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Leasing Person of the Year
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Leasing Person of the Year
For outstanding leadership and direction, particularly recognizing the management and staff in divisions of executive leaders, office of the president, senior leaders, managing directors, sales leaders, and the various departments of finance/treasury, legal, HR, information technology, corporate communications/Marketing.
“Founded by CEO Tony Golobic in Cedar Rapids, Iowa in 1992, GreatAmerica is a $1.3 billion national commercial equipment finance company. GreatAmerica is dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. GreatAmerica is over 90% employee-owned and provides financing and niche market-focused services in all fifty states and several U.S. Territories and has a staff of nearly 400 employees with offices in Iowa, Minnesota, Missouri and Georgia.”
The company is well financed, including securitization highly rated by Fitch, purchased the “One GreatAmerica Plaza” building in downtown Cedar Rapids, a major building that also houses their operation; known for its three word slogan "Hard Work * Integrity * Excellence.”
As Bruce Kropschot, Senior Managing Director and Merger & Acquisition Advisory Practice Leader, The Alta Group, Leasing News Advisory Board Member wrote in the introduction to Leasing News’ article
“The Secret of Our Success:”
"Tony Golobic of GreatAmerica Leasing Corp. is the leader of a very successful company that has kept a relatively low profile...They were one of the few leasing companies able to tap the securitization market in 2009. The company has always been very conservative in its credit approvals, financing and accounting, areas that have derailed a number of their competitors."
As Leasing News Advisory Board Chairman, as well as Chairman of the CLP Foundation, Bob Teichman, Teichman Financial Training noted, "I believe that Tony Golobic fits the criteria far better. His philosophy is clear in his statement to Leasing News dated Jan 25, 2010, and Great America may well be the largest company on Leasing News’ list of companies that don't use Evergreen clauses. His reputation and influence may go a long way towards getting rid of this stain on the leasing industry."
As Hugh Swandel, Senior Managing Director, Canada, The Alta Group, Immediate Past President National Equipment Financial Association, and Leasing News Advisory Member observed, "I have always liked the way Tony Golobic has stuck to his business philosophy and principles over the years. Strong organic growth, tremendous corporate culture and a breed of executive that have been long term employees and seriously involved in the industry.
“Tony has never sought the limelight but has built one of the best performing lessors that has been tested through multiple economic cycles.
"I think if you look at some of the statistics on businesses that remain strong and profitable for greater than 10 years you will begin to understand the magnitude of Golobic’ s accomplishments. All business empires fall and the credit crisis showed us the importance of having the right stuff… Quiet leadership may not get the headlines but it does change the game over time."
Leasing News Advisory Board
Bob Teichman, CLP Teichman Financial Training, Sausalito, CA.
Steve Crane, CLP Bank of the West, San Ramon, CA
Christopher Menkin Saratoga, California
Former Leasing News Persons of the Year
2006--Paul Larkins, CEO, Key National Finance
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((As opened by readers---the most read daily news read stories by Leasing News. Note, feature articles by Leasing News writers and columnists as well as Alerts, Bulletin Board Complaints and lists, not included. Editor)
Key Equipment Finance/American Express/Sierra Cities/Rockford (01/12) Key Products Grow except Leasing
U.S. Bank Manifest Funding Services, Marshall, Minn. (01/12) U.S. Bancorp Loan Products Up, but Not Lease Financing; http://leasingnews.org/archives/Jan2012/1_19.htm#bancorp
HL Leasing, Fresno, CA (01/12) Kathleen Otto Found Liable for $114.5 Million Ponzi Scheme
Puget Sound Leasing/First Sound Bank, Bellevue/Seattle, WA (01/12) Court case settled; both bank and leasing company survive under new chairman who has excellent reputation.
ICON Capital--$1 Billion Lease Acquisitions-Up-date
Marquette Equipment Finance, Midvale, Utah (01/12) Acquired by PacWest Bancorp, to change name to Pacific Western Leasing. The New bank gives a lot of abilities to expand in the marketplace.
2012 Leasing Association Membership http://leasingnews.org/archives/Jan2012/1_11.htm#membership
Westover Financial/Santa Ana/Westover Capital, Tustin, CA (02/12) Accused of Multiple Grand Thefts, over $1 million and FBI may be interested as well as local district attorney.
U.S. Energy Capital, Greensboro, GA (02/12) Jim Borland reacquires company, back to work at age 70.
Balboa Capital, Irvine, CA (02/12) Mass Fax Class Action Case; company can’t seem to stay out of trouble.
Mount Pleasant Capital Corp. Warrendale, PA (02/12) Launches Major Franchise Lending Program; look out competition!
Inside LEAF and the Evergreen Clausehttp://leasingnews.org/archives/Feb2012/2_06.htm#leafuse
Five Years for Defrauding Leasing Companies http://leasingnews.org/archives/Mar2012/3_30.htm#vaughan
Robert Fine of NorVergence Fame http://leasingnews.org/archives/Mar2012/3_28.htm#finee
Westover Capital and Joe Woodley http://leasingnews.org/archives/Mar2012/3_16.htm#westover
Bulldog Truck & Equipment Sales, Cumming, Georgia (03/12) Tennessee Commerce Bank fails, lines with BullDog closed, assets and debt involved in FDIC settlement.
