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'Not going to jump ship’: Here’s how First Republic
Bank customers are reacting to its struggles

######## 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.

ELFA Monthly Report Continues Downward Trend
February Down 10%, $7.9B from January $8.8

(Chart: Leasing News)

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), Volume was down 10 percent from $8.8 billion in January. Year-to-date, cumulative new business volume was up nearly 9 percent compared to 2022. Overall new business volume for February was $7.9 billion, up 11 percent year-over-year from new business volume in February 2022.

(ELFA Chart)

Receivables over 30 days were 1.8 percent, down from 1.9 percent the previous month and up from 1.7 percent in the same period in 2022. Charge-offs were 0.32 percent, down from 0.34 percent the previous month and up from 0.09 percent in the year-earlier period.

Credit approvals totaled 75.7, up from 75.1 percent in January. Total headcount for equipment finance companies was down 3.7 percent year-over-year.

(ELFA Charts)

Full ELFA Press Release:
https://www.elfaonline.org/knowledge-hub/mlfi-25-monthly-leasing-and-finance-index/view-mlfi/monthly-leasing-and-finance-index-february-2023

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Formal Statement from Federal Reserve Board
The Reasons Behind the Interest Rate Increase

Recent indicators point to modest growth in spending and production. Job gains have picked up in recent months and are running at a robust pace; the unemployment rate has remained low. Inflation remains elevated.

The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-3/4 to 5 percent. The Committee will closely monitor incoming information and assess the implications for monetary policy. The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; and Christopher J. Waller.

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Americans Turn to Social Media
For News, Despite Lower Trust

Social media is the most commonly used news source among U.S. respondents that consume the news daily, according to a poll by Morning Consult. This was followed by network news (26 percent), cable news networks (21 percent) and radio (20 percent).

As our chart shows, high usage doesn’t necessarily equate to a strong perception of trustworthiness. Where the radio was considered the most reliable source - despite being listened to regularly by a smaller group - the opposite was true of social media, which had a higher usage but half the share of people that trusted it.

A 2021 UNICEF-Gallup survey drew a similar conclusion, this time looking at several countries around the world. It found that while a higher share of young people (15-24 year olds) relied on social media rather than other sources to stay informed about current events, they did not necessarily trust the information they found there.

Not included in the chart but still worthy of note is the generational divide between go-to news sources. According to Morning Consult’s data, older adults were more likely to opt for traditional media such as cable news networks (32 percent for 65+, 24 percent for 45-64 year olds, 18 percent for 35-44 year olds, 12 percent for 18-34 year olds) and newspapers (21 percent of 65+, versus 9-10 percent in the other age groups), while younger audiences were most drawn to social media platforms (45 percent for 18-34 year olds, 44 percent 35-44 year olds, 33 percent 45-64 year olds, 24 percent 65+).

Anna Fleck
anna.fleck@statista.com
Statista

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Interesting News from DFPI - California Financial
Protection & Information - on Silicon Valley Bank
(News Media Put the Blame on FDIC Surveillance)

On March 10, the DFPI announced that, pursuant to California Financial Code section 592, it took possession of Silicon Valley Bank, citing inadequate liquidity and insolvency. The DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of Silicon Valley Bank.

On March 12, the FDIC announced actions to complete its resolution of Silicon Valley Bank “in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”

On March 12, the Federal Reserve Board announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

Silicon Valley Bank is a state-chartered commercial bank based in Santa Clara and a member of the Federal Reserve System, with total assets of approximately $209 billion and total deposits of approximately $175.4 billion as of Dec. 31, 2022. Its deposits are federally insured by the FDIC subject to applicable limits.

For information about FDIC coverage limits and requirements, visit www.fdic.gov or call toll-free 1-877-ASK-FDIC

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Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

An enduring sex symbol from the 1960s on, Raquel Welch (1940-2023) brought her iconic mix of beauty and humor to a variety of movies. So check out our list for the groundbreaking pinup’s best screen appearances.

