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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

Wednesday, May 15, 2019

Today's Leasing News Headlines

International Financial Services
  Corporation dba IFS
    Joins Funder/Funder Looking for Broker Lists
Mystery Solved on NACLB Named Association
   By Monitor Magazine
Leasing Industry Ads---Help Wanted
   Gamma Funding Corporation/ Centra Funding
Developing Strong Leaders for the
 Commercial Equipment Leasing/Financing Industry
  Get Certified by Scott Wheeler, CLFP
CLFP Foundation Seventh Edition Handbook
   Revised by Deb Reuben, CLFP
Manuel P. Alvarez Appointed Commissioner
   of the California Department of Business Oversight
First Midwest Bancorp Completes Acquisition
   of Bridgeview Bank
Chesswood Announces Results for Q1, 2019
   Portfolio Has Grown 24% from 1st Quarter 2018
State of the Economy Second Quarter Video
   Message from Ralph Petta, ELFA President/CEO
   Libertyville, Illinois  Adopt a Dog
2019 Advanced Legal Issues Workshop
    Commercial Finance Association 
News Briefs---
Uber drivers are contractors, not employees,
   U.S. labor agency says
$1.1 trillion in stock market value lost so far
  from trade war sell-off with more expected
Trump’s immigration crackdown is hurting NC farmers
   Temporary Agricultural Workers program reliance
Farmers get impatient with Trump's trade war:
   'This can't go on'
Trump's trade war with China hurting U.S. wine
    industry's bid to increase sales there – climbs to 54%
Trump’s Tariffs, Once Seen as Leverage
   May Be Here to Stay

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device

 You May have Missed---
  Sports Brief----
   California Nuts Brief---
     "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. 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.

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International Financial Services
Corporation dba IFS
Joins “Funder”/”Funder Looking for Broker” Lists

In Business Since 
Leasing Association

International Financial Services
Corporation dba IFS

Dara Dietmeyer
Vice President &



$100,000 - 
$3 million


A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program |
D -"Private label Program" | E - Also "in house" salesmen


  • Due to time in business and volume, IFS has a large customer base.
  • In addition, IFS attends vendor trade shows to develop vendor relationships
  • IFS has $110 million in warehousing lines of credit to fund our transactions with
    various local banks.
  • IFS offers App. Only up to $500,000 for manufacturing companies.
  • IFS offers full financial up to $3 million.
  • IFS will fund in Cannabis industry for well established companies with minimum
    3 years time in business.

Funder List
Funder Looking for Broker Business




Mystery Solved on NACLB Named “Association”
By Monitor Magazine

By Kit Menkin

Friday Leasing News questioned how National Alliance of Commercial Loan Brokers was classified as an association as they give one conference a year and have no "members."

Leasing News received a number of responses to those who advertised, such as from Don Cosenza at North Mill Capital:

"We purchased a business page through Monitor which you attached. They had a whole listing of things we could check off including what ‘associations’ we affiliate with. Given that we show at all of them, I chose the NACLB as one of the conferences we attend. That they were listed as an ‘association’ is something that Monitor did – not sure why. Sorry I can’t be of more help."

Why Commercial Finance Association was not mentioned, founded 1944, or the Association for Government Leasing and finance, or a number of others was not noted, Neither was deBanked with a website, forum, magazine, and the last of the several conferences had over 700 attendance (more that those mentioned except for ELFA).

A reader solved the mystery:

Monitor included NACLB as an association, ignoring “Alliance, choosing four leaders to share what they’re looking forward to, what they’re changing and what new projects and events they will be tackling in 2019. (2)

Leasing News supports NACLB, has attended one of their conferences, spending an evening not playing poker but visiting with longtime friend and Leasing News Legal Editor Barry Marks, Esq., CLFP. The point being is NACLB is an alliance, not an association:



(1) Monitor Classified Conference Promotion as Association
   National Alliance of Commercial Loan Brokers

(2) Come together, Right Now: Industry Association Tackles 2019

(3) Leasing Associations with 2019 Membership Numbers



Leasing Industry Help Wanted



Developing Strong Leaders for the
Commercial Equipment Leasing/Financing Industry
By Scott Wheeler, CLFP

Get Certified

As a professional originator in the commercial equipment leasing and finance industry, you should have the credentials to certify your commitment to excellence. The equipment leasing and finance industry has such a designation which will impact your position in the industry. Have you obtained the Certified Lease & Finance Professional (CLFP) designation?  Are you a serious participant in the industry?  What are you waiting for?

The CLFP Foundation has made tremendous advancements over the last decade under the leadership of its Executive Director, Reid Raykovich, CLFP. The CLFP certification is supported by the industry associations and is currently held by over 700 professionals in the industry.

