Startup Investing Has Fallen Off a Cliff
by Matt Rosoff, Business Insider

One hard-hit area is on-demand startups, which provide real-world services at the touch of a button on your smartphone (think all those "Uber for X" startups). The on-demand sector has fallen out of favor, as investors question whether customers will pay full price for these services once the companies turn off the subsidies they've used to gain customers. 

As this chart from CB Insights shows, funding for these kinds of businesses rose through 2014 and 2015, driven by huge deals in companies like Airbnb and Lyft, then fell off sharply in the fourth quarter of 2015.

Startup funding has definitely cooled off, but there's a lot of debate about how dire the slowdown is.

Some startups with good numbers are still having no problem getting funded, and there's a lot of money sloshing around for early (seed-stage and Series A) investments. At the same time, later stage investors who were funding bigger companies at crazy "unicorn" valuations have slowed down a lot, and startups with poor numbers are having trouble getting follow-on rounds.

 

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)

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

U.S. Small Business Lending Decreases
Investment by Small Businesses Signals Weaker GDP Growth

The March 2016 data release of the Thomson Reuters/PayNet Small Business Lending Index (SBLI), which is a leading economic indicator of GDP, decreased from 138.9 in February 2016 to 135.3 in March 2016.  Compared to the same month one year ago, the index is up 4%. The small decrease in the SBLI comes one month after a 17% jump in February, the largest monthly increase in the Index's history. 

William Phelan
President, PayNet

“March data confirms the economic stall.  Private companies aren’t willing to take on risks right now,” states William Phelan, president of PayNet, Inc.  “In this risk-off posture, GDP will remain moderate and below its long-term potential.” 

In the aggregate, private companies are maintaining production capacity by investing in replacement levels.  However, most industry sectors are reducing investment reflecting their bearish outlook for the economy. Construction remains the only major sector driving this economy at 9.2%. 

Finances for private companies mirror the modest investment activity. The Thomson Reuters/PayNet Small Business Delinquency Index (SBDI) 31-90 days past due held steady at 1.21% from February 2016 to March 2016. As compared to one year ago, delinquency decreased 3 bps; this is the 10th consecutive month of year-over year decreases after 12 straight months of increases. 
 
Transportation delinquency is up 5 bps to 1.28%, its 13th consecutive monthly increase and its highest level since April 2013. Agriculture delinquency is up 3 bps to 0.63%, its sixth consecutive monthly increase and its highest level since August 2011. Health Care and General delinquencies each decreased 1 bp. 

Credit quality, which we had predicted to worsen somewhat in 2016, may remain unusually high due to this risk off mentality, so business defaults will likely remain lower than previously forecasted.  

# # # About PayNet Inc. is the leading provider of credit ratings on small businesses enabling lenders to achieve optimal risk management, growth and operational efficiencies. PayNet maintains the largest proprietary database of small business loans, leases and lines of credit encompassing over 23 Million contracts worth over $1.3 Trillion. Using state-of-the-art analytics, PayNet converts raw data into real-time marketing intelligence and predictive information that subscribing lenders use to make informed small business financial decisions and improve their business strategy.  For more information, visit paynetonline.com and sbinsights.net. 

Thomson Reuters/PayNet Small Business Lending Index (SBLI) The Small Business Lending Index (SBLI) is based on new commercial loan and lease originations by major U.S. lenders in PayNet’s proprietary database.  This index measures the volume of loans to small businesses normalized to January 2005. Small businesses generally respond to changes in economic conditions more rapidly than do larger businesses, so this statistic is a leading indicator of the economy and predicts changes in GDP between 2-5 months. 

Thomson Reuters/PayNet Small Business Delinquency Index (SBDI)  The Small Business Delinquency Index (SBDI) measures the financial stress of small businesses with $1mm or less in credit outstanding. 

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

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

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Leasing News: Special Mother’s Day Edition
By Fernando Croce

With Mother’s Day just around the corner, we would like to offer a handful of recommendations to celebrate with the entire family. So hit your Netflix queue and get a hearty fill of cinematic mother love.

Stella Dallas (King Vidor, 1937): Barbara Stanwyck delivers an unforgettable performance in this classic tale of maternal devotion. Stanwyck stars as the eponymous protagonist, a working-class young woman who marries a wealthy executive (John Boles) and dotes on their daughter Laurel (Anne Shirley). Determined to give Laurel the finer things in life, Stella takes her on a trip to an expensive resort where her daughter becomes friends with high-class teenagers. That's where social backgrounds clash, however, and Stella's rough ways begin to mortify Laurel. Painfully aware of the situation, she must make an agonizing decision for the sake of her beloved daughter. A specialist in volcanic emotions since the silent days, director King Vidor handles the story with a dramatic forthrightness that connects ideally with Stanwyck's honesty of feeling. The result is a vintage heartbreaker.

I Remember Mama (George Stevens, 1948): Before turning to such mammoth-sized epics as "Shane" and "Giant," director George Stevens worked on a variety of intimate projects, and few were more intimate than this loving comedy-drama. Set in San Francisco in the early 1900s, the film follows the travails of the Hansen family, a close-knit clan of Norwegian immigrants headed by Mama (Irenne Dunne). Remembering all of their emotional ups and downs is young daughter Katrin (Barbara Bel Geddes), who witnesses Mama's compassionate struggle to combine traditional European values with the discoveries of their new American home. Crafted with a sure touch for laughs and tears and delicately performed by a superb cast, this often forgotten classic deserves to become a Mother's Day staple.