Fantastic Voyage (1966): Welch had one of her first notable roles in this striking science-fiction classic, directed by Richard Fleischer as a variant of his previous hit “20,000 Leagues Under the Sea.” The plot centers on a scientific discovery that allows human beings to be shrunk down to molecular size, which comes in handy to save the life of a scientist who’s gone into a coma due to an assassination attempt. A top-secret team is assembled to navigate the man’s bloodstream, including a government agent (Stephen Boyd), a philosophical doctor (Arthur Kennedy), and a suspicious consultant (Donald Pleasence). Welch plays the team’s sole female member, an intrepid assistant who has a memorableencounter with antibodies. Noted for its Oscar-winning special-effects, this remains an enjoyable mix of the clinical and the poetic.

Bedazzled (1967): A wittycomic duo in the Sixties, Dudley Moore and Peter Cook had their best feature collaboration in this bright update of the Faust legend, directed by “Singin’ in the Rain” veteran Stanley Donen. Moore plays Stanley Moon, a Britishcook too bashful to declare his love for Margaret (Leonor Bron), a waitress who works with him. Enter the devilish Mister Spiggot (Cook), who offers Stanley seven wishes in exchange for his soul. What follows is a ticklish series of sketches based on the Seven Deadly Sins, with the hero being turned into millionaires, rock stars, and houseflies. Welch is perfectlycast as Spiggot’s henchwoman Lillian Lust, “the babe with the bust.” An exuberant and inventive comedy, the movie also provides a pointedsnapshot of Swinging London.

Hannie Calder (1971): Welch heads West in this revenge tale from veteran Western director Burt Kennedy (“Support Your Local Sheriff”). She plays the eponymous heroine, a frontier wife whose life takes a ghastly turn when she is raped by a trio of bandits, who also kill her husband and burn her home. The vile Clemens brothers, Emmett (Ernest Borgnine), Frank (Jack Elam) and Rufus (Strother Martin), leave Hannie for dead after a botched bank robbery. What they didn’t count on was her vengeful tenacity, as she survives and hires a bounty hunter named Thomas (Robert Culp) to train her on handling guns. She tracks down the outlaws one by one—but will her bloody journey change her forever? Keep an eye out for Christopher Lee as a Mexican gunsmith.

The Three Musketeers (1973): Alexander Dumas’ swashbuckling novelgoes slapstick in this ripping combination of adventure and comedy, featuring an all-star cast. An aspiring musketeer, D’Artagnan (Michael York) heads to Paris to join the royal guards, in the process meeting experienced swordsmen Athos (Oliver Reed), Porthos (Frank Finlay) and Aramis (Richard Chamberlain). Uncovering a plot against King Louis XIII, they must confrontthe nefarious Cardinal Richelieu (Charlton Heston) as well as his cunning agent, Milady de Winter (Faye Dunaway). Directed with bountiful gags and breathless stunts by Richard Lester (“A Hard Day’s Night”), the movie gives Welch one of her funniest roles as D’Artagnan’s sweetheart,Constance. Besure to also catch the sequel, “The Four Musketeers.”

Tortilla Soup (2001): Welch enjoyeda choice role later in her career in Maria Ripoll’s engaging American remake of Ang Lee’s Taiwanese comedy-drama “Eat Drink Man Woman.” In a rare leading role, Hector Elizondo shines as Martin Naranjo, a widowed Mexican-American chef who lives with his three adult daughters in suburban Los Angeles. There’s Leticia (Elizabeth Pena), a conservative teacher attracted to the school baseball coach; Carmen (Jacqueline Obradors), who shares her father’s passion for food and dreams of owning her own restaurant; and Maribel (Tamara Mello), the youngest and most rebellious of the three. The trajectories of the characters may be predictable, but the actors bring them charm and warmth. Welch steals her scenes as Hortensia, a flashy cougar with her eyes set on Martin.

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This Day in American History

