NACLB 2018 Annual Conference Report
Trump National Doral Resort

By Shervin Rashti, CLFP

TRUMP® NATIONAL DORAL MIAMI
Miami, Florida 33178

"Make Loan Brokers Great Again"

The fourth annual National Alliance of Commercial Loan Brokers (NACLB) Conference at the Trump National Doral Resort in Miami proved to be a great success with over 900 attendees. The event launched with the first annual golf tournament with over 80 golfers hitting the links at the Red Tiger Course at the resort. Next was the opening reception where an enthusiastic group of brokers, lenders and service providers arrived ready to meet new contacts and reconnect with familiar faces.

President and CEO of the NACLB, Kris Roglieri kicked off the General Session with welcoming remarks where he stated the mission of the NACLB: “To bring people together from different sectors of finance to foster deal making.” his idea was to create a venue to help foster the success of his broker training program graduates, for which he launched this conference 4 years ago, where 156 registrants gathered to visit 28 exhibitors at the Red Rock Hotel and Casino in Las Vegas. Over the next two conferences, he realized that there is a need to offer diversified loan brokers more tools to fuel that success. Kris noted that responsiveness to change is a guiding principal that keeps them in line with their mission. In theme with the venue ownership (Trump Resort), Kris borrowed a slogan in saying that they are looking to, “Make Loan Brokers Great Again.”

With over 100 exhibitors to visit with in the expo hall, there was certainly a lot of hand-shaking, sharing of information, ideas and deals. There were several concurrent sessions that were duplicated on both days, to allow attendees the opportunity to partake in conflicting sessions. These sessions included speakers on topics ranging from Lead Generation, Real Estate Lending, SBA Lending, Asset Based Lending, Networking and the session that I was on the panel for, Equipment Leasing.  The Equipment Leasing 101 Session that I was joined by panelists from Utica LeaseCo and Paradigm Equipment Finance was well attended with a passionate group that came with good questions followed up by deal previews.

Joseph Bonanno, CLFP, Esq.

The Keynote Speaker was presented by a long-time attorney and expert witness to the equipment leasing industry, Joseph Bonanno, CLFP. After having been diagnosed and treated with eye cancer, Mr. Bonanno’s changed perspective on the world made his theme predicated upon how he now sees things. He discussed how networking really involved, “The need to establish relationships in lieu of technology.” With this statement, Mr. Bonanno further elaborated that the Fintech era has brought many efficiencies to the industry, but the art of communicating by phone or in person still continues to bring a level of effectiveness that is unmatched with impersonal technology. With respect to integrity and protecting reputation, he stated, “Do what is hard to do in order to do what is right.” He continued that sometimes making a tough decision, which may result in losing a deal, in order to do what might be in the best interest of the lender, client or any other parties involved. With a very direct metaphor to his current loss of site in one eye, he was quoted as saying, “Learn how to see and not just look.” Digging deeper into understanding what is in front of you results in greater understanding of deals, the industry and future growth.

The second evening concluded with a 70 player outdoor Poker Tournament that was filled with laughs, high-fives and a fair share of bluffing to get to the Last Person Standing prize of $2,500 that went to
Kevin Donahue, CEO of Ironwood Finance.

There were several other opportunities to network in breakfast and cocktail receptions, as well as two full days of expo hall time to meet and learn more about the various exhibitors at the conference. As a first time attendee, exhibitor, sponsor and speaker at this conference, I can say that I was pleasantly surprised to see that the conference had a dynamic aspect to it that made it unique in offering more than just one or two flavors of lending. The diverse array of lending options that the brokers are being exposed to really enables them to offer a better solution to fit their client’s needs. In speaking with Kris, he recognized that the industry has defaulted to the quick cash products that are prevalent in today’s environment, but there are diverse other solutions that can be the right solution for clients in need of capital for their businesses.

Overall, this was a well-attended, organized and valuable event for virtually all players in the business finance space. Although they have not yet announced next year’s date and venue, rest assured, SLIM Capital will be in attendance!

Shervin Rashti is CEO of SLIM Capital, LLC, as direct lender in the equipment finance.

Shervin Rashti, CLFP
CEO
SLIM Capital, LLC
Shervin@slimcapital.com
www.slimcapital.com

 

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NJ Legislation Advances Requiring Truth in Lending
Type Disclosures for Small Business Loans and MCAs

By Robert L. Hornby, Esq.
Chair, Equipment Leasing & Finance
CSG Attorneys at Law

MCA’s in Crosshair of this Bill
Banks, Equipment Finance/Leasing Companies/Factors Excluded

On the heels of California’s first-in-the-nation legislation signed into law by Governor Jerry Brown on August 31, 2018, the New Jersey Senate Commerce Committee recently considered, amended and voted to advance out of committee a bill that would mandate certain “lenders” make specific disclosures to recipients of small business loans.  New Jersey Senate Bill S2262 seeks to regulate “non-bank lenders,” including “online marketplace lenders,” by incorporating certain disclosure provisions of the federal Truth in Lending Act (“TILA”) in the context of “small business loans” made in New Jersey.  The stated purpose of the bill is to “plac[e] TILA disclosure requirements on any bank or other entity providing a small business loan in an amount of $100,000 or less to a business located in this State.” (emphasis added). Despite the breadth of this pronouncement, last minute amendments from the Commerce Committee significantly curtailed the reach of the legislation.  In its current form, S2262 is a scaled down version of California’s law, imposing TILA requirements for small business loans including merchant cash advances (“MCAs”), but excluding banks, equipment finance/leasing companies and factors.

The application of S2262 is presently a moving target.  The original bill was intended to apply to “any bank or other entity” that provided small business loans below $100,000.  However, the Commerce Committee altered the language to narrow the scope of the legislation to exclude (i) banks and (ii) commercial equipment leasing and loan financing agreements entered into pursuant to Article 9 and 2A or the Uniform Commercial Code.  Moreover, unlike California’s SB1235, the bill omits any reference to factoring. If these exclusions remain in the final legislation, the law would obviously have very little application to the equipment finance/leasing industry and the factoring industry.       

The Commerce Committee seeks to ensure that MCAs would be subject to the legislation.  In this regard, the Committee amendments define “small business loan” to expressly include “a merchant cash advance, and a working capital loan provided by a payment processor.”  The term "working capital loan" means a loan used to “finance daily business operations,” and “payment processer” is “any person who acts as a payment processor to facilitate the purchase of, or payment of a bill for, a good or service through a clearance and settlement system by agreement with a creditor or seller.”

This leaves little doubt that MCAs are directly in the cross-hairs of this legislation.  While "merchant cash advance" is, in turn, defined in the bill as “a financing option that allows an entity to sell a portion of its future sales in exchange for an immediate payment,” the classification of MCAs as “small business loans” is highly problematic.  The bill is susceptible to being read as characterizing MCAs as a type of “loan” in New Jersey, which could have far reaching implication beyond the bill (e.g. usury) under New Jersey law. 

The disclosure requirements contained in the original text of S2262 required a covered entity to disclose: (i) the annual percentage rate; (ii) the interest rate (expressed yearly); (iii) the finance charge (including interest, transaction fees, origination fees, and any third party fees); (iv) the amount finance for a term loan and borrowing limits for a revolving credit loan for a term loan; (v) the payment schedule; (vi) the minimum payment; and (vii) any broker fee agreements and the nature of the relationship. Again, however, the Commerce Committee amended these disclosures, deleting the requirement for disclosing the annual percentage rate while including the second “interest rate” disclosure expressed yearly.  This apparent confusion, which was discussed during the Commerce Committee hearing, will hopefully be clarified prior to passage of the final bill.  Notably, the required disclosures, once they are ultimately defined, must be made at the time that the small business loan is offered and prior to the small business acceptance of the loan.

