Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

You May Have Missed ---
Amazon’s Business Loan Trajectory
Expected to hit $2 Billion for 2023

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.

ELFA December New Business Volume up 6%
From November, Up 9% from December 2021

(Chart: Leasing News)

The Equipment Leasing and Finance Foundation reports business volume for December was $12.9 billion, up 9 percent year-over-year from new business volume in December 2021. Volume was up 50 percent from $8.6 billion in November in a typical end-of-quarter, end-of-year spike. Cumulative new business volume for 2022 was up 6 percent compared to 2021

(Chart: ELFA)

ELFA President and CEO Ralph Petta said, “In one of the stronger December and Q4 end-of-year showings, new business volume in the association’s monthly index is another example of businesses across the United States relying on equipment financing to enable their operations to grow and expand. This performance is especially impressive given the steady increase in short-term interest rates brought on by the Fed’s determination to bring down inflation and stabilize labor markets.”

Chris Lerma, CLFP, President, AP Equipment Financing, said, “It was certainly a challenging year for lenders as they navigated through a rapidly rising rate environment, supply chain constraints, higher equipment costs and talk of an expected slowdown. Despite these challenges our industry as a whole fared well with healthy year-over-year increases in originations and stellar portfolio performance, but remains a bit cautious heading into 2023. Not knowing yet the full impact of the Fed's series of rapid rate increases on the economy, I believe many companies will start the year with more focus on credit quality and spreads versus origination volume.”

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index in January is 48.5, an increase from the December index of 45.9.

Statistics: Receivables over 30 days were 1.8 percent, up from 1.7 percent the previous month and down from 2.0 percent in the same period in 2021. Charge-offs were 0.26 percent, down from 0.27 percent the previous month and up from 0.25 percent in the year-earlier period.

Credit approvals totaled 76.6 percent, down from 77.7 percent in November. Total headcount for equipment finance companies was down 7.6 percent year-over-year.

(Charts: ELFA)

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

This Year's Updates to Section 179
and Taxes Greatly Affect Commercial Financing/Leasing
By Christopher Menkin, Editor

Leasing News avoids politics, but this is an exception. Section 179, including Year Bonus Deductions, allowed depreciation of assets all in the first year of service rather than being spread spread over years, helping to reduce net income. Perhaps other changes will be incurring more suddenly as the government faces covering its debt with new business tax laws.

For tax years beginning in 2022, the Section 179 deduction limit has been raised to $1,080,000. The monetary limit on equipment purchases is now $2,700,000. This was great for large business as well as small to medium business.

Bonus depreciation comes into play once the Section 179 limit has been reached. The 100-percent depreciation will stay in effect until January 1, 2023, but now changes when the first-year bonus depreciation deduction will decrease as follows:

80% for property placed in service during 2023

60% for property placed in service during 2024

40% for property placed in service during 2025

20% for property placed in service during 2026

This is an oversimplification as there are many requirements for "listed property” under the Tax Cuts and Jobs Act. Those in the sophisticated commercial finance and leasing business need to understand these changes in order to present the advantages to clients evaluating the Lease vs. Buy decision. Understanding financial statements instead of using FinTech to make decisions, and the tax implications is becoming more important as the government looks for business income taxes to pay government debt.

With more states adopting disclosure statements, “emailing for dollars” may continue to work from smaller businesses, but for the more successful, not only do you need to learn to read and understand financial statements but the tax implications of each your client must understand in order to keep more of their profits.