Mamma Roma (Pier Paolo Pasolini, 1962): Known for such radical experiments as "The Gospel According to St. Matthew" and "Teorema," Italian director Pier Paolo Pasolini was always fascinated by people on the margins of society. In this heartfelt drama, arguably his most accessible film, he explores the simultaneously mundane and monumental lives of characters in a rapidly changing Rome, centering on the intense bond between a mother and her son. Mamma Roma (the magnificent Anna Magnani) is a former prostitute trying to keep her teenage son Ettore (Ettore Garofolo) away from the seedy streets where she worked. When her past catches up with her, however, tragedy looms on the horizon. Mixing the rough-hewn realism of Roman locations and non-professional actors with Magnani's operatic turn, Pasolini forges a family portrait of devastating force. With subtitles.

Baby Boom (Charles Shyer, 1987): A woman's life is turned upside down by motherly duties in this entertaining comedy-romance, anchored by a delightful performance by Diane Keaton. She plays J.C. Wiatt, a successful New York management consultant whose hectic routines at the office leaves little time for family. That's when a relative leaves her with a most unusual inheritance—an infant girl named Elizabeth. At first flustered by the domestic work and her boyfriend's (Harold Ramis) glib reaction, J.C. gradually warms up to the child and becomes determined to continue to pursue her career goals while dealing with her newfound maternal side. Something of a gender-reversed take on the single-dad subgenre of "Kramer vs. Kramer," the film benefits from the polished direction of Charles Shyer ("Father of the Bride") and a cast that also includes Sam Shepard.

The Babadook (Jennifer Kent, 2014): What's a Mother's Day without a few chills? So check out Jennifer Kent's exceptional horror debut, easily the scariest family portrait in many a moon. Essie Davis is ferociously effective as Amelia, a single mother still plagued by memories of her husband's brutal death. Living alone with her young son Samuel (Noah Wiseman), she does her best to comfort the boy's fears that monsters are living in their house. Things start to spin out of control when they find a book called "Mister Babadook," which leads to strange, increasingly disturbing events to blur the line between reality and madness. Making shrewd use of visual and aural elements to burrow deeply into the main character's maternal nightmares, the movie is a must-see for horror fans who are tired of today's weak and gimmicky entries.

Yellow Labrador Retriever, Male
Baltimore, Maryland  Adopt-a-Dog

Bentley
Animal #115830
Yellow
1 Year, 6 months, 3 weeks
Extra Large
My health has been checked.
My vaccinations are up to date.
My worming is up-to-date.
I have been neutered.

Please take note of the Animal ID before contacting us.

"Hi! My name is Bentley and I am a 'Swinging Tap Dancer'. Looking for a fun-loving dog who is comfortable going on long walks or just lying around the house? Want a dog with energy, but who won't wear you out? Then I'm your dog. I'm a pretty big guy [or maybe more on the huge size] so I'm looking for a home that's ready to lose a bit of their couch space to my big behind. I walk well on my harness and I already know sit, but would love to find a family eager to teach me more! Please come visit me at the Maryland SPCA! I'll be waiting to hear from you!"

Maryland SPCA
3300 Falls Road
Baltimore, MD 21211
Office 410-235-8826

Hours:
Monday and Tuesday: 2:30 p.m. to 6:30 p.m.
Wednesday through Friday: noon to 5 p.m.
Saturday and Sunday: 11 a.m. to 4 p.m.
Pet visiting hours end 15 minutes prior to closing.​

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

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Leasing Conferences
September/October/November

 

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September 16-17, 2016
2016 Eastern Regional Meeting
Cincinnati Airport Marriott
Hebron, KY
Conference Chair:
Rodny Blecha, Precision Leasing

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Second Annual Conference
Announcing Our Second Annual 
October 4th - 6th, 2016
Red Rock Casino & Resort
Las Vegas, Nevada

Christopher "Kit" Menkin, Leasing News, will be speaking
at the  “Reporters Viewpoint” panel discussion to address the whole conference about the state of the leasing industry.

Over 300 of the nation’s top commercial loan, leasing and mortgage brokers will be converging on Red Rock Resorts on October 4-6 to meet the top lenders and service providers that cater to the brokerage community. These brokers are responsible for over $5 billion in small business and commercial financing each year.

This NACLB annual conference will provide education and networking between brokers lenders and service providers.

However, the primary benefit of the conference will be to provide enormous growth opportunities for both brokers and bankers to grow their loan portfolios and increase revenues and profits.

