October 1, 2018
Today's Equipment Leasing Headlines
Position Wanted – Credit, Sales
Work Remotely or Relocate for Right Opportunity
Leasing News Top Stories
September 24 – 28
Canadian Finance and Leasing Association Conference
By Edward Kaye, Access Commercial Capital
Suntrust Bank Denied Deficiency as Failed
to Sell Collateral in Commercially Reasonable Sale
By Tom McCurnin, Leasing News Legal Editor
September, 2018 - The List
"The Good, the Bad and the Ugly"
CLFP Academy for Lease & Finance Professionals
Two: Scottsdale, Arizona/Federal Way, Washington
California Department of Business Oversight Seeks Answers
How to Help Stop High Cost Loans that Can’t Afford to Pay Back
A Star Is Born/Hold the Dark/Jurassic World: Fallen Kingdom
Won't You Be My Neighbor?/ Scenes from a Marriage
Film/Digital Reviews by Leasing News' Fernando Croce
Stratham, New Hampshire Adopt a Dog
57th Annual ELFA Conference Oct. 14 - 16
Registration Now Only Available On-Site
SEC charges LendingClub unit
with mishandling investors' money
Fake Lease In Hudson Valley Leads
To $4.4M Lawsuit Against Salesman
Man Took $4.3 Million in Cash From Alaska Bank
and Ran, Drove and Flew, Prosecutors Say
California defies Trump on climate change
with new car emissions rules
Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
www.leasingcomplaints.com (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device
You May have Missed---
This Day in History
Weather, USA or specific area
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Position Wanted – Credit, Sales
Work Remotely or Relocate for Right Opportunity
Experienced commercial banker and former commercial equipment leasing industry professional. Over twenty years’ experience in credit analysis, underwriting, sales and collections. Known for creative problem solving and strong quantitative & qualitative analytical skills. Demonstrated ability to gather information, evaluate and make informed strategic business decisions to maximize profit and mitigate risk. Well known for ability to develop strong business relationships with Clients and large list of national equipment leasing Brokers. Please see attached resume and contact me below if interested.
Orlando, Florida - Will work remotely
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.
Silverton, Oregon “Will work remotely”
30 years’ experience, 20 for others and 10 as a broker. Intelligent, innovative and usually exceeded quotas. Have worked most asset and credit types, indirect (vendor and syndications) as well as direct, mainly mid to large ticket. Cross-border and international experience. Most recently focused on renewable energy and energy efficiency, which remain underserviced as to financing options. I live in Oregon, not interested in relocation (unless it is international), but any level of travel is fine. Dual USA/Canada citizenship. Looking for base salary plus upside, open to any reasonable options.
Rob Aldridge. firstname.lastname@example.org
Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at: http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.
Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.
Leasing News Top Stories
September 24 – 28
(Stories most opened by readers)
(1) Shades of Manifest:
U.S. Bank Enters Business Loan FinTech Fray
Small Business Loans Up to $250,000 "Often within an Hour"
(2) Ralph Petta Reaction to Tom McCurnin’s
"Is the Disclosure Too Complicated? of SB 1235"
(3) State Licensing and Usury Laws:
An Updated Overview of a Few Troublesome States
By Barry Marks, CLFP
(4) New Hires/Promotions in the Leasing Business
and Related Industries
(5) Equipment Finance Agreements Explained
By Barry S. Marks, Esq.
(6) Constant Contact Notice
When Links Not Working
(7) Non-bank lenders are back
and even bigger than before
(8) Barry Marks, Esq., CLFP on ELFA SB 1235 Position
Ralph Petta Reaction to Tom McCurnin’s Response
(9) Ex-Banker CFO Gets 10 Years for $25M Fraud
ordered to pay restitution of $21.2 million
(10) Hugh Swandel named CFLA
Member of the Year
Canadian Finance and Leasing Association Conference
By Edward Kaye, Access Commercial Capital
Mike Mathey, Executive Director of the NVLA, Michael Rothe,
President CFLA, Ed Kaye, President NVLA
I was invited as a guest of the CFLA Chairman representing the U.S. National Vehicle Leasing Association (NVLA) as the two organizations have embarked on a more formal cross border cooperative relationship.
The theme of this year’s conference was, “The Future of Money.” With delegates arriving at the hotel via Uber, the advent of crypto currency, block chain finance, and market disrupters in almost every segment of the economy, the theme was timely and each session attempted to tie in some reference to the future for the industry in general.
The conference program kicked off with a breakfast session featuring Lori Frazier, SVP of Strategy and Performance Management with Key Equipment Finance on Meeting the Challenges for Women in Finance. Key Equipment has operations in Canada and Ms. Frazier admonished the attendees that a diverse workplace yields positive trends for the top line and bottom line. It’s time look “beyond the usual suspects” when lenders hire, she stated. Adding that when she looks around the room, “the room is getting more diverse.”
There were several sessions covering the Canadian and global economy’s impact on the industry’s future. J.F. Perrault, SVP and Chief Economist of Scotiabank stated the current U.S. recovery will be the longest on record and he doesn’t forecast a recession for at least a couple of years “absent policy mistakes.” As Canada’s largest trading partner, the U.S.’s impact on the Canadian economy is significant, especially in light of the current administration’s posture with respect to NAFTA.
The Canadian Finance and Leasing Association (CFLA) 2018 conference took place September 26-27 at Le Centre Sheraton in Montreal, Quebec. With almost 500 attendees according to CFLA president Michael Rothe, the conference experienced its largest attendance in many years.
The CFLA membership is primarily comprised of Canadian banks, U.S. banks with operations in Canada, captive finance companies, independent finance and leasing companies, and industry service providers who are engaged in vehicle and asset finance and leasing. They have almost 200 members throughout Canada and are experiencing year over year growth as the Canadian and global economy remains strong and healthy.
Canada's 18th Prime Minister
The conference key note speaker was Brian Mulroney, Canada’s 18th Prime Minister, now 79 years old. He gave the attendees timely insight into the original NAFTA negotiations and his personal involvement in 11th hour positioning to finalize details with president Ronald Regan’s staff. As an advisor to current Canadian Prime Minister, Justin Treadeau, Mr. Mulroney’s position on NAFTA is that it is vital to Canada stating, “tens of millions of jobs in Canada depend on (it).”
He stated “there is enormous bad blood” between the current U.S. and Canadian governments, and his advice to Prime Minister Treaudeau is not to “get into a pissing contest with a skunk!” He needs to “have influence with the president to make things happen.” However, he is hopeful an agreement will be reached.
His informal discussion regarding meetings with Nelson Mandela, U.S. presidents Reagan, Bush (42), and a 25 year relationship with president Trump kept the audience engaged and entertained. Clearly, he is comfortable in front of a crowd, especially when they are in his hometown.
(Photo courtesy of Shari L. Lipski)
Hugh Swandel, Senior Manager, Canada, The Alta Group, receives the member of the year from the Canadian Finance & Leasing Association at thier 2018 Conference in Montreal, Quebec. (1
Huw Williams, President of Impact Public Affairs, in a fireside chat
with Brian Mulroney, Canada 18th Prime Minister
“Whether you look at the household or corporate sector the fundamentals are strong but the policy mistakes are very real,” he added. This was a common theme throughout the conference regarding future risk to the Canadian finance and leasing industry. His take away to the attendees was “anticipate there are some decent times ahead.” Adding, “with some volatility.”