Below are the prerequisites to obtain your CLFP:

  • CLFP candidates must have a minimum of three years of verifiable equipment leasing and financing experience; however, one year may be substituted with other financial experience. Check with the foundation for eligibility requirements. For those with less than three years’ experience, there is the CLFP Associate designation.
  • Completed application and examination fee 
  • Committee approval to sit for the exam

The Foundation provides the necessary preparation tools needed to sit for the test, including: 
1)  The Certified Lease & Finance Professionals' 

2) The Academy for Lease & Finance Professionals 
    A three day preparation class for the CLFP 

3) CLFP  Mentor Program     Assist in preparing for the test 
It is important for an originator to distinguish himself from other competitors in today's market, to have verifiable expertise, and to have credentials. The list of 700+ CLFP's  includes many of the top industry leaders.

Your name belongs on the CLFP list.  

Become a CLFP

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



CLFP Foundation Seventh Edition Handbook
Revised by Deb Reuben, CLFP

(For use if you take the CLFP Exam in 2020,
use sixth edition if taking the test this year)

The Certified Lease & Finance Professional (CLFP) Foundation’s Executive Director and Board of Directors are pleased to announce that the seventh edition of The Certified Lease & Finance Professionals’ Handbook is now available for purchase. The digital version will be available via Amazon soon.

Deb Reuben, CLFP; President of Reuben Creative, was hired to update the previous edition with a focused effort on incorporating CECL and ASC 842.

Ms. Reuben consulted with nine different Subject Matter Experts and stated, “It was a pleasure collaborating with Reid Raykovich, CLFP and so many brilliant colleagues to revise and launch this new edition of the book.”

With research and cross-functional implications to consider, the newly added appendix covering CECL went through a total of 18 drafts before finalizing. The Accounting chapter also had major revisions to bring it up to date for the ASC 842 standard. Overall seven of nine chapters were revised for this edition to accommodate the updated Body of Knowledge. Lastly, the appendix for financial statement review practice now includes exercises to illustrate the impact of ASC 842 from a credit perspective.
The Handbook is available for purchase through the Foundation’s website and also through Amazon.  The 2019 CLFP Exam will continue to be based on the Sixth Edition of the Handbook, and in 2020, the Exam will be updated to reflect the new content.

The CLFP designation is the only certification for the Equipment Finance Industry and there are currently 703 active Certified Lease & Finance Professionals and Associates in the United States, Canada and Australia. For more information visit



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

Manuel P. Alvarez Appointed Commissioner
of the California Department of Business Oversight

(One of the reasons SB 1235 interest definitions will take so long,
 is the change in management). (1)

Governor Gavin Newsom has appointed Manuel P. Alvarez as Commissioner of the California Department of Business Oversight.  He was sworn in on May 13.

Alvarez was previously general counsel, chief compliance officer and corporate secretary at Affirm, Inc. since 2014.  Before joining Affirm, he was an enforcement attorney at the Consumer Financial Protection Bureau from 2011 to 2014, a deputy attorney general at the California Department of Justice from 2010 to 2011 and an associate at Denton’s LLP from 2007 to 2010.

Alvarez earned a Juris Doctor degree from the University of California, Hastings College of the Law.  He also serves as a volunteer board member of the Barristers Club of the San Francisco Bar Association and the San Francisco La Raza Lawyers Association. This position requires Senate confirmation.

Alvarez succeeds Commissioner Jan Lynn Owen, who has guided the DBO since its creation in 2013 as a merger of the former departments of Corporations and Financial Institutions.

(1) Rumor Floating Around the AACLB Conference re: Date
of Implementation of California New Interest Disclosure Law

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


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

First Midwest Bancorp Completes Acquisition
of Bridgeview Bank

CHICAGO, -- First Midwest Bancorp, Inc. (“First Midwest”), the holding company of First Midwest Bank, today announced it has completed its acquisition of Bridgeview Bank. First Midwest announced this transaction on December 6, 2018.

Michael L. Scudder, Chairman and Chief Executive Officer of First Midwest, said, “We are very excited to welcome Bridgeview Bank clients and colleagues to First Midwest.

 “We look forward to building upon the legacy of exceptional client service and community engagement that Bridgeview Bank has personified over these many years. We are equally excited to bring to our newest clients a broader array of products and online capabilities, as well as access to one of Chicagoland’s largest branch networks.” 

At the closing of the transaction, Bridgeview Bank had approximately $1.1 billion in total assets, $755 million in loans and $1 billion in deposits, of which 71% are core deposits. All Bridgeview Bank branches have been converted to First Midwest branches.

About First Midwest

First Midwest (FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $17 billion of assets and $12 billion of assets under management. First Midwest’s principal subsidiary, First Midwest Bank, and other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services through locations in metropolitan Chicago, northwest Indiana, southeast Wisconsin, central and western Illinois, and eastern Iowa. Visit First Midwest at

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


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

Continued Strong Free Cash Flow and the Launch
of New U.S. Vendor Channel Business

TORONTO , - Chesswood Group Limited ("Chesswood" or "the Company") (CHW.TO), a North American commercial equipment finance provider for small and medium-sized businesses, today reported its results for the first quarter ended March 31, 2019 .
The Company posted a number of strong metrics in the quarter along with the launch of a new business:

  • free cash flow was strong once again at $5.8 million while dividends for the quarter were $3.7 million ,
  • portfolio has grown by 24% since the first quarter of 2018,
  • revenue was $30.8 million , up by 22% from $25.2 million in the first quarter of 2018, and
  • launched a new vendor channel business, Tandem Finance Inc ("Tandem"). Tandem has already posted its first US$1.0 million in originations and operates in a channel many times larger than Chesswood's historical channel.