      1663 - Charles II of England awarded lands that became the Carolinas in America to eight members of the nobility who assisted in his restoration.
    1664 - Roger Williams was granted a charter to colonize Rhode Island.
    1765 - Britain enacted the Quartering Act, requiring American colonists to provide temporary housing to 10,000 British soldiers in public and private buildings.
    1776 - One week after the British troops under General William Howe evacuated Boston, General George Washington wrote a letter to the Continental Congress. General Washington expressed his "surprize and disappointment" that the British fleet had not departed the harbor and described its various exploits while still in the region.
http://memory.loc.gov/ammem/today/mar24.html
    1788 - In a popular referendum, Rhode Island rejected the new Constitution by a vote of 2,708 to 237. The state later (May 29, 1790) ratified the Constitution and ratified the Bill of Rights June 7, 1790.
    1825 - American colonization of a new state was authorized by a law passed by the new Mexican state of Texas-Coahuila. In 1823, Stephen Austin had been given authorization by law and decree to bring settlers into the region but, in 1824, a new republic was established in Mexico and a new constitution enacted. The new law gave the states conditions for colonization. This was the start of “Texas.”
    1837 - Canada legally recognizes Black suffrage, thus begins one of the Underground Railroads final destination toward freedom.
http://www.duke.edu/~mahealey/black_canada.htm
http://www.dal.ca/~acswww/dalbh.html
http://www.npca.org/walk.html
http://www.germantown.k12.il.us/html/RAILROAD.html
    1852 - The Susquehanna River ice bridge at Havre de Grace, Maryland began to break up after 40 days of use. A total of 1738 loaded freight cars were hauled along the rails laid on the ice.
    1855 - Andrew W. Mellon (d. 1927), American financier, industrialist, government official (Secretary of the Treasury), art and book collector, was born at Pittsburgh, PA.
    1874 - Harry Houdini (d. 1926), Magician and escape artist, born at Budapest, Hungary. Lecturer, athlete, author, expert on history of magic, exposer of fraudulent mediums, and motion picture actor. Was best known for his ability to escape from locked restraints (handcuffs, straitjackets, coffins, boxes and milk cans). Anniversary of his death (Halloween) has been the occasion for meetings of magicians and attempts at communication by mediums.
http://lcweb2.loc.gov/ammem/vshtml/vshdini.html
    1883 - Long distance telephone service began between Chicago and New York.
    1898 - The first United States automobile was sold. Mining engineer Robert Allison paid $1,000 for a Winton.
    1898 - Dorothy Constance Stratton (d. 2006), born at Brookfield, MO, was instrumental during World War II in organizing the SPARS, the women's branch of the US Coast Guard (authorized Nov 23, 1942). Under Lieutenant Commander Stratton's command, some 10,000 women were trained for supportive noncombatant roles in the Coast Guard. SPARS was dissolved in 1946 after the war had ended. Stratton worked with many women's organizations, including the Girl Scouts, as national executive director in the 1950s.
    1900 - Birthday of trumpet player June Clark (d. 1963), Long Branch, NJ. Later in the 1940’s, he became manager for boxer Sura Ray Robinson.
    1912 – Women’s and civil rights advocate Dorothy Height (d. 2016), was born in Richmond, VA. She was an active member of the National Council on Negro Women, serving as its president for 40 years, and was a consultant to several government offices and presidential administrations on education and civil rights.
    1912 - Residents of Kansas City began to dig out from a storm that produced 25 inches of snow in 24 hours. The snowfall total was nearly twice that of any other storm of modern record in Kansas City before or since that time. A record 40 inches of snow fell during the month of March that year, and the total for the winter season of 67 inches was also a record. By late February of that year, Kansas City had received just six inches of snow. Olathe, KS received 37 inches of snow in the snowstorm, establishing a single storm record for the state of Kansas.
