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Thursday, January 19, 2017
Today's Equipment Leasing Headlines
Top 10 Equipment Acquisition Trends for 2017
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Top 10 Equipment Acquisition Trends for 2017
Despite signs of Bad Moon rising, the Equipment Leasing and Finance Association predict optimism and spending by U.S. businesses, nonprofit and government agencies over $1.5 trillion in capital goods or fixed business investment. They predict "Businesses will find positive momentum for equipment investment as the changing economic and regulatory environment contributes to improved business conditions.”
ELFA forecasts the following Top 10 Equipment Acquisition Trends for 2017:
After overall negative growth in 2016, equipment and software investment is on track to improve in 2017. Renewed enthusiasm by business owners to make capital investments will be driven by solid employment rates, rising incomes and higher business confidence.
Growth in equipment and software investment this year will be exceeded by growth in equipment financing as the propensity to finance has increased. A reduced rate of cash outlays, a greater percentage of firms financing—nearly 8 in 10 businesses—and an increase in the rate of lease financing, along with market data indicating that the equipment leasing and finance industry is emerging from a period of slow growth, all point to higher investment in 2017.
Businesses will be further induced to make capital investments with promised action from the new Trump Administration and Congress for infrastructure spending, tax relief and reduced regulatory burdens and other constraints. These fiscal and regulatory policies will contribute to moderately strong growth for the U.S. economy, and somewhat higher growth for equipment and software investment in 2017. However, a tempering influence to this growth scenario is the potential curtailing or elimination of interest deductibility as part of congressional efforts to reform the tax code.
Businesses will also be following developments from the Trump Administration for a less-friendly trade environment. The potential for exiting the Trans-Pacific Partnership (TPP), renegotiating or withdrawing from the North American Free Trade Agreement (NAFTA), and striking a sterner stance with China could spur retaliation from trading partners that will hinder exports and greater economic growth.
The oil price freefall that sent oilfield and mining investment plunging has steadied. With sector spending showing positive growth after two years and the prospect of a friendlier regulatory environment, expect increased oil industry production and investment.
Changes in market and economic conditions will be good news for a number of previously underperforming equipment verticals this year. Stabilizing oil prices will positively impact not only oilfield and mining investment, but also railroad, materials handling and industrial equipment. Look for increased construction equipment investment due to improving personal consumption and promised infrastructure spending.
A non-issue since the Great Recession, expect additional rate increases this year after the December 2016 hike. Businesses will need to assess and plan for financing options accordingly as the Fed acts to keep inflation in check.
End-users seeking value-added benefits for ease of access and process improvements will find them when financing equipment this year. The availability of “FinTech” as an alternative method of financing, managed solution transactions to realize the benefits of aligning costs with business demands and avoid obligations of ownership, and e-chattel for efficient paperless transactions are just a few of the growing trends to watch in equipment finance this year.
Changes approved by the Financial Accounting Standards Board (FASB) in 2016 to bring leases on-balance sheet weren’t as burdensome as many had anticipated, and the primary reasons to lease remain intact under the new rules. This year will see organizations preparing in earnest for the new standard to take effect beginning in 2019.
Despite many favorable factors for equipment spending this year, U.S. businesses will be keeping an eye on developments on numerous fronts. The impacts of geopolitical shifts such as the U.K.’s Brexit move and the prominence of the National Front in France and other groups that are contrary to the existing liberal, free-market international order could be disruptive financially, politically and even militarily. Also, the new Administration’s promised infrastructure spending will depend on the size, design and level of political support of budget-conscious Republicans to pass. Finally, the unknown and long-term economic implications of terrorism continue to loom.
New Hires---Promotions in the Leasing Business
Jake Plata was promoted to Vice President, Nations Equipment Finance, Cleveland/Akron Area. He joined the firm November, 2015, as Assistant Vice President. Previously, he was Regional Sales Manager ShurTech Brands, LLC (April, 2013 – October, 2015); Wealth Advisor, Strategic Wealth Partners (August, 2011 – April, 2013). Volunteer: Networking Board Member, The Cleveland Professional 20/30 Club (April, 2012). Education: The University of Akron, Political Science and Criminal Justice (2006 – 2011). Activities and Societies: Member of the Division 1 Baseball team at the University of Akron. Padua Franciscan High School Diploma, College Preparatory (2003 – 2006).
Eric Rodriquez was named a Direct Funder at Empire Funding, Brooklyn, New York. Education: City University of New York City College (2015 – 2017). City University of New York, Baruch College (2012 – 2015).
Leasing Industry Ads---Help Wanted
For information on placing a help wanted ad, please click here:
“Are You Meeting Your Career Goals or Plans?”
Make sure the position you are interviewing for does not veer from your Career Plans. Most individuals when beginning their education or a new career path, they often do so without a clear sense of direction, and this can lead to a waste of valuable time and effort. Laying out a CAREER PLAN can help to clarify your goals and implement how you plan to achieve them. Once this completed, make sure that future career endeavors meet these set Career Goal Plans.
HOW TO SET UP A CAREER PLAN: You will need some dedicated time to reflect and maybe conduct research, e.g. speak to others, search and review industry periodicals, ghost someone who is in a role you are considering, volunteer, and read some more. Do not rush this is a long-term process and project that will pay dividends in the end (peace, happiness, excitement in your contributions and the benefits go on and on).
