Pictures from the Past
2002---Theresa Kabot with Crosby

2002--Theresa Kabot and the Kabot Commercial
Leasing Credit Manager “Crosby”
(If he likes the deal, he wags his tail)

Theresa (nicknamed "Tree" by her friends because she is tall, and it also goes with her legal name) grew up in Connecticut with five brothers and sisters who are her best friends. During college, she worked at a ski shop (winter) and snowboard shop (summer), which began an inclination to being a bit of a gear head. She received a BA at CSU, moved to Portland and intended to go to law school.

After watching the massive increase of enrollment of law school, she decided that, for now, it would be more fun to tell lawyer jokes than be one. So, she put off taking the LSAT and got her first "real" job. Thus began a career in commercial equipment financing with various positions at Colonial Pacific Leasing (CPL) from 1990 to 1995. (She was Kit Menkin’s American Leasing's "representative" at CPL; vivacious, bright, always on the ball, tenacious, too.)

For the last seven years, she owned and operated Kabot Commercial Leasing in Seattle. She thinks Seattle is a wonderful part of the country and continues to enjoy building business in equipment financing. This has been the first economic downturn she has experienced as a business owner she but remains an optimist about the future of the industry and the role that her niche will play.

Her favorite author right now is Tom Robbins, having just finished “The World is Made of Glass" - West, and started “The Winter of Our Discontent" - Steinbeck. Tree finds great satisfaction in painting, mostly in acrylics, and will admit to taking up crochet, (perhaps a sign of middle age?). Currently, she is listening to White Stripes, Jay-Z and really likes the new Nirvana, loves Crosby Stills Nash & Young, Tom Waits, The Beatles, Lyle Lovett, Miles Davis and yes, Elvis. She enjoys backpacking, skiing, and tends to get cranky when not getting plenty of exercise. She admits to not being a very good golfer, yet. She  traveled for almost a month in Italy in 2000, (almost didn't come back), went to Singapore, Bali, and Tokyo this October and she has started taking kick boxing and karate classes. A trip to Costa Rica, and perhaps Peru, is being planned for this spring.

Tree has one incredible dog, a golden retriever named Crosby. While certain he is the best dog in the world, she has not determined a way to get him on the payroll, yet. She focuses on rust prevention and staying focused, and she looks forward to one day keeping bees and collecting residuals.

  

Theresa Kabot, CLFP
K2 Funding Group
2022

Tree was one of the original Leasing News Advisory Board members, and currently serves on the Monitor Editorial Board. She is a past president of the CLFP Foundation, has served on the UAEL Board of Directors, volunteers on numerous committees with NEFA, AACFB, CLFP as well as numerous industry associations in which her company specializes.

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New Hires/Promotions in the Leasing Business
and Related Industries

Dean Allman was promoted to Western Region Sales Manager, Crestmark, a division of MetaBank, Troy, Michigan. He is located in Reno, Nevada. He joined the company January, 2018, National Account Executive, Assistant Vice President. Previously, he was Regional Leasing Director, SunTrust Equipment & Finance Corp. (December, 2013 - June, 2017); Financial Solutions Manager, Cisco Systems Capital (July, 2012 - December, 2013); Regional Leasing Manager, Sun Microsystems (December, 2004 - July, 2009). Full Bio at:
https://www.linkedin.com/in/dean-allman-12bbb02/

Ben Carapezzi was hired as Managing Director, Utica Equipment Finance, LLC, Norwalk, Connecticut.  He is located in the New York City Metropolitan Area. Previously, he was Director of Originations, Stonebriar Commercial Finance (June, 2021 - August, 2022); Director, Agrius Capital Partners, LLC (June, 2019 - May, 2021); Vice President, SLR Equipment Finance (June, 2015 - June, 2019).
https://www.linkedin.com/in/equipmentloan

Caitlin Cosentino was promoted to Manager, Inside Sales, Bluevine, New York City. She joined the company March, 2019, Account Executive, promoted April, 2020, Interim Team Lead, Paycheck Protection Program, Customer Support, promoted September, 2020, Team Lead, Inside Sales/Senior Account Executive, Westminster Economic Development Initiative (January, 2018 - May, 2018).
https://www.linkedin.com/in/caitlin-cosentino/

Katyln Hardecopf was promoted to Credit Functional Leader, GreatAmerica Financial Services, Cedar Rapid, Iowa. She joined the company May, 2018, Credit Analyst I, II. She also serves as Officer Manager, Instructor, Teacher's Assistant, the Dancer's EDGE (June, 2008 - Present).  Lead Teller, Wells Fargo (December, 2014 - August, 2018). https://www.linkedin.com/in/katlyn-hardecopf-6b6744109/

Christina Taylor was promoted to Legal Operations Manager, Truist, Charlotte, North Carolina. She is located in Charlotte Metro.  She joined BB&T May, 2000, as Collections Team Lead, Equipment Finance, promoted July, 2006, Commercial Credit Officer, Equipment Finance; Team Lead, Retail Investment Group (Wells Fargo fka First Union National Bank) (January, 1997 - May, 2000); Certified Collector, Piedmont Credit and Collections (December, 1994 - December,1996).
https://www.linkedin.com/in/christinataylorclt/

 

Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support/Work

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Elevating your Vendors

Sales Makes it Happen by Scott Wheeler, CLFP

Top producing originators in the commercial equipment finance industry rank their vendors (i.e., a ranking system of one to five; a ranking system of gold, silver, bronze; a ranking system of high, medium, low). They are aware that not all relationships are equal and their goal is to develop as many high-ranking relationships as possible. However, they also celebrate the process of moving relationships up the scale. Top originators are always working diligently to elevate all their relationships which have the potential of becoming one of their "key" accounts.

