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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

Wednesday, June 13, 2018

Today's Equipment Leasing Headlines

Stearns Bank Equipment Finance
   Very Active in Broker/Third Party Origination Market
Stearns Bank Named #1 Top Performing Bank in the Nation
  By American Banker, top designation for the second year in a row
Atel Capital-Lease Origination/VP Capital Markets
   Centra Funding Now Hiring
    Leasing Industry Ads---Help Wanted
Artificial Intelligence and the Candidate's Search
  Career Crossroad --- by Emily Fitzpatrick/RII
Sales Makes it Happen by Scott Wheeler, CLFP
   Summer Prospecting
CLFP Academy for Lease & Finance Professionals
   Available Chicago/Philadelphia - Cincinnati Full
Greatness of America
Delinquent Debtor's Bank Overpays You by Mistake
 Can You Keep the Money? by Ann Morales Olazábal, MBA, JD
SEC Sues Equipment Leasing Company
 and its Founder Ralph T. Iannelli for $80 Million Fraud
Doberman Pinscher/Mix
   St. Cloud, Minnesota   Adopt-a-Dog
News Briefs---
Citigroup Investment Bank Looks to Cut Staff, Maybe 20,000
 in Favor of Automation
Lending Express Expands Into Silicon Valley;
  Moshe Kazimirsky, VP Strategic Partnerships/Biz Development
DeVere USA Fined $8 Million for Misleading Clients
  in Sound Leasing Equipment for Sports Stadiums
Fast-food chains roast IHOP over burger announcement
  Wendy's, White Castle and Whataburger
Congress Moving To Block Trump Deal with ZTE
  Over Iran Sanctions Violations
ELFF:  Inflationary Pressures and Rising Interest Rates
    Could Impact the Equipment Finance Industry (52 pages)
Journal of Equipment Lease Financing - Spring 2018 (21 pages)
  Headwinds and Tailwinds for Fintech in Equipment Financing

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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You May have Missed---
 Spark People—Live Healthier and Longer
  The Mental Health Benefits of Exercise
  Sports Brief----
   California Nuts Brief---
   "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

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Stearns Bank Equipment Finance
Very Active in Broker/Third Party Origination Market

Despite rumors to the contrary, a spokesperson for Stearns Bank Equipment Finance, replied, "In response to your inquiry about Stearns Bank, the reports you're hearing are false. Stearns Bank works with a number of third-party referral sources, which continue to be great partners in delivering equipment financing and loans for its business customers throughout the United States."

Leasing News requested information on the program, which we hope to have for Friday's News Edition. Ironically, today we received a very "newsworthy press release:”



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

Stearns Bank Named #1 Top Performing Bank in the Nation
By American Banker, top designation for the second year in a row

American Banker magazine has once again named Stearns Bank the top performing bank in the nation among banks with $2 to $10 billion in assets. The ranking is based on a three-year average return on equity. Stearns Bank earned the top spot in 2017, as well.

The bank rankings were released in the June 2018 issue of American Banker magazine. In that issue, the publication also discussed the ongoing challenges banks are facing when it comes to keeping brick and mortar branches open. It noted that many of the top-performing banks, such as Stearns Bank, are finding new ways to balance cost control with attracting new deposits.

Stearns Bank President Kelly Skalicky, said, “At Stearns Bank, we are meeting those challenges head on. With each new challenge, we find tremendous opportunity to grow and diversify our SBA loans and equipment financing through innovation and just plain hard work. 

"Our focus continues to be increased convenience, speed and security for our customers through continuous innovation, evolving with our customers and delivering what they need, when and how they want it. The entire team at Stearns Bank is committed to success, and we are honored to be recognized by American Banker magazine for the hard work we do every day for our customers.”

StearnsConnect is one example of Stearns Bank’s new digital offerings. An online and mobile banking app, StearnsConnect gives customers fast and simple access to all of their financial accounts and the ability to do any transaction at any time, from any device.

Chairman and CEO Norm Skalicky, said, “It is because of all of the employees at Stearns Bank that we earned this designation as a top performing bank.

"Their consistent dedication to top-notch service, continuous innovation and creativity helps us deliver on our customer commitment to Get the Job Done!

About Stearns Bank
Minnesota-based Stearns Bank National Association is a $2 billion, independently-owned financial institution with locations in Minnesota, Florida and Arizona, and over 33,000 small business customers nationwide, in every U.S. state. Recognized as the #1 performing bank in the nation by both American Banker and Independent Banker magazines, Stearns specializes in small business lending and equipment financing.

Driven by its mission to deliver outstanding personal service, fast decisions and customized finance solutions, Stearns gets the job done! For more information, visit

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


Leasing Industry Ads---Help Wanted
Now’s the Time to Apply

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations

   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries


Artificial Intelligence and The Candidate's Search
Career Crossroad --- by Emily Fitzpatrick/RII

As a Search Consultant specializing in specific industries and positions, I have been contending with a form of Artificial Intelligence (as I like to say, a disrupter) for years, such as the Job Board.  However, today’s Artificial Intelligence is advancing at a rate that is difficult to track. 

My experience with job boards began years ago when Monster, Career Builder, and others started changing our industry (hey, when was the last time you saw a Monster ad?).  I, too, utilized boards for non-industry specific positions and typically lower to mid-level roles. 

