Leadership role in building a team focused on credit, documentation and
funding functions for a dynamic high growth business operating in both
captive and non- captive lift truck markets.
Click here for full description.
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Archives--August 8, 2000 Greater Bay Bancorp Announces Acquisition
of Matsco Companies.
Headquartered in Emeryville, California, Matsco Companies
was started by Matthew Shieman (Matt's Company) and specialized
in the dental and veterinary market.
Originally domiciled at Cupertino National Bank, it was purchase by Greater Bay Bancorp, which then became nine subsidiary banks: Bank of Santa Clara, Bay Area Bank, Bay Bank of Commerce, Coast Commercial Bank, Cupertino National Bank, Golden Gate Bank, Mid-Peninsula Bank, Mt. Diablo National Bank, and Peninsula Bank of Commerce, along with its operating divisions, serving clients throughout Silicon Valley, San Francisco, the San Francisco Peninsula, the Contra Costa Tri-Valley Region and the Coastal Market.
Greater Bay Bancorp paid Matsco shareholders $6.5 million in cash and up to an additional $6.0 million in an earn-out arrangement over a 5 year period. The Company is endorsed exclusively by the American Dental Association (ADA) and California Dental Association (CDA). The principal financial products offered by Matsco included practice start-up financing, practice expansion financing, practice acquisition financing, working capital and financing for retirement planning. These products are structured as either equipment leases or loans.
March, 2006, Matthew D. Shieman is out as president of the Matsco Companies. He is now part of Diversity Capital, working out of Moraga, California, a residential community across the bay from San Francisco.
October 9, 2010, at the American Dental Association meeting it was announced Matsco would change its name to Wells Fargo Practice Finance, which exists today (https://practicefinance.wellsfargo.com/ )
Chairman at Blackhawk Modifications
Matt is chairman of the board of Blackhawk Modifications, the leading global provider of products and services that improve a wide variety of single- and twin-engine turboprop aircraft. He brought decades of experience in commercial financial management and business planning when he helped to create Blackhawk in 1999. Serving initially as a corporate director with ownership interest, in 2005 he took a more active role in building strategic relationships with Blackhawk’s supplier network and investment partners. The following year, he accepted more management responsibilities as Blackhawk’s chairman of the board and continues serving the company in that role today.
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Ascentium Capital Surpasses $2 Billion
Credit Application Milestone
Ascentium Capital, Kingwood, Texas, announced a three year mark of reaching $2 billion in credit applications since its inception. On August 10, 2011, when it was announced they were backed by Vulcan Capital, the private investment group of Paul G. Allen, and a group of investors led by LKCM Capital Group, LLC (“LKCM”), the alternative investment vehicle for Luther King Capital Management.
Ascentium Capital acquired the $150 million portfolio of commercial loans and leases from Main Street Bank, as well as a state of the art small business origination and servicing platform.
The announcement stated: "Ascentium Capital will be initially capitalized with $75 million of equity and a $250 million warehouse facility led by UBS Investment Bank. The company will also have access to an additional $35 million of equity capital to fund future growth. Ascentium Capital will be headquartered in the Houston metropolitan area of Kingwood, Texas, and led by the existing Main Street senior management team, including Chairman Tom Depping."
The company has been seeing $100 million in monthly credit applications, and reaching and surpassing the key milestone of reaching $2 billion in credit applications is not a surprise.
“This achievement is a strong example of the far-reaching benefits of our specialized financing,” Chief Executive Officer of Ascentium Capital Tom Depping said. “It’s rewarding to see our organization create products and services that drive growth and assist our equipment vendors and clients in meeting critical business initiatives. The company's track record of results is due to its investment in people, processes, and technology.”
He noted accomplishments over the last three years include receiving Aaa and AAA ratings from Moody’s Investors Service and DBRS, the acquisition of strategic companies, and the opening of sales offices throughout the United States. Ascentium Capital continues to develop a proprietary platform to serve local, regional and national vendor programs and is currently recruiting experienced sales professionals within key markets including healthcare, technology and telecommunications.
Depping said his company is driven by the talent of tenured financing personnel throughout its organization including operations, IT, customer service, marketing and sales professionals. He noted Ascentium Capital continues to recruit financing sales professionals through the United States in key vertical markets.
Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.
Sales, Chicago, Atlanta
Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage &
Classic Automobiles, Taxi, Livery & Paratransit
Leasing Operations Manager
San Antonio, Texas
Leadership role in building a team focused on credit, documentation and
funding functions for a dynamic high growth business operating in both
captive and non- captive lift truck markets.
Click here for full description.
Rob Bauersmith was hired as Senior Account Executive at Susquehanna Commercial Finance, Malvern, Pennsylvania. Previously, he was VP Business Development, Tri-State Imaging Consultants (January, 2010–May, 2014); Account Executive, CoActiv Capital Partners (April, 2008–November, 2009); Regional Manager, CIT Healthcare (August, 2005–January, 2008); Regional Manager, SMT Leasing (2003–July, 2005); Regional Manager, DVI Financial Services (1993–2003). Education: Temple University, BA, Finance