Northern Leasing Systems, New York City (04/12) New York AG sues for $10 million. Company previously won $180 million similar suit. lawsuit alleging the company siphoned more than $10 million in unauthorized debits from the bank accounts of more than 100,000 former customers, as well as extended leases beyond their original termination date in many states (Evergreen clauses are illegal in New York). Company denies charges (and court later rules innocent in charges made)
Five Point Capital, San Diego, CA (04/12) David Gilbert buys out his "partner," Greg Wells/Tamara McCourt, CLP, Michael Losey, Jason Norton released. Gilbert becomes CEO. http://leasingnews.org/archives/Apr2012/4_18.htm#five_point
Signature Bank Leasing, New York City (04/12) makes it official, press release on leasing division to be headed by Walter Rabin, and other former Capital One executives. http://leasingnews.org/archives/Apr2012/4_04.htm#release
More Behind City National’s purchase of First American Equipment http://leasingnews.org/archives/May2012/5_07.htm#purchase
Element Financial, Toronto, Canada (05/12) Acquires the vehicle fleet business from Scotiabank for $146.7 million, plus debt, and he receives a report $430 million of lease assets. Goes back to the market for more cash.
Chase Industries Grand Rapids, Michigan (05/12) Founder files BK, says Chase Industries is dissolved.
LEAF Financial/Commercial, New Jersey (05/12) Resource America/LEAF moving in different directions.
Ladco Financial Group dba Ladco Leasing, Thousand Oaks, California (06/12) $418,601 in civil penalties, restitution, and cost recovery; also requires that Ladco and Elavon cancel leases, release liens, terminate collection efforts, and provide updated status reports to credit-reporting agencies, for more than 100 impacted lessees. (violated California laws prohibiting unfair competition and misleading advertising; misrepresented the leases as being cancellable and lied about the cost of buying the equipment at the end of the lease, the court found. Clients were also misled about the length of the leases and were tricked into thinking their existing credit-card devices were obsolete.)
Capital One Commercial Leasing, McLean, Virginia (06/12) Dan McKew, former President of SunTrust Leasing, appointed President, Capital One Commercial Lending.
New Bank Leasing Companies and others, too http://leasingnews.org/archives/Jul2012/7_18.htm#new
Cole Taylor Bank Equipment Leasing, Townson, Maryland (07/12) Edward A. Dahlka, Jr., former president of LaSalle National Leasing Corporation (sold to Bank of America 2007 ), as well as past president of the Equipment Leasing and Finance Association (2002-2003) and Equipment Leasing and Finance Foundation (2010 -2011), and team from LaSalle to head new bank division.
Republic Bank, Bountiful, Utah (07/12) According to several reliable sources, Republic Bank, Bountiful, Utah stopped taking new leasing business two weeks ago.
Onset Financial PPR as Marquette, Mazuma, Tetra http://leasingnews.org/archives/Aug2012/8_03.htm#onset
New Case against Mazuma Capital and Republic Bank
Marlin Leasing, Mount Laurel, New Jersey (09/12) Stock on the rise moving from 52 week low of $9.76 to $20.90' top performer.
First Merit, Akron, Ohio (09/12) To acquire Citizens Republic Bancorp Inc. (Nasdaq: CRBC) of Flint, Mich., in a stock transaction valued at $912 million. In the joint announcement the companies stated the transaction "...creates a unique, contiguous Midwest banking franchise, expanding FirstMerit's footprint into Michigan and Wisconsin, as well as strengthening its presence in Northeast Ohio.”
IFC Credit, Morton Grove, Illinois (09/12) New Bulletin Board Complaint re: $1.00 out and Evergreen Clause from Commerce National Bank
Mazuma Capital Corp., Draper, Utah (09/12) Mazuma and Republic Bank Get Snared on PRR Provision in Equipment Lease http://leasingnews.org/archives/Sep2012/9_07.htm#mazuma
Republic Bank, Bountiful, Utah (09/12) Why out of leasing/in liquidation
East West Bank, Pasadena, CA (10/12) to cut back Healthcare Leases/Loans, Paul Appel no longer at bank: http://leasingnews.org/archives/Oct2012/10_29.htm#eastwest
Evergreen Leasing, South Elgin, Illinois (10/12)John Blazek, CLP, closes door. He was on the board of directors of the United Association of Equipment Leasing, very active, until his company Stratford Leasing filed bankruptcy in 2000. He then became a principal and vice-president of Metrolease involving alleged "double funding" between LaSalle Bank and Textron, who at the time left to start Evergreen Leasing.
(CapNet) Capital Network Leasing Corporation, Los Angeles, CA (10/12) no longer in business. In 2007 the company "was recently ranked #5 on the List of Best Places to Work in LA by the Los Angeles Business Journal.
Exclusive---"My Three Years with Sheldon Player"
On Deck, New York, New York (11/12) reaches $300 Million Delivered to Main Street with the help of 1500 distribution partners
Colford Capital, Norfolk, Conn.(11/12) Acquires Equilease Financial Services to Create North Mill Equipment Finance
Hitachi Capital America Corp/, Norwalk, Conn.(11/12) acquires the assets and operations of Michigan-based Hennessey Capital LLC. http://leasingnews.org/archives/Nov2012/11_02.htm#hitachi
Element Financial, Toronto, Canada (12/12) to Acquire Nexcap for $20 Million
Tristar Capital, Santa Ana, California (12/12) No longer in business, although it is reportedly winding down its portfolio and collecting residuals. http://leasingnews.org/archives/Dec2012/12_06.htm#tristar
Operation Lease Fleece---Raeder and Zuckerman Sentenced http://leasingnews.org/archives/Dec2012/12_19.htm#raeder
Ten Top Stories by each week: 2012
The List, Chronological:
(Leasing News provides this ad as a trade for investigations
Iowa Court Rules that Woman May be Fired
Woman Who is Perfect Employee, Who Never Flirts, May Be Fired for Simply Being “Too Attractive” and a Threat to Employer’s Marriage.