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

New Hires/Promotions in the Leasing Business
and Related Industries

Alicia Bos was hired full time as Marketing Specialist, National Equipment Finance Association, National Equipment Finance Association. She is located in Grand Rapid, Michigan. She joined NEFA part-time June, 2022. Previously, she was Director of Development, Beyond26 (August, 2022 - January, 2023. She joined the International Society of Primers Law Firms as Administrative Assistant, June, 2014, promoted Meeting Coordinator, February, 2014, promoted Event and Marketing Coordinator, April, 2016, promoted Vice President of Events and Publications, July, 2021.
https://www.linkedin.com/in/alicia-bos-657785a3/

Jon Dahlfors was hired as Director of Stonebriar Commercial Finance, Plano, Texas. He is located in Dallas, Fort Worth. He joined Stonebriar April, 2015, as Analyst, promoted December, 2020 Investment Manager. Previously, he was Analyst, Business Aircraft, Guggenheim Partners (December, 2014 - May, 2016); Regional Sales Associate, Sales Training and Rotational Program, Cessna Aircraft Company (June 2013 - May, 2014).
https://www.linkedin.com/in/jon-dahlfors-2a1b2b24/

Dan Horowich was hired as Director of Strategic Partnerships, MAZO Capital Solutions, Irvine, California. He is located in Villa Park, California. Previously, he was Head of Sales, Orange County, Currency Capital (July, 2015 - January, 2023); Branch Manager, Balboa Capital (June, 1999 - July, 2015).
https://www.linkedin.com/in/dan-horwich-b2ba636/

Erik Morey was hired as Region Sales Manager covering Great Lakes at Equify Financial LLC., Irvine, California. Previously he was Regional Transportation Manager, Banterra Bank (July, 2018 - January, 2023); Director of Business Development, thePlan (July, 2017 - September 2019); Account Manager, Vesco Medical (August, 2017 - June, 2018).
https://www.linkedin.com/in/erik-morey-b30a275/

Olivia Schroll was hired as Account Manager Equify Financial, LLC, Irvine, California. She is located in Newport Beach, California. Previously, she was at Pacific Rim Capital, Inc., starting as Marketing specialist, October, 2014, promoted July, 2019, Funding Specialist, promoted April, 2020 Funding Supervisor, promoted April, 2022, Funding Manager.
https://www.linkedin.com/in/olivia-schroll-aa01a38b/

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

Balboa Capital Survey: One in Three Small Business
Owners Applied for SBA Loans in 2022

Survey finds one in three small business owners applied for SBA
funding in 2022, and six in ten SBA loan requests were approved.

Balboa Capital, a division of Ameris Bank that specializes in equipment financing and small business loans, announced the results from its survey that asked small business owners about their Small Business Administration (SBA) loan borrowing practices and volumes in 2022. Of the respondents, one in three small business owners applied for SBA loans in 2022, and 61.90% of SBA loan requests were approved. The survey was sent to a sample of small business owners nationwide during the first two weeks of 2023.

Kevin Umeda, Vice President, Director of Sales Administration at Balboa Capital, said, “Small businesses drive local and regional communities and the national economy, and their growth and success depend on access to capital.

“While several small funding options are available for small business owners, we wanted to gauge the demand for SBA loans in 2022. Beyond evaluating demand for these loans, our survey speaks to businesses’ interest in the various types of SBA loans out there and the approval rate among respondents.”

Balboa Capital’s survey reveals that one in three small business owners (31.25%) applied for SBA loans in 2022. The most popular types of SBA loan products that small business owners applied for in 2022 included Standard 7(a) loans (30.43%), SBA Express Loans (26.09%), and CDC/504 loans (21.74%).

Among small business owners who applied for SBA loan products, 61.90% of loan requests were approved, 23.81% were denied, and 14.29% are still being reviewed/processed. Regarding the amount of SBA funding requested, 63.64% of small business owners requested up to $499,999, 31.82% requested between $500,000 and $999,999, and 4.55% requested over $1 million.

Balboa Capital, a division of Ameris Bank, is a technology-driven business lender that provides business owners with fast, hassle-free small business funding options to fuel their growth and success. The company specializes in small business loans, SBA loans, equipment financing, commercial financing, equipment vendor financing, and franchise financing. Balboa Capital developed an intuitive online platform that simplifies the entire financing process. Calculators provide instant estimates, applications can be completed and submitted in minutes, and sophisticated credit scoring technology provides instant decisions. To learn more, visit https://www.balboacapital.com/.

