Monday, June 8, 2020
Today's Leasing News Headlines
Dr. Dan Geller Predicts US Being Pushed
into a Prolonged Recession
How COVID-19 is triggering Mass Layoffs
Across Startups
I just lost my job----now what?
Career Crossroads---by Emily Fitzpatrick/RII
Changes to Payroll Protection Plan
Passed both Houses, Signed by President Trump
From 1969, Mr. Rogers and the Black Policeman
on Television
Developing Strong Leaders for the Commercial
Equipment Finance and Leasing Industry
By Scott Wheeler, CLFP
Top Ten Leasing News
June 1 - June 5
Who Should Get the Next "Last Dance"
% of Respondents Sports Athlete Documentary Series
Labrador Retriever
El Sobrante, California
Post a Free Classified Job Wanted
100 Word Maximum Free Listing
News Briefs---
Unemployment Rate Would Have Been 3 Percent Higher
in May If Furloughed Were Included
A Maine factory says it will have to discard all
coronavirus swabs made during Trump's factory tour
You May have Missed---
32 Pictures that Show What White Privilege Looks Like
Some May be Viewed as Humorous, Others Quite Serious
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
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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Dr. Dan Geller Predicts US Being Pushed
into a Prolonged Recession
The stock market should not be a gauge to the economy, although it reflects what investors want to do with their cash. The cry by businesses in the news to reopen business by businesses does not reflect the polls that indicate many are not ready to eat inside restaurants, go shopping, or visit retail stores. The May unemployment numbers have come under question (see today’s “News Briefs.”)
Reflecting this are Dr. Dan Geller's findings, who has been accurate in all past examinations. He states in his most recent "Money Anxiety," that "Americans are hoarding one third of their disposable personal income (DPI) due in part by rising money anxiety, and could push the U.S. economy in to a prolonged recession if not moderated very soon:"
The Money Anxiety Index increased to 84.7 in May - an increase of 43.7 points since the beginning of the Coronavirus crisis in February of this year. The increase in money anxiety corresponds to the drastic increase in personal saving rate, which reached 33 percent in April according to the U.S. Bureau of Economic Analysis. In February of this year, when the Money Anxiety Index was half of its current level (41.0), the personal saving rate was 8.2 percent.
The strong link between higher level of money anxiety and greater savings is also evident in the enormous increase in deposit accounts throughout the banking system. Balances of liquid accounts (Checking, savings and money market) have increased by double digits since the start of the Coronavirus crisis and banks and credit unions are now using scientific models to adjust their optimal pricing position to accommodate this influx in deposit money.
"We reported about the relationship between higher money anxiety and higher savings in our paper: Dynamics of Yield Gravity and the Money Anxiety Index," said Dr. Dan Geller, founder of Analyticom LLC and co-author of the study. "We observed the same phenomenon during the 2008/2009 financial crisis and have advised the Federal Reserve and the FDIC about the risk high money anxiety presents to the U.S. financial system and the economy overall."
The unusually high level of personal saving, and the massive increase in banks and credit unions' deposits means that much of this money comes on the expense of spending and personal consumption. Since the U.S. economy is made up of 70 percent consumption, such a massive decrease in spending, due to an increase in savings, will push the U.S. economy into a recession despite improvement in the labor market.
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Unsurprisingly, many of the hardest hit startups are related to the travel and mobility industry.
Closing 45 offices, Uber has laid off 6,700 employees since mid-March. Uber CEO Dara Khosrowshahi, who was granted a $45M earnings package in 2018, announced he will also waive his $1M base salary for the remainder of the year.
www.visualcapitalist.com
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“I just lost my job----now what?”
Career Crossroads---by Emily Fitzpatrick/RII
Question: I have just lost my job! What are a few things I should do right away?
Answer: I am sorry to hear of your job loss, it is not an easy transition but try to see the “silver lining” and remain positive. Do not treat the next few weeks as time for a short vacation or to take time off to “think.”
THE VERY NEXT Business Day, accomplish at least two job-hunting tasks. Doing this will put you in the driver’s seat and you will feel a sense of control:
- Contact previous colleagues and/or clients informing them that you are in the job market
- Schedule a network meeting with ex-colleagues and/or friends; this can be accomplished over lunch or via teleconference
- Reach out to Recruiters in your Industry – your next job probably won’t come from one that is being advertised
- Update your resume and make it marketable
- Gather recommendations and letters of reference from ex-colleagues, previous bosses and clients
Build on this momentum and complete at least one of the above tasks EVERY day
In addition:
- Spend time with a mentor
- Attend job fairs to gather information regarding hiring trends
Do not forget, when discussing your situation to remain positive – no one wants to hear a Debbie Downer.
There is an exception: when speaking to your Recruiter, they need to know all aspects (positive and negative) of your situation in order to find a good long-term fit for your next career move.
If you cannot find a recruiter or you are getting frustrated, then instead of sitting around, see what is available; talk to colleagues, friends, relatives, your banker, accountant, other professional people.
While not in your profession, they may know about other job opportunities or expansions of companies with new fundings.
If you find something of interest, contact your recruiter who may be able to learn more as well as open a door for an interview.
Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
emily@riirecruit.com
Invite me to connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO
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Changes to Payroll Protection Plan
Passed both Houses, Signed by President Trump
- Businesses have been given more time to spend the money — 24 weeks instead of eight — and the ability to use more of it on non-payroll expenses while still qualifying for loan forgiveness.
- It lowers the amount that must be spent on payroll to achieve loan forgiveness to 60 percent from 75 percent.
- New borrowers now have five years to repay the loan instead of two. Existing PPP loans can be extended up to 5 years if the lender and borrower agree. The interest rate remains at 1%.
