Monday, June 7, 2021
Today's Leasing News Headlines
Hey, Naomi
Message from Will Smith
Class 8 Truck Orders Backlogged Until 2022
By Vesna Brajkovic, truckinginfo.com
Report Finds Legal Cannabis Sales Have
Raked in $8 Billion in Taxes
Leasing Industry Ads
---Now Hiring
When It's Time to Move On
The Ultimate Hire by Ken Lubin, ZRG Partners
18 New CLFP's Bringing Total to 1022
Two Academies in June, one in August
CLFP's by Company
Members with Two or More
How Hurricane Season Stands to Impact Housing
By Christina Hughes Babb, DSnews.com
Ralph Mango--Coda to Hurricane Story
Growing Up in Jersey Shore
Top Ten Leasing News
June 1 to June 3
Canada is out of recession, but it still has
to recover the economic activity that was lost
IRS sending more than 2.8 million refunds to those
who already paid taxes on 2020 unemployment compensation
English Shepherd
Evansville, Indiana Adopt-a-Dog
Amazing Group Hotel Block Rate Sept. 8 - 10
2021 AACFB Annual Conference, Nashville, TN
News Briefs---
The G-7 Nations Agree To Make Big Tech Companies
Pay Their Fair Share of Taxes
Apple employees bash new policy
cutting work-from-home time
Old National merges with First Midwest Bank
a new entity with $45 billion in combined assets
You May have Missed---
I found the Bay Area dock where Otis Redding
wrote his final song "(Sittin' on) The Dock of the Bay."
Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device
Sports Brief----
California Nuts Brief---
"Gimme that Wine"
This Day in History
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.
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Class 8 Truck Orders Backlogged Until 2022
By Vesna Brajkovic, truckinginfo.com
Active speed intervention, lane assist with automatic braking, and brake hold mode to the Detroit Assurance suite of safety systems
With new Class 8 truck orders from April having essentially filled the backlog for the remainder of 2021 in North America, and with 2022 order books not yet opened, it’s no surprise that order numbers plummeted in May.
The approximately 30% decrease in orders compared with April highlights an ongoing demand strength, explains ACT Research’s
ACT Research’s President and Senior Analyst Kenny Vieth
The approximately 30% decrease in orders compared with April orders highlights an ongoing demand strength rather a weakening, explained ACT Research’s President and Senior Analyst Kenny Vieth in a press release.
North American Class 8 in May was 22,900-23,600 units, down between 30-32% compared with last month, according to ACT and FTR, respectively.
May orders were still up 16,800 units compared with May 2020’s COVID-stricken intake, FTR officials said. Class 8 orders now total 420,000 units for the previous 12 months.
Freight growth continues to be robust and spot rates are hitting all-time highs. Build slots for delivery this year are filling up, and OEMs are not yet booking for 2022.
Most fleets have ordered all the trucks they need for 2021, Don Ake, vice president of commercial vehicles for FTR, said in a press release.
“They are getting frustrated because production is unable to keep up with demand. Carriers need more trucks on the road now, but semiconductor and other component shortages continue to restrict production,” Ake explains.
A tremendous pent-up demand has generated in the market.
“Freight is growing at a brisk pace, but the supply chain bottlenecks slow the flow of new trucks coming off the production line. This, in turn, is keeping the spot market overheated,” Ake said.
The hot spot market has left OEMs uncertain how to price 2022 models as the price of steel, aluminum and rubber have spiked as the economy restarts as the COVID-19 vaccinations continue to be distributed across the U.S.
“It is possible we will see record order volumes when the OEMs open their 2022 order boards,” Ake predicts.
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Report Finds Legal Cannabis Sales Have
Raked in $8 Billion in Taxes
The young but fast-growing state-legal cannabis industry has proven to be quite a lucrative space. While opponents of cannabis reform offered a slew of reasons against legalizing cannabis such as increased drug use and criminal activity, statistics have proven them wrong. Not only has legal adult-use cannabis created more than 200,000 new job opportunities, becoming one of the fastest-growing job markets in the country, but it has also provided states with billions of dollars in tax revenue.
According to a recent report from the Marijuana Policy Project (“MPP”), recreational cannabis has earned states close to $8 billion in tax revenue since adult-use sales began in 2014. To arrive at this figure, MPP studied 18 states with legal recreational cannabis markets, looking closely at their tax structures and revenue streams since they launched recreational cannabis sales. Although seven of these states have yet to launch sales of adult-use cannabis, the MPP concluded that cannabis provides a steady and growing stream of revenue for states that have legalized recreational marijuana.
In 2020 alone, taxes from cannabis sales earned states with legal markets around $2.7 billion, helping to beef up their coffers as other industries struggled to survive amid the coronavirus pandemic and subsequent lockdowns. Some states are home to insanely lucrative cannabis sectors, with states such as California earning more than $1 billion from cannabis sales in 2020.
Illinois, which launched its recreational marijuana market in January 2020, has been consistently breaking monthly sales records and is poised to take in a whopping $1 billion in cannabis tax revenue this year after only two years of legal sales. In fact, Illinois’ legal cannabis sector has proven so profitable that last quarter cannabis earned the state more tax revenue than alcohol for the first time. However, the report from MPP did not include local taxes that may be imposed by municipalities. In Denver, for instance, residents have to pay an extra 5.5% tax, raising hundreds of thousands of dollars for the city.
The funds generated from adult-use cannabis sales have been directed toward various causes, MPP says. Colorado, home to one of the country’s most profitable cannabis markets, has invested $404.5 million in its public school system, while California has earmarked $100 million in cannabis tax revenue for communities that suffered the brunt of the decades-long war on drugs. In Oregon, 40% of marijuana tax dollars goes to public education while 25% is used to fund programs that support mental health treatment.
Different segments of the cannabis industry, such as the segment of cannabis-infused drinks, are growing at different rates as the cannabis industry matures, and that means that the sales are set to grow over the foreseeable future. With that growth comes more taxes.
