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ELFA Wins Nationwide Relief from Section 1071
for Equipment Finance Industry

WASHINGTON, D.C.,– In a major victory for members of the Equipment Leasing and Finance Association and the entire equipment finance industry, today the U.S. District Court for the Southern District of Texas issued a nationwide injunction delaying implementation of Section 1071 for all covered financial institutions. This action is in direct response to the efforts of ELFA and the other parties that intervened in the case in recent months. Functionally this means that the deadlines for compliance with Section 1071 are delayed by approximately 10 months for all ELFA member companies.

In response to the Court Order, ELFA President and CEO Ralph Petta said, “This is a big win for ELFA members and the equipment finance industry as a whole. We applaud the action taken by the court today, which underscores the value of our association’s ongoing efforts to ensure Section 1071 doesn’t make it more burdensome for our members and their customers in the $1 trillion equipment finance industry to do business together.”

Earlier this year the court had issued a partial injunction in response to litigation filed by Rio Bank, the Texas Bankers Association and the American Bankers Association. That initial injunction had, until that point, only covered those three entities. In August ELFA intervened in the lawsuit to ensure that the initial relief provided by the judge would apply equally to all ELFA members.

The action taken by the court today broadens the injunction to delay implementation of Section 1071 for all financial institutions covered by the rule. The delay will last until the Supreme Court issues a decision in a different, but related, case. The Supreme Court decision is expected in the spring/summer timeframe of 2024. This means that compliance will likely now be pushed out approximately 10 months from all the dates published in the original rule.

ELFA has been working for over a decade to improve Section 1071. The association has been proactively engaged in both the legislative and regulatory arenas to defend its members’ interests and reduce the measure’s onerous reporting regulations. Section 1071 is a part of the Dodd-Frank Act, which when implemented by the Consumer Financial Protection Bureau (CFPB) will require commercial finance companies to collect information about credit applicants and report it to the CFPB on an annual basis, along with extensive financial data associated with the application’s disposition, including extensive pricing information.

The “Order Granting Intervenors’ Motions for Preliminary Injunction” is available on the ELFA website at https://www.elfaonline.org/1071.

ELFA will be sharing more information with its members in the coming days and weeks about the implications of this ruling.

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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New Hires/Promotions in the Leasing Business
and Related Industries

Daniel Barker was promoted to Director of Funding, TimePayment , Greater Boston area. He is located in Somerville, Massachusetts. He joined the company July, 2011, Credit Administration. Full Bio: https://www.linkedin.com/in/daniel-barker-51352376/details/experience/
https://www.linkedin.com/in/daniel-barker-51352376/

Erica Howell was hired as Director of Underwriting and Risk, Legend Funding, Miami, Florida. She is located in the Atlanta Metropolitan area. Previously, she was Credit and Portfolio Manager, Merchant (March, 2021 - October, 2023); Vice President of Underwriting, Reliant Funding (February, 2019 - March, 2021); Senior Director of Underwriting and Portfolio Management, Quina (May, 2018 - January, 2019); Director of Credit Operations, CAN Capital (February, 2004 - April, 2018) Full Bio:
https://www.linkedin.com/in/erica-howell-8052a827/details/experience/
https://www.linkedin.com/in/erica-howell-8052a827/

Shane Passarelli was hired as Managing Director, Texas Capital, Los
Angeles, California. Previously, he was Managing Director, Health Capital (July, 2018 - October, 2023); Senior Vice President, Capital One (May, 2012 - July, 2018); Senior Vice President, Healthcare Finance Group (March, 2004 - April, 2012); Vice President, GE Healthcare (2002 - 2004). Full Bio:
https://www.linkedin.com/in/shane-passarelli-b31296/details/experience/
https://www.linkedin.com/in/shane-passarelli-b31296/

Wendi Ruggles was promoted to Associate Manager, Lease Commencement, Stryker, Kalamazoo, Michigan. She began her career at Stryker, July, 1993, Customer Service Representative/Statistical Specialist. Full Bio: https://www.linkedin.com/in/wendi-ruggles-1464bba/details/experience/
https://www.linkedin.com/in/wendi-ruggles-1464bba/

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Business in Commercial Finance Industy
Has Been Good Compared to other Industries
Quarterly Reports Show Business Not down, on Average is Good
By Kit Menkin

Yes, September was a good business month, not down as ELFA Monthly Index reported. One reason is the month doesn’t jibe with the Leasing News quarterly report, which shows the real trend.

(Chart: Leasing News)

Especially compared to the ELFA version:

(Chart: ELFA)

The point is the monthly chart is not as important as the quarterly report in the commercial finance industry. The difference is: while September was down 4 percent, the last quarter was pretty good and steady. The trend is the most important.

I learned of the value to rely on keeping sales records. I was Chamber of Commerce manager and went to special training. I passed this on toe retailers and other businesses who kept sales records. Many had charts on the wall in the lunch room or office storage area.

In my trips I saw different charts: some daily, weekly, monthly and then quarterly. It depended on their business. The retailers really went over the daily chart with employees. What I learned was what the entire group thought were the most important: The Quarterly chart.

Weather, holidays, and new products were always important, as well as advertising. But what they relied to give them the overall performance was the quarterly reports, then how they compared.
That gave them the trend as well as the time to do something about

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Leasing and Finance Industry Help Wanted

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Introducing ELFA New Board Chair
and Board of Directors

Rob Boyer, CLFP, President, First Commonwealth Equipment Finance, is the new ELFA Board Chair.

