Leasing News

“We had some great sessions at Nashville on the Internet and on technology opportunities. We learned from Kit Menkin, Gerry Egan, and others that technology has not and will not replace the people skills, product knowledge and customer understanding that successful brokers bring to the deal. Use all the high-tech, new economy products and services as tools. They are nothing more.

“I don’t know about you, but I see changing times as an opportunity. I’m a salesman and the glass is half full, never half empty. Mix that optimism with a touch of reality about what skills it takes to compete for business in this century and you will also have recorded sales and record profits. Join us at the mini and regional meetings this year, and at our national convention in New Orleans, next year.

“I’m not ready to fold my tent just yet.”

Mike

Leasing LogicC, Summer, 2000,

National Association of Equipment Leasing Brokers Leasing

Today:

“You requested an update about what has been happening in my life since the photo above was taken during my term as NAELB President.

“As you know, our business is limited to financing irrigation systems on golf courses across the country. It is a fairly mature business and industry so it is not as subject to short term economic pressures as many industries. Our revenues have been growing over the last several years and our defaults are non-existent which always makes the banks happy.

“On the personal side, my wife of thirty years, Dianne, and our two Beagles are all healthy and happy. She continues her postdoctoral research as a toxicologist in the department of community medicine at the University of California, Irvine.

“I do have a project that some of your readers might find interesting. I own a small equity interest in an adventure resort outside of Las Vegas. On about 550 acres we offer classes in defensive driving, martial arts, shooting, rope, rappel and climb. We also have some very interesting corporate team building classes.

“Financing such a project out of cash flow continues to be an interesting challenge but we have grown very rapidly over the last five years.

“ If any of your readers are interested, they can go to www.frontsight.com for more information. There is the additional advantage that having a high level of shooting skills tends to minimize collection problems. :-))

“Thanks for your inquiry and thanks for all your efforts to keep Leasing News running. It has become an industry staple.”

Best Regards,

Mike

meacher@bankgrouponline.com

800-403-0422

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Classified Ads---Out Sourcing

Backroom: All Locations

Are you a broker or a rep for a major lessor? Want to just market and leave the backroom an packaging functions to us? Call us.

Email:nationalbusinesscredit@yahoo.com

Back office: Atlanta , GA. GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216 email:azeppenfeld@globaltechfinancial.com

Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in U.S. email:sales@taxpartners.com

Collections - repossessions: Tampa, FL.

Back Office: Northbrook, IL

Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc. Email:ngeary@edwinsigel.com

Back Office: Portland, OR

Tired of paying and training a documentation person? Cut your expense and try outsourcing. Ideal for any part of the USA Call for information 503-492-3183. Email:Trina.Drury@verizon.net

Back Office: San Rafael, CA

We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management. Email:gmartinez@phxa.com

Collector: Near Boston, MA

My name is John Kenny. I have 14 years experience in leasing collections. I currently offer outsourced services to clients nationwide on a contractual, contingency basis.Email:ReceivablesMgmt@prodigy.net

Collector: Fountain Valley, CA

Commercial Collector with a track record of collecting lost leasing deposits and advance payments on unfunded deals. If you have been burned, we are the ones to call. 1-888-278- 0658 ext. 233. Email:jcasperson@omniusco.com

Collector: Saint Louis, Mo.

Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency! Call 1-800-659- 7199 ext.315

email: jfloyd@lindquistandtrudeau.com

Collections and Asset Management: Great References. Ability to liquidate entire portfolio with excellent results. email: hardesty@alltel.net

IRTC Contingencies: Commercial Collections- Skip Trace- Repossessions-judgment served- Investigations- Asset Remarketing& No Cost Warehousing East Coast USA.Call 813-467- 4324 ask for Robert or email to Robertmbs@covad.net

Complete lists of companies offering serves at:

http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm

( you may also post a free ad here if you have a service for

the leasing industry: http://65.209.205.32/LeasingNews/PostingFormOutsourcing.asp )

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United Association of Equipment Leasing (UAEL) Spring Education Conference at Rancho Mirage, California May 1-4.

