Top Small Business Funders by Revenue
deBanked.com

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 A study by Leuven University in Belgium has predicted that the 1.2 million jobs will be lost across Europe in the case of a hard-Brexit. Unsurprisingly, the United Kingdom is expected to be the country that will suffer the most with over 500,000 jobs set to be lost. Germany would also be significantly impacted with just under 292,000 redundancies while France and Italy would lose 141,320 and 139,140 jobs respectively.

By Niall McCarthy, Statista

https://www.statista.com/chart/18962/total-job-losses-forecast-in-eu-member-states-in-the-case-of-a-hard-brexit/

 

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New Hires/Promotions in the Leasing Business
and Related Industries

David Baker was hired as Vice President, Business Development Officer, ENGS Commercial Capital, LLC - an ENGS Commercial Finance Company, Itasca, Illinois.  He is located in the Greater Denver Ara.  Previously, he was Business Development Officer, Porter Capital Corporation (January, 2016 - August, 2019); Vice President, Client Development, Celtic Capital Corporation (November, 2014 - January, 2016); Business Development Officer, Porter Capital Corporation (May, 2011 - October, 2014); Business Development Officer, Porter Capital Corporation (May, 2011 - October, 2014); Business Professional Self Employed (April, 2011 - May, 2011); Vice President and Director of Sales and Marketing, Benefactor Funding Corporation (January, 2008 - May, 2011); VP, Team Leader, Silicon Valley Bank (1991 - 2001); AVP, Security Bank & Trust (1987 - 1989). Education: Central Michigan University. BS in BA, Finance, Economics and Mathematics (1977 - 1981). https://www.linkedin.com/in/david-s-baker-a30b70a/

Mark Farlin was announced as Vice President, Head of Healthcare & Infrastructure, LEAF Commercial Capital, Inc., Philadelphia, Pennsylvania.  He is located in San Diego.  Previously, he as Vice President, Head of Healthcare, TCF Equipment Finance (June, 2016- June, 2019); Senior Vice President, Managing Director of Sales and Marketing, First National Capital Corporation (December, 2014 - June, 2016); Senior Vice President, Business Development Officer, HFG Healthcare Finance Group (May, 2014 - December, 2014); Director, Sales & Corporate Accounts, Olympus (August, 2008- May, 2014);  Vice President, CitiCapital Healthcare & Energy Division, Citigroup (June, 2004 - August, 2008). He began his career at GE Healthcare Financial Services, starting July, 2000, Western Regional Sales Support Manager; promoted October, 2001, Vice President, Financial Services Account Manager; promoted May, 2003, Vice President, Senior Account & Business Development Manager. Education: University of Southern California- Marshall School of Business BS, Marketing and Minor in Communications (1992 – 1997); Activities and Societies: USC Football Letterman; Scholarship Athlete, California State University-Fullerton, MBA, Management and International Business (2000 – 2001). Manhattan High School (1988 – 1992). https://www.linkedin.com/in/mark-farlin-55bb287 

George Garrod was hired as Managing Director, Industrial Funding Group. He is located in Bloomingdale, Illinois. Previously, he was Business Development Representative, Utica Leaseco;  Business Development Officer, GemCap (November, 2012 - December, 2013); Independent Financial Transactions Broker (September - October, 2012); Senior Development Manager, Quad-C Funding, LLC (October, 2011 - September, 2013); Business Development Officer, Porter Capital Corporation (May - October, 2011), Midwest Marketing Manager, Crossroads Financial, LLC (August, 2010  -May, 2011); Vice President, Business development, Textron Financial (January-October, 2008); marketing, Business Alliance Capital (2005-2006).Education: Northern Illinois University, MBA, 1985; North Central College, BA, Business (1966 – 1970). https://www.linkedin.com/in/george-garrod-476b5712/

Lynne (Szymanski) Gregg was hired as Hyster Yale Territory Manager, Wells Fargo Financial Services.  She is located in Schwenksville, Pennsylvania.  Previously,  she was at GE Healthcare Equipment Finance, starting April, 2011 as Zone Sales Specialist; promoted VP, Senior Program Manager, January, 2016; Relationship Manager, Everbank (2006 - 2010); Regional Sales Manager, Wells Fargo (2003 - 2006); Business Development, Citicorp Vendor Finance, Inc. (formerly Fidelity Leasing) (1997 - 2004); Sales Manager AAMCO Transmissions (1982 - 1992). https://www.linkedin.com/in/lynne-gregg/

Mike O'Hare was hired as Market Executive, BCI Capital. He is located in Jacksonville, Florida. Previously, he was SVP Sales, Amerix Bank Equipment Financing (February, 2017 - June, 2019); Vice President, Fleet Advantage (April, 2016 - January, 2017_; Senior Vice President, SunTrust Equipment Financing & Leasing (December, 2010 - December, 2015); Senior Vice President, Winthrop Resources (September, 2009 - July, 2011); Chief Operating Officer, Fidelity National  (July, 2004 - September, 2009); Regional Sales Manager, Sun Financial Group (April, 1997 - November, 1995); Regional Sales Manager, U S Leasing Corp (December, 1982 - April,1987). Education: University of Florida, Warrington College, BS, Business Management (1977 - 1979).  State University of New York College of Oswego. Business Management (1974 - 1977). Clarence Central High School (1970 - 1974). https://www.linkedin.com/in/mikeohare/

Cathy Oechsler was promoted to Vice President, BB&T Equipment Finance Corporation, Hunt Valley, Maryland. She joined the firm March, 2010 as Assistant Vice President, Client Service Manager; promoted November, 2016, Vice President, EF Documentation Manager. Previously, she was Syndication Transaction Coordinator, GE Commercial Finance (2007 - March, 2010); Assistant Vice President, SunTrust Equipment Finance & Leasing Corp. (1998 - 2007); Assistant Vice President, Signet Leasing and Financial Corporation (1994 - 1997); Tax Analyst, Maryland National Leasing Corporation (1976 - 1994). Education: Towson University, BA. (1971 - 1975). https://www.linkedin.com/in/cathy-oechsler-5559ba5/