Robert Karwell, Senior Manager
Power Information Network
Automotive Division, Canada
A session on Canadian automotive leasing and financing trends by Robert Karwel, a Senior Manager with J.D. Power provided some interesting data compared to the U.S. auto industry. There were 2mm vehicles sold in Canada in 2017 and 2mm are expected to be sold in 2018. Sales are flat and long term financing with terms up to 84 months is becoming more prevalent for consumer auto finance than ever before. Lease penetration is just above 30% and 60 month leasing is the fasted growing term with negative equity on trade-ins hitting a record in 2018.
I was honored to be an invited guest of the CFLA. The sessions were relevant, informative, and helpful. I took home more than a stack of business cards; I’ll have fond memories of my Canadian financing and leasing counterparts and look forward to seeing many of them as guests of the NVLA next Spring.
(Photos by Ed Kaye, unless indicated otherwise)
- Hugh Swandel, Senior Manager, Canada, The Alta Group, receives the member of the year from the Canadian Finance & Leasing Association at thier 2018 Conference in Montreal, Quebec
http://www.leasingnews.org/PDF/HughSwandelRelease2018.pdf (4 pages)
Edward P. Kaye
Access Commercial Capital, LLC
3000 Marcus Avenue, Suite 3E01
Lake Success, New York 11042
(516)444-3621 Direct Dial
(800)571-3900 Toll Free
Ed Kaye is a longtime supporter of Leasing News, contributing articles as well as features. He is an attorney, admitted to the bar of the State of New York, 1994, and has a MA and BA from the University at Albany. He is presently serving as the President of Directors of the National Vehicle Leasing Association.
He began his career as an Account Executive, Term Leasing, then Auto Tech Leasing Associates. In 1997, he co-founded The Advantage Funding group of companies, serving as President, CEO and General Counsel. He and his partners sold the company in 2014. The following year he was Co-Founder, Managing Member, and General Counsel of Access Commercial Capital, LLC., an independent specialty vehicle and equipment finance and leasing company which is now a wholly owned subsidiary of United Leasing and Finance of Evansville, IN.
SunTrust Bank Denied Deficiency as Failed
to Sell Collateral in Commercially Reasonable Sale
By Tom McCurnin
Leasing News Legal Editor
Bank Botched Sale and Jury Gives Bank Nothing
SunTrust Bank v. Monroe, No. 02-16-00388-CV, 2018 Tex. App. LEXIS 942, at *3 (App. Feb. 1, 2018).
I love these cases where the bank botches a foreclosure sale because they are great teaching tools for what not to do. My dad always told me that you only learn from mistakes. Well, SunTrust Bank learned a few things in this case, and maybe you will too. The facts follow.
Mark Monroe, owner of a bail bonding company, bought a 2012 Aston Martin V12 Vantage for $233,305, financing it through SunTrust Bank. The bonding company’s primary owner actually drove the vehicle, which was intended to be a business vehicle. No payments were made on the vehicle and a default notice sent two months after the transaction. SunTrust repossessed the vehicle in May 2013. The balance due on the car was $172,325.51.
SunTrust gave the vehicle to ADESA, an auto remarketer. Without any explanation, ADESA kept the vehicle for 1½ years, selling it on October 2015 for $115,000. Neither ADESA nor Suntrust issued the borrower a foreclosure notice as required under the Uniform Commercial Code § 9-611. ADESA possibly could have reconditioned the vehicle (there was a repossession expense charge of $38,942) but SunTrust could not explain that charge to the jury. The vehicle owner testified that he thought the car was worth $165,000 to $175,000. After all, isn’t this the car that James Bond drives?
The jury ruled that the foreclosure sale by SunTrust’s agent was commercially unreasonable, believed the owner’s valuation of the car, and disbelieved the principals at SunTrust, finding a value of $143,713 and also discounting the loan balance. Consequently, the jury gave SunTrust nothing. The math didn’t quite add up, so I think this was a case of jury nullification, e.g., throwing reason out the window and ruling against the bank. Bank loses, borrower wins.
What are the takeaways here?
• First, Give Notice of Disposition of Collateral. This is such a basic requirement and such a stupid mistake, that I am surprised in a bank supervised foreclosure sale, this didn’t happen. Obviously, ADESA was responsible for botching the sale, but since this is their primary job (automobile reconditioning and re-sale), it ought to know better, too.
• Second, Why Was This Case Taken to Trial? The bank didn’t provide proper notice, the bank couldn’t explain its loan balance, the bank couldn’t explain repossession costs. Is it any wonder the jury ruled against the bank? This is a case which shouldn’t have been filed, let alone taken to a jury trial.
The bottom line for back end leasing employees is that the secured creditor must play by the rules, and failing that, the creditor is likely going to be slapped down by a jury.
SunTrust Bank v. Monroe (18 pages)
Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.
Barton, Klugman & Oetting
350 South Grand Ave.
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
Previous Tom McCurnin Articles:
September, 2018 - The List
"The Good, the Bad and the Ugly"
The Alta Group, Reno, Nevada (09/18) Hugh Swandel named Canadian Finance & Leasing Association Member of the Year http://leasingnews.org/archives/Sep2018/09_28.htm#swandel
Channel Partners, Minnetonka, Minnesota (09/18) Honored for Significant Growth For 6th Consecutive Year http://leasingnews.org/archives/Sep2018/09_28.htm#cp
Fleet Financing Resources, Riverside, California (09/18) Joins Marlin Business Solutions http://leasingnews.org/archives/Sep2018/09_21.htm#fleet
OnDeck, New York, New York (09/17) Online Lending Tops $10 Billion http://leasingnews.org/archives/Sep2018/09_14.htm#ondeck
Amur Finance Company, Grand Island, Nebraska (09/18) Michael Coon No Longer at Amur Equipment Finance, Sales People Reportedly Are Leaving, Too http://leasingnews.org/archives/Sep2018/09_12.htm#coon
Marlin Business Services, Mount Laurel, New Jersey (09/18) Chief Financial Officer Leaves Company Explanation?
http://leasingnews.org/archives/Sep2018/09_07.htm#marlin (09/18) Marlin Business Services Corp. Announces Departure
of Chief Financial Officer W. Taylor Kamp http://leasingnews.org/archives/Sep2018/09_05.htm#marlin
National Funding, San Diego, California (09/18) National Funding Acquires QuickBridge Funding, Move to Increase Business and Working Capital Loans http://leasingnews.org/archives/Sep2018/09_05.htm#national
CLFP Academy for Lease & Finance Professionals
Two: Scottsdale, Arizona Federal Way, Washington
Thursday, January 03, 2019
Start: 8:00 AM (UTC-07:00) End: Sat., January 05, 2019 4:00 PM (UTC-07:00
Location: Hosted by Ascentium Capital LLC, 4141 N. Scottsdale Rd., Scottsdale, AZ
Spaces left: 15
Registered: 10 registrants
Scottsdale Marriott Suites Old Town
7325 East 3rd Avenue
Scottsdale, AZ 85251
Thursday, February 07, 2019
Start: 8:0o (PST) End: Sat., February 09, 2019 4:00pm (PST)
Location: Hosted by Financial Pacific Leasing, In. 3455 S.
