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Available by e-mail in a text format, sent out at 3:00am, free:
http://www.leasingnews.org/addme-mailing-list.htm
Headlines---
UPS
Capital Closes Direct Leasing Business
Bob
Jacobson Found Alive and Well!!!
Placard---If
You Can’t Be on Time
Fed
Beige Report is Optimistic
Senate
Takes Aim at Tax-Exempt Leasing
“Encouraging”
for Small Ticket and Middle Market Lessors
IDS
Names Ronald Dolan as Vice President of Sales
######## surrounding the article denotes it is a “press
release”
Classified
Ads---Credit
Credit: Atlanta,
GA. VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment
leasing. Strong financial analysis and management skills. Experience
developing and maintaining profitable customer/vendor relationships.
Email:credops@msn.com
Credit: Atlanta,
GA.
Senior Credit Officer
in middle-market equip. finance, vendor, 3rd party, specialty, flow
credit to the fortune 1000. Team builder, originations capable, strong
work ethic, ability to multi-task. Email: kyletrust@hotmail.com
Credit: Atlanta,
GA.
10 yrs experience
in
credit/collections/recovery/documentation
in the leasing industry. P&L responsibility,
team builder &
strong portfolio mgnt skills.email: mortimerga@adelphia.net
Credit: Boston Ma.
Challenging position
where my skills, professional experience, organization, leadership,
strategic thinking, creativity, energy, passion, competitive nature
will enable me to define opportunities and personal development.
Email: bernd.janet@verizon.net
Credit: Corona, CA.
VP credit Consumer
Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If
you are looking for someone to affect the bottom line I am that person.
Will relocate. Email:amosca2000@yahoo.com
Credit: Danbury,
CT.
Skilled in team building,
management & training.Seasoned credit, portfolio and risk management
professional. Experienced
in developing, implementing
underwriting, portfolio management policies & procedures.email:
vgjmoro@aol.com
Credit/Documentation:
Fort Lee NJ
3 Years Experience.
Looking in NJ/NY. Email: angitravis@mail.com
Credit: Long Beach,
NY. Credit officer w/more
than 20 years of
experience. Seeking position in which I can utilize my credit-collections,
communication &management skills. Email:michaelschaubeck@webtv.net
Credit: Los Angeles,
CA
Over 15 years experience
in Credit/Operations with Small Ticket and transactions up to $500,000.00.
CLP, with excellent relationships with most major lenders. Email:jonbh123@earthlink.net
Credit: Mill Valley,
CA
Senior corporate
officer with financial services credit background. M and A, fund raising
and workout expertise. Email:nywb@aol.com
Credit: New Jersey,
NJ
Credit Analyst with
10+ years experience in small-ticket lending up to $500,000. Experience
with both vendor-direct and with brokers.Email: b.leavy@worldnet.att.net
Credit: New York,
NY
3+ years of leasing
credit / contracts experience. Currently in the leasing industry and
moving to NY! Exp. working at both funding source and broker.Email:
lease4you@mail.com
Credit: New York,
NY.V.P. Credit & Collections w/23 years exp.looking for a situation
where I can utilize my varied & extensive knowledge of credit/ collections/risk-management
& leasing. Email:rcouzzi@yahoo.com
Credit: New York,
NY Credit officer with
banking and leasing
background; strong analytical and communication/PC skills with lending
and portfolio management experience. Email: michaelschaubeck@webtv.net
Credit: San Francisco,
CA. 10+ years Credit Analyst experience underwriting for a direct lessor,
regional bank and vendor leasing company. Have CLP and will make decisions
( won't rely on a FICO score for enlightenment.) Email: pmtorres1@yahoo.com
Credit Manager: Westlake,
OH
7+ years Credit/Underwriting
experience Comp lit. Please email me for copy of job description at
mgallo@comfingrp.com
full listing of all jobs wanted at:
http://64.125.68.90/LeasingNews/JobPostings.htm
--------------------------------------------------------------------------------------------------------
UPS
Capital Closes Direct Leasing Business
According to a UPS
Capital spokesman, the direct leasing division was closed on February
26 with 30 employees let go.
UPS Capital is no
longer involved “ in direct origination of leasing and asset based lending,
“ due to “process and design.” The
company will still remain active in the capital market place, working
with other lenders, brokers, and participating in other asset based
lending---but not going direct.
According to their
website, http://www.upscapital.com/products/lease.html,
“Typical transaction sizes are between $25,000 and $25,000,000 with
terms between 12 and 120 months. We offer tax, non-tax, capital or operating
leases and synthetic leases.”
“UPS Capital Corp.
is a wholly owned subsidiary of United Parcel Service. Its mission is
to provide a comprehensive menu of integrated financial products and
services that enable companies to maximize their supply chains to grow
their business. UPS Capital is based in Atlanta, Georgia.”
-------------------------------------------------------------------------------------------------
Bob
Jacobson Found Alive and Well!!!
Leasing News has
printed several “Pictures of the Past” regarding
former equipment
leasing industry Bob Jacobson. On
February 12
of this year, we
ran the above photograph, and wrote:
In 1983, Robert S.
Jacobson, III, was the Western Association of Equipment Lessor vice-president. At the time he was vice-president, National
Broker Division, Tri-Continental Leasing Corporation, a division of
Bell Atlantic, a major telephone company.
A WAEL Leasing Conference was not the same without him. He had
served as vice present and member of the Executive Committee. In 1984
he
would become president
of the association now known as the United Association of Equipment
Leasing.
He was recruited
by Don Smith and Hy Bren of Interlease, San Francisco in 1974, from
Union Bank. Don died of a heart attach while playing tennis in Tiburon,
and his then partner Hy Bren went on to form his own company, finally
joining Matsco, Emeryville, California, where he was a star salesman
and sales personnel recruiter,
retiring last year.
Bob learned from
the great advertiser/promoter Don Smith at Perry’s on Union Street about
“discounting” to start his own leasing company in 1975, which was sold
to a holding company where he remained president until forming Leasing
Acceptance. where Ben Millerbus was the sales manager. They had a direct
sales force. In the next downturn of the industry, 1978,
the company split up: Millerbus left to start Pentek Leasing, San Jose,
California. He later he sold it in 1982 to Alaska Pacific Bancorporation,
which in turn was sold to a large Upstate New York bank. Millerbus didn’t
stay retired long, forming Pentech Financial Services in Campbell, California
with the backing of John Otto, plus was co-founder of Silicon Valley
Bank ( he has recently formed a group to start a commercial bank again
).
Jacobson, well-known
for his late night poker games, set up a broker “private label” operation
called Tri-Continental Leasing, then located in Mountain View, California.
In one of the next economic down turns, the telephone company divested
itself of this division, shutting down their branch operations. Bob
then went to work for Amembal, Deane & Associates doing lease training
across the country. From memory, he was here about a year before he
left the leasing business to join Hewlett-Packard, reformed, reportedly
doesn’t gamble, and last heard was involved in managing an engineering
department. He and his family live in the Half Moon Bay area, California,
where he commutes to work (just like John McCue of McCue Systems, Inc.)
Attempts
to reach Jacobson him for a statement of the industry have gone unanswered.
He has been “annoyed” at Kit Menkin for several years for not attending
his birthday party, and that’s Bob.
The Good News ! ! !
Cheryl and Bob Jacobson are Alive and Well in Lake Tahoe
“Periodically, Jim
Swander has forwarded to me tidbits from your newsletter that pertain
to me. I thought I'd give you an update if you care
to include in any future issue.
“As you all know,
I had become passionate about technology during my final years in the
leasing industry. After Bell
Atlantic Tricon decided to close the broker division in the early 90's,
I devoted about a year to building up a computer BBS (Bulletin Board
System) out of my home. One of my users was a manager at HP Laboratories
in Palo Alto. He made me a job
offer to join HP as a temporary I.T. worker, installing computers at
the labs. That progressed to
a full time engineering job where I eventually became a department manager
in charge of inventing disruptive technologies.
“After about 5 years,
my natural core competency of B*S* took over, and I was sent into the
field. I ended up being a Business Development Manager
for Europe, and then Asia. My
job was to negotiate the multi-million dollar alliance and partner relationships
for HP overseas. After 300,000
miles of travel per year and 270 nights in hotels every year for a 4
year period, I finally had to get out in 2002.
