Wednesday, August 31, 2022
Today's Leasing News Headlines
Every Workplace Should Have an Emergency Puppy
Placard
New Hires/Promotions in the Leasing Business
and Related Industries
Leasing and Finance Industry Help Wanted
Vendor Sales Managers/Best Sales Technology
The Last Third: Make it Happen!
Sales Makes it Happen by Scott Wheeler, CLFP
The Richest Billionaire in Every State
Map with Billion Dollar Amount
What’s New with Fast-Food Drive-Thrus?
QSR Magazine Reports
ELFA Releases Online Dashboard for
2022 Survey of Equipment Finance Activity
Press Releases Received After Press Deadline
The CLFP Foundation Names Candace Reinhart, CLFP
2022 Cindy Spurdle Award of Excellence Winner
Shepherd/Hound
Chicago, Illinois Adopt-a-Dog
In Person Registration ends Sept. 4
SFNet's 78th Annual Convention Nov. 9-11, Austin, TX
Member Early Bird $1,650 Non-Member $1,740
News Briefs---
Credit scores still sit at all-time high, despite some
‘deterioration’ in how Americans are faring financially
Job openings top 11.2 million in July, well above
estimate and nearly double the available workers
Elon Musk says whistleblower’s testimony gives him
more reasons to dump Twitter deal
U.S. Army Grounds Entire Fleet of Chinook Helicopters
Flights of the workhorse choppers are halted due to engine fires
Even the Crying CEO Thinks You’re Sharing Too Much on LinkedIn
Conversations on the professional social network are getting more personal
You May Have Missed ---
Inside the Elite, Underpaid, and Weird World of Crossword Writers
Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen
Sports Brief----
California Nuts Brief---
"Gimme that wine"
This Day in History
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
Wordle
######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.
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New Hires/Promotions in the Leasing Business
and Related Industries
Jeff Barry was hired as Vice President, Wintrust Commercial Finance, Chicago, Illinois. He is located in Palos Heights, Illinois. Previously, he was Vice President of Sales at Mitsubishi UFJ Lease and Finance (U.S.A.), Chicago, Illinois; Senior Vice President of Sales, Bank of America (August, 2015 - April, 2021); Senior Vice President of Sales, ATEL Capital Group (June, 2015 - August, 2016); Vice President, Equipment Finance, BBVA Compass (April, 2013 - June, 2015); Owner, Ravioli Oli (March, 2012 - April, 2012); Vice President, Large Corporate Finance, PNC (April, 2005 - March, 2012); District Marketing Manager, ICX Corporation (October, 1998 - April, 2005); Account Executive, MetLife Capital Corporation (1995 - 1998).
https://www.linkedin.com/in/jeff-barry-b8b61813/
Justin Berard, CLFP, was hired was hired as Vice President of Sales, Ascentium Capital, Kingwood, Texas. He is located at the Irvine, California branch. He is located in Laguna Hills, California. Previously, he was as Vice President of Sales, Navitas Credit Corporation (March, 2020 - August, 2022); Senior Account Manager, Amur Equipment Finance (February, 2017 - March, 2020); Vice President, Sales, Ascentium Capital (April, 2014 - February, 2017; National Account Manager, Partners Capital Group (July, 2009 - April, 2014). Education: Saddleback College.
https://www.linkedin.com/in/justin-berard-08716415/
John Gougeon was hired as Director, Asset Management, SLR Equipment Finance, Wilton, Connecticut. He is located in Sterling Heights, Michigan. Previously, he was at Bank of America Merrill Lynch, starting January, 2019, Senior Vice President, promoted January, 2019, Senior Vice President, Corporate Valuations. Prior, he was at Bank of America, starting January, 2015, Senior Vice President, promoted February, 3016, Vice President, Asset Management. National Accounts Manager, IronPlanet (January, 2007 - February, 2015); Vice President, Asset Management, USXL. For his full bio, go to:
https://www.linkedin.com/in/john-gougeon-76a7455/
Scott Hoover was hired as Regional Sales Manager, Balboa Capital, Costa Mesa, California. Previously, he was Vice President Sales and Strategic Partnerships, Alliance Funding Group (January, 2021 - August, 2022); Senior Relationship Manger, Mechanics Bank (November, 2018 - December, 2020).
https://www.linkedin.com/in/scotthooverbdo/
Daniel J. Krajewski was hired as Executive Vice President, Equify Financial, LLC., Newport Beach, California. Previously, he was President and CEO, Sertant Capital, LLC (November, 2016 - July, 2022); Senior Vice President, Banc of California (September, 2014 - October, 2016); Vice President, Direct Capital Corporation (September, 2011 - July, 2014). For full bio, go to
https://www.linkedin.com/in/daniel-j-krajewski-52aa4411/
Bradon Marshall was hired as National Sales Director, Wallwork Financial, Fargo, North Dakota. He is located in Cuero, Texas. Previously, he was at Quality Leasing Co., starting October, 2018, Senior Leasing Consultant, promoted June, 2021, Sales Manager. He began his career at C.H. Brown Co., Equipment Finance, starting June, 2014, National Account Manager, promoted President, October, 2017.
https://www.linkedin.com/in/bradon-marshall-ba04a3151/
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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support/Work
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The Last Third: Make it Happen!
Sales Makes it Happen by Scott Wheeler, CLFP
The most exciting portion of any basketball game is the last two minutes. The most exciting portion of any football game is the last quarter. The most exciting portion of any baseball game is the last two innings.
