Resetting Expectations

Sales Makes it Happen by Scott Wheeler, CLFP

Much has changed over the past few months. Originators may need to reset their expectations and clarify new processes. Vendors and end-users will accept change if it is explained and transparent. 

Many originators are faced with significant changes in their credit approval, documentation and funding processes. Top originators are facing these changes upfront and setting realistic expectations.

An originator recently explained how, prior to the pandemic, his company routinely adjudicated credit in a matter of hours and vendors were immediately informed of decisions. The process is now taking at least 24 hours and. at times, a few days. The credit department and funding partners are rightfully digging deeper on every transaction to mitigate risk. However, the originator continues to promise a few hours turnaround on credit decisions. He is routinely over promising and under delivering. He has lost several key relationships.  

An originator employed by the same finance company has taken a different approach. She explains upfront to her vendors that the company is being more prudent and is investigating every transaction with more caution. She explains that the company is able to better understand each customer and deliver better approvals, but that the process is taking slightly longer. She supports the credit process because it allows the company to make better decisions, allows her to best serve the strongest vendors, and ensures consistency for the long term. She has maintained her best relationships and continues to grow her volume and book of business by being a trusted advisor. She has reset her expectations and continues to under promise and over deliver. 

Top performers will outlast the COVID-19 pandemic. They will perform well during the recovery. They are positioning themselves for future success.

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.htm

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Elon Musk Confirms Russian Hackers Attempted
to Recruit Tesla Employee

Gigafactory 1, Sparks, Nevada

The failed attempt by Russian hackers to recruit an employee to install malware onto an enterprise network was targeting electric car maker Tesla, a tweet from Elon Musk confirms.

The scheme was publicly detailed when the U.S. Department of Justice announced the arrest of Egor Igorevich Kriuchkov, 27, of Russia, who offered $1 million to an employee of an unnamed U.S. company in Nevada in exchange for installing malware onto the organization’s systems.

According to the criminal complaint the DOJ, Tesla’s employee was approached by Kriuchkov in July and the two met socially in early August, after Kriuchkov arrived in Nevada on a tourist visa.

The employee, Teslarati says, is a Russian-speaking, non-US citizen working at Tesla-owned lithium-ion battery and electric vehicle subassembly factory Giga Nevada, also referred to as Gigafactory 1.

A few days after meeting the employee, Kriuchkov revealed his true intentions: he asked the employee to install malware onto Tesla’s network, offering between $500,000 and $1,000,000 for that. The malware would provide Kriuchkov and co-conspirators with the ability to steal information from Tesla.

The hackers were planning on exfiltrating information from Tesla’s network during a distributed denial of service (DDoS) attack that was supposed to draw the attention of security teams within the company.

The employee, however, warned Tesla and the company contacted the FBI. Details of the planned attack were revealed in several more meetings, which were surveilled by the FBI. Kriuchkov was arrested on August 22.

By Ionut Arghire, Security Week

 

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Virtual Staff Meeting - Photo
Equipment Leasing and Finance Association

At the Q3 ELFA Team meeting this week, staff gathered to share updates, review a busy summer delivering on the value proposition to the membership, and plan for a number of initiatives coming in Q4, including ELFA 2020 Business LIVE! on Oct. 27-28. We tried out the new MS Teams "together mode" feature, which placed us in a virtual auditorium. #WeAreELFA #togetherapart #staffengagement #equipmentfinance

Posted on LinkedIn.com

Despite security concerns and reports of possible links to China, Zoom Video Communications has to be considered one of the biggest beneficiaries of the COVID-19 pandemic. As much of the world has been working from home and relying on technology to stay in touch with colleagues and loved ones amid strict stay-at-home orders, video conferencing apps saw an unprecedented surge in usage, with Zoom one of the most popular options available.

“The COVID-19 crisis has driven higher demand for distributed, face-to-face interactions and collaboration using Zoom. Use cases have grown rapidly as people integrated Zoom into their work, learning, and personal lives,” Eric S. Yuan, Founder and Chief Executive Officer of Zoom, said earlier this year after his company had reported 169 percent revenue growth for the three months ended April 30.

As the following chart shows, Zoom saw its revenue skyrocket even further in the past three months, accelerating an already impressive upward trend. In the quarter ended July 31, the second quarter of Zoom's fiscal year 2021, total revenue for the video conferencing company amounted to $664 million, up 355 percent from the same period of last year. For the ongoing quarter, Zoom expects revenue between $685 to $690 million as "organizations are shifting from addressing their immediate business continuity needs to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform."

By Felix Richter, Statista

 

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Leasing Industry Help Wanted

 

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Home Prices Grow Despite Pandemic-Perpetuated Recession
By Andy Beth Miller, MRreport.com

The latest CoreLogic HPI has just been released and it is revealing just how much an impact the current pandemic has had on the housing market trends. The initial onslaught of the pandemic arrived fast on the heels of the longest, steady periods of economic growth in America. Unsurprisingly, the economy immediately began to decline and a recession ensued.

However, this recession in which we find ourselves (four months in and running), is bucking the usual trends regarding how it affects the housing market. Typically, home prices fall but we are seeing home prices grow—a trend which, according to data gleaned from the CoreLogic HPI forecast, experts believe will continue well through the first quarter of 2021.

These statistics and predictions are, of course, targeted for home price trends on a national scale, across the board on average. Time and again, we have seen that national trends don’t always reflect exactly what is occurring on a smaller scale within some local markets. For this reason, it is not surprising to see that in many places across the U.S., home prices can and will fall, even when the nation’s HPI is rising.

For example, as price tags for American residents have continued to consistently climb in 2020, data does reveal that there are a number of metro areas in the nation that report home price declines from their tag costs just one year prior. The specific percentage of these metro areas where this buck in the trend occurred was a whopping 14% in May, marking the highest rate of home price declines since that start of 2013. In light of this, experts expect our current recession will cause more and more housing markets where home prices are subject to falling to crop up.

