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Day in American History

Monday, May 23, 2005

Headlines---

Correction: First Female President of NAELB
    Point of Information---CIT Throwing in the Towel
        Classified Ads—Asset Management
            Bad Day, May 23, 2001---Archives
Bancorp Financial Services, Bay View Capital, Terminal,
SDI Capital, Amplicon, CIT-Financial—All the Same Day
    Bank Lessors Speak
        Classified Ads---Help Wanted
            News Briefs---
                Sports Briefs---
"Gimme that Wine"
    Top Event in Today's History
        This Day in American History
            Baseball Poem—Robert L. Harrison

######## surrounding the article denotes it is a “press release”

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Correction: First Female President of NAELB

“I thought I'd refresh your memory. June Sciotto, Regal Finance, was the first female president of the National Association of Equipment Leasing Brokers ( NAELB). If my memory serves me correctly, June was elected in 1994 and served for two years. Donna Cole served as President of NAELB from the spring of 2004 through the spring of 2005 and now NAELB has their third female President, elected this year, Heather von Bargen, Caladesi Capital.”

Cindy Spurdle
Address = CLP Foundation
City = Wayne
State = PA
Zipcode = 19087
Phone = 610-687-0213
Fax = 610-687-4111
Email =cspurdle@comcast.net

(The correction has been made. As I originally stated, I was responding from memory. NAELB does not return calls nor provide information on activities to Leasing News. In fact, Charlie Lester asked for permission from the president and then board of directors to write his coverage of the conference. The attitude evidently stems from the Bulletin Board Complaint issue, plus other stories Leasing News has written.

(For those that may not remember, Cindy Spurdle was “executive director” of NAELB until May, 2000. We wrote about it, and then asked her to tell us about her career at the time:

http://www.leasingnews.org/items/Cindy_Sprudle.htm

Editor)

[headlines]

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Point of Information---CIT Throwing in the Towel

Leasing News wrote about CIT Financial offering one NorVergence customer in Florida 100%, whereas other offers have been 90% or less in other states.

CIT Financial did not comment on the article, nor were we able to substantiate the offer, and in addition, there may have been other circumstances surrounding the two leases that were offered 100%

This comment from a deputy attorney general who does not want to be named:

“...nice article about the GECC settlement and CIT. The 100% CIT walk away, I think, is a Florida-only settlement. Other settlements coming down are lower.”

And another deputy attorney general, who also does not want to be named:

“... it's a tier deal, meaning only a few got 100% while most others got less (and had to pay something to settle).”

[headlines]

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Classified Ads—Asset Management

Austin, TX.
20+ years exper. lease/finance. P & L responsibility, strong credit & collection management, re-marketing& accounting. Computers, construction, auto & transportation. Both commercial/ consumer portfolios.
Email: kmalone@austin.rr.com

Bloomfield Township, MI.
15+ yrs experience asset management and credit analyst. Leadership and training skills. Audited returns, max residual, lease end and resale negotiator. E-mail: cmcozzolino@msn.com

Chicago, IL.
MBA, 15+ years exp. Long history of success in maximizing residual position through outstanding negotiation skills & lease contract management. Third party re-marketing, forecasting etc...
email: jgambla@aol.com

Hartford, CT.
7yrs exp structuring US Leveraged & Single Investor leases w/ pre-paid deferred rents, 467 loans & early buyouts. Engineer rv guarantees, synthetic leases, economic capital models & securitizations.
E-mail: lease_structuring@yahoo.com

Princeton, NJ.
Asset management/credit/collection
20+ years experience in equipment financing. Last five years in Asset Management including remarketing, end of lease negotiations, equipment and market evaluations
E-mail: bgaffrey@earthlink.net

Wilton, CT.
18 years exp. in IT and High Tech leasing industry. Residual forecasting, workouts, off-lease sales, mid-term restructures, auctions, all aspects of remarketing and equipment management.
Email: charrer@hotmail.com

Full Listing of all ads here:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm

[headlines]

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Bad Day, May 23, 2001---Archives

Bancorp Financial Services, Bay View Capital, Terminal,
SDI Capital, Amplicon, CIT-Financial—All the Same Day

