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    Available by e-mail in a text format, sent out at 3:00am, free:

    http://www.leasingnews.org/addme-mailing-list.htm

 

 

 Headlines---

 

Classified Ads---Contract Administrator

    Financial Sector Highest Number of Virus Attacks

        Orix Memorandum

            “Dispute” with NAELB?

                Cartoon---Ethics

ELA'S All New Capital Hill Day MAY 11-12, 2004

    SilverMark Capital Launches Associate Program

        Dominion Acquires NDSI’s Leasing Business

            Edmunds.com True Cost of New Car Incentives

                Classified Ads---Help Wanted

News Briefs---

    Sports Briefs---

        "Gimme that Wine"

            This Day in American History

 

 

                         The List:  Up-Dated Next Week

 

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

 

Classified Ads---Contract Administrator

 

Contract Administrator

 

Contract Administrator: Chicago/Naperville

18+ years experience in leasing US/Europe, as both lessee and lessor. Am versatile and adaptable to lessee, lessor, or lender career opportunity. Email:kris_k11@yahoo.com

  

Contract Administrator: Lewisville, TX. 2 1/

2 Years banking experience & almost 3 years Leasing experience. ( Contract Admin.) hard Worker, learns quickly & willing to relocate. Email: talbotjtalbot2@aol.com

 

Contract Administrator: Los Angeles, CA Documentation Manager; 25+ years experience; strong documentation skills; solid reputation for submitting complete funding packages consistently resulting in same day fundings; will consider reasonable commute.Email: sgrigs@netzero.netsgrigs@netzero.net

 

Contract Administrator: Portland, OR.

6+ years small ticket leasing/financing. Documentation/funding

Policy development &implementation, management &training, process mapping, customer service, broker, vendor, portfolio experience.

Email: susanc777@hotmail.com

  

 

Contract Administrator: Ridgewood, NJ.

Organized person with two years leasing experience to document and book deals. Work with customers, vendors and funding sources to process, fund and track leases.Email: twslevin@ffcsi.com

 

Contract Administrator: San Diego, CA.

16 years experience with Capital Equipment and Semiconductor Manufacturing equipment leasing for Asia/Europe/US. Strong communication, documentation, management, negotiation, and training skills.

Email: pcgaynor@adelphia.net

 

Contract Administrator: Schaumburg, IL

10 yrs. small/mid-ticket leasing. Proficient in documentation, funding and legal. Worked with brokers, portfolio purchases, vendor programs, municipal transactions. Prefer to stay in Suburban Illinois. Email:sophie1900@msn.com

  

 

  95 Job Wanted ads at:

http://64.125.68.90/LeasingNews/JobPostings.htm

[Headlines]

 

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Financial Sector Experiences Highest Number of Virus Attacks

 

   Bank Technology News

 

A new report from Internet security systems vendor Symantec finds that financial services firms experience the highest number of malicious virus attacks compared to other industries, with nearly half reporting at least one severe incident in the six-month period from July to December 2003.

 

Symantec’s Internet Security Threat Report also reveals that attacks on financial services firms are four times greater than in the telecommunications industry. Threats to confidentiality are rising, with a 148 percent growth in volume of malicious code submission. Other threats, like the Blaster worm, exploit vulnerabilities left by previous attacks in order to gain control of systems.

 

The Symantec report states that nearly one third of attacks use this method. Patch management continues to be critical, a Symantec official said, but financial organizations are struggling to keep patch levels up-to-date.

[Headlines]

 

 

 

 

Orix Memorandum

 

To: All OFS Team Members

From: Gary Corr

Date: March 12,2004

Re: Jeff Darlington

 

Jeff Darlington, Senior Vice President and Controller of OFS has tendered his resignation. Jeff, Shelly and Chase will be moving to Texas where Jeff will join CIT as CFO of a local division.  His last day with us will be Friday, April 2, 2004.

 

Carl Merz will serve as Chief Financial Officer and Controller of OFS and will retain responsibility for all New York and Kennesaw office accounting and Tax-related matters with this appointment. It is anticipated that Carl will be present here locally approximately 3-4 days per week.

 

We highly value Jeff’s contributions and dedication to OFS.  He has served the company efficiently during his tenure and provided strong leadership.

 

He leaves with our best wishes.

 

Gary

 

[Headlines]

________________________________________________________

 

“Dispute” with NAELB?

 

 

“Well it saddens me to hear you and the National Association of Equipment Leasing Brokers are having a dispute. You have always been an advocate of the NAELB. In fact you pushed me into becoming a member, which I am grateful. I had hoped to see you in Las Vegas.

 

“It sounds to me like an attempt is being made to muzzle you and your publication. For so long you brought to our attention the "Bad boys" in our industry.