Based on data gleaned from the May 2020, CoreLogic Market Risk Indicators—a study that helps predict the probability of a home price decline over a 12-month period for 392 metro areas— there was a range of probabilities predicted based on locale for lowering prices through June 2021. Specifically, percentages ranged from 19% (St. Joseph, Missouri) to an incredible 98% (Kahului, Hawaii). These predictions were based upon criteria including unemployment rates, income, distressed loans, and new construction, among others.

Bottom line: CoreLogic predicts that nearly one-third (29%) of the 392 metro regions studied have a 65% or greater probability of price decline during the next year.

As the novel coronavirus spread around the world like wildfire earlier this year, some governments took prompt action in an attempt to contain the outbreak. South Korea, Taiwan and Vietnam were among the countries praised for implementing mass testing combined with efficient tracing and isolation strategies that helped initially curb the spread of COVID-19. Elsewhere, the UK and U.S. were criticized for implementing lockdowns later and both currently remain among the worst-hit nations globally. Italy and Spain were initial European epicenters but tough lockdowns largely got their outbreaks under control, though the summer holiday season has sent infection rates spiking one again in the latter.

The Pew Research Center recently released a survey on public attitudes towards their government's pandemic response in 14 advanced economies. It found that opinion is generally positive with 73 percent median approval but that there is some variation with people in the UK and U.S. clearly divided. A majority of 54 percent in the UK disapprove of their government's response with 46 percent giving the authorities' efforts the green light. In the U.S. which has the highest number of infections of any country, a majority of 52 percent view the national response as being handled badly in comparison with 47 percent who think the government responded well. North of the border in Canada, the contrast is stark with 88 percent of the public saying that the government responded well to the crisis.

By Niall McCarthy, Statista

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Federal Report Shows Legalization Hasn’t Increased
Youth Marijuana Use

A report from the CDC shows that cannabis consumption among teens has decreased during the years after states legalized recreational marijuana use.

According to the biannual Youth Risk Behavior Survey that was released on Friday, cannabis consumption increased between 2009 and 2013 then declined between 2013 and 2019. The data thus supports the case from backers that asserted that the creation of a regulated cannabis market would not influence youth consumption as prohibitionists had previously warned.

The survey also found that the rate of marijuana use recorded no change among teens and high school students between 2009 and 2019 despite consumption methods diversifying. When the analysis was done using another method, cannabis consumption declined during the 2009-2019 period.

The results confirmed the need to carry on the promotion of cannabis legalization and the regulation of community safety benefits as well as public health and with focus on limiting youth access.

The CDC report also shows 21.7 % of students in high school admitted to consuming cannabis in the last 30 days, while 29.2% reported to have consumed alcohol in the same period window. For lifetime use however, marijuana consumption is represented at 36.8%/

SAM, a prohibitionist group, stated that the data was a legalization negative. This is in spite of the figures showing that marijuana use hasn’t grown among teens with more states legalizing its use.

However, the analysis does not account for the fact that the CDC failed to include and observe lifetime alcohol use at any stage and the data was excluded from the report in 2019. The reason for this being that Youth Risk Behavior Survey coordinators decided to not include the question, this is including other changes that were made to the questions for the survey in the year 2018. However, no specific reason was given as to why the members decided to make the decision to do so.

In comparison though, alcohol use surpassed marijuana use. Therefore, making the assumption that trends of consumption would be the same is not far-fetched.

According to previous studies that focused on rates of teen use after cannabis legalization, there was a clear decrease in consumption. However, a related absence of evidence indicates an increase.

For instance, a study that collected data from the State of Washington ascertained that the decline in consumption of cannabis might be explained by the regulations that replaced the illegal market, which made marijuana lose its appeal.

www.cannabisnewswire.com

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

Amur Equipment Finance Continues to Execute
its Strategic Growth Plans

GRAND ISLAND, NE– Amur Equipment Finance, Inc. (“Amur”) has continued its investment in its strategic growth, notwithstanding the nationwide economic slowdown caused by the COVID-19 pandemic, as the company prepares to celebrate 25 years in business in 2021.

As a testament to its commitment, Amur recently opened its brand new, purpose-built Grand Island, Nebraska Headquarters, which will allow the company to continue to build upon its industry-leading origination and customer service platform while facilitating future expansion.

Amur recently welcomed industry veteran Jason Wise and his team of talented equipment finance professionals to its nationwide, vendor-focused salesforce. A seasoned leader, Jason, and his team have historically produced over $100 million in annual originations within the healthcare and aesthetic medical sectors and bring deep vendor relationships to Amur’s network of over 15,000 vendors. 

Over the last four years, Amur has increased its originations by over 200%, while increasing its employee headcount by over 150%. Amur has also expanded its national footprint, opening offices in Texas, Massachusetts, New Hampshire, and Omaha, Nebraska, over the same period to better serve the financing needs of its vendor partners.

Mostafiz ShahMohammed, Amur Chairman and Chief Executive. said, “While we are cognizant of the many challenges brought on by the COVID-19 pandemic, we believe it has brought out the best in our organization

 “Our resilience has been tested, and it has passed with flying colors. We are proud of our efforts to help our customers navigate through this incredibly difficult period and will remain steadfast in our support of their needs as economic conditions continue to improve. Our business volumes have been returning to pre-Covid 19 levels, we’ve expanded our capital base, and we’ve added to our industry-leading vendor origination team with the addition of Jason and his team. Our commitment to serving our vendors' growth and need through a fully-integrated, full-service platform is unwavering, and we are excited for what is to come for Amur.”

