Today's Equipment Leasing Headlines
Apology to Ability Capital Solution
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Apology to Ability Capital Solution
Last week, Leasing News ran a story about a complaint from Bryan Kastleman of Kastleman & Associates, Inc., Austin, Texas, regarding a $9,594.36 deposit which was allegedly not returned by Ability Capital Solutions of Long Beach, California. No response was received from Ability Capital to the complaint.
In the course of an independent investigation by Leasing News, several surprise documents were discovered which reflect that Mr. Kastleman was provided financing for some equipment, and that he agreed to the terms of the proposed financing, and that he signed an Addendum to the original brokerage contract which reflected his obligation to commence the financing. Leasing News has verified that the funding source was legitimate. Mr. Kastleman did not fulfill his obligation to commence the lease after it was arranged by Ability Capital.
Although Mr. Kastleman claimed to have “rescinded” the Addendum, such rescission does not appear to be legally effective. Thus, Ability Capital had the contractual right in my opinion under the original brokerage contract to withhold the deposit. It should also be noted that Ability Capital appeared to have worked diligently to obtain the financing.
Leasing News therefore is withdrawing this complaint from the Bulletin Board.
Christopher Menkin, Editor/Publisher
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Computer/Laptop/Cell/Smart Telephone/Tablet Survey
Thomas L. Cadle, CLP, Leasource Financial Services, Inc., Folsom, California sent out a survey to his lease broker email list regarding the use of cell, smartphones, computers, laptops and tablets.
The summary of the responses are presented below:
5) Has your personal day to day business routine changed
This survey went to our lease broker group that is made up of NAELB members and other independent lease brokers. The total list is around 835 and even though responses are still dribbling in, the total to date has been a little short of 70. The comments included have been very worthwhile from honest assessments of their market conditions and how their day to day activity has responded to that, and several that stated that they were receiving fewer calls because of the market and their extracurricular activities (spin classes).
By the way, we have been able to refer eight new members to the NAELB as a direct result of the mailing.
Thomas L. Cadle, CLP
Growth of Tablets and Smartphones
A joint survey from Intel and IDC of 3,977 adults, 40% of buyers are interested in upgrading a PC within the next 12 months. 97% of the computer users identify the PC as their primary computing device, 83% of the computer users believe it's more productive than a tablet or smartphone.
The study divided the group into those using a PC 4 years or older, and those who purchase a PC in the last 12 months. Between the two groups, 45% had tablets and 64% owned smartphones.
Both tablet and smartphone growth continues. According to a report by comScore, Google's Android operating system continues as the leader in the OS market in the United States with a 52% share. Apple, Inc., retains its lead as the largest smartphone manufacturer in the US. (although phones made overseas). Samsung Group has narrowed the gap, according to the comScore report.
For the second quarter, the Apple iPhone's market share in the U.S. was 39.9%, up from 39.0% in the first quarter. Smartphones sold by Samsung had a 23.7% share, up from 21.7%. Other smartphone manufacturers saw slight slips in market share, including:
HTC Corp. (8.5%, down from 9.0%),
An insider states that 25% of internet traffic today is mobile and next year it is expected to be 50%.
Leasing Industry Help Wanted
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Please see our Job Wanted section for possible new employees.
Stephanie Chipouras named Federal Sales Coordinator at TD Equipment Finance in Cherry Hill, New Jersey. "Chipouras is responsible for the maintenance and management of Prime Contractor relationships across Metro DC, Virginia and Maryland. She will work closely with Prime Contractors through all phases of the federal government procurement and appropriations process...Chipouras has 13 years of experience in banking, leasing and sales. She joined TD Equipment Finance in 2005 and most recently served as Operations Sales Support and Documentation Specialist in Cherry Hill. A Marlton, N.J., resident, Chipouras attended Susquehanna University in Selinsgrove, Pa."