About Ameris Bank

Ameris Bank manages more than $22 billion in assets and more than 200 financial centers across the Southeast. Headquartered in Atlanta, Ameris Bank is fiercely committed to bringing financial peace of mind to the communities it serves. A subsidiary of Ameris Bancorp (NASDAQ: ABCB), Ameris Bank offers a full range of financial services, including traditional banking and lending products, treasury and cash management, private banking, insurance premium financing, and mortgage and refinancing solutions. Learn more about Ameris Bank and its full range of financial services at www.amerisbank.com.

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

This Day in American History

     1704 - The Battle of Ayubale destroyed most of the Spanish missions in Florida. In 1703, ex-Governor Moore presented to the Carolina assembly a plan for an expedition against the Spanish towns in Apalachee Province, near present-day Tallahassee. After recruiting 50 colonists, he traveled to the upper waters of the Ocmulgee River, where he recruited 1,000 Creek Indians to join the expedition against their traditional enemies. On January 25, 1704, Moore's force arrived at Ayubale, one of the larger mission towns in Apalachee. While most of the Creeks raided the surrounding villages, Moore took most of the whites and 15 Creek into Ayubale itself around 7:00 am. The only resistance was organized by Father Angel Miranda, who retreated into the town's church compound, which was surrounded by a mud wall. With 26 men he successfully held the English at bay for nine hours, and only surrendered himself, his men, and 58 women and children after they ran out of arrows. According to one Spanish account, Miranda threw himself and his followers on Moore's mercy. He was, according to this account (but apparently not others), then summarily slain in cold blood by Moore's Indian allies, and some of his followers were then tortured and killed.
    1775 – Americans dragged cannon up a hill to fight the British at Gun Hill Road, The Bronx. When the British navy landed on Staten Island in 1775, New York City Patriots feared an imminent invasion. They did not want the precious cannon at the Battery to fall into enemy hands. Thus, in December, 1775, they took the cannon to the mainland and scattered them roughly along present-day Gun Hill Road from today’s Jerome Avenue across the Bronx River to modern White Plains Road.
    1783 – Birthday of William Colgate (d. 1857), Kent, England. He founded what became the Colgate Toothpaste Company in 1806, a starch, soap and candle business in Manhattan, on Dutch Street. In 1820, he started a starch factory across the Hudson in Jersey City, leading to a long and current involvement of the company in Jersey City.
    1787 – Small farmers in Springfield, Massachusetts led by Daniel Shays continued their revolt against tax laws. Federal troops broke up the protesters of what became known as Shays’ Rebellion. Shays’ Rebellion suffered a setback when debt-ridden farmers led by Capt. Daniel Shays failed to capture an arsenal at Springfield, Mass.
    1821 – The Hudson River was frozen solid during the midst of the coldest winter in forty-one years. Thousands of persons crossed the ice from New York City to New Jersey, and refreshment taverns were set up in the middle of the river to warm pedestrians.
    1825 – The first engineering college in the US opened, Rensselaer Polytechnic Institute, Troy, NY.
    1825 – CSA Gen. George Pickett (d. 1875) was born in Richmond, VA. He is best remembered for his participation in the futile and bloody assault at Gettysburg that bears his name, Pickett’s Charge. Pickett's division arrived at the battle after guarding the Confederate lines of communication through Chambersburg, PA. Lee’s Army of Northern Virginia, which had initially driven the Union Army of the Potomac to the high ground south of Gettysburg, had been unable to dislodge the Union soldiers from their position. Lee's plan for July 3 called for a massive assault on the center of the Union lines on Cemetery Ridge, calculating that attacks on either flank the previous two days had drawn troops from the center. He directed General Longstreet to assemble a force of three divisions for the attack—two exhausted divisions and Pickett's fresh division from Longstreet's own corps. The three divisions stepped off across open fields almost a mile from Cemetery Ridge. Pickett's division was on the right flank of the assault. It received punishing artillery fire, and then volleys of massed musket fire as it approached its objective. Pickett's Charge was a bloodbath. While the Union lost about 1,500 killed and wounded, the Confederate casualties were several times that. Over 50% of the men sent across the fields were killed or wounded. Pickett's three brigade commanders and all thirteen of his regimental commanders were casualties.
