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Headlines---
Classified
Ads---Asset Management: One Less
Pictures
from the Past---1994- Deborah J. Monosson
Federal
Reserve Beige Report-Signs of Improvement/Optimism
“...
ten dogs
on every bone” pricing----ELA Exec. Committee meeting
Sen.
McCain Ridicules $21B Boeing Lease at Hearing
Suit
Filed Against Former Senior Executives of DVI
Sold
Out!----- UAEL Regional Meeting
(Beige
Report: Look at your area by the Fed District, and if you read only one
article, make it the ELA Exec. Committee meeting.
editor)
This Border ##### Denotes Press Release (Not Written By Leasing
News)
------------------------------------------------------------------------------------------
Classified Ads---Asset Management:
One Less
“Please remove my classified for an Asset Management position.
I have
accepted a position with in the banking industry. I appreciate
you letting me list my "job wanted"!
“You and your publication are a great service in the leasing
industry and I look forward to checking out your website from time to time.”
Marta Matheson
Redmond, WA
Two Asset Management Jobs Listed/Operations/Senior Mananagement
Asset Management: Austin, TX. 20+ years exper. lease/finance.
P & L responsibility, strong credit & collection management, remarketing&
accounting. Computers, construction, auto & transportation. Both commercial/
consumer portfolios. email: kmalone@austin.rr.com
Asset Management: Chicago, IL. MBA, 15+ years exp.
Long history of success in maximizing residual position through outstanding
negotiation skills & lease contract management. Third party remarketing,
forecasting etc... email:jgambla@aol.com
Operations: Wayne, NJ
20+ heavily experienced collection/ recovery VP looking to
improve someone's bottom line. Proven, verifiable track record. Knowledge
of all types of portfolio. Will relocate Email:cmate@nac.net
Operations: Experienced Credit, Collections, lease
and Finance operations. Manager w/expertise in improving bottom line performance,
excellent trainer, manager, motivator. Get result/keep the customer coming
back. Email:rgmorrill@comcast.net
Senior Management: Baltimore, MD
25 year veteran of commercial and equipment leasing seeking
a senior management position with leasing or asset based financing company
in the southeast (Florida preferred)
email: kellogg_md@yahoo.com
Senior Management: Denver, CO. Fortune 500 GM/SVP wants to team up with aggressive
lender looking for Western expansion mid-market equip. finance/ leasing.20+
years experience within Rocky Mountain/Southwest and Ca markets. email:
legal@csotn.com
Senior Management: Long Island, NY
Degree Banking/Finance. 13 years leasing exp. Now prez young
leasing company where promises were not met. Interested in joining established
firm with future. Email:bob33483@yahoo.com
Senior Management: San Francisco, CA., 25 years experience w/global leasing
company, sales,marketing,business dev., P&L responsibility, asset
mgmt, brokering and remarketing. Interested in joining an est. firm with
a future. email:rcsteyer@yahoo.com
Senior Management: Portfolio Management Consultant;
25+years experience in Collections, Customer Satisfaction, Asset Management,
Recoveries, Continuous Process Improvement, Backend Revenue Generation,
Cost per Collection Analysis. $5+Billion Portfolio expertise. email: efgefg@rogers.com
Pictures from the Past---1994— Deborah J. Monosson
http://two.leasingnews.org:80/imanges_uael_wael/Colta,John.jpg
1994,April, Western
Association of Equipment Leasing Conference, Monterey
(with John Colton)
“What has happened to me since then?...I have gotten a lot
grayer. I've gone from
Sales person to President---.perhaps that’s why. But its
been a great learning
experience and we're still in business! On the personal side...I
think the
Red Sox are going to make it this year.
“I serve on the Executive Committee of the Commercial Finance
Association,
Treasurer of the Equipment Leasing and Finance Foundation,
Board of
Directors of the Equipment Leasing Association and locally
I am on the board of the MIT Enterprise Forum of Cambridge, a non profit
that works to educate start up technology
companies as well as help them make the right connections.
