Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

You May Have Missed ---
Negotiators see progress on debt ceiling,
as Biden’s liberal allies worry

######## 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.

Story Credit Financing
Business Loans, SBA Loans, Working Capital

Balboa Capital Corp.
Bankers Capital
Black Rock Capital Investment
BSB Leasing, Inc
Calfund
Dakota Financial

Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Maxim Commercial Capital, LLC
North Mill Equipment Finance

Pawnee Leasing Corporation
P&L Capital Corporation
Providence Equipment Finance
Quality Leasing Co. Inc.
SLIM Capital, LLC
TEAM Funding Solutions

Alphabetical list-click on company name to view more details

Here are funders who take "A" and "B" rated applicants. They are also more interested not in "application only." They become more comfortable learning more, beyond reviewing financial statements and tax returns, additional collateral, learning more about the story behind the business as qualifiers.

To qualify for this list, the company must be a funder (as qualified by Leasing News) and are on the “Funder List” and not a "Broker” or “Super Broker.”

Leasing News reserves the right to not list a company who does not meet these qualifications.

Funder List “A”
http://www.leasingnews.org/Funders_Only/Funders.htm

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is also very much encouraged."

Full List:
https://leasingnews.org/Story_Credit/Story_Credit.htm

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

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Why YOU!

Sales Makes it Happen by Scott Wheeler, CLFP

Why should a vendor or end-user use you rather than a competitor? Why are YOU the best option?

Top producers in the commercial equipment finance and leasing industry can easily answer the above questions while the average originator struggles. Top producers' answers are immediate, concise, and powerful statements. They confidently answer the above questions and can provide examples of how they have delivered superior service to their vendors and end-users.

The disparity between average and top originators is once again widening. End-users and vendors want more than order takers. They want originators who are confident about their position in the market, originators who can articulate their personal value proposition, and originators who can deliver results.

As we move through 2023, the difference between average and superior originators will be more clearly defined. The good news is that it is never too late to convert to a top originator. The key steps are:

Having the personal desire to become the best
Embracing change and career advancement
Focusing on success - putting forth the effort
Being able to sincerely and confidently answer the above two questions
Executing your plan every day.

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

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

Sales Makes it Happen articles:
https://leasingnews.org/Legacy

More New Vehicle Supply Boosts Sales
Highest Level in Two Years Reports Cox Automotive

New-vehicle inventory closed April up from a month earlier to its highest level in two years, supporting brisk sales, according to Cox Automotive’s analysis of EV Auto Available Inventory data released May 11.

Meanwhile, days of supply dipped on higher sales. The average listing price of a new vehicle returned to above $47,000 in April.

The average price Americans paid for a new vehicle in April remained below the manufacturer’s suggested retail price (MSRP) for the second straight month. Incentives climbed to their highest level in the past year at 3.6% of the April ATP, averaging $1,714 per vehicle.

Charlie Chesbrough, Cox Automotive Senior Economist, said, “Some brands and segments have far too much inventory, so we are seeing discounts and incentives increase,

“We also are seeing more lease deals that have been almost non-existent that past couple of years.”

Import non-luxury and luxury brands had the lowest inventories. The highest inventories were a mix of non-luxury domestic brands, dominated by Stellantis’ makes, and a mix of luxury brands.

Non-luxury brands with the lowest inventory were Toyota, Kia and Honda, all with under 30 day’s supply, followed by Subaru, Hyundai and Volkswagen, all with below-industry average supply. Luxury brands at the low end were Lexus, at under 30 days of supply, followed by BMW and Land Rover, both below the industry average.

Full Article
https://www.automotive-fleet.com/10198730/more-new-vehicle-supply-boosts-sales

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How Electric Vehicle Adoption Will Impact
Oil Consumption (2015-2025P)

The EV Impact on Oil Consumption

As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity.

To highlight the EV impact on oil consumption, the above infographic shows how much oil has been and will be saved every day between 2015 and 2025 by various types of electric vehicles, according to BloombergNEF.

How Much Oil Do Electric Vehicles Save?

