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Hello, Charlie Lester!!!

Thursday, May 29, 2003 

Headlines---

 

Classified Ads---Attorneys Who Specialize in the Leasing Industry

    River City Joins the RW Professional Fray--but Sues Crawford

        What the Bush Tax Bills Means for Equipment Leasing

            Classified Ads-Help Wanted

                Equipment Leasing Software---Cyence added

                    Will it Float or Will it Sink?

                        Bette Kerhoulas on UAEL Conferences

                    Classified Ads-Jobs Wanted----80 jobs wanted

                National Vehicle Leasing Association names Tarry Shebesta

            News Briefs---

    Sports Briefs---

Highlights This Day in American History

 

 

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

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

after June 1, 2003 $59.95 year annual subscription to new subscribers

 

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

 

Yes, 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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Classified Ads---Attorneys Who Specialize in the Leasing Industry

 

 

Los Angeles, Statewide: CA. "ELA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly basis. email:RGarwacki@prodigy.net

 

NY Metro and National: Hackensack, NY

Attorney specializing in equipment lease matters for at least 10 years with a 50-State operating network of attorneys experienced in leasing matters. Email:wuscher@uqur.com "ELA"

National: http://www.leaselawyer.com/

 

Northern California - Statewide: CA "EAEL" "ELA" San Francisco expertise at San Rafael, CA prices; practice limited to equipment leasing and finance with 22 years experience, testimonials. Ken Greene, Esq. 415-721-7900 kgreene100@aol.com

 

Full staff of attorneys and legal assistants work with Group Leader Barry S. Marks to ensure prompt, cost-effective responses to client needs: Email:bsm@blik.com

[Headlines

 

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River City Joins the RW Professional Fray--but Sues Crawford

 

by Mark Anderson, Staff Writer, Sacramento Business Journal

 

http://www.utdallas.edu/police/wavs/glock.wav

 

River City Bank, Sacramento( state capital of California,) is suing a New York company that sold it $1.3 million in medical equipment leases, some of which turned out to be bogus.

 

The company that supposedly owned the equipment is at the center of what investigators call an elaborate ruse that scammed banks across the country out of perhaps $200 million.

 

Federal agents last year raided the New York offices of RW Professional Leasing Corp., which they accuse of using a string of mailboxes, fake documents and fraudulent financial histories to further a scheme to defraud banks on brokered leases.

 

River City Bank bought some of that company's leases two years ago through an intermediary, Crawford & Sons Ltd., and it is suing Crawford and other unnamed defendants for fraud, negligence and breach of duty. It accuses Crawford of making representations about the quality and safety of the investments that were either outright false or had never been verified.

 

In its complaint, filed in Sacramento Superior Court late last month, River City Bank asked for reimbursement and punitive damages from Crawford & Sons, a Fayetteville, N.Y.-based company that brokers secondary-market financial transactions. When companies that lease medical equipment, finance auto or mortgage loans, or provide other financial services need to unload some of their notes to free up cash, Crawford finds investors such as River City Bank to buy the paper.

 

No one from Crawford & Sons was available for comment. The bank's attorney, Stephen Johanson, also declined to discuss the suit. (Note: Crawford has a suit

along with several other community banks against RW Professional and also has named Bank of New York, as reported in Leasing News in earlier editions. editor)

 

Bank of New York Co., which according to River City's lawsuit was supposed to have set up an escrow account for payments on the leases but never did so, is also under investigation in connection with the alleged fraud. The New York bank said in regulatory filings this month that it and some of its employees are being investigated, and that two civil lawsuits have been filed against the bank seeking a total of $46 million.

 

Guarantees and forgeries: According to River City Bank's complaint, filed April 23, Crawford solicited River City Bank in March 2001 to fund RW's medical equipment leases. Crawford allegedly said all its leases were with licensed medical professionals who put a personal guarantee on any lease.

 

Crawford further characterized the leases as very strong credits, rated at either A or B, which is considered investment grade, the suit said. Crawford also allegedly told River City that the medical equipment had been delivered to the medical offices.