Bancorp Financial Services, Sacramento, California---

Humboldt Bancorp says Goodbye to the Weakest Link

( Doug Rees, Vice-President, has not returned our calls as it appears

the second quarter loss and investigation by the Security Exchange Commission, Sacramento, California, has put the company into an immediate “wind down” as they originally informed the Security Exchange Commission and issued a press release, that they later stated was “misinterpreted” and was only “for accounting purposes.” They had asked Leasing News for a “correction,” which we did. with the express purpose of hoping they would survive. editor

http://www.leasingnews.org/archives/April01/4-27-01a.htm

“It appears the shutdown has affected several leasing transactions and we have been attempting to obtain public information, to help those in the industry, such as this person:

“Just a note on the Bancorp Financial Issue we have a 300k portfolio in

funding now that they are now stating they cannot honor this commitment because they are out of money. This was told to us by Doug Reese on Tuesday. We were notified that they would be closing on Friday of late week at 4:30pm (really nice) As of yesterday they were going to purchase the portfolio through a deal they worked out with G.E. Capital / CPL but that has also fell through. This is turning out to be another United Capital issue. You may print this by please leave our name off since we still are working on selling this portfolio to them.”

Name Withheld

--

Bay View Capital Exits the Scene, Good People on the Street

“It is true that Bay View Capital has decided to exit the commercial leasing business and other business lines due to the strategic change in the company's direction as determined by the new management team. Although Bay View Commercial Leasing met or exceeded its objectives, our organization no longer fit within the regional bank holding company's future business plan.

“Accordingly, we have discontinued originating new leases and loans and are funding out all commitments through the end of the month.

“We would like to thank the select group of originators we have been working with for the past two years for allowing us the opportunity to be one of your valued funding sources. Although we are proud of the accomplishments we have achieved at Bay View, we take greater pride in the knowledge that we provided the broker community with an ethical, reliable and competitive funding source whose values were based on integrity, professionalism, teamwork and good old-fashion personal service.

“As an experienced group of leasing professionals, we will continue to pursue our endeavors, individually or collectively, in the leasing industry.

“Farewell for now. “

Best regards,

Bay View Commercial Leasing

Jeff Allard CLP, COO and staff, Paul Torres CLP, AVP & Credit Manager; Jan Eriksen AVP & Division Sales Manager; Amy Slavin, Division Sales Manager, Broker Desk; Jennifer Isip, Sr.Leasing Specialist; Antoinette Fresquez, Leasing Specialist

--

Terminal Leasing Bites the Dust---Officially

PUBLIC AUCTION

NOTICE OF SECURED PARTY SALE OF COLLATERAL

(PORTFOLIO OF PERSONAL PROPERTY LEASES) OF

THE TERMINAL MARKETING COMPANY, INC.

BY VIRTUE OF A DEFAULT under that certain Loan and Security Agreement, dated as of June 5, 1998, as amended, modified and/or supplemented (the "Loan Agreement"), between The Terminal Marketing Company, Inc. (the "Borrower") and Lehman Commercial Paper, Inc. ("Secured Party"), and pursuant to the terms and conditions of the Loan Agreement, other agreements entered into in furtherance thereof and Section 9-504(3) of the Uniform

Commercial Code as enacted in the State of New York.

--

SDI Closing

Here is from an inside source:

“Lots of closed door meetings word has it a company by the name of Total Funding is buying SDI. The Daniels have cleaned out all of there personal items on the sly. they will not conform or deny. Have heard rumors of BK filing. Don't use my name as I still have a paycheck coming.”

Name Withheld

Hi there,

Was wondering it you have heard any rumblings in the industry about SDI Capital. Weird vibes going on over here. Something is about to break wide open. Post something if you like.

---

Amplicon Reorganizes as Bank Holding Company; Launches California First National Bank

SANTA ANA, Calif.--(BUSINESS WIRE)--May 23, 2001--Amplicon Inc. (Nasdaq:AMPI) ("Amplicon") today announced that it reorganized into a holding company form of organizational structure.

As a result of the reorganization, a new parent company, California First National Bancorp, a California corporation ("CalFirst Bancorp"), owns 100% of Amplicon, the previous publicly held company. Stockholders of Amplicon have automatically become stockholders of CalFirst Bancorp.

In addition, today CalFirst Bancorp purchased 100% of the common stock of California First National Bank ("CalFirst Bank" or "Bank"), and with the investment of $20 million by CalFirst Bancorp, CalFirst Bank started operations as an FDIC-insured national bank.

