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Wednesday, May 7, 2003

Headlines---

 

Association Government Leasing & Finance 2003 Annual Spring Conference

     Classified Ads----Report---Seventy Jobs Listed

          Job cuts jump 71% in April

               Cartoon--- Concepts

                    Two Version: Free & $49.95 yr/Free 30 Day Trial

                         Fixed-rate Mortgages expected to dip sharply in 2Q03

                    Deutsche Leasing Increases Sales Revenues by 6.8%

               MicroBilt New Online Collections Service/CreditCommander.com

          Orion Announces EndorseIt - Signature Capture Software

     MB Financial Completes Sale of Abrams Centre National Bank

Americans Taking Few Measures to Reduce Credit Card Debt

     News Briefs---

          Highlights Day in American History

 

Special Report on Finance, Leasing & Credit Card Company Stats

 

This Border ##### Denotes Press Release (Not Written By Leasing News)

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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

Classified Ads---Jobs Wanted

[Headlines] 

 

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Classified Ads----Report---Seventy Jobs Listed

 

Seventy Job Wanted Ads---This is our highest figure since we started

this free job posting. It does not include three who we took off the

list because they found jobs.

 

One found through our ad ( we are waiting for permission to quote him.) One went to work for a mortgage company, and the other a small community bank, saying he would not come back to the leasing industry. We tried to get their permission to quote their comments.

 

Yesterday, wee had five people asked to be removed from the mailing list as they

were leaving the leasing industry.

 

Here is a partial listing:

 

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: Irvine, CA. 25+ years experience with small ticket, municipal, federal, financial disclosure, operations, documentation, funding. Excellent relationships with many funding sources. Proven producer. email: cibo@earthlink.net

 

 

Credit Manager: Kansas City, MO. Equipment finance and leasing, inventory finance, construction & agricultural equipment.

email: impens@earthlink.net

 

Credit: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved. email:batarista@laughlin.net

 

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 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: No. 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: 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 ( wont rely on a FICO score for enlightenment.) email: pmtorres1@yahoo.com

 

Credit: San Francisco Bay Area, CA. CLP 15 yrs exp. credit, operation& sales. Small to $25M. Desire stable company where I can add a lot of value. Great References Available. email:jen94401@yahoo.com

 

The full list is located at: http://65.209.205.32/LeasingNews/JobPostings.htm

 

Posting is free: http://65.209.205.32/LeasingNews/PostingFormWanted.asp

 

We do help people find employment. There are both small and large

leasing companies who are hiring, and growing. They have found

their niche. They are aggressive. They are making things happen.

[Headlines] 

 

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Job cuts jump 71% in April

 

Long-expected recovery seems far off as pink slips keep coming

 

Pia Sarkar,San Francisco Chronicle Staff Writer

 

 

Job cuts catapulted 71 percent between March and

April, dashing hopes for an economic recovery.

Shrinking workforce

California leads the nation in the number of jobs lost during April.

California -- 32,891

New York -- 14,508

Illinois -- 13,662

Texas -- 10,788

Pennsylvania -- 10,099

Ohio -- 5,370

District of Columbia -- 5,191

Massachusetts -- 5,024

Wisconsin -- 4,350

Washington -- 3,502

.

Source: Challenger, Gray & Christmas

 

 

U.S. employers wiped out 146,399 jobs last month, compared with 85,396 in March, according to Challenger, Gray & Christmas, an outplacement firm based in Chicago. More than a third of April's job cuts came from the public sector.

 

California experienced the biggest loss, with 32,891 jobs disappearing last month, followed by New York with 14,508 and Illinois with 13,662.

 

April's figures represented the largest monthly jump since November. They were 30 percent higher than the same period last year, when job cuts stood at 112,649.

 

John Challenger, the company's chief executive, said the numbers run counter to conventional wisdom.

 

"It just jumped in April, and this is the time we thought we were going to be out of the woods," he said "Many had predicted that we would see 15 months of joblessness. It's been 15 months -- more than 15 months -- but instead of seeing the job picture improve, it's turned for the worse."

 

It took 15 months for the economy to recover from its last recession in the early 1990s. But this latest recovery seems to be taking its sweet time.

 

Challenger added that the war in Iraq did nothing to affect the economy.

 

"Anybody who thought the war was the thing that was going to turn around the economy" was wrong, he said.

 

The report was compiled from job-cut announcements reported in major media outlets. It does not take into account new hires or internal transfers at companies that have announced layoffs.

 

The Information Technology Association of America also came out with a report that showed that companies are moving positions overseas in greater numbers, with 12 percent of information companies and 3 percent of non- information technology companies saying they have already opened operations abroad.