However, to find a professional within specific required parameters on a job board was digging through a haystack to find a needle. I could spend hours upon hours searching.  Adding to another level of frustration, how about all the other experts trying to land this precious find? Nixed that approach.  

For over 20 years, I have been approaching each search as a separate challenge by engaging in a tactical intensive search approach, yielding a much better ROI (time is an investment).  Additionally, my relationships with thousands of industry position and specific individuals throughout North America cannot be dismissed. There is much to be said regarding the Power of Personal Engagement. This is something Artificial Intelligence can do!   

Artificial Intelligence brings a tempting way of engaging candidates faster, and faster.  I call it, “Immediate Candidate Gratification,” as technology and data mining companies try to develop the best and fastest way to deliver a purple unicorn to your email box.

There is a plethora of errors and bugs in almost every facet of technology and software. Consider to this day that Microsoft still is not 100% accurate in their spell check feature. There will never be a 100% accuracy rate when indicating candidate parameters.

      • Does “Immediate Candidate Gratification” lead to long-term candidate success?
      • Is the goal to build and maintain an employee engagement or to add bodies?
      • Will the candidate leave the way he or she was found?
      • The real search process requires person-to- person engagement. It can’t be avoided?

·             Confidentiality
                            I WELCOME YOUR INSIGHT

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns



Sales Makes it Happen by Scott Wheeler, CLFP

Summer Prospecting

The prospecting efforts of commercial equipment leasing and finance originators in the summer months will determine their success in the fourth quarter of 2018. Unfortunately, many average originators perceive the "dog days" of summer as a time to coast; to slow down and do less prospecting. Comments are made about everyone being on vacation, decision makers being hard to contact, and business activity being slower during the summer months. However, top producing originators who push harder during the summer and continue to reach out to new vendors and end-users outperform their competition.

"Every day is an opportunity to outperform your competition."

If the competition is doing less prospecting, fewer in-person calls, are slower in their responses, or just not as active during the summer, then the window of opportunity is wide open for the more aggressive originator to build new relationships. Recently, I sat down with a veteran originator and we dissected some of his larger relationships. Several of his best and most profitable relationships were established during the summer months, when his competition's guard was down. The originator admits that prospecting can take more effort during the vacation season but, he also claims that vendors and end-users are open to longer conversations and appreciate the additional efforts and commitment he demonstrates year-round.   

The commercial equipment leasing and finance business is NOT a seasonal activity. Businesses are always looking for strong financial partners. The temperature outside should not determine your efforts inside.

Make Every Day Count 

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161

Sales Makes it Happen articles:





CLFP Academy for Lease & Finance Professionals
Available Chicago/Philadelphia - Cincinnati Full

The Certified Lease & Finance Professional (CLFP) Foundation has scheduled at this time three Academies for Lease & Finance Professionals (ALFP). The class is a three-day event designed to fully prepare an individual to sit for the CLFP exam assuming that the candidate has read and studied The Certified Lease & Finance Professionals’ Handbook prior to attending the class. During the first two days, all of the required sections of the CLFP exam are covered in-depth and on the third day, the exam is offered, but not mandatory.

There are also internal Academies year (meaning hosted by the company and only internal employees were invited).

Of the 133 CLFPs that were added to the membership last year, 102 attended an Academy.

Academies Scheduled:

Chicago, Illinois
Start: Thu, July 12, 2018, 8:00 AM (CDT
End: Sat, July 14, 2018, 4:00Pm (CDT)
Location: Hosted by BMO Harris Equipment Finance Company. Class Location: BMO Harris Bank N.A., 115 S. LaSalle St., 20th Floor; Chicago, IL 60603
Spaces Left: 8
Registered: 12

Philadelphia, PA
Start: Thu, August 2, 2018, 8:00 AM (EDT)
End Sat, August 4, 2018, 4:00 PM (EDT)
Location: Hosted by Odessa. Location: Two Liberty Place, 50 S. 16th St., Suite 2300, Philadelphia, PA 19102
(For clarity on ease of access, entrance is on 16th Street between Chestnut and Market Streets)
Spaces left:  10
Registered:  15

Cincinnati, Ohio
Start: Thu, August 16, 2018, 8:00 AM (PDT)
End: Sat, August 18, 2018, 4:00 PM (PDT)
Location: Hosted by Great American Insurance. Class Location: Great American Insurance, Queen City Square, 301 E. 4th Street, 23rd Floor, Cincinnati, OH 45202. Guests will check-in at lobby security for access to the 23rd floor.
Spaces left: 0
Registered: 24

For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or Sandy Vigilia, Executive Administrator (206) 535 – 6281. Visit





Delinquent Debtor's Bank Overpays You by Mistake
Can You Keep the Money?
by Ann Morales Olazábal, MBA, JD

It was a Monday and Bryant Specialties' credit manager, Dale Dickens, thought he was having a bad day. Little did he know that things were about to turn around. At about 4:15 p.m., he received notice from Bryant's bank that a $77,300 wire payment had just been received. The sender was Catchall Industries, which had an outstanding balance of almost $100,000. "They must have won the lottery!" Dale thought. And then, "Maybe this day wasn't so bad after all."