A standard combustion engine passenger vehicle in the U.S. uses about 11 barrels of oil equivalent (BOE) per year.
https://afdc.energy.gov/data/10308

A motorcycle uses 1, a Class 8 truck about 24, and a bus uses more than 258 BOEs per year.

When these vehicles become electrified, the oil their combustion engine counterparts would have used is no longer needed, displacing oil demand with electricity.

Since 2015, two and three-wheeled vehicles, such as mopeds, scooters, and motorcycles, have accounted for most of the oil saved from EVs on a global scale. With a wide adoption in Asia specifically, these vehicles displaced the demand for almost 675,000 barrels of oil per day in 2015. By 2021, this number had quickly grown to 1 million barrels per day.

Let’s take a look at the daily displacement of oil demand by EV segment.

Today, while work is being done in the commercial vehicle segment, very few large trucks on the road are electric. However, this is expected to change by 2025.

Meanwile, electric passenger vehicles have shown the biggest growth in adoption since 2015.

In 2022, the electric car market experienced exponential growth, with sales exceeding 10 million cars. The market is expected to continue its strong growth throughout 2023 and beyond, eventually coming to save a predicted 886,700 barrels of oil per day in 2025.

From Gas to Electric

While the world shifts from fossil fuels to electricity, BloombergNEF predicts that the decline in oil demand does not necessarily equate to a drop in oil prices.

In the event that investments in new supply capacity decrease more rapidly than demand, oil prices could still remain unstable and high.

The shift toward electrification, however, will likely have other implications.

While most of us associate electric vehicles with lower emissions, it’s good to consider that they are only as sustainable as the electricity used to charge them. The shift toward electrification, then, presents an incredible opportunity to meet the growing demand for electricity with clean energy sources, such as wind, solar and nuclear power.

The shift away from fossil fuels in road transport will also require expanded infrastructure. EV charging stations, expanded transmission capacity, and battery storage will likely all be key to supporting the wide-scale transition from gas to electricity.

Source:
https://elements.visualcapitalist.com/ev-impact-on-oil-consumption/

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Top Ten Leasing News Read by Readers
May 8 - May 12

(1) Disclosures Laws Updated
as Georgia Governor Signs Law into Effect
https://leasingnews.org/archives/May2023/05_10.htm#dis

(2) U.S. Banking System: The Great Consolidation
Number of FDIC-Insured Commercial Banks/Branch
https://leasingnews.org/archives/May2023/05_08.htm#us

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/May2023/05_12.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries-May 8
https://leasingnews.org/archives/May2023/05_08.htm#hires

(5) AACFB Annual Conference
Draws Hundreds to Sunny California
By Don Cosenza, CLFP
Chief Marketing Officer North Mill Equipment Finance
https://leasingnews.org/archives/May2023/05_10.htm#aacfb

(6) Ladder of Achievement
Placard
https://leasingnews.org/archives/May2023/05_12.htm#ladder

(7) Fleets Face Lending Limitations from Banks
Fewer Lenders, Less Money
https://www.automotive-fleet.com/10198265/fleets-face-lending-limitations-from-banks

(8) Rate Your Email
Subject Lines
https://leasingnews.org/archives/May2023/05_08.htm#subject

(9) Kevan Wilkinson Reports on Subject Line
While Useful for Word Emphasis the Main Purpose
https://leasingnews.org/archives/May2023/05_12.htm#subject

(10) Exceeding 2023 Expectations
Sales Makes it Happen by Scott Wheeler, CLFP
https://leasingnews.org/archives/May2023/05_10.htm#exceeding

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

Enhanced and Streamlined Commercial Finance Capabilities
at Mitsubishi HC Capital America
Provide Solutions Across the Value Chain

Experienced, stable lender provides liquidity, flexibility for North American companies

NORWALK, CT, May 16, 2023 – Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is expanding the depth and scope of its commercial finance solutions to fully encompass both the front and back end of the enterprise value chain.