H.R. 7010 (3 pages)
http://leasingnews.org/PDF/us_bill62020.pdf
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From 1969, Mr. Rogers and the Black Policeman
on Television
In 1969, when African-American citizens in the United States were not permitted to swim in community pools alongside white people, Fred Rogers brought a African-American police officer to his television show and invited him to cool his feet with him in a small, plastic wading pool. Mr. Rogers then helped Officer Clemmons to dry his feet.
Remind you of anything? "After dinner, Jesus poured water into a basin and began to wash his disciples’ feet, drying them with the towel that was wrapped around him." (John 13:4-5).
Mr. Rogers never openly preached on his show, despite being an ordained Presbyterian minister. Yet he preached volumes in this simple act of love.
In a world where you can be anything, be a Mr. Rogers.
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Developing Strong Leaders for the Commercial
Equipment Finance and Leasing Industry
By Scott Wheeler, CLFP
The commercial equipment leasing and finance industry is quickly moving into phase two of its reaction to the Covid-19 pandemic. The first phase included deferment and forbearance agreements. Phase two will include the hard reality for many portfolios and difficult decisions for management teams, bank lines and investors. Industry veterans have projected that lessors and lenders will have a much clearer indication of the true impact of the full, and now partial, closure of the U.S. economy by mid-summer. All indications are that delinquencies and write-offs will increase for most all participants. The question remains: to what degree will individual portfolio be affected? Depending upon industries and credit qualities, some portfolios will have minor increases in delinquencies and other will have more severe, and possible devastating, deterioration.
Portfolio management has quickly become a priority. After many years of historically low delinquencies and write-offs, the industry is back to the basics in its appreciation for collection policies, equipment re-marketing expertise, and asset quality. The companies with accurate portfolio data are positioned to make stronger decisions and to present verifiable plans to their investors and bank partners. However, the reality is that some banks and investors, especially ones that have provided relatively new money to the industry, will not be inclined to weather the storm and will exit the industry. The impact of just a few departing banks and investors will affect all participants; therefore, every industry participant must have a plan "B" in the event their funding lines and/or investment dollars are decreased.
Wheeler Business Consulting is working with clients to prepare for multiple scenarios, to dissect current portfolios, and to identify possible solutions to anticipated challenges.
Wheeler Business Consulting has been engaged by a name-recognized participant in the industry to purchase portfolios in various equipment and industry niches. If your company is looking to re-balance its internal portfolio and/or sell a portion or its entire portfolio contact Scott at 410-877-0428.
Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com
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Top Ten Leasing News
June 1 - June 5
(Stories most opened by readers)
(1) Correction: Link was Broken in Early Edition
Dr. Anthony Fauci on How America Can Avoid
a Second Wave of the Coronavirus
http://leasingnews.org/archives/Jun2020/06_01.htm#1
(2) Does Insurance Cover Destruction and Loss
Due to "Civil Unrest?"
http://leasingnews.org/archives/Jun2020/06_05.htm#does
(3) New Hires/Promotions in the Leasing Business
and Related Industries
http://leasingnews.org/archives/Jun2020/06_05.htm#hires
(4) Mapped: The Wealthiest Person in
Every U.S. State in 2020
http://leasingnews.org/archives/Jun2020/06_01.htm#mapped
(5) Rick Remiker Retired Yesterday
Senior Executive Vice President, Director of Commercial Banking
http://leasingnews.org/archives/Jun2020/06_01.htm#remiker
(6) U.S Police Shootings: Blacks Disproportionately Affected
Chart by Statista
http://leasingnews.org/archives/Jun2020/06_03.htm#police
(7) Sales Make it Happen by Christopher "Kit" Menkin
"You become what you attract”
http://leasingnews.org/archives/Jun2020/06_03.htm#sales
(8) Like Trump, JFK faced riots. Here’s what he did
to stop the violence in Birmingham in 1963
http://leasingnews.org/archives/Jun2020/06_01.htm#missed
(9) Is Ten Years at Same Company too Long?
Career Crossroads---by Emily Fitzpatrick/RII
http://leasingnews.org/archives/Jun2020/06_05.htm#crossroads
(10) Wells Fargo will no longer accept auto loan applications
through independent dealerships
https://www.businessinsider.com/wells-fargo-pulls-back-on-auto-loans-to-reduce-risk-2020-6
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In the absence of live sports, ESPN’s Michael Jordan documentary “The Last Dance,” was pretty much all that sports fans in the United States and around the world had to talk about for the past two months. The 10-part series aired by ESPN (and streamed by Netflix outside the U.S.) over a span of five Sundays turned out to be a huge success, breathing new life into the dormant genre of sports documentaries.
And while Michael Jordan certainly is one-of-a-kind, both in terms of his on-court achievements and his rise to a cultural icon, all with the added salt of several off-court controversies, the U.S. sporting landscape has several other larger-than-life personas whose stories could be re-told. According to a recent Morning Consult poll, Muhammed Ali, Babe Ruth and Kobe Bryant are on top of that list, with 49, 48 and 45 percent of U.S. adults saying they’d be interested in a documentary about their lives/careers.
By Felix Richter, Statista
https://www.statista.com/chart/21911/interest-in-documentaries-about-athletes/
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Labrador Retriever
El Sobrante, California
Web
Male
1.5 years old
110 lbs.
Neutered
Web is a big lovely goofball. He is large, maybe 110 pounds and about 1.5 years old. He loves people and dogs, he has not been cat tested. He is doing great on his training, he walks well on leash. He would love to have an active family or person that wants to head out on adventures. He absolutely loves water, so if you have a pool he will be in heaven. Look at those ears, how cute is this guy?
Jelly's Place
2905 San Pablo Dam Rd
San Pablo, CA 94803
(510) 621-3493
info@jellysplace.org
http://jellysplace.org
Apply for Adoption:
https://www.shelterluv.com/matchme/adopt/JELP/Dog
DUE TO COVID-19 WE ARE CLOSED TO THE PUBLIC AND CONDUCTING ADOPTIONS BY APPOINTMENT ONLY.