James Cress, Vice President & General Manager, Stryker Flex Financial, is now Chair-Elect.

The Chair-Elect and new Board members were recommended by ELFA’s Nominating Committee and approved by a vote of the general membership

2024 ELFA Board of Directors
The newly elected members of the ELFA Board of Directors include:

Jeffry Elliott, CLFP, President, Huntington Equipment Finance

Katie Emmel, COO, Solifi

Randy Haug, Executive Vice President, Vice Chairman & Co-Founder, LTi Technology Solutions

Mathew Iacobucci, SVP - Head of Bank Markets, U.S. Bank

Christopher Johnson, SVP & President, Pitney Bowes Global Financial Services

Michelle Speranza, CLFP, SVP, Chief Marketing Officer, LEAF Commercial Capital Inc.

Stephen White, Executive Vice President, Stonebriar Commercial Finance

The following individuals were elected by the membership to serve as ELFA Vice Chairs: Deborah Baker, Head of Worldwide Leasing and Financing, HP Inc. and Nathan Gibbons, CLFP, Chief Experience Officer, QuickFi by Innovation Finance USA LLC.

RJ Grimshaw will serve as Treasurer.

Ed Rosen, ELFA’s Director of Governance, will serve as Secretary.

Bob Neagle, President and CEO of Finova Capital, LLC, is Immediate Past Chair.

Other members of the Board are:

Jon Biorkman, Head, BMO Equipment Finance, BMO

Kathleen Canum, Senior Vice President, Administration, Canon Financial Services, Inc.

Debra Devassy Babu, Shareholder, Darcy & Devassy PC

David Drury, Head of Commercial Specialty Lending, Fifth Third Bank, National Association

Brian Eschmann, CLFP, President, Northland Capital Equipment Finance

Eric Gross, COO, Dext Capital

Michael Jones, President, Equipment Finance, First Citizens Bank Equipment Finance

Brad Peterson, CEO, Channel

Kirk Phillips, President & CEO, Wintrust Commercial Finance

Michael Romanowski, CoBank Enterprise Leader, Cash Management, Farm Credit Leasing

Jayma Sandquist, Chief Marketing Officer, SVP JDF US & CA, John Deere Financial

Nick Small, VP, Finance Shared Services, Cisco Systems Capital Corporation

Robert Wax, Co-President, Kingsbury Wax Bova

Bruce Winter, CLFP, President, FSG Capital, Inc.

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NEFA Thanks Outgoing Board Members
and Welcomes New Board Members plus President

Robert Hornby, Esq.

The new NEFA National Board President is Robert Hornby, Esq. of CSG Law. As part of this transition, Adam Peterson of CHANNEL, who served as the NEFA Board President, will take on the role of Immediate Past President. NEFA expresses its heartfelt thanks to Adam for his exceptional leadership, hard work, and dedication to the organization during his tenure as President. His contributions have been invaluable in driving NEFA's mission forward.

The National Equipment Finance Association (NEFA) is proud to express its deep gratitude to two outgoing members of the Board of Directors, Shawn Smith of Dedicated Financial GBC and Jim Jackson of The Alta Group, for their outstanding service and dedication to the organization. NEFA also extends a warm welcome to the incoming board members, Drew Olynick of Taycor and Jaimie Haver of Happy Manufacturing, Inc.

The entire NEFA community looks forward to the fresh energy and ideas that Drew Olynick and Jaimie Haver will bring to the board, under the capable leadership of Robert Hornby.

Immediate Past President, Adam Peterson,
Vice President, Paul Fogle,
Treasurer, Kim King,
Secretary, Shervin Rashti,
and Board Members:
Don Cozenza,
Ron Elwood,
Scott Forrest,
Beth McLean,
Kayla Perlinger,
Robert Rinaldi.

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GATX Corporation Reports 2023 Third-Quarter Results
"To modestly exceed the high end 2023 full-year earnings"

Rail North America’s fleet utilization remained high at 99.3%; Lease Price Index (LPI) at positive 33.4%
Aircraft spare engine portfolio benefiting from global air travel recovery
Investment volume over $1.2 billion for the first nine months of 2023

Chicago---GATX Corporation (NYSE: GATX) today reported 2023 third-quarter net income of $52.5 million.Net income for the first nine months of 2023 was $193.2 million, or $5.30 per diluted share, compared to $107.5 million, or $2.99 per diluted share, in the prior year period.

Robert C. Lyons, President and Chief Executive Officer of GATX stated, "Consistent with our initial outlook, the railcar leasing environment in North America remains robust

"Rail North America’s fleet utilization was 99.3% at the end of the third quarter and our renewal success rate was 83.6%. The renewal lease rate change of GATX’s Lease Price Index was positive 33.4% for the quarter, with an average renewal term of 65 months, as we continue to lengthen lease terms on many car types, thereby locking in attractive long-term cash flow.

"Rail International produced solid operating results and added a combined total of over 1,400 newly built railcars to its fleets in Europe and India. In addition, Rail Europe continued to experience higher renewal lease rates compared to expiring rates for the majority of car types in its fleet. In Portfolio Management, results were driven by strong performance at the Rolls-Royce and Partners Finance affiliates, as demand for international air passenger travel continues to strengthen."

