This Border ##### Denotes Press Release (Not Written By Leasing News)
Need an attorney in your area who specializes in leasing?
Here are recommendations from Leasing News:
California - statewide: CA "ELA"
5-attorney creditors rights law firm, in biz 25 yrs +, specialize all aspects of creditor representation. Primarily represent equipment lessors & funders, plus collection and creditor rep. in bankruptcy. Email:email@example.com
California - statewide: Encino, CA. "ELA"
24 Attorney AV-rated Law firm representing the Leasing Industry for over 25 Years. We specialize in Lease-enforcement, collection and representation in Bankruptcy Court. email:firstname.lastname@example.org
Connecticut, Southern New England: EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. email: email@example.com EAEL
National: Coston & Lichtman: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate; workouts, litigation, bankruptcy. Chicago & Florida offices. Jim Coston, CLP (Members: ELA/UAEL/MAEL)
Law Firm - Service, Dallas, TX. ELA
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.
Los Angeles, Statewide: CA. "ELA"
Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly basis. email:RGarwacki@prodigy.net
Los Angeles -statewide: CA "ELA "
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: firstname.lastname@example.org
Full staff of attorneys and legal assistants work with Group Leader Barry S. Marks to ensure prompt, cost-effective responses to client needs: Email:email@example.com
NY Metro and National: Hackensack, NY
Attorney specializing in equipment lease matters for at least 10 years with a 50-State operating network of attorneys experienced in leasing matters. Email:firstname.lastname@example.org "ELA"
Northern California - Statewide: CA "EAEL" "ELA" San Francisco expertise at Marin
County, ,CA prices; practice limited to equipment leasing and finance with 22 years experience, testimonials. Ken Greene, Esq. 415-721-7900 email@example.com
NY Metro and National: Hackensack, NY
Attorney specializing in equipment lease matters for at least 10 years with a 50-State operating network of attorneys experienced in leasing matters. Email:firstname.lastname@example.org "ELA"
These attorneys belong to equipment leasing associations and have stepped forward
to offer their services in this specialized marketplace.
Wells Fargo Survey Says Confidence Growing in Economy
US Banker Weekly Bulletin
In what could be another sign of growing confidence in the U.S. economy, about six in 10 small business owners, or 59 percent, responding to a nationwide survey
say they expect an increase in their company revenues over the next 12 months.
The results are part of the inaugural Wells Fargo/Gallup Small Business Index, which measures business confidence and overall market conditions. Sponsored by
Wells Fargo, a large small business lender, the survey was conducted by the Gallup Organization, the Small Business Index provides insight into the U.S. small
business marketplace, and weighed in with an initial Index score of +69. The Index rates small business owners' assessment of the current business climate and how
they believe their businesses will perform in the next year.
Some 44 percent of small business owners surveyed said their company's revenues have decreased over the past 12 months, compared with 35 percent citing a
revenue increase. As a result, a number of small business owners have seen a negative effect in areas such as cash flow, overall financial situation and capital
Cartoon—First Sign Recession is Ending
45 Year Low Keeps Economy Improving, Says Fed
Federal Reserve leaves key interest rate at 1 percent: The Federal Reserve kept a key interest rate at a 45-year low on Tuesday and repeated its pledge to keep rates at rock-bottom levels for a "considerable period," Citing Risks.
Their press release:
“The Federal Open Market Committee decided today to keep its target for the federal funds rate at 1 percent.
“The Committee continues to believe that an accommodative stance of monetary policy, coupled with robust underlying growth in productivity, is providing important ongoing support to economic activity. The evidence accumulated over the intermitting period confirms that spending is firming, although the labor market has been weakening. Business pricing power and increases in core consumer prices remain muted.
“The Committee perceives that the upside and downside risks to the attainment of sustainable growth for the next few quarters are roughly equal. In contrast, the probability, though minor, of an unwelcome fall in inflation exceeds that of a rise in inflation from its already low level. The Committee judges that, on balance, the risk of inflation becoming undesirably low remains the predominant concern for the foreseeable future. In these circumstances, the Committee believes that policy accommodation can be maintained for a considerable period.
