Working Capital from $10,000 to $250,000                           ChannelPartnersCapital.com

 

Looking at the world’s largest economies, all but one (the United States) have seen their growth projection for the year downgraded.

Citing trade tensions and political uncertainties as key inhibitors to global economic growth, the OECD has slashed its growth forecast for 2019 in the latest edition of its bi-annual Economic Outlook published earlier today.

A year ago, in May 2018, the OECD had predicted global economic growth to climb to 3.9 percent in 2019 thanks to “a welcome rebound in investment and world trade” and “robust job creation in many economies.” But while labor markets remain strong in most of the world’s largest economies, global trade has taken a turn for the worse. “Trade tensions have disrupted growth. With uncertainty high and confidence low, investment has suffered, and the manufacturing sector has taken a hit,” Laurence Boone, OECD Chief Economist, explains with respect to his organization’s decision to cut the global GDP growth forecast for 2019 to 3.2 percent.

Even with this lowered outlook, uncertainty remains, the OECD notes. While the tariffs imposed by the United States and China in 2018 are already incorporated into the projections, the latest escalation in the trade war between the world’s two largest economies isn’t, which could further worsen growth prospects for the global economy. Adding to that the persisting threat of a hard Brexit and uncertainty about China’s ability to stabilize its growth, the OECD warns of “growth outcomes potentially being substantially weaker if negative risks materialize or interact.”

By Felix Richter, Statista

https://www.statista.com/chart/18081/real-gdp-growth-projections/

 

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April 2019 The List
The Good, the Bad and the Ugly

 

Lessors.com, Atlanta, Georgia (04/19) Website Appears Stagnant
  Last Post April 10th http://leasingnews.org/archives/Apr2019/04_29.htm#stagnant

PayPal, San Jose, California (04/19) Fully emancipating itself from eBay, PayPal 9.7% of total payment volume of $15.5 billion, first quarter. http://leasingnews.org/archives/Apr2019/04_29.htm#paypal

Equipment Leasing and Finance Association, Washington, D.C  (04/19)  ELFA MLFI-25 Finds March at $8.2 Billion New Business,
Up 39 percent Compared to February http://leasingnews.org/archives/Apr2019/04_25.htm#elfa

Ascentium Capital, Kingwood, Texas (04/19) Executes its Largest Securitization of $375 Million  http://leasingnews.org/archives/Apr2019/04_25.htm#asc  (04/19) Surpasses $5 Billion in Funded Volume Since Inception and has Strong First Quarter 2019 http://leasingnews.org/archives/Apr2019/04_12.htm#asc

Equifax, Atlanta, Georgia (04/19) acquires PayNet to help expand access to capital for small and mid-sized businesses  http://leasingnews.org/archives/Apr2019/04_25.htm#equifax   

Certified Leasing and Finance Foundation, Northbrook, Illinois (4/19)  Releases Seventh Edition Handbook, Revised by Deb Reuben, CLFP http://leasingnews.org/archives/Apr2019/04_23.htm#clfp

LeasingNews.com, Saratoga, California (04/19) Release Part 6 of Tom McCurnin "Forty Years in Banking and Leasing, Finance Segment.) http://leasingnews.org/archives/Apr2019/04_18.htm#6

Amur Equipment Finance, Grand Island, Nebraska (04/19) Semi-Confirmed: Amur Equipment Finance Acquired by PIMCO’s Private Equity Group  http://leasingnews.org/archives/Apr2019/04_16.htm#amur

Neuman Finance, Philadelphia, Pennsylvania (04/29) Neumann Finance and Beneficial Equipment Finance combine forces to create NewLane Finance http://leasingnews.org/archives/Apr2019/04_12.htm#neumann

TimePayment, Burlington, Massachusetts (04/29) Completes Acquisition of Kingswood Leasing http://leasingnews.org/archives/Apr2019/04_12.htm#time  (04/19) Completes Acquisition of LeaseQ  http://leasingnews.org/archives/Apr2019/04_03.htm#time

M&T Bank, Baltimore, Maryland (04/29) Expands Commercial Equipment Finance Group and Names Experienced Sales Management Team   http://leasingnews.org/archives/Apr2019/04_05.htm#mt

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Leasing Industry Help Wanted

 

Sales Makes it Happen by Scott Wheeler, CLFP

Compliments from the Credit Department

I was recently on-site with an independent finance company and the credit manager provided the following compliment regarding a newly hired originator. The originator was hired to solicit business from a new vertical with which the credit manager had little previous experience. The credit manager admitted that he was apprehensive about the company funding transactions in this new sector and not very optimistic about the potential success. The newly hired originator mitigated the credit manager's trepidation by taking the following steps:

The originator provided the credit manager with a comprehensive write-up on the new sector. The report included both positive and negative aspects on the industry, the equipment, and specific transactions that the originator had funded in the past. The report included statistics provided from the sector's prospectus and lenders that had long-term experience funding the sector. This report was well thought-out and presented before any transactions were submitted.

• The originator provided the credit manager with contacts (other credit professionals) who had experience servicing this sector and who were willing to share their experiences.

• The first few transactions submitted by the originator were extremely complete. The originator anticipated the credit department's questions and provided the necessary data to satisfactorily answer each.

