Free Webair Today on Increasing Sales
The Magic Ratio for Vendor Business

"How to Increase Your Approvals and Bookings
From Vendor Referred Business"

The National Equipment Financial Association (NFA) presents the second part of the series by Gerry Egan, Executive Director, also a well-known sales trainer and lessor, at 10:00am Pacific Time--1:00pm Eastern Time

Free, Open to All; you first need to register:
https://m360.nefassociation.org/ViewEvent.aspx?id=32115&instance=0

For questions, please contact: Kim King at kking@nefassociation.org or (847) 380-5053.

 

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August 3, 2009 Pictures from the Past
Ken Bentsen resigns from ELFA

Not a surprise move in this economy the Equipment Finance and Leasing Association (ELFA) membership is down to 600, and attendance to leasing conferences, once money makers for the association is also down. Bentsen brought much Washington legislative representation to the industry plus both radio and television publicity, as well as seeing the association to date through a very tough financial economy.

Next Day it is Official:

A Message to ELFA Members

Bentsen to leave ELFA for SIFMA, Petta to serve as Interim President

Washington, DC - August 4, 2009-The Equipment Leasing and Finance Association (ELFA) announced today that ELFA President Ken Bentsen was stepping down to take a new position as Executive Vice President of the Securities Industry and Financial Markets Association (SIFMA). Ralph Petta, ELFA Vice President for Research and Industry Services, was named to serve as interim President upon Bentsen's departure.

"Ken Bentsen brought the ELFA to a new level of awareness in Washington among policy makers, crafted a sustainable strategy for our great association, navigated our association through an unprecedented financial crisis and drove a multi-faceted advocacy effort that continues to benefit many of our members," said ELFA Chairman James J. Ambrose, president of Equipment Finance, GE Health Care Financial Services. "We are well positioned as the "the" source of equipment finance industry information largely due to Ken's leadership and vision."

"We are fortunate to have thought through such an event in advance and are prepared for a smooth transition into our next chapter of ELFA leadership. "Accordingly, we are pleased to announce Ralph Petta as interim President for the ELFA. Ralph has been an integral thought leader across many of our initiatives and possesses a keen operational focus, which will greatly benefit the association," said Ambrose.

Gary DiLillo, President 216-658-5618 or gary@avptc.com Comprehensive personal property tax outsourcing services. Click here to see what our clients say about us.

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Classified Ads---Sales

(These ads are “free” to those seeking employment
or looking to improve their position)

Cherry Hill, NJ College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or email at mkuzan@gmail.com

California Aggressive, competitive self-starter with vendor/direct equipment leasing and asset-based lending experience. Success in business banking sales and financial planning. Email: dsp559@hotmail.com | Resume

Colorado Award winning and strategic leasing sales professional with eleven years experience in Technology, Medical, Furniture, and Office Automation. Will consider positions with full benefits only. anderson_678@earthlink.net

Garfield, NJ 15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker. Tony Lio tonylio@optonline.net

Montgomery, AL Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama. Work with leasing company or broker. 334-590-5133 E-mail: billmcneal2003@yahoo.com

Orange County, CA 20+ years in leasing sales & sales management. Have estab. existing remote office with Lessee /Vender following. Looking for a partnership w/funding source. shermbp@gmail.com

Pittsburgh , PA Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592 mwiser500@hotmail.com

San Francisco Bay Area: Business Development “Hunter” with transferable book of business in multiple segments: commercial construction, technology, fitness, etc. Years of managerial experience: can also be a “player/coach”. E-mail: VdrPgmBizDev@aol.com

Texas/Oklahoma 15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested. E-mail: bankingdallas@yahoo.com

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Ed Castagna's InPlaceAuction joins
On Line Equipment Auction List

Edward Castagna, former president of Nassau Asset Management, new company InPlace Auction joins the On Line Equipment Auction List.

"Using our copyrighted "Rapid FMV Service" to mitigate risk within minutes, we're also experts in national repossession, bankruptcy, and turn around management,” he said. "We're a service company and an auction house."

InPlaceAuction.com - Licensed, Bonded, & National! Ed's new company caters to lessors, lenders, and bankruptcy trustees, conducting both virtual and live auctions of all types of assets including: Agricultural, Medical, Industrial, Transportation, Trucks, Construction, Real Estate, etc. Appraisals - on site and desktop.

