Leasing Industry Job Wanted
Asset Management - Credit

Asset Management

Experienced Asset Manager / Remarketer seeking position.  At IBM Global Financing I managed the IT lease portfolio of PC and PC Server assets.  I mainly focused on creating secondary transactions with leased assets (sales and renewals).  In other roles I was focused on managing remarketing of assets after end of lease.  I am in the Chicago area and I am comfortable and experienced at working remotely.  Contact: lorenw999@gmail.com   LinkedIn Profile: https://www.linkedin.com/in/loren-r-williams/

Credit

Interested in 20 to 30 hours per week. Strong skill set is analyzing/developing business development entry strategies for multiple industry sectors from an equipment finance perspective. This would be more of a consulting approach. Excel, CRM (Siebel, Salesforce, etc.), Word, PPT skills. I have plenty of credit score card analytical experience, but more from an underwriter or portfolio management perspective. Could use my experience with the SBA EIDL credit algorithm experience. Emphasis on asset based and secured financing to the middle and large ticket market. https://www.linkedin.com/in/cramerowen/
Cramer Hill Owen II <ch2capital@gmail.com>

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Limited to 100 Words
http://leasingnews.org/Classified/Jwanted/Jwanted-post.htm

 

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North Mill Equipment Finance Announces
It's Largest Securitization Ever at $268 Million

NORWALK, CT – North Mill Equipment Finance LLC (“North Mill”), announced today the closing of its fourth commercial equipment backed securitization (ABS), NMEF Funding 2021-A (“NMEF 2021-A”).  The $236,588,000 ABS issuance was well received by institutional investors, evidenced by strong oversubscription levels across all tranches of notes.

North Mill’s President Mark Bonanno declared, “This transaction is a veritable game changer and clearly demonstrates the confidence the market has in the ability of North Mill to originate and service a portfolio of quality small-ticket loans and leases.  It will have a resounding impact on our profitability this year and beyond

“None of this would have been possible without the dedication, passion, and hard work from the team at North Mill.”

 NMEF 2021-A raised capital from a total of 23 investors, representing enhanced diversification relative to the 10 total investors in North Mill’s previous issuance (“NMEF 2019-A”). North Mill retained 8 out of the 10 investors in NMEF 2019-A and brought in 15 first-time investors in the North Mill shelf.

NMEF 2021-A featured five tranches of notes, achieving an ~86.0% advance rate through the Class D note. The transaction featured North Mill’s first ever money-market tranche (2a7 eligible), which, coupled with strong investor appetite, facilitated North Mill in decreasing its all-in cost of funds by ~140 bps relative to its prior issuance.  The $236.6M transaction was backed by $275M in equipment loan and lease contracts, $45M of which will be contributed via a 3-month prefunding period post-close.

Truist Securities, Inc. and Deutsche Bank Securities served as joint book-runners for the transaction.  The notes were rated by Kroll Bond Rating Agency (KBRA).
 
About North Mill Equipment Finance
Headquartered in Norwalk, Connecticut, North Mill Equipment Finance originates and services small-ticket equipment leases and loans, ranging from $15,000 to $300,000 in value.  A broker-centric private lender, the company handles A – C credit qualities and finances transactions for numerous asset categories including construction, transportation, vocational, health care, manufacturing, printing, and material handling equipment. North Mill is majority owned by an affiliate of Wafra Capital Partners, Inc. (WCP).  For more information, visit www.nmef.com.

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“Bill Requiring Certain Financing Disclosures,"
Making its Trip through the Connecticut Senate

SB 745 appears stronger than California or New York. requiring full disclosure of business loans, capital leases, factoring, and merchant cash advance, and was introduced in the Connecticut Senate in February. It is now making its way to a public hearing. 

The California law is expected to be in effect and spelled out by the end of the year, as is the law signed by Governor Cuomo in New York (it has defining issues being worked out, it is reported, similar to California).

The Connecticut bill has a way to travel but is designed to go into effect October of this year, most likely as the two states noted. "Definitions" will need to be finalized. The two bills before being signed into law have not gone into effect, although they too had a shorter time frame for enactment.

Text of SB 745 (14 pages)
https://www.cga.ct.gov/2021/TOB/S/PDF/2021SB-00745-R01-SB.PDF

 

Leasing Industry Help Wanted

 

 

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3 Reasons Companies Can't Hire Top Talent

The Ultimate Hire by Ken Lubin, ZRG Partners

Most companies think that they should be able to hire “A” level talent at the drop of a hat and that candidates should be begging to work for them. Nothing could be furthest from the truth. In fact, most companies are terrible at hiring good talent, never mind hiring the best. The reality is that you are not Apple, Google, Microsoft, Goldman or the coolest new start up in the land, and so why are you trying to hire like you are?

To be the best, you have to prepare like you are the best!

Organizations need to have a gut check and realize that they are typically a “B” at best and most likely a “C”. I like to use the analogy of  trading in a car. Most people believe that they should be able to get the trade-in value for a car that is in pristine condition, when in reality they will be lucky if they get the good value. Like most cars, companies have nicks, dings, and a sputtering engine from time to time, and once they own that, the perspective of hiring is changed. 

Accepting responsibility and realizing what is really the organization, are the first steps in getting the best talent you can. Once this happens, it is possible to strategize about developing a plan for hiring success. There are 3 major pitfalls that companies fall into when hiring. 

They can’t tell the story. There needs to be synergy among everyone in the organization. Each needs to know the mission, the direction, the product, and value proposition of the company. If everyone a candidate meets has a different story, the firm looks confused and unprofessional, leaves a bad taste in top talent’s mouth.

