The Top Five Leasing/Finance Funder Websites
In North America

Alexa Rank is a rank (number) used to measure the popularity of a website among millions of other websites on Internet. For example, a website with a rank of 1 means it is the most popular website on Internet (i.e. google.com) and is on the first position of the Alexa global rank. It is similar to golf, the lower the number, the better the score.

The three-month. all internet Alexa ratings followed March 9, 2022 ratings, and were surprising "down," meaning higher on the list. In listing by rank, Balboa Capital fell to number two, and National Funding moved from two to number one. Crest Capital stayed number three, followed by several changes in rank, such as Leaf Commercial dropping quite a big, but Financial Pacific went up.  However, Leasing News only notes the top under 1000.

National Funding
266,323
136,252 Previous

Balboa Capital
360,834
97.368 Previous

Crest Capital
619, 554
265,366

Marlin Capital Solutions
670,161
603,099

TimePayment
753,705
373,414

These three have risen over the 1,000 mark from March 9, 2022:

Great America Financial Services
1,181,898

Financial Pacific
1,224,576

Leaf Commercial Capital
2,264,835

If your company is on the Leasing News Funder list and has less than a 1,000 rating, please email kitmenkin@leasingnews.org to be included in the next Company listing. It should be noted bank owned and subsidiaries often are in the bank internet listing, as well as both brokers and super brokers are not included.

1) Three Month Numbers
https://leasingnews.org/archives/Mar2022/03_09.htm#sites

(2) http://www.siteworthtraffic.com/

(3) Funder List "A"
http://leasingnews.org/Funders_Only/Funders.htm

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Despite the Negative News in Other Media
Employment is Strong in the United States

Unemployment rate in the US remains in 3.6% for 3 months in a row. It was 5.8% a year ago and 13.2% two years ago (peak of recession), but the same as 3 and 4 years ago (3.6% & 3.8%, respectively).

390,000 jobs were added in May (92% from private employers and 8% from government). There is a persistent shortage of workers.

Despite the increases in interest rates and inflation, and the point of regarding a possible recession to come, the US economy seems to remain strong. This is good news.

Courtesy:
Alberto Calva | acalva@acusconsulting.com
acalva@acus.ca | Cell & WhatsApp +1-416-824-1924 |

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Help Wanted Ads

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Equipment Finance and Leasing industry Thrives

 

By Scott Wheeler, CLFP, Wheeler Business Consulting

The commercial equipment finance and leasing industry thrives because of its participants' ability to innovate, reposition, and provide flexibility. Successful participants anticipate change and make the necessary tactical alterations to maximize their short-term and long-term results. The most successful industry participants have a long-term vision and no matter the economic conditions, are always moving forward to realize that vision. Successful participants have pro-active strategies that work in all economic conditions.

Successful management teams are committed to their visions and strategies and use both to guide their actions and decision-making processes.

I was recently reminded of the importance of industry participants having well though-out, missions, visions, and strategies. Two similar industry participants were brainstorming about different internal changes that they may need to adopt based upon uncertainty developing in the current markets. The first company, without a real commitment to their vision, was considering major alterations to its operations, and discussing major changes to its marketing efforts, staffing, products, etc. The company was 100% reactive, almost rudderless in their discussions, responding with a sense of panic. The second company, facing the same uncertainty, had tactical discussions. Guided by their long-standing corporate vision, the management team focused on fast tracking some initiatives to capture developing opportunities while pulling back slightly on others which would have less potential in the near term. There was no need to make radically changes.

The management team is 100% committed to its vision and strategy. The management team is comfortable with its progress over the last five years which is significantly ahead of all expectations. Most importantly, the management team believes that the company is well positioned with a strong balance sheet, well performing assets that have a proven record in difficult cycles, and a strong pool of internal talent. The second company's discussions were orderly, data driven, and proactive. The management team's approach was from a position of strength and determination.

Wheeler Business Consulting has been actively involved in helping management teams develop meaningful visions and strategies for long-term sustainable growth. It is highly rewarding to see clients commit and implement their visions and strategies to successfully manage and position their companies for success. New challenges and opportunities can easily be conquered when management teams have secure road maps (missions, visions, strategies) to methodically follow no matter the challenges, opportunities, or uncertainties that may develop.