While under construction, the web site is available at www.inplaceauction.com

Ed can be reached at:
ecastagna@inplaceauction.com
Tel. (516) 229-1968
Cel. (516) 297-7775
Fax. (516) 882-7924

Ed is also a member of the Leasing News Advisory Board:
http://www.leasingnews.org/Advisory%20Board/Castagna_Edward.htm

On Line Equipment Auction List

This is not a list of companies who hold auctions primarily, but those who conduct on line auctions.

asset-auctions.com	Online Auctions – Monthly Sales, Weekly Heavy Equipment Auction Every Tuesday. And Bi-Weekly Auctions From The Tennessee Department Of General Services Every Other Tuesday.
auctioneerexpress.com	Tractor, Mower, Dump Truck, Mower, Cutter, 13 Tire Roller
eBay.com	All types of Equipment
eBaymotors.com	Trucks and vehicles
govocon.com	Both live and virtual online auction format, light and heavy equipment for the construction and transportation industry
govliquidation.com	Mostly trucks and related equipment
HeavyEQ.govdeals.com	Heavy Equipment, Truck and Machinery Industry Online Gov't Surplus Auctions - Over 1,000 Government Clients
inplaceauction.com	Caters to lessors, lenders, and bankruptcy trustees, conducting both virtual and live auctions of all types of assets including:  Agricultural, Medical, Industrial, Transportation, Trucks, Construction, Real Estate, etc.  Appraisals - on site and desktop.
ironplanet.com	Cranes, Trailers, Equipment Trucks
motleys.com	Construction Equipment & Trucks
municibid.com	Municibid is an online government auctions website designed specifically for the sale of surplus and forfeited/seized goods directly by the government publicsurplus.com
salvex.com	Salvaged equipment for both re-seller and end user.
tractorhouse.com	Mostly farm equipment
usgovbid.com	Government Online Auctions - Servicing Government Agencies for over a Decade

List of many auction sites for consumer and vehicle:
http://www.100auctionsites.com/

Online Auction Site Review (15 sites)
http://online-auction-sites.toptenreviews.com/

Barry Reitman Offers Ready-to-Go “Leasing WebSite”

Long time leasing guru and founder of www.memoryshock.com, Barry Reitman has posted on eBay a five page “ready to go” leasing website: http://businessequipmentfunding.com/Lessees.html

“I’m selling one of my extra websites, complete with 800 vanity phone number -- 800-LEASE-03, " Barry announces.

"This one is already top-ranked in a Google search of Business Equipment Funding. And No, I am NOT selling my principal record-setting leasing website!”

Please go to EBay, and search on "Leasing Domain." It's the auction for "BusinessEquipmentLeasing. The link is also below to go direct:

http://cgi.ebay.com/BusinessEquipmentFunding-Leasing-Domain-800-LEASE-03-/140586991806?pt=LH_DefaultDomain_0&hash=item20bba340be

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Job-Applications.Com Highlighted

Other e-Mail Posting Sites was started several years ago to help both those seeking employment as well as employers. The list grew just from companies who specialized in financial employment to a broader spectrum.

Job-Applications.com is a good example. It is a resource that provides hundreds of printable and online applications for retail stores, department stores, pharmacies, grocery stores, restaurants, shops, etc. Its a great way for people to find part time and full time work quickly.

There are hundred of online applications and printable job forms.

Most of these sites are free:

www.adams-inc.com
www.affinitysearch.com
www.bajobs.com
www.careerbank.com
www.careerbuilder.com
www.careerpath.com
www.careerjet.com
www.craigslist.org
ELFA Career Center
www.FinanceLadder.com
http://www.findhow.com/
www.hotjobs.com
www.indeed.com
www.jobs.net
www.jobs-applications.com
www.jobssearchengine.net
www.jobsearchusa.org
www.JobSpin.com
www.jobsinthemoney.com
www.ladders.com
www.leasingworld.co.uk
www.lessors.com
www.MarketingJobs.com
www.monitordaily.com
www.monster.com
www.monstertrak.monster.com/
www.Postonce.com
www.RecruiterConnection.com
www.resumeblaster.com
www.toplanguagejobs.com
www.vault.com
www.vetjobs.com
www.worktree.com
www.worldleasingnews.com

 

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Leasing Industry Help Wanted

