Financial Technology Has Not Replaced…

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56% of Small Businesses Plan on Using
Online Lending Options in 2021

By Caity Roach, Editor, Coleman Reports

According to the annual JPMorgan Chase Business Leaders Outlook Survey, 47% of small businesses believe economic uncertainty created by the COVID-19 pandemic will remain their top challenge in 2021. However, small businesses are showing resilience by remaining nimble and accelerating digital adoption in order to prepare. One way small businesses have already begun adapting is by increasing usage of online lending options.

The JPMorgan Chase survey found that nearly half (44%) of small businesses have explored online lending in the past year with 25% procuring an online loan. In 2021, 56% say they plan on applying for a business loan online if they find themselves in need of capital.

Here are some other ways small businesses are preparing for future economic uncertainty:

• Nearly one-third (31%) of small businesses have increased cash reserves as a cushion for potential future disruption.

• More than half (56%) of small and midsize businesses have increased their usage of online banking and treasury tools.

• 23% of small businesses have moved towards contactless payment options and another 20% expect to do so in 2021.

• 1 in 10 small businesses have changed their business model to have 100% of their sales come from e-commerce and 12% plan on moving to an e-commerce model by the end of the year.

• Two-thirds (66%) of small businesses report taking action in preparation for potential fraudulent cyberattacks.

• 47% of small business owners say that they plan on placing a greater value on their community, relationships with employees, and digital solutions for their businesses. 

“Businesses have weathered many storms over the past year, displaying impressive levels of creativity and adaptability as they shifted to new operating models, distribution channels and technologies,” says Jim Glassman, head economist for JPMorgan Chase. “The challenges aren’t over, but their tenacity has helped sustain economic momentum and offers optimism for recovery in 2021.”

Coleman Reports
 28081 Marguerite Pkwy.
#4525, Mission Viejo, CA 92690
bob@colemanreport.com

 

 

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Leasing Industry Help Wanted

 

 

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Don't Wait... Act

Sales Makes it Happen by Scott Wheeler, CLFP

Many originators in the commercial equipment leasing and finance industry perceive the calendar as an upward slope. Business volume increases throughout the year and then, the fourth quarter push comes along and propels their volumes toward, or ahead of, their annual budgeted numbers.

Top originators don't wait. They start acting now. Every day is an opportunity to create new relationships and fund more transactions. It is always better to start the year strong, to be ahead of budget by the end of the first quarter and to crush your annual budgeted production numbers well before entering the fourth quarter. There is always enough business to support the most aggressive originators. While average originators may enter the year at a casual pace, top produces forge ahead and grab their fair share while their competitors are getting off to a slow start.

2021 top producers:

• Are already executing on their 2021 plans
• Have identified new relationships that they will develop in 2021
• Are prospecting, quoting, and funding transactions in January
• Are executing on initiatives that will improve their penetration into existing relationships.

Top producers are creating new opportunities every day. Top producers don't wait - they capture success now. What are you waiting for? We are already into week two of 2021.

Order via Amazon: https://www.createspace.com/5355516  

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com 

Sales Makes it Happen articles: http://www.leasingnews.org/Legacy/index.htm

 

 

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One year ago, on January 13, 2020, Thailand became the first country to officially confirm cases of the novel coronavirus outside of China. And while most experts now agree that the virus must have spread outside of China before that date, it still marks a key milestone on the way to what many will remember as one of the most disruptive events of their lifetimes.

While the arrival of several vaccines and the beginning of mass inoculation campaigns across the world are a welcome light at the end of the tunnel, the virus remains an imminent threat for the time being. According to the World Health Organization, the seven-day average of daily new cases hit a record high of 715,557 on Monday after new cases had surpassed 800,000 in two of the past four days.

As of January 12, 2021, the WHO reports more than 89 million cases of COVID-19 globally, including 1.94 million deaths. With more than 22 million cases and 376,000 deaths, the U.S. has been the worst affected country by far, followed by India and Brazil with 10.5 and 8.1 million confirmed cases, respectively.

By Felix Richter, Statista

5G Networks Still Ramping Up
Gigabyte: 1,024 Megabytes; Here are Today’s Speeds

As the number of 5G networks tick up, there will be an undeniable boost to mobile and broadband speeds (Mbps) across regions by 2023. In particular, Asia Pacific will have the fastest broadband speeds at 157 Mbps while Western Europe will lead with 62 Mbps on mobile.

Source: Visualcapital.com

Current Wireless Carrier Speeds Megabytes

Source: Tom's Guide

Full Review Wireless Carriers:
https://www.tomsguide.com/us/best-mobile-network,review-2942.html

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

Quality Leasing Co. Breaks
Company Funding Records in 2020

Posting 14% Growth in Funding Volume YoY, Quality Leasing Continues
to Break 64-Years of Company Records

CARMEL, Ind. – Quality Leasing Co., Inc. (QL), the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, posted record-breaking business volume for 2020. Despite the trials of the global Coronavirus pandemic, the Quality team, again, achieved increases in new business volume, repeat customer funding, number of assets funded, average transaction size, and total contracts booked. Each of these KPI upsurges marks Quality’s overall highest annual funding volume in the company’s 64-year history.

G. Paul Fogle, CLFP, Quality Leasing’s Managing Director, observed, “The challenges of 2020—from adding and adapting staff, to managing changing market conditions, to the introduction of new technology and processes—bonded the team in new ways. While most of us were physically distant, we were able to work together to accomplish more than ever before.”

In addition to the company’s remarkable growth, other 2020 accomplishments include: Quality team members featured as industry experts on more than 15 virtual panels, Quality thought-leaders published in more than 10 media outlets, Managing Director G. Paul Fogle elected to the NEFA Board, and the firm selected for the top 5 Monitor 101+ companies list.

Building on the successes of the past year, Quality continues to evolve into 2021. 2020 new-hire and COO,

C.J. Zaruba, Senior Management Team, notes, “You can expect big changes from Quality starting in January with EFAs on titled vehicles, e-docs for all deals, new short-form contracts, wireless GPS, and website inventory listings. This kind of momentum cannot be stopped!”

With Quality Leasing’s ability to serve customers across multiple economic sectors, the company’s leadership maintains a highly positive outlook for the year ahead.