“My interests outside work are downhill skiing, bicycling
(road not Mountain)and a
faithful Red Sox fan.. I probably attend 25-30 games a season.,
even when
they're losing. Kit
asked me if I miss my Father....he hasn't left. He's in
work before me! He comes to the office everyday; .although
I did give him
Fridays off this summer!”
Sincerely,
Deborah J. Monosson
President
BOSTON FINANCIAL & EQUITY CORPORATION
20 Overland Street
Boston MA 02215
617-267-2900 Tel
617-437-7601
http://www.bfec.com
-----------------------------------------------------------------------------------
Federal Reserve Beige Report—Signs of Improvement/Optimism
Reports from the twelve Federal Reserve districts indicate
that the economy continued to improve in July and August. Eleven districts
say that activity levels increased during the summer. In some districts,
improvement occurred in selected sectors, and in others, it was broad-based.
Even in the Dallas district, where activity remains generally weak, contacts
are said to be more optimistic.
Summary
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/default.htm
Report by District:
First District—Boston
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/1.htm
Second District---New York
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/2.htm
Third District---Philadelphia
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/2.htm
Fourth District---Cleveland
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/2.htm
Fifth District---Richmond
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/5.htm
Sixth District---Atlanta
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/6.htm
Seventh District---Chicago
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/7.htm
Eighth District---St. Louis
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/8.htm
Ninth District—Minneapolis
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/9.htm
Tenth District---Kansas City
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/10.htm
Eleventh District---Dallas
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/11.htm
Twelfth District---San Francisco
http://federalreserve.gov/FOMC/BeigeBook/2003/20030903/12.htm
Next report will be October 15th
Positive Attitude Towards Business Opportunities Prevail
at ELA Executive Committee meeting
ELAonline
Companies are thinking Offense and External rather than Defense
and Internal.
The Equipment Leasing Association Executive Committee held
its annual planning meeting in Colorado August 18–20, 2003. ELA Chairman
Ed Dahlka convened the meeting of thirteen officers and directors for
an initial discussion of the state of market segments, products and companies.
The executive committee represents a cross section of companies and markets
in the association. The discussion was the most positive discussion in
two years. The most frequent general comment was that “business is good,
not strong, and things are going in the right direction now”.
The following are
general observations from the discussions.
- While business is back, it is not as profitable. There
still is a lack of pricing power in the markets because there are “ten
dogs on every bone”.
- Capacity is somewhat constrained by credit and concentration
considerations.
- Funding is available for good deals and / or companies.
- The middle market is dominated by strong balance sheet
companies. There are more barriers to entry as the market can only afford
“so many mouths at the table”.
- The economic downturn squeezed out the marginal business
and poor business models.
- 2003 losses will be much lower than in 2002.
- Noticeable entry of small and smaller regional banks into
the business – small ticket and low end middle market.
- Lessors have not capitalized on the poor economy. They
became used to a robust economy through 2000 and were not prepared to
do a pure leasing business. The FMV business is not being pushed enough.
It is easy to do a “debt oriented” business, but that is not a good business.
The “debt oriented” product takes away the upward profit potential and
the leasing differentiated and visibility.
- Banks demand a huge “tax bang” from their leasing subsidiaries
and loans won’t do the job.
- If ever there was a time for expansion of a FMV product,
now is the time.
- The funded domestic Large Ticket market is weak but the
QTE, lease to service contract and cross border markets are good.
- Accounting regulations, federal and state tax legislation
and Basel II are biggest challenges to leasing companies today.
Woven through this discussion is the concern that equipment
leasing could lose its edge. Over and over the question was raised, “is
there entrepreneurial ship in the business today?” When a question is
asked this often, doubt is the obvious answer. The pure leasing product
has important attributes that are creative and entrepreneurial, however,
leasing companies and ELA may not be doing enough to promote the value
of these attributes and differentiate them from loans. There was discussion
that certain accounting standards and federal tax initiative may not only
push, but require lessors to move towards a more pure leasing oriented
business.