    1831 – Birthday of Jane Goodwin Austin (d. 1894), Worcester, MA. Novelist, essayist, and short story writer. Most of her novels were authentically accurate depictions of the Pilgrims which she carefully researched.
    1837 – At 7 PM, a display of the Northern Lights danced above Burlington, VT. Its light was equal to the full moon. Snow and other objects reflecting the light were deeply tinged with a blood red hue. Blue, yellow and white streamers were also noted.
    1840 – US naval expedition under Charles Wilkes became the first to identify Antarctica as a new continent. European maps showed a hypothesized land at the bottom of the Southern hemisphere until Captain James cook’s ships, crossed the Antarctic Circle on 17 January 1773, in December 1773 and again in January 1774. Cook came within about 75 miles of the Antarctic coast before retreating in the face of field ice in January 1773. The first confirmed sighting of Antarctica can be narrowed down to the crews of ships captained by three individuals: von Bellingshausen (a captain in the Imperial Russian Navy, Edward Bransfield, a captain in the Royal Navy, and Nathaniel Palmer of Stonington, CT. The first documented landing on Antarctica was by the American sealer John Davis on 7 February 1821, although some historians dispute this claim. The first recorded and confirmed landing was at Cape Adair in 1895. In December 1839, as part of the US Exploring Expedition of 1838–42 conducted by the US Navy (sometimes called the "Ex. Ex.", or "the Wilkes Expedition"), the expedition reported the discovery "of an Antarctic continent west of the Balleny Islands" on 25 January 1840. That part of Antarctica was later named "Wilkes Land", a name it retains to this day.
    1856 – Marines and seamen from the U.S. sloop DECATUR went ashore at the village of Seattle, Washington, to protect settlers from Indian raids. The Indians launched a seven-hour attack but were driven off later that day after suffering severe losses. Incredibly, only two civilian volunteers were killed and no Marines or sailors were lost.
    1871 – Unveiled in the U.S. Capitol Rotunda, Vinnie Ream’s statue of Abraham Lincoln that was authorized by Congress.
    1871 – Birthday of Maud Wood Park (d. 1955), Boston. Directed congressional lobbying and was one of the key women implementing Carrie Chapman Catt’s winning strategy to get women’s suffrage passed. Instrumental in getting congressional approval for many child labor, maternity, and child health reforms as well as the Cable Act of 1922 which granted married women US citizenship independent of their husband’s status. Before the Cable Act, an American-born woman AUTOMATICALLY lost her citizenship when she married a non-American citizen.
    1879 – The Arrears of Pensions Act is passed by Congress. It authorizes back-payment of military pensions beginning from the day of discharge. If the veteran is dead, payments will be made to the family.
    1890 – Nellie Bly circled the world in 72 days, stepping into history. Newspaper reported Nellie Bly, the pen name used by Elizabeth Cochrane Seaman, set off from Hoboken, NJ on Nov. 14, 1889, to attempt to break Jules Verne's imaginary hero Phileas Foggs’ record of voyaging around the world in 80 days. She did beat Fogg's record, taking 72 days, 6 hours, 11 minutes and 14 seconds to make the trip, arriving back in New Jersey on January 25, 1890.
http://memory.loc.gov/cgi-in/query/D?amtoday:1:./temp/~ammem_Kaeh ::
