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Red Socks versus Redbirds
World Series opens
at Fenway on Saturday; Sox face St. Louis
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Your One stop solution for training and reference material for the Leasing Professional
|
Friday,
October 22,2004
Headlines---
Classified
Ads---Asset Management
Pictures
from the Past—December, 1978-Fred Shieman
The
30 Year History of UAEL---Part IV
IPA
Names Nation’s Best-Managed Accounting Firms
Cyence
Solutions Offer Electronic Signature
Online
Invoicing Services from IDS and Avolent
Golden
West Financial Services
Changing
of the Guard at Bank of the West
Preferred
Capital/American Lease Insurance
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Classified
Ads---Asset Management
Austin, TX.
20+ years exper. lease/finance. P & L responsibility, strong credit & collection management, re- marketing& accounting. Computers, construction, auto & transportation. Both commercial/ consumer portfolios.
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MI.
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20+ years experience in equipment financing. Last five years in Asset Management including remarketing, end of lease negotiations, equipment and market evaluations
E-mail: bgaffrey@earthlink.net
92 “Job Wanted” ads at:
http://64.125.68.90/LeasingNews/JobPostings.htm
-------------------------------------------------------------------------------
Pictures
from the Past—December, 1978-Fred Shieman
“Western Association
of Equipment Lessors elected a new slate
of officers for 1979
at the Maui Conference. The
income president is Fred Shieman of California Group Services in San
Francisco. Shieman has been active in WAEL since its early formative
days, and served the association as vice president for 1978 and earlier
as secretary treasurer.
“WAEL’s new president
started his firm, a real estate financing development operation, in
1971. IN the early years the firm concentrated in construction equipment,
leasing and conditional sales contracts.
They developed some combination types of financing of real estate
and equipment along with concurrent equipment leasing, and later provided
some leasing services for manufacturers and equipment
“Fred graduated from
the University of California, Berkeley, and reports he has one wife,
two children. They live in Walnut
Creek, and Fred
While flying by himself,
Shieman’s plane crashed due to bad weather conditions. According to Duane Russell, CLP, who submitted
the above poem for the February, 1990 UAEL Newsline, “Fred died doing
what he loved. He loved flying.”
High Flight
A poem by John Gillespie Magee, Jr.
Oh, I have slipped the surly bonds of earth
And danced the skies on laughter-silvered wings;
Sunward I've climbed and joined the tumbling mirth
Of sun-split clouds—and done a hundred things
You have not dreamed of—wheeled and soared and swung
High in the sunlit silence, hov'ring there,
I've chased the shouting wind along and flung
My eager craft through footless halls of air
Up, up the long, delirious, burning blue
I've topped the windswept heights with easy grace
Where never lark or even eagle flew.
And, while with silent, lifting mind I've trod
The high, un-trespassed sanctity of space,
Put out my hand and touched the face of God.
At the time of his
departure, Fred D. Shieman was chairman of the board, Matsco Financial
Corp., Walnut Creek, California. His son
that market.”
• Practice acquisition
& start-ups
• Expansion and improvement
projects
• Equipment purchases
• Commercial real
estate purchases
• Business refinancing
& lines of credit
“Matsco is the only
practice financing company endorsed by American Dental Association Member
Advantage.”
Fred would be very
proud of his son Matt and the solid company
he has built to carry
on the Shieman tradition of leadership
and personal involvement
in the industry and society.
-------------------------------------------------------------------------------
 |
The
30 Year History of UAEL---Part IV
by
Kit Menkin
“UAEL ANNOUNCEMENT
Date: December 29, 2000
To: Members of UAEL
This announcement
is made with great pleasure; Joan Dalton is appointed Managing Director
of United Association of Equipment Leasing, effective January 1, 2001.
Travis
Foxx, Merchant Capital, with United Association of
Equipment
Leasing’s always effervescent Joanie Dalton.
“In assuming this
new assignment, Joanie replaces Dr. Raymond Williams, Ph.D., CAE whose
resignation was announced in October.
While Joanie's assignment
will embrace many functions, her greatest contribution will come from
these three areas:
a.. Involvement -
Getting our members active on committees
b.. Networking - Bringing members together through regional events,
conferences and online
c.. Education - Providing current and timely topics Joanie is a native
of San Francisco and continues to live in the City with her husband
and two daughters.
UAEL - United Association
of Equipment Leasing
IT'S ALL ABOUT SUCCESS: Involvement * Networking * Education”
### Press Release
######################
November 20,2001
Ex-WAEL Prez to Be New Chief Executive Officer
Joe Woodley, CLP, is the new full-time United Association of Equipment Leasing ( UAEL )Chief Executive Officer. He will continue at Westover Financial. Steve Jones is the president of Westover. He
was president of the organization in 1987, when it was the Western Association
of Equipment Lessors
( WAEL )..
Joanie Dalton, former executive former meeting planner, executive director, has been elevated to
Chief Operating Officer.
“ This is a very,
very positive move for our association, “ Joanie Dalton said.“ It is
also both very positive for me personally and professionally…to have
a mentor such as Joe Woodley is perfect.
We can provide more benefits to our members. 2002 will be an
exciting year for UAEL.”
Bill Grohe, who was president of the organization in 1991 when it was WAEL, remains as
membership director.
Since the departure
of long time executive vice-president Dr. Raymond Williams, CAE, Joanie Dalton along with the executive committee,
utilized “outsourcing” to keep the budget in line.
2001 president Chuck Brazier, CLP, Centerpoint Financial,
says it is “ time
to get the executive committee out of running the office and to spend
more time with members, listening to them, providing solutions, and
being more active.
“This will provide
consistent leadership, giving Joanie more time to run the office, work
on conferences. It will give
management more time to work with members, plus give time to the executive
committee to meet with committees, make committees work, and bring balance
back to our organization.”
Brazier said the 2001 UAEL board meeting along with the
2001 UAEL
Board UAEL board
meeting in Hilton Head, South Carolina produced many positive changes....
“ We need to get
the executive board and board back to member services, “ he said. “
Joe is doing this job out of the love for the association, as Bill Grohe
is doing…not for the money.”
### Press Release
##############
RE: Appointment
of Joe Woodley, CLP as CEO
TO: Kit Menkin
FROM: President Chuck
Brazier, CLP.
Vice-President Bob
Fisher, CLP
Secretary-Treasurer
Bette Kerhoulas, CLP
Immediate Past President
Bob Rodi, CLP
2002 Secretary-Treasurer
Elect Jim Coston
The UAEL Board of
Director's selection of Joe Woodley, CLP is part of UAEL's continued
thrust to provide its membership with the best possible leadership and
is but one piece of a full revitalization of UAEL beginning during the
end of 2000.
At the end of 2000,
we empowered a search committee to find a Managing Director. Joanie
Dalton stepped up and won the support of the committee as well as support
of the Board of Director's. Now we have the opportunity to tap the experience
of a long-time member and Past President in the newly appointed position
of CEO to further develop not only the UAEL focus but also the staff.
Joe Woodley, CLP has the full support of the staff and the Board of Directors. The members who know him personally know he will do the job successfully. He will make a tremendous difference in 2002. Also, this will allow the Board of Directors more time to communicate with and be involved in the
membership needs.
As incoming President,
Bob Fisher, CLP said in Leasing News; "Challenges are met with
action and not fear of the future." While he was not writing about
this subject, his statement clearly explains the fundamentals of why
we chose a person with such rich leasing experience as Joe Woodley,
CLP.
