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Monday, October 20, 2008

Musician, singer, songwriter Thomas Earl "Tom" Petty born October 20, 1950, Gainesville , Florida ; Lead singer of "Tom Petty and the Heartbreakers;" hits include "Breakdown," "Don't Do Me Like That" and "Refugee


    Classified Ads---Sales
        Kit Menkin heard on the Grapevine
            Mortgage rates skyrocket
Housing recovery late 2010 or 2011
    Cartoon---Up to you, Miller
        Top Stories---October 13-October 17
    Highline secures $20 MM in Bank Lines
Leasing 102 by Mr. Terry Winders, CLP
“Method of Payment"
    Comerica Reports 3rd Quarter Earnings
        CVB Financial Reports 3rd Q Earnings
Deficit Rises, Consensus Is to Let It Grow
    Leasing Vendors Finance Tightens
        Several Georgia banks in jeopardy
Dutch govt. injects 10 bb euros into ING
    UPS to raising rates by 5.9 %
        News Briefs---
You May have Missed---
Rethinking Legal Fees for Lean Times
    Sports Briefs---
        Today's Top Event in History
            This Day in American History
Baseball Poem
        Daily Puzzle
    Weather , USA or specific area
        Traffic Live----

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



“My Reaction to the Credit Crisis”
by Gerry Egan,

While the introduction had a typo in the web address in the headline, the signature at the end had the correct web address.

Web Trend reports Gerry's article was very well read.

If you missed it, it is available at:



Classified Ads---Sales

Atlanta, GA
If you can use a polished, seasoned, driven leasing professional with 14 years of extremely productive experience, please call me.
Resume Attached.
Saul Sloman
Cherry Hill, NJ
College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or
email at

Cherry Hill, NJ
7+ years equipment leasing and financing. Polished, well spoken, great negotiater,able to manage deal through entire process to approval. Originate, structure, and close!

Chicago, IL
Sales Executive or Senior Manager, with responsibility for leasing capital equipment in support of transactions based on current market values, market potential and economic trends.
Cincinnati, Ohio
8+ years in medical sales. Available for Full-Time work as Business Development Manager.
Copenhagen, Denmark
10 years of experience as VP Europe, Middle East and Africa for a US based Equipment Leasing Company. $500,000 plus w/ excellent connections European shipping lines/ maritime financing.
Click here.

Fresno, CA
Aggressive, competitive self-starter w/successful vendor/direct equipment
leasing and asset-based lending experience seeks return to leasing industry
after successful stint in business banking sales.

Hillsborough, NJ
Sales professional (3 yrs mortgages, 1 year securities) looking to transition my experience/skills into the equipment leasing/financing. Pete Brusyo
(908) 625-7232 or
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker.334-590-5133

Orange County, CA
19+ years of successful marketing to the broker/lessor community representing one funding source owned by several parent companies.

Over 30 years of financing experience, resume posted at, phone 580-351-2531

Pittsburgh , PA
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4177
Stuart, FL area
Years of experience in leasing sales, credit, operations, documentation and syndication. Seeking position with direct middle market lender, equip. mfr or major equip. distributor. email:
15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.

For a full listing of all “job wanted” ads, please go to:

To place a free “job wanted” Leasing News ad:

ELFA Career Center : Job Seekers ( free ):



Kit Menkin heard on the Grapevine

In contacting presidents of leasing companies to obtain a comment about the leasing business today and what they see for the fourth quarter, many did not want to make a prediction. “Off the record” they were “worried,” some “insecure” and I would say quite serious about the government getting into the banking business and the decisions being made recently on the government getting into private business. They were also concerned about rumor that banks and other lenders were turning off leasing lines of credit, in fact, making some exit the leasing business.

Last week there were at least four telephone conversations they their company was not exiting, although emails sent to Leasing News reported otherwise. All leads are checked out, often direct with the president of the company. None that I spoke with were surprised. Several had already heard the same rumors, deciding how to address the rumors. To bring public and deny them would bring more attention. To remain silent was letting the rumors fly.

There have been many companies exiting lease funding, as well as cutting back, letting direct and indirect sales personnel (discounters and broker) go, some for poor portfolio performance, others because they are raising their criteria, also meaning not working with those who do not send them a steady stream of bookable leases.

One day we wrote stories on four, and the latest was on Friday with Textron's announcement that they are downsizing their commercial finance business. Even GE has been affected.

There definitely is fear in the consumer and commercial marketplace.