EQUIPMENT LEASING SALES Nationwide- Grand Island, Nebraska AXIS Capital, Inc. has immediate opportunities in Texas (Houston or Dallas based) for experienced customer direct leasing sales executives with established current end user relationships preferred. AXIS Capital Inc. is a National Independent Leasing company. Our ideal candidate will have the opportunity to utilize their industry expertise with the opportunity to grow their existing equipment lessee customer base. Position Requirements: • Candidates will possess exceptional verbal, written and    customer service skills. • Proficient in Excel, Word, Outlook, PowerPoint. • Self-motivating and organizational skills. • Travel required Competitive salary, health insurance, 401K, life Insurance, paid vacations and holidays. If you possess the required experience and feel you have what it takes to succeed, please email your resume to hr@axiscapitalinc.com or send your resume to PO Box 2555, Grand Island, NE 68801. www.axiscapitalinc.com

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

 

Leasing News Help Wanted Ad Pricing

Help Wanted Web Ad New Programs Classified Ad Section (rotates chronological above headlines and also appears in Classified Ad section.) * 15 days in a row: $395 four lines (a space is a line) ($25 each additional line or space) 30 days in a row: $595 four lines (a space is a line) ($40 each additional line or space) Design work is free. Logo is free as well as company description not to exceed the number of lines of the ad. Also free: click to a click to a web site or a full description of the position. Ads are placed in the "Help Wanted' section by category, alphabetical, with the ad with the most lines first in the group. They appear on the web site and in each news edition at the top in a rotation basis per issue. * Help Wanted” ads  appear in each issue on a chronological basis above the top headline as a courtesy. This position is not available as a paid position, but is generally on a rotation basis.  At the same time, the ad continues in the classified help wanted section in the news edition and web site, so in effect appears twice. Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board

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Leasing News Complaint Bulletin Board
Newport Financial Partners, Newport Beach, California

This is the second complaint for Newport Financial Group, Newport Beach, California; the first was posted, then removed as the advance rental was returned. This is the second complaint, and thus the policy changes as it is now being posted.

While there may be two sides to this new complaint, this complaint appears legitimate because it involves "training" as the collateral. "Training" is not personal property. There also is the issue of the two Exhibit A, with one for”Equipment Line of Credit costs not to exceed $75,000.00 USD;” a more recent one “Equipment Costs not to exceed $20,000.00 USD.” And again, this is from a non-licensed broker/lender in California reportedly doing business with Financial Pacific, Federal Way, Washington, who is a California licensed broker/lender. Leasing News received no response from Financial Pacific on this company.

James Case, James Case Enterprises, Inc., dba Specialty Medical Supply, Wyckoff, New Jersey, describes the complaint:

“It was back in February that I got a call from Nathan Brandt at Newport Financial who asked if my company needed any financing. I told him about the training at ABSLLC to become a licensee in medical billing costing $25,000. Also, my company rents durable medical equipment, and I told Nathan about my plan to purchase some cold therapy pumps. He started to structure a $75,000 lease funding agreement. The deal took so long to develop that I took advantage of a discount rate of $20,000 for the training with ABSLLC. While I was in Texas the first week in April for the training Nathan called me. I told him that I was no longer interested in purchasing the medical equipment and that I had already paid for the training in the new business of medical billing. Nathan indicated that he would structure a new deal for $20,000 to reimburse my company for the training with ABSLLC without the purchase of equipment. A month later in early May he sent the lease agreement for $20,000 that asked for the deposit of $1,610.72. I sent the signed lease agreement with the payment on May 11th. I never heard again from Nathan Brandt despite leaving numerous voicemail messages.

“I finally got a call from George Bojorkuez in June, and he said that Nathan Brandt was no longer with Newport Financial. I asked him to return my deposit; however, he said the deal might still be funded if I supplied proof of payment to ABSLLC, which I did. Since that time in the middle of June I have not been able to speak with anyone at Newport Financial.”

George Bojorkuez, Director of Business Development, stated:

“Thank you for your involvement on this transaction but I do not know if the lessee made you aware that at the time of him signing our closing docs he did NOT disclose to us that this transaction had been paid for a month a half prior. Under any circumstance, this borderlines fraud. I had spoken to him that trying to find a lender for this will prove extremely difficult and the fact that he attempted to sneak this past us will immediately deem his deposit as non-refundable and a breach of contract on his behalf. As per our documents, he jeopardized our ability to secure him funds for the purchase of capital equipment by failing to disclose the nature of his transaction. We were of the understanding that his transaction was for a new purchase, however, we came to find out that it was for a sale leaseback. When we discovered this transaction was indeed a sale leaseback, the time from Mr. Case paying for the equipment to us discovering it was a sale leaseback had already exceeded the length of time requirements needed to fund a sale leaseback transaction.