For originators in the commercial equipment finance and leasing industry the most exciting, and usually most productive, period is the last third of the year (September through December). This does not mean that the first eight months are inconsequential. The first eight months help to set up the last third of the year; every month counts in the life of an originator. The last third of 2022 starts this week. Are you prepared for the excitement and production that is about to begin?
- Review your pipeline and rank the probability of each transaction and relationship closing. Allocate your resources appropriately.
- Solidify your key relationships to ensure alignment. Are your key relationships up to date on your current capabilities? Have you set expectations and verified commitments? (i.e. Both XYZ vendor and I have agreed that our joint expectation is to fund $x millions of dollars of equipment for their clients in the last third of 2022.)
- Complete any major objectives for 2022 which have yet to be realized. What actions are being taken now to ensure their completion? Create a 30-60-90-day plan with specific actions and timelines to ensure these projects are completed.
- Make yourself accountable to success. Exceed your annual goals by being committed to the process. Eliminate distractions and unnecessary noise - focus on those actions which will maximize production and set up a great beginning to 2023.
On your mark...Get set...Go! Enjoy the excitement of the last third of 2022.
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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click image to view larger
Full Article:
https://www.visualcapitalist.com/mapped-the-wealthiest-billionaire-in-each-u-s-state-in-2022/
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What’s New with Fast-Food Drive-Thrus?
QSR Magazine Reports
Ninety percent of new store growth going forward for Starbucks
will feature drive-thrus.
The quick-service restaurant industry is witnessing yet another revolutionary trend as employee wages increase and consumers utilize drive-thrus and pickup options. A speedy drive-thru can be a competitive advantage, and operators are taking notice. As such, quick-service restaurants are swift to implement more profitable systems, including tech innovations, modular builds, or relocating business operations from expensive coastal markets with high rents and wages, unemployment benefits, and lack of willing workers.
Before the pandemic, drive-thru orders accounted for 75 percent of quick-service business. The prospect of generating another 75 percent of revenue by adding another drive-thru is appealing to operators facing eight percent inflation, rising labor costs, a shortage of employees, and increasing interest rates.
A significant concept taking off is modular drive-thrus, which are fully adaptable, custom-designed drive-thrus that are built to fit an existing structure. These modular designs can be made with different lane widths, boast quick installation, and can be built out in six to eight weeks, compared to six to eight months for a traditional build-out, according to Humdinner, Inc., a modular kitchen, dining, and drive-thru manufacturer.
The idea behind modular drive-thrus is the ability to double or triple an establishment’s revenue without building a whole new restaurant. Further, modular builds are often created in a large indoor facility without the labor, contractor, or skilled trade issues saving operators capital and allowing for ease of relocation to save on rental expenses while boosting store performance.
Full Article:
https://www.qsrmagazine.com/outside-insights/whats-new-fast-food-drive-thrus
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##### Press Release ############################
ELFA Releases Online Dashboard for
2022 Survey of Equipment Finance Activity
Washington, DC,—The Equipment Leasing and Finance Association has released the 2022 Interactive SEFA Dashboard, an online tool featuring highlights from the Survey of Equipment Finance Activity (SEFA). This free resource allows ELFA members to quickly and easily connect to critical business intelligence for the nearly $1 trillion equipment finance industry.
The Interactive SEFA Dashboard features key findings from the SEFA—the most important source of statistical information available on the equipment finance sector—dating back to 2006. The benchmarks include such data as:
- New business volume growth
- Headcount
- Yield/spread/costs of funds
- Financial ratios
- Assets under management
- Delinquencies and losses
- New business volume by state
In just a few clicks, users can query the data by all of these metrics and more. The user-friendly platform makes it easy to segment the data by year, type of organization, market segment, size of organization and business model. Users can select categories, add filters and drill down into specific information.
Get Started with the Interactive SEFA Dashboard
ELFA members may access the Dashboard at www.elfaonline.org/interactiveSEFADemo. This page includes a link to search the Dashboard, as well as video tutorials from members of the ELFA Research Committee, including:
- How to Access the Interactive SEFA Dashboard
- Interactive SEFA Dashboard Demo
- Why I Use the Interactive SEFA Dashboard
For more information or to request a demo, please contact Bill Choi, VP of Research & Industry Services, at bchoi@elfaonline.org. The Interactive SEFA Dashboard is part of the Knowledge Hub, ELFA's source for business intelligence on the equipment finance industry.
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Press Releases Received After Press Deadline
##### Press Release #############################
The CLFP Foundation Names Candace Reinhart, CLFP
The 2022 Cindy Spurdle Award of Excellence Winner
The CLFP Foundation, the foundation dedicated to building a better commercial equipment leasing and finance industry by helping its individuals achieve exceptional standards of professional conduct and technical expertise, has named Candace Reinhart, CLFP, COO/CXO at CoreTech Leasing, the 2022 Cindy Spurdle Award of Excellence Winner.
The Cindy Spurdle Award was created in 2012 to acknowledge the CLFP who has contributed the most to the industry and best represents the CLFP ideals for the year. Nominees are submitted by the CLFP membership, and the final award candidate is voted upon by the entire CLFP Board of Directors.
“I am overwhelmed at the thought that I could be the 2022 Cindy Spurdle Award of Excellence recipient, especially among a group of such remarkable and well deserving CLFPs,” says Candace Reinhart, CLFP. “To join the previous ten award winners is an incredible honor.”
From the very beginning of her career in the commercial equipment leasing and finance industry, Candace has deliberately set her sights on raising the bar on industry ethics and standards. Reinhart has been a member of the CLFP Foundation board of directors since 2021, and currently serves as the Executive Committee Secretary. She has taught future CLFP designees in the Academy for Lease & Finance Professionals for the last 5 years and has sat on the ELFA Ops and Tech Committee since 2018.
