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Dealer Credit Fin. Services Supervisor, Torrance, CA. Click here for full descrip. & to apply. To learn more about us, please visit: www.toyotafinancial.com/careers |
Monday,
October 18, 2004
Headlines---
Classified
Ads---Sr. Credit Officer/Sr. Management
Pictures
from the Past---1996---IFC Credit Corp
NorVergence:
ELA meets NY Attorney General's staff
Alexa
Ranks Leasing Association Web Sites
The
30 Year History of UAEL---Part I
David
G. Mayer Business Leasing News Oct. Issue
Fitch:
Italian ABS Leasing Performance Down In Q2 2004
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads---Senior Credit Officer/Senior Management
Senior Credit Officer experienced in middle- market leasing; structured, vendor and 3rd party to the fortune 1000. Proactive team builder, originations capable with strong work ethic.
Email: kyletrust@hotmail.com
Senior Management:
Baltimore, MD
25 year veteran of
commercial and equipment leasing seeking a senior management position
with leasing or asset based financing company in the southeast (Florida
preferred)
Email: kellogg_md@yahoo.com
Senior Management: Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive lender looking for Western expansion mid-market equip. finance/leasing. 20+ years experience within Rocky Mountain/ Southwest
and Ca markets.
Email: legal@csotn.com
Senior management:
Hope, NJ.
25 years in optimizing call center operations, collections, billing, and back end revenue generation. Experienced in $7 + billion dollar portfolios.
Verifiable achievements.
E-mail: cmate@nac.net
Senior Management:
Irvine, CA.
Credit executive, portfolio manager and syndication facilitator. Extensive business building experience in small and mid-ticket operations. Highly innovative. Fortune 100 audit and technology skills. Bottom-line manager.
Email: lenhubbard@bigfoot.com
Senior Management:
Long Island, NY
Degree Banking/Finance.
13 years leasing exp. Now prez young leasing company where promises
were not met. Interested in joining established firm with future. Email:
bob33483@yahoo.com
Senior Management:
New York, NY, NJ, Ct Tri-State
Top Exec. middle and big ticket, top skills treasury,funding, ops,transaction detail, syndication, ready to max profit, help build quality operation. right now!
E-Mail: leasefinance@optonline.net
Senior Management: Portfolio Management Consultant; 25+years experience in Collections, Customer Satisfaction, Asset Management, Recoveries, Continuous Process Improvement, Back end Revenue Generation, Cost per Collection Analysis. $5+Billion Portfolio expertise.
Email: efgefg@rogers.com
Senior Management:
San Francisco, CA., 25 years experience w/global leasing company, sales,marketing,business
dev., P&L responsibility, asset mgmt, brokering and re- marketing.
Interested in joining an est. firm with a future. Email: rcsteyer@yahoo.com
full listing of all classified “job” ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
------------------------------------------------------------------------------
Economic
Events this Week
Tuesday
October 19
Consumer Price Index:
September
Housing Construction:
September
October 21
Thursday
Leading Indicators:
September
Weekly Jobless Claims
UAEL Conference,
Monterey, CA
-------------------------------------------------------------------------------
Pictures
from the Past---1996---IFC Credit Corp
Standing,
left to right: Dale Volkamer, CLP, Rudolph Trebels, CLP;
Seated:
Scott Kreissl, Patrick A. Witowski, Gary Trebels, CLP
“When you visit the
corporate headquarters of IFC Credit Corporation in Chicago, you get
another example of President Rudolph Trebels CLP’s exuberance. It’s hanging on the walls, it decorates is
office, and it provides a backdrop in the conference room.
It’s everywhere. It’s Trebels’ art collection.
Like his business practice
his collection of pastoral hunting theme paintings directly reflect
his personality. ‘the look is traditional, conservative, and elegant,
but also fun,’ Trebels said. “
‘The Paintings definitely
add a flair for excitement.’
Trebels’ appreciation for
the traditional has translated to the offices’ decoration as well. As
in the photo above, IFC evokes the feel of a hunt club, gentlemen’s
club or country club.
Trebels is always looking to add to his collection. But why does
he pursue this particular passion?
Again, it’s his way of balancing business and pleasure. “Why
not enjoy your workplace since we spend so many hours at the office?”
June/July 1996 UAEL Newsline
-------------------------------------------------------------------------------
NorVergence: ELA Representatives meet with NY
Attorney
General's staff.
ELTnews
On Wednesday afternoon,
October 14, Equipment Leasing Association representatives met with five
officials of the NY Attorney General for nearly three hours to discuss
small ticket leasing practices in general in connection with the investigation
of the NorVergence matter. ELA was represented by General Counsel Ed
Groobert, President Michael Fleming and Paul Gamez, an executive with
Great America Leasing. The meeting was held to review and reinforce
certain legal principles fundamental to small ticket leasing and to
discuss how small ticket leasing is conducted.
The meeting's discussion
focused on typical documentation that includes assignability of the
lease, the waiver of defense clause and "hell or high water"
language. Such provisions are not only standard but play a significant
role in making leasing more readily available to small business. In
describing small ticket leasing practice, the ELA representatives stressed
the credit, rather than collateral, nature of the small ticket transaction.
They also emphasize that the end user makes the business decision regarding
contracting for a service and / or selecting equipment. "The lessor
assumes that the lessee knows what it is doing," Fleming told the
group.
Ed Groobert stressed
that ELA is not in a position to know all of the facts of the NorVergence
matter, but described how the leases of equipment in dispute were most
likely subsequent and separate events from the lessee's contracting
for a discounted long distance service. Lessors are not in the position
to give representations or warranties.
The NYAG staff were
well prepared and understood the basic legal principles. Their questioning
focused primarily on what lessors know about the vendors with whom they
do business and the equipment they lease. Paul Gamez did an excellent
job of reviewing the typical approach of small ticket lessors in a vendor
program. He described how leasing companies decide on certain vendor
program relationships and how they manage the relationship. He indicated
that in a "deal flow" business, it is not possible to become
expert in every type of equipment or be personally familiar with every
lessee it accepts on lease assignment. The NYAG staff continued a line
of questioning more focused on company practices than on the fundamental
legal principles. "Are complaints tracked? Are major variations
in capital costs for the same equipment questioned? Would lessors make
judgments about the viability of what a vendor is offering?" ELA
representatives discussed these issues generally, but were reluctant
to be too definitive because facts and practices can vary.
