Pictures from the Past--Fred Van Etten
1997

“The man” in Houston, Texas. He recently left Redstone Bank.

 

TODAY

Frederick Van Etten
President, Scottrade Bank Equipment Finance
https://www.linkedin.com/in/vanetten

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Position Wanted – Asset Management
Will Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 

Asset Management

Dedicated and results driven, I have 17+ years of Asset Management experience with bank-owned equipment finance organizations. Additional experience in Documentation, Collections, Technology and Pricing has equipped me with a well-rounded understanding of the full lifecycle of each new opportunity. Willing to relocate. Let’s discuss what I can offer your organization. Email: mtrroc@gmail.com Resume

 

(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)

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Top Stories: August 8 - August 12
(Opened Most by Readers)

(1) No Longer taking Broker/Discounting Business
  plus Leasing Companies Out of Business
http://leasingnews.org/archives/Aug2016/08_12.htm#no

(2) Remembering George Davis
Longtime Friend of Leasing Passes Away
http://leasingnews.org/archives/Aug2016/08_08.htm#remembering

(3) "Complaints" Bulletin Board
       Leasing News
http://leasingnews.org/archives/Aug2016/08_08.htm#com_bb

(4) OnDeck is NOT a Marketplace Lender
   by Sean Murray, Founder, deBanked.com
http://leasingnews.org/archives/Aug2016/08_10.htm#ondeck

(5) Funders Looking for New Broker Business
   Updated
http://leasingnews.org/archives/Aug2016/08_10.htm#funders_up

(6) New Hires/Promotions in the Leasing Business
          and Related Industries
http://leasingnews.org/archives/Aug2016/08_12.htm#hires

(7) Delta identifies cause of computer crash
  that crippled flights Monday, not power outage
https://www.washingtonpost.com/local/trafficandcommuting/delta-identifies-cause-of-computer-crash-that-crippled-flights-monday/2016/08/09/65876f92-5e66-11e6-8e45-477372e89d78_story.html

(8) Court Refuses Summary Judgment on Copier Lease
  Without Corporate Resolution to Borrow
   By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Aug2016/08_08.htm#court

(9) Lending Club Mulls Committing Capital
           to Loans After Brutal 2Q
by Philip Ryan, www.bankinnovation.net
http://leasingnews.org/archives/Aug2016/08_10.htm#lc

(10) Archives: August 10, 2001, Jeff Allard
Last Day at Bay View Commercial Leasing, Readers say “Goodbye”
http://leasingnews.org/archives/Aug2016/08_10.htm#archive

 

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

Complaints Bulletin Board BBB Ratings
Leasing News

The following companies appear on the Leasing News
“Complaints” Bulletin Board:
http://www.leasingnews.org/bulletin_board.htm

Also may appear on Evergreen Abuse List

Ability Capital Solutions, Long Beach, California: F
ACC Capital, Midvale, Utah: A+
Balboa Capital, Irvine, California: A+
                   Blue Bridge Financial, LLC, Buffalo, New York: A+
De Lage Landen, Wayne, Pennsylvania: A+
iFinancial Group, San Clemente, California: A+
Integrity Financial Groups, Midvale, Utah  A+
Leasing Innovations, Inc., Solano Beach, California: A+
Liberty Capital, Aliso Viejo, California  N/R
MAC Financial Services, Scottsdale, Arizona: A+
Marlin Leasing, Mount Laurel, New Jersey A+
Jules and Associates, Los Angeles, California: A+
Matrix Business Capital, Long Beach, California: F
Mazuma Capital Corporation, Draper, Utah A 
Newport Financial Partners, Newport Beach, California: N/R
Onset Financial, South Jordan, Utah A+
Platinum Financial, Orange, California: A
Proviso Financial Services, Coquitlam, British Columbia: N/R
Radiance Capital, Tacoma, Washington: A+
Tetra Financial Group, Salt Lake City, Utah
US Business Funding, Santa Ana, California: A+

 

((Please click on ad to learn more))
(Leasing News provides this ad “gratis” as a meant
to help support the growth of Lease Police)

 

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BBB Leasing Company Ratings
August 15, 2016

http://leasingnews.org/items/BBB.jpg

Many banks and financial Institutions with leasing entities evidently do not have their leasing divisions separated from bank and financial institutions ratings. No rating was found on the leasing divisions.
Find your company's BBB listing by going to www.bbb.org and using your zip code first for the right division.
To list your company in the next listing, please email rating to kitmenkin@leasingnews.org

Full List
A+ 

--Accredited 12/16/1997
21st Century Leasing, San Diego, California
http://www.bbb.org/san-diego/business-reviews/leasing-service/21st-century-leasing-in-san-diego-ca-10011418/

ACC Capital, Midvale, Utah
http://www.bbb.org/utah/business-reviews/financial-services/acc-capital-in-midvale-ut-5002457
Closed, lenders running off portfolio residuals, according to Loni Lowder, President. Company in Leasing News Complaints re: Evergreen Clause.

--Accredited 9/10/2000
Advantage Leasing Corporation Milwaukee, Wisconsin
http://www.bbb.org/wisconsin/business-reviews/leasing-service/advantage-leasing-corporation-in-milwaukee-wi-1004216/

--Accredited 4/01/2002
Allegiant Partners, San Rafael, California
http://www.bbb.org/greater-san-francisco/business-reviews/leasing-service/allegiant-partners-incorporated-in-san-rafael-ca-46794

--Accredited 1/22/1999
Alliance Funding Group, Orange, California
http://www.bbb.org/orange-county/business-reviews/office-furniture-and-equipment-rental-and-leasing/alliance-funding-group-inc-in-orange-ca-13096486

--Accredited 9/01/2008
Arvest Bank Leasing, Fayetteville, Arkansas
http://www.bbb.org/arkansas/business-reviews/banks/arvest-bank-in-sherwood-ar-5001142

Atel Capital
http://www.bbb.org/greater-san-francisco/business-reviews/equipment-rentals-and-sales/atel-in-san-francisco-ca-76975

--Accredited 8/27/1999
Axis Capital, Grand Island, Nebraska
http://www.bbb.org/nebraska/business-reviews/office-furniture-and-equipment-rental-and-leasing/axis-capital-in-grand-island-ne-104008575  

--Accredited since 12/13/1999
Balboa Capital Corporation, Irvine, California (Many complaints in
Leasing News).
http://www.bbb.org/orange-county/business-reviews/loans-small-business/balboa-capital-corporation-in-irvine-ca-13126386

Bankers Capital
http://www.bbb.org/central-western-massachusetts/business-reviews/financing/bankers-capital-in-northborough-ma-262264

BSB Leasing, Englewood, Colorado
http://www.bbb.org/denver/business-reviews/financial-services/b-s-b-leasinginc-in-englewood-co-26029 

Business Leasing NorthWest, Seattle, California
(But BBB 12 closed complaints)
http://www.bbb.org/western-washington/business-reviews/leasing-service/business-leasing-northwest-in-seattle-wa-22035387

--Accredited since 6/03/2011
Channel Partners, Maple Grove, Minnesota
http://www.bbb.org/minnesota/business-reviews/financing-consultants/channel-partners-in-maple-grove-mn-96298573

--Accredited 6/20/1996
Charter Capital, Scottsdale, Arizona
http://www.bbb.org/central-northern-western-arizona/business-reviews/leasing-service/charter-capital-in-scottsdale-az-89000861/

--Accredited since 7/23/2013
CMS Funding, Wayne, New Jersey
http://www.bbb.org/new-jersey/business-reviews/loans/cms-funding-in-wayne-nj-90159003

--Accredited 4/6/2010
Cornerstone Medical & Technology Finance, Lees Summit, Missouri
http://www.bbb.org/kansas-city/business-reviews/financial-services/cornerstone-medical-and-technology-finance-in, -lees-summit-mo-99153606

CSI Leasing, St. Louis, Missouri
http://www.bbb.org/stlouis/business-reviews/computers-dealers/cs-i-leasing-in-saint-louis-mo-110207320

Dakota Financial, LLC., Los Angeles, California
http://www.bbb.org/sanjose/business-reviews/loans-small-business/dakota-financial-in-los-angeles-ca-13177252

