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Monday, October 19, 2020


Today's Leasing News Headlines

2020 NVLA Annual Conference Goes Virtual
    By Edward P. Kaye, Esq.
Evergreen, Wintergreen, Partners Capital Group
    Now Formulating Existing Protocol
Top Ten Leasing News
    October 13 - October 15
Leasing Industry Ads
    ---Help Wanted
Channel Partners Sept. 2020: 20 Recent Transactions
    FICO/TIB/Annual Payments/Approved Amount/Use of Funds
Cameron Peak Fire Hits Fort Collins, Colorado
    with Heavy Smoke
First City Bank of Florida, Fort Walton Beach, Florida
    FDIC is the Receiver for Failed Bank
Decrease of 7.1 in September's Money Anxiety Index
    Created Increase in Retail Sales by 1.9 percent
Compensation in the Equipment Finance Industry
    Showed Modest Growth in 2019, According to ELFA Survey
2020 National Equipment Finance Association Virtual Annual
    Meeting and Chris Walker Memorial Member of the Year Award
ELFA Announces Jeffry D. Elliott To Receive
    2020 Distinguished Service Award
Shepherd
    Fort Collins, Colorado  Adopt-a-Dog
Ask a Leader
    ELFA Emerging Talent Advisory Council
News Briefs---
First Citizens Bank to Buy CIT Group
    in an all-stock deal valued at roughly $2.2 billion
U.S. reports highest number of new coronavirus cases
     since late July as total climbs above 8 million
US posts record $3,100,000,000,000
     budget deficit for 2020
Study: 8 million Americans have fallen
      into poverty since May
Portland has ‘sold out’ of homes: Number for sale drops to
     new low, prices rise 5.7% in bidding wars
Seven months in, coronavirus spreading unchecked
    in Missouri. ‘It destroys you,’ said one patient
49ers pour another $950K
    into Santa Clara City Council race
What makes Whataburger’s Fancy Ketchup so unique?
    Curious Texas grabs the fries

You May have Missed---
WheresMyBallot.sos.ca.gov
  Available to California Voters

(All California voters will be able to track when their ballot is mailed, received and counted through the Secretary of State’s office. Sign up at WheresMyBallot.sos.ca.gov, with the option to receive email and text updates about your ballot.)

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


  Sports Brief----
   California Nuts Brief---
    "Gimme that Wine"
     This Day in History
      SuDoku
       Daily Puzzle
        GasBuddy
         Weather, USA or specific area
          Traffic Live----

######## 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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(An excellent report on how virtual conferences work, as well as
information on the transportation industry and keynote
speakers view for professionals in the industry. Editor)

2020 NVLA Annual Conference Goes Virtual
By Edward P. Kaye, Esq.

BRIARCLIFF MANOR, NY – After postponing its scheduled annual 2020 conference last March in Austin, Texas, the National Vehicle Leasing Association (NVLA) held a two-day virtual event, “Wins of Change,” last week.  Clearly, there has been much change in 2020 and the automotive leasing industry is not immune.

Having never participated in a virtual conference, sitting in my home office in Westchester County, New York and logging onto the event in my new standard-wear sweatpants and tee shirt, the event far exceeded my expectations.  The virtual conference platform was intuitive and user friendly, the live streaming and audio was crystal clear, technical difficulties were minimal, and the conference speakers and panelists maintained my interest with timely and relevant industry topics throughout the conference, four-hours each day.  The only thing missing were the breakfast burritos!

As usual, the conference kicked off with welcoming remarks from the current NVLA president, Douglas Moore, the director of Leasing Competitive Edge, and master of ceremonies Charlie Vogelheim, a multifaceted automotive industry bon vivant.  For over 30 years, Vogelheim has been involved in the auto auction industry to most recently producing a Silicon Valley weekly radio show and podcast “The Flying Car.” 

After welcoming the attendees from their home offices with light hearted banter, they introduced the opening key note speaker, Matthew Daus, the former New York City Taxi and Limousine Commission Chair and General Counsel and current partner and chair of Windels Marx transportation practice speaking on The Future of Leasing in a Post COVID World.  Mr. Daus noted that the economic impact of COVId-19 will continue in our industries for a long time, and “the for- hire sector, including bus and coach, taxi, Uber and Lyft, will suffer the greatest impact.”

“Expect to see a surge of bankruptcies and merger and acquisitions next year when the (government) subsidies dry up,” Daus admonished the virtual attendees.  “Apart from freight and food delivery, I expect to see a lot of activity in 2021,” he added.  “It’s going to be a brave new world when it comes to transportation,” he added.  Electric vehicle leasing, short term rentals to meet surge requirements, app-based rideshare and delivery companies, and transportation data are some future opportunities and trends he suggests may guide the future of the vehicle leasing industry.

Charlie Vogelheim, Emcee, and Angela Armstrong, President and founder of the Prime Capital Group of companies and the current board chair of the Canadian Finance & Leasing Association.

Angela Armstrong, the President and founder of the Prime Capital Group of companies, a Canadian lessor, and the current board chair of the Canadian Finance & Leasing Association, presented, Women in Leasing: The Demographic Workforce Reality - Retention and Recruitment.  More than a history or update on women in leasing, this presentation’s main take away was the importance of diversity in the leasing world workplace. 

While women and minorities are substantially underrepresented in auto leasing, Ms. Armstrong endorses a gender- based positive disruption in the C-Suite, an acknowledgement of an industry wide unconscious bias, and establishing a youthful inclusive organization for building long term success, or risk getting left behind by the competition.

The second day keynote, Understand Hacking: Myths, Facts, and the Risks to Business Owners, was delivered by Eric Chuang, a 21-year recently retired FBI agent.  “The auto finance industry is the perfect storm for cyber-attacks,” he stated.  “Multiple parties, multiple transactions, overworked and often outsourced IT departments” are fertile ground for bad actors. 

According to Chuang’s presentation, a new organization is hit for ransomware every 14 seconds, the average payout is $8,100, the average cost to businesses for recovery after an attack is $284,000, and the average expense to experts to prevent cyberattacks is $5,000.

Interestingly, Chuang states that even if you are held up to pay ransom, the likelihood is your email was not compromised.  “It is social engineering that plays on your fears rather than the bad actor having an ability to compromise your systems.”

Several other sessions and panels included a lessors’ panel, social media ROI, and benefits of Lease Here Pay Here, a bankers/funders panel, and a used vehicle market pulse.

The virtual exhibit hall was staffed by industry lenders, OEM’s, and service providers that attendees had the ability to chat with.  Each day ended with a virtual happy hour on Zoom, although there was not an alcoholic beverage spotted.

Virtual conferences are here to stay, at least for a while, and I embrace them.  The NVLA conference was well attended and well done.  And while I don’t miss overpriced hotels and the stress of air travel, I do miss meeting new people at the exhibitor sponsored breakfast, somebody grabbing my arm in the hallway for a quick chat, an introduction to a new business prospect, and the late night cocktail and cigar with an old industry friend. 

I hope the “Wins of Change” subside for us all soon and I look forward to my next breakfast burrito live and in person at an overpriced hotel.     