RJ Grimshaw has joined Ervin Leasing, a subsidiary of Bank of Ann Arbor as executive vice president and chief sales officer. Previously he was vice-president, technology finance, EverBank (July, 2008-July,23013), vice president/director of sales-technology finance business unit, Key Equipment Finance (January, 2011-May, 2008), district sales manager, technology finance group, Conseco Vendor Sales (July, 1999-January, 2001), district sales manager, Tammac Corporation/M&T Bank (July, 1997-June, 1999), Founder-Principal, Scriba Town Inn (November, 1992-July, 1997), State University of New York Empire State College. www.linkedin.com/in/rjgrimshaw
Kurt Kolesha has joined Everbank Commercial Finance, Parsippany, New York as sales manager, Manufacturing Group; based in Hampton, New Hampshire. Previously he was vice president - regional manager US Bank Equipment Finance (June, 2011-June, 2013), senior business development manager, TCF Equipment Finance (May, 2009-June, 2001). www.linkedin.com/pub/kurt-kolesha/19/b8b/884
Mark Marinik named executive vice president and director of commercial equipment finance for BBVA Compass, Birmingham, Alabama, "...an equipment leasing and financing division that will help businesses get “everything from new aircraft to rail cars and medical equipment...The division will be based in Cleveland. Marinik previously was president of Charter One’s leasing affiliate.
Jay Wilensky named vice-president, accounting & finance, Chicago Freight Car Leasing Co., a subsidiary of Sasser Family Holdings. "Wilensky, now in his 26th year with Chicago Freight Car Leasing, began his career in public accounting with KPMG, then known as Peat, Marwick, Mitchell, & Co. He joined Chicago Freight Car Leasing as assistant controller and took on increasing responsibilities during his tenure, most recently as Director of Accounting and Company Controller. Jay Wilensky is a Certified Public Accountant. He graduated from Indiana University - Bloomington, where he studied business with a concentration in accounting. He and his wife Dina, and daughter Carly reside in Deerfield, Illinois."
Sales Makes it Happen
Talent Crisis Looms in the Future
At least a few companies are beginning to realize that the pool of experienced leasing sales professionals and executives will begin to evaporate during the next ten, maybe fifteen years. As 70 million Baby Boomers retire, as the leasing industry executives are retiring now, close to retiring, or can't for another ten years, who will be replacing them. Equipment finance companies, like all U.S. companies, are facing an unprecedented shortage of talent.
Right now we are seeing many corporate and government key management retire, but then go back to work for the same company or competitor as an "independent contractor." They keep their pension, but make about the same salary, sometimes higher as is happening in all industries from the court system, telephone company, utilities, or leave a bank for a corporate consulting job.
As leasing companies see the average age of their sales teams rising, the time is quickly approaching when they must step up efforts to recruit, train and retain sales professionals to replace not only retiring Baby Boomers, but younger team members who opt to ply their sales talents in other industries. For many companies, both large and small, mistakes in recruiting talent, and failure to retain talent, may impact their survival as competition for sales professionals heats up.
The dwindling supply of talent should be accompanied by increased costs of recruiting and retaining salespeople. The impact of these increased costs will be exacerbated by the consequences of bad hires. Smart management teams are already making plans to stop hiring and investing in poor performers. Identifying, hiring and retaining productive salespeople are fast becoming a top priority for leading edge companies in all industries.
Too many companies make the mistake of chasing superstars when they recruit sales talent. The problem with this approach, frankly, is that there aren't enough superstars to go around, and there will be fewer to choose from in the future. One of the keys to success is to concentrate on not hiring, promoting or training sub-par performers who don't have real potential for growth and improvement.
Sales team turnover, for many reasons, is unavoidable. Some turnover, at least in small amounts, is healthy for most companies. Fresh talent keeps the organization vital, as newcomers often bring new ideas and experiences that can benefit the business. But too much turnover is costly. For example, the turnover costs for telesales positions ranges from $75,000 to $90,000, while the total turnover costs for top sales producers can easily exceed $300,000!
Unless there is an unexpected explosion in the U.S. population, and a significant number of the new citizens turn out to be “born salespeople,” a talent crisis looms in the not too distant future for all U.S. companies.
About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling The E-Suite, The Proven System for Reaching and Selling Senior Executives and Five Minute Financial Analyst, Basic CREDIT & Analysis Tools for Non-Accountants. He was the CEO of a very successful leasing company and executive at a major company. You can reach Steve at email@example.com
Leasing News Advisor
Paul Weiss has been in and around equipment leasing for 27 years.
