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Monday, October 30, 2023
Today's Leasing News Headlines
Women in Leasing Update NVLA October Conference
By Sloan Schickler, Esq.
Top Ten Leasing News Read by Readers
October 23 - October 26
Leasing and Finance Industry Help Wanted
Here are Two with Careers and Opportunity Open
The 5 Real Reasons You Didn't Get Hired
By Ken Lubin ZRG Partners, Managing Editor
Finance and Leasing Industry Recruiters
Companies with experience in the finance and leasing industry
The Complaint Process for Leasing and Finance Associations
AACFB, CLFP, ELFA, NEFA
ELFF Release Leasing and Finance Industry Snapshot
Prepared by Keybridge Research Free Download
Terrier
Des Moines, Iowa Adopt-a-Dog
Major Commercial Finance/Leasing Conferences
2024
News Briefs ---
GM halting driverless car service nationwide
after California ban
See where UAW workers are striking
Includes Map
Ford workers praise new UAW contract
'This will change so many lives’
78% of C-Suite Says Their Organization
Uses AI Today
Maine mass shooter’s body wasn’t found until
third search of recycling center
Poultry producer Sanderson Farms wins
trial, says proves no conspiracy to inflate chicken prices
Americans Can’t Stop Spending.
Five Reasons Why
You May Have Missed --
Halloween Shoppers Not Spooked as
Economic Slowdown Remains Elusive
Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
Sales Make It Happen
Sports Briefs
California News
"Gimme that Wine"
This Day in History
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
Wordle
######## 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.
[headlines]
--------------------------------------------------------------
Women in Leasing Update
NVLA October Conference
By Sloan Schickler Esq.
Our second annual in person Women in Leasing meeting was a fabulous, high-energy event in Austin, TX at the recent NVLA Annual Meeting. The group welcomed many newcomers, and everyone was very excited to be together, have an opportunity to network and get to know each other. The connections made at the noontime meeting carried over to the remainder of the networking events held at the conference.
Twenty-two women attended which was a great turnout. We have another 20 women that joined our bi-monthly virtual meetings over the past year but did not attend the Annual Meeting.
The women live all over the U.S. and Canada and work in varied places such as the four major auto manufacturers, including Nissan, Toyota, Volkswagen and Honda; a credit union and two banks that serve the vehicle leasing industry: Educators Credit Union, 1st Source and Metropolitan Commercial Bank; a number of major lessors, including Glesby Marks, Ltd. and PV Rentals; fleet management companies such as Wheels Fleet Management; and software vendors such as Advanced Lease Systems and PYA Solutions, Inc. With yours truly, an attorney serving the auto finance arena, we cover a large spectrum of the vehicle leasing industry.
We had a very animated discussion on certain issues in the leasing industry and look forward to more idea sharing at our next virtual meeting on November 15, 2023 at 11am CT/ 12pm ET. If you have a suggestion for an idea or topic discussion or if you would like to add your colleagues or employees to the group and to our virtual meeting schedule, please email Sloan Schickler (see address below). Our meetings always start with: What issues are affecting your business currently?
We are making great progress and look forward to even more in 2024. Thank you to everyone who participated!
Sloan Schickler is a partner in the commercial finance law firm, Schickler & Schickler PLLC. Schickler, a veteran vehicle leasing, finance and bank attorney and the attorneys in her firm have decades of experience representing and protecting lessors, banks, captive and independent finance companies in all facets of the vehicle leasing and financing business. She has served as the NVLA Legal and Legislative counsel since 2017, is currently the only woman on the board of directors and is a supporter of Leasing News and sits on its Advisory Board. Sloan can be reached at sloan.schickler@schicklerlaw.com or 212-262-5297.
