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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Anaheim, CA

Financial Pacific Leasing’s Commercial team in Anaheim, CA is growing their Documentation/Funding group and looking for someone with an keen attention to detail and ready for the opportunity to work hard, learn and grow.

Please click here for more information.
A subsidiary of Umpqua Bank

Friday, June 5, 2015

Today's Equipment Leasing Headlines

Archives: June 5, 2002 Bleeding Continues---
Centerpoint Financial Services Calls It “Quits”
New Hires---Promotions in the Leasing Business
  and Related Industries
Leasing Industry Ads---Help Wanted
  Ascentium/Financial Pacific
Beige Book Reports Business Improvement Despite Weather
Plus Modest to Moderate Demand for Commercial Leasing/Lending
Lease Corporation of America Surpasses $1 Billion
  in Lease Volume, 70,000 customers, $13,000 Average Deal
Stick Mobility--Yoga to the Next Level
  New Exercise for Individuals or Groups
IRS Announces Interest Rates Remain the Same
   for the Third Quarter of 2015
Tomorrowland/Good Kill
Focus/Da Sweet Blood of Jesus/Li'l Quinquin 
Film/Digital Reviews by Fernando Croce
Saint Bernard
Denver, Colorado  Adopt-a-Dog
Attorneys Who Specialize in
 Banking, Finance, and Leasing

News Briefs---
Mortgage rates rebound a little bit higher
  Thirty Year Goes from 4.0 to 4.03/Last Year 4.32
Ex-FIFA official says he’s got the goods
  on Sepp Blatter
Alta Group and Genpact Strengthen Tie-up for
 Global Commercial Equipment Finance Sector
Poydras Gaming Finance Corp. 1stQ Financial Results
Leasing revenue increased 321% to $656,088 from $155,881
Ex-Janesville bank president faces $50,000 fine,
   banking industry ban
FIFA Paid Ireland Millions Not to Sue
  Over 2010 World Cup Loss
Wearables Market Tops 11 Million in First Quarter
a 200 percent increase from last year
Porsche Reports May 2015 Sales
  Up 7.6%

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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                 Traffic Live----

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Archives: June 5, 2002 Bleeding Continues---
Centerpoint Financial Services Calls It “Quits”

Leasing News reported on COO Randy Schiell leaving, then interviewed John Otto, who said he was not pulling the plug.  Rumors that Chuck Brazier, CLP, director of Customer Relations was leaving, then Leasing News began receiving complaints of deals not being funded by Centerpoint.

Tuesday morning this fax was sent to Centerpoint brokers:

From:  Chuck Brazier

    To:  ******

Effectively immediately, Centerpoint Financial Services, LLC will no longer be accepting new credit applications.  We would like to thank you for your valued relationship and appreciate your patience and understanding in this matter.

No funding will take place until Wednesday, June 5, 2002 at which time, we will be notifying you of the steps Centerpoint will be able to take to assist you in funding your current backlog.  Shortly, we will be sending you a copy of your backlog report and would appreciate if you would indicate which deals are still active and when you anticipate they will be ready to fund…

Centerpoint was financed by John Otto of Heritage Leasing fame.  It started in 1997, working exclusively with leasing brokers, and in its hay day had up to 25 employees.  Sandi Gibson was listed as director of Leasing Broker Relations, and Mark Speros was director of sales.  Chuck Brazier took over these responsibilities.
Chuck Brazier, reached by telephone, said he could make no comment; it would have to come from Gordon Robert, president. 


Mark Speros and Sandi Gibson had left earlier, as noted
above. It appears both are now retired (although not confirmed).

Randy Schiell, who resigned before the problems at Centerpoint happened, went on to Park Western Leasing, and presently is at Aten Ventures.

In 2005, Gordon Roberts was convicted of theft from Centerpoint.

Chuck Brazier was president of Brican American Leasing, trying to syndicate the lease portfolio, company in long time law suit re: Ponzi scheme. Now involved with Trade River, active at the NAELB
Conference in Phoenix, Arizona.

In 2009, John Otto committed suicide right before a $132 million Ponzi scheme he was running out of his residence came to light.

Centerpoint Stories 


   (Please click on ad to learn more)
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


New Hires---Promotions in the Leasing Business
and Related Industries


Scott Preston Brown hired as Regional Vice President, DB Squared, Inc., Gainesville, Georgia. Previously, he was Senior Vice President Midland American Capital (February 2012-May 2015); Vice President, Allegiant Business Finance (June 2011–February 2012); Vice President, Charter Capital (February 2009–June 2011); Vice President, BDO Presidential Financial (October 2006–November 2008). Licensed Financial Advisor (NASD/SEC), Merrill Lynch (January 2006–September 2006); President for Private Equity Acquisition PE Firm (May 2004–August 2005); Region Manager, Enhancements, Trugreen Landcare ServiceMaster (August 2001–April 2004); President, Progreen (February 1992–March 2001). Languages: French. Associations: President, National Funding Association (NFA) (January 2010–Present); Board Member, Georgia Mountain Food Bank (January 2014–Present); Co-Chair, Corrections Committee, AA (October 2013–Present); AA, Atlanta Chapter Secretary / Treasurer (2009 Term); National Funding Association (NFA) (June 2009–December 2009). Certifications: NASD / SEC Series 7 Securties License. NASD / Securities & Exchange Commission (Starting April 2006); NASD / SEC Series 66 Securitie License. NASD / Securities & Exchange Commission (Starting May, 2006).
Class A CDL Commercial Drivers License, State of Georgia (Starting July 1998). Georgia Variable Annuities Insurance License. Georgia Department of Insurance, License 1928071057 (Starting March 2005). Georgia Life & Health Insurance License. Georgia Department of Insurance, License 1928071057 (Starting March, 2005). Education: Auburn University, College of Business,
MBA, Business & Finance (2010 – 2012). IN PROCESS: Activities and Societies: Employed full time, with children, while actively pursuing higher education. American InterContinental University, B.A., Accounting & Finance (2002 – 2005). B.A. Finance. B.A. Accounting. Magna Cum Laude. Riverside Military Academy HS, Collegiate (1989 – 1992). Societies: Honors Graduate, Habersham Central HS (1989 – 1989).

John Cooney has been hired as Vice President, Fleet Operations, Chicago Freight Car Leasing. He was previously Director, Contract Shop Repairs, GATX Rail. "Prior to this role, John had management responsibilities for mobile service operations, regulatory compliance, railcar training, inspection/ auditing." Education: DePaul University, Liberal Arts, SNL (1993 – 1997). 

Toni Larson was hired as SVP Industrial Equipment at Key Equipment Finance, Superior, Colorado; based in the Greater Minneapolis-St. Paul area.  Previously, she was VP Sales, TCF Equipment Finance (2004–2015); Senior VP Sales, Orix Financial Services (2001 – 2004); Sales, U.S. Leasing (1985 – 2001). Education: St. Cloud State University, BS, Finance.

Gord McDougall has been hired as Managing Director, Canada, CAT Auction Services, an IronPlanet marketplace, Edmonton, Canada. Prior, President & General Manager, The Cat Rental Store (March, 2010-March, 2015).  He joined Finning, May, 1999 as Regional Manager, Vancouver Island; promoted 2003 to Director of Marketing;  Corporate Remarketing Manager (March,2004-March, 2010).  Volunteer Experience & Causes: Crew Chief, 2015 FIS World Ski Championships (February, 2015). Health Crew Chief on Ladies Track,
Chief of Race, Advanced, Special Olympics 2013. World Winter Games, Pyeong Chang, South Korea. February, 2013. Invited to be one of 9 International Officials to prepare and execute the Alpine events for the 2013 Special Olympic World Winter games in South Korea. Special Olympics, Canada, Chief of Race, National Alpine Finals, Special Olympics Canada, March, 2012. Social Services, Chief of Race for the Special Olympic Canada Winter Games, Alpine events at Marmot Basin, Jasper, AB. Various roles: Childrens races up to World Cup; Alpine Ski Racing Official; Health: United Way of the Alberta Capital Region, Cabinet member. United Way of the Alberta Capital Region,September, 2012. Social Services Cabinet member for the Edmonton region United Way campaign.