Among other leasing industry affiliations, Paul co-led the leveraged buyout of ICON Capital in 1996 with Beau Clarke (since deceased) and served as its President and Vice Chairman until he sold his substantial ownership stake in late 2006. ICON was then the largest in its field in syndication volume for lease investment programs to individual investors. He was responsible for the company's lease acquisitions and securities sales and marketing efforts. According to the Monitor, ICON became one of the largest independently owned leasing companies in the United States after it was acquired by Mr. Weiss and his partners in 1996.
In the first year after his non-compete clause ended, he was approached by a former ICON colleague to get back into the leasing business and form Panthera. Paul believed that after the industry pullback in 2008 there has been a lack of real equity in the leasing markets, and that many players had moved to more conservative financing type transactions as a consequence. Still, many sectors still require or desire traditional equipment based equity investors to have true lease and rental alternatives for equipment users. Panthera was therefore formed last year to "bring a substantial pool of capital to U.S. and European equipment leasing, renting and trading market" he is back with "creative problem-solving equity deals." Panthera enjoys substantial private equity backing. Since its formation Panthera has been active in such disparate markets as rail, aircraft rotables, locomotives and industrial equipment, and actively seeks out relationships with manufacturers, lessors and brokers for any equipment transactions where the equipment has a long useful life.
He is also a private investor and an Advisor to or Director of numerous Bay Area emerging growth companies. He is a frequent speaker on business development and entrepreneurship and a frequent judge on startup and emerging growth company financing competitions.
Prior to acquiring ICON in 1996 Mr. Weiss was Executive Vice President and a co-founder of Griffin Equity Partners (1993-1996), Senior Vice President of Gemini Financial Holdings, Inc. (1991-1993) and Vice President of Pegasus Capital Corporation (1988-1991); in each of these capacities he was responsible for large ticket seasoned lease portfolio acquisitions. Mr. Weiss believes he has been involved with more than $4 billion of large ticket leasing acquisitions during his career as a principal. He was named as one of the top 25 most influential in the leasing industry by Leasing News in 2009. Prior to entering the equipment leasing business in 1988, Mr. Weiss was an investment banker and securities analyst.
He is a longtime resident of Marin County, California. Paul can be reached firstname.lastname@example.org.
5 Ways Women Are Better Bosses Than Men
In the battle of the sexes, recent studies show that women have certain characteristics that make them better leaders--though men still hold the majority of these positions.
In the world of small business, there are more men than women bosses. However, two recent studies show that women may make for better leaders.
According to a survey conducted by Chris Bart, professor of strategic management at the DeGroote School of Business at McMaster University, and Gregory McQueen, a McMaster graduate and senior executive associate dean at Still University’s School of Osteopathic Medicine, women actually run better performing businesses than men.
Last year, Zeneger Folkman, a company that studies leadership, found that women rated higher than men on 12 out of 16 attributes tested. After analyzing 7,280 of their clients' performance evaluations, they found two traits where women outscored men significantly: taking initiative and driving results.
Here are five additional ways that women are more effective bosses than men, and tips on how everyone—men and women—can improve their leadership skills.
1. Better communicators. Women are better listeners than men, and this is exactly the skill that is most critical for managing employees and customers. According to Dr. Susan Sherwood, this is a result of women being more discussion oriented and men wanting to just take action. Men communicate through activities rather than conversations.
Why this is an important skill for everyone: Employees want their managers to hear their point of view, and customers want everyone to empathize with their problems. Being a better communicator will lead to a stronger relationship built on trust, which is critical to establishing loyalty.
2. Better community builders. Women are better consensus builders and don’t have the need like men to direct everyone in what to do. In this world of the connected Internet, “beta managers,” those that know how to build cooperative relationships, are becoming more successful than traditional “alpha managers."
Why this is an important skill for everyone: In the new book The Fall of the Alphas, Dana Ardi shows how the traditional top down, male dominated authoritarian leader is being replaced by a more collaborative and connected manager. She says that the best managers are learning to lead through the influence that comes from building collaboration rather than straight force or all out competition.