During my tenure,
we worked diligently to build a more stable UAEL foundation. Now, with
Bob Fisher, CLP as President, Joe Woodley, CLP as Chief Executive Officer,
Joanie Dalton as Chief Operating Officer and Bill Grohe as Director
of Membership, the members will reap the rewards of the experience and
history they each have to offer.
UAEL has been very
successful offering the best education, the development of the CLP Program,
and providing a forum where each member firm has the right to vote on
issues. UAEL will continue this success because of the strong foundation
that has been established which allows the Executive Committee and Board
of Directors more time to develop new and exciting educational events,
networking opportunities and ways for members to get involved. Remember,
"It's All About Success: Education, Networking and Involvement".
### Press Release
############
1986 Western Association
of Equipment Lessors President Ted Parker, Charter Equipment Leasing
(left) admonishes 1987 President-elect Joe Woodley, Westover Financial,
IN. to “ talk softly and carry a big stick” as he passes the gavel.
Joe Woodley turns
gavel over to Ben Millerbus,1998 President
November, 1987 WAEL
Newsline
December, 1985 WAEL
Newsline introduced 1986 officers: “WAEL
Vice-President Joe
Woodley, is president of Westover Financial, Inc., San Clemente, CA. He served as WAEL’s 1985 Secretary/Treasurer
and a member of the Executive Committee.
“Joe has been active in the leasing industry for 15 years, starting
with a position with the Burroughs Corporation after his graduation
from the University of Albuquerque. He was involved in private leasing
in 1972 and 1975-77, spending the interim years with St. Paul Leasing. He was Vice President/Marketing at Colonial
Pacific Leasing Company from 1977-85.
“ Joe has been on the WAEL Board of Directors since 1982, and was
Program Chairman for the Spring Conference in 1985. He served as Board Liaison to the Brokers Committee in 1983, and
the Membership
Committee in 1984,
and was Chairman of the Management Review Committee and Government Affairs
Task Force.
“His special responsibility
for 1986 will be the WAEL Local Meetings, for which he will supervise
and assist the 11 Regional Chairpersons in program planning and development.”
June 26,2002 Joan
Dalton “leaves”
" United Association
of Equipment Leasing Executive Committee, Bob Fisher, CLP President;
Bette Kerhoulas, CLP Vice President; James Coston, Secretary/Treasurer
and Chick Brazier, CLP Immediate Past President, along with Joe Woodley,
CEO of UAEL announced today that Joanie Dalton, COO of UAEL has submitted
her resignation effective July 3rd, 2002.
Joanie has been with
UAEL since March of 1999. Mrs.
Dalton has decided to pursue another opportunity outside the non-profit
Association arena.
The Officers, Board
of Directors and Staff of UAEL wish her success in her new endeavor."
Bob Fisher, CLP
CEO
UAEL Elects First Female President
Oren Hall, emeritus
member, former president of the United Association of Equipment Leasing
(UAEL), made the motion from the floor, and President Bob Fisher, CLP,
made the announcement, “ In the first 26 years of our association, we now have a female president, Bette Kerhoulas,
CLP.
2000
Bette Kerhoulas, CLP
Pacifica Capital
(“Winner of Closest to the Pin”)
“As this years UAEL
President I am genuinely excited about the entire 2003 Board and its
composition, “ then UAEL President Bob. Fisher, CLP added in the announcement.
“. Bette heads into 2003 with
a solid board with a broad cross section of UAEL member’s interests
represented. I have know Bette since the mid 1980’s and
have found her to be a true leader within our industry and a successful
business owner with a pulse on the industry as well as a solid, professional
reputation.”
The choice of the
Oakland office came from former executive director Jon Bednerik, who
lived on a boat in the marina near Jack London Square in Oakland, California. With Joan Dalton gone, Joe Woodley commuting
from Southern California, the best prerogative was to
change the location.
“The move of the
UAEL office was determined to be feasible when the Landlord agreed to
allow UAEL to terminate its lease.
The Landlord found a new tenant to occupy the facility without
any penalty to UAEL. The savings to UAEL will be substantial; the
new lease is 2/3's per month less than the old lease. The phones were to have been live, Azin is to handle incoming calls.
Bill Grohe is settled in his home office ( in San Francisco )and continues
to handle business.
“The economic benefit to the membership should be immediate!”
Bob Fisher, CLP
CEO
Jim McCommon, CLP,
UAEL Media Representative, issued a press release on behalf of the board
of directors that the move would be made by December 1,2002.
(I had planned to
up-date from the 30th Anniversary Conference,
In the interim, here
are:
UAEL 2005 Board of
Directors Nominating Committee
Chair: Bette Kerhoulas,
CLP—Past President—Pacifica Capital
Chris Jupka, CLP—Montana
Commercial Credit, LLC
Stephanie Manganaro—LeaseTeam,
Inc.
Mohammed Ahsan—Quail
Capital, Corp.
2004 Board of Directors
President Jim Coston,
CLP
Coston, Fioretti
& Lichtman
407 S. Dearborn #600
Chicago, IL 60605
Phone: 312-427-1930
Fax: 312-427-7356
Email: jcoston@costonlaw.com
Immediate
Past President Bette
Kerhoulas, CLP
Pacifica Capital
8105 Irvine Center
Drive
Irvine, CA 92618
Phone: 949-727-3711
x227
Fax: 949-727-3722
Email: bettek@pacifica-capital.com
Vice President Terey
Jennings, CLP
Financial Pacific
Leasing, LLC
3455 S. 344th Way
Federal Way, WA 98001
Phone: 888-239-8338
Fax: 800-447-7106
Email: tereyj@finpac.com
Secretary/Treasurer
Victor Harris
Law Offices of Victor
Harris
1050 Northgate Drive,
#360
San Rafael, CA 94903
Phone: 415-479-8000
Fax: 415-479-8111
Email: vhlaw@prodigy.net
Board Members Bob
Baker, CLP
Wildwood Financial
Group, Ltd.
16292 Westwoods Business
Park
Ellisville, MO 63021
Phone: 800-373-3581
Fax: 877-235-0808
Email: baker@wildwoodfinancial.com
John Donohue
Direct Capital Corporation
215 Commerce Way
Portsmouth, NH 03801
Phone: 603-431-3335
Fax: 603-430-9701
Email: jdonohue@directcapital.com
Randy Haug
LeaseTeam, Inc.
11510 Blondo Street,
Suite 200
Omaha, NE 68116
Phone: 402-493-3445
Fax: 402-493-3433
Email: randy@leaseteam.com
Marci Kimball-Slagle,
CLP
Jim Lahti, CLP
Heritage Affiliated
Corporate Services, LLC
401 East Corporate
Drive, Suite 250
Lewisville, TX 75057
Phone: 972-221-7335
Fax: 972-221-7336
Email: jrl@acsitx.com
Ron Lear
PFF Bank & Trust
6731 Brentwood Drive
Huntington Beach,
CA 92648
Phone: 714-960-7837
Fax: 714-960-6427
Email: learlease@aol.com
Jim McCommon, CLP
McCommon Leasing
Company
2800 Northup Way,
Suite 205
Bellevue, WA 98004
Phone: 425-827-7345
Fax: 425-827-6386
Email: jim@2lease.com
Paul Menzel, CLP
Santa Barbara Bank
& Trust
PO Box 60607
Santa Barbara, CA
93160-0607
Phone: 800-653-2737
x1650
Fax: 800-350-1600
Email: paulm@sbbt.com
Tom Mulally
Szabo, Spencer &
Mulally
14156 Magnolia Boulevard
Sherman Oaks, CA
91423
Phone: 818-784-8700
Fax: 818-784-5406
Email: tom@ssmlaw.com
Brad Peterson
Manifest Funding
Services
1450 Channel Parkway
Marshall, MN 56258
Phone: 507-532-7194
Fax: 800-433-6185
Email: jb.peterson@themanifestgroup.com
Rudy Trebels, CLP
IFC Credit Corp.
