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Monday, May 8, 2023


Today's Leasing News Headlines

U.S. Banking System: The Great Consolidation
    Number of FDIC-Insured Commercial Banks/Branch
New Hires/Promotions in the Leasing Business
    and Related Industries - May 8
Leasing and Finance Industry Help Wanted
    Grow Your Career/Join our Senior Sales Team
Top Ten Leasing News Read by Readers
    May 1  -  May 5
ELFA 2023 Graduating Class
    Principles Workshop April 2023
Rate Your Emails
    Subject Line
ELFA Announces “Hybrid” 2023
    Credit & Collections Management Conference
Dext Capital Closes Corporate Note Financing
    To Support Continued Growth and Expansion
Labrador Retriever
    Portland, Oregon  Adopt a Dog
News Briefs ---
Visualized: Comparing Real Interest Rates
    in 40 Countries
New cars, once part of the American Dream
    now out of reach for many
Tech Workers Aren’t as Rich as They Used to Be
    Stock declines wipe out $ billions of paper gains

You May Have Missed ---
ChatGPT for Finance Pro's
Tips & Tricks Guide

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

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

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


[headlines]
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U.S. Banking System: The Great Consolidation
Number of FDIC-Insurance Commercial Banks/Branch

A similar situation is happening in the commercial financing and leasing fields as more have become subsidiaries of a bank. It is not due to failure, but from access of funding and competition.

40 years ago, there were 14,469 commercial banks in the United States. By the end of last year, that number was down to 4,135, according to the FDIC.

Every failed bank that falls into the hands of the industry’s giants contributes to the decades-long consolidation trend in the banking sector, a trend that saw the number of U.S. banks shrink drastically from its peak in the early 1980s.

Note the similarities in the following list:
https://leasingnews.org/Pages/Out-of-broker-bus.htm

[headlines]
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New Hires/Promotions in the Leasing Business
and Related Industries-May 8


Kathy Collatos was hired as Regional Sales Manager, Balboa Capital, a Division of Ameris Bank, Costa Mesa, California.  She is located in the Concord, Massachusetts office. Previously, she was Senior Account Executive, Universal Finance Corp (January 2021 - May, 2023); Senior Account Manager, Navitas Credit Corporation (June, 2020 - January, 2023). She joined Amur Equipment Finance, June, 2011, National Account Manager, promoted March, 2018, Senior Account Manager. Full Bio: https://www.linkedin.com/in/kathy-collatos-67a39612/details/experience/
https://www.linkedin.com/in/kathy-collatos-67a39612/


Sylvia Greninger was hired as Retail Program Coordinator, Zaxis Financial Services Americas, LLC., Atlanta, Georgia. She is located in Wenatchee, Washington. Previously, she was Sales Support Manager, Allegiant Partners, Inc. (February, 2004 - May, 2023).
https://www.linkedin.com/in/sylvia-greninger-4473023a/


Mark Hlavenka was hired as Financial Sales Manager, Siemens Financial Services, Wake Forest, North Carolina. Previously, he was Director, Philips Capital (April, 2022 - January, 2023); Vice President, Dext Capital (October, 2021 - April, 2022. He joined DLL June, 2011, Program Manager/Healthcare Account Executive, June, 2011, promoted October, 2018, Healthcare Account Manager, promoted December, 2020, Account Manager, Accounts, Apple Financial Services; Relationship Manager, US Bank Equipment Finance (June, 2008 - June, 2011). Full Bio: https://www.linkedin.com/in/mark-hlavenka-081b7915/details/experience/
https://www.linkedin.com/in/mark-hlavenka-081b7915/


Kelsi Paden was hired as Sales Support Analyst, DLL, Philadelphia, Pennsylvania. Previously, she was at NewLane Finance, starting July, 2019, Business Development Manager, promoted May, 2020, Customer Solutions Specialist. Full Bio: https://www.linkedin.com/in/kelsi-paden-3717a559/details/experience/
https://www.linkedin.com/in/kelsi-paden-3717a559/


Scott Tenley was hired as Director of Portfolio Administration, JDR Solutions, India polis, Indiana. He is located in Cincinnati, Ohio. Previously, he was Sr. Portfolio Manager, OnPoint Capital, LLC (September, 2021 - May, 2023); Portfolio Administration, JDR Solutions (February, 2019 - September, 2021); Sales Coordinator, Huntington National Bank (2018 -2019). Full Bio:
https://www.linkedin.com/in/scott-tenley-85b50730/details/experience/
https://www.linkedin.com/in/scott-tenley-85b50730/

