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Equip. Leasing Sales Rep: Strong sales and bus. dev. skills needed. Dev/manage portfolio, initiate bus. in upper Midwest . 3-4 yr leasing exp. www.associatedbank.com |
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Headlines---
Classified
Ads--- Sr. Credit Officer/Sr. Management
"Lessors
…The Vendor Leasing Marketplace"
-------------------------------------------------------------------------------
Classified
Ads--- Senior Credit Officer/Senior Management
Senior Credit
Officer experienced in middle- market leasing; structured, vendor
and 3rd party to the fortune 1000. Proactive team builder, originations
capable with strong work ethic. Email: kyletrust@hotmail.com
Senior Management:
Baltimore, MD
25 year veteran of
commercial and equipment leasing seeking a senior management position
with leasing or asset based financing company in the southeast (Florida
preferred) Email: kellogg_md@yahoo.com
Senior Management:
Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender
looking for Western expansion mid-market equip. finance/leasing. 20+
years experience within Rocky Mountain/ Southwest and Ca markets. Email:
legal@csotn.com
Senior management:
Hope, NJ.
25 years in optimizing
call center operations, collections, billing, and back end revenue generation.
Experienced in $7 + billion dollar portfolios. Verifiable achievements.
E-mail: cmate@nac.net
Senior Management:
Irvine, CA.
Credit executive,
portfolio manager and syndication facilitator. Extensive business building
experience in small and mid-ticket operations. Highly innovative. Fortune
100 audit and technology skills. Bottom-line manager.Email: lenhubbard@bigfoot.com
Senior Management:
Long Island, NY
Degree Banking/Finance.
13 years leasing exp. Now prez young leasing company where promises
were not met. Interested in joining established firm with future. Email:bob33483@yahoo.com
Senior Management:
New York, NY, NJ, Ct Tri-State
Top Exec. middle
and big ticket, top skills treasury,funding, ops,transaction detail,
syndication, ready to max profit, help build quality operation. right
now! E-Mail: leasefinance@optonline.net
Senior Management:
Portfolio Management Consultant; 25+years experience in Collections,
Customer Satisfaction, Asset Management, Recoveries, Continuous Process
Improvement, Back end Revenue Generation, Cost per Collection Analysis.
$5+Billion Portfolio expertise. Email: efgefg@rogers.com
Senior Management:
San Francisco, CA., 25 years experience w/global leasing company, sales,marketing,business
dev., P&L responsibility, asset mgmt, brokering and re- marketing.
Interested in joining an est. firm with a future. Email:rcsteyer@yahoo.comrcsteyer@yahoo.com
Senior Management:
Somerville, NJ.
28 year veteran in
Construction Equipment/ Transportation.
Full P&L responsibility,
profit driven, team builder, sales manager, strong portfolio management
skills. Will consider relocation.
email: leasingman_95@hotmail.com
Full listing of all classified ads at:
http://64.125.68.90/LeasingNews/JobPostingsWanted.htm
------------------------------------------------------------------------------
Economic Events This Week
May 3
Monday
Construction Spending March
May 4
Tuesday
Factory Orders: March
May 6
Thursday
U.S. Productivity: 1st Quarter
Sales of Leading Retailers: April
Weekly Jobless Claims
May 7
Friday
Unemployment: April
Consumer Borrowing: March
-------------------------------------------------------------------------------
Reader’s
Survey Results
by Christopher Menkin
"No” -- 292 "Yes” ---297
First, the money
was NOT returned.
As stated, we were asked "IF” a "settlement” was made, it might include
removing the complaint from the Leasing News Bulletin Board.
It was an "if.” In the course of the many conversations, we
came to the conclusion that it would not be removed from the archives, but since this would be a "precedent” or "policy
decision,” the Leasing News advisors suggested we take a poll from our
readers.
Actually, as we noted,
it fit several recommendations made by our advisor Leasing News Advisor Edward
Castagna, Nassau Asset
Management.
Back to number one: not the full dollar amount, but a "settlement” was
offered.
In reality, the dispute
is now in the legal process with a second court date, an appeal. This
party has had other complaints, which all were "settled.”
Two, they never said
they would return any money, but if they did, would we remove the complaint?
They stated carefully with an attorney involved, it may be one of the
conditions of the "settlement,” and they were not admitting any "guilt.”
We did speak with
the attorney from the company who made the complaint.
We also did NOT represent
all the facts, but an abbreviated version, as stated. As many readers
noted, they would have liked more of the facts, circumstances, background,
to make a better decision on how they would vote.
Our goal was not
to "judge,” or even ask readers to decide who was "right” or who was
"wrong” on this specific bulletin board complaint.
No actual facts were presented. This was done on purpose, and
also was a REQUIREMENT of all the parties involved.
Our sole goal was
to obtain your viewpoint on the bulletin board process, plus opinion
on the precedent of removing a complaint once posted
on the bulletin board. The survey was a "success.” We thank everyone who responded.
All comments were read, too.
From the knowledge
gained, Leasing News will remove a complaint from the Bulletin Board
if the money is returned to the person making the complaint by cashier’s
check and the concurrence of the person who made the original complaint.