[headlines]
--------------------------------------------------------------
Top Ten Leasing News Read by Readers
October 23 - October 26
(1) ELFA Wins Nationwide Relief from Section 1071
for Equipment Finance Industry
https://leasingnews.org/archives/Oct2023/10_27.htm#elfa
(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2023/10_27.htm#hires
(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2023/10_23.htm#hires
(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2023/10_25.htm#hires
(5) Dext Capital Celebrates Remarkable Achievement:
$1 Billion Originated First Five Years of Operation
https://leasingnews.org/archives/Oct2023/10_23.htm#dext
(6) Leigh Lytle appointed new ELFA President and CEO
Announced at the Equipment Leasing and Finance Association Conference
https://leasingnews.org/archives/Oct2023/10_25.htm#lytle
(7) ELFA Reports September New Business Down 4%
$9.7 Billion Sept from $10.1 Billion August
https://leasingnews.org/archives/Oct2023/10_25.htm#elfa
(8) Now is the time to take advantage of
higher bonus depreciation before 2024
https://leasingnews.org/archives/Oct2023/10_25.htm#now
(9) Ralph Petta to retire, will the next ELFA CEO be a female?
Here are the three past female presidents
https://leasingnews.org/archives/Oct2023/10_23.htm#elfa
(10) Introducing ELFA New Board Chair
and Board of Directors
https://leasingnews.org/archives/Oct2023/10_27.htm#intro
[headlines]
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Leasing and Finance Industry Help Wanted
[headlines]
--------------------------------------------------------------
The 5 Real Reasons You Didn't Get Hired
By Ken Lubin ZRG Partners, Managing Editor
I have been in the executive recruiting for just for over 23 years, (I can’t believe it) and have been through two major down turns, 2001 and 2008, but the real reasons that people don’t get the role that they interviewed for hasn’t changed.
Here is a list of most common complaints I hear in the marketplace from hiring teams.
- You Stink. Physically you smell - too much perfume, cologne, body odor, bad breath, smoke, and a host of other things. From a sensory point of view, smell is the number one thing people remember most
- You Talk Too Much. Many people get nervous when they interview and end up getting diarrhea of the mouth. Usually when this happens, you need to plug it up but most often they insert their foot as a stop gap - game over!! We have one mouth and two ears for a reason.
- You are an A** Hole. Arrogance is a key reason why people don’t get hired. If you are condescending, sarcastic and drop F bombs you are not getting the job, period
- You are Late. If you are late for an interview without any good reason and don’t call the person you are supposed to be meeting with to let them know, it shows you don’t have any respect for people’s time and will be late for everything else
- You are Clueless. If you don’t do research, understand the product and don’t know how you can offer a solution, then why did you go on the interview anyway? Don’t waste the hiring manager’s time and more, importantly, don’t waste yours.
Getting your dream job (even if it isn’t) is difficult, so why screw it up by not having common sense and courtesy. A first round interview is a like a first date, treat it as such.
Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin/
[headlines]
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Finance and Leasing Industry Recruiters
These companies have experience in the finance and leasing industry
Second Column: YCS - Year Company Started | YELB - Years in equipment Leasing Business
Name City, State Contact Website Leasing Association |
YCS
YELB (see above for meaning) |
Geographic Area |
Specialty
|
Executive Solutions for Leasing & Finance, Inc. |
1990 |
Nationwide |
Search firm specializing in leasing industry. Services include retained and contingent search, strategic consultation, compensation analysis, sales & management training, & customizable consulting products. |
Recruiters |
2000 |
North America |
Explanation: Boutique Executive Search Firm Specializing in the Finance & Equipment Leasing Industries. |
ZRG Partners |
1999 |
Global |
Senior Level retained Search firm doing C-Suite searches, board searches and VP level positions, We work on a client focused, project basis |
[headlines]
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The Complaint Process for Leasing and Finance Associations
AACFB, CLFP, ELFA, NEFA
The Leasing and Finance Associations have procedures to consider complaints about its members, often to resolve an issue or take other action.
Code Of Ethics and Complaint Procedures:
https://leasingnews.org/PDF/ethics_complaint_procedure.pdf
CLFP Complaint Procedure
https://leasingnews.org/PDF/CLFP_Complaint_Procedure.pdf
Official Procedure:
https://www.elfaonline.org/about/principles-of-fair-business-practices/view-elfa's-code-of-fair-business-practices
NEFA Dispute Resolution Producer:
http://www.leasingnews.org/PDF/NEFAStandardsCommittee2017.pdf
 |
[headlines]
--------------------------------------------------------------
##### Press Release ############################
ELFF Release Leasing and Finance Industry Snapshot
Prepared by Keybridge Research Free Download
The Equipment Leasing & Finance Foundation has released the Q4 2023 Equipment Leasing & Finance Industry Snapshot, an indispensable information resource for industry participants. Designed for use in executive briefings and presentations, the presentation slide deck summarizes the current conditions and projections for the U.S. economy and equipment finance industry with clear, easy-to-digest charts and short narratives of key trends.
