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This is why Silicon Valley Bank imploded
says top Fed official

######## 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.

Sales Makes it Happen
by Scott Wheeler, CLFP

Research and Development

Top originators in the commercial equipment finance and leasing industry are constantly doing research to develop new business. The secret behind meaningful research is to collaborate with experts. Top originators are in contact with the most knowledgeable professionals in their specific niches. Those experts are the vendors and end-users with which originators speak on a daily basis. Some of my favorite questions to ask both vendors and end-users are:

What trends do you see developing in your industry over the next year, three-year, and five-year period?
How will these trends affect your business?
What are the greatest opportunities for your business, because of these trends?
What suggestions do you have for me to prepare for these trends and to be able to capitalize on them?

There are many articles and white papers on every industry to be read and analyzed by savvy originators. It is important for originators to remain up to date with external resources. However, the best research is with primary resources - the experts in the field (both vendors and end-users).

Top originators gather information (research). They use the gathered information to develop executable plans (development). In 2023, originators are seeing many changes in the gathered data and are using the new data to tweak their business plans to better serve the needs and wants of their vendors and end-users.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

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: scott@wheelerbusinessconsulting.com

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LG Will Spend $5.5 Billion
on a Battery Factory in Arizona

LG Energy Solution said it will quadruple its initial budget for a battery manufacturing plant in Queen Creek and now plans to spend $5.5 billion for the project, which will create thousands of jobs and could become the largest stand-alone battery complex in North America.

The South Korean company’s lithium-ion batteries power electric vehicles, mobility devices, information technology services and energy-storage services. The complex will consist of two manufacturing facilities — one for cylindrical batteries for electric vehicles and another for lithium iron phosphate batteries for energy storage systems. Production is expected to start in 2025. (Lithium ion and lithium iron phosphate are two distinct types of batteries.)

LG Energy Solution said demand for batteries is surging, and the company expects its 2023 revenue to increase by 25% to 30%. The company attributed the demand increase in part to federal tax credits in the Inflation Reduction Act, which was passed by Congress last year.

The announcement didn't specify the number of jobs, types of positions or when hiring will start, but Arizona Gov. Katie Hobbs said the invesment will mark Arizona as the "battery manufacturing capital of the country," cementing the state's reputation as "an innovation hub for renewable energy.”

The $5.5 billion figure is nearly four times LG's initial announcement of a $1.4 billion investment for the Queen Creek complex, disclosed last April. The company plans to invest $3.2 billion for EV batteries and $2.3 billion for “pouch type” lithium iron phosphate batteries for energy storage systems.

LG's electric vehicle customers include Tesla and Lucid, which builds its vehicles in Casa Grande.

Source: Industry Week

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The Black Equipment Finance Network (BEFN)
Makes History at Its Inaugural Mixer

The Black Equipment Finance Network (BEFN) made history on March 21, 2023, by holding its inaugural in-person networking event at the NEFA Finance Summit in San Diego. With over 60 attendees from around the country and Canada, including 20 group members and 40 allies and sponsors, the BEFN mixer was the largest gathering of black equipment finance professionals and allies in the industry's history.

The event's theme, "forging inclusive excellence in equipment finance," set the tone for the group's mission to advance diversity, equity, and inclusion (DEI) in the industry. The presence of top-tier sponsors, such as Dedicated Financial GBC, Wells Fargo Capital, North Mill Capital, Wintrust Specialty Finance, and others further highlighted the significance of the mixer for the industry.

BEFN's President, George Parker, highlighted the group's mission to promote networking, relationship building, and collaboration among black equipment finance professionals and allies. Parker emphasized the similarity between BEFN's approach and that of other major industry associations, such as NEFA, in emphasizing relationship building and collaborating to make industry advancements.

The mixer was also attended by representatives from the NEFA Board, the ELFA Equity Committee, the CLFP Foundation, and Equipment Finance Cares, who demonstrated their support for BEFN's mission.

BEFN's commitment to increasing the participation of black professionals in the equipment finance industry is reflected in its early plans, which include scholarships for college students pursuing studies in business and finance, a business exchange for originators and funding sources among group members, a mentoring program, and coordinating internships for black college students.

As a non-profit organization focused on networking, promoting DEI, and elevating the participation of black equipment finance professionals in the industry, BEFN has identified five areas of focus to pursue its mission. These areas include a strong focus on diversity, equity, and inclusion advocacy, networking, mentoring, and recruiting.

BEFN's inaugural mixer was a resounding success, and the group's efforts to create opportunities for black professionals in the equipment finance industry are paving the way for a more inclusive future. The industry has taken notice, and we can expect to see more events like this in the future, as BEFN continues to make history in the equipment finance world.

George A. Parker
Co-CEO
VenSource Capital LLC
26 Hunter Ave
New Rochelle, NY 10801
203-563-1100 office
203-353-9200 cell
gparker@vensourcecapital.com
www.vensourcecapital.com

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First Citizens Bank Enters into Whole Bank
Purchase of Silicon Valley Bridge Bank, N.A.