TO ADOPT, SUBMIT AN ADOPTION APPLICATION ON OUR FORMS PAGE. OUR ADOPTION COUNSELOR WILL CONTACT YOU AND SCHEDULE AN APPOINTMENT IF YOUR APPLICATION IS ACCEPTED. SUBMITTING AN APPLICATION DOES NOT RESERVE A PARTICULAR PET OR GUARANTEE APPROVAL.
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Post a Free Classified Job Wanted
100 Word Maximum Free Listing
Write a free 100 word maximum classified ad. You can use a Gmail or Yahoo free email listing for responses.
Email: kitmenkin@leasingnews.org with a free 100 word maximum classified ad.
Categories:
http://leasingnews.org/Classified/Jwanted/Jwanted.htm
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This Day in History
1670 - A Virginia slavery act decreed that slaves who had become Christians before their importation were not liable to lifelong servitude. This law reflected the moral concern felt in America over the enslavement of Christians.
1697 - The husband of Hannah Duston was awarded the sum of 25 pounds (equivalent to today dollar about $10,000) for her heroic efforts, the first public award to a woman in America. On March 16 of the same year, in an attack on Haverhill, Massachusetts, Indians captured Hannah Duston and killed her baby, killing or capturing 39 others in addition. After being taken to an Indian camp, she escaped on April 29 after killing 10 Indians with a tomahawk and scalping them as proof of her deed.
1786 - The first ice cream to be made commercially was sold by Mr. Hall of 76 Chatham Street (now Park Row), New York City, who advertised its sale.
1789 - James Madison introduced twelve proposed amendments to the Constitution in the House. By 1791, ten of them were ratified by the state legislatures and became the Bill of Rights. Another was eventually ratified in 1992 to become the 27th Amendment.
1816 - Mary Lucinda Bonney’s (d. 1900) birthday, Hamilton, NY. Educator and reformer who organized and headed a successful women's school in Philadelphia as well as the Central Indian Committee which campaigned for the U.S. to honor its Indian treaties. Under her leadership, the plan to allot land to individual Indians was developed and approved by Congress.
http://www.school.eb.com/women/articles/Bonney_Mary_Lucinda.html
1851 - The "Alta" published a proposal for a citizens committee of safety following an outbreak of lawlessness and arson.
1852 - Chinese laborers on the three-story granite Parrott Building, first fireproof structure in town, went on strike in 1852, demanding more pay. Since only they could read the characters on the building's granite blocks, which had been cut, dressed, and numbered in China, they got it.
1861 - Tennessee seceded from the Union in a two to one vote in the state. (lower half of: http://memory.loc.gov/ammem/today/jun08.html )
1862 - At the Battle of Cross Keys, Virginia, Confederate forces under Gen. Stonewall Jackson saved the Army of Northern Virginian from a Union assault on the James Peninsula led by Gen. George McClellan.
1863 - Residents of Vicksburg flee into caves as General Ulysses S. Grant's army begins shelling the town.
1867 - The birthday of perhaps the greatest American architect, Frank Lloyd Wright (d. 1959), born at Richland Center, WI. In his autobiography, Wright wrote: "No house should ever be on any hill or on anything. It should be of the hill, belonging to it, so hill and house could live together each the happier for the other." http://memory.loc.gov/ammem/today/jun08.html
1869 - Ives W. McGaffey of Chicago, Illinois obtained a patent on a "sweeping machine," a light hand-powered suction device for surface cleaning. Although he did not coin the word "Vacuum Cleaner," he is credited with its invention. Melville Reuben Bissell of Grand Rapids, MI, in 1876 received a patent on a "broom action: variable pressure sweeper, responsive to different grades of floor covering. The first vacuum cleaner driven by a motor was invented by John S. Thurman of the General Compressed Air and Vacuum Machinery Company, St. Louis, MO, in 1899 for a "pneumatic carpet renovator." Vacuum Cleaner came into the American language as a shorter name of maker, it was a "Vacuum" cleaner.
1869 - Pioneer Japanese immigrants establish a tea and silk farm colony at Gold Hill, California. Americans of Japanese ancestry (Nisei) lived in this country and struggled courageously for freedom and equality. This heritage was attacked following Pearl Harbor as they were shipped off to concentration camps and their homes, businesses, and property were stolen from them.
1886 – Congress passed the first Civil Rights Act.
1892 – In the act that triggered the litigation, Homer A. Plessy refused to go to a segregated railroad car (Plessy v. Ferguson).
1893 - Birthday of Dorothy Deming (d. 1972), New Haven, CT. Author of the Penny Marsh books on nursing as a career.
http://www.seriesbooks.com/demingdorothy.htm
http://www.elliemik.com/helpwanted.html
1906 - Pianist Frank "Sweet" Williams, New Orleans…apparently still living in Chicago as of 2017.
1906 - Birthday of guitarist Willie Morris (d. 2002), Bolton, MS. http://www.adelphirecords.com/video/JugBand.html
1906 - Birthday of Pianist Billie Pierce (d. 1974) was born Wilhelmina Goodson in Marianna, Florida. Known best for performing with DeDe Pierce, she was a boogie-woogie piano player with a distinctive blues shouting style that was reportedly unforgettable.
http://www.louisianamusicfactory.com/showsearchresults.asp?&
OutletID=1&SearchField=a&SearchString=Pierce
http://music.kelkoo.co.uk/b/a/cpc_150701_vtl_artist_c15332934.html
http://www.enigmaterial.com/jazz/ph1966/ph66_bpierce.html
1906 – President Theodore Roosevelt signed the Antiquities Act into law, authorizing the President to restrict the use of certain parcels of public land with historical or conservation value.