Scott Burnett was hired as Vice President, Equipment Leasing Bank of the Ozarks Equipment Leasing, Florida. He formerly was with SunTrust Bank, where he joined as Vice-President, 2007, and was promoted to Vice President-Special Assets Department, May, 2010. Previously he was Vice President - Commercial Lending / Leasing Company Manager, Riverside National Bank (December, 2003–April, 2007); Vice President, First Southern Bank (1999–2003); President, CFO Leasing and Finance, Inc. (1997–2003); Vice President, Credit Administrator, Coastal Leasing, Inc. (1993–1997); AVP, First Union (Wachovia) (1986–1992). Education: Florida Atlantic University Bachelor, Finance (1982–1985). www.linkedin.com/pub/scott-burnett/3/a0a/151
Michael Cornacchia was announced as Vice President at Cole Taylor Equipment Finance, to cover the territories of New York, Connecticut, and Northern New Jersey. Previously, he was Regional Finance Manager, Siemens Medical Solutions USA, Inc. (2002–2013); Vice President – Leasing, Bank of America Leasing & Capital Group (July, 2001–November, 2002); District Manager. Mellon US Leasing (March, 1996–July, 2001); Vice President, Connell Finance (1990–1995). Honors & Awards: Siemens Medical Solutions USA, Inc. 2011 Siemens Medical Solutions USA, Inc., APEX PEAK Award;
2008 Siemens Medical Solutions USA, Inc., APEX CREST Award; 2006 Siemens Medical Solutions USA, Inc., APEX CREST Award; 2003 Siemens Medical Solutions USA, Inc., APEX CREST Award; Mellon US Leasing: 2000 Mellon US Leasing, PRESIDENT'S CLUB. 1999 Mellon US Leasing, PRESIDENT'S CLUB. Education: Boston College. BA, Economics. Activities and Societies: Varsity soccer. Rutgers, The State University of New Jersey-Newark MBA, Finance www.linkedin.com/pub/mike-cornacchia/1a/732/439
Carol M. Dmytriw was promoted to National Sales Manager, Vocational Truck Division, Advantage Funding, Lake Success, New York; working out of the Dallas/Fort Worth, Texas area. She joined the firm as National Sales Manager, June, 2014. Previously she was Senior Manager - Sales, Mercedes Benz Financial Services dba Daimler Truck Financial, Fort Worth, Texas (January 1999–2013); Asst. VP, Associates Commercial Corporation (April, 1982–December, 1998). Education: B.S. in business from the University of Nebraska. www.linkedin.com/pub/carol-dmytriw/13/2a2/425
Larry Ginsberg was promoted to Center Manager, Philadelphia & Baltimore at Navistar, Inc. He became Center Manager for Philadelphia, Pennsylvania, January, 2014. Previously he was Center Manager, International Used Truck Organization-Navistar, Baltimore, Maryland. He joined Navistar, December, 2010 as Wholesale Manager, Philadelphia, Pa; International Used Truck Organization. Prior, he was Regional Sales Manager, TruckCenter.com (March, 2010–October, 2010); District Sales Manager, Key Equipment Finance (April 2007–August 2009); Director Of Business Development, CAG Truck Capital (February, 2006–February, 2007); Partner; Training & Development Practice Leader, Growth Management Strategies (2005–2006). He started as Area Operations Manager, PACCAR Financial (1993-2005); promoted to Area Sales Manager: Area Operations Manager, Area Credit Manager, then in 2005 Partner; Training Development Practice Leader. Prior he was Credit & Collections Manager; Area Controller, McDonnell Douglas Truck Services (June, 1982 – September, 1992). District Controller; NJ, ME, MS, Hertz/Penske Truck Leasing (1980 – 1982). Certification: Certified Credit Executive, National Association of Credit Management (June, 1988–Present). Honors & Awards: Competent Toast Master, Toastmasters International (July, 2005). Was awarded certification for public speaking after completing required course speaking curriculum. Precision Truck Training - Heavy Duty Models, Truck Marketing Institute (February, 2012), Twelve month study curriculum on heavy duty truck componentry & design. Education: Temple University, BBA, Business; major - accounting (1976–1980); Community College of Philadelphia, Associate's degree, Business (1976). www.linkedin.com/in/larryginsberg
Andrew Kirsch was announced as Sr. Vice President at ColeTaylor Equipment Finance, Boca Raton, Florida, to cover the territories of Florida, Georgia, Alabama, and Mississippi. Previously, he was Principal, Pegasus Financial, Inc., Boca Raton, Florida (2001–2014); Senior Vice President, Somerset Capital Group, Ltd. (2011–2012); Vice President, SunTrust Equipment Finance & Leasing Corp. (2004–2011); V.P., Banc of America Leasing and Capital (1988–2000); Vice President, District Manager, Chemical Business Credit Corp. (Chemical Bank, now JPMorgan/Chase) (1980–1985). Education:
University of Miami - School of Business, Master of Business Administration (MBA), Finance, University of Miami - School of Business, Bachelor of Business Administration (BBA), Business Administration and Finance www.linkedin.com/pub/andrew-kirsch/9/7a2/992
Larry Lehman was announced as Senior Vice President at ColeTaylor Equipment Finance, Blue Bell, Pennsylvania, to cover Pennsylvania and New Jersey. He joined the firm March, 2014. Previously, he was SVP, Banc of America Leasing (April, 1997–February, 2014); SVP, CoreStates Leasing (February, 1991–April, 1997); Audit, PwC (1981–1986). Education: Drexel University - College of Business and Administration, Bachelor of Science (BS), Accounting and Finance (1976–1981). www.linkedin.com/pub/larry-lehman/49/61b/a54
Barry Morrell was hired as Financial Consultant at RGP, Marlton, New Jersey. Previously, he was Financial Consultant, ACE Group (February, 2014 – June, 2014); Business Analyst, Boeing (2009–2013); Operations Manager, LEAF Financial Corporation (2006–2009); Senior Accountant - Financial Analyst, Marlin Business Services Corp (2004–2006); Treasury Analyst, Marlin Business Services Corp (1999–2004). Education: Rowan University, Bachelor of Science (BS), Accounting and Finance www.linkedin.com/pub/barry-morrell/83/396/16
Dan OMalley was promoted to President/Chief Operating Officer at LeaseTeam, Inc, Omaha, Nebraska. He joined the firm as a Programmer in 2000, was promoted to Vice-President-Software Development, September, 2008. Prior to LeaseTeam, he was a Programmer, Cinmar (1999-2000). Education: Miami University BS, Management Information Systems (1996–1999). www.linkedin.com/in/danomaha
Michael Ruback was hired as Executive Administrator, Genesis HealthCare. Previously, he was Administrator, Country Villa Health Services (September, 2011–August, 2014); Vice President of Structured Credit, Key Equipment Finance (March, 2008–September, 2011); VP, Merrill Lynch (2001–2008). Education: University of Nebraska at Omaha, MBA, Finance (2000–2001). University of Kansas (1996–2000).
Nathan Smock was hired as inside Sales Representative at Thomson Reuters, Greater Minneapolis-St. Paul Area. Previously, he was Relationship Manager, US Express Leasing (March, 2008–December, 2008).