Mr. Lyons added, "We continued to execute our strategy of pursuing attractively priced growth opportunities across our global businesses. Investment volume was over $360 million in the quarter and over $1.2 billion year to date."

Mr. Lyons concluded, “Based on year-to-date performance and our outlook for the remainder of the year, we expect our 2023 full-year earnings to modestly exceed the high end of our previously announced guidance range of $6.50–$6.90 per diluted share. This guidance excludes any impact from Tax Adjustments and Other Items.”

Full Press Release:
https://ir.gatx.com/press-releases/press-release-details/2023/GATX-Corporation-Reports-2023-Third-Quarter-Results/default.aspx

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Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

Special Halloween Edition, Part Three

In the third part of our seasonal frightfest, we conclude with another batch of choice Halloween releases, ranging from the horrific to the hilarious. So enjoy your very own cinematic night of tricks and treats!

Doctor X (1932): Though best known for “Casablanca,” director Michael Curtiz made a pair of marvelously perverse early ‘30s chillers: “Mystery of the Wax Museum” and this unofficial companion piece, both filmed in a striking early version of Technicolor. The plot follows a wave of murders that has been terrorizing New York City, each death taking place under a full moon. The titular medic is one Doctor Xavier (Lionel Atwill), a scientist brought in by the police and also one of the suspects in the investigation. Tagging along are Xavier’s lovely daughter Joanne (Fay Wray) and Taylor (Lee Tracy), a tabloid reporter determined to get the scoop on the case, even if it means sneaking into creepy labs at night. The results are half wacky and half blood-curdling, and wholly enjoyable.

Horror Express (1972): English fright icons Christopher Lee and Peter Cushing team up for this tight, unfairly overlooked chiller, which unfolds mainly in the claustrophobic spaces of a luxurious Tran-Siberian train in the early 1900s. Lee plays Saxton, an anthropologist whose latest expedition discovers a prehistoric creature frozen in ice. The fossil is crated for travel, yet the trip is pockmarked with enigmatic deaths. Along for the ride is an obsessed monk, an international spy, and the inquisitive Dr. Wells (Cushing), who goes from being Saxton’s rival to his ally. What begins as a mystery gradually grows into something far deadlier as the express barrels through icy expanses. Excellently directed by Eugenio Martin, this mix of British and Spanish terror switches genres as deftly as its monster switches bodies.

Prince of Darkness (1987): Deservedly revered for such classics as “Halloween” and “The Thing,” John Carpenter nevertheless has plenty of underrated titles in his oeuvre—case in point, this splendidly moody and gruesome tale about the end of the world. When a priest (Donald Pleasence) finds a container of mysterious green liquid in the cellar of a Los Angeles church, he calls a group of scientists for help. Led by Professor Birak (Victor Wong), they discover that the substance has demonic connections, and it begins invading the building as well as their dreams. As the characters fall prey to the evil around them, Catherine (Lisa Blount) must close the portal between dimensions before time runs out. Brimming with memorable imagery, Carpenter’s metaphysical horror builds steadily toward an indelibly unsettling vision.

Tales from the Crypt: Demon Knight (1995): A late-night cable favorite, HBO’s “Tales from the Crypt” series transitioned to the big screen in the ‘90s for a string of feature films. Easily the best of them is this highly enjoyable blend of gore and humor, sturdily directed by seasoned cinematographer Ernest Dickerson. The story hinges on an ancient chase between good and evil, presently embodied by former soldier Frank (William Sadler) and a charming stranger known as The Collector (a movie-stealing Billy Zane). Stopping at a New Mexico boarding house, Frank must protect a key from The Collector’s army of ghoul with help from the feisty Jeryline (Jada Pinkett Smith). Introduced by the cackling, punning Crypt Keeper, the film is inventive, well-cast, and darkly rollicking. A grisly delight.

Shaun of the Dead (2004): Fright and fun blend perfectly in this cheeky and exuberant horror-comedy favorite, from director Edgar Wright (“Scott Pilgrim vs. the World”). The eponymous Shaun (Simon Pegg) is a London slacker who has a dead-end job and a girlfriend (Kate Ashfield) who wishes he’d grow up and take control of his life. A chance comes for him to prove his maturity when a plague of zombies suddenly takes over the city, turning Shaun and his slobbish roommate Ed (Nick Frost) into a pair of unlikely heroes. Using George Romero’s ghoulish classics as a template for a simultaneously bloody and hilarious snapshot of British youngsters in the new millennium, Wright’s cult favorite is a parody done with vitality, invention, and a palpable affection for its gruesome forefathers.