De Lage Landen Financial Services, Incorporated, Wayne, Pennsylvania
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financing/de-lage-landen-financial-services-incorporated-in-wayne-pa-80012304/

--Accredited 07/29/2015
Direct Capital, Portsmouth, New Hampshire
http://www.bbb.org/concord/business-reviews/financial-services/direct-capital-corporation-in-portsmouth-nh-3004519#

Enterprise Capital Partners dba Enterprise Leasing, Spokane, Washington
http://www.bbb.org/eastern-washington/business-reviews/investment-advisory-service/enterprising-capital-partners-in-spokane-wa-64002656/   

Equilease Financial Services, Norwalk, CT (now part of North Mill Equipment Finance, a subsidiary of Colford Capital. North Mill Capital is rated A+).
http://www.bbb.org/connecticut/business-reviews/financial-services/equilease-financial-service-in-norwalk-ct-1003628

--Accredited 3/10/2011
Financial Pacific, Federal Way, Washington
http://www.bbb.org/western-washington/business-reviews/consumer-finance-and-loan/financial-pacific-leasing-in-federal-way-wa-22025327

--Accredited 12/27/2010
Great America Leasing, Cedar Rapid, Iowa
http://www.bbb.org/iowa/business-reviews/financing/great-america-leasing-in-cedar-rapids-ia-20000104

--Accredited 8/19/2011
iFinancial Group, San Clemente, California (many Leasing News
complaints)
http://www.bbb.org/orange-county/business-reviews/leasing-service/ifinancial-group-inc-in-san-clemente-ca-13077753

Integrity Financial Groups, Midvale, Utah (Many Complaints in Leasing News)
http://www.bbb.org/utah/business-reviews/financing-consultants/integrity-financial-groups-llc-in-midvale-ut-22293260

--Accredited 7/20/2011
Jules & Associates, Los Angeles, California
http://www.bbb.org/sanjose/business-reviews/office-furniture-and-equipment-rental-and-leasing/jules-and-associates-in-los-angeles-ca-92003291

--Accredited 1/2/1993
Key Equipment Finance aka KeyBank Headquarters Location 
http://www.bbb.org/cleveland/business-reviews/banks/keybank-in-cleveland-oh-6747

LEAF Financial Corporation, Philadelphia, PA
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financial-services/leaf-financial-corporation-in-philadelphia-pa-55049028/

--Accredited since 08/01/1997
Lease $mart, Oro Valley, Arizona  85737
http://www.bbb.org/tucson/business-reviews/leasing-service/lease-mart-in-tucson-az-6762 

Leasing Innovations, Inc., Solano Beach, California
 http://www.bbb.org/san-diego/business-reviews/financial-services/leasing-innovations-inc-in-solana-beach-ca-19005998

--Accredited 1/10/2013
Manufacturers' Lease Plans, Inc., Phoenix, Arizona
http://www.bbb.org/central-northern-western-arizona/business-reviews/leasing-service/manufacturers-lease-plans-inc-in-phoenix-az-88000426

--Accredited 2/22/2011
Marlin Leasing, Mount Laurel, New Jersey
http://www.bbb.org/new-jersey/business-reviews/business-consultants/marlin-leasing-in-mt-laurel-nj-80012102

--Accredited 8/12/2010
Navitas Lease Finance Corp., Ponte Vedra Beach, Florida
http://www.bbb.org/north-east-florida/business-reviews/financial-services/navitas-lease-finance-corp-in-ponte-vedra-beach-fl-125716478/

--Accredited since 08/09/2007
North Mill Capital, LLC, Minneapolis, Minnesota
http://www.bbb.org/minnesota/business-reviews/loans-small-business/north-mill-capital-in-minneapolis-mn-96063541

Onset Financial, South Jordan, Utah 
 http://www.bbb.org/utah/business-reviews/financial-services/onset-financial-in-south-jordan-ut-403

Orion First Financial, Gig Harbor, Washington
http://www.bbb.org/western-washington/business-reviews/consumer-finance-and-loan-companies/orion-first-financial-in-gig-harbor-wa-37003864

--Accredited since 09/02/1999
P&L Capital, Omaha, Nebraska
http://www.bbb.org/nebraska/business-reviews/office-furniture-and-equipment-rental-and-leasing/p-and-l-capital-in-omaha-ne-104006668

Pawnee Leasing, Fort Collins, Colorado
http://www.bbb.org/wyoming-and-northern-colorado/business-reviews/leasing-companies/pawnee-leasing-corporation-in-fort-collins-co-46006417

--Accredited since 08/21/2007
Portfolio Financial Servicing Company, Portland, Oregon
http://www.bbb.org/oregon/business-reviews/financial-services/portfolio-financial-servicing-company-in-portland-or-22140131

--Accredited 8/20/2009
Providence Capital Funding, Brea, California
http://www.bbb.org/orange-county/business-reviews/office-furniture-and-equipment-rental-and-leasing/providence-capital-funding-inc-in-brea-ca-100085193

Radiance Capital, Tacoma, Washington
http://www.bbb.org/western-washington/business-reviews/office-furniture-and-equipment-rental-and-leasing/radiance-capital-in-tacoma-wa-22227403

Somerset Capital Group, Milford, Connecticut
http://www.bbb.org/connecticut/business-reviews/leasing-service/somerset-capital-group-in-bridgeport-ct-1001573

--Accredited 03/03/1979
Steelcase Financial Services, Grand Rapids, Michigan
http://www.bbb.org/western-michigan/business-reviews/office-furniture-and-equipment-wholesale-and-mfg/steelcase-in-grand-rapids-mi-14000824

--Accredited 3/11/2015
Strada Capital Corporation, Laguna Hills, California
http://www.bbb.org/orange-county/business-reviews/office-furniture-and-equipment-rental-and-leasing/strada-capital-corporation-in-laguna-hills-ca-100005606

--Accredited 12/19/2007
Summit Funding Group, Cincinnati, Ohio
http://www.bbb.org/cincinnati/business-reviews/financing/summit-funding-group-inc-in-cincinnati-oh-1206757/    

Taycor Financial, Los Angeles, California
http://www.bbb.org/sanjose/business-reviews/office-furniture-and-equipment-rental-and-leasing/taycor-financial-in-los-angeles-ca-13125882

TCF Equipment Finance, Minnetonka, Minnesota
http://www.bbb.org/minnesota/business-reviews/consumer-finance-and-loan-companies/tcf-equipment-finance-in-minnetonka-mn-96072521

--Accredited since 5/2/2015
Tetra Financial Group, Salt Lake City, Utah
http://www.bbb.org/utah/business-reviews/credit-services/tetra-financial-group-in-salt-lake-city-ut-22186390

TimePayment Corporation
http://www.bbb.org/boston/Business-Reviews/leasing-service/timepayment-corp-in-burlington-ma-117288/bbb-rating

United Leasing, Evansville, Indiana
http://www.bbb.org/evansville/business-reviews/leasing-companies/united-leasing-in-evansville-in-99475

US Business Funding, Santa Ana, California
(13 closed complaints)
http://www.bbb.org/sdoc/business-reviews/leasing-service/us-business-funding-in-santa-ana-ca-100094667

Varilease Finance, Inc., Salt Lake City, Utah
http://www.bbb.org/utah/business-reviews/credit-services/varilease-finance-in-salt-lake-city-ut-22165465

A
  
--Accredited 5/9/2003
Lease Corporation of America, Troy, Michigan
http://www.bbb.org/eastern-michigan/business-reviews/computers-software-and-services/lease-corporation-of-america-in-troy-mi-45000151/

Mazuma Capital Corp., Salt Lake City, Utah
http://www.bbb.org/utah/business-reviews/contractor-equipment-and-supply-rental-and-leasing-companies/mazuma-capital-in-draper-ut-22214565

Platinum Financial, Orange, California
http://www.bbb.org/san-diego/business-reviews/financial-services/platinum-financial-oc-in-orange-ca-100120358

Southern California Leasing, Tustin, California
http://www.bbb.org/orange-county/business-reviews/computers-rent-and-lease/southern-california-leasing-incorporated-in-tustin-ca-13135867

