deBanked Broker Fair - Limited Attendance
October 24, 2022, Marriott Marquis

Pre-show: October 23, 2022 (Evening)
Event: October 24, 2022 (All day)
Times Square NYC
New York Marriott Marquis

Reach a Wide New Audience at Broker Fair

Brokers, funders, lenders, vendors, and financial service providers from across the spectrum of small business and commercial finance connect each year at Broker Fair. It’s the only conference of its kind!

Bringing together the commercial finance industry from small business lending, equipment leasing, factoring, merchant cash advance, SBA lending, and more.

Attendees can expect:
Education
Inspiration
Networking
Many Opportunities

Registration:
https://brokerfair.org/register/

Broker
US$399

Funder/ Lender
US$1,400

General Admission
US$1,400

Preshow Reception *NOT INCLUDED WITH GENERAL SESSION TICKET*
US$150

 

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New Hires/Promotions in the Leasing Business
and Related Industries

Melissa DeLaTorre was hired as Business Development Manager, Storyblocks, Arlington, Virginia. She is based in Haledon, New Jersey. Previously, she was New Business Sales, Account Executive, AdRoll, a division of NextRoll (April, 2021 - July, 2022); Lending Advisor, Direct Sales, OnDeck (December, 2015 - April, 2021).
https://www.linkedin.com/in/melissadelatorre9/

Anisa Hinson was hired as Funding Coordinator, Alliance Funding Group, Orange County, California.  Previously, she was at Regents Capital Corporation, starting November, 2019, Contract Manager, promoted May, 2022, Senior Contract Funding Coordinator, Envision Capital Group LLC., (October, 2018 - November 2019). She joined Balboa Capital, July, 2014, Account Executive, Commercial Division, promoted February, 2015, Sales Support to VP of Sales-Commercial Division, promoted April 2017, Business Manager, Commercial Division, promoted January, 2018, Funding Coordinator.
https://www.linkedin.com/in/anisa-hinson-9b319762/

Noah Homan was hired as Inside Sales, Uppswell, Ventura, California.  He is located in Laguna Niguel, California. Previously he was Account Executive, Blue Street Capital (November, 2021 - July, 2022); Investor Relations Specialist, Elite Aerospace Group (August, 2017 - November, 2021).
https://www.linkedin.com/in/noah-homan-192190155/

John Kennison was hired as Vice President, Asset Management, BciCapital, a subsidiary of National Bank of Florida, Tiburon, California. Previously, he was Vice President, Huntington National Bank (July, 2016 - July, 2022); Director, Asset Management, NXT Capital Equipment Finance (March, 2013 - July, 2015).
https://www.linkedin.com/in/john-kennison-916a456/

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Remote Salesman Takes Two Days Visit Operations Staff

Sales Makes it Happen by Scott Wheeler, CLFP

After some operation changes were made, this seasoned Originator decided to ask for and received two days with his company's operation. He worked remotely. The two days included his flight time to the home office, which he financed himself.

His company had made several recent changes in its operations, processes, and pricing. He stated these changes were well communicated to him through group sales meetings, internal emails, and follow-up calls with his manager. However, he felt somewhat disconnected and found himself less aggressive when presenting his products to both his vendors and end-users.

This seasoned originator needed a shot of confidence to reaffirm his understanding of the products and services that he was selling. He decided to take two days and spend some real time with his operations staff. (The originator is a remote, regional representative and the two days included his travel time to the home office.) The visit was his initiative and during his visit he:

• Met with his sales manager and reviewed his business plan, goals, and objectives for the second half of 2022.
• Met with the credit manager, whom he had never met in person before, although they had spoken almost every day for the past two years.
• Reviewed multiple files that were currently being reviewed by the credit team and better understood both the approvals and declination decisions being made under the new criteria.
• Met with both the documentation and funding teams that his transactions were processed through. He specifically asked about their challenges and means by which he could help streamline his transactions.
• Had dinner with the owner, a one-on-one discussion about the progress that the company had made over the last five years and the objectives moving forward. Most of the topics had been discussed multiple times via conference calls and Zoom calls over the past years, but the atmosphere was different this time - more connected, more meaningful, and more energizing

The originator claims that the two days were time well spent. The visit was way overdue. The visit confirmed his commitment to his company and the commitment of the company to him as one of its leading originators.

The most impactful result of the two-day visit was his forcefulness when talking to both vendors and end-users upon his return to his territory. The originator is well connected to his team, his company, his products and services.

He is well prepared to accelerate his production numbers and bottom-line results.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.htm

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Help Wanted Ads

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It IS Pretty Simple

The Ultimate Hire by Ken Lubin, ZRG Partners

We have lost the ability to think that hard work pays off.