Now is your chance to get DEAL FLOW, QUALITY ISO’s and COMMERCIAL BROKERS
Go to our website for more information: www.naclb.org

Q&A with Kris Roglieri Co-Founder of NACLB
https://www.linkedin.com/pulse/qa-session-naclb-co-founder-kris-roglieri-brittney-holcomb?trk=hp-feed-article-title-like


Register
http://www.eventbrite.com/e/naclb-2016-registration-24321457133

 

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Lend360
October 5 – 7
Chicago, Illinois
http://www.lend360.org/

 

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October 23 -25th
2016  55th Annual Conference
Palm Desert Springs
Palm Desert, California

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Money20/20
October 23 – 26
Las Vegas, Nevada
(75% of exhibit space/sponsorship booked)

http://www.money2020.com/

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November 11-12, 2016
2016 Western Regional Meeting
Doubletree by Hilton Hotel Anaheim-Orange County
Orange, CA

 

News Briefs---

Online lenders are taking a beating
OnDeck Going to Securitizations
http://www.cnbc.com/2016/05/04/online-lenders-are-taking-a-beating-on-deck-lending-club-fintech-startups.html

OnDeck’s Tumble: Can Online Lenders Handle a Downturn?
http://www.wsj.com/articles/ondecks-tumble-can-online-lenders-handle-a-downturn-1462290899

Square Capital’s Default Rate is 4%
http://debanked.com/2016/05/square-capitals-default-rate-is-4/

Rule on Arbitration Would Restore Right to Sue Banks
“could cost the industry billions of dollars.”
http://www.nytimes.com/2016/05/05/business/dealbook/consumer-agency-moves-to-assert-bank-customers-right-to-sue.html?_r=0

While China economy struggles, Alibaba almost doubles its profits
https://www.siliconrepublic.com/companies/2016/05/05/alibaba-q4-earnings

Boeing logs over $6 billion in April commercial aircraft orders
http://atwonline.com/manufacturers/boeing-logs-over-6-billion-april-commercial-aircraft-orders

Amazon just leased another 20 cargo planes as it continues to beef up its delivery network
http://www.businessinsider.com/amazon-leased-another-20-cargo-planes-for-shipping-from-atlas-air-2016-5

Federal Reserve Senior Loan Office Opinion Survey
  With Specific Chart Answers (94 pages)
http://www.leasingnews.org/PDF/SeniorLoanOfficeServey2016.pdf

 

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--You May Have Missed It

Facebook Has 50 Minutes of Your Time Each Day. It Wants More
http://www.nytimes.com/2016/05/06/business/facebook-bends-the-rules-of-audience-engagement-to-its-advantage.html

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SparkPeople--Live Healthier and Longer

Marinated Flank Steak
https://recipes.sparkpeople.com/recipe-detail.asp?recipe=129

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Baseball Poem

by Greg Hall

Baseball is grass, chalk, and dirt displayed the same yet differently
In every park that has ever heard the words play ball.
Baseball is a passion that bonds and divides all those who know it.
Baseball is a pair of hands stained with newsprint,
A set of eyes squinting to read a boxscore,
A brow creased in an attempt to recreate a three-hour game
From an inch square block of type.
Baseball is the hat I wear to mow the lawn.
Baseball is a simple game of catch
and the never-ending search for the perfect knuckleball.
Baseball is Willie vs Mickey, Gibson vs Koufax, and Buddy Biancalana vs the odds.
Baseball links Kansan and Missourian, American and Japanese,
But most of all father and son.
Baseball is the scent of spring,
The unmistakable sound of a double down the line,
And the face of a 10-year-old emerging from a pile of bodies
With a worthless yet priceless foul ball.
Baseball is a language of very simple words that tell unbelievably magic tales.
Baseball is three brothers in the same uniform on the same team for one brief summer
Captured forever in a black and white photo on a table by the couch.
Baseball is a glove on a shelf, oiled and tightly wrapped,
Slumbering through the stark winter months.
Baseball is a breast pocket bulging with a transistor radio.
Baseball is the reason there are transistor radios.
Baseball is a voice in a box describing men you've never met,
In a place you've never been,
Doing things you'll never have the chance to do.
Baseball is a dream that you never really give up on.
Baseball is precious.
Baseball is timeless.
Baseball is forever.

 

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Sports Briefs----

Seahawks place Marshawn Lynch on reserve/retired list
http://www.theredzone.org/BlogDescription/tabid/61/EntryId/56356
/Seahawks-place-Marshawn-Lynch-on-reserve-retired-list/Default.aspx

Jerry Jones: Kellen Moore is Cowboys' No. 2 QB
http://www.theredzone.org/BlogDescription/tabid/61/EntryId/56351/Jerry-Jones--Kellen-Moore-is-Cowboys--No--2-QB/Default.aspx

2016 NFL Draft: How Trent Baalke Botched the 49ers’ Final Pick
https://ninernoise.com/2016/05/05/2016-nfl-draft-how-trent-baalke-botched-the-49ers-final-pick/

 

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

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California Nuts Briefs---

1,249-acre park opens east of Fremont, offering sweeping views
http://www.sfgate.com/bayarea/article/1-200-acre-park-opens-east-of-Fremont-offering-7396406.php

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“Gimme that Wine”

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

40% of Burgundy Affected by Frost
https://www.thedrinksbusiness.com/2016/05/40-of-burgundy-affected-by-frost/

A New Dam in Portugal Is About to Destroy Parts of a World Heritage Wine Region
https://globalvoices.org/2016/05/05/a-new-dam-in-portugal-is-about-to-destroy-parts-of-a-world-heritage-wine-region/