1909 – Clarence “Cack” Henley of the San Francisco Seals in the Pacific Coast league threw the longest complete game shutout in professional baseball history. Henley threw 24 scoreless innings against the Oakland Oaks before finally winning, 1-0…guessing on his pitch count???!
1916 - Birthday of Canadian trumpeter and bandleader Johnny Holmes, in Montreal.
1917 – Walt Disney graduated from Benton HS.
1917 - Birthday of Byron Raymond (Whizzer) White (d. 2002) at Fort Collins, CO. Retired Associate Justice of the Supreme Court of the US, nominated by President Kennedy Apr 3, 1962. White was an All-American halfback for the University of Colorado. He also played basketball and baseball. After graduation, he signed with the NFL’s Pittsburgh Pirates (now Steelers) after they selected him in Round 1 of the 1938 NFL Draft, and he played the 1938 season. He led the league in rushing in his rookie season and became the game's highest-paid player. He won a Rhodes scholarship to the University of Oxford and, after having deferred it for a year to play football, he decided to attend. After Oxford, White played for the Detroit Lions from 1940 to 1941. He led the league in rushing in 1938 and 1940, and he was one of the first "big money" NFL players, making $15,000 a year. His career was cut short when he entered the Navy during World War II; after the war, he elected to attend law school rather than return to football. He was elected to the College Football Hall of Fame in 1954.
1921 - Birthday of Alexis Smith (d. 1993), born Margaret Alexis Fitzsimmons Smith in Penticton, BC. After moving to southern California as a child, she attended Hollywood HS and LA City College where she was discovered. She was an actress who starred with many of Hollywood's most sought-after leading men including Cary Grant, Clark Gable, and Errol Flynn in the 1940s and 50s. She won a Tony in 1972 for her sensational performance as the cynical and aging former showgirl in “Follies.” She was the patron for U.S. novelist Rita Mae Brown. Her sole survivor was her husband of 49 years, actor Craig Stevens who played “Peter Gunn” on the TV series.
1921 – LeRoy Nieman (d. 2012) was born Leroy Leslie Runquist in St. Paul, MN. He was an artist known for his brilliantly colored, expressionist paintings and screen prints of athletes, musicians, and sporting events.
1925 - Birthday of Barbara Pierce Bush (d. 2018), former First Lady, born in NYC. She met George Herbert Walker Bush at age 16, and the two married in 1945, while he was on leave during his deployment as a naval officer in World War II. They had six children together, among them former President George H. Bush and former FL Governor Jeb Bush.
1925 – Eddie Gaedel (d. 1961) was born in Chicago with dwarfism. On August 19, 1951 for the St. Louis Browns, he was called into pinch-hit against the Detroit Tigers. Standing a mere 3’ 7”, he was walked on four pitches, was replaced by a pinch-runner, and never played again. The owner of the Browns at the time was Bill Veeck. His death was gruesome. On June 18, 1961, the unemployed Gaedel, who had just turned 36, was at a bowling alley in Chicago. Gaedel was followed home and beaten. His mother discovered him lying dead in his bed.
1933 – Comedian and writer Joan Rivers (d. 2014) was born Joan Alexandra Molinsky in Brooklyn. She died of cardiac arrest in an operating room September 4, 2014; age 81.
1936 - Birthday of actor-singer James Darren was born James William Ercolani in Philadelphia, PA.
http://www.jamesdarren.com/
http://celebhost.net/jamesdarren/
1937 - Eight-and-one-half-foot giant Calla Lily blooms, New York Botanical Gardens.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/06/05/MN182256.DTL
1939 - Soprano saxophone player Sidney Bechet records "Summertime," (Blue Note 6)
1940 - Birthday of singer Nancy Sinatra, was born in Jersey City, NJ. Graduate of University High School in West Los Angeles. After forming an association with producer Lee Hazelwood, she made number one on the Billboard Hot 100 in 1966 with "These Boots Are Made for Walkin". Nancy Sinatra also had several hit duets with Hazelwood, and one with her father, "Somethin' Stupid," in 1967.
http://www.nancysinatra.com/
http://www.theveteran.net/nancy/
http://www.sinatrafamily.com/news/index.php
1940 – Neptunium (Element 93, Symbol Np, Atomic weight 237) was created at the University of California at Berkeley, CA, by Edwin Mattison McMillan and Philip Hauge Abelson. Neptunium was the first element created that was heavier than uranium, the heaviest naturally occurring element.
1942 - Chuck Negron, lead vocalist for Three Dog Night, was born in New York City. Three Dog Night, formed in Los Angeles in 1968, became one of the most commercially successful American rock bands of the 1970's. Negron had been a session vocalist before he was recruited by group founder Danny Hutton. Three Dog Night's first album in 1969 yielded a million-seller, "One," and after that they were seldom absent from the charts. Among their other hits were "Easy to Be Hard," "Joy to the World" and "An Old-Fashioned Love Song." The group also had a number of best-selling albums. Three Dog Night's commercial magic had waned by 1975, and the group gradually broke up. The three original vocalists of Three Dog Night - Chuck Negron, Danny Hutton and Cory Wells - reunited in 1981.
1944 - Birthday of William Royce “Boz” Scaggs, singer, musician, songwriter (“Silk Degrees”, “Middle Man”), in Canton, OH. Following two albums with the Steve Miller Band in the late 1960's, he spent nearly a decade trying to make it as a solo act. Scaggs finally made it in 1976 with the album "Silk Degrees," which sold five-million copies. Singles from the LP, "Lowdown," made it to number three and “Lido Shuffle” to #13 on the Hot 100.
