Headlines--- Nassau
Asset Repossession Report w/chart "Bud"
Dobbins JoinsCoston, Fioretti & Lichtman Lessors.com
Syndication Showcase Insured
Losses California Wildfires This Border #####
Denotes Press Release (Not Written By Leasing News) ------------------------------------------------------------------------------------------
Classified
Ads---Outsourcing Gone are 45 ads that
accumulated from re-sellers of equipment, looking for “off lease” merchandise.
Perhaps as noteworthy, this site has been completely re-designed. Leaving the newspaper
classified section, it is now a page with categories, in addition to the
full page in alphabetical sequence: http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm ---------------------------------------------------------------------------------------- ALERT---EXCEL,
Florida “Well the situation
with EXCEL took a turn for the worse this week.
All their phone numbers are "disconnected" and their
email account is also "undeliverable".
Something really rotten has happened here. “ I posted an inquiry
about EXCEL yesterday on the National Association of Equipment Leasing
Broker message forum, and I got a reply from another broker who has
a customer that sent in the advance rentals late last week to EXCEL,
but no funding. He's in the same boat. “ I went online with
the Secretary of State in Florida (public records) and discovered a
Judgment filed 10/10/03 against EXCEL by an individual in New Jersey. The amount due is only $5737.77, but don't
know if that is related to a lease scenario.
Also found another judgment filed 5/15/03 against the owner of
EXCEL, Peter Gonzales (at the same address as EXCEL). “This judgment is
for $25,000 and was filed by a company in New York called U S WEBB,
Inc. Anyway - since you announced in today's newsletter
that you were "closing the case" on EXCEL, I thought you'd
like to know that it looks like EXCEL closed their doors. “ My lessee has started
his lawsuit and is meeting with his attorney again today who is a close
friend of the Attorney General. He
will let him know what happened to EXCEL and find out if possibly they
fled in the night or if they sensed they were about to be investigated
and decided to close to avoid any litigations. Don't know, but I hope
to learn some answers this week. “I'll keep you posted
Kit. I sure wish I could talk
to those other brokers that complained to you as well.
At this point, I don't think it really matters if we know who
we all are. Have a good day Kit.” Rosanne Rosanne Wilson, President 1st Independent Leasing,
Inc. "Equipment Leasing
Specialists" (800) 926-0851 rosanne@1stindependentleasing.com (Yes, this is the
Florida “Super Broker” we have seven complaints against, but no one wanted
to sign their name. In additional,
several had signed lease contracts that stipulated the lessor
keeps all money regardless of anything, in addition, the brokers stated
the lessor was asking for more information or other stipulations like
“blanket lien,” “spouse guarantee,” “automated check withdrawal.” Editor) ---please forward
to a colleague---- #### Press Release
###################### Nassau
Asset Repossession Report w/chart (Top Repossessed equipment: “...trucks/trailers, printing
presses, medical devices, machine tools, and construction equipment...”) http://two.leasingnews.org/loose_files/nqi-chartQ3.jpg Medical Devices,
Machine Tools Fared Worse than in Q3 2002 ROSLYN HEIGHTS, N.Y.,—Repossessions involving trucks
declined measurably for the third consecutive quarter, according to
Nassau Asset Management’s NasTrac Quarterly Index (NQI). “The
statistics offer encouraging news for the trucking industry and equipment
leasing and finance companies that invest in it if clear trends can
be established through the remainder of 2003,” says Ed Castagna, senior
vice president of Nassau Asset Management. Nassau
Asset Management has tracked equipment for several decades as a function
of its nationwide remarketing operation, which resells all types of
assets including construction equipment, printing presses, machine tools,
medical devices, and buses. The
company earlier this year launched NQI, which reports on equipment types
generating the greatest volume of liquidations.
NQI’s public data provides a snapshot of recent recovery and
sales activity compared with the same time frame a year before, helping
equipment leasing and finance companies forecast current market conditions
so they can evaluate the strengths and weaknesses of their portfolios.
When viewed over time, NQI also can be leveraged as one of several
components to help gauge the economic health of individual industry
sectors. Nassau clients can obtain more detailed information
as part of the NQI service, including customized data on specific types
of equipment and their values extending back to 2000. Top
Repossessions in Q3 2003 The third NQI reports on trucks/trailers, printing
presses, medical devices, machine tools, and construction equipment.