“Voting for the FOMC monetary policy action were: Alan Greenspan, Chairman; Ben S. Bernanke; Susan S. Bies; J. Alfred Broaddus, Jr.; Roger W. Ferguson, Jr.; Edward M. Gramlich; Jack Guynn; Donald L. Kohn; Michael H. Moskow; Mark W. Olson; Robert T. Parry; and Jamie B. Stewart, Jr.”
for a more full story, please go here:
Alexa Ranks Leasing Association Web Sites
These comparison are compiled by Leasing News using Alexa and should be viewed as a "sampling," rather than actual count from the website itself.
The Alexa tool bar works on most browsers. They are partnered with Google. You may download their free tool bar.
To learn more about how the rankings work: http://pages.alexa.com/prod_serv/ quicktour_new.html
"ABS Equipment Expo"---Free Fitch Report Exclusive
Free to Leasing Readers, with many thanks to:
Joseph S. Tuczak
55 E. Monroe, Suite 3500
Chicago, IL 60603
Here is the most recent Fitch Ratings Report on leasing delinquencies ( yes, even
the marketing department can learn from this ,) DVI ( which Fitch has been
on top of, before the major newspapers), Issues After the Storm, Financial Institution
Ratings, and Firtch-Rated Equipment Lease Transactions.
August 2003 * Volume 2 * Issue 2
You get the “truth” from Fitch. And usually earlier than everyone else.
Leasing Industry Help Wanted
### Press Release #####################################
Newly Formed Specialty Truck Leasing Company, Lease Alliance, Launched
Credit-Risk Customers No Longer 'Road Kill'
BIRMINGHAM, Mich., -- Alan G. Thomson, former Chief Executive Officer of Leaseline Financial, announced the launch of Lease Alliance LLC, a newly formed Midwest-based financial service company. Lease Alliance will provide credit-risk customers financing for leasing or purchasing of medium-duty commercial vehicles.
Mr. Thomson said, "While this may be a challenging time to launch a new finance company, we feel extremely confident about our future." Adds Paul B. Luke, CEO of BLI Consulting Group and an industry expert, "The trucking industry is beginning to show the type of growth that analysts associate with a fundamental improvement in the U.S. economy. The Dow Jones Trucking Index, which tracks 38 companies in the sector, is up 33 percent over the past year. We definitely foresee an up-tick in trucking volume, which would indicate tremendous opportunity for this company."
Lease Alliance will specialize in "blemished credit" leasing for any type of specialty vehicle that is required to generate income for the business owner such as: tow trucks, dump trucks, bucket trucks, cranes and crane- trucks. A key selling point of the company is their combination of leasing intelligence and digital technology, which will enable them to create tailor- made solutions for the medium-duty commercial vehicle leasing market.
"In today's challenging business environment there are many things beyond our control," states Thomson. "Entrepreneurs are tasked with commercial objectives that require hard-nosed business decisions. These decisions may have affected their credit standing causing them to be non-bankable by standard lending institutions, yet they are still in business providing products or services to their customers every day. These business people are our client base. We will provide them with the financial support and 'road maps' that they need to succeed in business."
Based in Bloomfield Hills, MI, Lease Alliance will be targeting a combination of both direct customers and new and used truck dealerships. Thomson, who brings more than 35 years of leasing and accounting experience to Lease Alliance, observed, "With our background in truck leasing, we are ideally suited to working with dealerships who are looking to expand their blemished credit offerings."
Lease Alliance's commitment to exceptional client satisfaction standards, combined with Mr. Thomson's specialized skill sets, enables the firm to serve organizations that range from startups to well established businesses.
For more information about Lease Alliance, contact 1-800-815-2446, or visit Lease Alliance on the web at www.leaseallianceLLC.com .
#### Press Release ################################
Please send to a colleague as we are trying to build our readership.
Two Version: Free ( text format) $59.95 yr ( html/website) Free 30 Day Trial
This text edition is also available in an "up-grade" format, html, where you may
click on the headlines to go to the story, plus is also in this "new" format
posted daily on our website--- http://www.leasingnews.org/contact_us_news.htm
NAELB Irvine, California Conference September 19-20
“Time is running out. Don't procrastinate one more minute. For a mere $119.00 you get food, drink (non-alcoholic), and lots of education. What a deal! register NOW for the Irvine regional meeting. .
