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Monday, December 11, 2023


Today's Leasing News Headlines

New Hires/Promotions in the Leasing Business
    and Related Industries
Lease Corporation of America and its affiliation
    LCB Bank Corporation is rebranding to Milestone Bank
Help Wanted Finance and Leasing Industries
    Balboa Capital, Top Mark, NEFA
The Impact of Company Culture
  in Attracting Top Executive Talent
    By Ken Lubin, ZRG Partners, Managing Director
Gender Pay Gap Widens with Education Levels
  Average Hourly Wages in US in 2022
    By Felix Richter, Statista
An Interview with 2023 Clemens-Pender Award Recipient
    National Vehicle Leasing Association
Top Ten Leasing News Read by Readers
    December 4-December 8
Cream Labrador Retriever Mix
    Phoenix, Arizona Adopt-a-Dog
Last Call! Broker Battle
    deBanked connect Miami January 11, 2024

News Briefs ---
The US economy added 199,000 jobs in November
    "The economy’s still humming along”
Starbucks proposes restarting union talks,
    reaching labor deals in major reversal
Bought as an N.B.A. Team, the Mavericks Are
    Being Sold as Much More
Stolen Checks Are for Sale Online.
    We Called Some of the Victims.
Toy magnets linked to 7 deaths
    and 2,400 hospitalizations

You May Have Missed ---
This Mexico City eatery sells 40,000
     tacos a day — out of baskets

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

Sports Briefs
   California News
    "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, but from 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.

[headlines]
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New Hires/Promotions in the Leasing Business
and Related Industries


Rick Gomba, CLFP. was hired as Commercial Finance Manager, Paramount Financial, Greater Phoenix, Arizona area. Previously, he was Commercial Finance Executive, Blufin Capital Corp. (August, 2023 - November, 2023); Account Exec :ive, Alliance Funding Group (February,2021 - April, 2023); Finance Manager, Ascentium Capital (March, 2018 - February, 2021); Senior Account Executive, Summit Commercial Finance (June, 2016 - June, 2018): Balboa Capital (June, 2014 - June, 2016.  Full Bio: 
https://www.linkedin.com/in/rick-l-gomba-clfp-44b4b5125/details/experience/
https://www.linkedin.com/in/rick-l-gomba-clfp-44b4b5125/


John Schaum was hired as Senior Risk Analyst, Canon Financial Serices, Inc., Mt. Laurel, New Jersey.  He is located in Warminster, Pennsylvania. Previously, he was Structured Credit Underwriter in Construction, Transportation and Industrial Unit, De Lage Landen Financial Services (April, 2004 - December, 2023).
https://www.linkedin.com/in/john-schaum-0b898459/


Joey Zrinzo, CLFP, was hired as Senior Account Executive, Reliant Capital, Irvine, California. Previously, he was Vice President of Sales, Ascentium Capital (February, 2014 - December, 2023); Account Executive, Balboa Capital (September, 2011 - February, 2014). https://www.linkedin.com/in/joey-zrinzo-clfp-40b6b756/

 

[headlines]
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Lease Corporation of America and its affiliation
LCB Bank Corporation is rebranding to Milestone Bank

For over three decades, Lease Corporation of America and its affiliate, LCA Bank Corporation (now “Milestone” or “Bank”), have provided equipment financing to businesses across the United States and Canada. During its 35-year tenure, Milestone has financed more than $1 billion in small ticket equipment loans and leases for more than 150,000 businesses.


Gary Harding, CEO of Milestone Bank, said, “We are thrilled to rebrand as Milestone Bank. The name itself implies our desire to help our customers and partners achieve milestones.

"Our successful and rich history in equipment finance, coupled with customer and market demands, allow us to announce an exciting expansion into general commercial lending.  This transformative shift led us to rebrand as Milestone Bank, a name that embodies our commitment to partnering with customers and stakeholders in reaching their key milestones. 

Milestone’s expanded suite of business lending products include:

• Equipment leasing
• SBA Loans
• Working capital loans, asset-based loans, and revolving lines of credit
• Real estate bridge loans
• Solutions for non-bank lenders, such as warehouse lines, lines of credit and strategic partnerships

 Milestone Bank remains committed to its core values and is devoted to delivering personalized service and financial expertise.  Our customers and partners can expect to receive the same outstanding level of commitment and service they have enjoyed since our founding.  We are preserving the good from our past while we build for the future.”

Prior phone numbers, email addresses and websites will remain functional for the foreseeable future, 

https://gomilestonebank.com


[headlines]
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Leasing and Finance Industry Help Wanted


 

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

The Impact of Company Culture
in Attracting Top Executive Talent
By Ken Lubin, ZRG Partners, Managing Director

A company's culture is not just a part of its identity; it's a vital asset in attracting top talent. As an executive recruiter, I've witnessed firsthand how the cultural dynamics of a company significantly influence the decisions of potential executives. This blog post aims to delve into the pivotal role of company culture in executive recruitment and offers insights into effectively showcasing it during the hiring process.

The Significance of Company Culture in Executive Recruitment

Company culture encompasses the shared values, beliefs, behaviors, and environment that characterize an organization. It's the heartbeat of a company, influencing everything from decision-making processes to employee engagement. In recent years, there's been a noticeable shift in priorities among executive candidates. A Deloitte survey found that 94% of executives and 88% of employees believe a distinct workplace culture is important to business success. This shift signals a new era where company culture is not just a nice-to-have but a must-have for attracting elite executives.

Deciphering the Company Culture Code for Prospective Executives

When considering leadership roles, executives meticulously evaluate a company's culture. They look for alignment in values, leadership styles, and growth opportunities. A company's approach to work-life balance, diversity and inclusion, and corporate social responsibility also play a significant role in their decision-making process. A cultural misalignment can lead not only to dissatisfaction but also to a disconnect in strategic vision and performance.

Showcasing Your Company’s Culture During the Recruitment Process

Communicating your company's culture starts with transparency. Be open about your work environment, expectations, and how decisions are made. Utilize storytelling to convey your company's history, mission, and core values. This narrative should resonate throughout your recruitment materials, interviews, and interactions. Involve your team in the recruitment process. Let candidates interact with future colleagues to hear firsthand experiences and gain authentic insights into the work environment.

Beyond the Interview - Immersing Candidates in Your Culture

An immersive experience can give candidates a real taste of your company culture. Arrange for office tours, informal meet-and-greets, and participation in company events or meetings. These experiences can provide candidates with a deeper understanding and feel of the day-to-day operations and the lived values of the company.

