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New Hires/Promotions in the Leasing Business
and Related Industries

Donald Crecca has rejoined CIT as Director, Lender Finance, at CIT, a division of First-Citizens Bank & Trust Company, New York, New York.  He is located in Trumbull, Connecticut.  Previously, he was Syndications, IBM (August, 2014 - August, 2022); Director, Capital Markets (July, 2007 - August, 2014); Senior Program Manager, Stryker Corporation (July, 2005 - July, 2007); National Sales Manager, General Electric Capital Corporation, Healthcare Finance Services (July, 2009 - July, 2005).He joined GE Capital, January, 1993, as Remarketing Support Specialist, promoted March, 1994, Risk Analyst, promoted June, 1996, Sales Representative/Program Manager, promoted January, 1998, Relationship Manager, promoted July, 2000, Operations Manager, promoted January, 2001, Manger, Inside Sales; Portfolio Analyst, Donald L. Crecca (August, `1991 - January, 2003.)
https://www.linkedin.com/in/donald-crecca-2a62b013/

Brylee Horning, CLFP, was hired as Assistant Vice President, Credit, Priority Capital Partners, Melrose, Massachusetts. She is located in Greater Phoenix Area.  Previously, she was Vice President, Compliance and HR, OrionFirst (September, 2020 - August, 2022); Vice President, Credit and Syndications, Summit Commercial Finance Company (January, 2004 - September, 2020). https://www.linkedin.com/in/brylee-horning-clfp-b2900b1a2/

Tibor Horvath was hired as Senior Vice President, and CT&J Business Unit Leader, at PEAC Solutions, formerly Marlin Business Services, Mount Laurel, New Jersey.  Previously, he was Consultant, Fleet Services, LLC (January, 2018 - August, 2022); Vice President, Commercial Leader, Americas, DLL (September, 2001 - December, 2018); Vice President, Sales, Copelco (1998 - 2001); Regional Sales Manager, Copelco Capital (1992 - 1998); Regional Sales Manager, Yale Material Handling (1985 - 1992).
https://www.linkedin.com/in/tibor-horvath-34407912/

Thomas McDonald was hired as Assistant Vice President, Channel Account Manager, Lenovo Financial Services, CIT, Chicago, Illinois. Previously, he was at Hewlett Packard Enterprises, starting April, 2013, Channel Financial Area Manager, April, 2013, promoted November, 2020, Enterprise Financial Area Manager.  He joined CDW in November, 2007, Corporate Account Manager, promoted August, 2009, Avocent Partner Special, CDW/Finance and Leasing Specialist November, 2010); Channel/Client Account Executive, Financial Lending Industry (1992 - 2007).
https://www.linkedin.com/in/thomas-mcdonald-8366446/

Anthony Munifo III was hired as Business Development Representative, Zendesk, New York, New York. Previously, he was Inside Sales Account Executive, Lendio (October, 2010 - December, 2020); Business Development Manager, Lift/Next Level Floats (Mary, 2015 - December, 2017).
https://www.linkedin.com/in/munifo3/

Amrita Patel was promoted to Equipment Finance, Wells Fargo Commercial Credit, Minneapolis, Minnesota. She is located in Dallas, Texas. "The division offers specialized financing for purchase, acquisition or leasing of assets pertaining to equipment, transportation and rental fleets, as well as comprehensive vendor and dealer programs." She joined Wells January, 2018, Senior Vice President, Sales Manager, Commercial Vehicle Group, September 2019, Wells Fargo Commercial Capital, Transformation and Process Improvement Leader. Prior, she was at GE Capital, starting August, 2004, Regional Sales Manager, promoted March, 2010, then promoted November, 2013, Transformation and Process Improvement Leader, Regional Sales Manager. She began her career as  Informational Management and Leadership and Leadership Program, GE Plastics (2000 - 2002). https://www.linkedin.com/in/amritavpatel/

Justin Siegel was hired as Director, Business Development, Accord Financial Corporation, Santa Monica, California. He is located in Toronto, Ontario, Canada. He is located in New York, New York. Previously, he was at Autex Acoustic, LLC, starting Director Business Development, March, 2018, promoted Director of Sales and Business Development, February, 2020; Account Manager, CHG Meridian (January, 2013 - September, 2017); Account Exertive, GE Capital (September, 2008 - February, 2009); Account Executive, Citi (March, 2007 - February, 2009); Inside Sales, SHI International Corp. (November, 2005 - February, 2007).  https://www.linkedin.com/in/justin-i-siegel/

Amy (Levene) Tipton was hired as Vice President, Operations, Encina Equipment Finance, Westport, Connecticut. She is located in Waukesha, Wisconsin. Previously, she was Commercial Fulfillment Specialist, Truist (December, 2021 - May, 2022); Senior Transaction Support Specialist, GE Healthcare (March, 2011 - November, 2021); Senior Loan Closer, GE Capital (2001 - 2009); Operations Manager, Central Bank (1988 - 1996).
https://www.linkedin.com/in/amy-tipton-75988063/

Scott Woodring was hired as Vice President, Commercial Lending and Equipment Finance, Allco Equipment Finance Group, Waukesha, Wisconsin.  He is located in Lincoln, Nebraska.  He currently is also a Managing Partner, TRIEX Capital Partners for deals that do not conflict with AILCO (such as Ag, Energy and Large Tickets  (January, 2020 - Present); Vice President, Capital Markets Buy Group/Alternative energy Group, Nexseer Capital (March, 2016 - January, 2020); Business Development Officer, LCA Financial, LLC (January, 2015 - March, 2015); Business Development Account Manager, Lease Team, Inc. (June, 2012 - January, 2015); Territory Manager, AXIS Capital (2011 - June, 2012); President/National Accounts Manager, Heartland Commercial Finance Ltd. (2009 - 2011); Vice President, Sales and Marketing, Dakota Financial (2006 - 2009); Vice President, Sales and Marketing, Pawnee Leasing Corporation (2003 - 2006); Regional Sales Manager, Fisher-Anderson, L.C. (1998 - 2003).
https://www.linkedin.com/in/scott-woodring-17454337/

Help Wanted Ads

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Summertime Success

Sales Makes it Happen by Scott Wheeler, CLFP

Each summer I remind originators that now is the time to snag relationships away from non-suspecting lazy competitors. Top originators get more aggressive when their competitors' guards are down. A seasoned originator relayed the following success story.