With the recent integration of Mitsubishi HC Capital America, ENGS Commercial Finance and Mitsubishi HC Capital (U.S.A.) now complete, the Commercial Finance group can more efficiently meet the wide array of diverse needs for its customers with services aimed at suppliers, manufacturers, distributors, dealers/resellers, and end-users.

Craig Weinewuth, President & CEO, is confident the expansion in available solutions is advantageous to the market. “With more than $7.5 billion in owned and managed assets, Mitsubishi HC Capital America is well-positioned to increase its market share in corporate finance,” he says. “Our expanded resources come at a critical time for our customers considering current economic conditions. The experience and expertise of our team married with our stable and flexible capital platform makes our organization an attractive funding partner for companies throughout North America.”

The Commercial Finance division is being led by Brian Rosa, previously managing director at Mitsubishi HC Capital (U.S.A.). He’s working with a team of industry leaders with decades of experience in structuring and executing both mainstream and complex transactions. More specifically, the team includes:

Business Finance, which is led by Mike Semanco. He and his team provide asset-based lines of credit and syndicated loans
Working Capital, which is run by Tania Daniel and offers factoring facilities and ledgered lines of credit
Structured Finance & Leasing, led by Chris Pagano. This team offers a wide variety of solutions from project financing to FMV/operating leases and pay-per-use contracts
Trade Finance, which offers large enterprise payables and receivables financing. Richard Coasby is spearheading this group
Technology Finance, which includes vendor neutral financing designed specifically for solution providers. Chris Pagano also oversees this team
Capital Markets, which is primarily engaged in buy side activities, is led by Corinne Seton

As one, the group has access to capabilities outside their own specialties. A customer with complex financing needs beyond the scope of a single solution can now work with one team to accomplish their needs in a more streamlined manner. For example, a manufacturer looking to retrofit their old fluorescent lighting to LED can finance the project using their projected energy savings while receiving an asset-based line of credit to purchase new equipment. This enables the business owner to save time and resources by working with a single team and financing source.

Rosa explains that the Commercial Finance division has a long history of providing strong corporate financing capabilities in various markets cross the United States, as well as the ability to work cross-border with colleagues in Canada. “With our lending capabilities through Mitsubishi HC Capital Canada, we can offer inclusive, comprehensive financing for customers operating in either or both countries and grow their organizations faster and more effectively,” he says.

“We are uniquely situated to grow our relationships with U.S. and Canadian borrowers and lessees as well as with our technology and financial institution partners,” adds Weinewuth. As a non-bank lender with a strong and diverse capital base, Mitsubishi HC Capital America has increased flexibility with its transactions and is known for offering customized, creative solutions. “Our clients understand that we will be there as a long-term, trusted partner.”

About Mitsubishi HC Capital America
Mitsubishi HC Capital America is a specialty finance company that has extensive capabilities throughout North America with its affiliate, Mitsubishi HC Capital Canada, combining a consultative approach and expansive digital platform to help organizations of all sizes accelerate growth. With $7.5 billion in assets and more than 800 employees, the company is the largest non-captive, non-bank commercial finance company in North America. Mitsubishi HC Capital America partners with equipment manufacturers, dealers and distributors, as well as end-customers directly, in providing customized financial solutions, including transportation and commercial finance. Dedicated to improving the communities where it operates, the company is committed to the United Nations Sustainable Development Goals. Visit https://www.mhccna.com/en-us

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This Day in American History