To deny this is not being realistic. Reaction by many banks and others involved in making “buy decisions” has been more due diligences where the lease is coming from as well backing away from “application only, “ meaning requiring financial statement and tax returns on smaller dollar leases, and backing away from "application only."

At the same time, there has been an increase from those in the "C" and "D" marketplace. One of the best campaigns I have seen comes from Brad Peterson at PredictiFund. He sent me a Federal Express package, that got my immediate attention, with a letter that starts the letter saying, “We want your C and D Paper Flow!" On the right side, circled, "PredictiFund Your Declines." The letter is signed Brad Peterson, DD (Declination Doctor, PredictiFund, Inc. P.S. We want your C and D paper. No credit cards needed! "

What I like best was the notepad included in the form of a doctor's prescription pad, as well as a RX bottle of pills with the instructions on front: "Take 1 Tablet by mouth as needed for leasing declination pain."

This cycle has also been good for those who the industry calls “super brokers.” Having the knowledge of who does what and why and getting the transaction done has become even more important.

Certainly the age of “app. only” is changing as delinquencies and write-offs on this business are definitely up.

Speaking of up, Collections are reportedly that way at Marlin Business Services, as noted by their SEC filing on the change of delinquency percentages, as well as the fact that Exec. VP, Corporate secretary, Attorney George Pelose is out of his office, reportedly using a cubicle in the collection department, making calls. The bad news is the head of Marlin Collections, Mike McGinnely(sp?) has resigned, Leasing News is told.

Allegedly Marlin has a law suit against previous employees, many at Latitude Equipment Leasing, Marlton , NJ , with claims of proprietary information, calling ex-customers and vendors, as well as disclosing inside information to Leasing News!!! They tried that with Direct Capital, and you don't cross Chris Broom for many reasons, including he is more active in protecting his company in court and wins many settlements. (Yes, don't fool around with Broom.) The fact that Gary Kester left a long time ago or Mike Bennie was fired by George Perose and if he is calling past relations that is certainly not illegal.

No one at Latitude will confirm or deny the lawsuit, and as soon as we can locate it in Pacer, we will print it for readers to verify our reporting.)

At the NetSol Conference in Emeryville, I sat at various tables before my talk, most of them were automobile people, captive lessors, and one was from Nissan. I told him I had just written a story that 600

car dealerships were reportedly going to close this year. He said they probably were all Detroit as they have been out of touch for a while. He said his company was gearing up to produce electric cars, as there was no profit in hybrids and Nissan thinks it will be electric cars that will become the most popular.

Look for ELFA to get some new members from the EAEL-UAEL merge.
On January 1st, everyone else let go for Meeting Enterprises, Atlanta , Ga. to take over. Woodley and Alison remain as liaison, everyone else let go, including membership executive Bill Grohe (both he and Woodley took the position only for an interim, but that was a few years ago.) Also the merger is well financial: $300,000 in UAEL positive and $100,000 in EAEL positive. They reported NAFA (National ***** intend to go after small to middle size lessors and professional brokers who find ELFA too expensive and NAELB primarily for beginners (that's what several directors told Leasing News.)

At the end of Shawn Halladay's great report on the Equipment Leasing and Finance Association Conference in New Orleans , he ended with "Ride, Sally, Ride." I thought our best writer was making a comment about the economy:

"Ride, sally, ride
Its not your time or way of confusion
Ride, sally, ride
cause if you don't, you'll get a contusion."

He emailed back: "Sorry, Kit, not that song. The band did Mustang Sally as one of their last songs, and ELFA's Sally Maloney, who planned the conference, got up on stage and danced with the singer. People loved it.”

Wilson Pickett made this song popular in 1965.

(You can hear it here, takes a few seconds to load or view the lyrics below:

Mustang Sally, think you better slow your mustang down.
Mustang Sally, think you better slow your mustang down.
You been running all over the town now.
Oh! I guess I'll have to put your flat feet on the ground.

All you want to do is ride around Sally, ride, Sally, ride.
All you want to do is ride around Sally, ride, Sally, ride.
All you want to do is ride around Sally, ride, Sally, ride.

One of these early mornings, oh, you gonna be wiping your weeping eyes.
I bought you a brand new mustang 'bout nineteen sixty five
Now you come around signifying a woman, you don't wanna let me ride.
Mustang Sally, think you better slow your mustang down.
You been running all over the town now.
Oh! I guess I'll have to put your flat feet on the ground.

All you want to do is ride around Sally, ride, Sally, ride.
All you want to do is ride around Sally, ride, Sally, ride.
All you want to do is ride around Sally, ride, Sally, ride.

