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SALES: Seeking energetic, self motivated sales pro, nationwide opportunities, equipment/ transportation leasing and financing (buses, livery, limousines, ambulances, paratransit, funeral vehicles). Direct experience helpful/ not required. We are willing to train the right person. Moderate travel /extensive phone work required. Highest commissions paid in the industry. Fax or email resume to 718-392-5427 or dcoolbaugh@advantagefunding.us

About the Company: Advantage Funding is a leading commercial and consumer vehicle and equipment financing and leasing company, Long Island City, NY.

www.advantagefund.com

Tuesday, June 14, 2005

Headlines---

Correction: Rudy Trebels is standing to the right
    Classified Ads---Asset Mngtmt./Back Office
        FBI Investigating DVI officers
            MA court dismisses all NorVergence Leases
ELA/President's Advisory Panel on Tax Reform"
    Cartoon---
        Lessors August Conference
            Leasing Association Conferences-Fall
Classified Ads--Help Wanted
    Experian-Scorex Announces New Credit Simulation Tool
        CalFirst Bancorp Announces Fourth Quarter Dividend
News Briefs---
    California Nuts Brief----
        "Gimme that Wine"
            Today's Top Event in History
                This Day in American History
Baseball Poem---Carol P, Yankee Poet Laureate (self-proclaimed)

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

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Correction: Rudy Trebels is standing to the right:

“Let me correct the position of the names in the IFC picture. Standing left to right: Rudy Trebles, Patrick Watoski

“The best to you and your family,”
Jim
James F. Murray
Director, Sales & Marketing
www.arrowcapital.net
408-961-8950

(The picture and caption came from the 1996 United Association of Equipment Leasing magazine, which we have run before. Gary Trebels and I are friends and talk by e-mail, and he never mentioned it to me, nor did anyone else. Thank you. Editor)

Standing left to right: Rudy Trebels, Patrick Watoski
Seated: Scott Kreissl, Dale Volkamer, CLP, Gary Trebels, CLP

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Classified Ads---Outsourcing: Asset Management/Back Office

Asset Management

Boston, MA .
Appraisals, re-marketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.
Call Chris @ 508-785-1277
E-mail: chris@dovermanagementgroup.com

Nationwide
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.
http://www.i-collateral.com
Email: mark@i-collateral.com

Oxnard-Hollywood Beach, CA.
20 Years Exp. w/Equity Analysis/Placement- Residual Forecasting Methodologies Computer Equipment Assets. Portfolio Mgr. Two Major Leasing Companies/Strong Analyst Background w/Leading Info Services Firm.
E-mail: GregoryMLorenz@aol.com

Back Office

Atlanta , GA .
GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216
E-mail: azeppenfeld@globaltechfinancial.com

Atlanta, GA .
Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E-mail: sales@taxpartners.com

Dallas, TX.
Property Tax and sales and use tax administration services performance is guaranteed and we will save you time and money or our service is free.
E-mail: info@osgsolutions.com

Indianapolis, IN
JDR Solutions, LLC specializes in delivering customized back-office lease portfolio admin./ASP services for lessors, banks, manufacturer captives: other financial institutions.
Paul Henkel (317) 251-5352 ex. 7201
E-mail: paul.henkel@jdrsol.com

Jacksonville, FL.
CIT's Portfolio Service Group: providing cost-effective lease/portfolio services: Accounting, Tax Reporting, Collection svc, End of Lease Solutions, Front End Documentation, Invoicing, and on-line reporting
E-mail: vincente.dingianni@cit.com

Laughlin, NV .
20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved.
E-mail: batarista@laughlin.net

New Rochelle, NY
Proactive management/administration of commercial/consumer vehicle lease/finance portfolios covering insurance, titles, registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975
E-mail: Barrett@BarrettCapital.com

Northbrook, IL
Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc.
E-mail: ngeary@edwinsigel.com

San Rafael, CA
We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
E-mail: gmartinez@phxa.com

Full Listing of all Classified As—Outsouring:

http://64.125.68.91/AL/LeasingNews/JobPostingsOutsourcing.htm

There are “free” listings to those who service the equipment leasing industry:

http://64.125.68.91/AL/LeasingNews/PostingFormOutsourcing.asp

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FBI Investigating DVI Officers

Creditors have been asking for an examination of loans, personal payments, and other costs in the DVI bankruptcy filings. Recent fundings of leases 90 days before the filing have been reviewed, with brokers being asked to return commissions. The Federal Bureau of Investigation is also looking into the alleged criminal financial irregulators.

On May 31, United States District Judge Legrome Davis suspended all the civil lawsuits against former officers and directors of DVI Inc. for 120 days, "pending completion of the ongoing investigation" by the Justice Department.

Last week the U.S. Attorney's Office in Philadelphia had asked for the stay so the FBI could interview principals in the case before they were questioned under oath in the civil cases, the Philadelphia Inquirer reported.

"It is a case we are working with the U.S. Postal Service," Jerri Williams, an FBI special agent in Philadelphia said to Philly.com. Leasing News has reported on other cases by leasing

brokers, and also cases involving NorVergence and RW Professional, as Postal inspectors investigate fraud committed by mail.

The firm is in liquidation. It is the nation's 13th largest bankruptcy in 2003.

An examiner appointed by the Bankruptcy Court reported last year that the company hid bad loans on its books in "almost comical proportions," and used "desperate and illegal" methods to borrow money from its banks.

The examiner said Steven Garfinkel, the company's former chief financial officer, told him that the company pledged the same loans as collateral to multiple lenders.

The report said DVI's chief executive officer, Michael O'Hanlon, pressured the company to meet investors' expectations of growth.

