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

kitmenkin@leasingnews.org
   


Thursday, September 5, 2019



Today's Leasing News Headlines

Scott Wheeler, CLFP, Compensation Survey Results
   Originator's Incomes/Production/Full Report
New Hires/Promotions in the Leasing Business
   and Related Industries
Now Hiring National Account Managers, Credit Analyst
   with Franchise Experience/$10,000 Starting Bonus
       for Experienced Sales Professionals
September---Be on Your Mark!
   Sales Makes it Happen by Scott Wheeler, CLFP
CLFP Academy Classes for Lease & Finance Professionals
    Attendance Update: Three Classes Scheduled
September Beige Book Report
   Economy Continues to Expand
National Funding Closes $120 Million Securitization
    with Guggenheim Securities
Give Me Liberty/America Factory
  Under the Silver Lake/Shadow/The Koker Triology
      Film/Digital Reviews by Leasing News' Fernando Croce
German Shepherd
  San Diego, California  Adopt-a-Dog
Nora Wants to go to the Leasing Conference in Palm Springs
  San Francisco Valley Leasing by Christopher Menkin
News Briefs---
Is This The Sears Endgame?
 77 More Stores Closing and HQ Being Sold, Insiders Say
Sears slashing 250 jobs at Hoffman Estates HQ
   Beginning in late October
Top Ten Manufacturing States
   Slideshow --Arrow to the Right
August auto data shows providers held the line on term
    down payment, amount financed
2020 Porsche Taycan arrives with up to 750 HP
     $150,900 base price
25 Most Expensive Cars to Insure
  Photos with Statistics

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
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[headlines]

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Scott Wheeler, CLFP, Compensation Survey Results
Originator's Incomes/Production/Full Report

The results are in. Wheeler Business Consulting conducted an industry-wide survey of originators. A total of 130 individuals participated in the survey. The sample group was made up of 26% bank originators, 48% originators from independent lessors/finance companies, and 26% originators working for syndication/origination/broker companies.

The industry continues to provide a lucrative career for originators, business development, and sales professionals.Of those surveyed, 24% of the participants had less than five years of experience, 16% had five to ten years of experience, and 60% had ten or more years of experience

The survey consisted of 75% small ticket originators, 21% middle market originators, and 4% large ticket originators.

Originators' Incomes

In 2018, 37% of the originators had incomes above $200.0K and 58% of the originators had incomes above $125.0K. The survey indicated that originators anticipate a strong 2019.

Of those surveyed, 41% of the originators expect incomes over $200.0K in 2019; and 64% expect their incomes to be over $125.0K.

Originators' Production

In 2018, 46% of the originators produced in excess of $10.0M and 27% produced in excess of $25.0M. The survey indicated that originators anticipate strong production in 2019; 54% anticipate production in excess of $10.0M and 28% anticipate production in excess of $25.0M.

2019 Anicipated Production

Graphic Charts:
http://www.wheelerbusinessconsulting.com/2019-compensation-survey.html

 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 




[headlines]
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New Hires/Promotions in the Leasing Business
and Related Industries


Leslie Conway was hired as Senior Sales Manager, Tandem Finance. She is located in the Greater Chicago Area.  Previously, she was Senior Business Development Manager, NewLane Finance (September, 2018 - July, 2019); Brand Partner, Neora (July, 2017 - Present); Tax Preparer, Butler Accounting & Tax (2009 - Present); Business Development Manager, Marlin Business Services Corp (June, 2015 - September, 2018); Regional Manager, Advantage Leasing Corporation (2005 - June,2015); Sales Representative, Coronet Funding (2001 - 2003); Sales Representative, Vanguard Financial/Old Kent Leasing (November, 1988 - June, 1999).  Volunteer: Citizens Advisory Committee Member, Kaneland School District (August, 2010 - August, 2011). Education: College of DuPage. Business. https://www.linkedin.com/in/leslie-conway-85aa714/


Steve DeSimone, CLFP, was hired as Area Sales Manager, Can Capital, Kennesaw, Georgia He is located in San Diego, California. Previously, he was Senior Business Finance Consultant, National Funding (March, 2010 - August, 2019); Senior Loan Consultant, La Jolla Wealth Management (September, 2008 - June, 2009); Account Executive, Countrywide (September, 2006 - September, 2008). Licenses & Certifications:  Financial Acumen, Corporate Finance. Colum Education: Columbia Business School. Banking, Corporate, Finance, and Securities Law. (2017). No Expiration Date.  CLFP, Certified Lease and Finance Professional. CLFP Foundation. (February, 2016).  Assistant Wrestling Coach, Torrey Pines High School (August, 2011 - 2012).  Volunteer, The Salvation Army (May, 2010 - June, 2012).Massachusetts Institute of Technology, MIT Fintech Certification, Fintech: Future Commerce (2016). University of California, San Diego. Management Science, Economics/Business (1998 - 2002). Activities and Societies: Sigma Nu, Executive Board. Loyola High School. https://www.linkedin.com/in/steve-desimone-clfp-0430993/


Tim Keel was hired as Vice President of Sales, Dext Capital, Lake Oswego, Oregon.  He is located in the Greater Los Angeles Area. Previously, he was Regional Finance Manager, Siemens Financial Services (September, 2017 - September, 2019); Vice President, Key Equipment Finance (May, 2010 - August, 2017); Vice President, Business Development, Bank of America (May, 2008 - May, 2010).  Education: California State University, Long Beach. Bachelor of Science (BS), Finance, General.
https://www.linkedin.com/in/tim-keel/


Paul A. Larkins was appointed to the Amur Equipment Finance Board of Directors, Grand Island, Nebraska. He is located in Colorado.  Presently he is Lead Director, Board of Advisors, Lereta, LLC. (June, 2019) He remains Senior Advisor, Aquiline Capital Partners (June, 2018).  Previously, he was President, CEO, and Director, SquareTwo Financial (April, 2009 - August, 2016); President and CEO; Key Equipment Finance, Key National Finance. Key Corporate & Commercial Bank (1993 - 2009); Senior Vice President, National Sales Manager; USL Capital (a Ford Financial Services Company). Ford Credit (1984 - 1993); Account Manager, IBM (February, 1980 - October, 1984). Volunteer: Board Member, Food for Thought, Denver (2012 - Present); Director, School of Economics and Business Administration, Saint Mary's College of California. Former Board Member Advisory, University of Colorado Boulder, Leeds School of Business (January, 2000 - January, 2011). Chairperson of the Board of the Equipment Leasing and Finance Association (ELFA) and has been elected to the ELFA Hall of Fame.  Leasing News Person of the Year 2006.  Top Performers Corner: Chairperson of the Board of the Equipment Leasing and Finance Association (ELFA) and has been elected to the ELFA Hall of Fame.  Education: Saint Mary's College of California. Bachelor of Science, BS, Economics and Business Administration. California Polytechnic State University, San Luis Obispo. Economics.  University of Delaware Professional and Continuing Studies. Stonier Graduate School of Banking (ABA). https://www.linkedin.com/in/paulalarkins/


Sylvie Lesage was promoted to Team Lead, Partner Services, CWB National Leasing, Winnipeg, Manitoba, Canada. She joined the firm July, 2010, as Account Manager; promoted November, 2017, Senior Account Manager.  Education: Universite de Saint' Boniface. https://www.linkedin.com/in/sylvie-lesage-0a25296a/\\


Joel Mikolich was named President at Falcon Leasing, St. Cloud, Minnesota. Previously, he w was Vice President, Division Sales Manager, Manufacturing, TCF Equipment Finance (September, 2018 - July, 2019); Vice President, Division, Sales Manager, Midland States Bank (January, 2018 - September, 2018); Equipment Finance Manufacturing Division Manger, Scottrade (April, 2014 - December, 2017); Relationship Manager, Equipment Finance, Manufacturing. U.S. Bank 2003 - 2014). Education: Concordia University, St. Paull. Bachelor's degree, Organizational Business Management. https://www.linkedin.com/in/joel-mikolich-4a99139/


 

[headlines]
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Help Wanted






[headlines]
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September---Be on Your Mark!

Sales Makes it Happen by Scott Wheeler, CLFP

The last third of 2019 is upon us. Top originators in the commercial equipment leasing and finance industry are expecting the rest of 2019 to be robust. Their backlogs going into September are stronger than usual. Below are a few comments which top performers have expressed in the last few weeks:

    The summer months were strong and my backlog is better than ever going into September. I am looking forward to capturing more than my fair share of business the rest of 2019.