These were the top five repossessed capital assets in the third quarter
of 2003, according to Nassau’s internal records on liquidations. Castagna says the Q3 data, when compared with the same
quarter a year ago, shows a 12 percent decrease in repossessions of
trucks and trailers. Repossessions
of printing presses, which Nassau’s NQI indicates have declined for
the past two quarters, decreased by 83 percent in Q3.
Construction equipment repossessions also dropped for the second
quarter in a row, down 73 percent in Q3. Other equipment segments fared worse in Q3. Repossessions of medical devices increased
significantly for the second consecutive quarter, 147 percent in Q3
2003 compared with Q3 2002; machine tools repossessions, which showed
signs of improvement earlier this year, increased by 83 percent in Q3
when compared with the same time frame a year ago. Readers should keep in mind that the assets NQI covers
may change from quarter to quarter since Nassau plans to feature only
the largest asset groups in its multimillion dollar portfolio. Additionally,
results must be viewed over several quarters to establish reliable trends
since all industries experience cyclical changes. About
Nassau Nassau
Asset Management of Roslyn Heights, NY, has been providing full-service
asset management, including asset recovery, collections, remarketing,
full plant liquidations, and appraisals for more than 25 years to the
equipment leasing and finance industry. For more information, please
visit www.nasset.com. ### Press Release
######################## Coston,
Fioretti & Lichtman proudly announces the appointment of Edward
F. (”Bud”) Dobbins, Esq., formerly of Jenner & Block, as a Partner
in the Chicago office. Bud’s
thirty years of distinguished experience in complex financial transaction
enhances the existing practice of the Firm. He will serve as Chairman
of the Financial Services and Transactional Department. We welcome
your valued business and look
Coston, Fioretti & Lichtman proudly announces the appointment of
Edward F. (”Bud”) Dobbins, Esq., formerly of Jenner & Block, as
a Partner in the Chicago office. Bud’s thirty years
of distinguished experience in complex financial transaction enhances
the existing practice of the Firm.
He will serve as Chairman of the Financial Services and Transactional
Department. We
welcome your valued business and look forward to serving your needs
in the future. For further information
please contact: JimCoston Bud
Dobbins Gary
Green jcoston@costonlaw.com bdobbins@costonlaw.com
ggreen@costonlaw.com ###
Press Release ########################### ***
announcement *********************************** Lessors.com
Syndication Showcase To All
Lease Capital Market (Syndication) Professionals... (Please
distribute to appropriate personnel in your company) Last
year the Lease Syndication Showcase sold out all available seating in just
19 days! This elite, upscale showcase, hosted from the Ritz-Carlton,
Buckhead hotel in Atlanta, has quickly evolved into the most
productive networking event for capital market professionals serving
the commercial and municipal equipment leasing markets. Last
year 51 funding sources represented more than $10 billion in buy/sell
opportunities! As we
finalize the agenda for the Lease Funding & Distribution Showcase scheduled
March 11-12, we are making speaker assignments for funding source
representatives desiring to present their company's buy/sell investment
strategies in the Commercial Funding Source Showcase and the Municipal
Funding Source Showcase. Confirmed
speakers, receive 50% off the cost of attendee registration, will
deliver a 5 minute oral (no PowerPoint) presentation of their company's
buy/sell investment strategies for 2004. Immediately following showcase
presentations, attendees will be provided one-on-one access to funding
source speakers. You won't find a better opportunity to enhance your
new business development networks. Parties
interested in participating in either the Commercial Funding Source
Showcase and/or the Municipal Funding Source Showcase should visit
the Lessors Network web site immediately and submit notice of their
interest. To access
additional details about this event, Login to
- ***
announcement ********************************* MAEL
Dinner---November 18th Mid-American Association of Equipment Lessors Chicago November 18th, 2003 21st Annual Dinner Meeting SPECIAL
GUEST SPEAKER: Anthony
Galie, the motivational hypnotist! The MidAmerica
Association of Equipment Lessors ("MAEL"), ELA's largest regional
affiliate, will be hosting its 21st Annual Dinner Meeting at the Westin
Hotel @ O'Hare in Rosemont, Illinois. Register
on-line <https://wx6.registeredsite.com/user313780/events/annual_meeting_1.asp> or complete
& fax the attached registration form to 312-541-1275. If you need further information or assistance,
please e-mail events@mael.org
or call Amanda @ 312-541-6000, ext.