“ I'll see you on Friday evening. I'll be the guy holding the scotch glass in the "proper" manner for networking.”
Bob Bell, CLP
NAELB September 19-20 Conference
Hilton Irvine Hotel in Irvine, California.
Ted Parker, CLP, will be giving a workshop on TValue and lease quoting,
plus he will be reporting on Saturday’s activities for Leasing News.
Open to all Leasing Association Members and guests.
Broker $119 Second attendee $99
Funder $159 Second Attendee $139
Exhibit Table $2000
add $20 for on-site registration
(attendees who become members at this meeting will be
given a $50 attendee fee credit.)
Citigroup Chief Speeds Up Succession Plan
California, New York pension officials call for NYSE chief to quit
Wesley Clark to Enter Presidential Race
Seattle Says “No” to Expresso Tax
Parcells' Preparation Pays Off for Cowboys
Bonds closing in, Giants closing it out/S.F. can clinch as early as tonight
Louis Stadium financing is close, Cards say
Jets CB Abraham has broken shoulder, out eight weeks
California Nuts Briefs---
Appeals Court Might Review Postponement Of Calif. Recall
Delay in recall hits counties where it hurts/They've already spent millions on election
This Day in American History
1630- City of Boston forms Across the Charles River: William Blackstone, a former clergyman, was living an isolated existence as a trapper on the Shawmut Peninsula - the original land mass of Boston. Word came to him from Indian friends of the difficulties his fellow countrymen were having. He sent a message to John Winthrop advising him that the Trimountain hills on his side of the river were far more suitable for settlement. Winthrop, who had been at college with Blackstone (as unbelievable as that sounds), went to see him and it was this meeting in 1630 that really marked the foundation of the city of Boston. Within the next few weeks several small wooden houses were built by the migrants and at the suggestion of Thomas Dudley it was decided that the new settlement be called Boston after its English namesake. Remember, the Puritans did not want a break with England, just to create an example of what could be if England followed their example. Hence, they'd fashion their Boston in their own image, so to speak. Over the next few years many more Lincolnshire migrants arrived. Indeed, a memorial stone in St.Botolph's Church commemorates the five Boston men who became Governors of Massachusetts, those being Thomas Dudley, Richard Bellingham, Francis Bernard, John Leverett and Simon Bradstreet.
enacted severe laws against Quakers. (At the time, government and religion
were intricately interwoven; the line between blasphemy and treason
was virtually nonexistent; and non-sacramental Quakerism gave the impression
that the denomination was anti-government.)
1730-Birthday of Baron Frederich Von Steuben,Prussian-born general who volunteered to serve in the American Revolution. His strategy and help
in training troops dramatically change the tide of the Revolutionary War. He died at Remsen, NY, Nov 28, 1794.
1776- Presidio of San Francisco forms as a Spanish fort
1778- The US signed a treaty with the Delaware Nation, the first treaty with Native American tribes, agreed upon at Fort Pitt ( not Pittsburgh ).
1787- delegations from 12 states (Rhode Island did not send a delegate) at the Constitutional Convention at Philadelphia, PA, voted unanimously to approve the proposed document and adopt the US Constitution.. Thirty-nine of the 42 delegates present signed it and the Convention adjourned, after drafting a letter of transmittal to the Congress. One of the main proponents was Article 6, Section 3: 'No religious tests shall ever be required as a qualification to any office or public trust under the United States.' The proposed constitution stipulated that it would take effect when ratified by nine states. This day is a legal holiday in Florida. It was stated that it would become binding on all 13 colonies when ratified by nine states. This took place on June 21, 1788, when the legislature of New Hampshire approved ratification by a 57-47 vote. The Constitution was declared to be in effect on March 4, 1789
1861-American Missionary Association school establish in Fortress Monroe,VA
aiming to bring about full and equal privileges of citizenship to the black population of the United States during the latter half of the 19th century, leading into the 20th century. The Association did so under the doctrine that to deny these rights would serve to subvert the teachings of Jesus, thus those who attempted to deny these rights performed sins against God and man. Formed as a means of protest against other missionaries during the mid-19th century, the AMA promoted political activity and encouraged a strong anti-slavery sentiment among its missions.