Perception: Most companies/leaders think they are the best and that is not a bad thing, but this is when reality sets in. You need to be the best to hire the best, there needs to be internal level setting to realize who and what you are going to hire, based on four important factors: Who is the leadership? Can you show me the money? What is the growth trajectory? Do they believe in the product? If either of these are not exciting, cutting edge, or adding value to their wallet, most “A” players aren’t going to join.

Companies need to be able to make fast hiring decisions, willing to step up on comp and do what it takes to get the “A” level candidate off the street. The days of taking weeks and weeks with multiple interviews are over. Once a candidate starts looking at one position, the likelihood the will be  looking at others. Realize you are not the only game in town and that you need to act fast, or they are gone!

“A” talent knows they are the best in the market, not the best on the market. When organizations are looking to attract the best, they need to be prepared, dialed in, and ready to act. Most companies expect that from the candidates but where they miss the mark is not expecting it from themselves. To be the best, you have to prepare like you are the best!

Ken Lubin
Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin/

"What is the Ultimate Hire? The Ultimate Hire is the professional that every business, team or leader needs in their organization. This is the high performance individual that always rises to the top, brings the team to the next level and can significantly add to the bottom line. The Ultimate Hire is the person that you can't afford to be without. Finding, Attracting, Hiring and Retaining these professionals is critical to the success of your business. We have identified these traits and can help you find these top professionals."

The Ultimate Hire Collection:
http://leasingnews.org/Conscious-Top%20Stories/ultimate.html 

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Top Ten Leasing News
March 15 to March 19

(Stories most opened by readers)

(1) Airplane Food Then and Now
    Photo
http://leasingnews.org/archives/Mar2021/03_17.htm#airplane

(2) Section 179 at a Glance for 2021
    CrestCapital.com
http://leasingnews.org/archives/Mar2021/03_17.htm#section

(3) Dog on Computer
    Cartoon
http://leasingnews.org/archives/Mar2021/03_19.htm#dog

(4) New Hires/Promotions in the Leasing Business
    and Related Industries
http://leasingnews.org/archives/Mar2021/03_19.htm#hires

(5) Marlin Business Services 2009 Compared to 2020
   Perhaps Missed by Readers
      By Christopher Menkin
http://leasingnews.org/archives/Mar2021/03_15.htm#marlin

(6) FDIC Quarterly Report 2021
    Fourth Quarter, 2020
http://leasingnews.org/archives/Mar2021/03_17.htm#fdic

(7) CLFP's by Company
    Members with Two or More
http://leasingnews.org/archives/Mar2021/03_15.htm#clfp_list

(8) Sales Makes it Happen by Christopher 'Kit' Menkin
    Getting Vendors by Using the Back Door
http://leasingnews.org/archives/Mar2021/03_19.htm#getting

(9) CLFP Foundation Adds 17 New CLFPs
    Brings Total to 942 Active Status
http://leasingnews.org/archives/Mar2021/03_15.htm#clfp

(10) Can’t Wait to Become a Bank? Buy One
    By Kevin Travers. debanked.com
https://debanked.com/2021/03/cant-wait-to-become-a-bank-buy-one/

Solar Financing Firms
Working with Third Party Originators 

Thomas Cadle, CLFP, LeaseSource Financial Services. Voice:  800-991-0099   Fax: 800 - 988 -3921
  email: tcadle@leasource.com

Michael Kountze, Regents Capital.,  Voice: 512-222-5539  Fax: 512-222-5539
 email: michaelk@regentscapital.com

John Meredith, CG Commercial Finance.   Voice:  949.720.9511    fax:  949.720.9611 
 email: john.meredith@cgcommercial.com

Jim Recker, Crestmark Equipment Finance.  Voice: 248.593.3919  Mobile: 248.705.5704   Toll Free: 888.800.3705
   email: jrecker@crestmark.com

Any additions or corrections, please contact: kitmenkin@leasingnews.org

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This is the Strongest Seller’s Market Since 2006
By Christina Hughes Babb, themrreport.com

Nationally, home sales prices in February rose more than they have during any month since July 2013.

The national median home-sale price rose 14.4% year over year to $336,200 in February, according to the Redfin report. Closed home sales were up 5% from a year earlier and pending sales were up 21%. New listings fell 16%—the second-largest decline on record since Redfin’s data began in 2012, only passed by the drop in April 2020.


Redfin Chief Economist Daryl Fairweather, PhD, declared, “This is the strongest seller’s market since at least 2006,” said. “Buyers outnumber sellers by such a huge margin that many homeowners are staying put because they know how hard it would be to find a place to move to. It seems like the only move-up buyers who are confident enough to list their homes are those who are relocating to a more affordable area where they’ll have an edge on the local competition.”

She continued: “Even though the market feels reminiscent of 2006, we aren’t in a bubble,” continued Fairweather. “Yes, some buyers are overpaying for homes, particularly those who are moving to affordable destinations and paying well over asking prices to win homes in bidding wars. But these buyers are often covering any shortfall in the bank’s appraisal amount and locking in low monthly mortgage payments that they can easily afford. As mortgage rates rise, I expect demand to settle down and be better balanced by more new listings as high home prices lure more sellers to the market.”

Redfin analyst Tim Ellis echoed that the shortage of homes for sale is "making homebuyer competition more intense than we’ve ever seen."

He noted that 36% of homes sold last month went for more than their asking price, the largest share on record. This extreme imbalance between supply and demand is the primary factor rapidly driving up home prices.