Lisa McNeme was hired as Vice President of Operations at Wintrust Commercial Finance, Frisco, Texas. Previously, she was Operations Manager, AIG Commercial Equipment Finance, Inc. (2006 – May 2015); Compliance Associate, ORIX (2003 – 2006); Asset Administrator, GMAC Commercial Mortgage (2003 – 2003); AVP, Operations Manager. She joined CitiCapital Commercial Corporation (formerly Associates Commercial Corporation) in 1989 as Legal Assistant; promoted 1992 to Senior Documentation Specialists; 1998, Documentation Manager; AVP, Operations Manager (2000 – 2003). Education: Stephen F. Austin State University, BFA, Business Administration (1982 – 1986) Lake Highlands High School. 

Murray Pickrem was hired as Vice President at First Financial Corporate Services, Orlando, Florida.  Previously, he was National Accounts, Director, Advanced Charging Technologies (June 2014–April 2015); Vice President, National Accounts, PowerDesigners (January 2011–May 2014); Director of Sales, Eastern USA, GNB Technologies (December 2007–January 2011); General Sales Manager, Raymond Handling Consultants (August 2002–December 2007); Major Account Executive, Siemens Industry USA (April 2000–August 2002); Sales Account Executive, Raymond (January 1995–August 2000).

Sam Puma was hired as Regional Sales Manager, Technology, at Creekridge Capital, Edina, Minnesota; he will be out of their California office, Capistrano Beach, California. Previously, he was Account Executive, Dell Financial Services (May, 2011 – July, 2014). National Account Manager, GoWest Equipment Leasing (April, 2009 – March, 2011); Regional Sales Manager, GE Commercial Finance-Capital Solutions (May, 1999 – January, 2009); National Account Manager, Oliver-Allen Corporation (1993 – 1998).Education:
University of Utah, Bachelor of Arts (B.A.), Political Science and Government.

Douglas Shaw was hired as Vice President - Commercial Equipment Finance (CEF), M&T Bank (2012 – 2014); Vice President – Sales, ATEL Leasing Corporation (2005 – 2012); VP/Director, Sales, Wachovia Leasing and Equipment Finance, Wachovia (1993 – 2005). Volunteer: Big Brothers/Big Sisters of Charlotte (2007 – Present) Education: Babson College - Franklin W. Olin Graduate School of Business, Master of Business Administration, Finance. Stonehill College, Bachelor of Science in Business Administration, Accounting 

Stefanie Stark was hired as Business Development Manager at Creekridge Capital, Edina, Minnesota; working out of their Minnesota office.  She joined the Patterson Companies, Mendota, Minnesota in March, 1996 as Credit Administrator; became Equipment Finance Representative, October, 1997 until February 15, 2015. Previously, she was Credit Manager, Bookkeeper, St. Paul Linoleum & Carpet (June, 1988 – March, 1996). Honors & Awards: 7 year member of St. Paul Jaycees.  3 term chairperson for company picnic. 2 year term secretary/treasurer for Pioneer Place Condominium Association
Education: University of Minnesota-Twin Cities, Bachelor of Arts (B.A.), Psychology (1988).

Kevin White was hired as Vice President, Key Equipment Finance, Superior, Colorado; based out of Richmond, Virginia.  Previously, he was Senior Vice President, GE Capital (October, 2011 – April, 2015); President, Mammoth Home Theater (2009 – 2011); Vice President, Matrix Capital Markets (July, 2008 – October, 2009); Sr. Manager, Mergers and Acquisitions, Corporate Development, Circuit City Stores, Inc. (January, 2006 – July, 2008); Associate Vice President, BB&T Capital Markets (July, 1997 – December, 2005). Education: University of Virginia, Bachelor of Science (BS), Commerce
(1992 – 1997).



Leasing Industry Help Wanted

Anaheim, CA

Financial Pacific Leasing’s Commercial team in Anaheim, CA is growing their Documentation/Funding group and looking for someone with an keen attention to detail and ready for the opportunity to work hard, learn and grow.

Please click here for more information.
A subsidiary of Umpqua Ban

For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.


Beige Book Reports Business Improvement Despite Weather
Plus Modest to Moderate Demand for Commercial Leasing/Lending

Reports from the twelve Federal Reserve Districts suggest overall economic activity expanded during the reporting period
 from early April to late May.

Banking and Finance
Lending activity increased during the reporting period. Several districts, including Philadelphia, Richmond, Atlanta, St. Louis, and San Francisco reported modest to moderate increases in loan volumes. The New York District noted a strong, broad-based pick up in loan demand since the previous report; however, the Dallas District reported slower overall growth. Commercial and industrial loan demand improved in the Philadelphia, Cleveland, St. Louis, and San Francisco Districts, though it was characterized as stable in the Richmond and Kansas City Districts. Business lending expanded at a slower pace in the Dallas District, and the Chicago District saw an uptick in loan demand from small and large businesses, but weaker middle-market lending activity, particularly from the oil and gas industry. Commercial real estate financing held steady in the Kansas City District, while exhibiting continued strong growth in the New York, Cleveland, Chicago, and Dallas Districts.  




Lease Corporation of America Surpasses $1 Billion
in Lease Volume, 70,000 customers, $13,000 Average Deal

Lease Corporation of America (LCA), Troy, Michigan announces that as of April 30, 2015, it has, from its inception, extended credit to approximately 70,000 entities, including business, governmental units and charitable organizations.

This activity has involved over 88,000 financing transactions, with an average deal size of just over $13,000.  The aggregate amount of such transactions was just over $1 Billion.

John B. Kemp
Chairman, LCA

 “It has been an honor to serve the needs of our over 4,000+ vendor base by shortening their sales cycles and fulfilling the equipment financing needs of their customers.  Going forward LCA shall continue to invest in state-of-the-art technology for the benefit of its vendors and end users.

“LCA shall also increase the size and scope of its organization so that it may continue to better serve its national platforms.”

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)


Stick Mobility--Yoga to the Next Level
New Exercise for Individuals or Groups

Now doing "Stick Mobility" work outs with my personal trainer Dennis Dunphy, I.F.P.A, C.F.T., Campbell, California.

Amazing. Didn't know I had so many muscles not working.  I feel much better. More spring to my step.  More energy. I walk my dog off leash --- He now needs to keep up with me, when it used to be the other way around.

As I do these simple exercises, it is like practicing and my body learns,
and as important, my brain learns.  The breathing from the diaphragm is also important, as important as learning to use your brain with your body.

Surprising how these stick mobility exercises are so good for me physically and mentally. It may look easy, but you are always pushing or pressing the stick and also using it for balance, in some exercises. I am not getting those tired spells in the afternoon. Has to be Stick Mobility!
  Kit Menkin

Touching floor with stick, sliding hand to top,

Stretching arms, hips, shoulders

Working on hips, pressing stick to floor, turning hips

Stick Mobility aims to improve the mind and body of any human regardless of age or physical abilities (especially people of my age. I highly recommend it to you. Editor).