Chesswood's results for the first quarter were highly influenced by large changes, year-over-year, in two non-cash items, the allowance for credit losses and the mark-to-market valuation on interest rate swaps and caps. These two items increased significantly over the first quarter of last year, reducing operating income by $2.5 million and income before taxes by $3.8 million . Neither of these two non-cash items (or their changes from 2018) affected free cash flow for the period.
The table below illustrates these affects and the effect from funding Tandem in the first quarter of operations.

Financial Highlights

For the Three Months

(in CDN $000's, except EPS)

Ended March 31



Adjusted Operating Income(1)



Increase (decrease) in Allowance



Tandem Net Expenses



Operating Income(1)



Mark-to-market Swaps/Caps Expense  (Gain)



Other Non-cash Items



Income before Taxes



Net income



Earnings Per Share - basic



(1)  - See "Non-GAAP Measures" below.

Barry Shafran , Chesswood's President and CEO, said, "While our financial results were negatively impacted by these two non-cash items this quarter, we're pleased that our operating earnings before this effect and before the expenses from Tandem increased over the first quarter of last year. 

 "We have chosen to remain focused on risk levels in our traditional business at this time in the business cycle while launching our new efforts in the vendor-channel of equipment finance, in the U.S. Tandem is the first provider of funding to this market that can truly offer its vendor partners proven in-house expertise in approving, funding and administering transactions in all credit tiers
“This value proposition is attractive to current and prospective equipment vendor customers and is a competitive advantage that we intend to take advantage of" said Shafran.

Non-GAAP Measures
Operating income, adjusted operating income and free cash flow are not recognized measures under International Financial Reporting Standards and do not have a standard meaning. Accordingly, these measures may not be comparable to similar measures presented by other issuers. Please refer to the Company's Management Discussion and Analysis in Chesswood's 2018 Annual Report and the 2019 First Quarter Report for additional information concerning these measures and a reconciliation of these measures to the Company's consolidated net income.

About Chesswood 
Through three wholly-owned subsidiaries in the U.S. and Canada , Chesswood Group Limited is North America's only publicly-traded commercial equipment finance company focused on small and medium-sized businesses. Our Colorado -based Pawnee Leasing Corporation, founded in 1982, finances a highly diversified portfolio of commercial equipment leases and loans through relationships with over 600 independent brokers in the U.S. In Canada, Blue Chip Leasing Corporation has been originating and servicing commercial equipment leases and loans since 1996, and today operates through a nationwide network of more than 50 independent brokers. Located in Houston, Texas, Tandem Finance Inc. provides equipment financing to small and medium sized businesses in the U.S. through the equipment vendor channel.

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



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

Q2 2019 Industry Update for ELFA Members from ELFA Channel on Vimeo.

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


Libertyville, Illinois  Adopt a Dog

21 Weeks
Good with Children

"The Vizsla is a dog breed originating in Hungary which belongs under the FCI group 7. The Hungarian or Magyar Vizsla are sporting dogs and loyal companions, in addition to being the smallest of the all-round pointer-retriever breeds."

Sadie is an adorable and cuddly puppy. She loves to play with toys and with the kids in her foster home. She's working on house breaking and crate training now.

If you are interested in learning more about Sadie or one of the other adoptable pets with AEAR as well as all of our adventures, please visit our very active Facebook Page for updates!


The first step is to fill out an Adoption Application and Learn more about our Adoption Process:


For details about our Adoption Donation, read The Cost of Adoption on our Adoption Process Page.

Animal Education & Rescue (AEAR)
847) 816-0831

Adopt a Pet


2019 Advanced Legal Issues Workshop
Commercial Finance Association

Starts:  Jun 19, 2019 8:30 AM (ET) 
Ends:  Jun 20, 2019 5:00 PM (ET)
Associated with  CFA Professional Education Programs

Otterbourg P.C.
230 Park Ave
New York, NY 10169 

The Advanced Legal Issues Workshop is designed specifically for the non-attorney. Over the course of two days, leading lawyers in the ABL industry will take you through the legal process of ABL deals, how to protect yourself and mitigate risk, and what you need to know about getting out of a bad deal. In the end, you will learn about legal principles that affect your current job, and be prepared for any legal question that comes your way.

Program Fee
$745.00 Members
$1,045.00 Non-Members

Program Times
Wednesday, June 19 8:30 am - 5:00 pm
Thursday, June 20 8:30 am - 5:00 pm

A continental breakfast will be served each morning at 8:30 a.m. The program will begin at 9:00 a.m. Lunch is provided.

