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Headlines---
Classified
Ads--- Sales Manager
-by
John McCue
Cartoon---Industry
Attitude Problem
Southern
Pacific Bank Lease Portfolio
Classified
Ads--- Sales Manager
Sales Manager: Atlanta,
GA
30 years in transportation
Finance with strong management/ sales background. Represented company
on national & region markets. Started two successful operations-
produce profits and growth. Email:pml@mindspring.com
Sales Manager: Dallas/Fort
Worth, TX.
Domestic-int'l exp.
Small to middle ticket. 24 yrs with Fortune 500 firms(2). Consistently
achieves margin/ volume goals. Email:
mfdp1101@charter.net
Sales Manager: New
York, NY
I have over 25 years
owning an independent leasing company that specialized in truck leasing.
Tow trucks, Limos, ambulances, tractors, etc.. Email:rfleisher@rsrcapital.com
Sales Manager: Pennsauken,
NJ.
17 Years Leasing
in all capacities from CSR and Collections to National Sales Management
and Vice President Vendor Development. Exceptional People Skills. Many
industry references. email: cherfurth1@aol.com
Sales Manager: Portland,
OR. 18+ yrs w/bank leasing company. Supervised 14- 20 sales people.
Willing to relocate for the proper position. Email:pthygeson@netscape.net
Sales Manager: Seattle,
WA
Senior level sales
professional w/ (20) plus experience in mid market financing & leasing.
The last (8) plus years being self employed in middle market brokerage.
Email:markhenley@qwest.net
full list of all classified ads: http://64.125.68.90/LeasingNews/JobPostings.htm
Post a free “job wanted” ad at: http://64.125.68.90/LeasingNews/PostingForm.asp
----------------------------------------------------------------------------
Economic
Events This Week
March 10
Wednesday
Balance of Trade: January
March 11
Thursday
Retail Sales: February
Weekly Jobless Claims
March 12
Friday
Inventory-Sales Ratio Jan.
------------------------------------------------------------------------------------------------------
Time
To Pull Together
by
John
McCue
President,
McCue Systems Inc.
Burlingame,
CA
--------------------------------------------------------------------------------
As one who has been
around the equipment leasing industry for over 30 years, I've been dismayed
at the recent shellacking our business has been taking in the mind of
the public, particularly in the way it was portrayed in the recent PBS
special, "Tax Me If You Can". While some of what was reported
may have been valid, the overall tone of the piece for equipment leasing
was gravely unfair.
I think it's time
for those of us who care about this industry to speak up and make sure
that the truth of what we contribute to the overall health of this economy
is told!
I salute Michael
Fleming for having the courage to "get out there" and face
the lions! His recent press conference was an act of courage and helped
to redress the balance. And I thank Mike and the ELA for their leadership
role in this controversy and for showing that industry has created between
$100-$300 billion to real GDP, $227 billion in new equipment manufacturing
and 3-5 million jobs.
But all of us need
to step forward and be counted. Especially given our recent experience.
After all, the leasing industry has just survived one of its most difficult
periods: in the face of shrinking volume (especially in big-ticket)
and industry consolidation, we've had to deal with heightened scrutiny
and regulatory restructuring, and bad business press.
Right now was not
a good time for a nationally- broadcast special to take a handful of
the most egregious cases of aggressively packaged products and suggest
that they represent the form and substance of an entire industry.
Equipment leasing
cannot be characterized by sham transactions and hidden ownerships that
exploit the tax code and harm the average citizen. Granted, it is an
election year and governments from state and municipal up to the Federal
level are feeling the pinch from tight economic times and struggling
to figure out how to make ends meet. It looks like they have found their
convenient scapegoat…one singular place where they can squeeze 33 billion
of tax dollars over the next 10 years (by their very questionable estimation).
We are partly to
blame for putting ourselves in this position, as we have not done enough
to make sure that our lawmakers and the public understand the workings
and benefits of equipment leasing.
When I went to Capital
Hill Day last year, I was amazed to see that the members of Congress
had little understanding of the true flow of capital through our system
and the significance of leveraging the value of capital available to
businesses, municipalities, or non-profit entities that we make possible.
We have allowed them to think of syndication as underhanded and designed
to hide ownership, when in many cases it is simply dividing transactions
down into manageable portions. The underwriting institution is performing
a service as a kind of wholesaler and is not in the position to carry
the entire block of paper for the entire duration of the transaction.
