Wednesday, June 21, 2017
Today's Equipment Leasing Headlines
Companies who notify lessee in advance of lease expiration
Evergreen Policy Update
Twelve Attorneys Against Evergreen Abuse
Updated
Looking for New Employment or Career Change
Post a Free "Position Wanted"
Sales Makes it Happen by Steve Chriest
Rethinking Customer Loyalty
Leasing News The List - May, 2017
The Good, the Bad, and the Ugly
Amazon Also Finances Its Product Providers
Tops $1 Billion in Small Business Lending in 12 months
TV Reviews by Kit Menkin
“Family Feud”
Boxer
Phoenix, Arizona
Leasing News Classified Ads
Marketing
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Marketplace Lending Is In Goldman’s ‘Wheelhouse”…
"has lent more than $1 billion, $2 Billion is 2017 Goal"
Tim Cook to Donald Trump: Coding a School Requirement
Tech workers ‘nervous’ about immigration
This is big: Uber drivers can accept e-tips
with an in-app tipping feature, matching Lyft
Trucker Path obtains $30 million in debt financing
carriers get paid immediately one-time flat rate no hidden fees
James Fitzgerald, VP of CIT Credit & Leasing
and World War II veteran, dies Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
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www.evergreenleasingnews.org
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[headlines]
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Companies who notify lessee in advance of lease expiration
Evergreen Policy Update
These companies do not use language to confuse, perhaps to deceive, resulting in an automatic continuation for an additional twelve months of payments. They do not invoke the twelve months on a $1.00 purchase option or an Equipment Finance Agreement.
In its editorial of June 30, 2011, Leasing News recommends that the equipment lessor send a certified letter to the lessee with return receipt; however, at this time, the word of the president of the company will be accepted until proven otherwise. http://leasingnews.org/archives/Jun2011/6_30.htm#editorial
American Leasefund, Inc.
BancLease Acceptance Corporation
Bank of Ozarks Leasing
Bankers Capital
Equipment Finance
Black Rock Capital
BSB Leasing
Calfund
Capital Technology & Leasing, LLC
Cobra Capital, LLC
Dakota Financial, LLC
Direct Capital
eLease
Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
GreatAmerica Financial
Innovative Lease Services, Inc.
Lease-$mart
Madison Capital
|
Macrolease Corporation
Manufacturer's Lease Plans, Inc
Mesa Leasing
Maxim Commercial Capital
(Microfinancial)/TimePayment
National Machine Tool Financial Corporation
Navitas Lease Corp.
Northwest Leasing Company
P&L Capital Corporation
Pacifica Capital
Padco Financial Services
Park Western Leasing
Pawnee Leasing Corporation
Southern California Leasing, Inc
Specialty Funding, Albuquerque, New Mexico
Standard Professional Services, LLC
Stoddard & Associates
TEAM Funding Solutions
|
A -Accepts Broker Business | B -Requires Broker be Licensed
| C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
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Updated
Twelve Attorneys Against Evergreen Abuse
The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.
In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.
Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.
Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.
This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.
Joseph G. Bonanno, Esq., CLFP
Attorney at Law, Massachusetts
Andover Landing at Brickstone
300 Brickstone Square, Ste. 201
Andover, MA 01810
Tel: (781)328-1010
Fax: (781) 827-0866
Email: law@jgbesq.com
"Industry expert witness in litigation, numerous authored and
co-authored published articles and conducting educational
seminars. Very well-known in the industry."
Jim Coston
Coston & Coston LLC
105 W. Adams Street
Suite 1400
Chicago, Illinois 60603
(312) 205-1010
jcoston@costonlaw.com
(In 1998, he was elected to the United Association of Equipment
Leasing Board of Directors, and in 2003-04 was the first
attorney to become UAEL President, very active in his political party.)
Ronald J. Eisenberg
Schultz & Associates LLP
640 Cepi Drive, Suite A
Chesterfield, MO 63005
(636) 537-4645 x108
(636) 537-2599 (fax)
www.sl-lawyers.com
(Proven Leasing Litigator, well respected by all sides)
Ronald P. Gossett
Gossett & Gossett, P.A.
400 Seridan Street, Building I
Hollywood, Florida
954-983-2828
Fax: 954-983-2850
rongossett@gossettlaw.com
(Many cases including NorVergence, Brican, among others, a winner)
Ken Greene
Law Offices of Kenneth Charles Greene
5743 Corsa Avenue Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
Skype: 424.235.1658
kenlaw100@gmail.com
(Ken was involved in the formation of Leasing News and
represented it (pro bono) in the early days.)
Peter S. Hemar, Esq.
Hemar & Associates, Attorneys at Law
2001 Wilshire Blvd., Suite 510
Santa Monica, CA 90403
Telephone: (310) 829-1948
Fax: (310) 829-1352
phemar@hemar.com
(My firm supports the clause giving lessees advance
notice of the expiration of their contract.)
Brandon J. Mark
Attorney at Law, Admitted in Utah and Oregon
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Direct Dial 801.536.6958
Facsimile 801.536.6111
www.parsonsbehle.com
BMark@parsonsbehle.com
(His firm represents banks who buy leases, and his
clients refuse to buy these types of leases.)
Barry S. Marks
MARKS & ASSOCIATES, P.C.
Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
barry@leaselawyer.com
www.leaselawyer.com
205.251.8303
fax 278.8905 (Direct) 251.8305 (Main)
(Well-known to the leasing industry, also Alabama Poet)
Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ste. 2200
Los Angeles, CA 90071
Voice: (213) 617-6129
Fax: (213) 625-1832
Cell: (213) 268-8291
Email: tmccurnin@bkolaw.com
(Leasing News Advisor/Leasing News Legal Editor,
Well-Known top Leasing Litigator)
Frank Peretore
Chiesa Shahinian & Giantomasi
West Orange, New Jersey
http://www.csglaw.com/biographies/frank-peretore
Phone 973-530-2058
fperetore@csglaw.com
(Experienced leasing attorney, aggressive, author, active
National Equipment Finance Association, ELFA, too)
Kevin E. Trabaris, Partner
Latimer LeVay Fyock LLC
55 W Monroe St
Suite 1100
Chicago, IL 60603
Work: 312.667.1354
Cell: 847.840.4687
Email: ktrabaris@llflegal.com
llflegal.com/attorneys/kevin-trabaris
"In my career, I’ve repeatedly seen this provision misused
by unscrupulous lessors and think it’s a bad idea for both
the lessee and the lessor."
Michael J. Witt, Esq.
MICHAEL J. WITT LAW OFFICES
4342 Oakwood Lane
West Des Moines, IA 50265
Tel: (515) 657-8706
Mobile: (515) 868-1067
Fax: (515) 223-2352
email: MWitt@Witt-Legal.com
Web: www.witt-legal.com
(Former Advanta Leasing
and Wells Fargo Equipment Finance attorney)
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Looking for New Employment or Career Change
This is “free” to those looking for a new position. Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. We encourage you to add a resume without your address and telephone number, as well as a photograph.
Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.
Please send us an email to kitmenkin@leasingnews.org to post your ad.
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Sales Makes it Happen by Steve Chriest
Rethinking Customer Loyalty
Customer loyalty is a major concern for everyone in business today, perhaps because there appears to be so little loyalty among so many customers. At best, loyalty is fleeting among many customers, and at worst, it simply isn’t part of their thinking.
I am always amazed at how many books are written each year on the subject of customer loyalty. These books are written and read, I think, because we don’t want to face the reality of pervasive disloyalty in the business world. We do a good job for our customers, we treat them fairly, our pricing is competitive and we remain loyal to our customers. So why aren’t they more loyal to us?
At the risk of sounding cynical, customer loyalty really is a simple concept, and for me, can be boiled down into the following statement: Customers are loyal so long as the rewards of loyalty outweigh the rewards of disloyalty! Approached from this understanding, the challenge of gaining customer loyalty may not become easier, but surely comes into clearer focus.
To make matters more challenging, providing good service to customers today will not guarantee continued loyalty. I was shocked to discover that 80% of customers who switch vendors rate the service of their previous vendors as “satisfactory to good.” Good service is no longer good enough to guarantee customer loyalty!
Keeping customers loyal continues to be more challenging than ever for most businesspeople.
“…a former CEO to whom I reported gave me shocking advice that proved to be wise…”sometimes, you have to fire the customer…” The one involved exhibited no loyalty and merely wanted the lowest rate, despite our overwhelming evidence regarding speed of turnaround, excellent service in all phases and a consultative relationship that they took for granted. Shocked as I was, I never forgot it.”
- Ralph Mango, Associate Editor Leasing News, Volunteer
Steve Chriest is the CEO of Open Advance and author of “Selling to the E-Suite, The Proven System for Reaching and Selling Senior Executives and Business Acumen 101.” He recently re-named his company from Selling-Up. He produces video and radio blogs, as well as continuing as a columnist for Leasing News since 2005.
www.openadvance.com/contact/
925-263-2702
www.openadvance.com/
Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.html
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Leasing News The List - May, 2017
The Good, the Bad, and the Ugly
OnDeck, New York, NY (05/17) Announces Extension of $100 Million Credit Facility with SunTrust Bank http://leasingnews.org/archives/May2017/05_26.htm#ondeck
RLC Funding, Columbia, SC (05/17) New Program: Credit and Funding in just a few hours
http://leasingnews.org/archives/May2017/05_24.htm#rlc
LeaseQ, Burlington, Mass (05/17) To Double in Size Following Series A Funding, Adding 17 New Hires http://leasingnews.org/archives/May2017/05_22.htm#leaseq
Crestmark, Troy, Michigan (05/17) Acquires Florida-based Allstate Capital
http://leasingnews.org/archives/May2017/05_16.htm#crestmark
Chesswood Group Limited, Toronto, Ontario, Canada (05/17) First Quarter 2107 Results Solid Earnings Underpin Strong Growth http://leasingnews.org/archives/May2017/05_10.htm#chesswood
Ascentium Capital, Kingwood, Texas (05/17) New Developments in Ascentium Action: Texas Judge Expresses Doubt on Class Action Allegations; State Court Complaints are Filed and Balboa Capital Joined as Defendant http://leasingnews.org/archives/May2017/05_08.htm#developments
Completes Seventh Securitization, $237 million small ticket equipment securitization (05/17) http://leasingnews.org/archives/May2017/05_08.htm#7
City National Capital Finance, Orlando, Florida (05/17) City National Bank, Miami, FL, launches finance arm, planning to open seven more offices http://leasingnews.org/archives/May2017/05_05.htm#forms
Direct Capital, Portsmouth, New Hampshire (5/17) CIT Group notes DC Hits milestone: $4 billion in origination finance, over 100,000 small business customers http://leasingnews.org/archives/May2017/05_05.htm#cit
PeaPack Capital Corporation, Bedminister, New Jersey (5/17) formed by Peapack-Gladstone Financial Corporation
http://leasingnews.org/archives/May2017/05_05.htm#launches
Marlin Business Services, Mount Laurel, New Jersey (5/17) What They Didn't Divulge in their Press Release “Letter from Insider Tells Layoffs and Deals in Pipeline” http://leasingnews.org/archives/May2017/05_01.htm#marlin
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Amazon Also Finances Its Product Providers
Tops $1 Billion in Small Business Lending in 12 months
by Bob Coleman, Coleman Reports
"We created Amazon Lending to make it simple for up-and-coming small businesses to efficiently get a business loan, because we know that an infusion of capital at the right moment can put a small business on the path to even greater success," says Peeyush Nahar, Vice President for Amazon Marketplace. "Small businesses are in our DNA. Amazon is providing capital to small businesses to help them expand inventory and operations at a critical period of their growth. We understand that a small loan can go a long way."
