Rapid Finance Resumes Funding
Invites New Partners

Leasing News was informed:

"Yes, we just launched. Not all partners have the ability to fund new deals just yet so, if any “housekeeping” is in order prior to accepting new submissions, they need to email bd@rapidfinance.com to confirm if they are eligible to submit new business.
 
"If it is a new partner, they can email ISOPartners@rapidfinance.com to get setup with us."

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Marlin Business Services 2Q $5.9 Million Loss
Compared to $11.8 Million Loss 1Q

Commenting on the Company’s results, Jeffrey A. Hilzinger, Marlin’s President and CEO, said, “We, along with the entire financial services industry, continue to operate in a challenging and uncertain environment arising from the unprecedented impact of the COVID-19 health crisis on our business.  Our $5.9 million net loss during the quarter was driven by a significant increase in the allowance for loan losses, as our provision for credit losses was $18.8 million.  Despite the loss for the quarter, our capital and liquidity positions remain very strong which enabled us to provide payment deferral contract modifications for a select group of customers.  We also maintained our second quarter dividend and took steps to significantly reduce costs and re-align our organizational structure to take advantage of emerging opportunities that we believe will accelerate as the current economic uncertainty dissipates.”  

Mr. Hilzinger concluded, “As we manage the business through this challenging environment, we remain focused on our core fundamentals: protecting our employees and our portfolio, helping our customers, maintaining strong liquidity, reducing costs and proactively preparing for the future. I am extremely proud of our employees’ dedication to both our business and our customers during these challenging times.  We are thankful for the support of our shareholders, and we look forward to continuing to serve our customers and communities during this time of need and emerging from this crisis in an even stronger competitive position.”

Full Press Release:
https://investor.marlincapitalsolutions.com/file/Index?KeyFile=404805748

8K  (16 pages)
http://leasingnews.org/PDF/marlin_72020.pdf

 

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Pictures from the Past:
Paul Menzel and Jim Merrilees. 1992

Spring Conference '92

Chairperson Paul Menzel (l), CLP, vice president/general manager, California Thrift Loan, Leasing Division, Santa Barbara, California at Annual Conference Exposition ’92. Chairperson Jim Merrilees, president, Colonial Pacific Leasing Corporation, Tualatin, Oregon accepts commemorative plaque for service to the Association.
   - Western Association of Equipment Leasing Newsline.

Today, Jim Merrilees, CLFP, is retired, but Paul Menzel, CLFP, is not (see New Hires)

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New Hires/Promotions in the Leasing Business
and Related Industries

 

Central Bank of St. Louis, Missouri, announced the addition of David Beck as a Senior Vice President, Commercial Leasing.  He joined the bank April, 2020 and is located in Chicago, Illinois. Previously, he was at MB Financial Bank, starting July, 2006, Vice President and Division Manager, Managed Assets; promoted August, 2014, Senior Vice President, Lease Banking. Education: DePaul University, Charles H. Kellstadt Graduate School of Business.  Master of Business Administration (M.B.A.), Corporate   https://www.linkedin.com/in/david-beck-48a672a/Finance (2011 -2015).

John Costa was hired as Sales Program Manager, LEAF Commercial Capital, Philadelphia, Pennsylvania.  Previously, he was at Olympus America, Inc., starting March, 2006 as Supervisor, Inside Sales; promoted April, 2013, Manager, Sales Support. Account Executive, CitiCapital (2004 - 2006); Manager, Business Finance, DVI Financial Services (1996 - 2004).  Education: University of Dayton. B.S., Management (1981 - 1985). https://www.linkedin.com/in/john-costa-30826b26/

Jennifer Houck was hired as Finance Manager, XCMG NA, Las Vegas, Nevada. Previously, she was AVP, Industrial Sales, CIT Bank (August, 2017 - July, 2020); Finance Manager, XFX, Vendor Finance Program, Xtreme Manufacturing (December, 2014 - July, 2020): Vice President, Business Development Officer, Meadows Bank (February, 2014 - December, 2014); Vice President, Relationship Manager, Plaza Bank (2004 - February, 2014). https://www.linkedin.com/in/jennifer-houck-0920b715/

INTEGRA Capital Services, Seattle, Washington, announced that Paul Menzel, CLFP, was hired as Chief Executive Officer April, 2020. He is located in Santa Barbara, California. Previously, he was President and CEO, Umpqua Bank Equipment Leasing and Finance (July, 2013 - April, 2020); President & CEO, Financial Pacific Leasing (November, 2008 - April, 2020); President, Leaf Funding (2007 - 2008); SVP, Community Banking Pacific Capital Bancorp (aka Santa Barbara Bank & Trust (1996 - 2007); President, Cal Fed Credit (June, 1986 - June, 1996); SVP, General Manager, Puritan Leasing Company (May, 1975 - June, 1988). Certification: Certified Lease and Finance Professional. Education: University of California, Berkeley, Haas School of Business, BS, Marketing.  Golden Gate University, MBA, Management. https://www.linkedin.com/in/paul-menzel-30b33b14/

Fouad Madkour was promoted to Senior Account Manager, Amur Equipment Finance, Grand Island, Nebraska.  He is located in their Dover, New Hampshire Office, where he joined October, 2019, as Direct Vendor Account Manager; April, 2020, he was promoted to Senior Relationship Manager.  Previously, he was at Ascentium Capital, starting as Finance Manager, August, 2018; promoted August, 2019, Regional Sales Manager.  Prior, he was at Beacon Funding, beginning June, 2017, Sales Representative; promoted June, 2019, Senior Financial Consultant. Funding Manager, Direct Capital, a Division of CIT Bank, N.A. (April, 2016 - June, 2017); Operational Manger, Sheesha Lounge (November, 2013 - June, 2016); Supervisor, Suffolk University Annual Fund (January, 2010 - May, 2013); Intern at Energize Everett, Everett City Hall (February, 2012 - September, 2013); Finance Manager, Auto Gallery Group (October, 2008 - April, 2011). Languages: Arabic. English. French. Education: Suffolk University, BS, Political Science & Philosophy (2009 - 2013) Bachelor of Science (B.S), Political Science and Government, 3.5 GPA. Activities and Societies: Soccer, E-Board MSA, Annual Fund. Suffolk University Student Council. Muslim Student Association. USSF Referee Administration. https://www.linkedin.com/in/fouad-madkour-43578a29/

Torre Montez was hired as Vice President of Sales, Centra Funding, Plano, Texas. He is located in Irvine, California. Previously, he was at Partners Capital Group, starting May, 2018, as Regional Sales Director; promoted March, 2017, Vice President of Sales; Vice President of Sales. Prior, he was National Sales Manager, Ascentium Capital (February, 2015 - November, 2016); National Account Executive, Alliance Funding Group (March, 2004 - February, 2015).  Education: Western Wyoming Community College. CNA, Electrician Apprenticeship, Technologies, Nursing (2007 - 2008). Activities and Societies: Child Care, Certified Nursing Assistant Program. Electrician Apprenticeship.  Dixie High School, High School, General Studies (2003 - 2006). https://www.linkedin.com/in/mrgetthejobdone/