With all of these discussions as background, the executive
committee went on to plan a proposed 2004 Strategic Program of Work for
ELA. The ELA will act on the proposed plan and budget on October 11. The
Highlights include:
- Additional resources for two program areas of highest importance
– Advocacy and Business Development. Expansion to include:
- Greater grassroots participation by members in legislative
and political efforts of ELA.
- Greater use of external issue analysis consultants and
legislative action personnel at both the federal and state levels.
- External market opinion research into companies’ attitudes
towards the leasing product and its attributes.
- An Equipment Leasing advertising supplement, an advertorial,
to be included in most likely a spring edition of Fortune.
- Expanded research into the various business and market
impacts of proposed accounting standards changes.
- Strengthen the level of responsibility of the Business
Council Steering Committees so that distinct needs of various industry
segments can be better articulated and value provided. Improve the quality
of customizing programs and services.
- Confirmed ELA’s opposition to federal and state initiatives
to codify what constitutes Economic Substance in an activity or transaction
because it could result in unintended consequences such as narrowing business
or causing confusion. However, the Executive Committee did direct that
ELA resources should be used to influence the definition of economic substance
if law makers do indeed proceed with legislation.
- Add a Bank Leasing Conference.
- Through the use of technology, expand current conferences
or segments of current conferences to more people deeper into member companies.
- Continue the market strategy of focusing on increasing
the value of ELA programs to existing members through wider participation
in and interaction with the services of the association.
- Approve a 2004 budget of $8.55 million in revenue and $8.5
in expenses.
_______________________________________________________________________
Senator McCain Ridicules
$21 Billion Boeing Lease at Hearing
http://www.nytimes.com/2003/09/04/business/04BOEI.html
--------------------------------------------------------------------------------------------
#### Press Release #####################################
Suit Filed Against Former Senior Executives of DVI
The law firm of Milberg Weiss Bershad Hynes & Lerach
LLP announced that a class action lawsuit was filed on September 3, 2003,on
behalf of purchasers of the securities of DVI, Inc. between November 7,
2001 and August 13, 2003, inclusive (the Class Period), seeking to pursue
remedies under the Securities Exchange Act of 1934 (the Exchange Act).
A copy of the complaint filed in this action is available from the Court,
or can be viewed on Milberg Weiss' website at: http://www.milberg.com/cases/DVI/.
The action is pending in the United States District Court
for the Eastern District of Pennsylvania, against Defendants Michael A.
O'Hanlon, former president and CEO and director of DVI, and Steven R.
Garfinkel, DVI's former CFO.
The Complaint alleges that defendants violated Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated
thereunder, by issuing a series of material misrepresentations to the
market between November 7, 2001 and August 13, 2003. According to the
complaint, throughout the Class Period, Defendants engaged in a fraudulent
scheme to deceive the public as to DVI's true financial condition. Defendants
allegedly issued positive statements regarding DVI's business and operations,
and overall growth in publicly disseminated press releases and SEC filings
and claimed that they were a fair presentation of DVI's business. According
to the complaint, Defendants failed to disclose material adverse facts,
including, but not limited to, the Company's failure to write down the
value of certain impaired assets; its failure to properly account for
and report non-recurring transactions; its failure to adopt adequate internal
controls; and its material overstatement of its assets and earnings. As
a result of Defendants' fraudulent scheme, DVI stock became artificially
inflated during the Class Period, trading as high as $20.99 per share
on June 17, 2002, thereby causing damages to Class Period purchasers of
DVI securities.