 

Crawford's client was Island Park, N.Y.-based RW Professional Leasing. RW Professional did make some leases, but it also had a number of fraudulent schemes going, according to a federal indictment in the New York Eastern District Federal Court.

 

In June 2002, 40 federal agents raided the headquarters of RW Professional. Prosecutors were investigating a nationwide bank fraud with total losses estimated at $200 million. The indictment states RW Professional created a number of elaborate schemes -- and used perhaps 100 rented mailboxes coast to coast -- to send phony checks, fake leases and bogus invoices to banks in various states.

 

Based on those documents and verifications, banks and brokers were persuaded to lend RW Professional millions of dollars, investigators said. The four principals of RW Professional Leasing were arrested last June. The investigation continues, said agents with the FBI in New York.

http://www.utdallas.edu/police/wavs/mibfbi.wav

 

River City Bank funded five leases made by RW Professional totaling nearly $1.3 million; the largest was for $412,638 and the smallest for $187,318.

 

Old reliable ... usually: Equipment leases are generally seen as a good buy for a bank because the equipment itself often helps generate income for a medical office, so the doctor has incentive to keep the equipment and stay current on payments.

 

But even the best underwriting flies out the window when there's fraud involved. If the leasing company is cooking the books and creating leases and customers, all of its leases can look good on paper.

 

The schemes used by RW Professional included multiple loans from different banks for a single piece of medical equipment, loans for equipment that was never purchased or leased, and even loans to doctors who don't exist, River City and investigators allege.

 

The indictment includes some forfeiture allegations where the government sought to impound assets of RW Professional. The investigation continues, as does the search for other assets of RW Professional, said sources with the FBI and the U.S. attorney's office.

 

River City's executives didn't comment on the suit against Crawford or the circumstances of the fraud.

 

The bank did write off nearly $1 million at the end of last year, according to the bank's filings with the Federal Deposit Insurance Corp., but the reason for the write-off wasn't stated. That amount could represent most of the money lost in the scam.

 

River City could get recovery from Crawford, from Crawford's insurance company or even from the money recovered by the government. Neither RW Professional nor Bank of New York was listed as a defendant in the lawsuit, but the complaint includes "John Doe" defendants, a move which allows changes if new evidence identifies other responsible parties.

 

 

(Crawford & Sons along with many community banks are also suing RW Professional, as is American Express Business Finance, and it is reported there are several smaller suits being brought against the company. For previous stories, please go here:

 

http://www.leasingnews.org/Conscious-Top%20Stories/RW_stories.htm )

 

[Headlines

 

 

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What the Bush Tax Bills Means for Equipment Leasing

 

GROWTH INCENTIVES

 

Bonus Depreciation - The 30% bonus depreciation increases to 50% for property:

a) Acquired by the taxpayer after May 5, 2003 and before January 1, 2005, as long as there was not a written binding contract in effect before May 6, 2003,

b) The original use is with the taxpayer,

c) The property is placed in service by the taxpayer before January 1, 2005, (property found in §168(k)(2(B) has a January 1, 2006 date), and

d) The taxpayer makes an election to use this 50% instead of the 30%.

The 30% bonus depreciation still exists for those taxpayers that prefer to use it instead of the 50%.  Taxpayers may elect on a class-by-class basis to claim 30% instead of 50% bonus first-year depreciation for qualifying property, or elect not to claim bonus first-year depreciation at all.

 

Automobiles have a first year depreciation/§179 limitation of $7,650 plus the normal limitation if the taxpayer elects the 50% bonus depreciation. (This limitation remains at $4,600 plus the normal limitation if the taxpayer uses the 30% bonus depreciation and at the normal limitation if the taxpayer elects out of the bonus depreciation entirely.)

The 30% bonus depreciation rules are changed by replacing the September 11, 2004 deadline with January 1, 2005.

This provision is effective for tax years ending after May 5, 2003.