“I cannot express my gratitude enough to the Foundation, the board of directors, and in particular, Reid Raykovich and Deb Ruben — two women who have been an inspiration to me with their passion for positive impact on an industry we all love,” says Reinhart. “To those considering the path to this esteemed designation, I encourage you to take the leap. The principles of the CLFP Foundation, coupled with this quickly growing member group, provide an encouraging look into what positive work we can do together. CLFP brings unparalleled knowledge, ongoing education, and a mission for exceptional standards and expertise. “
"Having CLFP experts on our team enables CoreTech to carry out our mission by keeping our clients’ interests at our core," says Scott McFetters, Founder and President of CoreTech Leasing. "With their combined expertise and our team's commitment to unparalleled service and responsiveness, we can truly educate our clients through a culture of trust and shared knowledge to guarantee value at every touchpoint."
### Press Release #####################
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Shepherd/Hound
Chicago, Illinois Adopt-a-Dog
Leah
Female
2 Years old
66.1 lbs.
Foster Home Location
This gentle giant is a hound in a Rottweiler body — right down to her love of food. Food is one of her main motivators, which makes her eager to train. (She’s a quick learner!) Leah loves people and craves attention from new friends, but she also enjoys people-watching from a perch at the window. She’s a night owl, waking up slowly and finding her energy in the evening. She is always willing to trade cuddles and tail wags for a chance to nap in a comfy lap.
Are you Leah’s loving home? You might be if you have no kids or older kids, a calm house and no other pets.
PAWS Chicago
1997 N. Clybourn Avenue
Chicago, IL. 60614
(773) 935-7297
https://www.pawschicago.org
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In Person Registration ends Until Sept. 4
SFNet's 78th Annual Convention Nov. 9-11, Austin, TX
Member Early Bird $1,650 Non-Member $1,740
Note: Join as Corporate Member and Save:
https://www.sfnet.com/home/membership/join-sfnet/join-now-form
Non-Member until Sept. 4 $2,996/Sept. 5 $2,995
In the last three years , have had a world-wide pandemic, a frenetic return to some form of normlaty despite supply chain dislocation, and then a war which has caused significant global disruption to energy and commodities accompanied by spiraling inflation and interest rates. SFNet’s 78th Annual Convention, Mastering Disruption—Putting Capital to Work in the New Global Environment, is a must-attend event with a global line up of speakers and panels who will help you unpack the uncertainty and give you the tools to thrive in these unsettled times.
This unparalleled convention combines critical insights/education (through general sessions, roundtables, and topic-specific breakouts) with intimate social and networking events (from golf, to 5K run/walk, to receptions) and deal-making opportunities.
Industry leaders will explore topics including the future of energy, rebuilding the supply chain, trade finance, inflation and Fed rate hikes, ESG, DEI, issues of fraud, and regulatory developments around the globe. We have also programmed specific activities for young professionals to further immerse themselves in the industry.
During the Board of Directors reception, we will induct our 2022 Lifetime Achievement Award winners into the SFNet Hall of Fame.
We invite you to explore our Agenda (more details coming soon), the venue and our registration pricing, then start making plans to join your peers Nov. 9-11 in Austin.
We encourage you to share the details above and this link with your network: https://www.sfnet.com/home/78th-annual-convention/
Agenda:
https://www.sfnet.com/home/78th-annual-convention/agenda
Venue:
https://www.sfnet.com/home/78th-annual-convention/agenda
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This Day in History
1708 - Haverhill, Mass., was destroyed by French and Indians.
1758 - New Jersey Legislature formed the first Indian reservation at, oddly enough, Indian Mills, NJ…that’s right, New Jersey!!
1776 - General George Washington retreated during the night from Long Island to New York City, withdrawing from Manhattan to Westchester.
1786 - Shays’ Rebellion: Daniel Shays, veteran of the battles of Lexington, Bunker Hill, Ticonderoga and Saratoga, was one of the leaders of more than 1,000 rebels who sought redress of grievances during the depression days of 1786—87. He began organizing his followers with speeches this day. They prevented general court sessions and on Sept 26, they prevented Supreme Court sessions at Springfield, MA. On Jan 25, 1787, with 1100 men, they attacked the federal arsenal at Springfield; Feb 2, Shays’ troops were routed and fled. Shays was sentenced to death but pardoned June 13, 1788. The uprising had been caused by the harsh economic conditions faced by Massachusetts farmers, who sought reforms and the issuance of paper money. Shays later received a small pension for services in the American Revolution.
1809 - Birthday of Oliver Wendell Holmes (d. 1894), physician and author, father of Supreme Court justice Oliver Wendell Holmes, at Cambridge, MA. “A moment’s insight,” he wrote, “is sometimes worth a life’s experience.”
http://www.arlingtoncemetery.com/owholmes.htm
http://www.eldritchpress.org/owh/owhhes.html
1811 – Birthday of Henry Bergh (d. 1888), founder of the ASPCA, in NYC. He was President Lincoln’s ambassador to Russia when the severe climate forced him home. On returning to the United States, Bergh resolved to work on behalf of animal welfare. Alone, in the face of indifference, opposition, and ridicule, he began working as a speaker and lecturer, but most of all in the street and the courtroom, and before the legislature. The legislature passed the laws prepared by him, and on 10 April 1866, the ASPCA was legally organized, with Bergh as president.