“Cheryl and I found
ourselves in Lake Tahoe over a holiday, and fell in love with the area! We sold our home in Half Moon Bay, bought a
house up here, and then tried to figure out what we wanted to do for
work. I thought that maybe being a blackjack dealer
would be a great change of pace! I
was accepted into Harvey's black jack school, but when Cheryl found
out, she told me absolutely not. She
didn't want me in the smoke filled, booze filled, environment. I learned a long time ago that I wear the pants
in the family, but she tells we what color and which leg to put in first.
:-)
“So, Marriott opened
up a timeshare resort in Heavenly about that time.
I called up and they immediately took me on board. I've been selling vacation ownership here in
Tahoe since May '03.
“I'm still sober,
don't gamble anymore, and love living in Paradise!!
Attached is an updated
picture they took at HP a couple of years ago.
“I think about all
my friends in the Leasing Industry many times.
I try to keep up with what's happening to all my old friends
as much as I can. If anyone
wants to email me, my email address is jacobson@overjoyed.com.
And, Kit, you are totally forgiven for standing me up on my birthday
dinner so many years ago. :-)
“Bob Jacobson”
Placard---If
You Can’t Be on Time...
-------------------------------------------------------------------------------------------------
Fed
Beige Report is Optimistic
Commonly known as
the Beige Book, this report is published eight times per year. Each
Federal Reserve Bank gathers anecdotal information on current economic
conditions in its District through reports from Bank and Branch directors
and interviews with key business contacts, economists, market experts,
and other sources. The Beige Book summarizes this information by District
and sector.
Economic activity
continued to expand in January and February, according to information
received by Federal Reserve District Banks. Growth was variously described
as moderate in Boston, Philadelphia, Cleveland, Atlanta, Chicago, St.
Louis, and Kansas City, firm in Minneapolis, sound in San Francisco,
and showing signs of accelerating in New York, Richmond, and Dallas.
Consumer spending
rose in most Districts. There were gains in sales of general merchandise
in January and February in all Districts except St. Louis, which reported
a slight decline. In contrast to the general improvement in merchandise
sales, motor vehicle sales slowed in most Districts. Tourism activity
increased compared to last winter. Service sector activity has been
expanding. Manufacturing output continued to rise in all Districts except
Cleveland, where it has been steady. Real estate market conditions showed
little change: commercial markets generally remain soft and demand for
housing continues to be strong. Agricultural conditions were mixed:
demand for beef appears to be recovering from the effects of mad cow
disease but exports of poultry products have been curtailed by the outbreak
of avian influenza. Oil and gas production remain at high levels and
iron ore processing has increased. Bank lending has been growing moderately.
Employment has been
growing slowly in most Federal Reserve Districts. Wages and salaries
have increased slightly, but employers report substantial increases
for employee health-care costs. Most Reserve Banks reported level or
modestly increasing retail prices, but information received from manufacturers
and other businesses indicates that commodity prices have moved up more
noticeably. The largest increases have been for steel and for lumber
and other building materials. Shipping charges have also risen recently.
Consumer Spending
Retail sales of general
merchandise rose in most Federal Reserve Districts in January and February.
Strong or strengthening sales were reported in New York, Richmond, and
Dallas. Sales growth was moderate in Boston, Philadelphia, Chicago,
Minneapolis, Kansas City, and San Francisco. Retailers in Cleveland
said sales met or exceeded their expectations. Retail sales in Atlanta
moderated slightly in February but remained above the level set in February
last year. St. Louis retailers said sales declined slightly relative
to a year ago. Spring apparel was said to be selling well in New York,
Philadelphia, Cleveland, Richmond, Atlanta, St. Louis, and Kansas City.
Sales of electronics, appliances, and home furnishings were relatively
strong in Cleveland, Richmond, Atlanta, St. Louis, and Kansas City.
Jewelry was selling well in Atlanta and St. Louis. Reports on retailers'
inventories across the 12 Federal Reserve Districts indicated that store
stocks were mostly in line with sales. Stores were still receiving spring
merchandise, but retailers were generally maintaining conservative inventory
plans.
Nearly all Districts
reported that auto sales slowed during January and February and compared
to a year ago. The exceptions were Boston, where sales picked up in
February after falling in January, and Philadelphia, where sales were
about steady. Auto dealers in several Districts attributed the falloff
in sales to cold or stormy weather that kept shoppers off the lots.
With the slowdown in sales, dealers' inventories increased.
Tourism activity
has improved. Bountiful snowfalls in mountain areas gave a boost to
ski resorts, according to Richmond, Chicago, Minneapolis, Kansas City,
and San Francisco. Richmond and Atlanta reported good business at beach
resorts, and in New York and San Francisco hotel occupancy increased
compared to last year.
Services
Service industry
activity moved up in the Districts reporting on this sector. Boston
and St. Louis noted increased demand for information technology services.
St. Louis also indicated that demand for insurance and health-care services
increased, but financial services and transportation activity eased.
In the Dallas District, accounting and consulting firms were seeing
increased activity compared with the final quarter of last year. In
San Francisco, demand has strengthened for media, high-technology, and
health-care services. In Richmond service sector business was steady
to somewhat improved.
Transportation activity
has increased in most parts of the country. National freight companies
based in Richmond indicated their business has improved and trucking
companies have seen increased activity in Cleveland and Atlanta. Trucking
was said to have slowed seasonally in Dallas, but railroads in the Dallas
District noted robust activity. Trucking companies reported increased
costs for fuel and they said labor costs have increased as a result
of recent regulations limiting drivers' hours. Nonetheless, Chicago
and Cleveland indicated that sales of heavy trucks have increased.
Manufacturing
Manufacturing activity
rose during January and February in 11 of the 12 Federal Reserve Districts.
The exception was Cleveland, where factory production rates were said
to be steady. There were notable increases for electronic and electrical
equipment in Philadelphia, St. Louis, and Dallas, and semiconductors
in Boston and San Francisco. Cleveland and Chicago indicated that steel
production had increased, and Philadelphia and St. Louis indicated that
output of metal products had risen. Production of heavy trucks increased
in Chicago, and auto and auto parts production increased in Cleveland
and St. Louis, although the increase was said to be seasonal. Atlanta
and Dallas noted increased output of lumber, and Richmond and St. Louis
reported gains in furniture production. Other manufacturing industries
in which expanding activity was noted were biopharmaceuticals (Boston),
machine tools (Chicago), aerospace (St. Louis), and chemicals (Cleveland
and Chicago). In a few industries reports were mixed. Food processors
posted gains in Dallas but declines in St. Louis. Richmond District
textile producers were gaining business but there were textile plant
closings in the Atlanta District. Real
Estate and Construction
Commercial real estate
market conditions have shown little change in most Districts. Continuing
high vacancy rates, slowing leasing activity, and downward pressures
on rents were reported by Boston, Philadelphia, Cleveland, Chicago,
and Kansas City. Conditions in major commercial real estate markets
were mixed in the St. Louis and Minneapolis Districts. Despite the generally
slack and unchanged market situation in most parts of the country, a
few Districts noted some signs of improvement. In New York and San Francisco
vacancies have moved down slightly and rents have begun to recover.
Leasing activity has picked up in the Washington, DC area of the Richmond
District.
Residential real
estate markets continued to be strong in the majority of Districts.
Although cold temperatures and winter storms interrupted home building
in some areas in January, housing demand generally remained high. Recent
gains in home sales and building activity were noted in New York, Philadelphia,
Chicago, Dallas, and San Francisco. In Atlanta, St. Louis, Minneapolis,
and Kansas City residential real estate activity continued at high levels.
In Richmond the housing market was said to have slowed recently, but
builders expect activity to pick up. Overall, builders and real estate
agents in most Districts expect home sales in 2004 to be close to the
2003 sales record. Home price appreciation was characterized as steady
in most Districts with the exception of San Francisco where the rate
of increase was said to have slowed somewhat recently.