8700 Waukegan Rd,
Suite 100
Morton Grove, IL
60053
Phone: 847-663-6710
Fax: 847-663-6704
Email: rtrebels@ifccredit.com
UAEL Staff Joe Woodley,
CLP
Executive Director
78120 Call Estado,
Suite 201
La Quinta, CA 92253
Phone: 760-564-2227
Fax: 760-564-2206
Email: jwoodley@uael.org
Bill Grohe
Director of Marketing
189 Galewood Circle
San Francisco, CA
94131
Phone: 415-681-2234
Fax: 415-681-0113
Email: bill@uael.org
Mike Wood
General Manager
78120 Calle Estado,
Suite 201
La Quinta, CA 92253
Phone: 760-564-2227
Fax: 760-564-2206
Email: mike@uael.org
--------------------------------------------------------------------------------------------------------
IPA Names Nation’s Best-Managed Accounting
Firms
AccountingWEB.com --
INSIDE Public Accounting named 25 public accounting firms from across
the country as the nation’s best-managed accounting firms for 2004,
based on fiscal and management performance. (See list below.)
The firms, featured in
the October 2004 issue of INSIDE Public Accounting, range in size from
$267 million to less than $2 million in net revenue. They cover diverse
geographic locations, stretching from New England to the Pacific coast.
Size and geographic location are not criteria for inclusion on the list.
IPA’s best-managed accounting
firms are selected from the hundreds of firms that participate in the
publication’s annual survey of accounting firms. The selections are
based on more than 30 criteria that serve as commonly accepted indicators
of great management of accounting firms. They include (but aren’t limited
to) revenue growth, profitability and profitability growth, human resources
and staff issues, management of resources and rewards to owners.
IPA selects the nation’s
25 best-managed accounting firms annually and refers to them as IPA’s
“Best of the Best.” The publication also selected 25 firms as “Best
Of The Best Honorable Mentions,” which serve as runners-up and complete
IPA’s 2004 list of the 50 best managed firms in the nation. The full
list of IPA’s “Best of the Best” can be found at www.hudsonsawyer.com.
“We use a rigorous process
for selecting the 25 best-managed accounting firms. This designation
is one of the most elite honors an accounting firm can receive, because
it’s based entirely on fiscal and operational performance,” said Julie
Lindy, editor of INSIDE Public Accounting. Added Martha Sawyer, publisher
of INSIDE Public Accounting, “The management standards and performance
of these 25 firms are second to none among accounting firms nationwide.
It’s our pleasure to bestow this distinctive and prestigious honor on
each of them. They truly represent the best of the best in the realm
of accounting firm management.”
2004 Best of The Best
America’s Best Firms Based on Fiscal and
Management Performance
http://leasingnews.org/PDF/IPA_names2.pdf
2004 Best of The Best Honorable Mentions
America’s Best Firms Based on Fiscal and
Management Performance
http://leasingnews.org/PDF/IPA_names3.pdf
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### Press Release
##############################
Dan
Stone receives ‘Ebby’ for service to leasing industry and The OVLA
COLUMBUS – A former
president of The Ohio Vehicle Leasing Association and long-time leasing
activist was awarded The OVLA’s Edward L. Glockner Award or “Ebby” at
the Association’s 48th year Fall Leasing Conference here Thursday, Oct.
21.
Dana H. (Dan) Stone,
OCLC, the owner-president of Stone Leasing Inc., Columbus, received
the award in recognition of his years of service to the vehicle leasing
industry and The OVLA.
Stone joined The
OVLA in 1977 and after holding several offices served as president of
the largest and oldest state association representing the vehicle leasing
industry in the nation in 1997 through 1998. He currently is the Association’s
secretary-treasurer.
He earned his Ohio
Certified Lease Consultant or OCLC designation with the first class
in 1997. The 16-hour education program was initiated “. . . to provide
a cadre of well-trained lease consultants who can, together with their
employers, prosper, while separating the professional from the ordinary
through the attainment of knowledge and a high standard of conduct.”
Stone and his wife
Jane reside in the Columbus suburb of Upper Arlington and have two daughters
and two grandsons.
Nominations from
members are sought by The OVLA for the “The Ebby” which was created
by the Board of Directors in 1994 to recognize individual effort and
is named for Edward L. (Ebby) Glockner, the retired owner of Quality
Car & Truck Leasing Inc. and Glockner dealerships, Portsmouth.
Glockner served CATRALA
of Ohio Inc., the parent organization of The OVLA, and the Car Renting
and Leasing Conference of Ohio, a predecessor to The OVLA in a number
of capacities from 1977-89.
One of Glockner’s
last jobs was to assist with the transformation of Car Conference into
The OVLA in 1989. He attended the 48th year Fall Conference Thursday
as well as the 48th year Convention last May.
Previous Glockner
Award Winners:
1994 – Louis N. Vitale
and Gary Huff of Bank One Acceptance Corp., Columbus
1995 – Robert L.
Geier of CalCorpCo, Solon
1996 – Jeffrey S.
Larger of NFS-QAL Sales & Leasing Services, Columbus
1997 – Mark VanNest
of MotorWerks Inc., Dayton
Contact: Dick Lightner
at 1.800.369.5633 or
ovla @uautolease.com
###
Press Release #######################
Repo
Trends Vary By Industry, Business Quarter
ROSLYN
HEIGHTS, NY., —Nassau Asset Management’s NasTrac Quarterly Index (NQI)
indicates that repossessions of tractor-trailer trucks declined 70
percent in the third quarter (Q3) compared with the same time frame
in 2003--welcome news for lenders and truckers following an upswing
in repos mid-year.
“This
summer truck repossessions climbed 33 percent between first and second
quarter, when truckers were battling rising fuel and insurance costs,”
says Edward Castagna, senior executive vice president of Nassau. “What
we saw in Q3 was in line with the overall decline in equipment repossessions
that began in 2003.”
Repossessions
of machine tools, a closely watched barometer of economic activity,
dropped 72 percent in Q3. This finding correlates with other indicators
within the manufacturing industry. In August, U.S. machine tool consumption
to date in 2004 was up 38.4 percent compared with 2003, according
to the Association for Manufacturing Technology and the American Machine
Tool Distributors Association.
Repossessions
of medical devices in Q3 declined by 15 percent, a nominal change,
according to Castagna. However, other sectors experienced significant
fluctuations over the summer:
Repossessions of printing presses were up 88
percent compared with Q3 2003, plus have risen consistently over all
three quarters of 2004. Castagna says this trend may be partly due
to consolidation taking place within the industry, as noted in the
National Association for Printing Leadership’s November 2003 report,
“Economic Recovery No Cure-All."
Repossessions
of construction equipment increased by 57 percent compared with Q3
2003. Castagna says this is the first time in 2004
that construction repos have risen compared with 2003. When comparing
each of the three quarters to date in 2004, in fact, construction
repos have actually declined or flattened .
Other economic indicators show that construction spending in
2004 as of August was up 9.4 percent over 2003, according to the U.S.
Commerce Department’s Census Bureau.