(Rock'n”Roll fans will note in all Leasing News “This Day in American History”
we highlight events and songs.)



Mortgage rates skyrocket

By Holden Lewis •

Mortgage rates skyrocketed this week as Wall Street tried to discern the ever-shifting contours of the Great Bailout.

The benchmark 30-year fixed-rate mortgage rose 54 basis points to 6.74 percent, according to the national survey of large lenders. A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.42 discount and origination points. One year ago, the mortgage index was 6.16 percent; four weeks ago, it was 6.49 percent.

The benchmark 15-year fixed-rate mortgage rose 45 basis points to 6.4 percent. The benchmark 5/1 adjustable-rate mortgage rose 40 basis points to 6.61 percent.

It was the biggest weekly rise in the index in more than 21 years. In April 1987, the benchmark mortgage rate jumped 86 basis points in one week, from 9.44 percent to 10.3 percent. Between then and now, the biggest one-week increase occurred exactly 10 years ago this week, when the 30-year jumped 44 basis points, to 6.9 percent.



Housing recovery late 2010 or 2011

For over five years Leasing News has been printing analyst Al Schuler's housing reports. He works out of the USDA Forest Service in Princeton , West Virginia . His reports on housing have been way ahead of the rest. Several years ago readers asked why Leasing News

was reporting these. At the time, it was indicated how much the housing market was affecting the economy, as well as the accuracy of Mr. Schuler. In the last year, his superiors have put guidelines on his reporting as his viewpoint has conflicted with administrative statements.

He does communicate personally with views of the industry to those of us who have requested it. The latest:

"...the consensus is that there will be no recovery in housing until late 2010 or perhaps not until 2011.

"The most recent recovery package (i.e., $700 billion) is focused primarily on the credit freeze - that will take time to work - months perhaps as there are no explicit requirements for the banks to start lending again. Most analysts feels that additional measures will be needed to shore up housing - the key is for prices to stabilize. When that happens, lenders will see reason for lending again. Nobody wants to lend when prices are falling.

Now, we have some complicating factors - a recession or near recession in the U.S. and this is precipitating a global slowdown. One positive is oil prices – in the past two months, they have fallen from $145/barrel to $72/barrel today (West Texas Intermediate). That should help on the inflation front although longer term, one has to wonder about escalating government debt and its impact on the dollar and interest rates. Interesting times for sure.

Not a good picture for solid wood product markets, but when housing does eventually rebound, wood product prices will certainly benefit. I guess the key is to try and hang in there because things will eventually get much better.

Here is a 61 page report on the timber industry and its affect on hardwood and forestry throughout the world, summed up in this last powerpoint presentation:

Concluding thoughts

• Globalization factors forcing U.S. to “rethink competitive strategies”as U.S. secondary industry loses market share Future fiber prices to increase

– convergence of markets for fuel, fiber, and other forest products
– structural changes in world log markets as Russia hikes export tariffs
– forest ownership transfers
– Asia 's growing wood deficit

• Center of Economic activity moving to Asia
• Housing crisis impacts hardwood industry

Best strategy for future - Do what you can do better than anyone else!!!!!

Hardwood Report:





Top Stories---October 13-October 17

Here are the top ten stories most “opened” by readers last week:

(1) GE Capital Rumors Confirmed

(2) GE becoming more “conservative”

(3) Business Direct Capital, Carlsbad , California
Bulletin Board Complaint

(4) Balboa Capital says it has secured $100 MM

(5) Bank Beat by Christopher Menkin

(6) Leasing Business is strong for many---

(7) Irwin Financial Up-Date

(8) ELFA President Ken Bentsen on Fox News

(9) Textron Cutting Back Its Finance Arm

(10) Peek calls CIT an “underdog”

Not counted for technical reasons: Extra
Stock Market Biggest Day in 21 Years



Highline secures $20 MM in Bank Lines

### Press Release#####

“Highline Capital Corp. ( Boulder , Colorado ) has recently obtained $20 million of credit lines to be used for funding leases and as a warehouse line for its $75 million securitization, which can be increased to $125 million.

“With $145 million in lines, John Mehalchin, Chairman & founder of Highline noted, ‘Financial Crisis? Not at Highline. We are prepared to provide funding, as we have been doing for over 29 years, as a direct lender, to sound businesses who have difficulty getting financing from banks and other leasing companies' .”

#### Press Release#####

Funder - Update

A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen

In Business Since
Leasing Association
Business Reports
Highline Capital
(subsidiary of Highline Financial Services)
Reg Lindholm
$10,000.00 - Unlimited

(KK) Highline Capital: Equipment Restrictions - Software Only

To view the complete list, please click here.