Agriculture
Agricultural conditions
have been mixed. Good citrus crops were reported in the Atlanta and
Dallas Districts, although there was some concern in Atlanta that world
supplies might exceed demand at current prices. Beef prices were still
declining in Chicago and St. Louis while San Francisco reported that
they have firmed and Dallas noted that prices and demand had not been
affected as much as expected. Chicago reported increased prices for
corn, soybeans, and milk. Dry weather in the Kansas City District has
adversely affected winter wheat and led some cattle producers to postpone
expanding their herds, and ice and snow in the Richmond District has
limited grazing there. The outbreak of avian influenza has curtailed
exports of poultry from the Philadelphia, Atlanta, and Minneapolis Districts.
Natural Resource Industries
Federal Reserve Districts
reporting on the energy sector noted generally strong, steady conditions
in January and February. Drilling activity has been fairly level in
recent months in the Kansas City and Dallas Districts, but Minneapolis
noted a slight decrease in exploration activity. San Francisco indicated
that natural gas producers were operating close to full capacity. Rising
worldwide demand for steel has stimulated increased iron ore production.
Minneapolis reported that iron ore producers in that District were operating
at full capacity and ore prices were rising.
Financial Services and Credit
In most Federal Reserve
Districts lending by commercial banks grew moderately in January and
February. Lending to business firms was rising in Philadelphia, Richmond,
Dallas, and San Francisco. In Chicago, lending to small businesses was
on the rise while overall business lending was described as flat. Commercial
bankers in Richmond and Atlanta said demand for business loans has been
restrained as firms are reluctant to increase capital spending. Demand
for personal loans, including credit cards, appeared to have eased in
New York and Philadelphia, remained steady in Dallas, and increased
in Chicago. Mortgage lending declined in Atlanta, Dallas, and San Francisco,
and increased slightly in Richmond and Chicago.
Changes in deposits
have been mixed. Banks in the Atlanta District have generally had steady
growth, but growth has slowed in Cleveland and Dallas where bankers
think investors are moving money out of bank deposits and into debt
and equity market instruments. Banks in the Kansas City District indicated
that their deposit levels have been steady.
Employment and Wages
Federal Reserve Districts
reporting on employment generally noted modest increases in January
and February. Boston indicated that temporary help agencies were placing
more workers in manufacturing, software development, and government.
There has been increased demand for temporary help workers in customer
service and sales positions in the Richmond District, in office and
health-care jobs in the Dallas District, and for a variety of jobs in
the Chicago District. Employment agencies in New York indicated that
they have been experiencing gradual increases in demand, and professional
employment agencies in the Washington, DC area of the Richmond District
have boosted their own staffs in response to increased business from
their clients. San Francisco District employers in the retail, construction,
and agricultural sectors have been increasing their hiring moderately.
Reports on wages
indicated that increases continue to be moderate. However, the rate
of increase in benefit costs continues to exceed that of wages. Medical
insurance and workers' compensation insurance fees remain on the rise
in most Districts, although the rate of increase does not appear to
be accelerating.
Prices
Most Reserve Banks
reported fairly stable or slowly rising retail prices in January and
February, but accelerating increases in some industrial commodity prices.
Steel prices have increased, and prices of iron ore and scrap metals
have risen as well. Prices of lumber and other materials used in home
building were on the rise in most Districts. Energy prices, especially
natural gas, remained high in most Districts and Atlanta noted price
increases for petrochemicals. Cleveland noted rising rates for shipping
by truck and Chicago reported rising costs for overseas shipping, primarily
due to increased costs for ocean transport.
Full reports by District:
Boston
New York
Philadelphia
Cleveland
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/4.htm
Richmond
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/5.htm
Atlanta
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/5.htm
Chicago
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/7.htm
St. Louis
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/8.htm
Minneapolis
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/9.htm
Kansas City
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/10.htm
Dallas
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/11.htm
San Francisco
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/12.htm
Full Report with all Districts included:
http://federalreserve.gov/FOMC/BeigeBook/2004/20040303/FullReport.htm
-------------------------------------------------------------------------------------------------------
Senate Takes
Aim at Tax-Exempt Leasing
The
U.S. Senate began debating a corporate tax bill yesterday that ends
corporate tax deduction claimed for leasing public works, which also
was outlined in congressional hearings
under Senator Chuck Grassley, Republican from
Iowa.
The
Democrats' are looking in a different direction, trying to stop federal
contractors from using government funds for outsourced jobs.
They
plan to follow that with a bid to require companies that send jobs,
including service work, overseas to report how many jobs would be moved,
where and why. It expands laws requiring manufacturers to warn employees
of mass layoffs and plant closings.
The
Republicans are focusing on tax abuse citing off-shore companies such
as
Tyco
and “sale/leaseback” tax exempt transactions, particularly overseas. They
have
coined the word SILO ( Sale In, Lease Out.)
The
Big-Ticket Leasing Coalition on Tuesday released a study shedding new
light on the impact of the leasing tax-increase proposals advanced by
the Senate Finance Committee and by the Treasury Department. 26 actual
leasing transactions involving municipalities were the basis of the
study by Clark Consulting.
"In
terms of providing an efficient benefit to cash-starved municipalities,
these lease transactions are comparable to tax-exempt bonds. said Coalition
leader Kenneth Kies, Managing Director of the Federal Policy Group of
Clark Consulting. “Leasing provides State and local governments with
an efficient means of financing transit and other improvements – a critical
tool that could not easily be replaced if the proposed legislation is
adopted.”
The
American Transportation Association, which represents public transit
authorities, says that shutting down SILOs will hurt cash-strapped localities,
which count on the money raised in these deals to help fund infrastructure
projects. The Association estimates localities would lose out on $1.2
billion in payments over ten years.
------------------------------------------------------------------------------------------------
Orix
“Just Pay”
This was sent as “.... insight into the group from Dallas
that is taking over
the group from Kennesaw.” This is from the ORIX Capital Markets own
website
The
story is not that the shirt was misspelled.
The hats and shirts are to
be
worn proudly, and say, “ Just Pay.”
In the website, the shirt says, “Just
Play,”
which most likely is a typo, but may not be.
But
if you read the Economist story as to the idea of this promotion, on
the Orix web site itself, it concerns tenants not paying after 9/11
and the landlord
asking
for a re-structure, and Orix’s
position on this:
“Mortgage
bonds and real estate
Just
pay
May
16th 2002 | NEW YORK
From
The Economist print edition
(this
is an abbreviated version )
“This
foreclosure notice, however, was sent by the Dallas-based subsidiary
of ORIX, a Japanese finance company that services an $800m mortgage-backed
security, including a $14m mortgage on 110 Greenwich and more than
100
others around the country. ORIX is paid to collect loan payments and
also has a position in the riskiest slice of the mortgage-backed offering,
which means that it takes the first hit if any loans sour. Not surprisingly,
it is staunch defender of creditor rights.
“’We
have an obligation to the certificate holders,’ says James Thompson,
chief executive of ORIX CapitalMarkets. Unsurprisingly the owners of
110 Greenwich believe this is shortsighted.’
“During
the World Trade Centre attacks, the windows blew out at 110 Greenwich,
and flying girders damaged the roof. Every inch of the building was
covered by thick soot. Many tenants worked in or near the centre. Although
none was hurt, some had narrow escapes, including the building's superintendent,
who went into premature labour while desperately hunting for a child
who had been in day care.
“For
two months after the attack, soldiers blocked access. Utility companies
cut deep trenches for vital new connections. Several nearby buildings
were abandoned. Undeterred, the owners of 110 spent $400,000 cleaning
it, with $170,000 coming from insurance, and $230,000 from reserves
and new investment.
“At
least two reorganisation plans were submitted to ORIX, the first in
February when conditions were especially dire, the second in April when
things were somewhat better. Both plans sought to postpone debt payments,
and
to
reduce them to cover interest only. ORIX refused to negotiate. Meanwhile,
re-letting continues apace, bringing life to a damaged street. Almost
all the units at 110 Greenwich are now let, albeit at lower rates. But
two days
after
the new rent roll was submitted in late April, ORIX filed for foreclosure.
“The
owners are contractually obligated to pay, and they are capable of paying,”
says Mr Thompson. Conceivably, the property could revert to the creditors.
If the reconstruction of lower Manhattan continues its positive course,
the result could even be an investment coup. Not long ago, everybody
on Wall Street believed
financial
markets should always work this ruthlessly.”