Kayla Perlinger, CLFP, was promoted to Vice President, Syndications, Oakmont, West Chester, Pennsylvania.  She is located in St. Cloud, Minnesota.  She joined the firm May, 2018 as Syndication Manger. Previously, she was at Stearns Bank, starting October, 2011 as Senior Credit Analyst; promoted October, 2014, Senior Syndications Analyst/Lead Credit Analyst; promoted December, 2017, Broker Relations Supervisor/Sales Analyst. Prior, she was Digital Creation & Distribution, CM Group Holdings, Inc. aka Creative Memories, joining the firm September, 2007; promoted June, 2011, Marketing Analyst. Accomplishments: Certified Lease & Finance Professional/CLFP Foundation.  Excel 2013 Essential Training, License 2BBC22. Honors & Awards: Chris Walker Memorial Member of the Year. Education: St. Cloud State University, Bachelor's Degree, Economics.  Dale Carnegie Training (2019). https://www.linkedin.com/in/kayla-perlinger-clfp-3a141533/

Brian Smith was promoted to EVP, Credit and Syndications, Trans Lease, Inc., Denver, Colorado.  He joined the firm January, 2019, as SVP, Credit and Syndications.  He began his career at the company in 1999 as Credit Analyst; promoted 2002, Assistant Credit Manager; promoted, 2005, Credit Manager; promoted, 2010, Vice President of Syndications and Specialty Finance.  Education: University of Colorado. Bachelor of Applied Science (B.A. Sc.), Accounting (1993 -1996).  Brighton High School. https://www.linkedin.com/in/brian-smith-42a2a9b/

Shannon Stangl was promoted to Regional Sales Manager, North America, Office Equipment, DLL, Wayne, Pennsylvania. She joined the firm 1995 as Manager, Inside Sales; promoted July, 2019, US Vice President, Sales, Office Equipment.  Education: Penn State University. https://www.linkedin.com/in/shannon-stangl-36421ab/

Nic Stephens, CLFP, was hired as Enterprise Sales Executive, Apple Financial Services, Cupertino, California.  He is located in Huntington Beach, California. Previously, he was at Blue Street Capital, starting January, 2016, Senior Account Executive; promoted July, 2018, Vice President of Sales.  Senior Business Advisor, Main Street Business Capital (January, 2015 - September, 2016).  Certification: Certified Lease and Finance Foundation.  Education: Northern Arizona University. Bachelor of Science in Business Administration, Marketing (2012 - 2014).  Activities and Societies: Certificate for Promotion in Marketing  Communication.  The Delta Chi Fraternity. Marketing. Professional Selling. Finance. Accounting. Management. Communications. Orange Coast College. Business, Management, Marketing and Related Support Services (2010 -2012). Activities and Societies: OCC Men's Rowing. 2012 National Champion Rower, ACRA Championships. https://www.linkedin.com/in/nic-stephens-finance/

Michael Quimby was promoted to Chief Operating Officer and Business Leader, OnPoint Group, LLC, Perrysburg, Ohio. He is located in Fort Lauderdale, Florida.  He joined the firm April, 2019, as Executive Vice President. Previously he was Executive Vice President, Total Fleet Solutions, OnPoint Group, May, 2019. Executive Vice President and General Manager, Sertant Capital, LLC (May, 2018 - April, 2019); Executive Vice President & General Manager, Sertant Capital, LLC (May, 2018 - April, 2019); Senior Vice President, Element Fleet Manager (November, 2013); promoted to SVP & General Manager, December, 2015); Vice President Sales and Marketing, Ryder (September, 2006 - April, 2012); Vice President Sales, GE Capital (May, 1997 - September, 2006); General Manager, Ryder (May, 1987 - May, 1997). Education: Harvard University Graduate School of Education, Certificate, Finance (1997 - 1999).  Keene State College, BS. Business Marketing (1982 - 1986). https://www.linkedin.com/in/michael-quimby-5425108/

 

 

 

Leasing Industry Help Wanted

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The First COVID-19 Business Interruption Decision
Sides In Favor of Insurers

By Attorney Cranston Rice
the National Law Review

In what appears to be the first substantive dispositive ruling on a COVID-19 related business interruption insurance claim, a Michigan court has dismissed an insured’s business interruption claim, finding that the insured did not suffer a direct physical loss and no insurance coverage exists for the insured’s claim.

On July 1, 2020, Judge Joyce Draganchuk in Ingham County, Michigan dismissed a claim of First Impression, siding with an insurer’s decision to deny business interruption coverage. The case centered on one key provision in the insured’s policy: “Direct physical loss of or damage to the [insured’s] property” triggers the application of business interruption coverage.

Nick Gavrilides is the owner of two restaurants in Lansing, Michigan. His insurer, Michigan Insurance, a subsidiary of Donegal Group Inc., denied his $650,000.00 claim. Gavrilides’ asserted his business interruption coverage should include COVID-19-related losses.

During a virtual hearing conducted by the court, Michigan Insurance argued the policy did not cover losses stemming from COVID-19. It argued business interruption coverage is triggered by an event that actually alters the structural integrity of the property, which did not occur. Gavrilides, on the other hand, argued non-destructive losses are covered by the policy.

Notably, Gavrilides did not allege his property had been damaged or lost but instead that Michigan Governor Gretchen Whitmer’s stay-at-home order interfered with his use of his restaurant business. In response, Michigan Insurance pointed out the policy was not triggered by loss of use of the property but rather by the loss of or damage to the physical property itself. The insurer maintained, “[T]he insured’s property today exists in the very same condition as [it] existed the day prior to the effective date of the stay-at-home order.”[1] Michigan Insurance’s legal argument relied on standard rules of contract interpretation. Words are not to be added when the language of the contract is clear. Adding the word “use” to the key provision and implying the loss of use of the property would trigger coverage would deviate from this rule; it would be a violation of settled law.

The Michigan court agreed. Judge Draganchuk ruled verbally during the hearing:

[I]t is clear from the policy coverage that only direct physical loss is covered. Under their common meanings and under federal case law … direct physical loss of or damage to the property has to be something with material existence, something that is tangible, … something that alters the physical integrity of the property. The Complaint here does not allege any physical loss of or damage to the property.[2]

In other words, the court ruled that Michigan Insurance’s denial of Gavrilides’ claim was proper because COVID-19 did not affect the actual, tangible structure of his restaurants, and as such, there was no physical loss of, or damage to, the restaurants.  Similarly, Judge Draganchuk also dismissed Gavrilides’ claim for coverage pursuant to the civil authority provision in the policy, because this provision also requires the physical loss or damage to trigger coverage.

Exclusionary language may also have barred the claim had the court found that the alleged loss fell within the insurance clause of the policy. The final nail in the claim’s coffin was a virus exclusion contained in the policy, which stated the insurer “will not pay for loss or damages caused by or resulting from any virus, bacterium, or other microorganism that induces or is capable of inducing physical distress, illness, or disease.” Counsel for. Gavrilides pointed to the stay-at-home order, not the virus, for the loss of the use of the property, but Judge Draganchuk was not persuaded.

The Gavrilides decision is the first of its kind to dispose of a business interruption claim, and the stakes are high. More than 450 cases like Gavrilides’ have been filed in state and federal courts across the country, and Congress, legislatures, and regulators are grappling with pressures to retroactively rewrite existing insurance policies to cover COVID-related business losses. For policies similar to Gavrilides’, Judge Draganchuk’s order may set the stage for courts to follow.