 

“It's as simple as this. If you are going to take upfront payments from a Broker or Vendor and fail to complete the transaction and then refuse to repay the money, you are one of the "Bad boys".

 

 We had a client last year who came in contact with one of these companies and only for your investigation and I might add a considerable amount of time on your part, he would not have got his money back. I was a little upset at the time that you refused to name this company who are probably still doing this.

 

“The Industry owes you a great debt of gratitude and it's time to heal this rift now and re establish good relationships once again. You have contributed too much for this to continue.”

 

Sincerely,

William Ross

President, Prudential Leasing Inc.

888-3571087

 

 

(You do bring up a good point that many of these companies continue

the practice of keeping the advance rentals, even when the lease does not get funded. Our practice has been if the leasing company returns the money before we publish the complaint, there is no complaint, and therefore we don’t print the company’s name. I don’t think your lessee would have gotten their money back, if we had not make

the arrangement not to print the complaint should the money be returned or settlement made between both parties.

 

(Leasing News printed NAELB President Bob Bell’s statement in full on behalf of the association regarding the disposition of two Bulletin Board complaints.  I do understand he and legal counsel Joseph Bonanno were acting like “Mafia hit men” in typical “behind your back” performance on the NAELB bulletin board. Current and ex-directors

were calling our advertisers and readers, so perhaps this is a step

up for the current leadership.

 

(I am disappointed in the both Mr. Bell and Mr. Bonanno not sending me a courtesy copy of what they were saying to their members about Kit Menkin and/or Leasing News.

 

(Mr. Ross, it appears you are correct; the leadership of NAELB has it in for Leasing News for naming their brokers as “bad boys.” Editor )

[Headlines]

 

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Cartoon---Ethics

 

 

[Headlines

 

 

**** Announcement **********************************************

 

ELA'S ALL NEW CAPITOL HILL DAY - MAY 11-12, 2004

 

In a press conference earlier this year, Mike Fleming, President of the Equipment Leasing Association stated:  "I have never seen this level of an anti-leasing environment on Capitol Hill in the past 25 years that I have been representing the industry."

 

This is just one of the reasons that ELA needs to have over 100 members visit Capitol Hill this May!  Attending Capitol Hill Day is one of the most important things you can do for your business!

 

ELA has been working hard to make sure that this Capitol Hill Day will be your best experience yet!

 

- A state captain system has been created so that each attendee does not have to make his/her own Congressional appointments!

- A new training session has been planned to ensure that each participant is properly briefed on the issues, and groups will have time to practice before the actual meeting!

 

If you are interested in becoming a state captain, information has been attached.

Please register today, as state captains need to begin to make appointments soon!

 

Sometimes visiting your Senators and Congressman can seem daunting, but ELA will ensure that you are comfortable with the issues, and the group you will be meeting with, we'll be with you every step of the way!

FILL OUT THE ATTACHED FORM AND E-MAIL OR FAX BACK TO STACIE SCOTT - WE'LL DO THE REST!

 

Questions?  Contact Stacie Scott, Government Relations Manager at sscott@elamail.com or (703) 516-8381

 

*** announcement *********************************

 [Headlines]

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

 

SilverMark Capital Launches Associate Program

 

HOUSTON— SilverMark Capital, a division of Texas-based Sterling Bank (Nasdaq SBIB), announced today a new product for independent originators that will assist them in servicing vendor programs for equipment suppliers.

 

The Associate Program will offer originators of equipment leasing programs a platform to manage vendor programs that need a high level of support and funding capacity.

“Our vendor-based solution for independent operators is fast, efficient, and provides all the tools necessary for independent originators to allow their vendors to have access to a state-of-the-art system and unlimited funding,” said Fred Van Etten, CEO of SilverMark Capital.

 

For more information on the program contact Jim Fleming at 888-776-8010, ext. 3.

 

About SilverMark Capital

SilverMark Capital (www.silvermarkcapital.com) is a division of Sterling Bank, which is based in Texas.  Sterling Bank was named to FORTUNE Magazine's 2003 and 2004 lists of the 100 Best Companies to Work For in America.  With assets of $3.2 billion as of December 31, 2003, Sterling Bank operates more than 35 offices in Katy, Houston, Dallas, and San Antonio.  The bank’s holding company is Sterling Bancshares, which trades its common stock through the Nasdaq National Market System under the symbol SBIB.  For more information, please visit the company's website at www.banksterling.com.

2550 North Loop West        

Houston, Texas 77902                                               

March 18, 2004                                                        

Contact: Susannah Moore Griffin

713-507- 7961

[Headlines]

 

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

 

Dominion Acquires NDSI’s Leasing Business

 

Richmond, VA,  Dominion Leasing Software of Richmond, VA, is pleased to announce that effective February 10, 2004 it has acquired the growing leasing software and servicing business of Nnovative Data Systems, Inc. of Newport News, VA.