Melissa Nelson v. James H. Knight DDS, PC and James Knight 11-1857 (Iowa 2012)
I couldn’t resist this one, especially to begin the New Year. It shows that job gender prejudice is still with us, as I don’t believe this would happen to a member of my sex.
You’re forty years old, in perfect shape, do your job, dress appropriately and while attractive, you do not flirt with the boss. As long as you do your job and keep good attendance, your job is safe right? Wrong. You’re “too hot!” and can be fired.
The facts follow:
Melissa Nelson was a dental assistant and worked for Dr. James Knight for 10 years. She was a perfect employee in all respects except for one flaw—she was attractive and apparently irresistible. Dr. Knight told Nelson not to wear tight clothes, emailed and texted her dressing appropriately, as well as discussed “orgasms.” While on vacation, Dr. Knight’s wife got a hold of the texts and demanded that he fire Ms. Nelson to preserve the marriage. Mr. Nelson and Ms. Knight sat down with a Minister present and he told her that she was too big a temptation. The trio also met with Ms. Nelson’s husband. Ms. Knight told Mr. Nelson that nothing was going on but that he feared he would try to have an affair with her down the road if he did not fire her. Nevertheless, he fired her…She sued!
The question before the Court was could a male employer terminate a female employee because the employer’s wife, due to no fault of the employee, is concerned about the nature of the relationship between the employer and the employee? The answer is yes.
Ultimately, this case can be viewed essentially about the preventive, preemptive termination of an employee to avoid committing sexual harassment. The Iowa Court found that given there was no alleged sexual harassment (I’m not sure I agree, given the texts about orgasms), Nelson was not fired because she was a woman: She was terminated because she was too attractive—and that is not discrimination.
Previous Tom McCurnin Articles:
Leasing Industry Help Wanted
For information on placing a help wanted ad, please click here:
Please see our Job Wanted section for possible new employees.
Headhunter?---I need a Recruiter!
Question: What exactly is a Headhunter?
Answer: At one time the word was slang, but is now accepted by Webster’s dictionary as “a personnel recruiter for a corporation or executive recruitment agency.”
The role of encompasses tasks including, but not limited to, advising, consulting, facilitating, researching, etc….
Recruiters do have some influence over whether or not you get a job, but the employer makes the final decision.
Recruiters aka Headhunters are the gatekeepers of the hiring process. In most cases, we serve as your first and last point of contact with a potential employer before the hiring decision is made. At RII, it is imperative that both our Clients AND Candidates are pleased with the employment arrangement; we seek out the BEST LONG-TERM fit for both parties.
What We Do
· Recruiters are hiring specialists who work with Hiring Managers / Companies to locate (source, research and "place" employees)
· We typically oversee all administrative tasks of the hiring process e.g. post job ads, screen Candidates, conduct pre-interviews and, in most cases, present offers
· Additionally, we run background checks and screen references - if you've fibbed on your resume, the recruiter is the person who's most likely to find out
The Inside Scoop
· Recruiters are “multi-taskers.” We have to be – never assume the Recruiter is only working to fill the position you are interested in
· On one side, Recruiters have hundreds of anxious job seekers; on the other, Hiring Managers who want their positions filled with the BEST Candidates
· In addition, some Recruiters handle more than just recruiting - some companies task Recruiters with HR duties (managing benefits, employee training, etc.)
· We learn to become "tough graders" – as we can spot errors on a resume in seconds: Be sure your resume is concise, well organized and error-free (marketable!!) – don’t forget your submittal / resume is a reflection on the Recruiter!
· Lastly, follow instructions in job ads to the letter e.g. filling out profiles, etc… Recruiters face mounds of resumes daily and those not assisting in the “process” will be dismissed as not being serious or difficult to work with
Bottom line, the right Headhunter can only benefit you in your Career Search …The right one is the Recruiter who understands your current and future career goals AND has your best interests in mind.
Career Crossroads Previous Columns
Who is the Owner of the Equipment?
Most of you in the Commercial Equipment Leasing industry know to qualify this question with; what kind of lease is it and who is asking? Because there is tax ownership, legal ownership, accounting ownership, and property tax and sales tax ownership and the qualifications for each is different.
To begin with we have two types of equipment; titled equipment and untitled equipment. Titled equipment state the actual legal owner but does not define tax ownership. Untitled equipment is judged by the uniform commercial code for legal purposes and it requires possession and a bill of sale to pass proper ownership.
Federal Income tax requirements only allow the capital recovery benefits (MACRS depreciation) to be taken by the owner. The owner is determined by the qualification of substance over form. Therefore, for the lessor to be the owner for income tax the lease must follow the idea that title may never pass to the lessee for a bargain and the lease cannot exceed 80% of the useful life of the equipment. In addition the burdens and benefits of ownership have to be retained by the lessor.
Article 2A (and Article 10 in California) defines protections and requirements for the lessor to be considered the owner and have the rights of ownership. If the lease fails these requirements, then the transaction becomes an Article 9 (a lease intended as a security) and the lessee has all the rights of ownership. The requirements of Article 2A are much like the tax requirements in as much as it disallows the lease if it contains a bargain purchase option or exceeds 80% of the equipment’s useful life.
Article 2A also requires that the lessee be given the supply contract (warrantees and guarantees) from the vendor to protect the lessor from being responsible for equipment performance. This is a three party lease, lessor, lessee, and the vendor. If the seller (vendor) is the lessor, then they will be responsible for equipment performance.
