non-residential property, $6.3 million construction and land  development, $5.1 million in 1-4 multifamily property). Tier 1  risk-based capital ratio  -1.96%/ The  FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for  Southwest, $91.3 million. Bank  of Florida – Tampa Bay  had total assets of $245.2 million and total deposits of $224.0  million. The loss-share agreement was $210.8 million. The bank had  three branches in Tampa, and one in Clearwater with a  total 23 full time employees. The equity had dropped from $22 million  to $2.5 million, going from $11.1 in non-current loans to $30.5  million in non-current loans after losing a half-million dollars  March 31, 2009 to $4.6 million March 31, 2010 with net charge offs of  $7 million ($1.9 million construction and land development, $1.4  million 1-4 multi-family homes, $2.19 million in non-farm  non-residential property, $1.25 million in commercial and industrial  loans.)  Tier 1 risk-based capital ratio  0.95% 
 The  FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for  Tampa Bay will be $40.3 million http://www.fdic.gov/news/news/press/2010/pr10125.html
 The  three branches of Placer County’s Granite Community Bank, N.A., Granite Bay, California were closed with Tri Counties Bank, Chico, California, to assume all  of the deposits of Granite Community Bank, N.A.  Bank analysts feared  that the value of the real estate collateral was greatly over  estimated and pending loan losses would make the bank insolvent. Caught  in the expansion of Northern California and the abrupt turn around in  the economic condition of the state, many North County banks are in  similar difficulties. As of  March 31, 2010, Granite Community Bank, N.A. had approximately $102.9  million in total assets and $94.2 million in total  deposits. They had a branch in Auburn, Granite Bay, and Roseville  with approximately 35 full-time employees.  Non-current  loans had gone from $8.4 million March 31, 2009 to $10 million March  31, 2010 while equity dropped from $8.9 million to $3 million from  losing $196,000 to losing $345,000 after charge offs of $653,000  ($418 million in non-farm non-residential property, $110,000 1-4  multi-residential property,  and $226,000 in commercial loans, but  recovering $125,000 in non-farm, non-residential property.)Tier 1  risk-based capital ratio  3.46%  The  FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will  be $17.3 million
 http://www.fdic.gov/news/news/press/2010/pr10126.html
 Sun  West Bank, Las Vegas, Nevada,  was closed with City National Bank, Los Angeles, California, to  assume all of the deposits.  As of  March 31, 2010, Sun West Bank had approximately $360.7 million in  total assets and $353.9 million in total deposits.  City  National Bank will pay the FDIC a premium of 0.67 percent to assume  all of the deposits of Sun West Bank. This  was a large bank with five offices in Las Vegas, one in North Las  Vegas, and two branches in Reno.  They had 83 full-time employees.   Bank equity had dropped from $40 million March 31, 2009 to $4.6  million March 31, 2010 with $58 million in non-current loans, losing  $474,000 March 31, 2009 to a loss of $4.66 million March 31, 2010  following $1 million in charge offs ($535,000 construction and land  development, $434,000 in non-farm non-residential property, and  $135,000 commercial loans.  Tier 1 risk-based capital ratio  1.48%  The  FDIC and City National Bank entered into a loss-share transaction on  $280.0 million of Sun West Bank's assets.         The  FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will  be $96.7 million. The  loss is not as severe as it could have been as this banks assets grew  from $180 to over $400 million in its best year, 2006.  When the  market changed around, the nonperforming loans grew and the  collateral value about disappeared. Here is a May 31, 2009 interview  with Sun West Bank President and CEO, who summed up what was  happening: http://www.sunwestbank.com/sub.aspx?section=about-sunwest&page=news-press-releases&id=16
 http://www.fdic.gov/news/news/press/2010/pr10127.html
 List  of Bank Failureshttp://www.fdic.gov/bank/individual/failed/banklist.html
 Bank  Beat:http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm
  
 
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 Seeking consulting projects nationwide.
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 |  Finance: New York, NY “Think  Outside the Bank”. Barrett Capital is a merchant banking and  consulting firm, specializing in asset based financing: equipment,  vehicles, receivables and real estate.
