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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

Monday, April 27, 2020

Today's Leasing News Headlines

Times Are Tough But Now is the Time
   to Join a Surviving Company
Top Ten Stories
   April 20 - April 24
This Will Change Things
   The Ultimate Hire by Ken Lubin, ZRG Partners
North Mill Implements Procedural Enhancements in 2020
   By Don Cosenza, Senior Vice President of Marketing
U.S. Travel Industry Set to Lose over $500 Billion in 2020
   Estimated direct losses for the U.S. travel industry due to COVID-19
Henry Schein Enhances Liquidity Position
   With New Credit Facility Totaling $700 Million
Labrador Retriever
   Boston, Massachusetts Adopt a Dog
Starbucks to Begin Re-Opening Select Stores
   Cities with the Largest number of Starbucks in US
News Briefs---
Newsom: To reopen, California must test at least
   60,000 people daily for coronavirus — up from 16,000 today
Study indicates air conditioner in restaurant
   contributed to the circulation of Coronavirus
A Step-by-Step Playbook for Reopening Your Restaurant
   from the National Restaurant Association (quite involved)
COVID-19 has brought havoc to nursing homes
 Will pandemic end ‘warehousing’ the elderly?
USDA let millions of pounds of food rot
  while food-bank demand soared
Branson’s Virgin Group Looking For New Investors
   For Virgin Atlantic, Denies Selling Out Of Airline
The $600 federal boost to unemployment checks that was
   meant to aid struggling families is triggering some confusion
2 million chickens will be killed in Delaware and Maryland
   because of lack of employees at processing plants
Instacart to Add 550,000 Jobs to the Economy
    Shopping and delivery service company

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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May Have Missed
  Sports Brief----
   California Nuts Brief---
    "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

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

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Times Are Tough But Now is the Time
to Join a Surviving Company

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Top Ten Stories
April 20 - April 24

(Stories most opened by readers)

(1) No Longer taking Broker/Discounting Business
   plus Leasing Companies Out of Business

(2) Times Are Tough, But Now is the Time
   to Join a Surviving Company

(3) NewLane Finance Open for Business
       and Committed to Helping Customers Impacted by COVID-19

(4) New Hires/Promotions in the Leasing Business
        and Related Industries

(5) Chesswood Update on COVID-19 Activities
   to its Companies/Announces Change in Dividend

(6) First Midwest Equipment Finance Updates
        Funder List/Funder Looking for Broker Business List

(7) Here are the largest public companies taking payroll loans
         meant for small businesses

(8)  Talking about Social Distancing

(9) Three of Six Original Alternate Finance Associations
        Are No Longer Active

(10) Some Important Questions to Ask
         By Brian Link



This Will Change Things

The Ultimate Hire by Ken Lubin, ZRG Partners

It certainly isn’t a year (so far) that we want to look back on. I read the quote recently, “this month has been a long year.” It's going to be over this week, and a new month starting Friday.

So far this April, we have seen the coronavirus continue, the tanking and rising of the stock market, shelter in place, the Olympics changed, Tom Brady and the "Gronk" (Rob Gronkowski) joining the Tampa Bay Buccaneers (now being called the Tompa Buccaneers), some states opening up small businesses (haircuts, salons, Tattoo parlors). Who knows what the rest of this week looks like, I can’t even begin to imagine.

Unlike 9/11 or the great recession of 2008/2009, this pandemic will certainly change things and likely for the better. Humans are extremely resilient, innovative, and talented. What we thought was impossible at the beginning of the month has become the norm as we are moving forward; new approaches, businesses and opportunities will arise.

No April Fool’s joke.  On April first, did we imagine the following:

The vast majority of colleges would go to E Learning (all students would be sent home).

Local schools would engage students remotely.

People can work from home effectively and don’t need to be constantly checked on.

It is possible to stay connected, have cocktails, and workout together with the use of Zoom, Facetime, and Google Hangouts.

Actually spending time together as a family isn’t as hard as it seems.

Being a recruiter in the financial services sector, I often use the following quote: “Bankers have a 7 years memory in a 10-year cycle,” It is not just bankers but business in general, as humans, we often go back, because they are familar. What used to be easy is no longer easy. We have created a new norm, the bar has been raised and let’s embrace it.

What choice do we really have?

Good luck, stay safe!

Ken Lubin
Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789

"What is the Ultimate Hire? The Ultimate Hire is the professional that every business, team or leader needs in their organization. This is the high performance individual that always rises to the top, brings the team to the next level and can significantly add to the bottom line. The Ultimate Hire is the person that you can't afford to be without. Finding, Attracting, Hiring and Retaining these professionals is critical to the success of your business. We have identified these traits and can help you find these top professionals."

The Ultimate Hire Collection:



North Mill Implements Procedural Enhancements in 2020
By Don Cosenza, Senior Vice President of Marketing

Many businesses are facing monumental challenges as the global COVID-19 pandemic continues. As we plow our way through the storm, it is more important than ever to highlight the positive.