• The originator invited the credit manager and an analyst to join him on several vendor and end-user meetings. "See is believing."

• The originator developed a win-win relationship with his internal credit department. The credit manager was appreciative of the originator's patience and professionalism in educating him and his department about this new sector. Everyone within the company is excited to enter the new sector from a position of knowledge and strength.

Teamwork

Order via Amazon: https://www.createspace.com/5355516  
Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.html

 

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CLFP Academy Classes for Lease & Finance Professionals
     Attendance Update

 

The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 766 active Certified Lease & Finance Professionals and Associates in the United States, Canada and Australia.

The Academy for Lease & Finance Professionals (ALFP) is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending.

On the first two days, all of the required sections of the CLFP exam are covered in-depth. On the third day, the exam is offered, but not mandatory. http://www.clfpfoundation.org/alfp.php

September 26, 2019
Hosted by International
Decision Systems (IDS)
8:00AM (UTC-06:00)
Ends: Saturday, September 28
5PM (UTC-)6:00
Location: TBD, Minneapolis, MN
Spaces Left: 20
Registered: Be the first
http://www.clfpfoundation.org/event-3406090

November 14, 2019
Hosted by Odessa
Start: Thursday, November 14
8:00AM (EST)
End: Saturday, November 16
4:00Pm (EST)
Location: Two Liberty Place, 50 S. 16th St.,
Suite 2300, Philadelphia, PA 19102
 (For clarity on ease of access, entrance is
 on 16th Street between Chestnut
and Market Streets)
Spaces Left: 7
Registered: 23 Registrant
http://www.clfpfoundation.org/event-3242914

Hotels (with Odessa corporate rate):
The Windsor Suite, 1700 Benjamin Franklin Pkwy, Philadelphia, PA 19103
https://www.thewindsorsuites.com/
Corporate Rate of $149/night
For reservations call (215) 207-9942 or email reservations@thewindsorsuites.com and let them know you would like the Odessa Technologies, Inc. rate.

Cambria Hotel & Suites - Philadelphia Downtown Center City, 219 S. Broad Street, Philadelphia, PA 19107
https://www.choicehotels.com/pennsylvania/philadelphia/cambria-hotels/pa776?source=gyxt
Corporate Rate of $149/night
For reservations: Call the Cambria hotel and Suites at 800-4CHOICE or the hotel directly at
215-732-5500 and ask for the Odessa Technologies, Inc. rate.

Book directly online at www.cambriaphiladelphia.com and use the code LODESS

Recommended Hotels (without corporate rate):

The Westin, 99 South 17th Street at Liberty Place, Philadelphia, PA 19103
(215) 563-1600
http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1231&SWAQ=958C

Club Quarters, 1628 Chestnut St (at 17th Street), Philadelphia, PA 19103
(215) 282-5000
https://clubquartershotels.com/locations/club-quarters-hotel-philadelphia

Dress code:
Business casual - jeans okay!

For more information, please contact Reid Raykovich, CLFP at: reid@CLFPFoundation.org

(For use if you take the CLFP Exam in 2020,
use sixth edition if taking the test this year)

The Handbook is available for purchase through the Foundation’s website and also through Amazon.  The 2019 CLFP Exam will continue to be based on the Sixth Edition of the Handbook, and in 2020, the Exam will be updated to reflect the new content.
www.clfpfoundation.org

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Tips for a Telephone Interview
Career Crossroad---By Emily Fitzpatrick/RII

Phone interviews, in reality, are sometimes more difficult than face-to-face interviews as it is difficult to “read” the interviewer’s reactions to your questions and answers. The best way to prepare for the phone interview is to do your homework:

1. Research the company: go to their website, search them in   LinkedIn search, as well as their employees in LinkedIn to see if you may know to call.
2. Find out who will be in on the call and research, search “people” in LinkedIn.com or “company.” See if you have any commonalities, e.g. previous employers, college, interests.
3. Make sure you understand the qualifications required for the role and be able to relate your background to each requirement
4. Develop some questions regarding the company as whole and other job-specific questions – NEVER discuss salary unless the interviewer brings up the topic
5. Make sure you have your resume and job description in front of you during the interview
6. After completion of the interview, ask about next steps (e.g. a face-to-face interview).

Most importantly, relax and make the phone interview a two-way conversation; don’t do all the talking!

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
RII Career Services
Phone: (954) 885-9241 | (888) 855-9231
Fax: (888) 855-9244
Email: info@riirecruit.com
www.riirecruit.com | www.riicareer.com

 

Nonpartisan group Transportation for America has released a report detailing the deteriorating condition of the U.S. road network. It found that states are continuing to push ahead with the expansion of their roads while neglecting to repair and carry out regular maintenance on existing infrastructure, which is creating new financial liabilities. The share of roads in poor condition nationwide increased from 14 to 20 percent between 2009 and 2017. This is of concern given that Congress has provided additional federal funding for transportation infrastructure twice during that timeframe.

As of 2017, the U.S. would have to spend $231.4 billion annually to keep its existing road network in a decent state and restore the backlog of roads in a poor condition over a six-year period. Between 2004 and 2008, states collectively spent $21 billion per year on road expansion and $16 billion per year on maintenance and preservation. Between 2009 and 2014, spending on new projects came to $21.3 billion while the collective outlay for maintenance totaled $21.4 billion. Despite that increase, the still considerable financial outlay on new roads will require considerable and possibly unsustainable investment in the years ahead.