What is your company's mission, vision, and strategy?

What are you specifically doing to enhance all three?

Scott A. Wheeler, CLFP
Wheeler Business Consulting
Comments, questions and suggestions are welcome.
Phone: 410-877-0428
email: scott@wheelerbusinessconsulting.com
Wheeler Business Consulting works with banks, independents, captives, origination companies, and investors in the equipment leasing and finance arena. We provide training, strategic planning, and acquisition services. Scott Wheeler is available to discuss your long-term strategy, to assist your staff to maximize outcomes, and to better position your organization in the market.

Walmart Kicks Fulfillment into High Gear
with Next-Generation Centers
By Brian Straight, Modern Shipper

 
Automated Transport shuttle systems in Distribution Warehouse

Walmart announced on Friday that it will build four next-generation fulfillment centers (FCs) that feature an innovative mix of humans, robotics and machine learning. Once opened, the new centers, along with the company’s existing regional distribution centers and over 4,700 stores, will enable same-day shipping of millions of items to 80% of the U.S. population.

Dave Guggina, Senior Vice President of Innovation and Automation at Walmart U.S., detailed the new centers, the first of which will open in Joliet, Illinois, this summer, in a blog post. The remaining three centers will open over the next three years.

“While there are countless ways we strive to earn customers’ trust, delivering on our promise of fast shipping and delivery has never been more important to us. Today we use our 31 dedicated e-commerce fulfillment centers and 4,700 stores located within 10 miles of 90% of the U.S. population to fulfill online orders at exceptional speed. But we’re not stopping there,” he wrote.

Walmart (NYSE: WMT) has partnered with tech company Knapp on the centers to develop an automated approach to fulfillment that will cut what has been a 12-step process down to five.

“We’ve been perfecting this system in our fulfillment center in Pedricktown, New Jersey, and have seen how the benefits of this technology are wide-ranging and include: more comfort for associates, double the storage capacity and double the number of customer orders we’re able to fulfill in a day,” Guggina said.

Among the solutions Knapp offers are robotics, storage and retrieval systems, picking systems, work stations, conveying, sorting and handling, and software.

The company noted that once operational, these four centers alone could provide 75% of the U.S. population with next-day or two-day shipping on items, including those shipped through Walmart Fulfillment Services.

“Combined with our traditional FCs, we can reach 95% of the U.S. population with next- or two-day shipping, and by making use of the expansive reach of our stores, we can offer same-day delivery to 80% of the U.S. population,” Guggina added.

The four facilities will employ approximately 4,000 people and result in new types of warehouse jobs — control technicians, quality audit analysts and flow managers among them.

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Top Ten Leasing News Read by Readers
June 1 - June 3

(1) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jun2022/06_03.htm#hires

(2) Cash Flow is…
Placard
https://leasingnews.org/archives/Jun2022/06_03.htm#cash

(3) Exchange Bank, Santa Rosa, California
Has Reportedly Closed Down their Equipment Leasing Operation
https://leasingnews.org/archives/Jun2022/06_01.htm#exchange

(4) Please Welcome Our New Leasing News Advisor
Nuria Blais, CLFP Associate
https://leasingnews.org/archives/Jun2022/06_01.htm#please

(5) Financing Cannabis Funding Sources
Many Work with Third Party Originators
https://leasingnews.org/archives/Jun2022/06_01.htm#financing

(6) Defending Your Turf
Sales Makes it Happen by Scott Wheeler, CLFP
https://leasingnews.org/archives/Jun2022/06_03.htm#defending

(7) ELFA Members Advocate for Equipment Finance
in Washington, DC, a Major Success
https://leasingnews.org/archives/Jun2022/06_03.htm#elfa

(8)  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

(9)  Good Reasons to Make a Career Change
Career Crossroads---By Emily Fitzpatrick/RII
https://leasingnews.org/archives/Jun2022/06_01.htm#crossroads

(10) Franchising Offers Exciting Possibilities for Marijuana Industry
Report
https://leasingnews.org/archives/Jun2022/06_01.htm#franchising