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This Day in History

     1659 - William Robinson and Marmadue Stevenson, English Quakers who had come to America in 1656, were executed for their religious beliefs, hanged from an elm tree on Boston Common, Boston MA. They were condemned by the Massachusetts General Court under a law passed on October 19, 1658 that banished Quakers from the colony under pain of death. Also condemned, but reprieved at the last moment, was Mary Dyer, who returned to Boston the following year and was hanged on June 1, 1660.
    1771 - Landing at Philadelphia, pioneer bishop Francis Asbury, 26, first arrived in America. He had been sent from England by John Wesley to oversee Methodism in the American colonies and stayed all of his remaining 45 years until his death in 1816.
http://www.cantonbaptist.org/halloffame/asbury.htm
http://www.victorshepherd.on.ca/Heritage/francis.htm
    1787 - The first of the 85 "Federalist" papers appeared in print in a New York City newspaper. These essays, written by Alexander Hamilton, James Madison and John Jay, argued in favor of adoption of the new Constitution and the new form of federal government. The last of the essays was completed Apr 4, 1788.
http://memory.loc.gov/ammem/today/oct27.html
    1795 - Pinckney's Treaty between Spain and the United States was signed. It established the former southern boundary of the United States at the 31st parallel and gave Americans the right to send goods down the Mississippi without paying duty to Spain.
    1810 - US annexes West Florida from Spain. The West Florida Controversy included two border disputes between Spain and the US in relation to the region known as West Florida over a period of 37 years. The first dispute commenced immediately after Spain received the colonies of West and East Florida from Great Britain following the Revolutionary War. Initial disagreements were settled with Pinckney’s Treaty of 1795. The second dispute arose following the Louisiana Purchase in 1803. The controversy led to the secession of part of West Florida, known as the Republic of West Florida from Spanish control in 1810, and its subsequent annexation by the United States. In 1819, the United States and Spain negotiated the Adams-Otis Treaty, in which the United States purchased the remainder of Florida from Spain. The treaty was ratified in 1821.
    1811 - Isaac Merrit Singer (d. 1875) was born in Pittstown, NY. He made important improvements in the design of the sewing machine and was the founder of the Singer Sewing Machine Company. Many had patented sewing machines before Singer, but his success was based on the practicality of his machine, the ease with which it could be adapted to home use, and its availability on an installment payment basis.
    1812 - The first naval vessel to display the American flag around Cape Horn was the Essex, a frigate commanded by Captain David Porte which left the Delaware capes with a crew of 287 and 32 marines, and arrived at Valparasio, Chile, on March 14, 1813. The ship had been launched on September 30, 1799, by Enos Briggs, Salem, MA. The flag was presented to the United States and on December 17, 1799, accepted by Captain Edward Preble (my son Dash serves on the ship named after this American hero.) The flag was sold at public auction on June 6, 1837, according to naval records.
    1858 - Birthday of Theodore Roosevelt (d. 1919), New York City. Twenty-sixth president of the US, succeeded to the presidency on the assassination of William McKinley. His term of office: Sept 14, 1901-Mar 3, 1909. Roosevelt was the first president to ride in an automobile (1902), to submerge in a submarine (1905) and to fly in an airplane (1910). Although his best-remembered quote was perhaps, "Speak softly and carry a big stick," he also said: "The first requisite of a good citizen in this Republic of ours is that he shall be able and willing to pull his weight." His last words: "Put out the light."
    1858 - RH Macy and Co opens first store, at 6th Ave in NYC. Gross receipts: $1106.
http://www.federated-fds.com/company/his_2_7.asp
http://www.haverhillusa.com/whereishaverhill.html
http://www.nycvisit.com/content/index.cfm?pagePkey=803
http://ads.smni.com/RequestImpression.aspx?po=1525499422
    1862 - In an attempt to reinforce and re-supply the besieged Union troops at Chattanooga, TN, General Ulysses S. Grant ordered that a river route to Bridgeport, AL be opened. In the early morning of Oct 27, Federal troops drifted down the Tennessee River on pontoons to Brown's Ferry. The troops reached their destination, and reinforcements and supplies crossed the bridge formed by the pontoons, opening "The Cracker Line," into Chattanooga, negating some of the Southern army's advantage in the siege. It was a very important battle as the Union Army had been living on hard tack, or what they were known in those days as “crackers” and this opened the supply lines to feed the troops and allowed them to continue their campaign.
http://ngeorgia.com/history/crackerline.html
http://www.civilwarhome.com/crackerline.htm
    1865 - It is estimated 65,000 Blacks served in the Confederate army, with an estimated 13,000 actually facing the Union Army in combat.
http://www.37thtexas.org/html/BlkHist.html
    1867 - Maimonides College, Philadelphia, PA became the first theological college for Jews. It was sponsored by the Hebrew Education Society of Philadelphia and the Board of Delegates of American Israelites. The founder and first president was Rabbi Isaac Leeser, who also served as professor of homiletics, belles letters, and comparative theology. It offered a five-year course leading to the Bachelor's and Doctor of Divinity degrees. Tuition was $100 and board and lodging $200 per year. Dr. Marcus Jastrow was provost. The college closed in 1873.