S2262 would also impose upon covered entities an ongoing duty to anticipate events under the conditions and terms of the loan documents and to provide advance notice of any changes.

Specifically, S2262 requires that covered entities “notify a small business concern at least 45 days before the effective date of any increase in the annual percentage rate of the loan and any other change that significantly affects the responsibilities or obligations of the small business concern under the loan.”  Obviously this provision would be implicated by a floating rate loan, but the broad language contemplates that any other triggering event that would “significantly affect” responsibilities or obligations of the small business under the loan would also be implicated.

Certainly, without more guidance, this provision could prove difficult for a covered entity to implement and could raise compliance concerns.    

S2262 states that any entity violating the bill’s provisions “shall be subject to the penalties” set forth in the Small Business Loan Act, N.J.S.A. 17:9A-59.37.  The penalties identified in that provision of the Small Business Loan Act include the forfeiture of “the entire finance charge made on such loan,” and the ability for the borrower to assert a right of action to recover “twice the amount of the finance charge made by the bank on such loan.”

As it currently stands, the final form of S2262 is still unknown.  The Commerce Committee made significant amendments to S2262, but it also made clear that the bill was a work-in-progress and that the Committee amendments were hastily agreed to at the last minute.  Indeed, prior to the vote, the Committee chair noted that the goal of the Committee was simply to move the bill forward and that the sponsor of the legislation, who had only recently met with the interested parties in the relevant industries, would continue to “work on it.”  While banks, equipment finance/leasing companies and factors have all been excluded from the most recent draft from committee, the bill is far from being passed into law.  It is evident that the focus of the legislation has shifted toward regulating online lending, working capital loans and MCAs rather than broadly applying to all small business loans.

Senate Bill 2262 with Amendments  (3) Pages
http://leasingnews.org/PDF/nj_bill2018.pdf

ROBERT L. HORNBY
Chair, Equipment Leasing & Finance
Chiesa, Shahinian & Giantomasi, PC
973.530.2032
973.530.2232 fax
rhornby@csglaw.com
Chiesa Shahinian & Giantomasi PC
One Boland Drive | West Orange, NJ 07052
11 Times Square, 31st Floor | New York, NY 10036

An experienced litigator, Robert Hornby represents national and regional banks and finance companies in all aspects of equipment leasing, asset based lending and civil litigation in New York and New Jersey state and federal courts. He regularly counsels clients on a wide range of matters unique to the equipment finance and leasing industry, from drafting master documentation to the enforcement of lessors’ and secured creditors’ rights.

He received his law degree cum laude from Seton Hall University School of Law, and his undergraduate degree cum laude from the University of Arizona. He served as a Judicial Law Clerk for the Honorable David S. Baime, PJAD (ret.) in the New Jersey Appellate Division.

 

 

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Second Bank Joins OnDeck ODX New Company
PDC, Operating 19 States, 2,459 Branches

Last week, OnDeck (NYSE: ONDK) introduced ODX, a new company that will focus on helping banks digitize their small business lending process.  ODX will operate as a wholly-owned subsidiary of OnDeck. The ODX-powered bank platform experience can enable a small business customer to apply for financing from their bank digitally, receive immediate decisions, and obtain funding in as fast as 24 hours.

ODX offers a combination of software, analytic insights, and professional services to help banks reinvent their small business lending process.  At the core of the ODX solution is a modular, scalable, and reliable SaaS platform that enables banks to either create a fully end-to-end digital experience for their customers or to select certain components for specific product functions.  By utilizing an ODX platform, banks can focus on their desired business outcomes such as improved customer experiences, increased portfolio growth, and reduced processing costs.

The first bank to partner was JPMorgan Chase.  This week, PNC (NYSE: PNC), headquartered Pittsburgh, Pennsylvania, became the second to join.

The latest bank to join the program is PNC, but with a different program than JP Morgan Chase.  PNC will be offering an unsecured line of credit, not a term loan. Second, PNC will be offering this to existing as well as prospective clients.

Lakhbir Lamba,  EVP, Retail Lending, APM, ART at PNC Bank commented, “Our relationship with OnDeck is PNC’s first opportunity to leverage the services of a fintech company in a platform– as-a-service model that will make it easier for businesses to borrow from us in order to support their growth.”

Mathew Steenson
EVP, Head of Business Banking at PNC

This agreement with OnDeck demonstrates PNC’s commitment to small and medium-sized businesses, according to Matthew Steenson, head of PNC Bank’s business banking unit.
“Small and medium-sized businesses are the backbone of the U.S. economy. Through PNC’s Digital Small Business Lending, we intend to create a seamless, customer-centric small business lending experience,” Steenson said.

Noah Breslow, OnDeck CEO, said, "OnDeck is pleased to work with PNC to provide online lending to small and medium-sized businesses, offering ever greater efficiency and service.

“Our ODX platform service helps banks such as PNC offer swift and secure loans that grant their small business customers access to funds that will enable them to grow.”

When the platform is fully implemented during the first half of 2019, Breslow said, "Customers and prospective customers will be able to complete an application in as few as five minutes using desktop or mobile devices and, if approved, may receive funding of up to $100,000 within one to three business days. Applicants also may call at any point in the process to speak with a dedicated funding advisor.

"As part of the origination process, ODX will collect and process both applicant and business information and instantly access a variety of third-party data sources to gather credit and security information."

About OnDeck
OnDeck (NYSE: ONDK) is the proven leader in transparent and responsible online lending to small business. Founded in 2006, the company pioneered the use of data analytics and digital technology to make real-time lending decisions and deliver capital rapidly to small businesses online. Today, OnDeck offers a wide range of term loans and lines of credit customized for the needs of small business owners.  The company also offers bank clients a comprehensive technology and services platform that facilitates online lending to small business customers through ODX, a wholly-owned subsidiary. OnDeck has provided over $10 billion in loans to customers in 700 different industries across the United States, Canada and Australia. The company has an A+ rating with the Better Business Bureau and is rated 5 stars by Trustpilot. For more information, visit www.ondeck.com

 

 

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Sales Makes it Happen by Scott Wheeler, CLFP

Build Your Sales

Successful originators in the commercial equipment leasing and finance industry develop a flow of business. They never start their day with a blank slate.

A three year, hard-working, yet struggling originator described his business as:

• Start from scratch
• Find a deal
• Work a deal
• Fund a deal
• Repeat

The above description is not a formula for success in the industry. Top originators interact with their network of vendors and end-users. They develop a flow of business. They leverage every relationship to build a larger network of potential clients. They are constantly asking for referrals from the deals that they work to create new opportunities. Top originators are multi-dimensional and capable of working their current transactions while creating new opportunities every day.

I recently challenged an originator to revisit every transaction that he had funded in the last quarter with one purpose: to leverage each funded transaction into a potential of three to five new leads for future business. Yes, go back and ask for referrals. Yes, go back and connect the dots. Yes, go back and dissect each transaction and find commonality and new potential customers that share these same attributes. Yes, develop a stronger network. 

Successful originators don't need to start from scratch each quarter, month, week, or day. Successful originators build upon their past experiences, relationships, successes, and failures. They have a solid foundation of knowledge which is constantly being enhanced by new building blocks, new experiences, and new relationships. Successful originators are creators - they develop new business and better networks with every call, meeting, and funded transaction.

BUILD YOUR SALES

Order via Amazon: https://www.createspace.com/5355516 

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

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

 

Equipment Leasing & Finance Industry Confidence Slides
ELFF Reports October 63.2 decreased from September 65.5

The Equipment Leasing and Finance Foundation Monthly Confidence Index has seen a bumpy and down slide since the beginning of the year, as evidenced by the chart above.