This article features contributions from Lauren E. Cyphers

 

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Approximately 25 million U.S. adults will stop receiving $600 federal unemployment checks from July 31. Under new proposals by Senate Republicans, those benefits would be slashed 43 percent and replaced by a $200 weekly payment through September. That is set to have enormous financial repercussions for millions of hard pressed Americans who have relied on the $600 payment to make ends meet during the economic havoc caused by the pandemic. If that wasn't bad enough, the Federal Eviction Moratorium has also expired, placing renters with federally backed mortgages at risk of eviction. They account for more than a quarter of all U.S. renters.

White House advisor Larry Kudlow did hint at an extension of the provision during an interview on Sunday but its expiration has allowed landlords to file eviction notices, though people cannot be pushed out of their homes for another 30 days at least. Together with the cut in unemployment benefits, a perfect storm is on the horizon for America's renters. An analysis from global advisory firm Stout Risius Ross estimates that over 40 percent of renter households across the country will experience a rental shortfall during the current crisis with close to 12 million people facing eviction over the coming four months alone. 17 million are set to be impacted over the course of the pandemic.

The analysis is based on Household Pulse Data from the middle of July and it found that the situation differs significantly between states. West Virginia has the highest estimated share of renter households facing eviction at nearly 60 percent while Tennessee, Minnesota, Mississippi, Florida and Louisiana are all at 50 percent or higher. The lowest risk of eviction is in Vermont where 22 percent of people could lose their homes.

By Niall McCarthy, Statista

Fintech Insider Says Online Lenders are Struggling Due to US
Government Programs Supporting Businesses During COVID-19
   Crowdfundinsider.com 

Looking for additional insight into the challenges in the industry, CI reached out to an industry insider for their perspective on Fintech lenders letting employees go. Their response was as follows:

“In a way, OnDeck and any other small business lender’s fate was sealed not all because of COVID-19, but  largely due to a new competitor coming on the scene with unlimited lending capacity at 0% APR. namely, the United States government. The US government [has] dished out trillions of dollars to small business owners (especially the legit ones) that the only “businesses” left for the picking by OnDeck are un-fundable junk businesses that no one wants to touch. This is a sad situation and unfortunate for those that worked to help millions of American small business owners. In the end, no one can compete with the government’s purse strings.”

The Law of Unintended Consequences
So it appears that the government programs that are designed to backstop the US economy are, unintentionally, adversely impacting online lenders in the SMB sector. This person said the simplest way to put it is this: 7he government is the new lender with trillions of dollars of funding power at virtually no cost to the borrower. How does anyone compete with that?

“In essence, the government’s Paycheck Protection Program (PPP) ultimately kills all small business lenders. There is another unintended consequence: the good, and real businesses are getting PPP funding,” they explained. whereas the bad ones that don’t qualify for PPP are of such poor quality that the OnDecks of the world would not want to lend to them.

“OnDeck might still be getting a ton of applications for funding but most of them are un-bankable. The good PPP program is a bad thing for private small business lenders.”

We asked about other online lenders in the SME sector that may be in a similar situation. This person said that layoffs are occurring across the board, mentioning names like Funding Circle and Kabbage (previously covered), who are laying off hundreds if not thousands across the sector.

“Many will fail in the coming weeks or months. It will be a bloodbath, not too dissimilar to the great downturn in 2008-2009,” this individual warned.

Do you think some of these platforms will be able to survive? Are they able to access some of these programs too?

“Many of these small business lending platforms will not exist in the coming month. First, I think half of the small businesses won’t come back to their pre-COVID level. Some will go out of business completely. What’s interesting is that there is so much disinformation out there and every bank that backs the PPP program has its own underwriting criteria. Why? Because if they don’t underwrite these businesses correctly, they are on the hook to repay some if not all of the bad loans. Some of these banks are saying that FinTechs and lenders are not qualified for PPP. You may also wonder why Cross River Bank got millions from the government. They don’t just dish out PPP loans, they do a lot more than that. The pure lenders may be out of luck and going belly up.”

And what about consumer lenders? A different segment of Fintech that has also been impacted by COVID-19.

“Consumer Lenders [may] have the exact same fate as small business lenders. They are competing with the government again and losing badly. The unemployment checks are raining down and most people make more money sitting at home than go back to work. There are so many unintended consequences, it will take years for us to learn from this. In the near term, smart consumers are using this money to pay off their debt creating a massive wave of prepayments. That sounds great for the consumers, but lenders absolutely hate prepayments, their yield erodes and profit falls. It’s a sad day all around.”

 

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

Balboa Capital Survey Reveals 8 in 10 Small Business
Owners Embracing Remote Work Models in 2020

Balboa Capital, a leading direct lender that specializes in small business loans and equipment financing, surveyed business owners to find out how many companies switched to remote work models due to the COVID-19 pandemic, and to see how effective the results have been. The survey, which was sent to a sample of small business owners in a variety of industries during the first two weeks of July 2020, reveals that 8 in 10 companies are embracing remote work models. Additionally, business leaders whose companies have remote workers report improved business outcomes, increased employee engagement, and reduced overhead costs. 

Kevin Umeda, Manager of Sales Planning and Coordination at Balboa Capital, commented, “According to our latest survey, remote work is on the rise due to the COVID-19 pandemic, and it is benefitting small business owners nationwide.

 “Eighty-two percent of small businesses now have remote workforces, up from fifty-one percent in March 2020, and employers and employees are learning how to make this operational structure a success. For example, a majority of business owners said the shift to remote work has resulted in more employee productivity, happier workers, and improved customer service. Moreover, companies are realizing the financial benefits of a remote workforce. Sixty-percent of business owners said it has dramatically reduced their cost savings, as office space, parking, utilities, perks, and other expenses have been reduced or eliminated.”
Key takeaways from Balboa Capital’s remote work survey:

• 51% of small business had remote workers before the COVID-19 pandemic.
• 82% of small businesses embraced remote work models when the COVID-19 pandemic started.
• More than half (55%) of small business owners said that all of their employees are working remotely.
• 9 in 10 small business owners plan to allow remote work when the COVID-19 pandemic subsides or is no longer a concern.
• 65% of small business owners said that overall productivity and operational output have increased as a result of working remotely.
• 6 in 10 small business owners said that shifting to remote work has decreased their overhead costs.
• 4 in 10 small business owners said that working remotely has positively impacted customer service.
• 60% of small business owners said their remote employees are happier, more engaged, and performing at a higher level than they did in a traditional office setting.
• 55% of small business owners invested in technology prior to shifting to a remote work model. Computers and laptops topped the list of purchased items, followed by Wi-Fi equipment, printers, video conferencing software, and web cameras.
• When asked how they are keeping their employees connected while working remotely, 45% said weekly and/or monthly video meetings, and 40% said phone calls and/or group chat sessions.
• 12% of small business owners implemented online activities and team-building games for their remote workers.

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, business lines of credit, 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 instant decisions. www.balboacapital.com.

