Wednesday, March 8, 2023
Today's Leasing News Headlines
New Hires/Promotions in the Leasing Business
and Related Industries
Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Sales Makes it Happen by Scott Wheeler, CLFP
Arizona Records $1.4 Billion
in Cannabis Sales in 2022
Canadian Asset Finance Business Confidence Survey
Results Show Improvement Compared
to 2022’s Second Half
Cerritos, California Adopt-a-Dog
Selecting an Equipment Finance Partner
By Amy Thomas, Key Equipment Finance
News Briefs ---
Verde and Chesswood Announce Forrward Flow
Agreement for Tandem Finance and Pawnee
Fed Chair Opens Door to Faster Rate Moves
and a Higher Peak
Microsoft job cuts in Seattle area reach 2,184 people,
as part of 10,000 layoffs globally
Amazon buys big Bay Area industrial site
where factory closed
Hot Dogs Can Explain How Our View of Inflation
and Employment Changes With the Seasons
You May Have Missed
Who Should Work at Home.
What’s your workplace personality?
Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen
This Day in History
Weather, USA or specific area
######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.
New Hires/Promotions in the Leasing Business
and Related Industries
Travis Melchior was announced as Strategic Account Executive, LTI Technology Solutions, LTI Technology Solutions, Omaha, Nebraska. He works out of the New Jersey office, and is personally located in the New York City Metropolitan Area. “His main role was making new connections and expanding LTi’s reach. In 2019, Travis moved to a Strategic Account Manager role where he became a vital piece of the puzzle to connect us to our customers. Here he learned what our customers were needing in their software to be successful." He joined LTI May, 2015, as Sales Executive. Previously, he was Senior Sales Manager, Heldtens (August, 2014 - January, 2015); Account Executive, Bizo (September 2013 - July, 2014). Full Bio:
Andrea Dallas was promoted to Senior Loan Coordinator, Enterprise Bank and Trust, Cerritos, California. She is located in Santa Ana, California. She joined the Bank August, 2022. She began her career at Quail Financial Solutions (Quail Capital) November, 2012, promoted to Funding Manger, November, 2016, promoted to Vice President of Documents and Funding (August, 2018 – August, 2022).
Dan Foley was promoted at First American Healthcare Finance, Helena, Montana. He joined the firm February, 2019, as Assistant Vice President. He was Varsity Boys’ Basketball Assistant, Irondequoit High School (August, 2015 – July, 2019). He joined Paychex October, 2014, as National Sales Representative, promoted October, 2015, Merchant Services Sales Representative. Full Bio:
Hussein Manji was promoted to Vice President and National Head, HSBC Equipment Finance, Birmingham, United Kingdom. He works out of the Toronto, Ontario branch, Canada. He is located in Toronto, Ontario, Canada. He joined the bank August, 2019, Assistant Vice President and Manager, Ontario Region, HSBC Equipment Finance, Commerce Banking. Previously, he was Senior Regional Manager, TD Equipment Finance, Commercial Banking (November, 2015 – July, 2018), He began his career at Canadian Western Bank, starting April, 2007 as Manager, Equipment Financing Group, promoted September, 2013, Senior Manager and Team Lead, Calgary North,
Equipment Financing Group.
Leasing and Finance Industry Help Wanted
Sales Makes it Happen by Scott Wheeler, CLFP
A top-producing originator recently explained how he is diligently working to keep his information relevant. He is building his database for the future rather than as an observation of the past. He is finding that many of the contacts within his database have recently changed (especially within vendors). Past recording of competition, product lines, equipment types, or even needs and wants of vendors or end-users have changed in the last six months and are no longer valid.
He commented that outdated, inaccurate data is more ineffective than no information at all. By deleting old inaccurate information and replacing it with up-to date data he now has the confidence to focus on those clients and prospects that he has the greatest ability to assist in 2023 and beyond.
A static unchanging database can provide false security for an originator or a company. Effective databases are like a living organism; constantly changing, expanding, and contracting as market conditions change.
At one of my visits, a veteran originator explained how he re-profiles his vendors and end-users on a continuous basis.
- Confirms a listing of all sales reps within his top vendors.