“I will concede that our communication with him was not as expedient as it should have been, but Mr. Case’s calling us a fraudulent company is entirely baseless. He’s the type of lessee that should be recommended to the lease police for other lenders or brokers to be aware of. We have documentation that he did NOT disclose to you of his payment to his vendor in March when we closed on him in May. We received this documentation proving he paid for the equipment on June 17, 2011. The documentation shows he paid for the equipment on March 23rd, 24th, and 25th. This guy knows what he was trying to do, but came to you for help to avoid being held accountable for his breach of contract and for his attempt at fraud. It appears in Mr. Case’s complaint he failed to disclose to you the very important details I mention in this response. I hope my response to your email satisfactorily explains this situation.”

When the subject about the collateral being “training” was brought to his intention, he responded along with a copy of the Exhibit "A” (not dated) stating “Equipment Costs not to exceed $20,000.00 USD)”

“As mentioned before I understand where you are coming from but this customer knowingly decided not to disclose the fact that the software/eqp was paid. When asking to provide proof of him informing us or disclosing to us he fails. In addition, our exhibit A had him down for software and eqp, which is very frequently financed. Our documents also specify:

“No oral agreement, guarantee, promise, condition, representation or warranty shall be binding on Lessor. All prior conversations, agreements or representations related hereto and/or to the Equipment are integrated herein. No modification hereof shall be binding unless in writing and signed by Lessor.”

“We stand by our decision in this particular instance and the customer is not eligible for a refund though we will honor and apply his good-faith deposit to any future financing needs. In the past we had a situation such as this where a deal funded only to have the payment rejected by the vendor because they already received payment months prior to us funding the deal. This put a lot of stress and pressure on our relationships with our respective funding sources and we cannot allow this without people being held accountable.”

Copy of Lease Agreement and fax dated June 17, 2011 to George Bojorkuez
(Note: Exhibit A has no dates of full description, but states "*Equipment Line of Credit costs not to exceed $75,000.00 USD).
http://leasingnews.org/PDF/NewportFinancialContrat8111.pdf

Exhibit "A" sent by George Bojorkuez (states Equipment Costs not to exceed $20,000.00 USD)
http://leasingnews.org/PDF/ExhibitAJamesCaseEnterprises.pdf

BBB Rating shows Coastland Capital at this address with an "A" rating:
http://www.la.bbb.org/business-reviews/Unable-To-Classify/Coastland-Capital-in-Newport-Beach-CA-22000157

There is a “B-“ BBB Rating for Newport Financial Partners at 2549-B Eastbluff Drive #105, Newport Beach, Ca. with George Bojorkuez as managing partner and Richard Nicholson as Managing Partner and the address matches the original complaint of November 15, 2010 as a UPS Store Location:
http://www.la.bbb.org/business-reviews/Other-Financial-Services/Newport-Financial-Partners-LLC-in-Newport-Beach-CA-100100708

Leasing News has confirmed the 4500 Campus Drive, suite 119, Newport Beach, California is a physical office suite with Newport Financial Partners as the tenant.

November 15, 2010 Bulletin Board Complaint:
http://leasingnews.org/PDF/November15BulletinBoardComplaint.pdf

John Kenny Receivables Management www.jrkrmdirect.com • End of Lease Negotiations & Enforcement • Fraud Investigation • Credit Investigations • Asset Searches • Skip-tracing • Third-party Commercial Collections The Solution to Your Credit & Accounts Receivable Needs John Kenny 315-866-1167 |  John@jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

Madison, Wisconsin-- Adopt-a-Dog

Timmy - 13476737

PrimaryBreed: Pointer
SecondaryBreed: Mix
Sex: Male
Altered: No
Site: Foster Program
Stage: Yes

"I'm a pointer pup, about 9 months old, looking for a special home. See, I was running loose in the country for a while, and I was pretty scared. Now that I'm safe in a foster home, I'm learning to trust people and live in a secure home where I belong. My foster mom says I look a lot like the Poky Little Puppy, and I'm just the sweetest. I'm looking for a mature family that understands how to patiently and kindly provide me with structure and guidance. I gain confidence when I'm with other dogs, so if you have a pooch that would show me the ropes, that'd be ideal! I'm still working on housetraining and am learning to love my crate. If you have lots of patience, can provide gentle leadership, and would enjoy watching me blossom, contact my foster mom at (608) 338-8156. I'm a softie who's learning how to respect the four cats in my foster home. If you're a softie too, call to meet me at my foster home on the near East side of Madison."