  • I spent the summer building my top tier prospecting list for the rest of 2019 and I am confident that these efforts will increase my business for the remainder of 2019.
  • There is volatility in the market, but my customers are still buying equipment to replace old equipment and position themselves for growth. I am optimistic about the rest of 2019 and activity into 2020.
  • I am solidifying my vendor and end-user relationships for the future. I am being highly strategic with my time and efforts.
  • Many of my competitors have become complacent. The window of opportunity is still open and now is the time to push hard while the market is active.
  • The race is on for who will perform the best in the company and I plan to be at the top of the list. There is no room for slackers. Everyone on the team is producing at a high level in 2019.

As a top producer, are you thinking and acting like the other top producers in the industry? Are you energized to outperform the rest and place your name at the top of the leader board on December 31, 2019?

 
 Give More than 110%

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


 

[headlines]
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CLFP Academy Classes for Lease & Finance Professionals

Attendance Update: Three Classes Scheduled

 

The Academy for Lease & Finance Professionals (ALFP) is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming the attendee has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending.

On the first two days, all of the required sections of the CLFP exam are covered in-depth. On the third day, the exam is offered, but not mandatory. http://www.clfpfoundation.org/alfp.php

September 26, 2019
Hosted by International
Decision Systems (IDS)
8:00AM (UTC-06:00)
Ends: Saturday, September 28
5PM (UTC-) 6:00

Location: TBD, Minneapolis, MN

Spaces Left: 4
Registered: 25 registrants
http://www.clfpfoundation.org/event-3406090

November 14, 2019
Hosted by Odessa
Start: Thursday, November 14
8:00AM (EST)
End: Saturday, November 16
4:00Pm (EST)

Location: Two Liberty Place, 50 S. 16th St., 
Suite 2300, Philadelphia, PA 19102
 (For clarity on ease of access, entrance is on 16th Street between Chestnut and Market Streets)

Spaces Left: 1
Registered: 29 Registrants
http://www.clfpfoundation.org/event-3242914 

Hotels (with Odessa corporate rate):
The Windsor Suite, 1700 Benjamin Franklin Pkwy, Philadelphia, PA 19103
https://www.thewindsorsuites.com/ 

Corporate Rate of $149/night

For reservations call (215) 207-9942 or email reservations@thewindsorsuites.com and let them know you would like the Odessa Technologies, Inc. rate.

Cambria Hotel & Suites - Philadelphia Downtown Center City, 219 S. Broad Street, Philadelphia, PA 19107
https://www.choicehotels.com/pennsylvania/philadelphia/cambria-hotels/pa776?source=gyxt 

Corporate Rate of $149/night

For reservations: Call the Cambria hotel and Suites at 800-4CHOICE or the hotel directly at 
215-732-5500 and ask for the Odessa Technologies, Inc. rate.
Book directly online at www.cambriaphiladelphia.com and use the code LODESS

Recommended Hotels (without corporate rate): 
The Westin, 99 South 17th Street at Liberty Place, Philadelphia, PA 19103
(215) 563-1600
http://www.starwoodhotels.com/westin/property/overview/index.html?propertyID=1231&SWAQ=958C

Club Quarters, 1628 Chestnut St (at 17th Street), Philadelphia, PA 19103
(215) 282-5000
https://clubquartershotels.com/locations/club-quarters-hotel-philadelphia

Dress code:
Business casual - jeans okay!

For more information, please contact Reid Raykovich, CLFP at: reid@CLFPFoundation.org 

February 06, 2020

Start: Thu, February 06, 2020

8:00am

End: Sat, February 08, 2020

Location: Hosted by Fleet Advantage, LLC.
Class Location: TBD, Fort Lauderdale, Fl.
Spaces left: 20
Registered: Be the First
Recommended Hotels: To be determined

 

For use if you take the CLFP Exam in 2020, use sixth edition if taking the test this year)

The Handbook is available for purchase through the Foundation’s website and also through Amazon.  The 2019 CLFP Exam will continue to be based on the Sixth Edition of the Handbook, and in 2020, the Exam will be updated to reflect the new content.

www.clfpfoundation.org

 

[headlines]
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September Beige Book Report
Economy Continues to Expand

 

Overall Economic Activity
On balance, reports from Federal Reserve Districts suggested that the economy expanded at a modest pace through the end of August. Although concerns regarding tariffs and trade policy uncertainty continued, the majority of businesses remained optimistic about the near-term outlook. Reports on consumer spending were mixed, although auto sales for most Districts grew at a modest pace. Tourism activity since the previous report remained solid in most reporting Districts. On balance, transportation activity softened, which some reporting Districts attributed to slowing global demand and heightened trade tensions. Home sales remained constrained in the majority of Districts due primarily to low inventory levels, and new home construction activity remained flat. Commercial real estate construction and sales activity were steady, while the pace of leasing increased slightly over the prior period. Overall manufacturing activity was down slightly from the previous report. Among reporting Districts, agricultural conditions remained weak as a result of unfavorable weather conditions, low commodity prices, and trade-related uncertainties. Lending volumes grew modestly across several Districts. Reports on activity in the nonfinancial services sector were positive, with reporting Districts noting similar or improved activity from the last report.

Employment and Wages
Overall, Districts indicated that employment grew at a modest pace, on par with the previous reporting period. While employment growth varied by industry, some Districts noted manufacturing employment was flat to down. Firms and staffing agencies universally cited tightness across various labor market segments and skill levels, which continued to constrain growth in overall business activity. On balance, Districts reported that the pace of wage growth remained modest to moderate, similar to the previous reporting period. Districts continued to report strong upward pressure on pay for entry-level and low-skill workers, as well as for technology, construction, and some professional services positions. In addition to wage increases, some Districts noted other efforts—such as enhanced benefits offerings, work arrangement flexibility, and signing bonuses—to attract and retain employees.

Prices
On net, Districts indicated modest price increases since the last report. Retailers and manufacturers in some Districts reported slight increases in input costs. Although firms in some Districts noted an ability to pass along price increases, manufacturers relayed limited ability to raise prices. District reports on the impact of tariffs on pricing were mixed, with some Districts anticipating that the effects would not be felt for a few months.

Full Report:
https://www.federalreserve.gov/monetarypolicy/beigebook201909.htm


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

National Funding Closes $120 Million Securitization
with Guggenheim Securities

SAN DIEGO- The $120 million facility has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million.

National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its first asset-backed securitization (ABS) for $120 million. Guggenheim Securities served as sole structuring advisor and sole initial purchaser of the notes. The facility has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million. The notes priced at a blended yield of 4.58% per annum and provided for a 95% advance rate. National Funding served as risk retention sponsor. The notes were issued from a wholly-owned subsidiary of National Funding, NFAS, LLC, and consist of three classes. The most senior class of the three-tranche transaction earned an A(sf) rating from Kroll Bond Rating Agency (KBRA). The notes are secured by a revolving pool of short-term business loans.

To date, National Funding and its subsidiary, Quick Bridge Funding, have provided more than $3.5 billion in working capital and equipment leasing for more than 60,000 small- to medium-sized businesses nationwide.


CEO and founder, David Gilbert, commented, “This $120 million securitization positions National Funding for continued exponential growth as the economy evolves and technology drives business.

“At National Funding we believe in American small business owners. As one of the first alternative lenders in the marketplace with more than two decades of experience, we are committed to creating customized small business lending options, new loan products, and resources to help foster the financial well-being of small businesses.”

To learn more about National Funding, visit https://nationalfunding.com.

About National Funding
Founded in 1999, National Funding is a leading U.S. specialty finance company serving small- and medium-sized businesses. The company’s foundation is designed to serve American small business owners, by providing funding solutions to meet their needs to re-invest in their day-to-day operations and help them grow. National Funding’s digital loan process has elevated the company’s digital capabilities by delivering a simple and fast online application. Since 1999, National Funding and its subsidiary, Quick Bridge Funding have helped more than 60,000 small- to medium-sized businesses get access to over $3.5 billion in capital they need. For more information, visit https://www.nationalfunding.com.

About Guggenheim Securities
Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Chicago, Boston, Atlanta, San Francisco, and Houston. For more information, please contact us at GSinfo@GuggenheimPartners.com.

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

 




[headlines]
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Fernando's View
By Fernando F. Croce

New releases include a pair of culture-clash portraits (“Give Me Liberty,” “American Factory”), while dreamy noir (“Under the Silver Lake”), sumptuous intrigue (“Shadow”), and a sublime set (“The Koker Trilogy”) come to DVD.