- Constantly asks end-user contacts who else he can communicate with within their company and maintains an up-to-date listing of decision makers.
- Routinely asks about competition. More importantly, he tracks the strengths and weaknesses of specific competitors - these attributes are quickly changing within today's market.
- Actively asks vendors and end-users what changes they are experiencing and how those changes are affecting their business.
It is essential that originators keep their data up to date in a rapidly changing market.
Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: email@example.com
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:
Arizona Records $1.4 Billion
in Cannabis Sales in 2022
The total marijuana sales in Arizona in 2022 were similar to those in 2021, the first year the drug was legal for adult use, but the routes by which each year's sales reached $1.4 billion were remarkably different. In 2021, medical cannabis sales accounted for $760 million, or nearly 55% of total sales. In 2022, recreational marijuana took the lead, accounting for roughly 70% of total sales, totaling more than $950 million. The medical cannabis market has dropped to just over $500 million.
Recreational cannabis sales ended 2022 with its best monthly total in December, totaling about $86.6 million, a small increase from the $85.8 million in the previous month. The monthly sales of medical marijuana remained stable, falling to $31.9 million from $31.1 million between November 2022 and December 2022.
Since the beginning of the legalization of adult-use in January 2021, cannabis sales have totaled $2.9 billion in both markets. Since April 2021, medical sales have decreased almost every month, with a few exceptions, such as July, when sales reached $71.6 million following a $5 million decline in June.
##### Press Release ############################
Canadian Asset Finance Business Confidence Survey
Results Show Improvement Compared to 2022’s Second Half
The CFLA’s 2023 Q1 and 2 Industry Business Confidence Survey results indicate improvement. Only 24 per cent of respondents expressed pessimism about their company’s prospects over the next six months.
Toronto, ON, Canada– The Canadian Finance and Leasing Association (CFLA) released the results of its 2023 Q1 and 2 Industry Business Confidence Survey. Individual sentiment on most responses improved from the previous 2022 Q3 and 4 surveys, though sentiment is still lower than the historical average.
Business Confidence Survey highlights:
• Twenty-four per cent of respondents indicated pessimism about their company’s prospects compared to 28.5 per cent from the previous survey in 2022 Q3 and 4;
• Seventy percent of respondents expect overall margins to increase or stay the same, compared to 40 per cent in the previous survey;
• Fifty-four per cent of respondents expect new business volumes to increase, compared to 48 per cent in the previous survey.
Michael Rothe, CFLA President and CEO, remarked, “I’m pleased to see more optimism in the market amidst predictions of a looming recession.
“I know we still have some difficult economic headwinds coming our way, but I’m confident our industry will continue innovating and working hard to help Canadian businesses prosper.”
The data the Industry Business Confidence Survey captures:
Conducted semi-annually, the CFLA Business Confidence Survey asks individual respondents about their outlooks on business volumes, margins, debt ratios, credit approvals, mergers and acquisitions, availability of capital, delinquency rates, and staffing. The survey is an individual sentiment analysis and does not reflect the opinions of the CFLA or its member companies.
The CFLA publishes more information about its Industry Business Confidence Survey online and provides CFLA members with a detailed report on the results. Visit the CFLA at www.cfla-acfl.ca to learn more.
About the CFLA:
The Canadian Finance and Leasing Association is the only organization advocating the interests of Canada's asset-based financing and vehicle and equipment leasing industry. Through the CFLA, members help shape the industry's future within the competitive financial services sector.
Established in 1993 through the merger of the Canadian Automotive Leasing Association and the Equipment Lessors Association of Canada, the CFLA grew from 61 member companies to over 200 today
### Press Release ############################
Cerritos, California Adopt-a-Dog
My name is BAGEL. I am a loveable, curious, 100 lb., 8 year old female looking for my "Fureverhome"! My foster family has done great work with me and describe me as a sweet, calm, loving girl who enjoys playing fetch and going on walks. When I am in need of your love, I put my paw on you to tell you its belly rubbing time. I give kisses and am wonderful with children. They say I am good around most dogs, but I do struggle with small breeds and cats so I would rather be in a loving home with larger pets who are low energy and calm, who don’t try to boss me around. Even though my teeth are very worn down, I love to eat kibble and I still love to play with squeaky toys and balls.