 

“We are very excited about this move as it will allow Dominion to refocus the LeaseComplete product and staff exclusively on the needs of the leasing industry,” says Clinton Dunlow, President of Dominion.  “The renewed vigor of the team is evident in the upcoming Version 3 release.”

 

David Hill, Vice President of Sales and Marketing for Dominion agrees. “We now have the resources to expand our efforts to serve the industry.  When you have a product that excites both users and technicians, one cannot help but share in that excitement as we do here at Dominion.  Going forward, we anticipate a steady growth pattern as evidenced by the responses we are receiving.”

 

About Dominion Leasing Software LLC:

Dominion Leasing Software is a leading provider of software and services for the leasing industry.  Their flagship product, LeaseComplete, is the premier lease accounting and asset management system for middle-market commercial and retail lease portfolios.  Its flexibility is highlighted by a very diverse client base including commercial banks, credit unions, independent leasing companies, and automobile dealerships.  Visit their website for more information: www.dominionls.com

 

Contact:

David F. Hill

804 403 3710

david.hill@dominionls.com

www.dominionls.com

[Headlines]

 

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

 

Edmunds.com Reports True Cost of Incentives; Chrysler Remains Highest Spender

 

"...average net price was 19.3% below MSRP for domestic automakers in February."

 

 

SANTA MONICA, Calif.,  -- Edmunds.com (http://www.edmunds.com), the premier online resource for automotive information, reports that the average manufacturer incentive per vehicle sold in the United States was $2,459 in February 2004, up $324, or 15.2%, from February 2003, and up $94, or 4%, from January 2004.

 

(Logo:  http://www.newscom.com/cgi-bin/prnh/20031009/LATH011ALOGO ) 

 

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.

 

Overall, combined incentives spending for domestic Chrysler, Ford and General Motors nameplates increased by 1.7% to $3,409 per vehicle in February, compared to $3,354 in January.  Chrysler spent the most per vehicle for the second month in a row, reaching $3,857 per vehicle, up $6 over the previous month, while gaining 0.45% of market share.  General Motors' incentives spending decreased by $29 to $3,450 per vehicle while its market share gained back a portion of the substantial loss incurred in January, climbing by 1% to 27.1%.  After declining for four consecutive months, Ford's incentives spending increased by $202 to $3,031 per vehicle in February while its market share increased 0.3% to 19%.

 

In February Korean automakers spent $1,686, European automakers spent $1,596 and Japanese automakers spent $881 per vehicle sold.

 

Examining the data by brand, Edmunds.com found that Mini spent virtually nothing on incentives while Scion spent only $66 and Lexus spent only $159 per vehicle.  At the other end of the spectrum, Oldsmobile continued to spend the most incentives dollars per vehicle at $5,191, followed by Lincoln at $4,540 and Mercury at $4,314.

 

Among vehicle segments, large cars had the highest average incentives last month at $3,881, followed by large SUVs at $3,224 and minivans at $3,220. Luxury SUVs had the lowest average incentives at $1,227, followed by luxury sports cars at $1,855 and sport cars at $1,884.  Large SUVs gained the most market share since February 2003, increasing from 3.8% to 5.3%, while midsize cars lost the most market share during that period, down from 18% to 16.7%.

 

Industry average days-to-turn, which measures how many days on average it takes to sell vehicles after they arrive at dealerships, was 69 days in February compared to 64 in both January 2004 and February 2003.  Isuzu had the longest days-to-turn at 144, followed by Mitsubishi at 121.  The quickest inventory turnaround was for Scion at 13 days, followed by Mini at 23 days.

 

From January 2004 to February 2004 the Edmunds.com Price Index for new vehicles (EPI-N) decreased 1% to 99.7 (base = 100 set in January 2002).  From February 2003 to February 2004, the EPI-N has increased by 2% from 97.7 to 99.7.   Only a couple of the segments posted gains in February: vans saw the largest increase at 1.9%, followed by large SUVs at 1%.  Compact cars had the most significant decline at 2.3%, followed by compact SUVs at 1.7%.

 

In February 2004, the sales-weighted average new vehicle sticker price was $29,153, 1% lower than in January 2004 but 3.9% higher than in February 2003. The sales-weighted average net price was $24,747 -- 15% below MSRP and the highest since September 2003, when the discount from average MSRP to net price was 16%.

