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Wednesday, November 22, 2023

Today's Leasing News Headlines

Assessing the Ripple Effects of Commercial
  Disclosure Laws in Finance
    By Kenneth C. Greene, Leasing News Advisor Emeritus
Update License and Registration: A State-by-State Analysis
    of License Requirements for Lenders and Brokers
Talent Crisis is Here
    By Steve Chriest and Kit Menkin
Help Wanted in the Finance and Leasing Business
    Balboa and TopMark Careers Open/Sales
Mastering the Endurance Game: Thriving in Sports
  and Business Through Patience and Perseverance
    By Ken Lubin, ZRG Partners, Managing Director
ELFA Reports October Business Volume $10.4 Billion
    Up from September $9.7 Billion - 7% Increase
Sam Walton, Founder of $418,000,000,000  
    Mega Business Walmart said to a group of trainees
Thanksgiving: A Child is Waiting, Grumpy Old Men,
  Brokeback Mountain, Boyhood, Mistress America,
    Reviews by Leasing News' Fernando Croce
Labrador Retriever
    Salt Lake City, Utah Adopt-a-Dog
Happy Thanksgiving Message from
    Scott Wheeler, CLFP, Wheeler Business Consulting

News Briefs ---
The Long Shadow of Steve Jobs Looms
    Over the Turmoil at OpenAI
How mass resignation of OpenAI workers could impact
    the San Francisco real estate market
Binance Crypto Chief Changpeng Zhao Pleads
    Guilty to Federal Charges-to Pay $4.3 Billion fine
Why Americans feel gloomy about the economy
    despite falling inflation and low unemployment
Stop Worrying So Much About Getting Eight Hours of Sleep a Night
    Stressing about your lack of sleep will only make it worse

You May Have Missed ---
Welcome to Chaos
  For Those Running Finance Companies
    By Christopher A. Enborn

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
   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, 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.


Assessing the Ripple Effects of
Disclosure Laws in Finance
By Kenneth C. Greene, Leasing News Advisor Emeritus

As the commercial finance sector navigates through evolving regulatory landscapes, pivotal anniversaries of Commercial Financing Disclosure (CFD) laws in New York, California, and Florida offer a moment for reflection and analysis. These milestones - the first anniversary of New York's law in August 2023, the upcoming anniversary of California's regulations in December 2023, and the six-month mark of Florida's law in early 2024 - present an opportunity to evaluate their broader financial implications.

In this coming year, California and Utah licensed originators will be required to report their 2023 disclosure information in their report. As context, it's important to note the timeline to date of commercial financing disclosure laws in other states:

  • Virginia: Effective from July 1, 2022
  • California: Effective from December 9, 2022
  • Utah: Effective from January 1, 2023
  • Florida: Effective from July 1, 2023
  • New York: Effective from August 1, 2023
  • Connecticut: Effective from January 1, 2024
  • Georgia: Effective from January 1, 2024
  • Potential developments in Pennsylvania

Central to the U.S. commercial financing scene, these states have undoubtedly witnessed dynamic changes in loan and lease activities, including shifts in revenues and transaction volumes. California's insights will be critical, shedding light on the number of new applications and active and abandoned licenses. This data is invaluable in gauging the direct effects of disclosure obligations on financial operations within any jurisdiction.

The impact of these laws extends beyond the borders of the seven or eight states that have adopted similar licensing and disclosure frameworks. The emerging trends from these data points will be crucial in shaping future legislative decisions, potentially influencing amendments to current laws or inspiring other states to consider or avoid similar regulatory paths.

Next week, we will share a more in-depth analysis of the nuances and subtleties of these trends and offer a more comprehensive view of how commercial disclosure laws are reshaping the financial landscape. This ongoing narrative not only highlights the immediate effects of these regulations but also underscores their long-term implications in the broader context of commercial finance. Until then, Happy Thanksgiving, all.

Ken Greene
Law Office of Kenneth Charles Greene
Tel: 818.575.9095


Update License and Registration
A State-by-State Analysis of License Requirements for
Lenders and Brokers



New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Rhode Island
South Carolina
South Dakota
West Virginia
Washington, D.C.
Puerto Rico
  • Virginia’s sales-based financing disclosure law – Went into effect July 1, 2022

  • California’s commercial financing disclosures – Went into effect December 9, 2022.

  • Utah’s commercial financing disclosures – Went into effect January 1, 2023.

  • Florida Disclosure Law and Broker Law  -  Went into effect July 1, 2023

  • New York’s commercial financing disclosure law – Went into effect August 1, 2023

  • Connecticut commercial financing disclosure laws – Goes into effect January 1, 2024

  • Georgia’s commercial financing disclosure laws – Goes into Effect January 1, 2024

Wisconsin’s Stance on Commercial Loan Disclosures: A Trend in the Making?
    By Kenneth C. Greene, Esq., Leasing News Emeritus

A State-by-State Analysis


Talent Crisis is Here
By Steve Chriest & Kit Menkin

Right now, we are seeing many corporate and government key management retire, but then go back to work for the same company or competitor as an "independent contractor." Leasing News is also
experiencing many retirements when they request to remove their Email from receiving the news editions.

As leasing companies see the average age of their sales teams rising, the time is quickly approaching when they must step up efforts to recruit, train and retain sales professionals to replace not only retiring Baby Boomers, but younger team members who opt to ply their sales talents in other industries.

