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Port Leasing Sales Officer - Port of Long Beach:
conducts/oversees negotiations for leases, permits, property acquisition;
prepares lease proposals; negotiates prop. acquisition; neg. lease
agreements with new/exisiting tenants; develops financial info.
to analyze lease proposals. College degree expected. Contact:
Stuart Satow, CPS Executive Search 916-263-1401, ssatow@cps.ca.gov Recruitment brochure |
Thursday, June 24,2004
Headlines---
Classified
Ads----Sr. Credit Officer/Senior Management
RW Professional Leasing Trial to Start Oct. 14th
Weekly
Bulletin Board Complaint Report
Liberty
Financial Group Acquires Diversied's Portfolio
PayNet
Unveils the Definitive Truck Lending Credit Score
US
Express Leasing Launches Revolutionary Service
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Editor’s Note: We try to publish daily Monday through Friday,
but if there is not enough equipment leasing news, we do not issue an
edition. If there is a breaking
news story of major importance, we will issue the news as an edition
or “extra edition.” Advertisers receive an extra day.
-------------------------------------------------------------------------------
Classified
Ads----Senior Credit Officer/Senior Management
It’s not only lonely
at the top, it’s more difficult to find a similar
position. Here are a lot of talented people. Make them an offer,
as they are anxious
to get back to work and their experience can
make you more profitable.
Give it a try. Nothing ventured, nothing gain.
Senior Credit Officer
experienced in middle- market leasing; structured, vendor and 3rd party
to the fortune 1000. Proactive team builder, originations capable with
strong work ethic. Email: kyletrust@hotmail.com
Senior Management:
Baltimore, MD
25 year veteran of
commercial and equipment leasing seeking a senior management position
with leasing or asset based financing company in the southeast (Florida
preferred)
Email: kellogg_md@yahoo.com
Senior Management: Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender looking for Western expansion mid-market equip. finance/leasing. 20+ years experience within Rocky Mountain/ Southwest and Ca markets.
Email: legal@csotn.com
Senior management:
Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Senior Management:
Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager.
Email: lenhubbard@bigfoot.com
Senior Management:
Long Island, NY
Degree Banking/Finance. 13 years leasing exp. Now prez young leasing company where promises were not met. Interested in joining established firm with future.
Email: bob33483@yahoo.com
Senior Management:
New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury, funding, ops,transaction detail, syndication, ready to max profit, help build quality operation. right now!
E-Mail: leasefinance@optonline.net
Senior Management: Portfolio Management Consultant; 25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise.
Email: efgefg@rogers.com
Senior Management: San Francisco, CA., 25 years experience w/global leasing company, sales, marketing, business dev., P&L responsibility, asset mgmt, brokering and re- marketing. Interested in joining an est. firm with a future.
Email: rcsteyer@yahoo.com
Senior Management:
Somerville, NJ.
28 year veteran in
Construction Equipment/ Transportation.
Full P&L responsibility,
profit driven, team builder, sales manager, strong portfolio management
skills. Will consider relocation.
email: leasingman_95@hotmail.com
Full listing of all “Jobs
Wanted” at” http://64.125.68.90/LeasingNews/JobPostings.htm
-------------------------------------------------------------------------------
RW
Professional Leasing Trial
by Christopher Menkin
It was on June 21,2002,
forty FBI agents raided the offices of RW Professional Leasing in Island
Park, NY, on Long Island. Prosecutors said
RW Professional Leasing Corporation concocted elaborate schemes
using up to 100 rented mailboxes as far away as California to send phony
checks, sham invoices, bogus leases and other false documents to banks
in various states. Based on those documents, the banks lent RW millions
of dollars to buy equipment and lease it out, prosecutors said.
The schemes included
multiple loans from different banks for the same medical equipment and
loans for equipment that was never bought or leased, prosecutors said. It is said it may go higher than $200 million,
including the American Express-Sierra Cities portfolio. Vendors, brokers,
attorneys, and others are owed money.
There may also be “brokers” and others to be named in the scheme.
One of
those arrested later, Payaddi Shivashankar may have pleaded guilty to
turn state’s evidence, and perhaps another key is Stephen Barker of
Lake Forrest, California, who is very well-known both in the medical
community and the leasing industry. He may wind up being a key witness
in the methode operandi of RW Professional Leasing.
Reportedly,
Barker told colleagues what he did to help Barry Drayer with alleged false invoices,
cashier checks and mail boxes was part of the routine. He reportedly
faces nine counts. He told his
colleagues he did not think he had really done anything wrong. As the
story goes, he originally thought when the FBI called him, he thought
the interview with them went very well and there was no problem. When
was told that he would arrested,
the call from the FBI came in on his "private" cell phone
number. It surprised him, he told colleagues.
His operation was doing about $12 million a year, mostly on new practices,
and as one of the top five brokers for RW Professional, they handled
the payments to vendors and had trust agreements. Accordingly, “every
penny” that came in and went out was accounted for. His father Tony,
now on a religious mission in South Africa, helped in the book keeping.
The difficulty appears in the “sale/leaseback” program that RW Professional
was marketing, but reportedly did not exist at the level promoted. After
the money was disbursed, it was the Drayer operation that places the
leases with banks, and according to the charges, sometimes the same
lease with several banks, and sometimes the equipment did not exist. There is evidently also a history with
Old Kent, CIT, Sierra Cities,
and American Express that is very
similar, according to many sources as reported in Leasing News.
Barker now flies back and forth to New York, spending much time with
attorneys and believes he will be found innocent of any involvement
that was directed by the Drayers.
Here is the latest
from the Pacer Service Center
on what is happening:
“Letter MOTION for
Bail as to Dft Barry Drayer - After discussion with AUSA Geoffrey Kaiser,
he has agreed to reduce our client's bail to the funds realized by Barry
Drayer in his sale, plus the continued pledge of his sons home. That
amount should total $627,000.00. Therefore, we request the Court Order
that the present mortgage of the govt on the property at 4 Hewins road,
Wellesey, MA be discharged upon the sale of the property and that the
proceeds be deposited with the govt as continuing security for Mr. Drayer's
bail. We request that our client's bail be reduced to $610,000.00, which
will be covered by the sale proceeds and Andrew Drayer's residence.
In addition, upon the sale of the property we request that Mr. Drayer's
pre-trial supervision be transferred to the appropriate pre-trial office
which covers Mr. Drayer's new residence at ( *** although a public document,
address is being deleted by us. editor) As represented to the Court
in prior applications and Court appearances, Mr. Drayer's wife now works
for St. John Baptiste Roman Catholic Church in NYC, and Mr. Drayer will
be joining her in that apartment. As the court is aware that is the
residence in NYC where our client has resided for the last approximately
two and one half years. We also request that if the Drayers wish to
use the funds deposited with the govt to purchase another residence,
that the Court allow said purchase, with the consent of the govt, and
the substitution of the new residence as security for Barry Drayer's
bail. Filed by Barry Drayer. (Coleman, Laurie) Modified on 6/17/2004
(Coleman, Laurie).”
“ORDER: Pursuant
to the Memorandum of Decision & Order of Dist. Judge Spatt the attorney
for Roger Drayer and the AUSA are directed to appear before th undersigned
on 6/16/2004 at 9:30 AM for an evidentiary hearing on the motion to
suppress the post-arrest statement. Said hearing will continue on 6/17/04,
if necessary. The attorneys for the defts, Susan Cottrell, Adam Drayer,
Roger Drayer, RW Professional Leasing Services Corp. and Rochelle Besser
are directed to appear before the undersigned on 6/22/2004 at 9:30 AM
for an evidentiary hearing on the motion to suppresss documents obtained
by "CS-1". Said hearing will continue day to day until completed.