    1871 - Boss William Magear Tweed, Democratic leader of Tammany Hall, arrested after The New York Times exposed his corruption. Tammany Hall was the Democratic Party political machine that played a major role in the politics of 19th century New York City and state. At the height of his influence, Tweed was the third-largest landowner in New York City, a director of the Erie Railroad, a director of the Tenth National bank, a director of the New-York Printing Company, the proprietor of the Metropolitan Hotel, a significant stockholder in iron mines and gas companies, a board member of the Harlem Gas Light Company, a board member of the Third Avenue Railway Company, a board member of the Brooklyn Bridge Company, and the president of the Guardian Savings Bank. Tweed was elected to the House in 1852 and the NYC Board of Supervisors, the year that he became the head of the Tammany Hall political machine. He was also elected to the New York Senate in 1867, but Tweed's greatest influence came from being an appointed member of several boards and commissions, his control over political patronage in New York City through Tammany, and his ability to ensure the loyalty of voters through jobs he could create and dispense on city-related projects. Tweed was convicted for stealing an amount estimated by an aldermen's committee in 1877 at between $25 million and $45 million from New York City taxpayers from political corruption but later estimates ranged as high as $200 million. Unable to make bail, he escaped from jail once but was returned to custody. He died in the Ludlow Street Jail in 1878.
http://7-12educators.about.com/blabosstweed.htm
http://www.smithsonianmag.si.edu/smithsonian/issues02/feb02/boss.html
    1872 – Emily Post (d. 1960) was born in Baltimore, MD. She was famous for writing about etiquette. She published her first etiquette book, “Etiquette in Society, in Business, in Politics, and at Home” (1922, frequently referenced as Etiquette) when she was 50. It became a best-seller, with updated versions continuing to be popular for decades, and it made her career.
    1878 - Mabel Wheeler Daniels (d. 1971) was born in Swampscott, Massachusetts. She graduated from Radcliffe College, magna cum laude, in 1900. She studied composition with George Chadwick of Boston, and with Ludwig Thuille in Munich, where she was the first woman ever to enroll in the conservatory's score reading class. She wrote a lively memoir of her studies abroad, “An American Girl in Munich” (Boston: Little, Brown and Co., 1905), and was director of music at Simmons College from 1913 to 1918. Her larger choral and orchestral works were performed by the Harvard Glee Club and the Radcliffe Choral Society with the Boston Symphony, at the Worcester Festival, and by orchestras and choruses throughout the United States. American composer, specialized in choral music, the only American composer played at the Carnegie Hall Festival in 1939, the only woman to have three works played by the Boston Symphony 1929, 1934, and 1954.
http://www.harvardsquarelibrary.org/unitarians/daniels.html
    1904 - Running from City Hall to West 145th Street, the New York City subway began operation. It was privately operated by the Interborough Rapid Transit Company and later became part of the system operated by the New York City Transit Authority.
(second part: http://memory.loc.gov/ammem/today/oct27.html )
    1909 - Blues guitarist/pianist, Henry Townsend (d. 2006) born Shelby, MS.
http://www.stlouiswalkoffame.org/inductees/henry-townsend.html
http://www.genesiscoffeehouse.com/celebrities/TU/HenryTownsend/
http://centerstage.net/music/whoswho/HenryTownsend.html
http://stl-music.com/henrytownsend/bindex.htm
    1913 - Last great bandleader of the era: Boyd Raeburn (d. 1966) born Faith, SD.
http://www.hepjazz.com/bios/boydr.html
http://www.musicweb.uk.net/encyclopaedia/r/R4.HTM
http://artists.spun.com/boyd_raeburn
http://launch.yahoo.com/artist/?artistID=1021919
http://www.pricegrabber.com/search_music2.php/music_id=381807/
ut=0cea047573c75653
    1917 - Jascha Heifetz made his debut at Carnegie Hall in New York City. Heifetz was a 16-year-old sensation who had played the violin since age 5.
    1918 - *PERKINS, MICHAEL J., Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company D, 101st Infantry, 26th Division. Place and date: At Belieu Bois, France, 27 October 1918. Entered service at: Boston, Mass. Birth: Boston, Mass. G.O. No.: 34, W.D. 1919. Citation: He, voluntarily and alone, crawled to a German "pill box" machinegun emplacement, from which grenades were being thrown at his platoon. Awaiting his opportunity, when the door was again opened and another grenade thrown, he threw a bomb inside, bursting the door open, and then, drawing his trench knife, rushed into the emplacement. In a hand-to-hand struggle, he killed or wounded several of the occupants and captured about 25 prisoners, at the same time silencing 7 machineguns.
    1920 - Westinghouse received a license to broadcast its radio station. While Marconi, Fessenden, and De Forest were the pioneers of this medium, it was an engineer for Westinghouse Electric who, in 1916, was broadcasting music from his garage (in Wilkinsburg, PA, a suburb of Pittsburgh) over a wireless -- amateur radio station 8XK -- that really got the whole thing started. A newspaper article about the broadcasts caused such interest that the head honchos at Westinghouse decided to build a real radio station. It took until this day in 1920 for the Westinghouse radio station to receive a license to broadcast. The license for KDKA, Pittsburgh, came from the U.S. Department of Commerce. KDKA did not start their broadcast operations for a week (they had to wait until the license was posted in the station). On November 2, 1920, the station aired the returns of the Harding/Cox election ... the first radio programming to reach an audience of any size ... approximately 1,000 people. We salute this day as the official birthday of mass appeal radio.
