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Monday, June 5, 2023

Today's Leasing News Headlines

Never before was the same interest rate
  paid on a 6-month as on a 60-month CD
    By Dr. Dan Geller
New Hires/Promotions in the Leasing Business
    and Related Industries
Leasing and Finance Industry Help Wanted
    We Are Growing Our Senior Sales Team Now!
Sell Your Value Proposition
    Sales Makes it Happen by Scott Wheeler, CLFP
Catalytic Converter Thefts Spike
    288% in Just 2 Years
LeaseAccelerator Announces PureLease Marketplace
    Has Sourced $1.5B in Lease Financing
First Citizens Bank Names Jim Hudak
    as President of CIT Commercial Finance
Mixed Breed
    Fallston, Maryland  Adopt-a-Dog
2023 AACFB Commercial Financing Expo
    Registration Open - Sept. 20-21 Orlando, Florida
News Briefs ---
Connecticut Nears Passage of a Unique
    Commercial Financing Disclosure Bill
All Tesla Mode l 3s now eligible
    for full $7,500 tax credit
West Coast dockworkers disrupt trade
    for a fourth day, says maritime group
Unruly passenger incidents on airplanes
    up 47% last year worldwide
PGA Tour will merge with Saudi-backed
    LIV Golf league
A group of 9/11 relatives called the merger with    
    LIV a "betrayal"

You May Have Missed --
Twitter’s U.S. Ad Sales Plunge

    59% as Woes Continue

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
   Daily Puzzle
     Weather, USA or specific area
      Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.



Never before was the same interest rate
paid on a 6-month as on a 60-month CD
By Dr. Dan Geller

For the first time in recorded history, the national average rate of the 6-month certificate of deposit (CD) is the same as the 60-month CD – 1.38%.

Also for the first time ever, domestic balances of short-term CDs, up to 1 year, are projected to top $2 trillion in June. The uncertainty and the rising money anxiety surrounding inflation and interest rates are impacting consumer behavior, such as shifting deposits to money market accounts or to short-term CDs of less than one year.

Dr. Dan Geller
Behavioral Economics
for Financial Services
Analyticom LLC

About Dr. Dan Geller
Dr. Dan Geller is a behavioral economist, who discovered the link between money anxiety and financial behavior. He is the developer of the theory of money anxiety and the Money Anxiety Index.


New Hires/Promotions in the Leasing Business
and Related Industries

Doug Andring was hired as Vice President of Sales, Ascentium Capital, Kingwood, Texas, a Division of Regions Bank.  He is located in Grapevine, Texas. Previously, he was Regional Account Manger, NEC Financial Services (July, 2022 - June, 2023); Vice President, Business Development, Tendem Finance (October, 2020 - July, 2022); Vice President, Region Sales Manger, Hitachi Capital America, Vendor Services (June, 2016 - October, 2020). Full Bio:

Cory Krogen, CLFP, was hired as Senior Vice President of Sales,  Channel,  Your Partner in funding, Greater Minneapolis, Minnesota.  He is located in Jackson, Mississippi. Previously, he was at Stryker, starting January, 2012, Finance Representative, promoted August, 2019, Senior Finance Representative, promoted January, 2020, Senior ASC Finance Representative.

Tracey Rogers was hired as Director, Capital Markets, Mitsubishi HC Capital America, Chicago, Illinois. She is located in Littleton, Colorado. Previously, she was Vice President, Capital Markets, Lending Club Bank, N.A. (April, 2017 - January, 2023). Full Bio:         

Barry Rollins was hired as Senior Vice President of Asset Management at M&T Bank Equipment Finance, Bridgeport, Connecticut. He is located in Elmhurst, Illinois. Previously, he was Vice President, Asset Management, JP Morgan Equipment Finance, JP Morgan Chase Bank (June, 2014 - June, 2023.  Full Bio:

Leslie Sherman was hired as Strategic Partnership Coordinator, AFG, Tustin, California. She is located in Huntington Beach, California. Previously, she was Funding Supervisor, Hamni Bank (May, 2015 - October, 2016); Leasing Coordinator, Financial Pacific Leasing (April, 2014 - 2015); Funder, Commerce National Bank (September, 2013 - May, 2014).