Source: Cannabisnewswire.com
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Help Wanted Ads
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When It's Time to Move On
The Ultimate Hire by Ken Lubin, ZRG Partners
Know when to cut the cord. It happens in business, sports, you current job, and anything else that involves leadership. Once you start going down the road of hope versus certainty, you must be willing to get out.
I see it with deals that I negotiate and with interpersonal relationships. that people are in. Once they start hoping that that person will come back to them or that deal may close if we do this, it’s too late. You must be proactive versus worrying about it after the fact; it should have been done six months ago.
The most important decisions a leader can make is understanding when to get out. You don't want to be the person who always "buys high, sells low. “You want to be the person who "buys low, sells high." You don't want to be on the downward trajectory. Your career is more important than the job you have now.
Ken
klubin@zrgpartners.com
Ken Lubin
Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin/
"What is the Ultimate Hire? The Ultimate Hire is the professional that every business, team or leader needs in their organization. This is the high performance individual that always rises to the top, brings the team to the next level and can significantly add to the bottom line. The Ultimate Hire is the person that you can't afford to be without. Finding, Attracting, Hiring and Retaining these professionals is critical to the success of your business. We have identified these traits and can help you find these top professionals."
The Ultimate Hire Collection:
http://leasingnews.org/Conscious-Top%20Stories/ultimate.html
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18 New CLFP's Bringing Total to 1022
Two Academies in June, One in August
The Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce that 18 individuals who recently sat through the 8-hour online CLFP exam, have passed. They are:
George Cairncross, CLFP Associate – Account Executive, Lion Technology Finance LLC
Marley Clark, CLFP Associate – Regional Sales Manager, Channel Partners Capital, LLC
Jacquie Cripe, CLFP – Group Lead - FPS, Hitachi Capital America Corp.
Stephen Engel, CLFP Associate – Regional Sales Manager, Channel Partners Capital, LLC
Jacob Fahl, CLFP – VP – Funding & Portfolio Services, Hitachi Capital America Corp.
Brock Hansen, CLFP – Implementation Specialist, LTi Technology Solutions
Robert (David) Hayes, CLFP – Strategic Account Manager, LTi Technology Solutions
Cory Krogen, CLFP – Director of Sales, Channel Partners Capital, LLC
Griffin Lefeber, CLFP – Credit Analyst, KLC Financial, Inc.
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Griffin Lefeber, CLFP – Credit Analyst, KLC Financial, Inc.
Jack London, CLFP – Vice President - Director of Sales, Meridian Equipment Finance
Thomas Lyle, CLFP – Former Head of Global Leasing, Xerox
Donna O’Brien, CLFP – Middle Market Specialist, DLL
Adam Ohme, CLFP – Vice President of Underwriting, Channel Partners Capital, LLC
John Pfister, CLFP – Executive Vice President, Strada Capital Corporation DBA MAZO Capital Solutions
Mitchell Tobak – Assistant Vice President – Corporate Development, North Mill Equipment Finance LLC
Janeen Waddell, CLFP
Colleen Weber, CLFP Associate – Funding Coordinator, Channel Partners Capital, LLC
Evan Worley, CLFP – Credit Manager, North Mill Equipment Finance LLC
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Cairncross attended the Academy for Lease & Finance Professionals sponsored by Oakmont Capital Services in early May and stated, “The CLFP has attracted me since I began my career in leasing. The handbook gave me knowledge about the industry that is not easily come by when you’re new. I wanted to differentiate my knowledge base and my credibility in this amazing profession. I’m proud to be a CLFP. My official designation as CLFP will be granted to me when I reach my 3-year anniversary. Coming up soon!”
The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 1,022 active Certified Lease & Finance Professionals and Associates in the United States, Canada, India, Africa and Australia. For more information, visit http://www.CLFPFoundation.org
Academy for Certified Lease & Finance Professionals
Two Academies in June—One in August
https://leasingnews.org/archives/Jun2021/06_01.htm#clfp
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CLFP's by Company
Members with Two or More
Company |
CLFPs |
First American Equipment Finance |
146 |
Ascentium Capital LLC |
54 |
U.S. Bank Equipment Finance |
54 |
Financial Pacific Leasing, Inc |
30 |
Stearns Bank NA-Equipment Finance Division |
30 |
Key Equipment Finance |
28 |
Amur Equipment Finance |
25 |
DLL |
23 |
Oakmont Capital Holdings |
22 |
AP Equipment Financing |
21 |
Arvest Equipment Finance |
19 |
TCF Equipment Finance |
18 |
KLC Financial, Inc. |
15 |
1st Source Bank |
14 |
ECS Financial Services, Inc. |
14 |
IDS |
12 |
Ivory Consulting Corporation |
12 |
Stryker |
12 |
Odessa |
11 |
Wintrust |
11 |
Canon Financial Services, Inc. |
10 |
Fleet Advantage, LLC |
10 |
Orion First Financial LLC |
10 |
Great American Insurance |
9 |
North Mill Equipment Finance |
9 |
BMO Harris Equipment Finance Company |
8 |
Channel Partners Capital |
8 |
LTi Technology Solutions |
8 |
Navitas Credit Corp. |
8 |
BancorpSouth Equipment Finance |
7 |
Beacon Funding Corporation |
7 |
Celtic Commercial Finance |
7 |
Northland Capital Financial Services, LLC |
7 |
The Huntington National Bank |
7 |
Alliance Funding Group |
6 |
Truist |
6 |
BankFinancial, NA |
5 |
CoreTech Leasing, Inc. |
5 |
First Foundation Bank |
5 |
GreatAmerica Financial Services |
5 |
Hanmi Bank |
5 |
Univest Capital, Inc. |
5 |
Cisco Systems Capital Corporation |
4 |
Commerce Bank |
4 |
ENGS Commercial Finance Co. |
4 |
Global Financial & Leasing Services LLC |
4 |
NCMIC Finance Corporation |
4 |
UniFi Equipment Finance, Inc. |
4 |
Balboa Capital Corporation |
3 |
Bank of the West |
3 |
Commercial Capital Company, LLC |
3 |
Falcon Leasing |
3 |
First National Capital Corporation |