The ELA may meet
further with the NYAG. Fleming indicated that ELA is approaching the
matter on parallel tracks. "Defending the legal principles fundamental
to the business is our top priority," said Fleming. "We are
prepared to meet with other state AG offices as appropriate and will
likely prepare a brief or white paper at the appropriate time. This
matter will take time to play out."
A second track is
to deal with the publicity that NorVergence has brought to leasing.
"At the end of the day, the NorVergence matter is the story of
a failed business model," according to Fleming. "
We have spent a great
deal of time with writers in an attempt to put this entire matter in
context. ELA is explaining the separate nature of the lease of equipment
from a service for which lessees also contracted. Unfortunately, leases
are implicated in ways everybody in the industry understands. Consequently,
the publicity implicates leasing. The leasing issue requires explaining
some very mundane legal points in the media - something the media is
not able nor inclined to do as it is not much of a story. The small
business done wrong versus ‘Hell or high water' is a tough public sell.
ELA can only continue to make the business benefit points and stress
the tens of thousands of successful leases that provide satisfactory
solutions for business every day."
The NYAG meeting
concluded with a defining question. One senior staff member asked how
frequent this kind of thing (NorVergence matter) occurs. Ed Groobert
who has been counsel to ELA for 35 years and Michael Fleming who has
been president for 25 years agreed that they had never seen anything
like it. NorVergence is unique, it is a dramatic exception to the rule.
------------------------------------------------------------------------
Bad
News for Leasing
The negative impact
has been growing, including more national
media attention,
such as this broadcast on CBS TV News:
Bum Leases Hit Small Businesses
http://www.cbsnews.com/stories/2004/10/15/eveningnews/consumer/
main649724.shtml?CMP=ILC-SearchStories
Recent Sample of
Comments Leasing News Has Received:
“I will NEVER lease
anything from anybody. You whole industry is rampant with fraud. If
the biggest leasing companies in the country are involved in the Norvergence
mess, there is no hope for commercial leasing.”
Paul Klinger
“Since I am a member
of the Weir Group I can substantiate that 1,278
firms joined them. In addition the cost was a 3 month lease
payment, in my case
slightly over $1800. The count on the Weir Group
was at their original
deadline to join. I do not know
how many
others have joined
since the middle of September ( the end of the 3
month payment enrollment
fee).”
Mike Honold
“...There are three: the NJ Class Action, the Weir Group, and a
third class action out of Miami Fl. The Weir action is a group, not
class action which has already filed with over 20 pages of plaintiffs.
At last count the number of companies enjoined
was approaching 2000 which would make a war chest approaching 2 Million
dollars. Hardly a shoestring. The Weir action is offensive for companies
that have not been sued by an LC yet; added to this is probably hundreds
if not thousands of business's or groups with various attorneys around
the country defending LC law suits in their home states... I will never
lease again.”
(name with held )
Alexa
Ranks Leasing Association Web Sites
|
Rank |
10/15/2004 |
9/17/2004 |
WEBSITE
NAME |
|
| 1. |
88,236 |
85,952 |
|
www.aba.com American Bankers Association |
|
2. |
106,536 |
108,622 |
|
www.leasingnews.org Kit Menkin's Leasing News |
| 3. |
264,588 |
234,557 |
|
www.nacha.org The Electronic Payments Association |
| 4. |
348,516 |
309,186 |
www.monitordaily.com Monitor Daily | |
|
5. |
516,941 |
460,599 |
|
www.ibaa.org Ind Community Bankers of America |
|
6. |
549,559 |
634,882 |
www.cfa.com Commercial Finance Association | |
| 7. |
592,811 |
477,186 |
www.elaonline.com Equipment Leasing Association | |
|
8. |
623,347 |
568,079 |
|
www.Leasingpress.com Leasing Press |
|
9. |
871,985 |
1,433,844 |
www.nvla.org National Vehicle Leasing Association | |
|
10. |
872,241 |
825,921 |
|
www.iicl.org Institute of International Container Lessors |
|
11. |
903,743 |
851,607 |
|
www.us-banker.com U.S.Banker |
| 12. |
1,210,328 |
1,125,234 |
|
www.uael.org United Association of Equipment Leasing |
|
13. |
1,245,136 |
1,326,055 |
www.executivecaliber.ws Exec Caliber-Jeffrey Taylor | |
| 14. |
1,504,378 |
1,449,198 |
|
www.leasefoundation.org Equip. Leasing & Fin Fndn |
|
15. |
2,489,610 |
3,541,052 |
www.naelb.org National Assoc. of Equip Leasing Brokers | |
|
16. |
2,748,251 |
3,138,148 |
|
www.nationalfunding.org The National Funding Assoc |
|
17. |
3,333,708 |
3,427,699 |
|
www.clpfoundation.org CLP Foundation |
|
18. |
3,676,138 |
2,520,203 |
www.lessors.com eLessors Networking Association | |
|
19. |
4,164,732 |
4,314,294 |
|
www.efj.com Equipment Financial Journal |
|
20. |
5,005,147 |
3,481,332 |
|
www.leaseassistant.org Lease Assistant |
|
21. |
No Data |
No Data |
|
www.aglf.org Assoc of Government Leasing Financing |
| 22. |
No Data |
No Data |
|
www.mael.org Mid-America Association of Equip Lessors |
|
23. |
No Data |
No Data |
|
www.eael.org Eastern Association of Equipment Leasing |
|
24. |
No Data |
No Data |
|
www.leasecollect.org Lean -Lease Enforcement Att Net |
Leasing
Conference Count-Down
UAEL Monterey, CA
October 21-24
United Association
of Equipment Leasing
http://www.uael.org/events/conferences/ace/default.asp
“This will be the
best attended conference in many years. The 30th year Reunion Party
and Welcome Reception on Thursday Evening , October 21, 2004, wail be
a special night. We have attending the Reunion many of the Original
Founding Members of WAEL/UAEL like Steve Dunham, Art Schwartz, Harold
McAfee, Steve Head, Craig Knudson, Bob Jacobson, as well as most of
the more recent Past Presidents and prior Board of Directors Members.
There is an after hours Presidents reception (9PM til--) on Friday evening
and an, always popular, Saturday Night Live Beach Party/Lobsterfest.
There are close to sixty exhibitors for Friday and Saturday has some
strong educational sessions as well as some afternoon team building.
We are extremely exited about Monterey and hope to see you there.