 

"We've been saying that for several years but no one was listening to us" when unemployment was virtually nonexistent, said association President Harris Miller. "This is just an opportunity in a different environment to make the point more directly because now people are concerned about global competition."

 

The report is based on a telephone survey of 400 tech and non-tech companies nationwide.

 

Challenger noted in his report that 40 percent of the job cuts in April were in the public sector. A total of 57,927 positions were eliminated from government agencies, marking the largest one-month total from a single industry since September 2001.

 

Challenger said the cuts are taking place within state and local governments, which have been running deficits and must now own up to them.

 

Although job creation is slow in coming, Challenger said there has been some movement in sectors like residential construction, mortgage banking, health care, defense and security.

 

 

 

Staff Writer Carrie Kirby contributed to this report

[Headlines] 

 

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Cartoon--- Concepts

 

 

http://two.leasingnews.org/cartoons/CONCEPTS.gif

 

[Headlines] 

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Two Version: Free ( text format) $49.95 yr ( html/website) Free 30 Day Trial

 

http://www.leasingnews.org/contact_us_news.htm

 

This edition is also available in an "up-grade" format, html, where you may

click on the headlines to go to the story, plus is also in this "new" format

posted daily on our website--- http://www.leasingnews.org/contact_us_news.htm

 

[Headlines] 

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Fixed-rate Mortgages expected to dip sharply in 2Q03

 

ABSnet

 

In the next two months, the amount of outstanding fixed rate mortgages should decline sharply, according to analysts from JPMorgan.

 

Having the MBA Refinancing Index above 8000 for most of March will result in a 15% increase in pay downs in April/May, with the supply from resecuritization likely delayed by several more months.

 

However, net 30-year supply will remain negative. This is attributed to new production in 15s and ARMs. Analysts estimate that about 15% of 30s are refinancing into ARMs while 15% are refinancing into 15-years. Thirty-year net issuance is dipping because of pay downs. This is while 15-year issuance is evidently increasing with rising 30-year pay downs.

 

Analysts said that the market should expect net 30-year issuance to dip at $20 billion per month in April/May. Fixed-rate agency issuance so far in April has reached approximately $126 billion and is on pace for a little over $140 billion for the month. Pay downs in March were $135 billion; with pay downs expected to go up by 15% (to $153 billion) in April. This is why the amount of outstanding fixed-rate agency MBS may dip in April by around $10 billion, with 30s losing around $20 billion. This implies that the amount of outstanding 30s will have dropped by more than $130 billion in the last eight months or about 7% of the total outstanding in August 2002.

 

The large majority of the dip in outstanding 30s is at the expense of Golds. After a brief rise in issuance in March, Gold 30-year supply is once again down significantly, with only a 15% market share (even lower than the GNMA share). However, the FNMA market share has risen to 68% of all agency 30-year issuance.

 

The declining Gold market share is likely due to the relatively poor current coupon execution and, at the margin, growth from the MPF program. Analysts also mentioned that the poor execution has been partly tied to the inferior convexity of TBA Golds. For instance, the Gold/FNMA 6.5 swap is negative 1/32s and the 7s swap is negative 7/32s. The Gold 7s are trading (delay adjusted) almost half a point "cheap" to FNMAs, said the researchers. — KS

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[Headlines] 

#### Press Release #############################################

 

 

Deutsche Leasing Increases Sales Revenues by 6.8 Percent in One Year Using Siebel Sales

 

 

SAN MATEO, Calif.--

 

Leading German Finance Leasing Company Experiences up to 100

 

Percent Increase in Sales against Target

 

Siebel Systems, Inc. (Nasdaq:SEBL), a leading provider of multichannel eBusiness applications software, today announced that Deutsche Leasing is using Siebel Sales to manage all aspects of its strategic account selling. This has enabled the company to record a 6.8 percent increase in sales revenues in one year and a 100 percent increase in sales against target.

 

"Siebel eBusiness Applications are critical to Deutsche Leasing's sales success," says Friedel Jonker, CRM Project Manager, Deutsche Leasing. "Our key strategic account sales teams are achieving a 100 percent increase in sales against target compared to the old system, and company-wide sales have increased by 6.8 percent. Siebel Systems' global reach and the company's CRM vision, together with its dynamic and innovative product development investment, make them the ideal partner. Our users also judged the Siebel solution to be the most functionally rich and the easiest to use."

 

Until recently, this leading German finance leasing company was relying on rudimentary sales and marketing systems to manage customer relationships. Critical customer and product information was contained in various decentralized, fragmented spreadsheets, systems, and departments. There was minimal integration between direct and indirect sales channels. And the customer communication channels -- field sales, telephone, Internet, email, and post -- all operated independently of one another.