Nassau is watching the construction sector closely to determine
if the Q3 increase was due to greater front-end volume or an early
indication that construction businesses are responding to economic
pressure.
The
current NQI reports on the top five repossessed capital assets in
Q3 2004, which include trucks/trailers, printing presses, medical
devices, machine tools and construction equipment, according to Nassau’s
internal records on liquidations. Readers should keep in mind that
results must be viewed over several quarters to establish long-term
trends since all industries experience cyclical changes.
Nassau
also tracks many other equipment types as a function of its nationwide
remarketing operation, which liquidates all types of assets. Finance
companies and industry analysts can contract with Nassau to dig deeper
into the numbers, determining the root causes for trends and researching
specific equipment types. Companies
can use their private reports to help mitigate risk in portfolios
and/or provide useful economic indicators to their own clients.
About
Nassau
Nassau Asset Management of Roslyn Heights, NY, has been providing full-service asset management, including large-scale end-of-term fleet liquidations, full plant liquidations, asset recovery, collections, remarketing, and appraisals for more than 25 years to the equipment leasing and finance industry.
For more information, please visit
www.nasset.com or call
1-800-4.NASSAU.
###
Press Release #######################
Cyence
Solutions Offer Electronic Signature
No
more faxing, overnight couriers, and imaging systems
St.
Petersburg, FL,—Cyence International customers have yet another way
to reduce transaction time and cost in loan and lease processing. Electronic signature capability is now available
in the ExpressOS™ and Express CS™ solutions, thanks to the company’s
new alliance with Seattle-based DocuSign Inc.
“DocuSign
Express™ software gives Cyence ExpressOS™ and Express CS™ users a
simple, secure service for document signing,” says Cyence COO Greg
McIntosh. “Documents can be delivered for certified delivery
or electronic signatures to anyone who has email and a browser. No hardware is required at the point of signature,
and identities can be easily verified.”
“DocuSign’s
patented technology is like a digital overnight express envelope,”
says Court Lorenzini, CEO of DocuSign.
“Our architecture is designed for the seamless delivery and
signing of any document from any application, so it easily integrates
with current business processes.” The recipient only needs email and
a browser to securely sign online.
According
to Lorenzini, senders simply print documents into a DocuSign Express™
“Instant Envelope.” From there, they place Stick-eTabs™ wherever the
recipient’s signature or initials are needed.
When the document is sent, its contents are encrypted and stored
in a secure repository on a central server. Recipients then receive
email invitations to authenticate, review, and sign the documents
using a unique DocuSign Electronic Signature, which the system creates
and secures for each signer.
DocuSign
Express fully complies with all requirements of the Electronic Signatures
in Global and National (ESIGN) Commerce Act of 2000, federal legislation
mandating that online signing provides the same legal effect as paper-based
signatures, and is a fully legal alternative to traditional pen-and-ink
signatures.
“Electronic signature is not only many times
more efficient than the traditional use of paper and costly delivery
services,” says McIntosh. “It
also enables the rapid completion of contracts for our customers—bringing
faster deployment, healthier margins, and potentially higher revenues. We look forward to providing the many benefits of the e-signature
service as part of the Cyence collaborative solution sets.”
About
Cyence International Inc.:
Cyence International Inc. is a leading provider of Web Services software solutions for the world's banking, manufacturing, and equipment finance markets. Its software solutions, ExpressOS™ and ExpressCS™, imbed industry best practices and enable real-time, online collaboration in the end-to-end
finance
process.
From Origination to Credit Adjudication, Document Management to Auditing, Funding, and Booking, the Cyence solution has everything needed to streamline financial transactions and achieve operational excellence. For more information,
visit
www.cyence.com.
About
DocuSign Inc.
DocuSign
Inc. was founded in 2003 with the fundamental goal of enabling any
document to be sent for electronic signature as easily as it could
be printed. During 2003, DocuSign acquired the assets of
DocuTouch, a pioneer in electronic signature technology since 1998
that had already invested more than $10 million in development of
the internal processes used to secure, encrypt, and distribute electronic
documents. DocuSign has leveraged these technology assets
and associated patents into a unique, user-friendly, web-based service
that simplifies and speeds up the process of sending, signing, and
storing legal documents. For
more information on the DocuSign Express™ service, visit the DocuSign
web site at www.docusign.com.
###
Press Release ##########################
Lessors Can Now Offer Online Invoicing Services with
Integrated
Solutions from IDS and Avolent
Equipment
finance companies using IDS lease/loan accounting solutions can now
reduce administrative costs with online invoice distribution, reconciliation,
and payment.
SAN
FRANCISCO, / -- Avolent, Inc., the leading provider of Financial Relationship
Management (FRM) software, has announced the ability to integrate
its BizCast solution with lease/loan solutions from International
Decision Systems, Inc. (IDS), the global leader in comprehensive software
and services for the equipment finance industry.
Seamless integration with Avolent's BizCast enables IDS clients
using InfoLease or ProFinia to increase online customer self-service
functionality without making any changes to their existing systems.
As
competition continues to increase in the leasing environment, lessors
are demanding new ways to improve service to their customers and differentiate
their offerings from those of lower-cost providers. When integrated with BizCast, IDS solutions enable lessees to view,
pay, and manage invoices through a secure online portal. Sophisticated
reports from BizCast provide advanced analytics, including insight
into which assets are coming off lease, upcoming payments, and which
accounts are past due. Lessors
who provide this level of control to lessees will greatly improve
customer satisfaction and lower the overall costs of managing customer
relationships.
"We
are always looking for new and innovative ways to help our clients
build complete solutions," said Gary Rose, Product Marketing
Manager at IDS. "With Avolent's BizCast, we help companies using
ProFinia and InfoLease by allowing greater automation and enabling
better efficiencies. Simplifying the leasing process for lessees
is crucial to their success. We
are excited about partnering with Avolent because it helps our clients
compete more effectively."
Using
web applications provides flexibility to the leasing process. BizCast
allows dynamic grouping and consolidation of charges by asset or sub-
account, tools to easily design custom invoicing templates for private
labeling and the most demanding customers, and the ability to initiate
and resolve disputes and adjustments associated with individual assets
or line items. This level of detail and flexibility is a first
in the industry. The ability to integrate BizCast seamlessly with
InfoLease and ProFinia allows IDS clients to introduce this advanced
level of self-service quickly and cost effectively.
"We
are thrilled to be working with IDS to provide self-service capabilities
across the entire lease lifecycle," states Scott Dunlap, VP of
Marketing at Avolent. "Lessors
can now differentiate themselves through exceptional customer service
while also reducing their costs of operations."
About
International Decision Systems
International
Decision Systems (IDS) is the global leader in developing lease/loan
accounting and portfolio management systems and services. Headquartered
in Minneapolis, Minnesota, IDS has offices in London, Sydney, and
Singapore. The company offers the largest and most experienced global
consulting, implementation, and technical support teams in the leasing
industry. For additional information about IDS, visit www.idsgrp.com
About
Avolent
Avolent is the leading provider of enterprise application software for Financial Relationship Management (FRM) to simplify and enhance the financial interactions between customers, employees, and partners. Avolent's award- winning FRM solutions encompass electronic invoice presentment and payment (EIPP), online account management and customer self-service, process management and workflow, enterprise employee access, and decision support. Founded in 1995, Avolent's customers and partners include some of the largest financial, manufacturing, distribution and healthcare insurance companies in the world.