SO ORDERED (Signed by Judge Michael L. Orenstein on 5/4/04) c/m (Montero,
Edher)”
“MINUTE ENTRY as
to Payaddi Shivashankar (7); Case before Judge Wall on 2/24/04 @ 11:13
a.m., for Criminal Cause for Pleading. Dft Shivashankar present in custody
with CJA counsel Edward Jenks. Govt: Geoffrey Kaiser. CD 04-3. Dft enters
plea of GUILTY to Count One (of a seven Count) Superseding Indictment.
Sentencing set for 6/25/04 @ 9:30 a.m. before Judge Spatt. Dft remains
in custody. Magistrate Judge Wall recommends that the District Court
accept the guilty plea. (Coleman, Laurie)”
For a full background,
please go here or read Press Release
from U.S. Attorney’s Office that follows:
###### Press Release##############################
PRESS RELEASE
Robert Nardoza, Deputy
District Attorney
United States Attorney's
Office
(718) 254-6323
Eight Defendants,
Including Five Employees and Principals of a Long Island-based Financing
Company and a Former Bank of New York Branch Manager, Arraigned on Federal
Bank Fraud and Wire Fraud Charges (
are in court to prove their innocence to charges against them, while
several other civil cases from $10 million to $20
million (American
Express) await the results of this criminal trial.editor)
ROSLYNN R. MAUSKOPF,
United States Attorney for the Eastern District of New York, PASQUALE
J. D'AMURO, Assistant Director-in-Charge, Federal Bureau of Investigation,
New York, and MICHAEL J. THOMAS, Special Agent-in-Charge, New York Field
Office, Internal Revenue Service-Criminal Investigation, said that eight
defendants, including five employees and principals of defendant RW
PROFESSIONAL LEASING SERVICES, INC. ("PLS"), and a former
branch manager for The Bank of New York at a retail branch in Island
Park, New York, were charged in March in a superseding indictment (1)
with federal crimes in connection with a scheme to fraudulently induce
financial institutions around the country to extend $28 million in loans
to PLS, a former Bank of New York customer.
The individual defendants
charged in the superseding indictment are PLS principals BARRY DRAYER
and ROCHELLE BESSER; PLS employees ADAM DRAYER, ROGER DRAYER and SUSAN
COTTRELL; MYRNA KATZ, a former Bank of New York branch manager; and
STEPHEN BARKER, who, as the owner of a California financing company
known as Carefree Financial Services, allegedly recruited medical providers
to obtain financing through PLS. BARKER was arrested in California.
The Scheme to Defraud
The superseding indictment
charges that PLS, which maintained business locations in Island Park,
New York, and Wellesley, Massachusetts, obtained loans from financial
institutions, including FDIC-insured banks (collectively, the "funding
institutions") for the purported purpose of financing purchases
of medical equipment and then leasing that equipment to medical providers.
The leases and medical equipment were supposed to serve as collateral
for the loans made by the funding institutions.
According to the
indictment, PLS, BESSER, BARRY DRAYER, ROGER DRAYER, ADAM DRAYER and
COTTRELL (the "PLS defendants"), KATZ and BARKER obtained
the loan proceeds under false pretenses. Specifically, the PLS defendants
and BARKER misrepresented the actual purpose of the financing which,
in many cases, was not used to purchase medical equipment at all, but
was instead used by medical providers as working capital. Since working
capital loans, which were not collateralized by medical equipment or
medical equipment leases, were not favored by the funding institutions,
the defendants provided the funding institutions with phony documentation
creating the false appearance that the medical providers were leasing
medical equipment purchased by PLS, that the financing was needed for
that purpose, and that the funding institutions would have an undivided
security interest in the lease and the medical equipment. The PLS defendants
and KATZ also falsely represented that The Bank of New York (hereinafter
"BONY") would act as escrow agent for certain of the funding
institutions.
The BONY Escrow Agreements
The government alleges
that the FDIC-insured funding institutions (the "bank funding institutions")
required that PLS execute escrow agreements in connection with each
loan. Each escrow agreement required the establishment of an escrow
account in which lease payments would be deposited and held in escrow
by BONY as escrow agent for the bank funding institutions. The escrow
agreements required BONY, among other things, to disburse the funds
on deposit in the escrow account in accordance with a particular payment
schedule and only to the bank funding institutions that were financing
the leases identified in the escrow agreements.
The indictment charges
that KATZ, for the purpose of inducing the bank funding institutions
to make loans to PLS, executed and supervised the execution of numerous
escrow agreements for BONY between 1991 and 1998, fully aware that she
was not authorized to do so and that BONY policy prohibited BONY retail
branches from establishing escrow accounts. The indictment also charges
that KATZ and the PLS defendants knew that the escrow accounts would
not be maintained pursuant to the terms of the escrow agreements, that
the lease payments would not be forwarded by BONY to the bank funding
institutions, and that BONY would not actually perform any of the other
obligations assigned to it as escrow agent in the escrow agreements.
According to the
superseding indictment, the PLS defendants fraudulently obtained and
converted at least $28 million of loan proceeds and lease prepayments
through the fraud scheme.
"We will not
hesitate to prosecute wrongdoers to protect the public from abuse of
our financial institutions," stated United States Attorney ROSLYNN
R. MAUSKOPF. "In this case a bank employee violated a position
of trust, and thereby enabled PLS, the PLS defendants and BARKER to
plunder the banking system for their own personal gain. Now they must
face the consequences." Ms. MAUSKOPF emphasized that the investigation
is continuing.
FBI Assistant Director-in-Charge
PASQUALE J. D'AMURO stated, "This scheme induced banks to advance
millions of dollars in what they believed to be secured loans for equipment
financing, when in fact the loans were entirely un-collateralized. The
defendants misled the lending institutions through blatant fabrication
and deception, putting the banks and their depositors at risk."
The Charges and Maximum
Sentences
Each defendant is
charged with conspiracy to commit bank fraud and wire fraud. (2) In
addition, PLS, BARRY DRAYER, BESSER and BARKER are charged with conspiracy
to commit money laundering; PLS, BARRY DRAYER and BESSER are charged
with multiple counts of bank fraud; BESSER and KATZ are charged with
making false statements to an FDIC-insured bank; and KATZ is charged
with issuing bank obligations without authority. The charges carry the
following maximum terms of imprisonment -- conspiracy (five years),
unauthorized issuance of a bank obligation (30 years), false statements
to an insured bank (30 years), conspiracy to commit money laundering
(20 years) and bank fraud (30 years). On each count of conviction, each
defendant faces a maximum fine of $250,000 or twice the gross gain or
loss resulting from the offense, whichever is greater; the payment of
restitution; and a maximum of three years supervised release (conspiracy
charge) and five years supervised release (bank fraud, false statements
and issuing obligations without authority charges).
PLS faces a maximum
sentence of five years probation and a fine of $500,000 or twice the
gross gain or loss resulting from its offenses, whichever is greater,
and the payment of restitution. The indictment also seeks forfeiture
of any and all property of each of the defendants constituting or derived
from proceeds traceable to their offenses, which is valued at a total
of at least $28 million.