Perhaps the Survey Demographics used by ELFF gives the answer:

Market Segment
Bank 73%
Captive 7.6%
Financial Services 0%
Independent 15.3%
Other  3.8%

Market Segments Based on Transaction Size
of New Business Volume
Large-Ticket (New Business Volume Avg. Transaction Size
Over $5 Million) 23%
Middle-Ticket (New Business Volume Avg. Transaction Size of $250,000 – $5 Million) 50%
Small-Ticket (New Business Volume Avg. Transaction Size of
$25,000 – $249,999) 27%
Micro-Ticket (New Business Volume Avg. Transaction Less Than $25,000) 0.00%

Organization Size
Under $50 Million 7.6%
$50 Million – $250 Million 7.6%
$250 Million – $1 Billion 30.7%
Over $1 Billion 53.8%

Full Report:
https://www.leasefoundation.org/industry-resources/monthly-confidence-index/

 

 

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CLFP 2018 October Circular
Photos CLFP Day, New CLFP's

- Marci Slagle, CLFP President, message of foundation growth
 and what to look forward to.

- Benefits of Leasing: Finance Lease vrs. Operating Lease

- Spotlight on Eric Bunnell, CLFP

- New CLFP Photos

http://leasingnews.org/PDF/clfp_circular102018.pdf

 

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Four Types of Interim Rent
By Christopher Menkin

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

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

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

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

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

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

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

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

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

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

In Leasing News Bulletin Complaints, most of the lessees are talked into the 90 day payment that it is less interest charge, which in reality what is done is the three monthly payments become the 90 day payment.  In this manner, the yield to the lessor is increased, meaning more profit in the manner computed as payments are in advance, not arrears. In addition, the interim rent is 89 day as in the Balboa – Shopko case.

Balboa Capital and Shopko Settle Their Much Litigated 
  $1 Million Dollar Plus perhaps $300,000 Attorney Fee Case
By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Oct2017/10_25.htm#balboa 

 

Labrador Retriever Mix
Westampton, New Jersey  Adopt a Dog

Star
ID #32006155
Female
Age: 10 years
Size: 62 lbs.

"Sweet Star is 10-plus-year-old, 62-pound Lab mix looking for a loving home where she can spend her golden years. Star seems good with other dogs and would be more comfortable with older children. Star is shy, obedient and mellow, she's a wonderful walker. Please consider making this little old lady a part of your family!

"Star is a member of the Save A Senior program. Because she is older than 10, she can be adopted at no cost -- the Friends of the Burlington County Animal Shelter will pay her adoption fee for an approved adopter.

"Star is currently in a foster home. To meet her, contact her foster dad at rjowles@gmail.com."

Burlington County Animal Shelter
35 Academy Drive
Westampton, New Jersey 08060

email: kdonnelly@co.burlington.nj.us
http://awos.petfinder.com/shelters/NJ148.html

 

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The 3rd Asia Pacific Leasing Summit 2018, taking place in Singapore on November 29-30, offers a platform for prominent leasing enterprises, equipment manufacturers, service providers, policymakers, and analysts, to discuss important developments in the Asia Pacific leasing industry, as well as share experiences and best practices in the market.

During the two-day summit, speakers and panelists will address a range of important topics, including the regulatory environment for leasing, the overall macroeconomic climate in Asia, market growth points, product models applicable for diverse vendor industries, financing, asset residual management, and the revolutionary effects of Fintech on the market.

The 3rd Asia Pacific Leasing Summit 2018 continues event organizer Duxes’ decade of engagement and support for the leasing industry, in Asia and around the world. Duxes leasing summits have been acclaimed by leading enterprises for their attention to detail, thorough coverage, and interactive format.

Professionals working in the leasing industry, and in related fields, are invited to attend.

Event Review/Previous Speakers/Previous Attendees
http://www.duxes-leasing.com/lease-ap/index.html

News Briefs----

CIT Reports Third Quarter Income $132 Million
  Completes Sale of European Railcar Leasing Business
http://cit.mediaroom.com/2018-10-23-CIT-Announces-Third-Quarter-2018-Results

GATX Reports Third Quarter $47 Million
  Compared to Third Quarter, 2017 $49 Million
http://ir.gatx.com/phoenix.zhtml?c=70051&p=irol-newsArticle&ID=2372928

Here’s How $260 Billion of Tariffs Are Biting
   Third-Quarter Profit
https://www.bloomberg.com/graphics/tariff-tracker/?srnd=premium

Harley-Davidson's weak U.S. sales,
  Tariff Cutting into Profits and Sales
https://www.bizjournals.com/milwaukee/news/2016/10/18/harley-davidsons-sales-earnings-fall-as-u-s-demand.html 

Xerox’s Q3 services and financing revenues drop 7.5%
  Looking for cash by offloading its leasing business?
https://www.verdict.co.uk/leasing-life/news/company-news/xerox-services-financing-revenue-drops/

Why Your Credit Score Could Soon Go Up
  UltraFICO Explained
http://fortune.com/2018/10/22/fair-isaac-fico-score-calculation/ 

Technology Is Opening New Doors
    For Banks' Finance Teams
https://www.forbes.com/sites/steveculp/2018/10/22/technology-is-opening-new-doors-for-banks-finance-teams/#7c3b3c48336c

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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/

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WHY BASEBALL WALTZES WITH LETTERS
   by Tim Peeler
A Faulkner sentence is an extra inning game, Simply and finally playing through its Will and exhaustion.
Third Base Coach signals are ee cummings poems-
Gimmicky, sure, but meaningful in their color 
When you break the code. 
The prisons play contests of Bukowski prose, 
Where a stolen base may be a literal image 
And everybody gambles nothing. 
Weird killers load the bases at a
Stephen King Little League field, the sequel,
A grand slam promise at the bank. 
Although Poe would never sit through nine, 
His words are a dark season in the cellar, 
A team leaving town and the death of a Beautiful groupie. 
Finally, Wolfe who wrote slugfest 
Double-headers played to million-footed 
Throngs, then flickered like so many other 
Stars never meant for extra innings.
-------------------
---  with the permission of the author, from his 
book of baseball poetry:
“Waiting for Godot's First Pitch”
    More Poems from Baseball 
available from Amazon or direct from the publisher at: www.mcfarlandpub.com

 

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Sports Briefs---

It’s time for radical Giants’ rebuild
https://nypost.com/2018/10/23/its-time-for-radical-giants-rebuild/

Jon Gruden would like you to trust the process
https://www.sbnation.com/nfl/2018/10/23/18011040/jon-gruden-raiders-trades-khalil-mack-amari-cooper-derek-carr-las-vegas

Raiders place Marshawn Lynch on IR,
    putting his football future in doubt
https://www.yahoo.com/sports/raiders-place-marshawn-lynch-ir-putting-foot

Report: Raiders Quarterback Derek Carr
   Has 'Fractured Relationship' With Teammates
https://www.yahoo.com/sports/report-raiders-quarterback-derek-carr-132617517.html

Grant Cohn: Cure for what ails 49ers
  is to sign Kaepernick Right Now
https://www.pressdemocrat.com/sports/8870993-181/grant-cohn-cure-for-what?artslide=1

Aaron Rodgers looks to shed brace before tough stretch
http://www.theredzone.org/Blog-Description/EntryId/73068/Aaron-Rodgers-looks-to-shed-brace-before-tough-stretch

