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Headlines---
Classified
Ads---Senior Management
Needs
Your Help--Info on EXCEL, Florida
Key
Equipment Names Brian Pothoff, EVP N.A.
Rabobank
to Acquire Ag Services of America
Merger
Completed Mid-State B&T/Ojai Valley Bank
Fitch
Upgrs PN Bancorp/Acquisition by Wells Fargo
Fitch
Places ORIX Special Servicer Rating Watch Negative
Orix
Motivation Posters---Reaction
Cartoon-Orix
New CEO Gary Corr Learning to Relax
Classified
Ads---Senior Management
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: 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: 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.com
Senior
Management: Tampa FL.20+ years of small to middle ticket finance,
operations and sales management experience. Outstanding record of revenue
enhancement, operational improvement and team development. Email: rlindcpa@earthlink.net
view all job wanted ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
_____________________________________________________________________
Needs
Your Help--Info on EXCEL ,
Florida ----
“The Case on EXCEL
Investment Group is being handled by
the Florida Dept.
of Financial Services, Bureau of Financial regulation. The Top Investigator is Mike Lipsitt (305) 810-1106.
“ HE WANTS TO HEAR
FROM ALL THE OTHER BROKERS who had customers fall prey to them.
“ It is a HUGE case
now and this Investigator has been on the case for
weeks and weeks. He knows the whereabouts of Peter Gonzales(
principal at
Excel.) Peter went up the road to an office called
Lyon Financial in Miami. I have
the address and phone number, but the Investigator is "watching
him" and they only want cooperation from all of us in the form
of a formal complaint in writing with any supporting documentation.
“This can be faxed
direct o Mike Lipsit at (305) 810-1100.
“I have sent him
all my stuff already, and he's hoping to see more from everyone.
“Kit - could you
post this so the Word gets out ???
Thank you.”
Rosanne Wilson, President
1st Independent Leasing,
Inc.
rosanne@1stindependentleasing.com
Rosanne Wilson, President
1st Independent Leasing,
Inc.
"Equipment Leasing
Specialists"
(800) 926-0851
-------------------------------------------------------------------------
#### Press Release
##########################
KEY
EQUIPMENT FINANCE
NAMES
BRYAN
POTTHOFF
EXECUTIVE
VICE PRESIDENT, NORTH AMERICA
http://two.leasingnews.org/photos/potthoff.jpg
SUPERIOR, CO, --
Key Equipment Finance, one of the
nation's largest
bank-held equipment financing companies, has announced
that Bryan Potthoff
has been named executive vice president, North America,
within Key's global
vendor services business. In this role Mr. Potthoff
will have day-to-day
operational responsibility for Key's largest vendor
leasing business
unit. Prior to this announcement, Mr. Potthoff led Key
Equipment Finance's
global development and support of vendor equipment
financing programs
in the company's European region. He and his family have
returned to the Boulder,
Colorado, area, home of Key Equipment Finance's
worldwide headquarters,
after a two-year assignment in the United Kingdom.
"Bryan has been instrumental in the development of many of our
existing
vendor programs and
the unique structures that support them," said Karen L.
Larson, president
and chief operating officer, Key Equipment Finance,
global vendor services.
"Bryan's contributions to Key have been
significant, and
in his new role, he will bring the North American business
unit new focus and
leadership."
Mr. Potthoff joined
Key Equipment Finance (then Leasetec Corporation) in
1991 as director
of treasury and banking relationships. He was promoted to
treasurer in 1997
and to vice president in 1998. In 2000 he was named
senior vice president,
risk management and treasury. In February 2002 he
became executive
vice president of the European region. Prior to joining
Key, Mr. Potthoff
held the position of vice president for First Interstate
Bank in Denver, Colorado.
Mr. Potthoff earned
his bachelor of science degree from the University of
Colorado in Boulder,
Colorado, where he graduated with honors. He then
earned his MBA with
an emphasis in corporate finance from the University of
Southern California
in Los Angeles, California.
Key Equipment Finance
is an affiliate of KeyCorp (NYSE: KEY) and provides
business-to-business
equipment financing solutions to businesses of many
types and sizes.
They focus on four distinct markets:
· businesses of all sizes in the U.S. and
Canada (from small business
to large corporate);
· equipment manufacturers, distributors and
value-added resellers
worldwide;
· federal, provincial, state and local governments
as well as other
public sector organizations;
and
· lease advisory services for manufacturers'
captive leasing and
finance companies.
Headquartered outside
Boulder, Colorado, Key Equipment Finance oversees an
$8.7 billion equipment
portfolio with annual originations of approximately
$3.5 billion. The
company has major management and operations bases in
Toronto, Ontario;
Albany, New York; London, England; and Sydney, Australia.
The company, which
operates in 24 countries and employs more than 600
people worldwide,
has been in the equipment financing business for 30
years. Additional
information regarding Key Equipment Finance, its products
and services can
be obtained online at KEFonline.com.
Cleveland-based KeyCorp
(NYSE: KEY) is one of the nation's largest bank-
based financial services
companies, with assets of approximately $85
billion. Key companies
provide investment management, retail and commercial
banking, consumer
finance, and investment banking products and services to
individuals and companies
throughout the United States and, for certain
businesses, internationally.
The company's businesses deliver their
products and services
through KeyCenters and offices; a network of nearly
2,200 ATMs; telephone
banking centers (1.800.KEY2YOU); and a Web site,
Key.com®, that provides
account access and financial products 24 hours a
day.