3 |
FIS |
3 |
Lease Corporation of America |
3 |
Northteq, Inc. |
3 |
Providence Capital Funding, Inc. |
3 |
Quality Leasing Co., Inc. |
3 |
Taycor Financial |
3 |
Western Equipment Finance |
3 |
American Equipment Financial Services |
2 |
Bryn Mawr Equipment Finance, Inc |
2 |
BSB Leasing, Inc. |
2 |
CIT |
2 |
Customers Bank Commercial Finance |
2 |
Dakota Financial, LLC |
2 |
Dell Financial Services |
2 |
Diversified Capital Credit Corporation |
2 |
First Utah Bank |
2 |
FirstLease, Inc. |
2 |
FSG Capital, Inc. |
2 |
Hitachi Capital America Corp. |
2 |
Innovation Finance |
2 |
Koala Capital Group, LLC |
2 |
Macquarie Group |
2 |
Madison Capital LLC |
2 |
Maxim Commercial Capital, LLC |
2 |
NetJets |
2 |
NewLane Finance |
2 |
Northpoint Commercial Credit, LLC |
2 |
OnPoint Capital, LLC |
2 |
Pacifica Capital |
2 |
Padco Financial Services, Inc. |
2 |
Patriot Capital Corporation |
2 |
Smarter Equipment Finance, LLC |
2 |
Takeuchi Financial Services |
2 |
Tamarack Technology, Inc. |
2 |
The Alta Group LLC |
2 |
TopMark Funding |
2 |
VFI Corporate Finance |
2 |
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How Hurricane Season Stands to Impact Housing
By Christina Hughes Babb, DSnews.com
Almost 8 million homes with more than $1.9 trillion in reconstruction cost value are at risk of storm surge damage in 2021, according to the 2021 Hurricane Report from property data analytics provider CoreLogic.
The report—focused on single and multifamily residences along the Gulf and Atlantic coasts—takes a closer look at how the hurricane damage to a property affects the owner's ability to pay the mortgage. It also examines the impact of hurricanes on the nation's housing supply, which is already alarmingly short.
For homeowners, the result of a financial catastrophe results in a significant increase in mortgage delinquency rates as people, crippled by expenses and lost wages, fail to make monthly payments, according to the report. After Hurricane Laura made landfall in Lake Charles, for example, the already-elevated delinquency rate went up to 16.1% in September 2020 from 9.8% in August, 2020, , an increase of 6.3 percentage points, according to the report.
Frank Nothaft, Chief Economist at CoreLogic, commented, “To provide a 360-degree view of the impact of climate change, we took a look at the U.S. housing economy after a hurricane strikes and noticed a significant spike in mortgage delinquency rates and loss in housing inventory.
“Communities most affected by natural and financial catastrophe include those with already-high delinquency rates such as in Lake Charles, Louisiana, as reflected in the pre- and post-Hurricane Laura landfall rates.”
Historically, housing inventory is depleted following a categorized storm. After Harvey, for instance, Houston, Texas experienced a 23% decrease in its supply over the next five months. Wilmington, North Carolina lost 26% of its stock in four months following Florence in 2018. Panama City, Florida's inventory dipped 13% in the two months after Hurricane Michael in 2018.
As climate change continues to affect the way storms present, the risk in these hurricane-prone areas will continue to increase, according to the report's authors: Tom Larsen, Dr. Thomas Jeffery, Rhea Turakhia, Denise Moore, Molly Boesel, Elizabeth Greeves, Maiclaire Bolton Smith, and Jose Acosta.
"Based on data from NOAA National Centers for Environmental Information, over the past four decades we've seen a 70-90% increase every decade in total inflation-adjusted losses from weather events in the United States—and this trend isn’t slowing down."
They say the trend toward migrating out of city centers to coastal towns could cause more households to be at-risk.
These areas are typically low-lying, hurricane-prone and especially subject to the climate-related factors at play including, sea-level rise, extreme rainfall events, and possible increases in hurricane intensity, according to the hurricane report.
The resilience of these coastal communities—high income or low—continues to be a focal point of prevention and preparation.
"The only way forward is to understand what really is at risk and educate, prepare and collaborate with everyone who has a stake in the ongoing crisis, including insurance companies, lenders, government agencies, and the families on the front line," they noted.
Full Report (18 pages)
https://leasingnews.org/PDF/hurricane_report2021.pdf
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Ralph Mango--Coda to Hurricane Story
Growing Up in Jersey Shore
Leasing News Associate Editor
Ralph Mango
The hurricane article drew my interest. Growing up at the Jersey Shore, I survived several divesting storms that ripped up roadways, demolished beaches and flattened homes. Flooding in low-lying areas was rampant.
The report identifies the history of certain areas in terms of damage values without noting lives lost.
My thesis is: Once you have suffered a property loss of $x in a hurricane or similar storm, the insurance pays according to the policy which would carry an amendment that after a second such loss and payout, the policy on that property is canceled. If the homeowner chose to remain there, the losses become their responsibility.
Several consequences accrue:
After a property has been devastated twice, it becomes illegal for insurance to cover that property.
- A coalition of government and the insurance industry becomes responsible for the relocation of those who choose not to stay, to help with the economic dislocation. The insurance industry would benefit from tax benefits that can offset insurance payments while they are relieved of insuring properties at risk.
- FEMA and Local communities are relieved of the costs of search, rescue, and recovery, with such costs reduced to those who remained.
- Lives lost will be reduced.
I firmly believe that nature is speaking to us in that certain areas are not meant to be inhabited without the effects of natural disasters. Just thinking out loud!
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Top Ten Leasing News
June 1 to June 3
(1) Kit Menkin on MCA disclosures
Will disclosing rates kill MCA?