    1896 - Birthday of the leading black American singer and dancer of the Jazz Age, and the Harlem Renaissance, Florence Winfree (d. 1927), Washington, DC. She appeared in Langston Hughes's “Shuffle Along”in 1921 and “Plantation Review” on Broadway in 1922, then at the London Pavilion in “Dover Street to Dixie” in 1923. Offered a spot in the “Ziegfeld Follies,” she turned it down and joined in creating a rival show with an all-black cast. Winfree was the first black woman to appear as a headliner at the Palace Theatre. She was so revered for her efforts to create opportunities for black entertainers and to bring the unique culture of blacks to Broadway that more than 150,000 people filled the streets of Harlem to mourn her when she died at New York City, Nov 1, 1927, at age 31.
    1900 - Birthday of tenor sax player Captain John Handy (d. 1971), Pass Christian, MS.
    1903 - (Sleepy) John Estes (d. 1977), an important early bluesman, was born in Ripley, Tennessee. He played on the streets of Memphis in the 1920's, supporting himself by working the night shift at a train yard. His tendency to doze off on the job earned him his nickname. He returned to Brownsville, Tennessee, in the 1940's, where he remained in obscurity for more than 15 years. Estes was rediscovered by a documentary filmmaker. He signed a recording contract and appeared at folk festivals in the US and Europe. One of Estes's LPs included a guest spot by guitarist Mike Bloomfield, and Estes later appeared on an LP by Ray Cooder. The rock group Joy of Cooking had a minor hit in 1971 with a song written by Estes, "Going to Brownsville."
    1915 - Alexander Bell in New York calls Thomas Watson in San Francisco, inaugurating transcontinental telephone service.
    1918 – Broadcaster Ernie Harwell, (d. 2010) was born in Washington, GA. For 55 seasons, 42 of them with the Detroit Tigers, Harwell called the action on radio and/or TV. In January 2009, the American Sportscasters Association ranked Harwell 16th on its list of Top 50 Sportscasters of All Time.
    1919 - The League of Nations, forerunner of the United Nations, was founded.
    1924 - The first Winter Olympic, opened in Chamonix, France, with athletes representing 16 nations. The ski jump, previously unknown, thrilled spectators. The Olympics offered a boost to skiing, which would make enormous strides in the next decade.
    1937 - Trumpeter Buck Clayton cuts his first record, accompanying Billie Holiday, on “Why Was I Born?”
    1937 – “The Guiding Light” debuted on NBC radio from Chicago. In 1952, it moved to CBS television, where it remained until September 18, 2009.
    1938 - Etta James (d. 2013) was born Jamesetta Hawkins in Los Angeles. James is regarded as having bridged the gap between rhythm and blues and rock and roll and was the winner of six Grammys and 17 Blues Music Awards. In early 1961, James released what was to become her signature song, "At Last," which reached number two on the R&B chart and number 47 on the Billboard Hot 100. Though the song was not as successful as expected, it has become the most remembered version of the song. She was inducted into the Rock and Roll Hall of Fame in 1993, the Blues Hall of Fame in 2001, and the Grammy Hall of Fame in both 1999 and 2008. “Rolling Stone” ranked James number 22 on their list of the 100 Greatest Singers of All Time and number 62 on the list of the 100 Greatest Artists.
http://www.forgetmenotantiques.com/CD/jamesback.htm
http://www.delafont.com/music_acts/Etta-James.htm
    1939 – The first nuclear fission experiment, splitting the uranium atom, in the US occurred in the basement of Pupin Hall at Columbia University. The team was led by Enrico Fermi.
    1940 - The biggest snowstorm on record for Richmond, Virginia came to an end. 21.6 inches of snow fell over a 3-day period.
    1940 - Mary Martin, "My Heart Belongs to Daddy"
    1941 – Pope Pius XII elevates the Apostolic Vicariate of the Hawaiian Islands to the Roman Catholic Diocese of Honolulu.
    1944 - The character of Beulah, a black maid who was played by a white man, Marlin Hunt, first aired on radio's "Fibber McGee and Molly." In 1945, the spin-off, "Beulah," became a radio series.
    1945 - In New York, Richard Tucker debuted at the Metropolitan Opera House in "La Gioconda." As a note of trivia, I went to the summer camp with his son in New Hampshire, who we became fast friends during this time period.