Jeff Van Slyke was promoted to EVP & Chief Business Development Officer at LeaseTeam, Inc., Omaha, Nebraska. He originally joined the firm June, 1994; then left to become Controller, Technology Credit Corporation (December, 1996–March, 2000); Director of Finance, Novellus Systems, Inc. (March, 2002–April, 2004). Rejoined LeaseTeam as Product Manager, April, 2004; Manager, April, 2004, then became Vice President, March, 2006. Education: University of Nebraska at Omaha, MBA (2006–2008). University of Nebraska-Lincoln, BA, Accounting (1989-1993). www.linkedin.com/pub/jeff-van-slyke/1/2a2/501
Jeff Wenrich was hired as VP at Cole Taylor Equipment Finance, Greater Seattle area; to cover Alaska, Idaho, Montana, Oregon, and Washington. Previously, he was SVP Business Development, Orion First Financial, LLC (April, 2012–June, 2014); VP Operations, Harbor Soccer (2006–2014); VP - Territory Manager Wells Fargo Equipment Finance (February, 2010–April, 2012); DSM, GE Capital (formerly Citi Capital) (October, 2005–July, 2009). Education: PSU, Master of Business Administration (M.B.A.), Marketing, University of Michigan, BA, Industrial and Organizational Psychology www.linkedin.com/pub/jeff-wenrich/1/318/405
Austin Witham was hired as Technology Advisor at Marco, Inc., Cedar Rapids, Iowa. Prior, he joined GreatAmerica Financial Services, June, 2007 as Portfolio Manager; May, 2012, promoted to Operations Support Specialist; October, 2012, Sales Support Specialist. Education: University of Iowa, BA, Marketing (2010–2012). Kirkwood Community College, AA, Pre-Business (2008–2010). www.linkedin.com/pub/austin-witham/33/b4/bb2
Broker’s Responsibility to Obtain California Lender’s License By Tom McCurnin
Leasing News Legal Editor
Brokers Have a Duty to Be Licensed If They Charge a Commission Paid by a Licensed Funding Source
This applies certainly to any type of loan transaction, including capital
leases, or any lease transaction where the lessor does not claim the depreciation, has a "bargain" purchase option, or a fixed residual set amount, known as a "Purchase Upon Terms" or PUT.
The starting point is 10 California Administrative Code § 1451 which prohibits a licensed financial lender from paying a commission to a broker that is not licensed.
The second statute is California Financial Code § 22204 which defines a broker in two ways. First, a broker is someone who negotiates loans. Second, is a broker is someone who performs any act as a broker. That second definition is a little squishy and I’m not terribly sure what it means.
So tying these two statutes together, let’s look at some examples.
Hypothetical Number One: Broker, while golfing, introduces borrower to a licensed funding source for a lease of equipment and is paid a commission. Because the broker did not “negotiate a loan,” Broker doesn’t need a license.
Hypothetical Number Two: Broker takes application from borrower, forwards it to a licensed funding source for a lease of equipment, and is paid a commission. Broker needs a license, and funding source may have violated the Financial Lenders Law by paying a commission to someone who performs any act as a broker. I say ‘may have’ because the broker did not per se negotiate the terms of the loan, merely forwarded the application and pushed some paperwork.
Hypothetical Number Three: Broker takes application from borrower, forwards it to a licensed funding source for a lease of equipment, and negotiates payment terms, and lease length, and is paid a commission. Broker needs a license, and funding source has violated the Financial Lenders Law by paying a commission to someone who performs any act as a broker.
Hypothetical Number Four: Broker takes application from borrower, forwards it to a bank for a lease of equipment, and negotiates payment terms, and lease length, using the bank’s documents, not a private label contract, and is paid a commission. Broker does not need a license, because banks are exempt from licensure under the Financial Code.
Hypothetical Number Five: Broker is unlicensed and is not negotiating terms of the loan. We know that the broker is not required to be licensed. However, broker, in his brokerage agreement with the funding source represented that it is “licensed to conduct business in every state in which broker is operating,” or words similar to that (a common clause). Arguably that funding source may declare a breach in the agreement because the broker is not licensed as a Financial Lender. This could be a real “gotcha” used by funders.
Bottom Line: I would hate to rest my case on the fact that processing an application and doing paperwork is not acting as a broker, although the statute seems to suggest that interpretation. If brokers are doing business with California borrowers, then I earnestly suggest that the funding sources insist that its brokers be licensed, and likewise suggest that the brokers obtain a license.
To Apply: California Finance Lenders Law Web Site
Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.
Barton, Klugman & Oetting
350 South Grand Ave.
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at www.bkolaw.com
The Real Reason Tiger Woods Will Never Catch Jack Nicklaus
Tiger Woods reportedly played the worst of three yesterday at the PGA Championship, Louisville, Kentucky, finishing with a three-over-par 74. Due to injury or missed cut, Tiger has missed at the majors 30 times since turning pro. Of those, 28 have come in the last seven years.
At the same age (38), Jack Nicklaus had missed the cut in a total of eight rounds in his career at the majors, and none due to injury. In fact, by the time Nicklaus won his 18th major at the age of 46, he only missed 15 rounds at a major with only three of those due to injury.
Nicklaus had a total of 18 career major championships, while producing 19 second place and 9 third place finishes in them, over a span of 25 years.
Tiger has won 14 professional major golf championships, the second highest of any player. He still has the chance to overtake Nicklaus, but not a the pace he is hitting now with all the back injuries, and putting errors.
Possibly he can over take Sam Snead 82 PGA Tour events, as he has 79 PGA Tour events. He has more career major wins and career PGA Tour wins than any other active golfer. He is the youngest player to achieve the career Grand Slam, and the youngest and fastest to win 50 tournaments on tour.
Additionally, Woods is only the second golfer, after Jack Nicklaus, to have achieved a career Grand Slam three times. Woods has won 18 World Golf Championships, and won at least one of those events in each of the first 11 years after they began in 1999. Woods and Rory McIlroy are the only golfers to win both The Silver Medal and The Gold Medal at The Open Championship.
Top-paid CFOs in the US banking industry, 2013
By Rabia Arif and Maria Tor
SNL Financial Report
The U.S. banking industry's top-paid CFOs in 2013 were Capital One Financial Corp.'s Stephen Crawford, Bank of America Corp.'s Bruce Thompson and Citigroup Inc.'s John Gerspach.
Crawford's total compensation in 2013 was $12.5 million, compared to Thompson's $11.5 million earned at Bank of America and Gerspach's $9.3 million at Citigroup. Crawford takes the top spot after joining Capital One in May 2013. He was previously a partner at Centerview Partners LLC, an independent banking and advisory firm he co-founded in 2006. Seen as a possible successor to Capital One CEO Richard Fairbank, Crawford had previously served as CFO of Morgan Stanley. Capital One's CFO before Crawford also earned a large pay package. Gary Perlin, who retired as CFO in May 2013, was the sixth-highest-paid CFO among U.S. banks and thrifts in 2012.
KeyCorp CFO Donald Kimble Jr. entered the 2013 ranking at No. 9 after he was poached from competitor Columbus, Ohio-based Huntington Bancshares Inc. KeyCorp compensated Kimble with a total of $3.4 million, including an annualized salary of $553,754 in 2013, compared to his 2012 total compensation at Huntington of $2.7 million. Kimble's compensation at Huntington was not high enough to place him in SNL's 2012 ranking of top paid CFOs.
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One of the year's most acclaimed films ("Boyhood") and a period comedy ("Magic in the Moonlight") come to theaters, while new DVDs offer anguished epics ("Noah"), Baby Boomer nostalgia ("The Big Chill"), and one-of-a-kind horror ("Phantom of the Paradise").