 

Increased §179 Expense Limits - The expensing limit is increased to $100,000 for tax years beginning after 2002 and before 2006. The maximum purchases before the phase-out increases to $400,000 for these same years. These amounts are indexed for inflation in $1,000 increments.

Off-the-shelf computer software is now eligible for the §179 expensing election starting with tax years beginning after December 31, 2002.

The §179 election can now be irrevocably revoked for any tax year beginning after 2002 and before 2006. In other words an election to use §179 can be revoked to not use it, but the taxpayer can not elect back in after making the election and revoking it. Once you are using §179, you can undo it but can't redo it.

There is no sunset provision for this portion.

 

REDUCTION IN TAXES ON DIVIDENDS AND CAPITAL GAINS

 

Under current law, an individual's adjusted net capital gain generally is taxed at a maximum rate of 20% (10% if it would otherwise be taxed at 10% or 15%) for regular tax and AMT purposes.

 

Adjusted net capital gain is net capital gain (net long-term capital gains exceeding net short-term capital losses) less 28% rate gain (affecting collectibles and certain small business stock) and less 25% rate gain (generally, gain representing depreciation claimed on MACRS realty).

 

Gain from property held more than five years that would otherwise be taxed at 10% is taxed at 8%, and gain from property held more than five years and the holding period for which begins after 2000, which would otherwise be taxed at 20%, is taxed at 18%.

 

Dividends received by an individual currently are taxed as ordinary income at rates up to 38.6% (for 2003).  Under the new law . . .

 

Individual Capital Gains Tax Rate Decreases - The 10% rate decreases to 5% (0% in tax years beginning after 2007).

 

The 20% rate decreases to 15%. The tax computation for years that include May 6, 2003 will be similar to the 1997 computation.

 

Gains prior to May 6, 2003 will normally be taxed at the then existing rates and only new gains will be taxed at the new lower rates.

The Alternative Minimum Tax adjustment for the §1202 exclusion decreases from 42% to 7%, effective with dispositions after May 5, 2003.

These rules are effective for taxable years ending after May 5, 2003.

 

Dividends Tax Rate Decreased - Dividends will be combined with the taxpayer's net capital gain and will be taxed at the rates described above for capital gains. Qualified dividends include those received during the current year from domestic corporations and certain qualified foreign corporations.

There are special provisions and exceptions.

Dividends that are not eligible include:

a) Dividends paid from a corporation that was exemption under §§501 or 521 for the payment year or the preceding year,

b) Dividends described in §404(k),

c) Dividends allowed as a deduction under §591 (dividends paid by mutual savings banks), and

d) §246(C) with some modifications.

There are other restrictions that apply to REITs and RICs. Dividends will not be considered investment income for investment interest expense deductions unless the taxpayer elects to treat them as such (similar to the old capital gains provision).

Sunset Provision: These provisions sunset for tax years beginning after December 31, 2008.

The accounting, and in fact, the entire business community is waiting for

the final print out from the tax bill. We hope to give you the full facts

here at Leasing News. The opinions and interpretations we will leave

to the experts with history being the final judge.

 

 

[Headlines

 

 

Classified Ads—Help Wanted

 


"Telesales Reps
-Newton, MA/Nationwide. Integrity Leasing seeks reps to call on our Vendors and Lessee's. Should have at least two years experience structuring and CLOSING small/mid ticket transactions and Vendor programs, and bring A BOOK OF BUSINESS. Generous commissions, draw possible. Fax resumes to 617-641-9374 or email to markg@integrityleasing.com "


About the Company: www.integrityleasing.com


SALES--Territory Mgrs. needed. Small to lower- middle-market lessor. Unequaled backroom support. Lead generation. Bruce Larsen 877-333-5864, or, blarsen@leasingpartnerscapital.com



 


Senior Sales Representatives- Nationwide. AEF has aggressive pricing, products and programs to serve your Lessee and Vendor requirements. Work from your home while our Citrix server keeps you connected 24/7. Generous compensation and bonus for exceptional results. To become a representative please e-mail your credentials to: rbaccaro@aefllc.com.