There may be circumstances when we might not follow this procedure.
It does not include changing any of the archives, meaning newsletters
printed and in our archives.
As in our survey
at the end of last year, everyone who responded said that if the lease
did not go through, they would return the deposit.
It was the right thing to do.
Let me add to those
who thought this was about "Keystone Leasing” are incorrect. It involves another complaint on the bulletin
board.
http://www.leasingnews.org/bulletin_board.htm
Barry Reitman of
Keystone Leasing has never offered to return the "advance rental.”
100% of the survey
at the end of last year said he should have. This is after the,
ex-president, incoming president, most of the directors and many ex-directors
asked to be removed from the mailing list and said they would never
read Leasing News. They obviously did not vote.
They also stated in their e-mails to us Keystone should not
return the "advance
rentals.” The then current president indicated the same viewpoint.
That is not a fair
hearing of the facts or circumstances, and is one of the indications
that ethics involves funders and not brokers at National Association
of Equipment Leasing Brokers. It is one of the reasons I say "
Talk the Talk, but not Walk the Walk."
Ironically, the person
who made the complaint that is posted on the Bulletin Board regarding
Keystone Leasing responded to the survey, voting "yes.”
Here are comments
from people who voted "no:”
"If money is kept
when it should have been returned, the damage is done and it should
be reported as such. No deal-making after that fact changes anything...”
"I assume that as
your policy is to attempt a settlement prior to posting the Complaint,
that this was the case in the instance here. As you are providing an
archive, it would be my suggestion that the Complaint remain, but the
word "Resolved" or "Settled" or such be noted next
to the company's name. This should be done only after the prospective
lessee verifies to you that the money has been returned and funds cleared.”
"It seems that this
company/person would not otherwise return the deposit. If they are so
well respected than they should return it without having to result to
bribery. They should have thought about having the complaint show up
before they decided to keep the money.”
"Ethics in this industry
have not improved in my 26 years of equipment leasing. We need to do
the right thing on every deal from start to finish. Those who stumble
should be accountable, always.”
"It is not so much the amount of money, or that they paid it. it
boils down to is the company reputable, ethical and trust worthy. we
often see lessees, brokers, etc. pay when they are forced into a corner,
but should not reasonable people be able to negotiate or compromise
their differences without force, legal action or other threatening means?”
( name with held)
"If this is the first complaint and it is settled promptly, then
I would remove the formal complaint from your system. If this is the
second problem for this broker/lessor, then I would NOT remove the complaint.
I would jump twice as hard on this entity the next time, if it comes
up again.
"I get commitment
fees on almost all the deals I do. I have only kept three fees in my
life (20 years in the leasing business) and the customers did NOT complain.
The fee language was fully explained. I only had the right to keep the
fee if the deal is approved as stated on the proposal letter and the
customer backs out. When it was time to do the business, they were
the ones that backed out. If someone is keeping two fees per year, then
it would appear to me that it is their intention to keep fees, rather
than earn a living by helping people acquire financing for capital equipment.
" Rationalizations, such as "I worked really hard on this deal"
or the "customer lied to me" are NOT sufficient reasons to
disregard your agreed upon "Commitment Fee" paragraph on the
signed proposal letter. A much
worse rationalization would be something like "the deal is approved,
the documents are all signed, but the lessor won't pay the vendors,
so it isn't my fault". If
the lessor (you chose) won't pay the vendors in a timely manner after
all the documents are signed and returned, then by definition, the deal
is NOT approved.
"AS AN ASIDE: I did
hear from one attorney about a commitment fee in the early 90's. I faxed him the signed proposal letter and
a copy of the signed leases and I never heard from the attorney again.”
David Murray
Evergreen Financial, Inc.
"If the pressure
from Leasing News was the major contributing factor for the return of
the money, then I don't feel the complaint should be removed. What if
it happens again and someone doesn't complain? A disclaimer can be put
on that the issue was resolved amicably, but it still needs to be noted.
I liken it to a credit rating. If someone is 90-120 days past due, but
then brings the account current, it still needs to be reported that
the account was past due. It allows other financial institutions to
make up their own minds about the character of the customer. Not returning
down payment monies, goes toward the character of the broker/lessor.”
"If money is kept
when it should have been returned, the damage is done and it should
be reported as such. No deal-making after that fact changes anything...”
( name with held)
"Unless the initial
complaint was in error, people need to know that there was a violation,
even if it was resolved. But the original item should be amended to
indicate that there has been a resolution. It remains true that there
WAS the incident. Let's not try to change the historical record.”
"WHY WASN'T IT PAID
IF IT WAS DUE? THE JAILS ARE
FULL OF PEOPLE THAT WOULD GIVE THE MONEY BACK IF THEY GOT CAUGHT. THAT'S
ONE HECK OF A PRECIDENT TO SET.”
(name with held/government agency)
"If the pressure
from Leasing News was the major contributing factor for the return of
the money, then I don't feel the complaint should be removed. What if
it happens again and someone doesn't complain? A disclaimer can be put
on that the issue was resolved amicably, but it still needs to be noted.