Facts about Amazon Lending:
- In the last 12 months, Amazon has lent more than $1 billion to small businesses.
- More than 20,000 small businesses have received a loan from Amazon.
- More than 50 percent of the small businesses Amazon lends to take a second loan from Amazon.
- Amazon has issued loans to small businesses across the U.S., U.K., and Japan.
- Invited small businesses are able to apply for loans ranging from $1,000 to $750,000.
Half of the items sold on Amazon worldwide are from small businesses that offer their products through Amazon Marketplace. Many of them also choose to use Fulfillment by Amazon as a way of making their items Prime eligible. Small businesses and entrepreneurs selling on Amazon come from every state in the U.S. and from more than 130 different countries around the world. Amazon began inviting small businesses to sell on Amazon to increase selection and ensure customers could find and discover anything they wanted to buy online.
"Amazon has had a hugely positive impact on our business," says Caleb Light, Vice President of Sales for Power Practical, in Salt Lake City, Utah. "Traditional funding vehicles wouldn't support our model of direct to consumer and we needed help. Amazon stepped in and is a great partner for us. The loans from Amazon Lending enabled us to expand inventory and resulted in us having a very strong and successful 2016."
"Customers expect to be able to buy LonoLife on Amazon. The loan from Amazon Lending gave LonoLife the ability to procure bulk raw materials and packaging to build inventory to keep up with incredible customer demand," says Lawrence Holland, President of LonoLife Inc., based in Oceanside, Calif. "Amazon's willingness to provide LonoLife capital ensured that we are able to keep our products in stock and gave us the opportunity to grow our product offering."
Amazon Lending surpassed $3 billion in loans to small businesses to date since the program launched in 2011.
bob@colemanreport.com
Coleman Report
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TV Reviews by Kit Menkin
“Family Feud”
While there are "Family Feud" half-hour shows seemingly everywhere, including an app for you smartphone, on YouTube, there seem to be more shows going back several years on TV at all times of the day.
My favorite group is when Steve Harvey is the host. The first show aired on July 12, 1976 with Richard Dawson as the original host from 1976 to 1985 and 1994 to 1995.
You can see these episodes on cable TV. Dawson is perhaps best known as Corporal Peter Newkirk on the TV Show “Hogan's Heroes”
Family Feud pits two families against each other, answering survey questions for a chance to win $20,000. After 5 wins, they can win a new car. If they get three strikes, wrong answers, the other family gets a chance to steal all the points with a correct guess.
It is the survey answers and Harvey's response to the contestant who guess the answers that makes the show funny, especially at the finals where you guess how many made the same response the candidate made.
My Sue thinks I am crazy to watch it when I can’t find anything else I want to see on. But she laughs as much as I do, plus gets most of the answer right. "Let's Play!"
TV Reviews by Kit Menkin:
http://www.leasingnews.org/Conscious-Top%20Stories/tv_reviews.htm
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Boxer
Phoenix, Arizona
Sophie
Female
Two Years Old
45 lbs.
Crate Trained
Adoption Fee: $200
“Sophie was found in the Phoenix Preserve by a good samaritan. She was lying under a bush trying to cool off in the desert heat, and looking for a caring soul. From the start, Sophie has been in high spirits, playful and curious with everyone at Home Fur Good. She is a two-year-old Boxer mix weighing 45 pounds.
“Sophie is very affectionate and longs to be taken out of her kennel for an adventure. She is crate trained, knows the cues for sit and paw, and possibly she knows many more tricks; you can tell she is highly intelligent and eager to learn. Sophie is very polite in her kennel and will just wiggle for your attention.
“She is clownish and playful, keen to play or to be given a task. Sophie is extremely athletic, and daily mental and physical exercise are paramount.
“The adoption fee is $200 and includes spaying/neutering, age-appropriate vaccinations, microchipping, and a free wellness visit with our vet. Our adoption hours are Thursday-Saturday from 11:00 am-4:00 pm, and Mondays by appointment, and we are located at 10220 N. 32nd Street (just south of Shea Blvd.) in Phoenix.