The government's
case is being prosecuted by Assistant United States Attorneys Geoffrey
Kaiser and Kevin Mulry. (Leasing
News has attempted to reach Mr. Kaiser and hopes to get a futher up-date
than what is being reported in the Pacer Service Center. editor )
The Defendants:
RW PROFESSIONAL LEASING
SERVICES, INC.
BARRY DRAYER
Address: Wellesley,
Massachusetts
DOB: 11/3/39
ROCHELLE BESSER
Address: Long Beach,
New York
DOB: 5/10/36
ROGER DRAYER
Address: Long Beach,
New York
DOB: 9/17/42
ADAM DRAYER
Address: Long Beach,
New York
DOB: 5/14/79
SUSAN COTTRELL
Address: Mansfield,
Massachusetts
DOB: 5/2/66
MYRNA KATZ
Address: 1/23/42
DOB: Long Beach, New York
STEPHEN BARKER
Address: Lake Forrest,
California
DOB: 4/20/63
The indictment supersedes
federal charges previously filed in this district on March 27, 2003,
and adds KATZ and
BARKER as defendants
and deletes PAYADDI SHIVASHANKAR, who has since pleaded guilty to a
conspiracy charge.
The charges in the
indictment are merely allegations, and the defendants are presumed innocent
unless and until proven guilty.
#### Press Release#############################
-------------------------------------------------------------------------------
Classified Help Wanted Ads
Business Development Office
|
Business Development Officer,leasing exp.,min 3 yrs business & direct sales exp. Banking procedure knowledge helpful. Gilroy, CA location, serving four surrounding counties. E-mail valdezd@1stnational.com or see Career Opportunities www.pcbancorp.com About the Company: Pacific Capital Bancorp is a $5+ billion, multi-bank holding company dedicated to providing an enduring network of community banks on the Central Coast of California. This unique partnership of independent banks provides customers in six California counties with the financial strength and product diversity of a big bank, delivered with the responsiveness and personalized attention of a local community bank. |
Sales
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About the Company: www.odysseyequipfinance.com |
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About
the Company: |
Sales: Established 20-year
full service lessor seeks sales professional in small or mid ticket
markets. Earn high commissions, with benefits.
Specialist
|
Port Leasing Sales Officer - Port of Long Beach:
conducts/oversees negotiations for leases, permits, property acquisition;
prepares lease proposals; negotiates prop. acquisition; neg. lease
agreements with new/exisiting tenants; develops financial info.
to analyze lease proposals. College degree expected. Contact:
Stuart Satow, CPS Executive Search 916-263-1401, ssatow@cps.ca.gov Recruitment brochure |
----------------------------------------------------------------------------
Weekly
Bulletin Board Complaint Report
#1
“ I contacted the
FBI, and the Irvine Police Department.
When the Irvine Police
Department went to talk to them, they got scared I guess and sent me
back my $5,000 check. They still
would not refund my other money and they have called on several occasions
asking would I be interested in financing something with them.
“I said NO!
“The FBI informed
me that the amount was too small for them to do anything about and to
just write it off. I talked to my local Sheriff
(North Carolina )and
the local detective and that said it was all fraud but that they could
not cross the state lines to do anything.
They told me not to cash the $5,000 check and I have not. I tried
to contact lawyers to sue and their costs are more than the amount I
lost.
I was then told about
you and that is why I am contact you.”
First, cash the check
and write above your endorsement, “Accepted without prejudice.”
Two, we will contact
the leasing broker and learn their side to the story.
_____
#2
Broker refused to
return $4,000 deposit to applicant, who
states he applied
for a lease for his twelve year old company
without a personal
guarantee. Broker states the
funder ran
a Dun & Bradstreet
report that shows the president had a former
company that went
bankrupt. Applicant states it is not true,
but will not supply
personal information as original intention
was no personal guarantee.
Broker claims president was
not telling the full
truth when he submitted the application
to him and therefore
he is entitled to keeping the deposit.
#3
For the sake of this
report, the name of the leasing company is “XYZ Leasing”
April 3, 2004
“I am making a formal
complaint against an equipment leasing company namely XYZ Leasing that
failed to provide the necessary funding for our medical exercise equipment
in February 2004.
”The complaint is failure to refund the deposit that was given in good
faith as the company's prior failure to follow through on the transaction.
”Mr. ****** of XYZ Leasing (714-******) has refused to accept
their failures in getting the transactions off the ground as well as
refusing to refund the deposit less the documentation fee since February
2004.
”Please, kindly assist on this issue.”
(name with held )
“I was told to write
to your news editorial about a recent experience in leasing equipment.
I recently got involved with a company out of Southern California called
XYZ Leasing. My account rep by the name of
****** approved our company of 18 years and 15 million in annual
sales a $160,000 for four restaurant equipment packages. We were
sent a lease agreement and told to overnight it back with $9,500 included.
The money we sent to them was for first, last, and UCC filings.
At the time of the agreement, the agreement stated that they would issue
purchase orders to our vendors within two days. With this agreement
executed we acted in good faith and had our equipment dealer out of
***** ship our equipment before he received his purchase order.
After a month of cashing the check that we sent to XYZ Leasing our equipment
vendor has not been paid. Now when I call XYZ Leasing they seldom
answer the phone and **** has
now told me that the money was not funded as per our lease agreement.
When I do reach him, Chad constantly tells me that he is still waiting
to hear from underwriting. After researching this company more
I have found that *********
have been doing this deceitful and fraudulent act on many other companies
before us. I was to report this hideous act to your company.
Because of this act, the small vendor, ******** is at the brink of a
cash crisis.
”Please get back to us if you have any suggestions.”
Sincerely,
( name with held
)
Leasing News received
all the documentation and spoke to the president of XYZ Leasing, who
said he would “take care of it.”
He called back and
said this was not as simple as it appears, and said
he believed they
could handle the transactions into
four leases.
June 23
“I e-mailed you before
about a transaction ******* did with XYZ Leasing which we sent them
aprox. $9500.00 for deposits for a $160,000.00 equipment package.
Aprox. 3 weeks ago you had ******* ******** get involved in this transaction
to make sure we weren't getting scammed. He assured me over a
phone call that his company would get these deals funded or refund my
deposit. It has now been 7 weeks since XYZ Leasing has cashed
our deposits and the deals are still not funded. I still am getting
the run around as to what exactly is going on with these leases.
I would appreciate it if you could look into this matter for me.
We have already sent you a copy of our original lease that we signed
with XYZ Leasing along with a cancelled check. Thanks for your
help. “
(name with held )
The president
of XYZ Leasing got back to us, explained some of
the difficulties
was having and stated: “If we are unable to move
forward we'll return the commitment fee.”
---
#4
This has been going
on since May 6th, and at last contact, has not been resolved.
I tend to believe the president of the leasing company and the head
of the broker division, but the broker involved also appears to have
a legitimate complaint.
There were several
suggestions made, and I thought time might heal the wounds, but apparently
note. If it is not settled in
ten days, we will print both sides and let readers make up their own
minds.
A leasing broker
believes a funder gave his lease to their direct sales force. He submitted a lease, had it approved, but unknown to him, a direct
salesman also contacted the same lessee with a lower rate. Somehow, when the broker was away, perhaps
at the NAELB
conference, the contracts
arrived to the lessee, who noted the terms were changed and monthly
payment, too. The direct salesman told him to sign “or else,” reportedly
using “foul” language and threats to sign the lease or lose it. So the lessee signed the lease, and it was funded as they had the
equipment.