Before he left the office, Dale made sure the wire amount was credited to Catchall's account. He'd wait until the next morning to send an email asking how the remaining balance was going to be liquidated. But this was a good start on a debtor who had already been cut off.

When Dale arrived the next morning, he found three after-hours voicemail messages and five emails from Catchall's payables folks, all sent after 5:00 pm.  Apparently the $77,300 payment was the result of a bank error. Rather than $77,300, Catchall had directed that funds be transferred by wire to Bryant Specialties in the amount of $7,300.

Assuming the debtor's story about the error to be true, will Bryant Specialties be required to return the remaining $70,000, or is there some way it can keep the funds in partial satisfaction of Catchall's outstanding balance?

Make your decision and then click here for the answer and our analysis!




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

SEC Sues Equipment Leasing Company
and its Founder Ralph T. Iannelli for $80 Million Fraud

The Securities and Exchange Commission charged an equipment leasing company and its founder with defrauding investors in connection with sales of over $80 million in promissory notes.

According to the SEC's complaint, between 2014 and 2017, Essex Capital Corporation, Santa Barbara, California, and its founder, Ralph T. Iannelli, made a series of false and misleading statements and illusory personal guarantees to registered investment advisers to induce them to invest millions of dollars of their clients' money in Essex's failing equipment leasing business. The SEC alleges that Essex and Iannelli provided one investment adviser with fake financial statements that overstated Essex's assets by more than $20 million and falsely told another investment adviser that Essex would assign equipment leases to its clients when the same leases had already been pledged as collateral for bank loans.

 The SEC's complaint further alleges that as Essex's finances deteriorated, the company resorted to frequent Ponzi-like payments, paying interest and principal to existing Essex investors with funds raised from newer investors. At the same time, Iannelli allegedly paid himself millions of dollars in bonuses and siphoned millions of dollars out of Essex through interest-free loans with no maturity date. According to the SEC, Iannelli personally owes the company over $6.4 million.

(Some 70 investors were taken in by the alleged scam through the sale of promissory notes that carried a high interest rate — typically around 8.5 percent, according to the SEC complaint.
(The complaint alleges that between 2014 and 2016, approximately $104 million of Essex’s revenues came from investors and banks, and only $34.4 million came from equipment leasing.)

The SEC's complaint, filed in the U.S. District Court for the Central District of California, charges Iannelli and Essex with violations of Section 17(a) of the Securities Act of 1933 and 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. It seeks disgorgement of allegedly ill-gotten gains along with interest, monetary penalties, and permanent injunctions against Iannelli and Essex. The SEC has also requested emergency relief against Defendants, including a preliminary injunction, an asset freeze, and the appointment of a receiver over Essex.

The SEC's investigation was conducted by Yolanda Ochoa, Marc J. Blau, and Rhoda Chang with assistance from the Office of Compliance, Inspections and Examinations. The litigation will be led by Douglas Miller and Gary Leung and supervised by Amy Jane Longo.

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


Doberman Pinscher/Mix
St. Cloud, Minnesota   Adopt-a-Dog

Animal ID 38772791
Size: Medium
Color: Brown/Tan
Declawed: no
Housetrained: Unknown
Site: Tri-County Humane Society
Location: Kennel Room A
Intake Date: 6/6/2018
Adoption Price: $375.00

Stray dog "Maggie" was found in the outskirts of Rice, MN ~~ Because she is a stray, very little is known about her past ~~ Slow and proper introductions are recommended with any resident pets ~~ She has been very friendly with the staff ~~ She is full of energy and loves treats! ~~ Did well during her exam ~~ This sweet girl would love to find a home with a fenced in yard or to be taken on daily walks ~~ Donations and adoption fees help cover the cost of spay/neuter surgeries, micro-chipping, vaccinating, de-worming, any medical procedures and general care ~~ DEPOSITS MAY BE PLACED ON ADOPTABLE ANIMALS by calling 320-252-0896

Tri-County Humane Society
735 8th Street NE
St. Cloud, MN 56304
Phone: 320-252-0896

Visit Animals
Monday-Thursday from 12 - 6
Friday from 12 - 8
Saturday from 11 - 5
Sunday from 12 - 5


Adopt a Pet


News Briefs----

Citigroup Investment Bank Looks to Cut Staff, Maybe 20,000
 in Favor of Automation

Lending Express Expands Into Silicon Valley;
Moshe Kazimirsky, VP Strategic Partnerships/Biz Development

DeVere USA Fined $8 Million for Misleading Clients
  in Sound Leasing Equipment for Sports Stadiums

Volkswagen Settlement Money Will Buy Electric Buses
  In Rhode Island--16 to 20 Buses

Fast-food chains roast IHOP over burger announcement
  Wendy's, White Castle and Whataburger

Congress Moving To Block Trump Deal with ZTE
  Over Iran Sanctions Violations

ELFF:  Inflationary Pressures and Rising Interest Rates
    Could Impact the Equipment Finance Industry  (52 pages)

Journal of Equipment Lease Financing - Spring 2018 (21 pages)
  Headwinds and Tailwinds for Fintech in Equipment Financing

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations

   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries



You May Have Missed---

50 Worst Cities to Live In
Slide Show


Spark People—Live Healthier and Longer

6 Ways to Relax Before Bed



The Mental Health Benefits of Exercise

Exercising to relax



Bill Lattanzi

Transmigratory birds -
Orioles, Jays, Cards -
In town one day, gone the next.
Our cities connect by rail by bus by train
By plane, by wire and less.
We move.
Born in the burbs, 90 miles from your
Calm, Bob Shepard:
"Now batting. The Centerfielder. Mickey Mantle."
And you were old then. Doing your crosswords,
Looking up at just the right moment, never
Missing a line. Your P.A. voice sitting
kindly between the squawk of the Scooter and
the Ol' Redhead, wised up, seen it all.