Mark McQuitty for Leasing News

The Desert Beat:

I’m out here in the middle of the desert in Rancho Mirage…(I always thought it was Palm Springs. But, I guess that was the 80’s…back about the time Mayor Bono was busy cleaning the place up)…damn, it happened again…whenever I think of Sonny Bono, immediately the scary image of Cher in her near naked outfit singing to the US Navy (“trying to turn back time”) springs to mind!!…somehow, I don’t think George “the younger” would’ve allowed that on the USS Abraham Lincoln in the Persian Gulf….I could be wrong, though?

A storm is supposedly about to dump 2 to 4 inches (in the higher elevations…as they say) of rain on Southern California in the next day or so and here we are in a virtual “valley of the kings”, enjoying 85 degrees in Babylonian splendor caressed by a cool breeze. We are surrounded by manicured green grass, man made lakes, enthusiastic help (all too anxious to quench a man’s desert-parched thirst), blue skies above and I swear, geese and assorted friendly water fowl right out my back door (which overlooks the lake and golf course!)…12 gauge??

I’m sorry, but you’re going to have to allow me the war & peace and movie star and desert kingdom metaphors….hell, we just won the war…George V is on the carrier…Rummy’s hanging out in Saddam’s old digs in “Babylon by the bay” and a whole lot of historical stuff worth mentioning, happened between the Tigris and Euphrates…and did I mention, we just won the bloody war…and as EVERYBODY out here agrees…we are all survivors in our own little battles and just happy to be here and seeing familiar faces.

You come out here and you can’t help but identify with the seemingly, bigger, historical, larger than life characters and all the imagery (remember, I’m still an impressionable immigrant full of “shock and awe” in general)…didn’t Manifest’s Brad Petersen go to Iowa State…that campus was bigger than the town (country?) I grew up in.

Heading east from Orange County on the 10, after an hour and a half, or so, you exit Bob Hope Drive, cross over Dinah Shore Drive…then there’s a reference to Frank Sinatra Blvd and then on your left is Eisenhower hospital with wards by Annenberg and Betty Ford (the latter, clearly the reason leasing folk retire out here...I better start planning!). This is all too over powering for a little country boy from New Zealand…all kidding aside, I’m impressed by this kinda stuff!

First impressions?…first class!…good on you, Joe (Woodley)!…I know there’s more folks involved (but I don’t know everyone’s name yet)… yet, from the aesthetic appeal and pleasant “Babylonian” opulence of our surroundings, it’s clear a great deal of forethought by our leadership, went into planning this event and it’s a pity more of the younger crew weren’t out here to experience it. They put on a first class cocktail and hors d’oeuvres hour, that lasted several…(I left early to pencil this out)…and was still fully attended, even though four elimination NBA games were in full swing….(however, I did see Andy Alper (the legal hound dog) and the boys from TriStar (Iggy and Mikey) sneak off to “The Yardhouse” to catch the Lakers…and a buzz?!

It was 10 years since I was last out in Rancho Mirage at a UAEL event (Jim Lahti was the President, then)…and wouldn’t you know, “Jimbo” was the first son of a gun I met when I arrived….it immediately brought back warm memories. He still looks good (sort of!)…although, big Sis has got him beat in that dept by a country mile. Right after that I ran into Betty Kerhoulas of Pacifica (out of Irvine, Ca)…what a great lady!…I’ve never met her before, but she made my wife CarolAnn and I feel very welcome and feel like old friends…no wonder she’s so successful in the leasing biz!…these folks are good and survivors!

What’s truly refreshing, though, is to see some of the same old faces out here after all these years and to know they’ve weathered the storms, as you have and here we all are to share war stories and strategize on emerging victorious come the next round.

It’s the warmth of the personalities in our industry which is indeed refreshing and truly heartening to know. However, don’t be fooled. The folks out here are the hardcore survivors of the industry…smart, industrious, congenial, warm, folksy! But don’t let this fool you…when it’s game time, the face comes on…that’s why they’re here…and perhaps, why you’re not!