1944 - *PEREGORY, FRANK D., Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, Company K 116th Infantry, 29th Infantry Division. Place and date: Grandcampe France, 8 June 1944. Entered service at: Charlottesville, Va. Born. 10 April 1915, Esmont, Va. G.O. No.: 43, 30 May 1945. Citation: On 8 June 1944, the 3d Battalion of the 116th Infantry was advancing on the strongly held German defenses at Grandcampe, France, when the leading elements were suddenly halted by decimating machinegun fire from a firmly entrenched enemy force on the high ground overlooking the town. After numerous attempts to neutralize the enemy position by supporting artillery and tank fire had proved ineffective, T/Sgt. Peregory, on his own initiative, advanced up the hill under withering fire, and worked his way to the crest where he discovered an entrenchment leading to the main enemy fortifications 200 yards away. Without hesitating, he leaped into the trench and moved toward the emplacement. Encountering a squad of enemy riflemen, he fearlessly attacked them with hand grenades and bayonet, killed 8 and forced 3 to surrender. Continuing along the trench, he single-handedly forced the surrender of 32 more riflemen, captured the machine gunners, and opened the way for the leading elements of the battalion to advance and secure its objective. The extraordinary gallantry and aggressiveness displayed by T/Sgt. Peregory are exemplary of the highest tradition of the armed forces.
1945 - *LESTER, FRED FAULKNER, Medal of Honor
Rank and organization: Hospital Apprentice First Class, U.S. Navy. Born: 29 April 1926, Downers Grove, Ill. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a Medical Corpsman with an Assault Rifle Platoon, attached to the 1st Battalion, 22d Marines, 6th Marine Division, during action against enemy Japanese forces on Okinawa Shima in the Ryukyu Chain, 8 June 1945. Quick to spot a wounded marine lying in an open field beyond the front lines following the relentless assault against a strategic Japanese hill position, Lester unhesitatingly crawled toward the casualty under a concentrated barrage from hostile machineguns, rifles, and grenades. Torn by enemy rifle bullets as he inched forward, he stoically disregarded the mounting fury of Japanese fire and his own pain to pull the wounded man toward a covered position. Struck by enemy fire a second time before he reached cover, he exerted tremendous effort and succeeded in pulling his comrade to safety where, too seriously wounded himself to administer aid, he instructed 2 of his squad in proper medical treatment of the rescued marine. Realizing that his own wounds were fatal, he staunchly refused medical attention for himself and, gathering his fast-waning strength with calm determination, coolly and expertly directed his men in the treatment of 2 other wounded marines, succumbing shortly thereafter. Completely selfless in his concern for the welfare of his fighting comrades, Lester, by his indomitable spirit, outstanding valor, and competent direction of others, had saved the life of 1 who otherwise must have perished and had contributed to the safety of countless others. Lester's fortitude in the face of certain death sustains and enhances the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
1946 - Harmonica player, composer, band leader James Harman birthday, born Anniston, AL.
http://www.allmusic.com/cg/amg.dll?p=amg&sql=Bxt6uaknk5m3v
1947 - Birthday of detective writer Sara Paretskey in Ames, IA. She is best known as the author of the Chicago-based detective series featuring the opera singing, liberal feminist, V. I. Warshawski, who lacks house cleaning and cooking abilities, but is "hard boiled." “Killing Orders”, “Burn Marks”.
http://www.saraparetsky.com/
http://www.valueshop.com/bkgpparetsky.html
http://www.cwru.edu/artsci/engl/marling/hardboiled/Paretsky.HTM
1948 - The first African-American officer commissioned in the Marine Corps was John Earl Rudder, a midshipman in the regular Naval Reserve Officers' Training Corps at Purdue University, Lafayette, IN. He was commissioned as a second lieutenant and he served as an enlisted man in the Marine Corps Reserve from July 24, 1943 to June 26, 1946.
1948 - Milton Berle starred on the "Texaco Star Theatre." He soon earned the nickname "Mr. Television", and he continued to be America's top TV comedian until 1956. In 1948, only about one percent of America's homes had TV. However, by 1956, thanks in large part to Berle, the percentage was much higher. When Berle was on, theatres often closed and neighborhood taverns noted a big decrease in business.
http://www.museum.tv/archives/etv/M/htmlM/miltonberle/miltonberle.htm
http://www.museum.tv/archives/etv/B/htmlB/berlemilton/berlemilton.htm
http://us.imdb.com/title/tt0040041/
1949 - An FBI report named as Communists celebrities Helen Keller, Dorothy Parker, Danny Kaye, Fredric March, John Garfield, Paul Muni, and Edward G. Robinson.
1949 – George Orwell’s “1984” was published. The novel is set in Airstrip One (formerly known as Great Britain), a province of the super state Oceania, in a world of perpetual war, omnipresent government surveillance and public manipulation, dictated by a political system under the control of a privileged Inner Party elite that persecutes individualism and independent thinking as "thought crimes." The tyranny is epitomized by Big Brother, the quasi-divine Party leader who enjoys an intense cult of personality but who may not even exist. The Party "seeks power entirely for its own sake. We are not interested in the good of others; we are interested solely in power.”
1950 – The Boston Red Sox defeated the St. Louis Browns, 29-4. It was a one game baseball record for scoring. Al Zarilla of the Sox scored four doubles in the game.
1951 – Top Hits
“Too Young” – Nat King Cole
“On Top of Old Smokey” – The Weavers (vocal: Terry Gilkyson)
“How High the Moon” – Les Paul & Mary Ford
“I Want to Be with You Always” – Lefty Frizzell
1951 – Birthday of rock singer Bonnie Tyler, born Gaynor Hopkins in Skewen, near Swansea, South Wales. Her biggest hit is the million-selling “Total Eclipse of the Heart’’ in 1983. The single tops Billboard’s Hot 100 for four weeks.
http://www.80smusiclyrics.com/artists/bonnietyler.htm
http://www.bonnietyler.com/main.html
1953 - The U.S. Supreme Court ruled that restaurants in the District of Columbia could not refuse to serve blacks.
