|
Sales Representative
We're a progressive leasing company with ambitious growth plans for 2008. If you're a proven sales rep in the small ticket arena and ready to join a winning team, contact us immediately. We offer a competitive comp plan, amazing work environment, and have strong relationships with the major funding sources.
E-mail: recruiter@gen-cap.com .
About the Company: Genesis Commercial Capital, LLC; Irvine, CA |
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Friday, June 27, 2008 
Derek Sanderson Jeter, New York Yankee All-Star shortstop; currently the captain of the team;
born June 26, 1974, Pequannock, NJ
http://www.mlb.com/players/jeter_derek/about/bio.jsp
Headlines---
Classified Ads---Legal/Leasing Attorneys
Problems at SunBridge Capital: No Money
Look Out!!!
Cartoon—--Certain Signs
Natural Disaster Preparedness
Ken Bentsen discusses MLFI-25 on Fox Business
NetSol joins Dubai Stock Exchange
IRS increases mileage rates
Hon. C.J. Carney: Operation Lease Fleece judge
Classified Ads---Help Wanted
New Hires---Promotions
SILO Transactions hit Southern Company $70-$90MM
Ecologic Leasing Solutions Acquires Captara
BofA Leasing Ireland returns $35mm profit
ILFC Mulls Order for 300 Planes: Airbus, Boeing
Citigroup sinks to 10-year low
Fed Move Would Ease Investing in Banks
BofA to cut 7,500 jobs after Countrywide deal
Rates on 30-year mortgages rise again, to 6.45%
News Briefs---
You May have Missed--- No more.com
California Nuts Brief---
Sports Briefs---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live *
News on Line---Internet Newspapers
Monterey County, California
* New feature
You can save up to 20 different routes and check them out
“live: with one click, or type in the route for traffic “live.”
######## surrounding the article denotes it is a “press release”
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Classified Ads---Legal/Leasing Attorneys
San Diego , CA
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058;
Email: sandidq@msn.com
Birmingham, Alabama
The lawyers of Marks & Weinberg, 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.
Email: Barry@leaselawyer.com
Website: www.leaselawyers.com |
California, National: city: Riverside
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.
Email: leaselaw@msn.com | UAEL |
Kenneth C. Greene |
California & Nevada
Hamrick & Evans, LLP, Universal City , LA; San Francisco Bay
Area, No.Calif. & Nevada. Call for free consultation (828)763-5292 or
(415) 806-2254,
kgreene@hamricklaw.com |
|
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.
email: rcfeldman@snet.net EAEL |
Law Firm - Service, Dallas, TX. ELA
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.
email: dmayer@pattonboggs.com
Website: www.pattonboggs.com |
Los Angeles, Statewide: CA. "ELA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly basis. email:RGarwacki@prodigy.net |
Los Angeles -statewide: CA "ELA "
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: rrcohn@aol.com
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Long Beach, CA
Wagner & Zielinski, successfully representing lessees/ lessors. Not a member of any leasing organization, therefore not beholden to special interests. Richard Wagner
(562) 216-2952 www.wzlawyers.com |
Long Beach CA.
Paul Bent -- 30 years experience in all forms of equipment leasing, secured lending, and asset based transactions, from analysis and deal structuring to contract negotiations to closing to private dispute resolution.
(562) 426-1000
www.paulbent.com |
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: UAEL, ELA, MAEL).
email: Jcoston@costonlaw.com
Website:www.costonlaw.com |
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
reisenberg@sl-lawyers.com
www.sl-lawyers.com |
Westport, CT: We represent finance companies, banks, lessors, etc., in replevins/seizures, collections and bankruptcy matters in Connecticut and New York. Flat fee, contingency and hourly rates.
Email: rchinitz@replevinlawyer.com |
For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Leasing Recruiters:
http://www.leasingnews.org/Recruits/index.htm
To place a free “job wanted” ad here, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm
[headlines]
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Problems at SunBridge Capital: No Money 
SunBridge Capital, Mission, Kansas, in business since 1997 has admitted to Leasing News they are having funding problems. The Leasing News List shows they have 100 employees, accepting
$20,000 - $500,000 transaction with the average between $75,000 and $100,000
(June, 2007 states 86 employees, starting in 1989.
Leasing News received many inquiries, such as:
“Just got a disturbing call from SunBridge Capital. In essence they can’t fund a doc’d deal they have of ours for “at least 2 weeks or more”. Have you heard anything on this?”
“Have you heard anything today regarding a funding freeze over at SunBridge Capital?”
“We were told on Monday that our transaction had funded and a check had been cut, only to find out today that there was a funding freeze in place (not specific to our transaction) and it was unknown when the freeze would be lifted.”
“Just wanted to give you a heads up, Sunbridge Capital is unable to currently fund deals, I have a deal that was supposed to fund last week, I just got off the phone with my rep at Sunbridge and I was told that they are currently having difficulty accessing funds in order to fund transactions, it is supposed to be an internal issue. I was told that they might be able to fund my deal next week, but cannot confirm anything for me.”
“I just heard from a very reliable source that Sunbridge is not funding transactions. My contact has a transaction in for funding and was told by Sunbridge that they temporarily lost their funding. They told him they hoped to be able to fund in a week to 10 days.”
Adrian Weber, President-CEO, SunBridge Capital
(Photo: Archive)
From Adrian Weber, SunBridge Capital’s President and CEO:
“SunBridge Capital is experiencing temporary delays in funding new lease transactions; however our committed credit facilities have significant availability. All activities and financing of SunBridge Capital’s off-lease assets under the brand Trucks at Hand are operating normally. We have contacted or attempted to contact each of our valuable broker partners who are affected by the situation. We regret the delays in funding and hope to resolve them soon.”
Tom Davies, the CEO of Hillcrest Bank in Overland Park, Kansas stated the agreement last June, 2007 to purchase a majority ownership in SunBrdige did not go ahead. He stated that several Hillcrest Bank officers personally invested, and due to that, the bank could not engage in a lending relationship. He said he was not aware of any difficulties with Sun Bridge Capital.
A January, 2007 press release states:
SunBridge Capital corporate information and performance at-a-glance
Company founded:
Ownership:
Location:
Employees:
Corporate Web site: |
1997
Private
6300 Nall Avenue, Mission, Kansas, 66202
78 as of 12/31/2006
www.SunBridgeCapital.com |
2005 Finance Originations: $92.6 million
2006 Finance Originations: $175.6 million
Current Finance Portfolio: $309 million as of 12/31/06 Association memberships:
- Equipment Leasing and Finance Association
- National Association of Equipment Leasing Brokers
- United Association of Equipment Leasing
- Eastern Association of Equipment Leassors
Recognitions:
- Among “25 Fastest Growing Companies” – Kansas City Business Journal, 2006
- Among “100 Fastest Growing Companies” – Ingram's, 2006
Available for interviews and further comment:
- Adrian Weber, Owner, Chief Executive Officer
- Bob Mapes, Chief Financial Officer
- Chris Gregory, Director of Business Development
[headlines]
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Look Out!!!
Since last year with the signs of subprime mortgage, housing, employment, local, county, state, and federal spending budgets getting out of hand, the cost of the war in Iraq, also Middle East rising oil prices, Leasing News has been trying to prepare the industry as all the signs of a down turn were becoming more and more apparent each day. Employment after June, 2008 would be hit hard with a recovery looking like it will not happen until the end of 2009 or early 2010.
Having a positive attitude, does not mean ignoring what is going on. At the same time, having a negative attitude does not give you an excuse to not doing anything at all.
Taking the summer off is not the answer, as Linda Kester reviewed in her Wednesday column. Also being “desperate” is the wrong face to give to your customers and staff.
As more and more complaints about advance rentals, brokers not being paid, being cut off by sources, industries and states being red lined as well as credit decision becoming more guarded, companies not being able to fund transactions, these are warning signs of a storm ahead. Be prepared.
