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

kitmenkin@leasingnews.org
   

Monday, October 22, 2018


Today's Leasing News Headlines

More on Major Leasing Company Firing CEO
    for Alleged Sexual Abuse
Position Wanted – Credit
    Work Remotely or Relocate Cross-Border or International
Leasing News Top Stories
  October 15 - October 19
2018 ELFA Annual Convention – Over 1,000 Strong
 Report from Bruce Kropschot and David Wiener, the Alta Group
Financing Equipment Bundled with Software and
 Services Held Not to Create a True Lease in Bankruptcy
   By Tom McCurnin, Leasing News Legal Editor
Leasing Industry Ads---Help Wanted
  Sales Positions/Credit Analyst
Global Warming Opens Arctic Passage for Container Ships
 Northern and southern sea routes between Europe and East Asia
CLFP Academy for Lease & Finance Professionals
   Three: Scottsdale, Arizona Federal Way, Washington, Chicago
IRS: Several Tax Law Changes
  "may affect bottom line of many business owners"
Mutt (looks like Labrador Retriever)
  Phoenix, Arizona  Adopt-a-Dog
DeBanked Connect -  Miami
   Join the Industry   January 24, 2018
News Briefs---
Mortgage lenders cut jobs as Fed rate hikes hit home sales
  "Industry going to be a whole lot smaller unless rates reverse course"
JPMorgan Chase plans ‘FinTech’ site in Silicon Valley
  2020 to be staffed by more than 1,000 workers
McDonald's, Starbucks, Subway, Dunkin' Donuts:
 The cost of the biggest fast-food franchises

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

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######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.


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[headlines]

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More on Major Leasing Company Firing CEO
for Alleged Sexual Abuse

Leasing News is not going to divulge the ex-ceo’s name or the company regarding the unsigned letter with no return address concerning the chief executive officer of a major leasing company escorted out of office regarding sexual abuse. We have responded to a call from a well-known reader in the midst of hiring, questioning if their applicant is the person. While we will not divulge the person’s name, we asked for the name of the applicant.  It was not the ex-ceo. We also have responded to emails and telephone calls to people guessing who the person might be.

In the meantime, Leasing News has attempted to reach out to the person for a response, as well as to local newspaper editors, the county district attorney, and state attorney general’s office, asking if  there was an active investigation or pending case on the matter.  No comments to date.

The company who let the CEO go, responded:

"We decline to comment on the unsigned letter.

“As a general practice, ***** are focused on operating with the highest level of integrity and embracing an inclusive culture.

"Let me know if you have any additional questions and when you anticipate providing an update on the story."

Should a human resources person, a president or ceo, who is considering hiring this specific person, contact Leasing News, our intention is to validate that they have the correct name, and that the caller be informed to speak to the company spokesman for a personal response. It is then a human resources situation, not for Leasing News to get involved at this time.

  1. http://leasingnews.org/archives/Oct2018/10_15.htm#major

 

 



[headlines]
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Position Wanted – Credit
Work Remotely or Relocate Cross-Border or International


Rob Aldridge

Silverton, Oregon 
30 years’ experience, 20 for others and 10 as a broker. Intelligent, innovative and usually exceeded quotas. Have worked most asset and credit types, indirect (vendor and syndications) as well as direct, mainly mid to large ticket. Cross-border and international experience.  Most recently focused on renewable energy and energy efficiency, which remain underserviced as to financing options. I live in Oregon, not interested in relocation (unless it is international), but any level of travel is fine. Dual USA/Canada citizenship. Looking for base salary plus upside, open to any reasonable options.
Rob Aldridge. raldridge@energyfinance.com 

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. 

 

[headlines]
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Leasing News Top Stories
October 15 - October 19

(Stories most opened by readers)

(1) Major Leasing Company Fires CEO
            for Alleged Sexual Abuse
http://leasingnews.org/archives/Oct2018/10_15.htm#major

(2) Tirey Leaving LeaseQ
    To Take a Few Months Off
http://leasingnews.org/archives/Oct2018/10_19.htm#leaseq

(3) Deborah Monosson Presented Award at ELFA Conference
  2017 Equipment Leasing Person of the Year
http://leasingnews.org/archives/Oct2018/10_17.htm#poy

(4) New Hires/Promotions in the Leasing Business
             and Related Industries
http://leasingnews.org/archives/Oct2018/10_19.htm#hires

(5) Assurance Partners LLC a.k.a Trust Capital LLC
    Complaint Bulletin Board
http://leasingnews.org/archives/Oct2018/10_17.htm#assurance

(6) Wintrust hires David Normandin for Newest Division
         Wintrust Specialty Finance, Irvine, California
http://leasingnews.org/archives/Oct2018/10_17.htm#wintrust

(7) New Jersey Considering Bill Similar to CA SB1235
         Introduced by Senator Troy Singleton
http://leasingnews.org/archives/Oct2018/10_17.htm#introduced

(8) Letters? We get email!
   SB 1235/Scott Wheeler/AACFB/Hugh Swandel
http://leasingnews.org/archives/Oct2018/10_17.htm#letters

(9) Dext Capital Launches
   as New Healthcare Equipment Leasing Company
http://leasingnews.org/archives/Oct2018/10_15.htm#dext

(10) 10 Vehicles That Depreciate Fastest
    (and Slowest)
https://247wallst.com/autos/2018/10/12/10-vehicles-that-depreciate-fastest-and-slowest/

 

[headlines]
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2018 ELFA Annual Convention – Over 1,000 Strong
Report from Bruce Kropschot and David Wiener, the Alta Group

The 57th Equipment Leasing & Finance Association (ELFA) Convention was held last week at the JW Marriott Resort on the outskirts of Phoenix, Arizona. A series of unusual desert thunderstorms on Saturday did not at all dampen the enthusiasm among the large contingent of convention participants who arrived early to maximize their participation in this highly anticipated annual ELFA event. On Saturday night, many of these early arrivals descended into the lobby bar as a pre-convention kick-off celebrating a robust year.

Sports and service were front and center throughout the morning and afternoon Sunday. The sold out annual ELFA Golf Tournament was held at the Wildfire Golf Club – a 6,800-yard desert course with a mountain backdrop surrounded by vintage cactus plants that date all the way back to 1900. The cooling rain from the prior day afforded a pleasant golf outing. 

Competing with the traditional morning tennis tournament was the introduction of a first-ever afternoon pickle ball event that got a strong showing. The 24-mile Jim McGrane Charity Bike Ride completed the set of ELFA athletic options. A total of 100 ELFA members participated in these competitive athletic events in advance of the well-planned professional educational opportunities availed by the convention.

Two community-oriented events - one in the morning and then one in the afternoon - were sponsored by the ELFA, both in support of Arizona Helping Hands, established to support foster families, ELFA presented Arizona Helping Hands with a check for $25,000 as they work to make a difference in the lives of children in the greater Phoenix community.

Sunday evening formally kicked off the convention with the Welcome Reception which was attended by a large share of the over 1,000 registered convention attendees. The remarkable level of participation underscored the overall health of the equipment leasing industry. The reception included over 30 exhibitors who serve and support equipment finance firms. As the Welcome Reception wrapped up, many went on to enjoy a private dinner with clients and colleagues. 

The ELFA convention attracts a wide range of industry professionals, from senior executives to emerging future leaders and from the industry’s large banks and captives to many small independent leasing companies, as well as a variety of service providers. A common interest of attendees is to develop and deepen relationships with other attendees who may be funding sources, service providers, syndication partners or people with similar job functions or industry specializations. Many meetings are impromptu between sessions. Other appointments are scheduled in the booths set up in the exhibitor hall. 

Throughout the hotel complex, hundreds of private meetings are held in private suites or in public areas. Although the many scheduled convention programs are informative and well-attended, many attendees view the networking opportunities to be the most important reason to attend this event every year.

Monday, October 15, 2018

The Monday morning General Session set the tone for the convention theme: Evolve! Emerge! Excel! At the beginning of this session, two industry leaders were recognized for their individual remarkable contributions to the equipment leasing and finance industry.