Accounting ownership allows the expense for the lessee to be depreciation plus interest expense by discounting the lease payments at their incremental bowering rate (average cost of money over a like term) to determine the cost to be amortized and subtracting the answer from the total rent to determine the amount of interest to be amortized; or if it meets the current requirements for operating leases, the lease payment will be expensed as rent expense. Ownership is not of much importance as is the discount of the lease payments to determine how to amortize the lease payments.
The owner of record owes the property and sales tax when it becomes due regardless of the type of lease (except municipal leases). Any transactions that are done with a lease agreement means the ownership for property tax is the lessor until the ownership is passed at termination. Therefore even though the purchase option is $1, the lessor must send a bill of sale to the lessee to avoid future property tax. The lessee already has possession. In vehicle leasing, the Department of Motor Vehicles should be informed that the responsibility is now passed to the lessee (the new owner).
Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at email@example.com or 502-649-0448.
He invites your questions and queries.
Previous #102 Columns:
(This ad is a “trade” for the writing of this column. Opinions
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German Shorthaired Pointer
“George is a purebred white and liver GSP N/M 4 year born 5/8/2008. He is active, fun, friendly, outgoing, loving guy. He is about 64 pounds
We took him into rescue from an elderly breeder as a pup ...we placed him in a loving home with secure fencing in the backyard ,but unfortunately ,now George needs a new home.
While George is great with dogs, (his best friend is a yorkie) but he is not good with cats that come into his yard)
“His family decided that while George is great with dogs, even at Marymoor even at Marymoor 40 acre off-leash park and he goes often, they cannot deal with him going after a cat in his front yard, which is where they have an invisible fence (George stays in his yard). Below is great GSP info link to give you more breed info :
“Obviously, we recommend a home without cats, he is good with dogs, he is a sweet boy but might be too high energy for little ones so children 7 plus.
“He spends his days and nights indoors and running in his yard ...he also goes out exercising often (hiking on trails and running off-leash at Marymoor 40 acre dog area )...please "do NOT expect him to exercise himself in the yard."
“George is house trained, good off-leash in a safe area, knows commands sit, down, come ... His family has taken training classes with him ...He needs to continue with consistent and positive training as he is strong and young for GSP.
“George is good in the house (just don't leave food unattended on the counter until he learns the rules of the house) ...He is great in the car and he even goes on RV trips around the county with his family !
George is neutered, vet checked, fully vaccinated DHPP, Bordetella and Rabies plus he has a microchip implanted.”
Seattle Purebred Dog Rescue, Seattle, WA
NESCO Acquires Utility Equipment Leasing Corp.
Celadon snaps up two more lease trucking companies
Regulators Ease Key Bank Rule to Spur Credit
Bank payouts expected
Swiss bank Wegelin to close after US tax evasion fine
Madoff Aside, Financial Fraud Defies Policing
The bizarre tale of John McAfee, spymaster
SparkPeople--Live Healthier and Longer
SparkPeople--Live Healthier and Longer
Chip Kelly won't go to NFL
Seahawks could tell Robert Griffin III wasn't right and took full advantage
RG III should have come out of the game
Blackhawks fans, shops cheer end to NHL lockout
49ers must avoid quarterback duel in NFL playoff game against Packers
American Football Poem
I need you, by me,
So let's dance, the last dance
Last dance, last dance for love
Oh, I need you, by me,
So let's dance, the last dance
Yeah, will you be my Mr. Right?
Oh I need you, by me,
So let's dance, this last dance
Oh I need you, by me,
So, come on baby, dance that dance
Singer and Composer:
Now tons of scrap, Sunnyvale Lockheed facility's Sea Shadow leaves a stealthy, high-tech legacy
A day for whale watching
Monarch butterflies back at Fremont grove
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Study: Three Firms Account For Half of US Wine Sales
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This Day in History
1782- The first commercial bank in the US, the Bank of North America, was opened at Philadelphia, PA. The bank was the brainchild of Robert Morris. Despite the bank's success, Philadelphia's run as America's leading home of private financial institutions was short-lived. Soon after the Bank of North America opened, the Pennsylvania legislature moved to outlaw private banks in the state, a decision that led scores of prospective bankers to set up shop in the nation's eventual financial center, New York City.
1784-David Landreth established the first organized seed business in Philadelphia, PA. Previously, seeds had been imported from Europe or saved from each crop by individual farmers. The firm incorporate din 1904 as the D. Landreth Seed Company, later became a subsidiary of the Robert Buist company, founded in Philadelphia, in 1828.
1789 - The first national presidential election in the United States was held.
George Washington Virginia No Party 69 85.2%
John Adams Massachusetts No Party 34 42.0%
John Jay New York No Party 9 11.1%
Robert Harrison Maryland No Party 6 7.4%
John Rutledge South Carolina No Party 6 7.4%
Other - - 14 17.3%
Electoral votes not cast - 24 29.6%
Note that prior to the ratification of Amendment XII to the Constitution in 1804, each Elector cast two votes for President (instead of one vote for President and one vote for Vice President). The candidate receiving the most votes became President and the candidate receiving the second most votes became Vice President. George Washington received one vote from each elector (that cast a ballot). The New York legislature failed to appoint its allotted 8 Electors in time. Two Electors from Maryland did not vote. One Elector from Virginia did not vote and one Elector was not chosen because an election district failed to submit returns.