Here
is the full version:
http://www.two.leasingnews.org/loose_files/justpayarticle.pdf
For
more on Orix, please go here:
http://www.leasingnews.org/Conscious-Top%20Stories/Orix.htm
---------------------------------------------------------------------------------------------------
###
Press Release ##############################
Equipment
Leasing Industry Future Council Reports “Encouraging” Outlook for Small
Ticket and Middle Market Lessors in 2004
Large
Ticket Lessors Continue to Battle Legislative and Regulatory Challenges
Arlington,
Virginia—The Equipment Leasing and Finance Foundation, a non-profit
organization providing vision for the equipment leasing and finance
industry through future-focused information and research, has released
its 2004 Industry Future Council Report (IFC). The Industry Future Council
(IFC), comprised of senior leasing industry executives, convened its
23rd annual conference earlier this year to discuss the current state
of the industry, identify forces driving the industry, predict the future
of the industry, and recommend actions the industry and individual firms
must take for future success.
“The
IFC Council members were encouraged at the outlook for the small and
medium ticket segments, while large ticket lessors remain under significant
stress,” said Lisa Levine, CAE, Executive Director of the Equipment
Leasing and Finance Foundation. “The
biggest concerns, especially to large ticket lessors, are proposed legal
and regulatory changes that are having an impact on leasing volume even
before they become effective. “
Lessors
are confident that they have adequate capital to grow their business
in the near future. Lessors also believe that competitive pressures
will lead to further consolidation and a decreasing number of lessors
over the next three years. This
foretells continuing competition among a smaller number of players,
keeping pressure on returns potentially limiting the total availability
of capacity due to credit concentration issues.
Innovation continues, but it appears to be more focused on process
and efficiency than on creative structures.
Key
predictions from the report are that:
Interest
rates will remain low for the next year, but would trend higher over
the next five years.
Competition
will remain intense among leasing companies, due in part to consolidation
and those exiting the marketplace.
Banks
will continue to manage their tax capacity centrally, which some speculate
could lead to more comparative analysis of the returns available from
bank-owned leasing operations vs. funding third party leasing companies
as an asset class.
Regulation
impact is expected to continue. It
is predicted that accounting and regulatory restrictions will lead to
a sharper distinction between operating leases and finance leases, resulting in a shortening of lease terms under
certain circumstances.
Leasing
companies with best practices in deal generation and customer care will
have the competitive edge.
The future of leasing appears to be directed
at doing things differently, as well as doing different things. When
leasing companies are created now, they are likely to be built around
new efficiencies in doing what leasing has done traditionally.
Tax and account regulations will continue to provide challenges
to lease structures, and the creativity of the industry will be tested
constantly. Regardless of change in conditions, the traditional
resiliency and creativity, which has characterized the equipment lease
finance business since its inception, is expect to provide new solutions
for the leasing industry – an important source of capital for American’s
growth.
Equipment
leasing continues to be the most widely used method of asset-based financing
in the U.S., accounting for approximately one-third of external financing
of total capital investment. The 2004 estimate for leases is $218 billion
out of $709 billion in total new business equipment investment.
A
copy of the survey may visit
http://www.leasefoundation.org to download the PDF file.
http://www.leasefoundation.org/researchpubs/IFC04.htm
About
The Equipment Leasing and Finance Foundation
The
Equipment Leasing and Finance Foundation is a 501c3 non-profit organization
that provides vision for the equipment leasing and finance industry
through future-focused information and research. Primarily funded through
donations, the Foundation is the only organization dedicated to future-oriented,
in-depth, independent research for the leasing industry. Foundation
products include the Industry Future Council Report, the State of the
Industry Report, and the Journal of Equipment Lease Financing and numerous
research reports. Established in 1989, Founders include leasing industry
member Paul S. Gass, the Equipment Leasing Association, and others.
Visit the Foundation online at http://www.LeaseFoundation.org.
Lisa
A. Levine, CAE
Executive
Director
Equipment
Leasing and Finance Foundation - Your Eye On the Future
4301
N.Fairfax Drive, Suite 550, Arlington, VA 22203
703-516-8363
www.LeaseFoundation.org
###
Press Release ##############################
International
Decision Systems Names Ronald Dolan as Vice President of Sales
MINNEAPOLIS,
Minn., USA, – International Decision Systems, Inc. (IDS) has named Ronald
Dolan as Vice President of Sales. Dolan will lead the domestic (U.S.
and Canada) sales team in effective strategic growth.
IDS
is the world’s largest developer and provider of lease/loan accounting
and portfolio management software – working with over half of the top
100 leasing companies worldwide – offering consulting, implementation
and technical support services to its clients.
IDS
is planning to aggressively expand its sales organization to address
market needs and deliver on best of breed solutions. “Drawing on over
20 years of professional sales, business development and management
experience, Dolan is uniquely positioned to lead our Sales team,” said
Anthony Laudico, IDS Chief Operating Officer. “IDS is committed to continue
bringing the best product in the industry as well as the next generation
of software to even more of the world’s leading leasing companies.”
Before
joining IDS, Dolan worked for a variety of technology companies, where
he successfully led account management sales teams and spearheaded international
marketing efforts, gaining new clients while maintaining loyal customer
bases.
About
International Decision Systems
International
Decision Systems (IDS) is the global leader in developing lease/loan
accounting and portfolio management software and services. Headquartered
in Minneapolis, Minnesota, IDS has offices in London, Sydney, and Singapore.
IDS offers the largest and most experienced global consulting, implementation,
and technical support teams in the leasing industry.
InfoLease,
the world’s premier lease/loan portfolio and asset management system,
comprises the foundation of IDS’ product line. With a web-enabled front-end
and more than 70 custom add-on solutions, InfoLease is the most adaptable
and scalable lease/loan technology available in today’s marketplace.
IDS and InfoLease are registered trademarks of International Decision
Systems. For additional information about International Decision Systems,
visit www.idsgrp.com <http://www.idsgrp.com/>
.
###
Press Release ###############################
Classified
Ads---Help Wanted
|
About the Company: A successful, well-respected broker, well-established family owned broker with outstanding funding capabilities. Located in Scottsdale, AZ. www.mediacap.com |
|
Sales:
Tired of working on commission and not getting your fair share
of the split? |
|
|
|
|
http://64.125.68.90/LeasingNews/PostingFormWanted.asp
--------------------------------------------------------------------------------------------------
News
Briefs----
With
Interest Rates Down, Refinancings Hit Seven-Month High
http://www.washingtonpost.com/wp-dyn/articles/A28564-2004Mar3.html
Gateway
to reduce force by 1,000 jobs
http://www.signonsandiego.com/news/business/20040303-9999-1b3gateway.html
Bay
Area home prices not rising as quickly as other areas
Fresno
takes top spot in survey's national ranking
Court
Order Doesn't Alter FCC High-Speed Rules
http://www.internetnews.com/bus-news/article.php/3321051
Sports
Briefs----
Bonds
tale a bitter pill to swallow
http://www.mercurynews.com/mld/mercurynews/sports/columnists/skip_bayless/8093566.htm
Gannon,
Rice, Brown keepers for now
http://www.mercurynews.com/mld/mercurynews/sports/football/nfl/oakland_raiders/8093568.htm
Randy
Moss to Miami or Arizona?
