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

kitmenkin@leasingnews.org
   

 


Wednesday, May 20, 2015



Today's Equipment Leasing Headlines

Lease One Tagged for Fraud
  in Lease Commitment
     by Tom McCurnin, Leasing News Legal Editor
 Position Wanted – Senior Management
SOLVE Capital Group Acquires Metrix
  Leasing Industry Ads---Help Wanted
NAELB Elects New Board of Directors
   Pete Sawyer is President
Rosanne Wilson, CLFP, BPB Receives
  NAELB President's Award
Leasing Schools/Franchisors
   Updated
Walmart's e-commerce up 17%
  (Growth of Mobile and E-Commerce)
Finding Fleet Leasing Options
  RefrigeratedTransporter.com
New IdentityTheft.gov Website
NACHA Membership Approves Same Day ACH
Leasing Leaders to Discuss the Chinese Leasing Industry
   in the Economic Slowdown
Boxer Mix
Marblehead, Massachusetts  Adopt-a-Dog
   Take the Ralph Mango Baseball Challenge
News Briefs--- 
 Phone Leasing Program Moves Forward Sprint-
  RadioShack 1,435 Stores to Be Fully Staffed by Mid-June
   Takata Airbag Recall Rises to Affect More Than 30 Million Vehicles
    Sprint, Verizon paying $120M to settle lawsuit over third-party charges
  No Loyalty? Millennials Not Afraid to Dump Their Banks
   Top 10 ways David Letterman will end his historic late-night run

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Top Ten Stories Chosen by Readers | Top Stories last six months

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[headlines]

--------------------------------------------------------------


Lease One Tagged for Fraud
in Lease Commitment
by Tom McCurnin
Leasing News Legal Editor

Broker Promised Lease Financing, Took a Deposit, and Failed to Deliver Financing Consistent With Proposal. Court Allows Fraud Case to Go to Trial. 

DEER VALLEY TRUCKING INC., an Idaho corporation, Plaintiffs,
v.
LEASE ONE CORP., a Massachusetts corporation, Joseph L. Angelo, Rick Lopez, First Financial Brokerage, Inc., a New Jersey corporation, and Robert Searcy, Defendants.

Deer Valley Trucking Inc. v. Lease One Corp 2015 WL 93843 (D. Idaho 2015). 

Some Brokers promise lessees the world and then don’t deliver. The typical scam is to “approve” a lessee for proposed financing, collect a large, up front, deposit, and then claim that additional financial information is necessary. The Broker strings the lessee along, and ultimately the deal craters and the Broker keeps the deposit. Today’s case might be a lesson to those Brokers whose business model is to pocket a lessee’s deposit. This business model did not end well for the Broker. The facts follow. 

Lessee Deer Valley Trucking is an Idaho trucking company, providing transportation services to oil companies. In 2011, Deer Valley sought lease financing from Broker Lease One for 100 vacuum trailers, a specialized trailer used to transport oil.

Broker Lease One, a Lynnfield, Massachusetts broker, proposed to provide the $5 million dollars to Deer Valley. The lease document signed by the parties identified Lease One as the lessor (even though they are only a broker) and owner of the equipment and provided for a 36–month lease of 100 trailers, at a lease rate of $159,958.00 per month, with an option to acquire the trailers at 10%. In addition, the equipment lease agreement required Deer Valley to provide a nonrefundable down payment of $344,918.00. Deer Valley wired the down payment of $344,918.00 and signed the lease agreement and returned it to Lease One.

Lease One never provided the financing as promised. Instead, they procured financing from Sentry Financial at much higher rates, and for a fair market value purchase option instead of the 10% put promised. When Deer Valley balked, and demanded its deposit back, Lease One refused. 

Deer Valley brought suit against Lease One, and its principals for (1) racketeering, (2) fraud, (3) breach of contract, (4) breach of the covenant of good faith and fair dealing, (5) unjust enrichment, (6) implied contract/quantum meruit, and (7) conversion. 

The Broker filed a summary judgment arguing that the lease signed by all parties was really not binding. Instead, the Broker argued that it the deal was “evolving,” and the jury will have look at both the lease, the later lease proposal provided by Sentry Financial, as well as the emails between the parties, to determine what the parties intended. 

Deer Valley of course argued that the lease agreement was signed by all parties and was in fact binding. Moreover, if there was no binding agreement, then Lease One should have refunded the deposit. 

The Court held that a jury could conclude in this case that the Broker failed to act reasonably and in good faith in carrying out the contract terms. The Court further held that a jury could conclude that the Broker violated the covenant of good faith and fair dealing. Finally, the Court held that a jury could infer that the Broker promised to provide financing on terms it knew it could never provide and within a time frame in knew it could not meet in order to induce Deer Valley to pay the non-refundable deposit. The Court noted that if true, these allegations would constitute fraud. The Court overruled the summary judgment, and ordered that the parties proceed to trial.  It should be noted that Lease One’s principals were also sued and will be facing trial. 

What are the takeaways here?

First, if the reader is a broker, don’t promise financing that you can’t really deliver. And if you can’t deliver the financing, refund the customer’s money. 

Second, for brokers—don’t expect to escape liability because you’ve organized the company as a corporation. In this case, the individual principals were sued personally.

Third, there may or may not be a happy ending for the broker here, as the customer filed a Chapter 11 bankruptcy, but certainly will be pursuing the claim either in district court, or as an adversary action within the bankruptcy. 

The bottom line to this case is the broker promised something it couldn’t deliver, took a deposit, then refused to return it, landing the broker and its principals in court in Idaho.

Lease One Case
http://www.leasingnews.org/PDF/LeaseOneCase2015.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html


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

Position Wanted---Senior Management

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.

--

Senior-level leasing executive accomplished in sales, finance, operations and marketing. Seeking new opportunity to capitalize on my strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that inspire cross-functional teams to enhance corporate performance and shareholder value. Adept negotiator of multi-million dollar lease program agreements and contracts. Driver of increased sales productivity, incremental revenue, operating expense reductions and customer acquisition/retention.
reg.lindholm@gmail.com

 

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


SOLVE Capital Group Acquires Metrix



SOLVE Capital Group, Irvine, California has acquired Metrix, Anaheim Hills, California. Jeff Brannon and Kurt Miklinski are Managing Partners with Bill Miller as Partner.

"We’re a funder first," Bill Miller said, now partner in Solve Capital Group, former COO of Metrix said. "We broker deals that don’t fit our guidelines i.e. operating capital requests as opposed to GROWTH capital needs.

"We also provide equity investments (we currently have over 14 portfolio companies that we own a piece of) into the right scenarios as well as provide advisory services. 

"While we do small ticket to middle ticket sale-leasebacks, we love equipment purchases and SLB deals. $50k-$500k is the sweet spot. Any equipment type and we’re willing to hear a story. Balance of cash flow, collateral and credit is what we’ll base the decision on.

 "Our mission is to understand the business's story, educate the owners on a variety of options and lend money within the business's economic framework.  We fashion ourselves as a story lender, while focusing on event driven needs.  Contracts, POs, Planned Expansions and Acquisitions are all events we lend/invest in to support with debt and/or equity structures. Our terms on equipment range from 12-36 months and weekly to quarterly payments are available.

"We are currently accepting broker business for equipment and growth capital transactions."

http://www.solvecapitalgroup.com/

 


(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

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

 

 

Leasing News Reaches Your Audience!

The idea is to attract an applicant to learn more, either to click to a full description on your web site or to a full job description attachment (free, no charge). The ad also can advertise the abilities of your company.

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You can have a brief ad which clicks to a full description and/or email address.

Cost

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Contact: kitmenkin@leasingnews.org

Leasing News reserve the right to refuse advertising,
particularly to a company that has appeared in the complaint bulletin board or evergreen abuse list.

 

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


NAELB Elects New Board of Directors
   Pete Sawyer is President

The National Association of Equipment Leasing Brokers has elected new officers and directors for 2015-2016.