Leasing News requested the name(s) of the line of credit for funding leases and warehouse use for securitizations, but Mr. Mehalchin stated it was company policy not to reveal their bank lines of credit.

Here is Mr. Mehalchin biography:

Highline Chairman and CEO John Mehalchin has been with Highline Capital Corp. for 29 years.

Included in both "Who's Who in America” and “Who's Who in Finance and Industry”, Mr. Mehalchin was the Chief Financial Officer of Storage Technology Corporation as well as the founder and president of its finance subsidiary from 1974-1979. During that time, he pioneered the establishment of programs that permitted the sale of equipment with operating leases, non-recourse to third parties, in large volumes. The majority of Storage Tech revenue came from these third party sales.

Mr. Mehalchin's background includes financing of manufacturers with lease-base assets and financing of corporations, as well as management consulting and corporate planning. His professional experience includes employment as an officer with Smith, Barney & Co., and as a management consultant with Booz-Allen.

A member of the Financial Executives Institute since 1974, Mr. Mehalchin also serves on business advisory boards for the University of Colorado , a venture capital fund and a retail firm. He received the Mack Easton Award for Excellence in 1998 and was awarded a Doctor of Humane Letters (2002) from the University of Colorado .

He attended the University of Chicago from which he received a scholarship for doctoral studies in Finance. He completed his studies as a fellowship student at the University of California-Berkeley, receiving an MBA. He also received a BS with honors from Temple University .



Leasing 102

by Mr. Terry Winders, CLP

“Method of Payment”

For many years we have as an industry sent invoices to the lessees for payment. Usually the leasing software programs sent the invoice at least twenty days in advance so there would be ample time for the lessee to receive it and return payment. However many past due payments were a result of the invoice not reaching the appropriate person in time resulting in angry phone calls and waived late charges. Some of this was a result of not asking for the proper location or person to direct the invoice.

Some lessor's tried coupon books but soon discovered that it was hard to make a change when sales tax rates change or other assessed taxes or past due late charges needed to be added. So coupon books are not used in the leasing industry.

To avoid legal issues of none receipt of the payment invoice you should have a statement in your lease that addresses this problem. Example “This is a net lease. All rent and other sums payable by Lessee in connection herewith, if any, shall be paid promptly when due without notice or demand of any character.” In addition it should say in raise print to be conspicuous “LESSEE'S OBLIGATION FOR THE PAYMENT OF RENT IS AND SHALL BE ABSOLUTE AND UNCONDITIONAL AND SHALL NOT BE SUBJECT TO ANY REDUCTION, OFFSET, COUNTER-CLAIM, ABATEMENT, SUSPENSION, and DEFERMENT OR DIMINUTION FOR ANY REASON WHATSOEVER”. Now the payment is due regardless of a notice or receipt of the invoice.

Then some lessor's discovered internet invoicing to cut time and postage expense. It provided a log of when the invoice was sent and who received it but with personnel changes and failure to notify changes in email addresses it create just as many problems as it solved.

Currently the most popular billing system is the Electronic Funds Transfer Authorization Agreement for Pre-Arranged Payments (Debits) commonly called (ACH) that automatically takes the payment from the lessee's demand account. Problems still revolve around proper payment due to lack of funds and the need for notice of additional charges for changes in sales taxes and the addition of property taxes. However it seems to be the best system. To encourage its use many lessor's have reduced their payment grace period to “0” days and/or increased their late charges rates.

Regardless of how you bill the lessee it is hard to eliminate personnel for customer service to work out the consistent problems that come from payment receipts. However we are clearly moving to a cashless society and I am looking forward to the day when I can throw my computer into the river and retire but due to the current financial crisis that will not be until I am north of 90!

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666.

He invites your questions and queries.

Previous #102 Columns:

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)


### Press Release ###########################

Comerica Reports Third Quarter 2008 Earnings

Core Operating Earnings Stable

Provision for Credit Losses, Net Charge-Offs Unchanged

Loan Optimization Program Producing Desired Results

DALLAS, -- Comerica Incorporated (NYSE: CMA - News) late Friday reported third quarter 2008 income from continuing operations of $27 million, or $0.18 per diluted share, compared to $56 million, or $0.37 per diluted share, for the second quarter 2008 and $180 million, or $1.17 per diluted share, for the third quarter 2007. Third quarter 2008 included a $174 million provision for credit losses, compared to $177 million for the second quarter 2008 and $45 million for the third quarter 2007.

