Credit Manager
This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More
Collections Representative
This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.
Please forward to a colleague and ask them to subscribe.
Type in “subscribe” in subject line, email: kitmenkin@leasingnews.org
Position Wanted---Senior Management
Seeking New Opportunities
Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at: http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.
Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.
Senior-level leasing executive accomplished in sales, finance, operations and marketing. Seeking new opportunity to capitalize on my strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that inspire cross-functional teams to enhance corporate performance and shareholder value. Adept negotiator of multi-million dollar lease program agreements and contracts. Driver of increased sales productivity, incremental revenue, operating expense reductions and customer acquisition/retention. reg.lindholm@gmail.com
(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)
SB 197 and California Lender's License
Forum at NAELB November 13 Regional Meeting
At the National Association of Equipment Leasing Brokers 2015 Western Regional Meeting to be held at the Doubletree Hilton, Anaheim, California, November 13-14, a panel of industry experts will feature California Attorney Kenneth Greene, NAELB Legal Counsel Joseph G. Bonanno, CLFP, and longtime NAELB funding source member Steve Crane, CLFP, of BSB Leasing, to guide those in attendance through the nuances and provide discussion of the changes to be licensed for business loans and capital leases.
NAELB notes, "Changes have been made to the California Finance Lenders and Broker licensing requirements. If your transaction touches California in any way and you are a non-bank owned funding source or a broker, the licensing requirements apply to you.
"And if that’s not enough of a reason to attend, the NAELB is offering a special promotion for new members (must be a new member, never having been a member before). Fifty percent of the conference registration fee will be credited towards first year dues!
Opportunity Fund--Major Backer of CA SB 197
"Working Capital for Working People"
by Christopher Menkin
Opportunity Fund, San Jose, California was a major supporter of the new law regarding unlicensed third party originators receiving a referral fee. It is basically designed to allow alternate funders a method of paying a referral fee to third party originators. They believe they will get more business from friends, relatives, vendors, bookkeepers, accountants, and others who know businesses that need money and are having a tough time getting a bank loan, and would like an inducement to refer business to them. All they need to do
is make the referral and they will do the rest. Opportunity Fund started their support of the legislation with a February 12, 2015 blog, calling for supporters to write their legislator and get involved. (1)
As Uber is changing delivery by taxi or transporting of packages, alternate financing appears unregulated and giving much competition to the traditional lending and leasing marketplace.
A successful alternative lending source, here is an article they put
in their blog, which originally appeared in the Federal Reserve Bank of San Francisco in Community Investments, Winter 2014/2015 – Volume 26, Number 3 35:
"For the purposes of this article, we define ‘alternative financing’ as any loan or other financing provided to a small business that is not provided by a bank or credit union. (Although some alternative financing products are loans, others are structured so as not to meet the legal definition of a ‘loan’, which is an important distinction we will discuss later on.) Alternative financing encompasses tremendous variation in business practices including how borrowers apply for the loan; the rates they pay (from prime to upwards of 100 percent APR); how they repay the loans (monthly check or daily pull from checking or merchant account); and where the money comes from (individual investors, hedge funds, institutional investors and banks).
"In general, we have seen two main business models emerge for alternative small business financing companies. The first, which we call the ‘balance sheet model’, follows a more traditional process: a finance company borrows money against its own balance sheet and lends that money out. The model is similar to banks except that these companies are generally unregulated and the loan products offered are non-traditional and often subprime. The second model, which we consider to be the more innovative approach, is the ‘market model.’ This model garnered a lot of attention when it was first known as ‘peer to peer’ or ‘crowd funding,’ but those labels are increasingly inaccurate. In the market model, financing companies act as intermediaries between investors and businesses." (2)
Definitions are very interesting, as well as the last column, Pricing Term (APR):
(2)
It is interesting to note that the article, at the end, recommends:
"1. Price transparency: Lenders should disclose the true cost of financing in terms of APR to allow small business loan applicants to compare financing options. For products such as cash advances with flexible repayment terms, this should include a chart of estimated APRs based on a range of potential repayment periods.
"2. Credit Reporting: It would benefit all parties for small business lenders to report repayment history to one or more major credit bureaus whenever possible. Consistent reporting of repayment is not only essential for individuals to build credit and access more favorable terms over time, but also for lenders to accurately calculate debt obligations."
(Terry retired January 1, 2015. To honor him and his many years of writing for readers of Leasing News, is repeating several of his columns that are still meaningful today. Here is November 13, 2006.)
Purchase Orders
An equipment Lease is a contract between the Lessor and the Lessee for the use of equipment over a defined period of time. A purchase order and a vendor’s invoice is a contract between the vendor and the Lessor for the purchase of the equipment. I am constantly amazed at Lessors who do not understand the importance of a purchase order.
A purchase order should clearly state the terms and conditions under which a Lessor is willing to pay for equipment requested by the Lessee. To begin with, under federal income tax rules, the lessor must pay 100% of the equipment’s hard cost. Therefore, if the lessee made any down payment, or reduced the cost by a trade in, the vendor must return these funds to the lessee and only except a full payment from the lessor. A reimbursement to the lessee of these funds by the lessor will cloud the transfer of ownership and also leave open a sales tax question of a double sale.
A purchase order should contain the following statements:
1. This order is given in reliance on your assurance that lessee has selected the equipment described above and will accept the same on delivery. If lessee does not accept the equipment for any reason what-so-ever, we shall have no obligation here under, and you shall refund to us all sums (including taxes, transportation charges and other charges) paid for or on account of the equipment.
2. Title to the equipment shall pass from you directly to us and shall be free of all liens and encumbrances. You warrant that the equipment will comply with all warranties, agreements and representations made by you to lessee, and you agree that all warranties, agreements and representations made by you (supply contract) to lessee or to us shall be fully enforceable by us and/or by lessee in its own name. You further warrant that you will comply with all federal, state, and local governmental and administrative regulations concerning safety, health, and occupational hazards which may be promulgated from time to time, and you further agree to hold us harmless from any loss you or we may occasion by your failure to so comply.