We migrate and grow by rail and plane and
PF Flyer - running faster, jumping higher -
Now we're minutes from Fenway, and
Sox fans, too. Proof that peace is possible;
It's all a game. And with my sons
We sit, ghost of my Dad and we and them and watch
Rootless and rooted, rooting,
And listen for you, Bob Shepard,
87 I think you are, still there,
In between clever McCarver and professional Buck.
Look up, Bob. Look up.
"Number 2. The shortstop. Derek Jeter. Jeter."
The game goes on.


Sports Briefs---

Draymond Green Has Once Again Mocked LeBron James
  With His Championship Parade T-Shirt

Steph Curry heals old wounds by
    wearing 'Run TMC' hat to victory parade

Warriors GM Bob Myers will give Kevin Durant new deal he wants

Brooms, BBQ Becky and crying LeBron:
   The best signs from the Warriors parade

Rams to Pay Reggie Bush $12.5M After
  RB Suffered Knee Injury on Concrete in 2015

Raiders waive QB Christian Hackenberg

Capitals’ Stanley Cup parade:
   Ovechkin’s speech brings the celebration to a wild end


California Nuts Briefs---

Compounds called Korklins Found in Cork-Stoppered Wines

Storing Wine of its Side is Nonsense, says scientist

Ohio Wineries Harvest $1.3B in Tourism Annually

Zaninovich remembered for pursuit of grape knowledge

Anderson Valley Mourns the Passing of Jeff Hansen



“Gimme that Wine”

Beaulieu Vineyard to host more visitors

Abundant Generosity and Unexpected Moments
   Delight Guests at 38th Auction Napa Valley