A-

--Accredited since 7/29/2013
Innovative Leasing Services, Inc. Carlsbad, California
http://www.bbb.org/san-diego/business-reviews/leasing-service/innovative-lease-services-inc-in carlsbad-ca-10008827/
Susquehanna Commercial Finance, Pottstown, Pennsylvania
http://www.bbb.org/washington-dc-eastern-pa/business-reviews/financial-services/susquehanna-commercial-finance-in-pottstown-pa-140042240/

F

(Formerly Accredited 2/10/2007)
Ability Capital Solutions, Long Beach, California
http://www.bbb.org/sanjose/business-reviews/leasing-service/ability-capital-solutions-in-long-beach-ca-100046803

(Formerly Accredited 12/13/2007)
Matrix Business Capital, Long Beach, California
http://www.bbb.org/sanjose/business-reviews/office-furniture-and-equipment-rental-and-leasing/matrix-business-capital-in-long-beach-ca-100041782

 

NOT Rated

Newport Financial Partners, Newport Beach, California
http://www.bbb.org/orange-county/business-reviews/financial-services/newport-financial-partners-llc-in-newport-beach-ca-10010070

 

 

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Leasing Industry Help Wanted

Nationwide Sales Positions Available   Medical, Commercial and Industrial  Transportation, FF&E, Technology Superior pricing - Superior Buying window  - Superior back office - Superior stability For more info click here www.bankozarks.com/equipment Bank of the Ozarks Recognized as the top performing bank in the United States, based on financial performance, five years in a row (2011, 2012, 2013, 2014, and 2015).

 
 

How Long Should the Resume be?
Career Crossroad---By Emily Fitzpatrick/RII

Question: I have been told resumes should only be one page long … it’s difficult to accomplish this, please advise.

Answer: The reality is a 2 (ideal) or 3 page resume IS acceptable. It is NOT really possible to highlight your accomplishments in a one page resume, particularly if you have been employed for more than 5 years! At the same time, your resume should be succinct in such a way that you briefly describe each role held AND highlight your successes; this does take some time and thought.

Every resume should include your employment history, education and successes and/or awards received. To be frank, if your resume is over 3 pages, the reader will lose interest.

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

 

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Sale-Lease-Back Issues

A Sale Lease-back is a lease where the equipment is purchased from the Lessee instead of an equipment vendor. The Lessee retains the possession and use of the equipment, after the sale, but surrenders legal title and ownership to the Lessor. An appraisal of the equipment is necessary to show the Lessor is acquiring the asset(s) at its then Fair Market Value to avoid “fraudulent conveyance claims” from other creditors.

When the Asset is sold to the Lessor, it must be free of liens, requiring the Lessor to check for liens recorded on financing statements (UCC-1) in the State where the lessee has registered his Charter papers. Then, you should require proof of purchase from the Lessee to establish their clear ownership
The Lessee will have an accounting effect and an income tax effect from the sale of a Capital Asset.

The income tax effect will require some investigation. If there is a gain on the sale, which means the sale amount is greater than the "undepreciated" tax balance, some of the cash from the purchase price will go for income tax, called recapture. On rare occasions, if it sells for more than the original purchase price any proceeds over the original price will be taxed at the Capital Gains rate while the recapture will be at the standard tax rate.

The after tax cash, from the sale, will improve both cash and the net worth of the Lessee on their balance sheet. In addition the present value of the rent stream from the Lessee’s sale lease-back lease will be placed on the balance sheet as a Leased asset and a Lease liability.

A Sale Lease-Back usually only occurs for two reasons: First, the Lessee is an acceptable credit and is suffering from a bad economic year and needs to increase profits. The Sale Lease-Back of assets that have a value greater than book value will create a gain and may lift profits from negative earnings to positive earnings. This may shelter some of the gain, thereby lowering the tax effect. In any event, the company may show a profit that year or reduce losses, but it comes from a sale of assets and not operations.

Second, a Lessee may be wishing to sell or merge with a company that could increase its capabilities. The merger price may fail to recognize the assets that have been depreciated off the books, so a Sale Lease Back brings the value back on the books in the form of cash (if the tax effect is not too harsh).

Also, k  the case of a Capital Lease for accounting purposes, the Lease Liability and the Leased Asset are placed on the balance sheet for a double effect, considering the cash and net worth also increased the balance sheet.

In both circumstances, the Lessee does not lose the use of the equipment
In a Sale Lease-Back, the lessee has to look to the cost. If assets are free and clear of liens, then they could use it as collateral and borrow any required cash for operations. In a sale lease-back, the gains and the tax effect plus the sales tax on the rentals may make it a very expensive way to borrow cash. Therefore, a sale lease-back to raise cash is a very poor reason but it is the one we hear most often.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

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Letters?---We get eMail!
(News and Reactions to News)

"Regarding: Top Five Leasing Company Websites, I have been tracking the top equipment finance websites for over five years, less frequently lately. That’s why I appreciate when you share the rankings as you have in today’s posts. You have never included Crest Capital - www.crestcapital.com - in the top 5 list. According to my analysis Crest has consistently been there… any reason for that? "

Best regards,
Vernon

Vernon Tirey
CEO
LeaseQ

(I definitely missed Crest, who show a 66,911 ranking in the US,
whopping 7:42 time spent on their site by visitors, and 630 sites
linking in. They would be number one. Editor).

---

"I am looking for a large ticket, Buy Desk rep who knows and is known in the Leasing Associations, who has the credit and general ledger experience to pick up larger ticket deals from the broker community.

"They would be the face of our client, travelling to the conferences (playing golf) and there would be a wonderful compensation plan, solid base salary, support and T&E budget.

"Appreciate any referrals."

Frederic St. Laurent
Senior Executive Recruiter
404-855-3310
FSL@bankers1st.com

---

"Dear Kit and all at Leasing News,

"What a great group of people you are!  I saw the ad for the Adopt-A-Dog.  This sort of kindness and compassion is so very beautiful to see and this makes us so proud to be part of an industry with such awesome people.

"Thank you for being a part of a movement to help these little guys that have no voice."

 All the best,
Janis Peretore

---

"Just wanted to send you my personal thanks for publishing this information on the Chris Walker Education Fund in today’s Leasing News. All of us on the Board of Trustees appreciate it very much! Of special significance is you attaching a link back to you original Leasing News announcement of the formation of the Chris Walker Volunteer of the Year and the inception and founding of the CWEF itself.

"Our goal of course is to get many worthy grant requests for this education based grant funding set up in Chris Walker’s name.

"I know there are many newsworthy articles to choose from every day. We appreciate you selecting this one to publish on one of your busiest readership days!

"Thanks so much, and enjoy your summer!"

Randy
Randy Haug
Executive Vice President
Co-Founder
LeaseTeam, Inc.

---

"Wanted to just say HI.  Hope all is very well in your world.  I enjoy the newsletters."

Barbara Griffith
President 
Southern California Leasing

---

"Q: Please ask Mr. McCurnin “Do the articles relative to the CFL license relate to lessors or only brokers?”
(Sent by a banker who wanted to remain anonymous)

"A:  As a bank you guys are unregulated and can receive assignments and pay commissions without regard to the CFL.  It simply doesn’t apply to you guys.  That said, the CFL law does apply to brokers brokering California deals, and they would have to have a license or face fines and penalties.  Those fines and penalties could not be assessed to a bank, because the CFL law does not apply to banks—you guys are exempt.

"Definitions under the CFL:  A “broker” is anyone that brokers a loan for a fee.  Yeah, I know it’s a little circular.  “Lessor” is nowhere to be found as a definition, since leases (true leases) are not covered by the CFL law.  The proper term would be “Lender.”    In my parlance, a broker is someone who does not actually do the lease or loan on its papers, and instead passes along a referral, application, etc., and obtains credit information from the borrower.  A lender is someone who actually writes the loan or lease up on its own paper and either funds the deal or table funds the deal.

"In both instances, the broker and the lender need licenses to do deals in California for California borrowers.

"Feel free to call me if you would like."