Despite the challenges, North Mill recently implemented a series of modifications to our business processes that you and your customers will find beneficial. Here's a recap of what's been introduced in just the last few weeks, all of them now operational:

  • New Equipment Guidelines: North Mill is proud to be known in the industry as a small-ticket lender that offers financing on many different types of assets. Now, we have updated our equipment guidelines to provide a greater opportunity to fund more asset classes. What's more, we increased age limits on used equipment in a handful of existing categories.

    Highpoints include adding new equipment categories such as medical, agriculture and printing to our ever-expanding book of guidelines. Additionally, we extended the age of some pre-owned construction equipment to 20 years and other types of equipment to 12 years. That means that depending on the type of yellow iron, you can submit a transaction for a piece of construction equipment that was made in the year 2000.
  • Physical Damage Insurance: North Mill has made available a new physical damage insurance program underwritten by Assurant, Inc. of New York called Collateral Protection Insurance (CPI).

    Currently, we require that your customers provide proof of physical damage insurance prior to funding. Now, with the new CPI program underwritten by Assurant, your customer needn't provide a certificate of insurance for physical damage before a deal closes. Instead, the borrower can wait until after the deal is funded to provide his or her own insurance or choose insurance options available under the CPI program. It's fast and easy. Plus, since underwriting is based on a pool of Assurant applicants participating in the CPI program, your customer may obtain a more competitive quote than an individual policy. Moreover, the coverage is comprehensive, enrollment is easy, and billing is automatic via ACH.
  • Enhanced Truck Master Warranty: Specialty Administrative Services LLC administers innovative extended service plans and warranty programs. The company created a Truck Master warranty program exclusively for North Mill and we recently amended the coverage. The revised warranty broadens coverage from 2 years to 3 years and miles covered more than doubled from 240,000 to 500,000.

    In order to better protect North Mill and our customers from unexpected large repair issues inherent on used trucks, we did lower our mileage guidelines and now require the warranty be included on all units financed with 350,000+ miles. Additionally, we now have two options with two price points depending on the number of miles on the unit at the time of funding.
  • WIRELESS GPS: Based on feedback from you and your customers, North Mill scoured the market looking for the optimal wireless GPS system. We found it: a new GPS tracking device from PassTime called Encore. The unit is wireless, unobtrusive, and can be easily and inconspicuously installed by a layperson without screws or bolts. Moreover, we've made it more economical as your customer can finance the price of the unit throughout the term of the transaction by adding it to the monthly payment stream.

Don Cosenza



The COVID-19 outbreak is having a devastating impact on the American travel and tourism sector and a new report from the U.S. Travel Association and Oxford Economics has highlighted the level of financial damage it has inflicted. With flights grounded, hundreds of millions of Americans on lockdown and borders closed, the U.S. is forecast to suffer a $519 billion decline in direct travel expenditure translating into a $1.2 trillion loss in economic output - a financial impact 9 times worse than 9/11. Travel industry revenue is expected to fall 81 percent over the next two months while it is forecast to decline 45 percent over the entire year. Employment is also suffering with the report forecasting 8 million job losses within the industry by the end of April.

The report also focused on the sectors forecast to experience the highest financial losses within the wider U.S. travel industry. Food Services is set to have the highest fall in direct spending at $128 billion. Lodging will be hit to the tune of $112 billion while all those grounded airliner fleets will result in a $97 billion in direct spending for the Air Transportation sector. Even though the spending declines are set to gradually recover over the course of the year as restrictions are loosened, losses are still expected to continue throughout 2020.

By Niall McCarthy, Statista



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

Henry Schein Enhances Liquidity Position
With New Credit Facility Totaling $700 Million

Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical professionals, today announced that it has closed on a new credit facility totaling $700 million, with JP Morgan Securities LLC and U.S. Bank NA serving as Joint Lead Arrangers.

The new facility represents $700 million in committed financing that increases and replaces $200 million in uncommitted financing from the same lenders. The Company’s liquidity position now totals $1.7 billion.

The breakdown of the new financing is as follows: a $500 million, 364-day term loan, and a $200 million, 364-day revolving credit facility. Henry Schein also amended its existing $750 million revolving credit facility, most notably to include the temporary amendment of the Company’s covenant calculation to reflect Net Debt instead of Gross Debt, as well as an increase in the maximum leverage allowed under the covenant to 3.75x earnings before interest, tax, depreciation, and amortization. The amended facility matures in April 2022.

Steven Paladino, Executive Vice President and Chief Financial Officer of Henry Schein, said, “The new financing, along with our amended existing facility, increases our financial flexibility at a critical moment in the global economy.

 “These facilities support our effort to navigate the emerging challenges related to the COVID-19 outbreak while also helping to position Henry Schein for future growth and success.”

About Henry Schein, Inc.

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 19,000 Team Schein Members worldwide, the Company's network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that improve operational success and clinical outcomes. Our Business, Clinical, Technology, and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional healthcare clinics, as well as other alternate care sites.

Henry Schein operates through a centralized and automated distribution network, with a selection of more than 120,000 branded products and Henry Schein private-brand products in stock, as well as more than 180,000 additional products available as special-order items.

A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 31 countries. The Company's sales from continuing operations reached $10.0 billion in 2019, and have grown at a compound annual rate of approximately 13 percent since Henry Schein became a public company in 1995.

For more information, visit Henry Schein at,,, and @HenrySchein on Twitter.

