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Friday, July 28, 2023


Today's Leasing News Headlines

Bad News, Chief!
    Placard
Story Credit Financing - Updated
    Business Loans, SBA Loans, Working Capital
New Hires/Promotions in the Leasing Business
    and Related Industries
Leasing and Finance Industry Help Wanted
  We Are Growing Our Senior Sales Team Now!
    www.topmarkfunding.com/careers
Slow and Steady Wins the Race:
  Building Your Career Methodically
    By Ken Lubin, ZRG Partners
The Fastest Growing and Declining Industries
    Ranked By Employment Change
Leading Automakers Partner to Create
    Massive EV Charging Network
Homeowners: Review These House-Related
    Deductions and Programs
GATX Corporation Reports 2023
    Second-Quarter Results Improve
Established directors and promising newcomers
   mingle in the latest batch of streaming releases

    Reviews by Fernando Croce
Large Cross Breed Mix Puppy
    Milpitas, California  Adopt-a-Dog
AACFB Meet the Funder - Channel
    Wednesday August 2, 3:00 pm (ET)
News Briefs ---
US economy unexpectedly accelerated to a 2.4%
    Rate in April-June quarter despite Fed hikes
Big banks will need to hold more capital
    to as risk guard under Fed proposal passed
Facing Big Storm Losses,
    Insurers Aim to Boost Rates
Anheuser-Busch to Lay Off Hundreds of US Corporate
    Workers after Bud Light Campaign Disaster
Bayer to pay up to $10.9 billion to settle
    bulk of Roundup weed killer cancer lawsuits
Ford delays EV production goals, sees
    less-than-expected demand for now
Tesla created secret team to suppress thousands
    of driving range complaints

You May Have Missed --
Americans bump up spending in June as
     inflation eases in a strong jobs market

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

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
  SuDoku
   Daily Puzzle
    GasBuddy
     Weather, USA or specific area
      Traffic Live----
       Wordle

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

[headlines]
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Bad News, Chief
Placard

 

[headlines]
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Story Credit Financing
Business Loans, SBA Loans, Working Capital



Balboa Capital Corp.
Bankers Capital
Black Rock Capital Investment, LLC
BSB Leasing, Inc
Calfund, LLC

Dakota Financial

Financial Pacific Leasing
Forum Financial Services, Inc.

Gonor Funding
Maxim Commercial Capital, LLC
North Mill Equipment Finance

Pawnee Leasing Corporation
P&L Capital Corporation
Providence Equipment Finance
Quality Leasing Co. Inc.
SLIM Capital, LLC
TEAM Funding Solutions

 

Alphabetical list - click on company name to view more details

Here are funders who take "A" and "B" rated applicants. They are also more interested not in "application only."  They become more comfortable learning more, beyond reviewing financial statements and tax returns, additional collateral, learning more about the story behind the business as qualifiers.

To qualify for this list, the company must be a funder (as qualified by Leasing News) and are on the “Funder List” and not a "Broker” or “Super Broker.” 

Leasing News reserves the right to not list a company who does not meet these qualifications.

Funder List “A”
http://www.leasingnews.org/Funders_Only/Funders.htm

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is also very much encouraged."

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


Bryan Anderson, CLFP, was hired as Regional Sales Manager, Equify Financial, LLC, Lincoln, Nebraska. Previously, he was Senior Sales Manager, Tandem Finance (September, 2021 - June, 2023). He joined Engs Commercial Finance Company, August, 2018, Business  Development Manager (August, 2018 - November, 2020); National Account Manager, Amur Equipment Finance (March, 2012 - July, 2016).
https://www.linkedin.com/in/bryan-anderson-clfp-93a8317b/


Jacob Fahl was hired as Director of Capital Markets, KLC Financial, Minnetonka, Minnesota. He is located in Marshall, Minnesota. He remains as Speaker, Teacher in Marshall, Minnesota since September, 2014. Previously, he was Vice President, Funding and Portfolio Services, Mitsubishi HC Capital America, Inc. (June, 2014 - July, 2023); Leader, Funding and Portfolio Services, Hitachi Capital America Corp. (June, 2014 - January, 2021). Full Bio:
https://www.linkedin.com/in/jacobfahl/details/experience/
https://www.linkedin.com/in/jacobfahl/


Kayla Harper was hired as Documentation Specialist, KLC Financial, Minneapolis, Minnesota.  Previously, she was at Wells Fargo, starting February, 2016, Mortgage Loan Closer, promoted December, 2019, Consumer Loan Underwriter.
https://www.linkedin.com/in/kayla-harper-a60a26180/


Jodie Schimek was promoted to Credit Supervisor, Oakmont Capital Services, Albany, Minnesota.  She joined the company March, 2021, Credit Analyst. Previously, she was Staff Accountant, VF Outdoor (December, 2018 - August, 2022). She joined Northwestern Bank October, 2012 as CSR 1, promoted May, 2014, Credit Analyst, promoted July, 2016, Business Banking Officer.
https://www.linkedin.com/in/jodieschimek

[headlines]
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Leasing and Finance Industry Help Wanted
  We Are Growing Our Senior Sales Team Now!
www.topmarkfunding.com/careers


[headlines]
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Slow and Steady Wins the Race:
Building Your Career Methodically
By Ken Lubin, ZRG Partners

We all have dreams and goals for our careers. Whether you want to climb the corporate ladder, start your own business, or pivot to a new industry, achieving career success rarely happens overnight. It takes patience, persistence, and a step-by-step approach.

Rather than getting overwhelmed by the big picture, focus on what you can do today to move your career forward. Here are some steps you can take right now:

  • Update your resume. Make sure your resume is polished and up-to-date. Tweak it for each new job you apply to.
  • Build your network. Reach out to colleagues, friends, and professional contacts. Let them know your goals and ask how they can help. Attend industry events and conferences to meet new people.
  • Learn new skills. Identify any skills or knowledge gaps. Take online courses and certification programs to boost your credentials.
  • Find a mentor. A mentor can give you advice and insight into your industry. They can also introduce you to opportunities.
  • Set short-term goals. Don't just focus on your ultimate dream job. Set goals for the next 3, 6, or 12 months so you have concrete steps.
  • Volunteer strategically. Volunteering is a great way to gain new skills and grow your network. Choose opportunities aligned with your professional goals.
  • Ace the interview. Spend time practicing and preparing for interviews. Reflect on past interviews to identify areas of improvement.
  • Show your value. Make sure your boss and colleagues understand the unique value you bring through your work contributions.
  • Be patient. Recognize that meaningful career growth takes time. Keep learning, building key skills, expanding your network and seizing opportunities.