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

Equipment Leasing & Finance Foundation Announces
5th Annual “Day Of Giving” On June 7th

24-Hour Fundraising Campaign Provides Individuals and Companies Opportunity to Give Back to the Equipment Finance Industry, Receive Exclusive Webinar Invitation

Washington, DC, 022 – The Equipment Leasing & Finance Foundation is designating tomorrow, June 7, as a “Day of Giving” for everyone who has benefitted from the wide range of industry research, programs and resources the Foundation provides. This is the fifth annual Day of Giving, which is intended to attract new donors and remind people of the lasting impact they and their companies make when they support the Foundation’s mission to propel the equipment finance industry forward. The Foundation hopes to attract 150 new and returning donors and raise $75,000 during its 24-hour marathon fundraiser. All giving levels are welcome.

Shari Lipski, Principal, CLFP, ECS Financial Services, Inc., Foundation Trustee, and National Development Committee Chair (Also Chairof the Leasing News Advisory Board), said,  “This Day of Giving is great way to acknowledge the value that the Foundation’s many resources provide to our businesses and our own professional development, which are unavailable anywhere else,” said. “Making a donation today supports everyone who benefits from participating in the equipment finance industry.”

This year the Foundation is offering a special benefit to show its appreciation for the generosity of Day of Giving donors. They will receive an invitation to attend an exclusive webinar presentation by Dr. Rob Wescott of Keybridge Research on the Q3 update to the Foundation’s 2022 Equipment Leasing & Finance U.S. Economic Outlook, to be held on July 26 at 1 p.m. EDT. 

As part of the Day of Giving campaign, the Foundation is highlighting popular and new resources it has released and programs it has conducted over the last year, which are made possible entirely through individual and corporate donations. Among the vast array are:  

• New studies, including the environmental, social, and governance (ESG) report, “The ESG Imperative: Understanding the Opportunities for the Equipment Leasing and Finance Industry,” and “Equipment Finance Funding, Securitization & Syndication: Best Practices for Today and Tomorrow.”
• Podcast episodes on ESG and funding best practices to complement Foundation research studies.
• Academic Programs designed to attract new and diverse talent that is the future of our industry. Among them are the Equipment Leasing & Finance Foundation Scholarship, which this year increased the number of scholarships being awarded from three to up to five of $5,000 each annually to students interested in pursuing a career in the equipment finance industry. The Guest Lecture Program provides an opportunity for industry participants to share their stories and introduce students to the equipment finance industry.
• Topical and economic research studies, including the Vertical Market Series which examines the conditions and outlook for road transportation, healthcare, construction, agriculture, logistics, and retail. All are available for free download at the online Research Library.
• The Journal of Lease Financing (JELF), which welcomes original submissions on industry topics.

Donations can be made online at https://www.leasefoundation.org/giving/online/, or by check to the Equipment Leasing & Finance Foundation, 1625 Eye St NW, Suite 850, Washington, DC 20006.

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

Young Female Dog
Palo Alto, California  Adopt-a-Dog

Serenity
Female
2 years 7 months
40 lbs.
Serenity’s adoption fee is sponsored!

What can we say about our sweet Serenity that would do her justice? Just about everything! She has a wonderfully sweet personality, she is very playful, she absolutely adores people, and just has a zest for life!

Serenity may have a peaceful name, but she is an active girl. She is looking for a family that will dedicate time to exercise her mind as well as to her need and desire to bound and run like the high-energy goober she is.

Serenity’s favorite thing in life is playing ball. Any ball, big or small, is perfect for her! In addition to playing fetch and tug-o-war, she also enjoys splashing around the kiddie pool and trying to catch those drops flying through the air. She already knows how to sit, give paw, and lay down! Have a treat? She’s all ears. Serenity is ready for her forever home!

Serenity needs some more training when it comes to coexisting around other pets, but she is perfect otherwise and has never met a person she doesn’t like. We believe that with time, patience, and dedicated training, she will progress with her animal interactions.

The Fine Print
Ages 12+

Adoption Process:
https://www.petsinneed.org/adoptionprocess

For additional questions, please email adoptionspa@petsinneed.org or call (650) 496-5971.