German Shepherd
Bloomfield, Connecticut  Adopt-a-Dog

Koby

Male
3 Years, 7 months
58 lbs.
Good with Dogs
House Trained

Koby is a German Shepherd/Siberian Husky mix. He is fully grown at 3 years old and weighs about 63 pounds. As a three-year-old, he still has an abundance of energy. He will need an adult-only home that can give him plenty of exercise and playtime. Koby gets along well with other dogs and would do best in a home with other playful dogs. He has not had the opportunity to be introduced to a cat. Koby excels with slow and steady introductions to new people. He will need a home that can give him the time, patience, and training to allow him to become relaxed in new situations. Koby came to DSR as an owner surrender and has had professional dog training. It is highly recommended that an adopter continue his training with a certified dog trainer. Koby is a very handsome dog that needs an experienced owner who will continue to invest in his transformation into an amazing companion.

The fee for adoption is $450. This includes spay/neuter, vaccinations and transport fees.

 Interested in adopting Koby? To get the ball rolling head over to our Adoption Application and submit your application today. A Dog Star representative will contact you within 24 hours.

To help speed up the process, please call your vet and give them permission to speak with us. If you do not get a response within 24 hours of submitting your application, please check your spam folder.

Dog Star Rescue
12 Tobey Road
Bloomfield, CT 06002
860-461-0848
contactus@dogstarrescue.org
Facebook, Twitter, YouTube, Instagram

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Free---Open to All - Members and Non-Members

TimeValue Software is the developer of TValue Online loan and lease structuring software, the industry standard for equipment finance brokers and funding sources. Many funding sources require their brokers to submit their deals using TValue Online software.

Join us on Wednesday, March 24 at 3:00 p.m. (ET). Greg Smith, Senior Account Manager for TimeValue Software will demonstrate how to use the buy rate from a funding source to calculate broker commissions and quote the payment amount to customers. See how to structure a loan and/or lease with payments in advance, payments in arrears, skip payments for seasonal business, forbearance payments for COVID relief, and residual payments.

If you are competing for business with other lenders, you will also see how brokers use TValue Online to reverse analyze their competitors' deals and come out on top. Learn how to use TValue Online to win your customers' business.

Register:
AACFB Webinar Wednesday March 24 3:00pm EST
https://us02web.zoom.us/webinar/register/WN_3JYoZXklQSa7w1Y0P7fgcw

Greg Smith

Greg Smith is a senior team member for TimeValue Software. Since 1984, TimeValue Software has developed finance and tax software applications used by more than a half million end-users worldwide. Greg is a software sales and product trainer of time-value of money calculations focused on helping financial professionals in the accounting, banking, and equipment finance industries.

Greg has been with TimeValue Software for the past 26 years. As Business Development Manager at TimeValue Software for the last 12 years, he handles software sales, product support, product training, customer retention, and strategic alliances for most all of the TimeValue Software product lines, with emphasis on their flagship product, TValue.

Greg resides in Southern California and his interests include his family, cooking, watching and attending UCLA athletic events, and coaching high school and youth wrestling.

News Briefs---

State of emergency in Miami Beach extended
    to April 11 as spring breakers overwhelm the city
https://www.washingtonpost.com/nation/2021/03/21/miami-beach-state-of-emergency/

From Amazon to FedEx, The Delivery Truck
     Is Going Electric
https://www.npr.org/2021/03/17/976152350/from-amazon-to-fedex-the-delivery-truck-is-going-electric

Canada's CP Rail to buy Kansas City Southern for $25 billion
   betting on North American trade
https://www.reuters.com/article/us-kansas-city-southern-m-a-canadian-pac/canadas-cp-rail-to-buy-kansas-city-southern-for-25-billion-betting-on-north-american-trade-idUSKBN2BD02B

 

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You May Have Missed---

The cash injection from the third round of coronavirus stimulus
    payments should spur digital payments growth and retail recovery
https://www.emarketer.com/content/cash-injection-third-round-of-coronavirus-relief-stimulus-payments-should-spur-digital-payments-growth-retail-recovery

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Sports Briefs---

Overseas Spectators Will Be Banned From
    Tokyo Olympics Due To COVID-19 Risks
https://www.npr.org/sections/coronavirus-live-updates/2021/03/20/979489573/overseas-spectators-will-be-banned-from-tokyo-olympics-due-to-covid-19-risks

LeBron James injury update:
    3 observations on the Lakers’ situation
https://www.latimes.com/sports/lakers/story/2021-03-20/lakers-lebron-james-injury-update-3-observations

Starting-caliber quarterbacks the hottest commodities
     in free agency; breaking down the signings
https://www.usatoday.com/story/sports/nfl/columnist/mike-jones/2021/03/17/nfl-free-agency-starting-caliber-quarterbacks-snapped-up/4733841001/

Multiple allegations of sexual misconduct against
    Deshaun Watson are in stark contrast to his NFL image
https://www.usatoday.com/story/sports/nfl/texans/2021/03/19/deshaun-watson-texans-nfl-image-stark-contrast-allegations/4768835001/

Kenny Golladay agrees to deal with Giants,
     giving them a star wide receiver
https://www.usatoday.com/story/sports/nfl/giants/2021/03/20/new-york-giants-deal-wr-kenny-golladay/4783966001/

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California Nuts Briefs---

A year of COVID lockdowns: San Francisco Bay Area counties   
     stayed open months longer than others. So what was the impact?
https://www.mercurynews.com/2021/03/21/inequality-of-bay-area-covid-lockdowns-kept-some-businesses-open-months-longer-than-counterparts-across-county-lines/

Mayor Breed calls for S.F. school board member to resign
    over racist tweets aimed at Asian Americans
https://www.sfchronicle.com/education/article/Mayor-Breed-calls-for-S-F-school-board-member-to-16040970.php

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“Gimme that Wine”

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

Duckhorn Portfolio stock rises in NYSE debut
     by Napa Valley wine company
https://www.northbaybusinessjournal.com/article/business/duckhorn-portfolio-stock-rises-in-nyse-debut-by-napa-valley-wine-company/

