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Beige Book - June 1, 2022  FDIC
  Continued Economic Growth

Overall Economic Activity

All twelve Federal Reserve Districts have reported continued economic growth since the prior Beige Book period, with a majority indicating slight or modest growth; four Districts indicated moderate growth.

• Contacts in most Districts reported ongoing growth in manufacturing. Retail contacts noted some softening as consumers faced higher prices, and residential real estate contacts observed weakness as buyers faced high prices and rising interest rates.

• Contacts tended to cite labor market difficulties as their greatest challenge, followed by supply chain disruptions. Rising interest rates, general inflation, the Russian invasion of Ukraine, and disruptions from COVID-19 cases (especially in the Northeast) round out the key concerns impacting household and business plans.

• Eight Districts reported that expectations of future growth among their contacts had diminished; contacts in three Districts specifically expressed concerns about a recession.

• Four Districts explicitly noted that the pace of growth had slowed since the prior period.

 Full Report in 12 Districts Reports:
https://www.federalreserve.gov/monetarypolicy/beigebook202206.htm

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New Hires/Promotions in the Leasing Business
and Related Industries

Phil Crawford was promoted to Principal, ZRG Partners, LLC, New Rochelle, New Jersey.  He is located in Greater Cleveland. He joined the firm May, 2021, as Senior Managing Consultant. https://www.linkedin.com/in/phil-crawford/

Zayd Elmufdi was hired as Commercial Portfolio Manager, Wells Fargo Commodity Finance.
https://www.linkedin.com/in/zayd-elmufdi-21345a58/

Doug Gregory was hired as Vice President, Provident Commercial Finance, Chattanooga, Tennessee. He is located in Humble, Texas. Previously, he was Chief Credit Officer, Flexible Funding (August, 2021 - May, 2022); President, Third Coast Commercial Capital Inc. (August, 2015 - August, 2021); President, Security Business Capital (September, 2011 - March, 2015).
https://www.linkedin.com/in/doug-gregory-cce-3b9bb86/

Jaimie Haver, CLFP was hired as Senior Vice President and Director of Contract Operations, Orion First, Gig Harbor, Washington. She is located in Tustin, California. Previously, she was Chief Enthusiasm Officer, Happy Manufacturing (June, 2021 - May, 2022); SVP Operations, Commercial Finance Group, Hanmi Bank (October, 2016 - June, 2021).
https://www.linkedin.com/in/jaimie-haver-a0405b1b/

Nora (Clark) Nere was promoted to Executive Vice President, Innovative Lease Services, Carlsbad, California. She joined the company May, 1998, Vice President Operations. https://www.linkedin.com/in/nora-nere-9355b120/

Lisa Threston was hired as Business Development Representative, Navitas Credit Corporation, Mount Laurel, New Jersey. Previously, she was Sales Development Representative, Marlin Capital Solutions (May 2019 – April, 2022).
https://www.linkedin.com/in/lisa-threston-65b90a158/

Mark Windeknecht was promoted to Credit Analyst IV/Large Transactions Analyst, GreatAmerica Financial Services, Cedar Rapids, Iowa. He joined GreatAmerica August, 2013, as Credit Analyst I, promoted February, 2015, Credit Analyst II/ Credit Operations, promoted August, 2017, Credit Analyst III, Large Transactions Analyst. https://www.linkedin.com/in/mark-windeknecht-8b24a342/details/experience/

Kevin Young was hired at Associate Financial Analyst, Dext Capital, Lake Oswego, Oregon.
https://www.linkedin.com/in/young--kevin/

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Help Wanted Ads

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Defending Your Turf

Sales Makes it Happen by Scott Wheeler, CLFP

Originators in the commercial equipment finance and leasing industry are fully engaged with their key accounts. They have more than a casual relationship with their end-users and vendors. The commercial equipment finance and leasing industry is evolving quickly; relationships are constantly changing. The best means of protecting your database and defending your turf is to be in constant contact with your vendors and end-users.

An originator recently complained that one of his past end-users (that he had funded a transaction for just over a year prior) had submitted an application through one of his company's third party origination partners. The originator wanted credit for the new transaction. I asked the following questions:

• When was the last time you spoke with this existing end-user? His response: over 9 months ago.
• Was the originator aware of the transaction before the transaction was submitted by the TPO? His response:  No.
  
• Was the vendor on the new transaction one of his active vendors? His response: No.
• Could the originator point to any activities which he had completed within the last 6 months that caused this transaction to be submitted into his company? His response: No.

I explained that it was my opinion that he deserved no credit for this new transaction. I then asked the most important question:

How could the originator protect his turf and ensure that a similar situation did not occur in the future?

The originator admitted that he had allowed this existing client to fall through the cracks. If an originator wants to protect his turf, he needs to be in contact with existing clients and pursue new transactions on a regular basis. Out of sight - out of mind. In today's competitive environment, past clients do not need to seek you out when there are alternatives readily available 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

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

Mortgage App Volume Falls to Four-Year Low
Reports Mortgage Bankers Association

With rates still in excess of the 5% mark, mortgage application volume has trended downward yet another week, as the Mortgage Bankers Association (MBA) reports application volume falling 2.3% week-over-week (for the week ending May 27, 2022).

The MBA’s Refinance Index decreased 5% from the previous week, yet was 75% lower than the same week just one year ago. The seasonally adjusted Purchase Index decreased 1% from one week earlier. The unadjusted Purchase Index decreased 2% compared to the previous week, and was 14% lower than the same week one year ago.

MBA’s Associate VP of Economic and Industry Forecasting Joel Kan, said, “Mortgage rates fell for the fourth time in five weeks, as concerns of weaker economic growth and the recent stock market sell-off drove Treasury yields lower.

 “Purchase applications last week were 14% lower than last year, with more activity in the larger loan sizes. Demand is high at the upper end of the market, and supply and affordability challenges are not as detrimental to these borrowers as they are to first-time buyers.”

Last week, Freddie Mac reported the 30-year fixed-rate mortgage (FRM) falling to 5.10%, down from 5:25% the previous week.

Source: MReport.com

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

ELFA Members Advocate for Equipment Finance
in Washington, DC, a Major Success

(Left to Right) Dominic Liberatore, DLL; Chelsey Barron, LEAF Commercial Capital Inc.; Paul Tyczkowski, LEAF Commercial Capital Inc.; Susan Carol, Susan Carol Creative; and Justin Tabone, TIAA Bank.

More than 125 ELFA members gathered on Capitol Hill on May 25 for Capitol Connections, the equipment finance industry’s biggest advocacy event of the year. Board Chair Mike DiCecco kicked off the program by highlighting its importance.

Board Chairman DiCecco, said, “I would like to welcome you all back to the first in-person Capitol Connections since 2019.

“Capitol Connections is a unique event for ELFA… singularly focused on supporting the equipment leasing and finance industry to achieve a better public policy playing field.”

Capitol Connections is designed to educate members of Congress and select Administration officials about the nearly $1 trillion equipment finance industry’s role as a major source of capital and investment in the United States, and to positively influence federal policymakers who set the legislative and regulatory framework for the industry.

New this year, the event featured a “hybrid” mix of in-person and virtual meetings with lawmakers from around the nation. Members met with approximately 150 Senate and House offices.