[Headlines

 

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Equipment Leasing Software---Cyence added

 

http://www.leasingnews.org/elease/software.htm

 

 

 

Cyence International

Year Founded 2000

Number of Employees 65

CEO name Peter Hyne

Additional Services Offered

 

ExpressOSTM is an enterprise-wide software solution based on Microsoft's

.NET platform, providing end-to-end business process automation in the areas

of sales force automation, deal originations, transaction structuring,

credit adjudication, documentation and auditing for all types of commercial

and consumer financing transactions.

 

ISIS is a multi-tiered application suite built on the Windows operating

system platform. It consists of a client side application, ISIS Desktop

Client, a server side application, ISIS Data Engine, and an assortment of

specialized clients for interfacing with outside systems to support

functions such as Lease Accounting, Credit Scoring and UCC filing.

 

Yearly Volume: n/a

 

Major Clients: Pitney Bowes Global Credit Services, Volvo Commercial

Finance, VFC Inc., MTC Leasing Inc., Relational Funding, Comark an others.

[Headlines

 

Will it Float or Will it Sink?

 

http://www.utdallas.edu/police/wavs/nobadges.wav

 

Will HPSC get a major Dental account from Matsco via Anthony Chan?

 

Do you believe working capital loans for dentists and doctors will

be more difficult to obtain---everywhere?

 

Should you expect a major leasing company announcement from Houston, Texas soon?

 

Did American Express Business Finance put on hold Tom Depping’s offer to

buy furniture for his new venture into equipment leasing?

 

Does the American Express Business Finance $20,000,000 suit (yes, twenty million---Civil Docket 2:02-cv-04575-ADS) filed on August 19,2002 against RW Professional Leasing et al have anything to do with Tom Depping’s difficulty with Investment Bankers?

 

Is the trend that Super Brokers/Discounters are keeping more advance rentals

when they can’t find a funder a sign of “desperation?”

 

Do you believe it is true the father and son team who ran a major now bankrupt leasing company in Southern California are back in business leasing to Chiropractors?

 

Are the officers of Commerce Money Center back in the leasing business?

 

Will Leasing News publish its “insider” report on “The Tom Depping Memo”

on who knew what about the RW Professional Leasing portfolio performance?

 

http://www.utdallas.edu/police/wavs/DragnetJob.WAV

[Headlines

 

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****announcement**************************************

 

Bette Kerhoulas on UAEL Conferences

 

What a great time we had earlier this month at the United Association of

Equipment Leasing Spring Educational Conference (SEC) in the beautiful California desert at the Marriott Rancho Las Palmas Resort! The weather was wonderful, the venue was first class, and the food was fabulous.

 

Most important, however, was the spirit of those who were in attendance.

Our theme for the Conference was "Survival" - and there was evidence all

around us of exactly that. The participants were upbeat, ready to learn,

ready to share their experiences and their expertise, and ready to take on

whatever challenges these next few months and years in our industry will

bring. Our members are now better equipped because of what they were able

to glean from the "best and brightest" in our industry.

 

And now it's on to UAEL's major conference of the year, our Annual

Conference and Exposition (ACE). This convention will provide valuable

opportunities for one-on-one meetings between funding sources,

Broker/Lessors and service providers.

 

We anticipate over fifty (50) Exhibitors, most of whom have already registered and reserved their exhibit space. We'll also have valuable educational sessions, centered around finding and cultivating new funding relationships.

 

The venue is fabulous - and the room nights are very affordable.

 

Here are the details:

 

UAEL Annual Conference and Exposition (ACE)

October 9-11, 2003

Marriott Portland Downtown

Portland, Oregon

 

 

Mark down the dates today on your calendar. Check out the UAEL Website (www.uael.org) for additional information. Don't miss out. see you in Portland!