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


Labrador Retriever
Boston, Massachusetts Adopt a Dog

Kylie K

1 year, 2 months
44 lbs.
Shots Up to Date
Okay with Kids
House Trained: Don't know
Spayed: Yes
Ok with Dogs
Ok with Cats (don't know)
Crate Trained: In progress

Kylie K is a sweet, gentle pup who wants to know she is safe and with her pack!  So far, Kylie keeps to herself for parts of the day and is still learning to be inside and trust people. She has come so far in a month- while she still enjoys her crate, she ventures out throughout the day and loves running around and playing outside with her foster siblings  She is listening to commands and doing great with routine. She is learning to enjoy affection.  Kylie is looking for someone who will go at her pace and love her for who she is now and help her become the awesome dog we know she will be!

Please Note: All dogs are posted until they are officially adopted. This dog may have other interested adopters in line.  If you are interested in adopting, please fill out an application on our website at

Questions? Please email  For more photos, or information on upcoming adoption events where you can meet her, please go to or go to our Facebook page. Thank you for your interest in saving a life!
Adoption Fee: $500.00

Las Hope K9 Rescue
71 Commercial Street #184
Boston, Massachusetts 029109

As an entirely foster-based rescue,
we do not have a physical location or phone number.



With physical stores apart from some drive-thru closed across the country, Starbucks is aiming to re-open select stores on May 4 as a way to ease back into normalcy since COVID-19 restrictions.

In a letter last week from Starbucks executive vice president Rossann Williams to employees and partners, Williams said the company is looking to open as many stores as possible starting on May 4 with “modified operations and best-in-class safety measures.” The re-opening phase will ask any able-bodied employee who doesn’t have pre-existing risks associated with COVID-19 to begin reporting back to duty at select stores chosen to re-open. Starbucks is continuing to pay employees an extra $3 an hour for shifts, and is expanding other related benefits to the end of May. Catastrophe pay will be unavailable to employees without COVID-19 who choose not to work following May 3.

Starbucks is expected to release their earnings report for the first three months of 2020 on April 28.

Starbucks' re-opening comes at a time when many major chains and businesses are choosing to remain relatively closed, despite the federal government and a few states urging them to re-open. Georgia began re-opening some nonessential businesses this week, while mayors in Atlanta and other cities urged their citizens to continue social distancing measures in spite of their governor.

By Willem Rober, Editor


News Briefs----

Newsom: To reopen, California must test at least
   60,000 people daily for coronavirus — up from 16,000 today

Study indicates Air conditioner in restaurant
   contributed to the circulation of Coronavirus

A Step-by-Step Playbook for Reopening Your Restaurant
   from the National Restaurant Association (quite involved)

COVID-19 has brought havoc to nursing homes
 Will pandemic end ‘warehousing’ the elderly?

USDA let millions of pounds of food rot
  while food-bank demand soared

Branson’s Virgin Group Looking for New Investors
   For Virgin Atlantic, Denies Selling Out Of Airline

The $600 federal boost to unemployment checks that was
   meant to aid struggling families is triggering some confusion

2 million chickens will be killed in Delaware and Maryland
   because of lack of employees at processing plants

Instacart to Add 550,000 Jobs to the Economy
    Shopping and delivery service company




You May Have Missed---

The Impact of COVID-19 on Traffic
 in America's 25 Largest Cities


Two roads diverged in a yellow wood,
And sorry I could not travel both
And be one traveler, long I stood
And looked down one as far as I could
To where it bent in the undergrowth;

Then took the other, as just as fair,
And having perhaps the better claim,
Because it was grassy and wanted wear;
Though as for that the passing there
Had worn them really about the same,

And both that morning equally lay
In leaves no step had trodden black.
Oh, I kept the first for another day!
Yet knowing how way leads on to way,
I doubted if I should ever come back.

I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I—
I took the one less traveled by,
And that has made all the difference.

- Robert Frost


Sports Briefs---

49ers icon Joe Staley retires after 13 years of admirable service

49ers aced draft’s opening round,
   filling 2 holes on a Super Bowl roster

2020 NFL Draft: Bill Belichick explains why Patriots
   didn't select QB after losing Tom Brady

NFL draft grades for every team: 49ers get an A,
   Packers earn a D

Tampa mayor tries to make amends with Tom Brady in welcome letter

Record-setting Navy QB Malcolm Perry picked
  by Dolphins in NFL draft as WR

Brett Favre: 'No one's going to replace' Aaron Rodgers
    as Packers quarterback


California Nuts Briefs---

Gov. Gavin Newsom expresses hope that he can start
   loosening stay-at-home order soon

Los Gatans show they’ve ‘got this’ with Chamber campaign



“Gimme that Wine”