Gina Gallo Inducted into James Beard Foundation
Who's Who of Food & Beverage in America
http://www.prweb.com/releases/2016/05/prweb13390995.htm

Fifty Years Later, It’s Still a Classic: The Heitz Martha’s Story
https://grapecollective.com/articles/fifty-years-later-its-still-a-classic-the-heitz-marthas-story

In the latest sibling rivalry, Sonoma County beats Napa Valley in best wine regions
http://tastingroom.blogs.pressdemocrat.com/2016/05/03/in-the-latest-sibling-rivalry-sonoma-county-beats-napa-valley/#5573802

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

     1626 - Dutch colonist Peter Minuit bought Manhattan Island from local Indians for 60 guilders worth of trinkets, a few days after landing there.
    1740 - Birthday of John Penn, signer of the Declaration of Independence, born at Caroline County, VA. Died September 14, 1788.
http://www.rebelswithavision.com/JohnPenn.com/
http://www.colonialhall.com/penn/penn.asp
       1812 - Birthday of Martin R. Delaney in Charles Town, VA, now WV.  Ethnologist, Black newspaper publisher, the first African-American to receive a regular army officer commission (Major) and African-American nationalist, he is considered to be the grandfather of Black Nationalism.  He was also one of the first three blacks admitted to Harvard Medical School. Trained as an assistant and a physician, he treated patients during the cholera epidemics of 1833 and 1854 in Pittsburgh, when many doctors and residents fled the city. He worked alongside Frederick Douglass to publish the “North Star”.                   His active role in recruiting blacks for the U.S. Colored Troops led to his commission as Major.  He died in 1885.
http://www.spartacus.schoolnet.co.uk/USASdelaney.htm
http://afgen.com/delaney.html
    1829 - Phebe Ann Coffin was born Phebe Hanaford in Sciasconset, MA. She is the first woman ordained in New England as a minister. Coffin was a successful author in addition to being a Universalist minister.
http://www.cyberhymnal.org/bio/h/a/n/hanaford_pac.htm
    1833 – John Deere made its first steel plough
    1835 – James Gordon Bennett published the first issue of the New York Herald.  The price: 1 cent.
    1851 - Dr. John Gorrie of Apalachicola, FL, was granted a patent for a mechanical freezer, "an improvement in the process for the artificial production of ice."  At a dinner on July 14, 1850, at the Mansion House, Apalachicola, Gorrie produced blocks of ice the size of bricks. He installed his system in the U.W. Marine Hospital in Apalachicola.
    1851 – Linus Yale patented the Yale lock.
    1853 – The first major rail disaster in the US occurred, killing 46 in Norwalk, CT.
    1856 - Birthday of Robert E. Peary in Cresson, PA.  Peary was thought to be the first to discover the North Pole.  As reported in This Day in American History on May 3, the first airplane flight to the North Pole revealed that he did not discover the "true" North Pole as originally claimed. The plane was piloted by Lieutenant Colonel William Pershing Benedict of San Rafael, CA, and copilot Lieutenant Colonel Joseph Otis Fletcher of Shawnee, OK. In 1997, historian Robert M. Bryce published the results of research indicating that no previous explorer succeeded in reaching the Pole, despite two long standing claims, and that Fletcher was the first human known to set foot on it.  In addition, Dr. Albert Paddock Crary, who was in this party, on February 12, 1961, reached the South Pole by tracked vehicle as part of a scientific expedition.   He became then the only explorer to set foot"
http://memory.loc.gov/ammem/today/may06.html
    1856 - U.S. Army troops from Fort Tejon and Fort Miller prepared to ride out to protect Keyesville, California, from Yokut Indian attack.
    1860 – The first athletic club in the US, The Olympic Club, was formed in San Francisco.
    1861 – Arkansas and Tennessee became the ninth and tenth states to secede.  Jefferson Davis approved a bill declaring War between the US and the Confederacy
    1864 - General Sherman began to advance on Atlanta.
    1877 - Chief Crazy Horse surrenders to US troops, who later murder him.  On Sept 5th, he is bayoneted in the back on orders.  Dakota Sioux Chief Sitting Bull leads 5,000 of his followers into Canada to ask protection from the Queen and petition land for a reserve after defeating Gen. Custer and the US 7th Cavalry at the Little Big Horn. The Canadian government refuses.
    1882 - Congress passes the first Chinese Exclusion Act over the veto of President Garfield, making it unlawful for Chinese laborers to enter the US for the next 10 years and denying naturalized citizenship to the Chinese already here. Chinese immigration is essentially shut off for the next 60+ years, as the act is extended in both 1902 and 1904.  The act was repealed on December 17, 1943.
    1884 - Brokerage firm of Grant & Ward, in which former President Ulysses S. Grant was a silent partner, failed under the weight of $16,725,466 worth of debts. It soon became known that Ward was a swindler who had used Grant's "good" name to perpetuate one fraud after another.
    1890 – The Mormon Church renounced polygamy.