3. Stronger business ethics. Bart and McQueen find that women, who are effective managers, “acknowledge and consider the rights of others in the pursuit of fairness … that is consistently applied in a non-arbitrary fashion.”
Why this is an important skill for everyone: Running a small business is a minefield of ethical choices. When pushed to the limit, too many owners do the wrong thing and run askew of their own ethical (and sometimes legal) standards. A strong moral code will help business owners deal with these types of challenges, which will certainly push them to their limit.
4. More patience. Women are far more patient with employees than men. They are less likely to jump to an immediate conclusion or make a quick decision or take action too soon. A study commissioned by my Hermes shows that women are willing to wait longer for a desired result.
Why this is an important skill for everyone: For most small businesses, “overnight success” takes seven to 10 years. The winners are the ones that can be patient enough to take actions, which result in small steps toward a specific goal.
5. Better at activating passion. According to Jay Forte, author of Fire Up! Your Employees and Smoke Your Competition, women are “more astute about knowing how to activate passion in their employees. They watch the 43 muscles in your face and see how your emotions change.”
Why this is an important skill for everyone: Passion builds loyalty. Motivate your employees, and they’ll in turn be passionate about your product or service and company. As Sarah Robinson says in her book Fierce Loyalty, “in a social media world where most consumers check online reviews before buying, a fiercely loyal community is the strongest marketing strategy for any business.”
(Reprinted with the permission of the author)
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ELFA Announces Kevin P. Prykull to Receive
WASHINGTON, D.C. – The Equipment Leasing and Finance Association has selected Kevin P. Prykull, Senior Vice President and Credit Executive at PNC Equipment Finance, LLC, to receive its 2013 Distinguished Service Award. The award honors individuals who have made significant contributions to the association and the equipment finance industry. Prykull will be formally recognized during a ceremony at ELFA’s 52nd Annual Convention in Orlando, Fla., in October.
“We are delighted to recognize Kevin in appreciation of his outstanding contributions to ELFA and the equipment finance industry,” said ELFA President and CEO William G. Sutton, CAE. “Kevin’s dedicated volunteer spirit and service to our industry’s association, especially in the areas of credit and collections, have had a positive impact on the ELFA membership and the equipment finance industry.”
“Being selected as this year’s recipient of ELFA’s Distinguished Service Award is very much an honor and in many ways a humbling experience,” said Prykull. “There are so many active and engaged volunteers at ELFA and a very supportive staff to help facilitate the numerous initiatives that we have proposed, initiated and developed over the last several years. I have thoroughly enjoyed my involvement with the organization and feel that I have made a difference within the industry, especially with respect to the risk management and credit management functions.”
Mr. Prykull has been an active member of ELFA for more than 20 years. Since 2008, he has served as a member and guiding force on the association’s Credit and Collections (C&C) Planning Committee. The ELFA C&C Committee is an essential resource on risk management, credit underwriting, collections and portfolio matters for the equipment finance industry. The committee provides guidance on the training needs for credit and collections management personnel within ELFA member companies. It also helps plan and deliver business and professional development events, including the annual ELFA Credit and Collections Management Conference and Exhibition.
Mr. Prykull assumed the role of Committee Chair in 2011, and under his leadership the Credit and Collections Management Conference has experienced increased industry participation and positive feedback regarding the timeliness and relevance of the topics covered.
Mr. Prykull has served as a presenter not only at the Credit and Collections Management Conference, but also for ELFA’s web seminars, providing guidance on issues relating to credit and risk. He also introduced and developed with the committee an annual Credit Manager Conference Survey as a component of the Credit and Collections Management Conference. This survey provides insight into trends within credit and risk management as they relate to the equipment leasing and finance industry and is a compliment to the reinvigorated Collection Survey.
He has worked at PNC in risk management, credit policy, leasing and equipment finance for a combined 21 years. He first joined PNC in 1987 and worked in various credit and leasing roles until 1996. He returned in 1999 to establish a standalone credit function for PNC Leasing (the predecessor of PNC Equipment Finance). In his current role as the Credit Executive of the business, he manages all of the credit underwriting, portfolio management and credit administration functions for PNC’s equipment finance subsidiary. PNCEF has a portfolio in excess of $11 billion and is the fourth largest bank leasing company in the United States.