    1945 - The first water supply to be fluoridated in order to reduce tooth decay was the water system of Grand Rapids, MI. Fluoridation started with the addition of one part of fluoride ion to each million parts of water passing through the water treatment plant.
    1945 - Top Hits
“Don't Fence Me In” - Bing Crosby & The Andrews Sisters
“There Goes that Song Again” - Russ Morgan
“I'm Making Believe” - Ella Fitzgerald & The Ink Spots
“I'm Wastin' My Tears on You” - Tex Ritter
    1945 - VALDEZ, JOSE F., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company B, 7th Infantry, 3d Infantry Division. Place and date: Near Rosenkrantz, France, 25 January 1945. Entered service at: Pleasant Grove, Utah. Birth: Governador, N. Mex. G. O. No.: 16, 8 February 1946. Citation: He was on outpost duty with 5 others when the enemy counterattacked with overwhelming strength. From his position near some woods 500 yards beyond the American lines he observed a hostile tank about 75 yards away, and raked it with automatic rifle fire until it withdrew. Soon afterward he saw 3 Germans stealthily approaching through the woods. Scorning cover as the enemy soldiers opened up with heavy automatic weapons fire from a range of 30 yards, he engaged in a fire fight with the attackers until he had killed all 3. The enemy quickly launched an attack with 2 full companies of infantrymen, blasting the patrol with murderous concentrations of automatic and rifle fire and beginning an encircling movement which forced the patrol leader to order a withdrawal. Despite the terrible odds, Pfc. Valdez immediately volunteered to cover the maneuver, and as the patrol 1 by 1 plunged through a hail of bullets toward the American lines, he fired burst after burst into the swarming enemy. Three of his companions were wounded in their dash for safety and he was struck by a bullet that entered his stomach and, passing through his body, emerged from his back. Overcoming agonizing pain, he regained control of himself and resumed his firing position, delivering a protective screen of bullets until all others of the patrol were safe. By field telephone he called for artillery and mortar fire on the Germans and corrected the range until he had shells falling within 50 yards of his position. For 15 minutes he refused to be dislodged by more than 200 of the enemy; then, seeing that the barrage had broken the counter attack, he dragged himself back to his own lines. He died later as a result of his wounds. Through his valiant, intrepid stand and at the cost of his own life, Pfc. Valdez made it possible for his comrades to escape, and was directly responsible for repulsing an attack by vastly superior enemy forces.
    1945 – Larry MacPhail, Dan Topping and Del Webb purchased the New York Yankees for $2.8 million from the heirs of previous owner Jacob Ruppert. The new owners announced that Ed Barrow will remain in place as general manager but a month later, they installed MacPhail as GM. Under this ownership team, until 1964, the Yankees would achieve their greatest success: 16 World Series appearances with 12 championships.
    1946 – The United Mine Workers rejoined the American Federation of Labor.
    1947 – Thomas Goldsmith, Jr. filed a patent for a "Cathode Ray Tube Amusement Device," the first ever electronic game. A television pioneer, after graduating from Cornell, became director of research for DuMont Laboratories in NJ, and (after 1953) vice president. He chaired the Synchronization Panel of the National Television System Committee and the Radio Manufacturers Association Committee on Cathode-Ray Tubes. He also became the chief engineer for the DuMont Television Network.
    1947 – Al Capone (b. 1899) died in Florida at age 48. After a seven-year reign of terror as the head of Chicago’s organized crime gangs, he was finally convicted of income tax evasion and sentenced to prison from which he was paroled in 1939. By then, the deterioration from syphilis and gonorrhea deepened. He spent his final years in his Palm Island, FL mansion with what doctors described as the mind of a 12-year old.
    1949 – At the Hollywood Athletic Club, the first Emmy awards were presented.
    1950 - Birthday of Gloria Naylor, author of “The Women of Brewster Place” (1982) and “Bailey's Café” (1992).
    1950 - Highest January temperature ever recorded in Cleveland, Ohio:
73ºF (23ºC).