We live in a world of instant gratification and everyone expects to be able to get what they want without working for it. I don't understand this philosophy. When did working hard for something become old school? In order to be the best athlete, business person, doctor, or overall awesome human being, you must work your ass off!

Many people will say that working smart is a better way, which it can be, but you can't just work smart without working hard, to get what you want.

If you think Warren Buffett, Steve Jobs, Einstein, Michael Jordan, Wayne Gretzky, and Greg Lemond got to where they are by just working smart, you are mistaken. They are some of the hardest working individuals to ever walk the planet. To be the best and to reach your goals, the number one thing is working your ass off!

klubin@zrgpartners.com

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.

 

Loan Fees Earned for the Top Twenty 2020 PPP Lenders
By Delaney Sexton, Coleman Report Contributing Editor

The lender with the most approved PPP loan for 2020 was Bank of America with 343,489 PPP loans. JPMorgan Chase Bank had the highest estimated loan fees with over $1 billion earned in loan fees. The bank that earned the highest fee per loan was Manufacturers and Traders Trust Company earning roughly $5,951.63 for each PPP loan in 2020.

Here are the statistics for the top 20 PPP lenders by volume in 2020:

• JPMorgan Chase Bank: 280,146 loans, $1,031,900,000 estimated PPP loan fees, Average fee per loan: $3,683.44

• Bank of America: 343,489 loans, $946,100,000 estimated PPP loan fees, Average fee per loan: $2,754.38

• PNC Bank: 96,466 loans, $493,600,000 estimated PPP loan fees, Average fee per loan: $5,116.83

• Wells Fargo Bank: 192,989 loans, $420,200,000 estimated PPP loan fees, Average fee per loan: $2,177.33

• Truist Bank d/b/a Branch Banking & Trust Co: 80,445 loans, $407,700,000 estimated PPP loan fees, Average fee per loan: $5,068.06

• TD Bank: 85,709 loans, $297,700,000 estimated PPP loan fees, Average fee per loan: $3,473.38

• Cross River Bank: 193,045 loans, $293,700,000 estimated PPP loan fees, Average fee per loan: $1,521.41

• U.S. Bank: 108,030 loans, $284,900,000 estimated PPP loan fees, Average fee per loan: $2,637.23

• The Huntington National Bank: 54,455 loans, $263,600,000 estimated PPP loan fees, Average fee per loan: $4,840.69

• KeyBank National Association: 43,124 loans, $243,600,000 estimated PPP loan fees, Average fee per loan: $5,648.83

• Zions Bank: 47,748 loans, $220,500,000 estimated PPP loan fees, Average fee per loan: $4,617.99

• Manufacturers and Traders Trust Company: 34,646 loans, $206,200,000 estimated PPP loan fees, Average fee per loan: $5,951.63

• Celtic Bank: 147,201 loans, $174,700,000 estimated PPP loan fees, Average fee per loan: $1,186.81

• Fifth Third Bank: 39,918 loans, $165,800,000 estimated PPP loan fees, Average fee per loan: $4,153.51

• Citizens Bank: 50,944 loans, $165,600,000 estimated PPP loan fees, Average fee per loan: $3,250.63

• Regions Bank: 46,498 loans, $156,500,000 estimated PPP loan fees, Average fee per loan: $3,365.74

• Kabbage, Inc.: 161,030 loans, $145,900,000 estimated PPP loan fees, Average fee per loan: $906.04

• Customers Bank: 68,821 loans, $111,500,000 estimated PPP loan fees, Average fee per loan: $1,620.15

• Readycap Lending, LLC: 34,227 loans, $102,300,000 estimated PPP loan fees, Average fee per loan: $2,988.87

• WebBank: 75,943 loans, $101,200,000 estimated PPP loan fees, Average fee per loan: $1,332.58

*Data through 1/2/2022 and from SBA

Coleman Report
28081 Marguerite Pkwy.
#4525, Mission Viejo, CA 92690
bob@colemanreport.com

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What is a Finance Lease?
By Terry Winders

The term finance lease was introduced in 1955 when the IRS issued the first revenue ruling for leasing RR55-540. It represented a transaction that the IRS determine not to be a lease because the “intent” of the two parties to the lease, the Lessee and Lessor, was to create a disguised conditional sales contract (a loan) evidenced by a structure that included a bargain purchase option or allowed the Lessee to use the equipment for its complete useful life meaning the Lessor could no longer use it. Hence a transaction like this looked like a loan so it looked like a financing not a lease.