Previously he worked at Senstar Capital Corporation, an independent finance company; Amembal, Deane and Associates, a national lease consulting firm; Joy Manufacturing, a Fortune 500 manufacturer and captive lessor; and Equibank, a local regional bank. He has over 33 years of industry experience.
He holds a bachelor’s of science degree in accounting from Duquesne University and a master’s in business administration from Robert Morris University, where he graduated summa cum laude. He passed the Pennsylvania CPA exam, although he is not a practicing accountant. He also earned the Certified Lease Professional designation offered through the CLP Foundation and has maintained his credentials in good standing. Prykull serves as an adjunct professor in finance at Duquesne University, where he has taught for over 25 years. He is a member of the Duquesne University School of Business Alumni Association.
###Press Release ################################
BRUNO is a White Male (Neutered) Maltese mix who is 10 month and 13 days old. BRUNO has been at the shelter since Aug 1, 2013 and is awaiting a good home.
For more information or to adopt BRUNO please call the Long Beach Animal Care Services Bureau at (562) 570-7387. Please tell them you saw BRUNO on the FRIENDS website!
Friends of Long Beach Animals
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This Day in History
1777 - Bennington Battle, a major victor for the colonial army, primarily because the battle was delayed by rain. The rain delayed British reinforcements, and allowed the Vermont Militia to arrive in time, enabling the Americans to win a victory by defeating two enemy forces, one at a time
1780-In the Battle of Camden, S.C., American forces under Gen. Horatio Gates were defeated by the British under Gen. Charles Cornwallis. Baron Johann de Kalb, a Prussian officer who was commissioned a general in the Continental Army, was mortally wounded in the battle. Gates suffered disastrous losses. Nearly 1,000 Americans killed and another 1,000 captured by the British. British losses about 325. One of America's worst defeats in the war. General Washington replaced gates with Nathaniel Greene, who is credited with “brilliance” in turning the war situation around as outlined on his birthday, August 7.
1812 -- A mass meeting in NYC denounces the War of 1812.
1812-Brigadier General William Hull surrendered Detroit to British forces under General Isaac Brock, making no attempt to defend the city though the attacking force was smaller than his own. Hull was court-martialed two years later for yielding without resistance.
1813- Sarah Porter - U.S. educator. SP created Miss Porter's school in Farmington, CN, one of the outstanding school for girls in the nation. Raised in an exceptional family that produced a president of Yale College allowed her to study the classics to an extended degree, this brilliant woman started her successful school in 1843.Initially she kept the school small teaching Latin, French, German, chemistry, natural science, mathematics, history, geography, and music in addition to the basic subjects. She gradually added staff and accommodations but took pains to maintain the schools standards which were unique in the nation for their excellence. , She also demanded strong characters. She was also way ahead of her times by insisting on daily exercise for the girls.
1829- Taking the country by storm, Robert Hung of Boston, MA, brought the Siamese twins Chang and Eng into the United States. They were born on April 15, 1811, in Bangesau, Siam, of a Chinese father and a -Siamese mother. They were joined at the waist by a cartilaginous band about four inches long and eight inches in circumference. They grew to be about 5 feet 2 inches in height, and, since they faced in the same direction, could walk, run, and swim. They were exhibited throughout the United States and later in Europe. They were married in April, 1843 to two sisters, Sarah and Adelaide Yates. Chang had 10 children and Eng nine children. They died within three hours of each other on January 17,1874. The name “Siamese twins,” meaning twins whose bodies are connected in any of a variety of ways, is derived from them.
1861- Several newspapers in the Union states were brought to court for alleged pro-Confederate sympathies, including the Brooklyn Eagle, the New York Journal of Commerce, and the New York Daily News. On August 19, an editor for the Esses County Democrat in Haverhill, Massachusetts was tarred and feathered for his Southern leanings expressed in the newspaper.