Edward A. Dahlka, Jr.

It was announced that Edward A. Dahlka, Jr. – a 40+ year industry veteran, former ELFA Chairman and former multi-year Foundation Chairman - was inducted into the Equipment Finance Hall of Fame at the ELFA Chairman’s Board Dinner the preceding Saturday evening.


Deb Reuben, CLFP
President of Reuben Creative

Deb Reuben was introduced on-stage as the 2018 Michael J. Fleming Distinguished Service Award recipient.  For over a quarter of a century, Deb has served the association in a variety of roles, including the Operations & Technology Planning Council and the Women’s Leadership Forum. Both Ed and Deb each uniquely embody outstanding examples of leadership to the equipment leasing and finance industry.


ELFA President Ralph Petta highlighted some of the notable new initiatives within the trade association.  Emergence2018 was the inaugural leadership development conference launched by the Emerging Talent Advisory Council to mentor the next generation of leasing executives. A higher number of first-time attendees and younger industry talent was seen at this convention.  The 2018 Women’s Leadership Forum was the oversubscribed brainchild of the ELFA Women’s Council to foster greater management diversity within the leasing industry.  The byproduct this initiative has yielded is a doubling of women representation within ELFA board governance and among committee participation.


Linda Bernardi
Global Head of Strategy at ConsenSys.
Author of The Inversion Factor & ProVoke.
Former IBM Chief Innovation Officer.

The morning keynote speaker was Linda Bernardi, former CIO of IBM, co-lead of IBM’s Watson AI project and author of Provoke and The Immersion Factor that express her passion for disruptive thinking as a technologist. She offered an “Innovation GPS” to navigate disruptive transformation successfully. She backed up her “Disrupt or Die” mantra with examples of failed companies – including Borders, Kodak, Nokia and Blackberry. These each demonstrated an unusual resistance to disruption that resulted in their demise. But she added the assurance that, “Disruption is not chaos but is essential for innovation.” She went on to outline the key contemporary disruptive technology forces. “Vision becomes the driver. Successful companies have moved from forcing their customers to adapt to the company, now to companies adapting to the customer.”

The ELFA luncheon was focused upon the educational work of the Equipment Leasing and Finance Foundation. Foundation Executive Director Kelli Nienaber and Foundation Chairman Jeffry Elliott outlined the research accomplishments of the Foundation and recognized the financial contributions of individual and corporate donors. 


Dr. Mark Zanti, Chief Economist and Co-founder of Moody’s Analytics, delivered the luncheon keynote presentation.  While the study of economics is known as the dismal science, Dr. Zanti balanced his remarks between the present good economy that the U.S. economy is demonstrating (and the general smooth sailing experienced by our own industry) along with the potential distant storm clouds that could result in a change in our economic weather and possibly adversely impact leasing.

ELFA conventions always have a wide variety of useful and timely concurrent break-out sessions led principally by talented individuals from ELFA member companies.  Many of the Monday break-out sessions focused on aspects of the “Evolve, Emerge, Excel!” convention theme.  One session highlighted the Equipment Leasing & Finance Foundation’s recent research study on the impact of robotic technology on equipment finance.  Other popular break-out sessions focused on technology innovation and disruptions and on customer centric technologies.

After the conclusion of Monday’s break-out sessions, many of the convention attendees hosted or attended private evening events.  Also, as usual at ELFA conventions, many friendships and business relationships were renewed around the bar until late in the evening.

Tuesday, October 16, 2018


Outgoing Chairman Dave Schaefer, CLFP, at the Tuesday morning General Session provided an opportunity to more fully articulate the Evolve, Emerge, Excel! Convention theme. He reflected on how the industry’s Association has evolved amidst U.S economic and technological evolution from its humble inception in 1961. 

Dave concluded that the secret to move from Evolve onto Emerge and to Excel is to anticipate what customers want, then to develop products that meet a genuine need before the customer even knows that they need them. 

While the outside desert sunshine was tempting to many, the conference Day 2 morning and afternoon break-out sessions presented by industry members were well attended. Popular Tuesday break-out sessions included a review of the Equipment Leasing & Finance Foundation’s new Industry Horizon Report and forward-thinking sessions on how to engage and compete in the sharing economy and how to utilize big data and blockchain. As is typical, there were five luncheon group meetings on Tuesday, providing attendees an opportunity to participate in programs and conversations designed to fit the interests of members of each of the five business councils:  Small Ticket, Captive/Vendor Finance, Independent Middle Market, Financial Institutions and Service Providers.

The Southwest theme closing party “Kick Up Your Boots” was a warm way for all to say goodbye, held outside in the cool desert air. It was well attended with a great band. Well after the band packed up and the hosted bar closed, three side by side sets of competitive ‘corn hole’ games continued late into the evening. Those who wanted to warm up moved into the lower level lobby bar to enable conversations to continue.

Judging from the upbeat tempo of the attendees, the equipment leasing and finance industry is doing quite well in 2018. Many industry leaders would not miss this annual event, and all indications are that the attendees were well-satisfied with the networking and educational opportunities they had in Phoenix.


Bruce Kropschot
Senior Managing Director
The Alta Group
bkropschot@thealtagroup.com


David S. Wiener
Managing Director
The Alta Group
dwiener@thealtagroup.com


ELFA Announces New Board of Directors
New Chairman: Jud Snyder, Pres. BMO Harris Equip. Fin.
http://leasingnews.org/archives/Oct2018/10_19.htm#elfa



[headlines]
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Financing Equipment Bundled with Software and
Services Held Not to Create a True Lease in Bankruptcy

By Tom McCurnin
Leasing News Legal Editor

Lessor Denied Status as True Lease,
Disallowing Post-Petition § 365 Payments

First Guar. Bank v. Pioneer Health Servs. (In re Pioneer Health Servs.) (5th Cir. Aug. 7, 2018, No. 17-60824) 2018 U.S. App. LEXIS 21958). 

Today’s case demonstrates that sloppy documentation can prevent the equipment lessor from contending that a lease is a true lease, which denies the lessor certain rights in bankruptcy. If a lease is a true lease in bankruptcy (called an executory contract), the debtor must assume or reject the lease, and the lessor may obtain the lease payments as an obligation of the estate. 

The problem with the documentation in today’s case is that it seemed to be documented as a conditional sale. The lessor’s argument that the financing was a true lease seemed to be more of an afterthought than what was contemplated by the financing documents. While there was a cryptic letter agreement which mentioned the word “lease,” the agreement looked more like a loan. The facts follow. 

Pioneer Health Services owns a number of hospitals and healthcare facilities throughout the southeastern United States. Pioneer contracted with McKesson Corporation for healthcare services and information technology systems, costing $8.5 million. The financing package included equipment, embedded software and hosting services.

The acquisition was financed through Med One Capital Funding, which assigned the financing agreements to Republic Bank, the predecessor in interest to First Guaranty Bank.  The documents were labeled “Conditional Sales Agreements.”  . 

McKesson maintained ownership of the software but granted a license to Pioneer to use it. The license was never transferred to the Bank. However, under a side letter, which obliquely mentioned the word “lease,” Pioneer was leasing the software from the Bank, and, if Pioneer failed to make monthly payments, Pioneer was obligated to return the software to the Bank and delete it from its systems. 

Pioneer then filed a Chapter 11. Guaranty Bank moved for an order compelling Pioneer to pay Guaranty Bank to make payments to the Bank under Bankruptcy Code § 365. This code section allows a lessor on a true lease to demand that the bankruptcy debtor assume or reject the lease and to bring the lease current post petition. Guaranty Bank argued three things: (1) The software financing was subject to a letter agreement which stated that Pioneer was leasing the software, making it a true lease; (2) The financing included services which are not goods, thus, the Uniform Commercial Code bright line test for leases vs loan did not apply; and (3) The financing agreement was part loan, part lease, with a loan-security agreement covering the equipment, and a true lease covering the software. 