http://www.miami.com/mld/miamiherald/sports/football/8092443.htm
Johnson
Is Close to a Reunion With Parcells
http://www.nytimes.com/2004/03/04/sports/football/04NFL.html
Wednesday's
College Basketball
http://www.nytimes.com/aponline/sports/AP-Wed-BKC-Scores.html
---------------------------------------------------------------------------------------------------
California
Nuts Briefs---
Schwarzenegger
Demonstrates Strength With Ballot Triumph
http://www.washingtonpost.com/wp-dyn/articles/A28563-2004Mar3.html
http://www.nytimes.com/2004/03/04/national/04CALI.html
http://www.mercurynews.com/mld/mercurynews/news/8093404.htm
Bond
passage spurs agencies to improve state credit rating
http://www.signonsandiego.com/news/state/20040303-1328-ca-statebudget-credit.html
“Gimme
that Wine”
In
Tense Napa Trial, Bryant Discusses Winery Disputes with Turley
http://www.winespectator.com/Wine/Daily/News/0,1145,2365,00.html
Mendocino
Becomes First County in Nation to Ban Genetically Modified Crops
http://www.winespectator.com/Wine/Daily/News/0,1145,2364,00.html
Sofia
celebrates Oscar with dad's wine brand
http://www.online.ie/entertainment/viewer.adp?article=3086762
In
defense of pinot grigio
http://www.nytimes.com/2004/03/03/dining/03WINE.html
Everett
Ridge winery sold to Florida couple
http://www.pressdemocrat.com/business/news/03everett_e1.html
Bodegas
Montecillo Announces New White And Red Wines
http://www.vino.com/press/press_release.asp?PRID=282
China's
growing thirst for foreign wine
http://www.wine.co.za/News/News.aspx?NEWSID=5285
This
Day in American History
March 4, 1927 Cy
Touff Birthday http://music.manumba.com/C/Cy_Touff.html
http://www.jazzinstituteofchicago.org/index.asp?target=/jazzgram/bronzeville/cytouff.asp
*****************************************************************************
=========Early American History=========
=========Colonial Times=========
=========Westward Expansion=========
=========Civil War—including pre
and post=========
=========Gilded Age=========
=========World War I --pre and post=========
=========FDR=========
=========Post World War II=========
=========1950’s=========
=========1960’s=========
=========1970’s=========
=========1980’s=========
=========1990’s=========
************************************************************************
=========Early
American History=========
1636—The oldest extant house of the English-speaking colonies,
the Adam Thoroughgood House, was built near Norfolk, VA. Its design typified that of the small southern
colonial brick farmhouse of the seventeenth century.
. http://www.bluffton.edu/~sullivanm/virginia/norfolk/thoroughgood/house.html
1636-The oldest frame house still standing in the U.S., the Fairbanks
House, was built at Dedham, Mass.
http://www.fairbankshouse.org/
1681-Pennyslvania
goes to William Penn: to satisfy a debt of £16,000, King Charles II
of England granted a royal charter, deed and governorship of Pennsylvania
to William Penn. http://xroads.virginia.edu/~CAP/PENN/pnhome.html
=========Colonial Times=========
1747-American revolutionary hero Casmir Pulaski born at Winjary,
Mazovia, Poland, the son of a count; he is also known as the father
of the American Calvary. Reportedly he did not speak English. He was a patriot and military leader in Poland’s
fight against Russia of 1770-71 and went into exile at the partition
of Poland in 1772. He came to
American in 1777 to join the Revolution, fighting with General Washington
at Brandywine and also serving at Germantown and Valley Forge. Congress
acknowledged Pulaski's leadership and bravery and decided to commission
him as Brigadier General and gave him command of four light Calvary
regiments. He organized the Pulaski Legion to wage guerrilla warfare
against the British. Mortally wounded by cannon fire in a heroic
charge at the siege of Savannah, GA., he died aboard the warship Wasp
Oct 11,1779. Pulaski Day is
celebrated on the first Monday of March in Illinois.
http://webinstituteforteachers.org/2001/teams/holidays/pulpage.html
http://www.chipublib.org/003cpl/pulaski.html
http://www.iyp.org/polish/history/pulaski.html
http://webinstituteforteachers.org/2001/teams/holidays/pulpage.html
1776- considered the US Marines first military engagement: Captain
Samuel Nicholas and approximately 200 marines captured Fort Nassau in
the Bahamas. Nicholas was assisted
by 50 sailors under Lieutenant Thomas Weaver of the Cabot. This area was a major trading area and seaway
to the America’s
and a vital first battle, sending a message to European countries the
revolution
was serious to their
commerce. The assault was a
surprise attack and the fort surrendered without conflict The Americans
captured large military stores, including about 100 cannon, 15 mortars,
5,400 shells, and 11,000 rounds of ammunition, and brought them back
to New London, CT, on April 8. This
naval expedition, which left the Delaware Capes on February 17,1776,
was under the command of Esek Hopkins of the “Alfred.”
1789- the first Congress met at New York, NY. A quorum was obtained
in the House Apr 1 and in the Senate April 5, and the first Congress
was formally organized Apr 6. Electoral votes were counted, and George
Washington was declared president (69 votes) and John Adams vice president
(34 votes).
Although the Continental
Congress had set the first Wednesday of March 1789 as the date for the
new government to convene, a quorum was not present to count ( highways
were non-existent and travel
between states was
horrible ),the electoral votes April 6. He did not take the oath of
office until Apr 30, 1789. All subsequent presidential terms (except
successions following the death of an incumbent), until Franklin D.
Roosevelt’s second term, began Mar 4. The 20th Amendment
in 1933 changed the date until
noon on the 20th day of January
1791- Vermont became the
14th state. Know as the Green Mountain State, that is also what the
French phrase ‘vert mont’ means. Montpelier is Vermont’s capital city.
"Hail Vermont" is the state song which goes right along with
the state motto: Vermont, Freedom and Unity. The hermit thrush stands
alone as the state bird; and the red clover is the colorful state flower
which attracts the state insect, the honeybee. The Morgan horse is the
state animal. The state tree, the sugar maple, which makes all that
famous Vermont maple syrup.
1791- Israel Jacobs was elected by Pennsylvania to the House of
Congress, the first Jewish congressman.
http://bioguide.congress.gov/scripts/biodisplay.pl?index=J000036
1793 - George Washington was inaugurated in Philadelphia for a
second term as president of the United States.
1797- John Adams inaugurated as 2nd President of US
1801 - Thomas Jefferson was inaugurated as the third president
of the United States; he was the first to be inaugurated in the new
capital of Washington. 1811-The first Bank of the United States was
forced to liquidate its assets and shutter its doors after suffering
the slings of local bankers and state-centric politicians. Founded in
1791, the creation of the bank had been one of the first acts of the
newly formed U.S. Congress. But, the bank was an almost instant source
of controversy: though backed by Federal funds, the bank was essentially
a private company, complete with investors, which engendered a loud
and powerful chorus of critics. Some feared that the bank would become
an all too potent central institution, too powerful and would be federally based rather that state based.
Many merchants hoping to open their own state-based financial institutions
carped over the competition from the bank's network of branch offices.
The call for dissolution grew louder when it was revealed that the bank's
coffers leaned heavily on foreign investments, most notably from British
interests. So, even though the bank was profitable and paid out relatively
handsome dividends to investors, the critics won out and forced its
demise. 1809 Madison becomes 1st President inaugurated in American-made
clothes
=========Westward Expansion=========
1815- Educator Myrtilla Miner born. Against considerable opposition,
MM bravely founded and operated the Colored Girls School in Washington,
D.C., in the face of a hostile society. It was supported by the Quakers
and donations from abolitionists. Although it changed locations and
names - the latest being the District of Columbia Teachers College -
it maintained Miner's original intent: to teach teachers who would teach
others. Harriet Beecher Stowe gave $1000 of her Uncle Tom's Cabin royalties
to the school.
http://www.famousamericans.net/myrtillaminer/
1825 -John Quincy Adams inaugurated as 6th President
1837 -City of Chicago incorporates.
http://www.chipublib.org/004chicago/timeline/inc.html
1837- Martin Van Buren inaugurated as 8th President
1841 -- President William Henry Harrison caught a fatal cold while
standing hatless without a coat in the drizzle at his own Presidential
inauguration. He also had the longest inauguration speech (8,443 words)
in history. A month later, he is the first U.S. president to die in
office.
1845 -James K Polk inaugurated as 11th President
1847-Pioneer obstetrician and medical educator Anna Elizabeth
Broomall - U.S. obstetrician
and medical educator. Her entrance to the Pennsylvania Hospital as a
student caused the male students to riot. She gained her M.D. in 1871.
After advanced training in Europe, in 1875 she became chief resident
at Woman's Medical College in Philadelphia with full administrative
authority. She took the position upon learning of the illness of the
legendary Dr. Emeline Horton Cleveland, professor of obstetrics at the
hospital. Dr. Cleveland wanted Dr. Broomall to succeed her.