"In an economic environment that is as challenging and volatile as any we have ever seen, Comerica's core operating earnings remained stable compared to the prior two quarters," said Ralph W. Babb Jr., chairman and chief executive officer. "As expected, net credit-related charge-offs and the provision for loan losses were unchanged.

"In this uncertain environment, we are taking actions to improve our capital ratios and enhance our balance sheet strength, including a previously announced intention to reduce our dividend and the execution of a loan optimization program, which is working and producing the desired results. Maintaining a solid capital position is prudent and provides us the flexibility to navigate these swift economic currents and continue to invest in our growth markets."

Full Press Release:


### Press Release ###########################

CVB Financial Corp. Reports Third Quarter Earnings

Net Income

CVB Financial Corp. reported net income of $17.5 million for the third quarter ending September 30, 2008. This represents an increase of $1.4 million, or 8.31%, when compared with net earnings of $16.1 million for the third quarter of 2007.

Net income for the nine months ending September 30, 2008 was $50.8 million. This represents an increase of $3.6 million, or 7.58%, when compared with net earnings of $47.2 million for the same period of 2007. Diluted earnings per share were $0.61. This was up $0.05, or 9.05%, from diluted earnings per share of $0.56 for the same period last year. The net income for the nine months of 2008 includes a provision of $8.7 million for credit losses. There was no such provision in the first nine months of 2007.

Full Press Release:


### Press Release ###########################

News Briefs----

Deficit Rises, and Consensus Is to Let It Grow

Leasing Vendor Financing Tightens, Hitting Companies, Customers

Several Georgia banks in jeopardy

Dutch govt injects 10 billion euros into ING

UPS to raising rates by 5.9 percent on average

BMW's Mini Plans to Lease 500 Electric Cars in U.S. Next Year



You May have Missed---

Rethinking Legal Fees for Lean Times

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



Sports Briefs----

Rays Beat Boston Game 7 (3-1)

Raiders defeat Jets 16-13 in OT nail-biter

Loss should be Wade Phillips' last with Dallas Cowboys



Today's Top Event in History

1931-Mickey Mantle birthday, Baseball Hall of Famer, born at Spavinaw , OK . Mantle replaced Joe DiMaggio in center field for the New York Yankees and grew to become the most beloved player of his era. His battle with liver cancer raised awareness for organ donation and alcoholism. Inducted into the Hall of Fame in 1974. Died Aug 13, 1995, at Dallas , TX .


This Day in American History

    1803-The Senate ratified the Louisiana Purchase Treaty by a vote of twenty-four to seven. Originally concerned that France would develop this territory, by the time the American delegation reached France, Napoleon was more concerned about England and to both stop England from gaining this territory, and to raise money, had offered $15 million for the property. The delegation accepted it without any authority as too good of an opportunity to turn down. The ratification was more a legal formality.
    1818-A diplomatic convention signed between Britain and the U.S. gave fishing rights to American seamen off parts of Newfoundland and the coast of Labrador. The U.S. renounced such activity within three miles of any other British Territory. The boundary between Canada and the U.S. between Lake of the Woods and the crest of the Rocky Mts. was fixed at the 49 th parallel. No boundary was decided upon farther west, and Oregon was declared open territory for ten years.
    1827- Emily Howland, received an honorary doctorate by the University of the State of New York at age 99 for her services to educating black students which included helping establish or aiding more than 30 institutions of learning in the youth, and schools in New York and Virginia.