If you have not read Linda’s column, please read it.
If you have read it, it is something you should print (send to yourself)
and read several times whether you are a president, credit manager, operations person, in sales, broker, collector, involved in any documentation or accounting.
Remember the advice handed down from those who are successful
“The harder I work, the luckier I get.”
Summer Sales---What to do---By Linda P. Kester
http://www.leasingnews.org/archives/June%202008/06-25-08.htm#sales
[headlines]
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[headlines]
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Natural Disaster Preparedness
It appears GreatAmerica Financial has a back-up plan in case of a natural disaster, such as a flood. ATEL Capital in San Francisco has a like operation ready to go in Denver, Colorado should a fire
or earthquake put them out of business in the main headquarters.
No matter your size, your company should have a “fire drill”
to not only get employees out safely, but to continue the operation should you not be able to get back into the building.
This also applies to smaller companies and even one person operations. The easiest and fastest way to get back to a small company’s personal and business life is the “flash stick”
While Leasing News has one computer with a dual hard drive in case one fails, there is a second computer on a second internet line as backup, as well as a laptop. However, the key is a 6 gigabyte flash stick that not only has records, QuickBooks, documentation files, but other records, plus acts as a hard drive itself. In fact, most all of the functions of Leasing News hard drive are in the flash stick (which is also backed up to a computer). Its protection is it is portable, removed when the computer is turned off and carried personally as car keys.
While other back-ups are performed on all the files, anyone who has had the experience of a hard drive failure knows you have to reinstall programs, move files, and re-arrange the connections, that can take more than eight to sixteen hours, and then is not fully complete.
A flash stick with you “every day” information and files necessary to function can fit in any Kinko’s, library, or public computer, as well as a client or friend’s spare computer.
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Please send Leasing News to a colleague and ask them to subscribe.
[headlines]
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Ken Bentsen discusses MLFI-25 on Fox Business
ELFA eNews Daily
Hon. Kenneth E. Bentsen, ELFA president
ELFA President Ken Bentsen was interviewed Wednesday morning on FOX Business. During the 6-minute interview, Ken talked about the new durable goods numbers and how they relate to equipment finance and our sector's role in the economy. Ken provided the logical link of the equipment finance sector to the economy, referencing the MLFI - 25 Survey of Economic Activity released by ELFA on Tuesday.
To view the interview, follow the link below and then go to the right to the QUICK VIEW to see the 6-minute clip (note: there is a commercial at the beginning, and then the story, which will include the interview with Bentsen, who has appeared numerous times on video business news. Editor)
http://media.vmsnews.com/MR.pl?id=062508-885503-Y001448251
MLFI-25 May Leasing/Finance Index
http://www.leasingnews.org/archives/June%202008/06-25-08.htm#mlfi
[headlines]
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NetSol joins Dubai Stock Exchange
Celebrated by NASDAQ as well as the Dubai Stock Exchange,
NetSol becomes the first American company to join DSE.
Naeem Ghauri, CEO, is interviewed on Fox Business News about the event and his company involved in worldwide finance and leasing software.
http://www.foxbusiness.com/video/index.html?referralObject=1728452
Sent in by:
Mitch Van Wye | Chief Operating Officer
NetSol Technologies, North America, Inc.
NasdaqCM: NTWK | www.netsoltek.com
111 Anza Boulevard, Suite 310
Burlingame CA 94010 U.S.A.
Tel: +1 650 348 0650 | Fax: +1 888 730 2527 | Mobile: +1 650 743 5835
email: mitch.vanwye@netsoltek.com
"World Leasing News is a separate entity and not affiliated with Leasing News "
[headlines]
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IRS increases mileage rates through Dec. 31, 2008
WASHINGTON — the Internal Revenue Service today (June 24) announced an increase in the optional standard mileage rates for the final six months of 2008. Taxpayers may use the optional standard rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The rate will increase to 58.5 cents a mile for all business miles driven from July 1, 2008, through Dec. 31, 2008. This is an increase of eight (8) cents from the 50.5 cent rate in effect for the first six months of 2008, as set forth in Rev. Proc. 2007-70.
Mileage Rate Changes
Purpose |
Rates 1/1 through 6/30/08 |
Rates 7/1 through 12/31/08 |
Business |
50.5 |
58.5 |
Medical/Moving |
19 |
27 |
Charitable |
14 |
14 |
In recognition of recent gasoline price increases, the IRS made this special adjustment for the final months of 2008. The IRS normally updates the mileage rates once a year in the fall for the next calendar year.
"Rising gas prices are having a major impact on individual Americans. Given the increase in prices, the IRS is adjusting the standard mileage rates to better reflect the real cost of operating an automobile," said IRS Commissioner Doug Shulman. "We want the reimbursement rate to be fair to taxpayers."
While gasoline is a significant factor in the mileage figure, other items enter into the calculation of mileage rates, such as depreciation and insurance and other fixed and variable costs.
The optional business standard mileage rate is used to compute the deductible costs of operating an automobile for business use in lieu of tracking actual costs. This rate is also used as a benchmark by the federal government and many businesses to reimburse their employees for mileage.
The new six-month rate for computing deductible medical or moving expenses will also increase by eight (8) cents to 27 cents a mile, up from 19 cents for the first six months of 2008. The rate for providing services for charitable organizations is set by statute, not the IRS, and remains at 14 cents a mile.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. Dick Lightner
Executive Vice President
The Ohio Vehicle Leasing Association
1.800.369.5633 ovla@uautolease.com
5959 Dartshire Blvd., Dublin Ohio 43016
[headlines]
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Hon. Cormac J. Carney: Operation Lease Fleece judge.
This came from Scott Pearson:
“Did you know that Carney is a Former UCLA football star, and Rose Bowl MVP. Made the front page of the LA times 2x his senior year, first for his MVP and second when UCLA Law said “no” and Harvard Law said yes!”
Scott Pearson
RPM
(cell) 949-422-0472
(fax) 949-488-0357
www.RobertPearsonMotorsports.com
News Story
“October 15, 2002 President Bush nominated Orange Superior Court Judge—and former UCLA football star—Cormac J. Carney to the U.S. District Court for the Central District of California.
“Carney was nominated late Thursday. If confirmed, he would succeed Carlos Moreno, who was appointed last year to the California Supreme Court.
“The 48-year-old jurist was first appointed to the Orange Superior Court in 2001 by Gov. Gray Davis and sits at the North Justice Center in Fullerton. He was previously a business litigator and partner in the Newport Beach office of O’Melveny & Meyers, where he focused on real estate, partnership, lender liability, environmental, intellectual property and insurance coverage disputes.
Newsletter from Saint Anthony High School, Long Beach, California:
Hon. Cormac J. Carney, Class of 1977.
After graduating from St. Anthony College Prep in 1977 Cormac Carney attended the U.S. Air Force Academy for a year before transferring to UCLA. In his three years with the Bruins he led the football team in receiving each year while maintaining a 3.51 grade point average and earning a degree in psychology.
Before joining O’Melveny & Meyers, Carney was an associate with Latham & Watkins for four years.
While attending UCLA, he was an All-American wide receiver. He was an Academic All-American in 1981 and 1982, the first Bruin football player to win the honor twice, and was named one of the NCAA’s top eight student athletes for 1982-83. Cormac was also named to the All-Pacific-10 Conference teams the same years. He concluded his career as the Bruins' all-time leading receiver with over 100 receptions for nearly 2,000 yards. During his three years, UCLA was 26-7-2, climbed to as high as #5 in the national polls and beat Michigan in the 1983 Rose Bowl. In 2006 Cormac was inducted into the Academic All-America Hall of Fame.
