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Headlines---
Louis
B. Funston (Funkenstein) Aug 21,1945-Aug 25,2003
DVI Starts
Cutting Employees--Actual Filings
Congratulations
Kevin Guetig & Don Hazen-New CLP's
Arizona
Leasing Association in Formation
Lessors.Com
August 25-26 Conference Report
Sept.
19th-Irvine,CA Leasing Meeting
26
Paid Subscribers-Thank you, Kit
Increase
Your Security---For Free
Edmunds.com
Reports Auto Incentives Up; Sales Slower
This Border ##### Denotes Press Release (Not Written By Leasing
News)
Louis B. Funston (Funkenstein)
August 21,1945---August 25,2003
by Christopher Menkin
The obituary in the South Carolina Anderson Independent-Mail
newspaper read, “ Mr. Louis B. Funston, age 58, husband of Kathleen
Ellis Funston of 36 Bay View, Belvedere, CA, died Monday, August 25,2003
at his residence.
I had met Louis Funkenstein in the early 1970’s, introduced
him to Mac Pollack
of Key Lease in Redwood City, California, and to Russ Rickards,
then of Cenval
Leasing to eventually become Bank of the West Leasing. He
and Russ became very good friends. Steve
Crane of Bank of the West Leasing said Louis was one of their top producers.
He had visited Louis in the hospital two weeks ago where
he had gone for one of his series of treatments.
When I had met him, he had just left U.S. Leasing as a salesman.
He wanted to become a leasing broker. He chose the name Western Leasing.
At first, it was computers, then metal working machinery. Later he was to find a major niche in bakery
equipment, food processing and packaging equipment that kept him very
busy. He and I along with Mont
Gates of Utah started a California broker’s association in the late
1970’s that grew into over 60 members until the then Western Association
of Equipment Leasing decided they would allow brokers to join.
I think one of the reasons for the disbandment was we had let
funders into the group and it changed the meetings and thrust of the
organization. Louis was president for several years.
Also many of us decided to become lessors, on a limited scale,
and some on a major scale, such as A.J. Batt, then of San Mateo, California,
and Jim Harris of Oregon.
I spoke to Lou about ten days ago by telephone. His voice was raspy. He
did not want anyone to know he was sick. He had pancreatic cancer. He
thought he would arrest it. It was under one of his chemotherapy treatments
at the hospital that he caught an infection, that reportedly
cost him his
life, only a few days after he had turned 58 years old.
I ran into him at 49er games. One of his vendors had seats about six rows from
ours. He often would
take his son, Robert Louis, now in junior high school. His girl, Blake Ellis, is in the eighth grade,
I believe. Louis was very athletic.
In the seventies, ran, rode a bicycle, was in great physical
shape, played all types of sports very competitively.
I had introduced him to my late wife’s sister. They were
going to get married.
Let’s just say he was serious, and she was not. He wanted a prenuptial agreement.
She did not. He met
his present wife, Kathleen Ellis, and as I understand it, the only condition
she had was that he change his name from Funkenstein to Funston.
Lou was born in Anderson, South Carolina, and still had his
thick Southern Jewish
accent. He was a graduate
of Baylor School for Boys in Chattanooga, Tennessee and the Georgia
Institute of Technology. He was a manager of the Georgia Tech Basketball
Team. The obituary said when
he died he was coach for the Catholic Youth Organization Basketball
League of Marin County, California, and an active member of the Temple
of Israel.
He had a great sense of humor. He had a soft voice, and with his Southern Jewish
accent, he could make any joke sound funny. He could also talk you into most
anything. You knew
he was getting ready to close you when he lowered his voice,
so you had to lean closer to hear what he had to say. Sometimes
to make his
point, it would become a whisper, like he was telling you
a secret, taking
you into his confidence.
Telling a joke, his voice would get louder and louder
until the punch line. He
could orchestrate the volume, and I think sometimes
he made his accent stronger on purpose, as if add another
nuance to the
point he wanted to make.