[headlines]
--------------------------------------------------------------

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


[headlines]
--------------------------------------------------------------

Top Ten Leasing News Read by Readers
May 1 - May 5

(1) The Top Four Leasing/Finance Funder Websites
In North America
https://leasingnews.org/archives/May2023/05_01.htm#four

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/May2023/05_03.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/May2023/05_05.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/May2023/05_01.htm#hires

(5) North Mill Equipment Finance and Affiliates
Form BriteCap Financial
https://leasingnews.org/archives/May2023/05_01.htm#nm

  (6) Miss The Good Old Days When the "Only Thing
  We Have to Fear is Fear Itself"
By Christopher Menkin, Editor/Publisher
https://leasingnews.org/archives/May2023/05_05.htm#miss

(7) Funders Looking for Broker Business
Updated
https://leasingnews.org/archives/May2023/05_03.htm#looking

(8) May Begins with Another Bank Failure
By Scott Wheeler, CLFP, Wheeler Business Consulting
https://leasingnews.org/archives/May2023/05_03.htm#month

(9) First Republic: Cheap, interest-only jumbo mortgages
to Silicon Valley’s elite fueled the bank’s failure
https://www.latimes.com/business/story/2023-05-01/first-republic-silicon-valley-jumbo-mortgages-fueled-bank-failure

(10) How Tesla’s Price Cuts Illustrate EV Ownership
Cost Volatility for Fleets
https://leasingnews.org/archives/May2023/05_03.htm#how



[headlines]
--------------------------------------------------------------

ELFA 2023 Graduating Class
Principles Workshop April 2023


Alexa Carnibella, Director of Professional Development, Equipment Leasing and Finance Association, sais, "Congratulations to the Principles Workshop's April 2023 graduating class! Not only do they have a greater understanding of how the leasing and finance business works (and where they fit in the workflow), but they also made new connections that will last throughout their careers.

“Many thanks to Kevin Prykull for teaching another outstanding workshop!”


ELFA Graduating Class Photo

Congratulations:
Tommy Anderson, Data Sales Co., Inc.
Kevin Angelo, Financial Partners Group
John Doering, Macquarie Corporate and Asset Finance
Liz Evans, KLC Financial LLC
Marcel Fournier, Huntington Equipment Finance
Wyatt Gaulke, Data Sales Co., Inc.
Andy Gohsman, BMO Harris Equipment Finance
Adrienne Helfer, Flagstar Bank
Dana Howng, Macquarie Corporate and Asset Finance
Jeremy Jordan-Jump, Macquarie Corporate and Asset Finance
Jim Knutson, BMO Harris Equipment Finance
Eric Larsen, Macquarie Corporate and Asset Finance
Vince Locicero, TD Equipment Finance, Inc.
Jacob Mathes, Wintrust Commercial Finance
Caitlin O’Neill, TIAA Bank
Joe O'Brien, Fifth Third Bank
Nate Obringer, Fifth Third Bank
Jeff Okeke, Macquarie Corporate and Asset Finance
Carolina Patiño, Kin Analytics
John Petlon, Financial Partners Group
Ben Phillips, VFS LLC
Danny Pistorio, Madison Capital LLC
Jodi Raiford, KLC Financial LLC
Katharine Rudzitis, Macquarie Corporate and Asset Finance
Kelly Ruggiere, Wintrust Commercial Finance
German Ruiz, Madison Capital LLC
Max Schultz, BMO Harris Equipment Finance
Nik Schultz, SMBC Leasing And Finance, Inc.
Chris Spadafora, Flagstar Bank
Remy Wilkison, Stonebriar Commercial Finance

[headlines]
--------------------------------------------------------------

Rate Your Email
Subject Lines

Kevan Wilkinson, Fintech and Financial Content writer, recommends email subject line tester by Omnisend.

Whether it's an equipment leasing sales email or an internal email to staff, "it's vital to get the most out of our emails as well as your websites, promotions, and internet communication, he has observed.

"It begins with the subject line," he notes.”Recipients will only open your emails or advertisement if they have subject lines that generate instant interest.

Here is a start free email subject line tool that assigns a score to your email subject lines. Try it out now and start improving your email performance today.”

Pricing after you start free as little as $16 a month.

https://www.omnisend.com/subject-line-tester/

Kevan Wilkinson
Fintech and Financial Content Writer
E:  kevan@kevanwrites.com
T:  714-248-5411
W: https://www.kevanwrites.com

[headlines]
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##### Press Release ############################

ELFA Announces 2023
Credit & Collections Management Conference

Hybird Event (virtual and in-person)


Washington, D.C. – The Equipment Leasing and Finance Association today announced the agenda for its 2023 Credit & Collections Management Conference and recognized the members who are serving on the Credit & Collections Planning Committee. New this year, the Conference is offered both in-person June 7-9 at the Hilton Palacio Del Rio in San Antonio and virtually at a special discounted rate. The event will address new and emerging issues relevant to credit and collections professionals and emerging professionals in the equipment finance industry.