 
 Email: bkorn@barrettcapital.com
 Web: www.barrettcapital.com
 
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        Costa Mesa, California---Adopt-a-Dog
 
 
  
 CeeCee
 Breed:
 Maltese  / Yorkie, Yorkshire Terrier Mix
 Location:Costa  Mesa, CA
 Size:Small  25 lbs (11 kg) or less
 
 Pet ID  #:  	2470449Rescue  Group: 	A Home 4 Ever
 Phone:  	(702) 249-3817
 Age:  	Adult CeeCee  is:already  spayed
 housetrained
 purebred
 not  good with kids
 good  with dogs
 up to  date with shots
 CeeCee's  story... Please  contact Sherry (ahome4ever@gmail.com) for more information about this  pet. “We  found CeeCee curled up in the corner of a kennel at an LA kill  Shelter. She was terribly matted and very scared. Nobody seemed to  want to adopt her because she looked so bad. We saw the beauty  underneath the mats and the snippy little attitude so we rescued this  adorable little 4 year old. She is a little shy at first, but once  she warms up all she wants to snuggle in your lap. We don't feel that  she would do well with small children as she scares very easily. She  would do best with a retired couple or single person who is home most  of the time and wants a sweet little companion.” If you  would like to meet CeeCee email Ahome4ever@gmail.com or call  702-249-3817        
   Contact  this rescue group to adopt CeeCee ... Website:  	http://ahome4everrescue.orgAddress:  	P.O. Box 226
 427 E  17th Street
 Costa  Mesa , CA
 92627
 About  Our Rescue Group...Our  dogs are rescued from what is called "death row" at the  city and county shelters, from a life abandoned on the streets, or  from other situations of neglect and cruelty. While in our care they  receive love, rehabilitation and medical care, if needed, and  grooming. Since we are a small group, we are always in need of  donations of any kind.
 
 
 Adopt-a-Pet  by Leasing Co. State/Cityhttp://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm
 
 Adopt  a Pethttp://www.adoptapet.com/
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 Today in History 
        1921 -- More than 300 killed in race riot in     Tulsa, Oklahoma. The black community of Greenwood is destroyed by     a white mob, who murdered many & burned down nearly the entire area,     destroying over 1,000 homes & businesses in a 35 block area. No one was     ever charged with any wrongdoing, no reparations were ever made and accounts     of the riot were literally cut out of the newspaper archives as Tulsa (read "white" Tulsa) tried to erase accounts & memories     of the events...http://www.forgottenhistory.org/exhibits/tulsa.html
 http://www.lib.utulsa.edu/speccoll/tulsa_race_riot.html
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 This Day in American History      1540-The first settlement in America in continuous   habitation is the mountain village of Acoma, NM. First settled in the   11 th century by Indians from nearby Enchanted Mesa. Francisco Vaques de   Coronado's army visited Acoma in the year 1540 and became the first   white man to enter Sky City. He described Acoma as:"One of the strongest ever seen, because the city was built on a high   rock. The ascent was so difficult that we repented climbing to the top.   The houses are three and four stories high. The people are of the same   type as those in the province of Cibola (Zuni) and they have abundant   supplies of maize, beans and turkeys like those of New Spain"
 http://www.puebloofacoma.org/index2.htm
 1586 - After a surprise raid on the village the night before, Ralph   Lane and English garrison murder the Indian chief Pemisapan, behead and   mutilate his corpse, announcing "Christ our Victory" as they lay siege   to Dasemunkepeac. This was in retaliation to Pemisapan trying to   organize the Indians against the European way of life. When Sir Walter   Raleigh returns to the area, he finds the white settlement has   “vanished.” They state in their journals they don't know why. Other   patriot chiefs such as King Phillip, Pontiac, Tecumseh, Sitting bull, et   al, will suffer similar fates, as the pattern is set. The citing of   journals that follow is fascinating. The Indian population of what was   to become the U.S. was about 1,000,000 when European exploration began.   Pioneer groups of European colonists were small. They entered regions   with sparser populations and more fluid cultures, bringing with them   diseases unknown to the area, perhaps the main killer of the Indian   population. In retrospect, the first decade of the seventh century was   the twilight of aboriginal Indian life.
 http://www.nps.gov/fora/teacher.htm
 http://homepages.rootsweb.com/~jmack/algonqin/mook3.htm
 1638- the first earthquake in the US to have been recorded and   described in writing occurred at Plymouth, MA, at 2 PM. Governor William   Bradford described the event in his History: ... it was very terrible   for ye time; and as ye men were set talking in ye house, some women and   others were without ye doors, and ye earth shooke with ye violence as   they could not stand without catching hold of ye posts . . . but ye   violence lasted not long. And about halfe an hower, or less, came an   other noyse & shaking, but neither so loud nor strong as ye former,   but quickly passed over, and so it ceased.”