RALEIGH, N.C., -- First-Citizens Bank & Trust Company ("First Citizens Bank"), a subsidiary of Raleigh-headquartered First Citizens BancShares, Inc. ("First Citizens") (Nasdaq: FCNCA), announced today that it has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank, N.A. The transaction is structured as a whole bank purchase with loss share coverage. First Citizens was selected to complete this transaction through a competitive bidding process.

Frank B. Holding, Jr., Chairman and CEO of First Citizens, said: "First Citizens has a reputation for financial strength, exceptional customer service and prudent lending that spans 125 years. We have partnered with the FDIC to successfully complete more FDIC-assisted transactions since 2009 than any other bank, and we appreciate the confidence the FDIC has placed in us once again. We look forward to building relationships with our new customers and positioning our company for continued success as we affirm our commitment to support the integrity of our nation's banking system."

As part of the agreement, First Citizens Bank will assume Silicon Valley Bridge Bank, N.A. assets of $110 billion, deposits of $56 billion and loans of $72 billion, based on latest information provided by the FDIC. First Citizens Bank will additionally receive an available line of credit from the FDIC for contingent liquidity purposes. In addition, First Citizens Bank has entered into a loss share agreement with the FDIC to provide further downside protection against potential credit losses. First Citizens Bank will not acquire any of the assets, common stock, preferred stock, debt or assume any other obligations of SVB Financial Group, the former holding company of Silicon Valley Bank ("SVB").

On March 27, 2023, the 17 legacy Silicon Valley Bridge Bank, N.A. branches will begin operating as Silicon Valley Bank, a division of First Citizens Bank.

There will be no immediate change to customers' current accounts, and they will be able to continue to access their accounts as they do today — through their current websites, mobile apps and branch locations. They can continue to use their checks and cards and will still have ATM and online access to their accounts. Loan customers should continue making loan payments as usual. Customers will be notified of any future account changes in advance.

"First Citizens has a proud history of growing organically and through strategic acquisitions that build our core capabilities in a careful and deliberate manner," said Holding. "This transaction leverages our solid foundation to add significant scale, geographic diversity, compelling digital capabilities and most importantly, meaningful solutions for customers throughout their lifecycle. Specifically, we are committed to building on and preserving the strong relationships that legacy SVB's Global Fund Banking business has with private equity and venture capital firms. This transaction also will accelerate our expansion in California and introduce wealth capabilities in the Northeast. SVB's Private Wealth business is a natural fit for our high-touch and sophisticated level of high-net-worth customer service and approach."

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This Day in American History