When the broker found
out, he hit the roof, and talked to the lessee, plus learned the rate
was much higher than he quoted as the terms had been changed (an old
trick.) He wanted the lease “unwound” or his $3,500
commission he would have earned.
The president of
the company along with the broker manager looked into the complaint.
Allegedly the applicant had been on their list of calls since the year
2000, and the person who closed it was a “part-time college student.” He was reportedly “severely
reprimanded” for
his language and the way the transaction was handled. The funder agreed to unwind the lease
However, the broker
says the issue has not been resolved.
### Press Release
###################################
LIBERTY
FINANCIAL GROUP ACQUIRES DIVERSIFIED’S PORTFOLIO
(Hatfield, PA) Liberty
Financial Group, Inc., of Hatfield, PA, announced that it has completed
a transaction with Diversified Leasing, Inc. of Annapolis, Maryland
to acquire Diversified Leasing’s current portfolio and customer database
of over 750 customers throughout the Baltimore, MD/Washington, D.C.
corridor.
Liberty Financial
Group is a national commercial equipment leasing and finance company
focused on meeting the needs of its customers in many markets.
Transactions range from $5,000-$250,000, with a particular concentration
in the Northeast. Diversified Leasing’s portfolio includes many of the
same customer profiles, as well as several non-profit organizations
and trade associations.
“This acquisition
is ideal for us, and furthers our strategy of expanding Liberty Financial’s
footprint in the mid-Atlantic region, giving us a stronger and expanding
client base in the greater Baltimore/Washington corridor, as well as
adding to our existing and diversified menu of core competencies,” stated
Liberty Financial’s President, Tom Madonna.
“There is already a strong synergy in the types of leases and
finance agreements we structure for our clients, and we are excited
about the possibility of providing our value-added array of services
to Diversified Leasing’s client base.”
Liberty Financial
is headquartered in Hatfield, Montgomery County, PA, with regional offices
in New York, Delaware and Wilkes Barre, PA. The company was founded
in 2000 by former key employees of Omni Leasing, who brought with them
a combined total of over twenty years of financing experience in a wide
variety of industries and markets. Currently, Liberty Financial employs
fifteen sales and administrative personnel, servicing clients throughout
the United States, with most of its customers concentrated in the mid-Atlantic
region.
The operating philosophy
of the Liberty Financial team emphasizes personal contact with, and
direct service to, its clients. Its talented and experienced management
team, and seasoned and creative sales and service staff, are continuously
searching for new and improved ways to assist and better serve its clients. This philosophy and strategy have enabled Liberty Financial to experience
annual growth averaging 50% since its inception, and handle approximately
100 new transactions per month.
Recently, Liberty
Financial completed the installation of a web-based enterprise system
that allows the company to operate even more efficiently and provide
its customers with new, enhanced and expanded services. Shortly, Liberty
Financial will be rolling-out a new program for its vendor-clients,
enabling vendors to offer leasing agreements directly to their customers
using Liberty Financial’s proprietary software’s wide-ranging and sophisticated
Internet capabilities.
Diversified Leasing’s
President, Larry Summers, said that he is confident that his clients
will be treated as well by Liberty Financial as they have been by Diversified
Leasing for the nearly 20 years it was in business.
Started in 1985, Diversified Leasing has also enjoyed a strong
relationship with its clients, experiencing 68% repeat business and
multiple leases with 60% of its customer base.
Although he is looking forward to retirement, Summers said that
he would be making himself available to assist Liberty Financial and
its clients on an as-needed consulting basis during what is expected
to be a short, easy and smooth transition period.
For additional information,
contact Tom Madonna, at 215-996-5656 or
Sharon Marshall,
Marketing Solutions, at 215-538-1437
Liberty Financial
Group, Inc.
7 Church Road
Hatfield, PA 19440
Telephone: 888-883-4480
e-mail: tomm@libertyfg.com
web site: www.libertyfg.com
### Press Release
#############################
PayNet
Unveils the Definitive Truck Lending Credit Score
Skokie, IL– PayNet
announces the release of its new Transportation Score which is likely
to revolutionize both Class 8 and medium-duty truck and trailer lending.
Developed jointly by some of the top modeling mathematicians in the
world, working with experienced truck lending professionals, and using
the largest data pool of transportation loans and leases ever complied,
this new score is not only empirically derived and statistically sound,
but also a true credit professional’s score, looking at the factors
and issues that experienced lenders know drive performance in the real
world.
This score incorporates
other attributes beyond traditional delinquency data. For example, the
score distinguishes between owner-operators and fleets and it makes
a distinction between private fleets and for-hire fleets. Even further,
just for example, the score knows that public utilities are less of
a risk than food wholesalers, and that these, in turn, are less of a
risk than debris haulers. The score also takes into account what type
of equipment the applicant uses and in what proportion, as medium-duty
and Class 8 operations have very different risk profiles. In addition
the score considers applicant time in business and business size, as
well as trends, both in originations (looking for rapid expansion) and
in delinquency, considering delinquency now, delinquency recently, and
delinquency ever.
“Not surprisingly,
this model’s performance statistics outperform those of commercial scores
that don’t focus specifically on transportation equipment because it
is tailored to the unique needs of transportation lenders” says Bill
Phelan of PayNet. But rather than relying on the overall statistics,
PayNet invites any qualified potential user of the score to request
a free retro/historical analysis of how well the Transportation Score
actually performs on your own portfolio. Put facts to work in your truck
lending business. Reduce your losses, approve more deals, approve them
faster and be the first lender back with an approval, so you get to
book the business.
For additional information
including score statistics, a custom retro analysis, or trail access
contact Tom Ware at 847-965-9800 ext. 26 or tware@paynetonline.com.
About PayNet:
PayNet, Inc. manages
the data repository for the commercial equipment finance industry, an
industry that represents more than $550 billion in assets. With the
exclusive endorsement of the Equipment Leasing Association (ELA) this
repository has become the nation’s largest online database of current
and historical lease and loan payment information used for credit decision
purposes. Over 60 commercial lenders are Members including eight of
the ten largest leasing companies, representing a majority of the net
assets in the industry. PayNet uses its proprietary technology and the
power of information tools to increase profitability, improve operational
efficiency, and reduce credit losses. Founded in 1999, PayNet Inc. is
headquartered in suburban Chicago. For more information, visit www.paynetonline.com
### Press Release
################################
US
Express Leasing Launches Revolutionary Service
(Note: These headlines came with the press release.
editor )
Offering ‘Real People,
Fast Answers’ for Dealers and Their Customers
New independent leasing
company is backed by CSFB Private Equity
PARSIPPANY, NJ –--
US Express Leasing, Inc. (USXL), a new independent leasing company,
has formed to serve the $218 billion U.S. commercial leasing market. Backed by CSFB Private Equity and a credit
facility from Wells Fargo Foothill Lender Finance and led by respected
equipment leasing industry executives, USXL opened for business this
week.
USXL will originate
leasing transactions through dealer and vendor channels in the medical/health
care, telecommunications, information technology, security, furniture
and office equipment markets.
The company fills
a void left by the unprecedented number of mergers and acquisitions
in the equipment leasing industry during the past few years by offering
personalized service along with a world-class lease processing and customer
service platform, according to CEO and co-founder Jim McGrane.