Prepared by Keybridge Research and updated quarterly, the snapshot is available for free download at https://www.leasefoundation.org/industry-resources/industry-snapshot/
Among the range of details in the Q4 Snapshot:
The Foundation projects that the U.S. economy will grow by 2.3% annualized in 2023.
- The U.S. economy expanded at a 2.1% annualized rate in Q2, the fourth consecutive quarter of solid economic growth.
- Growth in Q2 was broad-based, fueled by consumer and government spending, and business investment.
Economic tailwinds for growth in 2023 include:
- The labor market, which remains a pillar of strength adding over 2.3 million jobs in 2023 as of September.
- Consumer spending, which remains a crucial driver of economic growth.
1. Retail sales growth was higher than expected over the summer with strong spending at retailers, sporting goods stores, and restaurants and bars, usually the first areas where consumers pull back.
2. Despite rising debt levels, consumers kept the U.S. economic engine turning during Q2 and Q3 2023.
Economic headwinds include:
- Consumer debt as growing concerns persist for deteriorating consumer financial health.
- A global economic slowdown with Eurozone countries facing headwinds and global inflation, falling prices in China raising concerns of a “deflationary trap,” and flagging global demand potentially reducing U.S. exports and business investment.
- Inflation, which eased significantly since last year, but is still above the Fed’s target.
- Oil price fluctuations posing a challenge as the Fed tries to control inflation.
- Labor strike activity, including the United Auto Workers strike, one of nine strikes in August involving more than 1,000 workers.
Equipment and software investment is expected to grow at a 3.0% pace in 2023.
E&S investment growth was strong in Q2, but early indications suggest that investment may weaken in Q3 and Q4 as credit availability has continued to tighten.
New business volume growth reported in ELFA’s Monthly Leasing and Finance Index was up 2.8% year to date in August, a deceleration from August 2022 when year-to-date growth was 5.0%.
After strong growth in early 2023, YTD new business volume growth softened in Q2 and Q3 in the face of interest rates and tightening lending standards.
The full report was prepared by Keybridge Research and updated quarterly, the snapshot is available for free download at https://www.leasefoundation.org/industry-resources/industry-snapshot/
### Press Release ############################
--------------------------------------------------------------
Terrier
Des Moines, Iowa Adopt-a-Dog
.jpg)
Chico
ID: 230027
Male
2 Years Old
59 lbs.
Tan
Neutered
Adopt By Appointment
To schedule a time to meet this dog, please contact ARL-Adoption@arl-iowa.org.
Additional Details:
- Loves people and companionship
- Loves going on walks and does best with a harness
- Knows down and sit and might like learning more skills
- Likes treats and toys
- Dog intro required
ARL Main
Adoptions, Pet Help Center, and Administration
5452 NE 22nd St.
Des Moines, IA 50313
Phone: (515) 262-9503
Fax: (515) 262-2612
https://www.arl-iowa.org
[headlines]
--------------------------------------------------------------
Major Commercial Finance/Leasing Conferences
2024
March 5-7: Funder's Forum, Miami, Florida
March 25 – 28: NEFA Finance Summit, Huntington Beach, CA
April 16 – 18: AACFB Conference, Glendale, Arizona
May 5 – 7: Equipment Finance Connect, Nashville, Tenn.
