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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

kitmenkin@leasingnews.org
   


Friday, June 1, 2018



Today's Equipment Leasing Headlines

White House to Impose Metal Tariffs on
   Key U.S. Allies, Risking Retaliation - Chart Revisited
California Senate Passes SB 1235
   Moves on to State Assembly
New Hires/Promotions in the Leasing Business
   and Related Industries
Leasing Industry Ads---Help Wanted
   Atel Capital Group/Centra Funding
Equipment Leasing and Law
   Haiku by Paul Bent, Esq.
The Beige Book  May, 2018
  Federal Reserve Reports Expansion Continues
Top 10 OnLine Stores in the United States Chart
  Estimated eCommerce sales in the United States in 2017
Landmark Reached by Lease Corporation of America
   Celebrates 30th Anniversary
First Reformed/Let the Sunshine In
The Post/All the Money in the World/Moonrise
  Film/Digital Reviews by Leasing News' Fernando Croce
Mutt
   Austin, Texas   Adopt a Dog
The Largest Gathering of Business and Commercial Brokers
  in the United States, October 16-18, 2018, Miami, Florida
News Briefs---
Sears to close about 100 more stores
closed a total of nearly 400 stores during the past 12 months
New analysis puts Raleigh at top,
  Boston at bottom of Amazon HQ2 ranking
How the Fifth Third-MB deal could backfire
  By Joe Cahill, Crain's Chicago Business
Trudeau: NAFTA talks failed over Pence ultimatum
  Would Not Sign a "Sunset five year clause"
Facebook to build massive data center in Eagle Mountain
    nearly one million square feet in Utah
Lease accounting standard proves daunting for many
  By Michael Cohn, Accountingtoday.com

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

You May have Missed---
 Poem
  Sports Brief----
   California Nuts Brief---
   "Gimme that Wine"
     This Day in History
      SuDoku
       Daily Puzzle
        GasBuddy
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer,
it is considered a “byline.” It reflects the opinion and research of the writer.

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[headlines]

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White House to Impose Metal Tariffs on
Key U.S. Allies, Risking Retaliation - Chart Revisited

Tariffs of 25 percent on steel and 10 percent on aluminum from the European Union, Canada and Mexico, which together supply nearly half of America’s imported metal, went into effect midnight Thursday. Leasing News recently posted where U.S. Gets its Steel (not from China)

 



[headlines]
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California Senate Passes SB 1235
Moves on to State Assembly

SB 1235 is a California bill which will require some commercial lenders to disclose interest rates in some commercial loans. The disclosure will be consistent with Regulation Z in consumer transactions. Most banks disclose the APR even in commercial transactions.

The Bill in its present form:
▪ Requires disclosure for all commercial loans over $5,000. This was increased from $2,500.
▪ Commercial leasing transactions are exempt. Under the Uniform Commercial Code, this means a true lease.  So if the lender is doing 10% purchase option transactions, the lender must still disclose
▪ Loans secured by real estate are exempt.
▪ Prepayment Fees must now be disclosed.
▪ The provision relative to loans disguised as “merchant cash advances” remains in effect.
▪ Banks and open ended credit programs (similar to credit lines) are also exempt
▪ Lenders which makes 5 or less loans per year would also be exempt.
▪ Transactions over $500,000 are exempt.

Bill Analysis: PDF

 


[headlines]
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New Hires/Promotions in the Leasing Business
and Related Industries

 


Reggie Brown, Jr., was hired as District Finance Manager, Volvo Financial Services, Greater Denver Area.  Previously, he was Account Executive, Zions Bancorporation (August, 2014 - April, 2018); Financial Solutions, Allstate Capital, LLC (August, 2011 - August, 2014); National Finance Manager, LeaseProcess (May, 2004 - August, 2011); Client Services, The Harford (May, 2001 - May, 2004). Education: Colorado State University, Business Manager (1999 - 2003). Activities and Societies: Sigma Alpha Epsilon.  Horizon High School.  Business Administration and Management, General (1995 - 1999). Activities and Societies: DECA. https://www.linkedin.com/in/reggie-brown-jr-68285814/


Mark Conrad was promoted to Strategic Account Executive, GreatAmerica Financial Services, Cedar Rapids, Iowa.  He joined the firm March, 2015, as Vendor Relationship Manager. Previously, he was Independent Orthopedic Sales Representative (April, 2011 - March, 2015); Associate Territory Manager Acumed, MedSource of St. Louis (July, 2009 - August, 2011); Director, Vendor Relationship, GreatAmerica Leasing (June, 2006 - August, 2009). Education: University of Iowa, Henry B. Tippie College of Business. BA.  Business Administration, Marketing/Finance (1999 - 2002). https://www.linkedin.com/in/mark-conrad-1506a16/


Marisa Harney was promoted to lead all Credit Risk at CIT Group, New York City.  She joined CIT, November, 2016, as Chief Credit Officer. Prior, she was Chief Risk Officer, GE Capital, Americas, GE Capital (August, 2013 - June, 2016); Managing Director Risk Management Executive, Bank of America (2004 - July, 2013); Managing Director, Credit Risk Management, Credit Suisse (1997 - 2004); Director, Media and Telecom Banking, CIBC World Markets (1996 -1997); Team Leader, Media Telecom Credit Products Group, JPMorgan Chase (1985- 1996); AVP, Media Banking Group, Deutsche Bank (1980 - 1985).  Education: New York University, Stern School of Business, Master of Business Administration (MBA), Finance, General (1979 - 1980).  Fordham University, Bachelor of Science (B.S.), Finance, General (1976 - 1979). https://www.linkedin.com/in/mharney/


Jim Hines was hired as Business Development Manager to Univest Capital, Inc., Bensalem, Pennsylvania Equipment Finance Sales Team.  He began his career as Credit Supervisor, Firestone Financial, May, 1994; promoted to Sales Executive, June, 1966; promoted August, 2001, Vice President, Sales. He is a member of the American Amusement Machine Charitable Foundation. In addition, he is the president of Friends of Maynard Soccer and serves on the Maynard Recreation Commission. Education: Stonehill College, Bachelor of Science (B.S.), Business Administration and Management, General (1986 - 1990). https://www.linkedin.com/in/jim-hines/


Erica Howell was hired as Senior Director of Underwriting and Portfolio Management, Aquina, Smyrna, Georgia. Previously, she was Director of Credit Operations, CAN Capital (February, 2004 - April, 2018).  Education: University of Georgia, Terry College of Business, BBA, Real Estate (1998 - 2002).  Lassiter High School (1994 - 1998).
https://www.linkedin.com/in/erica-howell-8052a827/


Beth (Lanshe) Lewis, CLFP, was hired as Credit Analyst III, TD Equipment Finance, Inc., Cherry Hill, New Jersey. Previously, she was Franchise Finance and Bank Sales Support, BB&T Commercial Equipment Capital Corp. (November, 2013 - May, 2018). Prior she was at Olympus, hired October, 2009, as Structured Finance Specialist; promoted July, 2012, Sales Support Specialist; Documentation Specialist and Deal Closer, GE Capital (2001 - 2003); Manager, UCC and Titles, DVI Financial Services, Inc. (1998 - 2001); Area Administration Manager, PACCAR (1992 - 1998). Education: Arcadia University. Bachelors, Business Administration (1987 - 1991). https://www.linkedin.com/in/beth-lewis-clfp-4ba4ab45/


Tom Miller was hired as Director of Sales and Dealer Development, Balboa Capital, Costa Mesa, California. He is located in Knoxville, Tennessee. Previously, he was Director of Sales Industrial Division, Engs Commercial Finance (May, 2017 - April, 2018); Regional Sales Manager, TCF Equipment Finance (December, 2014 - February, 2017); Regional Sales Manager, GE Capital (March, 2005 - December, 2014); Sales Manager, Citi (2003 - 2005); Regional Sales Manager, CNH Capital (2000 - 2003); Direct Lending Sales Manager (Bank One Dayton) 1989 - 1997).  Education: University of Phoenix, Master of Business Administration (M.B.A.), Business Administration and Management, General (2008 - 2010).  Bowling Green State University, Bachelor of Business Administration (B.B.A.) (1985 - 1989). https://www.linkedin.com/in/thomasamiller1/


