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

kitmenkin@leasingnews.org
   


channel partners capital top20

Channel Partners Capital was formed in 2009 by a group of leasing professionals to work exclusively in the equipment finance market helping brokers/lessors gain access to working capital solutions for their customers. As a direct lender we provide small business loans that range in size from $10,000 to $250,000.

Inc. Magazine 500/5000 fastest growing private companies for 4 consecutive years
100 Best Companies to Work for in Minnesota by Minnesota Business Magazine

channel partners capital
channel partners capital
channel partners capital
channel partners capital top20

BE A PART OF OUR GROWING TEAM

National Sales Representative
This position will be responsible for volume growth through existing and new third party relationships (TPRs). The NSR is the primary contact with TPRs actively managing customer contact, expectations, new product/program development and the sales pipeline. Nationwide scope with travel required from 25-50% of time.
More

Inside Sales Representative
This position is responsible for volume growth through existing and new third party relationships (TPRs). The ISR, supports assigned TPRs actively managing customer contact, expectations, new product/program development and the sales pipeline.
More

Please email cover letter and resume to: careers@channelpartnersllc.com

channel partners capital
channel partners capital top20 channel partners capital


Monday, August 1, 2016


Today's Equipment Leasing Headlines

Position Wanted – Credit
Work Remotely or Relocate for Right Opportunity
 Top Stories: July 25 - July 29
(Opened Most by Readers)
National Funding Deploys $1.5 Billion,
Beefs up Automated Underwriting
Introducing Jeff Hilzinger, President and CEO/His Plans
Marlin Business Services Earnings Conference Call
Teamwork Experience
Career Crossroad---By Emily Fitzpatrick/RII
Leasing Industry Ads---Help Wanted
Opportunities
Inspection/Inquiries
Leasing 102 by Mr. Terry Winders, CLFP
Third Circuit Upholds Class Acton Against Bank which
Processed Fraudulent ACH Payments
  By Tom McCurnin, Leasing News Legal Editor
A Turnaround from the Previous Months Trends
 NACM's Credit Manager Index
Akbash (Turkish Shepherd)
San Diego, California  Adopt-a-Dog
Online Equipment Auction List
Current and Future Auctions
News Briefs---
Is Fintech Changing Banking Supervision?
Federal Reserve Bank of San Francisco
Funding by crowd is off to slow start
Fewer than 50 small businesses have been listed on websites
Microsoft says it’s planning to lay off 2,850
     by end of fiscal year
Farmers that Market Directly to their Customers
  Create More Jobs Locally
7,300 Insurance Jobs Gained in June
 84 percent increase in job growth from May

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

You May have Missed---
   SparkPeople--Live Healthier and Longer
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    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"
          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
                 Traffic Live----

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

 



[headlines]

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

Position Wanted – Credit
Work Remotely or Relocate for Right Opportunity

 


Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.

 


[headlines]
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Top Stories: July 25 - July 29
(Opened Most by Readers)

(1) Too Many Complaints about Leasing Companies
         Time to Face Reality
by Christopher “Kit” Menkin, Publisher
http://leasingnews.org/archives/Jul2016/07_25.htm#too

(2) Interim Rent: Proper Accounting Function for
          Short Term Advances - Or Is It a Scam?
By Tom McCurnin, Leasing News Legal News Editor
http://leasingnews.org/archives/Jul2016/07_27.htm#interim

(3) Monthly Leasing Business Up 47% June from May
Companies Report Robust June!!! Please Read Their Comments
http://leasingnews.org/archives/Jul2016/07_27.htm#monthly

(4) Archives: July 29, 2009
   IFC Credit $150 Million Bankruptcy
http://leasingnews.org/archives/Jul2016/07_29.htm#archives

(5)  New Hires---Promotions in the Leasing Business
         and Related Industries
http://leasingnews.org/archives/Jul2016/07_29.htm#hires

(6) Companies Who Utilize Evergreen Clauses
            for Extra Lease Payments
http://leasingnews.org/archives/Jul2016/07_25.htm#evergreenx

(7) Accountant Suspended Over Failure to Spot Fraud
 failed to detect fraudulent sales/identify related-party transactions
http://ww2.cfo.com/auditing/2016/07/accountant-suspended-failure-spot-fraud/

(8) June, 2016 --The List
"The Good, the Bad and the Ugly"
http://leasingnews.org/archives/Jul2016/07_29.htm#list_june

(9) Facts for Pricing
Leasing 102 by Mr. Terry Winders, CLFP
http://leasingnews.org/archives/Jul2016/07_25.htm#facts

(10) New Mission
         Cartoon
http://leasingnews.org/archives/Jul2016/07_27.htm#cartoon

 

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

 

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

National Funding Deploys $1.5 Billion,
Beefs up Automated Underwriting

By Srividya Kalyanaraman, debanked.com

California-based small business lender National Funding said that it has deployed $1.5 billion in capital, funding small businesses with short-term working capital loans.

The 17-year-old company funded $152 million in loans in the first quarter of 2016, up 45 percent from the same period last year. The company’s customers include general contractors, medical services and trucking companies that average about $1 million in sales annually.

While 80 percent of the loans are for working capital, the company has seen demand for equipment leasing slowly resurge after the financial crisis.


Dave Gilbert
Founder/CEO, National Funding

“After 2008, the market turned negative in LA and we had to shrink our company,” said CEO Dave Gilbert.

The company is also preparing for a technology overhaul, trying to get access to data pools to automate underwriting. “We need to be tech driven,” he said. “As deals get smaller, we need to automate them to make it affordable.”

National Funding generates 25 percent of its loan volume through brokers. “Given everything that’s happening in the industry, a lot of lenders will be forced to become balance sheet lenders,” he said.

The company hired Geoff Howard from Intuit to lead its technology efforts and aims to automate underwriting for 40 percent of its deals, doubling up from its present rate of 20 percent.

The average size of its loans is $50,000 and the company also plans to launch its first long-term loan product later this year.

 


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

Introducing Jeff Hilzinger, President and CEO/His Plans
Marlin Business Services Earnings Conference Call

Marlin Reports $4.5MM Net Income Second Quarter
Second Quarter Originations Up $121.5 MM, 30% YOY (11 pages)*


Jeff Hilzinger, New Marlin President/CEO

Highlights

"It is a privilege to speak to you today on my first earnings conference call as President and Chief Executive Officer of Marlin Business Services. At a high-level, Marlin is uniquely positioned in a large and highly fragmented market and I look forward to building on the fundamental strengths of our Company to take Marlin to the next level of growth and profitability. Our management team is energized, excited and working with a sense of urgency to capitalize on the significant opportunities we see as a provider of credit products and services to small and mid-sized businesses nationwide. With the recent changes in Marlin’s leadership, we’re taking a fresh look at how we operate and we’re looking to empower our employees to better serve our customers. I believe the actions we are taking today will help significantly expand our market share and drive profitable growth in the quarters and years ahead...

"I've been on the job for nearly two months and bring a fresh perspective to Marlin coupled with many years of relevant experience. I've spent my entire 35 year career in the commercial finance industry, including the last four years as President of EverBank Commercial Finance, a business that my team and I grew to a $4 billion diversified commercial finance platform. Before that, I co-founded US Express Leasing, a small ticket vendor finance startup that merged with Tygris Commercial Finance Group and ultimately merged with EverBank to form the basis of what is now EverBank Commercial Finance.

"Prior to this, I've spent more than 20 years at Heller Financial under a variety of leadership positions. In each of my roles, I developed a deep appreciation for the middle market and the importance that access to credit has on small and mid-sized business’s ability to grow. I look forward to working with the Marlin team, as we deepen our commitment to helping small and mid-sized businesses grow while also taking advantage of a dynamic and rapidly changing commercial finance marketplace.

"...if you take out transportation and franchise which have low approval rates today because they’re new in their markets and they’re being tested by market in terms of what Marlin's credit box is and Marlin is trying to figure out exactly what its credit box needs to be in those segments as well. So there is a lot of warning going on there. We had a 65% approval rate in the second quarter which is, that’s pretty good, I mean it's good for Marlin and relative to its historical approval rates and that's a good approval rate for really any kind of micro-ticket or small tickets, I mean outstanding approval rates which means you’re optimized all your flows and you are sort of the number one referral source would be in the low 70s, so actually we are at the mid-60s is I think is to me that we’re positioned well within our referral sources we are getting good looks and that we are not seeing any deterioration and sort of the credit quality is coming through the door at this point."