SET UP, REVIEW & COMPLETE THE FOLLOWING
OR HERE IS ANOTHER APPROACH
Discover your desires and passions; if you're struggling with this, there are some free and fee-based self-assessment tests available (RII / we have some as well).
Focusing on your core job strengths and weaknesses; again, there are free and fee-based career skill assessment tests available.
Now it's time to decide.
Set goals and timelines based on your career objective.
Action time; if your plan involves a career change, utilize a Career Consultant or Recruiter to assist you with your career search, resume, cover letter and job interview questions.
Get the most out of your new career, planning strategies and learning skills will help you get to the next level.
By planning your career, you're on your way to your ideal career. Knowing your strengths and skills, along with having a plan, will give you the confidence and motivation needed to make a positive change.
DO NOT DEVIATE FROM THIS PLAN
Career Crossroads Previous Columns
“Become More Visual with Marketing On Line”
Some of the most vibrant things are what initially catch our eye when scrolling through news sites or social media feeds. I suppose the cliché of a picture is worth 1000 words still rings true in this day and age. Images and even auto play videos now dominate the content and social world. More social channels have completely converted to visual content, like Instagram, Snapchat, and Facebook.
How are financial companies who most of the time lack ideas for visual content, supposed to thrive in a world dominated by Snapchat filters and emoji’s?
Simply using a text heavy article with no visual content just isn’t an option anymore for running a successful marketing campaign. There is a dire need to start creating more visually appealing content that will continue to help drive traffic.
The key is to think less about items and more about ideas. What type of feeling or emotion do you want your reader to have when they see your image? What type of atmosphere do you want to create for your reader? Sometimes visual content is more about creating an experience for the user rather than posting an item and assuming they will make the connection between that and your content.
Visual content is not only more exciting to look at, it also helps us portray a more personal experience with our customer. For example, if we were promoting an article about how restaurants can benefit from equipment leasing, we may pair the text with an image of a successful restaurant operating during a dinner rush or even a smiling restaurant owner to help develop a more dynamic feeling and response from the reader.
If you compare a website from even 5 years ago to a website freshly created today, you would notice the trend of bigger images and even auto play videos are used for background on websites to entice visits and encourage immediate interaction.
Visual content practices can also be used to enhance old content on websites that never really received the attention for which it had potential for. Repurpose old content on your website by creating a short video that sums up the topic or creating an Infographic that breaks the content down into a timeline of images.
Another great visual content practice that is easily forgotten are webinars. Webinars are great visual content tools because they allow the opportunity for educating and developing new business from that education. Not only are the attendees learning through text accompanied by images, but also live demonstrations.
Remember the internet is more a visual media than a text media.
Previous Financial Technology Articles
Federal Reserve Notes Shift in Payments to Credit Cards
Tri-Annual Study Confirms What We Already Knew That the Usage of Checks is Down and Usage of Cards Is Up, and Fraud Should Decrease
As a banking payments lawyer, the three year survey of payment systems is like the Oscars or Grammy awards. It is eagerly anticipated and the results while generally not surprising, generally confirm what we all see in the market place. Checks are down, credit cards and ACHs are up.
In dollars, ACH transactions comprise the biggest dollar amount of transactions. This is generally due to loan payments and direct deposit salaries. But in terms of numbers, debit cards comprise the largest component of transactions—that quick cup of coffee and the debit card swipe.
• Measured in numbers, payment transactions were up 5.3% and 3.4% in dollars
A chart demonstrating the trends in payment systems follows.
This is aptly demonstrated by the statistic that counterfeit cards constitute a whopping 44% of all credit card fraud. This number should drop significantly as smart cards gain more use.
The usage of checks is also interesting in that they start out as paper items but are generally converted to electronic transactions into the Federal Reserve or are converted to ACH. The use of actual paper checks after the item is deposited is practically nil.
A full table of all payment systems follow.
Tom McCurnin is a partner at Barton, Klugman & Oetting
Previous Tom McCurnin Articles:
PC Sales Down 6% from 2016
Beige Book Reports Economy Continues to Expand
"Overall Economic Activity
"Banking and Finance
Minneapolis CLFP Academy Feb. 23 Almost Sold Out
Thursday, February 23 through Saturday February 25, 2017.
The ALFP is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has already self-studied. During the first two days, all of the required sections of the CLFP exam are covered in-depth and on the third day, the exam is offered, but not mandatory.
Students are strongly advised to have read and studied “The Certified Lease & Finance Professionals’ Handbook” prior to attending the class in order to ensure success.
The cost to attend the class is $600 and the cost of the exam is $695. When purchased together, the total is discounted to $1250. Current CLFPs are offered a discounted price of $395 and class attendance satisfies the Recertification requirement.
The recommended hotel is the Crowne Plaza and registrants who will be staying in Minneapolis, should register by clicking here.
Today there are over 400 CLFPs in Good Standing.
Leasing Academy Classes Schedules
Walnut Creek, California—Sold Out!
For more information, please contact Executive Director
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Trinity Expands Equipment Leasing Business
CHANDLER, Ariz.--Leading venture debt provider Trinity Capital Investment (Trinity) today announced the expansion of its equipment lease financing operations. The company is reserving approximately $200 million for the purpose of leasing equipment to early stage, venture capital-backed companies.