The originator has an on-going relationship with a large end-user that uses several finance companies on a regular basis. In the past this end-user has used his services for smaller transactions (under $250.0K) but uses larger institutional participants for larger transactions (usually between $500.0K and $1.0M). The originator took the following steps:

In early June, he met with his credit department to ensure that there was availability to approve and fund some larger transactions. (The originator had collected updated financial information to fund smaller transactions back in March and April of 2022.) His credit department pre-approved a line up to an additional $2.5M through 12/31/2022 contingent upon equipment approval.

The originator scheduled an in-person meeting with his end-user in mid-June under the pretext of a routine follow-up call. However, the meeting was an aggressive sales call to win additional business. The originator knew he could compete on larger transactions and provide a streamlined process with his pre-approval in hand.

During the in-person meeting, the originator discovered that the end-user was considering a $750.0K acquisition and needed a quick turnaround. One of the larger finance company's sales reps was on a two-week vacation and another competitor was stalled while waiting for a final credit decision. The originator took the opportunity to snag a deal away from his competition and display his ability to fund larger transactions. The transaction funded within a just a few days.

Just two weeks later, the end-user contacted the originator with another transaction for an additional $450.0K. The end-user was impressed with the originator's aggressiveness and his willingness to go the extra mile while others were enjoying the lazy, hazy days of summer.

Summer is an excellent time to outperform your competition.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.htm

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The Frequency, Implications of Cannabis Use by Millennials
Growth Continues with Leasing and Finance Loans

Nearly 20 states have now passed adult-use cannabis legislation and, in most of these regions, millennials played a significant role in enacting cannabis reform. Sometimes referred to as generation Y, this generation essentially pioneered recreational cannabis reform, at least in the United States, thanks to its ability to be open to new experiences. While older generations can be closed minded, especially regarding controversial issues such as cannabis, millennials are more open minded, putting them at the forefront of social development and change.

A recent survey by market and analytics research firm New Frontier Data sought to understand millennial behaviors and attitudes toward cannabis and their implications. The analytics company found that 39% of the millennials who consume cannabis do so several times a day. Furthermore, the survey revealed that 62% of total cannabis consumption among millennials was recreational, with one of the primary reasons for cannabis use being relaxation.

More than 60% of survey participants said they use both flower and nonflower products while 14% reported using other forms of marijuana exclusively. A majority of the 14% who used other forms of cannabis were women, with 20% of women choosing not to smoke cannabis flower compared to 9% of millennial men.

An estimated 20% of the millennial participants preferred to smoke joints, 14% were more partial to edibles, 9% preferred vapes, and only 6% reported using bongs regularly. Furthermore, 77% of millennials now use cannabis as a substitute for sleep medication, the survey found. The survey also found that 35% of the millennials surveyed used brick-and-mortar stores as their primary source of cannabis, 26% said they get cannabis from friends and family, 20% reported using private dealers and 14% used home-delivery services.

Around 50% said that they usually buy anywhere from $50 to $200 of cannabis with each purchase, and the survey indicated that millennials are more likely to buy more than $200 worth of cannabis per purchase.

Overall, the survey revealed that millennials are more knowledgeable compared to other generations when it comes to cannabis, they are enthusiastic and passionate about cannabis reform, and they are willing to dig deep into their wallets to consume cannabis for both medical and recreational reasons.

Source: Cannabisnewswire.com

 

 

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Number One Marketing Return on Investment
By Ken Countess, Kenisemail.com

Do you know what the number one marketing tool is in terms of ROI (return on investment)?

Far and away, it’s email marketing.

With a 42:1 Return on Investment as measured by the DMA (Data and Marketing Association), email marketing simply can’t be beat.  Nothing else comes close.

Just think about it.

Without even realizing it, most people check their email at least 20 times a day. Some estimates indicate we’re checking our email 50-100 times a day – or more!

The fact is that you're almost always checking to see who sent you an email. And, guess what?  That's what your customers are doing, too.

In fact, 99% of people are checking their email every day - and a study by ExactTarget found that 77% of consumers prefer to receive permission-based marketing communications through email.

Why?  Because it's passive. It's not somebody forcing you to read anything or listen to anything, for that matter.

So with an average return on investment of over 40:1 – more than 3 times the ROI of social media - that makes email an important part of your marketing arsenal, doesn't it?

But what makes it so effective?  It's because email works everywhere.

Emails get delivered over 90% of the time, compared to Facebook text posts, which only get delivered to about 2% of the people following you. 

That makes email 45 times more effective than Facebook text posts – making it undeniably the single best tool you have to consistently grow your business.

So what exactly can email marketing do for your business?

• It can create and increase awareness
• It can help you boost repeat business

In other words, you can use email marketing to:
• Help you educate your audience
• Help you get people to make a purchase
• Help you give them a deal
• Help you promote your social channels

Email helps you build a relationship with an audience in a way that other media cannot.  Email keeps you “top-of-mind” with your customers and prospects, and can dramatically reduce the length of the buying cycle.

It’s important to recognize that there's a difference between simply sending emails and using email marketing to promote your business.

Sending regular email, there are many limitations:

• You’re limited on the number of people you can send to at one time
• You can't control formatting
• They are more susceptible to filtering and spam complaints
• No visibility on opens, clicks and other valuable data

But sending email marketing campaigns, you can:

• Reach an unlimited number of people simultaneously
• Know precisely how many were sent, delivered, opened, and clicked on
• Know who opened your email, and exactly who clicked on which content
• Compare results from each campaign

In short, the tracking and reporting features are invaluable.