1800- Millard Fillmore birthday, 13th president of the US (July 10, 1850—Mar 3,1853). Fillmore succeeded to the presidency upon the death of Zachary Taylor, but he did not get the hoped-for nomination from his party in 1852. He ran for president in 1856 as candidate of the “Know-Nothing Party,” whose platform demanded, among other things, that every government employee (federal, state and local) should be a native-born citizen. Fillmore was born at Summerhill, NY, and died at Buffalo, NY, Mar 8,1874. Now his birthday is often used as an occasion for parties for which there is no other reason.
1806 -- The Cherokee nation cede 7,000 square miles of land in Tennessee and Alabama.
1824- the first boxing arena in America had its first fight between Tom Springs and Jack Langan, the Irish champion. The arena was specifically built for this site and had about 4,000 seats, plus room for 22,000 people to stand. Admission was 10 shillings ( $2.50), half o which went to the fighters. This was a lot of money in its day as average monthly earnings were $8 to $10 a month.
1830- the first passenger board the first commercial transportation of passengers and freight, the Baltimore and Ohio Railroad Company. Tickets were 9 cents each, or three for 25 cents, for a ride from Pratt Street in Baltimore to the Carrolton Viaduct. At first, passengers rode primarily for the novel experience.1891, birthday of Zora Neal Hurston, born in Eatonville, Florida, the first incorporated black town in the United States. The dialects, customs, and folklore of the people of Eatonville and of rural Florida would continue to inform Hurston's work for the rest of her career.http://memory.loc.gov/cgi-bin/query/D?amtoday:1:./temp/~ammem_dZif ::
1848- Lt. Lucian Loeser arrived in Washington with 230 ounces [6.5 kg] of gold stuffed into a tea caddy. It was placed on display at the War Department and caused much excitement.
1861- Florida troops takeover Fort Marion at St Augustine. The Confederates take over many forts, until Union Troops invade Florida, taking back some of the forts, securing ports, to cut off trade with European.http://www.nps.gov/casa/
1862- An advance guard of Confederates was defeated by about 2,000 Federals under Col. Dunning at Blue's Gap in Romney, West Virginia.
1864 -- Mary Kenney O'Sullivan (1864-1943), first American Federation of Labor (AFL) woman organizer, born, Hannibal, Missouri. A skilled bookbinder, she organized the Woman's Bookbinder Union in 1880 & a founder of the National Women's Trade Union League (WTUL) in 1903.
1865 -- Near present-day San Angleo, 370 Texas militiamen attacked what was assumed to be an encampment of 1400 Comanche's (they were actually peaceful Kickapoo). This engagement, called the Battle of Dove Creek, was one of the last battles in Texas between Anglos & Native Americans. The militia lost 36 men, with 60 wounded; the Indians lost 11, with 61 wounded.
1867 -- Emily Balch birthday. Co-founder of Women's International League for Peace & Freedom.
1873 - A blizzard raged across the Great Plains. Many pioneers, unprepared for the cold and snow, perished in southwest Minnesota and northwestern Iowa.
1887 - In April 1884, Thomas Stevens started what would be the first completed worldwide bicycle trip. Stevens and his bike traveled 13,500 miles, to arrive back in San Francisco, California nearly three years later.
1891-Birthday of Novelist, folklorist, dramatist, and anthropologist Zora Neale Hurston , in Eatonville, Florida, the first incorporated black town in the United States.
1890-Birthday of African-American W. B. Purvis, inventor, patent holder of the fountain pen.
1886 - a severe cold wave in the southern section of the country brought the worst freeze since 1835 in Florida.
1894 - W.K. L. Dickson was given a patent for motion picture film. The 2 second demonstration was a 47-frame film showing a man sneezing.
1896 -- Fannie Farmer publishes her first cookbook
1901-Birthday of African-American writer Zora Neale Hurston, born Eatonville, Fla., was an all-black town. Although at the time of her death in 1960, Hurston had published more books than any other black woman in America, she was unable to capture a mainstream audience in her lifetime, and she died poor and alone in a welfare hotel. Today, she is seen as one of the most important black writers in American history. Unfortunately, near the end of her life she worked as a maid and died in poverty. In the 1970s, her work, almost forgotten, was revived by feminist and black-studies scholars, and an anthology, I Love Myself When I Am Laughing...And Then Again When I Am Looking Mean and Impressive, was published in 1979.
1908—Birthday of trumpet player Henry “Red” Allen
1913- Tucson, AZ set its all time record low temperature with a frigid 0 degrees.
1913- William M. Burton of Chicago, Il., received a patent for the “manufacture of gasoline.” He developed the thermal-cracking technique for refining oil. His method of treating the residue of the paraffin group of petroleum by distillation and condensation of the vapors was used by the Standard Oil Company of Indiana, to whom the patent was assigned. Died 1958.
1921-Birthday of Charles Loloma, a major influence on modern Native American art and was famous for changing the look of American Indian Jewelry. A painter, sculptor and potter, he was best known for his jewelry, which broke tradition with previous Indian styles using materials such as coral, fossilized ivory, pearls and diamonds. Loloma was born at Hotevilla on the Hoopi Indian Reservation and died June 9, 1991, at Scottsdale, AZ
1924 - George Gershwin completed the score for his classic Rhapsody in Blue. He was only 26 years old. Gershwin did not have an interest in music until his family bought him a piano when he was twelve. Nine years later he had his first hit, at age 21,"Swanee", with lyrics written by Irving Caesar
1925-Drummer Sam Woodyard born, Elizabeth, NJ.