Tom McCurnin
Barton, Klugman & Oetting
 tmccurnin@bkolaw.com

---

"They are and will be regulated but Community and Regional Banks are better off learning from instead of lashing out at Fintech. If they don't give up there 1970's brick and mortar ways fast, Fintech will do to them what Uber did to taxis. Even fully regulated and compliant, their efficiency ratios are in the 20%'s and that's before Fintech vs Fintech competition! Your "phone" is your bank and other financial services provider."

Larry Favre
 

 

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

This Wednesday, ELFA Free One Hour Webinar
Results of the 2016 Survey of Equipment Finance Activity

WHAT: The Equipment Leasing and Finance Association is hosting a free one-hour webinar to present findings of its 2016 Survey of Equipment Finance Activity, the largest and most important source of statistical information on the $1 trillion equipment finance industry.

WHEN: Wednesday, Aug. 17, 2016, at Noon EDT

HIGHLIGHTS:  The webinar is designed to help business leaders use the data in the 2016 Survey of Equipment Finance Activity to benefit their organizations. Topics will include:
• Introduction to the 2016 Survey of Equipment Finance Activity
• Key Findings: New Business Volume; Yield/Cost of Funds; Financial Statements; Portfolio Performance; and Business Processes (credit approval, remarketing/asset management and headcount)
• Tips for Using the Data Effectively
• Q&A

WHO:  The webinar will be presented by Raymond James, Chair of the ELFA Research Committee and Senior Consultant at Ivory Consulting Corporation; Carol Ann Fisher, Consultant at PwC, which produces the report in partnership with ELFA; and Bill Choi, ELFA Vice President for Research and Industry Services.

For instruction, see below or visit www.elfaonline.org/SEFA.

• To participate in the webinar, click here: Audio & Web Meeting
-OR-
• Dial-In: Call 800-768-2983 or 913-904-9867 and enter Access Code 2383413.
• Web Login: https://core.callinfo.com/prt?an=8007682983&ac=2383413

###

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.

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

 

Labrador Retriever
St. Louis, Missouri  Adopt-a-Dog

Doogie
Male
Age: 3 years
Weight: 45 lbs.

Doogie likes to show off his shy side when he first meets you, but once he knows you that bond is forever. He loves his outdoor, yard time and is great at fetch.

He wants to be your companion so please fill out an application and get this boy into his new home!

Before filling out application, Stray Rescue recommended to check if there is a pending application.

Stray Rescue of St. Louis
2320 Pine Street
St. Louis, MO 63103-2219
314-771-6121

Open to the public from 10 AM to 7 PM every day.
If visiting us to learn about adoptable pets, we recommend arrival by 6 PM.

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

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Leasing News Classified

Signing Service/Site Inspection

	Site Inspection: Placentia, CA  On site verifications, document signing or collections. Quick, accurate and professional. Reports with photographs e-mailed direct. Agents throughout US. Contact for coverage and rates.  E-mail:pwright@yk2bizsolutions.com
Site Inspection: US & Canada  Quiktrak performs equipment inspections within 24 hours of your job placement anywhere in the US. Order, check status & receive reports & photos online.  E-mail:sdresser@quiktrak.com	Site Inspection: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available, (216) 658-5618, E-mail gary@avptc.com
Inspection: Tampa /St. Pete, FL  Contact Dick Mitchell @ Randolph Lynn Associates for prompt professional pre-funding equipment inspections, collateral "visits", and related lessee/vendor contacts. (Florida locations) 727-302-9144 E-mail:dmrla@gte.net	Site Inspection plus: Greater Baltimore area C. and A. Courier Services™, TA / Andreas Klepp-Egge Jr., Baltimore MD  21229.Field Appraisal  Inspection Service, 410-746-6355,candacourier22@aol.com.
Site Inspection: US & Canada Funding Inspection Services perform equipment inspections within 24 hours of your job placement anywhere in the US. Order, check status & receive reports & photos online.  ron@fundinginspectionservices.com www.fundinginspectionservices.com
Asset Inspections/Lender Services:Serving Michigan, N.Ohio, N.Indiana – Lender services including asset inspection, business/vendor verification, collections, and lease/loan signings.  25 years experience leasing/financial.  michiganclosingsandmore.com Email	Appraisals/Inspections – Construction & Mining Heavy Equipment, Transport, Agriculture and Manufacturing. We provide Certified Appraisal Reports, (USPAP Compliant), Inventory Inspections, Collateral Valuation, VIN and Serial Number Verification with Detailed Photos, Lessee and Vendor Site Inspections including Customized Inspections. In a Hurry? Try our Kwik-Kwote  Emailwww.MobileEquipAppraisals.com

News Briefs---

Mortgage rates remain low;
“refinance applications on rise”
http://www.bankrate.com/finance/mortgages/mortgage-analysis-081016.aspx?ic_id=Top_Financial%20News%20Center_link_1

Myth busted: Older workers are just as tech-savvy
   as younger ones, says new survey
http://www.techrepublic.com/article/myth-busted-older-workers-are-just-as-tech-savvy-as-younger-ones-says-new-survey/

IBM's Watson won Jeopardy, but can it win business from banks?
http://www.reuters.com/article/us-usa-banks-watson-idUSKCN10M0CV

How to nail a wealth management interview to get hired as a financial adviser
http://news.efinancialcareers.com/us-en/251866/ace-your-interview-to-get-hired-as-a-financial-adviser

 

[headlines]
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--You May Have Missed It

[headlines]
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SparkPeople--Live Healthier and Longer

Do's and Don'ts of Goal Setting
Key Pieces to the Puzzle
http://www.sparkpeople.com/resource/motivation_articles.asp?id=124

[headlines]
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Baseball Poem

Dodger Blue

by Richard Aberdeen© (August 20, 2003)

Sung to the tune Deportee by Woodie Guthrie & Marting Hoffman

The chalk lines are faded, the bleachers are empty
The parking lot's vacant at the ravine stadium
The fans have all taken up bad-mitten and checkers
On a hot summer evening there's nothin' else left for fun
The owners' and players' greed knows no boundaries
They've taken the fans on a phony hype ride
Though they both earn enough money to buy a jet airplane
'Till they have more than God, they won't be satisfied
Now, is this the best way to run America's pastime?
Is this fair to the fans who are loyal and true?
Like the late Billy Martin and Tommy Lasorda
There's no more real Yankees, no one bleeds Dodger Blue

Goodbye to Ty Cobb, Joe DiMaggio and Babe Ruth
Adios Lou Gehrig and true heroes for our youth
You won't see the great Clemente up on the big sports screen
The owners and players all want. . . more money

Now, us fans in the bleachers all want a solution
To stop all your whining and complaining on earth
Let's forget about salaries and pay by statistics
For hits, runs and outs, you'll be paid what you're worth
If you hit sixty homers, you'll get you're few million
But if you pitch more balls than strikes you'd better run
Down to apply at the nearest Del Taco
We're tired of big babies who ruin baseball's fun
Let's return our national pastime back to the fans
Give big bucks to the players only when they come through
And like the late Billy Martin and Tommy Lasorda
We'll cheer for real Yankees and bleed Dodger Blue

Goodbye to Ted Williams, Stan Musial and Cy Young
Adios Mickey Mantle, Willie Mays and Hank Aaron
You won't see Charlie Hustle up on the big sports screen
The owners and players all want. . . more money

The chalk lines are redrawn, the bleachers repainted
The big screen scoreboard is re-hooked to the juice
The parking lot's filled with limos and Mercedes
The owners and players have a temporary truce
Now, we want real heroes our children can look up to
We want fair owners who treat loyal fans right
People who love baseball and the values we stand for
With all of their heart and their soul and their might
If you don't care what happens to our time-honored pastime
Then get the hell out of the way of those of us who do
Like the late Billy Martin and Tommy Lasorda
We want to cheer for real Yankees and bleed Dodger Blue

Goodbye to Vin Scully, Branch Rickey and Bill Veeck
Adios Harry Caray and real baseball, but what the heck?
We won't see Jackie Robinson slide on the big sports screen
The owners and players all want. . . more money
Yeah, the owners and players all want. . . more money. . .
Are there any more real Yankees?
Does anyone bleed Dodger Blue?