A top producing originator who ranks his vendors on a scale of one to five (with one being the highest ranking, and an indicator of a "key" account), describes his process as follows:

• He has a handful of top-ranked vendors producing the highest level of new business. These are his "key" relationships which he tends to on a daily basis. These relationships are always a priority and they produce 80% of his annual volume.
• He will downgrade a relationship if, for any reason, it is falling out of favor. He works hard to develop "key" accounts and harder to maintain "key" accounts; however, he does not build false hopes and has strict criteria for a relationship to be ranked as a one.
• He understands that being ranked as one of his highest relationships requires more than just production. The best relationships are highly efficient and align with his company's objectives.
• He consistently spends 20% to 30% of his time prospecting for additional number one relationships. It is this process which will contribute to his future business. This top producer knows the attributes required to become one of his best relationships. He spends his valuable time pre-qualifying every vendor from the first call to determine whether a particular vendor has the proper attributes.
• He considers the process of remaining a top producer as a methodical process with defined attributes of what a top ranked vendor possesses, and he spends his time soliciting the best-aligned vendors with the greatest potential.
• He works his system to elevate potential vendors from a ranking of five to an eventual ranking of one. It is his ability to move relationships forward that allows this originator to consistently be a top producer in the industry.

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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Zoom's Revenue Growth is
Running Out of Steam

The immense growth of Zoom Video Communications during the pandemic is not realistically going to be repeated. Ever. The fall in revenue growth over the last few quarters may be cause for concern for shareholders and investors as well as users.

As this infographic shows, with 'winner of the pandemic' scale revenue growth still evident in Q4 2021 (ending January 31, 2021), it has somewhat understandably been all downhill for the video conferencing provider ever since.

By Martin Armstrong, Statista

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Press Releases Received After Press Deadline

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

ELFA Outlines What You Need to Know About Enhanced
Financial Disclosure Requirements Taking Effect in 2022

Washington, DC, August 22, 2022 – Commercial financing disclosure requirements taking effect in various states starting in 2022 will have a significant impact on the commercial equipment leasing and finance sector. ELFA’s State Advocacy team, led by VP of State Government Relations Scott Riehl, have been lobbying rigorously on behalf of members and the industry. 

“It’s been ELFA’s strategy to work to exempt as many industry transactions as we can,” said ELFA’s State Advocacy team, led by Vive President of State Government Relations Scott Riehl Riehl. “We’re engaged in the legislative process and regulatory rulemaking and continue to keep our members aware of what they can expect to prepare their businesses.”

To help educate members about what they need to know about this important topic, ELFA has compiled a number of critical informational resources.

In-Depth Webinar and Takeaways
Riehl and ELFA members Moorari Shah, Chair of ELFA’s State Legislative & Regulatory Subcommittee and Partner, Sheppard Mullin; Robert S. Cohen, Partner, Moritt Hock & Hamroff LLC; Troy Kepler, Corporate Counsel, Channel; and Daniel Nelson, CEO, Tamarack presented a webinar on July 28, 2022, titled “Operational Preparedness: Are You Ready for the New CA and NY Disclosure Requirements?”

The session generated considerable interest with 580 people registering to learn about the latest legal, operational and system integration information concerning commercial financing disclosure laws. The webinar also touched on overlaps and inconsistencies among state regulations that could require redundant, tedious and/or cumbersome investments in technology, software and training to comply with the subtle and material differences between the state laws.

The webinar recording, slide deck and video Q&A from the webinar are available at https://www.elfaonline.org/July28Webinar.

“With the effective date of the final regulations in California coming later this year, the time to address these issues is now,” said Riehl. “It will take preparation to get operations up to speed to implement methods to capture all the types of information that need to be disclosed.”

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

 

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Equipment Leasing and Finance Association’s Survey of
Economic Activity: Monthly Leasing and Finance Index

(Chart: Leasing News)

July New Business Volume Up 2 Percent Year-over-year, Down 2 Percent Month-to-month, Up 5 Percent Year-to-date.

Full Press Release:
https://www.elfaonline.org/knowledge-hub/mlfi-25-monthly-leasing-and-finance-index/view-mlfi/monthly-leasing-and-finance-index-july-2022

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

Boxer
Fallston, Maryland  Adopt-a-Dog

Mama
Female
Brown/Chocolate, Yellow
Tan/Blond/Fawn
Coast: Short
Neutered
Vaccinations up-to-date

Mama came to FARM in need of a forever home. She is an 8- year- old spayed female. She is a small boxer who has spent her entire life having puppies. Since coming into rescue, we have found that Mama absolutely loves everyone and craves attention. Although she has only lived inside for a short time, she is doing great with housebreaking but does not crate. Mama loves going for walks and rides in the car. She would prefer to be the only dog, although she does ok with large, quiet dogs. She is not appropriate for small dogs, active dogs, or cats. Mama deserves a home where she gets lots of love and attention. Can you give her a forever home? Meet and greets for approved adopters will be by appointment.

If you are interested in adopting, please fill out a dog application which can be found at http://fallstonanimalrescue.org/adopt/ and e-mail it to fallstonrescue@aol.com.

Fallston Animal Rescue Movement, Inc.
2725 Fallston Road
Crossroads Station Shopping Center
Fallston, MD 21047
FallstonRescue@aol.com
410-557-6161

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Today - AUGUST 24 - BALBOA CAPITAL
AACFB Webinar “Meet the Funder”

"Join us on Wednesday, August 24 at 3:00 p.m. (ET) as AACFB Gold Sponsor Balboa Capital presents information on their products and services and answers your questions.  Yes, Open to American Association of Commercial Finance Broker non-members."

Balboa Capital is a technology-driven independent financing company that provides fast, hassle-free small business funding options to fuel growth and success. The company specializes in equipment financing, commercial financing, working capital, and franchise financing. Balboa Capital has developed an intuitive online platform that simplifies the entire financing process. From credit submission to documentation and funding as well as customer service and robust reporting Portal360 is your virtual seat at Balboa Capital.