Consistency and persistence are key. Focus on small steps forward each day, each week and each month. Before you know it, your career will have advanced significantly. With a thoughtful step-by-step approach, you can achieve the career success you desire.


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

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


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The Fastest Growing and Declining Industries
Ranked By Employment Change


click to view larger image

Tobacco Manufacturing leads the group of industries expected to register employment declines by 2031, with a projected decrease of 53% in employment, bringing its already small workforce down to only 5,000 employees by the end of the decade. This stark decline is not necessarily driven by waning smoking habits, as cigarette sales in the U.S. went up during the pandemic. Instead, further automation of the industry may replace tobacco manufacturing employees.

Another industry facing a similar situation is CDs & Tapes Manufacturing, which is expected to witness a 51% reduction in employees by 2031.

Below is the full list of BLS’ projected fastest growing industries, ranked by percent change in employment, between 2021–2031.


Ranked: Faster Declining Industries by Employment Change

Full Article
https://www.visualcapitalist.com/charted-americas-fastest-growing-industries-by-employment-change

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Leading Automakers Partner to Create
Massive EV Charging Network


Image: Getty Images

Seven of the largest automakers announced today a joint venture to create a sprawling vehicle recharging network across North America. The goal is to install at least 30,000 charge points in urban and highway locations accessible to nearly any EV by offering Combined Charging System (CCS) and North American Charging Standard (NACS) connectors.

The group includes BMW Group, General Motors, Honda, Hyundai, Kia, Mercedes-Benz Group, and Stellantis NV. In short, these automakers want their own Tesla Supercharger network.

The project was announced in a joint press release, noting that the venture is expected to be established later this year, pending customary closing conditions and regulatory approvals.

The planned charging locations sound like modern gas stations. Universal compatibility is the goal. With both CCS and NACS chargers, nearly any EV can recharge at these stations.


Matthew W. Daus, Esq.
Partner and Chairman, Windels Marx Transportation Practice Group
President, International Association of Transportation Regulators,
Transportation Technology Chair, University Transportation Research Center
Contact: mdaus@windelsmarx.com
156 West 56th Street | New York, NY 10019
T. 212.237.1106 | F. 212.262.1215

 

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Homeowners: Review These House-Related
Deductions and Programs

The summer months are a popular time to buy or sell a house. New homeowners should put reviewing the tax deductions, programs and housing allowances which they may be eligible on their move in to-do list.

Deductible house-related expenses

Most home buyers take out a mortgage loan to buy their home and then make monthly payments to the mortgage holder. This payment may include several costs of owning a home. The costs the homeowner can deduct are:

  • state and local real estate taxes, subject to the $10,000 limit.
  • home mortgage interest, within the allowed limits.

Taxpayers must itemize their deductions to deduct home ownership expenses.

Non-deductible payments and expenses; homeowners can't deduct any of the following items:

  • Insurance including fire and comprehensive coverage and title insurance
  • The amount applied to reduce the principal of the mortgage
  • Wages paid to domestic help
  • Depreciation
  • The cost of utilities, such as gas, electricity or water
  • Most settlement or closing costs
  • Forfeited deposits, down payments or earnest money
  • Internet or Wi-Fi system or service
  • Homeowners' association fees, condominium association fees or common charges
  • Home repairs

Mortgage interest credit

The mortgage interest credit helps people with lower income afford home ownership. Those who qualify can claim the credit each year for part of the home mortgage interest paid. A homeowner may be eligible for the credit if they were issued a qualified Mortgage Credit Certificate from their state or local government. An MCC is issued only for a new mortgage for the purchase of a main home.

Homeowners Assistance Fund

The Homeowners Assistance Fund program provides financial assistance to eligible homeowners for paying certain expenses related to their principal residence to prevent mortgage delinquencies, defaults, foreclosures, loss of utilities or home energy services and also displacements of homeowners experiencing financial hardship after January 21, 2020.

Ministers or military housing allowance

Ministers and members of the uniformed services who receive a nontaxable housing allowance can still deduct their real estate taxes and home mortgage interest. They don't have to reduce their deductions based on the allowance.

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##### Press Release ############################

GATX Corporation Reports 2023
Second-Quarter Results Improve

  • Rail North America’s fleet utilization remained high at 99.3%
  • Investment volume was $486.6 million in the second quarter and totaled $873.6 million year to date
  • GATX's second-quarter direct investment of aircraft spare engines totaled $239 million
  • Company expects to be at the upper end of or modestly exceed the previously announced 2023 full-year earnings guidance range

CHICAGO-- Net income for the first six months of 2023 was $140.7 million, or $3.87 per diluted share, compared to $78.4 million, or $2.18 per diluted share, in the prior year period. The 2023 year-to-date results include a net negative impact of $1.1 million, or $0.03 per diluted share, from Tax Adjustments and Other Items. The 2022 year-to-date results include a net negative impact of $44.4 million, or $1.23 per diluted share, from Tax Adjustments and Other Items.

At GATX Corporation (NYSE: GATX), we empower our customers to propel the world forward. GATX leases transportation assets including railcars, aircraft spare engines and tank containers to customers worldwide. Our mission is to provide innovative, unparalleled service that enables our customers to transport what matters safely and sustainably while championing the well-being of our employees and communities. Headquartered in Chicago, Illinois since its founding in 1898, GATX has paid a quarterly dividend, uninterrupted, since 1919.


Robert C. Lyons, President and Chief Executive Officer of GATX, said, "We see continued strong demand globally for the majority of railcar types in our existing fleets.

 "Rail North America’s fleet utilization was 99.3% at the end of the second quarter and our renewal success rate was 85.3%. The renewal lease rate change of GATX’s Lease Price Index was positive 33.1% for the quarter, with an average renewal term of 61 months. Our commercial team remains focused on improving renewal lease rates and lengthening lease terms on many car types.