When it comes to managing the balance between new roads and the maintenance of existing ones, some states are performing better than others. For example, South Dakota allocated 69 percent of its highway capital budget to road repair between 2009 and 2014. During the same period, Mississippi dedicated 4 percent to repair and 77 percent to expansion. Given how mismanaged funding is, which states had the worst roads in 2017? According to the report, 53 percent of roads in Rhode Island are deemed to be in poor condition, along with 45 percent in California and 42 percent in Hawaii. Idaho and Tennessee were at the opposite end of the table with only 5 percent of roads in both states deemed to be in poor condition.

 By Niall McCarthy, Statista

https://www.statista.com/chart/18047/share-of-major-public-roads-classified-as-being-in-poor-condition/

Siberian Husky/Mix
Bend, Oregon Adopt a Dog

Asha

ID# 41180997
Male
5 years, 1 month
Brown/tan
Neutered
Declawed: no
Housetrained: Unknown
Site: Human Society of Central Oregon
Location: Dog Kennels
Intake Date: 3/28/2019
Adoption Price: $100.00

Humane Society of Central Oregon
61170  S.E. 27th Street
Bend, Oregon 97702
(541) 382-3537
Hours:
Open M-F 10am-5:30pm
Saturday 10am-5pm
Closed Sundays & major holidays

Internet Contact:
https://www.hsco.org/contact/

 

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

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Allan Levine at Annual NEFA Crab Feast
Baltimore, MD Thursday, June 13th  5:00pm to 8:00pm

Allan Levine, Partner, MADI$ON CAPITAL, will be covering the Captain James Crabhouse feast for Leasing News. Previous Editor, EAEL Newsletter and contributing writer here, will be in special form, taking photographs, too. Be there or be Square!

Captain James Crabhouse
2121 Aliceanna St
Baltimore, Maryland  21231
United States

Thursday, June 13th
5:00 - 8:00 PM

$99 Registration through Thursday, May 23rd
https://www.nefassociation.org/Login.aspx

News Briefs----

Where to Live If You Want the Highest Salary
    and Disposable Income
https://www.bloomberg.com/news/articles/2019-05-20/send-your-cvs-to-san-francisco-as-zurich-toppled-in-city-survey

Top U.S. Tech Companies Begin to Cut Off
     Vital Huawei Supplies
https://www.bloomberg.com/news/articles/2019-05-20/send-your-cvs-to-san-francisco-as-zurich-toppled-in-city-survey

Despite Healthy Profits, Ford will cut 7,000 white-collar jobs
 will save the company about $600 million a year
https://nypost.com/2019/05/20/ford-cutting-7000-white-collar-jobs-despite-healthy-profits/

Ford F-Series Pickup Will Be America’s
     Best-Selling Vehicle for Years
https://247wallst.com/autos/2019/05/20/ford-f-series-pickup-will-be-americas-best-selling-vehicle-for-years/

Dressbarn to close all 650 stores:
  Owner Ascena "never really invested"
https://www.cbsnews.com/news/dressbarn-closing-dressbarn-to-close-all-650-stores-after-losing-customers/

J.C. Penney's dreadful earnings reaffirm that
  it probably has one foot in the grave
https://finance.yahoo.com/news/jc-penneys-dreadful-earnings-reaffirm-that-it-probably-has-one-foot-in-the-grave-150913600.html

 

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You May Have Missed---

15 of the most expensive billionaire-owned yachts
   that have been spotted at the Cannes Film Festival
https://www.businessinsider.com/most-expensive-billionaire-yachts-spotted-at-cannes-film-festival-2019-5

[headlines]
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The Tornado - Poem by Oskar Hansen

The tornado
The storm held its breath than blew
Uprooted trees, roofs flew off buildings
The storm awoke the ocean, which crashed ashore
Car crashes and closed coastal roads.
The tempest didn`t last long when it eased
Torrential rain fell, a wall of water dark as hell.
We sat in there gloomy prisoners of nature. 

 

[headlines]
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Sports Briefs---

Steely Eyes on Sharks Playing
 Do-Or-Die Game Wednesday Night
https://patch.com/california/losgatos/steely-eyes-sharks-playing-do-or-die-game-wednesday-night

49ers’ top pick Nick Bosa sustains hamstring injury
https://www.sfgate.com/49ers/article/49ers-Nick-Bosa-sustains-hamstring-injury-13867682.php?t=ea0f357a21

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

California Nuts Briefs---

Trump threatens to cut millions from fire departments
    in California after deadly wildfires
https://www.sacbee.com/news/state/california/fires/article230474629.html?

