Father to Son on Father’s Day

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Phoenix Lending Survey Results Reveals
Optimism in the U.S. Economy

From the second quarter, Phoenix Management’s  “Lending Climate in America” survey results reveal optimism in the U.S. economy with results for the near-term economy exceeding pre-pandemic predictions for the first time since the country shutdown due to COVID.

Since reaching an 11-year record low in Q2 2020, confidence in the near-term economy (next 6 months) has steadily climbed quarter over quarter to a 2.79 weighted average GPA in Q2 2021. Additionally, lender confidence in the U.S. economy in the long-term increased (by 7 percentage points) to 2.36 from the previous quarter’s results of 2.29.

Real GDP decreased 3.5% in 2020. When asked given the current state of vaccine rollouts, pandemic-related restrictions (and their potential easing), and stimulus plans, what level of GDP growth is expected for 2021, 58% of lenders surveyed predict a 4-5% growth in 2021. Twenty-one percent of lenders expect less than 2%, while 14% predict 6-7% growth. Seven percent of lenders surveyed predict a 2-3% GDP growth in 2021.

Phoenix’s Q2 2021 “Lending Climate in America” survey asked lenders what macroeconomic headwind they believe could derail economic recovery. The majority of lenders, 50%, believe that policy risk (such as interest rates or withdrawal of stimulus) is most likely to be the macroeconomic headwind that could derail economic recovery. Twenty-one percent of lenders believe that either a) international supply chain issues or b) vaccine distribution or virus mutation is most likely to be the macroeconomic headwind that could derail economic recovery. Of the lenders surveyed, 8% of lenders say consumer caution as the U.S. reopens will most likely be the macroeconomic headwind that could derail economic recovery.

Lenders were also surveyed this quarter to determine whether they believe the U.S. will return to pre-COVID employment rates by the end of 2021. The vast majority of lenders, 71%, believe many Americans will remain disincentivized from entering the labor force due to the current COVID unemployment benefits. Twenty-nine percent of lenders say that with the roll-out of vaccines, the U.S. will reach similar pre-COVID unemployment rates by the end of 2021. 

Michael Jacoby, Senior Managing Director and Shareholder of Phoenix, concludes, “Confidence in the near-term U.S. economy continues to improve as results exceed pre-pandemic predictions,” says. “While lenders seem to be confident about the U.S. economy, the factor deemed most likely to derail the U.S. economy is policy risk and the majority of lenders are concerned about how current COVID unemployment benefits could disincentive Americans from entering the labor force.”

To see the full results of Phoenix’s “Lending Climate in America” Survey, please visit  https://www.phoenixmanagement.com/lending-survey/

Source: Globenewswire

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Amazon Rakes in More US ECommerce Sales
than the Next 9 Biggest US Retailers Combined

Source: insdierintelligence.com

|

Help Wanted Ads

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“Double Down”

Sales Make it Happen by Scott Wheeler, CLFP

A high performing originator recently made the following statement that bears repeating:

Now is the time to work harder and smarter than ever before because every extra hour or effort produces great results. These are the times that top producers dream of. The Market is flush with strong transactions.

The originator went on to claim that he could have never imagined ten years ago when he entered the industry that business would ever be this strong; that his monthly production and income would be as high as it has been every month thus far in 2021. I asked him to pinpoint five things that make him successful and his answer was:

He has deep relationships with a select number of vendors that provide him with "flow business" every month.

• He asks for and receives referrals from most end-users.
• He starts his day before anyone else in the office and is usually the last to leave.
• He knows his competition well and is never reluctant to go head-to-head with anyone.
• He communicates often and concisely with his clients - he is a straight shooter.

He added a sixth and most important factor - he has FUN every day and lets everyone he comes in contact with know how much he loves his work and helping his clients.

Wheeler Business Consulting is fully vaccinated and it has been uplifting to resume in-person meetings, training sessions, and real handshakes.

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

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

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U.S. Housing Market
By Sam Khater, Vice President and Chief Economist,
Economic & Housing Research, Freddie Mac

One of the Most Important Challenges our Industry will face:
The Significant Shortage of Starter Homes.  “While the economy is improving since the emergence of the pandemic, there are still some areas of concern. For example, several industries, such as retail, hospitality and tourism, remain fragile. Supply overhangs and shortages continue to affect the economy. And unfortunately, the housing market is among the industries where fundamental shortages exist.

Even before the COVID-19 pandemic and current recession, the housing market was facing a substantial supply shortage and that deficit has grown. In 2018, we estimated that there was a housing supply shortage of approximately 2.5 million units, meaning that the U.S. economy was about 2.5 million units below what was needed to match long-term demand. Using the same methodology, we estimate that the housing shortage increased to 3.8 million units by the end of
2020. A continued increase in a housing shortage is extremely unusual; typically, in a recession, housing demand declines and supply rises, causing inventory to rise above the long-term trend.

The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes, which we document in two Insights: The Housing Supply Shortage: State of the States and The Major Challenge of U.S. Housing Supply. That decline has resulted in the decrease in supply of entry-level single-family homes or, “starter homes.”

“While in 2020, only 65,000 entry-level homes were completed. There were 2.38 million first-time home buyers that purchased homes. Not all renters looking to purchase their first home were in the
market for entry-level homes, however the large disparity illustrates the significant and rapidly widening gap between entry-level supply and demand.

As we navigate our way through the year and get beyond the pandemic, we expect the housing supply shortage to continue to be one of the largest obstacles to inclusive economic growth in the
U.S. Simply put, we must build more single-family entry-level housing to address this shortage, which has strong implications for the wealth, health and stability of American communities.