About Amur Equipment Finance, Inc.
Amur Equipment Finance is a Top Five nationally ranked independent commercial equipment finance provider and a certified Great Place to Work®, dedicated to ensuring that its customers and employees around the nation are equipped to grow and succeed. Amur offers customized capital financing programs that draw on its uniquely extensive expertise in the world’s most essential industries – from transportation and technology to manufacturing and medicine – to support its network of over 15,000 vendors and other partners.
For more information, visit www.amuref.com.

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

Rottweiler
Fallston, Maryland  Adopt-a-Dog

Heidi

ID 40594587
Female
3 Years, 1 month
Large
Black/tan
Spayed
Declawed: no
Site: Humane Society of Hanford County
Location: Stray Dog Room
Intake Date 8/19/2020
Adoption Fee: $160

"I see toys that squeak, tennis balls too. I see them bounce, for me and you.
And I think to myself, what a wonderful world!
I know sit and stay; hey I'm quite bright. I wait for you all day, and cuddle with you at night.
And I think to myself, what a wonderful world!"

I just love that sweet song, don't you? I'm Heidi, a 3-year-old Rottweiler who's ready to embark on a new journey. I'm nervous and excited all at the same time. Will my new family be nice to me? Will they take me for walks? Will they want to play?? So many unknowns, yet so many possibilities. If you feel the same way, start by sending an email to adopt@harfordshelter.org so we can meet!

Humane Society of Harford County
2208 Connolly Road
Fallston, Maryland
(410) 836-1090
adopt@harfordshelter.org

Contact:
https://www.harfordshelter.org/contact

Hours:
Monday thru Friday: 11 am–6 pm
Saturday: 10 am–5 pm
Sunday: 12 pm–4 pm

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Your Dog Advisor
Is Pepto Bismol Safe for Dogs?

https://yourdogadvisor.com/pepto-bismol/

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We are excited to announce that Matt Daus, Windels Marx and Eric Chuang, BDO Consulting, will continue to serve as our 2020 NVLA Conference keynote speakers along with our other prominent speakers:

• Charlie Vogelheim, Host Pilot – Conference Emcee and Moderator
• Angela Armstrong, Prime Capital and Chair of CFLA – Her Journey as a Woman in Leasing
• Tom Kontos, KAR Auction Services – Economic Outlook
• Tim Lawrence, LHPH Capital and Bill Elizondo, AFS Dealers – The Benefits of LHPH in a Challenging Environment
• Spencer Smith, AmpliPhi – A Better Way to Calculate Social Media ROI

The Conference will also feature two panel discussions focusing on our lessors and funders and the major impacts, positive and negative, their businesses have faced amidst the COVID-19 pandemic.

View Preliminary NVLA Program
https://www.nvla.org/page/2020VirtualProgram?vgo_ee=bRtyYQDMwhTJoRVRvQjEh%2B3TNiS1%2BGnbIq8XjMzkkVI%3D

News Briefs----

Thousands of small-business loans
    may have been fraudulent, House panel finds
https://www.reuters.com/article/us-health-coronavirus-mnuchin/thousands-of-small-business-loans-may-have-been-fraudulent-house-panel-finds-idUSKBN25S5IM

IRS Payroll Tax Deferral Starts Today;
    Will It Defund Social Security?
https://www.forbes.com/sites/shaharziv/2020/09/01/second-stimulus-update-irs-notice-2020-65-trump-payroll-tax-deferral-starts-today-wont-eliminate-payroll-tax-unlikely-to-defund-social-security/#79575d21af09

More pandemic fallout: Dallas-Fort Worth,
    Texas losing construction jobs, despite housing boom
https://www.dallasnews.com/business/jobs/2020/09/01/more-pandemic-fallout-dallas-fort-worth-texas-losing-construction-jobs-despite-housing-boom/

Facebook reveals another Russian misinformation campaign
    FBI alerted the social media giant to the actions of the group
https://www.mercurynews.com/2020/09/01/facebook-reveals-another-russian-misinformation-campaign/

Downtown  Chicago has huge oversupply of homes for sale
 rioting and looting, safety, plus more rooms to have an office
https://www.chicagobusiness.com/residential-real-estate/downtown-has-huge-oversupply-homes-sale?utm_source=breaking-news&utm_medium=email&utm_campaign=20200831&utm_content=hero-headline

Chicago's Palmer House hit with $338 million foreclosure suit
  Second-Biggest Hotel in Distressed Downtown Property
https://www.chicagobusiness.com/commercial-real-estate/palmer-house-hit-338-million-foreclosure-suit?utm_source=breaking-news&utm_medium=email&utm_campaign=20200831&utm_content=hero-headline

Chicago City budget gap reaching $2 billion
   in 2 years, Mayor  Lightfoot warns
https://www.chicagobusiness.com/greg-hinz-politics/city-budget-gap-reaching-2-billion-2-years-lightfoot-warns

 

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You May Have Missed---

Coronavirus vaccine: New recommendations
     for who goes first
https://www.mercurynews.com/2020/09/01/coronavirus-vaccine-new-recommendations-for-who-goes-first/

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Sports Briefs---

Serena Williams Wins First Match of U.S. Open
https://www.nytimes.com/2020/09/01/sports/tennis/serena-williams-ahn-open.html?action=click&module=News&pgtype=Homepage

Naomi Osaka brought seven face masks to the U.S. Open,
    each one honoring a victim of violence
https://www.washingtonpost.com/sports/2020/09/01/naomi-osaka-facemask-us-open/?hpid=hp_sports1-8-12_osaka-mask-915am%3Ahomepage%2Fstory-ans

Raiders place Tyrell Williams on injured reserve
     — his season is over
https://www.eastbaytimes.com/2020/09/01/raiders-place-tyrell-williams-on-injured-reserve-his-season-is-over/