Facebook Page:


### Press Release ############################

IRS Announces Interest Rates Remain the Same
   for the Third Quarter of 2015

WASHINGTON – The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2015.  The rates will be:

  • three (3) percent for overpayments [two (2) percent in the case of a corporation];
  • one-half (0.5) percent for the portion of a corporate overpayment exceeding $10,000
  • three (3) percent for underpayments; and
  • five (5) percent for large corporate underpayments.

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis.  For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

The interest rates announced today are computed from the federal short-term rate determined during April 2015 to take effect May 1, 2015, based on daily compounding.

Revenue Ruling 2015-12 announcing the rates of interest: and will appear in Internal Revenue Bulletin 2015-26, dated June 29, 2015.

#### Press Release #############################


Fernando's View
By Fernando F. Croce

The box-office weekend opens with visions of a fanciful future ("Tomorrowland") and a somber present ("Good Kill"), while breezy comedy ("Focus"), intoxicating horror ("Da Sweet Blood of Jesus"), and an arthouse surprise ("Li'l Quinquin") come to DVD.

In Theaters:

Tomorrowland (Walt Disney Studios): Ace Pixar animator Brad Bird ("The Incredibles," "Ratatouille") continues his live-action blockbuster streak, following "Mission Impossible: Ghost Protocol" with this ambitious fantasy set in the future. George Clooney stars as Frank Walker, a former inventor whose boyish curiosity has with time yielded to jaded exile. He's gradually brought out of his shell by Casey (Britt Robertson), a young science enthusiast who stumbles onto Tomorrowland, a wondrous thrill-ride that seems to exist in strange, collective memory-world. While exploring this magical amusement park's many entrancing sections, Frank seems to finally be able to connect to his youthful dreams. But is there a price to pay for all this enchantment? Offering plenty of thoughtful, Spielbergian dazzle, Bird's fanciful film is a smart and exciting family adventure.

Good Kill (IFC Films): No stranger to thorny moral issues, writer-director Andrew Niccol ("Gattaca") takes a look at wartime dilemmas in this serious drama. Set mainly in the Las Vegas desert, the story focuses on Thomas Egan (Ethan Hawke), a U.S. Air Force Major whose days as a pilot are behind him, now that government drones have taken over as the preferred mode of airborne combat. Disillusioned with his position controlling attacks in the Middle East from the inside of a secret bunker, he has trouble connecting with his wife Molly (January Jones). After he learns of questionable business involving his superior (Bruce Greenwood), however, Thomas must make a choice that may forever change his life. An intelligent discussion of a complicated subject, the film benefits greatly from Hawke's appropriately haunted performance.

Netflix Tip: "Tomorrowland's" Brad Bird is just one in an honorable string of animators turned live-action directors. So check out some choice titles from previous crossover cartoonists, including Gregory LaCava ("My Man Godfrey"), Frank Tashlin ("The Girl Can't Help It"), and Terry Gilliam ("Brazil").


Focus (Warner Bros.): Recovering from the box-office flop of "After Earth," Will Smith is in suave fine form in this enjoyable comedy-drama, which follows in the same con-artist vein as "The Sting" and "House of Cards." Smith stars as Nicky Spurgeon, a veteran grifter who takes a young cheater named Jess (Margot Robbie) under his wing. Despite their romantic feelings for each other, they realize that true emotion can become a liability in their world of professional lying, so they go separate ways. Three years later, however, they meet again when Nicky is in the middle of his biggest job yet and Jess has blossomed into an experienced vamp. Will their renewed connection interfere with their current schemes? Directors Glenn Ficarra and John Requa ("Crazy, Stupid, Love") keep the numerous plot twists tart and elegant, enormously helped by the sexy, witty chemistry between Smith and Robbie.

Da Sweet Blood of Jesus (Anchor Bay): Spike Lee follows last year's intense "Oldboy" remake with another venture into baroque filmmaking, this time tackling the horror genre. Remaking the 1973 cult vampire favorite "Ganja & Hess," the controversial director tells the bloody, funky story of Dr. Greene (Stephen Tyrone Williams), a man who becomes literally bloodthirsty after being cursed by an ancient African artifact. While trying frantically to control his brutal new addiction, he falls into an obsessive romance with Ganja (Zaraah Abrahams), the gorgeous wife of an art curator. Can their relationship survive as deeper and darker secrets are revealed? Mixing gruesome thrills with sexy humor, Lee's movie is provocatively strange, rich with subtext, and brimming with stylistic intoxication.

Li'l Quinquin (Kino): With such dour features as "L'Humanite" and "Twentynine Palms" under his belt, French director Bruno Dumont would seem like the last person to come up with a laugh-out-loud police story. And yet that's exactly what he's wrought in this surprisingly wacky whodunit, which often plays like a spoof of his earlier films. The eponymous Quinquin (Alane Delhaye) is the scrappy leader of a group of young troublemakers in rural France, who accidentally stumble on the scene of a brutal crime. In steps a police inspector (Bernard Pruvost) to investigate, though the effect of these crimes on the children's worldview remains a constant theme. Originally edited from a sprawling television series, Dumont's most bizarre feature is also his most accessible work. With subtitles.


Saint Bernard
Denver, Colorado  Adopt-a-Dog

Animal ID: 27673115
Breed: Saint Bernard/Mix
Age: 3 years 2 months 3 days
Sex: Female
Size: XL
Color: Tan/White
Declawed: No
Site: MaxFund Dog Shelter
Location: Intake
Intake Date: 5/28/2015

"Hi! It's me, Sandy! I'm a St. Bernard mix gal, born in 2012, who's in need of a home. Maybe you will consider adding me to your family!

"I am playful and also well-mannered. I look big, but I've been called a "real lamb" and a "real lady."
(That's probably because I walk gently on leash and have nice manners!)

"I think I could make you and your family very happy for many years to come, so please visit with me soon, okay?"

MaxFund Dog Shelter
1005 Galapago St.,
Denver, CO 80204
Phone: 303-595-4917

Dog Shelter Hours:
Closed on Tuesdays
Mon, Wed, Thur & Fri - 10:00 - 4:00
Saturday - 11:00 - 5:00
Sunday - 12:00 - 5:00

Adoption Application:

Adopt a Pet



Attorneys Who Specialize in 
Banking, Finance, and Leasing

Birmingham, Alabama
The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel. 
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 

Kenneth C. Greene

California & Nevada
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film productioncin LA.  Mention "Leasing News" for a free consultation.
Skype: 424.235.1658
Connecticut, Southern New England: 
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. 
Los Angeles/Santa Monica
Hemar & Associates, Attorneys at Law
Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. 
Tel: 310-829-1948 
Los Angeles, Southern CA 
Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email:

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt collection, and bankruptcy.
Call Stephen E. Jenkins Esq (818) 501-3800

Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. 

Los Angeles, Statewide: CA      "ELFA"
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email:   

Los Angeles- Statewide, CA
Lawyer specializing in banking and leasing issues statewide. Documents and litigation. 
Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129 
Cell:(213) 268-8291

California & National

Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. 
(562) 426-1000

Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts /restructurings. 
Kevin Trabaris

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
Massachusetts (collection/litigation coast to coast) 
Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast.

Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067

National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection, 
billable litigation (704-969-3280)

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA). 