344TH Way, Federal Way, WA 98001
Spaces Left: 25
Marriott Courtyard – Federal Way, WA
Hilton Hampton Inn – Federal Way, WA
The cost to attend the class is $750 and the cost of the exam is $695. When purchased together, the total is discounted to $1400. Current CLFPs are offered a discounted price of $395 and class attendance satisfies the Recertification requirement.
For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or Sandy Vigilia, Executive Administrator (206) 535 – 6281. Visit http://www.CLFPFoundation.org.
##### Press Release ############################
California Department of Business Oversight Seeks Answers
How to Help Stop High Cost Loans that Can’t Afford to be Paid Back
DBO Directs 20 Lenders with High Triple-Digit APR Levels to Submit Information on Lead Generation Activity Commissioner Says DBO Considering Rulemaking to Regulate Lead Generators
SACRAMENTO – The Department of Business Oversight (DBO) today directed 20 consumer installment lenders with high levels of triple-digit APR loans to submit data and other information related to their online lead generation activities.
DBO Commissioner Jan Lynn Owen, explained, “We know from our enforcement work that California consumers who want loans with interest-rate limits are steered by online lead generators to lenders who only make high-cost loans that have no rate caps.
“What we’re seeking is additional information that will help us ensure lenders and lead generators do not use unfair, deceptive practices to trap consumers in high-cost loans they don’t want and can’t afford.”
Owen also said the DBO is considering whether to promulgate regulations to provide more effective oversight of lead generators.
“Lead generators, especially those who operate online, play a significant and growing role in borrower acquisition,” she said. “In California, much of the activity is unlicensed and harmful to consumers. This problem needs to be fixed.”
Additionally, Owen said the DBO is weighing whether to adopt rules that govern how licensees consider borrowers’ ability to repay when making loans.
The DBO licenses and regulates all 20 companies under the California Financing Law (CFL). The CFL caps interest rates for consumer loans under $2,500, but does not impose any interest-rate limits on consumer loans of $2,500 or more.
In 2017, according to annual reports of lending activity filed with the DBO, CFL licensees made 745,145 consumer loans from $2,500 to $9,999. Of those, 47.2% (351,786) carried annual percentage rates (APR) of 100% or higher. Triple-digit APRs were especially prevalent in the $2,500 to $4,999 range, the largest category of consumer loans by numeric volume. Last year, 58.8% of such loans – 321,423 of 547,002 – carried APRs of 100 percent or higher.
For each of the 20 companies subject to the DBO’s directive, the triple-digit APR ratio in the $2,500 to $9,999 dollar range was 90% or higher in 2017, according to their annual reports. In other words, 90% or more of their loans in that range had APRs of 100% or higher. For nine of the lenders, the ratio was 100% -- every loan they made in that range had a triple-digit APR.
All 20 lenders in 2017 made at least 1,000 loans from $2,500 to $9,999. They originated 29.5% of all loans made by CFL licensees in that dollar range (219,770 of 745,145). They originated 60.4% of all the triple-digit APR loans in that range (212,490 of 351,786). The 20 companies earned a combined $662 million in income from consumer loans of $2,500 or higher.
The DBO sent letters to the 20 licensees directing them to provide, among other information: more specific data on APRs; the number of borrowers referred to them by online lead generators; the number of referred borrowers who informed the lead generator they wanted a loan of less than $2,500 but ended up obtaining a loan with no interest-rate limits; details on underwriting practices and how those practices differ for borrowers referred by online lead generators; and information on how borrowers who indicated they wanted a loan of less than $2,500 are handled differently than other customers.
The DBO licenses and regulates more than 360,000 individuals and entities that provide financial services in California. DBO’s regulatory jurisdiction extends over state-chartered banks and credit unions, money transmitters, securities broker-dealers, investment advisers, non-bank installment lenders and payday lenders, mortgage lenders and servicers, escrow companies, franchisors and more.
California List of Triple-Digit APR Lenders
Letter to California List of Triple-Digit APR Lenders
### Press Release ############################
By Fernando F. Croce
New releases include a smashing musical-drama (“A Star Is Born”) and an evocative adventure (“Hold the Dark”), while blockbuster action (“Jurassic World: Fallen Kingdom”), heartfelt documentary (“Won’t You Be My Neighbor?”), and an art-house classic (“Scenes from a Marriage”) come to DVD.
A Star Is Born (Warner Bros.): The old story of fame and romance gets a smashing new retelling in this first-rate melodrama, which marks a promising directorial debut for Bradley Cooper. Cooper also stars as Jackson Maine, a rock ‘n’ roll singer whose alcoholism has put his career on thin ice. When he meets Ally (Lady Gaga), he immediately recognizes the young woman’s musical talent and brings her into the spotlight. As Ally gows successful, his personal demons threaten to tear apart the love that grows between them. A familiar showbiz tale, the story is electrified by the intensity of the characters’ emotions and by Cooper’s surprisingly sensitive handling. With a catchy score and fierce chemistry between the leads (thanks to lady Gaga’s incandescent turn), this is an irresistible love story.
Hold the Dark (Netflix): After mining brutal claustrophobic tension in “Green Room,” director Jeremy Saulnier sets out into the great outdoors with this evocative adventure, set in harsh North Alaska. In an area often threatened by wolves, young Medora (Riley Keough) calls nature writer Russell (Jeffrey Wright) in hopes of tracking down the lupine creatures who took off with her son. What begins as a search for animals gradually deepens into a study of the whole community itself—including Medora’s husband (Alexander Skarsgard) and a local lawman (James Badge Dale). Could an unsettling secret be even more dangerous than the wolves? Closer to a leisurely Western than to Saulnier’s previous hair-trigger thrillers, the film weaves a strong atmosphere of menace that builds to its icy conclusion.
|Nextflix: With the release of the new “A Star Is Born,” it’s the perfect time to check Netflix for the previous versions. There’s the acidic 1937 original, starring Janet Gaynor and Fredric March, the wrenching 1954 version (arguably the best) with Judy Garland and James Mason, and the trendy 1976 version starring Barbra Streisand and Kris Kristofferson.
Jurassic World: Fallen Kingdom (Universal): The mega-successful dino-franchise continues to deliver thrills in this sequel to “Jurassic World,” which adds some haunted-house elements to the formula. Picking up the story three years since the last installment, with the amusement-park island full of dinosaurs now threatened by an active volcano. Dr. Malcolm (series veteran Jeff Goldblum), who’s had his share of mayhem, argues for the creatures’ extinction, but former park head Clare (Bryce Dallas Howard) instead suggests a new sanctuary. Along for the ride is her ex-boyfriend Owen (Chris Pratt), leading a team of specialists to rescue raptors from molten lava. Naturally their mission goes awry, and narrow escapes and death-defying stunts follow. Directed by Juan Antonio Bayona (“The Orphanage”), the film is an expertly-crafted, often inventive monster ride.
Won’t You Be My Neighbor? (Focus): Having since his death become an icon of human idealism, “Mister Rogers’ Neighborhood” host Fred Rogers (1928-2003) makes for a beguiling subject in this poignant documentary. Though still shrouded in mystery, his past is illuminated via interviews with those who knew him, who remember his childhood trouble with bullies and his position as a Presbyterian minister. There are clips from political pundits and from parody sketches, but for the most part director Morgan Neville (“20 Feet from Stardom”) wisely comprises the bulk of the footage from Rogers’ beloved PBS show. It’s there that viewers witness the man’s uncompromising dedication to kindness, using a children’s show as a forum for serene acceptance. Its sincerity as warm and welcome as a blanket, the film is an emotional experience.