Then in 1975 when the Financial Accounting Standards Board created SFAS #13 accounting for leases they began to use the term “Direct Finance Lease” to classify a lease for a three party Lessor that meet one of the requirements of paragraph 7. A direct finance lease broke the transaction into depreciation and interest expense. This totally disregards the legal or tax issues and only looks at the economic structure of the lease. Therefore a true tax lease (not a finance lease) could be classified to look like a loan even though the lessee had no right to purchase the equipment at lease termination.

Then in 1988 with the introduction of Article 2A for the Uniform Commercial Code (UCC) the legal profession decided to call the three party legal lease a Finance lease where the Lessor is not held responsible for equipment performance providing the Supply Contract (Vendors warrantees and guarantees) is passed through to the Lessee in the lease agreement.

The term money over money was used by many Lessors’ in the early days because it was clear that if the only return was cash then no tax issues were involved so it was a disguised sale. While this is acceptable for tax issues it still left open the question; is it a legal lease? Also there is a term use in legal to describe a lease that is not an Article 2A lease and therefore is covered by Article 9 that is a “lease intended as a security”. A fancy term meaning it’s a loan not a lease.

Therefore we needed a term that would describe a transaction that fails all the rules and is in fact a financing or a conditional sales contract so we chose “Non-lease Lease” because it describes a transaction that is not a lease but for contract purposes is placed on a lease agreement.

Today it is usually referred to as a "capital lease," meaning the lessee capitalizes the lease, takes the depreciation, although legally the owner of the equipment is the lessor. In an Equipment Finance Agreement, referred to in the industry as "EFA" (pronounced E.F.A.) the owner of the equipment is the debtor and the lender is the creditor. It basically is a loan secured by the equipment.

These types of agreements were popular fifty years ago when most required 25% deposit, as well as were shorter terms, 24 to 36 months, and many states required the APR interest rate be declared on the contract. As leasing became more popular with little money up front and longer terms, the actual rate not declared on contracts, finance agreements were slow to change as the basis of the credit was generally on collateral with the fact the equipment had a long life and the borrower main thrust was to own the equipment. (The leasing philosophy was, " It is not ownership that makes a profit, but the use of modern equipment.")

Particularly in the small ticket marketplace, EFA's appears to have become popular forms of financing today with businesses than a "Finance Lease" due to no "fair market" balloon payment at the end as well as Evergreen clause abuse (additional payments imposed). From a lessors viewpoint, it is similar to a "Finance Lease," but less responsibilities, including warranty or equipment use disputes.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years, who is now retired. He communicates with me often today. Editor.

 

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Confidence in the media has sunk to a new low in the U.S., according to a recent survey by Gallup. Trust has been largely on the decline for more than thirty years but has plummeted five percentage points since last year.

Television news seems to muster up particularly low confidence, with only 11 percent of U.S. survey respondents saying they had a “great deal” or “quite a lot of” confidence in the medium in June 2022, versus four percent that had no trust at all. 

Newspapers fared a little better, although still poorly, with 16 percent of people having confidence in it as a news source, and three percent without trust.

According to Gallup, the majority of Americans would say the media fails to report the news “fully, accurately and fairly” and that newspaper and TV reporters are not highly ethical.

By Anna Fleck, Statista

German Shepherd
Salt Lake City, Utah  Adopt-a-Dog

Zeus

ID 113127
Male
2 Years Old
Black and White
Neutered

*Knows basic commands
*Loves Toys
*Loves Treats
*Active/Athletic
*Walks well on a leash
*Needs Training
*Affectionate
*Refresher on Manners
*Kids 8 and older

TEENAGER:
"I've got lots of energy and would love for you to help me channel it in productive ways! I may need a refresher on my manners, but with a little effort I will be a loyal companion for the rest of your days."

Salt Lake County Animal Services
511 W 3900 S,
Salt Lake City, UT 84123
385-468-7387
adoptions@sico.org
https://slco.org/animal-services/

Open Tuesday - Saturday
10:00am - 6pm

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James Alan Misener
Passed Away

"I Just learned of Jim’s passing on July 6 in a Facebook post by his family. We were colleagues at the comet that was Newcourt.  He was a consummate deal maker with a practiced skill in win-win negotiations.  I was in my fifties at the time and learned much from him after I thought I knew it all.  He had the ears of Hudson, Nullmeyer and the Board. Sad news for me personally."

- Ralph Mango, Associate Editor, Leasing News

LinkedIn biography shows he retired October, 2019 as President of CHCC Helicopters, but remained on the Boards of Directors and Mangers, and was Chie Executive until 2021, Barbados. He served on several such companies as Chairman and CEO.

He was Senior Executive Vice President, Newcourt Credit Group (October, 1989 - April, 2000)
https://www.linkedin.com/in/james-alan-misener-86186173/.