“We’re more focused
on building lasting partnerships than ‘one size fits all’ programs at
USXL,” McGrane said. “Some things are best handled one-on-one, so we
make it easy to work directly with USXL associates. Our people take
action based on what needs to be done without letting ‘the system’ get
in the way”, he added. “Technology can never replace the personal touch.”
USXL’s management
team members all possess a track record of leadership, innovation and
results in their respective areas of expertise. Joining USXL from such
well known organizations as GE, CIT, Heller, DeLage Landen, AT&T
Capital and The Alta Group, each member of USXL’s management team possesses
an average of 17 years of leasing industry experience.
In addition to McGrane, other members of the executive team include
Mike DeBernardi, risk; Rich Gumbrecht, sales and marketing; Bill Hadicke,
operations; Denis Stypulkoski, technology; and Jeff Hilzinger, finance.
“USXL’s industry
aligned relationship managers have an in-depth knowledge and understanding
of their respective markets that is critical for creating opportunities
and solving problems,” said Rich Gumbrecht, USXL’s head of sales and
marketing. “They act as consultants to complement our business partners’
marketing, sales and customer retention strategies. In an industry that
has become increasingly commoditized, we take the opposite approach.
We get involved in growing our partners’ business – not just taking
orders.”
About USXL
US Express Leasing
(USXL), headquartered in Parsippany, N.J., is an independent lease financing
company. USXL originates leasing transactions through dealers and provides
vendor financing in the medical/health care, telecommunications, information
technology, security, furniture and office equipment industries. For
more information, visit US Express Leasing on the Internet at www.usxl.com.
About CFSB Private
Equity
CSFB Private Equity,
the global private equity arm of Credit Suisse First Boston's Alternative
Capital Division, is the largest private equity manager in the world,
with more than $29 billion of capital commitments under management.
CSFB Private Equity maintains offices in New York, Los Angeles, Menlo
Park, Chicago, Houston, London, Buenos Aires and Tokyo.
About Wells Fargo
Foothill Lender Finance
Wells Fargo Foothill Lender Finance – a unit of Wells Fargo Foothill – provides asset-based financing to specialty commercial finance companies. It is part of Wells Fargo & Company (NYSE: WFC), a diversified financial services company with $397 billion in assets, providing banking, insurance, investments, mortgage and consumer finance from more than 5,900 stores and the Internet <www.wellsfargo.com> across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only “Aaa”-rated bank in the United States. For more information, visit Wells Fargo Foothill on the Internet at
#### Press Release
###############################
Beth
Guido Joins RBS Lombard Corporate Aircraft Financing Team
CHICAGO, -- RBS Lombard, Inc., the North American asset
finance arm of The Royal Bank of Scotland Group (“RBS”), has appointed
Beth Guido, an experienced finance executive in business aviation, as
Senior Vice President, Corporate Aircraft. She will be responsible for
originating direct lease and loan transactions, starting at $5 million.
Ms. Guido has 14
years’ experience in a variety of roles, including vice president for
originations for corporate aircraft financing, as well as strategic
pricing, mergers and acquisitions, and business credit.
She will be based
in New York and report to Marc Paulhus, Executive Vice President/Head
of Corporate Aircraft. She joins a team that includes David Jarvis,
Senior Vice President/Senior Account Executive; Byron Edwards, Senior
Vice President/Senior Account Executive; John T. Smith, Vice President/Credit
Manager and John Stoddart, Credit Analyst.
She is a graduate
of the University of Illinois and is a member of numerous trade organizations,
including the National Business Aviation Association, Business Aviation
Professionals of New England and the Equipment Leasing Association.
About RBS Lombard
RBS Lombard, Inc.
actively participates in equipment lease and loan transactions, including
corporate aircraft and other assets, as well as real estate and turnkey
loan transactions. Investments range from $5 million to $250 million.
Headquartered in the US in Chicago, RBS Lombard has offices throughout
the United States.
About RBS
The Royal Bank of
Scotland Group (“RBS Group”) is one of the world’s leading financial
services companies providing a range of retail and corporate banking,
financial markets, consumer finance, insurance, wealth management and
other finance-related activities. RBS Group had a market capitalization
of $94.4 billion at 31 May 2004, making it the fifth largest bank in
the world. For 2003, RBS Group posted total income of $31.44 billion
and operating profit of $11.69 billion. RBS Group serves more than 20
million customers worldwide and employs approximately 122,000 people,
including nearly 20,000 in the US. In the US, RBS Group owns Citizens
Financial Group and Peoples Bank credit card business. Its New York-based
Corporate Banking and Financial Markets North America business is a
leading provider of financing solutions to corporate and institutional
clients. RBS Greenwich Capital tailors debt capital market solutions
to institutions worldwide and has a leading position in US treasuries
and asset backed securities.
This announcement
and related documents contains forward looking statements, including
such statements within the meaning of Section 27A of the US Securities
Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements concern or may affect future matters, such as Royal
Bank Group's future economic results, business plans and strategies,
and are based upon the current expectations of the directors. They are
subject to a number of risks and uncertainties that might cause actual
results and events to differ materially from the expectations expressed
in the forward looking statements. Factors that could cause or contribute
to differences in current expectations include, but are not limited
to, regulatory developments, competitive conditions, technological developments
and general economic conditions. Royal Group Bank assumes no responsibility
to update any of the forward looking statements contained in this presentation
and related documents.
Press contact:
Karen A. Pomazal,
Director of Marketing,
RBS Lombard
Telephone (312) 589
8554
#### Press Release
#########################
If you are looking for a book that will give you the information
of a leasing
company in another
company to send a deal or find out information---or
if you are looking
for another source in the United States—This is the most
informative book
you can find anywhere.
|
The only annually-updated international reference book for the asset financing and leasing industry available. The new 25th edition includes the latest market trends, over 100 authoritative articles and reports on the leasing software and IT market, an exclusive ranking of the top 50 leasing markets by size worldwide with feature profiles from Africa to Venezuela PLUS a directory of over 4,400 contacts.
Alternatively visit https://www.euromoneyplc.com/ to order online |
News
Briefs---
Comdex trade show
canceled
http://www.boston.com/business/technology/articles/2004/06/24/comdex_
trade_show_canceled/
In 1 Year, Do-Not-Call List Passes 62 Million
http://www.washingtonpost.com/wp-dyn/articles/A767-2004Jun23.html
Experts Say Drought
Sticking Around West
http://www.washingtonpost.com/wp-dyn/articles/A1326-2004Jun24.html?nav=headlines
Salesforce.com Shares
Rise 56% on Their First Day of Trading
http://www.nytimes.com/2004/06/24/technology/24sales.html
http://www.internetnews.com/bus-news/article.php/3372671
NASDAQ Technical
Analysis: Breakouts
http://www.internetnews.com/bus-news/article.php/3372691
European ABS Market
Report
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/1.htm
Mortgage Applications
Up, Rates Lower
http://www.boston.com/business/articles/2004/06/23/mortgage_
applications_up_rates_lower/
Housing crunch revives
old cities
http://www.usatoday.com/news/nation/census/2004-06-24-housing-crunch-usat_x.htm
St. Louis City population
drops at worst rate for its size
http://www.stltoday.com/stltoday/news/stories.nsf/News/St.+Louis+City+%2F+
County/AA1E03E47D713B5
486256EBD0016241E?OpenDocument&Headline=City+population+drops+at+
worst+rate+for+its+size+
Logan to launch free,
upgraded paid services for wireless Net access
http://www.boston.com/business/technology/articles/2004/06/23/
wifi_set_for_landing/
What is a record
jackpot, Alex? — Utah engineer wins more than $500,000 on Jeopardy!