1862- this date has been called America’s bloodiest day in recognition of the high casualties suffered in the Civil War battle between General Robert E. Lee’s Confederate forces and General George McClellan’s Union army. Estimates vary, but more than 25,000 Union and Confederate soldiers were killed or wounded in this battle on the banks of the Potomac River at Maryland. This had started as a plan to take Harper’s Ferry, move into the North, perhaps capture Washington, DC, or at worse, a propaganda victory for those who were against continuing the
war against the Confederates. The plan was discovered on September 12, and
General McClellan moved quickly and decisvely to change the course of history.
( lower half of: http://memory.loc.gov/ammem/today/sep17.html )
1868-Hampton Institute founded at Hampton, Va.; coeducational; founded 1868, chartered 1870 as a normal and agricultural school; known as Hampton Institute 1930-84. Founded by Samuel Chapman Armstrong, it was among the first black colleges and also pioneered in Native American education. Hampton's library is noted for its Peabody Collection on African-American history and culture.
1868-Early in the morning, a large band of Cheyenne and Sioux stage a surprise attack on Major George A. Forsyth and a volunteer force of 50 frontiersmen in Colorado. Retreating to a small sandbar in the Arikaree River that thereafter became known as Beecher's Island, Forsyth and his men succeeded in repulsing three massed Indian charges. Thanks to the rapid fire capability of their seven-shot Spencer rifles, Forsyth's volunteers were able to kill or wound many of the Indian attackers, including the war chief Roman Nose. But as evening came and the fighting temporarily halted, Forsyth found he had 22 men either dead or wounded, and he estimated the survivors were surrounded by a force of 600 Indians. The whites faced certain annihilation unless they could somehow bring help. Two men- Jack Stilwell and Pierre Trudeau-volunteered to attempt a daring escape through the Indian lines and silently melted into the night.
The battle raged for five more days. Forsyth's effective fighting force was reduced to ten men before the Indians finally withdrew, perhaps reasoning that they had inflicted enough damage. Miles from help and lacking wagons and horses, Forsyth knew that many of his wounded would soon be dead if they didn't get help. Fortunately, on September 25, the 10th Cavalry-one of the Army's two African-American units nicknamed the "Buffalo Soldiers"- came riding to their rescue with a field ambulance and medical supplies. Miraculously, Stilwell and Trudeau had managed to make it through the Sioux and Cheyenne and bring help. Thanks to their bravery and the timely arrival of the Buffalo Soldiers, the lives of many men were saved.
1872-Phillip W. Pratt of Abington, MA was granted a patent for a sprinkler system. The system operated by means of a valve to which cords and fuses melted, the valve opened, releasing a stream of water. In 1874, Henry S. Parmelee of New Haven refined the sprinkler head with perforations, containing a valve that was held closed against water pressure by a heavy spring made of low fusing material.
1895-Birthday of drummer and bandleader William McKinney, Cynthiana, KY
1902-Birthday of trombone player Louis “Big-Eye” Nelson, New Orleans, LA.
1920- the American Professional Football Association was formed in Canton, OH.
1923- birthday Hiram King “Hank” Williams, country and western singer, born at Georgia, AL. He achieved his first major hit with “Lovesick Blues,” which brought him a contract with the Grand Ole Opry. His string of hits included “Cold, Cold Heart,” “Honky Tonk Blues,” “Jambalaya,” “Your Cheatin’ Heart,” “Take These Chains From My HearV’ and “I’ll Never Get Out of This World Alive,” which was released prior to his death Jan 1,1953, at Oak Hill, VA.
1923- pianist Ralph Sharon Birthday
1925-Brithday of organ player Jack Brother McDuff, Champaign, IL
1927-Birthday of sax player Sam Butera, New Orleans,LA
1927-Birthday of Pro Football Hall of Fame quarterback and place-kicker George Frederick Blanda, born Youngwood, PA.