 

The average net price was 19.3% below MSRP for domestic automakers in February, compared to 18.5% in February 2003.  Korean manufacturers' average net price was 14.4% below MSRP in February 2004, up from 10.5% the previous year.  Japanese manufacturers' average net price was 9% below MSRP in February 2004, unchanged from last year.  European manufacturers' average net price was 6.2% below MSRP in February 2004, up slightly from 6% last year.

 

About Edmunds.com True Cost of Incentives(SM) (TCI(SM)) 

 

Edmunds.com's True Cost of Incentives(SM) 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 the Edmunds Price Index (EPI) 

 

The Edmunds Price Index reflects price shifts for the industry as a whole, and can be analyzed by different market segmentation.  Similar to the Consumer Price Index, the EPI measures the average changes in retail prices net of all incentives for a fixed basket of vehicles with fixed options over time for the purpose of trend analysis.  Edmunds.com also analyzes transaction prices and net prices by country of origin, manufacturer, make and model, reflecting manufacturer-to-consumer rebates, including low APR and special lease programs.

 

About Edmunds.com, Inc.

 

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 the auto sections of AOL and NYTimes.com, provides weekly data to Automotive News and delivers monthly data reports to Wall Street analysts. Edmunds.com was named "best car research" site by Forbes ASAP, has been selected by consumers as the "most useful Web site" according to every J.D. Power and Associates New Autoshopper.com Study(SM) 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 outside Detroit, Michigan.

 

SOURCE  Edmunds.com 

 

CO:  Edmunds.com; Chrysler; Ford; General Motors; Lexus; Oldsmobile; f     Oldsmobile; Isuzu; Mitsubishi; Mini; Scion

 

ST:  California

 

SU:

 

Web site:  http://www.Autoshopper.com

[Headlines]

 

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

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Leasing Industry Help Wanted

Current Openings

Accounting


Accounting:
PricewaterhouseCoopers seeks individuals with experience in commercial equipment leasing to help clients improve their leasing businesses by designing, developing, and implementing solutions to accounting & operational issues. Email: anthony.g.anderson@us.pwc.com

About the Company: PricewaterhouseCoopers, New York, NY.

[Top]

Credit and Documentation Administrator


Credit & Doc. Admin. to assist with credit investigation, doc.prep., coordinate territory mgrs. Wayne, NJ fast growing lessor.
Contact: Duane E. Rouba @ 800-848-7210 X 222
..

About the Company: www.leasingpartnerscapital.com

[Top]

Sales Representatives

Looking for a company change?

SCL is adding to the sales force. We are looking for 8 new sales people.  We are a vendor driven company with a large funding portfolio. High Impact commission, 50-65%! We can provide Real Estate Loans to your commercial clients. Profit sharing & Medical.  Call 714-573-9804  bgriffith@socallesing.com

About the Company: 250 El Camino Real   #111 Tustin Ca. 92780. UAEL Member

 


Sales: Tired of working on commission and not getting your fair share of the split?
We pay up to 60% of gross margin +residuals !! Contact Michael Wagner @
949-250-0585 x222 or Fax: 949-250-8042.
E-mail: mwagner@dimensionfunding.com

About the Company: Dimension Funding, LLC Formed in 1979. Located on 17748 Sky Park Circle, Irvine, CA. 92614. Website: www.dimensionfunding.com

[Top]

Senior Sales Executive

Balboa Capital Logo
"Sr.Sales Exec. 5+yrs exp. 10-150K market. Current deal flow and superior closing skills a must. No geo. restrict./satellite office ok. Use our internal line/prefund ability, provides support you need to reach W2 goal. Our 16 years TIB stands alone."
Contact: josephrs@balboacapital.com

About the Company: Balboa Capital. 2010 Main Street 11th Floor Irvine, CA. 92614 www.balboacapital.com

[Top]

 

  These ads are paid by employers.  To advertise, please go to:

    http://64.125.68.90/LeasingNews/PostingFormWanted.asp

      You can’t beat the direct coverage for the price!!!!

[Headlines]

 

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News Briefs---

 

Mortgage rates mostly lower; ARM hits another record low

http://www.usatoday.com/money/perfi/housing/2004-03-18-mortgage_x.htm

 

Reports offer more signs of hope on the jobs front

http://www.signonsandiego.com/news/business/20040318-1404-economy.html

 

Leading economic indicators unchanged in February

http://www.usatoday.com/money/economy/2004-03-18-lei_x.htm

 

House votes to reduce regulations on banks, credit unions

http://www.signonsandiego.com/news/business/20040318-1454-congress-banking.html

 

As Fleet nears merger, executives look to future

http://www.boston.com/business/personalfinance/articles/2004/03/18/an_end_a_beginning/

 

Tyco Jury Examines 'Criminal Intent'

 http://www.washingtonpost.com/wp-dyn/articles/A6858-2004Mar19.html

http://www.usatoday.com/money/industries/manufacturing/2004-03-18-tyco_x.htm

[Headlines]