In theaters:

Give Me Liberty (Music Box Films): East and West meet joyously in this dynamic comedy-drama from Russian director Kirill Mikhanovsky. Taking place over the course of a frantic day in wintry Milwaukee, the story is a road trip encompassing a large ensemble of characters and events ranging from talent shows to political riots. Vic (Chris Galust), a medical transport driver, finds himself at the center of this whirlwind, helping out grouchy patients while scrambling to keep a promise to take his family to a funeral. That’s when he meets Tracy (Lauren Spencer), a fierce young woman who at first fights with him but gradually helps him get through the day. Seasoning indie realism with deadpan humor and poignancy, Mikhanovsky serves up a fast-paced and heartening vision of mismatched humanity.

American Factory (Netflix): Oscar-nominated documentarians Steven Bognar and Julia Reichert bring their deft, observant camera to the Rust Belt in this incisive study of a clash of culture and labor. The subject is a General Motors plant in Ohio, which was shut down in 2008 only to be bought in 2014 by Chinese billionaire Cao Dewang and turned into the American arm of China’s biggest auto glass industry. The process of reviving the plant is a complicated one, highlighting the need for compromise and adaptation on both sides of the aisle. The filmmakers keep the focus scrupulously human, however, by interviewing the people affected by the project, from former workers hoping to climb out of poverty to Chinese arrivals dreaming of the new land. The results are engaged, empathetic, and stirring.

Nextflix: A vivacious comedienne with a razor-sharp wit, Valerie Harper (1939-2019) could light up screens big and small. So check out Netflix for her best roles, which include TV shows like “The Mary Tyler Moore Show” and “Rhoda,” and movies like “Freebie and the Bean” (1974) and “Chapter Two” (1979).

On DVD:

Under the Silver Lake (A24): Promising writer-director David Robert Mitchell follows the dread of his horror hit “It Follows” with the shaggy dreaminess of this neo-noir comedy-drama, set in a serenely surreal Los Angeles. Andrew Garfield stars as Sam, a thirtysomething slacker who fancies himself a private detective, scrambling to dodge an eviction notice while gazing obsessively at the mysterious blonde (Riley Keough) who turns up in his swimming pool. When she vanishes, however, Sam takes it up himself to track her down, determined to untangle what he sees as a network of conspiracies lurking under the bright California sun. Could he be onto something, or is that merely the haze of his own paranoia? Aiming for vibes out of “The Long Goodbye” or “Mulholland Drive,” Mitchell’s film weaves its own beguiling spell.


Shadow (Well Go USA Entertainment): Years after the sumptuous success of “Hero” and “House of the Flying Daggers,” Chinese director Zhang Yimou serves up another eye-popping epic with this blend of martial-arts action and intrigue. Set in the distant past during China’s Three Kingdoms period, the twisty, conspiracy-heavy narrative centers on the power struggle between the corrupt King of Pei (Zheng Kai) and diligent Commander Yu (Chao Deng), who has a secret doppelganger to take his place during battle. With the help of an enigmatic captain (Wang Qianyuan), Yu puts forth a plan with warriors trained in a new fighting style developed by his wife (Sun Li). As the plot pieces fall into place, Zhang’s film takes flight as a rousing, visually sweeping spectacle of betrayal and violence. With subtitles.

The Koker Trilogy (Criterion): Late Iranian master Abbas Kiarostami achieved international acclaim with this wonderful trio of films, each story nested inside the next in a way that mixes sophistication and simplicity. The first, “Where is the Friend’s Home” (1987), is a straightforward account of a young schoolboy trying to track down a friend’s address, full of humor and poignancy. The follow-up, “And Life Goes On” (1992), follows a fictional director driving to the location of the first film to check up on the young actors in the wake of an earthquake. And the third one, “Through the Olive Trees” (1994), pushes the meta-approach even further by focusing on a romance during the filming of “And Life Goes On.” Showcasing Kiarostami’s dizzying inventiveness and profoundly humanistic outlook, this is a must-see for cinema lovers. With subtitles.

[headlines]
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German Shepherd
San Diego, California  Adopt-a-Dog

Munich #597078
German Shepherd
Male | 1 Yrs. 7 Mths. | 59.4 lbs.
Adoption Fee: $95.00

How I arrived:
I was brought in by my previous owner on September 3, 2019.

At SDHS:
I have been vaccinated, micro-chipped and neutered. I'm now ready for my new home!

Why I am the one for you:
My Personality Color Code is Blue; meaning I'm Bashful...Shy...Introverted...Timid...and Coy! I am a sweet guy who will need some extra time up to acclimate to new situations and new people. Once you get to know me, I am very playful! Because of my shy nature, I would do best in a home with older, respectful children. Once I am comfortable around you, I have exuberant puppy energy! Because of this, I need a family who will continue my positive reinforcement training and give me plenty of exercise. If you think I could be the one for you come meet me today!

COLOR: Brown / Black
SPAYED/NEUTERED: Yes

I’M CURRENTLY LOCATED AT:
San Diego Campus
5500 Gaines Street
San Diego, CA 92110
619.299.7012
info@sdhumane.org

My adoption fee includes my spay/neuter, current vaccinations, permanent microchip identification, a certificate for a free veterinary exam, waived enrollment fee for medical insurance from PetFirst, and a license for residence in the city limits of Carlsbad, Del Mar, Encinitas, Escondido, Imperial Beach, Oceanside, Poway, San Diego, San Marcos, Santee, Solana Beach and Vista.

This website is live and updates frequently, there is chance that when you arrive at our location the animal you have an interest in might have been adopted or another party might be going through the adoption process at that present time. Please note the Animal ID and bring it with you.


[headlines]
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by Christopher Menkin

 

Nora Wants to go to the Leasing Conference in Palm Springs

(This is fiction; all names, places, circumstances are fictional.)

One of the first things that Larry Faber’s wife Nora said when she attended her first equipment leasing conference  was how overweight most of the people in the leasing business were. She told Larry if he got that overweight, he would have to sleep in a separate bedroom. She told him she was looking forward to that, too, as he also snored too much.

Larry loved his wife and two kids, but his wife’s candor was one of the reasons he liked to play golf so much, or softball after work on the weekends.

He didn’t like to take her to too many conventions, either, as she always wanted to go to lunch, not attend the convention dinners, and took too long in getting dressed, he thought. She also spoke her mind. Larry thought she was more Jewish than he was, although she converted from Catholicism to marry him. Her parents were Christian Persians (they never called it “Iran.”) Most of her friends over-dressed, Larry thought, wore too much jewelry, wore expensive designer clothes, and he thought Nora spent too much time putting her make-up on and getting dressed before going to a husband and wife leasing conference get together.. After all, this was only a leasing convention.

Larry knew he really couldn’t complain much as Nora in dressing, as she had terrific style, a well-built hour-glass shape, a very pretty face, beautiful hair, great nails, great clothes, great taste in almost everything, a great sense of humor and everyone liked her, even though she was often quite direct in her comments. She was also popular with the other women.

Perhaps as important to Larry, she also worked at his office for free, took great care of their two kids, and even converted to Judaism to marry him. Her father even liked Larry, especially to argue with him over international politics. Larry could hold his ground, and her father really respected him, although never told him that. How could Larry ever understand the Middle-East, let alone Persia, he never grew up there?

Nora  was working late at San Francisco Valley Leasing, doing billing, bookkeeping, and following up on paper work, so Larry went down to Frank’s office at 5pm. Normally Frank would come to Larry’s office with a glass of brandy and to smoke his Camel cigarettes.

“How do you want your brandy?” Frank asked.

“In a glass.”

“I mean with or without ice?”

“Ice. And you better not smoke as if Nora comes down here, she’ll tell your wife you are back to smoking.”

Frank poured two glasses of brandy with ice. Gave one to Larry. Then lit up a cigarette. He seemed to really suck the smoke into his mouth, then exhaled with a large smileo n his face.

“I run five miles a day, “he said. “One or two cigarettes isn’t going to kill me.”

“But the cancer will.”

“You sure are funny, Larry.”

“I’m going to the California Association leasing conference in Palm Springs this year, but I don’t want to take Nora. I want to leave early, play a lot of golf, make some new contacts, play a lot of golf, and have a good time.”

“I’m not stopping you.”

“Yes, you are. I told Nora you were going with me.”