“Trinity has a long history providing equipment leasing,” said Kyle Brown, a partner at Trinity Capital Investment. “In recent years, the majority of our growth has been with our venture term loan facilities. As we continue to grow our business, we want to dedicate a portion of our funding to help early stage, venture capital-backed companies finance their equipment.”
“Many early stage companies do not have the cash flow or collateral to access traditional bank financing,” commented Brown. “We give venture-backed companies the ability to purchase the mission-critical equipment they need, exactly when they need it, allowing equity financing to be used for working capital while minimizing equity dilution for all shareholders.”
Trinity Capital Investment’s equipment leasing solutions range from $2-$15 million per transaction and finance venture capital-backed companies across multiple stages and sectors.
About Trinity Capital Investment
Trinity Capital Investment (Trinity) is a venture lender and valued partner to fast-growing companies across multiple stages and sectors. Since 2008, Trinity has worked closely with leading venture capital firms and their respective portfolio companies to offer valuable support, enhanced flexibility and competitive venture debt financing solutions to customers with distinctive needs. Providing senior and subordinated venture loans and equipment lease financing solutions, Trinity Capital Investment is the partner of choice for venture-backed entrepreneurial companies wanting an experienced financial partner to strengthen their financial position while preserving equity.
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Amembal & Halladay Announces Three Leasing Seminars
Amembal & Halladay is pleased to announce
May 16 - 17:
Registration is now open with an early bird discount in effect until February 28, 2017.
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Two absorbing dramas (“Paterson,” “Julieta”) make for an exceptional weekend at the movies, while new DVD releases include radiant whimsy (“The BFG”), gritty suspense (“Imperium”), and caustic drama (“Fox and His Friends”).
Paterson (Bleecker Street Media): One of the guiding lights of American independent cinema in the 1980s, writer-director Jim Jarmusch (“Stranger Than Paradise”) continues his pursuit of lyrical outsiders in this casually masterful snapshot of the poetry inherent in quotidian moments. Adam Driver plays Paterson, a pensive young man who drives a bus in New Jersey. Living with his quirky wife Laura (Golshifteh Farahani) and observing a wide array of passengers, he leads an unassuming life with a quiet passion—jotting down poetic verses in a notebook, drawing on minute details and expanding them into expressive verses. Rather than plot, Jarmusch patiently focuses on the subtle and fine ways in which everyday routines, events, and objects teem with unexplored beauty. The result is one of last year’s best films, a cinematic poem at once deadpan and ardent.
Julieta (Sony Pictures Classics): After forays in unsettling horror and wild farce, Spanish director Pedro Almodovar (“All About My Mother”) returns to vibrant women’s melodrama with this graceful, mature tale of love and loss. Adapting short stories from award-winning Canadian writer Alice Munro, the film follows the emotional ups and downs of Julieta (Emma Suarez), whose trip from Madrid is shaken by sudden news regarding her estranged daughter Antia. Flashing back to her younger days as a perky substitute teacher (played by Adriana Ugarte), Julieta recalls her relationship with Antia’s father (Daniel Grao), as well as the events that led her to lose the loved ones in her life. Revealing different sides to the characters’ tangled lives with seamless subtlety, Almodovar weaves a richly satisfying narrative of haunted desire. With subtitles.
The BFG (Walt Disney Pictures): Two masters of wondrous whimsy, director Steven Spielberg and author Roald Dahl, team up for this special effects-laden yet hearteningly gentle tale of friendship. The Big Friendly Giant of the title (played, in a marvel of motion-capture technique, by Mark Rylance) is a benevolent behemoth who meets Sophie (Ruby Barnhill), a 10-year-old orphan who accompanies him to the mythical land of the giants. There, she learns of their capacity to capture dreams, and, while at first determined to escape, gradually develops a bond with the Giant. Together, can they stand up to the sinister, man-eating other giants? With a knack for depicting radiant fantasy that goes back decades, Spielberg works his magic and crafts a children’s tale that should charm audiences of all ages.
Imperium (Lions Gate): Still best known as Harry Potter in the phenomenally popular film adaptations of J.K. Rowlings’ fantasy novels, Daniel Radcliffe has been establishing himself as a strong actor in gritty films. Such is the case of his sharp and bold performance in this taut thriller, a true-story tale that remains chilling and relevant from beginning to end. Radcliffe plays FBI agent Nate Foster, whose newest assignment leads him undercover into dangerous hate groups in the American heartland. Disguised as a skinhead, Foster infiltrates a rabid white supremacist gang, where he learns of brutal militias and bombing plots. As the web of suspicious closes tight around him, how high a price is Foster willing to pay for the case? Tensely directed by Daniel Ragussis, this tale of ingrown bigotry benefits greatly from Radcliffe’s ace commitment.
Fox and His Friends (Criterion): The late, great German director Rainer Werner Fassbinder understood both the ecstasies and the agonies of relationships, as amply illustrated in this alternately acerbic and tender 1975 drama. Fassbinder himself stars as the eponymous protagonist, a young carnival worker whose harsh life takes a sharp turn after he wins a small fortune with a winning lottery ticket. Previously mistreated by family members and shunned by snobbish acquaintances, Fox finds himself suddenly encircled by people, including the handsome, perfidious Eugen (Peter Chatel) and an arts dealer named Max (Karlheinz Bohm). Starving for true love, the protagonist gradually realizes that the money has merely exacerbated his despair. Achingly personal even by the relentless Fassbinder’s standards, this acidic and poignant film gives sharp visual expression to the characters’ emotional turmoil. With subtitles.