Working remotely has also made changes due to FinTech and the internet. For many companies, both large and small, mistakes in recruiting talent and failure to retain talent, may impact their survival as competition for sales professionals heats up. Many are hoping that Millennials are the answer. According to Wikipedia, “Demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years.”

The dwindling supply of talent appears to be focusing on this group, which results in increased costs of recruiting and retaining salespeople. The impact of these increased costs will be exacerbated by the consequences of bad hires. Smart management teams are already making plans to stop hiring and investing in poor performers. Identifying, hiring and retaining productive salespeople are fast becoming a top priorities for leading edge companies in all industries.

Too many companies make the mistake of chasing superstars when they recruit sales talent. The problem with this approach, frankly, is that there aren't enough superstars to go around and there will be fewer to choose from in the future. One of the keys to success is to concentrate on not hiring, promoting or training sub-par performers who don't have real potential for growth and improvement. It is common to see sales people not last more than two years at one company and then move on, and on, and on. New Hires biographies
indicate this is quite normal.

Sales team turnover, for many reasons, is unavoidable. Some turnover, at least in small amounts, is healthy for most companies. Fresh talent keeps the organization vital as newcomers often bring new ideas and experiences that can benefit the business. But too much turnover is costly. For example, the turnover costs for telesales positions ranges from $75,000 to $90,000, while the total turnover costs for top sales producers can easily exceed $300,000!

As more and more retire and those industry “lifers” are not “with it” using financial technology, a new approach is needed. Perhaps the best example comes from First American Equipment Finance, a City National Bank Company, located in Fairpoint, New York. They have 143 Certified Financial and Leasing Professionals, much more than any other companies in the industry. Also, they emphasize career growth, knowledge, and what I call the “Google-Facebook” approach to employee attention and retention.

Their website states, “Our employees are engaged, dedicated professionals who take personal pride in building a different and better business. We hire the best and the brightest students from top universities and graduate schools, and offer professional training and responsibility. Twice a year, we measure employee loyalty and are proud to report that First American exceeds benchmarks set by loyalty leaders profiled in the Harvard Business Review, Loyalty Rules, by Frederick Richheld.”


Leasing and Finance Industry Help Wanted


Mastering the Endurance Game: Thriving in Sports
and Business Through Patience and Perseverance
By Ken Lubin, ZRG Partners, Managing Director

In the realms of sports and business, success is not achieved overnight. Both arenas require a forward-thinking mindset that embraces patience and persistence. While each domain may differ in its specifics, the core principles remain the same: setting long-term goals, consistent effort, resilience in the face of setbacks, continuous learning, and building strong teams.

By understanding the parallels between sports and business, individuals can cultivate a mindset that propels them towards success.

The Power of Long-Term Vision Whether you're an athlete or an entrepreneur, having a clear long-term vision is essential. It provides a purposeful direction and a target to strive for. By setting goals that extend beyond immediate results, individuals can maintain focus and drive, even during challenging times. A forward-thinking mindset ensures that short-term setbacks do not derail the overall journey.

The Persistence to Overcome Obstacles In both sports and business, obstacles and setbacks are inevitable. Athletes face injuries, defeats, and plateaus, while business professionals encounter market volatility, financial challenges, and fierce competition. However, those who possess patience and persistence view these obstacles as opportunities for growth and improvement. They adapt, learn from failures, and keep pushing forward, undeterred by temporary setbacks.

Adapting through Continuous Learning In a rapidly changing world, learning is paramount. Athletes study opponents, analyze strategies, and refine their techniques. Similarly, business professionals must stay informed about market trends, customer preferences, and technological advancements. By fostering a mindset of continuous learning, individuals can remain ahead of the curve, adapt to evolving circumstances, and seize new opportunities.

The Strength of Collaborative Teams Success in both sports and business rarely comes from individual efforts alone. Building strong teams is a cornerstone of achievement. Athletes rely on coaches, teammates, and support staff to maximize their potential. Similarly, businesses thrive when they bring together individuals with diverse talents and expertise, fostering collaboration and innovation. Patience and persistence are necessary when forming cohesive teams, as it takes time to establish trust, cohesion, and a shared vision.

Uniting the worlds of sports and business is the shared foundation of patience and persistence. By adopting a forward-thinking mindset, individuals can transcend the short-term challenges and keep their focus on long-term goals.

Embracing obstacles as learning opportunities, continuously expanding knowledge, and building collaborative teams are essential to navigating the journey towards success. So, whether you're an athlete or a business professional, remember that playing the long game is the key to surpassing expectations and achieving greatness.

Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789




ELFA Reports October Business Volume $10.4 Billion
Up from September $9.7 Billion - 7% Increase

(Chart: Leasing News)

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance overall new business volume for October was $10.4 billion, up 7 percent from $9.7 billion in September. Year-to-date, cumulative new business volume was up 0.7 percent compared to 2022.

ELFA President and CEO Ralph Petta
said, “Despite a set of sound metrics in the U.S. economy, MLFI participants report slight increases in both losses and delinquencies. This softness in credit quality is indicative of the challenges experienced by some businesses as they operate in a higher interest rate environment, constrained in some sectors, at least, by reports of a pull-back in bank lending. Origination activity for the year continues to be in acceptable ranges.”