Leasing and Finance Industry Help Wanted
Highly Trained Operation Staff/Work from Home
Excellent Compensation/Marketing Support


Sell Your Value Proposition

Sales Makes it Happen by Scott Wheeler, CLFP

Small and medium-sized businesses need strong financial partners to provide access to capital. The vast majority of businesses have less confidence than they had just 12 months ago in their ability to access capital for their current needs. The commercial equipment finance and leasing industry provides that access. Top producers have created a personal value proposition (PVP) and they are aggressively selling their PVP to businesses that align with their internal capital capabilities. Top originators are exceeding their goals by:

  • Defining their PVP - what they provide which is unique in the market
  • Defining a targeted prospect list that can benefit from their PVP
  • Aggressively selling their PVP to their targeted market
  • Providing a superior service to their targeted market
  • Avoiding distractions which prevent them from maximizing the effect of their PVP in creating the greatest returns for the originator's efforts

Small and medium size businesses need strong commercial equipment finance originators now more than ever. Now is the time to flaunt your personal value proposition unapologetically. Flaunt your superiority in the market for those businesses which align with your capabilities and your value. Now is the time to aggressively improve your results by selling your PERSONAL VALUE PROPOSITION.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161

Sales Makes it Happen articles:



Catalytic Converter Thefts Spike
288% in Just 2 Years

Across the country, catalytic converter thefts have skyrocketed from 16,660 in 2020 to a staggering 64,701 in 2022, according to recent data from the National Insurance Crime Bureau (NICB).
California leads the nation for most catalytic converter thefts — with 24,102 theft claims in 2022 alone and a whopping 51,585 for the three consecutive years of 2020 to 2022. 

Other states that ranked among the top five for catalytic converter thefts in 2022 include Texas, which came in second with 8,027 thefts. The Lone Star State was followed by Pennsylvania with 2,757 thefts, Illinois with 2,021, and Washington with 1,943.

Catalytic converters are bolted to the underside of cars or trucks as part of their exhaust system. Thieves are well aware that these functional devices contain precious metals like platinum, rhodium, and palladium — all more valuable than gold.


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

LeaseAccelerator Announces PureLease Marketplace
Has Sourced $1.5B in Lease Financing

RESTON, Va., - LeaseAccelerator, the leader in the Enterprise Lease Accounting and Lease Lifecycle Management software market, announced that PureLease Marketplace, a global bidding platform that makes competing equipment leases simple, fast and easy, has sourced over $1.5 billion USD in lease financing. PureLease Marketplace saves clients an average of 7% on equipment costs by competing their equipment leases.

The PureLease bidding platform includes buy-side services for equipment users (lessees) and sell-side services for equipment leasing companies (lessors):

PureLease Marketplace  –  the first dedicated, competitive lease financing marketplace, where lessees get the lowest rates and best value for equipment leases.

Global Lessor Network  – a network of over 500 equipment lessors in 80 countries. Approved leasing companies gain access to prequalified leasing deals with committed equipment lessees with strong credit quality, resulting in more opportunities, shorter sales cycles, and lower cost of sales.

PureLease clients gain access to a suite of tools to automate, streamline, and control their equipment leasing process:

  • Lease vs. Buy analysis
  • Intelligent lessor matching
  • Request for Proposal (RFP) preparation and distribution
  • PureDocs: standardized lease documents
  • Proposal analysis and ranking
  • PureData: abstracted, reconciled deal data ready for booking directly into your lease accounting software.

Michael Keeler, CEO at LeaseAccelerator, said, “With this major volume milestone, PureLease Marketplace proves its long-term value for lessees, reducing the time spent building lessor relationships by 25% and managing RFPs by 40%.

"With PureLease, anyone can improve their lease financing for significant economic and operational savings,"

To start a sourcing event, contact PureLease at

About PureLease:
PureLease from LeaseAccelerator provides competitive lease sourcing services for equipment lessees that reduce the cost of financing and improve free cash flow, connecting lessors with prequalified lessees in a simple, fast, and easy process. Using standardized contracts and automated RFP creation, each bid is matched to best-value bidders in our network of 500+ lessors. PureLease has run sourcing events in over 26 countries valued at over $1.5B that saved an average of 7%.

About LeaseAccelerator
LeaseAccelerator provides enterprise lease lifecycle automation software that ensures long-term compliance, improves operational efficiency, and frees up cash. Thousands of users rely on our secure Software-as-a-Service (SaaS) platform to manage and automate 900,000 real estate and equipment leases valued at $150 billion across 2 million assets in 142 countries, generating 8 billion journal entries.

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


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

First Citizens Bank Names Jim Hudak
as President of CIT Commercial Finance

NEW YORK,  -- First Citizens Bank  announced it has named noted commercial banking executive James L. “Jim”  Hudak as president of its CIT Commercial Finance group, a division of First Citizens Bank, effective immediately.