After graduating from UCLA, Cormac played one season with the Memphis Showboats of the United States Football League and passed up San Francisco 49er overtures so he could attend Harvard Law School on an NCAA Post-Graduate Scholarship.
Graduating from the Harvard Law School in 1987, Carney was an associate with Latham & Watkins for four years. He joined the Newport Beach office of O’Melveny & Meyers as a business litigator in 1991 and became a partner there in 1995. While his focus was on real estate, partnership, lender liability, environmental, intellectual property and insurance coverage disputes, devoted numerous hours to pro bono work for the disadvantaged. As a partner at O'Melveny, he supervised the firm's junior lawyers on pro bono cases, which included housing issues, education, civil rights, and the rights of homeless people.
He fulfilled an appointment by Gov. Gray Davis to the Orange County Superior Court in 2001 where he presided over both criminal and civil matters. President George Bush nominated Judge Carney for the U.S. District Court on October 15, 2002.
After Carney’s nomination California Senator Diane Feinstein described Cormac this way:
“Judge Carney is a bright, young judge with truly impressive credentials. Judge Carney graduated cum laude from UCLA, where he earned All-American honors as a wide receiver. He attended Harvard Law School, worked as a partner for the prestigious law firm of O'Melveny & Myers, and has served with distinction as a Los Angeles Superior Court judge. I am confident he will prove a valuable addition to the bench in the Southern District of California.”
Judge Carney was confirmed by an 80-0 vote of the U.S. Senate as a U.S. District Justice in April 2003.
Carney now spends his days handling complex civil and criminal matters, including patents, copyrights, trademarks, securities, business finance, civil rights, drug conspiracies and white collar crime.
He and wife Mary Beth have three children, Thomas, John, and Clair.
Cormac was not the only athletically gifted member of the Carney clan – His father Padraig starred for a famous Gaelic football (which combines elements of rugby and soccer) side in Mayo, Ireland, in the 1950s and was inducted into the Gaelic Athletic Association Hall of Fame in 2001.
His brother Terence, Class of 1975, played baseball and football for the Saints. He took up basketball as a senior and earned a hoops scholarship to the University of the Pacific where he played from 1975 to 1979. Terrence’s daughter Katie was a four year started in soccer for El Toro High School and went on to play at UNLV where as a sophomore she scored the winning goal in overtime to give the Rebels their first ever Mountain West Conference Championship in 2005 and was named tournament MVP.
And his other brother Brian, Class of 1973, also played football for the Saints and went on to play at Air Force from 1974 to 1977. Brian’s son Jake played high school football in Kentucky at Lexington Catholic High School and went on to play defensive back for the Fighting Irish at Notre Dame.
http://www.longbeachsaints.org/alumni/wheretheyare/carney/
[headlines]
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Leasing Industry Help Wanted
Sales Representative
|
Sales Representative
We're a progressive leasing company with ambitious growth plans for 2008. If you're a proven sales rep in the small ticket arena and ready to join a winning team, contact us immediately. We offer a competitive comp plan, amazing work environment, and have strong relationships with the major funding sources.
E-mail: recruiter@gen-cap.com .
About the Company: Genesis Commercial Capital, LLC; Irvine, CA |
|
|
VENDOR SALES SPECIALISTS
LEASING SALES PROFESSIONALS
Like selling vendor programs and large transactions?
Enjoy international financing programs?
Prefer the advantages of a commission only environment with the security of health and welfare benefits?
CLICK HERE to find out how to have fun again. |
Please see our Job Wanted section for possible new employees.
[headlines]
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New Hires---Promotions
Joe Arroyo (51) as Chief Financial Officer of CIT Vendor Finance. Based in New Jersey, Arroyo will be responsible for managing CIT Vendor Finance’s financial functions on a global basis and will oversee financial reporting, financial and strategic planning, pricing and accounting practices. Prior to joining CIT, Arroyo served as CFO, North America, for Volvo Financial Services, where he supported business leadership by driving data-driven decisions, thus aligning the organization and enhancing accountability. Before this, Arroyo held a succession of executive positions at GE Corporate Financial Services, including CFO and controller of GE Capital Commercial Services, where he was responsible for controllership, financial planning and analysis, and pricing leadership for the factoring and asset-based lending businesses.
Patrick Henry Dowling, appointed Tygris Commercial Finance – Senior Managing Director, Aerospace and Defense Finance .Prior to joining Tygris Mr. Dowling was Managing Director and General Manager of CIT Leveraged Finance – Transportationwhere he was responsible for the global reach of the group by providing solutions for manufacturers, suppliers and service providers seeking debt, leasing and structured financings. Mr. Dowling, a certified public accountant, was previously Managing Director and Industry Leader, Aerospace and Defense for GE Commercial Finance and had over a 22 year career at GE serving in various management and leadership positions.
James Dunleavy has joined Orix Finance to develop and head the Media Finance practice. Prior to joining ORIX, Mr. Dunleavy formed the Media Finance team at Merrill Lynch Capital where he completed over 40 financings during his five years. Before that time, he served as Managing Director at IBJ Whitehall Bank, where he formed the Media and Communications lending team and was responsible for origination, underwriting, and portfolio management. Earlier in his career he spent several years focused on financings for media companies with National Westminster Bank USA, Communications Equity Associates and ABN AMRO Bank.
Jon Fliss has been named executive vice president, human resources at Textron Financial. Fliss joined Textron Inc. in 2003, serving as director of executive compensation and executive benefits, where he was responsible for Textron’s Executive Compensation Program.
He also formalized Textron’s compensation benchmarking practices to the benefit of employees at all compensation levels.
Prior to Textron, Fliss served in human resources and strategy roles at Sears, Roebuck & Company, and as a Captain in the U.S. Army. He received a BS from the U.S. Military Academy at West Point and an MBA from Northwestern University. Fliss has also completed Textron’s Executive Leadership Program at the Thunderbird School for Global Management.
Frank J. Galle, appointed Tygris Commercial Finance – Managing Director, Risk. Prior to joining Tygris Mr. Galle was Managing Director and CRO, Restructuring Finance Group of Merrill Lynch & Co. where he established and managed the underwriting process. Mr. Galle, a certified public accountant, was previously Managing Director and Co-Head of Restructuring Finance Group of GE Commercial Finance, Senior Vice President and Team Leader at Bank of America, Vice President, Client Management at JP Morgan Chase. He began his career as a senior accountant at Ernst & Young and entered banking as a financial analyst at Goldman Sachs & Co.
Ron Kubick, appointed Tygris Commercial Finance – Senior Managing Director, Restructuring Finance. Prior to joining Tygris Mr. Kubick was Head of US Strategic Finance at Barclays Capital where he successfully built and established their Restructuring Finance and Asset Based Lending franchise. Mr. Kubick was previously Senior Vice President, Origination of GE Corporate Lending’s Restructuring Finance Group.
Troy Murray appointed vice president and national sales manager for Textron's Vendor Finance Division. Previously he was with GE Capital. Murray has also worked for Information Leasing Corporation, originating leases and loans to the golf industry, as well as American Equipment Leasing.The Vendor Finance Division develops and manages vendor-based equipment leasing relationships across multiple industries, oversees Textron Financial’s golf equipment financing business, and pursues construction and agricultural equipment financing opportunities in the U.S. and Canada. The division is based in Alpharetta, Georgia.
Alun Richards, now principal with the Alta Group. He will concentrate on numerous opportunities in Europe, especially in France, the Benelux countries and the Nordic region. Alun is fluent in Swedish and speaks French as well. He was Managing Director for Key Equipment Finance’s European region. Prior to Key, he was General Manager of pan-European partner programmes for GE European Equipment Finance and Managing Director of the Benelux, Italy and Spain regions. He also held various managerial roles in the Nordic region.