St. Louis County , MO. - statewide: 
Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. 
Ronald J. Eisenberg, Esq.
(636) 537-4645 x108
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, /
New York and New Jersey
Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years

Thousand Oaks, California: 
Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation.
Nick Iezza 805-777-1175


Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections | ph 315-866-1167

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)


News Briefs----

Mortgage rates rebound a little bit higher
  Thirty Year Goes from 4.0 to 4.03/Last Year 4.32

Ex-FIFA official says he’s got the goods on Sepp Blatter

Alta Group and Genpact Strengthen Tie-up for Global Commercial Equipment Finance Sector

Poydras Gaming Finance Corp. 1stQ Financial Results
Leasing revenue increased 321% to $656,088 from $155,881

Ex-Janesville bank president faces $50,000 fine, banking industry ban

FIFA Paid Ireland Millions Not to Sue Over 2010 World Cup Loss

Wearables Market Tops 11 Million in First Quarter a 200 percent increase from last year

Porsche Reports May 2015 Sales Up 7.6%




--You May Have Missed It

Subway is cutting fake colors and flavors.
  That won’t make it any healthier


SparkPeople--Live Healthier and Longer

Improve Your Balance in 3 Simple Steps
Easy Ways to Strengthen Your Core and Prevent Falls


Baseball Poem

Baseball and Writing 
Marianne Moore

(Suggested by post-game broadcasts)

Fanaticism?  No.  Writing is exciting
and baseball is like writing.
   You can never tell with either
      how it will go
      or what you will do;
   generating excitement--
   a fever in the victim--
   pitcher, catcher, fielder, batter.
          Victim in what category?
Owlman watching from the press box?
          To whom does it apply?
          Who is excited?  Might it be I?
It's a pitcher's battle all the way--a duel--
a catcher's, as, with cruel
   puma paw, Elston Howard lumbers lightly
      back to plate.  (His spring
   de-winged a bat swing.)
   They have that killer instinct;
   yet Elston--whose catching
   arm has hurt them all with the bat--
          when questioned, says, unenviously,
"I'm very satisfied.  We won."
          Shorn of the batting crown, says, "We";
          robbed by a technicality. 
When three players on a side play three positions
and modify conditions,
   the massive run need not be everything.
      "Going, going . . . "  Is
      it?  Roger Maris
   has it, running fast.  You will
   never see a finer catch.  Well . . .
   "Mickey, leaping like the devil"--why
          gild it, although deer sounds better--
snares what was speeding towards its treetop nest,
          one-handing the souvenir-to-be
          meant to be caught by you or me.
Assign Yogi Berra to Cape Canaveral;
he could handle any missile.
   He is no feather.  "Strike! . . . Strike two!"
      Fouled back.  A blur.
      It's gone.  You would infer
   that the bat had eyes.
   He put the wood to that one.
Praised, Skowron says, "Thanks, Mel.
   I think I helped a little bit."
          All business, each, and modesty.
        Blanchard, Richardson, Kubek, Boyer.
          In that galaxy of nine, say which
          won the pennant?  Each.  It was he. 
Those two magnificent saves from the knee-throws
by Boyer, finesses in twos--
   like Whitey's three kinds of pitch and pre-
      with pick-off psychosis.
   Pitching is a large subject.
   Your arm, too true at first, can learn to
   catch your corners--even trouble
          Mickey Mantle.  ("Grazed a Yankee!
My baby pitcher, Montejo!"
          With some pedagogy,
          you'll be tough, premature prodigy.)
They crowd him and curve him and aim for the knees.  Trying indeed!  The secret implying:
   "I can stand here, bat held steady."
      One may suit him;
       none has hit him.
   Imponderables smite him.
   Muscle kinks, infections, spike wounds
   require food, rest, respite from ruffians.  (Drat it!
          Celebrity costs privacy!)
Cow's milk, "tiger's milk," soy milk, carrot juice,
          brewer's yeast (high-potency--
          concentrates presage victory
sped by Luis Arroyo, Hector Lopez--
deadly in a pinch.  And "Yes,
   it's work; I want you to bear down,
      but enjoy it
      while you're doing it."
   Mr. Houk and Mr. Sain,
   if you have a rummage sale,
   don't sell Roland Sheldon or Tom Tresh.
          Studded with stars in belt and crown,
the Stadium is an adastrium.
          O flashing Orion,
          your stars are muscled like the lion.  

From The Complete Poems of Marianne Moore. Copyright © 1961 Marianne Moore, © renewed 1989 by Lawrence E. Brinn and Louise Crane, executors of the Estate of Marianne Moore.




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This Day in American History