1926 - George Burns and Gracie Allen were married by a Justice of the Peace in Cleveland, Ohio. They had been a comedy team for 4 years prior to getting married, and worked successfully for decades together in radio, film, and television until Allen's fatal heart attack in 1964. 1950 - In Nashville, Tennessee, Ernest Tubb made his first appearance at "The Grand Ole Opry". Ernest also did a daily 15-minute radio program that was very popular in West Texas. In fact, the show was so popular, Tubb bought the radio station that aired the program for years, KGKL in San Angelo, Texas.
1927- the inauguration of the transatlantic commercial telephone service began when Walter Sherman Gifford, president of the American Telephone and Telegraph Company, who was in New York, talked to sir George Evelyn Pemberton Murray, secretary of the British Post Office, who was in London. Thirty-one commercial calls were made the first day. The charge was $75 for a three minute conversation. The first private conversation was made by Adolph Simon Ochs, publisher of the New York Times, to Geoffrey Dawson, editor of the Times of London. The messages were transmitted from Rocky Point, NY.
1927 -- Harlem Globetrotters, basketball team, make their debut.http://www.africana.com/Articles/tt_059.htm
1935-Birthday of clarinet player Kenny Davern, Huntington, NY
1931- The nation was mired in the depths of the Great Depression. On January 7, the Committee for Unemployment Relief, formed at President Hoover's command in October 1930, released a report that detailed the depths of the nation's woes. According to the committee, some 4 to 5 million Americans were unemployed. However, the Depression only continued to grow worse, which further swelled the unemployment rolls; by 1932, some 13 million Americans were without jobs. 1934 -Converted major league baseball player Billy Sunday, at age 72, began a two-week revival at Calvary Baptist Church in NY City. (Sunday was an evangelist from 1893 until his death in 1935.
1935 -- Emma Goldman talks to Jewish audiences -- the Temple Emanu-El adult school today, the second meeting arranged by Rabbi Harry Stern, & the women's branch of the Arbeiter Ring on Jan. 12 -- which are well received. anarchist feminist
1938-Birthday of singer, pianist Paul Revere, born Harvard, NE.
1939- The United States Trotting Association, the governing body for the sport of harness horse racing, was founded in Indianapolis, IN, at a meeting called by horseman Roland Harriman. The founding was actually a joining of several regional organizations resulting in uniform rules and regulations This unification spurred the growth of harness racing, now followed by nearly 25 millions fans in North America each year.
1939 -- Tom Mooney, a labor activist wrongly convicted of murder in the San Francisco Preparedness Day bombing in July 1916, is freed after 22 1/2 years in jail on false charges, granted an unconditional pardon by Governor Culbert Olson.
See: Frame-up by Curt Gentry, © 1967, WW Norton, New York; Life of an Anarchist: The Alexander Berkman Reader , ed. Gene Fellner, Four Walls Eight Windows, New York: 1992.
1940- Gene Autry's musical variety show premieres on CBS radio, where it will run for the next 16 years. Autry was born in Tioga, Texas, in 1907, the son of a livestock and horse trader who was also a Baptist minister. The family later moved to Oklahoma. In high school, Autry worked as a railway telegrapher at the local railroad depot, where he spent slow moments strumming his $8 guitar and singing. Passing through the depot one day, a stranger-who turned out to be Will Rogers-suggested that Autry try singing on the radio. Inspired, Autry traveled to New York City to look for a singing job but had no luck. Back home, he began working for a local radio station and found success as "Oklahoma's Yodeling Cowboy.” Eventually, Autry and railroad dispatcher Jim Long wrote several country songs, including the world's first gold record, "That Silver-Haired Daddy of Mine." Autry became a regular on Sears Roebuck's National Barn Dance, the forerunner of the Grand Ole Opry. In 1934, producer Nat Levine was looking for a guy who could sing, ride a horse, and act in western movies. Autry wasn't an actor but had already established a loyal radio audience, so Levine put him in numerous B-grade westerns. Playing the lead role in a long-running series of Saturday matinee films, Autry became "America's favorite cowboy." In 1940, his musical variety radio show, Gene Autry's Melody Ranch, debuted and took only one hiatus, when Autry joined the Army Air Corps after taking his oath on the air in 1942 (Roy Rogers took his place on the television show while he was gone). He became America's favorite TV cowboy in 1950 when he debuted The Gene Autry Show, which ran through 1956. In each episode, he and his sidekick, Pat Buttram, rode from town to town, maintaining law and order. From "Back in the Saddle Again" to yuletide mainstays such as "Rudolph the Red nosed Reindeer" and "Frosty the Snowman," Autry's music has etched itself into Americana. The cowboy was also an entrepreneur; he owned hotels, gas stations, and the California Angels baseball team, among other ventures. He also owned a television production company and was proud of discovering "Annie Oakley" star Gail Davis, whom he had featured in dozens of his movies and television program episodes and who had performed in his traveling rodeo. Her appearances spun off into her own series, which Autry's company produced. Autry was inducted into the Country Music Hall of Fame in 1969.
1942- Paul Revere of Paul Revere and the Raiders birthday, born Harvard, Nebraska.