     1792 - Twenty-four brokers signed an agreement to fix the rates of commission on stocks and bonds, forming the New York Stock Exchange, with the first meeting at the Merchants Coffee House, Second and Gold Streets, New York City. The first president was Matthew McConnell.
    1804 - Lewis and Clark began their exploration of the Louisiana Purchase.
    1853 - Earning a place on the game of monopoly, the first major railroad merger took place as ten companies consolidated into the Central Railroad Company, consisting of 187 first-class passenger coaches, 55 second class coaches, 65 baggage, mail and express cards, and 1,702 freight cars. There were 298 miles of main line, 236 miles of branch line, and 29 miles of leased road.
http://www.cprr.org/Museum/index.html
    1868 - Japan: The Scioto sets sail out of Yokohama for Hawaii, carrying 153 Japanese migrants bound for employment on the sugar plantations. These adventurers constitute the first mass emigration of Japanese overseas. They became known as the Gannenmono.
    1872 - Bohemian Club incorporated.
    1875 - The first running of the Kentucky Derby took place at Churchill Downs, Louisville, KY. African-American Jockey Oliver Lewis rode the horse Aristides to a winning time of 2:37:25.
http://horseracing.about.com/library/weekly/aa012499.htm
http://memory.loc.gov/ammem/today/may17.html
    1877 - First interstate telephone call took place when a call was made from New Brunswick, NJ, to Dr. Alexander Graham Bell at Chickering Hall, New York City. In 1915, he made the first East Coast to West Coast call. Bell's first telephone call was so famous, he repeated the phrase from the first call and first interstate call in 1915 in the formal opening of the completed transcontinental telephone lines connecting America's East and West coasts. Picking up the phone in New York, Mr. Bell said, "Mr. Watson, come here, I want you." But this time Watson replied that it would take him a week; he was on the other end of the line in San Francisco.
http://www.fitzgeraldstudio.com/html/bell/theman.html
http://www.historybuff.com/library/refgarfield.html
http://parkscanada.pch.gc.ca/parks/nova_scotia/alex_g_bell/Alex_g_bell_e.htm
    1877 - Edwin Thomas Holmes operating an electrical burglar alarm business at 342 Washington Street, Boston, MA, converted it into the first telephone exchange or switchboard. Holmes' office was connected by wire to a number of banks and similar institutions, and the telephone were placed in the offices of six of his subscribers and connected to these wires. The system served as a telephone system by day and as a burglar alarm system at night. The telephones were connected only in the daytime.
    1878 - Canada's governor general and his wife, Lord and Lady Dufferin, were treated to a demonstration of Thomas Edison's recent invention, the phonograph, at Rideau Hall in Ottawa. The early phonograph both recorded and played back crude reproductions of the human voice on a tin-foil covered cylinder, and was not yet used for recording music. Lady Dufferin wrote in her diary that "we were so amazed when we heard this bit of iron speak."
    1883 - Buffalo Bill Cody's Wild West show premiered in Omaha, NE.
    1896 - An F5 tornado tracked 100 miles through Northeastern Kansas and extreme Southeastern Nebraska. Seneca, Oneida, Sabetha, and Reserve, Kansas sustained severe damage. While passing through Reserve the tornado was 2 miles wide. 25 were killed and 200 were injured.
    1898 – In the Presidio, Camp Merritt formed, a U.S. military camp in San Francisco for American troops destined for the Philippines during the Spanish-American War. Formerly a racetrack, the camp was named for General Wesley Merritt commanding officer of the Philippine expeditionary forces and the Eighth Corps at the time.
    1903 - Birthday of James “Cool Papa” Bell (d. 1991), Starkville, MS. This famous Negro League baseball player was active for 25 seasons (from 1922 to 1946---one year before Jackie Robinson broke the “color barrier” in Major League Baseball) with a career average of .338. Regarded as the fastest man ever to play the game—he could round the bases in 13 seconds. Cool Papa often stole two bases on one pitch or scored from second on a sacrifice fly. Satchel Paige said Bell could turn off the light and “be in bed before the room was dark.” He batted .400 several times and stole 175 bases in one year. He was inducted into the Baseball Hall of Fame in 1974.