Kevin Plummer was hired by NationalLease, Aliso Viejo, California as National Account Executive. “He will be responsible for growing the organization’s full-service lease, contract maintenance and dedicated logistics business solutions." Previously, he was Territory Manager, Clayton Controls, Inc. (March, 2009 - April, 2018); National Account Executive, Norgen, Inc. (January, 2006 - March, 2009).  Education: California State University-Long Beach, Bachelor of Business Administration (B.B.A.), Marketing. Sigma Alpha Epsilon.  https://www.linkedin.com/in/kevin-plummer-23507b5a/   

Wahida Plummer was hired as Chief Risk Officer, CIT Group, New York City.  Prior, she was at RBS Americas, starting January, 2009, as Chief Administrative Officer, Head of RBS Americas and CEO of Citizens Financial Group; promoted January, 2012, Chief Risk Officer for Global Transaction Service, RBS Americas; promoted, June, 2012, Head of Credit Risk Oversite and Credit Quality Assurance for Americas; promoted January, 2014, Head of Central Compliance. She began her career, July, 1998, as Associate, Citi Group, Inc., Salomon Smith Barney; promoted Vice President, January, 2002; promoted Senior Vice President, Head of Credit Risk Infrastructure, CitiCapital/Commercial Markets Group; promoted May, 2005, Senior Credit Officer, Senior Vice President; promoted January, 2006, GTS, Trade Finance. Languages: English, Swahili. Education: Wharton School, University of Pennsylvania, Master of Business Administration (M.B.A.), Finance, General.  University of Maryland College Park, Bachelor of Science (B. sc.), Finance, General (1990 - 1994). https://www.linkedin.com/in/wahida-plummer-81027062/


Paul S. Young, CPA, CGMA, MBA, was hired as Chief Financial Officer, BankMobile, New York City. Previously, he was Adjunct Professor of Accounting & Finance, Caldwell University (January, 2017 - Present); Senior Vice President, Strategic Initiatives, CIT (June, 2016 - May, 2018). Prior, he was at TD Bank, starting March, 2009, as Chief Financial Officer, US Commercial Banking; promoted January, 2011, Chief Financial Officer, US Retail Banking, Mass Affluent and Wealth; promoted, January, 2013, Head of US Strategy, Corporate Development and Finance Shared Services. Prior, he was Chief Financial Officer, Corporate Finance, CIT (2005 - 2009); Senior Vice President and Controller, Siemens Financial Services (1997 - 2005). Volunteer. AICPA Business and Industry Executive Committee, AICPA (October, 2015 - Present).  Accounting Advisory Board, Rowan University (June, 2012 - Present); Americas Regional Board Member, AICPA (July, 2017 - Present). Education: Temple University, Fox School of Business and Management, Master of Business Administration (M.B.A). Activities and Societies: Beta Gamma Sigma. William Paterson University of New Jersey; Rutgers, the State University of New Jersey-Newark. Bloomfield College. Bachelor's Degree, Accounting. Duke University, the Fuqua School of Business. Advanced Management Program. https://www.linkedin.com/in/pyoungcpa/


Tom Woodcock was hired as Senior Vice President, Commercial Leasing Manager, Old Second National Bank, Aurora, Illinois. Previously, he was Vice President of Sales/General Manager, First Midwest Equipment Finance Co. (Formerly, National Machine Tool Financial Corp.); Vice President, Webster Capital Finance, Inc (January, 2012 - February, 2014); Vice President, Connext Financial, Ltd. (July, 2011 - December, 2011); Vice President, Capital One Equipment Leasing and Finance (March, 2011 - July, 2011); Vice President of business Development, Webster Capital Finance (formerly Center Capital Corporation) (January, 1997 - February, 2011); District Sales Manager, The CIT Group (January, 1996 - December, 1996); Business Development Officer, Concord Commercial (January, 1995 - January, 1996); Credit Sales Manager, Komatsu Financial (formerly KDC Financial (1989 - 1995).  Education: Loras College.  Bachelor of Arts, Finance and Management (1986 - 1989).
https://www.linkedin.com/in/tim-woodcock-6a101810/

 


[headlines]
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Leasing Industry Ads---Help Wanted
Now’s the Time to Apply

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations


   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)

www.atel.com
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries


 

 


[headlines]
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Paul Bent
Senior Managing Director
Leader, Legal Services Practice
The Alta Group, LLC
(562) 426-1000 Office
(562) 754-7744 Mobile
Skype: callpaulbent
pbent@thealtagroup.com
www.thealtagroup.com

Equipment Leasing Haiku by Paul Bent
http://www.leasingnews.org/Conscious-Top%20Stories/haiku.htm

 


[headlines]
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The Beige Book  May, 2018
Federal Reserve Reports Expansion Continues

"Overall Economic Activity
“Economic activity expanded moderately in late April and early May with few shifts in the pattern of growth. The Dallas District was an exception, where overall economic activity sped up to a solid pace. Manufacturing shifted into higher gear with more than half of the Districts reporting a pickup in industrial activity and a third of the Districts classifying activity as “strong.” Fabricated metals, heavy industrial machinery, and electronics equipment were noted as areas of strength. Rising goods production led to higher freight volumes for transportation firms. By contrast, consumer spending was soft. Non-auto retail sales growth moderated somewhat and auto sales were flat, although there was considerable variation by District and vehicle type. In banking, demand for loans ticked higher and banks reported that increased competition had led to higher deposit rates. Delinquency rates were mostly stable at low levels. Homebuilding and home sales increased modestly, on net, and nonresidential construction continued at a moderate pace. Contacts noted some concern about the uncertainty of international trade policy. Still, outlooks for near term growth were generally upbeat."

Banking and Finance
“Small to medium-sized banks in the District reported higher demand for residential mortgages, commercial mortgages, and C&I loans, but unchanged demand for consumer loans and decreased refinancing activity. Banks reported tighter credit standards for consumer loans but unchanged standards across all other categories. Loan spreads narrowed for residential mortgages and C&I loans. Widespread increases were reported in average deposit rates. Finally, bankers reported unchanged delinquency rates across all loan categories.

"For more information about District economic conditions visit: www.newyorkfed.org/data-and-statistics/regional-data-center/index.html

Full Beige Book Report --Including 12 District Individual Reports (32 pages)
https://www.federalreserve.gov/monetarypolicy/files/BeigeBook_20180530.pdf

 

 

[headlines]
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Despite its increasingly diversified business, Amazon.com remains an eCommerce company at its core – and a highly successful one. According to estimates from Statista’s ecommerceDB, a database covering more than 6,000 online stores worldwide, Amazon is by far the largest online shopping destination in the U.S. with net sales (excl. those by third party sellers) amounting to $52.8 billion in 2017.

As our chart illustrates, no company comes even close to matching Amazon’s footprint in the U.S. eCommerce landscape. Second-placed Walmart sold $14 billion worth of merchandise online last year, which is less than a third of Amazon’s haul.

The following chart shows the top 10 online stores in terms of net sales in 2017. To find out about the 1,000 largest players in the industry and to learn more about ecommerceDB, go here:
https://www.statista.com/study/54959/top-1-000-online-stores-in-the-united-states/

By Felix Richter, Statista.com

https://www.statista.com/chart/14043/top-10-online-stores-in-the-us/

 


[headlines]
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##### Press Release ############################

Landmark Reached by Lease Corporation of America
Celebrates 30th Anniversary

TROY, Mich. – Lease Corporation of America (LCA) is proud to announce the celebration of 30 years in business.


John B. Kemp, LCA’s Chief Executive Office, said, “We are pleased with and thankful for the performance of our employees over the last three decades. 

“Our slogan, ‘Financing You Can Trust,’ has not been and will never be just a tagline.”

“Additionally, I would like to thank our customers who have utilized our lending facilities almost 100,000 times.  We also have been greatly aided by our top-notch professionals and our committed and loyal shareholders.  It has been a very satisfying run.”

In 1988 LCA and its founding members saw the importance, and need, of providing businesses innovative leasing and finance programs.  LCA strives to help all clients realize their full business potential.  For 30 years LCA has been one of the top independent equipment leasing companies in the country. 

In recent years LCA has been consistently on the top 100 lease companies and top 20 independent lease companies by the Monitor, a leading industry publication.  LCA Bank Corporation (LCAB,) a wholly-owned subsidiary of LCA, has been rated as one of the top 100 banks in the U.S. by Bauer Financial two years in a row.  All this time, Mr. Kemp has been at the helm.
                                                             
Kemp further observed, “As satisfying as history has been, LCA and LCAB are enthusiastically committed and focused on the development of their future plans.  There is a great revolution taking place in the world of finance and LCA and LCAB are in a pivotal position to participate in it.  LCA and LCAB will embrace the development of meaningful change and progress.  However, they will do so without losing their firm grip on the core values acquired, learned and developed over the last 30 years.  Central to these values is a deep commitment to integrity.”