There are many other benefits, too.

Using an email marketing service, you also will be able to:

• reinforce your brand identity
• have a consistent “look and feel” with your messaging
• have list subscription adds and deletes managed automatically
• comply with anti-spam laws

There are many more aspects of email marketing which can help you successfully grow your business, including how to get more opens, how to stay out of the spam folder, and how to create content that really engages your reader.  I’ll cover all of these topics – and more – in future columns.

But for now, start using email marketing!  It’ll help you generate more sales – with a higher ROI – at a fraction of the cost of other tools!

Want to learn more?  Check out the Everything Email podcast.  Find it at https://www.buzzsprout.com/1995171

Ken Countess
Managing Director of
https://www.kenisemail.com/

Why I Became a CLFP
Kevin F. Clune, Clune & Company
Now a Division of Landmark Financial Corp.

In early 2006, who could have predicted the financial collapse that would occur just two years later?  As I and several of our employees prepared for our CLP (the founding name) exams, we didn’t realize that we were also strengthening our company to withstand the future strain on our economy and subsequent effects on our business.

Even though I had been working in the Leasing industry over 30 years by the time I took the test, it was a great learning experience.  Four of us earned the CLP designation and of those, most are still with Clune & Company.

Our entire crew grew together as a team and felt comfortable in participating in Strategic Planning initiatives that we began shortly after taking the CLP course.  This resulted in an inverted management style within our company that empowered our staff to review business policies, make suggestions for improvements, and implement changes using the knowledge and confidence they had gained from the CLP course work.

We continue to be very proud of the fact that Clune & Company has had several CLFP's.  The Lease & Finance Industry is now more highly regarded as a trusted source of business finance as a result of the CLFP program that was established by the CLFP Foundation.

Academy for Certified Lease & Finance Professionals
Updated: August, September, October
https://leasingnews.org/archives/Aug2022/08_01.htm#academy

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click image to view larger

Border Collie Mix
Lincoln, Nebraska  Adopt-a-Dog

Barry

Male
2 Years Old
40 lbs.
Neutered
Up-do-date Vaccinations
Prefers a home without cats

Meet Barry! Barry came in as a stray and was not claimed, now Barry is ready to find his forever home! Barry is an extremely shy dog and needs an owner that will give him time to warm up to new situations and people. Due to how scared he is at first he may do best in a home with older kids and have a yard to run and get to know his environment. If you are interested in meeting Barry please call our behavior department 402-441-4490 for more information. Primary Color: Black Secondary Color: White Weight: 40.31lbs Age: 2yrs 5mths 2wks Animal has been neutered.

Considering Barry for adoption?
Start an Inquiry:
https://www.petfinder.com/dog/barry-56378104/ne/lincoln/capital-humane-society-ne161/

Capital Humane Society
Pieloch Pet Adoption Center
6500 S. 70th Street
Lincoln, Nebraska  68516

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Registration is Now Open

Join the National Equipment Finance Association at the
Omni Hotel in Nashville, Tennessee,
November 2-4, 2022

Attendee List to Date:
https://web.cvent.com/event/959b09ec-fb58-4698-be83-8ee21c6bbe03/websitePage:f00eac1a-7ec3-496c-bee9-7b74599c4f00?rp=094e2ed0-cbab-44ec-9b4a-29dcc291ba56

Registration Fees plus Registration Forms
https://web.cvent.com/event/959b09ec-fb58-4698-be83-8ee21c6bbe03/websitePage:f5f1940b-980e-4398-96f6-3b681ef5e4a3?rp=094e2ed0-cbab-44ec-9b4a-29dcc291ba56

Mark is known as a top performer in the speaking industry for his authentic delivery, his talent for delivering unique stories and his comedic timing. His audiences remember his “Nice Bike” presentation for years after it is delivered. Mark’s core messages have always been about connecting. Sometimes it was in schools to help teachers connect to their students, or in organizations and businesses to help team members feel truly connected to their core values and their customers.

News Briefs---

Oracle, once headquartered in San Francisco Bay Area,
    reportedly undergoing mass layoffs
https://www.sfgate.com/news/article/Oracle-reportedly-conducts-mass-layoffs-17343408.php

Contract Leasing Corporation Announces
    Acquisition by Wafra
https://www.tullahomanews.com/news/business/contract-leasing-corporation-announces-acquisition-by-wafra/article_2f5ef071-3824-5317-90f2-1203e34f141f.html

Caterpillar post strong second-quarter profit
    of $1.7 Billion as it raises prices
https://www.chicagotribune.com/nation-world/ct-aud-nw-caterpillar-results-ap-20220802-qmjyp65omjbxlmhzxlv4aiezm4-story.html

PACCAR Announces Second Q Income
    $729,4 Million Compared to 456.3 in 2021
https://www.marketscreener.com/quote/stock/PACCAR-INC-4893/news/PACCAR

SLR Investment Corp. Announces June 20 Quarter
    Investment Income of $20.3 Million
https://www.streetinsider.com/Globe+Newswire/SLR+Investment+Corp.+Announces+Quar

$15B in bonds for Georgia Rivian EV plant
    in limbo as judge considers concerns
https://www.ajc.com/news/15b-in-bonds-for-rivian-ev-plant-in-limbo-as-judge-considers-concerns/VIDIZTMRXZF3NPIYPACC3B6UEM/

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You May Have Missed---

Mass. once again named healthiest state in the country
   Hawaii 2nd, New Jersey 3rd, Maryland 4th, New York 5th
https://www.boston.com/news/health/2022/08/02/massachusetts-healthiest-state-2022/

