Wednesday, June 9, 2021
Today's Leasing News Headlines
Balboa Capital Announces $50 Million
Corporate Note Financing
Workers Want to Stay Put in Home Office – Chart
Plus the Perks of Working from Home
Leasing Industry Ads
Positions Open
News from Wheeler Business Consulting
Growing Economy for Banking, Financing, and Leasing
By Scott Wheeler, CLFP
Chart: Global Corporation Tax Levels In Perspective
Corporate Income Tax Rate in 2021
US Has Recovered Ransomware Payment
Made After Pipeline Hack
Why the Time Might be Right for Equipment Financing
By Marcia Koch, Valley Bank, Wayne, New Jersey
NEFA Baltimore Crab Feast Returns as One
of the First In-person Gatherings of Industry Professionals
Basset Mix
Larchmont, New York Adopt-a-Dog
Financial and Sales Training
Updated
News Briefs---
World economy to grow 5.6 percent,
the highest level since 1973
U.S. Employers Report Strongest Hiring Outlook Since 2000
22 percentage points year-over-year
Senate passes massive bipartisan bill
to combat China's growing economic influence
U.S. Employers Report Strongest Hiring Outlook Since 2000
22 percentage points year-over-year
Canada prepares to ease quarantine rules
for vaccinated travelers - Bloomberg
You May have Missed---
'Lockdown' states like California did better economically
than 'looser' states like Florida, new COVID data shows
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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### Press Release ############################
Balboa Capital Announces $50 Million
Corporate Note Financing
Leading direct lender will use proceeds to refinance a portion of
corporate debt, and for general working capital purposes.
COSTA MESA, CALIFORNIA, - Balboa Capital, a leading direct lender that offers equipment financing, small business loans and franchise financing, today announced the closing of a $50 million corporate note financing provided by a consortium of prominent, U.S.-based institutional investors. The transaction was assigned a BBB+ rating by a nationally recognized statistical ratings organization. Balboa Capital intends to use the proceeds from the issuance to refinance a portion of corporate debt, and for general working capital purposes.
Heather (Smith) Parker, CPA, Chief Financial Officer at Balboa Capital, said, “This transaction demonstrates the strength of our business and our investors’ support for our strategy and growth potential in 2021 and beyond.
“We are well-positioned as one of the largest independent financing companies in the United States and will continue to play a meaningful role in the nation’s economic recovery by helping small businesses access growth capital.”
Balboa Capital’s $50 million corporate note financing comes eight months after the company completed its seventh equipment asset-backed securitization (ABS), a $201 million issuance.
“This is another step toward our key business objectives, which are to increase our financial flexibility, continue our growth, and maintain sufficient capital during any economic condition,” said Ms. Parker.
Brean Capital, LLC, New York, New York, served as the Balboa Capital’s Exclusive Advisor and Placement Agent in connection with this transaction. For more information about Brean Capital, LCC, visit https://www.breancapital.com/.
About Balboa Capital
Balboa Capital is a technology-driven financing company that provides business owners with fast, hassle-free solutions to fuel their growth and success. The company specializes in small business loans, equipment financing, commercial financing, equipment vendor financing, and franchise financing. Balboa Capital developed an intuitive online platform that simplifies the entire financing process. Calculators provide instant estimates, applications can be completed and submitted in a matter of minutes, and sophisticated credit scoring technology provides instant decisions. To learn more, visit https://www.balboacapital.com.
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The survey also found that only 24 percent of pandemic remote workers have a designated home office; 34 percent had created a designated workspace.
The wish to relocate to a different area, a move that roughly a third said they would make, while another third entertained the idea, could lead to more working space for some. 47 percent wanted to relocate for cheaper living, only trumped by the search for a better quality of life (58 percent).
Statista
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Help Wanted Ads
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News from Wheeler Business Consulting
Growing Economy for Banking, Financing, and Leasing
By Scott Wheeler, CLFP
The commercial equipment leasing and finance industry is robust. Competition is fierce. The demand for equipment and the access to capital is strong - perhaps the strongest in decades. However, the industry is in dire need of:
- New talent (well-rounded, comprehensive professionals)
- More professionals who understand all aspects of the business
- More professionals who understand the details of running a commercial equipment finance and leasing operation
- More professionals who have a global understanding of products beyond what their company offers. They need to fully understand their position within the industry to become leaders in the industry.
The industry has attracted many new professionals over the past few years. Many are dedicated, smart, and performing exceptionally well in their current positions. However, they are usually being trained in a one-dimensional manner. Companies need individuals to fill a gap quickly. Companies do not have the luxury of time. They want individuals to start performing a job function within a matter of days or perhaps a few weeks. Often times, comprehensive training is postponed or delayed indefinitely.
New entries are given job-specific training and expected to learn the rest on their own, over time. It never quite happens and now the industry is facing a leadership void for the future. Companies throughout the industry are realizing that opportunities are rapidly increasing and that investments will need to be made in their human capital in order to capture their fair share of future business.
Below are a few actions being taken by forward-thinking leadership teams:
- Creating career enhancement programs. These programs are comprehensive, continuous training opportunities for all staff members - at every level.
- Cross-training opportunities for every staff member. Sales professionals are encouraged to learn credit processes and perform credit functions for a period of time, or credit professionals are taken to trade shows to interact with customers.
- Industry participation. Association meetings are highly beneficial for up-and-coming leaders. I had only been in the industry for less than two years when my manager invited me to attend a national conference. I returned with a greater appreciation for the industry, my competition, and the products that my company offered.
- Encouraging all their staff to obtain their CLFP designation.
- Investing in their staff: asking management teams every month, "What are we doing to improve the skills of our staff?" A company's human capital is its most valuable asset. Investment in qualified professionals will deliver the greatest bottom-line returns for the company. The best performing participants in the industry, no matter their size, are always investing in their people.
The mission of Wheeler Business Consulting is to develop strong leaders for the Commercial Equipment Leasing/Finance industry. The industry offers endless opportunities for professionals who have a comprehensive understanding of all aspects of the commercial equipment finance and leasing industry. Wheeler Business Consulting works with management teams to create training programs tailored to their company's specific needs. Wheeler Business Consulting offers in-person training programs and remote multi-week programs for industry veterans and new professionals. Participants in the training programs include managers, sales, and operations professionals. Most clients engage Wheeler Business Consulting on an on-going basis with multiple programs.