    1513 - Spanish explorer Juan Ponce de Leon sighted Florida. He equipped three ships with at least 200 men at his own expense and set out from Puerto Rico on March 4. On March 27, Easter Sunday, they sighted an island that was unfamiliar to the sailors on the expedition. Because many Spanish seamen were acquainted with the Bahamas, which had been depopulated by slaving ventures, some scholars believe that this "island" was actually Florida, as it was thought to be an island for several years after its formal discovery.
    1790 - The modern shoestring (string and shoe holes) was invented in England and quickly adopted in New England where shoemaking was a major industry.
    1792 - The first Congressional investigation was authorized after troops under the command of Major General Arthur St. Clair were defeated by Native American forces near the Ohio-Indiana border on November 4, 1791. The House of Representatives, by a vote of 44-10, resolved “that a committee be appointed to inquire into the causes of the failure of the late expedition under Major General St. Clair; and that the said committee be empowered to call for such persons, papers and records as may be necessary to assist their inquiries.” The seven-member committee, which was headed by Thomas Fitzsimons, a Federalist of Pennsylvania, absolved St. Clair and ruled that his defeat “can in no respect be imputed to his conduct either at any time before or during the action.” St. Clair nonetheless resigned his army command, retaining his post as governor of the Northwest Territory.
    1794 - President Washington and Congress authorized creation of the U.S. Navy. The bill authorizes construction of 6 frigates, including Constitution.
    1794 - James Monroe is appointed the American minister to France replacing Governeur Morris, whose recall the French have requested because of his royalist sympathies and meddling.
    1813 - In a US attack on Fort George, near the mouth of the Niagara River, LTC Winfield Scott with a 4000-man force captures the 1600-man British garrison under General John Vincent. The British withdraw from Lake Erie. This action permits Captain Oliver Hazard Perry to surreptitiously remove five vessels from the Black Rock shipyard and take them to Presque Isle in order to reinforce the flotilla under construction there.
    1813 – Nathaniel Currier (d. 1888) was born in Roxbury, MA. The famed lithographer joined James Merritt Ives to establish the famous Currier & Ives printing firm. They produced millions of prints from an inventory of over 7,500 scenes.
    1814 - General Andrew Jackson led U.S. soldiers who killed 700 Creek Indians at Horseshoe Bend in central Alabama. Jackson lost 49 men.
    1836 - The Mormon Temple built in Kirtland, Ohio by Joseph Smith, the founder of the Church of Jesus Christ of Latter-Day Saints (or Mormon Church), was dedicated. He had moved to Ohio with 50 families.
    1836 - In a disastrous setback for the Texans resisting Santa Anna's dictatorial regime, the Mexican army defeats and executes 417 Texas revolutionaries at Goliad. Now determined to break completely from Mexico, the Texas revolutionaries began to yell "Remember Goliad!" along with the more famous battle cry, "Remember the Alamo!" Less than a month later, Texan forces under General Sam Houston dealt a stunning blow to Santa Anna's army in the Battle of San Jacinto, and Texas won its independence.
    1841 – The first steam fire engine was tested in NYC
    1845 – Wilhelm Rontgen (d. 1923) was born in Lennep, Prussia. A German scientist, he discovered x-rays and won the Nobel Prize in 1901.
    1851 – Europeans first sighted Yosemite.
    1855 - Kerosene distilled from bituminous shale and cannel coal for illuminating purposes was obtained by Dr. Abraham Gesner. The name “kerosene” is derived from keros, the Greek work for wax, referring to the use of paraffin in the distillation process.
    1860 - The device which, officially, is a “covered gimlet screw with a ‘T' handle,” or corkscrew, was patented this day by M. L. Byrne of New York City
    1865 - President Lincoln meets with Ulysses S. Grant and William T. Sherman at City Point, Virginia, to plot the last stages of the war. Lincoln came to Virginia just as Grant was preparing to attack Confederate General Robert E. Lee's lines around Petersburg and Richmond, an assault that promised to end the siege that had dragged on for 10 months. Meanwhile, Sherman's force was steamrolling northward through the Carolinas. The three architects of Union victory met for the first time as a group--Sherman and Lincoln had never met--to plot the final destruction of the Confederacy. Grant and Sherman confidently assured the President that the end was in sight. Lincoln emphasized to his generals that any surrender terms must preserve the Union war aims of emancipation and a pledge of equality for the freed slaves. After meeting the next day with Admiral David Dixon Porter, the three went their separate ways. In less than four weeks, Grant and Sherman had secured the surrender of the Confederacy.
    1866 - President Andrew Johnson vetoed the civil rights bill, which later became the 14th amendment.
    1868 - Birthday of Patty Smith Hill (d. 1946), schoolteacher, author and education specialist, born at Anchorage (suburb of Louisville), KY. She was author of the lyrics of the song "Good Morning to All," which later became known as "Happy Birthday to You." Her older sister, Mildred J. Hill, composed the melody for the song which was first published in 1893 as a classroom greeting in the book “Song Stories for the Sunday School.” A stanza beginning "Happy Birthday to You" was added in 1924, and the song became arguably the most frequently sung song in the world.