“Even though Freddie Mac does not finance the construction of homes, we are committed to working with the industry to help lower the costs of housing overall. Our continuous support in all economic climates, and in markets that might otherwise be neglected, provides stability to the housing market and helps low- and moderate-income families rent, buy and keep homes they can afford. Additionally, we are working to find new ways to incentivize greater investment and bring diverse sources of capital to the market. We're also doing our part when it comes to serving our mission: First-time home buyers represented 46% of new single-family purchase loans in 2020while more than 650,000 single-family loans we financed were affordable to low- and very low income households. … ” – Sam Khater, Vice President and Chief Economist, Economic & Housing Research, Freddie Mac.

*Coda:

Hugh Swandel | Senior Vice President
Meridian OneCap Credit Corp

“Loved the piece on lumber prices.
 
“Trade Barriers usually benefit a few at the expense of the many.
 
“If a tree falls in Canada and an American cannot buy it does anyone care?

“YOU BET they do!”
 
 
Burnaby, B.C.  V5H 4M2
T: 604-646-2254  | 888-735-2201, extension 8298 (toll-free)
C: 236-888-9031
hugh.swandel@meridianonecap.ca
meridiancu.ca/mocc

Top Ten Leasing News
June 14 to June 18

(Most Read the Prior Week)

(1) New Hires/Promotions in the Leasing Business
    and Related Industries
https://leasingnews.org/archives/Jun2021/06_18.htm#hires

(2) Our Leasing/Finance Life is Changing
  Not Just Because of FinTech, Perhaps the Convenience
    By Kit Menkin
https://leasingnews.org/archives/Jun2021/06_18.htm#our

(3) The World Needs More Mayberry
https://leasingnews.org/archives/Jun2021/06_16.htm#mayberry

(4) Fed Holds Rates Near Zero, Hints at 2023 Hikes
    U.S. Federal Funds Target Rate Chart
https://leasingnews.org/archives/Jun2021/06_18.htm#fed

(5) Major US mall owner files for bankruptcy
    100 locations across the United States
https://www.cnn.com/2021/06/14/business/washington-prime-group-mall-bankruptcy/index.html

(6) Nils Bohlin, Engineer at Volvo
    He invented the three-point seat belt in 1959
https://leasingnews.org/archives/Jun2021/06_14.htm#bohlin

(7) Companies who notify lessee
    in advance of lease expiration
https://leasingnews.org/archives/Jun2021/06_14.htm#notify

(8) First Commonwealth Bank Announces
  Entry into Equipment Finance Business
    Hires CLFP Cindy Spurdle Award Winner to Run it
https://leasingnews.org/archives/Jun2021/06_16.htm#first

(9) Primary Reasons Many US Adults Don’t Trust
    or Understand Cryptocurrency  - Chart
https://leasingnews.org/archives/Jun2021/06_16.htm#primary

(10) This $1 billion S.F. startup wants to disrupt vacation homes.
    Wine Country residents say it's destroying their neighborhoods
https://www.sfchronicle.com/local/article/Pacaso-wants-to-disrupt-the-vacation-home-16252784.php

Shepherd
Santa Barbara, California  Adopt-a-Dog

Coretta

ID: 7425
Female
2 Years old
48.5 lbs.
Black/tan
Adoption Fee: $125

Hi! My name is Coretta and I just arrived at the Santa Barbara Campus. I am a 2 year old female Shepherd who is eager for a new home! I am a shy, but very sweet girl. Once I warm up to you, you will always be my best friend! I enjoy sun bathing and going for walks with my people. I would do best in a quiet home with children over 12, and I would be open to a doggy sibling too. Ready to adopt or want to hear more about me? The shelter is open by appointment seven days a week! Just email adopt@sbhumane.org to make an appointment today! When you take your new pet home, r she will have been spayed, up to date on vaccinations, provided with permanent microchip identification and a certificate for a free veterinary exam. Our partners at Purina brand dog and cat food also provide food to get you home.

Due to COVID-19, all adoptions are by appointment
only with scheduled visits available between
10:00 AM and 4:00 PM daily.

Ask about Me:
https://sbhumane.org/animals/7425/

For general questions,
email adopt@sbhumane.org
or call 805-964-4777.

Santa Barbara Humane Society
805-964-4777
info@sbhumane.org
Mailing Address:
5399 Overpass Road
Santa Barbara, Ca 93111

Santa Barbara Campus
5399 Overpass Road
Santa Barbara, CA 9311

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Podcast Interview with Paul Menzel on Leadership
and How He Leads Others to Perform
The Alta Group Leadership Development

Alta Vice Chairman Paul Menzel, CLFP, joins Leadership Development News with Drs. Relly Nadler and Cathy Greenberg to discuss how he “leads people to perform.” In this 40-minute podcast, Paul covers his notable career leading others to top performance as a president and a CEO through his own continuous learning, emotional intelligence and developing a great corporate culture. His experience comes from a lifelong career in the equipment leasing industry and, notably joining Financial Pacific Leasing in 2008 during the depths of the Great Recession. He held together a strong team through nationwide financial straits and led the 2013 private equity sale of Financial Pacific to Umpqua Bank, before being appointed President and CEO of Umpqua Bank Equipment Leasing and Finance. He made bold decisions, inspired others and led these firms to exceptional performance. “Take bold steps,” he says. “Be the initiator. You can’t wait for others to engage with you.”

 Short on time? Jump to these highlights:

 3:30: “Leadership doesn’t happen by itself.” How Paul Menzel grew into the leader he is today.

6:45: Paul discusses managing a company successfully through four ownership changes and four recessions with same employee group.

 9:10: He talks about how emotional intelligence ties to leadership.

 11:25: At this time stamp, Paul talks about how to lead others to perform. “You need to know who your people are, they need to know you,” he says.