Wheeler Business Consulting works with banks, independents, captives, origination companies, and investors in the equipment leasing and finance arena. We provide training, strategic planning, and acquisition services. Scott Wheeler is available to discuss your long-term strategy, to assist your staff to maximize outcomes, and to better position your organization in the market.
Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com
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G7 finance ministers reached a historic deal on corporation tax which will see all seven countries endorsing a minimum rate of 15 percent. The agreement comes after yet another case of a company paying zero tax that raised serious questions. That involved an Irish subsidiary of Microsoft, called Microsoft Round Island One, making a whopping $315 billion profit last year but paying no tax on it as it was resident in Bermuda for tax purposes. That sum is equal to nearly three quarters of Irish GDP and it comes from a company that does not have employees.
Ireland still has its infamously low 12.5 percent corporate tax rate which has led Google, Facebook and other tech giants to establish their European headquarters in Dublin.
Such cases added urgency to the G7 negotiations and the deal is expected to see companies pay a minimum 15 percent rate regardless of where their headquarters is located. It will also aim to close loopholes and force some of the largest multinationals and tech giants such as Amazon and Microsoft, to pay taxes where they sell their goods and services, regardless of whether they are physically present in certain countries. The OECD estimates that the proposals could generate up to $80 billion in additional tax revenue a year, though the final figure will depend on the finer points of the agreement.
By Niall McCarthy, Statista
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US Has Recovered Ransomware Payment
Made After Pipeline Hack
The Justice Department has recovered the majority of a multimillion-dollar ransomware payment to hackers after a cyberattack that caused the operator of the nation’s largest fuel pipeline to halt its operations last month, officials said Monday.
The operation to recover the cryptocurrency from the Russia-based hacker group is believed to be the first of its kind, and reflects what U.S. officials say is an increasingly aggressive approach to deal with a ransomware threat that in the last month has targeted critical industries around the world.
“By going after an entire ecosystem that fuels ransomware and digital currency, we will continue to use all of our tools and all of our resources to increase the costs and the consequences of ransomware attacks and other cyber-enabled attacks,” Deputy Attorney General Lisa Monaco said at a news conference announcing the operation.
Georgia-based Colonial Pipeline, which supplies roughly half the fuel consumed on the East Coast, temporarily shut down its operations on May 7 after a gang of criminal hackers known as DarkSide broke into its computer system.
Colonial officials have said they took their pipeline system offline before the attack could spread to its operating system, and decided to pay a roughly $4.4 million ransom in an effort to bring itself back online as soon as it could.
The FBI generally discourages the payment of ransom, fearing it could encourage additional hacks.
Source; Secruityweek.com
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Why the Time Might be Right for Equipment Financing
By Marcia Koch, Valley Bank, Wayne, New Jersey
(photo - Valley Bank)
The COVID-19 pandemic created a dilemma for many businesses: They may want to postpone equipment purchases to reduce expenditures and reserve cash but, at the same time, many need to upgrade to new equipment and technologies to stay efficient, productive and competitive. Equipment financing may make it possible to get the best of both worlds and avoid large, upfront expenditures while providing your business with the equipment necessary to keep your operation running smoothly.
According to the Equipment Leasing and Financing Association, “78% of U.S. businesses across all industries rely on financing equipment purchases through loans, leases and lines of credit.”
Equipment financing can cover a wide range of business equipment, including manufacturing and assembly machinery, transportation equipment, construction equipment, medical equipment and information technology purchases such as software, servers and more. For smaller-ticket items such as office equipment, we can offer leasing through our affiliate Highland Capital with a simple and rapid turnaround.
Now, when liquidity and access to capital may be limited and/or time consuming, financing equipment may be a preferred path for flexible terms and quick execution. Here are five of the key benefits:
- Stay ahead of the competition: The pandemic acted as a catalyst for innovation and advancements in technology, and many businesses had to accelerate their digital transformation efforts to stay in business. Organizations that don’t stay up to date with the latest innovations in their industries can lose their competitive edge and risk being left behind. With equipment financing, you can invest in your future without burning through the cash you need today.
- Be more resilient: Old, outdated, slow or malfunctioning equipment can drastically reduce your efficiencies, productivity and, ultimately, revenue. By financing the equipment you need quickly, your organization will be set up for success and better able to adapt to changing market conditions.
- Reduce your upfront investment: The recent crisis took everyone by surprise. Even if you budgeted for equipment leases or purchases, an unexpected decline in revenue or growth may make those expenditures seem unattainable. With an equipment loan, you can avoid upfront, lump sum payments and instead pay small monthly payments while benefiting from the latest machinery and materials.
- The asset you are purchasing acts as collateral: Equipment financing is handled separately from you working capital and real estate credit facilities. The equipment you are obtaining acts as its own collateral, making it easier for businesses of all sizes to procure a loan.
- Refinancing your existing equipment assets can reduce debt service and simplify your payment structure: We can evaluate your current equipment debt rates and structure as well as current asset values and design a simplified bulk refinance that can save on monthly debt service obligations. In addition, this can streamline administration of many different notes with different payment dates to different creditors throughout the month into one monthly payment, allowing you to more easily manage your cash flow. You may not be aware that if you have taken advantage of certain dealer/vendor financing, the debt may be showing up on your personal credit report. A group refi can clear that up.
Bottom line: If your business needs to keep expenditures low but still wants to stay on the cutting edge, equipment financing might be the answer. Contact Valley to learn more about flexible terms, fast-turnaround and options available through Valley Commercial Banking and Highland Capital Corp.
Valley Bank in New Jersey is here to help. We can provide your company with the financial services and advice you need to ensure that your business recovers today and thrives tomorrow. To learn more, contact Marcia Koch at 908-561-7122, ext. 5254, or by email at mkoch@valley.com.
Source: roi-nj.com
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##### Press Release ############################
NEFA Baltimore Crab Feast Returns as One
of the First In-person Gatherings of Industry Professionals
Chad Sluss, NEFA Executive Director & CEO
giving welcome remarks to the 50 attendees at Crab Feast
Baltimore, MD, The annual NEFA Baltimore Crab Feast returned, as one of the first in-person gatherings of industry professionals.