 

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“Sports Briefs”

 

 

Galloway's approval awaits Johnson deal; Henson a Cowboy

http://www.theredzone.org/news/showarticle.asp?ArticleID=1024

 

Law: Belichick 'lies to support his family'

http://www.foxsports.com/content/view?contentId=2240012

 

TERR-el match will ignite disaster by Skip Bayless

http://www.mercurynews.com/mld/mercurynews/sports/columnists/skip_bayless/8206548.htm

 

[Headlines]

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“Gimme that Wine”

 

Santa Cruz Bonny Doon sales up 22%

http://www.just-drinks.com/news_detail.asp?art=22559

 

36 states ask Supreme Court to let them control their own shipping destinies

http://www.sfgate.com/cgi-
bin/article.cgi?file=/chronicle/archive/2004/03/18/WIG2A5M39D1.DTL

 

Ithaca groups aim to develop wine center

http://news10now.com/content/all_news/?ArID=13654&SecID=83

 

Mercury News named finalist

http://www.mercurynews.com/mld/mercurynews/living/food/8206541.htm

 

Calistoga businesses seeking tourists

http://www.napalife.com/

 

An Old Piedmont Friend With Ambitions

http://www.nytimes.com/2004/03/17/dining/17WINE.html

 

 

 [Headlines]

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This Day in American History

 

     Traditional date (St. Joseph's Day) since 1776 for swallows to return to old mission of San Juan Capistrano, California. Giovanni da Capistrano, Franciscan lawyer, educator and preacher, was born at Capistrano, Italy, in 1386, and died of plague on Oct 23, 1456.

   Spring begins tomorrow, where the temperature in Santa Clara has been 84 to 86 degrees

recently, and temperatures in surrounding areas, including San Francisco, have broken

all high temperature records.

      1589-  William Bradford, Pilgrim father, governor of Plymouth Colony, one of the early presidents of the United States. Born at Yorkshire, England,  baptized Mar 19, 1589. Sailed from Southampton, England, on the Mayflower in 1620. His wife Dorothy fell off the Mayflower and drowned on 7 December 1620, when it was anchored in Provincetown Harbor.   Died at Plymouth, MA, May 9, 1657 (OS).

http://www.pilgrimhall.org/bradfordwilliam.htm

http://members.aol.com/calebj/bradford.html

http://members.aol.com/calebj/letterbook.html

    1734- birthday of Thomas McKean, signer of the Declaration of Independence and governor of Pennsylvania. Born at Chester County, PA, he died June 24, 1817.

http://virtualology.com/hallofusa/uspresidents/thomasmckean.net/

http://users.clover.net/mckean/

    1785- the first city college was the College of Charleston, Charleston, SC, which was founded in    1770, but chartered this day. On December 20, 1837, it became a municipal university under municipal control.

http://www.cofc.edu/about/brief-history.html

      1847-Painter Albert Pinkham Ryder was born at New Bedford, MA, where he gained a great love for the sea, the subject of many of his works. Ryder was a misanthrope and recluse. He dedicated himself to his painting, working slowly and piling layer after layer of paint on his canvases until he achieved the look he was after. In his lifetime Ryder created only 150 paintings. Three of his best-known works are The Race Track, Toilers of the Sea and Siegfried and the Rhine Maidens. Ryder died Mar 28, 1917, at Elmhurst, NY. Because of his method of painting, many of his works have deteriorated since their creation.

http://www.encyclopedia.com/html/r/ryder-a1l.asp

http://www.artunframed.com/albert_pinkham_ryder.htm

    1848-birthday of Wyatt Earp. Born at Monmouth, IL, and died Jan 13, 1929, at Los Angeles, CA. A legendary figure of the Old West, Earp worked as a railroad hand, saloonkeeper, gambler, lawman, gunslinger, miner and real estate investor at various times. Best known for the gunfight at the OK Corral Oct 26, 1881, at Tombstone, AZ. http://www.geocities.com/christianna/gunfighters/wyattearp.html

    1860-birthday of William Jennings Bryan, American political leader, member of Congress, Democratic presidential nominee (1896), "free silver" advocate, assisted in prosecution at Scopes trial, known as "the Silver-Tongued Orator." Born at Salem, IL, he died at Dayton, TN, July 26, 1925.

http://memory.loc.gov/ammem/today/mar19.html

     1864-birthday of Charles M. Russell, St. Louis, Missouri. He moved to Montana at about age 16 and became a cowboy.  Considered one of the greatest Western artists, he recorded the life of the cowboy in his artwork. http://www.cmrussell.org/

     1881-birthday of Edith Nourse Rogers was a YMCA and Red Cross volunteer in France during World War I. In 1925 she was elected to the US Congress to fill the vacancy left by the death of her husband. An able legislator, she was reelected to the House of Representatives 17 times and became the first woman to have her name attached to major legislation. She was a major force in the legislation creating the Women's Army Auxiliary Corps (May 14, 1942) during World War II. Rogers was born at Saco, ME, and died Sept 10, 1960, at Boston.