There is no doubt he had Southern charm. You looked
forward to seeing him, visiting with him, enjoying his company.
He cared about his customers. Funding sources loved him as he not only had
very high approval rates, but got the leases signed. He was a person both
his customers and funding sources trusted. He had integrity. He made money.
He enjoyed spending time with his family. His office was not far from
his beautiful house, and when the economy turned around,
he moved the
office into his home. He
died at his residence on Monday.
The funeral was yesterday at the Old Silverbrook Cemetery,
Anderson, South Carolina officiated by rabbi James Cohn.
The family suggested that flowers be omitted and memorials
be made to the American Leasing Cancer Society, 154 Milestone way, Greenville,
SC 29615, the Hospice of the Upstate, 1835 Rogers Road, Anderson, SC
29621 or Hospice of Marin, 150 Nellen Avenue, Core Madera, California
94925
----------------------------------------------------------------------------------------------
DVI Starts Cutting Employees---Actual Filings
“DVI reportedly let go 40% of the workforce across the board
on Wednesday,
and 15% on Thursday. The word is that there may be another
list in the morning (Friday).
“You probably already have this... but I wanted to let you
know as soon as I heard...”
( name with held )
While the Chapter 11 plans calls for “working capital” and
management
of the portfolio, insider sources report that once the irregularities
are documented,
the company may not survive and be forced into Chapter 7.
It appears the
knee jerk reaction to let go employees will not only affect
sales but portfolio
performance.
Please see the List
to learn how many have made it in leasing after filing Chapter 11:
http://www.leasingnews.org/list.htm
Here are the actual
filings of DVI from the courts:
Bankruptcy Filing District of Delaware
http://two.leasingnews.org/loose_files/DVI%20Inc%20Petition.pdf
Order for wages, commissions, benefits, etc.
http://two.leasingnews.org/loose_files/First%20Day%20Wage%20Order.pdf
List of top 20 Creditors (US Bank, St.Paul,Mn $155M; Canadian
Imperial
Bank , Bahamas, $12.7M: Toshiba America Medical Systems,
Chicago, $7.9M
http://two.leasingnews.org/loose_files/List%20of%2020%20Largest%20Unsecureds.pdf
Motion of Joint Administration
http://two.leasingnews.org/loose_files/Motion%20for%20Joint%20Administration.pdf
Motion to Extend to Nov 28th.
http://two.leasingnews.org/loose_files/Motion%20for%20Joint%20Administration.pdf
OnCure Motion for Loan Proceeds
http://two.leasingnews.org/loose_files/OnCure%20Motion%20for%20Loan%20Proceeds.pdf
-----------------------------------------------------------------------------------------
please send to a colleague as we are trying to build our
readership.
--- --------------------------------------------------------------------------------
Congratulations Kevin Guetig and Don Hazen, New CLP’s
The Certified Leasing Professional Foundation is very pleased
to extend congratulations to Kevin Guetig, CLP with Wells Fargo Equipment
Finance, Inc. and Don Hazen, CLP who is with Financial Pacific Leasing
LLC. Both individuals have recently
passed the CLP Exam and received their Certified Lease Professional
designation.
The total number of Certified Lease Professionals is now
248.
For those who are actively studying for the CLP Exam, we
would like to remind you that there will be a CLP Review Class held
on Thursday, October 9th at the UAEL Conference in Portland, OR. Then on Sunday, October 12th we will be administering the exam.
Please contact Cindy Spurdle at 610/687-0213 or cindy@clpfoundation
for further details.
The CLP Foundation is the official governing body for the
Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism
in the leasing industry. This
designation identifies and recognizes individuals within the leasing
industry who have demonstrated their competency through continued education,
testing and conduct. The letters
"CLP" behind their name represent a visible recognition of
this professional achievement and status.
We invite you to visit our website -- www.clpfoundation.org
for detailed information about the CLP Foundation and the CLP Program.