Edward T. Stolarski, appointed Tygris Commercial Finance – Senior Managing Director, Energy Finance. Prior to joining Tygris Mr. Stolarski was Senior Managing Director – Energy Head of FirstLight Financial Corporation where he was responsible for building and growing an energy finance team. Mr. Stolarski was previously Managing Director, Commercial Leader of GE Energy Financial Services, Inc. and over a 16 year career at GE Mr. Stolarski held various management and leadership positions.
Dick Szwak was hired as vice president of sales for SG Equipment Finance High Technology Market Segment. He recently served as vice president and general manager of strategic accounts at Avaya Financial Services. Prior to joining SGEF USA, he was VP of Asset Management, Director of Sales, for the CIT Group, and Director of Federal Government Leasing at AT&T Capital Corporation.
[headlines]
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### Press Release ###########################
SILO Transactions hit Southern Company $70-$90MM
ATLANTA, -- Southern Company announced that it expects to record an after tax charge of approximately $70 million - $90 million in the second quarter of 2008 related to three residual investments from the 1990s, when the company pursued development of international energy projects. These international lease transactions, commonly known as "sale-in, lease-out" or "SILO" transactions, are no longer pursued by Southern Company or its subsidiaries.
In connection with an audit of the company's 2000 - 2003 tax returns, the Internal Revenue Service (IRS) challenged Southern Company's deductions related to the SILO transactions. In the third quarter of 2006, Southern Company paid the full amount of the disputed tax and the applicable interest on the SILO issue for tax years 2000 and 2001, and filed a claim for refund which was denied by the IRS. Following the IRS disallowance of the refund claim, Southern Company initiated litigation in the U.S. District Court for the Northern District of Georgia for a complete refund of tax and interest paid for the 2000 and 2001 tax years.
During the second quarter of 2008, decisions in favor of the IRS were reached in several court cases involving other tax payers with similar leveraged lease investments. Pursuant to the application of Financial Accounting Standards Board (FASB) Interpretation No. 48, "Accounting for Uncertainty in Income Taxes" (FIN 48) and FASB Staff Position No. 13-2, "Accounting for a Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction" (FSP 13-2), management is required to assess, on a periodic basis, the likely outcome of the uncertain tax positions related to the SILOs.
Based on these accounting standards and management's review of the recent court decisions, Southern Company expects to record an after tax charge of approximately $70 million - $90 million in the second quarter of 2008. Of the total, approximately $20 million - $30 million is associated with the application of FIN 48 and represents additional interest expense related to tax returns for years 2000 - 2007 and approximately $50 million - $60 million represents non-cash charges related to the application of FSP 13-2. The charges related to FSP 13-2 reflect the reallocation of lease income and will be recognized as income over the remaining term of the affected leases. The tax benefit associated with the lease transactions represents timing differences that do not impact total net income over the life of the transactions. The ultimate impact on Southern Company's net income and cash flow will be dependent on the outcome of its pending litigation with the government and proposed legislation and cannot be determined at this time.
With nearly 4.4 million customers and more than 42,000 megawatts of generating capacity, Atlanta-based Southern Company (NYSE: SO - News) is the premier energy company serving the Southeast, one of America's fastest-growing regions. A leading U.S. producer of electricity, Southern Company owns electric utilities in four states and a growing competitive generation company, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and retail electric prices that are significantly below the national average. Southern Company has been listed the top ranking U.S. electric service provider in customer satisfaction for nine consecutive years by the American Customer Satisfaction Index (ACSI).
Visit our Web site at www.southerncompany.com
[headlines]
### Press Release ###########################
Ecologic Leasing Solutions Acquires Captara Corporation
Combination Will Drive 5-20% Savings for Fortune 500 Equipment Lessees
WASHINGTON, -- Ecologic Leasing Solutions announced that it completed the acquisition of Captara Corporation, a San Francisco, Calif.-based lease management software company, which had been Ecologic's main competitor.
"Captara software enables users to easily plan and manage their corporate equipment lease portfolio. We were most interested in their lessor marketplace functionality that allows busy treasury and procurement professionals to compete lease transactions by simply creating an RFP and sending it to over 200 lessors. They can then quickly and easily analyze the lease proposals on an apples-to-apples basis and make the best financial decisions for their company," said Michael Keeler, CEO of Ecologic. "This capability reduces the time it takes to complete lease transactions from three months to three weeks and typically generates 5-8% savings on original cost because of the degree of competition. That is a huge, proven, recurring savings for our Fortune 500 clients who typically lease $15 million or more of equipment annually. That's why we bought the company."
Both companies provide web-based software and outsourcing services for managing the equipment leasing process throughout the lifecycle of leases, assets, and lender relationships. Financial terms of the deal were not disclosed.
"Captara's technology complements Ecologic's ongoing mission to simplify and eliminate the hidden and excessive costs of the equipment leasing process for large companies," said Angela Sabella, CFO. "Captara is an innovator in the field of lease management, and we're excited that the Captara team has joined Ecologic."
Captara was founded in January 1999 as PureMarkets Corporation. In August 2004, PureMarkets changed its name to Captara as it transitioned from serving as an on-line portal for equipment lease transactions to serving large corporations in their leasing portfolio management. Ecologic gained control of Captara in a financial transaction that was completed on June 1, 2007. However, Ecologic did not move to fully integrate Captara and announce the acquisition until the recent settlement of ongoing trademark litigation against Captara. Captara's clients and staff were fully integrated into Ecologic's operations in December 2007. The software services integration is expected to be completed on schedule in Q3. Captara clients should not experience any interruption in service.
About Ecologic Leasing Solutions
Ecologic provides a comprehensive suite of services for the reporting, control, and management of all corporate leases and assets delivering visibility, scalability, compliance, rapid payback, and sound financial decision-making to lessees. Fortune 500 companies deploy Ecologic's software and outsourcing services to save 5-20% on their equipment lease portfolio, reduce lease turn-around time by up to 85% and scale to meet their financial performance objectives while ensuring audit compliance. Founded in 2000, the Company is headquartered in Northern Virginia, with offices in Montreal and San Francisco.
For more information, visit: http://www.ecologicleasing.com.
[headlines]
### Press Release ###########################
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(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)
News Briefs---- BofA Leasing Ireland returns $35mm profit
http://www.independent.ie/business/irish/aircraft-lessor-returns-35m-profit-1421192.html
ILFC Mulls Order for 300 Planes From Airbus, Boeing
http://www.domain-b.com/aero/aero_mfg/20080625_ilfc.html
Citigroup sinks to 10-year low, Goldman urges short sale
http://www.reuters.com/article/ousiv/idUSWNA730720080626
Fed Move Would Ease Investing in Banks
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/26/AR2008062603535.html
BofA to cut 7,500 jobs after Countrywide deal
http://www.boston.com/business/articles/2008/06/26/bofa_to_cut_7500_jobs_
after_countrywide_deal_closes/
Rates on 30-year mortgages rise again, to 6.45%
http://www.usatoday.com/money/economy/housing/2008-06-26-mortgage-rates_N.htm
Airlines pay $504M to settle price-fixing scam
http://biz.yahoo.com/ap/080626/airline_price_fixing.html
Bill Gates moves on, but Microsoft keeps his 'quests' alive
http://www.chicagotribune.com/business/sns-ap-microsoft-gates,0,7263268.story
Tim McGraw Gets Rough on State ( a short commercial opens)
http://us.lrd.yahoo.com/_ylt=AuGoHOM.LUaD9zz.QvSa0TgazJV4/SIG=124vb7n4a/**htt
p%3A//cosmos.bcst.yahoo.com/up/ynews%3Fch=4226715%26cl=8526636
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You May have Missed--- No more .com
Get ready for "frys.electronics", "books.amazon," "american.leasing"
http://www.nytimes.com/2008/06/27/technology/27icann.html?ref=business
http://www.usatoday.com/money/industries/technology/2008-06-26-domain-names_N.htm
[headlines]
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Sports Briefs---- Recruit visits S. Carolina, but coaches on vacation
http://www.ajc.com/sports/content/shared-blogs/ajc/cfbrecruit/entries/
2008/06/26/costly_vacation.html
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California Nuts Briefs--- Weekend weather threatens to spread California wildfires
http://www.usatoday.com/weather/wildfires/2008-06-26-lightning-fires-in-future_N.
htm?loc=interstitialskip
Western States Endurance Run canceled due to fires
http://www.auburnbuzz.com/content/view/1377/112/
Charities hot as governor urges a fireworks boycott
http://www.sacbee.com/111/story/1040753.html
SF Zoo Tiger attack update
Tatiana, the San Francisco Zoo tiger that jumped out of her enclosure and attacked thee visitors, killing a 17-year-old boy on Christmas Day 2007, was frantic for food, according to a report by KCBS.