Winery Trade Associations Are Coping with the Covid-19 Crisis

Coronavirus may cut wine sales in Europe by half: OIV

Free Wine App

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1773 - The British Parliament passes the Tea Act, a bill designed to save the faltering East India Company by greatly lowering its tea tax and thus granting it a monopoly on the American tea trade. The low tax allows the East India Company to undercut even tea smuggled out of America, and many colonists view the act as another example of taxation without representation. When three tea ships, the Dartmouth, the Eleanor, and the Beaver, arrived in Boston Harbor, the colonists demanded that the tea be returned to England. After Massachusetts Governor Thomas Hutchinson refused, Patriot leader Samuel Adams organized the so-called "Boston Tea Party" with about sixty members of the "Sons of Liberty." On December 16, 1773, the Patriots boarded the three British ships disguised as Mohawk Indians and dumped 342 chests of tea into Boston Harbor. The destroyed tea was valued at approximately ten thousand pounds. Parliament, outraged by the Boston Tea Party and other blatant destruction of British property, enacted the Coercive Acts, also known as the Intolerable Acts, in the following year. The colonists, in turn, responded by calling the first Continental Congress to consider a united American resistance against the British
    1791 - Birthday of American artist and inventor, Samuel Finley Breese Morse (d. 1872), after whom the Morse code is named, born at Charleston, MA. Graduating from Yale University in 1810, he went to the Royal Academy of London to study painting. After returning to America, he achieved success as a portraitist. Morse conceived the head of an electromagnetic telegraph while on shipboard, returning from art instruction in Europe in 1832, and he proceeded to develop his idea. With financial assistance approved by Congress, the first telegraph line in the US was constructed between Washington, DC and Baltimore, MD. The first message tapped out by Morse from the Supreme Court Chamber of the US Capitol building on May 24, 1844, was, ‘What hath God wrought?”
    1805 - The first American flag flown over a fortress of the Old World
was flown when Lieutenant Presley Neville O’Bannon of the Marines raised the colors over the Tripolitan fortress at Dama, on the north coast of Africa (now in Libya). After marching 800 km from Egypt, US agent William Eaton leads a small force of US Marines and Berber mercenaries against the Tripolitan port city of Derna. Lieutenant Presely O’ Bannon, commanding the Marines, performed so heroically in the battle that Hamet Karamanli presented him with an elaborately designed sword that now serves as the pattern for the swords carried by Marine officers. The phrase "to the shores of Tripoli" from the official song of the US Marine Corps also has its origins in the Derna campaign.
    1810 - Ludwig van Beethoven gives the world a romantic piece for piano, with the dedication, "For Therese, as a remembrance." Now, nobody remembers Therese. The publisher couldn't read Beethoven's handwriting & to this day the piece is known as "Fur Elise." 
While Beethoven never married, he came very close several times, and had many loves of his life as a musician and composer. "We can only speculate upon whether it was Beethoven's intention to write the piece in the letters of the name of his beloved. The famous melody starts with the tones E - D# - E, or enharmonically E - Eb - E, which in German languages equivalents E - Es - E, the "tuneable" letters in the name ThErESE or EliSE.
    1813 - US burns captures York (today called Toronto) and then
proceeds to burn it to the ground in an unsuccessful attempt to gain control of Lake Ontario. There is the fight regarding boundaries, fishing, and as important, over 300,000 loyalists left after the Revolutionary War, many to Canada where England granted land to those who opposed the revolution and assisted the British. There were still hard feelings between the two groups, as Canada was a province
of England and many believed the colonist here were still a threat.
    1816 - The first tariff passed by Congress for protection rather than primarily for revenue was the “act to regulate the duties on imports and tonnage.”
    1822 - Birthday of Ulysses S. Grant, 18th president of the US (Mar 4, 1869—Mar 3, 1877), born Hiram Ulysses Grant (d. 1885) at Point Pleasant, OH. President Lincoln promoted Grant to lieutenant general in command of all the Union armies Mar 9, 1864, changing the direction of the war effort. On April 9, 1865, Grant received General Robert F. Lee’s surrender, at Appomattox Court House, VA, which he announced to the Secretary of War as follows: “General Lee surrendered the Army of Northern Virginia this afternoon on terms proposed by myself. The accompanying additional correspondence will show the conditions fully.” Nicknamed Unconditional Surrender Grant,” Grant was a brilliant, inventive, creative general, who did like to drink, but he was a controversial president, who failed in his second attempt for the presidency.  He died a “broken man,” four days after completing his memoirs. He was buried at Riverside Park, New York, NY, following a huge parade. Grant’s Tomb was dedicated in 1897. So now you know who is buried at Grant’s Tomb.
    1825 - The industrialist Robert Owen sets up Utopian Socialist Colony at New Harmony, Indiana. About 1,000 settlers were attracted to the 20,000acres made available. Dissension arose and there was lack of direction among those who were supposed to cooperate. Owen left in 1827. In 1828 the community ceased to exist as a Utopian enterprise.
    1825 - The first strike for the 10-hour work-day, by carpenters in Boston.
    1848 - Slavery abolished in all French territories.
    1860 – Maj. Thomas “Stonewall” Jackson was appointed to lead the US arsenal at Harpers Ferry following John Brown’s raid. 
    1864 - On his birthday, General Grant officially issued orders to his armies that would lead to the end of the American Civil War. The plan called for Sherman to advance on Confederate forces through Georgia, Siegal to move through the Shenandoah Valley, Butler to advance up the James River toward Richmond and Meade to follow and engage the Army of Northern Virginia under Robert E. Lee.