Mark

(Mark will have a full report on the conference in the Monday edition. editor)

Send to a colleague, as we are trying to build our readership. Ask

them to subscribe. We have a “free” early morning edition and

$49.95 per year “up-grade” html edition.

[Headlines]

Cartoon---Strikes

http://two.leasingnews.org/cartoons/STRIKES-(3).gif

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National Venture Capital Association Report

Global And Economic Uncertainty Stalls Venture Capital Investments In Q1 2003

http://www.nvca.org/pdf/Q1_03_MTRelease-Final.pdf

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Mortgage Rates Drop Again

Freddie Mac, the Mortgage company, reported in their weekly nationally survey that the average interest rate on a fixed-rate 30-year mortgage fell this week to 5.70 percent. It was 5.79 percent last week.

Rates for the 15-year fixed-rate mortgages went down 5.03 percent this week, compared with 5.12 percent last week.

Rates for one-year adjustable mortgages went down to 3.74 percent, down from 3.79 percent last week.

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ELA Large Ticket Conference: The Mood Has “Bottomed Out”

by Amy Miller Holmes, Equipment Leasing Association.

So why did a record attendance of 328 attend the annual Equipment Leasing Association Large Ticket Conference in Dallas earlier this week? From a wide number of discussions it was clear that the bad news in the market now has been discounted and people are ready for business to improve. ELA Michael Fleming observed the attitude slightly differently. “These people are the warriors. They value interaction with each other, they like the action and they want to be ready to go.” The manager of the Four Seasons Resort commented upon the departure of ELA, “We have never had a group here that used every thing this resort has to offer for so many hours every day.”

In his opening remarks, Conference Chairman James Meighen, PNC Leasing, made the observation that any of us can make money in good times, now is the time we earn our keep. Jim and many others in attendance summed up the current times:

· Soft domestic market – total avoidance of major network airlines and little rail.

· Satisfactory global market dominated by service contract structures.

Everyone but the second day’s speaker, former AMR Chairman Robert Crandall, believes that the U.S. Banks are out of aircraft leasing for a long time – years. Crandall told the audience that he believes that the traditional providers of aircraft finance will return when the airline industry straightens itself out in a few years. “Over time, air financing is a good business. It will continue to be attractive long term.” Crandall gave an exciting, blunt and often humorous presentation. He told the full house that the airlines traditional model had put a premium on growth but that had led to over capacity and bloated labor costs. He said that the model worked as long as two underlying realities existed.

· The business traveler values convenience more than dollars.

· All airline’s costs are about the same.

These realities are no longer true with business travelers more cost conscious and traveling less and the major network airlines’ costs up to 50% high per passenger seat miles. Restructuring will have to take place to address the new realities.

Other notable observations and comments from Dallas.

· Fin 46 is a disaster – vague – an abdication of responsibility!

· Concept of “Leasing Business” giving way to “Structured Finance (or solutions) Business.”

· This business has stayed dynamic because the intervention of legal and regulatory changes forces re-invention. Current Treasury, FASB, Basel, and credit market changes are forcing changes.

· Where will the next generation of people come from – this crowd is getting older and older.

· Growth not a goal in itself, sustainable growth is the goal.

The Conference Keynoter, Fortune Magazine’s Geoffrey Colvin made a wonderful presentation that included observations which business leaders such as the conference attendees should take to heart.

· American companies still have the opportunity to compete in the largest, most dynamic and prosperous economy.

· By historic standards, current conditions such as GDP growth, PE ratios, unemployment rates and other indices would be good. The only indicator that is still a little high is the ratio of stock value to GDP – 50-70% is good, now at 100%, a little high.

· Capital spending is set to turn around with falling oil prices as the stimulus and expected 2.5% growth rates. The economy will take off when people internalize the new realities out there.

Colvin commented on the changes in corporate culture. He said there are two imperatives.