 

Edward P. Kaye, Esq.
SCHICKLER KAYE LLP
One Rockefeller Plaza
11th Floor
New York, NY 10020
Direct Dial: 646-294-6333
Facsimile: 212-262-6298
www.skfinancelaw.com 

Ed Kaye is a longtime supporter of Leasing News and sits on its Advisory Board contributing articles as well as features.  He is an attorney admitted to the bar of the State of New York and a graduate of St. John’s University School of Law and the University at Albany.  He is the immediate past president of the NVLA and currently sits on its board of directors.  He recently did the Covid-19 pivot, changing careers after 30 years of establishing, growing, and managing specialty finance and leasing companies, most recently running the New York office of a large independent lessor, to practicing law full time representing lessors, creditors, and select debtors.




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Evergreen, Wintergreen, Partners Capital Group
Now Formulating Existing Protocol

Marcus Davin, President and CEO, Partners Capital Group, Santa Ana, California, told Leasing News, "Thank you Kit, for helping us improve our “end of term” lease process. We plan to add some of your recommendations to the verbiage in our lease documents and to rewrite our policy and procedure manual for our billing department. Our procedure manual will clearly identify how and when we send our ”90 Day Advance Notice” to our customers, how and when we send our “Maturity Notice” when the lease matures, and the steps we take working with our customer well in advance of their lease maturing to get several third party appraisals on the equipment for those customers wanting to purchase the equipment.”   

While his policy on "Fair Market Value" residuals has not changed, it is now being formalized.  There originally were Wintergreen residuals, of which he was unaware. Leasing News has written about the two: Evergreen, automatic 12 months if equipment is not purchased or returned; Wintergreen, month-to-month until equipment is purchased or returned.

Leasing News has never been against the Evergreen or Wintergreen, which are often helpful to both parties. It is the abuse of these by not notifying the lessee 90 days in advance as well as to automatically start collecting extra payments, as explained in our June 26, 2015  Editorial:

Put a Clause Requiring Notification
in Your Lease Contract
(note: Update)

Leasing News believes it is time for all leasing companies to stand-up and become ethical when it comes to "Evergreen" and "Winter Green" clauses without notification to the lessee. Put a clause in your lease contract and require those who discount to you to have the same clause notifying the lessee formally at the 90 day mark that the lease contract will expire within the next 90 days. If you can compute the exact date, put that in the certified letter with return receipt.

(Note: today DocuSign notification may be used instead of a certified letter. Editor)

Also note in your contract a termination fee to cover the procedure, including the certified mailing of a 90-day notice at the 90-day mark that the original term of the lease is coming due, requiring the lessee to signify their position to return the equipment, to purchase it, or determine its "fair market value" before the expiration of the original term. If this is not met, the lease then proceeds to either month-to-month or an automatic twelve months (choose in your contract to put one or the other.)

Some companies charge a termination fee as well as a separate UCC-3 release fee.

As important, require all those who discount or sell leases to you that the notification requirement be included in the lease contract they discount to your company.

 




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Top Ten Leasing News
October 13 - October 15

(Stories most opened by readers)

(1) Partners Capital Group Will Join
  Companies who utilize Evergreen Clauses
     for Extra Lease Payments
http://leasingnews.org/archives/Oct2020/10_13.htm#partners

(2) Stop Telling Girls Being Nice...
     photo
http://leasingnews.org/archives/Oct2020/10_15.htm#girls

(3)  New Hires/Promotions in the Leasing Business
    and Related Industries
http://leasingnews.org/archives/Oct2020/10_15.htm#hires

(4)  "Non-compete, but I want to leave!"
    Career Crossroads by Emily Fitzpatrick 
http://leasingnews.org/archives/Oct2020/10_13.htm#crossroads  

(5)  NVLA Long-Time Attorney Cary Childs Boyden
            February 20, 1945 - September 11, 2020
http://leasingnews.org/archives/Oct2020/10_15.htm#nvla

(6)  Story Credit Lessors and Lenders List for COVID-19
    "C" & "D" Lessees, Business Loans, Working Capital
http://leasingnews.org/archives/Oct2020/10_13.htm#sc

(7) The Alta Group Appoints Paul Menzel, CLFP
    and Rick Remiker as Vice Chairmen
http://leasingnews.org/archives/Oct2020/10_13.htm#alta

(8) Enova Completes Acquisition of OnDeck
    $1.89 per share, or approximately $122 million
http://leasingnews.org/archives/Oct2020/10_15.htm#enova

(9) The Price of the iPhone 12 Around the World
    Initial Price of iPhone 12/12 Pro in Selected Countries
http://leasingnews.org/archives/Oct2020/10_15.htm#price

(10) Renters Moving to More-affordable Areas
    Working at Home One of the Reasons
http://leasingnews.org/archives/Oct2020/10_15.htm#renters

 

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Leasing Industry Help Wanted










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Cameron Peak Fire Hits Fort Collins, Colorado
with Heavy Smoke

From Gary Souverein, President, Pawnee Leasing: "Thought this might make an interesting “story of interest” for you… obviously your home state has its own fire challenges and we have our own right on our doorstep today! Our fire made quite a run yesterday and made for a surreal scene in the skies of Fort Collins. Pawnee’s offices are located at the red “x”. We will be safe as the fire’s fuel runs out if it would reach the outer city limits.”

Cameron Peak Fire
https://nifc.maps.arcgis.com/apps/MapSeries/index.html?appid=821eb2bac47c48c69558075f21365f01

 



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First City Bank of Florida, Fort Walton Beach, Florida
FDIC is the Receiver for Failed Bank

First City Bank of Florida was the first chartered bank south of Eglin Air Force Base. Through the efforts of the entire community, the bank was chartered by and for the citizens in South Okaloosa County. It was the oldest independent bank on the Emerald Coast.

Florida First City Banks, Inc., filed for bankruptcy in January, 2020, in the U.S. Bankruptcy Court for the Northern District of Florida under Chapter 11 of the federal bankruptcy code. Chapter 11 bankruptcy permits reorganization of business affairs, debts and assets. The bank was to merge with Beach Community Bank, who was going to raise $20 million in investment capital, effectively the purchase price for First City Bank. In late March, Beach Community Bank terminated the merger due to the bank marketplace for increasing bank debt, their representatives commented.

First City Bank of Florida, Fort Walton Beach, Florida, was closed Friday, October 16, 2020, by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The failed bank experienced long-standing capital and asset quality issues, operating with financial difficulties dating back to 2009, which are not related to the current economic conditions resulting from the pandemic.

"To protect depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, FSB, in Evansville, Indiana, to assume all of the deposits of First City Bank of Florida. The two branches of First City Bank of Florida will reopen as branches of United Fidelity Bank, FSB, on Saturday, October 17. The drive-up windows will be open during normal business hours; however, lobbies of these locations will remain accessible by appointment only. The FDIC strongly encourages bank customers to follow Centers for Disease Control and Prevention guidance on social distancing and utilize online and electronic banking capabilities."

As of June 30, 2020, First City Bank of Florida had approximately $134.7 million in total assets and $131.4 million in total deposits. In addition to assuming all of the deposits, United Fidelity Bank, fsb agreed to purchase essentially all of the failed bank’s assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10 million.

 

 

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Decrease of 7.1 in September's Money Anxiety Index
Created Increase in Retail Sales by 1.9 percent

"As long as the level of money anxiety is decreasing, the economy is improving because less anxious consumers spend more, thus increasing the largest component of GDP - personal consumption," said Dr. Dan Geller, the developer of the Theory of Money Anxiety and the President of Analyticom. "The Money Anxiety Index is the most reliable and predictive economic indicator of financial confidence because it is based on actual behavior rather than surveys."