California sues Trump Administration
   over take-back of high-speed rail funds
https://www.eastbaytimes.com/2019/05/21/state-sues-trump-administration-over-high-speed-rail-funds/

Why the housing crisis hits this Bay Area group especially hard
   They need thousands more units, but are often forgotten
https://www.mercurynews.com/2019/05/20/why-the-housing-crisis-hits-this-bay-area-group-extra-hard/

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“Gimme that Wine”

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

Exclusive: The Maker of Whispering Angel
   Is Releasing a New Luxury Wine
http://fortune.com/2019/05/19/whispering-angel-rose-wine/

International Wine Competition, this July in Boonsville
https://www.winebusiness.com/news/?go=getArticle&dataId=214204

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

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

This Day in History

    1761 – The first life insurance policy in North America issued in Philadelphia.  
    1798 - Canada: Chippewa cede 28,000 acres in Ontario, including present-day site of Toronto, for 101 British pounds.
    1802 - Martha Washington (1731-1802), our first First Lady, although the title was not coined until after her death, passed away at Mount Vernon.  By 1799, the number of Martha Washington's "dower" slaves had grown to 153; George Washington owned 124 people, and at least a dozen Washington-owned slaves intermarried. Washington's will stipulated that his own slaves were to be set free after his wife's death so that intermarried families would not be broken up.  In January 1801, Martha freed her husband's slaves, just over a year after his death.   A remarkable woman who was also “first in our hearts of her country.” 
http://memory.loc.gov/ammem/today/may22.html
    1803 – The first public library opened, in Connecticut.
    1804 - The Lewis and Clark Expedition officially began as the Corps of Discovery departed from St. Charles, Missouri.
    1807 - Former Vice-President Aaron Burr was on trial for "assembling an armed force...to seize the city of New Orleans...and to separate the Western from the Atlantic states."  He was later acquitted.
    1807 - Townsend Speakman first sold fruit-flavored carbonated drinks, in Philadelphia.
    1819 - The SS Savannah left Savannah, GA on a voyage to become the first steamship to cross the Atlantic. The ship arrived at Liverpool, England, on June 20.
    1842 - Farmers Lester Howe and Henry Wetsel discovered Howe Caverns when they stumbled upon a large gaping hole in the ground.
    1843 - 1,000 men, women, and children climbed aboard their wagons and steered their horses west out of the small town of Elm Grove, Missouri. The train comprised more than 100 wagons with a herd of 5,000 oxen and cattle trailing behind. Dr. Elijah White, a Presbyterian missionary who had made the trip the year before, served as guide. The first section of the Oregon Trail ran through the relatively flat country of the Great Plains. Obstacles were few, though the river crossings could be dangerous for wagons. The danger of Indian attacks was a small but genuine risk. To be on the safe side, the pioneers drew their wagons into a circle at night to create a makeshift stockade. If they feared Indians might raid their livestock (the Plains tribes valued the horses, though generally ignored the oxen) they would drive the animals into the enclosure. Although many neophyte pioneers believed Indians were their greatest threat, they quickly learned that they were more likely to be injured or killed by a host of more mundane causes. Obstacles included accidental discharge of firearms, falling off mules or horses, drowning in river crossings, and disease. After entering the mountains, the trail also became much more difficult, with steep ascents and descents over rocky terrain. The pioneers risked injury from overturned and runaway wagons.
The 1,000-person party that made the journey in 1843, the vast majority of pioneers on the trail survived to reach their destination in the fertile, well-watered land of western Oregon. The migration of 1844 was smaller than that of the previous season, but in 1845, it jumped to nearly 3,000. Thereafter, migration on the Oregon Trail was an annual event, although the practice of traveling in giant convoys of wagons gave way to many smaller bands of one or two-dozen wagons. The trail was heavily traveled until 1884, when the Union Pacific constructed a railway along the route.
    1844 - Mary Cassatt (1844-1926) was born in Allegheny City, PA.  She was the only U.S. painter to exhibit with the French Impressionists. She is known for her paintings of women and children because, some say, such subject matter did not challenge any male egos and it was the price she had to pay to be accepted into the French Impressionists’ school. In fact, she liked to paint women and children and it enabled her to expand in an un-crowded field. The natural posing of her subjects is still unsurpassed. She resided in France most of her life and in her late 50s, began to have eye problems that forced her to stop painting at age 70. Although often described as a "old maid," her diary reveals love affairs - some with women.
http://www.ibiblio.org/wm/paint/auth/cassatt/ 
http://www.metmuseum.org/explore/cassatt/html/indexl.html 
http://www.boston.com/mfa/cassatt/ 
http://www.artcyclopedia.com/artists/cassatt_mary.html 
http://www.nga.gov/collection/gallery/ggcassattptg
/ggcassattptg-main1.html
    1849 – Abraham Lincoln received a patent, the only US president to do so, for a device to lift a boat over shoals and obstructions.