"I think that we need to be careful here that investment spending is not a project, for a business like this to grow it needs to constantly be investing back in the business in terms of automation, in terms of new platforms, in terms of expanding existing platforms. So that's going to, that has to continue. I think the question is how do we pay for it, so that when you net it all together, we have improving operating efficiency and improving ROE, while all that activity is going on and that's going to absolutely happen. We’re just in the process of working through exactly how that's going to look through this revisioning process."

"I think the Marlin’s sales force is doing a great job right now, and so that's on, it’s in my list to reevaluate and it'll probably happen as part of the business planning process that we’ll begin probably sometime in September, early October."

Marlin Business Services Earnings Conference Call (14 pages)
http://seekingalpha.com/article/3993240-marlin-business-services-mrln-ceo-jeff-hilzinger-q2-2016-results-earnings-call-transcript?page=1

* MARLIN form 8-k (11 Pages)
http://www.leasingnews.org/PDF/Marlin2ndQuarter2016.pdf

 

 

[headlines]
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Teamwork Experience
Career Crossroad---By Emily Fitzpatrick/RII

 

I have been in the interviewing process and have been asked twice about my teamwork experience [working in a team successfully].  How should I handle this line of questioning?

Almost every role, from entry level to management level, requires the ability to communicate and collaborate with others. Employers want to hire “team players,” so you will want to demonstrate your experience, your ability to work well with others and give at least two examples.

Teamwork questions:
1. Do you work well with others?
2. Do you work better independently or on a team?
3. Are you a team player?
4. How do you feel working in a team environment?
5. To motivate your team, what strategies do you utilize? (managerial role)

To prepare for this line of questioning, look back on your career and note when you worked as part of a team and be able to recite specific examples (if you are entry level, reference your volunteer work or extracurricular activities)

Let the interviewer know a bit about the team and what the goals were, e.g. the number of team members, your role, and involvement. Share team accomplishments or challenges that were faced and overcome

Examples :
“… In my last position, I was chosen as a member of a software implementation team.  We worked together to ensure the completion and transition for our clients. We always completed our projects ahead of schedule and had positive reviews from our customers ...”
 “… At my current position, I am part of a team that meets to brainstorm guest speakers. We work together to ensure a diverse mix of speakers, aiming to appeal to many employees. Due to the fact each member is from a different department, we have learned a lot from each other, from marketing to technology …” 
“… In school, I played soccer and was in the band. Each required team involvement, but learning to be a member of a group was invaluable …”
 Furthermore, look back on your formal job reviews (always keep your formal reviews from every employer).  Look for any that includes positive feedback regarding your success as a “teammate” or manager of a team, make sure to include this type of documentation in your follow-up correspondence.  However, just know that you most likely (90%) will be asked these kinds of questions, so PREPARE and be able to give tangible proof.



Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html



[headlines]
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Leasing Industry Help Wanted

channel partners capital top20

Channel Partners Capital was formed in 2009 by a group of leasing professionals to work exclusively in the equipment finance market helping brokers/lessors gain access to working capital solutions for their customers. As a direct lender we provide small business loans that range in size from $10,000 to $250,000.

Inc. Magazine 500/5000 fastest growing private companies for 4 consecutive years
100 Best Companies to Work for in Minnesota by Minnesota Business Magazine

channel partners capital
channel partners capital
channel partners capital
channel partners capital top20

BE A PART OF OUR GROWING TEAM

National Sales Representative
This position will be responsible for volume growth through existing and new third party relationships (TPRs). The NSR is the primary contact with TPRs actively managing customer contact, expectations, new product/program development and the sales pipeline. Nationwide scope with travel required from 25-50% of time.
More

Inside Sales Representative
This position is responsible for volume growth through existing and new third party relationships (TPRs). The ISR, supports assigned TPRs actively managing customer contact, expectations, new product/program development and the sales pipeline.
More

Please email cover letter and resume to: careers@channelpartnersllc.com

channel partners capital
channel partners capital top20 channel partners capital



Nationwide Sales Positions Available
  Medical, Commercial and Industrial
 Transportation, FF&E, Technology


Superior pricing - Superior Buying window
 - Superior back office - Superior stability

For more info click here

www.bankozarks.com/equipment

Bank of the Ozarks


Recognized as the top performing bank in the United States,
based on financial performance, five years in a row
(2011, 2012, 2013, 2014, and 2015).

 

 

[headlines]
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Inspection/Inquiries

I have written before about the need to inspect your leased equipment to protect your residuals and confirm location for tax status, however with the discussions on the table about rule changes, the need to establish your equipment inspection/inquiry program has become more important. To make a difference between disguised conditional sales contracts and true leases there appears to be a movement to establish requirements that put the responsibility on the Lessor to “prove” that they are acting like an equipment owner and not a money lender.

This is as important in Capital Leases and Equipment Finance Agreements or business loans where the collateral may have value in offsetting a loss.

If you are not in a position to make equipment inspections then at lease send an inquiry letter once a year requesting information on the location and condition of your equipment.

Inquiry letters need to be constructed so that the questions on equipment condition are tied to the equipment itself. Clearly all types of equipment are different and require different question and will have different answers. I know this is a lot of work because when the inquiry’s come back someone needs to review them and compare them to information supplied with the lease application. It only takes one problem to be solved early, due to this procedure, to pay for the exercise. Of course this assumes you obtained an equipment “use and description” form in the beginning

In larger leases, especially construction equipment, it is a good idea to require an annual inspection with a basic fee for this cost.

One of the most talked about problems I see in bankruptcy court has to do with the lackadaisical manner in which Lessor’s handle their knowledge about the equipment use. Another problem is the lack of change in rental requirements if there is a change in equipment use. Many lessee’s use our equipment differently than originally thought at the start of the lease. Some even alter the equipment by changing it and taking parts off or making physical adjustments.

Some allow others to use it or sublease it without our permission. I cannot tell you how often a Lessor is “surprised” when equipment is over used or abused by the lessee or sold or subleased.  Just because you do not take a residual does not excuse you from acting like an equipment owner. You need to get involved in protecting your portfolio.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

 

[headlines]
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Third Circuit Upholds Class Acton Against Bank which
Processed Fraudulent ACH Payments
By Tom McCurnin
Leasing News Legal Editor

Reyes v NetDeposit 802 F.3d 469 (2015)

Today’s case is about banks overseeing the operations of its subsidiary ACH processor and whether a bank can turn a blind eye to fraudulent ACH returns. The Third Circuit Court of Appeals reversed a trial court’s denial of class action certification, which now means the bank is now fully immersed in a class action for processing payments for a fraudster. The facts follow.

Reynaldo Reyes was contacted by a telemarketer working for NHS Systems who offered him a free government grant if he would provide bank account information to the fraudster which he did.

Telemarketers such as NHS Systems cannot readily obtain funds directly from bank accounts because most banks are reluctant to allow them to debit accounts directly, so the fraudsters contract with payment processing entities process ACH debits on its behalf. NHS contracted with Modern Payments, a third-party payment processor and subsidiary of Zions Bank.

Modern Payments debited Reyes’ account for $29.95 and another for $299.95. Both were fraudulent. Reyes initiated a class action lawsuit Modern Payments and also sued Zion’s bank for overseeing the process. Reyes sued under racketeering acts (RICO), and his claim was tossed out by the trial court, due mainly to the ruling that Reyes was required to prove actual fraud and discounting many of the banking experts’ testimony that suggested such knowledge. The trial court required actual, first hand, knowledge of the fraud by the Bank, and tossed the case out.

On appeal, the Third Circuit reversed, finding that the bank and its subsidiary might be involved in a racketeering scheme, and it ordered the matter back to the trial court for a further evidentiary hearing, in light of the enormous return rates incurred by the Bank and the plethora of banking experts which testified that the return rates and emails from the bank implied actual knowledge.

Reyes pointed out that the normal, average return rate (including insufficient funds or a customer complaint regarding the transaction) for ACH debits is about 1.25%. Modern Payments incurred a return rate of over 25-50%, resulting in a slurry of damning emails from the processor and bank calling the returns “staggering,” fearing “money laundering, and expressed fear of a FTC investigation. Yet, Zions and Modern Payment Systems continued processing the debits.

Another damning fact was the miscoding of the ACHs by NHS Systems, of which the processor Modern Payment Systems had direct knowledge.

NACHA a bank organization which oversees and governs ACH payments, requires that users code the ACH debit in one of three ways, WEB,” “TEL,” or “PPD” referring to web based transactions, telemarketing transactions, and pre-authorized transactions with a signed writing. Most of NHS Systems ACH debits were wrongly coded as PPD, and the evidence showed that the Bank may have knowledge of the miscoding but blamed the problem on its software.

Also dog-piling on Zions Bank was the Federal Trade Commission receiver, who was installed to take over the company after the Feds discovered the fraud, and who expressed damaging opinions concerning the Bank’s knowledge.