    1865 - The Sultana, heavily overloaded with an estimated 2,300 passengers, exploded in the Mississippi River, just north of Memphis, en route to Cairo, Illinois. Most of the passengers were Union soldiers who had been prisoners of war and were eagerly returning to their homes. Although there was never an accurate accounting of the dead, estimates range from 1,450 to nearly 2,000. Cause of the explosion was not determined but the little-known event is unparalleled in US history.
    1865 - Actor John Wilkes Booth, the assassin of President Lincoln, was shot and killed in a barn near Port Royal, Virginia, by federal cavalrymen after they set the barn on fire. 
    1865 – Cornell University was chartered in New York.  Founded by Ezra Cornell and Andrew Dickson White, the university was intended to teach and make contributions in all fields of knowledge and from the theoretical to the applied. Cornell is one of the few private land grant universities in the United States.
    1875 - John McCloskey was the first Catholic priest from the United States to be made a cardinal, under the title of Santa Maria supra Minervam by Pope Pius IX. The investiture was made in the cathedral on Mott street, New York City.
    1880 – Francis D. Clarke and M.G. Foster secured a patent on a “device for aiding the deaf to hear” that made its own electricity and operated by bone conduction. The first electrical hearing aid produced commercially was the Acousticon, invented by Miller Reese Hutchinson of New York City in 1901. The first hearing aid using transistors was manufactured by Sonotone Corporation, Elmsford, NY, and offered for sale on December 29, 1942. It weighted 3.5 ounces and was three inches long.
    1892 - Birthday of composer and conductor Howard Fogg (d. 1953), a pioneer in the composition and synchronization of film soundtracks, was born in Lewiston, Maine. Fogg spent much of his life in Montreal. In 1934, he wrote what is considered the first original composition for a Canadian film - the music for a documentary called "Rhapsody in Two Languages."
    1899 - In Chicago, Illinois, the Western Golf Association was founded. 
    1899 - A tornado struck Kirksville, MO, killing 34 persons and destroying 300 buildings.
    1900 - Birthday of Walter Lantz (d. 1994), at New Rochelle, NY.  Originator of Universal Studios’ animated opening sequence from their first major musical film, “The King of Jazz.” Walter Lantz is best remembered as the creator of Woody Woodpecker, the bird with the wacky laugh and the taunting ways. Lantz received a lifetime achievement Academy Award for his animation in 1979.
    1903 - In Long Island, New York, Jamaica Race Track opened. Spectators included Lillian Russell and Diamond Jim Brady. 
    1904 - Congress extends the Chinese Exclusion Act indefinitely (first passed in 1882; again in 1902 extending the act for 10 years), making it unlawful for Chinese laborers to enter the US and denying naturalized citizenship to the Chinese already here.  These laws attempted to stop all Chinese immigration, with exceptions for diplomats, teachers, students, merchants, and travelers. The laws were widely evaded.  Exclusion was repealed by the Magnuson Act in 1943, which allowed 105 Chinese to enter per year. Chinese immigration later increased with the passage of the Immigration and Nationality Act of 1952, which abolished direct racial barriers, and later by Immigration and Nationality Act of 1965 which abolished the National Origins Formula. 
    1912 - One of the worst tornado outbreaks in Oklahoma's history occurred. 16 tornadoes rated F2 or greater touched down in the state with 6 of them rated F4. 29 people were killed.
    1915 - The temperature at Washington, DC hit 92 degrees, the highest ever in April. New York City hit 92 degrees as well.
    1927 - Birthday of Coretta Scott King (d. 2006), Marion, AL.  Civil rights activist, wife of Martin Luther King, Jr. 
    1931 - 100ºF (38ºC), Pahala, Hawaii (state record)
    1932 - Birthday of Casey Kasem, born Kemal Amin Kasem (d. 2014), Detroit, MI.  He was the host of several music radio countdown programs, notably “American Top 40” from 1970 until his retirement in 2009. He also provided the voice of Shaggy Rogers in the “Scooby-Doo” franchise from 1969 to 1997, and again from 2002 until 2009.  Kasem co-founded the “American Top 40” franchise in 1970, hosting it from its inception to 1988, and again from 1998 to 2004.
    1932 - Birthday of Maxine Brown (d. 2019) of the country trio, the Browns, born in Camti, Louisiana. Their recordings of "The Three Bells," "Scarlet Ribbons" and "The Old Lamplighter" were big hits on both the country and pop charts in 1959 and '60. Maxine tried a solo career after the Browns broke up in 1967 but had only one minor hit.
    1938 - On Victor Records, Tommy Dorsey and his orchestra recorded "I Hadn’t Anyone ’til You", featuring Jack Leonard on vocals. 
    1939 - Drummer Jerry Mercer of the Montreal-based rock group April Wine was born in Newfoundland. Mercer replaced April Wine's original drummer, Richie Henman, in 1974. April Wine was Canada's leading touring band of the '70s, and among their hits were 1972's "You Could Have Been a Lady" and "Roller" from 1979. Their biggest international success came in the following decade when "Just Between You and Me" made number 21 on the Billboard Hot 100 in 1981. April Wine also appeared with the Rolling Stones at a Toronto night club in March 1977. 
    1942 - A destructive tornado, rated F4, tracked through Rogers and Mayes counties in Oklahoma. The town of Pryor was hit squarely. 52 people were killed and damage amounted to $2.5 million.
    1944 - Cuba Gooding (d. 2017) was born in Harlem.  He was the most successful lead singer of the soul group The Main Ingredient.  He is perhaps best known as the father of Cuba Gooding, Jr
    1947 - Peter Ham (d. 1975) of Badfinger is born, Swansea, Wales. Ham committed suicide in 1975, when he became depressed while embroiled in band-related issues, such as label and management problems, as well as a lack of funds. One of rock music's true talents who died way to soon.
    1947 – Babe Ruth Day was celebrated at Yankee Stadium, in every ballpark in the Majors and minors, and in Japan.  Mortally ill with throat cancer, having submitted to experimental chemotherapy treatments that are now commonplace, Ruth ambled to the plate wearing his number 3 uniform for the last time.  His gravelly voice, captured in often-seen newsreel of the day, Ruth thanked his fans and spoke of the great game he loved.  The chemo brought improvement in his condition, allowing him to promote American Legion baseball through the sponsorship of Ford Motor Company.