The Money Anxiety Index, which measures the level of consumers' anxiety based on actual financial behavior, decreased 7.1 index points in September to 87.3 from 94.4 in August. The decrease in the level of money anxiety pushed retail sales up 1.9 with increases in almost all retail categories.

The retail categories with the highest increase where clothing at 11.0 percent; sporting goods at 6.0 percent and autos at 4.0 percent. Other retail categories that exhibited an increase in September were: restaurants, general merchandise and health and personal up 2.0 percent, according to the U.S. Department of Commerce

 

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

Compensation in the Equipment Finance Industry
Showed Modest Growth in 2019, According to ELFA Survey

WASHINGTON, D.C. - Compensation in the equipment finance industry increased moderately in 2019, according to the 2020 Equipment Leasing and Finance Compensation Survey released today by the Equipment Leasing and Finance Association (ELFA), in partnership with McLagan. Industry new business volume totals exceeded prior year growth, contributing to a moderate rise in compensation.

The 2020 Equipment Leasing and Finance Compensation Survey measures compensation rates for the 2019 fiscal year as reported by more than 75 equipment finance companies representing a cross section of the equipment finance sector, including independent, bank and captive equipment finance companies. Firms provided data for more than 20 executive, front-office and support positions and 10 levels of seniority, including a breakdown of salary (for 2019 and 2020), incentives (including cash bonuses and commissions), long-term awards and total compensation by company type. The survey is a collaborative initiative between ELFA and McLagan, a performance/reward consulting and benchmarking firm for the financial services industry.

Highlights from the 2020 Equipment Leasing and Finance Compensation Survey include:

  • Total Compensation: Total compensation was up on a year-over-year basis for most functions and levels. On a “same store” basis (constant incumbents in multiple survey years), total compensation was up modestly (~3–5%) at median for key revenue-generating functions from 2018 to 2019.
  • Salary: Salaries were up on a year-over-year basis. On a “same store” basis, origination roles tended to have increases around 1% at the median and 3% at the 75th percentile. Salaries were up by 4% on average across all levels.
  • Differences by Level: Total comp increases were seen across all levels from the Entry through Managing Expert levels at the median. There were modest (~2%) salary increases seen at the median from Entry through Expert levels.
  • Leadership: At the Executive level, cash bonuses for the 2019 performance year accounted for 44% of Executive compensation while long-term awards accounted for 24%. Total incentives, both cash bonus and long-term awards, as a percent of salary was 224% at the median.

Learn More
For a complete copy of the 2020 Equipment Leasing and Finance Compensation Survey report, please contact Bill Choi at bchoi@elfaonline.org or 202-238-3413. Note: Survey results are only available for purchase by firms who commit to participation in the 2021 survey. All participating firms are be required to sign a non-disclosure agreement with Mclagan for data privacy purposes.

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.

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


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

2020 National Equipment Finance Association Virtual Annual
Meeting and Chris Walker Memorial Member of the Year Award

On October 15, 2020, the National Equipment Finance Association (NEFA) virtually held the 2020 Annual Meeting. The Annual Meeting acts as the official platform to announce NEFA Officers and Directors for the next twelve months. Officers and Directors were voted on through a digital ballot system via DocuSign by the NEFA community. The voting period was open from October 1st – October 13th and after achieving a quorum, ballots were counted by the Legal Committee. During the meeting Marc Keepman-KLC Financial and Immediate Past President and Chair of the Nominations Committee and Joshua Hasko-Messerli Kramer and member of the Legal Committee announced the process for voting and disclosed the new slate of Board Members.


Chad Sluss, Executive Director and CEO of NEFA, said, “We are thankful for the leadership provided by our Board members that served the organization in 2019-2020 and are excited to
welcome our new Board members. The National Equipment Finance Association is well positioned to continue to provide exceptional educational, networking, and overall industry relevance for our membership in these very unusual times.

NEFA’s new President & Chairwoman of the Board is Laura Carini, CLFP - Financial Pacific Leasing, and is joined on the Executive Committee by James Jackson-The Alta Group as Vice President; Scott Wheeler, CLFP-Wheeler Business Consulting as Treasurer; and Adam Peterson
-Channel Partners Capital as Secretary. Daryn Lecy, CLFP- Oakmont Capital Services, LLC, will remain on the Executive Committee as Immediate Past President.

Laura Carini, CLFP- Financial Pacific and NEFA President said, “I am so excited for the new slate on board for 2020-2021. It is great to have fresh ideas from a wide range of member companies. This year we not only have representation and expertise in broker/lessor companies, but also in technology, collections, legal and accounting. This collaborative team will serve our members well in executing our many upcoming initiatives.”

New Directors of the association were also announced and include Paul Fogle, CLFP-Quality Leasing Co., Inc; Christy Kusilek, CLFP-Northteq; and Shawn Smith-Dedicated Commercial Recovery Inc. They are joined by the other tenured Board Members including Anne Dalgaard,
CPA, CLFP-Dynamic Rentals, LLC; Robert Hornby-Chiesa Shahinian & Giantomasi PC; Lori Littleford, CLFP-Macquarie Equipment Finance; Jacklynn Manning, CLFP-AMUR Equipment Finance; and Beth McLean, CLFP-Northland Capital Equipment Finance.

During the meeting, outgoing President, Daryn Lecy, CLFP-Oakmont Capital Services, LLC presented a 2020 year in review; James Jackson-The Alta Group offered a financial update; Stephanie Hall, CLFP-BankFinancial and Andre Clifford, CLFP-BankFinancial offered an education update; Randy Haug-LTi Technology Solutions and Chair of the Chris Walker Education Fund Committee offered an update on the Chris Walker Education Fund; and Reid Raykovich, Certified Lease & Finance Professional Foundation offered an update on the Certified Lease & Finance Professional Foundation.


Also during the meeting, the Executive Committee awarded Robert Hornby, Esq., Chiesa Shahinian & Giantomasi PC, the “Chris Walker Memorial Member of the Year Award."


Daryn Lecy, CLFP, Oakmont Capital Services, LLC, and Immediate Past President of NEFA said “Robert was a clear and unanimous choice for the 2020 "Chris Walker Memorial Member of the Year Award" for his countless hours helping our association navigate through several situations this year due to COVID-19. Robert has always been generous of his time in support of NEFA but he went above and beyond in 2020. We are very thankful for all of his help”

The National Equipment Finance Association (NEFA) is a national association serving small to mid-sized independent equipment finance companies, lessors, and brokers. NEFA is a strong association offering enhanced educational programs and premium networking opportunities with broad geographic and industry segment diversity. The mission of NEFA is to provide a forum for members to pursue personal and professional growth and promote ethical business practices through advocacy, advocacy, networking, and industry involvement. For more information about the organization or if you are interested in joining, please visit: http://www.NEFAssociation.org or call: 847-380-5050.

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


 

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

ELFA Announces Jeffry D. Elliott To Receive
2020 Distinguished Service Award

WASHINGTON, D.C. – The Equipment Leasing and Finance Association (ELFA) has selected Jeffry D. Elliott, CLFP, to receive its 2020 Michael J. Fleming Distinguished Service Award. The award honors individuals who have made significant contributions to the association and the equipment finance industry. Elliott, who is Senior Managing Director of Huntington Asset Finance, a division of The Huntington National Bank, will be recognized during the ELFA 2020 Business LIVE! virtual conference on Oct. 27-28.  