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California Nuts Briefs---

Trump: California has lots of water,
    so why are the lawns so brown?
https://www.sfchronicle.com/politics/article/Trump-California-has-lots-of-water-so-why-are-13330819.php?src=hp_totn

Surfing prize money puts women, big waves in concert
https://www.sfchronicle.com/sports/jenkins/article/Surfing-prize-money-puts-women-big-waves-in-13330521.php

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“Gimme that Wine”

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

Paradise Ridge Winery takes first step
    to rebuild after 2017 Tubbs fire
https://www.pressdemocrat.com/business/8864187-181/paradise-ridge-winery-takes-first?artslide=1

Wine Stars: Jon Bon Jovi and Jesse Bongiovi
https://www.winespectator.com/webfeature/show/id/2018-New-York-Wine-Experience-Bon-Jovi-Hampton-Water-Rose

Walmart and Target are trying to capitalize
  on Trader Joe's 'Two-Buck Chuck' success
https://www.cnn.com/2018/10/23/business/wine-alcohol-walmart-target-kroger/index.html

Gallo won't pursue Acampo winery, local ag group says
https://www.lodinews.com/news/article_713ae8c6-d56c-11e8-88a3-573e8817fd1f.html

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

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

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

This Day in History

     1590 – John White, the governor of the second Roanoke Colony, returned to England after an unsuccessful search for the "lost" colonists.
    1742 - With the outbreak of war between Britain and Spain in 1740, the British authorities decided to capture the Spanish colony of Cartagena (today the nation of Columbia) in South America. Two colonies, Georgia and South Carolina, were involved in their own ‘war’ against Indian raids coming from Spanish Florida to aid in the Cartagena campaign. From the remaining 11 colonies, a huge regiment numbering almost 3,500 men was organized. It was known by several designations as the 61st Regiment of Foot, the American Regiment and probably most frequently as “Gooch’s Regiment” after Virginia’s Governor, William Gooch, who served as its colonel. Keeping with the regional composition of the regiment, the 1st Battalion was composed of men from New England, the 2nd from New Jersey and New York, the 3rd from Pennsylvania and Delaware and the 4th from Maryland, Virginia and North Carolina. Commanding a Virginia company in the 4th Battalion was Captain Lawrence Washington, older brother of George. The expedition proved an utter failure, due to incompetence in leadership and poor planning which had the men involved in a siege operation during the height of the malaria and yellow fever season. Only about 600 men survived the expedition. Perhaps the most lasting effect of the entire venture was when Lawrence Washington returned home he named his plantation “Mount Vernon” in honor of Admiral Edward Vernon, the British naval commander of the expedition. When Lawrence died in 1752 and George inherited the property he retained the name, which it still carries today.
    1755 - A British expedition against the French-held Fort Niagara in Canada ended in failure. British Governor William Shirley determined that this makeshift navy had been unable to prevent French reinforcement and resupply of the fort and decided to delay the planned attack on Niagara until 1756.
    1785 - A four-day rain swelled the Merrimack River in New Hampshire and Massachusetts to the greatest height of record, causing extensive damage to bridges and mills.
    1788 - Birthday of Sarah Josepha Hale (d. 1879), Newport, NH.  For 40 years, she co-edited the fashion and literary magazine “Godey's Lady's Book,” 150,000 circulation, which vigorously promoted women's causes, particularly college for women and women doctors.
    1839 - Birthday of Belva A. Lockwood (d. 1917), an educator, lawyer and advocate for women's rights, at Royalton, NY. In 1879, she was admitted to practice before the US Supreme Court—the first woman to do so. While practicing law at Washington, DC, she secured equal property rights for women. By adding amendments to statehood bills, Lockwood helped to provide voting rights for women in Oklahoma, New Mexico and Arizona. In 1884, she was the first woman formally nominated for the US presidency.  
    1861 - The first transcontinental telegraph line was placed in operation when Stephen Johnson Field, Chief Justice of California, sent a message to President Abraham Lincoln. On October 25, 1861, telegrams were exchanged between Mayor Fernando Wood of New York City and Mayor H.F. Teschemacher of San Francisco, CA. Rates during the first week were $1 a word between San Francisco and the Missouri River. Later, the rates were reduced: 10 words from San Francisco to New York City cost $6, and each additional word cost 75 cents. The obstacles to building the line over the sparsely populated and isolated western plains and mountains were huge. Wire and glass insulators had to be shipped by sea to San Francisco and carried eastward by horse-drawn wagons over the Sierra Nevada. Supplying the thousands of telegraph poles needed was an equally daunting challenge in the largely treeless Plains country, and these, too, had to be shipped from the western mountains. Indians also proved a problem. In the summer of 1861, a party of Sioux warriors cut part of the line that had been completed and took a long section of wire for making bracelets. Later, however, some of the Sioux wearing the telegraph-wire bracelets became sick, and a Sioux medicine man convinced them that the great spirit of the "talking wire" had avenged its desecration. Thereafter, the Sioux left the line alone, and the Western Union was able to connect the East and West Coasts of the nation much earlier than anyone had expected and a full eight years before the transcontinental railroad would be completed, thus spelling the end of the 18-month old Pony Express.
http://memory.loc.gov/ammem/today/oct24.html
    1861 - West Virginia seceded from Virginia. Residents of thirty-nine counties in western Virginia approved the formation of a new Unionist state in opposition to Virginia’s pro-slavery position. The accuracy of these election results has been questioned since Union troops were stationed at many of the polls to prevent Confederate sympathizers from voting. At the Constitutional Convention, which met in Wheeling from November, 1861 to February, 1862, delegates selected the counties for inclusion in the new state of West Virginia. From the initial list, most of the counties in the Shenandoah Valley were excluded due to their control by Confederate troops and a large number of local Confederate sympathizers. In the end, fifty counties were selected (all of present-day West Virginia's counties except Mineral, Grant, Lincoln, Summers, and Mingo, which were formed after statehood). The Baltimore and Ohio Railroad, which ran through the Eastern Panhandle, was extremely important for the economy and troop movements. Inclusion of these counties removed the entire railroad from the Confederacy.
    1871 – Chinese massacre of 1871.  Discrimination had been rising against the increasing number of Chinese immigrants living in California. A mob of around 500 white and mestizo persons entered Chinatown in Los Angeles and attacked, robbed, and murdered Chinese residents.  The mob gathered after hearing that a policeman had been shot and a rancher killed by Chinese.  An estimated 17 to 20 Chinese were hanged by the mob during the riot, but most had already been shot to death. At least one was mutilated, when someone cut off a finger to get his diamond ring. Ten men of the mob were prosecuted and eight were convicted of manslaughter in these deaths. The convictions were overturned on appeal due to technicalities.
    1878 - A hurricane produced widespread damage across North Carolina, Virginia, Maryland, New Jersey and Pennsylvania. At Philadelphia, the hurricane was the worst of record.
    1889 – The first rules for softball were adopted by the Mid-Winter Indoor Baseball League.
    1892 - Black workers strike in New Orleans, LA