President


Pete Sawyer, CLFP
Sun South Equipment Leasing
Lakeland, Florida

President-Elect


Mike Parker
Credential Leasing
Fort Myers, Florida

Vice President


Rodney Blecha
Precision Leasing, Inc.
Lenexa, Kansas

Secretary Treasurer


Jaime Kaneshina, CLFP
Cambridge Capital
Chino Hills, California

Immediate Past President


Joan Modes
GEM Commercial Credit
Livonia, Michigan

Directors-at Large


Sheri Bancroft
Bancroft Leasing
Memphis, Tennessee


Henry Grace
U.S. Financial Companies,
Columbus, Ohio


Doug Richter
Accord Financial Group
Covington, Ohio

Remaining on the board and
as Legal Council


Joseph Bonanno, CLFP
Burlington, Massachusetts

Two board members terms are up and are
noted for their excellent service.
Leaving are:


Patrick Sponsel
Sharpe Financial Network
Phoenix, Arizona
Immediate Past President


Gary Greene, CLFP
Lease$mart
Tucson, Arizona
Now Coordinator for the
NAELB Leasing School

 

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


Rosanne Wilson, CLFP, BPB Receives
NAELB President's Award

Leasing News is proud to announce that Rosanne Wilson, CLFP, BPB, long time Advisory Board member and Champion, has received the first National Association of Equipment Brokers ”President's Award.”

"NAELB’s President’s Award is presented to one individual (Funder, Broker, Associate), chosen by the president, who has been an emissary of the Association through volunteerism, committee service, industry advocacy or other initiatives that best represent NAELB’s credo SUCCESS BY ASSOCIATION.

"Wilson served on the NAELB Board for five years, as well as on the CLP Foundation's board as their President. Currently, Wilson serves on the Leasing News Advisory Board and is the Chair of NAELB’s Membership Committee. In addition, Wilson has been a volunteer mentor of new members and participates in the screening process for new NAELB members. 

"Among Wilson’s professional achievements was earning her CLFP designation in 1998. She was honored with the NAELB Lifetime Membership Award in 2012."

She is a 24 year member of the Beaverton Chamber of Commerce and is listed in the Who’s Who of Business Leaders. Rosanne enjoys mentoring brokers who are new to the industry as she believes in helping others become successful in this business and instill in them a strong sense of ethics.

Rosanne has been active in the equipment leasing industry since 1985. Rosanne founded 1st Independent leasing, Inc. in 1990 and is currently celebrating her 25th year in business. Previously, she spent 12 years with Transamerica Financial Services and was the Branch Manager of the Portland, Oregon office.

She is married and has 2 children and 4 grandchildren. She is now a Great Grandmother, with a baby boy born in February, Aiden Kyle Brandenburg. Her hobbies include travel with her husband, spending time with her family and 3 cats, and gardening. 

Rosanne Wilson, CLP
1st Independent Leasing, Inc.
3800 SW Cedar Hills Blvd., Suite 165
Beaverton, OR 97005
(800) 926-0851 or Fax: (503) 626-1631
rosanne@1stindependentleasing.com
"It's the Lease We Can Do"
www.1stindependentleasing.com


 

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

Leasing Schools/Franchisors 
(For our "Financial and Sales Training" list, please click here)

Global Leasing
NAELB
Wheeler Leasing School

(does not include those specifically employed in training or education, but who have a similar program as the following entities:)

------------------------------------------------------------------

Global Financial Training Program
Over 35 Years of Experience Financing Businesses

Program Cost: $19,950.00

Phil Dushey
President & CEO

In 2001, Global Leasing founder Phil Dushey created a new company to train independent entrepreneurs who want to enter the lucrative field of business financing. Global Financial Training Program teaches all aspects of finance including Equipment Leasing, Accounts Receivable Financing, Cash Advance, Commercial Real Estate, SBA Loans and much more. Phil’s students have found great success with his program.

Mr. Dushey is a founding member of the National Association of Equipment Leasing Brokers. He has been a member and speaker at many leasing organizations for several years. He is also a founding member of the leasing news advisory board.

Global Financial Training Program provides students with everything they need to start making money immediately after four days of training. As a full-service finance company you will provide a valuable service for business owners that have difficulty getting financing from their local banks. The banks are turning down over 90% of business loan applications and you can approve at least 50% of the turndowns. After the training at their offices in New York City trainees are instantly approved with over 25 lenders, get a custom designed website, stationery package, 1000 leads and enough marketing to have their phones ringing the first week after the training and much more... It's easier than you think to fulfill your dreams of independence, living the life you deserve and enjoying the prestige of owning your own company.

You don't need prior experience. All you need is the desire to be your own boss, the ability to learn, good people skills, and a passion to succeed and make a lot of money.

How much, is up to you...

Philip Dushey
President & CEO
Global Financial Services
1 State Street, 21st Floor
New York NY 10004
Email phil@gbtsinc.com
www.globalfinancialtrainingprogram.com 
Phone: 212-480-4900

The Global Group of independently owned companies are:

Global Financial Services | www.globaleasing.com
We have been actively providing financial services for 35 years

Global Church Financing | www.globalchurchfinancing.com
One of the largest independent companies financing equipment for churches nationwide

Global Financial Training Program | www.globalfinancialtrainingprogram.com
The oldest and most comprehensive training program for people who want to own their own finance company

Mr. Dushay is also on the Leasing News Advisory Board 
http://www.leasingnews.org/Advisory%20Board/Dushay_Phil.htm

Moving America Forward is a business television show hosted by William Shatner, anchored by Doug Llewellyn. On this episode we talk to Phil Dushey about his business opportunity and Global.

 

----------------------------------------------------------------

NAELB Leasing School


Program Cost:
Standard Class: $18,950
Premium Package: $28,450

  

(Faculty and Staff include Charles “Bud” Callahan, CLFP, BPB, School Director, with Linda Kester, Marketing Director, Gary Greene, CLFP, BPB, Executive Director and Joseph G. Bonanno, Esq., CLFP, attorney)
http://www.naelbschool.com/bio/

NAELB Leasing School teaches entrepreneurs how to own, operate
and succeed in their own equipment leasing and finance brokerage business.

The National Association of Equipment Leasing Brokers is the only major leasing association to offer an equipment leasing program to become a leasing broker.

The National Association of Equipment Leasing Brokers offers the most comprehensive specialty financial educational symposium in the industry, providing:

  • A week long intensive hands-on learning experience with after-hours discussions of real-world leasing situations and valuable course materials including handbooks, industry software and more
  • Real-world training by experts in the field (our instructors have been active in the industry for at least 25years each)
  • Training week concludes with FREE admission to the following NAELB Conference, offering the perfect opportunity to expand your networking with lenders, industry service providers and fellow brokers who are eager to provide support as you develop your business
  • One full year of mentoring from experienced NAELB brokers who help you navigate the pitfalls and point you toward business solutions
  • One full year of membership in the NAELB, the nation’s largest leasing broker association formed by brokers for brokers, and use of all member benefit programs
  • Graduates are able to deal directly with multiple quality funding sources -­‐ no obligation to split fees with the school or school mentors 

    Although many other schools spend less than 1 day discussing the ins and outs of leasing, we spend approximately 40 hours focused on commercial equipment leasing in its modern variations.  We don't take any of our students' time discussing commercial mortgages, LBO's, SBA loans or any of the dozens of other financial products taught at other training programs.

The standard class price is $18,950. Hotel, airfare allowance, meals, NAELB membership, COURSE MATERIALS, INDUSTRY TOOL KITS, and mentorship, are all included at this price.  A premium package, priced at $28,450, includes 5 options selected by the student from a menu of available upgrades.  We offer a $2,000 discount for 'early bird' registration (60+ days in advance of the selected class).  Interested students should call 855-411-ELBS to inquire about other discounts which may be available.

For more information, please visit www.NAELBSchool.com or call 855‐411‐Equipment Leasing Broker School (3527)

---------------------------------------------------------------

Wheeler Leasing School

Program Cost: $18,500

Overview

Wheeler Business Consulting L.L.C. provides training and continuous support to individuals seeking to enter the leasing/financing industry. The leasing/financing industry provides much needed funds to businesses looking to acquire essential equipment. Entrepreneurs nationwide are originating equipment financing and leasing transactions assisting small, medium and large companies. It is estimated that 80% of all businesses have leased equipment and that nearly one-third of all equipment purchased by corporations is funded by independent finance and leasing agreements.