The central issue in the case, and the subsequent appeals, concerned the nature of the agreements with the Bank. The Bank claimed that the agreements were leases, while the debtor Pioneer claimed they were loans. Some of the features which made the financing a loan not a lease included:

▪ The Document Was Titled Conditional Sales Agreement. While labels shouldn’t matter, they also can’t be completely ignored.

▪ The Financing Was Non-Cancelable. This fits nicely into the definition of a lease intended as secured under the UCC.

▪ The Goods Were Conveyed to the Borrower at the Conclusion of the Financing. Obviously, the payment by the borrower was nominal.

▪ McKesson, Not the Bank, Had Ownership of the Software. The software licenses were never transferred to the Bank. How could the Bank lease something it didn’t own?

▪ Although There Was a Side Agreement Which Mentioned the Word “Lease,” The Terms Were Incorporated Into the Conditional Loan Agreement and Not Severable. 

▪ Where a Single Document is Argued to be Both a Lease and Loan, Then the Issue Becomes Which Property Predominates. In this case, the equipment and the embedded software predominated.  There was no clear language which made the transaction a lease. 

Therefore, the court concluded that this financing of medical equipment which included hard equipment, bundled software, and hosting services was a secured loan, not a true lease. The creditor was not entitled to post-petition payments as a lessor to an executory contract. Debtor wins, creditor loses. This decision was appealed to the district court and to the 5th Circuit Court of Appeals, all of which affirmed the decision of the Bankruptcy Court. 

The issues in this case were fairly straight forward—leasing equipment which is bundled with software and services is not uncommon. Since the creditor botched this deal, the question becomes how can an equipment lessor provide the most protection for its bundled financing in a bankruptcy context? 

• First, In reviewing the financing agreement, it appeared to me that it was never intended to be a lease or have any attributes of lease. The Bank’s contention that the conditional sales agreement was modified by a few sentences in a letter agreement seemed to me to be more of an afterthought and a creative legal argument than the parties actual intent. 

• Second, If the parties intend to have a true lease, then document it as such. Nowhere in the document is the term “lease” used (except in a few sentences in a cryptic letter agreement). 

• Third, For equipment and software, the lessor should have both transferred to its name and a true lease signed for each. The equipment transfer should be documented by a bill of sale and the license transfer documented by software issuer to the lessor. In states which software is not considered to be “goods,” that presents a problem. The lessor should consider using a choice of law to state which recognizes software as “goods.” 

• Fourth, For services, that are neither a sale nor a lease, and the lessor should probably finance it vis-à-vis a promissory note. It obviously will never be considered a true lease. 

The bottom line is that the documentation of this very large commercial equipment and software package was simply botched. Assuming the creditor wants to preserve its rights under Bankruptcy Code § 365, then the creditor has to pay attention to documentary details. 

First Guarantee Bank v. Pioneer Health Services  (5 pages) http://leasingnews.org/PDF/FirstGuarvPioneer2018.pdf

First Guarantee Bank Bankruptcy Decision  (21 pages)
http://leasingnews.org/PDF/FirstGuarvPioneer2018.pdf

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

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

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

 

[headlines]
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[headlines]
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An interview from the Russian Ministry for Maritime and River Transport published on website PortNews says that Arctic ports along the Northern Sea Route are experiencing a surge in cargo. Up to August 24th of this year, 9.95 million tons of goods went through ports in the region, an 81 percent increase on last year's 5.5 million. Even though the passage is only feasible for three months of the year, global warming is making it increasingly viable for major shipping companies. This year, temperatures in the Arctic Circle have been unusually warm, topping 30C on several occasions.

That resulted in Maersk confirming that it was sending a ship with a 3,600 container capacity, the Venta Mersk, over the top of Russia on a test run. The decision has been welcomed in Russia where it's hoped the Arctic route will compete with the southern route through the Suez Canal and Straits of Malacca. The Northern Sea Route runs from Murmansk near Russia's border with Norway all the way to the Bering Strait in Alaska with all transiting ships requiring a permit from the Russian authorities. Even though travel-time can be reduced by two weeks compared to the southern route, costs are generally higher because vessels have to be accompanied by a nuclear-powered icebreaker.

The Venta Maersk left Vladivostock before docking in Pusan, South Korea. It embarked on its long journey through the Arctic and it’s expected to pass through the Bering Strait at the start of September before finishing the trip in St. Petersburg at the end of the month. The following infographic shows how a general container-ship would travel between Europe and East Asia, using Hamburg and Shanghai as example ports. A ship traveling between those two cities on the Northern Sea Route would travel about 14,000 kilometers, sparing at least two weeks over the 20,000-kilometer long southern route through the Suez Canal and Straits of Malacca.

Niall McCarthy, Statista

.
https://www.statista.com/chart/15279/northern-and-southern-sea-routes-between-europe-and-east-asia/

 


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CLFP Academy for Lease & Finance Professionals
Three: Scottsdale, Arizona Federal Way, Washington, Chicago

Thursday, January 03, 2019 
Start: 8:00 AM (UTC-07:00) End: Sat., January 05, 2019 4:00 PM (UTC-07:00
Location: Hosted by Ascentium Capital LLC, 4141 N. Scottsdale Rd., Scottsdale, AZ
Spaces left: 15
Registered: 10 registrants
Hotel recommendation:
Scottsdale Marriott Suites Old Town
7325 East 3rd Avenue
Scottsdale, AZ 85251

Thursday, February 07, 2019
Start: 8:0o (PST)  End: Sat., February 09, 2019 4:00pm (PST)
Location: Hosted by Financial Pacific Leasing, In. 3455 S.
344TH Way, Federal Way, WA 98001
Spaces Left: 25
Registered: Nobody
Hotel recommendations:
Marriott Courtyard – Federal Way, WA
https://www.marriott.com/hotels/travel/seafw-courtyard-seattle-federal-way/?scid=bb1a189a-fec3-4d19-a255-54ba596febe2
Hilton Hampton Inn – Federal Way, WA
https://hamptoninn3.hilton.com/en/hotels/washington/hampton-inn-and-suites-seattle-federal-way-SEAFWHX/index.html

Thursday, May 09, 2018
Start: 8:00 AM (UTC- 6:00) End: Sat, May 11, 2018 5:00pm)
Location:  Hosted by ECS Financial Services 3400 Dundee Rd.,
Suite 330, Northbrook, Ill.
Registered: Nobody
Hotel recommendation:
Marriott Courtyard Chicago-Deerfield:
http://www.marriott.com/hotels/travel/chidf-courtyard-chicago-deerfield/

The cost to attend the class is $750 and the cost of the exam is $695. When purchased together, the total is discounted to $1400. Current CLFPs are offered a discounted price of $395 and class attendance satisfies the Recertification requirement.

For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or Sandy Vigilia, Executive Administrator (206) 535 – 6281. Visit http://www.CLFPFoundation.org.

 

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

IRS: Several Tax Law Changes
“may affect bottom line of many business owners”

WASHINGTON — The Internal Revenue Service reminds business owners that tax reform legislation passed last December affects nearly every business.

With just a few months left in the year, the IRS is highlighting important information for small businesses and self-employed individuals to help them understand and meet their tax obligations.

Here are several changes that could affect the bottom line of many small businesses:

Qualified Business Income Deduction 
Many owners of sole proprietorships, partnerships, trusts and S corporations may deduct 20 percent of their qualified business income. The new deduction -- referred to as the Section 199A deduction or the qualified business income deduction -- is available for tax years beginning after Dec. 31, 2017. Eligible taxpayers can claim it for the first time on the 2018 federal income tax return they file next year.

A set of FAQs provides more information on the deduction, income and other limitations.

Temporary 100 percent expensing for certain business assets
Businesses are now able to write off most depreciable business assets in the year the business places them in service. The 100-percent depreciation deduction generally applies to depreciable business assets with a recovery period of 20 years or less and certain other property. Machinery, equipment, computers, appliances and furniture generally qualify.