About Quality Leasing Co.
Quality Leasing co., Inc. is a Midwest-based, family-owned independent finance company offering flexible terms, convenient structures, and personalized service. Quality focuses on funding B-C credit transactions from $30,000 up to $3,000,000. Specializing in titled vehicles, manufacturing, and heavy equipment, Quality also funds a wide array of commercial assets through their nationwide lease financing programs at a fair, affordable monthly payment. For more information, please visit www.qualityleasingco.com.

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Oakmont Capital Holdings Expands
Lending Capabilities with Quaint Oak Bank Partnership

WEST CHESTER, PA – Oakmont Capital Holdings is excited to announce a partnership with Quaint Oak Bank. As a direct, independent lender, Oakmont Capital Holdings is poised to expand its lending lines to become a stronger national force in the equipment finance industry.

Joe Leonard, CLFP and Managing Member at Oakmont Capital, said, “Oakmont Capital Services and Quaint Oak Bank have worked together over an extended timeframe, and we’re pleased to take our relationship to the next level.

“With Oakmont’s expertise in the equipment finance industry and Quaint Oak’s investment, we can now offer our customers a more robust line of financing options and an equally streamlined process.”

Oakmont Capital has been providing commercial equipment financing and working capital throughout all 50 states since 1998 and has two locations, one in West Chester, Pennsylvania, and an office in Albany, Minnesota. Quaint Oak Bank, headquartered in Southampton, Pennsylvania, has been serving its community for 95 years and has a family of companies, including mortgage, real estate, Title Abstract, and insurance.

Robert T. Strong, President and CEO at Quaint Oak Bank, commented, “The partnership with Oakmont Capital is an exciting step,” said. “Our goal was to add an equipment finance company to our Family of Companies, and after working with Oakmont, we’ve been impressed with their team and determined that a more formal relationship would benefit our business model and our customers.”

Oakmont Capital will remain a direct, independent lender, working with customers in tree care, landscaping, construction, and other industries to finance equipment needed to fuel business growth. Leveraging additional funds provided by Quaint Oak Bank, Oakmont looks forward to offering customers additional business lines along with more flexible financing options via a virtual process.

“This partnership is a win-win-win for everyone involved, from our businesses to our employees and, of course, our customers. We are excited about this opportunity and the growth of both Oakmont and Quaint Oak,” said Leonard.

About Oakmont Capital Holdings
Oakmont Capital Holdings, headquartered in West Chester, PA, with an office in Albany, MN, is a fast, affordable, reputable solution to equipment financing. Oakmont Capital Services, the predecessor company to Oakmont Capital Holdings, was founded in 1998 by Managing Members Joseph P. Leonard, CLFP and Megan J. Zoba. Oakmont Capital is a direct, independent lender, providing commercial equipment financing and working capital throughout all 50 states. The professional financing staff at Oakmont has combined experience of over 350 years in the industry and is the reliable choice for today’s financing needs. For more information, visit www.oakmontfinance.com.

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Balboa Capital Becomes Member
of the American Association of Commercial Finance Brokers

Leading direct lender supports brokers and lenders
in the working capital and equipment financing sectors.

COSTA MESA, CA – Balboa Capital, a leading direct lender that specializes in small business loans and equipment financing, today announced that it has become a member of the American Association of Commercial Finance Brokers (AACFB), which is the premier trade association in the United States for independent commercial finance professionals and their funding source partners. Balboa Capital established its broker program in mid-2020; the company supports brokers and lenders in the working capital loan and equipment financing sectors.

Phil Silva, President of Balboa Capital, said, “We are very excited to be aligned with the AACFB and look forward to working with their network of members.

“The AACFB’s core values and solid reputation in the broker industry align with our guiding principles of providing technology-driven financing products and top-notch service. With our rapid turn times, competitive interest rates and flexible term options, we can help AACFB members close more deals and get paid faster.

“Plus, they will experience the financial benefits that come from our broker program’s aggressive rates and commission payouts on the day of funding.”

About the American Association of Commercial Finance Brokers (AACFB)
The American Association of Commercial Finance Brokers (AACFB) is the premier trade association empowering independent commercial finance brokers. The AACFB represents the expanding interests of its growing membership by providing best practice education and networking opportunities, while promoting a culture of ethics. For more information, visit https://www.aacfb.org.

About Balboa Capital Balboa Capital is a technology-driven financing company that provides business owners with fast, hassle-free solutions to fuel their growth and success. The company specializes in small business loans, equipment financing, commercial financing, equipment vendor financing, and franchise financing. Balboa Capital developed an intuitive online platform that simplifies the entire financing process. Calculators provide instant estimates, applications can be completed and submitted in a matter of minutes, and sophisticated credit scoring technology provides s instant decisions. To learn more, visit https://www.balboacapital.com.

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Labrador Mix
Des Moines, Iowa  Adopt a Dog

Athena
Female
Five Years Old
38 Lbs.

Athena arrived at ali in 2017 with a young puppy, after they were both found under an abandoned home in oklahoma. It was obvious that athena was a street dog and never knew the love or touch of a human. She was a great mom and her puppy was adopted quickly. Athena is still learning how to be a dog and interact with humans. She has made small but noticeable improvements while she has been here and potty trained herself! While still a little afraid of new people and quick movements, she is walking on a leash and if done slowly, she will allow some human touch. She loves her peanut butter and chew toys! Athena will most likely always be a shy girl and will need someone who is willing to accommodate her special emotional needs. With the right person, who will give her lots of time and lots of love, she can be a great companion. She would prefer a home without other animals or children.