 

Deutsche Leasing has implemented Siebel Sales among 350 sales, marketing, and service professionals across Germany to manage all aspects of strategic account selling and maximize sales productivity. The system provides a single source of information concerning the customer's profile and responsibilities of key individuals, the customer's history with Deutsche Leasing, and contract details. It also acts as the gateway to cross-selling and up-selling other leasing services to customers. Deutsche Leasing's Leipzig office is testimony to the success of this system. Here, the sales team has beaten its annual sales target by up to 175 percent.

 

This highly effective sales program is supported by the company's marketing department. The CRM system is being used to coordinate effective, targeted marketing campaigns aimed at generating leads and increasing awareness of the company. The single customer view enables Deutsche Leasing to quickly build accurate segmented lists. Customer lists are generated from an analytical perspective -- size of customer, the customer's buying pattern, industry sector, and geography -- or from the sales teams' perspective, using their customer knowledge. This information is then used as the foundation for direct mail campaigns, telesales campaigns, and event invitations.

 

About Deutsche Leasing

 

As a non-manufacturer-owned all-purpose leasing company, Deutsche Leasing AG's primary focus is on movable asset leasing in the IT, communications, automotive, industrial equipment, and energy market sectors. The company belongs to Sparkassen-Finanzgruppe, one of Europe's largest financial services groups, and employs 1,200 people throughout Germany.

 

About Siebel Systems

 

Siebel Systems, Inc. is a leading provider of eBusiness applications software, enabling corporations to sell to, market to, and serve customers across multiple channels and lines of business. With more than 3,500 customers worldwide, Siebel Systems provides organizations with a proven set of industry-specific best practices, CRM applications, and business processes, empowering them to consistently deliver superior customer experiences and establish more profitable customer relationships. Siebel Systems' sales and service facilities are located in more than 28 countries.

 

CONTACT:

 

Siebel Systems, Inc.

Shelley Knowlton, 650/477-4119

sknowlton@siebel.com

SOURCE: Siebel Systems, Inc.

[Headlines] 

 

#### Press Release #############################################

 

MicroBilt Launches New Online Collections Service Through CreditCommander.com

 

 

KENNESAW, Ga.--

 

Innovative Collection Solution Debuts as Add-On to

 

CreditCommander.com, Designed to Shorten Collection Cycle

 

MicroBilt Corporation, leading online provider of credit bureau reporting has announced the release of their new Online Collection Service at www.CreditCommander.com, now one site offering both credit and collection services.

 

Over 30,000 users have relied on CreditCommander.com for delivering online instant credit reports and can now rely on the same site to collect their outstanding uncollected debt.

 

MicroBilt has added the online collection service to provide greater value to their customers and the CreditCommander.com web site. The online collections service is yet another tool for decreasing costs, increasing available time to develop new business and improve risk management. Whether the customer has one account that needs collection or thousands, they can begin the collection process immediately, shortening the collection cycle with greater chances of full payment. Through both early and late stage collection efforts, MicroBilt uses highly effective people, technology and collection techniques to recover past due receivables.

 

CreditCommander.com customers have the option of entering their collection accounts online, importing a file or sending hard copies to MicroBilt for manual upload. Once uploaded, customers can then manage their collection accounts online by verifying balances, monitoring account activity and reporting direct payments made by their customers. Fees are charged only when collection results are successful. Uncollected balances are reported to the credit bureaus.

 

CreditCommander.com, the first online credit reporting site to provide access to all credit reporting bureaus and provide multi-user access, was launched back in 2000. MicroBilt has continued to upgrade the site with new releases monthly and now includes feature functionality such as tri-merge reporting, import-export web enabled batch processing, security features that limit usage by designating specific IP addresses, time and day per user and a social security search to eliminate duplicate reports saving money on excessive report pulls.

 

In a recent survey, 98% of CreditCommander.com customers reported they were 'extremely satisfied' with the overall performance and functionality of the site. In addition, the survey indicated that customers would like to see online collection services added to the functionality of the site. The addition of the collections service is just the beginning of how MicroBilt plans to automate data source access more intelligently to meet the needs and requests of their customers.

 

"In response to customer interest and demand, it only made sense for us to add the collection service for our users to access online through CreditCommander.com," said Ken Hill, President of MicroBilt Corporation. "If you have customers pulling credit reports, more than likely you have customers incurring some outstanding debt and need assistance with collection efforts." According to Hill, "MicroBilt's goal with CreditCommander.com is to continually meet the demands of our growing client base by making it easier and more efficient for users to do their jobs. This collection tool creates an easy online solution for credit areas to collect outstanding debt."