To view previous stories on DVI, please go to:
http://www.leasingnews.org/Conscious-Top%20Stories/DVI-more.htm

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Massachusetts court dismisses all NorVergence Leases

by Christopher Menkin

Last week Massachusetts Attorney General Tom Reilly also received a default judgment along with the states of Illinois and Texas to void all NorVergence leases in their respective states, primarily because the NorVergence bankruptcy referee was a no show. (A copy of the judgment is at the end of this article)

Massachusetts Attorney General Tom Reilly

It appears the Federal Trade Commission is getting the same reaction in their refilling, as reported by Randy Brooks, as on May 3 rd he asked for a default judgment, which would affect all states, and so far there has been no response from the Bankruptcy court on a response. Most likely the reaction will follow the three states of Illinois, Massachusetts and Texas; there will be a “no show,” so an automatic judgment will stay.

Generally a court gives the defendant 30 days to appeal for the reason of sudden illness, car accident or another legitimate reason. In this situation, New Jersey Chief Judge Rosemary Gambardella most likely does not see the costs in her budget, nor does she have the manpower, plus most likely has her hands full juggling all the claims and attorneys in this “fish bowl” case. And it isn't a “community aquarium.”

As a judge, she also may believe the matters should be before her jurisdiction and not in Illinois, Massachusetts, or Texas.

The actions seem to complicate matters as the receiver for the NorVergence bankruptcy is the one who finds assets and then divides them among creditors.  There also is the issue of the various telephone companies involved in the bankruptcy and their relationship with the leases. Reportedly there are several legal preparations underway, some involving claims by those involved in the bankruptcy proceedings in New Jersey.

Leasing News is not aware of any appeal on the rulings or what the various leasing companies are doing in response, especially those who have not made a settlement with the attorney general.

The ruling is definitely beneficial to NorVergence lessees as it may put cases into limbo, or extension of time, and most importantly, puts pressure on the leasing companies who have not settled with the 22 attorney generals to think about the costs now involved with all the various jurisdictions, courts, attorneys, and this is getting more expensive for them as a plaintiff.

GE Capital, then CIT and USbancorp got out of this early, seeing the hand writing on the wall. The smaller players at first said they settled because they had the money.

The real reason: they had the smarts to see what was going to happen if they choose another road.

To those leasing companies who have not settled, the AGs have the subpoena power to go into the leasing companies in their states and start hunting for documents, records, interviewing employees, and really putting pressure on. When they do that, they will be asking for penalties and expenses to go to this trouble, in addition to settlements. This is not going away, gentlemen and ladies.

In putting together the “model” regarding the probable litigation costs for NorVergence lessees last week,

http://www.leasingnews.org/Conscious-Top%20Stories/
Settlement_Vs_litigation.htm

none of the major (large) law firms wanted to participate.

One of the requirements may have been not being involved in any of the cases, but that point was never reached as they obviously very adversarial about the attorneys general settlements--- which they viewed as “political” and not “legal” precedent setting judgments.

The attorneys who did not want to participate in discussing the costs of litigation versus the AG's settlements also seemed to follow the Equipment Leasing Association (ELA) stand on the matter: “hell and high water contract.”

One senior attorney, who said his firm was not representing any leasing company on the matter, seem to say the ELA “white paper” was weak. While that may have not been the actual word he used, as he was speaking in legalese, meaning it was not as criticism, but he was not happy with it and I got the impression the subject was brought up at the recent ELA legal committee meeting.

He didn't want to say much about it. His concern was it goes back to the basic intention: the leasing companies do not choose equipment, its fitness or warranty, and the leasing contract relies on the lessee making the payments to choose the equipment, its fitness, and to enforce any warranties, which is the crux and purpose of the contract. He believed the fundamental reason for the contract was becoming more a “political” issue rather than a “legal” issue.

With all the entities involved, the many sides to this controversy, it certainly appears that there will be appeals with various jurisdictions across the United States for those who have not either offer a settlement to their lessee and to those lessees who do not want to accept the settlements. This is another example of how the internet with its “blogs” and e-mail communication is changing business as we know it.

One thing for sure, the situation is getting both more complicated, and more expensive to litigate the position on these contracts. Often courts award neither side the other's legal expenses or court costs.

The NorVergence “equipment rental contracts” are having a profound influence on the leasing industry legal community. Something not said earlier, if these lessees had had a leasing broker represent them, number one many of the things not included in the contract would have been discovered much earlier, and two, the leasing companies look much more closely on broker submissions than how they get business anywhere else.

There also appear to be a lowering of dollar amounts for “site inspection with pictures.” The general cost for such service is generally around $125 and was more commonly used on transactions over $100,000. It is now at the $50,000 mark, and many are considering it for smaller dollar amounts, as the fee is passed on to the lessee.

It should also be noted the Equipment Leasing Association, the leader in the industry, has announced "ELA Launches Legal ListServe" for its members:

“On May 15, 2005--the first day of the 2005 ELA Legal Forum in Miami Beach--the association launched its first-ever legal discussion group, ELALegalTalk.

“ELALegalTalk is an e-mail discussion group for the exchange of views and comments on legal subjects. Although it was created for use by attorneys, this new electronic discussion group may be read by and may include questions or comments posted by business executives, officials responsible for administering their companies' legal compliance programs and others.

“Participation in this listserve is subject to the Participation Rules for all ELA e-mail listserve discussion groups. Participation in ELALegalTalk is also subject to the express understanding that the Discussion Group is for informational purposes only and does not constitute the rendering of legal, financial, or other professional advice or opinions by ELA or by the participants in this Discussion Group.”

Copy of Massachusett's Court judgment:
http://www.leasingnews.org/PDF/NorVergence_Default_Judgment.pdf

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"ELA Submits Comments to the President's Advisory Panel on Tax Reform"

ELTnews

On June 9, ELA submitted public comments to the President's Advisory Panel on Tax Reform. This bipartisan panel is tasked with making recommendations to the President by July 31, 2005 on how to reform the federal income tax code.