Thank you.”
Joe
jwoodley@uael.org
Walk-ins are accepted, and all past members are invited to
the 30th
re-union without paying a registration fee.
The front
desk would like to
issue a name badge, but there is no
registration fee.
|
2004
ANNUAL CONFERENCE & EXPOSITION (ACE)
If you are a former UAEL member and would like to attend the 30th anniversary party, please call Joe Woodley or email to: jwoodley@uael.org |
|
United
Association of Equipment Leasing
78120 Calle Estado, 201 La Quinta, CA. 92253 760.567.2227 / 760.564.2206 Fax |
ELA Palm Desert, CA October
24-26
The Equipment Leasing
Association
www.elaonline.org/events/2004/annconv/convhome.cfm
You can still register
on site, If you have not attended an ELA Conference before, and are
a non-member, you will be eligible to attend.
 |
AGLF Rancho Mirage,
CA November 10-12
Association for Government
Leasing and Finance
www.aglf.org/25AM04_fallpgm.pdf
MAEL Rosemont, Illinois
November 18
Mid-American Association
of Equipment Lessors
To learn about these
and other leasing associations, please go to:
http://www.leasingnews.org/associations.htm
-------------------------------------------------------------------------------
|
Visit our website by clickng on the logo below
|
The
30 Year History of UAEL---Part I
by
Kit Menkin
History of WAEL
by Art Schwartz, CAE
WAEL Associate Director
June 1985 WAEL Newsline Edition
Once upon a time in a land not so far away, there was the beginning of an organization of the people in the equipment leasing business. They had an occasional luncheon meeting in San Francisco and Los Angeles in the early 1970's, but without strong continuing leadership the group soon began to fade and, finally lay dormant for about two years.
In the fall of 1974, luncheon meetings were set up in Los Angeles and San Francisco to see if enough people would come forward to rejuvenate what was called the Western Association of Equipment Lessors. There was some interest generated from among the 45 people who attended those two meetings, but mostly there was a lot of, "Let's wait and see."
One of the underlying principles that emerged from those first meetings was the necessity of making the organization truly western, not just focused on Los Angeles and San Francisco. The second determination was to orient the organization from the standpoint of the independent lessors. The third determinant was to hire professional management . These fundamental precepts have guided the growth and vitality of WAEL ever since.
 |
 |
|
Harold McAfee, |
Steve Head, |
In the first part of 1975 dues invoices were sent out, and 15 members paid. A format of two conferences per year was begun. Harold McAfee was the founding President in 1975. The first two meetings at the Palm Springs Riviera and the Santa Barbara Miramar were a far cry from the kind of hotels and conferences we see today. Steve Head was Vice President and Jack Kilbourne and Manufactures Bank was Treasurer.
In 1976, regional luncheons were held in February and July in both Northern and Southern California to supplement the semi-annual conferences. 27 people attended these first two regional meetings. Seattle was added to this list of sites in 1977, and Denver in 1979. Last January we had over 400 people attend our Winter Workshops conducted in eight cities. Harold McAfee continued to serve throughout 1976 and was followed in 1977 by Steve Head. The conferences really started to take off in 1977 with people who were willing to share and participate. Hyjacking the bus in San Diego set a standard of performance that was hard to match. Conference attendance in San Diego was 125.
 |
 |
|
Armon
Kamesar,
Amstat Capital, San Diego, CA. WAEL President 1978-1979 |
Fred
Shieman
California Group Services Walnut Creek, CA. WAEL President 1979-1980 |
In 1978 Armon Kamesar became President with 58 member firms. Under Armon's enthusiastic style at the podium, conferences took off with a more expansive flair. We started the golf tournament and had a lot of extra trimmings like ice carvings of the organization. The educational side of the conference grew, too.
Fred Shieman was President in 1979, membership jumped to 145 firms and we created our first five year plan, "Forward By Plan." Attendance to our Reno Conference was up to 275 people.
 |
 |
|
Bob
Putman
Amstat Capital, San Diego, Ca. WAEL President 1981-1982 |
Bob
Skinner
Renniks Leasing Corona Del Mar, CA. WAEL President 1980-1981 |
Bob Skinner held the reins in 1980 and brought a sophisticated, mature hand to the helm, having been in leasing over 25 years. We held our first suppliers show about that time. Membership crossed the 200 mark.
Bob Putman became President in 1981. During his year we adopted the Standards of Professional Practice which have become a milestone of progress for the leasing industry.
In 1982 Craig Knudson became President. During his tenure membership climbed to 250. And who can forget some of the memorable parties we've enjoyed: the rodeo during our first trip to Scottsdale...the attempt to drown the boat in Seattle with wine ... the horror story brunch at our first conference in Hawaii.
Ray Corob became President in 1983, and before the gavel was passed to Bob Jacobson in 1984 membership climbed to 300. Twice-a-year regional luncheons were added to the Winter/Summer Workshops, and a month ago over 500 people attended one of these programs in nine cities. Our Fall 1983 Conference was a return to Hawaii, and the Hula will never be the same.
In the 1984 under Bob Jacobson's stewardship we produced our Rock and Roll Revival Sock Hop. Membership passed 400 and we adopted a new five year plan, "Strategy for Success," that should insure a continuing bright future for WAEL.
 |
 |
|
Craig
Knudson, Heritage Leasing
Corp., San Diego, CA. WAEL President 1982-1983 |
Ray
Corob, BEHR
Leasing, Los Angeles, CA. WAEL President 1983-1984 |
John Torbenson, of course, is now serving as our President. This year we have seen the start of our long-awaited Certification Program.
It has been a vital, growing and productive ten years and as we enter WAEL's Second Decade we know the best is yet to come.
 |
 |
|
Bob
Jacobson,
Tri Continental Leasing Corp., Mountain View, CA. WAEL President 1984-1985 |
John
Torbenson
Heritage Leasing Corp., Bellevue, WA. Current WAEL President |
Companies who were charter members of a rejuvenated WAEL and are still members today:
AMERICAN STATES LEASING, now
AMSTAT CAPITAL, Bob Putnam
CALIFORNIA GROUP SERVICES, Fred Shieman
CB LEASING, Charlie Brust
CROSSPOINT LEASING COMPANY, Jean Hamilton
HAVAS LEASING, now
HLC LEASING CORP., Paul Havas
INTERLINK LEASING CORP., Steve Head
LEE BROTHERS LEASING INC., Richard B. Lee
MANUFACTURERS CAPITAL, Alan Debernochi
M.B. LEASING COMPANY, now
MITSU MANUFACTURERS, Norman Campbell
TRIPLE C LEASING, INC., Harold McAfee
FOOTHILL THRIFT & LOAN, Robert J. Ciborowski
HEMAR & WARSAW, now
HEMAR, GORDON, ROUSSO LAW OFFICES, Richard Hemar
According to the original
minutes of the meeting given to Leasing News by Russ Rickard’s, now
retired from Bank of the West, Harold
McAfee was not the first president.