 

As credit and collections issues have come to the forefront with the weakened economy, companies of all sizes and industries are looking for ways to minimize risk and maximize collection efforts. Through CreditCommander.com, MicroBilt provides end-to-end credit, first and third party collections services and is the credit professional's single source for driving smart business decisions and risk management.

 

About MicroBilt:

 

MicroBilt, a division of Bristol Investments, Ltd., is a leader in credit bureau data access and retrieval, providing credit and collection solutions to industries including Financial Services, Rental or Leasing, Health Care, Insurance, Law Enforcement, Education and Utilities. MicroBilt is certified through and provides interfaces with the three consumer bureaus, Equifax (NYSE:EFX), Experian (London Stock Exchange: GUS) and Trans Union and the two commercial bureaus, D&B and Experian Business. Bureau data is available via Internet web access, a systems integration tool kit, dedicated terminals and dial-up software. Automated online decisioning tools are also available through www.FIData.com and www.CreditCommander.com. Private company information along with knowledge-based analytical tools and information services is available through Integra Information, a division of MicroBilt. The company also enables web sites to enhance their content offerings by delivering a CreditCommander.com or FIData.com co-branded site to their established online communities. Formerly a First Data Corporation subsidiary (NYSE:FDC), MicroBilt Corporation maintains offices in Georgia and New Jersey. For more information, contact MicroBilt Corporation, 1640 Airport Road, Suite 115, Kennesaw, GA 30144. Telephone: 1-800-884-4747. Or visit their website at www.microbilt.com.

 

CONTACT:

 

MicroBilt Corporation

Kathleen Houseman, 770/218-4681

Mobile: 770/241-6968

Kathleen_Houseman@microbilt.com

www.microbilt.com

[Headlines] 

 

#### Press Release ############################################

 

Orion Announces EndorseIt - Signature Capture Software; Easy to use Adobe Acrobat Plug In for Live Signing Documents

 

 

DANVERS, Mass.----As the leading provider of legally binding "live" electronic signature capture solutions, Orion is pleased to announce the release of EndorseIt, an Adobe Acrobat plug in module targeting customers creating PDF documents that require 'live signing' capability. While in its premier release as an independent solution, EndorseIt has long been a key component of Orion's leading OnlineContracts software, a secure signature capture solution in use in millions of retail, financial and government transactions daily, which allows customers to create and sign legally binding contracts using their own unique applications in their specific environment.

 

EndorseIt is a commercial, off the shelf (COTS) plug in module that allows customers to securely hand sign Acrobat documents. Using the same advanced security technology in use in Orion OnlineContracts, including PKI, digital signatures, encryption, and Orion's patent pending security technology, EndorseIt creates a signed, tamperproof and irrefutable original document, including the original look and feel and permanent signature.

 

Like Orion OnlineContracts, EndorseIt adheres to all E-sign, UETA and UCC legal requirements for capturing documents and signatures in a legally binding, 'contractual' environment. This includes secure signing sessions and a complete audit trails for signed documents. The audits trails include not only who signed the document, the required reason for signing, but also information on where and when it was signed. Once signed, the signature is permanently embedded in the document, and neither the document nor the signature can be modified in any way or the signature becomes invalid. EndorseIt, like all Orion signature capture solutions fits seamlessly in with all of our customers 'business critical' processes and allows them to maintain these existing transaction processes as is.

 

Founded in 1991, privately held Orion Systems, Inc. is a leading provider of secure, enterprise class electronic signature capture solutions to traditional 'pen and paper' industries, including retail, leasing, and financial applications. Through thousands of installation worldwide, including at customers like Hertz, Burlington Coat and others, Orion's software is used in millions of commercial, government and financial business critical transactions daily. For more information, please visit our website at www.orisys.com

 

The Orion Logo, EndorseIt, and OnlineContracts are all registered trademarks of Orion Systems, Inc. All other trademarks referenced herein are the property of their respective holders.

 

CONTACT:

 

Orion Systems, Inc.

Dawn-Marie Nelson, 978/777-4747 x2100

dmnelson@orisys.com

[Headlines] 

 

########## Press Release #####################################

 

MB Financial Completes Sale of Abrams Centre National Bank

 

CHICAGO and DALLAS---MB Financial, Inc. (NASDAQ:MBFI), announced today that it has completed the sale of Abrams Centre Bancshares and its only subsidiary, Abrams Centre National Bank, N.A., located in Dallas, TX, to Prosperity Bancshares, Inc. (NASDAQ:PRSP). Agreement on the transaction valued at $16.3 million was originally announced in early February.

 

The announcement was made jointly by Mitchell Feiger, President and CEO of Chicago-based MB Financial, and David Zalman, President and CEO of Houston-based Prosperity.