 1660- Mary Dyer, American colonial-British Quaker convert whose   conscience forced her back to Boston in spite of official warnings.   There she was arrested for teaching a religious belief other than those   approved by the Puritan church leaders and hanged this day. While the   history books state religious groups came to American to escape   persecution, quite the opposite is true. They came here as missionaries   to reform the American Indians and did not accept religious practices   except their own. Mary Dyer was executed under the strict anti- Quaker   laws enacted by the very same people who came to the "New World" for   religious freedom. Dyer's hanging was not part of the witchcraft panic   that gripped Salem, Massachusetts later.
 http://www.geocities.com/Heartland/Valley/2822/marydyer.html
 http://www.gale.com/free_resources/whm/trials/dyer.htm
 1779 - The court-martial of Benedict Arnold convenes in   Philadelphia, Pennsylvania. The West Point surrender was also foiled   when an American Colonel ignored Arnold's order not to fire on an   approaching British ship. Arnold's defection was revealed to the   Americans when British officer John André, acting as a messenger, was   robbed by AWOL Americans working as pirates in the woods north of New   York City. The notes revealing Arnold's traitorous agreement were   stashed in his boots. Arnold and his wife Peggy, who fooled American   officers into believing she had no involvement in the betrayal, escaped   to New York City. At the British surrender at Yorktown, Benedict Arnold   was burned in effigy and his name has since become synonymous with   traitor. The British didn't treat him very well after the war either.   After prevailing in a libel action, he was awarded only a nominal amount   because his reputation was already so tarnished. He died in 1801 and   was buried in England without military honor.
 1792- Kentucky became the 15th State of the Union. Since its name is   an American Indian word for "great meadow", it is fitting that   Kentucky's nickname is the Bluegrass State, and its flower is the   goldenrod. The official state bird is the cardinal. The capital of   Kentucky is the city of Frankfort.
 1794 - Protected by a French fleet, a large convoy of US ships   carrying provisions to famine-stricken France is encountered by a   British fleet under Admiral Sir Richard Howe. Although Howe defeats the   French, the US convoy is able to escape safely during the heat of the   battle.
 1796 - Tennessee joined the United States of America on this day.   Long before it officially became the 16th state, Tennessee had already   begun to earn its nickname, the Volunteer State, as it sent large   numbers of volunteers to fight in the American Revolution. The tradition   continued for the War of 1812, the Mexican War and the Civil War. The   country-music capital of the world, Nashville, is also the governmental   capital of Tennessee. The state's official flower is the iris, its bird,   the mockingbird.
 1801- Bringham Young, Mormon Church leader born at Whittingham, VT.   Known as “the American Moses,” having led thousands of religious   followers across 1,000 miles of wilderness to settle more than 300 towns   in the West. He died at Salt Lake City, UT, Aug 29, 1877, and was   survived by 17 wives and 47 children. Utah observes, as a state holiday,   the anniversary of his entrance into the Salt Lake Valley, July 24,   1847.
 1813 - The U.S. Navy gained its motto as the mortally wounded   commander of the U.S. frigate "Chesapeake", Captain James Lawrence   (b.1871) was heard to say, "Don't give up the ship!", during a losing   battle with a British frigate "Shannon"; his ship was captured by the   British frigate. Oliver Hazard Perry honored his dead friend Lawrence   when he had the motto sewn onto the private battle flag flown during the   Battle of Lake Erie, 10 September 1813.
 1843-Sojourner Truth begins travel as abolitionist speaker.
 http://www.lkwdpl.org/wihohio/trut-soj.htm
 http://www.geocities.com/Athens/Oracle/9840/sojourn.html
 http://www.noho.com/sojourner/
 1850-"San Francisco Daily Herald" began     publication. Available for viewing on microfilm at the     University of California in Berkeley.
 1851-Horse-drawn omnibuses, which means: bus for     all the people, began running between California Exchange and Mission     Dolores. http://www.sfheart.com/sfhistory/images/SFomnibus.jpg
 1852- Publication today of a manual of     the corporation of the city of San Francisco containing a map of the city, the     Declaration of Independence, the Constitution of the United States, the     constitution of the state of California, the charters of the city, the revised     ordinances still in force, and certain laws relating particularly to the city     of San Francisco.