“Out-of-state adoptions to surrounding states are possible; however, an in-person introduction with us and our dogs is mandatory. We offer a low-cost vaccine clinic on Sundays from 11:00 am-2:30 pm, and a low-cost dental clinic on Wednesdays by appointment. Visit our website at www.homefurgood.org for more information.”
Home Fur Good
10220 N. 32nd Street
Phoenix, AZ 85028
602-971-1334
info@homefurgood.org
Hours:
Thursday-Saturday: 11am-4pm
Sunday: 11am-4pm
PetSmart-Tatum & Shea
10825 N Tatum Blvd.
Phoenix, AZ 85028
Adopt a Pet
http://www.adoptapet.com/
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Leasing News Classified Ads
Marketing
Marketing: Generate Leads, Build Authority and Showcase your expertise with your own lease blog. Don't have the time? We do it for you. Complete turnkey blog setup and/or content only provided by leasing expert for leasing companies. Email for free evaluation
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This Day in American History
1639 – Increase Mather (d. 1723) was born in Dorchester, Massachusetts Bay Colony. A major figure in the early history of the Colony, he was a Puritan minister who was involved with the government of the Colony, the administration of Harvard College, including its presidency, and the Salem witch trials.
1731 - Martha Dandridge Custis Washington (d. 1802), wife of George Washington and the first First Lady of the US, was born at New Kent County, VA.
http://www.whitehouse.gov/history/firstladies/mw1.html
http://www.ushistory.org/valleyforge/served/martha.html
1768 – James Otis, Jr. offended the King and Parliament in a speech to the Massachusetts General Court. A lawyer, a member of the Massachusetts provincial assembly, and an early advocate of the Patriot views against British policy that led to the American Revolution, he is the one who stated, "taxation without representation is tyranny,” that became the basic Patriot position.
1788 - By a vote of 57 to 47, New Hampshire became the ninth state to ratify the Constitution. With this ratification, the Constitution became effective for all ratifying states. The fishing colony, first settled in 1623 and named in 1630 by Captain John Mason after his Hampshire, England home, was a part of the Massachusetts colony. Then, in 1679, it became a separate royal colony. Concord, the capital of the Granite State, was also central to much of the Revolutionary War. The official state bird is the purple finch, and has a matching state flower, the purple lilac.
http://www.visitnh.gov/
1821 - The African Methodist Episcopal (AME) Zion Church was formally constituted in New York City. Nineteen clergymen were present, representing six African-American churches from New York City; Philadelphia; New Haven, CT and Newark, NJ.
1850 – Daniel C. Beard (d. 1941) was born in Cincinnati. An illustrator, author, youth leader, and social reformer, he founded the Sons of Daniel Boone in 1905, which Beard later merged with the Boy Scouts of America.
1856 - John Durkee of the Committee of Vigilance led a raid on the schooner "Julia" and hijacked the muskets aboard that were destined for the militia at San Francisco. He took the arms to the Committee's headquarters on Sacramento St. State Supreme Court Justice David Smith Terry was arrested by the Committee of Vigilance for stabbing vigilante policeman Sterling A. Hopkins on Jackson St. between Dupont and Kearny. Hopkins, who was the hangman for Cora and Casey, was in serious condition. Hopkins was stabbed when he attempted to arrest a member of the militia who was testifying in court about John Durkee's seizure of arms destined for the militia.
1858 - Louisiana chess prodigy Paul Morphy arrives in Europe.
He won the first American Championship in 1857 in New York with a perfect score, and then went on to Europe, financed by his admirers, and played the best in Europe and won every match.
http://www.starfireproject.com/chess/morphy.html
http://batgirl.atspace.com/index.html
1859 - Birthday of Henry Ossawa Tanner (d. 1937), Pittsburgh, PA. He was one of the first black artists to be exhibited in galleries in the US.
http://sheldon.unl.edu/HTML/ARTIST/Tanner_H/SSIII.html
http://www.doupine.com/tanner.htm
http://www.nbmaa.org/Gallery_htmls/tanner.html
1882 – Birthday of American illustrator Rockwell Kent (d. 1971), Tarrytown Heights, New York.
http://organizations.plattsburgh.edu/museum/kentkent.htm
http://www.artcyclopedia.com/artists/kent_rockwell.html
http://www.artline.com/galleries/aaron/prints/kent/kent.html
1893 - On the first day of summer, the temperature at Dodge City, KS, soared to 106 degrees during the midst of a blistering heat wave. The heat wave initiated a severe three-year drought in the Central Plains Region. Ironically, at about the same time, heavy rains in the Mississippi Valley were causing the river to swell to its highest level of record at New Orleans, LA.
1898 – The US captured Guam from Spain. During the Spanish-American War, the U.S. Navy sent a single cruiser to capture the island, then under Spanish control since 1668. However, the Spanish garrison on the island had no knowledge of the war and no real defenses. They surrendered without resistance and the island passed into American control.
