We know this past year has made it difficult to make new business connections. Funding criteria has changed, and restrictions have been put in place on certain industries. Now, more than ever, it is important to stay in touch with your funding partners and to solidify new relationships to make sure the deal flow does not get interrupted.

Join us May 5-7, 2021 and connect with these outstanding funding sources and service providers. Forge new partnerships or reconnect with your existing partners to keep your business moving forward in 2021!

EXPO EXHIBITORS
American Lease Insurance
Amur Equipment Finance
Balboa Capital
Bankers Capital
BankFinancial Equipment Finance
Baystone Government Finance/KS StateBank
Bryn Mawr Funding
C.H. Brown Co. LLC
Channel Partners Capital
CLFP Foundation
Financial Pacific Leasing, Inc.
First Federal Leasing
Global Financial & Leasing Services LLC
Gulf Coast Business Credit
instaCOVER
Meridian Equipment Finance
Monitor
Navitas Credit Corp.
NCMIC/Professional Solutions
NewLane Finance
North Mill Equipment Finance LLC
North Star Leasing
Orange Commercial Credit
Providence Equipment Finance, a Division of Providence Bank & Trust
Quality Leasing Co., Inc.
TradeRiver USA, Inc.
VFI Corporate Finance
YES Leasing

Early-bird broker registration for the 2021 Virtual AACFB Commercial Financing Expo is only $150 for the first attendee from each broker company and only $50 for each additional attendee.

PLUS - The first broker to register from each company will receive a $100 gift card if they meet with at least 5 exhibitors, either during trade show hours or via one-on-one appointments during the event.

Full Agenda:
https://expo.aacfb.org/agenda/full-agenda

Registration:
https://expo.aacfb.org/registration

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Leasing Industry Job Wanted
Credit – Experienced Asset Manager

Asset Management

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

Credit

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

Post a Free Ad that You are Looking
Limited to 100 Words
http://leasingnews.org/Classified/Jwanted/Jwanted-post.htm

 

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Top Ten Leasing News
April 26 to 28

(Stories most opened by readers)

(1)  "We Only Live Once, Snoopy"
    Cartoon
http://leasingnews.org/archives/Apr2021/04_26.htm#live

(2) New Hires/Promotions in the Leasing Business
    and Related Industries
http://leasingnews.org/archives/Apr2021/04_30.htm#

(3) North Mill Equipment Finance Continues to Expand
    with Fourteen New Staff Members
http://leasingnews.org/archives/Apr2021/04_26.htm#nm

(4) CLFP's by Company
    Members with Two or More - Updated
http://leasingnews.org/archives/Apr2021/04_28.htm#clfp

(5) CIT Has Remained Strong
    First Quarter 2021 Reports
http://leasingnews.org/archives/Apr2021/04_30.htm#cit

(6) Part 2
  Ken Greene, Esq. Report on SFNet Webinar
    State Financial Disclosure Legislation:
         What You Don’t Know May Hurt You
http://leasingnews.org/archives/Apr2021/04_28.htm#greene

(7) Part 3
  Disclosures for Non-Traditional Finance Products
     and Beyond by Ken Greene, Esq.
       What You Don’t Know May Hurt You
http://leasingnews.org/archives/Apr2021/04_30.htm#3

(8) Ken Greene, Esq. Report on SFNet Webinar
       State Financial Disclosure Legislation:
         What You Don’t Know May Hurt You
http://leasingnews.org/archives/Apr2021/04_26.htm#webinar

(9)  Small Business Owner Optimism is Rebounding in 2021
    Key Insights about the U.S. Economy, Hiring and Business Growth
http://leasingnews.org/archives/Apr2021/04_28.htm#small

(10) Ascentium Capital LLC Announces First Quarter 2021
     Funding Volume of $312 Million
http://leasingnews.org/archives/Apr2021/04_28.htm#asc

Story Credit Lessors - Lenders List for COVID-19
"C" & "D" Lessees, Business Loans, Working Capital

With the topsy-turvy of funders, as well as the changing of credit and industry requirements, story credit lessors and lenders are now more in need than ever.  Here are funders who also may take "A" and "B" rated applicants and more may be more interested not in "application only." Some may become more comfortable learning more, beyond reviewing financial statements and tax returns, additional collateral, learning more about the story behind the business as qualifiers.

To qualify for this list, the company must be a funder (as qualified by Leasing News and on the “Funder List” and not a "Broker/Lessor; notifies lessees in advance when the lease will end and what the residual will be, does not automatically extend the lease or insist that their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications.

Balboa Capital Corp.  Bankers Capital Black Rock Capital Investment, LLC BSB Leasing, Inc Calfund, LLC Dakota Financial

Financial Pacific Leasing Forum Financial Services, Inc. Gonor Funding Maxim Commercial Capital, LLC North Mill Equipment Finance

Pawnee Leasing Corporation P&L Capital Corporation Providence Equipment Finance SLIM Capital, LLC TEAM Funding Solutions

Leasing News encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is also very much encouraged."

Full List:
http://leasingnews.org/Story_Credit/Story_Credit.htm

 

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Use a "Story Credit" to Close a Sale

Sales Make it Happen --- by Christopher Menkin

Think ahead to what will attract your credit grantor to buy your deal. Put your hat on as if you are a credit decision maker. Sit across the table and ask, “if someone brought you this, what would make you most comfortable to approve it?" Get this agreed in advance with your customer. If you know it’s not going to be easy getting an approval, find out what is available to make it happen by thinking of using a “story credit” lessor.

EFA

As credit criteria is changing, you as a sales person need to change with it. This means looking at other ways of convincing your company or funder to accept a transaction. If there is too much soft cost or other equipment problems, consider an "Equipment Finance Agreement," often called an "EFA." Since most leases are $1.00 residuals, an EFA often is more attractive as the lessee becomes a debtor and problems stemming from being a lessee may make a difference, particularly on certain equipment and/or situations.

Security Deposit

Try selling two or more security deposits to the lessee to speed up the process. A typical lease requires one month as a security deposit. This deposit may not be considered income but an actual "security deposit," not deducted from the stream of payments. It is not earned until the end of the lease and most commonly is used in lieu of the last lease payment. Many funders see this as an advantage.

Many "C" and "D" credits require this. Also, see if getting a 10% purchase option at the signing of the lease may make a difference to the credit grantor. In the early 1970's, it was most common for most leases to be written first and the ten percent (the ten percent the purchase option paid in advance.

In ‘hard” credits, it is not uncommon for a lessor to require a ten, or twenty-five, and sometimes a fifty percent deposit. Usually, usually interest is not paid on this deposit to the lessee. Sometimes the residual is taken as a deposit (and no interest paid on this either).Often the deposit is not held for the full length of the lease but a specific time limit and other requirements, such as a history of payments made on time or financial criteria. The deposit is an incentive to obtain a credit approval on the lessee and equipment.