3. The total of the actual prices, taxes, transportation charges and other charges to be paid by us shall not differ from the total cost specified above. We shall have no obligation hereunder if said charges exceed the "amount" authorized below.
4. You shall deliver the equipment to lessee at the address indicated above. Transportation charges, if any are shown above shall be prepaid and included in your invoice price.
5. Terms of Payments: Thirty (30) days after receipt of your invoice or your invoice date, whichever is later, but in no case before receipt from the lessee of an acceptable delivery and confirmed acceptance agreement.
6. This purchase order requires you to notify us of your date of delivery within twenty-four (24) hours after the lessee takes possession of the Equipment. If this notice is not given to us in the required time frame so that we may file the appropriate notices of ownership or liens, then we shall have no requirement to pay for the equipment. If the Equipment has been delivered and Twenty (20) days has passed from that date then you must assign to us the proper Uniform Commercial Code lien filing in the appropriate jurisdiction or we will have no obligation to pay for the equipment.
7. This purchase order shall and only shall become a binding contract between us upon your written acceptance, or cashing our payment check, as indicated on the original or on a duplicate hereof.
8. No changes or modifications of any kind to this purchase order shall be effective without our prior written approval.
These statements clear the air and set the stage for proper transfer of ownership/title and give the lessor grounds to refuse payment if the conditions are not meet. On rare occasion when substitute equipment changes occur at the last moment without notice to the lessor then grounds for legal action to recover losses from the vendor are possible.
A vendors invoice should always be checked to see that the invoice transfer ownership/title to the lessor upon payment and not to the lessee.
Always put a copy of these documents in your legal folder.
Credit Manager
This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More
Collections Representative
This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More
“Too Much Personal Information”
Career Crossroad---By Emily Fitzpatrick/RII
Q: I have a coworker that thinks I share too much personal information; am I crossing the line?
A: There is a line that can be crossed in divulging too much personal information or discussing “sensitive” topics. Not surprisingly, over sharing can hurt your career - so be cautious. "… If coworkers are aware of your romantic relationships, your parents' quirks, your health/medication issues and even the mileage on your car, you've gone too far …"
Negative Statements about your Employer, Job, or Coworker
Making negative comments will only hurt you, especially online. In our new technologically driven world, these remarks will remain online for all time. Everything you say, write or post can be forwarded to others now AND in the future, including the company President.
Beliefs or Opinions
Sharing your beliefs or personal opinions on topics such as politics, religion, social issues, etc.… is not appropriate - this cannot be emphasized enough. Your ideas or beliefs could affect relationships. Your comments could me so “offensive” that they even could lead to a lawsuit.
Health issues
Disclosing negative health-related issues, conditions or health history to colleagues is not professionally acceptable.* "… Employees are protected from discrimination; however, talk of a health concern can affect an employee's future …”
* There may be situations that will require a discussion with the HR Department (regarding appointments, time off, etc.…), be professional, and follow their lead.
Relationship Issues and Family Troubles
Negative issues regarding family or personal matters have no business being disclosed in a work environment. Others could perceive that you are not serious or capable of moving up the career ladder due to many factors such as your inability to handle stress.
Compensation
Discussing compensation could lead toresentment and rivalry among employees. Though you may be tempted to find out your coworkers’ salary to use in raise negotiations – don’t. Conduct research outside the company.
Only you can decide what to disclose in a professional environment, remember everything said will leave an impression, if you are in doubt, don’t.*
*In some cultures or parts of the world, it is acceptable to share more than in other cultures, not so in most the U.S.
Most Recruiters are bound by confidentiality & will not disclose any information without the permission of the Candidate (this a part of RII’s policies & procedures), as such the Candidate should feel comfortable enough to share with the Recruiter (e.g. health concerns) for any needed advice
The Federal Reserve along with American Bankers Association and Independent Community Bankers of America commended the National Automatized Clearing House Association (NACH), the Electronic Payments Association, same day ACH program. The Fed came down in full support of the program, stating that NACHA’s proposed rule will “facilitate the use of the ACH network for certain time-critical payments, accelerate final settlement, and improve funds availability to payment recipients.” Phase 1 will become effective September 23, 2016.
To determine if same day ACH is right for you, NACHA has implemented an “Originating Depository Financial Institution" check list as well as a “Receiving Depository Financial Institution” check list.
While many mobile payments and bank-to-bank transfers are being offered
by many banks, and mobile payment programs for savings and loans, as well as credit unions, the bottom line for equipment lessors is the Fed’s unanimous positive signal of support will make same day ACH a reality next year, improving cash flow for equipment lessors.
Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.
Tom McCurnin Barton, Klugman & Oetting 350 South Grand Ave. Suite 2200 Los Angeles, CA 90071 Direct Phone: (213) 617-6129 Cell (213) 268-8291 Email: tmccurnin@bkolaw.com Visit our web site at www.bkolaw.com Previous Tom McCurnin Articles: http://www.leasingnews.org
"I am a neutered male, tan and white German Shepherd Dog.
"Shelter staff thinks I am about 2 years and 2 months old.
"I have been at the shelter since Sep 28, 2015."
For more information about this animal, call:
Humane Society of Missouri - St Louis City at (314) 951-1562
Ask for information about animal ID number A602203
Humane Society of Missouri
1201 Macklind Avenue
St. Louis, Missouri
Appraisals: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.
Call Chris @ 508-785-1277.
Email:
chris@dovermanagementgroup.com
Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround.
Visit
nationalequipmentappraisal.com or
call 714-282-1525.
Accounting: Dallas, TX
Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available.