Animal Lifeline of Iowa
4521 SE 14th St,
Des Moines, IA 50320
(515) 285-7387
https://www.animal-lifeline.com/

Shelter Hours:
Sunday - CLOSED
Monday - CLOSED
Tuesday - 12:00 PM - 5:00 PM
Wednesday - 12:00 PM - 5:00 PM
Thursday - 12:00 PM - 6:00 PM
Friday - 12:00 PM - 5:00 PM
Saturday - 12:00 PM - 4:00 PM
Closed on all major holidays

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Equipment Leasing Books
Reviews, Where to Purchase, Updated

http://leasingnews.org/Pages/leasing_books.html

News Briefs---

Walmart Launching a Fintech Start-up "to offer
    affordable financial services for customers and employees”
https://www.barrons.com/articles/cigna-jefferies-stock-dividends-51610143396

US to require COVID-19 test for arriving travelers;
     as pandemic worsens, states resist restrictions
https://richmond.com/news/national/us-to-require-covid-19-test-for-arriving-travelers-as-pandemic-worsens-states-resist-restrictions/article_664b2ad2-ae37-5e31-ba42-6e9b706e94b0.html

All the Jobs Lost Last Month
    Reportedly Belonged to Women
https://www.thecut.com/2021/01/all-jobs-lost-in-december-2020-were-held-by-women-report.html

Health officials across US cite lack
    of federal leadership for slow vaccine rollout
https://www.stltoday.com/lifestyles/fashion-and-style/health-officials-across-us-cite-lack-of-federal-leadership-for-slow-vaccine-rollout/article_28ecb86a-6500-553c-8627-bfc66591f9f7.html

The New York Bar Says It Is Investigating Rudy Giuliani
   "role in frivolous election lawsuits and encouraging insurrection"
https://www.motherjones.com/2020-elections/2021/01/the-new-yor

Boeing production plummeted in 2020
    Delivered 17 Jets last year, down from 806 in 2018
https://www.cnbc.com/2021/01/12/boeings-2020-aircraft-cancellations-worst-on-record-despite-december-max-orders.html

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You May Have Missed---

Packers QB Aaron Rodgers says
    he'll be 'Jeopardy!' guest host
https://www.stltoday.com/entertainment/television/packers-qb-aaron-rodgers-says-hell-be-jeopardy-guest-host/article_e785a24d-096c-53db-8d75-352839c8f933.html

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Sports Briefs---

Steph Curry will shatter the NBA record
    for 3-pointers. Can anyone top him?
https://www.sfchronicle.com/warriors/article/Steph-Curry-will-shatter-the-NBA-record-for-15862874.php

Raiders hire Gus Bradley as new defensive coordinator
https://www.pressdemocrat.com/article/sports/raiders-hire-gus-bradley-as-new-defensive-coordinator/

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California Nuts Briefs---

We asked all 9 San Francisco Bay Area counties
    for their vaccine plans. Here's what they shared.
https://www.sfgate.com/news/editorspicks/article/vaccination-plan-San-Francisco-Bay-Area-counties-15851854.php

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“Gimme that Wine”

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

The Differences Between High-
    and Low-Elevation Wine
https://www.winemag.com/2021/01/05/high-low-elevation-wine-difference/

Rich Bouwer of Sonoma’s Free Flow Wines talks surge
    in canned wine during the pandemic, rebound for restaurants
https://www.northbaybusinessjournal.com/article/industrynews/inside-the-c-suite-rich-bouwer-of-sonomas-free-flow-wines-talks-surge-in/