    1948 - Kate Pierson of The B-52s is born in Weehawken, N.J. The group's biggest hits are the 1989 songs, “Love Shack'' and “Roam,'' both of which reach No. 3 on Billboard's Hot 100. Pierson also sings backup on R.E.M.'s top 10 hit, “Shiny Happy People.'' Both bands are based in Athens, Ga.
    1949 - Top Hits
“Cruising Down the River” - The Blue Barron Orchestra (vocal: ensemble)
“Forever and Ever” - Perry Como
" ‘A’ You’re Adorable” - Perry Como
“Candy Kisses” - George Morgan
    1950 - The modern state of Israel is officially recognized by the British government.
    1951 - Birthday of Ace Frehley, former lead guitarist with the theatrical rock group Kiss, was born in New York. Kiss, known for their painted faces and extravagant on-stage antics, was one of the biggest-selling acts of the 1970's. Frehley was recruited for the band through an ad in The Village Voice. The critics almost unanimously panned Kiss's heavy-metal thudding, but their albums sold in the millions. Frehley left Kiss in 1983.
    1956 - At age 31, Rocky Marciano, undefeated in 49 professional bouts (43 knockouts and six title defense), announced his retirement as World Heavyweight Boxing Champion.
    1956 - Capitol Records signs Gene Vincent, intending to market him as the next Elvis; "Be-Bop-a-lula."  The writing of the song is credited to Gene Vincent and his manager, Bill "Sheriff Tex" Davis. Evidently, the song originated in 1955, when Vincent was recuperating from a motorcycle accident at the US Naval Hospital in Portsmouth, VA. There, he met Donald Graves, who supposedly wrote the words to the song while Vincent wrote the tune.  The song was released in June 1956 on Capitol Records' single F3450, and immediately sold well. The song was successful on three American singles charts: it peaked at No. 7 on the Billboard pop music chart, No. 8 on the R&B chart, and made the top ten on the C&W Best Seller cart, peaking at No. 5.  In the UK, it peaked at No. 16 in August 1956.  In April 1957, the record company announced that over 2 million copies had been sold to date.
    1957 - Elvis makes his second and last appearance outside of the US, wearing his classic gold lame suit for the last time as he plays Toronto's Maple Leaf Gardens.
    1957 - Top Hits
“Little Darlin’” - The Diamonds
“All Shook Up” - Elvis Presley
“Mama Look at Bubu” - Harry Belafonte
“Gone” - Ferlin Husky
    1959 - "Personality," by Lloyd Price was released. From the 1950s to the early 1960s, Price had 10 songs on the nation’s pop music charts.
    1959 - Sheena Easton is born in Bellshill, Scotland. Her biggest hit is “Morning Train (Nine to Five),'' which tops Billboard's Hot 100 for two weeks in 1981.
    1963 - Martha and the Vandellas had their first entry on the Billboard rhythm-and-blues chart, "Come and Get These Memories." Three months later, the Motown group would have its biggest hit, "Heat Wave."
    1963 - Little Peggy March's "I Will Follow Him" hits #1 
    1964 - John Lennon's "In His Own Write," a collection of funny poems and drawings, is published in the U.S.
    1965 - Top Hits
“Game of Love” - Wayne Fontana & The Mindbenders
“Mrs. Brown You’ve Got a Lovely Daughter” - Herman’s Hermits
“I Know a Place” - Petula Clark
“This is It” - Jim Reeves
    1968 - Vice President Hubert Humphrey announces his candidacy for the Democratic presidential nomination. In an interview, he said he supported the current US policy of sending troops "where required by our own national security." On 31 March 1968, President Lyndon B. Johnson, frustrated with his inability to reach a solution in Vietnam, announced that he would neither seek nor accept the nomination of his party for re-election. This set up a contest for the Democratic nomination. Humphrey's main competition was Senator Eugene McCarthy (D-Minnesota), who had come within a few hundred votes of beating Lyndon Johnson in the New Hampshire primary. Robert Kennedy had entered the race and won most of the Democratic primaries until he was assassinated in June. When the Democratic National Convention opened in Chicago in August, a conflict immediately erupted over the party's Vietnam platform. While demonstrations against the war took place in the streets outside the convention hall, Humphrey won the party nomination. He was ultimately defeated in the general election by Republican Richard Nixon, who criticized the Johnson's handling of the war and ran on a platform of achieving "peace with honor" in Vietnam.
    1968 - Jimmy Ellis won a 15-round decision over Jerry Quarry to capture the heavyweight championship. This fight at Oakland, CA, was the final in an eight-man elimination tournament to select a champion to replace Muhammad Ali, form whom the title was stripped.
    1968 - Simon & Garfunkel's "Mrs. Robinson" is released. It is from
the soundtrack of “The Graduate.”  "Mrs. Robinson" became the duo's second chart-topper, hitting number one on the Billboard Hot 100, as well as peaking within the top 10 of the UK, Ireland and Spain, among other countries. In 1969, it became the first rock song to win the Grammy Award for Record of the Year. The song has been covered by a number of artists, including Frank Sinatra. In 2004, it finished at No. 6 on AFI’s 100 Years…100 Songs survey of top tunes in American cinema.
    1969 - Joe Cocker makes his American debut on the "Ed Sullivan Show" before embarking on a tour.
    1970 - The Civic Center branch of Surety National Bank, Los Angeles, became the first bank to be fully automated. It contained six telestations equipped with closed-circuit television and monitored by a teller. A “validator” provided instant validation of checks by code rather than by signature. A money machine dispensed cash in an envelope. This was well before ATM’s. It is not known what
happened to Surety National Bank. 
    1973 - Top Hits
“Tie a Yellow Ribbon Round the Ole Oak Tree” - Dawn featuring Tony   
“Sing” - Carpenters
“The Cisco Kid” - War
“Superman” - Donna Fargo
    1974 - Waylon Jennings's first number-one single, "This Time," entered the country charts in the US.
    1975 - Saigon is encircled by North Vietnamese troops.
    1976 - Maxine Nightingale was awarded a gold record for the single, "Right Back Where We Started From," which spent 2 weeks at #2. In the early 1970s, Nightingale was in the productions of "Hair," "Jesus Christ Superstar," "Godspell" and "Savages." 
    1976 - Bruce Springsteen's meteoric career rise is stalled when he sues manager Mike Appel for fraud and breach of contract, keeping him from performing or recording for over a year.