234. http://two.leasingnews.org/temporary/AELA%20Newsletter.pdf ****
announcement ***************************** ####
Press Release ######################### Fitch:
Insured Losses Continue to Grow for California Wildfires Fitch
Ratings-Chicago-: Fitch Ratings noted
that insured losses from wildfires continuing to spread in Southern
California could eventually become the costliest wildfire catastrophe
insured loss event for the property/casualty insurance industry. Listed
below are market share information on the top 10 homeowners writers
in California for 2002. While
it is still too early to make an accurate projection of the total insured
losses from the wildfires that continue to spread, early estimates have
indicated that the insured damage could be in the range of at least
$500 million to $1.25 billion. Fitch estimates that each $1 billion
of insured loss adds about 30 basis points to the industry's 2003 loss
ratio based on Fitch's $385 billion 2003 net earned premium forecast.
Fitch also notes that each $1 billion of homeowners insured loss adds
about 250 basis point to the industry's homeowners 2003 loss ratio.
The insurance lines of business most affected by this catastrophe are
personal lines, particularly homeowners, but also automobile. However,
commercial lines will also be impacted with claims expected in commercial
property and business interruption that could be significant. We expect
that the majority of the losses will be confined to the primary writers,
with a modest portion of losses ceded to reinsurers under catastrophe
treaties, unless the losses increase to significantly higher levels
and are treated in the aggregate as a single event. The estimated
insured losses for this event are approaching the current largest wildfire
insured loss for the industry of $1.7 billion ($2.2 billion in 2003
dollars) for the Oakland Hills, CA wildfire in 1991. The most recent
sizable wildfire loss event for the industry was $120 million for the
Arizona fires in the summer of 2002. The losses
from the Southern California wildfires, added to other catastrophe losses
in 2003, including an estimated $1.2 billion in losses from Hurricane
Isabel in September, and $6.5 billion in catastrophe losses through
the first six months of 2003, will already result in at least the highest
amount of natural catastrophe losses for the industry since 1998 losses
of $10.1 billion. While
insured losses are certain to be significant, they are expected to be
within the level of losses that the insurance industry anticipates when
pricing catastrophe risk into premiums. Furthermore, the insurance companies
that write the lines of business in California most affected by the
wildfires are generally the larger, national carriers that, as a group,
have high insurer financial strength ratings. Fitch
does not expect a major deterioration in their financial strength if
these companies incur losses roughly in proportion to their market shares.
However, the possibility does exist that smaller insurers, namely those
with a concentrated geographical focus in Southern California homeowners
or commercial property insurance, could be materially affected. The wildfires
that continue to rage in Southern California have affected four counties
declared federal disaster areas (Los Angeles, San Bernardino, San Diego,
and Ventura) stretching from the Mexican border to the Northeast suburbs
of Los Angeles, with the majority of damage thus far in the San Diego
region. While expected cooler temperatures, reduced winds, and more
humid conditions should help to reduce the spread of the fires as the
week progresses, 13 major fires were not yet controlled. Thus far, the
wildfires have already consumed over 600,000 acres, destroyed almost
2,000 homes, and resulted in at least 17 deaths. Fitch
will continue to monitor the development of the wildfires and their
impact on ratings within our insurance coverage universe. Listed
below are market share information on the top 10 homeowners writers
in California for 2002. State
Farm: --IFS Rating - 'AA+' --CA Homeowners direct premiums written -
1,068,716 --Market Share - 23.3% Farmers
Insurance Group: --IFS Rating - not rated by Fitch --CA Homeowners direct