There are tremendous opportunities to enter the leasing/financing industry. There are few barriers to entry. Individuals who are properly trained, who are networked with local, regional and national funding sources can arrange transactions for their corporate clients in the range of a few thousand dollars to multi-million dollars.

As with most businesses, the establishment of a lease brokering operation is a long term proposition. However, with the proper training, support and encouragement, an individual can start making above average incomes relatively quickly. Within two to five years an individual should expect to generate an income which is well in the six figure range.

With quality training, individuals will be able to offer consistent, high spirited customer service to their commercial clients. Successful lease brokers can build a business from a small home based operation to a full service office in a relatively short period of time.

My goal is to share my thirty plus years of industry experience with others who are serious about learning and succeeding in the leasing/financing industry.

Contact Information: 
Wheeler Business Consulting LLC 1314 Marquis Ct.
Fallston, Maryland 21047

Phone: 410-877-0428
Fax: 410-877-8161
email: scott@wheelerbusinessconsulting.com

Website: www.wheelerbusinessconsulting.com


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

Walmart's e-commerce up 17%
(Growth of Mobile and E-Commerce)
By Jacqueline Renfrow
www.fierceretail.com

In the midst of rolling out a global technology platform to make e-commerce and mobile shopping easier, Walmart (NYSE:WMT) announced that digital sales grew 17 percent in the first quarter.

Specifically in the United States, e-commerce saw double-digit comp growth across many departments, and mobile traffic was up more than 100 percent, complete with higher conversion rates.

Doug McMillon, president and CEO of Walmart, said during a quarterly earnings call that the big-box retailer was investing in stronger mobile and e-commerce by rolling out a simplified checkout process on Walmart.com.

McMillon said the company's Asda brand grew home shopping in the double digits and the success is being leveraged to test delivery and pickup services in more locations. In addition, Walmart recently announced a new fulfillment center in Brazil to accommodate growth, the second one dedicated solely to e-commerce. Two new fulfillment centers in the United States are also slated for opening during this quarter, followed by others later in the year.

McMillon is reinforcing the company's commitment to people and technology. Under his direction, Walmart is raising employees' hourly wages and improving store structure, which includes adding in department managers.

"This set of initiatives is designed to improve the customer experience and translate into higher comp store sales over time," McMillon said. "We know that we won't see it overnight, but we're confident these are the right things to do for our business and our team."

Overall, Walmart's revenue reached $114.8 billion for the quarter, with Walmart U.S. sales up 3.5 percent and comp sales up 1.1 percent.

(Not mentioned: Wal-Mart's net profit fell to $3.34 billion, or $1.03 per share, in the first quarter ended April 30 from $3.59 billion, or $1.11 per share, a year earlier. Sales of groceries, which account for more than half of the company's total, were flat, Chief Financial Officer Charles Holley said on a call with reporters. Many large retailers also reported revenues as flat.  These numbers were not serious, counting all the changes in pay, positions, as well as in company direction. The move from direct to digital is not very easy for all segments, although shows much promise for Walmart. Editor).


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


Finding Fleet Leasing Options
RefrigeratedTransporter.com

Truck leasing has evolved into a big business, and many transportation companies are finding it more profitable to lease part or all of their fleets from another firm. For one thing, monthly costs are fixed, with no hidden surprises for maintenance or purchasing; in addition, all leasing costs can be written off as expenses on tax day, instead of relying on depreciation to lessen the taxation burden.

As each company has different needs, leasing companies can be found to fit any type of requirement, from simple trailer leases to tractors, straight trucks, and even drivers and management personnel.

A number of Web sites have appeared providing information for lessees.

  • Xtra Lease, for example, provides information for its line of refrigerated trucks, branch locations, and an online application form.
  • Transport International Pool (TIP) gives facts about the group's products and services, from refrigerated users (its main consumer target) to value-added services and branch locations.
  • PacLease, the leasing unit of Paccar, the maker of Kenworth and Peterbilt trucks, has a Web site featuring anything from leasing to fleet consulting, maintenance, dedicated transport, short-term rental trucks, tire service, truck painting, and insurance, to name just some services. PacLease claims to have experience in food and retail distribution and has international information for Mexico and Canada.
  • Finally, Rollins Leasing provides leasing, rental, maintenance, dedicated transport, and logistics services on its Web site.

 



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


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

New IdentityTheft.gov Website

Recovering from identity theft is easier with a plan. If someone has stolen your identity, or you’ve gotten a notice about a data breach, visit the FTC’s new site at IdentityTheft.gov for help.

IdentityTheft.gov is the federal government’s one-stop resource to help you report and recover from identity theft.

It’s also available in Spanish at RobodeIdentidad.gov.

Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167
www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

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

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

NACHA Membership Approves Same Day ACH

Industry Comes Together to Move Payments Faster
 on the ACH Network

HERNDON, Va., - NACHA —The Electronic Payments Association ® announced that its voting membership approved Same Day ACH, an amendment to the NACHA Operating Rules to move payments faster. The rule enables a ubiquitous same-day capability for virtually any ACH transaction, creating options for the businesses, governments and consumers who want to move their money faster.


Janet O. Estep
President and CEO
NACHA

“The financial services industry has come together through private-sector rulemaking to increase the speed of payments,” said Janet O. Estep, president and CEO of NACHA. “Same Day ACH serves as an immediate action the industry has undertaken to modernize the payments system, and creates a building block for a variety of products and services. Same Day ACH creates value for end users through the certainty of its reach to all bank accounts in the U.S.”

Same Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH. Under the rule, two new same-day settlement windows will be added to the ACH Network, increasing the movement of funds between financial institutions from once each day to three times each day. The rule also requires that all Receiving Depository Financial Institutions (RDFIs) receive same day transactions and provide faster funds availability to customers. Additionally, the rule establishes the methodology for a Same Day Entry fee as a mechanism for RDFIs to recover some of their costs for enabling and supporting mandatory receipt of same-day ACH transactions.

The final rule closely mirrors the proposal outlined in the industry Request for Comment (RFC). With broad ACH Network user support for that proposal, modifications to the final rule were predominantly technical and operational in nature. Specifically, there were three key changes, reflecting feedback from the RFC process. First, the morning same-day window was modified to allow for more time to process transactions, with settlement occurring at 1:00 p.m. ET. This new settlement time would become effective in Phase 1 instead of Phase 3, as originally proposed. Secondly, the rule creates an option for an additional method for ODFIs to use, at their discretion, with their Originators to determine intent for same-day settlement. Finally, there was an adjustment to the methodology for calculating the Same Day Entry fee to exclude opportunity costs from its calculation.

“Through dialogue, input and outreach, NACHA was able to balance differing perspectives and incorporate industry feedback from many types of organizations,” said Estep. “The result of this dialogue is a final rule that will benefit consumers and businesses that need to quickly pay bills and receive funds faster.” 

Same Day ACH will be implemented in a phased approach. In Phase 1, ACH credit transactions will be eligible for same day processing, supporting use cases such as hourly payroll, person-to-person (P2P) payments and same-day bill pay. In Phase 2, same-day ACH debits will be added, allowing for a wide variety of consumer bill payment use cases like utility, mortgage, loan and credit card payments. Phase 3 introduces faster ACH credit funds availability requirements for RDFIs; funds from Same Day ACH credit transactions will need to be available to customers by 5 p.m. RDFI local time. Phase 1 is scheduled to begin September 23, 2016.

NACHA estimates Same Day ACH payments will be generated from 10 primary use cases, and 63 sub-use cases, including same-day payrolls, expedited bill payments, business-to-business (B2B) payments, and account-to-account (A2A) transfers. The majority of Same Day ACH payments are expected to enhance existing ACH applications, giving consumers and businesses the choice of speed.

For more information about the Same Day ACH Rule, visit www.nacha.org/same-day-ach.