Utilizing Digital Platforms to Reflect Company Culture

In our digital age, a company's online presence is often the first point of contact with potential candidates. Ensure that your website and social media platforms accurately reflect your company culture. Showcase employee stories, community involvement, and behind-the-scenes glimpses of office life. These digital snapshots can paint a vibrant picture of what it’s like to be part of your team.

A well-defined and transparent company culture is a cornerstone in attracting and retaining top executive talent. It's an integral part of a candidate's decision-making process and can set your company apart in the competitive market for executive talent. Companies need to consistently evaluate and communicate their culture, not just during the recruitment process, but as an ongoing practice.


Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin

"What is the Ultimate Hire? The Ultimate Hire is the professional that every business, team or leader needs in their organization. This is the high performance individual that always rises to the top, brings the team to the next level and can significantly add to the bottom line. The Ultimate Hire is the person that you can't afford to be without. Finding, Attracting, Hiring and Retaining these professionals is critical to the success of your business. We have identified these traits and can help you find these top professionals."

The Ultimate Hire Collections:
http://leasingnews.org/Conscious-Top%20Stories/ultimate.html



 


[headlines]
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Gender Pay Gap Widens with Education Levels
Average Hourly Wages in US in 2022 by Gender and Education
By Felix Richter, Statista

Even in countries like the United States, where women are now more likely than men to graduate from college, the gender pay gap persists. In fact, paradoxically, the gender pay gap actually widens with higher levels of educational attainment.

As a result of the persistent gender pay gap, "there's a lifetime of income inequality between men and women," Jemimah Njuki, Chief of Economic Empowerment at UN Women, and Jocelyn Chu, Programmer Specialist at UN Women, wrote in a blog post last month.

Pay transparency, minimum wages and strengthening workers' rights to bargain collectively for higher wages are critical ingredients for closing the gender gap, but ultimately, Njuki and Chu argue, "deeper changes in societal and cultural norms" are needed, especially with respect to equal sharing of care giving responsibilities and domestic work between men and women.

Felix Richer, Statista

 

[headlines]
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An Interview with 2023 Clemens-Pender Award Recipient
National Vehicle Leasing Association


Chris Pontarelli, Vice President, GT Leasing

Q. Please tell us what receiving the Clemens-Pender award meant to you and why it’s important to continue the tradition.
It means more than I can describe. It’s humbling to join those that have received the Clemens-Pender award. I know all the men and women that have received this award have given so much to the industry, our association, and their community. Our industry needs to keep recognizing individuals that contribute in ways that do not only benefit themselves.

Q. How has NVLA membership benefited you?
A great deal. We use some of our affinity programs every day. When any of our staff has an industry-related question, NVLA is the first go-to for support, whether it be an email to Simple lists or calling a member. NVLA LeaseWire, NVLA Drive, Kontos Kommentary and many other offerings have also been beneficial in our membership. It’s tough to get industry-specific news and education just anywhere but NVLA has filled that void.

Q. How has the NVLA conference benefited you?
Where do I begin? When I started in the industry 18 years ago, I went to my first NVLA conference and immediately met others in the industry that were like-minded and going through the same day-to-day benefits and struggles as me. That resonated from my first conference and I have lifelong friendships with so many NVLA members. The sessions are always very informative, and the sponsors/exhibitors are very supportive of our industry. I look forward to the NVLA conference every year and what education I will bring back to the office.

Q. What are the takeaways you received from the 2023 conference?
I’ve learned that it really helps to listen to all speakers and individuals in our industry with an open mind and critical thought. I like to ask others questions about how they interpreted certain sessions and some I agreed with and others I disagreed with. One thing is for sure: our industry is changing but the way we execute business is still revolving around relationships. We may see fluctuating interest rates, much different products, changing economics, etc. but the reason we are in business is relationships.

Q. What do you see as the future for the leasing industry?
I think as long as lessors embrace technology and adapt, then lessors will be secure in their business. I feel there is a niche for independent lessors to remain in the industry to fill the areas that dealerships lack in the leasing world. Business in general is getting more and more complicated every day but the lessors in our association make leasing streamline for the end user.

Q. Anything else you’d like to add?
I would like to thank NVLA for all the support in the leasing industry. The association really stepped up during hard times and fought for the independent lessors. There are many volunteers that help run the association that deserve this praise. Without the executive team, volunteers and sponsors, NVLA would not be where it is today and for that I am grateful.


Chris Pontarelli, the 2023 Clemens-Pender Award Recipient, was recognized for his outstanding contributions to the field of vehicle leasing and his exceptional dedication to the National Vehicle Leasing Association (NVLA) that has made an indelible impact on the NVLA and the vehicle leasing industry as a whole.

At GT Leasing, his lease portfolio has grown to over 1000 active units. Chris's expertise in leasing and equipment are clearly an asset to his clients. He embodies the importance of a local independent lessor, serving the specific needs of his market. Serving as a two-term President of the NVLA and continuing his service on the NVLA Board, Chris's leadership and commitment have been invaluable. One of Chris's remarkable achievements lies in his unwavering support for the NVLA's fundraising efforts. Through his diligent work in securing sponsorships and booking exhibitors for the national conference, Chris has played a pivotal role in raising funds to support the NVLA's mission and initiatives. Alongside his wife, Jamie Pontarelli, he helped launch the NVLA Leasewire and Drive Webinars, both of which have become a resource for industry professionals.

Outside of his professional endeavors, Chris is a pillar of his community, lending his expertise as a coach for recreational baseball teams. Chris is also a loving father to three wonderful children: Levi, Francis, and Ellis. His devotion to his family serves as a testament to his character and the values he upholds.