1881--WILLIAMS, MOSES Wartime Medal
Rank and organization: First Sergeant, Company I, 9th U.S. Cavalry. Place and date: At foothills of the Cuchillo Negro Mountains, N. Mex., 16 August 1881. Entered service at. ------. Birth: Carrollton, La. Date of issue: 12 November 1896. Citation: Rallied a detachment, skillfully conducted a running fight of 3 or 4 hours, and by his coolness, bravery, and unflinching devotion to duty in standing by his commanding officer in an exposed position under a heavy fire from a large party of Indians saved the lives of at least 3 of his comrades.
1915-Birthday of singer Al Hibbler, Little Rock, AR
1909 - A dry spell began in San Bernardino County of southern California that lasted until the 6th of May in 1912, a stretch of 994 days! Another dry spell, lasting 767 days, then began in October of 1912. http://www.arjazz.org/artists/hof/1995/95_al_hibbler.html
1922- Louis Lomax, author, born.http://www.alan-lomax.com/about_bio.html
1916 - Altapass NC was deluged with 22.22 inches of rain in 24 hours to establish a state record
1926-Birthday of pianist Mal Waldron, New York City
1929—Pianist Bill Evans birthday
1931-Birthday of Eydie Gorme - U.S. pop vocalist. EG was a popular nightclub and recording star. She often appeared with her husband Steve Lawrence, but she maintained a much better separate recording career that kept her near the top of the charts for a long, long time. The duo had a TV show (1959).
1936 -- Jesse Owens leaves Berlin Olympics with four gold medals. 1938 - Benny Goodman and his band, and a quartet, brought jazz to Carnegie Hall in New York City. When asked how long an intermission he wanted, Benny said, "I don't know. How much does Toscanini get?"
1942 - For Columbia Records, Kay Kyser and the band recorded "A Zoot Suit", about the problems associated with wearing the garish, fashion.
1942 - A TWA transport carrying film actress Carole Lombard, her mother, and 20 other passengers, crashed near Las Vegas, Nevada. All aboard were killed.
1944 - General Dwight Eisenhower was appointed Commander-in-Chief of the Allied Expeditionary Force and asked to plan the launch of a second front in Western Europe.
1950-Nat “King” Cole with the Stan Ken Band, records “ Orange Colored Sky, “ Los Angeles.
1950-Birthday of drummer Alvin Queen, New York City.
Too Young - Nat King Cole
Come on-a My House - Rosemary Clooney
My Truly, Truly Fair - Guy Mitchell
Hey, Good Lookin' - Hank Williams
1952-SHUCK, WILLIAM E., JR.
Rank and organization: Staff Sergeant, U.S. Marine Corps, Company G, 3d Battalion, 7th Marines, 1st Marine Division (Rein.). Place and date: Korea, 3 July 1952. Entered service at: Cumberland, Md. Born. 16 August 1926, Cumberland, Md. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a squad leader of Company G, in action against enemy aggressor forces. When his platoon was subjected to a devastating barrage of enemy small-arms, grenade, artillery, and mortar fire during an assault against strongly fortified hill positions well forward of the main line of resistance, S/Sgt. Shuck, although painfully wounded, refused medical attention and continued to lead his machine gun squad in the attack. Unhesitatingly assuming command of a rifle squad when the leader became a casualty, he skillfully organized the 2 squads into an attacking force and led 2 more daring assaults upon the hostile positions. Wounded a second time, he steadfastly refused evacuation and remained in the foremost position under heavy fire until assured that all dead and wounded were evacuated. Mortally wounded by an enemy sniper bullet while voluntarily assisting in the removal of the last casualty, S/Sgt. Shuck, by his fortitude and great personal valor in the face of overwhelming odds, served to inspire all who observed him. His unyielding courage throughout reflects the highest credit upon himself and the U.S. Naval Service. He gallantly gave his life for his country.
1953-Birthday of Kathie Lee Gifford - U.S. TV personality who starred for many years in the hit daytime show Live with Regis & Kathie Lee. She retired from the show in 2000 to concentrate on her acting and singing.
1953-Birthday of singer James “JT” Taylor, South Carolina.