 

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Sports Briefs----

Simone Biles' Olympic domination continues with vault gold
https://www.yahoo.com/sports/news/simone-biles-olympic-domination-continues-with-vault-gold-184023361.html

Olympics: Usain Bolt wins third consecutive 100 gold
http://www.eastbaytimes.com/sports/ci_30246487/olympics-usain-bolt-wins-third-consecutive-100-gold

Where Cowboys QB Dak Prescott may have stood out the most to Jason Garrett after his impressive debut
http://sportsday.dallasnews.com/dallas-cowboys/cowboys/2016/08/14/cowboys-qb-dak-prescott-may-stood-jason-garrett-impressive-debut

[headlines]
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California Nuts Briefs---

Former newsman now ‘Top Dog’ at Sacramento SPCA
http://www.sacbee.com/entertainment/living/pets/article95545447.html

Fast-moving wildfire threatens towns of Lower Lake and Clearlake
http://www.sacbee.com/news/state/california/fires/article95624182.htm

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Fires Still a Concern in Carmel Valley, Ca., Other Regions Spared
http://www.winesandvines.com/template.cfm?section
=news&content=172929

Inglenook – an epic journey continues
http://napavalleyregister.com/wine/inglenook-an-epic-journey-continues/article_18054581-b9fe-56b1-86bd-b4ce9047222c.html

California wine has $114 billion impact in U.S.
http://napavalleyregister.com/california-wine-has-billion-impact-in-u-s/article_2b9ca207-673c-5f86-af26-2cd4589c9033.html

Wine scientist reveals how food, music
  and temperature can affect its taste
http://www.abc.net.au/news/2016-08-11/science-week-what-it-takes-to-be-a-wine-scientist/7719920

1671 Reasons Why We Will Never Be Bored By Italian Wine
http://www.forbes.com/sites/cathyhuyghe/2016/08/11/1671-reasons-why-we-will-never-be-bored-by-italian-wine/#60d66dd3591d