May not be time to visit, but call or contact to know more about Bagel
or other dogs.
Sunny Saints, Southern California St. Bernard Rescue
Site notes: closes at 9pm
By Amy Thomas, Key Equipment Finance
U.S. businesses will spend more than $2 trillion in equipment and software this year, and a significant amount of those assets will be financed. Below are the Top 10 Equipment Acquisition Trends for 2023, according to the Equipment Leasing and Finance Association.
Through all of these anticipated trends, consider the depth and breadth of your equipment financing partner. Do they provide outstanding support, industry expertise and extraordinary people?
1. The majority of equipment acquisitions will be financed
In 2023, more than half (55%) of equipment acquisitions are forecast to be financed. Eight out of 10 businesses use leases, secured loans or lines of credit for their acquisitions. Protection from equipment obsolescence, tax advantages and cash flow optimization will be the top drivers for end-users to finance.
2. Businesses will utilize equipment and software investment to offset labor costs
To reduce dependence on labor, businesses in some industries will increase their use of automation and other labor-saving equipment. Additional benefits will be increased economic productivity and downward pressure on inflation in the long term.
3. Normal supply chain backlogs will ease equipment acquisitions
By most measures, supply chain backlogs have returned to their historical averages, and will ease equipment delivery delays or shortages this year. A combination of cooling demand and an improving public health situation have given suppliers a chance to catch up. In addition, global supply chains disruptions have triggered a paradigm shift with many large organizations “near-shoring” and/or “re-shoring” elements of their supply chains.
4. Many equipment types will thrive amid a slow-growth economy
Despite a souring economic backdrop, residual effects of the pandemic will spur demand for certain equipment types. Post-pandemic hybrid work arrangements will require acquisitions of equipment types such as computers, software, office equipment and communications equipment. Aircraft investment will boom early in the year as supply chains unwind and travelers return to the skies. Medical equipment appears to be another stand-out vertical for 2023.
5. Federal spending will provide a boost to equipment investment
Three major bills passed in Congress authorize at least $600 billion in new funding for a variety of industrial and infrastructure projects and should provide a sharp boost to equipment investment. Funding from these bills will be distributed over the next five years, and should help backstop the U.S. manufacturing sector and increase the demand for equipment in 2023 and beyond.
6. Explosive growth in green projects will drive demand for “climate financing”
Organizations are committed to cutting their production and emissions of greenhouse gases and require equipment from wind turbines and solar energy systems to microgrids, storage facilities for lithium-iron and hydrogen batteries, electric vehicles and more. Globally, an estimated $18 trillion of climate-focused equipment is forecast to be financed between now and 2030.
7. “Wild cards” will factor into business investment decisions
Businesses will keep an eye on other areas that could impact their equipment acquisition strategies in addition to the trends above. Tightening credit, a potential debt-ceiling showdown in Congress and energy price increases due to Russia’s war on Ukraine are among potential business impacts.
8. The U.S. economy may experience sluggish growth in 2023
U.S. GDP growth bounced back during the second half of 2022, but underlying conditions remain troubling, including a struggling housing market, volatile financial markets and the slowing global economy. With a mild recession expected to begin midway through the year, U.S. GDP growth is forecast at 0.9% (annualized) for 2023.
9. The pace of growth in capital spending may continue to slow
A surge of 12% annualized growth in capital spending in Q3 2022 provided a solid jumping-off point for 2023. While growth in equipment and software investment has been steady since the onset of the pandemic, rising interest rates, high inflation and other economic uncertainties are expected to weigh on investment with 4.2% growth forecast for this year.
10. Financial conditions will tighten regardless of interest rate
Interest rate levels are expected to rise above 5% this year, and potentially higher as the Fed continues to battle inflation despite the risk of an economic downturn. Even if rate increases slow down or pause later in the year, the Fed’s shrinking balance sheet will contribute to tighter financial conditions.