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Sports Briefs---

Greg Norman says Tiger Woods turned down
      $700-800 million offer to join LIV Golf
https://www.pressdemocrat.com/article/sports/greg-norman-says-tiger-woods-turned-down-700-800m-offer-to-join-liv-golf/

NFL suspends Miami Dolphins owner and strips team
     of draft picks after tampering and tanking probe
https://www.cnn.com/2022/08/02/us/nfl-miami-dolphins-suspend/index.html

Venus Williams loses return to singles play in Washington
https://www.pressdemocrat.com/article/sports/venus-williams-loses-return-to-singles-play-in-washington/

Broncos RB Damarea Crockett suffers
    season-ending ACL injury
https://www.theredzone.org/Blog-Description/EntryId/24274/Broncos-RB-Damarea-Crockett-suffers-season-ending-ACL-injury

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California Nuts Briefs---

GEICO closes all 38 offices in California
https://www.sfgate.com/bayarea/article/GEICO-closes-all-of-its-offices-in-California-17343088.php

Hundreds of e-bikes abandoned in Richmond a
    after company quietly shutters operations
https://www.mercurynews.com/2022/08/02/hundreds-of-e-bikes-abandoned-in-richmond-after-company-quietly-shutters-operations/

UC Berkeley can begin construction of $312 million
    housing development at historic People’s Park, judge rules
https://www.eastbaytimes.com/2022/07/30/uc-berkeley-can-begin-construction-for-a-312-million-housing-development-at-historic-peoples-park-judge-rules/

Oakland truckers claim ‘small victory’ after judge
    seeks more time to review AB5 suit
https://www.freightwaves.com/news/oakland-truckers-claim-small-victory-after-judge-seeks-more-time-to-review-ab5-suit

Port of Los Angeles says operations much better:
    'We don't expect a backlog of ships'
https://www.foxbusiness.com/economy/port-los-angeles-says-operations-much-better-we-dont-expect-backlog-ships

Water use in California dips, but still short
    of Newsom’s goal
https://www.courthousenews.com/water-use-in-california-dips-but-still-short-of-newsoms-goal/

In biggest San Francisco home sale of 2022, Broadway
    mansion reportedly bought by Manchester United owners
https://www.sfgate.com/realestate/article/biggest-San-Francisco-home-sale-of-2022-17342862.php