· Ethical! All are being held to a higher standard. Many are being held to the same higher scrutiny for what some did.

· Shareholder Value! Demand performance, the pressure is on business executives.

Colvin’s closing observation appeared to be capture an important part of what the business is about today. “For most people today, the decisions are not between right and wrong, but between right and right!”

CONTACT:

Amy Miller Holmes

ELA

Phone Number: 703-527-8655

E-mail: aholmes@elamail.com

[Headlines]

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Association Government Leasing & Finance 2003 Annual Spring Conference

If you haven't been to a conference this year, and are looking

for a new niche, this is the one. Look for me as I will be

attending, reporting for Leasing News. Kit Menkin

May 14-16, 2003 / Four Seasons Hotel, Las Vegas, NV 1.877.632.5200

With budget cuts, all government entities will be looking to leasing. Learn

the ropes from those who have been working this niche market for many years;

how to approach vendors to sell to this marketplace, where to go with all size

government transactions, how to develop more municipal and government leasing

sales.

New members and non-members invited.

AGL&F 23rd SPRING ANNUAL CONFERENCE

TENTATIVE SCHEDULE OF EVENTS

Wednesday, May 14

2:00 PM – 4:00 PM Basics Session

Thursday, May 15

8:00 AM – 5:00PM Keynote Speaker, General Sessions and Luncheon

Evening – Annual Conference Dinner Event "Blue Men"

Friday, May 16

8:00 AM – Noon General Sessions, Ending with the Lawyers’ Panel

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News Briefs---

Bush to Visit Santa Clara, Two City Blocks from Leasing News Office

http://www.bayarea.com/mld/mercurynews/news/5759153.htm

Jobless claims remain high, manufacturing sags in struggling economy

http://www.signonsandiego.com/news/business/20030501-1414-economy.html

Auto Sales Dropped 6.1% During April

http://www.nytimes.com/2003/05/02/business/02AUTO.html

Jobs scarce for new college grads/Tough luck for this year's college grads

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/05/01/BU29825
1.DTL&type=business

HP Moves Its “Volume Control Center” to India

http://www.internalmemos.com/memos/memodetails.php?memo_id=1531

[Headlines]

Sports Briefs

Lakers Win Series 4-2

http://www.nytimes.com/2003/05/02/sports/basketball/02LAKE.html

Complete Playoff Coverage

http://www.nytimes.com/pages/sports/basketball/index.html

Center Robbins remains a Raider
http://www.bayarea.com/mld/cctimes/sports/football/nfl/oakland_raiders/5759421.htm

Suited perfectly to defend Raiders

http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2003/05/01/SP303879.DTL

Crouch enjoys a second chance

http://www.greenbaynewschron.com/packers/page.html?article=119715

Dispute between Faulk, woman will go to trial http://www.stltoday.com/stltoday/sports
/stories.nsf/Sports/Rams/D96CF79C6823B47B86256D1A
000A2B66?OpenDocument&Headline=Dispute%20between%20Faulk%2C%20woman
%20will%20go%20to%20trial

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Highlights This Day in American History

1837-birthday of our Sue Robert's relative, Henry M. Robert (General, US Army), author of Robert's Rules of Order, today the standard parliamentary guide.

1853 - Franconi’s Hippodrome opened at Broadway and 23rd Street in New York City. The 4,000-seat facility opened in grand style for a hippodrome (an arena for a circus or games) with a chariot-and-ostrich race. It was popular for five years. http://www.nypl.org/research/chss/spe/art/print/exhibits/movingup/no29.htm http://www.public.iastate.edu/~calel/hippo.html

1843-Elijah McCoy was born in Colchester, Ontario. His parents escaped slavery in Kentucky by traveling along the Underground Railroad. This famous African-American inventor is credited with over 50 patents and his lubricating oil and systems were quite famous in its day. His most famous was the McCoy Lubricator. McCoy invented a device to oil the machinery while it was working. It was soon used on engines, train locomotives, on Great Lake steamships, on ocean liners and on machinery in factories. His invention became so popular that no engine or machine was considered complete until it had a McCoy Lubricator. The phrase "The Real McCoy" soon caught on as a way of saying that people were getting the best equipment available.