On August 13, 2003, after the market closed, Defendants issued
a press release revealing DVI's intention to file for Chapter 11 Bankruptcy
protection and that the Company had not yet secured debtor-in-possession
financing. The Company blamed its dire situation on the "recent discovery
of apparent improprieties in its prior dealings with lenders involving
misrepresentations as to the amount and nature of collateral pledged to
lenders." In the same release, Defendants announced that DVI's Chief
Financial Officer, Defendant Garfinkel, had been placed on administrative
leave. This revelation came after Defendants announced that DVI's auditor,
Deloitte & Touche LLP, had resigned over a dispute concerning the
Company's accounting for certain transactions; that the Company had depleted
all availability on its credit facilities; that DVI failed make interest
payments on its 9 7/8 percent Senior Notes due to severe liquidity constraints;
and that the SEC had rejected the Company's filing of its quarterly report
for the third quarter of 2003. Immediately following the Company's announcement
that it would file for bankruptcy, on August 14, 2003, the New York Stock
Exchange suspended trading of DVI stock and Senior Notes, pending delisting.
On the same day, DVI stock closed at $0.30 per share, representing a one-day
decline of 62.50 percent.
### Press Release #####################################
Sold Out!----- UAEL Regional Meeting
United Association of Equipment Leasing Colorado Region
Colorado Rockies Game Night In the Owners Box!
SOLD OUT!
Event Hosted by UAEL Colorado Regional Committee
Pawnee Leasing, BSB Leasing, Republic Financial Corporation
Take Me Out to the Ball Game!
Date: Friday, September
5, 2003
Time: 7:05 pm (Colorado
Rockies vs. Los Angeles Dodgers)
Place: Coors Field—Denver,
Colorado
Ticket Includes: Owner's
Box Seats, Food and Beverages
$40.00 UAEL Member Price
$50.00 Non UAEL Member Price
-------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------
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a colleague as we are trying to build our readership.
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http://www.leasingnews.org/contact_us_news.htm
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format, html, where you may
click on the headlines to go to the story, plus is also in
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posted daily on our website--- http://www.leasingnews.org/contact_us_news.htm
------------------------------------------------------------------------------------------------
Leasing Industry Help Wanted
|
Escondido, CA: Lease broker office looking for Lease Coordinator/Office Manger: process credit, submit to banks,documentation/follow-up; answer phones/manage files.Leasing experience important. please send resume to:stantonleasing@sbcglobal.net or fax to (760) 738-1910 |
|
About the Company: www.odysseyequipfinance.com |
|
About the Company: www.leasingpartnerscapital.com |
--------------------------------------------------------------------------------------------------
News Briefs---
Census Shows Ranks of Poor Rose by 1.3 Million
http://www.nytimes.com/2003/09/03/national/03CENS.html
Safeway adds U.S. Bancorp
Drought Not Letting Up on West's Farmers
http://www.nytimes.com/aponline/business/AP-Farm-Scene.html
Dukakis criticizes president over Amtrak board vacancies
Med school applicants fall 22% since 1997
Applications to the nation's medical schools dropped for
the sixth straight year in 2002.
http://www.boston.com/business/articles/2003/09/03/med_school_applicants_fall_22_since_1997/
2d arrest made in Blaster worm case
http://www.boston.com/business/technology/articles/2003/09/04/2d_
arrest_made_in_blaster_worm_case/
Zippo Cranks Out 400 Millionth Lighter
http://www.washingtonpost.com/wp-dyn/articles/A23456-2003Sep4.html
------------------------------------------------------------------------------------------------
Sports Briefs--
Bayless Says, "Raiders look like best in West, but
Denver will take AFC title" http://www.bayarea.com/mld/mercurynews/sports/football/nfl/oakland_raiders/6680025.htm
Roddick Advances Between Raindrops
http://www.nytimes.com/2003/09/04/sports/tennis/04roddick.html
-------------------------------------------------------------------------------------------------------
California Nuts Briefs---
Davis defends job and says he'll stay in touch with the people
http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/6684744.htm
Schwarzenegger egged as he opts for speech instead of
debate
http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/6684735.htm
Arnold for Governor Web Site
http://www.arnoldgovernor.net/
Pat Robertson Endorses Arnold
http://www.drudgereport.com/flash2bp.htm
Arianna Pitch to Supporters: Come Be on TV
http://www.drudgereport.com/flash6.htm
-------------------------------------------------------------------------------------------
This Day in American History
1609 -Navigator Henry
Hudson discovers island of Manhattan.