1931 - RCA Victor began demonstrating a very early version of the long-playing (LP), 33-1/3 RPM phonograph record. It would be another 17 years before RCA rival Columbia would begin mass production of the LP.
1934- birthday of Maureen “little Mo” Catherine Connolly Bringer, tennis player born at Sand Diego, CA. She became the second-youngest woman to win the US National championship at Forest Hills, NY. She repeated in 1952 and won the Wimbledon, too. In 1953, she became the first woman to win the Grand Slam, taking the US, French, Australian and Wimbledon championships. After winning a second and straight French title and a third straight Wimbledon, she suffered a crushed leg in a horseback riding accident and never competed again. Died at Dallas, TX, June 21, 1969 at age 35 from cancer..
1937-Birthday of Orlando Cepeda.
1937-Artie Shaw Band records “Nightmare.”
1945-Birthday of basketball coach and player Philip D. “Phil” Jackson, Deer Lodge, MT.
1946- Woody Herman’s First Herd records “Sidewalks of Cuba”
Because of You - Tony Bennett
The Loveliest Night of the Year - Mario Lanza
Sweet Violets - Dinah Shore
Always Late (With Your Kisses) - Lefty Frizzell
1952 - Frank Sinatra sang at his final session with Mitch Miller and Columbia Records.
1953 - Ernie Banks became the first black baseball player to wear a Chicago Cubs uniform. Banks was also quick to say, “Let’s play two!” Banks was the Cubs’ outstanding shortstop from 1954 to 1960. In 1961 he was moved to left field, then to first base, where he spent the rest of his career. In 1969, Ernie Banks was voted the Cub’s best player ever by Chicago fans. ‘Mr. Cub’ retired in 1971.
1954 - Rocky Marciano retained possession of the world heavyweight boxing title. He knocked out Ezzard Charles in the eighth round of their championship bout.
1955 - "The Perry Como Show" moved to Saturday nights on NBC-TV. Soon, U.S.A. audiences would “Sing along with me ... I’m on my way to the stars...” with the incomparable Mr. C. Como’s hour-long variety show replaced his three-times-per-week, 15-minute show, which had been on the air since 1948. The new version of "The Perry Como Show" soon became Saturday’s highest-rated TV program, beating CBS competitor Jackie Gleason.
1957- “Sugarfoot” premiered on TV. My father wrote many of these
episodes. It was one of three ABC westerns produced by Warner Brothers in the late 50's. The show alternated with “Cheyenne” and “Bronco.” Will Hutchins starred as Tom (Sugarfoot) Brewster, an Easterner with designs on becoming a lawyer in the Wild West. All three shows later aired under the “Cheyenne” appellation in 1960.
Sleep Walk - Santo & Johnny
I’m Gonna Get Married - Lloyd Price
(’Til) I Kissed You - The Everly Brothers
The Three Bells - The Browns
1961 - A new team debuted in the National Football League: the Minnesota Vikings. The Vikings defeated the Chicago Bears by a score of 37-13 in the team’s first game.
1961- "Car 54 Where are You?" premiers on TV
1963- “The Fugitive” premiers. A nail-biting adventure series on ABC. Dr. Richard Kimble (David Janssen) was wrongly convicted and sentenced to death for his wife’s murder, but escaped from his captors in a train wreck. This popular program aired for four years detailing Kimble’s search for the one-armed man (Bill Raisch) who had killed his wife, Helen (Diane Brewster). In the meantime, Kimble himself was being pursued by Lieutenant Philip Gerard (Barry Morse). The final episode aired Aug 29,1967, and featured Kimble extracting a confession from the one-armed man as they struggled from the heights of a water tower in a deserted amusement park. That single episode was the highest-rated show ever broadcast until 1976. The TV series generated a hit movie in 1993 with Harrison Ford as Kimble and Oscar-winner Tommy Lee Jones as Gerard.
1964- “Bewitched” premiered on TV. This sitcom centered around blonde-haired witch Samantha Stephens (Elizabeth Montgomery). Although she promises not to use her witchcraft in her daily life, Samantha finds herself twitching her nose in many situations. Her husband, Darrin Stephens, was played by Dick York and Dick Sargent, and her daughter, Tabitha Stephens, was played by Erin and Diane Murphy. My stupid daughter named by first girl grandchild: Tabitha, after
the baby TV witch. The last episode aired July 1,1972. Other cast members included Agnes Moorhead, David White, Alice Ghosttey, Bernard Fox and Paul Lynde.