Board Member, Scott A. Wheeler, CLFP, Wheeler Business Consulting, LLC, said: “It was refreshing to be back to normal- shaking hands and engaging with old friends and new NEFA members.
“When the association first started planning the event back in February, there were still many uncertainties. Baltimore restaurants were under restrictive measures, most regular participants in the event had yet to be vaccinated, and business travel for many companies was restricted. However, the stars began to align and over 50 professionals came together for an evening of networking, crabs, beer, and wine.”
Nancy Pistorio, CLFP President of Madison Capital, LLC, made remarks as her role as the Vice Chair of the Equipment Leasing & Finance Foundation and spoke about their Day of Giving. Additionally, Nancy has worked annually together with Scott Wheeler, CLFP, CEO of Wheeler Business Consulting, LLC to help drive interest and attendance for NEFA’s Annual crab Feast.
This annual industry tradition has been ongoing for several decades and the 2021 event was one of the best. The consensus was that business activity is strong and expected to remain robust for the foreseeable future.
NEFA’s next in-person event is June 16 in Minneapolis:
followed by several additional regional events later in the summer, and the annual Funding Symposium October 12-15 in Charlotte, NC.
About National Equipment Finance Association
The National Equipment Finance Association (NEFA) is a national association serving small to mid-sized independent equipment finance companies, bank-owned leasing companies, lessors, brokers, and service providers. NEFA is a strong association offering educational programs and premium networking opportunities with broad geographic and industry segment diversity. The mission of NEFA is to provide a forum for members to pursue personal and professional growth and promote ethical business practices through advocacy, networking and industry involvement. For more information, visit: www.NEFAssociation.org or call: 609.206.7771.
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Basset Mix
Larchmont, New York Adopt-a-Dog
Bubba
Male
Age: 3 years old
Weight: 43 lbs.
A little About Bubba...
If you’ve been looking for a bundle of cuteness, look no further. Meet Bubba, a handsome 3 year old, 43 pound Basset mix dog. Bubba had a rough time before he came to NY, but he’s loving life now as he discovers all the great things life has to offer. He has fun living with and playing with his 3 furry foster brothers, who are happy to show him the ropes. Bubba is building trust with humans, so he’s careful when meeting new people. Bubba is a smart cookie, doing a great job learning his manners. Needless to say, crate training and housebreaking were a breeze. He’ll do best in an adult home with older kids who will be patient, and no doubt he’ll be a loyal family member forever.
Kennel Address:
7 Harrison Ave, Harrison, NY 10528
(914) 835-3332 (Dog Related)
Mailing Address:
P.O. Box 393, Larchmont, NY 10538
www.ny-petrescue.org
nypetrescue@gmail.com
Pet Rescue Dog Application
https://www.cognitoforms.com/PetRescue2/PetRescueDogApplication
Due to the extremely high number of applications we have been receiving, the review process will take anywhere from 2 to 4 weeks.
New York Pet Rescue
Applicants must: · Live within a 90 mile radius of Larchmont, NY · Accept the financial responsibility of vet care and pet care · Donate $350 to adopt their dog/?puppy.
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Financial and Sales Training
(For our "Lease School/Franchisors" list, please click here)
These individuals act as a consultant in 75% or more of their main business, actually training staff or individuals of a leasing company. These are not schools or franchisors, which can be viewed by clicking here.
Several hold classes, and most will travel to their client's premise.
These are not schools or franchisors which can be viewed by click below:
http://leasingnews.org/Conscious-Top%20Stories/School-Franchisors.htm
Many of the associations also have financial and sales training classes for their members and non-members with a higher fee: http://leasingnews.org/associations.htm
Second Column: YCS - Year Company Started | YELB - Years in equipment Leasing Business
Name
City, State
Contact
Website
Leasing Association |
YCS
YELB
(see above for meaning) |
Geographic Area |
Specialty |
|
1989
31 |
International |
Highly results-driven, informative and enjoyable sales skills training programs that will leave participants empowered for bottom-line success. AMST guarantees a positive return on training time and investment.
|
|
1996
33 |
United States |
Motivating, Educating and empowering leasing sales reps to top performance. Practical ideas for success using the telephone and internet. |
|
2000
38
|
International |
Consultant. Training. Production.
Your training can be branded, delivered in workshops, accessed via our OA Cloud app. or housed in your LMS. Our objective is to help people learn faster, retain knowledge longer and promote critical thinking skills.
|
|
2008
37 |
USA |
Provide multiple educational products to individuals and companies engaged in the leasing/financing industry. Encourage & facilitate personal and corporate strategy building to promote efficiencies, increase productivity & future success.
|
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This Day in History
1732 - Englishman James Oglethorpe received a royal charter to form the American colony of Georgia. It was to be a place of refuge for sectarian Protestant believers, persecuted in England.
1772 - The first naval attack in the Revolutionary War was made against the British revenue cutter Gaspee, commandeered by Lieutenant William Duddington, which ran aground while chasing the packet Hanna off Namquit Point, Providence, RI, in Narragansett Bay. During the night, merchant John Brown and number of others rowed out in eight longboats captained by Abraham Whipple, board the Gaspee, and set it on fire.