    1879 - Birthday of Edward Steichen (d. 1973), celebrated American photographer, in Luxembourg. His photos of gowns for the magazine “Art et Décoration” in 1911 are regarded as the first modern fashion photography ever published. From 1923 to 1938, Steichen was a photographer for the Conde Nast magazines ‘Vogue’ and ‘Vanity Fair’ while also working for many advertising agencies including J. Walter Thompson. During these years, Steichen was regarded as the best known and highest paid photographer in the world. In 1944, he directed the war documentary “The Fighting Lady,” which won the 1945 Academy Award for Best Documentary.
http://www.cosmopolis.ch/english/cosmo13/steichen.htm
    1879 – Miller Huggins (d. 1929) was born in Cincinnati. A second baseman adept at getting on base, Huggins led the National League in walks four times, scored 100 or more runs three times, regularly collected 30 or more stolen bases and had an on-base percentage near .400. But he became much more famous as a manager. He managed two Major League teams - first the St. louis Cardinals where he managed the young Rogers Hornsby and then the New York Yankees of Ruth and Gehrig. He led the Yankees to six AL pennants and three World series titles, and his "Murderers Row" club, which won 110 games before sweeping the 1927 Series, is considered one of the greatest teams in history. Huggins was selected to the Hall of Fame in 1964.
    1884 - The first long-distance telephone call was made by branch managers of the American Bell Telephone Company in Boston, MA, and New York City. Said a contemporary account: The words were heard as perfectly as though the speakers were standing close by, while no extra effort was needed at the other end of the line to accomplish the result.”
    1884 - A Cincinnati mob attacked members of a jury who had returned a verdict of manslaughter in a clear case of murder. Over the next few days they rioted and destroyed the courthouse.
    1886 – Geronimo surrendered to Lt Charles Gatewood and General Nelson Miles of the US Army in the Sierra Madre in Mexico, ending the Apache wars.
    1890 - An outbreak of tornadoes occurred in the Ohio Valley. One of the tornadoes struck Louisville, KY, killing 78 persons and causing $4 million damage.
    1890 - The application of an all-black baseball club made up of former Cuban Giants players was rejected by the Inter-State League.
    1899 – Actress Gloria Swanson (d. 1983) was born in Chicago. She was one of the most prominent stars during the silent film era as both an actress and a fashion icon, especially under the direction of Cecil B. DeMille. She starred in dozens of silent films and was nominated for the first Academy Award in the Best Actress category. She also, after a time, successfully transitioned to ‘talkies’ evidenced by her second Academy Award nomination, for “Sunset Boulevard” (1950).
    1906 - Clarinet player Charles Ellsworth “Pee Wee” Russell (d. 1969) birthday in Maplewood, MO.
http://www.redhotjazz.com/peewee.html
    1909 - Tenor saxophone player Ben Webster (d. 1973) born Kansas City, MO
http://jazzcanadiana.on.ca/_WEBSTER.HTM
    1912 - Cherry trees planted on the Potomac River, a gift from the Empire of Japan. Japan gave 3,020 cherry blossom trees as a gift to the United States to celebrate the nations' then-growing friendship, replacing an earlier gift of 2000 trees which had to be destroyed due to disease in 1910. These trees were planted in Sakura Park in Manhattan and line the shore of the Tidal basin in Washington, D.C.’s West Potomac Park. The first two original trees were planted by first lady Helen Taft and Viscountess Chinda on the bank of the Tidal Basin. The gift was renewed with another 3,800 trees in 1965. In Washington, D.C., the cherry blossom trees continue to be a popular tourist attraction when they reach full bloom in early spring.
http://memory.loc.gov/ammem/today/mar27.html
    1914 - Birthday of Snooky Lanson, born Roy Landman (d. 1990) in Memphis, Singer, vocalist on “Your Hit Parade” on radio and TV.
    1915 - Mary Mallon (Typhoid Mary) was arrested and returned to quarantine on North Brother Island, New York after spending five years evading health authorities and causing several further outbreaks of typhoid
    1916 - US purchases Danish West Indies for $25M and renames them Virgin Islands.
http://www.usvitourism.vi/
    1917 - The Boston Red Sox beat the Brooklyn Robins, 11-2, in spring training. For tomorrow's game, players on both teams will sport numbers on their sleeves, the idea of Robins' owner Charles Ebbets. His reasoning is that fans in non-major league cities would be unfamiliar with the players.
    1924 - Birthday of Sarah Vaughan (d. 1990), legendary jazz singer, at Newark, NJ. Renowned for her melodic improvising, wide vocal range and extraordinary technique, she began her career by winning an amateur contest at New York's Apollo Theater in 1943. She was spotted and hired by Earl Hines to accompany his band as his relief pianist as well as singer. As her career took off, she was given the nickname "The Divine One" by Chicago disc jockey Dave Garroway, a moniker that would remain with her the rest of her life. She toured with the Norman Granz Gramacy Jazz Group along with Charlie Parker and Dizzy Gillespie in the early 1950's. Her signature song, “Broken Hearted Melody,” written by Hal David, was published in 1958 before she recorded it in 1959. Despite the record's commercial success, Vaughan herself always thought the song to be corny. However, "Broken Hearted Melody" was to become her first gold record, peaking at #7 in the Billboard Charts and #5 on the R&B charts.
http://www.parsec-santa.com/celebrity/celeb_pages/SarahVaughn.html
    1930 – The first US radio broadcast from a ship at sea