Lee Podair, Partner, Hahn & Hessen LLP
David Morse, Partner, Otterbourg P.C.
Dan Ford, Partner, Hahn & Hessen LLP

Multi-lender transactions
Fraudulent conveyance
Lender liability

For more information, click here.

Who Should Attend?
Program Level: Advanced

Senior managers, account managers, loan officers, new business staff, credit officers and others with a minimum of five years of asset-based lending experience.

Refund / Cancellation Policy
The Commercial Finance Association reserves the right to cancel any program due to insufficient enrollment.

We recognize that plans can change due to business priorities, and we will work with you to find another workshop date that better suits your schedule. In order to receive a refund, you must submit written notification no less than five business days prior to the program start date.

Recommended CPE Credits: 19

Commercial Finance Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


News Briefs----

Uber drivers are contractors, not employees,
   U.S. labor agency says

$1.1 trillion in stock market value lost so far
  from trade war sell-off with more expected

Trump’s immigration crackdown is hurting NC farmers
   Temporary Agricultural Workers program reliance

Farmers get impatient with Trump's trade war:
   'This can't go on'

Trump's trade war with China hurting U.S. wine
    industry's bid to increase sales there – climbs to 54%!

Trump’s Tariffs, Once Seen as Leverage,
   May Be Here to Stay


You May Have Missed---

Amazon Lent $1 Billion to Small Business 2018
  Small Business Account for 58% of their Sales


Warriors Win!!!

"If you think you are beaten, you are,
If you think that you dare not, you don't,
If you'd like to win, but you think you can't,
It's almost certain you won't.
If you think you'll lose, you've lost,
For out in the world you'll find,
Success begins with a fellow's will,
It's all in the state of mind.
If you think you are outclassed, you are,
You've got to think high to rise,
You've got to be sure of yourself before
You can ever win a prize.
Life's battles don't always go
To the stronger or faster man,
But soon or late the man who wins
Is the man who thinks he can."


Sports Briefs---

Steph Magic Has Returned to Grace the Western Conference Finals

Warriors vs. Blazers: What to expect from Western Conference finals


California Nuts Briefs---

Why this uninhabitable San Francisco shack could sell for $2.5 million

Sacramento builds more homes than any California city
    north of LA. See where other cities rank

California wins last round of $25 million,
   26-year tax fight with wealthy inventor

How two San Jose sisters took a home ice cream business national



“Gimme that Wine”

Napa Valley Cabernet Sauvignon from Cool-climate Carneros?
    It's Coming

Film tackles Mexican Americans in winemaking

Trump’s trade war with China hurting U.S. wine industry’s
    bid to increase sales there