This Day in American History
1717 - On Fishers Island in Long Island Sound, 1200 sheep were discovered to have been buried under a snow drift for four weeks. When finally uncovered, one hundred sheep were still alive.
1775 - An anonymous writer, thought by some to be Thomas Paine, published "African Slavery in America," the first article in the American colonies calling for the emancipation of slaves and the abolition of slavery.
1782 - In Gnadenhutten in the Ohio territory, American militiamen massacre 96 Christian Delaware Indians in retaliation for raids executed by other tribes.
1790 - The first U.S. Census started this month and was completed on August 1. The population was placed at 3,929,625, including 697,624 salves and 59,557 free blacks. The most populous state was Virginia with 747,610 people, and the largest city was Philadelphia, with a population of 42,444. The center of U.S. population was about equally divided among New England, the Middle Atlantic States, and the South. Massachusetts was the only state to report no slaves.
The Encyclopedia of American Facts and Dates
1817 – The New York Stock Exchange was founded.
1841 – Oliver Wendell Holmes (d. 1935) was born in Boston. He was nominated for Associate Supreme Court Justice by President Theodore Roosevelt in 1902 and remained so until 1932.
1855 – The first train crossed the first U.S. railway suspension bridge over Niagara Falls.
1862 - The Confederate ironclad Virginia destroyed two Union frigates at Hampton Roads, Va., whereupon the Virginia retired, leaving the Union blockade intact. The crew of the Monitor, following naval regulations, had been using only half charges in its two 12-inch guns.
1862 - Nat Gordon, last pirate, was hanged in NYC for stealing 1,000 slaves.
1863 - In a daring raid with his commando-style raiders, Colonel John Mosby captured Union General E.H. Stoughton from his headquarters in Fairfax County Courthouse in Virginia. Mosby's irregular forces patrolled northern Virginia that became known as Mosby's Confederacy. Supported by the local populace and reviled by his Northern enemies, Mosby's Rangers were one of the most successful of the Southern irregular forces.
1880 – President Rutherford Hayes declared that the U.S. would have jurisdiction over any canal built across the Isthmus of Panama.
1888 - Susan B. Anthony appeared before the House Judiciary Committee for four days, appealing for the woman's right to vote. On June 15, 1919, they passed what they called the “Anthony Amendment” which the states ratified on August 26, 1920, giving women the right to vote in the United States.
1894 - The first animal control law in the US was a New York dog license law, enacted on this date.
1900 – The National League owners voted to shrink to eight teams. They paid the Baltimore Orioles owners $30,000 for their franchise, with Charles Ebbets and Ned Hanlon reserving the right to sell the players. Cleveland, Louisville, and Washington received $10,000 each, with Louisville owner Barney Dreyfuss sending most of his players to his Pittsburgh Pirates team. The league remained the same until the Boston Braves moved to Milwaukee in 1953.
1909 - The town of Brinkley, AR was struck by a tornado which killed 49 persons and caused $600,000 damage. The tornado, which was two-thirds of a mile in width, destroyed 860 buildings. Entire families were killed as houses were completely swept away by the tornado. Tornadoes killed 64 persons and injured 671 others in Dallas and Monroe counties during the Arkansas tornado outbreak.
1912 - Birthday of Louise Beavers (d. 1962) at Cincinnati, Ohio. Her Hollywood career spanned 30 years and more than 125 films. Though she was forced to play stereotypical roles, such as those of maids, her authentic talent was always apparent. Her starring role in the film Imitation of Life earned her high praise. Beavers was a member of the Black Filmmakers Hall of Fame. She also played the title role in the TV series ‘Beulah' (1951—53).
1913 - The Internal Revenue Service began to levy and collect income taxes. The 16th Amendment to the Constitution, ratified Feb 3, 1913, gave Congress the authority to tax income. The US had also levied an income tax during the Civil War. President Abraham Lincoln signed into law a bill levying a 3 percent income tax on annual incomes of $600—$10,000, and 5 percent on incomes of more than $10,000. The revenues were to help pay for the Civil War. Unlike an earlier law passed August 5, 1851, rescinded in 1872, it was the first income tax levied by the US.