    1856 - Southern Congressman Preston Brooks savagely beats Northern Senator Charles Sumner in the halls of Congress as tensions rise over the expansion of slavery. Wielding the cane he used for injuries he incurred in a duel over a political debate in 1840, Brooks entered the Senate chamber and attacked Sumner at his desk, which was bolted to the floor. Sumner's legs were pinned by the desk so he could not escape the savage beating. It was not until other congressmen subdued Brooks that Sumner finally escaped. Brooks became an instant hero in the South, and supporters sent him many replacement canes. He was vilified in the North and became a symbol of the stereotypically inflexible, uncompromising representative of the slave power. The incident exemplified the growing hostility between the two camps in the prewar years. Sumner did not return to the Senate for three years while he recovered. 
    1861 - The first Union solider killed in the Civil War was Bailey Thornsberry Brown, Company B, 2nd West Virginia Volunteer Infantry. He was engaged in obtaining recruits and ambushed by Confederate pickets at Fetterman, near Grafton, WV. 
http://www.callwva.com/facts/discover.cfm
    1863 – The War Department established the Bureau of Colored Troops.
    1872 – President Grant signed the Amnesty Act into law restoring full civil and political rights to all but about 500 Confederate sympathizers.
    1884 – One-armed pitcher Hugh Daily, pitching for the Chicago Browns of the Union Association, fanned 13 hitters. He had lost his left hand to a gun accident earlier in his life. Later, on July 7, he struck out 20, a record that would stand until Tom Cheney of the Washington Senators tied it more than 75 years later.  A right-hander who played six seasons for seven different teams, in 1883 and 1884, he won 20 or more games each season, while finishing in the top ten among league leaders in major pitching categories. Daily established the pitching record for strikeouts in a season (later surpassed), tied a record by tossing two consecutive one-hitters, broke the record for one-hitters in a season, and threw a no-hitter. 
    1892 - Birthday of Ralph Peer (1892-1960) in Kansas City, Missouri, the most notable talent scout of the 1920's. Peer, who discovered such artists as Jimmie Rodgers and the Carter Family, was appointed recording director for Okeh Records in 1920. He first began recording blues artists, but when the rival Victor Company scored a hit with Wendell Hall's hillbilly song, "It Ain't Gonna Rain No More," in 1923, he was authorized to organize field recording centers throughout the US South. Peer's first session with Fiddlin' John Carson proved to be a landmark in country music. By 1927, Peer was working for Victor records, and in August of that year assured himself a place in country music history by recording the first sessions of both Jimmie Rodgers and the Carter Family. In 1928, Peer formed the Southern Music Publishing Company, which continues today as the Peer-Southern Organization, a multi-million-dollar concern. 
    1900 – The Associated Press organized in NYC as a non-profit news cooperative.
    1902 - One of the world's deepest lakes, Crater Lake was first discovered in 1853. In 1885, William Gladstone Steele saw the lake and made it his personal goal to establish the lake and surrounding areas as a national park. His goal was attained 17 years late. 
http://www.crater-lake.com/picture.htm
http://www.nps.gov/crla/
http://www.drizzle.com/~rdpayne/smithbros/
    1902 - Marie Poland Fish’s (d. 1989) birthday, Paterson, NJ.  An ichthyologist, at 21, she discovered where eels laid their eggs, a puzzle that for 2,000 years was one of the great mysteries of science. Eels are a staple food source in much of the world and the discovery enabled the enlargement of the crops. In later years, she was awarded U.S. Navy's Distinguished Public Service Award for her work in oceanography and as a marine biologist. Her inventions enabled the Navy to distinguish between large schools of fish and enemy submarines with sonar.
http://www.gso.uri.edu/fishsounds/Notice.html 
http://www.amazon.com/exec/obidos/ASIN/0801811309/fast-bkasin-20/
002-0667839-4443242
    1902 - President Theodore Roosevelt signed a treaty with Mexico under which both countries agreed to submit a long-standing dispute over interest payments to the Court of Arbitration at The Hague
    1906 – The Wright Brothers patented an aeroplane.
    1906 - A British garrison left Esquimalt, on the Pacific coast, after a military occupation that began in 1858: these were the last British soldiers stationed in Canada.
    1910 – Johnny Olson (1910-85), the voice of “The Price is Right,” was born in Windom, MN.
    1911 - The temperature at Lewiston, Maine soared to 101 degrees. It was the hottest reading ever recorded in New England during the month of May.
    1911 – Boston Braves P Cliff Curtis lost his 23rd game in a row.  His Major League career lasted from 1909 to 1913, during which he never had a winning season. 
    1914 - Birthday of Herman (Sonny) Blout (1914-1993) in Birmingham, AL, better known as “Sun Ra,” a pioneering and innovative jazz musician whose Avant Garde performances mixed elements of theater with his surreal composition and performance style.   http://www.alamhof.org/sunra.htm 
http://www.furious.com/perfect/sunra.html
    1915 – Lassen Peak erupted and is the only mountain, other than Mount St. Helens, to erupt in the continental US during the 20th century.
    1924 - Birthday of French singer Charles Aznavour (d. 2018) in Paris.
    1928 – Singer Jackie Cain’s (1928-2014) birthday in Milwaukee, WI. 
http://www.fantasyjazz.com/catalog/cain_j_cat.html
http://www.jazzvalley.com/musician/jackie.cain
    1928 – T. Boone Pickens’ birthday in Holdenville, OK.  