    1919 - Lawrence Ferlinghetti (d. 2021), poet, author (“Coney Island of the Mind”), founder of City Lights Bookstore in San Francisco, was born Yonkers, NY. Perhaps best known for opening the bookshop, he described City Lights "as a place you could go in, sit down, & read books without being pestered to buy something." The store became a home for the Beat Generation of poets and writers, and Ferlinghetti also turned it into a publishing house. It was the first to publish Allen Ginsberg's poem “Howl.” City Lights published it in 1957 and Ferlinghetti was immediately arrested on obscenity charges. He won the trial and went on to publish the writings of William S. Burroughs, Jack Kerouac, and Paul Bowles. He wrote a pair of novels, two volumes of plays, and over 10 books of poetry. Some say it was the birth of “Beatniks,” a term coin by the late columnist Herb Caen. Located at 261 Columbus Avenue, while formally located in Chinatown, it self-identifies as part of immediately adjacent North Beach.
http://www.charm.net/~brooklyn/People/LawrenceFerlinghetti.html
http://recollectionbooks.com/siml/library/FerlinghettiWhite.htm
http://www.citylights.com/
    1905 - The temperature at Valley Head, Alabama fell to 18 degrees below zero. This was the coldest temperature ever recorded in Alabama until January 1966.
    1922 - Singer King Pleasure (d. 1982) born Oakdale, Tenn. Best known for his 1953 hit, “Moody's Mood for Love.”
http://www.amazon.com/exec/obidos/ASIN/B000000YC6/ref%3Dnosim/
lksmsubsite sub-mu-asin-20/104-0082188-8675910
http://win-ss1.radiomoi.com:8080/rm/info/?showkey=artists&artist_id=17991
    1922 - Birthday of Dave Appell (d. 2014), Philadelphia. Arranger for big bands: Benny Carter, Earl ‘Fatha´ Hines; TV music director, record producer, singer, songwriter, musician with Dave Appell and the Applejacks.    1930 - The recently discovered ninth planet was given the name Pluto.
    1932 - Birthday of piano player Dave Mackay (d. 2020), Syracuse, NY
http://www.pricegrabber.com/search_getprod.php/masterid=517498001/
ut=43a1166ef26dea3a
    1934 – President Roosevelt signed a bill granting independence to The Philippines, closing nearly a half century of American jurisdiction. The bill took effect on July 4, 1946.
    1936 - The longest NHL Game. Mud Bruneleau of the Detroit Wings scored at 16:30 of the sixth overtime period to end the longest game in National Hockey League history. The goal gave the Red Wings a 1-0 victory over the Montreal Maroons in a Stanley Cup semifinal game. Detroit won the series, three games to none, and went on to defeat the Toronto Maple Leafs in the finals.
    1941 - Glenn Miller started work on his first film for 20th Century Fox, "Sun Valley Serenade."
    1942 - Birthday of Jesus Maria Alou, former baseball player, born Haina, Dominican Republic.
    1944 - The first Civilian Exclusion Order issued by the Army is issued for the Bainbridge Island area near Seattle. The forty-five families there are given one week to prepare. The island's oldest, continuously operating farm, established in 1928, is owned by 75-year-old Akio Suyematsu, who grows strawberries, pumpkins and Christmas trees. World War II brought one of the saddest chapters of island history: the nation's first forced evacuation of residents of Japanese ancestry, most of them American citizens. On President Roosevelt's authority the army forced some 240 people, including Suyematsu's family, to leave -- mainly for California internment camps. They received a week's notice to dispose of their property. By the end of October, 108 exclusion orders would be issued, and all Japanese Americans in Military Area No. 1 and the California portion of No. 2 were incarcerated.
http://seattlepi.nwsource.com/neighbors/bainbridge/hist26.html
http://www.historylink.org/output.CFM?file_ID=3111
http://www.janm.org/clasc/chronology.htm
http://www.janet.org/janet_history/niiya_chron.html
    1945 - Billboard magazine, the music trade publication, began the pop music record chart this day. The No. 1 hit in the pop chart was Nat King Cole's “King Cole Trio.”
    1949 - The Academy of Motion Pictures Arts and Sciences gave Oscars to a father and son, the only time this has happened. Walter Houston won the Best Supporting Actor Award, and his son, John Huston, won the award for the Best Director, both for “The Treasure of Sierra Madre.” The film also received the award for the Best Screenplay. Coincidentally, this was also the first time a husband and wife won Oscars: Sir Laurence Olivier for his performance in “Hamlet,” beating out Humphrey Bogart, and his wife, Vivien Leigh, who received hers on February 29, 1940, for her performance in “Gone with the Wind.” On March 20, 1952, she received a second Oscar for her part as Blanche DuBois in “A Streetcar Named Desire.”