With more than 20 years as a commercial finance executive, Hudak is known throughout the industry for his leadership capabilities and strong commitment to customer support and satisfaction.

It is a return of sorts for Hudak, who oversaw CIT's commercial finance businesses from 2008 to 2019 when they were managed by CIT Group Inc., which merged with First Citizens Bank last year. Under Hudak's oversight and leadership, many of those businesses grew to become leading lenders in their industry verticals.

First Citizens Bank President Peter Bristow said, "It's a pleasure to welcome Jim back and to leverage his experience and deep industry knowledge as First Citizens Bank continues to expand its commercial lending and relationship banking expertise.

"Jim is a proven leader with a strong track record of supporting his bankers in serving middle market clients across a wide range of market sectors," Bristow continued. "We are pleased he has accepted this critical role and look forward to his accomplishments in leading the next leg of our growth journey."

"I am thrilled to join First Citizens Bank and to work with many of my former colleagues and many new ones as well,"  said Hudak, who will report to Bristow. "Strong relationships with clients have always been the keystone of our business model. As part of First Citizens Bank, the opportunities ahead are greater than ever."

During his career at the former CIT, Hudak held several roles of increasing responsibility. Immediately prior to becoming president of commercial finance in 2008, he served as senior managing director of the company's communications, media and entertainment business.

Hudak is a graduate of Bucknell University and holds an MBA from Cornell University.

About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., and now celebrating the 125th anniversary of its founding, First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets. First Citizens Bank, Member FDIC. Discover more at

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



Mixed Breed
Fallston, Maryland  Adopt-a-Dog


7 Years old
Medium Size
Color: Brown with white
Adoption Fee $300

Looking for a dog past the puppy phase and ready to chill this summer? Adoptable Kona is 7 years and 4 months. He was adopted a year ago, but due to the couple breaking up, we’ve been contacted to take him back. We’re incredibly sad as he’s a great dog!

Kona is very playful and loves his toys & playing fetch. He’s been known to bring you a toy or two when you walk in the door. He enjoys long walks and exploring new scents but he also enjoys being a couch potato and all the cuddles you can give. He’s lived well with dogs before but has shown signs here of enjoying being the only dog. He would do well in a home with or without other dogs but if other dogs are present they should be introduced beforehand. He is potty trained and crate trained & walks well on a leash. He also knows a handful of commands. Kona enjoys a couple 30 minute walks a day and enjoys playing fetch. He’s a sweet guy and is friendly with visitors & friends. He would be a great companion for someone who can spend plenty of time with him and who doesn’t work long hours.



2023 AACFB Commercial Financing Expo
Sept. 20-21 Orlando, Florida - Registration Open

The American Association of Commercial Finance Brokers is excited to announce the opening of registration for the upcoming 2023 AACFB Commercial Financing Expo!

Hundreds of the top players in the commercial finance industry will gather at the Rosen Shingle Creek Resort this September 20-21 to EMPOWER UNIVERSAL SUCCESS by ENGAGING the MINDS of the best in the industry.

Join us in sunny Orlando, Florida for an immersive and informative event that will explore the latest trends, opportunities, and solutions in the world of commercial finance.

Visit the AACFB website for full details on the event. Register before July 4 to take advantage of early-bird rates! Email with questions:

AACFB attendees can take advantage of a special rate of $189 per night up until the cut-off date of August 29, 2023, or until the block is full.


News Briefs---

Connecticut Nears Passage of a Unique   
    Commercial Financing Disclosure Bill

All Tesla Model 3s now eligible
    for full $7,500 tax credit

West Coast dockworkers disrupt trade
    for a fourth day, says maritime group

Unruly passenger incidents on airplanes
    up 47% last year worldwide

PGA Tour will merge with Saudi-backed
    LIV Golf league

A group of 9/11 relatives called the PGA Tour’s planned merger with LIV a ‘betrayal’



Twitter’s U.S. Ad Sales Plunge
    59% as Woes Continue


Sports Briefs---

Jay Monahan meeting with PGA Tour golfers gets 'heated'

Two Browns players robbed at gunpoint, per police report


California News Briefs---

Owner of SF's Largest Hotel, the Hilton Union Square,
    Is Walking Away, plus a Second Hotel, Surrendering It to Lender

Owners are walking away from downtown S.F.
    buildings. We mapped 13 in financial crisis

Oakland A's potential Las Vegas relocation hits
    roadblock with Nevada Legislature, future of move uncertain


