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######## 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.

ELFA Reports September New Business Down 4%
$9.7 Billion Sept from $10.1 Billion Aug

(Chart: Leasing News)

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed overall new business volume for September was $9.7 billion, down 5 percent year-over-year from new business volume in September 2022. Volume was down 4 percent from $10.1 billion in August. Year-to-date, cumulative new business volume was up 1.9 percent compared to 2022.

(Chart: ELFA)

ELFA President and CEO Ralph Petta said, “Respondents to the September survey show a slight decline in new business volume, providing fresh evidence that liquidity issues brought about, in part, by high interest rates and stubborn inflation are having a somewhat negative impact on demand for business equipment in select sectors. Of equal or greater concern is the quality of equipment finance company portfolios, as losses and delinquencies continue to edge up slightly. Both bear monitoring as we enter the fourth quarter of the year.”

Bill Stephenson, Global Chief Executive Officer, PEAC Solutions, commented, “After the positive growth of recent months, the September survey results underscore the near-term challenges being faced by the U.S. economy. With monetary policy remaining restrictive and the cloud of further rate hikes still hanging in the air, business confidence has continued to soften and curtail investment activity. Our industry has demonstrated its resilience, having successfully navigated these economic headwinds for most of 2023 and delivering year-over-year growth. However, recent adverse events, such as the escalation of hostilities in the Middle East, will weigh on market sentiment and could further slow activity in the final months of the year.”

(Charts: ELFA)

Coda: No Full Press Release was available at press time.

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Leigh Lytle appointed new ELFA President and CEO
Announced at the Equipment Leasing and Finance Association Conference

Leigh Lytle was appointed President and CEO of ELFA effective December 4, 2023. She will succeed Ralph Petta, who is retiring from the association at the end of the year.

According to LinkedIn, she is located in San Francisco, California.

Currently, she is Head of North American Policy, Plaid, San Francisco, California. She joined the Federal Reserve Bank of San Francisco, December, 2011, Director, Statistics, promoted Vice President, January, 2018, promoted Group Vice President, April, 2019; Founder, Director, Persistent Ventures (August, 2017 - January, 2022);
Full Bio: https://www.linkedin.com/in/leighlytle/details/experience/
https://www.linkedin.com/in/leighlytle/

In the ELFA press release, Leigh Lytle commented, “I am honored to be joining the Equipment Leasing and Finance Association as the organization moves into its next phase and navigates the digital landscape and abundant opportunities on behalf of our members.

“The association has an incredible board, members and team championing this critical sector that adds tremendous value to the American economy. I am proud to join the ELFA staff to build on the solid foundation established by Ralph Petta and the team, and look forward to meeting with and working with our members in the coming months.”

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New Hires/Promotions in the Leasing Business
and Related Industries

Robby Dunn was hired as Senior Account Manager, Deutsche Leasing Group, Chicago, Illinois. He is located in the Los Angeles Metropolitan Area. Previously, he was Relationship Manager, VP, PNC (November, 2021 - October, 2023). He joined Bank of the West July, 2018, as Inside Sales Account Manager, promoted February, 2021, Senior National Account Manager, VP; Property Accountant Associate, Jack Tar Development Company (June, 2016 - January, 2018); Sales Specialist, Irvine Company (March, 2013 - August, 2015).
https://www.linkedin.com/in/robby-patrick-dunn/

Melissa Harris was hired as Operations Manager, Transcap, Pepper Pike, Ohio. She is located in Fort Worth, Texas. Previously, she was Vice President, CoreFund Capital (April, 2021 - July, 2023); Portfolio Manager, Apex Capital Corp. (December, 2010 - April, 2021); Sales/Underwriting/Marketing Manager/Account Executive Orange Commercial Credit (February, 2007 - December, 2010). Full Bio:
https://www.linkedin.com/in/melissa-harris41240873/details/experience/
https://www.linkedin.com/in/melissa-harris41240873/

Libby Turner was hired as Vice President of Sales, Star Hill Financial, LLC., Fairfield, Connecticut. She is located in Draper, Utah. Previously, she was Vice President of Sales, Equipment Finance Division. Previously, she was Executive Vice President, Business Development, Commercial Funding Partners (February, 2022 - October, 2023); Vice President, Business Development, BFI Corporate Finance (September, 2015 - February, 2022): Vice President of Sales, Onset Financial (January, 2010 - September, 2015); Senior Relationship Manager, Marquette Equipment Finance/Applied Financial (July, 2004 - January 2020). Full Bio:
https://www.linkedin.com/in/libbyturner/details/experience/
https://www.linkedin.com/in/libbyturner/

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Leasing and Finance Industry Help Wanted

Broad and Complete Understanding Most Important
By Scott Wheeler, CLFP

Top originators in the commercial equipment finance and leasing industry have a broad and complete understanding of every aspect of the industry.