“But I’m not.”

“That’s the point. If you say you are going, then she will understand it is all business.”

“But it isn’t all business.”

“All you have to do is say you are going.”

“But I’m not going.”

Larry took a big swig of the brandy. He would have preferred wine or even a cocktail, but not brandy. He thought it was a lady’s drink, or one of those English aristocrat drinks. Come to think of it, he would have preferred a beer or anything to brandy, but he wanted Frank to come to the leasing conference, or at least say he was planning to come, so he took a big gulp, and drank half the glass. Just as he did, the door burst open and scared him.

In through the door came Charlene, Frank’s wife. Frank immediately jumped up from his chair. It was his wife pulling a surprise visit.

“I thought I would catch you! “she said. “ I could smell it on your clothing. Who do you think you are fooling?”

Charlene was almost as tall as Frank, and slim, too. She had very long black hair, was wearing a green colored wrap over a gray blouse and black slacks. She had long legs and while dressed
as she was, moved as if she was wearing a long dress. She was angry.

“You put a shower in your office to use after running in the morning, but you should use it before you come home. The smell of tobacco is all over you. Who do you think you are fooling?”

Frank immediately put the cigarette out in the ashtray, which he was lucky was empty.

“And don’t offer me a brandy. If you want to come home and have one, you should---not stay here so you can smoke your cigarettes.”

And she walked back out the door as quickly as she came in.

Frank sat down, relieved that she left. He automatically started to reach for a cigarette.

“I wouldn’t do that, “Larry said. “ She may be coming back. Women are tricky, you know.”

Later that night, Nora told Larry that Charlene had visited him after her surprise visit of her husband. She had caught Frank smoking. She also said Frank was not going to the leasing conference, and so Nora was planning on accompanying him. Larry could take her shopping in some of the high end clothing stores in Palm Springs, she told him. She named a couple of the stores, but he had already tuned her out. He knew he would not be playing golf in Palm Springs. No sense bringing his golf clubs.

San Francisco Valley Leasing Short Stories
http://leasingnews.org/Pages/sfleasing.html


[headlines]

--------------------------------------------------------------

News Briefs----

Is This The Sears Endgame?
 77 More Stores Closing and HQ Being Sold, Insiders Say
https://www.forbes.com/sites/warrenshoulberg/2019/09/03/is-this-the-sears-endgame-reported-77-more-stores-closing-hq-being-sold/#75fc64c84444

Sears slashing 250 jobs at Hoffman Estates HQ
   beginning in late October
https://www.chicagobusiness.com/retail/sears-slashing-250-jobs-hoffman-estates-hq

Top Ten Manufacturing States
   Slideshow --Arrow to the Right
https://www.industryweek.com/resources/2019-iw-us-500-top-manufacturing-states/gallery?slide=1

August auto data shows providers held the line on term,
    down payment, amount financed
https://www.autoremarketing.com/subprime/august-data-shows-providers-held-line-term-down-payment-amount-financed

2020 Porsche Taycan arrives with up to 750 hp.
     $150,900 base price
https://www.cnet.com/roadshow/news/2020-porsche-taycan-official-debut-price/

Most expensive cars to insure
https://247wallst.com/special-report/2019/06/12/25-most-expensive-cars-to-insure-2/2/




Ralph Mango

Editor/writer of diverse business content: business plans, policy/process, and training. GM delivers results above plan.

Associate Editor Leasing News, responsible for proofreading and editing each news edition, as well as contributing content.

Available for Projects
ralphmango@hotmail.com


 



[headlines]

--------------------------------------------------------------


You May Have Missed---

Walmart is Launching its First Standalone Primary Care Clinic
  Dubbed Walmart Health, Piloted in Dallas, Georgia
https://www.businessinsider.com/walmart-unveils-new-primary-care-clinic-2019-9

 

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

 Baseball Canto

 

Lawrence Ferlinghetti

 

Watching baseball, sitting in the sun, eating popcorn,
reading Ezra Pound,
and wishing that Juan Marichal would hit a hole right through the
Anglo-Saxon tradition in the first Canto
and demolish the barbarian invaders.
When the San Francisco Giants take the field
and everybody stands up for the National Anthem,
with some Irish tenor's voice piped over the loudspeakers,
with all the players struck dead in their places
and the white umpires like Irish cops in their black suits and little
black caps pressed over their hearts,
Standing straight and still like at some funeral of a blarney bartender,
and all facing east,
as if expecting some Great White Hope or the Founding Fathers to
appear on the horizon like 1066 or 1776. 

But Willie Mays appears instead,
in the bottom of the first, and a roar goes up as he clouts the first one into the sun and takes off, like a foot runner from Thebes.
The ball is lost in the sun and maidens wail after him
as he keeps running through the Anglo-Saxon epic.
And Tito Fuentes comes up looking like a bullfighter
in his tight pants and small pointy shoes.
And the right field bleachers go mad with Chicanos and blacks and Brooklyn beer-drinkers,
"Tito! Sock it to him, sweet Tito!"
And sweet Tito puts his foot in the bucket
and smacks one that don't come back at all,
and flees around the bases like he's escaping from the United Fruit Company.
As the gringo dollar beats out the pound.
And sweet Tito beats it out like he's beating out sury,
not to mention fascism and anti-Semitism.
And Juan Marichal comes up, and the Chicano bleachers go loco again, as Juan belts the first ball out of sight, and rounds first and keeps going
and rounds second and rounds third,
and keeps going and hits pay dirt
to the roars of the grungy populace.
As some nut presses the backstage panic button
for the tape-recorded National Anthem again,
to save the situation. 

But it don't stop nobody this time,
in their revolution round the loaded white bases,
in this last of the great Anglo-Saxon epics,
in the territorial libre of Baseball.

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


Sports Briefs---

Source: Cowboys RB Ezekiel Elliott ends holdout,
   agrees to 6-year, $90 million contract extension
https://www.dallasnews.com/sports/cowboys/2019/09/04/source-cowboys-rb-ezekiel-elliott-ends-holdout-agrees-to-6-year-90-million-contract-extension/

Jim Irsay turned down $3.2 billion offer for Indianapolis Colts
https://www.usatoday.com/story/sports/nfl/colts/2019/09/04/indianapolis-colts-jim-irsay-offer/2214658001/

Clippers podcast: Ex-Warrior Andre Iguodala will join LA team today
https://www.eastbaytimes.com/2019/09/03/ex-warrior-andre-iguodala-headed-for-clippers-confirms-not-a-soul/

Antonio Brown finally chooses a helmet after month-long melodrama
https://www.eastbaytimes.com/2019/09/04/oakland-raiders-wide-receiver-antonio-brown-finally-chooses-a-helmet/


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


California Nuts Briefs---

Google widens Sunnyvale holdings with big property purchase
https://www.mercurynews.com/2019/09/03/google-widens-sunnyvale-holdings-with-big-property-purchase/

SF Bay Area restaurateurs want to charge diners
   for using credit cards.  But they’re scared
https://www.sfchronicle.com/restaurants/article/Bay-Area-restaurateurs-want-to-charge-diners-for-14411611.php



[headlines]

--------------------------------------------------------------




“Gimme that Wine”

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

Phylloxera Strikes Walla Walla Vineyards
https://www.wine-searcher.com/m/2019/09/phylloxera-strikes-walla-walla-vineyards

North Coast grape harvest shifts into high gear
    as oversupply looms large
https://www.pressdemocrat.com/business/9996186-181/north-coast-grape-harvest-shifts

High hopes as Bordeaux 2019 white wine harvest starts
https://www.decanter.com/wine-news/bordeaux-2019-white-wine-harvest-starts-423674/

The Rise of Premium Private label and its Impact on Discount Retailers
https://www.nielsen.com/us/en/insights/article/2019/the-rise-of-premium-private-label-and-its-impact-on-discount-retailers/

Testarossa Blesses Harvest at Los Gatos Winery
https://patch.com/california/saratoga/s/gtxov/testarossa-blesses-harvest-at-los-gatos-winery

Luxury wineries in Napa Valley, elsewhere need to better
    understand customers across sales channels
https://www.northbaybusinessjournal.com/northbay/napacounty/9907685-181/napa-wine-business-sales-marketing?ref=Template%20=