Advocacy Award

Speakers

(Pictured L-R: Petta, Cross and DiCecco)

DiCecco and ELFA President and CEO Ralph Petta presented the David H. Fenig Distinguished Service in Advocacy Award to Chuck Cross, Senior Lead Counsel at Wells Fargo. Cross was recognized for his extraordinary contributions to ELFA's state advocacy program, particularly on the critical issue of state financial disclosure requirements, in addition to numerous other contributions.

In addition to advocating for the industry, attendees heard from several keynote speakers:

Sen. Mike Rounds of South Dakota addressed the opening breakfast.

After a busy morning of in-person and virtual meetings with congressional offices, attendees convened for a luncheon featuring speaker Alan Ellison of the CFPB, who discussed Section 1071 of the Dodd Frank Act, which will create a data collection and reporting requirement for small business lending.

Political commentator and author Chris Stirewalt (pictured below) shared an entertaining analysis of the current political climate during the closing dinner.

LeasePAC Recognition

At the evening LeasePAC reception, LeasePAC Chair Kirk Phillips recognized a number of individuals and companies for their contributions to the association’s political action committee (some of those members are pictured below)

Many thanks to everyone who attended Capitol Connections and helped advance ELFA's advocacy priorities on behalf of the equipment finance industry.

Author: Amy Vogt
avogt@elfaonline.org
ELFA Vice President
Communications and Marketing

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

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

OnDeck Announces New Strategic Partnership Initiatives
to Increase Small Business Equal Access to Working Capital

OnDeck is teaming up with SoFi and LendingTree to provide more options for small businesses seeking funding

CHICAGO,  -- OnDeck, part of Enova,  announced a growing list of strategic partnerships, including SoFi Technologies, Inc. ("SoFi") and LendingTree, specifically aimed at helping small businesses around the country. These partnerships bring together best-in-class digital lending products and FinTech offerings with OnDeck's Artificial Intelligence (AI) and Machine Learning (ML) expertise, giving small businesses more options for obtaining effortless access to working capital that supports their growth.

Jim Granat, senior vice president of Enova and co-head of OnDeck, said, "For small businesses striving to grow, simple and fast access to working capital remains one of the most significant barriers, especially for businesses banks often overlook.

As we continue to enhance and expand our online lending offerings to support the backbone of our country—U.S. small businesses—we are focused on leveraging our ML and AI and deepening our strategic partner channels to meet small businesses where they are and drive a more effortless funding experience."

OnDeck, the largest online small business lender in America, has led the industry in its effort to increase access to financing for small businesses and has issued more than $14 billion in capital. Together with its strategic partners, OnDeck is enabling small business owners to more easily find and apply for the best loan options for them, whether through an online marketplace, website, or app. As leaders in the FinTech and financial services space, OnDeck, SoFi and LendingTree are well-positioned to continue to grow market share and win.

"Since Enova acquired OnDeck in 2020, OnDeck Co-Head Cory Kampfer and I have been focused on delivering a faster and easier experience for small businesses seeking financing online," added Granat. "We hope to develop and continue to innovate with strategic partners to deliver instant underwriting and an effortless customer experience from end to end – and to become the go-to-choice on embedded financing options for partners in the future."

More information on OnDeck's small business financing options can be found at www.OnDeck.com.

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

Watch at Home:
by Fernando Croce

Splashy comedy (“The Girl Can’t Help It”), satirical fantasy (“Miracle in Milan”), sexy romance (“Mississippi Masala”), emotional drama (“Round Midnight”) and paranoid suspense (“Mr. Klein”) make for a clash of light and darkness in Criterion’s newest batch of releases.

The Girl Can’t Help It (Frank Tashlin, 1956): A former animator, Frank Tashlin brought unabashed zaniness to his movies, which have become acclaimed for their gleeful skewering of American obsessions in the 1950s. In this, arguably his most famous work, he serves up an irresistible bonanza of rock ‘n’ roll, buxom blondes, and splashy Cinemascope colors. The girl of the title is Jerri Jordan (Jayne Mansfield), the mistress of gangland kingpin “Fats” Murdock. Determined to turn her into a singing sensation, he hires has-been talent agent Tom Miller (Tom Ewell) to groom the would-be chanteuse, who’s got a voice that can literally shatter glass. Full of priceless performances by rock ‘n’ roll legends (including Little Richard, Fats Domino, and The Platters), the film remains an exhilarating blast.

Miracle in Milan (Vittorio De Sica, 1951): Though best known to cinema students for such neorealist classics as “Bicycle Thieves” and “Umberto D.,” Italian director Vittorio De Sica had a fanciful streak that also embraced comedic fables. Such is the case for this playful fantasy, which delightfully seasons his interested in the quotidian with wild whimsy. Set in a shantytown in Milan, the story follows Toto (Francesco Golisano), an orphan who finds himself the leader of the vagabond community when oil is found and greedy businessmen develop an interest in their land. Together with his sweetheart (Brunella Bovo), and with a sprinkle of magic, he stands up to injustice. At once satirical and starry-eyed, De Sica’s celestial lark is an irrepressible bolt of positive energy. With subtitles.

Mississippi Masala (Mira Nair, 1991): Denzel Washington gets a chance to display his underrated romantic side in this sweet and tangy comedy-drama from Indian filmmaker Mira Nair (“Salaam Bombay”). Washington stars as Demetrius, a small-time Mississippi business owner who falls for Mina (Sarita Choudhury), the gorgeous daughter of a family of Ugandan immigrants. Their love meets resistance from the respective families, however, who believe that cultural barriers are too strong to be overcome. Undaunted, the two lovers continue to see each other while Mina’s father Jay (Roshan Seth) pursues his own dream of returning to his country. With a light touch and abundant humor, Nair’s seductive film paints a passionate portrait of emotion overcoming prejudice, featuring in Washington and Choudhury a couple that brims with vibrant sexiness.

Mr. Klein (Joseph Losey, 1976): Always a subversive filmmaker, Joseph Losey (“The Servant”) delivered a late-career dark gem with this intense drama, set in Nazi-occupied France. The eponymous protagonist (superbly played by Alain Delon) is an art dealer who, keeping his politics conveniently neutral, uses the persecution of Jewish painters to take advantage of their work. He leads a plush life in Paris, but things take a sharp turn when he’s mistaken for a Jewish man also named Mr. Klein. Trying, with increasing desperation, to track down his supposed double, he is forced to step outside of his privileged circle and witness the horrors around him. Made with probing style and merciless rigor, this unforgettable film pulls together many of Losey’s themes of identity, persecution and paranoia. With subtitles.

Round Midnight (Bertrand Tavernier, 1986): French director Bertrand Tavernier’s love of jazz is evident in this moody, affecting snapshot of connections made across racial, national, and generational divides. Real-life veteran saxophonist Dexter Gordon stars as Dale, a struggling New York musician who, dealing with failure and alcoholism, tries to start anew in Paris. There, he befriends a divorced young architect named Francis (François Cluzet), who idolizes the older man and tries to help him overcome his addictions. As their bond grows stronger, both men try to mend his relationship with their estranged daughters, even as Dale’s disease reminds them that time is running out. Atmospheric, offbeat, and powerful, the film offers a heady harmony of French and American sensibilities. Keep an eye out for fellow director Martin Scorsese in a supporting role.

Hound/Mixed
Washington, DC  Adopt-a-Dog

Easter

ID #22-0063
Female
13 Months Old
38 lbs.
Good with Dogs
Not tested with: Cats, Kids

Hi, I'm Easter! The nice folks at RDR will update my profile when they learn more about me.   I can't wait to find a forever home where I can share all the love I've got to give! 