    1931 – Charlie Chaplin received France's distinguished Legion of Honor
    1931 - John McGraw said night baseball will not catch on.
    1933 – The Farm Credit Administration was established by the Farm Credit Act of 1933, part of The New Deal. Allowing farmers to refinance mortgages over a longer time at below-market interest rates at regional and national banks, this helped farmers recover from the Dust Bowl. The Emergency Farm Mortgage Act loaned funds to farmers in danger of losing their properties. The campaign refinanced 20% of farmers' mortgages. An Executive order by President Roosevelt in 1933 placed all existing agricultural credit organizations under the supervision of a new agency, the Farm Credit Administration.
    1939 - The Oregon Ducks defeated the Ohio State Buckeyes, 46-33, to win the first NCAA men's basketball tournament. Oregon beat Texas and Oklahoma to reach the final, held at Northwestern's Patten Gymnasium. Ohio State defeated Wake Forest and Villanova in the eastern half of the eight-team draw.
    1942 - Seeing the unworkability of his plan to allow Japanese-Americans to leave the Pacific Coast of their own accord (most of the Nisei were turned back at whatever state line they happened to reach, or were attacked by hostile mobs once they did manage to find a new home.), Lt. General John DeWitt ended the voluntary policy of evacuation. Two days letter, a more "practical" policy, forced evacuation and interment, officially took effect.
    1943 – “Blue Ribbon Town” with Groucho Marx was first heard on CBS Radio
    1943 – The Battle of Komandorski Village began in the Aleutian Islands when United States Navy forces intercepted the Japanese attempting to reinforce a garrison at Kiska.
    1945 - Ella Fitzgerald and the Delta Rhythm Boys recorded "It's Only a Paper Moon" for Decca Records.
    1945 – General Eisenhower declared the German defenses on the western front broken.
    1948 - 11 days after being released from prison, Billie Holiday played in front of a sold-out crowd at Carnegie Hall. On May 16, 1947, she was arrested for possessing narcotics in her New York apartment. During the trial, dehydrated and unable to hold down food, she pleaded guilty and asked to be sent to the hospital. The district attorney spoke in her defense, saying, "If your honor please, this is a case of a drug addict, but more serious, however, than most of our cases, Miss Holiday is a professional entertainer and among the higher rank as far as income was concerned." At the end of the trial, Holiday was sentenced to Alderson Federal Prison Camp in West Virginia, popularly known then as "Camp Cupcake."   There were 2,700 tickets sold in advance, a record at the time for the venue.
    1950 - Jazz pianist Erroll Garner became one of the first jazz instrumentalists to give a solo concert. He played the Music Hall in Cleveland, OH. In 1954, Garner would gain international applause for writing and recording a standard that has been presented many times since: "Misty." Johnny Mathis and Sarah Vaughan are but two of many recording artists to offer vocal renditions of this renowned Garner composition. Play "Misty" for me. I believe I have all his albums and play them often at the office.
    1950 - Top Hits
“Music, Music, Music” - Teresa Brewer
“There's No Tomorrow” - Tony Martin
“If I Knew You Were Comin' I'd've Baked a Cake” - Eileen Barton
“Chattanooga Shoe Shine Boy” - Red Foley
    1951 - Frank Sinatra recorded "I'm a Fool to Want You" for Columbia. This was one of the last songs Sinatra recorded for Mitch Miller, who had taken over as head of recording for the label.
1952 – Sam Phillips, owner of Sun Studio of Memphis, Tennessee began releasing records. The label would later become the home of Elvis Presley, Johnny Cash, Jerry Lee Lewis and many others.
    1952 – The MGM film, “Singin’ in the Rain,” premiered in NYC. Starring Gene Kelly, Debbie Reynold and Donald O’Connor, it is considered one of the greatest movie musicals in history.
    1952 - HAMMOND, FRANCIS C., Medal of Honor
Rank and organization: Hospital Corpsman, U.S. Navy, attached as a medical corpsman to 1st Marine Division. Place and date: Korea, 26-27 March 1953. Entered service at: Alexandria, Va. Birth: Alexandria, Va. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as a HC serving with the 1st Marine Division in action against enemy aggressor forces on the night of 26-27 March 1953. After reaching an intermediate objective during a counterattack against a heavily entrenched and numerically superior hostile force occupying ground on a bitterly contested outpost far in advance of the main line of resistance. HC Hammond's platoon was subjected to a murderous barrage of hostile mortar and artillery fire, followed by a vicious assault by onrushing enemy troops. Resolutely advancing through the veritable curtain of fire to aid his stricken comrades, HC Hammond moved among the stalwart garrison of marines and, although critically wounded himself, valiantly continued to administer aid to the other wounded throughout an exhausting 4-hour period. When the unit was ordered to withdraw, he skillfully directed the evacuation of casualties and remained in the fire-swept area to assist the corpsmen of the relieving unit until he was struck by a round of enemy mortar fire and fell, mortally wounded. By his exceptional fortitude, inspiring initiative and self-sacrificing efforts, HC Hammond undoubtedly saved the lives of many marines. His great personal valor in the face of overwhelming odds enhances and sustains the finest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1952 - CHARETTE, WILLIAM R., Medal of Honor