49ers place star linebacker Fred Warner on COVID-19 list
https://www.sfgate.com/sports/article/49ers-place-star-linebacker-Fred-Warner-on-15528583.php

Leonard Fournette goes unclaimed on NFL waivers
    one day after being dropped by Jaguars
https://www.usatoday.com/story/sports/nfl/2020/09/01/leonard-fournette-unclaimed-waivers-nfl-teams-jacksonville-jaguars/3455985001/

Arizona Cardinals owner Michael Bidwill describes
    his 'very scary' COVID-19 experience
https://www.usatoday.com/story/sports/nfl/cardinals/2020/08/31/arizona-cardinals-owner-michael-bidwill-describes-scary-covid-19-experience/3446112001/

Padres get Mike Clevinger from Indians in biggest deal yet
https://www.sandiegouniontribune.com/sports/padres/story/2020-08-31/padres-mike-clevinger-trade-indians-starting-pitcher

Here's what Robert Kraft texted Tom Brady after QB
    decided to leave the Patriots in free agency
https://www.msn.com/en-us/sports/nfl/heres-what-robert-kraft-texted-tom-brady-after-qb-decided-to-leave-the-patriots-in-free-agency/ar-BB18z9uH

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California Nuts Briefs---

California lawmakers pass eviction relief bill
    amid coronavirus pandemic
https://www.mercurynews.com/2020/08/31/california-lawmakers-pass-eviction-relief-bill-amid-virus/

Huge downtown San Jose tech campus construction launch is
eyed demolition for key CityView Plaza complex slated for this year
https://www.mercurynews.com/2020/08/31/huge-downtown-san-jose-tech-campus-construction-launch-real-estate/

 

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“Gimme that Wine”

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

Napa, Lake get OK for greater reopening from coronavirus
     rules than other Wine Country counties
https://www.northbaybusinessjournal.com/article/industrynews/napa-lake-get-ok-for-greater-reopening-from-coronavirus-rules-than-other-w/

Petite Sirah, one of California’s most maligned wines,
    gets a lighter, better makeover
https://www.sfchronicle.com/wine/article/Petite-Sirah-one-of-California-s-most-maligned-15528398.php

Napa's St. Supéry Estate Vineyards & Winery executive
    wins 2020 North Bay Business Journal CFO award
https://www.northbaybusinessjournal.com/article/article/napas-st-supery-estate-vineyards-winery-executive-wins-2020-north-bay-b/

Crop insurance gets new tools for wine smoke taint
https://www.northbaybusinessjournal.com/article/industrynews/crop-insurance-gets-new-tools-for-wine-smoke-taint/

Auction of Washington Wines Goes Virtual, Raises $1.8 Million
https://www.winespectator.com/articles/auction-of-washington-wines-charity-event-goes-virtual-raises-nearly-2-million

New Jersey’s 2 largest wine & spirits wholesalers
  and 20 of their biggest retail customers to pay a total
    of $10.3 million for engaging in discriminatory trade practices
https://wrnjradio.com/new-jerseys-2-largest-wine-spirits-wholesalers-and-20-of-their-biggest-retail-customers-to-pay-a-total-of-10-3-million-for-engaging-in-discriminatory-trade-practices/

Kendall-Jackson, in Partnership with United Way,
     launches the Grocery Worker's Relief Fund
https://www.prnewswire.com/news-releases/kendall-jackson-in-partnership-with-united-way-launches-the-grocery-workers-relief-fund-301121082.html

Brad Pitt Releases Rose Champagne, Fleur de Miraval
https://www.thedrinksbusiness.com/2020/09/brad-pitt-releases-290-rose-champagne-fleur-de-miraval/

Pliny the Elder, the First Wine Critic
    and Why He Still Matters
https://www.winemag.com/2019/10/10/pliny-the-elder-first-wine-critic/

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

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

This Day in History

     1721 - The Boston Gazette advertised a Camel would be exhibit for sale:
”African camel...7 feet high and 12 feet long.” 
    1775 - The Hurricane of Independence makes landfall. Between this day and 9 September, it will kill 4,170 people from North Carolina to Nova Scotia.) 
    1789 – US Treasury Department was founded, established by an Act of Congress to manage revenues.  Alexander Hamilton was the first Secretary of the Treasury.
    1810 – Lysander Button (d. 1898) was born in North Haven, CT.  The inventor of many of the early improvements made on hand and steam fire engines, many of which and their improvements made their way to the modern fire engines of today. 
    1833 – Oberlin College in Ohio was founded.
    1838 - Liliʻuokalani (d. 1917) was the only queen regnant and the last sovereign monarch of the Hawaiian Kingdom, ruling from January 29, 1891, until the overthrow on January 17, 1893. She was the composer of “Aloha ‘Oe,” numerous other works, and she wrote her autobiography, “Hawai’i’s Story by Hawai’i’s Queen,” during her imprisonment following the overthrow.
    1849 – Birthday of Albert G. Spalding (1849-1915) in Byron, IL.  Former baseball player and founder of Spalding Sporting Goods Company, he had an 8-year MLB career during which his record as a pitcher was 252–65 with a 2.14 ERA.  His career batting average was .313.   He later called for the commission that investigated the origins of baseball and credited Abner Doubleday with creating the game. He also wrote the first set of official baseball rules.  He was elected to the Baseball Hall of Fame in 1939. 
    1859 – A solar super storm effected electrical telegraph service.
    1862 – After Pope’s defeat at Second Bull Run, President Lincoln reluctantly restored Gen. McClellan to full command.
    1864 - The forces of Union General William T. Sherman march into Atlanta, Georgia, one day after the Confederates evacuate the city.
    1866 - J. Osterhoudt of New York City obtained a patent for an "improved method of opening tin cans." The can had a projecting lip and a key could open it. 