    1847- Elizabeth Blackwell's application to medical school is accepted. Though she was refused admittance to 29 medical schools and publicly ridiculed for her attempts, Elizabeth Blackwell persisted. She studied privately for three years before being admitted to the Medical Institute of Geneva, NY, after the director had passed her application on to the students for approval. Thinking it to be a joke, they agreed on October 20, 1847, that "...the application of Elizabeth Blackwell to become a member of our class meets our entire approval." Her arrival at the school was greeted with shock and hostility, however. She was cursed, spat upon, refused lodging at first, and barred from some classroom demonstrations.
    1854-Until 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. Infants placed by the New York Foundling.
    1858-Birthday of James Robert Dewey, American lawyer and legislator, born near Bloomington, IL, Republican member of Congress from Illinois from 1896 until his death, Nov 30, 1922, at Washington, DC. Mann was the author and sponsor of the "White Slave Traffic Act," also known as the "Mann Act," passed by Congress on June 25, 1910. The act prohibited, under heavy penalties, the interstate transportation of women for immoral purposes.
    1859-Birthday of John Dewey, American psychologist, philosopher and educational reformer born at Burlington, VT. His philosophical views of education have been termed pragmatism, instrumentalism and experimentalism. Died at New York, NY, June 1, 1952
    1873 - Showman P.T. Barnum opened the Hippodrome in New York City to accommodate his "Greatest Show on Earth".
    1874 -- Modernist composer Charles Ives lives, Danbury, Ct.
    1898-John Merrick organizes North Carolina Mutual Life Insurance Company. The nations oldest and largest black insurance company.
    1901-Birthday of singer Adelaide Hall, Brooklyn, NY.
    1910 - A cork centered baseball was used in a World Series game for the first time. The Philadelphia Athletics, managed by Connie Mack, and the Chicago Cubs, managed by P.K. Wrigley, were in competition for the championship.
    1913-Trumpter Johnny Best born Shelby, NC. With Glenn Miller 1939-42.
    1920-Trumpter Ray Linn born Chicago, Ill. With Herman, Shaw, Raeburn.
    1923 -- Beat poet Philip Whalen born Portland, Oregon.
    1924-The first Negro World Series is played between the Kansas City Monarchs (Negro National League Champions) and the Hilldale Club (Eastern Colored League Champions).Kansas City wins the series championship 5 games to 4.
    1931-Mickey Mantle birthday, Baseball Hall of Famer, born at Spavinaw, OK. Mantle replaced Joe DiMaggio in center field for the New York Yankees and grew to become the most beloved player of his era. His battle with liver cancer raised awareness for organ donation and alcoholism. Inducted into the Hall of Fame in 1974. Died Aug 13, 1995, at Dallas, TX.
    1932 -- Michael McClure born Marysville, Kansas.
    1934-Birthday of tenor sax player Eddie Harris, Chicago, Il. Died November 8, 1966.
    1944---Top Hits
I'll Walk Alone - Dinah Shore
Is You is or is You Ain't - Bing Crosby & The Andrews Sisters
It Had to Be You - Helen Forrest & Dick Haymes
Smoke on the Water - Red Foley
    1944- more than 100,000 American soldiers land on Leyte Island, in the Philippines, as preparation for the major invasion by Gen. Douglas MacArthur. The ensuing battles of Leyte Island proved among the bloodiest of the war in the Pacific and signaled the beginning of the end for the Japanese. The Japanese had held the Philippines since May 1942, when the awful defeat of American forces led to General MacArthur's departure and General Wainwright's capture. MacArthur was back, as he promised, but his invasion of Luzon required a softening up of the enemy. Thus, the amphibious landing of the American forces at Leyte and the concomitant goal of destroying the Japanese fleet in the gulf was undertaken. All told, the Japanese lost more than 55,000 soldiers during the two months of battle and approximately another 25,000 in mopping up operations in early 1945. The U.S. forces lost about 3,500-compared with the Japanese loss of 80,000 total. The sea battle of Leyte Gulf was the same story. The loss of ships and sailors was horrendous for both sides. The sinking of the American carrier Princeton resulted in the drowning deaths of 500 men. When the Japanese battleship Musashi was destroyed by a massive American aerial attack, more than 1,000 sailors died, including the captain who stood on his bridge and literally went down with his ship. Three days of sea battle saw the destruction of 36 Japanese warships-compared with America's three. It also saw the introduction of the Japanese kamikaze-"divine wind"--suicide bombers. The St. Lo, an American aircraft carrier, was one of the first casualties, when one kamikaze pilot drove his plane straight into its flight deck. More than 5,000 kamikaze pilots died in this gulf battle-taking down 34 ships. But when all was said and done, the Japanese had not been able to prevent the loss of their biggest and best warships, signaling the virtual end of the Japanese Imperial Fleet. The American victory on land and sea opened the door for General MacArthur's invasion and the recapture of the Philippines. The television series “Victory at Seas” captures much of this major battle.
    1944--*WAI, FRANCIS B. Medal of Honor
Captain Francis B. Wai distinguished himself by extraordinary heroism in action, on 20 October 1944, in Leyte , Philippine Islands. Captain Wai landed at Red Beach , Leyte , in the face of accurate, concentrated enemy fire from gun positions advantageously located in a palm grove bounded by submerged rice paddies. Finding the first four waves of American soldiers leaderless, disorganized, and pinned down on the open beach, he immediately assumed command. Issuing clear and concise orders, and disregarding heavy enemy machine gun and rifle fire, he began to move inland through the rice paddies without cover. The men, inspired by his cool demeanor and heroic example, rose from their positions and followed him. During the advance, Captain Wai repeatedly determined the locations of enemy strong points by deliberately exposing himself to draw their fire. In leading an assault upon the last remaining Japanese pillbox in the area, he was killed by its occupants. Captain Wai's courageous, aggressive leadership inspired the men, even after his death, to advance and destroy the enemy. His intrepid and determined efforts were largely responsible for the rapidity with which the initial beachhead was secured. Captain Wai's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit on him, his unit, and the United States Army.
    1952---Top Hits
You Belong to Me - Jo Stafford
Wish You Were Here - Eddie Fisher
I Went to Your Wedding - Patti Page
Jambalaya (On the Bayou) - Hank Williams
    1953 - Science fiction writer Ray Bradbury's chilling futuristic anti-book novel, “Fahrenheit 451,” was published on this date.
    1955 - On Broadway, "No Time for Sergeants" opened, starring Andy Griffith.
    1955 - One of Harry Belafonte's hits was recorded for RCA Victor. It took "Day-O" over a year to hit the pop charts in January of 1957, after its name was changed to "The Banana Boat Song (Day-O)".
    1955--Elvis Presley, Bill Haley, The Four Lads and Pat Boone appear together in concert at the Brooklyn High School auditorium in Cleveland , Ohio .
    1956-Elvis Presley's "Love Me Tender," is now the first song to the pop chart at #2. It also makes it to the Country & Western chart, the R&B chart and the top One Hundred.
    1957 - Tonight Walter Cronkite began hosting a weekly documentary. Called "The 20th Century", the show reported on major events that shaped modern history. In 1967, the show switched its focus and its title to "The 21st Century". Until its last show on January 4, 1970. Cronkite was the only narrator of the program.
    1960---Top Hits
Save the Last Dance for Me - The Drifters
My Heart Has a Mind of Its Own - Connie Francis
I Want to Be Wanted - Brenda Lee
Alabam - Cowboy Copas
    1961- The Supreme Court upholds a Florida law which exempts women from jury duty, unless they volunteer. In all, 18 states allow the jury duty exemption while three state, Alabama, Mississippi, and South Carolina outright barred women from jury duty. However, on 02-07-1966, a federal court rules that such laws should end on June 1, 1967 because such laws "deny to women the equal protection of the laws in violation of the 14th amendment." In January of 1975 the Supreme Court says a Louisiana law forbidding women serving on juries is unconstitutional. The first woman juror served in the State of New York in 1936.
    1962-The Four Seasons' "Big Girls Don't Cry" is released.
    1964-"The Monster Mash" by Bobby "Boris" Pickett, reached the top of Billboard's Hot 100 singles chart. This novelty song, which was recorded in less than two hours, has become an annual favorite.
    1968---Top Hits
Hey Jude - The Beatles
Fire - The Crazy World of Arthur Brown
Little Green Apples - O.C. Smith
Then You Can Tell Me Goodbye - Eddy Arnold
    1973-The White House announced at 8:24pm EDT, that President ‘Richard M. Nixon had discharged Archibald Cox (Special Watergate Prosecutor) and William B. Ruckelhaus ( Deputy Attorney General)(, and that the Attorney General Elliot L. Richardson, had resigned. Immediate and widespread demands for impeachment of the president ensued and were not settled until President Nixon resigned August 9, 1974.
    1973-The Rolling Stones have their first Number One ballad, "Angie," a song that sparks rumor that it's a love song from Jagger to David Bowie's wife, Angela.
    1973-“ The Six Million Dollar Man” first pilot appeared “ Wine, Women and War.”
This action-adventure series based on the novel “Cyborg” was a monthly feature on “The ABC Suspense Movie” before becoming a regular series in 1974. Lee Majors starred as astronaut Steve Austin, who after an accident, was “rebuilt” with bionic legs, arms and an eye. He worked for the Office of Strategic Information (S) carrying out sensitive missions. Also in the cast were Richard Anderson, Alan Oppenheimer and Martin E. Brooks. “The Bionic Woman, “ staring g Lindsay Wagner, was a spin-off from his show and the two main characters were paired for several made-for-TV sequels.