 MacRostie, 2015 Sonoma Coast Chardonnay

A 150-Year-Old Wine and Its Descendants Reveal Their Secrets

A Vineyard Fight Nearly Won

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1740 – Georgia provincial governor James Oglethorpe begins an unsuccessful attempt to take Spanish Florida during the Siege of St. Augustine. Oglethorpe raised a mixed force of British regulars (the 42nd Regiment of Foot), colonial militia from the Province of Georgia and the Carolinas, and Native American Creek and Chickasaw, or Uchees. Oglethorpe deployed his batteries on the island of Santa Anastasia while a British naval squadron blockaded the port.
    1774 – Rhode Island became the first colony to prohibit importation of slaves. The Rhode Island General Assembly in Newport, passed this legislation: “No Negro or mulatto shall be brought in to this colony, and in case any slave shall be brought in, he or she shall be, and are hereby, rendered immediately free, so far as respects personal freedom, and the enjoyment of private property, in the same manner as the native Indians.”
    1777 – Marquis de Lafayette landed in the United States to assist the colonies in their war against England.
    1789 - General George Washington was served a new dessert by Mrs. Alexander Hamilton: ice cream.
    1798 - The Mission San Luis Rey de Francia was founded at what is now Oceanside, California, the northernmost city of San Diego County.  It is the largest of the 21 California missions. It was abandoned in 1846. Restoration began in 1892.
    1786 - Birthday of Winfield Scott (d. 1866) at Petersburg, VA.  US Army general, negotiator of peace treaties with Indians and twice nominated for president (1848 and 1852). Leader of brilliant military campaign in Mexico in 1847.
    1805 - Scouting ahead of the Lewis & Clark Expedition, Capt. Meriwether Lewis and four companions sight the Great Falls of the Missouri River.
    1868 - African-American Oscar J. Dunn was elected Lieutenant Governor of Louisiana. He ran away from slavery, finally bought his freedom, and began his education prior to his freedom. State Senator in 1868, Lt. Governor from 1868 to 1870.  Reputed to be firm, courageous and incorruptible, died suddenly in November, 1871. Ironically, his death brought the first African American to serve as governor of a state: P.B.S. Pinchbeck. He had been elected president pro tempore of the Louisiana senate in 1871, and promoted to lieutenant governor upon the death of Oscar J. Dunn. Pinchback was educated in Cincinnati, was a captain in the army. When Governor Warmoth was impeached in December 1872, he became governor for a few days. 
    1875 - Birthday of Mariam Amanda Wallace "Ma" Ferguson (d. 1961), Bell County, TX.  Two-time Governor of Texas. In November, 1924, she and Nellie Ross of Wyoming were elected the nation's first female governors. Her husband had been impeached, convicted and removed from the Governor’s office to which he had been elected in 1916. She ran to clear the family name under the motto "two Governors for the price of one." She said, up front, that she would be just a stand-in for her husband, but when elected, she did a lot of things her way. Although “Ma” Ferguson did fulfill a campaign promise to secure an antimask law against the Ku Klux Klan, the courts overturned it. State expenditures were slightly increased, despite a campaign pledge to cut the budget by $15 million. The focal point of discontent centered upon irregularities both in the granting of pardons and paroles and in the letting of road contracts by the state highway department. Ma Ferguson pardoned an average of 100 convicts a month, and she and "Pa" were accused by critics of accepting bribes of land and cash payments. Critics also charged that the Ferguson-appointed state highway commission granted road contracts to Ferguson friends and political supporters in return for lucrative kickbacks. She won re-election and then retired from politics until she was 65 years, ran for governor in 1940, but did not win.
    1893 – Grover Cleveland noticed a rough spot in his mouth and, on July 1, secretly underwent successful surgery to remove a large, cancerous portion of his jaw; the operation was not revealed to the public until 1917, nine years after the president's death.
    1889 - Forest fires in northern Wisconsin and northeast Minnesota were in the process of destroying millions of dollars of board feet of timber.
    1903 – Birthday of “The Galloping Ghost,” Red Grange, born Harold Edward Grange (d. 1991) in Forksville, PA.  He played halfback at the University of Illinois and professionally for the Chicago Bears.  His signing with the Bears helped legitimize the fledgling National Football League and he was a charter member of both the College Football Hall of Fame and the Pro Football Hall of Fame.  In 2008, he was named the best college football player of all time by ESPN.  Chicago sportswriter Warren Brown nicknamed Grange "The Galloping Ghost" after his stunning performance against Michigan on October 18, 1924 against Michigan in the grand opening game of the new Memorial Stadium, built as a memorial to University of Illinois students and alumni who had served in World War I.  Michigan was going for the national championship and entered as favorites.  Grange returned the opening kickoff for a 95-yard touchdown and scored three more touchdowns on runs of 67, 56, and 44 yards in the first 12 minutes–the last three in less than seven minutes.  On his next carry, he ran 56 yards for yet another touchdown. Before the game was over, Grange ran back another kickoff for yet another touchdown. He scored six touchdowns in all. Illinois won the game by a lopsided score of 39-14.  In the decade of The Roaring Twenties that saw the likes of Babe Ruth and Charles Lindbergh, the introduction of television and talking pictures, none were greater than The Ghost.
    1905 - Trumpet player Doc Cheatham (d. 1997) birthday, Nashville, TN.
    1905 – Christy Mathewson of the New York Giants pitched his second career no-hitter, beating the Chicago Cubs and Mordecai “Three-Finger “ Brown, 1-0.  Mathewson and Brown matched no-hitters for eight innings. The Giants got two hits in the 9th for the win, and a pair of errors committed by Bill Dahlen at shortstop prevented Mathewson from hurling a perfect game.
    1907 - The temperature at Tamarack, California dipped to 2 degrees above zero, the lowest reading of record in June for the U.S.  After 42 inches of snow fell between the 10th and the 13th, the snow depth on this date was 130 inches.