1958-Birthday of Madonna Louis Veronica Ciccone, known popularly as “Madonna, “ born Bay City, MI.
1952-Baritone saxophonist Gerry Mulligan, with Chet Baker, cuts first piano less quarter, Los Angeles (Pacific Jazz is born!!!)
1957--- Buddy Holly and The Crickets, still being billed by the band name only, begin a six-night engagement at Harlem's famed Apollo Theater, the first white rock act to play the venue. Although crowds boo a little at first -- many, including the venue, assumed they'd be seeing R&B vocal group The Crickets -- by the third night of the engagement Buddy's energy and songs have won them over.
1957-- Ricky Nelson releases "Be-Bop Baby"
1957-- The Everly Brothers release "Wake Up Little Susie," which becomes their number one big hit, although banned by many radio stations as it is about a girl who falls asleep at a party and wakes
up the next day.
A Big Hunk o' Love - Elvis Presley
My Heart is an Open Book - Carl Dobkins, Jr.
There Goes My Baby - The Drifters
Waterloo - Stonewall Jackson
1961 - Mickey Mantle signed the contract that made him the American League's highest paid baseball player. "The Mick" played the 1961 season for $75,000. In the National League, Willie Mays, made more money than any other baseball player with a contract for $85,000.
1962-Two years and four days after joining, Pete Best was fired from The Beatles by manager Brian Epstein, who was told by record producer George Martin that he wanted to use a more experienced session drummer on the band's recordings. . Incredibly, Epstein then asks Best to fulfill his commitment and play the group's show that night in Cheshire's Riverpark Ballroom, but when he doesn't show, the group is ready with a replacement: Johnny Hutchinson of fellow Merseybeat group The Big Three. John, Paul and George had long admired the work of Rory Storm And The Hurricanes' drummer Ringo Starr, who jumped at the chance to join them Fans will react badly to the news, pummeling the group at their next few shows, sending petitions to local papers, and shouting "Pete Best forever, Ringo never!" at the Cavern. After his dismissal, Pete Best would never have any further communication with his former mates.
1962-The first single by Little Stevie Wonder, "I Call It Pretty Music" was released. Marvin Gaye played drums on the track that failed to gain much attention. Twelve year old Stevie would have his first hit a year later with "Fingertips Pt. 2".
1962-Peter, Paul and Mary released their first US Top 10 hit, "If I Had a Hammer".
1962- Detroit harmonica prodigy "Little" Stevie Wonder releases his first single, "(I Call It Pretty Music, But...) The Old People Call It the Blues," featuring another newcomer, Marvin Gaye, on drums. It fails to chart.
1964 - In New York City, "Hello Dolly!" starring Carol Channing opened at the St. James Theatre. A musical adaptation of Thornton Wilder's play, "The Matchmaker", the show, was called the "possible hit of the season" by critics. "Hello Dolly!" played for 2,844 performances, before returning to in the 1990s with, again star, Carol Channing.
1965 - Reportedly, the San Francisco Giants continued to pay Willie Mays $105,000 a year. In exchange, he gave them a .317 batting average, a slugging percentage of .645, and 52 home runs in return. In 1965, Willie took home the MVP award.
Light My Fire - The Doors
All You Need is Love - The Beatles
Pleasant Valley Sunday - The Monkees
I'll Never Find Another You - Sonny James
1968-- The Jackson Five perform their first official live gig, opening for Diana Ross and the Supremes at the (Great Western) Forum in Los Angeles.
1969-The second day of three for The Woodstock Music and Art Fair on Max Yasgur's farm in Bethel, New York. Over 400,000 attend, most without tickets, which prompts officials to say the festival is open and free. Those up on stage include Jimi Hendrix, Santana, Sly and the Family Stone, the Who, the Grateful Dead, Joan Baez, Janis Joplin, Joe Cocker, Canned Heat, Crosby, Still Nash & Young and the Jefferson Airplane among others. Things that helped make Woodstock a unique event included, but were not limited to, rampant drug use, not enough food, and sanitation, three deaths, two births and four miscarriages. (1969)
Jive Talkin' - Bee Gees
One of These Nights - Eagles
Someone Saved My Life Tonight - Elton John
Wasted Days and Wasted Nights - Freddy Fender
1976 - A&M Records released the album, "Frampton Comes Alive". The double LP soon reached the top spot of the album charts for a 17 week stay. Its first year out, it sold 19 million copies.