    1885 - 150 white miners in Rock Springs, Wyoming, brutally attack their Chinese coworkers, killing 28, wounding 15 others, and driving several hundred more out of town. The miners working in the Union Pacific coal mine had been struggling to unionize and strike for better working conditions for years. But at every juncture the powerful railroad company had bested them. Searching for a scapegoat, the angry miners blamed the Chinese. The Chinese coal miners were hard workers, but the Union Pacific had initially brought many of them to Rock Springs as strikebreakers, and they showed little interest in the miners' union. The Rock Springs massacre was symptomatic of the anti-Chinese feelings shared by many Americans at that time. The Chinese had been victims of prejudice and violence ever since they first began to come to the West in the mid-nineteenth century, fleeing famine and political upheaval. Widely blamed for all sorts of social ills, the Chinese were also singled-out for attack by some national politicians who popularized strident slogans like "The Chinese Must Go" and helped pass an 1882 law that closed the U.S. to any further Chinese immigration. In this climate of racial hatred, violent attacks against the Chinese in the West became all too common, though the Rock Springs massacre was notable both for its size and savage brutality.   
    1901 – Vice President Theodore Roosevelt uttered the famous phrase, "Speak softly and carry a big stick" at the Minnesota State Fair.
    1901 – Adolph Rupp (1901-77) was born in Halstead, KS.  One of the most successful coaches in the history of American college basketball, Rupp is ranked 4th in total victories by a men's NCAA Division I college coach, winning 876 games in 41 years of coaching. Rupp is also second among all men's college coaches in all-time winning percentage (.822).  He coached the University of Kentucky from 1930-72 and he was enshrined in the Naismith Memorial Basketball Hall of Fame on April 13, 1969.
    1912 – Arthur Rose Eldred was awarded the first Eagle Scout of the Boy Scouts.
    1917 – Cleveland Amory (1917-97), author and critic, was born in Nahant, MA.
    1919 – Birthday of dancer, actress Marge Champion, Los Angeles, CA.
    1928 – African-American DeFord Bailey (1899-1982) cut eight masters at Victor Records Studios in Nashville. Three songs were issued, marking the first studio recording sessions in the place now known as Music City, USA.  On December 6, 1925, DeFord won second place with his rendition of "It Ain't Gonna Rain No More" in a French harp contest on radio station WDAD. Soon after, Bailey made his first appearance on WSM Radio, after overcoming some racial opposition from the station's director. The young black performer was given the title "Harmonica Wizard." Bailey played a role in the naming of the "Grand Ole Opry." In 1926, the WSM Barn Dance followed an hour of symphonic music, and one evening its programming concluded with a selection by a young composer from Iowa reproducing the sound of a train. Bailey opened the country music program with his rendition of "Pan American Blues." The difference in the musical genres caused the director, George D. "Judge" Hay, to observe, "For the past hour we have been listening to music taken largely from grand opera; from now on we will present 'The Grand Ole Opry.'" Bailey toured with other stars of the Opry, including Roy Acuff, Uncle Dave Macon, Bill Monroe, and others. During his travels throughout the South in the 1930s, he was well received by the country music public, although racial segregation laws caused Bailey problems in hotels and restaurants. To get a hotel room, on some occasions either he posed as a baggage boy for the white performers or pretended to be Uncle Dave Macon's valet.  In April of 1927, Bailey teamed with the black Golden Echo Quartet to make his first recordings of "Pan American Express" and "Hesitation" for Columbia Records in Atlanta. The Columbia recordings were never released. Two weeks later he recorded eight titles for Brunswick label in New York. On October 2, 1928, DeFord recorded for Victor records during a Nashville session. "Ice Water Blues/Davidson County Blues" became so popular that the Victor label released it three times. 
http://www.tnstate.edu/library/digital/bailey.htm 
http://www.tnstate.edu/library/digital/bailey.htm 
    1929 - "The National Farm and Home Hour," which gave rural Americans information about farm products, growing crops, farm animal care and useful household tips, debuted on NBC radio. "The Stars and Stripes Forever" opened the show. Don Ameche and Raymond Edward Johnson were featured, along with music and entertainment by The Cadets male quartet, Jack Baus and The Cornbusters and Mirandy of Persimmons Holler. "The National Farm and Home Hour" was sponsored by Montgomery Ward (or, Monkey Ward's, as we used to call it). 
    1931 – Bing Crosby made his solo radio debut.  Before the end of the year, he signed with both Brunswick and CBS Radio. Doing a weekly 15-minute radio broadcast, Crosby became a hit.
    1932 – Arnold Greenberg (1932-2012), the founder of Snapple, was born in Brownsville, Brooklyn, NY.
    1933 - "Red Adams" was heard for the first time on NBC radio. Later, the program was retitled, "Red Davis," starring Burgess Meredith, "Forever Young" and, finally, "Pepper Young's Family," starring Mason Adams. Radio listeners kept listening through all the changes until 1959.  
    1935 - Perhaps the most intense hurricane ever to hit the U.S. struck the Florida Keys with 200 mph winds. The hurricane produced a fifteen-foot tide and waves thirty feet high. 400 persons perished in the storm on that Labor Day. The barometric pressure at Matecumbe Bay, FL hits a record low for the U.S. of 26.35 inches.
    1936 – Andy Grove (d. 2016) was born in Budapest, Hungary.  Grove was one of founders and the CEO of Intel Corporation who helped transform the company into the world's largest manufacturer of semiconductors.  In 1997, Time magazine chose him as "Man of the Year" for being "the person most responsible for the amazing growth in the power and the innovative potential of microchips."