To Register:
https://us02web.zoom.us/webinar/register/WN_bN62G3EWT4C933QqpaXNtQ

 

News Briefs---

Former security chief claims Twitter
     buried ‘egregious deficiencies’
https://www.washingtonpost.com/technology/interactive/2022/twitter-whistleblower-sec-spam/

Intel, Brookfield Sign $30 Billion Deal
    to Finance Chip Factories
https://www.wsj.com/articles/intel-inks-30-billion-funding-partnership-with-brookfield-to-finance-chip-factory-expansion-11661254261

U.S. gas prices drop 70 days in a row
in the second-longest streak since 2005
https://www.mercurynews.com/2022/08/23/u-s-gas-prices-drop-70-days-in-a-row-in-the-second-longest-streak-since-2005/

 

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You May Have Missed---

This power line could forever change the West
    and save California
https://www.latimes.com/environment/story/2022-08-23/wyoming-clean-energy-california

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Sports Briefs---

Tom Brady "firing on all cylinders” in Monday’s practice
https://www.theredzone.org/Blog-Description/EntryId/24652/Tom-Brady--firing-on-all-cylinders--in-Monday-s-practice

Inside the Angels’ lost years: Poor decisions,
Arte Moreno’s influence have club near bottom
https://www.latimes.com/sports/angels/story/2022-08-23/angels-lost-decade-mike-trout-arte-moreno-shohei-ohtani

Los Angeles Angels owner Arte Moreno
exploring sale of the team
https://www.cnbc.com/2022/08/23/los-angeles-angels-owner-arte-moreno-exploring-sale-of-the-team.html

The 25 Most Intriguing College Football
Quarterbacks of 2022
https://www.si.com/college/2022/08/23/most-intriguing-qbs-caleb-williams-cj-stroud

Changing Pac-12 still seeking next
College Football Playoff appearance
https://www.pressdemocrat.com/article/sports/changing-pac-12-still-seeking-next-college-football-playoff-appearance/

Ty Thompson in perpetual competition since arriving
at Oregon; will 2022 be his time to start for the Ducks?
https://www.oregonlive.com/ducks/2022/08/ty-thompson-in-perpetual-competition-since-arriving-at-oregon-will-2022-be-his-time-to-start-for-the-ducks.html

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California Nuts Briefs---

New contract for California state union lifts pay by 7.5%,
      offers family leave in $458M deal
https://www.sacbee.com/news/politics-government/the-state-worker/article264796239.html

Big development with hundreds of affordable
homes eyed at San Jose retail site
https://www.mercurynews.com/2022/08/23/develop-253-affordable-home-san-jose-real-estate-housing-senior-cvs/?

Full Update: Manresa Chef and Founder Plans
To Leave His World-Class Restaurant
https://patch.com/california/losgatos/manresa-chef-founder-plans-leave-his-world-class-restaurant?utm_source=alert-breakingnews&utm_medium=email&utm_campaign=alert

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"Gimme that wine"

Wine of the week: Fel, 2021 Pinot Gris,
    Anderson Valley, California
https://www.pressdemocrat.com/article/lifestyle/wine-of-the-week-fel-2021-pinot-gris-anderson-valley/

San Francisco Bay Area wineries need oak barrels
right now. But thousands are missing
https://www.sfchronicle.com/food/wine/article/wineries-oak-barrels-17390707.php

Third Generation Family-Owned Sangiacomo Vineyards
Celebrates 95 Years of Farming in Sonoma County
https://www.winebusiness.com/news/article/262059

Big Names and Big Bottles for Napa Auction
https://www.wine-searcher.com/m/2022/08/big-names-and-big-bottles-for-napa-auction