 

Take Care,

 

Bette Kerhoulas CLP

2003 UAEL President

bettek@pacifica-capital.com>

 

http://two.leasingnews.org/imanges_uael_wael/UAEL_Portland.jpg

****announcement**************************************

[Headlines

 

 

Classified Ads—Jobs Wanted----80 jobs wanted

 

( two found jobs since our last report; one with the help of our

classified ad. The other had calls, but found job through a friend

in the industry. )

 

http://65.209.205.32/LeasingNews/JobPostings.htm

[Headlines

 

 

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

 

National Vehicle Leasing Association names Tarry Shebesta, of Automobile Consumer Services, Inc., Director-at-Large

 

CINCINNATI----Tarry Shebesta, president of Automobile Consumer Services, Inc. (ACS), has been named Director-at-Large for the National Vehicle Leasing Association (NVLA). He will be in charge of the Electronic Communications Portfolio (committee). The NVLA provides educational opportunities, promotes responsible legislation and communicates with members regarding developments and trends in vehicle leasing.

 

Shebesta has numerous years of experience in the vehicle leasing industry, particularly in the fast changing technology area. He is currently involved in managing his firm's successful websites www.LeasCompare.com and www.FrontRowCars.com. He also serves as a leader in other industry organizations.

 

"The economy, legislation and technology are causing uncertainty in the vehicle leasing industry. I am honored to be part of the NVLA leadership that will educate and guide members through these changing circumstances," says Shebesta. "Cooperation and sharing knowledge certainly benefits us all."

 

About Automobile Consumer Services, Inc. (www.acscorp.com)

 

Based in Cincinnati, Automobile Consumer Services, Inc. (ACS) is a leading provider of consumer automotive services, including car buying and leasing, fleet resources, vehicle remarketing, and used vehicle sales.

 

Founded in 1989, ACS's mission is to provide services that enhance the experience of buying or leasing a car. ACS achieves this by leading the industry with innovative proprietary technology, superior customer service, and years of industry experience.

 

About National Vehicle Leasing Association (www.nvla.org)

 

NVLA provides educational opportunities, promotes responsible legislation and communicates with members regarding developments and trends in vehicle leasing. NVLA promotes the leasing concept while encouraging the highest ethical and professional standards.

 

CONTACT:

 

Automobile Consumer Services, Inc.

Tarry Shebesta, 513/527-7700, ext. 11

pr@acscorp.com

[Headlines

 

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

 

 

News Briefs---

 

Retail Sales Pace Picks Up, Hinting of Broader Rebound

and no further rate decrease

http://www.nytimes.com/2003/05/29/business/29ECON.html

 

Bush signs bill extending jobless benefits program through December

http://www.boston.com/dailynews/148/economy/Bush_signs_bill_extending_jobl:.shtml

 

American Tool closing two plants

http://www.boston.com/dailynews/148/economy/American_Tool_closing_two_plan:.shtm

 

(we reported yesterday housing prices up, but sales slow down on re-sales/

new home prices were up, but sales also down as reported the end of last week)

 

Durable goods fall 2.4 percent in April, fresh blow to manufacturers

http://www.signonsandiego.com/news/business/20030528-1452-economy.html

 

Surprise Jumps in Credit Rates Bring Scrutiny

http://www.nytimes.com/2003/05/29/business/29CRED.html

 

Price war makes notebooks worth buying

http://www.bayarea.com/mld/mercurynews/business/5962000.htm

Krispy Kreme Posts 48% Rise in Profit

http://www.nytimes.com/2003/05/29/business/29DOUG.html

 

Fed's Parry in Las Vegas says US economy still mired in soft patch

http://www.boston.com/dailynews/148/technology/UPDATE_3_Fed_s_Parry_says_US_e:.shtml

 

105 in Las Vegas Yesterday, 94 at Midnight

http://www.wunderground.com/cgi-bin/findweather/getForecast?query=las+vegas,+nv

 

Delaying the start of Social Security can pay off/

The more you wait, the bigger your payment
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/05/28/BU127884.DTL&type=business

[Headlines

 

Sports Briefs---

 

Bad boy Terrell Owens Skips Niners' Voluntary Camp

http://www.theredzone.org/news/showarticle.asp?ArticleID=66

 