“Hi, I'm Beau! I am a good boy, who is looking for his forever home. Could it be yours? I am a medium guy, who would make for a great cuddle companion. I would be perfect for any size space, since I am about done growing! I get along well with other dogs. I have not been introduced to cats or young kids, but can be tested if needed.
“Beau would love a family that can give him the love he deserves, in return for daily kisses, tail wags and cuddles. Of course, he is also looking to have fun with daily exercise and romps at the dog park. He can't wait to show how smart he is at doggie school too! Squeaky toys and treats would also be a must!
“Won't you consider giving Beau the forever home he needs and deserves? He can't wait to be part of your family.
“Like most shelter dogs, Beau may need a refresher on house training. He is likely crate trained.
“The adoption fee for this dog is $350, which includes the cost of routine vetting, including vaccinations and spay/neuter. If you are interested in adopting, please download our Adoption Questionnaire and email it to Chanell at email@example.com!
“Thank you for contacting Lucky Dog Animal Rescue and helping to save a life! Please visit us online at www.luckydoganimalrescue.org.”
Our Phone Numbers
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Dimon Says Euro Zone May Not Survive
Banks begin moving thousands of jobs out of Britain
California Nuts Briefs---
New Jersey Pets in Need
American Football Poem
American Football Poem & Shakespeare
The modern spelling of the word "football" is first recorded, when it was used disapprovingly by William Shakespeare. Shakespeare's play King Lear (which was first published in 1608) contains the line: "Nor tripped neither, you base football player" (Act I Scene 4). Shakespeare also mentions the game in A Comedy of Errors (Act II Scene 1):
Am I so round with you as you with me,
You spurn me hence, and he will spurn me hither:
("Spurn" literally means to kick away, thus implying that the game involved kicking a ball between players.)
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This Day in American History
1770 - Battle of Golden Hill in Lower Manhattan. Although no one was killed, the Battle of Golden Hill was the first significant clash between citizens and British troops as the colonies moved toward revolution. Several New Yorkers had been wounded in a similar confrontation three years earlier, but Golden Hill was a more direct challenge to the British and the wounds suffered by the patriots were more severe.
1807 - Confederate General Robert E. Lee's (d. 1870) birthday, Stratford Hall, VA. He was considered the greatest military leader of the Confederacy, son of Revolutionary War General Henry “Light Horse Harry” Lee, George Washington’s best friend. His most daring plan was to turn the war by directly attacking Washington, DC, although his troops were discovered quite by accident in Gettysburg, Pa, resulting in one of the bloodiest battles of the Civil War. His surrender April 9, 1865, to Union General Ulysses S. Grant, brought an end to the Civil War. His birthday is an official state holiday for the State of Texas. His birthday is also observed in Florida, Kentucky, Louisiana, and Tennessee. It is also observed the third Monday in January in Alabama, Arkansas and Mississippi.
1809 - American poet and story writer Edgar Allan Poe (d. 1849) was born at Boston, MA. He was orphaned in dire poverty in 1811 and was raised by Virginia merchant John Allen. In 1846, he married his 13-year old cousin, Virginia Clemm. A magazine editor of note, he is best remembered for his poetry, especially “The Raven.” and for his tales of suspense. The NFL Baltimore Ravens are named in honor of the poem.
1810 - The famous "cold day" in New England. Gale force winds wrecked homes, and accompanied a sudden overnight drop in temperature of 50 degrees. Tragedy struck Sanbornton, NH where three children froze to death.
1825 - Ezra Daggett and Thomas Kensett obtained a patent for a process for storing food in a can.
1846 - The first military prison on an island was Fort Jefferson, Monroe County, FL. Construction began in 1846 on an island in the Gulf of Mexico, 60 miles from Key West. It was garrisoned by Brevet Major Lewis Golding Arnold, 2nd U.S. Artillery, with four officers and 62 men. The fort had not been completed and was barely defensible. A prison for the confinement of U.S. Military prisoners was established in 1863. The prison was often called Dry Tortugas. During the Civil War, the fort was a military prison for captured deserters. It also held the 4 men convicted of complicity in President Abraham Lincoln’s assassination in 1865, the most famous being Dr. Samuel Mudd. The Fort was plagued with construction problems and Yellow Fever epidemics. The invention of the rifled cannon made the Fort obsolete, as its thick walls could now be penetrated. The Army finally abandoned Fort Jefferson in 1874. Today it is a national park.
1847 - After killing the sheriff and a prefect, Native American Indians force their way into the house of New Mexico's first American Territorial Governor, Charles Bent, and scalped him and three others in Taos.
1857 - A great cold storm swept across the Atlantic Seaboard. Snowfall totals of 12 inches were common, whole gales caused shipwrecks and damage property on islands, and temperatures near zero prevailed from Virginia northward. Great drifts of snow blocked transportation. Richmond, VA was cut off from Washington, DC for a week.
1861 - Georgia becomes 5th state to secede.