http://www.bccns.com/elijah.htm

http://www.princeton.edu/~mcbrown/display/mccoy.html http://www.blackinventor.com/pages/elijahmccoy.html

1863-General Stonewall Jackson, leading a large part of Gen. Lee’s army, delivered a devastating blow on Gen. Hooker’s right flank. Reconnoitering with his staff at day’s end, Jackson and his group were mistaken for Union soldiers and fired on by their own forces. Jackson’s shattered left arm had to be amputated. While he was hospitalized pneumonia set in; his death came on May 10.

http://norfacad.pvt.k12.va.us/project/sjackson/sjackson.htm
http://www.waysideofva.com/stonewalljackson/

1885-Good Housekeeping magazine makes its debut, becoming one of the most popular magazine for decades, setting many styles and standards for its day. It is still popular in this century. http://memory.loc.gov/ammem/today/may02.html

1876- the first baseball players to hit home runs were Ross Barnes of the Chicago White Stockings and Charles Wesley “Baby” Jones of the Cincinnati Reds, at Cincinnati,OH. Chicago won 15-9. ( sorry, books don’t tell which hit the first home run. editor ).

1923- the first transcontinental nonstop airplane flight was made by Lieutenants Oakley G. Kelly and John A. Macready of the Navy Air Service. They took off from Roosevelt Field, NY at 11:36pm and arrived at Rockwell Field, Coronado Beach, CA, at 12:26pm the next day, covering a distance of 2,700 miles in 26 hours. http://www.nasm.si.edu/nasm/aero/aircraft/fokker_t2.htm

1903-birthday of Benjamin Spock, pediatrician and author, born at New Haven, CT. His book on childrearing, Common Sense Book of Baby and Child Care later called Baby and Child Care, has sold more than 30 million copies. In 1955 he became professor of child development at Western Reserve University at Cleveland, OH. He resigned from this position in 1967 to devote his time to the pacifist movement. Spock died at San Diego, CA, Mar 15, 1998.

http://www.drspock.com/about/drbenjaminspock/0,1781,,00.html

http://creativequotations.com/one/1007.htm

1908-birthday of “Pinky Lee,” born Pincus Leff. Born at St. Paul, MN. When young, Leff had dreams of becoming an attorney, but abandoned the idea when classmates laughed at his lisp. His show business debut was in burlesque in the 1930s. He is best remembered for "The Pinky Lee Show" which telecast from Los Angeles in the early 1950s. Pinky Lee died Apr 3, 1993, at Mission Viejo, CA.

http://www.tvparty.com/lostpinky.html http://www.yesterdayland.com/popopedia/shows/saturday/sa1353.php

1904-1904- singer and actor Bing Crosby was born in Tacoma, Washington.

He sang with dance bands from 1925 to 1930, and in 1931 began work in radio and films. Crosby gained enormous popularity for his crooning style, which was ideally suited to the new radio medium. His recording of "White Christmas" is said to be the best-selling record of all time. In 1944, he won an Academy Award for his performance in the film "Going My Way." His other notable films included "The Country Girl" in 1955, "High Society" in '56 and the remake of "Stagecoach" in 1965. Bing Crosby had a lifelong love affair with the game of golf. In 1977, he dropped dead after completing a round on a golf course in Spain.

http://www.globalicons.com/Legends/Crosby/

http://www.crosby.circle.btinternet.co.uk/

http://www.globalicons.com/Legends/Crosby/index.html

1924-birthday of singer/actor Theodore Bikel, Vienna, Austria http://www.bikel.com/

1930-First game of National Negro Baseball League, played in Indianapolis,

http://www.gnofn.org/~mmcgee/baseball/Rube_Foster.htm

http://www.execpc.com/~sshivers/foster.html

http://library.thinkquest.org/3427/data/fosterru.htm

1931-Richard “Groove” Holmes Birthday http://www.duke.edu/~mbc5/

http://theatreorgans.com/grounds/groove/holmes.html

( Warren Luening and I along with Chris Morgan and/or Dave Silverman

saw Richard “Groove” Holmes in person on the Hollywood Strip, plus

Mose Allison, Cannonball Adderly, and others in the early 60’s.)