My advice is to go in strong to the credit grantor. Have a deal they cannot refuse because you have covered the bases well and made it also more profitable for the lessor. Get as much as you can get to make the first decision a “yes, “not a “maybe” or “if” answer. If you go in with more security deposits or additional collateral, you may win the deal with the credit department.

Several “story credit” companies have such requirements. Perhaps your credit decision maker may consider the “abundance of caution,” as bankers call this action.

Vehicles

Contrasting warrants, smaller transactions, where the credit or situation is not very attractive, or company is new, pink slips to vehicles are held by the lessor. A vehicle appraisal, condition report, and department of motor vehicle processing are required. In many states, the highway patrol, motor vehicle department, can perform a condition report. Often, a third-party vehicle dealer is used for both the appraisal and vehicle condition report. Also, the lessor utilizes a "blue book" and site inspection by a leasing officer or disinterested third party, such as an auto dealer not involved in the transaction.

In the past, we have written several of these leases, trading pink slips for collateral substitution. This is more common with new tow truck operators or sub-contractors in the construction industry. It also works with small ticket transactions where the owner pays cash instead of credit with their suppliers.

Additional Guarantors

We have had mothers’ and fathers’ guarantee for their children's new company or management of their existing company. This applies to all ages. We had a 68-year-old mother guarantee her son's expansion of his business. We were very glad when the lease was completed because no matter the financial situation of the guarantor, we did not want to collect from his mother.

Normally, the guarantor is a "blood relative." Sometimes it is a corporate guarantor, such as from a corporation out of the state, often foreign, who has started a "presence" and new corporation in the United States. In California, we have several leases guaranteed by a Canadian, Israeli, British, or Finish parent corporation. We also have leases from out of state corporations, such as one guaranteed by the Texas Corporation parent or former corporation who sold one of their companies to their employees in an ESOP plan.

The older credit days of obtaining a guarantee from a best friend are gone. Creditors found when it came to collecting money from best friends, the friendship ended and only the attorneys were paid.

Other Equipment

Informal appraisals from dealers or other parties are most common, using the depreciation schedule in the tax return to verify cost of equipment and value of the equipment. It is not uncommon to require 150% of the depreciated value in lieu of a formal appraisal that may cost the lessee three percent of the evaluation from a professional appraiser.

A UCC search and appraisal are often required (informal to formal) to $250 to verify that the equipment is "free and clear" from other blanket liens or specific liens and it is worth a specific value. It is not uncommon for the process to take two to four weeks longer to clear up liens that have not been released or for debtors to be paid off. Often this is also viewed as a "sale-leaseback," meaning a bulk rate filing in a local newspaper for ten days is also required.

So called “hard collateral” equipment also may have a factor in the valuation procedure. Some story credit specialize in this, and even offer a lower rate for additional collateral to make them more comfortable with the transaction.

CD's

This is very similar to cash, except the lessee earns the interest on the "deposit" Often the Certificate of Deposit is held at the lessor's bank.

It sometimes is held at the lessee's bank but there are many restrictions and procedures in place. It is also not uncommon to find the CD from a "guarantor" or third party, such as a company that will realize the appreciation of the equipment and performance of the lessee with the equipment. Trusts and other entities may also have the ability to pledge a certificate of deposit. Time limits and other considerations may be made, depending primarily on the size of the transaction and situation.

This is common in startups who want to show the cash on their financial statement or not give up stock for the granting of credit. It also may be from a dealer, a customers, a relative, who doesn't want to guarantee, but has cash and will allow it as a source to guarantee the transaction. The cash should be in the lessor's name with interest to the lessee.

These are generally leases where the lessee qualifies for a smaller lease, but wants a large lease and the company is often moving to a major plateau.

Letters of Credit

The lessee obtains a letter of credit through their bank. It may come from their bank relationship, meaning accounts receivable, other loans, or personal guarantees of value to the bank. Costs are normally between two to three percent per year; with other fees; depending on the size of the letter of credit.

The letter of credit may also be in a step manner, meaning each year the dollar amount decreases as the lease is paid out. It is most common for the letter of credit to cover the entire stream of payments, not just the cost of the equipment.

Sometimes the letter of credit replaces a personal guarantee, a restriction of the nature of the equipment We completed a $300,000 letter of credit lease with a law firm, utilizing one personal guarantee and none of the other partners. We completed a $75,000 lease with a letter of credit and other equipment as collateral. We like letters of credit more than a cash deposit, but ranked number two because in the leasing business, additional security deposits are more common.

Stock

In this instance, the stock is most common physically held by the lessor or its bank or stock broker. There are instances when the stock is held by a third party. It is not uncommon for the stock to be valued at 50% of its selling price, or in other words, on a $50,000 lease, $100,000 worth of publicly traded stock to be held by the lessor. In all the instances I have seen, the full dollar amount of the lease is required to be covered by a publicly traded stock, municipal bond, or other such instrument plus 50%. Sometimes it is higher.

Warrants are a form of stock. This is very common in Venture Backed Leases. A warrant is issued by the lessee, meaning the value of the stock "today" is promised to the lessor with the ability to purchase at any time in the future (there can be time limits, but not common to require). This gives the lessor the advantage that a new company starting out with a stock value of $5 may go to $50, or better yet, split several times, and it multiplies to be worth $125 or more in three to five years. It is an incentive to extend credit to a company not turning a profit or expected to turn a profit for several years. It is also attractive to investors or smaller leasing companies who are willing to extend credit with warrants.

This instrument has become so popular with banks and venture capital groups in the last few years, that the dollar amount considered has gone down to $100,000 (usually the minimum was $500,000).

Second Mortgages

I put all my Chucky Cheese deals for new restaurants together with second mortgages as security.  The same when McDonald’s and Jack in the Box in the early 1970’s, especially when a drive-through. Just ask Russ Wilder, CLFP, now long time EVP, Chief Credit Officer at ATEL Capital Group. When he was at Fireside Thrift, we did a lot of these deals using second mortgages.

 

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Leasing Industry Help Wanted

 

 

 

Would You Hire You?

The Ultimate Hire by Ken Lubin, ZRG Partners

This is a personal accountability and responsibility question. If you walked out the door for an interview, sales call, or even a date, this is a question you must ask yourself.

How do you look? Is your story dialed in? How is your attitude? Are you likable? Are you willing to do what it takes, no matter what? Do you make excuses? Have you done all of your homework on the hiring manager, company, team? Are all the boxes checked off so that you will be remembered as a person they must hire or do a deal with?
 