Adoption Application:  http://bit.ly/adoptrdr

Foster Application: http://bit.ly/fosterapprdr

Adoption Process: In order to adopt, we require an adoption application. After you submit an application, if you pass the screening, we will contact you to schedule a phone interview. We will call your references, including your veterinarian and landlord (when appropriate). We will also conduct a home visit. After these steps are complete, you will be approved to adopt a dog. Please note this process takes 1-2 weeks so applications submitted when you are ready to bring a dog home within that time frame. You can meet our adoptable dogs at events, however, we cannot guarantee that dogs at events do not have pre-approved applicants meeting them there as well, so the application is the best way to start the process.

Rural Dog Rescue
733 8th Street SE
Washington, DC 20003
info@ruraldogrescue.com
http://www.ruraldogrescue.com

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Austin Hope Cabernet Sauvignon 2020
Paso Robles, California
By Kevan R. Wilkinson, Leasing News Wine Reviewer

While my goal as wine reviewer is to find inexpensive wines that taste like expensive wines, here is a medium-priced wine that certainly tastes like a very expensive wine.

Yes, the hits from Paso Robles just keep coming. The Austin Hope Cabernet Sauvignon 2020 is yet another wine that is helping solidify Paso Robles as the next great wine destination from California.
I hesitated to review this wine because it costs more than the value-priced wines that I enjoy, but it is such a great find that I wanted to get the word out.

My wife Ana and I opened a bottle of Austin Hope Cabernet Sauvignon 2020 and could not believe how amazing it was. It is a full-bodied powerhouse with a dark, inky color and a powerful mix of ripe fruit, black cherry and plum, caramel, and brown sugar.

The oaky, spice-enhanced enhanced finish is just about perfect; it is silky smooth and seems to last forever. It's a top-flight cabernet that wineries in other wine regions, Napa Valley included, would love to have in their tasting rooms.

Please look online for the best deal, as prices for Austin Hope Cabernet Sauvignon 2020 range from $39 to $50 a bottle. I bought a bottle at Pavilions, and my in-laws bought a few bottles at Costco.
Please let me know if you agree or disagree with me on this excellent
medium-priced wine.

Kevan R. Wilkinson | Digital Content Manager | BALBOA CAPITAL | kevanrw@balboacapital.com| www.balboacapital.com

Previous Wine Reviews
https://leasingnews.org/Pages/wine_reviews.html

 

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Attorneys Who Specialize in
Banking, Finance, and Leasing

Kenneth C. Greene California Leasing and Financial consultant, active in several leasing associations, as well as involved in music and film production in LA.  Mention "Leasing News" for a free consultation. 818.575.9095 Skype: 424.235.1658 ken@kengreenelaw.com	Connecticut, Southern New England: EVANS, FELDMAN & ASSOCIATES, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Competitive rates. email: rcfeldman@EFandA-law.com https://efandalaw.com/richard-feldman/
Los Angeles/Santa Monica Hemar & Associates, Attorneys at Law Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. Tel: 310-829-1948 email: phemar@hemar.com	David G. Mayer Partner, Dallas, Texas Schackelford, Bowen, McKinley & Norton 9201 N. Central Expressway Fourth Floor Dallas, Texas 75231 Telephone: (214) 780-1400 http://shackelfordlaw.net/attorneys/david-g-mayer/
Los Angeles, Southern CA Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605 or email: vvf@pacbell.net.	Encino, California: Statewide “ELFA” Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigation, debt collection, and bankruptcy. Call Stephen E. Jenkins Esq (818) 501-3800
Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net	Los Angeles, Statewide: CA      "ELFA" Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com
	California & National Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. (562) 426-1000 www.paulbent.attorney pbent@paulbent.attorney
Illinois Kevin E. Trabaris: Concentrates his practice in the areas of commercial finance, corporate and business transactions. Extensive experience representing banks, financial companies, equipment lessors, insurers and other funding and intermediary entities and borrowers in connection with thousands of business financing matters. He has handled everything from small ticket transactions to billion dollar syndicated loans, real estate financing to asset-based facilities. Email:  ktrabaris@culhanemeadows.com Telephone:  847-840-4687 www.culhanemeadows.com	Massachusetts Joseph G. Bonanno, Esq., CLFP.  Transactional/Documentation. Past special industry consultant to The World Bank,  industry expert witness in litigation, appointed to Governor’s Counsel to adopt Articles 2A and 9 in Massachusetts, MA continuing legal education co-instructor,  past (5) Term Certified Leasing and Finance Professional Board Member, CLFP review instructor, numerous authored and co-authored published articles and conducting educational seminars. (781) 328-1010; law@jgbesq.com
	New York Sloan Schickler, Esq. Counsel to the National Vehicle Leasing Association. Accomplished counsel in lease-finance; installment sales; dealer floor plan finance; portfolio sales, acquisition and foreclosure; syndicated revolving credit facilities; asset securitization; corporate structuring and governance; regulatory licensing and compliance. Clients have included major commercial banks, financial institutions, investment banks, captive finance companies, leasing companies, auto manufacturers and auto dealerships. sloan.schickler@schicklerlaw.com Direct Dial: 212-262-6400.
New York, New Jersey, Pennsylvania SCHICKLER KAYE LLP, is an experienced firm representing vehicle and equipment creditors and debtors in lease-finance, installment sales, dealer floor plan finance, portfolio sales, acquisition and foreclosure, syndicated revolving credit facilities, asset securitization, corporate structuring and  regulatory licensing and compliance. Clients have included major commercial banks, financial institutions, investment banks, captive finance companies, leasing companies, auto manufacturers and auto dealerships. Sloan Schickler, Esq. sschickler@skfinancelaw.com Edward P. Kaye, Esq. ekaye@skfinancelaw.com 212-262-6400 www.skfinancelaw.com	New Jersey/New York Robert L. Hornby Chair, Equipment Leasing & Finance CSG Attorneys at Law Chiesa Shahinian & Giantomasi PC One Boland Drive | West Orange, NJ 07052 11 Times Square, 31st Floor | New York, NY 10036 973.530.2032 973.530.2232 fax rhornby@csglaw.com
St. Louis County , MO. - statewide: Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. Ronald J. Eisenberg, Esq. (636) 537-4645 x108 reisenberg@sl-lawyers.com www.sl-lawyers.com	NJ, De, Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PA sscuteri@capehart.com / www.capehart.com
New York and New Jersey Frank Peretore Chiesa Shahinian & Giantomasi West Orange, New Jersey http://www.csglaw.com/ biographies/frank-peretore Phone 973-530-2058 fperetore@csglaw.com Documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy. Aggressive. Over 30 years experience.	Thousand Oaks, California: Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation. Nick Iezza 805-777-1175 niezza@spiwakandiezza.co

 

 

News Briefs---

U.S. labor market stays strong;
    unemployment rolls smallest since 1969
https://www.reuters.com/markets/us/us-jobless-claims-drop-layoffs-fall-may-2022-06-02/

Retailers are overstocked in 2022 and that's good for you
Costco's inventory is up 26%, and The Gap's is up 34%.
https://www.sfgate.com/shopping/article/retailers-overstock-sale-upcoming-17212544.php?IPID=SFGate-HP-Shopping-Main

Constellation’s $4 billion bet on Canopy Growth,
   Canada’s biggest marijuana Producer   
https://www.thedrinksbusiness.com/2022/05/constellations-4-billion-bet-on-canopy-growth-corp-in-the-balance/