1935- Link Wray, one of the more influential rock guitarists of the 1950's, was born in Fort Bragg, North Carolina. Wray introduced the distorted fuzz-tone guitar sound on his single "Rumble," which by 1958 had sold a million copies. It is said to have been recorded as early as 1954. Link Wray's playing was a tremendous influence on such British rock stars as Jeff Beck, Pete Townshend and John Lennon

http://www.vh1.com/artists/az/wray_link/bio.jhtml

http://www.rockabilly.nl/artists/linkwray.htm

1938-Ella Fitzgerald, with Chick Webb’s band, records “ A Tisket A Tasket,” ( Decca)

http://persweb.direct.ca/fstringe/oz/a144.html http://museum.media.org/ella/

1939-New York Yankees first baseman Lou Gehrig asked manager Joe McCarthy to take him out of the lineup for the game against the Detroit Tigers. By his sitting out, Gehrig’s record streak of consecutive games played, begun May 25, 1925, stopped at 2,130. The slugger complained of fatigue, but he was really suffering from A.L.S. , amyotrophic lateral sclerosis, a condition later known as Lou Gehrig’s disease. Gehrig never played again. http://www.lougehrig.com/

1946 –1946- 1960's teen star Lesley Gore was born in Brooklyn, New York; later moving with her family to Tenafly, New Jersey. She was only 16 when she signed with Mercury records, and became a top star with such hits as "It's My Party" and "Judy's Turn to Cry." Until 1966, Lesley Gore was one of the most successful American teen singers. An attempt in the 1970's to establish herself as a singer geared to the adult market was not particularly successful, and she later turned to performing her hits at oldies concerts.

http://www.swinginchicks.com/lesley_gore.htm
http://members.tripod.com/~Lesley_Gore/bio.html

http://www.lesleygore.com/pages/668081/index.htm

http://www.patswayne.com/lesley/

1950- Lou Gramm, lead vocalist with Foreigner, was born in Rochester, New York. By the beginning of the 1980's, their hard rock music had gained them worldwide sales of more than 21- million records. Their 1977 debut album yielded three hit singles - "Feels Like the First Time," "Cold as Ice" and "Long, Long Way From Home." Their subsequent million-sellers included "Hot-Blooded" and "Double Vision," both from 1978, "Waiting For a Girl Like You" from 1981 and 1984's "I Want to Know What Love Is." Gramm departed Foreigner in 1990 to continue a solo career that had begun several years earlier. He had had a top-five hit in 1987 with "Midnight Blue."

http://www.foreignerfiles.com/members/lougramm/

http://www.geocities.com/missmoonlight82/stillvidclipsanpics.html

1953 - Dark Star defeated the heavily favored Native Dancer to win the Kentucky Derby. A $2 wager to win on this dark horse would have put $50 in your pocket as Dark Star was a 25-1 long shot.

1954---Top Hits

Wanted - Perry Como

Young at Heart - Frank Sinatra

Make Love to Me - Jo Stafford

Slowly - Webb Pierce

1954-Stan Musial of the St. Louis Cardinals hit five home runs in a doubleheader against the New York Giants in St. Louis, setting a major league record. The Cardinals won the first game, 10-6, but fell to the Giants in the nightcap, 9-7. http://www.stan-musial.com/

1956 -- For the first time in Billboard history, five records appear in both the pop and R&B Top 10. They are: Elvis Presley's "Heartbreak Hotel" , Carl Perkin's "Blue Suede Shoes" , Little Richard's "Long Tall Sally", the Platters' "Magic Touch" and Frankie Lymon & the Teenagers' "Why Do Fools Fall in Love". Presley's & Perkins' hits are also in the country & western Top Ten at #1 & #2 respectively.