premiums written - 872,479 --Market Share - 19.0% Allstate
Insurance Co Group: --IFS Rating - 'AA+' --CA Homeowners direct premiums
written - 637,506 --Market Share - 13.9% California
State Automobile Association: --IFS Rating - not rated by Fitch --CA
Homeowners direct premiums written - 229,271 --Market Share - 5% United
Services Automobile Association Group: --IFS Rating - 'AAA' --CA Homeowners
direct premiums written - 192,252 --Market Share - 4.2% Inter
Insurance Exchange of the Auto Club: --IFS Rating - not rated by Fitch
--CA Homeowners direct premiums written - 160,564 --Market Share - 3.5% Safeco
Insurance Company Group: --IFS Rating - 'AA-' --CA Homeowners direct
premiums written - 155,505 --Market Share - 3.4% Nationwide
Group: --IFS Rating - 'AA-' --CA Homeowners direct premiums written
- 134,305 --Market Share - 2.9% Firemans
Fund Insurance Group: --IFS Rating - not rated by Fitch --CA Homeowners
direct premiums written - 113,513 --Market Share - 2.5% Mercury
Casualty Group: --IFS Rating - 'AA-' --CA Homeowners direct premiums
written - 94,271 --Market Share - 2.1% Contact:
Brian C. Schneider CPA, +1-312-606-2321; James B. Auden CFA, +1-312-368-3146;
or Gerald B. Glombicki +1-312-368-2354, Chicago. ###
Press Release ########################## News
Briefs--- California
Fires Menace Resorts/Novato Firefighter Dies http://www.nytimes.com/2003/10/30/national/30FIRE.html http://www.washingtonpost.com/ac2/wp-dyn/A39306-2003 http://www.signonsandiego.com/news/fires/20031029-1800 http://www.signonsandiego.com/news/fires/images/03102 New
Fannie Mae $1.2 Billion Accounting Error http://www.washingtonpost.com/wp-dyn/articles/A38288-2003Oct29.html Mortgage
Index Declines http://www.nytimes.com/2003/10/30/business/30mba.html Former
Tyco personnel chief says loan forgiveness surprised her http://www.signonsandiego.com/news/business/20031029-1344-tycotrial.html BofA to send tech work,
data to India After
Chad and David --by Steve Bailey, Boston Globe Columnist http://www.boston.com/business/articles/2003/10/29/after_chad_and_david/ Siegfried:
Roy moves to new hospital to recover http://www.ajc.com/news/content/news/1003/39tiger.html ---------------------------------------------------------------------------------------------------- Sports
Briefs--- Griese
To Start Sunday Against The Colts http://www.theredzone.org/news/showarticle.asp?ArticleID=522 Tuiasosopo
to start for Raiders at Detroit on Sunday http://www.theredzone.org/news/showarticle.asp?ArticleID=521 Vick
pushes return back to Dec. 7 http://www.theredzone.org/news/showarticle.asp?ArticleID=524 Peterson
takes turn on Niners' kicking carousel
http://www.bayarea.com/mld/mercurynews/news/local/states/ California
Nuts Review--- Congress
Charmed by Schwarzenegger http://www.washingtonpost.com/wp-dyn/articles/A38314- ------------------------------------------------------------------------------------------------------------ "Gimme
that Wine" Getting
every last drop at Pacheco Ranch Amazon
UK Wine Book Review Report http://www.wine-pages.com/books.htm#report Following
the Pepper Grinder All the Way to Its Source (not
a wine story, but fascinating nevertheless) http://www.nytimes.com/2003/10/29/dining/29PEPP.html This
Day in American History “Mischief
Night”, not celebrated as it was when I was a child: on the evening before Halloween and an occasion for harmless pranks,
chiefly observed by children. However, in some areas of the US, the
destruction of property and endangering of lives has led to the imposition
of dusk-to-dawn curfews during the last two or three days of October.
Not to be confused with “Trick or Treat,” or “Beggar’s Night,” usually
observed on Halloween. 1734- birthday of John Adams, second president of the US (term
of office: Mar 4, 1797—Mar 3, 1801), had been George Washington’s vice
president, and was the father of John Quincy Adams (6th president of
the US). Born at Braintree, MA, he once wrote in a letter to Thomas
Jefferson: “You and I ought not to die before we have explained ourselves
to each other.” John Adams and Thomas Jefferson died on the same day,
July 4,1826, the 50th anniversary of adoption of the Declaration of
Independence. Adams’s last words: “Thomas Jefferson still survives.”