From an econometric standpoint, the equipment leasing industry provides $218 billion annually in equipment leasing and financing and holds $870 billion in equipment related assets. From 1997-2002, the equipment leasing and finance industry produced an additional $100-300 billion in gross domestic products while adding an additional $229 billion in equipment investment and creating between 3-5 million additional jobs. This econometric data for the industry is the most recent available as updated numbers should be available later this year.

In the comment letter, ELA outlined the industry's key policy objectives and principles for federal tax reform. Specifically, ELA supports tax reform policies that:

• Promote investment in productive assets

• Insure maximum flexibility of financing options for asset acquisitions and business expansion

• Apply the rules equally to owner-lessors and owner users

• Promote the global competitiveness of U.S. companies

The comment letter points out that for the U.S. to have an efficient capital market it must have a diverse breadth and depth of capital. Leasing capital is distinguishable from and has a very different risk profile than either debt capital or business equity capital. The availability of all three types of capital allows businesses to better choose which risks to retain, which risks to transfer and which risks to share. This in turn makes the capital markets more efficient overall as a result. Finally, leasing is a critical tool that allows businesses to better manage their portfolio of business assets and guards against the obsolescence of equipment.

 

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The Lessors Network Annual Showcase
August 24-25 | The Ritz-Carlton, Buckhead | Atlanta, GA

Roundtable: Norvergence - What Have We Learned?

What have lessors learned from the collapse of Norvergence, Inc.? Panelists will address relevant facts about the Norvergence debacle, the history and role of critical legal principles embodied in traditional lease procedures and the prospect of legislative oversight of the equipment leasing industry.



Howard Mulligan
Partner
McDermott Will & Emery LLP

Howard Mulligan is a partner in the law firm of McDermott Will & Emery LLP based in the Firm’s New York office. Howard is a member of the Firm’s Corporate Department, where his practice focuses on a wide range of securitizations and structured finance transactions involving commercial mortgages, residential mortgages, auto loans and leases, utility receivables, stranded costs, synthetic products (including interest rate and credit default swaps), trade receivables, franchise loans, health care receivables, commercial paper conduits, bank loans, bond obligations (including cash flow and market value transactions), insurance related products and equipment and operating leases. He also has experience in insolvency matters, workouts and restructurings of debt, debtor-in-possession financings, and the securitization of receivables of reorganized companies emerging from bankruptcy cases. Howard is a frequent panelist at asset-backed industry conferences.

While at the University of Notre Dame Law School, Howard was the Executive Editor of The Notre Dame Law Review.



McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1000 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C.

Our firm has 70 years of experience serving a broad range of client interests. We understand the issues faced by corporate decision makers because many of our lawyers have held key government and in-house positions. We understand how economic, social and political issues affect operations because our lawyers have navigated the complex business and regulatory environment themselves.

Outstanding client service is a cornerstone of our practice that has withstood the test of geography, economy and time. We are proud of the recognition we have received from our clients for our commitment to service, and we value their satisfaction as the best measure of our success.

 

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Leasing Association Conferences—Fall, 2005

Eastern Association of Equipment Lessors
September 19th, Teaneck, New Jersey

------------------------------------------

National Assocation of Equiment Leasing Brokers
joins with Eastern Association of Equipment
Lessors for Fall Expo 2005
September 19th, Teaneck, New Jersey

-----------------------------------------

United Association of Equipment Leasing
September 22-25, Lake Tahoe, California

for more information, please go here:

-----------------------------------------

Equipment Leasing Association
October 23-24
44th Annual Convention
Boca Raton Resort & Club
Boca Raton, Florida

"If you ever really could "build it and they will come", that day is long gone. If you build it today, "they"--customers, investors, parent company and employees had better see value in every facet. Lessors must use their skills and resources to create value. Whether it's through product positioning and pricing, risk and asset management, or finding opportunities in a new regulatory environment, the value you create in greater knowledge, convenience or speed will differentiate your company, generate higher returns and assure growth."

Be at the 44th ELA Annual Convention to learn just how you can do this! Registration and Hotel Information will be available soon!

---------------------------------------


Association of Government Leasing & Finance
November 9, 2005
Dana Point, California

 

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Classified Ads---Help Wanted


Account Representatives & Sales Coaches are needed in Oklahoma City, OK, Nashville, TN & Austin, TX locations with exp. in finance and sales with a successful track record of sales leasing. Positions are available for remote Account Executives with 8+ yrs Equipment Leasing Sales exp.  Work directly with CFOs, CIOs, CEOs and other high-level executives.  Please send resume indicating position of interest and location to: US_DFS_Staffing@dell.com.

About the Company: At Dell Financial Services, we aspire to fuel your potential with the kind of challenging opportunities and hands-on support you need to grow.  We're the exclusive provider of leasing and finance services for Dell technology systems worldwide.

www.dellfinancialservices.com

Sales / Sales Support

SALES: Seeking energetic, self motivated sales pro, nationwide opportunities, equipment/ transportation leasing and financing (buses, livery, limousines, ambulances, paratransit, funeral vehicles). Direct experience helpful/ not required. We are willing to train the right person. Moderate travel /extensive phone work required. Highest commissions paid in the industry. Fax or email resume to 718-392-5427 or dcoolbaugh@advantagefunding.us

About the Company: Advantage Funding is a leading commercial and consumer vehicle and equipment financing and leasing company, Long Island City, NY.

www.advantagefund.com

 

SFBI Recruiters

Need:
- Sales Support Specialist in NE Atlanta.
- Small Ticket Leasing Specialist with “deals   on desk” North East.
- Small Ticket Leasing Specialists A+B Paper   any equipment type nationally.