 1860-The first census compiled by machines was the 1890 census,   which recorded a population of 62,979,766. According to the U.S. Bureau   of the Census, the resident population of the United States, projected   to 5/29/2004 at 3:48:56 PM EDT is 293,364,634COMPONENT SETTINGS
 One birth every.................................. 8 seconds
 One death every.................................. 12 seconds
 One international migrant (net) every............ 25 seconds
 Net gain of one person every..................... 12 seconds
 Historic Census by Year
 http://eire.census.gov/popest/archives/pre1980/popclockest.txt
 1861- John Quincy Marr of Warrenton, VA, commander of the Warrenton   Rifle Guards ( designated Company K of the 17 th Virginia Infantry   Regiment ) was the first Confederate officer killed in the Civil War; in   a skirmish at Fairfax Court House, VA. Marr was actually a lieutenant   colonel, having been commission on May 2, 1861, but his letter of   commission from Governor John Letcher had not been delivered to him.
 1862—General Robert E. Lee was appointed commander of the   Confederate Army of Northern Virginia.
 1890 - The US census     stood at 62,622,250. The US government used the Jean     Baptiste Pacard card punch to tabulate the results of the census. Herman     Hollerith designed a system that used a machine with a sorter. Hollerith     formed a firm that eventually became IBM.
 1898- Molly Picon birthday: U.S. actor and singer, the star of New   York Yiddish theater. Known as the Sweetheart of Second Avenue, she   projected a light, charming character with a great sense of humor.
 http://www.jwa.org/exhibits/wov/picon/index.html
 http://www.jwa.org/archive/picon/mpcl.html
 http://us.imdb.com/name/nm0682000/
 1899-The annual parade of "New York's Finest" was filmed on June 1,   1899 in Union Square.
 http://memory.loc.gov/ammem/today/jun01.html
 1901-The first motorcycle powered by a gasoline engine was   demonstrated in a climbing hill exhibition. The first motorcycle with a   built-in gasoline engine was manufactured in Springfield, MA, by George   M. Hendee, who formed the Hendee Manufacturing Company, which began to   market the Indian motorcycle. Previously, motorcycles had been ordinary   bicycles to which motors were attached. Three motorcycles were built in   1901. The following year, production was increased to 143. The motors   were made by the Aurora Machine Company, Auroa, IL, and were mounted to   the motorcycle frames in Springfield.
 1908 - John Krohn decided to take a walk around the United States -   with his wheelbarrow! He completed the walk around the perimeter of the   U.S. in 357 days. He walked 9,024 miles, went through 11 pair of shoes,   112 pair of socks, five wheels for his trusty wheelbarrow and never   walked on Sunday.
 1911- The first life insurance group policy was written for 121   employees of the Pantasote Leather Company of Passaic, NJ, by agent   William J. Graham of the Equitable Life Assurance Society. Each employee   was given insurance protection amounting to a year's salary and a   funeral benefit of $100.
 1915- Country singer Johnny Bond was born in Enville, Oklahoma. He   is best known as the composer of "Hot Rod Lincoln," a hit for both Bond   and Charlie Ryan in 1960, and for Commander Cody and the Lost Planet   Airmen in 1970. Bond also appeared in more than 50 movies. And in the   less-enlightened days of the 1950's and '60s, he wrote a series of comic   songs about drunkenness, the most famous of which is "10 Little   Bottles." Bond died of a heart attack on June 12th, 1978.
 1919-Birthday of singer/pianist Lafayette Leake, Winona, MS
 http://mp3.com/artists/78507/summary.html
 http://www.artistdirect.com/music/artist/card/0,,457357,00.html
 http://www.joes-corner.de/dawkins/disco/dawkins_rec82.htm
 http://community-2.webtv.net/W-Media-Player/BLUESPIANOGREATS/
 1903 - A strong tornado just 50 to 75 yards in width killed many   persons around the Gainesville GA Cotton Mill. The tornado strengthened   and widened near the end of its four mile path, killing 40 persons at   New Holland GA. A total of 104 persons were killed in the tornado.