Steelers sign draft picks Taylor, Wall

http://www.theredzone.org/news/showarticle.asp?ArticleID=65

 

[Headlines 

 

 

 

Highlights This Day in American History

 

    1736-Birthday of Patrick Henry, American revolutionary leader and orator, born at Studley, VA, and died near Brookneal, VA, June 6, 1799. Especially remembered for his speech (Mar 23, 1775) for arming the Virginia militia, at St. Johns Church, Richmond, VA, when he declared: “I know not what course others may take, but as for me, give me liberty or give me death.” It is not known if

Patrick Henry ever spoke these words. His biographer William Wirt made up

so many facts, the phrase is it “it is fact or is it Wirt” became a popular saying

among American historians. There is nothing recorded in Virginia or by

contemporaries who were there who make mention of this statement by Patrick

Henry. That also does not disapprove it, either, some historians note, as even his painting done sixteen years after he died by an artist who based the picture on a painting of Captain James Cook, whom Henry was said to resemble. Only later, when a genuine real-life miniature of Henry suddenly surfaced, was it discovered that Henry looked nothing like Cook, although that is the painting reproduced

in school history books and is taken to be Patrick Henry ( it is not.) Richard Shenkman, “Legends, Lies & Cherished Myths of American History.”

http://memory.loc.gov/ammem/today/may29.html

    1787- just five days after the Constitutional Convention met at Philadelphia, PA, the Virginia Plan” was proposed. It called for establishment of a new governmental organization consisting of a legislature with two houses, an executive (chosen by the legislature) and a judicial branch.

    1790- Rhode Island, the last of the 13 original states, ratified the Constitution . Known as the “ Ocean State” Named Italian Explorer Giovanni da Verrazano

http://www.lihistory.com/2/hs213a.htm http://www.lihistory.com/vault/hs215a1v.htm http://www.italianhistorical.org/verrazzano.htm noted that, the area we know as Rhode Island, looked about the size of the tiny Greek Isle of Rhodes. Rhode Island’s capital city is Providence. The violet is the state flower. Probably the most famous variety of chicken, the Rhode Island Red, is the state bird. http://visitri.com/

    1844--The first “ dark horse” presidential candidate was James Knox Polk. His name appeared for the first time on the eighth ballot at the Democratic convention in Baltimore, MD. On the ninth ballot, amid great confusion, the convention stampeded for him. http://www.whitehouse.gov/history/presidents/jp11.html

http://www.americanpresidents.org/presidents/president.asp?PresidentNumber=11

    1848- Wisconsin became the 30th state. The nickname is the Badger State. It is not named after the small animal, but the many lead miners in the grass lands who were called badgers in the early 1800’s. The land of lakes and large expanses of green gave name to Wisconsin’ Wisconsin, is thought to be the Chippewa Indian word for "grassy place".) The wood violet is the state flower. The robin is the state bird. Madison is the capital city. All this is quite elementary. However, Wisconsin’s nickname is the Badger State, but it is not named after the little animal, as you might have thought. It seems that the many lead miners in the Wisconsin grass lands in the     1830s were called -- badgers. http://www.wistravel.com/wisconsinhistory.htm

http://www.wisconsin.gov/state/core/wisconsin_state_symbols.html

(also the lower part of: http://memory.loc.gov/ammem/today/may29.html)

    1865- President Andrew Johnson issued a proclamation giving a general amnesty to all who participated in the rebellion against the US. High ranking members of the Confederate government and military and those who owned more than $20,000 worth of property were excepted and had to apply individually to the President for a pardon. Once an oath of allegiance was taken, all former property rights, except those in slaves, were returned to the former owners.