I know it is a different way of thinking but now it is on your shoulders. I know for me, this is an opportunity to be better prepared to win. If I look in the mirror on my way out the door and I am not ready to have a definitive yes, it is time to adjust so that I am.
 
Before you next interview, sales call, yearly review, or date, ask yourself this very important question, “Would You Hire you?”

Ken
klubin@zrgpartners.com

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

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

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

 

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$1.67 Trillion in Purchase Housing Originations
Forecast for 2021 by Eric Peck, MR Report

If Q1 was any indication, the housing market is experiencing a great start to the New Year, as the Mortgage Bankers Association (MBA) has forecast that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion.

After last year's record $3.83 trillion in mortgage originations, MBA forecasts volume to fall 14% this year to $3.28 trillion, which would still be the third-highest total ever. Mortgage rates are expected to continue rising to around 3.7%, contributing to a further slowdown in refinance demand. Refinance originations are expected to fall by 33% to $1.62 trillion.

Mike Fratantoni, Chief Economist and Senior Vice President for Research and Industry Technology, commented, "The housing market is incredibly strong this year, with robust housing demand in nearly every part of the country, driven by the improving economy, households seeking more indoor and outdoor space, millennials reaching their prime home buying years, and still low mortgage rates.

"A lack of supply is the biggest hurdle to an even larger increase in home sales. The widening imbalance of supply and demand is driving up home-price growth and eroding affordability—especially for entry-level buyers."

In February, the MBA raised its estimate of annual real GDP growth in 2021 to 5.9% in February from 3.7% in January. According to Fratantoni, the American Rescue Plan and vaccine rollout will continue to provide a lift to the economy, households, and businesses through the summer. He expects economic growth to jump to 6.5% this year, a vast improvement from the pandemic-induced contraction of 2.4% in 2020.

“With a widely distributed vaccine reaching more of the country, we anticipate that many consumers will unleash pent-up demand fueled by the cash they have been saving over the past year,” said Fratantoni. “This is especially so in the service sector of the economy, which has been most severely impacted by the limited or even absence of in-person transactions."

Another step in the right direction is last week’s report of unemployment insurance claims, which for the week ending April 17, the advance figure for seasonally adjusted initial claims was at 547,000, a decrease of 39,000 from the previous week, marking the lowest level for initial claims since March 14, 2020 when claims were at 256,000.

"The economy will continue to recover, with rapid job growth, particularly in the hardest-hit, service sectors of the economy," said Fratantoni. "The job growth is certainly positive, but this environment sets the stage for higher mortgage rates and faster inflation. However, if housing inventory levels improve and help to keep affordability in check, home sales should remain strong into 2022.

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Amazon was the last of the big five U.S. tech companies to report its earnings for the first three months of 2021 on Thursday. And like the other four GAFAM companies before it, Amazon reported yet another blowout quarter, flying past analyst expectation both in terms of revenue and profit. The e-commerce behemoth saw net sales surge 44 percent to $109 billion in the three months ended March 31, fueled by particularly strong growth of its core e-commerce and advertising businesses.

Even more impressively, Amazon reported its fourth consecutive record profit, seeing its net income jump more than 200 percent to $8.1 billion. This is especially notable as the company’s founder and CEO Jeff Bezos had spent more than a decade defending his focus on long-term growth over short-term profits. As it stands, it looks like Amazon has officially arrived in the “long term”.

The entire group, namely Google, Apple, Facebook, Amazon and Microsoft, saw profits surge at the beginning of 2021, as “Big Tech” continues to profit from the pandemic’s stimulating effect on online advertising, e-commerce and consumer spending. With Apple, Alphabet and Amazon, three of the five even reported triple-digit profit growth, which is astonishing considering the level of profits these companies raked in last year already.

By Felix Richter, Statista

 

Emerging Generation May be More Likely
to End Up In-House
 by Jerome Doraisamy, LawyersWeekly

New findings from a global recruiter indicate that a substantial number of lawyers from Generation Z see working in-house as a long-term career goal.

Major, Lindsey & Africa has released its Gen-Z: Shaping Tomorrow’s Law Firm Culture survey results, which probed the thoughts, expectations and priorities of the emerging generation as they enter professional life.

New findings from a global recruiter indicate that a substantial number of lawyers from Generation Z see working in-house as a long-term career goal.

Major, Lindsey & Africa has released its Gen-Z: Shaping Tomorrow’s Law Firm Culture survey results, which probed the thoughts, expectations and priorities of the emerging generation as they enter professional life.

This increased level of interest in corporate legal life may be explained by worsening perceptions of private practice.

When asked about gender issues, two-thirds (67 per cent) of survey respondents agreed that there is a sexist culture at law firms and three-quarters (75 per cent) agree that a gender pay gap exists.

This latter finding is substantially different to Millennial perceptions in 2019, at which time 62 per cent said there is such a pay gap. “The belief that there is a gender pay gap in law firms appears to be increasing, not decreasing,” MLA mused.

Moreover, just 55 per cent of Gen Z believe that law firms and partners care about their associates, and only 38 per cent agree that law firm CSR programs are “authentic and valued”.

Perhaps the clearest potential reason for greater interest in in-house work is that 62 per cent of respondents said that law firm partnership is less desirable than it was a decade ago. However, this figure was slightly down from the millennial results two years ago, where 66 per cent said partnership was not appealing.

While MLA surveyed students at US-based law schools, law departments and general counsel should heed the findings if they are to attract and recruit the best talent as Australian businesses look to navigate a potentially turbulent post-pandemic market.

 

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$88 Trillion World Economy in One Chart
How World Relies on GD

Source: Visualcapitalist.com

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

Star Hill Financial Announces Creation
of New Division: SH Franchise Finance

Star Hill Financial LLC, a certified Women Business Enterprise, announced the creation of a new division, SH Franchise Finance, with the addition of three key leaders.  Mike Orlov and Greg McNally were appointed Senior Vice President, Business Development Officer and Christopher Wellbrock was appointed Senior VP of Credit.  Keith Smith, Star Hill’s President of Equipment and Franchise Finance stated, “With my experience leading the franchise finance division at Sterling National Bank, I saw a unique opportunity in the marketplace to bring a fresh balance sheet to support the franchise industry.  We will continue to support national brands with a focus on Tier 1 and Tier 2 quick serve restaurants.” 

Hollis Bufferd, Chief Executive Officer, stated, “As I have said before, expansion and growth is our mission for 2021. Creating a franchise division was a natural addition to our product offering.  Mike, Greg, and Chris bring over 40 years of experience in franchise financing.  Combined they financed over $1 billion in franchise transactions “They are top performers in their field; and we know they will continue to be successful at Star Hill. ”

Star Hill, Mike Orlov, commented, “When Star Hill approached Greg and I with the opportunity to join their team it was a no brainer.  They have a talented team that will allow us to focus on continuing to grow the franchise lending portfolio by offering our customers a wide variety of lending products.”