Most originators have a workable understanding of the products and services that their company offers. Top originators understand how those products and services fit into the market.
Most originators have a workable understanding of the credit process. Top originators can speak directly to why credit criteria are changing and defend their company's credit decision process.

Most originators have a workable understanding of their competition. Top originators know the specific strengths and weaknesses of their competition and are willing to go toe-to-toe with any competitor.

Most originators have a workable understanding of the economy and its current effect on their daily business. Top originators understand the direct impact of economic changes for their end-users and vendors and can have meaningful conversations with decision makers.

Most originators have a workable understanding of upcoming regulations and laws. Top originators are able to confront these changes and explain them in detail.

Most originators have a workable understanding of equipment. Top originators know the difference between tier one and tier three equipment. They understand equipment valuations and the importance of having collateral that fully secures every transaction.

In today's market, average originators are falling behind and top producing originators are quickly overtaking the competition because they fully understand the markets they serve.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com

Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.htm

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Now is the time to take advantage of
higher bonus depreciation before 2024

True Leasing has several advantages, including taking care of bonus depreciation.

The rules allowed Bonus Depreciation to 100% for all qualified purchases made between September 27, 2017 and January 1, 2023. Bonus Depreciation now ramps down to 80% for the year of 2023. Bonus depreciation will continue to ramp down for ensuing years: 60% for 2024, 40% for 2025, 20% for 2026, and 0% beginning in 2027.

Note: Several states do not conform with the federal guidelines, and cap the deduction.

Section 179 allowed for the immediate expensing of 100% of the asset cost up to $1,160,000 for 2023. The full deduction can be taken unless the total equipment purchases are greater than $2,890,000 for the tax year, in which case the deduction will reduce dollar for dollar by the amount above the threshold. The deduction will also only apply if the business is profitable as it cannot be used to create a tax loss. Section 179 may be more flexible than bonus depreciation, as it allows the taxpayer to take the deduction on specific assets rather than an entire class of assets.

While business finance makes the decision more simple to present, profitable companies should consider understanding more from their account to improve cash flow on 80% for 2023.

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Crossroads Equipment Lease and Finance Named
Finance Referral Partner for TruckTractorTrailer.com

Los Angeles, CA - Crossroads Equipment Lease and Finance, an industry-leading provider of financing and insurance solutions tailored for commercial transportation, is delighted to announce a new partnership with TruckTractorTrail.com (TTT), an online marketplace designed to connect buyers and sellers of commercial transportation equipment.

This strategic collaboration represents a growth opportunity for both businesses, as Crossroads seeks to expand its national customer base, and TTT looks to accelerate its transactions by offering financing and insurance options to its qualified equipment buyers.

Crossroads’ Inside Sales Manager Nelson Suarez, said, "TTT has consistently demonstrated a forward-thinking approach to the trucking industry, and we are proud to align ourselves with their vision.

“Our partnership is built on mutual trust and respect, a very collaborative culture, and a shared embrace of technology."

Allan Anastacio, Head of Sales at TTT, commented, “Crossroads is a natural fit for us," said. "Their deep industry knowledge and commitment to providing flexible financial solutions make them the ideal finance partner for us. Together, we can empower our customers to make the most of their investment and find success in the trucking Industry.”

TruckTractorTrailer.com is a B2B SaaS (Software as a Service) enabled commercial equipment marketplace that provides a cloud-based platform supported by modern processes, allowing buyers and sellers to act on opportunities in real time.

Under this new partnership, Crossroads Equipment Lease and Finance will be the primary finance referral partner for TTT, offering many financing and insurance options to their members.."

About TruckTractorTrailer.com (TTT)

TruckTractorTrailer.com facilitates growth by generating and accelerating revenue for companies from all corners of the trucking and transportation industries. We do this by connecting people and modernizing processes through technology, accessibility and a unique ‘out of industry’ perspective. TTT was founded with the purpose to unite these industries by helping businesses run smoother and faster, focus on quality, and streamline existing, outdated processes.

For more information, please visit: https://trucktractortrailer.com/

About Crossroads Equipment Lease and Finance

Crossroads Equipment Lease and Finance, LLC is a leading transportation equipment leasing company headquartered in Southern California. Over the years, we have grown into a national lender with an array of financial products designed to help businesses succeed. We strive to build long-term business relationships by offering prompt, flexible, and tailor-made financing that preserves capital. Our industry expertise affords our customers a competitive advantage in the market.

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Equipment Leasing and Finance Association Inducts
William Bosco, Jr. into Equipment Finance Hall of Fame

The Equipment Leasing and Finance Association (ELFA) has named William Bosco, Jr. to the 2023 Class of the Equipment Finance Hall of Fame. ELFA Board Chair Robert Neagle made the announcement this morning at the General Session of the 62nd ELFA Annual Convention in Phoenix, Arizona. The official induction ceremony took place on Oct. 21 at the Chair Dinner preceding the ELFA Annual Convention. Bosco, who accepted the honor in person, was recognized for his instrumental role in representing ELFA and the equipment finance industry in the decade-long effort to create a new lease-accounting standard.