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Joe Nachbin
Passed Away

Joe Nachbin had been an active director of The Alta Group since 2001, working from Cherry Hill, New Jersey.

He was president of President Leasing Company (1972 - 1983), Copelco COO from 1991 - 1994, COO, Flagship Credit Corporation for three years, with an MBA from Northwestern University in 1965, according his LinkedIn bio. He was active in the Equipment Leasing and Finance Association, serving as a director as well as a committee chairman for several years.
https://www.linkedin.com/in/joe-nachbin-695643/

Salute from the Alta Group:

“Prior to joining The Alta Group, he served in a variety of executive management positions with Continental Illinois Leasing Corporation, Heller Financial, Copelco Financial Services Group and Flagship Credit Corporation, where his responsibilities included the founding and management of a leading vendor and large-ticket lessor, the development of numerous vendor programs, merger and acquisition services and risk management. He also is the founder and former chairman of the Association of Bank Holding Companies Leasing Committee.”

https://thealtagroup.com/united-states/about-us/bios/joe-nachbin/

News Briefs---

Apple joins fellow tech giants
    in putting a lid on hiring
https://www.mercurynews.com/2022/07/19/apple-joins-fellow-tech-giants-in-putting-a-lid-on-hiring/

These were the highest-paying Silicon Valley
tech companies in 2021
https://www.sfgate.com/tech/article/highest-paying-silicon-valley-companies-17313340.php?IPID=SFGate-HP-CP-Spotlight

Biden intervenes in railroad contract
fight to block strike
https://abcnews.go.com/US/wireStory/biden-intervenes-railroad-contract-fight-block-strike-86902267

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You May Have Missed---

Heat Wave, Inflation Crank Up Air-Conditioner Bills
energy prices and temperatures rise, grids overloaded
https://www.wsj.com/articles/inflation-will-crank-up-your-air-conditioner-bill-this-summer-11655055762

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Sports Briefs---

Rob Manfred says A's need ballpark deal 'quickly'
https://www.pressdemocrat.com/article/sports/rob-manfred-says-as-need-ballpark-deal-quickly/

Sean Payton believes he'll be an NFL coach again,
but 'no way to predict' which team he would lead
https://www.usatoday.com/story/sports/nfl/2022/07/19/sean-payton-nfl-coach-new-orleans-saints/10101049002/

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California Nuts Briefs---

Several downtown San Jose projects advance
    with openings, construction starts
https://www.mercurynews.com/2022/07/19/downtown-san-jose-office-retail-home-housing-real-estate-start-build/

Truckers decry labor law at Oakland port
sending jitters through shipping industry
https://www.mercurynews.com/2022/07/18/truckers-decry-labor-law-at-oakland-port-sending-jitters-through-shipping-industry/

Residents displaced by the flooding in an S.F. tower
could be waiting until next year to return home
https://www.sfchronicle.com/sf/article/Residents-displaced-by-the-flooding-in-an-S-F-17313477.php

 