1815 - Anna Ella Carroll’s (d. 1894) birthday, near Pokomoke City, MD. Writer and publicist for Union causes during the Civil War. She is best known for her pamphlet which outlined the proposition that the Southern states would resume their original places in the United States once the rebellion of the Civil War was over, precisely the course adopted by Abraham Lincoln in superseding Congress in the conduct of the war. She is credited with the plan to invade the South along the Tennessee River. Her tombstone reads "Maryland's Most Distinguished Lady." However, she died financially poor and anonymous in 1894.
http://www.mdarchives.state.md.us/msa/educ/exhibits/womenshall/html/carroll.html
http://nabbhistory.salisbury.edu/
http://www.amazon.com/exec/obidos/external-search/103-5362656-4423850?tag=fast-b
kasin00-20&keyword=Anna%20Ella%20Carroll&mode=books
1817 - The first “abolition” newspaper was “The Philanthropist,” published and edited by Charles Osborn, which appeared in Mount Pleasant, OH. It published “An Appeal to Philanthropists” by Benjamin Lundy, which is said by some to be the most powerful abolition appeal ever made.
1831 – Michael Faraday discovers electromagnetic induction. Although Faraday received little formal education, he was one of the most influential scientists in history. It was by his research on the magnetic field around a conductor carrying a direct current that Faraday established the basis for the concept of the electromagnetic field in physics. Faraday also established that magnetism could affect rays of light and that there was an underlying relationship between the two phenomena. It was largely due to his efforts that electricity became practical for use in technology. As a chemist, Faraday discovered benzene, investigated chlorine, invented an early form of the Bunsen burner and the system of oxidation numbers, and popularized terminology such as anode, cathode, electrode, and ion.
1839 - In January, 53 Africans were seized near modern-day Sierra Leone, taken to Cuba and sold as slaves. While being transferred to another part of the island on the ship Amistad, led by the African, Cinque, they seized control of the ship, telling the crew to take them back to Africa. However, the crew secretly changed course and the ship landed at Long Island, NY, where it and its ‘cargo’ were seized as salvage this day. The Amistad was towed to New Haven, CT where the Africans were imprisoned and a lengthy legal battle began to determine if they were property to be returned to Cuba or free men. John Quincy Adams took their case all the way to the Supreme Court, where on Mar 9, 1841, it was determined that they were free and could return to Africa.
1852 - The Latter Day Saints first published their doctrine of "celestial marriage," popularly known as polygamy. The Mormon Church maintained this teaching until the Manifest of 1890 (and later Congressional legislation) outlawed the practice.
1861 - The first Confederate forts to surrender in the Civil War were Fort Clark and Fort Hatteras on Hatteras Island, NC, guarding Pamlico Sound. They surrendered to Flag Officer Silas H. Stringham and General Benjamin Franklin Butler, who had captured the garrison with 715 men, 31 heavy guns, and 1,000 stands of arms.
1862 - (29th-30th) At the second Battle of Bull Run, the maneuvers of General Stonewall Jackson and his teamwork with General Robert E. Lee were too much for the 45,000 Union troops under General John Pope, who broke and retreated to Washington, DC. Union losses were 1724 killed, 8372 wounded, 5958 missing. Confederate losses stood at 1481 killed, 7627 wounded, 89 missing.
http://www.infoplease.com/ce6/history/A0857066.html
http://www.infoplease.com/ce6/people/A0839705.html
http://www.amazon.com/exec/obidos/ASIN/0252023633/jimbo2/104-1979401-1205565
1869 – The Mount Washington Cog Railway opens in New Hampshire, making it the world's first rack railway. The railway is still in operation, climbing Mt. Washington.
1896 - History records chop suey was concocted in New York City by the chef of Chinese Ambassador Li Hung-Chang, who devised the dish to appeal to both American and Asian tastes. Chop suey was unknown in China at the time.
1898 – The Goodyear Tire & Rubber Company was founded.
1904 - Third modern Olympic Games open in St Louis. These Games were originally scheduled for Chicago. However, President Theodore Roosevelt intervened on behalf of St. Louis so that the Games would be in conjunction with the Louisiana Purchase Exhibition. Again the Games were upstaged, this time by the St. Louis World’s Fair, and critics believed this would kill the fourth Olympics from taking place. The marathon included the first two Africans to compete in the Olympics – two Zulu tribesman named Lentauw (real name: Len Taunyane) and Yamasani (real name: Jan Mashiani). They wore bibs 35 and 36, respectively.
The only problem was that these two tribesmen were not in town to compete in the Olympics – they were actually the sideshow! Yes, they were imported by the exposition as part of the Boer War exhibit (both were really students at Orange Free State in South Africa, but no one wanted to believe that these tribesmen could actually be educated – it would have ruined the whole image). Lentauw finished ninth and Yamasani came in twelfth. This was a disappointment, as many observers were sure Lentauw could have done better – that is if he had not been chased nearly a mile off course by a large, aggressive canine!
The marathon was over, but there is still one more little story to go along with this: It seems that two of the patrolling officials driving in a brand-new automobile were forced to swerve to avoid hitting one of the runners – they ended up going down an embankment and were severely injured.
In the end, the St. Louis Olympics (along with the previous Paris games) proved to be such a disaster that the Olympic Committee was forced to hold interim Olympic Games in 1906 at Athens, in an attempt to revive the flagging Olympic movement. These games were not numbered, but were attended by twenty countries and put the Olympics back on a steady course to success. An interesting useless side note: Iced tea made its debut at the 1904 Exposition. It seems that it was so hot during the Expo that the staff at the Far East Tea House couldn’t even give away their product.
1911 – Ishi, considered the last Native American to make contact with European Americans, emerges from the wilderness of northeastern California…and he had no statement on the name of Washington’s NFL team!!