http://www.negroleaguebaseball.com/1999/October/cool_pap_bell.html
    1910 - Halley's Comet terrifies millions on earth.
    1912 – Boston’s Fenway Park was officially dedicated, one month after hosting its first game.
    1916 - Birthday of tenor sax player Paul “Vice-President” Quinichette (d. 1983), Denver, CO.
http://www.vh1.com/artists/az/quinichette_paul/bio.jhtml
    1924 - The Giant Dipper roller coaster opened at Santa Cruz Beach Boardwalk at Santa Cruz, CA, a half hour from my office. It quickly became the park's most popular ride. The Dipper was built by Arthur Looff, the son of master carousel-horse carver Charles I.D. Looff. In June of 1987, the Giant Dipper and the Looff carousel were designated National Historic Landmarks by the US National Park Service. The Boardwalk is still a popular place, day and night.
http://www.beachboardwalk.com/
http://www.cinternet.net/~bowersda/artgall.htm
    1924 - The Marx Brothers take New York by storm. In one of show business's great strokes of luck, the opening night of a major dramatic play is cancelled, leading all the top New York critics instead to the premiere of a vaudeville revue called “I'll Say She Is,” starring the unknown Marx Brothers comedy team. The brothers' incredible banter and slapstick astounds the critics, ensuring the Marx's' fame.
    1925 - Cleveland Indians centerfielder Tris Speaker collected the 3,000th hit of his Major League career off Tom Zachary of the Washington Senators, off whom Babe Ruth hit home run #60 in 1927. Speaker played from 1907 through 1928, got 3,515 hits and batted .344. He was inducted into the Baseball Hall of Fame in 1937, was named 27th in The Sporting News’ 100 Greatest Baseball Players (1999) and was included in the MLB All-Century Team.
    1932 - Alto sax player Jackie McLean (d. 2006) birthday, NYC.
http://www.pbs.org/jazz/biography/artist_id_mclean_jackie.htm
    1933 - Country singer Jimmie Rodgers began to record a series of 24 songs for RCA Victor Records. Rodgers was in failing health at the beginning of the session but persevered to complete the job at hand. The singing star died nine days later (he was 35). Jimmie Rodgers was born in 1897 and was known as the Blue Yodeler and the Singing Brakeman. Rodgers was the first member of the Country Music Hall of Fame, elected in 1961 (along with Fred Rose and Hank Williams). His recording career began in 1927. His yodel became a trademark of his music. Jimmie Rodgers recorded over 100 songs and sold millions of 78 RPM records. His songs were about the Depression and many were about trains. "Brakeman's Blues," "Blue Yodel," "Tuck Away My Lonesome Blues" and his famous "‘T' for Texas" are all classics. He died of tuberculosis.
http://www.jimmierodgers.com/
http://www.ping.be/ml-cmb/jrindex.htm
http://www.eyeneer.com/America/Genre/Folk.bluegrass/Profiles/Rodgers/
http://sonymusic.com/artists/JimmieRodgers/TheSongsOfJimmieRodgers/biography.html
http://www.studioclub.com/JRSaga2.htm
    1939 - Glenn Miller opens a three-month stand at Glen Island Casino, New Rochelle, NY. Both NBC and Mutual carried the event, which was attended by 1,800 people in the casino ballroom.
    1939 - The first baseball game ever televised – Princeton vs. Columbia at the Baker Bowl - was watched by a handful of viewers via W2XBS in NYC. Bill Stern announces the ten-inning victory of visiting Princeton, 2 - 1. Reviewing the game the next day, the New York Times reported: "it is difficult to see how this sort of thing can catch the public fancy."
    1944 - General Eisenhower sets D-Day for June 5th. As the Allies required a full moon and a spring tide, possible dates for the invasion were limited. This was Eisenhower’s first choice but was forced to delay due to poor weather and high seas. Faced with the possibility of recalling the invasion force to port, he received a favorable weather report for June 6 from Group Captain James M. Stagg. After some debate, orders were issued to launch the invasion on June 6. Due to the poor conditions, the Germans believed that no invasion would occur in early June. As a result, Rommel returned to Germany and many officers left their units to attend war games.
    1944 - Birthday of guitarist/songwriter Jesse Winchester (d. 2014), Bossier City, LA
http://www.jessewinchester.com/