Sarah Palmer, Chair of the ELFA Credit & Collections Planning Committee, which plans and hosts the Forum, explained, “This is the event to get the big picture on what’s happening with credit and collections.

 “Our discussions are going to be timely and thought-provoking, ranging from shifting economic winds, to climate financing, to the distributed workforce. Plus, attendees will have outstanding opportunities to network with both senior professionals and newcomers.”

Topics addressed at ELFA Credit & Collections Management Conference will include:

  • Climate Financing for Credit
  • Tools, Tricks and Technology to Defend Against Fraud
  • Results of the 2023 Collections Effectiveness Survey and the Credit Managers Survey
  • 2023 Economic Outlook with Economist Jeff Jensen of Keybridge
  • Legal Update
  • How Would You Do the Deal?
  • Recover, Settle or Sue?
  • Underwriting: Key Market Risks and New Markets
  • Credit Scoring in a Recessionary Environment
  • Collections War Stories and Strategies for the Next Go-Around
  • Workforce Trends in 2023
  • Top 10 Trends with ELFA President and CEO Ralph Petta
  • Roundtable sessions for bank and non-bank equipment finance companies

Attendees also will participate in networking opportunities—including a People Power Brunch, Newcomers Reception, Hosted Reception and more—and browse an interactive exhibit hall featuring the latest industry solutions.

Planning Committee
ELFA recognized the members of the 2023 Credit & Collections Planning Committee who are helping to plan the Credit & Collections Management Conference, including:

  • Sarah Palmer, Underwriting and Asset Management Executive, Key Equipment Finance (Committee Chair)
  • Lewis Cohn, Managing Partner, Cohn & Dussi, LLC
  • Alexander Darcy, Shareholder, Darcy & Devassy PC (formerly Askounis & Darcy)
  • Robert Fagan, Vice President of Customer Service & Collections, Eastern Funding LLC
  • Daniel Goderis, Director, Portfolio Management, GreatAmerica Financial Services
  • Christine Holguin, Industry Credit Lead, Fifth Third Bank, National Association
  • Chris Jung, Director, Americas Credit & Risk Officer, Cisco Systems Capital Corporation
  • Cecile Latouche
  • Louis Maslowe, Chief Risk Officer, Commercial Domain, DLL (Immediate Past Chair)
  • Scott McCann, Senior Credit Officer, Pinnacle Financial Partners, Inc.
  • Michael Mount, CLFP, SVP, Credit Executive, U.S. Bank
  • Dana Pace, Senior Vice President, Director of Operations & Asset Resolution, PNC Equipment Finance
  • Kevin Prykull, CLFP, Adjunct Professor in Finance, Duquesne University
  • Martina Rider Porter, Partner, Hemar, Rousso & Heald, LLP
  • James St. Clair, Outsourcing Director, DLL
  • Jim Tobin, Director Retail Credit, VFS US, Volvo Financial Services
  • Thomas Ware, President, Tom Ware Advisory Services, LLC

More Information
The agenda and registration details for ELFA Credit & Collections Management Conference are available at www.elfaonline.org/events/2023/CC.

For additional risk management tools and market insights for the equipment finance industry from the ELFA Knowledge Hub, visit the Risk Management page of the ELFA website.

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.

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

 

[headlines]
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### Press Release ############################

Dext Capital Closes Corporate Note Financing
To Support Continued Growth and Expansion

PORTLAND, OR  Dext Capital (Dext), a leading healthcare equipment leasing company, announces the recent closing of an investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth and expansion initiatives for the business, primarily by funding new originations.


Kyin Lok, Chief Executive Officer of Dext, said, “This transaction allows us to optimize the Company's capitalization structure and accelerate our efforts for continued market growth.

 "We appreciate the continued support of our institutional investors, who recognize our industry expertise and strong financial position."

Founded in 2018, Dext specializes in providing flexible financing solutions to the healthcare industry, helping customers acquire and upgrade essential-use equipment, improve cash flow and manage risk. As a well-capitalized platform with deep sector expertise and a focus on customer service, Dext has established itself as a trusted partner for healthcare providers throughout the United States.

Brean Capital, LLC served as the Company's exclusive financial advisor and sole placement agent in connection with the transaction.