I liken it to a credit rating. If someone is 90-120 days past due, but
then brings the account current, it still needs to be reported that
the account was past due. It allows other financial institutions to
make up their own minds about the character of the customer. Not returning
down payment monies, goes toward the character of the broker/lessor.
"
"No, I think you
should keep it on there...if ethics were violated once, there is a chance
they could be violated twice. I think with the industry in the state
it is in, every method of due diligence should be explored. I do however
think that each individual should be given a FAIR opportunity to dispute
your claim prior to being posted on the complaint board initially. But
I’m not sure what method, or who's moral judgment should be considered
as an accurate portrayal of good vs. evil intentions.....”
-
"If money is kept when it should have been returned, the damage is
done and it should be reported as such. No deal-making after that fact
changes anything...”
Christopher Simpson
CreditLease, Inc.
877/45LEASE (877-455-3273)
www.creditleaseonline.com
--
"You should note the fact that the dispute has been settled
but removing it entirely would be a bit inaccurate. History is valuable.
If the cops catch a bank robber running down the street they still prosecute
him even if he hands over the bag of loot.”
(name with held)
"Should be removed
only if the underlying complaint is found
to be untrue...This
should not be like one's driving record -
going to
driving school serves
to expunge the record. "
Ron Bannerman
President
Start-Up-Services
P: 415.664.4373
F: 415.664.4397
C: 415.987.0660
rmbannerman@start-up-services.com
"I have never kept
a deposit check in my life. It
is unfortunate some people in the industry are using that tactic to
recognize revenue. If you look at it from the customers perspective
they have no recourse except to go after the Leasing Company legally
which does not make sense financially.
No one wants to involve lawyers so what recourse does the customer
have? They go to Leasing News
to see if they can help. Just
like people go to 60 Minutes when an injustice is done.
Lets police ourselves! I
think it is a horrible business practice and I hope that no one involved
in any of the associations are practicing this technique. It only hurts the industry as a whole.”
J. Thomas Williams
100 First Avenue
South, Suite 265
St. Petersburg, FL
33701
(800) 499-2577 x
262
(800) 233-8303 Fax
www.elease.com
"No, you shouldn't
be able to buy integrity.”
"What don't they
just return the funds and forget about removing the comments/facts.
If they are honest and know the funds should be returned, then what
is the problem. Can't they admit they were wrong and do what is right.
I think people should be advised of issues of this manner and the people
or companies just have to face the facts. By removing the complaints/facts
would be like sweeping it under the carpet. "
"It is not so much
the amount of money, or that they paid it. it boils down to is the company
reputable, ethical and trust worthy. we often see lessees, brokers,
etc. pay when they are forced into a corner, but should not reasonable
people be able to negotiate or compromise their differences without
force, legal action or other threatening means?”
(name with held )
"Protect future users.
If threats need to be utilized to get them to do the correct action,
then users need to be aware of how they typically conduct their business
transactions.”
(name with held )
" Description of complaint should mention prominently that payment
has been made, as well as circumstances and conditions (if any) of such
payment. But if it took a public complaint to get that payment, that
in itself is worth knowing.”
(name with held )
"I believe it should
stay posted but with an amendment to the posting that the dispute was
settled and deposit returned or whatever the outcome was...to simply
remove it because it was paid doesn't justify the reason they made it
on the complaint board in the first place. Thus setting a precedent,
you get on the complaint board, you pay what’s owed, you get off the
complaint board? This doesn't make sense, the whole object I would think
is NOT TO GET ON THE COMPLAINT BOARD!”
( name with held
)
Why
I Changed My Viewpoint
These comments from
readers changed my mind, and reminded me of the role of both Leasing
News, and the Complaint Bulletin Board postings:
"Life is short. Forgiveness
is not overrated. If there is no mechanism for resolution your complaint
board serves only to punish and not to reform.”
hughswandel@shaw.cahughswandel@shaw.ca
"Definitely. It should
not be the role of leasing news to be both judge and jury on anything.
Leasing News is a source of information and an impartial way to maintain
fairness in an industry with virtually no federal regulation. (Let's
keep it that way) If money is returned...mission accomplished.”
"I think this speaks
well to the power of your newsletter to reach resolution for the person
who sent in the complaint. I think the thing they were looking for is
a resolution to their problem and appealed to you to help. Thus I think
that as leverage for the offender to do the right thing, the exchange
would be to have the complaint removed. "
"Your stated purpose
is to resolve these problems, not necessarily to punish anyone. This
action would be consistent with that goal. "
"If the advanced
rentals are returned, that should be reported as a positive resolution
of the matter. Show the complaint
and the resolution. If a Google
search continues to result in references to the party’s' business, let
the record show both the complaint and the positive resolution - it
will speak volumes to his credibility in future dealings.
"There are some circumstances
where keeping PART of the advanced rentals may be appropriate. For example, large ticket deals where expenses
of a UCC search, pulling a D&B, remitting for a site inspection,
can run into several hundreds of dollars.
If an approved candidate signs documents and returns them with
intent to proceed, then later changes his mind perhaps for a better
deal utilizing the same structure from another source, THEN it makes
sense to subtract those fixed expenses from his documentation fee and
potentially part of his advanced rentals payments if need be prior to
returning the balance.