E-mail: mattm@osgsolutions.com
Accounting: National Property Tax Compliance Services to the leasing industry. Over 80 years experience and 70 Lessors as clients. References and free quotes available 440.871.0555
E-mail gary@avptc.com
Aircraft Delivery: Seattle, WA Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey operation.
globalaircraftdelivery.com
E-mail:
info@globalaircraftdelivery.com
Asset/Recovery & Collections: Charlotte, NC
IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or
E-mail to Robert@mbsfinancial.com
Nationwide Seasoned anfair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals. Call Nassau Asset Management800-462-7728dcastagna@nasset.com
Asset/Recovery: NorthWest
Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact rossr@sequentam.com
Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing cell # 586-909-8797bob@nsleasing.com
Appraisals/Asset Recovery
Melville, New York
Auctions, Appraisals, National Repossessions. ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna 516-229-1968ecastagna@inplaceauction.com
Appraisals/Inspections – Construction & Mining Heavy Equipment, Transport, Agriculture and Manufacturing. We provide Certified Appraisal Reports, (USPAP Compliant), Inventory Inspections, Collateral Valuation, VIN and Serial Number Verification with Detailed Photos, Lessee and Vendor Site Inspections including Customized Inspections. In a Hurry? Try our Kwik-Kwote
Emailwww.MobileEquipAppraisals.com
Receivables Management LLC
John Kenny
• End of Lease Negotiations & Enforcement
• Third-Party Commercial Collections
It all started
when Pedro threw a no-hitter on Opening Day.
Nomar backed him up
with a triple play deep in the hole
and Manny Ramirez smashed
the first of 90 home runs.
Suddenly things got brighter.
Flowers sprang whole from the earth
and the cod swarmed to George's Bank.
The war ended. U.S. Marines
danced in the streets with handsome Fedayeen.
(Jerry Falwell married them off
while the Pope and the imams cheered.)
Israel and Palestine agreed
to share everything: beds, cities, streets,
temples and mosques,
falafel and coffee and tea.
Air pollution stopped
along with global warming and gum disease.
The Sox won it all of course,
beating the Yankees in three
and the Yankees in four
and the Yankees in five
(they lost one just to keep the Series alive).
Mia Hamm hit a grand slam
to put it away in the ninth.
Boston exploded with joy.
Babe Ruth signed the game-winning ball
and nobody sold it on E-bay.
That's how it all started.
At least, that's what I recall
1675 – Plymouth Colony governor Josiah Winslow led a colonial militia against the Narragansett Indians during King Philip’s War. This was an armed conflict between Native Americans of present-day New England and English colonists and their Native American allies in 1675–78. The war is named for the main leader of the Native American side, Metacomet, who had adopted the English name "King Philip" in honor of the previously-friendly relations between his father and the original Mayflower Pilgrims.
1734 - Birthday of Daniel Boone (Boon) (d. 1820) at Berks County, near Reading, PA. American frontiersman, explorer and militia officer, he is credited with the exploration and growth of Kentucky, working for the Pennsylvania Company. In February 1778, he was captured at Blue Licks, KY, by Shawnee Indians, under Chief Blackfish, who adopted Boone when he was inducted into the tribe as “Big Turtle.” Boone escaped after five months, and, in 1781, was captured briefly by the British. Despite Walt Disney’s version, he had no legal title to the lands he explored and he retired to Missouri. He experienced a series of personal and financial disasters during his life, but continued a rugged existence, hunting until his 80s. The bodies of Daniel Boone and his wife, Rebecca, were moved to Frankfort, KY, in 1845. What made him popular in history was his autobiography: “ The Adventures of Colonel Daniel Boon (that’s the way he spelled his name,) formerly a hunter, containing a narrative of the Wars of Kentucky.” http://www.americanwest.com/pages/boone.htm http://earlyamerica.com/lives/boone/
1776 - William Demont (or Dement), traitor to the American cause during the Revolutionary War, deserted and notified the British of the position of Fort Washington (now the Washington Heights neighborhood in New York City). He enabled the British general Sir William Howe to conquer the fort with a force of 8,900 men on November 16, 1776. They captured 2,818 American officers and men, 43 guns, and 2,800 muskets. Demont was a member of the 5th Pennsylvania Battalion, who was appointed adjutant in Colonel Robert Magraw’s battalion on February 29, 1776. http://www.geocities.com/nhfortress/Fort_Washington/history.html http://theamericanrevolution.org/battles/bat_fwas.asp http://www.thebattlefornewyork.com/walking_tour.php
1783—By the end of the American Revolution War, some 100,000 Loyalists had fled the U.S. Also known as Tories, they had suffered various penalties for their loyalty to the Crown, including confiscation of property, removal from public office, and punitive taxation. Probably no more than 10% of the colonials were Tories, who were generally well-to-do, engaged in commerce or the professions, or public officials. Many fled to Canada, some to England. Some returned after the war. Many, however, had remained behind. After the conflict many were able to recover at least some of their confiscated property. Many of those who had fought alongside with the British were granted land in Canada.
1783 - Gen. George Washington issued his "Farewell Address to the Army" near Princeton, N.J. 1795 - Birthday of James Knox Polk (d. 1849), the 11th president of the US, born at Mecklenburg County, NC. His term of office: Mar 4, 1845—Mar 3, 1849. A compromise candidate at the 1844 Democratic Party convention, Polk was awarded the nomination on the ninth ballot. He declined to be a candidate for a second term and declared himself to be “exceedingly relieved” at the completion of his presidency. He died shortly after leaving office.
1810 - A 7 inch snowfall in New York City permitted very early sleighing in the city streets.
1820 - The Revenue cutter Louisiana captured five pirate vessels during a cruise from Florida to Cuba.
1824 - The first popular vote in a presidential election took place when 356,038 votes were cast for four candidates. This was also the first election in which the final decision was made by the House of Representatives because none of the candidates won a majority of electoral votes. Although Andrew Jackson received a greater share of both the popular and the electoral vote than the runner-up, John Quincy Adams, a deal was struck to give Adams the electoral votes of Henry Clay, another candidate. Adams thereby acquired enough votes to be declared the winner.