---

CIT Shareholders Approve Proposed Tyco-CIT Acquisition

LIVINGSTON, N.J--The CIT Group, Inc. (NYSE: CIT, TSE: CIT.U and Exchangeable Shares: TSE: CGX.U), a leading global source of financing and leasing capital, announced that its shareholders have approved the company's proposed transaction with Tyco International Ltd. (NYSE:TYC, BSX:TYC, LSE:TYI) at a special meeting held today in Livingston, New Jersey. The transaction will close upon receipt of the requisite regulatory approval, which is expected to occur by June 1, 2001.

"Our shareholders voiced their strong support for the recommendation of CIT's board of directors and we are delighted with today's affirmative vote," said Albert R. Gamper Jr., CIT Chairman, President and CEO.

[headlines]

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Bank Lessors Speak

ELTnews

The primary volunteer body representing the bank lessor segment of the Equipment Leasing Association ( ELA ) Membership membership meeting May 10 in Washington D.C. for its annual business meeting. The ELA Middle Market Bank Business Council Steering Committee opened the meeting with a scan of the bank leasing environment. The following summarizes, in no particular order, some of the comments made:

- Other types of leasing companies--large ticket, e.g.--are moving into the middle market

- Competition is fierce in this space--in some segments, 50 basis points lower than the same time last year

- Pricing is squeezed dramatically

- Compliance issues adding to the cost of doing business

- Leasing down in comparison with loan product

- Line between the lease and the loan is increasingly blurring

- Equipment-centric/risk taking is playing a bigger role compared to traditional role of leasing as a finance tool

- Leveraged lease business will suffer, particularly long-term

- Seeing more aggressive, tougher return provisions/end of term requirements

- Relationship with bank customer is key for banks--but this relationship focus sometimes drives down pricing and spreads

- Trend toward dealing exclusively with the bank customer vs. direct

- Bank leasing environment is institutional, not entrepreneurial

- Trend toward bank Relationship Managers (RMs) being leasing people "dumbs down" the industry

- Leasing just one bank product

- Record volume in Q1, ahead of plan

- Corporate aircraft business is strong

- Large ticket marketplace very tough--duh !

- After the merger (of our company) leasing got elevated because of strong yield potential

- Norvergence did not result from lack of due diligence on the part of most lessors

o Leasing company just bought the paper
o Lessees did not understand this arrangement
o Internet created frenzy by lessees/media
o Lesson learned--know your vendor
o Neither leasing companies nor NorVergence intended to defraud customers

[headlines]

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Classified Ads---Help Wanted

“I just wanted to let you know that we filled the Asset Manager position as advertised in the Leasing News.  We got a very respectable response and filled the position within 30 days.  The applicant starts on Monday and I'll send you an announcement shortly thereafter.

“Thanks again for your help, and yes, you can use this for any purpose you like.

“Best regards,

Ed”

Edward P. Kaye
Advantage Funding
37-39 Ninth Street
Long Island City, NY  11101
718-392-1300 ext 14
718-392-5427 FAX  

Our free “job wanted ads” attract those seeking employment to our site. In addition to those out of work, the section is often viewed by those who are interested in a better position or realize something is going to change where they work and are looking in anticipation. The point is: our “job wanted” ads are not only well read, but the “help wanted,” too.

Equipment Leasing Marketing Specialist

Sales / Sales Representative

[headlines]

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News Briefs---

Dollar At 7 - Month Peak On Rates, EU Doubts
http://www.nytimes.com/reuters/business/business-markets-forex.html ?

Home prices in metro areas soar
http://www.usatoday.com/money/perfi/housing/
2005-05-22-nar-usat_x.htm

Median Home Price Chart ranked by change
http://www.usatoday.com/money/economy/housing/
2005-05-23-q1-prices-ranked.htm

Median Home Price Chart
http://www.usatoday.com/money/economy/housing/
2005-05-23-q1-home-prices.htm

Big mortgages can leave owners cold/Fears of Dot Com Bust
http://www.stltoday.com/stltoday/business/stories.nsf/story/
5D4B0775D8D5991D86257008003245C1?OpenDocument