"In small ticket
deals the costs of due diligence can be typically covered by the documentation
fee charged, so the full return of the advance rentals should ALWAYS
be the rule. The downside is
too great to our pool of potential clientele to risk quibbling over
an amount that none of us can retire on.
"We need to adhere
to a strong ideal of self policing.
I do not think any of us are looking for outside regulation of
our industry. Integrity is everything. Let's act accordingly. "
"If the money is
returned, there is no reason to keep the complaint listed. Leasing News
will have served its function. Of more import is whether this complaint
stops the behavior in the future. A non-public archive against which
new complaints are checked could monitor this very real and worthwhile
goal. Also, posting the new complaint with reference to the repeat nature
of it should help resolve the new complaint faster and reinforce the
preventative nature of the bulletin board. "
"Sounds like a quick,
good faith effort by the broker to just make this one "go away."
If it were me, I'd appreciate the removal.”
Sonia Stoddard Stoddard
& Associates
Lease@StoddardAssociates.com
" I say if returning
the money has resolved the dispute you should remove it.”
"Their is no reason
to continue listing a complaint that has been resolved. By fostering
a policy of removal upon resolution, you are encouraging resolution.
Additionally, the posting remains seriously misleading if resolution
has been reached, and this is known to you, and the complaint is neither
removed or amended to indicate resolution. Stephen E. Jenkins, Esq.”
HEMAR, ROUSSO &
HEALD, LLP
STEPHEN E. JENKINS
15910 Ventura Boulevard
12th Floor
Encino, California
914
(818) 501-3800
Fax:(818) 501–2985
EMAIL: sjenkins@hemar-rousso.com
"My personal philosophy
is this: If an applicant gives a commitment fee and the lease is approved
at the rate offered in the proposal and the applicant refuses to accept
the lease, the fee has been earned! Because of problems in the past,
we do not require a commitment fee! "
"Perhaps some sort
of statement of apology should be issued by the company along with the
returned deposit.”
"Yes ,but on one
stipulation that the company does not take any one deposit again and
acknowledges that they were in the wrong. "
btucker@soundcastleduplication.com
( http://www.leasingnews.org/Conscious-Top%20Stories/Keystone_Equipment_Capital.htm
)
Money needs to be
return before hand. The situation caused the company enough discomfort
to re consider refunding advanced rentals not earned so I would say
the Bulletin Board Complaint worked. Only when you are satisfied the
money have been returned should the posted notice be removed.
Larry Biricz - Toronto
Interesting, most
of the people we asked who responded "yes,” if we could quote them,
did not want to be quoted or did not respond, which may be a "time”
situation.
Here
are comments without attribution:
"People can complain
all they want, just like people can sue all they want sometimes for
no legitimate reason. When it's settling in or out of court, it's dismissed
and removed. Auditors don't list it as a liability or a contingency,
why should leasing news, if it has truly been settled.”
" I think a valid
question to be asked is, "How many chances does an individual or
company get before they can no longer 'buy' themselves immunity from
the bulletin board?"
"In the justice system
within our great country, when a person has a judgment entered against
them and they satisfy that judgment, in the reporting systems, i.e.
credit bureaus and D&B, is not that satisfaction noted? "
"Seems to me that
if the money is returned as requested then the dispute is settled and
the complaint can be removed HOWEVER if there is
another similar complaint that indicates a trend or behavior
pattern then I'd reinstate the original and the new complaint permanently.”
"Like you say if
the money is returned there is no complaint.”
"As a one time concession
with notice that any similar complaint in the future will void this
concession. Thanks Kit! Keep up the strong effort. "
"I reluctantly agreed
to this without knowing the entire story; however you do not want to
harm someone's business over one incident. On the other hand, is he
returning the money only to eliminate the complaint? Your potential
course of action (if he does it again, list the complaint again) should
act as a deterrent.”.
"Only so long as
the customer is satisfied, and the funds are good. I say this because
the guy in question is supposed to be "respected and well liked
etc." If he was a scoundrel, then I would say the complaint should
be removed but a warning to people put in its place . . . I'm tired
of these people screwing us and our customers . . . it hurts OUR business
and we stop having business, so do the Lessors/Financiers.”
"Assuming this is
a one time event and not a pattern as to the way this person normally
conducts his business. He may even be correct in retaining the monies,
but based on the way you have described the situation, even if he is
correct, then it is not worth the hassle and negative goodwill generated
by the leasing complaint.”
And
there were also people who said yes, and had similar reservations:
Kit, I'm having
a mixed reaction trying to answer this question with a simple yes or no!. If it is only a single or
occasional problem then yes I believe it should be removed because situations
do arise where credit work is done and the Lessee just decides to go
another way and demands all of their deposit back. However, if there
are numerous complaints against the
same Broker or Lessor and it is obvious that they have no intention
of returning a deposit, ever, then I believe they've
earned the right to be identified on your "wall of shame"
as someone to avoid.
Bob Robichaud
Lease Financing Officer PFF Bank & Trust
You can do whatever
you think best but I believe the
key is to be sure
going forward the policy to be the
same to all.