"Rail International performed well and continued to experience higher renewal lease rates compared to expiring rates for most railcar types. For the second consecutive quarter, GATX Rail Europe and GATX Rail India expanded their fleets with a combined total of nearly 1,000 newly built railcars."

Mr. Lyons added, "In Portfolio Management, results were driven by improved performance at the Rolls-Royce and Partners Finance affiliates as international air passenger demand continues to recover. In addition, we identified attractive opportunities to increase our direct investment in aircraft spare engines, acquiring nine additional engines for $239 million during the quarter."

At June 30, 2023, Rail North America’s wholly owned fleet was composed of approximately 109,500 cars, including approximately 9,000 boxcars. The following fleet statistics and performance discussion exclude the boxcar fleet. Fleet utilization was 99.3% at the end of the second quarter of 2023, compared to 99.3% at the end of the prior quarter and 99.4% at the end of the second quarter of 2022.

 At June 30, 2023, GATX Rail Europe’s (GRE) fleet consisted of approximately 28,800 cars. Utilization was 96.9%, compared to 98.5% at the end of the prior quarter and 99.9% at the end of the second quarter of 2022. Demand for the majority of railcar types remains solid, with the decline in utilization driven primarily by weakness in the European intermodal sector. Additional fleet statistics for GRE are provided on the last page of this press release.

During the quarter, GATX Rail India took delivery of over 570 newly built cars, bringing its total fleet to over 6,900 railcars at the end of the second quarter. Demand for railcars in India remains robust, driven by continued growth in the economy and infrastructure development.

#### Press Release #############################

Why I Subscribe to Leasing News
By Randy Haug

“Kit, I have been an avid daily reader of Leasing News from the beginning. Honest, Informative, Timely and Valuable. It has the information in it that I find required for my personal and business development.

“One of the best things you can do is be continual learner in our business. Leasing News help make that happen for me.”

Best regards,

Randy Haug
EVP Co-Founder
LTi Technolgy Solutions, Inc.
rhaug@ltisolutions.com

 

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Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

Established directors and promising newcomers mingle in the latest batch of streaming releasing, which include offbeat comedy-drama (“Asteroid City”), spirited coming-of-age tales (“Falcon Lake”), tragic true stories (“Till”), humanistic portraits (“Tori and Lokita”), and urbane wit (“You Hurt My Feelings”).

Asteroid City (Amazon Prime, Vudu): Wes Anderson (“The Grand Budapest Hotel”) brings his unmistakable style to this offbeat, Cold War-set tale of human as well as cosmic connections. During the 1950s, the sleepy desert town of Asteroid City suddenly becomes a center of eccentric activity as young astronomy enthusiasts and their parents converge for a stargazing convention. Among them are a widowed war photographer (Jason Schwartzman) and his disapproving father-in-law (Tom Hanks), a melancholy movie star (Scarlett Johansson) and the famous playwright (Edward Norton) who’s turning the story into a TV play. Oh, and also an alien from outer space. Pushing his patented visual patterns to their limits, Anderson concocts a comedy-drama that brims with tenderness and wit. Others in the cast include Steve Carrell, Tilda Swinton and Jeffrey Wright.

Falcon Lake (iTunes, Vudu): The conventional coming-of-age movie template gets a spirited reworking in this intriguing mixtureof genres and tones, which makes for a particularly assured directorial debut for Canadian actress Charlotte Le Bon. Taking place in the Canadian countryside, it follows 13-year-old Bastien (Joseph Engel), who joins his family at their lake house for summer vacation. There, he becomes captivated bya teenage girl named Chloe (Sara Montpetit), who’s more interested in stealing her father’s wine and going to parties with older boys. Nevertheless, a friendship grows between them, particularly when Chloe tells Bastien stories about a ghost that haunts a nearby lake. As adolescent yearning playfully shades into hints of the supernatural, the characters’ bond is tested. The results are fresh, warm, and touching. With subtitles.

Till (Amazon Prime, Vudu): Promising filmmaker Chinoye Chukwu follows her previous feature, “Clemency,” with another intense and sensitive portrait of Black female strength in the face of wrenching tragedy. Chronicling the real-life horror of the 1955 lynching of 14-year-old Emmett Till in Mississippi, the narrative focuses the trauma experienced and the courage shown by his mother, Marnie Till-Mobley (Danielle Deadwyler, in a powerful performance). Consumed by grief, Marnie joins the NAACP and embarks on a mission to make “America bear witness” to the unspeakable crimes against her son. Determined to bring the killers to justice, she travels to the South and facessystemic apathy and culpability—as well as her own unshakable resolve. Shining a vivid spotlight on a dark passage of history, this is a painful story that demands remembrance.

Tori and Lokita (Amazon Prime, Vudu): Beloved for their empathetic fusions of grit and poetry, Jean-Pierre and Luc Dardenne (“Two Days, One Night”) paint a heartbreaking portrait of solidarity in a harsh world with this award-winning drama. Tori (Pablo Schils) and Lokita (Joely Mbundu) are young African immigrants trying to survive in the margins of suburban Belgium. Tori manages to secure residency papers, but Lokita—who tries to pass herself off as his sister—is pursuedby bureaucrats and falls in with the local narcoticstrade. As the owner of the restaurant where they work sends them on dangerous drug runs, the safety of their lives becomes increasingly precarious. With intimate, dynamic camerawork, the Dardennes fashion a suspenseful,passionatelyhumanistic document that tempers bleakness withhard-won poignancy. With subtitles.

You Hurt My Feelings (Amazon Prime, Vudu): Julia Louis-Dreyfus shines in this incisive comedy-drama, which re-teams her with her “Enough Said” director, Nicole Holofcener. Louis-Dreyfus plays Beth, an affluent Manhattan professor and published writer living a seemingly idyllic life with her therapist husband, Don (Tobias Menzies), and son, teenage Elliott (Owen Teague). About to celebrate their anniversary, the couple face unexpected tensions when Beth overhears Don disparaging her new book in private after praising it in public. Feeling betrayed, she feels her lack of self-esteem rising again. Her sister, Sarah (Michaela Watkins), comforts her while dealing with her own husband, Mark (Arian Moayed), an unsuccessful actor. Though the humor often arises from the awkward situations the characters find themselves in, Holofcener’s touch remains attuned to their vulnerable humanity.