The Court of Appeals was sympathetic to Reyes, observing that class actions are the only check against this wide spread mass-marketing scheme. Class action permits the victims to economically pool claims which would otherwise not be raised. The Appellate Court did not find the Bank committed fraud, merely that the trial court did not consider all the evidence concerning the enormous return rates and the testimony of banking experts. Consequently, the Court of Appeals sent the case back to the trial court requiring the trial court to re-hear the evidence in light of the possible RICO violations.

Reyes won the chance to re-litigate the matter before the trial court, and the Bank lost its victory.

What are the lessons here for those entities which use ACH debits, process ACH debits, or oversee ACH debits?

• First, return rates are a big deal. Many banks have no returns whatsoever, so a 50% return rate should have altered the payment processor and the Bank within a few weeks. .

• Second, armed with the knowledge of extraordinarily high return rates, the Bank should not have been fretting over the situation with emails, it should have shut down NHS Systems. This scam went on for over a year before being shut down.

• Third, class action cases are usually summarily thrown out or settled. There are very few that progress to this stage. I wondered what the dollar values of the ACH debits were, and whether it might have made more sense for the Bank to throw some money at these guys to make the case go away. Having the word “fraud” next to your bank name is not terribly good publicity.

The bottom line to this case is about minding the store. When extraordinary, off the chart bad things are happening, don’t send emails—do something. If you don’t, a plaintiff’s lawyer will.

Reyes vs. Netdeposit (26 pages)
http://www.leasingnews.org/PDF/ReyesvNetdeposit2016.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

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

A Turnaround from the Previous Months Trends
NACM's Credit Manager Index

Mirroring the volatility in the economy, the July report of the Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM) saw some factors gain while others declined.


Chris Kuehl, Ph.D.
NACM Economist

“We saw job creation numbers crash to levels not seen since the recession in May and jump back to nearly record levels in June,” noted NACM Economist Chris Kuehl, Ph.D. “The latest durable goods numbers are down due to the reduction in export activity, but the housing sector is showing more strength than it has since before the downturn. Now we see some of that back and forth in the CMI data as well.”

The combined (manufacturing and service sectors) score regained some momentum in July and is now at 53.5 after having been down to 52.7 last month. Most of the extreme activity, however, is seen in the various subcategories. The combined index of favorable factors improved enough to get back into the 60 range where it has been three times in the past year. Its strength shows up in growth through all four of its categories, which are in the high 50s or low 60s. This is a trend that needs to continue if there is to be any progress in the economy overall.

The combined index of unfavorable factors showed more distress as this is the second-consecutive month with a sub-50 reading. Of the six subcategories, only two, rejections of credit applications and filings for bankruptcies, are above the line (50) that divides contraction from expansion.

Concerning credit applications, Kuehl commented, “the fact that applications are up but approvals are down indicates that there are more companies in trouble and hoping they find a supplier that will give them credit regardless. There are not that many gullible companies out there these days; and therefore, there are more rejections.”

As for the other four unfavorable categories, they are hovering below 50. Volatility is evident as shown in both the favorable and unfavorable indexes of all categories with the first trending upward and the other downward in each case.

For a full breakdown of the manufacturing and service sector data and graphics, view the complete July 2016 report at http://web.nacm.org/CMI/PDF/CMIcurrent.pdf. CMI archives may also be viewed on NACM’s website at http://www.nacm.org/cmi/cmi-archive.html.

ABOUT THE NATIONAL ASSOCIATION OF CREDIT MANAGEMENT
NACM, headquartered in Columbia, MD, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information, education, products and services designed to improve the management of business credit and accounts receivable. NACM’s collective voice has influenced federal legislative policy results concerning commercial business and trade credit to our nation’s policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. NACM's annual Credit Congress & Exposition conference is the largest gathering of credit professionals in the world.

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

Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167
www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

[headlines]
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Akbash (Turkish Shepherd)
San Diego, California  Adopt-a-Dog



Baxter
#217200
Male
3Yrs 6Mths 2Wks
97lbs
Adoption Fee: $95.00
https://en.wikipedia.org/wiki/Akbash_dog

"How I arrived: I was brought in by a my previous owner on July 15, 2016.

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

"Why I am the one for you: My Personality Color Code is Purple; meaning I'm Happy - Go - Lucky...Carefree...Engaging...Adaptive...and Cheerful! I am a handsome guy who is true to the Akbash breed. I would prefer a breed savvy home where I am the only pet, please. My owners say that I can be a bit destructive and quite the escape artist if I do not have big tall fences. Please make sure you understand my breed and my needs before deciding to take me home. Your adoption counselor can answer any and all questions you may have. Come meet me today and see if I'm the guy for you!"

Suitability Guide
Doesn't Like Dogs

I'm currently located at
San Diego Humane Society
San Diego Campus - Gaines Street
5500 Gaines St. San Diego, California 92110
(619) 299-7012
info@sdhumane.org

Adopt a Pet
http://www.adoptapet.com/

 

[headlines]
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Current and Future Auctions

Online Equipment Auction List

This is not a list of companies who hold auctions primarily, but those who conduct on line auctions.

asset-auctions.com Online Auctions – Monthly Sales, Weekly Heavy Equipment Auction Every Tuesday. And Bi-Weekly Auctions From The Tennessee Department Of General Services Every Other Tuesday. Now part of Ritchie Bros. EquipmentOne
auctioneerexpress.com Tractor, Mower, Dump Truck, Mower, Cutter, 13 Tire Roller
govocon.com Both live and virtual online auction format, light and heavy equipment for the construction and transportation industry
govliquidation.com Mostly trucks and related equipment
HeavyEQ.govdeals.com Heavy Equipment, Truck and Machinery Industry
Online Gov't Surplus Auctions - Over 1,000 Government Clients
inplaceauction.com Caters to lessors, lenders, and bankruptcy trustees, conducting both virtual and live auctions of all types of assets including:  Agricultural, Medical, Industrial, Transportation, Trucks, Construction, Real Estate, etc.  Appraisals - on site and desktop.
ironplanet.com Cranes, Trailers, Equipment Trucks
motleys.com Construction Equipment & Trucks
municibid.com Municibid is an online government auctions website designed specifically for the sale of surplus and forfeited/seized goods directly by the government publicsurplus.com
PentonEquipmentAuctions.com

Specializes in government surplus auctions. Browse by equipment or by specific government auctions.

salvex.com Salvaged equipment for both re-seller and end user.
tractorhouse.com Mostly farm equipment
usgovbid.com Government Online Auctions - Servicing Government Agencies for over a Decade

List of many auction sites for consumer and vehicle:
http://www.100auctionsites.com/

Online auction Top Ten Most Popular Sites
(Primarily for consumers or consumer merchandise)
http://online-auction-sites.toptenreviews.com/

Auction Zip
--primarily consumer
(find auctions anywhere)
http://www.auctionzip.com/

 


(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)

[headlines]
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News Briefs---

Is Fintech Changing Banking Supervision?
Federal Reserve Bank of San Francisco
http://www.frbsf.org/our-district/about/sf-fed-blog/fintech-changing-banking-supervision/

Funding by crowd is off to slow start
Fewer than 50 small businesses have been listed on websites
http://www.mercurynews.com/business/ci_30186472/funding-by-crowd-is-off-slow-start

Microsoft says it’s planning to lay off 2,850
     by end of fiscal year
http://www.seattletimes.com/business/microsoft/microsoft-says-its-planning-to-lay-off-2850-by-end-of-fiscal-year/

Farmers that Market Directly to their Customers
  Create More Jobs Locally
http://www.capitalpress.com/California/20160726/study-direct-marketers-create-more-jobs-in-their-own-regions

7,300 Insurance Jobs Gained in June
 84 percent increase in job growth from May
http://www.prweb.com/releases/2016/07/prweb13585361.htm

Nationwide Sales Positions Available
  Medical, Commercial and Industrial
 Transportation, FF&E, Technology


Superior pricing - Superior Buying window
 - Superior back office - Superior stability

For more info click here

www.bankozarks.com/equipment

Bank of the Ozarks


Recognized as the top performing bank in the United States,
based on financial performance, five years in a row
(2011, 2012, 2013, 2014, and 2015).

 


[headlines]

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--You May Have Missed It

15 Foods You Wouldn’t Expect
 To Have Dangerous Amounts of Sugar
http://www.nutritionsecrets.com/15-foods-you-wouldnt-expect-to-have-dangerous-amounts-of-sugar/


[headlines]
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SparkPeople--Live Healthier and Longer


All About Artificial Sweeteners
The Lowdown on Zero-Calorie Sugar Substitutes
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=289


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Baseball Poem

Here are three “choice” short poems from Tim Peeler, from his book
“Touching All the Bases.”   He has given us permission
to reproduce them.