 15:00: The conversation turns to creating authentic connections online, especially when making hiring decisions.

 20:00: Paul explains creating a strong corporate culture.

24:30: He branches into developing empathy as a leader, and why that’s important. Soon after, he discusses “being who you really are” with a team.

34:45: Paul explains how to be “emotionally brilliant in the moment” when making tough decisions.

Podcast:
https://media.blubrry.com/thealtagroup/p/thealtagroup.com/wp-content/uploads/2020/11/Paul-Menzel-Leading-People-to-Perform-9.14.20.mp3

https://thealtagroup.com/podcast-interview-with-paul-menzel-on-leadership-and-how-he-leads-others-to-perform/

News Briefs---

SBA has Billions Left Over in Forgivable COVID-19
    for Businesses in Low-income  Areas
https://www.dallasnews.com/business/banking/2021/06/21/if-your-business-is-in-a-low-income-area-the-sba-has-billions-left-over-in-forgivable-covid-19-aid-for-you/

Leasing Companies Offer Flexibility
    in Booming Truck Market
https://www.fleetowner.com/equipment/article/21167334/leasing-companies-offer-flexibility-in-booming-truck-market

Here Are the Companies Rushing Workers Back
    to the Office — and the Ones that Aren't
https://www.cnn.com/2021/06/19/business/return-to-office-company-policies/index.html

Cargo Is Piling Up Everywhere,
    And It's Making Inflation Worse
https://www.npr.org/2021/06/21/1007938067/cargo-is-piling-up-everywhere-and-its-making-inflation-worse

Edmunds: Consider leasing when new car prices soar
    Farm Equipment/Agrinews-pubs.com
https://www.agrinews-pubs.com/news/farm-equipment/2021/06/20/edmunds-consider-leasing-when-new-car-prices-soar/

Amazon may pay $150M for 20% stake in Plus;
    buying 1,000 trucks
https://www.freightwaves.com/news/amazon-paying-150m-for-20-stake-in-plus-and-buying-1000-trucks
 

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You May Have Missed---

Get Ready for Years of Chaos in Container Shipping
    When things go wrong in this business, they go seriously wrong.
https://www.bloomberg.com/opinion/articles/2021-06-20/chaos-in-container-shipping-goes-beyond-the-suez-fiasco-and-backed-up-ports

[headlines]
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Sports Briefs---

Supreme Court rules against NCAA, opening door
    to significant increase in compensation for student athletes
https://www.cnn.com/2021/06/21/politics/ncaa-supreme-court/index.html

Warriors’ Steph Curry won’t play for Team USA
  at Tokyo Olympics
https://www.mercurynews.com/2021/06/21/warriors-steph-curry-withdraws-from-team-usa-tokyo-olympics/

Oakland A’s execs exploring ballpark sites
    in Las Vegas this week, per report
https://www.eastbaytimes.com/2021/06/21/oakland-as-execs-exploring-ballpark-sites-in-las-vegas-this-week-per-report/

How Jon Rahm Went From Getting COVID-19
    to Winning the U.S. Open in 2 Weeks
https://www.wsj.com/articles/jon-rahm-us-open-covid-11624279485

Time to Say Goodbye to Jimmy Garoppolo
https://www.si.com/nfl/49ers/news/time-for-the-san-francisco-49ers-to-say-goodbye-to-jimmy-garoppolo

Raiders’ Carl Nassib comes out as gay;
      is first active NFL player to do so
https://www.mercurynews.com/2021/06/21/raiders-carl-nassib-makes-history-comes-out-as-gay/

Washington Football Team trademark application in jeopardy
     after initial refusal by United States Patent and Trademark Office
https://www.usatoday.com/story/sports/nfl/washington/2021/06/19/washington-football-team-trademark-wft-rejected-patent-office/7753752002/

'We have one plan:' Packers coach Matt LaFleur prepared
     for training camp, with or without Aaron Rodgers
https://www.usatoday.com/story/sports/nfl/packers/2021/06/18/packers-prepared-for-training-camp-with-or-without-aaron-rodgers/7743682002/

Bills fans won't need Covid-19 shots to go
     to games at Highmark Stadium
https://www.theredzone.org/Blog-Description/EntryId/16155/Bills-fans-won-t-need-Covid-19-shots-to-go-to-games-at-Highmark-Stadium

Why Are the Olympics Still Happening?
    These Numbers Explain It
https://www.nytimes.com/2021/06/21/sports/olympics/tokyo-olympics-happening-why.html

 

[headlines]
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California Nuts Briefs---

Californians will again have to show they’re job hunting
     to receive unemployment benefits
https://www.latimes.com/california/story/2021-06-17/california-edd-require-job-hunting-proof-unemployment?utm_id=31515&sfmc_id=1646692

Drought prompts state to cut off water
    to thousands of farms, water agencies
https://www.sfchronicle.com/drought/article/Drought-forces-state-to-cut-off-water-to-16249597.php

Northern California city won’t fly Pride flag
    on government buildings. Here’s why
https://www.sacbee.com/cTomommunity/roseville-placer/article252182483.html?ac_cid=DM473765&ac_bid=817877302

[headlines]
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“Gimme that Wine”

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

Nearly three-quarters of California seniors
    are fully vaccinated
https://www.eastbaytimes.com/2021/06/19/covid-nearly-three-quarters-of-california-seniors-are-fully-vaccinated/

San Francisco Bay Area sees post-COVID summer school
    enrollment boom after year of distance learning
https://www.mercurynews.com/2021/06/21/summer-school-sees-enrollment-boom-after-year-of-distance-learning/

Many L.A. cops and firefighters aren't vaccinated
    against COVID-19. Is this a public safety threat?
https://www.latimes.com/california/story/2021-06-19/vaccination-rates-lag-among-california-public-safety-workers-drawing-concern?utm_id=31691&sfmc_id=1646692