About Lease Corporation of America and LCA Bank Corporation
Based in Troy, Michigan, Lease Corporation of America (LCA) is a full-service financing company specializing in technology and industrial equipment financing.  LCA offers a multitude of leasing programs that allow companies to obtain the equipment they need now and pay for it over a fixed amount of time, freeing up working capital and credit lines.

LCA Bank Corporation, member FDIC, was founded in 2005 and is located in Park City, Utah.  LCA Bank Corporation has had a successful history of financial success.

https://www.leasecorp.com/

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


[headlines]
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Fernando's View
By Fernando F. Croce

A pair of must-see works (“First Reformed,” “Let the Sunshine In”) make for an exceptional night at the movies, while DVD releases offer engrossing dramas (“The Post,” “All the Money in the World”) and a forgotten classic (“Moonrise”).

In theaters:

First Reformed (A24): After decades in the business, acclaimed writer-director Paul Schrader (“American Gigolo”) delivers what is arguably his finest film yet with this intimate, arresting drama, which features a magnificent performance from Ethan Hawke. Hawke stars as Toller, a troubled pastor who runs a small church in upstate New York. Hanging on to his faith to deal with earthly troubles, his life is further unsettled by a brush with an anguished environmental activist. When the younger man kills himself, Toller is left to comfort his pregnant widow, Mary (Amanda Seyfried). At once disturbed and sensing a new purpose, he embarks on what might be his most dangerous mission. With a truly masterful sense of cinematic pacing and charged stillness, Schrader offers an unblinking human portrait, filled with anger and compassion.

Let the Sunshine In (Sunshine Selects): A brilliant filmmaker known for her fierce intensity, French director Claire Denis (“White Material”) lightens up with this luminous comedy, which provides a marvelous vehicle for Juliette Binoche. Binoche stars as Isabelle, a Parisian painter who, on the search for love, goes through a colorful gallery of potential boyfriends. Among them is a married banker (Xavier Beauvois), an actor (Nicolas Duvauchelle) and an artist (Alex Descas), all of whom showcase problems with commitment. Can Isabelle finally find the right connection, or is the search itself her ultimate destination? Infusing a standard romantic formula with wit, warmth and cinematic invention, Denis creates a portrait of a vivacious woman figuring out her own heart. Anchored by Binoche’s performance, this is a lovely, breezy treat. With subtitles.

On DVD: With veteran director Paul Schrader getting some of his strongest reviews for his new “First Reformed,” it’s a good time to revisit his top earlier movies. So check out Netflix for “Blue Collar” (1978), “American Gigolo” (1980), “Mishima” (1985), “Light Sleeper” (1992), and “Affliction” (1997).

On DVD:

The Post (Twentieth-Century Fox): In the tradition of such recent period films as “Lincoln” and “Bridge of Spies,” Steven Spielberg crafts another crackling view of America’s turbulent past. This time, it’s the 1970s, when freedom of the press became a hot-button issue in the face of a hostile president. Tired of living in the shadow of The New York Times, Washington Post publisher Katharine Graham (Meryl Streep) decides to leap into the forefront of newspapers with a scoop—the publishing of the Pentagon Papers, which revealed remarkable details about the Vietnam War. With the help of editor Ben Bradlee (Tom Hanks) and his tireless crew, Graham takes her fight with Richard Nixon for the truth all the way to the Supreme Court. Lightning-paced and consistently engrossing, Spielberg’s film stresses its relevancy without forgetting to entertain viewers.


All the Money in the World (Sony Pictures Entertainment): With a vigor that would shame filmmakers half his age, veteran director Ridley Scott (“Blade Runner”) faced a large-scaled production full of troubles and still managed to turn in a robust, absorbing movie. Set in 1973 and based on true-life events, the story follows the kidnapping of J.P. Getty III (Charlie Plummer), the teenage grandson of oil magnate J. Paul Getty (Christopher Plummer). With the old billionaire refusing to pay the ransom, the boy’s mother Gail (Michelle Williams) becomes desperate as the kidnappers grow more violent. Helped by Getty’s advisor Fletcher (Mark Wahlberg), she faces a ticking clock for her son’s life. Though deftly structured as a globe-trotting thriller, Scott’s triumph also functions expertly as a tragedy about human lives and money.


Moonrise (Criterion): Though cherished by movie buffs for such luminous screen romances as “Seventh Heaven” and “A Man’s Castle,” pioneering director Frank Borzage scored a late-career hit with this striking 1948 drama, which hems fascinatingly closer to the shadowy doom of film noir. Dealing with the weight of the past and the possibility of new chances, the story follows Danny (Dane Clark), the son of a hanged murderer who is tormented by the citizens of his small town. The single ray of hope in his life is his friend Gilly (Gail Russell), though, when she gets into serious trouble, it looks as if tragedy will repeat itself for Danny. Or will it? Featuring lush, complex camerawork that still impresses decades after the film first came out, Borzage’s moody gem is a forgotten classic.

[headlines]
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Mutt
Austin, Texas   Adopt a Dog

Caleb
#38609148
BREED: Mixed Breed, Medium (up to 44 lbs. fully grown)
SEX: Male
DOB: 05/21/2010
AGE: 8 years
WEIGHT: 35 pounds
COLOR: Black
LOCATION: Foster Home
ADOPTION FEE: $85.00

"Looking for a friendly fellow for your home? Consider me! I'm Caleb, a calm guy looking forward to joining my forever family. I love being petted and I'm confident and comfortable around other dogs. I have tons of love to give and many fun times ahead of me. I am visiting a volunteer, but you can meet me by sending an email to fostercare@austinhumanesociety.org so they can set up a meeting. I'd sure like to make that happen!"-- Caleb

Austin Humane Society
124 W. Anderson Lane
Austin, Texas 78752
(512) 646-7387

Hours:
Monday - Saturday 12-7
Sunday 12-5 |

 

[headlines]
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"We regret to say that we are almost sold out of exhibitor tables," Kris Roglieri, Founder of NACLB reported.

“Now is your chance to get your brand in front of hundreds of the nation's top commercial loan brokers in the country. Increase your deal flow and gain new relationships in just two days. With only 8 tables left, this is on a first come first serve basis.
 
“Not only will our exhibit halls be crowded but our exclusive networking events will serve as the perfect networking opportunity to mingle with top brokers.”

Over 800 commercial loan/ISO brokers are expected to attend to meet over 150 funders, lenders and banks, that offer multiple products to serve your clients such as: Equipment Financing, Equipment Leasing, SBA Lending, Merchant Cash Advance, Project Funding, Commercial Real Estate Lending, Fix and Flip Financing, Unsecured Lines of Credit, Alternative Financing, Asset Based Lending, Factoring, Purchase Order Financing and much, much more.

To Learn more, click here:
https://www.naclb.org/exhibitors-sponsors/

To Register:
https://www.eventbrite.com/e/naclb-2018-registration-39232925737



[headlines]
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News Briefs----

Sears to close about 100 more stores
closed a total of nearly 400 stores during the past 12 months
http://www.chicagotribune.com/business/ct-biz-sears-store-closings-0601-story.html 

New analysis puts Raleigh at top,
  Boston at bottom of Amazon HQ2 ranking
http://www.chicagobusiness.com/article/20180530/NEWS08/180539991/amazon-hq2-ranking-puts-raleigh-at-top-of-list-boston-at-bottom

How the Fifth Third-MB deal could backfire
  By Joe Cahill, Crain's Chicago Business
http://www.chicagobusiness.com/article/20180530/BLOGS10/180539996

Trudeau: NAFTA talks failed over Pence ultimatum
  Would Not Sign a "Sunset five year clause"
https://www.mercurynews.com/2018/05/31/trudeau-nafta-talks-failed-over-pence-ultimatum/

Facebook to build massive data center in Eagle Mountain
    nearly one million square feet in Utah
https://www.ksl.com/article/46330279/facebook-to-build-massive-data-center-in-eagle-mountain

Lease accounting standard proves daunting for many
  By Michael Cohn, Accountingtoday.com
https://www.accountingtoday.com/news/fasb-lease-accounting-standard-proves-daunting-for-many-companies