1862 - Laws were passed in the State of New York granting equal guardianship of children to mothers. Up to that point, fathers had EXCLUSIVE rights to the children as they did in England and could will the children to anyone they wanted at their deaths or could give them away during their lifetime.
1863 - The founder of the Goodwill Industries, Edgar J. Helms (d. 1942), was born near Malone, NY. Reverend Dr. Helms became a minister to a parish of poor immigrants in Boston’s South End. In that capacity, he developed the philosophy and organization that eventually became Goodwill Industries.
1865 - Union occupies Fort Anderson NC
1871 - First Negro lodge of US Masons approved, New Jersey.
1881 - Western Union buys rival telegraph company, in vain. Jay Gould, the ravenous financier and archetypal robber baron, used his wiles and ways to seize control of Western Union, William Vanderbilt's mighty telegraph company. Gould mounted an elaborate campaign to drive down the company's stock, using his newspaper, as well as his influence on Wall Street, to raise doubts about Western Union's leadership and hefty stock price. He also started a rival telegraph concern, the Atlantic and Pacific Company, in hopes of raising doubts about Western Union’s dominance over the industry. The gambits worked and Western Union's stock swooned. In a desperate attempt to staunch the bleeding, Western Union snapped up the Atlantic and Pacific Company on this day in 1881. Far from staving off the competition, the deal further fattened Gould's pocketbook and, more importantly, primed him for the final phase of his takeover scheme. Gould convinced his Wall Street associates to start another raid on Western Union. However, as the traders were busy driving down Western Union’s asking price, Gould, in the guise of an "anonymous" investor, started gobbling up the company’s suddenly cheap stock. When the dust settled, Gould’s cronies were left counting their losses; meanwhile, the devious financier had successfully wrested control of Western Union.
1887 - Birthday of Alexander Woolcott (d. 1943), in Phalanx, (now Colts Neck) New Jersey. The model for the egotistical Sheridan Whiteside in Kaufman & Hart's “The Man Who Came to Dinner” will be "the smartest of Alecs" to Heywood Broun and "Old Vitriol & Violets" to James Thurber.
1898 - The first college ice hockey game ever played saw Brown University defeat Harvard University 6-0. Fifty years later, the NCAA staged its first college hockey championships.
1905 - Birthday of Oveta Culp Hobby (d. 1995), Killeen, TX. U.S. newspaper executive and the first U.S. Secretary of Health, Education, and Welfare, director of the Woman's Army Corps (1942-1945). She was noted for her organizational abilities before marrying into the family which owned the Houston Post newspaper. She ran it as executive vice president and later chaired the board for 19 years.
1915 - World famous labor organizer and songster Joe Hill is arrested in Salt Lake City, Utah. He is convicted on trumped-up murder charges and was executed 21 months later despite worldwide protests and two attempts to intervene by Beloved & Respected Comrade Liberal, President Woodrow Wilson. In a letter to Bill Haywood shortly before his death, he penned the famous words, "Don't mourn - organize
I dreamed I saw Joe Hill last night,
Alive as you and me.
Says I "But Joe, you're ten years dead"
"I never died" said he,
"I never died" said he.”
Also, 20 rioting strikers are shot by factory guards at Roosevelt, New Jersey.
1915 - Isadora Duncan dance "Dionysion" premiers at the NY Met.
1920 – US voted against joining the League of Nations.
1925 – Maine state record low temperature, -48ºF (-44ºC), Van Buren, ME.
1933 - Giant Forest, CA received 60 inches of snow in just 24 hours, a state record, and the second highest 24 hour total of record for the U.S.
1934 – The appeal for reinstatement by Shoeless Joe Jackson was rejected by Commissioner Landis. Jackson was one of eight Chicago White Sox players banned for their part in throwing the 1919 World Series.
1937 – Howard Hughes set a transcontinental air record, when he flew from Los Angeles, California to New York City in 7 hours, 28 minutes and 25 seconds.
1937 - The second annual Baseball Hall of Fame election saw second baseman Nap Lajoie, center fielder Tris Speaker, and pitcher Cy Young elected to the shrine. The trio was honored at the Hall's first induction ceremony in 1939.
1943 – Birthday of singer Janis Joplin (d. 1970), Port Arthur, Texas. Possibly the most highly regarded white female blues singers of our time, Joplin’s appearance with Big Brother and the Holding Company at the Monterey International Pop Festival in August, 1967, launched her superstar status.
I was there and she was quite loaded, but then again, most of the audience was either drunk or high and the music very loud and emotion high. Among her recordings hits were “Get it While You Can,” “Piece of My Heart,” “Ball and Chain” and “The Windshield Song.” She died of a heroin overdose October 4, 1970 at Hollywood, CA, age 27.
1944 – Pop singer and actress Shelley Fabares was born in Santa Monica, California. On her 18th birthday, in 1962, Fabares’ recording of “Johnny Angel” hit number one on the Billboard chart. A year later, she retired when she married record producer Lou Adler.
1946 – Country star Dolly Parton was born in Sevierville, Tennessee. She gained wide exposure as part of Porter Wagoner’s TV and road show from 1967 to 1974. And Parton did even better on her own. Hits such as “Nine to Five,” from the movie in which she starred, and “Heartbreak Express” brought her a wider audience than most country artists enjoy.