    1976---Top Hits
Disco Duck (Part 1) - Rick Dees & His Cast of Idiots
Lowdown - Boz Scaggs
If You Leave Me Now -Chicago
You and Me - Tammy Wynette
    1979 - The John F. Kennedy Library in Boston was dedicated.
    1984---Top Hits
I Just Called to Say I Love You - Stevie Wonder
Caribbean Queen (No More Love on the Run) - Billy Ocean
Hard Habit to Break - Chicago
I Don't Know a Thing About Love (The Moon Song) - Conway Twitty
    1988-Top Hits
Groovy Kind Of Love- Phil Collins
Kokomo (From The "Cocktail" Soundtrack)- The Beach Boys
Wild, Wild West- The Escape Club
Red Red Wine- UB40
    1989 - Forty-nine cities reported record low temperatures for the date as readings dipped into the 20s and 30s across much of the south central and southeastern U.S. Lows of 32 degrees at Lake Charles LA and 42 degrees at Lakeland FL were records for October, and Little Rock AR reported their earliest freeze of record. Snow blanketed the higher elevations of Georgia and the Carolinas. Melbourne FL dipped to 47 degrees shortly before midnight to surpass the record low established that morning. Showers and thunderstorms brought heavy rain to parts of the northeastern U.S. Autumn leaves on the ground clogged drains and ditches causing flooding. Up to 4.10 inches of rain soaked southern Vermont in three days. Flood waters washed 600 feet of railroad track, resulting in a train derailment.
    1991- Oakland Hills fire, California