    1937 - Ronald Reagan, just 26 years old, made his acting debut with the Warner Brothers release of "Love is in the Air." 
    1937 – Peter Ueberroth, the former commissioner of Major League Baseball and the Chairman of the 1984 Los Angeles Olympics, was born in Evanston, IL.  Under Ueberroth's leadership and management, the first privately financed Olympic Games resulted in a surplus of nearly $250 million. This was subsequently used to support youth and sports activities throughout the United States. Coincidentally, he was born on the day on which the founder of the modern Olympic Games, Baron Pierre de Coubertin, died.  Just as Ueberroth was taking office as Commissioner, the Major League Umpires Union was threatening to strike the postseason. Ueberroth managed to arbitrate the disagreement and had the umpires back to work before the League Championship Series were over. The next summer, Ueberroth worked behind the scenes to limit a players' strike to one day before a new labor agreement was worked out with the Players Association.  During the course of his stint as commissioner, Ueberroth reinstated two Hall of Famers, Willie Mays and Mickey Mantle, who had been banned from working for Major League Baseball by former Commissioner Kuhn because of their associations with gambling casinos. Also, Ueberroth suspended numerous players because of cocaine use, negotiated a $1.2 billion television contract with CBS, and initiated the investigation against Pete Rose’s betting habits. In 1985, Ueberroth's first full year in office, the League Championship Series expanded from a best-of-five series to a best-of-seven series. At his urging, the Chicago Cubs chose to install lights at Wrigley Field rather than reimburse the leagues for lost night-game revenues. Ueberroth then found a new source of income in the form of persuading large corporations to pay for the privilege of having their products endorsed by Major League Baseball.
    1938 – Jimmy Clanton was born in Raceland, LA.  Clanton was an early rock n roller who became known as the “swamp pop R&B teen idopl.” His band recorded a hit song "Just A Dream" which Clanton had written in 1958; it reached number four on the Billboard chart and sold a million copies.   Clanton performed on American Bandstand and toured with Fats Domino, Jerry Jee Lewis and The Platters.  Subsequent hits were “Go, Jimmy Go” (peaked at number five in early 1960) and “Venus in Blue Jeans” (peaked at number seven on 6 October 1962.  Clanton was drafted and spent the next two years in the Army, continuing to have chart successes with "Don't Look at Me," "Because I Do," and the aforementioned "Venus in Blue Jeans." His only hit in the UK Singles Chart was "Another Sleepless Night", which spent one week at number 50 in July 1960.         
    1944 - LEE, DANIEL W., Medal of Honor. 
Rank and organization: First Lieutenant, U.S. Army, Troop A, 117th Cavalry Reconnaissance Squadron. Place and date: Montreval, France, 2 September 1944. Entered service at: Alma, Ga. Born: 23 June 1919, Alma, Ga. G.O. No.: 14, 4 February 1946. Citation: 1st Lt. (then 2d Lt. ) Daniel W. Lee was leader of Headquarters Platoon, Troop A, 117th Cavalry Reconnaissance Squadron, Mechanized, at Montreval, France, on 2 September 1944, when the Germans mounted a strong counterattack, isolating the town and engaging its outnumbered defenders in a pitched battle. After the fight had raged for hours and our forces had withstood heavy shelling and armor-supported infantry attacks, 2d Lt. Lee organized a patrol to knock out mortars which were inflicting heavy casualties on the beleaguered reconnaissance troops. He led the small group to the edge of the town, sweeping enemy riflemen out of position on a ridge from which he observed 7 Germans manning 2 large mortars near an armored half-track about 100 yards down the reverse slope. Armed with a rifle and grenades, he left his men on the high ground and crawled to within 30 yards of the mortars, where the enemy discovered him and unleashed machine-pistol fire which shattered his right thigh. Scorning retreat, bleeding and suffering intense pain, he dragged himself relentlessly forward He killed 5 of the enemy with rifle fire and the others fled before he reached their position. Fired on by an armored car, he took cover behind the German half-track and there found a panzerfaust with which to neutralize this threat. Despite his wounds, he inched his way toward the car through withering machinegun fire, maneuvering into range, and blasted the vehicle with a round from the rocket launcher, forcing it to withdraw. Having cleared the slope of hostile troops, he struggled back to his men, where he collapsed from pain and loss of blood. 2d Lt. Lee's outstanding gallantry, willing risk of life, and extreme tenacity of purpose in coming to grips with the enemy, although suffering from grievous wounds, set an example of bravery and devotion to duty in keeping with the highest traditions of the military service 
    1945 - Aboard the USS Missouri in Tokyo Bay, Japan formally surrenders to the Allies, bringing an end to World War II. By the summer of 1945, the defeat of Japan was a foregone conclusion. The Japanese navy and air force were destroyed. The Allied naval blockade of Japan and intensive bombing of Japanese cities had left the country and its economy devastated.    1945 – Vietnam declared its independence, forming the Democratic Republic of Vietnam.