Rank and organization: Hospital Corpsman Third Class, U.S. Navy Medical Corpsman serving with a marine rifle company. Place and date: Korea, 27 March 1953. Entered service at: Ludington, Michigan. Birth: Ludington, Mich. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against enemy aggressor forces during the early morning hours. Participating in a fierce encounter with a cleverly concealed and well-entrenched enemy force occupying positions on a vital and bitterly contested outpost far in advance of the main line of resistance, HC3c. Charette repeatedly and unhesitatingly moved about through a murderous barrage of hostile small-arms and mortar fire to render assistance to his wounded comrades. When an enemy grenade landed within a few feet of a marine he was attending, he immediately threw himself upon the stricken man and absorbed the entire concussion of the deadly missile with his body. Although sustaining painful facial wounds, and undergoing shock from the intensity of the blast which ripped the helmet and medical aid kit from his person, HC3c. Charette resourcefully improvised emergency bandages by tearing off part of his clothing, and gallantly continued to administer medical aid to the wounded in his own unit and to those in adjacent platoon areas as well. Observing a seriously wounded comrade whose armored vest had been torn from his body by the blast from an exploding shell, he selflessly removed his own battle vest and placed it upon the helpless man although fully aware of the added jeopardy to himself. Moving to the side of another casualty who was suffering excruciating pain from a serious leg wound, HC3c. Charette stood upright in the trench line and exposed himself to a deadly hail of enemy fire in order to lend more effective aid to the victim and to alleviate his anguish while being removed to a position of safety. By his indomitable courage and inspiring efforts in behalf of his wounded comrades, HC3c. Charette was directly responsible for saving many lives. His great personal valor reflects the highest credit upon himself and enhances the finest traditions of the U.S. Naval Service.
    1952 - "Singin' in the Rain," a musical comedy starring Gene Kelly, Donald O'Connor and Debbie Reynolds, was released
    1953 - The State Department bans Dashiell Hammett's novels from its overseas libraries. This year, Senator Joseph McCarthy sent aides Roy Cohn and G. David Schine on a tour of U.S. libraries in Europe to ferret out so-called subversive books. McCarthy's boys found 300 Hammett detective stories there. Questioned by Cohn in front of the House Un-American Activities Committee, Hammett would not say whether he was a Communist, when he wrote the books, nor whether royalties ended up in party coffers. Hammett frustrated the committee with these ambiguous words, and some say inebriated (he was an alcoholic at the time: "If I were fighting Communism, I don't think I would do it by giving people any books at all."
http://www.mysterynet.com/hammett/
http://www.thrillingdetective.com/spade_sam.html
    1955 - Steve McQueen made his network TV debut on "Goodyear Playhouse." McQueen starred in "The Chivington Raid." In 1958, McQueen was starred in his own TV series, "Wanted Dead or Alive", on NBC. My father, Lawrence Menkin, wrote many of the scripts.
    1955 - The first Jewish mobile synagogue was dedicated, called the Circuit Riding Rabbi Buss, at the Amity Country Club, Charlotte, NC. It was the project of the North Carolina Association of Jewish Men. The first rabbi was Harold A. Friedman. The bus was equipped with desks, blackboards, maps, a projection machine, a record player, and a library.
    1955 - Frustrated over Ike Turner's inability to find a label to record the follow up to his hit, Jackie Brenston's "Rocket 88," Sam Phillips decides to form his own independent label in Memphis, known as Sun Records. Within a matter of days, Sun will release its first single, Johnny London's "Drivin' Slow" b/w "Flat Tire" (Sun 175). He is also associated with several other noteworthy rhythm and blues, country, and rock ‘n’ roll musicians of the period. Phillips sold Sun in 1969. He was an early investor in the Holiday Inn chain of hotels. He also advocated racial equality and helped break down racial music industry barriers.
http://en.wikipedia.org/wiki/Sam_Phillips
    1957 - Jerry Lewis (in Hollywood) and actress Celeste Holm (in New York City) hosted the 29th Annual Academy Awards at the RKO Pantages Theater, Los Angeles. Best Picture, "Around the World in 80 Days" (Michael Todd, producer). There were many other epic productions it competed against, including Cecil B. DeMille's "The Ten Commandments." Others of that genre included "The Rainmaker;" "Richard III;" "The Bad Seed;" King Vidor's "War and Peace;" "High Society;" "Written on the Wind;" "The King and I" and "Anastasia." "Around the World in 80 Days" received additional accolades for Best Writing/Best Screenplay - Adapted (James Poe, John Farrow, S.J. Perelman); Best Cinematography/Color (Lionel Lindon); Best Film Editing (Gene Ruggiero, Paul Weatherwax); and Best Music/Scoring of a Dramatic or Comedy Picture (Victor Young). The Oscar for Best Director went to George Stevens for "Giant." Best Actor was Yul Brynner for "The King and I" and the Best Actress prize was given to Ingrid Bergman for "Anastasia." Anthony Quinn was Best Supporting Actor in for "Lust for Life" and Dorothy Malone was Best Supporting Actress in "Written on the Wind." The Best Music/Song Oscar was awarded to Jay Livingston and Ray Evans for "Whatever Will Be, Will Be (Que Sera, Sera)" from "The Man Who Knew Too Much."
http://www.infoplease.com/ipa/A0148697.html
    1956 – The US government seized the US communist newspaper "Daily Worker"
    1958 - Top Hits
“Don't/I Beg of You” - Elvis Presley
“Tequila” - The Champs