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

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

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

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

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

This Day in History

     1664 - After days of negotiation, the Dutch settlement of New Amsterdam surrendered to the British, who would rename it New York. The citizens of New Amsterdam petitioned Peter Stuyvesant to surrender to the English.
    1692 - The first divinity degree conferred in the American colonies was given to Increase Mather, sixth president of Harvard College. Mather received a Doctor of Divinity degree from Harvard under a new charter just granted by William and Mary, the English sovereigns.
    1774 - The first assembly of this fore­runner of the US Congress took place at Carpenters' Hall, Philadelphia, PA. Pey­ton Randolph, delegate from Virginia, was elected president. The participants were 44 delegates from 11 colonies. Delegates from Georgia and North Carolina did not attend until later sessions. The Congress adjourned on October 26, 1774, recommending another session to begin on May 10, 1775, in Philadelphia, Pa. Continental Congress's first President Peyton Randolph, resigned on October 22, 1775, to attend the Virginia State Legislature, and his place was taken on the same day by Henry Middleton of South Carolina
    1776 - Navy “standardized” uniforms were adopted by the Marine committee. Officers were to have blue coats with red lapels. The sailors were to have green coats and green shirts (if they can be procured), with shirt collars turned back and white waistcoats and breeches edged with green, black gaiters and garters.
    1781 - Battle of Virginia Capes: French defeat British, trapping Cornwallis This naval engagement on Chesapeake Bay was fought between a French fleet under Adm. de Grasse, which had Cornwallis bottled up at Yorktown and a British relief fleet under Adm. Thomas Graves. De Grasse drove the British back to New York City, precluding aid to Cornwallis. The British fleet arrived off the Virginia Capes and found 26 French warships in three straggling lines. Rear Adm. Thomas Graves waited for the French to form their battle lines and then fought for 5 days. Outgunned and unnerved, he withdrew to New York. The French had some 37 ships and 29,000 soldiers and sailors at Yorktown while Washington had some 11,000 men engaged. French warships defeated British fleet, trapping Cornwallis in Yorktown.
    1804 - In a daring night raid, American sailors under Lieutenant Stephen Decatur, board the captured USS Philadelphia and burned the ship to keep it out of the hands of the Barbary pirates who captured her.
    1812 - The Siege of Ft Wayne begins when Chief Winamac's forces attack two soldiers returning from the fort's outhouses.
    1836 - Sam Houston was elected president of the Republic of Texas. He was reelected and upon admission of Texas to the United States as the 29th state, he remained president, and then was elected as a Democrat to the Senate, where he served until 1859.
    1846 - Birthday of John W. Cromwell (d. 1927), Portsmouth, VA.  Secretary of the American Negro Academy.
http://docsouth.unc.edu/church/cromwell/bio.html
    1846 – Jack Daniel’s’ (d. 1911) birthday at Lynchburg, TN…where else?  Because of poor records and fires, this birthday is somewhat in dispute as is the date of the founding of the distillery.  Jack Daniel never married and did not have any children. However, he took his nephews under his wing, one of whom was Lemuel "Lem" Motlow (1869–1947). Lem, a son of Jack's sister, Finetta, was skilled with numbers and was soon doing all of the distillery's bookkeeping. In 1907, due to failing health, Jack Daniel gave the distillery to two of his nephews. Motlow soon bought out the other nephew and went on to operate the distillery for about forty years, interrupted between 1942 and 1946 when the U.S. government banned the manufacture of whiskey due to World War II. 
    1847 - Western legend and bandit Jesse Woodson James (d. 1882) was born at Centerville (now Kearney), MO. His criminal exploits were glorified and romanticized by writers for Eastern readers looking for stories of Western adventure and heroism. Many of them were women, who never left New York City, and worked for very low wages turning out Western novels. After the Civil War, James and his brother, Frank, formed a group of eight outlaws who robbed banks, stagecoaches and stores. In 1873, the James gang began holding up trains. The original James gang was put out of business September 7, 1876, while attempting to rob a bank at Northfield, MN. Every member of the gang except for the James brothers was killed or captured; pictures of the men in coffins appeared on the front pages of national newspapers. The brothers formed a new gang and resumed their criminal careers in 1879. Two years later, the governor of Missouri offered at $10,000 reward for their capture, dead or alive (that was a considerable amount of money in those days.) On April 3, 1882 at St. Joseph, MO., Robert Ford, a member of the gang, shot 34-year-old Jesse in the back of the head as he was hanging a picture and claimed the reward.
(lower half of http://memory.loc.gov/ammem/today/sep05.html )
    1859 - "Our Nig or Sketches From the Life of A Free Black" by Harriet Wilson is published. The first novel published in the US by an African-American woman. Lost to readers for years until reprinted with a critical essay by noted African-American scholar Henry Louis Gates, Jr. in 1983.
http://www.harrietwilsonproject.org/
    1863 - United States Foreign Minister to Great Britain, Charles Francis Adams, sends an angry letter to the British government warning that war between the two nations may erupt if it allows two powerful ironclad ships, designed to help the Confederates break the Union naval blockade, to set sail. In the early stages of the war, the British toyed with the idea of recognizing the Confederacy. But Southern hopes of such support were dashed by the end of 1862, when President Lincoln's Emancipation Proclamation converted the war from one of reunification to a war to abolish slavery. British politicians would be hard pressed to explain to the British people why they were forming an alliance with a slave-holding nation. But in 1863, another thorn appeared in the side of Anglo-American relations. Throughout the war, Confederate agents in England acquired ships from British shipyards that were later used in the Confederate navy. This seemed to be in violation of Britain's own Neutrality Act of 1819, which forbade the building, equipping, or arming of warships to be used against any nation with which the British were at peace. During the American Civil War, the British argued that selling ships to the Confederates was not a violation of the law so long as they were not armed. So the Confederacy simply purchased the ships and then took them to another port before adding the armament. Confederate agent James Bulloch contracted the Laird Shipbuilding Company to construct two ironclads with large iron spikes attached to their prows in order to ram wooden Union blockade ships. In the summer of 1863, Union spies delivered the details of their construction to Adams, who then sent a series of angry and threatening letters warning the British of the consequences of allowing the ships to sail. On September 5, Adams concluded a letter to British Foreign Secretary Lord Russell with the words: "It would be superfluous in me to point out to your Lordship that this is war." Adams became a hero in the United States, but the British government had already made the decision to hold the ships in England. A major foreign crisis was averted, and any glimmer of Confederate hope for British recognition vanished.
    1867 - The most famous cow town was Abilene, Kansas. In the late 1860's, Abilene was the terminus of the Kansas Pacific Railway. In 1867, Illinois cattleman Joseph Geating McCoy bought the entire town for $2,400 and turned it into a central shipping depot for cattle driven north from rural Texas along the Chisholm Trail. The first rail shipping took place this day in 1867, when 30 Kansas Pacific Railway cars full of Texas longhorns embarked for slaughterhouses in Kansas City and Chicago. The first year, 35,000 head of cattle were shipped through Abilene.
    1870 - Three Roman Catholic universities were founded in the United States on this exact same date: St. John's in New York City, Loyola in Chicago, and Canisius in Buffalo, New York.
    1873 – One of the original ‘captains of industry,’ Cornelius Vanderbilt III (d. 1942) was born in NYC.  Vanderbilt was an inveterate tinkerer and during his lifetime.  He patented more than thirty inventions for improving locomotives and freight cars, including several which brought him a significant royalty income. Some of the most important were a corrugated firebox for locomotives that resulted in a substantial increase in fuel efficiency, a cylindrical styled tank car for the transport of bulk oil, and a revolutionary type of locomotive tender. In addition, on his travels to London and Paris, he saw the potential for adapting their subway systems for New York City and partnered with August Belmont, Jr. to establish the Interborough Rapid Transit Company for the construction of the city's first subway.  He also served in the military in the Mexican War and World War I, and he received recognition not only from the US but from France, Belgium, and England. 