 1920--WEB DuBois, civil right activist and educator, awarded   Spingarn Medal,
 http://or.essortment.com/springarnmedal_rlwp.htm
 http://www.wlib.com/BlackHistory.htm
 No. 27 here: http://or.essortment.com/springarnmedal_rlwp.htm
 1921 -- More than 300 killed in race riot in Tulsa, Oklahoma. The   black community of Greenwood is destroyed by a white mob, who murdered   many & burned down nearly the entire area, destroying over 1,000   homes & businesses in a 35 block area. No one was ever charged with   any wrongdoing, no reparations were ever made and accounts of the riot   were literally cut out of the newspaper archives as Tulsa (read "white"   Tulsa) tried to erase accounts & memories of the events...
 http://www.forgottenhistory.org/exhibits/tulsa.html
 http://www.lib.utulsa.edu/speccoll/tulsa_race_riot.htm
 1921- composer and arranger Nelson Riddle was born in Ordell, New   Jersey. Well-known as an orchestrator for such singers as Frank Sinatra   and Linda Ronstadt, Riddle also had several hits under his own name,   including the 1956 million seller "Lisbon Antigua." He died on October   6th, 1985.
 1922 - Birth of Ray Knighton, who in 1954 founded the Medical Assistance     Program (MAP International) in Chicago.
 1924-Alto-Clarinet player Hal McKusick born Medford, Mass.
 http://www.mmguide.musicmatch.com/artist/artist.cgi?ARTISTID=
 600294&TMPL=LONG#bio
 http://www.fantasyjazz.com/catalog/mckusick_h_cat.html
 1924---Birthday of drummer Herbie Lovelle, New York City, NY
 1926-Marilyn Monroe's birthday, American actress and sex symbol of   the '50s, born at Los Angeles as Norma Jean Mortensen or Baker. She had   an unstable childhood in a series of orphanages and foster homes. Her   film career came to epitomize Hollywood glamour. In 1954 she wed Yankee   legend "Jolting Joe" DiMaggio, but the marriage didn't last. Monroe   remained fragile and insecure, tormented by the pressures of Hollywood   life. Her death from an overdose Aug 5, 1962, at Los Angeles shocked the   world. Among her films: The Seven Year Itch, Bus Stop, Some Like It   Hot, Gentlemen Prefer Blondes and The Misfits.
 http://www.ellensplace.net/marilyn.html
 1934-Singer Pat Boone birthday, considered the second most popular   singer in the 50's, after Elvis Presely. Also an actor (State Fair),   author, born Jacksonville, FL. At his peak in the late 1950's, Boone was   considered a rock 'n' roller, a sort of sanitized, parent approved   alternative to Elvis Presley. The first of his more than 50 chart   records came in 1955 a cover version of Fats Domino's "Ain't That a   Shame." Boone's record went to number one while Domino's version made it   only to number 16. Pat Boone became one of the all time biggest selling   pop singers, and from 1957 to 1960 had his own network television   series. His daughter, Debby Boone, had a number one record in 1977 with   "You Light Up My Life."
 http://home.att.net/~boomers.fifties.pinups/page7.html
 http://www.tsimon.com/boone.htm
 1936-Brithday of Sandra Scoppetone, U.S. writer of mysteries   featuring Lauren Laureno, Lesbian private eye who has a wonderful view   of New York City. Her conversations with the natives are priceless.
 http://www.imt.net/~gedison/scoppett.html
 http://www.xs4all.nl/~embden11/Engels2/scoppetone.htm
 http://www.amazon.com/exec/obidos/tg/detail/-/0316776483/102-7693729-8155316?v=glance
 http://encarta.msn.com/text_761559994___10/Detective_Story.html
 http://www.thrillingdetective.com/trivia/triv140.html
 1936-Birthday of Sandra Scoppetone, U.S. writer     of mysteries featuring Lauren Laureno, Lesbian private eye who has a wonderful     view of New York City. http://sandrascoppettone.com/titles.html
 1937-Birthday of Colleen McCullough, Australian     author best known for her novel The Thorn Birds that became a hit TV     mini-series. She sold the paperback rights for 1.9 million in 1977, then the     largest amount ever paid for a paperback. Her first novel Tim was also made     into a movie.