1965 – “Hogan’s Heroes” premiered on television. It was a comedy, took place in a World War II Nazi POW camp. For six years the prisoners, under the lead of Colonel Robert Hogan (played by former KNX, Los Angeles, radio air personality, Bob Crane), managed to outwit the incompetent and inept Nazi Colonel Wilhelm Klink (played very competently by Werner Klemperer [2-time Emmy-Award winner for his role]) and Nazi Sgt. Shultz (played quite deftly by John Banner) “ I know noth—ING.”.
1966- “Mission: Impossible” premiered. This action-adventure espionage series was produced by Bruce Geller, appearing on CBS for seven years. The premise of the show was simple: each week the IMF (Impossible Missions Force) leader would receive instructions on a super-secret mission to be carried out by the crew. Steven Hill played the first IMF leader, Dan Briggs. He was replaced by Peter Graves who played Jim Phelps. The crew included: Martin Landau as Rollin Hand, master of disguise, Barbara Bain, real-life wife of Landau, as Cinnamon Carter, Greg Morris as Barney Collier, technical expert, Peter Lupus as Willy Armitage, tough guy, Leonard Nimoy as Hand’s replacement, Paris, Lesley Ann Warren as Dana Lambert, Sam Elliott as Doug, Lynda Day George as Lisa Casey and Barbara Anderson as Mimi Davis. The show was remade for ABC in 1988; it lasted two seasons. The latest incarnation of “Mission: Impossible” was on the silver screen in 1996, starring Tom Cruise.
Ode to Billie Joe - Bobbie Gentry
Reflections - Diana Ross & The Supremes
Come Back When You Grow Up - Bobby Vee
My Elusive Dreams - David Houston
1970- the first African-American to win the Miss America Pageant was Cheryle Adrenne Brown of Jamaica, Queens, New York City, a sophomore at Luther College in Decorah, IA, who represented Iowa in the contest in Atlantic City.
1972- “M*A*S*H” premieres. This popular CBS series was based on the 1970 Robert Altman movie and a book by Richard Hooker. Set during the Korean War, the show aired for 11 years (lasting longer than the war). It followed the lives of doctors and nurses on the war front with both humor and pathos. The cast included: Alan Alda as Captain Benjamin Franklin “Hawkeye” Pierce, Wayne Rogers as Captain John ~Trapper John” McIntyre, McLean Stevenson as Lieutenant Colonel Henry Blake, Loretta Swit as Major Margaret “Hot Lips” Houlihan, Larry Linville as Major Frank Burns, Gary Burghoff as Corporal Walter “Radar’ O'Reilly, William Christopher as Father Francis Mulcahy, Jamie Farr as Corporal Max Klinger, Harry Morgan as Colonel Sherman Potter and Mike Farrell as Captain B.J. Hunnicut. The show won numerous awards during its run. Its final episode, “Goodbye, Farewell and Amen” was the highest-rated program of all time, topping the “Who Shot J.R.?” revelation on “Dallas.” See also: ~M*A*S*H: The Final Episode: Anniversary” (Feb 28). The show generated two spin-offs: “Trapper John, MD” and “After M*A*S*H.
Rhinestone Cowboy - Glen Campbell
At Seventeen - Janis Ian
Fame - David Bowie
Feelins’ - Conway Twitty & Loretta Lynne
1983 - Vanessa Williams, Miss New York, was crowned Miss America. Williams was the first black woman in the 62-year history of the Miss America Pageant to win the coveted title. Williams relinquished her crown during her reign when nude pictures of her were published in "Penthouse" magazine. She went on to enjoy popularity as a singer ("Dreamin’", "Save the Best for Last") and an actress ("Candyman", "Another You", "Under the Gun").
1983 - Slugger Carl Yastrzemski of the Boston Red Sox broke Hank Aaron’s major-league record for games played. ‘Yaz’ played in his 3,299th game.