1846 - Donner Party crossing the Sierra stopped for the evening and were trapped by a snowstorm. Many of the party survived by eating the flesh of the dead. 40 of the 87 people in the Donner party died. They remained snowbound until February.
1852 - Franklin Pierce was elected President over Gen. Winfield Scott, who ran as a Whig. In 1852, the U.S. Congress passed a resolution giving Scott the pay and rank of a lieutenant general. Scott was the first to hold this rank since George Washington.
1861 – Captain Nathaniel Gordon becomes became the only person in U.S. history to be executed for slave-trading. He was also considered a pirate. http://www.correctionhistory.org/html/chronicl/tombs/gordon/
whytombs1.htm http://blackhistory.harpweek.com/7Illustrations/Slavery/
ExecutionOfSlavetrader.htm
1861 - Controversial Union General John C. Fremont is relieved of command in the Western Department and replaced by David Hunter. Fremont’s actions in Missouri fueled secessionist spirit and alienated many Northerners who were unwilling to wage a war to end slavery. Lincoln requested privately that Fremont rescind the order, but he refused. Lincoln had no choice but to negate the order of emancipation and remove Fremont from command in the west. Fremont still had many supporters, so Lincoln placed him in charge of a small army in Virginia. Some Republican allies urged Fremont to challenge Lincoln for the 1864 presidential nomination, but Fremont declined. After the war, he served as territorial governor of Arizona and died in New York in 1890.
1862 - Mary Todd Lincoln corresponded with her husband advising him of popular sentiment against cautious General in Chief of the Federal Army George B. McClellan. Contrary to popular belief, Mrs. Lincoln was a close confidante and the love of Lincoln’s life. He was to let McClellan go in favor of U.S. Grant, which also led to McClellan running as the Democratic opponent against him for President.
(Lower half: http://memory.loc.gov/ammem/today/nov02.html )
1865 - Birthday of Warren Gamaliel Harding (d. 1923) at Corsica, OH. Twenty-ninth President of the US, his term of office: Mar 4, 1921 - Aug 2, 1923 (died in office). His undistinguished administration was tainted by the Teapot Dome scandal, and his sudden death while on a western speaking tour in San Francisco, CA prompted many rumors. He was a well-known womanizer of his time, and his election was right after women were given the right to vote. The saying in Washington, DC, “We gave the women the right to vote and they picked handsome Warren G”. He was said to bring women into the White House, on trips, and died of heart attack as his wife was treating him for exhaustion with an electronic device they purchased in San Francisco.
1880 - James A. Garfield was elected 20th president. During the Civil War, Garfield was a commander at the bloody fight at Chickamauga. The election was close, with Republican Garfield getting 48.27% to Democrat Winfield Hancock‘s 48.25% and a difference of less than 2,000 votes. Garfield was shot by a disgruntled office seeker four months into his presidency. Guiteau deemed his contribution to Garfield's victory sufficient to justify the position of consul in Paris, despite the fact he spoke no French, nor any foreign language. White House officials referred him to Sec of State Blaine, as the consulship was within the Department of State. Guiteau pressed his claim, and Blaine told him he would not receive the position. Guiteau concealed himself by the ladies' waiting room at Baltimore’s 6th St Station from where Garfield was scheduled to depart. Most of Garfield's cabinet planned to accompany him at least part of the way; Blaine, who was to remain in Washington, came to the station to see him off. The two men were deep in conversation and did not notice Guiteau before he took out his revolver and shot Garfield twice, once in the back and once in the arm. Although he would show signs of recovery, he finally died on Sept 18 at the New Jersey seaside home to which he was brought to convalesce. Giteau was convicted and executed on June 30, 1882.
1881 – The American Association was formed as a major league in professional baseball. The members are the Brooklyn Atlantics, Cincinnati Red Stockings, Louisville Colonels, Philadelphia Athletics, Pittsburgh Alleghenys, and St. Louis Brown Stockings. Brooklyn was replaced by the Baltimore Orioles before the start of the first season.
1889 - North Dakota and South Dakota were admitted into the Union as the 39th and 40th states, the first time that two states simultaneously became a part of the United States. President Benjamin Harrison had a problem with admitting the two states on the same day. Which one would be first? He decided it was easier to mix up the admissions papers so no one would know and just list the states alphabetically. That’s why North Dakota is the 39th and South Dakota is the 40th of the United States of America. The Dakotas took their name from the Sioux Indian word for ’ally’, although the settlers and the Sioux weren’t always allies (Battle of Wounded Knee). Those searching for a route to the Pacific Ocean settled in South Dakota, Ft. Pierre being the first permanent white settlement. Pierre remains the capital of South Dakota. Bismarck is the capital of North Dakota. Both states are still essentially rural and agricultural. The western meadowlark and the ring-necked pheasant, the North and South Dakota state birds, respectively, still fly over the vast meadowlands. North Dakota’s flower is the wild prairie rose, while the pasque flower holds that title in South Dakota. North Dakota, home of several major air bases and intercontinental ballistic missile sites, is known as the Peace Garden State, while its more southern counterpart is called the Coyote State. http://memory.loc.gov/ammem/today/nov02.html
1895 – Years before Henry Ford’s cars began being manufactured, the first gasoline-powered race in the United States took place with first prize of $2,000.
1898 - University of Minnesota student Johnny Campbell directed a crowd in cheering "Rah, Rah, Rah! Ski-u-mah, Hoo-Rah! Hoo-Rah! Varsity! Varsity! Varsity, Minn-e-So-Tah!", making Campbell the very first cheerleader and November 2, 1898 the official birth date of organized cheerleading. Soon after, the University of Minnesota organized a "yell leader" squad of six male students, who still use Campbell's original cheer today. In 1903 the first cheerleading fraternity, Gamma Sigma, was founded.