“Gimme that Wine”
http://www.youtube.com/watch?v=EJnQoi8DSE8

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

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

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

This Day in History

     1675 - Catholic holy orders were conferred by Gabriel Diaz Vara Calderon, Bishop of Santiago de Cuba, on a visit to St. Augustine, Florida. Minor orders were conferred on seven candidates.
http://www.tfn.net/~mpna/prehistory.htm
http://www.oah.org/pubs/magazine/spanishfrontier/cowdrey-document.html
http://www.oah.org/pubs/magazine/spanishfrontier/mcewan.html
http://www.xxicentury.org/HCA/Tutorial/Tutorial_3.html
(see age of missions: )
http://www.vernonjohns.org/nonracists/jxfoundr.html
http://www.catholic-hierarchy.org/bishop/bdiazv.html
http://drbronsontours.com/staugustinetimeline.htm
    1676 - The first court-martial in a colony was held in Newport, Rhode Island by Governor Walter Clarke, Deputy Governor John Crayton and their assistant, Edmund Calvary, who was the attorney general. Quanpen, a Native American sachem, also known as Sowagonish, was found guilty of participation in King Philip’s War against the colonists and was ordered shot on August 26. Others who had participated in the war were sentenced to various penalties.
    1682 - The Duke of York awarded Englishman William Penn the three "lower counties" in the American colonies which later became the state of Delaware.
(Lower half of: http://memory.loc.gov/ammem/today/aug24.html )
http://www.williampenn.org/
    1718 - New Orleans was founded by French settlers from Canada and France. The Canadians generally brought their wives and families with them. French officers, however, usually younger sons of nobility, refused to marry below their rank, inspiring the plea of one of the early governors to France: “Send me wives for my Canadians, they are running in the woods after Indian girls.” Thus Cajuns were born. By the way, Creole means “native,” born in Louisiana and has nothing to do with race.  Cajun is an aberration of Acadian, from whence in Canada they came.
http://www.cajunculture.com/
    1781 - A small force of Pennsylvania militia was ambushed and overwhelmed by an American Indian group, which forced George Rogers Clark to abandon his attempt to attack Detroit.
    1814 - British forces invaded and raided Washington, DC for two days, burning the Capital, the president’s house and most other public buildings. President James Madison and other high US government officials fled to safety until British troops (not knowing the strength of their position as military is in disarray) departed the city two days later. They set the fires in retaliation for the American burning of the parliament building in York (Toronto), the capital of Upper Canada.
    1851 - The San Francisco Committee of Vigilance broke down the jailhouse doors, kidnapped the prisoners, and hanged Whittaker and McKenzie from the second story of the Committee's rooms. Sam Brannan addressed the crowd after the hangings.
    1853 - First potato chips prepared by Chef George Crum, Saratoga Springs, NY. Crum was a Native American/African-American chef at the Moon Lake Lodge resort in Saratoga Springs, New York, USA. French fries were popular at the restaurant and one day a diner complained that the fries were too thick. Although Crum made a thinner batch, the customer was sill unsatisfied. Crum finally made fries that were too thin to eat with a fork, hoping to annoy the extremely fussy customer. The customer, surprisingly enough, was happy - and potato chips were invented! Crum's chips were originally called Saratoga Chips and potato crunches. They were soon packaged and sold in New England.  Crum later opened his own restaurant. William Tappendon manufactured and marketed the chips in Cleveland, Ohio, in 1895. In the 1920s, the salesman Herman Lay sold potato chips to the southern USA (selling the chips from the trunk of his car). In 1926, Laura Scudder (who owned a potato chip factory in Monterey Park, California) invented a wax paper potato chip bag to keep the chips fresh and crunchy, making potato chips even more popular.
http://www.history.rochester.edu/Scientific_American/mystery/crum.htm
http://home.howstuffworks.com/question579.htm
    1857 – The Panic of 1857 hit the United States, setting off one of the most severe economic crises in United States history.  Caused by the declining international economy, over-expansion of the domestic economy, and because of the interconnectedness of the world economy by the 1850s, the financial crisis that began in late 1857 was the first world-wide economic crisis.  The sinking of the SS Central America contributed to the panic as New York banks were awaiting a much-needed shipment of gold. American banks did not recover until after the Civil War.  After the failure of Ohio Life Insurance and Trust Company, the financial panic quickly spread as businesses began to fail, the railroad industry experienced financial declines and hundreds of workers were laid off. 
http://memory.loc.gov/ammem/today/aug24.html
    1858 – The Richmond Daily Dispatch reported 90 blacks were arrested for learning.
    1862 - The C.S.S. Alabama was commissioned at sea off Portugal's Azore Islands, beginning a career that would see over 60 Union merchant vessels sunk or destroyed by the Confederate raider. The ship was built in secret in the Liverpool shipyards, and a diplomatic crisis between the US government and Britain ensued when the Union uncovered the ship's birth place.
    1869 - Cornelius Swarthout of Troy, NY, was issued a patent for a “waffle iron.”
    1886 - William Gibbs (d. 1967) was born in Philadelphia.  With his brother, they were among the major designers of World War II era warships and cargo vessels, including the Liberty ships. Gibbs was a pioneer in the areas of efficient hull design and propulsion, along with being a staunch advocate for high standards of fire prevention and hull integrity. Although the liberty ships were designed with a priority of production simplicity and economy, other Gibbs designs tended to be sturdy, light, fast, safe, and enduring.
    1887 – Harry Hooper (1887-1974) was born in Bell Station, CA.  Hooper played most of his 17 years with the Boston Red Sox and was inducted into the Baseball Hall of Fame in 1971.  With Duffy Lewis and Tris Speaker, they formed what many believe to be the greatest outfield in MLB history.
    1891 – Thomas Edison patented the motion picture camera
    1893 - Fire in the south of Chicago left 5,000 people homeless.
    1895 - Birthday of Carol Weiss King (1895-1952), attorney who specialized in outstanding legal briefs. Primarily a researcher, her briefs were argued by other attorneys before the U.S. Supreme Court in at least a dozen major cases that changed immigration laws and deportation regulations as well as the civil rights of those accused of criminal acts, such as the right of a fair trial before a fair jury in one of the Scottsboro Boys appeals.