    1930 – With the Babe smacking three long HRs in consecutive at-bats, the Yankees went on to hit a total of 14 in that game.
    1930 - Birthday of Harvey Bernard Milk (1930-78), gay rights activist and San Francisco city Supervisor, (early nickname "Glimpy Milch) in Woodmere, Long Island, New York.  He was the first openly gay person to be elected to public office in California when he won a seat on the San Francisco Board of Supervisors in 1977.  Milk served almost 11 months in office and was responsible for passing a stringent gay rights ordinance for the city. On November 27, 1978, Milk and Mayor George Moscone were assassinated by Dan White, another city supervisor who had recently resigned but wanted his job back.
http://www.imdb.com/title/tt1013753/
http://harveymilkstory.com/life.html 
    1934 - Birthday of pianist and conductor Peter Nero, born Bernard Nierow in Brooklyn.
    1937 - British jazz traditionalist Kenny Ball (d. 2013) was born in Ilford, England. He had a string of hits during what was known as the "Traditional Jazz" (Dixieland) craze in Britain in the early 1960's. "Midnight in Moscow" was Ball's only hit in North America. A similar arrangement of the tune is used by Radio Moscow as its signature on English-language shortwave broadcasts. 
    1938 – The Brooklyn Dodgers announced plans to install lights at Ebbets Field.  At the first night game ever held at Ebbets Field, on June 15, 1938, Johnny Vander Meer of the Cincinnati Reds threw his second straight no-hitter, becoming the only man to ever throw consecutive no-hitters in the Majors. 
    1942 - The Steel Workers Organizing Committee disbanded and a new trade union, the United Steelworkers, was formed.
    1942 – Ted Williams enlisted in the Marines as a flight instructor.  In addition to serving in World War II, Williams was recalled to fly during the Korean War.  He narrowly escaped death when his jet fighter, damaged after a strafing, exploded after landing just seconds after Williams was able to escape.
    1942 – The Unabomber, Ted Kaczynski, was born in Evergreen Park, IL.
    1943 – The man for whom the surgery is named, Tommy John, was born in Terre Haute, IN.  Often forgotten are the 288 games he won in the Majors, the seventh-most by a lefty in Major League history.  That is more than 32 members of the Baseball of Hall of Fame of which John is not a member.
    1945 - Army Major Robert B. Staver recommended that the U.S. evacuate German scientists and engineers to help in the development of rocket technology.
    1946 – The first rocket to reach edge of space was fired from White Sands Missile Range, NM.
    1947 - Congress approved the Truman Doctrine in order to contain Communism after World War II. It provided for US aid to Greece and Turkey. A corollary of this doctrine was the Marshall Plan, which began sending aid to war-torn European countries in 1948.
    1950 - Pop lyricist Bernie Taupin was born in Sleaford, England. Taupin has been closely linked throughout his career with rock star Elton John, and for most of the 1970's the two were a virtual hit factory, putting 23 singles in the Billboard Top 40, including five that made number one. Among the chart-toppers were "Crocodile Rock" and "Bennie and the Jets."
    1950 - Top Hits
“My Foolish Heart” - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
“Bewitched” - The Bill Snyder Orchestra
“If I Knew You Were Comin' I'd've Baked a Cake” - Eileen Barton
“Birmingham Bounce” - Red Foley
    1952 - San Francisco's first Jazz Festival on Sunday Evening will be headlined by Louis Armstrong and his troupe. Also on the program are the Dave Brubeck Quartet, Anita O'Day and the Four Freshman. 
    1953 - Charlie Parker begins the recording session that produced some of his unforgettable albums with strings and voices. This day he cut “Old Folks,” “If I Love Again,” and “In the Still of the Night.” A jazz genius and performer. The background may sound “tinny” due to the recording abilities in those days, but Parker's alto saxophone solos shine through today with brilliance and his melodies are quite apparent, something questioned in 1953. I listen to this album quite often and have never been bored hearing it again. In fact, it is really a classic, as each time I play it, I swear it is better and I hear something I did not before.
http://www.cmgww.com/music/parker/ 
http://www.kcpl.lib.mo.us/sc/bio/parker.htm
http://www.amazon.com/exec/obidos/ASIN/B0000046WK/inktomi-musicasin-20/
104-5094193-3483111
    1955 – Comedian Jack Benny signed off his last live network radio broadcast after a run of 23 years. Joining Milton Berle and his best friend George Burns, his television shows became as popular as his radio shows, as he brought along with him his announcer Don Wilson; bandleader Phil Harris; Eddie ‘Rochester' Anderson; singer Dennis Day; and his wife, Mary Livingstone.
http://www.liketelevision.com/web1/classictv/jbenny/jbenny2.html
    1955 - Police in Bridgeport, Connecticut cancel a dance at the Ritz ballroom featuring Fats Domino. Authorities say the cancellation is because they discovered that "Rock and Roll dances might be featured" and justify their action by citing "a recent near riot at the New Haven Arena" where Rock and Roll dances were held. 
    1956 – The last “Bob Hope Show” aired on NBC.
    1958 - Jerry Lee Lewis arrives at London's Heathrow Airport to begin his first British tour, along with his new bride, 14-year-old third cousin, Myra. Although advised not to mention it, Lewis answers all questions about his private life, truthfully. The public's shock over Lewis' marriage marks the start of a controversy which eventually ruins his career. The London Morning Star runs an editorial calling Lewis "an undesirable alien" and calls for his deportation, leading to his British tour being cancelled after just 3 of the scheduled 37 performances.  