News Stories Make www.debanked.com
https://leasingnews.org/archives/Jun2021/06_01.htm#debanked
(2) Please Stay on the Line
Cartoon
https://leasingnews.org/archives/Jun2021/06_03.htm#cartoon
(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jun2021/06_03.htm#hires
(4) Salary Needed to Buy a House
in the Largest Metros
https://leasingnews.org/archives/Jun2021/06_01.htm#salary
(5) Bank Executive Pleads Guilty to Scheme
That Implicates Giants Baseball Team Minority Owner
By Coleman Reports
https://leasingnews.org/archives/Jun2021/06_01.htm#bank
(6) Robert L. Hornby update New York Disclosure Law
Chair, Equipment Leasing and Finance
Chesa Shahinian & Giantomas PC
https://leasingnews.org/archives/Jun2021/06_01.htm#hornby
(7) What is your Number?
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Jun2021/06_03.htm#what
(8) Sales Makes it Happen by Steve Chriest
Anger and the 80% Rule
https://leasingnews.org/archives/Jun2021/06_03.htm#anger
(9) Ransomware Attack Hits Nantucket,
Martha's Vineyard Ferry Service
https://leasingnews.org/archives/Jun2021/06_03.htm#ransom
(10) How the trucker shortage
is fueling the meat crisis
https://nypost.com/2021/05/30/how-the-trucker-shortage-is-fueling-the-meat-crisis
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Alberto Calva | acalva@acusconsulting.com
acalva@acus.ca | Cell & WhatsApp +1-416-824-1924
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##### Press Release ############################
IRS sending more than 2.8 million refunds to those
who already paid taxes on 2020 unemployment compensation
WASHINGTON —The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income.
IRS efforts to correct unemployment compensation overpayments will help most affected taxpayers avoid filing an amended tax return. So far, the IRS has identified 13 million taxpayers that may be eligible for the adjustment. Some will receive refunds, which will be issued periodically, and some will have the overpayment applied to taxes due or other debts. For some there will be no change.
The American Rescue Plan Act of 2021 (ARPA) excluded up to $10,200 in unemployment compensation per taxpayer paid in 2020. The $10,200 is the maximum amount that can be excluded when calculating taxable income; it is not the amount of refunds.
Earlier this month, the IRS began its programming review of tax returns filed prior to the enactment of ARPA to identify the excludible unemployment compensation. The IRS also is making corrections for the Earned Income Tax Credit, Premium Tax Credit and Recovery Rebate Credit affected by the exclusion.
Taxpayers who have qualifying children and who become eligible for EITC after the exclusion is calculated may have to file an amended return to claim any new benefits. The IRS can adjust tax returns for those who are single with no children and who become eligible for EITC. The IRS also can adjust tax returns where EITC was claimed and qualifying children identified.
To date, the IRS has reviewed over 3.1 million returns, with more than 2.8 million receiving refunds.
The IRS plans to issue the next set of refunds in mid-June. The review of returns and processing corrections will continue during the summer as the IRS continues to review the simplest returns and then turns to more complex returns.
Taxpayers will receive letters from the IRS, generally within 30 days of the adjustment, informing them of what kind of adjustment was made (such as refund, payment of IRS debt payment or payment offset for other authorized debts) and the amount of the adjustment.
### Press Release ############################
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English Shepherd
Evansville, Indiana Adopt-a-Dog
Ruby
Female
Age: 11 months
Tri-Color (Brown, Black & White)
House Trained: Yes
Health:
Vaccinations up to date/spayed
Good in a Home with other dogs
Meet Ruby
Ruby is an 11 month old female English Shepherd. She’s a medium-sized dog. Ruby is in a foster home. Her foster says “she loves other dogs, taking walks, and cuddling on the couch.” She’s been introduced to cats and is very interested in them, but hasn’t hurt them. Ruby is a herding breed, so an active household without very young children would be a great match for her. She loves lots of room to run and play! Her foster says Ruby is house-trained and also keeps her crate clean. If you are ready to keep this working breed beauty busy, apply at ITVrescue.org.
All of our animals are examined by a veterinarian, given age-appropriate vaccinations, dewormed, microchipped, spayed or neutered, heartworm tested and treated if necessary.
Please realize that many of our animals are kept in foster homes. Please complete an adoption application at http://itvrescue.org/adoption-application/ in order to meet with one of our animals. There is no obligation in completing the application, but it helps us find an animal that is most appropriate for your family. The ITV Rescue Center is open Tuesdays 12-5; Wednesdays 12-7; Thursdays 12-5; Fridays 12-5 and Saturdays 10-5. The Rescue Center is located at 1417 N. Stockwell Road. You are welcome to come to our rescue center during open hours to see all of our great adoptable animals. Thank you for your interest in our animals!
NOTE: Visual breed identification in dogs is unreliable, so for most of the dogs we are only guessing at predominant breed or breed mix. We get to know each dog as an individual and will do our best to describe each of our dogs based on personality, not by breed label.
It Takes A Village No-Kill Rescue, Inc.
1417 N. Stockwell Road
Evansville, IN 47715
http://www.itvrescue.org
info@itvrescue.org
(812) 909-1306
Hours:
Tuesday 12-5
Wednesday 12-7
Thursday 12-5
Friday 12-5
Saturday 10-5
At a minimum, the adoption fee of our cats includes:
Deworming
Vaccinations
Microchip
Microchip Registration
Adult dog adoption fees are generally $200 for small dogs and $175 for large dogs, which includes all their vetting, but the price can vary by dog.
To help ensure that the animal you want will be best suited to you, your home and lifestyle, and that the animal will be placed in an environment compatible with its needs, we ask for your cooperation in filling out an adoption application. We hope you will agree that the animal’s welfare MUST be our foremost consideration. The adoption application can be found at http://itvrescue.org/adoption-application/
Please fill out this form completely and indicate the animal you are interested in adopting. We will respond within 48 hours.
Application:
https://itvrescue.org/adoption-application
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The 2021 AACFB Annual Conference will take place at the Grand Hyatt in Nashville, TN this September 8-10 and we can't wait!