ELFA President and CEO Ralph Petta, said, “We are delighted to present this honor to Jeff in appreciation of his outstanding contributions. I personally have had the pleasure to get to know Jeff over the years. His dedicated volunteer spirit and leadership in so many areas have had a positive impact on our association, the Equipment Leasing & Finance Foundation and the industry as a whole.”

“I am appreciative and honored to receive such a prestigious award,” said Elliott. “ELFA has meant so much to me professionally and personally over the years. It has been a privilege to actively engage with exceptional industry leaders and ELFA staff who dedicate themselves to the betterment of the industry. Thank you ELFA for making it possible to serve the industry that I love and build lifelong personal relationships.  I look forward to many more years of service.”

Elliott has been an active member of ELFA for many years, contributing to the mission of the association in a number of key areas. He has served on a range of member committees, including the Financial Institutions Business Council Steering Committee, the leadership body representing ELFA member bank-related organizations. He is a champion of the association’s business and professional development programs, serving as a frequent speaker and facilitator at ELFA conferences. He has helped to plan numerous industry events, including serving on the National Funding Conference Planning Committee.

Elliott has been a strong supporter of ELFA’s Federal Advocacy programs. He is a member of the Advocacy Advisory Committee, which provides advice and counsel to ELFA’s federal government relations efforts on a broad range of legislative and regulatory issues. He is a regular participant in Capitol Connections, an annual event held in Washington, D.C., to advocate for and educate members of Congress about the equipment finance industry.

In addition to his work with ELFA, Elliott is active with the Equipment Leasing & Finance Foundation. He is the Immediate Past Chair of the Foundation and has served on the Foundation Board of Trustees for the past seven years. He is a generous donor, former Chair of the Foundation Research Committee and recipient of the Foundation’s 2019 Steven R. LeBarron Award for Principled Research. Elliott is a current member of the Foundation’s Editorial Review Board, Nominating, Academic Outreach and National Development Committees. As an industry thought leader, Elliott has lent his insights to essential Foundation reports, including those on lender finance, corporate aviation, energy, credit, new technologies and more. He also spearheaded the development of the Foundation’s Vertical Market Series.

Elliott joined Huntington in 2001 as part of the newly established Huntington Equipment Finance Division. In his current role, he leads Huntington Public Capital®, which focuses on lending to the municipal, university, school & hospital entities and more recently launched the Renewable Energy Finance group that focuses on solar, wind, battery and other renewable energy generation projects. Elliott’s role includes acting Head of Strategy & Corporate Development for Huntington Asset Finance. In that capacity, he has been responsible for product & marketing strategy, development of new products initiatives, mergers and acquisitions within Huntington Asset Finance.  

Prior to Huntington, Elliott was Vice President with U.S. Bank as Manager of the Indirect Funding Group. He began his banking career with Security Pacific, a Subsidiary of Bank of America, in 1993 in the consumer finance division.

Elliott holds a Bachelor of Science in Accounting and Finance degree from the Richard T. Farmer School of Business at Miami University in Oxford, Ohio and a Master of Business Administration from the Williams College of Business at Xavier University in Cincinnati, Ohio.

Elliott is a Certified Lease Finance & Professional (CLFP) and a past member of the Board of Directors of the CLFP Foundation. He was formerly involved with the Mid-America Association of Equipment Lessors, where he served as Vice Chairman/Board of Directors. He is a retired member of the Ohio High School Athletic Association as a High School Basketball & Football Official. Currently, he serves locally on the Board of the Bay Village Foundation, a nonprofit 501(c)(3). In his spare time, Elliott enjoys the pursuit of the culinary arts, wine appreciation/collecting and golf. 

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.

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

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Shepherd
Fort Collins, Colorado  Adopt-a-Dog


Francis

CAFA-A-37421
Male
1 Years, 7 months
Location: Taft Campus, Adoption
Adoption Fee: $250.00

"Meet Francis! He's a poised, articulate gentleman with a heart of marshmallows and cuddles. He's shy at first, but soon warms up with scratches and belly rubs. Francis will do great in a home with a doggy companion that lets him get comfortable at his own pace and take their time exploring his new world!

Temporary Changes to Adoption Policies
UPDATE 6.5.2020: To protect the health of our staff and the community, all staff and all adopters are required to wear masks. We will ask clients who are not wearing a face covering to leave. We are also asking any community members who are feeling sick or who have been in contact with anyone displaying symptoms to please stay away for the safety of our neighbors and loved ones. Thank you for your understanding and for your cooperation in taking the necessary steps to protect our community and our most vulnerable citizens.

Animal Friends Alliance is currently offering adoption by appointment only, 6 days a week (Tuesday through Sunday).  If you are interested in adopting, please complete an adoption questionnaire online and we will contact you to set up an appointment to meet your new family member.

Please call 970-484-8516 for more information.

Dog Adoption Questionnaire
https://www.savinganimalstoday.org/adopt/adoptable-dogs/dog-questionnaire/

Animal Friends Allianc
Taft Hill Campus
2200 N Taft Hill Rd.
Fort Collins, CO 80524

 

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Ask a Leader
ELFA Emerging Talent Advisory Council

Eileen Schoonmaker

Read a terrific conversation with Eileen
Schoonmaker of DLL, brought to you by the
ELFA Emerging Talent Advisory Council.

https://www.elfaonline.org/industry-topics/emerging-talent/ask-a-leader/ask-a-leader-interview-with-eileen-schoonmaker

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News Briefs---

First Citizens to Buy CIT Group
    in an all-stock deal valued at roughly $2.2 billion
https://www.marketscreener.com/quote/stock/FIRST-CITIZENS-BANCSHARES-9272/news/First-Citizens-to-Buy-CIT-Group-3rd-Update-31555331/.

U.S. reports highest number of new coronavirus cases
     since late July as total climbs above 8 million
https://www.cnbc.com/2020/10/17/us-reports-highest-number-of-new-coronavirus-case-since-late-july.html

US posts record $3,100,000,000,000
     budget deficit for 2020
https://www.mercurynews.com/2020/10/16/us-posts-record-3100000000000-budget-deficit-for-2020/

Study: 8 million Americans have fallen
      into poverty since May
https://www.axios.com/columbia-study-8-million-poverty-coronavirus-pandemic-e9f25629-9931-4940-b310-f367995f97ff.html

Portland has ‘sold out’ of homes: Number for sale drops to
     new low, prices rise 5.7% in bidding wars
https://www.oregonlive.com/realestate/2020/10/portland-has-sold-out-of-homes-number-for-sale-drops-to-new-low-prices-rise-57-in-bidding-wars.html

Seven months in, coronavirus spreading unchecked
    in Missouri. ‘It destroys you,’ said one patient
https://www.stltoday.com/lifestyles/health-med-fit/coronavirus/seven-months-in-coronavirus-spreading-unchecked-in-missouri-it-destroys-you-said-one-patient/article_7d38b8bc-6af2-5fde-90ec-3b60dadadde7.html#tracking-source=home-top-story

49ers pour another $950K
    into Santa Clara City Council race
https://www.bizjournals.com/sanjose/news/2020/10/15/49ers-santa-clara-city-council-election-money.html

What makes Whataburger’s Fancy Ketchup so unique?
    Curious Texas grabs the fries
https://www.dallasnews.com/news/curious-texas/2020/10/12/what-makes-whataburgers-fancy-ketchup-so-unique-curious-texas-grabs-the-fries/



[headlines]
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You May Have Missed---

WheresMyBallot.sos.ca.gov
  Available to California Voters
https://www.sacbee.com/news/politics-government/election/article245927385.html#storylink=topdigest_latest