Source: NVLA Newsletter


[headlines]
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Top Ten Leasing News Read by Readers
December 4 to December 8

(1) Federal Court Upholds DFPI Protections for Small Businesses
By Kenneth C. Greene, Leasing News Emeritus
https://leasingnews.org/archives/Dec2023/12_06.htm#dfpi

(2)  New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2023/12_04.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2023/12_06.htm#hires

(4) CLFP Foundation Adds 21 New CLFPs
with Photos
https://leasingnews.org/archives/Dec2023/12_04.htm#clfp5_

(5) We Only Live Once, Snoopy
(Sitting on the dock of the bay)
https://leasingnews.org/archives/Dec2023/12_08.htm#we

(6) The Corporate Transparency Act: Does It Apply To
  California Finance Law Lenders And Brokers?
By Kenneth C. Greene, Leasing News Emeritus
https://leasingnews.org/archives/Dec2023/12_08.htm#corp

(7) Dext Capital Expands Beyond Healthcare
into Thriving New Industries
https://leasingnews.org/archives/Dec2023/12_08.htm#dext

(8) Navigating the Complexities of a California DFPI Audit:
   A Comprehensive Guide for Financial Entities
By Kenneth C. Greene, Leasing News Emeritus
https://leasingnews.org/archives/Dec2023/12_06.htm#audit

(9) Electric vs. Gas Cars: Is It Cheaper
  to Drive and Operate an EV?
By Matthew W. Daus, Esq.
https://leasingnews.org/archives/Dec2023/12_06.htm#electric

(10) Why Repairing Your EV Is So Expensive
longer wait times and bigger repair bills
https://www.wsj.com/business/autos/ev-repair-expensive-eecf09fd?mod=business_lead_pos2

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

Cream Labrador Retriever Mix
Phoenix, Arizona Adopt-a-Dog


Slim

ID: A4913526
Male
3 years old
28 lbs.
FOSTER Contact: ACCAltPlacement@maricopa.gov
or 602-372-1158

About me
You’ll love me because I am still learning! I’d do best in a home with someone who goes slow with me and is patient. My adoption fee is a bargain! Not only do you get my unconditional love and a new BFF, it includes my spay or neuter surgery, vaccinations, microchip, and even some cool coupons!

Maricopa County
301 West Jefferson
Phoenx, AZ  85003
602-506-3011
Animal Center 602-506-7387
https://www.maricopa.gov/214/Adopt-a-Pet


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Last Call! Broker Battle
deBanked Connect Miami January 11, 2024

deBanked CONNECT MIAMI is looking for the top closer in the industry by hosting the very first Broker Battle™. Only between 5-8 contestants will be chosen to compete LIVE at deBanked CONNECT MIAMI on January 11, 2024 at the Miami Beach Convention Center.

The winner will receive a grand prize of $5,000!

Rules: You must have been brokering business finance products for longer than 1 year and be of sound moral character and background. deBanked CONNECT MIAMI and/or the judges reserve the right to choose whomever they deem fit. To enter, fill out the form below, along with your best pitch in the described scenario. If you're selected, you'll hear from us in advance and your ticket to the event will be COMPED.

MAY THE BEST BROKER WIN!

Broker Battle stands to be educational as well as fun and competitive. Brokers should be well-versed in best practices. The LIVE competition on January 11 at the Miami Beach Convention Center will have contestants pitch in a defined scenario to a panel of four judges who will respond with rebuttals and ultimately grade your abilities. We want to help cultivate better brokers. Are you ready to BATTLE?!

OR simply watch it LIVE while enjoying the full experience of the industry's biggest annual event in South Florida by registering now. Tickets sell out in advance so don't wait!

About the event: https://www.debankedmiami.com

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News Briefs---

The US economy added 199,000 jobs in November
    “The economy’s still humming along,”
https://www.cnn.com/2023/12/08/economy/november-jobs-report-final/index.html

Starbucks proposes restarting union talks,
reaching labor deals in major reversal
https://nypost.com/2023/12/08/business/starbucks-proposes-restarting-union-talks-reaching-labor-deals-in-major-reversal/

Bought as an N.B.A. Team, the Mavericks Are
Being Sold as Much More
https://www.nytimes.com/2023/12/10/business/dallas-mavericks-sale-mark-cuban.html

Stolen Checks Are for Sale Online.
We Called Some of the Victims.
https://www.nytimes.com/2023/12/09/business/stolen-checks-telegram.html

Toy magnets linked to 7 deaths
and 2,400 hospitalizations
https://www.washingtonpost.com/business/2023/12/08/magnetic-ball-sets-warning-recall/


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


This Mexico City eatery sells 40,000
tacos a day — out of baskets
https://www.courthousenews.com/this-mexico-city-eatery-sells-40000-tacos-a-day-out-of-baskets/

[headlines]
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Sports Briefs---

49ers put on a show on offense
   to overpower Seahawks in 28-16 win
https://www.sfchronicle.com/sports/49ers/article/49ers-put-show-offense-overpower-seahawks-28-16-18543341.php

Buffalo Bills 20, Kansas City Chiefs 17: Final score,
highlights after Travis Kelce lateral TD called back
https://www.democratandchronicle.com/story/sports/football/nfl/bills/2023/12/10/buffalo-bills-vs-kansas-city-chiefs-game-score-highlights-stats-updates/71871278007/

Zach Wilson leads Jets to upset win over
Texans in return as starter
https://nypost.com/2023/12/10/sports/zach-wilson-leads-jets-to-upset-win-over-texans-in-return/

Shohei Ohtani to join Dodgers on 10-year,
    $700 Million Contract
https://www.espn.com/mlb/story/_/id/39076745/shohei-ohtani-join-dodgers-10-year-700m-deal

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


California News Briefs---

California EDD lets go of Bank of America for
   unemployment payments, will soon start direct deposits
https://www.sfchronicle.com/california/article/california-edd-dumps-bank-america-state-s-18532785.php

As California’s redwoods recover from fire,
    an astonishing fact emerges
https://www.sfchronicle.com/california-wildfires/article/redwood-trees-18538393.php


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Gimme that Wine

 

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

Red Wines without the Headache
   “looking for less-celebrated grapes – and less-celebrated wines”
https://www.wine-searcher.com/m/2023/12/red-wines-without-the-headache