              Budweiser!

Budweiser! he calls
between innings, between pitches,
between breaths

          An Asterisk as Big as a Ball

the ball talked to
three hundred thirty feet of air,
rising into the teeth
of the bat's echo,
crashing into right field bleachers
like any other Yankee missile —
an exiled hero
circled the Ruthian diamond
to footnote glory —
just down the first base line
 the magic bat lay,
 like a gun that had killed
 its owner.

          whiskey moon

frank says the full moon
 is for whiskey,
spits tobacco to punctuate
his short sentences,
hours sipping, replaying
his career in slow motion,
oiling the first baseman's mitt,
 then spreading it carefully
 to catch the milky light,
frank says it softens the leather,
I say it embalms the memory.

These come from a  soft cover 128 pages
with index published by www.mcfarlandpub.com
( they take two weeks to send, but you are helping
  this company stay alive, or you can buy from
 Amazon, for the same price, but perhaps faster
delivery.  While they are all mostly baseball,
some are not.  He is a unique American poet.
He lives in Hickory, North Carolina.


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Sports Briefs----


Jimmy Walker captures PGA Championship for first major title
http://www.usatoday.com/story/sports/golf/2016/07/31/jimmy-walker-pga-championship-first-major-title/87895102/

What We Learned From the First Days of NFL Training Camp
https://theringer.com/first-days-nfl-training-camp-bill-belichik-josh-doctson-a21759669b9c#.lmfui4er7


[headlines]
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California Nuts Briefs---

Vending Machine Bakes Fresh French Baguettes in San Francisco
http://sanfrancisco.cbslocal.com/2016/07/29/vending-machine-bakes-fresh-french-baguettes-san-francisco/

Celebrities who got married in the San Francisco Bay Area
http://www.sfgate.com/bayarea/article/Celebrities-who-got-married-in-the-San-Francisco-8519296.php


[headlines]
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“Gimme that Wine”

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

Hugging Margrit Mondavi
http://napavalleyregister.com/wine/columnists/pierce-carson/hugging-margrit-mondavi/article_39f76d82-72f5-5575-abd2-d814009da99a.html

Pennsylvania Wine Law Primer
https://www.vinology.com/new-wine-laws-plcb/

UC Davis Has Best Fundraising Year in History
https://www.ucdavis.edu/news/uc-davis-has-best-fundraising-year-history

Buena Vista Winery Adds to its One-of-a-Kind Visitor Experiences
  By Unveiling the 'Wine and Music Wine Tasting Experience'
http://www.winebusiness.com/news/?go=getArticle&dataid=172232

How did Berkeley wine store accrue $70M in debt?
http://www.berkeleyside.com/2016/07/28/how-did-berkeley-wine-store-accrue-70m-in-debt/comment-page-1/

Europe's Biggest Wine Drinkers--Map
https://www.statista.com/chart/4837/europes-biggest-wine-drinkers/


Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

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

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

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

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

This Day in American History

     1498 - Italian explorer Christopher Columbus sets foot on the American mainland for the first time, at the Paria Peninsula in present-day Venezuela. Thinking it an island, he christened it Isla Santa and claimed it for Spain. He explored the Orinoco River of Venezuela and, given its scope, soon realized he had stumbled upon another continent. Columbus, a deeply religious man, decided after careful thought that Venezuela was the outer regions of the Garden of Eden. Returning to Hispaniola, he found that conditions on the island had deteriorated under the rule of his brothers, Diego and Bartholomew. Columbus' efforts to restore order were marked by brutality, and his rule came to be deeply resented by both the colonists and the native Taino chiefs. In 1500, Spanish chief justice Francisco de Bobadilla arrived at Hispaniola, sent by Isabella and Ferdinand to investigate complaints, and Columbus and his brothers were sent back to Spain in chains. He was immediately released upon his return, and Ferdinand and Isabella agreed to finance a fourth voyage, in which he was to search for the earthly paradise and the realms of gold said to lie nearby. He was also to continue looking for a passage to India. In May 1502, Columbus left Cýdiz on his fourth and final voyage to the New World. After returning to Hispaniola, against his patrons' wishes, he explored the coast of Central America looking for a strait and for gold. Attempting to return to Hispaniola, his ships, in poor condition, had to be beached on Jamaica. Columbus and his men were marooned, but two of his captains succeed in canoeing the 450 miles to Hispaniola. Columbus was a castaway on Jamaica for a year before a rescue ship arrived. In November 1504, Columbus returned to Spain. Queen Isabella, his chief patron, died less than three weeks later. Although Columbus enjoyed substantial revenue from Hispaniola gold during the last years of his life, he repeatedly attempted (unsuccessfully) to gain an audience with King Ferdinand, whom he felt owed him further redress. Columbus died in Valladolid on May 20, 1506, without realizing the great scope of his achievement: He had discovered for Europe the New World, whose riches over the next century would help make Spain the wealthiest and most powerful nation on earth.
    1619 - First black slaves (20) land at Jamestown, Virginia.
http://www.pbs.org/wgbh/aia/part1/1h289.html
http://www.pbs.org/wgbh/aia/part1/1p263.html
http://www.pbs.org/wgbh/aia/part1/1i2991.html
http://www.historian.org/local/jamstwnva.html
    1620 - The Speedwell leaves Delfshaven, the Netherlands, with the Pilgrim Fathers, headed to America by way of England.
    1764 - Birthday of Anne Willing Bingham (d. 1801), Philadelphia.  She conducted social salons for leaders of the newly-born United States such as Jefferson, Washington, etc., and had a lot to say to them. Bingham is one of the largely unrecognized cadre of early American women who, with Abigail Adams, Mercy Otis Warren, and others, attempted to gain human rights for women from the framers of the U.S. Constitution. She reportedly was used as the model for “liberty” on US coins. 
http://mywebpages.comcast.net/reidgold/draped_busts/debate.html
http://mywebpages.comcast.net/reidgold/draped_busts/pics.html
http://odur.let.rug.nl/~usa/P/tj3/writings/brf/jefl69.htm
    1776 - The first Jew to die in the American Revolution, Francis Salvador, was killed in a skirmish with the British loyalists. He was also the first Jew selected to office in colonial America. He was voted a member of the South Carolina Provincial Congress in January, 1775. He was known as the Southern Paul Revere for having warned of the approach of the British fleet at Charleston, SC.  On August 1, 1776, while he was leading the militia under the command of Major Andrew Wilinson, his group was ambushed by Native Americans and loyalists near Esseneka (Seneca). Salvador was shot through the body and the left leg and was scalped by a group of Cherokees who sided with the British.
http://www.fau.edu/library/brody3.htm
    1776 - Birthday of William Clark (d. 1838) at Caroline County, Virginia. The soldier, explorer and public servant served seven years in the US Army and then gained his lasting fame when Meriwether Lewis asked him to join an expedition exploring the Louisiana Territory (1803-06). Clark was an able leader and contributed detailed maps and animal illustration on the journey. A grateful President Thomas Jefferson made Clark brigadier general of militia for the Louisiana Territory (1807-13) and superintendent of Indian Affairs (1807-38).  Clark was also governor of the Missouri Territory (1813-20) and surveyor general for Illinois, Missouri, and Arkansas (1824-25). Clark foresaw the tension between US interests and the native peoples of the western US, and he urged that US treat native tribes with respect. 
    1779 - Birthday of Francis Scott Key (d. 1842) at Frederick County, MD. (and if you don’t know who he was, turn in your citizenship papers). American attorney, social worker, poet and author of the US national anthem. Key was onboard a ship in Baltimore Harbor during the British bombardment of Fort McHenry on the nights of September 13-14, 1814. Thrilled to see the American flag still flying over the fort at daybreak, Key wrote the poem, “The Star-Spangled Banner.”  The minor league baseball team in Frederick is known as the Frederick Keys in his honor.
http://www.marylandtheseventhstate.com/article1014.html
    1790 - The first census revealed that there were 3,939,326 citizens in the 16 states and the Ohio Territory. Virginia, with 747,610, was the most populous state; Rhode Island, with 68,825, the least. New York City had a population of 33,131, Philadelphia had a population of 28,522, and Boston had a population of 18,320. The US has been taken a census every 10 years since 1790. 
    1791 - Virginia planter Robert Carter III confounded his family and friends by filing a deed of emancipation for his 500 slaves. One of the wealthiest men in the state, Carter owned 60,000 acres over 15 plantations. The deed included the following words: “I have for some time past been convinced that to retain them in Slavery is contrary to the true principles of Religion and Justice and therefore it is my duty to manumit them.” The document established a schedule by which 15 slaves would be freed each Jan 1, over a 21-year period, plus slave children would be freed at age 18 for females and 21 for males. It is believed this was the largest act of emancipation in US history and predated the Emancipation Proclamation by 70 years.
    1794 – The Whiskey Rebellion began as a tax protest in the United States beginning in 1791, during the presidency of George Washington. The so-called "whiskey tax" was the first tax imposed on a domestic product by the newly-formed federal government. It became law in 1791, and was intended to generate revenue to help reduce the national debt.  Resistance came to a climax in July 1794, when a US marshal arrived in western Pennsylvania to serve writs to distillers who had not paid the excise. The alarm was raised, and more than 500 armed men attacked the fortified home of a tax inspector. Washington responded by sending peace commissioners to western Pennsylvania to negotiate with the rebels, while at the same time calling on governors to send a militia force to enforce the tax. With 13,000 militiamen provided by the governors of Virginia, Maryland, New Jersey and Pennsylvania, Washington rode at the head of an army to suppress the insurgency. The rebels all went home before the arrival of the army, and there was no confrontation. About 20 men were arrested, but all were later acquitted or pardoned. Most distillers in nearby Kentucky were found to be all but impossible to tax; in the next six years, over 175 distillers from Kentucky were convicted of violating the tax law.  Numerous examples of resistance are recorded in court documents and newspaper accounts.  The Whiskey Rebellion demonstrated that the new national government had the will and the ability to suppress violent resistance to its laws. The whiskey excise remained difficult to collect, however. The events contributed to the formation of political parties in the United States, a process already underway. The whiskey tax was repealed after Jefferson’s Republican Party, which opposed Hamilton's Federalist Party, came to power in 1801.
http://www.whiskeyrebellion.org/rebell.HTM
    1801 – First Barbary War:  The American schooner USS Enterprise captures the Tripolitan polacca Tripoli off the coast of modern-day Libya.
    1809 – William Travis (d. 1836) was born in Saluda County, SC.  At the age of 26, he was a Lt. Colonel in the Texas Army.  In March, 1836, he, Jim Bowie and Davy Crockett, among many others, died at the Battle of the Alamo during the Texas Revolution against Mexico.
    1812 - A rare tornado hits Westchester County, NY.
http://www.rootsweb.com/~nylnphs/HH/2.htm
    1818 - Birthday of Maria Mitchell (d. 1889) at Nantucket, MA.  An interest in her father’s hobby and an ability for mathematics resulted in Maria Mitchell’s becoming the first female professional astronomer. In 1847, while assisting her father in a survey of the sky for the US Coast Guard, Mitchell discovered a new comet and determined its orbit. She received many honors because of this, including being elected to the American Academy of Arts and Sciences and its first woman. Mitchell joined the staff at Vassar Female College in 1865, the first US female profession of astronomy, and, in 1873 was a co-founder of the Association for the Advancement of Women.
http://womenshistory.about.com/library/bio/blbio_mit
http://209.68.19.123/
http://ne.essortment.com/biographyofmar_rhff.htm
    1819 – Herman Melville (d. 1891) was born in New York City.  He was an American novelist, poet, and writer of short stories, the most famous of which is “Moby Dick” (1851).
    1838 - Abolition of slavery in Jamaica. Spanish settlers introduced the slave trade into Jamaica in 1509 and sugar cane in 1640. Slavery continued until this day when it was abolished by the British.
http://www.spartacus.schoolnet.co.uk/Lslavery33.htm
    1852 – Birthday of Calamity Jane (d. 1903), born Martha Jane Cannary, at Princeton, Missouri. Between legend and the usual misrepresentations, the true life of this frontier woman is shrouded. She usually dressed as a man, yet historians claim she was a prostitute. She claimed to have scouted for the army, including for Gen. George Custer while others say that was impossible. She was part of a geological expedition to the Black Hills and stayed after gold was discovered. History says she also was a "companion" of Wild Bill Hickok who died 27 years and one day before she did, and is buried next to him, not his wife. She lived her last years in poverty. How she earned her living appears to be a mystery as many historians claim that she was not a stage driver, a scout, nor anything else like that. She was in El Paso for a time where she married a Clinton Burke who soon deserted her. She was believed to have been a mail carrier in Deadwood, but her exact ways of earning a living are just not known. In reality, most of what we think we know of Calamity Jane is the product of dime novels and Hollywood movies of the era that portrayed her as beautiful and daring.
http://www139.pair.com/read/Marthy_Cannary_Burk/
Life_and_Adventures_of_Calamity_Jane
/Life_And_Adventures_Of_Calamity_Jane_p1.html
   