1915 – The US Navy raises F-4, the first U.S. submarine sunk in an accident.
1915 – Birthday of actress Ingrid Bergman (d. 1982) at Stockholm, Sweden. She won three Academy Awards, two Emmy Awards, four Golden Globes, and the Tony Award for Best Actress. She is ranked as the fourth greatest female star of American cinema of all time by the American Film Institute. She is best remembered for her roles as Ilsa Lund in “Casablanca” (1942), co-starring Humphrey Bogart, and as Alicia Huberman in “Notorious” (1946), an Alfred Hitchcock thriller co-starring Cary Grant.
1916 – US passes the Philippine Autonomy Act.
1917 – Weezie’s birthday: Actress Isabel Sanford (d. 2009) was born in Harlem, NYC. Lead role in “The Jeffersons,” in 1981, she became the first African-American actress to win a Primetime Emmy Award for Outstanding Lead Actress in a Comedy Series.
1920 - Birthday of Charlie Parker (d. 1955), Kansas City, MO. Clint Eastwood made a movie about his life. Known as “The Bird,” he and Dizzy Gillespie, trumpet player extraordinaire and great showman, are credited with “inventing” the style “Be-Bop.” Definitely way ahead of his time, and quite melodic (his record albums with strings from 1947 to 1952 produced by Norman Granz are jazz classics). There is controversy on how he got his name. Some say it was from sitting in the backyard of “speakeasies” in Kansas City, Kansas, where he was raised, fingering his alto sax. Others say it was his love of chicken. He was addicted to Heroin, as many of the “Be-Bop” players were. The movie “The Man with the Golden Arm” was a take-off of his life, not Chet Baker, according to the writer of the movie. He was taken to Camarillo for the Insane, where he kicked the habit, for a short time. The club Birdland in Manhattan was named after him. It is told one of his ideas to make the club more profitable was to have a Country and Western band come and play during the breaks. Parker was a profound influence upon Miles Davis, who started playing with his band at the age of 17.
http://www.kcpl.lib.mo.us/sc/bio/parker.htm
http://www.geocities.com/BourbonStreet/5066/
http://www.changingtones.com/trmpt02.html
http://www.bigmagic.com/pages/blackj/column4.html
http://www.downbeat.com/artists/window.asp?action=new&aid=117&aname=Charlie+Parker
http://www.charlieparkerresidence.net/
1921 – Birthday of Wendell Scott (d. 1990), at Danville, VA. Auto racer and the first black stock-car driver. He is the only black driver to win a race in what is now the Sprint Cup Series. NASCAR champion 12-1-63: won race but because of racial tensions did not receive honor until Jan. 1964 when NASCAR officials admitted the flagman’s intentional error. The film “Greased Lightning,” starring Richard Pryor as Scott, was loosely based on Scott's biography.
1922 - New Orleans Rhythm Kings cut first records for Gennett.
1922 –The first radio advertisement is aired on WEAF-AM in NYC
1924 – Birthday of singer Dinah Washington (d. 1963), born Ruth Lee Jones, Detroit, Michigan. Her hits include: “What A Diff’rence a Day Makes,” “It Could Happen to You,” “Our Love is Here to Stay,” “For All We Know,” “Baby [You’ve Got What It Takes],” “A Rockin’ Good Way [To Mess Around and Fall in Love],” “Baby Get Lost,” “This Bitter Earth;” w/Lionel Hampton band [1943-46].
http://www.ddg.com/LIS/InfoDesignF96/Ismael/jazz/1950/Washington.html
http://www.rockhall.com/hof/inductee.asp?id=207
1936 – Incumbent Arizona Senator John McCain was born in the Panama Canal Zone, where his father was stationed. At the time, the Canal was under US control. McCain graduated from the US Naval Academy in 1958 and began his naval career at Pensacola where he began his aviation training. On a mission during the Vietnam War, he was captured on October 26, 1967 when his plane was shot down by a missile over Hanoi. McCain fractured both arms and a leg ejecting from the aircraft, and nearly drowned when he parachuted into a lake. Some North Vietnamese pulled him ashore, then others crushed his shoulder with a rifle butt and bayoneted him. Although McCain was badly wounded, his captors refused to treat his injuries, beating and interrogating him to get information; he was given medical care only when the North Vietnamese discovered that his father was a top admiral. He was released on March 14, 1973. After retiring in 1981, he began his political career by running and winning a seat in Congress from Arizona’s First District. Upon being skewered in the press for being a carpetbagger, McCain responded, “…Listen, pal. I spent 22 years in the Navy. My father was in the Navy. My grandfather was in the Navy. We in the military service tend to move a lot. We have to live in all parts of the country, all parts of the world. I wish I could have had the luxury, like you, of growing up and living and spending my entire life in a nice place like the First District of Arizona, but I was doing other things. As a matter of fact, when I think about it now, the place I lived longest in my life was Hanoi.” His Senate career began in 1987 where he has been a leader and he has run for President twice.
1938 – Elliott Gould’s birthday in Brooklyn, NY. Aside from becoming Barbra Streisand’s first husband, Gould has had a decent career in movies. Among them: “M*A*S*H,” “Bob and Carol and Ted and Alice,” “Oceans 12,” “Oceans 13.”
1939 - A typical day at the Graham dairy farm in Georgetown, North Carolina.
http://memory.loc.gov/ammem/today/aug29.html
1940 – Former Reagan Press Secretary James Brady (d. 2014) was born in Centralia, IL. Brady was wounded severely in the 1981 assassination attempt on President Reagan in Washington, DC, suffering permanent brain damage. The resulting gun legislation bears his name as the Brady Bill.