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ELFA 2020 Survey of Equipment Finance Activity
Reports New Business Volume Grew 10.5% in 2019

Washington, D.C. — New business volume grew 10.5% in the equipment finance industry in 2019, according to the 2020 Survey of Equipment Finance Activity (SEFA) released today by the Equipment Leasing and Finance Association (ELFA). The rise in new business volume marked the 10th consecutive year that businesses increased their spending on capital equipment. The 2020 SEFA covers key statistical, financial and operations information for the $900 billion equipment finance industry, based on a comprehensive survey of 100 ELFA member companies. While the report does not reveal the impact of the COVID-19 pandemic on the equipment finance industry—as it focuses on data from fiscal year 2019—it provides insight into multiple aspects of the industry, as well as the state of the industry preceding the pandemic.

Survey Highlights
Key findings for 2019 as reported in the 2020 SEFA include:

• New business volume grew 10.5% in 2019. The rise was stronger than the 4.4% increase achieved in 2018, and considerably stronger than the growth of the nation’s GDP, reported at 2.3% for 2019 by the U.S. Department of Commerce.
• By organization type, banks saw a 12.8% increase in new business volume, independents saw an 8.4% increase and captives saw a 6.9% increase. By market segment, new business volume grew 20.0% in the large ticket segment, 9.0% in middle ticket and 8.1% in small ticket.
• From an asset perspective, the top-five most-financed equipment types were transportation, IT and related technology services, construction, agricultural and industrial/manufacturing. The top five end-user industries representing the largest share of new business volume were services, agriculture, wholesale/retail, industrial and manufacturing, and transportation.
• Delinquencies edged up in 2019 to 2.1%, from 1.8% in 2018. Delinquencies have been on the rise since 2013 when only 1.2% of receivables were over 31 day past due.
• Charge-offs increased marginally overall to 0.3% of average receivables in 2019.
• Credit approvals remained steady year-over-year, as did the percentage of those approved applications being booked.
• Employment levels grew slightly by 1.2%.

ELFA also released a companion report to the 2020 SEFA called the 2020 Small-Ticket Survey of Equipment Finance Activity. The report, which focuses on small-ticket and micro-ticket equipment transactions among the SEFA respondents, found that new business volume in the small-ticket space grew by 5.8% in 2019.

PricewaterhouseCoopers LLP administered the 2020 SEFA. The results were compiled from surveys sent to 352 eligible ELFA member companies in the first quarter of 2020. A total of 100 companies submitted 2019 U.S. domestic lease and loan data.

ELFA President and CEO Ralph Petta, said, “We are pleased to share the results of the 2020 Survey of Equipment Finance Activity

“The world is a very different place today in the midst of the COVID-19 pandemic than it was in 2019.  However, the 2019 statistics included in this report provide valuable industry benchmark data. The 2020 SEFA, the Interactive SEFA Dashboard and the personalized MySEFA data visualization tool are all designed to help users make more informed, data-driven decisions. We thank all the ELFA member respondents, without whom this leading industry data source would not be possible.”

Access the 2020 SEFA Survey Results
The latest survey data are available in a variety of formats. Learn more at www.elfaonline.org/SEFA: 

• Full SEFA Report: The 300-page SEFA Report and companion Small-Ticket SEFA Report offer comprehensive performance metrics for 100 equipment finance companies.
• Interactive SEFA Dashboard: This online dashboard showcases executive summary data from over a decade of SEFA reports.
• MySEFA: This interactive data tool lets SEFA survey respondents track their own operational and performance statistics and compare them against their peers.
• Presentation: Save the date and plan to attend an interactive breakout session on the 2020 SEFA at the ELFA 2020 Business Live! virtual event on Oct. 27-28.

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

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Watch at Home
By Fernando Croce

From silent slapstick to wartime action to dramatic portraits, Criterion continues to restore and release cinematic treasures. Check out five of their latest classics:

The Cameraman (Edward Sedgwick, 1928): One of the silent screen’s inimitable comic geniuses, Buster Keaton teared through the 1920s with one masterpiece after another. Among the last films where he had full artistic control, this classic comedy offers plenty of his trademark imaginative set-pieces while also providing a self-reflexive study of filmmaking itself. Keaton plays a photographer who takes up motion pictures after falling in love with Sally (Marceline Day), a pretty secretary who works at the newsreel department at MGM Studios. With fierce competition from a veteran cameraman named Staggs (Harold Goodwin), our hero scrambles through the city in desperate search of a news scoop that will save his job, as well as the heart of the heroine. Though directed by Edward Sedgwick, the movie remains a Keaton vision through and through.

Dance, Girl, Dance (Dorothy Arzner, 1940): The only female director to work in the early days of Hollywood, Dorothy Arzner infused her films with vivacious heroines and subversive feminist insights. This entertaining backstage melodrama is among her most interesting films, following a pair of very different women trying to reach their dreams in the competitive world of chorus dancers. A trained ballerina, Judy (Maureen O’Hara) is earnest and demure, hoping to enter the industry without straying from her classical roots. Bubbles (Lucille Ball, in a wonderful performance), on the other hand, is brassy and ruthless, unafraid to manipulate men and use her appeal to achieve her ends. Focusing on characters and emotions usually left on the sidelines of dramas, Arzner fashions a breezy, powerful portrait of compromise and empowerment.

The Great Escape (John Sturges, 1963): Director John Sturges ("The Magnificent Seven") and an all-star cast celebrate the indomitable spirit of Allied forces in this suspenseful adventure yarn. Taken from a real-life story, the film unfolds largely inside a German POW camp in 1942, where escape is said to be impossible. That's a challenge accepted by a group of brave prisoners—including American captain Hilts (Steve McQueen) and British pilot Bartlett (Richard Attenborough)—who bond together to come up with a plan to break out. Pulling together their personal skills, the men forge ahead with a daring escape that will change their lives forever. Also starring James Garner, Charles Bronson, James Coburn and Donald Pleasence, the film has endured both as consistently engrossing entertainment and as an ode to human courage during wartime.

Husbands (John Cassavetes, 1970): One of the patron saints of American indie cinema, John Cassavetes specialized in dissatisfied, often painfully inarticulate characters coming face to face with their desires and fears. In this brilliant comedy-drama, he analyzes the effect a friend’s death has in the lives of three well-off, middle-aged men, Gus (Cassavetes himself), Harry (Ben Gazzara), and Archie (Peter Falk). Suddenly made aware of their own mortality, the three deal with it by carousing and drinking, even at one point taking an impulsivetrip to London. During this impromptu holiday, they encounter fleeting pleasures and lingering sorrows, ultimately confronting the complex tangle of being alive. Presented in the director’s sprawling, two-and-a-half-hour cut, this is an uncompromisingly intimate snapshot that mingles despair and wonder.

An Unmarried Woman (Paul Mazursky, 1978): One of the overlooked names when it comes to standout 1970s directors, Paul Mazursky always displayed a warm, generoustouch for his characters. One of his most critically acclaimed releases, this comedy-drama features a fantastic, Oscar-nominated performance by Jill Clayburgh as Erica Benton. A Manhattan museum worker who finds her life turned upside down when she learns that her husband, Martin (Michael Murphy), is leaving her for a younger woman. Single onceagain in a world of fads and one-night stands, she both struggles with and values her new independence. When she begins a relationship with a loving painter named Saul (Alan Bates), however, a difficult choice must be made. Brimming with tenderness, humor and complex people, Mazursky’s film is a feminist classic.