 

The divestiture of Abrams Centre National Bank allows MB Financial, with $4.2 billion in assets, to concentrate its resources on its core commercial and consumer banking operations located primarily in the Chicago metropolitan area operating as MB Financial Bank, N.A.

 

MB Financial Bank has experienced consistent and continuous growth in both its commercial and consumer banking categories. MB Financial has 35 locations in the Chicagoland area.

 

"We are focusing our capital investment in the Chicago area where we have excellent opportunities for growth and expansion," Feiger said.

 

MB Financial has been an active acquirer in the Chicago area during the past several years. MB Financial recently completed the acquisition of South Holland Bancorp, Inc., and its principal operations -- South Holland Trust & Savings Bank (South Holland Bank) and Vision Investment Services, Inc. In 2002, MB Financial acquired the First National Bank of Lincolnwood (Illinois) and LaSalle Systems Leasing, Inc.

 

MB Financial, Inc., a Chicago-based financial holding company, is the parent of MB Financial Bank, N.A., and Union Bank, N.A. (Oklahoma) and has been delivering competitive, personalized service for more than 90 years.

 

MB Financial Bank is a leader among Chicago area banks and concentrates on serving the needs of privately owned, middle-market businesses as well as individuals who live and work in the metropolitan area. More information about the company can be found on the web at www.mbfinancial.com.

 

 

CONTACT:

MB Financial, Inc.

Karen Perlman, 312/633-0260

 

kperlman@mbfinancial.com

or

Minkus & Pearlman

Raymond Minkus, 847/509-5777

rdm@minkuspr.com

[Headlines] 

 

### Press Release #############################################

 

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Americans Taking Few Measures to Reduce Credit Card Debt

 

U.S. BANKER WEEKLY BULLETIN

Half of all Americans have credit card debt, yet one third of debtors have taken no steps beyond monthly payments to reduce it in the past 18 months, according to a new survey conducted for lawyers.com by market researchers Harris Interactive.

 

The survey probed American attitudes about and behavior towards their credit card debt. Fifty-four percent say their debt simply doesn't concern them at all.

 

Even those with the most credit card debt¾ over $20,000¾ tend to feel relatively comfortable with their debt levels.

 

Despite the inertia, 64 percent of all credit card debtors believe they will be out of debt in one year or less.

 

Forty three percent said they had made efforts to reduce monthly expenditures in the past eighteen months; 28 percent had transferred credit card balances to lower interest rate cards and 13 percent had contacted creditors to negotiate reduced interest rates or payment plans in the past eighteen months.

[Headlines] 

 

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News Briefs---

 

3COM to Leave Santa Clara, Many Empty Buildings

http://www.bayarea.com/mld/mercurynews/business/5795723.htm

 

Cisco posts higher profit but sees flat sales

http://www.bayarea.com/mld/mercurynews/business/5799842.htm

 

US financial services firms plan to send more work abroad

http://www.boston.com/dailyglobe2/126/business/Passage_to_India+.shtml

 

San Francisco weighs harnessing tides below Golden Gate for electricity http://www.boston.com/dailynews/126/technology/UPDATE_1_San_Francisco_weighs_:.shtml

 

Study in Hong Kong Suggests a Higher Rate of SARS Death

http://www.nytimes.com/2003/05/07/science/sciencespecial/07INFE.html

 

In case you missed this one:

Saddam son took $1 bln from Iraq vaults- NYTimes http://www.boston.com/dailynews/126/technology/Saddam_son_took_1_bln_from_Ira:.shtml

[Headlines] 

 

 

Highlights Day in American History

    1700-The population of the colonies was sparsely scattered over the large area of the colonies with poor roads and communications. Below the Delaware River, an isolated farm was the usual settlement, save for Charleston, which had about 250 families. Philadelphia had approximately 700 houses, New York about 5,000 inhabitants, Newport less than 2000, and Boston, the largest city, 7000. There were approximately 275,000 inhabitants in the colonies.

    1700—William Penn beings monthly meetings for Blacks advocating emancipation. http://xroads.virginia.edu/~CAP/PENN/pnintro.html http://www.2020site.org/penn/

    1789-Celebrating the inauguration of George Washington, the first Presidential Inaugural Ball was held at New York, NY., the Assembly Rooms, on the east side of Broadway, a little way north of Wall Street. A medallion portrait of President George Washington in profile on a fan was presented as a souvenir to the ladies.