Restaurants Add New Fees to Your Check to Counter Inflation
    Checks chock-full of fees for everything from ‘kitchen appreciation’ to ‘wellness’ 
https://www.wsj.com/articles/waiter-theres-a-fee-in-my-soup-11654139870?st=99lx78so0qsek6k&reflink=desktopwebshare_permalink

Jamie Dimon Says U.S. Consumers Still Have Six to Nine Months of Spending Power
    JPMorgan CEO warns an economic ‘hurricane’ still looms
https://www.wsj.com/articles/jamie-dimon-says-u-s-consumers-still-have-six-to-nine-months-of-spending-power-11654102800?st=3sppig6fhsxo1bk&reflink=desktopwebshare_permalink

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You May Have Missed---

UC study finds affordable homes don’t increase
crime or dent property values
https://www.mercurynews.com/2022/06/02/uci-study-finds-affordable-homes-dont-dent-oc-property-values-or-increase-crime/

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Sports Briefs---

Lakers' LeBron James Becomes Billionaire;
    1st Active NBA Player Ever to Hit Milestone
https://bleacherreport.com/articles/10037454-lakers-lebron-james-becomes-billionaire-1st-active-nba-player-ever-to-hit-milestone

Nike founder Phil Knight and L.A. Dodgers co-owner Alan Smolinisky make a $2 billion + offer to purchase Portland Trail Blazers
https://www.oregonlive.com/blazers/2022/06/nike-founder-phil-knight-and-la-dodgers-owner-alan-smolinisky-have-made-a-2-billion-plus-offer-to-purchase-trail-blazers-report.html

49ers sign Drake Jackson to 4-year, $5.8 million
contract; Danny Gray signs as well
https://www.ninersnation.com/2022/6/2/23152115/49ers-news-sign-drake-jackson

NFL quarterbacks Tom Brady and Aaron Rodgers team to
defeat Patrick Mahomes and Josh Allen in exhibition golf match
https://www.espn.com/golf/story/_/id/34022480/nfl-quarterbacks-tom-brady-aaron-rodgers-team-defeat-patrick-mahomes-josh-allen-exhibition-golf-match

Frank Gore, NFL's No. 3 all-time rusher,
retiring on one-day contract with 49ers
https://www.theredzone.org/Blog-Description/EntryId/23241/Frank-Gore--NFL-s-No--3-all-time-rusher--retiring-on-one-day-contract-with-49ers

Gabe Kapler, Steve Kerr don't pay price that
Colin Kaepernick paid for speaking out | Opinion
https://www.usatoday.com/story/sports/nfl/columnist/bell/2022/06/02/gabe-kapler-national-anthem-protest-colin-kaepernick-san-francisco/7489684001/?gnt-cfr=1

Kyler Murray rejoins Cardinals for OTAs amid contract dispute
https://www.usatoday.com/story/sports/nfl/cardinals/2022/06/01/kyler-murray-rejoins-arizona-cardinals-otas/7471360001/Frank Gore, NFL's No. 3 all-time rusher, retiring on one-day contract with 49ers

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California Nuts Briefs---

U.S. to forgive $5.8 billion in loans for students
    at California's Corinthian Colleges
https://www.latimes.com/politics/story/2022-06-01/kamala-harris-to-announce-debt-relief-for-corinthian-colleges?utm_id=57050&sfmc_id=1646692

S.F. Mayor Breed’s $14 billion budget would pump money
into law enforcement, filling police ranks
https://www.sfchronicle.com/sf/article/S-F-Mayor-Breed-s-14-billion-budget-would-17212579

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"Gimme that wine"

UC Davis to Build New, $5.25M Greenhouse
    to Protect U.S. Grapevine Collection
https://www.winebusiness.com/news/article/259347

A Seamless Transition at Merry Edwards
https://www.winespectator.com/articles/a-seamless-transition-at-merry-edwards

One Florida Winery Has Produced
The Very First Avocado Wine
https://www.tastingtable.com/881870/one-florida-winery-has-produced-the-very-first-avocado-wine/

A Vineyard’s Comeback, 200 Years in the Making
By Eric Asimov
https://www.nytimes.com/2022/06/02/dining/drinks/burgundy-clos-de-la-perriere-domaine-joliet.html?action=click&module=Well&pgtype=Homepage&section=Food

Capitello Wines is flying high in Eugene
https://www.oregonlive.com/wine/2022/06/capitello-wines-is-flying-high-in-eugene.html