“Breathless” - Jerry Lee Lewis
“Ballad of a Teenage Queen” - Johnny Cash
    1958 - CBS Laboratories announced a new stereophonic record that was playable on ordinary LP phonographs, meaning, monaural. In stereo, on the proper equipment, a new rich and fuller sound was heard. It eventually became a standard for record and equipment buyers.
    1958 – Khrushchev became Soviet Premier, which had a great effect
on foreign policy.
    1960 - Representative Emanuel Celler (D-NY) introduced two bills designed to halt the practice of "payola" -- that is, DJs receiving cash, gifts, or writing credits to promote certain records. Celler, echoing the sentiments of his era, declares that "the cacophonous music called Rock and Roll" could not possibly have risen up the charts without the practice of payola.
    1961 - The first mobile computer assignment was undertaken for the Douglas Aircraft Corporation, Charlotte, NC. Remington Rand Univac, a division of the Sperry Rand Corporation, New York City, equipped a motor van with a UNIVAC Solid-State computer. Today's smartphones and tablets have more memory and speed. The ability of a laptop computer was thought to be a Captain Video science fiction fantasy.
    1962 - In Louisiana, Archbishop Joseph Francis Rummel ordered all Roman Catholic schools in the New Orleans diocese to end segregation.
    1962 – Goalie Jacques Plante tied the record by winning his 6th NHL Vezina Trophy.
    1963 - Birthday of Quentin Tarantino, director, screenwriter, born Knoxville, TN.
    1964 - The strongest earthquake in North American history (8.4 on the Richter scale) struck Alaska, east of Anchorage. 117 people were killed. This was the world's second worst earthquake of the 20th century in terms of magnitude.
    1964 – The Great Train Robbers, 15-strong gang, were sentenced to a total of 307 years in prison for robbing a Royal Mail train heading between Glasgow and London in the early hours of August 8, 1963 at Bridego Railway Bridge in Buckinghamshire, England. With inside information from an individual known as 'The Ulsterman' (named as Patrick McKenna in 2014), the robbers got away with over £2.6 million (the equivalent of £48 million today). The bulk of the stolen money was never recovered. Though the gang did not use any firearms, the train driver was beaten over the head with a metal bar that caused injuries were severe enough to end his career.
   1965 - The Who released their first US chart entry, "I Can't Explain." Although the song would not crack the Billboard Top 40, the band still gained a large following thanks in part to their exciting live performances.
    1966 - Top Hits
“The Ballad of the Green Berets” - SSgt Barry Sadler
“19th Nervous Breakdown” - The Rolling Stones
“Nowhere Man” - The Beatles
“Waitin' in Your Welfare Line” - Buck Owens
    1966 - Roy Orbison took a curve too tightly while out motorcycling in Hawkstone Park in Birmingham, England, and fractured his foot, resulting in the Big O playing his next few English dates in crutches on a stool.
    1967 - At a ceremony held at the Playhouse Theatre in London, The Beatles were awarded three Ivor Novello awards: best-selling British single of 1966 - "Yellow Submarine."
    1967 - Fats Domino played his first UK gig at London's Saville Theatre on a ticket that included the Bee Gees and Gerry & the Pacemakers.
    1969 - Bo Diddley opened at the San Francisco Winterland.
    1970 - Birthday of singer Mariah Carey, Long Island, NY.
    1971 - UCLA became the first team ever to win five consecutive NCAA basketball titles. The Bruins defeated Villanova 68-62. UCLA, under coaching legend John Wooden, dominated NCAA tournament play until 1974, when North Carolina State won the tourney, thus ending UCLA’s streak of consecutive championships at seven. The Bruins roared back next season to win the championship once more, the final of the ten of the Wooden era.
    1971 - Janis Joplin started her second (and final) week at the top of the pop music charts with the hit, "Me and Bobby McGee," written by Kris Kristofferson.
    1971 - Three Dog Night's "Joy to the World" enters the Billboard Hot 100 on its way to becoming the biggest selling single of the year.
    1972 - Elvis Presley records what proves to be his last Top Ten hit during his lifetime, "Burning Love." It made #2 on the US chart,
    1972 - Adolph Rupp of the University of Kentucky retired after 42 years of coaching the Wildcats. During his long tenure at Kentucky, Rupp won 874 games for a winning average of 82.1 percent. Rupp was second only to Clair Bee who coached at Rider College in New Jersey and at Long Island University.
    1973 – A routine speeding ticket in New Jersey for Grateful Dead leader Jerry Garcia became much more when police searched his car and found a significant quantity of LSD. He was released on $2,000 bail.
    1973 - It was Oscar night (for the 45th time) at the Dorothy Chandler Pavilion, Los Angeles. The show was hosted by Carol Burnett, Michael Caine, Charlton Heston and Rock Hudson. Most people, when offered an Academy Award, can't get up to the stage fast enough to claim the little gold guy. But, Marlon Brando said, “You can keep it," when AMPAS offered him the Oscar for Best Actor for his performance as "The Godfather". Brando refused to accept the award because he felt that the U.S. and Hollywood were discriminating against American Indians. "The Godfather" (Albert S. Ruddy, producer) also was awarded the prize for Best Picture. That Oscar was accepted, as were several for "Cabaret:" Best Director (Bob Fosse), Best Actress (Liza Minnelli) and Best Supporting Actor (Joel Grey). Best Supporting Actress was Eileen Heckart for "Butterflies are Free" and the Best Music/Song prize went to Al Kasha and Joel Hirschhorn for "The Morning After" from "The Poseidon Adventure."