#### Press Release
#########################
Rabobank to Acquire
Ag Services of America, Inc.; Rabobank Continues Its Expansion of US
Agri-Business Finance
((http://www.delagelanden.com/)
offers leasing and vendor financing))
NEW YORK & UTRECHT,
Netherlands----Rabobank International, the corporate and investment
banking arm of The Netherlands-based Rabobank Group,
announced that it has entered into an agreement to acquire Ag
Services of America, Inc. (NYSE:ASV).
Under the terms of the agreement, Rabobank would purchase 100 percent
of the shares of Ag Services of America. Ag Services of America shareholders
will receive value equivalent to US$8.50 in cash for each Ag Services
of America share, a premium of 39 percent over the closing price of
$6.12 on October 31, 2003. This price values the total issued shares
of Ag Services of America at approximately $47 million. Rabobank plans
to finance the transaction from existing funds.
Ag Services of America, Inc., based in Cedar Falls, Iowa, is a
supplier of crop production financing to primarily corn and soybean
growers in the U.S. Ag Services also administers financing programs
for suppliers, manufacturers and distributors in the agricultural industry
in addition to providing ancillary services such as crop insurance and
grain marketing programs. The company employs approximately 115 people
in Cedar Falls and throughout the U.S. Ag Services of America has originated
approximately $265 million in loans for the current crop year.
The acquisition has been approved by the boards of directors of
both Rabobank International and Ag Services of America. The sale is
expected to close on or about December 31, 2003, subject to approval
by Ag Services of America's shareholders and the Dutch Central Bank.
Rabobank said that its acquisition of Ag Services of America builds
upon its strategy of exporting its core competencies in retail banking
and agricultural lending from its home market of The Netherlands to
the most promising markets around the world. This acquisition will broaden
and deepen Rabobank's capabilities and geographic reach in the U.S.
to the agricultural sector.
Following the closing of the sale, Ag Services of America will
be renamed Rabo Ag Services of America. Ag Services of America will
largely retain its current structure. Ag Services of Americas' current
CEO Kevin Schipper will retain his current position leading the new
subsidiary of Rabobank International. During the transition and following
the close of the sale, Ag Services of America will continue to provide
credit products and services to its clients seamlessly and without interruption.
Cor Broekhuyse, Regional Head of the Americas for Rabobank International,
said, "We are very pleased about the acquisition of Ag Services,
which complements our previous investments in VIB Corp and Lend Lease
Agri-Business (now Rabo Agrifinance). With this acquisition we will
be able to deliver all the short and long term financing products that
our farming clients need."
Kevin Schipper, Chief Executive Officer of Ag Services of America,
said, "We are excited to become a part of Rabobank, a group that
closely represents the ideals and dedication to agriculture that we
have based our company on for 18 years. Becoming a part of a global
agricultural network with immense resources and financial stability
will enhance our business and allow us to develop even more competitive
products and services to meet the growing needs of commercial producers."
About the Rabobank Group
The Rabobank Group (http://www.rabobank.com) is a broad financial
services provider. Its cooperative foundation has given it a clear customer
focus. All the divisions of the Group work in close cooperation in order
to jointly offer customers the best possible price-quality ratio and
a wide range of financial services and products, such as payment, saving,
lending, insuring and investing. The Group consists of 341 independent
local cooperative Rabobanks and encompasses specialized subsidiaries
and entities such as De Lage Landen (leasing and vendor financing),
Gilde Investment (Venture Capital), Interpolis (insurance), Rabobank
International (corporate and investment banking) and Robeco (asset management).
The Group is represented internationally with 169 locations in 34 countries.
The Rabobank Group has received the highest credit rating from Moody's
and Standard & Poor's. The Rabobank Group has over nine million
private and business customers and is market leader in The Netherlands
in virtually every area of financial services.
About Ag Services of America, Inc.
Ag Services of America, Inc. (http://www.agservices.com) is one
of the leading providers of crop input financing and agricultural services
to primarily corn and soybean growers in the central U.S. The Company
offers competitive and flexible financing packages through its primary
product, AgriFlex Credit(R). The Company also administers additional
financing programs for various suppliers, manufacturers and distributors
in the agricultural industry and provides ancillary services such as
crop insurance and grain marketing.
Additional Rabobank Group Information
U.S. Operations
The Rabobank Group's U.S. banking operations, Rabobank International
USA (http://www.rabobank.com/), offer corporate and investment banking
services, primarily in the food and agriculture industry, through offices
in New York, Atlanta, Chicago, Dallas and San Francisco. Through Valley
Independent Bank (http://www.vibank.com), Rabobank offers retail banking
services in California. Rabo Agrifinance (formerly Lend Lease Agri-business)
services farmers real-estate financing needs across the U.S. DLL USA,
another U.S. member of the Rabobank Group, (http://www.delagelanden.com/)
offers leasing and vendor financing, and Robeco (http://www.robeco.com/)
offers a wide range of investment and advisory products through its
subsidiaries Weiss, Peck & Greer, Harbor Capital and Sage Capital.
Management
Rabobank Group
-- Mr. Bert Heemskerk,
Chairman of the Executive Board of
Rabobank Group
-- Mr. Rik J.M.G van Slingelandt,
Member of the Executive Board of Rabobank Group; Chairman, Rabobank International
Rabobank International (USA)
-- Mr. Cor Broekhuyse,
Executive Vice President, Regional Head of the Americas
financial Summary
2002 2002 Change
from
(in EUR millions)
(in USD millions) 2001
Net Profit: 1,250 1,197 +4%
Total Income: 8,564 8,199 +2%
Total Assets: 374,720 358,770 +3%
The Rabobank Group has received the highest credit rating from
Moody's and Standard and Poor's for more than 15 years.