“Gimme that Wine”
http://www.youtube.com/watch?v=EJnQoi8DSE8

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

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

US/International Wine Events
http://www.localwineevents.com/

This Day in History

     1498 - Christopher Columbus left on his third voyage to the New World.
    1639 – The Massachusetts Bay colony granted 500 acres at Pecoit to Edward Rawson for the establishment of a gunpowder mill.  The enterprise failed, as did various other attempts.  It was not until 1675, at Milton on the Neponset River, that a successful gunpowder mill remained a going concern.
    1712 - The Pennsylvania Assembly banned the importation of slaves.
    1716 - The first slaves arrived in Louisiana.
    1755 - Birthday of Nathan Hale (d. 1776), Coventry, CT. The American Patriot was caught behind lines gathering troop movements by British General William Howe, who ordered him to be hung in the morning, as he was a spy. His alleged last words have become a symbol of American Patriotism: “I only regret that I have but one life to lose for my country." They were attributed to a news story printed in the 19th century, and were not heard by contemporaries of his time, nor commented upon.  A 1777 newspaper article reported Hale as saying that “if he had ten thousand lives, he would lay them all down, if called to it, in defense of his injured, bleeding country.''  Four years later, another newspaper story quoted Hale's last words as: “…my only regret is, that I have not more lives than one to offer in its service.'' Hull's 1848 memoirs give us the pithier version we know today: “I only regret that I have but one life to lose for my country.'' According to Captain Frederick Mackenzie, a British officer who witnessed Hale's death, “he may have been young and courageous, but he never said these words.”  According to Mackenzie's diary, he wrote that Hale's last words were: “It is the duty of every good officer to obey any orders given him by his commander-in-chief.”  James A. Barnes, “Myths of the Bryan Campaign,” Mississippi Valley Historical Review (1947). Also see: 
http://www.lihistory.com/4/hs413a.htm
    1756 - Birthday of American painter John Trumbull (d. 1843), Lebanon, Conn. He was notable for his historical paintings. His ‘Declaration of Independence’ (1817) was used on the reverse of the two-dollar bill. 
lower half of:  http://memory.loc.gov/ammem/today/jun06.html
    1769 - Daniel Boone first began to explore the present-day Kentucky.
    1775 - The United Colonies changed their name to United States.
    1776 - Richard Henry Lee of Virginia proposed to the Continental Congress the resolution calling for a Declaration of Independence: that "these United Colonies are, and of right ought to be, free and independent States..." Congress delayed the vote on the resolution until July 1.
    1785 [approximately] - Haitian explorer Jean Baptiste-Pointe Dusable settled Chicago. In 1779, he was living on the site of present-day Michigan City, IN when he was arrested by the British military on suspicion of being an American sympathizer in the Revolution. In the early 1780s, he worked for the British lieutenant-governor of Fort Michilimackinac on an estate at what is now the city of St. Clair. MI, before moving to settle at the mouth of the Chicago River. He is first recorded living in Chicago in early 1790, having apparently become established sometime earlier. He sold his property in Chicago in 1800.
    1816 - The temperature reached 92 degrees at Salem, MA during an early heat wave, but then plunged 49 degrees in 24 hours to commence the famous "year without a summer."
    1828 - A party led by Jebediah Smith completed a journey down the Klamath River and were on the verge of starvation when they were visited by Indians who brought food. Smith's party proceeded north to Oregon and most of the party was killed by Umpqua Indians. Smith was killed in 1831 by Comanches on the Cimarron River. Smith’s party was the first white people to see Lake Earl, the biggest lagoon on the West Coast.
    1831 - “People of Color” Convention held for the first time.
    1833 - Andrew Jackson became the first President to ride on a train.
    1861 - President Lincoln's cabinet declared that the Union government will pay for expenses once states have mobilized volunteers.
    1862 - Confederate gunboats engaged a Union flotilla near Memphis, TN. As crowds of spectators watched from the riverbanks, the outgunned Confederates were defeated. The city of Memphis surrendered shortly before noon of that day, effectively opening up the Mississippi region.  The war would rage on as the Union Army through shear source of "numbers of soldiers" would prevail.
http://www.cr.nps.gov/hps/abpp/battles/tn004.htm
http://www.americancivilwar.com/statepic/tn/tn004.html
    1872 - Susan B. Anthony tests the rights of women and black males to vote under the 14th and 15th amendment, registering and voting in Rochester, New York. She would be arrested, tired, and sentenced to pay a fine. She refused. The judge backed down, fearing she would take this to the Supreme Court for appeal, but nevertheless, the votes were all disqualified and both women and blacks would not be allowed to vote in this century.
    1889 - Great Fire in Seattle, Washington destroys 25 downtown blocks.
    1892 – Benjamin Harrison became the first U.S. President to attend a Major League game as he watched the Cincinnati Reds defeat the hometown Washington Senators, 6-5, in 11 innings.
    1892 - Birthday of bandleader Ted Lewis was born Theodore Leopold Friedman (d. 1971), Circleville, OH.
http://www.redhotjazz.com/tedlewis.html
    1892 – The famous “L” began operation in Chicago.  The Chicago and South Side Rapid Transit Railroad began revenue service when a steam locomotive pulling four wooden coaches, carrying over a couple of dozen people, departed the 39th Street station and arrived at the Congress Street Terminal 14 minutes later, over tracks that are still in use by the Green Line.
    1894 - One of the greatest floods in U.S. history occurred as the Willamette River overflowed to inundate half of the business district of Portland OR.
    1899 - Birthday of pianist William “Fats” Jefferson, Waco, TX.
    1889 - Bryn Mawr College awarded the first graduate fellowship to a woman in the history of the United States. It went to Emily Greene Balch (B. 01-08-1867) for "prosecuting sociological studies." Balch went on to win the Nobel Peace Prize in 1946. Half the human race is a terrible thing to waste... Bryn Mawr was under the direction of M. Carey Thomas who developed the college to an academic par with Harvard University.
    1902 - Birthday of band leader Jimmy Lunceford (d. 1947), Fulton, MS.   
http://www.pbs.org/jazz/biography/artist_id_lunceford_jimmie.htm 
http://www.amazon.com/exec/obidos/search-handle-form/104-3603723-3237564
    1904 - Helen McCloy (1904-1993) was born in NYC.  American mystery writer under the pseudonym Helen Clarkson, she was the first woman to serve as president of Mystery Writers of America. In 1953, she received Edgar award from the same organization for her criticism.
http://www.kirjasto.sci.fi/hmccloy.htm
    1907 – Bill Dickey (d. 1993), was born in Bastrop, LA.  He played for the New York Yankees for 19 seasons (1928-1943).  After serving in the US Navy during World War II, Dickey returned to the Yankees in 1946 as a player and manager. He retired after the 1946 season, but returned in 1949 as a coach, where he taught Yogi Berra, himself a veteran of the Normandy invasion, the art of catching.  During Dickey's playing career, the Yankees went to the World Series nine times, winning eight championships. He was named to 11 All-Star Games. As a manager and coach, the Yankees won another six World Series titles. Dickey was elected to the Baseball Hall of Fame in 1954.
    1918 - Casey Stengel returned to Ebbets Field for the first time since being traded from the Brooklyn Dodgers to the Pittsburgh Pirates over the winter. Stengel celebrated the occasion by striding to the plate for his first at-bat, calling time, doffing his cap and letting a live bird fly out. Fans broke into laughter. He was giving them the bird.
    1918 – The Battle of Belleau Wood saw the US Marines suffer its worst single day's casualties while attempting to recapture the wood at Chateau-Thierry.
    1920 - The St. Louis Cardinals played their last game at Robison Field (renamed "Cardinal Field" in 1917), their home field since 1893, beating the Chicago Cubs, 5-2.  One of new owner Sam Breadon’s first decisions was to agree to a ten-year lease for $20,000 annually, allowing his team to move six blocks to share Sportsmen’s Park with the St. Louis Browns.  He used the money from selling the aging ballpark to finance Branch Rickey’s idea of establishing a fam system by investing in a club affiliation with a minor league team in Houston.