    1855 – Castle Clinton in New York City opens as the first U.S. receiving station for immigrants.  Originally known as known as West Battery, it is a circular fort located in what is now Battery Park in lower Manhattan.  It was renamed in 1815 to honor former New York governor DeWitt Clinton.  More than 8 million people arrived there from 1855 to 1890. It was operated by the state until April 18, 1890, when the Federal Government took over control of immigration processing, which subsequently opened the larger and more isolated Ellis Island facility for that purpose on January 2, 1892. 
    1861 - For trivia fans, John Tyler of Virginia, President of the United States from 1841 to 1845, became a delegate to the Provisional Congress of the Confederate States. He was elected a member of the House of Representatives of the permanent Confederate Congress on November 7, 1861, but died on January 18, 1862, before taking his seat.  He is the only former president to serve as an official of an “enemy government.”
http://www.whitehouse.gov/history/presidents/jt10.html
http://www.americanpresidents.org/presidents/president.asp?
PresidentNumber=10

    1861 – Brazil recognizes the Confederate States of America.
    1873 - The first cable car ran at 5am on Clay Street Hill, San Francisco, CA, while the City slept. It was ready to run its trails, and pictures were allowed to be taken on August 2. Revenue service did not take place until September 1. The ride cost five cents. This was the first cable car put into service anywhere in the world. It was invented by Andrew Smith Hallidie, who obtained a patent on January 17, 1871, on an “endless-wire rope way.” Today only three lines of the original lines operate.
http://www.americahurrah.com/Postcards/SFCC1.html
http://www.sfmuseum.org/bio/hallidie.html
http://www.americahurrah.com/Postcards/SFCC1.html
    1876 - Colorado admitted to the Union as the 38th state.
http://memory.loc.gov/ammem/today/aug01.html
http://www.sfcablecar.com/hist1.html
    
    1906 – Only months after the earthquake , Bank of Italy opened its first branch at 3433 Mission Street, San Francisco. 
    1906 – Brooklyn Dodger Harry McIntire no-hits Pittsburgh for 10 2/3 innings but loses in 13th.
    1916 - Hawaii Volcanoes National Park Established. Area of Hawaii Island, including active volcanoes Kilauea and Mauna Loa, were established as Hawaii National Park in 1916. 
http://www.nationalgeographic.com/destinations
/Hawaii_Volcanoes_National_Park/