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

This Day in History

     1620 - The first child born of English parents in New England was Peregrine White (d. 1704), born aboard the Mayflower anchored in Cape Cod harbor. He was the son of Susanna and William White.  White was the second baby born abroad the Mayflower.  He married twice and had one son.
   1711 - The first Sperm whale captured at sea was cap­tured by a whaling vessel out of Nan­tucket, MA. This was the beginning of an in­dustry that numbered over 700 vessels by 1846.
    1715 – The first whaling expedition on record set sail from Nantucket, MA. Six sloops, of 30 to 40 tons burden each, returned with cargoes amounting to 600 barrels of oil and 11,000 pounds of bone, the total value of which was £1,100 sterling. There were whaling trips by single boats prior to this expedition.
    1726 - Birthday of Oliver Wolcott (d. 1979) at Windsor, CT. Signer of the Declaration of Independence, Doctor, sheriff, judge, soldier. Continental Congress (1776-1777); Lieutenant Governor of Connecticut (1786-1796); Governor (1797).
http://www.oliverwolcott.com/
    1775 - Forks of Tar River, North Carolina, changed its name to Washington in honor of General Washington.
    1776 - The Continental Congress authorized the building of the US
Navy first ship, America, which was to be commanded by John Paul Jones. On September 23, 1782, the America was presented to King Louis XVI of France in appreciation of his country’s assistance during the Revolutionary War.
    1776 – The Hessians captured Ft. Lee, NJ…no word on how quickly they gave it back!
http://faculty.njcu.edu/ckarnoutsos/revolutionarywar.htm
http://www.patriotresource.com/battles/trenton/page1.html
http://www.njreporter.org/NJH200204/njr_trenton_princeton1.html
    1789 - New Jersey became the first state to ratify 10 of the 12 amendments to the US Constitution proposed by Congress. These 10 amendments came to be known as the "Bill of Rights."
http://www.magnacartaplus.org/usa-rights/#billofrights
    1817 – The First Seminole War began in Florida. After the American Revolution, Spain regained control of Florida from Britain as part of the Treaty of Paris. When the British evacuated Florida, Spanish colonists as well as settlers from the newly formed United States came pouring in. Many of these new residents were lured by favorable Spanish terms for acquiring property, called land grants. Even Seminoles were encouraged to set up farms, because they provided a buffer between Spanish Florida and the United States. Escaped slaves also entered Florida, trying to reach a place where their U.S. masters had no authority over them. Instead of becoming more Spanish, Florida increasingly became more "American." The British often incited Seminoles against American settlers who were migrating south into Seminole territory. These old conflicts, combined with the safe-haven Seminoles provided black slaves, caused the U.S. army to attack the tribe in the First Seminole War (1817-1818), which took place in Florida and southern Georgia. Forces under Gen. Andrew Jackson quickly defeated the Seminoles.
    1819 - The first ship sunk by a whale was the whaler Essex, which sailed from Nantucket, MA, on August 12, 1819, headed for the whaling grounds off the coast of Chile. According to the account of first mate Owen Chase, on November 20, 1820, the Essex was hunting sperm whales at latitude 0 degrees 40 minutes 5, lon­gitude 119 degrees W, when an enraged bull whale rammed the ship twice and capsized it. The crew escaped in open boats, but only five of them survived the 4,500-mile journey to Peru, which took 83 days. The story of the Essex was one of the inspirations for Herman Melville’s novel “Moby Dick.”
    1861 - Representatives from several counties met, calling themselves the "Convention of the People of Kentucky" and passed the ordinance.  They established a Confederate government of Kentucky with its capital in Bowling Green.
    1862 - Confederate army of Tennessee, organized under Gen. Braxton Bragg, operating between the Appalachians and the Mississippi River until the end of the war, participating in most of the significant battles in the Western Theater.  Nearly two years later, Union forces captured Brown’s Ferry, which opened a supply route to Alabama.  A Confederate counterattack at Wauhatchie during the night of October 28–29 tried to recapture the ferry but failed.  Bragg, on November 5, sent Longstreet's corps and nearly all of his cavalry away to Knoxville, reducing his army's strength.  Bragg hoped that Grant would be forced to detach part of his own force to relieve the Union garrison at the city. The final Union attack on the Confederate army started November 24, when Hooker captured Lookout Mountain, threatening the Confederate left flank. The next day, William T. Sherman attacked the right flank on Missionary Ridge but was stalemated. To help Sherman and to draw Confederate units from the right, Grant ordered a demonstration against the Confederate center. This demonstration by Union Gen. Thomas turned into a full-fledged attack which broke though the Confederate line. Bragg retreated into north Georgia, regrouping around Dalton. His request to be relieved was accepted on December 1.
http://www.civilwarhome.com/braggbio.htm
http://www.ngeorgia.com/people/braggb.html
http://www.civilwarhome.com/CHMbraggbio.htm
http://users.aol.com/cinticwrt/bragg.html
    1864 - Nearly a week into the famous March to the Sea, the army of Union General William T. Sherman moves toward central Georgia, destroying property and routing small militia units in its path. Advanced units of the army skirmished with scattered Rebel forces at Clinton, Walnut Creek, East Macon, and Griswoldville, all in the vicinity of Macon. The march began on November 15 and ended on December 21, 1864. Sherman led 62,000 troops for 285 miles across Georgia and cut a path of destruction more than fifty miles wide. He divided his force into two columns and widened the swath of destruction. The Yankees cut away from their supply lines at Atlanta and generally lived off the land. What they did not consume, they destroyed. More than 13,000 cattle fell into Union hands, as well as 90,000 bales of cotton and numerous sawmills, foundries, cotton gins, and warehouses. The March to the Sea devastated Southern morale and earned Sherman the lasting hatred of many Southerners.
    1866 - Formation of Howard University.  Shortly after the end of the Civil War, members of The First Congregational Society of Washington considered establishing a theological seminary for the education of African-American clergymen. Within a few weeks, the project expanded to include a provision for establishing a university. Within two years, the University consisted of the Colleges of Liberal Arts and Medicine. The new institution was named for General Oliver Otis Howard, a Civil War hero, who was both the founder of the University and, at the time, Commissioner of the Freedman’s Bureau. Howard later served as President of the university from 1869–74.  Congress chartered Howard on March 2, 1867, and much of its early funding came from endowment, private benefaction, and tuition. An annual congressional appropriation administered by the Department of Education funds Howard University and Howard University Hospital.  Howard is ranked among the nation's top 150 universities and second among historically black institutions.  It is the only HBCU ranked in the top 75 on the 2015 Bloomberg college rankings.  The Princeton Review ranked the school of business #1 in opportunities for minority students and in the top 5 for competitive students. The National Law Journal ranked the law school among the top 25 in the country.