More than 1,000 units could be built at
    large site near a future San Jose BART station
https://www.mercurynews.com/2021/06/21/real-estate-big-san-jose-affordable-home-develop-bart-housing-proposal/

Free Wine App
https://www.nataliemaclean.com/mobileapp/

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

This Day in History

     1610 - In their search for a marketable product, some settlers in the Colonies had begun growing tobacco.  Europeans had acquired a taste for tobacco in the late sixteenth century when the Spanish brought samples from the West Indies and Florida. Initially expensive, it became popular among wealthy consumers. The high price appealed to Virginians, but they found that native Virginia leaf was of poor quality. John Rolfe began experimenting with seeds from Trinidad, which did much better. The first cargo of Virginia-grown tobacco arrived in England in 1617 and sold at a highly profitable 3 shillings per pound. Following Rolfe's success, settlers immediately planted tobacco everywhere- -even in the streets of Jamestown. Company officials, unwilling to base the colony's economy on a single crop, especially one that many people (including King James) considered to be an unhealthy indulgence, tried to restrict annual production to 100 pounds per colonist. Colonists, busy "rooting in the ground about Tobacco like Swine" as one observer reported, ignored these restrictions. But it was only after company rule ended that tobacco planting really surged. Between 1627 and 1669, tobacco exports climbed from 250,000 pounds to more than 15 million pounds. As the supply grew, the price plunged from 13 pence in 1624 to a mere penny in the late 1660s, where it remained for the next half century. What had once been a luxury product thus became affordable for Europeans of average means. Now thoroughly dependent on tobacco for their livelihood, the only way colonists could compensate for falling prices was to grow even more, pushing exports to England to more than 20 million pounds by the late 1670s.
    1611 - After spending a winter trapped by ice in present-day Hudson Bay, the starving crew of the Discovery mutinies against its captain, English navigator Henry Hudson, and sets him, his teenage son, and seven supporters adrift in a small, open boat. Hudson and the eight others were never seen again. Two years earlier, in 1609, Hudson sailed to the Americas to find a northwest passage to Asia after repeatedly failing in his efforts to find a northeast ocean passage. The Discovery later returned to England, and its crew was arrested for the mutiny. Although Henry Hudson was never seen again, his discoveries gave England its claim to the rich Hudson Bay region.
    1633 - Galileo Galilei was forced by the Pope to recant his research that the Earth orbits the Sun.  On Oct 31, 1992, the Vatican admitted it was wrong.
    1774 - The Quebec Act was passed by Parliament. It established a permanent government in Quebec and extended its boundaries south to the Ohio River, to include land contested by several American colonies. For this, it was considered by the colonists to be one of the Intolerable Acts that lead to the Revolutionary War.
http://www.wpi.edu/Academics/Depts/MilSci/BTSI/abs_coer.html
    1775 - Continental currency was issued for the first time, totaling $3,000,000.
    1807 - The crew of the British man-of-war, "Leopold," fired upon and boarded the United States frigate "Chesapeake." The commander of the "Chesapeake," James Barron, was court martialed and convicted for not being prepared for action. Along with some others, this incident led to the War of 1812. Eight years after the war, Stephen Decatur, a judge in the court martial, was killed in a duel. The victor of the duel was James Barron.
    1808 – Zebulon Pike (d. 1813) reached the mountain summit that would be named for him.  As a US Army captain in 1806–1807, he led the Pike Expedition, sent out by President Thomas Jefferson to explore and document the southern portion of the Louisiana territory and to find the headwaters of the Red River, during which he recorded the discovery of what later was called Pikes Peak.
    1832 - John Ireland Howe of Derby, CT, obtained a patent for manufacturing pins. He exhibited it at the American Institute Fair in New York City, receiving a silver medal for his contribution to Manufacturing. He later founded the Howe Manufacturing Company and made improvements on his design. It was a great boon to the clothing industry, among others.
    1839 - Cherokee leaders Major Ridge, John Ridge, and Elias Boudinot were assassinated for signing the Treaty of New Echota, which had resulted in the Trail of Tears.  The treaty established terms under which the entire Cherokee Nation ceded its territory in the southeast and agreed to move west to the Indian Territory. Although the treaty was not approved by the Cherokee National Council nor signed by Principal Chief John Ross, it was amended and ratified by the US Senate in March, 1836.  The supporters of Ross, in teams ranging up to twenty-five in number, converged on the houses of John Ridge, Major Ridge, and Elias Boudinot and murdered them.
    1845 – Birthday of Tom Dula (d. 1868) in Wilkes County, NC.  A former Confederate soldier, he was convicted of murdering Laura Foster. National publicity from newspapers such as The New York Times turned Dula's story into a folk legend. Dula was tried, convicted, and hung. Considerable controversy surrounded the case and in subsequent years, a folk song was written (entitled “Tom Dooley,” based on the pronunciation in the local dialect), and The Kingston Trio recorded a hit version of the ballad in 1958.
    1846 – Adolphe Sax (1846-94) patented his invention – the saxophone. He had invented the instrument early in the decade, and by the time the patent was granted there were 14 different saxophones – seven designed for orchestras and seven for bands. The saxophones designed for bands are the ones in common use today.