    1976 - After years of alleged physical and verbal abuse, and having left over the Fourth of July with nothing but pocket change and a gas station credit card, Tina Turner files for divorce from her husband of sixteen years, Ike.
    1979 - Stevie Wonder makes a surprise appearance at a Duke Ellington tribute concert at UCLA's Royce Hall. He performs "Sir Duke and Ellington's "C-Jam Blues." 
    1980 - Three years and a day after opening its doors, New York's legendary disco, Studio 54 shuts down due to numerous questionable activities. Several movies about the club and its attendees will make it appears the club was open for longer, but it was not.
    1981 - Top Hits
“Kiss on My List” - Daryl Hall & John Oates
“Morning Train” (“Nine to Five”) - Sheena Easton
“Being with You” - Smokey Robinson
“A Headache Tomorrow” (“Or a Heartache Tonight”) - Mickey Gilley
    1981 - Xerox introduces its STAR 8010 information system, the first computer on the market to boast a mouse and a point-and-click interface. The STAR was based on cutting-edge work at Xerox's Palo Alto Research Center, which had developed a graphic user interface using a mouse for a machine called the Alto. The mouse, first demonstrated in 1968 by Douglas Engelbart of the Stanford Research Institute, would not catch on until the Apple Macintosh was introduced in 1984. Xerox devoted nine years and some $50 million to developing the STAR, but the product failed, partly because of its high price of $16,500, It had no easy language to learn and no spreadsheet capabilities, and one of the major developers, Alan Kay, went on to Atari and then to Apple, to help in development of its computer.
384 KB (expandable to 1.5MB) of real memory 
10, 29 or 40 MB hard drive 
17-inch display 
8" floppy drive 
Ethernet connection
    1986 - No. 1 Billboard Pop Hit: “Addicted to Love,'' Robert Palmer. This is Palmer's first No. 1 single.
    1987 - Forty-two cities in the western and south-central U.S. reported record high temperatures for the date. The afternoon high of 87 degrees at Olympia, WA was an April record, and highs of 92 degrees at Boise, ID, 95 degrees at Monroe, LA, and 96 degrees at Sacramento, CA tied April records. (The National Weather Summary) More than 300 daily temperature records fell by the wayside during a two week long heat wave across thirty-four states in the southern and western U.S. Thirteen cities established records for the month of April.
    1988 - Observers at the Mount Washington Observatory in New Hampshire reported over 7 feet of snowfall in a 10 day period, bringing their total for April to 89.9 inches. This set a new record for April snowfall on the mountain breaking the old standard of 89.3 inches set in 1975. Records have been kept on the summit since December of 1932.
    1989 - Severe thunderstorms struck Omaha, Nebraska. Hail up to 4.5 inches in diameter fell. 3 inches of rain in a relatively short period of time caused flooding of streets with 3 feet of water reported at some intersections.
    1989 - Top Hits
“Like a Prayer” - Madonna
“Funky Cold Medina” - Tone Loc
“I’ll Be There for You” - Bon Jovi
“The Church on Cumberland Road” - Shenandoah
    1990 - Thunderstorms produced severe weather in eastern Texas and the Lower Mississippi Valley. Severe thunderstorms spawned thirteen tornadoes in Texas and twelve in Louisiana. A tornado southwest of Coolidge, TX injured eight persons and caused more than five million dollars damage. There were also eighty-five reports of large hail and damaging winds, with baseball size hail reported at Mexia, TX and Shreveport, LA. Forty-three cities in the eastern U.S. reported record high temperatures for the date. Records highs included 94 degrees at Charleston, WV, 95 degrees at Baltimore, MD and 96 degrees at Richmond, VA.
    1994 - The first criminal convicted on the evidence of DNA matching was Timothy W. Spencer, who died in the electric chair in Greensville Correctional Center, Greensville, VA. Spencer was convicted of murdering four women in Richmond, VA, in 1987. DNA from his cells were matched with DNA found in evidence at the scene of the crime, a process also known as genetic fingerprinting.
    1995 - The US Justice Department files an antitrust suit to block Microsoft from buying Intuit, makers of the popular Quicken financial software, for $2.1 billion. The suit argued that financial software was one of the only remaining software sectors not dominated by Microsoft. Intuit dominated about 70% of the personal finance software segment, while Microsoft Money held only 22%. Microsoft voluntarily abandoned the merger in May.  Of all the products developed by Microsoft to date, Microsoft Money never took off compared to Quicken.
    1995 - Ross Glatzer, president of Prodigy Services Co., the leader of the pack on the Internet, quits amid tension between parent companies IBM and Sears. IBM reportedly wanted more power over the online venture, which had just started showing signs of profitability. The two companies had invested $1 billion in the venture since 1985. In March, Prodigy's second-in-command, Scott Kurnit, left the company to join MCI's new Internet venture. The company continued to struggle after Glatzer's departure. In 1996, Prodigy's management purchased the company and began transforming it into an Internet service provider.
    1996 - Barry Bonds, joins his father, godfather, and Andre Dawson, becoming then only the fourth Major Leaguer to hit 300 homers and swipe 300 bases as he homers for the Giants' in a 6-3 victory over the Marlins. Bobby Bonds, Willie Mays, Dawson, Reggie Sanders, Steve Finley, Alex Rodriguez, and Carlos Beltran are the only other 300-300 players. 
    2000 - Sixteen players of the Tigers and White Sox are suspended for a total of 82 games for participating in two brawls at Comiskey Park five days ago making it the most severe punishment ever given for a bench-clearing incident. Both managers, Phil Garner and Jerry Manuel, are suspended for eight games each.
    2011 - An estimated 305 tornados between the 27th and 28th sets a record for the largest outbreak ever recorded, including two EF-5s, four EF-4s and 21 EF-3s. Arkansas through Mississippi, Alabama, Georgia, southern Tennessee, Virginia to Pennsylvania and New York were all affected. An estimated 300 died including 210 in Alabama alone. This brought the April total past 600, the most in any month in recorded US weather history.
    2011 - Rod Stewart was honored at the 28th annual ASCAP Pop Awards in Los Angeles for the string of hits he wrote in the 1970s that included "Maggie May," "You Wear It Well," "Tonight's The Night" and "Da Ya Think I'm Sexy."