About NACHA—The Electronic Payments Association

Since 1974, NACHA – The Electronic Payments Association has served as trustee of the ACH Network, managing the development, administration and rules for the payment network that universally connects all 12,000 financial institutions in the U.S. The Network, which moves money and information directly from one bank account to another, supports more than 90 percent of the total value of all electronic payments in the U.S. Through its collaborative, self-governing model, education, and inclusive engagement of ACH Network participants, NACHA facilitates the expansion and diversification of electronic payments, supporting Direct Deposit and Direct Payment via ACH transactions, including ACH credit and debit payments, recurring and one-time payments; government, consumer and business transactions; international payments, and payments plus payment-related information. Through NACHA’s expertise and leadership, the ACH Network is now one of the largest, safest, and most reliable systems in the world, creating value and enabling innovation for all participants. Visit nacha.org for more information.

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

 

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

Leasing Leaders to Discuss the Chinese Leasing Industry
in the Economic Slowdown

As China's GDP slows down to its lowest since 1990, the country's top equipment vendors and financial leasing companies are to meet with government officials and industry associations in order to discuss the best practices to surviving in the current economic climate which is going through a period of profound change.

Indeed, despite the challenges facing the Chinese economy, the leasing industry here has maintained steady growth with total turnover rising from RMB 2.1 trillion in December 2013 to RMB 2.35 trillion in March 2014 to RMB.

Despite this, at the end of the third quarter of 2014, the value of assets held by China's leasing companies rose 45 percent to 1.22 trillion yuan ($196.91 billion) from the end of the first quarter of 2013. This comes a year after the global regulations known as BASEL III were put in place that forced Chinese banks to meet higher capital adequacy rules. This may be an indication that lessors are increasingly exposing banks to underperforming industries and exposing them to an increasing amount of risk.

All of these issues, and more, are to be thrashed out at the 8th China Leasing Summit 2015 on June 10-12, 2015 at the Crowne Plaza Beijing. This summit is part of Duxes' venerable Leasing Series which has gone from strength to strength for over seven years and has included speakers from China's leasing regulatory bodies, industry associations and the business' leasing individuals.

Not only will the summit provide a comprehensive analysis of the latest changes in government policy and market developments but will provide applicable solutions to fleet leasing, the new energy vehicles market and establishing a captive leasing company. In short, this is the event to attend to get all the important information, meet influential people and, to run a successful and profitable leasing business in China.

For more information, please go here:
http://www.duxes-events.com/lease15/index.html

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

 

 

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Boxer Mix
Marblehead, Massachusetts  Adopt-a-Dog


Tuffy
Male
Boxer Mix
Age: 7 1/2 years

“Tuffy is a Boxer mix that is seven and a half years old. As you can see, he has the most soulful eyes constantly looking at people and cars as if he is searching for his special someone. He isn’t quite sure why he landed at the shelter. Tuffy didn’t do anything wrong, he loved his owner, kept him safe, played with him, was a true and loyal friend . . . all the things Tuffy was supposed to do and more he did.

“So, Tuffy is now searching for his forever person. Abandoned when he was young and now being given to the shelter, Tuffy has paid his dues and is so ready for someone to truly love him. Tuffy is a little standoffish until he gets to know you and then he’ll spin in circles when you greet him. Tuffy has transitioned living with his foster family both men, woman, children, cats, and even a tortoise. He would do best with someone who works from home or for short periods of time until he settles in and knows that he hasn’t been abandoned. He is currently living with a dog, but would do best as a single dog.

“He is a fantastic listener, driving companion, walker, hiker and a loyal friend. So if you’re looking for someone to love you unconditionally, someone to stay in shape with Tuffy is the guy for you. Fine with cats already used to dogs. Tuffy is very smart and knows his commands. Tuffy would do best with an experienced dog owner — someone who could bring him to his full potential,  someone that is used to large dogs. He will do fine with older children. Tuffy weighs approximately 85 pounds. He would love a fenced-in yard to play ball in or one just to lay in the sun with you.

“Tuffy is up to date with routine shots, house trained and neutered.

“If you are interested in Tuffy, please fill out an adoption application and you will be contacted.”

On Line Application:
http://marblehead-animal-shelter.org/adoption-application-for-dogs

Friends of Marblehead's Abandoned Animals
44 Village Street
Marblehead, MA 01945
Hours: Mon, Tues, Thursday 4-6:30pm
Fri: 5-7pm; Sat: 12-6pm; Sun: 12-3pm
Contact Us:
http://marblehead-animal-shelter.org/adoption-application-for-dogs

 

Adopt a Pet
http://www.adoptapet.com/

 

 

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Take the Ralph Mango Baseball Challenge

Leasing News Associate Editor Ralph Mango challenges readers to identify the baseball players in the following poem, published Monday, May 11, 2015. The first person with the most baseball players matches to the nicknames will receive a $25 Email Starbuck Gift Card.

Rule #1, no “Google” or other browsers…Please try matching from memory.
Rule #1A, Really, no cheating!!

Rule #2: In the event of a tie, earliest date of entry will determine the winner.

Some of these nicknames are associated with more than one player.  All that is required is one of the players who played with that nickname.  The match of the player and the nickname must be identifiable from a reliable source as determined by Da Judge.

Contest ends on Memorial Day, May 25,  and the winner will be announced by June 10. Judge will be Ralph Mango.

Send your guesses to: kitmenkin@leasingnews.org

Baseball Poem

Anthem
by
William (Sugar) Wallace  

Catfish, Mudcat, Ducky, Coot.
The Babe, The Barber, The Blade, The Brat.
Windy, Dummy, Gabby, Hoot.
Big Train, Big Six, Big Ed, Fat.

Greasy, Sandy, Muddy, Rocky.
Bunions, Twinkletoes, Footsie, The Hat.
Fuzzy, Dizzy, Buddy, Cocky.
The Bull, The Stork, The Weasle, The Cat.
Schoolboy, Sheriff,
Rajah, Duke,
General, Major,
Spaceman, Spook.

The Georgia Peach, The Fordham Flash,
The Flying Dutchman. Cot.
The People's Cherce, The Blazer. Crash.
The Staten Island Scot.
Skeeter, Scooter,
Pepper, Duster,
Ebba, Bama, Boomer, Buster. 

The Little Professor, The Iron Horse. Cap.
Iron Man, Iron Mike, Iron Hands. Hutch.
Jap, The Mad Russian, Irish, Swede. Nap.
Germany, Frenchy, Big Serb, Dutch,
Turk. Tuck, Tug, Twig.
Spider, Birdy, Rabbit, Pig. 

Fat Jack, Black Jack, Zeke, Zack. Bloop. 
Peanuts, Candy, Chewing Gum, Pop.
Chicken, Cracker, Hot Potato, Soup.
Ding, Bingo.
Hippity-Hopp.

Three-Finger, No-Neck, The Knuck, The Lip.
Casey, Gavvy, Pumpsie, Zim.
Flit, Bad Henry. Fat Freddie, Flip.
Jolly Cholly, Sunny Jim.
Shag, Schnozz,
King Kong, Klu.
Boog, Buzz,
Boots, Bump, Boo. 

King Carl, The Count. The Rope, The Whip.
Wee Willie, Wild Bill, Gloomy Gus. Cy.
Bobo, Bombo, Bozo. Skip.
Coco, Kiki, Yo-yo. Pie.
Dinty, Dooley,
Tuffy, Snuffy,
Stubby, Dazzy,
Daffy, Duffy. 

Baby Doll, Angel Sleeves, Pep, Sliding Billy,
Buttercup, Bollicky, Boileryard, Juice.
Colby Jack, Dauntless Dave, Cheese,
Gentle Willie,
Trolley Line, Wagon Tongue, Rough,
What's the Use.

Ee-yah,
Poosh 'Em Up,
Skoonj, Slats, Ski.
Ding Dong,
Ding-a-Ling,
Dim Dom, Dee.  

Famous Amos. Rosy, Rusty.
Handsome Ransom. Home Run, Huck.
Rapid Robert. Cactus, Dusty.
Rowdy Richard. Hot Rod, Truck.
Jo-Jo, Jumping Joe,
Little Looie,
Muggsy, Moe.