This Day in History

    1591 - Anne Marbury was baptized in Alford, England. America's first female religious leader, she was the daughter of an outspoken clergyman silenced for criticizing the Church of England. Better educated than most men of the day, she spent her youth immersed in her father's library. At twenty-one, Anne Marbury married Will Hutchinson and began bearing the first of their fifteen children. She became an adherent of the preaching and teachings of John Cotton, a Puritan minister who left England for America.
http://memory.loc.gov/ammem/today/jul20.html
    1848 - The Seneca Falls Convention convened for a second day. On the previous day, convention organizer Elizabeth Cady Stanton had read the "Declaration of Sentiments and Grievances." In the process of reviewing a list of attached resolutions, a group united across the boundaries of gender and race to demand women's right to vote in the United States.
(second part of: http://memory.loc.gov/ammem/today/jul20.html )
    1858 - Approximately 1,500 baseball fans were charged 50 cents each to watch a baseball game between the New York All-Stars and a Brooklyn team at Fashion Race Course on Long Island.  This is the first record of a “commercial” game of baseball as admission was charged for the first time. In a prelude to the next century, New York beat Brooklyn 22-18.
    1861 – The Congress of the Confederate States of America held its first session, in Richmond, VA.
    1864 – During the Battle of Peachtree Creek near Atlanta, Confederate forces under Gen. John Bell Hood unsuccessfully attacked Union forces under Gen. William Tecumseh Sherman.
    1874 - General George Custer and the first official exploring expedition enters Black Hills with 110 wagons and 1,000 men, in direct violation of a treaty of 1868 that barred whites from sacred hills.  He was out to make a name for himself in history.
    1874 – The largest recorded swarm of locusts descended upon the Great Plains as an estimated 124 billion insects formed a swarm of 1800 miles long and 110 miles wide from Canada and the Dakotas to Texas.  The sun was blocked and farms were devastated within minutes.  This continued for the next several years, albeit smaller, resulting in an estimated $200 million in crop destruction.
    1889 – Birthday of Virginia O’Hanlon (d. 1971), NYC.  She was a teacher and principal best known as a disheartened 8-year-old who asked the staff of the New York Sun whether Santa Claus existed.  Francis P. Church responded in an editorial that, yes, indeed, “there was a Santa Claus.”
    1901 - Henry Emmett "Heinie" Manush (1901-1971) was born in Tuscumbia, AL.  Manush spent 17 seasons in the Majors, playing for the Tigers, Browns, Senators, Red Sox, Dodgers and Pirates to a career .330 batting average. He won the AL batting title in 1926.  Manush was elected to the Baseball Hall of Fame in 1964.
    1903 – Ford Motor Company shipped its first car.  Henry Ford's first attempt at a car company under his own name was the Henry Ford Company in 1901, which became the Cadillac Motor Company in 1902, after Ford left with the rights to his name.  The Ford Motor Company was launched in a converted factory in 1903 with $28,000 in cash from twelve investors, most notably The Dodge Brothers (who would later found their own car company). During its early years, the company produced just a few cars a day. Groups of two or three men worked on each car, assembling it from parts made mostly by supplier companies contracting for Ford. Within a decade, the company would lead the world in the expansion and refinement of the assembly line concept, and Ford soon brought much of the part production in-house in a vertical integration that seemed a better path for the era.
    1911 – Frank Schulte hit for the cycle to help the Cubs top the Phillies, 4-3. He ends the year as the first player ever to top the 20 mark in doubles, triples, homers, and stolen bases. Only Willie Mays in 1957 matched him in the 20th century; the feat will be matched twice in 2007, by Curtis Granderson and Jimmie Rollins.
    1920 – Elliot Richardson (1920-99) was born in Boston.  A member of the cabinets of Presidents Nixon and Ford, and as Attorney General, he was a prominent figure in the Watergate scandal.  Rather than obey President Nixon's order to fire special prosecutor Archibald Cox, he resigned in what has become known as the Saturday Night Massacre.
    1922 - Alto/tenor sax player/arranger Ernie Wilkins (1922-99) was born in St. Louis, MO.  Perhaps best known for his Count Basie arrangements.
http://www.harlem.org/people/wilkins.html.
http://elvispelvis.com/erniewilkins.htm
    1930 - The temperature at Washington, D.C. soared to an all-time record of 106 degrees. The next day, Millsboro reached 110 degrees to set a record for the state of Delaware. July, 1930 was one of the hottest and driest summers in the U.S., particularly in the Missouri Valley where severe drought conditions developed. Toward the end of the month, state records were set for Kentucky with 114 degrees, and Mississippi with 115 degrees.
    1932 – In the Nation’s Capital, police fired tear gas on World War I veterans, part of the Bonus Expeditionary Force, who attempt to march to the White House.
    1934 - 118ø F (48ø C), Keokuk, Iowa (state record)
    1934 – In Minneapolis, police fired upon striking truck drivers during the Minneapolis Teamsters Strike of 1934, killing two and wounding sixty-seven.