http://memory.loc.gov/ammem/today/nov20.html
    1866 - The first bicycle with a rotary crank was patented by Pierre Lallemont. It was known as a “bone shaker.” He rode on it from Ansonia, CT, to New Haven, CT.  The fore wheel was axed to the jaws of a depending bar, which was pivoted in the frame, and turned by a horizontal level bar, which was revolved by a treadle crank.
    1866 – Kenesaw Mountain Landis (d. 1944), the first Commissioner of Major League Baseball, was born in Millville, OH.  A federal judge (1905-22), he received national attention in 1907 when he fined Standard Oil of Indiana more than $29 million for violating federal laws forbidding rebates on railroad freight tariffs. Though Landis was reversed on appeal, he was seen as a judge determined to rein in big business. In 1920, Judge Landis was a leading candidate when American and National League team owners, embarrassed by the Black Sox scandal and other instances of players throwing games, sought someone to rule over baseball. Landis was given full power to act in the sport's best interest and used that power extensively over the next quarter-century. Landis was widely praised for cleaning up the game, although some of his decisions in the Black Sox matter remain controversial. Others blame Landis for, in their view, delaying the racial integration of the game. Landis was elected to the National Baseball Hall of Fame by a special vote shortly after he died in 1944.
    1884 – Norman Thomas (d. 1968) was born in Marion, OH.  He was a Presbyterian minister who achieved fame as a socialist, pacifist, and six-time presidential candidate for the Socialist Party of America.
    1889 - Birthday of Edwin Powell Hubble (d. 1953) at Marshfield, MO.  American astronomer whose discovery and development of the concept of an expanding universe has been described as the “most spectacular astronomical discovery” of the 20th century. As a tribute, the Hubble Space Telescope, deployed April 25, 1990, from US Space Shuttle Discovery, was named for him. The Hubble Space Telescope, with a 240-centimeter mirror, was to allow astronomers to see farther into space than they had ever seen from telescopes on Earth.
    1900 - A major tornado outbreak in Arkansas, Mississippi and Tennessee killed 77 people. Two F4 tornadoes accounted for most of the deaths.
    1900 – Chester Gould (d. 1985), the creator of the cartoon strip, “Dick Tracy,” was born in Pawnee, OK.
    1907 – Fran Allison (d. 1989) was born in LaPorte City, IA.  She is best known for her starring role on the weekday NBC-TV puppet show “Kukla, Fran, and Ollie,” which ran from 1947 to 1957, occasionally returning to the air until the mid-1980s. The trio also hosted “The CBS Children’s Film Festival,” introducing international children's films, from 1967 to 1977.
    1908 – Alistair Cooke (d. 2004) was born in Salford, England.  A British journalist, television personality and broadcaster, outside his journalistic output, which included “Letter from America” and “Alistair Cooke’s America,” he was well known in the United States as the host of PBS’ “Masterpiece Theatre” from 1971 to 1992. After holding the job for 22 years, and having worked in television for 42 years, Cooke retired in 1992, although he continued to present “Letter from America until shortly before his death.
    1914 - The high temperature of 28 degrees at Atlanta, GA, was their earliest daily high below the freezing mark.
    1917 - Robert Carlyle Byrd (d. 2010) was born Cornelius Calvin Sale, Jr. in N. Wilkesboro, NC.  He was the longest-serving US Senator and, at the time of his death, the longest-serving member in the history of the Congress.
    1919 - “Swede” Myerhofer landed his plane and christened the first airport owned by a city, Tucson Municipal Airport, located east of Tucson, Arizona.
    1920 - Birthday of trumpet player Joe Guy (d. 1982), Birmingham, AL.
    1921 – Jim Garrison (d. 1992) was born Earling Carothers Garrison in Denison, IA.  He was the District Attorney of Orleans Parish, LA, from 1962 to 1973. He is best known for his investigations into the assassination of President John F. Kennedy.
    1923 - African-American Garrett T Morgan patents the traffic signal.
Founder of the “Cleveland Call” newspaper, he became a wealthy man, and also holds many patents for many inventions.
http://education.dot.gov/aboutmorgan.html
http://www.enchantedlearning.com/inventors/page/m/morgan.shtml
    1925 - Birthday of Robert Kennedy (d. 1968), Brookline, MA.  He was the former Attorney General, US Senator and younger brother of President John F. Kennedy.  History shows him as the only US Senator to have had a brother who was President.   Robert Kennedy was killed in 1968 in Los Angeles by Sirhan Sirhan moments following his primary victory in California. When I worked at ABC-TV West Coast News, I covered the afternoon Sirhan trial, seated only a few feet from him. I had interviewed both Kennedy brothers as a newsman.
    1925 - June Christy (d. 1990) was born Shirley Luster, Springfield, IL.  Known for her work in the cool jazz genre and for her silky smooth vocals, her success as a singer began with The Stan Kenton Orchestra.
http://www.belten.freeserve.co.uk/misty/june.htm
    1931 - The American Telegraph and Telephone Company introduced the first teletype commercial service. Messages were typed on tape and transmitted automatically to a central office and retransmitted to their destinations. The charges were based on the time required to transmit each message rather than the number of words.
    1942 – President-elect Joe Biden was born in Scranton, PA.
    1943 - The US Marines landed during the night, attacking the Gilbert Islands, particularly the islets of Betio and Makin. The American invasion force to the Gilberts was the largest yet assembled for a single operation in the Pacific.  The Japanese had heavily fortified the Tarawa chain of atolls, especially Tarawa, with pillboxes, blockhouses and ferroconcrete bombproof structures. In the eight days it took the 5th Amphibious Corps, 2nd Marine Division and the 27th Infantry Division to take the Tarawa and Makin Islands, 1,000 US soldiers were killed and 2,311 wounded. The Japanese loss was tallied at 4,700 men killed, 17 wounded captured and 129 Koreans surrendered. The US public, who through censorship previously had been kept in the dark about the human cost of the war, was appalled by casualty figures and photographs from the battle offensive against Japan in the Central Pacific (Operation Galvanic).
     1943 - BORDELON, WILLIAM JAMES, Medal of Honor