Taxpayers can find more information in the proposed regulations.

Fringe benefits

  • Entertainment and meals: The new law eliminates the deduction for expenses related to entertainment, amusement or recreation. However, taxpayers can continue to deduct 50 percent of the cost of business meals if the taxpayer or an employee of the taxpayer is present and other conditions are met. The meals may be provided to a current or potential business customer, client, consultant or similar business contact.
  • Qualified transportation: The new law disallows deductions for expenses associated with transportation fringe benefits or expenses incurred providing transportation for commuting. There’s an exception when the transportation expenses are necessary for employee safety.
  • Bicycle commuting reimbursements: Employers can deduct qualified bicycle commuting reimbursements as a business expense for 2018 through 2025. The new tax law also suspends the exclusion of qualified bicycle commuting reimbursements from an employee’s income for 2018 through 2025. Employers must now include these reimbursements in the employee’s wages.
  • Qualified moving expenses reimbursements: Reimbursements an employer pays to an employee in 2018 for qualified moving expenses are subject to federal income tax.  Reimbursements incurred in a prior year are not subject to federal income or employment taxes; nor are payments from an employer to a moving company in 2018 for qualified moving services provided to an employee prior to 2018.
  • Employee achievement award: Special rules allow an employee to exclude certain achievement awards from their wages if the awards are tangible personal property. An employer also may deduct awards that are tangible personal property, subject to certain deduction limits. The new law clarifies that tangible personal property doesn’t include cash, cash equivalents, gift cards, gift coupons, certain gift certificates, tickets to theater or sporting events, vacations, meals, lodging, stocks, bonds, securities and other similar items.

The tax reform for businesses page has more information on fringe benefit changes.

Estimated Taxes
Individuals, including sole proprietors, partners and S corporation shareholders, may need to pay quarterly installments of estimated tax unless they owe less than $1,000 when they file their tax return or they had no tax liability in the prior year (subject to certain conditions). More information about tax withholding and estimated taxes can be found on the agency’s Pay As You Go web page as well as in Publication 505, Tax Withholding and Estimated Tax. Publication 505 has additional details, including worksheets and examples, which can help taxpayers determine whether they should pay estimated taxes. Some affected taxpayers may include those who have dividend or capital gain income, owe alternative minimum tax or have other special situations.

More information
See IRS.gov/taxreform for more information about these and many other tax law changes.

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


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Mutt (looks like Labrador Retriever)
Phoenix, Arizona  Adopt-a-Dog


Lenny
ID: 39654546
Male
Age: 9 years, 1 month
Size: Large
Adoption Fee: $55.00

"If you're looking for a cuddle buddy, I'm your dog! I LOVE to lounge around and curl up in laps to take a nap. I would be great at watching TV with you. I would also love a few walks a week, and of course plenty of treats! I promise to reward you with a lifetime of love! If you think we could be a good match, come say hello to me and all of my other adoptable friends at the main shelter!"

Arizona Animal Welfare League
25 North 40th St.
Phoenix, AZ 85034
Phone: 602-273-6852
Shelter Hours of Operations:
Monday: Closed
Tuesday: 11:30am to 6:00pm
Wednesday 11:30am to 6:00pm
Thursday 11:30am to 6:00pm
Friday 11:30am to 6:00pm
Saturday 10:30am to 6:00pm
Sunday 11:30am to 6:00pm

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

 

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https://www.debankedmiami.com

[headlines]
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News Briefs----

Mortgage lenders cut jobs as Fed rate hikes hit home sales
"Industry going to be a whole lot smaller unless rates reverse course"
https://nypost.com/2018/10/20/mortgage-lenders-cut-jobs-as-fed-rate-hikes-hit-home-sales/

JPMorgan Chase plans ‘FinTech’ site in Silicon Valley
  2020 to be staffed by more than 1,000 workers
http://www.taipeitimes.com/News/biz/archives/2018/10/21/2003702735

McDonald's, Starbucks, Subway, Dunkin' Donuts:
 The cost of the biggest fast-food franchises
https://www.foxbusiness.com/retail/subway-mcdonalds-starbucks-franchise 

 



[headlines]
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You May Have Missed---

Tech boom: Silicon Valley headed for best office market in years
https://www.mercurynews.com/2018/10/18/tech-boom-silicon-valley-best-office-market-years-google-roku-apple-facebook-amazon-adobe/



[headlines]
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Three Strikes, Yer Out

..... written by Greg Salts, Chula Vista, Calif.

The first pitch was heat that looked more like meat.
You swung awful fast but it fouled off my mask.
You looked far too long at the base coach's face.
Your task here is simple, just get to first base.

You step in the box and shuffle your feet.
"O-2 on the batter," I said,
and was glad I glanced at him then and he really looked mad.

The catcher laid down number three as a sign
A change-up it was and it looked mighty fine.

I can't figure out why you stood there and looked.
But now there's a backward K in the book.


[headlines]
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Sports Briefs---

Seahawks sale coming after Paul Allen's death
http://www.theredzone.org/Blog-Description/EntryId/73019/Seahawks-sale-coming-after-Paul-Allen-s-death

Redskins outlast Cowboys
   after Brett Maher's field goal attempt hits upright
https://www.usatoday.com/story/sports/nfl/cowboys/2018/10/21/dallas-cowboys-dak-prescott-washington-redskins/1723706002/

Patriots vs. Bears: New England Wins
   as Trubisky’s Hail Mary Lands One Yard Short
https://www.nytimes.com/2018/10/21/sports/patriots-vs-bears-nfl-week-7.html

49ers faults are nearly too numerous to count
https://www.sfchronicle.com/49ers/ostler/article/49ers-faults-are-nearly-too-numerous-to-count-13325313.php

[headlines]
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California Nuts Briefs---

L.A. County firefighters earn massive overtime pay,
   busting budgets and raising questions
http://www.latimes.com/local/lanow/la-me-ln-county-fire-overtime-20181021-story.html

North Bay counties mostly beat California's 4-decade-low
    unemployment in September
https://www.northbaybusinessjournal.com/northbay/sonomacounty/8857894-181/unemployment-sonoma-solano-marin-napa-mendocino-lake

Proposals for more than 4,000 hotel rooms have piled up
     in San Jose's tight market
https://www.bizjournals.com/sanjose/news/2018/10/18/crane-watch-update-proposals-for-more-than-4-000.html?ana=e_sjo_bn_newsalert

Exclusive: Apple signs big industrial lease in Milpitas
https://www.bizjournals.com/sanjose/news/2018/10/19/apple-industrial-lease-milpitas-aapl-mccarthy.html

Nearly one-third of San Jose police's new recruits are from out of state
http://www.ktvu.com/news/nearly-one-third-of-san-jose-police-s-new-recruits-are-from-out-of-state


[headlines]

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“Gimme that Wine”

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

This Baja wine region is the Napa Valley of Mexico
https://www.sfchronicle.com/travel/article/This-Baja-wine-region-is-the-Napa-Valley-of-Mexico-13320939.php

How do wildfires affect wine? UC Davis begins study
https://www.kcra.com/article/how-do-wildfires-affect-wine-uc-davis-begins-study/23908103

How Duarte Nursery Revolutionized the Wine Grape Nursery Industry
https://www.winebusiness.com/news/?go=getArticle&dataid=204873


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

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

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

[headlines]
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This Day in History