Bob
Robert D Baker CLP
President/CEO
Wildwood Financial
Group, Ltd
16292 Westwood Business
Park
Ellisville, Mo 63021
800 373 3581
877 235 0808 Fax
wildwoodfinancial.com
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"What
Lessors Are Saying About…The Vendor Leasing Marketplace"
ELT News ( Equipment Leasing Association )
ELA recently hosted
its annual Captive and Vendor Leasing Conference where a record number
of nearly 150 captive, vendor and service provider members convened
at the Ponte Vedra Inn and Club in Ponte Vedra, Florida. ELA wanted
to get a pulse on how the vendor leasing market is faring, and spoke
to a number of conference attendees for their take on this market segment.
Chuck Thomas, IBM
Global Financing, noted, "What these ‘Lessors are Saying’ echoes the
conclusions of the Industry Future Council. Our Business Council members
are cautiously optimistic, with most small and medium ticket players
seeing an uptick in new originations. The large ticket arena, however,
continues to be weighed down by real and anticipated regulatory and
legislative changes. A common theme for all members is focus on finding
and developing new talent; people who will identify with leasing as
a career, not just a product.”
Robert Fine, Norvergence
Capital, is very encouraged by the state of the vendor leasing marketplace.
He said, "The players in the vendor leasing arena are aggressively looking
for new products. There is a lot of liquidity and a lot of banks competing
for business, and that makes this a good marketplace for vendors.” Fine’s
seen a shift away from the lower levels of activity of the last few
years to banks now adding salespeople, looking to increase volume and
growing their organizations. "It’s a good sign for everyone involved
when lessors are looking to do business rather than just maintain,”
he said. He also sees the small ticket and middle ticket markets as
very strong, with the large ticket market volatile due to government
regulatory intervention.
Carol Schafer, Siemens
Financial Corporation, thought the turnout for the Captive and Vendor
Leasing Conference summed up the state of vendor leasing very nicely
with its attendance hitting a new milestone of in excess of 150 attendees.
"We're seeing a pick up in volume by vendors," said Schafer.
"They're selling more, and we're seeing more industries considering
offering equipment leasing." On the downside, she cited tighter
regulations changing the structure of various programs and product offerings
and consolidation on the funding source side. However, there's definitely
availability of funds and it is still a highly competitive environment.
John Cortese, Charter
One Vendor Finance, LLC, offered a detailed summation. He noted what
was "good”:
"Both captives and
lenders are more optimistic about the future than they were last year.
Business has picked up from 2003 levels and everyone seems to believe
that sunny days are ahead of us. No one believes that we will see a
return to 1999 and 2000, but after a very tough 2003, everyone is in
a better mood.
"Captives are getting
more and more sophisticated about revenue recognition issues, the need
to work in tandem with the sale/manufacturing side, and developing the
internal processes that make them a better run company as well as a
profit center on their own. They seem to be developing their own professional
identity and are not the stepchild they used to be.
"For lenders, business
is picking up and there is a new push for new vendor relationships.
Everyone is seeking to expand their vendor sources. It seems that the
key for most lenders is to become the lender that is the easiest to
do business with. Using a variety of hi-tech solutions, going more retail,
expanding the credit box, expanding the product mix, and fine tuning
their pricing models is being looked at by all lenders.”
Cortese also noted
some "bad” including:
"Revenue Recognition
issues are driving everyone nuts. The basic wholesale vendor model is
changing as a result of new accounting rules, making getting sales treatment
increasingly more difficult. This is posing a problem for captives that
require sales treatment and lenders who have to live with fewer safeguards.
What makes this issue more troublesome is that the accounting rules
will keep getting more and more restrictive, making it more and more
difficult to do business that meets both the captive and the lenders’
requirements.
"Industry consolidation
among lenders serving the vendor finance marketplace is a continuing
concern among captives. They see fewer and fewer lenders serving this
market, particularly on the upper end, and this causing a lot of sleepless
nights. Consolidation is causing many captives to decide that they will
not have a sole source, and will avoid putting all their eggs in one
basket.
"The market is very
competitive and lenders are seeing their margins dropping. This is great
news for captives but lenders are struggling to find ways to meet ROE
requirements. Lenders are also struggling with meeting a captive’s need
to expand the credit box and do business without traditional protections.
He concluded with
"The business is continuing to evolve for both captives and lenders,
and while there are significant challenges ahead, most agree that if
all parties to a vendor relationship take the time to understand each
others’ needs, resolutions can be found for almost every problem. So,
while it's always tough to do business, challenges create opportunities.”