    1818- Juliet Ann Opie Hopkins birthday - Although she actually did the job of supervising the Chimborazo Hospital during the Civil War, her husband got the title of hospital supervisor (and the money) because the Alabama legislature refused to recognize a women in any professional capacity. She actually went onto the battlefields to minister to the Confederate wounded and was wounded herself. She was buried with full military honors at Arlington National Cemetery.

http://www.arlingtoncemetery.com/jhopkins.htm

http://www.mindspring.com/~redeagle/Oakwood/Hopkins.htm

    1864—Until May 20th, General Grant continued to hammer at General Lee’s waning forces; known as the Spotsylvania campaign. After the Wilderness, Grant’s and Meade’s advance on Richmond by the left flank was stalled at Spotsylvania Court House on May 8. This two-week battle was a series of combats along the Spotsylvania front. The Union attack against the Bloody Angle at dawn, May 12-13, captured nearly a division of Lee’s army and came near to cutting the Confederate army in half. Confederate counterattacks plugged the gap, and fighting continued unabated for nearly 20 hours in what may well have been the most ferociously sustained combat of the Civil War. On May 19, a Confederate attempt to turn the Union right flank at Harris Farm was beaten back with severe casualties. Union generals Sedgwick (VI Corps commander) and Rice were killed. Confederate generals Johnson and Steuart were captured, Daniel and Perrin mortally wounded. On May 21, Grant disengaged and continued his advance on Richmond. While considered inconclusive as there were no winners,

Lee did not stop Grant's march toward Richmond and the overall plan to cut off supplies to troops from all ports. Grants 100,000 troops met Lee's 52,000 and the Northernpoliticians were not happy there was not a victory. The causality count for the Union Army was 18,000 and the Confederate: 12,000. With little money,

no support from Europe, ports from Texas, Louisiana, Florida, and going up

the coast being captured by the North, including Mississippi, what little

supplies could not reach the dwindling number of soldiers. Almost 1/2 of Confederate soldiers were wounded, captured, killed, or died from disease.

By war's end, over 2,000,000 volunteers had joined the Union army. Of the 425 Confederate generals, 146 were graduates of West Point.Almost 1/3 of US Army officers resigned to serve the Confederacy. In reality, the Southern army was ill-equipped, had limited supplies ( even shoes as many found dead at Gettysburg were shoeless), and was greatly outnumbered. In addition, many were not

in favor of slavery controlled mostly by large plantation owners. The issue

to secede was controversial in many Southern states.

    1878-African-American Joseph R Winters patents the mobile fire escape to be placed on “fire engine trucks.” http://www.ncat.edu/~childres/fireescape.html

    1892-birthday of Archibald MacLeish, American poet and Librarian of Congress (1939-44), born at Glencoe, IL. MacLeish, who was also a playwriter, Pulitzer Prize winner, editor, lawyer, professor and farmer, died at Boston, MA, April 20, 1982. http://memory.loc.gov/ammem/today/may07.html

    1894- pioneer country musician George Riley Puckett was born in Alpharetta, Georgia. Puckett was one of the most popular hillbilly singer- guitarists of the 1920's and '30s. He was the first hillbilly artist to yodel on record - he did so at his debut session in 1924. Puckett was a member of the Skillet Lickers, the best-known hillbilly band of the period.

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

http://www.musicweb.uk.net/encyclopaedia/p/P125.HTM

    1901-birthday of Gary Cooper, Frank James Cooper, Helena, MT. He changed his name to Gary at the start of his movie career. He is best known by baseball fans for his portrayal of Lou Gehrig in The Pride of the Yankees. Other films included Wings, The Virginian, The Plainsman, Beau Geste, Sergeant York ( for which he won this first Academy Award), High Noon ( winning his second Oscar for best actor ), the Court Marital of Billy Mitchell and Friendly Persuasion. He died May 13, 1961, at Hollywood, CA. http://themave.com/Cooper/

http://www.coopandpapa.com/coopandpapaalt/home.htm

    1915-Birtish passenger liner Lusitania on its return from New York to Liverpool, carrying nearly 2,000 passengers, was torpedoed by a German submarine off the coast of Ireland, sinking within minutes. 1,198 lives were lost. U.S. President Wilson sent note of protest to Berlin on May 13, but Germany, which had issued warnings in advance, pointing to Lusitanai’s cargo of ammunition to Britain. US maintained “neutrality” for the time being. http://memory.loc.gov/ammem/today/may07.html

    1922- Darrin McGavin Birthday Darrin McGavin is perhaps best known in the movies for his role in “Man with the Golden Arm, “ and for the first television series, “Mickey Spillane’s Mike Hammer” but is perhaps remembered for his short lived series as a reporter named “Kolchak” on the “Night Stalker.”

    1922-birthday of pianist Roy Hall, Big Stone Gap, VA

    1926-tenor saxophone Herbie Steward born, Los Angeles, CA.