1900 – The Boxer Rebellion was an edict issued from the Empress Dowager Cixi that declared war on the United States, Britain, Germany, France and Japan. By 1900, the Qing dynasty, which had ruled China for more than two centuries, was crumbling and Chinese culture was under assault by these powerful and unfamiliar religions and secular cultures. An anti-imperialist uprising that took place in China between 1899 and 1901, towards the end of the dynasty was initiated by the Militia United in Righteousness, known in English as the Boxers, motivated by nationalist sentiments, opposition to imperialist expansion and associated Christian missionary activity. The Boxer fighters, convinced they were invulnerable to foreign weapons, converged on Beijing with the slogan "Support Qing government and exterminate the foreigners." Foreigners and Chinese Christians sought refuge. In response to reports of an armed invasion to lift the siege, the initially hesitant Empress supported the Boxers and issued the declaration of war on the foreign powers. Diplomats, foreign civilians and soldiers as well as Chinese Christians in the Legation Quarter were placed under siege by the Imperial Army of China and the Boxers for 55 days.
1918 – Steady Eddie Lopat (d. 1992) was born Edmund Walter Lopatynski in New York City. His 12-year Major League career was with several clubs but he is best remembered as the Yankees’ ‘Junk Man’ during their record-breaking run of five consecutive World Series championships, teaming with Vic Raschi, Allie Reynolds and Whitey Ford as aces of the pitching staff of Casey Stengel.
1921 – Jane Russell was born Ernestine Jane Geraldine Russell (d. 2011) in Bemidji, MN. One of Hollywood's leading sex symbols in the 1940s and 1950s, Russell moved to California where she had her first film role in 1943 in Howard Hughes’ “The Outlaw.” She later played opposite Marilyn Monroe in “Gentlemen Prefer Blondes.” In 1955 founded WAIF, the first international adoption program. Also that year with her first husband, LA Rams QB, Bob Waterfield, they formed a motion picture production company that produced for several years. Her star on the Hollywood Walk of Fame is at 6850 Hollywood Blvd.
1922 - Massacre of strikebreakers by union members began at the Southern Illinois Coal Company's strip mine near Herrin, IL. During a nationwide strike by the United Mine Workers (UMW), a group of recruited strikebreakers arrived at the mine. Fighting broke out and one striker and two strikebreakers were killed. The mine was quickly surrounded by armed UMW members. On June 22, approximately 60 strikebreakers inside the mine surrendered to union members, who marched them to a barbed wire fence and gunned them down. A few who managed to escape were hunted down and slain in a nearby cemetery. Twenty-one strikebreakers and one mine official were killed, and most of the rest were severely wounded.
http://www.geocities.com/Heartland/7847/massacre.htm
http://www.wvculture.org/history/minewars.html
http://www.prairieghosts.com/bloody_will.html
http://www.egyptianaaa.org/SI-HerrinMassacre.htm
http://www.geocities.com/apwualbany/laborhistory1920.html
1928 - Mary Pickford cut off her 18, nearly waist-length, golden curls. She had reigned in films as "America's Sweetheart" for nearly 25 years and wanted to make the transition in films to play more mature roles. At age 35, she put scissors to the tresses that locked her into her film ingénue image, and styled her hair in a more fashionable short bob. Few fans went to see her new, grown-up sound films. After only four sound films, Pickford retired from the screen, knowing that she would never be accepted by the public as anything but the little girl that she had successfully portrayed during the silent film era.
1932 - Jack Sharkey won a 15-round split decision over Max Schmelling to capture the world heavyweight championship in a fight in New York. Schmeling had won the title two years before by defeating Sharkey on a foul. Sharkey kept the title for one year before being knocked out by Primo Carnera.
1932 - Birthday of TV and movie composer Lalo Schifrin, born Boris Claudio Schifrin, Buenos Aires, Argentina. He is best known for his large body of film and TV scores since the 1950s, including the "Theme from Mission: Impossible.” He has received four Grammy Awards and six Oscar nominations. Associated with the jazz music genre, Schifrin is also noted for work with Clint Eastwood in the late 1960s, 1970s and 1980s, particularly the “Dirty Harry” films.
http://www.schifrin.com/biography.htm
1936 - Birthday of singer O.C. Smith (d. 2001), Mansfield, LA. His recording of "Little Green Apples" went to number 2 in 1968 and sold over one million records.
http://home.earthlink.net/~deankay/O.C.Smith.html
http://www.tsimon.com/ocsmith.htm
1942 - The movie "Little Tokyo, U.S.A." is released by Twentieth Century Fox. In it, the Japanese American community is portrayed as a "vast army of volunteer spies" and "blind worshippers of their Emperor," as described in the film's voice-over prologue.
1942 - Churchill receives the news of the fall of Tobruk while meeting with President Roosevelt. FDR immediately offers aid and 300 Sherman tanks and 100 self-propelled guns are immediately dispatched to North Africa. The better equipment will make a difference in the British performance at El Alamein where, on 11 November 1942, the Allies captured it after the Second Battle of El Alamein.
1942 - A Japanese submarine surfaced near the Columbia River in Oregon, firing 17 shells at nearby Ft. Stevens in one of only a handful of attacks by Japan against the US mainland, and the only military installation therein. The Japanese attack caused no damage to the fort itself, only the backstop of the post's baseball field being destroyed.