The Grand Hyatt just opened in late 2020 and it is the epitome of style and luxury in the perfect downtown Nashville location, within walking distance of the Gulch and Midtown.
AACFB has secured an amazing group rate of only $175 per night during the conference. Regular rates during the event are over $300 per night so we encourage everyone to book their hotel rooms early to lock in the AACFB group rate. This rate will not be available once the room block is full!
Book Now:
https://www.youtube.com/watch?v=IMjWoyiKVdg
Click here to watch a video tour of this stunning hotel:
https://www.youtube.com/watch?v=IMjWoyiKVdg
Register Now (also see Select Programs)
https://members.aacfb.org/AACFBMembers/Events/Event_Display.aspx?EventKey=ac21
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This Day in History
1498 - Christopher Columbus left on his third voyage of exploration.
1712 - The Pennsylvania Assembly banned the importation of slaves.
1769 - Daniel Boone arrives in Kentucky, celebrated today as “Boone Day.”
http://memory.loc.gov/ammem/today/jun07.html
(as stated by a relative here, many of the stories about Daniel Boone were invented and are not true; however, he was an American pioneer, nevertheless).
1776 - Richard Henry Lee of Virginia proposed to the Continental Congress the resolution calling for a Declaration of Independence: that "these United Colonies are, and of right ought to be, free and independent States..." Congress delayed the vote on the resolution until July 1.
1777 - The Second Continental Congress voted to replace the phrase “United Colonies” in all legislation with the phrase “United States of America.” The Congress represented only twelve colonies at this date, Georgia not having sent delegates yet.
1816 - At Danville, Vermont, snow and sleet drifted to a depth of 20 inches. The higher elevations remained white the entire day. snow flurries were reported as far south as Boston, Massachusetts. Waltham, Massachusetts reported a low temperature of 33 degrees and New Haven, Connecticut had a low of 35 degrees.
1828 - A party led by Jebediah Smith completed a journey down the Klamath River and were on the verge of starvation when they were visited by Indians who brought food. Smith's party proceeded north to Oregon and most of the party was killed by Umpqua Indians. Smith was killed in 1831 by Comanches on the Cimarron River. Smith’s party was the first white people to see Lake Earl, the biggest lagoon on the West Coast.
1860 - As more Americans learned to read, the first mass-market paperback book was a fiction entitled: “Malaeska: Indian Wife of the White Hunter,” by Mrs. Ann S. Stephens. It was the trend then to hire writers, as was done for the Nancy Drew series, gives them an outline and flat fee, no royalties. Mrs. Stephens had never left New York City, had never met an Indian. It was published by Irwin P. Beadle and Company, New York, and first advertised this day in the New York Tribune as “Beadle's Dime Novels No. 1.”
1862 - Union General Benjamin Franklin Butler was hated in New Orleans and it perhaps started with this incident, which saw the first person hanged for treason, William Bruce Mumford, a retired gamble. During the Civil War, Captain Theodorus Bailey was sent by Admiral David Glasgow Farragut to New Orleans, LA, where he hoisted the American flag over the mint on April 28, 1862. After the troops left, Mumford tore down the flag. On May 1, General Butler arrived in New Orleans with 2,000 troops and took possession of the St. Charles Hotel. A Crowd gather in front of it, among them Mumford, who boasted of his exploit in humbling the “old rag of the United States.” Mumford was arrested, tried under the direction of the provost marshal of the district of New Orleans, convicted, and hanged on June 7, 1862.
1864 – “BURGLAR ARRESTED” was written by Mark Twain for The San Francisco Daily Morning Call. John Richardson, whose taste for a cigar must be inordinate, gratified it on Saturday night last by forcing his way into a tobacconist on Broadway, near Kearny Street, and helping himself to fourteen hundred "smokes." In his hurry, however, he did not select the best, as the stolen tobacco was only valued at fifty dollars. He was congratulating himself last evening in a saloon on Dupont Street, in having secured weeds for himself and all his friends, when lo! a Rose bloomed before his eyes, and he wilted. The scent of that flower of detectives was too strong even for the aroma of the stolen cigars. Richardson was conveyed to the station-house, where a kit of neat burglar's tools was found on his person. He is now reposing his limbs on an asphaltum floor - a bed hard as the ways of unrighteousness.
1887 - Revolutionizing printing, Tolbert Lanston of Washington, DC, received five patents for a monotype machine. The machine cast new type, letter by letter, from matrices that were used over and over again.
http://www.agfamonotype.co.uk/DynamicPage/View.cfm?PageName=tl_1844_94
1892 - African-American GJ Sampson received patent for clothes dryer.
http://inventors.about.com/library/inventors/blwashingmachines.htm
1892 - Wyoming, which recognized women's rights early, perhaps to attract more women to the state, also became the first state with women at a national political convention. Therese A. Jenkins of Cheyenne, WY, and Cora G. Carleton of Hilliard, WY, were sent as alternate delegates to the 10th Republican Party convention at Minneapolis, MN, on June 7-10, 1892.
1892 - Homer A. Plessy refuses to move to segregated railroad coach in New Orleans, initiating Plessy v Ferguson, adjudicated by the Supreme Court.
http://www.watson.org/~lisa/blackhistory/post-civilwar/plessy.html
1897 - Birthday of George Szell (d. 1970), Hungarian-born American conductor.
1902 - Birthday of trombonist Ed Cuffee (d. 1959), Norfolk, VA.
1906 - Birthday of bandleader Glen Gray, born Glen Gray Knoblauch (d. 1963), Roanoke, IL.
http://www.lib.neu.edu/archives/collect/findaids/m31find.htm
1909 - Birthday of Virginia Apgar (d. 1974), Westfield, NJ. Dr. Apgar developed the simple assessment method that permits doctors and nurses to evaluate newborns while they are still in the delivery room to identify those in need of immediate medical care. The Apgar score was first published in 1953 and the Prenatal Section of the American Academy of Pediatrics is named for Dr. Apgar.