    1913 – Ralph Edwards (d. 2005) was born in Merino, CO.  Radio and TV host and producer, best known for his radio-TV game shows, “Truth or Consequences” (1940-78) and “This is Your Life” (1948-60). 
    1921 - Christy Mathewson reached his 300th career victory as the Giants beat the Cubs, 3-2.  During his 17-year major league career, Mathewson compiled a 373-188 record.
    1921 - "The Sultan of Swat," Babe Ruth, clobbered a 460 foot home run into the center field bleachers at New York City’s Polo Grounds. It was the longest homer Ruth hit in his career and the first to reach those deep seats at the Polo Grounds.  It was Ruth’s 21st homer of the season and he pitched five innings to get the win over the Tigers, 13-6, that included a strikeout of Ty Cobb.
    1927 - Aviation hero Charles Lindbergh was honored with a ticker-tape parade in New York City. He was the most popular man of his era, considered a presidential candidate, but the kidnapping of his son changed his life. While the man who asked for ransom was caught, it is believed by many that it was Lindbergh's own sister who killed the infant as she suffered from mental illness and had harmed the baby earlier.   
    1929 – Coast Guard Radio Technician A. G. Descoteaux became the first person to broadcast from an aircraft. In a Loening amphibian, he reported the takeoff of a French aircraft on a trans-Atlantic flight at Old Orchard Beach, Maine. The account was relayed by ground equipment to an extensive national hookup and was received by U.S. and foreign listeners.
    1933 - In an effort to get the economy going again, the Federal Savings and Loan Association was authorized with the passage of the Home Owners Loan Act. The purpose of the legislation was to provide a convenient place for investment and to lend money on first mortgages. The first association was the First Federal Savings and Loan Association of Miami, Florida, which was charted on August 8, 1933.
    1935 - In a 15 round match, Jim Braddock defeated Max Baer at New York’s  Madison Square Garden to win the Heavyweight Championship of the World as the 10-to-1 underdog in one of the most stunning upsets in boxing history.
    1937 - Joe DiMaggio hits 3 consecutive HRs against St Louis Browns
    1939 - Victor Records artist Lionel Hampton and his band recorded "Memories of You." He had played the song with the Benny Goodman Quartet at Carnegie Hall in 1937.
    1940 – R & B singer Bobby Freeman (d. 2017) was born in San Francisco. He is best known for "Do You Wanna Dance," which became a number five hit for him in 1958. The song was later covered by the Beach Boys - in 1965 - and the Ramones - in 1978.
    1940 – President Franklin Roosevelt signs a new $1,300,000,000 Navy bill providing for much extra construction. Meanwhile, in response to Churchill’s pleas in his telegrams to President Roosevelt, surplus stocks of artillery weapons and rifles have been assembled from US government stores. The first shipment left the USA on the SS Eastern Prince for the voyage to Britain. The US Neutrality Laws had been subverted by first “selling” the arms to a steel company and then reselling them to the British government.
    1942 - The Office of War Information was created.
    1944 – Only one week after the Normandy invasion, the first German V-1 buzz bomb, also called the doodlebug (Fieseler Fi-103), was fired at London. The first guided missile to be used in force, the V-1 was powered by a pulse-jet engine and resembled a small aircraft. Only one of the four missiles London saw that day caused any casualties, but a steady stream of V-1s causing severe damage and casualties fell on London in coming months. At times, nearly 100 bombs fell each day. Many German buzz bombs never reached their targets because of primitive guidance systems or because they were destroyed in flight by anti-aircraft fire or intercepting Allied fighters.
    1944 - Marvin Camras, who was a student at the Armour Institute of Technology, Chicago, Il, patented a wire recorder for sound recordings. He had actually invented it in the 1930's, and it was used experimentally in 1939 and 1940, with several models in use by the US Navy in 1941. When I first went to work for KFRC Radio in 1963, we were using wire to record interviews, including telephone interviews (several times a week I would interview Governor “Pat” Brown, who was a longtime fan of the radio station when he was San Francisco district attorney).
    1948 - Top Hits
“Nature Boy” - Nat King Cole
“Toolie Oolie Doolie” - The Andrews Sisters
“Baby Face” - The Art Mooney Orchestra
“Texarkana Baby” - Eddy Arnold
    1948 - With the crowd of 49,641 singing 'Auld Lang Syne' to the Babe, the Yankees celebrate the silver anniversary of Yankee Stadium by holding 'Babe Ruth Day.’  With members of the 1923 team (the first team to play in the Stadium) looking on, the dying superstar's uniform number 3 is retired and sent to Cooperstown. The emotional ceremony at Yankee Stadium came two months before the baseball legend died.
(Poster available here $13.98---   
    1953 - Birthday of comedian, actor Tim Allen, Denver, Colorado.
”Home Improvement,” “Galaxy Quest,” “Last Man Standing.”
    1956 - Top Hits
“The Wayward Wind” - Gogi Grant
“I'm in Love Again” - Fats Domino
“I Want You, I Need You, I Love You” - Elvis Presley
“Crazy Arms” - Ray Price
    1957 -  Red Sox outfielder Ted Williams becomes the first American Leaguer to have two three-homer games in one season. The 'Splendid Splinter' drives in five runs, helping Boston to defeat the Indians, 9-3.
    1959 - US Army Private Elvis Presley receives a 15-day furlough and uses it to travel to Paris, ostensibly to meet film sexpot Brigitte Bardot. While there, he and his entourage take up a suite at the Prince De Galles Hotel, on the Champs Elysees, and visit the Moulin Rouge and the Lido club, home of the famous dancers, the Bluebell Girls. Elvis and company take some of the girls back to the hotel tonight, a practice they would continue throughout his leave.