Sept 10 -12: Auto Finance CEOs, San Antonio, Texas
To be listed, email: kitmenkin@leasingnews.org
[headlines]
--------------------------------------------------------------
News Briefs---
GM halting driverless car service nationwide
after California ban
https://www.cnn.com/2023/10/27/business/gm-halts-robotaxi-service/index.html
See where UAW workers are striking
Includes Map
https://www.washingtonpost.com/business/2023/09/15/uaw-strike-map-michigan-ohio-missouri/
Ford workers praise new UAW contract:
‘This will change so many lives’
https://www.washingtonpost.com/business/2023/10/26/ford-uaw-contract-strike/
78% of C-Suite Says Their Organization
Uses AI Today
https://www.cfo.com/news/78-of-c-suite-says-their-organization-uses-ai-today-weekly-stat/697074/
Maine mass shooter’s body wasn’t found until
third search of recycling center
https://www.courthousenews.com/maine-mass-shooters-body-wasnt-found-until-third-search-of-recycling-center/
The evidence is clear:' Poultry producer Sanderson Farms wins
at trial, says proves no conspiracy to inflate chicken prices
https://cookcountyrecord.com/stories/650735731-the-evidence-is-clear-poultry-producer-sanderson-farms-wins-at-trial-says-proves-no-conspiracy-to-inflate-chicken-prices
Americans Can’t Stop Spending
Five Reasons Why
https://www.wsj.com/economy/consumers/5-things-us-economy-8a588781?st=xqpfen68aay82tw&reflink=desktopwebshare_permalink
[headlines]
--------------------------------------------------------------
Halloween Shoppers Not Spooked as
Economic Slowdown Remains Elusive
https://www.nytimes.com/2023/10/29/business/economy/halloween-retail-economy.html
[headlines]
--------------------------------------------------------------
Sports Briefs---
49ers’ Studs and Duds: Defensive coordinator
Steve Wilks is giving the Niners no chance to win
https://www.eastbaytimes.com/2023/10/29/49ers-studs-and-duds-defensive-coordinator-steve-wilks-is-giving-the-niners-no-chance-to-win/
49ers game grades: Defense is a mess
and Brock Purdy is regressing
https://www.sfchronicle.com/sports/49ers/article/49ers-game-grades-defense-mess-brock-purdy-18455646.php
Tug-of-War Over N.B.A. Rights Provides
Glimpse of Media’s Future
https://www.nytimes.com/2023/10/29/business/nba-media-rights.html
[headlines]
--------------------------------------------------------------
California News Briefs---
Lenders sue to put two of S.F.’s biggest hotels
in receivership: Hilton SF Union Square, Parc 55
https://www.sfchronicle.com/realestate/article/san-francisco-hilton-hotels-receivership-18444579.php
[headlines]
--------------------------------------------------------------
Gimme that Wine
http://www.youtube.com/watch?v=EJnQoi8DSE8
Next-generation agriculture plants seeds of
innovation for Wine Country farmers
https://www.pressdemocrat.com/article/industrynews/next-generation-agriculture-plants-seeds-of-innovation-for-wine-country-far/
Refresh In Rochester: A Q&A With Constellation Brands’
Chief Financial Officer
https://businessfacilities.com/refresh-in-rochester-a-qa-with-constellation-brands-cfo/
Winemaker’s Spanish heritage inspires
new Sonoma winery
https://www.pressdemocrat.com/article/lifestyle/spain-and-its-history-inspire-this-sonoma-winery/
[headlines]
----------------------------------------------------------------
1734 – The second President of the US, John Adams, was born at Braintree, MA. Term of office: Mar 4, 1797—Mar 3, 1801 after having been George Washington's Vice President. He was the father of John Quincy Adams (6th president of the US). He once wrote in a letter to Thomas Jefferson: “You and I ought not to die before we have explained ourselves to each other.” John Adams and Thomas Jefferson died on the same day, July 4, 1826, the 50th anniversary of adoption of the Declaration of Independence. Adams' last words: “Thomas Jefferson still survives.” Jefferson's last words: “Is it the fourth?”
1768 - The Wesley Chapel on John Street in New York City was dedicated. It was the first Methodist church building to be erected in the American colonies, was restored in 1817 and again in 1840.
1815 - Birthday of José Manuel Gallegos (d. 1875), born in Spanish colonial Mexico, in the town of Abiquiú, Nuevo México. Suspended from the priesthood for refusing to accept the authority of French religious superior, Bishop Jean Baptiste Lamy, who became the subject of Willa Cather’s novel, “Death Comes for the Archbishop,” Gallegos put increasing energy into his political life. Subsequently, he was elected to the New Mexico Territorial House of Representatives, served as treasurer of the territory, and was superintendent of New Mexico Indian affairs. Gallegos returned to the U.S. House of Representatives for a second term in 1871.
http://memory.loc.gov/ammem/today/oct30.html
1831 - In Southampton County, VA, escaped slave Nat Turner was captured and arrested for leading the bloodiest slave rebellion in United States history.