    1921 – Bill Gatewood of the Detroit Stars pitched the first no-hitter in the history of the Negro National League, defeating the Cuban Stars, 4-0.
    1925 - Birthday of trombonist Al Grey (d. 2000), Aldie, VA.
http://www.jazzcanadiana.on.ca/_GREY.htm
http://www.trombone.org/articles/library/algrey-tribute.asp
    1925 – Walter P. Chrysler founded Chrysler Corporation.  Chrysler had been an auto enthusiast for over five years by the time he was introduced to Charles Nash, then president of the Buick Motor Company, who was looking for a smart production chief. Chrysler, who had resigned from many railroading jobs over the years, made his final resignation from railroading to become works manager (in charge of production) at Buick in Flint, MI.  He found many ways to reduce the costs of production, such as putting an end to finishing automobile undercarriages with the same luxurious quality of finish that the body warranted. Chrysler was then hired to attempt a turnaround by bankers who foresaw the loss of their investment in Willys-Overland in Toledo. He demanded, and received, a salary of $1 million a year for two years, an astonishing amount at that time. When Chrysler left Willys in 1921 after an unsuccessful attempt to wrestle control, he acquired a controlling interest in the ailing Maxwell Motor Company. Chrysler phased out Maxwell and absorbed it into his new firm, the Chrysler Corporation, in Detroit, in 1925. In addition to his namesake car company, Plymouth and DeSoto marques were created, and in 1928, Chrysler purchased Dodge. Chrysler was named Time Magazine’s Man of the Year for 1928. 
    1930 - Dillard University, a private, historically black liberal arts college in New Orleans, was founded, incorporating earlier institutions dating to 1869.  It is affiliated with the United Church of Christ and the United Methodist Church.
http://www.dillard.edu/
    1931 - Birthday of guitarist Grant Green (d. 1979), St. Louis, Mo.
http://website.lineone.net/~johnharris/grant_green.htm
http://members.tripod.com/vermontreview/CD%20Reviews/gamut.htm
    1932 - The Revenue Act of 1932, in the beginning of the Great Depression, was enacted, creating the first gasoline tax in the United States, at a rate of 1 cent per gallon.
    1933 - Richard M. Hollingshead, Jr., a chemical company magnate, opened America's first drive-in movie theater on Admiral Wilson Boulevard in Pennsauken Township, NJ. In 1932, Hollingshead conducted outdoor theater tests in his driveway at 212 Thomas Avenue in Riverton. After nailing a screen to trees in his backyard, he set a 1928 Kodak projector on the hood of his car and put a radio behind the screen, testing different sound levels with his car windows down and up. Blocks under vehicles in the driveway enabled him to determine the size and spacing of ramps so all automobiles could have a clear view of the screen. Hollingshead applied for a patent of his invention on August 6, 1932, and he was given US Patent 1,909,537 on May 16, 1933.  At the height of their popularity in 1958, there were more than 4,000 drive-ins across America. As of March 2014, a figure of 348 drive-ins has been published for the United States.  In the Fall of 2014, the burger chain Johnny Rockets announced that it would team up with USA Drive-Ins to open 200 drive-ins by 2018 serving Johnny Rocket's food at the concession stands.
    1934 - President Franklin D. Roosevelt signed the Securities Exchange Act that established the SEC. Wall Street had operated almost unfettered since the end of the eighteenth century. However, the stock market crash of 1929 necessitated regulation of the exchanges. The Securities and Exchange Commission is composed of five members appointed by the President.
    1939 - Singer Gary (US) Bonds, whose real name is Gary Anderson, was born in Jacksonville, Florida. Bonds had a string of energetic dance records in the early 1960's, the biggest of which was "Quarter to Three," which reached number one in 1961. Bonds' career was revived in 1981 by Bruce Springsteen. "The Boss" wrote "This Little Girl of Mine," which became Gary (US) Bonds' first hit in nearly 20 years. Bonds' comeback album, "Dedication," also made the charts.
    1939 - Bert and George Bebble and Carl Stotz formed Little League Baseball in Williamsport, PA.  The three youth teams in the league have uniforms thanks to a $35 donation.
    1941 – The New York Giants became the first team to wear protective headgear as they used plastic helmets in a game against the Pittsburgh Pirates.
    1942 - Birthday of Marian Wright Edelman, activist and founder of the Children's Defense Fund, Bennettsville, SC.
http://cdfweb.vwh.net/mwe.html
http://bss.sfsu.edu/edelman/aboutmwe.htm
    1942 - The Battle of Midway--one of the most decisive U.S. victories in its war against Japan--comes to an end. Occurring only six months after Japan’s attack on Pearl Harbor and one month after the Battle of Coral Sea, mmilitary historian John Keegan called it "the most stunning and decisive blow in the history of naval warfare."  In the four-day sea and air battle, the outnumbered U.S. Pacific Fleet succeeded in destroying four Japanese aircraft carriers with the loss of only one of its own, the Yorktown, thus reversing the tide against the previously invincible Japanese navy.
    1943 - The worst of the L.A. Zoot Suit Riot violence, a series of racial attacks, occurs as soldiers, sailors, and marines from as far away as San Diego travel to Los Angeles to join in the fighting.  During a period when many Mexican migrants arrived for the defense effort and newly assigned servicemen flooded the city, Mexican youths, recognizable by the zoot suits they favored, were attacked as being unpatriotic. Taxi drivers offer free rides to servicemen and civilians to the riot areas. Approximately 5,000 civilians and military men gather downtown. The riot spreads into the predominantly African American section of Watts.
    1944 – “D-Day, the 6th of June.”  In the early-morning hours, Allied forces landed in Normandy on the north coast of France. In an operation that took months of planning, a fleet of 2,727 ships of every description converged from British ports from Wales to the North Sea. Operation Overlord involved 2,000,000 tons of war materials, including more than 50,000 tanks, armored cars, jeeps, trucks and half-tracks. The US alone sent 1,700,000 fighting men in the largest amphibious military operation in history. The Germans believed the invasion would not take place under the adverse weather conditions of this early June day, especially with their number one General, George S. Patton, deployed elsewhere. But as the sun came up, the village of Sainte-Mère-Eglise was liberated by American parachutists, and by nightfall the landing of 155,000 Allies attested to the success of D-Day. The long-awaited second front had at last materialized. 
General Patton joined the war with his tank brigade, pushing toward the Rhine River before the other generals told him he couldn't do that.
http://memory.loc.gov/ammem/today/jun06.html
    1944 – Honoring the D-Day invasions, Major League Baseball cancelled all games for the day.
    1944 – Tommie Smith was born in Clarksville, TX.  At the 1968 Summer Olympics, Smith won the 200-meter dash finals and gold medal in 19.83 seconds – the first time the 20-second barrier was broken legally. His Black Power salute with John Carlos atop the medal podium caused controversy at the time as it was seen as politicizing the Olympics. It remains a symbolic moment in the history of the Civil Rights Movement.
    1944 - Birthday of pianist Monty Alexander, Kingston, Jamaica
http://www.montyalexander.com
    1945 - McTUREOUS, ROBERT MILLER, JR., Medal of Honor
Rank and organization: Private, U.S. Marine Corps. Born: 26 March 1924, Altoona, Fla. Accredited to: Florida. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty, while serving with the 3d Battalion, 29th Marines, 6th Marine Division, during action against enemy Japanese forces on Okinawa in the Ryukyu Chain, 7 June 1945. Alert and ready for any hostile counteraction following his company's seizure of an important hill objective, Pvt. McTureous was quick to observe the plight of company stretcher bearers who were suddenly assailed by slashing machinegun fire as they attempted to evacuate wounded at the rear of the newly won position. Determined to prevent further casualties, he quickly filled his jacket with hand grenades and charged the enemy-occupied caves from which the concentrated barrage was emanating. Coolly disregarding all personal danger as he waged his furious 1-man assault, he smashed grenades into the cave entrances, thereby diverting the heaviest fire from the stretcher bearers to his own person and, resolutely returning to his own lines under a blanketing hail of rifle and machinegun fire to replenish his supply of grenades, dauntlessly continued his systematic reduction of Japanese strength until he himself sustained serious wounds after silencing a large number of the hostile guns. Aware of his own critical condition and unwilling to further endanger the lives of his comrades, he stoically crawled a distance of 200 yards to a sheltered position within friendly lines before calling for aid. By his fearless initiative and bold tactics, Pvt. McTureous had succeeded in neutralizing the enemy fire, killing 6 Japanese troops and effectively disorganizing the remainder of the savagely defending garrison. His outstanding valor and heroic spirit of self-sacrifice during a critical stage of operations reflect the highest credit upon himself and the U.S. Naval Service.