    1895 - Birthday of Rodolpho Alfonzo Rafaello Pietro Filberto Gugliemi Di Valentina D'Antonguolla, whose professional name was Rudolph Valentino, was born at Castellaneta, Italy. Popular silent film star.  For years press reports claimed that "at least one weeping veiled woman in black bought flowers to his tomb" in Hollywood Memorial Park, every year on the anniversary of his death at New York, NY. August 23, 1926.
    1896 - Samuel Pierpont Langley flew an unpiloted Number 5 aircraft using a catapult launch from a boat on the Potomac River. The aircraft traveled almost 3/4 of a mile - ten times further than any previous heavier-than-air flying machine.
    1899 - Birthday of trombonist Charlie Irvis, New York City.
http://www.centrohd.com/biogra/i1/charlie_irvis_b.htm
    1903 – Bernard “Toots” Shor was born in Philadelphia.  Proprietor of a legendary saloon and restaurant, Toots Shor’s Restaurant in Manhattan, he ran three different establishments under that name, but his first – and most renowned – was located at 51 West 51st Street. He was known as a saloonkeeper, friend, and confidante to some of New York's biggest celebrities during that era…Jackie Gleason, Joe DiMaggio, Ernest Hemingway, Chief Justice Earl Warren among them.  He died in 1977.
    1904 - Country music pioneer Cliff Carlisle was born in Taylorsville, Kentucky. An associate of Jimmie Rodgers, he began his recording career in February, 1930 with Rodgers' "T for Texas." During the next 18 months, Cliff Carlisle recorded more than a dozen of Rodgers' songs, and many other tunes sung in Rodgers' style. Cliff later formed a duo with his brother Bill, and they were popular throughout the '30s and '40s. Cliff Carlisle retired from music in 1947.
http://www.mustrad.org.uk/reviews/carlisle.htm
http://www.arhoolie.com/titles/7039.shtml
    1907 – NFL Hall of Fame Head Coach Weeb Ewbank was born Wilbur Charles Ewbank in Richmond, IN.  Ewbank coached and won two of the most important and famous games in NFL history:  In the 1958 NFL Championship game, the Baltimore Colts’ overtime victory over the New York Giants was the first overtime game in history and the first to be televised nationally; and in 1969, the AFL’s New York Jets upset win over the NFL Baltimore Colts in Super Bowl III, largely believed to be the impetus to the merger of the two leagues in 1970.  Ewbank was an assistant under the legendary Paul Brown and he developed two of the NFL’s greatest Hall of Fame QBs, Johnny Unitas and Joe Namath.  He died in 1998.
    1915 - George Herman "Babe" Ruth of the Boston Red Sox hit his first Major League home run in a game against the New York Yankees in New York. It was also his Major League pitching debut, winning 4-3. It is lost among his hitting prowess but Ruth pitched for the Red Sox from 1914-19 to a 93-46 record and an ERA of 2.28.  In 1915-17 he won 65 games, winning more than 23 and 24 in ’16 and ’17, respectively.  He was regarded then as one of the top lefties in the game and many considered him to be near the Walter Johnsons and Christy Mathewsons. http://www.baberuth.com/
    1915 - Birthday of Orson Welles, actor and director, was born at Kenosha, WI.  “Citizen Kane”, which he directed and in which he played the title role, is one of the most influential films ever made.  Other films in which he had a role include “The Third Man” and “The Magnificent Amersons”.   His radio show in 1938 brought listeners to believe the Earth was invaded from Mars.  Died at Los Angeles, CA, October 10, 1985. http://www.bway.net/~nipper/
    1918 - Canadian composer and teacher Godfrey Ridout was born in Toronto. During his association with the University of Toronto's Faculty of Music from   1948 until his retirement in 1982, he guided some of Canada's most famous musicians. As a composer, Ridout will be best remembered for his orchestral pieces, including "Music for a Young Prince," commissioned for the opening of the St. Lawrence Seaway in 1959 and composed with Prince Charles in mind. Ridout died in 1984.
http://www.musiccentre.ca/CMC/dac_rca/eng/p_/Ridout_Godfrey.html
    1928 - The longest footrace in history began at City Hall in New York City. It concluded on July 24 in San Francisco, 3,415 miles later. 60-year-old Abraham Lincoln Monteverde, a veteran of more than 100 marathons, not only won the race, but he was also the only competitor to finish.
    1931 - Birthday of “The Say Hey Kid”, Willie Howard Mays, Hall of Fame outfielder and one of baseball’s greatest players of all-time, at Westfield, AL. He spent most of his career with the New York/San Francisco Giants.  Mays won two National League MVP awards and shares the record of most All-Star Games played (24) with Hank Aaron and Stan Musial.   Mays ended his career with 660 home runs, third at the time of his retirement, and currently fourth all-time. He also won a record-tying 12 Gold Glove awards beginning in 1957 when the award was introduced.  He is arguably the greatest player in baseball history and is certainly in that conversation, possessed of blinding speed, a great arm, hit and hit with power, a great defensive fielder and a disruptive force for the opposition.  [As a kid growing up on the Jersey Shore in the 1950s, I went to many Giants, Yankees, and Dodgers games every summer.  The argument about the best ballplayer was always “Mays or Mantle”, a time gone by that will never be repeated.]
http://www.baseballhalloffame.org/hofers_and_honorees/
hofer_bios/mays_willie.htm