Housing, hedge funds spur bubble worries Some experts fear low interest rates may have pumped too much cash into global markets
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/
2005/05/22/BUG5OCSNES1.DTL&type=business

Hotel chains focus on ZZZ
http://www.mercurynews.com/mld/mercurynews/living/travel/11710323.htm

Are declining long-term rates in our best interest?
http://www.boston.com/business/articles/2005/05/22/
are_declining_long_term_rates_in_our_best_interest/

[headlines]

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Sports Briefs----

Spurs Lead Series: The Real Duncan Shows Up in Time
http://www.nytimes.com/2005/05/23/sports/basketball/23suns.html

T.O.'s crossing pattern/no show/rip of McNabb
http://www.nydailynews.com/sports/football/story/311815p-266795c.html

[headlines]

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“Gimme that Wine”

A Taste of Vintage Virginia
http://www.nytimes.com/2005/05/20/travel/escapes/20wine.html

Maryland wineries cheered by U.S. Supreme Court ruling
http://www.gazette.net/200520/business/news/276278-1.html

Tennessee's State of Wine
http://www.wreg.com/Global/story.asp?S=3368664

Wineries sour on label changes/stating nutritional value
http://www.fortwayne.com/mld/journalgazette/living/11685524.htm

At Napa Valley Wineries, the Visitors Can Be Young and Bubbly
http://travel2.nytimes.com/2005/05/22/travel/22napa.html

[headlines]

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Top Events in History Today

    1865-Celebration of the end of the Civil War. http://memory.loc.gov/ammem/today/may23.html

[headlines]

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This Day in American History