Boyhood (IFC Pictures): A veteran of the American indie scene, director Richard Linklater ("Slacker," "Before Midnight") delivers his most critically acclaimed film yet with this absorbing slice-of-life drama. Filmed over the course of twelve years so that audiences can actually witness the growth of the main character from ages 5 to 17, the story centers on Mason (Ellar Coltrane), a young Texan drifting through life. As time passes, we see his relationship with his Mom (Patricia Arquette) and Dad (Ethan Hawke), his entering school and dealing with bullies and crushes, his new homes and interests and assorted coming-of-age rituals. Filming with patience and tenderness, Linklater evokes the ebb and flow of life, resulting in a deceptively modest vision that's brimming with deeply humanistic moments. Not to be missed.
Magic in the Moonlight (Sony Pictures Classics): Returning to his fascination with the romantic past, Woody Allen's latest comedy is a sumptuous stroll through 1920s Europe. Colin Firth stars as Stanley, a dapper Englishman who blends his reputation as a stage illusionist with a personal skepticism when it comes to real magic. That's when he meets Sophie (Emma Stone), a young psychic who might be using her self-proclaimed powers to mooch off other people. Determined to expose her "miracles" as trickery, Stanley instead becomes more and more beguiled by her, and a romance slowly blossoms. While it scarcely reaches the heights of Allen's previous masterpieces, the movie nevertheless displays enough charm and humor to, like its two mismatched protagonists, weave a spell of its own.
Netflix Tip: With news of Japan's Studio Ghibli closing its animation department, movie buffs should look back at its several decades of wonderful fantasy. In honor of Ghibli, check out some of its most enduring films, from "My Neighbor Totoro" (1988) and "Princess Mononoke" (1997) to "Spirited Away" (2001) and "The Wind Rises" (2013).
Noah (Paramount): The films of Darren Aronofsky ("The Wrestler," "Black Swan") may have plenty of faults, but lack of ambition is not one of them. For his latest, the Oscar-nominated writer-director goes Old Testament in a large-scale retelling of the Flood. Russell Crowe is ideally cast as Noah, the brooding patriarch who takes upon himself to build an ark with two of every animal, in order to restart life on earth after visions of a divine, all-destroying deluge. Doubt plagues his wife (Jennifer Connelly) and others, but then the clouds start to gather and the long, arduous voyage ahead demands complete faith. Drawing on the awe of earlier Biblical epics but adding modern special effects as well as his own brand of anguish, Aronofsky shows how a filmmaker can go big without sacrificing his personality.
The Big Chill (Criterion): A staple of Eighties nostalgia, Lawrence Kasdan's 1983 ensemble comedy-drama is getting a solid Criterion re-release. Set over the course of a weekend, the story follows a group of estranged friends who are reunited by the death of a colleague. Among them are Harold (Kevin Kline) and his wife Sarah (Glenn Close), their friend Meg (Mary Kay Place), TV star Sam (Tom Berenger), dissatisfied housewife Karen (JoBeth Williams), sarcastic reporter Michael (Jeff Goldblum), troubled war vet Nick (William Hurt), and the departed's young girlfriend Chloe (Meg Tilly). Dreams and passions are rekindled during their stay, as the characters come face to face with the gulf between their idealistic hopes and their actual selves. Buoyed by excellent performances and a soundtrack of killer oldies, Kasdan's film struck a nerve with many a Baby Boomer audience.
Phantom of the Paradise (Shout! Factory): In the Seventies, director Brian De Palma was on a row of gleefully imaginative thrillers that mixed horror with comedy. Arguably the wildest of them all was this 1974 cult favorite, which reimagines the old Phantom of the Opera as a blend of Faustian deals and glam-rock gaudiness. William Finley stars as Winslow, a struggling songwriter who falls in love with a young singer (Jessica Harper) while trying to get the attention of music mogul Swan (Paul Williams). Robbed, framed and disfigured, Winslow becomes The Phantom, the mysterious figure haunting the nightclub known as "The Paradise" in search of revenge and lost love. Featuring De Palma's inimitably baroque camerawork and wicked sense of humor, the movie is a dark and exhilarating ride through a macabre artist's mind.
September 19 - 20, 2014
The First Global Leasing Industry Competitiveness Forum
For More Information: firstname.lastname@example.org
Qualified leasing professionals from outside of China will not be charged any registration fees. They are, however, expected to pay for all their travel expenses including accommodations and meals at the venue.
From the Chinese side, the speakers will include prominent leasing company executives and supportive governmental representatives; from the international side, the speakers will be drawn from senior executives from leading leasing companies and others who have played a vital role in leasing's international growth.
• Sudhir P. Amembal, Chairman & CEO, Amembal & Associates, U.S.A.
• Crit DeMent, Chairman & CEO, LEAF Commercial Capital, Inc., U.S.A.
• Esteban Gaviria, CEO, Leasing Bancolombia, Colombia
• Shawn D. Halladay, Global Leasing Expert, Amembal & Associates and The Alta Group, U.S.A.
• Hugh Lander, Chief Executive Officer, BOQ Finance (BOQF), Australia
• Bob Rinaldi, Chairman-Elect, ELFA, U.S.A.
• Arnaldo Rodriguez, President, CSI International, Spain
• Jukka Salonen, Chairman, Leaseurope, Finland
• Fred Sasser, Chairman, Chicago Freight Car Leasing, U.S.A.
• Judy Tan, Managing Director, Caterpillar (China) Financial Services, China
• Wang Chong，Chairman,CDB(China Development Bank) Leasing，China
• Kong Linshan, Chairman, Minsheng financial leasing co., LTD, China
• Kong Fanxing, Chairman, International Far Eastern Leasing, China
• Cong Lin, President, ICBC Leasing, China
November 5-7 34th Annual AGLF Fall Conference
Loews Ventana Canyon
November 6 - 8 2014 Western Regional Meeting
Hyatt Regency Irvine
The 2014 Middle East Leasing Summit to be held November 11-13 at the JW Marriott Marquis Hotel Dubai is reported to be strongly supported by leading leasing companies and international leasing association.
This summit will gather regional government officials, vendor representatives, national organizations and industry leaders to interpret the air finance from the aspect of market situation, regulatory, growth point and second hand aircraft to better understand Middle East air finance market.
The conference promises "Deep insight into Middle East leasing market climate with introduction of Islamic Finance’s application and banks’ involvement. There is no doubt that this summit will provide a premier platform for its delegates to establish strategic cooperative partnerships, expand business. We firmly believe that your outstanding industrial background and broad knowledge would contribute significantly to the quality and scope of this
November 12 - 14 Commercial Finance Association
70th Annual Convention
Washington Marriott Wardman Park
November 16 -17 NJ Expo Regional
Teaneck, New Jersey
(Sunday evening- All Day Monday)
November 18 - 21, 2014
The Third Annual Operating Lease Conference
"Three prominent and qualified speakers have been added to the agenda.