   1883- African-American Jan Matzeliger invented the first machine to manufacture  entire shoe

http://www.invention.org/culture/african/matzeliger.html http://www.triadntr.net/~rdavis/matz.htm

    1897-vocalist/comedian Jackie “Moms” Mabley born Brevard, NC http://home.earthlink.net/~dianska/mabley.htm

    1888 -a tornado, rated F4, at Mount Vernon, Illinois killed 24 people and injured 80. 300 homes and 50 businesses were either damaged or destroyed.

    1918-Anniversary of passage by the Congress of the Standard Time Act, which authorized the Interstate Commerce Commission to establish standard time zones for the US. The Act also established "Daylight Saving Time," to save fuel and to promote other economies in a country at war. Daylight-Saving Time first went into operation on Easter Sunday, Mar 31, 1918. The Uniform Time Act of 1966, as amended in 1986, by Public Law 99-359, now governs standard time in the US. US: Daylight Saving Time Begins April 7.

      1919 –Pianist Lennie Tristano Birthday 

http://www.tufts.edu/~edeluca/tristano/

     1920-brithday of bassist Curly Russell, New York City. ( played a lot with Bird )

    1921-gospel vocalist Bobby McFerrin, Sr., born Marianna, AR

    1927-Don Richard ( Riochie) Ashburn, Baseball Hall of Fame outfielder, bron at Tilden, NE. Ashburn won two national League batting titles and collected 2,574 hits over a 15-year career.  He was a key member of the 1950 Philadelphia Phillies, known as the Whiz kids.  After retiring he broadcast Phillies games for 35 years.  Inducted in the Hall of Fame in 1995.  Died at New York, NY, September 9, 1997

    1919-blind pianist Lennie Tristano born Chicago, IL http://www.lennietristano.com/

    1930-alto saxophonist Ornette Coleman born Fort Worth, TX An iconoclastic saxophonist and composer, his experiments in free-form improvisation sharply divided the jazz establishment upon his emergence in 1959. Largely self-taught, he played in rhythm-and-blues bands before settling in Los Angeles in 1951, where he gradually formed a quartet of musicians who were receptive to his unorthodox ideas. He first recorded in 1958 and made his New York debut the following year. He made a series of important recordings in 1959--61 that shaped the direction of jazz for the next twenty years. A sporadic performing artist after the early 1960s, he occasionally led both a conventional jazz quartet and the rock band Prime Time, but turned increasingly to composition, producing several works for symphony orchestra in accordance with his "harmolodic theory." Most commonly played a “plastic” alto saxophone.

http://www.pbs.org/jazz/biography/artist_id_coleman_ornette.htm

    1933 – Author Philip Roth (Goodbye, Columbus; Portnoy's Complaint) born Newark, New Jersey.

http://www.kirjasto.sci.fi/proth.htm

     1935 - Suffocating dust storms occurred frequently in southeastern Colorado between the 12th and the 25th of the month. Six people died, and many livestock starved or suffocated. Up to six feet of dust covered the ground. Schools were closed, and many rural homes were deserted by tenants.

1936-vocalist/songwriter Willie Dixon Columbus, MS http://www.blueflamecafe.com/index.html

   1937-Count Basie and his band open at the Apollo Theatre in Harlem for the first time.

     1937, pianist/vocalist Clarence “Frogman” Henry born Algiers, LA

   ( I have all his records. He is best know for: :”I Ain’t Got No Home, But I Do [I Don’t Know Why])”

http://www.tsimon.com/henry.htm

His nickname comes from a line in his best- known song, "Ain't Got No Home," in which he says he can sing like a frog - and proceeds to give a pretty good imitation. "Ain't Got No Home" was a top-20 pop hit in 1957, as were the more restrained "But I Do" and "You Always Hurt the One You Love" in 1961.

    1945 --  Kamikaze attacks USS Franklin off Japan. In a maneuver heralded as one of the greatest feats in naval history, the light cruiser USS Santa Fe bellied up alongside the flaming Franklin and rescued more than 800 sailors while still being stalked by Japanese fighter pilots. http://www.uss-hornet.org/news_events/press_releases/LuckyLady/Lucky_Lady.html

http://www.pbs.org/perilousfight/psychology/the_kamikaze_threat/

   1946-vocalist Ruth Pointer born Oakland, CA. http://www.thepointersistersfans.com/ruth.html

    1949 - The American Museum of Atomic Energy opened in Oak Ridge, Tennessee.