    1946 – President Harry Truman seized control of the nation’s railroads. Unions that continued to press beyond the general labor settlements established in the auto and steel industries after World War II found themselves facing an additional and powerful adversary—the federal government. In the spring of 1946, both coal miners and railroad workers staged nationwide strikes. President Harry Truman decided that the unions had gone too far and, after the railroad workers rejected a settlement, he seized control of the railroads. Despite the government takeover, the workers continued with their strike plans. As a result, Truman issued an ultimatum declaring that the government would operate the railroads and use the army as strikebreakers. When the deadline passed, Truman went before Congress to seek the power to deny seniority rights to strikers and to draft strikers into the armed forces. Just as Truman reached the climax of his speech, he received a note saying that the strike was “settled on the terms proposed by the President.”
    1948 - No. 1 Billboard Pop Hit: "Nature Boy," Nat King Cole.
    1953 - Top Hits
“I Believe” - Frankie Laine
“April in Portugal” - The Les Baxter Orchestra
“Song from Moulin Rouge” - The Percy Faith Orchestra
“Mexican Joe
- Jim Reeves
    1954 - The US ruled on Brown vs. Board of Education. This was a major event because the US Supreme Court ruled unanimously that segregation of public schools “solely on the basis of race" denied black children “equal education opportunity" even though "physical facilities and other 'tangible' factors may have been equal. It reversed the 1896 "separate but equal" Plessy vs Ferguson decision. The Supreme Court previously approved racial segregation May 18, 1896. The case was argued before the Court by Thurgood Marshall, who would go on to become the first black appointed to the Supreme Court.
    1956 - Birthday of former boxer Ray Charles “Sugar Ray” Leonard, born Washington, DC.
http://www.ipcress.com/box/leonard.html
http://www.times-olympics.co.uk/historyheroes/srleon.html
    1956 - The first synthetic mica was produced commercially by the Synthetic Mica Corporation, Caldwell Township, NY, and offered for sale this day under the trade name of Synthamica. It was chemically pure and sustained temperatures as high as 20000 degrees without physical or electrical failure. The birth of new technology was now able to be born, replacing tubes and bringing a new dawn to both business and recreational products.
    1958 - "South Pacific" soundtrack album goes to #1 and stays #1 for 31 weeks
    1961 - Top Hits
“Runaway” - Del Shannon
“Mother-In-Law” - Ernie K-Doe
“A Hundred Pounds of Clay” - Gene McDaniels
“Hello Walls” - Faron Young
    1963 - The first Monterey Folk Festival in California featured performances by Bob Dylan, Pete Seeger, Joan Baez and Peter, Paul and Mary. I was there and it was mellow (we brought wine, others brought other things).
    1969 - Top Hits
“Aquarius/Let the Sun Shine In” - The 5th Dimension
“Hair” - The Cowsills
“Get Back” - The Beatles
“My Life (Throw It Away if I Want To)” - Bill Anderson
    1970 - Henry Aaron of the Atlanta Braves, on his way to becoming baseball's all-time home run king, got the 3,000th hit of his career, a scratch single off Wayne Simpson of the Cincinnati Reds. Aaron finished his career in 1976 with a .305 batting average, 3,771 hits and 755 home runs and was the first to hit 500 HRs and 3000 hits.
http://www.baseballhalloffame.org/hofers_and_honorees/hofer_bios/aaron_hank.htm
http://sportsillustrated.cnn.com/baseball/mlb/all_time_stats/players/a/42389/index.html
    1970 - Jordan Knight of New Kids on the Block is born in Worcester, MA. His older brother Jon is also a member of the pop group from Boston.
    1971 - The musical, "Godspell," opened this night at the Cherry Lane Theatre in New York City. "Godspell" featured the song "Day by Day" (a top-15 hit in 1972). The rock musical that featured Robin Lamont played for 2,124 performances and was the third longest-running off-Broadway production at the time.
    1972 – Hall of Fame US soccer player, Mia Hamm, was born in Selma, AL.