    1847 – The doughnut with a hole was first invented in 1847 by American sea captain Hanson Crocket Gregory.  He claimed to have invented the ring-shaped doughnut in 1847 aboard a ship. Gregory was dissatisfied with the greasiness of doughnuts twisted into various shapes and with the raw center of regular doughnuts. He claimed to have punched a hole in the center of dough with the ship's tin pepper box, and later taught the technique to his mother.  Smithsonian magazine states that his mother, Elizabeth Gregory, "made a wicked deep-fried dough that cleverly used her son's spice cargo of nutmeg and cinnamon, along with lemon rind," and "put hazelnuts or walnuts in the center, where the dough might not cook through", and called the food doughnuts.
http://www.etni.org.il/challenge/challenge5.htm
    1850 - In San Francisco, a 500-pound grizzly bear was caught near the Mission Dolores.
    1868 – Arkansas was re-admitted to the Union.
    1870 – Congress created the Department of Justice.
    1870 – America’s first boardwalk was built, in Atlantic City.  In the mid-1800s, oceanside resorts and the railroads that provided transportation to them were enjoying a booming success, but they were also gritting their teeth against the problem of sand — it was everywhere! Finally, a solution was found to keep the sand at bay: a walkway made of boards that would lead from town to the beach, helping keep sand out of the tourists' shoes.
    1896 - Dr. Mary Stone (Shih Mai-Yu) graduated from the Medical School of the University of Michigan, Ann Arbor, MI, becoming the first Chinese woman physician. She founded the Women’s Hospital at Kiukiang, China, under the auspices of the Methodist Foreign Mission and served as its head for 25 years.
    1894 - Legendary magician and escape artist Harry Houdini married Wilhelmina Beatrice Rahne.  (Lower part of:  http://memory.loc.gov/ammem/today/jun22.html )
    1898 – Adm. Sampson begins amphibious landing near Santiago, Cuba. Lt. Col. Theodore Roosevelt and Col. Leonard Wood led the Rough Riders, a volunteer cavalry regiment, onto the beach at Daiquiri in the Spanish American War.
    1899 - Richard Gurley Drew (d.  1980) was born in St. Paul, MN.  He was an inventor who worked for Johnson and Johnson, Permacel Co., and 3M, where he invented masking tape and cellophane tape.
    1903 – Birthday of Ben Pollack (d. 1971) in Chicago.  Dixieland drummer, who owned a “pizza/beer/jazz” joint on Sunset Blvd in Hollywood, California, with a cover charge. When I was growing up, this was one of best hang outs as those under 18 could get in, and often, we had beer, although we were also not 21. Pollack was a “boom-chick-a-boom” drummer but played with some of the best and is mentioned in many Chicago jazz era books. Warren Luening, Jr. would sometimes sit in and play trumpet with the band. Pollack really liked his playing and it may have been one of the reasons we were always able to drink beer here.
    1903 – New York Giants Hall of Fame pitcher Carl Hubbell (d. 1988) was born in Carthage, MO.  Twice voted the NL’s MVP, a rarity for pitchers, Hubbell was inducted into the Hall in 1947. During 1936 and 1937, Hubbell set the Major League record for consecutive wins by a pitcher with 24. He is perhaps best remembered for his performance in the 1934 All-Star Game, when he struck out five of the game's great hitters and future Hall of Famers in succession: Babe Ruth, Lou Gehrig, Jimmie Foxx, Al Simmons, and Joe Cronin.
    1903 – John Dillinger (d. 1934) was born in Indianapolis.  His gang robbed twenty-four banks and four police stations.  In the heyday of the Depression-era outlaw (1933–1934), Dillinger was the most notorious of all. The government demanded federal action, and J. Edgar Hoover developed a more sophisticated FBI as a weapon against organized crime, using Dillinger and his gang as his campaign platform to launch the FBI.  Dillinger was gunned down by an FBI team outside a movie theater in Chicago.
    1910 – Dancer, anthropologist, humanitarian, philanthropist
Katherine Dunham (d. 2006) was born in Chicago, IL.
http://www.eslarp.uiuc.edu/kdunham/bio.htm
http://www.pbs.org/wnet/freetodance/biographies/dunham.html
    1912 - The Republican Party under President Theodore Roosevelt got into a bitter feud among the various factions of the party, starting out in the open with Roosevelt asking a faction to leave the convention, resulting in a split party.  This basically gave the election to Democratic candidate Woodrow Wilson, who was not that popular but won because of the Republican split.
http://www.canoe.ca/MusicHistoryAugust/home.html
    1912 – Ty Cobb was pinch hit for in an unusual scenario. With two outs in the 9th, and the Tigers down 11-3, Cobb was nowhere to be found and George Mullin substituted and flied out to end the game. It turns out Cobb was in the clubhouse showering.
    1915 – Subway service was launched in Brooklyn, the BMT for Brooklyn Motor Transit.
    1918 - A Michigan Central Railroad troop train, after several days shuttling soldiers to New York from Chicago, was deadheading back to the Midwest when it struck the rear of the Hagenback-Wallace Circus train. The circus trained has stopped to have its brake box overhauled in Ivanhoe, Indiana. Fifty-three circus performers were killed. Of the circus animals not killed outright, many that were crippled and maimed had to be destroyed by police officers. The performers, of who only three could be identified, were buried in a mass grave. The engineer, A.K. Sargent, who was accused of falling asleep at the throttle, was tried and acquitted.
    1919 - An F5 tornado struck the town of Fergus Falls, Minnesota. 59 people were killed and 400 buildings were destroyed. Lumber was carried for 10 miles and other debris were found 60 miles away.
    1930 – Babe Ruth tied a Major League record by hitting five homers in two games and six homers in three games. The Yankee outfielder hit three homers in the second game of the doubleheader yesterday, two homers in today's opener and one more in the nightcap.