Old Folks, Old Pard, Oom Paul. Yaz.
Cowboy, Indian Bob, Chief, Ozark Ike.
Rawhide, Reindeer Bill. Motormouth. Maz.
Pistol Pete, Jungle Jim, Wahoo Sam. Spike.
The Mad Hungarian.
Mickey, Minnie.
Kitten, Bunny.
Big Dan, Moose.
Jumbo, Pee Wee; Chubby, Skinny.
Little Poison.
Crow, Hawk, Goose. 
Marvelous Marv.
Oisk, Oats, Tookie.
Vinegar Bend.
Suds, Hooks, Hug.
Hammerin' Hank.
Cooch, Cod, Cookie.
Harry the Horse.
Speed, Stretch, Slug.

The Splendid Splinter. Pruschka. Sparky.
Chico, Choo Choo, Cha-Cha, Chub.
Dr. Strangeglove. Deacon. Arky.
Abba Dabba. Supersub.
Bubbles, Dimples, Cuddles, Pinky.
Poison Ivy, Vulture, Stinky.
Jigger, Jabbo
Jolting Joe
Blue Moon
Boom Boom
Bubba
Bo


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News Briefs----

Phone Leasing Program Moves Forward Sprint-RadioShack 1,435 Stores to Be Fully Staffed by Mid-June
http://www.wirelessweek.com/news/2015/05/sprint-radioshack-stores-be-fully-staffed-mid-june 

Takata Airbag Recall Rises to Affect More Than 30 Million Vehicles
http://www.nytimes.com/2015/05/20/business/takata-airbag-recall.html?emc=edit_na_20150519&nlid=31282772&_r=0

Sprint, Verizon paying $120M to settle lawsuit over third-party charges
http://legalnewsline.com/news/federal-government/256292-sprint-verizon-paying-120m-to-settle-lawsuit-over-third-party-charges

No Loyalty? Millennials Not Afraid to Dump Their Banks
http://thefinancialbrand.com/51778/millennial-bank-switching-study/

Top 10 ways David Letterman will end his historic late-night run
http://ftw.usatoday.com/2015/05/how-will-david-letterman-end-his-show-late-night-history-33-years-last-guests-last-musical-guests

 

(Please click on ad to learn more)
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



[headlines]

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--You May Have Missed It

What Really Happened with Print: History Lessons for 3D Printing Equipment Manufacturers
http://3dprint.com/66002/3d-printing-manufacturers/



[headlines]
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SparkPeople--Live Healthier and Longer



What a Serving Size Really Looks Like
http://www.sparkpeople.com/blog/blog.asp?
post=what_a_serving_size_really_looks_like


[headlines]
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Baseball Poem 

Barry Bonds Hits his 700 th Home Run

by Kit Menkin

He swaggered to the plate, 
like Elvis Presley going on stage 
Joe Louis entering the ring, 
Taking care of business

The fans knew he would hit 700--- 
They stood as the Giants were leading 
in the first inning 
But the Pitcher hit Bonds in the chest

He shrugged it off, 
like Elvis Presley going on stage, 
Walking to first base, 
Knowing he would score a run.

The field was more lit up than Las Vegas, 
Bright, surreal, as if this was a movie set, 
The players moving in slow motion 
as the pitcher tried to take control.

The third inning the fans stood up again, 
This time the ball came in for a strike, 
as the pitcher had the guts with a fast ball, 
It happened so fast.

Bonds swung in stride, 
Moving in this baseball ballet, 
Knowing the ball was his, 
Taking care of business.

He ran the bases, 
Went back to the dug out, 
as the crowd went wild, 
699 was changed to 700, 
a new “legend” sign was revealed.

He did not come out again, 
until the new inning 
Walking to the right field, 
next to the new “legend” banner.

He threw the ball several times 
to the coach on the side line, 
As the crowd continued to roar, 
camera flash lights from the stadium.

He popped out the next time, 
almost as if he swung too soon. 
His run to first was fast than slow 
as he watched the ball tell him no.

He came up to bat one more time, 
Determined, seemingly angry, 
Ready to make up for the last time, 
It wasn't a swagger.

Don't treat me this way, 
I'm going to hit it far, 
Two strikes and he swung so hard, 
if he had connected, 
It would have gone to Treasure Island, 
The swing had so much power, 
You could feel it in the stands.

Afterwards he was happy, 
His team won Four to One; 
on Saturday he hit 701 
Taking care of business.

 

 

 


[headlines]

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Sports Briefs----

NFLPA wants NFL, Roger Goodell held in contempt of court in Peterson case
http://www.usatoday.com/story/sports/nfl/2015/05/19/nflpa-roger-goodell-contempt-court-adrian-peterson-personal-conduct-eighth-circuit-david-doty/27604943/

Robert Kraft surrenders in a battle he couldn’t win
http://www.bostonglobe.com/sports/2015/05/19/robert-kraft-surrenders-battle-couldn-win/MOpqZnW4k8NhqaFpdMI4qO/story.html

Former QBs Troy Aikman, Mark Brunell Provide Deflategate Hot Takes
http://nesn.com/playlist/former-qbs-troy-aikman-mark-brunell-provide-deflategate-hot-takes/1/

NFL makes point-after attempt more difficult
http://www.sacbee.com/sports/nfl/san-francisco-49ers/article21422991.html 

Raiders owner tells fans his No. 1 choice is to stay in Oakland
http://www.pressdemocrat.com/sports/3956964-181/raiders-owner-tells-fans-his

Raiders topic of discussion at NFL owners meeting
http://www.insidebayarea.com/breaking-news/ci_28148501/raiders-not-oakland-topic-discussion-at-nfl-owners

Chargers, Raiders transfer site to Carson, retain lease for stadium option
http://www.utsandiego.com/news/2015/may/19/carson-stadium-sale/

Study says 'Pro Football Hall of Fame Village' will pump billions into Stark County economy
http://www.crainscleveland.com/article/20150519/NEWS/150519798/study-says-hall-of-fame-village-will-pump-billions-into-stark-county


[headlines]
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California Nuts Briefs---

Poll: Large majority of Californians support water restrictions amid drought
http://www.sacbee.com/news/politics-government/field-polls/article21342882.html#emlnl=Morning_Newsletter



[headlines]
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“Gimme that Wine”

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

A dozen including CEO of Diamond Estates Winery arrested in Montreal for alleged tax fraud involving 1.8m wine bottles
http://www.thedrinksbusiness.com/2015/05/ceo-of-diamond-estates-arrested-for-fraud/

French Winery Boss Jailed Over Fake Chablis
http://www.wine-searcher.com/m/2015/05/winery-boss-jailed-over-fake-chablis 

2014 California Wine Sales Grow 4.4% by Volume and 6.7% by Value in the U.S.
http://www.wineinstitute.org/resources/pressroom/05192015

Gallo expands vineyard holdings in Napa Valley
http://www.pressdemocrat.com/home/3956080-181/gallo-expands-vineyard-holdings-in

U.S. Wine Industry Facing Steep Tariffs from Canada
http://wineamerica.org/international-trade/american-wine-industry-facing-steep-tariffs-from-canada