    1897 – Louis Sockalexis (d. 1913) was born in Indian Island, ME.  “Chief” was the first American Indian players in Major League Baseball. He began spring training with the Cleveland Spiders in March, 1897 and made his debut in April. Newspapers nicknamed the team "Indians" due to the excitement over Sockalexis. For over three months, crowds flocked to see his spectacular fielding and hitting. Other "cranks" or fans, taunted him with jeers and racial epithets. Heavy drinking and an ankle injury put an end to his once-promising career. He was released to the minors in May of 1899.
    1901 – Anna Taylor becomes the first woman to go over Niagara Falls in a barrel.       
    1903 – G-Man Melvin Purvis (d. 1960) was born in Timmonsville, SC.  He is noted for leading the FBI manhunts that tracked such outlaws as Baby Face Nelson, Pretty Boy Floyd, and John Dillinger.  He received his law degree from the University of South Carolina and had a brief career as a lawyer. He joined the FBI in 1927 and headed several Division of Investigation offices. In 1932, he was placed in charge of the Chicago office by Bureau of Investigation Director Hoover. Purvis captured more public enemies than any other agent in FBI history, a record that still stands.  Ironically, on February 29, 1960, while at his home, Purvis died from a gunshot wound to the head fired from the pistol given to him by fellow agents when he resigned from the FBI. The FBI investigated his death and declared it a suicide, although the official coroner's report did not label the cause of death as such. A later investigation suggested that Purvis may have shot himself accidentally while trying to extract a bullet jammed in the pistol.
    1908 - Baseball's anthem, “Take Me Out to the Ballgame,” is introduced by Bill Murray. The song writing team of Albert Von Tilzer (music) and Jack Norworth (words), who created the immortal tune, had never seen a game. The story goes that Jack Norworth was riding a New York City subway train when he spotted a sign that said "Ballgame Today at the Polo Grounds." Some baseball-related lyrics popped into his head that were later set to some music by Albert Von Tilzer to become the well-known baseball song. It is one of the most widely sung songs in America.   Here is the most adopted 1927 version:
http://www.niehs.nih.gov/kids/lyrics/ballgame.htm
http://www.discoverynet.com/~ajsnead/alpcond/alpha_20/midi/ballgame.mid
    1914 - Birthday of alto sax player Jimmie Powell (d. 1994), New York City, NY.  In 1940-41, he played on two recording dates with Billie Holiday for Columbia.  In December 1944, he recorded with Billy Eckstine and His Orchestra.  In 1956, Powell was a member of the Dizzy Gillespie Big Band
    1915 - DALY, DANIEL JOSEPH, (Second Award) Medal of Honor.
Rank and organization: Gunnery Sergeant, U.S. Marine Corps. Born: Glen Cove, Long Island, N.Y., 11 November 1873. Accredited to: New York. Other Navy awards: Second Medal of Honor, Navy Cross. Citation: Serving with the 15th Company of Marines on 22 October 1915, G/Sgt. Daly was one of the company to leave Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position, which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak the marines, in 3 squads, advanced in 3 different directions, surprising and scattering the Cacos in all directions. G/Sgt. Daly fought with exceptional gallantry against heavy odds throughout this action.
    1915 - OSTERMANN, EDWARD ALBERT, Medal of Honor.
Rank and organization: First Lieutenant, U.S. Marine Corps, 15th Company of Marines (mounted). Place and date: Vicinity Fort Liberte, Haiti, 24 October 1915. Entered service at: Ohio. Born: 1883, Columbus, Ohio. Citation: In company with members of the 15th Company of Marines, all mounted, 1st Lt. Ostermann left Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October 1915, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position, which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak, 1st Lt. Ostermann, in command of 1 of the 3 squads which advanced in 3 different directions, led his men forward, surprising and scattering the Cacos, and aiding in the capture of Fort Dipitie.
    1915 - UPSHUR, WILLIAM PETERKIN, Medal of Honor.
Rank and organization: Captain, U.S. Marine Corps. Born: 28 October 1881, Richmond, Va. Appointed from: Virginia. Citation: In company with members of the 15th Company of Marines, all mounted, Capt. Upshur left Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October 1915, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak, Capt. Upshur, in command of one of the 3 squads which advanced in 3 different directions led his men forward, surprising and scattering the Cacos, and aiding in the capture of Fort Dipitie.
    1915 - Bob Kane (d. 1998), the American cartoonist best known for creating 'Batman,' was born in NYC.  In 1938, he started drawing adventure strips, ''Rusty and His Pals'' and ''Clip Carson,'' for National Comics. That same year, a comic-book hero called Superman appeared. Vincent Sullivan, the editor of National Comics, who also owned Superman, asked Mr. Kane and Bill Finger to come up with a Supercompetitor. They developed Batman on a single weekend. Kane was 18. 
    1920 - Bassist Wendell Marshall (d. 2002) born St. Louis, MO.  He played with Duke Ellington 1948-1955.
    1926 – Birthday of Y.A. (Yelberton Abraham) Tittle, Jr. (d. 2017) in Marshall, TX. A Pro Football Hall of Famer, Tittle played QB with the Baltimore Colts of the All-American Football League in 1948 before the team folded.  The San Francisco 49ers drafted him in 1951 and he was their QB until they traded him to the New York Giants in 1961 when Coach Red Hickey installed the shotgun offense that required a running QB.  During his time with the Niners, he became famous for his ‘Alley Oop’ passes to end R C Owens.  With the Giants, Tittle led them to three consecutive NFL title games, losing all three.  He threw 7 TD passes without an interception in 1962 against the Washington Redskins.  In 1963, he set an NFL record of 36 TD passes in a 14-game season that stood until Dan Marino broke it in 1984.  He was the first football player to appear on the cover of Sports Illustrated. UPI Player of the Year in 1957, 1962; AP Player of the Year 1963; 4-time NFL MVP, 1957, 1961-63.
    1927 - Surrealist poet Philip Lamantia (d. 2005) was born in San Francisco, California. Expelled from a junior high school for “intellectual delinquency,” who joined the Beat Generation Poet Movement in the early 1950’s.  Nancy Peters, his wife and literary editor, said of Lamantia, "He found in the narcotic night world a kind of modern counterpart to the gothic castle -- a zone of peril to be symbolically or existentially crossed." The poet spent time with native peoples in the United States and Mexico in the 1950s, participating in the peyote-eating rituals of the Washoe Indians of Nevada. In later life, he embraced Catholicism, the religion of his childhood, and wrote many poems on Catholic themes.
http://en.wikipedia.org/wiki/Philip_Lamantia
    1929 - Black Thursday.  After several weeks of a downward trend in stock prices, investors began panic selling. More than 13 million shares were dumped. Desperate attempts to support the market brought a brief rally. By December 1, stocks on the New York Stock Exchange had dropped in value by $26,000,000.  The day after the crash, Pres. Herbert Hoover said, "The fundamental business of the country...is on a sound and prosperous basis." In actuality, the Great Depression of the 1930's began.