They are: Stephan van Beek, Senior Director Sales & Marketing Development - EMEA, Oracle Financing, an expert on software leasing; Arnaldo Rodriguez, President – International Division, CSI Leasing, who is the epitome of having successfully globalized the product; and, Esteban Gaviria, CEO, Leasing Bancolombia, who leads the most successful bank-held operating leasing company in Latin America. I will chair the conference and also teach a two-day seminar preceding the conference."
1588 – This event is mentioned as history may have been quite different for the founding of the United States. The Spanish Armada, a fleet of 130 huge ships, met defeat at the hands of English sailors and their smaller, more maneuverable vessels. Then a series of wicked Atlantic storms off the coast of Southern England took their toll. Only half of the 130 Spanish ships managed to limp ... at best ... home. The 60 or so English ships, plus the weather, saved England from the Spanish invaders.
1776 - John Paul Jones was commissioned as a captain and appointed to command the Alfred. His orders were to harass enemy merchant ships and defend the American coast.
1786 - The US Congress adopted the silver dollar and decimal system of money.
1794 – Joseph Whidbey and George Vancouver lead an expedition to search for the Northwest Passage near Juneau, AK.
1814 - Esther Hobart McQuigg Morris was born at Tioga County, NY. She moved to Wyoming Territory, where she worked in the women’s rights movement and had a key role in getting a women’s suffrage bill passed. Morris became justice of the peace of South Pass City, WY in 1870, one of the first times a woman held public office in the US. She represented Wyoming at the national suffrage convention in 1879. She died April 2, 1902, at Cheyenne, WY.
1844 - The Quorum of the Twelve Apostles, headed by Brigham Young, is reaffirmed as the leading body of The Church of Jesus Christ of Latter-day saints (LDS Church).
1854 - Smith and Wesson patented metal bullet cartridges.
1863 - Following his defeat in the Battle of Gettysburg, General Robert E. Lee sends a letter of resignation to Confederate President Jefferson Davis (which is refused upon receipt).
1863 - Tennessee's "military" Governor Andrew Johnson frees his personal slaves. During the early 20th century, the day was celebrated by blacks in Tennessee as a holiday.
1866 - Birthday of Mathew Henson, famous African-American explorer, born at Charles County, MD. He met Robert E. Peary while working in a Washington, DC, store in 1888 and was hired to be Peary’s valet. He accompanied Peary on his seven subsequent Arctic expeditions. During the successful 1908—09 expedition to the North Pole, Henson and two of the four Eskimo guides reached their destination on Apr 6, 1909. Peary arrived minutes later and verified the location. Henson’s account of the expedition, “A Negro Explorer at the North Pole”, was published in 1912. In addition to the Congressional medal awarded all members of the North Pole expedition, Henson received the Gold Medal of the Geographical Society of Chicago and, at 81, was made an honorary member of the Explorers Club at New York, NY. Died Mar 9, 1955 at New York, NY. http://www.matthewhenson.com/ http://www.arcticice.org/henson.htm
1866 - The first queen to visit the United Sates was Queen Emma, widow of King Kamehameha IV of the Sandwich Islands (later to be re-named Hawaii), who arrived in New York City from England on the Cunard liner ‘Java’. She was received on August 14, 1866 by President Andrew Johnson and she was introduced to his family. American business had already started to invest in the islands, bringing coffee, potatoes, hybrid sugarcane, horses and cattle.
1870 - Magic (US) defeats Cambria (England) in 2nd running of America's Cup
1876 - Thomas Alva Edison of Menlo Park, NJ, obtained a patent for a “method of preparing autographic stencils for printing”. He went on to improve the “mimeograph,” that until the advent of the photocopier, was the most widespread method of paper communication and duplication.
1878 - The temperature at Denver, CO, soars to an all-time record high of 105 degrees.
1879 – Birthday of Robert Holbrook ‘Dr. Bob’ Smith, founder of Alcoholics Anonymous, in St. Johnsbury, VT. He began drinking in college and continued to become progressively worse after graduation from medical school and during his practice. Upon meeting AA co-founder Bill Wilson, who saved him from another relapse, Smith finally stooped for good on June 10, 1935, the day recognized as the founding of AA.
1885 - More than 1.5 million people attend the funeral of Ulysses S. Grant in New York City.
1896 - Birthday of Marjorie Kinnan Rawlings, American short story writer and novelist, “The Yearling”, born at Washington, DC. Rawlings died at St. Augustine, FL, December 14, 1953. http://memory.loc.gov/ammem/today/aug08.html.
1899 - Birthday of Russell Markert, American choreographer, at Jersey City, NJ. He founded and directed the Radio City Music Hall Rockettes from 1932 to 1971. He died December 1, 1990, at Waterbury, CT.
1899 - A.T. Marshall of Brockton, MA patented the refrigerator. It was not practical in cost for many households and “ice” refrigerators were common
until perhaps World War II.
1900 – First Davis Cup, named after Dwight Filley Davis, began at Longwood Cricket Club in MA, was won by US 2 days later.
1900 - Birthday of bandleader Lucky Millinder, Anniston, AL.
1901 – Birthday of Ernest Lawrence, US physicist, Nobel laureate, in Canton, SD. His Nobel work was for the invention of the cyclotron. He is also known for his work on uranium-isotope separation for the Manhattan Project, and for founding the Lawrence Berkeley and Lawrence Livermore Laboratories, renamed by the Regents of the University of California after his death. Chemical element number 103 was named lawrencium in his honor after its discovery at Berkeley in 1961.
1903 - In the 11th inning, an old black ball is put into play against Cleveland. Tigers' Nap Lajoie protests are ignored, he hurls ball out of park and forfeits the game.
1908 – Birthday of Arthur Goldberg in Chicago. 6th US Ambassador to the UN (President Johnson), he also served as the Secretary of Labor (President Kennedy) and Supreme Court Justice (President Kennedy).
1910 – Birthday of actress Sylvia Sydney, born Sophia Kosow in The Bronx. During the Depression, Sidney appeared in a string of films, often playing the girlfriend or the sister of a gangster opposite many of Hollywood’s leading men. Died July 1, 1999 in New York City of esophageal cancer.
1911 - Membership in the U.S. House of Representatives was established at 435. Every 211,877 residents of the U.S. were to be represented by one member of Congress.