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

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

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

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

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

This Day in American History

       1570 – Flemish cartographer Abraham Ortelius issues “Theatrum Orbis Terrarum”, the first modern atlas. Three Latin editions of this (besides a Dutch, a French and a German edition) appeared before the end of 1572; twenty-five editions came out before Ortelius' death in 1598; and several others were published subsequently, for the atlas continued to be in demand until about 1612.Errors, of course, abound, both in general conceptions and in detail; thus South America is initially very faulty in outline, but corrected in the 1587 French edition. http://en.wikipedia.org/wiki/Abraham_Ortelius
    1638 – Dorchester, MA voted to establish a property tax to support public schools: “It is ordered the 20th of May, 1639, that there shall be a rent of twenty pounds a year for ever imposed upon Tomsons Island to be paid by every person that hath property in the said island according to the proportion that any such person shall from time to time enjoy and possess there.”
    1704 – Elias Neau founds school for slaves in New York.  His real name was Elias Naud. He was from France, a seaman who sallied to Haiti before arriving in New York.
    1759 - William Thornton (1759-1828) architect who designed the United States Capitol, was born in the British Virgin Islands.
    1768 – Dolley Madison, a widow, married James Madison.  During the British invasion of Washington, D.C., in the War of 1812, she escaped with valuable state papers from the White House before it was burned by the British.   Strong-willed, she hung her wash in the East Room of the White House to show her disdain for those who thought the presidency was royalty. She was a noted and charming hostess in the complex game of Washington society.   She acted as hostess for George Washington and reportedly her charm and social grace was a great aid in Madison being nominated for President.
http://www.whitehouse.gov/history/firstladies/dm4.html
http://www.vcdh.virginia.edu/madison/exhibit/index.html
    1775 – The Mecklenburg Declaration of Independence is claimed by some to be the first such declaration made in the Colonies during the Revolutionary War. It was supposedly signed on May 20, 1775, at Charlotte, NC, by a committee of citizens of Mecklenburg County, who declared independence from Great Britain after hearing of the Battle of Lexington. If true, the Mecklenburg Declaration preceded the US Declaration of Independence by more than a year. The authenticity of the Mecklenburg Declaration has been disputed since it was first published in 1819, forty-four years after it was reputedly written. There is no conclusive evidence to confirm the original document's existence, and no reference to it has been found in extant newspapers from 1775.  The Mecklenburg Declaration of Independence was first published on April 30, 1819, in an article written by Dr. Joseph McKnitt Alexander in the “Raleigh Register and North Carolina Gazette” newspaper.  "It is not probably known to many of our readers," wrote the editor of the “Raleigh Register” in an introduction to the article, "that the citizens of Mecklenburg County, in this State made a Declaration of Independence more than a year before Congress made theirs.  According to Dr. Alexander, his father, John McKnitt Alexander, had been the clerk at a meeting convened in Charlotte on May 19, 1775. Each militia company in the county had sent two delegates to the meeting, where measures were to be discussed regarding the ongoing dispute between the British Empire and the Colonies. Relations between the colonies and the mother country had reached a crisis in Boston following the 1774 passage of the Coercive Acts by the British Parliament. During the meeting in Mecklenburg County, the delegates received official news that the Battle of Lexington had been fought in Massachusetts one month earlier. Outraged by this turn of events, wrote Dr. Alexander, the delegates unanimously passed the resolutions at about 2:00 a.m. on May 20.  North Carolinian James Street insisted that this “was the first explicit declaration by any Colony in favor of complete separation from Britain.”  (Street, ”The Revolutionary War (1954), pg. 79).
    1777 - The first treaty between states after the Declaration of Independence was concluded between Georgia and South Carolina at DeWitt's Corner, SC.  Under its provisions, the Cherokees were forced to retire behind a line running southwest through Georgia from the straight part of Pickens County on the North to a point just below the mouth of the Tallulah at the western tip of the state. Since landing on the continent, the natives were moved further and further from their original “homeland.” From an estimated population, some say well into the millions, the population shrank to several hundred thousand, due primarily to disease brought from the old world to humans and animals.  http://www.theatlantic.com/issues/2002/03/mann.html
    1818 – William Fargo (1818-1881) was born in Pompey, NY.  In 1844, he organized, with Henry Wells (1805–1878) and Daniel Dunning, the first express company, Wells & Co, to engage in the carrying business west of Buffalo. The lines of this company (which first operated only to Detroit via Cleveland) were rapidly extended to Chicago, St. Louis, and other western points.  In March 1850, through a consolidation of competing lines, the American express Company was organized; Wells became president and Fargo secretary. In 1851, with Wells and others, he organized the firm of Wells Fargo & Company to conduct an express business between New York and San Francisco by way of the Isthmus of Panama and on the Pacific coast, where it long had a virtual monopoly.  In 1861, Wells Fargo bought and reorganized the Overland Mail Co., which had been formed in 1857 to carry the United States mails, and of which Fargo had been one of the original promoters.  The litany of M&A involving Wells Fargo is lengthy and included expansion into traditional banking services as well in the late nineteenth century.  Today, Wells Fargo Bank is the nation’s fourth largest and is headquartered in San Francisco.
    1825 - Birthday of Antoinette Brown (1825-1921), the first woman minister in U.S. History, in Henrietta, NY. A graduate in theology from Oberlin College in 1850, she was refused ordination by a number of churches, but finally was accepted by the Congregational Church in South Butler, New York (1852-54.) She married into the renowned Blackwell family (Elizabeth was the first woman physician in U.S. history and her sister Emily, also a physician, was one of the organizers of the first woman's hospital.) Antoinette had six children and abandoned her battles for women's rights. Later she resumed her women's rights activities to become one of the most sought after speakers in the nation. She also published a number of well received books, her last book “The Social Side of Mind and Action” (1915) was written when she was 90. She lived to 96, long enough to see women get the vote.
http://www.oberlin.edu/external/EOG/OYTT-images/NettyBlackwell.html
http://www.amazon.com/exec/obidos/ASIN/0935312048/avsearch-bkasin-20/002-0667839-4443242
    1851 - Birthday of Emil Berliner (1851-1929), Jewish immigrant, who came to the United States in 1870 from Germany and later worked for Alexander Graham Bell's telephone company. In 1877, the year after Graham invented the telephone, Berliner developed an improved telephone receiver. Ten years later, Berliner dramatically improved the phonograph when he developed the flat gramophone record, which quickly replaced Thomas Edison's recording cylinder. He also developed a method for mass-producing records. He also invented the microphone among other achievements.
http://memory.loc.gov/mmem/berlhtml/ http://www.hebrewhistory.org/factpapers/berliner27-II.html
    1856 - Revolutionizing communication, David Edward Hughes of Louisville, KY, received a patent on a telegraph ticker that successfully printed type.  He then sold his rights to the Commercial Company for $100,000 on November 1, 1855, a huge sum of money for the day, perhaps the first “dot commer” of the “communication revolution” to follow. The modern teleprinter, telex system and computer keyboards are all direct descendants of this invention.  http://www.acmi.net.au/AIC/HUGHES_BIO.html
    1861 - Kentucky proclaimed its neutrality, which lasted until September 3 when Confederate forces entered the state. Meanwhile, North Carolina seceded from the Union.
    1862 - President Lincoln signed the Homestead Act opening millions of acres of government-owned land in the West to settlers or “homesteaders,” who had to reside on the land and cultivate it for five years. http://memory.loc.gov/ammem/today/may20.html
    1872 - Madeline McDowell Breckinridge’s (1872-1920) birthday in Woodlake, KY.  U.S. social activist who began by organizing and taking part in grassroots movements in her native Kentucky battling for educational and health facilities.   She campaigned for juvenile courts, branched out into fighting political corruption while heading charity organizations and was even instrumental in building a tuberculosis hospital (a disease she suffered from most of her life).   She headed the Kentucky Equal Rights organization which not only successfully passed suffrage in a southern state, but also obtained rights for married women that "allowed" them to keep their own earnings, have joint custody of their own children, etc.