On March 25, 1929, a mini crash occurred as investors started to sell stocks at a rapid pace, exposing the market's shaky foundation.   Two days later, National City Bank (today’s Citibank) provided $25 million in credit to stop the market's slide, bringing a temporary halt to the financial crisis. However, the American economy showed ominous signs of trouble. Steel production declined. Construction was sluggish. Automobile sales went down. Consumers were building up high debts because of easy credit…and this was before credit cards!  The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929.   The optimism and financial gains of the great bull market were shaken on September 18, 1929, when prices on the NYSE abruptly fell a few days after a well-publicized warning from financial expert Roger Babson that "a crash was coming." On September 20, the London Stock Exchange officially crashed when top British investors were jailed for fraud and forgery.   The London crash greatly weakened the optimism of American investment in markets overseas.  In the days leading up to the crash, the market was severely unstable. Periods of selling and high volumes were interspersed with brief periods of rising prices and recovery. Economist and author Jude Wanniski later correlated these swings with the prospects for passage of the Smoot-Hawley Tariff Act, which was then being debated in Congress.  On October 24 ("Black Thursday"), the market lost 11 percent of its value at the opening bell on very heavy trading. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included the heads of Morgan Bank, Chase National Bank, and National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf.  With the bankers' financial resources behind him, Whitney placed a bid to purchase a large block of shares in U.S. Steel at a price well above the current market. As traders watched, Whitney then placed similar bids on other "blue chip" stocks. This tactic was similar to one that ended the Panic of 1907. It succeeded in halting the slide. The Dow Jones Industrial Average recovered, closing with it down only 6.38 points for the day. But, unlike 1907, the respite was only temporary.  Over the weekend, the events were covered by the newspapers across the United States. On October 28, "Black Monday," more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 13%. On "Black Tuesday", October 29, 1929, about 16 million shares traded. The Dow lost an additional 30 points, or 12 percent, amid rumors that President Herbert Hoover would not veto the Smoot-Hawley.  The volume of stocks traded on October 29, 1929 was a record that was not broken for nearly 40 years.
    1930 – Early rock ‘n’ roll singer, The Big Bopper, was born J.P. Richardson (d. 1959) in Sabine Pass, TX.  He was with Buddy Holly and Ritchie Valens on the plane that crashed in Iowa, the Day the Music died, Feb 3, 1959.  His big hit was “Chantilly Lace.”
http://www.fiftiesweb.com/crash.htm
http://www.geocities.com/SunsetStrip/Stage/5867/mainpage.html
    1931 - The George Washington Bridge was opened, linking New York City with New Jersey. The bridge became a famous New York landmark and has been featured in many movies and TV shows. The toll to cross the bridge was to be temporary -- just to cover costs. But it costs and costs and costs when you have to keep repairing and painting a bridge that big so, the bridge toll continues. And the bridge is still being painted.  Current toll is $12.50 with EZ Pass, $15 cash.
    1931 - Alphonse Capone, better known as "Scarface," was convicted for income tax evasion and other charges.  In November 1931, Capone was sentenced to eleven years in federal prison, fined $50,000 plus $7,692 for court costs, and in addition was held liable for $215,000 plus interest due on his back taxes. After years of local and state alleged efforts to get this mobster, the feds were able to collect enough accounting information to sentence him. Capone, who ruled Chicago's illicit beer and liquor trade during Prohibition, had a crime organization netting him an estimated $100 million a year in the late 20's, little of which he declared to the government.
    1932 – Author Stephen Covey (d. 2012) was born in Salt Lake City.  His most popular book was “The Seven Habits of Highly Effective People.” His other books include “First Things First,” “Principle-Centered Leadership,” “The Seven Habits of Highly Effective Families,” “The 8th Habit,” “The Leader In Me — How Schools and Parents Around the World Are Inspiring Greatness, One Child at a Time.” He was a professor at the Jon M. Huntsman School of Business at Utah State University at the time of his death, July 16, 2012.
    1935 - Mike Riley-Eddie Farley record, "The Music Goes Round and Round," Decca, was released.
    1935 - Langston Hughes' “Mulatto” opens, the first Black-authored play to become a long-run Broadway hit.
    1935 – Major League Baseball Commissioner Kennesaw Mountain Landis fined umpire George Moriarty, Cubs manager Charlie Grimm and Chicago players English, Jurges and Herman for actions in World Series.  The Cubs were defeated by the Detroit Tigers 4 games to 2.
    1936 – Ozzie and Harriet’s oldest son, David (d. 2011), was born in NYC.  He was an accomplished actor, director, producer in his own right. 
    1936 - Bill Wyman, Rock musician with the Rolling Stones, was born in London, England.
    1938 - Birthday of sax player/composer Odean Pope, Ninety-Six, SC
http://www.odeanpope.com/
    1938 – Newly-approved child labor laws prohibit child labor in US factories.
    1939 - Women's nylon hosiery went on sale for the first time -- at Wilmington Dry Goods in Wilmington, DE. Why Wilmington? The DuPont Company, the inventor of nylon, is based there.
    1939 - Benny Goodman records "Let's Dance"
    1939 – Actor F. Murray Abraham was born in Pittsburgh.
    1940 - The 40-hour work week went into effect in the United States.
    1944 - McCAMPBELL, DAVID, Medal of Honor.
Rank and organization: Commander, U.S. Navy, Air Group 15. Place and date: First and second battles of the Philippine Sea, 19 June 1944. Entered service at: Florida. Born: 16 January 1910, Bessemer, Ala. Other Navy awards: Navy Cross, Silver Star, Legion of Merit, Distinguished Flying Cross with 2 Gold Stars, Air Medal. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commander, Air Group 15, during combat against enemy Japanese aerial forces in the first and second battles of the Philippine Sea. An inspiring leader, fighting boldly in the face of terrific odds, Comdr. McCampbell led his fighter planes against a force of 80 Japanese carrier-based aircraft bearing down on our fleet on 19 June 1944. Striking fiercely in valiant defense of our surface force, he personally destroyed 7 hostile planes during this single engagement in which the outnumbering attack force was utterly routed and virtually annihilated. During a major fleet engagement with the enemy on 24 October, Comdr. McCampbell, assisted by but l plane, intercepted and daringly attacked a formation of 60 hostile land-based craft approaching our forces. Fighting desperately but with superb skill against such overwhelming airpower, he shot down 9 Japanese planes and, completely disorganizing the enemy group, forced the remainder to abandon the attack before a single aircraft could reach the fleet. His great personal valor and indomitable spirit of aggression under extremely perilous combat conditions reflect the highest credit upon Comdr. McCampbell and the U.S. Naval Service. 
    1944 - O'KANE, RICHARD HETHERINGTON, Medal of Honor.
Rank and organization: Commander, U.S. Navy, commanding U.S.S. Tang. Place and date: Vicinity Philippine Islands, 23 and 24 October 1944. Entered service at: New Hampshire. Born: 2 February 1911, Dover, N.H. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of the U.S.S. Tang operating against 2 enemy Japanese convoys on 23 and 24 October 1944, during her fifth and last war patrol. Boldly maneuvering on the surface into the midst of a heavily escorted convoy, Comdr. O'Kane stood in the fusillade of bullets and shells from all directions to launch smashing hits on 3 tankers, coolly swung his ship to fire at a freighter and, in a split-second decision, shot out of the path of an onrushing transport, missing it by inches. Boxed in by blazing tankers, a freighter, transport, and several destroyers, he blasted 2 of the targets with his remaining torpedoes and, with pyrotechnics bursting on all sides, cleared the area. Twenty-four hours later, he again made contact with a heavily escorted convoy steaming to support the Leyte campaign with reinforcements and supplies and with crated planes piled high on each unit. In defiance of the enemy's relentless fire, he closed the concentration of ship and in quick succession sent 2 torpedoes each into the first and second transports and an adjacent tanker, finding his mark with each torpedo in a series of violent explosions at less than l,000-yard range. With ships bearing down from all sides, he charged the enemy at high speed, exploding the tanker in a burst of flame, smashing the transport dead in the water, and blasting the destroyer with a mighty roar which rocked the Tang from stem to stern. Expending his last 2 torpedoes into the remnants of a once powerful convoy before his own ship went down, Comdr. O'Kane, aided by his gallant command, achieved an illustrious record of heroism in combat, enhancing the finest traditions of the U.S. Naval Service. 