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations


   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)

www.atel.com
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries

 

 

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

You May Have Missed---

US-China Trade Face-Off Result of
 Skewed Understanding of Realities
http://www.fashionatingworld.com/new1-2/us-china-trade-face-off-result-of-skewed-understanding-of-realities


[headlines]
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Baseball Archeologists
By Tim Peeler

Hatley had
a catcher's big hands
and had he played
he certainly would have caught,
braced in the squat position
examining the game
from its lowest perspective
with small dark eyes
darting like flashy pencil points —
Hatley never
watched the games live,
vcr'd them,
invited the guys over
to study
inning by inning
in reverse,
the coffee table smothered
with stuffed ashtrays
and emptied crushed beer cans,
at first the speculation
heavy as late game drunkenness,
what caused the score,
the change of pitchers,
rewinding the full swings,
the perfect throws,
in three out layers,
our eyes clearing,
cig butts disappearing,
finally ending
with the first taken pitch
and the sober presentation
of the lineups —
when the national anthem sang itself we stood
the words jumping
back into our mouths.
Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com


[headlines]
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Sports Briefs---

Warriors steal game one from Cavaliers
http://www.espn.com/nba/story/_/id/23665076/an-oral-history-final-minute-regulation-2018-nba-finals-game-1-cleveland-cavaliers-golden-state-warriors


[headlines]
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California Nuts Briefs---

Economist: Bay Area, Silicon Valley boom will continue,
   but housing woes will worsen
https://www.mercurynews.com/2018/05/31/bay-area-silicon-valley-boom-will-continue-housing-woes-will-worsen-economist/

SF’s budget soars by $937 million
   and will top $11 billion for first time
https://www.sfchronicle.com/bayarea/article/SF-s-budget-soars-by-937-million-and-will-top-12955416.php

Barbara Chodos Hired as Publisher of San Diego Business Journal
http://sdbj.com/news/2018/may/30/barbara-chodos-hired-publisher-san-diego-business-/

From pumpkins to cannabis?
  Half Moon Bay debates the future of family farms
http://www.santacruzsentinel.com/article/NE/20180529/NEWS/180529680

 

[headlines]
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“Gimme that Wine”

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

Grenache is the Central Coast’s Red to Watch
http://robbreport.com/food-drink/wine/slideshow/grenache-is-the-central-coasts-red-watch/

Why You Should Be Excited About Port Wine
https://www.bloomberg.com/news/articles/2018-05-30/why-you-should-be-excited-about-port-best-2016-vintage-bottles

Violent Storms Batter Heart of Douro
https://www.thedrinksbusiness.com/2018/05/violent-storms-batter-heart-of-the-douro/

Videos from classic UC grape lectures available
http://www.westernfarmpress.com/grapes/videos-classic-uc-grape-lectures-available


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

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

[headlines]
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This Day in History