    1922 - Navy Day was first celebrated, the anniversary of the birth of President Roosevelt. Celebrations were held in various parts of the United States. The idea was suggested by Mrs. William Hamilton to the Secretary of the Navy.
http://www.defenselink.mil/afd/military/navy.html
    1923 - Roy Lichtenstein (d. 1997) was born at New York City. Pop artist who used comic strips and other elements of pop culture in his paintings. http://www.spaz.org/gage/pages/roy%20lichenstien.html
http://www.artcyclopedia.com/artists/lichtenstein_roy.html
    1927 - Bix Biederbecke and Frankie Trumbauer join the Paul Whiteman Band in Indianapolis, IN.
    1932 - Only days after the debut of the short-lived 1932 musical, “Americana,” Bing Crosby was in a NY studio to record the show's outstanding song, "Brother, Can You Spare A Dime?" Two days later, rival crooner Rudy Vallee waxed his version and both 1932 recordings enjoyed considerable popularity in a year when few Americans were buying records.
    1932 - American poet Sylvia Plath (d. 1963) was born in Boston.
http://www.kirjasto.sci.fi/splath.htm
    1944 - October 27-30, 1944: The 442nd Regimental Combat Team (mostly Japanese-Americans from Hawaii) rescues an American battalion which had been cut off and surrounded by the enemy. Eight hundred casualties are suffered to rescue 211 men at Biffontaine against the German Army. After this rescue, the 442nd is ordered to keep advancing in the forest; they would push ahead without relief or rest until November 9. The Unit was the most decorated in US military history. The 4,000 men, who initially made up the unit in April, 1943 had to be replaced nearly 2.5 times. In total, about 14,000 men served, earning 9,486 Purple Hearts. The unit was awarded eight Presidential Unit Citations (five earned in one month). Twenty-one of its members were awarded Medals of Honor. http://library.thinkquest.org/CR0210341/442nd/splash442nd.htm
http://www.katonk.com/442nd/Bibli/morefacts.htm
http://www.homeofheroes.com/moh/nisei/index3_442nd.html
    1944 - COOLIDGE, CHARLES H., Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, Company M, 141st Infantry, 36th Infantry Division. Place and date: East of Belmont sur Buttant, France, 2427 October 1944. Entered service at: Signal Mountain, Tenn. Birth: Signal Mountain, Tenn. G.O. No.: 53, July 1945. Citation: Leading a section of heavy machineguns supported by 1 platoon of Company K, he took a position near Hill 623, east of Belmont sur Buttant, France, on 24 October 1944, with the mission of covering the right flank of the 3d Battalion and supporting its action. T/Sgt. Coolidge went forward with a sergeant of Company K to reconnoiter positions for coordinating the fires of the light and heavy machineguns. They ran into an enemy force in the woods estimated to be an infantry company. T/Sgt. Coolidge, attempting to bluff the Germans by a show of assurance and boldness called upon them to surrender, whereupon the enemy opened fire. With his carbine, T/Sgt. Coolidge wounded 2 of them. There being no officer present with the force, T/Sgt. Coolidge at once assumed command. Many of the men were replacements recently arrived; this was their first experience under fire. T/Sgt. Coolidge, unmindful of the enemy fire delivered at close range, walked along the position, calming and encouraging his men and directing their fire. The attack was thrown back. Through 25 and 26 October the enemy launched repeated attacks against the position of this combat group but each was repulsed due to T/Sgt. Coolidge's able leadership. On 27 October, German infantry, supported by 2 tanks, made a determined attack on the position. The area was swept by enemy small arms, machinegun, and tank fire. T/Sgt. Coolidge armed himself with a bazooka and advanced to within 25 yards of the tanks. His bazooka failed to function and he threw it aside. Securing all the hand grenades he could carry, he crawled forward and inflicted heavy casualties on the advancing enemy. Finally it became apparent that the enemy, in greatly superior force, supported by tanks, would overrun the position. T/Sgt. Coolidge, displaying great coolness and courage, directed and conducted an orderly withdrawal, being himself the last to leave the position. As a result of T/Sgt. Coolidge's heroic and superior leadership, the mission of this combat group was accomplished throughout 4 days of continuous fighting against numerically superior enemy troops in rain and cold and amid dense woods.
    1947 - On ABC radio, Groucho Marx made his first appearance as quizmaster on "You Bet Your Life" with George Fenneman as his eternal straight man. Fenneman stayed with Marx during both the program's run on radio from 1948 to 1959 and on television from 1950 to 1961. The show is enjoying a revival with Jay Leno and Kevin Eubanks.
    1951 - Top Hits
“Because of You” - Tony Bennett
“I Get Ideas” - Tony Martin
“The World is Waiting for the Sunrise” - Les Paul and Mary Ford
“Always Late (With Your Kisses)” - Lefty Frizzell
    1954 - “The Walt Disney Show” premiered on TV. This highly successful and long-running show appeared on different networks under different names but was essentially the same show. It was the first ABC series to break the Nielsen's Top Twenty and the first prime-time anthology series for kids. "Walt Disney" was originally titled "Disneyland" to promote the park and upcoming Disney releases. Later the title was changed to "Walt Disney Presents." When it switched networks, it was called "Walt Disney's Wonderful World of Color" to highlight its being broadcast in color. Later titles included "The Wonderful World of Disney," "Disney's Wonderful World," "The Disney Sunday Movie" and "The Magical World of Disney." Presentations included edited versions of previously released Disney films and original productions (including natural history documentaries, behind-the-scenes at Disney shows and dramatic shows, including the popular Davy Crockett segments that were the first TV.