[headlines]
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Weekend 6 NFL takeaways
https://www.si.com/nfl/2020/10/18/week-6-takeaways-analysis-breakdown-steelers-dominate-browns-baker-mayfield-problem

End of an era: Joe Thornton
     signs with Maple Leafs, not Sharks
https://www.mercurynews.com/2020/10/16/end-of-an-era-joe-thornton-signs-with-maple-leafs-not-sharks

Above-average Joes: Ex-Shark Thornton
      thanks ex-49er Montana for advice
https://www.sfchronicle.com/sharks/article/Above-average-Joes-Ex-Shark-Thornton-thanks-15656806.php

Loss to Broncos makes it clear: Patriots don’t have
      enough help on offense for Cam Newton
https://www.bostonglobe.com/2020/10/18/sports/this-loss-broncos-rests-squarely-patriots-depleted-offensive-line/

Derrick Henry, Ryan Tannehill save Titans in OT win over Texans
https://www.usatoday.com/story/sports/nfl/titans/2020/10/18/tennessee-titans-houston-texans-score-afc-south-derrick-henry/3704949001/


[headlines]
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California Nuts Briefs---

Coronavirus economy: Job rebound fizzles in
 San Francisco Bay Area, California — South Bay powers on
https://www.mercurynews.com/2020/10/16/coronavirus-economy-job-rebound-fizzle-bay-area-california-tech-layoff/

California wildfires: Many fires near full containment,
     officials fear hot weather
https://www.sacbee.com/news/california/fires/article246542313.html?ac_cid=DM304588&ac_bid=-1717441301

$1 billion Landmark Bay Area office complex is bought
https://www.mercurynews.com/2020/10/15/1-billion-landmark-bay-area-office-buy-sell-real-estate-tech/

Google expands S.F. office despite shift
     to working from home during pandemic
https://www.sfchronicle.com/business/article/Google-expands-S-F-office-despite-shift-to-15652058.php

San Francisco North Bay’s biggest locally based banks
https://www.northbaybusinessjournal.com/article/industry-news/san-francisco-north-bays-biggest-locally-based-banks/

Santa Rosa adopts new plan for downtown development
https://www.pressdemocrat.com/article/news/santa-rosa-adopts-new-plan-for-downtown-development/

California police got hundreds of calls about abuse
    in private ICE detention centers. Cases were rarely prosecuted
https://www.sandiegouniontribune.com/news/immigration/story/2020-10-18/california-police-immigration-detention-abuse



[headlines]

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“Gimme that Wine”

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

Dolores Cakebread, who helped turn Napa Valley
     into a food and wine destination, dies at 90
https://www.sfchronicle.com/wine/article/Dolores-Cakebread-who-helped-turn-Napa-Valley-15645601.php

Napa's Fire Response Overwhelmed and Underfunded
https://www.wine-searcher.com/m/2020/10/napas-fire-response-overwhelmed-and-underfunded

Wineries and Chefs Gear Up Charity Efforts
    for California Wildfire Relief
https://www.winespectator.com/articles/wineries-and-chefs-gear-up-charity-efforts-for-california-wildfire-relief-unfiltered

Beaujolais Nouveau launch disrupted
    by uncertainties caused by Covid-19
https://www.vitisphere.com/news-92579-Beaujolais-Nouveau-launch-disrupted-by-uncertainties-caused-by-Covid-19.htm

Historic estate for sale in Chianti Classico country
https://www.decanter.com/property/historic-estate-for-sale-in-chianti-classico-country-445705/

Many California wineries will make no wine
      this year because of wildfire smoke
https://www.sfchronicle.com/wine/article/Many-California-wineries-will-make-no-wine-this-15654296.php?

6 Sonoma Wineries for an Authentic Harvest Experience
https://www.sonomamag.com/6-sonoma-wineries-for-a-harvest-experience/

 

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

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

[headlines]
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This Day in History