Jefferson’s last words: “Is it the fourth?” 1768 -The Wesley Chapel on John Street in
New York City was dedicated. It was the first Methodist church building
to be erected in the American colonies, and was restored in 1817, and
again in 1840. 1815-Birthday of José Manuel Gallegos was born in Spanish colonial Mexico, in the
town of Abiquiú, Nuevo México. Suspended from the priesthood for refusing
to accept the authority of French religious superior, Bishop Jean Baptiste
Lamy (who became the subject of Willa
Cather's novel, Death Comes for the Archbishop), Gallegos
put increasing energy into his political life. Subsequently, he was
elected to the New Mexico Territorial House of Representatives, served
as treasurer of the territory, and was superintendent of New Mexico
Indian affairs. Gallegos returned to the U.S. House of Representatives
for a second term in 1871. http://memory.loc.gov/ammem/today/oct30.html 1838 -- The Mormon War of Missouri ended when over 200 state militiamen
attacked the LDS settlement of Huan's Mill. Eighteen Mormons were killed,
and a dozen wounded, in reprisal for Mormon militia attacks on several
communities since August of that year. Joseph Smith then led his followers
to Illinois. http://www.beliefnet.org/boards/message_list.asp?boardID=5605&discussionID=116646 http://www.answeringlds.org/index.html?artPersecution.html 1862-Yellow fever hits the Union Army .Union General Ormsby MacKnight
Mitchell, commander of the Department of the South, is one of those
who dies; at Beaufort, South Carolina. Born in Kentucky in 1809, Mitchell
grew up in Lebanon, Ohio. He attended West Point and graduated in 1829
along with future Confederate leaders Joseph Johnston and Robert E.
Lee. When the war erupted in 1861, Mitchell used his West Point education
as a brigadier general in the Army of the Ohio under General Don Carlos
Buell and participated in operations in Kentucky and Tennessee in 1862.
Mitchell also directed raids into northern Alabama, capturing Huntsville
in April 1862. Mitchell was a critic of the "soft war," or
limited approach, of many northern generals, and his actions made him
a target of conservative northern newspapers. Advocating a tougher stance
against Southern civilians and the institution of slavery, he confiscated
the property of prominent Confederates and protected slaves who escaped
to his lines well before the practice was mandated by Federal policy.
In July 1862 he was named commander of the Department of the South.
He moved to headquarters on the Sea Islands of South Carolina, where
he oversaw the building of schools and homes for slaves in the captured
territory. This movement, begun by his predecessor, General David Hunter,
is considered the first experiment in the reconstruction of the South.
However, Mitchell's death from yellow fever cut short his participation
in the experiment. 1864- The town of Helena, Montana, is founded by four gold miners
who struck it rich at the appropriately named "Last Chance Gulch."
The first major Anglo settlement of Montana had begun just two years
before in the summer of 1862, when prospectors found a sizeable deposit
of placer gold at Grasshopper Creek to the west. When other even richer
deposits were soon discovered nearby, a major rush began as tens of
thousands of miners scoured the territory in search of gold. In 1864,
four prospectors spotted signs of gold in the Helena area while on their
way to the Kootenai country, but they were eager to reach the reportedly
rich gold regions farther to the north and did not to stop. But after
striking out on the Kootenai, they decided to take "one last chance"
on finding gold and returned. When the signs turned out to mark a rich
deposit of placer gold, they staked their claims and named the new mining
district Last Chance Gulch. 1872- Emily Post was born at Baltimore, MD. Published in 1922,
her book Etiquette: The Blue Book of Social Usage instantly became the
American bible of manners and social behavior and established Post as
the household name in matters of etiquette. It was in its 10th edition
at the time of her death Sept 25,1960, at New York, NY. Etiquette inspired
a great many letters asking Post for advice on manners in specific situations.
She used these letters as the basis for her radio show and her syndicated
newspaper column, which eventually appeared in more than 200 papers. 1882-Birthday of William “Bull” Halsey, American admiral and fleet
commander who played a leading role in the defeat of the Japanese in
the Pacific naval battles of WWII, William Halsey was born at Elizabeth,
NJ. In April 1942, aircraft carriers under his command ferried Jimmy
Doolittle’s B-25s to within several hundred miles of Japan’s coast.