 1938 - The first issue of the comic book "Superman" appeared in news   stands throughout the country. "Superman" was created by two teenagers:   Jerome Siegel and Joseph Shuster. Originally a newspaper comic strip,   Superman was changed to a booklet format to immediate acclaim. It became   a movie and one of the first television series hits. The story idea   came from Jerry Siegel in a dream he had about the baby, Moses, who was   abandoned by his parents in order that his life be saved. This dream   prompted Siegel's creation of the ‘Man of Steel'. Artist Joe Shuster   made the comic book hero come alive. The first story, in this first   issue, took place on the planet, Krypton, where baby Kal-El was born.   The infant was shot to Earth in a rocket just before Krypton exploded.
 1938 - Batters wore protective baseball helmets for the first time.   Helmets were brought into use in a game between the Springfield Greys   and the House of David in New York City.
 1944---Top Hits
 Long Ago and Far Away - Helen Forrest & Dick Haymes
 I'll Get By - The Harry James Orchestra (vocal: Dick Haymes)
 I'll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
 Straighten Up and Fly Right - King Cole Trio
 1947- Guitarist Ron Wood of the Rolling Stones was born in London. A   veteran of the Jeff Beck Group and Faces, Wood was chosen by the Stones   to replace Mick Taylor in 1974. Wood was also a member of Keith   Richards's New Barbarians, the group that shared billing with the   Rolling Stones at a free concert for the blind in Oshawa, Ontario in   April 1979. The concert was in lieu of a jail sentence for Richards, who   had been convicted of possession of heroin.
 1949 - Subscribers to "Newsweek" magazine were offered microfilm   copies of the magazine for the first time. The weekly publication cost   $15 a year.
 1950—birthday of singer Charlene (CHARLENE D'ANGELO) Hollywood, Ca.
 http://www.imdb.com/name/nm0152965/
 http://shopping.yahoo.com/p_charlene_artist_1927012792;_ylt=
 Aigw8fFcuX290VsHKd2ruNdUvQcF;_ylu=X3oDMTBudjI1N2xwBF9z
 Azg0MzkzMzAwBHNlYwNhcnRmZWF0?a=b
 http://www.westword.com/extra/jukebox/bh10-17.html
 1952---Top Hits
 Kiss of Fire - Georgia Gibbs
 Blue Tango - The Leroy Anderson Orchestra
 Be Anything - Eddy Howard
 The Wild Side of Life - Hank Thompson
 1956-Doris Day signed a five-year recording contract with Columbia   Records worth $1 million. By late June, "Whatever Will Be, Will Be" (Que   Sera, Sera) entered the charts and eventually climbed to number 2 for a   three week stay.
 1957- at the Pacific Amateur Athletic Union Meet at Stockton, CA,   Don Bowden of the University of California became the first American to   break the four minute mile ( 3 minutes 57.7 seconds )
 1957-Sam Cooke records "You Send Me" at Radio Recorders Studio in   Los Angeles. The song will rise to the top of the US chart next December   and become the first of Cook's 29 Billboard Top 40 hits.
 1959 - Columbia Records' "Johnny's Greatest Hits" celebrated a full   year at the top of the album charts. The LP continued to stay at or near   the top of the charts for several more years. The album became the   album leader of all-time after 490 weeks. Johnny Mathis went on to have   an LP on the charts nearly every year for over three decades.
 1960- The popular and enigmatic British mini-series, "The Prisoner,"   aired for the first time in US television. Starring Patrick McGoohan as   a secret agent held against his will in a remote, controlled   environment known as the Village, "The Prisoner" was one of TV's most   imaginative series. In both the US and England, The Prisoner became an   instant cult series. "The Prisoner" was one of the most imaginative   shows on TV, regarded by some as the finest dramatic series in TV   history. Patrick McGoohan, who produced and starred in the series, also   wrote and directed some episodes. In the series, McGoohan found himself   in a self-contained community known as "the village" where he was   referred to, not by name, but as Number 6. Number 6 realized he was a   prisoner, and spent most of the series trying to escape or to learn the   identity of the leader, Number 1. In the last episode, he learned that   he was Number 1.
 1960-The first parking meter enforcement division of a police   department was appointed by Mayor Robert F. Wagner of New York Ci9ty.   The “meter maids” underwent about two weeks of training and received   salaries ranging from $3,150 to $4,830 a year. The first summons was   issued on June 6, 1960.
 1960---Top Hits
 Cathy's Clown - The Everly Brothers
 He'll Have to Stay - Jeanne Black
 Paper Roses - Anita Bryant
 Please Help Me, I'm Falling - Hank Locklin
 1961-FM stereo was heard for the first time by     listeners in Schenectady, New York, Los Angeles and     Chicago. The     FCC would adopt the standard a year later.