CONTACT:Gavin Anderson
Krista Ruhe, 212-515-1971 kruhe@gavinanderson.com
### Press Release
#############################
Merger
Between Mid-State Bank & Trust and Ojai Valley Bank Completed
(services include business equipment leasing)
OJAI, Calif.---Officials
from Mid-State Bancshares (Nasdaq:MDST) and Ojai Valley Bank signed
documents on Friday, October 31 to officially complete the merger between
the two companies. Ojai Valley Bank will merge into Mid-State Bank &
Trust, the wholly-owned subsidiary of Mid-State Bancshares. The merger
gives Mid-State Bancshares a total of $2.2 billion in assets.
"One of the things that made this merger so attractive to
both banks is that we have a similar philosophy of providing premium,
friendly service," said James W. Lokey, Mid-State Bank & Trust
president and chief executive officer. "We have retained Ojai Valley
Bank's front line staff, so customers will continue to be served by
the same friendly professionals they always have. Both banks have a
tradition of community involvement and we plan to continue the close
relationship Ojai Valley Bank has had with the community here."
The merger will give Mid-State Bank & Trust two new offices
in Ventura County -- one in Ojai and one in Oak View -- for a total
of nine offices in Ventura County and 41 offices bank wide.
"We will be better able to serve our current customers who
live in the Ojai area and work in Oxnard and Ventura," said Lokey.
"Ojai Valley Bank customers will have seven more locations to bank
at in Ventura County and will have access to many products and services
for the first time." These products and services include mortgage
loans and refinancing, personal and business debit cards, trust administration,
investment management, business equipment leasing, and electronic cash
management. In addition, Mid-State Bank & Trust can provide larger
commercial loans to business customers.
"Ojai Valley Bank has served this area well for 30 years and
it is important to us that we maintain that level of local service,"
said Lokey. "Lending decisions will continue to be made locally
and money deposited in our bank will be invested back into the community
through loans to local residents and businesses."
The $23.7 million deal was approved by Ojai Valley Bank shareholders
at a special meeting on October 23, 2003. Shareholders will receive
either Mid-State Bancshares stock, cash, or a combination of stock and
cash, equivalent to $80.16 per share.
Ojai Valley Bank was founded in 1973. It had $88.4 million in assets
as of June 30, 2003 and had a net income of $1.1 million in 2002. It
received the highest rating in 2000, 2001, and 2002 from The Findley
Reports, the leading bank analyst on the West Coast.
Mid-State Bancshares is a $2.2 billion holding company for Mid-State
Bank & Trust, an independent, community bank serving California's
San Luis Obispo, Santa Barbara, and Ventura Counties. Since opening
its doors in 1961, the Bank has grown to 41 offices serving more than
100,000 households.
CONTACT:Mid-State
Bancshares James G. Stathos, 805-473-6803 Web site: www.midstatebank.com
SOURCE: Mid-State
Bancshares
### Press Release
##################################
Fitch
Upgrs Pacific Northwest Bancorp's Rtgs Following Acquisition by Wells
Fargo
Fitch Ratings-3:
Wells Fargo & Company (WFC) announced today the completion of its
acquisition of Pacific Northwest Bancorp (PNWB). Following this announcement,
Fitch Ratings has upgraded the ratings of Seattle-based PNWB and its
banking subsidiary, Pacific Northwest Bank, to coincide with WFC's ratings
('AA' senior, Stable Outlook). PNWB's ratings are removed from Rating
Watch Positive where they were placed following the May 19, 2003 announcement
of the acquisition. A list of Pacific Northwest Bancorp's ratings is
provided at the end of this release.
The acquisition expands
WFC's existing franchise in Washington and Oregon adding approximately
$2.9 billion in assets and 57 branches. Many members of PNWB's highly
regarded management team, in place since 2000, have assumed senior positions
in the region for WFC. The systems and product integration is expected
to be completed in 2Q04.
### Press Release
####################################
________________________________________________________________________
Leasing
Industry Help Wanted
|
About the Company: www.pentechfinancial.com |
|
|
|
Documentation/Credit--customer
service, general office, part-time to full-time, computer knowledge
necessary, looking for a bright, fun person for small staff in
Santa Clara, California fax resume 800-727-3851 or e-mail: maria@americanleasing.com
About the Company: American Leasing is a 32 year old lessor/broker with mostly repeat business. 
|
 Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to jobs@balboacapital.com and reference leasingnews in subject line. |
|
|
 Seeks experienced small ticket B2B leasing sales professionals in the western U.S. Very generous commission sharing with salary draw and benefits. Resumes mworxphx@yahoo.com |
|
|
_____________________________________________________
#### Press Release
##########################
Fitch Places ORIX Special Servicer Ratings on Rating Watch
Negative
Fitch Ratings-New
York-: Fitch Ratings places ORIX Capital Markets (ORIX) special servicer
rating on Rating Watch Negative due to strategies it employs to work
out troubled loans. In Fitch's opinion, ORIX's special servicing strategies
are more consistent with the practices of a Fitch rating of 'CSS2' or
'CSS3' than their current Fitch 'CSS1' rating.
'ORIX often pursues
resolution of perceived errors or loopholes in loan or deal documents
by initiating aggressive litigation,' said Stephanie Petosa, Senior
Director, Fitch Ratings. 'This strategy presents a higher risk to the
financial interest of the certificate holders.'
Fitch servicer ratings
take into account not only operational competency, but the methods and
strategies servicers employ when conducting their business. While Fitch
views ORIX to be an overall capable special servicer, the litigation
strategies the company is employing on certain assets present high risks
to the financial interest of the trusts. While the legal pursuit of
claims could yield superior returns, the strategy presents a risk of
producing very significant losses. Therefore, the ORIX special servicer
rating of 'CSS1' is placed on Rating Watch Negative.