Fernando Croce is a nationally recognized film reviewer and has been contributing to Leasing News since the summer of 2008. His reviews appear each Friday.

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Large Cross Breed Mix Puppy
Milpitas, California  Adopt-a-Dog

Simon
Male
Neutered
Location:
Animal Community Center, Milpitas

About me

Are you looking for a puppy that will never bore you? I'm a playful puppy that will surprise you with new tricks! You might have trouble finding me because I'm always running around everywhere! But don't fret! I can be occupied by bully sticks and toys. Will my next surprise be a forever home with you? Come down and meet me to see!
BENEFITS OF A HSSV ADOPTION
Starting with excellent matchmaking services from our adoption counselors, an HSSV adoption includes:

  • Spay/Neuter surgery
  • All necessary vaccines appropriate for the animal’s age and routine deworming
  • Home Again Microchip with lifetime registration
  • Expert tips on pet care and training, including free behavior advice for the lifetime of the animal from a behavior specialist
  • Post Adoption advice as your new pet adjusts to the home

    All our animals have been examined by veterinary staff and received a behavior assessment. You will receive a behavioral note about their time in our care.

Humane Society Silicon Valley
Peter Detkin and Michele Oats
Detkin Animal community Center
(ACC)
901 Ames Ave.
Milpitas, CA 95035
408-262-2133 x150
Email: adoptions@hssv.org
https://www.hssv.org/adopt/#adopt_today

 

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The 2023 AACFB Meet the Funder webinar series continues next week. Join us on Wednesday, August 2 at 3:00 p.m. (ET) to learn all about what Channel has to offer. Register for free today



[headlines]
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News Briefs---

US economy unexpectedly accelerated to a 2.4%
   rate in April-June quarter despite Fed hikes
https://apnews.com/article/economy-gdp-inflation-federal-reserve-jobs-consumers-ce011c5f4330bc29d37939730039d1bb 

Big banks will need to hold more capital
    to as risk guard under Fed proposal passed
https://nypost.com/2023/07/27/big-banks-will-need-to-hold-more-capital-to-guard-against-risk-under-new-fed-proposal/

Facing Big Storm Losses,
    Insurers Aim to Boost Rates
https://www.wsj.com/articles/facing-big-storm-losses-insurers-aim-to-boost-rates-f70211d6

Anheuser-Busch to Lay Off Hundreds of US Corporate
    Workers after Bud Light Campaign Disaster
https://nypost.com/2023/07/27/anheuser-busch-to-lay-off-workers-after-bud-light-disaster/ 

Bayer to pay up to $10.9 billion to settle
    bulk of Roundup weed killer cancer lawsuits
https://www.reuters.com/article/us-bayer-litigation-settlement/bayer-to-pay-up-to-10-9-billion-to-settle-bulk-of-roundup-weedkiller-cancer-lawsuits-idUSKBN23V2NP

Ford delays EV production goals, sees
    less-than-expected demand for now
https://www.washingtonpost.com/business/2023/07/27/ford-evs-earnings/

Tesla created secret team to suppress thousands
    of driving range complaints
https://www.reuters.com/investigates/special-report/tesla-batteries-range

[headlines]
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Americans bump up spending in June as
    inflation eases in a strong jobs market
https://www.bostonglobe.com/2023/07/18/business/americans-bump-up-spending-june-inflation-eases-strong-jobs-market/

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Sports Briefs---

He Makes $1 Million a Golf Tournament. He Can Thank the Golf War
    Scottie Scheffler has won handsomely from the PGA Tour’s battle with Saudi Arabia
https://www.wsj.com/sports/golf/pga-tour-liv-golf-saudi-arabia-scottie-scheffler-9d431d6f?st=wu1hoqkfuria4iz&reflink=desktopwebshare_permalink

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California News Briefs---

S.F. doesn’t have the highest homelessness
     rates in California. These cities do
https://www.sfchronicle.com/sf/article/sf-homeless-crisis-oakland-new-report-housing-18262961.php

Taylor Swift fans ‘welcome’ to tailgate, says
    Santa Clara official — despite Levi’s Stadium ban
https://www.msn.com/en-us/music/news/taylor-swift-fans-welcome-to-tailgate-says-santa-clara-official-despite-levi-s-stadium-ban/ar-AA1eoWMA


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Gimme that Wine

 

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

Livermore: Mitchell Katz Winery owner dies
   in two-car crash
https://www.kron4.com/news/bay-area/livermore-winery-owner-dies-after-car-crash/

Are Napa Cabernets losing their color?
Is the High Heat the Factor?.
https://www.sfchronicle.com/food/wine/article/napa-valley-climate-change-18119707.php

Wine of the week: Ram’s Gate, 2021 Estate
Vineyard Pinot Blanc, Carneros
https://www.pressdemocrat.com/article/lifestyle/wine-of-the-week-rams-gate-2021-estate-vineyard-pinot-blanc-carneros/