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

      1620 - Mayflower set sail from Southampton, England with 102 Pilgrims.
    1635 – The first recorded hurricane hit the Plymouth Colony.
    1787 - Tornadoes were reported in Connecticut, Rhode Island, Massachusetts, and New Hampshire. Wethersfield, CT was hard hit by the tornado outbreak.
    1812 - William Wells migrated with his family to Kentucky when he was nine years old. Five years later, he was captured by Miami Indians and adopted into the family of the Wea village chief Gaviahatte. The young boy quickly adapted to Indian ways. He became a distinguished warrior and married the daughter of a prominent Miami war chief. For several years, Wells fought with the Miami against American soldiers attempting to push them off their land. In 1792, however, the army captured his wife and adopted mother. In exchange for their freedom, Wells agreed to join the American army as an interpreter. A reunion with a long lost brother helped reinforce the allegiance of Wells to the Americans, though his loyalties remained conflicted for the rest of his life. For several years, Wells was an invaluable scout and interpreter for the U.S. Army, helping the Americans defeat the hostile factions of the Miami and other tribes. In 1797, he was appointed Indian agent for the Miami, Delaware, Potawatomi, and other tribes of the Old Northwest (the modern-day Midwest). Yet, increasing pressure for the Indians to give up their lands to white settlers led to renewed conflicts, and Wells was often caught between the two groups. The outbreak of the War of 1812 with Great Britain heightened an already tense situation as some Indians saw the war as chance to join forces with the British to push out the Americans. Concerned about the safety of the Americans at Fort Dearborn (now Chicago), where his niece was married to the fort commander, Wells quickly raised a rescue party of 30 Miami Indians who were loyal to him and the United States and headed north. When he arrived on August 13, he found the fort surrounded by hostile Indians. Wells argued for staying at the fort and making a stand until a larger force of American soldiers could arrive. But the commander insisted on evacuation. On this day in 1812, Wells led a small company of men, women, and children out of the fort. They had not gone far before hundreds of Potawatomi Indians ambushed the party, killing more than 50 and taking the remainder captive. Wells, who was dressed and painted as a Miami warrior, fought heroically but was eventually shot through the lungs. When he fell from his horse, witnesses claimed the Potawatomi swarmed over his body, cut out his heart, and divided it among them.
    1824 - Freed American slaves formed the country of Liberia.
    1824 - The Marquis de Lafayette, the last surviving French general of the Revolutionary War, arrives in New York and begins a tour of 24 states.
    1843 – The Cathedral of Our Lady of Peace in Honolulu is dedicated. Now the cathedral of the Roman Catholic Diocese of Honolulu, it is the oldest such cathedral in continuous use in the United States.
    1843 – The National Black Convention was held in buffalo, NY.  Free and fugitive Black delegates and attendees had gathered at national colored citizens conventions for over a decade to organize for social, political, educational and labor rights. The fifty-eight delegates and a lively audience convened at Park Presbyterian Church in Buffalo, New York to consider "their moral and political condition as American citizens."  Delegates highlighted the economic progress of Black communities around the country. Entrepreneurial pursuits, occupations and personal wealth were thought to reflect Black people's agency and place within American society.   
    1850 - Fifty firemen from the Protection Engine Co. went to Sacramento to put down squatter rioting on Capt. Sutter’s property, under the direction Mayor Geary and Capt. McCormick of the California Guards
    1859 – Birthday of Black Sox owner Charles Comiskey (d. 1931) in Chicago.  After his playing and managing careers, he took ownership of the Chicago White Sox in 1900.  He oversaw the building of Comiskey Park in 1910 and won five American League pennants (1900, 1901, 1906, 1917, and 1919) and two World Series (1906, 1917).  Comiskey was notoriously stingy (his defenders called him "frugal"), even forcing his players to pay to launder their own uniforms.  Combined with salaries below the other players in Major League baseball, it has been concluded that these contributed to the players’ interest with gamblers in throwing the 1919 World Series to an inferior Cincinnati Reds team.   
    1876 - US law removed Indians from Black Hills after gold was discovered there. Sioux leaders Crazy Horse and Sitting Bull led their warriors to protect their lands from invasion by prospectors following the discovery of gold. This led to the Great Sioux Campaign staged from Fort Laramie. Gold was discovered in Deadwood in the Dakota Territory by Quebec brothers Fred and Moses Manuel. The mine was incorporated in California on Nov 5, 1877, as the Homestake Mining Company.
    1878 - The temperature at Denver, CO, soars to an all-time record high of 105 degrees.
    1879 – Actress Ethel Barrymore (d. 1959) was born in Philadelphia.  She was the sister of actors John and Lionel Barrymore, the aunt of actor John Drew Barrymore, and the grand-aunt of actress Drew Barrymore.  Her stellar career on stage preceded her as one of the film industry’s first mega stars that later followed into television.  She married Russell Griswold Colt, grandnephew of the American arms maker. 
    1885 - Birthday of Edna Ferber (d. 1968), Kalamazoo, MI.  Author and Pulitzer Prize winning novelist for “So Big” (1924). Her books “Show Boat,” “Cimarron,” “Saratoga Trunk,” “Giant,” and “Ice Palace” were all made into popular Hollywood movies.
    1904 – Puppeteer Bill Baird (d. 1987) was born at Grand Island, NE.  Baird was the creator of the Baird Marionettes who played multiple venues…theater, film, and television. 
    1909 – Hugo Winterhalter, American composer and bandleader (d. 1973), was born in Wilkes-Barre, PA.
    1912 - Birthday of Julia Child (d. 2004) in Pasadena, CA.   Cooking expert, author, and television personality. She won a Peabody Award in 1965 and an Emmy in 1966 for cooking shows that centered on traditional French cuisine. But the shows became a general viewing audience favorite as she conducted them in her inimitable aplomb and down-to-earth methods. She went on to write other books demystifying cooking in general and French gourmet cooking in particular. Bon Appetite!
    1914 - The American-built waterway, the Panama Canal, across the Isthmus of Panama, connecting the Atlantic and Pacific oceans, is inaugurated with the passage of the U.S. vessel SS Ancon, a cargo and passenger ship. The rush of settlers to California and Oregon in the mid-19th century was the initial impetus of the U.S. desire to build an artificial waterway across Central America. In 1855, the United States completed a railroad across the Isthmus of Panama (then part of Colombia), prompting various parties to propose canal-building plans.
    1914 - A male servant of American architect Frank Lloyd Wright sets fire to the living quarters of the latter's Wisconsin home, Taliesin, murders seven people and burns the living quarters to the ground.
    1915 - A story in the New York World newspaper reveals that the Imperial German government had purchased excess phenol from Thomas Edison that could be used to make explosives for the war effort and diverted it to Bayer for Aspirin production.
    1916 - At Fenway, Babe Ruth outdueled Washington ace Walter Johnson, winning, 1-0, in 13 innings. Johnson allowed just five hits through 12 innings, while, from the 7th inning on, Ruth surrendered just an infield single in the 11th. Ruth was robbed of a homer in the 12th. Ruth at this point was 3-0 in his meetings with Johnson.
    1918 - Russia severed diplomatic ties with US.
    1919 – Henry Richard ‘Huntz’ Hall (d. 1999), one of the original Bowery Boys, was born in NYC.  Fictional NYC characters, portrayed by a company of New York actors, were the subject of feature films released by Monogram Pictures from 1946 through 1958.  The Bowery Boys – Hall, Leo and David Gorcey, Booby Jordan and Billy Benedict - were successors of the “The East Side Kids," who had been the subject of films since 1940. The group originated as the “Dead End Kids", who originally appeared in the 1937 film “Dead End” which starred Sylvia Sydney, Joel McCrea and Humphrey Bogart.
    1923 – Actress, singer Rose Marie (Mazetta), child star (Baby Rose Marie) of the 1930’s and part of the cast of the long-running and Emmy winning “Dick Van Dyke Show” born in NYC.
    1924 - American activist Phyllis Schlafly’s birthday in St. Louis.  She is known for her staunch social and political conservatism, her opposition to modern feminism and for her campaign against the proposed Equal Rights Amendment. Her self-published book, “A Choice, Not an Echo,” was published in 1964 from her home
    1925 – “Mannix.”  Actor and producer Mike Connors was born Krekor Ohanian in Fresno, CA.  During World War II, he served in the US Army Air Force.   After the war, he attended UCLA on a basketball scholarship, where he played under Hall of Fame coach John Wooden before Wooden became THE John Wooden.  After an early film career, Connors moved to television where he played in several episodes of “Wagon Train” and “Perry Mason,” among others.  “Mannix” was a popular Saturday night show that ran from 1967-75.
    1925 – Bill Pinkney (d. 2007), one of the Original Drifters, born in Dalzell, SC. Before his career with the Drifters, Pinkney pitched for the Negro Leagues’ New York Blue Sox. He also served in the US Army in World War II, earning a Presidential Citation with five Bronze Stars (for battles including Normandy and Bastogne under General Patton).  After the war, Pinkney, brothers Andrew and Gerhart Thrasher, and bass singer Willie Ferbie were approached by Clyde McPhatter, who had just quit as the lead tenor of Billy Ward and The Dominoes to form the Drifters for Atlantic Records where they sang a string of rock ‘n’ roll’s early hits in the 1950s and early 1960s.  Pinkney became active in a Drifters’ revival for the PBS series, “My Music” in the 1990s-2000s before passing in 2007.
    1932 – Jim Lange (d. 2014), “The Dating Game” host, born in St. Paul, MN.  Wrapped around his stint as the game show’s host, Lange was a DJ in both LA and SF. 
    1933 – Bobby Helms (d. 1997) was born in Bloomington, IN.  He rules the airwaves every year during the Christmas holiday season. His single ‘Jingle Bell Rock’ first became a hit in 1957, and it reappeared on the charts four of the following five years to become an all-time Christmas classic. Before he was pigeonholed, though, Helms had a successful country career with two number one hits to his credit… Helms' first single in 1957 titled ‘Fraulein’ went to No. 1 on the country music chart and made it into the Top 40 on the Billboard Hot 100 chart. Later that same year, he released ‘My Special Angel,’ which also hit No. 1 on the country charts and entered the Top 10 on Billboard's pop music chart, peaking at No. 7. 