Dennis Bolton, ASA, Senior Managing Director, Head of Equipment Finance North America, Gordon Brothers
, said, “All metrics continue to reflect the equipment finance industry’s stability and resilience. The trends are consistent with the economic environment and market turmoil resulting from quantitative tightening, inflation, employment and supply chain disruption.

“All in all, the industry has performed well and displayed its ability to effectively manage relationship, credit and equipment risk. While challenges remain, the industry is well positioned to manage these challenges and support continued equipment investment.”

(Charts: ELFA)

Full Press Release:


Sam Walton, Founder of $418,000,000,000 Mega Business Walmart
said this to a group of trainees

“Believe me, the customer never comes back!

"I'm the guy who goes to a restaurant, sits at the table and waits patiently, while the waiter does everything but write down my order.

“I'm the guy who goes to a store and waits quietly, while the salesmen finish their personal conversations.

“I’m the guy who walks into a gas station and never uses his horn, but patiently waits for the employee to finish reading his newspaper.

“I'm the man who explains his desperate urgency for one piece, but doesn't complain that he only gets it after three weeks of waiting.

“I'm the guy that, when he enters a commercial establishment, seems to be asking for a favor, begging for a smile or just hoping to be noticed.

“You must be thinking I'm a quiet, patient, never troublesome type... Get fooled.

“Do you know who I am? I am the customer who never returns!

“I love seeing millions spent annually on all sorts of ads to get me back to your company. Because when I first went there, all they should have done was just a little, simple and inexpensive kindness: treat me with a little more courtesy.

“There is only one boss: THE CUSTOMER. And he can fire everyone in the company from the president to the janitor, simply taking their money to spend elsewhere. "

Sam Walton understood that in any successful business, the customer must take first priority.

Source: LinkedIn


Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

Special Thanksgiving Edition:

With Thanksgiving just around the corner, let’s seek some choice cinematic offerings to go with our turkey and gravy and pumpkin pie. So check out these seasonal classics, and have a safe and happy holiday.

A Child Is Waiting (1963): American cinema’s perennial indie maverick, director John Cassavetes briefly flirted with mainstream Hollywood in this affecting drama. Set in a mental institution, it chronicles the contrasting approaches of two instructors, music teacher Jean Hansen (Judy Garland) and domineering director Dr. Matthew Clark (Burt Lancaster). At the center is the case of 12-year-old Reuben (Bruce Ritchey), who was left in the institution after the divorce of his parents (Steven Hill, Gena Rowlands). Jean grows close to the boy and recommends a more emotional treatment, while Matthew prefers a more clinical, impersonal style. When Reuben runs away, they must put aside their differences and act in the best interest of the young outcast. It all builds to a poignant Thanksgiving pageant, where father and son finally make a connection.

Grumpy Old Men (1993): Longtime co-stars Jack Lemmon and Walter Matthau are always a pleasure to watch together, and their teaming in this holiday cheery comedy-drama is no exception. Lemmon and Matthau star as John Gustafson and Max Goldman, two small-town Minnesota neighbors who have cultivated a bittersweet rivalry for decades. As Thanksgiving approaches, they find their competing flames ignited once again by the arrival of Ariel (Ann-Margret), a gorgeous newcomer who captures the hearts of both curmudgeons. Though their characters delight in pestering each other with increasingly elaborate schemes, the affection Lemmon and Matthau display in sharing the screen together is palpable and infectious. With a supporting cast that also includes Ossie Davis, Daryl Hannah and Burgess Meredith, Donald Petrie’s film is sentimental and engaging.

Brokeback Mountain (2005): Ang Lee won his first Best Director Oscar for this sensitive adaptation of Annie Proulx’s short story, which mines Western iconography for an aching view of tragic longing. Heath Ledger and Jake Gyllenhaal give memorable performances as Ennis Del Mar and Jack Twist, cowboys in early 1960s Wyoming who share an impromptu, passionate night on Brokeback Mountain. They go their separate ways afterward and marry their respective sweethearts, though a furtive romance continues between them for the next couple of decades. Accumulating gestures and nuances into an emotional wallop, Lee’s film offers a compassionate portrait of troubled love as well as a couple of notable Thanksgiving scenes—including one in which Jack stands up to the boorish father of his wife Loreen (Anne Hathaway).

Boyhood (2014): Indie veteran Richard Linklater ("Slacker") delivered his most critically acclaimed film yet with this absorbing slice-of-life drama. Filmed over the course of twelve years so that audiences can witness the growth of the main character from ages 5 to 17, the story centers on Mason (Ellar Coltrane), a young Texan drifting through life. As time passes, we see his relationship with his mom (Patricia Arquette, who won a Best Supporting Actress Oscar) and dad (Ethan Hawke), his entering school and dealing with bullies and crushes, his new homes and interests and assorted coming-of-age rituals, including a Thanksgiving dinner that first hints at the protagonist’s artistic side. Filming with patience and tenderness, Linklater evokes the ebb and flow of life in a deceptively modest vision brimming with humanistic moments.