    1946 – Former San Francisco Supervisor Dan White (d. 1985) was born in Long Beach, CA.  He assassinated Mayor George Moscone and Supervisor Harvey Milk, November 27, 1978, at City Hall.  In a controversial verdict that led to the coining of the legal slang, “Twinkie Defense,” White was convicted of manslaughter rather than murder in the deaths of Milk and Moscone, causing widespread rioting and looting in The City. White served five years of a seven-year prison sentence. Less than two years after his release, he returned to San Francisco, where he ultimately committed suicide.    1948 – Birthday of Terry Bradshaw, Hall of Fame football player, sportscaster, Shreveport, LA.  He played for 14 seasons with Pittsburgh, won four Super Bowls in a six-year period, becoming the first quarterback to win three and four Super Bowls, and led the Steelers to eight AFC Central championships. He was inducted into the Pro Football Hall of Fame in 1989, his first year of eligibility. Bradshaw was inducted into the College Football Hall of Fame in 1996.  Since 1994, he has been a television sports analyst and co-host of Fox NFL Sunday. Bradshaw is also an actor, having participated in many television shows and films
    1948 – Astronaut Christa McAuliffe (d. 1986) was born in Boston.  In 1985, McAuliffe was selected from more than 11,000 applicants to participate in the NASA Teacher in Space Project and was scheduled to become the first teacher in space.   As a member of the mission, she was planning to conduct experiments and teach two lessons from Space Shuttle Challenger. On January 28, 1986, the shuttle broke apart 73 seconds after launch. After her death, schools and scholarships were named in her honor, and in 2004 she was posthumously awarded the Congressional Space Medal of Honor.
    1949 - “Hennnnnnreeeeee! Henry Aldrich!” “Coming, Mother!” The popular radio program, "The Aldrich Family," became one of TV's first hits, as the longtime radio show appeared on NBC-TV for the first time. In addition to being a successful radio transplant, "The Aldrich Family" scored another distinction -- being the very first TV sitcom (situation comedy). 
    1950 - The temperature at Mecca, CA, soared to 126 degrees to establish a U.S. record for the month of September. The low that morning was 89 degrees.
    1950 - Top Hits 
“Goodnight Irene” - The Weavers 
“La Vie En Rose” - Tony Martin 
“All My Love” - Patti Page 
“Goodnight Irene” - Red Foley-Ernest Tubb 
    1950 - This comic strip “Peanuts” by Charles Schultz featured Charlie Brown, Lucy, Linus, Sally, Peppermint Patty and Charlie's dog Snoopy. The last new Peanuts strip was published Feb 13, 2000, the day after Schultz passed from colon cancer.
    1950 - "Lux Video Theater," James Mason, Otto Kruger and Gordon MacRae hosted this half-hour dramatic anthology series that aired for seven years on both CBS and NBC. Its famed guest stars included: Robert Stack in "Inside Story" (1951); Peter Lorre in "The Taste" (1952); Grace Kelly in "A Message for Janice" (1952); Edward G. Robinson in "Witness for the Prosecution" (1953) and Esther Williams in "The Armed Venus" (1957). 
    1951- Birthday of Mark Harmon, former UCLA quarterback and son of Tom Harmon, he is best known as an actor in “NCIS,” “St. Elsewhere,” “Chicago Hope.” Born Burbank, CA.  
    1952 – Birthday of Hall of Fame Tennis Player Jimmy Connors, Belleville, IL.
    1954 - "The Jimmy Durante Show" premiered on TV. Affectionately known as "The Schnozz," Durante hosted a Saturday night variety show with his former vaudeville partner, Eddie Jackson, pianist Jules Baffano and drummer Jack Roth. It alternated with "The Donald O'Connor Show" on NBC and aired for two years. 
    1954 - “The George Gobel Show” premiers on TV. George Gobel hosted this comedy-variety show for five years on NBC. Chanteuse Peggy King and Jeff Donnell were also on the show, with Eddie Fisher as “permanent guest star.” In 1959, Gobel switched networks to CBS and appeared for a year with Joe Flynn, Anita Bryant and Harry von Zell. He played Las Vegas often. 
    1955 - "Alfred Hitchcock Presents" premiered on TV.  Alfred Hitchcock was already an acclaimed director when he began hosting this mystery anthology series that aired on CBS and NBC for 10 years. Each episode began with an introduction by Hitchcock, the man with the world's most recognized profile. Hitchcock directed about 22 episodes of the series. Robert Altman was also a director for the series. Among the many stars that appeared on the show are:   Barbara Bel Geddes, Brian Keith, Gena Rowlands, Dick York, Claris Leachman, Joanne Woodward, Steve McQueen, Peter Lorre, Dick Van Dyke, Robert Redford and Katherine Ross. 
    1958 - Top Hits 
“It's All in the Game” - Tommy Edwards 
“Rock-in Robin” - Bobby Day 
“Tears on My Pillow” - Little Anthony & The Imperials 
“Bird Dog” - The Everly Brothers 
    1959 - "The Twilight Zone" went on the air with these now-familiar words: "There is a fifth dimension, beyond that which is known to man. It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fear and the summit of his knowledge. This is the dimension of imagination. It is an area which we call ‘The Twilight Zone'." The anthology program ran five seasons for 154 installments, with a one-year hiatus between the third and fourth seasons. It now is considered to have been one of the best dramas to appear on television. It was created and hosted by Rod Sterling. He lived down the street from us in the Pacific Palisades. My father, Lawrence Menkin, wrote several of the episodes. He used to give Rod Sterling a hard time, calling him a "hog" for writing most of them. Sterling would get a kick out of this from my father who was six foot four and Sterling was thin and about five foot four tall. The last episode was telecast on Sept 30, 1965. 
    1961 - “Ben Casey” premieres on television, competing with “Dr. Kildare,” starring Richard Chamberlain. The second year, it overtook Dr. Kildare in ratings, running for five years and 153 episodes starring Vince Edwards as Dr. Ben Casey, Sam Jaffe as Dr. David Zorba, Franchot Tone as Dr. Freeland and Bettye Ackerman as Dr. Maggie Graham. Edwards was a friend of my father's very good friend and actor (can't remember his name right now), who found himself “typecast” as an actor, tried singing, and had gone from nobody to a great TV star, and then back to a “nobody,” he felt; brooding about it, almost obsessed, as I remember. Edwards died of cancer March 12, 1996. 