http://www.usatoday.com/life/television/news/2004-06-23-jeopardy-champ_x.htm
----------------------------------------------------------------------------------------------
Sports
Briefs----
George, Titans on
hold
http://www.tennessean.com/sports/titans/archives/04/06/53237048.
shtml?Element_ID=53237048
At NBA Draft, Players
May Not Hold On to Their Hats
http://www.nytimes.com/2004/06/24/sports/basketball/24draft.html
----------------------------------------------------------------------------------------------
California
Nuts Briefs---
Schwarzenegger Rakes
in the Cash in Raising Money for Re-Election
http://dailynews.service.com/dailynews/PADN/2004/06/PA_20040621.htm
( click on page 37 for continuation of article
Arnold Pours on the
Sugar ( reporter on Governor’s press conference-
an opinion piece you won’t see elsewhere—worth your time to read
)
page 12
http://dailynews.service.com/dailynews/PADN/2004/06/PA_20040621.htm
-----------------------------------------------------------------------------------------------
“Gimme
that Wine”
California Software
Announces WinePRO 3.0
http://www.marketwire.com/mw/release_html_b1?release_id=68809
Valley wine industry
booming
http://www.trivalleyherald.com/Stories/0,1413,86~10671~2229637,00.html
Australia: Price drop will affect wine producers
http://canowindra.yourguide.com.au/detail.asp?class=news&subclass=
local&category=general%20news&story_id=315751&y=2004&m=6
UC Davis Medal to
be Awarded to Robert and Margrit Mondavi
http://www.news.ucdavis.edu/search/news_detail.lasso?id=7063
Gallo center taking
strides
http://www.modbee.com/local/story/8717466p-9593785c.html
Talking wine: Gallo's
come-back kids
http://www.metrowestdailynews.com/foodDining/view.bg?articleid=71483
The cheap stuff:
passing fad or permanent fixture?
http://news.yahoo.com/news?tmpl=story&u=/afp/20040622/ts_alt_afp/
us_wine_plonk_040622153538
If you are planning on visiting Napa Valley, or want to keep in
touch
with restaurants and wineries, here is a publication that is one
of the
best---and free: http://www.napalife.com/
--------------------------------------------------------------------------------------
This
Day in American History
1497-the first European to set foot on the North American continent after the Vikings was John Cabot ( also spelled Cabot, Cabotto, Caboote, Gabote, Calbot, or Talbot), a mariner who was probably born in Genoa, Italy. In 1496, King Henry VII of England granted Cabot a charter to sail west to Asia and set up a spice-trade monopoly. Cabot’s ship, a 70-foot caravel called the Matthew, embarked from Briston, England, on May 27, 1497, and arrived on the coast of Newfoundland---or possibly Maine---on June 24. After planting the English and Venetian flags, Cabot and his men spent a few hours exploring the landing site, then returned to their ship.
http://www.nmm.ac.uk/education/fact_files/fact_cabot.html
http://etext.lib.virginia.edu/journals/EH/EH33/croxto33.html
1579-the first Christian religious service in English on the Pacific Coast was the Holy Communion service conducted at San Francisco Bay, CA, by the Reverend Francis Fletcher, who read from the Book of Common Prayer of the Church of England. Fletcher was chaplain on Sir Francis Drake’s ship, the Golden Hind, during its voyage of cirumnagation from 1577 to 1580. Drake named the place Nova Albion, Latin for New England. A 57 foot marble cross commemorates the event in Golden Gate Park, San Francisco, Ca. There is a controversy this day to where he actually anchored, many think it is Bolinas Bay in Marin County, as his log so indicates, and a plaque so describes ( but that is another story ). He navigated the North Coast of California.
http://www.longcamp.com/nav.html
1647-The first woman in America to appeal for the right to vote was Margaret Brent, a niece of Lord Baltimore, the founder of the colony of Maryland. She came to America from England in January,1638, and was the first woman in Maryland to own property in her own name. She became one of the colony’s principal landowners and a person of influence, raising troop of soldiers in 1644. On June 24, 1647, she appealed for the right to vote in the colonial assembly by virtue of her position as secretary to Governor Leonard Calvert, asking for a “place and voyce,” but was ejected from the meetings. At the death of Calvert, she became his executor and acting governor, president over the General Assembly, but was refused a voice in the affairs of the government as “it would set a bad example to the wives of the colony.” She moved to Virginia in 1650.
http://www.earlyamerica.com/review/1998/brent.html
1714-considered
the birthday of Matthew Thorton, signer of the Declaration of Independence,
born at Ireland . He died this date ,1803,at Newburyport, MA. http://www.ushistory.org/declaration/signers/thornton.htm
1813-birthday
of Henry ward Beecher, famous American clergyman and orator, born at
Lichfield, CT. Died March 8,
1887, at Brooklyn, NY. His dying words were, “ Now comes the mystery.”
1842
-- Ambrose Bierce born (1842-1914) Meigs County, Ohio. American newspaper
columnist, satirist, essayist, short-story writer and novelist, disappeared
in the Mexican Revolution. Presumably died in the siege of Ojinega,
January 1914. Strongly influenced by Edgar Allan Poe. His experiences
in the Civil War marked him for life.
http://www.literature-web.net/bierce
http://www.creative.net/~alang/lit/horror/abierce.sht
1869-Mary
Ellen Pleasant, abolitionist, officially becomes Voodoo Queen in San
Francisco, CA
1880-
Agnes Nestor birthday - U.S. labor leader. AN emerged as the leader
of the 1898 women glove-maker's strike in Chicago when she was only
18. The strike victory ended the pay deduction women had to pay for
the rental of the machines the women used to sew gloves. A short time
later she led the women into their own union because men did not always
support women's needs. She held posts with the International Glove Workers
Union for the rest of her life and served as president of the Chicago
Women's Trade Union League 1913-1948.
She was a long time advocate of the eight-hour day that became
a reality in 1937. Child labor, minimum wage, maternity-health, and
women's suffrage were also part of her life's work.
http://www.kentlaw.edu/ilhs/images/hall/nestor.jpg
http://womenshistory.about.com/gi/dynamic/offsite.htm?site=
http://www.spartacus.schoolnet.co.uk/USAWkenney.htm
http://historymatters.gmu.edu/d/5728/
http://www.spartacus.schoolnet.co.u
http://womenshistory.about.com/library/bio/blbio_nestor_agnes.htm
k/USAWnestor.htm
1880,
"O Canada," with music by Calixa Lavallee and French lyrics
by Judge A.B. Routhier, was performed for the first time at the Skaters'
Pavilion in Quebec City. Three bands, playing together, performed "O
Canada" during a banquet at a national convention of French Canadians.
Canada's future national anthem was reported to have been received enthusiastically.
1885-the first Episcopal bishop who was African-[American was the Reverend Samuel David Ferguson, who was elected to the House of Bishops of the Protestant Episcopal Church. He was consecrated in 1885, at Grace Church, New York City as the successor of the Missionary Bishop of Liberia.
http://newark.rutgers.edu/~lcrew/blackexperience.html
1895-birthday
of William Harrison “Jack” Dempsey, boxer born at Manassa, CO. Dempsey
boxed under several pseudonyms in western mining camps, came east and
picked up Jack “Doc” Kearns as his manager. After defeating all available
heavyweights, Dempsey took on champion Jesse Williard in Toledo, OH,
on July 4, 1919. Dempsey won
when Willard failed to answer the bell for the fourth round. He reigned as champ for seven years but defended
his title only six times, losing to Gene Tunney in 1926. Following his boxing career, he became a successful
New York restaurateur. Died
at New York, NY, 1983.