    1973 – Congressional hearings on the Watergate scandal were begun. Several major revelations and egregious presidential action against the investigation later in 1973 prompted the House to commence an impeachment process against President Nixon. The Supreme Court ruled that Nixon had to release the Oval Office tapes to government investigators. The tapes revealed that Nixon had conspired to cover up activities that took place after the break-in and had attempted to use federal officials to deflect the investigation. The House Judiciary Committee then approved articles of impeachment against Nixon for obstruction of justice, abuse of power, and contempt of Congress. With his complicity in the cover-up made public and his political support completely eroded, Nixon resigned from office on August 9, 1974. It is believed that, if he had not done so, he would have been impeached by the House and removed from office by a trial in the Senate. He is the only U.S. president to have resigned from office. On September 8, 1974, Nixon's successor, Gerald Ford, pardoned him. There were 69 people indicted and 48 people—many of them top Nixon administration officials—who were convicted.
    1973 - Captain Robin Lindsay Quigley became the first female Navy Officer to hold a major command: Navy Service School, San Diego, CA, supervising 30,000 students.
    1973 - Yes receive gold records for both "Yessongs" their triple-record live set and "The Yes Album."
    1974 - No. 1 Billboard Pop Hit: "The Streak," Ray Stevens.
    1975 - NBC-TV paid a whopping $5,000,000 for the rights to show "Gone with the Wind" just one time. It was the top price paid for a single opportunity to show a film on television. It became, at that time, the highest-rated television program ever presented on a single network, watched by 47.5 percent of the households sampled in America, and 65 percent of television viewers, still the record for the highest rated film to ever air on television.
    1975 - Elton John's "Captain Fantastic and the Brown Dirt Cowboy" album was released and certified a platinum record on the very same day. It was the first album to be certified a million seller (in this case, a two-million seller) on the first day of release.
    1976 - Race jockey Steve Cauthen began an enviable win streak. Cauthen, age 16, rode his first winner at River Downs, KY. He went on to win 94 races, becoming horse racing's most-watched jockey.
    1977 - Top Hits
“When I Need You” - Leo Sayer
“Sir Duke” - Stevie Wonder
“Couldn't Get It Right” - Climax Blues Band
“Some Broken Hearts Never Mend” - Don Williams
    1977 - The movie "Smokey & the Bandit" premieres.
    1978 – “Thank God It's Friday,” a movie celebration of disco which is Casablanca Records chief Neil Bogart's response to Saturday Night Fever, premieres in Los Angeles. It stars Donna Summer as a singer looking for her big break in a "typical" Hollywood disco on a "typical" Friday night. Summer's song "The Last Dance" is introduced and it goes on to top the pop charts and wins the 1978 Academy Award for Best Song. The film, meantime, is a flop.
    1979 - "In The Navy" by Village People hits #3
    1979 - -12ºF (-11ºC), on top of Mauna Kea HI (state record)
    1979 - With the wind really blowing out at Wrigley Field, the Cubs and Phillies combined for a wild ten-inning slugfest won by the Phillies, 23-22. Dave Kingman hit three home runs and collected six RBI for the Cubs while teammate Bill Buckner had a grand slam and seven RBI. Mike Schmidt belted two home runs, including the game-winner in the 10th inning. Bob Boone, pitcher Randy Lerch, and Garry Maddox also homered for the Phillies and Steve Ontiveros and Jerry Martin do it for the Cubs. The eleven home runs between the two teams tied a MLB game record. The contest included 50 hits. In 2010, the MLB Network named it the 20th greatest game of the previous 50 years.
    1983 - A golfer playing the Fox Meadows course in Memphis, Tennessee was struck by a bolt of lightning that went through his neck, down his spine, came out a pocket containing his keys, and went into a nearby tree. Miraculously, he survived!
    1983 - No. 1 Billboard Pop Hit: "Let's Dance," David Bowie.
    1984 - Baseball's Mario Soto threw four strikeouts in one inning — only 15th pitcher since 1900 to do so. The catcher dropped the ball on the third strike. The runner ran to first and was safe. The catcher must hold on to the ball for a third strike call to take effect (or tag the runner or make the throw out to first).