How four North Bay women shattered
     the wine industry’s glass ceiling
https://www.pressdemocrat.com/article/lifestyle/how-four-north-bay-women-shattered-the-wine-industrys-glass-ceiling/

Concours Mondial du Sauvignon:
    The Results are Out
https://www.winebusiness.com/news/?go=getArticle&dataId=242962

375mls Lead Growth in Glass Sales
https://www.winebusiness.com/news/?go=getArticle&dataId=242928

Washington Wine Reports Smaller Harvest,
    Good Quality in 2020
https://www.winebusiness.com/news/?go=getArticle&dataId=242985

Bordeaux Need to Rethink its Grappe Plantings
https://www.thedrinksbusiness.com/2021/03/bordeaux-needs-to-rethink-its-grape-plantings/

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

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

This Day in History

    1526 - The first North American Slave Revolt: Nearly 40 years before the first permanent European settlement in North America, Spanish explorers bring enslaved Africans to what became the Carolinas. The Africans escape in what is the first recorded slave revolt in North America. In 1501, Spanish settlers brought slaves from Africa to Santo Domingo, Dominican Republic. There was a slave revolt in 1522 on the Caribbean island of Hispaniola, which now comprises Haiti and the Dominican Republic. Most of Columbus’ bounty were Indian slaves as this was large commerce for basically “free labor.” In 1562, John Hawkins, the first Briton to take part in the slave trade, makes a huge profit hauling human cargo from Africa to Hispaniola.
    1619 - Africans brought to Jamestown are the first slaves imported into Britain's North American colonies. Like indentured servants, they were probably freed after a fixed period of service. 
http://www.nationalgeographic.com/features/99/railroad/tl.html
    1621 - A peace treaty and defensive alliance between the Wampanog Indians, led by Chief Massassoit, and the Pilgrims was concluded at Strawberry Hill, Plymouth, Mass. Arranged by Squanto, an English-speaking Indian, it was one of the earliest recorded treaties between Europeans and Indians in North America. Squanto had been kidnapped and sold as a slave in Spain. He escaped to England, where he learned English, and lived in Newfoundland for a time before returning to Massachusetts in 1619.
http://www.night.net/thanksgiving/massasoit-treaty.html
    1622 - The Powhatan Confederacy massacred 350 colonists in Virginia, a quarter of the population. On Good Friday, over 300 colonists in and around Jamestown were massacred. The massacre was led by the Powhatan chief Opechancanough and began a costly 22-year war against the English. Opechancanough hoped that killing one quarter of Virginia’s colonists would put an end to the European threat. The result of the massacre was just the opposite, however, as English survivors regrouped and pushed the Powhatans far into the interior. Opechancanough launched his final campaign in 1644, when he was nearly 100 years old and almost totally blind. He was then captured and executed.  In 1644, another Indian uprising, led by Opechancanough, threatened Jamestown, but was surprised by the colonists and resulted in a treaty which forced the Indians to cede additional territory and effected a peace until 1675. Remains of the successful English settlement were found in 1996, including wood stains showing where the original wall was, the skeleton of a settler, and glass beads used for trading with the local Indians.
    1630 - The first legislation prohibiting gambling was enacted in Boston, Massachusetts.
    1713 - The Tuscarora War ended with the fall of Fort Neoheroka, effectively opening up the interior of North Carolina to European colonization.  The conflict was between the British, Dutch, and German settlers and the Tuscarora Native Americans after nearly 50 years of peaceful co-existence.  The Europeans enlisted the Yamasee and Cherokee as Indian allies against the Tuscarora, who had amassed several allies themselves. This was considered the bloodiest colonial war in North Carolina.  Defeated, the Tuscarora signed a treaty with colonial officials in 1718 and settled on a reserved tract of land in what became Bertie County.  After their defeat, most of the Tuscarora migrated north to New York where they joined their Iroquoian cousins, the Five Nations of the Iroquois Confederacy. They were accepted as the sixth nation. Their chief said that Tuscarora remaining in the South after 1722 were no longer members of the tribe.
    1765 - Britain enacted a requirement to buy revenue stamps – “The Stamp Act” - for every pair of dice, every pack of playing cards, and every newspaper, document, and pamphlet. The purpose of the tax was to raise funds to pay for the upkeep of the British army in America. Colonists mounted a sustained boycott of British goods until the tax was repealed.      
    1790 - Thomas Jefferson became the first U.S. Secretary of State.
    1794 - Congress banned U.S. vessels from supplying slaves to other countries.
    1812 - Birthday of Stephen Pearl (d. 1886), author, born in Templeton, Massachusetts. He was an ardent abolitionist, and in 1839, moved to Texas, where he converted many of the slave-owners, who were also large landowners, by showing them that they would become rapidly rich from the sale of land if immigration were induced by throwing the country open to free labor. Here he acquired considerable wealth in the practice of his profession. He also had a dedicated following around a “universal” philosophy and language.
http://www.famousamericans.net/stephenpearlandrews/