Contact: Stephanie
Petosa +1-212-908-0720 or Susan Merrick +1-212-908-0725, New York.
#### Press Release
#############################
Orix
Motivation Posters---Reaction
http://two.leasingnews.org/loose_files/Orix_Motivational_Posters.ppt
The ORIX motivational
posters was a classless gesture on the part of Leasing
News.
Eric Gross
Director of Sales
and Marketing
Portfolio Financial
Servicing Company
2121 SW Broadway
Portland, OR 97201
Direct (503) 721-3226
Fax (503) 274-0439
(You are entitled
to your opinion. Sometimes humor
is to close to fact and
the receiver doesn’t
appreciate it. By the way, who
ever said we had “class?”
We’re “street fighters”
and proud of it. editor )
---
What a riot....!!!
I have been laughing
all morning.....
Next time maybe they
will talk to you!!!!!
Please get me signed
up for a paid subscription....
(name with held on request, a present Orix employee)
____
I am confused by
the critical comment of Eric Gross about your publishing
the "Orix Motivational
Posters." Parody has been
a mainstay of American
journalism since
our pre-revolutionary days. Certainly
Orix's refusing to
respond to your queries
makes them fair game.
Given their capacity
to mistreat terminated management employees, your jibe was particularly
fitting.
Thanks for the laugh
-- and the message.
Barry Reitman
Keysone Equipment
Leasing, Inc.
badguy@keystoneleasing.com
Winner of the 2002
Jimmy Award for Cub Reporting
(Many of your readers
are probably unaware that there even was any reporting
about cubs in 2002. After all, they weren't Pennant contenders
until this
year. )
---
I have to admit that
I laughed out loud at the power point, without really
thinking about Orix
until Mr. Gross made the comment.
I can certainly understand
a lack of a sense of humor in situations where
the "joke"
is at someone's expense, but really the power point would have
been funny WITHOUT
associating it to Orix and current events there.
My impression is
that Mr. Gross was addressing the fact that Leasing News
took a shot at Orix
by publishing the PPT and "dedicating it" to Orix.
Class would have
been: Leasing News not taking the shot.
Class would have
been: Orix returning your calls.
Two wrongs don't
ever make a right, but two things are true, three that I
stand by.
1) The Power Point
was funny.(and I needed the laugh)
2) Orix did not return
your calls.
3) Mr. Gross is upset
that Leasing News published the PPT
This is a news publication,
that has entertained it's readers for some time.
It is regrettable
that news and humor can offend but it is the nature of
publishing:
You can't please
everyone.
Regards,
Fred St Laurent
Managing Director
TheBlassGroup
1303 Hightower Trail,
Suite 150
Atlanta, GA 30350
office: 770.668.0000 x14
fax: 202-318-4279
fred@theblassgroup.com
<mailto:fred@theblassgroup.com>
http://www.theblassgroup.com
<http://www.theblassgroup.com/>
"Performance
Recruiting Delivers Exceptional Talent"
----
I just wanted you
to know that you are on the right track...
You should do some
digging into why Jay was cut loose this way... he didn't get the usual
treatment...
The only people that
I know, who know what is really going on are managers.
You won't have much
luck there because of the threats being made.
This leads me to
believe that there is a real story here... more than just the changes
in leadership...
Name With Held
(an “insider” and
therefore can’t reveal his name.)
___
I saw the Monitor
story and can sum it up in ONE WORD:
Propaganda!
This was written
by a recruiting firm, NOT a newsworthy source. The Monitor is just a
“bully pulpit” for their clients. I do not consider them a News Source.
They repeat information published elsewhere OR they will
make announcements
for their clients, spin doctors if you will, for hire.
(I prefer the Wall Street Journal or better yet www.dowjonesnews.com
for real financial news&. and of course Leasing News for leasing
information&)
Let's talk about
the article. When discussing Jay Holmes departure; if as Mr. Corr stated:
These objectives
were achieved, and both the organization and our customers will now
benefit from a redesigned structure. We thank Jay for his contribution
to ORIX, for the culture he built here, and for the many fine people
he brought into the organization."
'Why didn’t they
ask the tough question? Why was Jay let go in the first place? Am I
to believe that Jay left BECAUSE he did a good job and he achieved his
objectives? AND THE WAY he was let go! Why was it not done as others
have been transitioned out? This was abrupt, cold, calculated and in
the night&. NOT what we normally see & ORIX does not let managers
go in this way, as a normal practice.
They are not talking
about WHY Jay is gone. No comment.
No Kit, this was
NOT a news story in the Monitor and they certainly didn’t scoop you
This was just marketing.
They did NOT ask the tough questions, so there were NO answers&
ORIX will not call you back, because YOU ask the tough questions.
Confidentially yours,
Anonymous
----
I
have watched all of the comments about Orix over the past couple of
weeks with quite a bit of interest.
We did a fair amount of business with Orix when Steve Geller
was running the broker division in Orangeburg.
Steve was always a great guy to work with and always worked
hard to put a deal together. As I recall he always looked out for the company
and negotiated hard to get Orix the best rates, terms and risk profile
while still giving us what we needed to close the deal.
After
Steve left, like most funding sources that decide third party business
is no longer viable, we lost all contact with Orix. Not because we
wanted to but because they simply did not respond to us after everything
moved to Atlanta. This was
despite the fact that we were still owed tens of thousands of dollars
in hold backs and commissions that remain unpaid until this day.