Also Steve Dunham’s and other roles are not included in this
story. For the sake of this series, Leasing News will let the WAEL news
story stand, and for the record, here is a picture of
This is the best
picture we have of John, to the far right seated on the first row of the picture. It comes from the May, 1993 issue of UAEL Newsline.
“Golf Champions:
Western Association of Equipment Leasing Spring Conference Palm Springs,
California First Place Team: Ron Mitchell, account
executive, ITT Capital Finance, Pleasanton, CA(far left) Kelly
Hutchison, National account manager, Lease Pro, Marietta GA (front row,
left) and Kevin Libert, VP, ITT Capital Finance ( standing with visor;)
Second place went to Kelly Long, regional marketing manager, First Concord
Acceptance, Corp., Denver, CO ( back row, third from left) and to Kelly's
right, Jim Lahti, president, Affiliated Corporate Services, Inc. Dallas,
TX., John Torbenson, president BJ Leasing, Inc., Bellevue, WA(bottom,
right).
Closest to the hole:
Phil Dushey, EVP, Global Leasing Services, New York, New York (standing,
far right).
Longest Drive: Doug
Hatch, AVP, Bank of the West Walnut Creek, CA. (center, holding plaque).”
In later editions
of WAEL and UAEL Newsline’s Steve Dunham’s role
in the formation
of the association was recognized, and he was
formally recognized
as the organizations first president. Here is
a 1991 picture in
UAEL Newsline, along with the identification of
Mr. Dunham:
Pictured
here is some of the Western Association of Equipment Leasing
Past
President who were honored during special recognition ceremonies in
commemoration of WAEL's Fifteenth Anniversary---the Crystal Celebration.
Conference
Chairman Peter Eaton, CLP, First National Leasing Corporation(center)
joins Past Presidents (l to r) Jim Possehl, CLP, President Republic
Financial Corporation(1989), President Steve Dunham, Leasing Associates
(WAEL's first President—1974); Bob Jacobson, III, CLP, Consultant (1984
president); Eaton (1994 president); Ted Parker, CLP, LSA West Capital
Corporation (1986 President): and Steve Head, Interbank Leasing Corporation (1977 President).”
WAEL moved from the
management firm of Art Schwartz to
hiring a full time
executive director and opening an office.
Tomorrow--- Part II Randy
Bauler,CAE, Jon Bedernick,CAE
Classified
Ads----Help Wanted
Brokers
|
About the company: SCL has been in business for 12 years. We are contracted with multiple funding sources which enables us to provide more competitive rates and flexible terms and conditions. |
Funding/Loan Processor
|
CFO / Leasing Sales Leader
|
Dealer Credit Finance Analyst / Dealer Credit Finance Services Supervisor
|
Dealer Credit Fin. Services Supervisor, Torrance, CA. Click here for full descrip. & to apply. To learn more about us, please visit: www.toyotafinancial.com/careers |
National Account Manager
|
Trinity Capital, a subsidiary of Bank of the West, is a national leader in the equipment financing industry with a consistent presence and superior reputation. |
Vendor Account Executive
|
About the Company: Lease Corporation of America is a well established, 16 year old, national equipment leasing company. |
To post an ad, please go here:
http://64.125.68.90/LeasingNews/PostingFormWanted.asp
or send copy to Maria@leasingnews.org
and let
her send you the
most economical version. She
has created
all the classified
and banner ads, too. No extra charge.
-------------------------------------------------------------------------
David
G. Mayer Business Leasing News Oct. Issue
1.
Is Off-Balance Sheet Leasing on Its Last Legs?
2.
Wind Energy Tax Credit Revived, Gives Boost to Ailing Wind Power
Industry
3.
Federal Leasing Expands as Government Deficits Grow
4.
Case & Comment: Dragnet Clause Rules in Pride Hyundai, Inc. v. Chrysler
Financial Co.
5.
Leasing 101: What Is a "Dragnet Clause"?
6.
BLN Briefs: IT Managers Buy Instead of Lease; Bonus Depreciation Expires
Soon
7.
Reader Feedback; Recent Publications; ELA Convention Speeches; Training
Offered
http://www.pattonboggs.com/Newsletters/Bln/Release/bln_2004_10.htm
 |
### Press Release
#######################
Fitch:
Italian ABS Leasing Performance Down In Q2 2004
Fitch Ratings-London/Milan-Fitch
Ratings, the international rating agency, says the Italian leasing asset-backed
securities (ABS) market deteriorated in the second quarter but remains
broadly in line with the agency's expectations.
In the report, entitled
"The Fitch Italian Leasing Performance Index - 2Q04 Update",
Fitch says the negative macroeconomic environment continues to have
only a marginal impact on the performance of the 10 Fitch-rated leasing
ABS deals that closed prior to July 2003. The overall increase in default
indices in the last quarter tends to be related to specific features
of the individual originators and transactions.
The report shows
that currently "Fitch Delinquency Index (DI)" is at approximately
2.62% (2.82% in Q1), whereas "Fitch Net Default Index" ("Fitch
NDI")" is currently at 1.59% averaging over time around 0.98%.
(1.18% in Q1).
As well as providing
an analysis of the latest developments in the Italian market, the report
also contains updates on the agency's four indices used by Fitch in
its reviews and ongoing analysis: the "Fitch Gross Default Index",
"Fitch Excess Spread Index", "Fitch DI", and "Fitch
NDI".
In addition, the
report tracks each transaction's current net and gross default performance
versus Fitch's original base case net and gross default expectation,
a key piece of information considered by the agency in its performance
review committees. This is illustrated by a table showing the most recent
performance levels, and a graph in the appendix tracing historical performance
for each transaction. Significantly, this gives readers a leading indicator
of the direction that ratings are likely to move in the future.