Contact: Fred St Laurent, Managing Director
Email: Fred@sfbirecruiter.com

www.sfbirecruiter.com

 

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

Experian-Scorex Announces New Credit Simulation Tool

COSTA MESA, Calif., - Experian-Scorex, the global decision solutions business of Experian(R), today announced the release of ScoreRight(TM), a new credit score simulation tool designed to help lenders and brokers close more loans and offer consumers the most competitive interest rates available. Powered by the Experian-Scorex developed Scorex PLUS(SM) score, ScoreRight provides the resources necessary to assist loan applicants in understanding how specific credit-related actions can affect their overall credit scores.

"In today's highly competitive lending market, ScoreRight offers a sophisticated way for our clients to differentiate themselves with a more customer-focused approach," said Walt Ramsey, president, Experian-Scorex North America. "It's our mission to provide organizations around the world with innovative tools to help them manage their customer relationships and make better lending decisions. We developed ScoreRight to provide lenders and brokers with the risk score information they need to maximize the efficiency of their business processes."

ScoreRight is the only tool that provides lenders with a side-by-side comparison of an applicant's credit information from all three credit reporting agencies. Using an applicant's own credit data, ScoreRight gives users a very detailed, tradeline level view of account information. With this information, lenders can simulate specific credit-related actions across all three credit reports. These simulations are then used to help the consumer better understand their current score, and enable them to gain perspective on how their purchasing and financial decisions can affect their overall credit health.

Utilizing artificial intelligence, ScoreRight improves lenders' operational efficiencies by automating the manual process of scanning raw credit data. The simulation tool automatically compares an applicant's credit data across all three credit reporting agencies to check for discrepancies and areas that might adversely affect the credit score. Lenders can then use ScoreRight to illustrate how specific credit-related actions can affect a consumer's credit score.

By utilizing ScoreRight, lenders and brokers will be able to: * Help consumers understand their credit score and educate them on the factors that make up the score. * Illustrate how applying for credit, refinancing, opening accounts, missing payments, consolidating debt, transferring balances and more, can affect a consumer's credit score. * Add value to customer relationships, while increasing customer loyalty and retention. * Improve operational efficiencies by automatically comparing credit data across all three credit reporting agencies to check for discrepancies, and then help to prioritize the resolution of disputes.

For more information about ScoreRight, call 888 894 4695 or visit the company's Web site at www.experian.com/products/score_right.html.

About Experian-Scorex

Experian-Scorex is a global leader of decision support solutions, delivering billions of customer decisions annually for clients in more than 60 countries. By integrating predictive analytics, decision support technologies and strategy optimization, Experian-Scorex provides solutions that enrich customer data and allow organizations around the world to proactively manage their relationships with their clients. Used across the entire customer life cycle, Experian-Scorex' solutions enable organizations to manage and control credit risk and fraud, reduce operational costs and increase overall profitability. Experian-Scorex works closely with clients across diverse industries, including financial services, telecommunications, retail, leasing, automotive, insurance and utilities.

As part of the global Experian organization, Experian-Scorex maintains connectivity with more than 70 credit bureaus worldwide. Additionally, with 30 offices around the world, it is uniquely qualified to support local, national, regional and global businesses.

Its global headquarters are in Nottingham, UK, Monaco, and Costa Mesa, CA, USA. For more information, visit the company's Web site on www.experian-scorex.com.

Experian-Scorex is an Experian(R) company. Experian's 12,000 people support clients in more than 60 countries and annual sales exceed $2.5 billion. For more information, visit the company's Web site on www.experian.com.

Contact: Roslyn Whitehurst Experian Public Relations

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

CalFirst Bancorp Announces Fourth Quarter Dividend

IRVINE, Calif.----The Board of Directors of California First National Bancorp (NASDAQ:CFNB) declared a quarterly cash dividend in the amount of 10 cents ($.10) per share. The dividend will be payable on July 8, 2005, to all stockholders of record at the close of business on June 24, 2005.

California First National Bancorp is a diversified financial services company with two primary businesses - leasing of high-technology capital assets to businesses and organizations nationwide, and banking through an FDIC-insured national bank.

California First National Bancorp, Irvine S. Leslie Jewett, 800-496-4640 ljewett@CalFirstBancorp.com

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

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Your One stop solution for training and reference material for the Leasing Professional


Visit our website by clickng on the logo above

122-A Foothill Blvd., Arcadia, CA. 91006
Voice 626-305-1053 . Fax 626-305-0019 .
ted@cclease.com

News Briefs----

BancWest to buy Midwestern thrift
http://hosted.ap.org/dynamic/stories/B/BANCWEST_COMMERCIAL
_FEDERAL?SITE=MOSTP&SECTION=BUSINESS

Jurors' Note in Tyco Trial Hints Verdict May Be Near
http://www.nytimes.com/2005/06/10/business/10tyco.html

Stanford: After traditional Commencement antics, Jobs imparts straightforward advice
http://news-service.stanford.edu/news/2005/june15/grad-061505.html

Appeals court: Borders must pay Calif. tax on online sales
http://www.signonsandiego.com/news/business/
20050613-1712-ca-borders-internettaxes.html

Strength of the housing market can cut two ways
(note: subprime market: 18.8%) 69% own Homes in U.S.
http://www.usatoday.com/money/perfi/housing/
2005-06-14-housing-charts.htm

Californians taking big risks to buy homes, report warns
http://www.signonsandiego.com/news/business/
20050613-9999-1n13harvard.html

An onslaught of regulatory and accounting changes will give securitization-market players plenty to talk about at Information Management Network's industry conference in Barcelona next week
http://www.absnet.net/include/showfreearticle.asp?file=
/headlines/aba3.htm