    1932 - The National League club presidents finally approved players wearing numbers. The AL had started the practice in 1929.
    1933 - Birthday of Dianne Feinstein, born Dianne Emiel Goldman in San Francisco.   She is the U.S. Senator from California since 1992 and the former Mayor of San Francisco. In 1969, she became the first woman to be elected president of the San Francisco Board of Supervisors and then succeeded the murdered mayor George Moscone, serving 1978-88. She was defeated in a try for Governor of California and then was elected U.S. Senator in 1992.
    1936 - Singer, songwriter and actor Kris Kristofferson was born in Brownsville, Texas.   Kristofferson earned a Rhodes Scholarship to Oxford University, where he studied at Merton College. While at Oxford, he was awarded his Blue for boxing and began writing songs. With the help of his manager, Larry Parnes, he recorded for Top Rank Records under the name Kris Carson. His first success as a songwriter came when Roger Miller recorded "Me and Bobby McGee." That song was turned into a million-seller by Janis Joplin in 1971. And Sammi Smith sold a million with "Help Me Make It Through the Night," another Kristofferson song. By this time, Kristofferson had begun his career as a singer, and in 1972, his single, "The Silver-Tongued Devil and I," was certified gold. His other successes have included the single, "Why Me," and the albums "The Silver-Tongued Devil and I" and "Jesus Was a Capricorn." In 1985, Kristofferson, along with Johnny Cash, Waylon Jennings and Willie Nelson, recorded the hugely successful "Highwayman" single and album. There was a "Highwaymen Two" album in 1990 with the same cast.
    1937 - At Chicago’s Comiskey Park, Joe Louis won the World Heavyweight Championship title by knocking out James J. Braddock in the eighth round. Louis retained the title until his retirement in 1949.
    1938 - Exactly one year after the Braddock fight, Louis met Germany’s Max Schmeling, at New York City’s Yankee Stadium. Louis knocked out Schmeling in the first round.
http://www.ibhof.com/jlouis.htm
    1940 - During World War II, Adolf Hitler gained a stunning victory as France was forced to sign an armistice eight days after German forces overran Paris.
    1941 - Over 3 million German troops invaded Russia in three parallel offensives, in what is the most powerful invasion force in history.
    1942 - A Japanese submarine shelled Fort Stevens, Oregon, at the mouth of the Columbia River. In a plan, balloons were launched with bombs that landed in Oregon, but the military along with the news media never mentioned the fires or damaged that occurred.
    1944 - The GI Bill of Rights was signed by President Franklin D. Roosevelt. One of the most important governmental measures of the post-World War II era, the bill was designed to provide greater opportunities for returning war veterans. An important result of the bill was the training of almost 8 million veterans.
    1942 – The Pledge of Allegiance was formally adopted by Congress
    1945 - Howard Kaylan, one of the two lead singers of the Turtles, was born in New York City. The Turtles had hit singles with "It Ain't Me Babe" in 1965 and "Happy Together" and "She'd Rather Be With Me," both in 1967. Some members of the Turtles wanted the group to be more than a band that made hit singles. The resulting dissension led to the Turtles' breakup in 1968. Lead singers Howard Kaylan and Mark Volman joined the Mothers of Invention, and then embarked on a duo career as Flo and Eddie.
    1947 - 12 inches of rain fell in 42 minutes at Holt, Missouri, setting a new rainfall intensity world record. That record was tied on January 24-25, 1956, at the Kilauea Sugar Plantation in Hawaii, as their state record was established with 38 inches of rain in 24 hours.
    1947 – Ewell Blackwell just missed pitching back-to-back no-hitters when Eddie Stanky of the Brooklyn Dodgers singled with one out in the 9th inning. Blackwell won, 4-0, his ninth straight win, to improve to 11-2. Stanky's hit ended Blackwell's hitless-inning streak at 19. He had no-hit the Boston Braves on June 18th and won 16 consecutive games in 1947.  Cincinnati’s Johnny Vander Meer is the only Major League pitcher to throw consecutive no-hitters.
    1947 – One of the great basketball players, Pistol Pete Maravich (d. 1988), was born in Aliquippa, PA.  Maravich starred in college at LSU while playing for his father, head coach Press Maravich. He is the all-time NCAA Division I scorer with 3,667 points and an average of 44.2 points per game.   All of his accomplishments were achieved before the adoption of the three-point line and shot clock, and despite being unable to play varsity as a freshman under then-NCAA rules.  He played for three NBA teams until injuries forced his retirement in 1980 following a ten-year professional career.  One of the youngest players ever inducted into the Naismith Memorial Basketball Hall of Fame, Maravich was cited by the Hall as "perhaps the greatest creative offensive talent in history." In an April 2010 interview, Hall of Famer John Havlicek said that "the best ball-handler of all time was Pete Maravich." Maravich died suddenly at age 40 during a pick-up game due to a previously undetected heart defect.
    1949 - Top Hits
“Again” - Gordon Jenkins
“Some Enchanted Evening” - Perry Como
“Bali Ha’I” - Perry Como
“One Kiss Too Many” - Eddy Arnold
    1950 - Prominent figures in the music industry, including Leonard Bernstein, Aaron Copland, Lena Horne, Pete Seeger and Artie Shaw, were named publicly as suspected Communist sympathizers in the infamous publication, “Red Channels: The Report of Communist Influence in Radio and Television.”
    1957 - Top Hits
“Love Letters in the Sand” - Pat Boone
“Teddy Bear” - Elvis Presley
“I Like Your Kind of Love” - Andy Williams
“Four Walls” - Jim Reeves
    1959 - Eddie Lubanski bowled 24 consecutive strikes, that is two perfect games, back-to-back, in a bowling tournament in Miami, Florida.
    1959 - Chuck Berry's "Memphis" is released.