When policymakers
think of these transactions as tax shelters, they think of "tax
avoidance" when it is really "tax deferral". Because
what is being changed is the timing of the taxation, as depreciation
is taken in the early years to position the taxation of the income of
transactions to later years.
We need to remind
Congress that it was they who created these "shelters" in
the first place. These transactions were intended to attract capital
into markets where it would not have otherwise gone, either because
the deals were too risky or did not provide sufficient yield. Tax sheltering,
when reasonably applied, is and was a reasonable means to have highly
taxable entities divert their funds at a lower interest rate than would
otherwise be available to stimulate investment without having to use
federal dollars in the form of grants, loans, or direct expenditures.
Yes, there may be
abuses in the system that need to be reformed. And perhaps the zealous
and creative among us have pursued an approach that generated an even
higher volume of transactions than had originally been anticipated or
budgeted for in the federal budget when the leasing guidelines were
enacted. We need to address the abuses, and do so immediately.
I think it's time
for all of us to pull together and become more self-policing. Let's
agree which kinds of shelters are outside of the box so that we can
define the parts of the box that are truly adding value. Although we
as an industry may resist the codification of economic substance, a
more effective strategy may be to focus on what would work for our industry
and the economy …and to work pro-actively with those in Congress who
are participating in the review of industry practices.
Thinking about which
of these behaviors are defensible, I suggest that there are three areas
that may cross over the line:
Offshore municipal
deals that provide lower cost capital to foreign municipalities by subsidizing
them (through tax savings) with US federal tax dollars. (At the same
time, we can defend providing such support to US municipalities, with
a resulting overall tax neutral outcome. (And all the more favorable
if our transactions are actually purchasing some new equipment somewhere
in the mix, thus creating some extra jobs.)
Sale and lease-back
transactions that require over 65% defeasance (compensating balances)
of the purchase value of equipment. To be a real transaction, it needs
to free up more cash for the leasing entity than the tax shelter effect
it generates.
Sales and leasebacks
where an entity sells some of its used infrastructure are somewhat questionable.
It is not generating the sale of new equipment, and in many cases is
not exactly equipment (such as a 30 year old sewer system) as one would
think of it that would go to anyone but the lessee at the end of the
lease term.
It appears that the
so-called SILO (Sale-in/ Lease-out) transactions that have come under
question represent only a small portion of the industry volume yet are
having an oversized impact on leasing's reputation. According to recent
reports, the total is about $10-$15 billion and only half of these are
offshore (about $6-7 billion) while perhaps another $3 billion are for
either used infrastructure or require over 65% compensating balances.
Thus, collectively it appears that the offending transactions may be
only a total of $10 billion out of a $220 billion industry volume or
about 5%.
We need to correct
the general perception by Wall St, the public, and Congress by actively
closing the most questionable of transactions while emphasizing the
contribution to the economy of the remaining 95%.
Let's confront the
problems, work to fix them, and start talking about what's RIGHT in
equipment leasing. For openers, consider the many ways industry acts
as an economic stimulant (and Lord knows we need an economic stimulant
at this point). In the deals that are properly structured, we make capital
equipment upgrades possible, and so create jobs for the user and the
producer of the goods. We do this even better than lending can especially
at a time where capital availability is scarce. Participation in the
equipment ownership from someone (like the manufacturer) who has a vested
interest in selling it is going to be necessary at the beginning of
a general recovery where so many companies' credit ratings are compromised.
There is one thing
that is important for all of us to reflect on at a time like this. Our
public perception as an industry has been tarnished.
We, as an industry,
must pull together with a unified voice ...and get back to the basics
of communicating the value that the leasing industry brings to building
a robust economy and growing investment in the capital goods that have
made US industry and agriculture among the most productive on our planet.
This year, more than
ever, we all need to stand behind ELA and Capital Hill Day and in local
community business forums to get this message out, so that neither Congress
nor the business public overreacts. They need to understand how to effectively
partner with the leasing industry in the areas that need help, to stimulate
domestic economic growth, building jobs and prosperity. With 95% of
our transactions, we have a very strong story that shows that we contribute
far, far more to GDP than any offsets or sheltering that comes with
leasing transactions.
Streamline
Sales Tax Project
The Equipment Leasing
Association (ELA) has scheduled an informative web-based seminar examining
technology that will implement Streamlined Sales Tax (SST). Scheduled
from 1:30 – 3:00 pm Eastern Time on Thursday, April 8, the web seminar
is designed for commercial equipment lessors but will have some applicability
to other industries since the basic technology platform concerns all
parties implementing the software-driven SST.