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

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

This Day in History

    1630 – A patent was awarded to the Plymouth Colony in what is now Massachusetts to make a settlement.  Founded by the Pilgrims upon their landing there in 1620, it is one of the early successful colonies founded by the British in North America.  By 1630, the population has grown to approximately 300.
https://pilgrimhall.org/pdf/The_Plymouth_Colony_Patent.pdf
    1733 - James Oglethorpe and 130 English colonists arrive at Charleston, SC
http://georgiahistory.i-found-it.net/georgiahistory1.html
http://www.virtualmuseumofhistory.com/internationalhall/worldleaders/
JAMESOGLETHORPE.COM/
http://ourgeorgiahistory.com/people/oglethorpe.html 
http://www.cviog.uga.edu/Projects/jeo300/savanna1.htm
    1794 - Congress authorizes an “act making an alteration in the flag of the United States... that from and after the first day of May, 1795, the Flag of the United States be fifteen stripes, alternated red and white; and that the union be fifteen stars, white, in a blue field. The change was made so that Vermont and Kentucky would be represented on the flag. A law passed on April 4, 1818, reduced the number of stripes to 13 to represent the original 13 states, as in the first American flag, and provided one star for each state. A new star was to be added on the Fourth of July following the admission of each new state.
    1807 - Birthday of Union General Napoleon Bonaparte Buford (d. 1883), in Woodford, Kentucky. Buford held many commands in the west and was a hero at the Battle of Belmont early in the war. Buford attended West Point and graduated in 1827, sixth out of 38 in his class. After a stint with the frontier military, he was given leave to study law at Harvard. He taught at West Point before leaving the service to become a businessman. He was an engineer and banker in Illinois during the 1840s and 1850s. When the war began, the 54-year-old Buford raised his own regiment, the 27th Illinois. He was commissioned as a colonel, and his unit was sent to Cairo, Illinois, and placed in General Ulysses S. Grant's army. On November 7, 1861, Grant attacked a Confederate camp at Belmont, Missouri, and quickly drove the Rebels away. But Grant's men became preoccupied with plundering the area, and a Confederate counterattack nearly turned to disaster for the Yankees. Buford's regiment was nearly cut off from the main Union force. He rallied his men and they fought their way out of the Confederate trap. Buford was commended for his bravery After Belmont, Buford participated in the capture of Island No. 10, a Confederate stronghold in the Mississippi River, and Buford was left in command after its capture. Buford and his regiment fought at Corinth in October 1862, but the colonel fell seriously ill from sunstroke.  He left field command and sat on the court martial of General Fitz John Porter in Washington. Buford returned to the west and was promoted to Brigadier General in charge of the District of Eastern Arkansas. He remained there for the remainder of the war, although his main military action came in chasing off Confederate raiders in the area. Buford generated controversy in his dealings with black troops. He had drawn earlier criticism for not helping refugee slaves, and now he proclaimed his preference for commanding white troops. He justified it by saying that black troops were not as well trained and they were more likely to fall prey to drawn attention from southern bushwhackers. It was also true that Confederate soldiers went out of their way to attack units with Black soldiers, killing all wounded men on the field and shooting prisoners. Buford silenced some of the criticism by implementing programs for freed slaves in Arkansas that generally succeeded in taking care of their immediate needs. Poor health forced his resignation in March 1865, just before the end of the war. He was brevetted to major general following his retirement. He worked in a variety of businesses after the war and died in Chicago in 1883. Napoleon Bonaparte Buford was the older half-brother of John Buford, a Union General who commanded the Union force that first engaged the Confederates.
    1808 - Birthday of Salmon Portland Chase (d. 1873) at Cornish, NH. American statesman, US senator, Secretary of the Treasury and Chief Justice of the Supreme Court. Salmon P. Chase spent much of his life fighting slavery (he was popularly known as “attorney general for runaway Negroes”). He was one of the founders of the Republican Party and his hopes for becoming a candidate for President in 1856 and 1860 were dashed because his unconcealed antislavery views made him unacceptable.
    1813 - Captain Oliver Hazard Perry arrives in Presque Isle (Michigan) where he will supervise the construction of a flotilla. Two brigs, a schooner, and three gunboats will be constructed from materials transported overland and by inland waterway from Philadelphia, by way of Pittsburgh, in preparation for the naval battle for Lake Erie, where he carried the flag "Don't Give Up the Ship."
    1832 - President Andrew Jackson wrote Vice President Martin Van Buren expressing his opposition to South Carolina's defiance of federal authority. South Carolinians agreed and planned to use armed force to prevent duty collection in the state after February 1, 1833. The Nullification Crisis of 1832-1833 was resolved without bloodshed in March, 1833. Henry Clay and John C. Calhoun, who left the vice presidency at the end of 1832 to serve South Carolina in the Senate, drafted a reduced tariff agreement that pacified South Carolina while allowing the Federal government to stand firm.
(Lower half of: http://memory.loc.gov/ammem/today/jan13.html)
    1834 - Birthday of Horatio Alger (d. 1899) at Revere, MA.  American clergyman and author of more than 100 popular books for boys (some 20 million copies sold). Honesty, frugality and hard work assured that the heroes of his books would find success, wealth and fame.
    1846 - President James Polk dispatched General Zachary Taylor and 4,000 troops to the Texas Border as war with Mexico loomed. Mexico had severed relations with the United States in March, 1845, shortly after the U.S. annexation of Texas 
    1847 – “Capitulation of Cahuenga" ended all organized resistance to American rule in California as Los Angeles surrendered officially this date. All “rebels” were pardoned by Gen. Kearny.  On January 14, California was controlled by the United States military.  The Treaty of Cahuenga ended the Mexican-American War.
http://www.aztecclub.com/campo/CapCahuenga.htm
http://www.militarymuseum.org/Cahuenga.html
http://www.campodecahuenga.com/
    1850 - Birthday of Charlotte R. Ray (d. 1911) in NYC.  She is the first female black lawyer in the United States and certified as the first woman admitted to practice in Washington, D.C.  Many say this is because she signed the application C.R. Ray without using her first name. By 1878, in the face of overwhelming sexual and racial prejudice when not even black men would consult her, she returned to teaching in Brooklyn, NY. http://www.womenshistory.about.com/library/bio/blbio_ray_charlotte.htm
http://www.law.howard.edu/alumni/legalgiants/huslgiantoct2k.htm
http://www.stanford.edu/group/WLHP/papers/CharlotteRay.pdf