Scenes from a Marriage (Criterion): One of cinema’s renowned masters of emotional intensity, Swedish director Ingmar Bergman delivers one of his most probing films with this harrowing, multi-part drama from 1973. The marriage of the title is the one between Johan (Erland Josephson) and Marianne (Liv Ullmann), a couple who seemingly have everything they could possibly want. Domestic happiness turns out to be merely a mask, however, as cracks gradually emerge between them. When an affair is revealed, Johan and Marianne are forced to acknowledge the painful gap that have emerged between them. Can they find a way to rekindle their love, or is their relationship broken beyond repair? Burrowing deep into his protagonists with a pitilessly intimate camera, Bergman’s masterwork is brilliantly acted by Ullmann and Josephson. With subtitles.
Stratham, New Hampshire Adopt a Dog
3 Years, 3 months old
"Sweet Daisy came to us because she wasn't getting along with her canine companions in her home. She can be a bit nervous in new situations and will need some time and patience to settle into her new place. See, Daisy likes to take the more cautious side to meeting people. Because Daisy is fearful and can be reactive, she will do best as the only child at home- without other dogs, cats, or children. Daisy loves to play, but she is still learning to share. Daisy is crate trained, and also knows sit, shake and come. We believe Daisy could really shine in the right home, please come check out this stunning lady you won't regret it."
New Hampshire SPCA
104 Portsmouth Avenue
Stratham, NH 03885
How to Adopt - Process
The New Hampshire Society
for the Prevention of Cruelty to Animals
PO Box 196
104 Portsmouth Avenue
Stratham, NH 03885
Adoption Center Fax
11AM to 4PM – Friday through Monday
11AM to 7PM – Tuesday & Thursday
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
57th Annual ELFA Conference Oct. 14 - 16
Registration Now Only Available On-Site
The 57th ELFA Annual Convention, Oct. 14-16 at the JW Marriott Phoenix Desert Ridge in Phoenix, Arizona, is closer than you think. Don’t miss your peer selected breakout sessions on Monday, Oct. 15 and Tuesday, Oct. 16.
The largest annual gathering of equipment leasing and finance professionals, it’s your best opportunity to see longtime colleagues, meet new ones, and gather important information for your business.
The deadline for online registration is Closed
Registrations and substitutions can be made on-site.
Reportedly Convention Hotel Sold Out
List of Recommended Hotels:
Lite Participant Listing
(Only Registered attendees can see full list)
Full Brochure (16 pages)
Bruce Kropschot will be covering the conference for Leasing News readers. He is one of our best writers and has covered many conferences over the years. He is Senior Managing Director,
The Alta Group.
Bruce Kropschot is one of the first asked to join the Leasing News Advisory Board and he has been active since September 6, 2000. He was named Leasing Person of the Year for 2015
This Day in History
1730 – One of the signers of the Declaration of Independence, Richard Stockton (d. 1781), was born near Princeton, NJ. His father, John Stockton, was a wealthy landowner who donated land and helped bring what is now Princeton University (then known as the College of New Jersey located in Newark) to Princeton. He was a longtime friend of George Washington. In 1776, Stockton was elected to the Second Continental Congress, where he took a very active role. That August, when elections were held for the state governments of the new nation, Stockton and William Livingston each received the same number of votes to be the Governor of New Jersey on the first ballot. Although Livingston later won the election by one vote, Stockton was unanimously elected to serve as the Chief Justice of the New Jersey Supreme Court, but he turned down that position to remain in the Congress. Stockton was the first person from New Jersey to sign the Declaration of Independence.
1803 - The first Roman Catholic Church in Boston was formally dedicated. Catholics had not been permitted any religious freedom within this predominantly Puritan colony prior to the Massachusetts Constitution of 1780.
1850 - Pres. Millard Fillmore named Mormon leader Brigham Young as the first governor of the Utah Territory
1862 - Union General Jefferson C. Davis mortally wounds his commanding officer, General William Nelson, in Louisville, Kentucky. Davis had been upset by a reprimand handed down by Nelson. After quarreling in a hotel lobby, Nelson slapped Davis. Davis then chased him upstairs and shot him. Davis was never court-martialed and it is thought that the influence of Indiana Governor Oliver Morton, who was with Davis at the time of the shooting, was instrumental in preventing a trial. Davis went on to serve with distinction at the Battles of Stones River, Chickamauga, and Chattanooga.
1879 - Baseball's reserve clause was created. National League owners meeting in Buffalo, seeking to limit player salaries and led by Boston’s Arthur Soden, came to a secret agreement whereby five players on each team will be "reserved" - off-limits to all other clubs, effective with the 1880 season. The owners told the newspapers that they have agreed upon a uniform contract with no salary advances.
1881 – William E. Boeing (d. 1956) was born in Detroit. Boeing moved to the Pacific Northwest and purchased extensive timberlands and into lumber operations around the Olympic Peninsula. He made a success of the venture, in part by shipping lumber to the East Coast via the new Panama Canal, generating funds that he would later apply to a very different business. While president of Greenwood Timber Company, Boeing, who had experimented with boat design, traveled to Seattle where, during the Alaska-Yukon-Pacific Exposition in 1909, he saw a manned flying machine for the first time and became fascinated with aircraft. Boeing decided to take lessons in Los Angeles and he purchased a plane. William Boeing became a pilot. Boeing's test pilot, Herb Munter, soon damaged the plane. When he was told that replacement parts would not become available for months, Boeing told his friend, "We could build a better plane ourselves and build it faster." Westervelt agreed. They soon built and flew the B&W Seaplane, an amphibian biplane that had outstanding performance. Boeing decided to go into the aircraft business and bought an old boat works on the river near Seattle for his factory. In 1916, Boeing went into business with George Westervelt as "B & W" and founded the Pacific Aero Products Co. When America entered World War I, a little more than a month later, Boeing changed the name from Pacific Aero Products Co. to Boeing Airplane Company and obtained orders from the US Navy for 50 planes. At the end of the war, Boeing began to concentrate on commercial aircraft. He secured contracts to supply airmail service and built a successful airmail operation and later passenger service that evolved into United Airlines.
1903 - The visiting Pittsburgh Pirates beat the Boston Americans 7-3 in the first World Series game. The best-of-nine series was won by Boston, 5 games to 3. Two of the game’s greatest stars led their respective teams: Honus Wagner of the Pirates and Cy Young of Boston.
1907 - Birthday of Gene Autry (d. 1998), was born Orvon Grover Autry in Tioga, Texas. ‘The Singing Cowboy' was an actor in over 100 cowboy westerns, singer, CMA Hall of Famer and the only person to have 5 Hollywood Walk of Fame stars. They were for film, radio, TV, stage and records. Autry made 635 recordings, including more than 300 songs written or co-written by him. His records sold more than 100 million copies and he has more than a dozen gold and platinum records, including the first record ever certified gold. His Christmas and children's records, “Here Comes Santa Claus” and “Peter Cottontail” are among his platinum recordings. “Rudolph the Red-Nosed Reindeer,” the second all-time best-selling Christmas single, boasts in excess of 30 million in sales. It was also the first #1 song of the 1950s. In 1950, Autry became the first major movie star to use the television medium. Always a man of vision, Autry excelled, and for the next five years, he produced and starred in 91 half-hour episodes of “The Gene Autry Show” for CBS Television. This success lead him to produce such popular TV series as “Annie Oakley,” “The Range Rider,” “Buffalo Bill Jr.,” “The Adventures Of Champion” and the first 39 episodes of “Death Valley Days.” My father, Lawrence Menkin, wrote many of the episodes, plus served as story editor. On November 16, 1941, Berwyn, OK it was renamed "Gene Autry" in his to honor. In 2003, he was ranked No. 38 in CMT's list of the 40 Greatest Men of Country Music.