This Day in History

       1492 - Christopher Columbus set sail a half-hour before sunrise from the harbor of Palos, Spain. With three ships, Nina, Pinta and Santa Maria, and a crew of 90, he sailed “for Cathay” but found instead a New World of the Americas, first landing at Guanahani (San Salvador Island in the Bahamas) on October 12. He returned 224 days later, on March 14, 1493, to Lisbon, where he dispatched two letters of identical content, one to Raphael Sanchez and the other to Luis de Santangel, to describe the new world he had discovered. While he never set foot on the mainland of the United States or even called it America, he described what he thought were
islands of China. He was to return to the area three more times. During his fourth and final expedition (1502-1504) Columbus, whose Italian name was Cristo Columbo, discovered Martinique, and explored the coasts of present-day Honduras, Nicaragua, Costa Rica, and Panama.
(lower part of http://memory.loc.gov/ammem/today/aug03.html )
    1492 - The first letter containing a description of America was probably written by the explorer Christopher Columbus. He dispatched two letters of identical content, one to Raphael Sanchez and the other to Luis De Santangel. The first use of the word “America” came from German mapmaker Martin H. Waldessmuller, who named the new land in a map in the honor of Italian explorer Amerigo Verspucci of his discoveries in South America. Other map makers took copies his maps
and names, including “America.”
    1610 - Henry Hudson of England discovers a great bay on the east coast of Canada and names it for himself.
    1678 – Robert LaSalle built the “Le Griffon,” the first known ship to be built on the Great Lakes.  “Le Griffon” was constructed and launched at or near Cayuga Creek on the Niagara River as a seven-cannon, 45-ton sailing ship that LaSalle hoped would take him to the Northwest passage to Japan and China.
    1795 -  The Treaty of Greenville was signed at Fort Greenville, now Greenville, OH.  It followed negotiations after the Native American loss at the Battle of Fallen Timbers a year earlier. It ended the Northwest Indian war in Ohio Country and limited strategic parcels of land to the north and west. The parties to the treaty were a coalition of Native American tribes, known as the Western Confederacy, and US government represented by General Anthony Wayne for local frontiersman. The treaty is considered the beginning of modern Ohio history.
    1804 - US Commodore Edward Prebble's squadron bombarded Tripoli, inflicting heavy damages on the city though this engagement would be indecisive. In the late summer of 1804, President Thomas Jefferson sent Preble and Captain Stephen Decatur with the Constitution, three brigs, three schooners, two bombs and six gunboats, manned by only 1,060 men to attack Tripoli. That Moorish city, at that time, was well walled, protected by judiciously constructed batteries mounting 115 pieces of heavy cannon, and defended by 25,000 Arabs and Turks. Besides, the harbor was encircled by 19 Moorish gunboats, two gallies, two schooners of eight guns each and a brig carrying 10 guns, forming a strong line of defense at secured moorings and extending more than two miles in length. Although energetically executed, Preble's attacks highlighted the difficulty of winning with bombardment. First, he had no intelligence on how the defenders were holding up under the attacks. More fundamentally, lacking any ground force to put ashore and compel capitulation, Preble had to hope that the enemy would decide to give in rather than endure. (My son Dash is a plank holder of the USS Prebble, named after the Commodore.) 
    1811 – Elisha Otis (d. 1861) was born in Halifax, VT.  Founder of the Otis Elevator Company and inventor of a safety device that prevents elevators from falling if the hoisting cable fails.  The 1854 New York World’s Fair offered a great chance at publicity.  Otis amazed a crowd when he ordered the only rope holding the platform on which he was standing cut.  The rope was severed by an axeman, and the platform fell only a few inches before coming to a halt. After the World's Fair, Otis received continuous orders, doubling each year. He developed different types of engines, like a three-way steam valve engine, which could transition the elevator between up to down and stop it rapidly.
    1852 – In the first US intercollegiate event in any sport, Harvard beat Yale in a boat race.
    1882 - Congress passes the Immigration Act, banning Chinese immigration for ten years.
    1900 - Ernie Pyle (d. 1945) was born at Dana, MN, and began his career in journalism in 1923. After serving as managing editor of the Washington Daily News, he returned to his first journalistic love of working as a roving reporter in 1935. His column was syndicated by nearly 200 newspapers and often focused on figures behind the news. His reports of the bombing of London in 1940 and subsequent reports from Africa, Sicily, Italy and France earned him a Pulitzer Prize in 1944. He was killed by machine-gun fire at the Pacific island of le Shima, Apr 18, 1945.
    1900 - Central figure in a cause célèbre (the “Scopes Trial” or the “Monkey Trial”), John Thomas Scopes (d. 1970) was born at Paducah, KY. An obscure 24-year-old schoolteacher at the Dayton, TN, high school in 1925, he became the focus of world attention. Scopes never uttered a word at his trial, which was a contest between two of America’s best-known lawyers, William Jennings Bryan and Clarence Darrow. The trial, July 10—21, 1925, resulted in Scopes’ conviction. He was fined $100 “for teaching evolution” in Tennessee. The verdict was upset on a technicality and the statute he was accused of breaching was repealed in 1967.
    1900 – The Firestone Tire & Rubber Company was founded.
    1904 - Use of “American” as an adjective instead of “United States” was officially recommended by John Hay, secretary of state, who instructed American diplomatic and consular officers to adopt it.
    1907 – Federal Judge Kenesaw Mountain Landis fined Standard Oil of Indiana a record $29.4 million for illegal rebating to freight carriers; the conviction and fine were later reversed on appeal.  Landis issued a subpoena for Standard Oil CEO John D. Rockefeller to testify as to Standard Oil's assets. The tycoon had often evaded subpoenas, not having testified in court since 1888.  US Marshals visited Rockefeller's several homes, as well as the estates of his friends, in the hope of finding him. After several days, Rockefeller was found at his lawyer's estate in northwestern Massachusetts and was served with the subpoena.  The tycoon duly came to Landis' Chicago courtroom, making his way through a mob anxious to see the proceedings. Rockefeller's actual testimony, proffered after the judge made him wait through several cases and witnesses, proved to be anticlimactic, as he professed almost no knowledge of Standard Oil's corporate structure or assets.  According to Landis biographer David Pietrusza, "much of the nation could hardly believe a federal judge had finally cracked down on a trust—and cracked down hard."  The verdict and sentence were reversed by the US Court of Appeals on July 22, 1908.  In January 1909, the US Supreme Court refused to hear the case and, in a new trial before another judge (Landis recused himself), Standard Oil was acquitted. 