    1934 - 19 years of occupation ended as the 1st Marine Brigade departed Haiti.
    1935 – Will Rogers and Wiley Post are killed after their aircraft develops engine problems during takeoff in Barrow, AK.
    1935 – Vernon Jordan, one of President Clinton’s close advisors, born in Atlanta.
    1938 – Supreme Court Justice Stephen Breyer born in San Francisco.
    1939 - After five directors, several script drafts, and endless casting changes, the movie musical “The Wizard of Oz” premieres at Grauman's Chinese Theatre in Hollywood.
    1942 - The Japanese submarine I-25 departed Japan with a floatplane in its hold. It was assembled upon arriving off the West Coast of the US, and used to bomb U.S. forests.
    1944 - After several postponements, Allied forces began Operation Dragoon, the landing on the south coast of France during World War II.  More than 2,000 transports and landing craft transported 94,000 men to an area between Toulon and Cannes, with only 183 allied losses.  they encountered minimal opposition, and by the end of August, the French coast from the mouth of the Rhone to Nice was in Allied hands. Sgt. Connor received
a medal of honor for his role, and you can read more about this event below.
    1944 - CONNOR, JAMES P., Medal of Honor.
Rank and organization: Sergeant, U.S. Army, 7th Infantry, 3d Infantry Division. Place and date: Cape Cavalaire, southern France, 15 August 1944. Entered service at: Wilmington, Del. Birth: Wilmington, Del. G.O. No.: 18, 15 March 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty. On 15 August 1944, Sgt. Connor, through sheer grit and determination, led his platoon in clearing an enemy vastly superior in numbers and firepower from strongly entrenched positions on Cape Cavalaire, removing a grave enemy threat to his division during the amphibious landing in southern France, and thereby insured safe and uninterrupted landings for the huge volume of men and materiel which followed. His battle patrol landed on "Red Beach" with the mission of destroying the strongly fortified enemy positions on Cape Cavalaire with utmost speed. From the peninsula the enemy had commanding observation and seriously menaced the vast landing operations taking place. Though knocked down and seriously wounded in the neck by a hanging mine which killed his platoon lieutenant, Sgt. Connor refused medical aid and with his driving spirit practically carried the platoon across several thousand yards of mine-saturated beach through intense fire from mortars, 20-mm. flak guns, machineguns, and snipers. En route to the Cape he personally shot and killed 2 snipers. The platoon sergeant was killed and Sgt. Connor became platoon leader. Receiving a second wound, which lacerated his shoulder and back, he again refused evacuation, expressing determination to carry on until physically unable to continue. He reassured and prodded the hesitating men of his decimated platoon forward through almost impregnable mortar concentrations. Again emphasizing the prevalent urgency of their mission, he impelled his men toward a group of buildings honeycombed with enemy snipers and machineguns. Here he received his third grave wound, this time in the leg, felling him in his tracks. Still resolved to carry on, he relinquished command only after his attempts proved that it was physically impossible to stand. Nevertheless, from his prone position, he gave the orders and directed his men in assaulting the enemy. Infused with Sgt. Connor's dogged determination, the platoon, though reduced to less than one-third of its original 36 men, outflanked and rushed the enemy with such furiousness that they killed 7, captured 40, seized 3 machineguns and considerable other materiel, and took all their assigned objectives, successfully completing their mission. By his repeated examples of tenaciousness and indomitable spirit Sgt. Connor transmitted his heroism to his men until they became a fighting team which could not be stopped.
    1944 – Former NBC News anchor Linda Ellerbee was born Linda Jane Smith in Bryan, TX.
    1945 – NFL Hall of Famer and Players Union head Gene Upshaw (d. 2008) was born in Robstown, TX.  He was an original Oakland Raider from the AFL days. 
    1945 – World War II gasoline rationing in America ended on this day. Rationing was just one of the special measures taken in the U.S. during wartime. Civilian auto production virtually ceased after the attack on Pearl Harbor, as the U.S. automotive industry turned to war production. Automotive firms made almost $29 billion worth of military materials between 1940 and 1945, including Jeeps, trucks, machine guns, carbines, tanks, helmets, and aerial bombs. After the war, rationing ended and the auto industry boomed.
    1945 – Celebrations mark the end of World War II — VJ Day. A two-day holiday is proclaimed for all federal employees. In New York, Mayor La Guardia pays tribute to Franklin Delano Roosevelt, the deceased president, in a radio broadcast.
    1945 – US Task Force 38 launches massive air strikes on the Tokyo area, encountering numerous Japanese fighters but the aircraft are recalled upon receipt of the surrender announcement. Meanwhile, Vice-Admiral Ugaki, commanding Kamikaze operations, leads a final mission but the 7 dive-bombers are shot down off Tokyo before they can reach Okinawa.
    1945 – Following the bombings of Hiroshima and Nagasaki on August 6, Emperor Hirohito gave a recorded radio address across the Empire during which he announced the surrender of Japan to the Allies.
    1945 – Major League Baseball Commissioner Happy Chandler sold the radio rights for the World Series for $150,000 to Gillette. Ford had been the World Series sponsor since 1934, paying $100,000 annually.
    1946 – One of 20th century America’s most prolific songwriters, Jimmy Webb was born in Elk City, OK.  His songs have been performed by many popular contemporary singers, including Glen Campbell, the 5th Dimension, Thelma Houston, the Supremes, Richard Harris, Johnny Maestro, Frank Sinatra, Elvis Presley, Isaac Hayes, Art Garfunkel, Amy Grant, America, Linda Ronstadt, R.E.M., Michael Feinstein, Donna Summer and Carly Simon. Inducted in 1986 into the Songwriters Hall of Fame.  As a co-writer in 1968 with Glen Campbell of “Wichita Lineman”, he was inspired by the isolation of a telephone-pole worker he saw on the Kansas-Oklahoma border. Campbell then asked if Webb could come up with another, so he wrote “By the Time I Get to Phoenix.”  According to BMI, “By the Time I Get to Phoenix” was the third most performed song in the fifty years between 1940 and 1990. Webb is the only artist ever to have received Grammy Awards for music, lyrics, and orchestration. 
    1946 - Saint Louis, MO, was deluged with a record 8.78 inches of rain in 24 hours.
    1951 - Top Hits
“Too Young” - Nat King Cole
“Mister and Mississippi” - Patti Page
“Because of You” - Tony Bennett
“I Wanna Play House with You” - Eddy Arnold
    1953 - Perry Como's "No Other Love" hits #1
    1955 - Elvis Presley attends a meeting in Memphis with his manager Bob Neal, Colonel Tom Parker and his father, Vernon Presley, at which a new contract is signed that names Colonel Parker as "special advisor" with control of virtually every aspect of Elvis' career. Parker was not really a Colonel at all, but a Dutch immigrant named Andreas Cornelius van Kujik, whose honorary title was given to him in 1948 by Governor Jimmie Davis of Louisiana. He was a flamboyant promoter whose pre-Elvis experience included shows called “The Great Parker Pony Circus” and “Tom Parker and His Dancing Turkeys” and was a veteran of carnivals, medicine shows and various other entertainment enterprises.
    1951 – In a play that will be repeated more famously in the World Series three years hence, Giants rookie CF Willie Mays made a miraculous play in the 8th. With the score 1-1 and Billy Cox on third, Mays sprinted to deep right centerfield, made a running catch of a Carl Furillo’s drive going away from home plate, whirled counterclockwise and threw out the astonished Cox at home. The Giants beat the Dodgers, 3-1.
    1955 - After a suggestion that RCA bid $20,000 to land Elvis Presley, company executive Mitch Miller replies "no singer is worth that much."
    1958 – Buddy Holly and Maria Elena Santiago are married in a private ceremony at his parents’ home in Lubbock, TX.
    1959 - Top Hits
“Lonely Boy” - Paul Anka
“A Big Hunk o’ Love” - Elvis Presley
“My Heart is an Open Book” - Carl Dobkins, Jr.
“Waterloo” - Stonewall Jackson
    1960 - Elvis Presley's "It's Now or Never" sits on top of the Billboard singles chart, where it would stay for a month. The record would have international sales of over 20 million and become a personal favorite of The King.
    1961 – Two days after sealing off free passage between East and West Berlin with barbed wire, East German authorities begin building a wall–the Berlin Wall–to permanently close off access to the West. For the next 28 years, the heavily fortified Berlin Wall stood as the most tangible symbol of the Cold War–a literal “iron curtain” dividing Europe. The end of World War II in 1945 saw Germany divided into four Allied occupation zones. Berlin, the German capital, was likewise divided into occupation sectors, even though it was located deep within the Soviet zone. The future of Germany and Berlin was a major sticking point in postwar treaty talks, and tensions grew when the United States, Britain, and France moved in 1948 to unite their occupation zones into a single autonomous entity–the Federal Republic of Germany (West Germany). In response, the USSR launched a land blockade of West Berlin in an effort to force the West to abandon the city. However, a massive airlift by Britain and the United States kept West Berlin supplied with food and fuel, and in May 1949 the Soviets ended the defeated blockade. By 1961, Cold War tensions over Berlin were running high again.  In 1989, East Germany’s communist regime was overwhelmed by the democratization sweeping across Eastern Europe. On the evening of November 9, 1989, East Germany announced an easing of travel restrictions to the West, and thousands demanded passage though the Berlin Wall. Faced with growing demonstrations, East German border guards opened the borders. Jubilant Berliners climbed on top of the Berlin Wall, painted graffiti on it, and removed fragments as souvenirs. The next day, East German troops began dismantling the wall. In 1990, East and West Germany were formally reunited.