1957- Elvis Presley recorded "Jailhouse Rock," a Leiber and Stoller song that would become the title of Presley's next movie.

1960- Ben E. King ended his association with the Drifters by signing a solo contract with Atlantic Records. King was the lead on such Drifters' hits as "There Goes My Baby," "Save the Last Dance For Me" and "This Magic Moment." King's first hit on his own was "Spanish Harlem," produced by Phil Spector.

http://www.vh1.com/artists/az/king_ben_e_/bio.jhtml

http://www.delafont.com/music_acts/Ben-King.htm

1960 - Harry Belafonte presented his second Carnegie Hall concert in New York City. http://w1.871.telia.com/~u87125666/index.htm

1962---Top Hits

Good Luck Charm - Elvis Presley

Soldier Boy - The Shirelles

Stranger on the Shore - Mr. Acker Bilk

Charlie’s Shoes - Billy Walker

1970-Diane Crump of Oldsman, FL, became the first woman to ride in the Kentucky Derby, riding “Fathom” in the 1.25 96^th Kentucky Derby, Churchill Downs, KY. In the 17-hourse race, she finished 15^th.

1970---Top Hits

ABC - The Jackson 5

American Woman/No Sugar Tonight - The Guess Who

Love or Let Me Be Lonely - The Friends of Distinction

My Woman My Woman, My Wife - Marty Robbins

1978---Top Hits

Night Fever - Bee Gees

If I Can’t Have You - Yvonne Elliman

Can’t Smile Without You - Barry Manilow

Every Time Two Fools Collide - Kenny Rogers & Dottie West

1981 - Scottish singer Sheena Easton made it to the top spot on the pop music charts for her first -- and only -- time. "Morning Train (Nine to Five)" knocked "Kiss on My List", by Daryl Hall and John Oates, out of the top of the music charts. "Morning Train" pulled into the top spot for a two-week stay. Easton had been an actress, appearing as a singer in the 1980 BBC TV documentary, "The Big Time"; and this time she made it to the big time, winning the 1981 Best New Artist Grammy Award. On U.S. TV, she is remembered as Sonny Crockett’s wife in five episodes of "Miami Vice" in the 1980s and for singing the title song in the James Bond flick, "For Your Eyes Only". Easton scored 14 hits on the charts between 1981 and 1991. Seven of those hits made it to the top ten. "The Lover in Me" in 1988 was the closest she ever came to having another number one hit. It stopped climbing at number two. http://www.sheenaeaston.com/

1985 - The General Motors X-Cars rolled off the assembly line in Detroit, MI for the final time on this day. The cars were a dismal failure, despite being a hit in the beginning, as many claimed they were brought out too early and not “tested.”. The X-Cars were subject to massive recalls which cost G.M. many millions of dollars. http://members.tripod.com/seributra_d/X.htm

1986---Top Hits

Kiss - Prince & The Revolution

Addicted to Love - Robert Palmer

West End Girls - Pet Shop Boys

Now and Forever (You and Me) - Anne Murray

1986 - The photo essay, "A Day in the Life of America", began as two hundred photojournalists covered the USA to take 350,000 pictures. For publication of the beautiful coffee table book, only 350 pictures were selected. It is considered a collector’s item today.

http://images.isbn.nu/000649207X/price

http://www.amazon.com/exec/obidos/tg/detail/-/000217734X/002-
9713331-5503223?vi=glance#product-details

1988---Top Hits

Anything For You- Gloria Estefan & Miami Sound Machine

Shattered Dreams- Johnny Hates Jazz

Wishing Well- Terence Trent D'Arby

One More Try- George Michael

1993---Top Hits

Freak Me- Silk

That s The Way Love Goes- Janet Jackson

Informer- Snow

Love Is (From "Beverly Hills, 90210")- Vanessa Williams/Brian McKnight