1953 - A 1/2 mile wide tornado struck Flint, Michigan. 115 people were killed making it the worst tornado in the state's history. This tornado, rated F5 on the Fujita scale, was the last single tornado in the U.S. to kill over 100 people. 116 were killed, 844 injured, and 340 homes destroyed.
1954 - Record promoters officially began phasing out 78s and giving 45s to radio DJs instead. How many under the age of 50 will understand this statement?
1955 – The Brooklyn Dodgers optioned left-handed pitcher Tommy Lasorda to the minor league Montreal Royals to make room for Sandy Koufax who had been on the disabled list. In 1954, during a tryout for the Pittsburgh Pirates, Koufax's fastball broke the thumb of the team's bullpen coach. Branch Rickey, by then the GM of the Pirates, told his scout Clyde Sukeforth (of Jackie Robinson fame) that Koufax had the "greatest arm [he had] ever seen.” Dodgers scout Al Campanis heard about Koufax from a local sporting goods store owner. After seeing Koufax pitch for Lafayette High School in Brooklyn, Campanis invited him to an Ebbets Field tryout. With Dodgers manager Walter Alston and scouting director Fresco Thompson watching, Campanis assumed the hitter's stance while Koufax started throwing. Campanis later said, "There are two times in my life the hair on my arms has stood up: The first time I saw the ceiling of the Sistine Chapel and the second time, I saw Sandy Koufax throw a fastball." The Dodgers signed Koufax for a $6,000 ($53,000 today) salary, with a $14,000 ($123,000 today) bonus. Because Koufax's signing bonus was greater than $4,000 ($35,000 today), he was forced to remain on the roster for at least two years before he could be sent to the minors.
1957 - Birthday of Scott Adams, cartoonist, creator of "Dilbert," born Windham, NY.
1959 - Top Hits
“Dream Lover” - Bobby Darin
“Personality” - Lloyd Price
“Quiet Village” - Martin Denny
“The Battle of New Orleans” - Johnny Horton
1959 - "I Only Have Eyes for You" by the six man, Chicago vocal group, The Flamingos, enters the Billboard chart, where it will reach #11. This is a doo-wop all-timer and one that was great for submarine race-watching!
1960 - Roy Orbison released "Only the Lonely.”
1961 - A Major League Baseball record was set when four Milwaukee Braves batters – Eddie Mathews, Hank Aaron, Joe Adcock, and Frank Thomas - hit consecutive home runs in the game's seventh inning. They still lost to the Cincinnati Reds, 10-8.
1961 - Elvis Presley's seventh film, "Wild in the Country" premiers.
1962 - Birthday of Nick Rhodes of Duran Duran who was born Nicholas James Bates in England.
http://www.vh1.com/artists/az/duran_duran/bio.jhtml
http://www.duranduran.com/
http://www.duranduran.co.uk/
1963 - The Essex release "Easier Said Than Done," a song that will climb to #1 on both the US Pop and R&B charts. Founding members Walter Vickers (guitar) and Rodney Taylor (drums) were members of the US Marine Corps stationed in Okinawa, Japan. After being transferred to Camp LeJeune, NC, they enlisted fellow Marines Billy Hill and Rudolph Johnson as group members. Next they added a female lead singer, Anita Humes, another Marine.
1963 - The Crystals' "Da Doo Ron Ron" peaks at #3 on the Billboard Pop chart. The effort is the brain child of Phil Spector, who uses a multi-track recording system to build the song layer upon layer to achieve a result that will become known as a "wall of sound". Backing musicians include Glen Campbell on guitar, Hal Blain on drums, Leon Russell on piano and Nino Tempo on sax.
1965 - President Johnson authorizes commanders in Vietnam to commit U.S. ground forces to combat.
1963 - American Heart Association became the first agency to campaign against cigarettes
1965 – Major League Baseball held its first free agent draft and the Kansas City A’s chose Rick Monday as the first overall pick. Picking second, the Mets picked Les Rohr and they waited until the 10th round to choose Nolan Ryan. Johnny Bench was chosen by the Reds in the second round after they selected Bernie Carbo in the first. Other notables: Minnesota chose Graig Nettles in the 4th round, the Kansas City A’s chose Sal Bando in the 6th round, Tom Seaver was chosen by the Dodgers in the 10th round, Nolan Ryan in the 12th by the Mets.
1966 - Merle James Smith, Jr. of Baltimore, MD, part of the class of 113 cadets who were graduated this day, became the first African-American Coast Guard Academy graduate. The ceremony was held at Jones Field, New London, CT. His commission was presented to him by his father, a colonel in the regular army.
1966 - A tornado ripped right through the heart of the capitol city of Topeka, KS, killing sixteen persons and causing $100 million damage. The tornado, which struck during the evening, cut a swath of near total destruction eight miles long and four blocks wide. It was the most destructive tornado of record up until that time.
1966 - The Elvis Presley film “Paradise Hawaiian Style'' premieres.
1967 - Top Hits
“Respect” - Aretha Franklin
“Release Me (And Let Me Love Again)” - Engelbert Humperdinck
“Croquet Alley” - The Mamas & the Papas
“It's Such a Pretty World Today” - Wynn Stewart
1967 - Attack on the USS Liberty. At 2 PM local time, the unescorted US intelligence ship USS Liberty, sailing in international waters off the Egyptian coast, was attacked without warning by Israeli jet planes and three Israeli torpedo boats. She was strafed and hit repeatedly by rockets, cannon, napalm and finally a torpedo. Casualties: out of a crew of 294 Americans, there were 34 dead and 171 wounded. Israel apologized, claiming mistaken identity, but surviving crew members charged deliberate attack by Israel and cover-up by US authorities.
1968 - The Rolling Stones release "Jumpin' Jack Flash."