From that location the aircraft were launched from the decks of the
carriers for a raid on Tokyo. In October 1942, as commander of all the
South Pacific area, Halsey led naval forces in the defeat of Japan at
Guadalcanal, and in November 1943, he directed the capture of Bougainville.
He supported the landings in the Philippines in June 1944. In the great
naval battle of Leyte (Oct 23—25,1944 1888-The ball-point pen was patented by John J. Loud of Weymouth,
MA. The patent was on a pen
having a spheroidal marking point capable of revolving in all directions. 1893-Birthday of Charles Atlas, bodybuilder born Angelo Siciliano
at Acri, Italy. Atlas created
a popular mail order bodybuilding course, pegged to his own youthful
troubles as a “97-lb weakling.” The legendary sand-kicking episode used
later in advertising for his course occurred at Coney Island when a
lifeguard kicked sand in Atlas’s face and stole his girlfriend. There
generations of comic book fans read his advertisements. Died at Long
Beach, NY, December 24, 1942 1893-After a rousing success, the Columbian Exposition held “American
Cities Day” Oct 28, and Chicago Mayor Carter Harrison gave a speech
before the visiting mayors. This was the highlight of the greatest new
technology in America and hope was the economy would turn around. After
he arrived home, Harrison’s doorbell rang. When the mayor answered the
door he was shot by Patrick Eugene Pendergast, who had been disappointed
when his request for a Position with the city as corporation counsel
was turned down. Instead of the elaborate ceremony that had been planned
to close the exposition on Oct 30, a single speech was given and the
flags lowered to half-mast. 1894- Daniel M. Cooper of Rochester, NY, received a patent for
a card time recorder. The employee
pressed a lever on the machine to record the time on specially printed
cards divided by horizontal lines into seven equal spaces for the days
of the week. The recorder, known as the Rochester, was manufactured
by the Willard and Frick Manufacturing Company. 1917-The first US Navy chaplain who was Jewish was Rabbi David
Goldberg of Corsicana, TX, who was appointed with the rank of lieutenant. He was advanced to lieutenant commander on
January 1,1938, and retire don March 1, 1941. 1925-Birthday of tenor
sax player/composer/arranger Teo Macero, Glens Falls, NY. 1925-Birthday of tenor sax player/composer/arranger/producer Teo
Macero, Glens Falls, NY. http://shopping.yahoo.com/shop?d=product&id=1927158223&clink=dmmu.artist&a=b http://www.furious.com/perfect/teomacero.html
http://www.holeintheweb.com/drp/drptm.htm 1930 – The great trumpet
player Clifford Brown Birthday .Died
June 26, 1956 http://cliffordbrown.net/bio.html http://www.duke.edu/~dhf1/ http://members.tripod.com/~hardbop/brownie.html One of his finest albums: 1930 -- Duke Ellington records "Mood Indigo". http://www.users.globalnet.co.uk/~mcgoni/ella/dukebio.html 1935- Woody Herman cuts first vocals with Isham Jones Band 1938- “War of the Worlds” was broadcast as part of a series of
radio dramas based on famous novels, Orson Welles with the Mercury Players
produced H.G. Wells’s War of the Worlds. Near panic resulted when listeners
believed the Simulated news bulletins, Which described a Martian invasion
of New Jersey, to be real. People
went into a panic as they believed the world was invaded and the end
was near. 1941-The U.S. destroyer “Reuben James” was torpedoed and sunk
off the coast of Iceland by a German submarine during the night of October
30-31. Some 100 lives were lost. It was the first American warship to be sunk
in the war. Despite the passage of “Lend
Lease” in support of Britain and other “free” countries in Europe, congress
and the United States did not want to enter a war they thought “European.” This attitude lost many lives and war preparation.
The fact is December 8th the US declared war against
Japan due to its sneak attack at Pearl Harbor, which
wiped out most of the Pacific Navy force. On December 11, in obvious collusion,
Germany and Italy declared war against the U.S. and Congress adopted
a resolution recognizing a state of war. 1945- June Christy, with Stan Kenton, records “Just A-Sittin’
and A-rockin’. 1946—Top Hits 1964 - Roy Orbison went gold with his hit single, "Oh, Pretty
Woman". 1964-Twenty-two-year-old Cassius Clay, who later changed his
name to Muhammad All, became world heavyweight boxing champion by defeating
Sonny Liston. All was well known for both his fighting ability and his
personal style. His most famous saying was “I am the greatest!” Convicted
of violating the Selective Service Act in 1967, he was stripped of
his title; the Supreme Court reversed the decision, though, in 1971.