ELFA President and CEO Ralph Petta, said, “We congratulate Bill for being inducted to the 2023 Class of the Equipment Finance Hall of Fame,” said. “His tireless work and leadership on the lease accounting project has been essential to the success of our association’s advocacy and outreach activities.”

Starting in 2006, when the Securities and Exchange Commission asked the FASB to revamp lease accounting rules as part of an effort to harmonize accounting standards worldwide, ELFA put forth a major effort and invested significant resources into the lease accounting project. The association convened a task group of the Board of Directors, a team of consultants and subject matter experts, and its Financial Accounting Committee, all focused on ensuring a workable and sound standard to replace FAS 13.

Bosco played an outsized role in this effort as a member of ELFA’s Financial Accounting Committee—a role he held for almost 30 years, 10 of them as Chair—and as a member of the association’s technical advisory group. He represented ELFA on the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) Lease Accounting Project Working Group, analyzing issues related to the lease accounting project, providing input to FASB and IASB regarding the impact of these issues on the industry, and communicating to ELFA members.

These efforts led to a favorable outcome when the final rule changes were released in 2016. Although the new standard changed how operating leases were accounted for on corporate balance sheets, they did not diminish the many benefits of leasing and financing equipment. Under the new rules, businesses nationwide continue to enjoy the benefits of engaging in the $1 trillion U.S. equipment finance industry, which promotes business expansion, job creation and U.S. economic growth.

Once the new standard was issued, Bosco assisted ELFA in developing educational resources to help ELFA members understand and plan for the new rules and educate their sales teams, vendor partners and end-users about the changes. He was a frequent speaker at ELFA events—including the Lease and Finance Accountants Conference, the Annual Convention and various workshops and seminars —and authored numerous articles for the association and the Equipment Leasing & Finance Foundation.

Bosco has had a long and distinguished career in the equipment finance industry spanning five decades. A CPA and CFP, he held multiple professional responsibilities throughout his career, including serving as Controller for several large lessors; designing, developing, promoting and selling new lease products; and providing advice to solve issues in meeting customer needs in transactions with accounting, tax and structural complexities. Since his retirement from Citi Capital in 2004 he has held a variety of engagements as a consultant, with a key role teaching lessors’ sales staff the implications of new accounting rules, structuring leases and marketing.

In 2004 Bosco received ELFA’s Distinguished Service Award. In 2023 he was honored with the “MVP Behind the Scenes” award at Monitor’s 50th Anniversary Converge Gala event in Philadelphia. He holds a BBA in accounting degree from the City College of New York’s Baruch School.

Bosco and his family established a scholarship in the name of his son, Richard Bosco, who perished in the 9/11 World Trade Center terrorist attack. The scholarship continues to provide education funding for students both for higher education and special needs. He thanks ELFA and its members who have been active supporters.

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.