    1904 – Wee Willie Keeler of the New York Highlanders hit two inside-the-park HRs, helping defeat the St. Louis Browns, 9-1 at Hilltop Park in New York.
    1906 - A cloudburst deluged Guinea, VA, with more than nine inches of rain in just forty minutes.
    1907 – Christy Mathewson pitched for the third day in a row, beating the Pirates, 7-4, allowing just one hit over the last six innings.
    1908 – The New York Giants played a doubleheader, sweeping the Pirates.  In what many believe to be among the first electronic transmissions of a Major League game, the doubleheader was watched in New York on electric diamonds known as "Compton's Baseball Bulletin" at Madison Square Garden and the Gotham Theatre. Bulletins displayed all remaining games.
    1909 - Sax player Paul Webster (1909-66) birthday in Kansas City, MO.  Jazz Trumpeter in Jimmy Lunceford's orchestra 1935-43 and with Cab Calloway 1944-52.
    1912 - Parcel post service was authorized. Previously the weight limit of mail had been four pounds. The rates of the parcel post service depended upon the weight of the package and the distance traveled. This was a boon to mail order catalogues and to people living in the rural areas.
    1912 – New York City threw one of its famed ticker tape parades to honor US Olympians from the 1912 Olympics, among them Jim Thorpe.
    1912 – Alaska became an organized territory of the US.
    1916 – 21 year-old Babe Ruth fired his 7th shutout of the season, a three-hitter that beat the Tigers.
    1925 - Birthday of pianist Louis Teicher (1924-2008) composer of Ferrante and Teicher fame, in Wilkes-Barre, Pa.
    1932 - Amelia Earhart became the first woman to fly across the U.S. non-stop, from Los Angeles to Newark.
    1932 - Charles H. Calhoun, Sr. and Jr., at the third hole of the Washington Golf Club, Washington, GA, while playing with a foursome, both shot a hole in one.     
    1936 – President Franklin Roosevelt authorized the FBI to pursue fascists and communists.
    1938 – Virgil “Fire” Trucks, future Major Leaguer, pitching for Andalusia of the Alabama-Florida League, struck out his 418th batter for the season, the record for organized baseball in the 20th century.
    1939 - Louis "Lepke" Buchalter, leader of Murder, Incorporated, turned himself in to New York City columnist Walter Winchell, who turned the underworld leader in to FBI Director J. Edgar Hoover.
    1943 - No. 1 Billboard Pop Hit:  “In the Blue of the Evening,” Tommy Dorsey Orchestra/Frank Sinatra.
    1944 – Germany’s Army by now has sustained 400,000 men killed, wounded or captured, plus 1,300 tanks, 1,500 artillery, and 3,500 aircraft destroyed.
    1945 - BACON, NICKY DANIEL, Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company B, 4th Battalion, 21st Infantry, 11th Infantry Brigade, Americal Division. Place and date: West of Tam Ky, Republic of Vietnam, 26 August 1968. Entered service at: Phoenix, Ariz. Born: 25 November 1945, Caraway, Ark. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. S/Sgt. Bacon distinguished himself while serving as a squad leader with the 1st Platoon, Company B, during an operation west of Tam Ky. When Company B came under fire from an enemy bunker line to the front, S/Sgt. Bacon quickly organized his men and led them forward in an assault. He advanced on a hostile bunker and destroyed it with grenades. As he did so, several fellow soldiers including the 1st Platoon leader, were struck by machine gun fire and fell wounded in an exposed position forward of the rest of the platoon. S/Sgt. Bacon immediately assumed command of the platoon and assaulted the hostile gun position, finally killing the enemy gun crew in a single-handed effort. When the 3d Platoon moved to S/Sgt. Bacon's location, its leader was also wounded. Without hesitation S/Sgt. Bacon took charge of the additional platoon and continued the fight. In the ensuing action he personally killed 4 more enemy soldiers and silenced an antitank weapon. Under his leadership and example, the members of both platoons accepted his authority without question. Continuing to ignore the intense hostile fire, he climbed up on the exposed deck of a tank and directed fire into the enemy position while several wounded men were evacuated. As a result of S/Sgt. Bacon's extraordinary efforts, his company was able to move forward, eliminate the enemy positions, and rescue the men trapped to the front. S/Sgt. Bacon's bravery at the risk of his life was in the highest traditions of the military service and reflects great credit upon himself, his unit, and the U.S. Army.
    1945 – Returning from combat in World War II, Cleveland’s Bob Feller attracted a home crowd of 46,477, who watched him strike out 12 and yield only four hits in a 4-2 win over Detroit’s ‘Prince’ Hal Newhouser. Feller had nine starts during the remainder of the year and his five wins will include a one-hitter and two 4-hitters. With the war now over, fans are clamoring for entertainment and it is clear Feller is still baseball's number one ticket seller.  
    1947 - Margaret Truman, daughter of U.S. President Harry S Truman, presented her first public concert. Margaret sang before 15,000 people at the Hollywood Bowl. The concert did not get great reviews. In fact, the critics didn’t like Margaret’s singing at all. And Margaret’s dad didn’t like the critics, and said so, from the White House.
    1949 - Birthday of American composer Stephen Paulus (1949-2014) in Summit, NJ.
http://profile.myspace.com/index.cfm?fuseaction=
user.viewprofile&friendid=122300973
    1949 – NATO was organized.
    1950 - President Harry Truman orders the Army to take over the railroads to stop a possible strike.
    1950 - Edith Spurlock Sampson (1898-1979), the first African-American delegate to the United Nations when she was appointed alternate delegate to the fifth General Assembly. Her first assignment, on September 28, 1950, was to the Social, Humanitarian and Cultural Committee.
http://www.aaregistry.com/african_american_history/399/
Edith_Sampson_was_a_steel_city_judge
    1950 - HANDRICH, MELVIN O., Medal of Honor