Mike Salatino was hired as Senior Vice President, Business Development Officer, Equipment Finance, Wilton, Connecticut. Previously, he was Vice President & Northeast Business Development Officer, Bridge Funding Group, Inc, a BankUnited Company, Hunt Valley, Maryland.  He is based in Wilton, Connecticut.  Previously, he was Vice President & Senior Account Executive, PNC Bank, Equipment Finance Division (April, 2012 - March, 2018); Senior Regional Vice President, Sales Somerset Capital Group, Ltd. (August, 2009 - April, 2012); SVP, New Business Development, Northeast Region, GE Capital and Merrill Lynch Capital Equipment Finance (May, 2007 - February, 2009); VP, Northeast Sales, Fifth Third Bank Leasing (May, 2004 - May, 2007); VP, NY Metro Sales (Fleet Capital Leasing/NE Region (February, 2001 - May, 2004); VP, District Manager, The CIT Group, Commercial Equipment Finance (July, 1995 - February, 2001); East Territory Manager, Penske Team Lease Program, GE Capital CEF (June, 1993 - June, 1995); District Sales Manager, US Leasing/Ford (February, 1991 - June, 1993); Account Executive, US West Financial/LDI Financial (February, 1989  - January, 1991); VP & District Sales Manager, GE Capital (July, 1985 - January, 1989); Graduate GE Financial Management Program and Various HQ Staff Positions in Finance & Operations (August, 1997 - July, 1985). Education: Isenberg School of Management, UMass Amherst, BBA, Finance (1977)  3.39 GPA.
https://www.linkedin.com/in/mike-salatino-6656b9b/

 

 

Help Wanted

 

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What to Look for When Hiring a Digital Agency?

 

FinTech #102 by Alex Vasilakos

When it comes to both acquisition and retention of clients, it’s no secret that a strong marketing strategy is pivotal. It is equally as pivotal to choose a marketing agency that not only delivers high quality work but is aligned as well with the goals of your business.

Making the decision to hire someone to take care of your business’ marketing needs can sometimes be overwhelming and can often leave you with many questions, such as: where do I start? Do I search on Google? Post an Ad on Craigslist? Do I need someone local? Is it okay if they work remotely?

Start searching on Google in your area first and get a list of 2-3 agencies and then I would do a search for more specialized agencies. For example: “Finance Marketing” or Commercial Real Estate Marketing” and see what comes up.

When deciding which agencies, you’d like to learn about and “interview,” it is helpful to ask others who have utilized marketing agencies and see who they’ve had experiences with. Next, it is important to look at online reviews such as those on Google or Yelp to see if previous clients have had negative experiences, and why. 

Once you’ve decided on the handful (or more) of agencies you might be interested in, consider your business model and whether or not you’d prefer someone local, or someone who is able to work remotely from anywhere. While working with someone you can see face to face from time to time has its perks, keep in mind that you may be able to find a better, higher quality marketing agency that is not local to you, and can do the work entirely from a remote location.

As you enter the meeting and decision making process, be sure to ask the proper questions.

What Are Your Specific Goals? 

Prior to any meetings with different potential agencies, it is important to be prepared. Make sure you understand your exact business and marketing goals so you’re able to explain to them exactly what you’re trying to achieve.

1 - Why do you want to hire an agency to do your marketing? 

Be clear on your numbers goals (revenue, profit margins, acquiring new staff or an amount of clients, etc.) This way, you will give the agency the opportunity to walk away from the meeting with the ability to put together a detailed plan on how they will help you achieve your goals. 

2 - What services are you looking for? 

It is important to be clear on the services are you interested in, and to also be clear if possibly you aren’t sure what services you need to achieve your goals. Remember, the agency is the expert in the field, and sometimes, you may think one type of service is going to help you, when really, your potential could be optimized with another. 

3 - What is your exact budget? 

Knowing your budget ahead of time will allow the agency to craft a proposal that correlates directly with your goals but still remains within your means. It is not a secret that the larger the budget, the more aggressive the campaign, which will ultimately help you reach your goals quicker. With that said, it is imperative that you are candid in your discovery meeting regarding budget in order to not waste anyone’s time. 

Are They Credible?

Choosing to invest in marketing is a huge step and also an important one. Therefore, it is important to understand the quality and skill set of those you’re about to hire. In your initial meeting(s), make sure you are paying attention to the questions you’re being asked. The depth of these questions will allow you to gain an understanding of their overall understanding, ultimately proving or disproving their credentials to you. 

Additionally, you can ask for references of those they’ve worked with and also look at online reviews. Ask references about work quality, if they’ve had success, communication styles, and professionalism.

What is success and how will it be reported and communicated to you?

Without concrete data, marketing efforts are virtually useless. Circling back to the goal you identified earlier, ask yourself what “success” would equal. More sales leads? More website traffic? Social media engagement? Once you know this, make sure you understand how the agency will track this and communicate it to you. What tools are used for reporting? What metrics are reported on? How often will you be updated on the numbers? 

Being sure that you’ll have the ability to know if the services are generating results, and if the strategy can be changed (if needed) is an essential part of choosing an agency to work with. 

The Bottom Line

An agency you know, like, and trust will be the determining factor on whether or not you choose to hire them and continue to work with them. Make sure their values align with yours, that you feel comfortable when you speak with them, and that their overall culture and communication style is a fit for what your preferences are.

Alex Vasilakos
Director of Marketing
The Finance Marketing Group
Alex@financemarketing.com 
Office: 518-591-4645x102 / Fax: 518-677-1071
90 State Street, Suite 1500, Albany, NY 12207

Currently, Alex works exclusively with financial services companies but his depth of knowledge and experience can help design and implement long-reaching strategies for businesses across all industries.
Previous Financial Technology Articles
http://www.leasingnews.org/Conscious-Top%20Stories/fintech.html

 

 

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Amazon's Prime Day likely drove the overall uptick
in July US retail sales

By Jaime Toplin. Business Insider

Bank of America Merrill Lynch estimates that retail sales grew 0.6% in July, compared with a prior Wall Street consensus of 0.4%, according to CNBC.