    1903-birthday of Bob Hope ( Leslie Townes Hope) born, England, 1903. Comedian, entertainer, actor: ‘Road’ series with Bing Crosby and Dorothy Lamour. The Road to Singapore, Zanzibar, Morroco, Utopia, Rio, Bali, Hong Kong; multitude of other films; nightclub entertainer, countless TV specials; host of The Academy Awards; possibly best known for his USO tours and entertaining of troops overseas and on the front lines during World War II, the Korean War, the Viet Nam War and even during Desert Storm; “If I could live my life over, I wouldn’t have time!”) http://www.screentalk.org/art010.htm

    1917-birthday of President John F. Kennedy. Many of us know where we were

the time we learned of his death. On the Tonight Show, Jay Leno asks people

on the street if they know what the Berlin Wall was or who Kennedy defeated

in the bid for president. One young person said he was the husband of Jackie

Kennedy. 35th president of the US (1961-63), born at Brookline, MA. Assassinated while riding in an open automobile at Dallas, TX, November 11,9`63. ( Accused assassin Lee Harvey Oswald was killed at the Dallas police station by a gunman, Jack Rubenstein(Ruby), two days later). Kennedy was the youngest man ever elected to the presidency, the first Roman Catholic, first to win Pulitzer Prize [book: Profiles in Courage and the first president to have served in the US Navy. He was the fourth US president to be killed by assassin*, and the second to be buried at Arlington National Cemetery (first was William Howard Taft).

    1919-Charles Strite of Stillwater, MN, received a patent for a toaster with a pop-up action. His device could both toast and eject bread when positioned over a fire.

    1922-The Supreme Court, in a decision written by Justice Oliver Wendell Holmes, declared that baseball “ would not be called trade or commerce in the commonly accepted use of those words.” The Court rejected the suit of the Baltimore Federal League Club that wanted baseball made subject to federal antitrust legislation and interstate commerce regulation.

    1925-Fletcher Henderson records “ Sugar Foot Stomp”

    1935—Jimmy Lunceford Band records “ Four or Five Times.”

    1935- the first occupants arrived at the first drug treatment center for addicts established by Congress: U.S. Narcotics Farm at Lexington, KY, which

covered 100 acres of a 1,050-acre plot.

    1942 - The biggest selling record of all time was recorded. A little out of season, perhaps, but "White Christmas", the Irving Berlin classic, was recorded by Bing Crosby for Decca Records. The song was written for the film "Holiday Inn". More than 30-million copies of Crosby’s most famous hit song have been sold and a total of nearly 70-million copies, including all versions of the standard, have been sold.

    1949-Hermosa Beach’s Lighthouse starts Sunday jams, West Coast jazz is born. In the late fifties and early sixties we would go here to see Shelly Manne, Art Pepper, Andre Previn, Jimmy Giuffree, and others.

    1949---Top Hits

Riders in the Sky - Vaughn Monroe

Again - Doris Day

Some Enchanted Evening - Perry Como

Lovesick Blues - Hank Williams

    1952-Charlies Parker opens at the Tiffany Club, Los Angeles. http://www.acns.nwu.edu/jazz/artists/parker.charlie/

http://www.geocities.com/BourbonStreet/5066/

    1953- New Zealand explorer Sir Edmund Hillary and Tensing Norgay, a Sherpa guide, became the first team to reach the summit of Mount Everest, the world’s highest mountain.

    1957---Top Hits

All Shook Up - Elvis Presley

Love Letters in the Sand - Pat Boone

A White Sport Coat (And a Pink Carnation) - Marty Robbins

Four Walls - Jim Reeves

    1958- Drummer Kenny Washington Birthday, born Brooklyn, New York

http://www.drummerworld.com/drummers/Kenny_Washington.html

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

http://www.artistdirect.com/music/artist/bio/0,,507593,00.html?artist=Kenny+Washington

    1961 - Ricky Nelson reached the top spot on the "Billboard" singles chart with "Travelin’ Man". It was Nelson’s second chart-topping hit. "Poor Little Fool" made it to the top in August of 1958. http://www.ricknelson.com/