    1946 - The Basketball Association of America was founded at a New York meeting of hockey team owners and arena managers interested in having their buildings used on open dates. The original BAA franchises:  Boston Celtics, Chicago Stags, Cleveland Rebels, Detroit Falcons, NY Knickerbockers, Philadelphia Warriors, Pittsburgh Ironmen, Providence Steamrollers, St. Louis Bombers, Toronto Huskies, Washington Capitols.  The BAA played three seasons (1946-49), after which it merged with the National Basketball League, founded in 1937, to form the National Basketball Association. Three original BAA teams remain: the Boston Celtics, the Philadelphia Warriors (now the Golden State Warriors) and the New York Knicks.
    1949 - Top Hits
“Riders in the Sky” - Vaughn Monroe
“Again” - Doris Day
“Some Enchanted Evening” - Perry Como
“Lovesick Blues” - Hank Williams
   1951 - HANSON, JACK G., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company F, 31st Infantry Regiment. Place and date: Near Pachi-dong, Korea, 7 June 1951. Entered service at: Galveston, Tex. Born: 18 September 1930, Escaptawpa, Miss. G.O. No.: 15, 1 February 1952. Citation: Pfc. Hanson, a machine gunner with the 1st Platoon, Company F, distinguished himself by conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against an armed enemy of the United Nations. The company, in defensive positions on two strategic hills separated by a wide saddle, was ruthlessly attacked at approximately 0300 hours, the brunt of which centered on the approach to the divide within range of Pfc. Hanson's machine gun. In the initial phase of the action, 4 riflemen were wounded and evacuated and the numerically superior enemy, advancing under cover of darkness, infiltrated and posed an imminent threat to the security of the command post and weapons platoon. Upon orders to move to key terrain above and to the right of Pfc. Hanson's position, he voluntarily remained to provide protective fire for the withdrawal. Subsequent to the retiring elements fighting a rearguard action to the new location, it was learned that Pfc. Hanson's assistant gunner and 3 riflemen had been wounded and had crawled to safety, and that he was maintaining a lone-man defense. After the 1st Platoon reorganized, counterattacked, and rescued its original positions at approximately 0530 hours, Pfc. Hanson's body was found lying in front of his emplacement, his machine gun ammunition expended, his empty pistol in his right hand, and a machete with blood on the blade in his left hand, and approximately 22 enemy dead lay in the wake of his action. Pfc. Hanson's consummate valor, inspirational conduct, and willing self-sacrifice enabled the company to contain the enemy and regain the commanding ground, and reflect lasting glory on himself and the noble traditions of the military service.
    1955 - Bill Haley & Comets, "Rock Around the Clock" hits #1
    1956 - Gogi Grant (born Audrey Brown) reached the top spot on the "Billboard" singles chart for the first and only time in her career. Her hit, "The Wayward Wind", stayed at the top of the top-tune tabulation for eight weeks and on the music charts for 22 weeks. It was her second record release. The first, in October, 1955, was "Suddenly There's a Valley" which climbed to number nine.
http://www.gpproductions.com/acts/grant.html
http://art.staviator.com/G/Gogi_Grant.html
    1956 - Gene Vincent's recording of "Be Bop A Lula" was released. The song was co-written by Vincent and (Sheriff) Tex Davis, a deejay at a Norfolk, Virginia radio station. "Be Bop a Lula" was a hit on both sides of the Atlantic, selling a million copies. Vincent never was able to match the success of his initial hit. He died in 1971 of a seizure brought on by a bleeding ulcer.
    1957 - Top Hits
“Love Letters in the Sand” - Pat Boone
“A Teenager's Romance/I'm Walkin'” - Ricky Nelson
“A White Sport Coat (And a Pink Carnation)” - Marty Robbins
“Four Walls” - Jim Reeves
    1960 - Tony Williams left Platters for a solo career. Williams was the lead singer on the Platters' big hits in the '50s - "Only You," "The Great Pretender" and "Smoke Gets in Your Eyes," among others. In the 1970's, Williams and Buck Ram, manager of the Platters, battled in court over who had the right to use the group's name. Ram won the case, but both later toured with groups billed as the Platters, Williams calling his the International Platters.
    1960 - Roy Orbison's "Only the Lonely" was released. It would reach number two on the Billboard Hot 100 and inspire Bruce Springsteen to write "Born to Run."
    1960 - The RIAA presents Bing Crosby with a special platinum record honoring the sale of his 200 millionth record, a total which includes not only 125 albums but 2,600 singles!
    1962 - The Beatles audition for EMI, recording four demos, the first material the band ever recorded at Abbey Road: three original compositions called "Love Me Do," "Ask Me Why," and "P.S. I Love You," and a cover of the standard "Besame Mucho." Producer George Martin is not at the session, but is called in by engineer Norman "Hurricane" Smith when he hears something he likes in "Love Me Do." Martin is not impressed with the group's songwriting, scruffy outfits, and even scruffier equipment (one of the band's amps blows during the audition), and he tells them so, finishing, "Look, I've laid into you for quite a time, you haven't responded. Is there anything you don't like?" To which George quips, "I don't like your tie!" The tension is broken, and Martin, charmed by the group's personality, agrees to work with them. (Though he later says, "They were pretty awful. I understand why other record companies turned them down.") The band members are paid US $12 each for the session; drummer Pete Best, with whose skills Martin remains unimpressed, would soon be sacked from the group.
    1964 - The Dixie Cups' "Chapel of Love" hits #1
    1965 - General Westmoreland requests a total of 35 battalions of combat troops, with another nine in reserve. This gave rise to the "44 battalion" debate within the Johnson administration, a discussion of how many U.S. combat troops to commit to the war. Westmoreland felt that the South Vietnamese could not defeat the communists alone and he wanted U.S. combat troops to go on the offensive against the enemy. His plan was to secure the coastlines, block infiltration of North Vietnamese troops into the south, and then wage a war of attrition with "search and destroy" missions into the countryside, using helicopters for rapid deployment and evacuation. Westmoreland had some supporters in the Johnson administration, but others of the president's advisers did not support Westmoreland's request for more troops, because they disagreed with what would be a fundamental change in the U.S. role in Vietnam. In the end, Johnson acquiesced to Westmoreland's request; eventually there would be over 500,000 U.S. troops in South Vietnam.
    1965 - Top Hits
“Help Me, Rhonda” - The Beach Boys
“Wooly Bully” - Sam The Sham and The Pharaohs
“Crying in the Chapel” - Elvis Presley
“What's He Doing in My World” - Eddy Arnold
    1966 - Civil rights activist Stokely Carmichael launches “Black Power” Movement. Died Nov 15, 1998.
http://www.blackhistory.eb.com/micro/727/78.html
    1966 - Author Truman Capote holds famous "Black & White Ball" — widely regarded as most glittering bash of the decade.
    1966 - No. 1 Billboard Pop Hit: "Paint It Black," The Rolling Stones.
    1966 - The Turtles and Oxford Circle at the Fillmore Auditorium in San Francisco.
    1966 - The Beatles record "Eleanor Rigby."