     1721 - Unofficial Birthday of Peyton Randolph, first president of the Continental Congress, died October 22, 1775.
http://www.history.org/Almanack/people/bios/biorapey.htm
    1734 – Daniel Boone was born in Berks County in the Pennsylvania Colony.  Having moved to Kentucky, Boone was in the Revolutionary War, which in Kentucky, was fought primarily between the American settlers and the British-aided Indians. Boone was captured by Shawnee warriors in 1778, who after a while adopted him into their tribe. Later, he left the Indians and returned to Boonesborough to help defend the European settlements in Kentucky/Virginia.  Boone was elected to the first of his three terms in the Virginia General Assembly during the Revolution, and fought in the Battle of Blue Licks in 1782. Blue Licks, a Loyalist victory over the Patriots, was one of the last battles of the Revolutionary War, coming after the main fighting ended in October 1781.  Boone died in 1820 in Missouri.
    1746 – Princeton University received its charter as The College of New Jersey.
    1812 - American Mountain man Grizzly Adams born Medway, Massachusetts.
http://www.amazon.com/exec/obidos/ASIN/068816370X/
pro3-20/103-0205572-2897419
http://www.grizzlyadams.net/
    1819 – The first ship travels the Erie Canal from Rome to Utica in New York.
    1836 - Sam Houston inaugurated as first elected president of Republic of Texas
http://www.tsha.utexas.edu/handbook/online/articles/view/HH/fho73.html
    1844 - The "Great Disappointment" began when this latest date, set for the return of Christ by religious leader William Miller, passed without event. Over 100,000 disillusioned followers returned to their former churches, or abandoned the Christian faith altogether.
http://www.museumofhoaxes.com/disappointment.html
http://www.pbs.org/wgbh/pages/frontline/shows/apocalypse/
explanation/amprophesy.html
http://www.gospelcom.net/chi/DAILYF/2001/10/daily-10-22-2001.shtml
    1861 – The first telegraph linking the east and west coasts is completed.
    1862 - Battle at Old Fort Wayne, Indian Territory (Oklahoma). Brig. Gen. James G. Blunt and his troops attacked Col. Douglas H. Cooper and his Confederate command on Beatties Prairie near Old Fort Wayne at 7:00 am. The Confederates put up stiff resistance for a half hour, but overwhelming numbers forced them to retire from the field in haste, leaving artillery and equipment behind. This was a setback in the 1862 Confederate offensive that extended from the tidewater in the east to the plains of the Indian Territory of the west.
    1875 - Sons of the American Revolution organized.
http://www.sar.org/
    1879 – Thomas Edison, using a filament of carbonized thread, tests the first practical electric incandescent light bulb.  It lasted 13½ hours before burning out.
      1881 – The Boston Symphony Orchestra performed its first concert.
    1883 - The Metropolitan Opera House opened in New York City with Charles Francois Gounod's “Faust,” sung in Italian, by Ludovico Contini;  “Siebel” by Sofia Scalchi; “Marthe” by Louise Lablache; and “Marguerite” by Christine Nilsson. Admission was priced at $6 for the orchestra stalls, $3 for the balcony, and 42 for the family circle.
http://memory.loc.gov/ammem/today/oct22.html
    1883 – The first horse show was held, at New York’s Madison Square Garden.
    1884 – Sporting Life announces that both pennant winners will meet in a 3 game series Oct 23-25 at Polo Grounds New York City to determine baseball champion in what would become the World Series.
     1885 – John Montgomery Ward and several teammates secretly form the Brotherhood of Professional Baseball Players, becoming the first union representing the players.
     1897 – The world’s first car dealer opens in London.
     1898 - Birthday of composer-pianist Ralph Yaw, Enosburg Valls, VT.  He arranged 40 originals for Stan Kenton.
    1903 - Birthday of George Beadle, on a farm near Wahoo, NE.  Beadle began his pro­fessional career as a professor of genetics at Harvard, eventually becoming President of the University of Chicago. Dr. Beadle won many international prizes, including the Nobel Prize for Medicine in 1958 for his work in genetic research, as well as the National Award of the American Cancer Society in 1959 and the Kimber Genetica Award of the National Academy of Science in 1960. Beadle demonstrated how the genes control the basic chemistry of the living cell. Because of his work, he has been termed “the man who did most to put modern genetics on its chemical basis.” Beadle died June 9, 1989, at Pomona, CA.
    1903 – Curly Howard, one of The Three Stooges, was born Jerome Lester Horwitz in Bensonhurst, Brooklyn.
      1906 - Race riot for four days in Atlanta, Georgia, ten blacks and two whites were killed. Historians’ state racism prevailed until Rosa Parks and Dr. Martin Luther King, Jr. in the late 1950's (that is another story).  Lynchings of Americans were common in the 20th century from seventy-five to one hundred per year, and it appears until the late 1920's, when it became less than 25 known lynchings per year. In 1922, an anti-lynching bill was filibustered in the US Senate.
http://www.wpba.org/jimcrow/01/crow.html
http://www.wpba.org/jimcrow/index.html
http://memory.loc.gov/ammem/aap/timelin3.html
    1906 - 3,000 blacks demonstrate and riot in Philadelphia to protest a theatrical presentation of Thomas Dixon's "The Clansman". D.W. Griffith’s “The Birth of the Nation” is an adaptation of this novel turned into a play and film.
http://www.emedialive.com/Articles/ReadArticle.aspx?CategoryID=
30andArticleID=4934
    1907 – Ringling Bros acquires Barnum and Bailey Circus.
    1907 – “Double X”, Jimmy Foxx was born in Sudlersville, MD.  He played 20 seasons in the Majors with four teams. His most productive years were with the Philadelphia A’s and the Boston Red Sox, where he hit 30 or more HRs in 12 consecutive seasons and drove in more than 100 runs in 13 consecutive years.  In 1932, Foxx hit .364, with 58 home runs with 169 RBIs, missing the Triple Crown by just three points in batting average. Foxx had actually hit 60 home runs that year which would have tied Babe Ruth’s record, but two of the home runs were hit in games that ended up being rained out, so the home runs didn't count.  Foxx became the second player in Major League Baseball history to hit 500 career home runs, after Ruth. Attaining that plateau at age 32 years and 336 days, he held the record for youngest to reach 500 for sixty-eight years, until superseded by Alex Rodriguez in 2007. His three career MVPs awards are tied for second all-time. Foxx was inducted to the Baseball Hall of Fame in 1951.  Foxx passed in FL in 1967.
     1913 - Action/war photographer Robert Capa (real name Andre Friedmann) was born in Budapest, Austro-Hungary. Instrumental in forming photographer-owned outfit (Magnum) to aid photographers and distribute their work cooperatively.  Capa took some of the most famous war photos ever, including anarchists and Republicans during the Spanish Revolution of 1936. Shortly after taking this photograph, Capa, who had taken numerous famous photos of D-Day in World War II, stepped on a land mine and was killed in Vietnam, May 24, 1954.
http://www.photo-seminars.com/Fame/capa.htm
http://www.icp.org/chim/bio/caparobe.html
http://www.pbs.org/wnet/americanmasters/database/capa_r.html
    1918 - Flu epidemic strikes one fourth of all Americans, 200,000 die in the month of October; overall 675,000 die from the flu in the United States alone, with over 1 million suffering, but recovering.
http://www.ninthday.com/spanish_flu.htm
http://www.stanford.edu/group/virus/uda/
http://www.pbs.org/wgbh/amex/influenza/
    1920 – Birthday of Timothy Leary in Springfield, MA.  A psychologist and writer, known for advocating psychedelic drugs, Leary conducted experiments under the Harvard Psilocybin Project, resulting in the Experiments at Concord prison and Marsh Chapel. Though obtaining useful data, Leary and his associate Richard Alpert were fired by Harvard amid controversy surrounding such drugs.  Leary believed LSD showed therapeutic potential for use in psychiatry. He popularized catchphrases that promoted his philosophy such as "turn on, tune in, drop out"; "set and setting"; and "think for yourself and question authority". During the 1960s and 1970s, he was arrested often enough to see the inside of 29 different prisons worldwide. President Richard Nixon once described Leary as "the most dangerous man in America".  Leary died in 1996 in LA.
1922 - The passage of the anti-protectionist Underwood-Simmons Act took a bite out of the nation's pocketbook. To compensate for the lost income, Congress passed the Revenue Act, mandating the first tax on incomes over $3,000.