1918 – Birthday of alto Sax player Benny Carter. (Died July 12, 2003) http://www.bennycarter.com/ http://newarkwww.rutgers.edu/ijs/bc/ http://www.riverwalk.org/profiles/carter.htm
1918 - Two days after the Battle of Marne ended, the British Fourth Army mounted an offensive at Amiens with the objective of freeing the Amliens-Paris railways from bombardment by the German Second and Eighteenth Armies. More than 16,000 German prisoners were taken in two hours of fighting the first day. The German forces were forced back to the Hindenburg’s line by September 3. This battle is considered a turning point by many historians because of its impact on the psyche of Germany. August 8 was described by General Erich Ludendorff as a “Black Day” for Germany.
1918 - 6 US soldiers are surrounded by Germans in France. Sgt. Alvin York is given command, shoots 20 Germans and captures 132 more.
1920 – Detroit Tigers beat New York Yankees, 1-0, in shortest AL game, 73 minutes…no TV timeouts!
1921 - Birthday of American composer Roger Nixon, Tulare, CA.
1921 – Birthday of actress and champion swimmer Esther Williams in Inglewood, CA.
1922 - Louis Armstrong, 22 years old, leaves for the Windy City. His autobiography is fascinating to read about his version of the beginnings of jazz. He perhaps is not only the best known jazz musician, but considered even today to have been quite ahead of his time. On old records, it is easy to pick him out playing the trumpet. He had tone, melody and rhythm that still wants you to sing, dance, or tap your foot.
1922 – Birthday of actor Rory Calhoun, born Francis Timothy McCown in Los Angeles.
1922 – Birthday of designer Rudy Gernreich, of Monokini fame.
1923 - Birthday of singer Jimmy Witherspoon, Gurdon, AR.
1923 - Benny Goodman was 14 years old as he began his professional career as a clarinet player. He took a job in a band on a Chicago-based excursion boat on Lake Michigan.
1926 - Birthday of trombonist Urbie Green, Mobile, AL.
1929 - The airship Graf Zeppelin began its world tour today from Lakehurst, NJ. The total trip flying time took 12 days and 11 minutes and covered 19,500 miles. The overall elapsed time due to stops and refueling was 19 days. In a tragic coincidence, it was at Lakehurst in 1937 where the Hindenburg burst into flames, effectively ending airship travel completely.
1932 - Birthday of singer/songwriter Mel Tillis, Pahokee, FL. Tillis was the Country Music Association Entertainer of the Year. Equally talented as a singer and as a songwriter, Tillis began his hit-making career in 1958 with "The Violet and the Rose." His top-ten singles have included "Who's Julie," "The Arms of a Fool" and "Memory Maker." Tillis has a speech impediment, but has made his stuttering a part of his act.
1933 - Louisiana Governor O.K. Allen pardons Huddie William Ledbetter, better known as the folksinger “Leadbelly.” He got the name while in prison in Texas for being very strong. He was a very big man with an explosive temper, and was in for murder. He was pardoned by Texas Governor Pat Neff from a thirty year sentence, something that was unheard of in Texas and from the very conservative Neff, but it is said, he sang a song of why he should be released that so affected the warden, and then Neff, that they released him. Leadbelly was one of my father’s favorite folksingers, that he played all the time, and my first memories of my father are listening to this music in the forties. I remember sitting on his knee, perhaps the earliest recollection of my father, whom I miss more and more as each year goes by. http://www.nashvillesongwritersfoundation.com/fame/ledbet.html http://www.blueflamecafe.com/index.html http://www.mala.bc.ca/~mcneil/cit/citlcleadbelly.htm
1933 - The first savings and loan association established by the federal government was the First Federal Savings and Loan Association of Miami, Florida. The creation of savings and loan institutions had been authorized by the Home Owners Loan Act of June 13, 1933 to provide a convenient place for the investment of small and large sums and to lend money to local applicants for first mortgages.
1935 – Television show creator Donald Bellisario’s birthday in Washington, PA. Among his successes: “JAG”, “Magnum, P.I.”, “NCIS”.
1936 – Former Major Leaguer Frank “Hondo” Howard’s birthday. Played most of his career for the LA Dodgers, Washington Senators and Texas Rangers and was National League Rookie of the Year in 1960. At 6’8”, 275 Howard is among the biggest baseball players in history. At his retirement, he held many records of the Senators/Rangers and his is among several statues outside Nationals Park in DC.
1937 – Actor Dustin Hoffman was born in Los Angeles. His breakthrough was in a 1967 film role as Benjamin Braddock, the title character in “The Graduate”. His most notable films include “Midnight Cowboy”, “Little Big Man”, “Straw Dogs”, “Papillon”, “Lenny”, “Marathon Man”, “All the President’s Men”, “Kramer vs. Kramer”, “Tootsie”, “Rain Man”, “Hook”, and “Wag the Dog”. Hoffman has been nominated for seven Oscars, winning two (for “Kramer vs. Kramer” and “Rain Man”), thirteen Golden Globes, winning six (including an honorary one) and has won an Emmy Award. Hoffman received the AFI Life Achievement Award in 1999, and the Kennedy Center Honors in 2012.
1938 – Actress-singer Connie Stevens’ birthday, born Concetta Rosalie Ann Ingoglia in Brooklyn. She played Cricket Blake in the popular television detective series “Hawaiian Eye” (1959-63), a role that made her famous and led to roles in several minor films. She also appeared on the series, “77 Sunset Strip” which led to the hit novelty song "Kookie, Kookie, Lend Me Your Comb" (1959), a duet with one of the stars of the program, Edd “Kookie” Byrnes, that reached #4 on the Billboard Hot 100. Her biggest hit as a solo artist was “Sixteen Reasons” (1960) that reached #3 on the Billboard Hot 100.
1941 - Les Brown and His Band of Renown paid tribute to baseball’s ‘Yankee Clipper’, Joe DiMaggio of the New York Yankees, with the recording of "Joltin’ Joe DiMaggio" on Okeh Records. From that time on, DiMaggio adopted the nickname, Joltin’ Joe. http://www.youtube.com/watch?v=1q6odQuCxFU
1942 - The invasion of Guadalcanal continues as the remainder of the first wave of American troops come ashore. Advancing rapidly inland, they capture the Japanese airstrip intact, renaming it Henderson Field. The missions on Tulagi and Gavutu are completed and the islands captured. Due to Japanese air and submarine attacks, Admiral Fletcher decides to withdraw his carriers, leaving the cruisers and transports near the island. This action is probably a mistake.
1942 - US President Roosevelt and British Prime Minister Churchill approve the appointment of American General Eisenhower to command Operation Torch, the proposed Allied invasion of North Africa.