    1968 - McDonald, Phill G., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company A, 1st Battalion, 14th Infantry, 4th Infantry Division. place and date: Near Kontum City, Republic of Vietnam, 7 June 1968. Entered service at: Beckley, W. Va. Born: 13 September 1941. Avondale, W. Va. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Pfc. McDonald distinguished himself while serving as a team leader with the 1st platoon of Company A. While on a combat mission his platoon came under heavy barrage of automatic weapons fire from a well concealed company-size enemy force. Volunteering to escort 2 wounded comrades to an evacuation point, Pfc. McDonald crawled through intense fire to destroy with a grenade an enemy automatic weapon threatening the safety of the evacuation. Returning to his platoon, he again volunteered to provide covering fire for the maneuver of the platoon from its exposed position. Realizing the threat he posed, enemy gunners concentrated their fire on Pfc. McDonald's position, seriously wounding him. Despite his painful wounds, Pfc. McDonald recovered the weapon of a wounded machine gunner to provide accurate covering fire for the gunner's evacuation. When other soldiers were pinned down by a heavy volume of fire from a hostile machine gun to his front, Pfc. McDonald crawled toward the enemy position to destroy it with grenades. He was mortally wounded in this intrepid action. Pfc. McDonald's gallantry at the risk of his life which resulted in the saving of the lives of his comrades is in keeping with the highest traditions of the military service and reflects great credit upon himself, his unit, and the U.S. Army.
    1970 - MURRAY, ROBERT C., Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company B, 4th Battalion, 31st Infantry, 196th Infantry Brigade, 23d Infantry Division. Place and date: Near the village of Hiep Duc, Republic of Vietnam, 7 June 1970. Entered service at: New York, N.Y. Born: 10 December 1946, Bronx, N.Y. Citation: S/Sgt. Murray distinguished himself while serving as a squad leader with Company B. S/Sgt. Murray's squad was searching for an enemy mortar that had been threatening friendly positions when a member of the squad tripped an enemy grenade rigged as a booby trap. Realizing that he had activated the enemy booby trap, the soldier shouted for everybody to take cover. Instantly assessing the danger to the men of his squad, S/Sgt. Murray unhesitatingly and with complete disregard for his own safety, threw himself on the grenade absorbing the full and fatal impact of the explosion. By his gallant action and self-sacrifice, he prevented the death or injury of the other members of his squad. S/Sgt. Murray's extraordinary courage and gallantry, at the cost of his life above and beyond the call of duty, are in keeping with the highest traditions of the military service and reflect great credit on him, his unit, and the U.S. Army.
    1968 - New York Senator Robert Francis Kennedy dies after being shot while campaigning for president. The assassination took place shortly after midnight on June 5, 1968, in the Ambassador Hotel in LA, after winning the California and South Dakota Democratic primaries.  Kennedy died in the Good Samaritan Hospital twenty-six hours later. Sirhan Sirhan, a 24-year-old Palestinian/Jordanian immigrant, was convicted of Kennedy's murder and is serving a life sentence for the crime. The shooting was recorded on audio tape by a freelance newspaper reporter, and the aftermath was captured on film. There are many who believe this was a conspiracy, and there are many sites on the internet making all kinds of noise, but history is full of loners who manage to assassinate famous people, including American presidents.
    1986 - Manager Steve Boros of the San Diego Padres was ejected before the first pitch of a game with the Atlanta Braves when he attempted to give umpire Charlie Williams a videotape of a disputed play in the previous night's game, a 4-2 Braves victory.
    1971 – Ed Sullivan said goodbye as "The Ed Sullivan Show" left CBS-TV. He reportedly lived in my home town of Port Chester, New York, married to a Jewish lady who reportedly ruled the roost at home. As a newspaper columnist, he was very popular and it was told a mention in his column was very important for one’s career. When his variety shows appeared on television, with him as the host, due to his fame as a columnist, he was able to attract the top stars that were originally afraid of the medium. He also brought in new talent and had a real circus from Polish dancing bears, a little mouse named Topo Gigio, and “discovered” Elvis Presley, The Beatles, The Dave Clark Five, the comedy of Jackie Mason, John Byner, Rich Little, Allen King, Richard Pryor and so many more.  Gladys Knight and The Pips and singer Jerry Vale appeared on the final show. "The Ed Sullivan Show" had been a showcase for more than 20 years for artists who ranged from Ethel Merman to Ella Fitzgerald, from Steve and Eydie to the Beatles. "The Ed Sullivan Show" was the longest running variety show on TV.
    1973 - Barry White was awarded a gold record for "I'm Gonna Love You Just a Little More Baby." It was his first hit and his first of five number one million-sellers. White began recording in 1960. He formed the group, Love Unlimited, in 1969 and married one of the group's singers, Glodean James. He also formed the 40-piece Love Unlimited Orchestra which had the number-one hit, "Love's Theme" in 1973.
    1973 - Top Hits
“My Love” - Paul McCartney & Wings
“Daniel” - Elton John
“Pillow Talk” - Sylvia
“Satin Sheets” - Jeanne Pruett
http://members.rott.chello.nl/p.klein6/bwindex.htm
    1977 - Severe thunderstorms with large hail and winds to 100 mph caused one million dollars damage around Norfolk, VA. A forty-two foot fishing boat capsized near the Chesapeake Bay Bridge Tunnel drowning 13 of the 27 persons on board.
    1977 - Stevie Wonder appears, sponsored by Billboard, as a guest music lecturer at a UCLA symposium, talking about his early Motown days and illustrating his points with performances.
    1978 - Proposition 13 passed in California. Voters joined Senator Howard Jarvis in cutting property taxes by 57 percent. This was seen as the birth of a taxpayer's revolt against high taxes and excessive government spending. It also spelled the end of the higher education system in California, and brought the secondary schools from number one to number thirty and lower in score testing today.
    1978 - “20/20” premiered on TV. An hourly news magazine developed by ABC to compete with CBS's “60 Minutes”. Its original hosts, Harold Hayes and Robert Hughes, were cut after the first show and replaced by Hugh Downs.  Barbara Walters became co-anchor in 1984.  The show consisted of investigative and background reports. Contributors to the show have included Tom Jarriel, Sylvia Chase, Gerald Rivera, Thomas Hoving, John Stossel, Lynn Sher and Stone Phillips.
    1981 - Top Hits
“Bette Davis Eyes” - Kim Carnes
“Being with You” - Smokey Robinson
“Stars on 45 medley” - Stars on 45
“Friends” - Razzy Bailey
    1988 - Seventeen cities in the north central U.S. reported record high temperatures for the date, including Williston, ND with a reading of 104 degrees. Thunderstorms in Florida produced wind gusts to 65 mph which damaged two mobile homes northwest of Melbourne injuring six people.
    1989 - Top Hits
“Rock On” - Michael Damian
“Soldier of Love” - Donny Osmond
“Wind Beneath My Wings” - Bette Midler
“Where Did I Go Wrong” - Steve Wariner
    1996 - San Francisco became the first city in the nation to sue the tobacco industry.
    1998 - "The Boy is Mine," by Brandy and Monica, zoomed to number 1 on the "Billboard" pop chart. It ruled the Hot 100 roost for 13 weeks -- putting it in the top ten of longest-running #1 singles in the modern rock era.
    2000 - Thanks to the Angels' video crew playing a clip from the 1994 movie "Ace Ventura, Pet Detective" on the JumboTron, the Rally Monkey is born. With the words "Rally Monkey" superimposed over a monkey jumping up and down in the Jim Carrey movie, the crowd goes wild as Anaheim scores two runs in the bottom of the ninth to beat the Giants, 6-5.
http://imagesource.allposters.com:80/images/pic/PHOTOFILE/AADT038~
Anaheim-Angels-Rally-Monkey--Photofile.jpg
    2003 - Insisting the corked bat, designed to put on home run displays during batting practice, was accidentally used in the Devil Rays' game, Cubs' slugger Sammy Sosa is suspended for eight games by Major League Baseball. Bob Watson, baseball's vice president of on-field operations, agreed the Chicago's outfielder use of an illegal bat was an "isolated incident," but one that still deserved a penalty.
    2004 – Phylicia Rashad became the first African-American actress to win a Tony award for a leading dramatic role in a revival of “A Raisin in the Sun.”
    2005 - In Gonzalez v. Raich, the Supreme Court upheld a federal law banning cannabis, including medical marijuana.
    2014 - Telecom company Vodafone, an original investor in Verizon Wireless, reported that certain nations allow authorities direct access to citizen communications data without a warrant.  The company is prohibited from revealing the names of these nations.

NBA Finals Champions:
1976 - Boston Celtics