    1924 – Toastmasters International is founded by Ralph C. Smedley at the YMCA in Santa Ana, CA.
    1928 - President Herbert Hoover speaks of "American system of rugged individualism". "We in American today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us. We have yet reached the goal, but, given a chance to go forward with the policies of the last eight years, we shall soon with the help of God be in sight of the day when poverty will be banished from this nation." In November, he would be elected in a Republican landslide with 444 electoral votes to Alfred E. Smith’s 87: 21,392,190 popular votes to 15,016,433 for Smith. In congressional elections, the Republicans increased their majorities in both houses, leading in the Senate 56-39 with one seat going to a minor party, and controlling the House 267-167, with one seat held by a minor party.
    1928 - Birthday of composer/pianist Clare Fisher.
http://www.clarefischer.com/
    1934 - Charles "Pretty Boy" Floyd is shot by FBI agents in a cornfield in East Liverpool, Ohio. Famed agent Melvin Purvis asked the dying man, "Are you Pretty Boy Floyd?" to which he replied, "I am Charles Arthur Floyd. You got me this time." Floyd, who had been a hotly pursued fugitive for four years, used his last breath to deny his involvement in the infamous Kansas City Massacre, in which four officers were shot to death at a train station. He died shortly thereafter. A folk hero to the people of Oklahoma who saw him as a "Sagebrush Robin Hood", stealing from rich banks to help the poor eat by buying them groceries and tearing up their mortgages during the robberies. He was written into legend through song, in Woody Guthrie's "Pretty Boy" Floyd. He was never part of a gang, working with a few trusted accomplices who boldly entered banks in broad daylight, never wearing a mask. A gentleman even in his crimes, always well groomed, immaculately dressed and courteous to his victims.
http://www.geocities.com/CapitolHill/Lobby/3935/
“Come gather 'round me children, a story I will tell
Of Pretty Boy Floyd, an outlaw, Oklahoma knew him well
Was in the town of Shawnee on a Saturday afternoon
His wife beside him in the wagon as into town they rode
A deputy sheriff approached them in a manner rather rude
Using vulgar words of language and his wife she overheard
Well, Pretty Boy grabbed a long chain, and the deputy grabbed a gun
and in the fight that followed, he laid that deputy down
Then he took to the trees and rivers to lead a life of shame
Every crime in Oklahoma was added to his name
Yes he took to the trees and timbers on the Canadian river shore
and the outlaw found a welcome at many a farmer's door
Yes, there's many a starving farmer, the same story told
How the outlaw paid their mortgage and saved their little home
Others tell about a stranger who came to beg a meal
and underneath the napkin left a thousand dollar bill
It was in Oklahoma City, it was on a Christmas day
Came a whole carload of groceries and a letter that did say
Well, you say that I'm an outlaw, and you say that I'm a thief
Here's a Christmas dinner for the families on relief
Well, as through the world I've rambled, I've seen lots of funny men
Some rob you with a six gun, some with a fountain pen
As through this world you ramble, as through this world you roam
You'll never see an outlaw drive a family from its home
— Woody Guthrie
    1936 - First commercial flight from the US mainland to Hawaii. United Air Lines had also won the mail contract. It was over a fifteen hour trip from the mainland. In 1941, Hawaiian Airlines, which became Aloha Airlines, started a regular service to the mainland from Oakland, California. In 1946, Aloha Airlines started regular travel. In the early 1950's, it was down to a twelve hour flight. Aloha went BK and Hawaiian Airlines was born again.
http://www.maui-activities.com/historyhawaiiairtravel.htm
http://en.wikipedia.org/wiki/Aloha_Airlines#The_Aloha_Airlines_name_and_intellectual_property
    1936 – Co-founder of the Black Panther Party with Huey Newton, Bobby Seale was born in Dallas.
    1937 - Benny Goodman records “Pop Corn Man,” (V). A real rarity. Only 10 original 78's remain after a mysterious “recall”
    1937 – “Charlie Chan on Broadway” starring Warner Oland and Keye Luke, opened in theaters.
    1938 – “Ignatowski”, actor, producer Christopher Lloyd was born in Stamford, CT.  His first movie role was as a psychiatric patient in “One Flew Over The Cuckoo’s Nest”.  He is perhaps best known for his roles as “Rev.” Jim Ignatowksi on the TV sitcom “Taxi”, for which he won two Emmy Awards for Outstanding Supporting Actor in a Comedy Series, and the eccentric inventor Doc Brown in the “Back to the Future” trilogy, for which he was nominated for a Saturn Award. Other roles include the villain Judge Doom in “Who Framed Roger Rabbit” and Uncle Fester in the movie adaptations of “The Addams Family”.  Lloyd remains one of the more prolific producers in TV and film.
      1938 - Chester Floyd Carlson, a research physicist from New York City, made the first electro photographic image on wax paper pressed against an electrostatically charged, sulfur-coated zinc plate dusted with fine dark powder. He went on to develop Xerography, the process of making dry paper copies based on the principles of photoconductivity and electrostatics. He patented it on October 6, 1942, calling it xerography. He failed to interest companies in producing copy machines until 1947, when the Haloid Company of Rochester, New York, licensed the process. The company, which later changed its name to Xerox, introduced its first copy machine in 1958.
    1939 – The NFL televised a game for the first time.  The Philadelphia Eagles played the Brooklyn Dodgers.
    1942 – Birthday of Mouseketeer and singer Annette Funicello in Utica, NY.  A long and storied career in TV, films, and song, Annette was the first Disney star that was not a cartoon.  She suffered through the latter part of her life from MS, from which she died in 2013.
    1944 - HAJIRO, BARNEY F., Medal of Honor
Private Barney F. Hajiro distinguished himself by extraordinary heroism in action on 19, 22, and 29 October 1944, in the vicinity of Bruyeres and Biffontaine, eastern France. Private Hajiro, while acting as a sentry on top of an embankment on 19 October 1944, in the vicinity of Bruyeres, France, rendered assistance to allied troops attacking a house 200 yards away by exposing himself to enemy fire and directing fire at an enemy strong point. He assisted the unit on his right by firing his automatic rifle and killing or wounding two enemy snipers. On 22 October 1944, he and one comrade took up an outpost security position about 50 yards to the right front of their platoon, concealed themselves, and ambushed an 18-man, heavily armed, enemy patrol, killing two, wounding one, and taking the remainder as prisoners. On 29 October 1944, in a wooded area in the vicinity of Biffontaine, France, Private Hajiro initiated an attack up the slope of a hill referred to as "Suicide Hill" by running forward approximately 100 yards under fire. He then advanced ahead of his comrades about 10 yards, drawing fire and spotting camouflaged machine gun nests. He fearlessly met fire with fire and single-handedly destroyed two machine gun nests and killed two enemy snipers. As a result of Private Hajiro’s heroic actions, the attack was successful. Private Hajiro’s extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit upon him, his unit, and the United States Army. 
    1946 - Top Hits
“Five Minutes More” - Tex Beneke
“To Each His Own” - Eddy Howard
“South America, Take It Away” - Bing Crosby and The Andrews Sisters
“Divorce Me C.O.D.” - Merle Travis
    1950 - Charles Cooper becomes one of the first Blacks to play in an NBA game (for the Boston Celtics).
    1950 – The Los Angeles Rams, in their first season after moving from Cleveland, beat the Baltimore Colts, in their first season after moving from Dallas as the Texans, 70-27.  The Rams’ GM and publicist was future Commissioner Pete Rozelle.
    1952 - The complete Jewish Torah was published in English for the first time. A collection of oral and written commentary (dating 200 BC to AD 500) on the first five books of the Old Testament, the Torah comprises the basic religious code of Judaism
    1952 - USAF ace Major Robinson "Robbie" Risner, flying an F-86 Sabre out of the 4th Fighter-Interceptor Wing, claimed his sixth MiG-15 of the Korean War. 
    1954 - Top Hits
“Hey There” - Rosemary Clooney
“I Need You Now” - Eddie Fisher
“If I Give My Heart to You” - Doris Day
“I Don't Hurt Anymore” - Hank Snow