    1934 - In Seattle, police fired tear gas on and club 2,000 striking longshoremen. The Governor of Portland, OR called out the National Guard to break a strike on the Portland docks.
    1938 - The Justice Department filed suit in New York against the motion picture industry charging violations of the Sherman Antitrust Act in regards to the studio system. The case would eventually result in a break-up of the industry in 1948.
    1938 – Natalie Wood (1938-81) was born Natalie Zacharenko in San Francisco.   Her screen roles include “Miracle on 34th Street,” “Splendor in the Grass,” “Rebel Without a Cause,” and “West Side Story.”  After first working in films as a child, Wood became a successful Hollywood star as a young adult, receiving three Academy Award nominations before she was 25 years old.  Wood drowned near Santa Catalina at the time her last film, “Brainstorm” (1983), was in production with co-star Christopher Walken. Her death was declared an accident for 31 years; in 2012 after a new investigation, the cause was reclassified as "undetermined."
    1938 – Johnny Mize of the Cardinals hit three home runs in a game for the second time this season, in a game against the New York Giants.  “Big Cat” holds the Major League record for the most 3-homer games, a feat he performed 6 times. He is also the only player to do it in both leagues. He finished his career with 359 round trippers and was elected to the Hall of Fame in 1981.
    1939 - Birthday of Judy Chicago, born Judith Sylvia Cohen, in Chicago.  An artist who encourages women to do what she did, assimilate female imagery into their art work, she established educational programs for women, was one of the founders of the Los Angeles Feminist Studio Workshop which, among other things, opened the Woman's Building, and creator of a number of exciting woman-related images and sculptures.
http://www.indiana.edu/~scsweb/jchicago/chicago_cu2.jpg
http://www.judychicago.com/
http://www.npr.org/programs/atc/features/2002/oct/chicago/
    1940 - The first pop music record charts for single songs were published by the music grade newspaper “Billboard.”  The first Number One song was Tommy Dorsey's “I'll Never Smile Again,” sung by Frank Sinatra.
    1940 – California’s first freeway opened, the Arroyo Seco Parkway.  Formerly known as the Pasadena Freeway, it connects LA and Pasadena alongside the Arroyo Seco seasonal river. It became a part of new alignment of US Route 66.  A groundbreaking ceremony in South Pasadena on March 22, 1938 commenced construction and generally progressed from Pasadena southwest. The road remains largely as it was on opening day and it now carries the designation State Route 110. In 2010, as part of plans to revitalize its scenic value and improve safety, Caltrans renamed the roadway back to its original name
    1944 - President Franklin D. Roosevelt was nominated for an unprecedented 4th term at the Democratic convention.   Harry S. Truman of Missouri was nominated for Vice-President.  At the end of June, the Republican National Convention nominated Thomas E. Dewey, Governor of New York for the presidency and Gov. John W. Bricker of Ohio for the vice-presidency.
    1944 - The Browns’ Nels Potter became the first pitcher suspended for throwing spitballs. He was banned for 10 days for allegedly "putting an illegal substance on the ball." Potter will return and win 19 games for St. Louis.
    1945 - Top Hits
“Dream” - The Pied Pipers
“The More I See You” - Dick Haymes
“Sentimental Journey” - The Les Brown Orchestra (vocal: Doris Day)
“Stars and Stripes on Iwo Jima” - Bob Wills
    1946 – 13-year-old Petula Clark made her first appearance on British TV
    1947 - Carlos Santana was born Autlan de Navarro, Jalisco, Mexico     
    1947 – Hank Thompson played 2B while Willard Brown played CF for the St. Louis Browns against the Red Sox. It was the first time that two black players appeared in the same Major League lineup.
    1948 - An unprecedented 10-game suspension and $500 fine of an umpire, the veteran Bill McGowan, was announced by AL President Will Harridge following a confrontation in the Senators-Indians game. Tired of Senators pitcher Ray Scarborough continually complaining about strike calls, McGowan threw a ball-and-strike indicator at him and ejected Washington manager Joe Kuhel and several coaches.
    1950 - LIBBY, GEORGE D., Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company C, 3d Engineer Combat Battalion, 24th Infantry Division. Place and date: Near Taejon, Korea, 20 July 1950. Entered service at: Waterbury, Conn. Birth: Bridgton, Maine. G.O. No.: 62, 2 August 1951. Citation: Sgt. Libby distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. While breaking through an enemy encirclement, the vehicle in which he was riding approached an enemy roadblock and encountered devastating fire which disabled the truck, killing or wounding all the passengers except Sgt. Libby. Taking cover in a ditch Sgt. Libby engaged the enemy and despite the heavy fire crossed the road twice to administer aid to his wounded comrades. He then hailed a passing M-5 artillery tractor and helped the wounded aboard. The enemy directed intense small-arms fire at the driver, and Sgt. Libby, realizing that no one else could operate the vehicle, placed himself between the driver and the enemy thereby shielding him while he returned the fire. During this action he received several wounds in the arms and body. Continuing through the town the tractor made frequent stops and Sgt. Libby helped more wounded aboard. Refusing first aid, he continued to shield the driver and return the fire of the enemy when another roadblock was encountered. Sgt. Libby received additional wounds but held his position until he lost consciousness. Sgt. Libby's sustained, heroic actions enabled his comrades to reach friendly lines. His dauntless courage and gallant self-sacrifice reflect the highest credit upon himself and uphold the esteemed traditions of the U.S. Army.