During the two years between when she was transferred to the San Francisco Zoo from the Denver Zoo and when she was shot by San Francisco police, she lost 50 pounds. Her weight dropped to 242 pounds from 292.
At the Denver Zoo, she was fed 42 pounds of food a week. At the San Francisco Zoo, she was fed between 32 and 36 pounds of food a week.
Her keeper's notes show a pattern: "Tatiana frantic for food."
[headlines]
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(This is a free “ad” for our good friends the Bateman’s,
proprietors of Thunder Mountain Kona coffee)
“Gimme that Wine” Walking vineyard rows for nearly 55 years
http://www.napavalleyregister.com/articles/2008/06/25/news/local/doc48627a7917f43352982865.txt
BoutiqueWineCellar.com Expands Direct-to-Consumer Wine Sales Platform
http://www.businesswire.com/portal/site/home/email/headlines/?ndmViewId=news_view
&newsLang=en&div=-1784497667&newsId=20080624005325
Old vine white wines can dazzle the plate during the summer
http://www1.arguscourier.com/article/20080626/COMMUNITY/832088763
Daniel: Walla Walla wineries producing top-notch cabernet, merlot, syrah
http://www.mercurynews.com/lauriedaniel/ci_9689104?nclick_check=1
New gizmo creates fine wine in mere minutes
http://www.suntimes.com/lifestyles/food/1021057,FOO-News-det25.article
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
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Calendar Events This Day Decide to be Married Day.
To focus attention on the joy of couples deciding to get married.
Based on the poem “Decide to be Married”: “It’s in the deciding to be united in love, to express your joyful oneness to every person you meet, and in every action you take and together, a perfect marriage you’ll make.
www.paradiseearth.us
Djibouti: Independence Day
Commemorates independence from France in 1977.
https://www.cia.gov/library/publications/the-world-factbook/geos/dj.html
National Orange Blossom Day
Paul Bunyan Day
http://holidayinsights.com/moreholidays/June/paulbunyanday.htm
Sunglasses Day
http://holidayinsights.com/moreholidays/June/sunglassesday.htm
Saint feast Days
http://www.catholic.org/saints/f_day/jun.php
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James Madison, 5 feet, 4 inches tall, was the shortest president of the US. Abraham Lincoln was the tallest at six feet, 4 inches.
[headlines]
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Today's Top Event in History
1949- “Captain Video” premiered on the Dumont network. It was the first and longest running of several TV space shows. It was created, produced, and written by my father Lawrence Menkin, who also was program manager. He also created “Hands of Mystery” and “Harlem Detective”, the first Black television
Show ( in 1954 he was the producer of the first coast to coast television show on NBC, employing the first Black TV writer.) Captain Video was set in the 22nd century and starred Richard Coogan as Captain Video, a human who led a squad of agents (the Video Rangers) fighting villains from their own and other worlds. Al Hodge later replaced Coogan. and the show moved to NBC. My father often played the music to the series, “The Planets,” at home and brought it
to his series. Also on the show were Don Hastings and Hal Conklin, with Ernest Borgnine, Jack Klugman and Tony Randall as guest villains. A second series, “The Secret Files of Captain Video,” began in 1953 but was discontinued in 1955, when my family moved to Pacific Palisades, California, where my father was hired by Ziv TV to write and be the editor for a number of television series, including “Highway Patrol” and later “Death Valley Days,” “Rawhide, “ “ Perry Mason,” and “Bonanza,” among many others. It was common when he was either the executive producer or story editor that he would write under another name
as he felt other writers might thing he was a “hog.” James Cadigan was the program manager of the Dumont Network and often named as the producer.
http://slick-net.com/space/video/rugani/index.phtml
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This Day in American History June 27, 1923 Elmo Hope Birthday
http://members.tripod.com/~hardbop/ehope.html
Feast day for Saint Peter and Saint Paul. Commemorates dual martyrdom of Christian apostles Peter (by crucifixion) and Paul (by beheading) during persecution by Roman Emperor Nero. Observed since third century.
1564-the first painting of an American scene by a European painter was painted near what is now St. Augustine, FL, by Jacques Le Moyne de Morgues, a cartographer who accompanied the French Huguenot expedition to Florida under Rene Goulaine de Laudonniere. The work, title, “ Laudonnierus et Rex Athore ante Columnan a Praefecto Prima Navigattione Locatam Quamque Venerantur Floridenses, was painted in gouache and metallic pigments on vellum. It shows Laudonniere being welcomed by a party of Native Americans led by Chief Athore.
http://www.floridahistory.com/de-bry-plates/le-moyne-bio.html
http://aradergalleries.com/gallery/LeMoyne/lemoyne.htm
http://www.ibiblio.org/expo/1492.exhibit/full-images/outina.gif
http://pelotes.jea.com/leMoyne.htm
http://www.infoplease.com/ce6/people/A0829011.html
http://www.philaprintshop.com/debrytxt.html#Florida
http://www.castenmaps.com/america2.html
http://www.amazon.com/exec/obidos/ASIN/0714107379/avsearch-df1-2-20/
103-6066912-8633404
1776-the first execution by the Colonial Army took place at a field near Bowery Lane, New York City, in the presence of 20,000 persons, including an armed assembly of all the off-duty officers and men of four brigades.
A guard, Thomas Hickey, plotted with others to capture George Washington and deliver him to Sir William Howe. Hickey was tried, convicted, and hanged.
Ex-Governor Tyron was one of the 200,000 loyalist who returned to England. He had sent his wife there in 1775 with children and joined them in 1780
http://famousamericans.net/thomashickey/
http://www.factmonster.com/ce6/people/A0849552.html
http://www.tryonpalace.org/pages/classpgs/d1_footpg.html
1829-The Smithsonian Institute is born from an endowment.
In Genoa, Italy, English scientist James Smithson dies after a long illness, leaving behind a will with a peculiar footnote. In the event that his only nephew died without any heirs, Smithson decreed that the whole of his estate would go to "the United States of America, to found at Washington, under the name of the Smithsonian Institution, an Establishment for the increase and diffusion of knowledge." Smithson's curious bequest to a country that he had never visited aroused significant attention on both sides of the Atlantic. The gift turned out to be $500,000, quite a bit of money in its day.Congress agreed that the bequest would support the creation of a museum, a library, and a program of research, publication, and collection in the sciences, arts, and history.
John Smithson, the Smithsonian Institution's great benefactor, is interred in a tomb in the Smithsonian Building.
(lower half of: http://memory.loc.gov/ammem/today/jun27.html )
1833- Prudence Crandall, a white woman, arrested for conducting an academy for black females at Canterbury Conn
http://www.state.ct.us/emblems/heroine.htm
http://skyways.lib.ks.us/history/crandall.html
1841- Agnes Irwin - U.S. educator, Dean of Radcliffe who created a program for awarding doctorate degrees to women in conjunction with Harvard University and built Radcliffe's first gymnasium, library, and dormitories. At the resignation of President Elizabeth Agassiz, a man was appointed president of Radcliffe instead of Irwin. It was a painful snub but it is a living example of the prejudice shown to women. Radcliffe was the Harvard-attached women's college. It would be almost 70 more years before the seven sister all- women colleges would all have women deans and presidents. Radcliffe has since been fully integrated with Harvard.