900-Blues singer-guitarist Memphis Minnie born Algiers, LA.
http://www.blueflamecafe.com/index.html
http://www.ping.be/ml-cmb/mmindex.htm
1916-birthday of John Ciardi, American poet, citric, translator, teacher, etymologist and author of children’s books, born at Boston, MA. John Anthony Ciardi’s criticism and other writings were often described as hones and sometimes as harsh Died at Edison, NJ, March 30, 1986.
http://www.poets.org/poets/poets.cfm?prmID=697&CFID=9794231
&CFTOKEN=6584556
1916
- The most lucrative movie contract to the time was signed by actress,
Mary Pickford. She inked the first seven-figure Hollywood deal. Pickford
would get $250,000 per film with a guaranteed minimum of $10,000 a week
against half of the profits, including bonuses and the right of approval
of all creative aspects of her films. Not a bad deal for the former
vaudeville and stage actress, who once appeared on Broadway with Cecil
B. DeMille in "The Warrens of Virginia" for a measly $25 a
week.
1917-
Portia White birthday - Afro-Canadian concert and operatic contralto.
Died 1968.
1922
- The American Professional Football Association took on a new name.
They decided to name themselves the National Football1924 - Six men
at a rock quarry south of Winston-Salem, NC, sought shelter from a thunderstorm.
The structure chosen contained a quantity of dynamite. Lightning struck
a near-by tree causing the dynamite to explode. The men were killed
instantly. League.
1929-Bessie Smith records sound-track for her only movie, “St. Louis Blues.”
http://www.blueflamecafe.com/index.html
1930-Dr.
Albert Hoyt Taylor and Leo C. Young of the Naval Aircraft Radio Laboratory,
Anacostia, DC (now part of Washington DC), discovered radar by noting
that airplanes reflect radio waves even though they fly above the transmitter
and receiver, rather than between them.
1931-
Lili de Alvarez shocks social propriety by playing at Wimbledon in shorts
instead of the longish, hampering dresses that were de rigueur.
1936-Mary Jane McLeod Bethune, born in Mayesville, SC, in 1875, the daughter of slaves, became the first Federal administrator who was an African-American woman. President Franklin Delano Roosevelt named her director of the Negro Division of the National Youth Administration, thus becoming the first African-American woman to receive a major federal appointment. In 904, Bethune founded the Daytona Normal and Industrial Institute for Negro Girls, later known as Bethune-Cookman College, located in Daytona Beach,Fl. She was also the founder and first president of the National Council of Negro Women. In 1991, he home and offices in Washington, DC, were designated a national historic landmark.
http://www.whitehouse.gov/kids/dreamteam/marybethune.html
http://www.nahc.org/NAHC/Val/Columns/SC10-6.html
1942-
Mick Fleetwood, drummer with Fleetwood Mac, was born in London. Originally
a blues band when it was formed in 1965, Fleetwood Mac developed into
a pop group that put out one of the world's best-selling albums, "Rumours,"
in 1977. It sold 15-million copies. In 1980, Mick Fleetwood recorded
a solo album in Ghana with African musicians. Fleetwood Mac made a comeback
in 1987 with the album "Tango in the Night."
1944--
Jeff Beck, one of the great rock guitarists, was born in Surrey, England.
Beck's first important band was the Yardbirds, where he was the replacement
for Eric Clapton in 1964. In 1967, he formed the Jeff Beck Group with
Rod Stewart and Ron Wood. The beginnings of heavy metal could be heard
in the group's blues-based songs. The Jeff Beck Group broke up after
only two albums, and Beck was then sidelined for 18 months with a fractured
skull suffered in a car accident.
A new Jeff Beck Group
put out two more LPs before Beck formed a band with two former members
of Vanilla Fudge, Tim Bogert and Carmen Appice. But that group dissolved
as well, in 1974. Beck then began playing fusion music, often in collaboration
with keyboards player Jan Hammer. Jeff Beck has made only rare appearances
since 1980, but his aggressive style has heavily influenced rock guitarists
who followed him.
1944—Pianist Bruce Johnston was born in Chicago. He joined the touring version of the group in 1965 when Brian Wilson decided to quit touring after a nervous breakdown. Johnston has continued to be associated with the Beach Boys over the past quarter century, both as performer and producer.
http://www.allmusic.com/cg/x.dll?UID=2:55:11|PM&p=amg&sql=B18553
http://www.del-fi.com/albumcovers/ac71228.html
(My high school friend, who also played piano in my band, and he
would reciprocate
when someone was sick in his band and he needed
a replacement. I
ran into him in Monterey and he did not remember me,
but of course, I
not only wear glasses now, weigh fifty pounds more—in
high school I weighed
144, plus am bald, and go by the name of “Kit,”
as I forgot in high
school and college I was known by Larry,
named
after my father. I called myself Kit to him. )
1948-In
the early days of the Cold War, the Soviet Union challenged the West’s
right of access to Berlin. The soviets created a blockade, and an airlift
to supply some 2,250,000 people resulted. The airlift lasted a total
of 321 days and brought into
Berlin 1,592,787 tons of supplies. Joseph Stalin finally backed down
and the blockage end May 12, 1949.
1948-Thomas
Dewey of New York became the first presidential candidate to be re-nominated
after a defeat. He lost to Franklin
Delano Roosevelt in 1944 and won re-nomination this day in 1948.
He was defeated in the 1948 election by Harry S. Truman, Roosevelt’s
vice-president who assumed office after the death of the president in
office. The newspapers of the
day had printed up early morning editions that “Dewey Won,” but Truman
who stomped for election all over the United States pulled one of the
biggest American political upsets. He won 24,104,836 popular votes to
Dewey’s 21,969,500; the electoral vote was 304 to 189. Dewey actually received 22,006,285 votes in
1944 but only 99 electoral
votes. In the 1948 election, Strom Thurmond, States
Right Democrat, 1,169,312; Henry A. Wallace, Progressive, 1,157,172,
which pollsters said would draw
votes from Truman
in the South. The key was Truman
went out and worked for the votes, train stop- to-train stop, where
the mustached Dewey and his advisors thought he had the election in
the bag.
1949-“Hopalong
Cassidy” premiered on television this day in 1949.
A western series starring William Boyd in the title role as a
hero who wore black and rode a white horse, Topper.
The original episodes were segments edited from 66 movie features
of Hopalong Cassidy and his sidekick, Red Connors ( Edgar Buchanan).
The films were so popular that Boy produced episodes especially
for TV with Gabby Hayes as his sidekick. During his reign, Hoppy had
many sidekicks. It was popular for us boys to wear his two
six guns and black hat. Television
was about to introduce many Western heroes, as all the Saturday Western
movies were brought back to the tube.
1951—Top
Hits
Too Young - Nat King Cole
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
How High the Moon - Les Paul & Mary Ford
I Want to Be with You Always - Lefty Frizzell
1952-
President Harry Truman signs the bill that directs women be commissioned
officers in the Army, Navy, and Air Force as various medical specialists
such as dentists, doctors, osteopaths, and veterinarians.