1645- the first Lutheran church was dedicated by the Reverend
Johannes Campanius at Christina ( Tinicum
Island ), near the present site of Essington, PA.
Before the church was build, Campanius had conducted serves in
a small blockhouse at Fort Goteborg.
1781- Los Angeles, California was born. The Mexican Provincial
Governor, Felipe de Neve, founded El Pueblo de Nuestra Senora la Reina
de Los Angeles, originally named Nuestra Senora la Reina de Los Angeles
de Porciuncula, by Gaspar de Portola, a Spanish army captain and Juan
Crespi, a Franciscan priest, who had noticed the beautiful area as they
traveled north from San Diego in 1769. El Pueblo de Nuestra Senora la
Reina de Los Angeles translates into the Village of our Lady, the Queen
of the Angels ... People who live there call it :L.A. for short. And you
are from West L.A. or Downtown L.A. South
L.A. or North Hollywood.
( lower half of:
http://memory.loc.gov/ammem/today/sep04.html
)
1802- Birth of Marcus Whitman, American Presbyterian and
pioneer medical missionary. In 1836 his family became the first whites
to reach the Pacific coast by wagon train. Whitman and his wife Narcissa
were murdered by the Cayuse Indians in present-day Washington state in
1847.
http://www.pbs.org/weta/thewest/people/s_z/whitman.htm
http://www.nps.gov/whmi/history/marcbio.htm
http://www.aoc.gov/cc/art/nsh/whitman.htm
1803- Sarah Childress Polk birthday, considered shrewd and
ambitious, layered with charm and backed by a politically powerful family
paved the way for her husband, James, to become president of the U.S.
She was his closest advisor. One of the first things she did as first
lady was immediately ban dancing at White House functions.
For four years no one danced one step there. and was admired greatly
by official Washington society. SCP attended the South's most outstanding
school for girls. She is recognized by many as a powerful influence on
his official actions.
http://www.jameskpolk.com/scpbio.htm
http://www.dancyville.net/ppages/psarpolk.htm
http://www.amazon.com/exec/obidos/ASIN/0786403667/inktomi-
bkasin-20/103-5362656-4423850
1813- "The Religious Remembrancer" (later renamed
"The Christian Observer") was first published in Philadelphia.
It was the first weekly religious newspaper in the U.S., and in the world.
1846-Birthday of Daniel Burnham, American architect and city
planner, born at Henderson, NY. Daniel Hudson Burnham was an advocated
of tall, fireproof buildings, probably the first to be called “sky-scrapers,”
In 1909, he proposed a long-range city plan for Chicago, IL, that
was a key factor in the “forever open, dear and free” policy which resulted
in Chicago having the most beautiful lakefront of any major city in the
US. Died June 1, 1912, at Heidelberg, Germany.
http://memory.loc.gov/ammem/today/sep04.html
1848-Birthday of African-American Lewis H Latimer, inventor
and engineer, died-1928
1862 –General Robert
E. Lee crosses the Potomac and enters Maryland.
It is
his mission to bring the war to Northern territory,
gain the sympathy of the
growing population who wants “peace”, “negotiations,”
and his main thrust
is to take the White House as the British did
in the War of 1812. President
Lincoln had named General Henry W. Halleck on
July 12 commander in chief of
the Union armies. Known as “Old Brains” due to his West Point education,
author of military strategy and administration.
He graduated third in his class, 1839 (Lee graduated second in his class,
1929). Before the war, he had been
a successful California attorney and admired
by Lincoln, also an attorney.
Lincoln was one of his biggest supporters.
Lee was not, and knew him to
be a very conservative, “by the book” man, which
he was, and was held
in great disdain by the other Union generals,
especially after his lack of
defense of Washington and the war went very badly
under his command,
in fact, Lincoln was not expected to be re-elected
president and it was not
until he appointed U.S. Grant as Commander-in-Chief
did the war turn
around. Lee
with his limited resources and much smaller, not very well
equipped troops ( many toward the end of the
war without shoes and army uniforms, meaning they also wore the same clothes
for months, dwindling provisions) were bringing the war to the North,
winning the war, until the Confederates stumbled into a Union troops in
Gettysburg on their march to Washington.