    1954 - As a result of the Geneva accords granting Communist control over North Vietnam, U.S. President Dwight D. Eisenhower authorized a crash program to train the South Vietnamese Army. 
    1955 - The first post office manned by Blacks opens in Atlanta, GA.
    1957 – The first casualties of the Viet Nam war are incurred by the US.  Beginning in 1950, the US provided military advisors to what was then French Indochina, escalating through the 1950s after the French withdrew and into the 1960s with the Gulf of Tonkin Resolution.
    1959 - Under intense public pressure and the Massachusetts Committee Against Discrimination investigation, the Red Sox become the last club to integrate. Fourteen years after the club passes on Jackie Robinson despite a successful tryout in 1945, and later on Willie Mays, Elijah 'Pumpsie' Green pinch runs and plays shortstop to become the first black player for the Red Sox.
    1960 - The New Yorker magazine publishes “Hub Fans Bid Kid Adieu”, an article by 28-year old John Updike which chronicles Ted William's last game in the Major Leagues. The future Pulitzer Prize-winning author, among the 10,000 fans to watch the fabled game in Boston, ends the much celebrated baseball essay with, "Gods do not answer letters,” as an explanation of why the 41-year old superstar did not acknowledge the Fenway Faithful after homering in his final major league at-bat. In the years before his death when questioned about this, Williams offered, “I thought about it briefly but decided against it.”
    1960 – Cassius Clay, now known as Muhammad Ali, won his first professional fight.
    1961 - In response to the ever-expanding "twist" craze, Chubby Checker performs his original hit from a year ago, "The Twist," along with the follow-up smash "Let's Twist Again," in a medley on CBS-TV's “The Ed Sullivan Show”. The resultant attention boosted both singles back into the Hot 100, and shot "The Twist" back to #1 in early 1962, marking the only time the same single has hit the top spot in two separate years.
    1961 - The Supremes become the first all-female group to score a No. 1 album, with “Supremes a Go-Go”. Members Diana Ross, Mary Wilson, and Florence Ballard met as teenagers in the housing projects of Detroit. When several male friends, including future Temptations members Eddie Kendricks and Paul Williams, formed a singing group called the Primes, the girls dubbed their own group the Primettes. The Primettes signed with Motown records in 1961. The label immediately changed the group's name to the Supremes. After several years of releasing flops, the Supremes scored their first hit in 1964 with "Where Did Our Love Go," which sold two million copies. They followed up with numerous other hits, including "Stop! In the Name of Love!", "Back in My Arms Again", and “Baby Love”.  Their growing popularity corresponded with the rise of the civil rights movement, and the group came to symbolize strong, independent black women. They appeared regularly on major national TV shows such as “The Ed Sullivan Show” and “The Tonight Show”.
    1961 - Defensive back Erich Barnes of the New York Giants tied an NFL record by returning an intercepted pass 102 yards for a touchdown in the Giants' 17-16 loss to the Dallas Cowboys.  As he scored the TD, Barnes spiked the ball behind him, believed to be the first ‘spike’ in an NFL game.
    1962 - Pacific Science Center opens at Seattle Center
http://www.pacsci.org/
    1962 - President John F. Kennedy, in a nationwide television address, demanded the removal from Cuba of Soviet mis­siles, launch equipment and bombers, and imposed a naval “quar­antine” to prevent further weaponry from reaching Cuba. Kennedy charged the Soviet Union with subterfuge and outright deception in what he referred to as a "clandestine, reckless, and provocative threat to world peace." He dismissed Soviet Foreign Minister Andrei Gromyko's claim that the weapons in Cuba were of a purely defensive nature as "false." Harking back to efforts to contain German, Italian, and Japanese aggression in the 1930s, Kennedy argued that war-like behavior, "if allowed to grow unchecked and unchallenged, ultimately leads to war." The president outlined a plan of action that called for a naval blockade to enforce a "strict quarantine on all offensive military equipment under shipment to Cuba." He also issued a warning to the Soviets that the United States would retaliate against them if there was a nuclear attack from Cuba, and placed the U.S. military in the Western Hemisphere on a heightened state of alert. On Oct 28, the USSR announced it would remove the weapons in ques­tion. In return, the US removed missiles from Turkey that were aimed at the USSR.
    1962 - Top Hits
“Monster Mash” - Bobby “Boris” Picket
“Do You Love Me” - The Contours
“He's a Rebel” - The Crystals
“Mama Sang a Song” - Bill Anderson
    1963 - 225,000 boycott Chicago schools to protest segregation 
    1964 - Mod rockers The High Numbers fail their audition with the EMI label, but within a year will find success on Brunswick Records as The Who.
    1964 – The US performed an underground nuclear test in Hattiesburg, MS.
    1965 - The Kingston Trio guest star as themselves on tonight's "The Duel" episode of NBC-TV's WWII drama “Combat”.
    1965 - The temperature soared to 104 degrees at San Diego, CA. Southern California was in the midst of a late October heat wave that year. Los Angeles had ten consecutive days with afternoon highs reaching 100 degrees.
    1965 – Rolling Stones released "Get Off My Cloud" in the U.K.
      1966 - The Beach Boys' "Good Vibrations" made its debut on the US singles chart. It was a song that Brian Wilson and Mike Love wrote and Brian spent six months working on. The tracks were recorded in seventeen different sessions in four Los Angeles studios, at a cost of over sixteen thousand dollars. The recording engineer would later say that the last take sounded exactly like the first, six months earlier. The record would reach number one on December 10, 1966, and be nominated for Song of the Year at The Grammy Awards, but lost to "Winchester Cathedral" by The New Vaudeville Band.
    1967 – Hall of Famer Joe DiMaggio is hired by Oakland A’s owner Charlie Finley as EVP.  The sight of Joe D in wedding gown white, gold, and green is still a vision that haunts. 
    1969 - Led Zeppelin II is released.
    1970 - Top Hits
“I'll Be There” - The Jackson 5
“Green-Eyed Lady” - Sugarloaf
“All Right Now” - Free
“Sunday Morning Coming Down” - Johnny Cash
    1971 - Folk singer Joan Baez received a gold record for her hit, "The Night They Drove Old Dixie Down". It turned out to be her biggest hit, peaking at #3 on the charts (October 2, 1971).
    1972 - The A's win their first championship in 42 years as they defeat the Reds 3-2 in Game 7 of the Fall Classic. World Series MVP Gene Tenace, who had only hit five home runs in the regular season, connects for four round trippers in the seven games against Cincinnati.
    1973 – The UN Security Council Resolution 338 imposes a cease fire on the Yom Kippur War between Israel and the Arab countries.
    1973 – Ichiro was born in Kasugai, Japan.  Before playing in the Majors, Ichiro played nine years in Japan's Pacific League. After the 2000 season, Ichiro became Seattle Mariners' right fielder. The first Japanese-born position player to be signed to the Majors, Ichiro led the American league in batting average and stolen bases en route to being named AL Rookie of the Year and AL MVP.  He is a ten-time All-Star and won the 2007 All-Star MVP for a three-hit performance that included the event's first-ever inside-the-park HR. Ichiro won a Gold Glove in each of his first ten years in the major leagues, and has had seven hitting streaks of 20 or more games.  In 2010, he became the first player in Major League history to reach the 200 hit mark for 10 consecutive seasons. This feat also tied him with Pete Rose for the most career seasons of 200+ hits, and he surpassed Ty Cobb for most career seasons of 200+ hits in the AL.  Over his entire baseball career in Japan and the US, Ichiro has amassed over 4,000 hits, over 2,800 of which are in MLB.  Currently a free agent after several years with the New York Yankees, Ichiro’s future in MLB is uncertain.
     1974 - Two very well-known outfielders are traded for one another as the Giants send Bobby Bonds to the Yankees for Bobby Murcer. Considered to be the biggest one-for one trade in baseball history, the swap of the next 'Willie Mays' (Bonds) for the next 'Mickey Mantle (Murcer) marks the first time two $600,000 players have been exchanged.
    1975 - The World Football League, a 10-team enterprise struggling through its second season, suspended operations and disbanded prior to the 12th week of a 20-week schedule.