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This Day in History

    1621 - Governor Bradford of the Plymouth Colony forbade sports on Christmas Day.
    1741 - Georg Wilhelm Steller discovers the Kiska Island in the Aleutian Island chain of present-day Alaska.
http://memory.loc.gov/ammem/today/oct25.html
    1764 - Abigail Smith married a young lawyer by the name of John Adams. Their union launched a vital 54-year partnership taking the couple from colonial Boston through the politics of revolution, to Paris and London and the world of international diplomacy, and finally to Washington, D.C., where they became the first presidential couple to occupy the White House. A talented commentator and chronicler of events with a broad knowledge of history, Abigail Adams left an important account of many of the events of the nation's founding in her letters. She and her husband corresponded regularly; first when he attended the Continental Congress and Constitutional Convention in Philadelphia between 1774 and 1783, and again from 1789 to 1800, when she traveled between the family home in Quincy, Massachusetts, and Philadelphia, where John Adams was serving as the nation's first vice president before becoming its second president in 1797.
(lower half of: http://memory.loc.gov/ammem/today/oct25.html)
    1825 – The Erie Canal opened. First proposed in the 1780s, a survey was authorized, funded, and executed in 1808. Proponents of the project gradually wore down opponents and its construction began in 1817. The canal has 35 numbered locks, plus the Federal Black Rock Lock. Originally, it ran about 363 miles from Albany to Buffalo to create a navigable water route up the Hudson River from New York City and the Atlantic Ocean to the Great Lakes. It was the second longest canal in the world (after the Grand Canal in China) and greatly enabled the development and economy of New York, New York City, and the United States.
    1848 - The first railroad to run west out of Chicago was the Galena and Chicago Union Railroad, a constituent company of the Chicago and North Western Railway. Its first train was hauled by “The Pioneer,” a 10-ton wood-burning locomotive, which left Chicago this day for Oak Park, five miles away. The North Western rails reached the Missouri River at Council Bluffs, IA, in 1867.
    1864 - Confederate President Jefferson Davis meets with General John Bell Hood at Hood's Palmetto, Georgia, headquarters to discuss the recent misfortunes of the Army of Tennessee. Since Hood had assumed command of the army in July, he had launched an unsuccessful series of attacks on Union General William T. Sherman's forces, endured a month-long siege in Atlanta, and was finally forced to abandon the city. Now, Davis journeyed to Georgia to shore up the sagging morale of his leader and troops. The most pressing problem was dissent within the Confederate command. Leading generals began feuding and pointing fingers to assign blame for the disastrous Atlanta campaign. Hood blamed General William Hardee, commander of one of Hood's three corps, for the loss of Atlanta, and Hardee demanded removal from Hood's authority. After conferring with Hood, Davis reassigned Hardee to the Department of South Carolina, Georgia, and Florida. Even though Hardee was the most able corps commander, Davis personally selected Hood to command the Army of Tennessee in July, and refused to admit his mistake. Unfortunately for the Confederates, Hood invaded Tennessee in the late fall, and by Christmas, he saw his once-grand army virtually destroyed. On his return trip to Richmond, Davis gave a speech at Columbia, South Carolina, in which he gushed about Hood's prospects. In doing so, he let slip important information, saying that Hood's eye was set "upon a point far beyond that where he was assailed by the enemy." Sherman read the quote in a newspaper a few days later and guessed, correctly, that Hood intended to move back into Tennessee to cut Sherman's supply lines. Sherman planned his fall strategy accordingly, sending part of his army to deal with Hood while he took the rest across Georgia.
    1914 - Poet John Berryman (d. 1972) born McAlester, Oklahoma.
http://www.poets.org/poets/poets.cfm?45442B7C000C00
    1918 - Bassist Greig Stewart “Chubby” Jackson (d. 2003) was born, New York City. Also wrote many tunes, including the famous “Northwest Passage” for Woody Herman
    1921 - A hurricane with 100 mph winds hit Tampa, FL, causing several million dollars damage.
    1923 - The first meeting of the Senate subcommittee to investigate the Teapot Dome oil leases was held, with Sen. Thomas U.J. Walsh, Democrat of Montana, as chairman. Walsh had used the 18 months since his appointment as chairman to study the case, and during the time, public interest in it had died down. It was quickly reawakened by the hearings.
    1926 – Saxophonist Jimmy Heath born, Philadelphia.
    1929 – In what became known as the “Tea Pot Dome Scandal,” Albert Bacon Fall, Secretary of the Interior in President Warren Harding's cabinet, was found guilty by Justice William Hitz of the District of Columbia Supreme Court for accepting a bribe of $100,000 from Edward Doheny of the Pan-American Petroleum and Transport Company for granting valuable oil leases in the Elk Hills Naval Oil Reserves in California. He was sentenced to one year in prison and was fined $100,000. Earlier, Harding, in a move subsequently deemed illegal by the Supreme Court, transferred responsibility for naval oil reserve lands to the Department of the Interior. Fall went on to exploit those rights for his own gain in 1922, secretly granting exclusive rights to the Teapot Dome reserve in Wyoming to the Mammoth Oil Company in exchange for cash and no interest "loans." He granted rights to the Elk Hills and Buena Vista Hills reserves in California to the Pan American Petroleum Company in 1921-22 for similar compensation.