The first report
in the series was launched in Q1 2004 to provide investors with frequent,
objective and standardised analysis on the performance trends in this
important European ABS sector. The indices will continue to be updated
on a quarterly basis.
A copy of the report
is available on the agency's website at www.fitchratings.com.
Contact: Rui Barros, London,
Tel: +44 20 7417 3534;
Bernardo Ghilardi, Milan,
+39 02 879087 232;
Federico Ravera
+39 02 879087 226;
Alessandro Settepani
+39 02 879087 229.
### Press Release
#######################
--------------------------------------------------------------------
 |
News
Briefs---
Crude
Oil Price Surges Past $55
http://www.washingtonpost.com/wp-dyn/articles/
A40999-2004Oct18.html?nav=headlines
Wealth Gap Widens
For Blacks, Hispanics
http://www.washingtonpost.com/wp-dyn/articles/A40455-2004Oct17.html
Martha
Stewart says everyone in prison is 'nice' as townspeople adjust to having
her as neighbor
http://www.ajc.com/news/content/news/1004/18marthastewart.html
----------------------------------------------------------------------
Sports
Briefs---
The
Patriots Become 20-Game Winners
http://www.nytimes.com/2004/10/18/sports/football/18patriots.html
Report: Rice Given
Ok To Seek Trade
http://sports.espn.go.com/nfl/news/story?id=1903985
Rice's status is
a debacle all around
http://www.mercurynews.com/mld/mercurynews/9942444.htm
No contest -- just
a runaway for Broncos
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/10/18/RAIDERS.TMP
Fans unload on Collins
with linebacker's subtlety
(almost from the
very beginning, booing their own team)
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/10/18/RATTO.TMP
Yankees Choke on
Their Own Medicine
http://www.nytimes.com/2004/10/18/sports/baseball/
49ers owner York
reveals plans for $550 million stadium
http://www.mercurynews.com/mld/mercurynews/sports/football/
nfl/san_francisco_49ers/9945208.htm
-------------------------------------------------------------------------------
“Gimme
that Wine”
California Wine industry
begins rebound
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/
20041015/NEWS/410150371/1036/BUSINESS
Francis Ford Coppola
to Receive the Southern Wine & Spirits of America Lifetime Achievement
Award at 2005 South Beach Wine & Food Festival
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/
www/story/10-14-2004/0002277117&EDATE=
Sideways Puts Wine
in a Movie Role
http://www.winespectator.com/Wine/Daily/News/0,1145,2649,00.html
In
a First, an Australian Wine Becomes the No. 1 U.S. Import
http://www.winespectator.com/Wine/Daily/News/0,1145,2647,00.html
New
Zealand's latest enological success has wine lovers seeing red
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/
Wine
Tasting in the Shadow of the Andes
http://www.nytimes.com/2004/10/17/travel/17frug.html
---------------------------------------------------------------------------
This
Day in American History
The
Orphan Train Heritage Society of America Annual Reunion. Between 1854
and 1929, more than 150,000 homeless children and poor families were
transported out of New York City, Boston and Chicago aboard trains
accompanied by “agents.” Agents for the New York Children’s Aid Society
arranged for Midwestern families to take the children under a contract
agreement to “foster homes.”
http://www.nwaonline.net/pdfarchive/2000/October/14/10-14-00%20F5.pdf
http://www.janebuchanan.com/orphan_train.html
http://rainyskys.com/society.htm
1767 -Boundary between Maryland and Pennsylvania,
the Mason Dixon line, agreed upon on this date, a major step in establishing
“state” territories.
http://www.infoplease.com/ce6/us/A0832111.html
http://www.gamber.net/gamber/mason-dx.htm
http://news.nationalgeographic.com/news/2002/04/
http://www.appalachiantales.com/masondixon.htm
1775- Falmouth, the original capital of Maine
( later to be called Portsmith) burned by British
http://www.mainehistory.org/facts/Falmouth_Fire.pdf
1776- Col John Glover and Marblehead regiment
meet British Forces in Bronx,
considered to be the first “Marines.” Glover and 750 soldiers, stationed at Pell’s Point,
fought to a standstill a British force of more than 4,000 regulars.
http://1-14th.com/GenGlover.htm
http://www.angelfire.com/ca4/gunnyg/vignettes22.html
http://www.speakeasy.org/~docschlk/glover.htm
http://www.marblehead.com/glovers/
http://www.amazon.com/exec/obidos/ASIN/0883890577/
avsearch-bkasin-20/103-9138784-6331807
1836-Birthday of Ellen Browning
Scripps, who assisted her brother in numerous ways on his way to acquiring
the Detroit Evening News and was a Jane-of-all-trades from proof to
writing to make it a success; born, London, England. She then turned
all of her energies and money to helping her brother Edward who was
beginning a newspaper career in Cleveland.
Through wise investments in newspapers as well as real estate,
she became a multi-millionaire whose philanthropic works included the
Scripps Institution of Oceanography and Scripps Memorial Hospital in
La Jolla (both with Edward) and then singly endowed the Scripps College
for Women in Claremont, CA., and helped establish the San Diego Zoo.
http://www.sandiegohistory.org/bio/scripps/ebscripps.htm
1889-Birthday
of author Fannie Hurst, Hamilton, Oregon
She published 17 novels, nine volumes of short stories, three
plays, and hundreds of articles. She was a long-time friend of Eleanor
Roosevelt and supported the New Deal.
http://search.eb.com/women/articles/Hurst_Fannie.html
http://www.jewishvirtuallibrary.org/jsource/biography/hurst.html
1842-The
first telegraph cable was laid by Samuel Morse in New York Harbor between
Battery and Governors Island.. The next day, the cable stopped working
when a ship, in raising its anchor, had caught and wrecked 200 feet
of it.. Another cable was laid the following year for commercial use by Samuel Colt. It was insulated
with cotton yarn, beeswax, and asphaltum encased in a lead pipe, and
connected New York City with both fire Island and Coney Island.
1863-Union
General Daniel Sickles returns to visit his old command, the Third Corps
of the Army of the Potomac. He was recovering from the loss of his leg
at Gettysburg, and the visit turned sour when the army's commander,
General George Meade, informed Sickles that he would not be allowed
to resume command until he completely recovered from his injury at Gettysburg,
Meade posted Sickles' troops at the left end of the Union line. The
Army of the Potomac was arranged in a three-mile long, fishhook-shaped
line on the top of Cemetery Ridge and Culp's Hill. On the morning of
July 2, Sickles noticed that just in front of his position was a section
of high ground. In his estimation, this rise could be used by the Confederates
to shell the Union position. Sickles expressed confusion over his orders
and three times Meade explained that Sickles was to hold the end of
Cemetery Ridge. Sickles was unhappy with the explanation, failing to
understand that Meade was fighting a defensive battle. He moved his
corps forward anyway, and the move nearly cost the Union the battle.