1947 – Top Hits
“For Sentimental Reasons” – Nat King Cole
“Ole Buttermilk Sky” – The Kay Kyser Orchestra (vocal: Mike Douglas & The Campus Kids)
“A Gal in Calico” – Johnny Mercer
“Rainbow at Midnight” – Ernest Tubb
1949 – Birthday of rock singer Robert Palmer, West Yorkshire, England. Best known for his song, “Addicted to Love”.
1949 - The salary of the President of the United States was increased from $75,000 to $100,000, with an extra $50,000 expense allowance for each year in office. As of 2001, the President makes $1,000,000 a year.
1952 - PGA Admits Blacks: The Professional Golfers Association of America amended its rules to allow black golfers to participate in tournaments.
1953 - Sixty-eight percent of televisions in the United States tuned to CBS-TV, to see Lucy Ricardo, of "I Love Lucy", give birth to a baby boy, as she actually did in real life. The program's audience was larger than that watching the inauguration of President Dwight D. Eisenhower next day. In fact, in many papers, the Lucille Ball baby story kicked the inauguration off the front page.
1953 - Marty Robbins made his debut on the Grand Ole Opry. His first big hit, "Singin' the Blues," was at the top of the country charts at the time.
1954 – Former NFL QB Steven L. “Steve” DeBerg, born Oakland, Ca. Although he is remembered as a journeyman QB, DeBerg passed for over 34,000 career yards, and ranks in the top 20 all-time for attempts, completions, and yards passing. He is also credited with mentoring, as a teammate or backup, some of the game’s greatest QBs, including Joe Montana, John Elway, and Steve Young, all Hall of Famers.
1955 - Top Hits
“Mr. Sandman” - The Chordettes
“Hearts of Stone” - The Fontane Sisters
“Make Yourself Comfortable” - Sarah Vaughan
“Loose Talk” - Carl Smith
1955 - "The Millionaire" premiered on television. The CBS drama that had all of America hoping to find Michael Anthony on their doorstep. Mr. John Beresford Tipton was a millionaire who made a hobby of giving away million dollar checks anonymously to unknown people to see how they handled the sudden wealth. Michael Anthony, played by Marvin Miller, was Mr. Tipton's personal secretary and the star of "The Millionaire.” No one ever saw Mr. Tipton but his voice would greet Anthony at the opening of each show and issue instructions for delivery of the next check. Anthony would then find the recipient and give him or her the check, explaining that the recipient had to agree never to divulge the amount or how it was acquired.
1955 - The first Presidential news conference filmed for television and newsreels was held in the treaty room of the State Department building, Washington, DC, where President Dwight David Eisenhower held a 33-minute conference. The film was cut to 28 minutes, 25 seconds, plus introduction and closing remarks, to fit television time formats.
1957 – Hoboken, NJ dedicated a plaque honoring the achievements of Alexander Cartwright in organizing early baseball at Elysian Fields in Jersey City. Why Jersey City did not recognize this is unknown.
1957 - Philadelphia comedian, Ernie Kovacs, became a star, when he successfully completed a challenge to do a half-hour television show without saying a single word of dialogue.
1957 - Elvis Presley records: "It Is No Secret,” "Blueberry Hill,” "Have I Told You Lately That I Love You,” "Is It So Strange."
1957 - Pat Boone performs at the inaugural ball for President Dwight D. Eisenhower.
1957 - Johnny Cash makes his first national television appearance on CBS' “Jackie Gleason Show.”
1959 - Dick Clark's "American Bandstand" was rated the number-one daytime television program.
1959 - The Platters' "Smoke Gets in Your Eyes" hits #1.
1963 - Top Hits
“Go Away Little Girl” - Steve Lawrence
“Hotel Happiness” - Brook Benton
“Tell Him” - The Exciters
“The Ballad of Jed Clampett” - Flatt & Scruggs
1966 - Robert Montgomery, actor-producer and White House advisor on Presidential telecasts, testified on this date to the FCC that the reports of quiz-show fixing and payola were widespread within the broadcasting industry long before the charges were made public.
1966 - Ken Kesey is arrested in San Francisco a second time for the possession of marijuana. He subsequently jumps bail and flees to Mexico, trying to mislead law enforcement authorities with a faked suicide note.
1968 - YNTEMA, GORDON DOUGLAS, Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company D, 5th Special Forces Group (Airborne). Place and date: Near Thong Binh, Republic of Vietnam, 16-18 January 1968. Entered service at: Detroit, Mich. Born: 26 June 1945, Bethesda, Md. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life and above and beyond the call of duty. Sgt. Yntema, U.S. Army, distinguished himself while assigned to Detachment A-431, Company D. As part of a larger force of civilian irregulars from Camp Cai Cai, he accompanied 2 platoons to a blocking position east of the village of Thong Binh, where they became heavily engaged in a small-arms fire fight with the Viet Cong. Assuming control of the force when the Vietnamese commander was seriously wounded, he advanced his troops to within 50 meters of the enemy bunkers. After a fierce 30 minute fire fight, the enemy forced Sgt. Yntema to withdraw his men to a trench in order to afford them protection and still perform their assigned blocking mission. Under cover of machinegun fire, approximately 1 company of Viet Cong maneuvered into a position which pinned down the friendly platoons from 3 sides. A dwindling ammunition supply, coupled with a Viet Cong mortar barrage which inflicted heavy losses on the exposed friendly troops, caused many of the irregulars to withdraw. Seriously wounded and ordered to withdraw himself, Sgt. Yntema refused to leave his fallen comrades. Under withering small arms and machinegun fire, he carried the wounded Vietnamese commander and a mortally wounded American Special Forces advisor to a small gully 50 meters away in order to shield them from the enemy fire. Sgt. Yntema then continued to repulse the attacking Viet Cong attempting to overrun his position until, out of ammunition and surrounded, he was offered the opportunity to surrender. Refusing, Sgt. Yntema stood his ground, using his rifle as a club to fight the approximately 15 Viet Cong attempting his capture. His resistance was so fierce that the Viet Cong were forced to shoot in order to overcome him. Sgt. Yntema's personal bravery in the face of insurmountable odds and supreme self-sacrifice were in keeping with the highest traditions of the military service and reflect the utmost credit upon himself, the 1st Special Forces, and the U.S. Army.