About Dext Capital
Dext Capital is an independent equipment finance company with strong financial sponsorship from Sightway Capital, a Two Sigma company, and a leadership team of industry veterans with over 150 years of combined leasing experience. The executives team leverages demonstrated skill and knowledge to create an equipment finance company the "right way" - enabled by innovative technology and effective use of data, unburdened by current barriers to customer excellence, and focused on successful growth by employing the best people and embracing a respectful culture. For more information, please visit https://dextcapital.com/

About Sightway Capital
Sightway Capital is a Two Sigma company focused on middle market growth equity investing in financial services and real assets. The company employs a principal mindset and flexible capital approach to building successful business platforms with experienced operators and strategic partners. The team at Sightway Capital thinks long-term, targeting business opportunities that we believe afford both asymmetric risk rewards and enterprise value creation over time. They look for opportunities in and around several asset-intensive industries where our team has significant experience and a network of long-standing relationships. For more information, please visit
https://www.twosigma.com/businesses/sightway-capital/

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

--------------------------------------------------------------

Labrador Retriever
Portland, Oregon  Adopt a Dog


Anna

Code; 286654
Female
Black/White
12 weeks old
14.4 lbs.
Puppy\
Location: Dog Red pod
Kennel 62
Adoption Fee: $500

I am just a baby! I will need guidance and patience - plus regular play time with you! Taking a training class will help us bond and help me become a model canine citizen.

Adoption Process:
https://www.oregonhumane.org/adopt/how-to-adopt/

Oregon Humane Society
1067 NE Columbia Blvd,
Portland, Oregon 97211
(503) 285-7722
https://www.oregonhumane.org/

[headlines]
--------------------------------------------------------------

News Briefs---

Visualized: Comparing Real Interest Rates
     in 40 Countries
https://elements.visualcapitalist.com/visualized-real-interest-rates-by-country

New cars, once part of the American Dream
    now out of reach for many
https://www.washingtonpost.com/business/2023/05/07/new-car-market-high-interest-rates/

Tech Workers Aren’t as Rich as They Used to Be
    Stock declines wipe out billions of dollars of paper gains
https://www.wsj.com/articles/tech-workers-arent-as-rich-as-they-used-to-be-d2292d64?st=e2a6af6w3kr25c0&reflink=desktopwebshare_permalink


[headlines]
--------------------------------------------------------------


ChatGPT for Finance Pro's:
    Tips & Tricks Guide
https://programminglanguage.tradepub.com

[headlines]
--------------------------------------------------------------


Sports Briefs---

Bucks fire coach Mike Budenholzer after early exit
https://www.espn.com/nba/story/_/id/37424110/sources-bucks-fire-coach-mike-budenholzer-early-exit

Seven Big Questions for NFL Teams After the Draft
https://www.theringer.com/nfl-draft/2023/5/4/23710236/seven-big-questions-for-teams-after-2023-nfl-draft-aaron-rodgers-brock-purdy-mac-jones

The Warriors have their Jack Nicholson: Her name is Zendaya
https://www.sfchronicle.com/sports/warriors/article/the-warriors-jack-nicholson-her-name-zendaya-18080308.php

[headlines]
--------------------------------------------------------------


California News Briefs---

Oakland Faces a ‘Devastating’ Future
    Without Pro Sports
https://www.nytimes.com/2023/05/04/sports/baseball/oakland-athletics-fans-las-vegas.html

Big San Jose office building within tech
    campus lands city approval
www.mercurynews.com/2023/05/04/san-jose-office-real-estate-tech-office-economy-covid-build-develop/

[headlines]
--------------------------------------------------------------

Gimme that Wine

 

Gloria Ferrer vineyards a Sonoma County pioneer
     in using AI to monitor crops
https://www.pressdemocrat.com/article/lifestyle/gloria-ferrer-vineyards-a-sonoma-county-pioneer-in-using-ai-to-monitor-crop/

The 15 Best Wines In 2023 So Far
https://www.tastingtable.com/1255933/best-wines-2023/

Archaeologists uncover elaborate ancient
winery among Roman ruins
https://www.thedrinksbusiness.com/2023/04/archaeologists-uncover-elaborate-ancient-winery-among-roman-ruins/

Oregon State researchers make breakthrough in
   understanding the chemistry of wildfire smoke in wine
https://today.oregonstate.edu/news/oregon-state-researchers-make-breakthrough-understanding-chemistry-wildfire-smoke-wine