    1911 - Danish woodcarver Charles Looff delivered the classic carousel to the Santa Cruz Beach Boardwalk, California. A furniture-maker by trade, Looff began carving carousel animals as a hobby after immigrating to America. His first carousel was installed at Coney Island in New York in 1875. The Boardwalk carousel features jeweled horses and a 342-pipe Ruth band organ built in 1894. The carousel and the park’s Giant Dipper roller coaster were designated National Historic Landmarks by the US National Parks Service.  Wikipedia lists 47 carousels created by Looff, all across the US.
    1921 – Major League Baseball Commissioner Kenesaw Mountain Landis banned the eight Chicago Black Sox, the day after they were acquitted by a Chicago court.  Landis: “Regardless of the verdict of juries, no player who throws a ball game, no player who undertakes or promises to throw a ball game, no player who sits in confidence with a bunch of crooked ballplayers and gamblers, where the ways and means of throwing a game are discussed and does not promptly tell his club about it, will ever play professional baseball.”  The Commissioner took the line that while the players had been acquitted in court, there was no dispute they had broken the rules of baseball, and none of them could ever be allowed back in the game if it were to regain the trust of the public. Comiskey supported Landis by giving the seven who remained under contract to the White Sox their unconditional releases. Those banned were:  Pitcher Eddie Cicotte, CF Happy Felsch, 1B Chick Gandl, LF Shoeless Joe Jackson, IF Freddy McMullin, SS Swede Risberg, 3B Buck Weaver, P Lefty Williams.  Also banned was Joe Gedeon, second baseman of the St. Louis Browns. Gedeon placed bets since he learned of the fix from Risberg, a friend of his. He informed Comiskey of the fix after the Series in an effort to gain a reward. He was banned for life by Landis along with the eight White Sox.
    1923 - Calvin Coolidge was sworn in as the 30th president of the United States, following the death of Warren G. Harding. It took several hours for the news of President Warren G. Harding's death in California to reach the small town of Plymouth, Vermont, where he was enjoying a short vacation, but by 2 a.m., Coolidge was told that Harding was dead. Traditionally, the president is sworn in by the chief justice of the Supreme Court--but he slept 500 miles away. At 2:30 a.m. on August 3, 1923, Coolidge's father, a notary public, administered the oath of office to his son by the light of a kerosene lamp.
http://memory.loc.gov/ammem/today/aug03.html
    1925 – Marv Levy, the only NFL coach to take his team to four consecutive Super Bowls, was born in Chicago.  He served as head coach in the Canadian Football League for the Montreal Alouettes (1973–1977) and in the NFL for the Kansas City Chiefs (1978–1982) and the Buffalo Bills (1986–1997), coaching the Bills to four consecutive AFC championships and those Super Bowls (1990-93). He was elected to the Pro Football Hall of Fame in 2001.
    1926 - Tony Bennett was born Anthony Dominick Benedetto in Astoria, Queens, NY.  As a teen, he was a teammate in sandlot baseball of Yankees Hall of Famer Whitey Ford.  After serving in the Army during the final year of World War II, Benedetto studied at the American Theater Wing where he was taught the bel canto singing discipline, which would keep his voice in good shape for his entire career.  He was discovered by Pearl Bailey who introduced him to Bob Hope who took him on the road and Americanized his name.  His first big hit was "Because of You," a ballad that started out gaining popularity on jukeboxes, then reached number one on the pop charts in 1951 and stayed there for ten weeks, selling over a million copies.  This was followed to the top of the charts later that year by a similarly-styled rendition of “Cold, Cold Heart," and the third number-one came in 1953 with "Rags to Riches” which topped the charts for eight weeks.  Later that year, the producers of the upcoming Broadway musical “Kismet” had Bennett record "Stranger in Paradise" as a way of promoting the show during a New York newspaper strike.  The song reached the top, the show was a hit, and Bennett began a long practice of recording show tunes.  "Stranger in Paradise" was also a number-one hit in the UK a year and a half later and started Bennett's career as an international artist. Also in 1962, Bennett released his recording of "I Left My Heart in San Francisco.”  Although this reached only number 19 on the Billboard Hot 100, it spent close to a year on various other charts and increased Bennett's exposure. The album of the same title was a top 5 hit and both the single and album achieved gold record status, winning Grammy awards for Record of the Year and Best Male Solo Vocal Performance. Over the years, this would become known as Bennett's signature song.  In 2001, it was ranked 23rd on an RIAA/NEA list of the most historically significant Songs of the 20th Century.  He remains an active performer.  Bennett has sold over 50 million records worldwide.  "For my money, Tony Bennett is the best singer in the business. He excites me when I watch him. He moves me. He's the singer who gets across what the composer has in mind and probably a little more." – Frank Sinatra, 1965.
http://www.jazzdiscography.com/Artists/Bennett/
http://www.tony-bennett.com/newsFr.html
http://www.tonybennettart.com/index2.html
    1936 – Jesse Owens won the 100-meter dash at the 1936 Summer Olympics in Berlin.  Owens went on to win three other gold medals.  He was the most successful athlete at the games and as such has been credited with "single-handedly crush[ing] Hitler’s myth of Aryan supremacy.
    1944 - WITEK, FRANK PETER, Medal of Honor
Rank and organization: Private First Class, U.S. Marine Corps Reserve. Born: December 1921, Derby, Conn. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving with the 1st Battalion, 9th Marines, 3d Marine Division, during the Battle of Finegayen at Guam, Marianas, on 3 August 1944. When his rifle platoon was halted by heavy surprise fire from well-camouflaged enemy positions, Pfc. Witek daringly remained standing to fire a full magazine from his automatic at point-blank range into a depression housing Japanese troops, killing 8 of the enemy and enabling the greater part of his platoon to take cover. During his platoon's withdrawal for consolidation of lines, he remained to safeguard a severely wounded comrade, courageously returning the enemy's fire until the arrival of stretcher bearers, and then covering the evacuation by sustained fire as he moved backward toward his own lines. With his platoon again pinned down by a hostile machinegun, Pfc. Witek, on his own initiative, moved forward boldly to the reinforcing tanks and infantry, alternately throwing hand grenades and firing as he advanced to within 5 to 10 yards of the enemy position, and destroying the hostile machinegun emplacement and an additional 8 Japanese before he himself was struck down by an enemy rifleman. His valiant and inspiring action effectively reduced the enemy's firepower, thereby enabling his platoon to attain its objective, and reflects the highest credit upon Pfc. Witek and the U.S. Naval Service. He gallantly gave his life for his country