These analysts believe — based on data derived from BofA's credit card sales in the period — that the uptick was largely driven by Prime Day, Amazon's two-day sales holiday held on July 15-16 this year, which was projected to have raked in $7.2 billion globally in sales on Amazon alone.

Though retail sales have been growing slightly more than expected in the past few months after a downturn earlier in 2019, growth based almost entirely on Prime Day is another indicator of the brand's dominance in the US market.

Prime Day's impact is growing on an annual basis. The sale has grown substantially year-over-year: In 2018, Prime Day drove $4.2 billion in Amazon sales — 71% less than this year's total — though the event was 12 hours shorter, per Internet Retailer.

That growth has propped up retail sales across the board: BofA and Merrill Lynch said that this year's impact was "large" after more "modest" gains in 2018 and "negligible" spend in 2017 and 2016, per CNBC.

Though Prime Day's impact on US retail sales likely came largely from Amazon, promotions from other retailers drove spending as well. We conducted an on-site survey of Business Insider readers asking about their shopping habits on Prime Day. While the sample isn't general population data, we think it provides a clue into consumer behavior around the shopping event.

• Most respondents shopped with Amazon for Prime Day — indicating that the promotion is working best on Amazon's proprietary site. Fifty-eight percent of respondents shopped with Amazon, with over one-third (37%) spending more than $100 on the site during the Prime Day promotion. This was likely driven in part by free shipping — offered as a feature of Prime Day — and could help continue to grow sales in the future. Finding ways to channel sales will be important for Amazon because, although a wide audience is gaining access to the sale as Prime saturates the US market, subscriber growth is slowing and it's getting harder for the e-tailer to sign up new members, which could temper growth in the future.

• But deals from other retailers are gaining traction and should continue to do so in the years to come. Other US e-tail giants, including Target and Walmart, offered their own deals during the event in an attempt to counter Amazon and bring in sales of their own. Amazon also incentivized shopping on smaller retailers in the days leading up to Prime Day through a promotion that offered customers an Amazon gift card for using its buy button, Pay With Amazon, on other sites. Twenty-three percent of respondents to our survey made a purchase from other retailers during Prime Day — not a huge share, but still substantive, considering that other retailers only began throwing their hats into the ring in 2018 — and those sales could have also contributed to the retail sales lift in the period. Now that these other retailers have a solid Prime Day under their belts, upping their efforts and investing more in promotions and deals during the period in the future could grow their share of sales and continue to boost US retail spending.

 

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The Pew Research Center has released a new poll showing that U.S. public views of China have becoming increasingly unfavorable amid the ongoing trade war and continued geopolitical tensions in the South China Sea. The poll comes as the Trump administration decided to backtrack on imposing new tariffs on a range of high-profile Chinese imports with some describing the move as a temporary ceasefire in the bitter trade war between the two nations.

The research found that 47 percent of Americans had an unfavorable view of China in 2018 and that rose to 60 percent by spring 2019. That's the highest level ever recorded by Pew in the 14 years since they first asked the question. The lowest level was recorded back in 2006 when the share finding China unfavorable was just 29 percent. The polling also found that just under a quarter of Americans (24 percent) consider China a threat. That's up on 2014 and 2007 when the share was 19 percent and 12 percent respectively.

In terms of political affiliation, a majority of Democrats and Republicans view China in an unfavorable light. Negative views are more pronounced among Republicans and Republican-leaning independents, 51 percent of whom held an unfavorable view in 2018. This year, that climbed dramatically to 70 percent. Unfavorability has also soared among Democrats, climbing from 49 percent in 2018 to 59 percent in 2019.

By Niall McCarthy, Statista

https://www.statista.com/chart/19023/share-of-the-us-public-with-a-favorable-unfavorable-view-of-china/

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

DBO Second Invitation for Comments:
Commercial Financing Regulations

The DBO is seeking public comment by Sept. 9 on draft regulations and sample disclosures developed to carry out SB 1235, which requires lenders and other commercial financing companies to provide clear and consistent disclosures to small business owners.

The 2018 legislation established the nation’s most extensive set of protections for small business borrowers and directed the DBO to adopt regulations implementing the disclosure requirements.

On December 4, 2018, the Department invited the public to comment on the substance and form of the required disclosures.  Following review of the comments received from stakeholders, regulations were drafted that may be proposed for adoption through the rulemaking process.

At this time, the Department is requesting public comment on the draft regulations and sample disclosures.  The draft text is posted to the DBO website.

Interested parties and stakeholders are encouraged to submit comments to regulations@dbo.ca.gov before the Sept. 9 deadline.  Please include “PRO 01- 18” in the subject line with a copy to Senior Counsel Charles Carriere at charles.carriere@dbo.ca.gov.

Comments may also be submitted by U.S. mail to:
Department of Business Oversight
Attn: Mark Dyer, Rulemaking Coordinator
1515 K Street, Suite 200
Sacramento, California 95814-4052

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

 

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

Xtraction Services Launches Equipment Sale-Leaseback
Program to Cannabis & Hemp Oil Processors

Leading-Edge Purchasing Solutions Company Provides
Leasing Services to Support Growth and Scalability

LOS ANGELES,   -- Xtraction Services ("XS"), an equipment leasing and extraction solutions company specializing in manufacturing, testing, and packaging equipment for both cannabis and hemp, today announced the launch of their equipment sale-leaseback program, providing existing oil processors the opportunity to unlock additional working capital without any interruptions to production.

As the demand for cannabis and hemp oil continues to increase in a capital-constrained marketplace, many oil processors are challenged to find the capital resources to expand and scale their business. By providing the necessary high-quality equipment through leasing and sale-leaseback programs, XS reduces the need for large up-front capital investment, allowing for increased flexibility and growth potential.

A sale-leaseback allows oil processors to unlock capital from existing equipment and free up the cash they previously invested. With the launch of this new product, XS helps oil processors to invest in other areas of their business while continuing to use the equipment.