Mistress America (2015): Writer-director Noah Baumbach re-teams with his "Frances Ha" star Greta Gerwig for another fluffy, breezy New York comedy. Gerwig plays Brooke, an outgoing and impulsive young woman who takes Tracy (Lola Kirke), the lonely college freshman who's about to marry her brother, under her wing. Juggling men and jobs while harboring fancy dreams, Brooke glides through Manhattan with a merry nonchalance that dazzles her future sister-in-law, who's trying her best to overcome her own insecurities. With Thanksgiving just around the corner, can the two remain together in the face of some sour revelations? Paced with a brittle energy that has reminded critics of classic screwball comedies from the 1930s, Baumbach's portrait of the ups and downs of friendship benefits once again from Gerwig's winning likability.

Fernando Croce is a nationally recognized film reviewer and has been contributing to Leasing News since 2008. His reviews appear each Friday.


Labrador Retriever
Salt Lake City, Utah – Adopt a Dog


2 years old


*Knows basic commands
*Very smart
*Needs to be treated gently
*Loves Toys
*Loves Treats
*Walks well on a leash
*Needs to build confidence
*Needs time to warm up to new people and situations

Please email with questions

Salt Lake County Animal Services
511 West 3900 South
Salt Lake City, Utah 84123

Adoption Hours
Tuesday through Saturday 10:00 AM to 5:00 PM


Happy Thanksgiving Message
Scott Wheeler, CLFP, Wheeler Business Consulting

Professionals in the finance and leasing industry have many to thank for our success. We stand upon the shoulders of others so that we may see opportunity and capture success. It is those who support us that allow true professionals to shine and prosper.

Exceptional personal performance is a result of leadership, knowledge, perseverance, and humility. We become successful because of our personal efforts, our ability and willingness to learn, and our willingness to serve others.

 This Thanksgiving week let's not forget those that have come before us, who continue to support our efforts, and who make us shine.

  • Parents who encourage us to succeed
  • A college professor who inspired us to learn
  • The first boss who took us under their wing
  • A loving spouse who gives us confidence
  • A mentor who instills integrity and direction
  • A child who teaches us "WHY"
  • A staff member who goes the extra mile
  • A best friend who lends an ear and shoulder
  • A customer who confirms the power of value over price
  • Our professional teams that celebrate success
  • A stranger who asks for our help.

We are truly blessed. Give thanks to those who have supported you by giving to those who need support. Provide your broad shoulders so that others may see the opportunity and capture their success. The greatest gift is the ability and willingness to "GIVE."

Happy Thanksgiving!

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


News Briefs---

The Long Shadow of Steve Jobs Looms
   Over the Turmoil at OpenAI

How mass resignation of OpenAI workers could impact
the San Francisco real estate market

Binance Crypto Chief Changpeng Zhao Pleads
Guilty to Federal Charges-to Pay $4.3 Billion fine

Why Americans feel gloomy about the economy
despite falling inflation and low unemployment

Stop Worrying So Much About Getting Eight Hours of Sleep a Night
    Stressing about your lack of sleep will only make it worse


Welcome to Chaos
  For Those Running Finance Companies
By Christopher A. Enborn


Sports Briefs---

An Interesting Nugget About the Oakland
    Athletics' Relocation to Las Vegas


California News Briefs---

This is the worst week for car break-ins
    in San Francisco. These are the hot spots

Cruise’s CEO resigned. Here’s how it impacts
the company’s robotaxis returning to S.F. streets


Gimme that Wine    

Why do some people get ‘red wine headaches’?
    A new study may have the answer

Wine 101: How grapes get turned into wine
Here are some of the key steps in the process