Gimme that Wine


When Wine Becomes Crucial to Cultural Identity
   By Eric Asimov

Digging into 2022 Bordeaux
After visiting 16 estates, tasting 200 Wines

Washington Wine History Interviews:
Ted Baseler, Chateau Ste. Michelle

Kelby James Russell launches winery
in New York’s Finger Lakes region


This Day in History

      1498 - Christopher Columbus left on his third voyage of exploration.
    1712 - The Pennsylvania Assembly banned the importation of slaves.    
    1769 - Daniel Boone arrives in Kentucky, celebrated today as “Boone Day.”
(as stated by a relative here, many of the stories about Daniel Boone were invented and are not true; however, he was an American pioneer, nevertheless).
    1776 - Richard Henry Lee of Virginia proposed to the Continental Congress the resolution calling for a Declaration of Independence: that "these United Colonies are, and of right ought to be, free and independent States..." Congress delayed the vote on the resolution until July 1.
    1777 - The Second Continental Congress voted to replace the phrase “United Colonies” in all legislation with the phrase “United States of America.” The Congress represented only twelve colonies at this date, Georgia not having sent delegates yet.
    1816 - At Danville, Vermont, snow and sleet drifted to a depth of 20 inches. The higher elevations remained white the entire day. snow flurries were reported as far south as Boston, Massachusetts. Waltham, Massachusetts reported a low temperature of 33 degrees and New Haven, Connecticut had a low of 35 degrees.
    1828 - A party led by Jebediah Smith completed a journey down the Klamath River and were on the verge of starvation when they were visited by Indians who brought food. Smith's party proceeded north to Oregon and most of the party was killed by Umpqua Indians. Smith was killed in 1831 by Comanches on the Cimarron River. Smith’s party was the first white people to see Lake Earl, the biggest lagoon on the West Coast.    
    1860 - As more Americans learned to read, the first mass-market paperback book was a fiction entitled: “Malaeska: Indian Wife of the White Hunter,” by Mrs. Ann S. Stephens. It was the trend then to hire writers, as was done for the Nancy Drew series, gives them an outline and flat fee, no royalties. Mrs. Stephens had never left New York City, had never met an Indian. It was published by Irwin P. Beadle and Company, New York, and first advertised this day in the New York Tribune as “Beadle's Dime Novels No. 1.”
    1862 - Union General Benjamin Franklin Butler was hated in New Orleans and it perhaps started with this incident, which saw the first person hanged for treason, William Bruce Mumford, a retired gamble. During the Civil War, Captain Theodorus Bailey was sent by Admiral David Glasgow Farragut to New Orleans, LA, where he hoisted the American flag over the mint on April 28, 1862. After the troops left, Mumford tore down the flag. On May 1, General Butler arrived in New Orleans with 2,000 troops and took possession of the St. Charles Hotel. A Crowd gather in front of it, among them Mumford, who boasted of his exploit in humbling the “old rag of the United States.” Mumford was arrested, tried under the direction of the provost marshal of the district of New Orleans, convicted, and hanged on June 7, 1862.
   1864 – “BURGLAR ARRESTED” was written by Mark Twain for The San Francisco Daily Morning Call.  John Richardson, whose taste for a cigar must be inordinate, gratified it on Saturday night last by forcing his way into a tobacconist on Broadway, near Kearny Street, and helping himself to fourteen hundred "smokes." In his hurry, however, he did not select the best, as the stolen tobacco was only valued at fifty dollars. He was congratulating himself last evening in a saloon on Dupont Street, in having secured weeds for himself and all his friends, when lo! a Rose bloomed before his eyes, and he wilted. The scent of that flower of detectives was too strong even for the aroma of the stolen cigars. Richardson was conveyed to the station-house, where a kit of neat burglar's tools was found on his person. He is now reposing his limbs on an asphaltum floor - a bed hard as the ways of unrighteousness.
    1887 - Revolutionizing printing, Tolbert Lanston of Washington, DC, received five patents for a monotype machine. The machine cast new type, letter by letter, from matrices that were used over and over again.
    1892 - African-American GJ Sampson received patent for clothes dryer.
    1892 - Wyoming, which recognized women's rights early, perhaps to attract more women to the state, also became the first state with women at a national political convention. Therese A. Jenkins of Cheyenne, WY, and Cora G. Carleton of Hilliard, WY, were sent as alternate delegates to the 10th Republican Party convention at Minneapolis, MN, on June 7-10, 1892.