1902 - San Francisco’s China Town was amazed to see an 18-year-old petite girl give a rousing oration against the foot binding of women, their arranged marriages and forced illiteracy. Sien King King became a member of the Chinese bachelor society and continued her battle for feminism. She believed the repressive actions against women prevented the Chinese from advancing in the U.S. (and the world).
1908 - Trumpet player Bunny Berigan (d. 1942) birthday, born Roland Bernard Berigan, Hilbert, WI. http://user.tninet.se/~npt755v/bundisc.htm
1911 - Birthday of Johnny Richards (d. 1968) in Toluca, Mexico, jazz composer-arranger.
1913 – Burt Lancaster (d. 1994) was born in Manhattan. Lancaster was nominated four times for Academy Awards and won once for “Elmer Gantry” in 1960. He also won a Golden Globe for that performance and BAFTA Awards for “The Birdman of Alcatraz” (1962) and “Atlantic City” (1980). His production company was the most successful and innovative of star-driven independent production companies in Hollywood in the 1950s, making movies such as “Marty” (1955), “Trapeze” (1956), “Sweet Smell of Success” (1957), and “Separate Tables” (1958). In 1999, the AFI named Lancaster 19th among the greatest male stars of classic Hollywood cinema.
1917 - The Balfour Declaration proclaimed British support for the "establishment in Palestine of a national home for the Jewish people" with the clear understanding "that nothing shall be done which may prejudice the civil and religious rights of existing non-Jewish communities".
1914 – Johnny Vander Meer (d. 1997) was born in Prospect Park, NJ. He is the only pitcher in Major League history to throw consecutive no-hitters, blanking the Boston Bees and Brooklyn Dodgers in June, 1938.
1920 - Warren G. Harding was elected 29th president. He defeated James Cox. The electoral vote was Harding, 404; Cox, 127. The popular vote was Harding, 16,152,200; Cox, 9,147,353. The election campaign was primarily a referendum on the Wilson presidency and the League of Nations. Cox supported it fully, while Harding did not make his position clear. Harding supported prohibition and Cox opposed it. Cox ran a vigorous campaign, while Harding ran a mostly a front porch campaign. Cox's efforts and that of his hard campaigning Vice Presidential candidate had little effect. Ultimately, the weariness of the nation determined the election in favor of Harding, who obtained an overwhelming victory. The Republicans increased their majorities in both houses, leasing 59-37 in the Senate and 301-131, with one minor party seat and two vacancies, in the House.
1920 – KDKA, Pittsburgh, PA started broadcasting as the first commercial radio station. The first broadcast is the result of the Presidential election of 1920.
1923 - Birthday William Robert (Billy) Haughton (d. 1986), standard bred driver and trainer, at Gloversville, NY. Haughton won nearly 4,900 races in his career. Along with Stanley Dancer, he dominated the New York trotting scene in the 1950s and then moved on to a national career. He suffered severe head injuries in a three-horse accident at Yonkers Raceway and died at Valhalla, NY, July 15, 1986.
1926 - The first Senate election in which neither candidate was seated after a recount was the election in Pennsylvania. William Bauchop Wilson, a Democrat, was narrowly defeated by William Scott Vare, a Republican who presented his credentials as senator-elect for the term beginning March 4, 1927. The Senate, on December 6, 1929, decided by a vote of 58-22 that Vare was not entitled to the seat due to charges of corruption and fraud concerning his election. Governor John Stuchell Fisher, appointed Joseph Ridway Grunday, a Republican, to the vacant seat. Grundy served from December 11, 1929 to December 1, 1930. He was unsuccessful for the nomination of this office after being accused of contributing $400,000 to the former incumbent Senator Pepper, who had been defeated by Vare. http://bioguide.congress.gov/scripts/biodisplay.pl?index=V000071 http://www.blossburg.org/wb_wilson/thestory_7.htm http://bioguide.congress.gov/scripts/biodisplay.pl?index=G000510
1929 – Amar Bose (d. 2013) was born in Philadelphia. An electrical and sound engineer, he was a professor at MIT for over 45 years. He was also the founder and chairman of Bose Corporation. In 2011, he donated a majority of the company to MIT in the form of non-voting shares to sustain and advance MIT’s education and research mission.
1931 - Birthday of alto saxophonist Phil Woods (d. 2015), Springfield, MA.
1936 - The Basie Band splits for Kansas City for points East and Worldwide fame. "Goin' to Chicago, Sorry I Can't Take You." Little Jimmy Rushing.
1938 – Jay Black, lead singer of Jay and the Americans, was born David Blatt in New York City, growing up in Borough Park, Brooklyn. He was the second, and more widely known Jay to lead the group, the first being Jay Trainor.
1938 – Hall of Famer Jimmie Foxx won his third AL MVP.
1942 - Birthday of Shere Hite, author and researcher. Her best known work, “The Hite Report”, one of the pioneer works on the realities of women's sexuality.