1944--SPECKER, JOE C. Medal of Honor
Rank and organization: Sergeant, U.S. Army, 48th Engineer Combat Battalion. Place and date: At Mount Porchia, Italy, 7 January 1944. Entered service at: Odessa, Mo. Birth: Odessa, Mo. G.O. No.. 56, 12 July 1944. Citation: For conspicuous gallantry and intrepidity at risk of life, above and beyond the call of duty, in action involving actual conflict. On the night of 7 January 1944, Sgt. Specker, with his company, was advancing up the slope of Mount Porchia, Italy. He was sent forward on reconnaissance and on his return he reported to his company commander the fact that there was an enemy machinegun nest and several well-placed snipers directly in the path and awaiting the company. Sgt. Specker requested and was granted permission to place 1 of his machineguns in a position near the enemy machinegun. Voluntarily and alone he made his way up the mountain with a machinegun and a box of ammunition. He was observed by the enemy as he walked along and was severely wounded by the deadly fire directed at him. Though so seriously wounded that he was unable to walk, he continued to drag himself over the jagged edges of rock and rough terrain until he reached the position at which he desired to set up his machinegun. He set up the gun so well and fired so accurately that the enemy machine-gun nest was silenced and the remainder of the snipers forced to retire, enabling his platoon to obtain their objective. Sgt. Specker was found dead at his gun. His personal bravery, self-sacrifice, and determination were an inspiration to his officers and fellow soldiers.
1945- Anthony Richard ( Tony) Conigliaro, Baseball player born at Revere, MA. Cnigiliaro led the American League in home runs in 1965 and was one of the most beloved Boston Red Sox players of his generation. He was beaned by jack Hamilton on August 18,1967, and after missing all of 1968, made a comeback. Died at Boston, Feb 24, 1990.
1945---SHOUP, CURTIS F Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company I, 346th Infantry, 87th Infantry Division. Place and date: Near Tillet, Belgium, 7 January 1945. Entered service at: Buffalo, N.Y. Birth: Napenoch, N.Y. G.0. No.: 60, 25 July 1945. Citation: On 7 January 1945, near Tillet, Belgium, his company attacked German troops on rising ground. Intense hostile machinegun fire pinned down and threatened to annihilate the American unit in an exposed position where frozen ground made it impossible to dig in for protection. Heavy mortar and artillery fire from enemy batteries was added to the storm of destruction falling on the Americans. Realizing that the machinegun must be silenced at all costs, S/Sgt. Shoup, armed with an automatic rifle, crawled to within 75 yards of the enemy emplacement. He found that his fire was ineffective from this position, and completely disregarding his own safety, stood up and grimly strode ahead into the murderous stream of bullets, firing his low-held weapon as he went. He was hit several times and finally was knocked to the ground. But he struggled to his feet and staggered forward until close enough to hurl a grenade, wiping out the enemy machinegun nest with his dying action. By his heroism, fearless determination, and supreme sacrifice, S/Sgt. Shoup eliminated a hostile weapon which threatened to destroy his company and turned a desperate situation into victory.
1946- Rolling Stone publisher Jann Wenner birthday, born NY, NY.
1946 - A tornado rips through Tupelo, MS, forcing a t en-year-old Elvis Presley into the cellar with his mother, Gladys.
1948-Birthday of singer Kenny Loggins, born in Everett, Washington. He wrote the "House at Pooh Corner," a hit for the Nitty Gritty Dirt Band, before teaming with Jim Messina for several albums and the top-10 single "Your Mama Don't Dance" in the 1970's. The duo split in 1976, and Loggins did well on his own with such hit singles as "Footloose," the theme from the 1984 movie, and "Danger Zone" in 1986. 1949-Birthday of singer Tom Waits, Ponoma, CA
1950-- Nova Scotia native Hank Snow made his debut on the Grand Ole Opry. Later that year, his recording of "I'm Movin' On" stayed on the Billboard country chart for 44 weeks, selling more than a million copies.
1950-- Gene Autry's "Rudolph, the Red-Nosed Reindeer" hits #1
Tennessee Waltz - Patti Page
The Thing - Phil Harris
Nevertheless - Jack Denny
I Love You a Thousand Ways - Lefty Frizzell
1952 -- Actor Phillip Loeb, blacklisted in 1950 as a possible Communist sympathizer, is fired from highly successful TV comedy "The Goldbergs" because no one would sponsor it otherwise.
1954 - The Duoscopic television receiver debuted, it allowed the viewer to watch two different shows at the same time. It was a very early, very primitive, picture-in-picture, split-screen, tested in New York City and Chicago, Illinois. DuMont Laboratories, owner of the DuMont Television Network produced the set.
1954-- Muddy Waters records "Hoochie Coochie Man"
1955- Metropolitan Opera House, New York City, Marian Anderson, contralto, became the first African-American opera singer when she sang the role of the fortune teller Ulrica in Giuseepe Verdi's “Un Ballo in Maschera.”
( lower half of: http://memory.loc.gov/ammem/today/jan07.html )
1956-- Dean Martin's "Memories Are Made of This" hits #1
1957-Birthday of Katie Couric, born Arlington, Virginia. She was co-anchor of "The Today Show" starting in 1991 and in 2007 became CBS News Anchor.
1958 - The Gibson Guitar Company patented the Flying V guitar, favorite instrument of many rock musicians
The Chipmunk Song - The Chipmunks
Smoke Gets in Your Eyes - The Platters
Problems - The Everly Brothers
City Lights - Ray Price
1959- "GE College Bowl" quiz show premieres on NBC TV
1962 -- The Western Division defeats the Eastern Division 47-27 in the first AFL All-Star Game played before 20,973 in San Diego.
1962-- Chubby Checker's "The Twist" hits #1 -- again
1964-Mario Savio, leader of Berkeley Free Speech Movement, arrested. Univ. of California-Berkeley administration makes a presentation at the Greek Theatre to 18,000 students; followed by strike by 9,000 of the 27,000 students, and a faculty resolution (824 to 115) supporting the rapidly growing Free Speech Movement. I covered this for KFRC News and UPI Audio.