    1930 - Birthday of Hanna Holborn Gray, Heidelberg, Germany. As president of the University of Chicago (1978), she became the first woman to head a major coeducational university in the U.S. She had been acting president of Yale University but took the Chicago post while the selection for Yale president was underway. Rumor had it that because she was female, she was not going to be named president. Yale officials deny it and have tried to claim a woman president without actually having had one by counting Gray's tenure as acting president as a regular president.
http://www.medaloffreedom.com/HannaHolbornGray.htm
http://www.teachtime.com/en/wikipedia/h/ha/hanna_holborn_gray.html
    1939 - A west coast hurricane moved onshore south of Los Angeles bringing unprecedented rains along the southern coast of California. Nearly five and a half inches of rain drenched Los Angeles during a 24-hour period. The hurricane caused $2 million damage, mostly to structures along the coast and to crops, and claimed 45 lives at sea. "El Cordonazo" produced 5.66 inches of rain at Los Angeles and 11.6 inches of rain at Mount Wilson, both records for the month of September.
    1940 - The first African-American US Army general was Benjamin Oliver Davis, commanding officer of Harlem's 369th Coast Artillery (National Guard), who was appointed to command a brigade in the 2d Cavalry Division at Fort Riley, KS, with the rank of brigadier general.
    1942 - Singer Helen Reddy birthday, Melbourne, Australia. In the 1970s, she enjoyed international success, especially in the United States, where she placed 15 singles in the Top 40. Six made the Top 10 and three reached No. 1, including her signature hit "I Am Woman." Reddy placed 25 songs on the Billboard Adult Contemporary chart; 15 made the Top 10 and eight reached No. 1, six consecutively. In 1974, at the inaugural American Music Awards, she became the first artist to win the award for Favorite Pop/Rock Female Artist. She was the first Australian to have three No. 1 hits in the same year. In television, she was the first Australian to host her own one-hour weekly primetime variety show on an American network, along with several specials that were seen in more than 40 countries.  http://www.helenreddy.com/
    1942 - BASILONE, JOHN, Medal of Honor
Rank and organization: Sergeant, U.S. Marine Corps. Born: 4 November 1916, Buffalo, N.Y. Accredited to: New Jersey. Other Navy award: Navy Cross. Citation: For extraordinary heroism and conspicuous gallantry in action against enemy Japanese forces, above and beyond the call of duty, while serving with the 1st Battalion, 7th Marines, 1st Marine Division in the Lunga Area. Guadalcanal, Solomon Islands, on 24 and 25 October 1942. While the enemy was hammering at the Marines' defensive positions, Sgt. Basilone, in charge of 2 sections of heavy machineguns, fought valiantly to check the savage and determined assault. In a fierce frontal attack with the Japanese blasting his guns with grenades and mortar fire, one of Sgt. Basilone's sections, with its gun crews, was put out of action, leaving only 2 men able to carry on. Moving an extra gun into position, he placed it in action, then, under continual fire, repaired another and personally manned it, gallantly holding his line until replacements arrived. A little later, with ammunition critically low and the supply lines cut off, Sgt. Basilone, at great risk of his life and in the face of continued enemy attack, battled his way through hostile lines with urgently needed shells for his gunners, thereby contributing in large measure to the virtual annihilation of a Japanese regiment. His great personal valor and courageous initiative were in keeping with the highest traditions of the U.S. Naval Service.
    1944 - CHOATE, CLYDE L., Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company C, 601st Tank Destroyer Battalion. Place and date: Near Bruyeres, France, 25 October 1944. Entered service at: Anna, 111. Born: 28 June 1920, West Frankfurt, 111. G.O. No.: 75, 5 September 1945. Citation: He commanded a tank destroyer near Bruyeres, France, on 25 October 1944. Our infantry occupied a position on a wooded hill when, at dusk, an enemy Mark IV tank and a company of infantry attacked, threatening to overrun the American position and capture a command post 400 yards to the rear. S/Sgt. Choate's tank destroyer, the only weapon available to oppose the German armor, was set afire by 2 hits. Ordering his men to abandon the destroyer, S/Sgt. Choate reached comparative safety. He returned to the burning destroyer to search for comrades possibly trapped in the vehicle risking instant death in an explosion which was imminent and braving enemy fire which ripped his jacket and tore the helmet from his head. Completing the search and seeing the tank and its supporting infantry overrunning our infantry in their shallow foxholes, he secured a bazooka and ran after the tank, dodging from tree to tree and passing through the enemy's loose skirmish line. He fired a rocket from a distance of 20 yards, immobilizing the tank but leaving it able to spray the area with cannon and machinegun fire. Running back to our infantry through vicious fire, he secured another rocket, and, advancing against a hail of machinegun and small-arms fire reached a position 10 yards from the tank. His second shot shattered the turret. With his pistol he killed 2 of the crew as they emerged from the tank; and then running to the crippled Mark IV while enemy infantry sniped at him, he dropped a grenade inside the tank and completed its destruction. With their armor gone, the enemy infantry became disorganized and was driven back. S/Sgt. Choate's great daring in assaulting an enemy tank single-handed, his determination to follow the vehicle after it had passed his position, and his skill and crushing thoroughness in the attack prevented the enemy from capturing a battalion command post and turned a probable defeat into a tactical success.