1844-Joseph Smith, Jr., the founding prophet of The Church of Jesus Christ of Latter-day Saints and his brother Hyrum were shot to death by an armed mob in Carthage, IL. At the time, Joseph Smith was the presidential candidate of the National Reform Party, the first US presidential candidate to be assassinated.
His candidacy was advocated by the church’s Council of Twelve. The National Reform Party confirmed the nomination in a state convention at Nauvoo, Il. on May 17, with Sidney Rigdon of Pennsylvania as his running mate. Smith and his brother were killed when a mob shot him after breaking into the jail at Carthage, Il., where he was confined awaiting trial on charges brought against him by his personal enemies and by seceders from the church.
1859- The melody of probably the most often sung song in the world, “Happy Birthday to You,” was composed by Mildred J. Hill, a schoolteacher born this day at Louisville, KY. Her younger sister, Patty Smith Hill, was the author of the lyrics which were first published in 1893 as “Good Morning to All,” a classroom greeting published in the book Song Stories for the Sunday School. The lyrics were amended in 1924 to include a stanza beginning “Happy Birthday to You.” Now it is sung somewhere in the world every minute of the day. Although the authors are believed to have earned very little from the song, reportedly it later generated about $1 million a year for its copyright owner. The song is expected to enter public domain upon expiration of copyright in 2010. Mildred Hill died at Chicago, IL, June 5,1916 without knowing that her melody would become the world’s most popular song.
June 27,1861
http://www.newadvent.org/cathen/15551a.htm
1861-the first Union naval officer killed in the Civil War was Captain James Harmon Ward of the Thomas Freeborn, who landed at Mathias Point, VA, on the Potomac River about 50 miles south of Washington, DC, with about 35 men and 250 sandbags to erect breastworks to unload a cannon. They were surprised by 1,500 infantrymen, who attached them and drove them off. Ward was hit in the breast by a Minie ball and died from an internal hemorrhage. He had been appointed on May 16, 1861, to command the Potomac flotilla.
http://suvcw.org/mollus/art009.htm
http://www.usna.edu/InfoTech/ward_hall.htm
1862- May Irwin birthday - U.S. singer-actor. She popularized ragtime with such songs "After the Ball" and "A Hot Time in the Old Town Tonight."
1874 - Using new high-powered rifles to devastating effect, 28 buffalo hunters repulse a much larger force of attacking Indians at an old trading post in the Texas panhandle called Adobe Walls. These white buffalo hunters, who had already greatly reduced the once massive herds, continued to hunt in the territory. By the early 1870s, Commanche, Kiowa, and Cheyenne hunters were finding it harder to locate buffalo, and they blamed the illegal white buffalo hunters. When the federal government failed to take adequate measures to stop the white buffalo hunters, the great chief Quanah Parker and others began to argue for war. In the spring 1874, a group of white merchants occupied an old trading post called Adobe Walls near the South Canadian River in the Indian's hunting territory. The merchants quickly transformed the site into a regional center for the buffalo-hide trade. Angered by this blatant violation of the treaty, Chief Quanah Parker and Lone Wolf amassed a force of about 700 Commanche, Kiowa, and Cheyenne braves. On this day in 1874, the Indians attacked Adobe Walls. Only 28 hunters and traders occupied Adobe Walls, but they had two advantages over the Indians: the thick walls of the adobe structure were impenetrable to arrows and bullets, and the occupants had a number of high-powered rifles normally used on buffalo. The huntersýý .50 caliber Sharps rifles represented the latest technology in long-range, rapid firing weaponry. Already skilled marksmen, the buffalo hunters used the rifles to deadly effect, decimating the warriors before they came close enough even to return effective fire. On the second day of the siege, one hunter reportedly hit an Indian warrior at a distance of eight-tenths of a mile. Despite their overwhelmingly superior numbers, after three days the Indians concluded that Adobe Walls could not be taken and withdrew. The defenders had lost only four men in the attack, and they later estimated that the Indians had lost 13. Enraged by their defeat, several Indian bands subsequently took their revenge on poorly defended targets. Fearful settlers demanded military protection, leading to the outbreak of the Red River War. By the time the war ended in 1875, the Commanche and Kiowa had been badly beaten and Indian resistance on the Southern Plains had effectively collapsed.
1896—A kiss in a film brought demands for movie censorship.
1864 --Atlanta Campaign-Battle of Kennesaw Mountain
http://ngeorgia.com/travel/kennesawmtn.html
http://www.cviog.uga.edu/Projects/gainfo/batkenne.htm
1869- Emma Goldman birthday - Russian-born American anarchist and labor leader who renounced violence as a method for social change. Known in the press as "Red Emma," she was arrested several times and imprisoned for speaking out on subjects frowned on by the government, especially birth control. Her feminist stand on birth control, working conditions, free love (consensual love between two adults without coercion of church or state), and her opposition to child labor got her into more trouble with authorities than her anarchy and fiery speeches to unemployed workers. She edited the magazine Mother Earth that advocated extensive social change. She opposed the U.S. entry into World War I and was sentenced to five years in prison for opposing conscription. To get rid of her, the U.S. government canceled HER EX-HUSBAND's citizenship and said that the nullification of HIS citizenship automatically canceled hers because a U.S. married woman could only hold American citizenship in her husband's name. (At the time, native-born U.S. women LOST their citizenship if they married a man who was not native- born!) She was deported to Russia along with a large number of others but she left there to tour Europe and Canada speaking out on issues concerning the poor, the working classes, and women. She was also an advocate of European and British authors. She spoke and wrote in support of a number of the new writers including Ibsen and Shaw. She was bisexual.
http://sunsite.berkeley.edu/Goldman/
http://sunsite.berkeley.edu/Goldman/Guide/
1872- birthday of African-AmericanPaul Laurence Dunbar, poet and novelist.
http://memory.loc.gov/ammem/today/jun27.html
1880- Helen Keller born - an icon of the human spirit. HK was struck blind and deaf at 19 months old by scarlet fever. She learned to communicate with the world through the efforts of Anne Sullivan who helped her develop into the most admired woman in the history of the U.S. - or the world. She became a world-wide advocate for the blind and handicapped by communicating through a system of tapping into the palm of Sullivan and vise versa. She graduated cum laude from Radcliffe with Sullivan at her side translating. (One wonders why Sullivan didn't get some recognition since everything Keller did had to go through Sullivan from being her ears to recording her thoughts.)
http://www.afb.org/info_document_view.asp?documentid=1351
http://www.time.com/time/time100/heroes/profile/keller01.html
http://www.afb.org/info_documents.asp?collectionid=1
1888- Birthday of Antoinette Perry . She directed nearly 30 plays on Broadway including The Barrett's of Whimple Street and the even more famous Harvey. She established the American Theatre Wing in 1947. The Wing now names its annual awards for excellence in theater in her honor, recognizing her as one of the most influential people in the history of American theater. The Antoinette Perry Awards are popularly known as "The Tony.”
http://womenshistory.about.com/library/prm/bltonyaward1.htm
1893-Birthday of Crystal Dreda Bird Fauset, American race relations specialist, state legislator, and first black woman elected to a U.S. State legislature (Pennsylvania 1938). She helped create the Swarthmore College Institute of Race Relations (1933).
1901 - There was a rain of fish from the sky at Tiller's Ferry. Hundreds of fish were swimming between cotton rows after a heavy shower.