For further information about our Mentor Program and Anonymous
Test Taker Program please contact:
Cynthia Spurdle
Executive Director
CLP Foundation
PH: 610/687-0213
FAX: 610/687-4111
Email: cindy@clpfoundation.org
----------------------------------------------------------------------------------------------
Arizona Leasing Association in Formation
About half of those in attendance were new faces with no
previous national affiliation, who were interested in the
local flavor of
the group, according to Pat
McCann. “ 26 people attended. There
was very good enthusiasm. It
seems like the people really
wanted a place where the Arizona people can get together and talk about common problems and what is going
on in the industry.
“ People enjoy networking with each other and funders in
a informal, “ McCann
concluded.
The next meeting
is scheduled for Nov. 13th.
Please contact Pat McCann at universal5@cox.net or Bernice Truszkowski
efl1@prodigy.net
----------------------------------------------------------------------------------------------
Lessors.Com August 25-26 Conference Report
“Semon Creates Dynasty”
by
Alan J. Zeppenfeld
It’s official, The Lessors Network has become a Dynasty.
I had a feeling all day that it had, and sure enough when I checked
with Merriam-Webster online there it was.
Dynasty, “a powerful group that maintains its position for a
considerable time”.
This 5th annual conference held August 25-26 at the Ritz Carlton in Atlanta, Georgia was
better than ever, with timely information on major topics including
outsourcing services, technology, municipal funding, mergers and acquisitions,
whose buying and selling, and the overall state of the leasing industry.
Every minute was
taken up by key information for improving or expanding business activities,
or networking with important business contacts. In fact, John Semon
actually expanded the presentations in the middle of the conference.
Three service providers
expressed an interest in presenting during the Service Providers Showcase
even though they weren’t originally scheduled. Semon announced to the twelve scheduled presenters
that if they could get their messages across in a very focused manner
and create some open time before the allotted hour ended, the other
three could have a chance to present.
Twelve hard hitting
presentations later, the three additional presenters got their chance.
Lunchtime for me was extremely informative. I sat next to Brent Abrahm from Accruit and
was fascinated to learn about like-kind exchanges. Time was short, so we are going to continue our conversation at a
later date. On the other side
of me was Asad Haroon from Liquidity Services.
Since I consider myself a pretty fair remarketer, I challenged
him on what was the oddest thing he had ever disposed of through the
Liquidation.com website. He told
me 2000 bobbleheads, 3000 tongue rings and two blind cavalry horses.
Oops, time for me to talk to Brent again.
Beth Stern Fleming from Stevens & Lee gave the lunchtime
speech on The Female Executive. Fleming
presented objective data that companies that were inclusionary of females
all the way up through the Board of Directors level were more profitable
and operated based on better decision making.
Steve Sherman from Fairview Advisors made a special presentation
on mergers and acquisitions. He
did an in depth review of the current economic environment, and then
presented details on how leasing companies can create value. Sherman stated that there were some outstanding
potential merger and acquisition candidates lurking below the Monitor
100 list.
Special Congratulations go to Maria Gum on her appointment
as president of Allied Resource Group.
Maria is well regarded in the industry and has over 22 years
as an asset manager with Copelco, AT&T Capital, CIT and now Allied. She has an in depth understanding of what lessors
need and want and plans to make the global logistics capabilities of
the company best in class including “articulate reporting”.
I cornered Dave Lakes from Dave Lakes and Associates and
asked him about how his contacts and activities in the banking area
could benefit the leasing industry.
Lakes said he saw three ways to create additional funding sources
for the leasing industry:
expanding the funding side of leasing by placing lease assets
with small community banks – these banks are experiencing large deposit
growth, but slow asset growth
putting emphasis on lease assets with internet banks – these
banks can raise funds by adjusting the interest rates on their websites,
but they don’t have the capability to originate leases and loans due
to staffing limitations. Some
are buying mortgage portfolios but the refi frenzy is running them down
faster that they can replace them
place assets with de-novo banks. These banks start with $5 - $10 million in capital, but need to acquire
earning assets until their loan portfolios build up.