Rank and organization: Master Sergeant, U.S. Army, Company C, 5th Infantry Regiment. Place and date: Near Sobuk San Mountain, Korea, 25 and 26 August 1950. Entered service at: Manawa, Wis. Born: 26 January 1919, Manawa, Wis. G.O. No.: 60, 2 August 1951. Citation: M/Sgt. Handrich, Company C, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. His company was engaged in repulsing an estimated 150 enemy who were threatening to overrun its position. Near midnight on 25 August, a hostile group over 100 strong attempted to infiltrate the company perimeter. M/Sgt. Handrich, despite the heavy enemy fire, voluntarily left the comparative safety of the defensive area and moved to a forward position where he could direct mortar and artillery fire upon the advancing enemy. He remained at this post for 8 hours directing fire against the enemy who often approached to within 50 feet of his position. Again, on the morning of 26 August, another strong hostile force made an attempt to overrun the company's position. With complete disregard for his safety, M/Sgt. Handrich rose to his feet and from this exposed position fired his rifle and directed mortar and artillery fire on the attackers. At the peak of this action he observed elements of his company preparing to withdraw. He perilously made his way across fire-swept terrain to the defense area where, by example and forceful leadership, he reorganized the men to continue the fight. During the action M/Sgt. Handrich was severely wounded. Refusing to take cover or be evacuated, he returned to his forward position and continued to direct the company's fire. Later a determined enemy attack overran M/Sgt. Handrich's position and he was mortally wounded. When the position was retaken, over 70 enemy dead were counted in the area he had so intrepidly defended. M/Sgt. Handrich's sustained personal bravery, consummate courage, and gallant self-sacrifice reflect untold glory upon himself and the heroic traditions of the military service.
    1951 - Top Hits
“Too Young” - Nat King Cole
“Because of You” - Tony Bennett
“My Truly, Truly Fair” - Guy Mitchell
“Hey, Good Lookin’” - Hank Williams
    1951 - St. Louis Browns owner Bill Veeck, one of baseball’s greatest showmen, allowed fans attending a game against the Philadelphia Athletics to participate in the strategy decisions normally made by the team’s manager. More than 1,000 fans were given cards reading ”YES” and “NO” and were asked to vote on what the Browns should do at various points in the game. It worked; St. Louis won, 5-3. With iPads, Androids, and Wi-Fi, guess what Bill Veeck could do today.
    1951 – Returning from a demotion to the minors due to a severe lack of hitting, Mickey Mantle made his first appearance in a 2-0 Yankees win over the Indians.
    1954 – At the height of McCarthyism, President Eisenhower signed the Communist Control Act, outlawing the Communist Party.
    1956 - Little Richard plays the Cotton Club in Lubbock, TX, making an indelible impression on audience member Buddy Holly.
    1957 - The Dodgers use eight pitchers in one game tying a Major League record. Johnny Podres gives up three home runs in the third including Hank Aaron's first grand slam.
    1957 - No. 1 Billboard Pop Hit: “Tammy,” Debbie Reynolds. The song is featured in the film “Tammy and the Bachelor'' and is nominated for an Academy Award.
    1959 - A headline in Billboard reads, "Rock and Roll Ain't Ready For The Ol' Rockin' Chair Yet." The story says rock ‘n’ roll was losing popularity a year ago, but the record buyers now like Elvis Presley, Fats Domino and Lloyd Price along with newcomers, the Drifters, Everly Brothers and Ricky Nelson.
    1959 - Phil Phillips' "Sea Of Love" hits #2 on the pop charts.
    1959 - Top Hits
“The Three Bells” - The Browns
“Sea of Love” - Phil Phillips
“Lavender-Blue” - Sammy Turner
“Waterloo” - Stonewall Jackson
    1959 - The Browns, who were Jim Brown and his sisters Maxine and Bonnie, had the top tune in the US with "The Three Bells." The record is an English version of a French song originally titled "Les Trois Cloches," written in 1945.
    1959 – In what would eventually lead to construction of Shea Stadium, in Queens, New York City Parks Commissioner Robert Moses allocated $150,000 for a preliminary study on building a stadium.
    1959 - Hiram L Fong was sworn in as the first Chinese-American senator while Daniel K Inouye was sworn in as the first Japanese-American Representative, both from Hawaii.
    1960 - Birthday of Calvin Edward “Cal” Ripken, Jr., former baseball player, born Havre de Grace, MD. Ripken captured the hearts and attention of Major League fans in 1995 as he neared one of the most revered records in baseball – the 2,130 consecutive games played streak held by Lou Gehrig.  On September 6, 1995, Ripken played in his 2,131st consecutive game. The game, televised nationally, was held up for 22 minutes after the game became official in the 5th inning.  He was Rookie of the Year in 1982 and a 1983 World Series champion, all of his career having been played with the Baltimore Orioles.  Ripken is now very involved in the promotion of youth baseball, being the main sponsor of Cal Ripken Youth Baseball, an alternative to Little League Baseball, as well as running the Collegiate Summer Leagues, throughout the US.  He was inducted into the Baseball Hall of Fame in 2007.
    1961 - No. 1 Billboard Pop Hit: “Wooden Heart (Muss I Denn),” Joe Dowell. The song is a cover of a song Elvis Presley sang in the film “G.I. Blues.''
    1961 – Satchel Paige, well into his 50’s, signed with Portland of the PCL. In 25 innings for the Beavers, he will have a 2.88 ERA.
    1963 - Little Stevie Wonder is the first artist to make the Number One position on the pop single chart, the pop albums chart and the R&B singles chart all at one time. In fact, nobody had made the pop single and album charts at the same time. The music from "Wonder World" is the album, "The Twelve Year- Old-Genius" and the single, "Fingertips, Part Two."
    1963 - The Little League World Series is televised for the first time. With ABC's Wide World of Sports providing coverage of the championship game, Grenada Hills (CA) beats Stratford (CT), 2-1.
    1963 - After a couple of flop singles for smaller record companies, The Ronettes scored their only Top Ten hit with their first effort for Phil Spector, "Be My Baby." None of their other records, including "Baby I Love You," "The Best Part of Breaking Up," "Walking In the Rain" and "Is This What I Get for Loving You?" could crack the US Top 20.  In 2004, the song was ranked 22 by Rolling Stone in its list of The 500 Greatest Songs of All Time.  AllMusic wrote, "No less an authority than Brian Wilson has declared 'Be My Baby' the greatest pop record ever made—no arguments here.”  In 1999, it was inducted in the Grammy Hall of Fame, and in 2006, the Library of Congress honored the Ronettes' version by adding it to the US National Recording Registry. In 2017, Billboard named the song #1 on their list of 100 Greatest Girl Group Songs of All Time. 
    1963 - Darlene Love's biggest solo hit, "Wait Til' My Bobby Gets Home" enters the Billboard chart, where it will top out at #26. She had greater success when she sang for The Crystals, The Blossoms and Bob B. Soxx and The Blue Jeans.
    1964 - Taking him up on his telegram invitation to help out in any way he can in America, Beatles manager Brian Epstein meets Elvis Presley manager "Colonel" Tom Parker for the first time when they have lunch at the Beverly Hills Hotel.
    1964 - "Where Did Our Love Go?" by the Supremes topped the charts and stayed there for 2 weeks.
    1966 - The U.S. premiere of the motion picture “Help!,” starring The Beatles, was held for thousands of moviegoers wanting to see the group’s first, color, motion picture. Their first film, “A Hard Day’s Night,” had been produced in black and white.