    1975 - Cincinnati Reds manager Sparky Anderson said, “We were the best team in baseball, but not by much.” The World Series featured five one-run victories, two in extra innings and three on game-ending hits. In six of the seven victories, the winner trailed; four times the winning run came in the final inning. And 13 times, the score was either tied or the lead reversed. The memorable Game 6 is considered by many to be the greatest World Series game ever and saw the Red Sox’ Carlton Fisk win it in the 12th inning with a walk-off HR off the Reds’ Pat Darcy.  And in game 7, played this day, a ninth-inning RBI single by Joe Morgan gave the Reds a 4-3 victory over the Boston Red Sox and the title. It was the first title for the Reds in 35 years.
    1976 – Golden State Warriors’ Rick Barry begins his record of 60 consecutive free throws.
    1976 – Keith Moon’s last performance with The Who.
    1978 - Top Hits
“Kiss You All Over” - Exile
“Hot Child in the City” - Nick Gilder
“Reminiscing” - Little River Band
“Tear Time” - Dave and Sugar
    1979 – The 100-millionth guest visits Walt Disney World.
    1981 – US national debt passes $ 1 trillion.
    1981 – After going out on strike in defiance of President Reagan’s warning not to do so and seeing its members fired as a result, the Professional Air Traffic Controllers Organization decertified by the United States Federal Labor Relations Authority.
     1985 - A guest on the top floor of a hotel in Seattle, WA, was seriously injured while talking on the phone when lightning struck. Several persons are killed each year when the electrical charge from a lightning bolt travels via telephone wiring.
    1985 – The Kansas City Royals gain their first World Series victory on the strength of pitcher Bret Saberhagen’s brilliant 6-1 win over the St. Louis Cardinals who had swept the first two games of the Series.  Saberhagen flashed messages on the television screen to his pregnant wife who was due to give birth any day.
    1986 - U.S. President Ronald Reagan signed the Tax Reform Act of 1986, but wrote his last name first. The signing, however, remains legal.
    1986 - Jane Dornnacker, WNBC-AM NYC helicopter traffic reporter, dies doing a live traffic report as her copter crashes.
    1986 - Top Hits
“When I Think of You” - Janet Jackson
“Typical Male” - Tina Turner
“True Colors” - Cyndi Lauper
“Just Another Love” - Tanya Tucker
    1987 - Yakutat, AK, surpassed their previous all-time yearly precipitation total of 190 inches. Monthly records were set in June with 17 inches, in September with 70 inches, and in October with more than 40 inches. Twenty-two cities in the eastern U.S., most of them in the southeast states, reported record low temperatures for the date. Morning lows of 30 degrees at Athens, GA, 28 degrees at Birmingham, AL, and 23 degrees at Pinson, AL, were the coldest of record for so early in the season. (The National Weather Summary) Showers produced heavy rain in southern California, with amounts ranging up to five inches at Blue Jay. Flash flooding resulted in two deaths, ten injuries, and more than a million dollars damage.
    1988 - Phil Collins' remake of The Mindbenders' "Groovy Kind of Love" was the number one U.S. single. It was parked at the peak of the pops for two weeks.
    1988 - Elton John sells out his upcoming show at Madison Square Garden, setting a venue record with 26 straight Elton sellouts.
    1988 - A "nor'easter" swept across the coast of New England. Winds gusted to 75 mph, and large waves and high tides caused extensive shoreline flooding. A heavy wet snow blanketed much of eastern New York State, with a foot of snow reported in Lewis County
    1991 - General Motors announces nine month loss of $2.2 billion. This was big news then, but nothing compared to the staggering losses of Enron, Worldcom, and others since including GM just before it declared bankruptcy in 2009.
    1992 - Members of Boyz II Men receive awards for having the longest running #1 song of the rock era. "End of the Road" broke Elvis' record of 11 weeks, previously held by "Don't Be Cruel/Hound Dog".
    1993 - Top Hits
“Dreamlover” - Mariah Carey
“Just Kickin It” - Xscape
“I’d Do Anything For Love (But I Won’t Do That)” - Meat Loaf
“All That She Wants” - Ace Of Base
    1996 - Microsoft launched Expedia, an online travel service, on this day in 1996. The service allowed travelers to find the lowest listed airfares and make plane and hotel reservations. The company hoped to take advantage of the estimated $3 billion in online ticket sales expected to be spent yearly by 1999.
    1996 - Apple announces that The Beatles have sold an unprecedented 19 million albums this year as a result of the “Anthology” juggernaut, with 41% of those sales, according to polls, going to fans who weren't even born when the group broke up.
    1997 - Compaq testifies that Microsoft threatened to break its Windows 95 agreement if they showcased a Netscape icon.
     1998 - Bob Dylan played in his hometown of Duluth, Minnesota for the first time since the '60s. The show sold out in just five hours. 
    2000 - In Game 2, the Yankees extend their World Series winning streak to 14 consecutive games defeating the Mets, 6-5 in a game which is overshadowed by Roger Clemens throwing the barrel of a shattered bat at Mike Piazza as the Met catcher runs to first. The eagerly awaited at bat, due to the Rocket's beaning of the Mets' superstar in July, results in the two players confronting one another and the emptying of both benches.
    2002 - Giant P.A. announcer Rene Brooks-Moon became the first woman to announce a World Series. Her scorecard from Game 4 was sent the Hall of Fame.
    2000 - George Michael pays almost three million dollars for John Lennon's famous upright Steinway piano, on which the ex-Beatle wrote the international anthem "Imagine." Michael issued a statement saying, in part, "I know that when my fingers touch the keys of that Steinway, I will feel truly blessed."
    2002 - Top Hits
“Dilemma” - Nelly Featuring Kelly Rowland
“Gangsta Lovin'” - Eve Featuring Alicia Keys
“Ruff Ryders” | ALBUM CUT | Interscope
“A Moment Like This” - Kelly Clarkson
“Hey Ma - Cam'ron” Featuring Juelz Santana, Freekey Zekey and Toya
    2005 - ABBA's 1974 hit "Waterloo" is voted the best song in the history of the Eurovision Song Contest, decided by voters from 81 countries during a ceremony to mark the famous European event's 50th anniversary.
    2006 - The Spiezios become the first father-and-son combination in baseball history to have appeared in a World Series game as players for the same franchise. Scott, the Cardinals' current second baseman, and his father, Ed, a third baseman for the club in the 1967 and '68, both played (and won) in the Fall Classic with St. Louis.
    2011 - In the Cardinals' 16-7 rout of the Rangers in Game 3 of the Fall Classic, Albert Pujols hits three home runs homers, drives in six runs and collects five hits, all equaling World Series records. 'Prince Albert', who also set a Series mark with 14 total bases, connects on fastballs from three different Texas pitchers, joining Babe Ruth and Reggie Jackson for the most round-tippers in a World Series game.
    2011 - The U.S. is granted permission by North Korea to search for remains of American soldiers killed during the Korean War
     2012 - Lance Armstrong is banned for life from participating in International Cycling Union-sanctioned events and stripped of his seven Tour de France titles based on the findings of a systematic doping investigation.
     2013 - The iPad Air and Mavericks, the latest version of the OS X, is introduced by Apple.
    2013 -  Tim Lincecum agrees to a two-year $35 million deal to stay with the Giants. The 29 year-old fan favorite, a two-time Cy Young winner who pitched a no-hitter this year, has a 4.76 ERA over his last two seasons with San Francisco. 

World Series Champions This Date
    1972 - Oakland Athletics
    1975 - Cincinnati Reds

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    Reports Equipment Leasing and Finance Association
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    Moving to Tempe, Arizona
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   in California as Two Bills Move Along in the Process
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   Goodbye “Lease Consultant” Title
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    A Disturbing New Trend in Fraud
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    Selected by Finance & Commerce
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   Menkin has an Epiphany
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