1943 - Supreme Court rules on the Hirabayashi and Yasui cases, upholding the constitutionality of the curfew and exclusion orders against Japanese- Americans.
http://www.janm.org/clasc/resources.htm
1943 - Federal troops put down race riots in Detroit, Michigan. Disorders first appeared on southern military posts where white residents clashed with northern black soldiers who failed to proffer the customary subservience. But the most severe race riots occurred in the cities: Harlem; Philadelphia; Mobile, Alabama; El Paso and Port Arthur, Texas; Springfield, Massachusetts; Hubbard, Ohio. A two-day guerrilla war between blacks and whites in Detroit during the summer of 1943 left twenty-five blacks and nine whites dead, 700 of both races injured, and $2 million property damage. The riot only ceased when six thousand troops occupied the city. Two weeks later, during the famous zoot-suit riots in Los Angeles, white servicemen terrorized the city's Mexican-American sections for four days as the city police, the Military Police, and the Shore Patrol all looked the other way. The only factor which kept violence against Japanese-Americans at such a low ebb was their forcible removal.
http://info.detnews.com/history/story/index.cfm?id=185&category=events
http://www.detnews.com/history/riot/riot2.htm
http://www.pbs.org/wgbh/amex/eleanor/peopleevents/pande10.html
http://www.yale.edu/ynhti/curriculum/units/1979/2/79.02.04.x.html
http://www.newnation.com/Archives/NNN-poll-06.html
1945 - The Battle of Okinawa ended with American grenades exploding in the background. Inside the Japanese command cave at Mabuni, the battle for Okinawa was ended when Major General Isamu Cho and Lt. General Mitsuru Ushijima killed themselves in the ceremonial rite of hara-kiri. In the long battle that had begun April 1, the American death toll reached enormous proportions by Pacific battle standards---7,613 died on land and 4,907 in the air or from kamikaze attacks. A total of 36 US warships were sunk. More than 70,000 Japanese and 80,000 civilian Okinawans died in battle. It was this event that lead President Harry Truman to authorize the atomic bomb to end the war with Japan as he realized how many Americans would be lost in the invasion of the mainland.
http://memory.loc.gov/ammem/today/jun21.html
http://www.globalsecurity.org/military/facility/okinawa-battle.htm
1948 - Top Hits
“Nature Boy” - Nat King Cole
“Toolie Oolie Doolie” - The Andrews Sisters
“You Can't Be True, Dear” - The Ken Griffin Orchestra (vocal: Jerry Wayne)
“Texarkana Baby” - Eddy Arnold
1948 - Columbia Records, Bridgeport, CT, introduced the long-playing microgroove phonograph records at the Waldorf-Astoria Hotel in New York City. CBS engineer Peter Goldmark was the inventor of the non-breakable Vinylite plastic disks, which played at a speed of 33.3 revolutions per minute. One side of a 12-inch “LP” played for 23 minutes, compared to 4 minutes for a one side of a standard 78-rpm record; 78s were quickly supplanted by the new technology. In 1952, I joined the Columbia Record Club and have been a member ever since.
1955 - Johnny Cash's first single, "Cry Cry Cry," is released.
1956 - Top Hits
“The Wayward Wind” - Gogi Grant
“I Almost Lost My Mind” - Pat Boone
“Transfusion” - Nervous Norvus
“Crazy Arms” - Ray Price
1956 - Playwright Arthur Miller, appearing before the House Committee on Un-American Activities (HUAC), refuses to betray his left-wing associates. He will appear again in 1957 and be convicted for contempt, which is overturned on appeal in 1958. John Steinbeck defends Miller in the June 1957 Esquire.
http://ocean.otr.usm.edu/~wsimkins/trial.html
1958 - Bobby Darin's "Splish Splash" enters the US record charts, where it would reach #3. Bobby would later say that the song only took him about ten minutes to write.
1962 - The Isley Brothers released "Twist and Shout" which reached number 17 on the Hot 100 and number 2 R&B, staying on the charts for 19 weeks. The song had been produced for the brothers to teach then-struggling producer Phil Spector how to produce a hit, well before he perfected the “wall of sound” for which he became famous.
1964 - James Chaney, Andrew Goodman and Michael Schwerner left Meridian, MS, at 9AM to investigate a church burning at Philadelphia, MS. They were expected back by 4 PM. When they failed to return, a search was begun. Their murdered bodies were found on Aug 4.
1964 - Jim Bunning of the Philadelphia Phillies pitched a perfect game against the New York Mets, winning, 6-0. Since Bunning had previously pitched a no-hitter for the Detroit Tigers, his effort against the Mets gave him a no-hitter in each league. Gus Triandos became the first catcher to catch a no-hitter in each league, having caught Hoyt Wilhelm’s gem against the Yankees in 1958 while with the Baltimore Orioles.
1964 - Top Hits
“Chapel of Love” - The Dixie Cups
“A World Without Love” - Peter & Gordon
“I Get Around” - The Beach Boys
“Together Again” - Buck Owens
1965 - Arthur Ashe, tennis champion, leads UCLA to NCAA tennis championship
1965 - Gary Player won the U.S. Open golf tournament to become only the fourth winner to earn all four top pro golf titles. Player, from South Africa, was the first non-American to achieve the feat. The Grand Slam of golf, incidentally, includes the U.S. Open, the British Open, the Masters and the PGA Championship. The other professional golfers who have won all four events are Ben Hogan, Jack Nicklaus, Gene Sarazen, and Tiger Woods. The winningest golfer: Sam Snead.