A furious Meade ordered Sickles to withdraw his troops, but the Confederates
were already attacking. After heavy losses, the Third Corps moved back
to Cemetery Ridge. Despite his wound, Sickles hurried back to Washington
to conduct damage control. One of his first visitors was President Lincoln.
Sickles was one of the few Democrats who welcomed Lincoln to Washington
in 1861, and Lincoln remembered that gesture. Sickles gave his account
of the battle and justified his move. He even claimed that his action
prevented Meade from retreating and therefore prevented a Union defeat.
This began a war of words between Meade and Sickles that lasted the
rest of their lives. When the reports on the battle were filed that
fall, Sickles did not fare well. Many, such as General Governor K. Warren
and General-in-Chief Henry Halleck, blasted Sickles for his actions.
http://www.civilwarhome.com/sicklesbio.htm
1867-
the American flag flew for the first time in Alaska, marking the formal
transfer of this massive northern territory from Russia to the United
States. Separated from the far eastern edge of the Russian empire by
only the narrow Bering Strait, the Russians had been the first Europeans
to significantly explore and develop Alaska. During the early 19th century,
the state-sponsored Russian-American Company established the settlement
of Sitka and began a lucrative fur trade with the Native Americans.
However, Russian settlement in Alaska remained small, never exceeding
more than a few hundred people. Seeing the giant Alaska territory as
a chance to cheaply expand the size of the nation, William H. Seward,
President Andrew Johnson's secretary of state, moved to arrange the
purchase of Alaska. Agreeing to pay a mere $7 million for some 591,000
square miles of land-a territory twice the size of Texas and equal to
nearly a fifth of the continental United States-Seward secured the purchase
of Alaska at the ridiculously low rate of less than 2˘ an acre. He was
seriously criticized for the purchase and it took Congress over a year
to approve as people called the land “nothing but an ice box.”
The museum in
1870-Chew
Tilghman of Philadelphia, PA., received a patent for his invention of
a sandblasting process for cleaning, engraving, cutting and boring glass,
stone, metal and other hard substances.
1873-Football
rules were formulated at a meeting held in New York City and attended
by delegates from Columbia, Princeton, Rutgers, and Yale universities.
1898-The
United States flag was raised in Puerto Rico.
http://memory.loc.gov/ammem/today/oct18.html
1890 – John r. Owen, Jr. is first man to run 100 yard dash in under
10
seconds.
http://www.michtrack.org/HOF/hofowens.htm
1900-Birtdhay Lotte Lenya (born in Vienna as Karoline Wilhelmine
Blamauer) , Austrian actress-singer;
a star of the musical stage in pre- Hitler Berlin before fleeing to
the United States. She popularized
much of the music of her first husband's music, composer Kurt Weill.
She starred in the stage version (1928) and then film (1931) of The
Threepenny Opera. Following
Weil's death and the increase of Hitler's anti-Jewish campaign, LL immigrated
to the U.S. and led a revival of Weil's works including the Three Penny
for which she won the 1956 Tony award. She appeared in Broadway production
of Cabaret (1966), in such films as The Roman Spring of Mrs. Stone (1961)
, but perhaps best known to American audiences as the
Russian nurse Roas Klebb with a knife in her shoes in "From Russia
with Love" (1964). http://www.tvtome.com/images/people/271/8/53-32178.jpg
http://www.kwf.org/pages/ll/llbio.html
http://www.tvtome.com/tvtome/servlet/PersonDetail/personid-271853
1904-Birthday
of A.J.Liebling, American journalist and author who said “Freedom of
the press belongs to those who own one.” Abbott Joseph Liebling was
born at New York, NY, and died there Dec 28, 1963.
1906
- A hurricane struck South Florida drowning 124 persons stranded in
the Florida Keys.
1906-Birthday
of James David Brooks, born at St. Louis, MO., during the Depression
Brooks worked as a muralist in the Federal Art Project of the works
Progress Administration. His best-known work of that period was “Flight,”
a mural on the rotunda of the Marine Air Terminal at La Guardia National
Airport in New York. It was painted over during the 9150s, but resorted
in 1980. Brooks served with
the US Army from 1942 to 1945. When
he returned to New York his interest shifted to abstract expressionism.
His paintings were exhibited in the historical “Ninth Street Exhibition”
as part of the Museum of Modern Arts exhibits “Twelve Americans” and
“New American Painting,” among others. He died March 8, 1992 at Brookhaven,
NY.
1908-Birthday of author/writer Marshall Winslow
Stearns, Cambridge, MA
http://www.keough.net/category/us/0195012690.html
1918-Birthdayof pianist/songwriter Bobby
Troup, Harrisburg, PA http://www.emergencyfans.com/basement/articles/bio-troup.htm
http://www.emergencyfans.com/people/bobby_troup.htm
1919-Singer
Anita O’Day born, Chicago, IL.
http://www.geocities.com/BourbonStreet/Delta/3898/anitabio.html
1922-Robin Hood, starring Douglas Fairbanks,
opened at Grauman's Egyptian Theater in Hollywood. Searchlights crossed
the sky for the first time at a Hollywood premiere.
1926—Singer/guitarist/song
writer Charles Edward Anderson “Chuck” Berry born St. Louis, MO
http://home.swipnet.se/~w-20401/chuck/berry.htm
http://www.history-of-rock.com/berry.htm
http://www.crlf.de/ChuckBerry/bibliography.html
http://www.rocksite.info/r-berry-chuck.htm
1929
- The Judicial Committee of England’s Privy Council ruled that women
were to be considered as persons in Canada. Previously, under English
common law, women were persons in matters of pains and penalties, but
were not persons in matters of rights and privileges.
1930
-a big, early season lake effect snowstorm on the lee shores of Lake
Erie and Ontario dumped 48 inches of snow just south of Buffalo, NY
and 47 inches at Gouveneur, NY
1935-
Tommy Dorsey cuts “ I’m Getting Sentimental Over You.”