    1950---Top Hits

I Said My Pajamas - Tony Martin & Fran Warren

Music, Music, Music - Teresa Brewer

If I Knew You Were Comin’ I’d’ve Baked a Cake - Eileen Barton

Chattanooga Shoe Shine Boy - Red Foley

   1950-Sarah Vaughan records “ Mean to Me, “ Columbia 745 )

http://www.parsec-santa.com/celebrity/celeb_pages/SarahVaughn.html

     1950 - Timberline Lodge reported 246 inches of snow on the ground, a record for the state of Oregon.

      1951 - "The Caine Mutiny", a novel by Herman Wouk, was published for the first time. Wouk won a Pulitzer for the novel. He followed it with several more successes: "Marjorie Morningstar", "The Winds of War", and "War and Remembrance". Perhaps best known as a movie starring Humphrey Bogart.

http://www.wordmax.com/w3446.htm

    1953 - The Academy Awards celebrated their silver anniversary -- and came to television. NBC paid $100,000 for the rights to broadcast the event on both radio and TV, the first to be telecast, black and white to over 174 stations.. Hollywood’s best turned out to hand out the Oscar statuettes for the movies of 1952. The party was held at the RKO Pantages Theater, Los Angeles, with Bob Hope hosting. A dual celebration was staged in New York City, where Conrad Nagel was host. The Best Picture award went to Cecil B. DeMille’s "The Greatest Show on Earth". Best Director was the legendary John Ford for "The Quiet Man". The rest of the best: Actor: Gary Cooper for "High Noon"; Supporting Actor: Anthony Quinn for "Viva Zapata!"; Actress: Shirley Booth for "Come Back, Little Sheba"; Supporting Actress: Gloria Grahame for "The Bad and the Beautiful"; Art Direction-Set Decoration/ Color: Paul Sheriff, Marcel Vertès for "Moulin Rouge"; Music/Song: Dimitri Tiomkin (music), Ned Washington (lyrics) for the song, "High Noon (Do Not Forsake Me, Oh My Darlin’)", from "High Noon".

http://www.infoplease.com/ipa/A0148551.html

    1954 - Viewers saw the first televised prize fight shown in living color as Joey Giardello knocked out Willie Tory in round seven of a scheduled 10-round bout at Madison Square Garden in New York 1968 - Dean Martin received a gold record for the album, "Houston". Martin charted 17 hits on the pop music charts in the 1950s and 1860s. "Houston" was his 12th.

    1956 - The second heavy snowstorm in just three days hit Boston. Nearby Blue Hill received 19.5 inches contributing to their snowiest March of record.

     1957- Elvis Presley purchased a 23-room manor at 3764 South Bellevue Boulevard in Memphis. He paid $100,000 to the home's original owner, Ruth Moore, who had christened the home Graceland after her great-aunt Grace. More than 700,000 people visit Graceland annually, touring the home, filing past Elvis's grave in the estate's Meditation Garden and purchasing tacky souvenirs in the shopping complex across the street.

http://www.elvis.com/graceland/

http://www.photo.net/summer94/graceland.htmlhttp://www.soultones.com/elvis.html

http://www.reallyrics.com/lyrics/P001000020001.asp

     1958---Top Hits

Don’t/I Beg of You - Elvis Presley

Sweet Little Sixteen - Chuck Berry

Dinner with Drac (Part 1) - John Zacherle

Ballad of a Teenage Queen - Johnny Cash

    1958- the duo of Tom and Jerry released their first single, "Our Song." They later became known as Simon and Garfunkel.

    1966---Top Hits

The Ballad of the Green Berets - SSgt Barry Sadler

19th Nervous Breakdown - The Rolling Stones

Nowhere Man - The Beatles

Waitin’ in Your Welfare Line - Buck Owens

     1972-Immaculata College defeated West Chester State, 52-48, to win the first Association of Intercollegiate Athletics for Women national basketball tournament.  The AIAW crowned a champion for 11 years, but most Division 1 teams entered the new NCAA tournament starting in 1982.

    1972 -a vicious coastal storm dumped 10 to 20 inches of snow over interior sections of the mid-Atlantic and northeast states and caused some of the worst coastal damage this century in New England. 23 inches of snow fell at McHenry, Maryland, 23 inches piled up at Williamsport, Pennsylvania, and Syracuse, New York recorded 20 inches. 20 foot drifts were reported in northeastern Pennsylvania. Storm surges up to 4.5 feet and winds gusting over 80 mph along coastal Rhode Island, Massachusetts, New Hampshire, and Maine resulted in extensive property damage and tremendous beach erosion. 27 houses were destroyed and 3000 damaged in Massachusetts alone.