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

This Day in History

     1526 - The Spaniard Lucas Vasquez de Ayllon and his colonists left Santo Domingo in the Caribbean for Florida.
    1559 - The French relinquished Fort Ticonderoga in New York to the British under General Jeffrey Amherst.
    1579 - Francis Drake left SF to cross Pacific Ocean.  
    1603 - James VI of Scotland was crowned King James I of England. He then 'authorized' an English translation of the Scriptures, first published in 1611 and known since as the 'King James Version' of the Bible. It brought more interest in “religious freedom.” His reign brought Europeans to the new world, where less than 10% of the native population survived once they had started to settle the new land. In 1600, the Indian population of what was to become the U.S. was about 1,000,000 when European exploration began. They were tall, healthy, hunters, farmers, had wooden houses and large leather teepees. In the beginning, some of the earliest pioneers, as at Jamestown, VA were adventurers, interested more in making a quick fortune form the alleged riches of the New World than in engaging in agriculture or forestry. In later years, through a greater diversity of settlers arrived, and brought with them a variety of skills. They ranged from wealthy Englishmen, who wanted to carve out large estates, to servants. Merchants saw the opportunity for trade as populations grew. Groups seeking religious freedom were also prominent, bringing with them a tradition of hard work and a willingness to start anew (an example of the social position of the first settlers comes from the fact that among the male settlers of Jamestown, VA., the first permanent English settlement in America, of the 105 men, 35 were considered gentlemen, persons who means freed them from the need to work or engage actively in trade. The second expedition to Jamestown contained 33 gentlemen out of 120.
    1775 - Benjamin Franklin was appointed the first Postmaster General. He had served the crown as deputy postmaster at Philadelphia, PA, form 1737 to 1753, and as deputy postmaster general for the colonies from 1753 to 1774.
    1788 - New York became the 11th state to ratify the Constitution.
(Lower half of: http://memory.loc.gov/ammem/today/jul26.html )
    1835 - The first sugar cane plantation started in Hawaii
    1847 - American Black Joseph Jenkins Roberts declared Liberia, formerly a colony of the American Colonization Society, an independent republic. (Liberia and its independence were the subject of my University High School English Semester Report. Do you remember yours?)
http://memory.loc.gov/ammem/today/jul26.html
    1860 - Emperor Norton in San Francisco dissolved the United States:
"NOW, THEREFORE, WE, Norton I, by the Grace of God Emperor of the Thirty-three states & the multitude of Territories of the United States of America, do hereby dissolve the Republic of the United States, & it is hereby dissolved; & all laws made from & after this date, either by the National Congress or any State Legislature, shall be null & of no effect. 
All Governors, & all other persons in authority, shall maintain order by enforcing the heretofore existing laws & regulations until the necessary alterations can be affected. Given under our hand & seal, at Headquarters, San Francisco, this 26th day of July 1860." 
    1863 - Confederate General John Hunt Morgan was ordered to invade Kentucky He was to direct and draw General William S. Rosecrans' army from Tennessee. But Morgan went farther than he was ordered. He led a group of volunteer cavalrymen, raiding public property, burning bridges, taking horse, and captured railroad supplies. They also caused severe losses among the Union Troops and Morgan Raiders were feared wherever they went. While he never commanded more than 4,000 men, it is said he captured as many as 15,000 Union soldiers. He was a maverick. He had not followed orders and began harassing (some say plundering homes, others say they were Union sympathizer's homes) in Tennessee and Ohio, going in the opposite direction, actually into “enemy territory. “He was captured this day with 364 of his men at New Lisbon, Ohio. He had broken through the federal lines in Kentucky and crossed the Ohio River into Indiana. Used to lighting raids and use of his cavalry, a flood caused the river to rise. He could not find a way to return to Confederate territory. He was imprisoned in the Columbus, Ohio Penitentiary. It did not hold him long. He escaped the next November, continuing his many his raids. He finally made it to Kentucky, in June, 1864, where Union troops were not very strong. He was caught and defeated, but with his fast Calvary, outran the Union troops, and regrouped. He then went to Greenville, Tennessee, which now was also in Union hands, where he was killed in battle, September, 1864.
    1865 - Patrick Francis Healy is first black awarded Ph.D., from Catholic University in Louvain, Belgium.  Healy was a Catholic priest and Jesuit who was an influential president (1874-82) of Georgetown University, becoming known as its "second founder." The university's flagship building, Healy Hall, bears his name. Though self-identifying and largely passing as white, Healy would be posthumously recognized as the first African American to become a Jesuit, earn a Ph. D., and become the president of a predominantly White university.
    1875 - Windstorm (possibly a tornado) rips through Erie, PA killing 134 and doing $500,000 damage
    1875 - Black Bart, a poet with a fondness for Wells Fargo, robs his first stagecoach, the Sonora to Milton stage, in Calaveras County, California — the same stage line he targets in his last heist (his 29th) in 1883. 
"I've labored long & hard for bread,
For honor & for riches,
But on my corns too long you've tread
You fine-haired sons of bitches." 
    1890 - Powerful F3 tornado raked Lawrence, MA at 9:10 am, killing 8 and injuring 63. The storm destroyed 35 homes and damaged 60. Storms of this strength and occurring at this early hour are very rare in New England.
    1892 - Birthday of Pearl S Buck (d. 1973), Hillsboro, WV. As the daughter of missionaries, Buck spent most of her life before 1934 in China. Her novel, “The Good Earth,” was the best-selling fiction book in the United States in 1931 and 1932 and won the Pulitzer Prize in 1932. In 1938, she was awarded the Nobel Prize in Literature "for her rich and truly epic descriptions of peasant life in China and for her biographical masterpieces." She was the first American woman to win the Nobel Prize in Literature.
    1895 - Birthday of Gracie Allen (d. 1964) in San Francisco. Allen was part of the highly popular comedy team of Burns and Allen. Gracie took no part in the writing or promotion of the comedy, preferring her home and children. Her comedic delivery was impeccable and the duo was highly popular, but she got tired of the airhead with the twisted logic that she was forced to portray, although she continued to do it so very well. It was totally different from her own personality. Her right arm had been badly scalded when she was a child, and she always wore long sleeves.