This Day in History

      1718 - English pirate Edward Teach, known as "Blackbeard", was captured off the Outer Banks of North Carolina near Ocracoke, taken to England and hanged.
    1749 - Birthday of Edward Rutledge (d. 1800) at Charleston, SC.  He was the youngest signer of the Declaration of Independence, governor of South Carolina. Ironically he was against independence, but was a recognized leader at the first Continental Congress and was the deciding vote approving South Carolina’s entry to the Union.
    1765 – The people of Frederick County, MD refused to pay England's Stamp tax.
    1783 – Annapolis became the capital of the US and would remain so until June, 1784.
    1785 - John Hancock was elected President of the Continental Congress for the second time.
    1804 - Birthday of Franklin Pierce (d. 1869) at Hillsboro, NH.  Fourteenth President of the US whose term of office was Mar 4, 1853 - Mar 3, 1857. He was not nominated until the 49th ballot at the Democratic Party convention in 1852, and he was refused his party's nomination for a second term in 1856. (Lower half of:
    1835 - Henry Burdon of Troy, NY, received a patent for a horseshoe manufacturing machine. His machine produced a completed horseshoe from a rod of iron that was fed into it. It produced shoes more rapidly and uniformly than the rational method of hand production on a forge.
    1848 – The Female Medical Education Society formed in Boston.
    1852 - Just past midnight, a sharp jolt causes Lake Merced in San Francisco to drop 30' (9m)
    1857 - Birthday of Katharine Coman (d. 1915) in Newark, OH.  U.S. economic historian whose “Industrial History of the United States” (1905) was widely used as a textbook and her “Economic Beginnings of the Far West” (1912) was a major historical work. She researched her books by going into the field and interviewing personally while observing things for herself. She was professor of political economy and history at Wellesley College where she lived with Katharine Lee Bates for many years.
    1859 - Birthday of legendary outlaw Henry McCarty (d. 1881) in New York City.  He was better known as William H. Bonney a.k.a. “Billy the Kid.” He was a ruthless killer, a failure at everything legal, escaping from jail at age 21 while under sentenceto be hanged. Recaptured at Stinking Springs, NM, and returned to jail, he again escaped, only to be shot through the heart by pursuing Lincoln County Sheriff Pat Garrett at Fort Sumner, NM, during the night of July 14, 1881. His last words, answered by two shots, reportedly were “Who is there?”
    1860 - Abraham Lincoln had inherited not only a country divided, but one in great financial difficulty. On this day, the Clearing House handed out its first loan, issuing $7.375 million worth of certificates to the nation's ailing banks. Abraham Lincoln was elected President on February 27.  The US population was 31,443,321; 448,070 free blacks and 3,953,760 slaves. The Union was 33 states, 18 of them free and 15 slave. At the time, the economy was not in very good shape. One of Lincoln’s moves to get the economy going was helping the ailing banks.
    1863 - The historic Battle of Chattanooga began.  Following the defeat of the Union Army at the Battle of Chickamauga in September, the Confederate Army of Tennessee under Gen. Bragg besieged Union Gen. Rosecrans and his men by occupying key high terrain around Chattanooga. Maj. Gen. Grant was given command of Union forces in the West and significant reinforcements began to arrive with him in Chattanooga from Mississippi and the East.  After opening a supply line (the "Cracker Line") to feed his starving men and animals, Grant's army fought off a Confederate counterattack at Wauhatchie on October 28–29, 1863. On November 23, the Army of the Cumberland under Maj. Gen. Thomas advanced from the fortifications around Chattanooga to seize the minor high ground at Orchard Knob while elements of the Union Army of Tennessee under Gen. Sherman maneuvered to launch a surprise attack against Bragg's right flank on Missionary Ridge. On November 24, Eastern Theater troops under Maj. Gen. Hooker defeated the Confederates at Lookout Mountain and began a movement toward Bragg's left flank at Rossville.  On November 25, Sherman's attack on Bragg's right flank made little progress. Hoping to distract Bragg's attention, Grant authorized Thomas's army to advance in the center of his line to the base of Missionary Ridge. A combination of misunderstood orders and the pressure of the tactical situation caused Thomas's men to surge to the top of Missionary Ridge, routing the Army of Tennessee, which retreated to Dalton, GA, fighting off the Union pursuit successfully at Ringgold Gap. Bragg's defeat eliminated the last significant Confederate control of Tennessee and opened the door to an invasion of the Deep South, leading to Sherman's Atlanta Campaign and March to the Sea of 1864.
    1876 - William Magear Tweed, known as Boss, was delivered to authorities in New York City after being captured in Spain. Tammany Hall was the Democratic Party political machine that played a major role in the politics of 19th century New York City and State. At the height of his influence, Tweed was the third-largest landowner in NYC, a director of the Erie Railroad, the Tenth National Bank, and the New-York Printing Company, as well as proprietor of the Metropolitan Hotel.  His control over political patronage in New York City was through Tammany, as was his ability to ensure the loyalty of voters through jobs he could create and dispense on city-related projects.  According to Tweed biographer Kenneth D. Ackerman:  “It's hard not to admire the skill behind Tweed's system ... The Tweed ring at its height was an engineering marvel, strong and solid, strategically deployed to control key power points: the courts, the legislature, the treasury and the ballot box. Its frauds had grandeur of scale and an elegance of structure: money-laundering, profit sharing and organization.” Tweed was convicted for stealing an amount estimated by an aldermen's committee in 1877 at between $25 million and $45 million from NYC taxpayers through corruption, although later estimates ranged as high as $200 million.  Unable to make bail, he escaped from jail once, but was returned to custody. He died in the Ludlow Street Jail.