1846 - John Parker Hale of New Hampshire was elected a U.S. Senator, running on the first antislavery ticket. He switched from serving as a Democrat in the House of Representatives and ran as a Republican, starting the antislavery “ticket.” He was the first U.S. Senator to make a stand
against slavery.
http://en.wikipedia.org/wiki/John_P._Hale
1856 - A band of 497 Mormons left Iowa City, Iowa, and began the more than 1,000-mile trek to Salt Lake City. Lewis and Clark in their report
said the land was fertile and a good place to live (they had mixed up
the area they traveled and their map was incorrect). The Mormons carried all their goods in about 100 two-wheeled handcarts, most of which were heaped with the maximum load of 400 to 500 pounds. Each family usually had one cart, and the father and mother took turns pulling while any children old enough helped by pushing. The handcart immigrants soon ran into serious problems. The Mormon craftsmen who had constructed the handcarts back in Iowa City had chosen to use wooden axles instead of iron in order to save time and money. Sand and dirt quickly wore down the wood, and water and heat made the axles splinter and crack. As the level terrain of the prairies gave way to the more rugged country of the Plains, the sheer physical challenge of hauling a 500-pound cart began to take its toll. One British immigrant who was a skilled carpenter wrote of having to make three coffins in as many days. Some of the pilgrims gave up. Two girls in one handcart group left to marry a pair of miners they met along the way. The majority, however, struggled on and eventually reached the Salt Lake Valley. Over the course of the next four years, some 3,000 Mormon converts made the overland journey by pushing and pulling heavy-laden handcarts. Better planning and the use of iron axles made the subsequent immigrations slightly easier than the first, and some actually made the journey more quickly than if they had used ox-drawn wagons. Still, once the church finances had recovered, Young's followers returned to using conventional wagons. The handcart treks remained nothing less than heroic. One Mormon girl later estimated that she and her family had each taken over a million steps to reach their goal, pushing and pulling a creaking wooden handcart the entire way.
http://www.lds.org/placestovisit/location/0,10634,1787-1-1-1,00.html
http://www.walmart.com/catalog/product.gsp?product_id=323397
http://www.xmission.com/~nelsonb/handcart.htm
1856 - Committee of Vigilance of San Francisco issued a proclamation which read in part: "All political, religious, and sectional differences and issues have given way to the paramount necessity of a thorough and fundamental reform and purification of the social and political body."
1862 - Battle of Port Republic, last of 5 battles in Jacksons Valley camp, early Confederate victories by General "Stonewall" Jackson.
http://www.cr.nps.gov/hps/abpp/battles/va106.htm
http://www.cr.nps.gov/hps/ABPP/shenandoah/svs3-6.html
1863 - The largest cavalry battle of the war is fought at Brandy Station, Virginia. After the Confederate victory at Chancellorville in early May, Lee began to prepare for another invasion of the North by placing General J.E.B. Stuart's cavalry at Brandy Station, just east of Culpeper, to screen the rest of the Army of Northern Virginia as it started toward the Blue Ridge Mountains. Stuart used this time at Brandy Station to stage a grand parade in order to boost morale and show off his dashing troopers to local residents. Unbeknownst to Stuart, his pompous display was observed by uninvited Union cavalry and infantry under the command of General Alfred Pleasonton, who lurked across the Rappahannock. On June 9, Pleasonton struck the surprised Rebels in a two-pronged assault. After initially falling back, the Confederates eventually rallied, and the battle raged all day around St. James Church. The battle's key moment came when Union troops headed to seize Fleetwood Hill, an elevation from which the Yankees could shell the entire battlefield. Confederate Lieutenant John Carter struggled to mount a cannon on the hill and fired a single shot that stopped the Union troopers in their tracks. The Yankee officer leading the charge suspected the Confederates had a line of guns sitting just over the top of the hill, when in fact it was a single gun with barely enough powder for a single shot. Carter's heroic act saved the day for Stuart. The move bought time for the Confederates, and they held the hill. The battle continued until late afternoon, with many spectacular cavalry charges and saber fights in addition to hand-to-hand combat by dismounted cavalry. In the end, Stuart's forces held the field. Although it was technically a Rebel victory, the battle demonstrated how far the Union cavalry had come since the beginning of the war. Stuart's cavalry had been the master of their Union counterparts, but its invincibility was shattered on that muggy Virginia day. [The city of Pleasanton, CA is named for General Pleasonton]. http://www.pleasanton.org/history-of-pleasanton.html]
http://www.nps.gov/frsp/brandy.htm
http://americancivilwar.com/brandy_station.html
http://www.americancivilwar.com/statepic/va/va035.html
1887 - Gertrude Agnes Muller (d. 1954) birthday, Leo, IN. U.S. businesswoman and inventor. Her widowed mother ran a boarding house and sold her homemade doughnuts to support the family. She also was an inventor, primarily for children products, such as the “toidey seat," and other such products, including being the first to develop a child safety seat for automobiles
1891 - Cole Porter's (d. 1964) birthday, Peru, IN. Each day we celebrate life with the birthday of a notable musician, artist or American. The purpose is to celebrate life and a birthday is the perfect day to do so. An excellent book is available at amazon.com, titled “Cole Porter: A Biography” by William McBrien. You will find my review of this book along with others on Amazon.com. Porter published his first song,” The Boblink Waltz” at the age of 10. His career as a composer and lyricist for Broadway was launched in 1928 when five of his songs were used in the musical play, “Let’s Do It.” His prolific contributions to the Broadway stage included “Fifty Million Frenchmen,” “Wake up and Dream,” “The Gay Divorcee,” “Anything Goes,” “Leave It To Me,” “Du Barry was a Lady,” “Something for the Boys,” “Kiss Me Kate,” “Can Can” and “Silk Stockings.” Both of Porter's legs were crushed in a horseback riding accident in 1937, and he became a semi-invalid thereafter.
http://en.wikipedia.org/wiki/Cole_porter
1894 - American Railway Union convenes in Chicago, representing 465 local unions and a claimed membership of 15,000. On the 26th they call a sympathy strike for Pullman workers.
http://ehistory.osu.edu/osu/mmh/1912/content/eventsofpullmanstrike.cfm
1899 - James J. Jeffries scored an 11th-round knockout against "Sunny" Bob Fitzsimmons at Coney Island, New York. Jeffries became heavyweight boxing champ as a result.
1899 - Kate Chopin’s book “The Awakening” is published. Way ahead of her time, she created the unforgettable character Edna Pontellier, the married woman who sought her own sexual and emotional identity.
http://www.dailycelebrations.com/060901.htm
1908 – Birthday of American actor Robert Cummings, born Charles Clarence Robert Orville Cummings (d. 1990) at Joplin, MO. His best known role was in the film “Dial M for Murder”, 1954. He won an Emmy for his role in the television version of “Twelve Angry Men”, 1954,” but is perhaps best remembered for his very popular TV comedy series, “The Bob Cummings Show”, which ran from 1955 to 1959.