    1902 - Birthday of trumpet player Gus Aiken (d. 1973), Charleston, SC.   
    1907 - The first turbine-propelled ship was launched. The speedy vessel was named "Chester" and was built for the U.S. Navy.
    1914 - Birthday of bandleader Erskine Hawkins (d. 1993), Birmingham, AL.
    1918 - Race riot in Philadelphia (three whites and one black are killed)
    1922 - Birthday of Jason Robards, Jr., (d. 2000), Chicago, IL.  He was a staple on the American stage and screen for six decades. Robards was also a decorated World War II veteran. He won the Oscar for Best Supporting Actor two years in a row for 1976's “All the President's Men” and in 1977s “Julia.” His most famous stage roles were in the plays of Eugene O'Neill, including “The Iceman Cometh” and “Long Day's Journey into Night.” Saw him in both. He was outstanding. O'Neill in “The Iceman Cometh” calls for a rotund salesman.  Robards was extremely convincing, even mesmerizing in this very long play about a salesman who has become sober and visits his favorite bar to bring reality, but only wakes up the demons, including in himself. He won the Tony Award in 1959 for his portrayal of a fictionalized F. Scott Fitzgerald in “The Disenchanted.”  Played many key roles in films, such as “The Philadelphia Story” and “All the President’s Men.”
        1926 - National Bar Association incorporates
    1928 - American film writer and producer Stanley Kubrick (d. 1999), born The Bronx, NY. Kubrick started out in photography at the age of 16 with Look magazine. His first film, “Day of the Fight,” produced in 1950, was a documentary of his photo series about fighter Walter Cartier. His film credits include “Dr. Strangelove,” “Full Metal Jacket,” and “2001: A Space Odyssey.” “Eyes Wide Shut,” Kubrick's final film, was released posthumously in the summer of 1999.
    1929 - Birthday of drummer Charles Persip (d. 2020), Morristown, NJ.
    1932 - Billy Banks's Rhythmakers (Red Allen, PeeWee Russell, Fats Waller) records “Mean Old Bed Bug Blues.”
    1937 - Birthday of Al Banks (d. 1977), Philadelphia, PA.  Lead singer of The Turbans, whose hit “When You Dance” reached #3 on the R&B chart and remained there for about two months in 1955.   It only rose to #33 on the pop chart, but stayed there for about five months, so it was counted as a significant hit.
    1938 - Birthday of jazz pianist Joanne Brackeen, Ventura, CA.
    1939 - Sixteen-year-old singer Kay Starr got a big break. She recorded "Baby Me" with Glenn Miller and his orchestra on Victor Records. Starr was filling in for Marion Hutton who, at the last minute, was unable to attend the recording session.  A pop and jazz singer who enjoyed considerable success in the late 1940s and 1950s, she was of Iroquois and Irish heritage. Starr was successful in every field of music she tried (jazz, pop, and country), but her roots were in jazz.  In 1955, she signed with RCA Victor Records. However, at this time, rock-and-roll was displacing the existing forms of pop music and Kay had only two hits, the first of which is sometimes considered her attempt to sing rock and roll, and sometimes as a song poking fun at it, "The Rock and Roll Waltz". Her hits included "Wheel of Fortune" (her biggest hit, No. 1 for 10 weeks).
    1942 - Judy Garland joined Gene Kelly to record "For Me and My Gal" for Decca Records. The song is featured in the movie of the same name.
    1942 - About 400 miles southeast of Fiji, the American aircraft carriers Wasp, Enterprise and Saratoga rendezvous with the invasion force for Guadalcanal. It is the most powerful force the US Navy has yet assembled in the Pacific.
    1942 - Actor Gene Autry is sworn into the Army Air Corps on the air, during his regular radio show, “Gene Autry's Melody Ranch.” He served as an officer and flew cargo and supply planes over enemy territory in the Middle and Far East until 1945, when he resumed his show.
    1943 - Birthday of Michael Phillip (Mick) Jagger, lead singer of the Rolling Stones since their beginning in 1962, was born in Dartford, England. The Stones began billing themselves as the greatest rock 'n' roll band in the world in the late '60s, and few denied the potency of their blend of blues, R'n'B and teen rock. Their manager, Andrew Loog Oldham, promoted them as the bad boys of British rock - the opposites of the clean-cut Beatles. And Jagger was portrayed as a leering, satanic figure. The Stones' number-one records in the '60s included "Satisfaction," "Get Off My Cloud" and "Time Is On My Side." The Stones survived the departure and subsequent death of guitarist Brian Jones in 1969. In fact, this and other notorious incidents, including a rumored liaison with Margaret Trudeau in 1978, seemed to enhance the Stones' following. The group continued to hit the charts into the 1980's, with such hits as "Start Me Up" and "Harlem Shuffle." Mick Jagger's duet with Tina Turner was one of the highlights of the 1985 Live-Aid concerts. He is still touring today, more magnificent than ever. Whenever I go to his concerts, I get third or four row. You pay a premium with a broker, but it is an event you will never forget as the band gives you every dollar's worth in their performance and show. 
    1943 - Record high for the state of Oklahoma set at Tishomingo with 120.
    1944 - WILSON, LOUIS HUGH, JR., Medal of Honor
Rank and organization: Captain, U.S. Marine Corps, Commanding Rifle Company, 2d Battalion, 9th Marines, 3d Marine Division. Place and date: Fonte Hill, Guam, 25-26 July 1944. Entered service at: Mississippi. Born: 11 February 1920, Brandon, Miss. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of a rifle company attached to the 2d Battalion, 9th Marines, 3d Marine Division, in action against enemy Japanese forces at Fonte Hill, Guam, 25-26 July 1944. Ordered to take that portion of the hill within his zone of action, Capt. Wilson initiated his attack in mid-afternoon, pushed up the rugged, open terrain against terrific machinegun and rifle fire for 300 yards and successfully captured the objective. Promptly assuming command of other disorganized units and motorized equipment in addition to his own company and 1 reinforcing platoon, he organized his night defenses in the face of continuous hostile fire and, although wounded 3 times during this 5-hour period, completed his disposition of men and guns before retiring to the company command post for medical attention. Shortly thereafter, when the enemy launched the first of a series of savage counterattacks lasting all night, he voluntarily rejoined his besieged units and repeatedly exposed himself to the merciless hail of shrapnel and bullets, dashing 50 yards into the open on 1 occasion to rescue a wounded marine lying helpless beyond the frontlines. Fighting fiercely in hand-to-hand encounters, he led his men in furiously waged battle for approximately 10 hours, tenaciously holding his line and repelling the fanatically renewed counterthrusts until he succeeded in crushing the last efforts of the hard-pressed Japanese early the following morning. Then organizing a 17-man patrol, he immediately advanced upon a strategic slope essential to the security of his position and, boldly defying intense mortar, machinegun, and rifle fire which struck down 13 of his men, drove relentlessly forward with the remnants of his patrol to seize the vital ground. By his indomitable leadership, daring combat tactics, and valor in the face of overwhelming odds, Capt. Wilson succeeded in capturing and holding the strategic high ground in his regimental sector, thereby contributing essentially to the success of his regimental mission and to the annihilation of 350 Japanese troops. His inspiring conduct throughout the critical periods of this decisive action sustains and enhances the highest traditions of the U.S. Naval Service.