    1964 - Despite the fact that the US record charts are dominated by Rock ‘n’ Roll, crooner Dean Martin has the number one record with his biggest hit, "Everybody Loves Somebody.” The song had been around since 1949 and had been previously recorded by several well-known artists without success.
    1964 - A race riot took place in Dixmoor, a suburb of Chicago, Ill.
    1965 - The Beatles' third North American tour kicks off at Shea Stadium in front of a record crowd of 55,000 fans and 2,000 security guards. It grossed $304,000, of which The Beatles' share was $160,000. At 8 pm EST, the Beatles take the stage at Shea Stadium in New York City, marking the very first time a rock band would headline a stadium concert and a major victory for promoter Sid Bernstein, who had arranged the gig after his gamble of booking the then-unknown group at Carnegie Hall had paid off. Tickets for the show, sold merely by word of mouth created by kids who asked Bernstein about the next Beatles show while he strolled in Central Park, sold out in just three weeks, beating the stadium's old seating record with 56,000 seats sold. Two thousand professionals were pressed into service for security. The concert, filmed for BBC and NBC both, also featured openers Brenda Holloway, The King Curtis Band, and Bernstein's new obsession, the Young Rascals.
    1965 - The Japanese community of San Francisco held Masanori Murakami Day at Candlestick Park to honor the first Japanese player to have reached the Majors in the US.  Ordinarily a reliever, Murakami made his first big league start as the Giants outslugged the Phillies, 15-9.
    1966 - The Mamas and Papas cut short their act at the Forest Hills Stadium as some 20 teen-agers spoiled the show. In the midst of “Monday, Monday,” several teen-agers charged across the grass and attempted to leap on stage. They were deterred by a heavy detail of New York police. On the last note of the song, the group ran off the stage and did not return, even though they were called back for an encore.
    1966 – Bobby Darin stages a crossover, releasing “If I Were a Carpenter.”
    1967 - Top Hits
“Light My Fire” - The Doors
“All You Need is Love” - The Beatles
“A Whiter Shade of Pale” - Procol Harum
“I’ll Never Find Another You” - Sonny James
    1967 - At the San Francisco Fillmore Auditorium: Count Basie & His Orchestra, Chuck Berry, Charles Lloyd Quartet, The Young Rascals, Steve Miller Band, Hair.
    1967 - The Sundance fire in northern Idaho was started by lightning. Winds of 50 mph carried firebrands as much as ten miles in advance to ignite new fires, and as a result, the forest fire spread twenty miles across the Selkirk Mountains in just twelve hours, burning 56,000 acres. The heat of the fire produced whirlwinds of flame with winds up to 300 mph which flung giant trees about like matchsticks.
    1968 - The Beatles record "Rocky Raccoon."
    1969 - The Woodstock Music and Art Festival began on Max Yasgur's 600-acre farm in Bethel, New York, promising "three days of peace, love, and music." Featuring two dozen of the country's hottest bands, the festival draws over 450,000 hippies to the tiny town, causing unimaginable traffic and logistics problems but nevertheless impressing the ordinary citizens. Three deaths, two births, four miscarriages, and a wedding are all reported before Jimi Hendrix ends the festivities with his legendary rendition of the US national anthem. Also appearing were (in part) Joe Cocker, Crosby Stills Nash and Young, Santana, The Who, Credence Clearwater Revival, Grateful Dead, Janis Joplin, The Band, Canned Heat, Joan Baez, Santana, Melanie, Ten Years After, Sly and the Family Stone, Johnny Winter, Jefferson Airplane, Ravi Shankar, Country Joe and the Fish, Blood Sweat and Tears, and Arlo Guthrie. Among those who elected not to attend were Tommy James and the Shondells, Led Zeppelin, The Beatles, Bob Dylan, The Byrds, Jethro Tull, and The Moody Blues.
    1969 - Three Dog Night are awarded a Gold record for their self-titled debut album. The LP featured two modest selling 45s, "Nobody" and "Try A Little Tenderness" and the group had moved on to record their second album, "Suitable for Framing" when ABC Dunhill released a third single, "One." It shot to #5 in the US and subsequent copies of the LP were labeled "Three Dog Night – One."
    1970 - "Looking Out My Back Door" by Creedence Clearwater Revival enters the Billboard Hot 100 on its way to #2. Although some fans speculate that the song is about drugs because of its colorful, dream-like lyrics, writer John Fogerty said it was actually written for his then three-year old son, Josh.
    1970 – Patricia Palinkas becomes the first woman to play professionally in an American football game.  She was a holder for her husband Steven Palinkas for the Orlando Panthers in the Atlantic Coast Football League.
    1971 – President Nixon completes the break from the gold standard by ending convertibility of the US dollar into gold by foreign investors.
    1972 – Ben Affleck was born in Berkeley, CA.  He won the Academy Award in 1997 for “Good Will Hunting,” co-written with Matt Damon.
    1973 - Baltimore, MD, declares today "Cass Elliot Day" in honor of the native singer for The Mamas and the Papas, who was born there September 19, 1941.
    1973 – US bombing of Cambodia during the Viet Nam War ends.
    1975 - Top Hits
“One of These Nights” - Eagles
“Jive Talkin’” - Bee Gees
“Please Mr. Please” - Olivia Newton-John
“Just Get Up and Close the Door” - Johnny Rodriguez
    1979 - After years of production and financial troubles, “Apocalypse Now” finally opens in American theaters, three months after its premiere at Cannes.
    1981 - Lionel Richie and Diana Ross saw their duet "Endless Love" rise to the number one position in the US for the first of nine weeks. Because of scheduling difficulties, the song was completed at a Reno, Nevada recording studio at 5 A.M., after one of Diana's concerts. Richie was dividing his time between the next Commodores album and work with Kenny Rogers.
    1983 - Top Hits
“Every Breath You Take” - The Police
“Sweet Dreams (Are Made of This)” - Eurhythmics
“She Works Hard for the Money” - Donna Summer
“Your Love’s on the Line” - Earl Thomas Conley
    1987 - Less than three months after they go to No. 1 on Billboard's Hot 100 for the first time with "With or Without You," U2 return to the top of the chart with "I Still Haven't Found what I'm Looking For," the second single from "The Joshua Tree." (A birthday present for the Edge.)
    1987 - Thunderstorms developing ahead of a sharp cold front produced severe weather in the Upper Midwest during the afternoon and evening hours, with Minnesota and eastern South Dakota hardest hit. A thunderstorm in west central Minnesota spawned a tornado at Eagle Lake which killed one person and injured eight others. A thunderstorm in eastern South Dakota produced softball size hail at Warner.
    1988 - Thirty five cities in twenty states in the north central and northeastern U.S. reported record high temperatures for the date, including Lamoni, IA and Baltimore, MD, where the mercury hit 105 degrees. Temperatures 100 degrees or above were reported in twenty-two states. Pierre, SD was the hot spot in the nation with a high of 114 degrees. Bluefield, WV reported eight straight days of record heat.
    1989 - Evening thunderstorms in eastern New Mexico produced wind gusts to 66 mph at Clovis. Evening thunderstorms in West Texas produced baseball size hail around Hereford, Dimmitt, Ware and Dalhart.
    1989 – In his second start after coming back from cancer surgery, Giants lefty Dave Dravecky suffered a broken arm beating the Expos, 3-2. He collapsed to the ground, clutching his left arm in severe pain after throwing a wild pitch to Tim Raines. The bone will heal but Dravecky will break it again during the Giants on-field celebration when they clinch the pennant later that season. Dravecky never pitched again in the Majors.
    1990 – Actress Jennifer Lawrence was born in Louisville.  Her performance in “Silver Linings Playbook”, opposite Bradley Cooper, won her the Best Actress Oscar, making her the second-youngest Best Actress winner.  She followed that with an Oscar nomination for Best Supporting Actress in “American Hustle”.
    1991 - Top Hits
“(Everything I Do) I Do It for You” - Bryan Adams
“P.A.S.S.I.O.N.” - Rhythm Syndicate
“Summertime” - D.J. Jazzy Jeff & The Fresh Prince
“She’s in Love with the Boy” - Trisha Yearwood
    1991 - Paul Simon gave a free concert in Central Park, New York in front of 600,000 people. The performance was released later in the year as "Paul Simon's Concert in the Park".
    1994 - Janet Jackson tied Aretha Franklin for the most gold singles by a female artist - 14 - when "Any Time, Any Place" was certified as having sold more than 500,000 copies. 
    1995 – Shannon Faulkner becomes the first female cadet matriculated at The Citadel (she drops out less than a week later).
    1995 - The Canadian stage production of Disney's "Beauty and the Beast" opened at the Princess of Wales Theatre in Toronto. At $17 million, it was the most expensive stage production in Canadian history.
    1995 - At request of the Mantle family, Bob Costas delivers the eulogy at Mickey's funeral. The popular broadcaster, known for his love of the game and his admiration of the Yankee superstar, describes the Hall of Famer as "a fragile hero to whom we had an emotional attachment so strong and lasting that it defied logic."
https://www.youtube.com/watch?v=Lr-tcB3L3g4&feature=player_embedded
    1996 - A New York women's shelter refuses to take money raised by a recent benefit concert when they learn that one of the performers was James Brown, often accused of emotional and physical abuse of women.   
    2000 - Club owner Ted Turner and two-time National League MVP Dale Murphy are inducted into the Atlanta Braves Hall of Fame joining Hank Aaron, Eddie Mathews, Phil Niekro and Warren Spahn.
    2002 - A memorial to John Lennon was unveiled in the remote Scottish village of Durness, where Lennon had spent his holidays from age seven to fifteen. The lyrics from "In My Life" were inscribed on three stones.
    2007 - The Osmond Brothers, joined by siblings Donny, Marie and Jimmy, took the stage for the taping of a 50th anniversary reunion show to be aired on PBS. A meeting of no less than seven singing Osmonds onstage hadn't happened in more than 20 years, although no one could remember the exact date of the last full family concert.
    2011 - Jim Thome becomes the eighth player to reach the 600 career home runs plateau when he hits a two-run homer in the sixth (599), followed by three-run blast an inning later off Detroit's Daniel Schlereth. Needing fewer at-bats to reach 600 than anyone except for Babe Ruth, the 40-year-old Twins slugger accomplishes the feat in his 8,167th at-bat, compared to the Babino's 6,921.  Thome finished seventh all-time with 612 HRs across a 22-year career that ended ion 2012.
    2013 - The Smithsonian announces the discovery of the olinguito, the first new carnivoran species found in the Americas in 35 years.