    1962 – John (Buck) O’Neil became the African-American coach in major-league baseball. He accepted one of the six coaching jobs with the Chicago Cubs. O’Neil had previously been a scout with the Cubs organization. The first African-American manager of a major league team was Frank Robinson, who was hired by the Cleveland Indians as both player and manager on October 3,1974. As in perhaps the great majority of the sports, while many African-American players, there are in proportion few African American coaches. http://www.annonline.com/interviews/960715/biography.html

http://www.blackbaseball.com/books/iwasright.htm

    1965---Top Hits

Help Me, Rhonda - The Beach Boys

Back in My Arms Again - The Supremes

Wooly Bully - Sam The Sham and The Pharoahs

Girl on the Billboard - Del Reeves

    1965 - Ralph Boston set a world record in the broad jump at 27-feet, 4-3/4 inches, at a meet held in Modesto, CA. http://www.modestorelays.org/home/history.html

    1970 - Mike Cuellar of Baltimore became one of just 11 major-league hurlers since 1900 to strike out four batters in one inning -- because the catcher dropped the third strike of the third out.

    1972-President Richard Nixon and Soviet Party Leader Leonid Brezhnev released a joint communiqué after Nixon’s weeklong visit to Moscow. During the visit the two men acknowledged their major differences on the Vietnam War, signed a treat on antiballistic missile systems as well as an interim agreement on limitations of strategic missile sand an agreement for a joint space flight in 1976. This was the first visit ever to Moscow by a US President ( May 22-30, 1972).

    1972 - The Osmonds received a gold record for the album, "Phase III".

http://www.osmondmusic.com/

    1973---Top Hits

Frankenstein - The Edgar Winter Group

My Love - Paul McCartney & Wings

Daniel - Elton John

Satin Sheets - Jeanne Pruett

    1977-A. J. Foyt became the first driver to win four Indianapolis 500’s, but he had to share headlines with Janet Guthrie, the first woman to drive in the famous race. Foyt won his first Indy in 1961 and repeate4d in 1964 and 1967. Guthrie was forced out of the race after 27 laps because of mechanical problems. She finished 29th out of 33 entries. The following year, she qualified again, and finished ninth. Guthrie was an aerospace engineer before she started competitive driving in the 1960’s. http://search.eb.com/women/articles/Guthrie_Janet.html

    1978 - The 13-cent postage stamp became the 15-cent postage stamp when new U.S. rates to mail letters went into effect.

    1981---Top Hits

Bette Davis Eyes - Kim Carnes

Being with You - Smokey Robinson

Stars on 45 medley - Stars on 45

Seven Year Ache - Rosanne Cash

    1989---Top Hits

Forever Your Girl - Paula Abdul

Rock On - Michael Damian

Soldier of Love - Donny Osmond

After All This Time - Rodney Crowell

    1990-Ricky Henderson of the Oakland A's stole the 893rd base of his career, thereby breaking Ty Cobb’s American League record, in a game against the Toronto Blue Jays. http://www.sportingnews.com/baseball/players/1650/

 

* Presidents killed by the incompetence of their doctors

George Washington - bled to death by his doctors as treatment for "inflammatory quinsy"

James Garfield - whose doctors contaminated his bullet wound so that he died of infection.

Assassinated presidents

Abraham Lincoln - assassinated by John Wilkes Booth

James Garfield - assassinated by Charles J. Guiteau

William McKinley - assassinated by Leon F. Czolgosz

John Kennedy - assassinated by Lee Harvey Oswald

Presidents who suffered attempted assassinations

Andrew Jackson - would-be assassin: Richard Lawrence (both derringers misfired)

Harry Truman - Oscar Collazo and Griselio Torresola attempted to storm Blair House, residence of Truman

Gerald Ford - would be assassins: Lynette "Squeaky" Fromme and Sara Jane Moore, in two separate incidences

Ronald Reagan - shot and wounded by John W. Hinkley, Jr

Presidents who died in office of natural causes

William Henry Harrison - died of "bilious pleurisy"

Zachary Taylor - died of cholera morbus

Warren Harding - died of pneumonia or stroke

Franklin Roosevelt - died of cerebral hemorrhage

 

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