1909 - The trip that changed women's attitude towards automobiles from “Woman of Achievement and History.” Alice Huyler Ramsey, 22, with three women friends as passengers got behind the wheel of a topless motor car in New York City and headed west. Predicted to turn for home within days, the women sped across the U.S. to San Francisco in 41 days and proved that women could drive "just like a man." The new Maxwell Ramsey drove could hit 40 on the few good roads there were. Most of the "roads" were nothing more than rutted wagon trails. Sponsored by the Maxwell Company, the women's trip was well publicized. Ramsey did all the repair work herself like changing sparkplugs and fixing flats. The women "passengers" were called a working crew by Ramsey. She drove cross country almost 70 more times, doing it once a year until her death at 96. She held a valid driver's license. In accepting an AAA award for her part in proving that "automobiles are here to stay rugged and dependable enough to commend any man's respect, gentle enough for the daintiest lady," she included herself among "the great women drivers who were convinced we could drive as well as most men." A 1909 "in town" race of women drivers show the cars and the race conditions in cities. But outside the cities, there were virtually no roads - just wagon trails. For years many women were afraid to drive because it infringed on the male prerogative. Men were men and could not be expected to trust a woman behind the wheel of a car. Most women chose not to challenge for the driver's seat since it made the man look less virile. Another reason was that a woman behind the wheel of a car caused rampant road rage as men deliberately crashed into the cars driven by women to teach them not to challenge men's rights.
1915 - Les Paul, one of the most influential guitarists in popular music history, was born Lester William Polsfuss (d. 2009) in Waukesha, Wisconsin. With his wife Mary Ford, he had a string of hits in the late 1940's and early '50s. Among them were "Mockin' Bird Hill," "How High the Moon" and "The World is Waiting for the Sunrise." These recordings were among the earliest to use multitracking. Les Paul designed guitars which were marketed by the Gibson Company, and became the favorites of pop, rock and country musicians. Paul also built the first eight-track tape recorder, which helped pioneer multitrack recording. And he invented "sound-on-sound" recording, which has since become known as overdubbing.
http://www.lespaulonline.com/bio.html
1924 - Jelly Roll Morton and his band recorded "Jelly-Roll Blues" for General Records.
1934 - Donald Duck makes his first film appearance, in “The Wise Little Hen”, a short by Walt Disney. Donald, along with Mickey Mouse (who debuted in 1928), would become one of Disney's most beloved characters. Donald's popularity also led to other characters in the Duck family, including Daisy Duck, Uncle Scrooge, and nephews Huey, Dewey, and Louey.
1934 - Soul singer Jackie Wilson (d. 1984) was born in Detroit. He got his first big break when he replaced Clyde McPhatter as lead singer of the Dominoes. Wilson later developed into one of the premier black vocalists, beginning in the late 1950s. His string of hits included "Higher and Higher," "Lonely Teardrops" and "Baby Workout." In September, 1975, he collapsed on stage in Cherry Hill, New Jersey. He remained in a coma until his death on January 21st, 1984. All of Wilson’s expenses from the collapse until his death were funded by Dick Clark.
1934 - Birthday of comedian Jackie Mason, born Yacov Moshe Maza at Sheboygan, WQI.
1943 - FDR introduces “Withholding tax” on payroll. Popularly known as the "Pay As You Go Tax," it mandated that American taxpayers to withhold federal income taxes before getting paid their wages or salaries. It also was a major cash boon for the government, especially for the wartime economy.
1944 - Top Hits
“Long Ago and Far Away” - Helen Forrest & Dick Haymes
“I’ll Get By” - The Harry James Orchestra (vocal: Dick Haymes)
“I’ll Be Seeing You” - Bing Crosby
“Straighten Up and Fly Right” - King Cole Trio
1944 – On the right flank of the invasion beaches, elements of the US 7th Corps capture Azeville in its northward drive toward Cherbourg. Other elements are moving west toward Carentan. The US 5th Corps, from Omaha beach, capture Trevieres. The British and Canadian forces of the British 2nd Army are heavily engaged by growing German reserves around Caen. Allied aircraft are now operating from forward landing strips in France.
1944 – Forces of the US 5th Army capture Tarquinia, Viterbo and Vetrella. Elements of British 8th Army advance toward Terni and Orvieto. A small amphibious force lands at Santo Stefano. Meanwhile, there is a substantial reorganization of Allied forces. Elements of British 10th and 13th Corps are regrouped while elements of the US 6th Corps, mostly, are withdrawn from the line for the invasion of southern France.
1944 - GANDARA, JOE, Medal of Honor.
Rank and Organization: Private. U.S. Army. Company D, 2d Battalion. 507th Parachute Infantry Regiment. Place and Date: June 9, 1944, Amfreville, France. Born: April 25, 1924, Santa Monica, CA. Departed: Yes (06/09/1944). Entered Service At: Los Angeles, CA. G.O. Number: Date of Issue: 03/18/2014. Accredited To: Citation: Gandara is being recognized for his heroic actions on June 9, 1944, in Amfreville, France. His detachment came under devastating enemy fire from a strong German force, pinning the men to the ground for a period of four hours. Gandara advanced voluntarily and alone toward the enemy position and destroyed three hostile machine-guns before he was fatally wounded.
1945 – Japanese Premier Kantaro Suzuki declared that Japan will fight to the last rather than accept unconditional surrender.