  

Greg McNally, Senior Vice President, Business Development, added, “Mike and I are excited to be working together again.  We are looking forward to building a team from the ground up.  Working at Star Hill will allow us the flexibility to pivot based on the ever-changing environment.  We look forward to working with our customers to continue to assist them with their growth.”
Prior to joining, Gregg McNally was VP of Sales at Bridge Funding Group, Inc., a Bank United Company, and GE Capital focusing on all major restaurant brands as well as the personal services and fitness sectors.

Christopher Wellbrock, Senior VP of Credit, has built his career in risk management including serving as Vice President and Senior Underwriter in Sterling National Bank’s franchise finance division.  Prior to Sterling, Chris was an underwriter at JP Morgan Chase & Co. in the Wholesale Credit Risk Regulatory & Strategy group.

Keith Smith, Star Hill’s President of Equipment and Franchise Finance, commented, “The addition of Chris Wellbrock rounds out our executive team. His experience in risk management, specifically in restaurant franchises, supports the expansion of Star Hill.” 

Wellbrock said “The synergy of the Star Hill team is amazing.  I am excited to work with seasoned industry leaders like Keith, Mike, and Greg.”

About Star Hill Financial LLC
Star Hill Financial LLC is certified Women Business Enterprise (WBE) and independent equipment and franchise finance company based in Fairfield, Connecticut. Star Hill was founded by Hollis Bufferd in 2016 to provide advisory services and equipment financing.  Since that time, Star Hill has expanded its Equipment Finance Division and continues to expand partnership with financial institutions and captive companies by providing them the ability to offer their customer base the option of using a minority lending partner. With the launch of SH Franchise Finance, Star Hill has created a customer centric franchise finance group with deep experience structuring transactions. As a certified WBE, Star Hill’s goal is to help customers meet their diversity spend requirements while providing solutions that work for their company.

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

Shepherd (unknown type)
Norwalk, Connecticut  Adopt-a-Dog

Nico
Male
2 Years old
Neutered
Up to Date with shots
Good with Dogs

"Nico is a handsome 2 year old Shepherd mix who's got energy and enthusiasm to spare. He is a social boy who is pleased to make a new friend. He enjoys a long hike in the mountains, play time with friends and exploring new terrain. Nico likes other pups and is a higher energy and somewhat physical player looking for a likeminded canine friend. He's intelligent, knows some basic commands and is ready to learn new tricks. Nico would do well with an active family willing to keep him busy and continue to work on his training. He is best suited for a household with adults and children 10+."

PAWS
(Pet Animal Welfare Society
504 Main Avenue
Norwalk, Connecticut 06851
Contact: Lisa Barnett
dogs@pawsct.org
2030750-9572, ext. 109

Application:
https://linktr.ee/pawsct

 

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Four Types of Interim Rent
By Christopher Menkin

  Construction Interim
Funds advanced to the manufacturer of the equipment during construction of the equipment.

  Delivery Interim
Partial payment to the manufacturer upon delivery of the equipment prior to the Lessee's acceptance of the equipment.

   Multiple Delivery Interim
Daily rent on delivery of accepted equipment prior to the balance of the equipment being accepted by the Lessee

   Due Date Interim
Additional rent charged to change the due date on the Lease from the
commencement date to a more acceptable date during the month.

   Explanation:
The first three are usually a part of a “Master Lease,” which is usually a document that provides a line of credit allowing a Lessee to add equipment under the same basic terms and conditions without negotiating a new Lease contract. Often it is one contract in sections.

The rent is most common “interest only” and often a separate document spells this out from the “Master Lease.”

Partial payments are normally part of the “Master Lease” and generally are “interest only,” often spelled out in a separate document not part of the lease contract itself.  In smaller leases, the payment is derived from a lease factor (the monthly payment as a multiplier) of the master lease payment.  It also includes the principal, which is kept by the lessor as an extra profit as it is not deducted from the monthly payment or actual total cost of the equipment.  The difference in the payment from the interest is then “extra profit.”

The Due Date Interim includes “extra profit” for the lessor as the actual lease is billed in advance to the lessee but converted to the
bank or line of credit in arrears.  A T-Value program can compute the extra profit in this arrangement.

Some offer a first or 15th of the month payment due date and do not charge interim rent or actually start the payment on a specific day the vendor is paid. Then in an ACH billing system where a specific day for the payment is not necessary for bookkeeping or collection purposes.

What is known as a 90 day interim payment is in reality a scam, as it is not a choice of a day in the month for payments to be due, but an means of extra profit since the interim rent is not part of the monthly payment stream.

News Briefs---

Uber, Lyft earnings, April jobs report:
     What to know this week
https://finance.yahoo.com/news/uber-lyft-earnings-april-jobs-report-what-to-know-this-week-163651891.html

Subway franchisees fight for more frequent food deliveries:
     ‘It’s not fresh’
https://nypost.com/2021/05/02/subway-franchisees-fight-for-fresher-food-more-deliveries/

US bank M&A surges as tech investment drives deals
    looking to cut costs and scale up to invest in digital services
https://www.thebanker.com/World/Americas/US/US-bank-M-A-surges-as-tech-investment

No relief: Global container shortage likely to last until 2022
  Equipment lessors continue to see low inventories
    and extremely high prices
https://www.freightwaves.com/news/no-relief-global-container-shortage-likely-to-last-until-2022  

Truckers fall under California gig economy law,
   court says
https://www.northbaybusinessjournal.com/article/industrynews/truckers-fall-under-california-gig-economy-law-court-says/
 

 

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You May Have Missed---

Wondering why your Mother’s Day bouquet
    might be more expensive? Blame a flower shortage – ORDER EARLY
https://www.chicagotribune.com/business/ct-prem-biz-mothers-day-flower-shortage-20210430-rabojejedbcqxh3prhvhphiipy-story.html

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Sports Briefs---

NFL Draft 2021: Reviewing This Year's Biggest Steals,
    Reaches and Surprises
https://bleacherreport.com/articles/2942304-nfl-draft-2021-reviewing-this-years-biggest-steals-reaches-and-surprises

The analytics say the Chicago Bears had the best
   draft class in 2021
https://www.windycitygridiron.com/2021/5/2/22416004/nfl-draft-results-analytics-chicago-bears-best-class-rookies-2021-justin-fields-teven-jenkins-pace

Green Bay Packers' Super Bowl Window
    Is Slamming Shut Amid Aaron Rodgers Drama
https://bleacherreport.com/articles/2942348-green-bay-packers-super-bowl-window-is-slamming-shut-amid-aaron-rodgers-drama