For more information call
800-553-5505 or visit
###
Press Release ########################
CVB
Financial Corp. and Granite State Bank Jointly Announce Merger
( Golden West Financial Services )
ONTARIO, Calif.----D. Linn Wiley, president and chief executive officer of CVB Financial Corp. (NASDAQ:CVBF) and its principal subsidiary, Citizens Business Bank, and William B. Waddell, president and chief executive officer of Granite State Bank, jointly announced today that the two financial institutions have executed a definitive merger agreement. This agreement provides for Granite State
Bank to merge with and into Citizens Business Bank. Citizens Business Bank will represent the
continuing
operation.
The definitive agreement provides that Citizens
Business Bank will acquire Granite State for an aggregate purchase
price of $19 per share, or approximately $27 million including costs
associated with the cancellation of stock options. The total purchase
price will be paid half in CVB Common Stock and half in cash in a
cash/stock election merger. The transaction will be handled under
purchase accounting. The transaction is subject to shareholder and
regulatory approval and other customary conditions. It is expected
to be completed during the first quarter of 2005.
"We are delighted to have this opportunity
to associate with Granite State Bank, and to expand our presence in
the San Gabriel Valley. The Bank is a good complement to our existing
franchise and our business and professional banking strategy,"
stated Wiley.
"Our board of directors believes that this
merger is in the best interests of our shareholders, employees and
customers. We are pleased to join with Citizens Business Bank. They
are a premier performing bank with an exceptional record of serving
their customers. Citizens Business Bank will be an outstanding addition
to our business community," commented Waddell.
Granite State Bank was established in 1984.
The bank has headquarters in Monrovia and has an office in South Pasadena.
The bank had total assets of $112.7 million, total deposits of $101.9
million and total loans of $63.9 million as of Sept. 30, 2004.
CVB Financial Corp. is the holding company for
Citizens Business Bank. The bank is the largest financial institution
with headquarters in the Inland Empire region of Southern California.
It serves 30 cities with 37 business financial centers in the Inland
Empire, Los Angeles County, Orange County and the Central Valley areas
of California. Its subsidiary, Golden West Financial Services, provides
vehicle leasing, equipment leasing and real estate loan services.
Citizens Business Bank is one of the largest
community banks in Southern California. They specialize in providing
the full scope of financial services to business and professional
clientele. CVB Financial Corp. is traded on the NASDAQ under the ticker
symbol of CVBF.
CVB
Financial Corp., Ontario D. Linn Wiley, 909-980-4030 or Granite State
Bank, Monrovia William B. Waddell, 626-303-4661
####
Press Release ##########################
Changing
of the Guard at Bank of the West
HONOLULU
and SAN FRANCISCO, -- The Board of Directors of BancWest Corporation
has formalized a series of executive and board changes in preparation
for the upcoming retirement of Walter A. Dods, Jr. as Chief Executive
Officer of BancWest Corporation and its First Hawaiian Bank subsidiary.
BancWest
directors made the following appointments, effective January 1, 2005:
* Don J. McGrath, 56, will become President and
Chief Executive Officer of
BancWest. McGrath will also
become Chairman of the BancWest board's
Executive Committee. He will
also remain President and Chief Executive
Officer of Bank of the West, a BancWest subsidiary, a position he has held since 1996.
* Frank Bonetto and Donald G. Horner will become
directors of BancWest.Bonetto is Vice Chairman, Regional Banking Group
at Bank of the West.
Horner
is President and Chief Operating Officer of First Hawaiian Bank
and
will succeed Dods as Chief Executive Officer of First Hawaiian on
* It was announced in April that Dods, 63, will
retire as Chief
Executive
Officer of BancWest and First Hawaiian on December 31,
ending
a 36-year banking career. The
board today formally appointed
him
as non-executive Chairman of BancWest, effective January 1.
McGrath,
a native of Springfield, Illinois, received a B.S. in Marketing from
the University of Illinois in 1970 and an M.B.A., with honors, in
Finance from Boston University in 1973.
After experience with Illinois National Bank in marketing and
investment positions, McGrath joined the Bank of the West organization
in 1975.
He
was named Vice President and Treasurer of Bank of the West in 1980,
and then served in various positions including Chief Financial Officer
before being named as a Director and Senior Executive Vice President
& Chief Operating Officer in 1988.
He was elected President of the bank in 1991, and became Chief
Executive Officer in 1996.
On
behalf of Bank of the west, he negotiated the 1998 merger with First
Hawaiian Bank that created BancWest Corporation.
He has been President of BancWest since 1998.
Bonetto,
54, joined Bank of the West in 1992 as head of the bank's retail branch
network. He was previously
a senior executive with Citibank and with American Savings Bank. He was named Vice Chairman in 2002 of the bank's
Regional Banking Group, which includes the retail branch system and
business banking offices.
Horner, 54, is a 26-year employee at First Hawaiian Bank who has been the bank's President and Chief Operating Officer since 2003. He previously served as President of its First Hawaiian Leasing and First Hawaiian Creditcorp subsidiaries and, from 1994-2003, was Vice Chairman and head of the Retail
Banking
Group.
About
BancWest: BancWest Corporation (www.bancwestcorp.com) is a financial
holding company with assets of $41.4 billion.
It is a wholly owned subsidiary of Paris-based BNP Paribas. BancWest is headquartered in Honolulu, Hawaii,
with an administrative headquarters in San Francisco, California. Its principal subsidiaries are Bank of the
West (297 branches in California, Oregon, New Mexico, Nevada, Washington
state and Idaho) and First Hawaiian Bank (61 branches in Hawaii, Guam
and Saipan).
###
Press Release #########################
ALI
IS THE PREFERRED CHOICE FOR DEALS AND DOCUMENTATION.
BRECKSVILLE,
OH – Preferred Capital (Preferred) has decreased the time it takes
to fund leasing transactions by employing the American Lease Insurance
(ALI) program. Jeff Eakin, senior vice president and chief credit
officer remembers, “Before we had ALI, we were managing our own
insurance follow-ups – which added a lot of tension to the process.
Our business is vendor-driven, and the vendor, of course, wants to
make the sale. The customer wants the equipment. And we will not fund
without an insurance certificate. We are sticklers for documentation.
Insurance was the single biggest issue for us. Ultimately, of course,
the deal would happen – but it might take a couple of weeks, and a
whole lot of effort on our part. Since ALI coverage is effective at
funding of each lease, we have eliminated all delays in booking due
to missing insurance documentation.”
Eakin
selected the ALI program after talking to ALI clients who testified
that the program worked as smoothly as promised. Rapid start-up was
a factor, adds Eakin. “Bringing discipline to the insurance process
was critical to an important relationship of ours. We needed to know
we’d be up and running fast. And we were.”
The
ALI program is fully automated, and integrated with all major lease
accounting software systems. The program provides comprehensive property
and liability coverage on eligible leases for equipment valued up
to $250,000 from the day they are signed. Lessees may choose to arrange
their own insurance: the ALI program tracks alternate coverage to
ensure that adequate coverage is maintained. Superior coverage, competitive
pricing and meticulous follow-up have resulted in the highest acceptance
rates in the industry.
Amy
Beitzel is Preferred’s legal documentation specialist, and regularly
utilizes ALI’s software interface when working with customers. “The
software is very user-friendly,” she notes, “and allows me to see
just what’s going on with each account, right down to contact notes
from conversations with an ALI customer service representative. If
our customer calls with questions, I can tell that customer exactly
what’s going on. It means a better experience for the customer, and
it saves me a tremendous amount of time, because I don’t even have
to call ALI for the information.”