1946 - DEGLOPPER, CHARLES N., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Co. C, 325th Glider Infantry, 82d Airborne Division. Place and date: Merderet River at la Fiere, France, 9 June 1944. Entered service at: Grand Island, N.Y. Birth: Grand Island, N.Y. G.O. No.: 22, 28 February 1946. Citation: He was a member of Company C, 325th Glider Infantry, on 9 June 1944 advancing with the forward platoon to secure a bridgehead across the Merderet River at La Fiere, France. At dawn the platoon had penetrated an outer line of machineguns and riflemen, but in so doing had become cut off from the rest of the company. Vastly superior forces began a decimation of the stricken unit and put in motion a flanking maneuver which would have completely exposed the American platoon in a shallow roadside ditch where it had taken cover. Detecting this danger, Pfc. DeGlopper volunteered to support his comrades by fire from his automatic rifle while they attempted a withdrawal through a break in a hedgerow 40 yards to the rear. Scorning a concentration of enemy automatic weapons and rifle fire, he walked from the ditch onto the road in full view of the Germans, and sprayed the hostile positions with assault fire. He was wounded, but he continued firing. Struck again, he started to fall; and yet his grim determination and valiant fighting spirit could not be broken. Kneeling in the roadway, weakened by his grievous wounds, he leveled his heavy weapon against the enemy and fired burst after burst until killed outright. He was successful in drawing the enemy action away from his fellow soldiers, who continued the fight from a more advantageous position and established the first bridgehead over the Merderet. In the area where he made his intrepid stand his comrades later found the ground strewn with dead Germans and many machineguns and automatic weapons which he had knocked out of action. Pfc. DeGlopper's gallant sacrifice and unflinching heroism while facing unsurmountable odds were in great measure responsible for a highly important tactical victory in the Normandy Campaign.
1946 - Mel Ott of the New York Giants had the honor of becoming the first manager to be ejected from both games of a doubleheader.
1948 – Israel became a state and was immediately attacked by her Arab neighbors. About 150,000 Arabs remained in Israel after the founding. Most others fled or were forced out.
1952 - Top Hits
“Kiss of Fire” - Georgia Gibbs
“Blue Tango” - The Leroy Anderson Orchestra
“Be Anything” - Eddy Howard
“The Wild Side of Life” - Hank Thompson
1953 - Touching down far east of traditional tornado alley, a devastating tornado, at least of F4 intensity, tore through Worcester County, Massachusetts and killed 90 people and injured 1288. The northern part of the city of Worcester suffered extreme damage. Property damage exceeded 52 million dollars which until then was a record high for a single tornado. 4000 buildings were damaged or destroyed. spawned by a classic supercell thunderstorm with tops at 60,000 feet, this tornado was and still is the worst tornadic event in history of New England.
1954 - Army counsel Joseph N. Welch asked Sen. Joseph R. McCarthy, "Have you no sense of decency, sir?" during the Senate-Army Hearings. The audience of citizens and newspaper and television reporters burst into wild applause. Just a week later, the hearings into the Army came to a close. McCarthy, exposed as a reckless bully, was officially condemned by the U.S. Senate for contempt against his colleagues in December 1954. During the next two-and-a-half years, McCarthy spiraled into alcoholism. Still in office, he died in 1957.
http://www.nytimes.com/learning/general/onthisday/big/0609.html
1956 - Bestselling crime novelist Patricia Cornwall, creator of crime- solving medical examiner Kay Scarpetta, was born Patricia Carroll Daniels at Miami, Florida. Hoping to become a crime novelist, Cornwall spent six years studying forensic science and working at the morgue. She wrote three novels between 1984 and 1988, all featuring a dashing, adventurous, and poetic detective hero, with a minor medical- examiner character named Kay Scarpetta. An editor advised Cornwall to focus on Scarpetta and to write grittier fiction based on everyday crime situations faced by the morgue. Cornwall wrote “Postmortem”, which was finally accepted by Scribner's after seven other publishers rejected it. The novel won five major mystery awards that year and sold hundreds of thousands of copies in paperback. Cornwall's subsequent Scarpetta novels, including “Cruel and Unusual” (1993) and “Cause of Death” (1996), sold in the millions and have been translated into 22 languages, earning her multimillion-dollar advances.
1958 - Jerry Lee Lewis and his producer Sam Phillips take out a full-page ad in Billboard Magazine to explain his second divorce and third marriage to his 14-year-old second cousin Myra. It doesn't help.
1958 - Johnny Mathis' LP, “Johnny's Greatest Hits” hits #1
1958 - Sheb Wooley hit the top of the Billboard chart with a novelty song called "The Purple People Eater." When he first sang the tune for MGM executives, Sheb said he was scraping the "bottom of the barrel," but the brass loved the song and wanted to release it. Three weeks after it hit store shelves, it was the number one record in the US and would start a merchandising craze that included hats, T-shirts and even ice cream.
1958 - Still angry that his employers refuse to back him in his defense of recent charges of inciting a riot at a Boston show, DJ Alan Freed quits New York radio station WINS, claiming they refused to "stand by my policies and principles." The same day, Freed debuts his new package tour in Hershey, PA, starring Chuck Berry, Buddy Holly, Jerry Lee Lewis, Frankie Lymon and the Teenagers, Danny and the Juniors, Screamin' Jay Hawkins, Larry Williams, and the Chantels.
1959 - A sixteen-year-old singer named Wayne Newton, long ridiculed for his girlish voice, begins a two-week engagement at Las Vegas' Fremont Hotel, and proves so popular that he would headline at the location for over three years. He would go on to earn $20 million annually.
1959 - Bobby Darin plays his first Las Vegas gig at the Sahara, opening for comedian George Burns.
1960 - Top Hits
“Cathy’s Clown” - The Everly Brothers
“Burning Bridges” - Jack Scott
Paper Roses - Anita Bryant
“Please Help Me, I’m Falling” - Hank Locklin
1961 - Birthday of actor Michael J. Fox, Edmonton, AB, Canada.
1962 - Tony Bennett made his debut at Carnegie Hall in New York City ten years after making his first hit song, "Because of You." It was a move designed by promoter Sid Bernstein to revive the crooner's career. With the subsequent release of the single "I Left My Heart in San Francisco," it does just that.
1963 - Birthday of actor Johnny Depp, born Owensboro, KY. Best known for “Pirates of the Caribbean (several films),” “The Long Ranger,” “Alice in Wonderland,” “Sweeney Todd,” “Edward Scissorhands.”