    1820 - Naval hero Stephen Decatur died from a duel. One of Decatur's colleagues, Commodore James Barron had been the subject of scandal in 1807 when he commanded the frigate Chesapeake and failed to prepare it for battle to British warship Leopold. Barron's disgraceful defeat led to his court martial in 1808. One of Decatur's naval duties was to sit on the trial of Barron's court martial. Although Decatur and Barron had been friends, Decatur agreed to a verdict that expelled Barron from the Navy for five years. This event began the thirteen-year dispute that would end on the dueling grounds in Maryland. Barron was overseas at the end of his five-year expulsion from the Navy and did not return to help defend his country during the War of 1812. Upon Barron's return to the United States in December 1818, Decatur challenged his absence during the war. In his defense, Barron claimed he had no money, and therefore could not get back to his country. Back and forth over four years, letters were written and both men stood their ground. Eventually, the quarrel became a fatal battle of honor. 
Although dueling was illegal in the city of Washington, it was still common for naval officers to challenge one another. Commodore Stephen Decatur and Commodore James Barron met on the dueling ground in Bladensburg, Maryland. Both men were shot, but Decatur was mortally wounded. He was brought back to his home on Lafayette Square and died several hours later. The nation mourned the death of a great naval hero.
http://www.decaturhouse.org/museum/history2.htm
    1842 - Publisher/abolitionist Josiah Warren (1798-1874) opens 2nd Time Store in New Harmony. Warren founded several “equity” stores, founded three utopian colonies, and wrote “True Civilization.” These stores based sales on the hours of labor and worked on the trade of these goods for the time of labor, utilizing a “clock” formula. He is considered America's first anarchist.
http://www.famousamericans.net/josiahwarren/
http://www.kat.gr/kat/history/Txt/Gl/Anarchism/JosWarren.htm
http://faculty.evansville.edu/ck6/bstud/warren.html
http://faculty.evansville.edu/ck6/bstud/nh.html
    1862 - The Confederate cruiser Oneto, built in England, sailed from Liverpool, England, bound for the Bahamas. The ship was transferred to Captain John Newland Maffitt of the Confederate Navy. He is considered one of the best-known naval commanders of the Confederate Navy. The guns and stores were sent in another ship that followed. Maffitt organized blockade-running operations from the West Indies. The high point of his career, however, was his captaincy of the commerce-raider C.S.S. Florida. In only two cruises, Maffitt took 57 prizes, wreaking over $4 million worth of damage to Union shipping. Reassigned to blockade-running in 1863, Maffitt continued to baffle Yankee captains and bring vital military cargoes into Southern ports until nearly the end of the war. Maffit was a true Naval hero known for his ingenuity, courage, seamanship and high-spirited leadership. 
http://nautarch.tamu.edu/PROJECTS/denbigh/Maffitt.htm
http://www.csnavy.org/jnm.htm
http://www.civilwar-photos.com/monthly.htm
http://www.history.navy.mil/photos/pers-us/uspers-m/j-maffit.htm
http://www.amazon.com/exec/obidos/ASIN/0872499863/
inktomi-bkasin-20/ref%3Dnosim/104-0082188-8675910
    1871 - In North Carolina, William W. Holden became the first governor of a US state to be removed from office by impeachment.  Appointed by President Andrew Johnson in 1865 for a brief term, and then elected in 1868, serving until 1871, he was the leader of the state's Republican Party during Reconstruction.  The main charges against Holden were related to the rough treatment and arrests of North Carolina citizens by state militia officer Col. George W. Kirk during the enforcement of Reconstruction civil rights legislation. Holden had formed the state militia to respond to the assassination of a Republican senator, the lynching of Wyatt Outlaw, an African-American police officer, and numerous attacks by the KKK.   After the Democratic Party regained majorities in both houses of the state legislature in 1870, he was impeached and convicted on six of the eight charges against him by the Democrats of the North Carolina Senate in straight party-line votes.  In 2011, Holden was posthumously pardoned by the North Carolina Senate.
    1872 - The State of Illinois was the first to pass a law banning sex discrimination in employment: “no person shall be precluded or debarred from any occupation or employment (except military) on account of sex.”  100 years later, the Senate passed the passed a law to prohibit sex discrimination, but it never received the necessary votes to become law. Ironically, only 35 states ratified the 1972 amendment. Among the ones that ironically did not were Illinois, Alabama, Arizona, Arkansas, Florida, Georgia,
Louisiana, Mississippi, Missouri, Nevada, North Carolina, Oklahoma, South Carolina, Utah, and Virginia.
    1874 - The Young Men's Hebrew Association originated in the 1840s as the Young Men's Hebrew Literary Association. The first YMHA opened in Baltimore, MD, in 1854, but was unsuccessful.  The first permanent YMHA was founded this day in 1874 by a group of German-Jewish businessmen and professionals headed by Dr. Simeon Newton Leo. The first president was Lewis May. A second club was started in Philadelphia in 1875.
    1882 - The Edmunds Act is passed by Congress making polygamy a felony offense, disenfranchising polygamists and barring them from public office. Apparently, the only US law to deprive citizens of their civil rights without trial. More than 1,300 men were imprisoned under the terms of this measure. It was specifically enacted to halt the growth of the Mormon religion in Utah.
http://www.u-s-history.com/pages/h734.html
http://www.vermonthistory.org/educate/Edmunds/gEdmunds.HTM
    1887 - Leonard "Chico" Marx (d. 1961) was born in NYC.  He was the oldest of the Marx Brothers. In addition to his work as a performer, he played an important role in the management and development of the act, at least in its early years.
    1893 - The first women's collegiate basketball game was played at Smith College at Northampton, MA. Senda Berenson, then Smith's director of physical education and "mother of women's basketball," supervised the game, in which Smith's sophomore team beat the freshman team 5-4.
    1899 - Ruth Page (d. 1991) was born at Indianapolis, IN. American dancer and choreographer.  She was a leading figure in Chicago dance with the Lyric Opera of Chicago, the Chicago Opera Ballet and the Chicago Ballet.
http://www.ruthpage.com/