American
Lease Insurance was founded in 2000 by Steve Dinkelaker, a licensed
insurance agent and broker who created, implemented, and managed lease
insurance programs for almost all of the major small-ticket leasing
companies. ALI, headquartered in Sunderland, Massachusetts, 45 minutes
north of Hartford, Connecticut, is a member of the Equipment Leasing
Association, the Eastern Association of Equipment Lessors, the United
Association of Equipment Leasing, and the National Association of
Equipment Leasing Brokers. ALI is the corporate sponsor of the Equipment
Leasing and Financing Foundation’s annual Industry Future Council.
###
Press Release #######################
-----------------------------------------------------------------
News
Briefs---
Mortgage
rates continue to fall
http://www.usatoday.com/money/perfi/housing/
2004-10-21-mortgage-rates_x.htm
CIT
Announces Diluted EPS of $0.86 for the Quarter, Up 25% From Last Year
http://www.prnewswire.com/cgi-bin/micro_stories.pl?ACCT=683178&TICK
=CIT&STORY=/www/story/10-21-2004/0002290768&EDATE=Oct+21,+2004
Caterpillar
Third-Quarter Profit Up 124 Percent
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=
/www/story/10-21-2004/0002291059&EDATE=
Microsoft:
1Q Earnings Up 11 Percent
http://www.washingtonpost.com/wp-dyn/articles/A52796-2004Oct21.html
The
software vendor records a record profit as its server and desktop
business remain the company's chief bread and butter.
http://www.internetnews.com/bus-news/
At
Google, Earnings Soar, and Share Price Follows
http://www.nytimes.com/2004/10/22/technology/22google.html?oref=login
Google
More Than Doubles Profits
http://www.clickz.com/news/article.php/3425251
Amazon's
Profit Jumps, But It Eases Outlook
http://www.internetnews.com/bus-news/article.php/3425241
12
stranded hikers found safe
SIERRA
SURVIVAL: 3 groups hunkered down, awaited help
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/
Martha
Stewart creating microwave recipes in prison
http://www.ajc.com/business/content/business/1004/21stewart.html
--------------------------------------------------------------------------------
Sports
Briefs---
BRING ON THE RED SOX!
http://www.stltoday.com/stltoday/sports/stories.nsf/gordoszone/
story/6597B27146DC7E0786256F3500104B60?OpenDocument&
Headline=BRING+ON+THE+RED+SOX!
Cards
reach Series for first time since 1987
http://www.ajc.com/sports/content/sports/1004/22nlcs.html
It's
about time! Go crazy, Cardinal Nation
http://www.stltoday.com/stltoday/sports/columnists.nsf/jeffgordon/
story/2BB182EEC61B251386256F3500146971?OpenDocument&
Headline=It's+about+time!+Go+crazy,+Cardinal+Nation
Where were you last night?
http://boards.boston.com/n/pfx/forum.aspx?webtag=
bc-redsox&nav=messages&tid=474&tsn=1
Lewis
Fires 62 to Lead Funai Classic
http://www.nytimes.com/aponline/sports/AP-GLF-Funai-Classic.html
Former
Dolphins' running back disagreed with league over drug test, wants
to return
http://www.usatoday.com/sports/football/nfl/dolphins/
“Gimme
that Wine”
Aussies
fancy rich bouquet of U.S. wine market
http://www.usatoday.com/money/industries/food/
Robert
Parker pops the corks on a dozen
100-point
wines
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/
California
Cult Wine Classic October 29, San Francisco Ritz Carlton
http://www.cultwineclassic.com/
Trying
to put a price on Mondavi key winery assets
http://www.napanews.com/templates/index.cfm?template=
story_full&id=6E2F84D3-30D1-4021-A84D-A38DF68430CF
Rain
drenches Lompoc, California Wine
http://www.lompocrecord.com/articles/2004/10/20/news/news07.txt
Winery
Index: Massachusetts
http://wine.about.com/library/wineries/bl_ma.htm
Medieval
man
Sean
Thackrey uses tips from ancient texts to craft unforgettable wines
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/
This
Day in American History
1721-
Unofficial Birthday of Peyton Randolph, first president of the Continental
Congress, died 1775, October 22.
http://www.history.org/Almanack/people/bios/biorapey.htm
1812 -- American Mountain man Grizzly Adams born Medway, Massachusetts.
http://www.amazon.com/exec/obidos/ASIN/068816370X/
1836- Sam Houston inaugurated as
first elected president of Republic of Texas
http://www.tsha.utexas.edu/handbook/online/articles/view/HH/fho73.html
1844 -The "Great Disappointment" began when this
latest date, set for the return of Christ by religious leader William
Miller, passed without event. Over 100,000 disillusioned followers returned
to their former churches, or abandoned the Christian faith altogether.
http://www.museumofhoaxes.com/disappointment.html
http://www.pbs.org/wgbh/pages/frontline/shows/apocalypse/
http://www.gospelcom.net/chi/DAILYF/2001/10/daily-10-22-2001.shtml
1875- Sons of the American Revolution organized.
1883-The
Metropolitan Opera House opened in New York City with Charles Francois
Gounod’s “Faust,” sung in Italian. Anjugusto
Vianesi was the conductor. Faust
was sung by Italo Campanini, Mephistopheles by Franco Novara, Valentin
by Giuseppe Del Pente, Wagner by Ludovico Contini, Siebel by sofia Scalchi,
Marthe by Louise Lablache, and Marguerite by Christine Nilsson. Admission
was priced at $6 for the orchestra stalls, $3 for the balcony, and 42
for the family circle.
http://memory.loc.gov/ammem/today/oct22.html
1898-Birthday of composer-pianist Ralph Yaw, Enosburg Valls, VT, arranged 40 originals for
Stan Kenton.
1903-Birthday
of George Beadle, born on a farm near Wahoo, NE, Beadle began his professional
career as a professor of genetics at Harvard, eventually becoming president
of the University of Chicago. Dr. Beadle won many international prizes,
including the Nobel Prize for Medicine in 1958 for his work in genetic
research, as well as the National Award of the American Cancer Society
in 1959 and the Kimber Genetica Award of the National Academy of Science
in 1960. Beadle demonstrated how the genes control the basic chemistry
of the living cell. Because of his work, he has been termed “the man
who did most to put modern genetics on its chemical basis.” Beadle died
June 9,1989, at Pomona, CA.
1906-
Race riot for four days in Atlanta, Georgia, ten blacks and two whites
were
killed. Historians state racism prevailed until Rosa Parks and Dr. Martin
Luther King, Jr. in the late 1950’s (that is another story ).Lynchings
of Americans was common, in the 20th century from seventy-five
to one hundred per year, and it appears until the late 1920’s, when
it became less than 25 known lynchings per year. In 1922, an anti-lynching
bill was filibustered in the US Senate.
http://www.wpba.org/jimcrow/01/crow.html
http://www.wpba.org/jimcrow/index.html
http://memory.loc.gov/ammem/aap/timelin3.html
1906
-- 3,000 blacks demonstrate and riot in Philadelphia to protest a theatrical
presentation of Thomas Dixon's "The Clansman". D.W. Griffith
“The Birth
of the Nation” is
an adaptation of this novel turned into a play.
http://www.emedialive.com/Articles/ReadArticle.aspx?CategoryID=
1913
-- Action/war photographer Robert Capa ( real name Andre Friedmann)
born Budapest, Austro-Hungary. Instrumental in forming photographer-
owned outfit (Magnum) to aid photographers and distribute their work
cooperatively. Capa took some of the most famous war photos ever, including
anarchists and Republicans during the Spanish Revolution of 1936. Shortly
after taking this photograph, Capa, who had taken numerous famous photos
of D-Day in World War II, stepped on a land mine and was killed in Vietnam,
May 24, 1954.
http://digitaljournalist.org/issue9711/req_images/Req02.jpg
http://www.photo-seminars.com/Fame/capa.htm
http://www.icp.org/chim/bio/caparobe.html
http://www.pbs.org/wnet/americanmasters/database/capa_r.html
1918
-- Flu epidemic strikes one fourth of all Americans, killing 200,000
in the month of October alone, killing 675,000 in the United States
alone.
http://www.ninthday.com/spanish_flu.htm
http://www.stanford.edu/group/virus/uda/
http://www.pbs.org/wgbh/amex/influenza/
1922-The
passage of the anti-protectionist Underwood-Simmons Act took a bite
out of the nation's pocketbook. To compensate for the lost income, Congress
passed the Revenue Act on, mandating the first tax on incomes over $3,000.