    1944 - EVANS, ERNEST EDWIN, Medal of Honor
Rank and organization: Commander, U.S. Navy. Born: 13 August 1908, Pawnee, Okla. Accredited to: Oklahoma. Other Navy awards: Navy Cross, Bronze Star Medal. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of the U.S.S. Johnston in action against major units of the enemy Japanese fleet during the battle off Samar on 25 October 1944. The first to lay a smokescreen and to open fire as an enemy task force, vastly superior in number, firepower and armor, rapidly approached. Comdr. Evans gallantly diverted the powerful blasts of hostile guns from the lightly armed and armored carriers under his protection, launching the first torpedo attack when the Johnston came under straddling Japanese shellfire. Undaunted by damage sustained under the terrific volume of fire, he unhesitatingly joined others of his group to provide fire support during subsequent torpedo attacks against the Japanese and, outshooting and outmaneuvering the enemy as he consistently interposed his vessel between the hostile fleet units and our carriers despite the crippling loss of engine power and communications with steering aft, shifted command to the fantail, shouted steering orders through an open hatch to men turning the rudder by hand and battled furiously until the Johnston, burning and shuddering from a mortal blow, lay dead in the water after 3 hours of fierce combat. Seriously wounded early in the engagement, Comdr. Evans, by his indomitable courage and brilliant professional skill, aided materially in turning back the enemy during a critical phase of the action. His valiant fighting spirit throughout this historic battle will venture as an inspiration to all who served with him.
    1949 - Top Hits
“You're Breaking My Heart” - Vic Damone
“That Lucky Old Sun” - Frankie Laine
“Someday” - Vaughn Monroe
“Slipping Around” - Margaret Whiting & Jimmy Wakely
    1950 - U.N. forces approached to within 34 miles of the Yalu River, the Chinese-Manchurian border, as the Chinese Communist Forces launched their First Phase Offensive around this date. UNC intelligence agencies remained ignorant of Chinese intentions and the extent of their commitment to intervening in the war.
    1955 - Birthday of jazz slide trombonist Robin Eubanks, Philadelphia, PA
    1955 - The Tappan Stove Company, Mansfield, OH, introduced at a press conference the first electronic range for consumers. A 220-volt electric current produced microwaves that cooked eggs in 22 seconds, bacon in 90 seconds, frozen broccoli in 4.5 minutes, and a five-pound roast in 30 minutes. The retail price of the range was $1,200. Earlier, in 1952, the first microwave for home use was introduced by Tappan, selling for $1,295. This was the first electric and microwave oven combined as everything for the domestic market was gas operated
    1957 - Top Hits
“Honeycomb” - Jimmie Rodgers
“Jailhouse Rock” - Elvis Presley
“Hula Love” - Buddy Knox
“Wake Up Little Susie” - The Everly Brothers.
    1959 - Mob assassins shoot Little Augie Carfano to death in New York City on Meyer Lansky's orders. Lansky, one of the few organized crime figures who managed to survive at the top for several decades, was estimated to have accumulated as much as $300,000,000 in ill-gotten gains by the 1970s. In June 1947, Lansky ordered the death of his old friend Bugsy Siegel in Beverly Hills, California. Siegel, who had been sent to the West Coast in order to establish a new mob presence, came up with the idea of building The Flamingo, Las Vegas' first major casino. Although built with mob money, Siegel refused to pay back the loan. When Lansky ordered the murder of Augie Carfano 12 years later, Carfano had been intruding on Lansky's gambling interests in Florida and Cuba. His death eliminated all competition and opened up emerging markets for Lansky in South America. During the 1960s and 1970s, Lansky made a special effort to stay out of the public eye and was fairly successful. He died in 1983.
    1960 - A 17-year-old art student named Keith Richards runs into his old schoolmate, an economics student named Mick Jagger, at a train station in London. Richards notices the R&B albums under Jagger's arm, and before long the two form their first group -- Little Boy Blue and the Blue Boys.
    1960 - Martin Luther King, Jr. jailed in Decatur, Georgia. Held over on old traffic ticket charges, denied bail and sentenced to four months hard labor
http://nobelprize.org/peace/laureates/1964/king-bio.html
    1960 - The Accutron, the world's first electronic watch, went on sale. The watch, produced by Bulova Watch Company in Jackson Heights, New York, used transistorized electronic circuits and a miniature power cell, instead of a spring and gears, to move the watch's hands.