      1540 - The first settlement in America in continuous habitation is the mountain village of Acoma, NM, first settled in the 11th century by Indians from nearby Enchanted Mesa. Francisco Vaques de Coronado's army visited Acoma in the year 1540 and became the first white man to enter Sky City. He described Acoma as:  "One of the strongest ever seen because the city was built on a high rock. The ascent was so difficult that we repented climbing to the top. The houses are three and four stories high. The people are of the same type as those in the province of Cibola (Zuni) and they have abundant supplies of maize, beans and turkeys like those of New Spain."
http://www.puebloofacoma.org/index2.htm
    1586 - After a surprise raid on the village the night before, Ralph Lane and English garrison murder the Indian chief Pemisapan, behead and mutilate his corpse, announcing "Christ our Victory" as they lay siege to Dasemunkepeac. This was in retaliation to Pemisapan trying to organize the Indians against the European way of life. When Sir Walter Raleigh returns to the area, he finds the white settlement has “vanished.” They state in their journals they don't know why. Other patriot chiefs such as King Phillip, Pontiac, Tecumseh, Sitting Bull, et al, will suffer similar fates as the pattern is set. The citing of journals that follow is fascinating. The Indian population of what was to become the U.S. was about 1,000,000 when European exploration began. Pioneer groups of European colonists were small. They entered regions with sparser populations and more fluid cultures, bringing with them diseases unknown to the area, perhaps the main killer of the Indian population. In retrospect, the first decade of the seventh century was the twilight of aboriginal Indian life.
http://www.nps.gov/fora/teacher.htm
http://homepages.rootsweb.com/~jmack/algonqin/mook3.htm
    1638 - The first earthquake in the US to have been recorded and described in writing occurred at Plymouth, MA, at 2 PM. Governor William Bradford described the event in his History: “... it was very terrible for ye time; and as ye men were set talking in ye house, some women and others were without ye doors, and ye earth shooke with ye violence as they could not stand without catching hold of ye posts . . . but ye violence lasted not long. And about halfe an hower, or less, came an other noyse & shaking, but neither so loud nor strong as ye former, but quickly passed over, and so it ceased.”
    1657 – The first Quakers arrived in New Amsterdam.
    1660 - Mary Dyer, American colonial-British Quaker convert whose conscience forced her back to Boston in spite of official warnings, was arrested and hanged for teaching a religious belief other than those approved by the Puritan church leaders. While the history books state religious groups came to American to escape persecution, quite the opposite is true. They came here as missionaries to reform the American Indians and did not accept religious practices except their own. Mary Dyer was executed under the strict anti-Quaker laws enacted by the very same people who came to the "New World" for religious freedom. Dyer's hanging was not part of the witchcraft panic that gripped Salem, Massachusetts later.
http://www.geocities.com/Heartland/Valley/2822/marydyer.html
http://www.gale.com/free_resources/whm/trials/dyer.htm
    1774 – The British government ordered the closure of the Port of Boston.
    1779 - The court-martial of Benedict Arnold convenes in Philadelphia, Pennsylvania. The West Point surrender was also foiled when an American Colonel ignored Arnold's order not to fire on an approaching British ship. Arnold's defection was revealed to the Americans when British officer John André, acting as a messenger, was robbed by AWOL Americans working as pirates in the woods north of New York City. The notes revealing Arnold's traitorous agreement were stashed in his boots. Arnold and his wife Peggy, who fooled American officers into believing she had no involvement in the betrayal, escaped to New York City. At the British surrender at Yorktown, Benedict Arnold was burned in effigy and his name has since become synonymous with traitor. The British didn't treat him very well after the war either. After prevailing in a libel action, he was awarded only a nominal amount because his reputation was already so tarnished. He died in 1801 and was buried in England without military honor.
    1789 – The first congressional act, on administering oaths, became law.
    1792 - Kentucky became the 15th State of the Union. Since its name is an American Indian word for "great meadow," it is fitting that Kentucky's nickname is the Bluegrass State, and its flower is the goldenrod. The official state bird is the cardinal. The capital of Kentucky is the city of Frankfort.
    1794 - Protected by a French fleet, a large convoy of US ships carrying provisions to famine-stricken France is encountered by a British fleet under Admiral Sir Richard Howe. Although Howe defeats the French, the US convoy is able to escape safely during the heat of the battle.
    1796 - Tennessee officially became the 16th state.  Tennessee had already begun to earn its nickname, the Volunteer State, as it sent large numbers of volunteers to fight in the American Revolution. The tradition continued for the War of 1812, the Mexican War and the Civil War. The country-music capital of the world, Nashville, is also the governmental capital of Tennessee. The state's official flower is the iris, its bird, the mockingbird.
    1796 – The last of Britain's troops left the US.
    1801 - Brigham Young (1801-77), Mormon Church leader, was born at Whittingham, VT. Known as “the American Moses,” he led thousands of religious followers across 1,000 miles of wilderness to settle more than 300 towns in the West. He was survived by 17 wives and 47 children. Utah observes, as a state holiday, the anniversary of his entrance into the Salt Lake Valley, July 24, 1847.
    1808 – The first land grant university was founded, Ohio University in Athens, Ohio.
    1812 – President James Madison asks the Congress to declare war on the Great Britain.
    1813 - The U.S. Navy gained its motto as the mortally wounded commander of the U.S. frigate "Chesapeake," Captain James Lawrence (b. 1871) was heard to say, "Don't give up the ship!" during a losing battle with a British frigate "Shannon"; his ship was captured by the British frigate. Oliver Hazard Perry honored his dead friend Lawrence when he had the motto sewn onto the private battle flag flown during the Battle of Lake Erie, 10 September 1813.
    1831 – Confederate Gen. John Bell Hood (1831-79) was born in Owingsville, KY.
    1833 – John Marshall Harlan, (1833-1911) was born in Harrodsburg, KY.  He was an Associate Justice of the Supreme Court and he is best known for his role as the lone dissenter in the Civil Rights cases in 1883 and Plessy v. Ferguson (1896), which, respectively, struck down as unconstitutional federal anti-discrimination legislation and upheld southern segregation statutes. These dissents, among others, led to his nickname of "The Great Dissenter".
    1843 - Sojourner Truth (c. 1797–1883) begins her travels as an abolitionist speaker.  Truth was born Isabella Baumfree into slavery in Swartekill, New York, but escaped with her infant daughter to freedom in 1826. Her best-known speech on racial inequalities, "Ain't I a Woman?" was delivered extemporaneously in 1851 at the Ohio Women's Rights Convention.
http://www.lkwdpl.org/wihohio/trut-soj.htm
http://www.geocities.com/Athens/Oracle/9840/sojourn.html
http://www.noho.com/sojourner/
    1849 – The Territory of Minnesota was established.  Carved out of Iowa Territory, it included the current Minnesota region and most of what later became Dakota Territory east of the Missouri River.  Minnesota Territory also included portions of Wisconsin Territory that did not become part of Wisconsin, located between the Mississippi River and Wisconsin.  Governor Alexander Ramsey, a Whig, took office as the first territorial governor of what would become a state in 1858.
    1850 - "San Francisco Daily Herald" began publication. Available for viewing on microfilm at the University of California in Berkeley.
    1851 - In San Francisco, a horse-drawn omnibus, which means bus for all the people, began running between California Exchange and Mission Dolores.
    1852 - Publication of a manual of the corporation of the city of San Francisco containing a map of the city, the Declaration of Independence, the Constitution of the United States, the constitution of the state of California, the charters of the city, the revised ordinances still in force, and certain laws relating particularly to the city of San Francisco.
    1861 - John Quincy Marr of Warrenton, VA, commander of the Warrenton Rifle Guards, designated Company K of the 17th Virginia Infantry Regiment, was the first Confederate officer killed in the Civil War, in a skirmish at Fairfax Court House, VA. Marr was actually a lieutenant colonel, having been commissioned on May 2, 1861, but his letter of commission from Governor John Letcher had not been delivered to him.  This was the first land battle of the war.
    1861 – Mail exchange between the US and the Confederacy ceased.
    1862 - General Robert E. Lee was appointed commander of the Confederate Army of Northern Virginia, after Gen. Joe Johnston was injured in Seven Pines.  Slavery was abolished in all US possessions.
    1868 - The Treaty of Basque Redondo was signed, allowing the Navajos to return to their lands in Arizona and New Mexico.  A presidential commission of Samuel F. Tappan, Generals William Tecumseh Sherman, William S. Harney, Alfred H. Terry, and C. C. Augur and several prominent civilians was formed by President Andrew Johnson in 1867. The Commission negotiated with several tribes in the Plains during 1867-1868, as well as other native tribes in the Southwest. Tappan and Gen. Sherman were the two commission members who finalized the Navajo Treaty of Basque Redondo that ended the Basque Redondo reservation fiasco and gave the Navajos their native lands once again.
    1868 – The Texas Constitutional Convention formed in Austin.
    1869 – Thomas Edison patented the voting machine.
    1880 – The first pay telephone was installed.
    1890 – “The Wizard of Oz,” Frank Morgan (1890-1949), was born Francis Phillip Wuppermann in New York City.
    1890 - The first census compiled by machines, using Herman Hollerith's tabulating machine, was the 1890 census, which recorded a population of 62,979,766, announced only six weeks after processing. The United States census of 1890 showed a total of 248,253 Native Americans living in America, down from 400,764 Native Americans identified in the census of 1850.The 1890 census announced that the frontier region of the United States no longer existed, and that the Census Bureau would no longer track the westward migration of the U.S. population. Up to and including the 1880 census, the country had a frontier of settlement. By 1890, isolated bodies of settlement had broken into the unsettled area to the extent that there was hardly a frontier line.
http://en.wikipedia.org/wiki/1890_United_States_Census
    1898 - Molly Picon’s (1898-1992) birthday, born Małka Opiekun in NYC.  She was an actor and singer, the star of New York Yiddish Theater. Known as the Sweetheart of Second Avenue, she projected a light, charming character with a great sense of humor.
http://www.jwa.org/exhibits/wov/picon/index.html
http://www.jwa.org/archive/picon/mpcl.html
http://us.imdb.com/name/nm0682000/
    1899 - The annual parade of "New York's Finest" was filmed in Union Square.
http://memory.loc.gov/ammem/today/jun01.html
    1901 - The first motorcycle powered by a gasoline engine was demonstrated in a hill-climbing exhibition. It was manufactured in Springfield, MA, by George M. Hendee, who formed the Hendee Manufacturing Company, which began to market the Indian motorcycle. Previously, motorcycles had been ordinary bicycles to which motors were attached. Three motorcycles were built in 1901. The following year, production was increased to 143. The motors were made by the Aurora Machine Company, Aurora, IL, and were mounted to the motorcycle frames in Springfield.
    1903 - A strong tornado just 50 to 75 yards in width killed many persons around the Gainesville, GA cotton mill. The tornado strengthened and widened near the end of its four-mile path, killing 40 persons at New Holland, GA. A total of 104 persons were killed in the tornado.
    1906 - Women appeared at the Polo Grounds ticket windows for a Major League game for the first time. Coincidentally, new ticket-selling machines were also introduced.
    1908 - John Krohn decided to take a walk around the United States - with his wheelbarrow! He completed the walk around the perimeter of the U.S. in 357 days. He walked 9,024 miles, went through 11 pair of shoes, 112 pair of socks, five wheels for his trusty wheelbarrow and never walked on Sunday.
    1910 - The St. Louis Cardinals’ leadoff hitter, Miller Huggins, had no official at bats in six plate appearances, the first time this ever happened in Major League history. Huggins walked in his first three at-bats, hit a sacrifice fly and a sacrifice bunt in the next two, and walked with the bases loaded in the eighth inning to drive in the lead run. At the end of the season, Huggins will lead the National League with 116 walks.
    1911 - The first group life insurance policy was written for 121 employees of the Pantasote Leather Company of Passaic, NJ, by agent William J. Graham of the Equitable Life Assurance Society. Each employee was given insurance protection amounting to a year's salary and a funeral benefit of $100.
    1915 - Country singer Johnny Bond (1915-78) was born in Enville, Oklahoma. He is best known as the composer of "Hot Rod Lincoln," a hit for both Bond and Charlie Ryan in 1960, and for Commander Cody and the Lost Planet Airmen in 1971. Bond also appeared in more than 50 movies. And in the less-enlightened days of the 1950's and '60s, he wrote a series of comic songs about drunkenness, the most famous of which is "10 Little Bottles."
    1916 - Pacific Coast longshoremen strike.
    1916 – Louis Brandeis became the first Jew appointed to the US Supreme Court when the Senate confirmed his appointment.
    1917 – Hank Gowdy of the Boston Braves became the first baseball player to enlist for World War I.  He also fought in World War II.
    1919 - Birthday of singer/pianist Lafayette Leake (1919–1990), Winona, MO.
http://mp3.com/artists/78507/summary.html
http://www.artistdirect.com/music/artist/card/0,,457357,00.html
http://www.joes-corner.de/dawkins/disco/dawkins_rec82.htm
http://community-2.webtv.net/W-Media-Player/BLUESPIANOGREATS/
    1920 - WEB DuBois, civil right activist and educator, awarded Spingarn Medal.  The Spingarn Medal is awarded annually by the NAACP for outstanding achievement by an African-American.
http://or.essortment.com/springarnmedal_rlwp.htm
http://www.wlib.com/BlackHistory.htm
No. 27 here: http://or.essortment.com/springarnmedal_rlwp.htm 
    1921 - More than 300 killed in race riot in Tulsa, Oklahoma. The black community of Greenwood is destroyed by a white mob, which murdered many and burned down nearly the entire area, destroying over 1,000 homes and businesses in a 35 block area. No one was ever charged with any wrongdoing, no reparations were ever made and accounts of the riot were literally cut out of the newspaper archives as Tulsa (read "white" Tulsa) tried to erase accounts and memories of the events...
http://www.forgottenhistory.org/exhibits/tulsa.html
http://www.lib.utulsa.edu/speccoll/tulsa_race_riot.htm
    1921 - Composer and arranger Nelson Riddle (1921-85) was born in Oradell, New Jersey. Well-known as an orchestrator for such singers as Frank Sinatra and Linda Ronstadt, Riddle also had several hits under his own name, including the 1956 million seller "Lisbon Antigua" as well as his musical theme for the TV show “Route 66.”
    1922 - Birthday of Ray Knighton (d. 2003), who in 1954 founded the Medical Assistance Program (MAP International) in Chicago.
    1923 – For the first time this century a team scored in every inning.  The New York Giants beat the Philadelphia Phillies in the Baker Bowl, 22 - 8.
    1924 - Alto-Clarinet player Hal McKusick (d. 2012) born Medford, Mass.
http://www.mmguide.musicmatch.com/artist/artist.cgi?ARTISTID=
600294&TMPL=LONG#bio