    1967 - Patti Harrison convinces her husband George and the rest of the Beatles to attend a lecture at the Park Lane Hilton given by Maharishi Mahesh Yogi. They go and send a note to him requesting a private audience. In the meeting, the Beatles offer themselves as disciples. He accepts and invites them to an indoctrination course for spiritual regeneration two days later. They attend along with Mick Jagger and his girlfriend Marianne Faithfull. Brian Epstein is invited but declines. Afterwards, John Lennon compares the experience as "going somewhere without your trousers."
    1967 - Top Hits
“All You Need is Love” - The Beatles
“Pleasant Valley Sunday” - The Monkees
“Baby I Love You” - Aretha Franklin
“I’ll Never Find Another You” - Sonny James
    1967 - Big Brother and the Holding Company, Bo Diddley, Bukka White, and Salvation Army Banned at The San Francisco Avalon Ballroom
Original Poster by Bob Fried
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    1967 - Keith Moon, drummer for the Who, drives his Lincoln Continental (not a Rolls Royce, as is often thought), into the swimming pool at the Holiday Inn in Flint, MI to celebrate his 21st birthday, earning the entire band a lifetime ban from the chain.
    1967 - DAY, GEORGE E., Medal of Honor
Rank and organization: Colonel (then Major), U.S. Air Force, Forward Air Controller Pilot of an F-100 aircraft. Place and date: North Vietnam, 26 August 1967. Entered service at: Sioux City, Iowa. Born: 24 February 1925, Sioux City, Iowa. Citation: On 26 August 1967, Col. Day was forced to eject from his aircraft over North Vietnam when it was hit by ground fire. His right arm was broken in 3 places, and his left knee was badly sprained. He was immediately captured by hostile forces and taken to a prison camp where he was interrogated and severely tortured. After causing the guards to relax their vigilance, Col. Day escaped into the jungle and began the trek toward South Vietnam. Despite injuries inflicted by fragments of a bomb or rocket, he continued southward surviving only on a few berries and uncooked frogs. He successfully evaded enemy patrols and reached the Ben Hai River, where he encountered U.S. artillery barrages. With the aid of a bamboo log float, Col. Day swam across the river and entered the demilitarized zone. Due to delirium, he lost his sense of direction and wandered aimlessly for several days. After several unsuccessful attempts to signal U.S. aircraft, he was ambushed and recaptured by the Viet Cong, sustaining gunshot wounds to his left hand and thigh. He was returned to the prison from which he had escaped and later was moved to Hanoi after giving his captors false information to questions put before him. Physically, Col. Day was totally debilitated and unable to perform even the simplest task for himself. Despite his many injuries, he continued to offer maximum resistance. His personal bravery in the face of deadly enemy pressure was significant in saving the lives of fellow aviators who were still flying against the enemy. Col. Day's conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty are in keeping with the highest traditions of the U.S. Air Force and reflect great credit upon himself and the U.S. Armed Forces.
    1967 – Abbie Hoffman and the Yippies (Youth International party) temporarily disrupted trading at the NYSE by throwing dollar bills from the viewing gallery, causing trading to cease as brokers scrambled to grab them.
    1968 - Lightning struck the Crawford County fairgrounds in northwest Pennsylvania killing two persons and injuring 72 others.
    1968 - Steppenwolf's "Born To Be Wild" hits #2 on the pop chart.
    1969 - ANDERSON, RICHARD A., Medal of Honor
Rank and organization: Lance Corporal, U.S. Marine Corps, Company E, 3d Reconnaissance Battalion, 3d Marine Division. Place and date: Quang Tri Province, Republic of Vietnam, 24 August 1969. Entered service at: Houston, Tex. Born: 16 April 1948, Washington, D.C. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as an assistant team leader with Company E, in connection with combat operations against an armed enemy. While conducting a patrol during the early morning hours L/Cpl. Anderson's reconnaissance team came under a heavy volume of automatic weapons and machine gun fire from a numerically superior and well concealed enemy force. Although painfully wounded in both legs and knocked to the ground during the initial moments of the fierce fire fight, L/Cpl. Anderson assumed a prone position and continued to deliver intense suppressive fire in an attempt to repulse the attackers. Moments later he was wounded a second time by an enemy soldier who had approached to within 8 feet of the team's position. Undaunted, he continued to pour a relentless stream of fire at the assaulting unit, even while a companion was treating his leg wounds. Observing an enemy grenade land between himself and the other marine, L/Cpl. Anderson immediately rolled over and covered the lethal weapon with his body, absorbing the full effects of the detonation. By his indomitable courage, inspiring initiative, and selfless devotion to duty, L/Cpl. Anderson was instrumental in saving several marines from serious injury or possible death. His actions were in keeping with the highest traditions of the Marine Corps and of the U.S. Naval Service. He gallantly gave his life in the service of his country.
By virtue of an act of Congress approved 24 August 1921, the Medal of Honor, emblem of highest ideals and virtues is bestowed in the name of the Congress of the United States upon the unknown American, typifying the gallantry and intrepidity, at the risk of life above and beyond the call of duty, of our beloved heroes who made the supreme sacrifice in the World War. They died in order that others might live (293.8, A.G:O.) (War Department General Orders, No. 59, 13 Dec. 1921, sec. I).     
    1969 - Three-day Wild West Festival at Kezar Stadium in Golden Gate Park, San Francisco with Janis Joplin, Turk Murphy, Jefferson Airplane, the Dead, Country Joe, Santana, Sly and the Family Stone and the Youngbloods.
    1969 - Arlo Guthrie's movie, “Alice's Restaurant,” opens in New York and Los Angeles.
    1969 - John Lennon writes "Cold Turkey," a song about kicking his heroin addiction. He rehearsed the song all afternoon and recorded it that evening with the help of Ringo Starr and Klaus Voorman. When it was released, critics hated it and the BBC refused to play it, yet somehow it still made the UK Top 20 and the US Top 30.
    1970 - "Make It with You" by Bread topped the charts and stayed there for a week.
    1971 - Ernie Banks hits his final home run of his career as the Cubs beat the Reds, 5-4. Mr. Cub's 512th home run comes in the first inning off Jim McGlothlin.