    1739 - England declared war on Spain over borderlines in Florida. The War is known as the War of Jenkins' Ear because a Member of Parliament waved a dried ear and demanded revenge for alleged mistreatment of British sailors. British seaman Robert Jenkins had his ear amputated following a 1731 barroom brawl with a Spanish Customs guard in Havana and saved the ear in his sea chest.
    1765 – The Stamp Act Congress, meeting in New York, drew up a declaration of rights and liberties.  It was the first gathering of elected representatives from several of the American colonies to organize a unified protest against new British taxation, in this case, The Stamp Act, which required the use of specially stamped paper for legal documents, playing cards, calendars, newspapers and dice for virtually all business in the colonies, and was to take effect November 1.  The Congress was organized in response to a circular letter distributed by the colonial legislature of the Province of Massachusetts Bay and consisted of delegates from nine of the eighteen British colonies in North America. All nine of the attending delegations were from the Thirteen Colonies that eventually formed the United States. Although sentiment was strong in some of the other colonies to participate in the Congress, a number of royal governors took steps to prevent the colonial legislatures from meeting to select delegates.  The Congress discussed and united against the act, issuing a Declaration of Rights and Grievances in which they claimed that Parliament did not have the right to impose the tax because it did not include representation from the colonies. Members of six of the nine delegations signed petitions addressed to Parliament and King George III objecting to the Act's provisions.
    1781 - Washington takes Yorktown. By 1780, the Continental Army had suffered its worst privations, it greatest defeats, and its darkest hours. October was a terrible month in 1780. It would continue to lose battles but, by this time, turned into a well-trained fighting force by European officers and aided by allied French forces, it endured.  Historians consider the American Revolutionary War ended this day in 1781 when more than 7,000 English and Hessian troops, led by British General Lord Cornwallis, surrendered to General George Washington at Yorktown, Virginia. The military phase of the conflict ended at Yorktown as there were no more major battles, but the diplomatic struggle continued. Preliminary articles of peace were secured on November 30, 1782, after long and difficult negotiations. The Treaty of Paris, by which the war was officially ended and independence formally acknowledged by Great Britain, was not signed until September 3, 1783. Adding to the disagreements was communication by ship and even meetings locally were delayed as the pace of public transportation in the U.S. was painfully slow. It took Thomas Jefferson five days to travel from Philadelphia to Baltimore. The time delay also gave over 100,000 loyalists the time to fled the U.S. Also known as Tories, they had suffered various penalties for their loyalty to the Crown, including confiscation of property, removal from public office, and punitive taxation. Probably no more than 10% of the colonials were Tories, who were generally well-to-do, engaged in commerce or the professions, or public officials. Many fled to Canada, some to England. Some returned after the peace treaty was actually signed. After the conflict, many were also able to recover at least some of their confiscated property. The estimated colonial population was 2,781,000.
http://xroads.virginia.edu/~CAP/ROTUNDA/york_1.html
http://bluehawk.monmouth.edu/~library/mumford.html
    1789 – John Jay was sworn in as the first Chief Justice of the US Supreme Court.  He served until 1795.  Jay served as the President of the Continental Congress (1778–79), an honorific position with little power. During and after the Revolution, Jay was Ambassador to Spain, a negotiator of the Treaty of Paris by which Great Britain recognized American independence, and Secretary of Foreign Affairs, helping to fashion US foreign policy. His major diplomatic achievement was to negotiate favorable trade terms with Great Britain in the Jay Treaty in 1794.  Jay was a proponent of strong, centralized government and worked to ratify the US Constitution in New York in 1788 by pseudonymously writing five of “The Federalist Papers,” along with the main authors Alexander Hamilton and James Monroe. After the establishment of the U.S. government, Jay became the first Chief Justice.
    1829 - The monument to George Washington was completed in Baltimore, MD. The cornerstone was laid on July 4, 1815, with a Masonic ceremony.
    1833 - Edgar Allen Poe's "MS. Found in a Bottle" appears in "Baltimore Sunday Visitor."  MS is shorthand for manuscript.
    1842 - Military forces, believing war has begun, occupy Monterey, Mexico.
    1844 - The famous "Lower Great Lakes Storm" occurred. Southwesterly winds were at hurricane force for five hours, driving lake waters into downtown Buffalo, NY. The storm drowned 200 persons.
    1848 - John "The Pathfinder" Fremont moved out from near Westport, Missouri, on his fourth Western expedition--a failed attempt to open a trail across the Rocky Mountains along the 38th parallel. It was not until scout Christopher "Kit" Carson joined him that Fremont found the passage West.
    1850 - Annie Smith Peck shocks society by wearing trousers when she climbed mountains. She had conquered every large mountain in the Western Hemisphere and, at age 85, she climbed Mount Madison in New Hampshire.
    1876 - Birthday of Mordecai Peter Centennial “Three Finger” Brown (d. 1948) at Nyesville, IN.  Baseball Hall of Fame pitcher, Brown won 239 games. His nickname came from a childhood injury that cost him one finger and misshaped others. Inducted into the Hall of Fame in 1949.
    1885 - Charles E. Merrill, (d. 1985) the American investment banker who helped create the largest brokerage firm in the United States, was born in Green Cove Springs, Fla.  In 1914, he founded the firm that grew into Merrill Lynch, Pierce, Fenner & Beane.  One of the first New York stockbrokers to realize the importance of selling stocks and bonds to small investors by furnishing for them simple, conservative and sound financial advice, in 1928, Merrill and Roger Babson were almost alone in the financial community in sensing possible disaster in the stock market. He was convinced that the dizzy joy ride then under way would not last and his firm mailed out a market letter in which he said:  "Now is the time to get out of debt….We do not urge you to sell securities indiscriminately, but we advise you in no uncertain terms that you take advantage of present high prices and put your own financial house in order. We recommend that you sell enough securities to lighten your obligations, or better yet, pay them entirely."  It was estimated at the time of the stock market crash that Mr. Merrill's foresight had saved over $6,000,000 for his customers.
    1895 - Historian Lewis Mumford (d. 1990) birthday, Flushing, NY. 
    1901 - Arleigh A. Burke, (d. 1996) admiral (World War II, Solomon Islands, Navy Cross), was born in Boulder, Colorado. Although unable to complete his high school education because the school was closed during the flu epidemic in 1917, he competed successfully for an appointment to the U.S. Naval Academy. Convinced that the inadequacies of his secondary education put him behind other Midshipmen in his class, Burke decided that he could only overcome this deficiency by working more diligently at his studies than the others. This plan paid great dividends, and he graduated in 1923 in the top sixth of his class. Taking this lesson strongly to heart, he remained a believer in the benefits of sustained hard work throughout his Navy career. During the interwar years, Arleigh Burke honed his skills as a surface warfare officer, serving initially in the battleship USS Arizona, obtaining a postgraduate degree in ordnance engineering, and rising eventually to command a destroyer. It was in this formative period of his career that he learned the importance of the Navy adage "loyalty up, loyalty down"--if you expect loyalty from your people you must be loyal to them in return. During World War II, Burke commanded Destroyer Squadron 23 (the "Little Beavers") during combat in the South Pacific. Developing successful tactics to overcome Japanese advantages in night surface operations, he earned fame as "31-knot" Burke during the 1943 battles of Empress Augusta Bay and Cape St. George. It was in this period that his belief in the importance of thorough training was validated--as he explained to his subordinates, in combat your outfit could expect to do only about as well as it had trained to do beforehand. During Dwight Eisenhower's terms as President in the 1950s, Arleigh Burke served as Chief of Naval Operations (CNO) for six years. While CNO he initiated efforts such as the submarine-launched Polaris ballistic missile program that tremendously strengthened the U.S. Navy's military capabilities.
    1915 - Establishment of Submarine Base at New London, Connecticut. In 1868, Connecticut gave the Navy land and, in 1872, two brick buildings and a "T" shaped pier were built and officially declared a Navy Yard. Today the Naval Submarine Base New London (SUBASE NLON), located on the east side of Thames River in Groton, CT, proudly claims its motto to be "The First and Finest."