http://timvp.com/bencasey.html http://www.celebhost.net/vinceedwards/casey1.html 
http://www.celebhost.net/vinceedwards/casey3.htm http://www.meninmovies.com/vince_edwards.html lhttp://www.canoe.ca/JamMoviesArtistsE/edwards_vince.html 
    1962 - Frank Sinatra records with Count Basie, Los Angeles, Reprise Records FS 1008 
    1963 – “The CBS Evening News” became network television's first half-hour weeknight news broadcast, when the show is lengthened from 15 to 30 minutes.  Walter Cronkite continued as the anchor until his retirement in 1981.
    1965 - Pope Paul VI named the Very Reverend Bishop Harold Robert Perry of Lake Charles, LA as the auxiliary bishop of the Archdiocese of New Orleans. He was the very first African-American Catholic bishop. He was consecrated in the Basilica of St. Louis, New Orleans, on January 6, 1966, and was the pastor of the New Orleans Parish of St. Theresa of the Child of Jesus, Society of the Divine Word. 
    1965 - The McCoys' "Hang on Sloopy" hit #1 in the U.S. The song snuck in at number one for one week, between "Eve of Destruction," by Barry McGuire and "Yesterday," by The Beatles. 
    1965 - The Beatles receive a Gold record for their single, "Help!," which was still rising up the charts. 
    1965 - The Beatles release "Yesterday" on which only Paul is actually playing. More than 2,500 cover versions of the song exist, making it one of the most recorded songs in history. 
    1966 - Top Hits 
“Cherish” - The Association 
“Beauty is Only Skin Deep” - The Temptations 
“Black is Black” - Los Bravos 
“Almost Persuaded” - David Houston 
    1966 - Sandy Koufax, in great pain from an arthritic elbow, won 27 games and, for the third time in four years, led the Los Angeles Dodgers to the National League pennant. However, the Baltimore Orioles swept the Dodgers 4-0 in the World Series that year.  Koufax would announce his retirement, at age 31, later this year. 
    1967 - Thurgood Marshall (1908-1993), appointed by President Lyndon B. Johnson, was sworn in as associate justice of the U.S. Supreme Court. Marshall was the first black Supreme Court justice and served until his retirement on June 27, 1991, at the age of 82. He had served in the U.S. Second Circuit Court of Appeals (1961-1965) and as U.S. Solicitor General (1965-1967). A chronology of his career…
         1930 - Mr. Marshall graduates with honors from Lincoln U. (cum laude) 
         1933 - Receives law degree from Howard U. (magna cum laude); begins private practice in Baltimore 
         1934 - Begins to work for Baltimore branch of NAACP 
         1935 - With Charles Houston, wins first major civil rights case, Murray v. Pearson 
         1936 - Becomes assistant special counsel for NAACP in New York 
         1940 - Wins first of 29 Supreme Court victories (Chambers v. Florida ) 
         1944 - Successfully argues Smith v. Allwright, overthrowing the South's "white primary" 
         1948 - Wins Shelley v. Kraemer, in which Supreme Court strikes down legality of racially restrictive covenants 
         1950 - Wins Supreme Court victories in two graduate-school integration cases, Sweatt v. Painter and McLaurin v. Oklahoma State Regents 
         1951 - Visits South Korea and Japan to investigate charges of racism in U.S. armed forces. He reported that the general practice was one of "rigid segregation." 
         1954 - Wins Brown v. Board of Education of Topeka, landmark case that demolishes legal basis for segregation in America 
         1961 - Defends civil rights demonstrators, winning Supreme Circuit Court victory in Garner v. Louisiana ; nominated to Second Court of Appeals by President J.F. Kennedy 
         1961 - Appointed circuit judge, makes 112 rulings, all of them later upheld by Supreme Court (1961-1965) 
         1965 - Appointed U.S. solicitor general by President Lyndon Johnson; wins 14 of the 19 cases he argues for the government (1965-1967)
http://memory.loc.gov/ammem/today/oct02.html 
http://chnm.gmu.edu/courses/122/hill/marshall.htm 
http://www.ai.mit.edu/~isbell/HFh/black/events_and_people
/html/001.thurgood_
marshall.html . 
    1988 - Unseasonably hot weather prevailed in the northwestern U.S. Afternoon highs of 98 degrees at Olympia, WA, 98 degrees at Seattle WA, 105 degrees at Portland, OR, and 110 degrees at Medford, OR, established records for the month of September. Quillayute, WA equaled their September record with an afternoon high of 97 degrees. 
    1990 - Top Hits 
“(Can't Live Without Your) Love and Affection” - Nelson 
“Close to You” - Maxi Priest 
“Praying for Time” - George Michael 
“Jukebox in My Mind” - Alabama 
    1995 - The Rock and Roll Hall of Fame opened in Cleveland, Ohio, with Bob Dylan, Chuck Berry, Aretha Franklin, Al Green, Booker T and the MGs, Little Richard, the Allman Brothers, Boz Scaggs, James Brown and Martha Reeves making contributions. 
    2001 - Sammy Sosa becomes the first player in baseball history to slug 60 home runs in three seasons. The Cubs' outfielder connects off Reds starter Lance Davis to reach the milestone. 
    2002 - Former Diamondback Alex Cabrera slams his 55th home run to tie the Japanese single-season home run mark. The 31-year-old Seibu Lion joins Sadaharu Oh (1964) and Tuffy Rhodes (2001) in the record book.
    2013 - The new eastern span of the San Francisco-Oakland Bay Bridge opened to traffic as the widest bridge in the world.
    2013 – The public learned about AT&T’s ‘The Hemisphere Project,’ which gives telephone call data to law enforcement agencies including the DEA.  The Project is paid by the White House Office of National Drug Control Policy and the DEA.  AT&T employees work alongside the DEA and local law enforcement agencies at High Intensity Drug Trafficking Area offices in Los Angeles, Atlanta, Dallas, and Houston, where they supply officials with metadata from a database of telephone calls dating back to 1987. The information is handed over in response to subpoenas, rather than search warrants.