Rank and organization: Staff Sergeant, U.S. Marine Corps. Born: 25 December 1920, San Antonio, Tex. Accredited to: Texas. Citation: For valorous and gallant conduct above and beyond the call of duty as a member of an assault engineer platoon of the 1st Battalion, 18th Marines, tactically attached to the 2d Marine Division, in action against the Japanese-held atoll of Tarawa in the Gilbert Islands on 20 November 1943. Landing in the assault waves under withering enemy fire which killed all but 4 of the men in his tractor, S/Sgt. Bordelon hurriedly made demolition charges and personally put 2 pillboxes out of action. Hit by enemy machinegun fire just as a charge exploded in his hand while assaulting a third position, he courageously remained in action and, although out of demolition, provided himself with a rifle and furnished fire coverage for a group of men scaling the seawall. Disregarding his own serious condition, he unhesitatingly went to the aid of one of his demolition men, wounded and calling for help in the water, rescuing this man and another who had been hit by enemy fire while attempting to make the rescue. Still refusing first aid for himself, he again made up demolition charges and single-handedly assaulted a fourth Japanese machinegun position but was instantly killed when caught in a final burst of fire from the enemy. S/Sgt. Bordelon's great personal valor during a critical phase of securing the limited beachhead was a contributing factor in the ultimate occupation of the island, and his heroic determination throughout 3 days of violent battle reflects the highest credit upon the U.S. Naval Service. He gallantly gave his life for his country.
    1944 - Les Brown, with Doris Day, records “Sentimental Journey.”
    1944 - The first Japanese suicide submarine attack was at Ulithi Atoll, Carolines. A Japanese Kaiten attack sinks the US naval tanker Mississinewa. The kaiten was aptly described by Theodore Cook as "not so much a ship as an insertion of a human being into a very large torpedo." The gut of the beast was a standard Type-93 24" torpedo, with the mid-section elongated to create the pilot's space. He sat in a canvas chair practically on the deck of the kaiten, a crude periscope directly in front of him, and the necessary controls close to hand in the cockpit. Access to the kaiten was through hatches leading up from the sub and into the belly of the weapon. The nose assembly was packed with 3000+ pounds of high explosive; the tail section contained the propulsion unit.
    1945 - The International Military Tribunal begins trying German war criminals at Nuremberg. The trial, which lasted 78 days, attempted to hold Nazi and German military officials accountable for atrocities including the massacre of 30,000 Russians during the German invasion and the massacre of at least 50,000 people in the Warsaw Ghetto. Twenty-four defendants were tried, including Hermann Goering, the designated successor to Hitler, and Rudolf Hess, Hitler's personal secretary. All defendants pleaded not guilty to the charges. When one of the defendants demanded that an anti-Semitic lawyer represent him, an ex-Nazi was assigned to his defense. Because of the mountains of evidence and the many languages spoken by the defendants and prosecutors, the trial was beset with logistical problems. During the proceedings, Rudolf Hess feigned amnesia to escape responsibility. Though many expected the most excitement to arise from the cross-examination of Hermann Goering, his testimony was a letdown: he was even attacked by his fellow defendants for refusing to take responsibility for anything. Twenty-one defendants were convicted: 12 were sentenced to hang, and the rest were sent to prison. One man escaped the hanging by remaining at large while Goering escaped by committing suicide first. On October 16, 1946, 10 Nazi officials were hanged.
    1945 - BRILES, HERSCHEL F., Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Co. C, 899th Tank Destroyer Battalion. Place and date: Near Scherpenseel, Germany, 20 November 1944. Entered service at: Fort Des Moines, lowa. Birth: Colfax, lowa. G.O. No.: 77, 10 September 1945. Citation: He was leading a platoon of destroyers across an exposed slope near Scherpenseel, Germany, on 20 November 1944, when they came under heavy enemy artillery fire. A direct hit was scored on 1 of the vehicles, killing 1 man, seriously wounding 2 others, and setting the destroyer afire. With a comrade, S/Sgt. Briles left the cover of his own armor and raced across ground raked by artillery and small-arms fire to the rescue of the men in the shattered destroyer. Without hesitation, he lowered himself into the burning turret, removed the wounded and then extinguished the fire. From a position he assumed the next morning, he observed hostile infantrymen advancing. With his machinegun, he poured such deadly fire into the enemy ranks that an entire pocket of 55 Germans surrendered, clearing the way for a junction between American units which had been held up for 2 days. Later that day, when another of his destroyers was hit by a concealed enemy tank, he again left protection to give assistance. With the help of another soldier, he evacuated two wounded under heavy fire and, returning to the burning vehicle, braved death from exploding ammunition to put out the flames. By his heroic initiative and complete disregard for personal safety, S/Sgt. Briles was largely responsible for causing heavy enemy casualties, forcing the surrender of 55 Germans, making possible the salvage of our vehicles, and saving the lives of wounded comrades.
    1945 – Rick Monday was born in Batesville, AR.  In the inaugural MLB First-Year Player Draft in 1965, Monday was selected with the first overall selection by the Kansas City A’s.  Over a 19-year Major League career, he also played for the Chicago Cubs and the LA Dodgers.  On April 25, 1976, two protesters, William Thomas and his 11-year-old son, ran into left-center field and tried to set fire to an American flag after the start of the bottom of the 4th inning at Dodger Stadium.  After Steve Stone of the Cubs got Ted Sizemore to pop out, Monday dashed over and grabbed the flag to thunderous cheers. Monday ran through the infield with the flag and while walking towards the Dodgers’ dugout, met and handed the flag over to Dodgers pitcher Doug Rau. The ballpark police officers arrested and escorted the two intruders off the field and afterwards the father of the boy was fined, charged with trespassing, and put on probation.
    1947 – Guitarist Joe Walsh, of The Eagles, was born in Wichita, KS.  
    1950 - U.S. troops push to the Yalu River, within five miles of Manchuria.
    1951 - Top Hits
“Because of You” - Tony Bennett
“Down Yonder” - Del Wood
“Slow Poke” - Pee Wee King
“Sin (It’s No)” - Eddy Howard
    1952 - A struggling Frank Sinatra agrees to a screen test for a role in “From Here to Eternity,” a film adaptation of the James Jones novel of the same name.  The movie won him an Academy Award for Best Supporting Actor and revived his flagging career. Sinatra was born in New Jersey in 1915. He formed a singing quartet in his teens; the group won a popular radio talent show in 1935 and began touring small nightclubs. In 1940, Sinatra joined the Tommy Dorsey Orchestra and began topping the charts. Sinatra soon became a popular screen actor, but after his vocal chords suffered damage in 1952 and his philandering became quite public, his career took a drastic downturn. His talent agency dropped him, and he had to plead with movie producers to cast him, agreeing to do screen tests despite the fact that he was already a well-known performer. He won the role in “From Here to Eternity” (1953) with help from girlfriend Ava Gardner but was paid only $8,000. However, the role and the Academy Award helped bring him back into the limelight, which he never relinquished, even after his retirement in 1973, until his death in 1998.   