1922 - Carl Furillo (d. 1989) was born at Stony Creek Mills, PA. “Skoonj” played right field for the Brooklyn Dodgers “Boys of Summer” teams of the late 1940's and 1950's. A member of seven National League champions from 1947 to 1959 inclusive, he batted over.300 five times, winning the 1953 batting title with a.344 average – then the highest by a right-handed hitting Dodger since 1900. He compiled a .299 lifetime batting average and was known for his strong throwing arm, giving rise to his nickname, the “Reading Rifle.”
1922 – Al Gionfriddo (d. 2003) was born near Altoona, PA. His brief Major League career is largely unnoticed except for his outstanding catch during the 1947 World Series for the Brooklyn Dodgers that robbed Joe DiMaggio of the Yankees of a home run in Game 6. He never appeared in another Major League game. Dodgers’ announcer Red Barber's call and the accompanying video have endured. The Redhead’s call: "Everyone knows that with one swing of the bat and the big fella’s capable of tying up the ball game. Here's the pitch, swung on -- belted! It's a long one deep into left center -- back goes Gionfriddo! Back-back-back-back-back-back... he makes a one-handed catch against the bullpen! Ohhh-hooo, Doctor! [Pause for crowd noise.] He went exactly against the railing in front of the bullpen and reached up with one hand and took a home run away from DiMaggio.”
1923 - Judge Kenesaw Mountain Landis, MLB Commissioner, allowed former New York Giants pitcher Rube Benton to return. Benton had admitted prior knowledge of the 1919 World Series fix but remained active but in the minors with St. Paul where he won 22 games. NL President John Heydler disagreed with Landis, calling Benton undesirable, but did not stop the Cincinnati Reds from signing him.
1925 - Bernarr McFadden was a physical culturist who had a radio show in New York City. He failed to show up this day for his daily morning program, causing a young, studio engineer, John Gambling, to ad-lib on the air for a solid hour. As a result, the radio station (WOR) decided to give Gambling the morning announcer's job. John Gambling stayed at WOR for many years, then turned the mike over to his son, who, finally, turned the program over to his son ... all named John. Mr. Gambling's "Rambling with Gambling" program attracted tri-state (New York, New Jersey, Connecticut) audiences in record numbers for over 70 years on the 50,000 watt talk-radio powerhouse at 710 AM on your radio dial from New York each morning.
1927 - Birthday of pianist Dick Hyman, NYC. Perhaps best known as the music director for Arthur Godfrey.
1930 – At a time when nearly all contracts were for one-year, Babe Ruth signed a two-year contract with the Yankees for $160,000. At $80,000 per year, he becomes the highest-paid player of all time. This followed a three-year contract where he was paid $70,000 per. When told he was making more than the president of the US, Ruth replied, “I had a better year than he did.” This was after the Crash of 1929.
1934 - Edwin Hubble photo showed as many galaxies as Milky Way has stars.
1935 - Trumpet player Wingy Manone records “Isle of Capri.”
1935 - Thomas Wolfe's second novel, “Of Time and the River,” is published to great acclaim.
1935 - Saxophone player George Coleman born Memphis TN
1936 - Guitarist Gabor Szabo (d. 1982) born Budapest, Hungary. http://www.dougpayne.com/bio.htm
1938 – Lou Gehrig rejected the latest contract offer from the Yankees to a one-year deal worth $39,000. Four days later, Gehrig agreed to the same Yankees offer and end his holdout.
1939 – Pitcher-turned-author-turned entrepreneur Jim Bouton (d. 2019) was born in Newark, NJ. After a long career during which he appeared in three World Series with the Yankees, during his final year with the Seattle Pilots, he wrote “Ball Four,” the ground-breaking tell-all that forever changed the writing covering all sports. Once his baseball career ended a second time, Bouton became one of the inventors of “Big League Chew,” shredded bubblegum designed to resemble chewing tobacco and sold in a tobacco-like pouch.
1940 - Cab Calloway Band records “Diz's Pickin' the Cabbage,” perhaps the first Dizzy Gillespie music recorded.