    1959 - Starting its fourth week at the top of the Tunedex was "The Battle of New Orleans" by Johnny Horton. The song spent six weeks at number one. It was Horton’s only number one record and million copy seller. He had other big hits with movie music like "Sink the Bismarck" and "North to Alaska" from the film by the same title, starring John Wayne. Horton, from Tyler, Texas, married Hank Williams' widow Billie Jean Jones. On November 5, 1960, Johnny Horton was killed in a car crash.
    1959 – The Dodgers’ Sandy Koufax fanned 16 Phillies to set a new record for a night game, winning, 6-2.
    1962 - St. Louis Cardinal Hall of Famer Stan Musial broke the late Ty Cobb's Major League record of 5,863 career total bases.
    1963 - "Fingertips - Pt 2," by Stevie Wonder, was released and became his first number one single on August 10th. From 1963 to 1987, Wonder had 46 hits on the pop and R&B music charts, eight of which made it to number one.
    1963 - The Sufaris' "Wipe Out" is released.  It spent four months on the Billboard Hot 100 chart in the autumn of 1963, reaching #2 to Stevie Wonder’s “Fingertips.”  The song returned to the Hot 100 in 1966, reaching #16 (and #63 for the year), and peaked at #9 on the Cash Box chart. 
    1963 – Phillies’ CF Tony Gonzalez played his 200th straight errorless game to help rookie Ray Culp beat Roger Craig and the Mets, 2-0.
    1964 - The United States Supreme Court voted that "Tropic of Cancer," Henry Miller’s controversial book, could not be banned.
    1965 - Top Hits
“I Can’t Help Myself” - The Four Tops
“Mr. Tambourine Man” - The Byrds
“For Your Love” - The Yardbirds
“Ribbon of Darkness” - Marty Robbins
    1968 - Mason Williams' "Classical Gas" is released.
    1968 - The Jeff Beck Group, with Rod Stewart and Ron Wood, made its US debut at the Fillmore East in New York City. Stewart was said to have had such a severe case of stage fright that he hid behind the speakers for the first couple of songs. The band, which had a major influence on the heavy metal groups that followed, broke up after two LPs and several North American tours.
    1969 - The Cuyahoga River caught fire in Cleveland, drawing national attention to water pollution, and spurring the passing of the Clean Water Act and the creation of the EPA.
    1969 – Singer/actor Judy Garland died at age 47.
    1970 - President Nixon signed the 26th amendment, lowering the voting age to 18
    1972 - Hurricane Agnes, a category 1 storm, made landfall near Apalachicola, Florida on the 19th, moved northeast, joined up with an upper level disturbance, and unloaded anywhere from 10 to 20 inches of rain across Maryland, Virginia, Pennsylvania, and New York during the period from the 20th to the 25th. Extreme flooding was the result -- the worst in U.S. history. A dike was breached at Wilkes-Barre, Pennsylvania and the resultant wall of water destroyed much of the city. Total damage was $3.5 billion and 122 lives were lost.
    1973 - Top Hits
“My Love” - Paul McCartney & Wings
“Playground in My Mind” - Clint Holmes
“I’m Gonna Love You Just a Little More Baby” - Barry White
“Kids Say the Darndest Things” - Tammy Wynette
    1976 – Randy Jones pitched the Padres to a 4-2 win over the Giants, and tied Christy Mathewson’s 63-year-old NL record by going 68 innings without issuing a base on balls. He received a standing ovation from the home crowd to end the 7th. His streak ended when he walked C Marc Hill leading off the 8th.
    1977 – Convicted Watergate conspirator and former Attorney General John Mitchell started a 19-month term in an Alabama Federal prison.
    1981 - John Lennon's murderer, Mark David Chapman, pleads guilty to his crime and is sentenced to 20 Years to Life in New York's Attica State prison. He has since been up for parole ten times and has been denied every time.
    1981 - A young woman from Lubbock, TX, was struck by lightning. The bolt of lightning struck just above her right shoulder near her neck and passed right to left through her body, tearing her warm-ups, causing her tennis shoes to explode, and lifting her two feet into the air.
    1981 - Top Hits
“Stars on 45 medley” - Stars on 45
“Sukiyaki” - A Taste of Honey
“A Woman Needs Love (Just like You Do)” - Ray Parker Jr. & Raydio
“But You Know I Love You” - Dolly Parton
    1984 - In a teary home plate ceremony before the Twins-White Sox game at the Metrodome, Calvin Griffith and his sister, Thelma Haynes, signed a letter of intent to sell their 52 percent ownership of the Twins to Minneapolis banker Carl Pohlad for $32 million. Griffith and his sister had been involved with the franchise since 1922, when they were adopted by Clark Griffith, then owner of the Washington Senators. Griffith had moved the Senators, a charter American League franchise, to Minneapolis in 1960
    1985 - "People" magazine took count of the deaths in Sylvester Stallone’s "Rambo" movie, finding that 44 people directly killed. Those at "People" figured out this was an average of one person dying every 2.1 minutes. There were also 70 explosions that killed an uncountable number of people.
    1987 - Thunderstorms in southern Texas produced wind gusts to 116 mph near Quemado. Thunderstorms in New York State produced 5.01 inches of rain in 24 hours at Buffalo, an all-time record for that location, and produced an inch of rain at Bath, PA. The temperature at Fairbanks, AK soared to 92 degrees, establishing a record for the date.
    1988 - Sixty-five cities in twenty-four states reported record high temperatures for the date. Tucson, AZ reported an all-time record high of 114 degrees, surpassing the previous record of 112 degrees established a day earlier. Highs of 98 degrees at Pittsburgh, PA, and 100 degrees at Baltimore, MD, tied records for the month of June.
    1989 - White Sox C Carlton Fisk surpasses Yogi Berra as the American League leader for career home runs by a catcher as his 307th home run helps to beat the Yanks, 7-3.  But Yogi has 10 rings, Fisk has none.  Subsequently, Mike Piazza passed Fisk and holds the MLB record for HRs by a catcher with 427.
    1989 - Top Hits