Like Dr. Cleveland, AEB was an amazing teacher and practicing
obstetrician. They both turned out hundreds of physicians who were meticulous
in their care and treatment of women by bringing the standards of the
great teaching hospitals of Europe to the U.S.
The mortality of women in childbirth was astoundingly tragic
under the care of men doctors until women doctors like Broomall and
Cleveland changed attitudes through example and made it financially
necessary for men doctors to upgrade their care (and cleanliness). The
low mortality rate under Dr. Broomall was, less than one-tenth of a
percent among more than 2,000 mothers. A Quaker, Broomall wore black
gowns and had a brisk, quiet nature that was formidable when angry.
She was not admitted to the all-male Philadelphia Obstetrical Society
until 1892 although her writings were presented to members.
1829 - President Andrew Jackson introduced the ‘spoils system’
when he rewarded Simon Cameron with a political appointment for political
assistance.
1830- John Quincy Adams returned to the House of Representatives
to represent the district of Plymouth, MA. He was the first former president
to do so and served for eight consecutive terms.
1849- The US had
originally did not have a President as Polk's term ends on a Sunday
and Taylor did not want to be sworn in on the Sabbath. Senator David
Atchison was the pres pro tem when Polk’s
term was to end on March 3rd.While some
relatives may argue that Atchison
was president for one day, however history records the term of President
James K. Polk ended on Sunday March 4 1849, and President- Elect Zachary
Taylor refused to take the oath of office on a Sunday, so Senator Atchison
is said to have been President of The United States for one day. In
reality President Polk's term was extended for one day, and David Atchison
spent the entire day he was supposed to have been President in bed ill.
http://www.galleryofhistory.com/archive/10_2000/master/david_rice_atchison.htm
http://www.atchison.net/genealogy/drice.htm
http://www.picturehistory.com/find/p/3966/mcms.html
http://www.findagrave.com/cgi-bin/fg.cgi?page=gr&GRid=4972
=========Civil War—including pre and post=========
1857- considered by historians as the most famous court case in
the long slavery controversy,
the Supreme Court
ruled that, Dred Scott, a slave in Saint Louis, Missouri, was not a
citizen and could not sue in the federal courts, ruling that Congress
had no power to restrict slavery in the territories. The most famous
court case in the long slavery controversy.
1861- Abraham Lincoln was sworn in as the 16th president
of the United States. In a stirring inaugural address,
delivered under the watchful guard of riflemen, Lincoln appealed for
the preservation of the Union, threatened by the recent secession of seven Southern
states opposed to the new leader's policy against the expansion of slavery.
Attempting to retain his support in the North without further alienating
the South, Lincoln called for compromise, promising he would not initiate
force to maintain the Union or interfere with slavery in the states
in which it existed. He did, however, vow to retain federal property.
One month later, his refusal
to surrender or evacuate Fort Sumter in South Carolina, prompted
the Confederates to launch the first attack of the Civil War.
http://memory.loc.gov/ammem/today/mar04.html
1865 President Lincoln inaugurated for his 2nd term as President.
1867-Birthday of the first
black woman in the U.S. to hold a D.D.S. degree, Ida Gray. Born Clarksville,
Tenn.
http://www.toptags.com/aama/bio/women/drgray.htm
1869- Ulysses Grant inaugurated as 18th President
=========Gilded Age=========
1880 - For the first time halftone engraving was used in New York
City's "Daily Graphic".
1881 - James A Garfield
inaugurated as 20th President. Eliza Ballou Garfield became the first
mother of a United States President to live in the White House, when
she moved in with her son James, who was the then President.
1885- Grover Cleveland inaugurated as 1st Democratic President
since Civil War
1889 -Benjamin Harrison inaugurated as 23rd President.
1893- Grover Cleveland was inaugurated for a second but nonconsecutive
term as president. In 1885 he had become 22nd President of the US and
in 1893 the 24th. Originally a source of some controversy, the Congressional
Directory for some time listed him only as the 22nd president. The Directory
now lists him as both the 22nd and 24th presidents though some historians
continue to argue that one person cannot be both. Benjamin Harrison
served during the intervening term, defeating Cleveland in electoral
votes, though not in the popular vote.
1897 -William McKinley inaugurated as 25th President of US.
1897- Frank “Lefty” ) O’Doul, baseball player, manager, restaurant
owner, bon vivant and close friend of Joe DiMaggio, born at San Francisco.
O’Doul switched from pitching to the outfield and became one
of the greatest players not in the Hall of Fame.
His career batting average,.349, including hitting .398 in 1929
and .9383 in 1930. after retiring he helped to organize the major leagues in Japan.
Died at San Francisco, Dec 7, 1969.
1888- Knute Rockne, football coach born at Voss, Norway. Rockne played end at the University of Notre
Dame and then in 1918 was appointed head coach at his alma mater. Over
13 seasons, Rockne became a living legend, and Notre Dame football rose
to a position of unprecedented prominence. His teams won 105 games (
and three national championships) against only 12 losses and 5 ties.
Rockne died in a plane crash at Bazaar, KS, March 31, 1931.
1891- Arthur “Dazzy” Vance, Baseball Hall of Fame pitcher born
at Orient, IA. Vance “dazzled”
opposing t3eams with his pitching prowess.
He won 197 games over 16 years, mostly with the Brooklyn Dodgers. Inducted into the hall of fame in 1955. Died at Homosassa Springs, FL, Feb 16, 1961.
1901 President William McKinley inaugurated for 2nd term as President.
1909-billionaire Harry Helmsley, best known for his late marriage
to Leona Helmsly, birthday.” The best advice I ever got was from my
mother," he once noted.
"It was simply, 'Buy real estate.' And like a dutiful son, I bought
and bought and continue to buy throughout the country." At one
point he owned twenty- seven hotels, 50,000 apartments, and the Empire
State Building to boot. Owning real estate proved to be quite lucrative
for Helmsley, whose net worth was estimated at $1.7 billion by Forbes
magazine in 1996. These far-flung achievements belied Helmsley’s rather
humble origins: the son of a dry goods salesman, Helmsley opted to skip
college to enter the real estate business. However, whatever Helmsley’s
achievements in the business world, it’s likely that he will always
be remembered as the husband of the notorious Leona Helmsley. Dubbed
the "Queen of Mean," for her domineering rule over the duo’s
hotel chain, Leona bore the brunt of the scorn and punishment for her
and Harry’s well-publicized trial for tax evasion in the late 1980s.
Leona was slapped with a stiff fine and served eighteen months in prison
for her tax crimes, while Harry, who had since decayed into senility,
was deemed mentally unfit to stand trial. Harry Helmsley died on January
4, 1997.
=========World War I --pre and post=========
1913 - Woodrow Wilson was inaugurated as the 28th United States
president, only the second Democrat since the American Civil War.
1917- the first female congressional representative was Jeanette
Rankin, who was elected as a Republican form Montana and served from
March 4, 1917 to March 4, 1919, and from January 3, 1941 to January
3, 1942. She was the first representative to vote twice against entry
into war, on April 6, 1917, and December 8, 1941.
1922 -- F. Scott Fitzgerald's The Beautiful & Damned is published.
http://www.sc.edu/fitzgerald/index.html
1924-Guitarist Nat Reese born Salem, VA
http://www.wvculture.org/goldenseal/Vandalia2k/natreese.html
http://www.fiddletunes.com/pages/natr.htm
1925 - In the first radio broadcast of a presidential inauguration,
Calvin Coolidge took the oath of office in Washington DC.
1927—Trumpet player Cy
Touff Birthday
http://music.manumba.com/C/Cy_Touff.html
http://www.jazzinstituteofchicago.org/index.asp?target=/jazzgram/bronzeville/cytouff.asp
1930 - ‘The Redhead’, Red Barber, began his radio career broadcasting
on WRUF at the University of Florida in Gainsville. He would soon become
one of the best known sports voices in the United States.
1930 - In competition sanctioned by the Women’s International
Bowling Congress in Buffalo, New York, Emma Fahning became the first
woman bowler to make a perfect score. She is the first woman bowler
to accomplish the feat. She was unexcited about the feat because she
was so new to the game that she didn't know what she had accomplished.