We were considering legal action against Orix but, given the
recent turn of events, that would probably be an exercise in futility. In our particular instance their collection
procedures were woefully inadequate, they had valuable equipment that
was never repossessed and disposed of properly and their own documentation
demonstrates that they made modifications to a customer's lease even
when it appeared that none were warranted. Someone there acted either
out of stupidity or sheer greed. We never had any such experience when we worked
with Steve Geller and his group.
Given
Orix's long history of success I chalked it up to a bad break for
Steve Geller and LeaseNOW. From
the comments in Leasingnews it appears that many were victimized by
the management team and the changes they made at Orix.
I
do have one question that maybe leasingnews readers can answer. If
I remember correctly Mr. Holmes has a "hand picked" team
that travels with him wherever he goes.
What has become of them? This
is not the first time that Mr. Holmes has gone to a company, "accomplished
his objectives" and then left.
As I recall, this is somewhat of a specialty with Mr. Holmes
and his team. Did he not get his start many years ago here in Pittsburgh with
Westinghouse Credit? Is this
the same guy or could there be more than one Mr. Holmes that fit that
description?
Bob
Rodi, CLP
President
LeaseNOW,
Inc.
drlease@leasenow.com
www.leasenow.com
1-800-321-LEASE
(5327) x101
Cartoon
http://two.leasingnews.org/cartoons/Learning-to-relax.jpg
News
Briefs---
Construction
Surges to Record in September –Fastest since 2000
Factory
Growth Accelerates in October
http://reuters.com/printerFriendlyPopup.jhtml?type=businessNews&storyID=3743361
Chip
sales rise 17% in September
http://www.boston.com/business/globe/articles/2003/11/03/chip_sales_rise_17_in_sept/
Companies
seek gains by investing more in tech
http://www.usatoday.com/money/industries/technology/2003-11-03-spend_x.htm
Automakers
Optimistic for Rest of 2003
http://www.washingtonpost.com/wp-dyn/articles/A60710-2003Nov4.html
NACM
"Credit Manager's Index Highest Since Feb.2002
http://www.nacm.org/resource/press_release/pressOct03.html
Fundraising Remains Slow in Q3—NVCA Full
Report
http://www.nvca.org/pdf/Fundraising%20Q3-03%20Final.pdf
Jobs
Still Missing From Economic Recovery
http://www.nytimes.com/aponline/business/AP-Where-Are-the-Jobs.html
Borrowing
plan would be largest amount ever for a quarter
http://www.signonsandiego.com/news/business/20031103-1304-treasuryfinancing.html
Southern
California Fires Contained
http://www.sfgate.com/cgi-bin/article.cgi?f=/news/archive/2003/11/03/state2010EST7765.DTL
Fires
take huge toll on California's economy
http://www.signonsandiego.com/news/fires/20031103-9999_1n3disaster.html
Luxury
home sales rising in Silicon Valley, California
http://www.bayarea.com/mld/mercurynews/business/7170095.htm
------------------------------------------------------------------------------------------------------
California
Nuts briefs----
Schwarzenegger
team considering spending cap, huge bond issue
http://www.signonsandiego.com/news/state/20031103-1753-ca-statebudget.html
Gov.-elect
names finance chief Riordan to be education secretary
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/04/APPOINT.TMP
President
.Bush will tour fire w/Gov. Gray Davis and
Gov.-elect
Arnold Schwarzenegger.
http://www.signonsandiego.com/news/fires/20031103-1913-fireslead.html
------------------------------------------------------------------------------------------------------------
"Gimme
that Wine"
Gil
Nickel, Chaine des Rôtisseurs member, wine maker,
opened
his house and winery for us many times, will
be
missed; he had it all, but his health.
http://www.winespectator.com/Wine/Daily/News/0,1145,2228,00.html
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1646 -The Massachusetts Bay Colony passed a law making it a
capital offense to deny that the Bible was the Word of God. Any person
convicted of the offense was liable to the death penalty.
1862-The Gatling gun, designed by Richard Jordan Gatling, was
given a patent. Its chief feature, six barrels revolving around a central
axis, permitted high rates of fire.
The first gun was, which fired 250 shots a minute, was made in
Indianapolis. It was not employed by Union forces for over two years,
first utilized in the siege of Petersburg, Virginia in the 1864-65 battles.
The military did not know how to utilize the new weapon and the general
was later demoted. It was later utilized successfully
by the
military in the West against American Indians who had bows and arrows,
(a few
had captured
rifles but had no ammunition.)
1873- Dentist John Beers of San Francisco
patents the gold crown
1898- The first church to bear the Pentecostal
Holiness name was organized at Goldsboro, NC, under the leadership of
Methodist evangelist Ambrose Blackman Crumpler, 35.
1864-Battle of Johnsonville, Tennessee. In the summer of 1864,
Sherman captured Atlanta, and by November he was planning his march
across Georgia. Meanwhile, the defeated Confederates hoped that destroying
his line would draw Sherman out of the Deep South. Nobody was better
at raiding than Forrest, but Union pursuit had kept him in Mississippi
during the Atlanta campaign. Johnsonville was an important transfer
point from boats on the Tennessee River to a rail line that connected
with Nashville to the east. When Sherman sent part of his army back
to Nashville to protect his supply lines, Forrest hoped to apply pressure
to that force. Forrest began moving part of his force to Johnsonville
on October 16, but most of his men were not in place until early November.
Incredibly, the Union forces, which numbered about 2,000, seem to have
been completely unaware of the Confederates just across the river. Forrest
brought up artillery and began a barrage at 2 p.m. on November 5. The
attack was devastating. One observer noted, "The wharf for nearly
one mile up and down the river presented one solid sheet of flame."