Sponsored By: Aaron & Sarah
Sponsor Message: You are such a sweet, smart boy, Timmy! We hope you find a permanent home with lots of love soon:)

Adoption Process;
http://www.giveshelter.org/adoption-process.html

Dane County Humane Society
5132 Voges Road, Madison, WI 53718
Phone: (608) 838 - 0413

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

News Briefs----

Cost cutting planned by Integra Bank's new owner
http://www.chicagotribune.com/news/chi-ap-in-integrabank-closu,0,1375343.story

Bank buyouts hassle customers
http://www.bankrate.com/financing/banking/bank-buyouts-hassle-customers/

1,100 Illinois workers to lose jobs by year's end
http://www.chicagotribune.com/business/ct-biz-0803-illinois-job-cuts-20110803,0,5307233.story

Hooters' Vegas resort files for Chapter 11
http://www.upi.com/Business_News/2011/08/02/Hooters-Vegas-resort-files-for-Chapter-11/UPI-78361312302166/

Condo Buyers Can Sue Trump for Misrepresenting Ties to Project
http://www.courthousenews.com/2011/08/02/38665.htm

Failed Banks: Class of 2011
http://www.snl.com/InteractiveX/article.aspx?CDID=A-12183334-14127&KPLT=2

Apple's iCloud.com is already online in sneak peek
http://blog.iphoneguide.com/2011/08/apple-icloudcom-sneak-preview.html

Unique Malware Continues its Rise
http://www.esecurityplanet.com/features/article.php/3937986/Unique-Malware-Continues-Its-Rise.htm

Tony Bennett Turns 85 today, Wednesday, August 3
http://www.youtube.com/watch?v=uZ6zVW3V1hc
This song which became Tony Bennett's trademark was written in 1954 George C. Cory Jr. (music) and Douglass Cross (lyrics).
http://www.sfheart.com/mps/ILeftMyHeartInSanFrancisco.mp3

 

You May Have Missed---

Media Malpractice on Debt Ceiling
Five ways media misreported deficit debate
http://www.fair.org/index.php?page=4370

 

Sports Briefs----

Aubrayo Franklin picks Saints over 49ers
http://www.mercurynews.com/49ers/ci_18602262

 

California Nuts Briefs---

Budget cuts leave California with fewer hands to fight wildfires
http://www.sacbee.com/2011/08/01/3807675/budget-cuts-leave-california-with.html

Gov. Brown says debt-ceiling crisis shows nation is becoming ungovernable
http://www.mercurynews.com/politics-government/ci_18603234?nclick_check=1