Meet the Patriots’ 2021 draft picks
https://www.bostonglobe.com/2021/05/01/sports/new-england-patriots-draft-picks-2021/

2021 NFL Draft: The Biggest Mistakes
    That Could Have Been Avoided
https://bleacherreport.com/articles/2942311-2021-nfl-draft-the-biggest-mistakes-that-could-have-been-avoided

San Jose Earthquakes jump into first place
     in Western Conference
https://www.pressdemocrat.com/article/sports/san-jose-earthquakes-jump-into-first-place-in-western-conference/

Trey Lance: No. 1 in the Niners' draft,
      No. 1 in your heart and No. 1 on your new jersey
https://www.sfgate.com/shopping/article/trey-lance-jersey-49ers-number-16142702.php?IPID=SFGate-HP-Shopping-Main

Curry's big 3rd quarter leads Warriors past Rockets, 113-87
https://www.sfgate.com/sports/article/Curry-s-big-3rd-quarter-leads-Warriors-past-16144910.php

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

California Nuts Briefs---

California parents would get big tax breaks under
    Biden proposal. Here’s how much to expect
https://www.sacbee.com/news/politics-government/article251067039.html

Drought forces Sonoma County farmers
    to make adjustments to crop plans
https://www.pressdemocrat.com/article/industrynews/drought-forces-sonoma-county-farmers-to-make-adjustments-to-crop-plans/

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

“Gimme that Wine”

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

Wine Tourism to See Revival
https://www.winebusiness.com/news/?go=getArticle&dataId=244908

Ste. Michelle’s Sales Rebound in the First Quarter
https://www.shankennewsdaily.com/index.php/2021/04/29/28533/ste-michelles-sales-rebound-in-the-first-quarter/

Australian Winery Makes World's First
    Ever Naturally Purple Wine
https://www.ladbible.com/news/latest-australian-winery-makes-worlds-first-ever-purple-wine-20210428

Wine.com revenue reaches $355 million in Fiscal Year 2021
https://www.globenewswire.com/news-release/2021/04/29/2219815/0/en/Wine-com-revenue-reaches-355-million-in-Fiscal-Year-2021.html

United Sommeliers Foundation Announces the Creation
    of the Debbie Lewis Scholarship: Women in Wine
https://www.winebusiness.com/news/?go=getArticle&dataId=244880

Database: 2021 North Coast Wine Challenge winners
https://www.pressdemocrat.com/article/lifestyle/database-2021-north-coast-wine-challenge-winners/

Wine of the week: Smith-Madrone,
    2017 Spring Mountain District, Napa Valley Riesling
https://www.pressdemocrat.com/article/lifestyle/wine-of-the-week-smith-madrone-2017-spring-mountain-district-napa-valley/