1942 - WILKINS, RAYMOND H., (Air Mission) Medal of Honor
Rank and organization: Major, U.S. Army Air Corps. Place and date: Near Rabaul, New Britain, 2 November 1943. Entered service at: Portsmouth, Va. Born: 28 September 1917, Portsmouth, Va. G.O. No.: 23, 24 March 1944. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy near Rabaul, New Britain, on 2 November 1943. Leading his squadron in an attack on shipping in Simpson Harbor, during which intense antiaircraft fire was expected; Maj. Wilkins briefed his squadron so that his airplane would be in the position of greatest risk. His squadron was the last of 3 in the group to enter the target area. Smoke from bombs dropped by preceding aircraft necessitated a last-second revision of tactics on his part, which still enabled his squadron to strike vital shipping targets, but forced it to approach through concentrated fire, and increased the danger of Maj. Wilkins' left flank position. His airplane was hit almost immediately, the right wing damaged, and control rendered extremely difficult. Although he could have withdrawn, he held fast and led his squadron into the attack. He strafed a group of small harbor vessels, and then, at low level, attacked an enemy destroyer. His 1,000 pound bomb struck squarely amidships, causing the vessel to explode. Although antiaircraft fire from this vessel had seriously damaged his left vertical stabilizer, he refused to deviate from the course. From below-masthead height he attacked a transport of some 9,000 tons, scoring a hit which engulfed the ship in flames. Bombs expended, he began to withdraw his squadron. A heavy cruiser barred the path. Unhesitatingly, to neutralize the cruiser s guns and attract its fire, he went in for a strafing run. His damaged stabilizer was completely shot off. To avoid swerving into his wing planes he had to turn so as to expose the belly and full wing surfaces of his plane to the enemy fire; it caught and crumpled his left wing. Now past control, the bomber crashed into the sea. In the fierce engagement Maj. Wilkins destroyed 2 enemy vessels, and his heroic self-sacrifice made possible the safe withdrawal of the remaining planes of his squadron.
1944 - During the day, the US 8th Air Force attacks the Leuna synthetic oil plant at Merseburg. The Americans claim 183 German fighters (including 4 jets) destroyed for the loss of 40 bombers and 28 fighters (including losses to antiaircraft defenses). During the night, Bomber Command attacks Dusseldorf with 992 bombers as well as sending smaller forces to strike other targets. A total of 20 planes are reported lost in all operations.
1944 - BOLTON, CECIL H., Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, Company E, 413th Infantry, 104th Infantry Division. Place and date: Mark River, Holland, 2 November 1944. Entered service at: Huntsville, Ala. Birth: Crawfordsville, Fla. G.O. No.: 74, 1 September 1945. Citation: As leader of the weapons platoon of Company E, 413th Infantry, on the night of 2 November 1944, he fought gallantly in a pitched battle which followed the crossing of the Mark River in Holland. When 2 machineguns pinned down his company, he tried to eliminate, with mortar fire, their grazing fire which was inflicting serious casualties and preventing the company's advance from an area rocked by artillery shelling. In the moonlight it was impossible for him to locate accurately the enemy's camouflaged positions; but he continued to direct fire until wounded severely in the legs and rendered unconscious by a German shell. When he recovered consciousness he instructed his unit and then crawled to the forward rifle platoon positions. Taking a two-man bazooka team on his voluntary mission, he advanced chest deep in chilling water along a canal toward 1 enemy machinegun. While the bazooka team covered him, he approached alone to within 15 yards of the hostile emplacement in a house. He charged the remaining distance and killed the 2 gunners with hand grenades. Returning to his men he led them through intense fire over open ground to assault the second German machinegun. An enemy sniper who tried to block the way was dispatched, and the trio pressed on. When discovered by the machinegun crew and subjected to direct fire, 1st Lt. Bolton killed 1 of the 3 gunners with carbine fire, and his 2 comrades shot the others. Continuing to disregard his wounds, he led the bazooka team toward an 88-mm. artillery piece which was having telling effect on the American ranks, and approached once more through icy canal water until he could dimly make out the gun's silhouette. Under his fire direction, the two soldiers knocked out the enemy weapon with rockets. On the way back to his own lines he was again wounded. To prevent his men being longer subjected to deadly fire, he refused aid and ordered them back to safety, painfully crawling after them until he reached his lines, where he collapsed. 1st Lt. Bolton's heroic assaults in the face of vicious fire, his inspiring leadership, and continued aggressiveness even through suffering from serious wounds, contributed in large measure to overcoming strong enemy resistance and made it possible for his battalion to reach its objective.
1946 - A three day snowstorm began at Denver, CO. By the time it ended had dropped 31 inches of snow on the city, the second greatest snowfall ever.
1947 - The mammoth flying boat Hercules, then the world’s largest airplane, was designed, built and flown (once) by Howard Hughes. Its first and only flight was about one mile and at an altitude of 70 feet over Long Beach Harbor, CA. The $25 million, 200-ton plywood craft was nicknamed the “Spruce Goose.” It is now displayed near the Queen Mary at Long Beach, CA.
1948 - When Harry S Truman went to bed, he was losing the election for President to Thomas E. Dewey. "Chicago Daily Tribune" printers were out on strike and getting the newspaper to readers was no simple task. To make a long story short, the editors had to guess at the outcome of the election and picked/printed the wrong person to win. Upon arising the next morning, Truman learned he had won. On a short train stop in St. Louis, he stepped onto the back platform of the train and was presented with one of the newspapers with the infamous headline, “DEWEY DEFEATS TRUMAN”. It was at that moment that the famous photo of Truman holding up the paper was taken. When asked to comment, Truman said “This is for the books.”
1949 - Top Hits
“That Lucky Old Sun” - Frankie Laine
“You’re Breaking My Heart’ - Vic Damone
“I Can Dream, Can’t I?” - The Tommy Dorsey Orchestra (vocal: Jack Leonard)
“Slipping Around” - Margaret Whiting & Jimmy Wakely
1950 - VAN WINKLE, ARCHIE, Medal of Honor
Rank and organization: Staff Sergeant, U.S. Marine Corps Reserve, Company B, 1st Battalion, 7th Marines, 1st Marine Division (Rein.). Place and date: Vicinity of Sudong, Korea, 2 November 1950. Entered service at: Arlington, Wash. Born: 17 March 1925, Juneau, Alaska. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a platoon sergeant in Company B, in action against enemy aggressor forces. Immediately rallying the men in his area after a fanatical and numerically superior enemy force penetrated the center of the line under cover of darkness and pinned down the platoon with a devastating barrage of deadly automatic weapons and grenade fire, S/Sgt. Van Winkle boldly spearheaded a determined attack through withering fire against hostile frontal positions and, though he and all the others who charged with him were wounded, succeeded in enabling his platoon to gain the fire superiority and the opportunity to reorganize. Realizing that the left flank squad was isolated from the rest of the unit, he rushed through 40 yards of fierce enemy fire to reunite his troops despite an elbow wound which rendered 1 of his arms totally useless. Severely wounded a second time when a direct hit in the chest from a hostile hand grenade caused serious and painful wounds, he staunchly refused evacuation and continued to shout orders and words of encouragement to his depleted and battered platoon. Finally carried from his position unconscious from shock and from loss of blood, S/Sgt. Van Winkle served to inspire all who observed him to heroic efforts in successfully repulsing the enemy attack. His superb leadership, valiant fighting spirit, and unfaltering devotion to duty in the face of heavy odds reflect the highest credit upon himself and the U.S. Naval Service.