1943 – Blood, Sweat, and Tears pianist Dick Halligan born, Troy, NY.
1944 - For the sake of diplomacy, Paris was liberated on August 25, when the German commander General Dietrich von Choltiz surrendered to French General Jacques-Phillipe Leclerc. 15,000 American troops taking part in the liberation marched down Champs Elysees.
1944 - McVElGH, JOHN J., Medal of Honor.
Rank and organization: Sergeant, U.S. Army, Company H, 23d Infantry, 2d Infantry Division. Place and date: Near Brest, France, 29 August 1944. Entered service at: Philadelphia, Pa. Birth: Philadelphia, Pa. G.O. No.: 24, 6 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of his life above and beyond the call of duty near Brest, France, on 29 August 1944. Shortly after dusk an enemy counterattack of platoon strength was launched against 1 platoon of Company G, 23d Infantry. Since the Company G platoon was not dug in and had just begun to assume defensive positions along a hedge, part of the line sagged momentarily under heavy fire from small arms and 2 flak guns, leaving a section of heavy machineguns holding a wide frontage without rifle protection. The enemy drive moved so swiftly that German riflemen were soon almost on top of 1 machinegun position. Sgt. McVeigh, heedless of a tremendous amount of small arms and flak fire directed toward him, stood up in full view of the enemy and directed the fire of his squad on the attacking Germans until his position was almost overrun. He then drew his trench knife. and single-handed charged several of the enemy. In a savage hand-to-hand struggle, Sgt. McVeigh killed 1 German with the knife, his only weapon, and was advancing on 3 more of the enemy when he was shot down and killed with small arms fire at pointblank range. Sgt. McVeigh's heroic act allowed the 2 remaining men in his squad to concentrate their machinegun fire on the attacking enemy and then turn their weapons on the 3 Germans in the road, killing all 3. Fire from this machinegun and the other gun of the section was almost entirely responsible for stopping this enemy assault, and allowed the rifle platoon to which it was attached time to reorganize, assume positions on and hold the high ground gained during the day.
1945 - Wyomia Tyus’ birthday, Griffin, GA. U.S. sprinter who was the first person to win Olympic gold medals in back-to-back competitions: the 100m dash in 1964 and in 1968, setting a new world's record the second time.
http://search.eb.com/blackhistory/micro/610/19.html
1946 – One of the battleships damaged at Pearl Harbor, USS Nevada, was decommissioned by the US Navy.
1948 - In St. Louis, Jackie Robinson hits for the cycle, drives in two runs, scores three times and steals a base helping the Dodgers to beat the Cardinals, 12-7.
1953 - Birthday of American composer William Copper, Lyndhurst, Virginia.
1954 - Birthday of Flora “Flo” Hyman (d. 1985), volleyball player, born at Inglewood, CA. Hyman stood 6’5” and was regarded as the best player in the US, starring on the 1984 Olympic team that won the silver medal. She suffered from Morfan’s syndrome, a hidden congenital aorta disorder.
http://sportsillustrated.cnn.com/siforwomen/top_100/69/
1954 - San Francisco International Airport (SFO) opens. It has been continually “under construction” since this date. San Francisco has had at least three airports within the city limits during the twentieth century. Crissy Field at the Presidio dates from World War I, the Marina Flying Field from 1915, and the late 1930s saw development of the Seaplane Harbor at Treasure Island. Ingleside racetrack was also used for aviation purposes in the early part of the twentieth century. Commercial and general aviation ultimately moved to Mills Field in San Mateo County in the 1930s, which originally was temporary as the originally international airport was to be built on Treasure Island. Crissy Field at the Presidio was the last airport within the city, and ended limited operations in the 1980s.
http://www.sfmuseum.org/hist/airport.html
http://www.sfmuseum.org/hist2/airfield.html
http://www.san-francisco-sfo.com/
http://www.worldairportguide.com/Airports/sfo/sfo.asp
1956 - Top Hits
“My Prayer” - The Platters
“Hound Dog/Don’t Be Cruel” - Elvis Presley
“Allegheny Moon” - Patti Page
“I Walk the Line” - Johnny Cash
1958 - Air Force Academy moved from Denver to its present site in Colorado Springs, Colorado.
1958 – Birthday of singer/dancer Michael (Joe) Jackson (d. 2009), the ‘King of Pop’, Gary, Indiana. Joined the family act, The Jackson Five, in 1964 and started his solo career in 1971. “I Want You Back,” “ABC,” “The Love You Save,” “ I’ll Be There,” solo: Ben; Grammy Award: Don’t Stop ’Til You Get Enough [1979]; 5 Grammy Awards in 1983: “Thriller,” ”Billie Jean,” “E.T.: The Extra-Terrestrial;” 2 in 1984: ”Beat It”; another in 1985 [w/Lionel Richie]: “We are the World”); 1989 Best Music Video/Short Form Grammy: “Leave Me Alone”; “The Legend,” Award Grammy; “The Girl is Mine”, “Stay, Stay, Stay” [w/Paul McCartney], “I Just Can’t Stop Loving You” [w/Siedah Garrett], Rock with You, Bad, Smooth Criminal, Ease on Down the Road [w/Diana Ross - from Broadway’s The Wiz]; Captain Eo in Epcot Center’s multimedia show; married and divorced Lisa Marie Presley; inducted into Rock and Roll Hall of Fame Mar 19, 2001. Died from an overdose after cardiac arrest in June 25, 2009.