http://www.womeninkentucky.com/site/reform/m_breckinridge.html http://www.womeninkentucky.com/site/reform/motherssphere.html
    1873 - Levi Strauss secures the necessary patents for canvas pants with copper rivets to reinforce the stress points. Born in Buttenheim, Bavaria, in 1829, the young Levi Strauss immigrated to the United States in 1847. He arrived in San Francisco in 1853 with a load of merchandise that he hoped to sell in the California mining camps. Unable to sell a large supply of canvas, Strauss hit on the idea of using the durable material to make work pants for miners. Strauss' canvas pants were an immediate success among hardworking miners who had long complained that conventional pants wore out too quickly. In 1872, Strauss received a letter from Jacob Davis, a customer and tailor who worked in the mining town of Reno, Nevada. Davis reported that he had discovered canvas pants could be improved if the pocket seams and other weak points that tended to tear were strengthened by copper rivets. Davis' riveted pants had proven popular in Reno, but he needed a patent to protect his invention. Intrigued by the copper-riveted pants, Strauss and his partners agreed to undertake the necessary legal work for the patent and begin large-scale production of the pants. Davis' invention was patented on this day in 1873. In exchange for his idea, Strauss made the Reno tailor his production manager. Eventually, Strauss switched from using canvas to heavyweight blue denim, and the modern "blue jeans" were born. Since then, Levi Strauss & Company has sold more than 200 million pairs of copper-riveted jeans. By the turn of the century, people outside of the mining and ranching communities had discovered that "Levi's" were both comfortable and durable. Eventually, the jeans lost most of their association with the West and came to be simply a standard element of the casual American wardrobe.
    1891 - The first public display of Edison’s prototype Kinetoscope.
    1899 - The first traffic ticket in the US…and wouldn’t you know, it was in NYC.  New York City taxi driver Jacob German was arrested for speeding while driving 12 miles per hour on Lexington Street.
    1901 - Pianist Jimmy Blythe (1901-31) was born in Louisville, KY. http://www.allmusic.com/cg/x.dll?UID=8:52:12|PM&p=amg&sql=B10175
    1902 – Cuba gained independence from the US.
    1907 - Forty-one Igorrote, head-hunters and dog-eaters from the wild districts of Bontac providence in the northern part of Luzon, were brought to this country by the steamer Nippon Maru, arriving Friday. Despite the cold air the Igorrotes, almost naked, stood about the steerage deck of the liner and gazed with awe upon the surrounding evidence of civilization. The rumor spread on board that the head-hunters had been imported by Patrick Calhoun for the purpose of breaking the car strike, but this was denied by R. Schneidewind, who is bringing the Igorrotes to this country.
    1908 – James Stewart (1908-97) was born in Indiana, PA.  Stewart was nominated for five Academy Awards, winning one in competition and receiving one Lifetime Achievement award. Stewart was named the third greatest male screen legend in cinema history by the AFI.  He was a major MGM star. He also had a noted military career and was a World War II and Vietnam War veteran, who rose to the rank of Brigadier General in the Air Force Reserve.
    1913 – William R. Hewlett (1913-2001) was born in Ann Arbor, MI.  Co-founder, with David Packard, of the Hewlett-Packard Company.
    1916 - Norman Rockwell's first cover for The Saturday Evening Post appeared on the May20 edition.  It depicted a boy having to care for his infant sibling, pushing the baby carriage while his buddies set off to play ball.  His last Post cover appeared in 1963.
    1919 – Comedian George Gobel (1919-1991) was born in Chicago.   
    1920 - The Chicago police, dressed as soldiers and farmers, raid the Wrigley Field bleachers arresting two dozen Cub fans for gambling as Grover Cleveland Alexander blanks the Phillies, 6-0.
    1921 – Hal Newhouser (1921-98) was born in Detroit.  Newhouser was considered to be the most dominating pitcher of the World War II era of baseball, winning a pitcher’s Triple Crown for the Tigers in 1944. He posted a 29–9 record, leading the league in wins and strikeouts (187). His 2.22 ERA was second in the league, as were his 25 complete games and six shutouts. Newhouser was named MVP and won the first Sporting News Pitcher of the Year Award (The Cy Young Award was not created until 1956). In 1945, he became the first and only pitcher to repeat as MVP and helped the team win the World Series. He won the pitcher's Triple Crown, leading the AL in wins (25-9), ERA (1.81) and strikeouts (212). He also led the league in innings pitched, games started, complete games and shutouts. Newhouser pitched four innings of relief on the season's final day as Detroit rallied for the pennant. He won the second Sporting News Pitcher of the Year Award.  In 1946, he went 26–9 with a 1.94 ERA, again leading the league in wins and ERA. His 275 strikeouts were second in the league. Newhouser continued to rate among the game's best pitchers for the next five years. He won 17 games in 1947, led the AL with 21 wins in 1948 and rang up an 18–11 mark in 1949. He ended his career with a record of 207–150 and a 3.06 ERA. While scouting for the Houston Astros, he was angered when the team did not listen to his recommendation to draft Derek Jeter and instead picked Phil Nevin. Newhouser was inducted into the Baseball Hall of Fame in 1992.
    1927 – Bud Grant was born in Superior, WI.  Grant served as the head coach of the Minnesota Vikings for eighteen seasons; he was the team's second (1967–83) and fourth (1985) head coach. Before coaching the Vikings, he was a head coach in the CFL for ten seasons, winning the Grey Cup four times. Grant is the most successful coach in Vikings history, and the third most successful professional football coach overall (behind Don Shula and George Halas), with a combined 290 wins in the NFL and CFL.  Grant was elected to the Canadian Football Hall of Fame in 1983 and to the Pro Football Hall of Fame in 1994. He was the first coach in the history of professional football to guide teams to the Grey Cup finals and the Super Bowl.
    May 20-21, 1927 - Captain Charles Lindbergh, 25-year old aviator, departed from rainy, muddy Roosevelt Field, Long Island, NY, alone at 7:52am in a Ryan monoplane named Spirit of St. Louis.  He landed at Le Bourget airfield, Paris, at 10:24pm Paris time (5:54pm NY time), May 21, winning a $25,000 prize offered by Raymond Orteig for the first nonstop flight between New York City and Paris, France (3,600 miles).  The "flying fool", as he had been dubbed by some doubters, became "Lucky Lindy," an instant world hero.  Very few in history drew the universal acclaim of this man.
    1931 - Kenton Lloyd “Ken” Boyer (1931-82), baseball player and manager, born at Liberty, MO. Boyer was an exceptional third baseman for the St. Louis Cardinals, winning the National League MVP award in 1964, and he was an 11-time All-Star.  He managed the Cards from 1978 through June 8, 1980. Boyer was one of three brothers who played MLB, including Cloyd and Cletis, with whom he has the fourth-most combined HRs in MLB history.
    1932 - Amelia Earhart became the first woman to fly solo across the Atlantic.
    1939 – Actor Sal Mineo (1939-76) was born in The Bronx.  He was twice nominated for the Academy Award for Best Supporting Actor, for his roles in “Rebel Without a Cause” and “Exodus”.  On February 12, 1976, when he was stabbed to death in the alley behind his apartment building near The Sunset Strip in West Hollywood.
    1941 - Harry James records “You Made Me Love You,” putting the band on top!
    1942 - Glenn Miller Band records “I've Got a Gal in Kalamazoo.” Victor.
    1942 – Jill Jackson was born in McCamey, TX.  With Ray Hildebrand, they were Paul and Paula whose hit record, “Hey, Paula” rose to #1 in 1963.
    1944 - The Stan Kenton Band with Anita O'Day records “And Her Tears Flowed Like Wine.”
    1944 - Singer Joe Cocker (1944-2014) was born in Sheffield, England.
 http://www.cocker.com/
    1945 – Cher was born Cherilyn Sarkasian LaPier in El Centro, California. She and husband Sonny Bono enjoyed great success beginning in 1965 with the chart- topping "I Got You Babe." Sonny and Cher became household names with their TV series which ran from 1971 to '75. But a marriage breakup also ended their professional career together. Cher went on to a successful career as a singer and an actress, hitting number one with three singles in the early '70s, "Gypsies, Tramps and Thieves," "Half-Breed" and "Dark Lady." She revived her singing career in 1988 with two top-20 singles, "I Found Someone" and "We All Sleep Alone." Recently, she scored a hit with the resurrected 'I Got You Babe' performed with MTV's Beavis and Butthead.
http://www.cher.com/
http://www.cherworld.com/