Autry is also very much remembered for his role in the formation of the Los Angeles-California-Anaheim-Los Angeles Angels of Anaheim Angels of the American League, into which he poured his considerable love for the game. The number 26 (as in 26th man) was retired by the Angels in Autry's honor.
1908 - Birthday of Thomas Edward (Eddie) Tolan (d. 1967), Olympic gold medal sprinter, at Denver, CO. Tolan was the first black American athlete to win two gold medals, triumphing in the 100 meters and the 200 meters at the 1932 Olympics in Los Angeles. At his death, he still held the Michigan high school record of 9.8 seconds in the 100-yard dash.
1908 - Henry Ford introduced the Model T automobile to the market; each car cost $825. It is generally regarded as the first affordable automobile, the car that opened travel to the common middle-class American. The Ford Model T was named the most influential car of the 20th century in the 1999 Car of the Century competition. Ford's Model T was successful not only because it provided inexpensive transportation on a massive scale, but also because the car signified innovation for the rising middle class and became a powerful symbol of America's age of modernization. With 16.5 million sold it stands eighth on the top ten list of most sold cars of all time as of 2012.
1913 – Walter Johnson won his 36th game of the year as the Washington Senators defeated the Philadelphia Athletics, 1-0.
1918 - EGGERS, ALAN LOUIS, Medal of Honor
Rank and organization: Sergeant, U.S. Army, Machine Gun Company, 107th Infantry, 27th Division. Place and date: Near Le Catelet, France, 29 September 1918. Entered service at: Summit, N.J. Birth: Saranac Lake, N.Y. G.O. No.: 20, W.D., 1919. Citation: Becoming separated from their platoon by a smoke barrage, Sgt. Eggers, Sgt. John C. Latham and Cpl. Thomas E. O'Shea took cover in a shell hole well within the enemy's lines. Upon hearing a call for help from an American tank, which had become disabled 30 yards from them, the 3 soldiers left their shelter and started toward the tank, under heavy fire from German machineguns and trench mortars. In crossing the fire-swept area Cpl. O'Shea was mortally wounded, but his companions, undeterred, proceeded to the tank, rescued a wounded officer, and assisted 2 wounded soldiers to cover in a sap of a nearby trench. Sgt. Eggers and Sgt. Latham then returned to the tank in the face of the violent fire, dismounted a Hotchkiss gun, and took it back to where the wounded men were, keeping off the enemy all day by effective use of the gun and later bringing it, with the wounded men, back to our lines under cover of darkness.
1918 - LEMERT, MILO, Medal of Honor
Rank and organization: First Sergeant, U.S. Army, Company G, 119th Infantry, 30th Division. Place and date: Near Bellicourt, France, 29 September 1918. Entered service at: Crossville, Tenn. Birth: Marshalltown, lowa. G.O. No.: 59, W.D., 1919. Citation: Seeing that the left flank of his company was held up, he located the enemy machinegun emplacement, which had been causing heavy casualties. In the face of heavy fire he rushed it single-handed, killing the entire crew with grenades. Continuing along the enemy trench in advance of the company, he reached another emplacement, which he also charged, silencing the gun with grenades. A third machinegun emplacement opened up on him from the left and with similar skill and bravery he destroyed this also. Later, in company with another sergeant, he attacked a fourth machinegun nest, being killed as he reached the parapet of the emplacement. His courageous action in destroying in turn 4 enemy machinegun nests prevented many casualties among his company and very materially aided in achieving the objective.
1918 - LUKE, FRANK, JR., (Air Mission) Medal of Honor
Rank and organization: Second Lieutenant, U.S. Army Air Corps, 27th Aero Squadron, 1st Pursuit Group, Air Service. Place and date: Near Murvaux, France, 29 September 1918. Entered service at: Phoenix, Ariz. Born: 19 May 1897, Phoenix, Ariz. G.O. No.: 59, W.D., 1919. Citation: After having previously destroyed a number of enemy aircraft within 17 days he voluntarily started on a patrol after German observation balloons. Though pursued by 8 German planes which were protecting the enemy balloon line, he unhesitatingly attacked and shot down in flames 3 German balloons, being himself under heavy fire from ground batteries and the hostile planes. Severely wounded, he descended to within 50 meters of the ground, and flying at this low altitude near the town of Murvaux opened fire upon enemy troops, killing 6 and wounding as many more. Forced to make a landing and surrounded on all sides by the enemy, who called upon him to surrender, he drew his automatic pistol and defended himself gallantly until he fell dead from a wound in the chest.
1918 - Captain GH Wilkins, official AIF photographer, rallies United States troops at the battle of the Hindenburg Line while taking photographs for this action. He is awarded a bar to his Military Cross, becoming the only Australian official photographer to be decorated for bravery in the field.
1919 – Gambler Arnold Rothstein decided to finance the fix of the 1919 World Series. The plan called for Nat Evans to give a $40,000 advance to Sport Sullivan to give to the players, with an additional $40,000 to be put in a safe at the Hotel Congress in Chicago. Evans kept $29,000 and bet on the Cincinnati Reds, giving White Sox player Chick Gandl only $10,000.
1920 – Babe Ruth hit his Major League record 54th home run on the last day of the season, his first with the Yankees. Only one other team in the American league hit more than 44 homers.
1923 - On the same 1923 day as Lombard Street opened across town, the “crookedist street” in San Francisco, the Steinhart Aquarium in Golden Gate Park opened its sculpted bronze doors to the public. Ignatz Steinhart, a wealthy entrepreneur, donated the money to build the place in honor of his deceased brother Sigmund.
1927 - An outbreak of tornadoes from Oklahoma to Indiana caused 81 deaths and $25 million damage. A tornado (possibly two tornadoes) cut an eight-mile long path across Saint Louis, MO, to Granite City, IL, killing 79 persons. The damage path at times was a mile and a quarter in width. The storm followed a similar path to tornadoes which struck in 1871, 1896, and 1959.
1935 - Birthday of singer/piano player Jerry Lee Lewis, Ferriday, LA. A pioneer of rock and roll and rockabilly music, Lewis made his first recordings in 1956 at Sun Records in Memphis. "Crazy Arms" sold 300,000 copies in the South, but it was his 1957 hit "Whole Lotta Shakin’ Goin’ On" that shot Lewis to fame worldwide. He followed this with "Great Balls of Fire," "Breathless," and "High School Confidential." However, Lewis's rock and roll career faltered in the wake of his marriage to his 13-year-old cousin. Lewis has a dozen gold records in both rock and country. He won several Grammy awards, including a Lifetime Achievement Award. Lewis was inducted into the Rock and Roll Hall of Fame in 1986, and his pioneering contribution to the genre has been recognized by the Rockabilly Hall of Fame. In 2003, Rolling Stone listed his box set “All Killer, No Filler: The Anthology” number 242 on their list of "500 Greatest Albums of All Time". In 2004, they ranked him number 24 on their list of the 100 Greatest Artists of All Time.