Dave went to the top of my list of people to follow-up with.
Laird Boulden, President of Lombard US Equipment Finance,
gave me some great insight on the view from the top. According to Boulden, he has seen a recent uptake in business, and
most of the top executives are feeling bullish on the state of the industry.
John Semon got a lot of kudos during the meeting. Bob Fisher from Douglas-Guardian Services was
greatly impressed by the fast paced, no frills, informational approach
of the conference as is looking to emulate it in conferences that he
is involved in.
Jim Musselwhite from
Tax Partners felt that the quality over quantity approach really added
value to the conference, and while there are other forums for accessing
prospects, everyone in attendance was a qualified prospect for Tax Partners
services and the was a good mix of Monitor 100 representatives.
Jeff Sharp from ORIX
Public Finance summed it up as “ a great way to see a lot of qualified
people in one place”.
I personally enjoyed this conference immensely. I got to renew my acquaintance with Jerry Hudspeth
from Portfolio Financial Servicing Company and Richard Lewis from IntegraLease,
both friendly competitors in the portfolio servicing arena.
And best of all, our resident gray-beard Larry Smircich finally
told me what a Malvern Hill is!!!!!
Alan J. Zeppenfeld
Vice President
GlobalTech Portfolio Services
2839 Paces Ferry Road
Atlanta, GA 30339
678-816-2216
404-808-8220 Cell
800-508-GTPS Fax
azeppenfeld@globaltechfinancial.com
1. Steve Dinkelaker
- American Lease Insurance
Maria Gum - Allied
Resource Corp
http://two.leasingnews.org/imanges_uael_wael/DCP_0001.jpg
2. Beth Stern Fleming
- Stevens & Lee PC
Richard Lewis
- IntegraLease
3. Jim Musselwhite - TaxPartners
Jeff Sharp
- Orix Public Finance
http://two.leasingnews.org/imanges_uael_wael/DCP_0003.jpg
4. Warren Axelrod
- Bank of America Leasing and Capital
Kim Alder
- DeLage Landen Financial Services
Vincente D'Ingianni
III - CIT Technology Finance
Rafe Rosato
- DeLage Landen Financial Services
http://two.leasingnews.org/imanges_uael_wael/DCP_0004.jpg
5. John Semon - Lessors
Network
Barbara Savage - Lessors
Network
Steve Lundergan - Vision
Commerce, Inc.
http://two.leasingnews.org/imanges_uael_wael/DCP_0005.jpg
6. Steve Dinkelaker
- American Lease Insurance
M. Kirk Hall
- Vision Commerce, Inc.
Dave Chiurazzi - Balboa
Capital
Peter Treible
- CreditHawk
Jim Jennings
- Collateral Specialists
http://two.leasingnews.org/imanges_uael_wael/DCP_0006.jpg
More pictures are available at:
http://www.lessors.com/Events-2003/Annual/pictures-a.html
__________________________________________________________
Subject: OTTLE!!!!!
To: jaggedrock@earthlink.net
Cc: Kit Menkin kitmenkin@leasingnews.org
Terry Waggoner
Waggz tvwagg@hotmail.com\
( http://www.leasingnews.org/#pic original story )
Jeff.................. Waggz here!!!
Just spotted you at Kit's place and it is so good to know
where you are and what you've been up to.
Kit, I hired Jeff years ago to run Bell Atlantic TriCon's
Phoenix operation. He went on to become my peer and partner as Regional
V.P. for the
Mid-West. Last I knew, he was in San Diego with an S&L,
I think.
Jeff, I'm starting my 2nd year of Law School and we'll get
current later. Best news in my life is that my Son, Jeremiah, returned
from 7 months of
combat on the Afg/Paki border 2 weeks ago. He turned 21 over
there in June and is a senior machine gunner in my old outfit, the 82nd
Airborne.