More than $6 million worth of supplies were destroyed, along with four
gunboats, 14 transports, and 20 barges. General George Thomas, commander
of the Union force at Nashville, had to divert troops to protect Johnsonville. After the raid, Forrest's reputation grew,
but the raid did not deter Sherman from embarking on the March to the
Sea, his devastating expedition across Georgia.
1879-Birthday of Will Rogers, American writer, actor, humorist
and grassroots philosopher, born at Oologah, Indian Territory ( now
Oklahoma). With aviator Wiley
Post, he was killed in an airplane crash near Point Barrow, AK, August
15, 1935. “ My forefathers, “ he said, “didn’t come over
on the Mayflower, but they met the boat.”
1879-African-American T. Elkins patents the refrigerating apparatus.
1884-Grover Cleveland was elected president of the United Sates;
Thomas A. Hendricks was elected vice-president. The electoral vote was
Cleveland, 219; James G. Blaine, Republican of Maine, 182. The popular vote was Cleveland 4,911,017;
Blaine 4,848,334. In congressional
elections, the Republicans gained five seats in the Senate to gain a
43-34 majority. In the House, the Republicans gained 22 seats, but the
Democrats held a 183-140 majority.
Robert M. La Follette, ‘Republican of Wisconsin, was elected
to his first term in the House of Representatives.
A celebrated presidential campaign slogan aimed at Grover Cleveland
was, “Ma,Ma, where’s my Pa?---a reference to Cleveland’s admission that
he fathered a child out of wedlock. To this query the Democrats would
reply, “ Gone to the White House, ha, ha, ha.”
1897- the first Library of Congress building opened its doors to
the public. Previously, the Library had been housed in the Congressional Reading Room
in the U.S. Capitol.
http://memory.loc.gov/ammem/today/nov01.html
1906-Birthday of Robert Bernard “Bob” Considine, sportswriter and
author, born at Washington, DC. Considine
parlayed some early success as a tennis player and a job as a federal
government clerk into a career as a sportswriter. He covered baseball
starting in 1933 and soon became a columnist for the Hearst newspapers.
He branched out into politics and national affairs and served as a war
correspondent during World War II.
He wrote or coauthored more than 25 books, including the screenplay
for “Pride of the Yankees,” the film biography of Lou Gehrig, Died at
New York, NY, Sept 1, 1975.
1916-Birthday of Walter Leland Cronkite, Jr., journalist, former
anchor for “CBS Evening News, Born St. Joseph, MO.
1918-Birthday of Art Carney,
actor ( Oscar for “Harry and Tonto; six Emmys for “The Honeymooners.”,
born Mount Vernon, NY.
1919-Birthday of bass player Joe Benjamin, Atlantic, City, NJ
http://www.jazzvalley.com/musician/joe.benjamin
http://shopping.yahoo.com/shop?d=product&id=1927041585
1922—Birthday of pianist Ralph Sutton, Hamburg, MO
http://www.artistdirect.com/music/artist/bio/0,,499089,00.html?artist=Ralph+Sutton
http://www.riverwalk.org/profiles/sutton.htm
http://www.jazzcanadiana.on.ca/_SUTTON.htm
1924 - Calvin Coolidge was elected to the top office of the United
States. Coolidge was already in the office of president having to complete
Warren G. Harding’s term (Harding died in office). The electoral vote
was Coolidge 382; John, W. Davis, Democratic candidate, 13. The popular vote was Coolidge 15,725,016; Davis
8,385,503, La Follette, 4,822,856.
The huge Republican victory in the presidential election was
anticipated The Democrats had torn themselves apart in a struggle for
the nomination. Gov. Alfred E. Smith of New York represented
the East and the big cities, and William G. McAddo of Tennessee, the
southern and western parts of the country. The eventual nominee was
John W. Davis, an able man but almost unknown to the voters.
The Republicans, on the other hand, could point with pride to
Calvin Coolidge and a record of prosperity.
The Democrats tried to make much of the scandals of the Harding
administration but failed to stir the electorate.
In fact, despite a strong third party in the field, only about
half of those eligible to vote did so.
1924-The first woman governor was Nellie Taylor Ross, Wyoming,
elected to fill the unexpired term of her late husband, William Bradley
Ross. From 1933 to 1935, she served as director of the Mint, the first
woman to do so.
1926-Birthday of percussionist Carlos “Potato” Valdez, Havana,
Cuba http://www.jazzgalerie.de/galerieseiten/VC1.HTM
1928-Arnold Rothstein, New York's most notorious gambler is shot
and killed during a poker game at the Park Central Hotel in Manhattan.
After finding Rothstein bleeding profusely at the service entrance of
the hotel, police followed his trail of blood back to a suite where
a group of men were playing cards. Reportedly, Rothstein had nothing
good in his final hand.
In the 1920's, Rothstein began
purchasing nightclubs, racehorses, and brothels. He had such a formidable
presence in the criminal underworld that he was reportedly once paid
half a million dollars to mediate a gang war. As Rothstein's fortune
grew to an estimated $50 million, he became a high-level loan shark,
liberally padding the pockets of police and judges to evade the law.
He is fabled to have carried around $200,000 in pocket money at all
times.
Rothstein's luck finally ran out in 1928 when he encountered an unprecedented
losing streak. At a poker game in September with "Hump" McManus,
"Nigger Nate" Raymond, and "Titanic" Thompson, Rothstein
lost a cool $320,000 and then refused to pay on the grounds that the
game had been rigged. Two months later, McManus invited Rothstein to
play what would be his final poker game. Police were never able to identify
Rothstein's murderer. Asked who had shot him before dying, Rothstein
reportedly put his finger to his lips and kept the gangsters' code of
silence.