http://www.fantasyjazz.com/catalog/mckusick_h_cat.html
    1924 - Birthday of drummer Herbie Lovelle (d. 2009), New York City, NY
    1925 – Lou Gehrig of the Yankees took over for Wally Pipp in the first game of what would become 2,130 consecutive games played.  This streak was the game’s longest until the Orioles’ Cal Ripken voluntarily ended his 17-year streak at 2,632 games in 1998.  Pipp had been the Yanks’ 1B since 1915 and he led the American League in HRs in 1916 and 1917.  According to the most popular version of the story, Pipp showed up that day with a severe headache, and asked the team's trainer for two aspirin.  Manager Miller Huggins noticed this, and said "Wally, take the day off. We'll try that kid Gehrig at first today and get you back in there tomorrow."
    1926 - Marilyn Monroe's (1926-62) birthday, born Norma Jean Mortensen or Baker at Los Angeles.  American actress and sex symbol of the '50s. She had an unstable childhood in a series of orphanages and foster homes. Her film career came to epitomize Hollywood glamour. In 1954, she wed Yankee legend "Jolting Joe" DiMaggio, but the marriage didn't last the year. Monroe remained fragile and insecure, tormented by the pressures of Hollywood life and the alleged affairs with the Kennedys – Jack and Robert. Her death from an overdose at Los Angeles shocked the world and remains a topic among conspiracy theorists. Among her films: “The Seven Year Itch,” “Bus Stop,” “Some Like It Hot,” “Gentlemen Prefer Blondes” and “The Misfits.”  In 1999, Monroe was ranked as the sixth-greatest female star of all time by the American Film Institute. In the decades following her death, she has often been cited as both a pop and cultural icon as well as the quintessential American sex symbol.   In 2009, TV Guide Network named her No. 1 in Film's Sexiest Women of All Time.
http://www.ellensplace.net/marilyn.html
    1926 – Andy Griffith (1926-2012) was born in Mt. Airy, NC. He was a Tony Award nominee for two roles, and gained prominence in the starring role in Elia Kazan’s film “A Face in the Crowd” (1957) before he became better known for his television roles, playing he lead character in the 1960–1968 “The Andy Griffith Show” and in the 1986–1995 “Matlock.”
    1927 – The Peace Bridge between the US and Canada opened.  At the east end of Lake Erie at the source of the Niagara River, about 12 miles upriver of Niagara Falls, it connects the Buffalo, NY and Fort Erie, Ontario, Canada.
    1934 - Singer Pat Boone’s birthday in Jacksonville, FL.   During the 1950s he was considered the second most popular singer after Elvis Presley.  Also an actor (“State Fair” and “Journey to the Center of the Earth”) and author. At his peak in the late 1950's, Boone was considered a rock 'n' roller, a sort of sanitized, parent approved alternative to Elvis Presley. The first of his more than 50 chart records came in 1955, a cover version of Fats Domino's "Ain't That a Shame." Boone's record went to number one while Domino's version made it only to number 16. Among his hits:  “April Love,” “Speedy Gonzalez,” “Love Letters in the Sand.”  Pat Boone became one of the all-time biggest selling pop singers, and from 1957 to 1960 had his own network television series. His daughter, Debby Boone, had a number one record in 1977 with "You Light Up My Life."
http://home.att.net/~boomers.fifties.pinups/page7.html
http://www.tsimon.com/boone.htm
    1934 - Heavy rain which began on December 30th led to flooding in the Los Angeles Basin area of California. Flooding claimed the lives of at least 45 persons. Walls of water and debris up to ten feet high were noted in some canyon areas. Rainfall totals ranged up to 16.29 inches at Azusa, with 8.26 inches reported in Downtown Los Angeles.
    1936 - Birthday of Sandra Scoppetone in Morristown, NJ.  Writer of mysteries featuring Lauren Laureno, Lesbian private eye who has a wonderful view of New York City. Her conversations with the natives are priceless.
http://www.imt.net/~gedison/scoppett.html
http://www.xs4all.nl/~embden11/Engels2/scoppetone.htm
http://www.amazon.com/exec/obidos/tg/detail/-/0316776483/102-7693729-8155316?v=glance
http://encarta.msn.com/text_761559994___10/Detective_Story.html
http://www.thrillingdetective.com/trivia/triv140.html
    1938 - The first issue of the comic book "Superman" appeared in newsstands throughout the country in Action Comics #1, published by National Allied publications, a corporate predecessor of DC Comics, on April 18, 1938 (cover-dated June 1938).  "Superman" was created by two Cleveland teenagers: Jerome Siegel and Joseph Shuster. Originally a newspaper comic strip, Superman was changed to a booklet format to immediate acclaim. It became a movie and one of the first television series hits. The story idea came from Jerry Siegel in a dream he had about the baby, Moses, who was abandoned by his parents in order that his life be saved. This dream prompted Siegel's creation of the ‘Man of Steel.' Artist Joe Shuster made the comic book hero come alive. The first story, in this first issue, took place on the planet, Krypton, where baby Kal-El was born. The infant was shot to Earth in a rocket just before Krypton exploded.
    1938 - Batters wore protective baseball helmets for the first time. Helmets were brought into use in a game between the Springfield Greys and the House of David in New York City.
    1938 – Morgan Freeman was born in Memphis.  Freeman has received Academy Award nominations for his performances in “Street Smart,” “Driving Miss Daisy,” “The Shawshank Redemption,” and “Invictus.”  He won the Best Supporting Actor Oscar in 2005 for “Million Dollar Baby.”  He is ranked as the 4th highest box office star with over $4.316 billion total box office gross, an average of $74.4 million per film. 
    1938 – The first televised boxing match saw Lou Nova defeat Max Baer.
    1941 – 12.59” of rain fell on Burlington, KS, the state record.
    1944 - Top Hits
Long Ago and Far Away - Helen Forrest & Dick Haymes
I'll Get By - The Harry James Orchestra (vocal: Dick Haymes)
I'll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
Straighten Up and Fly Right - King Cole Trio
    1945 – Birthday of Linda Scott, born Linda Joy Sampson in Queens.  Her biggest hit was the 1961 million-selling single, "I’ve Told Every Little Star" which reached #3.
    1947 - Guitarist Ron Wood of the Rolling Stones was born in London. A veteran of the Jeff Beck Group and Faces, Wood was chosen by the Stones to replace Mick Taylor in 1974. Wood was also a member of Keith Richards's New Barbarians, the group that shared billing with the Rolling Stones at a free concert for the blind in Oshawa, Ontario in April 1979. The concert was in lieu of a jail sentence for Richards, who had been convicted of possession of heroin.
    1949 - Subscribers to "Newsweek" magazine were offered microfilm copies of the magazine for the first time. The weekly publication cost $15 a year.
    1949 - A six day blizzard began over the Northern Rockies and the Great Plains. The storm produced the most adverse weather conditions in the history of the west.
    1950 - Birthday of singer Charlene (Charlene D’Angelo) in Hollywood, Ca.
http://www.imdb.com/name/nm0152965/
http://shopping.yahoo.com/p_charlene_artist_1927012792;_ylt=
Aigw8fFcuX290VsHKd2ruNdUvQcF;_ylu=X3oDMTBudjI1N2xwBF9z
Azg0MzkzMzAwBHNlYwNhcnRmZWF0?a=b