    1917 - The first doughnut was fried by Salvation Army (who would found the United Service Organization) volunteer women for American troops in France during World War I. The first of a group of 250 Officers and Soldiers of The Salvation Army to be posted to France to serve with General John Pershing's American expeditionary force sailed from New York on August 12, 1917. General Pershing was far from convinced that The Salvation Army's presence at the Front Line would benefit his troops and at first, the Salvationists were treated with total indifference. At Demange, in the American first division sector, Salvationists toiled in pouring rain to build a hut 25 feet wide by 100 feet long for the troops benefit. No one gave them the time of day, much less a hand. What swung the troops to The Army's side was their practical example. No task was too menial, none too dangerous or difficult. But The Salvation Army won pride of place in American hearts by a brain wave born of sheer necessity. At Montiers, after 36 days of rain, supplies were almost exhausted. Only flour, lard and sugar remained. Ensign Margaret Sheldon, from the Chicago slums made a suggestion which was to go down in history. "Why don't we make them doughnuts?" They had no rolling pins or cake cutters and gales had blown down their tent but Salvationists thrive on challenges. Along with Ensign Helen Purviance, Margaret Sheldon crouched in the rain to prepare the dough. An empty bottle did duty as a rolling pin and in place of a cutter they used a knife to twist the doughnuts into shape. The first doughnuts cooked over a wood fire were triumph of improvisation. On the first day they served up some 150 doughnuts. The following days batch topped 300. The traditional hole now being punched out with the inner tube of a coffee percolator. The doughnuts made by The Salvation Army Lassies were an instant success with the troops. Some lining up for hours in appalling conditions for their daily supply. Soon the troops came to realize that even in the firing line The Salvationists would not neglect them. When Lassies like Ensign Florence Turkington crawled under shell fire to deliver coffee and doughnuts to troops in the trenches, letters praising the work of The Salvation Army began flooding back home. Overnight, the bewildered lassies found themselves national heroines. Although often in great danger The Salvationists displayed tremendous courage. At Baccarat they worked so close to the German lines that they couldn't even whisper for fear of being heard by the listening posts. The sermon that came with the coffee and doughnuts was a friendly squeeze on the shoulder. The Doughnut became a symbol of The Salvation Army in the U.S.A. Outside many of The Army rest rooms and hostels were hung giant "doughnuts". The Army, by selfless example, had won the hearts of a nation. At the end of the war the American people subscribed an unprecedented 13 million dollars to meet the debts incurred by The Salvation Army in its' war work.
    1922 – Columnist Jack Anderson (d. 2005) was born in Long Beach, CA.  Considered one of the fathers of modern investigative journalism, Anderson won the 1972 Pulitzer Prize for National Reporting for his investigation on secret American policy decision-making between the US and Pakistan during the Indo-Pakistani War of 1971.  He also broke open the investigation and harassment by the Nixon administration of John Lennon during the fight to deport Lennon, the search for fugitive ex-Nazi officials in South America and the savings and loan crisis. He discovered a CIA plot to assassinate Fidel Castro and was credited for breaking the Iran-Contra affair, though he has said the scoop was "spiked" because the story had become too close to President Reagan.  In the mid-1960s Anderson exposed the corruption of Senator Thomas J. Dodd and unearthed a memo by an ITT executive admitting the company paid off Richard Nixon’s campaign debt to stymie anti-trust prosecution. His reporting on Nixon-ITT corruption earned him a place on the Master List of Nixon’s Political Opponents.  In 1972, Anderson was the target of an assassination plot in the White House. Two Nixon conspirators admitted under oath they plotted to poison Anderson on orders from senior White House aide Charles Colson.  White House "plumbers" G. Gordon Liddy and E. Howard Hunt met with a CIA operative to discuss the possibilities, including drugging Anderson with LSD, poisoning his aspirin bottle, or staging a fatal mugging.  The plot was aborted when the plotters were arrested for the Watergate break-in. Nixon had long been angry with Anderson, blaming Anderson's election eve story about a secret loan from Howard Hughes to Nixon's brother for Nixon's loss of the 1960 presidential election.
    1926 - John C. Garand patented a semi-automatic rifle. Civil Service employee John Garand was in a class all by himself, much like the weapons he created. Garand was Chief Civilian Engineer at the Springfield Armory in Massachusetts. Garand invented a semiautomatic .30 caliber rifle, known as the M-1 or "the Garand," which was adopted in 1936 after grueling tests by the Army. It was gas-operated, weighed under 10 pounds, and was loaded by an 8-round clip. It fired more than twice as fast as the Army's previous standard-issue rifle and was praised by General George S. Patton, Jr., as "a magnificent weapon" and "the most deadly rifle in the world."
    1932 – Robert Reed (d. 1992) was born John Robert Rietz, Jr. in Highland Park, IL.  A television veteran, he became Mike Brady opposite Florence Henderson’s Carol Brady in “The Brady Bunch” (1969-74).
    1938 - For Decca records, the Bob Crosby Orchestra recorded "I'm Free." Trumpet was provided by Billy Butterfield. A few years later the song would be retitled, "What's New."
    1939 - One of Frank Capra's finest films, “Mr. Smith Goes to Washington,” opened in the United States. Starring James Stewart, Jean Arthur, Claude Rains, Harry Carey, Sr., and Edward Arnold, the film about a young idealist who discovers nothing but corruption in the government, did well at the box office. It received many Oscar nominations, including Best Picture, Best Actor, Best Supporting Actor, and Best Director, but was knocked out of most at awards' time due to “Gone with the Wind's” sweep; it did snag, however, Best Writing, Original Story for writer Lewis R. Foster, and Stewart received the New York Film Critics Circle Awards for Best Actor.
    1940 – Larry Chance, lead singer of The Earls, was born Larry Figueiredo in Philadelphia.  Upon moving to The Bronx, he originally formed his group as The Hi-Hatters. The group was eventually rechristened The Earls and he changed his last name to Chance, after the record label. In 1962, the Earls' single "Remember Then" was a huge national hit, reaching #24 on the Billboard charts. Other records entered the charts, including "Never" (top 5 on the local New York charts), "Life Is but a Dream" (top 10 on the local New York charts), and "I Believe," considered an East Coast classic. Other recordings include "Looking for My Baby" and "Kissing."
    1943 – Streptomycin, the first antibiotic remedy for tuberculosis was isolated by researchers at Rutgers University.
    1944 - US Navy opened to Black women.
    1944 - HAJIRO, BARNEY F., Medal of Honor
for conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty.  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.
    1944 - Marlon Brando made his New York stage debut at age 20 in the hit Broadway play, “I Remember Mama.” Playwright John Van Druten adapted Kathryn Forbes' novel, “Mama's Bank Account.” The show will become one of television’s first big hits in the late 1940's.
    1945 – Jeannie C. Riley was born Jeanne Carolyn Stephenson in Stamford, TX.   She is best known for her 1968 country and pop hit "Harper Valley PTA", which missed (by one week) becoming the Billboard Country and Pop #1 hit at the same time.
    1949 - No. 1 Billboard Pop Hit: “That Lucky Old Sun,'' Frankie Laine.
    1950 - "The Adventures of Ellery Queen" premiered. My father, Lawrence Menkin, wrote many of the episodes. In each of the shows, Queen talked to the home audience at the show's climax to see if they were able to identify the killer. These people played Ellery Queen during the several year TV series: Lee Bowman, Hugh Marlowe, George Nader, Lee Phillips, Peter Lawford and Jim Hutton.
    1951 - Top Hits
“Because of You” - Tony Bennett
“I Get Ideas” - Tony Martin
“Cold, Cold Heart” - Tony Bennett
“Always Late (With Your Kisses)” - Lefty Frizzell
    1953 – One of the most popular singers of his time, Julius LaRosa, was fired on the air by Arthur Godfrey. "Julie lacks humility," Godfrey told the stunned audience, while putting his arm around LaRosa adding, "So, Julie, to teach you a lesson, you're fired!" This ended his career, and Godfrey also was never the same.  Godfrey later held a press conference after the incident becomes a national scandal, claiming that by hiring his own manager, LaRosa had lost his "humility," but several historians claim that Godfrey was actually upset that the singer was beginning to receive more fan mail than the host.
    1955 - For the first and only time, Elvis Presley and Pat Boone share the bill for a performance at the Circle Theatre in Cleveland, OH.
    1956 - The U.S. Supreme Court unanimously strikes down two Alabama laws requiring racial segregation on public buses.