1909 - Birthday of Jessica Tandy (d. 1994), British-born U.S. actor. She won the Kennedy Center Honors Award in 1986; won an Academy Award for the lead in “Driving Miss Daisy” (1989). She won her second Tony award for “The Gin Game” (1978). Most remember her in her old age and are amazed that her first Tony award was for her creation of Blanche DuBois in Tennessee Williams' “A Streetcar Named Desire” (1947) - opposite Marlon Brando, Kim Hunter, and Karl Malden.
1915 - William Jennings Bryan resigned as secretary of state in a disagreement with President Woodrow Wilson over the wording of a second note to Germany. Robert Lansing was named acting secretary of state.
1917 - Birthday of Gwendolyn Brooks (d. 2000), Topeka, KS. Brooks' mother had taught at the Topeka school that later became involved in the famous Brown v. Board of Education racial desegregation case. Family lore held that Brooks' paternal grandfather had escaped slavery to join the Union forces during the Civil War. A poet, her work often dealt with the personal celebrations and struggles of ordinary people in her community. She won the Pulitzer Prize for Poetry in 1950 for “Annie Allen,” making her the first African American to receive the Pulitzer. Throughout her prolific writing career, Brooks received many more honors. She was appointed Poet Laureate of Illinois in 1968, a position she held until her death, and what is now the Poet Laureate Consultant in Poetry to the Library of Congress for the 1985–86 term. In 1976, she became the first African-American woman inducted into the American Academy of Arts and Letters.
http://www.math.buffalo.edu/~sww/brooks/brooks.html
1917 - Birthday of singer/straight man and movie/tv star Dean Martin, born Dino Paul Crocetti (d. 1995), Steubenville, OH. One of the most popular and enduring American entertainers of the mid-20th century, Martin was nicknamed "The King of Cool" for his seemingly effortless charisma and self-assurance. He and Jerry Lewis formed the immensely popular comedy duo Martin and Lewis, with Martin serving as the straight man to Lewis' slapstick hijinks. From 1946-56, they were arguably the hottest act in show business before going their separate ways. A member of the “Rat Pack,” Martin went on to become a star of concert stages, nightclubs, audio recordings, motion pictures and television. Martin was the host of the variety programs, “The Dean Martin Show” and “The Dean Martin Celebrity Roasts.” His relaxed, warbling, crooning voice earned him dozens of hit singles, including his signature songs “Memories Are Made of This,” “That’s Amore,” “Everybody Loves Somebody,” “You’re Nobody Till Somebody Loves You,” ”Sway,” “Ain’t That a Kick in the Head?,” and “Volare.”
1921 - Guitarist Tal Farlow (d. 1998) birthday, Greensboro, NC.
http://www.jazzguitar.com/features/talbook.html nStreet/5563/
http://www.myjazzhome.com/tal_2.htm
http://elvispelvis.com/talfarlow.htm
1930 - The New York Times agreed to capitalize the word from n- to Negro.
1930 - Gallant Fox, with jockey Earle Sande, became the second horse to win the Triple Crown. Trained by Sunny Jim Fitzsimmons, Gallant Fox won the Belmont Stakes by three lengths over Wichone in 2:31.3
1932 - Over 7,000 war veterans march on Washington, D.C. demanding their bonuses for service in World War I.
1934 - Country honky-tonk and ballad singer Wynn Stewart (d. 1985) was born in Morrisville, Missouri. He is best known for his 1967 country chart-topper, "It's Such a Pretty World Today."
1940 - Singer Tom Jones was born Thomas John Woodward in Pontypridd, Wales. After building a reputation in London clubs, Jones was offered a recording contract in 1964. His first records weren't successful, but in 1965 he achieved international success with "it’s Not Unusual," a song written by his manager, Gordon Mills. Jones next reached the top of the charts with the title song from the Peter O'Toole movie "What's New Pussycat?" He followed this with a series of country-flavored pop hits, among them "Green, Green Grass of Home," "Delilah" and "Love Me Tonight." Tom Jones became one of the biggest selling acts in Las Vegas and had his own US network TV show for a few seasons.
He returned with much gusto in 1994 with a new image, a new label and a new record. Titled 'The Lead and How to Swing It,' the ZTT (Trevor Horn's label) released disc featured the hit single 'If I Only Knew' and a duet with Tori Amos called 'I Want You Back.' Tom also covered the early 80s Yaz tune 'Situation.'
1941 - Whirlaway won the Belmont Stakes by 2 ½ lengths over Robert Morris to become the fifth horse to win the Triple Crown. Trained by Ben Jones for Calumet Farms and ridden by Eddie Arcaro, Whirlaway finished the Belmont in 2:31.
1942 - It is not very well remembered but it was very important to the building fear of the times when the Japanese occupied the undefended island of Attu and the island of Kiska in the Western Aleutians, which was American territory. The capture was announced by the Navy on June 13. The islands were retaken by American Forces in May, 1943 and is the only battle fought on U.S. soil during World War II.
1942 - The Battle of Midway, one of the most decisive U.S. victories in its war against Japan, comes to an end. In the four-day sea and air battle, the outnumbered U.S. Pacific Fleet succeeded in destroying four Japanese aircraft carriers with the loss of only one of its own, the Yorktown, thus reversing the tide against the previously invincible Japanese navy. In six months of offensives, the Japanese had triumphed in lands throughout the Pacific, including Malaysia, Singapore, the Dutch East Indies, the Philippines, and numerous island groups. The United States, however, was a growing threat and Japanese Admiral Isoruku Yamamoto sought to destroy the U.S. Pacific Fleet before it was large enough to outmatch his own. A thousand miles northwest of Honolulu, the strategic island of Midway became the focus of his scheme to smash U.S. resistance to Japan's imperial designs. Yamamoto's plan consisted of a feint toward Alaska followed by an invasion of Midway by a Japanese strike force. When the U.S. Pacific Fleet arrived at Midway to respond to the invasion, it would be destroyed by the superior Japanese fleet waiting unseen to the west. If successful, the plan would eliminate the U.S. Pacific Fleet and provide a forward outpost from which the Japanese could eliminate any future American threat in the Central Pacific. Unfortunately for the Japanese, U.S. intelligence broke the Japanese naval code and the Americans anticipated the surprise attack. Three heavy aircraft carriers of the U.S. Pacific Fleet were mustered to challenge the four heavy Japanese carriers steaming toward Midway. At the Battle of Midway, Japan lost four carriers, a cruiser, 292 aircraft, and suffered 2,500 casualties. The U.S. lost the Yorktown, the destroyer USS Hammann, 145 aircraft, and suffered 307 casualties. Japan's losses in the hobbled its naval might, bringing Japanese and American sea power to approximate parity, and marked the turning point in the Pacific theater of World War II. In August 1942, the great U.S. counteroffensive began at Guadalcanal and did not cease until Japan's surrender three years later.