http://sportsillustrated.cnn.com/baseball/mlb/all_time_stats/players/
m/42662/index.html
    1935 - Executive Order 7034 created the Works Progress Administration (WPA).
    1936 - Birthday of singer Sylvia Robinson was born Sylvia Vanderpool in New York City. Singer/songwriter/producer/ label owner. In the mid-'50s, she teamed with Mickey Baker as Mickey & Sylvia. Had million-selling "Love Is Strange" in 1956-57. Married Joe Robinson and founded All Platinum Records which later became Sugar Hill Records, the first major rap label.
http://www.picosearch.com/cgi-bin/ts.pl
    1937 - At 7:20pm, the dirigible Hindenburg exploded as it approached the mooring mast at Lakehurst, NJ, after a trans-Atlantic voyage.  Of its 97 passengers and crew, 36 died in the accident, which ended the dream of mass transportation via dirigible.
http://www.vidicom-tv.com/tohiburg.htm
    1939 - Herbie Cox, lead singer of the '50s and '60s vocal group the Cleftones, was born in Cincinnati.
    1940 - John Steinbeck's “The Grapes of Wrath” wins the Pulitzer Prize as most distinguished novel of 1939. He gets the Nobel Prize for Literature in 1962.  Banned in 1980 in two Iowa high school sophomore classes after a parent complained the book was "profane, vulgar, and obscene."  The head of the school board defended the action, noting the US was "going pell mell downhill" morally and they were reversing the trend.
http://steinbeck.sjsu.edu/home/
    1941 – Bob Hope performed his first USO Show, at March Field in CA.
    1942 - David Freisen, American jazz bassist, was born in Tacoma, Washington. http://www.globalbass.com/archives/may2001/david_friesen.htm
    1944 - The first flight of the Mitsubishi A7M fighter, designed to replace the Zero, takes place. Technical problems and Allied bombing raids prevent mass production.
    1945 – Bob Seger was born in Lincoln Park, MI.  In 1973, he put together the Silver Bullet Band, a group of Detroit-area musicians, with whom he became most successful on the national level with the album “Live Bullet”, recorded live at Cobo Hall in Detroit. In 1976, he achieved a national breakout with the studio album “Night Moves”.  Seger has recorded many hits, including “We’ve Got Tonight”, “Against the Wind”, “Shakedown” (written for “Beverly Hills Cop II).  He also co-wrote the Eagles’ number-one hit "Heartache Tonight". His iconic recording of "Old Time Rock and Roll” was named one of the Songs of the Century in 2001.  Seger was inducted into the Rock and Roll Hall of Fame in 2004.
    1948 - KNXT (now KCBS) TV channel 2 in Los Angeles first broadcast
    1951 - Liz Taylor's 1st divorce, from Conrad Hilton Jr.
http://www.bestofcolumbus.com/fussichen/otde.htm
http://www.who2.com/conradhilton.html
    1953 - Alva "Bobo" Holloman of the St. Louis Browns pitched a no-hitter in his first major league start, defeating the Philadelphia Athletics, 6-0.  He is one of two pitchers to throw a no-hitter in his first Major League start.  His early appearances with them, all in relief, yielded an ERA close to 9.00. Undaunted, the confident Holloman pestered manager Marty Marion to give him a chance as a starter. He took the mound in that capacity for the first time on a rainy night before a hometown crowd of 2,473 and no-hit the Athletics 6-0. The 29-year-old rookie embellished his performance with three RBI and his only two hits in the Majors.   He went down to the minors in 1954 and retired thereafter.
http://www.pubdim.net/baseballlibrary/ballplayers/H/Holloman_Bobo.stm
http://www.baseball-reference.com/h/hollobo01.shtml
http://www.pubdim.net/baseballlibrary/sabr/tbi/H/Holloman_Bobo.tbi.stm
    1954 - Running for the British Amateur Athletic association in a meet at Oxford University, Roger Bannister broke the four-minute barrier with a time of 3?59:4.  Four minutes for a mile at the time was considered not only a physical barrier but also a psychological one. In this epic race, Bannister relied on two teammates to pace him. Chris Brasher helped Bannister for the first two laps with times of 57.5 and 1:58.2.  Chris Chataway sprang to the lead for the third quarter (3.00:5). Bannister followed Chataway around the curve and started his kick on the backstretch.  He sprinted past Chataway and, as he broke the tape, into track history.  But his record lasted little more than a month, until John Landy of Australia ran 3:58.0 on June
21.
    1957 - Senator John Fitzgerald Kennedy of Massachusetts was awarded the Pulitzer Prize for his book "Profiles in Courage".
http://www.johnfkennedy.org/
    1957 - Eugene O'Neill became the first writer to win a Pulitzer Prize four times for drama: 1957,"for his play "Long Day's Journey Into Night." His other awards were in 1920 for "Beyond the Horizon," in 1922 for "Anna Christie," and in 1928 for "Strange Interlude."
http://www.almaz.com/nobel/literature/1936a.html
http://www.eoneill.com/
    1958 - Top Hits
“Tequila” - The Champs
“The Witch Doctor” - David Seville
“Wear My Ring Around Your Neck” - Elvis Presley
“Oh Lonesome Me” - Don Gibson
    1959 - The Pablo Picasso painting of a Dutch girl was sold for $154,000 in London. It was the highest price paid to that time for a painting by a living artist.
    1963 - William Faulkner wins a posthumous one for The Reivers; Samuel Barber wins for his "Piano Concerto No. 1."