    1962 - American author John Steinbeck awarded Nobel Prize in literature
http://www.educeth.ch/english/readinglist/steinbeckj/
http://www.steinbeck.org/MainFrame.html
http://almaz.com/nobel/literature/1962a.html
http://donswa.home.pipeline.com/writers.steinbeck.html
http://www.sjsu.edu/depts/steinbec/chron.html
    1962 - Aerial photos of offensive missile bases in Cuba were displayed to the UN by Ambassador Adlai Stevenson. He demands USSR Ambassador Zorin to answer regarding Cuban missile bases saying "I am prepared to wait for my answer until hell freezes over" The next day the U.S. Navy boarded and searched a Soviet-chartered freighter enroute to Havana.
    1963 - Peter, Paul and Mary's LP “Peter, Paul and Mary” hits #1
    1964 - In a game between the Minnesota Vikings and the San Francisco 49ers, Minnesota defensive end Jim Marshall picked up a fumble by 49er quarterback Billy Kilmer and ran 66 years into the wrong end zone. His gaffe resulted in a safety, 2 points for San Francisco, but the Vikings still prevailed, 27-22.
    1964 - The Rolling Stones make their US television debut when they appear on CBS's “The Ed Sullivan Show.” After screaming fans practically tear the studio seats apart, Sullivan declares to reporters: "I promise you they'll never be back on our show. It took me 17 years to build this up; I'm not going to have it destroyed in a matter of weeks. We won't book any more rock 'n' roll groups. Frankly, I didn't see the group until the day before the broadcast. I was shocked when I saw them." The group returns to the program five times.
    1965 - Top Hits
“Yesterday” - The Beatles
“A Lover's Concerto” - The Toys
“Get Off of My Cloud” - The Rolling Stones
“Hello Vietnam” - Johnny Wright
    1970 - George Blanda replaced Daryle Lamonica, the Oakland Raiders injured quarterback. Blanda tossed three touchdown passes (19, 43 and 44 yards), taking the Raiders to an easy victory over the Pittsburgh Steelers, 31-14. Blanda, at age 43, had a remarkable five-game run. One week later, his 48-yard field goal with three seconds remaining salvaged a 17–17 tie with the Kansas City Chiefs. On November 8, Blanda once again came off the bench to throw a touchdown pass to tie the Cleveland Browns with 1:34 remaining, then kicked a 53-yard field goal with 0:03 left for the 23–20 win. In the team's next game, Blanda replaced Lamonica in the fourth quarter and connected with Fred Biletnikoff on a touchdown pass with 2:28 left in the game to defeat the Denver Broncos, 24–19. The streak concluded one week later when Blanda's 16-yard field goal in the closing seconds defeated the San Diego Chargers, 20–17. In the AFC title game against the Baltimore Colts, Blanda again relieved an injured Lamonica, completing 17 of 32 passes for 217 yards and 2 touchdowns while also kicking a 48-yard field goal and two extra points, keeping the Raiders in the game until the final quarter, when he was intercepted twice. He became the oldest quarterback ever to play in a championship game.
    1970 - Led Zeppelin's third album, "Led Zeppelin III," reached the top of the US album chart. Their first L.P. had hit number 10 and their second had gone to number 7.
    1971 - "The Allman Brothers Band Live at the Fillmore East" goes gold just four days before leader Duane Allman loses his life in a motorcycle accident.
    1972 - The first women to became FBI agents completed training at Quantico, VA. The new agents, Susan Lynn Roley and Joanne E. Pierce, graduated from the 14-week course with a group of 45 men.
    1973 - Top Hits
“Angie” - The Rolling Stones
“Midnight Train to Georgia” - Gladys Knight & The Pips
“Keep on Truckin'” - Eddie Kendricks
“Ridin' My Thumb to Mexico” - Johnny Rodriguez
    1978 – The San Diego Padres’ Gaylord Perry became the first player to win the Cy Young Award in both leagues. He won in the American League in 1972 with the Cleveland Indians.
    1980 - Barbra Streisand's "Woman in Love," from the number one album, "Guilty," was the number one song in the U.S. Both the album and the single were #1 for three weeks.
    1981 - In Game 5, Pedro Guerrero and Steve Yeager's back-to-back solo home runs give the Dodgers a 2-1 victory. Three days later, the Dodgers wrapped up the World Series win against the Yankees. After combining for ten division titles and eight World Series appearances between 1974 and 1981, the 1981 World Series marked the end of an era for both teams. The Yankees would not reach the post season again until 1995 and would not win another title until 1996. The Dodgers won division titles in 1983 and 1985, while narrowly missing in 1982. Their success culminated with a world championship in 1988. However, since their 1988 World Series win, the Dodgers have yet to win another World Series
    1981 - Top Hits
“Arthur's Theme” (“Best That You Can Do”) - Christopher Cross
“Start Me Up” - The Rolling Stones
“Step by Step” - Eddie Rabbitt
“Never Been So Loved” (“In All My Life”) - Charley Pride
    1982 - “Newhart” premiered on television. Bob Newhart starred in this sitcom as Dick Loudon, an author of “how-to' books who moved with his wife, Joanna (Mary Frann), to Vermont to take over the Stratford Inn. Regulars included Tom Poston as George Utley, caretaker of the inn, Steven Kampmann as Kirk Devane, the owner of the Minute Man Café, Jennifer Holmes as the maid, Leslie Vanderkellen and Julia Duffy as “princess” Stephanie Vanderkellen, who, through bad luck, had to take on the maid's job. Changes in the third season introduced the characters of Michael Harris (Peter Scolari), producer of Dick's talk show and Stephanie's squeeze, and the new owners of the cafe, Larry (William Sanderson) and his silent brothers, both named Darryl (Tony Papenfuss and John Volstad). The last telecast was Sept 8, 1990.