Grant quickly re-grouped, the Confederates had definite
communications problems and General Longstreet
lost his nerve. With Grant in charge, whose main plan to was to cut the
South off by ocean, river, major highway
from food, commerce, and being re-enforced, and with Naval blockades
run by a 63 year old fearless Admiral Farragut
and a ruthless General Sherman, turned the tide of the war. Halleck was one of the main reasons General
George McClellan ran as the Democratic nominee against Lincoln
in 1965, as Halleck had maneuvered McClellan from his job. This
also further politically cemented Lincoln’s back of his commander-in-chief.
This site gives the best background on why this day is so
important in Civil
War history as it formed the Southern strategy of the war:
http://www.nps.gov/anti/why_inv.htm
http://www.nps.gov/hafe/jackson.htm
http://www.longislandgenealogy.com/hallock/henryhalleck.html
http://www.mrlincolnswhitehouse.org/templates/display.search.cfm?ID=134
http://www.morrisville.edu/library/local_history/sites/gar_post/halleck.html
http://www.us-civilwar.com/farragut.htm
1864-
Bread riots in Mobile, Alabama, as food was scarce and women
took to the streets for bread and other food.
Also hit very hard were
union soldiers held in Confederate prisons as
many starved to death.
http://www.moc.org/Articles/womanwar.html
http://www.angelfire.com/ga2/Andersonvilleprison/
1869-First westbound train arrives in San Francisco.
http://www.travelingamerica.com/historichotels/CALIFORNIA-SANFRANSICO/SanFranciscoCalifornia.htm
http://www.ego.net/us/ca/sf/history/
http://www.zpub.com/sf/history/sfh2.html
1873- Regular Cable Car service begins on Clay Street
in San Francisco.
http://www.cablecarmuseum.com/8c/8c.htm
http://www.shapingsf.org/ezine/transit/cablecars.html
http://www.sfmuseum.org/bio/hallidie.html
1882-The first successful Dynamo was put in operation, Jumbo
No. 1. a direct-current steam dynamo, which was build in 1881 by the Edison
Machine Works,Goerck Street, New York City. It weighed 27 tons, 6 tons
of which was the armature. When the armature was air-cooled, the dynamo’s
capacity was 700 lamps of 15-candlepower each. That same Saturday evening,
the Edison Electric Illuminating Company of 257 Pearl Street, New York
City turned on its one engine, which generated power for 800 electric
light bulbs. Within 14 months, the service had 508 subscribers and 12,
732 bulbs.
1883- ten year old Barney Flaherty, according to history,
became the first “newsboy in the US by answering the following classified
advertisement which appeared in the New York Sun: “ to the unemployed—a
number of steady men can find employment by vending this paper. A liberal
discount is allowed to those who buy to sell again.”
1885- the first self-service restaurant opened at 7 New York
Street, New York City, opposite the New York Stock Exchange. It was called
the Exchange Buffet.
1886-Geronimo,
the inveterate Apache raider along the Mexican border, surrendered to
Gen. Nelson A. Miles in Arizona. All the Chiricahua Apaches were then
resettled in Florida as war prisoners. They were relocated to Fort Sill,
Oklahoma in 1894.
http://www.wmat.nsn.us/wmahistory.shtml
http://www.discoverdouglas.com/Tourism/Geronimo.htm http://search.biography.com/print_record.pl?id=15090
1888- George Eastman of Rochester, NY, received a patent
for a fix-focus box camera, that had a lens fast enough to make instantaneous
exposures. What made it so unique, it is it used a “roll
of film” of 1000 exposures and took at round picture 2.5 inches in diameter.
It also did not require a table or tripod for support.