David Kivitz, CEO of Xtraction Services explained,""The expansion of our services to include these types of equipment leasing solutions, gives oil processors the opportunity to obtain additional cash flow and working capital without experiencing any interruptions to the production process. The equity capital markets have slowed over the past 3-4 months, and our customers need other solutions, which we are providing."

Xtraction Services is dedicated to helping companies master both the cannabis and hemp oil extraction process and is proud to offer the widest range of leasing solutions, first-class consulting services, and expertise, to help cannabis entrepreneurs be more strategic with their resources and maximize returns.

For more information, please visit www.XtractNow.com.

About Xtraction Services
Founded in 2017, Xtraction Services has worked with equipment manufacturers and oil processors across the U.S. with their equipment needs. Xtraction Services provides flexible leasing options to help manufacturers access the equipment they need while affordably spreading their payments over time.

SOURCE Xtraction Services

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

 

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Fernando's View
By Fernando F. Croce

Topical drama (“Luce”) and winning frights (“Scary Stories to Tell in the Dark”) come to theaters, while DVD releases offer underrated suspense (“Domino”), charming animation (“Missing Link”), and an absorbing biopic (“An Angel at My Table”).

In theaters:

Luce (Neon): Ambiguity meets topicality in this tense study of race and privilege, which received critical raves from the Sundance Festival. Adapted from J.C. Lee’s stage play, the story is centered on the eponymous character, an Eritrean orphan (played as in his high-school years by Kelvin Harrison Jr.) who is considered a “poster boy” for good behavior by those around him while quietly harboring darker thoughts. His adoptive parents (Naomi Watts, Tim Roth) live with him in an idyllic household, but his teacher, Harriet (Octavia Spencer), worries about the side that Luce has expressed in a disturbing essay. Trading the sci-fi trappings of his previous movie (“The Cloverfield Paradox”) for a meaty look at what lurks under suburban surfaces, director Julius Onah keeps things gripping with the help of a strong cast.

Scary Stories to Tell in the Dark (Lionsgate): A bit of Halloween comes early to theaters with this enjoyable version of Alvin Schwartz’s children’s horror stories. Set in 1968 Pennsylvania, the three-part story finds horror aficionado Stella (Zoe Margaret Colleti) and her friends, Auggie (Gabriel Rush) and Chuck (Austin Zajur), touring a supposedly haunted mansion with the help of a drifter named Ramon (Michael Garza). Faced with a series of spooky tales belonging to a certain Sarah Bellows (Kathleen Pollard), the gang discovers the thin line between fictitious and real fright as scarecrows and zombies come their way. Though a veteran of intense thrillers, director André Øvredal (“The Autopsy of Jane Doe”) handles the material with a stylish yet light hand, serving up a winning, bittersweet ode to innocence and macabre imagination.

Nextflix: The grand lioness of African-American literature, Toni Morrison (1931-2019) tackled essential issues by bringing extraordinarily rich and vivid characters to life. So check out Netflix for the brilliant 1998 screen version of her masterpiece “Beloved,” and head to theaters for the current doc “Toni Morrison: The Pieces I Am In.”

On DVD:

Domino (Saban Films): In his first film in seven years, suspense specialist Brian De Palma (“Dressed to Kill”) takes a twisty look at a world gripped by terrorism and paranoia. The story follows the obsessive revenge of Christian (Nikolaj Coster-Waldau), a Danish police officer who, wrecked by guilt over the murder of his partner, becomes determined to hunt down the man he believes to be guilty. Suspended by his department yet aided by policewoman Alex (Carice von Houten), Christian tracks down a Libyan suspect named Imran (Eriq Ebouaney). The chase is complicated, however, by a CIA agent (Guy Pearce) who has his own plan to uncover terrorist connections. Though cut by the producers after a notoriously difficult shoot, the film deserves a chance with audiences as it builds to an explosive conclusion.

Missing Link (Annapurna Pictures): From Laika, the stop-motion studio behind “Coraline” and “ParaNorman,” comes this charming animated fable directed by Chris Butler. Mr. Link (voiced by Zach Galifianakis) is the titular character, a towering, furry yet gentle and lonely creature who’s determined to find the rest of his family. To do so he recruits Sir Lionel Frost (Hugh Jackman), a jaunty explorer who never turns down an adventure. Along the way they find help from a fellow explorer named Adelina (Zoe Saldana), along with danger from a villainous hunter, Lord Piggot-Dunceb (Stephen Fry). In contrast to many modern animated films, Laika’s latest trades manic humor for quiet whimsy, using the growing relationship between the characters as its emotional center. The results are visually sumptuous, droll, and unexpectedly touching.

An Angel at My Table (Criterion): Oscar-winning director Jane Campion (“The Piano”) scored a major critical success with this often overwhelming 1990 biopic of acclaimed New Zealand author Janet Frame, covering her life from her childhood in the 1920s to her troubled adulthood. Amid harsh poverty, young Janet (Alexia Keough) develops a taste for the literary, a dream that, as she becomes a teenager (played by Karen Fergusson), becomes at odds with her economic survival. As a woman (played by Kerry Fox), she must battle her own crippling timidity as well as the harshness of her surroundings. Mixing brutality and lyricism, Campion crafts a visual epic out of her protagonist’s interiorized struggle, finding a kindred spirit in the artist determined to break through inner and outer barriers. A bold, inspiring experience.

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Ask about Minor:
https://www.petfinder.com/dog/minor-45606898/mn/mankato/blue-earth-nicollet-county-humane-society-mn133/#petInquiry

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Adoption Process
Fill out the pre-adoption form (listed above)
Bring along the form & leash to the shelter
Meet with an adoption specialist during adoption hours:
Thursday & Friday   3 p.m. - 7 p.m.
Saturday & Sunday 12 p.m. - 5 p.m.

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 “What have you gotten us into, Larry?”

By Christopher Menkin

 (This appeared January 25, 2008 in Leasing News as the first of a series of short stories.)