    1874 – Early baseball star and Hall of Famer Nap Lajoie (d. 1959) was born in Woonsocket, RI. He played for the Philadelphia Phillies and the Philadelphia A’s (twice), and the Cleveland Naps between 1896 and 1916. He managed the Naps from 1905 through 1909.  Lajoie in 1914 joined Cap Anson and Honus Wagner as the only Major Leaguers at the time to record 3,000 career hits.  He was elected to the Baseball Hall of Fame in 1937. 
    1877 - Southern blacks led by Benjamin “Pap” Singleton settle in Kansas.
http://www.tnstate.edu/library/digital/single.htm
    1877 - Oglala Sioux chief Crazy Horse is fatally bayoneted by a U.S. soldier after resisting confinement in a guardhouse at Fort Robinson, Nebraska. A year earlier, Crazy Horse was among the Sioux leaders who defeated George Armstrong Custer's Seventh Cavalry at the Battle of Little Bighorn in Montana Territory. The battle, in which 265 members of the Seventh Cavalry, including Custer, were killed, was the worst defeat of the U.S. Army in its long history of warfare with the Native Americans. After the victory at Little Bighorn, U.S. Army forces led by Colonel Nelson Miles pursued Crazy Horse and his followers. His tribe suffered from cold and starvation, and on May 6, 1877, Crazy Horse surrendered to General George Crook at the Red Cloud Indian Agency in Nebraska. He was sent to Fort Robinson, where he was killed.
    1881 - Great Michigan Fire: According to Michigan Historical Commission, “Small fires were burning in the forests of the ‘Thumb area of Michigan,' tinder-dry after a long, hot summer, when a gale swept in from the southwest.  Fanned into an inferno, the fire raged for three days. A million acres were devastated in Sanilac and Huron counties alone. At least 125 persons died, and thousands more were left destitute. The new American Red Cross won support for its prompt aid to the fire victims. This was the first disaster relief furnished by this great organization.
    1882 - The First Labor Day parade is held in NYC.
http://memory.loc.gov/ammem/today/sep05.html
    1888 - American baseball player-turned-evangelist Billy Sunday, 26, married Helen Thompson, 20. In later years, she became affectionately known as "Ma Sunday," and became his evangelistic campaign advisor. She survived Billy (d.1935) by 22 years.
    1895 - African-American George Washington Murray elected to US Congress from South Carolina.
    1897 - Birthday of Arthur Charles Nielsen (d. 1980) at Chicago.  Marketing research engineer, founder of AC Nielsen Company in 1923.  AC Nielsen Company is known for radio and TV audience surveys. 
    1902 – Movie mogul Darryl F. Zanuck (d. 1977) born at Wahoo, NE.  Zanuck fought on both World Wars.  He earned three Oscars during his tenure that included writing, producing and head of three studios, and his start rests on the Hollywood Walk of Fame. 
    1905 - Slyvanus F. Bowser of Fort Wayne, IN, introduced a “self-measuring Gasoline Storage Pump.” The design, which was based on Bowser's earlier design for a kerosene pump, consisted of ventilated wooden box containing a 50-gallon metal tank. The gasoline was suction-pumped by hand through a hose. He called it a “gas pump.”
    1905 - In New Hampshire, the Treaty of Portsmouth, mediated by U.S. President Theodore Roosevelt, ends the Russo-Japanese War.
    1906 – Game changer… The first legal forward pass is thrown by Bradbury Robinson of St. Louis University to teammate Jack Schneider in a 22–0 victory over Carroll College (WI).
    1912 - Birthday of avant-garde American composer John Cage (d. 1992), at Los Angeles, CA. He pioneered the experimental music and perfor­mance art schools. He used non-traditional instruments such as flower pots and cowbells in innovative situations, such as per­formances governed by chance, in which the I Ching was con­sulted to determine the direction of the performance. In 1978, he was elected to the American Academy of Arts and Sciences, and in 1982, was awarded France's highest honor for cultural contri­butions, Commandeur de I'Ordre des Arts et des Lettres.
    1914 - Babe Ruth hit his first, and only minor league, home run as a professional while playing for Providence in the International League, a minor league affiliate of the Boston Red Sox. He also pitched a 9-0, one-hit shutout against Toronto in Toronto.
    1921 – Roscoe “Fatty” Arbuckle’s party in San Francisco ends with the death of the young actress Virginia Rappe: one of the first Hollywood scandals.
    1921 – Jack Valenti (d. 2007) birthday in Houston.  Longtime president of the Motion Picture Association of America. During his 38-year tenure in the MPAA, he created the MPAA film rating system (PG13, R, G), and he was generally regarded as one of the most influential pro-copyright lobbyists in the world. 
    1925 - The temperature at Centerville, AL, soars to 112 degrees to establish a state record. Every reporting station in Alabama was 100 degrees or above that afternoon.
    1927 – Paul Volcker born at Cape May, NJ.  He was Chairman of the Federal Reserve under Presidents Carter and Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Obama from February 2009 until January 2011.
    1929 - Comedian Bob Newhart was born Oak Park, IL.
    1931 - Birthday of pianist Richie Powell (d. 1956), NYC. 
http://www.cleveland.oh.us/wmv_news/jazz37.htm 
    1933 - A hurricane hit Brownsville, TX, killing forty persons and causing 12 million dollars damage.
    1937 – Actor William Devane born, Albany, NY.
    1939 - Lester Young records “Lester Leaps IN” with Count Basie Kansas City 7.
    1940 – Raquel Welch’s birthday in Chicago, born Jo Raquel Tejada.
    1940 - Duke Ellington records, “In a Mellotone.” 
    1942 – Japan suffers its first defeat in a land war in World War II when its high command orders retreat at the Battle of Milne Bay.
    1944 - MERLI, GINO J., Medal of Honor.
Rank and organization: Private First Class, U.S. Army, 18th Infantry, 1st Infantry Division. Place and date: Near Sars la Bruyere, Belgium, 4-5 September 1944. Entered service at: Peckville, Pa. Birth: Scranton, Pa. G.O. No.: 64, 4 August 1945. Citation: He was serving as a machine gunner in the vicinity of Sars la Bruyere, Belgium, on the night of 4-5 1944, when his company was attacked by a superior German force Its position was overrun and he was surrounded when our troops were driven back by overwhelming numbers and firepower. Disregarding the fury of the enemy fire concentrated on him he maintained his position, covering the withdrawal of our riflemen and breaking the force of the enemy pressure. His assistant machine gunner was killed and the position captured; the other 8 members of the section were forced to surrender. Pfc. Merli slumped down beside the dead assistant gunner and feigned death. No sooner had the enemy group withdrawn then he was up and firing in all directions. Once more his position was taken and the captors found 2 apparently lifeless bodies. Throughout the night Pfc. Merli stayed at his weapon. By daybreak the enemy had suffered heavy losses, and as our troops launched an assault, asked for a truce. Our negotiating party, who accepted the German surrender, found Pfc. Merli still at his gun. On the battlefield lay 52 enemy dead, 19 of whom were directly in front of the gun. Pfc. Merli's gallantry and courage, and the losses and confusion that he caused the enemy, contributed materially to our victory .
    1945 – The Cold War begins…Igor Gouzenko, a Soviet embassy clerk, defects to Canada, exposing Soviet espionage in North America.
    1947 - Jazz and R&B singer, drummer, and bandleader Buddy Miles (d. 2008) was born in Omaha.
    1950 - Baptist Bible College was founded in Springfield, MO, under auspices of the Baptist Bible Fellowship. With an enrollment of over 2,000, it is today one of the largest Bible colleges in America.
    1950 - Hurricane Easy produced the greatest 24-hour rainfall in U.S. weather records. The hurricane deluged Yankeetown, on the upper west coast of Florida, with 38.7 inches of rain.
    1950 - KAUFMAN, LOREN R., Medal of Honor.
Rank and organization: Sergeant First Class, U.S. Army, Company G, 9th Infantry Regiment. Place and date: Near Yongsan, Korea, 4 and 5 September 1950. Entered service at: The Dalles, Oregon. Born: 27 July 1923, The Dalles, Oregon. G.O. No.: 61, 2 August 1951. Citation: Sfc. Kaufman distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. On the night of 4 September the company was in a defensive position on 2 adjoining hills. His platoon was occupying a strong point 2 miles away protecting the battalion flank. Early on 5 September the company was attacked by an enemy battalion and his platoon was ordered to reinforce the company. As his unit moved along a ridge it encountered a hostile encircling force. Sfc. Kaufman, running forward, bayoneted the lead scout and engaged the column in a rifle and grenade assault. His quick vicious attack so surprised the enemy that they retreated in confusion. When his platoon joined the company he discovered that the enemy had taken commanding ground and pinned the company down in a draw. Without hesitation Sfc. Kaufman charged the enemy lines firing his rifle and throwing grenades. During the action, he bayoneted 2 enemies and seizing an unmanned machine gun, delivered deadly fire on the defenders. Following this encounter the company regrouped and resumed the attack. Leading the assault he reached the ridge, destroyed a hostile machine gun position, and routed the remaining enemy. Pursuing the hostile troops he bayoneted 2 more and then rushed a mortar position shooting the gunners. Remnants of the enemy fled to a village and Sfc. Kaufman led a patrol into the town, dispersed them, and burned the buildings. The dauntless courage and resolute intrepid leadership of Sfc. Kaufman were directly responsible for the success of his company in regaining its positions, reflecting distinct credit upon himself and upholding the esteemed traditions of the military service.