    1933 - California introduces sales tax due to the devastating depression.
http://www.salestaxcpa.com/id50.htm
    1939 - Glenn Miller Band records “In the Mood,” (Bluebird 104150) Non-royalty contract gives him only $175.  The #1 hit topped the charts for 13 straight weeks in 1940 in the U.S. and, one year later, was featured in the movie “Sun Valley Serenade.”  In 1983, the recording was inducted into the Grammy Hall of Fame.  In 1999, NPR included the classic on RCA Bluebird on the NPR 100, the list of "The 100 most important American musical works of the 20th century."  In 2004, it was inducted into the Library of Congress National Recording Registry which consists of recordings that are "culturally, historically, or aesthetically significant."
    1941 - Willy’s introduces the “jeep.” General Dwight D. Eisenhower said that America could not have won World War II without it.  After several bouts of ownership, Jeep is now a best-selling brand of Chrysler.
http://jeepin.com/history.shtml
    1941 - Birthday of Ronald H. Brown (d. 1996), born Washington, DC, grew up in Harlem and studied at Middlebury College in Vermont. After graduating from St. John’s University law school, Brown served as chief counsel for the Senate Judiciary Committee. He went on to become the first African-American partner at the law firm of Patton Boggs & Blow, the first African-American leader of the Democratic National Committee, and later served as the US Secretary of Commerce during the Clinton administration. Brown died in a plane crash at Dubrovnik, Croatia, Apr 3, 1996, while on government business. Some say the death was not an accident.
http://www.rhbf.org/aboutron.asp
    1941 - Yankee Lefty Gomez breaks the Major League mark for walks in a shutout by issuing 11 walks in a 9-0 victory over the St. Louis Browns.
    1942 - Birthday in San Francisco of Jerry Garcia, lead guitarist and driving force behind the Grateful Dead. The Dead were the only psychedelic band of the 1960's to survive into the '90s. They had been better known for their 4-5 hour concerts than for their recordings, until 1987's "In the Dark." It was the Grateful Dead's biggest seller, and a single from it, "Touch of Grey," became their first top-ten hit. Garcia died of a heart attack on August 9th, 1995, at a residential treatment center in Forest Knolls, California. He had reportedly gone there to battle his heroin addiction.
http://www.jerrygarcia.com
    1942 - The American Federation of Musicians went on strike. Union president James C. Petrillo told musicians that phonograph records were 'a threat to members' jobs.' As a result, musicians refused to perform in recording sessions over the next several months, although live, musical radio broadcasts did continue.
    1943 - BAKER, ADDISON E., (Air Mission) Medal of Honor.
Rank and organization: Lieutenant Colonel, U.S. Army Air Corps, 93d Heavy Bombardment Group. Place and date: Ploesti Raid, Rumania, 1 August 1943. Entered service at: Akron, Ohio. Born: 1 January 1907, Chicago, Ill. G.O. No.: 20, 11 March 1944. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy on 1 August 1943. On this date, he led his command, the 93d Heavy Bombardment Group, on a daring low-level attack against enemy oil refineries and installations at Ploesti, Rumania. Approaching the target, his aircraft was hit by a large caliber antiaircraft shell, seriously damaged and set on fire. Ignoring the fact, he was flying over terrain suitable for safe landing, he refused to jeopardize the mission by breaking up the lead formation and continued unswervingly to lead his group to the target upon which he dropped his bombs with devastating effect. Only then did he leave formation, but his valiant attempts to gain sufficient altitude for the crew to escape by parachute were unavailing and his aircraft crashed in flames after his successful efforts to avoid other planes in formation. By extraordinary flying skill, gallant leadership and intrepidity, Lt. Col. Baker rendered outstanding, distinguished, and valorous service to our Nation
    1943 - HUGHES, LLOYD H., (Air Mission) Medal of Honor.
Rank and organization: Second Lieutenant, U.S. Army Air Corps, 564th Bomber Squadron, 389th Bomber Group, 9th Air Force. Place and date: Ploesti Raid, Rumania, 1 August 1943. Entered service at: San Antonio, Tex. Born: 12 July 1921, Alexandria, La. G.O. No.: 17, 26 February 1944. Citation: For conspicuous gallantry in action and intrepidity at the risk of his life above and beyond the call of duty. On 01 August 1943, 2d Lt. Hughes served in the capacity of pilot of a heavy bombardment aircraft participating in a long and hazardous minimum-altitude attack against the Axis oil refineries of Ploesti, Rumania, launched from the northern shores of Africa. Flying in the last formation to attack the target, he arrived in the target area after previous flights had thoroughly alerted the enemy defenses. Approaching the target through intense and accurate antiaircraft fire and dense balloon barrages at dangerously low altitude, his plane received several direct hits from both large and small caliber antiaircraft guns which seriously damaged his aircraft, causing sheets of escaping gasoline to stream from the bomb bay and from the left wing. This damage was inflicted at a time prior to reaching the target when 2d Lt. Hughes could have made a forced landing in any of the grain fields readily available at that time. The target area was blazing with burning oil tanks and damaged refinery installations from which flames leaped high above the bombing level of the formation. With full knowledge of the consequences of entering this blazing inferno when his airplane was profusely leaking gasoline in two separate locations, 2d Lt. Hughes, motivated only by his high conception of duty which called for the destruction of his assigned target at any cost, did not elect to make a forced landing or turn back from the attack. Instead, rather than jeopardize the formation and the success of the attack, he unhesitatingly entered the blazing area and dropped his bomb load with great precision. After successfully bombing the objective, his aircraft emerged from the conflagration with the left wing aflame. Only then did he attempt a forced landing, but because of the advanced stage of the fire enveloping his aircraft the plane crashed and was consumed. By 2d Lt. Hughes' heroic decision to complete his mission regardless of the consequences in utter disregard of his own life, and by his gallant and valorous execution of this decision, he has rendered a service to our country in the defeat of our enemies which will everlastingly be outstanding in the annals of our Nation's history.
    1943 - JERSTAD, JOHN L., (Air Mission) Medal of Honor.
Rank and organization: Major, U.S. Army Air Corps, 9th Air Force. Place and date: Ploesti Raid, Rumania, 1 August 1943. Entered service at: Racine, Wis. Born: 12 February 1918, Racine, Wis. G.O. No.: 72, 28 October 1943. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty. On 1 August 1943, he served as pilot of the lead aircraft in his group in a daring low-level attack against enemy oil refineries and installations at Ploesti, Rumania. Although he had completed more than his share of missions and was no longer connected with this group, so high was his conception of duty that he volunteered to lead the formation in the correct belief that his participation would contribute materially to success in this attack. Maj. Jerstad led the formation into attack with full realization of the extreme hazards involved and despite withering fire from heavy and light antiaircraft guns. Three miles from the target his airplane was hit, badly damaged, and set on fire. Ignoring the fact that he was flying over a field suitable for a forced landing, he kept on the course. After the bombs of his aircraft were released on the target, the fire in his ship became so intense as to make further progress impossible and he crashed into the target area. By his voluntary acceptance of a mission he knew was extremely hazardous, and his assumption of an intrepid course of action at the risk of life over and above the call of duty, Maj. Jerstad set an example of heroism which will be an inspiration to the U.S. Armed Forces.
    1943 - JOHNSON, LEON W., (Air Mission) Medal of Honor.