(This is fiction; all names, places, circumstances are fictional.)

Frank was furious and his short-quick temper was evident. His face was tense, and the normally well composed tall, handsome man, was bent over his desk, hands pressed onto the top as if now part of the desk that he could actually grasp it, pick it up to over his head and hurl it straight at his partner in San Francisco Valley Leasing. Larry was scared, wishing he could disappear into the dark blue-black leather chair in Frank’s office. He knew he had to talk fast. His partner was generally very friendly, talkative, but when he lost his temper, watch out!

“This guy is one of my golfing buddies, “he explained.

“I have known him for years. We go out for beer afterwards.

I have been to dinner and lunch with him, for several years.

He also was a good vendor of ours. We have done leases with his company since day one. I thought

I knew him, but ever since he expanded, went into bigger offices, brought in this fellow to replace him as president so he could grow the business, he started to change. I don’t know when. I didn’t see it coming. I trusted him. I really didn’t see it coming.”

“But how did it happen!” Frank yelled, with his hands no longer on the desk, but by his side, but still standing up. He was an ex-marine, who ran every day, worked out at a gym, and you didn’t want to get his old Californian Spanish blood boiling.

“Just listen,“ Larry said, trying to cool him down. “ Let me tell you. We have four sets of attorneys and in the last deposition, all four of them took their turn ripping into me. Barry didn’t seem happy afterwards, either.”

“You got our attorney Barry pissed off, too? “ Frank said. “Central Valley didn’t even invite me to Russ Richard’s retirement party. His new replacement told me not to come! What the hell did you do?”

“You know, Barry. He wasn’t angry, but then, he wasn’t happy either. He told me to talk to you about it.”

“All I know is you told me the lessee went bankrupt and some of the equipment was missing.”

“Well, some of the equipment wasn’t there.”

“What do you mean? Some of the equipment wasn’t there!”

“It never existed.”

“What! I thought you inspected all the equipment yourself?”

“Well, I did, and I also thought I signed the lease, too.”

“I thought our policy was for either of us to witness the signature of all the leases?”

Larry stood up and faced Frank. They were both standing. Larry moving his arms as he spoke. Frank looking like he was about to jump over the desk and take his partner physically apart.

“That’s one of the mistakes, I guess, “Larry said. “Calm down, and I’ll tell you what came out of today’s deposition. Just relax. I gave you the first two parts. This is the third one, and the real problem, Barry has not billed us for everything. I told him we didn’t have the cash flow for it right now. We are at $38,000 with his firm.”

“What?! How did this get out of hand?!”

“There have been several preliminary hearings, depositions take that Barry attended, driving time, waiting time, responses, a lot of things because there are four leasing companies involved, including our bank. This was the first deposition on me with four attorneys involved. It wasn’t fun, let me tell you.”

Frank just stared at him. At least he didn’t look like he could have picked up the large wooden desk with a glass top and thrown it at him, Larry thought.

“First, I do witness all the signatures...at least I thought I did. Reading the president’s deposition, I remember I actually didn’t see him sign it. He said I didn’t see him sign it, as he didn’t. Thinking about it, both Peter and I visited the office together. In fact, the similar thing happened about four times...

“Four times!!!”

“That is another part of the problem, as they think we split the lease four times, but we didn’t. There were four separate leases with four separate leasing companies over a six month period of time. Two of them were around $10,000, so I couldn’t take them to the bank. So I sent them other places...”

“Other places...”

“But in each of the write-ups, I mentioned the other leases. And in the last two, used them as a reference...”

“A reference?”

“The problem is one of the leases turns out to be a sale/leaseback on existing equipment they had, and on one lease, the equipment didn’t exist---or doesn’t exist today. Plus the president said
he never signed one of the leases.”

“He signed three, but not one.”

“Yeah, and it is the Central Valley lease.”

“That’s why I am not invited to Russ Richard retirement party!”

“Yes, it was for $85,000...and it gets worse.”

“How can it get worse?”

“We typed the invoices for Peter, and Barry said we shouldn’t have done that.”

“I don’t understand.”

“Well, for a number of our vendors, to speed up the funding, we have their letterhead here. We can put the serial numbers on the invoice, make sure the ‘sold to’ is right, that no warranties
are in the invoice, and it helps speed up the processing. We have done this a long time for many of our repeat vendors.”

Frank sat down on his dark blue-black leather chair that matched the other chairs in his office. He waited what seemed to be for minutes, didn’t say anything, then leaned back as Larry continued to speak.

“Look, we don’t change any of the prices or inflate it,“ Larry explained. “ We make sure the invoice is correct and it is on the vendor’s own invoice that we type. We are like the vendor’s agent.”

“So what did Barry tell you to do.”

“He said he advises us to quit that practice of typing vendor invoices.”

“I mean what did he tell us our chances were in this case.”

“Barry said it was a ‘business decision’.”

“So you finally got around to telling me what happened.
I certainly had wished you told me this sooner.”

“Look, Frank. We are innocent. We are the victims here. We didn’t do anything wrong.”

“It seems typing the invoice is wrong.”

“We only did it for one of the invoices, not all three, as the
others had more equipment than just one machine...”

“What about the witnesses of the signature.”

“Peter and I went together. I inspected the machine, verified that it was there. It was supposed to be new, at least it looked new to me. Later we find out it wasn’t new, nor was it leased. He actually sold it. He said in the deposition he had the right to sell it because he owned it and never signed the lease....I swear, Frank, it looked new to me...I went with Peter to sign all the leases, and in the last one, the president was in a meeting, so we waited, and Peter had to get going, so he said he would take the lease into the President at the meeting and get him to sign it. I mean, I thought it was okay because it was Peter, this was the fourth lease, I had seen the equipment, so I saw nothing wrong with it.”

“Who was making the payments?”