1968 - Don Drysdale, pitcher for LA Dodgers, lost his major league streak of scoreless innings pitched, when it was stopped at 58-2/3 by Howie Bedell, of the Philadelphia Phillies, who hit a sacrifice fly in the fifth inning. The Dodgers did beat the Phillies 5-3 that day. Until 1987, Drysdale's record stood, when it was broken by Orel Hersheiser, also of the Dodgers at that time.
1968 - During a meeting on Midway Island in the Pacific, President Richard M. Nixon and South Vietnamese President Nguyen Van Thieu announce the imminent withdrawal of 25,000 US troops from Vietnam, and emphasize that all remaining US grounds troops will eventually be replaced by South Vietnamese forces. In 1961, President John F. Kennedy had sent the first large force of US military personnel to Vietnam to bolster the ineffectual autocratic regime of South Vietnam against the Communist North. Three years later, with the South Vietnamese government crumbling, President Lyndon B. Johnson ordered limited bombing raids on North Vietnam and Congress authorized the use of US troops. By 1965, North Vietnamese offensives left President Johnson with two choices: escalate US involvement or withdraw. Johnson ordered the former, and troop levels soon jumped to over 300,000 as US air forces commenced the largest bombing campaign in history. Over the next few years, the extended length of the war, the high number of US casualties, and the exposure of US involvement in war crimes such as the massacre at My Lai, helped to turn many in the United States against the Vietnam War, and created a perilous national division. In the spring of 1969, as protests in the United States against the war escalated, US troop strength in the war-torn country reached its peak at nearly 550,000. In June, Richard Nixon, the new US president, announced the beginning of US troop withdrawal, but intensified bombing in an effort to salvage the embattled war effort. Large US troop withdrawals continued in the early 1970s, but President Nixon expanded air and ground operations into Cambodia and Laos in attempts to block enemy supply routes along Vietnam's borders. This expansion of the war, which accomplished few positive results, led to new waves of protests in the United States and elsewhere. Finally, in 1973, representatives of the United States, North and South Vietnam, and the Vietcong signed a peace agreement in Paris, ending the US military involvement in the Vietnam War. By the end of 1973, the US contingent in Vietnam had shrunk to only fifty military advisors. On 30 April 1975, the last of these and other US nationals were airlifted out of Vietnam as Communist forces launched their final triumphant offensive into South Vietnam. The Vietnam War was the longest and most unpopular foreign war in US history, cost fifty-eight thousand American lives, many more lives of Vietnamese soldiers from both North and South, uncounted lives of Vietnamese civilians, and long-lasting damage to the environment in Vietnam.
1968 - James Earl Ray, alleged assassin of Martin Luther King, Jr., was captured.
1968 – Robert F. Kennedy’s funeral took place at St. Patrick’s Cathedral in NYC. Immediately following the mass, Kennedy's body was transported by a special private train to Washington, D.C. Thousands of mourners lined the tracks and stations along the route, paying their respects as the train passed. The train departed New York at 12:30 pm. The four-hour trip took more than eight hours because of the thick crowds lining the tracks on the 225 miles journey to prepare for the interment at Arlington National cemetery next to his slain brother, President John F. Kennedy.
1969 - New York Yankees honored Mickey Mantle by retiring his number 7 in a ceremony preceding a double-header against the Chicago White Sox. 60,096 fans came out to salute Mantle and to watch the Yankees sweep the Sox, 3-1 and 11-2. The Yankees have retired 22 numbers in all, more than any other baseball team. They retired #51 for Bernie Williams, #20 for Jorge Posada and #46 for Andy Pettitte in 2015. Derek Jeter’s #2 and Paul O’Neil’s #21 will likely be retired in the near future.
1969 – The last episode of “The Smothers Brothers Comedy Hour” aired on CBS. The series was a major success, especially considering it was scheduled against the major NBC television series, “Bonanza”, with content that appealed to contemporary youth viewership with daring political satire humor and major music acts. Despite this success, continual conflicts with network executives over content led to the show being abruptly pulled from the schedule in violation of the Smothers' contract in 1969. On April 6, 1973, the Federal court ruled in favor of the Smothers and ordered CBS to pay them $766,000. Despite the Smothers' legal victory, the show never returned to the air. Despite this cancellation, the show won the Emmy Award for Outstanding Writing for a Comedy, Variety or Music Show.
1969 - Having already been fired for his worsening drug use, Brian Jones officially announced that he is leaving the Rolling Stones, saying that he "no longer see(s) eye to eye (with the group about) the discs we are cutting." In less than a month he will be found dead.
1970 - No. 1 Billboard Pop Hit: “Long and Winding Road,'' The Beatles.
1973 - After quarterbacking for the Baltimore Colts for 16 of the NFL's most exciting seasons ever, including back-to-back NFL Championships in 1958-59, Johnny Unitas signed a two-year contract to finish out his football career with the San Diego Chargers. He never did look right with bolts on his helmet instead of the horseshoes!!
1974 - Severe thunderstorms spawned at least twenty-three tornadoes in Oklahoma during the afternoon and evening hours. One of the tornadoes struck the town Drumright killing sixteen persons and injuring 150 others. A tornado struck the National Weather Service office in Oklahoma City, and two tornadoes hit the city of Tulsa. Thunderstorms in Tulsa also produced as much as ten inches of rain. Total damage from the storms was around thirty million dollars. It was the worst natural disaster of record for Tulsa.
1974 - Paul McCartney and Wings had the top spot on the Billboard singles chart with "Band on the Run," a song on which Paul played bass, guitar and drums.
1975 - Top Hits
“Thank God I'm a Country Boy” - John Denver
“Sister Golden Hair” - America
“Bad Time” - Grand Funk
“Window Up Above” - Mickey Gilley
1977 – Kiss’ debut album was certified gold.