    1945 - An American communiqué announces that US B-29 Superfortress bombers dropping mines over Japan have now sealed off all of the main ports, leaving the country totally blockaded. In a report by the US 20th Air Force, it is noted that every harbor of consequence in Japan and all those in Korea have been mined and it is estimated that hundreds of thousands of tons of shipping have been sunk or damaged since the mining program began in March. 
    1946 - Top Hits
“The Gypsy” - The Ink Spots
“Doin’ What Comes Naturally” - Dinah Shore
“They Say It’s Wonderful” - Frank Sinatra
“New Spanish Two Step” - Bob Wills
    1946 – Santa Claus Land, the world's first themed amusement park, opened in Santa Claus, IN.
    1948 - Before 72,434 in Cleveland, ancient (42 year-old) Negro Leaguer Leroy “Satchel” Paige made his Major League starting debut, pitching seven innings against the Washington Senators before being relieved. Paige picked up the win, 5-3, which moved the Indians (56-38) into a four-way tie for first on the way to the 1948 AL pennant and World Series championship.  He went 6-1 with a 2.48 ERA in 1948 and has been cited as a key contributor to that pennant.
    1949 – The Basketball Association of America and the National Basketball League merged to form the National Basketball Association.
    1950 - Eight Corsairs of VMF-214, the famed "Black Sheep" squadron of World War II, led by squadron executive officer, Major Robert P. Keller, launched from the USS SICILY and executed the first Marine aviation mission in the Korean War in a raid against enemy installations near Inchon. After the F4Us delivered their incendiary bombs and rockets on their targets, the Marines concluded their greeting to the Communist troops with a series of strafing runs 
    1954 - For that time, a record divorce settlement was awarded to Mrs. Barbara (Bobo) Rockefeller when her ex, Winthrop Rockefeller, was ordered to pay her $5,500,000. 
    1954 - Top Hits
“Sh-Boom” - The Crewcuts
“The Little Shoemaker” - The Gaylords
“Hey There” - Rosemary Clooney
One by One - Kitty Wells & Red Foley
    1958 - The submarine USS Nautilus began the first crossing of the Arctic Ocean under the polar ice cap. With a crew of 116 men, the Nautilus was commanded by William R. Anderson. The Nautilus was the world's first nuclear powered submarine. 
    1959 - "A Big Hunk of Love" becomes Elvis Presley's fourteenth straight Gold record. 
    1959 - Folk group The Kingston Trio is featured on the cover of Life magazine. 
    1959 - For the first time in Major League history, a second All-Star Game was played in the same season. The AL took a 5-3 victory at the Los Angeles Coliseum as the White Sox’s Nellie Fox singled in the decisive run.
    1962 - Top Hits
“Roses are Red” - Bobby Vinton
“The Wah Watusi” - The Orlons
“Sealed with a Kiss” - Brian Hyland
“Wolverton Mountain” - Claude King
    1963 - The College Football All-Stars beat the NFL Champion Green Bay Packers 20-17. It was a huge upset as the college team had been underdogs with odds of 50-1. 
    1963 - The Beatles appeared at The Cavern Club in Liverpool for the very last time. They had performed 274 concerts at the dingy, basement club since their debut there 2½ years earlier. Their first gig paid them £5 ($14) and their last brought in £300 ($840). 
    1963 - Capitol Records released The Beach Boys’ song, "Surfer Girl." It became one of their biggest hits, making it to number seven on the hit music charts on September 14, 1963. 
    1963 - Warner Brothers Records released comedian Allan Sherman’s summer camp parody, "Hello Mudduh, Hello Fadduh! (A Letter from Camp)." The song would go to number two on the pop charts on August 14, 1963
    1963 - The Tymes' "So Much In Love" hits #1
    1965 - No. 1 Billboard Pop Hit: “I'm Henry VIII, I Am,'' Herman's Hermits. The song was written in 1911 by Fred Murray and R.P. Weston and was popularized at the time by Cockney comedian Harry Champion. 
    1965 - CBS-TV news shows pictures of men from the First Battalion, Ninth Marines setting fire to huts in the village of Cam Na, six miles west of Da Nang, despite reports that the Viet Cong had already fled the area. The film report sparked indignation and condemnation of the U.S. policy in Vietnam both at home and overseas. At the same time, the Department of Defense announced that it was increasing the monthly draft call from 17,000 in August to 27,400 in September and 36,000 in October. It also announced that the Navy would require 4,600 draftees, the first such action since 1956.
    1966 - Lenny Bruce, 40, dies of a morphine overdose in his Hollywood, California bathroom. A tragic end to a mercurial comic/satiric genius. His death affected many in the Underground. The Bruce was an important influence on the Diggers with his searing commentaries that exposed social hypocrisy. Bruce had performed recently at the Fillmore. “Lenny” (1974) DVD Film with Dustin Hoffman, “The Lenny Bruce Performance” film DVD, “How to Talk Dirty and Influence People” by Lenny Bruce
    1967 - President Lyndon B. Johnson announces plans to send 45,000 more troops to Vietnam.
    1967 – On the way to the “Impossible Dream” season that would send them to the World Series, the Red Sox acquired Elston Howard from the Yankees in exchange for two minor leaguers.  Oddly, the Red Sox were the last team in the Majors to play an African-American and Howard was the first African-American to play for the Yanks.  Many credited Howard with stabilizing and nurturing the Sox’ young staff that took them to the Series.  Earlier in the 1967 season, Red Sox rookie Bill Rohr was pitching a no-hitter against the Yankees at the Stadium when Howard broke it up with a single in the 8th inning.
    1968 - "Hello, I Love You," recorded by The Doors, jumped into the top spot on Billboard's hit record charts, and stayed there for 2 weeks.
    1969 – The Everly Brothers headlined Fillmore West show, SF. Hear this performance free courtesy of Wolfgang's Vault. Once registered for free @ Wolfgang's Vault you are welcome to listen to the many rare, never-before-heard recordings of live concerts featuring Janis Joplin, Jimi Hendrix, Led Zeppelin, Quicksilver Messenger and much more.
http://www.wolfgangsvault.com/everly-brothers/concerts/fillmore-west-august-03-1969.html
    1970 - Hurricane Celia struck the coast of Texas producing wind gusts to 161 mph at Corpus Christi, and estimated wind gusts of 180 mph at Arkansas Pass. The hurricane was the most destructive of record along the Texas coast causing $454 million damage, and also claimed eleven lives
    1970 - Top Hits 
“(They Long to Be) Close to You” - Carpenters
“Make It with You” - Bread
“Signed, Sealed, Delivered I’m Yours” - Stevie Wonder
“Wonder Could I Live There Anymore” - Charley Pride
    1971 - Paul McCartney announces the formation of Wings, his first band since the breakup of the Beatles. It features ex-Moody Blues singer Denny Laine and Paul's wife Linda.
    1971 - Ringo Starr receives a gold record for "It Don't Come Easy." He wrote the tune himself.
    1974 - Bad Company's Bad Company LP hits #1
    1975 - No. 1 Billboard Pop Hit: “Jive Talkin','' The Bee Gees.
    1977 – Tandy Corporation announced the TRS-80, one of the world's first mass-produced personal computers.  By 1979, the TRS-80 had the largest selection of software in the microcomputer market.  Until 1982, the TRS-80 was the best-selling PC line, outselling the Apple II series by a factor of 5 according to one analysis.