She was never a top flight bowler. A
300 game was a huge accomplishment until the new bowling ball
materials and alley finishes in the 1990s have made it an almost everyday
occurrence. The new equipment changed bowling much as fiberglass pole
vaults and the "clicking" speed ice skates made old records
made with sweat and not technology look like amateur night.
1931- Alice Mitchell Rivlin - U.S. economist. AMR was a member
of the Federal Reserve Board and director of the Congressional Budget
Office which she created to put an end to the piecemeal budgetary enactment
by Congress. She also set up long term fiscal planning for Congress.
She was the first woman appointed vice chair of the Federal Reserve
Board (1996) and was staff member of the influential Brookings Institute.
Her other positions included deputy director, U.S. Office Management
and Budge 1993-94. She is a self-describe liberal Democrat.
1931- Robert “Bob” Johnson, hockey player, coach and executive
born at Minneapolis, MN, Johnson played college hockey at the University
of Minnesota and began coaching high school hockey in 1956. He moved to Colorado College in 1963 and to
the University of Wisconsin in 1967.
Johnson’s Badgers won three NCAA titles. He coached four US National teams and the1976 Olympic team. Johnson became head coach of the Calgary Flames
in 1982 and led them to five straight Stanley Cup layoff appearances.
He became executive director of the Amateur Hockey Association
of the United States in 1987 and coach of the Pittsburgh Penguins in
1990. They won the Stanley Cup
a year later. Johnson was named
coach of the US team for the 1991 Canada Cup, but surgery for a brain
tumor prevented his participation. He was known throughout the hockey
world for his favorite saying, “ It’s a good day for hockey.” Died at
Colorado Springs, CO, Nov 26,1991.
1932- vocalist Miriam
Makeba, Johannesburg, Africa. She is one of the world's most prominent
black African performers of the 20th and 21st centuries.
Her best known number in the U.S. was "The Click Song."
http://www.music.org.za/artists/makeba.htm
=========FDR=========
1933 - Franklin D. Roosevelt was sworn in as 32nd United States
president and the first to be elected for a third and fourth term.
1933- Frances Perkins
became the first woman appointed to the president's cabinet when she
was appointed Secretary of Labor by President Franklin D. Roosevelt.
http://www.undelete.org/woa/woa03-04.html
1934-Singer/Actress/Television personality Barbara McNair born
Racine, WI.
http://members.tripod.com/SoulfulKindaMusic/bmcnair.htm
1937 - Actor/producer/writer/composer/comedian and this night’s
host, George Jessel, welcomed the glamorous crowd to the Biltmore Hotel
in Los Angeles, the setting for the 9th Annual Academy Awards show.
Which film was which, you ask? The envelope, if you please... For the
films of 1936: Outstanding Production/Best Picture: "The Great
Ziegfeld" (from Metro-Goldwyn-Mayer); Best Director: Frank Capra
for "Mr. Deeds Goes To Town"; Actor: Paul Muni ("The
Story Of Louis Pasteur"); Actor in a Supporting Role: Walter Brennan
("Come and Get It"); Best Actress: Luise Rainer ("The
Great Ziegfeld"); Actress in a Supporting Role: Gale Sondergaard
("Anthony Adverse"); Best Song: Dorothy Fields & Jerome
Kern for "The Way You Look Tonight" from the movie, "Swing
Time".
http://www.infoplease.com/ipa/A0148036.html
1937-saxophonist Barney Wilen born Nice,France, Died 1996
http://www.loustal.nl/barney_wilen%20cd-audio.htm
http://www.sunnysidezone.com/Artists/wilen.html
1939- vocalist Barbara
McNair born Racine, WS
http://www.showbizmall.com/b_mcnair/mc_p1.htm
1939- Golfer JoAnne
Gunderson (Carner) born. Known as “the Great Gundy,” she has won more
than 40 tournaments. She won the U.S. women's Amateur championship five
times before turning pro. She won the U.S Open in 1971 and 1976. She
was named LPGA Player of the Year in 1974, 1981, and 1982.
http://www.palmbeachnational.com/jcga/joanne.asp
1940-Bob Chester Band records “Octave Jum’” (Bluebired 10649)
1941-trumpet player Bobby Shew born Albuquerque NM
http://www.bobbyshew.com/bio.html
1942 - On Okeh Records in Chicago, Illinois, Dick Jurgen’s orchestra
recorded "One Dozen Roses".
1942-pianist/arranger David Matthews born, Sonora, KY
http://community-2.webtv.net/falconbird/RECENTRELEASESIVE/page3.html
http://www.walterwhite.com/davem.JPG
http://www.dmband.com/index.asp
1942 - Shirley Temple starred in "Junior Miss" on CBS
radio. The show, which was today heard for the first time, cost $12,000
a week to produce and stayed on the air until 1954.
1942 - On West 44th Street in New York, the Stage Door Canteen
opened, becoming widely known as a club for men in the armed forces
and a place to spend lonely hours. The USO, the United Service Organization,
would grow out of the ‘canteen’ operation, providing entertainment for
American troops around the world.
1943 - Actress Greer Garson's acceptance speech for the Best Actress
Academy award for her role in Mrs. Miniver lasted 5½ minutes, an industry
record. As the press poked fun at her talkativeness, the story became
more and more exaggerated, and Garson's speech was "remembered"
as being a tedious hour-long ordeal. It became an embarrassing Hollywood
legend for the talented and elegant Irish actress. Following the incident,
time deadlines for acceptance speeches were established by the Academy
- which, more often than not - weren't observed by award winners. The 15th Academy Awards presentation drew Hollywood luminaries to
the Ambassador Hotel in Los Angeles to celebrate the great work done
during the year 1942. Everybody seemed to like "Mrs. Miniver"
(from Metro-Goldwyn- Mayer) better than any other movie that year. That
movie was so good that it won William Wyler the Best Director Oscar;
Greer Garson the Best Actress statuette; Teresa Wright the Best Actress
in a Supporting Role prize; Joseph Ruttenberg the Cinematography/black-and-white
Oscar; and George Froeschel, James Hilton, Claudine West and Arthur
Wimperis the Writing/Screenplay award. Ah, but there was more to celebrate
on that March night in 1943: James Cagney was presented the Best Actor
Oscar for "Yankee Doodle Dandy" and Van Heflin was voted Best
Actor in a Supporting Role for "Johnny Eager". And one other
award is worth mentioning: a guy named Irving Berlin picked up the Best
Song Oscar for a little ditty he had written for the film, "Holiday
Inn": "White Christmas".
http://www.infoplease.com/ipa/A0148205.html
1944-The U.S. Eighth Air Force launches the first American bombing
raid against the German capital. The RAF flew 35 major raids between
November 1943 and March 1944 and lost 1,047 aircraft, with an even greater
number damaged.
Fourteen U.S. bomber
wings took off for Germany from England on the evening of March 4; only
one plane reached Berlin (the rest dropped their loads elsewhere; few
planes were lost to German defenses). In retrospect, the initial American
attack was considered "none too successful" (as recorded in
the official history of U.S. Army Air Force). Subsequent attacks in
March were more effective.
1944-Singer Mary Wilson born Detroit, Mi.
http://www.missnancywilson.com/
=========Post World War II=========
1947 - The Two Mrs. Carrolls, a murder drama starring Humphrey
Bogart as a psychopathic artist who paints his wives as Angels of Death
then kills them, opened in theaters. The film also starred Barbara Stanwyck,
Alexis Smith, and Nigel Bruce.
1948 - The Naked City, an innovative film noir crime drama set
in New York City and starring Barry Fitzgerald as the detective in charge,
opened in United States theaters. The film's style has been copied countless
times over the years, and later served as the basis of a popular television
series.
=========1950’s=========
1950 - When Walt Disney released "Cinderella". It was
Disney’s first full-length, animated, feature film in eight years. It
is still one of the top selling movies in both DVD and VHS format.
1951---Top Hits
If - Perry Como
My Heart Cries for
You - Guy Mitchell
Tennessee Waltz -
Patti Page
There’s Been a Change
in Me - Eddy Arnold
1952- It is Ronald and Nancy Reagan’s wedding anniversary . Little
Brown Church in the San Fernando Valley, CA. Ronald Reagan was 41 and
Nancy Davis (born Anne Frances Robbins) was 30. They were both actors;
William Holden served as best man. This was Reagan's second marriage.