1943 - MATHIS, JACK W. (Air Mission), Medal of Honor
Rank and organization: First Lieutenant, U.S. Army Air Corps, 359th Bomber Squadron, 303d Bomber Group. Place and date: Over Vegesack, Germany, 18 March 1943. Entered service at: San Angelo, Tex. Born: 25 September 1921, San Angelo, Tex. G.O. No.: 38, 12 July 1943. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy over Vegesack, Germany, on 18 March 1943. 1st Lt. Mathis, as leading bombardier of his squadron, flying through intense and accurate antiaircraft fire, was just starting his bomb run, upon which the entire squadron depended for accurate bombing, when he was hit by the enemy antiaircraft fire. His right arm was shattered above the elbow, a large wound was torn in his side and abdomen, and he was knocked from his bomb sight to the rear of the bombardier's compartment. Realizing that the success of the mission depended upon him, 1st Lt. Mathis, by sheer determination and willpower, though mortally wounded, dragged himself back to his sights, released his bombs, then died at his post of duty. As the result of this action the airplanes of his bombardment squadron placed their bombs directly upon the assigned target for a perfect attack against the enemy. 1st Lt. Mathis' undaunted bravery has been a great inspiration to the officers and men of his unit.
1945 - Following changes in Navy recruitment and admittance procedures that had previously excluded black women from joining the Nurse Corps. Phyllis Mae Daley received a commission in the US Navy Nurse Corps. She later became the first African-American nurse to serve duty in World War II.
1946 – Randy Meisner was born in Scottsbluff, NE. A founding member of the Eagles, his main role was that of bassist and backing high-harmony vocalist as both a group member and session musician. He co-wrote the Eagles hit song "Take It to the Limit," which he also sang.
1947 – Carole Bayer Sager was born in NYC. A prolific lyricist and songwriter, she had many hits during the 1970s. With Marvin Hamlisch and Neil Simon, she wrote the lyrics for the stage musical “They’re Playing Our Song,” which was loosely based on her relationship with Hamlisch. The musical ran for over three years on Broadway. Many of Bayer Sager's 1980s songs were co-written with her former husband, the composer Burt Bacharach. Bayer Sager has won an Academy Award for Best Original Song (out of six nominations) in 1982 for "Arthur’s Theme (Best That You Can Do),” which was the theme song of the movie “Arthur,” a Grammy Award (out of nine nominations), and two Golden Globe Awards (out of seven nominations). She was inducted into the Songwriters Hall of Fame in 1987.
1948 - 1960s pop singer Little Peggy March, whose real name is Margaret Battavio, was born in Lansdale, Pennsylvania. She was heard singing at a cousin's wedding and someone passed the word along to RCA Victor. She was only 14 when she recorded "I Will Follow Him," which topped the Billboard Hot 100 in the spring of 1963.
1951 - Pianist James Williams (d. 2004) born Memphis, TN
1954 - The Milwaukee Hawks and the Baltimore Bullets played the only two-team doubleheader in NBA history. The Hawks won both games, 64-54 and 65-54.
1955 - Top Hits
”Sincerely” - McGuire Sisters
“The Crazy Otto” (Medley) - Johnny Maddox
“The Ballad of Davy Crockett” - Bill Hayes
“In the Jailhouse Now” - Webb Pierce
1959 - Just four weeks after being released, Frankie Avalon's "Venus" tops the US singles chart. Al Martino was offered the song first, but he turned it down.
1963 - Top Hits
“Walk Like a Man” - The 4 Seasons
“Rhythm of the Rain” - The Cascades
“You're the Reason I'm Living” - Bobby Darin
“The Ballad of Jed Clampett” - Flatt & Scruggs
1964 - Malcolm X announces split with Nation of Islam.