“The company was. He told them that Peter had done a ‘sales/leaseback’ on new equipment and to make payments to Central Valley. Peter took a 20% commission and the company got the rest.
It seems it was the third time. One was a sale/leaseback on existing equipment. The first two were new equipment at double the price. The last one was for the new equipment, not the machine on the lease. It was $85,000. He only made two or three payments to Central Valley Bank. ”

“So where do we stand?”

“Besides the ‘reps and warrants’ issues, we’re the only one with money, Frank. Peter filed bankruptcy. The company we did the leases for filed bankruptcy, as did the president, a personal bankruptcy, so
whether he signed the lease or not, doesn’t really matter. The bottom line is... it looks like we are the only ones left with deep pockets.”

“Deep pockets!!! We haven’t even paid Barry’s firm!”

“But we’re innocent. We’re a victim, too.”

“Give me a break! We’re screwed. Barry said it was a business decision because he doesn’t think it is worth the money to prove our innocence. If we want to do that, he’ll do it, and we have to pay his bill to do it, too. It also will affect our relationship with funding sources. That’s what he means ‘it is a business decision’!”

“So what do you want to do?”

“First, no more typing vendor invoices. Second, on all leases, get them notarized.”

“No one does...”

“We do in real estate, so from now on--- Notarize THEM!”

“You’re a notary, so that is easy for you to say, “Larry said, also sitting down. “How about we make a copy of their driver’s license. I know it’s not like getting a notary, but you won’t be able to get a driver’s license unless the person signs.”

“I would rather have a notary, especially on larger leases, “
Frank responded. “But it does shows an effort on who signed the lease. Notary first, and if not, driver’s license. No exceptions. And I don’t care if no one else does it, we do it from now on. And if no lessee wants to do it, we won’t do the lease. It’s that simple.”

“What else.”

“I am going to talk to Central Valley and see if they will let us pay from the residuals they are holding on leases they funded for us. We’ll pay full boat, plus attorney fees. I think they will go for that...They have collateral. They know when they will get paid. So now see if the other two will settle...make them an offer. No games. 50% now or terms for the 100%. No attorney fees. If we are innocent, as you can convince them, maybe they will go for it.”

One funder settled for half over six months. Another agreed to the full 100% owed paid over 12 months. The third wrote it off and said San Francisco Valley was also a victim, Central Valley Bank accepted the residual plan along with paying all the attorney fees.

Frank Sanchez was then invited to Russ Richard retirement party. He wasn’t happy with the situation, but was happy that Russ wanted him to come, particularly when he found out it was Russ’s replacement who thought it not appropriate that he attend. Frank knew things would never be the same with Central Valley without Russ. In fact, in less than ten years the bank was sold twice and the leasing entity became one of the largest in the United States under the leadership of Russ’s replacement. But it was never the same to Frank.

Oh, yes, Larry became a Notary Public.

San Francisco Valley Leasing stories

News Briefs----

Install Windows 10's August 2019 updates now
  to protect your PC from a nasty worm
https://www.pcworld.com/article/3431700/install-windows-10s-august-2019-updates-now-to-protect-your-pc-from-a-nasty-worm.html

Bernie Madoff whistleblower says GE
    is a bigger fraud than Enron
https://www.cnn.com/2019/08/15/investing/general-electric-harry-markopolos-whistleblower-accounting/index.html

It's official: July was hottest month on record
  June was also the hottest month for June on record
https://www.nbcnews.com/mach/science/july-2019-officially-earth-s-hottest-month-record-ncna1042671

FAA Poised to Reject New Simulator Training
    Before 737 Max Flies
https://www.industryweek.com/leadership/faa-poised-reject-new-simulator-training-737-max-flies

 

[headlines]
--------------------------------------------------------------

You May Have Missed---

The federal government is set to overhaul the rules behind a hated law that truck drivers said slashed their pay
   and left them 'more reckless than ever'
https://www.businessinsider.com/fmcsa-rules-to-change-eld-laws-that-truck-drivers-hate-2019-8

 

[headlines]
--------------------------------------------------------------

A Fairy Tale
by
Wayne Lanter

"The body of a horse, the heart of a boy,"
Campanella claimed, catching four games
a day in the negro leagues - sometimes
losing twenty pounds in the process.
Talented enough to do it,
little boy enough to think it's important,
beyond the money and people shouting,
the pure pleasure of driving a fastball
over the three-eighty sign.
When he objected to her Korean tour,
Monroe lectured )Joltin' Joe.
"You don't know what it's like
to have thirty thousand people cheer
for you." Some time before, sixty thousand watched
him catapult two shots into the seats off Feller.
"Yes, I do," he said.
Even a hundred mile-an-hour fastball has its limits.
Feller warned young pitchers
of "hitters you can't throw it by."
He hadn't seen Dalkowski throw.
Maybe Dave Pope had the fastest hands
of anyone. In the cage or in a game,
turn on it. It turns on that.

In the beat of a boy's heart Campanella
ended up "a horse that couldn't run."
Pulled from a tangle of twisted metal
he sits at home plate in a wheelchair,
the stars and stripes draped across his legs.
For years DiMaggio sold coffee-makers.
Feller and Pope lived on to old age,

old age. Dalkowski simply dropped off
the radar, or so it seems.
Monroe? Everybody knows that story.
How they souped-up the ball,
lowered the mound,
reduced the strike zone,
suspended pitchers for throwing at hitters,
brought in the fences,
yes, they brought in the fences.
Everybody knows that story.

from:
"A Season of Long Taters"
Baseball Poems
    by
Wayne Lander
Published by Snark Publishing
637 W. Hwy 50 #119
O'Fallon, Illinois, USA

(Printed with permission of the author)

 

[headlines]
--------------------------------------------------------------

Sports Briefs---

What Antonio Brown reportedly told Derek Carr
   upon return to Raiders camp
https://www.yahoo.com/sports/antonio-brown-reportedly-told-derek-190102599.html

Ex-49er Colin Kaepernick reflects on third anniversary
     of his first anthem protest
https://www.eastbaytimes.com/2019/08/15/ex-49er-colin-kaepernick-reflects-on-third-anniversary-of-his-first-anthem-protest-3/

Giants must move on without Sandoval, Bochy’s not-so-secret weapon
https://www.sfchronicle.com/giants/article/Giants-must-move-on-without-Sandoval-Bochy-s-14305389.php

Celebrity chef files lawsuit against Raiders' Antonio Brown
   over unpaid $38,000 bill
https://www.usatoday.com/story/sports/nfl/raiders/2019/08/15/oakland-raiders-antonio-brown-sued-celebrity-chef-stefano-tedeschi/2016879001/

[headlines]
--------------------------------------------------------------

California Nuts Briefs---

Former tribal leaders plead guilty
  in $6 million casino embezzlement case
https://www.sacbee.com/news/local/article234008327.html?