    1983 - An invasion of Grenada, an island nation in the Caribbean, was launched by U.S. forces a week after a bloody coup by pro-Cuban Marxists. The guerillas murdered Grenada's top leaders. By Nov. 2, the Department of Defense reported the end of the hostilities. U.S. casualties were listed as 18 dead, 115 wounded. The action was taken to restore order and protect the 11,000 US citizens, mostly students, on the island.
    1984 - John Cougar Mellencamp reached the $2 million sales mark with his album, "Uh-Huh." Also, country group Alabama went to the three-million-dollar mark with two albums this day: "Feels So Right" and "Mountain Music."
    1986 - The New York Mets won Game 6 of the World Series, 6-5, in 10 innings, over the Boston Red Sox. The Mets made a dramatic comeback in the last inning, scoring three runs after two were out. Twice down to their last strike, they bunched three singles, a wild pitch and a ground ball by Mookie Wilson that went through the legs of first baseman Bill Buckner to eke out the victory. This event was selected as one of baseball's 30 most memorable moments.
    1986 - New Jersey-based rock band Bon Jovi rose to number one in the U.S. with their "Slippery When Wet" album. It was the number one album for eight -- count 'em -- eight weeks. Track listing: "Let It Rock," "You Give Love a Bad Name," "Livin' on a Prayer," "Social Disease," "Wanted Dead or Alive," "Raise Your Hands," "Without Love," "I'd Die for You," "Never Say Goodbye," "Wild in the Streets."
    1987 - The World Series began in a dome for the first time and the team with the best record at home happened to play in that dome. The St. Louis Cardinals were pounded in the first game, but fought back and forced the series to seven games before the Minnesota Twins could claim the championship -- their first. The franchise's last championship came in 1924 as the Washington Senators.
http://www.sportingnews.com/archives/worldseries/1987.html
    1987 - Hurricane Emily crossed the island of Bermuda during the early morning. Emily, moving northeast at 45 mph, produced wind gusts to 115 mph at Kindley Field. The $35 million damage inflicted by Emily made it the worst hurricane to strike Bermuda since 1948. Parts of Michigan and Wisconsin experienced their first freeze of the autumn. Snow and sleet were reported in the Sheffield and Sutton areas of northeastern Vermont at midday.
    1989 - Top Hits
“Miss You Much” - Janet Jackson
“Love Song” - The Cure
“Sowing the Seeds of Love” - Tears For Fears
“Living Proof” - Ricky Van Shelton
    1989 - Twenty-three cities in the south central U.S. reported record low temperatures for the date, including Topeka, KS with a reading of 33 degrees, and Binghamton, NY with a low of 25 degrees. Showers and thunderstorms in the southeastern U.S. drenched Atlanta, GA with 4.87 inches of rain, their sixth highest total of record for any given day.
    1993 - The Southern California fire season began viciously when fires swept from the celebrity-studded beachfront homes of Malibu to the Mexican border. Blown out of the desert by the fierce Santa Anna winds, the fires destroyed suburban enclaves south of LA at Laguna Beach and northeast of LA at Altadena. As winds died down, firefighters appeared to gain control as the flames reached the Santa Monica Mountains, but the winds roared again, spreading the fire into Malibu—often jumping the Pacific Coast Highway to destroy the beachfront homes of the wealthy celebrities who lived there. Damage from the fires was estimated at more than $1 billion.
    1997 - Johnny Cash reaches over to pick up a dropped guitar pick at today's concert in Flint, MI and falls over on stage. Apologizing, he reveals to the audience that he is in the early stages of Parkinson's Disease. The crowd, thinking Cash is joking, laughs at the comment.
    1998 - For the first time, all of the top five songs of the week were new entries: 1) Cher, "Believe;" 2) George Michael, "Outside;" 3) U2, "Sweetest Thing;" 4) Culture Club, "I Just Wanna Be Loved;" 5) Alanis Morissette, "Thank U."
    2003 - In shutting out the Yankees, 2-0 on the strength of Josh Beckett’s five-hit pitching, the Florida Marlins won their second World Series in seven years. The Yankees had appeared in their sixth Series in eight years and this was the 100th World Series game at Yankee Stadium.
    2010 – Sony took the original cassette Walkman off the market. The original Walkman cassette player, released in 1979, changed music listening habits by allowing people to listen to their music while on the move. This could turn everyday tasks like commuting and running into pleasurable experiences, give commuters a sense of privacy, and add a soundtrack to urban surroundings. Sony's latest attempt to revive the Walkman brand involved a series of music-centered mobile phones marketed under the former Sony Ericsson brand.
    2013 - Upon completion of the nuclear genome of a 24,000-year-old Siberian boy, the data revealed that two-thirds of today's Native Americans come from Eastern Asia and only one-third originated in Western Eurasia.

World Series Champions:
    1987 - Minnesota Twins
    2003 – Florida Marlins

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