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California Nuts Brief----

Battle for Capitol -- governor's big test

Three initiatives are his bid to alter government
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/06/14/ELECTION.TMP

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“Gimme that Wine”

Born-Again Bordeaux: Marguax
http://www.winemag.com/issues/june05/margaux.htm

$42 million OK'd for sharpshooter fight
http://www1.pressdemocrat.com/apps/pbcs.dll/article?AID=/20050611/
NEWS/506110379/1036/BUSINESS

Wines, vines generate $9.5 billion in Napa County/4% California
http://www.napanews.com/templates/index.cfm?template=story_full
&id=B46ABECA-F8A5-4C55-B84A-09C2F4BCF2FD

Book review: The Emperor of Wine: The Rise of Robert M Parker Jr and the Reign of American Taste
http://www.decanter.com/news/64800.html

---------------------------------------------------------------

Today's Top Event in History

National Flag Day

According to the encyclopedia of American Facts and Dates, the somewhat obscure and uncertain history of the American Fag began during 1775-1777.

In October, 1775, when Congress created the first naval force, it also set down rules for creation of a flag. The result, variously called Congress Colors, the Grand Union Flag, or the First Navy Ensign, was a flag of 13 alternating red and white stripes, with a field of blue bearing the crosses of St. George and St. Andrew. This flag is believed to be the one raised by Lt. John Paul Jones aboard Commodore Esek Hopkin's flagship Alfred on the Delaware River at Philadelphia on December 3, 1775.

The first land raising of the Grand Union Flag occurred at Prospect Hill in Sommerville, Mass. on December 3, 1776, during the American siege of Boston. By the way, “ the first flag commissioned for the navy was simply the basic British Union flag divided by white stripes. Our second flag, the Stars and Strips, substituted stars for the cross in the corner square.

The red, white, and blue colors were derivative. They did not, as some allege, come out of Washington's family crest. And they do not mean anything. Contrary to the ‘Boy Scout Handbook,' the blue in the flag does not represent justice, the white is not for purity, and the red is not for braver.” ( Shenkman, “ Legends, Lies & Cherished Myths of American History(1988)

Another myth is that she sewed the flag personally, which is basically not correct. She was a contractor who hired seamstresses to sew sails and flags for ships and had the lowest bid to Congress for the flag ( and her firm also made the flag that Francis Scott Key wrote about---it was quite large and the commander of the fort had some controversy over the cost and the size of the flag---but that is another story ).
http://memory.loc.gov/ammem/today/jun14.html

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This Day in American History

National Flag Day

According to the encyclopedia of American Facts and Dates, the somewhat obscure and uncertain history of the American Fag began during 1775-1777. In October, 1775, when Congress created the first naval force, it also set down rules for creation of a flag. The result, variously called Congress Colors, the Grand Union Flag, or the First Navy Ensign, was a flag of 13 alternating red and white stripes, with a field of blue bearing the crosses of St. George and St. Andrew. This flag is believed to be the one raised by Lt. John Paul Jones aboard Commodore Esek Hopkin's flagship Alfred on the Delaware River at Philadelphia on December 3, 1775. The first land raising of the Grand Union Flag occurred at Prospect Hill in Sommerville, Mass. on December 3, 1776, during the American siege of Boston. By the way, “ the first flag commissioned for the navy was simply the basic British Union flag divided by white stripes. Our second flag, the Stars and Strips, substituted stars for the cross in the corner square. The red, white, and blue colors were derivative. They did not, as some allege, come out of Washington's family crest. And they do not mean anything. Contrary to the ‘Boy Scout Handbook,' the blue in the flag does not represent justice, the white is not for purity, and the red is not for braver.” ( Shenkman, “ Legends, Lies & Cherished Myths of American History(1988)