1964 - 1965 - The first U.S. combat forces in Vietnam, more than 3500 Marines, landed in South Vietnam to guard the U.S. Air Force base at Da Nang. They joined 23,500 other Americans serving as “advisers” in South Viet Nam. The United States began supplying Viet Nam with troops to fight the Japanese. In 1945, Lt. Col. A. Peter Dewey, head of American OSS mission, was killed by Vietminh troops while driving a jeep to the airport. Reports later indicated that his death was due to a case of mistaken identity -- he had been mistaken for a Frenchman. in 1945. After World War II, to stop communism, President Truman sent over military advisors. The first American to be killed was an OSS officer. In 1950, more aid was sent; $10 million dollars and 35 troops. Eisenhower continued this policy. During his term, Eisenhower will greatly increase U.S. military aid to the French in Vietnam to prevent a Communist victory. U.S. military advisors will continue to accompany American supplies sent to Vietnam. To justify America's financial commitment, Eisenhower will cite a 'Domino Theory' in which a Communist victory in Vietnam would result in surrounding countries falling one after another like a "falling row of dominoes." The Domino Theory will be used by a succession of Presidents and their advisors to justify ever-deepening U.S. involvement in Vietnam. Kennedy continued this policy. On December 21, 1961 that President Kennedy sent troops to Vietnam, actually 425 helicopter crewmen to provide support and training for South Vietnamese forces. It was not until Johnson had made promises to send in troops on his visit to Viet Nam. In 1961, during a tour of Asian countries, Vice President Lyndon Johnson visits Diem in Saigon. Johnson assures Diem that he is crucial to US objectives in Vietnam and calls him "the Churchill of Asia." It was he who was promoting a war to “stop communism.” He did not want to appear soft. History shows the first ground troops sent to Vietnam were 3,500 Marines who landed at the port of Da Nang in South Viet Nam on March 8,1965, authorized by President Johnson. The Marine's mission was to guard the air base there. They raised the total U.S. troop strength in Vietnam to 27,000. Eventually over 400,000 troops would be in Southeast Asia. It was Johnson's war. It was the reason he did not seek a second term.
1966 - The Baseball Hall of Fame waived one of its election rules and selected Casey Stengel as the newest member of the Hall. Stengel managed the New York Mets for much of the 1965 season before falling and breaking his hip. The injury ended the elderly Stengel's career. Given his age, the Veterans Committee decides to make him immediately eligible for Cooperstown, based upon his record-breaking accomplishments of the New York Yankees from 1949-60, during which time his teams went to 10 World series, winning 7.
1968 - Tommy Moore, 6 years old, made a hole-in-one at the Woodbrier Golf Course in Hagerstown, MD.
1968 - Bill Graham, owner of the Fillmore, San Francisco's legendary rock ballroom, opens Fillmore East in New York City. Opening bill features Albert King, Tim Buckley & Big Brother & the Holding Company.
1968 - Meanwhile, back in the San Francisco Bay area, Cream, James Cotton Blues Band, Jeremy Satyrs, & Blood Sweat & Tears at the Fillmore Auditorium. Over to the Avalon Ballroom is Love, Congress of Wonders, & Sons of Champlin.
1969 - Sly and the Family Stone began their fourth, and final, week at number one on the pop music charts with "Everyday People." When he was presented with the gold record for this achievement, Sly ripped it out of its case and played it, to hear, "People," by Barbra Streisand. He was heard to utter a few not printable words.
1971 - Top Hits
“One Bad Apple” - The Osmonds
“Mama's Pearl” - The Jackson 5
“Me and Bobby McGee” - Janis Joplin
“I'd Rather Love You” - Charley Pride
1971 - Joe Frazier won a 15-round unanimous decision over Muhammad Ali at New York's Madison Square Garden to become the heavyweight champion of the world. For the night, both Frazier and Ali collected $2,500,000.
1971 - A snowstorm dropped 10 to 20 inches of new snow across Vermont to raise snow depths to record levels. 116 inches was measured on the ground on top of Mount Mansfield, the second highest snow depth ever recorded on the mountain up to the time. The town of Orange measured 88 inches on the ground for a new state low elevation snow depth record.
1975 - Olivia Newton-John reached #1 on the pop charts with "Have You Never Been Mellow." Olivia also reached the top spot with "I Honestly Love You," "You're the One That I Want" (with John Travolta), "Magic" and "Physical."
1976 - Gary Wright is awarded a gold record for "Dream Weaver."