1964 - Louis Armstrong's "Hello, Dolly!" hits #1
1964 – In reply to a formal question submitted by President Lyndon B. Johnson – ”Would the rest of Southeast Asia necessarily fall if Laos and South Vietnam came under North Vietnamese control?” – the Central Intelligence Agency (CIA) submits a memo that effectively challenges the “domino theory” backbone of the Johnson administration policies. This theory contended that if South Vietnam fell to the communists, the rest of Southeast Asia would also fall “like dominoes,” and the theory had been used to justify much of the Vietnam War effort. The CIA concluded that Cambodia was probably the only nation in the area that would immediately fall. “Furthermore,” the report said, “a continuation of the spread of communism in the area would not be inexorable, and any spread which did occur would take time–time in which the total situation might change in any number of ways unfavorable to the communist cause.” The CIA report concluded that if South Vietnam and Laos also fell, it “would be profoundly damaging to the U.S. position in the Far East,” but Pacific bases and allies such as the Philippines and Japan would still wield enough power to deter China and North Vietnam from any further aggression or expansion. President Johnson appears to have ignored the CIA analysis–he eventually committed over 500,000 American troops to the war in an effort to block the spread of communism to South Vietnam.
1966 - Hurricane Alma made landfall over the eastern Florida panhandle -- the earliest landfalling hurricane on the U.S. mainland on record.
1966 - Elvis Presley's 21st movie, a retread of “Blue Hawaii” called “Paradise, Hawaiian Style,” is given a sneak preview in The King's hometown of Memphis before its official release a few weeks later.
1967 - McGONAGLE, WILLIAM L., Medal of Honor
Rank and organization: Captain (then Comdr.) U.S. Navy, U.S.S. Liberty (AGTR-5). place and date: International waters, Eastern Mediterranean, 8-9 June 1967. Entered service at: Thermal, Calif. Born: 19 November 1925, Wichita, Kans. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Sailing in international waters, the Liberty was attacked without warning by jet fighter aircraft and motor torpedo boats which inflicted many casualties among the crew and caused extreme damage to the ship. Although severely wounded during the first air attack, Capt. McGonagle remained at his battle station on the badly damaged bridge and, with full knowledge of the seriousness of his wounds, subordinated his own welfare to the safety and survival of his command. Steadfastly refusing any treatment which would take him away from his post, he calmly continued to exercise firm command of his ship. Despite continuous exposure to fire, he maneuvered his ship, directed its defense, supervised the control of flooding and fire, and saw to the care of the casualties. Capt. McGonagle's extraordinary valor under these conditions inspired the surviving members of the Liberty's crew, many of them seriously wounded, to heroic efforts to overcome the battle damage and keep the ship afloat. Subsequent to the attack, although in great pain and weak from the loss of blood, Captain McGonagle remained at his battle station and continued to command his ship for more than 17 hours. It was only after rendezvous with a U.S. destroyer that he relinquished personal control of the Liberty and permitted himself to be removed from the bridge. Even then, he refused much needed medical attention until convinced that the seriously wounded among his crew had been treated. Capt. McGonagle's superb professionalism, courageous fighting spirit, and valiant leadership saved his ship and many lives. His actions sustain and enhance the finest traditions of the U.S. Naval Service. (Captain McGonagle earned the Medal of Honor for actions that took place in international waters in the Eastern Mediterranean rather than in Vietnam.)
1968 - Top Hits
“Mrs. Robinson” - Simon & Garfunkel
“Tighten Up” - Archie Bell & The Drells
“This Guy’s in Love with You” - Herb Alpert
“Honey” - Bobby Goldsboro
1969 - The U.S. Senate confirmed Warren Burger to be the new Chief Justice of the United States, succeeding Earl Warren.
1970 - The Guess Who's "American Woman" hits #1
1970 - Anna Mae Hays and Elizabeth P. Hoisington become the first women in U. S. military history to reach the rank of brigadier general. On 06-17-1971, Jeanne M. Holm was promoted to brigadier general in the U.S. Air Force, the first woman to gain that rank in the Air Force. In 1973, Holm is promoted to major general.
1972 -Thunderstorms dumped up to 14 inches of rain in about 4 hours on the east slopes of northern Black Hills in South Dakota. Severe flash flooding resulted, especially in the Rapid City area. The make matters worse, the Canyon Lake Dam collapsed sending a wall of water through the city. 238 people were killed and 2932 were injured. Total damage exceeded $150 million.
1972 - John Hammond's latest discovery, Bruce Springsteen, signs with him at Columbia; ten album contract. Bruce immediately begins to put together his famous E Street Band from the sidemen in his various Asbury Park, NJ bar bands. His first LP, "Greetings from Asbury Park, New Jersey," appeared the following January.
1972 - Elvis Presley begins the first of an unprecedented four sold-out shows at Madison Square Garden, his first-ever New York City concert. Two Beatles were in attendance -- George and John -- as well as Bob Dylan, David Bowie, and Art Garfunkel. Selections from the shows eventually made up the album, “Elvis: As Recorded At Madison Square Garden.”
1973 - Secretariat won the Belmont Stakes, becoming the first American Triple Crown winner in 25 years.
1974 - Bruce Springsteen gives the most important performance of his career, opening for Bonnie Raitt at her Boston Arena show. Playing his full two-hour set at Raitt's insistence, Bruce delivers a show so impressive that Rolling Stone's Jon Landau later wrote in Boston's The Real Paper, "I saw rock and roll future, and its name is Bruce Springsteen. And on a night when I needed to feel young, he made me feel like I was hearing music for the very first time." Landau would later become Springsteen's manager and producer.
1975 - Tony Orlando and Dawn received a gold record for their hit song "He Don’t Love You (Like I Love You)". The album sold a million copies and was number one for three weeks from May 3 to 17, 1975. It was also one of five million copy sellers for the trio. "He Don’t Love You" was a remake of a hit Jerry Butler crooned in 1960.
1976 - Top Hits
“Love Hangover” - Diana Ross
“Silly Love Songs” - Wings
“Get Up and Boogie (That’s Right)” - Silver Convention
“One Piece at a Time” - Johnny Cash
1977 - No. 1 Billboard Pop Hit: "I'm Your Boogie Man," KC & the Sunshine Band.
1978 - Leaders of the Church of Jesus Christ of Latter-day Saints struck down a 148-year-old policy of excluding black men from the Mormon priesthood.
1980 - Comedian and actor Richard Pryor suffered almost fatal burns at his San Fernando Valley, California home when a mixture of "free-base" cocaine exploded and set him on fire. Near death, he convalesced at Sherman Oaks Community Hospital Burn Center.