    1907 - Trumpeter player Rex Stewart (d. 1967) was born in Philadelphia.  http://www.dnai.com/~lmcohen/BOOKS/dc801590.htm
    1908 - Birthday of Louis L'Amour (d. 1988), Jamestown, ND.  American writer of western fiction. After the 1950s, L'Amour published, at the peak of his career, several westerns a year. Best known is “Hondo.”
http://www.kirjasto.sci.fi/lamour.htm
    1912 – Character actor Karl Malden (d. 2009) was born Mladen George Sekulovich in Chicago.  He was in such classic films as “A Streetcar Named Desire,” for which he won the Academy Award for Best Supporting Actor, “On the Waterfront” and “One Eyed Jacks.”  Malden later played in high-profile Hollywood movies such as “Baby Doll,” “How the West Was Won,” and “Patton.” He starred with a young Michael Douglas as Lt. Mike Stone in the 1970s TV crime series “The Streets of San Francisco.”  Douglas freely credited Malden for the fame Douglas has received as an actor.
    1920 – James Brown (d. 1992) who played Lt. Rip Masters in “The Adventures of Rin Tin Tin,” was born in Desdemona, TX.
    1920 - A spectacular display of the Northern Lights was visible as far south as Bradenton, FL, El Paso, TX, and Fresno, CA. At Detroit, MI, the display was described "so brilliant as to blot out all stars below first magnitude".
    1931 - Yesterday was James T. Kirk’s birthday; today is William Shatner's birthday, Montreal, QC, Canada.
    1936 - Great floods were at their crest on rivers from Maine to Ohio. Pittsburgh, Pennsylvania reached 6.1 feet, Harrisburg hit 3.5 feet, and Hartford hit 8.6 feet, a depth greater than ever before. 107 lives were lost and damage was placed at $270 million.
    1943 - Singer/guitars/song writer George Benson was born in Pittsburgh. Benson began as a jazz guitarist, playing and recording with organist Brother Jack McDuff, and recording a series of mainstream jazz LPs on his own for several labels. In 1975, Benson signed with Warner Brothers, where he was encouraged to sing. The result was "Breezin'," which became the biggest-selling jazz album of all time. His hit singles, all vocals in the Stevie Wonder and Donny Hathaway mold, include "On Broadway," "This Masquerade," "Give Me the Night" and "Turn Your Love Around."
    1943 - Birthday of Keith Relf (d. 1976), vocalist, guitarist and harmonica player with the legendary British band, the Yardbirds, was born in Richmond, England. The group gave birth to three major guitar heroes of the 1960's - Eric Clapton, Jeff Beck and Jimmy Page. For his part, Relf is credited with being one of the first to use guitar feedback. After the Yardbirds broke up in 1968, Relf and another member of the group, Jim McCarty, formed a duo called Together. Relf then organized a classical rock band, Renaissance, and a heavy rock group, Armageddon. In 1976, Keith Relf was found dead in his London home with a guitar in his hands. He had died of an electric shock.
    1945 - Top Hits
A Little on the Lonely Side - The Guy Lombardo Orchestra (vocal: Jimmy Brown)
Accentuate the Positive - Johnny Mercer
My Dreams are Getting Better All the Time - The Pied Pipers
There's a New Moon Over My Shoulder - Jimmie Davis
    1948 - Andrew Lloyd Webber birthday, London, England.  Composer of such smash musicals as "Jesus Christ, Superstar," "Evita," "Cats," "Phantom of the Opera," "Starlight Express" and "Aspects of Love."  Webber, the son of a composer, studied music at the Guildhall School and the Royal College, as well as attending Oxford. With lyricist Tim Rice, Webber was asked to write a children's show for EMI Records. The result was a version of an Old Testament story, "Joseph and the Amazing Technicolor Dreamcoat," which was a moderate success.  With manager David Lands underwriting their efforts, Webber and Rice started work on a rock opera, "Jesus Christ, Superstar," which tells the story from the viewpoint of children who might have known Christ. The recording of the opera was released on two LP's in October, 1970, and four years later had sold 5.5 million copies. "Jesus Christ, Superstar" opened on Broadway in 1971 and in London a year later.   A film version, directed by Norman Jewison, was made in 1973.
    1953 - Top Hits
Till I Waltz Again with You - Teresa Brewer
Don't Let the Stars Get in Your Eyes - Perry Como
Doggie in the Window - Patti Page
Kaw-Liga - Hank Williams
    1955 - Disc Jockey Alan Freed joins the staff of Coral records as an A&R man. His two-year deal calls for him to work with Coral's parent Company, Decca, as a producer.
    1956 - Sammy Davis, Jr. starred in the play, "Mr. Wonderful," in New York City. The critics were unkind, saying that they didn't care for the production. Audiences, however, gave it ‘thumbs up' and the show went on to be one of Broadway's more popular musicals, catapulting Davis into the limelight. He appeared with Frank Sinatra in Las Vegas, as Sinatra was also making a comeback, having won the Academy Award in 1954 as best supporting actor in “From Here to Eternity.” They became fast friends. The public black and white relationship was ahead of its time.
    1956 - Perry Como became the first major TV variety show host to book a rock and roll act on his program. The ‘Incomparable Mr. C.' booked Carl Perkins for the show and Perkins sang "Blue Suede Shoes."
    1958 - Movie producer Mike Todd and three other passengers were killed when the Lockheed Lodestar aircraft they were in exploded while in midair. Mike Todd was Elizabeth Taylor's third husband and she took his untimely death very hard. It was reported that Taylor had planned to be on board as well but her husband discouraged her from the trip due to an illness she was getting over. Todd produced the Oscar-winning movie from two years earlier, “Around the World in 80 Days,” and introduced innovative methods of filming to the industry.
    1958 - At the urging of his mother, Hank Williams, Jr. makes his stage debut in Swainsboro, Georgia. He is the eight-year-old son of the late country singer (who passed away New Year's Day, 1953) and his wife, Audrey Williams. It would take years and a near-fatal accident before he could develop a style of his own and come to terms with being the son of one of country music's greatest performers