      1974---Top Hits

Seasons in the Sun - Terry Jacks

Dark Lady - Cher

Sunshine on My Shoulders - John Denver

There Won’t Be Anymore - Charlie Rich

      1974-The Jefferson Airplane began their first tour under the name Jefferson Starship. The line-up includes Paul Kantner, Grace Slick, drummer Johnny Barbata, David Freiberg, Peter Kaukonen, Cragi Chaquico and Papa John Creach.

     1977- The final episode of "The Mary Tyler Moore Show."  It premiered on September 19, 1970 and ran for 168 episodes. "Mary Tyler Moore" was the first of a new wave of sitcoms to make it big in the early '70s. It combined good writing, an effective supporting cast and contemporary attitudes. The show centered around the two most important places in Mary Richards's (Mary Tyler Moore) life-the WJM-TV newsroom and her apartment at Minneapolis. At home she shared the ups and downs of life with her friend Rhoda Morgenstern (Valerie Harper) and the manager of her apartment building, Phyllis Lindstrom (Cloris Leachman). At work, as the associate producer (later producer) of "The Six O'clock News," Mary struggled to function in a man's world. Figuring in her professional life were her irascible boss Lou Grant (Ed Asner), levelheaded and softhearted news writer Murray Slaughter (Gavin MacLeod) and self-obsessed, narcissistic anchorman Ted Baxter (Ted Knight). In the last  episode the unthinkable happened-everyone in the WJM newsroom except the inept Ted was fired.  

    1974- Jefferson Airplane began its first tour as the Jefferson Starship. The Starship included Airplane members Grace Slick, Paul Kanter, John Barbata, David Frieberg and Papa John Creach, plus Peter Kangaroo and Craig Chaquico. Lead singer Slick was fighting a losing battle against alcoholism, and in 1978 she was forced to quit the band in the middle of a European tour. There was a crowd riot in West Germany when she did not appear.

    1980-Elvis Presley's autopsy is subpoenaed in the "Dr. Nick" drug case. "Dr. Nick" is Dr. George Nichopoulous, Presley's personal physician who will soon be found guilty of over prescribing drugs to Presley and other clients, including Jerry Lee Lewis.

    1982---Top Hits

Centerfold - The J. Geils Band

Open Arms - Journey

I Love Rock ’N Roll - Joan Jett & The Blackhearts

Blue Moon with Heartache - Roseanne Cash

     1985 - IBM announced that it was planning to stop making the PCjr consumer-oriented computer. The machine had been expected to dominate the home computer market but didn’t quite live up to those expectations. In the 16 months that the PCjr was on the market, only 240,000 units were sold.  A young software programmer purchased the rights to the operating system and started a “tiny”  software operation compared to IBM to be called Microsoft in the near future.

     1988 -showers and thunderstorms drenched Valdosta, Georgia with more than 5 inches of rain. A 24 hour rainfall total of 7.10 inches at Appalachicola, Florida more than doubled its previous 24 hour record for the month of February.

    1988 - Seven cities in California and Nevada reported record high temperatures for the date as readings soared into the 80s and lower 90s. Los Angeles CA reported a record high of 89 degrees. Five cities in south central Texas reported record lows, including El Paso, with a reading of 22 degrees

     1989 - Six cities reported new record low temperatures for the date as cold arctic air settled into the Upper Midwest for Palm Sunday, including Marquette MI with a reading of 11 degrees below zero.

    1990---Top Hits

Escapade - Janet Jackson

Black Velvet - Alannah Myles

Roam - The B-52’s

Hard Rock Bottom of Your Heart - Randy Travis

     1990 - Rather wintry weather in the eastern U.S. replaced the 80 degree weather of the previous week. Freezing temperatures were reported in northern sections of the Gulf Coast States, and snow began to whiten the Northern and Central Appalachians. Up to eight inches of snow was reported in western Virginia.

    1998-Major league baseball owners gave final approval to the sale of the Los Angeles Dodgers from Peter O’Malley to media mogul Rupert Murdoch’s Australian-based news conglomerate, News Corp. O’Malley had inherited the Dodgers from his father, Walter, who moved the team from Brooklyn to Los Angeles following the 1957 season, which Brooklyn fans never forgive him.  Critics of the $311 million sale to Murdoch’s company bemoaned the fact that one more team would no longer be family-owned.  Nobody seemed happy about the sale except for Rupert Murdock, reported never to

have seen the team play in person.

 

  NCAA Basketball Champions This date

 

1955 San Francisco

1960  Ohio State

1966—Texas Western  

 

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