     1637 - The English and their Mohegan allies slaughtered as many as 600 Pequot Indians in the Connecticut colony. The survivors were parceled out to other tribes. Those given to the Mohegans eventually became the Mashantucket Pequots.
    1723 – Adam Smith (1723-90) was born in Scotland.  He was a moral philosopher, pioneer of political economy, and a key Scottish enlightenment figure.  Smith is best known for two classic works: “The Theory of Moral Sentiments” (1759) and “An Inquiry into the Nature and Causes of the Wealth of Nations” (1776). The latter, usually abbreviated as “The Wealth of Nations”, is considered the first modern work of economics. Smith is cited as the "father of modern economics" and is still among the most influential thinkers in the field of economics today.  Smith laid the foundations of classical free market economic theory. “The Wealth of Nations” was a precursor to the modern academic discipline of economics. In this and other works, he expounded upon how rational self-interest and competition can lead to economic prosperity.   How many remember those economics classes in college, and Adam smith and John Maynard Keynes?
    1752 - Benjamin Franklin flew a kite for the first time to demonstrate that lightning was a form of electricity.
    1794 – Congress prohibited citizens from serving in foreign armed forces
    1805 – The first recorded tornado in "Tornado Alley", in Southern Illinois.
    1817 – The first Great Lakes steamer, Frontenac, was launched.
    1836 - Birthday of Mr. Leslie, a Woman, who willed Feminism $2 million. After the bankruptcy and death of her husband Frank, Miriam Florence Folline Leslie rebuilt the Leslie publishing empire, changed her name officially to Mrs. Frank Leslie and willed $2 million to Carrie Chapman Catt personally to forward the cause of women's suffrage. History was advanced by the bequest. It would cost Catt more than a million dollars in legal fees to fight the family challenge. (The family ignored the fact that Miriam helped build and then single-handedly rebuilt the publishing empire and earned the money herself). The challenges left women's suffrage with about $800,000.  Catt used the money to set up a wonderful publicity and information bureau named after Leslie. Newspapers, magazines, and leaflets went out to millions of people swaying them to support women's suffrage and organizing them. It was the greatest publicity blitz in the history of this nation - and perhaps the world. After Mr. Frank died broke in 1880, Miriam, who had personally edited several of the publications, took over the management of the floundering publishing empire and gained the title of the "Joan of Arc of American publishing." The Leslie publishing empire consisted of a number of weekly and monthly magazines, the most successful and popular publications of their time. They supported the Leslies luxuriously. Leslie became a legendary party hostess and her life was as intricate as any fiction. She started off on the stage in an act that starred the legendary Lola Montez. She married a Leslie publications editor and before her divorce, shared her life and her husband's home with publisher Frank Leslie whom she eventually married in a renowned ménage a trois. After Leslie's death, she was married for a short time to the brother of Oscar Wilde. The details of the Leslie Legacy and how Catt used the money can be found in the Leslie documents in the WiiN library.
    1848 - Army officer John C. Fremont submitted his "Geographical Memoir" to the US Senate where the SF Bay entrance was called Chrysopylae (Golden Gate). He had in mind the Chrysoceras (Golden Horn) of Constantinople, and suggested that the SF Bay would be advantageous for commerce.
    1850 – Pat Garrett, (1850-1908) famous for killing Billy the Kid, was born in Cussetta, AL.  On November 7, 1880, Garrett was appointed Sheriff of Lincoln County, NM, charged with tracking down an alleged friend, Henry McCarty, and William Harrison Bonney, better known as "Billy the Kid". On July 14, 1881, Garrett came upon Bonney at a home and shot him twice, killing him almost instantly.
    1851 – Harriet Beecher Stowe's anti-slavery serial, “Uncle Tom's Cabin”, or “Life Among the Lowly”, started a ten-month run in the “National Era” abolitionist newspaper. Although the small weekly had a very small circulation, the copy was passed around, and became so popular a Boston publisher compiled it into a book and published it in March, 1852. Many to this day claim it as the major cause of the Civil War, which was in reality brewing for over fifty years as each new state or territory entered the Union and was to be voted a “free” or “slave” territory or state.
    1859 - Frost was reported from Iowa to New England. The temperature dipped to 25 degrees in New York State, and up to two inches of snow blanketed Ohio. The cold and snow damaged the wheat crop.
    1864 - Union forces under General David Hunter rout a Confederate force led by General William "Grumble" Jones, giving the North their first real success in the 1864 Shenandoah campaign, the Battle of Piedmont.  Six hundred soldiers were killed or wounded, and another 1,000 were captured; the Yankees lost 800. Rebel opposition evaporated, and Hunter entered Staunton the next day. The victory cleared the way for Union occupation of the upper Shenandoah Valley.
    1865 - The first safe deposit vault was opened in New York. The charge was $1.50 a year for every $1,000 that was stored.
    1872 - Seeking to test for women the citizenship and voting rights extended to black males under the 14th and 15th amendments, Susan B. Anthony led a group of women who registered and voted at a Rochester, NY election. She was arrested, tried and sentenced to pay a fine. She refused to do so and was allowed to go free by a judge who feared she would appeal to a higher court.
    1875 - Pacific Stock Exchange formally opened
    1876 - Bananas become popular in the U.S., after the Centennial Exposition in Philadelphia
    1877 - New York passed the first Margarine Law, “an act for the protection of dairymen and to prevent deception in sales of butter.” (Which is butter, can you tell the difference?).  In 1872, Alfred Paraf of New York City organized the Oleo-Margarine Manufacturing Company. In 1873, he obtained a patent on his process for purifying and separating fats. In 1911, Procter and Gamble introduced Crisco, “a creamy-white all-vegetable shortening, odorless and tasteless, made from cottonseed oil.” We were off to artificial foods.
    1878 – Pancho Villa (1878-1923) was born José Doroteo Arango Arámbula in Durango, Mexico.  A prominent Mexican Revolutionary general, he terrorized northern Mexico and crossed into New Mexico and Texas in the mid 19-teens.  Army General John J. Pershing tried unsuccessfully to capture Villa in a nine-month pursuit that ended when the United States entered into World War I and Pershing was recalled.  It wasn’t until 1923, essentially semi-retired in Mexico, when he was killed in an ambush outside Parral, Chihuahua, the state of which he was once Governor.
    1883 – John Maynard Keynes (1883-1946) was born in Cambridge, England.  A British economist whose ideas fundamentally affected the theory and practice of modern macroeconomics and the economic policies of governments, he built on and greatly refined earlier work on the causes of business cycles, and he is widely considered to be one of the most influential economists of the 20th century and a founder of modern macroeconomics.  His ideas are known as Keynesian economics.  In the 1930s, in the midst of the Great Depression, Keynes spearheaded a revolution in economic thinking, challenging neoclassical economics that held that free markets would, in the short to medium term, automatically provide full employment, as long as workers were flexible in their wage demands. Keynes instead argued that aggregate demand determined the overall level of economic activity and that inadequate aggregate demand could lead to prolonged periods of high unemployment. According to Keynesian economics, state intervention was necessary to moderate "boom and bust" cycles of economic activity, using fiscal and monetary policies to mitigate the adverse effects of economic recessions and depressions. Following the outbreak of World War II, Keynes' ideas concerning economic policy were adopted by leading Western economies. Keynes died in 1946, but during the 1950s and 1960s, the success of Keynesian economics resulted in almost all capitalist governments adopting its policy recommendations.  What are the odds the two of history’s most influential thinkers on economics, Keynes and Adam Smith, would share the same birthday 160 years apart? 
    1884 - Civil War hero General William T. Sherman refused the Republican presidential nomination, saying, "I will not accept if nominated and will not serve if elected."
    1895 - William Boyd (1895-1972) was born at Hendrysburg, OH. Boyd went to Hollywood in 1919 and got a job as a film extra. His first major starring role was in “The Volga Boatman” (1926). In 1935, he got the role of Hopalong Cassidy in a series of popular westerns. He made 66 of these films between 1935 and 1948. Some of them were edited and shown on television. Boyd then made some episodes especially for TV. This was one of the most popular early television shows in the early 1950's where we all wore black, white cowboy hats, and two six guns on our belt. For two points, name two of Hoppy's sidekick? (he had several). Three extra points, the name of his horse? Now, don't use the internet---use your memory.   [Coincidence:  While at Cornell in the mid-1960s, the campus radio station, WVBR for Very Best Radio, held trivia contests…long before Trivial Pursuit came out.  One night the question was “Name Hopalong Cassidy’s sidekicks not named Gabby Hayes, and name his horse”.  The sidekicks were guessed almost immediately but it took four nights before his horse was identified – Topper!  And my lunch box in kindergarten was a Hopalong Cassidy!]
    1899 - Birthday of drummer Paul Barbarin (1899-1969), New Orleans, LA.
    1907 - Automatic washer and dryer are introduced
    1911 - Cornetist Pete Daily (1911-86) was born Portland, IN.
    1912 - US marines invaded Cuba (3rd time).
    1916 - In Cleveland, Babe Ruth, pitching for the Red Sox, shut out the Indians, 5-0, on five hits, extending his streak to 24 straight scoreless innings. He also went 2 for 3 at the plate.
    1917 – Conscription began in the United States as "Army registration day".
    1919 - Birthday of Richard McClure Scarry (1919-94) at Boston, MA.  Author and illustrator of children's books. Two widely known books of the more than 250 Scarry authored are “Richard Scarry's Best Word Book Ever” (1965) and “Richard Scarry's Pleases and Thank You” (1973). The pages are crowded with small animal characters that lived like humans. More than 100 million copies of his books sold worldwide.
    1920 – Marion Motley (1920-99) was born in Leesburg, GA.  Elected to the Pro Football Hall of Fame in 1998, Motley still holds the career record for fullbacks with a 5.7 yards per carry average.  He is generally regarded as the first fullback in pro football to be used for all downs rather than short yardage and just blocking.  He was a member of the Cleveland Browns, first of the All-American Football Conference, then the NFL after the merger.  In 1946, he and Bill Willis became two of the first African-Americans to play professional football in the modern era. In every year (1946-53) he played for the Browns, they were in either the AAFC or NFL Championship games, winning in 1946-50.
    1922 - Birthday of drummer Specs Powell (1922-2007), New York City.