Pets in Need, Redwood City
871 5th Avenue
Redwood City, CA 94063
(650-387-1405
info@petsinneed.org
https://www.petsinneed.org/dogs

Hours:
Tues-Fri: Noon-5:00 pm
Saturday: 10:00 am-5:00 pm
Sun-Mon: Closed

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Financial Services -  Free Posting
Providing Services and Product

Outsourcing: Maximum 100 words.

This is not for funding sources, lessors, brokers, but for service providers to the leasing industry. This is not to promote a product or software but is "outsourcing work" related as indicated by the people whose service is available. If you would like to add your services or update your listing, please send an email to: kitmenkin@leasingnews.org

We will include a photograph of yourself and/or the URL address to your "blog" or website for free.

Services

(Providing Services and Products)

Accounting / Aircraft / Appraisals Asset/Recovery & Collections Asset Management Back Office Collector / Collections / Consultant / Communications Credit Finance / Human Resources/ Info Systems Job Search

Licensed Investigators Operations / Remarketing / Repossessions Re-Seller / Sales Signing Service / Site Inspection Software Training Syndicator Website Construction

Full List:
https://leasingnews.org/Classified/Outsourcing/Outsourcing.htm

News Briefs---

Gas hits nearly $10 a gallon in
    California's Mendocino
https://www.sfgate.com/bayarea/article/California-gas-nears-10-dollars-17218407.php

Inflation divide: Wealthy Americans splurge
while poorest pull back
https://www.pressdemocrat.com/article/business/inflation-divide-wealthy-americans-splurge-while-poorest-pull-back/

Thousands of people in New Hampshire may still be drinking
polluted water, years after the largest contamination in state history
https://www.bostonglobe.com/2022/06/05/science/thousands-people-new-hampshire-may-still-be-drinking-polluted-water-years-after-largest-contamination-state-history/?event=event12

Dollar’s Climb Stalls Amid Mixed Economic Signals
subtle shift in the economic landscape
https://www.wsj.com/articles/dollars-climb-stalls-amid-mixed-economic-signals-11654376147?mod=hp_lead_pos1

If You Get COVID, Should You Try to Get Paxlovid?
Here's How (With or Without Health Insurance)
https://www.kqed.org/news/11914514/if-you-get-covid-should-you-try-to-get-paxlovid-heres-how-with-or-without-health-insurance

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You May Have Missed---

https://www.nytimes.com/2022/06/05/nyregion/red-flag-law-shootings-new-york.html

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Sports Briefs---

Rafael Nadal wins 14th French Open title, 22nd Grand Slam,
     becomes oldest champ in tourney history
https://www.espn.com/tennis/story/_/id/34041324/rafael-nadal-wins-14th-french-open-title-22nd-grand-slam

Report: Jon Gruden wants his day in court
https://www.theredzone.org/Blog-Description/EntryId/23282/Report--Jon-Gruden-wants-his-day-in-court

Giants' backup QB Davis Webb: Daniel Jones
is 'the smartest quarterback I've been around'
https://www.theredzone.org/Blog-Description/EntryId/23278/Giants--backup-QB-Davis-Webb--Daniel-Jones-is--the-smartest-quarterback-I-ve-been-around-

Struggling Walker Buehler suffers shortest start
of career as Dodgers fall to Mets
https://www.latimes.com/sports/dodgers/story/2022-06-04/walker-buehlers-woes-continue-with-career-short-start-as-dodgers-fall-to-mets

Red Sox thump A’s 8-0
https://www.pressdemocrat.com/article/sports/red-sox-thump-as-8-0/

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California Nuts Briefs---

'Priced out' SF Bay Area city council candidate to end
    campaign, relocate elsewhere
https://www.sfgate.com/elections/article/Bay-Area-city-council-candidate-priced-out-17217916.php?IPID=

The Duckhorn Portfolio Announces
Third Quarter 2022 Financial Results
https://www.businesswire.com/news/home/20220602005852/en/The-Duckhorn-Portfolio-Announces-Third-Quarter-2022-Financial-Results

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"Gimme that wine"

North Bay vintners aim to raise the bar for canned wines
https://www.pressdemocrat.com/article/lifestyle/raising-the-bar-for-canned-wines/

“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