Akita
Santa Barbara, California
Adopt a Dog

Mancha
ID#A390929
Female
White and Tan
11 Years old
Shelter since July 18, 2020

Shelter Staff made the following comments about this animal:
Mancha is an 11 year-old girl who was recently surrendered to us. We hope to find a rescue interested in taking her in or a foster or adopter ASAP as this ol' girl doesn't deserve to be in our kennels at her age!

For more information about this animal, call:
Santa Barbara County Animal Services
- Santa Barbara at (805) 681-5285
Ask for information about animal ID number A390929

Santa Barbara County Animal Services
5473 Overpass Road
Goleta, CA 93117
Telephone: (805) 681-5285

Adoption Fee: $110

 

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Custom URL on Linkedin.com
How to do it and Why

By Melanie Goodman, LinkedIn

Most people are still using the LinkedIn URL they were given when they signed up - just a random series of numbers and letters.

Whilst you might think 'Nobody really cares what my URL is', that's not strictly true.

Google does.

LinkedIn does.

A custom URL is more SEO friendly and will help you to rank higher in Google and other search engines, as well as in searches on LinkedIn itself.

Not only that but a custom URL will also help to re-enforce your personal brand and ensure your name is consistent across all of your profiles. It's also easier to remember and more attractive to read when written into emails.

It will take you no more than 5 minutes but makes a huge difference to how professional your business appears online.

Convinced?

Update your LinkedIn URL with my step by step guide

https://www.linkedin.com/pulse/have-you-heard-url-story-melanie-goodman/?trackingId=I8mfmZGgQTywOlh3yeEi3w%3D%3D

News Briefs----

US workers file 1.43 million more jobless claims
      as crisis total tops 54 million
https://nypost.com/2020/07/30/us-jobless-claims-rise-to-1-4m-as-crisis-total-tops-54m/

New federal unemployment benefits could take
    as long as 20 weeks to process, California EDD head says
https://www.sacbee.com/news/politics-government/the-state-worker/article244612517.html?
 
Four of the largest tech companies added $200 billion in value
    after hours Thursday following strong earnings reports
https://www.cnbc.com/2020/07/30/apple-amazon-alphabet-facebook-added-200-billion-in-value-thursday.html

Apple announces 4-for-1 stock split
 stock currently trades above $380, Exoect $100 a share
https://www.cnbc.com/2020/07/30/apple-stock-split-announced.html

Joe Manchin and head of postal service union
    warn of possible post office closures
https://www.cbsnews.com/news/joe-manchin-american-postal-workers-union-united-states-postal-service/

Fauci urges Americans to wear
     goggles for added COVID-19 protection
https://nypost.com/2020/07/30/fauci-urges-americans-to-wear-goggles-for-added-covid-19-protection/

Fintech Consolidation and Banks
  By Charles Wendel
https://ficinc.com/fintech-consolidation-and-banks/

Intuit Adds Bank Account to QuickBooks Offerings
    Bill Pay plus Pays 1% on QuickBooks Cash Account
https://www.lendacademy.com/intuit-adds-bank-account-to-quickbooks-offerings/

E-Dealer Direct to help about 500 credit unions
    with repossessions
https://www.autoremarketing.com/wholesale/e-dealer-direct-help-about-500-credit-unions-repossessions

California hiring 5,300 workers, appointing
    ‘strike team’ to get a handle on unemployment surge
https://www.sacbee.com/news/politics-government/the-state-worker/article244587787.html?

California Pizza Kitchen Declares Bankruptcy
    163 Corporate Locations/16 Franchises
https://www.fsrmagazine.com/chain-restaurants/california-pizza-kitchen-declares-bankruptcy 

Why some local restaurants can’t stand delivery apps
       — and which deliver on their own
https://www.sacbee.com/food-drink/restaurants/article244194822.html

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

You May Have Missed---

Congressman John Lewis final words
Part of an Essay to be published after his death

“Though I may not be here with you, I urge you to answer the highest calling of your heart and stand up for what you truly believe. In my life I have done all I can to demonstrate that the way of peace, the way of love and nonviolence is the more excellent way. Now it is your turn to let freedom ring.”

https://www.nytimes.com/2020/07/30/opinion/john-lewis-civil-rights-america.html

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

Sports Briefs---

Patriots' Patrick Chung relays Bill Belichick's reaction
    to him opting out of the 2020 season due to COVID-19
https://www.cbssports.com/nfl/news/patriots-patrick-chung-relays-bill-belichicks-reaction-to-him-opting-out-of-the-2020-season-due-to-covid-19/

NFL incapable of seeing that it will likely lose the coronavirus fight
https://www.sfchronicle.com/49ers/annkillion/article/NFL-incapable-of-seeing-that-it-will-likely-lose-15447149.php

New Seahawks DB Jamal Adams: 'My plan is to retire' in Seattle
http://www.theredzone.org/Blog-Description/EntryId/82775/New-Seahawks-DB-Jamal-Adams---My-plan-is-to-retire--in-Seattle

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

California Nuts Briefs---

Coronavirus: California jobless claims drop sharply,
     but total now tops 7 million during shutdown period
https://www.mercurynews.com/2020/07/30/coronavirus-unemployment-claim-job-jobless-layoff-economy-tech-edd/

Predicting ‘huge surge,’ San Francisco opens new site
     to free hospital beds for coronavirus patients
https://www.sfchronicle.com/bayarea/article/Predicting-huge-surge-San-Francisco-opens-15446513.php

They defied health rules for a storybook San Francisco wedding.
     The virus didn’t spare them
https://www.sfchronicle.com/bayarea/article/They-defied-health-rules-for-a-storybook-San-15434220.php

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

“Gimme that Wine”

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

COVID Bringing a Painful Evolution to the Wine Business
https://www.winebusiness.com/news/?go=getArticle&dataId=234547

Health worries, extra benefits: California Wine Country recruiters
     talk hiring in the coronavirus pandemic
https://www.northbaybusinessjournal.com/article/industry-news/health-worries-extra-benefits-california-wine-country-recruiters-talk-hir/

WINES OF PORTUGAL ACADEMY  Online Education Course
https://formacao.viniportugal.pt/?fbclid=IwAR1Ika-gRWdiiwoEWS0sHDyZKMSKcwSk3OGvO2Bwaiz5XKo9Hy0iaAzJ3UQ

10 Trusted Online Vintners That Deliver Natural Wine To Your
https://www.refinery29.com/en-us/where-to-buy-natural-wine-online