    1954 - Benjamin Oliver, Davis, Jr., of Washington, DC, a pioneering military officer who was the leader of the fabled Tuskegee Airmen during World War II, who became director of operations and training of the Far East Air Force, was named brigadier general, becoming the first African-American US Air Force general. In 1970, after retiring from the Air Force, he supervised the federal sky marshal program that was designed to quell a rash of airliner hijackings. In 1971, he was named an assistant secretary of transportation. At the time he left the Air Force as a Lieutenant General, wearing three stars, he was the senior black officer in the armed forces. In 1998, President Bill Clinton awarded General Davis his fourth star, advancing him to full general. He was the son of Brigadier General Benjamin Oliver Davis of the US Army. Died July 4, 2002
http://www.hill.af.mil/museum/history/bodavis.htm
http://www.army.mil/cmh-pg/topics/afam/davis.htm
http://www.arlingtoncemetery.net/bodavisjr.htm
    1955 - Miles Davis Quintet cuts first session.
    1955 - An R&B group called The Famous Flames, led by singer James Brown, cut their first demo of "Please, Please, Please" at a radio station in Macon Georgia. It will lead to their signing with King Records.
  1956 - Clarence Henry's "Ain't Got No Home" is released by Argo Records. Because he sings like a frog on the record, further releases would be credited to Clarence "Frogman" Henry. This is one of my favorite songs from the 1950's that we used to sing all the time.
    1957 - Police in Oakland, CA inform Elvis Presley that he is not allowed to swivel his hips onstage in tonight's performance at the Oakland Auditorium; Elvis responds by sarcastically wiggling only his little finger while singing. The cops film the show anyway, just in case.
    1959 - Top Hits
“Mack the Knife” - Bobby Darin
“Mr. Blue” - The Fleetwoods
“Don't You Know” - Della Reese
“The Three Bells” - The Browns
    1960 - Ben E. King was at Atlantic Records, laying down his first solo efforts since leaving The Drifters. During the session, King recorded "Spanish Harlem" which would reach #10 in the US and "Stand By Me" which would go to #4.
    1962 - The Rolling Stones, consisting of Keith Richard, Mick Jagger, Brian Jones, pianist Ian Stewart and drummer Tony Chapman record their first demo tape at Curly Clayton Studios in Highbury, London. Although Charlie Watts is being courted, he chooses to remain at his Regent Street advertising job.
    1962 - An early season winter storm over New England blanketed northern Maine with 7 to 16 inches of snow, and southeastern New England with up to 3 inches of snow. Worcester, MA received a record 4.7 inches of snow.
1963 - Peter, Paul and Mary, the folk singing trio who along with Joan Baez, have introduced songwriters like Bob Dylan to mainstream audiences, hold the top two positions on the pop album chart with "In the Wind" and "Don't Think Twice, It's Alright.
    1964 – 31-year-old Salvatore Philip Bono marries 18-year-old Cherilyn Sarkisian La Piere. For a time, they performed together as Caesar and Cleo before changing the name of their act to Sonny and Cher. Their union lasted 12 years.
    1966 - New San Francisco "alternative" weekly newspaper, "The Guardian," debuts. Edited and published by Bruce Brugman and his wife, Jean Dibble. Editors at the Chronicle, Examiner and News-Call-Bulletin give it little chance for survival, Guess what? It still publishes. The paper was shut down on October 14, 2014. It was relaunched in February 2016 as an online publication as the Bay Guardian.
http://www.sfbg.com/
    1967 - Top Hits
“To Sir with Love” - Lulu
“How Can I Be Sure” - The Young Rascals
“Expressway to Your Heart” - Soul Survivors
“I Don't Wanna Play House” - Tammy Wynette
    1973 - Although they enjoyed a long string of hit records, Gladys Knight and The Pips had their only US number one song when "Midnight Train to Georgia" hit the top.
    1975 - Top Hits
“Bad Blood” - Neil Sedaka
“Calypso/I'm Sorry” - John Denver
“Miracles” - Jefferson Starship
“San Antonio Stroll” - Tanya Tucker
    1975 - Bruce Springsteen simultaneously makes the cover of Time and Newsweek, a move which reportedly embarrasses the two news weeklies.
http://www.time.com/time/magazine/archive/covers/
0,16641,27-10-1975,00.html
    1983 - Top Hits
“Total Eclipse of the Heart” - Bonnie Tyler
“Islands in the Stream” - Kenny Rogers and Dolly Parton
“All Night Long (All Night)” - Lionel Richie
“Lady Down on Love” – Alabama
    1985 - Kansas City Royals beat the St. Louis Cardinals in Game 7 to win the World Series.
http://mlb.mlb.com/NASApp/mlb/mlb/history/postseason/
mlb_ws_recaps.jsp?feature=1985
    1986 - The "Mighty" New York Mets became world champions of baseball again when they defeated the Boston Red Sox in game seven of the World Series, 8-5.
http://mlb.mlb.com/NASApp/mlb/mlb/history/postseason/
mlb_ws_recaps.jsp?feature=19865.
    1989 - After a ten-day delay due to the earthquake, the World Series resumes with the A's beating the Giants in Game 3, 13-7. Oakland used the long ball, hitting five HRs in securing the victory.
    1989 - Wintry weather invaded the northwestern U.S. A storm crossing the Central Rockies produced up to 23 inches of snow in the mountains east of Salt Lake City, UT. "Indian Summer" continued in the Lower Ohio Valley and the Upper Great Lakes Region. Afternoon highs of 71 degrees at Marquette, MI and 72 degrees at Sault Ste Marie, MI were records for the date.