“I’ll Be Loving You (Forever)” - New Kids on the Block
“Satisfied” - Richard Marx
“Buffalo Stance” - Neneh Cherry
“Love Out Loud” - Earl Thomas Conley
    1990 - The last-place Atlanta Braves fired manager Russ Nixon and replaced him with GM Bobby Cox, who last managed Toronto in 1985. Good move. Cox led the Braves to a dramatic worst-to-first turnaround, the first of its kind in the National League. In the World Series, his team lost to the (also) resurgent Minnesota Twins. Cox was name AP Manager of the Year (the first manager to be so named in both leagues) and repeated in 2004 and 2005. He led the Braves to a division title every season from 1991 to 2005, excluding the strike-shortened 1994 season. Those division titles also let to NL pennants, except for 1993 and 1997, and the Braves won their only World Series under Cox in 1995.  Cox has the fourth highest win total of any manager in MLB history and he was inducted into the Baseball Hall of Fame in 2014 with contemporaries Joe Torre and Tony LaRussa.
    1993 – White Sox C Carlton Fisk passed Bob Boone catching his 2,226th game to become the all-time leader.
    1993 - New York Met Anthony Young tied the record with his 23rd straight loss.
    1998 - CompUSA announced that it was buying Computer City from Tandy for $275 million. Tandy was selling the sickly chain as part of a turnaround it had started the previous year. Tandy president Leonard Roberts said, “Computer City was a losing operation for the company. The sale will allow us to completely focus on Radio Shack at a time when profits are at an all-time high.”  Radio Shack filed under Chapter XI in 2014 and is being liquidated.
    1990 - Billy Joel became the first rock artist to perform at Yankee Stadium.  Attendance was in excess of 60,000.
    1994 - Ken Griffey, Jr. broke Babe Ruth's record for most home runs by end of June (31).
    2001 - Returning to the Major Leagues after a stint with Newark Bears of the independent Atlantic League, Jose Canseco starts as the designated hitter for the White Sox. The former All Star, who has 446 career home runs (23rd all time), didn't get any offers after being released by the Angels in the spring.
    2002 – Darryl Kile (1968-2002) died.  A pitcher for the St. Louis Cardinals who won 20 games in 2000, Kile died of undetected coronary disease in Chicago, where he and the Cardinals were staying for a weekend series against the Cubs.
    2003 - In the 13th inning at Veterans' Stadium, pinch-hitter Todd Pratt hits a two-run homer giving the Phillies a walk-off 6-5 victory over the Red Sox. Boston's shortstop Nomar Garciaparra's club tying record 6-for-6 (all singles) performance could not prevent the bullpen from blowing three late leads; 2-1 in the 8th (Thome's HR ties it), 3-2 in 12th (Thome's second HR ties it).
    2006 - California and the rest of the West Coast got hit by a big heat wave. For three days it has been over 100 degrees in the shade.  It was 104 degrees at Los Gatos, California. The air conditioning could not keep up and when the office hit 83 degrees at 3pm, Leasing News closed up and all went home for a cool one.
    2009 – Eastman Kodak announced that it will discontinue sales of the Kodachrome Color Film, concluding its 74-year run as a photography icon.
    2009 - A DC Metro train, traveling southbound at the Fort Totten Station in suburban Maryland, collided into another train sitting in the station. Nine people were killed in the collision (eight passengers and the train operator) and at least 80 others were injured.
    2009 – Donald Fehr announced his retirement as head of the MLB Players Association after 25 years. He was in charge during the 1994 strike that cancelled the World Series, the rampant use of PEDs that he protected under the cover of player privacy, and the relative labor peace that followed. His resignation was effective in March, 2010.
    2011 – After 16 years in hiding, Boston mobster Whitey Bulger was arrested outside an apartment in Santa Monica, CA.  Federal prosecutors indicted Bulger for nineteen murders. On December 23, 1994, Bulger fled the Boston area and went into hiding after his former FBI handler, John Connolly, tipped him off about a pending RICO indictment against him. Although adamantly denied by Bulger, the FBI admitted that he served as an informant for several years starting in 1975.   Bulger provided information about the inner workings of the Patriarca crime family, his Mafia rivals based in Rhode Island. In return, Connolly, as Bulger's FBI handler, ensured that the Winter Hill Gang effectively went ignored.  Beginning in 1997, the news media exposed various criminal misconduct by officials tied to Bulger from federal, state, and local law enforcement. This caused great embarrassment to each of these agencies, but none more so than the FBI.  Bulger was added to the FBI's Ten Most Wanted list in 1999 and was considered the most wanted person on the list behind Osama bin Laden.   He was finally apprehended along with his longtime girlfriend Catherine Greig outside an apartment complex in Santa Monica. By then he was 81 years old.  Bulger and Greig were then promptly extradited to Boston and taken under heavy guard to the US Courthouse, which had to be partially closed for their arrival. In June 2012, Greig pleaded guilty to conspiracy to harbor a fugitive, identity fraud, and conspiracy to commit identity fraud, receiving a sentence of eight years in prison. Bulger declined to seek bail and remained in custody.  Bulger's trial began on June 12, 2013. He was tried on 32 counts including complicity in nineteen murders.  On August 12, Bulger was found guilty on 31 counts and was found to have been involved in eleven murders.  On November 14, he received two consecutive life sentences plus five years for his crimes and he was incarcerated in federal prison in Florida.
    2015 – South Carolina governor Nikki Haley calls for the removal of the Confederate flag from statehouse grounds in wake of killings in a Charleston church.

NBA Champions:
    1994 - Houston Rockets