    1944 - During World War II, the US Army ordered desegregation of its training camp facilities. Later the same year, black platoons were assigned to white companies in a tentative step toward integration of the battlefield. However, it was not until after the War—July 26, 1948—that President Harry Truman signed an order officially integrating the armed forces.
    1945 - The U.S. Cruiser Indianapolis arrived at Tinian Island in the Marianas with a deadly cargo. Aboard were the makings of the atomic bomb. On the island waited scientists prepared to complete the assembly.
    1947 - President Truman signed legislation unifying the two branches of the armed forces into the Department of Defenses. The branches merged were the War Department (Army) and the Navy. The Air Force was separated from the Army at the same time. Truman nominated James Forrestal to be the first Secretary of Defense. The legislation also provided for the National Security Council, the Central Intelligence Agency and the Joint Chiefs of Staff.
    1947 - President Harry S. Truman signs the National Security Act, which becomes one of the most important pieces of Cold War legislation. The act established much of the bureaucratic framework for foreign policymaking for the next 40-plus years of the Cold War. By July 1947, the Cold War was in full swing. The United States and the Soviet Union, once allies during World War II, now faced off as ideological enemies. 
    1948 - President Harry S. Truman signed an executive order officially integrating the armed forces.
    1948 - The first black host of a network show-CBS' Bob Howard Show.
    1948 - The Bambino makes his final public appearance at the New York premiere of “The Babe Ruth Story.” The Sultan of Swat will die three weeks later.
    1949 - No. 1 Billboard Pop Hit: "Some Enchanted Evening," Perry Como.
    1952 - Bob Mathias of the US won the decathlon at the Summer Olympics in Helsinki, Finland, to become the first athlete to win the Olympic decathlon twice. His first victory came in the 1948 London Games. Daley Thompson of Great Britain equaled Mathias's feat in 1980 and 1984.
    1953 - Fidel Castro with his Revolutionary Army leads attack on Moncada Barracks to take over Cuba, today known as the “26th of July Movement.” The “recognition” of Cuba is perhaps the last remains of the “Cold War” with the so-called communist form of government, which appears to be more of a “dictatorship.”
    1951 - Top Hits
“Too Young” - Nat King Cole
“My Truly, Truly Fair” - Guy Mitchell
“Mister and Mississippi” - Patti Page
“I Wanna Play House with You” - Eddy Arnold
    1952 - "Half As Much" by Rosemary Clooney topped the charts and stayed there for 3 weeks.
    1955 - Count Basie records “April in Paris.” (One more “once!”).
    1959 - Top Hits
Lonely Boy - Paul Anka
“A Big Hunk o' Love” - Elvis Presley
“My Heart is an Open Book” - Carl Dobkins, Jr.
“The Battle of New Orleans” - Johnny Horton
    1960 - Salt Lake City UT soars to all-time temperature record of 107
    1960 - Sam Cooke's "Chain Gang" is released.  The song became one of Cooke's most successful singles, peaking at number two on both the Billboard Hot 100 and the Hot R&B Sides. 
    1963 - Bob Dylan appeared at the Newport Folk Festival, where he sang "Blowin' in the Wind." Dylan had written the song in April 1962. "Blowin' in the Wind" became the unofficial anthem of the civil rights movement - and a hit for Peter, Paul and Mary.
    1963 - Record high of 96 at Eastport, ME.
    1963 - Motown Records release "Mickey's Monkey" by Smokey Robinson & the Miracles. It peaks at number three on the R&B charts and number eight on the pop chart.
    1964 - Teamsters President Jimmy Hoffa convicted of fraud and conspiracy.  He secured the first national agreement for teamsters' rates in 1964 with the National Master Freight Agreement.  Hoffa then tried to bring the airline workers and other transport employees into the union, with limited success. He was then facing immense personal strain as he was under investigation, on trial, launching appeals of convictions, or imprisoned for virtually all of the 1960s.  In May 1963, Hoffa was indicted for jury tampering in Tennessee, charged with the attempted bribery of a grand juror during his 1962 conspiracy trial in Nashville. Hoffa was convicted on March 4, 1964, and subsequently sentenced to eight years in prison and a $10,000 fine.  While on bail during his appeal, Hoffa was convicted in a second trial held in Chicago, on July 26, 1964, on one count of conspiracy and three counts of mail and wire fraud for improper use of the Teamsters' pension fund, and sentenced to five years in prison. 
    1965 - Beach Boys drummer Dennis Wilson marries Carol Freedman, the first of his four wives, in Los Angeles. 
    1966 - The Temptations' dance and show at the San Francisco Fillmore Auditorium. I was there with my late, great friend Acklin Thibeaux (May he rest in Peace.)
    1967 - Top Hits
“Windy” - The Association
“Can't Take My Eyes Off You” - Frankie Valli
“Light My Fire” - The Doors
“With One Exception” - David Houston
    1968 - John Lennon and Paul McCartney complete "Hey Jude" during a writing session at Paul's home. The song hits No. 1 in the U.S. a month later.
    1968 - The Jackson 5, discovered by Motown mainstay Gladys Knight (not, as legend has it, Diana Ross), signs to the label today for a one-year contract.
    1968 - Jeannie C. Riley records her number one hit: "Harper Valley P.T.A."
    1968 - The Rolling Stones album "Beggar's Banquet" has its release delayed because of their record label's objection to the album's cover design, which featured a graffiti-covered bathroom wall. Mick Jagger was furious. It was the first album on which Jagger played guitar.
    1969 - Mick Jagger of The Rolling Stones celebrated his 26th birthday with the release of the album, "Beggar's Banquet". It was the first time that Jagger's guitar playing had been featured on any of the Stone's records.
    1969 - Elvis Presley opens his first live engagement in nearly eight years. Las Vegas, Nev.
    1969 - The Rolling Stones' founding member and guitarist Brian Jones, found dead in his swimming pool just weeks earlier, is memorialized on the cover of Rolling Stone magazine. 