1977- TCB (Taking Care of Business), Elvis Presley leaves Earth, as he was pronounced dead at the Memphis Baptist Hospital at 3:30pm, Eastern time, at the age of 42. In the first “Men in Black,” we see him leave our planet. Here it is the anniversary of his death is an occasion for pilgrimages by admirers to Graceland, his home and gravesite at Memphis, Tennessee. (official site for “live” coverage and movies: http://www.elvis-presley.com). After an examination of the body, it is revealed that Presley's body contained butabarbital, codeine, morphine, pentobarbital, Placidyl, Quaalude, Valium and Valmid. It had been five years since the King had a US Top Ten hit with the number 2 song, "Burning Love". His last US number 1 was 1969's "Suspicious Minds". He left an estate valued at 4.9 million dollars, which by 1993 had grown to between 50 and 100 million.
1979--The biggest single of the summer is The Knack's "My Sharona," which goes gold. The success of the group is the gimmick of Beatle-esque posturing which the group treats as tongue-in-cheek. The Knack disbands less than two years later.
1983-Paul Simon and actress Carrie Fisher get married. They would divorce in 1985
Every Breath You Take - The Police
Sweet Dreams (Are Made of This) - Eurythmics
She Works Hard for the Money - Donna Summer
He's a Heartache (Looking for a Place to Happen) - Janie Fricke
1984 - The U.S. Jaycees voted to admit women to full membership in the organization.
1984 - At the 11th annual American Music Awards, Michael Jackson received eight awards, including favorite pop and soul male vocalist, pop and soul album winner for "Thriller", pop and soul video winner for "Beat It" and best pop song for "Billie Jean".
1985-Madonna and actor Sean Penn get married in Malibu, as helicopters with photographers hovered overhead. They would divorce in 1989
1985 - Hugh Hefner took the staples out of "Playboy" magazine, ending its 30-year tradition of stapling centerfold models in the bellybutton. The decision made the centerfold more difficult to remove it.
1984-Los Angles federal jury acquits auto maker John Z DeLorean on cocaine charges.
1986- Madonna's "True Blue," album goes #1 for 5 weeks & her single "Papa Don't Preach," goes #1 for 2 weeks
1988- IBM introduces software for artificial intelligence.
(Everything I Do) I Do It for You - Bryan Adams
P.A.S.S.I.O.N. - Rhythm Syndicate
Every Heartbeat - Amy Grant
She's in Love with the Boy - Trisha Yearwood
Genie In A Bottle- Christina Aguilera
Bills, Bills, Bills- Destiny s Child
Tell Me It s Real- K-Ci
Summer Girls- LFO
2001-- After piloting the team 13 games above .500 in spite of numerous injuries to key players, manager Jimmy Williams is fired by the Red Sox. The ousted skipper is replaced by the club's well respected pitching coach, Joe Kerrigan.
2001- Barry Bonds' second home run of the game and 53rd of the season breaks the franchise record established by his godfather, Willie Mays. With his first homer, the left fielder eclipses the National League record for home runs by a left handed batter established in 1947 by another Giant, Johnny Mize.
2002 -after four days of delaying the decision, the executive board of the Major League Players' Association votes 57-0 to set an August 30 strike date. All eight previous negotiations since 1972 have resulted in work stoppages in the national pastime.
2003- The USPS unveils a new commemorative postage stamp of recently-deceased composer Henry Mancini, famous for the Pink Panther theme and several other film works.
2009- With his 3-for-4 performance in the Yankees' 10-3 loss in Seattle, Derek Jeter passes Luis Aparicio for most hits ever compiled by a major league shortstop. The New York infielder, collecting career hits #2,673 and #2,674 his first two at-bats, surpasses the Hall of Famer's total, who spent his 18-year career, ending in 1973, with the White Sox, Orioles, and Red Sox.
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
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