    1958 - Top Hits
“All I Have to Do is Dream” - The Everly Brothers
“Return to Me” - Dean Martin
“Johnny B. Goode” - Chuck Berry
“Just Married” - Marty Robbins
    1959 - Benjamin O. Davis, Jr., became the first African-American major general in US Air Force.
    1960 - Virtually all coastal towns between the 37th and 44th parallels were severely damaged by a tsunami that struck Hilo, Hawaii.
    1961 - The first revolving restaurant was dedicated, The Top of the Needle, located at the 500-foot level of the 500-foot-high steel and glass tower at the Century 21 exposition, Seattle, WA. It contained 260 seats and revolved 360 degrees in an hour. Above the restaurant was an observation deck and above that, a beacon. It was designed by John Graham and Company.  http://www.spaceneedle.com/  Today, there is the Space Needle, privately owned and operated.
    1962 – The Yankees’ Roger Maris walked five times, four intentionally.
    1963 - Mickey Mantle of the New York Yankees hit a home run off Bill Fisher of the Kansas City Athletics as the Yankees beat the A's, 8-7. Mantle's blast caromed off the rooftop facade at Yankee Stadium and came within a few feet of becoming the only homerun ever hit out of that park.  Teammates and fans claimed the ball was still rising when it hit the 110-foot high facade, then caromed back onto the playing field.  This was but one of three hit off the façade by Mantle in his career, the closest anyone has ever come to hitting one out of Yankee Stadium.
    1964 – President Lyndon Johnson announced the goals of his Great Society social reforms to bring an "end to poverty and racial injustice" in America. 
    1965 - The Beatles attained their eighth Billboard number one hit with "Ticket to Ride," on which Paul McCartney, not George Harrison, played lead guitar. 
    1965 - Jackie DeShannon released "What the World Needs Now Is Love."
    1966 - Bruce Springsteen and his band, the Castiles, recorded two songs co-written by Springsteen. The recordings, Springsteen's first, were never released. He and the Castiles did, however, perform several dates at New York's Cafe the following year.
    1966 - Top Hits
“Monday Monday” - The Mamas & The Papas
“Rainy Day Women #12 & 35” - Bob Dylan
“When a Man Loves a Woman” - Percy Sledge
“Distant Drums” - Jim Reeves
    1967 - Premiere of “Mr. Rogers” on TV. “Won't You Be My Neighbor?” Presbyterian minister, Fred Rogers, hosted this long-running PBS children's program Puppets and human characters interacted in the neighborhood of make-believe. Rogers played the voices of many of the puppets and educated young viewers on a variety of important subjects.  The last episodes of the program were filmed in 2001. Almost 2,000 episodes were produced over the show's history.
http://www.misterrogers.org/
    1967 - Florence Ballard made what would be her last appearance with the Supremes, performing "The Happening" on tonight's episode of NBC-TV's “Tonight Show.”
    1968 – The nuclear-powered submarine USS Scorpion sunk with 99 men aboard 400 miles southwest of the Azores.
    1970 - The “Guess Who” from the Winnipeg, Canada area earned a gold record for both the album and single, "American Woman." It would be one of three million-seller awards for the group. Their other hits included, "These Eyes," "Laughing" and "No Sugar Tonight." The group, which dates back to 1963, disbanded in 1975, with several reunions since then. 
http://www.canadianbands.com/btopage.html
http://home.golden.net/~flasher/
    1972 - President Richard Nixon became the first American president to visit Moscow. Four days later, on May 26, Nixon and Soviet leader Leonid Brezhnev signed a treaty on antiballistic missile systems and an interim agreement on limitation of strategic missiles.
    1972 - No. 1 Billboard Pop Hit: "Oh Girl," Chi-Lites.
    1974 - President Nixon confessed his role in the Watergate cover-up. 
    1974 - Top Hits
“The Streak” - Ray Stevens
“Dancing Machine” - The Jackson 5
“The Entertainer” - Marvin Hamlisch
“Country Bumpkin” - Cal Smith
    1977 - Janet Guthrie became the first woman driver to qualify for the Indianapolis 500 with an average speed of more than 188 miles per hour. She lasted only 27 laps in the race, dropping out when her car broke a valve seal.
    1979 - Cheap Trick's "Live at Budokan" LP was certified gold in the US. It eventually sold more than one-million copies, delaying the release of the follow-up album, "Dream Police." 
    1980 – The highly popular video game “Pac-Man” was released by Namco.
    1982 - Top Hits
“Ebony and Ivory” - Paul McCartney with Stevie Wonder
“Don't Talk to Strangers” - Rick Springfield
“I've Never Been to Me” - Charlene
“Just to Satisfy You” - Waylon & Willie
    1985 – Pete Rose scored his 2,108th run and passed Hank Aaron as the NL run scoring leader
    1985 - “Fortune” Magazine named Sears, Roebuck as the nation's largest retailer for the 21st year in a row.
    1985 - No. 1 Billboard Pop Hit: "Everything She Wants," Wham!
    1985 - "A View to a Kill," the 14th James Bond film and the last to star Roger Moore, also starring Grace Jones and Christopher Walken (…more cow bells, I need more cow bells!!!), premiered in San Francisco.
    1987 - A powerful F4 tornado obliterated the small southwest Texas community of Saragosa, destroying 85 percent of the structures in the town. The tornado claimed 30 lives and injured 121 others in the town of only 183. The twister hurled trucks and automobiles through adobe and wood-frame homes with some blown over 500 feet. Many of the victims were parents or grandparents of children who died sheltering them from flying debris during a ceremony for head start for four-year-olds.