Free Wine App

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1602 - Captain Bartholomew Gosnold, who left Falmouth, England on March 26, 1602, landed on the southern Maine coast near what is now Cape Porpoise. He became the first Englishman to explore what is now the United States. He anchored his ship at what is now New Bedford, Massachusetts. He named Cape Cod, Martha's Vineyard, and other landmarks.
    1672 – The first copyright law was enacted by Massachusetts.
    1755 – Laredo, TX was established by Spaniards.
    1776 - The Virginia Convention instructed its Continental Congress delegation to propose a resolution of independence from Great Britain, paving the way for the US Declaration of Independence.
    1817 - The first private mental health hospital in the United States, the Asylum for the Relief of Persons Deprived of the Use of Their Reason, opened in Philadelphia.  It is now Friends Hospital.
    1850 - The Bloody Island Massacre occurred in Lake County, CA, in which a large number of Pomo Indians in Lake County are slaughtered by a regiment of the United States Cavalry, led by Nathaniel Lyon.
    1856 - Birthday of Lyman Frank Baum in Chittenango, NY. American newspaperman who wrote “The Wizard of Oz,” originally as a political polemic, he wrote many other books for children, including more than a dozen about Oz. He died at Hollywood, CA, May 6, 1919.
    1856 - The Vigilance Committee was formed to clean-up San Francisco.  (Lower half of )
    1857 – Birthday of Williamina Paton Stevens Fleming, Scottish-born U.S. astronomer who discovered white dwarf stars. She developed the Draper Catalogue of Stellar Spectra and classified more than 10,000 stars. She identified 222 variable stars, discovered 10 novae, and 94 Wolf-Rayet stars. After emigrating to the U.S., her husband abandoned her when she was pregnant. She got a job as a maid in the home of the director of the Harvard Observatory who, angry at his men for their sloppy work, hired her to show them up at the observatory.  She was the first American woman elected to the Royal Astronomical Society in 1906.
    1862 - The first enclosed baseball park was the Union Grounds, Brooklyn, which opened on May 15, 1862, on a site at Lee Avenue and Rutledge Street that had been formerly used as a skating rink.
    1863 - American author Annie Fellows Johnston’s birthday in McCutchanville, IN.  Her “Little Colonel” series of more than 50 novels and sold more than a million books. She didn't get a chance to write until her husband died.
    1864 - Students from the Virginia Military Institute fought alongside the Confederate Army to force the Union Army out of the Shenandoah Valley in the Battle of New Market.
    1869 - This is quite a collector's item today, the first stamp depicting the American flag, the 30-cent blue and carmine stamp. It depicted an eagle with outstretched wings, facing to the left, resting on a shield with flags grouped on either side.
    1869 - In New York, Susan B. Anthony and Elizabeth Cady Stanton formed the National Woman Suffrage Association.
    1872 - Julia Ward Howe declares the first Mother's Day as an anti-war holiday.
    1885 – The first forest reserve by a state prohibited the sale of state lands in certain counties in the Adirondack Mountains. It was designated as a state park, where logging and other commercial forms of exploitation were prohibited.
    1890 - Birthday of Katherine Anne Porter at Indian Creek, TX. American prose writer.  Her one long novel, “Ship of Fools” (1962) is considered by some to be one of the greatest allegorical works in English. She won the Pulitzer Prize and the National Book Award in 1965 for Collected Short Stories. Died September 18, 1980 at Silver Spring, MD.
    1901 - Birthday of clarinet player Edmond Hall, Reserve, LA,,440188,00.html?
    1901 - Dorothy Hansine Andersen was born in Asheville, NC. American pathologist and pediatrician who, in 1938, identified the disease cystic fibrosis and later developed a simplified diagnosis. Graduating from Johns Hopkins Medical School, she was unable to get a residency in surgery. After recognizing CF in autopsied baby hearts, her prestige and responsibilities grew, but she was continually maligned.  There were always efforts afoot to get rid of that troublesome woman - a cigarette was usually hanging from the corner of her mouth (she died of lung cancer),  her hair was always a mess,  and because she did "unladylike" things like rebuilding her cabin getaway with her own hands, as well as not being properly deferential. She perfected a course on open heart surgery and conducted seminars throughout the country. She had been orphaned at 19 without a single close relative and died in 1963 in NYC.
    1902 – Birthday of Richard J. Daley, former mayor of Chicago, in Chicago. Died Dec 20, 1976—the last of the “Boss of the City.”
    1905 – Las Vegas was founded when 110 acres, in what later would become downtown, are auctioned off.  Seems logical!
    1905 – Abraham Zapruder, of the Kennedy assassination film, was born in Russia.  He died in 1970.
    1906 - Birthday of guitarist Rev. Johnny “Uncle” Williams, Alexandria, LA.
    1911 - The Supreme Court declared Standard Oil to be an "unreasonable" monopoly under the Sherman Antitrust Act and ordered the company to be broken up.
    1911 - Kappa Alpha Psi Fraternity, Indiana University, incorporated