http://www.infoplease.com/ipa/A0148405.html
    1949 - Steve Lang (d. 2017), bass guitarist with the Canadian rock group April Wine, was born. Lang joined the band in 1975, replacing Jim Clench. Lang was with April Wine when they shared the stage with the Rolling Stones at the El Mocambo nightclub in Toronto in 1977. April Wine was Canada's leading touring band of the 1970's, but the band failed to have much of an impact in the U.S.
    1954 - Birthday of cello player Hank Roberts, Terre Haute, IN.
http://avalon-management.freeyellow.com/HankBio.html
http://www.scaruffi.com/avant/roberts.html
    1955 - Top Hits
The Ballad of Davy Crockett - Bill Hayes
Sincerely - McGuire Sisters
Darling Je Vous Aime Beaucoup - Nat ‘King' Cole
In the Jailhouse Now - Webb Pierce
    1955 - On Broadway, Tennessee Williams's Southern drama, “Cat on a Hot Tin Roof,” staged by Elia Kazan, debuted to mixed reviews. It went on to 694 performances.
    1958 - In Memphis, Tennessee, Elvis Presley reported to local draft board 86, where he became US 53310761. Since Elvis was now ‘government property' as he served his time in the Army, Uncle Sam stood to lose approximately $500,000 in taxes each year Private Presley was in the Army. After receiving the standard GI haircut, he was quoted as saying "Hair today, gone tomorrow." Presley had received his draft notice the previous December but was granted a 60- day deferment to complete the movie "King Creole." Some say rock 'n' roll died when Presley entered the service. Certainly, after he was discharged in March 1960, Presley himself was no longer a rock 'n' roll performer. He became primarily a movie star and middle-of-the-road singer, not touring, but performing mostly in Las Vegas, Nevada.
    1959 - The re-formed Drifters' "There Goes My Baby" is released on Atlantic Records. Not only is it the group's first disc with new lead singer Ben E. King replacing the departed Clyde McPhatter but joining the production team are Jerry Lieber and Mike Stoller.
    1960 - A United States appeals court ruled the novel, "Lady Chatterley’s Lover," was not obscene and as such, could be sent via the mail. "Lady Chatterley’s Lover," was banned for obscenity in the United States in 1929. In 1930, Senator Bronson Cutting proposed an amendment to the Smoot-Hawley Tariff Act, which was being debated, to end the practice of having US Customs censor allegedly-obscene imported books. The ban on "Lady Chatterley’s Lover," among others, was fought and overturned in court. It was then published by Rosset's Grove Press, with the complete opinion by United States Court of Appeals Judge Frederick van Pelt Bryan, which first established the standard of "redeeming social or literary value" as a defense against obscenity charges. Fred Kaplan of The New York Times stated the overturning of the obscenity laws "set off an explosion of free speech.”
    1962 - Birthday of pianist Renee Rosnes in Saskatchewan, Canada.
http://reneerosnes.com/
http://jazzdiscography.com/Artists/Rosnes
    1963 - Top Hits
Our Day Will Come - Ruby & The Romantics
The End of the World - Skeeter Davis
He's So Fine - The Chiffons
Still - Bill Anderson
    1967 - SINGLETON, WALTER K., Medal of Honor
Rank and organization: Sergeant, U.S. Marine Corps, Company A, 1st Battalion, 9th Marines, 3d Marine Division. Place and date: Gio Linh District, Quang Tri Province, Republic of Vietnam, 24 March 1967. Entered service at: Memphis, Tenn. Born: 7 December 1944, Memphis, Tenn. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Sgt. Singleton's company was conducting combat operations when the lead platoon received intense small arms, automatic weapons, rocket, and mortar fire from a well-entrenched enemy force. As the company fought its way forward, the extremely heavy enemy fire caused numerous friendly casualties. Sensing the need for early treatment of the wounded, Sgt. Singleton quickly moved from his relatively safe position in the rear of the foremost point of the advance and made numerous trips through the enemy killing zone to move the injured men out of the danger area. Noting that a large part of the enemy fire was coming from a hedgerow, he seized a machinegun and assaulted the key enemy location, delivering devastating fire as he advanced. He forced his way through the hedgerow directly into the enemy strong point. Although he was mortally wounded, his fearless attack killed 8 of the enemy and drove the remainder from the hedgerow. Sgt. Singleton's bold actions completely disorganized the enemy defense and saved the lives of many of his comrades. His daring initiative selfless devotion to duty and indomitable fighting spirit reflected great credit upon himself and the Marine Corps, and his performance upheld the highest traditions of the U.S. Naval Service.