    1977 – QB Tom Brady was born in San Mateo, CA.  Arguably the NFL’s greatest QB when measured by Super Bowl wins, Brady has been the Patriots’ signal caller in a record 9 Super Bowls.  He holds the NFL record for most Super Bowl wins, 6.  In two of the three Super Bowls the Patriots lost, Brady left with the lead only to see the opposition New York Giants win, both in the waning minutes.  Brady has been honored with four Super Bowl MVP awards, the most ever by a single player, has won three league MVP awards, has been selected to 13 Pro Bowls, and has led his team to more division titles (17) than any other quarterback in NFL history. As of the end of the 2017 regular season, Brady is fourth all-time in total career passing yards, tied for third in career TD passes, and third in career passer rating. His career postseason record is 30-11, winning more playoff games than any other quarterback, and he has appeared in more playoff games than any player at any position. Brady has never had a losing season as a starting quarterback in the NFL. His combined regular-season and postseason wins are also the most of any QB in NFL history.  After the 2019 season, Brady became a free agent and signed with the Tampa Bay Buccaneers. 
    1978 - Top Hits
“Shadow Dancing” - Andy Gibb
“Baker Street” - Gerry Rafferty
“Miss You” - The Rolling Stones
“Only One Love in My Life” - Ronnie Milsap
    1979 - "Tonight Show" host Johnny Carson, appeared on the cover of the Burbank, California telephone directory. 
    1979 - The Knack hit the top of both the album and singles charts, with their LP, "Get The Knack" and the single, "My Sharona."
    1979 - Jai-alai player Jose Ramon Areitio threw the fastest ball ever recorded at a speed of 188 mph (301 kph). Jai-alai is a sport that originated in the Basque region of Spain and France, and it consists of throwing a ball with a long, curved basket against a wall. 
    1981 - United States air traffic controllers went on strike, despite a warning from President Ronald Reagan that they would be fired, which they were.
    1984 - At the 1984 Olympics held in Los Angeles, American Mary Lou Retton won gold in all-around gymnastics. 
    1985 - Mail service was reinstated to Paradise Lake, Florida, a nudist colony, after residents promised they would wear clothes or at least stay out of sight when the mailperson came to deliver. 
    1985 - Bruce Springsteen's "Glory Days" peaks at #5 on the chart, while Sting's "If You Love Somebody Set Them Free" peaks at #3
    1986 - Top Hits
“Glory of Love” - Peter Cetera
“Papa Don’t Preach” - Madonna
“Mad About You” - Belinda Carlisle
“Nobody in His Right Mind Would’ve Left Her” - George Strait
    1987 - Joe Niekro got a 10-day suspension for throwing scuffed baseballs. At first, he denied the charge made by the home plate umpire but changed his tune when an emery board fell out of his pocket during an inspection. 
    1987 - The Iran-Contra congressional hearings ended, with none of the 29 witnesses tying President Ronald Reagan directly to the diversion of arms-sales profits to Nicaraguan rebels.
    1987 - Def Leppard releases their "Hysteria" LP.
    1988 - Steve Winwood's "Roll With It" hits #1 on the chart. Billboard ranks this the top song of the year.
    1989 - Thunderstorms representing what remained of Hurricane Chantal drenched Wichita, KS, with 2.20 inches of rain in four hours during the early morning. Thunderstorms developing in Minnesota produced wind gusts to 85 mph at Baudette during the afternoon, and softball size hail at Lake Kabetogama, during the evening. Jamestown, ND, reported a record hot afternoon high of 103 degrees
    1992 – The Los Angeles Dodgers recorded their 3,000th win since moving from Brooklyn.  After winning one World Series in Brooklyn in 1955, the LA Dodgers have won 5 with 21 playoff appearances.
    1993 - Boston Ventures, the group to whom Berry Gordy had sold Motown in 1988 for $61 million, sells the label and its holdings to Dutch conglomerate Polygram for $325 million.
    2002 - In just the first four innings, Edgar Martinez ties the Major League record for sacrifice flies in a game with three. The Mariners' designated hitter becomes the 11th player in history to accomplish the feat doing it in his first three at-bats in Seattle's 12-4 victory over the Indians.
    2004 – The pedestal of the Statue of Liberty re-opened for the first time after the September 11 attacks.
    2006 - The 715th home run ball hit by Barry Bonds to pass Babe Ruth for second place on the all-time career list fetches $220,100 during a 10-day eBay auction. The money, which will go to Andrew Morbitzer, the fan who caught the ball, is much less than the $800,000 dished out in 2004 for the ball the Giants left fielder's hit for his 700th career homer.
    2015 – President Obama proposed “The Clean Power Plan” to reduce carbon dioxide emissions by 32% from 2002 levels.  The plan is more stringent than the 30% proposed by the EPA.  The Clean Power Plan was one of the first major global initiatives to curb internal greenhouse gas emissions. Since the plan was established in 2014, there have been various global efforts made to decrease toxic particulate matter emissions by other developed nations.  The Paris Agreement was agreed upon in October 2016 and entered into force in November 2016. The Paris Agreement aims to combat global climate change by keeping a global temperature rise this century well below 2 degrees Celsius and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.  In order to enact the plan, 194 UNFCCC member nations have signed the treaty, 172 of which have ratified it.  President Trump's proposed 2018 federal budget defunded the Clean Power Plan.   On March 28, 2017, President Trump signed an executive order directing the EPA to review the Clean Power Plan.  On June 1, 2017, Donald Trump announced the US withdrawal from the Paris Agreement, but a number of U.S. states formed the US Climate Alliance to maintain within state borders the objectives of the Clean Power Plan separately from the federal government.  In May 2019, Administrator Andrew Wheeler announced plans to change the way the EPA calculates health risks of air pollution, resulting in the reporting of far fewer health-related deaths and making it easier to roll back the Clean Power Plan. The Trump administration has argued that the Obama administration over-estimated the health risks for various environmental regulations, to the detriment of industry. Administrator Wheeler defended the change as a way to rectify inconsistencies in the current cost-benefit analyses used by the agency. The new plan will be known as the Affordable Clean Energy (ACE) rule. The planned changes were hailed by industry representatives.  Environmentalists are fighting the administration's power plant regulation rollbacks. In April 2020, several environmental groups and twenty-two states filed their first legal briefs in an attempt to fight the administration's attempt to loosen emission standards. Environmentalists are concerned that the new ACE standards are so limited in the pollution controls it requires power producers to install that it could hamstring future administrations from addressing climate-altering pollution.