Frank Fat’s, a California political institution, turns 80.
  The party was just like old times
https://www.sacbee.com/food-drink/article233958517.html?

[headlines]
--------------------------------------------------------------

“Gimme that Wine”

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

Why Consumers Purchase Wine in Cans
https://www.winebusiness.com/news/?go=getArticle&dataId=218097

Flowers Vineyard Next Scribe for Gen Xers
https://thepress.sfchronicle.com/review/flowers-vineyards/

J. Lohr Vineyards & Wines Debuts New Packaging
    for the Acclaimed J. Lohr Vineyard Series
https://www.winebusiness.com/newreleases/?go=getArticle&dataId=218144

Livermore Valley Harvest Wine Celebration set for Labor Day weekend
https://www.mercurynews.com/2019/08/13/livermore-valley-harvest-wine-celebration-set-for-labor-day-weekend/amp/

Courtesy of a Trappist monastery,
    Greek-style white wine arrives in California
https://www.sfchronicle.com/wine/article/Courtesy-of-a-Trappist-monastery-Greek-style-143017

Free Wine App
https://www.nataliemaclean.com/mobileapp/

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

This Day in History

     1691 – Yorktown, VA was founded, named for the ancient city of York in Yorkshire, Northern England, as a port on the York River for English colonists to export tobacco to Europe. The lawyer Thomas Ballard was the principal founder of the city along with Joseph Ring.  It was called "York" until after the American Revolutionary War, when the name "Yorktown" came into common use.  The town reached the height of its development around 1750, when it had 250 to 300 buildings and a population of almost 2,000 people. It was the base of British General Cornwallis during the 1781 siege, which was the last major battle of the Revolutionary War, resulting in his surrender to Gen. George Washington.
    1777 – The Battle of Bennington was 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.
http://darter.ocps.net/classroom/revolution/benn.htm
http://www.matmice.com/home/hockey
http://www.virtualvermont.com/history/benbattle.html
http://www.revolutionaryday.com/usroute7/bennington/
    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.
http://www.multied.com/Bio/RevoltBIOS/KalbJohann.html
http://home.sprintmail.com/~robtmarj/thecollinsfamily.html
http://www.co.dekalb.ga.us/history.htm
    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.
http://www.factmonster.com/ce6/people/A0824487.html
http://www.cr.nps.gov/museum/exhibits/revwar/image_gal/indeimg/hullgen.html
    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.
http://engandchang.twinstuff.com/
http://bullseyedesigns.com/sideshow/people/twins/chang_eng.htm
    1841 - President John Tyler vetoed a bill which called for the re-establishment of the Second Bank of the United States. Enraged Whig Party members rioted outside the White House in the most violent demonstration on White House grounds in U.S. history.  Tyler became president with the death of William Henry Harrison.  This was the first test of the Constitutional succession and his acclimation of the title of president riled many who thought he should take the title of acting or interim president.  He also was resolute in his decisions and rather than acceding to the majority, chose to take their counsel and decide on his own.  Many believe this protest was a result of continuing acrimony rather than the subject of the veto itself.  He initially sought election to a full term as president, but after failing to gain the support of either Whigs or Democrats, he withdrew. When the Civil War began in 1861, Tyler sided with the Confederate government, and won election to the Confederate House shortly before his death. Although some have praised Tyler's political resolve, his presidency is generally held in low esteem by historians. He is considered an obscure president, with little presence in American cultural memory 
    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 Essex County Democrat in Haverhill, Massachusetts was tarred and feathered for his Southern leanings expressed in the newspaper.
    1861 – President Lincoln issued orders forbidding Union states from trading with the Confederacy.
    1862 – Amos Alonzo Stagg (d. 1965) was born in West Orange, NJ.  Athlete and college coach in multiple sports, primarily football. He served as the head football coach at the International Young Men's Christian Association Training School (now called Springfield College) (1890–1891), the University of Chicago (1892–1932), and the College of the Pacific (1933–1946), compiling a career college football record of 314–199–35. His Chicago Maroons teams of 1905 and 1913 have been recognized as national champions. He was also the head basketball coach for one season at the University of Chicago (1920–1921), and the head baseball coach there for 19 seasons (1893–1905, 1907–1913). 
    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. 
    1894 – George Meany (d. 1980) was born in Harlem, NYC.  A labor union leader for 57 years, he was the key figure in the creation of the AFL-CIO and served as the AFL-CIO's first president, from 1955 to 1979.  Meany, the son of a union plumber, became a plumber himself at a young age, as well. He became a full-time union official 12 years later. As an officer of the AFL, he represented the AFL on the National War Labor Board during World war II. He served as president of the AFL from 1952 to 1955.  He proposed its merger with the CIO in 1952 and led the negotiations until the merger was completed in 1955. He then served as president of the merged AFL-CIO for the next 24 years.  Meany had a reputation for integrity and consistent opposition to corruption in the labor movement and strong anti-communism. He was the best known union leader in the United States in the mid-20th century.
    1904 – Construction began on the Grand Central terminal in NYC.  The original Grand Central Depot was opened in 1871 to serve the New York Central and Hudson River Railroad, the New York and Harlem Railroad, and the New York and New Haven Railroad together in one large station.  A 1902 crash killed 15 people, causing the chief engineer of the New York Central to propose the replacement of the steam trains with electrified service.  The terminal cost $35 million and the railroad's board of directors, including Cornelius Vanderbilt, William K, Vanderbilt, William Rockefeller and J.P. Morgan, approved the project on June 30, 1903.  New York Central set up a design competition to decide the firms who would design the new terminal and construction began.  The new terminal opened on February 2, 1913.
    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
    1915 - Birthday of singer Al Hibbler (d. 2001), Tyro, MS.