    1950 - The “Arthur Murray Party” premiered on television. This ballroom dancing show appeared on all four networks (ABC, Dumont, CBS and NBC) and was hosted by Kathryn Murray, wife of famed dance school founder Arthur Murray.   “Arthur Murray taught me to dance in a hurry.“   He is the uncle of our good friend Bob Teichman (Murray dropped his middle name as Teichman did not rhyme with very many things.)
    1951 - In a move that will aid their pennant drive, the New York Giants put OF Bobby Thomson at 3B to replace the slumping and injured Hank Thompson. Thomson, who lost his CF job to the rookie Willie Mays, will hit .357 for the rest of the season.
    1953 - Top Hits
“Song from Moulin Rouge” - The Percy Faith Orchestra
“April in Portugal” - The Les Baxter Orchestra
“I'm Walking Behind You” - Eddie Fisher
“It's Been So Long” - Webb Pierce
    1954 - Elvis Presley performed on what was probably the smallest stage of his career when he appeared on the back of a flatbed truck outside a Memphis drugstore for its grand opening. Elvis was then a member of The Blue Moon Boys trio with Bill Black and Scotty Moore, who took their name from a song they had recorded just two weeks previously, "Blue Moon of Kentucky".
    1954 – The cessation of hostilities in Vietnam were mandated by the agreement signed in Geneva, Switzerland.  Commanders of the forces of France and the People’s Army of Vietnam agreed to the partition into North and South Vietnam, foreign troop withdrawal and free election.  Indochina had been France’s Asian jewel since the 1880s. During the Second World War, the Japanese conquered Indochina, but in 1945, the French government immediately set out to reclaim its colonial possession. France’s plans were foiled by a powerful Vietnamese anti-colonial movement that had been much fortified during the war and was led by the well-educated and worldly Communist Ho Chi Minh. In 1945, France began a military campaign to suppress the rebellion, inaugurating thirty years of bitter conflict in Vietnam.  Initially, American leaders looked warily at France’s re-conquest of Indochina, but with the triumph of Mao’s Communist revolution in China in 1949 and the outbreak of war in Korea just eight months later, the Truman administration came to see French Indochina as a front in the global war against Communism. By 1952, the United States was paying for at least half the cost of France’s war there. President Eisenhower and Secretary of State John Foster Dulles believed, as Dulles put in a speech in early 1953, that the Soviets wanted to control “Indochina, Siam, Burma, Malaya …  what is called the rice bowl of Asia.” Ike agreed that keeping Indochina from falling to the Communists remained essential to America’s national security.  While the Geneva Accords ended the French involvement, they were quickly ignored as Ho Chi Minh sought to consolidate his communist regime further. 
    1958 - During the first game of a doubleheader, Tiger Jim Bunning no-hits the Red Sox, 3-0. The future Hall of Famer will become the first modern pitcher to toss a no-hitter in both leagues when throws a perfect against the Mets in 1964.
    1960 – The Polaris missile was successfully launched from a submarine, the USS George Washington, for the first time.
    1961 - Top Hits
“Tossin' and Turnin'” - Bobby Lewis
“The Boll Weevil Song” - Brook Benton
“Yellow Bird” - Arthur Lyman Group
“Heartbreak U.S.A.” - Kitty Wells
    1963 - Lesley Gore released "Judy's Turn To Cry," the follow up to her number one hit, "It's My Party." The record was a continuation of the original story and it too became a Top 5 hit in the US.
    1965 - Bob Dylan's "Like a Rolling Stone" is released by Columbia records. The disc turns out to be his biggest hit ever climbing to number two on the U.S. pop chart and number four in the U.K.
    1965 - Kama Sutra Records releases the Lovin' Spoonful's first record, "Do You Believe in Magic." It will reach #9 on the pop chart.
    1965 - Yankee pitcher Mel Stottlemyre hits an inside the park grand slam against the Red Sox en route to a 6-3 victory.  It was the first inside the park grand slam since 1910.
    1967 - The City and County of San Francisco put up $200,000 to create a free medical clinic. Dr. Frederick Meyers (d. 1998 at 80) helped found the Haight-Ashbury Free Medical Clinic
    1968 - One thousand mentally challenged athletes competed in the first Special Olympics at Soldier Field, Chicago.  Today, more than one million athletes from 156 countries compete at the local, national and international level.  
    1968 - Iron Butterfly's album, “In-a-Gadda-da-Vida”, debuted on the United States pop charts. It featured its now-famous 17-minute title track, which in turn contained one of the longest drum solos in the history of rock music.    
    1968 - Cream's "Wheels of Fire" LP enters the chart. It hits #1 and features the single "White Room."     