Let's get current! Meanwhile, here's my photo site and you
can kind of get an idea of where I am........ still lovin' being one
of the 'Cal Nuts'.
http://www.picturetrail.com/starcruzer
After all, I live in Camarillo, former home of a state 'nut
house' that has been converted to Cal State University - Channel Islands.
Pretty much the
same thing. ;~}>
Kit, thank you so much for your wonderful site. It's a big
piece of my daily bread.
Terry Waggoner
Camarillo, CA
805-484-7513
(And I hope you will find the web site opening faster than
before. editor)
----------------------------------------------------------------------------------------------
September 19th-Irvine, California Leasing Meeting
Please join us for a MAJOR NAELB NETWORKING/EDUCATION OPPORTUNITY
to be held the evening of Friday, September 19th and all day Saturday,
September
20th at the Irvine Hilton in Irvine, California.
There will be a Meet and Mingle Reception on Friday with
fellow brokers,
funders and service providers with additional opportunities
for you to meet
at the Networking Lounge on Saturday. Also, check out the Exhibitor Room
for new and old funding sources and some great service providers.
Saturday has two dynamite workshops: Winning Leases with TValue 5 and the
California Finance Lender License - Do you need it or not?
Why?. The
General Session focuses on the theme of Be All That You Can
Be - An
invaluable look at the value you could and should provide
... to your
lessees, to your vendors, and to your funders.
I encourage you to register toady. Click on this link for complete
information about the Workshop: www.naelb.org
Be All That You Can Be.
See you in Irvine!
Sincerely,
D. Paul Nibarger, CLP
___________________________________________________________________
26 Paid Subscribers—Thank you, Kit
“You may publish this note if you want to.
I would like to personally thank you for all your time
and effort in sorting out this problem with ********t
and helping us get one of our customers his money
back.
“ I urge all Brokers and funders to subscribe
and support your publication.
“You have been a
pioneer in financial journalism
with your cutting edge stories.
All should applaud your watch on phony and
fraudulent Finance sources.
“Please tell Maria, our $59.95
subscription is on its way.
Thank you again,”
William Ross Pres. Prudential Leasing Inc.
WILLIAMROSS@sbcglobal.net
(Thank you for your support. It helps pay the legal bills. Readers
may
not know it but out of 5,000 e-mail subscribers, only 26
are paid. The actual
cost does not cover the extra time on an annual basis by
the web master to lay it out,
send, maintain the list and other administrative time.
In fact, it doesn’t
pay our California state taxes---even if you don’t make money,
they
tax you here; another reason why the votes are “angry” at
the
politicians in Sacramento. Again, I appreciate your support. editor )
_______________________________________________________________
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---
----------------------------------------------------------------------------------------------
Inside the Internet
Increase Your Security---For
Free
www.elementkjournals.com
suggests Microsoft Windows users utilize
all the security features in Microsoft Internet Explorer
6.
Microsoft considers these “advanced features” that may
also have convenience to users, so gives you the choice
of saying “yes” or “no.”
In Explorer click on “Tools,” then scroll to “Internet Options,”
got
to “Advanced.” Open
this, and then in “Advanced,”
scroll to
security.
Not numbered, but the third, fourth, and fifth commands should
be activated. See
this illustration:
http://two.leasingnews.org/images/Internet_Options.jpg
Check the box for:
Check for signatures on downloaded programs
Do Not save encrypted papers to disk
Empty Temporary Internet Files folder when browser is closed.
Then hit apply.
The third will help restrict viruses from downloading into
your computer
from the browser by not letting any “unsigned” document enter
your computer. Most
worms and viruses are not “signed” by
the sender as it can be traced back to them.
The fourth one may affect your ability in a secure site for
it to
recognize your credit card number. However, a hacker can
obtain this information from your computer and/or worm
may utilize it. Perhaps
more important, if your computer is left on, others with knowledge can
go to this file and copy your credit card and password and
other information easily from your computer. The inconvenience
of re-inputting your credit card number and password might
be worth the effort especially if others have access to your computer.