    1957 -  Maurice 'The Rocket' Richard of the Montreal Canadiens became the first player in the National Hockey League to score 500 goals when he tallied against the Chicago Blackhawks in a 3-1 Montreal victory. Richard finished his career with 544 goals and entered the Hockey Hall of Fame in 1961.
    1957 - No. 1 Billboard Pop Hit: “Jailhouse Rock,'' Elvis Presley.
    1959 – “The Miracle Worker,” based on the childhood training of deaf and blind Helen Keller, and starring Anne Bancroft and 12-year-old Patty Duke, opened on Broadway to favorable reviews.
    1958 - Brenda Lee records "Rockin' Around The Christmas Tree." The song will be released as a single but will fail to chart in either 1958 or 1959. When it was re-released in 1960, it rose to #14 and has since become a Christmas standard, being ranked at #4 in the Top 10 All Time Christmas Songs. A seasonal favorite on stations that play Christmas hits during the Christmas season, “Rockin’ Around the Christmas Tree” charted #2 in 2019.
    1959 - Top Hits
“Mack the Knife” - Bobby Darin
“Put Your Head on My Shoulder” - Paul Anka
“Mr. Blue” - The Fleetwoods
“The Three Bells” - The Browns
    1960 - The United States State Department embargoed the shipment to Cuba of all goods except medicine and food.
    1960 - Martin Luther King, Jr. and 35 students choose jail after arrest for sit-in requesting service at the snack bar of Atlanta's Rich's department store.
    1961 - At a show in Litherland Town Hall in Liverpool, England, two popular local groups combined on stage to form the Beatmakers, performing Jerry Lee Lewis' "Whole Lotta Shakin' Goin' On," Ray Charles' "What'd I Say?," the pop standard "Red Sails in the Sunset," and Charles' "Hit the Road, Jack." The groups? Gerry and the Pacemakers and the Beatles.
    1963 - Buck Owens started a 16-week run at top of the U.S. Country chart with "Love's Gonna Live Here." It eventually became the biggest of all the Buck Owens hits.
    1964 - The incredibly influential English concert called the "American Negro Blues Festival" kicks off, featuring Howlin' Wolf, Willie Dixon, Lightnin' Hopkins, and Sonny Boy Williamson, among others. It is the first glimpse of these bluesmen for many upcoming British R&B and rock legends.
    1967 - Top Hits
“The Letter” - The Box Tops
“To Sir with Love” - Lulu
“Little Ole Man (Uptight-Everything's Alright)” - Bill Cosby
“I Don't Wanna Play House” - Tammy Wynette
    1967 - The Jefferson Airplane perform at Loews Warfield Theatre on Market Street, San Francisco.
http://en.wikipedia.org/wiki/Jefferson_Airplane
http://grove.ufl.edu/~number6/Jefferson.Airplane/airplane.html
    1967 - Tamla-Motown releases Smokey Robinson & the Miracles "I Second That Emotion." The record climbs to #4 on the pop chart and Number One of the R&B, making it their biggest hit since "Shop Around" in 1960.
    1969 – Daryle "Mad Bomber" Lamonica passes for six touchdowns vs. Buffalo as the Oakland Raiders won, 50-21.
http://members.aol.com/FreeVee/index.html
    1969 - No. 1 Billboard Pop Hit: “I Can't Get Next to You,'' The Temptations.
    1970 - Working from a design sketched out by his wife and himself, Elvis Presley orders a dozen 14-karat gold pendants from a Beverly Hills jeweler featuring the letters "TCB" set around a lightning bolt. Designed as totems for the Memphis Mafia (and also for security issues), the symbol stands, in Elvis' words, for "Taking Care of Business in a Flash." They would eventually come to symbolize the '70s era for Presley.
    1970 - The film “Ned Kelly,” starring Mick Jagger in the lead role, is released and the critics wasted no time in telling Mick he should stick to singing. One reviewer wrote: "He looks about as lethal as last week's lettuce." Predictably, the movie bombed at the box office. 
    1973 - Elvis and Priscilla Presley divorced after six years and one child, Lisa Marie.
    1973 – President Nixon rejected an Appeals Court decision that he turn over the Watergate tapes.
    1974 - Billy Preston went to the top of the US singles chart with "Nothing from Nothing," the singer's second and final number one.
    1974 - Bachman-Turner Overdrive's “Not Fragile” hits #1
    1975 - Dickie Goodman had the best-selling single in the US with the novelty tune, "Mr. Jaws," which mixed his rapid-fire mock interviews with answers that were snipped from contemporary hit singles. Goodman first entered the US charts in 1956 when he and his partner Bill Buchanan used a similar format on a record called "The Flying Saucer."
    1975 - Top Hits
“Bad Blood” - Neil Sedaka
“Calypso/I'm Sorry” - John Denver
“Miracles” - Jefferson Starship
“Hope You're Feelin' Me (Like I'm Feelin' You)” - Charley Pri
    1981 - LA Dodger Rick Monday hit a two-out homer in the ninth inning, leading the Dodgers to a 2-1 win over the Montreal Expos in the 5th game of their championship series. The Dodgers would go on to win the World Series title against the Yankees.
    1981 - Martin Luther King, Jr. Library and Archives opens in Atlanta. Founded by Coretta Scott King, it is the largest repository in the world of primary resource material on King, nine major civil rights organizations, and the American civil rights movement.
    1983 - The United States Senate passed a bill making Martin Luther King's birthday a public holiday.
    1983 - Top Hits
“Total Eclipse of the Heart” - Bonnie Tyler
“Making Love Out of Nothing at All” - Air Supply
“Islands in the Stream” - Kenny Rogers & Dolly Parton
“Paradise Tonight” - Charly McClain & Mickey Gilley
    1985 - "Take on Me," by a-ha, hit number one on the pop music charts. The video for the song was in regular rotation at MTV. The group is the first from Norway to have a No. 1 hit in the United States.
    1986 - No. 1 Billboard Pop Hit: “True Colors,'' Cyndi Lauper.
    1987 - The worst stock crash in the history of the New York Stock Exchange occurred when the Dow Jones industrial average fell 508 points, closing at 1738.74, a decline of 22.6%, nearly double the decline in 1929 that ushered in the Great Depression. The volume of stocks traded, 604,330,000, was nearly twice the previous record of 338,500,000 set on October 16.  Computerized program trading and various factors in the national and international economy were blamed for the collapse of the market that had exhibited a case of the jitters in recent weeks. On October 23, the Dow Jones rose 102.27 points and trading set another new record for volume with 608,120,000 shares.  In spite of the gain, largely confined to blue chip issues, many more stocks fell than rose.  The Dow gained another 186 points the following day but dropped 77.42 points on October 22. The major markets set temporarily shorter hours in hopes of easing the tension, but on October 26, there was another drop of 158.83 points. After a short period of relative quiet, the Dow fell 5.052 on Nov 3, ending a five day
rally, and on Nov. 9 the average was down another 58.85 points, closing at 1900.20.
http://www.stocksatbottom.com/index2.html
    1981 - Though it yielded only one minor hit single in "Backfired," "Koo Koo," the solo album by Blondie's Deborah Harry, goes gold today.
    1989 - Record breaking snows fell across northern and central Indiana. Totals ranged up to 10.5 inches at Kokomo, and 9.3 inches was reported at Indianapolis. The 8.8 inch total at South Bend was a record for the month as a whole. Up to seven inches of snow fell in extreme southern Lower Michigan, and up to six inches fell in southwestern Ohio. The heavy wet snow downed many trees and power lines. Half the city of Cincinnati was without electricity during the morning hours. Temperatures dipped below freezing across much of the Great Plains Region. Twenty cities, including fourteen in Texas, reported record low temperatures for the date. North Platte, NE reported a record low of 11 degrees. In Florida, four cities reported record high temperatures for the date. The record high of 92 degrees at Miami also marked a record fourteen days of 90-degree weather in October, and 116 such days for the year.
    1991 - Top Hits
“Emotions” - Mariah Carey
“Do Anything” - Natural Selection
“Romantic” - Karyn White
“Keep It Between the Lines” - Ricky Van Shelton
    1998 - Microsoft and prosecutors for the U.S. Department of Justice and twenty states met in federal court. It was the beginning of the antitrust case against the Microsoft Corporation.
    2000 - Dusty Baker, who led the Giants to a National League West flag with baseball's best record (97-65), reaches agreement with the Giants on a two-year contract extension. The pact makes, the two-time National League Manager of the Year the second highest-paid skipper in the Majors.
    2005 - The Houston Astros earned the first World Series berth in the team's 44-year history with a 5-1 victory over the St. Louis Cardinals.  Houston lost to the Chicago White Sox in the Series.
    2006 - Rod Stewart's CD, "Still the Same...Great Rock Classics of Our Time," entered the Billboard Hot 200 album chart at #1.
    2008 – The Tampa Bay Devil Rays advanced to the World Series for the first time in franchise history, defeating the Red Sox, 3-1, in Game 7 of the ALCS.
    2009 - The international version of Amazon's Kindle 2 was released.
    2013 - JPMorgan Chase tentatively settled on paying $13 billion to the U.S. Department of Justice for its role in selling bad mortgage loans to investors, which added to the Subprime mortgage crisis and the ensuing Great Recession in 2008.


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