    1864 - Composer Stephen Foster was found critically ill in his hotel room three days earlier and, on this date, died in Bellevue Hospital, New York, at age 37. He only had 35 cents in his pocket, along with a little slip of paper on which he had written, "Dear friends and gentle hearts." While never a great composer, Foster wrote many of the popular songs of the era which remained a part of Americana for more than a century, including “Jeannie with the Light Brown Hair,” “Oh! Susanna,” “My Old Kentucky Home,” and “Old Folks at Home,” also known as “Swanee River.”  Many of his songs - including "Oh! Susanna," "Camptown Races" and "Old Black Joe" - are written in black dialect. Foster gained much of his knowledge of blacks through his early experience in traveling minstrel shows. He became a heavy drinker, suffered from tuberculosis, and lapsed into obscurity. His last song, “Beautiful Dreamer,” which he penned just a few days before his death, joined his earlier classics.
    1869 - First Convention of the Colored National Labor Union, the first Black labor convention.
http://www.uwm.edu/Course/448-440/national.htm
http://www.africana.com/Articles/tt_631.htm 
http://www.afscme.org/about/aframlink.htm
    1873 - P.B.S. Pinchback ends service as first black governor of Louisiana.
http://www.africana.com/Articles/tt_1153.htm
http://www.sec.state.la.us/46.htm
http://www.huarchivesnet.howard.edu/9911huarnet/pbs1.htm
http://www.gnocdc.org/orleans/11/73/snapshot.html
http://66.216.8.84/CreoleCulture/famouscreoles/Pinchback/pinchback.htm
    1884 - Grand entertainer Sophie Tucker (d. 1966) was born Sonya Kalish in Tulchyn, Ukraine. She was known as "The Last of the Red Hot Mamas" and her career in stage, film, cabaret, radio, TV and recording lasted more than 60 years, beginning with an appearance at her father's cafe in Hartford, Connecticut in 1905. Tucker's most famous songs were "Some of These Days," recorded in 1926, and "My Yiddish Momma," cut two years later.
http://memory.loc.gov/ammem/today/jan13.html
    1885 - Birthday of Alfred Carl Fuller (d. 1973), at Kings County, Nova Scotia.  Founder of the Fuller Brush Company. In 1906, the young brush salesman went into business on his own, making brushes at a bench between the furnace and the coal bin in his sister's basement.
    1886 - A great blizzard struck the state of Kansas without warning. The storm claimed 50 to 100 lives, and eighty percent of the cattle in the state.
    1888 - The mercury plunged to -65 degrees at Fort Keough, located near Miles City, MT. The reading stood as a record for the continental U.S. for sixty-six years
    1888 – The National Geographic Society was formed in Washington, DC.  One of the largest non-profit scientific and educational organizations in the world, its interests include geography, archaeology, and natural science,
the promotion of environmental and historical conservation, and the study of world culture and history. 
    1892 - An Atlantic coast storm produced a record 18.6 inches of snow at Norfolk, VA, including 17.7 inches in 24 hours. The storm also produced 9.5 inches of snow at Raleigh, NC, and brought snow to northern Florida for the first time in 35 years.
    1893 – US Marines landed in Honolulu from the USS Boston to prevent the queen from abrogating the Bayonet Constitution.  This was also known as the 1887 Constitution of the Kingdom of Hawaii, a legal document by anti-monarchists to strip the Hawaiian monarchy of much of its authority, initiating a transfer of power to American, European and native Hawaiian elites.
    1909 - Birthday of trombonist Quentin “Butter” Jackson (d. 1976), Springfield, OH. With Duke Ellington from 1948 to 1959.
    1910 - Radio pioneer and electron tube inventor Lee de Forest arranged the world's first radio broadcast to the public at New York, NY. He succeeded in broadcasting the voice of Enrico Caruso along with other stars of the Metropolitan Opera to several receiving locations in the city where listeners with earphones marveled at wireless music from the air. Though only a few were equipped to listen, it was the first broadcast to reach the public and the beginning of a new era in which wireless radio communication became almost universal.
    1912 - Delta Sigma Theta, sorority, founded on the campus of Howard University.
http://www.deltasigmatheta.org/history/index.htm
    1912 - The temperature at Oakland, MD, plunged to 40 degrees below zero to establish a state record.
    1919 – Actor Robert Stack (d. 2003) was born in LA.  In addition to acting in more than 40 feature films, he starred as Treasury agent Eliot Ness in the ABC-TV television series “The Untouchables” (1959–63), for which he won the 1960 Emmy for Best Actor in a Dramatic Series.  He later hosted “Unsolved Mysteries” (1987–2002).
    1922 - Former White Sox star Buck Weaver applied for reinstatement to baseball. Weaver, one of the eight "Black Sox" players banned for their involvement in throwing the 1919 World Series, was rejected by Commissioner Landis.  Weaver successfully sued White Sox owner Charles Comiskey for his 1921 salary.  Weaver applied six times for reinstatement to baseball before his death from a heart attack on January 31, 1956, at age 65. One notable attempt to get reinstated came in 1927 in the wake of Tris Speaker/Ty Cobb betting scandal. After this attempt failed, Weaver returned to Chicago and decided to play in the minor leagues again. Later in life, Weaver contacted a New York City attorney who vowed to get him reinstated. Weaver sent his legal papers and correspondence to New York; however, they were never returned. To this day, baseball historians have been unable to find Weaver's legal files.
    1926 - Birthday of arranger/trombonist Melba Liston (d. 1999), Kansas City, MO.
http://hardbop.tripod.com/liston.html
http://elvispelvis.com/melbaliston.htm
http://www.jazzreview.com/articledetails.cfm?ID=438
    1926 - Birthday of Gwen Verdon (d.  2000), Culver City, Los Angeles, CA. One of Broadway's premier female dancers and actresses, many of her most successful roles were choreographed by her husband Bob Fosse. She won Tony Awards for “Can-Can”, “Damn Yankees”, “New Girl in Town” and “Redhead”. She also acted in movies, including “Cocoon” and the film adaptation of “Damn Yankees”. She starred in the original Broadway production, which my mother and father took me to see and I will never forget her performance, especially being a Brooklyn Dodger fan.
http://us.imdb.com/name/nm0893862/
http://www.povonline.com/cols/COL317.htm
        1929 - Birthday of guitarist Joe Pass (d. 1994) born Joseph Anthony Jacobi Passalacqua, New Brunswick, NJ.
http://www.riffinteractive.com/expguitar/JoePass1.htm
http://www.classicjazzguitar.com/albums/artists_albums.jsp?artist=55
http://www.gould68.freeserve.co.uk/JoePass.html
    1930 - The comic strip "Mickey Mouse" debuted in American newspapers, with Floyd Gottfredson as its ghost writer.  The strip ran until July 29, 1995.  The early installments were written by Walt Disney with art by Ub Iwerks and Win Smith. Beginning with the May 5, 1930 strip, the art chores were taken up by Gottfredson (often aided by various inkers), who also either wrote or supervised the story continuities (relying on various writers to flesh out his plots). Gottfredson continued with the strip until 1975.