    1916 – Altapass, NC was deluged with 22.22 inches of rain in 24 hours to establish a state record
    1920 – Cleveland Indians shortstop Ray Chapman was hit in the head with a pitch thrown by Yankees pitcher Carl Mays and died 12 hours later. He remains the only Major League Baseball player to have died from an injury received during an MLB game.  His death led to Major League Baseball establishing a rule requiring umpires to replace the ball whenever it became dirty and it was partially the reason the spitball was banned after the 1920 season.  Chapman's death was also one of the examples used to emphasize the need for wearing batting helmets, although the rule was not adopted until over 30 years later. 
    1922 - Louis Lomax (d. 1970), author, born Valdosta, GA.  http://www.alan-lomax.com/about_bio.html
    1923 – Carnegie Steel Corporation implemented the eight-hour workday for its employees. 
    1924 – Fess Parker (d. 2010) was born in Ft. Worth, TX. A film and television actor, he was best known for his portrayals of Davy Crockett in the Disney 1954–1955 TV miniseries, and as Daniel Boone in an NBC miniseries from 1964 to 1970. He became a well-known wine maker in Santa Barbara, California.
    1926 - Birthday of pianist Mal Waldron (d. 2002), New York City.
http://www.enjarecords.com/mal-waldron.htm
http://www.jazzinbelgium.org/guest/waldron.htm
    1929 - Pianist Bill Evans (d. 1980) birthday, Plainfield, NJ. 
http://www.downbeat.com/artists/window.asp?action=new&aid=50&aname=Bill+Evans
http://members.aol.com/gsonjazz/evans/be-home.htm
http://www.billevans.org/BBS/index.asp
    1930 - The first color sound cartoon, “Fiddlesticks,” was made by Ub Iwerks.  This was the first animated sound cartoon that was photographed in two-strip Technicolor and was Iwerks’ first cartoon since he departed from Walt Disney’s studio.  Iwerks was considered by many to be Walt Disney's oldest friend, and spent most of his career with Disney. The two met in 1919 and would eventually start their own commercial art business together. While working for the Kansas City Film Ad Company, Disney decided to take up work in animation, and Iwerks soon joined him.  He was responsible for the distinctive style of the earliest Disney animated cartoons and was also responsible for designing Mickey Mouse.  Eventually, Iwerks and Disney had a falling-out; their friendship and working partnership were severed when Iwerks accepted a contract with Disney competitor Pat Powers to leave Disney and start an animation studio under his own name.
    1931 - Birthday of Eydie Gorme (d. 2008), born Edith Gormezano in Manhattan.  A pop vocalist, she 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 Kenton Band, records “Orange Colored Sky,” Los Angeles.
    1950 - Birthday of drummer Alvin Queen, The Bronx.
    1951 - Top Hits
“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., MEDAL of HONOR
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, born Kathryn Lee Epstein in Paris, France.  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 but returned to television in 2008 as co-host with Hoda Kotb in the fourth hour of “Today.” She recently retired again.
    1953 - Birthday of singer James “JT” Taylor, Laurens, South Carolina.
    1954 – The first issue of “Sports Illustrated” appeared on newsstands.  There was no large-base, general, weekly sports magazine with a national following on actual active events. It was then that Time magazine patriarch Henry Luce began considering whether his company should attempt to fill that gap. It was not profitable (and would not be so for 12 years) and not particularly well run at first, but Luce's timing was good. The popularity of spectator sports in the United States was about to explode, and that popularity came to be driven largely by three things: economic prosperity, television, and Sports Illustrated. 
    1958 - Birthday of Madonna Louise Veronica Ciccone, known popularly as “Madonna,” born Bay City, MI.  Having sold more than 300 million records worldwide, Madonna is recognized as the best-selling female recording artist of all-time by Guinness World Records. The Recording Industry Association of America (RIAA) listed her as the best-selling female rock artist of the 20th century and the second-highest female artist in the US with 64.5 million album units. Madonna is the highest-grossing solo touring artist of all-time, earning $1.31 billion from her concerts since 1990. Madonna was ranked at number one on VH1’s list of 100 Greatest Women in Music and number two (behind only The Beatles) on Billboard’s Greatest hot 100 Artists of All Time.
    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.  This is a memorable scene in the 1978 movie “The Buddy Holly Story.”
    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 couple who fall asleep in his car at the movies and awake
at 4am, well after her 10PM curfew. 
    1959 - Top Hits
“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," written by Pete Seger and Lee Hays.    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, winning the NL MVP award.
    1967 - Top Hits
“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. 
    1975 - Top Hits
“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. Amidst mounting pressure in 1994, the Presley autopsy was reopened. Coroner Dr. Joseph Davis declared, "There is nothing in any of the data that supports a death from drugs. In fact, everything points to a sudden, violent heart attack.  Whether or not combined drug intoxication was in fact the cause, there is little doubt that polypharmacy contributed significantly to Presley's premature death.”  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 that continues to earn millions annually, decades after his death.    
    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
    1983 - Top Hits
“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.
http://www.dead-or-alive.org/dead.nsf/dnames-nf/DeLorean+John
http://www.dmcnews.com/biblio.html
http://babbtechnology.com/thecar/index.htm
    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.
    1991 - Top Hits
“(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 
    1999 - Top Hits
“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.
    2008 - The Trump International Hotel and Tower in Chicago topped off at 1,389 feet, at the time becoming the world's highest residence above ground-level.
    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 Yankees captain, 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.
    2014 - Continued riots in Ferguson, Missouri over the shooting death of teenager Michael Brown by a police officer have resulted in the announcement of a state of emergency and a curfew by Governor Jay Nixon.