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

     1498 - Christopher Columbus first sighted the island that he called La Trinidad. The island was inhabited by two tribes: the Arawaks, who were peaceful fishermen and farmers, and the more belligerent Caribs. Upon his return to Spain, Columbus described the islands to the King as very lush and pleasant, and soon the Spaniards began to colonize them. Trinidad and Tobago remained under Spanish rule from 1498 until Feb 18, 1797, when the Spanish Governor, Chacon, surrendered the islands to the British Navy. British rule continued until 1962 when Trinidad and Tobago gained their independence, after having been self-governing since 1956. The chief exports were slaves. Those that were not captured were killed and many maimed in the battles between well-armed soldiers on horses and Indians with primitive weapons at best. 
http://www1.minn.net/~keithp/cctl.htm  
http://www.visittnt.com/General/about/general.html  
http://users.carib-link.net/~richjob/trinidad.htm 
http://latino.si.edu/rainbow/education/historyandpeople.htm 
    1777 - The Vermont state constitution made it the first state to abolish slavery and adopt universal male suffrage, without regard to property. From 1777 to 1791, Vermont was an independent country, often referred to in the present day as the Vermont Republic. It was followed to a lesser degree by other New England states, which with Vermont were destined to become strongholds of abolitionism in the 1850s. Vermont had declared itself an independent state on Jan. 16, 1777 and has been known for its “independence” ever since. 
    1777 - The Second Continental Congress passes a resolution that the services of Gilbert du Motier "be accepted, and that, in consideration of his zeal, illustrious family and connections, he have the rank and commission of major-general of the United States." Thus, the Marquis de Lafayette, a 19-year-old French nobleman, was made an officer in the American Continental Army. 
    1790 - The US Patent Office opened its doors. The first US Patent was signed by George Washington and Thomas Jefferson. It went to Samuel Hopkins of Vermont for a new method of making pearash and potash, useful in many applications, including bleaching cotton. 
    1792 - The cornerstone of the Philadelphia Mint, the first US Government building, was put in place. 
    1811 - Jane Currie Blaikie Hoge (d. 1890) birthday, Philadelphia.  Author also well-known for caring for orphans. After seeing some of the deplorable conditions suffered by soldiers in the Civil War, she became one of the leaders in sanitary reform (collecting and distributing clothing, providing nursing care, medical and hospital supplies, food, just about everything else for sanitary and health care that the army never supplied to its men). The women of the sanitary reform movement did unbelievably hard and effective work. The women of the commission received adulation immediately after the war and then their names and work were forgotten while the names of battles and how they were fought (usually forgetting the gruesome results) were glorified. 
http://www.britannica.com/women/articles/Hoge_Jane_Currie_Blaikie.html 
    1816 - Birthday of Union General George H. Thomas (d. 1870), born in Southampton County, Virginia. Known as the "Rock of Chickamauga.” 
(Lower half of http://memory.loc.gov/ammem/today/jul31.html ) 
    1816 - Lydia Moss Bradley (d. 1908) birthday, Vevay, IN.  American financier and philanthropist. Although left a wealthy widow, she increased the estate astronomically through wise investments and real estate transactions that rank her as a major financial genius. Her philanthropic gifts included a home for older women. In 1876, she endowed Bradley University with $2 million and 28 acres in honor of her six children who all died young. 
http://www.search.eb.com/women/articles/Bradley_Lydia_Moss.html  
http://www.alliancelibrarysystem.com/IllinoisWomen/files/br/ 
htm1/bradley.cfm 
    1831 - Helena Petrovna Hahn Blavatsky (d. 1891), birthday, Yekaterinoslav, Ukraine. Founder of the Theosophy religion/belief/philosophy that combines various religions and spiritualism and the occult. She wrote a number of books, the most important of which was “The Secret Doctrine,” “The Synthesis of Science,” “Religion, and Philosophy” (1888), and “Key to Theosophy” (1889), that are the basic texts of the movement. She died at the home of Annie Besant who carried on the movement that still has millions of followers today. 
http://school.eb.com/women/articles/Blavatsky_Helena_Petrovna.html  
http://www.blavatskyarchives.com/natcyclop.htm 
http://www.crystalinks.com/blavatsky.html 
    1846 - The "Brooklyn" arrived in Yerba Buena, now San Francisco, with 230 Mormons under the leadership of 26-year-old Prophet Samuel Brannan. He was to meet other Saints who were crossing the country from Illinois.  
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/ 
1996/07/26/MN64895.DTL 
    1849 - Revolutionizing warfare, Benjamin Chambers, Sr., obtained a patent for a “Breech-loading cannon.” It was the most successful and simple operation, which he called “an improvement in movable breeches for fire-arms and the locks and appurtenances of the same.” His wooden model was discovered in an old smithy and became part of the collection of the Virginia Historical Society.     
    1867 – S.S. Kresge (d. 1966) was born in Allentown, PA.  He created and owned two chains of department stores, the S.S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain. The discounter was renamed the Kmart Corporation in 1977 and was merged into today's Sears Holdings Corporation, parent of Kmart and Sears.  