1958 - Alan Freed's "Big Beat Show" opens at the Fox Theatre in Brooklyn. The usual venue, The Paramount, is vacated because management didn't like the fact there was a riot after Freed's Boston concert. The opener in Brooklyn brought in $200,000 and those performing included Frankie Avalon, Jimmy Clanton, Bobby Freeman, the Elegants, Bill Haley & the Comets and Chuck Berry.
1958 - John Lennon and Paul McCartney of a Liverpool band called the Quarrymen, welcome George Harrison to the group.
1959 - Horace Silver Quintet records “Blowin’ the Blues Away.”
1960 - Birthday of American composer William Susman, Chicago, IL.
1962 - Malvin Russell “Mel” Goode of Pittsburgh, PA, became the first African-American to be a television news commentator when he was assigned by WABC-TV to the United Nations staff, New York City.
1962 - Elvis' tenth movie, “Kid Galahad,” opens in US theaters, featuring the King as an amateur boxer. Charles Bronson also stars.
1962 - Hackberry, LA, was deluged with twenty-two inches of rain in 24 hours, establishing a state record.
1964 - Top Hits
“Where Did Our Love Go” - The Supremes
“The House of the Rising Sun” - The Animals
“C’mon and Swim” - Bobby Freeman
“I Guess I’m Crazy” - Jim Reeves
1964 - Walt Disney's supercalifragilisticexpialidocious "Mary Poppins" released. http://us.imdb.com/Details?0058331
1964 - Roy Orbison’s "Oh, Pretty Woman" was released. It hit number one (for 3 weeks) on September 26th and became the biggest of his career. "Oh, Pretty Woman" was Orbison’s second #1 hit. The other was "Running Scared" (6/05/61).
1964 - In a clear case of rock and roll being saved by the British Invasion, Billboard magazine notes that guitar sales are the highest they've been since the advent of Elvis Presley.
1965 – San Francisco Giant Willie Mays breaks former Pirate Ralph Kiner’s record for home runs in the month of August when the 'Say Hey Kid' connects for his 17th round tripper in an 8-3 victory over the Mets.
1965 - Cool wave brought 2.5 inches of snow to Mt. Washington for an August record. It reached 25 in Vermont, the earliest freeze on record in many locations.
1965 - The Gemini V spacecraft returns to Earth.
1966 - The Beatles performed at Candlestick Park in San Francisco, CA. It was the group’s last live appearance before they disbanded in 1970. Also appearing were The Ronettes and the Remains. Ticket purchases by mail were available from KYA, No. 1 Nob Hill Circle, San Francisco
http://www.televideos.com/prod01.htm
1966 - The last episode of ABC-TV's musical variety show “Hullabaloo” airs, featuring guest stars Lesley Gore, Paul Anka, Peter and Gordon, and The Cyrkle.
1967 - Final TV episode of "The Fugitive." The series originally started on September, 1963. Dr. Richard Kimble (David Janssen) was wrongly convicted and sentenced to death for his wife’s murder, but escaped from his captors in a train wreck. This popular program aired for four years detailing Kimble’s search for the one-armed man (Bill Raisch) who had killed his wife, Helen (Diane Brewster). In the meantime, Kimble himself, was being pursued by Lieutenant Phillip Gerard (Barry Morse). The final episode aired this day in 1967 featured Kimble extracting a confession from the one-armed man as they struggled from the heights of a water tower in a deserted amusement park. That single episode was the highest-rated show ever broadcast until 1975. The TV series generated a hit movie in 1993 with Harrison Ford as Kimble and Oscar-winner Tommy Lee Jones as Gerard.
1967 – At a time when they scheduled doubleheaders in Major League Baseball, the Yankees and the Red Sox played the longest in Yankees’ history. Red Sox take the 1st game 2-1 in 9, Yankees win 2nd game in 20 innings, 4-3, taking a total of 8 hours and 19 minutes.
1968 - Democratic Party National Convention: Antiwar protesters clashed with police and national guardsmen in the streets outside, and hundreds of people, including innocent bystanders and members of the press, were brutally beaten by Chicago’s finest.
1968 - Cream and Electric Flag opened at Fillmore West, San Francisco.
1969 - To compete with Johnny Carson (NBC) and Joey Bishop (ABC), CBS-TV presented Merv Griffin on late-night TV. Johnny ruled -- staying on top for almost 23 years to come.
1970 – Chicano Moratorium against the Vietnam War was staged in East Los Angeles. Police riot kills three people, including journalist Ruben Salazar.
1971 - Hank Aaron became the first baseball player in the National League to drive in 100 or more runs in each of 11 seasons.
1971 - No. 1 Billboard Pop Hit: “Uncle Albert/Admiral Halsey,'' Paul & Linda McCartney. McCartney had a real Uncle Albert, who he said would quote the Bible when he got drunk.
1972 - Top Hits
“Brandy (You’re a Fine Girl)” - Looking Glass
“Alone Again (Naturally)” - Gilbert O’Sullivan
“Long Cool Woman (In a Black Dress)” - The Hollies
“If You Leave Me Tonight I’ll Cry” - Jerry Wallace
1972 - President Richard Nixon announced that a White House investigation of the Watergate break-in, conducted by White House counsel John Dean, revealed that administration officials were not involved in the burglary.
1974 - 600 Catholic nuns adopt a resolution calling for the ordination of women priests in the Roman Catholic Church.
1974 - Moses Malone became the first basketball player to jump from high school to professional basketball, skipping college to sign a contract with the Utah Stars of the ABA.
1977 - Lou Brock stole the 893rd base of his career, surpassing Ty Cobb’s modern record for career stolen bases. Ricky Henderson in 1982 breaks Brock’s for stealing the most bases in one season with 122.