    1931 - The bridge connecting New York and New Jersey is named the George Washington Memorial Bridge.  It was known as the Fort Lee Bridge or Hudson River Bridge during construction. The idea of a bridge across the Hudson River was first proposed in 1906, but it was not until 1925 that the state legislatures of New York and New Jersey voted to allow for the planning and construction of such a bridge. Construction started in October 1927; the bridge was ceremonially dedicated on October 24, 1931 and opened to traffic the next day.  The George Washington Bridge is the world's busiest motor vehicle bridge, carrying over 103 million vehicles in 2016.   
    1933 - Making her first professional basketball appearance, Babe (Mildred) Didrikson scored nine points as the Brooklyn Yankees defeated the Long Island Ducklings.
    1936 - Baptist clergyman B.B. McKinney, 50, wrote the words and tune to the gospel song, "Wherever He Leads, I'll Go," a few days before the opening of a Sunday School convention in Alabama.
    1937 - The United States bars Americans from serving in the Civil War in Spain.
    1938 - For Victor Records, singer Allan Jones recorded "The Donkey Serenade", which became the song most often associated with him. Allan also sang and acted in several Marx Brothers films including: "A Night at the Opera," "A Day at the Races." The film that made him a star was the operetta, "Firefly," with Jeanette MacDonald. Singer Jack Jones is the son of Allan and his actress wife, Irene Hervey ("The Count of Monte Cristo," "Play Misty for Me").
    1941 - The four Modernaires came to sang with the Glenn Miller Band on a full-time basis. In 1946, they had a ‘solo' hit with "To Each His Own."
    1941 - Charlie Spivak records with own band first time. Okey label.
    1942 - Henry Ford patented the plastic automobile, which decreased the weight of a car by 30%.
    1942 - German U-Boats begin operations of the US East Coast. The move is called operation Paukenschlag (Drum Roll). Admiral Doenitz has faced arguments from his superiors in the German Navy who do not favor the operation, and he has had the difficulty that only the larger 740-ton U-Boats are really suitable for such long-range patrols. When Doenitz gives the order for the attack to begin there are 11 U-Boats in position and 10 more en route. Together they sink more than 150,000 tons during the first month. Intelligence sources have given reasonable warning of the attack but the U-Boats find virtually peace-time conditions in operation. Ship sail with lights on at night; lighthouses and buoys are still lit; there is no radio discipline - merchant ships often give their positions in plain text; there are destroyer patrols (not convoys with escorts) but these are regular and predictable and their crews are naturally inexperienced.
    1943 – Richard Moll, who played bailiff Bull Shannon on “Night Court”, was born in Pasadena, CA.
    1949 - Top Hits 
“Buttons and Bows” - Dinah Shore 
“On a Slow Boat to China” - The Kay Kyser Orchestra (vocal: Harry Babbitt & Gloria Wood) 
“A Little Bird Told Me” - Evelyn Knight 
“I Love You So Much It Hurts” - Jimmy Wakely 
    1953 - Don Barksdale becomes the first Black person to play in an NBA All-Star Game.
http://sports.insidebayarea.com/top50.asp?story=Don_Barksdale
http://thisweek.kqed.org/segments/390/
    1955 - Chase National Bank (founded in 1877) and the Bank of Manhattan Company (founded in 1799 as a water company) agreed to merge, becoming the second largest bank in the U.S.  The bank is now known as JP Morgan Chase.
    1957 - The Wham-O Company developed the first plastic Frisbee. The most popular theory as to how this flying disc came to be dates back to the 1920s when Yale students invented a game of catch by tossing around metal pie tins from the Frisbee Baking Company in nearby Bridgeport, Connecticut. They would frequently shout “Frisbieeeee” to warn passersby of the oncoming pie plate. Building inspector Fred Morrison puttered with and refined a plastic flying disc that he sold to WHAM-O (for $1 million) on this day in 1955. The disc was introduced to the consumer market in 1957 as the Pluto Platter (the name inspired by the U.S. obsession with UFOs). Wham-O changed the name to Frisbee in 1958, upon hearing the Yale pie-tin story. (Mattel now owns the rights to Frisbee, which has become an American icon.)
    1957 - For Victor Records in Hollywood, California, Elvis Presley recorded "All Shook Up" and "That's When Your Heartaches Begin" which became Elvis' ninth consecutive gold record.
    1957 - Top Hits 
Singing the Blues - Guy Mitchell 
The Banana Boat Song - The Tarriers 
Moonlight Gambler - Frankie Laine 
Singing the Blues - Marty Robbins
    1958 - Little Richard releases "Good Golly Miss Molly."
    1961 - In the first round of the Los Angeles Open golf tournament, golfing great Arnie Palmer scored an embarrassing 12 strokes on one hole.
    1961 – Julia Louis-Dreyfuss was born in NYC.  She is best remembered as Elaine in the smash series “Seinfeld” (1989–1998).  Subsequently she has appeared in “The New Adventures of Old Christine” (2006–10), and “Veep” (2012–2019).
    1962 - Singer Chubby Checker set a record, literally, with the hit, "The Twist." The song reached the #1 position for an unprecedented second time in two years. "The Twist" was also number one on September 26, 1960. The song, widely considered one of the most successful singles of all time, was on the Top 100 charts for 39 weeks, longer than any other single except "Red Red Wine" by UB40. When an early recording of "The Twist" by Hank Ballard and the Midnighters became the top dance song on Dick Clark's “American Bandstand” but failed to get much radio play, Clark suggested that a new artist should record a cover. Singer Ernest Evans of Cameo Records recorded the song and changed his name to Chubby Checker as a takeoff on Fats Domino. The song hit the charts in 1960 when it became immensely popular with teenagers, but adults started buying the record in 1962, after Chubby Checker sang "The Twist" on Ed Sullivan's October 22 show.
    1962 - First Operation Farm Gate missions flown.
In the first Farm Gate combat missions, T-28 fighter-bombers are flown in support of a South Vietnamese outpost under Viet Cong attack.
By the end of the month, U.S. Air Force pilots had flown 229 Farm Gate sorties. Operation Farm Gate was initially designed to provide advisory support to assist the South Vietnamese Air Force in increasing its capability. The 4400th Combat Crew Training Squadron arrived at Bien Hoa Airfield in November, 1961 and began training South Vietnamese Air Force personnel with older, propeller-driven aircraft. In December, President John F. Kennedy expanded Farm Gate to include limited combat missions by the U.S. Air Force pilots in support of South Vietnamese ground forces. By late 1962, communist activity and combat intensity had increased so much that President Kennedy ordered a further expansion of Farm Gate. In early 1963, additional aircraft arrived and new detachments were established at Pleiku and Soc Trang. In early 1964, Farm Gate was upgraded again with the arrival of more modern aircraft. In October, 1965, another squadron of A-1E aircraft was established at Bien Hoa. Secretary of Defense Robert McNamara approved the replacement of South Vietnamese markings on Farm Gate aircraft with regular U.S. Air Force markings. By this point in the war, the Farm Gate squadrons were flying 80 percent of all missions in support of the Army of the Republic of Vietnam (ARVN). With the buildup of U.S. combat forces in South Vietnam and the increase in U.S. Air Force presence there, the role of the Farm Gate program gradually decreased in significance. The Farm Gate squadrons were moved to Thailand in 1967, and from there they launched missions against the North Vietnamese in Laos.