    1924 - Ernst F. W. Alexanderson transmitted the first facsimile message across the Atlantic Ocean.
    1926 - Singer Bill Hayes was born in Harvey, Illinois. He had a number one hit in 1955 with "The Ballad of Davy Crockett," outselling a version by Fess Parker, star of the Disney movie. Coonskin hats were big that year.  Hayes was also a singer on the Sid Caesar and Imogene Coca variety show “Your Show of Shows” in the early 1950s.
    1932 - Birthday of pianist Pete Jolly (1932-2004) was born Peter Cergioli in New Haven, CT.
    1933 – President Roosevelt signed the bill that took the US off of the gold standard
    1934 - President Roosevelt signed the Securities Exchange Act that established the SEC. Wall Street had operated almost unfettered since the end of the eighteenth century. However, the stock market crash of 1929 necessitated regulation of the exchanges. The Securities Exchange Commission is composed of five members appointed by the President.
    1937 - War Admiral, a son of Man O' War, became the fourth horse to win the Triple Crown when he captured the Belmont Stakes by three lengths over Sceneshifter.  Ridden by Charles Kurtsinger, War Admiral covered the 1 ½ miles in 2:238.3. Pompoon, second in the Kentucky Derby and the Preakness, finished out of the money.
    1937 - Henry Ford initiated a 32 hour work week at all Ford plants.
    1939 - Gary U.S. Bonds’ birthday, singer, songwriter, born Gary Levone Anderson in Jacksonville, FL.  Bonds' first hit was the song "New Orleans", which was followed by "Not Me", a flop for Bonds but later a hit for The Orlons, and then by his only number one hit, "Quarter to Three" in June, 1961. "Quarter To Three" sold one million records, earning a gold disc.  Subsequent hits, under his modified name, included "School Is Out" (#5), "Dear Lady Twist" (#9), "School Is In" (#28) and "Twist, Twist, Señora" (#10) in the early 1960s.
    1940 – The first synthetic rubber tire was exhibited in Akron, OH.
    1941 - Trumpet player Roy Eldridge with the Gene Krupa Band records "After You've Gone" (Okeh Records.)
    1941 – Robert Kraft, owner of the four-time Super Bowl Champion New England Patriots, was born in Brookline, MA.
    1942 - Sammy Kaye and his Swing and Sway Orchestra record the classic "I Left My Heart at the Stage Door Canteen" for Victor Records.
    1942 – An explosion at the Elwood Ordnance Plant near Joliet, IL killed 54
    1942 - *FLEMING, RICHARD E., Medal of Honor
Rank and organization: Captain, U.S. Marine Corps Reserve. Born: 2 November 1917, St. Paul, Minn. Appointed from: Minnesota. Citation: For extraordinary heroism and conspicuous intrepidity above and beyond the call of duty as Flight Officer, Marine Scout Bombing Squadron 241, during action against enemy Japanese forces in the battle of Midway on 4 and 5 June 1942. When his Squadron Commander was shot down during the initial attack upon an enemy aircraft carrier, Capt. Fleming led the remainder of the division with such fearless determination that he dived his own plane to the perilously low altitude of 400 feet before releasing his bomb. Although his craft was riddled by 179 hits in the blistering hail of fire that burst upon him from Japanese fighter guns and antiaircraft batteries, he pulled out with only 2 minor wounds inflicted upon himself. On the night of 4 June, when the squadron commander lost his way and became separated from the others, Capt. Fleming brought his own plane in for a safe landing at its base despite hazardous weather conditions and total darkness. The following day, after less than 4 hours' sleep, he led the second division of his squadron in a coordinated glide-bombing and dive-bombing assault upon a Japanese battleship. Undeterred by a fateful approach glide, during which his ship was struck and set afire, he grimly pressed home his attack to an altitude of 500 feet, released his bomb to score a near miss on the stern of his target, then crashed to the sea in flames. His dauntless perseverance and unyielding devotion to duty were in keeping with the highest traditions of the U.S. Naval Service.
    1942 - Bobby Sherwood Band records “Elks' Parade” (Cap 107).
    1943 - Count Fleet, ridden by Johnny Longden, won the Belmont Stakes with a wire-to-wire performance. Fairly Manhurst was a distant second, 30 lengths behind. Count Fleet, the heavy favorite, thus became the sixth horse to win racing’s Triple Crown: the Kentucky Derby, the Preakness, and the Belmont.
    1943 - The L.A. Zoot Suit Riot continues with attacks on all "pachuco"-looking males. A group of musicians leaving the Aztec Recording Company on Third and Main Streets are attacked. Attorney Manuel Ruíz and other Mexican American professionals meet with city officials. Carey McWilliams calls California Attorney General Robert Kenny to encourage Governor Earl Warren to appoint an investigatory commission.
    1944 - More than 1,000 British bombers drop 5,000 tons of bombs on German gun batteries placed at the Normandy assault area. At the same time, an Allied armada headed for the Normandy beaches in Operation Neptune, an attempt to capture the port at Cherbourg. But that was not all. In order to deceive the Germans, phony operations were run; dummy parachutists and radar-jamming devices were dropped into strategically key areas so as to make German radar screens believe there was an Allied convoy already on the move. One dummy parachute drop succeeded in drawing an entire German infantry regiment away from its position just six miles from the actual Normandy landing beaches. All this effort was to scatter the German defenses and make way for Operation Overlord, the Allied invasion of Normandy.   Also, General Eisenhower decided that the invasion would be tomorrow, the 6th of June.
    1944 - VANCE, LEON R., Jr., (Air Mission) Medal of Honor
Rank and organization: Lieutenant Colonel, U.S. Army Corps, 489th Bomber Group. Place and date: Over Wimereaux. France, 5 June 1944. Entered service at. Garden City, N.Y. Born: 11 August 1916, Enid, Okla. G.O. No. 1, 4 January 1 945. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty on 5 June 1944, when he led a Heavy Bombardment Group, in an attack against defended enemy coastal positions in the vicinity of Wimereaux, France. Approaching the target, his aircraft was hit repeatedly by antiaircraft fire which seriously crippled the ship, killed the pilot, and wounded several members of the crew, including Lt. Col. Vance, whose right foot was practically severed. In spite of his injury, and with 3 engines lost to the flak, he led his formation over the target, bombing it successfully. After applying a tourniquet to his leg with the aid of the radar operator, Lt. Col. Vance, realizing that the ship was approaching a stall altitude with the 1 remaining engine failing, struggled to a semi-upright position beside the copilot and took over control of the ship. Cutting the power and feathering the last engine he put the aircraft in glide sufficiently steep to maintain his airspeed. Gradually losing altitude, he at last reached the English coast, whereupon he ordered all members of the crew to bail out as he knew they would all safely make land. But he received a message over the interphone system which led him to believe 1 of the crewmembers was unable to jump due to injuries; so he made the decision to ditch the ship in the channel, thereby giving this man a chance for life. To add further to the danger of ditching the ship in his crippled condition, there was a 500-pound bomb hung up in the bomb bay. Unable to climb into the seat vacated by the copilot, since his foot, hanging on to his leg by a few tendons, had become lodged behind the copilot's seat, he nevertheless made a successful ditching while lying on the floor using only aileron and elevators for control and the side window of the cockpit for visual reference. On coming to rest in the water the aircraft commenced to sink rapidly with Lt. Col. Vance pinned in the cockpit by the upper turret which had crashed in during the landing. As it was settling beneath the waves an explosion occurred which threw Lt. Col. Vance clear of the wreckage. After clinging to a piece of floating wreckage until he could muster enough strength to inflate his life vest he began searching for the crewmember that he believed to be aboard. Failing to find anyone he began swimming and was found approximately 50 minutes later by an Air-Sea Rescue craft. By his extraordinary flying skill and gallant leadership, despite his grave injury, Lt. Col. Vance led his formation to a successful bombing of the assigned target and returned the crew to a point where they could bail out with safety. His gallant and valorous decision to ditch the aircraft in order to give the crewmember he believed to be aboard a chance for life exemplifies the highest traditions of the U.S. Armed Forces.