1937 - Birthday of guitarist Joe Hughes, born Maurice Hughes (d. 2003), Houston, Texas.
1938 - Charleston, SC was hit with 5 tornadoes, which killed 32 people and did $2 million in damage
1939 - Germany and the Soviet Union agree to divide control of occupied Poland roughly along the Bug River--the Germans taking everything west, the Soviets taking everything east.
1942 - Hugh Mulzac, first Black captain of a US merchant ship, launches with the Booker T Washington,
1942 – Satchel Paige, believed to be 36, of the Kansas City Monarchs, pitched 5 2/3 innings of hitless relief against the Homestead Grays, winning 9 - 5 in Philadelphia in the 1942 Colored World Series, finishing a four-game sweep of the Grays.
1946 - "The Adventures of Sam Spade" premiered on CBS radio this Sunday night. In the summer of 1946, it had aired on ABC on Friday nights. "The Adventures of Sam Spade", starring Howard Duff as detective Spade, became a hit on Sunday night radio.
It was based on novels by writer Dashiell Hammet.
1947 - Musician Dizzy Gillespie (performing with Charlie Parker) made his Carnegie Hall debut in New York City. Playing with a full-sized band, Gillespie was the leader of a new wave of jazz known as bebop. Over time, Gillespie became one of the great jazz players of all time.
1947 - Top Hits
“Feudin' and Fightin'” - Dorothy Shay
“I Wish I Didn't Love You So” - Vaughn Monroe
“I Wonder Who's Kissing Her Now” - Perry Como
“Smoke! Smoke! Smoke! (That Cigarette)” - Tex Williams
1948 - Birthday of broadcaster Bryant Gumbel, New Orleans, LA.
1949 - Mao Zedong proclaimed the People's Republic of China, a single-party state controlled by the Communist Party of China, during a ceremony in Beijing. In the following years, he solidified his control through land reforms and through a psychological victory in the Korean War. His reforms also included campaigns against landlords, people he termed “counter-revolutionaries," and other perceived enemies of the state. In 1957 he launched the Great Leap Forward that aimed to rapidly transform China's economy from agrarian to industrial. This campaign led to the deadliest famine and the deaths of an estimated minimum of 45 million people between 1958 and 1962. In 1966, Mao initiated the Cultural Revolution, a program to remove "counter-revolutionary" elements in Chinese society that lasted 10 years and was marked by violent class struggle, widespread destruction of cultural artifacts, and an unprecedented elevation of Mao's personality cult. It is now officially regarded as a "severe setback" for the PRC. A controversial figure, Mao is regarded as one of the most important and influential individuals in modern world history. He is also known as a political intellect, theorist, military strategist, poet, and visionary. Supporters credit him with driving imperialism out of China, modernizing the nation and building it into a world power, promoting the status of women, improving education and health care, as well as increasing life expectancy as China's population grew from around 550 million to over 900 million under his leadership. Conversely, his regime has been called autocratic and totalitarian, and condemned for bringing about mass repression and destroying religious and cultural artifacts and sites. It was additionally responsible for vast numbers of deaths with estimates ranging from 30 to 70 million victims.
1950 - CHRISTIANSON, STANLEY R., Medal of Honor
Rank and organization: Private First Class, U.S. Marine Corps, Company E, 2d Battalion, 1st Marines, 1st Marine Division (Rein.). Place and date: Seoul, Korea, 29 September 1950. Entered service at: Mindoro, Wis. Born: 24 January 1925, Mindoro, Wis. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving with Company E, in action against enemy aggressor forces at Hill 132, in the early morning hours. Manning 1 of the several listening posts covering approaches to the platoon area when the enemy commenced the attack, Pfc. Christianson quickly sent another marine to alert the rest of the platoon. Without orders, he remained in his position and, with full knowledge that he would have slight chance of escape, fired relentlessly at oncoming hostile troops attacking furiously with rifles, automatic weapons, and incendiary grenades. Accounting for 7 enemy dead in the immediate vicinity before his position was overrun and he himself fatally struck down, Pfc. Christianson, by his superb courage, valiant fighting spirit, and devotion to duty, was responsible for allowing the rest of the platoon time to man positions, build up a stronger defense on that flank, and repel the attack with 41 of the enemy destroyed, many more wounded, and 3 taken prisoner. His self-sacrificing actions in the face of overwhelming odds sustain and enhance the finest traditions of the U.S. Naval Service. Pfc. Christianson gallantly gave his life for his country.
1953 - “Make Room for Daddy,” premiers on TV. Danny Thomas starred as Danny Williams, a nightclub singer and comedian, in this family sitcom. The series was renamed "The Danny Thomas Show" in 1956 after Jean Hagen (who played his wife, Margaret) left the show. Many cast members returned for the show's sequel, "Make Room for Granddaddy," in 1970. Thomas' co-stars were: Sherry Jackson and Penney Parker as Danny's daughter Terry; Rusty Hamer as son Rusty; Amanda Randolph as housekeeper Louise; Horace McMahon as Danny's agent, Phil Arnold; Jesse White as agent Jesse Leeds; Sid Melton as Charlie Halper, owner of the Copa Club; Ben Lessy as Danny's pianist, Ben; Mary Wickes as his publicist, Liz O'Neal; Hans Conried as Uncle Tonoose; Nan Bryant as Danny's mother-in-law and Marjorie Lord as his new wife Kathy O'Hara. Rusty Hamer was our next-door neighbor growing up in Pacific Palisades, California. His brother was my age and we were best friends, double-dating all the time. Danny Thomas, who many now remember as Marlo's dad and Phil Donahue's father-in-law, is also remembered for many things that influenced television. At the suggestion of his friend, Desi Arnaz, Thomas negotiated a deal that would allow him to retain ownership rights to his programs, like “Make Room for Daddy,” which debuted this day on ABC-TV. Later, in 1957, the show would move to CBS under the Desilu/Danny Thomas Productions banner. The rest is, literally, TV history. His success allowed him to give something back to the world, in the form of his philanthropic efforts to build St. Jude's Children's Hospital in Memphis. "All I prayed for was a break," he once told an interviewer, "and I said I would do anything, anything, to pay back the prayer if it could be answered. All I needed was a sign of what to do and I would do it." And so it was.
1953 - The American League announced that Bill Veeck's controlling interest in the St. Louis Browns has been sold to a Baltimore group headed by mayor Tom D’Alesandro (Nancy Pelosi’s father). The new owners got immediate approval to move the team to Baltimore, something Veeck had been trying in vain to get approved. The team took the name Orioles and began play for the 1954 season in Memorial Stadium.
1954 - Willie Mays made a fabulous over-the-shoulder, back-to-the plate catch that many regard as the most famous in baseball history. It came in the first game of the World Series as the New York Giants were playing the Cleveland Indians. Vic Wertz of the Indians hit a long drive to deep center field in the Polo Grounds. Mays turned on the ball, caught it running full stride about 475 feet from home plate, wheeled and threw to keep the runner from scoring on what was a long sacrifice fly. The Giants won the game, 3-0, in 10 innings on Dusty Rhodes's pinch-hit home run and swept the Indians in the Series. Jack Brickhouse, calling the game on television for NBC, along with Giants’ announcer Russ Hodges, described Mays' catch to viewers: "There's a long drive waaay back in center field...waaay baaack, baaack, it is...caaaaaught by Wil-lie Mays! The runner on second, Doby, is able to tag and go to third; Willie Mays just brought this crowd to its feet...with a catch...which must have been an optical illusion to a lot of people. Boy! [pause] Notice where that 483 foot mark is in center field? The ball itself...Russ, you know this ballpark better than anyone else I know...had to go about 460, didn't it?"