-------------------------------------------------------------------------------
Classified Ads—Help Wanted
Accounting
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-------------------------------------------------------------------------------
News Briefs---
30-year mortgage
rates top 6% for first time in 2004
http://www.usatoday.com/money/perfi/housing/2004-04-29-mortgage_x.htm
Fed prepares for
interest rate increases – but not a replay of 1994
http://www.signonsandiego.com/news/business/20040502-1037-fed-
interestrates.html
Buffett warns of
'too low' US interest rates
http://news.independent.co.uk/business/news/story.jsp?story=517568
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"Gimme that Wine”
Mendocino County's
Oldest Winery Changes Hands
http://www.winespectator.com/Wine/Daily/News/0,1145,2453,00.html
As their marriage
ends, Michael and Elaine Honig stay wedded to their winery
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/04/29/WIGIL6BS161.DTL
Marketing executive
to lead Oregon wine group
http://news.statesmanjournal.com/article.cfm?i=79447
Ernie Els Purchases
Permanent Home for South African Joint Venture
http://www.winespectator.com/Wine/Daily/News/0,1145,2452,00.html
End of the road for
corkscrews?
http://www.manchesteronline.co.uk/news/s/115/115162_end_of_the_
road_for_corkscrews.html
Atlas Peak wines
to be made at William Hill
Wines of Spain and
Mexico
http://wine.about.com/cs/holidaysandwine/a/cincodemayo.htm
This
Day in American History
1494-Christopher
Columbus cited the island of Jamaica
on his second voyage.. He never actually saw nor did his discoveries
include the United States, but the island off the continent It was the Spanish who first brought slavery into the new world.
The islands were Europe’s main gateway into the New World. The first Revolutionary naval battle was fought
here to gain control of this ocean thoroughfare. .
http://memory.loc.gov/ammem/today/may03.html
ht://www1.minn.net/~keithp/cctl.htm
1654-
Richard Thurlow built the first toll bridge with his own money over
the Newbury River at Rowley, MA. The court fixed a rate of toll for animals,
but passengers were permitted free passage. It remained until 1680.
http://www.angelfire.com/ny/chickened/thurlowfamily.html
1761
- Large tornadoes swept the Charleston, South Carolina harbor when a
British Fleet of 40 sails was at anchor. It raised a wave 12 feet high,
leaving many vessels on their beam ends. 4 people drowned.
1774
-a May snowstorm from New York City to Virginia covered the ground.
A severe frost killed fruit in North Carolina
1825-Laura
Matilda Towne Birthday. After the Civil War, LMT with her close friend
Ellen Murray founded one of the earliest, and most successful schools
for former slaves on the coastal islands of South Carolina. She had studied homeopathic medicine privately
and taught school in her native Pennsylvania before volunteering to
teach - and in many ways care for - a large population of former slaves
of the Sea islands of South Carolina.
She taught, acted as physician, and directed relief aid and in
1862 with Murray founded the freedman's Penn School that used the same
curriculum as New England schools. For dozens of years Penn School was
the only education available for the black population of the islands.
Her school was eventually taken over by the South Carolina public
school system.
http://www.aaregistry.com/african_american_history/2200/Laura_M_Towne_was_a_primetime_educator
1862-after
nearly a month’s siege, General
Joseph Johnston’s outnumbered
Confederate forces evacuated
Yorktown, VA, and moved back to Richmond. General McClellan’s Army
of the Potomac occupied Yorktown the following day.
General
Johnston is considered one of the top generals of the Confederacy,
the
United States, and if it were not for the overwhelming amount of money,
the
ability to "buy” foreign recruits, the war would have gone the way
of
the Confederacy due to military leaders such as Johnston. With the capture
of Yorktown, President Abraham Lincoln left Washington,
DC,
for Fort Monroe, VA, to observe the ongoing Peninsula Campaign.
http://tennessee-scv.org/camp28/johnstonbio.html
http://ngeorgia.com/site/johnstonstatue.html
http://einsys.einpgh.org:8887/MARION/AAJ-1380
http://www.eaglesongthemusical.com/linkedpages/johnston.html
http://www.civilwarhome.com/johnston1stmanassas.htm
http://www.qmfound.com/BG_Joseph_Johnston.htm
1895
-A f5 tornado carved a 13 mile path through Sioux County in Iowa. 9
people were killed and 35 were injured.
1903-John
"Honey” Russell, Basketball Hall of Fame player and coach born at New
York, NY. Russell played in more than 3,200 pro basketball games in
the sport’s early years. In 1936, he became coach at Seton Hall University,
remaining there for 11 seasons. He was also a baseball scout, a football
scout and a promoter. Inducted into the Hall of Fame in 1964. died at Livingston, NJ,
Nov. 15,1973.
http://www.hoophall.com/halloffamers/RussellJ.htm
1911-trumpet
player Yank Lawson born Trenton, MO. Died Feb. 18,1995
http://www.pudbrown.com/YankLawson.htm
http://www2.cybercd.de/artist/Lawson,+Yank.htm
1913-birthday
of playwright William Inge, born in Independence,
Kansas. . He won the Pulitzer price for "Picnic,” some
of his other plays included "Bus Stop,” "Come Back, Little Sheba.”
http://memory.loc.gov/ammem/today/may03.html
http://www.imagi-nation.com/moonstruck/clsc63.html
1918-tenor
Leopold Simoneau, considered one of the most distinguished Canadian
singers of the century, was born in St-Flavien, Quebec. Simoneau developed
an international reputation in the 1950's as a specialist in the works
of Mozart. Among the many highlights of his career was his 1952 appearance
in Paris in a production of Stravinsky's "Oedipus Rex," with
the composer as conductor and Jean Cocteau as narrator.