1905—Birthday of pianist Meade Lux Lewis Birthday
http://www.mta.nyc.ny.us/bandt/html/henry.htm
http://collections.ic.gc.ca/arctic/explore/hudson.htm
http://www.plpsd.mb.ca/amhs/history/hudson.html
http://www.ianchadwick.com/hudson/hudson4.html
1908-Birthday of Richard
Wright birthday, one of my favorite authors,
who’s work including “ Native Son, “ “Uncle Tom’s Children, “ and “Black
Boy.” Perhaps one, if not “the”
number one, most powerful American writers.
http://www.itvs.org/RichardWright/index.html
http://www.kirjasto.sci.fi/rwright.htm
http://www.salon.com/audio/2000/10/05/wright/index.html
1918-Birthday of Gerald Wilson, great jazz arranger, teacher
at UCLA. We used to his band plan in Los Angeles often,
and he was ahead of his time.
http://www.mamajazz.org/pages/biogerald.html
1928 - Wingy Manone recorded "Downright Disgusted"
for Vocalion Records. Playing drums for Wingy was a young sideman named
Gene Krupa.
1941 - The New York Yankees won their 12th American League
baseball pennant. This was the earliest any American League team had clinched
the title.
1949 - The longest pro tennis match in history was played.
Pancho Gonzales and Ted Schroeder played 67 games in five sets
1953- the New York Yankees clinched their fifth consecutive
American League pennant, a feat then unprecended in baseball history.
Casey Stengel also became the
first manager, to win five consecutive American League championships.
The Yankees went on to defeat the Brooklyn Dodgers in the World Series
for their fifth Series crown in a row. I was there and remember losing
as I was a Dodger fan and later a Chicago Cub fan.
1954:New York Giants(NL) defeated Cleveland Indians(AL) 4 games
to 0. 1955 World Series : Dodgers vs.
Yankees Johnny Podres, Gil Hodges and Sandy Amoros' spectacular fielding make
the Brooklyn Dodgers numero uno, smacking our long-time arch-rival New
York Yankees in seven great games. Available in B&W on VHS. Perhaps
DVD. And 1956: New York Yankees(AL) defeated Brooklyn Dodgers(NL) 4 games
to 31957:With the bases loaded and two out in the ninth inning, Eddie
Mathews flagged down Bill Skowron's shot down the third-base line and
stepped on third base and Milwaukee
won the World Series, beating the New York Yankees
. http://baseball-almanac.com/ws/wsmenu.shtml
1954---Top Hits
Sh-Boom - The Crew Cuts
Hey There - Rosemary Clooney
Skokiaan - Ralph Marterie
I Don’t Hurt Anymore - Hank Snow
1954- Captain Midnight premiered on television, staring Richard
Web. It was
sponsored by Ovaltine. ( “Mom puts it in my milk for extra
en-err-geee.” )
1957-Governor Oval Faubus called out the Arkansas National
Guard to turn away nine black students who had been trying to attend Central
High School in Little Rock. President Eisenhower sent in troops to enforce
the law allowing the students to integrate the school.
1957- Ford Motor Co introduces the Edsel
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1962---Top Hits
Sheila - Tommy Roe
You Don’t Know Me - Ray Charles
Party Lights - Claudine Clark
Devil Woman - Marty Robbins
1967 - "Gilligan’s Island" began its 98-show run
on CBS, premiering on September 26, 1964 and last episode was today in
1967. It is still shown in re-runs and remains popular.Seven people set
sail about the Minnow for a three-hour tour and became stranded on an
island. The used the resources on the island for food, shelter, and entertainment.
The cast included Bob Denver as Gilligan, Alan Hall, Jr. as the
Skipper, Jim Backus as Thurston Howell III, Natalie Schafer as Mrs. “Lovey”
Howell, Russell Johnson as the Professor, Dawn Wells as Mary Ann and Tina
Louise as Ginger Grant, the movie star.
1966-The Los Angeles Dodgers became the first team in major
league history to draw two million fans at home and two million on the
road in the same season when they played the Reds in Cincinnati before
a crowed of 18,670.