[headlines]
----------------------------------------------------------------

This Day in American History

      1494 - Columbus discovered Jamaica in 1494, meeting the Arawak Indians, who reportedly celebrated the event with a rum drink. He would eventually enslave or kill all on the many islanders by disease or violence.
The European nations would then bring over mostly African slaves to do the work on the land. 
http://www.picturehistory.com/find/p/1405/mcms.html 
http://www.hartford-hwp.com/archives/41/038.html 
http://www.webster.edu/~corbetre/haiti/history/precolumbian/tainover.htm
    1780 – The second oldest learned society in the U.S., the American
    1847 - The American Medical Association was organized at a meeting at Philadelphia attended by 250 delegates. This was the first national medical convention in the US.
    1864 - The forces of Union General Ulysses S. Grant and Confederate General Robert E. Lee clash in the Wilderness, beginning an epic campaign for the capture of the Confederacy capital. Lee had hoped to meet the Federals, who plunged into the tangled Wilderness west of Chancellorsville, Virginia, the day before, in the dense woods to mitigate the nearly two-to-one advantage Grant possessed as the campaign opened. For the next six weeks, the battle continued off and on.
    1867 - Nelly Bly was born Elizabeth Cochran Seaman (d. 1922), Cochran’s Mill, PA.  The first woman superstar of journalism, she was a fighter for women's rights and the underdog. She once feigned insanity to get inside asylum to expose the dismal conditions for the emotionally ill. Her fame, however, rests on a publicity race around the world to beat the 80-day around the world fictional trip authored by Jules Verne. Her career started at $5 a week and reached a high point of $25,000 a year. Her first articles were about the slum life of her home area of Pittsburgh and the dismal conditions forced on the working girls of the city because of low wages and social stigmas. She then went to Mexico where she wrote of the poor there and the overt official corruption that kept so much of the culture in poverty while making others super rich. She was expelled from Mexico when the articles appeared. The articles were later collected in “Six Months in Mexico” (1888). She moved to New York to work for Joseph Pulitzer's New York World at a much higher salary. Her first assignment was feigning insanity and being committed to an asylum. Her exposes resulted in a grand jury hearing and some changes in care of the insane. The articles were collected in “Ten Days in a Mad House” (1887). Her career included exposes of sweatshops, the jail system (she was arrested after pretending to shoplift), and even the briberies inherent in the lobbying system that influences legislatures. Then came her high publicized trip around the world to break the Jules Verne fictional record of "Around the World in 80 Days." Traveling alone on whatever transportation was available, she sent back dispatches that were eagerly read by the public so that when she returned to New York in 72 days, 6 hours and 11 minutes, she was the most famous woman in America, perhaps in the world. She published her exploits in a successful “Nellie Bly's Book: Around the World in Seventy-two Days” (1890). She was 23 years old. She also described using a diving bell to descend into the ocean and then floating above the earth in a balloon. The pen name "Nellie Bly" came from a Stephen Foster song.
    1891 - The world-famous Carnegie Hall opened in New York. Designed by architect William B. Tuthill and built by philanthropist Andrew Carnegie, it is one of the most prestigious venues in the world for both classical music and popular music. Among the opening night attractions ... Tchaikovsky conducting his "Marche Solennelle." On this date in 1991, a 100th birthday celebration for the hall included two concerts, featuring the likes of violinist Isaac Stern, tenor Placido Domingo, soprano Jessye Norman, cellist Mstislav Rostropovich and conductor Zubin Mehta.
    1892 – Congress extended the Chinese Exclusion Act for 10 years. The first significant Chinese immigration to North America began with the California Gold Rush of 1848–1855 and it continued with subsequent large labor projects, such as the building of the Transcontinental Railroad.  During the early stages of the gold rush, when surface gold was plentiful, the Chinese were tolerated, if not well received.  As gold became harder to find and job competition increased, animosity toward the Chinese and other foreigners increased.  The Chinese Exclusion Act signed by President Chester A. Arthur on May 6, 1882, prohibiting all immigration of Chinese laborers. The act followed the Angell Treaty of 1890, a set of revisions to the US–China Burlingame Treaty of 1868 that allowed the US to suspend Chinese immigration. The act was initially intended to last for 10 years and this extension in the Geary Act was made permanent in 1902. The Chinese Exclusion Act was the first law implemented to prevent a specific ethnic group from immigrating to the United States. It was repealed by the Magnuson Act on December 17, 1943.