    1964 - The first election in the District of Columbia was the primary election, when the Reverend Edward Franklin Jackson, a Methodist minister who was African-American, defeated Frank Daniel Reeves for the office of Democratic committee-man.
    1965 - In their Clearwater, Florida hotel room, Mick Jagger and Keith Richards work out the opening guitar riff of "Satisfaction", following Richard's purchase of a Gibson fuzz-box earlier that day.
    1965 - James Brown reworks a song called "I Found You" by Yvonne Fair and comes up with "I Got You" (I Feel Good). It will become the biggest hit of his career, reaching #3 in the US.
    1966 - Top Hits
“Good Lovin'” - The Young Rascals
“Monday Monday” - The Mamas & The Papas
“Sloop John B” - The Beach Boys
“I Want to Go with You” - Eddy Arnold
    1967 - Two weeks after being pushed out of the top spot on the Cashbox Best Sellers list by The Monkees' "A Little Bit Me, A Little Bit You", Nancy and Frank Sinatra return to the top spot with "Something Stupid".
    1968 - PATTERSON, ROBERT MARTIN, Medal of Honor
Rank and organization: Sergeant, U.S. Army, Troop B, 2d Squadron. 17th Cavalry. Place and date: Near La Chu, Republic of Vietnam, 6 May 1968. Entered service at: Raleigh, N.C. Born: 16 April 1948, Durham, N.C. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sgt. Patterson (then Sp4c.) distinguished himself while serving as a fire team leader of the 3d Platoon, Troop B, during an assault against a North Vietnamese Army battalion which was entrenched in a heavily fortified position. When the leading squad of the 3d Platoon was pinned down by heavy interlocking automatic weapon and rocket propelled grenade fire from 2 enemy bunkers, Sgt. Patterson and the 2 other members of his assault team moved forward under a hail of enemy fire to destroy the bunkers with grenade and machinegun fire. Observing that his comrades were being fired on from a third enemy bunker covered by enemy gunners in l-man spider holes, Sgt. Patterson, with complete disregard for his safety and ignoring the warning of his comrades that he was moving into a bunker complex, assaulted and destroyed the position. Although exposed to intensive small arm and grenade fire from the bunkers and their mutually supporting emplacements. Sgt. Patterson continued his assault upon the bunkers which were impeding the advance of his unit. Sgt. Patterson single-handedly destroyed by rifle and grenade fire 5 enemy bunkers, killed 8 enemy soldiers and captured 7 weapons. His dauntless courage and heroism inspired his platoon to resume the attack and to penetrate the enemy defensive position. Sgt. Patterson's action at the risk of his life has reflected great credit upon himself, his unit, and the U.S. Army.
    1970 – The Peace Movement becomes more violent. The next
twelve days student strikes disrupt 448 colleges, involving 1 million+ students (possibly as many as "4 million students." The movement
grows to 750+ campuses of 2500 nationwide with demonstrations   against sending troops to Cambodia. Even Stanford University experiences "worst riots in its history." 75 campuses stayed closed thru rest of the school year).
http://world.std.com/obi/Emi.Anthology/tears.html
    1972 - Elton John's "Rocket Man" is released in the US, where it will reach #6.
    1973 - The New England Whalers won the first championship of the World Hockey Association. They defeated the Winnipeg Jets, 9-6, to win the final series, four games to one. Both teams later moved into the National Hockey League.
    1973 - Paul Simon began his first solo tour in Boston, three years after splitting up with Art Garfunkel. Some of the shows were recorded and selections released on the following year's "Live Rhymin'" album.
    1974 - Top Hits
“The Loco-Motion” - Grand Funk
“Dancing Machine” - The Jackson 5
“The Streak” - Ray Stevens
“Things Aren't Funny Anymore” - Merle Haggard
    1977 - Ten weeks after entering the Billboard singles chart, The Eagles' masterpiece, "Hotel California" became the band's fourth US #1 hit.
    1980 - NBC came to terms with its superstar, Johnny Carson. Johnny signed a new three-year contract for approximately $5 million a year. Carson also reduced his "Tonight Show" to one hour from ninety minutes and cut his work week to four nights. Plus, he got billing in the show's title, as it became "The Tonight Show starring Johnny Carson".
http://www.johnnycarson.com/carson/indexflash.jsp
    1981 - A jury of architects and sculptors unanimously selected Maya Ying Lin’s design for the Vietnam Veterans’ Memorial from 1,421 other entries.  The memorial sits on 3 acres in Washington, DC and was competed in 1982, and receives over 3 million visitors annually.
    1982 - Gaylord Perry of the Seattle Mariners became the 15th pitcher in the Majors to win 300 career victories. Perry, known for his spitball as well as a variety of other pitches, led the Mariners past the New York Yankees 7-3. He was long suspected of doctoring the baseball with his saliva.  Perry pitched for eight different teams over 22 years and won 314 games.  He was elected to the Baseball Hall of Fame in 1991.
http://www.baseball-reference.com/p/perryga01.shtml1982
    1982 - Top Hits
“I Love Rock 'N Roll” - Joan Jett & The Blackhearts
“Chariots of Fire” - Titles - Vangelis