Rank and organization: Colonel, U.S. Army Air Corps, 44th Bomber Group, 9th Air Force. Place and date: Ploesti Raid, Rumania, 1 August 1943. Entered service at: Moline, Kans. Born: 13 September 1904, Columbia, Mo. G.O. No.: 54, 7 September 1943. Citation: For conspicuous gallantry in action and intrepidity at the risk of his life above and beyond the call of duty on 1 August 1943. Col. Johnson, as commanding officer of a heavy bombardment group, let the formation of the aircraft of his organization constituting the fourth element of the mass low-level bombing attack of the 9th U.S. Air Force against the vitally important enemy target of the Ploesti oil refineries. While proceeding to the target on this 2,400-mile flight, his element became separated from the leading elements of the mass formation in maintaining the formation of the unit while avoiding dangerous cumulous cloud conditions encountered over mountainous territory. Though temporarily lost, he reestablished contact with the third element and continued on the mission with this reduced force to the prearranged point of attack, where it was discovered that the target assigned to Col. Johnson's group had been attacked and damaged by a preceding element. Though having lost the element of surprise upon which the safety and success of such a daring form of mission in heavy bombardment aircraft so strongly depended, Col. Johnson elected to carry out his planned low-level attack despite the thoroughly alerted defenses, the destructive antiaircraft fire, enemy fighter airplanes, the imminent danger of exploding delayed action bombs from the previous element, of oil fires and explosions, and of intense smoke obscuring the target. By his gallant courage, brilliant leadership, and superior flying skill, Col. Johnson so led his formation as to destroy totally the important refining plants and installations which were the object of his mission. Col. Johnson's personal contribution to the success of this historic raid, and the conspicuous gallantry in action, and intrepidity at the risk of his life above and beyond the call of duty demonstrated by him on this occasion constitute such deeds of valor and distinguished service as have during our Nation's history formed the finest traditions of our Armed Forces.
    1943 - KANE, JOHN R., (Air Mission) Medal of Honor.
Rank and organization: Colonel, U.S. Army Air Corps, 9th Air Force. Place and date: Ploetsi Raid, Rumania, 1 August 1943. Entered service at: Shreveport, La. Birth: McGregor, Tex. G.O. No.: 54, 9 August 1943. Citation: For conspicuous gallantry in action and intrepidity at the risk of his life above and beyond the call of duty on 1 August 1943. On this date he led the third element of heavy bombardment aircraft in a mass low-level bombing attack against the vitally important enemy target of the Ploesti oil refineries. En route to the target, which necessitated a round-trip flight of over 2,400 miles, Col. Kane's element became separated from the leading portion of the massed formation in avoiding dense and dangerous cumulous cloud conditions over mountainous terrain. Rather than turn back from such a vital mission he elected to proceed to his target. Upon arrival at the target area, it was discovered that another group had apparently missed its target and had previously attacked and damaged the target assigned to Col. Kane's element. Despite the thoroughly warned defenses, the intensive antiaircraft fire, enemy fighter airplanes, extreme hazards on a low-level attack of exploding delayed action bombs from the previous element, of oil fires and explosions and dense smoke over the target area, Col. Kane elected to lead his formation into the attack. By his gallant courage, brilliant leadership, and superior flying skill, he and the formation under his command successfully attacked this vast refinery so essential to our enemies' war effort. Through his conspicuous gallantry in this most hazardous action against the enemy, and by his intrepidity at the risk of his life above and beyond the call of duty, Col. Kane personally contributed vitally to the success of this daring mission and thereby rendered most distinguished service in the furtherance of the defeat of our enemies.
    1944 - Warsaw Uprising. Having received radio reports from Moscow promising aid from the Red Army, the Polish Home army rose up against the Nazi oppressors. At 5pm, thousands of windows were thrown open and Polish patriots, 40,000 strong, began shooting at German soldiers in the streets. The Germans responded by throwing eight divisions into the battle. Despite appeals from the London-based Polish government-in exile, no assistance was forthcoming from the Allies, and after two months of horrific fighting the rebellion was quashed. 
    1944 - Anne Frank makes the last entry into her diary. To escape deportation to concentration camps, the Jewish family of Otto Frank hid for two years in the warehouse of his food products business at Amsterdam. Gentile friends smuggled in food and other supplies during their confinement. Thirteen-year-old Anne Frank, who kept a journal during the time of their hiding, penned her last entry in the diary Aug 1, 1944: ‘[I] keep on trying to find a way of becoming what I would like to be, and what I could be, if . . . there weren’t any other people living in the world.” Three days later (Aug 4, 1944) Grune Polizei raided the ‘Secret Annex” where the Frank family was hidden. Anne and her sister were sent to Bergen-Belsen concentration camp where Anne died at age 15, two months before the liberation of Holland. Young Anne’s diary, later found in the family’s hiding place, has been translated into 30 languages and has become a symbol of the indomitable strength of the human spirit.
    1944 – Adam Clayton Powell is elected to Congress from New York’s Harlem, the first black congressmen from the east.
    1944 - Top Hits
“Amor” - Bing Crosby
“I’ll Be Seeing You” - Bing Crosby
“Long Ago and Far Away” - Helen Forrest & Dick Haymes
“Is You is or is You Ain’t (Ma’ Baby)” - Louis Jordan
    1945 – New York Giants’ Mel Ott becomes the first National Leaguer to hit 500 HRs.  Ott finished his career with 511 and was elected to the Hall of Fame in 1951.
    1946 – President Harry Truman establishes the Atomic Energy Commission.
    1951 - Neal Hefti Band records his “Coral Reef.” Great trumpet player, greater arranger for Basie, Sinatra, and many others.
http://www.spaceagepop.com/hefti.htm
http://us.imdb.com/Name?Hefti,+Neal
    1952 - Top Hits
“I’m Yours” - Don Cornell
“Delicado” - Percy Faith
“Auf Wiedersehn, Sweetheart” - Vera Lynn
“Are You Teasing Me” - Carl Smith
    1953 - Birthday of guitarist and five-time Grammy Award winner, Robert Cray, Columbus, GA
http://www.blueflamecafe.com/index.html
    1954 - An August 1st concert, promoted by Alan Freed, features Fats Domino, Muddy Waters, The Clovers, The Orioles, and others at the Moondog Jubilee of Stars Under the Stars at Ebbetts Field in Brooklyn, New York.   It is the first large racially mixed crowd at a concert of this size.
    1956 - RCA released two of Elvis Presley's hit singles: "Blue Suede Shoes" and "Love Me Tender."
    1957 - Dodger first baseman Gil Hodges hits his 13th career grand slam and the last grand slam in Brooklyn Dodger history. The bases-loaded shot establishes a new National League record, since passed by Hank Aaron and Willie McCovey.
    1957 – NORAD, North American Aerospace Defense Command, is formed between the US and Canada.
    1958 - Feeling that label head Sam Phillips is spending too much time promoting Jerry Lee Lewis and not enough promoting him, Johnny Cash leaves Sun Records and signs with Columbia.
    1959 - After nine weeks as the best-selling song in America, Johnny Horton's "The Battle of New Orleans" is pushed out of the number one spot by Paul Anka's "Lonely Boy."
    1960 - Chubby Checker's recording of "The Twist" was released by Cameo-Parkway Records. Checker wasn't the originator of the song that spawned the '60s greatest dance craze. That honor belonged to Hank Ballard, who wrote and recorded the tune as the "B" side of his 1958 hit "Teardrops on My Letter." But it was Chubby Checker who rode "The Twist" to stardom. His recording went to number one on the Billboard pop chart twice - in 1960 and again in 1962. 
http://www.send4fun.com/twist.htm
http://www.chubbychecker.com/
    1960 - 18-year-old singer Aretha Franklin made her first secular recordings for producer John Hammond at Columbia Records. She had recorded some gospel songs at her father's church in Detroit four years earlier.
http://www.aretha-franklin.com/bio.htm
http://www.artistdirect.com/showcase//urban/arethafranklin.html
    1960 - For his embodiment of decadent American culture, Elvis Presley is named "Public Enemy Number One" by the East Berlin newspaper Young World.
    1960 - Top Hits
“I’m Sorry” - Brenda Lee
“Itsy Bitsy Teenie Weenie Yellow Polkadot Bikini” - Brian Hyland
“It’s Now or Never” - Elvis Presley
“Please Help Me, I’m Falling” - Hank Locklin
    1961 – US Defense Secretary Robert McNamara establishes the Defense Intelligence Agency, the nation's first centralized military espionage organization.
    1962 – Red Sox’ Bill Monbouquette no-hits the White Sox, 2-0.
    1962 - Stan Lee and Steve Ditko introduced a new superhero for Marvel Comics in issue #15 of Amazing Fantasy that hit newsstands in August: Spider-Man. Nerdy teen Peter Parker is bitten by a radioactive spider and soon discovers that he has the proportionate strength and agility of the spider---as well as web-shooting talents and “spider sense.”  The arachnid crime fighter got his own comic book in March, 1963, and quickly became the center of a multimedia empire.
    1963 - Arthur Ashe, first Black male to win Wimbledon, becomes first Black person named to the US Davis Cup team. 
http://sportsillustrated.cnn.com/tennis/features/1997/
arthurashe/biography.html