1954 - The first US Senator elected by a write-in vote was James Strom Thurmond, Democrat of South Carolina. For the term ending January 3, 1961, Thurmond received 139,106 votes, defeating Edgar Brown, the official candidate of the Democratic Party, who received 80,956 votes. Thurmond represented South Carolina in the Senate from 1954 until 2003, at first as a Democrat and, after 1964, as a Republican.
1955 - Julie London's first pop song, a sultry version of "Cry Me a River," made its appearance on the charts. The song spent 5 months on the charts, but only reached #9 at its peak. Julie is the former wife of Dragnet’s Jack Webb and songwriter/ trumpeter Bobby Troup.
1955 - Tennessee Ernie Ford's "Sixteen Tons" first appears on the charts. It will become one of the biggest selling singles of its time.
1956 - A riot breaks out at Fats Domino's show in Fayetteville, NC, with police resorting to tear gas to break up the unruly crowd. Fats jumps out of a window to avoid the melee; he and two other band members are slightly injured.
1957 - Top Hits
“Jailhouse Rock” - Elvis Presley
“You Send Me” - Sam Cooke
“Silhouettes” - The Rays
“Wake Up Little Susie” - The Everly Brothers
1958 - The Chicago Bears and the Los Angeles Rams set an NFL single-game attendance record as 90,833 fans watched the Rams beat the Bears, 41-35, at the Los Angeles Coliseum.
1958 - "Billboard" magazine introduced a new chart ranking top singles, in order, from number 1 to 100. Before this invention, only 30 records were on weekly hit lists.
1959 - Charles Van Doren, when questioned about winning $129,000 on a television quiz show, told a congressional investigation committee that he was given the answers in advance by program staff members. His testimony was the most dramatic to date in the ongoing investigation of quiz show scandals. Van Doren had been a low-salaried college assistant professor who appeared on the show “Twenty- One”. It was revealed that rigging was prevalent on many television quiz shows during the early 1950s in order to boost viewer ship. Van Doren benefited from the rigging not only by receiving the huge amount of money, but by later earning a regular spot on the “Today” television show.
1960 – Publishing company Penguin Books was found not guilty of obscenity in the trial R v Penguin Books Ltd., the “Lady Chatterley’s Lover” case. Sales of the controversial novel took off.
1961 - The temperature at Atlanta, GA, reached 84 degrees to establish a record for November.
1962 - The missile bases in Cuba were being dismantled, President Kennedy reported to the nation, adding that “progress is now being made toward restoration of peace in the Caribbean.”
1962 - Elvis Presley film “Girls! Girls! Girls!'' premieres.
1963 - Following the overthrow of his government by South Vietnamese military forces the day before, President Ngo Dinh Diem and his brother are captured and killed by a group of soldiers. The deaths of Diem caused celebration among many people in South Vietnam, but also lead to political chaos in the nation. Diem was perceived as an impediment to the accomplishment of U.S. goals in Southeast Asia. His increasingly dictatorial rule only succeeded in alienating most of the South Vietnamese people, and his brutal repression of protests led by Buddhist monks during the summer of 1963 convinced many American officials that the time had come for Diem to go. Three weeks later, an assassin shot President Kennedy. By then, the United States was more heavily involved in the South Vietnamese quagmire than ever.
1963 - The Beach Boys' "Be True To Your School" is released.
1963 - Dion angrily walked off the set of the British ITV television program “Ready Steady Go!” in the middle of performing his hit "Donna the Prima Donna", claiming the go-go dancers surrounding him during the song were distracting.
1963 - Reviewing the Beatles' concert the night before in Cheltenham, England, the British paper Daily Mirror uses the headline "Beatlemania!" effectively inserting the phrase into the popular consciousness for the first time.
1964 – CBS became the first corporate owner of a Major League team, buying 80% of the New York Yankees for $11,200,000. They would proceed to oversee the most inept period of Yankees history, and sold the team in 1973 to a syndicate headed by George Steinbrenner for under $10 million. Under CBS ownership, the Yankees never made the post season and only once finished as high as fourth in a season.
1965 - Top Hits
“Yesterday” - The Beatles
“A Lover’s Concerto” - The Toys
“Get Off of My Cloud” - The Rolling Stones
“Hello Vietnam” - Johnny Wright
1965 – Norman Morrison, a 31-year-old Quaker, set himself afire in front of the river entrance to the Pentagon to protest the use of napalm in the Vietnam War.
1966 - The Cuban Adjustment Act allowed 123,000 Cubans the opportunity to apply for permanent residence in the United States.
1967 - President Johnson and "The Wise Men" concluded that the American people should be given more optimistic reports on the progress of the war, regardless of reality. When this ruse was unmasked in 1968 by Walter Cronkite, after his visit to Viet Nam to report on the Tet Offensive, President Johnson was said to have uttered these famous words, “If I’ve lost Cronkite, I’ve lost Middle America.” It was not long thereafter that Johnson decided not to run for re-election.
1968 - Another Stevie Wonder hit went on sale, "For Once in My Life" would reach #2 on the pop charts on December 28, 1968.
1968 - Cream is presented with a platinum album for “Wheels of Fire” at the Madison Square Garden stop of their farewell tour.