    1951 - Steve Roland “Pre” Prefontaine (d. 1975), long distance runner, born at Coos Bay, OR. Prefontaine was an outstanding athlete whose grit, determination, and activism personified Americans' growing interest in physical fitness, jogging, and running. Although never an Olympic Champion or world record holder, he set 14 US records during his career cut short by a fatal automobile accident on a road where he often trained.
    1953 - Top Hits
“Why Don't You Believe Me” - Joni James
“Don't Let the Stars Get in Your Eyes” - Perry Como
“Keep It a Secret” - Jo Stafford
“I'll Go On Alone” - Marty Robbins
    1953 - The Cincinnati Mohawks and the Troy (OH) Bruins played the only doubleheader in the history of the International Hockey League, with one game being played in each team's home city. The Bruins won the first game in Troy, 3-0. The Mohawks won the nightcap in Cincinnati, 2-1.
    1958 - Elvis Presley's "Jailhouse Rock" becomes the first single ever to enter the U.K. pop chart at Number One
    1959 - American Airlines opened the jet age in the US with the first scheduled transcontinental flight on a Boeing 707 nonstop from California to New York.
    1960 - Sam Cooke recorded "Chain Gang" at the RCA Studios in NYC. The song became one of Cooke's most successful singles, peaking at number two on the Billboard Hot 100.
    1960 - The National Association of Broadcasters reacted to the "payola" scandal by threatening fines for any disc jockeys who accept money for playing particular records.
    1961 - Beginning a tradition that survives to this day, John F. Kennedy held the first televised presidential news conference five days after being inaugurated as the 35th president.
    1961 - President John F. Kennedy appointed the first female presidential physician, Dr. Janet Graeme Travell of New York City. Several previous Presidents had received treatment from a female medical practitioner. The one of most note was Dr. Susan Ann Edison, who graduated from the Cleveland Homeopathic Medical College and who treated President James Garfield from July 2, 1881, the day he was shot by an assassin, to September 19, 1881, when he died.
    1961 - The Disney animated cartoon classic, “101 Dalmatians,” was released to theaters. It took an animation staff of three hundred to complete the film in three years, at a cost of $4 million. It was a huge success at the box office.
    1961 - Top Hits
“Wonderland by Night” - Bert Kaempfert
“Exodus” - Ferrante & Teicher
“Calcutta” - Lawrence Welk
“North to Alaska” - Johnny Horton
    1962 - Sam Cooke's "Twistin' the Night Away," later done by Rod Stewart, is released on RCA Records. It will make it up to #9 on the pop chart.
    1964 - The Beatles reached #1 on the music charts for the first time, with their single, "I Want to Hold Your Hand" which took the top position not only in "Cash Box" magazine, but also on the hit lists of radio stations. "Billboard" magazine listed the song at #1 on February 1. The group's second #1 hit, "She Loves You" was released on Swan Records, and not Capitol. Other Beatles songs were released on Vee Jay ("Please, Please Me"), M-G-M ("My Bonnie" with Tony Sheridan), Tollie ("Twist and Shout"), Atco ("Ain't She Sweet") and the group's own label, Apple Records, as well as Capitol.
    1965 - Alta, UT, was in the midst of a storm that left the town buried under 105 inches of snow establishing a record for the state.
    1969 - Top Hits
I Heard It Through the Grapevine - Marvin Gaye
Crimson and Clover - Tommy James & The Shondells
Everyday People - Sly & The Family Stone
Daddy Sang Bass - Johnny Cash
    1969 - The Beatles release "Two Of Us," "For You Blue," "Let It Be"
    1969 - Creedence Clearwater Revival's "Proud Mary" enters the pop charts
    1971 - Charles Manson was found guilty of masterminding the killings of actress Sharon Tate and six others. He and three female members of his "family" were found guilty of one count of conspiracy to commit murder and seven counts of murder in the first degree and are sentenced to life imprisonment. During one of the most sensational trials in history, it was revealed that Manson regarded the Beatles as angels who communicated to him through their music. In particular, "Helter Skelter," "Piggies," "Revolution 9" and other songs on the "The White Album. He remains in jail today, although he asks for parole each year.