    1876 – Those three college football powers, Columbia, Princeton, and Harvard, formed the Intercollegiate Football Association.
    1878 – Fleet Admiral Ernest King (d. 1956) was born in Lorain, OH.  He was Commander-in-Chief of the U.S. fleet who reportedly designed the United States' winning strategy in World War II. Promoted to Vice Admiral, he insisted that his pilots be trained for night operations. In January 1941, King was made commander of the Atlantic Fleet and, after Pearl Harbor, he was given the post of Commander in Chief of the US Fleet. King developed a reputation for being abrasive and argumentative. As a member of the Joint Chief of Staffs, he often clashed with General George Marshall. King opposed plans to land the US Army in North Africa. He thought the most important area of concern was the Pacific War. Moreover, he thought that the US Navy should play the decisive role in this as long as it was given adequate resources. King, General Douglas MacArthur, Supreme Commander of the Southwest Pacific Area, and Chester Nimitz, Commander in Chief of the US Pacific Fleet, decided that their first objective should be to establish and protect a line of communications across the South Pacific to Australia. This resulted in the battles of Coral Sea and Midway, where the Japanese Navy lost all four of her carriers. King insisted on launching the Guadalcanal campaign although MacArthur claimed that the US Army was not ready yet for a major offensive. MacArthur also disagreed with invasion of the Solomon Islands. There was also conflict over King's view that American forces should bypass the Philippines. King also opposed Russian involvement in the Pacific War. He also objected to the idea that the Royal Navy should be moved to Pacific after gaining control of the Atlantic. In December 1944, King, along with William Leahy and Chester Nimitz, was given the five-star rank of Fleet Admiral.
    1887 – Actor Boris Karloff (d. 1969) was born William Henry Pratt in London, England.  He is best known for his roles in horror films and especially for his portrayal of Frankenstein in “Frankenstein” (1931), “Bride of Frankenstein” (1935), and “Son of Frankenstein” (1939), which resulted in his immense popularity.  
    1888 – Harpo Marx (d. 1964) was born Adolph Marx in the Upper East Side of Manhattan.  In January 1910, Harpo joined two of his brothers, Julius (later "Groucho") and Milton (later "Gummo"), to form "The Three Nightingales," later changed to simply "The Marx Brothers." Multiple stories, most unsubstantiated, exist to explain Harpo's evolution as the "silent" character in the brothers' act. In his memoir, Groucho wrote that Harpo simply wasn't very good at memorizing dialog, and thus was ideal for the role of the "dunce who couldn't speak," a common character in vaudeville acts of the time.
    1889 - Louis Glas invented and this day installed a coin-operated phonograph player in the Palais Royale, San Francisco. There were many such machines made, generally called “coin graphs.” The first widely successful “jukebox” manufacturer was the Rudolph Wurlitzer Company of North Tonawanda, NY. Its most popular model was made of curved plastic tubes containing a fluid with a low boiling point. Small heaters kept the fluid bubbling. Wurlitzer sold 56,246 of the Model 1015 in 1946 at $750 each. In reality, the juke boxes never became as widely distributed until the 1950's with the invention of the 45rpm record.
    1897 - Jazz pianist Willie “the Lion” Smith (d. 1973) birthday, born William Henry Joseph Bonaparte Bertholoff Smith, Goshen, NY
    1897 – Ransom Eli Olds of Lansing, Michigan, is issued a U.S. patent for his "motor carriage," a gasoline-powered vehicle that he constructed the year before.  He claimed to have built his first steam car as early as 1894 The modern assembly line and its basic concept is credited to Olds, who used it to build the first mass-produced automobile, the Oldsmobile Curved Dash, beginning in 1901
    1897 – Ruth Etting (d. 1978) was born in David City, NE.  One of the most popular U.S. singers from the 1920's through most of the 1940's, she had more than 60 big hits. Best known today for her gangster connections because of the movie about her life “Love Me or Leave Me,” the fictionalized story of her life with Doris Day as Etting.
    1903 - Singer Enrico Caruso made his American debut at the Metropolitan Opera House in New York, appearing in "Rigoletto."
    1909 – The Wright Brothers formed a million-dollar corporation to manufacture airplanes.
    1912 - Trombonist Tyree Glenn (d. 1974) was born in Corsicana, Texas.
    1914 - Emmett Littleton Ashford (d. 1980), was born at Los Angeles, CA.  He was the first black to umpire a Major League Baseball game. Ashford began his pro career calling games in the minors in 1951 and went to the Majors in 1966. He was noted for his flamboyant style when calling strikes and outs, and for his dapper dress which included cuff-links with his uniform.
    1925 - Birthday of composer Johnny Mandel (d. 2020), NYC.  A Grammy and Oscar-winning composer and arranger of popular songs, film music, and jazz, among the musicians he has worked with are Basie, Sinatra, Peggy Lee, Anita O’Day, Streisand, Tony Bennett, and Shirley Horn.  Among his compositions is “Suicide is Painless,” the theme from “M*A*S*H*”
    1936 - The illustrated magazine “Life” debuted on this day.  “Life” was a weekly American magazine from 1883 to 1972, published initially as a humor and general interest magazine. Time founder Henry Luce bought the magazine in 1936, solely so that he could acquire the rights to its name, then shifted it to a role as a weekly news magazine with a strong emphasis on photojournalism, the first issue of which was today. It was published weekly until 1972, as an intermittent "special" until 1978, and as a monthly from 1978 to 2002.
    1938 - Bob Hope and Shirley Ross recorded a song for the film, “The Big Broadcast of 1938.”  “Thanks for the Memory” became Decca record number 2219. It also became Hope's theme song.    