    1785- Benjamin Franklin, Philadelphia, PA, writes his friend, George Whately, “ I have only to move my eyes up and down as I want to see distinctly far or near” as he describes his invention that day of a bifocal eyeglass. He was annoyed at having to carry two pairs of glasses. He took a frame and equipped it with lenses that consisted of two parts with a different focusing powers. Inasmuch as ordinary spectacles in the colonies cost as much as $100 each, a huge sum of money in those days, his invention did not receive ready popular response, as only the wealthy could afford glasses.
    1788- By a vote of 149 to 73, South Carolina became the eighth state to ratify the Constitution. The colony originally named in honor of Charles I of England, became one of the United States on this day. The eighth state also has the dubious honor of being the first state to secede at the start of the Civil War in 1861. Its capital city is Columbia. The state bird is Carolina wren. The yellow jessamine (jasmine) is the state flower. It is also called the Palmetto State, after the palm tree that decorates the land.
    1803-In the Tripolitan War (1801-1805), Commodore Edward Preble was commissioned as commander of a U.S. Navy squadron to be sent against Tripoli.
Today my son Dash is a seaman on the U.S.S. Preble, an Arleigh Burke –guided missile destroyer.
http://www.usspreble.org/commodor.html
http://www.dallaslibrary.org/cgi/goldmedals/edwardpreble.html
http://www.preble.navy.mil/
http://www.raytheon.com/businesses/rids/preble.html
http://www.navysite.de/dd/ddg88.htm
    1810-Birthday of Margaret Fuller, journalist and author born at Cambridgeport, MA, began reading Virgil at age six. Her conversational powers won her the admiration of students at Harvard University and she was befriended by Ralph Waldo Emerson. She shared editorial duties with Emerson on the Transcendentalist quarterly “The Dial,” and was hired by Horace Greely as literary critic for the New York Tribune. Her book “Women in the Nineteenth Century,” the first feminist statement by an American writer brought her international acclaim. In 1846, as a foreign correspondent for the Tribune, she became caught up in the Italian revolutionary movement and secretly married a young Roman nobleman, the Marquee Giovanni Angelo Ossoli. En Route to the US, Fuller and her husband and died July 19, 1950, when their ship was wrecked off Fire Island near New York, NY.
    1832-"I would rather die upon yonder gallows than live in slavery". Samuel Sharpe, Jamaican hero, hanged. 1832 -- Jamaican national hero Samuel Sharpe hung. Instigator of the 1831 Slave Rebellion which began on the Kensington Estate in Saint James and was largely instrumental in bringing about the abolition of slavery.
http://www.mfaft.gov.jm/Symbols/Heroes_Sharpe.htm
http://www.jamaicaway.com/Heroes/SharpePage.html
http://www.mfaft.gov.jm/Symbols/Heroes_Sharpe.htm
    1846-Arabella Mansfield, born Belle Auerlia Babb near Burlington, IA, was the first woman admitted to the legal profession in the US. In 1869 while teaching at Iowa Wesleyan College, Mansfield was certified as an attorney and admitted to the Iowa bar. According to the examiners, “ she gave the very best rebuke possible to the imputation that ladies cannot qualify for the practice of law. “ Mansfield never did practice law, however, continuing her career as an educator. She joined the faculty of DePauw University, at Greencastle, IN, where she became dean of the schools of art and music. One of the first woman college professors and administrators in the US, Mansfield was also instrumental in the founding of the Iowa Woman Suffrage Society in 1870. She died Aug 2, 1911, at Aurora, IL
http://women.eb.com/women/articles/Mansfield_Arabella.html
1865-Celebration of the end of the Civil War.
http://memory.loc.gov/ammem/today/may23.html
    1895-New York's then-governor Samuel J. Tilden was the driving force that resulted in the combining for the private Astor and Lenox libraries with a $2 million endowment and 15,000 volumes from the Tilden Trust to become the New York Public Library. The main branch of the library opened to the public this day
(lower half of: http://memory.loc.gov/ammem/today/may23.html)
    1900-Sergeant William H. Carney of the 54th Massachusetts Colored Infantry became the first black to win the Congressional Medal of Honor. He was cited for his efforts, although wounded twice, during the Battle of Fort Wagner, South Carolina, June 18, 1863. His commendation is very worth while reading:
http://www.newbedford.k12.ma.us/elementary/whc.htm
1903- Dr. Horatio Nelson Jackson of Burlington, VT, a physician, with Sewell K. Crocker of Seattle, WAS, as his mechanic, began the first non-professional transcontinental car trip. The same driver also drove the mileage in a 20 horsepower $2,500 Winton, manufactured by the Winton Motor Carriage Company of Cleveland, OH. Jackson and Crocker left San Francisco on May 23 and arrived in New York City on July 26. The average daily run was 25 miles. The trip lasted 63 days, of which 44 were spent traveling and 19 awaiting supplies, as there were very few gasoline stations, Howard Johnson's or even Seven-11's along the way. 1910-birthday of singer/guitarist/drummer Scatman Crothers, Terre Haute, IN