Au was the only fighter to win the heavyweight boxing title three separate
times (and he defended that title nine times) until Evander Holyfield
defeated Mike Tyson in 1996. 1967 – The Supreme Court upholds the contempt-of-court convictions
of Dr. King and seven other black leaders who led the 1963 marches in
Birmingham. Dr. King and his aides enter jail to serve four-day sentences.
"I must confess
that over the last few years I have been gravely disappointed with the
white moderate. I have almost reached the regrettable conclusion that
the Negro's great stumbling block in the stride toward freedom is not
the White Citizen's Council-er or the Ku Klux Klanner, but the white
moderate who is more devoted to "order" than to justice; who
prefers a negative peace which is the absence of tension to a positive
peace which is the presence of justice; who constantly says "I
agree with you in the goal you seek, but I can't agree with your methods
of direct action;" who paternalistically feels he can set the timetable
for another man's freedom; who lives by the myth of time and who constantly
advises the Negro to wait until a "more convenient season."
Shallow understanding from people of goodwill is more frustrating than
absolute misunderstanding from people of ill will. Lukewarm acceptance
is much more bewildering than outright rejection." Jail", 1963 http://coursesa.matrix.msu.edu/~hst306/documents/letter.html 1967 -- Benefit at the Fillmore for KPFA radio station. Pink Floyd
and the Sopwith Camel performed. http://www.pinkfloyd.com/home/20.html 1970---Top Hits 1972 -- Worst US rail accident in 14 years; 45 die in Chicago. http://www.chipublib.org/004chicago/disasters/ilcentral_crash.html 1974- Muhammad Ali regained the heavyweight title by knocking
out defending champion George Foreman in the eight round of a fight
in Kinshasa, Zaire, first heavyweight championship fight ever held in
Africa. Ali was named fighter of the year1976 by Ring magazine. 1975- Winger Johnny Bucyk of the Boston Bruins scored the 500th
goal of his career in a 3—2 Bruins’ victory over the St. Louis Blues.
Bucyk finished his career with 556 goals and entered the Hockey Hall
of Fame in 1981 1976 -Dr. Joseph H. Evans was elected president
of the United Church of Christ. It made him the first African-American
leader of this predominantly white denomination. 1976 - The group, Chicago, started its second (and final) week
at number one on the pop singles charts with, "If You Leave Me
Now". The hottest LP was Stevie Wonder’s "Songs in the Key
of Life". The album was number one for a total of 14 weeks. 1976 -Jane Pauley becomes news co-anchor
of the Today Show. http://www.msnbc.com/onair/bios/j_pauley.asp http://www.emanila.com/benrazon/people/pauley.htm http://talkshows.tqn.com/library/news/blnewsjanepauley.htm 1978---Top Hits 1984 - Barry Manilow opened at Radio City Music Hall, New York.
His concerts sold out to the tune of $1.9 million, besting (by $100,000)
the record set by Diana Ross. 1984 - Dan Ackroyd and John Belushi, aka The Blues Brothers (Jake
and Elwood), hit the two-million-dollar sales mark with their LP, "Briefcase
Full of Blues". http://www.briefcaseblues.com/ 1986---Top Hits 1996-IBM subsidiary Lotus said it would include a Web browser
in its Lotus Notes software, a popular groupware program that allowed
users to share data and collaborate on documents. The browser would
allow users to store Web pages and work with them offline. In a surprise
takeover, IBM had purchased Notes in July 1995, in an attempt to shore
up its offerings in networking and Internet software. The takeover was
the largest-ever deal for a software company. Companies such as System1,later
to become CapitalStream, partnered with Lotus notes and offered a “seamless”
technology from application to funding and documents via the Web through
Nation’s Capital ( never got off the prototype stages as leasing companies
fought having their documents shared in System1 software.) 2001-
Matt Williams becomes the first player in World Series history to hit
home runs with three different teams. He homered in the Fall Classic
for the Indians in 1997 and the Giants in 1989.
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