1955 - Top Hits
“The Yellow Rose of Texas” - Mitch Miller
“Love is a Many-Splendored Thing” - The Four Aces
“Tina Marie” - Perry Como
“I Don't Care” - Webb Pierce
1955 - Arthur Miller's play, “A View from the Bridge,” opened on Broadway on this date, and received mixed reviews from critics.
1956 - So far, RCA Victor has received over 856,327 advance orders for Elvis Presley's "Love Me Tender."
1957 - The New York Giants and the Brooklyn Dodgers played their last games as New York teams. The Giants lost to the Pirates at the Polo Grounds, 9-1, while the Dodgers lost to the Phillies at Shibe Park, 2-1.
1958 - The Big Bopper's "Chantilly Lace" enters the pop chart at #27 and the Moonglows' "Ten Commandments of Love," enters the pop charts at #41.
1958 - Tommy Edwards' "It's All In The Game" leads the Billboard chart. The melody of the song had been written in 1912 by Charles Gates Dawes, who would become vice-president of the United States between 1925 and 1929. Updated lyrics were added in 1951.
1959 - Little Anthony and the Imperials record "Shimmy Shimmy Koko Bop," which will reach #24 in the US early next year.
1959 - Hurricane Gracie made landfall near Beaufort, SC with sustained winds of 97 mph with a peak gust to 138 mph. 10 people were killed in South Carolina and Georgia. As the weakening storm moved through Virginia on the 30th, she spawned an F3 tornado at Ivy, VA which killed 11 people
1959 - The irreverent cartoon TV series, “Rocky and Bullwinkle,” created by Jay Ward, debuted on ABC. It was the most sophisticated satirical cartoon series of the television era at that time. “The Many Loves of Dobie Gillis” debuted on CBS on the same evening.
1960 - ABC-TV brought "My Three Sons" into United States homes. Movie actor Fred MacMurray had a hard time adjusting to the small screen. "My Three Sons" did so well that CBS bought it in 1965, for somewhere between seven and ten million dollars.
1961 – One of baseball’s most revered records was broken when the Yankees’ Roger Maris hit his 61st HR, breaking the record of Babe Ruth set in 1927. Maris hit his fourth-inning homer in his second time at bat, off Tracy Stallard, a 24-year-old Boston rookie right-hander. The Yankees won the game, 1-0.
1962 - President John F. Kennedy authorized use of federal troops in integration of University of Mississippi. James H. Meredith, an Air Force veteran, was escorted onto the University of Mississippi campus by U.S. marshals. Two men were killed in the ensuing mob violence, which was quelled with the aid of 3000 federal soldiers. The next day, Meredith was enrolled and began to attend classes amid continuing disruption by protestors. On June 6, 1966, James Meredith was shot and wounded while on a lone march from Memphis, Tenn. to Jackson, Miss. to encourage black voter registration. On June 26, 26 groups from across the country joined with Meredith to complete the march. From 1989 to 1991, Meredith served as a policy advisor to conservative Republican Senator Jesse Helms, who only ten years earlier had opposed the establishment of Martin Luther King, Jr. Day. He is an author and businessman today.
1962 – “My Fair Lady” after a run of 6½ years. At the time, the show held the Broadway record for longest-running musical of all time. 3,750,000 people watched the wonderful show and heard tunes like “Wouldn't it Be Loverly,” “Show Me,” “Get Me to the Church on Time,” “I'm an Ordinary Man,” “I've Grown Accustomed to Her Face,” and the Vic Damone/Robert Goulet standard, “On the Street Where You Live.” The team of Alan Jay Lerner and Frederick Loewe turned George Bernard Shaw's play, “Pygmalion,” into a colorful, musical production. They gave a new life to the rough-around-the-edges, cockney flower girl; the subject of a bet between Professor Higgins (“Just You Wait, 'Enry 'Iggins”) and a colleague. The Professor bet that he could turn Eliza Doolittle into a proper lady (“The Rain in Spain”). “With a Little Bit of Luck,” he did it. Eliza, looking and acting very much like a princess, sang “I Could Have Danced All Night.” After its Broadway success, “My Fair Lady” was made into a motion picture (1964) and won seven Academy Awards including Best Picture.
1962 – Johnny Carson debuted as regular host of NBC's "Tonight" show. Carson is the longest-serving host to date although not the host with the most episodes. The show aired for 30 seasons between October, 1962 and May, 1992.
1963 - Top Hits
“Blue Velvet” - Bobby Vinton
“Sally, Go 'Round the Roses” - The Jaynetts
“Be My Baby” - The Ronettes
“Abilene” - George Hamilton IV
1965 - Hanoi publishes the text of a letter it has written to the Red Cross claiming that since there is no formal state of war, U.S. pilots shot down over the North will not receive the rights of prisoners of war (POWs) and will be treated as war criminals.
1967 - ”Alice” premiers on TV. Linda Lavin played the title role in this CBS comedy that was based on the 1975 film “Alice Doesn't Live Here Anymore.” Alice Hyatt was the new girl in town, a widow raising her son while trying to make ends meet by waitressing at a diner. She also had dreams of making it big as a singer. Nine years later, Alice was able to leave her "temp" job for a gig. Lavin's co-stars were: Vic Tayback as diner owner Mel Sharples, Philip McKeon as Alice's son, Tommy, Beth Howland as waitress Vera Gorman, Polly Holliday as sassy waitress Flo Castleberry, Diane Ladd as Flo's replacement Belle Dupree, Celia Weston as waitress Jolene Hunnicut, Martha Raye as Mel's mother, Carrie and Marvin Kaplan as customer Henry Beesmyer. The last episode was on August 31, 1976.
1967 - Motown's Soul label released Gladys Knight and the Pips' “I Heard It Through the Grapevine.” It ultimately reached Number 2 on the pop charts and Number 1 on the rhythm and blues charts.
1967 - Mickey Hart joins the Grateful Dead.
1970 - The New American Bible was published by the St. Anthony Guild Press. It represented the first English version Roman Catholic Bible to be translated from the original Biblical Greek and Hebrew languages. (The Rheims-Douai Version of 1610 had been based on Jerome's Latin Vulgate.)
1971 - Top Hits
“Go Away Little Girl” - Donny Osmond
“Maggie Mae/Reason to Believe” - Rod Stewart
“The Night They Drove Old Dixie Down” - Joan Baez
“The Year That Clayton Delaney Died” - Tom T. Hall
1973 - "We're an American Band" by the Grand Funk Railroad topped the charts and stayed there for a week.
1974 - Congress passed the Equal Credit Opportunity Act designed to equalize credit opportunities for women and men. Under the new law, women's income had to be counted in the same way as men's income for credit ratings. It also decreed no one should be refused credit because of sex or marital status.
1975 - WGPR-TV Detroit, first Black-owned station in US, begins broadcasting.
1976 - Tommy Lasorda is named to succeed Walter Alston as Dodger manager. 'Smokey' Alston compiled a 2040-1613 record (.558) during his 23-year tenure with the club, winning seven pennants and four world championships. Managing the Brooklyn/Los Angeles Dodgers between 1954 and 1976, Alston signed 23 one-year contracts. Alston was elected to the National Baseball Hall of Fame in 1983.