    1943 - The US Second Marine Division took control of the Gilbert Islands after fierce fighting on the heavily fortified Tarawa Atoll.  In the 76-hour battle, the Marines beat back a “death charge” in which the Japanese ran directly at the American guns. American troops sustained 3,500 killed and wounded. The Japanese suffered 5,000 killed and 17 wounded and captured.  The Gilbert Islands are the westernmost of the Polynesians, midway between Australia and Hawaii and today are part of the nation of Kirbati.
    1943 - Randolph in Coos County, NH receives 56 inches of snow, a record for the state. Berlin received 55 inches and many other locations over 40 inches
    1943 – Philadelphia Phillies owner William D. Cox was permanently banned from baseball by Commissioner Landis for having bet on his own team
    1944 - SILK, EDWARD A., Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, Company E, 398th Infantry, 100th Infantry Division. Place and date: Near St. Pravel, France, 23 November 1944. Entered service at: Johnstown, Pa. Born: 8 June 1916, Johnstown, Pa. G.O. No.: 97, 1 November 1945. Citation: 1st Lt. Edward A. Silk commanded the weapons platoon of Company E, 398th Infantry, on 23 November 1944, when the end battalion was assigned the mission of seizing high ground overlooking Moyenmoutier France, prior to an attack on the city itself. His company jumped off in the lead at dawn and by noon had reached the edge of the woods in the vicinity of St. Pravel where scouts saw an enemy sentry standing guard before a farmhouse in a valley below. One squad, engaged in reconnoitering the area, was immediately pinned down by intense machinegun and automatic-weapons fire from within the house. Skillfully deploying his light machinegun section, 1st Lt. Silk answered enemy fire, but when 15 minutes had elapsed with no slackening of resistance, he decided to eliminate the strong point by an l-man attack. Running 100 yards across an open field to the shelter of a low stone wall directly in front of the farmhouse, he fired into the door and windows with his carbine; then, in full view of the enemy, vaulted the wall and dashed 50 yards through a hail of bullets to the left side of the house, where he hurled a grenade through a window, silencing a machinegun and killing 2 gunners. In attempting to move to the right side of the house he drew fire from a second machinegun emplaced in the woodshed. With magnificent courage he rushed this position in the face of direct fire and succeeded in neutralizing the weapon and killing the 2 gunners by throwing grenades into the structure. His supply of grenades was by now exhausted, but undaunted, he dashed back to the side of the farmhouse and began to throw rocks through a window, demanding the surrender of the remaining enemy. Twelve Germans, overcome by his relentless assault and confused by his unorthodox methods, gave up to the lone American. By his gallant willingness to assume the full burden of the attack and the intrepidity with which he carried out his extremely hazardous mission, 1st Lt. Silk enabled his battalion to continue its advance and seize its objective.
    1946 - French naval bombardment of Hai Phong Harbor, Vietnam, killed thousands of civilians. This was to lead to the First Indochina war, which eventually dragged the US into the conflict in the late 1950s.
    1946 - Top Hits
“Rumors are Flying” - Frank Sinatra
“Ole Buttermilk Sky” - The Kay Kyser Orchestra (vocal: Mike Douglas & The Campus Kids)
“The Whole World is Singing My Song” - The Les Brown Orchestra (vocal: Doris Day)
“Divorce Me C.O.D.” - Merle Travis
    1947 - E. L. Sukenik of Jerusalem's Hebrew University first received word of the existence of the Dead Sea Scrolls. The documents, dating between 200 BC and AD 70, had been accidentally discovered the previous winter (1946-47) by two Bedouin shepherds in the vicinity of Qumran.
    1948 - Dr. Frank G. Back of New York City patented the Zoom lens, which was first used by NBC television in April of 1947. It was not mass produced until 1959 when it became very popular with usage on a 35mm camera.
    1952 - Birthday of Francie Larrieu Smith, Palo Alto, CA.   She is, perhaps the greatest runner in U.S. history in a career that spanned four decades.  She set 35 American records in distances from 1,000 meters to two miles. During an international career from 1969-92, Larrieu Smith was on 28 national teams and won 21 national titles. She was a member of five Olympic teams, starting in 1972 when she ran the 1,500 meters. She also ran the 1500 at the 1976 Games and was a team member at the same distance in 1980.
    1954 - Top Hits
“I Need You Now” - Eddie Fisher
“Mr. Sandman” - The Chordettes
“Teach Me Tonight” - The De Castro Sisters
“More and More” - Webb Pierce
    1954 - The Dow Jones Industrial Average finally surpassed its pre-crash high, 25 years after Black Tuesday, when it closed at 382.74.
    1962 - Top Hits
“Big Girls Don't Cry” - The 4 Seasons
“Return to Sender” - Elvis Presley
“Next Door to an Angel” - Neil Sedaka
“I've Been Everywhere” - Hank Snow
    1963 - "I'm Leaving it up to You" by Dale & Grace topped the charts and stayed there for 2 weeks.
    1963 – President John F. Kennedy's body lay in repose in East Room of White House, the day after his assassination in Dallas.  President Johnson declared November 25 a national day of mourning.
    1963 - First episode of “Dr. Who” premiered on British TV with William Hartnell as the first doctor. Traveling through time and space in the TARDIS (an acronym for Time and Relative Dimen­sions in Space), the doctor and his companions found themselves in mortal combat with creatures such as the Daleks. “Dr. Who” didn't air in the US until Sept 29, 1975.
    1964 - The US Supreme Court refuses to strike the phrase "under God," instituted in 1954, from the Pledge of Allegiance.  The phrase was incorporated into the Pledge of Allegiance on June 14, 1954, by a Joint Resolution of Congress amending § 4 of the Flag Code enacted in 1942.  Subsequently, there have been multiple challenges not only to this phrase but to the requirement that students recite the pledge.
    1966 - Elvis Presley's 22nd film, "Spinout," premieres in Los Angeles. The movie is another box-office success and critical disaster for Elvis.