    1892 - Homer A. Plessy refuses to move to segregated railroad coach in New Orleans, initiating Plessy v Ferguson, adjudicated by the Supreme Court.
    1897 - Birthday of George Szell (d. 1970), Hungarian-born American conductor.
    1902 - Birthday of trombonist Ed Cuffee (d. 1959), Norfolk, VA.
    1906 - Birthday of bandleader Glen Gray, born Glen Gray Knoblauch  (d. 1963), Roanoke, IL.
    1909 - Birthday of Virginia Apgar (d. 1974), Westfield, NJ. Dr. Apgar developed the simple assessment method that permits doctors and nurses to evaluate newborns while they are still in the delivery room to identify those in need of immediate medical care. The Apgar score was first published in 1953 and the Prenatal Section of the American Academy of Pediatrics is named for Dr. Apgar.
    1909 - Birthday of Jessica Tandy (d. 1994), British-born U.S. actor. She won the Kennedy Center Honors Award in 1986; won an Academy Award for the lead in “Driving Miss Daisy” (1989). She won her second Tony award for “The Gin Game” (1978). Most remember her in her old age and are amazed that her first Tony award was for her creation of Blanche DuBois in Tennessee Williams' “A Streetcar Named Desire” (1947) - opposite Marlon Brando, Kim Hunter, and Karl Malden.
    1915 - William Jennings Bryan resigned as secretary of state in a disagreement with President Woodrow Wilson over the wording of a second note to Germany. Robert Lansing was named acting secretary of state.
    1917 - Birthday of Gwendolyn Brooks (d. 2000), Topeka, KS. Brooks' mother had taught at the Topeka school that later became involved in the famous Brown v. Board of Education racial desegregation case.  Family lore held that Brooks' paternal grandfather had escaped slavery to join the Union forces during the Civil War. A poet, her work often dealt with the personal celebrations and struggles of ordinary people in her community. She won the Pulitzer Prize for Poetry in 1950 for “Annie Allen,” making her the first African American to receive the Pulitzer.  Throughout her prolific writing career, Brooks received many more honors. She was appointed Poet Laureate of Illinois in 1968, a position she held until her death, and what is now the Poet Laureate Consultant in Poetry to the Library of Congress for the 1985–86 term. In 1976, she became the first African-American woman inducted into the American Academy of Arts and Letters.
    1917 - Birthday of singer/straight man and movie/tv star Dean Martin, born Dino Paul Crocetti (d. 1995), Steubenville, OH. One of the most popular and enduring American entertainers of the mid-20th century, Martin was nicknamed "The King of Cool" for his seemingly effortless charisma and self-assurance.  He and Jerry Lewis formed the immensely popular comedy duo Martin and Lewis, with Martin serving as the straight man to Lewis' slapstick hijinks. From 1946-56, they were arguably the hottest act in show business before going their separate ways. A member of the “Rat Pack,” Martin went on to become a star of concert stages, nightclubs, audio recordings, motion pictures and television. Martin was the host of the variety programs, “The Dean Martin Show” and “The Dean Martin Celebrity Roasts.” His relaxed, warbling, crooning voice earned him dozens of hit singles, including his signature songs “Memories Are Made of This,” “That’s Amore,” “Everybody Loves Somebody,” “You’re Nobody Till Somebody Loves You,” ”Sway,” “Ain’t That a Kick in the Head?,” and “Volare.”
    1921 - Guitarist Tal Farlow (d. 1998) birthday, Greensboro, NC. nStreet/5563/
    1930 - The New York Times agreed to capitalize the word from n- to Negro.
    1930 - Gallant Fox, with jockey Earle Sande, became the second horse to win the Triple Crown. Trained by Sunny Jim Fitzsimmons, Gallant Fox won the Belmont Stakes by three lengths over Wichone in 2:31.3
    1932 - Over 7,000 war veterans march on Washington, D.C. demanding their bonuses for service in World War I.
    1934 - Country honky-tonk and ballad singer Wynn Stewart (d. 1985) was born in Morrisville, Missouri. He is best known for his 1967 country chart-topper, "It's Such a Pretty World Today."
    1940 - Singer Tom Jones was born Thomas John Woodward in Pontypridd, Wales.  After building a reputation in London clubs, Jones was offered a recording contract in 1964. His first records weren't successful, but in 1965 he achieved international success with "it’s Not Unusual," a song written by his manager, Gordon Mills. Jones next reached the top of the charts with the title song from the Peter O'Toole movie "What's New Pussycat?" He followed this with a series of country-flavored pop hits, among them "Green, Green Grass of Home," "Delilah" and "Love Me Tonight." Tom Jones became one of the biggest selling acts in Las Vegas and had his own US network TV show for a few seasons.   