    1975 - The Cars win the Rolling Stone magazine annual readers' poll as the best new band of the year.
    1975 - The Carpenters' "Please Mr. Postman" hits #1
    1977 - Top Hits
“I Wish” - Stevie Wonder
“Car Wash” - Rose Royce
“Dazz” - Brick
“I Can't Believe She Give It All to Me” - Conway Twitty
    1981 - Super Bowl XV: Oakland Raiders beat Philadelphia Eagles, 27-10 in New Orleans; Super Bowl MVP: Jim Plunkett, Oakland QB. Plunkett won another Super Bowl with the Raiders in 1983 and he is the only two-time Super Bowl-winning QB NOT in the Pro Football Hall of Fame.
    1981 – Singer Alicia Keys was born in Hell’s Kitchen, NYC.
    1984 - Apple's Macintosh computer went on sale this day for $2,495. It wasn't until mid-1985, however, that sales began to take off and this computer began to replace the Apple II model.
    1985 - Top Hits
“Like a Virgin” - Madonna
“All I Need” - Jack Wagner
“You're the Inspiration” - Chicago
“How Blue” - Reba McEntire
    1986 - Dionne Warwick's single "That's What Friends Are For" topped the R-P-M magazine singles chart in Canada. Profits from the sale of the disc were donated to AIDS research.
    1986 - Bruce Springsteen's "My Hometown" peaks at #6 on the chart.
    1987 - The New York Giants defeated the Denver Broncos, 39-20, to win Super Bowl XXI. The victory gave New York its first NFL title in 30 years. Giants quarterback Phil Simms completed 22 of 25 passes for 268 yards and three touchdowns to win the game's Most Valuable Player Award. Neil Diamond performs the US national anthem.
    1987 - The second major storm in three days hit the Eastern Seaboard producing up to 15 inches of snow in Virginia, Maryland and Delaware. Up to 30 inches of snow covered the ground in Virginia following the two storms
    1988 - Guard Rickey Green of the Utah Jazz scored the 5,000,000 point in NBA history to a game against the Cleveland Cavaliers. Green made a three-point shot at the buzzer ending the third quarter. The Jazz won, 119-96.
    1988 - Vice President George H.W. Bush and Dan Rather clashed on "The CBS Evening News" as the anchorman attempted to question the Republican presidential candidate about his role in the Iran-Contra affair.
    1990 - Low pressure developed explosively over east central Missouri and moved into Lower Michigan producing high winds and heavy snow across parts of Iowa, Illinois and Wisconsin. Wind gusts to 60 mph and up to a foot of snow created near blizzard conditions in southeastern Wisconsin and northern Illinois. Wind gusts in Indiana reached 76 mph at Wabash. Thunderstorms associated with the storm produced wind gusts to 54 mph at Fort Madison, IA.
    1993 - A gunman shot and killed two CIA employees outside agency headquarters in Virginia. A Pakistani national was later convicted and was executed in 2002.
    1995 - Top Hits
“Creep” - TLC
“On Bended Knee” - Boyz II Men
“Another Night” - Real McCoy
“Always” - Bon Jovi
    1998 - Denver beats Green Bay 31-24 in Super Bowl XXXII at San Diego behind Terrell Davis' 157 yards rushing and a Super Bowl-record three touchdowns. A record worldwide audience of 800 million in 147 countries views the game on television.
    1999 - The Rolling Stones open their “No Security Tour” in Oakland, CA. It is the band's first arena tour in more than two decades. Sue and I were there, four rows from the stage, center right, in the aisle as the usher could not find my site as noted on my ticket. The band was never better, full of energy, spirit, and showmanship. Afterwards, on BART going back to our car, I noted that the tickets I had shown to the usher to find our seats were from the Barry Manilow Show the previous week where we had up-front seats. They were the same color tickets and same style printing. In the dark, the usher using a small flashlight, neither of us had noticed they were not the Rolling Stone tickets (that I had placed in my other pocket after the last ticket check and drawn the Manilow tickets out in error, basically only showing the seating numbers.)
    2015 – Rob Manfred assumed the title of Commissioner of MLB from the retired Bud Selig.

Super Bowl Champions:
1981 - Oakland Raiders
1987 - New York Giants
1998 - Denver Broncos

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live