    1969 - BRYANT, WILLIAM MAUD, Medal of Honor
Rank and organization: Sergeant First Class, U.S. Army, Company A, 5th Special Forces Group, 1st Special Forces. Place and date: Long Khanh Province, Republic of Vietnam, 24 March 1969. Entered service at: Detroit, Mich. Born: 16 February 1933, Cochran, Ga. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sfc. Bryant, assigned to Company A, distinguished himself while serving as commanding officer of Civilian Irregular Defense Group Company 321, 2d Battalion, 3d Mobile Strike Force Command, during combat operations. The battalion came under heavy fire and became surrounded by the elements of 3 enemy regiments. Sfc. Bryant displayed extraordinary heroism throughout the succeeding 34 hours of incessant attack as he moved throughout the company position heedless of the intense hostile fire while establishing and improving the defensive perimeter, directing fire during critical phases of the battle, distributing ammunition, assisting the wounded, and providing the leadership and inspirational example of courage to his men. When a helicopter drop of ammunition was made to re-supply the beleaguered force, Sfc. Bryant with complete disregard for his safety ran through the heavy enemy fire to retrieve the scattered ammunition boxes and distributed needed ammunition to his men. During a lull in the intense fighting, Sfc. Bryant led a patrol outside the perimeter to obtain information of the enemy. The patrol came under intense automatic weapons fire and was pinned down. Sfc. Bryant single-handedly repulsed 1 enemy attack on his small force and by his heroic action inspired his men to fight off other assaults. Seeing a wounded enemy soldier some distance from the patrol location, Sfc. Bryant crawled forward alone under heavy fire to retrieve the soldier for intelligence purposes. Finding that the enemy soldier had expired, Sfc. Bryant crawled back to his patrol and led his men back to the company position where he again took command of the defense. As the siege continued, Sfc. Bryant organized and led a patrol in a daring attempt to break through the enemy encirclement. The patrol had advanced some 200 meters by heavy fighting when it was pinned down by the intense automatic weapons fire from heavily fortified bunkers and Sfc. Bryant was severely wounded. Despite his wounds he rallied his men, called for helicopter gunship support, and directed heavy suppressive fire upon the enemy positions. Following the last gunship attack, Sfc. Bryant fearlessly charged an enemy automatic weapons position, overrunning it, and single-handedly destroying its 3 defenders. Inspired by his heroic example, his men renewed their attack on the entrenched enemy. While regrouping his small force for the final assault against the enemy, Sfc. Bryant fell mortally wounded by an enemy rocket. Sfc. Bryant's selfless concern for his comrades, 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 upon himself, his unit, and the U.S. Army.
    1971 - Top Hits
Me and Bobby McGee - Janis Joplin
She's a Lady - Tom Jones
Just My Imagination (Running Away with Me) - The Temptations
I'd Rather Love You - Charley Pride
    1972 - Twelve years after it was first a #2 hit for Paul Anka, "Puppy Love" by Donny Osmond climbs to #3 and goes gold. The tune also inspires lots of wisecracks about Osmond. Anka wrote the song for his former girlfriend, Annette Funicello, who at Walt Disney’s request, terminated the relationship.
http://www.usatoday.com/story/life/people/2013/04/09/annette-funicello-paul-anka-puppy-love/2066375/
    1973 - Professional track debuted as Kip Keino beat Jim Ryun in the mile run at the International Track Association meet in Los Angeles, California.
    1973 - The O'Jays followed their Billboard #3 hit, "Back Stabbers" by topping the chart with "Love Train."
    1974 - North Carolina State beat Marquette to win the NCAA basketball championship.