He returned with much gusto in 1994 with a new image, a new label and a new record. Titled 'The Lead and How to Swing It,' the ZTT (Trevor Horn's label) released disc featured the hit single 'If I Only Knew' and a duet with Tori Amos called 'I Want You Back.' Tom also covered the early 80s Yaz tune 'Situation.' 
    1941 - Whirlaway won the Belmont Stakes by 2 ½ lengths over Robert Morris to become the fifth horse to win the Triple Crown. Trained by Ben Jones for Calumet Farms and ridden by Eddie Arcaro, Whirlaway finished the Belmont in 2:31.
    1942 - It is not very well remembered but it was very important to the building fear of the times when the Japanese occupied the undefended island of Attu and the island of Kiska in the Western Aleutians, which was American territory. The capture was announced by the Navy on June 13. The islands were retaken by American Forces in May, 1943 and is the only battle fought on U.S. soil during World War II.
    1942 - The Battle of Midway, one of the most decisive U.S. victories in its war against Japan, comes to an end. In the four-day sea and air battle, the outnumbered U.S. Pacific Fleet succeeded in destroying four Japanese aircraft carriers with the loss of only one of its own, the Yorktown, thus reversing the tide against the previously invincible Japanese navy. In six months of offensives, the Japanese had triumphed in lands throughout the Pacific, including Malaysia, Singapore, the Dutch East Indies, the Philippines, and numerous island groups. The United States, however, was a growing threat and Japanese Admiral Isoruku Yamamoto sought to destroy the U.S. Pacific Fleet before it was large enough to outmatch his own. A thousand miles northwest of Honolulu, the strategic island of Midway became the focus of his scheme to smash U.S. resistance to Japan's imperial designs. Yamamoto's plan consisted of a feint toward Alaska followed by an invasion of Midway by a Japanese strike force. When the U.S. Pacific Fleet arrived at Midway to respond to the invasion, it would be destroyed by the superior Japanese fleet waiting unseen to the west. If successful, the plan would eliminate the U.S. Pacific Fleet and provide a forward outpost from which the Japanese could eliminate any future American threat in the Central Pacific. Unfortunately for the Japanese, U.S. intelligence broke the Japanese naval code and the Americans anticipated the surprise attack. Three heavy aircraft carriers of the U.S. Pacific Fleet were mustered to challenge the four heavy Japanese carriers steaming toward Midway. At the Battle of Midway, Japan lost four carriers, a cruiser, 292 aircraft, and suffered 2,500 casualties. The U.S. lost the Yorktown, the destroyer USS Hammann, 145 aircraft, and suffered 307 casualties. Japan's losses in the hobbled its naval might, bringing Japanese and American sea power to approximate parity, and marked the turning point in the Pacific theater of World War II. In August 1942, the great U.S. counteroffensive began at Guadalcanal and did not cease until Japan's surrender three years later.
    1943 - The worst of the L.A. Zoot Suit Riot violence occurs as soldiers, sailors, and marines from as far away as San Diego travel to Los Angeles to join in the fighting. Taxi drivers offer free rides to servicemen and civilians to the riot areas. Approximately 5,000 civilians and military men gather downtown. The riot spreads into the predominantly African American section of Watts.
    1944 - Birthday of guitarist Clarence White (d. 1973) of the Byrds was born in Lewiston, Maine. After appearing as a session musician on recordings by such artists as Rick Nelson, the Everly Brothers and the Byrds, he became a permanent member of the Byrds in 1968. White remained with them until the group broke up in 1973. In July of that year, White was killed by a drunken driver in Lancaster, California, while he was loading equipment on to a van following a concert.
    1950 - Top Hits
“My Foolish Heart” - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
“Bewitched” - The Bill Snyder Orchestra
“The Third Man Theme” - The Guy Lombardo Orchestra
“Birmingham Bounce” - Red Foley