Cache may be necessary if you have slow access to the website.
Often when you visit a site, sometimes you are not seeing
the
latest “edition.” More
importantly, from a security standpoint,
you entire history can be visible to those who have access
to your computer, tracing information, and may be hacked
for people to steal identity and other information about
you.
This also cleans out your cache when your turn off your
browser ( if you go
to a site often, the cache may speed
up the process, but in this day and age of faster speeds,
this is not a very important feature today.(
------------------------------------------------------------------------------------------
#### Press Release #############################################
Edmunds.com Reports Automakers' True Cost of Incentives
Up; Sales Slower
SANTA MONICA, Calif., --
Edmunds.com (http://www.edmunds.com), the premier online resource for
automotive information, reported today that the average manufacturer
incentive per vehicle sold in the United States was $2,668 in July 2003,
up $519 or 24.2% from July 2002 and up 1.7% from June 2003.
Industry average days-to-turn, which measures how many days on
average it takes to sell a vehicle after it hits the dealer's lot, reached
a record level in July at 73 days, up significantly from last July's
average of 60 days.
Edmunds.com's monthly True Cost of Incentives(SM) (TCI(SM))
report takes into account all of the manufacturers' various United States
incentives programs, including subvented interest rates and lease programs
as well as cash rebates to consumers and dealers. To ensure the greatest possible accuracy, Edmunds.com
bases its calculations on sales volume, including the mix of vehicle
makes and models for each month, as well as on the proportion of vehicles
for which each type of incentive was used.
Incentives spending for domestic Chrysler, Ford and General
Motors nameplates hit a record high of $3,631 per unit in incentives
in July, compared to $1,873 for European automakers, $1,447 for Korean
automakers, and $1,075 for Japanese automakers.
Of the domestics, only Chrysler reduced incentives spending
in July, down 9.2% from June to $3,172 per unit, while its market share
decreased to its lowest level since August 2001, 11.8%, which was down
by 1.7% from the prior month. Ford's
incentives spending went up by 3.8% to $3,377 per unit in July while
its market share decreased to 18.1%, one of its lowest levels in the
last several years. In July,
General Motors raised its incentives spending by 7% to $3,969 per unit,
while increasing its market share by 1.2% to 29.7%.
"Almost the entire market share lost by the domestic
manufacturers within the last year was captured by the Japanese automakers,
while incentives on domestic vehicles have consistently been three times
those offered on Japanese nameplates," stated Dr. Jane Liu, Executive
Director of Data Analysis for Edmunds.com.
Among vehicle segment, large SUVs had the highest average
incentives this month at $4,045, followed by large cars at $3,595 and
large trucks at $3,459. Sports cars had the lowest average incentives
at $1,263, followed by luxury SUVs at $1,525 and luxury sports cars
at $1,797. Large trucks have gained the most market share
since July 2002, up 3.2% to 14.5%, while midsize cars have lost the
most market share during that period, down 3.3% to 15.7%.
About Edmunds.com True Cost of Incentives(SM) (TCI(SM))
Edmunds.com's TCI(SM) is a comprehensive monthly report that
measures automobile manufacturers' cost of incentives on vehicles sold
in the United States. These costs
are reported on a per vehicle basis for the industry as a whole, for
each manufacturer, for each make sold by each manufacturer and for each
model of each make. TCI covers
all aspects of manufacturers' various incentives programs (except volume
and similar bonus programs), including dealer cash, manufacturer rebates
and consumer savings from subvented APR and lease programs (including
subvented lease residual values used in manufacturer leasing programs).
Data for the industry, the manufacturers and the makes are derived
using weighted averages and are based on actual monthly sales and financing
activity.
About Edmunds.com, Inc.
Edmunds.com (http://www.edmunds.com)
is the premier online resource for automotive information.
Its comprehensive set of data, tools and services, including
Edmunds.com True Market Value(R) pricing, is generated by Edmunds Data
Services and is licensed to third parties.