1928
-- President Herbert Hoover speaks of "American system of rugged
individualism". "We in American today are nearer to the final
triumph over poverty than ever before in the history of any land. The
poorhouse is vanishing from among us. We have yet reached the goal,
but, given a chance to go forward with the policies of the last eight
years, we shall soon with the help of God be in sight of the day when
poverty will be banished from this nation." In November he would
be elected in a Republican landslide with 444 electoral votes to Alfred
E. Smith 87: 21,392,190 votes to 15,016,433 for Smith.
In congressional elections the Republicans increased their majorities
in both houses, leading in the Senate 56-39 with one seat going to a
minor party, and controlling the House 267-167, with one seat held by
a minor party.
1928-Birthday
of 1928 Composer/pianist Clare
Fisher Birthday
1934-Charles
"Pretty Boy" Floyd is shot by FBI agents in a cornfield in
East Liverpool, Ohio. Famed agent Melvin Purvis asked the dying man,
"Are you Pretty Boy Floyd?" to which he replied, "I am
Charles Arthur Floyd. You got me this time." Floyd, who had been
a hotly pursued fugitive for four years, used his last breath to deny
his involvement in the infamous Kansas City Massacre, in which four
officers were shot to death at a train station. He died shortly thereafter.
http://www.geocities.com/CapitolHill/Lobby/3935/
“Come gather 'round
me children, a story I will tell
Of Pretty Boy Floyd, an outlaw, Oklahoma knew him well
Was in the town of Shawnee on a Saturday afternoon
His wife beside him in the wagon as into town they rode
A deputy sheriff approached them in a manner rather rude
Using vulgar words of language and his wife she overheard
Well, Pretty Boy grabbed a long chain, and the deputy grabbed a gun
and in the fight that followed, he laid that deputy down
Then he took to the trees and rivers to lead a life of shame
Every crime in Oklahoma was added to his name
Yes he took to the trees and timbers on the Canadian river shore
and the outlaw found a welcome at many a farmer's door
Yes, there's many a starving farmer, the same story told
How the outlaw paid their mortgage and saved their little home
Others tell about a stranger who came to beg a meal
and underneath the napkin left a thousand dollar bill
It was in Oklahoma City, it was on a Christmas day
Came a whole carload of groceries and a letter that did say
Well, you say that I'm an outlaw, and you say that I'm a thief
Here's a Christmas dinner for the families on relief
Well, as through the world I've rambled, I've seen lots of funny men
Some rob you with a six gun, some with a fountain pen
As through this world you ramble, as through this world you roam
You'll never see an outlaw drive a family from it's home
— Woody Guthrie
1936-First
commercial flight from mainland to Hawaii. United Air Lines
that
also won the mail contract. It was over a fifteen
hour trip from
the mainland.
In 1941, Hawaiian Airlines, now Aloha
Airlines,
started a regular service to the mainland from Oakland, California.
1946,
Aloha Airlines started regular travel.
In the early 1950’s, it was
down to a twelve hour flight.
http://www.maui-activities.com/historyhawaiiairtravel.htm
1937-
Benny Goodman records “Pop Corn Man,” (V ). A real rarity. Only 10 original 78’s remain
after a mysterious “recall”
1938-
Chester Floyd Carlson, a research physicist from New York City, made
the first electro photographic image on wax paper pressed against an
electrostatically charged, sulfur-coat zinc plate dusted with fine dark
powder. He went on to develop
Xerography, the process of making dry paper copies based on the principles
of photoconductivity and electrostatics.
He patented it on October 6,1942, calling it xerography. He failed to interest companies in producing
copy machines until 1947, when the Haloid Company of Rochester, New
York, licensed the process. The company, which later changed its name
to Xerox, introduced its first copy machine in 1958.
1946-Top
Hits
Five Minutes More - Tex Beneke
To Each His Own - Eddy Howard
South America, Take It Away - Bing Crosby and The Andrews Sisters
Divorce Me C.O.D. - Merle Travis
1950-Charles
Cooper becomes one of the first Blacks to play in an NBA game
( for the Boston
Celtics).
1952-
The complete Jewish Torah was published in English for the first time.
A collection of oral and written commentary (dating 200 BC to AD 500)
on the first five books of the Old Testament, the Torah comprises the
basic religious code of Judaism
1954—Top Hits
Hey There - Rosemary Clooney
I Need You Now - Eddie Fisher
If I Give My Heart to You - Doris Day
I Don’t Hurt Anymore - Hank Snow
1955-The first post office manned by Blacks
opens in Atlanta, GA.
1959-
Under intense public pressure and the Massachusetts Committee Against
Discrimination investigation, the Red Sox become the last club to integrate.
Fourteen years after the club passes on Jackie Robinson despite a successful
tryout in 1945, Elijah 'Pumpsie' Green pinch runs and plays shortstop
to become the first black to play for the Red Sox.
1961-The
Supremes become the first all-female group to score a No. 1 album, with
Supremes a Go-Go. Members Diana Ross, Mary Wilson, and Florence
Ballard met as teenagers in the housing projects of Detroit. When several
male friends, including future Temptations members Eddie Kendricks and
Paul Williams, formed a singing group called the Primes, the girls dubbed
their own group the Primettes. The Primettes signed with Motown records
in 1961. The label immediately changed the group's name to the Supremes.
After several years of releasing flops, the Supremes scored their first
hit in 1964 with "Where Did Our Love Go," which sold two million
copies. They followed up with numerous other hits, including "Stop!
In the Name of Love!" and "Back in My Arms Again." Their
growing popularity corresponded with the rise of the civil rights movement,
and the group came to symbolize strong, independent black women. They
appeared regularly on major national TV shows such as The Ed Sullivan
Show and The Tonight Show.
1961-
Defensive back Erich Barnes of the New York Giants tied an NFL record
by returning an intercepted pass 102 yards for a touchdown in the Giants’
17-16 loss to the Dallas Cowboys.