    1955 - The Maryland National Guard is ordered desegregated.
    1955 - After telling Ed Sullivan that he would perform a song called "Sixteen Tons," Bo Diddley sings "Bo Diddley" live on CBS-TV's Ed Sullivan Show. He would never be invited back.
    1955 - RCA Victor buys Elvis Presley's contract from Sun Records for $40,000. The deal was inked at New York's Warwick Hotel and gives Elvis $13,500 for signing.
    1956 – Mary Cathleen Collins was born in Long Beach, CA.  She is better known as actress Bo Derek, star of the film “10” (1979).  For grins and giggles, what was the name of her role in the film?
    1959 - Top Hits
“Mr. Blue” - The Fleetwoods
“Don’t You Know” - Della Reese
“Heartaches by the Number” - Guy Mitchell
“Country Girl” - Faron Young
    1961 - Billboard reports on the global Twist Craze: WOR-TV, New York, has shot a series of one and five minute "Twist Lessons" with Chubby Checker to be shown hourly every day. Checker had also been inked for a British-American film production; Joey Dee & the Starlighters, whose album, "Doin' the Twist at the Peppermint Lounge" was released this week, signed for the Paramount film, "Hey, Let's Twist;" Dion has signed to star in Columbia's "Twist Around the Clock;" and in France there are 45 different "Twist" records on the market.
    1962 - Lifting of the naval blockade of Cuba was announced by President Kennedy, following assurances by Premier Khrushchev that all Soviet jet bombers in Cuba would be removed within 30 days.
    1962 - An executive order prohibiting racial discrimination in housing built or purchased with federal funds was signed by President Kennedy.
    1962 - The Four Seasons' "Big Girls Don't Cry" is released on Vee Jay Records. It goes up to Number One, as does their first (and current) hit, "Sherry." Both songs feature lead singer Frankie Valli's falsetto.
    1965 - "I Hear A Symphony" becomes The Supremes' sixth US number one single. The trio had their streak of five chart toppers in a row interrupted by "Nothing But Heartaches," which stalled at number 11.
    1966 - "Cabaret" opened on Broadway for the first of 1,166 stellar performances. Joel Grey starred in the hugely successful musical that is an adaptation of both the play, "I Am a Camera" and the novel, "Goodbye to Berlin."
    1967 - U.S. census reports the population at 200 million.
    1967 - Top Hits
“To Sir with Love” - Lulu
“Soul Man” - Sam & Dave
“Incense and Peppermints” - Strawberry Alarm Clock
“It’s the Little Things” - Sonny James
    1967 - LOZADA, CARLOS JAMES,  Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company A, 2d Battalion, 503d Infantry, 173d Airborne Brigade. place and date: Dak To, Republic of Vietnam, 20 November 1967. Entered service at: New York, N.Y. Born: 6 September 1946, Caguas, Puerto Rico. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Pfc. Lozada, U.S. Army, distinguished himself at the risk of his life above and beyond the call of duty in the battle of Dak To. While serving as a machine gunner with 1st platoon, Company A, Pfc. Lozada was part of a 4-man early warning outpost, located 35 meters from his company's lines. At 1400 hours a North Vietnamese Army company rapidly approached the outpost along a well-defined trail. Pfc. Lozada alerted his comrades and commenced firing at the enemy who were within 10 meters of the outpost. His heavy and accurate machine gun fire killed at least 20 North Vietnamese soldiers and completely disrupted their initial attack. Pfc. Lozada remained in an exposed position and continued to pour deadly fire upon the enemy despite the urgent pleas of his comrades to withdraw. The enemy continued their assault, attempting to envelop the outpost. At the same time enemy forces launched a heavy attack on the forward west flank of Company A with the intent to cut them off from their battalion. Company A was given the order to withdraw. Pfc. Lozada apparently realized that if he abandoned his position there would be nothing to hold back the surging North Vietnamese soldiers and that the entire company withdrawal would be jeopardized. He called for his comrades to move back and that he would stay and provide cover for them. He made this decision realizing that the enemy was converging on 3 sides of his position and only meters away, and a delay in withdrawal meant almost certain death. Pfc. Lozada continued to deliver a heavy, accurate volume of suppressive fire against the enemy until he was mortally wounded and had to be carried during the withdrawal. His heroic deed served as an example and an inspiration to his comrades throughout the ensuing 4-day battle. Pfc. Lozada's actions are in the highest traditions of the U.S. Army and reflect great credit upon himself, his unit, and the U.S. Army.
    1967 - 19-year-old Arlo Guthrie released an album called "Alice's Restaurant". When the eighteen-minute-long title song premiered at the Newport Folk Festival, it helped foster a new commitment among the '60s generation to social consciousness and activism. Arlo went on to star in the 1969 Hollywood film version of “Alice's Restaurant,” directed by Arthur Penn.
    1968 - 78 miners were killed in an explosion at the Consolidated Coal Company’s No. 9 mine in Farmington, WV.  The cause of the explosion was never determined, but the accident served as the catalyst for several new laws that were passed to protect miners.
    1969 - Seymour Hersh, an independent investigative journalist, files a second My Lai story based on interviews with Michael Terry and Michael Bernhardt, who served under 1st Lt. William Calley during the action that was later dubbed the My Lai massacre. Also on this day, the Cleveland Plain Dealer published explicit photos of the dead at My Lai. The American public was stunned. Hersh broke the story earlier in the month, describing how soldiers from the American Division, conducting a sweep of My Lai, indiscriminately shot people as they ran from their huts, and then systematically rounded up the survivors, allegedly leading them to a ditch where they were executed per Calley's orders.
Despite the fact that an Army board of inquiry found that 30 persons either participated in the atrocity or knew of it and failed to do anything, only 14 were charged with crimes. All eventually had their charges dismissed or were acquitted, except Calley, who was found guilty of murdering 22 civilians and was sentenced to life imprisonment. His sentence was reduced twice and he was paroled in November, 1974.
    1969 - American Indians seized and occupied Alcatraz Island in San Francisco Bay.  79 American Indians, including students, married couples and six children, landed on the island, despite an attempted Coast Guard blockade, and began their occupation which lasted for 19 months.
    1971 - Isaac Hayes hit number 1 in the US with the "Theme from Shaft," a mostly instrumental track used in the “Shaft” movie, starring Richard Roundtree. It was Hayes' only million-selling single, although he did place seven other songs in the US Top 40, only one of which cracked the top 20.
    1971 - "Inner City Blues" becomes the third R&B Number One single from Marvin Gaye's, "What's Goin' On" album. The others are the title track and "Mercy, Mercy Me." The LP represents the first time a major Motown artist has taken a public stand on controversial social issues.