http://www.infoplease.com/ipa/A0149237.html
    1974 - Top Hits
“Dark Lady” - Cher
“Sunshine on My Shoulders” - John Denver
“Mockingbird” - Carly Simon & James Taylor
“There's a Honky Tonk Angel (Who'll Take Me Back In)” - Conway Twitty
    1975 – Construction began on the Trans-Alaska pipeline, 800 miles with the diameter of 48 inches that conveys oil from Prudhoe Bay to Valdez, Alaska. The pipeline is privately owned by the Alyeska Pipeline Service Company. The pipeline was completed in 1977 after the 1973 OPEC oil embargo caused a sharp rise in oil prices and shortages in the US.
    1977 - Worst accident in aviation history occurs when a Pan Am 747 collided with a KLM 747 on a runway in Tenerife in the Canary Islands, resulting in about 580 deaths.
    1979 - Bruce Springsteen's first video, a live version of "Rosalita," made its world debut on the BBC.
    1982 - Top Hits
“I Love Rock 'N Roll” - Joan Jett & The Blackhearts
“Open Arms” - Journey
“We Got the Beat” - Go-Go's
“She Left Love All Over Me” - Razzy Bailey
    1984 - The temperature at Brownsville, TX, soared to 106 degrees, and Cotulla, TX, reached 108 degrees, equaling the March record for the U.S.
    1985 - Billy Dee Williams received a star on the famous Hollywood Walk of Fame. His place, for those looking to visit, is located between Joan Davis and Harry Carey.
    1986 - Sammy Hagar plays his first show as lead singer of Van Halen.
    1988 - World Ladies Figure Skating Championship in Budapest won by Katarina Witt (German Democratic Republic)
    1988 - World Men's Figure Skating Championship in Budapest won by Brian Boitano (USA)
    1988 - Temperatures rose quickly, then dropped just as rapidly, in the central U.S. Eight cities reported record high temperatures for the date as readings soared into the 80s. In southeastern Colorado, the temperature at Lamar, CO reached 91 degrees. Strong southerly winds gusted to 63 mph at Gage, OK. Strong northwesterly winds, gusting to 61 mph at Goodland, KS, then proceeded to usher much colder air into the area.
    1989 – Sports Illustrated published the first story about Cincinnati Reds manager Pete Rose’s gambling activities.
    1990 - Top Hits
“Black Velvet” - Alannah Myles
“Love Will Lead You Back” - Taylor Dayne
“I Wish It Would Rain Down” - Phil Collins
“Hard Rock Bottom of Your Heart” - Randy Travis
    1990 - Temperatures dipped into the teens and single numbers in the northeastern U.S. Scranton, PA tied their record for the date with a morning low of 18 degrees. Temperatures warmed into the 60s and lower 70s in the Pacific Northwest. The afternoon high of 65 degrees at Astoria, OR equaled their record for the date
    1995 – David Letterman was the host of the 67th Annual Academy Awards at the Shrine Auditorium, Los Angeles. The Best Picture was "Forrest Gump"(Wendy Finerman, Steve Starkey, Steve Tisch, producers). Robert Zemeckis and Tom Hanks won Oscars for Best Director and Best Actor, respectively, in...you got it..."Forrest Gump." The Best Actress prize was claimed by Jessica Lange for "Blue Sky." Best Supporting Actor was Martin Landau for "Ed Wood" and the Best Supporting Actress award went to Dianne Wiest for "Bullets Over Broadway." The Best Music/Song Oscar went to Elton John (music) and Tim on “Can You Feel the Love Tonight?" Rice (lyrics) for the fine job they did for the animated movie, "The Lion King," with the song, "Can You Feel the Love Tonight?”
http://www.infoplease.com/ipa/A0149926.html
    1998 - The Food and Drug Administration approved the drug Viagra, made by Pfizer, to fight male impotence.
    2003 - The city of Liverpool finally opened John Lennon's "Mendips" boyhood home, located at 251 Menlove Avenue, to the public.
    2006 - Victor Willis, the "policeman" in the Village People, was arrested in San Francisco for failing to appear at his trial for cocaine and gun possession. After agreeing to enter rehab, his sentence was reduced to three years’ probation.
    2007 - Jefferson Airplane/Starship vocalist Grace Slick sued former bandmate Paul Kantner for touring with different musicians under the name "Paul Kantner's Starship."
    2007 – NFL owners voted to make instant replay a permanent officiating tool.
    2009 - President Barack Obama launched a fresh effort to defeat al-Qaida terrorists in both Pakistan and Afghanistan, ordering in 4,000 more troops.
    2012 - The group led by former NBA star Magic Johnson and executive Stan Kasten, funded by Guggenheim Partners, emerged as the winner of the bidding process to buy the Los Angeles Dodgers under supervision of a bankruptcy court judge. The winning bid was estimated at $2 billion, the highest amount ever paid for a North American professional sports franchise; an additional payment of $150 million secured the land around Dodger Stadium that McCourt originally wanted to keep for himself. McCourt thus made hundreds of millions in profit, even after paying back the loans he took out to purchase the team for $430 million in 2004, and the $131 million owed his wife Jamie as part of a divorce settlement. The sale was completed later this year.
    2014 - Doctors announced that a 3D-printed plastic skull was successfully used to replace part of a woman's real skull in an operation three months ago in the Dutch city of Utrecht.
    2019 - Facebook bans white nationalism and white supremacy following criticism that Christchurch terrorist able to live-stream his attack
NCAA Basketball Champions:

    1939 - Oregon
    1945 - Oklahoma A&M
    1951 - Kentucky
    1971 - UCLA
    1978 - Kentucky
    2005 - North Carolina

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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