1928-Birthday of drummer Larry Bunker, Long Beach, CA.
http://www.jazzvalley.com/musician/larry.bunker
http://shopping.yahoo.com/shop?d=product&id=1927046069&clink=dmmu.artist&a=b
1936- Future U.S. Senate Chaplain Rev. Peter
Marshall, 34, married Catherine Wood, 22. Following Peter's premature
death at age 46, Catherine immortalized his name through her 1951 best
selling biography, "A Man Called Peter."
1939-The Packard Motor Car Company, Detroit, publicly exhibited
the first air-conditioned car at the 40th Automobile Show, Chicago,
IL. Air in the car was cooled to the temperature desired, dehumidified,
filtered, and circulated. The
refrigerating coils were located behind the rear seat in tan air duct,
with heating coils into another compartment of the same duct.
The capacity of the unit was equivalent to 1.5 tons of ice in
24 hours when the car was driven at 60 miles per hour, or 2 tons at
80 miles per hour. The invention was first offered to the Ford Motor
Company,
invented by the Greenberg
Brothers. It was a sweltering August day when the three Greenberg Brothers
entered the posh Dearborn, Michigan offices of the notoriously anti-
Semitic carmaker, Henry Ford.
"Mr. Ford,"
announced Hyman Greenberg, the eldest of the three, "we have a
remarkable invention that will revolutionize the automobile industry."
Ford looked skeptical,
but their threats to offer it to the competition kept his interest piqued.
Hi Greenberg continued, "We would like to demonstrate it to you
in person." After a little cajoling, they brought Mr. Ford outside
and asked him to enter a black car that was parked in front of the building.
Norman Greenberg, the middle brother, opened the door of the car.
"Please step
inside, Mr. Ford." "What!" shouted the tycoon, "are
you crazy? It must be one hundred degrees in that car!" "It
is," smiled the youngest brother, Max, "but sit down, Mr.
Ford, and push the white button." Intrigued, Ford pushed the button.
All of a sudden a whoosh of freezing air started blowing from vents
all around the car, and within seconds the automobile was not only comfortable,
it was quite cool! "This is amazing!" exclaimed Ford.
"How much do
you want for the patent?" Norman spoke up. "The price is one
million dollars." Then he paused, "And there is something
else. We want the name 'Greenberg Brothers Air Conditioning' to be stamped
right next to the Ford logo." "Money is no problem,"
retorted Ford, "but no way will I have a Jewish name next to my
logo on my cars!" They haggled back and forth for a while and finally
they settled. One and one half million dollars, and the name Greenberg
would be left off. However, the first names of the Greenberg brothers
would be forever emblazoned upon the console of every Ford air conditioning
system. And that is why today, whenever you enter a Ford vehicle you
will see those three names clearly defined on the air-conditioning control
panel: Max-Hi-Norm
1946-Birthday of Laura Bush, First Lady, wife of President George
W. Bush, born Midland, TX.
1946-UNESCO, the United Nations Educational, Scientific and Cultural
Organization formed.
. 1949-“One Man’s Family” premiered on TV.
This series occurred at the same time as the popular radio continuing
drama, in the first season, the cast included Bert Lytell as Henry Barbour,
a wealthy San Francisco stockbroker and Majorie Gateson as his wife
Fanny. Also included were Eva Maria Saint and Tony Randall.
The second time the show came to TV it was a 15-minute serial
and had an entirely new cast.
1951—Top Hits
Because of You - Tony Bennett
I Get Ideas - Tony Martin
Down Yonder - Del Wood
Slow Poke - Pee Wee King
1952 - America said, “I Like Ike”. The Dwight D. Eisenhower/Richard
M. Nixon ticket won a sweeping (55%-44%) victory over Democrat Adlai
E. Stevenson and running mate John J. Sparkman. Eisenhower was the 34th
president of the U.S. The electoral vote was Eisenhower, 442, Gov. Adele
E. Stevenson, Democrat, 89. The popular vote was Eisenhower, 36,938,285;
Stevenson 27,312,217; Vincent Hallinan, Progressive, 140,138. The Republicans gained one Senate seat for
a 48-47 majority with one seat going to a minor party. In the use, they gained 22 seats for a 221-211 majority, one seating
to a minority party. On Election Day, 1952, UNIVAC, the world's first
commercially available electronic computer, predicted a landslide for
Eisenhower in his presidential race against Adlai Stevenson. In a test
televised by CBS, the computer used early returns from key states to
predict the election, based on voting patterns from 1944 and 1948. However,
the computer's predictions were radically different from polls taken
by Gallup and Roper, which predicted a close race, and the computer's
programmers made adjustments so that the computer's first broadcast
prediction corresponded more closely to the polls. Only an hour after
the polls had closed with less than ten percent of the votes had been
counted , the CBS TV Network, which employed the computer, was able
to predict Eisenhower’s landslide victory, trumping human experts who
had predicted a close race. Ironically,
the computer's original prediction of 438 electoral votes for Eisenhower
and 93 for Stevenson was only off by four votes. The nation watched with interest as a Republican
administration took over the reins of government for the first time
in n 24 years. The most explosive
internal problem was Joseph R. McCarthy. Republican of Wisconsin, charging
Soviet espionage activities in the U.S. The administration most outstanding
success was a peace agreement in Korea. Pres. Eisenhower announced the
agreement to a relieved country, but warned , “We have won armistice
on a single battleground, but not peace in the world.
1953-Hulan Jack elected first Black Borough President of Manhattan,
NYC.
1953-“ How to Marry a Millionaire” premiered, starring
Marilyn Monroe, Betty Grable
and Lauren Bacall, one of the most popular films with the most beautiful
women, about three women who’s goal in life was to marry a rich man.