1912-Birthday of Min Okubo - award winning U.S. artist of Japanese descent was interned in 1942. She founded the literary magazine Trek with other internees. She illustrated the special Fortune magazine issue on Japan, exhibited drawings and paintings from the Japanese relocation camps, and published Citizen 13660 (1946) about her experiences in the camps. Major retrospect’s of her work have been held on both coasts.
1923---Jazz pianist Elmo Hope Birthday
http://members.tripod.com/~hardbop/ehope.html
1924- cowgirl yodeler Rosalie Allen was born in Old Forge, Pennsylvania. Popular throughout the 1940's and '50s, Allen had hits with "I Want to Be a Cowboy's Sweetheart" and "He Taught Me How to Yodel." She was often teamed with another legendary yodeler, Elton Britt. Their record hits together included "Quicksilver" and "The Yodel Blues."
1927-birthday of pianist Johnny “Big Moose” Walker, Stoneville, MS
http://www.storm.ca/~moparman/bmw.shtml
1930-birthday of H. Ross Perot, philanthropist, businessman, 1992 and 1996 presidential candidate, born Texarkana, TX.
http://www.perot.org/
1940-Cab Calloway Band with Chu Berry cuts “Ghost of a Chance.”
1940 - The Germans set up two-way radio communication in their newly occupied French territory, employing their most sophisticated coding machine, Enigma, to transmit information. The Germans set up radio stations in Brest and the port town of Cherbourg. Signals would be transmitted to German bombers so as to direct them to targets in Britain. The Enigma coding machine, invented in 1919 by Hugo Koch, a Dutchman, looked like a typewriter and was originally employed for business purposes. The German army adapted the machine for wartime use and considered its encoding system unbreakable. They were wrong. The Brits had broken the code as early as the German invasion of Poland and had intercepted virtually every message sent through the system. Britain nicknamed the intercepted messages Ultra.
1942 - The FBI announced the capture of eight Nazi saboteurs who had been put ashore from 2 submarines, one off New York’s Long Island and the other off of Florida. The men were tried by a military court and 6 were secretly executed in a DC jail. Ernest Burger and George Dasch were sentenced to 30 years in prison for their help in revealing the plot. They were pardoned in 1948 by Pres. Truman.
1949- “Captain Video” premiered on the Dumont network. It was the first and longest running of several TV space shows. It was created, produced, and written by my father Lawrence Menkin, who also was program manager. He also created “Hands of Mystery” and “Harlem Detective”, the first Black television
Show ( in 1954 he was the producer of the first coast to coast television show on NBC, employing the first Black TV writer.) Captain Video was set in the 22nd century and starred Richard Coogan as Captain Video, a human who led a squad of agents (the Video Rangers) fighting villains from their own and other worlds. Al Hodge later replaced Coogan. and the show moved to NBC. My father often played the music to the series, “The Planets,” at home and brought it to his series. Also on the show were Don Hastings and Hal Conklin, with Ernest Borgnine, Jack Klugman and Tony Randall as guest villains. A second series, “The Secret Files of Captain Video,” began in 1953 but was discontinued in 1955, when my family moved to Pacific Palisades, California, where my father was hired by Ziv TV to write and be the editor for a number of television series, including “Highway Patrol” and later “Death Valley Days,” “Rawhide, “ “ Perry Mason,” and “Bonanza,” among many others. It was common when he was either the executive producer or story editor that he would write under another name as he felt other writers might thing he was a “hog.” James Cadigan was the program manager of the Dumont Network and often named as the producer.
http://slick-net.com/space/video/rugani/index.phtml
1950-U.S. forces were ordered to Korea by President Harry S. Truman to help South Korea repel the North Korean invasion. The president received the approval of Congress for his action and the UN Security Council adopted a U.S. resolution for armed intervention.
1954---Top Hits
Little Things Mean a Lot - Kitty Kallen
Three Coins in the Fountain - The Four Aces
Hernando’s Hideaway - Archie Bleyer
I Don’t Hurt Anymore - Hank Snow
1957 - Hurricane Audrey smashed ashore at Cameron, LA, drowning 390 persons in the storm tide, and causing 150 million dollars damage in Texas, Louisiana and Mississippi. Audrey left only a brick courthouse and a cement-block icehouse standing at Cameron, and when the waters settled in the town of Crede, only four buildings remained. The powerful winds of Audrey tossed a fishing boat weighing 78 tons onto an off-shore drilling platform. Winds along the coast gusted to 105 mph, and oil rigs off the Louisiana coast reported wind gusts to 180 mph. A storm surge greater than twelve feet inundated the Louisiana coast as much as 25 miles inland. It was the deadliest June hurricane of record for the U.S.
1962-The American Football League conducted a special draft of veteran players to assist its two weakest teams, the Oakland Raiders and the Denver Broncos. In the league’s first two years, the Broncos had compiled a record of 7-20-1, and the Raiders were 8-20. The draft helped a bit. Denver finished 7-7 in 1962, but Oakland slipped to 1-13.
1962---Top Hits
I Can’t Stop Loving You - Ray Charles
The Stripper - David Rose
Palisades Park - Freddy Cannon
She Thinks I Still Care - George Jones
1963 ---Bill J Kramer & Dakotas record Lennon & McCartney "I Call Your Name
1964- Peter and Gordon's "World Without Love" reached number one on the Billboard Hot 100 chart. Paul McCartney wrote the song, but it was listed on the record under another name to see if a McCartney tune would be successful even if no one knew he had written it. At the time he composed "World Without Love," McCartney was courting Jane Asher, the sister of Peter Asher, one- half of Peter and Gordon.
1966 - No. 1 Billboard Pop Hit: ``Strangers in the Night,'' Frank Sinatra.
1969- the Denver Pop Festival opened at the Mile High Stadium. Among the performers were Jimi Hendrix, Johnny Winter and Creedence Clearwater Revival. It was the last concert by the Jimi Hendrix Experience. Later that year, Hendrix formed the Band of Gypsies.
1969 - New York City police, attempting to serve a search warrant, charged into the well-known gay hangout, the Stonewall Inn. Events quickly got out of hand. Police ejected customers, managers, bouncers. Everyone got booted outside onto the sidewalk. The crowd became increasingly unruly and someone threw a bottle at the police. The plain-clothes police team was trapped inside the bar for over two hours before the NYPD Tactical Patrol Force arrived and drove the mob from in front of the Stonewall. Police arrested and jailed many of the chanting gays. For the next few nights, the Stonewall Inn became the focal point of gay protests. The gay community began to organize and form committees to bring about change. Many feel that the Gay Liberation Movement had its beginnings with the Stonewall Inn Riots.
1970---Top Hits
The Love You Save - The Jackson 5
Mama Told Me (Not to Come) - Three Dog Night
Ball of Confusion - The Temptations
Hello Darlin’ - Conway Twitty
1970 - The Jackson 5: Marlon, Tito, Jackie, Randy and Michael, jumped to number one on the music charts with "The Love You Save". The song stayed at the top of the charts for two weeks. It was the third of four number one hits in a row for the group. The other three were: "I Want You Back", "ABC" and "I’ll Be There". In 15 years (from 1969 to 1984), The Jackson 5/Jacksons had 23 hits, scored two platinum singles ("Enjoy Yourself" and "Shake Your Body [Down to the Ground]") and one gold record ("State of Shock").
1971-Promoter, Bill Graham, closed the Fillmore East in New York City. It was a spin-off of San Francisco's legendary Rock and Roll palace, Fillmore West. The New York City landmark laid claim to having hosted every major rock group of the 1960s.
1972 - No. 1 Billboard Pop Hit: ``Song Sung Blue,'' Neil Diamond.
1972 - Bobby Hull signed a 10-year hockey contract for $2,500,000, as he became a player and coach of the Winnipeg Jets of the World Hockey Association.