    1926-birthday of drummer Kansas City Red ( Arthur Stevenson), Drew, MS

    1931-1931- 1950's pop vocalist Teresa Brewer was born in Toledo, Ohio. She was a radio star on the "Amateur Hour" at the age of five, and was only 19 when she had her first million-seller, "Music, Music, Music," in 1950. Her other million-selling hits in the pre-rock 'n' roll era included "Till I Waltz Again With You," "Ricochet" and "Let Me Go Lover

http://members.aol.com/teresafans/teresa.html

    1933-birthday of John Constantine ( Johnny) Unitas, pro Football Hall of Fame quarterback, born Pittsburgh, PA. http://www.johnnyunitas.com/jufc.html

    1941 - Glenn Miller records, "Chattanooga Choo Choo" ( Bluebird). http://www.mamarocks.com/chattanooga_choo_choo.htm http://www.parabrisas.com/m_millerg1.html

    1941-Tenor Sax player Paul Quinchette birthday http://www.vh1.com/artists/az/quinichette_paul/bio.jhtml

    1943-birthday of Thelma Houston, Leland, MS http://www.soulwalking.co.uk/Thelma%20Houston.html http://www.bookingentertainment.com/Thelma_Houston_homepage.html

    1943-The Liberty Ship George Washington Carver launched. http://ssbn656.20m.com/liberty_frighter_gwc.html http://inventors.miningco.com/library/weekly/aa041897.htm

    1945 - Baseball owner Branch Rickey announced the organization of the United States Negro Baseball League, consisting of six teams. http://memory.loc.gov/ammem/jrhtml/branch.html

http://lcweb2.loc.gov/ammem/jrhtml/davis.html http://creativequotations.com/one/1492.htm

    1945- Russian, American, British and French ranking officers crossed into a second-floor recreation room of a small red brick schoolhouse ( which served as General Eisenhower's headquarters ) at Reims, Germany. Representing Germany, Field Marshal Alfred Jodl signed an unconditional surrender of all German fighting forces. After a signing that took almost 40 minutes, Jodl was ushered into Eisenhower’s presence. The American general asked the German if he fully understood what he had signed and informed Jodl that he would be held personally responsible for the any deviation from the terms of surrender, including the requirement that German commanders sign a formal surrender to the USSR at a time and place determined by that government.

http://www.nytimes.com/learning/general/onthisday/big/0507.html#article

    1946-William H. Hastie is inaugurated as the first Black governor of the Virgin Island. http://www.tnstate.edu/library/digital/hastie.htm

    1947-The first regularly scheduled television drama was “Kraft Television Theater, “ telecast on the National Broadcasting Company’s network form May 7, 1947 to October 1,1958, from 7:30pm to 8:30PM. The program ran for eleven years, during which time it present 650 plays that required 5,236 sets and the participation of 3,955 actors. The first drama was “ Double Door,” starring John Baragrey. The shows were live.. Among the playwrights getting their big breaks were: Rod Serling, Paddy Chayefsky and Tad Mosel. Some of the show’s most notable plays included: “ the Easy Mark” (1951) with Jack Lemmon,” Double Ivory” (1953) with Lee Remick, “ To Live in Peace(1953) with Anne Bancroft,” “The Missing Years,”(1954) with Anthony Perkins and Mary Astor, “ Alice in Wonderland” (1954) with Robin Morgan, Art Carney, Edgar Bergen and Charlie McCarthy,” and “ A Profile in Courage,”(1956) with our neighbor on Latimer Road in the Pacific Palisades James Whitmore. The last play was based on a book by Senator John F. Kennedy, who also appeared on the program to introduce the drama. http://www.mbcnet.org/ETV/K/htmlK/krafttelevis/krafttelevis.htm

    1951-one of television’s earliest popular game shows “Strike It Rich” premiered. The downtrodden and the poverty-stricken showed up on this game show to tell their sob stories. Whoever received the most votes from the studio audience was declared the winner The losers were able to receive help form sympathetic viewers through a telephone “heart line.” Warren Hull hosted the program. The show got in trouble with the New York City Welfare Department in 1954 when 55 of the show’s hopeful contestants remained in New York and sent on welfare.

    1950-Tim Russert born Buffalo, New York ( “Go Bills!!!)

http://www.msnbc.com/onair/bios/t_russert.asp

    1951- Janis Ian birthday, U.S. singer and songwriter won the 1975 Grammy when she sang so poignantly of her alienation "At Seventeen." Later she came out of the closet as a lesbian and the lyrics of the song were poignantly illuminated. She became a columnist for The Advocate magazine.

http://www.janisian.com/

http://www.nauticom.net/www/hyperguy/janis.html

http://www.siliconvalley.com/mld/siliconvalley/3914595.htm

    1951 - Russia was admitted to participate in the 1952 Olympic Games by the International Olympic Committee.