    1963 - President John F. Kennedy and other leaders condemned the assassination by a sniper of civil rights leader Medgar Evers in the back outside of his home in Jackson, Mississippi on June 12. The crime sparked numerous demonstrations this day as an outrage of the killing. The reaction to this killing spurred the Civil Rights Act of 1964. Ten years after Medgar Evers's death, the national office of the NAACP reported that Mississippi had 145 black elected officials and that blacks were enrolled in each of the state's public and private institutions of higher learning.  In 1970, according to statistics compiled by the Department of Health, Education, and Welfare, more than one-fourth or 26.4 percent of black pupils in Mississippi public schools attended integrated schools with at least a 50 percent white enrollment. When Medgar died in 1963, only 28,000 blacks were registered voters. By 1971, there were 250,000 and by 1982 over 500,000.
    1964 - Top Hits
“Chapel of Love” - The Dixie Cups
“A World Without Love” - Peter & Gordon
“Love Me with All Your Heart” - The Ray Charles Singers
“Together Again” - Buck Owens
    1964 - The Rolling Stones' first major US television appearance is made on ABC's “Hollywood Palace,” a variety show with rotating host spots. This week's host, Dean Martin, who has made no secret of his dislike for rock in general and the British Invasion in particular, mocks the Stones at every turn for their long hair and seeming delinquency.  After acrobat Larry Griswold performs several death-defying trampoline stunts, Martin claims, "That's the father of the Rolling Stones. He's been trying to kill himself ever since."
    1966 - The US Supreme Court rendered a 5—4 decision in the case of Miranda v Arizona, holding that the Fifth Amendment of the Constitution “required warnings before valid statements could be taken by police.” The decision has been described as “providing basic legal protections to persons who might otherwise not be aware of their rights.” Ernesto Miranda, the 23-year-old whose name became nationally known, was retried after the Miranda Decision, convicted and sent back to prison. Miranda was stabbed to death in a card game dispute at Phoenix, AZ, in 1976. A suspect in the killing was released by police after he had been read his “Miranda rights.” Police procedures now routinely require the reading of a prisoner's constitutional rights (‘Miranda”) before questioning.
    1967 - President Lyndon Baines Johnson appointed Thurgood Marshall of Maryland to the Supreme Court, making him the first African-American appointed to this position.
    1968 - KEDENBURG, JOHN J., Medal of Honor 
Rank and organization: Specialist Fifth Class, U.S. Army, 5th Special Forces Group (Airborne), 1st Special Forces. place and date: Republic of Vietnam, 13 June 1968. Entered service at: Brooklyn, N.Y. Born: 31 July 1946, Brooklyn, N.Y. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sp5c. Kedenburg, U.S. Army, Command and Control Detachment North, Forward Operating Base 2, 5th Special Forces Group (Airborne), distinguished himself while serving as advisor to a long-range reconnaissance team of South Vietnamese irregular troops. The team’s mission was to conduct counter-guerrilla operations deep within enemy-held territory. prior to reaching the day’s objective, the team was attacked and encircled by a battalion-size North Vietnamese Army force. Sp5c. Kedenburg assumed immediate command of the team which succeeded, after a fierce fight, in breaking out of the encirclement. As the team moved through thick jungle to a position from which it could be extracted by helicopter, Sp5c. Kedenburg conducted a gallant rear guard fight against the pursuing enemy and called for tactical air support and rescue helicopters. His withering fire against the enemy permitted the team to reach a preselected landing zone with the loss of only 1 man, who was unaccounted for. Once in the landing zone, Sp5c. Kedenburg deployed the team into a perimeter defense against the numerically superior enemy force. When tactical air support arrived, he skillfully directed air strikes against the enemy, suppressing their fire so that helicopters could hover over the area and drop slings to be used in the extraction of the team. After half of the team was extracted by helicopter, Sp5c. Kedenburg and the remaining 3 members of the team harnessed themselves to the sling on a second hovering helicopter. Just as the helicopter was to lift them out of the area, the South Vietnamese team member who had been unaccounted for after the initial encounter with the enemy appeared in the landing zone. Sp5c. Kedenburg unhesitatingly gave up his place in the sling to the man and directed the helicopter pilot to leave the area. He then continued to engage the enemy who were swarming into the landing zone, killing 6 enemy soldiers before he was overpowered. Sp5c. Kedenburg’s inspiring leadership, consummate courage and willing self-sacrifice permitted his small team to inflict heavy casualties on the enemy and escape almost certain annihilation. His actions reflect great credit upon himself and the U.S. Army.
    1969 - An unusual late season snowfall covered parts of South Dakota, Wyoming, Montana, and Nebraska. 10 inches of snow fell at Deerfield, South Dakota and 5 inches was measured at Great Falls, Montana.
    1970 - The Beatles' "The Long and Winding Road" hits #1
    1970 - The Beatles' LP “Let It Be” hits #1
    1971 - The New York Times began publishing the Pentagon Papers, a secret study of America’s involvement in Vietnam.  Officially titled “United States – Vietnam Relations, 1945–1967: A Study Prepared by the Department of Defense,” is a US Department of Defense history of US political-military involvement in Vietnam from 1945 to 1967. The papers were discovered and released by Daniel Ellsberg.  A 1996 article in The Times said that the “…Pentagon Papers had demonstrated, among other things, that the Johnson Administration systematically lied, not only to the public but also to Congress." More specifically, the papers revealed that the U.S. had secretly enlarged the scale of the Vietnam War with the bombings of nearby Cambodia and Laos, coastal raids on North Vietnam, and Marine Corps attacks, none of which were reported in the mainstream media.  For his disclosure of the Pentagon Papers, Ellsberg was initially charged with conspiracy, espionage, and theft of government property, but the charges were later dropped after prosecutors investigating the Watergate Scandal soon discovered that the staff members in the Nixon White House had ordered the so-called White House Plumbers to engage in unlawful efforts to discredit Ellsberg.
    1972 - Top Hits
“The Candy Man” - Sammy Davis, Jr.
“Song Sung Blue” - Neil Diamond
“Nice to Be with You” - Gallery
“The Happiest Girl in the Whole U.S.A.” - Donna Fargo