Taxware will guide participants through a review of lease origination,
accounting and tax software integration with certified automated systems
and certified service provider systems considered critical for compliance
with SST. To learn more about the agenda and to register, go here: http://www.elaonline.com/events/2004/SST/
The surprising success
in gaining state enactments of the SST agreement has focused ELA attention
on informing lessors of the technology intended to drive the system. This web based seminar is scheduled in anticipation
of release of the Request For Proposal in 2004 to potential Certified
Service Providers leading to certification that would allow a third
party to calculate, collect, report and remit applicable state and local
sales and use taxes on behalf of a retailer or lessor. Using their systems as a representative example of the SST platform,
Taxware tax and technical representatives will explain how lessors will
need to accommodate the transaction tax criteria established for the
new software-based tax regime.
Discussion during
the web seminar will focus on the linkage between the accounting systems
used by industry and SST-mandated tax systems, including:
· What Is Streamlined Sales Tax and How Will it Change Your Operations?
· Will Your Lease Origination, Tax and Accounting
Software Integration Meet System Criteria?
· Learn Streamlined Sales Tax Technology
Options: Certified Service Providers
and Certified Automated Systems
We invite you to
participate this important event. To
register and to learn more about the agenda, please go here: http://www.elaonline.com/events/2004/SST/
Dennis Brown
DBROWN@ELAMAIL.COM
Equipment Leasing
Association
http://www.elaonline.com/GovtRelations/State/Streamometer/
--------------------------------------------------------------------------
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the management of Leasingnews.org mailing system wants to let
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The above did not
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Even if it came from your mother, ask.
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-------------------------------------------------------------------------------
Cartoon---Industry
Attitude Problem
-------------------------------------------------------------------------------
### Press Release
###########################
The
FDIC announces the sale of a $ 2.2 million performing lease portfolio
from Southern Pacific Bank
The FDIC is selling
the remaining $2.2 million performing lease portfolio of Southern Pacific
Bank. The leases were originated by Southern Pacific BanCapital, a division
of Southern Pacific Bank and consist of two performing lease agreements
offered separately in two pools- one pool consists of lease loans secured
by leased equipment; the second consists of direct finance leases.
A competitive bid
sale will be conducted by the FDIC with electronic information being
available on March 5, 2004. Hard copy due diligence will be conducted
at the FDIC office in Dallas, TX from March 15 through April 2, 2004.
The sealed bid deadline is scheduled for April 6th.
The lease pools are
part of the FDIC’s quarterly offering of assets from failed banks. In
addition to the lease pools, there are 16 additional pools of performing
and non-performing SFR 1-4’s, commercial real estate and commercial
loans.
For sales and registration
information, visit the FDIC web site at www.fdicsales.com or contact
Michael Hankinson, Resolutions and Receivership Specialist at mhankinson@fdic.gov.
or (972) 761-2420.
Sites of Reference:
http://.www.fdicsales.com
CONTACT:
Michael Hankinson
Federal Deposit Insurance
Corporation
Phone Number: 972-761-2420
Fax Number: 972-761-8241
E-mail: mhankinson@fdic.gov
### Press Release
###############################
Classified
Ads---Help Wanted
Current Openings
Sales Representatives
|
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|
About the Company: Dimension Funding, LLC Formed in 1979. Located on 17748 Sky Park Circle, Irvine, CA. 92614. Website: www.dimensionfunding.com |
[Top]
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-------------------------------------------------------------------------------
News Briefs----
February hiring falls
far short of predictions
Nearly all new positions created by government
http://www.signonsandiego.com/news/business/20040306-9999-news_1b6jobless.html
Offshoring's giant
target: the Bay Area
Silicon Valley could
face export of 1 in 6 jobs -- worst in nation
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/03/07/MNGRT5G2C11.DTL
Mortgage rates little
changed; 30-year at 5.59%
http://www.usatoday.com/money/perfi/housing/2004-03-04-mortgage_x.htm
-------------------------------------------------------------------------------
Sports Brief----
Here's the deal:
T.O. was not free despite his view to the contrary
http://www.mercurynews.com/mld/mercurynews/sports/football/nfl/
san_francisco_49ers/8122327.htm
This
Day in American History
1717 - On Fishers Island in Long Island Sound, 1200 sheep were
discovered to have been buried under a snow drift for four weeks. When
finally uncovered, one hundred sheep were still alive.