1967- The U.S. 1st Marine Division launches 1Operation SWIFT,
a search and destroy operation in Quang Nam and Quang Tin Provinces in
I Corps Tactical Zone (the region south of the Demilitarized Zone). A
fierce four-day battle ensued in the Que Son Valley, 25 miles south of
Da Nang. During the course of the battle, 114 men of the U.S. 5th Marine
Regiment were killed while the North Vietnamese forces suffered 376 casualties.
1969- After thirty-one games, the third longest consecutive
game hitting streak in National League history ends as Dodger Willie Davis
is stopped in a 3-0 loss to the Padres.
1970---Top Hits
War - Edwin Starr
In the Summertime - Mungo Jerry
(If You Let Me Make Love to You) Why Can’t I Touch You? -
Ronnie Dyson
Don’t Keep Me Hangin’ On - Sonny James
1971 - "The Lawrence Welk Show" was seen for the
last time on ABC-TV. ABC felt the show attracted “too old an audience
... not good for attracting advertisers.” Syndication allowed the champagne
music to continue until 1982 as a weekly favorite for millions of people.
Welk charted a half-dozen tunes on the pop music charts between 1956 and
1961, including the number one song, "Calcutta", in 1960.
1972 - Swimmer Mark Spitz captured his seventh Olympic gold
medal in the 400-meter medley relay event at Munich, Germany. Spitz became
the first Olympian to win seven gold medals.
1973-John Ehrlichman and G. Gordon Liddy were indicted along
with two White House officials in connection with the burglary of the
office of Daniel Ellsberg’s psychiatrist in 1971. The action had been
instigated by the so-called White House plumbers’ unit, created to stop
security leaks, following Ellsberg’s release of Pentagon documents to
the press.
1978---Top Hits
Grease - Frankie Valli
Three Times a Lady - Commodores
Boogie Oogie Oogie - A Taste of Honey
Blue Skies - Willie Nelson
1986---Top Hits
Higher Love - Steve Winwood
Venus - Bananarama
Take My Breath Away - Berlin
Heartbeat in the Darkness - Don Williams
1990- Jerry Lewis' 25th Muscular Dystrophy telethon raises
$44,172,186
1991- Removing an asterisk which really never existed, the
Statistical Accuracy Committee decides to put Roger Maris '61 home run
season ahead of Ruth's 60 mark instead of listing it separately as it
was from 1962 until 1991. The eight man panel also re-defines a no-hit
game as one which ends after 9 or more innings with one team failing to
get a hit thereby removing 50 games from the list that had previously
been considered hitless, including the 1959 performance of Harvey Haddix's
12 perfect innings against the Braves and Jim Maloney's 1965 1-0 loss
to the Mets in 11-innings.
1995- Robin Ventura
becomes the eighth player to hit two grand slams in one game helping White
Sox to beat the Rangers, 14-3.
1997 - The 14th MTV Video Music Awards show was staged at
Radio City Music Hall. Host Chris Rock introduced Madonna, U2, Beck, Jamiroquai,
The Wallflowers with Bruce Springsteen & Marilyn Manson. Most memorable
moment: Sting joining Puff Daddy & Faith Evans to perform "I’ll
Be Missing You".
1999- The Reds set a National League record with nine homers
with as they rout the Phillies, 22-3. Eddie Taubensee (2), Greg Vaughn,
Jeffrey Hammonds, Aaron Boone, Dimitri Young, Pokey Reese, Brian Johnson
and Mark Lewis all go yard for Cincinnati.
2000- The Red Sox honor Hall of Famer catcher Carlton Fisk.
The New Hampshire resident,who played his first nine seasons with Boston,
joins Bobby Doerr (1), Joe Cronin (4), Carl Yastrzemski (8) and Ted Williams
(9) in having his number (27) be retired at Fenway.
2002- In front of 55,528 fans at Coliseum, the A's set an
American League record by extending winning streak to 20 consecutive games.
After blowing an 11-run lead to the Royals, Scott Hatteberg's bottom of
the ninth inning walk off home run gives Oakland the historic victory,
12-11.
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