1943 - The worst of the L.A. Zoot Suit Riot violence occurs as soldiers, sailors, and marines from as far away as San Diego travel to Los Angeles to join in the fighting. Taxi drivers offer free rides to servicemen and civilians to the riot areas. Approximately 5,000 civilians and military men gather downtown. The riot spreads into the predominantly African American section of Watts.
1944 - Birthday of guitarist Clarence White (d. 1973) of the Byrds was born in Lewiston, Maine. After appearing as a session musician on recordings by such artists as Rick Nelson, the Everly Brothers and the Byrds, he became a permanent member of the Byrds in 1968. White remained with them until the group broke up in 1973. In July of that year, White was killed by a drunken driver in Lancaster, California, while he was loading equipment on to a van following a concert.
1950 - Top Hits
“My Foolish Heart” - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
“Bewitched” - The Bill Snyder Orchestra
“The Third Man Theme” - The Guy Lombardo Orchestra
“Birmingham Bounce” - Red Foley
1951 - HANSON, JACK G., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company F, 31st Infantry Regiment. Place and date: Near Pachi-dong, Korea, 7 June 1951. Entered service at: Galveston, Tex. Born: 18 September 1930, Escaptawpa, Miss. G.O. No.: 15, 1 February 1952. Citation: Pfc. Hanson, a machine gunner with the 1st Platoon, Company F, distinguished himself by conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against an armed enemy of the United Nations. The company, in defensive positions on two strategic hills separated by a wide saddle, was ruthlessly attacked at approximately 0300 hours, the brunt of which centered on the approach to the divide within range of Pfc. Hanson's machine gun. In the initial phase of the action, 4 riflemen were wounded and evacuated and the numerically superior enemy, advancing under cover of darkness, infiltrated and posed an imminent threat to the security of the command post and weapons platoon. Upon orders to move to key terrain above and to the right of Pfc. Hanson's position, he voluntarily remained to provide protective fire for the withdrawal. Subsequent to the retiring elements fighting a rearguard action to the new location, it was learned that Pfc. Hanson's assistant gunner and 3 riflemen had been wounded and had crawled to safety, and that he was maintaining a lone-man defense. After the 1st Platoon reorganized, counterattacked, and re-secured its original positions at approximately 0530 hours, Pfc. Hanson's body was found lying in front of his emplacement, his machine gun ammunition expended, his empty pistol in his right hand, and a machete with blood on the blade in his left hand, and approximately 22 enemy dead lay in the wake of his action. Pfc. Hanson's consummate valor, inspirational conduct, and willing self-sacrifice enabled the company to contain the enemy and regain the commanding ground, and reflect lasting glory on himself and the noble traditions of the military service.
1953 - Kukla, Fran (Allison) and Ollie, along with the Boston Pops Orchestra under the direction of Arthur Fiedler, were featured on the first network telecast in ‘compatible color.’ The program was broadcast from Boston, MA.
1953 - At age 90, Mary Church Terrell led the struggle to end segregation in Washington DC restaurants, culminating at the Supreme Court. On June 8, 1953, the court ruled that segregated eating places in Washington, D.C., were unconstitutional.
http://www.cr.nps.gov/nr/travel/civilrights/dc2.htm
http://memory.loc.gov/ammem/aap/terrell.html
http://www.tnstate.edu/library/digital/terrell.htm
1954 - Dodger catcher Roy Campanella steals home in the 12th in a 7-5 victory over the Cardinals.
1954 - With Big Joe Turner's "Shake, Rattle and Roll" riding high on the Billboard R&B chart, Bill Haley and His Comets enter Decca Records' New York studio to record the same number. Haley's version will enter the Pop chart next August for an amazing 27-week run and rise to #7, becoming the first Rock and Roll tune to sell a million copies.
1955 - First President to appear on color TV (Dwight Eisenhower)
1958 - Prince is born Prince Roger Nelson (d. 2018) in Minneapolis. His biggest hit is "When Doves Cry," which tops Billboard's Hot 100 for five weeks and sells more than 2 million copies. On his 35th birthday in 1993 he changed his name to a symbol.
1958 - Top Hits
“The Purple People Eater” - Sheb Wooley
“Secretly” - Jimmie Rodgers
“Do You Want to Dance” - Bobby Freeman
“All I Have to Do is Dream” - The Everly Brothers
1963 - The Rolling Stones' first record, “Come On,” was released.
http://personal.redestb.es/jmunoz/stones/comeon.html
1965 - The executive committee of the American Football League met in New Jersey and voted to expand the league to nine teams from eight. Two months later, the league awarded the expansion franchise to Miami for $7.5 million. The ownership group headed by Joe Robbie and entertainer Danny Thomas named its team the Dolphins.
1966 - Top Hits
“When a Man Loves a Woman” - Percy Sledge
“A Groovy Kind of Love” - The Mindbenders
“Paint It, Black” - The Rolling Stones
“Distant Drums” - Jim Reeves
1967 - Dr. David E Smith opened the Haight Ashbury Free Clinic, the first free clinic in the U.S. without a religious affiliation. His goal was to provide free medical care for everyone under the motto "Health care is a right, not a privilege." The clinic operated in the Haight-Ashbury District through 2007, then moved most of its operations to the Mission District of San Francisco and continues to provide medical care to those who would otherwise lack access to it. The clinics merged in 2011 with Walden House, an addiction treatment organization; in 2012 they adopted a new name: HealthRIGHT 360. Forty years later, his book: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/05/20/MNSOLSMITH20.DTL
1968 - The Grateful Dead and The Airplane at the Carousel Ballroom in San Francisco.