    1993-Top Hits
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
    1995 - The clever black comedy, Get Shorty, starring John Travolta, Rene Russo, Gene Hackman, Danny DeVito, and Dennis Farina, opened across the country. The film did well at the box office, and once again affirmed Travolta's "come back" to films.
    2000 -Toronto signs Carlos Delgado to a record four-year $68 million contract. The Blue Jay first baseman's average salary of $17 million is the most in major league history.
    2001—Top Hits
Look of Love---Diana Krall
Silver Side Up-Nickeback
Pain is Love-Ja Rule
Songs in a Minor-Alicia Keys
    2001--An all-star lineup including David Bowie, Mick Jagger, Eric Clapton, Billy Joel, Elton John and The Who appear at The Concert For New York City at Madison Square Garden in a five hour show to benefit the victims of the 9/11 attack.
    2002- Twenty-year old Venezuelan right-hander Francisco Rodriguez becomes the youngest pitcher ever to win a World Series game. With just 15 days of major league experience, K- Rod throws 37 pitches retiring 9 consecutive batters in three innings to pick up the victory as the Angels out slug the Giants in Game 2, 11-10.
    2004 -- After losing the first three games of the ALCS, the Red Sox become the first team in baseball history to win a best-of-seven series by beating the Yankees at stadium, 10-3. Johnny Damon's two home runs, including a grand slam in the fourth, and Derek Lowe's solid pitching performance helps Boston to join the 1942 Toronto Maple Leafs and the 1975 New York Islanders as the only teams in the history professional sports to overcome a 3-0 series deficit to win a seven-game series.

World Series Champion This Date

    1982--- St. Louis Cardinals
    1988—Los Angeles Dodgers
    1990-Cincinnati Reds
    2004-- Boston Red Sox



Baseball Poem

The Red Sox Vs. The Ultimate Yankees

The Red Sox are in fame, hopefully not for the rest of the game          
The score is 8-4
Can the Sox score more?
Can the Yankees score?
Or will this game be a total bore
When the Sox beat the Yankees 8-4?

Nick Johnson just hit a home run and the score is 8-5
3 other players get on the bases as well.
Now, Jorge Posada is up at bat
He looks at all the Sox players, like they're little gnats.
He stands up straight
As the first pitch comes across the plate
The Ump calls a strike
And Torre on that first pitch, he does not like.
Posada continues the game and tries to put the Yanks into fame
He knows that all the Red Sox players are truly lame
So the next pitch comes and the ball is to aim
Right at the catchers glove
But because Posada is a catcher
Who said that it had to aim at the other catcher's mitt or bat?
As all the Yankee fans raise their Yankee hats
Of hope and belief that Posada is going to hit
Because 3 players are bases 1, 2, and 3
He can surely hit the ball into a grand slam
And everyone is watching and can see.
The pitch comes across the half way and Jorge does his
As he hits the ball, but at the bottom
Causing it to be a pop fly
But because Posada had such an erg to get the ball out of
the park
It had power, strength and belief in God
That all the fans including the Sox, had to, just had to nod
This ball was out of the park, and half way into New Jersey!
Former Yankee and now announcer Paul O'Neil said “ Boy what a game!”
That hit surely put the Yankees into fame and proved that
the Sox are really lame!
They had a belief and that was in God
And on that hit everyone had to nod!
Boy what a game, what a game!

written by Bella Scorran




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