    1962 - Center Wilt Chamberlain of the Philadelphia Warriors set an NBA regular season record by scoring 73 points in a game against Chicago. Chamberlain had scored 78 points in the previous December, but that game had gone into three overtime periods.
    1964 - Capitol released in the United States The Beatles' single “I Want to Hold Your Hand/I Saw Her Standing There.”
    1965 - Top Hits 
“I Feel Fine” - The Beatles 
“She's a Woman” - The Beatles 
“Love Potion Number Nine” - The Searchers 
“Once a Day” - Connie Smith 
    1965 - After the NBA All-Star game in which San Francisco Warriors center Wilt Chamberlain scored 20 points and grabbed 16 rebounds, the Warriors shocked the basketball world by announcing that they were trading Chamberlain to the Philadelphia 76ers for three minor leaguers and $150,000.
    1965 - Bob Dylan releases "The Times They Are A-Changin'." 
    1966 - On "Bewitched," Elizabeth Montgomery's character, Samantha, gave birth to her first child, Tabitha. The witch's daughter could wiggle her nose with her finger and cause problems for daddy, Darin, just like mom.
    1967 - The Dead, Junior Wells' Chicago Blues Band, & the Doors at the Fillmore, San Francisco, California.
    1968 - Against the advice of Columbia Records executives, Johnny Cash visits Folsom State Prison in California to record a live album. The resulting LP, "Live At Folsom Prison" would become one of Johnny's biggest selling records, reaching #1 on the Country album chart and #13 on the Hot 200. It also produced one of his most memorable hit singles, "Folsom Prison Blues." In 2003, "Live at Folsom Prison" was certified Triple Platinum by the RIAA for sales of over three million and was ranked #88 on Rolling Stone Magazine's list of the 500 greatest albums of all time.
    1968 - Cream's "Sunshine of Your Love" enters the pop charts.
    1968 - Dr. K.C. Pollack of the University of Florida audio lab reports tests have found that the noise generated at rock & roll concerts is harmful to teenage ears.
    1968 - In a game between the Minnesota North Stars and the Oakland Seals, Minnesota rookie center Bill Masterton was checked into the boards and fell heavily on his head. He suffered massive brain damage and died two days later, the only fatality in NHL history.
    1969 - After his triumphant '68 "comeback" special, Elvis Presley decides to take more control of his career and begins recording in Memphis for the first time since he left Sun Records. Over the next three weeks at Chips Moman's American Recording Studios, Elvis records the songs that would return him to the top of the charts ("Suspicious Minds" and "In The Ghetto" chief among them).
    1969 - The Beatles release “Yellow Submarine.”
    1973 - Carly Simon's album “No Secrets” hits #1.
    1973 - Eric Clapton came back from his three-year heroin addiction problem with a concert at the Rainbow club in London. Clapton, helped and encouraged by Pete Townshend of the Who, was back on the album charts in 1974 with "461 Ocean Boulevard.”
    1972 – President Nixon announces that 70,000 U.S. troops will leave South Vietnam over the next three months, reducing U.S. troop strength there by May 1 to 69,000 troops. Since taking office, Nixon had withdrawn more than 400,000 American troops from Vietnam. With the reduction in total troop strength, U.S. combat deaths were down to less than 10 per week. However, Nixon still came under heavy criticism from those who charged that he was pulling out troops but, by turning to the use of air power instead of ground troops, was continuing the U.S. involvement in Vietnam rather than disengaging from the war. The last American troops would be withdrawn in March, 1973 under the provisions of the Paris Peace Accords.
    1972 - The Beach Boys' "Surfin'" is getting airplay in Los Angeles and enters Billboard, moving up the Hot 100 chart at #118.
    1973 - Carly Simon's "No Secrets" was the #1 album in the U.S. for the first of five weeks. The tracks: "The Right Thing to Do," "The Carter Family," "You're So Vain," "His Friends are More Than Fond of Robin," "(We Have) No Secrets," "Embrace Me You Child," "Waited So Long," "It Was So Easy," "Night Owl" and "When You Close Your Eyes."
    1973 - Top Hits 
“Me and Mrs. Jones” - Billy Paul 
“Clair” - Gilbert O'Sullivan 
“You're So Vain” - Carly Simon 
“She's Got to Be a Saint” - Ray Price
    1974 - A Gallup poll on religious worship showed that fewer Protestants and Roman Catholics were attending weekly services than ten years earlier, but that attendance at Jewish worship services had increased over the same period.
    1974 - 37 people were injured in a melee outside the Tower Records store in Los Angeles after the crowd discovered that singer Steve Miller was not going to be at a post-concert party at the store. The organizers forgot to invite him. Miller's single and album "The Joker" were riding high on the charts at the time.
    1974 - Super Bowl VIII (at Houston): Miami Dolphins 24, Minnesota Vikings 7. The Dolphins win their second straight Super Bowl. Fran Tarkenton and the Vikings are the victims. MVP: Dolphins' RB Larry Csonka whose 145 yards rushing led the way. Tickets: $15.00
http://images.nfl.com/history/images/0113.jpg.
    1976 - Sarah Caldwell, The Divine Miss Sarah, became the first woman to conduct an opera at the Metropolitan, Verdi's “La Traviata.”  Founder of the highly successful and artistically marvelous Boston Opera Company, she was the second woman in the history of the New York Philharmonic to conduct its orchestra (1975).  Devoted to her Boston Opera Company and opera in general, she uses off-beat methods to draw customers by using stage innovations which included such things as motorcycles and circus acts. She was born 03-05-24.
http://www2.worldbook.com/features/whm/html/whm068.html
http://www.smithsonianassociates.org/programs/cassettes/caldwell.HTM
    1978 - Elvis Presley's version of Paul Anka's "My Way" goes gold in five months after the King's death. Earlier, it had become one of Presley's 78 Top Twenty-five hits.
    1979 – The YMCA sued the Village People for copyright infringement over their song of the same name. The suit is eventually dropped.
    1980 - The Grateful Dead, Beach Boys and Jefferson Starship are the featured acts at a benefit concert for the people of Kampuchea, held at the Oakland Coliseum.
    1981 - Top Hits 
“(Just Like) Starting Over” - John Lennon 
“Love on the Rocks” - Neil Diamond 
“Hungry Heart” - Bruce Springsteen 
“I Think I'll Just Stay Here and Drink” - Merle Haggard
    1982 - Air Florida Flight 90, a Boeing 737, attempted to take off from Washington's National Airport in one of the worst blizzards in history. Ice had built up on the wings of the jetliner as it waited its turn to take off, preventing it from gaining altitude. After crashing into the 14th Street Bridge, the plane fell into the Potomac River. 74 of the 79 people on the aircraft were killed in the accident. Four people on the bridge were killed.