1977 - In history's most-watched prize fight, Muhammad Ali defeated Ernie Shavers, in a decision, to claim the heavyweight championship boxing crown. The bout was televised from Madison Square Garden in New York City to an estimated 70 million viewers on NBC-TV. The first woman official of a heavyweight title boxing match officiated the match.
1977 - No. 1 Billboard Pop Hit: "Star Wars Theme/Cantina Band," Meco. The 15-minute song is a disco version of several themes from the top movie of 1977.
1979 - Cheap Trick's "Ain't That A Shame" peaks at #35 on the singles chart, while Robert Palmer's "Bad Case Of Loving You" peaks at #14, Nick Lowe's "Cruel To Be Kind" peaks at #12 and Dave Edmunds' "Girls Talk" peaks at #65.
1979 - Gold hits record $400.20 an ounce in Hong Kong.
1979 - Top Hits
“My Sharona” - The Knack
“Sad Eyes” - Robert John
“Rise” - Herb Alpert
“It Must Be Love” - Don Williams
1982 - The first poisoning of store merchandise known to have resulted in numerous deaths took place in and around Chicago, Il. In a three-day period from September 29 to October 1, 1982, seven people died after taking Tylenol, a brand of acetaminophen, which they had bought at a local drugstores and supermarkets. A murderer who was never apprehended had removed the bottles from store shelves, opened them, added cyanide to the capsule of Tylenol, and replaced them in the stores. Tylenol removed all their product from the stores and destroyed them. The poisonings led to the introduction of wraps and seals on all pharmaceutical products and many other products as well.
1983 - Heavy rains began in central and eastern Arizona which culminated in the worst flood in the history of the state. Eight to ten inch rains across the area caused severe flooding in southeastern Arizona which resulted in thirteen deaths and $178 million damage. President Reagan declared eight counties of Arizona to be disaster areas.
1983 – “A Chorus Line” became the longest-running show on Broadway, with performance number 3,389. “Grease,” the rock 'n' roll production, had been the previous box-office champ since 1980.
1984 - "Let's Go Crazy" by Prince & the Revolution topped the charts and stayed there for 2 weeks.
1984 - The Cars' "Drive" peaks at #3 on the pop singles chart.
1985 – “MacGyver,” starring Richard Dean Anderson, debuted on ABC. Fortunately, the last detail is unimportant when compared to his astounding mind. Drawing on a vast practical knowledge of science, Macgyver is able to make use of any mundane materials around him to create unorthodox solutions to any problem he faces. The enemies of world peace and justice continually learn that underestimating this man is a fatal mistake for their plans. The popular series lasted seven years, perhaps making MacGyver a verb in our language for turning something simple into a major tool.
1986 - The sitcom, “Designing Women,” starring Dixie Carter, Delta Burke, Annie Potts, and Jean Smart premiered on CBS. The well-written show had a loyal following, and touched on many female topics that few shows then, or now, tackle. Last episode: May 24, 1993
1987 - No. 1 Billboard Pop Hit: "Didn't We Almost Have It All," Whitney Houston.
1987 - Top Hits
“Didn't We Almost Have It All” - Whitney Houston
“Here I Go Again” - Whitesnake
“Lost in Emotion” - Lisa Lisa & Cult Jam
“Three Time Loser” - Dan Seals
1987 - “Thirtysomething” premiers on TV. This ABC drama series about a group of seven baby boomers was created by boomers Ed Zwick and Marshall Herskovitz. The show's characters were very real to many viewers who were able to identify with their struggles--such as the death of a parent, disease, relationships, singlehood, marriage, divorce, career setbacks and the birth of a child. The cast featured Ken Olin as Michael Steadman; Mel Harris as his wife, Hope; Jade Mortimer and the Craven twins, Brittany and Lacey, as their daughter Jane; Timothy Busfield as Michael's business partner, Elliot Weston; Patricia Wettig (Olin's real-life wife) as Elliot's wife, Nancy; Luke Rossi as their son Ethan; Jordana Shapiro as their daughter Brittany; Polly Draper as Hope's friend Ellyn Warren; Melanie Mayron as Michael's cousin, Melissa Steadman and Peter Horton as family friend Gary Shepherd. The popular show lasted until 1991.
1987 - A slow moving cold front produced rain from the Great Lakes Region to the Central Gulf Coast Region. A late afternoon thunderstorm produced wind gusts to 62 mph at Buffalo, NY. Warm weather continued in the western U.S. In Oregon, the afternoon high of 96 degrees at Medford was a record for the date.
1989 - Seven cities reported record high temperatures for the date, as readings soared into the 80s and low 90s in the Northern Plateau and Northern Plains Region. Record highs included 91 degrees at Boise, ID, and 92 degrees at Sheridan, WY. The high of 100 degrees at Tucson, AZ marked their 51st record high of the year, and their 92nd day of 100 degree weather.
1990 - In Washington, DC, the National Cathedral (officially, the Cathedral Church of St. Peter and St. Paul) was completed after 83 years of construction. Begun in 1907, the Gothic edifice had been used in its incomplete form since 1912.
1991 - Snow began in Caribou, ME at 8:35 p.m. on the29th and ending at 2 am on the 30th with 2.5 inches accumulating.
1994 - The Pointer Sisters receive a star on the Hollywood Walk of Fame. The star on Hollywood Boulevard was originally set to be unveiled in January, but an earthquake struck Los Angeles three days before the scheduled ceremony. The Pointers are the first African-American female music group to receive the honor.
1996 - Astros Retire Ryan's Number. The Houston Astros retired uniform number 34 in honor of their former pitcher, Nolan Ryan, who played for Houston for nine seasons.
The ceremony made Ryan the only player to have his number retired by three teams, the California Angeles and the Texas Rangers having previously accorded him the honor.
2001 - Some 7,000 people marched for peace in Washington, DC while an estimated 7-10,000 marched in San Francisco. They marched to mourn terrorist victims and to urge the nation to heal poverty and injustice that fuels global violence instead of focusing on military revenge.
2001 - The Supreme Court suspended former President Bill Clinton from practicing before the high court. On January 19, 2001, Clinton's law license was suspended after he acknowledged to an Arkansas circuit court that he had engaged in conduct prejudicial to the administration of justice in the Paula Jones Case.
2002 - Barry Bonds sets a new season mark for on-base percentage with a .582 OBP. The 38-year old Giant left fielder, who became the oldest first-time winner of a batting title hitting .370, easily surpassed the 1941 mark established by Ted Williams with a .553 OBP.
2004 - Major League Baseball announces Washington D.C. will become the new home of the Montreal Expos in time for the 2005 season. The nation's capital, which was chosen over finalists including Las Vegas and Northern Virginia, will have baseball first time in 33 years since the expansion Senators left in 1971 to become the Texas Rangers.
2005 - John G. Roberts is confirmed as the Chief Justice of the Supreme Court.
2008 – At the outset of the Great Recession, a $700 billion financial industry bailout won lopsided passage in the Senate, 74-25, after it was loaded with tax breaks and other sweeteners.
2014 - eBay Inc. announced that it will split its PayPal unit into a separate company, raising the possibility of a PayPal buyout by mobile payment operators such as Google. The spin-off was completed in 2015.
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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