http://www.westword.com/extra/jukebox/bh10-17.html
    1952 - Top Hits
“Kiss of Fire” - Georgia Gibbs
“Blue Tango” - The Leroy Anderson Orchestra
“Be Anything” - Eddy Howard
“The Wild Side of Life” - Hank Thompson
    1954 – Pittsburgh Pirates scout, Clyde Sukeforth, who was Jackie Robinson’s first manager, discovered Montreal Royals outfielder Roberto Clemente.  Sukeforth was the Pirates' pitching coach on special assignment in Richmond to scout newly-demoted Dodger hurler Joe Black. Unfortunately for the Dodgers, the first thing Sukeforth saw was Clemente. As Sukeforth will later tell The Sporting News, "I saw Clemente and forgot all about Black. I arrived at the Richmond ball park just in time to see the pre-game workout. I saw Clemente throwing from the outfield and I couldn't take my eyes off him. Later in the game he was used as a pinch-hitter and I liked his swing. I started asking questions and learned he was a bonus player and would be eligible for the draft. Since the Pirates had first choice, I knew this would be our man."
    1956 - Doris Day signed a five-year recording contract with Columbia Records worth $1 million. By late June, "Whatever Will Be, Will Be (Que Sera, Sera)” entered the charts and eventually climbed to number 2 for a three week stay. 
    1957 - At the Pacific Amateur Athletic Union Meet at Stockton, CA, Don Bowden of the University of California became the first American to break the four minute mile in the time of 3 minutes 57.7 seconds.
    1957 - Sam Cooke records "You Send Me" at Radio Recorders Studio in Los Angeles. The song will rise to the top of the US chart next December and become the first of Cook's 29 Billboard Top 40 hits. 
    1959 - Johnny Horton's "The Battle of New Orleans" hits #1
    1959 - Columbia Records' "Johnny's Greatest Hits" celebrated a full year at the top of the album charts. The LP continued to stay at or near the top of the charts for several more years. The album became the album leader of all-time after 490 weeks. Johnny Mathis went on to have an LP on the charts nearly every year for over three decades.
    1960 - The popular and enigmatic British mini-series, "The Prisoner," aired for the first time in US television. Starring Patrick McGoohan as a secret agent held against his will in a remote, controlled environment known as the Village, "The Prisoner" was one of TV's most imaginative series. In both the US and England, “The Prisoner” became an instant cult series. "The Prisoner" was one of the most imaginative shows on TV, regarded by some as the finest dramatic series in TV history. Patrick McGoohan, who produced and starred in the series, also wrote and directed some episodes. In the series, McGoohan found himself in a self-contained community known as "the village" where he was referred to, not by name, but as Number 6. Number 6 realized he was a prisoner, and spent most of the series trying to escape or to learn the identity of the leader, Number 1. In the last episode, he learned that he was Number 1.
    1960 - The first parking meter enforcement division of a police department was appointed by Mayor Robert F. Wagner of New York Ci9ty. The “meter maids” underwent about two weeks of training and received salaries ranging from $3,150 to $4,830 a year. The first summons was issued on June 6, 1960.
    1960 - Top Hits
“Cathy's Clown” - The Everly Brothers
“He'll Have to Stay” - Jeanne Black
“Paper Roses” - Anita Bryant
“Please Help Me, I'm Falling” - Hank Locklin
    1961 - Experimental FM stereo is heard for the first time in the New York, Los Angeles, Chicago, and Schenectady, NY markets.
    1963 - Four weeks after it entered the Billboard chart, 17 year old Lesley Gore's "It's My Party" hit the number one spot and stayed there for 2 weeks. It was a song that was chosen for her by Quincy Jones, then a staff producer for Mercury Records, who had seen her sing for the first time just a few weeks earlier.  She became one of the youngest solo female artists in music history to top the charts. 
    1963 - 531, including NAACP Executive Secretary Roy Wilkins, arrested at a peaceful civil rights march in Jackson, Mississippi.
    1964 - The Rolling Stones arrived at JFK International Airport in New York to begin their first American tour. Their first date was at a high school stadium in Lynn, Massachusetts. The Stones also stopped in Chicago to record an EP at the Chess studios, and when they tried to hold a news conference, a riot broke out.  
    1964 - The Equal Pay Act became law. Two years before, July, 1962, the U.S. House of Representatives passed a measure requiring equal pay for equal work for women dealing in interstate commerce work, but that fall, the U.S. Senate refused to take action.
    1966 - June 1-2, White House Conference on Civil Rights with Roy Wilkins of NAACP; Whitney Young Jr. of National Urban League; Floyd McKissick & James Farmer of CORE; Martin Luther King Jr. of SCLC; Stokely Carmichael of SNCC ("We feel that integration is irrelevant. We have got to go after political power.").
    1967 – The Mayor-council form of government was instituted for Washington, DC
    1967 - "Sgt. Pepper's Lonely Hearts Club Band" was released by The Beatles in England. The North American release came two days later. "Sgt. Pepper's" became one of the first rock albums to be critically-acclaimed, and went on to become the number one album in the world. It spent 15 weeks at the top of the album list in the United States.  It took 700 hours over three months to record under the direction of George Martin, Britain's top pop producer. A then state-of-the-art four track recorder was used to build each song layer by layer. The cost of recording - $75,000. "Sgt Pepper's" wide range of styles and sounds and its use of electronic noises ushered in the psychedelic era. Some of its songs, such as "Lucy in the Sky with Diamonds" and "A Day in the Life" were carefully examined for hidden meanings. The album is estimated to have sold more than 15 million copies, and stayed on the Billboard chart for 113 weeks. On June 1st, 1987, 20 years to the day after it originally came out, the compact disc version of "Sergeant Pepper's" was released. The CD contained what some might consider a bonus - a two-second burst of laughter and gibberish which had only been available previously on European versions of the album, and a high frequency note at the end of the LP audible only to dogs.
    1968 - Simon and Garfunkel reached the top of the US charts with "Mrs. Robinson," a song featured in the soundtrack of the film "The Graduate." The song won a Grammy Award for the Best Contemporary Pop Performance by a Vocal Duo or Group.
    1968 - Top Hits
“Mrs. Robinson” - Simon & Garfunkel
“The Good, the Bad and the Ugly” - Hugo Montenegro
“Yummy Yummy Yummy” - Ohio Express
“Honey” - Bobby Goldsboro
    1970 – MLB Commissioner Bowie Kuhn reprimanded Houston Astro Jim Bouton for writing "Ball Four."  Bouton could not contain his laughter on the way to the bank.
     1971 - CBS-TV airs what would be the last “The Ed Sullivan Show,” featuring guest performer Gladys Knight. The show would be canceled the next day, having run an astonishing 23 years.  It wasn’t Sunday night without “The Ed Sullivan Show.”
    1973 - The James Bond thriller, "Live and Let Die" opens. The movie features the title track by Paul McCartney and Wings.
    1974 - Heimlich Maneuver introduced: the June issue of the journal Emergency Medicine published an article by Dr. Henry Heimlich, outlining a better method of aiding choking victims. Instead of prevailing method of backslaps (which merely pushed foreign objects further into the airways), Dr. Heimlich advocated “subdiaphragmatic pressure” to force objects out. Three months later the method was dubbed, the “Heimlich Maneuver” by the Journal of the American Medical Association.
    1974 - Birthday of Alanis Morissette, Ottawa, Ontario
http://www.alanis-morissette.com/biography.html
http://www.alanis.com/socalledchaos/socalledchaos.html
http://www.canehdian.com/artistlinks/artists/alanis.html
    1974 - Arab oil ministers decided to end most restrictions on exports of oil to the United States but continued the embargo against the Netherlands, Portugal, South Africa, and Rhodesia
    1975 - Nolan Ryan of the California Angels threw his fourth career no-hitter game with a 1-0 win over the Baltimore Orioles. As a result, Ryan tied the Major League baseball no-hit record.  For his career, Ryan threw seven, still the Major League record.
    1976 - Top Hits
“Love Hangover” - Diana Ross
“Get Up and Boogie (That's Right)” - Silver Convention
“Misty Blue” - Dorthy Moore
“One Piece at a Time” - Johnny Cash
    1977 - 28 year old Long Island native, Billy Joel, wraps up a four month tour of the US by appearing at Carnegie Hall in New York.
    1979 - The temperature at Maybell, CO plunged to 60 degrees below zero to tie the state record set back in 1951 at Taylor Park
    1979 – The Seattle Supersonics defeated the Washington Bullets for the NBA title.
    1980 - CNN debuted, the Cable News Network, TV's first all-news services went on air.
    1980 – The 7,000th HR in Dodgers history was hit by Steve Garvey.
    1980 - A man from Falmouth, ME was struck by lightning, restoring his eyesight. The man had been blind and partially deaf since a truck accident in 1971
    1984 - Top Hits
“Let's Hear It for the Boy” - Deniece Williams
“Time After Time” - Cyndi Lauper
“Oh Sherrie” - Steve Perry
“As Long as I'm Rockin' with You” - John Conlee
    1987 – Phil Niekro pitched the Cleveland Indians to a 9-6 victory over the Detroit Tigers to put himself and his brother Joe into the lead as the winningest brothers in Major League history. Their 530 combined victories surpassed Gaylord and Jim Perry. The Niekros ended their careers with 539 wins, 318 by Phil and 221 by Joe, and Phil was elected to the Baseball Hall of Fame in 1997.
    1987 - A winter storm brought rain and snow and high winds to the Southern and Middle Atlantic Coast Region. The storm, which occurred in a period of unusually high astronomical tides, produced a tide of 9.4 feet at Myrtle Beach, SC (their highest since Hurricane Hazel in 1954) which caused a total of 25 million dollars damage in South Carolina.
    1989 - Thunderstorms developing during the afternoon over the Southern Plains Region produced severe weather through the evening and the night, spawning nine tornadoes. Thunderstorms produced wind gusts to 80 mph at Alpine TX, and baseball size hail at Balmorhea, TX, Fluvanna, TX, and in Borden County, TX
    1990 - U.S. President George Bush and Soviet President Mikhail Gorbachev signed a bilateral agreement to stop producing chemical arms and to begin destroying stocks by the end of 1992.
    1995 - Joe Garagiola Jr. is named as the Arizona Diamondbacks first general manager.
    1997 - Canadian sprinter Donovan Bailey won a special 150-meter match race against American Michael Johnson to reassert his claim to the title of the “World's Faster Human.” After Bailey had won the 100 meters at the 1996 Summer Olympics and Johnson had won the 200 meters and the 400 meters, the two engaged in a nasty bragging-rights battle. This special race was supposed to put an end to their flap. But the race in Toronto proved inconclusive as Johnson, well behind at the halfway point, pulled up short, claiming that he had injured his left quadriceps.
    1997 - The San Francisco domestic partners ordnance became law.
    1997 - Heavy precipitation fell from December 26, 1996 to January 3, 1997 in much of the west. In the California Sierra Nevada, the Truckee River reached its highest level on record. Lake Tahoe reached its highest level since 1917. Sacramento was spared the worst of the flooding by a system of levees, although many nearby towns were not so fortunate. Numerous levee breaches and breaks occurred across the state. Approximately 16,000 residences were damaged or destroyed. State officials estimated at least $1.6 billion in damages to private and public property.
    1999 - A major blizzard struck portions of the Midwest on January 1-3, 1999. The storm produced 22 inches of snow in Chicago and was rated by the NWS as the second worst blizzard of the 20th century, ranking behind the blizzard in January 1967. Estimates of losses and recovery costs are between $0.3 and $0.4 billion with 73 dead as a result of the blizzard.
    2004 - Oklahoma state prosecutors sentenced Oklahoma City bombing co-conspirator Terry Nichols to 161 consecutive life terms without the possibility of a parole.
    2005 - The longest oil/natural gas explosion in the Houston, Texas area occurred in Crosby, Texas. The drill was owned by the Louisiana Oil and Gas Company.
    2007 - Jack Kevorkian was released from prison after serving eight years of his 10-25 year prison term for second-degree murder in the 1998 death of Thomas Youk, 52, of Oakland County, Michigan.
    2008 - A fire at the backlot of Universal Studios Hollywood destroyed several icons from movies, such as Courthouse Square, the clock tower from Back to the Future, and the King Kong exhibit on the studio tour.
    2009 - General Motors filed for chapter 11 bankruptcy. It is the fourth largest United States bankruptcy in history.  It emerged with two new major shareholders, the US government and the United Autoworkers.
    2011 - A rare tornado occurred in New England as a strong F3 tornado struck Springfield, MA, killing four people.
    2012 – Johan Santana threw the first no-hitter in the 50-year history of the New York Mets when he defeats the Cardinals, 8 - 0.
     