1973- Eighteen-year –old David Clyde, a recipient of a $125,000 bonus to sign with the Texas Rangers, made his major league debut against the Minnesota Twins. the Rangers won,4-3, before 35,6908 fans, the first sellout of the year at Arlington Stadium. He lasted five years and now works at his father-in-law’s lumber yard in Tomball, Texas .
http://www.baseball-reference.com/c/clydeda01.shtml
1978---Top Hits
Shadow Dancing - Andy Gibb
Baker Street - Gerry Rafferty
It’s a Heartache - Bonnie Tyler
I’ll Be True to You - The Oak Ridge Boys
1979-Amalya Lyle Kearse of New York City was sworn in as judge of the U.S. Court of Appeals by Chief Judge Irving Robert Kaufman at the U.S. Court of Appeals, New York City. She became the first African-American woman to become a judge of the U.S. Court of Appeals.
1980 - The "National Anthem Act", making "O Canada" Canada's national anthem, was unanimously accepted by the House of Commons and the Senate. Royal assent was also given this day. "O Canada" was officially proclaimed Canada's national anthem on July 1, 1980. Parliament had approved the song as the national anthem 13 years earlier, but the National Anthem Act made it official. "O Canada" was written by Calixa Lavallee and Adolphe-Basile Routhier, and was first performed in Quebec City in 1880. The anthem was originally known as "Chant nationale," and was not heard outside Quebec until the turn of the century. Toronto schoolteacher Robert Stanley Weir provided an English translation of the lyrics, which were changed somewhat after the parliamentary debate in 1980.
1986---Top Hits
On My Own - Patti LaBelle & Michael McDonald
There’ll Be Sad Songs (To Make You Cry) - Billy Ocean
Crush on You - The Jets
Mama’s Never Seen Those Eyes - The Forester Sisters
1988 - The afternoon high of 107 degrees at Bismarck, ND, was a record for the month of June, and Pensacola, FL, equalled their June record with a reading of 101 degrees. Temperatures in the Great Lakes Region and the Ohio Valley dipped into the 40s.
1989 - Thunderstorms produced severe weather from the Ohio Valley to western New England. Thunderstorm spawned six tornadoes, and there were 98 reports of large hail and damaging winds. Tropical Storm Allison spawned six tornadoes in Louisiana, injuring two persons at Hackberry. Fort Polk LA (my basic training alma mater) was drenched with 10.09 inches of rain in 36 hours, and 12.87 inches was reported at the Gorum Fire Tower in northern Louisiana.
1989-The NBA draft was television for the first time by WTBS. The Sacramento Kings selected center Pervis Ellison of Louisville with the first pick.
1990-Becoming the highest paid player in professional baseball, Jose Canseco of the Oakland Athletics signed a contract that would earn him $23,500,000 over a five-year period. By the end of 1990, 23 players had signed contracts giving them more than $3,000,000 a year.
1991-Signaling an end to the era of a liberal Supreme Court, Associate Justice Thurgood Marshall announced his resignation from the United States Supreme Court, effective once his successor was confirmed by the US Senate. Marshall was a pioneering civil rights lawyer who helped lead the fight to end racial segregation and served as US Solicitor General prior to his appointment to the high court by President Lyndon Johnson in 1967 as the first black ever to sit on the Supreme Court. As an attorney for the NAACP, he successfully argued the case of Brown v Board of Education before the Supreme Court, ending the doctrine of “separate but equal”” Marshall’s 24-year tenure on the bench was marked by his strong liberal voice championing the rights of criminal defendants and defending abortion rights, his opposition to the death penalty and his commitment to civil rights. On July 1, 1991, President George Bush, selected Clarence Thomas, a conservative black jurist, to succeed Marshall. Thomas’s nomination was quite controversial as a former aide accused him of “sexual harassment.”
1992 - Michael Jackson kicked off the "Dangerous" tour in Munich, Germany. 70,000 fans saw Jackson, with a helmet on and a fake rocket pack on his back, appear to fly off stage (or, maybe he really did). The tour would continue through November 11 stopping in some 42 cities.
1997 -John's Grill on Ellis St. in San Francisco was declared a national literary landmark by Friends of the Libraries USA for its role in Dashiell Hammett's life and classic work "The Maltese Falcon." It was the 28th landmark site.
1999 - Sporting leather thongs, feather boas and political banners, gays and lesbians took to streets around the world in festive pride parades. The 29th annual Lesbian Gay Bisexual Transgender Pride Parade and Celebration took place in San Francisco, New York, Berlin, Manila and many other cities. Among the organizations taking part were the Sisters of Perpetual Indulgence, a gay veterans group, an antique auto club for gays and Roman Catholics in favor of gay rights. The pride marches commemorate the anniversary of the Stonewall Riots, when patrons of a gay bar in Greenwich Village (New York) fought back against a police raid. The bar, the Stonewall Inn, is now on the U.S. National Register of Historic Places. Gay Parades were here to stay.
2005--*MURPHY, MICHAEL P. Medal of Honor
Rank and organization: Lieutenant, U.S. Navy, SEAL Delivery Vehicle Team 1, Naval Special Warfare Task Unit. Place and Date: Asadabad, Konar Province, Afghanistan, 27 - 28 June 2005. Entered Service at: Patchogue, New York. Born: 7 May 1976, Smithtown, New York Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as the leader of a special reconnaissance element with Naval Special Warfare Task Unit Afghanistan on 27 and 28 June 2005. While leading a mission to locate a high-level anti-coalition militia leader, Lieutenant Murphy demonstrated extraordinary heroism in the face of grave danger in the vicinity of Asadabad, Konar Province, Afghanistan. On 28 June 2005, operating in an extremely rugged enemy-controlled area, Lieutenant Murphy’s team was discovered by anti-coalition militia sympathizers, who revealed their position to Taliban fighters. As a result, between 30 and 40 enemy fighters besieged his four-member team. Demonstrating exceptional resolve, Lieutenant Murphy valiantly led his men in engaging the large enemy force. The ensuing fierce firefight resulted in numerous enemy casualties, as well as the wounding of all four members of the team. Ignoring his own wounds and demonstrating exceptional composure, Lieutenant Murphy continued to lead and encourage his men. When the primary communicator fell mortally wounded, Lieutenant Murphy repeatedly attempted to call for assistance for his beleaguered teammates. Realizing the impossibility of communicating in the extreme terrain, and in the face of almost certain death, he fought his way into open terrain to gain a better position to transmit a call. This deliberate, heroic act deprived him of cover, exposing him to direct enemy fire. Finally achieving contact with his headquarters, Lieutenant Murphy maintained his exposed position while he provided his location and requested immediate support for his team. In his final act of bravery, he continued to engage the enemy until he was mortally wounded, gallantly giving his life for his country and for the cause of freedom. By his selfless leadership, courageous actions, and extraordinary devotion to duty, Lieutenant Murphy reflected great credit upon himself and upheld the highest traditions of the United States Naval Service.
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Baseball Poem
“In the family pictures,
my brother stands at the plate
forever waiting on a pitch,
my dad squats hy the dugout fence,
his chin resting on his hands;
somewhere beyond the eye or the camera,
I hold a huge scarlet plum behind my back,
left leg kicked high in a pitching motion,
as near to the spirit or the game
as I'd ever be.”
(with permission of the author from his book:
“Touching All the Bases”
Poems from Baseball
available from Amazon
or direct from the publisher at: www.mcfarlandpub.com
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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Daily Puzzle
How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm
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http://www.gasbuddy.com/GB_Mobile_Instructions.aspx
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Weather
See USA map, click to specific area, no commercials
http://www.weather.gov/
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Traffic Live---
Real Time Traffic Information
You can save up to 20 different routes and check them out
with one click, or type in a new route to learn the traffic live.
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News on Line---Internet Newspapers Monterey County, California
http://www.montereycountyweekly.com/ *Other on line newspapers:
http://www.leasingnews.org/Newspapers.htm
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