 1963---Four weeks after it entered the Billboard chart, 17 year old   Lesley Gore's "It's My Party" hit the number one spot. It was a song   that was chosen for her by Quincy Jones, then a staff producer for   Mercury Records, who had seen Leslie sing for the first time just a few   weeks earlier.
 1963 -- 531, including NAACP Executive Secretary Roy Wilkins,   arrested at a peaceful civil rights march in Jackson, Mississippi.
 1964 - Leslie Gore's hit single, It's My Party, rose to the Number 1   spot on Billboard's record charts on this date, and stayed there for 2   weeks. Gore was just 17 when she recorded the song, and she became one   of the youngest solo female artists in music history to top the charts   (1963). The Rolling Stones landed at JFK International Airport in New   York for their first U.S. tour, which began the next day at the Manning   Bowl, a high-school football stadium in Lynn, Massachusetts.
 1964- The Rolling Stones arrived in New York to begin their first   American tour. Their first date was at a high school stadium in Lynn,   Massachusetts. The Stones also stopped in Chicago to record an EP at the   Chess studios, and when they tried to hold a news conference, a riot   broke out.
 1964- The Equal Pay Act became law. Two years before, July, 1962,   the U.S. House of Representatives passed a measure requiring equal pay   for equal work for women dealing in interstate commerce work, but that   fall the U.S. Senate refused to take action.
 1966 -- June 1-2, White House Conference on Civil Rights with Roy   Wilkins of NAACP; Whitney Young Jr. of National Urban League;
 Floyd McKissick & James Farmer of CORE; Martin Luther King Jr. of   SCLC; Stokely Carmichael of SNCC ("We feel that integration is   irrelevant. We have got to go after political power.").
 1967 - "Sgt. Pepper's Lonely Hearts Club Band" was released by The   Beatles in England. The North American release came two days later.   "Sgt. Pepper's" became one of the first rock albums to be   critically-acclaimed, and went on to become the number one album in the   world. It spent 15 weeks at the top of the album list in the United   States It took 700 hours over three months to record under the direction   of George Martin, Britain's top pop producer. A then state-of-the-art   four track recorder was used to build each song layer by layer. The cost   of recording - $75,000. "Sergeant Pepper's" wide range of styles and   sounds and its use of electronic noises ushered in the psychedelic era.   Some of its songs, such as "Lucy in the Sky With Diamonds" and "A Day in   the Life" were carefully examined for hidden meanings. The album is   estimated to have sold more than 15 million copies, and stayed on the   Billboard chart for 113 weeks. On June 1st, 1987, 20 years to the day   after it originally came out, the compact disc version of "Sergeant   Pepper's" was released. The CD contained what some might consider a   bonus - a two-second burst of laughter and gibberish which had only been   available previously on European versions of the album, and a high   frequency note at the end of the LP audible only to dogs.
 1968- Simon and Garfunkel reached the top of the US charts with   "Mrs. Robinson," a song featured in the soundtrack of the film "The   Graduate." The song won a Grammy Award for the Best Contemporary Pop   Performance by a Vocal Duo or Group.
 1968-Merrilee Rush enters the Billboard Top 40     for the first and only time with "Angel of the Morning", which will reach #7.     Juice Newton     would take the same song to #4 in 1981.
 1968---Top Hits
 Mrs. Robinson - Simon & Garfunkel
 The Good, the Bad and the Ugly - Hugo Montenegro
 Yummy Yummy Yummy - Ohio Express
 Honey - Bobby Goldsboro
 1972-The first recording sessions ever held at     Abbey     Road studios took place, as tracks were laid down     for what would become Pink Floyd's album, "Dark Side of the Moon".
 1973-The James Bond thriller, "Live and Let Die" opens. The movie   features the title track by Paul McCartney and Wings.
 1974-Heimlick Maneuver introduced: the June issue of the journal   Emergency Medicine published an article by Dr. Henry Heimlich, outlining   a better method of aiding choking victims. Instead of prevailing method   of backslaps (which merely pushed foreign objects further into the   airways), Dr. Heimlick advocated “subdiaphragmatic pressure” to force   objects out. Three months later the method was dubbed, the Hemlich   Maneuver” by the Journal of the American Medical Association.