1919-birthday
of folksinger, songwriter Pete Seegar, born New York, New York. In the
1940's, he performed with Woody Guthrie, before forming the Weavers,
who had hits with such folk tunes as "On Top of Old Smokey"
and "Goodnight Irene." Seeger was blacklisted by the US government
during the '50s. In the following decade, he became a father figure
to many younger folk and rock musicians. The Byrds, for example, had
a number-one hit with Seeger's "Turn, Turn, Turn."
http://www.peteseeger.com
1920-pianist
John Lewis born LaGrange, Il. http://www.jazclass.aust.com/lewis.htm
http://www.holeintheweb.com/drp/bhd/MJQ.htm
1921-Reece
" Goose” Tatum, basketball player born at Calion, AR. Tatum played football
and baseball and came into his own when Abe Saperstein asked him to
play basketball with the Harlem Globetrotters.
Tatum’s best asset was his hands, big enough to allow him to
hold the ball with one hand. He perfected the overhand hook shot later used
by Wilt Chamberlain, Connie Hawkins and Kareem Abdul-Jabbar. Suspended
by Saperstein in 1955, he formed his own team, the Harlem Magicians.
Died at El Paso, Texas, January 18,1967
1921-
Ray ("Sugar Ray’) Robinson, boxer, born Walker Smith, Jr., at Detroit,
Ml. Generally considered "pound for pound the greatest boxer of all
time,” Robinson was a welterweight and middleweight champion who
won 175 professional fights and lost only 19. A smooth and precise
boxer, he fought until he was 45, dabbled in show business and established
the Sugar Ray Robinson Youth Foundation to counter juvenile delinquency.
To this day, his name connotes class, style and dignity.
My father took me to his fight in Yankee Stadium when we lived
in New York. My father was a great fight fan and took my brother and
I
to
many bouts.
http://www.ibhof.com/robinson.htm
1928-
James Brown Birthday, born in Macon, Georgia.
He
sold millions of records in the US from the mid- 1950's to the mid-'60s,
yet remained virtually unknown to most white Americans. But by the late
'60s, the breakthroughs scored by black artists on the Motown and Stax-Volt
labels helped bring Brown to the attention of the mass audience as well.
James
Brown's first hit, with his group the Famous Flames, was "Please,
Please, Please" in 1956. It sold more than a million copies - the
first of his dozens of million-sellers. Thirty years later, in 1986,
he was at the top of the charts with "Living in America" from
the soundtrack of "Rocky Four."
In
1996, James Brown celebrated his 63rd birthday with a concert in his
hometown of Augusta, Georgia. Musical guests included rock guitarist
Slash, country group Sawyer Brown and soul star Isaac Hayes.
http://www.funky-stuff.com/jamesbrown/
1936-Joe
DiMaggio made his major league debut for the New York Yankees and collected
three hits in their 14-5 victory over the St. Louis Browns. For the
year, DiMaggio hit .323 with 29 home runs and 125 runs batted in.
He used to visit friends in Los
Gatos, California often. I saw him eating lunch and dinner out
several times. He was well respected and never bothered in
the restaurants here.
There
were places here where Marilyn Monroe stayed, sometimes with him and
they had great privacy, I am told. He was
a very private man. http://www.baseballhalloffame.org/hofers_and_honorees/hofer_bios/dimaggio_joe.htm
http://www.joedimaggioestate.com/
1937-
Frankie Valli, lead singer of the Four Seasons, was born in Newark,
New Jersey. They were one of the most popular groups of the 1960's,
with more than 30 singles on the best-seller charts from 1962 to 1976.
Frankie Valli's falsetto singing was the group's trademark on such hits
as "Sherry," "Big Girls Don't Cry" and "Walk
Like a Man." Valli began a successful solo career in 1974, and
had such hits as "My Eyes Adored You" and "Grease."
He has also put together Four Seasons groups for rock 'n' roll revival
shows.
http://www.srv.net/~roxtar/valli_frankie.html
http://www.hwcn.org/~ad828/frankie.htm
1943-Robert
Frost won the Pulitzer Prize for Poetry, his fourth time.
He won it for "A Witness Tree.” His
other awards were in 1924 for "New Hampshire: A Poem with Notes and
Grace Notes.” in 1931 for "Collected Poems,” and in 1937, for A Further
Range.” http://www.ketzle.com/frost/
http://www.theatlantic.com/unbound/poetry/frost/frostint.htm
http://www.poets.org/poets/poets.cfm?prmID=196&CFID=8427572&CFTOKEN=3561476
1948-
CBS Evening News began as a 15-minute telecast with Douglas Edwards
as anchor. Walter Cronkite succeeded him in 1962 and expanded the news
show to 30 minutes. Eric Sevareid
served as commentator. Dan Rather
anchored the news casts upon Cronkite's retirement in 1981. At one point, to boost sagging ratings, Connie
Chung was added to the newscast as Rather's co-anchor, but she left
in 1995 in a well-publicized dispute.
Rather remains solo, and as Walter Cronkite would say "...that's
the way it is."
1952-
Eddie Arcaro became the first and only jockey to win the Kentucky
Derby five times: 1938, Lawrin, 1941, Whirlaway, Hoop Jr, 1945, Citation,
1948, Hill Gail, 1952.