    1893 - Stock Market Crash: Wall Street stock prices took a sudden drop. By the end of the year, 600 banks had closed. The Philadelphia and Reading, the Erie, the Northern Pacific, the Union Pacific and the Atchison, Topeka and Santa Fe railroads had gone into receivership; 15,000 other businesses went into bankruptcy. Other than the "Great Depression" of the 1930s, this was the worst economic crisis in US history; 15-20 percent of the workforce was unemployed.
    1895 - Margaret Francis “Peggy” Bacon (d. 1987) was born in Ridgefield, CT.  U.S. artist. Her main media were painting, dry point etching, and lithography. She once gave up painting because her husband derided her and made her think her efforts were inadequate. She was able to fashion a great career in caricatures and book illustrations. Her work was often featured in the New Yorker magazine. She resumed serious painting after her divorce at age 45. At age 80, in 1975, she became the first living woman to be given a retrospective at the National Museum of American Art. Her witty, much praised caricatures of the famous of her era were collected in the best-seller “Off with Their Heads” (1934).
    1903 - James Beard (d. 1985) birthday at Portland, OR.  The Father of American Cooking. In a long and busy culinary career, he penned more than 20 classic cookbooks, appeared on television's first cooking show in 1946 and was an enthusiastic ambassador for the American style of cooking. His Greenwich Village brownstone is America's only culinary historic landmark and serves as the headquarters of the James Beard Foundation.
    1904 - Denton True "Cy" Young pitched baseball's first perfect game, not allowing a single opposing player to reach first base. Young's outstanding performance led the Boston Americans in a 3-0 victory over Philadelphia in the American League. Young will eventually complete 24 straight hitless innings, still the record, and 45 shutout innings in a row, a record until broken by Jack Coombs’ 53 scoreless frames in 1910.  The Cy Young Award for pitching was named in his honor.
    1925 - High school science teacher John Scopes was arrested for teaching evolution in one of Tennessee's public schools
http://lcweb2.loc.gov/ammem/today/today.html
    1936 - The first bottle with a screw cap and a pour lip was patented by Edward A. Ravenscroft, Glencoe, Il. The bottles were manufactured by the Abbott Laboratories, North Chicago, Il.
    1938 - Soul singer Johnnie Taylor (d. 2000) was born in Crawfordville, Arkansas. One of the mainstays of the Stax-Volt label in Memphis during the late '60s, his best-known recording is his 1968 million-seller "Who's Making Love?"
    1942 - Country superstar Tammy Wynette was born Virginia Wynette Pugh (d. 1998) near Tupelo, Mississippi. "D-I-V-O-R-C-E" and "Stand by Your Man," which is also the title of her autobiography, are typical of her country ballads, backed by the lush orchestral arrangements of Billy Sherrill. "Stand by Your Man," which topped the country charts in 1968, was the biggest-selling single by a woman in the history of country music. Her other number-one hits include "The Ways to Love a Man" from 1969, "He Loves Me All the Way" from 1970 and "We're Gonna Hold On," a 1973 duet with George Jones. Wynette and Jones were married from 1968 to 1975. In 1992, she teamed up with pop-pranksters The KLF. Together they scored a modest hit with a reworking of "Stand by your Man," called "Justified and Ancient (Stand by the Jams)."
    1945 - In Lakeview, Oregon, Mrs. Elsie Mitchell and five neighborhood children are killed while attempting to drag a Japanese balloon out the woods. Unbeknownst to Mitchell and the children, the balloon was armed, and it exploded soon after they began tampering with it. They were the first and only known American civilians to be killed in the continental United States during World War II. The U.S. government eventually gave $5,000 in compensation to Mitchell's husband and $3,000 each to the families of Edward Engen, Sherman Shoemaker, Jay Gifford, and Richard and Ethel Patzke, the five slain children. The news was never printed in newspapers and other balloons were handled by the army. The Japanese were unaware that the balloons reached the United States. The explosive balloon found at Lakeview was a product of one of only a handful of Japanese attacks against the continental United States, which were conducted early in the war by Japanese submarines and later by high-altitude balloons carrying explosives or incendiaries. In comparison, three years earlier, on April 18, 1942, the first squadron of U.S. bombers dropped bombs on the Japanese cities of Tokyo, Kobe, and Nagoyo, surprising the Japanese military command, who believed their home islands to be out of reach of Allied air attacks. When the war ended on August 14, 1945, some 160,000 tons of conventional explosives and two atomic bombs had been dropped on Japan by the United States. Approximately 500,000 Japanese civilians were killed as a result of these bombing attacks.
    1945 - The War Department announces that about 400,000 troops will remain in Germany to form the US occupation force and 2,000,000 men will be discharged from the armed services, leaving 6,000,000 soldiers serving in the war against Japan.
    1946 - Birthday trumpet player, composer Jack Walrath, Stuart, FL.
http://shopping.yahoo.com/shop?d=produ
ct&id=1927006563&clink=dmmu.artist&a=b