Another myth is that she sewed the flag personally, which is basically not correct. She was a contractor who hired seamstresses to sew sails and flags for ships and had the lowest bid to Congress for the flag ( and her firm also made the flag that Francis Scott Key wrote about---it was quite large and the commander of the fort had some controversy over the cost and the size of the flag---but that is another story ).
http://memory.loc.gov/ammem/today/jun14.html
June 14-16—Minnesota Inventors, Congress
http://www.invent1.org/
To promote creativity and development of ideas into marketable products, to educate inventors and to bring the inventor to experts in the appropriate field---highlights include more than 170 inventions from around the world on display, 100 student inventors, the Minnesota Inventors Hall of Fame and the Marketplace with inventions for sale.
    1775- the Continental Congress established the army as the first US Military service.
    1777- John Adams introduced the following resolution before the Continental Congress, meeting at Philadelphia, Pennsylvania: “ Resolved, That the flag of the thirteen United States shall be thirteen stripes, alternate red and white, that the union be thirteen stars, white on a blue field, representing a new constellation.” (by the way, this is a legal holiday in Pennsylvania). The blue field was to bear 13 stars, one for each state. The tradition that Betsy Ross designed the flag has been almost completely discredited. The flag was originally suggested by Francis Hopkinson, a member of the Continental Navy Board from 1776 to 1778, who is considered by historians to be the father of the Stars and Stripes.
    1811- Birthday of American writer Harriet Beecher Stowe, daughter of the Reverend Lyman Beecher and sister of Henry Ward Beecher. Author of Uncle Tom's Cabin, an antislavery novel that provoked a storm of protest and resulted in fame for its author. Two characters in the novel attained such importance that their names became part of the English language—the Negro slave, Uncle Tom, and the villainous slave owner, Simon Legree. The reaction to Uncle Tom's Cabin and its profound political impact are without parallel in American literature. It is said that during the Civil War, when Harriet Beecher Stowe was introduced to President Abraham Lincoln, his words to her were, “So you're the little woman who wrote the book that made this great war.' Stowe was born at Litchfield, CT and died at Hartford, CT, July 1,1896.
http://digital.library.upenn.edu/women/stowe/StoweHB.html
http://www.bragi.com/classics/s/hbs1811/utomc01.shtml
    1820- Birthday of John Bartlett, American editor and compiler ( Bartlett's “Famous Quotations”(1855) was born at Plymouth, MA. Though he had little formal education, he created one of the most-used reference works of the English language. No quotation of his own is among the more than 22,000 listed today, but in the preface to the first edition, he wrote that the object of his work “ originally made without any view of publication” was to show “ the obligation our language owes to various authors for numerous phrases and familiar quotations which have become household words.” Bartlett died at Cambridge, MA, Dec. 3, 1905.
http://www.bartleby.com/100/
    1834-my don Dash in the US Navy, who attended diving school could tell you more, but the first practical diving suit was patented by Leonard Norcross of Disfield, ME, for a “water-dress.” It consisted of an airtight rubber garment to which was attached a brass cap or helmet that rested on the shoulders. The cap was connected to an air pump on the boat by means of a rubber hose. The feet were weighted with heavy lead shot.
http://www.divingheritage.com/waybackkern.htm
    1834-Isaac Fisher, Jr. of Springfield, VT, was granted four patents on his invention he called “ sandpaper.”
    1864-US Congress ruled that Black soldiers must receive equal pay.
http://www.shsu.edu/~his_ncp/AfrAmer.html
http://www.cr.nps.gov/history/online_books/rthg/chap7.htm
    1864-The James River Bridge, the longest (2100ft) pontoon bridge ever used in war, was constructed in eight hours by 450 Union engineers. Extending from Windmill Point to Fort Powhatan in Virginia, the structure enabled Grant's forces to cross the James River and to move on Petersburg, a vital communications center south of Richmond. The next three days, at the Battle of Petersburg, VA, Union forces were unable to take the strategic city in the face of what historians call the brilliant strategy by General Robert E. Lee. The actual siege actually continued until April of the following year, 1865 (Battle of Five Forks April 1, evacuation of Richmond and Petersburg, April 2, April 3,Union forces occupy Petersburg, VA, April 9, Gen. Lee surrenders to Gen. Grant at Appomattox, April 14, President Lincoln is shot by John Wilkes Booth.)
http://www.civilwar.com/va81.htm
http://www.mdgorman.com/2538.htm
http://www.mdgorman.com/2539.htm
http://www.mdgorman.com/2465.htm
http://wargame.com/images/acw/image25.html
http://www.mdgorman.com/2466.htm
http://www.treasurenet.com/images/civilwar/civil007.html
http://www.flowerdew.org/Prince.html
http://cti.itc.virginia.edu/~ela/letters/dcgdiary2.html
http://www.virginiasheartland.org/recreation.html
http://www.civilwar-va.com/virginia/va-central/1864tour.html
http://www2.cr.nps.gov/abpp/battles/va063.htm
    1877-the First West Point graduate who was African-American was Henry Ossian Flipper, born a slave on March 29, 1856 to Thomasville, GA. He was a cadet from May 20, 1873, to June 14, 1877. He was appointed a second lieutenant in the 10 th Cavalry on June 15, 1877, and remained in service until June 30, 1882,when he was dismissed for conduct unbecoming an officer and a gentleman. In December,1976, the Army reviewed his court-martial charge and changed his discharge record from dishonorable to honorable.
http://lala.essortment.com/henryossianfli_ricp.htm
http://www.rose.net/flipper.htm
http://docsouth.unc.edu/flipper/menu.html
http://www.allenscreations.com/dghof.html
http://www.amazon.com/exec/obidos/ASIN/0803268904/
inktomi-bkasin-20/102-3693736-6012943

    1881-ushering in a new era, John McTammany, Jr. of Cambridge, MA, received a patent on a “mechanical musical instrument,” he called a “player piano.” He constructed a mechanism for automatic playing of organs using narrow sheets of perforated flexible paper that governed the notes to be played.” Further patents were applied for all types of piano players, and the first completely automatic was the Angelus, made by the Wilcox and White company, Meriden, CT. in 1897.
    1903 - The "Heppner Disaster" occurred in Oregon. A cloudburst in the hills sent a flood down Willow Creek, and a twenty foot wall of water swept away a third of the town in minutes, killing 236 residents and causing 100 million dollars damage
http://www.rootsweb.com/~ormorrow/HeppnerFlood.htm
    1906-Margaret Bourke-White was born at New York City. One of the original photojournalists, she developed her personal style while photographing the Krupp Iron Works in Germany and the Soviet Union during the first Vive-year Plan. Bourke-White was one of the four original staff photographers for Life magazine in 1936. The first woman attached to the US armed forces during World War II, she covered the Italian campaign, the siege of Moscow and the American soldiers crossing of the Rhine into Germany, and she shocked the world with her photographs of the concentration camps. Bourke-White photographed Mahatma Gandhi and covered the migration of the millions of people after the Indian subcontinent was divided into Hindu India and Muslim Pakistan. She served as a war correspondent during the Korean War. Among her several books the most famous was her collaboration with her second husband, novelist Erskine Caldwell, a study of rural poverty in the American South, called' You Have Seen Their Faces.” She died august 27, 1971 at Stamford, CT.
http://www.dailycelebrations.com/031401.htm
http://www.artcyclopedia.com/artists/bourke-white_margaret.html
    1909-birthday of Burl Ives, American singer and actor. Burl Icle Ivanhoe Ives was born at Hunt, IL. He helped to reintroduce Anglo-American folk music in the 40s and 50s. Ives won an Academy Award for his supporting role in “The Big Country”(1958) and he is well known for his role as Big Daddy in both the film and Broadway productions of Cat On a Hat Tin Roof. He died April14, 1995, at Anacortes, WA.
June 14, 1910---Guitarist/Singer/Bandleader Nappy Lamare Birthday
http://wwwp.musicmatch.com/artist/artist.cgi?ARTISTID=
848631&TMPL=LONG#bio