1952-Historians
give credit to Lieutenant Colonel Joseph Otis Fletcher as the first
man to set foot on the "North Pole.”
The first airplane flight to land at the North Pole was made
by a ski-wheeled Air Force C-47, which landed this day in 1952.
I took off from Fletcher’s Ice Island, about 115 miles from the
Pole, carrying 10 air force officials and scientists.
It was piloted by Lieutenant Colonel William Pershing Benedict
of San Rafael, CA, and copilot Lieutenant Colonel Joseph Otis Fletcher
of Shawnee, OK. In 1997, historian Robert M. Bryce published the results
of research indicating that no previous explorer succeeded in reaching
the Pole, despite two long standing claims, and that Fletcher was the
first human known to set foot on it. In addition, Dr. Albert Paddock Crary, who
was in this party, on February 12,1961, reached the South Pole by tracked
vehicle as part of a scientific expedition.
He became then the only explorer to set foot
on
both the North and South Pole.
1952-CBS
became the first network to televise the Kentucky Derby. Eddie Arcaro
rode Hill Gail to a two-length victory over Sub Fleet.
Blue Man was third. For
Arcaro, it was a record fifth Derby win.
Trainer Ben A. Jones won for the sixth time, also a record.
1955---Top
Hits
Cherry
Pink and Apple Blossom White - Perez Prado
The
Ballad of Davy Crockett - Tennessee Ernie Ford
Dance
with Me Henry (Wallflower) - Georgia Gibbs
In
the Jailhouse Now - Webb Pierce
1956
- "Most Happy Fella", a musical by Frank Loesser, opened at
the Imperial Theatre in New York City. The show, an adaptation of "They
Knew What They Wanted" by Sidney Howard, ran for 676 performances
on Broadway. Critics called the show a masterpiece, thanks to the outstanding
performances by Robert Weede and Jo Sullivan. Many of the songs made
the "Hit Parade.” Frank Loesser’s hits included "Standing on the
Corner", "I Like Everybody", "Joey, Joey, Joey",
"Big Acquaintance" and "Don’t Cry". http://www.frankloesser.com/home.htm
1960
- The play, "The Fantasticks", opened at the Sullivan Playhouse
in New York City. It would later become the longest-running off-Broadway
play. "Soon It’s Gonna Rain" was one of the big hit tunes
from the production. Many high schools make this their musical performance
for students to present to their community.
1963---Top
Hits
I
Will Follow Him - Little Peggy March
Can’t
Get Used to Losing You - Andy Williams
Puff
the Magic Dragon - Peter, Paul & Mary
Lonesome
7-7203 - Hawkshaw Hawkins
1968-new
owners Tom Cousins and Carl Sanders announced that the St. Louis Hawks
of the NBA would move to Atlanta for the 1968-69 season. The team began
as the Tri-Cities Blackhawks(1949-51), moved to Milwaukee and then to
St. Louis in 1956.1980-Genuie Risk, ridden by Jacinto Vasquez, became
just the second filly to win the Kentucky Derby. She posted a one-length
victory over Rumbo.
1970
-- Ohio Gov. Rhodes vows to
"use every weapon" against antiwar protesters at Kent State
University. Tomorrow he does.
1971---Top
Hits
Joy
to the World - Three Dog Night
Put
Your Hand in the Hand - Ocean
Never
Can Say Goodbye - The Jackson 5
Empty
Arms - Sonny James
1978
- Persistent thunderstorms caused widespread flooding in southeastern
Louisiana and extreme southeastern Mississippi. Rainfall totals of ten
to thirteen and a half inches were reported around New Orleans causing
the worst flooding in thirty years. The water depth reached three to
four feet in several hundred homes, and total property damage was estimated
at one hundred million dollars
1979---Top
Hits
Heart
of Glass - Blondie
Reunited
- Peaches & Herb
Stumblin’
In - Suzi Quatro & Chris Norman
Where
Do I Put Her Memory - Charley Pride
1987---Top
Hits
(I
Just) Died in Your Arms - Cutting Crew
Looking
for a New Love - Jody Watley
La
Isla Bonita - Madonna
Don’t
Go to Strangers - T. Graham Brown
1993
- Strong winds buffeted the Owens Valley area and the Eastern Sierra
of Southern California. A USGS anemometer on Crowley Lake recorded a
wind gust to 140 mph before blowing away. Bishop Airport had a wind
gust to 65 mph. One person was killed when he was hit by a flying projectile.
Many trees were downed and power outages were widespread.
1998-
Mariner Dan Wilson hits the first inside-the-park grand slam in the
franchise's history.
1999-The
Dow-Jones Index of 30 major industrial stocks topped the 11,000 mark
for the first time.
----------------------------------------------------------------------------------------------
Baseball Poem
The Base Stealer
Poised between going on and back, pulled
Both ways taut like a tight-rope walker,
Fingertips pointing the opposites,
Now bouncing tiptoe like a dropped ball,
Or a kid skipping rope, come on, come on!
Running a scattering of steps sidewise,
How he teeters, skitters, tingles, teases,
Taunts them, hovers like an ecstatic bird,
He's only flirting, crowd him, crowd him,
Delicate, delicate, delicate, delicate - Now!
----Robert Francis
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