    1991 - In what is considered by the experts (Bob and Jim down at the bar), the seventh game of the World Series was one of the greatest ever, Minnesota Twins' pinch-hitter Gene Larkin's tenth-inning bases-loaded single beat the Atlanta Braves 1-0. Twins starter Jack Morris, making his third start of the Series, held the Braves to seven hits in what many consider among the greatest game 7 pitching performances in history. The Twins captured their second World Championship in five years during a tight series that included three extra-inning games and five one-run games. And, for only the second time in history, the home team won all seven games (the first time it happened was 1987, a series that also featured the Twins.)
    1991 - Top Hits
“Emotions” - Mariah Carey
“Do Anything” - Natural Selection
“Romantic” - Karyn White
“Anymore” - Travis Tritt
    1992 – Navy radioman Allen R. Schindler was murdered by shipmate Terry M. Helvey for being gay, precipitating debate about gays in the military. This resulted in the United States "don’t ask, don’t tell" military policy.
    1993 - Top Hits
“Dreamlover” - Mariah Carey
“I’d Do Anything For Love (But I Won’t Do That)” - Meat Loaf
“All That She Wants” - Ace Of Base
“Just Kickin It” - Xscape
“The River Of Dreams” - Billy Joel
    1993 - The NFL awarded the 29th franchise to the Carolina Panthers, who began play in the 1995 season.
    1994 - The prison population exceeded 1 million, according to an announcement made by the Justice Department. The increase in prisoners made the United States second in the world to Russia with regard to incarceration rates.
    1995 – The move of the Cleveland Browns to Baltimore was finalized. After threats of legal action from the city of Cleveland and fans, a compromise was reached in early 1996 that allowed Modell to establish the Baltimore Ravens as a new franchise while retaining the contracts of all Browns personnel. The Browns' intellectual property, including team name, logos, training facility, and history, were kept in trust and the franchise was regarded by the NFL as suspended. A new team would be established by 1999 either by expansion or relocation. The Browns were announced as an expansion team in 1998 and resumed play in 1999.
    1998 - Top Hits
“The First Night” - Monica
“One Week” - Barenaked Ladies
“How Deep Is Your Love” - Dru Hill Featuring Redman
“Crush” - Jennifer Paige
    1999 - Roger Clemens pitched the New York Yankees to their second straight World Series sweep, shutting down the Atlanta Braves, 4-1. This ended Clemens' quest for the prize that had eluded him. Clemens and the Yankees shut out Atlanta into the eighth out dueling John Smoltz. Closer Mariano Rivera, who had two saves and a win in the Series, was selected as MVP.
    2000 - New York City Mayor Rudolph Giuliani thinks it is okay for children to take a day off from school to watch the Yankees' ticker-tape parade. His Honor, believing baseball can be an educational experience, has allowed his own kids, Andrew and Caroline, to miss classes in the past to watch the Bronx Bombers' post-season celebrations.
    2002 - In the team's 42nd season, the Angels finally win a World Series title by beating the Giants, 4-1, in Game 7 at Edison Field. Garret Anderson's three-run double provides enough offense for John Lackey to become the first rookie to win a seventh game since 1909 when Babe Adams accomplished the feat for the Pirates.
http://mlb.mlb.com/NASApp/mlb/mlb/ps/y2002/mlb_ws.jsp
    2002 – Dallas Cowboys Hall of Fame RB Emmitt Smith, broke the league’s all-time rushing record of Walter Payton. Smith currently holds the NFL record in career rushing yards with 18,355.
    2002 - Top Hits
“Lose Yourself” - Eminem
“Hey Ma” - Cam'ron Featuring Juelz Santana, Freekey Zekey and Toya
“Work It” - Missy "Misdemeanor" Elliott
“A Moment Like This” - Kelly Clarkson
    2004 – In the 100th World Series, they broke the Curse of the Bambino. The Boston Red Sox won the Series for the first time since 1918, sweeping the St. Louis Cardinals.
    2006 - After leading the Padres to two consecutive NL West titles, Bruce Bochy, with a year left on his contract leaves San Diego, to become the manager of the division rival, San Francisco Giants. The 51-year-old skipper, who compiled a 951-975 (.494) during his 12 seasons in the Friars dugout, signs a three-year deal worth approximately $6 million. Bochy went on to win three World Series with the Giants. Bochy retired after the 2019 season, thus ending the tenure of the longest-serving active manager in Major League Baseball. He is the only manager in Major League history to win at least 900 games with two different teams and finished with a career record of 2003-2029. He is among 12 managers with 2000 wins.
    2008 - After playing in drenching steady rain until the middle of the sixth inning at Citizens Bank Park, Game 5 of the World Series is suspended making it the first Fall Classic contest to start and not be played to completion. The 2-2 tied game between the Rays and hometown Phillies, who are one victory away from a world championship, will resume tomorrow at the point the rain delay stopped play.
    2010 - In a BBC interview, former Soviet leader Mikhail Gorbachev said it was 'impossible' for coalition forces to secure victory in Afghanistan. The US was still there until President Joe Biden withdrew American troops in the summer of 2021, surrendering control of the country to the Taliban.
    2019 – The Booker Prize was awarded jointly to Margaret Atwood for “The Testaments” and Bernadine Evaristo for “Girl, Woman, Other.” Evaristo is the first African American woman to win.
    2020 – A copy of Shakespeare’s “First Folio” sold for a record $9.98 million at auction in New York.

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