1790—The first U.S. Census started this month and was completed
on August 1. the population was placed at 3,929,625,including 697,624
sales and 59,557 free blacks. the most populous state was Virginia with
747,610 people, and the lagest city was Philadelphia, with a population
of 42,444. The center of U.S. population was aboaut equally
divided between New England and the Middle Atlantic States, and the
South. Massachusetts was the only state to report no slaves.
1862- The Confederate ironclad Virginia destroyed two Union frigates
at Hampton Roads, Va., whereupon the Virginia retired, leaving the Union
blockade intact. The crew of
the Monitor, following naval regulations, had been using only half charges
in its two 12-inch guns.
1863--In a daring raid with his commando-style raiders, Colonel
John Mosby captured Union General E.H. Stoughton from his headquarters
in Fairfax County Courthouse in Virginia . Mosby’s irregular forces
patrolled a northern area of Virginia that became known as Moshys Confederacy.
Supported by the local populace and reviled by his Northern
enemies, Mosby’s Rangers were
one of the most successful of the Southern irregular forces.
1888- Susan B. Anthony appeared before the Judiciary Committee
of the House of Representatives for four days, appealing for the woman’s
right to vote. On June15,1919, the passed what they called the “Anthony
Amendment” which the states ratified on August 26, 1920, giving women
the right to vote in the United States. http://memory.loc.gov/ammem/today/mar08.html
1909 - The town of Brinkley AR was struck by a tornado which killed
49 persons and caused 600,000 dollars damage. The tornado, which was
two-thirds of a mile in width, destroyed 860 buildings. Entire families
were killed as houses were completely swept away by the tornado. Tornadoes
killed 64 persons and injured 671 others in Dallas and Monroe counties
during the Arkansas tornado outbreak.
1912—birthday of Louis Beavers. Her Hollywood careers spanned 30
years and more than 125 films. Though she was forced to play stereotypical
roles, such as those of maids, her authentic talent was always apparent.
Her starring role in the film Imitation of Life earned her high praise.
Beavers was a member of the Black Filmmakers Hall of Fame. She also
played the title role in the TV series ‘Beulah’ (1951—53). Born at Cincinnati,
Ohio, died at Los Angeles, Oct 26, 1962.
1913- The Internal Revenue Service began to levy and collect income
taxes. The 16th Amendment to the Constitution, ratified Feb 3,1913,
gave Congress the authority to tax income. The US had also levied an
income tax during the Civil War. President Abraham Lincoln signed into
law a bill levying a 3 percent income tax on annual incomes of $600—$10,000,
and 5 percent on incomes of more than $10,000. The revenues were to
help pay for the Civil War. This tax law actually went into effect,
unlike an earlier law passed August 5,1851, making it the first income
tax levied by the US. It was rescinded in 1872.
1918-Arranger/tenor sax/trombone player/bank leader Sam Donahue Birthday http://www.hepjazz.com/bios/samdon.html
http://www.centrohd.com/biogra/d2/sam_donahue_b.htm
http://entertainment.msn.com/artist/?artist=151579
1922- Carl Furillo, baseball player born at Stony Creek Mills,
PA. Furillo played right field for the Brooklyn Dodgers “Boys of Summer”
teams of the late 1940’s and 1940’s.
He compiled a .299 lifetime batting average and was known for
his strong throwing arm, giving rise to his nickname, the “reading Rifle.”
Died at Stony Creek Mills, Jan 21, 1989.
1925 - Bernard McFadden was a physical culturist who had a radio
show in New York City. He failed to show up this day for his daily morning
program, causing a young, studio engineer, John Gambling, to ad-lib
on the air for a solid hour. As a result, the radio station (WOR) decided
to give Gambling the morning announcer’s job. John Gambling stayed at
WOR for many years, then turned the mike over to his son, who, finally,
turned the program over to his son ... all named John. Mr. Gambling’s
"Rambling with Gambling" program attracted tri-state (New
York, New Jersey, Connecticut) audiences in record numbers for over
70 years on the 50,000 watt talk-radio powerhouse at 710 AM on your
radio dial from New York each morning.
1935-Trumpet player Wingy Manone records, “ Isle of Capri.”
1935 -- Thomas Wolfe's second novel, Of Time and the River, is
published to great acclaim.
http://library.uncwil.edu/wolfe/wolfe.html
http://www.ah.dcr.state.nc.us/sections/hs/wolfe/wolfe.htm
1935-saxophone player George Coleman born Memphis TN
http://entertainment.msn.com/artist/?artist=228859
http://www.duke.edu/~bsb5/jazz/one.html
http://stevekhan.com/coleman.htm
1936-guitarist Gabor Szabo born Budapest, Hungry. Died February 26,
1982
http://www.dougpayne.com/bio.htm
http://www.dougpayne.com/bio2.htm
1940- Cab Calloway Band records “Diz’s Pickin’ the Cabbage,” perhaps
the first Dizzy
Gillespie music recorded.