    1944 – Two Japanese warships, carrier Zuikaku and battleship Musashi, are sunk by US forces during the Battle of Leyte Gulf in the Philippines.
    1945 - The United Nations charter took effect on this day at the San Francisco Conference. 51 countries came together determined to save succeeding generations from the scourge of war; to reaffirm faith in human rights; to promote social progress and better standards of life; to practice tolerance and live together in peace and unite their strength to maintain international peace and security. Since 1971, by unanimous request of the U.N. General Assembly (the world's forum for discussing matters affecting world peace and security), this day has been observed throughout all UN member nations as a public holiday, United Nations Day.
(Lower half of: http://memory.loc.gov/ammem/today/oct24.html )
    1947 - The Bar Harbor holocaust occurred in Maine when forest fires consumed homes and a medical research institute. The fires claimed 17 lives, and caused $30 million damage.
    1947 – Walt Disney testifies before the House Un-American Activities Committee, naming Disney employees he believes to be Communists.
    1951 - Sacramento, CA, reported a barometric pressure of 29.42 inches, to establish a record for October
    1951 - The largest air battle of the Korean War occurs as 150 MiGs attack a formation of B-29s escorted by 55 F-84 Thunderjets. Four of the bombers were destroyed and three others seriously damaged and one F-84 was lost. Eight MiGs were destroyed (an additional two probably destroyed) and 10 others heavily damaged.
    1951 – Larry MacPhail suggested there should be four Major Leagues, including one located on the West Coast.
    1952 - Gen. Dwight D. Eisenhower, campaigning for President in Detroit, delivered his famous speech about Korea. He promised to go to Korea and seek “an early settlement to the war” if elected President. He was -- and he did.
    1956 - The first Presbyterian female minister, the Reverent Margaret Ellen Towner, was ordained in her home church in Syracuse, NY. She was appointed minister of Christian education of the First Presbytery Church, Allentown, PA. She had received a Bachelor of Divinity degree from Union Theological Seminary, New York City, in 1954.
    1956 - Top Hits
“Honky Tonk” (Parts 1 & 2) - Bill Doggett
“Love Me Tender” - Elvis Presley
“The Green Door” - Jim Lowe
“Hound Dog/Don't Be Cruel” - Elvis Presley
    1956 - Elvis receives his first letter from the local draft board concerning his draft status.
    1958 - One of my favorite mystery writers, Raymond Chandler, starts working on his last novel, “The Poodle Springs Story,” but he will die before completing it. Chandler was born in 1888 in Chicago. He was raised in England, where he went to college and worked as a freelance journalist for several newspapers. During World War I, Chandler served in the Royal Flying Corps. After the war, he moved to California, where he eventually became the director of several independent oil companies. He lost his job during the Depression and turned to writing to support himself at the age of 45. He published his first stories in the early 1930s in the pulp magazine “Black Mask” and published his first novel, “The Big Sleep,” in 1939. He published only seven novels, among them “Farewell My Lovely” (1946) and “The Long Goodbye” (1953), all featuring tough, cynical detective Philip Marlowe. William Faulkner wrote the screen version of “The Big Sleep,” which starred Humphrey Bogart as Philip Marlow. Chandler also wrote Hollywood screenplays in the 1940s and early 50s, including “Double Indemnity” (1949) and “Strangers on a Train” (1951). He died in March 1959. “There was a desert wind blowing that night. It was one of those hot, dry, Santa Ana's that come down through the mountain passes and curl your hair and make your nerves jump and your skin itch. On nights like that, every booze party ends in a fight. Meek little wives feel the edge of the carving knife and study their husbands' necks. Anything can happen."  http://www.kirjasto.sci.fi/rchandle.htm
http://www.america.net/~davdmock/chandler.htm
http://www.bookreporter.com/authors/au-chandler-raymond.asp
http://www.usatoday.com/weather/wsanta.htm
http://www.britannica.com/eb/article?eu=114902&tocid=10134&query=seth%20carlo%20chandler
    1960 - Brenda Lee hit #1 for the second time in the year with "I Want to Be Wanted." 1960 was a very good year for the young (age 15) songstress. In addition to her first #1 smash, "I'm Sorry" (July 18), Lee had two other songs on the charts: "Sweet Nothin's" (#4, April 18) and "That's All You Gotta Do" (#6, July 4).
    1960 - Neil Sedaka records "Calendar Girl," which will reach #4 in the US early the following year.
    1960 - Frank Sinatra had the #1 LP on the US album chart with "Nice 'n' Easy."    
    1962 - James Brown's appearance at the Apollo Theatre in New York was recorded for a live album called "Live At the Apollo." The LP would go on to sell over a million copies and earn a reputation for being one of the finest concert albums ever made and was listed at #24 in Rolling Stone Magazine's 2003 list of the 500 greatest albums of all time. 
    1962 - The U.S. blockade of Cuba during the missile crisis officially began under a proclamation signed by President Kennedy. Atlantic Fleet begins quarantine operations by blockade to force Soviet Union to agree to remove ballistic missiles and long-range bombers from Cuba. On the day the quarantine was to take effect, the alignment of Soviet and free world nations continued to develop rapidly.
    1963 - Bob Dylan records "The Times They Are A-Changin'" and "One Too Many Mornings"
    1963 - The Beatles left Great Britain for their first tour outside of their homeland.
    1964 - Top Hits
“Do Wah Diddy Diddy” - Manfred Mann
“Last Kiss” - J. Frank Wilson & The Cavaliers
“We'll Sing in the Sunshine” - Gale Garnett
I Don't Care (Just as Long as You Love Me) - Buck Owens
    1964 - The Santa Barbara, CA Civic Center hosts the historic Teenage Music International Show (later known as TAMI), featuring Chuck Berry, The Supremes, The Beach Boys, James Brown, Marvin Gaye, The Rolling Stones, The Miracles, Jan and Dean, Lesley Gore, Gerry and the Pacemakers, and Billy J. Kramer and the Dakotas.
    1966 - The Yardbirds and Country Joe and the Fish appear at the San Francisco Fillmore.
    1968 - At the National Air and Space Administration, test pilot Bill Dana was at the controls of the North American X-15 rocket-propelled research aircraft when it made the 199th--and what turned out to be the final--flight of the X-15 program. He was flying the X-15-1, which had been the first of three aircraft to participate in a series of tests that spanned a decade and resulted in major advances for America's space flight program. In the course of that research, the X-15s spent 18 hours flying above Mach 1, 12 hours above Mach 2, nearly 9 hours above Mach 3, almost 6 hours above Mach 4, one hour above Mach 5 and a few short minutes above Mach 6. The X-15 was hailed by the scientific community as the most successful research aircraft of all time.
    1969 - Unseasonably cold air gripped the northeastern U.S. Lows of 10 degrees at Concord, NH, and 6 degrees at Albany, NY established October records
    1970 - President Richard Nixon appealed to radio broadcasters to screen songs with drug-related lyrics.
    1970 - Santana's LP Abraxas hits #1
    1972 - Top Hits
“My Ding-A-Ling” - Chuck Berry
“Burning Love” - Elvis Presley
“Nights in White Satin” - The Moody Blues
“Funny Face” - Donna Fargo
    1972 – Jackie Robinson died of heart disease at age 53.
    1973 - Art Garfunkel is awarded a gold album for his first solo L.P. "Angel Clare" which contains the hit, "All I Know." 
    1973 – The Yom Kippur War between Israel and the Arab states coalition ends.  The final settlement between the two sides is contained in the 1978 Camp David Accords, brokered by President Jimmy Carter, that allowed the return of the Sinai peninsula to the Arab coalition in exchange for the first peace-time recognition of Israel by an Arab country.
    1977 - The first jockey to win more than $5 million in purses in one year was Steve Cauthen of Kentucky, whose purses this day amounted to $5,009,692.