    1946 – “The next Mickey Mantle”, Bobby Murcer (1946-2008) was born in Oklahoma City.
    1948 - In front of only 5,001 fans in Chicago, Joe DiMaggio strokes four extra base hits for the fourth time in his career as he hits for the cycle for a second time in a 13-2 rout of the White Sox. The 'Yankee Clipper' paces the Bombers' 22-hit attack with a two home runs, a triple, a double and a single and drives in 6 runs.
    1949 – The Armed Forces Security Agency, the predecessor to the NSA was established.
    1951 - The first “Ace” to fly a jet was Captain James Jabara of Wichita, KS, a member of the fourth Fighter Interceptor Wing, who shot down his first and sixth enemy Mig jet airplanes over Sinjuiju, northwest Korea.  He eventually defeated 15 Migs over Korea and became the second triple jet Ace.  The first Triple jet Ace was Captain Joseph Christopher McConnell, Jr, who shot down 16 MiG-15s.  He shot down three in one day, May 18. He completed 106 missions in Korea.  His neighbors built him a house in Apple Valley, CA, known as Appreciation House.   He was killed August 24, 1954 at Edwards Air Force base, CA, while testing a new plane, an F-86H.
    1953 - In just their 13th game of the season, the Braves, in their first year in Milwaukee, surpassed their total of 1952 attendance of 28,127, their last year in Boston.
    1954 - Bill Haley's "Rock Around the Clock" was released. The record was not a hit until after it was included in the soundtrack of "Blackboard Jungle" the following year. http://www.history-of-rock.com/haley.htm
    1956 - In Operation Redwing, the first United States airborne hydrogen bomb was dropped over Bikini Atoll in the Pacific Ocean.
    1956 - Top Hits
“Heartbreak Hotel/I Was the One” - Elvis Presley
“The Wayward Wind” - Gogi Grant
“I'm in Love Again” - Fats Domino
“Blue Suede Shoes” - Carl Perkins
    1957 - Frank Sinatra recorded "Witchcraft"
    1957 - A tornado touched down to the southwest of Kansas City and traveled a distance of seventy-one miles cutting a swath of near total destruction through the southeastern suburbs of Ruskin Heights and Hickman Mills. The tornado claimed the lives of forty-five persons, and left hundreds homeless. It was the worst weather disaster of record for Kansas City. About all that remained of one house was a small table and a fish bowl atop, with the fish still swimming about inside the bowl, rather unconcerned.       
    1960 – Congress’ committee on "payola" indicts eight men accused of receiving $116,580 in illegal payoffs for promoting records. The indictments will lead, two years later, to highly influential DJ Alan Freed's eventual indictment for tax-evasion.
    1960 - A Liverpool band called Johnny and the Moondogs changes their name to the Silver Beetles and embarks on a Scottish tour, backing singer Johnny Gentle. The band members, except for leader John Lennon, take pseudonyms: Paul McCartney becomes Paul Ramon, George Harrison becomes Carl Harrison, and Stu Sutcliffe becomes Stuart de Stael. A punk band called the Ramones would later take their name from McCartney's fake one.
    1961- A white mob attacked a busload of Freedom Riders in Montgomery, Ala., prompting the federal government to send in United States marshals to restore order.
http://www.nytimes.com/learning/general/onthisday/big/0520.html
    1964 - Top Hits
“My Guy” - Mary Wells
“Love Me Do” - The Beatles
“Ronnie” - The 4 Seasons
My Heart Skips a Beat - Buck Owens
    1966 - In Windsor, England, Pete Townshend and Roger Daltrey performed with the rhythm section of the opening act when John Entwistle and Keith Moon were late for the show. When the duo finally arrived, with the show half over, Townshend hit Moon over the head with his guitar.  Keith and John quit the band, but were convinced to return within the week.
    1967 - Only a week after surrendering the top of the R&B chart to Martha & the Vandellas, Aretha Franklin retakes the top spot with "Respect", a tune that will also be Number One on the pop chart. It was originally recorded and written by Otis Redding who would say he prefers Franklin's version to his own.
    1967 - The Beatles premiere their new album, Sgt. Pepper's Lonely Hearts Club Band”, on Kenny Everett's BBC radio program Where It's At”. All the tracks are played save "A Day in the Life," which the "Beeb" has banned the day before for its seemingly positive attitude towards drug use. Paul and John give live interviews about the making of the album.
    1971 – Sprint Cup Series champ Tony Stewart was born in Columbus, IN.
    1972 - Top Hits
“The First Time Ever I Saw Your Face” - Roberta Flack
“Oh Girl” - Chi-Lites
“I'll Take You There” - The Staple Singers
“Grandma Harp” - Merle Haggard
    1973 - Ken Moore beat 4,030 competitors to win the 63rd Bay-to-Breakers footrace in San Francisco, CA. Moore stepped his way to the finish line in 37 minutes, 15 seconds over a course measured at 7.8 miles.
    1978 - Mavis Hutchinson, 53, made it to New York City to become the first woman to run across America. The 3,000-mile trek took her 69 days. She ran an average of 45 miles each day. Now that's what we call a daily workout.
    1980 - Top Hits
“Call Me” – Blondie
“Ride like the Wind” - Christopher Cross
Lost in Love - Air Supply
“Gone Too Far” - Eddie Rabbitt
    1982 - TV's "Barney Miller" was seen for the last time in its original network run on ABC-TV. Hal Linden as Barney, Abe Vigoda as Fish and a talented cast continue to bring the fictional 12th Precinct to TV screens through syndication.  http://timstvshowcase.com/bmiller.html
http://www.zxcproductions.com/web/Abe/abe.html
    1983 – The first publication of the discovery of the HIV virus that causes AIDS in the journal “Science” was written by Luc Montagnier.
    1985 - The Dow Jones industrial average broke the 1300 mark for the first time. The Dow gained 19.54 points to close at 1304.88.
    1985 - The game between the Milwaukee Brewers and the Cleveland Indians in Cleveland was rained out. Remarkably, this was the first rainout of the season in either league, after a major-league record 485 games had been played without a postponement.
    1985 - Larry Holmes retained the heavyweight boxing title of the International Boxing Federation at Reno, NV by defeating Carl Wilson in 15 rounds. The fight marked the first, heavyweight title fight in Reno since Jack Johnson and Jim Jeffries duked it out in 1910.
    1985 - Daryl Hall and John Oates headlined a concert for the grand re-opening of the legendary Apollo Theatre in Harlem. The show benefited the United Negro College Fund and also featured two of the original Temptations, David Ruffin and Eddie Kendrick.
    1987 - The Milwaukee Brewers ended a 12-game losing streak by beating the Chicago White Sox by a 5-1 score. The Brew Crew had opened the season winning 13 games in a row.
    1988 - Frank Sinatra's funeral was held at Beverly Hills' Church of the Good Shepherd, with attendees including Tony Bennett, Bob Dylan, Liza Minnelli, Jack Nicholson, Tony Curtis, Kirk Douglas, Sophia Loren, Bob Newhart, Faye Dunaway, Angie Dickinson, and ex Mia Farrow. Dylan's statement reads, in part, "Right from the beginning, he was there with the truth of things in his voice... He was one of the very few singers who sang without a mask." Ten years later to the day, May 13th was declared Frank Sinatra Day by the Congress of the United States.
    1988 - Thunderstorms in the south central U.S. produced wind gusts to 70 mph at Omaha, NE, and wind gusts to 80 mph at Midland and Dallas, TX. Temperatures in California soared into the 90s and above 100 degrees. San Jose CA reported a record high of 97 degrees.
    1988 - Top Hits
“Anything for You” - Gloria Estefan & Miami Sound Machine
“Shattered Dreams” - Johnny Hates Jazz
“One More Try” - George Michael
“I'm Gonna Get You” - Eddy Raven
    1990 - Thunderstorms produced severe weather across the southeastern quarter of the nation through the day and night. Severe thunderstorms spawned six tornadoes, including one which injured two persons at Algoma, MS, and another which injured nine persons at Rogersville, MO. There were 119 reports of large hail or damaging winds. Thunderstorms produced baseball size hail at Houston, MO and damaging winds which killed one person at Toccoa, GA.
    1995 - Don Henley of The Eagles marries Sharon Summerall in Malibu. Among those present and who performed were Bruce Springsteen, Billy Joel, Sting and Tony Bennett.
    1996 - The Supreme Court ruled, in Romer v. Evans, against a law that would have prevented any city, town or county in the state of Colorado from taking any legislative, executive, or judicial action to protect the rights of gays and lesbians.
    2001 - Barry Bonds becomes 13th player in major league history to hit home runs in four consecutive at-bats. The Giant outfielder went yard in his final two at-bats yesterday and homers in his first two official turns at the plate today.
    2003 - South Carolina's parole board pardons James Brown of all past offenses committed in the state, even the felonies, spurring James to spontaneously sing "God Bless America" at the conclusion of the hearing.
    2006 - Their hometown of Hawthorne, CA dedicates a monument to the three Wilson brothers in the Beach Boys.
    2013 – An F5 tornado struck the Oklahoma City suburb of Moore, killing 24 people and injuring 377 others.

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