    1908-John Bardeen born Madison, Wisconsin; along with William Shockley and Walter Bratton, invented the transistor, which set the stage for all modern microelectronics. Bardeen was also the only person ever to win the Nobel Prize for Physics twice. Bardeen worked as a physicist for the U.S. Navy during World War II. After the war, he joined Bell Telephone Laboratories, where he worked on the electronic conducting properties of semiconductors. In 1947, his team invented the transistor, which won the group a Nobel Prize in 1956. Semiconductors replaced vacuum tubes in electronic equipment, making electronics progressively smaller, faster, and more durable. Bardeen became a professor of physics at the University of Illinois in Urbana. In 1972, he won a second Nobel Prize, with Leon Cooper and John Schrieffer, for their work on the theory of superconductivity. He died in 1991.
http://www.nobel.se/physics/laureates/1972/bardeen-bio.html
    1910-bandleader and clarinetist Artie Shaw birthday, whose real name is Arthur Arshawsky, was born in New York. Shaw formed his first orchestra in 1936, and two years later had a double-sided million-seller with "Begin the Beguine" and "Indian Love Call." One of the most popular artists of the swing era, Shaw is estimated to have sold more than 43-million copies of such records as "Frenesi," "Summit Ridge Drive" and "Dancing in the Dark." Artie Shaw was married eight times - two of his wives were Lana Turner and Ava Gardner. Shaw later became an author and a theatrical producer, and in the 1980's again began fronting a big band.
Birthday
http://www.parabrisas.com/d_shawa.html
http://www.artieshaw.com/
    1920- Helen O'Connell birthday, vocalist with Jimmy Dorsey's band from 1939 to 1943, was born. Her duets with Bob Eberly, backed by the Dorsey band, on such songs as "Amapola," "Tangerine" and "Green Eyes" sold millions of records. O'Connell and Eberly also appeared on a 1953 TV show with bandleader Ray Anthony, and for a while during the 1960's, O'Connell was the hostess on NBC's "Today" show. She died September 9, 1993, San Diego, CA
http://www.parabrisas.com/d_oconnellh.html
http://www.artistdirect.com/music/artist/bio/0,,474861,00.html?
artist=Helen+O%27Connell
    1922 - "Abie's Irish Rose", opened at the Fulton Theatre in New York City. The play continued for 2,327 performances and numerous revivals as well. It is estimated that some 50,000,000 people have seen the play performed somewhere in the world.
    1928--Singer Rosemary Clooney was born in Maysville, Kentucky. When Clooney was in her junior year in high school, she and her younger sister Betty began performing on Cincinnati radio station WLW. Bandleader Tony Pastor heard them, and soon the sisters were singing, in person and on record, with the Pastor orchestra. Betty tired of the road, and soon after Rosemary began a solo career. She signed with Columbia Records, and in 1951 had her first number-one hit, "Come On-A My House," a song chosen for her by producer Mitch Miller. Her other hits included "Hey There," "Tenderly" and "This Ole House." Clooney married actor Jose Ferrer in 1953. The marriage was a stormy one that eventually ended in divorce. Her domestic problems and a resulting weight problem took her out of circulation for some years. But she returned to singing in the 1970's and also had a very popular television show. She died on June 29, 2002.
http://www.rosemaryclooney.com/
    1932-birthday of guitarist/flutist Les Spann, Pine Bluff, AR http://www.fantasyjazz.com/catalog/spann_l_cat.html
    1934- Robert Moog birthday, inventor of the music synthesizer which bears his name, born New York City.
http://www.obsolete.com/120_years/machines/moog/
http://dir.salon.com/people/bc/2000/04/25/moog/index.html
http://remixmag.com/ar/remix_robert_moog/
    1934-Clyde Champion Barrow and Bonnie Parker were shot to death by Texas and Louisiana state police officers as they attempted to escape apprehension in a stolen 1934 Ford V-8 near Bienville Parish, Louisiana. Bonnie and Clyde met in Texas in 1930 when the nineteen-year-old Bonnie was tending bar. At the time, Bonnie was married to an imprisoned murderer. Soon after the two met, Clyde was arrested for burglary and sent to prison. Bonnie smuggled a pistol into the prison, and Clyde broke out. Over the course of their crime spree together, Bonnie and Clyde were believed to have committed thirteen murders and several robberies and burglaries. For over two years, the couple evaded local police officers in rural counties of Texas, Louisiana, and New Mexico. Not until the FBI, then called the Bureau of Investigation, became involved in the case did law-enforcement officials gain ground on Bonnie and Clyde.. In the spring of 1934, following tireless investigations, federal agents traced the gang to a remote county in Southwest Louisiana. A certain Methvin family was said to have been aiding and abetting the Bonnie and Clyde gang for over a year. It was learned that Bonnie and Clyde, along with some of the Methvins, had staged a party at Black Lake, Louisiana, on the night of May 21. Two days later, just before dawn, a posse of police officers from Texas and Louisiana, including Texas Ranger Frank Hamer, laid an ambush for Bonnie and Clyde along the highway near Sailes, Louisiana. In the early morning, Bonnie and Clyde appeared in their automobile. The officers reported that the coupe attempted to flee, but more likely, owing to the fact that Bonnie and Clyde had killed five policemen, the posse opened fire without warning. For two minutes, deputies showered the car with bullets. Both Bonnie and Clyde were killed in the barrage. Their bullet-riddled 1934 Ford later became a valuable collectible. Bonnie and Clyde gained a place in popular mythology as dustbowl Robin Hoods. The 1967 film Bonnie and Clyde, starring Warren Beatty as Clyde and Faye Dunaway as Bonnie, portrayed a charming and irreverent pair who took their game too far. Examination of the couple's past, as well as an examination of their victims, shows that Bonnie and Clyde were more likely carefree killers. Their popularity owed to the mistrust of the authorities of the Dustbowl during the Depression era, and to the couple's uncanny ability to elude the police for over two years.