    1912 - Ty Cobb rushed into the stands at a heckler in New York's Polo Grounds at a New York Highlander game and was suspended.  His teammates, though not fond of Cobb, went on strike to protest the suspension, and the lack of protection of players from abusive fans, before the May 18 game in Philadelphia.  For that one game, Detroit fielded a replacement team made up of hastily recruited college and sandlot players plus two Tiger coaches and lost, 24–2, thereby setting some of Major League Baseball's modern-era (post-1900) negative records, notably the 26 hits in a nine-inning game allowed by Allan Travers, who pitched one of the sport's most unlikely complete games.  The strike ended when Cobb urged his teammates to return to the field. According to him, this incident led to the formation of a players' union, the "Ballplayers' Fraternity" (formally, the Fraternity of Professional Baseball Players of America), an early version of what is now called the Major League Baseball Players Association, which garnered some concessions from the owners.
    1915 – For those of a certain age who took economics in college…Paul Samuelson was born in Gary, IN.  He published the best-selling economics textbook of all time: “Economics: An Introductory Analysis”, first published in 1948.  It was the second American textbook to explain the principles of Keynesian economics and how to think about economics, and the first one to be successful.  It is now in its 19th edition, having sold nearly 4 million copies in 40 languages.  Samuelson was the first American to win the Nobel Prize in Economic Studies. The Swedish Royal Academies stated, when awarding the prize, that he "has done more than any other contemporary economist to raise the level of scientific analysis in economic theory".  Economic historian Randall E. Parker calls him the "Father of Modern Economics", and The New York Times considered him to be the "foremost academic economist of the 20th century".   He died in 2009.
    1918 - Country crooner Eddy Arnold was born on a farm near Henderson, Tennessee.  Arnold is said to have sold more records than any other country artist - about 60 million - and he has done so by appealing to people who normally wouldn't even think of buying a country record.   His big break came in the early 1940's when he joined Pee Wee King's Golden West Cowboys. That gave him exposure on the Grand Ole Opry, and in 1944, he signed a contract with RCA Victor. Arnold had his first million-seller, "I'll Hold You in My Heart," in 1947, soon followed by others such as "Bouquet of Roses," "Anytime," and "Cattle Call." Eddy Arnold was still topping the country charts in the 1960's with such hits as "What's He Doing in My World" and "Make the World Go Away."  He died in Nashville in 2008.
    1918 – “Dr. No”, Joseph Wiseman, was born in Montreal.  He died in 2009.
    1926 - The New York Rangers became the newest franchise to be awarded by the National Hockey League. Two years later, the Rangers won their first Stanley Cup.
    1928 - Birthday of trumpet player Joe Gordon, Boston, MA.  Died Nov 4, 1963 in Santa Monica, Ca.
    1928 – Mickey Mouse first appeared, in the cartoon “PlaneCrazy”.
    1930 - Ellen Church became the first airline stewardess (today's flight attendant), flying on a United Airlines flight from San Francisco to Cheyenne, WY.
    1931 - If we only had video then to record the famous time at Beta Theta Pi House, Yale, which brought the Dorsey Brothers Orchestra featuring both Bix Biederbecke and Bunny Berrigan on trumpet.
    1934 - Department of Justice offered $25,000 reward for Public Enemy #1, John Dillinger, dead or alive.
     1937 – Trinidad “Trini” Lopez was born Dallas.  His debut live album, “Trini Lopez at PJ's” (R/RS 6093), was released in 1963. The album included a version of "If I Had a Hammer", which reached #1 in 36 countries (No. 3 in the United States) and was a radio favorite for many years. It sold over one million copies, and was awarded a gold disc.
    1937 - Automation was taking the U.S. by storm as the internet was doing the turn of this century. Foodomat and Automat restaurants were the rage, including the first Keedoozle store that opened this day in Memphis, Tennessee. Clarence Saunders was the president. Sample merchandise was displayed behind rows of tiny glass windows. The customer made purchases by inserting a noticed rod into a keyhole beside the items desired.   The mechanism automatically recorded the selections. The merchandise was automatically collected and wrapped when the insertion of the key in a final slot released the contents to a conveyor for wrapping. Keedoozle is a coined word for “Key-does-all.” He is best known for his first self-service stores: Piggly Wiggly. He changed the way people purchased things at stores. He died in 1953 working on the first “Foodelectric” store. It is not known how he chose the name Piggly Wiggly.
    1937 - Madeleine Albright’s birthday in Czechoslovakia, the first female U.S. Secretary of State. When President Bill Clinton first appointed her as U.S. Ambassador to the United Nations in 1992, he made it a full cabinet post to show his high regard for Albright. It was also a signal that she would be an important part of his administration since she sat in on the major foreign affairs meetings. When Clinton's first secretary of state resigned, Albright was promptly moved up. Clinton and Albright go way back to when she held weekly political discussions at her home when she was with Georgetown University (where Clinton studied). A noted expert in foreign affairs, she was one of the first to advocate new relationships with the Soviet Union and Mikhail Gorbachev which led to the fall of the Iron Curtain. She also argued that economic sanctions would force Iraq to withdraw from Kuwait and she opposed the Gulf War. Albright speaks Czech, French, Polish, and Russian as well as English. She is the divorced mother of three daughters and because of the traditional/fearful secrecy - her father was exiled from his homeland - she did not find out she was part Jewish until she was at the U.N.
    1938 - Birthday of singer Lenny Welch, born in NYC and raised in Asbury Park, NJ.  His biggest hit, “Since I Fell for You”, reached number 4 on the Billboard Hot 100 in 1963.  His other hits included "Ebb Tide" in 1964, and he recorded the first vocal version of "A Taste of Honey" in 1962.