    1944 - The first B-29 bombing raid hit the Japanese rail line in Bangkok, Thailand.  It was the B-29 Enola Gay that dropped the first atomic bombs on Japan a year later, bringing the empire to its knees.
    1945 - HARR, HARRY R., Medal of Honor
Rank and organization: Corporal, U.S. Army, Company D, 124th Infantry, 31st Infantry Division. Place and date: Near Maglamin, Mindanao, Philippine Islands, 5 June 1945. Entered service at: East Freedom, Pa. Birth: Pine Croft, Pa. G.O. No.: 28, 28 March 1946. Citation: He displayed conspicuous gallantry and intrepidity. In a fierce counterattack, the Japanese closed in on his machinegun emplacement, hurling hand grenades, 1 of which exploded under the gun, putting it out of action and wounding 2 of the crew. While the remaining gunners were desperately attempting to repair their weapon another grenade landed squarely in the emplacement. Quickly realizing he could not safely throw the unexploded missile from the crowded position, Cpl. Harr unhesitatingly covered it with his body to smother the blast. His supremely courageous act, which cost him his life, saved 4 of his comrades and enabled them to continue their mission.
    1945 - The Allied Control Council, the military occupation governing body of Germany, formally assumed power.
    1945 - Stan Kenton Band swings Tara theme on “Southern Scandal”, Capitol.
    1947 - In a speech at Harvard, Secretary of State George C. Marshall called for economic aid to war-torn Europe in what became known as The Marshall Plan.
    1948 - Top Hits
“Nature Boy” - Nat King Cole
“Toolie Oolie Doolie” - The Andrews Sisters
“Baby Face” - The Art Mooney Orchestra
“Texarkana Baby” - Eddy Arnold
    1948 – Richie Ashburn of the Philadelphia Phillies hit safely for the 23rd consecutive game in a Phillies 6-5 win over the Cubs at Wrigley Field, setting a National League record for rookies. Benito Santiago will break the record by hitting safely in 34 straight games in 1987.
    1952 – In the first nationally-televised sporting event, ‘Jersey' Joe Walcott defended his heavyweight-boxing title by out-pointing Ezzard Charles in Philadelphia. Jersey Joe would lose the heavyweight crown four months later to Rocky Marciano.
    1954 - Birthday of drummer Peter Erskine, Somers Point, NJ
    1955 – The Yankees’ Mickey Mantle hit a 550’ HR off the White Sox Billy Pierce.
    1956 - Top Hits
“The Wayward Wind” - Gogi Grant
“Standing on the Corner” - The Four Lads
“I'm in Love Again” - Fats Domino
“Blue Suede Shoes” - Carl Perkins
    1956 - Elvis Presley made his second appearance on Milton Berle's "Texaco Star Theatre". Elvis sang "Heartbreak Hotel", his number one hit. Berle loved it, and even swung his hips afterwards. The TV critics called Elvis' appearance on the show “a bad joke.” One major critic said his performance looked “like the mating dance of an aborigine.” When Presley later appeared on Ed Sullivan's show, he was shown only from the waist up.
    1956 – Kenny G was born Kenneth Bruce Gorelick in Seattle.
    1957 - New York narcotics investigator, Dr. Herbert Berger, urged the AMA to investigate the use of stimulating drugs by athletes.
    1958 - The L.P. "Johnny Mathis' Greatest Hits" went to number 1 in the US. It stayed on the charts for 490 weeks, setting a longevity record that would not be broken until the 1980s by Pink Floyd's, "Dark Side of the Moon".
    1958 – The Yankees defeated the Chicago White Sox, 12-5.  In the 3d inning Mickey Mantle legged out an inside-the-park HR, his third in the MONTH!
    1959 - Bob Zimmerman graduated from high school in Hibbing, MN, the same year I graduated from University High School in West Los Angeles. Zimmerman was known as a greaser to classmates in the remote rural community because of his long sideburns and leather jacket. Soon, Zimmerman would be performing at coffee houses at the University of Minnesota in Minneapolis, and later, in Greenwich Village in New York City. He would also change his name to Bob Dylan (after poet Dylan Thomas, so the story goes).
    1959 – Dick Stuart of the Pittsburgh Pirates became the first player in the history of Forbes Field to homer over the centerfield fence, 457 feet away.
    1960 - Brenda Lee's "I'm Sorry" entered the pop charts, eventually making it to number one. The flip side, "That's All You Gotta Do," also turned out to be a sizeable hit.
    1961 - The American Basketball League, a short-lived challenger to the NBA, adopted a three-point field goal, an innovation that was later approved successively by the NBA, American Basketball Association, the BMA and the NCAA.
    1963 - The first African-Americans graduated from the Air Force Academy in Colorado Springs, CO, receiving their Bachelor of Science degrees: Charles Vernon Bush, Isaac Sanders Payne IV, and Roger Bernard Sims.
    1963 - Protesters against the arrest of Ayatollah Khomeini by the Shah of Iran, Mohammed Reza Pahlavi, generated masses of angry demonstrators who are confronted by tanks and paratroopers.
    1964 - Top Hits
“Love Me Do” - The Beatles
“Chapel of Love” - The Dixie Cups
“Love Me with All Your Heart” - The Ray Charles Singers
“My Heart Skips a Beat” - Buck Owens
    1965 – Jeff Spicoli’s favorite song, “Wooly Booly” by Sam the Sham and The Pharaohs hit #1.
    1966 - Video clips of the Beatles performing "Paperback Writer" and "Rain" were shown on the "Ed Sullivan Show."
    1967 - New franchises in the National Hockey League were awarded to the Minnesota North Stars, the California Golden Seals and the Los Angeles Kings. The North Stars moved to Dallas in the mid-1990s and the Golden Seals are now nonexistent
    1967 – The Six Day War between Israel and Egypt began when Israel launched surprise strikes against Egyptian air-fields in response to the mobilization of Egyptian forces on the Israeli border.
    1967 – Mass murderer Richard Speck was sentenced to death in the electric chair.
    1968 - Senator Robert Kennedy was shot at the Biltmore Hotel in Los Angeles, having just won the California Democratic presidential primary.  He died the following day. Sirhan Bishara Sirhan, a Palestinian, was convicted of his murder. I covered the afternoon portion for a period of time as news producer for ABC-TV News, and ran the night West Coast desk.
    1969 - R'n'B singer Brian McKnight was born in Buffalo, NY.
    1971 - Rapper and actor Marky Mark’s birthday, born Mark Wahlberg in Boston.