    1982 - The worst Louisiana rainstorm in more than 100 years came to an end. More than 18 inches fell at Vinton, LA, during the three-day storm. Flooding was widespread, and property damage was estimated at 100 to 200 million dollars. President Reagan visited the state and declared ten parishes in northeastern Louisiana disaster areas.
    1982 – Hank Aaron and Frank Robinson were elected to Baseball’s Hall of Fame.  Aaron established a Major League record with 755 HRs, while Robinson led the Baltimore Orioles to two World Championships and was named MVP in both the American and National Leagues. Aaron falls nine votes shy of becoming the first-ever unanimous selection and his 97.8 election percentage was then second only to Ty Cobb’s 98.2 percent in the inaugural 1936 election. Robinson was also the first African-American manager in Major League history and hit 583 HRs.
    1984 - Wayne Gretzky extended his consecutive scoring streak to 45 games, but the Edmonton Oilers winning streak ended at an unlucky 13 when Gretzky and company lost to the Buffalo Sabres, 3-1.
    1985 - While not a date in American history, Otto Bucher of Switzerland became the oldest golfer to record a hole-in-one when he aced the 12th hole at a golf course in Spain. Burcher was 99 years old.
    1986 - NCAA member schools voted overwhelmingly in convention to adopt Proposition 48, a controversial attempt to raise the academic performance of student-athletes. Prop 48 required incoming freshmen to score 700 or more on the Scholastic Aptitude Test (SAT) or 15 on the American College Testing (ACT) exam or graduate from high school with a 2.0 grade point average in order to be eligible for athletics during freshman year.
    1986 - For the first time in about 10 years, "The Wall Street Journal" broke with tradition and printed a real, honest-to-goodness picture on its front page. The story was about artist O. Winston Link and featured one of his works.
    1988 - A fast moving cold front ushered arctic cold into the north central and northeastern U.S. Mason City, IA reported a wind chill reading of 51 degrees below zero, and Greenville, ME reported a wind chill of 63 degrees below zero. Winds along the cold front gusted to 63 mph at Rochester, NY, and a thunderstorm along the cold front produced wind gusts to 62 mph at Buffalo with snow and sleet.
    1989 - Half a dozen cities in the northeastern U.S. reported record low temperatures for the date, including Elkins, WV, with a reading of 13 degrees below zero. Watertown, NY was the cold spot in the nation with a morning low of 37 degrees below zero
    1989 - Top Hits
“Every Rose Has Its Thorn” - Poison 
“My Prerogative” - Bobby Brown 
“Two Hearts” - Phil Collins 
“Hold Me” - K.T. Oslin
    1990 – Douglas Wilder became the first elected African American governor as he takes office in Richmond, VA.
    1990 – A winter storm in the southwestern U.S. produced more than a twelve inches of snow in the mountains of California and Nevada. In northern California, Huntington Lake was buried under 40 inches of snow, and up to 20 inches was reported in northeastern Nevada. Heavy rain soaked some of the lower elevations of California. Gibraltar Dam, CA was drenched with 5.33 inches of rain in two days.
    1992 – United States serial killer Jeffrey Dahmer pleaded guilty but insane to the murders of 15 young men and boys. He had kept parts of his victim in his refrigerator, and also claimed to be a cannibal. He was later murdered in by an inmate who said, “God had told me to do this.”
    1992 – Japan apologized for forcing Korean women to act as sex slaves for Japanese soldiers during World War II but refuses to pay reparations.
    1994 – GTE, General Telephone & Electric, once the largest independent telephone system in the US, was in the midst of a massive restructuring program designed to “streamline” its operations for the dawning “multimedia age”.  It announced that it was taking a $1.8 billion pretax charge for the fourth quarter of 1993 and, in the process, planned to slash its staff by some 17,000 jobs. GTE chairman Charles R. Lee declared the moves necessary for the company’s future, noting that without a “competitive structure”, GTE would likely “blow up.” However, this logic didn’t mollify GTE’s primary union, the Communications Workers of America, which derided the lay-offs as “yet another example of a highly profitable company eliminating…the people who helped build the company and created its technology to further enhance the bottom line.”  In 2000, GTE merged with Bell Atlantic, one of the RBOCs spun off by the break-up of AT&T in the consent decree.  The merged entity was renamed Verizon.
    1996 – The Medals of Honor were awarded to African-American servicemen for service in World War II by President Clinton at a ceremony in the White House, Washington, DC. None of the 1.7 million African-Americans who served in World War II had received a Medal of Honor despite the many documented cases of bravery that were presented to officials of the armed forces. Of the seven servicemen who received the medal at the ceremony, the only one still alive was Vernon Baker, a 77-year-old retired career Army officer. Medals were awarded posthumously to staff Sergeant Edward A. Carter, J., of Los Angeles, First Lieutenant Charles L. Thomas of Detroit, Private George Watson of Birmingham, AL, First Lieutenant John R. Fox of Boston, Private First Class Willy F. James, Jr., of Kansas City, KS, and Staff Sergeant Ruben Rivers of Tecumseh, OK.
    1998 – Baltimore and Minnesota combine to set an NFL record with three kickoff return touchdowns in the same game, all in the first quarter of the Vikings’ 38-28 victory. Corey Harris and Patrick Johnson score for the Ravens while David Palmer turns the trick for Minnesota. Vikings kicker Gary Anderson sets an NFL record when he converts his 34th consecutive field goal.
    1999 – “The Sopranos” TV Premiere. The thinking viewer’s mob drama features James Gandolfini as Tony Soprano, whose panic attacks drive him to seek out a psychiatrist (Lorraine Bracco). The HBO drama revolves around Tony’s home and crime lives. TV Guide has named the series one of the greatest TV shows of all time.
http://www.hbo.com/sopranos/
    2000 - Microsoft chairman Bill Gates announced that he would be stepping down as Microsoft chief executive and handing over the reins to longtime friend and company president Steve Ballmer. Gates assumed the title of ‘chief software architect'.
    2011 - Just two months after The Beatles back catalogue became available on iTunes, their sales figures topped 5 million songs according to Hudson Square Research. During that period, the legendary group also moved more than a million full-length albums.
    2014 – Alex Rodriguez filed a lawsuit in federal court against Major League Baseball and the Major League Baseball Players Association…and anything that breathed…seeking to overturn the 162-game suspension handed two days earlier by arbitrator Frederic Horowitz.  The suspension was upheld and A-Rod sat out the entire 2014 season.
    2014 - In West Virginia, 10 people were hospitalized and 300,000 people have been unable to use tap water for four days since 4-methylcyclohexane methanol, an industrial chemical, leaked into the Elk River.
    2020 - Oldest material existing on earth at 7.5 billion years old revealed by scientists studying the Murchison meteorite that fell to earth in Australia in 1960s  

Super Bowl Champions:
    1974 - Miami Dolphins

National Baseball Hall of Fame inductees:
    1972 – Hank Aaron and Frank Robinson