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

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

This Day in History

     1494 - Christopher Columbus saw the island of Jamaica on his second voyage. He never actually saw nor did his discoveries include the United States, but the island off the continent. The islands were Europe's main gateway into the New World. Nearly 300 years later, the first Revolutionary War naval battle was fought here to gain control of this ocean thoroughfare.
http://memory.loc.gov/ammem/today/may03.html
http://www1.minn.net/~keithp/cctl.htm
    1654 - Richard Thurlow built the first toll bridge with his own money over the Newbury River at Rowley, MA. The court fixed a rate of toll for animals, but passengers were permitted free passage. It remained until 1680.
http://www.angelfire.com/ny/chickened/thurlowfamily.html
    1761 - Large tornadoes swept the Charleston, South Carolina harbor when a British Fleet of 40 sails was at anchor. It raised a wave 12 feet high, leaving many vessels on their beam ends. 4 people drowned.
    1774 - A May snowstorm from New York City to Virginia covered the ground. A severe frost killed fruit in North Carolina
    1802 – Washington, DC incorporated.  The US Constitution provided for a federal district under the exclusive jurisdiction of Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, which included the pre-existing settlements of Georgetown and Alexandria.  In the 1830s, the District's southern territory of Alexandria went into economic decline partly due to neglect by Congress.  The city of Alexandria was a major market in the American slave trade and pro-slavery residents feared that abolitionists in Congress would end slavery in the District, further depressing the economy. Alexandria's citizens petitioned Virginia to take back the land it had donated to form the District, through a process known as retrocession.  The Virginia General Assembly voted in February, 1846 to accept the return of Alexandria and on July 9, 1846, Congress agreed to return all the territory that had been ceded by Virginia. Therefore, the District's current area consists only of the portion originally donated by Maryland.  In 1871, it created a single municipal government for the remaining portion of the District.  The Twenty-third Amendment to the Constitution was ratified in 1961, granting the District three votes in the Electoral College for the election of president and vice president, but still no voting representation in Congress. In 1973, Congress enacted the District of Columbia Home Rule Act, providing for an elected mayor and 13-member council for the District.  In 1975, Walter Washington became the first elected and first black mayor of the District.
    1825 - Laura Matilda Towne (d. 1901) birthday, Pittsburgh, PA. After the Civil War, she and her close friend, Ellen Murray, founded one of the earliest and most successful schools for former slaves on the coastal islands of South Carolina. She had studied homeopathic medicine privately and taught school in her native Pennsylvania before volunteering to teach - and in many ways care for - a large population of former slaves of the sea islands of South Carolina. She taught, acted as physician, and directed relief aid and, in 1862, with Murray founded the freedman's Penn School that used the same curriculum as New England schools. For dozens of years, Penn School was the only education available for the black population of the islands. Her school was eventually taken over by the South Carolina public school system.
http://www.aaregistry.com/african_american_history/2200/
Laura_M_Towne_was_a_primetime_educator
    1862 - After nearly a month's siege, General Joseph Johnston's outnumbered Confederate forces evacuated Yorktown, VA, and moved back to Richmond. General McClellan's Army of the Potomac occupied Yorktown the following day. General Johnston is considered one of the top generals of the Confederacy and, if it were not for the overwhelming amount of money, the ability to “buy” foreign recruits, the war may have gone the way of the Confederacy due to military leaders such as Johnston. With the capture of Yorktown, President Abraham Lincoln left Washington, DC, for Fort Monroe, VA, to observe the ongoing Peninsula Campaign.
http://tennessee-scv.org/camp28/johnstonbio.html
http://ngeorgia.com/site/johnstonstatue.html
http://einsys.einpgh.org:8887/MARION/AAJ-1380
http://www.eaglesongthemusical.com/linkedpages/johnston.html
http://www.civilwarhome.com/johnston1stmanassas.htm
http://www.qmfound.com/BG_Joseph_Johnston.htm
    1886 - At the height of the movement for the 8-hour day, police opened fire in a crowd of workers participating in a general strike at McCormick Harvester Co. in Chicago. Four workers were killed.
    1895 - A F5 tornado carved a 13-mile path through Sioux County in Iowa. 9 people were killed and 35 were injured.
    1898 - Israeli founder and Prime Minister Golda Meir was born Goldie Mabovitch (d. 1978) in Kiev, Ukraine.
    1903 – Bing Crosby (d. 1977) was born Harry Lillis Crosby in Tacoma, WA.  The first multimedia star, Crosby was a leader in record sales, radio ratings, and motion picture grosses from 1931 to 1954.  His early career coincided with recording innovations such as the microphone. This allowed him to develop an intimate singing style that influenced many male singers who followed him, including Perry Como, Frank Sinatra, Dick Haymes and Dean Martin.  Yank magazine said that he was "the person who had done the most for the morale of overseas servicemen" during World War II.  In 1948, American polls declared him the "most admired man alive", ahead of Jackie Robinson and Pope Pius XII.  Also in 1948, Music Digest estimated that his recordings filled more than half of the 80,000 weekly hours allocated to recorded radio music.  Crosby also influenced the development of the postwar recording industry. After seeing a demonstration of a German broadcast quality reel-to-reel recorder brought to America by John T. Mullin, he invested $50,000 in a Californian Electronics company called Ampex to build copies. He then convinced ABC to allow him to tape his shows. He became the first performer to pre-record his radio shows and master his commercial recordings onto magnetic tape. Through the medium of recording, he constructed his radio programs with the same directorial tools and craftsmanship (editing, retaking, rehearsal, time shifting) used in motion picture production, a practice that became an industry standard.  In addition to his work with early audio tape recording, he helped to finance the development of videotape, bought television stations, bred racehorses, and co-owned the Pittsburgh Pirates baseball team. Crosby's was among the most popular and successful musical acts of the 20th century. Billboard magazine used different methodologies during his career. But his chart success remains impressive: 396 chart singles, including 41 No. 1 hits.  If the many times "White Christmas" charted are counted, that would bring that number up to 43 – more than The Beatles and Elvis combined!  He may have been the best-selling recording artist with up to 1 billion units sold.  He received 23 gold and platinum records, according to the book Million Selling Records. The Recording Industry Association of America did not institute its gold record certification program until 1958 when Crosby's record sales were low. Before 1958, gold records were awarded by record companies. Universal Music, owner of Crosby's Decca catalog, has never requested RIAA certification for any of his hit singles.
    1903 - John “Honey” Russell (d. 1973), Basketball Hall of Fame player and coach born at New York, NY. Russell played in more than 3,200 pro basketball games in the sport's early years. In 1936, he became coach at Seton Hall University, remaining there for 11 seasons. He was also a baseball scout, a football scout and a promoter. Inducted into the Naismith Memorial Basketball Hall of Fame in 1964.  [Note: Russell ran a tryout for the Phillies at Hinchcliffe Stadium in Paterson, NJ that I attended in 1962.  As I was 15 at the time, he was kind enough to let me down easy for being too young to be signed…Ralph Mango]
http://www.hoophall.com/halloffamers/RussellJ.htm