    1492--- Christopher Columbus ( Christophe Colombo ) set sail half a hour before sunrise from the harbor of Palos, Spain. With three ships, Nina, Pinta and Santa Maria, and a crew of 90, he sailed
“for Cathay” but found instead a New World of the Americas, first landing at Guanahani ( San Salvador Island in the Bahamas ) October 12. He returned 224 days later, on March 14, 1493, to Lisbon, where he dispatched two letters of identical content, one to Raphael Sanchez and the other to Luis de Santangel, to describe the new world he had discovered. While he never set foot on the mainland of the United States or even called it America, he described what he thought were
islands of China. He was to return to the area three more times. During his fourth and final expedition (1502-1504) Columbus ( who’s Italian name was Cristo Columbo---history changed it to Columbus
on a map written in Latin ) discovered Martinique, and explored the coasts of present-day Honduras, Nicaragua, Costa Rica, and Panama.
(lower part of http://memory.loc.gov/ammem/today/aug03.html )
    1492-The first letter containing a description of America was probably written by the explorer Christopher Columbus. He dispatched two letters of identical content, one to Raphael Sanchez and the other to Luis De Santangel. The first use of the word “America” came from German mapmaker Martin H. Waldessmuller, who named the new land in a map in the honor of Italian explorer Amerigo Verspucci of his discoveries in South America. Other map makers took copies his maps
and names, including “America.”
    1610 --Henry Hudson of England discovers a great bay on the east coast of Canada and names it for himself.
    1804 - US Commodore Edward Prebble's squadron bombarded Tripoli inflicting heavy damages on the city though this engagement would be indecisive. In the late summer of 1804 President Thomas Jefferson sent Commodore Edward Preble and Captain Stephen Decatur with the Constitution, three brigs, three schooners, two bombs and six gunboats, manned by only 1,060 men to attack Tripoli. That Moorish city, at that time, was well walled, protected by judiciously constructed batteries mounting 115 pieces of heavy cannon, and defended by 25,000 Arabs and Turks. Besides, the harbor was encircled by 19 Moorish gunboats, two gallies, two schooners of eight guns each and a brig carrying 10 guns, forming a strong line of defense at secured moorings and extending more than two miles in length. Although energetically executed, Preble's attacks highlighted the difficulty of winning with bombardment. First, he had no intelligence on how the defenders were holding up under the attacks. More fundamentally, lacking any ground force to put ashore and compel capitulation, Preble had to hope that the enemy would decide to give in rather than endure. (My son Dash is a plank holder of the USS Prebble, named after the Commodore.)
    1882 -- Congress passes the Immigration Act, banning Chinese immigration for ten years.
    1900- Ernie Pyle was born at Dana, MN, and began his career in journalism in 1923. After serving as managing editor of the Washington Daily News, he returned to his first journalistic love of working as a roving reporter in 1935. His column was syndicated by nearly 200 newspapers and often focused on figures behind the news. His reports of the bombing of London in 1940 and subsequent reports from Africa, Sicily, Italy and France earned him a Pulitzer Prize in 1944. He was killed by machine-gun fire at the Pacific island of le Shima, Apr 18, 1945.
    1900- Central figure in a cause célèbre (the “Scopes Trial” or the “Monkey Trial”), John Thomas Scopes was born today at Paducah, KY. An obscure 24-year-old schoolteacher at the Dayton, TN, high school in 1925, he became the focus of world attention. Scopes never uttered a word at his trial, which was a contest between two of America’s best-known lawyers, William Jennings Bryan and Clarence Darrow. The trial, July 10—21,1925, resulted in Scopes’s conviction. He was fined $100 “for teaching evolution” in Tennessee. The verdict was upset on a technicality and the statute he was accused of breaching was repealed in 1967. Scopes died at Shreveport, LA, Oct 21, 1970.
    1904—Use of “American” as an adjective instead of “United States” was officially recommended by John Hay, secretary of state, who instructed American diplomatic and consular officers to adopt it.
    1911--Danish woodcarver Charles Looff delivered the classic carousel to the Santa Cruz Beach Boardwalk, California.. A furniture-maker by trade, Looff began carving carousel animals as a hobby after immigrating to America. His first carousel was installed at Coney Island in New York in 1875. The Boardwalk carousel features jeweled horses and a 342-pipe Ruth band organ built in 1894. The carousel and the park’s Giant Dipper roller coaster were designated National Historic Landmarks by the US National Par