    1952 - McLAUGHLIN, ALFORD L., Medal of Honor.
Rank and organization: Private First Class, U.S. Marine Corps Company L, 3d Battalion, 5th Marines, 1st Marine Division (Rein.) Place and date: Korea, 4 and 5 September 1952. Entered service at: Leeds, Ala. Born: 18 March 1928, Leeds, Ala. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a machine gunner of Company L, in action against enemy aggressor forces on the night of 4-5 September 1952. Volunteering for his second continuous tour of duty on a strategic combat outpost far in advance of the main line of resistance, Pfc. McLaughlin, although operating under a barrage of enemy artillery and mortar fire, set up plans for the defense of his position which proved decisive in the successful defense of the outpost. When hostile forces attacked in battalion strength during the night, he maintained a constant flow of devastating fire upon the enemy, alternately employing 2 machineguns, a carbine, and hand grenades. Although painfully wounded, he bravely fired the machineguns from the hip until his hands became blistered by the extreme heat from the weapons and, placing the guns on the ground to allow them to cool, continued to defend the position with his carbine and grenades. Standing up in full view, he shouted words of encouragement to his comrades above the din of battle and, throughout a series of fanatical enemy attacks, sprayed the surrounding area with deadly fire, accounting for an estimated 150 enemy dead and 50 wounded. By his indomitable courage, superb leadership, and valiant fighting spirit in the face of overwhelming odds, Pfc. McLaughlin served to inspire his fellow marines in their gallant stand against the enemy and was directly instrumental in preventing the vital outpost from falling into the hands of a determined and numerically superior hostile force. His outstanding heroism and unwavering devotion to duty reflect the highest credit upon himself and enhance the finest traditions of the U.S. Naval Service.
    1952 - BENFOLD, EDWARD C., Medal of Honor.
Rank and organization: Hospital Corpsman Third Class, U.S. Navy, attached to a company in the 1st Marine Division. Place and date: Korea, 5 September 1952. Entered service at: Philadelphia, Pa. Born: 15 January 1931, Staten Island, N.Y. Citation: For gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving in operations against enemy aggressor forces. When his company was subjected to heavy artillery and mortar barrages, followed by a determined assault during the hours of darkness by an enemy force estimated at battalion strength, HC3c. Benfold resolutely moved from position to position in the face of intense hostile fire, treating the wounded and lending words of encouragement. Leaving the protection of his sheltered position to treat the wounded when the platoon area in which he was working was attacked from both the front and rear, he moved forward to an exposed ridge line where he observed 2 marines in a large crater. As he approached the 2 men to determine their condition, an enemy soldier threw 2 grenades into the crater while 2 other enemy charged the position. Picking up a grenade in each hand, HC3c Benfold leaped out of the crater and hurled himself against the on-rushing hostile soldiers, pushing the grenades against their chests and killing both the attackers. Mortally wounded while carrying out this heroic act, HC3c. Benfold, by his great personal valor and resolute spirit of self-sacrifice in the face of almost certain death, was directly responsible for saving the lives of his 2 comrades. His exceptional courage reflects the highest credit upon himself and enhances the finest traditions of the U.S. Naval Service. He gallantly gave his life for others.
    1952 - GARCIA, FERNANDO LUIS,  Medal of Honor.
Rank and organization: Private First Class, U.S. Marine Corps, Company I, 3d Battalion, 5th Marines, 1st Marine Division (Rein.). Place and date: Korea, 5 September 1952. Entered service at: San Juan, P.R. Born: 14 October 1929, Utuado, P.R. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a member of Company I, in action against enemy aggressor forces. While participating in the defense of a combat outpost located more than 1 mile forward of the main line of resistance during a savage night attack by a fanatical enemy force employing grenades, mortars, and artillery, Pfc. Garcia, although suffering painful wounds, moved through the intense hail of hostile fire to a supply point to secure more hand grenades. Quick to act when a hostile grenade landed nearby, endangering the life of another marine, as well as his own, he unhesitatingly chose to sacrifice himself and immediately threw his body upon the deadly missile, receiving the full impact of the explosion. His great personal valor and cool decision in the face of almost certain death sustain and enhance the finest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1955 - Top Hits
“Rock Around the Clock” - Bill Haley & His Comets
“The Yellow Rose of Texas” - Mitch Miller
“Autumn Leaves” - Roger Williams
“I Don't Care” - Webb Pierce
    1956 - Elvis Presley surprises his mother with a gift of a pink Cadillac. The car will remain in the Presley family and eventually goes on display at Graceland.
    1956 - Johnny Cash hit the record charts running with "I Walk the Line." Cash's debut hit song climbed to #17 on the pop music charts.
    1957 - Jack Kerouac's "On the Road," depicting a generation of restless spirits, is published. "Regarded as the foundation text for the Beat movement, the book was written on a single scroll of paper, made up of 12-foot long sheets of tracing paper taped together and fed through a typewriter continuously, so Kerouac would not have to pause his train of thought. He wrote in fits of inspiration that lasted for days, fueled by amphetamine binges and lack of sleep. The entire process took 20 days and ended with a single spaced, 120-foot long scroll."
    1958 - Martin Luther King is arrested in an Alabama protest for loitering and fined $14 for refusing to obey police.
    1960 - Annette Funicello's "Pineapple Princess" entered the Billboard Pop chart, where it will reach #11.
    1960 - Cassius Clay of Louisville, KY won the gold medal in light heavyweight boxing at the Olympic Games in Rome, Italy. Clay would later change his name to Muhammad Ali and become one of the great boxing champions in the world. In 1996, at the Olympic Games in Atlanta, GA, Muhammad Ali was given the honor of lighting the Olympic flame.
    1961 - President John F. Kennedy signed the skyjacking law enacted by Congress. It made hijacking punishable by death or not less than 20 years imprisonment. Carrying a concealed or dangerous weapon was subject to a fine of $42,000 or imprisonment of not more than one year, or both. It did not provide for inspection of carry-on baggage, or persons, or any other implementation except for making it against the law. It was in reaction to a string of hijackings that followed the May 1, 1961 hijacking of an airplane by gun and knife to Havana. The press called them “skyjackings” and thus a new word was also born.
    1963 - Top Hits
“My Boyfriend's Back” - The Angels
“Hello Mudduh, Hello Fadduh!” - Allan Sherman
“Blowin' in the Wind” - Peter, Paul & Mary
“Ring of Fire” - Johnny Cash
    1964 - The Animals’ "House of the Rising Sun" made it to #1. It stayed at the top until it was replaced three weeks later by Roy Orbison's "Oh, Pretty Woman." Orbison's smash was just entering the pop charts on this day, for a 14-week run.
    1964 - "And I Love Her" by The Beatles peaks at #12 on the pop singles chart while "If I Fell" peaks at #53.
    1964 - Manfred Mann's "Do Wah Diddy Diddy" is released.
    1965 - San Francisco Examiner writer Michael Fallon applies the term "hippie" to the SF counterculture in an article about the Blue Unicorn coffeehouse where LEMAR (Legalize Marijuana) and the Sexual Freedom League meet, declares the Beat movement is alive in the Haight-Ashley district as rents were cheap compared to the rest of the city and many
lived in the same flat, sleeping on the floor in groups.  Actually, “Hippie”
was a derogatory term to describe a “would be” hipster, a slang
used in Harlem, New York. It primarily referred to white “would be” hipsters who tried to be “black and hip,” but were not. They were called “hippies.”
http://www.journalofantiques.com/May02/featuremay02.htm
http://wild-bohemian.com/named.htm
    1965 - The Rolling Stones fly to Los Angeles to record "Get Off My Cloud" and other tunes.
    1966 - Labor Day opening of Martha and The Vandellas at the San Francisco Fillmore Auditorium.