NBA Champions
    1979 – Seattle Supersonics
Stanley Cup Champions
    1992 - Pittsburgh Penguins

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Top Stories

(chronological order)

- CLFP Foundation Adds 38 Members
- Companies with 2 or More CLFP’s/Associate
- Leasing Broker in Massachusetts Sentenced
- 30th Annual ELFA National Funding Conference
- Types of Fraud
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- Vendors’ Number One Problem, Not the Applicant
- My Personal Experience with Facebook
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    Equipment Finance and Leasing Industry
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   Interest Rate Disclosure Commercial Loans, MCA, Capital Leasing
- Leasing is Not Dead Plus Ten Reasons to Lease Equipment
- “Do” Diligence on New Vendors
- The CLFP Foundation Adds 19 Members
- Attorney Barry Marks, CLFP
   Thoughts Upon Returning from NEFA Conference
- Advanced Execution of Acceptance Certificates
- Accounting Changes Happening this Year
- Alert: Section179.0rg:Trojan Horse or Very Clever Advertising?
- Neuman Finance Leases Space in Philadelphia
- Verhelle Forms New Company, Registering in California
Highlights Marlin Business Service's 10K
- Where is the Franchise Market Going?
- Will Your Company be the Next Victim?
    A Disturbing New Trend in Fraud
- Top Nine Leasing Company Websites in North America
- GoCapital Files Chapter 11
- California Federal Court Approves Northern Leasing
     Class Action Settlement for $5 Million
- No Surprise, Bank of the Ozarks Closing Leasing Division
- Used Equipment Takes Major Advance in 2018 Tax Laws
- GoFundMe for John McManigal Exceeds $100,000
- Direct Capital Chairman Wants Back in Leasing?
- Deborah Monosson Leasing Person of the Year 2017
- Airplane Travel Card Deadline Extended
- Section 179 Increases to $1 Million Retroactive to 9/27/2017
  Bonus Depreciation Extended through 2027
- Chairman and CEO LEAF Commercial Capital
   House up for Sale in Pennsylvania
- $50 Million Ponzi Scheme in San Jose, California
- Who Works the Most Hours Every Year?
- Deborah Monosson Leasing Person of the Year 2017
- Airplane Travel Card Deadline Extended
- Section 179 Increases to $1 Million Retroactive to 9/27/2017
   Bonus Depreciation Extended through 2027
- Lesley Farmer, KLC Finance, A Top Woman in Finance
    Selected by Finance & Commerce
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- Are you an Equipment Leasing’s version of Blockbuster Video?
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- Tips for Obtaining Financing - Despite Challenged Credit
- Four Types of Interim Rent
- Is Competition Dying in the Canadian Equipment Finance Market
- Hours to Pay Monthly Mortgage in United States
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- More Changes at Bank of the West
- 10 year Chief Sales Officer Leaves Marlin with over $750,000
- The Complaint Process for Leasing and Finance Associations
- Top Nine Leasing Company Websites in North America
- Ascentium Capital Class Action Suit Settled?
- Don't Fear the Unsubscribe
- Pine River to Shut $1 Billion Flagship Hedge Fund
- Alleged $11.5 Million Lease Fraud in Canada
- What's Ahead for Fleet Lessors?
- State Licensing and Usury Laws:
   An Updated Overview of a Few Troublesome States
- Shopko-Balboa Capital Summary Judgement Denied
- LEAF "All-Cash Acquisition"
- Violating California Lender’s License Law?
   This May Prevent You from Being Licensed in the Future
- New Jersey Appeals Court Vacates $1.5 Million
  Attorneys’ Fees Award in Equipment Leasing Dispute
- National Do Not Call Registrys
- Solar Financing Firms
   Working with Third Party Originators
- Referral, Recommendations, Questions, Complaints
- Filing a Complaint Against a Finance or Leasing Company
   in the State of California
- Credit Bureaus Erasing Negative Info
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- Your Photograph on LinkedIn.com
Use a Password Generator
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- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
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- Settlement Costs vs. Litigation Costs