1941
-- Humphrey Bogart movie "The Maltese Falcon" is released,
from
the novel of the same name by Dashiell Hammett.
http://www.filmsite.org/malt.html
http://us.imdb.com/title/tt0033870/
http://www.awerty.com/maltese2.html
1942-
Vice. Adm. William F. Halsey replaces Vice Adm. Robert L. Ghormley as
commander, South Pacific. The man nicknamed "Bull" by the
press began his military career as a destroyer commander during World
War I. Halsey was made a captain at the age of 53, earned his naval
aviator's wings, and was promoted to vice admiral in 1940. But it was
the bombing of Pearl Harbor that would mark out his future for him.
Halsey's task force was one of the few functioning battle groups left
after the destruction of so much of the American fleet, placing him
in the position of making the unpredictable and aggressive strategic
decisions for which he would become renowned.
1945-Paul
Robeson, African-American actor, singer, athlete and activist, receives
NACCP Spingarn Medal
1950---Top
Hits
Goodnight Irene - The Weavers
All My Love - Patti Page
Harbor Lights - The Sammy Kaye Orchestra (vocal: Tony Alamo)
I’m Moving On - Hank Snow
1953-
Willie Thrower becomes the first
black NFL quarterback in modern times.
http://www.post-gazette.com/sports/columnists/20020224finder0224p1.asp
http://sport.guardian.co.uk/Print/0,3858,4395488,00.html
http://www.pittsburghpa.net/sports/columnists/20020829finder4.asp
1954 "The Week in Religion" aired
for the last time over Dumont television. First broadcast in March 1952,
this ecumenical Sunday evening panel show divided the hour into 20-minute
segments each for Protestant, Catholic and Jewish news.
1956
- Football commissioner Bert Bell turned thumbs down on the use of radio-equipped
helmets by NFL quarterbacks.
1956-
Martina Navratilova, Czech- born, U.S. tennis champion.
http://www.fortunecity.com/lavendar/sidjames/126/martina.html
http://www.wtatour.com/players/playerprofiles/playerbio.asp?
1957-
“Colt 45,” Wade Preston starred in this ABC western as Christopher Colt,
son of the inventor of the Colt revolver, and a government agent. Character
actor Donald May replaced Preston and played the role of Sam Colt, Jr.,
Christopher’s cousin, until early 1960 when Preston returned to the
show. My father Lawrence Menkin
wrote several
1958—Top
Hits
It’s All in the Game - Tommy Edwards
Rock-in Robin - Bobby Day
Tears on My Pillow - Little Anthony and The Imperials
Bird Dog - The Everly Brothers
1961-
the movie version of the Broadway musical West Side Story opens
at New York's Rivoli Theater. The musical, featuring music and lyrics
by Leonard Bernstein and Stephen Sondheim, retold the story of Romeo
and Juliet but set the action in contemporary New York. In the story,
star-crossed lovers Maria and Tony are torn between their feuding cultures:
Maria's brother leads a Puerto Rican gang that is at odds with Tony's
Anglo gang. The movie won 10 Academy Awards, including Best Picture,
Director, and Supporting Actor and Actress.
1961-
trumpeter Wynton Marsalis born New Orleans, LA.
1961
- "Le Bateau", by French painter Henri Matisse, went on display
in the Museum of Modern Art in New York City. The painting attracted
large numbers (over 100,000) of viewers. For 47 days, nobody realized
that "Le Bateau" was hanging upside down.
1966-Top
Hits
Reach Out I’ll Be There - Four Tops
Last Train to Clarksville - The Monkees
Psychotic Reaction - Count Five
Blue Side of Lonesome - Jim Reeves
1967 –American League votes to allow Athletics
to move from Kansas City to Oakland and expand the league to 12 teams
in 1971 with Kansas City and Seattle teams
1968
- Circus Circus Casino opened in Las Vegas “to attract all members of
the family.” The football-field-sized casino and big top was a giant
pink and white oval shaped circus tent across from the Riviera Hotel.
To separate the gamblers from their kids, as required by law, a second
level contained midway games and attractions for the tykes, but still
in view of the circus acts. Circus Circus in Reno, Nevada is very popular
with families, also due to the low prices of the rooms.
1971
- The final issue of "Look" magazine was published. It had
been a must-see publication
1972-
Overriding President Nixon’s veto, Congress passed a $25 billion Water
Pollution Control Act. 1974—Top Hits
I Honestly Love You - Olivia Newton-John
Nothing from Nothing - Billy Preston
Then Came You - Dionne Warwicke and Spinners
Please Don’t Stop Loving Me - Porter Wagoner and Dolly Parton
1974-
Chicago Bull Nate Thurmond becomes 1st in NBA to complete a quadruple
double-22 pts, 14 rebounds, 13 assists and 12 blocks.
1975-Simon
and Garfunkel reunite on "Saturday Night Live."
1977-
Reggie Jackson hit three homes runs in three consecutive at-bats to
lead the New York Yankees to a World Series championship over the Los
Angeles Dodgers. Jackson’s homers,
all hit on the first pitch, came against Burt Hooton,
Elias Osa and Charlie Hough.
They came in Game 6, won by New York, 8-4, Jackson hit tow other
home runs in Games 4 and 5, to set a record for most homers in
a six-game Series.
1977 - Reggie Jackson made history and earned the nickname, Mr. October. Regg-a-roo (as Howard Cosell called him) hit three home runs on three successive pitches. He lead the New York Yankees to an 8-4 thrashing of the Los Angeles Dodgers and rookie manager Tommy Lasorda in Game 6 of the World Series. Three different pitchers served up the gopher balls to Jackson. The New York Yankees won the series, 4 games to 2; their first Series title in
15
years.
1982—Top
Hits
Jack and Diane - John Cougar
Who Can It Be Now? - Men at Work
Eye in the Sky - The Alan Parsons Project
I Will Always Love You - Dolly Parton
1983
- Kenny Rogers and Dolly Parton received some gold to add to their collections
-- for their smash, "Islands in the Stream".
1986
- Huey Lewis and The News had the number one album in the U.S. "Fore"
was perched at the pinnacle of popdom for one week. "Fore"
featured these tracks: "Jacob’s Ladder", "Stuck with
You", "Whole Lotta Lovin’", "Doing It All for My
Baby", "Hip to Be Square", "I Know What I Like",
"I Never Walk Alone", "Forest for the Trees", "Naturally"
and "Simple as That".