http://www.themomi.org/museum/roaring20s/1929L-5Nappy.html
http://www.317x.com/albums/b/raybauduc/card.html
http://www.nfo.net/usa/n2.html
    1916-A Presidential Proclamation has made this “Flag Day.” In 1996, it was amended to have “National Flag Week.” and the president added, “ It is a time to honor America.” We have the flag flying high here at American Leasing with the San Francisco 49er flag beneath.
    1926 - Don (Donald) ‘Newk' Newcombe (baseball: pitcher: Brooklyn Dodgers [Rookie of the Year: 1949/Cy Young Award: 1956/Baseball Writer's Award: 1956/World Series: 1949, 1950, 1951, 1955/all-star: 1949, 1950, 1951, 1955], Cincinnati Redlegs, Los Angeles Dodgers, Cincinnati Reds, Cleveland Indians), born Madison, NJ
    1929-pianist/composer Cy Coleman born, New York City. http://www.ascap.com/about/coleman-bio.html
http://www.virtualcity.de/englishtheater/ccoleman.htm
    1931-birthday of saxophonist Junior Walker, Blytheville, AR, died Nov 25, 1995, Battle creek, MI
http://www.history-of-rock.com/junior_walker_and_the_all_stars.htm
    1934-Max Baer knocked out Primo Carnera in the 11 th round of a fight at Long Island City, NY, to win the heavyweight title. Carnero had won the crown from Jack Sharkey. Baer lost it in his next fight to James Braddock. June 15,1935, in a 15 round match, Jim Braddock defeated Max Baer. With the win, Braddock captured the world heavyweight boxing title in New York City.
    1937 - Pennsylvania became the first state in the United States to observe Flag Day as a legal holiday. As noted in the beginning, the only state to legally observe this day as a holiday.
    1946-Nat “King” Cole Trio records “ The Christmas Song,” NYC. Record promoters like it so much, on August 19 th , he records it with strings and it became a commercial hit.”
    1949---Top Hits
Riders in the Sky - Vaughn Monroe
Again - Doris Day
Bali Ha'i - Perry Como
One Kiss Too Many - Eddy Arnold
    1950-American Oil Company announced plans to sponsor the telecast of every Washington Redskins football game during the upcoming season. The Redskins thus became the first pro football team to televise a complete slate of regular-season games.
    1951- Univac, the world's first commercial computer was unveiled, demonstrated, and dedicated in Philadelphia, PA, primarily to help out with the census. The first computer was developed in 1946, ENIAC ( Electronic Numeric Integrator and Computer ). The name we use today comes from the fact ENIAC was difficult to pronounce and scientists among themselves referred to the machine as a “computer.”
    1953 - Elvis Presley graduated from L.C. Humes High School in Memphis, TN. Within three years, the truck driver-turned-singer had his first number-one record with "Heartbreak Hotel".
    1954-the first Civil defense test was held nationwide, including the continental United States, 10 provinces of Canada, Alaska, Hawaii, Puerto Rico, and the Virgin Islands from 10 to 10:10am, when the all-clear signal was given. There were held periodically and both radio and television were to test the civil defense system periodically during the month for one minute duration.
    1957---Top Hits
Love Letters in the Sand - Pat Boone
A Teenager's Romance/I'm Walkin' - Ricky Nelson
Bye Bye Love - The Everly Brothers
Four Walls - Jim Reeves
    1961 - The temperature in Downtown San Francisco, CA, soared to 106 degrees to establish an all-time record for that location
    1963 - Duke Snider, one of the Dodger's most famous player (I have his autograph from when I was a kid---free, stayed after the game to sign autographs for all the kids ) got his 400th home run in a game against the Cincinnati Reds. Snider became the ninth player in major-league history to reach this career milestone
http://www.dukesnider.com/
    1964- Merry Pranksters Tour America in School Bus (14 June 1964 - August 1964). During the Spring of 1964, the Merry Pranksters think up the idea of purchasing and outfitting a 1939 IHC school bus (christened "Furthur") and driving across the country to New York. There they attend a publication party for Kesey's new novel, Sometimes a Great Notion, check out the World's Fair, and pay a visit to Timothy Leary & his associates at the Millbrook estate of William Hitchcock. They arrive in New York City in mid-July 1964 and are introduced to Jack Kerouac at a fateful party.
http://www.key-z.com/
http://www.smithsonianlegacies.si.edu/objectdescription.cfm?ID=232
http://www.intrepidtrips.com/
    1965---Top Hits
Back in My Arms Again - The Supremes
Crying in the Chapel - Elvis Presley
I Can't Help Myself - The Four Tops
What's He Doing in My World - Eddy Arnold
    1965---Paul McCartney records "Yesterday."
    1973---Top Hits
My Love - Paul McCartney & Wings
Frankenstein - The Edgar Winter Group
Pillow Talk - Sylvia
You Always Come Back (To Hurting Me) - Johnny Rodriguez
    1975 – The singing group “America” reached the top spot on the "Billboard" pop music chart with "Sister Golden Hair". The group had previously (March, 1972) taken "A Horse With No Name" to the number one spot. The trio of Dan Peek, Gerry Beckley and Dewey Bunnell had received the Best New Artist Grammy in 1972. “America” recorded a dozen hits that made it to the popular music charts in the 1970s and 1980s. Though number one, "Sister Golden Hair" did not qualify for gold record (million-seller) status.
http://www.biscuitfan.com/america/index.htm
http://www.harvestcomm.net/america/
http://www.danpeek.com/frameset.htm
http://www.rockandrollusa.com/America.htm
http://www.rockandrollusa.com/horsewithnonameamericadewey.htm
http://axisid.com/catsmeow/horse.htm
http://www.biscuitfan.com/america/song/song056.htm
    1979- Giant first baseman Willie McCovey hits his 513th round tripper establishing him as the NL all-time left-handed HR leader.
    1981---Top Hits
Bette Davis Eyes - Kim Carnes
Stars on 45 medley - Stars on 45
Sukiyaki - A Taste of Honey
What are We Doin' in Love - Dottie West with Kenny Rogers
    1987 - Thirty-two cities in the central U.S. reported record high temperatures for the date. The high of 97 degrees at Flint, MI, tied their record for June, and the high of 101 at Milwaukee WI marked their first 100 degree reading in 32 years. Thunderstorms brought much needed rains to South Texas, drenching McAllen with 3.2 inches in one hour. A thunderstorm soaked the town of Uncertain with 2.3 inches of rain in one hour.
    1988 - Thirty cities in the eastern U.S. reported record high temperatures for the date
    1989---Top Hits
Wind Beneath My Wings - Bette Midler
I'll Be Loving You (Forever) - New Kids on the Block
Every Little Step - Bobby Brown
Better Man - Clint Black
    1990 -4 inches of rain in about 75 minutes created a wall of water 10 to 30 feet high that devastated Shadyside, Ohio. 24 people were killed. One person reported ankle-deep water running down the side of a hill when he was seeking higher ground.
    1991 - "Robin Hood: Prince of Thieves" opened, collecting $25.63 million from audiences at 2,369 U.S. theaters. Kevin Costner is Robin of Locksley, Morgan Freeman plays Azeem, Mary Elizabeth Mastrantonio is Marian, Christian Slater stars as Will Scarlett, and Alan Rickman (Lethal Weapon) played the Sheriff of Nottingham.
    1993-The first Jewish woman to serve on the Supreme Court was Ruth Bader Ginsburg of the U.S. Appeals Court for the District of Columbia, nominated by President William Jefferson Clinton. She filled the seat vacated by Justice Byron White. She was the second woman to serve on the Supreme Court and the first Jewish justice since the resignation of Abe Fortas in 1969.
    1994-The New York Rangers defeated the Vancouver Canucks, 3-2, in Game 7 to win the Stanley Cup for the first time since 1940. The Rangers, led by Mark Messier, Brian Leetch and Mike Richerter, ended a long drought that included defeats in the finals in 1950, 1972, and 1979.
    1995 - Michael Jackson and wife, Lisa Marie Presley-Jackson, were interviewed by Diane Sawyer on ABC-TV's "PrimeTime Live". Sawyer questioned the couple about how they got to know each other, how Michael proposed, etc. The hour-long interview, at the old MGM set at Sony Pictures, Hollywood, was seen by 60 million U.S. viewers and millions more around the world. Selected snippets from the interview: Do they have sex? “Yes, yes, yes.” Prenuptial agreement? “Yes.” Regarding accusations of child molestation? “Never ever! I could never harm a child, or anyone. It's not in my heart. It's not how I am. I am not even interested in that!” Would Michael like to be as black as he once was? “I love black.”
    1998-The Chicago Bulls defeated the Utah Jazz to win their third consecutive NBA championship. This was their second “three-peat.” They had accomplished this feat the first time with wins in 1991, 1992 and 1993.