His first marriage to actress Jane Wyman in 1940 produced daughter Maureen
Elizabeth Reagan in 1941, adopted son Michael Edward Reagan (born 1942)
in 1945 and daughter Christina Reagan in 1947, who was born prematurely
and died within a few days. Nancy and Ronald have two children: Patricia
Ann Reagan (Patti Davis), born in 1952, and Ronald Prescott Reagan,
in 1958.
Another trivia answer: he is the first US president who had been
divorced. “Love You, Ronnie “by Nancy Reagan, Ronald Reagan No matter
what else was going on in his life or where he was--traveling to make
movies for G.E., in the California
governor's office, at the White House, or on Air Force One, and sometimes
even from across the room--Ronald Reagan wrote letters to Nancy Reagan,
to express his love, thoughts, and feelings, and to stay in touch..
Great book.
http://www.amazon.com/exec/obidos/search-handle-form/103-3975609-1805410
1952-Ernest Hemingway writes his published that he has finished
his short novel “The Old Man and the Sea.” He told him it was
the best writing he had ever done. The critics agreed: The book
won the Pulitzer Prize in 1953 and became one of his best-selling works.
It was first published in “Life” magazine.
1953- percussionist Emilio Estefan born Havana, Cuba
http://www.gloriaheaven.com/emilio7.htm
http://www.gloriaheaven.com/emilio_family.htm1954-sax
player Ricky Ford born, Boston MA
http://www.ejn.it/mus/ford.htm
http://www.amazon.com/exec/obidos/ASIN/B000044U32/inktomi-musicasin-20/102-1682336-
8966565
1954-African-American scientist and attorney J Ernest Wilkins
is named Undersecretary of Labor by President Eisenhower. He was born
in Farmington, Missouri. He became a government official and lawyer.
He was the son of a Baptist minister. He became an assistant secretary
of labor in charge of international affairs. He was the first African
American to hold this position and the second Black official to hold
a sub-cabinet post. He was the ranking Black in the nation's capitol
during the Dwight D. Eisenhower administration. He became internationally
known for his position. President Dwight D. Eisenhower appointed Wilkins,
a Republican, as vice-chair of the newly established President's Committee
on Government Contracts. Vice-president Richard M. Nixon chaired the
panel that had been set up by executive order to enforce federal policy
prohibiting discrimination due to race, creed, or national origin in
employment or promotion of individuals who worked in establishments
involved in government business. Wilkins died of a heart attack, January
19, 1959. He laid in state at Foundry Methodist Church in downtown Washington,
D.C., the first time a Black had been so honored. From Notable Black
American Men
http://www-groups.dcs.st-and.ac.uk/~history/Mathematicians/Wilkins_Ernest.html
1959---Top Hits
Stagger Lee - Lloyd
Price
Donna - Ritchie Valens
Charlie Brown - The
Coasters
Don’t Take Your Guns
to Town - Johnny Cash
=========1960’s=========
1960 -- It is revealed,
in connection with the current congressional investigation into payola,
that Federal Communications Chairman John Doerfer took a six-day trip
to Florida courtesy of Storer Broadcasting. http://64.227.206.20/Music_Orb/MusicOrbdb/musicorbdb_84.html
1961-This is the
official Commemoration of the founding of the Peace Corps on Marcy 1,
1961 by President John. F. Kennedy.
It is observed on the first Tuesday in March.
http://peacecorps.gov/indexf.cfm
1967---Top Hits
Ruby Tuesday - The
Rolling Stones
Love is Here and
Now You’re Gone - The Supremes
Baby I Need Your
Lovin’ - Johnny Rivers
The Fugitive - Merle
Haggard
1968 Martin Luther King Jr announces plans for Poor People's Campaignhttp://www.howardri.org/MLKing%20Workshop.html
http://www.daveyd.com/mlkdaypolitic.html
1968 -“The Dick Cavett Show” premiered on television. He began
his television career on ABC with a daytime talk show that subsequently
became a late-night program competing with Johnny Carson. Cavett, with
his Yale background, had a reputation as an "intellectual"
host and was particularly adept at the one-man interview. He has since
appeared on the CBS, PBS and USA networks hosting a variety of shows.
=========1970’s=========
1974 - Time-Life, now Time-Warner, issued a new magazine called,
"People"; which had an initial run of one million copies.
It became the most successful celebrity weekly ever published, and its
weekly circulation hit 3,424,858 by 1994. Mia Farrow was on the front
cover.
http://people.aol.com/people/aboutus/magfacts.html
http://people.aol.com/people/index.html
1975---Top Hits
Best of My Love -
The Eagles
Have You Never Been
Mellow - Olivia Newton-John
Black Water - The
Doobie Brothers
It’s Time to Pay
the Fiddler - Cal Smith
1978- Chicago Daily News, founded in 1875, publishes last issue
http://www.bbbirthday.50megs.com/History/1stpic.gif
1978 - Andy Gibb hit the top of the music charts with "(Love
is) Thicker Than Water", which had a 2 week stay at #1. The Bee
Gees also set a record with their single, "How Deep Is Your Love",
from the "Saturday Night Fever" soundtrack which stayed in
the top 10 for an unprecedented 17 weeks. At the age of 30, Gibb died
on March 10, 1988, of an inflammatory heart virus in Oxford, England.
http://www.hotshotdigital.com/tribute/AndyGibb.html
=========1980’s=========
1980- "Coal Miner's Daughter," the film biography of
country singer Loretta Lynn, premiered in Nashville. Lynn was played
on screen by Sissy Spacek, who also did all the singing in the movie.
http://www.imdb.com/Title?0080549
1981- forward Guy Lafleur of the Montreal Canadiens scored the
1,000th point of his career, a goal in a 9-02 victory over
the Winnipeg Jets. Lafleur finished
with 1,353 points an entered the Hockey Hall of Fame in 1988.
1983- Montana became the first state to ban sex discriminatory
rates in all insurance. Under the prevailing discriminatory rate structure
women were paying up to 30% more for the *same* insurance coverage as
men whether it was auto, health, disability, or old age income insurance
even though actuary tables indicated women were less accident prone
and lived longer.
1983---Top Hits
Baby, Come to Me
- Patti Austin with James Ingram
Shame on the Moon
- Bob Seger & The Silver Bullet Band
Stray Cat Strut -
Stray Cats
Why Baby Why - Charley
Pride
1984- The Television Academy of Arts and Sciences announced the
formation of the Television Academy Hall of Fame at Burbank, CA. The
first inductees were Lucille Ball, Milton Berle, Paddy Chayefsky, Norman
Lear, Edward R. Murrow, William S. Paley and David Sarnoff.
1985 -- Supreme Court
upholds right of Oneida nation of New York to sue for lands illegally
taken in 1795.
http://www.oneidanation.org/index2.shtml
1985 - "Dr.
Spock’s Baby and Child Care" was published with Dr. Michael Rothenberg
sharing authorship with Dr. Benjamin Spock, ‘The Baby Doc’. It was the
fifth edition of the book to be published. 30,000,000 copies had been
printed -- second only to the Bible in the best seller category.
http://www.amazon.com/exec/obidos/ASIN/0671537628/inktomi-bkasin-20/102-1682336-8966565
1988- Hot Tuna was the headline act as the Fillmore Auditorium
in San Francisco reopened. Joining group members Jack Casady, Jorma
Kaukonen and Paul Kantner for the special occasion were Grace Slick
and Papa John Creech. All at one time or another had been members of
Jefferson Airplane and-or Jefferson Starship. The Fillmore was one of
the leading venues for San Francisco's psychedelic bands in the 1960s.
=========1990’s=========
1991---Top Hits
All the Man that
I Need - Whitney Houston
Someday - Mariah
Carey
One More Try - Timmy
-T-
Walk on Faith - Mike
Reid
1992- AT&T announced it would close thirty-one offices around
the country and replace nearly one-third of its operators with computerized
information systems. Some 18,000 operators would be replaced with voice-recognition
software, which could provide phone numbers and other information
1994 - Four Muslim fundamentalists were found guilty of bombing
the landmark World Trade Center in New York.
1994- Space shuttle STS-62 (Columbia 16), launches into orbit
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