http://www.jackwalrath.com/bio.htm
    1949 - Top Hits
“Cruising Down the River” - The Blue Barron Orchestra (vocal: ensemble)
“Forever and Ever” - Perry Como
“Again” - Doris Day
“Lovesick Blues” - Hank Williams
    1949 - “Stop the Music” Premiers. ABC's prime-time musical-game show hosted by Bert Parks. Featured the singing talents of Kay Armen, Jimmy Blaine, Betty Ann Grove, Estelle Loring, Jaye P. Morgan and June Valli, and the dancing numbers of Sonja and Courtney Van Horne. Harry Salter conducted the band.
    1955 - The musical, "Damn Yankees" opened in New York City for a successful run of 1,019 performances. The show, at the 42nd Street Theatre mixed both baseball and ballet. It is an adaptation of the book, "The Year the Yankees Lost the Pennant." Gwen Verdon starred in the role of Lola. “Whatever Lola Wants Lola Gets,” including the Tony for Best Actress in a musical for her performance. My mother took me to the matinee and Ray Walton as the devil was my favorite.
    1955 - Dodger rookie hurler Tommy Lasorda, making his Major League debut, ties a record by throwing three wild pitches in the first inning of a 4-3 victory over the Cardinals. The future Dodger Hall of Fame skipper doesn't get the decision and will end his playing days after the 1956 season with a lifetime record of 0-4.
    1957 - Top Hits
“All Shook Up” - Elvis Presley
“School Day” - Chuck Berry
“A White Sport Coat (And a Pink Carnation)” - Marty Robbins
“Gone” - Ferlin Husky
    1961 - Astronaut Alan B. Shepard Jr. became America's first space traveler as he made a 15-minute suborbital flight in a capsule launched from Cape Canaveral
http://www.nytimes.com/learning/general/onthisday/big/0505.html
    1962 - "West Side Story" soundtrack album goes to #1 and stays there for 54 weeks which is more than 20 weeks longer than any other album
    1962 - No. 1 Billboard Pop Hit: "Soldier Boy," The Shirelles.
    1965 - Top Hits
“Mrs. Brown, You've Got a Lovely Daughter” - Herman's Hermits
“I Know a Place” - Petula Clark
“I'll Never Find Another You” - The Seekers
“This is It” - Jim Reeves
    1966 - Willie Mays hit home run number 512 of his career. The San Francisco Giants' superstar became the greatest home run hitter in the National League to that time, passing New York Giant Mel Ott.
    1967 - "San Francisco" by Scott McKenzie enters the charts and will eventually hit #4. The song became kind of an anthem during the hippie movement.
    1968 - Buffalo Springfield played its final show in Long Beach, California. There were reports of persistent squabbling between group members Stephen Stills and Neil Young. But Stills and Young would go on to form Crosby, Stills, Nash and Young with David Crosby and Graham Nash. Buffalo Springfield was together only two years and released just three albums, but their 1967 hit "For What It's Worth" became an anthem for the hippie generation.
    1973 - Secretariat, ridden by Ron Turcotte, won the Kentucky Derby in record time of 1:59.2. “Big Red,” as he was known, beat Sham by 2 ½ lengths and went on to win the Triple Crown.
    1970 - No. 1 Billboard Pop Hit: "American Woman," Guess Who.
    1973 - Top Hits
“Tie a Yellow Ribbon Round the Ole Oak Tree” - Dawn featuring
   Tony Orlando
“The Cisco Kid” - War
“Little Willy” - The Sweet
“Behind Closed Doors” - Charlie Rich
    1973 - The University of Miami breaks away from the unstated but clearly understood rules and offers the first athletic scholarship ever made to an American WOMAN (Terry Williams). YES - the date was 1973.
    1978 - Pete Rose of the Cincinnati Reds got the 3,000th hit of his career, a single off Steve Rogers of the Montréal Expos. Rose played in the Majors from 1963 through 1986 and wound up with 4,256 hits, more than any other player.
    1979 - Thirteen years after the original duo of Peaches and Herb split up, Herb Feemster teamed up with a new Peaches, Linda Greene, to enjoy a four-week run at #1 on the US singles chart with "Reunited."
    1979 - 28-year-old Suzi Quatro reached #5 on the Hot 100 with a duet with Chris Norman called "Stumblin' In." It would be the only time she cracked the Top 40.
    1981 - Top Hits
“Morning Train” (“Nine to Five”) - Sheena Easton
“Just the Two of Us” - Grover Washington, Jr./Bill Withers
“Being with You” - Smokey Robinson
“Rest Your Love on Me” - Conway Twitty
    1981 - Mobile, Alabama had its worst flash flooding ever as thunderstorms unloaded 8 to 16 inches of rain over the metro area in a couple of hours. Damage was $36 million.