    1971 - CAVAIANI, JON R., Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Vietnam Training Advisory Group, Republic of Vietnam. Place and date: Republic of Vietnam, 4 and 5 June 1971. Entered service at: Fresno, Calif. Born: 2 August 1943, Royston, England. Citation: S/Sgt. Cavaiani distinguished himself by conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty in action in the Republic of Vietnam on 4 and 5 June 1971 while serving as a platoon leader to a security platoon providing security for an isolated radio relay site located within enemy-held territory. On the morning of 4 June 1971, the entire camp came under an intense barrage of enemy small arms, automatic weapons, rocket-propelled grenade and mortar fire from a superior size enemy force. S/Sgt. Cavaiani acted with complete disregard for his personal safety as he repeatedly exposed himself to heavy enemy fire in order to move about the camp's perimeter directing the platoon's fire and rallying the platoon in a desperate fight for survival. S/Sgt. Cavaiani also returned heavy suppressive fire upon the assaulting enemy force during this period with a variety of weapons. When the entire platoon was to be evacuated, S/Sgt. Cavaiani unhesitatingly volunteered to remain on the ground and direct the helicopters into the landing zone. S/Sgt. Cavaiani was able to direct the first 3 helicopters in evacuating a major portion of the platoon. Due to intense increase in enemy fire, S/Sgt. Cavaiani was forced to remain at the camp overnight where he calmly directed the remaining platoon members in strengthening their defenses. On the morning of S June, a heavy ground fog restricted visibility. The superior size enemy force launched a major ground attack in an attempt to completely annihilate the remaining small force. The enemy force advanced in 2 ranks, first firing a heavy volume of small arms automatic weapons and rocket-propelled grenade fire while the second rank continuously threw a steady barrage of hand grenades at the beleaguered force. S/Sgt. Cavaiani returned a heavy barrage of small arms and hand grenade fire on the assaulting enemy force but was unable to slow them down. He ordered the remaining platoon members to attempt to escape while he provided them with cover fire. With 1 last courageous exertion, S/Sgt. Cavaiani recovered a machine gun, stood up, completely exposing himself to the heavy enemy fire directed at him, and began firing the machine gun in a sweeping motion along the 2 ranks of advancing enemy soldiers. Through S/Sgt. Cavaiani's valiant efforts with complete disregard for his safety, the majority of the remaining platoon members were able to escape. While inflicting severe losses on the advancing enemy force, S/Sgt. Cavaiani was wounded numerous times. S/Sgt. Cavaiani's conspicuous gallantry, extraordinary heroism and intrepidity at the risk of his life, above and beyond the call of duty, were in keeping with the highest traditions of the military service and reflect great credit upon himself and the U.S. Army.
    1971 - Tickets went on sale for a Grand Funk Railroad concert at Shea Stadium in New York. All seats were sold within 72 hours, and the concert grossed more than $300,000. That was about $2,000 more than the Beatles grossed at their 1965 Shea concert.
    1972 - Top Hits
“I'll Take You There” - The Staple Singers
“The Candy Man” - Sammy Davis, Jr.
“Sylvia's Mother” - Dr. Hook & The Medicine Show
“The Happiest Girl in the Whole U.S.A.” - Donna Fargo
    1977 – The Apple II computer, with 4k of memory, went on sale for $1,298. Its predecessor, the Apple I, was sold largely to electronic hobbyist the previous year. I was one of the first users, teaching my children how to work on this computer (I still have it). We also were doing much of the original Apple Computer leasing. Various versions were released thereafter, including Lisa, until the MacIntosh ended the line on January 24, 1984. Developer Steve Wozniak had created the Apple I to impress his friends in the Homebrew Computer Club in the early 1970s. Wozniak's sidekick, Steve Jobs, urged his friend to create a computer they could sell, and the two started Apple Computer in Jobs' garage. The Apple II boasted a color screen and a built-in version of the BASIC computer language.
    1978 - Proposition 13 passed. California voters (65 percent of them) supported a primary election ballot initiative to cut property taxes 57 percent. It was regarded as a possible omen of things to come across the country - a taxpayer's revolt against high taxes and government spending. Does not apply to houses bought after the passage, and ironically with the high prices of houses sold, the property tax has been a boon to school districts, who received 65% of their funds in property tax in California.
    1978 - “20/20” premiered on TV. An hourly newsmagazine developed by ABC to compete with CBS' “60 Minutes”, its original hosts, Harold Hayes and Robert Hughes, were cut after the first show and replaced by Hugh Downs. Barbara Walters became co-anchor in 1984. The show consisted of investigative and background reports. Contributors to the show have included Tom Jarriel, Sylvia Chase, Geraldo Rivera, Thomas Hoving, John Stossel, Lynn Sherr and Stone Phillips.
    1980 - Top Hits
“Funkytown” - Lipps, Inc.
“Coming Up” - Paul McCartney & Wings
“Don't Fall in Love with a Dreamer” - Kenny Rogers with Kim Carnes
“My Heart” - Ronnie Milsap
    1980 - The movie "Urban Cowboy," starring John Travolta, premiered in Houston. Much of the movie was shot in "Gilley's," the bar owned at the time by singer Mickey Gilley.
    1981 - The Centers for Disease Control first described in a newsletter a new illness striking gay men. On July 27, 1982, Acquired Immune Deficiency Syndrome, “AIDS”, was adopted by the CDC as the official name for the new disease. The virus that causes AIDS was identified in 1983 and in May, 1985, was named Human Immunodeficiency Virus (HIV) by the International Committee on the Taxonomy of Viruses.  The first person killed by this disease in the developed world died in 1959.
    1987 – Dr. Mae Jemison becomes first Black female astronaut.
    1987 - Canadian pop star Bryan Adams joined former Beatles Ringo Starr and George Harrison on stage at Wembley Arena in London for the finale to the second annual Prince's Trust rock gala. The three, along with Elton John, Boy George, Eric Clapton and Ben E. King, brought the crowd of 8,000 to their feet with a rendition of King's hit, "Stand By Me." Among the audience were Prince Charles and his wife, Diana. Charles set up the Prince's Trust fund in 1976 to help young people who are socially, economically or physically handicapped.
    1988 - Top Hits
“One More Try” - George Michael
“Shattered Dreams” - Johnny Hates Jazz
“Naughty Girls (Need Love Too)” - Samantha Fox
“What She Is (Is a Woman in Love)” - Earl Thomas Conley
    1989 – SkyDome opened in Toronto with the Milwaukee Brewers defeating the Blue Jays, 5-3.
    1993 - Singer Mariah Carey married her boss, Sony Music president Tommy Mottola, at a Manhattan church. Among the celebrities in attendance:  Robert DeNiro, Barbra Streisand, Bruce Springsteen and Billy Joel and wife, Christie Brinkley. Carey and Mottola separated in 1997.
    1998 - Just three weeks after Notah Begay III became the third professional golfer to shoot a record-low round of 59 in a professional tournament, Doug Dunakey became the fourth golfer to do so. Dunakey carded 10 birdies and an eagle in the second round of the Miami Valley Open, a Nike Tour event, in Springboro, OH. Needing only a par on the 18th hole to finish with 58, Dunakey three-putted from 25 feet for a bogey. He didn't win the tournament, though. Craig Bowden did, shooting 16-under-par, two shots better than Dunakey.
    1998 - A strike began at General Motors’ parts factory in Flint, MI that quickly spread to five other assembly plants. The strike lasted seven weeks.
    2001 – Tropical Storm Allison made landfall on the upper-Texas coastline as a strong tropical storm and dumped large amounts of rain over Houston. The storm caused $5.5 billion in damages, making Allison the costliest tropical storm in U.S. history.
    2012 - The Wisconsin Senate recall election was held, and Wisconsin voters re-elected incumbent governor Scott Walker.
    2012 - Venus made its last transit of the 21st century beginning at 22:09 UTC June 5, and ending 4:49 UTC June 6 
    2012 – Ian Desmond of the Washington Nationals drove in the tying run in the 8th, then again in the 10th and once more in the 12th for good measure, as the Nats finally beat the Mets, 7-6. The Elias Sports Bureau reported that he is the first player since the Mets’ Art Shamsky in 1966 to have three game-tying or go-ahead RBIs from the 8th inning on in the same game.
    2014 - Donald Sterling, the L.A. Clippers owner banned from the NBA after making racist remarks, dropped a lawsuit fighting the forced sale of the team.  The pending sale to former Microsoft exec Steve Ballmer was later approved by the NBA owners.

NBA Champions
    1977 - Portland Trail Blazers



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