1978 - Through the voice of its president Spencer W. Kimball, the Mormon Church reversed a 148-year-long policy of spiritual discrimination against African- American leadership within the denomination. The declaration extended priesthood and temple blessings to all worthy male members of the Church. The Mormon attitude about Black church members is little understood outside their church, but here is a site chronicling a group trying to bring "fair" information concerning the LDS.
http://www.ldsblacks.com/history.html
The Official Decision as recorded by the LDSBlacks.com
http://www.ldsblacks.com/declare2.html
About this site: http://www.ldsblacks.com/gordon.html
1982 - A re-united Simon & Garfunkel leave for a nine date European tour starting at the Hippodrome d'Auteuil in Paris. It ends June 19th in London.
1982 – The Ageless One, Leroy ‘Satchel’ Paige (1906-82) died.
1983 - Top Hits
“Flashdance...What a Feeling” - Irene Cara
“Overkill” - Men at Work
“Time (Clock of the Heart)” - Culture Club
“Lucille (You Won't Do Your Daddy's Will)” - Waylon Jennings
1986 - In the longest nine inning game in American League history, the Orioles beat the Yankees 18-9 in four hours and sixteen minutes.
1986 - No. 1 Billboard Pop Hit: “On My Own,'' Patti LaBelle & Michael McDonald.
1988 - Overnight thunderstorms in Iowa produced 5.20 inches of rain at Coon Rapids. Thunderstorms in the Florida Keys drenched Tavernier with 7.16 inches of rain in 24 hours. Eleven cities in the central U.S. reported record high temperatures for the date.
1989 - After the Pirates take a 10-0 lead in Philadelphia by sending 16 batters to the plate in the first inning, Pirate broadcaster Jim Rooker announces if the Bucs lose the game he'll walk back to Pittsburgh. True to his word, the radio by-by-play man organizes a charity walk from Philadelphia to Pittsburgh after the season as a result of the Phillies comeback win over the Pirates, 15-11.
1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile, AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
1990 - CDR Rosemary Mariner becomes first Navy woman to command a fleet jet aircraft squadron.
1991 - General Norman Schwarzkopf, commander of Allied forces in Operation "Desert Storm", leads the National Victory Parade up Pennsylvania Avenue past the reviewing stand holding President George H.W. Bush and other dignitaries in the first such military parade held in the nation's capital since the end of World War I. Among the contingents of military units are composite battalions of Air and Army Guard personnel who served in theater.
1991 - Top Hits
“More Than Words” - Extreme
“I Wanna Sex You Up” - Color Me Badd
“Rush, Rush” - Paula Abdul
“Meet in the Middle” - Diamond Rio
1991 - Paula Abdul started a two-week run at #1 on the US album chart with "Spellbound".
1991 - Bruce Springsteen married longtime girlfriend Patti Scialfa in a private ceremony at the couple's mansion in Beverly Hills, California. Bob Dylan was among the guests. It was the second marriage for Springsteen, who divorced model Julianne Phillips in 1988, and the first for Scialfa who used to sing in Springsteen's E Street Band.
1995 - The downed Air Force pilot Capt. Scott O’Grady was rescued by US Marines in Bosnia.
1998 - Former LA Laker Earvin "Magic" Johnson's new late-night talk show averaged a 3 Nielsen rating in its opening night in 40 major cities. It dropped to a 2.1 rating the next two nights and was soon cancelled.
1998 - The National Rifle Association elected Charlton Heston its president.
2001 - For the first time in Major League Baseball history, the two Texas teams play one another in the regular season. The Astros beat their interstate rivals, the Rangers, 5-4 in the first game of the Lone Star Series played in Arlington, Texas.
2003 - Billy Joel won a Tony award for the orchestration of his musical, “Movin' Out.”
2004 - Tampa Bay holds off the Flames for its First Stanley Cup: Lightning 2, Flames 1
http://www.washingtonpost.com/wp-dyn/articles/A23531-2004Jun7.html
http://www.nytimes.com/2004/06/08/sports/hockey/08cup.html
2005 - Going yard twice in his 4-for-4 day, Alex Rodriquez becomes the 40th and youngest big leaguer to hit 400 career home runs. On the 316th day of 29th year of his life, the Yankee superstar third baseman, who surpasses Ken Griffey Jr. for the honor, connects for a solo shot off Brewers' southpaw Jorge De La Rosa in the eighth inning for the milestone marker.
2009 - New York's legendary Apollo Theatre celebrated its 75th anniversary with a concert featuring, among others, The O'Jays and Patti Labelle. During the proceedings, Labelle and Quincy Jones were inducted into the venue's Hall of Fame.
2010 - Pitcher Stephen Strasburg made the most eagerly anticipated debut in decades before a sell-out crowd in Nationals Park in Washington, DC. The recipient of the largest signing bonus in history lived up to his advance billing, striking out 14 while walking none in seven innings. The Nationals beat the Pirates, 4-2, for Strasburg's first major league win.
2010 - Old Man River, otherwise known as Tim Wakefield, rolled along to another milestone, passing Roger Clemens for most innings pitched in Red Sox team history with 2777.
2010 - The trial of former Illinois Governor Rod Blagojevich began, facing corruption charges regarding his alleged attempt to sell Barack Obama's Senate seat. He would be convicted in 2012 and is now serving a 14-year prison sentence.
2013 - For only the second time in Major League history, two games went 18 innings on the same day. The Toronto Blue Jays defeated the Texas Rangers, 4-3 in 18 while the New York Mets lost to the Florida Marlins, 2-1 in 20.
Stanley Cup Champions
2004 - Tampa Bay Lightning
NBA Champions
1982 - Los Angeles Lakers, MVP: Magic Johnson, L.A.
1986 - Boston Celtics, MVP: Larry Bird, Boston.
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