Maniac - Michael Sembello
Tell Her About It - Billy Joel
The Safety Dance - Men Without Hats
Night Games - Charley Pride
1984 - The largest group of immigrants to become naturalized citizens of the U.S., 9,706 people, was sworn in by Vice-President George Bush in Miami, FL.
1984 - Oil heir Gordon P. Getty, with a fortune of $4.1 billion dollars, was named the richest person in the U.S. There were a dozen billionaires in the U.S. at the time.
1986- “Head of the Class.” This ABC sitcom was the antithesis of “Welcome Back, Kotter.” It ran for five years, depicting the travails and triumphs of brainy students in the Individual Honors Program (IHP) of New York’s Fillmore High School. One episode in 1988 was the first American prime-time program filmed entirely in the Soviet Union. Howard Hesseman starred as part-time actor and substitute teacher Charlie Moore (a man more adept at teaching life’s lessons than history). The cast also featured William G. Schilling as Principal Samuels, Jeannetta Arnette as Assistant Principal Bernadette Meara, Leslie Bega as Maria, Dan Frischman as Arvid, Robin Givens as Darlene, Khrystyne Haje as Simone, Jory Husain as Jawarharlal, Tony O’Dell as Alan, Brian Robbins as Eric, Kimberly Russell as Sarah, Dan Schneider as Dennis, Tannis Vallely as Janice, Rain Pryor as T.J., Michael DeLorenzo as Alex~ Lara Piper as Viki, De’voreaux White as Aristotle and Jonathan Ke Quan as Jasper. After Hesseman left the show in 1990, Scottish comedian Billy Connolly took over the class. The series ended with the graduation of all the characters, June 25,1991.
1991- “Home Improvement” premiered. This comedy centered around the Taylors. Tim Taylor, played by Tim Allen, was a TV host on the popular fix-it show “Tool Time.” Jill, played by Patricia Richardson, was a housewife and mother going back to school to get a degree in psychology. The couple’s three sons were played by Zachery Ty Bryan, Jonathan Taylor Thomas and Taran Noah Smith. Other cast members included Richard Kern, Earl Hindman, Debbe Dunning and Pamela Anderson. The last episode aired May 25,1999.
1986 - The New York Mets clinched their first divisional title since 1973 by defeating the Chicago Cubs 4-2. The Mets later won the World Series as well.
The Promise of a New Day - Paula Abdul
I Adore Mi Amor - Color Me Badd
Motownphilly - Boys II Men
Leap of Faith - Lionel Cartwright
1993- Los Angeles police began an investigation into child abuse allegations against Michael Jackson. The investigation began after the son of a Beverly Hills dentist told his therapist that Jackson sexually abused him. Jackson's security consultant claimed the allegations followed a failed attempt to blackmail the singer for 20 million dollars. Although no criminal charges were laid, lawyers for the 13 year-old filed a civil suit a month later claiming damages for sexual battery, seduction and other allegations. The suit was settled out of court in January 1994. Reports said Jackson paid anywhere from $5 to $24-million. During the initial uproar over the investigation, Jackson cancelled or postponed several dates on his "Dangerous" world tour, citing illness or exhaustion. He later called off the rest of the tour, saying he would undergo treatment for an addiction to pain killers. Jackson said he began taking the drugs after his scalp was burned while filming a Pepsi commercial several years earlier, and the stress over the sex abuse allegations made the addiction worse. He subsequently married several
women, and I believe claimed to have fathered two children.
1994 - "II", by Boyz II Men, debuted at number one on the "Billboard" U.S. album chart. Cuts on the LP: "Thank You", "All Around the World", "U Know", "Vibin’", "I Sit Away", "Jezzebel", "Khalil [Interlude]", "Trying Times", "I’ll Make Love to You", "On Bended Knee", "50 Candles", "Water Runs Dry", "Yesterday". "II" was #I for IV weeks.
1997- the old Canadian National train station in Liverpool, Nova Scotia was reopened as the Hank Snow Country Music Centre. Ill health prevented the 83-year-old Snow from attending the ceremony in his hometown. He had moved to Nashville in the 1950s. Snow donated two vintage cars and one of his famous rhinestone suits to the centre.