1969 - The West is best, topping the East 38-25 in the AFL Pro Bowl and 10-7 in the NFL Pro Bowl.
1969 - Football player Tiaina “Junior” Seau, Jr. birthday, born San Diego, CA. A 12-time Pro Bowler and 10-time All-Pro, Seau was inducted into the Pro Football Hall of Fame in 2015, three years after his suicide. Later studies by the National Institutes of health concluded that Seau suffered from chronic traumatic encephalopathy (CTE), a type of chronic brain damage that has also been found in other deceased former NFL players.
1970 - The soundtrack to the film, "Easy Rider" earned a gold record, making it the first pop-culture, film soundtrack to earn the award.
1971 - Top Hits
“My Sweet Lord/Isn’t It a Pity” - George Harrison
“Knock Three Times” - Dawn
“Lonely Days” - Bee Gees
“Rose Garden” - Lynn Anderson.
1971 - Houston safety Ken Houston returns two interceptions for touchdowns in the Oilers' 49-33 victory over San Diego to set the NFL career record with nine touchdowns on interception returns. He also sets the single-season record with four interception return touchdowns.
1971 - Ruby Keeler had her comeback in the play, "No, No Nanette", opening at the 46th Street Theatre in New York City. Keeler played Sue Smith in the revival of the 1925 musical. The show played for 861 performances.
1972 – The Baseball hall of Fame elected Sandy Koufax, Yogi Berra, and Early Wynn. Koufax made it in his first try and, at 36 years of age, is the youngest honoree in history.
1973 - Yuba City, California labor contractor Juan V. Corona found guilty of murdering 25 itinerant farm workers he employed South Bend, Indiana, Notre Dame ended UCLA’s 88-game winning streak. The Fighting Irish enjoyed a 71-70 basketball win over the Bruins of the University of California at Los Angeles. 1974 - Al Wilson's "Show and Tell" hits #1.
1975 - Minnie Ripperton "Lovin' You" released.
1977 – Ernie Banks was elected to the Baseball Hall of Fame in his first year of eligibility. In a 19-season career, Banks hit 512 HRs, had 11 All-Star selections, and won back-to-back NL MVP Awards.
1977 – President Gerald Ford pardoned Iva Ikuko Toguri D'Aquino…Tokyo Rose. She was born in Los Angeles. She participated in English-language propaganda broadcasts transmitted by Radio Tokyo to Allied soldiers in the South Pacific during World War II. After the Japanese defeat, Toguri was detained for a year by the US military before being released for lack of evidence. Department of Justice officials agreed that her broadcasts were "innocuous". But when Toguri tried to return to the US, a popular uproar ensued, prompting the FBI to renew its investigation of Toguri's wartime activities. She was subsequently charged with eight counts of treason. Her 1949 trial resulted in a conviction on one count, making her the seventh American to be convicted on that charge, for which she spent more than six years out of a ten-year sentence in prison. Journalistic and governmental investigators years later pieced together the history of irregularities with the indictment, trial, and conviction, including the allegation that key witnesses had perjured themselves at the various stages of their testimonies.
1977 – Snow fell in Miami for the only time in the city’s history.
1978 - Johnny Paycheck's cover of David Allan Coe's ode to workplace frustrations, "Take This Job and Shove It", reached during 1970 - 1971.
1974 - At the top spot on the Billboard Country chart. Although the song failed to crack the Pop chart Top 40, it still seems to be one that we all know and can relate to.
1978 – Eddie Mathews was elected the Baseball Hall of Fame. A six-time All-Star, he hit 512 HRs in his career, leading the NL twice in HRs. He hit over 30 HRs ten times and over 40 twice.
1979 - Top Hits
“Too Much Heaven” - Bee Gees
“Le Freak” - Chic
“My Life” - Billy Joel
“Lady Lay Down” - John Conlee
1983 - Apple Chairman Steve Jobs and President John Sculley announced the Apple Lisa, slated for release in the spring of 1983. The Apple Lisa was a major milestone in user-friendly computing. Unfortunately, Lisa's $12,000 price tag placed it out of the consumer market. Lisa's most successful graphical features were handed down to a new Apple computer in 1984, nicknamed "Lisa's Little Brother" — the Macintosh. The Mac, though not immediately successful, eventually changed user expectations about computing, prompting Microsoft to develop its own graphic user interface, Windows.