    1974 - The Justice Department filed suit against AT&T that later leads to the breakup of AT&T and its Bell System in 1984.
    1975 - Top Hits
“Island Girl” - Elton John
“Who Loves You” - Four Seasons
“That’s the Way (I like It)” - KC & The Sunshine Band
“Are You Sure Hank Done It This Way” - Waylon Jennings
    1976 - Woody Herman Band plus alumni play Carnegie Hall on their 40th anniversary (RCA BGL2-2203)
    1976 - Paul Simon hosts NBC's Saturday Night Live where he duets with George Harrison on "Here Comes The Sun" and "Homeward Bound." Paul McCartney and John Lennon are both in New York and watching the show on TV.
    1979 - The first transfusion of artificial blood took place at the University of Minnesota Hospital, Minneapolis, MN. The patient was a Jehovah’s Witness who, on religious grounds, refused a transfusion of real blood. Dr. Robert Anderson injected the patient with Fluosol, an artificial blood substitute developed in Japan.
    1982 - The University of California football team defeated Stanford University, 25-20, on a most unusual last play. Stanford was ahead, 20-19, and had to kick off with only a few seconds left. The Cal players knew that if any of them were tackled, the game would be over. They began an unscripted series of five laterals that landed them in the end zone after they dodged all the Stanford players and the Stanford band which had rushed onto the field prematurely. The Stanford band today is quite unique and iconoclast, it is said, having contributed to the lost game because they came on the field too early in celebration of the “victory” and prevented the Stanford players from tackling the Bears running loose toward the end zone.
    1983 – The Washington Redskins’ John Riggins sets an NFL record by rushing for a touchdown in his 12th straight game. The score is his record-tying 19th rushing touchdown of the year. The streak ended at 13 consecutive games while Riggins went on to establish an NFL record with 24 touchdowns for the year.
    1983 - Top Hits
“All Night Long (All Night)” - Lionel Richie
“Say Say Say” - Paul McCartney & Michael Jackson
“Uptown Girl” - Billy Joel
“One of a Kind Pair of Fools” - Barbara Mandrell
    1984 - The largest crowd to see the unveiling of a Hollywood Walk-of-Fame star turned out as Michael Jackson got his piece of the sidewalk right in front of Mann’s Chinese Theatre in Los Angeles. ‘The Gloved One’ became star number 1,793 on the famed walk.
    1985 – Microsoft Windows 1.0 was released to the public.  Microsoft founder, Bill Gates, had worked with Apple Computer founder Steve Jobs to develop applications for Apple's January 1984 original Macintosh, the first mass-produced personal computer with a graphical user interface.  Windows 1.0 was released as the first version of the Windows line. It runs as a graphical, 16-bit, multi-tasking shell on top of an existing MS-DOS installation, providing an environment which can run graphical programs designed for Windows, as well as existing MS-DOS software. Gates was motivated after seeing a demo of a similar software suite known as Visi On at COMDEX.
    1988 - Thunderstorms developing ahead of a fast moving cold front produced severe weather in the Upper Ohio Valley and the Middle Atlantic Coast Region during the afternoon and early evening. Thunderstorm winds gusted to 69 mph at Kennedy Airport in New York City, and winds along the cold front itself gusted to 56 mph at Cincinnati, OH. The same storm produced snow in Kansas, Missouri and Illinois, with eight inches reported at Rolla, MO.
    1989 - An unusual out-of-season severe outbreak occurred across the northeast with 193 reports of damaging winds in New York, Pennsylvania and New Jersey. Winds gusted to 94 mph at Newburgh, NY, 86 at Harrisburg, PA and Hammonton, NJ. Tornadoes touched down at McAlveys, NY and Seaside Park, NJ
    1990 - Due to his unruly behavior toward the umpires in Game 4 of the ALCS, Roger 'the Rocket' Clemens is suspended for the first five games of the 1991 season and is fined $10,000.
    1991 - Top Hits
“Cream” - Prince & The N.P.G.
“Can’t Stop This Thing We Started” - Bryan Adams
“When a Man Loves a Woman” - Michael Bolton
“Shameless” - Garth Brooks
    1993 - The Senate Ethics committee issued a stern censure of California senator Alan Cranston for his "dealings" with savings-and-loan executive Charles Keating.
    1997 - A.C. Green of the Dallas Mavericks set an NBA record for consecutive games played, 907, when he took the floor for the Mavericks’ game against the Golden State Warriors. Green began his streak on November 19, 1986, when he played for the Los Angeles Lakers. It continued as he moved to the Phoenix Suns and then to the Mavericks.  His accomplishment was noted with an elaborate halftime ceremony that included appearances by Randy Smith, the man whose record Green broke, and baseball’s iron man, Cal Ripken.
    2000 - The landmark 1915 Albert S. Samuels clock at 856 Market Street, San Francisco, was restored following a 10-year respite.
    2001 - Ichiro Suzuki becomes only the second player in Major League history to win the Most Valuable Player Award and Rookie of the Year in the same year. The 28-year-old Mariner outfielder joins Red Sox freshman outfielder Fred Lynn, who accomplished the feat in 1975, as the only other rookie to win the MVP.
    2008 - The 35-year reign of George Steinbrenner as the Yankees boss officially ends when the MLB owners unanimously approve of his son taking control of the franchise. Hal Steinbrenner was appointed co-chairmen of the team along with his brother Hank at the start of last season when it became evident their 78-year old dad was gradually reducing his role as the owner of the storied franchise. The Boss, in failing health, died in 2010.
    2008 - After critical failures in the US financial system began to build up after mid-September, the Dow reached its lowest level since 1997.  These were the first consequences of what would become the Great Recession, so-called only because The Great Depression already occurred in the 1930s.
    2008 – Ponzi scheme architect Bernie Madoff was arrested by the Federal Bureau of Investigation (FBI) on a criminal charge of securities fraud. According to the criminal complaint, the previous day he had told his sons that his business was "a giant Ponzi scheme."  Given the billions involved, they should rename the crime a Madoff scheme.  Federal Judge Chin sentenced Madoff to 150 years in prison, as recommended by the prosecution. Chin said he had not received any mitigating letters from friends or family testifying to Madoff's good deeds, saying that "the absence of such support is telling."
    2010 - NATO nations reached an agreement to begin handing over Afghanistan's security to the Afghanistan military by 2014.
    2014 - North Korea threatened nuclear tests, and activity has been detected at one of the nation's nuclear facilities; the threat was made after the U.N. recommended trying North Korean officials in the International Criminal Court for human rights crimes.
    2014 - President Barack Obama announced plans to delay deportation of about 4 million undocumented immigrants who have lived in the country for at least 5 years and have children who are legal residents or U.S. citizens.  In October, 2015, a federal appeals judge ruled this to be unconstitutional.

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