    1906 - Birthday of actress Mary Astor (d. 1987), born Lucile Vasconcellos Langhanke, Quincy, IL. "She was so beautiful she almost made me faint." said John Barrymore but even beyond her beauty, she was a fine actor of screen and stage appearing in more than 100 movies.  Astor began her long motion picture career as a teenager in the silent movies of the early 1920s. She eventually changed to talkies. At first her voice was considered too masculine and she was off the screen for a year. But she appeared in a play with friend Florence Eldridge and the film offers came in and she was able to resume her career in talking films. Four years later, her career was nearly destroyed due to scandal. In 1936, Astor was later branded an adulterous wife by her ex-husband, in a custody fight over her daughter. Overcoming these stumbling blocks in her private life, Astor went on to greater success on screen, eventually winning an Academy award for Best Supporting Actress for her performance in “The Great Lie” (1941). She is also the creator of one of the most memorable roles on the screen, Brigit O'Shaughnessy in “The Maltese Falcon.”
    1911 - Trumpet player Yank Lawson (d. 1995) born Trenton, MO.
http://www.pudbrown.com/YankLawson.htm
http://www2.cybercd.de/artist/Lawson,+Yank.htm
    1913 - Birthday of playwright William Inge (d. 1973), born in Independence, Kansas. He won the Pulitzer Prize for “Picnic,” some of his other plays included “Bus Stop,” “Come Back, Little Sheba.”
http://memory.loc.gov/ammem/today/may03.html
http://www.imagi-nation.com/moonstruck/clsc63.html
    1918 - Tenor Leopold Simoneau (d. 2006), considered one of the most distinguished Canadian singers of the century, was born in St-Flavien, Quebec. Simoneau developed an international reputation in the 1950's as a specialist in the works of Mozart. Among the many highlights of his career was his 1952 appearance in Paris in a production of Stravinsky's "Oedipus Rex," with the composer as conductor and Jean Cocteau as narrator.
    1919 - Birthday of folksinger, songwriter Pete Seeger (d. 2014), born New York, New York. In the 1940's, he performed with Woody Guthrie, before forming the Weavers, who had hits with such folk tunes as "On Top of Old Smokey" and "Goodnight Irene." Seeger was blacklisted by the US government during the '50s. On August 18, 1955, Seeger was subpoenaed to testify before the House Un-American Activities Committee (HUAC) as he once was a member of the US Communist Party. Seeger refused to plead the Fifth Amendment and instead, as the Hollywood Ten had done, refused to name personal and political associations on the grounds that this would violate his First Amendment rights: "I am not going to answer any questions as to my association, my philosophical or religious beliefs or my political beliefs, or how I voted in any election, or any of these private affairs. I think these are very improper questions for any American to be asked, especially under such compulsion as this."  Seeger's refusal to answer questions that violated his fundamental Constitutional rights led to a March 26, 1957 indictment for contempt of Congress; for some years, he had to keep the federal government apprised of where he was going any time he left the Southern District of New York. He was convicted in a jury trial of contempt of Congress in March, 1961, and sentenced to ten 1-year terms in jail (to be served simultaneously), but in May 1962, an appeals court ruled the indictment to be flawed and overturned his conviction.  In the 1960s, he re-emerged on the public scene as a prominent singer of protest music in support of disarmament, civil rights, counterculture and the environment. A prolific songwriter, his best-known songs include "Where Have All the Flowers Gone?” (with Joe Hickerson), "If I Had a Hammer" (with Lee Hayes of the Weavers), and "Turn, Turn, Turn" (lyrics adapted from Ecclesiastes), all of which became hits by multiple artists.
http://www.peteseeger.com
    1920 - Pianist John Lewis (d. 2001) born LaGrange, Il.
http://www.jazclass.aust.com/lewis.htm
http://www.holeintheweb.com/drp/bhd/MJQ.htm
    1921 - Reece “Goose” Tatum (d. 1967), basketball player, born at Calion, AR. Tatum played football and baseball and came into his own when Abe Saperstein asked him to play basketball with the Harlem Globetrotters. Tatum's best asset was his hands, big enough to allow him to hold the ball with one hand. He perfected the overhand hook shot later used by Wilt Chamberlain, Connie Hawkins and Kareem Abdul-Jabbar. Suspended by Saperstein in 1955, he formed his own team, the Harlem Magicians.
    1921 - “Sugar Ray” Robinson, boxer, born Walker Smith, Jr., (d. 1989) at Detroit, Ml. Generally considered “pound for pound the greatest boxer of all time,” Robinson was a welterweight and middleweight champion who won 175 professional fights and lost only 19. A smooth and precise boxer, he fought until he was 45, dabbled in show business and established the Sugar Ray Robinson Youth Foundation to counter juvenile delinquency. To this day, his name connotes class, style and dignity. My father took me to his fight in Yankee Stadium when we lived in New York. My father was a great fight fan and took my brother and I to many bouts.
http://www.ibhof.com/robinson.htm
    1928 - James Brown (d. 2006) birthday, born in Barnwell, SC.
The creator of funk music and a major figure of 20th century popular music and dance, he is often referred to as the "Godfather of Soul."  In a career that spanned six decades, he influenced the development of several music genres.  He sold millions of records in the US from the mid-1950's to the mid-1960s yet remained virtually unknown to most white Americans. But by the late '60s, the breakthroughs scored by black artists on the Motown and Stax-Volt labels helped bring Brown to the attention of the mass audience as well. James Brown's first hit, with his group the Famous Flames, was "Please, Please, Please" in 1956. It sold more than a million copies - the first of his dozens of million-sellers. Thirty years later, in 1986, he was at the top of the charts with "Living in America" from the soundtrack of "Rocky Four."  In 1996, James Brown celebrated his 63rd birthday with a concert in his hometown of Augusta, Georgia. Musical guests included rock guitarist Slash, country group Sawyer Brown and soul star Isaac Hayes.
http://www.funky-stuff.com/jamesbrown/
    1936 - Joe DiMaggio made his Major League debut for the New York Yankees and collected three hits in their 14-5 victory over the St. Louis Browns. For the year, DiMaggio hit .323 with 29 home runs and 125 runs batted in. Those 29 HRs stood as the Yankee record for HRs by a rookie until Aaron Judge hit 52 in 2017.  He used to visit friends in Los Gatos, California often. I saw him eating lunch and dinner out several times. He was well respected and never bothered in the restaurants here.  There were places here where Marilyn Monroe stayed, sometimes with him and they had great privacy, I am told. He was a very private man.
http://www.baseballhalloffame.org/
hofers_and_honorees/hofer_bios/dimaggio_joe.htm
http://www.joedimaggioestate.com/
    1937 - Frankie Valli, lead singer of the Four Seasons, was born Francesco Stephen Castelluccio in Newark, New Jersey. They were one of the most popular groups of the 1960's, with more than 30 singles on the best-seller charts from 1962 to 1976. Frankie Valli's falsetto singing was the group's trademark on such hits as "Sherry," "Big Girls Don't Cry" and "Walk Like a Man." Valli began a successful solo career in 1974 and had such hits as "My Eyes Adored You" and "Grease." He has also put together Four Seasons groups for rock 'n' roll revival shows.
http://www.srv.net/~roxtar/valli_frankie.html
http://www.hwcn.org/~ad828/frankie.htm
    1937 - Margaret Mitchell won a Pulitzer Prize for her novel "Gone with the Wind."  First published in 1936, the story is set in Clayton County and Atlanta, both in Georgia, during the Civil War and Reconstruction. It depicts the struggles of young Scarlett O'Hara, the spoiled daughter of a well-to-do plantation owner, who must use every means at her disposal to claw her way out of poverty following the destructive Sherman’s March to the Sea.  As of 2014, a Harris Poll found it to be the second favorite book of American readers, just behind the Bible. More than 30 million copies have been printed worldwide.
    1943 - Robert Frost won the Pulitzer Prize for Poetry, his fourth time. He won it for “A Witness Tree.” His other awards were in 1924 for “New Hampshire: A Poem with Notes and Grace Notes.” in 1931 for “Collected Poems,” and in 1937, for A Further Range.”
http://www.ketzle.com/frost/
http://www.theatlantic.com/unbound/poetry/frost/frostint.htm
http://www.poets.org/poets/poets.cfm?prmID=196&
CFID=8427572&CFTOKEN=3561476