    1970 - The San Francisco Chronicle received a letter from the Zodiac killer with an unsubstantiated claim of killing 13 people. The case was never solved and is still considered "open." Speculation is he was killed in a car accident or committed to a mental institution as reasons he was never heard from again (no one knows.)
    1970 - Home runs came in triplicate. Johnny Bench of the Cincinnati Reds belted three home runs against the St. Louis Cardinals, and Orlando Cepeda of the Atlanta Braves launched a trio of homers in a game with the Chicago Cubs.
    1972 - No. 1 Billboard Pop Hit: "Alone Again (Naturally)," Gilbert O'Sullivan.
    1974 - John Denver earns a gold record for his all-time biggest hit, "Annie's Song." The song was written about his wife, who later divorced him.
    1974 - London graffiti artists hired by the Rolling Stones' management spray paint various local sites as promotion for the groups' latest single, "It's Only Rock And Roll." 
    1975 - Nat King Cole's daughter, Natalie, debuts on the music charts with "This Will Be." It makes it to number six on pop charts and number one on the R&B.
    1975 - Top Hits
“The Hustle” - Van McCoy & The Soul City Symphony
“I'm Not in Love” - 10cc
“One of These Nights” - Eagles
“Touch the Hand” - Conway Twitty
    1975 - Van McCoy and The Soul City Symphony reached the top spot on the "Billboard" record chart for the first -- and only -- time. The disco hit "The Hustle" became the top record in the U.S. The instrumental remained in the reflection of the disco mirror ball for only one week ... though plenty of other disco hits followed. Keep that white suit handy. Disco may just come back!
    1976 - Ted Nugent receives a gold record for his sixth, self-titled album. It includes "Hey Baby" and "Dog Eat Dog."
    1980 - No. 1 Billboard Pop Hit: "It's Still Rock and Roll to Me," Billy Joel. It is Joel's first No. 1 single.
    1983 - Top Hits
“Every Breath You Take” - The Police
“Electric Avenue” - Eddy Grant
“Is There Something I Should Know” - Duran Duran
“Pancho and Lefty” - Willie Nelson & Merle Haggard
    1984 - "Purple Rain," the film creation of Prince, premiered in Hollywood. Attending the gala at the Palace Theatre were Eddie Murphy, Lionel Richie and Stevie Nicks. MTV presented live coverage of the events.
    1986 - "Sledgehammer" by Peter Gabriel topped the charts and stayed there for a week
    1987 - Robert Wrenn set a record for the Buick Open. He won the golf tourney with a 26-under-par 262, a seven-stroke victory. Wrenn just missed the PGA Tour record of 27-under-par at the tourney, which was held at Grand Blanc, MI.
    1987 - Singer Billy Joel began a series of six concerts in the Soviet Union with a performance in Moscow. About 300 of the 10,000 people in attendance swarmed to the front of the auditorium, waving posters and climbing on each other's shoulders. It was an unusual display of enthusiasm for a Soviet audience, who usually showed appreciation by clapping slowly and rhythmically. At one point, Joel jumped from the stage and walked through the crowd followed by a procession of fans. He has an album plus a video/DVD on the tour.
    1988 - Thunderstorms produced large hail and damaging winds in the Middle Atlantic Coast Region, and in the south central U.S. Eight cities in the northwestern and north central U.S. reported record high temperatures for the date. Salem, OR, hit 103 degrees.
    1989 - Morning thunderstorms produced heavy rain in southeastern Texas, with more than three inches reported at the Widllife Refuge in southwestern Chambers County. Evening thunderstorms produced severe weather in Montana, with wind gusts to 62 mph reported at Helena. Eight cities from Maine to Minnesota reported record high temperatures for the date, including Newark, NJ, with a reading of 99 degrees. 
    1990 - President Bush signed the Americans with Disabilities Act, which went into effect two years later. It required that public facilities be made accessible to the disabled.
    1991 - Top Hits
“Unbelievable” - EMF
(“Everything I Do”) “I Do It for You” - Bryan Adams
P.A.S.S.I.O.N. - Rhythm Syndicate
“I Am a Simple Man” - Ricky Van Shelton
    1992 - Patty Sheehan defeated Juli Inkster in a playoff to win the 47th U.S. Women's Open at the Oakmont (PA) Country Club.
    1998 - Hale Irwin birdied the 18th hole for a 69 to win the U.S. Senior Open by one stroke over Argentina's Vicente Fernandez at Riviera Country Club, Pacific Palisades CA.
    1998 - Don Sutton and Larry Doby are inducted into the Hall of Fame along with Lee MacPhail, George Davis and Joe Rogan. MacPhail joins his dad, Larry, to become the first father and son to be enshrined at Cooperstown.
    1998 - With his 44th homer, Mark McGwire surpasses Johnny Mize as the all-time Cardinal single-season home run leader.
    1998 - Hitting his 380th career homer, Jose Canseco becomes the all-time Latin home run leader passing Orlando Cepeda and Tony Perez.
    2000 - U.S. District Judge Marilyn Hall Patel (in federal court, San Francisco CA) issued a preliminary injunction against online music service Napster. The judge ordered Napster to stop distributing copyrighted songs on the Web. Although Napster fought the ruling for months, this was the beginning of the end for the Internet music distribution site.
    2005 - After waiting through a 2 hours, 43 minutes rain delay in Atlanta to start the game, Greg Maddux becomes the 13th pitcher in baseball history to register 3,000 strikeouts. Taking an inside fastball in the top of the third inning, Omar Vizquel of the Giants becomes the historic victim of the crafty 39-year-old Cubs' right-hander.
    2020 – The body of civil rights activist John Lewis crossed the Edmund Pettis Bridge in Selma, AL for the last time with a military honor guard as part of a remembrance ceremony.  Lewis died on July 17 of pancreatic cancer while representing Georgia’s 5th District in the House, a post he had held from 1987.  He was the chairman of the Student Nonviolent Coordinating Committee (SNCC) from 1963 to 1966 and he was one of the “Big Six" leaders of groups who organized the 1963 March on Washington. He fulfilled many key roles in the civil rights movement and its actions to end legalized racial segregation in the US.   In 1965, Lewis led the first of three Selma to Montgomery marches across the Edmund Pettus Bridge. In an incident which became known as Bloody Sunday, state troopers and police attacked the marchers, including Lewis.  John Lewis received many honorary degrees and awards, including the Presidential Medal of Freedom in 2011.  Lewis's death has given rise to support for renaming the historically significant Pettus bridge in Lewis's honor, an idea previously floated years ago.  After his death, the Board of Fairfax County Public Schools announced that Robert E. Lee High School in Springfield, VA was renamed John R. Lewis High School. 

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