I'm a Believer - The Monkees
Snoopy Vs. the Red Baron - The Royal Guardsmen
Tell It Like It Is - Aaron Neville
There Goes My Everything - Jack Greene
1968 - Postage rates in the United States went up by a penny; making the cost to send an ounce of mail six cents.
1971- the temperature at Hawley Lake, AZ dipped to 40 degrees below zero, setting a new record low temperature for the state.
1972- The Los Angeles Lakers defeated the Atlanta Hawks, 134-90, to win their 33rd game in a row, an NBA record.
1972-The NCAA announced that freshmen would be eligible to play varsity football and basketball starting in the fall of 1973.
Lucy in the Sky with Diamonds - Elton John
You're the First, the Last, My Everything - Barry White
Kung Fu Fighting - Carl Douglas
The Door - George Jones
1978-The soundtrack album of the hit disco movie "Saturday Night Fever," featuring the Bee Gees, the Trammps, Tavares, K.C. & the Sunshine Band, Kool & the Gang, MFSB and others enter the soul album chart. It will peak at Number One for six weeks starting February 18 in its 39 weeks on the chart.
1978--The Bar-Kays' "Let's Have Some Fun" enters the soul charts
1979 - Vietnamese forces, aided by Cambodian insurgents, captured Phnom Penh after a two-week invasion and overthrew the Khmer Rouge regime of Pol Pot.
1979 - In the AFC title game, the Pittsburgh Steelers beat the Houston Oilers 34-5 for a Super Bowl trip and their third AFC championship title. They played in a steady rain at Three Rivers Stadium. In the NFC championship game, the Dallas Cowboys shut out the Los Angeles Rams 28-0. (The Steelers beat the Cowboys 35-31 in Super Bowl XIII Jan 21.)
1980--Led Zeppelin's "In Through the Out Door" is awarded a platinum disc. It's the last album issued before the September 25th death of drummer John Bonham.
1981-The "Eagles Live" album goes platinum. The two-record set will turn out to be the final Eagles album until 1994's comeback LP, "Hell Freezes Over".
1982 - The Islanders' Bryan Trottier had his 10th career hat trick.
1982-"Hooked on Classics," using the extended medley format made popular by "Stars on 45," sets popular classical music to a disco beat. The result: It goes platinum on this date.
Maneater - Daryl Hall & John Oates
The Girl is Mine - Michael Jackson /Paul McCartney
Dirty Laundry - Don Henley
Wild and Blue - John Anderson
1984-The Seattle Seahawks reached the AFC Title game for the first time in their history but were defeated by the Los Angeles Raiders, 30-14.
1989 - A tornado in southern Illinois obliterated half the community of Allendale, injuring fifty persons and causing more than five million dollars damage, while thunderstorm winds gusting higher than 100 mph caused ten million dollars damage at Franklin KY. Twenty-five cities, from the Gulf coast to Michigan, reported record high temperatures for the date.
1990 - A rapidly intensifying low pressure system and a vigorous cold front brought heavy rain and high winds to the Pacific Northwest. Two to five inches rains soaked western Washington and western Oregon, and winds gusting above 70 mph caused extensive damage. Wind gusts on Rattlesnake Ridge in Washington State reached 130 mph
Justify My Love - Madonna
High Enough - Damn Yankees
Love Will Never Do (Without You) - Janet Jackson
I've Come to Expect It From You - George Strait
1992 -a rare January thunderstorm rumbled over Sioux Falls, SD. This was the first January thunderstorm recorded in the city since 1939. Meanwhile, thunderstorms produced 6 tornadoes (one F2 and five F1) near Grand Island, NE -- the first tornadoes ever recorded in Nebraska during January.
1993-Michael Jordan scored 35 points to lead the Chicago Bulls to a 130-95 win over the Milwaukee Bucks. The points gave Jordan exactly 20,000 in the 620 th game of his career and made him the second fastest NBA player to reach the mark behind Wilt chamberlain, who did it in 499 games.
1995 - a severe thunderstorm produced a downburst wind gust to 146 mph at Seymour-Johnson AFB in Goldsboro, NC.
1996 - A blizzard paralyzed the Eastern U.S. The storm moved slowly, taking five days to reach New England from the Gulf of Mexico. The National Weather Service called it a storm of “historic proportions” with more than two feet of snow in the Baltimore and Washington, DC area. The mountains of Virginia and West Virginia got up to three feet. More than 100 deaths were blamed on the storm -- the majority from heart attacks. This event was the second in an unrelenting, paralyzing "siege of snowstorms" along the east coast during a ten day period.
1997 - In Los Angeles, California, Heidi Fleiss, known as the "Hollywood Madam", was sentenced to 37 months in prison for cheating on her taxes, laundering call-girl profits, and conspiring to hide her wrongdoing. According to news sources, Fleiss choked back tears, saying, "I'm sorry. I'm a different person now"
1999--Alan Kaufman, SF poet, published his anthology of poetry:
The Outlaw Bible of American Poetry
2010--According to Nielsen SoundScan's final 2009 figures, Michael Jackson was the bestselling artist of the year, moving 8,286,000 units. Forty years after their break-up, The Beatles were still the best selling group, thanks to their remastered catalog which sold 3,282,000 copies. Digital downloads however, were a different story. Lady Gaga was the queen of the downloads, selling 15,297,000 digital tracks. The Black Eyed Peas, Michael Jackson and Taylor Swift all finished in the vicinity of 12 million digital units.
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