    1968 - John Lennon takes a plane to Germany to begin filming his first and only major movie role, appearing as "Pvt. Gripweed" in director Richard Lester's latest movie, the World War II satire “How I Won the War.” While filming, Lennon is quite taken with the "granny glasses" his character uses, and begins to wear them upon returning home, resulting in a major piece of his visual iconography.
    1969 - Lt. William Calley is charged with six specifications of premeditated murder in the death of 109 Vietnamese civilians at My Lai in March, 1968. Calley, a platoon leader in Charlie Company, 1st Battalion, 20th Infantry, 11th Infantry Brigade (Light) of the 23rd (Americal) Division, had led his men in a massacre of Vietnamese civilians, including women and children, at My Lai 4, a cluster of hamlets that made up Son My village in Son Tinh District in Quang Ngai Province in the coastal lowlands of I Corps Tactical Zone on March 16, 1968. The company had been conducting a search and destroy mission as part of the yearlong Operation Wheeler/Wallowa (November 1967 through November 1968). In search of the 48th Viet Cong (VC) Local Force Battalion, the unit entered Son My village but found only women, children, and old men. Frustrated by unanswered losses due to snipers and mines, the soldiers took out their anger on the villagers, indiscriminately shooting people as they ran from their huts and systematically rounding up the survivors, allegedly leading them to nearby ditch where they were executed. Reportedly, the killing was only stopped when Warrant Officer Hugh Thompson, an aero-scout helicopter pilot landed his helicopter between the Americans and the fleeing South Vietnamese, confronting the soldiers and blocking them from further action against the villagers. The incident was subsequently covered up, but eventually came to light a year later.
    1970 - Estimated 6" of rainfall, Bug Point, Utah (state record)
    1970 - Joe Cocker's "Mad Dogs and Englishmen" enters the LP charts.
    1971 - Top Hits
“Uncle Albert/Admiral Halsey” - Paul & Linda McCartney
“Smiling Faces Sometimes” - The Undisputed Truth
“Spanish Harlem” - Aretha Franklin
“Easy Loving” - Freddie Hart
    1972 - Roberta Flack and Donny Hathaway won a gold record for their duet, "Where is the Love." The song got to number five on the pop music charts and was one of two songs that earned gold for the duo. The other was "The Closer I Get To You" (1978).
    1975 - Lynette A. “Squeaky” Fromme, a follower of convicted murderer Charles Manson, attempted to shoot President Gerald Ford. On September 22 of the same year, another attempt on Ford's life occurred when Sara Jane Moore shot at him.
    1975 - Strong winds reduced visibilities to near zero in blowing dust resulting in a 22-car chain reaction accident on Interstate 10 near Toltec, AZ. Two persons were killed, and 14 others were injured.
    1976 - During Jerry Lewis' annual Labor Day Telethon on NBC-TV, musical guest Frank Sinatra announces that he's brought a friend along -- and produces Dean Martin, Lewis' former comedy partner, who had not spoken to him since the duo's dissolution twenty years earlier. The tearful crowd erupts in laughter when Lewis greets Martin with, "So, you working?"
    1976 - No. 1 Billboard Pop Hit: "(Shake, Shake, Shake) Shake Your Booty," KC & the Sunshine Band.
    1978 - The Camp David Accords negotiations began at Camp David, MD.  The peace treaty was signed by President Anwar El Sadat of Egypt and Israeli Prime Minister Menachem Begin on 17 September 1978, following thirteen days of secret negotiations. The two framework agreements were signed at the White House, and were witnessed by President Jimmy Carter.
    1979 - Top Hits
“My Sharona” - The Knack
“After the Love Has Gone” - Earth, Wind & Fire
“Don't Bring Me Down” - Electric Light Orchestra
“Heartbreak Hotel” - Willie Nelson & Leon Russell
    1979 - Anne Myers, All-American basketball player from UCLA, made history by signing a contract with the Indiana Pacers of the NBA, the first woman to do so. Meyers worked out with the team throughout training camp but was cut before the season began.
    1981 - "Stop Draggin' My Heart Around" by Tom Petty and Stevie Nicks peaks at #3 on the singles chart; The Greg Kihn Band's "The Breakup Song (They Don't Write 'Em)" peaks at #15 and Foreigner's "Urgent" peaks at #4.
    1983 - Originally, this PBS news show was called “The MacNeil-Lehrer Report” and was on every weeknight for a half hour starting in 1976. Robert MacNeil and Jim Lehrer were joined by Charlayne Hunter-Gault and Judy Woodruff. In 1983, the show was expanded to an hour and became TV's first regularly scheduled daily hour news show. The show has been praised for its depth and objectivity. In 1995, Robert MacNeil retired and the show was retitled “The News hour with Jim Lehrer.”
    1986 - Dire Straits' "Money For Nothing" wins and MTV award for Best Video.
    1987 - "American Bandstand" was cancelled after 30 years on the air.
    1987 - Top Hits
“La Bamba” - Los Lobos
“I Just Can't Stop Loving You” - Michael Jackson with Siedah Garrett
“Only in My Dreams” - Debbie Gibson
“She's Too Good to Be True” – Exile
    1988 - Five days of heavy rain commenced in west central Florida. Up to 20 inches of rain in four days resulted in extensive urban flooding, and evacuation of 1000 homes. Flooding claimed four lives, and caused more than five million dollars property damage.
    1991 - R.E.M. wins 5 MTV Video Music awards, including video of the year for "Losing My Religion."
    1996 – Hurricane Fran batters Cape Fear, NC and the Outer Banks as a category 3 storm with 115 mph sustained winds, causes over $3 billion in damage and kills 27 people.
    1997 - Space Milestone: Voyager I was launched, setting a new distance record when, after more than 20 years in space, it reached 6.5 billion miles from Earth.
    1989 - Chris Evert's tennis career came to an end in the quarterfinals of the US Open when she was defeated, 7-6, 6-2 by Zina Garrison.
    1998 - Aerosmith's "I Don't Want to Miss a Thing" debuted at #1 on U.S. music charts. The song, from the movie, "Armageddon", was the first single by Aerosmith to reach number one. It stayed at the top through the entire month of September. 
    2007 - Unknown at the time, Bob Sheppard works his last game at Yankee Stadium, a task he has performed over 4,500 times since becoming the team's P.A. announcer in 1951. The 96-year old 'Voice of God' is replaced by his longtime sub Jim Hall and Paul Olden, who will fill the position when the team moves to the new ballpark in 2009.  Sheppard, who died in 2010, is still heard on the YES Network in the introductions, “Ladies and gentlemen, you’re listening to YES, the Yankees Entertainment and Sports Network.”  Former Yankee Derek Jeter had Sheppard record his at-bat introductions for use at home games after Sheppard passed, “Now batting for the Yankees, the shortstop, numbuh 2, Derek Jetuh, numbuh 2.”  The Yankees' first home game after Sheppard's death, on July 16, 2010, was played with an empty public address booth and no announcements. May 7, 2000, his 50th year with the Yankees, was designated "Bob Sheppard Day" and a plaque honoring him was unveiled in Yankee Stadium's Monument Park.  
    2010 - Bill Mazeroski looks on, on his 64th birthday, as four of his Pirates teammates unveil a 14-foot, 2,000-pound statue commemorating his walk-off home run in Game 7 of the 1960 World Series. The work includes an actual section of the left-center field wall over which the second baseman homered at the 406’ mark off Yankee hurler Ralph Terry in the Pirates’ 10-9 victory. 
    2012 – For the first time, a browsable analyzable overview of 4 million functional elements of the human genome discovered to date, are made available to the public in the “Encyclopedia of DNA Elements.”
    2012 – A the Democratic National Convention, the Party voted three separate times in order to approve putting the terms, “God,” “Jerusalem,” and “Israel” back into the platform.
 

*** Randolph, Peyton (1721-1775), was an American lawyer who served as president of both the First and the Second Continental Congresses in 1774 and 1775. Those two meetings of colonial leaders at first sought fair treatment from Britain for the American Colonies but eventually declared independence. Randolph himself held moderate political views. He persuaded extreme patriots and those with more cautious views to work together.  Randolph was born in Williamsburg into one of Virginia's most respected families. He graduated from the College of William and Mary and then studied law at the Inns of Court in London. In 1748, Randolph became attorney general of Virginia. That year, he won election to the House of Burgesses, Virginia's legislature. In 1766, he became Speaker of the House.  The British governor of Virginia dissolved the House of Burgesses in 1774. Its members then met in a series of revolutionary conventions. Randolph was elected to preside over the conventions in 1774 and 1775. He headed Virginia's delegates to the First and Second Continental Congresses. He was elected as the first president of both meetings. He died in October 1775, five months after the Second Continental Congress began.
http://www.history.org/almanack/people/bios/biorapey.cfm

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