For example, the company supplies over 800,000 pages of content
for NYTimes.com's auto section and delivers monthly data reports to
Morgan Stanley. Edmunds.com was named "best car research"
site by Forbes ASAP, is viewed by consumers as the "most useful
Web site" according to the J.D. Power and Associates New Autoshopper.com
Studies(SM) for both 2001 and 2002, and was ranked first in the Survey
of Car-Shopping Web Sites as reported by The Wall Street Journal. The company is headquartered in Santa Monica,
California and maintains a satellite office in Troy, Michigan.
SOURCE Edmunds.com
CO: Edmunds.com; Edmunds.com,
Inc.
ST: California, Michigan
SU: SVY
Web site: http://www.edmunds.com
### Press Release ###########################################
---------------------------------------------------------------------------------
News
Briefs---
Economy
Grew At 3.1% Rate In 2nd Quarter
War
Spending Gave Recovery a Boost
http://www.washingtonpost.com/wp-dyn/articles/A61578-2003Aug28.html
Silicon
Graphics cuts 600 more jobs in latest restructuring
http://www.signonsandiego.com/news/business/20030828-0133-ca-silicongraphics-cuts.html
Deadline
for first do-not-call list is Sunday
http://www.ajc.com/business/content/business/0803/28nocall.html
Sad
to See Summer End? Travel Industry Is, Too
http://www.nytimes.com/2003/08/29/business/29TRAV.html
One
in Five Drinks Wine in Box
http://www.nytimes.com/2003/08/27/dining/27WINE.html
Sports
Briefs---
Breakdowns
lead to blowout/ Raiders torched by Dallas
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/08/29/RAIDERS.TMP&nl=top
Lions
RB Stewart Separates Shoulder
http://www.theredzone.org/news/showarticle.asp?ArticleID=279
California
Nuts Briefs----
Actor
takes positions on medical pot, gun control
Schwarzenegger
sticks close to political center
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/08/28/MN302916.DTL
Bustamante
wants regulation of gas market
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2003/08/29/CRUZ.TMP
Conservative
optimistic despite polls
McClintock
isn't enamored with idea he ought to withdraw
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/08/28/MN70430.DTL
1786-
Daniel Shays, veteran of the battles of Lexington, Bunker Hill, Ticonderoga
and Saratoga, was one of the leaders of more than 1,000 rebels who sought
redress of grievances during the depression days of 1786—87. He began
organizing his followers with speeches this day. They prevented general
court sessions and on Sept 26 they prevented Supreme Court sessions
at Springfield, MA. On Jan 25, 1787, with 1100 men, they attacked the
federal arsenal at Springfield; Feb 2, Shays’s troops were routed and
fled. Shays was sentenced to death but pardoned June 13, 1788.The uprising
had been caused by the harsh economic conditions faced by Massachusetts
farmers, who sought reforms and the issuance of paper money. Shay later
he received a small pension for services in the American Revolution.
http://www.shaysnet.com/dshays.html
1809-Birthday
of Oliver Wendell Holmes, physician and author, father of Supreme Court
justice Oliver Wendell Holmes, born at Cambridge, MA. Died at Boston,
MA, Oct. 8,1894. “ A moment’s insight, “
he wrote, “ is sometimes worth a life’s experience.”.
http://www.arlingtoncemetery.com/owholmes.htm
http://www.eldritchpress.org/owh/owhhes.html
1815-
Anna Ella Carroll birthday, writer and publicist for Union cause during
the Civil War. She is best known for her pamphlet which outlined the
proposition that the Southern states would resume their original places
in the United States once the rebellion of the Civil War was over, precisely
the course adopted by Abraham Lincoln in superseding Congress in the
conduct of the war. She is credited with the plan to invade the
South along the Tennessee river. Her
tombstone reads "Maryland's Most Distinguished Lady." However,
she died financially poor and anonymous in 1893.
http://www.mdarchives.state.md.us/msa/educ/exhibits/womenshall/html/carroll.html