1987
- Thunderstorms in northeastern Texas produced golf ball size hail at
Atlanta, along with wind gusts to 86 mph, and four inches of rain. Damage
from the storm was estimated at more than a million dollars. Sunny and
mild weather continued across much of the rest of the nation.
1988-
“Roseanne” appears on TV.. This comedy showed the blue-collar Conner
family trying to make ends meet. Rosanne played wise-cracking Roseanne
Conner, John Goodman played her husband Dan and Laurie Metcalf played
her sister Jackie. The Conner children were played by Sara Gilbert (Darlene),
Alicia Goranson and Sarah Chalke (Becky) and Michael Fishman (D.J).
The last episode aired Nov 14, 1997 but it remains popular in reruns.
1988
- Eight cities in the southwestern U.S. reported record high temperatures
for the date, including Red Bluff CA with a reading of 96 degrees.
1989
- Unseasonably cold air began to invade the central and eastern U.S.
Light snow fell across northern Maine, and snow was also reported in
the Great Lakes Region, including the Chicago area. Bismarck ND was
the cold spot in the nation with a low of 9 degrees above zero. Five
cities in Florida reported record high readings for the date, as temperatures
warmed above 80 degrees. Miami FL reported a record high of 90 degrees.
1989
-Hurricane Jerry made landfall on the upper Texas coast, the latest
ever for a storm in this region. The center of this very small storm
passed closest to Galveston, TX which reported sustained winds of 75
mph with gusts to 100 mph
1990---Top
Hits
Praying for Time - George Michael
I Don’t Have the Heart - James Ingram
Ice Ice Baby - Vanilla Ice
Friends in Low Places - Garth Brooks
1991
-3.9 inches of snow fell at Rochester, MN the greatest ever so early
in the season
1995-
The Houston Oiler football gave the world a view of family values. Houston
Oiler David Williams missed a game against the New England Patriots
to stay with his wife Debi, the day after she gave birth to their son
Scot Cooper. The offensive linesman was docked $110,000 for the missed
game. "Whatever the fine, it's money well spent," said Williams.
"I don't regret what I've done." In a poll, 9 out of 10 football
fans backed his decision. He had tried to make the game, but was not
able to make the last plane out of Houston, plus there was fog in New
York delaying other planes. Houston owner Bud Adams insisted Williams
made the wrong decision
http://tampabayonline.net/reports/top100/no43.htm
http://www.northwaychristian.org/Sermons/2002-06-16.htm
1996-The
American Baskeball League, a new professional league for women, opened
its inaugural season with three games. The New England Blizzard defeated
the Richmond Rage, 100-73, the Columbus Quest beat the Seattle Reign,
82-75, and the San Jose Lazers took the measure of the Atlanta Glory,
78-70. The Colorado Xplosion
and the Portland Power were idle on the league’s first night.
World
Champions This Date
1977
New York Yankees
Baseball
Poem
TEDDY AT THE BAT
(With apologies to Ernest Lawrence Thayer)
By Dick
Flavin (all rights reserved)
The outlook wasn’t brilliant for the Red Sox nine
that day,
The score stood four to two with but one inning left
to play.
So when Stephens died at first and Tebbetts did the
same
A pallor wreathed the features of the patrons of the
game.
A straggling few got up to go, leaving there the rest
With he hope that springs eternal within the human
breast.
They thought if only Teddy could get a whack at that—
They’d put even money now with Teddy at the bat.
But Dom preceded Teddy and Pesky was on deck.
The first of them was in a slump. The other was a
wreck.
So on that stricken multitude a deathlike silence
sat,
For there seemed but little chance of Teddy’s getting
to the bat.
But Dom let drive a single, to the wonderment of all,
And Pesky, of all people, tore the cover off the ball.
When the dust had lifted, and they saw what had occurred,
There was Johnny safe on second and Dominic on third.
Then from that gladdened multitude went up a joyous
yell,
It rumbled in the mountains and rattled in the dell.
It struck upon the hillside and rebounded on the flat,
For Teddy, Teddy Ballgame, was advancing to the bat.
There was ease in Teddy’s manner as he stepped into
his place,
There was pride in Teddy’s bearing and a smile on
Teddy’s face.
And when, responding to the cheers he lightly doffed
his hat,
(I’m making that part up)
No stranger in the crowd could doubt ’twas Teddy at
the bat.
Ten thousand eyes were on him as he wiped his hands
with dirt,
Five thousand tongues applauded as he wiped them on
his shirt.
Then when the writhing pitcher ground the ball into
his hip,
Defiance gleamed in Teddy’s eyes, a sneer curled Teddy’s
lip.
And now the leather covered sphere came hurtling through
the air,
And Teddy stood a-watching it in haughty grandeur
there.
Close by the sturdy batsman the ball unheeded sped.
“That ain’t my style,” said Teddy. “Strike one!” the
umpire said.
From the benches black with people went up a muffled
roar,
Like the beating of the storm waves on the stern and
distant shore.
“Kill him! Kill the umpire!” someone shouted on the
stand,
And it’s likely they’d have killed him had not Teddy
raised his hand.
With a smile of Christian charity great Teddy’s visage
shown.
He stilled the rising tumult and bade the game go
on.
He signaled the pitcher, and once more the spheroid
flew.
But Teddy still ignored it, and the umpire said, “Strike
two!”
“Fraud!” cried the maddened thousands, and the echo
answered fraud.
But one scornful look from Teddy and the audience
was awed.
They saw his face grow stern and cold, they saw his
muscles strain,
And they knew that Teddy wouldn’t let that ball go
by again.
The sneer is gone from Teddy’s lip; his teeth are
clenched in hate.
He pounds with cruel vengeance his bat upon the plate.
And now the pitcher holds the ball, and now he lets
it go,
And now the air is shattered by the force of Teddy’s
blow.
Oh, somewhere in this land of ours the sun is shining
bright,
The band is playing somewhere, and somewhere hearts
are light,
And somewhere men are laughing, and somewhere children
shout.
And they’re going wild at Fenway Park ’cause Teddy
hit one out!
First recited by Dick Flavin for Ted Williams, Dom
DiMaggio and Johnny Pesky at Ted’s home in Hernando, Florida, October
23, 2001.
Repeated at Memorial Tribute to Ted Williams
Fenway Park, Boston, Massachusetts
Leasing News Baseball Poetry Collection
http://www.leasingnews.org/Poetry.htm
 www.leasingnews.org |
 |