    1973 - The LA Dodgers infield of 1B Steve Garvey, 2B Davey Lopes, SS Bill Russell and 3B Ron Cey played together for the first time in a 16-3 loss to the Philadelphia Phillies at Veterans Stadium. The infield quartet holds the Major League record for longevity by playing 8 1/2 years together.
    1976 - Don Bolles, investigative reporter for the Arizona Republic, died as a result of injuries received when a bomb exploded in his automobile, June 2, 1976, while he was engaged in journalist investigation of an alleged Mafia story. Bolles was awarded posthumously the University of Arizona’s John Peter Zenger Award, December 9, 1976.
    1980 - Top Hits
“Funkytown” - Lipps, Inc.
“Coming Up” - Paul McCartney & Wings
“Biggest Part of Me” - Ambrosia
“My Heart” - Ronnie Milsap
    1984 - Severe thunderstorms produced large amounts of hail in the Denver, Colorado metro area. Hailstones as large as 4 inches in diameter fell. Homes and other buildings sustained around 200 million dollars in damage. Thousands of cars were battered with total damage to vehicles estimated at 150 million dollars. In some areas, golf ball size hail fell continuously for 30 to 40 minutes. 20 people were injured by the giant hailstones. Torrential rains as much as 4.75 inches in Lakewood clogged drains and caused widespread damage from flooding.
    1988 - Top Hits
“One More Try” - George Michael
“Together Forever” - Rick Astley
“Everything Your Heart Desires” - Daryl Hall John Oates
“I Told You So” - Randy Travis
    1988 - Afternoon thunderstorms produced severe weather in the Southern and Central Plains Region. Forrest, NM was deluged with 5.5 inches of rain in ninety minutes. Temperatures soared into the 90s across much of the eastern half of the nation, including New England. Northern Illinois reported a record twenty straight days of dry weather.
    1989 - Thunderstorms produced severe weather from the Southern Plains Region to the Carolinas during the day and night, and continued to drench parts of Texas and Oklahoma with heavy rain. Oklahoma City reported 13.41 inches of rain for the first thirteen days of the month, and Fort Worth, TX reported 29.56 inches for the year, a total more than 13 inches above normal. Severe drought continued to rage across South Texas.
    1990 - Top Hits
“Please Hammer Don’t Hurt ‘Em” - M.C. Hammer
“I Do Not Want What I Haven’t Got” - Sinead O’Connor
“I’m Breathless” - Donna
“Pretty Woman” - Soundtrack
    1994 - At the age of 34, Cub second baseman Ryne Sandberg suddenly retires, walking away from $16 million (due to personal problems, he said.) While he had been a notoriously slow starter throughout his entire career, his 1994 start was disastrous. Later, he admitted that he had been distracted at the time while going through a messy divorce. He came back for the 1996 and 1997 seasons, retiring permanently at the age of 37 with a career batting average of .285, and a record 277 home runs as a second baseman; this record was surpassed in 2004 by Jeff Kent. Sandberg was elected to Baseball’s Hall of Fame in 2005 and was manager of the Philadelphia Phillies, the team that traded him to the Cubs, 2013-2015.
    2000 - Top Hits
“The Marshall Mathers” - Eminem
“The History Of Rock” - Kid Rock
“Oops!...I Did It Again” - Britney Spears
“Mad Season” - matchbox twenty
    2003 - On his fourth attempt, Roger Clemens becomes the 21st pitcher and the first since 1990 to record 300 career wins as the 40-year-old righty goes 6 2/3 innings in the Yankees' 5-2 inter-league victory over the Cardinals. In the second inning when Edgar Renteria swings through full-count fastball, the 'Rocket' also joins Nolan Ryan (5,714) and Steve Carlton (4,136) as just the third hurler to record 4000 career strikeouts.  Clemens finished his career with a 354-184 record, a 3.12 ERA and 4,672 strikeouts, records clouded by persistent allegations of PED use that have kept him out of the Baseball Hall of Fame.
    2004 - Top Hits
“Confessions” - Usher
“Under My Skin” - Avril Lavigne
“Here For The Party” - Gretchen Wilson
“Musicology” - Prince
    2005 - Pop superstar Michael Jackson is found not guilty on all counts of his child molestation trial in Santa Maria, Calif. Jackson, 46, had been charged with molesting a 13-year-old cancer survivor in 2003, serving him wine and conspiring to hold the boy and his family hostage at his Neverland estate in order to get them to rebut a television documentary.
    2005 - “The Closer” premiered on TV.   This original cable (“TNT”) series features Kyra Sedgwick as Deputy Police Chief Brenda Leigh Johnson, a former Atlanta detective brought to Los Angeles to head a special LAPD homicide unit.  The premiere telecast set a record for an ad-supported cable original series, and Sedgwick won a Golden Globe for her performance for several years. The series ran on TNT from June 13, 2005 to August 13, 2012. Following the finale, “The Closer's” spin-off “Major Crimes premiered.
    2006 - The first wireless bullpen communication system in baseball history is used at Wrigley Field when a cell phone, which was sent to the Hall of Fame, is used for the first time in Major League history to call the bullpen. From the dugout, Cubs pitching coach Larry Rothschild calls the bullpen during the third inning to start warming up reliever Angel Guzman.
    2011 - Stevie Wonder was inducted into the Hall of Fame at New York's Apollo Theater, the same venue where he began his professional career as a 12-year-old in 1962.
    2012 - The Beach Boys' first album of all-new material since 1992, "That's Why God Made the Radio," raced up the Billboard 200 chart to number 3. Their span of Billboard Top Ten LPs stretched to 49 years and one week since they first graced the chart with "Surfin' U.S.A." the week of June 15, 1963.
    2012 - Matt Cain tosses the fifth no-hitter and second perfect game of the season when he retires 27 consecutive batters in the Giants' 10-0 rout of the Astros at AT&T Park. The San Francisco right-hander, with the help of two great defensive plays from outfielders Melky Cabrera and Gregor Blanco, becomes the first pitcher in the 129-year history of the franchise and the 22nd in Major League history to pitch a perfect game.
    2014 – A water-embedded rock layer was found deep inside the earth, a layer that stores three times the water found in all the earth’s oceans.  This suggests that oceans developed from the seepage of this water rather than from striking comets.

NBA Champions:
    1989 - Detroit Pistons
    1997 - Chicago Bulls



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