    1978 - The film version of “The Wiz,” an African-American remake of The Wizard of Oz starring Diana Ross and Michael Jackson, premieres in New York City.
    1979 – Yankees’ manager Billy Martin punched a marshmallow salesman, Joseph Cooper, at a hotel in Minneapolis. Owner George Steinbrenner fired him after that and replaced him with Dick Howser for the 1980 season.  Martin would return as manager for the 1983, 1985, and 1988 seasons, and was to be their manager for 1990, when he was killed in an automobile accident.   
    1980 - The British government presented Paul McCartney with a rhodium-plated medallion for being named "the best-selling songwriter and recording artist in history," by The Guinness Book of Records. Since 1962, McCartney wrote or co-wrote 43 million-selling songs and sold over 100 million records. 
    1980 - Top Hits
“Another One Bites the Dust” - Queen
“Woman in Love” - Barbra Streisand
“He's So Shy” - Pointer Sisters    
    1987 - Michael Jackson held the top spot on the Billboard singles chart with "Bad."
    1987 - Snow fell across northeast Minnesota and northwest Wisconsin overnight, with five inches reported at Poplar Lake, MN and Gunflint Trail, MN. Thunderstorm rains caused flash flooding in south central Arizona, with street flooding reported around Las Vegas, NV. Strong northwesterly winds gusting to 50 mph downed some trees and power lines in western Pennsylvania and the northern panhandle of West Virginia.
   1988 – Top Hits
“Groovy Kind of Love” - Phil Collins
“What's on Your Mind” (“Pure Energy”) - Information Society
“Wild, Wild West” - The Escape Club
“Gonna Take a Lot of River” - The Oak Ridge Boys
“I Believe in You” - Don Williams
   1988 - The John Fogerty vs. Fantasy Records case began. Fantasy claimed that Fogerty had plagiarized his own song "Run through the Jungle" when he wrote "The Old Man down the Road."   A jury found in favor of Fogerty, and he sought attorney's fees as provided by the Copyright Act of 1976. Multiple appeals found their way to the US Supreme Court that upheld the discretion of the courts regarding fees and reversed the lower courts’ ruling not to grant Fogerty his legal fees.  
    1989 - A storm in the western U.S. produced up to three feet of snow in the mountains around Lake Tahoe, with 21 inches reported at Donner Summit. Thunderstorms in northern California produced 3.36 inches of rain at Redding to establish a 24-hour record for October and bring their rainfall total for the month to a record 5.11 inches. Chiefly "Indian Summer" type weather prevailed across the rest of the nation. Fifteen cities in the north central U.S. reported record high temperatures for the date as readings soared into the 70s and 80s. Record highs included 74 degrees at International Falls, MN, and 86 degrees at Yankton, SD.
    1989 - The Rock and Roll Hall of Fame announces its 4th annual inductees: The Who, Simon and Garfunkel, The Kinks, The Platters, Hank Ballard, Bobby Darin, The Four Seasons, The Four Tops, the Holland-Dozier-Holland songwriting team, Carole King, and Gerry Goffin.
    1991 - The final frontier for Gene Roddenberry, writer, best known for the creation of “Star Trek.”  He died in Santa Monica.
    1992 - The Toronto Blue Jays defeated the Atlanta Braves, 4-2, in 11 innings in Game 6 to become the first non-US-based team to win the World Series. Forty-one-year-old Dave Winfield's 11th inning double is the key hit that scored the lead run in Toronto's victory.
    1994 – Greg Maddux of the Atlanta Braves became the first pitcher in Major League history to win three straight Cy Young Awards, unanimously sweeping the National League honor.
    1995 - The Mayor of New York City, Rudy Giuliani, declares today "Tony Bennett Day" in honor of the native singer. Later that night, Bennett celebrates with a gig at Radio City Music Hall.
    1996 - Berry Gordy is awarded a star on the Hollywood Walk of Fame at 7000 Hollywood Blvd.
    2000 – “El Duque” Orlando Hernandez (8-0, 1.90) loses his first postseason game as the Mets defeat the Yankees on a tie-breaking eight inning double by Benny Agbayani, 4-2. New York native John Franco gets the win ending the Yankees' record 14-game World Series winning streak.
    2000 - Roger Clemens is fined a reported $50,000 for throwing the jagged barrel of a shattered bat in the direction of Met catcher Mike Piazza in the first inning Game 2 of the World Series
    2001 - The cities of Detroit and Auburn Hills settled lawsuits with Dr. Dre. The lawsuits accused the cities of censorship by threatening to arrest him if he aired a sexually explicit video at a concert in July 2000.
    2002 - John Allen Muhammad (41), an Army veteran who recently converted to Islam, and John Lee Malvo (17), were arrested near Frederick, Maryland, in connection with the sniper shootings that left 10 dead and 3 wounded in the Washington, DC metro area. After his arrest, authorities also claimed that Muhammad admitted that he admired and modeled himself after Osama bin Laden and al-Qaeda, and approved of the September 11 attacks. One of Malvo's psychiatric witnesses testified in his trial that Muhammad had indoctrinated him into believing that the proceeds of the extortion attempt would be used to begin a new nation of only young, "pure" black people somewhere in Canada.  In 2003, a judge ruled that Malvo could be tried as an adult. Muhammad began to argue his own defense on Oct 20, but was sentenced to death and executed in 2009 in Virginia.
     2002 - In Game 5 of the World Series, the Giants annihilate the Angels 16-4 at Pac Bell. Jeff Kent leads the attack with two home runs and four RBIs and ties a Fall Classic record by scoring four times. Angels win World Series 4-3.
    2003 - The Concorde made its last commercial flight, landing at Heathrow Airport, London.
    2004 – Curt Schilling of the Red Sox became the first starting pitcher to win a World Series game for three different teams. In addition to his Game 2, 6-2, victory for the Red Sox over the Cardinals today, his 8-2 lifetime postseason record includes wins for the Phillies (1993) and Diamondbacks (2001).
    2005 – Civil rights activist Rosa Parks died.
    2005 - Hurricane Wilma reached the U.S. coastline near Everglades City in Florida with maximum sustained winds near 120 mph. The hurricane accelerated across south Florida and the Miami/Fort Lauderdale area, exiting the coast later the same day. There were 10 fatalities in Florida, and nearly 6 million people lost power, the most widespread power outage in Florida history. Preliminary estimates of insured losses in Florida were over $6 billion, while uninsured losses were over $12 billion.
    2007 - In a 13-1 rout of the Rockies, Red Sox second baseman Dustin Pedroia becomes the second player, and first rookie, to hit a leadoff home run in a World Series opener. The 24-year old freshman, the 31st Major Leaguer to homer in his first Fall Classic appearance, joins Orioles' outfielder Don Buford who went yard in 1969 as a leadoff batter in Game 1 off Tom Seaver of the Mets.
    2007 - Facebook Inc. sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from Google Inc.
    2008 – “Bloody Friday” saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices.
    2012 - In the Giants' 8-3 victory over the Tigers at AT&T Park, Pablo Sandoval becomes the fourth Major Leaguer to hit three home runs in a World Series game. The San Francisco third baseman, with first, third, and fifth inning round-trippers in the opening game of the Fall Classic, becomes the fourth Major Leaguer to accomplish the feat, joining Yankees outfielders Babe Ruth (1926, 28) and Reggie Jackson (1977) and Cardinals first baseman Albert Pujols (2011). Giants won the World Series 4-0 in 2012.
http://www.youtube.com/watch?v=tSIB7Fe7-zo&feature=player_embedded.
    2013 - The U.S. Ambassador is summoned by Germany over suspicions that the U.S. monitored the cell phone calls of German Chancellor Angela Merkel.  This was later confirmed.
    2017 – Albert Einstein’s "Theory of Happiness," written as a note for a bellboy instead of a tip in Tokyo in 1922 sells for $1.56 million:
"A calm and modest life brings more happiness than the pursuit of success combined with constant restlessness. “ 
World Series Champions:
    1992 - Toronto Blue Jays