1969 - The Rolling Stones quasi-documentary “Sympathy for the Devil”, directed by Jean-Luc Godard, premieres in San Francisco.
1971 - No. 1 Billboard Pop Hit: “Gypsys, Tramps & Thieves,'' Cher.
1973 - Top Hits
“Midnight Train to Georgia” - Gladys Knight & The Pips
“Keep on Truckin’” - Eddie Kendricks
“Paper Roses” - Marie Osmond
“We’re Gonna Hold On” - George Jones & Tammy Wynette
1974 - "The Way We Were" by Barbra Streisand topped the charts and stayed there for 3 weeks.
1974 - Three Dog Night's next to last chart record, "Play Something Sweet" enters The Hot 100 where it will peak at number 33. August of 1975 would see the end of their eight years as hit makers when "Til the World Ends" would reach number 32.
1974 - Even though he was the one who was the most opposed to touring in the final years of The Beatles, George Harrison became the first to set out on a solo tour when he appeared in Vancouver, Canada with Billy Preston. It will be a troublesome show for him as his voice is ravaged after LP sessions and tour rehearsals. The concert and the rest of the tour played in front of thin crowds.
1976 - James Earl “Jimmy” Carter, Jr., was elected President of the United States. Walter F. Mondale was elected Vice President. The electoral vote was Carter 297; Pres. Ford, 240. The popular vote was Carter, 40,828,929, Ford, 39,148,940. In congressional elections, the Democrats kept a 2-1 Senate majority, 61-38, with one seat going to an independent, and House majority of 292-143.
1981 - Top Hits
“Arthur’s Theme” (“Best That You Can Do”) - Christopher Cross
“Start Me Up” - The Rolling Stones
“Private Eyes” - Daryl Hall & John Oates
“Never Been So Loved” (“In All My Life”) - Charley Pride
1983 - President Ronald Reagan signs a bill establishing Martin Luther King, Jr., Day.
1984 - After a judge rules that he shot in self-defense, The Reverend Marvin Gay Sr. is given only five years’ probation for killing his son, Marvin Gaye. (Marvin added an "e" to his stage name) Ironically, it was Marvin Jr. who had given his father the .38 revolver used in the killing.
1985 – With his new single, "Part-Time Lover," topping the charts, Stevie Wonder becomes the artist with the longest period between Number Ones: 22 years. This song also sets a record by going to #1 on five different Billboard charts. Winning this spot makes Wonder the first artist to have a single on five different Billboard charts: the Hot 100, Hot Black Singles, Hot Adult Contemporary, Hot Dance/Disco Club Play and Hot Dance/Disco 12-inch Singles.
1985 - For the second time in television history, a soundtrack LP from a television show topped the album charts. "Miami Vice", with a title track by Jan Hammer, spent 11 nonconsecutive weeks at #1. The only other television soundtrack to hit #1 was Henry Mancini’s "Peter Gunn" in 1959.
1985 - "I Want to Know What Love Is" by Foreigner topped the charts and stayed there for 2 weeks.
1989 - Top Hits
“Miss You Much” - Janet Jackson
“Sowing the Seeds of Love” - Tears For Fears
“Listen to Your Heart” - Roxette
“High Cotton” – Alabama
1989 - Squalls in the Upper Great Lakes Region the first three days of the month buried Ironwood, MI under 46 inches of snow, and produced 40 inches at Hurley, WI. Arctic cold invaded the Southern Plains Region. Midland, TX reported a record low of 22 degrees.
1991 - Karyn White’s "Romantic" hit #1 for one week on the "Billboard Hot 100" chart.
1993 - Christine Todd Whitman was elected the first woman governor of New Jersey.
1994 - Top Hits
“I'll Make Love To You”- Boyz II Men
“All I Want to Do”- Sheryl Crow
“Secret”- Madonna
“Another Night”- Real McCoy
1995 - The immensely popular Seinfeld episode, "The Soup Nazi", first aired on NBC.
1995 - The TV music show “Soul Train” celebrates 25 years on the air with appearances by Al Green, Bill Withers, Diana Ross and Patti LaBelle.
1997 - Denver QB John Elway accounted for 276 total yards in a 30-27 victory over the Seattle Seahawks, bringing his career total to 50,273 yards. He was the third player in NFL history -- after Dan Marino and Fran Tarkenton -- to reach the 50,000 plateau.
1999 - Top Hits
“Smooth” - Santana Featuring Rob Thomas
“Satisfy You” - Puff Daddy Featuring R. Kelly
“Heartbreaker” - Mariah Carey Featuring Jay-Z
“Mambo No. 5” (“A Little Bit Of...”) - Lou Bega
1999 - NBA.com TV, a 24-hour TV network, was launched by the National Basketball Association. Commissioner David J. Stern said, “NBA.com TV represents the convergence of the Internet, television and basketball. By combining the immediacy and depth of information from NBA.com with current and historical television programming from the NBA, NBA.com TV will offer our fans complete, round-the-clock coverage of the league."
2000 - Wrigley Field has been granted preliminary landmark status by the Commission on Chicago Landmarks. Any plans to refurbish or tear down Cubs' home since 1916 will have to be reviewed by this panel.
2000 - www.classicbands.com goes online, publishing in both official languages: Rock and Roll.
2003 - Top Hits
“Baby Boy” – Beyonce, Featuring Sean Paul
“Stand Up” – Ludacris, Featuring Shawnna
“Holidae In” – Chingy, Featuring Ludacris & Snoop Dogg
“Get Low” - Lil Jon & The East Side Boyz, Featuring Ying Yang Twins
2006 - Justin Timberlake and Gnarls Barkley each win several trophies at the 13th annual MTV Europe Music Awards, held in Copenhagen. Timberlake, who also serves as host and performer at the event, wins for best male and best pop. Gnarls Barkley wins best song for their international smash "Crazy."
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?