http://www.amazon.com/exec/obidos/
ASIN/B00000J87V/qid%3D1020016743/
ref%3Dsr%5F11%5F0%5F1/104-4525358-7043961
    1948 - CBS Evening News began as a 15-minute telecast with Douglas Edwards as anchor. On November 30, 1956, the program became the first to use the new technology of videotape to time delay the broadcast (which originated in New York City) for the western US.  Walter Cronkite succeeded him in 1962 and, on September 2, 1963, the program became the first half-hour weeknight news broadcast of network television and was moved to 6:30 p.m. Eastern time. Eric Sevareid served as commentator. Dan Rather anchored the news casts upon Cronkite's retirement in 1981. At one point, to boost sagging ratings, Connie Chung was added to the newscast as Rather's co-anchor, but she left in 1995 in a well-publicized dispute. Rather remained solo, and as Walter Cronkite would say "...that's the way it is."  Several successors have anchored the “News” since, none with the gravitas of Cronkite.
    1948 - The Supreme Court ruled that covenants prohibiting the sale of real estate to blacks and other minorities were legally unenforceable.
    1952 - Eddie Arcaro became the first and only jockey to win the Kentucky Derby five times: 1938, Lawrin; 1941, Whirlaway; 1945, Hoop Jr; 1948, Citation: 1952, Hill Gail.
    1952 - Historians give credit to Lieutenant Colonel Joseph Otis Fletcher as the first man to set foot on the North Pole as he landed the first airplane flight there, a ski-wheeled Air Force C-47. It took off from Fletcher's Ice Island, about 115 miles from the Pole, carrying 10 Air Force officials and scientists. It 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 on both the North and South Pole.
    1952 - CBS became the first network to televise the Kentucky Derby. Eddie Arcaro rode Hill Gail to a two-length victory over Sub Fleet. Blue Man was third. For Arcaro, it was a record fifth Derby win. Trainer Ben A. Jones won for the sixth time, also a record.
    1955 - Top Hits
Cherry Pink and Apple Blossom White - Perez Prado
The Ballad of Davy Crockett - Tennessee Ernie Ford
Dance with Me Henry (Wallflower) - Georgia Gibbs
In the Jailhouse Now - Webb Pierce
    1956 - "Most Happy Fella," a musical by Frank Loesser, opened at the Imperial Theatre in New York City. The show, an adaptation of "They Knew What They Wanted" by Sidney Howard, ran for 676 performances on Broadway. The original production was partially bankrolled by Lucille Ball and Desi Arnaz. Critics called the show a masterpiece, thanks to the outstanding performances by Robert Weede and Jo Sullivan. Many of the songs made the “Hit Parade.” Frank Loesser's hits included "Standing on the Corner," "I Like Everybody," "Joey, Joey, Joey," "Big Acquaintance" and "Don't Cry."
http://www.frankloesser.com/home.htm
    1960 - The play, "The Fantasticks," opened at the Sullivan Playhouse in New York City. It would later become the longest-running off-Broadway play. "Soon It's Gonna Rain" was one of the big hit tunes from the production. Many high schools make this their musical performance for students to present to their community.
    1963 - Top Hits
“I Will Follow Him” - Little Peggy March
“Can't Get Used to Losing You” - Andy Williams
“Puff the Magic Dragon” - Peter, Paul & Mary
“Lonesome 7-7203” - Hawkshaw Hawkins
    1963 - In Birmingham, Alabama, Police Chief "Bull" Connor orders fire houses and dogs turned on children marching out of the 16th St Baptist Church to keep them from marching out of the "Negro section." This after jailing 900+ yesterday. There was no national radio or television coverage, let alone the internet or cellular telephone pictures or reporting. Imagine if this were to occur today.
    1964 - Gerry & the Pacemakers make their United States TV debut on the "Ed Sullivan Show" and perform "Don't Let the Sun Catch You Crying."
    1968 - New owners Tom Cousins and Carl Sanders announced that the St. Louis Hawks of the NBA would move to Atlanta for the 1968-69 season. The team began as the Tri-Cities Blackhawks (1949-51), moved to Milwaukee and then to St. Louis in 1956.    
    1968 - The Beach Boys open a 17-date tour of the U.S. with a show in New York. The second half of the concert is given over to the Maharishi Mahesh Yogi who lectures on "spiritual regeneration." The audience’s reaction is so negative, more than half of the tour dates are cancelled.
    1968 - Thelonious Monk and Dr. John the Night Tripper at the San Francisco Carousel Ballroom.
    1970 - Ohio Gov. Rhodes vows to "use every weapon" against antiwar protesters at Kent State University. Tomorrow he does.
    1971 - Anti-Vietnam War protesters began four days of demonstrations in Washington, D.C.
    1971 - Top Hits
“Joy to the World” - Three Dog Night
“Put Your Hand in the Hand” - Ocean
“Never Can Say Goodbye” - The Jackson 5
“Empty Arms” - Sonny James
    1975 - Tony Orlando and Dawn's "He Don't Love You (Like I Love You)" hits #1
    1978 - Persistent thunderstorms caused widespread flooding in southeastern Louisiana and extreme southeastern Mississippi. Rainfall totals of ten to thirteen and a half inches were reported around New Orleans causing the worst flooding in thirty years. The water depth reached three to four feet in several hundred homes, and total property damage was estimated at one hundred million dollars
    1979 - Top Hits
“Heart of Glass” - Blondie
“Reunited” - Peaches & Herb
“Stumblin' In” - Suzi Quatro & Chris Norman
“Where Do I Put Her Memory” - Charley Pride
    1980 - Genuine Risk, ridden by Jacinto Vasquez, became just the second filly to win the Kentucky Derby. She posted a one-length victory over Rumbo.
    1987 - Top Hits
“(I Just) Died in Your Arms” - Cutting Crew
“Looking for a New Love” - Jody Watley
“La Isla Bonita” - Madonna
“Don't Go to Strangers” - T. Graham Brown
    1988 - The White House acknowledged that First Lady Nancy Reagan had used astrological advice to help schedule President Ronald Reagan's activities.
    1991 - Andy Williams, 60, marries former hotel concierge Debbie Haas, 36, in New York City.
    1993 - Strong winds buffeted the Owens Valley area and the Eastern Sierra of Southern California. A USGS anemometer on Crowley Lake recorded a wind gust to 140 mph before blowing away. Bishop Airport had a wind gust to 65 mph. One person was killed when he was hit by a flying projectile. Many trees were downed and power outages were widespread.
    1995 - The Neville Brothers, the Dixie Cups, Allen Toussaint and Professor Longhair are inducted into the New Orleans Musical Walk of Fame.
    1995 – David Bell made his Major League debut for the Cleveland Indians, following dad, Buddy, and grandfather Gus.
    1998 - Mariner Dan Wilson hits the first inside-the-park grand slam in the franchise's history.
    1999 - The Dow-Jones Index of 30 major industrial stocks topped the 11,000 mark for the first time.
    2000 - Metallica delivers over 60,000 pages of information to Napster's San Mateo, Calif., offices, listing more than 1.4 million copyright violations of 95 Metallica songs and recordings by 335,435 distinct users.
    2001 - The United States lost its seat on the U.N. Human Rights Commission for the first time since the commission was formed in 1947.
    2010 - United and Continental Airlines announced that the two American companies will merge, creating the world's largest airline.
    2010 - Times Square bombing suspect Faisal Shahzad was apprehended aboard a flight preparing to depart New York for Dubai.
    2014 - Donald Sterling, L.A. Clippers owner, was banned for life and fined $2.5 million after reports of his racist comments.  A new CEO was appointed and other team owners pressured Sterling into selling, which he did… Sterling's wife, Shelly, reached an agreement to sell the Clippers for $2 billion to Steve Ballmer, which Sterling has contested in court. The NBA Board of Governors approved the sale of the Clippers to Ballmer on August 12, 2014.  As of April 2015, half of the $2 billion paid by Ballmer was held in an escrow account controlled by the NBA pending the conclusion of Sterling's lawsuit over the sale of the team.  On April 29, 2014, UCLA had announced that it was rejecting a $3 million gift from Sterling.  Sterling has been diagnosed with prostate cancer and early stages of Alzheimer’s disease.
    2018 – Academy of Motion Pictures Arts and Sciences members voted to expel Bill Cosby and Roman Polanski.
    2020 – Secretary of State Mike Pompeo said China is responsible for the spread and severity of COVID-19 and should be held accountable.