    1968 - Hugh Masakela's instrumental rendition of "Grazing in the Grass" reached the top of the Billboard Hot 100. A year later, The Friends of Distinction would take a vocal version of the song to number 3.
    1969 - Top Hits
“In the Year 2525” - Zager and Evans
“Spinning Wheel” - Blood, Sweat and Tears
“Good Morning Starshine” - Oliver
“I Love You More Today” - Conway Twitty
    1969 - American astronaut Neil Armstrong, nearly 240,000 miles from Earth, spoke these words to millions listening at home: "That's one small step for a man, one giant leap for mankind." A moment later, he stepped of the lunar module Eagle, becoming the first human to walk on the surface of the moon. That first step was taken with Armstrong's left foot.    
    1973 - Knuckleballer Wilbur Wood of the Chicago White Sox pitched both games of a doubleheader against the New York Yankees. No pitcher has done this since, but Wood lost both games.
    1975 - Steve Van Zandt performs for the first time in concert as a member of Bruce Springsteen's E Street Band in Providence, Rhode Island.     
    1976 – Henry Aaron hit the final HR, #755, of his career, off Dick Drago of the California Angels.
    1977 – The CIA releases documents under the Freedom of Information Act revealing it had engaged in mind control experiments.
    1977 - A flash flood hit Johnstown, Pa., killing 80 people and causing $350 million in damage.  In 1936, the area had been hit by 10 to 30 inches of water over a two-week period. The flood came before pending flood control legislation was enacted or any significant flood control measures implemented. The narrowness of the valleys and encroachment of buildings on the river banks contributed to record flooding. By the time nightfall came one-third of the city was under 17 feet of water and by the time flooding was over, twenty-five people lost their lives. The damages, estimated at $43 million.
    1977 - Top Hits
“Da Doo Ron Ron” - Shaun Cassidy
“Looks like We Made It” - Barry Manilow
“I Just Want to Be Your Everything” - Andy Gibb
“It was Almost like a Song” - Ronnie Milsap
    1978 - Steve Martin's novelty tune "King Tut" became a Top Ten hit in the US. Some of the musicians on the track were members of The Nitty Gritty Dirt Band.
    1984 - Ty Cobb's record was broken by baseball great Hank Aaron when Aaron appeared in game number 3,034 of his career. At age 40, Aaron, was already playing in his 20th Major League season.   
    1985 - Treasure hunters began removing $400 million in coins and silver ingots from the ocean floor in the biggest underwater treasure hunt in history. The money came from the Spanish galleon, "Nuestra Senora de Atocha," which sunk in 1622, 40 miles off the coast of Key West, Florida.    
    1985 - Sting's solo debut, "The Dream of the Blue Turtles" enters the album charts. The LP features the hits, "If You Love Somebody Set Them Free" and "Fortress Around Your Heart."     
    1985 - Top Hits
“A View to a Kill” - Duran Duran
“Raspberry Beret” - Prince and The Revolution
“Every time You Go Away” - Paul Young
“Dixie Road” - Lee Greenwood
    1986 - The temperature at Charleston, SC, hit 104 degrees for the second day in a row to tie their all-time record high.
    1987 - Yankee first baseman Don Mattingly ties a Major League mark as he is credited with 22 putouts in one game, matching Hal Chase's feat of 1906.    
    1988 - The Democratic National Convention nominated Gov. Michael S. Dukakis of Massachusetts for president and Sen. Lloyd M. Bensten, Jr., of Texas for Vice-President.
    1988 - The temperature at Redding, CA, soared to an all-time record high of 118 degrees. Showers and thunderstorms produced much needed rains from New England to southern Texas. Salem, IN was deluged with 7.2 inches of rain resulting in flash flooding.
    1989 - Showers and thunderstorms in the Middle Atlantic Coast Region soaked Wilmington, DE with 2.28 inches of rain, pushing their total for the period May through July past the previous record of 22.43 inches. Heavy rain over that three-month period virtually wiped out a 16.82-inch deficit which had been building since drought conditions began in 1985. Thunderstorms in central Indiana deluged Lebanon with 6.50 inches of rain in twelve hours, and thunderstorms over Florida produced wind gusts to 84 mph at Flagler Beach.  
    1991 - Tom Petty and The Heartbreakers' "Into The Great Wide Open" LP enters the chart.
    1993 - White House deputy counsel Vince Foster was found shot to death in a park near Washington, D.C., in an apparent suicide.
    1994 – OJ Simpson offered a reward of $500,000 for evidence of ex-wife's killer.  At last word, he has not paid himself.   
    1995 - The Regents of the University of California vote to end all affirmative action in the UC system by 1997.
    1997 - The fully restored USS Constitution (a.k.a. Old Ironsides) celebrated its 200th birthday by setting sail for the first time in 116 years.
    2000 - The leaders of Salt Lake City's bid to win the 2002 Winter Olympics are indicted by a federal grand jury for bribery, fraud, and racketeering
    2012 - A gunman opened fire at a movie theater in Aurora, CO, as it is showing “The Dark Knight Rises,” killing 12 and injuring 70 others.
    2015 – The US and Cuba resumed full diplomatic relations after five decades.
    2017 – OJ Simpson was granted parole to be released from prison after serving nine years of a 33-year sentence after being convicted of armed robbery in Las Vegas.  He was released in October, 2017.