    1940 - Nylon hose went on sale at stores throughout the country. Competing producers bought their nylon yarn from E.J. duPont de Nemours. W. H. Carothers of duPont developed nylon, called "Polymer 66" in 1935. It was the first totally man-made fiber and over time, substituted for other materials and came to have wide-spread application.
    1940 - Donald Arvid Nelson, basketball coach and former player, born Muskegon, MI.  He was drafted 19th overall by the NBA Chicago Zephyrs, and was acquired by the LA Lakers in 1963. After two years with the Lakers, he was signed by the Boston Celtics.  In his first season with Boston, Nelson helped the Celtics to the 1966 NBA title as one of their role players. Four more championships with Boston followed in 1968, 1969, 1974, and 1976.   From 1976-2010 he coached several teams on the way to first place on the all-time NBA wins list with 1,333 wins.  His all-time record is 1,335–1,063 (.557).  He was inducted into the Basketball Hall of Fame in 2012.
    1940 – The McDonald brothers opened their first restaurant, as a barbeque, in San Bernardino, CA.  In 1948, they reorganized their business as a hamburger stand using production line principles.
    1941 – The beginning of what many believe to be one of the “unbreakable“ records in all of sports:  Joe DiMaggio began his 56 consecutive-game hitting streak, but the Yankees lost 13-1.
    1942 – Gasoline rationing began in the US.
    1945 - COURTNEY, HENRY ALEXIUS, JR., Medal of Honor
Rank and organization: Major, U.S. Marine Corps Reserve. Born: 6 January 1916, Duluth, Minn. Appointed from: Minnesota. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as Executive Officer of the 2d Battalion, 22d Marines, 6th Marine Division, in action against enemy Japanese forces on Okinawa Shima in the Ryukyu Islands, 14 and 15 May 1945. Ordered to hold for the night in static defense behind Sugar Loaf Hill after leading the forward elements of his command in a prolonged fire fight, Maj. Courtney weighed the effect of a hostile night counterattack against the tactical value of an immediate marine assault, resolved to initiate the assault, and promptly obtained permission to advance and seize the forward slope of the hill. Quickly explaining the situation to his small remaining force, he declared his personal intention of moving forward and then proceeded on his way, boldly blasting nearby cave positions and neutralizing enemy guns as he went. Inspired by his courage, every man followed without hesitation, and together the intrepid marines braved a terrific concentration of Japanese gunfire to skirt the hill on the right and reach the reverse slope. Temporarily halting, Maj. Courtney sent guides to the rear for more ammunition and possible replacements. Subsequently reinforced by 26 men and an LVT load of grenades, he determined to storm the crest of the hill and crush any planned counterattack before it could gain sufficient momentum to effect a breakthrough. Leading his men by example rather than by command, he pushed ahead with unrelenting aggressiveness, hurling grenades into cave openings on the slope with devastating effect. Upon reaching the crest and observing large numbers of Japanese forming for action less than 100 yards away, he instantly attacked, waged a furious battle and succeeded in killing many of the enemy and in forcing the remainder to take cover in the caves. Determined to hold, he ordered his men to dig in and, coolly disregarding the continuous hail of flying enemy shrapnel to rally his weary troops, tirelessly aided casualties and assigned his men to more advantageous positions. Although instantly killed by a hostile mortar burst while moving among his men, Maj. Courtney, by his astute military acumen, indomitable leadership and decisive action in the face of overwhelming odds, had contributed essentially to the success of the Okinawa campaign. His great personal valor throughout sustained and enhanced the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1951 - Top Hits
“If” - Perry Como
“Mockingbird Hill” - Patti Page
“On Top of Old Smokey” - The Weavers (vocal: Terry Gilkyson)
“Cold, Cold Heart” - Hank Williams
    1952 - Actor, writer, producer Chazz Palminteri was born Calogero Palmenteri in The Bronx….NOW I know where that name in the movie “Bronx Tale”, in which he starred with Robert DeNiro, came from!!
    1953 - World heavyweight champion Rocky Marciano collected his 44th pro boxing victory on this night, knocking out former champ, Jersey Joe Walcott, at Chicago Stadium in two minutes, 25 seconds of the first round
    1953 - Charlie Parker - Dizzy Gillespie jazz concert at Massey Hall, Toronto.  (Bud Powell, Max Roach, Charles Mingus, the first fusion of Bop with what was then called “Modern Jazz.”)
    1953 – KC Royals Hall of Fame 3B, George Brett, was born in Glen Dale, WV.
    1953 – The first pinewood derby was held in Manhattan Beach, CA.
    1954 - A Memphis truck driver named Elvis Presley auditioned with the house band at Memphis' Hi Hat Club and was told he'll never make it as a singer.
    1957 – Rev. Billy Graham launched his crusade before 18,000 at NYC’s Madison Square Garden.
    1959 - Top Hits
“The Happy Organ” - Dave ‘Baby' Cortez
“Sorry (I Ran All the Way Home)” - The Impalas
“Kookie, Kookie (Lend Me Your Comb)” - Edward Byrnes & Connie Stevens
“White Lightning” - George Jones
    1959 – To celebrate the 100th anniversary of the first college baseball game, between Amherst and Williams, the respective teams reenacted the original contest. 
    1962 - After five years on "Wagon Train", Robert Horton let his performing contract expire and left the popular TV series. Robert Fuller replaced Horton as the trail scout who rode with wagon master Chris Hale, played by actor John McIntire.