1948-1960s pop singer Little Peggy March, whose real name is Margaret
Battavio, was born in Lansdale, Pennsylvania. She was heard singing
at a cousin's wedding, and someone passed the word along to RCA Victor.
She was only 15 when she recorded "I Will Follow Him," which
topped the Billboard Hot 100 in the spring of 1963.
http://www.peggymarch.net/pm.htm
1951-Pianist James Williams born Memphis, TN
http://jameswilliamspiano.com/
http://www.pianospot.net/cat2/1702937.html
1954- the Milwaukee Hawks and the Baltimore Bullets played the
only two-team doubleheader in NBA history. The Hawks won both games,
64-54 and 65-54.
1955---Top Hits
Sincerely - McGuire
Sisters
The Crazy Otto (Medley)
- Johnny Maddox
The Ballad of Davy
Crockett - Bill Hayes
In the Jailhouse
Now - Webb Pierce
1963---Top Hits
Walk like a Man -
The 4 Seasons
Rhythm of the Rain
- The Cascades
You’re the Reason
I’m Living - Bobby Darin
The Ballad of Jed
Clampett - Flatt & Scruggs
1964 -- Malcolm X announces split with Nation of Islam.
http://www.brothermalcolm.net/mxtimeline.html#sixtyfive
1965-The first U.S. combat forces in Vietnam, more than 3500 Marines,
landed in South Vietnam to guard the U.S. Air Force base at Da Nang. They joined 23,500 other Americans serving
as “advisers” in South Viet Nam. The United States began supplying Viet
Nam with troops to fight the Japanese.
In 1945, Lt. Col. A. Peter Dewey, head of American OSS mission,
was killed by Vietminh troops while driving a jeep to the airport. Reports
later indicated that his death was due to a case of mistaken identity
-- he had been mistaken for a Frenchman.
in 1945. After World War II, to stop communism, President Truman
sent over military advisors. The first American to be killed was an OSS officer. In 1950, more aid was sent; $10 million dollars
and 35 troops. Eisenhower continued this policy. During his term, Eisenhower
will greatly increase U.S. military aid to the French in Vietnam to
prevent a Communist victory. U.S. military advisors will continue to
accompany American supplies sent to Vietnam. To justify America's financial
commitment, Eisenhower will cite a 'Domino Theory' in which a Communist
victory in Vietnam would result in surrounding countries falling one
after another like a "falling row of dominoes." The Domino
Theory will be used by a succession of Presidents and their advisors
to justify ever-deepening U.S. involvement in Vietnam. Kennedy continued
this policy. On December 21, 1961 that President Kennedy sent troops
to Vietnam, actually 425 helicopter crewmen to provide support and training
for South Vietnamese forces. It was not until Johnson had made promises
to send in troops on his visit to Viet Nam. In 1961, during a tour of
Asian countries, Vice President Lyndon Johnson visits Diem in Saigon.
Johnson assures Diem that he is crucial to US objectives in Vietnam
and calls him "the Churchill of Asia." It was he who was promoting
a war to “stop communism.” He
did not want to appear “soft. History
shows the first ground troops sent to Vietnam were 3,500 Marines who
landed at the port of Da Nang in South Viet Nam on March 8,1965, authorized
by President Johnson. The Marine’s mission was to guard the air base
there. They raised the total U.S. troop strength in Vietnam to 27,000.
Eventually over 400,000 troops would be in Southeast Asia. It was Johnson’s war. It was the reason he did not seek a second
term.
http://www.english.uiuc.edu/maps/vietnam/timeline.htm
http://www.landscaper.net/timelin.htm
http://www.historyplace.com/unitedstates/vietnam/index-1945.html
http://mil.citrus.cc.ca.us/cat2courses/HIST155/Briefings/BRIEF1.HTM
1968-Tommy Moore, 6 years old, made a hole-in-one at the Woodbrier
Golf Course in Hagerstown, MD.
1968 -- Bill Graham, owner of the Fillmore, San Francisco's legendary
rock ballroom, opens Fillmore East in New York City. Opening bill features
Albert King, Tim Buckley & Big Brother & the Holding Company.