    1923 - Calvin Coolidge was sworn in as the 30th president of the United States, following the death of Warren G. Harding. It took several hours for the news of President Warren G. Harding's death in California to reach the small town of Plymouth, Vermont, where he was enjoying a short vacation, but by 2 a.m., Coolidge was told that Harding was dead. Traditionally, the president is sworn in by the chief justice of the Supreme Court--but he slept 500 miles away. At 2:30 a.m. on August 3, 1923, Coolidge's father, a notary public, administered the oath of office to his son by the light of a kerosene lamp.
http://memory.loc.gov/ammem/today/aug03.html
    1926 --Tony Bennett Birthday, born Anthony Tony Benedetto, New York, NY.
http://www.jazzdiscography.com/Artists/Bennett/
http://www.tony-bennett.com/newsFr.html
http://www.tonybennettart.com/index2.html
   1944---WITEK, FRANK PETER Medal of Honor
Rank and organization: Private First Class, U.S. Marine Corps Reserve. Born: December 1921, Derby, Conn. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving with the 1st Battalion, 9th Marines, 3d Marine Division, during the Battle of Finegayen at Guam, Marianas, on 3 August 1944. When his rifle platoon was halted by heavy surprise fire from well-camouflaged enemy positions, Pfc. Witek daringly remained standing to fire a full magazine from his automatic at point-blank range into a depression housing Japanese troops, killing 8 of the enemy and enabling the greater part of his platoon to take cover. During his platoon's withdrawal for consolidation of lines, he remained to safeguard a severely wounded comrade, courageously returning the enemy's fire until the arrival of stretcher bearers, and then covering the evacuation by sustained fire as he moved backward toward his own lines. With his platoon again pinned down by a hostile machinegun, Pfc. Witek, on his own initiative, moved forward boldly to the reinforcing tanks and infantry, alternately throwing hand grenades and firing as he advanced to within 5 to 10 yards of the enemy position, and destroying the hostile machinegun emplacement and an additional 8 Japanese before he himself was struck down by an enemy rifleman. His valiant and inspiring action effectively reduced the enemy's firepower, thereby enabling his platoon to attain its objective, and reflects the highest credit upon Pfc. Witek and the U.S. Naval Service. He gallantly gave his life for his country
   1945 - An American communiqué announces that US B-29 Superfortress bombers dropping mines over Japan have now sealed off all of the main ports, leaving the country totally blockaded. In a report by the US 20th Air Force, it is noted that every harbor of consequence in Japan and all those in Korea have been mined and it is estimated that hundreds of thousands of tons of shipping have been sunk or damaged since the mining program began in March.
    1946---Top Hits
The Gypsy - The Ink Spots
Doin’ What Comes Naturally - Dinah Shore
They Say It’s Wonderful - Frank Sinatra
New Spanish Two Step - Bob Wills
    1948 --Negro League legend Satchel Paige makes his major league debut hurling seven innings to lead the Indians over the Senators, 5-3.
    1950 - Eight Corsairs of VMF-214, the famed "Black Sheep" squadron of World War II, led by squadron executive officer, Major Robert P. Keller, launched from the USS SICILY and executed the first Marine aviation mission in the Korean War in a raid against enemy installations near Inchon. After the F4Us delivered their incendiary bombs and rockets on their targets, the Marines concluded their greeting to the Communist troops with a series of strafing runs
    1954 - For that time, a record divorce settlement was awarded to Mrs. Barbara (Bobo) Rockefeller when her ex, Winthrop Rockefeller, was ordered to pay $5,500,000 to his ex-wife.
    1954---Top Hits
Sh-Boom - The Crewcuts
The Little Shoemaker - The Gaylords
Hey There - Rosemary Clooney
One by One - Kitty Wells & Red Foley
    1958 - The submarine USS Nautilus began the first crossing of the Arctic Ocean under ice cap. With a crew of 116 men, the Nautilus was commanded by William R. Anderson. The Nautilus was the world's first nuclear powered submarine.
    1959-"A Big Hunk of Love" becomes Elvis Presley's fourteenth straight Gold record.
    1959--- Folk group The Kingston Trio is featured on the cover of Life magazine.
    1962---Top Hits
Roses are Red - Bobby Vinton
The Wah Watusi - The Orlons
Sealed with a Kiss - Brian Hyland
Wolverton Mountain - Claude King
    1963 - The college football all-stars beat the Green Bay Packers 20-17. It was a huge upset as the college team had been underdogs with odds of 50-1.
    1963---The Beatles appeared at The Cavern Club in Liverpool for the very last time. They had performed 274 concerts at the dingy, basement club since their debut there 2½ years earlier. Their first gig paid them £5 ($14) and their last brought in £300 ($840).
    1963 - Capitol Records released The Beach Boys’ song, "Surfer Girl". It became one of their biggest hits, making it to number seven on the hit music charts on September 14, 1963.
    1963 - Warner Brothers Records released comedian Allan Sherman’s summer camp parody, "Hello Mudduh, Hello Fadduh! (A Letter from Camp)". The song would go to number two on the pop charts on August 14, 1963.