    1985 - Bobby Ewing died on the season finale of "Dallas" on CBS-TV. It was the “talk of the town.” Young Bobby Ewing, played by actor Patrick Duffy, died in a violent car explosion, but came back to life the following season (he was seen taking a shower, just as Victoria Principal, his TV wife, was about to step into the shower stall).
    1985 - Top Hits
“Don't You Forget About Me” - Simple Minds
“One Night in Bangkok” - Murray Head
“Everything She Wants” - Wham!
“Somebody Should Leave” - Reba McEntire
    1987 - The US Navy's guided missile frigate, Stark, sailing off the Iranian coast in the Persian Gulf, was struck and set afire by two Exocet sea-skimming missiles fired from an Iraqi warplane at 2:10pm, EDT. Also struck was a Cypriot flag tanker. At least 28 American naval personnel were killed. Only hours earlier a Soviet oil tanker in the Gulf had struck a mine.
    1987 - Eric ‘Sleepy' Floyd of the Golden State Warriors set a playoff record for points in a single quarter. He poured in 29 points in the fourth period in a game against Pat Riley's Los Angeles Lakers.
    1988 - Thunderstorms produced large hail and damaging winds across the Mid-Atlantic region during the afternoon and evening hours. A "thunderstorm of a lifetime" in Northern Spartanburg County, South Carolina produced hail for 45 minutes. Hail accumulated to knee-deep in some places.
    1992 - Betsy King shot 267 to win the LPGA Championship by 11 strokes over Karen Noble. King recorded rounds of 68, 66, 67 and 66, the first time that any LPGA player finished four rounds under 70 in that any LPGA player finished four rounds under 70 in a major championship. Her 267 was the lowest score ever recorded by any golfer, man or woman, in a major championship.
    1992 - The Toronto Blue Jays reached the one million mark in home attendance faster than any other team in baseball history. The Blue Jays drew 1,006,294 fans in just 21 days, surpassing the record held jointly by the 1981 Los Angeles Dodgers and the 1991 Blue Jays.
    1998 - ESPN's “Sportscenter,” the cable network's signature program, broadcast its 20,000th edition with a special 90-minute show hosted by longtime anchors Chris Berman, Dan Patrick, and Bob Ley. “Sportscenter” made its debut on September 7, 1979, ESPN's launch day, and is broadcast live three times each weekday and four times on Saturday and Sunday.
    1998 - Lefthander David Wells of the New York Yankees pitched a perfect game (allowing no hits and no base runners of any kind) against the Minnesota Twins, winning 4-0. This was the first perfect game pitched in Yankee Stadium since Don Larsen's in Game 5 of the 1956 World Series. Oddly enough, Wells and Larsen attended the same high school, Point Loma in San Diego, CA.
    2004 – Massachusetts became the first state to sanction gay marriage.
    2011 - The final episode of “The Oprah Winfrey Show” was recorded in Chicago, Illinois with many celebrities attending the star-studded event.
    2012 - U.S. Ambassador to Israel, Daniel B. Shapiro, says America 'is ready' to attack Iran to prevent them from developing nuclear weapons.
    2014 - Google, Inc. and Apple, Inc. have agreed to drop certain patent lawsuits against each other; the lawsuits revolve around Google's Motorola Mobility technology.
    2018 - Michigan State University will pay $500 million in claims to 300 survivors of sexual abuse involving Larry Nassar. Largest sexual abuse case in sports history. Nassar's cumulative sexual assault crimes were the basis of the USA Gymnastics sex abuse scandal that began in 2015, in which he sexually assaulted at least 265 young women and girls dating back to 1992. His victims included numerous Olympic and US women’s national gymnastics team gymnasts. Nassar has admitted to 10 of those accusations. Nassar was sentenced to 60 years in federal prison in July 2017 after pleading guilty to child pornography charges. On January 24, 2018, Nassar was sentenced to 175 years in a Michigan state prison after pleading guilty to seven counts of sexual assault of minors. On February 5, 2018, he was sentenced to an additional 40 to 125 years in prison after pleading guilty to an additional three counts of sexual assault. His state prison sentences are to run consecutively with his federal sentence, amounting to a practical life sentence.

Stanley Cup Champions:
1983 - New York Islanders

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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