1966 - Summer in Haight Ashbury: Shops opening, dances every weekend, HIP merchants, Diggers. Morning Star Ranch, owned by Lou Gottlieb of the Limelighters, along with Ramon Sender, open the land (32 acres) to anyone who wants to live there.
http://www.diggers.org/homefree/hfh_int.html
http://www.ic.org/morningstar/home.html
http://www.napafest.com/limeliters.html
1967 - Solstice party in Golden Gate Park: an estimated 30-50,000 boogie.
http://www.sftoday.com/enn2/summerlove.htm
1967 - "First day of summer": New Buffalo founded near Taos, New Mexico (9 miles south of Lama).
http://www.summeroflove.org/law.html
1970 - The first Major Leaguer to make seven consecutive hits in seven times at bat in the same game was Cesar Dario Guiterrez, shortstop for the American League Detroit Tigers, who in the second game of a double header with the Cleveland Indians at Cleveland, OH, hit a single in the first, third, fifth, eighth, tenth, and twelfth innings and a double in the seventh inning, Detroit beat Cleveland, 9-8.
1970 – The largest bankruptcy in the US to that time, the Penn Central Railroad filed a bankruptcy petition under section 77. The Penn Central was created as a response to challenges faced by railroads in the late 1960s. The northeastern United States, the railroad's service area, was the most densely populated region of the U.S. While railroads elsewhere in North America drew a high percentage of their revenues from the long-distance shipment of commodities, Northeastern railroads traditionally depended on a mix of services, including passenger and commuter rail service and freight. Another significant problem was the inability of the New York Central and Pennsylvania railroads to respond to market conditions. The railroad industry at the time was heavily regulated by the Interstate Commerce Commission and was unable to change the rates it charged shippers and passengers. Therefore, reducing costs was the only way to become more profitable. Government regulation and agreements with labor unions tightly restricted what cost-cutting could take place. A merger seemed to be a promising way out of a difficult situation, thus, the Penn Central was formed with the merger of the Pennsylvania and New York Central Railroads, then the two largest in the Northeast corridor. Later other railroads were acquired. To make matters worse, management insisted on paying dividends to shareholders to create the illusion of success. The company had to borrow more and more to keep operating. The interest on the loans became an unbearable financial burden. Although the Penn Central Transportation Company was put into bankruptcy, its parent Penn Central Company survived. The coffin nails for long-haul passenger rail service were hammered as a result.
1972 - Top Hits
“The Candy Man” - Sammy Davis, Jr.
“Song Sung Blue” - Neil Diamond
“Nice to Be with You” - Gallery
“The Happiest Girl” in the Whole U.S.A. - Donna Fargo
1972 - Hurricane Agnes hit the eastern seaboard for five days, wreaking havoc across seven Atlantic Coast states. Casualties included 118 lives and 116,000 homes, leaving more than 200,000 homeless after Agnes dumped 38.1 million gallons of water over 5,000 square miles.
1972 - Billy Preston received a gold record for the instrumental hit, "Outa-Space." Preston, who played for gospel singer Mahalia Jackson, back in 1956, was also in the film "St. Louis Blues" as a piano player. He was a regular on the "Shindig" TV show in the 1960s and recorded with The Beatles on the hits "Get Back" and "Let It Be." Preston also performed at "The Concert for Bangladesh" in 1969. Many well-known artists have utilized his keyboard talents, including Sly & The Family Stone and the Rolling Stones.
1973 – In Miller v California, the Supreme Court redefined its definition of obscenity from that of “utterly without socially redeeming value” to that which lacks "serious literary, artistic, political, or scientific value," or SLAPS. This established the “Miller test” for obscenity going forward.
1975 - The Captain and Tennille's “Love Will Keep Us Together” jumped into the Number 1 slot on Billboard's record charts, and stayed there for 4 weeks.
1975 - Elton John headlines a bill at Wembley Stadium that also features the Eagles, The Beach Boys, Rufus and Joe Walsh. The crowd favorite was the Beach Boys, who played a 90-minute set.
1978 – “Evita,” a musical about the life of Argentine popular idol Eva Perón, opened in London. The music was by composer Andrew Lloyd Webber, lyrics by Tim Rice and it was directed by Harold Prince. The play was an instant hit.
1980 - Top Hits
“Funkytown” - Lipps, Inc.
“Coming Up” - Paul McCartney & Wings
“Biggest Part of Me” - Ambrosia
“One Day at a Time” - Cristy Lane
1982 - New edition of Stephen Crane's “The Red Badge of Courage” is published, restoring cuts made by his editor in 1895.
http://www.columbia.edu/ cu/libraries/indiv/rare/guides/Crane,S/navigator.html
1982 – John Hinckley was found not guilty by reason of insanity for the attempted assassination of President Ronald Reagan in 1981. He remained under institutional psychiatric care until September 10, 2016, and lives full-time at his mother's home.
1985 - Ron Howard directed his first music video. The TV star of "The Andy Griffith Show" and "Happy Days" also directed the film "Cocoon," which included "Gravity," the song used in the video. Michael Sembello, a guitarist who played on Stevie Wonder's hits between 1974 and 1979, was responsible for "Gravity."