    1951 - HANSON, JACK G., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company F, 31st Infantry Regiment. Place and date: Near Pachi-dong, Korea, 7 June 1951. Entered service at: Galveston, Tex. Born: 18 September 1930, Escaptawpa, Miss. G.O. No.: 15, 1 February 1952. Citation: Pfc. Hanson, a machine gunner with the 1st Platoon, Company F, distinguished himself by conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against an armed enemy of the United Nations. The company, in defensive positions on two strategic hills separated by a wide saddle, was ruthlessly attacked at approximately 0300 hours, the brunt of which centered on the approach to the divide within range of Pfc. Hanson's machine gun. In the initial phase of the action, 4 riflemen were wounded and evacuated and the numerically superior enemy, advancing under cover of darkness, infiltrated and posed an imminent threat to the security of the command post and weapons platoon. Upon orders to move to key terrain above and to the right of Pfc. Hanson's position, he voluntarily remained to provide protective fire for the withdrawal. Subsequent to the retiring elements fighting a rearguard action to the new location, it was learned that Pfc. Hanson's assistant gunner and 3 riflemen had been wounded and had crawled to safety, and that he was maintaining a lone-man defense. After the 1st Platoon reorganized, counterattacked, and re-secured its original positions at approximately 0530 hours, Pfc. Hanson's body was found lying in front of his emplacement, his machine gun ammunition expended, his empty pistol in his right hand, and a machete with blood on the blade in his left hand, and approximately 22 enemy dead lay in the wake of his action. Pfc. Hanson's consummate valor, inspirational conduct, and willing self-sacrifice enabled the company to contain the enemy and regain the commanding ground, and reflect lasting glory on himself and the noble traditions of the military service.
    1953 - Kukla, Fran (Allison) and Ollie, along with the Boston Pops Orchestra under the direction of Arthur Fiedler, were featured on the first network telecast in ‘compatible color.’ The program was broadcast from Boston, MA.
    1953 - At age 90, Mary Church Terrell led the struggle to end segregation in Washington DC restaurants, culminating at the Supreme Court. On June 8, 1953, the court ruled that segregated eating places in Washington, D.C., were unconstitutional.
    1954 - Dodger catcher Roy Campanella steals home in the 12th in a 7-5 victory over the Cardinals.
    1954 - With Big Joe Turner's "Shake, Rattle and Roll" riding high on the Billboard R&B chart, Bill Haley and His Comets enter Decca Records' New York studio to record the same number. Haley's version will enter the Pop chart next August for an amazing 27-week run and rise to #7, becoming the first Rock and Roll tune to sell a million copies. 
    1955 - First President to appear on color TV (Dwight Eisenhower)
    1958 - Prince is born Prince Roger Nelson (d. 2018) in Minneapolis. His biggest hit is "When Doves Cry," which tops Billboard's Hot 100 for five weeks and sells more than 2 million copies. On his 35th birthday in 1993 he changed his name to a symbol.
    1958 - Top Hits
“The Purple People Eater” - Sheb Wooley
“Secretly” - Jimmie Rodgers
“Do You Want to Dance” - Bobby Freeman
“All I Have to Do is Dream” - The Everly Brothers
    1963 - The Rolling Stones' first record, “Come On,” was released.
    1965 - The executive committee of the American Football League met in New Jersey and voted to expand the league to nine teams from eight.  Two months later, the league awarded the expansion franchise to Miami for $7.5 million. The ownership group headed by Joe Robbie and entertainer Danny Thomas named its team the Dolphins.
    1966 - Top Hits
“When a Man Loves a Woman” - Percy Sledge
“A Groovy Kind of Love” - The Mindbenders
“Paint It, Black” - The Rolling Stones
“Distant Drums” - Jim Reeves
   1967 - Dr. David E Smith opened the Haight Ashbury Free Clinic, the first free clinic in the U.S. without a religious affiliation. His goal was to provide free medical care for everyone under the motto "Health care is a right, not a privilege." The clinic operated in the Haight-Ashbury District through 2007, then moved most of its operations to the Mission District of San Francisco and continues to provide medical care to those who would otherwise lack access to it. The clinics merged in 2011 with Walden House, an addiction treatment organization; in 2012 they adopted a new name: HealthRIGHT 360.  Forty years later, his book:
    1968 - The Grateful Dead and The Airplane at the Carousel Ballroom in San Francisco.
    1969 - The rock group Blind Faith made its British debut at a free concert at London's Hyde Park. Over 100,000 fans attended what was called “the most remarkable gathering of young people ever seen in England.” The group was composed of Eric Clapton, Ginger Baker, Stevie Winwood and Rick Grech.
    1969 – “The Johnny Cash Show” premiered on television, CBS.
    1974 - Top Hits
“The Streak” - Ray Stevens
“Band on the Run” - Paul McCartney & Wings
“You Make Me Feel Brand New” - The Stylistics
“Pure Love” - Ronnie Milsap
    1975 – “Thank God I'm a Country Boy,” by John Denver hits #1.