The ending: love triumphs over all, and to the surprise of
all, the richest
man of the group.
1954 - Florence Henderson, who was all of 20 years old, joined
with Ezio Pinza and Walter Slezak in "Fanny". The show lit
up Broadway 888 times.
1958-African-American Shirely Verrett, world renowned opera singer,
makes her debut in New York City.
1954 -Philadelphia A's move to Kansas City
1959—Top Hits
Mack the Knife - Bobby Darin
Mr. Blue - The Fleetwoods
Put Your Head on My Shoulder - Paul Anka
The Three Bells - The Browns
1962 - Bob Dylan gave his first major concert outside of Greenwich
Village. The Carnegie Hall solo appearance was not well attended.
1967—Top Hits
To Sir with Love - Lulu
Soul Man - Sam & Dave
It Must Be Him - Vikki Carr
You Mean the World to Me - David Houston
1968- Shirley Chisholm became the first black woman elected to
the House of Representatives.
http://www.africanamericans.com/ShirleyChisholm.htm
http://nh.essortment.com/shirleychisholm_ruol.htm
http://scriptorium.lib.duke.edu/wlm/equal/
1970-King Peter II of Yugoslavia became the first European king
to be buried in the United Sates. His
Serbian name was Petar Karadjordjevic.
He became King on October 11, 1934.
He left Yugoslavia in 1941 after it was invaded by Germany, and
headed the exiled Yugoslav government during World War II. After 1945,
when Yugoslavia became a republic, he lived in New York City.
1973 - The Chicago Bears set a National Football League record
by holding the Green Bay Packers to a minus 12 yards pass
1975—Top Hits
Island Girl - Elton John
Lyin’ Eyes - The Eagles
They Just Can’t Stop It (Games People Play) - Spinners
(Turn Out the Lights And) Love Me Tonight - Don Williams
sing.
1976-Major league baseball held its first draft of a players who
had declared themselves free agents. 24 players from 13 clubs were available
for selection. Reggie Jackson eventually signed the most lucrative contract
in this group, $2.9 million over five years, to play with the New York
Yankees.
1979- 500 Iranians seized the US Embassy in Teheran, taking some
90 hostages, of whom about 60 were Americans.
They vowed to hold the hostages until the former Shah, Mohammed
Reza Pahlavi ( in the US for medical treatments ) was returned to Iran
for trial. The Shad died July
27, 1980, in an Egyptian military hospital near Cairo.
The remaining ( 52) American
hostages were released and left Teheran on January 20, 1981, after 444
days of captivity.
1980 - Republican Ronald Reagan won the White House defeating President
Jimmy Carter. Reagan was the 40th President of the U.S., carrying 44
states winning by a landslide (489 electoral votes to Carter’s 49).
The popular vote was Reagan, 42,797,153; Carter 34, 424,100, John Anderson,
independent candidate 5,533,927. In
congressional elections the Republicans picked up 12 Senate seats for
a 53-46 majority, with one independent seat.
In the House, the Democrats lost 33 seats but kept a majority
of 242-192, with one seat going to an independent... January 20, as
Ronald Reagan was being inaugurated, Iran released the 52 captives seized
at the U.S. embassy in Teheran, in Nov. 1979 ,
thus ending the Iranian hostage crisis. The Oakland Raiders won
Super Bowl XV, defeating the Philadelphia Eagles 27-10. Divorce in 1981
hit a record 1,210,000, the government reported.
1980- Japan's all-time HR hitter, Sadaharu Oh, retires from professional
baseball. The Tokyo Yomiuri Giants' first baseman hit a record 868 home
runs in his 22-year playing career.
1981-“The Fall Guy” premiered on TV. An hour-long adventure series, the story centered around a Hollywood
stuntman, Colt Seavers ( Lee Majors) who also moonlighted as a bounty-hunter,
catching bail-jumpers. It also
starred Douglas Barr, heather Thomas, Jo Ann Pflug, Marie Post and Negra
Volz. Lee Majors also sang the theme song for the
show.
1983—Top Hits
All Night Long (All Night) - Lionel Richie
One Thing Leads to Another - The Fixx
Telefone (Long Distance Love Affair) - Sheena Easton
Islands in the Stream - Kenny Rogers with Dolly Parton
1987- The NBA announces four new franchises; Charlotte
and Miami for 1988 ; Minneapolis and Orlando for 1989
1991 - The Ronald Reagan Presidential Library & Museum was
dedicated by five American presidents (the first gathering of five U.S.
presidents). Reagan, President George Bush, and former presidents Jimmy
Carter, Gerald R. Ford and Richard M. Nixon attended the ceremonies
in Simi Valley, California.
1991—Top Hits
Romantic - Karyn White
Cream - Prince & The N.P.G.
Can’t Stop This Thing We Started - Bryan Adams
Anymore - Travis Tritt
1993-The NBA Board of Governors accepted a recommendation from
the Expansion Committee to award a franchise to a Toronto group headed
by John Bitlove, Jr. The team, later named the Raptors, began play in
the 1995-96 season.
2001- In Game 7 of a classic World Series, Arizona rallies for
two runs in the bottom of the ninth defeating the Yankees and their
usually unbeatable closer, Mariano Rivera, 3-2. The four-year old Diamondbacks,
the youngest franchise to win a Fall Classic, ends New York's string
of three consecutive World Championships.
2002- Colorado Rockies right-hander Jason Jennings (16-6, 4.52
) becomes first member of the Rockies to be selected by the BBWAA as
the National League Rookie of the Year. The 24-year old right-hander
receives 27 first-place votes from the 32 writers participating in the
balloting.
World Series Baseball
Champions This Date
2001 Arizona Diamondbacks.
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