1942- During World War II, six German saboteurs who secretly entered the United States on a mission to attack its civil infrastructure are executed by the United States for spying. Two other saboteurs disclosed the plot to the FBI and aided U.S. authorities in their manhunt for their collaborators, were imprisoned. The Nazis hoped that sabotage teams would be able to slip into America at the rate of one or two every six weeks. The quick capture ended their plans.
1943 - Following the American break out from Normandy in July, 1944, the Germans decided that the only way to stop the Allied advance and push them back to the sea was to launch a massive attack in the Avranches region, about 150 miles west of Paris. To do this, they moved tanks and men of the XLVII Panzer Corps into place and opened their operation on August 7th. Their main thrust, led by the 2nd SS Panzer Division, was to cut the American line between Normandy and Brittany, forcing the two groups to fall back on different beach areas, possibly compelling at least one group to withdraw. But almost immediately, the Germans were blocked by determined resistance. On Hill 317, near the village of Mortain, their advance was stopped by 700 men of North Carolina’s 2nd Battalion, 120th Infantry, 30th Infantry Division (which also included Guard units from SC and TN). Firing at almost point-blank range, their one anti-tank gun and numerous anti-tank rockets (fired from ‘bazooka’s’), the Guardsmen destroyed 40 vehicles including several heavy battle tanks. The Germans bypassed the hill leaving it surrounded. They launched repeated assaults to capture it but these were beaten back with artillery support from the Guard’s 35th Infantry Division (KS, MO, NE) and RAF air strikes on the German positions. After five days of being cut off and with the loss of nearly 300 men, the 2nd Battalion was rescued by elements of the 35th Division. For its determined and stubborn resistance in blocking the enemy advance, the 2d Battalion and 120th Infantry were awarded the Presidential Unit Citation.
1944 – Smokey Bear created, named after New York City fireman Smokey Joe Martin, who suffered burns and blindness during a bold 1922 rescue. An advertising campaign featuring Smokey was created in 1944. The campaign was expanded with a new slogan, "Remember... Only YOU Can Prevent Forest Fires", created in 1947 by The Ad Council. According to the Ad Council, Smokey Bear and his message are recognized by 95% of adults and 77% of children.
1945 – President Harry Truman signs the UN charter.
1946 - First flight of the Convair B-36, the world's first mass-produced nuclear weapon delivery vehicle.
1951 - Birthday of Randy Shilts, journalist known for his reporting on the AIDS epidemic. One of the first openly homosexual journalists to work for a mainstream newspaper and the author of “And the Band Played On: Politics, People and the AIDS Epidemic”. Born at Davenport, IA, and died at Guerneville, CA, Feb 17, 1994.
1951 - Top Hits
“Too Young” - Nat King Cole
“Mister and Mississippi” - Patti Page
“Because of You” - Tony Bennett
“I Wanna Play House with You” - Eddy Arnold
1952 – Howard Stern’s sidekick, Robin Quivers’ birthday.
1953 – “Happy Days” co-star Donnie Most, who played Richie’s friend Ralph Malph was born.
1953 - Les Paul and Mary Ford's "Vaya Con Dios (May God Be With You)" hits #1
1958 – Television journalist Deborah Norville’s birthday. News anchor, “Today Show” successor to Jane Pauley, “Inside Edition”.
1959 - Top Hits
“Lonely Boy” - Paul Anka
“A Big Hunk o’ Love” - Elvis Presley
“My Heart is an Open Book” - Carl Dobkins, Jr.
“Waterloo” - Stonewall Jackson
1960 - 16 year old Bryan Hyland's novelty tune, "Itsy Bitsy, Teenie Weenie, Yellow Polka Dot Bikini" topped the Billboard Hot 100 and the Cash Box Best Sellers list. Songwriter Paul Vance said he got the inspiration for the song when he saw his two year old daughter at the beach in a tiny little swimsuit.
1960 - British Decca destroyed 25,000 copies of Ray Peterson's death-rock song, "Tell Laura I Love Her." The company refused to release a song which it said was "too tasteless and vulgar for the English sensibility." A rival firm, however, had no such compunction, recording a cover version by a singer named Ricky Valance, which went to number one on the British chart. In the US, Ray Peterson's recording of "Tell Laura I Love Her" reached number seven on the Billboard pop chart.
1961 - Hamilton Tigercats of the Canadian Football League beat Buffalo Bills of the NFL 38-21 in Hamilton, Ontario.
1961 - Britain's Lonnie Donegan has his biggest hit in the US when the novelty tune "Does You're Chewing Gum Lose Its Flavour on the Bedpost Overnight" reaches number 5.
1962 - A polio scare brought a decree from health authorities to do a mass immunization of all residents. According to a spokesperson from the Medical Society, “The Sabin vaccine gives immunity to polio, whereas the Salk vaccine prevents paralytic polio.” They decided that the Sabin vaccine was the best, since it is given orally, not like the Salk vaccine which has to be injected.
1964 - "House of the Rising Sun" by The Animals is released in America. Although the band would put 14 songs in the Top 40, this will be their only US number one.
1967 - Top Hits
“Light My Fire” - The Doors
“All You Need is Love” - The Beatles
“A Whiter Shade of Pale” - Procol Harum
“I’ll Never Find Another You” - Sonny James
1968 - Race riot in Miami Florida.
1969 - Photographer Iain MacMillan shoots the cover for what would be the Beatles' last recorded album, Abbey Road, just outside the studios of the same name where the band recorded most of its classic songs. The photo, which merely shows the band crossing the street while walking away from the studio, has become iconic in its own right, and provides "Paul Is Dead" enthusiasts with several erroneous "clues" to his "death," including the fact that Paul is barefoot. (Supposedly this represents a corpse, but McCartney has stated that it was simply a hot day.) The shoot, which lasts ten minutes, produces six shots, from which Paul picks the cover.
1970 - New York Yankees honor Casey Stengel, retiring his number 37, a mere ten years after they fired him for losing the 1960 World Series to the Pittsburgh Pirates.
1970 – Credence Clearwater Revival's "Looking Out My Back Door" is released.
1970 - Janis Joplin bought a tombstone for blues singer Bessie Smith's unmarked grave in a Philadelphia cemetery. Less than two months later, Joplin herself was dead of a drug overdose. Smith had died following an auto accident in 1942 at the age of 37.
1970 - Blood, Sweat & Tears' Blood Sweat & Tears 3 LP hits #1
1970 - Canadian immigration officials turn back thousands of American fans on their way to the Strawberry Fields Rock Festival in Mosport, Ontario, on the grounds that they "failed to produce adequate monies to support themselves." 8,000 Americans made it there.