1969 - The rock group Blind Faith made its British debut at a free concert at London's Hyde Park. Over 100,000 fans attended what was called “the most remarkable gathering of young people ever seen in England.” The group was composed of Eric Clapton, Ginger Baker, Stevie Winwood and Rick Grech.
1969 – “The Johnny Cash Show” premiered on television, CBS.
http://www.johnnycash.com/
1974 - Top Hits
“The Streak” - Ray Stevens
“Band on the Run” - Paul McCartney & Wings
“You Make Me Feel Brand New” - The Stylistics
“Pure Love” - Ronnie Milsap
1975 – “Thank God I'm a Country Boy,” by John Denver hits #1.
1971 - Carole King's album "Tapestry" goes gold. The album retains on the charts for three years and produces her biggest single, "It's Too Late." It is the 81st best-selling album of all time, with over 14 million sales certified worldwide, reaching Diamond status in 1995. It received four Grammy Awards in 1972, including Album of the Year. The lead singles from the album— “It’s Too Late" and “I Feel the Earth Move"—spent five weeks at number one on both the Billboard Hot 100 and Easy Listening charts. In 2000, it was voted number 74 in Colin Larkin’s All Time Top 1000 Albums. In 2020, “Tapestry” was ranked number 25 on Rolling Stone’s list of the 500 greatest albums of all time.
1971 - Elton John's album, "Captain Fantastic and the Brown Dirt Cowboy" enters the U.S. chart at #1 where it stayed there for seven weeks.
1972 - The musical “Grease” opened on Broadway. It had been playing off-Broadway for about 4 months. By the time it closed on April 13, 1980, it had run 3,388 performances.
http://www.geocities.com/TelevisionCity/Studio/8849/Moviemusicals/
Rydell/Grease.htm#stag
1974 - "The Entertainer," the original music from the motion picture "The Sting," earned a gold record for pianist and conductor, Marvin Hamlisch
1975 - Sony Corporation released its videocassette recorder, the Betamax, which sold for $995. RCA and others introduced the VHS format, selling originally for $1,295. The Betamax was cheaper and supposedly a better system, but Sony would not release the patent and more manufacturers produced VHS, making it cheaper and cheaper. Perhaps what happened to Apple not releasing its software to programmers and Microsoft giving it to software developers for free, happened as Sony stopped making Betamax. If you remember, people were saying the video tape would put the movie industry out of business---just as they are saying today the internet will put the retailers out of business. In reality, both were enhanced and the consumers became the winners. VHS was eventually replaced by DVD which fell to online video and streaming services.
1976 - "The NBC Nightly News," with John Chancellor and David Brinkley, aired for the first time. The partnership lasted until Brinkley moved to ABC News. Chancellor then held the solo anchor spot until retiring.
1980 - Rocky Burnette's "Tired of Toeing the Line" peaks at number 8 on the Billboard Hot 100. Rocky bills himself as “The Son of Rock and Roll” as his father, Johnny Burnette, had scored a 1960 number one hit with "You're Sixteen." The feat of father and child both scoring a Top Ten hit has also been accomplished by Ozzie and Rick Nelson, Frank and Nancy Sinatra, Nat and Natalie Cole, and Pat and Debbie Boone.
1982 - Top Hits
“Ebony and Ivory” - Paul McCartney with Stevie Wonder
“Don't Talk to Strangers” - Rick Springfield
“I've Never Been to Me” - Charlene
“Finally” - T.G. Sheppard
1982 - Dodger first baseman Steve Garvey becomes only the fifth player in Major League history to play in 1,000 consecutive games.
1984 - 42 tornadoes touched down in the upper Midwest with 21 of them occurring in Iowa. An F4 tornado tracked 30 miles through Mahaska and Keokuk counties in Iowa, killing 2 people and injuring 51. The small town of Wright was practically wiped out. Barneveld, Wisconsin was devastated shortly before midnight as a F5 tornado chewed up the town. 90 percent of the town was damaged or destroyed, 9 people were killed, and 197 were injured.
1990 - Top Hits
“Vogue” - Madonna
“All I Wanna Do is Make Love to You” - Heart
“Hold On” - Wilson Phillips
“I've Cried My Last Tear for You” - Ricky Van Shelton
1993 - The Who's Pete Townshend and Chuck Berry are among those present for the ground breaking ceremony for the Rock and Roll Hall of Fame in Cleveland, seven years after the city won the right to host the building. Guests stood on a guitar shaped stage at the construction site on the shore of Lake Erie.
2006 - US forces in Iraq killed terrorist Abu Musab al-Zarqawi. A Jordanian jihadist who ran a paramilitary training camp in Afghanistan, he became known after going to Iraq and master-minding a series of bombings, beheadings, and attacks during the Iraq War, reportedly "turning an insurgency against US troops" in Iraq "into a Shia-Sunni civil war.” In late 2004, he joined al-Qaeda and pledged allegiance to bin Laden. He dispatched numerous suicide bombers throughout Iraq to attack American soldiers and areas with large concentrations of Shia militias. He is also thought to be responsible for the 2005 bombing of three hotels in Amman, Jordan. Zarqawi was killed in a targeted killing by a joint U.S. force while attending a meeting in an isolated safehouse.
2013 – According to a new study, breast milk boosts brain development by 30% compared to babies who are fed formula.
2020 - COVID-19 global death toll passes 400,000 with confirmed cases at 6,973,195 according to Johns Hopkins figures.
NBA Champions:
1978 - Washington Bullets
Stanley Cup Champions:
1997 - Detroit Red Wings
2018 – Washington Capitals
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