1952
- Thunderstorms produced a swath of hail 60 miles long and 3.5 miles
wide through parts of Hand, Beadle, Kingsbury, Miner and Jerauld counties
in South Dakota. Poultry and livestock were killed, and many persons
were injured. Hail ten inches in circumference was reported at Huron
SD
1952
- Eddie Arcaro set a thoroughbred racing record for American jockeys
by winning his 3,000th horse race.
1953
- Al Kaline signed with the Detroit Tigers on this day (following his
graduation from high school). The future all-star of the Tigers was
18 years old. http://www.baseballhalloffame.org/hofers_and_honorees/hofer_bios/kaline_al.htm
1955-
In an effort to speed up the game, primarily for television viewers,
major league baseball announces a new rule which requires a pitcher
to deliver the ball within 20 seconds after taking a pitching position.
1957-Duke
Ellington and Ella Fitzgerald session on Verve “ Take the A Train.”
1959—Top
Hits
Personality - Lloyd Price
Lonely Boy - Paul Anka
Along Came Jones - The Coasters
The Battle of New Orleans - Johnny Horton
1961-President
John F. Kennedy assigned Vice-President Lydon Johnson with
unifying the US satellite
program, who played a significant role in bringing the
communication and space age to a leader in the world.
http://memory.loc.gov/ammem/today/jun24.html
1964--Sam
Cooke starts a two week stay at New York's Copacabana Club. A 70-foot
billboard announcing the engagement is erected in Times Square
1967—Top
Hits
Groovin’ - The Young Rascals
She’d Rather Be with Me - The Turtles
Windy - The Association
All the Time - Jack Greene
1970-On an amendment offered by Senator Robert
Dole (R-Kansas) to the Foreign Military Sales Act, the Senate votes
81 to 10 to repeal the Tonkin Gulf Resolution. In August 1964, after
North Vietnamese torpedo boats attacked U.S. destroyers (in what became
known as the Tonkin Gulf incident), President Johnson asked Congress
for a resolution authorizing the president "to take all necessary
measures" to defend Southeast Asia. Subsequently, Congress passed
Public Law 88-408, which became known as the Tonkin Gulf Resolution,
giving the president the power to take whatever actions he deemed necessary,
including "the use of armed force." The resolution passed
82 to 2 in the Senate, where Wayne K. Morse (D- Oregon) and Ernest Gruening
(D-Alaska) were the only dissenting votes; the bill passed unanimously
in the House of Representatives. President Johnson signed it into law
on August 10. It became the legal basis for every presidential action
taken by the Johnson administration during its conduct of the war.
1972 - "I Am Woman", by Helen Reddy, was released by Capitol Records. The number one tune (December 9, 1972) became an anthem for the feminist movement. Reddy, from Australia, made her stage debut when she was only four years old. She had her own TV program in the early 1960s. Reddy came to New York in 1966 and has appeared in the films "Airport 1975", "Pete’s Dragon" and "Sgt. Pepper’s Lonely Hearts Club Band". Reddy also had four million-sellers: "I Am Woman", "Delta Dawn", "Leave Me Alone (Ruby Red Dress)" and "Angie Baby". She had a total of 14 hits on the pop music charts. http://www.helenreddy.com/
1983-Pitcher
Don Sutton of the Milwaukee Brewers struck out Alan Bannister of the
Cleveland Indians, the 3,000th strikeout in his career. The Brewers won, 6-2. Sutton wound up his career with 3,574 strikeouts.
1973-
In his first year of eligibility, Warren Spahn receives 316 of the 380
votes cast to become a member of the Hall of Fame. The southpaw, who
recorded thirteen 20-win seasons, retired as the winningest left- handed
pitcher in big league history with 363 victories.
1975—Top
Hits
Love Will Keep Us Together - The Captain & Tennille
When Will I Be Loved - Linda Ronstadt
Wildfire - Michael Murphey
You’re My Best Friend - Don Williams
1975--The
U.S. Attorney in Newark, New Jersey hands down indictments to 19 music
industry executives in a two year investigation. Counts of income tax
evasion and payola are leveled. Among those named include: Clive Davis,
former president of Columbia Records and Kenny Gamble and Leon Huff,
architects of the Philadelphia sound of the 70's.
1980--
Nelson Doubleday and Fred Wilpon purchase the Mets for an estimated
$21.1 million. The price tag is the highest amount ever paid for a baseball
franchise.
1983—Top Hits
Flashdance...What a Feeling - Irene Cara
Time (Clock of the Heart) - Culture Club
Electric Avenue - Eddy Grant
You Can’t Run from Love - Eddie Rabbitt
1984-Joe Morgan of the Oakland A’s hit the 256th
home run of his career to break the record held by Rogers Hornsby for
most home runs by a second baseman.
1985
- The 1983 Heisman Trophy winner, Mike Rozier, jumped from the United
States Football League to the Houston Oilers of the NFL. Rosier signed
for more than two million dollars over a four-year period.
1987
- Thunderstorms spawned six tornadoes in eastern Colorado. Baseball
size hail was reported near Yoder, CO, and thunderstorm winds gusting
to 92 mph derailed a train near Pratt, KS. The town of Gould, OK, was
soaked with nearly an inch and a half of rain in just ten minutes.
1988
- Forty-three cities reported record high temperatures for the date.
Valentine NE reported an all-time record high of 110 degrees, and highs
of 102 degrees at Casper, WY, 103 degrees at Reno, NV, and 106 degrees
at Winnemucca, NV, were records for the month of June. Highs of 98 degrees
at Logan, UT, and 109 degrees at Rapid City, SD, equaled June records.
Lightning killed twenty-one cows near Conway, SC
1989-
Paul Simon brought his "Graceland" tour to Moscow, playing
the first of two concerts before 5,000 people in Gorky Park. It was
Simon's first appearance in the Soviet Union.
1991—Top
Hits
Rush, Rush - Paula Abdul
Losing My Religion - R.E.M.
Unbelievable - EMF
The Thunder Rolls - Garth Brooks
1992
- Portland, Oregon became the first city outside of New York to host
the NBA (National Basketball Association draft). At the Portland Memorial
Coliseum, the first overall pick went to the Orlando Magic who picked
7'1" center Shaquille O’Neal of LSU.
1998
- AT&T announced that it was buying cable TV giant TCI for $31.7
billion. The deal let AT&T move closer to its goal of providing
local phone and high speed Internet service to millions of U.S. homes
1999-Eric
Clapton puts 100 of his guitars up for auction in New York at Christie's
to raise money for his drug rehab clinic, the Crossroads Centre in Antigua.
His 1956 Fender Stratocaster, named Brownie, was sold for a record $497,500.
The guitar was used to record "Layla." The auction helped
raise nearly $5 million for the clinic.
2001--
Believed to be an historical first, sixty-eight major league umpires
participate in a pre-season session to practice calling strikes as defined
by the rule book. With the help of minor leaguers wearing tapes nine
inches above their belts, the men in blue get a good look at pitches,
normally called balls, which now will considered a strike as the correct
interpret ion of the zone will be enforced this upcoming season.
Stanley Cup Champions This Date
1995 New Jersey Devils
Baseball
Poem
|
Twenty-Six Years Now
by Anonymous |
|
Published:
Unknown (Unknown) |
|
After the war Yes, And the once empty rosters are no longer I remember the gloom of my fathers words Daddy told us about Daddy told us about Yes, He had a belly laugh Not their booming home runs and feats of magic. Just their faces |
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www.leasingnews.org |
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