1973 - Vice-President Spiro T Agnew brands them "damned lies" regarding reports he took kickbacks from government contracts in Maryland. He vowed not to resign; that he was innocent. On October 10, 1973, Agnew was allowed to plead no contest to a single charge that he had failed to report $29,500 of income received in 1967, with the condition that he resign the office of Vice President.
1974 - President Richard Nixon announced in a televised address that he would resign at noon the next day. Three days earlier he had released tape transcripts revealing he had impeded the Watergate investigation. Nixon told an audience he had made some wrong decisions, but that he was resigning because he no longer had enough support in Congress.
1974 - Eric Clapton receives a gold record for "461 Ocean Boulevard." It's his comeback album and contains his Number One version of "I Shot the Sheriff." The album reaches the top of the charts.
1974 - Roberta Flack received a gold record for the single, "Feel Like Makin’ Love". Flack, born in Asheville, NC and raised in Arlington, VA, was awarded a music scholarship to Howard University in Washington, DC -- at the age of 15. One of her classmates became a singing partner on several hit songs. Donny Hathaway joined Flack on "You’ve Got a Friend", "Where is the Love" and "The Closer I Get to You". She had 10 hits on the pop charts in the 1970s and 1980s.
1975 - Top Hits
“One of These Nights” - Eagles
“Jive Talkin’” - Bee Gees
“Please Mr. Please” - Olivia Newton-John
“Just Get Up and Close the Door” - Johnny Rodriguez
1975 –Hank Williams, Jr. falls 500 feet down Ajax Mountain near Missoula, MT, exposing part of his brain and keeping him in and out of hospitals for the next two years. The resultant facial scars would inspire his trademark "hat, beard, and shades" look. When he returned to performing months later, he had switched to a country-rock sound from the pure country style made famous by his father.
1976 - In Philadelphia, ten thousand legionnaires who attended a convention at the Bellevue Stratford Hotel downtown were in a panic after the outbreak of a mystery disease among their ranks. Twenty-four persons died and 87 are ill. Doctors are completely baffled as to what virus or fungus could have caused this illness. Meanwhile, street names for the mystery diagnosis have arisen. It is dubbed Legionnaire’s disease, Philadelphia fever, or Veteran’s Virus.
1976 - The Chicago White Sox made baseball sartorial history by donning shorts for a game against the Kansas City Royals. The Sox won, 5-2, but the shorts, a novelty thought up by owner Bill Veeck, lasted only a while.
1981 – Tennis star Roger Federer born in Wollerau, Switzerland. Ranked number one in the World in March 2010, many consider him the greatest tennis player of all time.
1981 - Shiaway St. Pat, driven by Ray Remmen, won the Hambletonian, the most important race for three-year-old trotters, contested for the first time at the Meadowlands in New Jersey.
1983 - Top Hits
“Every Breath You Take” - The Police
“Sweet Dreams (Are Made of This)” - Eurythmics
“She Works Hard for the Money” - Donna Summer
“Your Love’s on the Line” - Earl Thomas Conley
1984 - Carl Lewis won his third gold medal at the Los Angeles Olympics. He won the 200-meter sprint. At the same time, Greg Louganis received his first gold medal in diving in the springboard competition.
1986 - Singer David Crosby, sentenced to a five-year term for drug and weapons charges, was paroled from a prison in Huntsville, Texas after serving only five months. The convictions were overturned by a Texas appeals court in November 1987. Crosby said when he was released that he had kicked a ten-year drug habit and wanted to resume his musical career. He gained fame with the Byrds in the late 1960's, then teamed with Stephen Stills, Graham Nash, and Neil Young.
1987 - Less than three months after they go to No. 1 on Billboard's Hot 100 for the first time with "With or Without You," U2 return to the top of the chart with "I Still Haven't Found What I'm Looking For," the second single from "The Joshua Tree." (A birthday present for the Edge.)
1988 - The first night game of Chicago’s Wrigley Field was postponed by rain with the Cubs leading the Philadelphia Phillies 3-1, in the bottom of the fourth inning. The Phillies’ Phil Bradley led off the game with a home run, but in a postponed game, all statistics are washed out.
1990 - Iraq annexes Kuwait. The US has been sending troops to Saudi Arabia and moving the US Navy into the Mediterranean Sea.
1990 – Baseball’s all-time hits leader, Pete Rose, began his five-month prison term for income tax evasion.
1991 - Top Hits
“(Everything I Do) I Do It for You” - Bryan Adams
“P.A.S.S.I.O.N.” - Rythm Syndicate
“Summertime” - D.J. Jazzy Jeff & The Fresh Prince
“She’s in Love with the Boy” - Trisha Yearwood
1992 - The Dream Team, a specially-assembled team of NBA all-stars, defeated Croatia, 117-85, to win the gold medal at the 1992 Summer Olympics in Barcelona. The Dream Team, coached by Chuck Daly, including Charles Barkley, Larry Bird, Clyde Drexler, Patrick Ewing, Magic Johnson, Michael Jordan, Christian Laettner, Karl Malone, Chris Mullin, Scottie Pippen, David Robinson and John Stockton.
1994 - Janet Jackson tied Aretha Franklin for the most gold singles by a female artist - 14 - when "Any Time, Any Place" was certified as having sold more than 500,000 copies.
1995 - The Canadian stage production of Disney's "Beauty and the Beast" opened at the Princess of Wales Theatre in Toronto. At $17 million, it was the most expensive stage production in Canadian history.
1997 – Mariners’ Randy Johnson strikes out 19 White Sox.
1998 - The largest free jazz festival in the world, San Jose, California, draws 200,000 to hear Sandoval, Broadbent, Schuur, among many others.
2000 - Confederate submarine “H.L. Hunley” is raised to the surface after 136 years on the ocean floor and 30 years after its discovery by undersea explorer E. Lee Spence.
2000 - In the bottom of the ninth, A's closer Jason Isringhausen throws just two pitches, and the Yankees go from losing 3-2 to winning 4-3. Bernie Williams and David Justice both hit home runs on the first pitch they see from the Oakland reliever.
2007 - An EF2 tornado touches down in Kings County (Brooklyn) and Richmond County (Staten Island), the most powerful tornado in New York City to date and the first in Brooklyn since 1889.
2011 - Standard & Poor's rating agency downgrades U.S. sovereign debt; the downgrade is the first in the history of the United States.
2013 - The Pentagon will furlough 650,000 civilian employees without pay for six days this year after receiving warnings that mandatory budget cuts might idle defense workers for a longer period of time.
2013 - President Barack Obama announces plans to pull out of a one-on-one meeting with Russian President Vladimir Putin next month; the meeting was set to occur before the September G-20 meeting in St. Petersburg, Russia.