    1976 - Birthday of Peyton Manning, quarterback, born New Orleans, LA. Considered to be one of the greatest quarterbacks of all time, he spent 14 seasons with the Indianapolis Colts and four seasons with the Denver Broncos. He is the second son of former NFL quarterback Archie Manning and older brother of former New York Giants quarterback Eli Manning, both of whom were also first round draft picks. Manning holds many NFL records, including 5 MVP Awards, 14 Pro Bowl appearances, 14 4,000-yard passing seasons, single-season passing yards (5,477 in 2013), and single-season passing touchdowns (55 in 2013). He is also tied with Sammy Baugh for the most first-team All-Pro selections for a quarterback (7) and is third in career passing yards (71,940) and passing TDs (539). Having helped lead both the Colts and Broncos to two Super Bowls, winning one with each, Manning became the first starting quarterback to have multiple appearances and win the Super Bowl with more than one franchise. On February 6, 2021, Manning was elected to the Pro Football Hall of Fame as a first-ballot selection in his first year of eligibility.
http://en.wikipedia.org/wiki/Peyton_Manning
    1979 - Top Hits
Tragedy - Bee Gees
What a Fool Believes - The Doobie Brothers
Heaven Knows - Donna Summer with Brooklyn Dreams
I Just Fall in Love Again - Anne Murray
    1982 - Five congregations in the eastern San Francisco Bay area became the first to declare themselves publicly as sanctuary churches, in an effort to help refugees from Central America establish themselves in the U.S. during political and military unrest in their native countries.
    1985 - The Golden Raspberry Awards, a parody of the Oscar Awards were presented. The movie, "Bolero" took home the top honors, for John and Bo Derek, who won for worst director and worst actress, respectively.
    1986 - The 58th Academy Awards show was held at the Dorothy Chandler Pavilion, Los Angeles. It took three hosts (Alan Alda, Jane Fonda and Robin Williams) to handle the MC duties this time. The Best Picture was "Out of Africa" (Sydney Pollack, producer). It also won Best Director (Sydney Pollack); Best Writing/Screenplay Based on Material from Another Medium (Kurt Luedtke); Best Cinematography (David Watkin); Best Art Direction-Set Decoration (Stephen B. Grimes, Josie MacAvin); Best Sound (Chris Jenkins, Gary Alexander, Larry Stensvold, Peter Handford); and Best Music/Original Score (John Barry). But "Out of Africa" didn't win everything. Other Oscars went to "Kiss of the Spider Woman" (Best Actor: William Hurt); "The Trip to Bountiful" (Best Actress: Geraldine Page); "Cocoon" (Best Supporting Actor: Don Ameche - his first Oscar) and "Prizzi's Honor" (Best Supporting Actress: Anjelica Huston). The award for Best Music/Song was given to Lionel Richie for "Say You, Say Me" from "White Nights." Other memorable movies in 1985 (some Oscar winners, some not): "The Color Purple" (11 nominations - no Oscars), "Back to the Future", "Ladyhawke", "Rambo: First Blood Part II", "Agnes of God", "Silverado" and "Witness.”
http://www.infoplease.com/ipa/A0149645.html
    1987 - A winter-like storm in the central U.S. produced blizzard conditions from South Dakota to western Kansas. Snowfall totals ranged up to 24 inches at Neligh, NE, with 19 inches at Winner, SD. Winds gusting to 60 mph created twelve-foot snow drifts in Nebraska, stranding thousands on the highways
    1987 - Top Hits
Lean on Me - Club Nouveau
Let's Wait Awhile - Janet Jackson
Nothing's Gonna Stop Us Now - Starship
I'd Still Be Loving You - Restless Heart
    1988 - Thunderstorms developing along a cold front produced severe weather from Minnesota to northeastern Texas. The thunderstorms spawned ten tornadoes, including one which injured five persons near Raymondville, MO
    1989 - The tanker Exxon Valdez ran aground at Prince William Sound, leaking 11 million gallons of oil into one of nature's richest habitats. The mishap resulted in one of the most devastating environmental disasters in history, killing up to 250,000 seabirds and other wildlife.
    1989 - Low pressure off the coast of Virginia brought heavy rain to the Middle Atlantic Coast States, and heavy snow to the Northern Appalachians. Cape Hatteras, NC was soaked with 5.20 inches of rain in 24 hours, and snowfall totals in Vermont ranged up to 12 inches. Winds gusted to 52 mph at New York City.
    1990 - The storm system which produced heavy snow in the Lower Missouri Valley the previous day, spread heavy snow across parts of the Upper Ohio Valley and the Middle Atlantic Coast Region. Snowfall totals of 2.2 inches at Philadelphia and 2.4 inches at Atlantic City were records for the date. Up to six inches of snow blanketed southern Ohio. In the Middle Atlantic Coast Region, snow coated the blossoms of cherry trees which had bloomed in 80-degree weather the previous week.