    1989 - Nearly 30 years after the "payola" law destroys the career of DJ Alan Freed, it's finally used to convict someone in the record industry: promo man Ralph Tashjian is found guilty of distributing cocaine and money to radio stations to get more airplay for, among others, Bruce Springsteen.
    1990 - The Cincinnati Reds intentionally walked outfielder Andre Dawson of the Chicago Cubs a record five times in a 16-inning game. Dawson's five free passes broke the record held by Roger Maris and Garry Templeton. 
    1990 - Microsoft unveiled Windows 3.0 at gala events in twenty cities around the world, linked by satellite to a theater in New York City. The show featured a speech by Bill Gates, as well as laser lights, videos, and surround sound. Microsoft spent $10 million publicizing the new release in what was generally regarded as the most expensive software introduction to date. While PIK, IBM, Apple and others tried to promote their operating system, even with 12 floppy disks, Microsoft sold three million copies of Windows 3.0 as it was quite “user friendly.”
    1990 - Top Hits
“Vogue” - Madonna
“All I Wanna Do is Make Love to You” - Heart
“Hold On” - Wilson Phillips
“Walkin' Away” - Clint Black
    1991 – NFL owners agreed to add two teams – the Carolina Panthers and the Jacksonville Jaguars began play in 1995.
    1992 - After almost 30 years as host of the "Tonight" show, Johnny Carson hosted his last show. The show began as a local New York program on Dumont that was purchased by NBC, and Steve Allen was the first host of the network show. Carson became host on October 1, 1962, taking over from Jack Paar, with side kick Ed McMahon and Doc Severinsen, longtime band leader. In a split with the network, David Letterman went to CBS as Jay Leno was chosen to take over the spot.
    1992 - Replacing Tom Runnells, Felipe Alou is named as the manager of the Montreal Expos. The eventual second-place Montreal club is 17-20 at the time the Colorado native firing.
    1993 - The first movie was broadcast on the Internet by its director David Blair. It was his cult science-fiction film “Wax: Or the Discovery of Television Among the Bees.” Blair uploaded the film in digital video format for viewing world-wide.
http://www.thekitchen.org/MovieCatalog/Titles/Wax.html
http://www.rc3.org/archive/inform/4/9.html
http://www.amazon.com/exec/obidos/ASIN/630303165X/inktomi-videoasin-20/
104-5094193-3483111 
http://fusionanomaly.net/waxorthediscoveryoftelevisionamongthebees.html
    1996 - Garth Brooks celebrated his 60-millionth album sold with a 1960s theme party in Nashville. The Recording Industry Association of America said Brooks was the best-selling country artist of all-time and the second-highest selling artist ever in the US. Only the Beatles had sold more. Third place belongs to Billy Joel, who has not released a new song in a decade.
    1997 - The hit-making Fleetwood Mac lineup of Mick Fleetwood, John McVie, Christine McVie, Lindsey Buckingham and Stevie Nicks reunited for their first full-fledged public performance in 15 years. The show, on a soundstage at Warner Brothers studio in Burbank, California, was one of two taped for an MTV special and a live album. Nicks stopped the concert - twice - because she forgot the words to "Dreams," Fleetwood Mac's only number-one single.
    1998 - A federal judge ruled that United States Secret Service agents can be compelled to testify before a grand jury concerning the Lewinsky scandal involving President Bill Clinton.
    2000 - At the ASCAP Pop Music Awards, Steely Dan receives the lifetime songwriting achievement Founders Award.
    2001 - For the second time this season, Barry Bonds homers in six consecutive games. His nine homers during this span established a National League mark. Senators' slugger Frank Howard's 1968 feat of hitting 10 homers in six games is the Major League record.
    2002 – In Washington, DC, the remains of the missing Chandra Levy were found in Rock Creek Park but were too decomposed to shed any light on her death.
    2002 - A jury in Birmingham, Alabama, convicted former Ku Klux Klan member Bobby Frank Cherry of the 1963 murders of four girls in the bombing of the 16th Street Baptist Church.
    2003 – Annika Sorenstam became the first woman to play the PGA Tour in 58 years.    
    2003 - Arturo Moreno purchases the World Champion LA Angels from Walt Disney for $184 million to become the third owner in the 43-year history of the franchise. The 56-year-old outdoor advertising tycoon, who is a fourth-generation Mexican-American, is the first Hispanic to have a controlling interest in a Major League club.
    2004 - Hallam, Nebraska was wiped out by a powerful F4 tornado that broke a width record at an astounding 2.5 miles wide. It also killed one local resident.
    2011 - An F5 Tornado struck Joplin, Missouri, killing at least 158 people, the single deadliest US tornado since modern record keeping began in 1950.
    2012 - Yahoo! sold its stake in Alibaba Group for $7.1 billion.
    2013 - Ibragim Todashev, a suspect under FBI questioning in Orlando, Florida, for his connections to the April, 2013 Boston Marathon bombing, was shot dead after attacking an agent during the course of questioning.  He had allegedly attacked the agent, with a pipe or stick, while writing a statement about the Boston Marathon bombings and a triple homicide in Waltham, MA, on September 11, 2011. The investigators involved in the incident said that Todashev had implicated both himself and Tamerlan Tsarnaev in the Waltham murders before he was killed.