    1964 - The title track from The Beatles' movie "A Hard Day's Night" topped the record charts on both sides of the Atlantic. The film was originally titled "Beatlemania" until producers heard an offhanded comment by Ringo Starr as he flopped into a canvas chair and said "It's been a hard day's night, that was."
    1966 - Birmingham radio station WACI calls for the first "Beatles Burn-In," a bonfire of Beatles records to protest John Lennon's recent published comments that his group was "bigger than Jesus."
    1966 - Charles Whitman takes a stockpile of guns and ammunition to the observatory platform atop a 300-foot tower at the University of Texas and proceeds to shoot 46 people, killing 16.  Whitman, who had killed both his wife and mother the night before, was eventually shot to death after courageous Austin police officers, including Ramiro Martinez, charged up the stairs of the tower to subdue the attacker.  Packing food and other supplies, he proceeded to the observation platform, killing the receptionist and two tourists before unpacking his rifle and telescope and hunting the people below. An expert marksman, Whitman was able to hit people as far away as 500 yards. For 90 minutes, he continued firing while officers searched for a chance to get a shot at him. By the end of his rampage, 16 people were dead and another 30 were injured. The University of Texas tower remained closed for over 30 years before reopening in 1999.
    1968 - Top Hits
“Grazing in the Grass” - Hugh Masekela
“Stoned Soul Picnic” - The 5th Dimension
“Hurdy Gurdy Man” - Donovan
“Folsom Prison Blues” – Johnny
    1969 - The U.S. command in Saigon announces that 27 American aircraft were lost in the previous week, bringing the total losses of aircraft in the conflict to date to 5,690.
    1969 - The California newspapers San Francisco Chronicle, San Francisco Examiner and the Vallejo Times Herald received letters on this date from a killer claiming credit for three area murders that had occurred December 20, 1968, and July 4, 1969. Until these letters arrived, police authorities had not tied the killings together.  The letters included a cryptogram claiming (falsely) to reveal the killer’s identity. This was the beginning of a public terror campaign from a man calling himself the Zodiac.  The Zodiac killed two more people (perhaps more) and sent many letters threatening the school children of San Francisco, Ca. He was never identified.
    1970 - Chicago's "25 or 6 to 4" enters the Billboard Hot 100 where it will climb to #4. Many fans are confused about the song's meaning until it is explained that the tune was being written at 25 or 6 to four in the morning.
    1971 - The two Concerts for Bangladesh, organized by George Harrison, were held at Madison Square Garden in New York. Among the other performers were Bob Dylan, Ravi Shankar, Leon Russell and Ringo Starr. A three-record set, which won a Grammy Award, and a documentary film were made of the event. The concerts, album and film raised nearly $11 million US for the impoverished people of the newly-independent nation of Bangladesh, formerly East Pakistan. But much of the money was impounded by the US Internal Revenue Service during a nine-year audit of the Beatles' Apple Corps Limited. $2 million was sent to UNICEF before the audit began, but it wasn't until 1981 that a check for the remainder was issued.
    1971 - “The Sonny and Cher Comedy Hour” premieres on CBS television.
    1972 - Chicago's “Chicago V” LP is certified gold
    1973 - The first big oldies revival kicks off in earnest as George Lucas' new film, “American Graffiti”, premieres in Los Angeles. Portraying a night in the life of several California teenagers in 1962, it made stars out of Ron Howard, Richard Dreyfuss, Cindy Williams, Mackenzie Phillips and more, and also inspired the ABC-TV smash “Happy Days.”
    1976 - Top Hits
“Kiss and Say Goodbye”- Manhattans
“Love is Alive” - Gary Wright
“Moonlight Feels Right” - Starbuck
“Teddy Bear” - Red Sovine
    1977 - Willie McCovey of the San Francisco Giants hit the 18th and last grand slam of his career.  His total still stands as the National League record.  Alex Rodriguez holds the major league record with 24.
http://www.eteamz.com/hallfame/files/AA06.txt
    1977 - "Elvis - What Happened," an expose by two of Presley's former bodyguards, was published. It sat in bookstores almost unnoticed until Presley's death two weeks later. Then it sold more than three-million copies. It is not available at Amazon, Barnes and Noble, nor other on line used book stores at this time. Try the library in your neighborhood, and order by telephone or internet for a copy via the library system (you must have a library card and internet pin number---it is free).
    1978 – Atlanta Braves stop Pete Rose’ 44-game hitting streak with Rose whining that “they didn’t pitch to me.”
    1979 - Following her graduation from rabbinical college in Philadelphia, Linda Joy Holtzman was appointed spiritual leader of the Conservative Beth Israel congregation in Coatesville, Pennsylvania, making her the first female rabbi to head a Jewish congregation in America.
    1981 - The all music-video channel, MTV, debuted. VHq, another music channel owned by MTV Networks that is aimed at older pop music fans, premiered in 1985.
    1982 - Greg Louganis, US becomes first diver to score 700 (752.67) in 11 dives.
    1982 – Baseball Hall of Fame inductions:  Hank Aaron, the holder of the career home run record (755) and RBI record (2,297); Frank Robinson, the first player to win the MVP in both leagues and the first black manager in the majors; Travis Jackson, an outstanding offensive and defensive shortstop for the Giants during 1920's, and former commissioner Happy Chandler, who provided leadership in breaking baseball's color line.
   1984 - Top Hits
When Doves Cry - Prince
Ghostbusters - Ray Parker Jr.
State of Shock - Jacksons
Angel in Disguise - Earl Thomas Conley
    1986 - A powerful thunderstorm produced 100 mph winds and large hail in eastern Kansas and southwestern Missouri, causing 71 million dollars damage, and injuring nineteen persons. It was one of the worst thunderstorms of record for Kansas. Crops were mowed to the ground in places and roofs blown off buildings along its path, 150 miles long and 30 miles wide, from near Abilene to southeast of Pittsburg, KS.
    1986 – Bert Blyleven becomes the 10th pitcher in Major League history to strike out 3,000.  He finished his career with 3701 Ks and was elected to baseball’s Hall of Fame in 2011.
    1987 - Record heat gripped parts of the Midwest. A dozen cities reported record high temperatures for the date, including Lincoln, NE, with a reading of 105 degrees, Moline, IL, with an afternoon high of 103 degrees, and Burlington, IA, with a reading of 102 degrees.
    1988 - Cincinnati AM radio station WCVG changes its format, becoming the first US all-Elvis radio station. The concept died out within the year.  Sirius XM Radio has an all-Elvis channel among its pay-for-play subscriptions.
    1988 - Conservative political commentator and radio personality Rush Limbaugh began his nationally syndicated show on this date with 56 stations.  It quickly became the nation’s top-rated show and rejuvenated the radio talk format.  Today, more than 645 stations carry the program to an estimated 20 million listeners.  Limbaugh is among the highest paid people in U.S. media, signing a contract in 2008 for $400 million through 2016.  In 2015, Forbes listed his earnings at $79 million for the previous 12 months, and ranked him the 11th highest earning celebrity in the world. 
    1989 - Hurricane Chantal made landfall along the Upper Texas coast about sunrise. Chantal deluged parts of Galveston Island and southeastern Texas with 8 to 12 inches of rain. Unofficial totals ranged up to twenty inches. Winds gusted to 82 mph at Galveston, and reached 76 mph in the Houston area. Tides were 5 to 7 feet high. The hurricane claimed two lives, and caused $100 million damage.
    1989 - Gwendolyn King, became the first American of black African descent to head the Social Security Commission.
http://www.ssa.gov/history/king.html
    1990 - The creation of what would become the World Wide Web was suggested by Tim Berners-Lee and Robert Caliiau at CERN, the European Laboratory for Particle Physics at Switzerland. By October, they had designed a prototype Web browser. They also introduced HTML (Hypertex Markup Language) and the URL (Universal Resource Locator). Mosaic, the first graphical Web browser, was designed by Marc Andreesen, one of the founders of Netscape, and released in 1993. Until that time, there was “Archie,” “Gopher” and a few others. Mostly you had to
know the “numbers,” not name, to find the web site.  By early 1993, there were 50 Web servers worldwide.
    1990 - IBM sold off its typewriter and keyboard businesses. The move signaled IBM's increasing focus on the personal computer market. IBM also discontinued production of several of its PS/2 systems due to poor sales.
    1990 - Ashton Tate released a new version of its software package, dBase IV. Ashton Tate had dominated the database market in the 1980s but began to slide in the 1990s. At the height of the company's success in the mid-1980s, founder George Tate died of a heart attack at his desk.
    1993 - African-American Ronald H Brown, former chairman of the Democratic National Committee, appointed head of the Department of Commerce by President-elect Bill Clinton.
    1993 – Reggie Jackson is enshrined in the Baseball Hall of Fame.
   1993 – The Great Mississippi and Missouri Rivers floods peak.
    1994 - Michael Jackson and Lisa Marie Presley confirmed that they had been married by a judge in the Dominican Republic on May 26th. Publicists for the bride and groom had been denying the marriage took place since word of it leaked out on July 10th. 
    1995 - Selling 331,000 copies, Selena's “Dreaming of You,'' her first English album, debuts at No. 1 on the Billboard chart. The slain Tejano singer becomes the first Latin artist ever to debut at No. 1.
    1996 – Atlanta Olympics wrap-up: Michael Johnson left his fellow runners in the dust to win gold in the 200 meters in a record 19.32 seconds. He was the first male Olympian to complete the 200/400-meter Olympic double. And French sprinter Marie-Jose Perec became only the second woman in history to win a gold medal in both the 200-meter and the 400-meter runs at the same Olympics. Perec joined American Valerie Brisco-Hooks, who won both the 200 and 400 races in 1984 in Los Angeles. The U.S. women’s soccer team claimed the gold medal and capped the first women’s soccer competition at the Olympics, beating China 2-1. And last, but certainly not least, Dan O’Brien won the gold in the decathlon, four years after failing to make the U.S. Olympic team. 
    1998 - Using the old Negro League teams represented in their respective cities, the Cardinal-Brave game Saturday featured throwback uniforms of the 1928 St. Louis Stars and the 1940 Atlanta Black Crackers.  This tradition has been repeated often during subsequent baseball seasons.
    2001 - For the 33rd time in the team's history, the Tigers turn a triple play as Mariner Mark McLemore lines out to second baseman Damion Easley, who throws to shortstop Deivi Cruz to double up Tom Lampkin. Cruz then relays the ball to first baseman Shane Halter catching Ichiro Suzuki off first to complete Detroit's first triple killing since July 3, 1992, when the victim was also Seattle.
    2001 – Alabama Supreme Court Chief Justice Roy Moore has a Ten Commandments monument installed in the judiciary building, leading to a lawsuit to have it removed and his own removal from office.
    2007 - The I-35W Mississippi River Bridge, an eight-lane bridge across St Anthony Falls spanning the Mississippi River in Minneapolis collapses during the evening rush hour, killing 13 people and injuring 145.  Re-construction was completed rapidly, and it opened on September 18, 2008.
    2013 - Russia grants NSA whistleblower Edward Snowden one year of temporary political asylum; Snowden leaves Moscow's Sheremetyevo Airport.


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