    1960 - The first patent for a laser (light amplification by stimulated emission of radiation) granted to Arthur Schawlow and Charles Townes.  Schawlow shared the 1981 Nobel Prize in Physics with Nicolaas Bloembergern and Kai Siegbahn for his work on lasers. He also was married to Townes’ sister.  He then took a position with Townes at the physics department of Columbia University in the fall of 1949. Schawlow coauthored “Microwave Spectroscopy” (1955) with Townes. Also with Townes, they prepared a much disputed, by Gordon Gould, laser patent filed by Bell Labs in 1958.  Townes was known for his work on the theory and application of the maser, on which he got the fundamental patent, and other work in quantum electronics connected with both maser and laser devices.  He shared the 1964 Nobel Prize in Physics with Nikolay Basov and Alexander Prokhorov.
    1961 - Top Hits
“Surrender” - Elvis Presley
“Where the Boys Are” - Connie Francis
“Dedicated to the One I Love” - The Shirelles
“Don't Worry” - Marty Robbins
    1961 - Industrial designer Raymond Loewy made this sketch of a futuristic sports car at the request of Sherwood Egbert, the recently appointed president of the ailing Studebaker Corporation. Egbert charged Loewy to design a new car bold enough to capture the popular imagination and boost the company's sagging fortunes. Loewy and his team of designers produced a prototype in record time, and the Avanti debuted in the spring of 1962 to rave reviews. My parents liked it so much they sold their Olds to get a red Avanti. http://memory.loc.gov/ammem/today/mar22.html
    1962 - The play, "I Can Get It For You Wholesale," opened on Broadway. It featured a 19-year-old named Barbara Streisand. She stopped the show at the famed Shubert Theatre in New York City. Streisand starred as Miss Marmelstein. Audiences kept coming back for more of Barbara for 300 performances.
    1963 - "Our Day Will Come" by Ruby and The Romantics topped the Billboard Hot 100.
    1966 - Sopwith Camel appears at theMatrix in the San Francisco Marina District.     
    1962 - A former member of the New York Giants, requesting anonymity, later revealed as Sal Yvars, revealed that Bobby Thomson's home run in the 1951 National League playoffs against the Brooklyn Dodgers – the “Shot Heard ‘Round the World” - was helped by a sign-stealing clubhouse spy. The spying is claimed to have gone on for the last three months of the season. Thomson, along with former Giants manager Leo Durocher, vehemently denied that he received help, but a source close to the team confirmed the spy operation. Wiki: “At the urging of manager Leo Durocher, coach Herman Franks, a catcher in his 11-year Major League career, took a seat behind the scoreboard and watched the opposite catcher's signals through a telescope.  Using an electric buzzer, he relayed what he saw through an electrical signal to the dugout, where the Giants' batter would be informed of what pitch was coming. According to the book “The Echoing Green” that revealed the scheme, the system was installed on July 20. What is known is that the Giants were nearly unbeatable at home after that date closing the season with a 37-7 record. However, before one jumps to the conclusion that they "stole" the pennant through this devious tactic, it should also be noted that they were also a tremendous team on the road.
    1967 - McNERNEY, DAVID H., Medal of Honor
Rank and organization: First Sergeant, U.S. Army, Company A, 1st Battalion, 8th Infantry, 4th Infantry Division. Place and date: polei Doc, Republic of Vietnam, 22 March 1967. Entered service at: Fort Bliss, Tex. Born: 2 June 1931, Lowell, Mass. Citation: 1st Sgt. McNerney distinguished himself when his unit was attacked by a North Vietnamese battalion near polei Doc. Running through the hail of enemy fire to the area of heaviest contact, he was assisting in the development of a defensive perimeter when he encountered several enemy at close range. He killed the enemy but was painfully injured when blown from his feet by a grenade. In spite of this injury, he assaulted and destroyed an enemy machinegun position that had pinned down 5 of his comrades beyond the defensive line. Upon learning his commander and artillery forward observer had been killed, he assumed command of the company. He adjusted artillery fire to within 20 meters of the position in a daring measure to repulse enemy assaults. When the smoke grenades used to mark the position were gone, he moved into a nearby clearing to designate the location to friendly aircraft. In spite of enemy fire he remained exposed until he was certain the position was spotted and then climbed into a tree and tied the identification panel to its highest branches. Then he moved among his men readjusting their position, encouraging the defenders and checking the wounded. As the hostile assaults slackened, he began clearing a helicopter landing site to evacuate the wounded. When explosives were needed to remove large trees, he crawled outside the relative safety of his perimeter to collect demolition material from abandoned rucksacks. Moving through a fusillade of fire he returned with the explosives that were vital to the clearing of the landing zone. Disregarding the pain of his injury and refusing medical evacuation 1st Sgt. McNerney remained with his unit until the next day when the new commander arrived. First Sgt. McNerney's outstanding heroism and leadership were inspirational to his comrades. His actions were in keeping with the highest traditions of the U.S. Army and reflect great credit upon himself and the Armed Forces of his country.
    1967 - Elvis Presley begins filming his 25th movie, “Clambake,” in Los Angeles.
    1967 - The Who make their US stage debut, performing at the Paramount Theater in New York City.     
    1969 - UCLA defeated Purdue 92-72 to win the National Collegiate Athletic Association (NCAA) men’s basketball championship. The Bruins were the first team to win three consecutive championships -- all under legendary head coach John Wooden. UCLA went on to dominate the college basketball title through the 1973 season, winning the NCAA Championship 10 times under Wooden.