“Ebony and Ivory” - Paul McCartney with Stevie Wonder
“Mountain Music” - Alabama
    1984 - Tina Turner's comeback hit, "What's Love Got to Do With It," was released. The song went to number one, won Grammys for record and song of the year, and established Turner as a major solo star.         
    1986 - The Rev. Donald E. Pelotte, 41, was ordained in Gallup, New Mexico -- the first American Indian to be made a Roman Catholic Bishop in the U.S.
http://www.phillyburbs.com/drexel/news/1005bishop.htm
http://www.dioceseofgallup.org/
    1986 - From the “What an Ungrateful Thing to Do, Joan” file: Comedienne, Joan Rivers, put her foot in her mouth by announcing to the world that she was leaving "The Tonight Show" as permanent guest host to begin her own late-night gabfest on the new FOX TV Network.  She was immediately banned from appearing on “The Tonight Show” by Johnny Carson, even after her show folded.  She made her first appearance on that show when invited by host Jimmy Fallon in the premiere of “The Tonight Show with Jimmy Fallon” in 2014. http://www.joanrivers.com/
    1988 - "Have another doughnut, you fat pig!"  After a 6-1 loss to the Boston Bruins in the Stanley Cup playoffs, New Jersey Devils Coach Jim Schoenfeld confronted referee Don Koharski as the officials left the ice.  In a scuffle, Kobarski either fell, or was pushed, causing Schoenfeld to mock him with the insult.  The league suspended Schoenfeld without a hearing, but a judge granted the Devils request for an injunction.  In response, regular officials chose not to work the next Devils-Bruins game. Instead, an amateur referee handled the game assisted by two off-ice officials acting as linesmen. The Devils won, 3-1.
    1990 - Top Hits
“Nothing Compares 2 U” - Sinead O'Connor
“I Wanna Be Rich” - Calloway
“How Can We Be Lovers” - Michael Bolton
“Love on Arrival” - Dan Seals
    1992 - Bruce Springsteen unveiled his new band at a surprise show at the Bottom Line in New York. The only holdover from the E Street Band was keyboardist Roy Bittan. The four-piece group backed Springsteen on "Saturday Night Live" three nights later. "The Boss" opened his world tour in Stockholm nine days after his New York appearance.
    1994 - Former Arkansas state worker Paula Jones filed a lawsuit against President Bill Clinton, alleging that he had sexually harassed her in 1991.  The Paula Jones case precipitated Clinton's impeachment. Charges of perjury and obstruction of justice were brought against Clinton based on statements he made during the depositions for the Jones lawsuit.  The case went through the courts, eventually reaching the Supreme Court on January 13, 1997. On May 27, the Supreme Court, and allowed the lawsuit to proceed.  Clinton dismissed Jones's story and agreed to move on with the lawsuit.  Clinton entered into an out-of-court settlement, agreeing to pay Jones and her attorneys a total of $850,000, before the lawsuit was dismissed pre-trial on the grounds that Jones failed to demonstrate damages.  In April 1999, Judge Wright found Clinton in civil contempt of court for misleading testimony in the Jones case. She ordered Clinton to pay $1,202 to the court and an additional $90,000 to Jones's lawyers for expenses incurred, far less than the $496,000 that the lawyers originally requested. Wright then referred Clinton's conduct to the Arkansas Bar for disciplinary action, and on January 19, 2001, the day before Clinton left office, he entered into an agreement with the Arkansas Bar under which Clinton was stripped of his license to practice law in Arkansas for a period of five years. His fine was paid from a fund raised for his legal expenses. 
    1997 - Michael Jackson and Bee Gees inducted into Rock and Roll Hall of Fame.
    1998 - Chicago Cubs rookie pitcher Kerry Wood set the National League record and tied the major league record for most strikeouts in a 9-innning game when he fanned 20 Houston Astros in a 2-0 Chicago win. Roger Clemens set the major league record in 1986 and tied it in 1996. The former modern National League Mark, 19, was held by three pitchers, Steve Carlton, Tom Seaver and David Cone.
http://sportsillustrated.cnn.com/baseball/mlb/players/14836/index.html
    2004 - The series finale of “Friends” aired on NBC, after owning Thursday night The finale attracts 52.46 million viewers, sixth most watched overall series finale in U.S. television history, behind the finales of “M*A*S*H*”, “Roots”, “Cheers”, “The Fugitive”, and “Seinfeld” which were watched by 125, 100, 92.5, 78 and 76.3 million viewers, respectively.   
    2006 - Nancy Sinatra unveiled her star on the Hollywood Walk of Fame as she celebrated forty years in music since the debut of her 1966 hit "These Boots Are Made for Walkin".
   2013 - Wal-Mart revenue exceeds that of Exxon Mobil, becoming the largest company by revenue on the Fortune 500 list.
    2014 - Bayer strengthens its position in consumer healthcare after winning Merck's consumer-focused business unit at auction for $14.2 billion.
    2014 - Alibaba, the Chinese e-commerce company, filed plans for a U.S. IPO.  At closing time on the date of its IPO on September 19, 2014, Alibaba's market value was US$231 billion.  The pricing of the IPO initially raised US$21.8 billion, which later increased to US$25 billion, making it the largest IPO in history.