NBA Finals Champions This Date

    1987---Los Angeles Lakers
    1990---Detroit Pistons
    1992--Chicago Bulls
    1995---Houston Rockets
    1998--Chicago Bulls

Stanley Cup Champions This Date

    1994 New York Rangers

----------------------------------------------------------------

Baseball Poem

WHEN THE YANKEES WIN

WHEN THE YANKEES WIN IT'S PURE DELIGHT,
I CAN SUFFER FOOLS I CAN SLEEP AT NIGHT

I CAN SIT IN TRAFFIC ULCER-FREE
EVEN LETTING CARS IN FRONT OF ME.

I'VE A QUICKER STEP I'VE A BROADER GRIN
WHEN THE LAST OUT'S MADE AND THE YANKEES WIN.

ELOQUENT I WAX, CLEVERLY I PUN
WHEN WE'VE GOT TORONTO ON THE RUN

AND WHEN THE RED AND WHITE SOX SLIP,
MY HEART FILLS UP WITH FELLOWSHIP

AND PRIDE AS I REFLECT THEIR GLORY,
WATCHING SCOTT PUNCH FISTS WITH TORRE.

JOYFULLY I'M GIVING THANKS
AS EMPTY BASES FILL WITH YANKS

AND WHEN AND IF THEY'RE CLEARED BY JETER
STARS ARE BRIGHTER AIR IS SWEETER,

RICH THE COFFEE CRISP THE BAGEL
WINNING GAMES WITH CONE AND NEAGLE.

HOW MY FORTUNES RISE AND FALL
WITH BERNIE, TINO, CHUCK AND PAUL

GOODEN, JUSTICE, JORGE, ROCKET,
PUTTING PENNANTS IN THEIR POCKETS,

EL DUQUE, MARIANO, HILL,
PETTITTE, OH MY HEART BE STILL !

HOW LIGHT THAT HEART, HOW FREE OF CARES
WHEN OUR SHOES TOUCH HOME MORE THAN THEIRS !!

NO NEED FOR THEM TO WIN EACH DAY,
JUST LET THEM WIN ON DAYS THEY PLAY !

            Carol P, Yankee Poet Laureate (self-proclaimed)

 

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