    1969 - Top Hits
“Dizzy” - Tommy Roe
“Traces” - Classics IV featuring Dennis Yost
“Indian Giver” - 1910 Fruitgum Co.
“Only the Lonely” - Sonny James
    1972 - The Senate passed the 27th Amendment, prohibiting discrimination on the basis of sex, sending it to the states for ratification. Hawaii led the way as the first state to ratify and by the end of the year, 22 of the required states had ratified it. On Oct 6, 1978, the deadline for ratification was extended to June 30, 1982, by Congress. The amendment still lacked three of the required 38 states for ratification. This was the first extension granted since Congress set seven years as the limit for ratification. The amendment failed to achieve ratification as the deadline came and passed and no additional states ratified the measure. 
http://www.equalrightsamendment.org/
    1972 - The Yankees trade first baseman Danny Cater to the Red Sox for lefty reliever Albert Walter Lyle. Over the next seven years, Sparky will pitch in 420 games in relief with 57-40 record and a 2.41 ERA notching 141 saves as he helps the Bronx Bombers to appear in three World Series, winning two.  A three-time All-Star, he won the American League Cy Young Award in 1977, the first relief pitcher ever so honored in the AL.  He led the in saves in 1972 and 1976.  In a move only George Steinbrenner could make, right after Lyle won the Cy Young, he signed free agent Goose Gossage and Lyle was traded to Texas after the 1978 season and the 1978 World Series in which he did not appear.  Teammate Graig Nettles: “He went from Cy Young to sayonara.”
    1975 - Barry Manilow makes his first US television appearance, performing "Mandy" and "It's A Miracle" on ABC-TV's American Bandstand.
    1975 - Frankie Valli's "My Eyes Adored You" hits #1.
    1976 - Presidential candidate Jimmy Carter tells the audience at the National Association of Record Merchandisers' Scholarship Foundation Dinner that Bob Dylan, the Grateful Dead, Led Zeppelin and other bands inspired him while working late nights when he was the Governor of Georgia. To prove he would never lie to them, he quoted lines from the Beatles' "Yesterday" and Dylan's "Blowin' in the Wind.
    1977 - A blockbuster coastal storm lashed New York and New England. Norfolk, Connecticut was buried under 33 inches of snow. 24 inches was reported at Pittsfield, Massachusetts and 18 inches piled up at Gardner, Massachusetts. Snow amounts exceeded 30 inches in the Catskills in southeastern New York. 3 to 5 inches of rain deluged south coastal New England and wind gusts reached 60 to 90 mph. A 450 foot radio tower in Framingham, Massachusetts was toppled by the high winds.
    1977 - Top Hits
Love Theme from "A Star is Born" (Evergreen) - Barbra Streisand
“Fly like an Eagle” - Steve Miller
“Rich Girl” - Daryl Hall & John Oates
“Southern Nights” - Glen Campbell
    1977 - Comedienne Lily Tomlin made her debut on Broadway, as "Lily Tomlin on Stage" opened in New York.
    1977 - Stevie Wonder releases the single, "Sir Duke." The tune was a tribute to Duke Ellington and would spend 3 weeks at #1
    1977 - The John Denver TV special, “Thank God, I'm A Country Boy” aired on ABC-TV. Guests included Johnny Cash, Glen Campbell and Roger Miller.
    1982 - Diana Ross' first solo album for RCA, "Why Do Fools Fall in Love," goes platinum less than three months after its release.
    1985 - Top Hits
“Can't Fight This Feeling” - REO Speedwagon
“The Heat is On” - Glenn Frey
“Material Girl” - Madonna
“Crazy for Your Love” – Exile
    1988 - Rain and high winds battered the Northern Pacific Coast Region, with wind gusts to 78 mph at Ocean Shores, WA. The high winds uprooted trees and down power lines. Ten cities in the northeastern U.S. reported new record low temperatures for the date. Eight cities in the central U.S. reported record highs. Southerly winds gusting to 60 mph helped push the mercury at Ottumwa, IA to a record warm reading of 83 degrees    1989 - Dick Clark announces he'll no longer host "American Bandstand," ending a 33-year run.
    1989 - Six cities in the Great Lakes Region, and three in southern Texas, reported new record low temperatures for the date, including Alpena, MI with a reading of 9 above zero, and Brownsville, TX with a reading of 38 degrees.
    1990 - A surge of arctic air kept temperatures in the teens and 20s during the day in the north central U.S., and heavy snow fell over parts of Montana. Record warmth was reported in the western U.S., and in Alaska. Phoenix, AZ reported a record high of 94 degrees, and the town of Barrow, located along the arctic coast of Alaska, reported a record high of 20 degrees.
    1991 - At Sotheby's in NYC, a 1909-10 baseball card in mint condition of Honus Wagner sold for $451,000, with the 10% auction house premium. Ice hockey legend Wayne Gretzky and Los Angeles Kings owner Bruce McNall purchased the rare card. On the same day, a 1952 Topps card of Mickey Mantle sold for $49,500, tripling the pre-auction estimate, while a baseball signed by 12 players at the 1939 Baseball Hall of Fame induction ceremony, sold for $20,900.  A new all-time record was established when a 1952 Topps Mickey Mantle rookie card sold for $5.2 million in Dec, 2020.
    1993 – Intel shipped the first Pentium chips (80586), featuring a 60 MHz clock speed, 100+ MIPS, and a 64-bit data path.
    1999 - Top Hits
“Believe” - Cher
“Heartbreak Hotel” - Whitney Houston Feat. Faith Evans
“Angel of Mine” - Monica
“I Still Believe” - Mariah Carey
    2011 - South Dakota Governor Dennis Daugaard signed an abortion bill that requires women to undertake counseling and wait 72 hours, the longest period in the U.S.
    2014 - Mt. Gox, the Bitcoin exchange that filed for bankruptcy, announced that it found 200,000 of the 800,000 missing bitcoins belonging to customers.  The missing bitcoins were overlooked because they had been stored in an older format in a 'wallet' presumed to be empty.

NCAA Basketball Champions:
    1958 - Kentucky
    1969 - UCLA