    1940-Frank Sinatra, singing with the Tommy Dorsey Orchestra, records "I'll Never Smile Again," the first of several No. 1 hits he recorded while performing with Dorsey. The singer had joined the orchestra earlier that year.
    1941 - Buddy Baer was disqualified at the beginning of the seventh round as Joe Louis defended his heavyweight boxing title for the 17th time. Baer's manager refused to leave the ring when the round was ready to begin. He later became a well-known actor along with his brother, Max.
http://www.sacbee.com/static/archive/news/projects/people_of_century/
century_special/baers.html
http://french.imdb.com/Name?Baer,+Buddy
http://www.ifilm.com/ifilm/people/people_index/0,4128,168843,00.html
http://www.antekprizering.com/baerbuddysig.html
    1944 - Chicago University called it quits to sports when it announced plans to withdraw from the Big 10 Conference of the NCAA and all other athletic competition.
    1951---Top Hits
Mockingbird Hill -Patti Page
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
Too Young - Nat King Cole
Kentucky Waltz - Eddy Arnold
    1951- Jill E. Barad birthday. She became president of chief operating officer of Mattel, Inc., in 1992. She joined Mattel in 1981 as a product manager and became marketing director of the Barbie line in 1982. Under her guidance Barbie sales moved from $485 million in 1988 to more than $1 BILLION in 1994. Her marketing strategy included Hot Wheels as well as tie-ins with Disney, McDonald's, etc. She's made Mattel the largest toy manufacturing company in the world. She also bore two children while making her way to the top, not letting pregnancy slow her down. In fact, one of her major promotions came when she was five months pregnant. Today, there are more Barbie dolls in existence than there are people in the U.S.
http://www.surferess.com/CEO/html/jill_barad.html
http://aol.businessweek.com/1998/21/b3579001.htm
    1959---Top Hits
The Happy Organ - Dave ‘Baby' Cortez
A Teenager in Love - Dion & The Belmonts
Dream Lover - Bobby Darin
The Battle of New Orleans - Johnny Horton
    1962 - The National Basketball Association agreed to plans to transfer the Philadelphia Warriors to San Francisco, CA. The team became the San Francisco Warriors (now the Golden State Warriors).
    1962 - Joe Pepitone of the New York Yankees set a major-league baseball record by hitting two home runs in one inning. The rare feat lifted the Yankees past the Kansas City Athletics by a score of 13-7.
    1967---Top Hits
Groovin' - The Young Rascals
Respect - Aretha Franklin
I Got Rhythm - The Happenings
Sam's Place - Buck Owens
    1973- Clive Davis, president of Columbia Records, was fired by boss Arthur Taylor. Davis wrote a book about his experiences, and later formed Arista Records.
http://www.lipservicemag.com/clive.htm
http://www.livedaily.citysearch.com/artist/320.html
http://www.amazon.com/exec/obidos/ASIN/0688028721/fast-bkasin-20/
002-0667839-4443242
    1975---Top Hits
Shining Star - Earth, Wind & Fire
Before the Next Teardrop Falls - Freddy Fender
Jackie Blue - Ozark Mountain Daredevils
I'm Not Lisa - Jessi Colter
    1979-The New England Whalers of the National Hockey League changed their name to the Hartford Whalers. The team was an original member of the World Hockey Association and won the first WHA championship, the Avco World Cup, in the 1972-73 season. When the WHA folded following the 1978-79 season, the Whalers were one of four WHA teams taken into the National Hockey League.
    1983---Top Hits
Let's Dance - David Bowie
Flashdance...What a Feeling - Irene Cara
Little Red Corvette - Prince
Common Man - John Conlee
    1991---Top Hits
I Like the Way (The Kissing Game) - Hi-Five
Touch Me (All Night Long) - Cathy Dennis
Here We Go - C + C Music Factory Presents Freedom Williams and Zelma Davis
If I Know Me - George Strait
    2000 ---Joining Babe Ruth and Ted Williams, Seattle's Rickey Henderson draws his 2,000th career walk becoming only the third player in baseball history to reach the milestone.

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Baseball Poem

        Rookie Instructions

On the path to second
you don't hesitate
or guess.
You read the pitcher,
his motion,
stance, arms,fanny,
grip on the ball,
and his legs

His whole body
tells you more
than any
history teacher ever did.

After looking,
take a few feet,
and dare the future.
Run hard
and slide.
Never, never
look back,
and if you're tagged
out,
I'll tell you about
the catcher.

Written by Robert L. Harrison,
“Green Fields and White Lies,”
Baseball poems, published by McFarland
& Company