    1971 - Illinois State Attorney Edward Hanrahan and 13 police officers and police officials are indicted on charges of conspiring to obstruct justice by attempting to thwart criminal prosecution of 8 Chicago patrolmen who raided the apartment of Fred Hampton. This follows August 21 when Panther George Jackson is killed in San Quentin prison during an abortive breakout attempt (three prisoners and three guards are killed in the attempt. Six prisoners are subsequently put on trial for the incident (Fleeta Drumgo, David Johnson, Hugo L.A. Pinell (Yogi), Luis Talamantez, Johnny Spain, and Willie Sundiata Tate). Spain was convicted of murder. The others were either acquitted or convicted of assault. In a side to this story: white attorney Stephen M. Bingham is officially charged with murder in deaths of 2 convicts and 3 guards at San Quentin. Bingham is charged with smuggling guns to George Jackson used in an August 21, 1971 San Quentin breakout attempt. Bingham subsequently flees the country, returning in 1984 to face charges. He was acquitted of murder and conspiracy in 1986.
http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2001/08/19/CM145760.DTL
    1973 - No. 1 Billboard Pop Hit:  “Brother Louie,” Stories.
    1974 - Santana's "Greatest Hits" LP enters the charts.
    1975 - Top Hits
“Fallin’ in Love” - Hamilton, Joe Frank & Reynolds
“One of These Nights” - Eagles
“Get Down Tonight” - K.C. & The Sunshine Band
“Rhinestone Cowboy” - Glen Campbell
    1975 - Los Angeles Dodger Davey Lopes set a Major League record when he stole his 38th consecutive base. It was in the 12th inning of a game against the Montreal Expos that Lopes got his famous steal. The Dodgers still lost in 14 innings, 5- 3.
    1978 - Bruce Springsteen appears on the cover of "Rolling Stone."
    1979 - The Cars perform at New York's Central Park for an audience of a half million people
    1981 - Mark David Chapman was sentenced from 20 years to life imprisonment for his self-admitted murder of former Beatle John Lennon.  In 2000, Chapman became eligible for parole, which has since been denied ten times.
    1985 - Huey Lewis and The News reached the top of the charts with "The Power of Love." The song spent 2 weeks at #1 on the Billboard Hot 100.
    1983 - Top Hits
“Every Breath You Take” - The Police
“Sweet Dreams (Are Made of This)” - Eurythmics
“She Works Hard for the Money” - Donna Summer
“Love Song” - The Oak Ridge Boys
    1983 – The Orioles’ Tippy Martinez picked off three runners in the 10th inning as the Blue Jays took long leads trying to take advantage of his new battery mate, Lenn Sakata, an infielder with no professional catching experience pressed into service behind the plate. The converted catcher got revenge as his three-run homer in the bottom of the frame won the game, 7-4.
    1985 - Dwight Gooden of the New York Mets became the youngest pitcher to win 20 games in a season. Gooden defeated the San Diego Padres, 9-3. He was 20 years, nine months and nine days old.
    1987 - Autumn-like weather prevailed across the north central and northeastern U.S. Seven cities reported record low temperatures for the date, including Saint Cloud, MN with a low of 37 degrees. Temperatures in Florida soared to 98 degrees at Pensacola and 99 degrees at Jacksonville. Thunderstorms produced heavy rain in the Southern High Plains Region, with 5.40 inches at Union, NM, and 7.25 inches reported west of Anthony, NM
    1987 - "Who's That Girl" by Madonna topped the charts and stayed there for a week
    1987 - Donny Osmond released "I'm In It For Love," his first single in 10 years. The record did not crack the Billboard Top 40, but Donny would be back with "Soldier of Love," which reached #2 in 1989.
    1989 - Pete Rose is banned from baseball for life by Commissioner Bart Giamatti for gambling, after weeks of legal wrangling.  Although the 5-page document signed by both parties includes no formal findings, Giamatti says that he considers Rose's acceptance of the ban to be a no-contest plea to the charges.  Rose was permitted to withdraw permanently from baseball rather than face further punishment.  Eight days later, Giamatti (b. 1938) died of a heart attack.   In 1991, the Baseball Hall of Fame formally voted to ban those on the "permanently ineligible" list from induction, after previously excluding such players by informal agreement among voters. After years of public denial, Rose admitted in 2004 that he bet on baseball and on the Reds.  The issue of Rose's possible reinstatement and election to the Hall of Fame remains contentious throughout baseball.  On June 22, 2015, ESPN concluded its own investigation of Rose and determined that he had bet on baseball while still a player–manager. The results of the investigation were made public and revealed the records of bets that Rose had made on baseball. U.S. federal authorities had seized the records from one of Rose's associates. Rose is the only person to be placed on the ineligible list by mutual agreement.
    1989 – Voyager 2, launched by NASA in 1977, reached the orbit of Neptune.
    1991 - Tom Petty and the Heartbreakers' "Learning to Fly" hits #28 on the pop singles chart.
    1991 - Top Hits
“(Everything I Do) I Do It for You” - Bryan Adams
“It Ain’t Over ’Til It’s Over” - Lanny Kravitz
“Fading Like a Flower (Every Time You Leave)” - Roxette
“You Know Me Better Than That” - George Strait
    1992 - "End of the Road (From Boomerang)" by Boyz II Men topped the charts and stayed there for 13 weeks.
    1992 – Hurricane Andrew, category 5, flattened Homestead, FL in one of the US’ worst.
    1996 - The New York Yankees dedicated a monument to the late Mickey Mantle at Monument Park in Yankee Stadium. The new monument joined three others honoring Babe Ruth, Lou Gehrig and Miller Huggins. Mantle died August 13, 1995.
    1999 - Mariner Ken Griffey Jr. joins Babe Ruth, Ralph Kiner, Duke Snider, Ernie Banks, Harmon Killebrew and Mark McGwire as the only players to hit 40 homers in four consecutive seasons.
    2006 – Hall of Famer Jerry Rice, according to ESPN, the greatest player in NFL history, officially retired after 21 years.
    2007 - Mark Lindsay of Paul Revere and the Raiders opens Mark Lindsay's Rock And Roll Cafe in his native Portland, OR.
    2008 - Scoring at least one run in every inning, Hawaii wins the Little League World Series beating Mexico, 12-3. To advance to the championship game, Waipahu scored six runs in the last inning (sixth), overcoming a four-run deficit, to beat Lake Charles, Louisiana in the semi-finals, 7-5.
    2011 – Suffering from the debilitating illness that would eventually take his life, Steve Jobs stepped down as Apple CEO in favor of Tim Cook.
    2012 – After his decision not to contest charges of doping by the US Anti-Doping Agency, Lance Armstrong learned the organization has banned him for life and recommended he be stripped of his seven Tour de France titles which were taken soon thereafter.  In a 2013 interview, Armstrong confessed that some of the allegations were true.   
    2012 -  A California state jury rules that Samsung owes Apple over $1 billion for patent infringement.
     2014 - A 6.0 magnitude earthquake struck Napa, CA, the largest earthquake to strike northern California since the 1989 Loma Prieta quake.