1981 - Xerox is the first with a personal computer for the office: Xerox 820. Basically a word processor, it retailed for $3,000, had two disk drives and a monitor displaying twenty-four lines of 80-character type.
http://www.geocities.com/SiliconValley/Peaks/9595/xerox.html
1983 - Kansas City Chiefs running back Joe Delaney tragically drowned while trying to save three children from drowning in Monroe, Louisiana. Two of the children perished, but one made it to safety. A few weeks later, Pres. Reagan posthumously awarded Delaney the Presidential Citizens Medal.
1984 - Top Hits
“Time After Time” - Cyndi Lauper
“Oh Sherrie” - Steve Perry
“The Reflex” - Duran Duran
“Someday When Things are Good” - Merle Haggard
1985 - American educator Thomas Sutherland was kidnapped in Lebanon, and he was released in November 1991 along with fellow hostage Terry Waite.
1985 - The Los Angeles Lakers narrowly beat the Boston Celtics, 111-100, to win their first National Basketball Association title in nine tries against the Celtics. Since 1959, when they were based in Minneapolis, Minnesota, the Lakers had been shut out of the championship series. The most valuable player for the winning Lakers was Kareem Abdul-Jabbar.
1986 - Bob Dylan began his first US tour in five years with a concert in San Diego. Billed as the "True Confessions Tour," the series of performances also included Tom Petty and the Heartbreakers.
1987 - No. 1 Billboard Pop Hit: "Always," Atlantic Starr.
1987 - Thunderstorms in the northeastern U.S. produced large hail and damaging winds in Vermont injuring two persons. Thunderstorms in Ohio produced wind gusts to 75 mph near Akron, and deluged Pittsfield with two inches of rain in thirty minutes.
1989 - Mets outfielder Darryl Strawberry hits his 200th career home run in a ten-inning, 4-3, loss to the Pirates.
1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
1989 - "Star Trek V" premiers; "The Final Frontier."
http://www.imdb.com/title/tt0098382/
http://www.amazon.com/gp/product/6305350205/002-5217827-1679236?v=glance&n=130
1990 - San Diego, California set a new record rainfall amount on this date. 0.38 inches of rain fell breaking the old record of 0.13 inches established in 1892. Moisture from the remains of Hurricane Boris was responsible for this rare rain event.
1990 - 25 years to the day after their father Brian and his band, The Beach Boys, hold the No. 1 spot for "Help Me Rhonda," Carnie and Wendy Wilson's trio, Wilson Phillips (with Chynna Phillips), move into the No. 1 spot on the Billboard Hot 100 with their single "Hold On."
1993 - Top Hits
“That's The Way Love Goes” - Janet Jackson
“Freak Me” - Silk
“Knockin Da Boots” - H-Town
“Weak” - SWV
1993 – “What's Love Got to Do With It?,” a film about singer Tina Turner and how she rose to rock stardom with her abusive husband Ike Turner, opened in U.S. theaters. The film was well received, and the stars, Angela Bassett and Laurence Fishburne, were both nominated for Oscars. Bassett won a Best Actress Golden Globe for her electrifying performance as Tina.
1993 - The US Postal Service introduces a new series of stamps called "Legends Of American Music," its first to feature rock and R&B stars, featuring Elvis Presley, Buddy Holly, Otis Redding, Bill Haley, Clyde McPhatter, Ritchie Valens, and Dinah Washington.
1996 - In San Francisco, basic rent has climbed to $1300 a month for a 2 bedroom apartment. 70% of SF residents rent and the vacancy rate is under 2%. June, 2009: Average rent for 2 bedroom apartment in is $2,500. Two-thirds of S. F. residents rent and the vacancy rate is 4.5%. June, 2014: Average one bedroom, $2,800; two bedrooms, $3,875; three bedrooms, $4,750 (average, not prime areas). http://sfist.com/2013/07/19/another_sf_rent_map.php
1998 - Top Hits
“The Boy Is Mine” - Brandy
“Too Close” - Next
“You’re Still The One” - Shania Twain
“My All” - Mariah Carey
1999 - Ricky Martin's self-titled album was certified multi-platinum on this date.
1999 - After being ejected in the 12th inning by plate umpire Randy Marsh for arguing a catcher's interference call, Bobby Valentine returns to the dugout with a fake mustache and glasses. The National League will suspend the Mets' manager for two games and fine him for using the disguise.
2000 - Boyz II Men release to radio stations "Pass You By," their first new single in more than three years.
2008 - Ken Griffey, Jr. becomes the sixth player in Major League history to hit 600 career home runs. With a runner on third, Junior goes deep in the first inning on a 3-1 pitch thrown by Marlins' mounds man Mark Hendrickson in the Reds' 9-4 victory at Dolphin Stadium.
2009 - The Librarian of Congress announced that twenty-five culturally significant recordings, including "Tom Dooley" by The Kingston Trio, "Rumble" by Link Wray and "My Generation" by The Who, will be preserved in a special sound archive in the National Recording Registry.
2013 - Elton John was targeted by anti-gay campaigners in Russia who demanded that he tone down his colorful wardrobe and wear "more respectable" clothing for his concert there next month.
2019 – Former Red Sox slugger David Ortiz, was shot while visiting in his native Dominican Republic. Authorities stated that Ortiz was "ambushed by a man who got off a motorcycle" and shot him in the back. Ortiz underwent a six-hour operation performed by three local physicians, during which, a portion of his intestines, colon, and gall bladder, were removed; liver damage was also reported. Six suspects had been arrested in relation to the shooting and more were being sought. Police Major General Ney Aldrin Bautista Almonte revealed that the alleged organizer of the attack was promised 400,000 Dominican pesos (approximately $7,800) to carry out the attack. Security camera footage showed two men on a motorcycle allegedly planning the attack with a man in a car near the bar where the shooting took place. The Dominican Attorney General's office announced that Ortiz had not been the intended victim of the gunman and that the shooting had been carried out on the orders of Victor Hugo Gomez Vasquez, a known associate of a Mexican drug cartel. The intended victim, Gomez Vasquez's cousin, Sixto David Fernández, was a regular patron at the bar.
NBA Champions:
1985 - Los Angeles Lakers
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