    1912 - Birthday of Milton Friedman (d. 2006), a Nobel Price-winning economist, teacher, and author, was born at Brooklyn, NY.  In 1946, he became a professor of economics at the University of Chicago, where he did some of his best-known work. The Chicago School, of which he was a member with like-minded scholars, promulgated influential free-market theories.  Friedman challenged what he later called "naïve Keynesian" theory with his 1950s interpretations of the consumption function. In the 1960s, he became the main advocate opposing Keynesian government policies and described his approach (along with mainstream economics) as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions.  He theorized that there existed a “natural rate of unemployment” and argued that employment above this rate would cause inflation to accelerate.  Friedman was an advisor to President Ronald Reagan and British Prime Minister Margaret Thatcher.  His political philosophy extolled the virtues of a free market economic system with minimal intervention.     
    1918 - Pianist Hank Jones (d. 2010) birthday, Vicksburg, MS. 
http://www.npr.org/programs/jazzprofiles/archive/jones_h.html 
http://www.jazzradio.org/hank.htm 
    1919 – “The Cowboy,” Curt Gowdy (d. 2006), was born in Green River, WY.  Gowdy is known as the longtime voice of the Boston Red Sox and for his coverage of many nationally televised sporting events, primarily for NBC Sports in the 1960s and 1970s.  Gowdy called Ted Williams’ final at-bat where he hit a home run into the bullpen in right-center field off Jack Fisher of Baltimore; Tony Conigliaro’s home run in his first at-bat at Fenway Park on April 17, 1964 at the age of 19; beginning in 1960, he covered the first five seasons of the American Football League with broadcast partner Paul Chrisman; Super Bowl I; the AFL’s infamous “Heidi” game in 1968, and (after the 1968 pro football season), Super Bowl III in which Joe Namath and the New York Jets defeated the heavily-favored NFL champion Baltimore Colts. In 1971, Gowdy's telecast on NBC caused many a Christmas dinner to be delayed as the country locked in that Christmas Day to the longest game in pro football history, when the Miami Dolphins defeated the Kansas City Chiefs 27-24 in the final game at Kansas City's Municipal Stadium. He also covered Franco Harris’ Immaculate Reception" of 1972; Clarence Davis’ miraculous catch in a "sea of hands" from Oakland Raiders QB Ken Stabler to defeat the Dolphins in the final seconds of a legendary 1974 AFC playoff game, and Hank Aaron’s 715th home run in 1974 that broke Babe Ruth’s long-time career home run record. 
    1921 - Birthday of Whitney Young (d. 1971), former Executive Director of the National Urban League, in Shelby County, KY. 
http://blackhistory.eb.com/micro/650/67.html  
    1930 – “The Shadow” Radio premiere.  “Who knows what evil lurks in the hearts of men? The Shadow Knows.” The popular crime and suspense program premiered on CBS radio.  Originally, the Shadow was just the narrator of the changing stories, but later he became a character with his own adventures—with the alter ego of Lamont Cranston. Orson Welles was the first Shadow. 
    1931 - Birthday of great guitarist Kenny Burrell, Detroit, MI. 
http://www.hopper-management.com/kb_bio_e.htm. 
    1932 – The “mistake by the lake,” Cleveland’s Municipal Stadium, opened as a crowd in excess of 80,000 watched the Indians lose to the Philadelphia A’s, 1-0. 
    1941 - Under instructions from Hitler, Nazi official Hermann Goring, ordered SS General Heydrich to "submit to me as soon as possible a general plan of the administrative material and financial measures necessary for carrying out the desired Final Solution of the Jewish question."  Heydrich was killed in action in 1942.  Göring was convicted of war crimes and crimes against humanity at the Nuremberg trials. He was sentenced to death by hanging but committed suicide the night before the sentence was to be carried out.  
    1942 - Harry James Band with Helen Forrest cut “I’ve Heard that Song Before.” All phonographs are banned the next day due to the war until 1945. 
    1943 - KISTERS, GERRY H., Medal of Honor  
Rank and organization: Second Lieutenant (then Sergeant), U.S. Army, 2d Armored Division. Place and date: Near Gagliano, Sicily, 31 July 1943. Entered service at: Bloomington, Ind. Birth: Salt Lake City, Utah. G.O. No.: 13, 18 February 1944. Citation: On 31 July 1943, near Gagliano, Sicily, a detachment of 1 officer and 9 enlisted men, including Sgt. Kisters, advancing ahead of the leading elements of U.S. troops to fill a large crater in the only available vehicle route through Gagliano, was taken under fire by 2 enemy machineguns. Sgt. Kisters and the officer, unaided and in the face of intense small arms fire, advanced on the nearest machinegun emplacement and succeeded in capturing the gun and its crew of 4. Although the greater part of the remaining small arms fire was now directed on the captured machinegun position, Sgt. Kisters voluntarily advanced alone toward the second gun emplacement. While creeping forward, he was struck 5 times by enemy bullets, receiving wounds in both legs and his right arm. Despite the wounds, he continued to advance on the enemy, and captured the second machinegun after killing 3 of its crew and forcing the fourth member to flee. The courage of this soldier and his unhesitating willingness to sacrifice his life, if necessary, served as an inspiration to the command.  
    1944 - Sherry Lansing was born Sherry Lee Duhl in Chicago.  After a brief acting and writing career – she was head script writer at MGM for “The China Syndrome” and “Kramer vs. Kramer” – then vice-president of production at Columbia Pictures. She then became the first woman to be placed in charge of production at a major film studio, and on Jan 2, 1980, she became president of production at Twentieth Century Fox. She held office until 2004.  Her mother fled Nazi Germany and raised her and her sister by working in real estate. 
http://centerstage.net/theatre/whoswho/SherryLansing.html 
http://www.ucop.edu/regents/regbios/lansing.htm 
http://www.lukeford.net/profiles/profiles/sherry_lansing.htm 
   1945 - Birthday of singer Gary Lewis, born Gary Harold Lee Levitch, Los Angeles.  Son of actor/comedian, writer Jerry Lewis and Patti Lewis, the former Esther Calonico.  His band, Gary Lewis and the Playboys had a number 1 hit, “This Diamond Ring” in 1965.  
http://www.members.aol.com/oldies1/lewis.htm 
http://www.tsimon.com/lewis.htm
    1948 - New York's International Airport at Idlewild Field was dedicated by President Harry S. Truman. It was later renamed John F. Kennedy International Airport. 
     