1979 - Sheridan Broadcasting Corp purchases Mutual Black Network, making it the first completely Black-owned radio network in the world.
1980 - Top Hits
“Magic” - Olivia Newton-John
“Sailing” - Christopher Cross
“Take Your Time (Do It Right)” - The S.O.S. Band
“Drivin’ My Life Away” - Eddie Rabbitt
1981 - The Pretenders "II" LP enters the chart.
1981 - The soundtrack to the film, "Heavy Metal" enters the album charts. The LP features tracks by Stevie Nicks, Cheap Trick, Devo and Sammy Hagar.
1982 - No. 1 Billboard Pop Hit: “Abracadabra,'' Steve Miller Band.
1984 - Edwin Moses won the 400-meter hurdles in track competition in Europe. It was the track star’s 108th consecutive victory.
1984 - High temperature at Topeka, KS reaches 110 degrees for the first time since the dust bowl of the 30's.
1986 - The former "American Bandstand" studio, at the original home of WFIL-TV in Philadelphia, PA, was placed on the National Register of Historic Places. The studio is located at 4548 Market Street.
1987 - Los Lobos' remake of Ritchie Valens' 1959 classic, "La Bamba" hits #1 on the pop singles chart and stays there for three weeks.
1987 – Nolan Ryan passes the 200 strikeout mark in a season for a record eleventh time.
1987 - Some of the most powerful thunderstorms in several years developed over the piedmont of North Carolina, and marched across central sections of the state during the late afternoon and evening hours. Baseball size hail was reported around Albemarle, while thunderstorm winds downed giant trees around High Falls.
1988 - Cool air invaded the north central U.S. Ten cities reported record low temperatures for the date, including Bismarck, ND with a reading of 33 degrees. Deerfield, a small town in the Black Hills of South Dakota, reported a low of 23 degrees. The remnants of Tropical Storm Chris drenched eastern Pennsylvania with up to five and a half inches of rain, and produced high winds which gusted to 90 mph, severely damaging a hundred boats in Anne Arundel County, MD.
1988 - Top Hits
“Monkey” - George Michael
“I Don’t Wanna to Go on with You like That” - Elton John
“I Don’t Wanna Live Without Your Love” - Chicago
“The Wanderer” - Eddie Rabbitt
1989 - In a special election, Ileana Rose Lehtinen (R-FL) becomes the first Cuban-American elected to the U.S. Congress.
1990 - Saddam Hussein declares America can't beat Iraq. By the end of 1990, 580,000 Iraqi troops were believed to be in Kuwait or southern Iraq. Facing them were 485,000 troops of 17 allied countries. Earlier, on August 10 at a meeting in Cairo, only 12 of the 21 member nations of the Arab League voted to support American troops.
1991 - The Soviet Communist Party suspended parliament, thus ending a 75-year control of the USSR. Democratic change was sought and the struggle continues today, perhaps ending the hunt in the United States to “halt” communism. Capitalism won out but we must wait to see what President Putin has in mind for the second coming of the USSR.
1992 – Guns 'n' Roses’ "November Rain" peaks at #3 on the pop singles chart.
1994 - Viacom Inc. announced the purchase of Blockbuster Entertainment Corp., the video rental store giant, for $8 billion.
1998 - Top Hits
“I Don’t Want To Miss A Thing”- Aerosmith
“The First Night”- Monica
“Crush”- Jennifer Paige
“My Way”- Usher
2002 - To show their displeasure about tomorrow's impending strike, fans at Devil Rays-Angels game begin throwing foul balls back onto the field at Edison Field and over 100 people are ejected for throwing trash. New words are added to the traditional seventh-inning rendition of "Take Me Out to the Ballgame" as many of the fans in attendance begin to chant, "Don't strike! Don't strike! Don't strike!"
2005 - Hurricane Katrina made landfall in Plaquemines Parish in southeastern Louisiana early on the 29th with maximum sustained winds near 125 mph, a strong category-three, and the third most-intense land-falling hurricane in U.S. history. The center of the hurricane passed just east of New Orleans, where winds gusted over 100 mph. Widespread devastation and unprecedented flooding occurred, submerging at least 80 percent of the city as levees failed. Farther east, powerful winds and a devastating storm surge of 20-30 feet raked the Mississippi coastline, including Gulfport and Biloxi, where Gulf of Mexico floodwaters spread several miles inland. Rainfall amounts of 8-10 inches were common along and to the east of the storm's path. Katrina weakened to a tropical storm as it tracked northward through Mississippi and gradually lost its identity as it moved into the Tennessee Valley on the 30th.
2005 – Rock ‘n’ roll pioneer Fats Domino, 77, is rescued from his Ninth Ward home in New Orleans after the devastation of Hurricane Katrina.
2007 - Six US cruise missiles armed with nuclear warheads are flown without proper authorization from Minot AFB, North Dakota, to Barksdale AFB, Bossier City, LA.
2009 - A 1970 interview with John Lennon, in which he revealed some of the reasons that The Beatles split, appeared in Rolling Stone magazine. John said that his band mates disrespected and "insulted" his wife, Yoko Ono, adding, "They despised her... It seemed I had to be happily married to them or Yoko, and I chose Yoko." He also took a shot at his former songwriting partner, saying "We got fed up with being sidemen for Paul."
2013 - The first federal health study reporting on the use of sleeping pills reveals that 8.6 million Americans take prescription sleeping pills.
2015 – NASA isolated a six-person team for a year within a small dome in Hawaii to simulate theoretical conditions of a mission to Mars. The team had no fresh air or fresh food and a spacesuit must be worn when exiting the dome.
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