1968 -- Meanwhile, back in the Frisco Bay area, Cream, James Cotton
Blues Band, Jeremy Satyrs, & Blood Sweat & Tears at the Fillmore
Auditorium. Over to the Avalon Ballroom is Love, Congress of Wonders,
& Sons of Champlin.
http://www.sfmuseum.org/hist1/rock.html
1969 - Sly and the Family Stone began their fourth, and final,
week at number one on the pop music charts with "Everyday People".
When he was presented with the gold record for this achievement, Sly
ripped it out of its case and played it, to hear, "People",
by Barbra Streisand. He was heard to utter a few not printable words.
1971---Top Hits
One Bad Apple - The
Osmonds
Mama’s Pearl - The
Jackson 5
Me and Bobby McGee
- Janis Joplin
I’d Rather Love You
- Charley Pride
1971- Joe Frazier won a 15-round unanimous decision over Muhammad
Ali at New York’s Madison Square Garden to become the heavyweight champion
of the world. For the night, both Frazier and Ali collected $2,500,000.
1971-a snowstorm dropped 10 to 20 inches of new snow across Vermont
to raise snow depths to record levels. 116 inches was measured on the
ground on top of Mount Mansfield, the second highest snow depth ever
recorded on the mountain up to the time. The town of Orange measured
88 inches on the ground for a new state low elevation snow depth record.
1975 - Olivia Newton-John reached #1 on the pop charts with "Have
You Never Been Mellow". Olivia also reached the top spot with "I
Honestly Love You", "You’re the One That I Want" (with
John Travolta), "Magic" and "Physical".
1979---Top Hits
Da Ya Think I’m Sexy?
- Rod Stewart
I Will Survive -
Gloria Gaynor
Tragedy - Bee Gees
Golden Tears - Dave
& Sugar
1986- Martina Navratilova became the first woman tennis player
to pass the $10 million mark in career earnings. She also set the single
year record, $2,173,556 in 1984.
1987 -a record 24 hour temperature fall began at Detroit, Michigan.
It started at 1:00 PM EST with a temperature of 74 degrees when a sharp
cold front dropped the temperature down to 23 degrees at 1:00 PM EST
on the 9th. The total temperature fall for the 24 hour period was 51
degrees. - Thirty-two cities in the eastern U.S. reported new record
high temperatures for the date, including Madison WI with a reading
of 71 degrees. Afternoon highs of 68 degrees at Houghton Lake MI and
74 degrees at Flint MI smashed their previous records for the date by
fourteen degrees.
1987---Top Hits
Livin’ ---Top Hits
on a Prayer - Bon Jovi
Jacob’s Ladder -
Huey Lewis & The News
Somewhere Out There
- Linda Ronstadt & James Ingram
Mornin’ Ride - Lee
Greenwood
1990 - Late afternoon thunderstorms produced severe weather in
east central Iowa and west central Illinois. Thunderstorms spawned a
tornado south of Augusta IL which traveled 42 miles to Marbleton. Golf
ball size hail was reported at Peoria IL and near Vermont IL.
1992 -in the first 8 days of March, Las Vegas, Nevada recorded
1.87 inches of rain. This set a new monthly record for rainfall in March.
The previous record was 1.83 inches set in 1973.
1994- Scottie Pippen and Pete Myers of the Chicago Bulls became
the first teammates in NBA history to make four point plays in the same
game. A four-point play is a three-point field goal followed by a free
throw. The bulls beat the Atlanta Hawks, 116-95.
1994-a major snowstorm buried
sections of Oklahoma, Missouri, and Arkansas. Ozark Beach, Missouri
recorded 19 inches of snow, while Harrison, Arkansas checked in with
18 inches. Tulsa, Oklahoma had 12.9 of snow, for its greatest single
storm snowfall ever.
1994---Top Hits
The Sign- Ace Of
Base
The Power Of Love-
Celine Dion
Whatta Man- Salt-N-Pepa
Featuring En Vogue
Without You/Never
Forget You- Mariah Carey
1996 -Elkins, West Virginia received 2.1 inches of snow on this
day to bring its seasonal snowfall to 125.8 inches -- its snowiest winter
on record.
1996 - An updated remake of La Cage Aux Folles, The Birdcage starring
Robin Williams, Nathan Lane, Gene Hackman, Dianne Wiest, and Calista
Flockhart, opened in United States theaters. The farcical film, directed
by Mike Nichols, won a Screen Actors Guild award for Outstanding Performance
by a Cast.
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