    1982 - No. 1 Billboard Pop Hit: "Chariots of Fire," Vangelis. The performer, whose real name is Evangelos Papanthanassiou, wins an Academy Award for the score to the film "Chariots of Fire."
    1986 - Sacramento, California hit the 100 degree mark, breaking the previous record for this day of 92 degrees which was set in 1944. This is the earliest in the season Sacramento has hit the 100 mark.
    1987 - Unseasonably hot weather prevailed in the western U.S. A dozen cities in California reported record high temperatures for the date. Afternoon highs of 93 degrees at San Francisco, 98 degrees at San Jose, 100 degrees at Sacramento, and 101 degrees at Redding, were the warmest of record for so early in the season. The high of 94 degrees at Medford OR was also the warmest of record for so early in the season.
    1989 - Top Hits
“Like a Prayer” - Madonna
“I'll Be There for You” - Bon Jovi
“She Drives Me Crazy” - Fine Young Cannibals
“Young Love” - The Judds
    1989 - Thunderstorms swept across Georgia and the Carolinas during the late afternoon and evening hours spawning seventeen tornadoes. A tornado at Toccoa, GA injured 15 persons, and a tornado at Chesnee, SC killed two persons and injured 35 others. Five tornadoes in North Carolina accounted for five deaths, 88 injuries, and $60 million damage. Thunderstorms also produced baseball size hail at Lake Murray, SC, and wind gusts to 78 mph at Brooklyn, MD.
    1990 - A strong Pacific cold front moving rapidly inland caused weather conditions at the east end of the Strait of Juan de Fuca in Washington State to quickly change from sunny and calm to westerly winds of 60 mph and ten-foot waves. Three recreational fishing boats capsized in heavy seas off Port Angeles resulting in five deaths. In California, temperatures soared above 90 degrees across much of the state. The high of 101 degrees in downtown Los Angeles was eight degrees hotter than their previous record for the date
    1993 - Microsoft announced it would bundle its popular database software, Microsoft Access, with its Microsoft Office package, which already included MS Word and Excel. Microsoft's competitors, including Lotus and WordPerfect, also added database software to their office software suites.
    1995 - A supercell thunderstorm rapidly developed just ahead of a fast-moving bow echo squall line and blasted Tarrant County, Texas. Large hail up to 5 inches in diameter, driven by 80 mph winds, caused a tremendous amount of damage. 10,000 people were caught out in the open at Mayfest in Downtown Fort Worth, resulting in 109 injuries from the large hail. Torrential rains of up to 3 inches in 30 minutes and 5 inches in one hour across Dallas caused unprecedented flash flooding, resulting in 16 deaths. Total damage in Fort Worth alone was estimated at $2 billion, making this the costliest thunderstorm event in U.S. history. This was the third severe hailstorm to strike the area in only a little over a month.
    1997 - Crosby, Stills and Nash helped mark the 27th anniversary of the Kent State University shootings with a concert at the Ohio campus. The group performed their hit "Ohio," written by Neil Young after the killings of four students by National Guardsmen during an anti-war demonstration on May 4th, 1970.
    1999 - At the 34th annual Academy of Country Music Awards, Garth Brooks is named artist of the decade, Dixie Chicks' critically acclaimed multiplatinum debut "Wide Open Spaces," is named album of the year, and Faith Hill wins top female vocalist, as well as single and video of the year honors for "This Kiss."
    2000 - Cardinal first baseman Mark McGwire hits the longest home run in the 30-year history of Riverfront/Cinergy Field, but the 473-foot shot isn't enough as Ken Griffey Jr.'s homer leads the Reds past St. Louis, 3-2.
    2005 - Mavis Staples and Charlie Musselwhite lead the field with three trophies each at the 26th W.C. Handy Awards, held in Memphis.
    2013 - The world's first plastic gun, produced by a 3-D printer by Defense Distributed fired successfully in Austin, Texas. Security officials fear plastic weapons would not be detected at airport screenings.
    2020 - Global confirmed cases of COVID-19 reach 3.65 million, US cases pass 70,000 while the UK becomes the most affected in Europe with 29,427 known deaths.

NBA Champions:
    1969 - Boston Celtics
Stanley Cup Champions:
    1966 - Montréal Canadiens


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