    1965 - No. 1 Billboard Pop Hit: ``I'm Henry VIII, I Am,'' Herman's Hermits. The song was written in 1911 by Fred Murray and R.P. Weston and was popularized at the time by Cockney comedian Harry Champion.
    1965 - CBS-TV news shows pictures of men from the First Battalion, Ninth Marines setting fire to huts in the village of Cam Na, six miles west of Da Nang, despite reports that the Viet Cong had already fled the area. The film report sparked indignation and condemnation of the U.S. policy in Vietnam both at home and overseas. At the same time, the Department of Defense announced that it was increasing the monthly draft call from 17,000 in August to 27,400 in September and 36,000 in October. It also announced that the Navy would require 4,600 draftees, the first such action since 1956.
    1968—Birthday of Rodney Roy “Rod” Beck, baseball player, born Burbank, Ca.
    1967 -- President Lyndon B. Johnson announces plans to send 45,000 more troops to Vietnam.
    1968 - "Hello, I Love You," recorded by The Doors, jumped into the top spot on Billboard's hit record charts, and stayed there for 2 weeks.
    1969---Everly Brothers Concert, Fillmore West, San Francisco
http://www.wolfgangsvault.com/everly-brothers/concerts/fillmore-west-august-03-1969.html
    1970 - Hurricane Celia struck the coast of Texas producing wind gusts to 161 mph at Corpus Christi, and estimated wind gusts of 180 mph at Arkansas Pass. The hurricane was the most destructive of record along the Texas coast causing 454 million dollars damage, and also claimed eleven lives
    1970---Top Hits
(They Long to Be) Close to You - Carpenters
Make It with You - Bread
Signed, Sealed, Delivered I’m Yours - Stevie Wonder
Wonder Could I Live There Anymore - Charley Pride
    1971-Ringo Starr receives a gold record for "It Don't Come Easy." He wrote the tune himself.
    1975 - No. 1 Billboard Pop Hit: ``Jive Talkin','' The Bee Gees.
    1978---Top Hits
Shadow Dancing - Andy Gibb
Baker Street - Gerry Rafferty
Miss You - The Rolling Stones
Only One Love in My Life - Ronnie Milsap
    1979 - "Tonight Show" host Johnny Carson, appeared on the cover of the Burbank, California telephone directory.
    1979-The Knack hit the top of both the album and singles charts, with their LP, "Get The Knack" and the single, "My Sharona."
    1979 - Jai-alai player Jose Ramon Areitio threw the fastest ball ever recorded at a speed of 188 mph (301 kph). Jai-alai is a sport that originated in the Basque region of Spain and France, and it consists of throwing a ball with a long, curved basket against a wall.
    1979-The Knack hit the top of both the album and singles charts, with their LP, "Get The Knack" and the single, "My Sharona.
    1981 - United States air traffic controllers went on strike, despite a warning from President Ronald Reagan that they would be fired.
    1984 - At the 1984 Olympics held in Los Angeles, American Mary Lou Retton won gold in all-around gymnastics.
    1985 - Mail service was reinstated to Paradise Lake, Florida, a nudist colony, after residents promised they would wear clothes or at least stay out of sight when the mailperson came to deliver.
    1985-Bruce Springsteen's "Glory Days" peaks at #5 on the chart, while Sting's "If You Love Somebody Set Them Free" peaks at #3
    1986---Top Hits
Glory of Love - Peter Cetera
Papa Don’t Preach - Madonna
Mad About You - Belinda Carlisle
Nobody in His Right Mind Would’ve Left Her - George Strait
    1987 - Joe Niekro got a 10 day suspension for throwing scuffed baseballs. At first he denied the charge made by the home plate umpire, but changed his tune when an emery board fell out of his pocket during an inspection.
    1987 - The Iran-Contra congressional hearings ended, with none of the 29 witnesses tying President Ronald Reagan directly to the diversion of arms-sales profits to Nicaraguan rebels.
    1987-Def Leppard releases their "Hysteria" LP.
    1988-Steve Winwood's "Roll With It" hits #1 on the chart. Billboard ranks this the top song of the year.
    1989 - Thunderstorms representing what remained of Hurricane Chantal drenched Wichita, KS, with 2.20 inches of rain in four hours during the early morning. Thunderstorms developing in Minnesota produced wind gusts to 85 mph at Baudette during the afternoon, and softball size hail at Lake Kabetogama, during the evening. Jamestown, ND, reported a record hot afternoon high of 103 degrees
    2002 --In just the first four innings, Edgar Martinez ties a the major league record for sacrifice flies in a game with three. The Mariners' designated hitter becomes the 11th player in history to accomplish the feat doing it in his first three at-bats in Seattle's 12-4 victory over the Indians.
    2006--- The 715th home run ball hit by Barry Barry Bonds to pass Babe Ruth for second place on the all-time career list fetches $220,100 during an 10-day EBay auction. The money, which will go to Andrew Morbitzer, the fan who caught the ball, is much less than the $800,000 dished out in 2004 for the ball the Giants left fielder's hit for his 700th career homer.