1986 - President Ronald Reagan gives speech defending his judicial appointments. On June 17, he had announced that Warren E. Burger would retire as chief justice of the Supreme Court effective July 10. The President named Associate Justice William H. Rehnquist as Burger's successor and Antonin Scalia, of the U.S. Court of Appeals for the District of Columbia, to the Court. The changes were interpreted as a gain for conservative judicial philosophy.
1986 - Excedrin is taken off the shelf after being identified as the cause of death of two persons in the Seattle area. Both had taken Extra-Strength Excedrin capsules containing poison. Bristol-Myers, the makers of Excedrin, responded by announcing they were taking all the bottles off the shelves. The person or persons who had broken the seal and poisoned the bottles were never caught. Bristol-Myers destroyed all bottles, introducing a new seal and plastic wrapping that has become common on all over-the-counter drugs.
1987 - No. 1 Billboard Pop Hit: "I Wanna Dance with Somebody (Who Loves Me)," Whitney Houston.
1988 - Top Hits
“Together Forever” - Rick Astley
“Foolish Beat” - Debbie Gibson
“Dirty Diana” - Michael Jackson
“I Told You So” - Randy Travis
1988 - The first full day of summer was a torrid one with afternoon highs of 100 degrees or above reported from the Northern and Central Plains to the Ohio Valley. Sixty-nine cities in the north central U.S. reported record high temperatures for the date. The high of 110 degrees at Sioux Falls, SD, was an all-time record for that location. Highs of 103 degrees at Des Moines, IA, 102 degrees at Fort Wayne, IN, 109 degrees at Huron, SD, 108 degrees at Sioux City, IA, and 101 degrees at South Bend IN were records for June
1989 - Supreme Court rules it's a-ok to burn the US flag as a political expression.
http://recollectionbooks.com/siml/stan/FlagBurner.html
1992 - Tom Kite fought fellow golfers and the elements as he won the U.S. Open. Scoring records had given way to survival at Pebble Beach, California. Howling winds made the greens as hard as concrete. Kite's final-round even-par score of 72 was enough to give him a two-stroke victory over Jeff Sluman.
1995 - Microsoft and Netscape officials met at Netscape headquarters in Mountain View, Calif. Notes taken by Netscape co-founder Marc Andreessen indicate that Microsoft offered to buy a share of its rival if Netscape would stop making Navigator for the Windows market. The Andreessen notes would be used later in the U.S. government's massive antitrust case against Microsoft Corp. Microsoft founder Bill Gates was painted as the master string-puller in a no-holds-barred plan to destroy Netscape Communications Corp. when it refused to collaborate on a plot to divide the market for Internet browser software. At the time Netscape had the monopoly with almost 80% share of the marketplace. The opposite is true today.
1997 - The Women's National Basketball Association opened its inaugural season with three games. The Houston Comets beat the Cleveland Rockers, 76-56, the New York Liberty defeated the Los Angeles Sparks, 67-57, and the Sacramento Monarchs beat the Utah Starzz,70-60. Two teams, the Charlotte Sting and the Phoenix Mercury, began their season the following day with Phoenix Mercury began their season the following day with Phoenix defeating Charlotte, 76-59. Each team in the WNBA, a summer league operated by the NBA, played a 24-game schedule.
1999 - America Online announced its investment of $1.5 billion in DirecTV creator Hughes Electronics Corp. The agreement gave AOL new high-speed options and expanded ties between the world's largest Internet provider and the leading U.S. satellite TV service. A combination of AOL's Internet services and Hughes' digital TV system would help increase DirecTV's subscriber base while boosting the market for AOL's interactive TV and high-speed Internet services. DirecTV was acquired by AT&T in 2015 while AOL is a subsidiary of Verizon Communications.
1999 - The album “Millennium,” recorded by The Backstreet Boys, was certified gold.
http://www.thebackstreetboys.com/
http://www.backstreet.net/
2001 - Returning to Major Leagues after a stint with Newark Bears of the independent Atlantic League, Jose Canseco starts as the designated hitter for the White Sox. The former All Star, who has 446 career home runs (23rd all time), didn't get any offers after being released by the Angels in the spring. In 2005, his book is a “tell all” on how many players were using steroids, he and his team mate Mark McGuire, included, he claims. It turns out, following the Mitchell Report and subsequent revelations regarding such stars as Roger Clemens, Alex Rodriguez, and others, Canseco was telling the truth.
2013 – The US officially charged Edward Snowden with espionage. A computer professional, former CIA employee, and former contractor for the US government who copied and leaked classified information from the NSA in 2013 without prior authorization, his disclosures revealed numerous global surveillance programs, many run by the NSA and the Five Eyes Intelligence Alliance, with the cooperation of telecommunications companies and European governments. On June 23, he flew to Moscow where he remained until Russian authorities granted him asylum for one year, which was later extended to three years. As of 2016, he was still living in an undisclosed location in Russia while seeking asylum elsewhere. His asylum has as of January 18, 2017 been renewed for another 3 years, until 2020.
2015 - Golfer Jordan Spieth, 21 years old, wins the U.S. Open, making him the youngest to win since Bobby Jones over 90 years ago
NBA Champions:
1988 - Los Angeles Lakers
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