    1967 - AM radio received a blow to its self-esteem when San Francisco KMPX-FM disc jockey Tom Donahue, inventor of "classic rock" and "deep cut" radio, tells Rolling Stone: "Top Forty radio, as we know it today and have known it for the last ten years, is dead, and its rotting corpse is stinking up the airwaves."
    1968 - It's the end of an era: Rolling Stone Magazine reported that San Francisco's Family Dog has lost its license to operate out of the Avalon Ballroom, site of the marathon dance concerts featuring the Grateful Dead, Jefferson Airplane, Moby Grape, Quicksilver Messenger Service and other psychedelic groups.
    1970 - Top Hits
“I Think I Love You” - The Partridge Family
“The Tears of a Clown” - Smokey Robinson & The Miracles
“Gypsy Woman” - Brian Hyland
“Fifteen Years Ago” - Conway Twitty
    1974 - Billy Swan reached the #1 spot on the singles charts for the first and only time. “I Can Help” was the most popular song in the U.S. for two weeks.
    1975 - Minnesota quarterback Fran Tarkenton becomes the NFL's all-time completions leader when he completes his 2,840th pass in the Vikings' 28-13 victory over San Diego.  By comparison, through the 2019 season, Drew Brees is the all-time leader with 7,052…and he is still active.  Tarkenton is now 15th all-time.
    1977 – With their closer, Sparky Lyle, having just won the AL Cy Young Award, the first AL reliever to do so, the New York Yankees signed free agent reliever Goose Gossage to a six-year $2.75 million contract. Gossage had 26 saves and a 1.26 ERA for the Pirates last season.  Before the season was over, Gossage would move into the closer’s role while Lyle would be traded to the Texas Rangers in the off-season.  The Yanks took the World Series from the Dodgers without having Lyle pitch.
    1978 - Top Hits
“MacArthur Park” - Donna Summer
“Double Vision” - Foreigner
“How Much I Feel” - Ambrosia
“Sleeping Single in a Double Bed” - Barbara Mandrell
    1981 - President Ronald Reagan signs off on a top secret document, National Security Decision Directive 17 (NSDD-17), which gives the Central Intelligence Agency the power to recruit and support a 500-man force of Nicaraguan rebels to conduct covert actions against the leftist Sandinista regime in Nicaragua. In the years to come, U.S. support of the Contras became a highly charged issue among the American public. Congressional and public criticisms of the program eventually drove the Reagan administration to subvert congressional bans on aid to the Contras. These actions resulted in what came to be known as the Iran-Contra scandal of 1986.
    1983 - A 24-hour snowfall record for Duluth, MN was broken with 16.9 inches. 19.7 inches fell during the entire storm, also a record
    1984 - Quarterback Doug Flutie of Boston College (my cousin on my mother's side) passed for 472 yards and led the Eagles to a 47-45 upset of the Miami University Hurricanes. Flutie won the game with a desperation “Hail Mary” touchdown pass that end Gerald Phelan caught in the end zone as time ran out.  The play is considered among the greatest in college football history and American sports.
    1986 - Top Hits
“Human” - Human League
“You Give Love a Bad Name” - Bon Jovi
“Word Up” - Cameo
“You're Still New to Me” - Marie Osmond with Paul Davis
    1987 - Box office sales began for the spectacular musical, “The Phantom of The Opera.” Phantom took in a record-setting amount of $920,272 in seventeen hours. The incoming hit from London made a Broadway record in advance sales of over $12 million two months before its grand opening the following January.
    1988 - Wayne Gretzky scores his 600th NHL goal.  He finished his 20-year NHL career with 1016, including playoffs.
    1989 - Low pressure tracking across the Carolinas brought heavy rain to parts of the Southern Atlantic Coast Region for Thanksgiving Day, and blanketed the Middle Atlantic Coast States and southern New England with heavy snow. The storm produced up to nine inches of snow over Long Island, NY, and up to 14 inches over Cape Cod, MA, at Yarmouth. Totals of 4.7 inches at New York City and 6.0 inches at Newark, NJ were records for Thanksgiving Day, the 8.0 inch total at Providence, RI was a record for any given day in November, and the 6.5 inch total at Strasburg, CT was a record for the month of November as a whole.
    1991 - "When a Man Loves a Woman" by Michael Bolton topped the charts and stayed there for a week.
    1991 - La Crosse, WI set a new record for 24-hour snow with 13 inches. This storm brought the monthly total to 28.2 inches, also a record
    1992 - The first smartphone, IBM’s Simon was introduced at COMDEX at Las Vegas.    
    1992 - Early morning severe thunderstorms spawned two F3 tornadoes in North Carolina resulting in 2 deaths and 59 injuries. This was the last day of the three day outbreak in which 93 tornadoes touched down claiming 25 lives.
    1992 - Alta, UT was buried under 45 inches of snow in 24 hours to set an all-time 24 hour record for that location
    1994 - Top Hits
“I’ll Make Love To You” - Boyz II Men
“Here Comes The Hotstepper” (From "Ready To Wear") - Ini Kamoze
“On Bended Knee” - Boyz II Men
“Another Night” - Real McCoy
    1996 - Actor Woody Harrelson and others clogged traffic for hours on the San Francisco Golden Gate Bridge in a protest on behalf of the Headwaters forest.
    1998 - The world's first portable mp3 player goes on sale, despite strenuous objections from the RIAA (Recording Industry Association of America). The Diamond Rio PMP300, which cost $200, could play about a dozen songs.
    2004 - An outbreak of severe thunderstorms produced reports of 54 tornadoes across portions of Texas, Louisiana, Arkansas and Alabama. In Texas's Hardin County, one person was killed with three injured when a tornado struck during the afternoon.
    2013 - Pop band One Direction hosted 1D Day, a day consisting of a record, 7.5 hour-long socially interactive live-stream on YouTube and Google+ Hangout including live band performances and celebrity guests; the event was an unprecedented use of social media.
    2018 - Federal Climate report finds climate change will reduce economy by 10% by 2100 with $141 billion cost from heat-related deaths, $118 billion from sea level rise.



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