1979 - Top Hits
“Da Ya Think I'm Sexy?” - Rod Stewart
“I Will Survive” - Gloria Gaynor
“Tragedy” - Bee Gees
“Golden Tears” - Dave & Sugar
1986 - Martina Navratilova became the first woman tennis player to pass the $10 million mark in career earnings. She also set the single year record, $2,173,556 in 1984.
1987 - A record 24-hour temperature fall began at Detroit, Michigan. It started at 1:00 PM EST with a temperature of 74 degrees when a sharp cold front dropped the temperature down to 23 degrees at 1:00 PM EST on the 9th. The total temperature fall for the 24 hour period was 51 degrees. Thirty-two cities in the eastern U.S. reported new record high temperatures for the date, including Madison, WI with a reading of 71 degrees. Afternoon highs of 68 degrees at Houghton Lake, MI and 74 degrees at Flint, MI smashed their previous records for the date by fourteen degrees.
1987 - Top Hits
“Livin' on a Prayer” - Bon Jovi
“Jacob's Ladder” - Huey Lewis & The News
“Somewhere Out There” - Linda Ronstadt & James Ingram
“Mornin' Ride” - Lee Greenwood
1990 - Late afternoon thunderstorms produced severe weather in east central Iowa and west central Illinois. Thunderstorms spawned a tornado south of Augusta, IL which traveled 42 miles to Marbleton. Golf ball size hail was reported at Peoria, IL and near Vermont, IL.
1992 - In the first 8 days of March, Las Vegas, Nevada recorded 1.87 inches of rain. This set a new monthly record for rainfall in March. The previous record was 1.83 inches set in 1973.
1994 - Scottie Pippen and Pete Myers of the Chicago Bulls became the first teammates in NBA history to make four point plays in the same game. A four-point play is a three-point field goal followed by a free throw. The Bulls beat the Atlanta Hawks, 116-95.
1994 - A major snowstorm buried sections of Oklahoma, Missouri, and Arkansas. Ozark Beach, Missouri recorded 19 inches of snow, while Harrison, Arkansas checked in with 18 inches. Tulsa, Oklahoma had 12.9 of snow, for its greatest single storm snowfall ever.
1994 - Top Hits
“The Sign” - Ace Of Base
“The Power Of Love” - Celine Dion
“Whatta Man” - Salt-N-Pepa Featuring En Vogue
“Without You/Never Forget You” - Mariah Carey
1996 - Elkins, West Virginia received 2.1 inches of snow on this day to bring its seasonal snowfall to 125.8 inches -- its snowiest winter on record.
1996 - An updated remake of “La Cage Aux Folles,” “The Birdcage” starring Robin Williams, Nathan Lane, Gene Hackman, Dianne Wiest, and Calista Flockhart, opened in United States theaters. The farcical film, directed by Mike Nichols, won a Screen Actors Guild award for Outstanding Performance by a Cast.
1999 – The Yankee Clipper sailed. Yankees Hall of Fame centerfielder Joe DiMaggio died of a lung cancer at age 84. He batted .323 in his first season and helped the Yanks to the 1936 World Championship, the first of four consecutive, then a Major League record for consecutive World Series wins. During his 13-year career, DiMaggio participated in 10 World Series, with his team winning nine times. In 1941, DiMaggio achieved one of sports’ most famous milestones when he compiled a record 56-game hitting streak.
2011 – Major League Baseball named Dodgers Assistant General Manager Kim Ng, the highest-ranking woman in the Majors, as Senior Vice-President of Baseball Operations. She reported to former Dodgers manager Joe Torre, who was named Executive Vice-President of Baseball Operations. In 2020, she was named the Marlins' general and she remains the highest-ranking female baseball executive. She is the first woman to serve as general manager of a team in the four major sports leagues in North America and the first person of East Asian descent top serve as GM of a MLB team.
2019 - All 28 members of the US women’s national team filed a discrimination lawsuit against the US Soccer Federation (USSF) on Friday, just three months before defending the Women’s World Cup title. The lawsuit claims that the discrimination affects not only the amount the players are paid but also their playing, training, and travel conditions. In May 2020, several key parts of the case were dismissed, with the federal judge noting that the team had agreed to take higher base compensation and other benefits in their most recent CBA instead of the bonuses received by the men's national team.
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
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