1985 - Lenny Wilkens became the first person in NBA history to play and coach in 1,000 games as his Seattle SuperSonics defeated the Cleveland Cavaliers, 106-105. Wilkens had played in 1,077 games in a career that ended in 1975.
1987 - A storm tracking toward the northeastern U.S. produced up to 14 inches of snow in northern Indiana. Peru, IN reported a foot of snow. Six cities in Florida reported new record high temperatures for the date. The afternoon high of 88 degrees at Miami equaled their record for the month of January.
1987 - Top Hits
“Shake You Down” - Gregory Abbott
“C’est La Vie” - Robbie Nevil
“Open Your Heart” - Madonna
“What Am I Gonna Do About You” - Reba McEntire
1988 - A powerful storm hit the central U.S. producing blizzard conditions in the Central High Plains, and severe thunderstorms in the Lower Mississippi Valley. Snowfall totals ranged up to 36 inches at Wolf Creek Pass, CO, with 31 inches at Elsmere, NE. Tornadoes claimed five lives in Tennessee, and a tornado at Cullman, AL injured 35 persons.
1989 - The high temperature for the day at Fairbanks, AK, was a frigid 41 degrees below zero, and the morning low of 24 degrees below zero at Anchorage AK was their coldest reading in fourteen years.
1990 - Elizabeth M. Watson, became the first woman to head the police force of a major American city. Houston Mayor Kathryn Whitmire named Watson, who wore maternity "uniforms" and also became the first police chief to birth a baby while on active duty.
1993 - Robert M Gates, ends term as 15th director of CIA.
1993 - A pre-inaugural gala in Landover, Md., toasting incoming president Bill Clinton features a reunion of Fleetwood Mac performing “Don't Stop (Thinking About Tomorrow),” the unofficial campaign song for Clinton and his running mate, Al Gore. Other performers included Aretha Franklin, Barbra Streisand, Michael Jackson, Little Richard and Chuck Berry.
1994 - The Ninth Annual Rock and Roll Hall of Fame induction ceremonies are held in New York City. Inductees include The Animals, The Band, Duane Eddy, The Grateful Dead, Elton John, John Lennon, Bob Marley, and Rod Stewart.
1994 - Coldest day ever recorded in Cleveland, OH: -20ºF (-29ºC) at 5:32 AM.
1994 – Indiana state record low temperature, -36ºF (-38ºC) in New Whiteland.
1996 - Top Hits
“On Bended Knee” - Boyz II Men
“Another Night” - Real McCoy
“Always” - Bon Jovi
“Take a Bow” - Madonna
1996 – The NHL approved the move of the Winnipeg Jets to that world hockey hotbed, Phoenix.
1998 - Hearn Broadcasts 3,000th Straight Game: Francis Dayle “Chick” Hearn, the only play-by-play announcer the Los Angeles Lakers have ever had, broadcast his 3,000th consecutive game when the Lakers hosted the Orlando Magic. Hearn’s streak began after he missed a game on November 20, 1965, because bad weather kept him from making an airplane flight.
1999 - In methodical, sometimes blunt fashion, White House Counsel Charles Ruff opens the defense case in President Bill Clinton's impeachment trial, saying there is no factual or constitutional basis to remove Clinton from office for his alleged misdeeds in the Monica Lewinsky affair.
2000 - Top Hits
“What A Girl Wants” - Christina Aguilera
“I Knew I Loved You” - Savage Garden
“Smooth” - Santana Featuring Rob Thomas
“Back At One” - Brian McKnight
2001 - President Clinton admits wrongdoing, will not be indicted. The Whitewater special prosecutor closes down his investigations in a deal in which Clinton admitted make false testimony under oath about Monica Lewinsky, is barred from law practice for 5 years, and pays a $25,000 fine in return for being freed from the threat of being indicted.
2006 - Major League Baseball owners unanimously approve the November transaction in which Bob Castellini and two other Cincinnati businessmen bought control of the Reds from previous owner Carl Lindner. It is reported the trio, which includes investors Thomas Williams and William Williams Jr., acquired approximately 70 percent ownership of the oldest franchise in baseball history, believed to be valued at an estimated $270 million.
2010 - United States Navy troops landed near the Haitian presidential palace, bringing food, water, and equipment to aid victims of the earthquake.
2012 – Kodak filed for bankruptcy protection.
2012 – Ryan Braun, Milwaukee Brewers LF, facing a 50-game suspension for showing abnormally high levels of testosterone in a PED test last season, pleads his case before a three-member MLB panel. He strongly denied knowingly taking a banned substance (the Barry Bonds defense). Ironically, Braun is in the "Big Apple" to receive his MVP Award at the annual dinner, where he made his first statement since news of his positive test became public. Later, he was implicated in the Biogensis scandal that also snared Alex Rodriguez, costing Braun the entire 2013 season due to suspension.
2013 - Calcium deposits found on Mars by NASA's Curiosity rover are similar to deposits formed on Earth when water circulates in cracks and rock fractures.
2015 - American skier Lindsey Vonn won her 63rd World Cup, setting a new record after 35 years. The previous record of 62 wins was held by Austrian skier Annemarie Moser-Proell.
National Baseball Hall of Fame Electees:
1937 – Cy Young, Tris Speaker, Nap Lajoie
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