    1992 - Democrat Jerry Brown upset front-runner Bill Clinton in the Connecticut presidential primary.
    1992 - As of 2:45 am CST, International Falls, Minnesota had recorded 29.5 inches of snow for the month with snow still falling. This set a new monthly snowfall record for February. The old record was 29.0 inches set back in 1911. A new record was also set for winter season snowfall (Dec-Feb) with 68.5 inches. The old record was 67.9 inches set in 1990-91.
    1992 - A Chicago county circuit judge approved a settlement that meant refunds for thousands of fans of Milli Vanilli. Rob Pilatus and Fab Morvan, the dred-locked German pop duo, had admitted earlier that they had not sung on their Grammy Award-winning album, “My Girl.” They also confessed to lip-synching during their concerts. The two "singers" moved their lips and bodies in music videos and live concerts, while the recorded voices of unknown singers did the actual vocals. Under the settlement, buyers of Milli Vanilli compact discs would be entitled to $3 refunds, and cassette buyers could collect $2 refunds. It was estimated that the settlement could affect as many as 10 million people.
    1994 - The Crystal Mountain ski resort in Washington State recorded 65 inches of snow in a 24-hour period, the state record for 24-hour snowfall.
    1996 - The first astronaut who was a woman to live in a space station was biochemist Dr. Shannon W. Lucid, 53, of Bethany, OK. This day she transferred from Space Shuttle Atlantis to the Russian space station Mir for a planned five-month stay. It was the first time the shuttle returned to earth with one less person aboard than had been present at the launch. Lucid remained on the station for 188 days, the longest space sojourn by any American and any woman until that time. Her return was delayed more than six weeks by emergency repairs to the booster rockets of the Atlantis and by hurricane. She came home in the Atlantis, which touched down at Edwards Air Force Base, CA, on September 26, 1996.
http://www.spacefame.org/lucid.html
http://www.jsc.nasa.gov/Bios/htmlbios/lucid.html
    1997 – At the Shrine Auditorium, Los Angeles as the Academy of Motion Picture Arts and Sciences (AMPAS) awarded prizes for the best of the movie biz in 1996. Comedian/actor Billy Crystal hosted this 69th awards show. Let's rip into the envelopes and get on with it. Best Picture: "The English Patient" (Saul Zaentz, producer); Best Director: Anthony Minghella for "The English Patient"; Best Actor: Geoffrey Rush for "Shine"; Best Actress: Frances McDormand for "Fargo"; Best Supporting Actor: Cuba Gooding, Jr. for "Jerry Maguire"; Best Supporting Actress: Juliette Binoche for "The English Patient"; Best Music, Song: Andrew Lloyd Webber (music), Tim Rice (lyrics) for "You Must Love Me" from "Evita". And the Oscar goes to ... "The English Patient", "The English Patient", "The English Patient" ... for a total of 9 Oscars.
http://www.infoplease.com/ipa/A0147717.html
    2001 - During an exhibition game against the Giants, Diamondback hurler Randy Johnson's fastball hits and instantly kills a dove flying in front of home plate. The bird appears to explode as the National League Cy Young winning pitch sends it over catcher Rod Barajas' head.
    2002 - Academy Awards. Best Picture: "A Beautiful Mind": Brian Grazer, Ron Howard; Best Actor in a Leading Role: Denzel Washington, "Training Day”; Best Actress in a Leading Role: Halle Berry, "Monster's Ball"; Best Actor in a Supporting Role: Jim Broadbrent, "Iris"; Best Actress in a Supporting Role: Jennifer Connelly, "A Beautiful Mind"; Best Director: Ron Howard, "A Beautiful Mind.”
http://www.imdb.com/event/ev0000003/2002?ref_=rto_nom_evh_2002
    2002 - After a record fifteen nominations, Randy Newman wins his first Oscar award for Best Song: the Monsters Inc. composition "If I Didn't Have You."
    2019 - 2-time American League MVP Mike Trout signs the biggest contract in North American sports history, a $426.5 million, 12-year extension with the Los Angeles Angels.
    2019 - Investigation headed by Special Counsel Robert S. Mueller finds no evidence that President Donald Trump colluded with Russia in the 2016 election.

NCAA Basketball Champions:
    1956 - San Francisco
    1962 - Cincinnati
    1980 - Louisville

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"Gimme that wine"

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