    1963 – Peter, Paul, and Mary won their first Grammy for “If I Had a Hammer.”
    1964 - The Smothers Brothers, Dick and Tom, gave their first concert in Carnegie Hall in New York City.
    1965 - The Byrds enter the Hot 100 for the first time with their version of Bob Dylan's "Mr. Tambourine Man", which will climb to #1 by June.
    1967 - Top Hits
“The Happening” - The Supremes
“Sweet Soul Music” - Arthur Conley
“Groovin'” - The Young Rascals
“Sam's Place” - Buck Owens
    1967 - At London's ultra-hip Bag O'Nails club, Paul McCartney meets a young photographer named Linda Eastman. They met again one year later to the day when Paul appeared with John on NBC-TV's “The Tonight Show” to talk about their upcoming venture, Apple Records.  McCartney and Eastman would marry in
    1967 – Newly-minted Hall of Fame P John Smoltz of the Atlanta Braves was born in Warren, MI.
    1969 - Governor Ronald Reagan sends in National Guard to reclaim People's Park from 6,000 protesters in Berkeley, California. Police gunfire kills a bystander, James Rector, blinds another, and injures dozens.
    1969 - Birthday of Emmitt Smith, III, famed Dallas Cowboy, in Pensacola, FL.  Widely considered to be one of the greatest running backs in NFL history, Smith became the NFL’s all-time rushing leader, breaking Walter Payton’s record, and played for three Super Bowl-winning Dallas Cowboys teams. Smith is the only running back to ever win a Super Bowl championship, the NFL Most Valuable Player award, the NFL rushing crown, and the Super Bowl Most Valuable Player award all in the same season (1993). He is also one of only four running backs to lead the NFL in rushing three or more consecutive seasons, joining Steve Van Buren, Jim Brown, and Earl Campbell.  Smith is also one of only two non-kickers in NFL history to score more than 1,000 career points (the other being Hall of Famer Jerry Rice). Smith was inducted into the Pro Football Hall of Fame in 2010.  In the fall of 2006, Smith won the third season of “Dancing with the Stars” with professional dancer Cheryl Burke.
    1970 - The Carpenters' second album was released by A&M Records. The title song, "(They Long to Be) Close to You", became a pop music standard and the first of six million-sellers in a row for Karen and Richard. In all, The Carpenters would have 10 gold records for singles and a dozen top ten hits to their credit. The duo won Best New Artist honors at the Grammy Awards in 1970.
    1970 – President Nixon appointed Anna Mae Hays and Elizabeth P. Hoisington the first female United States Army Generals.
    1971 - Pink Floyd played London's Crystal Palace Bowl, situated in front of a large lake in which, thanks to the band's volume, most of the fish died.
    1972 - Glen Campbell earned a gold record for his "Greatest Hits" album on this day.
    1972 - George Wallace, a former governor of Alabama and a symbol of segregation, was shot by Arthur Bremer while Wallace was at Laurel, MD, campaigning for the US presidency. For the remainder of his life (he died in 1998), Wallace was paralyzed from the waist down. On August 4, 1972, Bremer was sentenced to 67 years in prison for the shooting.
    1972 – Okinawa reverted to Japanese control after US military governance since 1945.
    1973 - California Angel Nolan Ryan pitched his first no-hitter and beat the Kansas City Royals, 3-0.  For his Hall of Fame career, Ryan threw a record seven no-hitters.
    1975 - Top Hits
“He Don't Love You (Like I Love You)” - Tony Orlando & Dawn
“Before the Next Teardrop Falls” - Freddy Fender
“Jackie Blue” - Ozark Mountain Daredevils
“She's Actin' Single (I'm Drinkin' Doubles)” - Gary Stewart
    1975 – Almost certain NFL Hall of Fame LB of the Baltimore Ravens, Ray Lewis, was born in Bartow, FL.
    1976 – Perhaps the biggest #1 draft pick bust in NFL history, Ryan Leaf, was born in Great Falls, MT.
    1981 - Len Barker of the Cleveland Indians pitched a perfect game, the first in major league baseball in 13 years, defeating the Toronto Blue Jays, 3-0, in Cleveland. Barker finished the year at 8-7, and was traded to the Atlanta Braves during the 1983 season.
    1982 - Five weeks after first appearing on the Billboard Pop chart, "Ebony and Ivory" reached #1. The Paul McCartney / Stevie Wonder duet would stay at the top for seven weeks.
    1983 - Top Hits
“Beat It” - Michael Jackson
“Let's Dance” - David Bowie
“Overkill” - Men at Work
“Whatever Happened to Old Fashioned Love” - B.J. Thomas
    1991 - Top Hits
“Joyride” - Roxette
“I Like the Way (The Kissing Game)” - Hi-Five
“Here We Go” - C + C Music Factory Presents Freedom Williams and Zelma Davis
“If I Know Me” - George Strait
    1998 - Golfer Notah Begay III, a college teammate of Tiger Woods, shot a 59 in the second round of the Nike Tour's Dominion Open in Richmond, VA. Begay thus became the third golfer to shoot a 59 in a US professional event after Al Geiberger and Chip Beck. Begay, however, did not go on to win the four-round tournament. Bob Burns did, shooting a 14-under-par 274. Begay tied for sixth place with a score of 277.
    2002 - The White House acknowledged that in the weeks before the Sept. 11 attacks, President Bush was told by U.S. intelligence that Osama bin Laden's terrorist network might hijack American airplanes, but that officials did not know that suicide hijackers were plotting to use planes as missiles.
    2008 - Two weeks after he appeared on American Idol, Neil Diamond topped the Billboard Hot 200 album chart for the first time in his career when "Home Before Dark" went to number one. The closest he came before was with the 1973 soundtrack to "Jonathan Livingston Seagull", which reached #2.
    2008 – California became the second state after Massachusetts to legalize same-sex marriage after the state's own Supreme Court ruled a previous ban unconstitutional.



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