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- “In the middle of every difficulty lay opportunity”
   Kris Roglieri, National Alliance of Commercial Loan Brokers
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   In Recovery, Not out of Rehab
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- Open Letter to  Loan Brokers and Originators
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 on SB 1235
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    Spoke to Presidents of Leasing Companies and Bankers
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   Three Major Points
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   Year-end December 31, 2019 (highlights plus full report)
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  (Closed, Open, or Postponed)
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   Controlling the Spread of Coronavirus
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   In Three Executives No Longer at Currency
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  Open to Members and Non-Members
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   Industrial Bank Application to FDIC
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    By Christopher Menkin
- Rumor Tom Depping to Retire before End of Year
    Regions Bank Deal to Complete by End of Second Quarter
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- CLFP Company Membership Count Two Employees or More
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   In April 11, 2018 Case over Millions of Dollars
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  of $55.2 Billion in Fourth Quarter 2019
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    of Ascentium Capital in MHT Case in Texas
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 by Small Business Lenders and Brokers Re-Introduced in New Jersey
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   Son John Sends Announcement of Visitation/Service
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  To Generate New Leads for Brokers/3rd Party Originators
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    to Balboa Capital MHT Regarding Claim
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   11-Page Earnings Call Transcript, Seeking Alpha Highlights
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   as California Wraps Up Questionnaire on Its Procedures
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  Plus First CLFP in India, Bringing Year-End Total 860
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   Finance quiet about a relationship with PIMCO?
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    onto NMLS Licensing Platform
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     Finance quiet about a relationship with PIMCO?
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     that became the nation's first failure in years
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   If You Are Required to Have a License or Don’t File Annual Report
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   By Christopher Menkin, Editor
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     Phil Dushey, President, Global Financial Services
   for $429,000 as a Result of Lying to Lessee
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   Menkin has an Epiphany
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