    1954- Vietnam’s victory over France at Dien Bien Phu ended the Indochina War. This battle is considered one of the greatest victories won by a former colony over a colonial power. It is said that General Eisenhower was

the first president to authorize U.S. military action following Dien Bien Phu’s

fall from power.

    1958 - Pianist Van Cliburn signed an artist’s contract with RCA Victor Records.

    1959---Top Hits

Come Softly to Me - The Fleetwoods

The Happy Organ - Dave ‘Baby’ Cortez

Sorry (I Ran All the Way Home) - The Impalas

White Lightning - George Jones

    1959 - 103 fans packed the LA Coliseum for an exhibition game between the Los Angeles Dodgers and the New York Yankees. Sandy Koufax pitched for the Dodgers. It was Roy Campanella Night. The star catcher for the Dodgers, paralyzed in an automobile accident, was honored for his contributions to the team for many years. A three time Most Valuable Player in the National League, Campanella was permanently paralyzed in an automobile accident in December, 1958. The evening’s ceremonies preceded the game, won by the Yankees, 6-2.

    1966 - The Mamas and The Papas made the climb to the top of the "Billboard" pop music chart with "Monday, Monday". For three weeks "Monday, Monday" stayed at the top of the pop music world. The tune was the second hit by the group -- just two months after their first, "California Dreamin’". These two songs would be the only number one hits for the group, though they made it to number two with "Dedicated to the One I Love".

http://www.angelfire.com/ma2/mamasandpapas/

    1967—Top Hits

Somethin’ Stupid - Nancy Sinatra & Frank Sinatra

The Happening - The Supremes

Sweet Soul Music - Arthur Conley

Need You - Sonny James

    1972-After trying and failing seven time since moving from Minneapolis in 1960, the Los Angeles Lakers won their first NBA championship, defeating the New York Knicks, 114-100., to win the series, four games to one. As the Minneapolis Lakers, the team had won five titles, the last one coming in 1954.

    1975---Top Hits

He Don’t Love You (Like I Love You) - Tony Orlando & Dawn

Before the Next Teardrop Falls - Freddy Fender

Chevy Van - Sammy Johns

Roll on Big Mama - Joe Stampley

    1982-A federal jury decided that the National Football League was in violation of antitrust laws when it attempted to prohibit the Oakland Raiders from moving to Los Angeles. The Raiders, an original team in the American Football League, played in Oakland from 1960 through 1981, and in Los Angeles form 1982 through 1994 after which they returned to Oakland. Owner Al Davis is still suing everyone, this time for broker promises made to get them to return. Rumor is he wants to go back to Los Angeles, and perhaps a Super Bowl win may be the key to see the Raiders stay or they leave.

    1983---Top Hits

Beat It - Michael Jackson

Jeopardy - Greg Kihn Band

Let’s Dance - David Bowie

Jose Cuervo - Shelly West

    1985 - The Edmonton Oilers set a National Hockey League record for playoff wins (12). Edmonton won its second Stanley Cup with a 7-3 win over the Chicago Black Hawks.

1987 - Shelly Long made her last appearance as a regular on the popular “Cheers” TV show. http://s9000.furman.edu/~ejorgens/cheers/top.html

    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

    1988-Winning Colors, ridden by Gary Stevens, became the third filly and the first roan to win the Kentucky Derby. Forty Niner finished second, and Risen Star was third.

    1991---Top Hits

Baby Baby - Amy Grant

Joyride - Roxette

I Like the Way (The Kissing Game) - Hi-Five

Rockin’ Years - Dolly Parton with Ricky Van Shelton

    1992-the 27th amendment to the Constitution was ratified, prohibiting Congress from giving itself midterm pay raises.

    1994- 1,322 guitarists, led by Randy Bachman, gathered in Vancouver to play Bachman-Turner Overdrive's "Takin' Care of Business" for 68 minutes and 40 seconds. The outdoor strumathon set two world records - the greatest number of guitarists and the longest mass guitar jam session.

http://www.randybachman.com/index.php?choice=1

    1998—Top Hits

Too Close- Next

My All- Mariah Carey

You re Still The One- Shania Twain

Everybody [Backstreet s Back]- Backstreet Boys

    2002—Top Hits

Foolish- Ashanti

Murder Inc.-Def Jam 13

What's Luv?- Fat Joe Featuring Ashanti

I Need A Girl (Part One)- P. Diddy Featuring Usher & Loon

U Don't Have To Call- Usher

 

NBA Finals Champions This Date

 

1972-- Los Angeles Lakers

 

[Headlines]  

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Special Report on Finance, Leasing & Credit Card Company Stats

 

http://www.fitchratings.com/corporate/reports/report.cfm?rpt_id=171674

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[Headlines] 

 

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