    1971 - Carole King's album "Tapestry" goes gold. The album retains on the charts for three years and produces her biggest single, "It's Too Late."  It is the 81st best-selling album of all time, with over 14 million sales certified worldwide, reaching Diamond status in 1995.   It received four Grammy Awards in 1972, including Album of the Year. The lead singles from the album— “It’s Too Late" and “I Feel the Earth Move"—spent five weeks at number one on both the Billboard Hot 100 and Easy Listening charts. In 2000, it was voted number 74 in Colin Larkin’s All Time Top 1000 Albums.   In 2020, “Tapestry was ranked number 25 on Rolling Stone’s list of the 500 greatest albums of all time.
    1971 - Elton John's album, "Captain Fantastic and the Brown Dirt Cowboy" enters the U.S. chart at #1 where it stayed there for seven weeks.
    1972 - The musical “Grease” opened on Broadway. It had been playing off-Broadway for about 4 months.  By the time it closed on April 13, 1980, it had run 3,388 performances.
    1974 - "The Entertainer," the original music from the motion picture "The Sting," earned a gold record for pianist and conductor, Marvin Hamlisch
    1975 - Sony Corporation released its videocassette recorder, the Betamax, which sold for $995. RCA and others introduced the VHS format, selling originally for $1,295. The Betamax was cheaper and supposedly a better system, but Sony would not release the patent and more manufacturers produced VHS, making it cheaper and cheaper.  Perhaps what happened to Apple not releasing its software to programmers and Microsoft giving it to software developers for free, happened as Sony stopped making Betamax. If you remember, people were saying the video tape would put the movie industry out of business---just as they are saying today the internet will put the retailers out of business. In reality, both were enhanced and the consumers became the winners. VHS was eventually replaced by DVD which fell to online video and streaming services.
    1976 - "The NBC Nightly News," with John Chancellor and David Brinkley, aired for the first time. The partnership lasted until Brinkley moved to ABC News. Chancellor then held the solo anchor spot until retiring.
    1980 - Rocky Burnette's "Tired of Toeing the Line" peaks at number 8 on the Billboard Hot 100. Rocky bills himself as “The Son of Rock and Roll” as his father, Johnny Burnette, had scored a 1960 number one hit with "You're Sixteen." The feat of father and child both scoring a Top Ten hit has also been accomplished by Ozzie and Rick Nelson, Frank and Nancy Sinatra, Nat and Natalie Cole, and Pat and Debbie Boone. 
    1982 - Top Hits
“Ebony and Ivory” - Paul McCartney with Stevie Wonder
“Don't Talk to Strangers” - Rick Springfield
“I've Never Been to Me” - Charlene
“Finally” - T.G. Sheppard
    1982 - Dodger first baseman Steve Garvey becomes only the fifth player in Major League history to play in 1,000 consecutive games.
    1984 - 42 tornadoes touched down in the upper Midwest with 21 of them occurring in Iowa. An F4 tornado tracked 30 miles through Mahaska and Keokuk counties in Iowa, killing 2 people and injuring 51. The small town of Wright was practically wiped out. Barneveld, Wisconsin was devastated shortly before midnight as a F5 tornado chewed up the town. 90 percent of the town was damaged or destroyed, 9 people were killed, and 197 were injured.
    1990 - Top Hits
“Vogue” - Madonna
“All I Wanna Do is Make Love to You” - Heart
“Hold On” - Wilson Phillips
“I've Cried My Last Tear for You” - Ricky Van Shelton
    1993 - The Who's Pete Townshend and Chuck Berry are among those present for the ground breaking ceremony for the Rock and Roll Hall of Fame in Cleveland, seven years after the city won the right to host the building. Guests stood on a guitar shaped stage at the construction site on the shore of Lake Erie.
2006 - US forces in Iraq killed terrorist Abu Musab al-Zarqawi.  A Jordanian jihadist who ran a paramilitary training camp in Afghanistan, he became known after going to Iraq and master-minding a series of bombings, beheadings, and attacks during the Iraq War, reportedly "turning an insurgency against US troops" in Iraq "into a Shia-Sunni civil war.”  In late 2004, he joined al-Qaeda and pledged allegiance to bin Laden. He dispatched numerous suicide bombers throughout Iraq to attack American soldiers and areas with large concentrations of Shia militias. He is also thought to be responsible for the 2005 bombing of three hotels in Amman, Jordan.  Zarqawi was killed in a targeted killing by a joint U.S. force while attending a meeting in an isolated safehouse.
    2013 – According to a new study, breast milk boosts brain development by 30% compared to babies who are fed formula.
    2020 - COVID-19 global death toll passes 400,000 with confirmed cases at 6,973,195 according to Johns Hopkins figures.

NBA Champions:
   1978 - Washington Bullets
Stanley Cup Champions:
   1997 - Detroit Red Wings
   2018 – Washington Capitals



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