    1951 - Evonne Goolagong was born Griffith, New South Wales, Australia.   Outstanding Australian aborigine (First People) tennis player who won Wimbledon 1971 and 1980 and was named AP woman athlete of the year in 1971. 
http://www.abc.net.au/btn/australians/goolagon.htm  
http://www.hickoksports.com/biograph/goolagonge.shtml  
http://www.teachers.ash.org.au/thwaites/goolag.htm  
http://www.tennisfame.org/enshrinees/evonne_goolagong.html 
    1952 - Faye Marder Kellerman birthday, St. Louis, MO.  American novelist specializing in mysteries that feature authentic Orthodox Jewish life. 
http://www.amazon.com/exec/obidos/search-handle-form/103-5362656-4423850 
    1956 - Top Hits 
“The Wayward Wind” - Gogi Grant 
“Hound Dog/Don't Be Cruel” - Elvis Presley 
“Whatever Will Be Will Be (Que Sera Sera)” - Doris Day 
“I Walk the Line” - Johnny Cash 
    1960 - Elijah Muhammad, leader of Nation of Islam, calls for a black state. 
    1961 - President John F. Kennedy agreed during talks held with General Chen Cheng (July 31—Aug 1, 1961), to support Nationalist China in its bid for UN membership and oppose the admission of Communist China to the United Nations. 
    1962 – The National League rejected MLB Commissioner Ford Frick’s proposal for interleague play in 1963. 
    1963 - Wesley Snipes Birthday, born Orlando, Florida. “Blade,” “White Men Can’t Jump,” “US Marshal,” “Major League,” among several box office hits.  On April 24, 2008, Snipes was sentenced to three years in prison for willful failure to file federal income tax returns.  The US Court of Appeals affirmed Snipes’ convictions in a 35-page decision issued on July 16, 2010.  Snipes reported to prison on December 9, 2010 and he was released on April 2, 2013.   
    1964 - Top Hits 
“Rag Doll” - The 4 Seasons 
“A Hard Day's Night” - The Beatles 
“The Little Old Lady (From Pasadena)” - Jan & Dean 
“Dang Me” - Roger Miller 
    1968 - The Beatles laid down the bed tracks for "Hey Jude" during the first of a two day session in London. A 36-piece orchestra will be added tomorrow. It tops Billboard's Hot 100 singles chart for nine weeks, making it the mega group’s biggest hit. 
    1970 - Chet Huntley retires from NBC, ends "Huntley-Brinkley Report."  It was NBC’s flagship evening news program from 1956, anchored by Huntley in New York and David Brinkley in Washington, DC. It succeeded the Camel News Caravan, anchored by John Cameron Swayze. The program ran for 15 minutes at its inception but expanded to 30 minutes on September 9, 1963 exactly a week after the “CBS Evening News” with Walter Cronkite did so. 
http://www.museum.tv/archives/etv/H/htmlH/huntleychet/huntleychet.htm 
    1971 - The first astronauts to ride a vehicle on the moon were Colonel David Randolph Scott and Lieutenant Colonel James Benson Irwin, who rode the four-wheeled electric cart “Rover,” an LRV (Lunar Roving Vehicle) alongside the 1,200 foot deep canyon Hadley Hills on the moon ( Apollo 15). 
    1971 - Hamilton, Joe Frank and Reynolds had the top tune on the Cashbox Best Sellers list with "Don't Pull Your Love." Dan Hamilton, Joe Frank Carollo and Tom Reynolds enjoyed their first taste of success in 1965 with a group called The T-Bones when they scored the Top Ten hit "No Matter What Shape" that was used in Alka Seltzer commercials.  
    1971 - James Taylor scored his only Billboard number one record with the Carole King written, "You've Got a Friend." The song would go on to win the 1971 Grammy Award for Best Pop Vocal Performance, Male.  
    1972 - Thomas Eagleton, the Democratic vice-presidential candidate, withdrew from the ticket with presidential candidate George McGovern following disclosure that Eagleton had once undergone psychiatric treatment for depression. Eagleton was replaced by Sargent Shriver, who, incidentally, was the only Democratic vice-presidential nominee who did not serve in Congress at any point in his or her career. 
    1972 - Top Hits 
“Alone Again (Naturally)” - Gilbert O'Sullivan 
“Brandy (You're a Fine Girl)” - Looking Glass 
“(If Loving You is Wrong) I Don't Want to Be Right” - Luther Ingram 
“It's Gonna Take a Little Bit Longer” - Charley Pride 
    1972 - White Sox Dick Allen becomes the seventh Major Leaguer to hit two inside-the-park HRs in one game. The homers help pace the White Sox over the Twins, 8-1. 
    1974 - One of the President Nixon's main men, John Ehrlichman was sentenced to prison for his role in the break-in at the office of Daniel Ellsberg's psychiatrist. Ellsberg was the Pentagon consultant who leaked the "Pentagon Papers" (which purportedly told Americans how and why the U.S. really got into the Vietnam War). Ehrlichman also created the White House unit that was called the ‘plumbers' because it was intended to plug leaks. 
    1976 - A stationary thunderstorm produced more than ten inches of rain which funneled into the narrow Thompson River Canyon of northeastern Colorado. A wall of water six to eight feet high wreaked a twenty-five-mile path of destruction from Estes Park to Loveland killing 156 persons. The flash flood caught camper and caused extensive structural and highway damage. Ten miles of U.S. Highway 34 were totally destroyed as the river was twenty feet higher than normal at times. 
    1978 - No. 1 Billboard Pop Hit: "Miss You," The Rolling Stones. The song is the band's eighth No. 1 single. 
    1980 - Top Hits 
“It's Still Rock & Roll to Me” - Billy Joel 
“Magic” - Olivia Newton-John 
“Cupid/I've Loved You for a Long Time” - Spinners 
“Bar Room Buddies” - Merle Haggard & Clint Eastwood 
    1981 - African-American Arnette Hubbard installed as first woman president of the National Bar Association. 
http://www.nationalbar.org/about/index.shtml 
http://www.siu.edu/~oirs/Stan/walloffame.html 
    1981 - The seven-week baseball players' strike came to an end as the players and owners agreed on the issue of free agent compensation. 
    1983 – The Baseball Hall of Fame welcomed Brooks Robinson, Juan Marichal, George Kell and Walter Alston. 
    1984 - US men's gymnastics team won team gold medal at LA Summer Olympics 
http://www.nationalbar.org/about/index.shtml 
    1986 - The temperature at Little Rock, AR, soared to 112 degrees to establish an all-time record high for that location. Morrilton, AR, hit 115 degrees, and daily highs for the month at that location averaged 102 degrees. 
    1987 - The deadliest tornado in 75 years struck Edmonton, Alberta, killing 26 persons and injuring 200 others. The twister caused more than $75 million damage along its nineteen-mile path, leaving 400 families homeless. At the Evergreen Mobile Home Park, up to 200 of the 720 homes were flattened by the tornado. 
    1987 - Afternoon highs of 106 degrees at Aberdeen, SD, and 102 degrees at Ottumwa, IA, and Rapid City, SD, established records for the date. It marked the seventh straight day of 100-degree heat for Rapid City. Baltimore, MD, reported a record twenty-two days of 90-degree weather in July. Evening thunderstorms produced golf ball size hail at Lemmon, SD, and wind gusts to 80 mph at Beulah, ND. 
    1988 - Top Hits 
“Roll with It” - Steve Winwood 
“Hands to Heaven” - Breathe 
“Make Me Lose Control” - Eric Carmen 
“Don't We All Have the Right” - Ricky Van Shelton 
    1988 - Twenty-one cities in the north central U.S. reported record high temperatures for the date, including Sioux City, IA, with a reading of 107 degrees. The reading of 105 degrees at Minneapolis, MN, was their hottest since 1936. Pierre and Chamberlain, SD, with highs of 108 degrees, were just one degree shy of the hot spot in the nation, Palm Springs, CA. 
    1990 - Nolan Ryan of the Texas Rangers won the 300th game of his career, defeating the Milwaukee Brewers, 11-3. Ryan pitched in the Majors from 1966 until 1993 and finished with 324 wins. 
    1993 - Top Hits 
“Can’t Help Falling In Love (From ‘Sliver’)” - UB40 
“Whoomp! (There It Is)” - Tag Team 
“Weak”- SWV 
“I'm Gonna Be (500 Miles)” - The Proclaimers 
    1994 - The San Francisco Giants joined the battle against AIDS by staging their first “Until There's A Cure” Day at Candlestick Park. The Giants wore red ribbons sewn on their uniforms. Together with the visiting Colorado Rockies, they joined 700 Aids volunteers to form a giant human red ribbon on the field. One dollar from the price of every ticket sold went to Bay Area AIDS organizations. The Giants won the game, 9-4, behind home runs by Barry Bonds, Darryl Strawberry and Matt Williams, who hit two. 
    1994 – Steve Carlton, Leo Durocher and Phil Rizzuto were inducted into the Baseball Hall of Fame. 
    1995 - Heat Wave in Chicago, Illinois; 525 deaths attributed. 
http://www.sws.uiuc.edu/atmos/statecli/1995chicago.htm 
    1995 - Selling 331,000 copies, Selena's "Dreaming of You," her first English album, debuts at No. 1 on the Billboard chart. The slain Tejano singer becomes the first Latin artist ever to debut at No. 1. 
    1997 - In New York City, police seized five bombs believed bound for terrorist attacks on city subways. 2 potential suicide bombers were shot and wounded in an explosives laden Brooklyn apartment. Gazi Ibrahim Abu Mezer (23) and Lafi Khalil (22) were recovering from wounds. In 1998, Khalil was acquitted and Gazi Ibrahim Aby Mezer was convicted of plotting to bomb a subway station. 
    1998 - Top Hits 
“The Boy Is Mine”- Brandy 
“You're Still the One”- Shania Twain 
“My Way” - Usher 
“Adia” -Sarah McLachlan 
    1999 - The U.S. heat wave, linked to at least 94 deaths, continued. As Chicago baked in 100-degree weather, thousands of hot and sweaty residents were forced to endure the heat without air conditioning or fans, due to sporadic power outages and brownouts. 
http://hpccsun.unl.edu/nebraska/heatwave99.html 
http://www.disastercenter.com/guide/heat.html 
    2002 - A plan to sell beer outside Boston's Fenway Park is approved on a trial basis by city officials. During the 14 games, brew will be available three hours before game time to one hour after games start to game ticket holders who pass through a turnstile. 
    2012 - U.S. Olympic swimming champion Michael Phelps won a record 19th Olympic medal, with gold in the 4x200metres freestyle relay. 
    2013 - Republicans unveiled a series of bills designed to prevent government abuse, including the 'STOP IRS Act,' which would allow IRS employees to be fired when they take actions for political purposes. 
    2014 – President Barack Obama authorized air strikes against Islamic State militants for situations in which the forces appear to threaten U.S. personnel. Food drops were also carried out along the Syrian border to civilians trapped by the violence.
    2018 - Facebook discloses and removes Russian-linked network of sites attempting to interfere in American politics.
    2019 – American officials announced the death of Hazma bin Laden, son of Osama, by air strikes in Pakistan.