1962 -Pacific Science Center opens at Seattle Center
1962-President
John F. Kennedy, in a nationwide television address Oct 22, 1962, demanded
the removal from Cuba of Soviet missiles, launch equipment and bombers,
and imposed a naval “quarantine” to prevent further weaponry from reaching
Cuba. Kennedy charged the Soviet Union with subterfuge and
outright deception in what he referred to as a "clandestine, reckless,
and provocative threat to world peace." He dismissed Soviet Foreign
Minister Andrei Gromyko's claim that the weapons in Cuba were of a purely
defensive nature as "false." Harking back to efforts to contain
German, Italian, and Japanese aggression in the 1930s, Kennedy argued
that war-like behavior, "if allowed to grow unchecked and unchallenged,
ultimately leads to war." The president outlined a plan of action
that called for a naval blockade to enforce a "strict quarantine
on all offensive military equipment under shipment to Cuba." He
also issued a warning to the Soviets that the United States would retaliate
against them if there was a nuclear attack from Cuba, and placed the
U.S. military in the Western Hemisphere on a heightened state of alert.
1962—Top
Hits
Monster Mash - Bobby “Boris” Picket
Do You Love Me - The Contours
He’s a Rebel - The Crystals
Mama Sang a Song - Bill Anderson
1965
- The temperature soared to 104 degrees at San Diego, CA. Southern California
was in the midst of a late October heat wave that year. Los Angeles
had ten consecutive days with afternoon highs reaching 100 degrees.
1966-The Beach Boys release "Good Vibrations" on Capitol. The song, featuring inspired use of the
sci-fi movie sound-effects instrument the theremin, is the most expensive production for a single
up to this time."
1969-Led
Zeppelin II is released.
1970—Top Hits
I’ll Be There - The Jackson 5
Green-Eyed Lady - Sugarloaf
All Right Now - Free
Sunday Morning Coming Down - Johnny Cash
1963-225,000 boycott Chicago schools to protest
segregation
1971
- Folk singer Joan Baez received a gold record for her hit, "The
Night They Drove Old Dixie Down". It turned out to be her biggest
hit, peaking at #3 on the charts (October 2, 1971).
1972--
The A's win their first championship in 42 years as they defeat the
Reds 3-2 in Game 7 of the Fall Classic. World Series MVP Gene Tenace,
who had only hit five home runs in the regular season, connects for
four round trippers in the seven games against Cincinnati.
1974
Two very well-known outfielders are traded for one another as the Giants
send Bobby Bonds to the Yankees for Bobby Murcer. Considered to be the
biggest one-for one trade in baseball history, the swap of the next
'Willie Mays' (Bonds) for the next 'Mickey Mantle (Murcer) marks the
first time two $600,000 players have been exchanged.
1975-The
World Football League, a 10-team enterprise, struggling through its
second season, suspended operations and disbanded prior to the 12th
week of a 20-week schedule.
1975
- Cincinnati Reds manager Sparky Anderson said, “We were the best team
in baseball, but not by much.” The World Series featured five one-run
victories, two in extra innings and three on game-ending hits. In six
of the seven victories, the winner trailed; four times the winning run
came in the final inning. And 13 times, the score was either tied or
the lead reversed. And in the seventh, played this day, a ninth-inning
RBI single by Joe Morgan gave the Reds a 4-3 victory over the Boston
Red Sox and the title. It was the first title for the Reds in 35 years.
1978---Top
Hits
Kiss You All Over - Exile
Hot Child in the City - Nick Gilder
Reminiscing - Little River Band
Tear Time - Dave and Sugar
1985
- A guest on the top floor of a hotel in Seattle, WA, was seriously
injured while talking on the phone when lightning struck. Several persons
are killed each year when the electrical charge from a lightning bolt
travels via telephone wiring.
1986
- U.S. President Ronald Reagan signed the Tax Reform Act of 1986 on
this day, but wrote his last name first. The signing, however, remains
legal.
1986
-- Jane Dornnacker WNBC-AM NYC helicopter traffic reporter dies doing
a live traffic report as her copter crashes.
1986—Top
Hits
When I Think of You - Janet Jackson
Typical Male - Tina Turner
True Colors - Cyndi Lauper
Just Another Love - Tanya Tucker 1987 - Yakutat, AK, surpassed their
previous all-time yearly precipitation total of 190 inches. Monthly
records were set in June with 17 inches, in September with 70 inches,
and in October with more than 40 inches. (Sandra and TI Richard Sanders
- 1987) Twenty-two cities in the eastern U.S., most of them in the southeast
states, reported record low temperatures for the date. Morning lows
of 30 degrees at Athens GA, 28 degrees at Birmingham AL, and 23 degrees
at Pinson AL, were the coldest of record for so early in the season.
(The National Weather Summary) Showers produced heavy rain in southern
California, with amounts ranging up to five inches at Blue Jay. Flash
flooding resulted in two deaths, ten injuries, and more than a million
dollars damage.
1988
- Phil Collins’ remake of the Mindbenders’ "Groovy Kind of Love"
was the number one U.S. single. It was parked at the peak of the pops
for two weeks.
1988
- A "nor'easter" swept across the coast of New England. Winds
gusted to 75 mph, and large waves and high tides caused extensive shoreline
flooding. A heavy wet snow blanketed much of eastern New York State,
with a foot of snow reported in Lewis County
1991-
General Motors announces nine month loss of $2.2 billion. This
was big news then, but nothing compared to the staggering losses of Enron, Worldcom, and others
in 2002.
1992-Members
of Boyz II Men receive awards for having the longest running #1 song
of the rock era. "End Of the Road" broke Elvis' record of
11 weeks, previously held by "Don't Be Cruel/Hound Dog".
Top
Hits---1993
Dreamlover- Mariah
Carey
Just Kickin It- Xscape
I d Do Anything For
Love (But I Won t Do That)- Meat Loaf
All That She Wants-
Ace Of Base
1996-Microsoft
launched Expedia, an online travel service, on this day in 1996. The
service allowed travelers to find the lowest listed airfares and make
plane and hotel reservations. The company hoped to take advantage of
the estimated $3 billion in online ticket sales expected to be spent
yearly by 1999.
2000
-In Game 2, the Yankees extend their World Series winning streak to
14 consecutive games defeating the Mets, 6-5 in a game which is overshadowed
by Roger Clemens throwing the barrel of a shattered bat Mike Piazza
as the Met catcher runs to first. The eagerly awaited at bat, due to
the Rocket's beaning of the Mets' superstar in July, results in the
two players confronting one another and the emptying of both benches.
2002-
Giant P.A. announcer Rene Brooks-Moon become the first woman to announce
a World Series. Her scorecard from Game 4 is being sent the Hall of
Fame.
2002—
Top Hits
Dilemma- Nelly Featuring
Kelly Rowland
Gangsta Lovin'- Eve
Featuring Alicia Keys
Ruff Ryders | ALBUM
CUT | Interscope
A Moment Like This-
Kelly Clarkson
Hey Ma- Cam'ron Featuring
Juelz Santana, Freekey Zekey and Toya
World Series Champions
This Date
1972 Oakland Athletics
1975
Cincinnati Reds
Baseball
Poem
THIS IS THE
DAY
by Tim Peeler
When every relationship and previously
Understood concept feels tenuous.
Albeit the gravity grows weak
And the voices that rise
Are not the sanguine few
You remember as wise, the coaches
That actually "knew"
something
Beyond the roar of their
anger-
Now your days on the field
Are gone or have slipped
Into the churn and become
Sweet buttered memories,
Not the indecisive hell
Of rounding second not knowing
Where the ball was and the
Third base coach hollering
At a player on the bench
While they trapped you in
A rundown.
You recall
The running outfield catches
Of a sunny childhood, not the
Dark liner lost in the lights till
It roared toward you
Like a car with one headlight.
Memory is the shaky tightrope
You wrap your dreams around;
And faith in the past, the balance
To get you through this day.
From
“Waiting for Godot’s First Pitch.”
with permission of the author
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