 1974-Birthday of Alanis Morissette, Ottawa, Ontario
 http://www.alanis-morissette.com/biography.html
 http://www.alanis.com/socalledchaos/socalledchaos.html
 http://www.canehdian.com/artistlinks/artists/alanis.html
 1975 - Nolan Ryan of the California Angels threw his fourth career   no-hitter game with a 1-0 win over the Baltimore Orioles. As a result,   Ryan tied the major league baseball no-hit record.
 1976---Top Hits
 Love Hangover - Diana Ross
 Get Up and Boogie (That's Right) - Silver Convention
 Misty Blue - Dorthy Moore
 One Piece at a Time - Johnny Cash
 1977--28 year old, Long Island native, Billy Joel wraps up a four   month tour of the US by appearing at Carnegie Hall in New York.
 1980-, CNN debuted, the Cable News Network, TV's first all-news   services went on air.
 1980 - A man from Falmouth ME was struck by lightning restoring his   eyesight. The man had been blind and partially deaf since a truck   accident in 1971
 1984---Top Hits
 Let's Hear It for the Boy - Deniece Williams
 Time After Time - Cyndi Lauper
 Oh Sherrie - Steve Perry
 As Long as I'm Rockin' with You - John Conlee
 1987-Niekro Brothers the Winninest. Phil Niekro pitched the   Cleveland Indians to a 9-6 victory over the Detroit Tigers to put   himself and his brother Joe into the lead as the winningest brothers in   major-league pitching history. Their 530 combined victories surpassed   Gaylord and Jim Perry. The Niekros ended their careers with 539 wins,   318 by Phil and 221 by Joe.
 1989 - Thunderstorms developing during the afternoon over the   Southern Plains Region produced severe weather through the evening and   the night, spawning nine tornadoes. Thunderstorms produced wind gusts to   80 mph at Alpine TX, and baseball size hail at Balmorhea, TX, Fluvanna,   TX, and in Borden County, TX
 1990 - U.S. President George Bush and Soviet President Mikhail   Gorbachev signed a bilateral agreement to stop producing chemical arms   and to begin destroying stocks by the end of 1992.
 1995- Joe Garagiola Jr. is named as the Diamondbacks first general   manager.
 1997-Canadian sprinter Donovan Bailey won a special 150-meter match   race against American Michael Johnson to reassert his claim to the title   of the “World's Faster Human.” After Bailey had won the 100 meters at   the 1996 Summer Olympics and Johnson had won the 2200 meters and the 400   meters, the two engaged in a nasty bragging-rights battle. This special   race was supposed to put an end to their flap. But the race in Toronto   proved inconclusive as Johnson, well behind at the halfway point, pulled   up short, claiming that he had injured his left quadriceps.
 1997 -The San Francisco domestic partners ordnance     became law. The State Supreme Court said it was illegal, but that ruling was appealed and is     still under appeal.
 Stanley Cup Champions This Date      1992 Pittsburgh Penguins  
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  Baseball     Poem Play at the Plate  From the book "That Sweet     Diamond"
 by Paul B. Janeczko, Carole     Katchen (Illustrator)
   Somewatch the     ball
 short hop the wall     and
 the right     fielder-who
 can't pick it up fast enough     -
 finally snatch     it
 sling it
 to the impatient cut-off     man,
 who throws     home
 almost before he     turns.
 Somewatch the     runner
 barely
 toe the inside corner of     third,
 eyes on
 the coach's windmill     arm
 signaling     haste.
 Allwatch the meeting     place:
 the catcher begging for the     ball
 so he can sweep the     tag
 at the runner     beginning
 his   slide
 before the     umpire,
 holding his     mask
 behind his     back
 as casually as a satin     heart
 of valentine     candy,
 signals the meeting     over,
 the runner     safe.
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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 [headlines] --------------------------------------------------------------
 Daily Puzzle
   How to play:http://www.setgame.com/set/puzzle_frame.htm
 Refresh for current date:http://www.setgame.com/set/puzzle_frame.htm
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 http://www.gasbuddy.com/GB_Mobile_Instructions.aspx
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 Weather
    See USA map, click to specific area, no commercials http://www.weather.gov/ [headlines] --------------------------------------------------------------
 Traffic Live---  Real Time Traffic Information You can save up to 20 different routes and check them out with one click,or type in a new route to learn the traffic live
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