1838 - The Mormon War of Missouri ended when over 200 state militiamen attacked the LDS settlement of Huan's Mill. Eighteen Mormons were killed, and a dozen wounded, in reprisal for Mormon militia attacks on several communities since August of that year. Joseph Smith then led his followers to Illinois.
http://www.beliefnet.org/boards/message_list.asp?
boardID=5605&discussionID=116646
http://www.answeringlds.org/index.html?artPersecution.html
1862 - Dr. Richard Gatling patented a machine gun. The Gatling gun consisted of six barrels mounted in a revolving frame. A later version with ten barrels fired 320 rounds a minute. The United States Army purchased these guns in 1865 and over the next few years most major armies in Europe purchased the gun. In 1870, Gatling opened a new factory in Hartford, Connecticut to produce his gun. He continued to improve the Gatling gun and by 1882, it could fire up to 1,200 rounds per minute. However, sales of the gun declined after Hiram Maxim began producing his automatic Maxim Machine Gun. Gatling also manufactured machines for sowing and breaking hemp, a steam power and a marine steam ram.
1862 - Yellow fever hits the Union Army. Union General Ormsby MacKnight Mitchell, commander of the Department of the South, is one of those who dies; at Beaufort, South Carolina. Born in Kentucky in 1809, Mitchell grew up in Lebanon, Ohio. He attended West Point and graduated in 1829 along with future Confederate leaders Joseph Johnston and Robert E. Lee. When the war erupted in 1861, Mitchell used his West Point education as a brigadier general in the Army of the Ohio under General Don Carlos Buell and participated in operations in Kentucky and Tennessee in 1862. Mitchell also directed raids into northern Alabama, capturing Huntsville in April 1862. Mitchell was a critic of the "soft war," or limited approach, of many northern generals, and his actions made him a target of conservative northern newspapers. Advocating a tougher stance against Southern civilians and the institution of slavery, he confiscated the property of prominent Confederates and protected slaves who escaped to his lines well before the practice was mandated by Federal policy. In July, 1862, he was named commander of the Department of the South. He moved to headquarters on the Sea Islands of South Carolina, where he oversaw the building of schools and homes for slaves in the captured territory. This movement, begun by his predecessor, General David Hunter, is considered the first experiment in the reconstruction of the South. However, Mitchell's death from yellow fever cut short his participation in the experiment.
1864 - The town of Helena, Montana, is founded by four gold miners who struck it rich at the appropriately named "Last Chance Gulch." The first major Anglo settlement of Montana had begun just two years before in the summer of 1862, when prospectors found a sizeable deposit of placer gold at Grasshopper Creek to the west. When other even richer deposits were soon discovered nearby, a major rush began as tens of thousands of miners scoured the territory in search of gold. In 1864, four prospectors spotted signs of gold in the Helena area while on their way to the Kootenai country, but they were eager to reach the reportedly rich gold regions farther to the north and did not to stop. But after striking out on the Kootenai, they decided to take "one last chance" on finding gold and returned. When the signs turned out to mark a rich deposit of placer gold, they staked their claims and named the new mining district Last Chance Gulch.
Eventually, Last Chance Gulch would prove to be the second biggest placer gold deposit in Montana, producing some $19 million worth of gold in just four years. Overnight, thousands of miners began to flood into the region, and the four original discoverers added to their fortunes by establishing the town of Helena to provide them with food, lodging, and supplies. But unlike many of the early Montana mining towns, Helena did not disappear once the gold gave out, which it inevitably did. Located on several major transportation routes, well supplied with agricultural products from an adjacent valley, and near to several other important mining towns, Helena was able to survive and grow by serving the wider Montana mining industry. In 1875, the city became the capital of Montana Territory, and in 1894, the capital of the new state of Montana.
1871 - Philadelphia Athletics beat Chicago White Stockings for the first National Association baseball pennant. In 1869, the previously amateur National Association of Base Ball Players, in response to concerns that some teams were paying players, established a professional category. The Cincinnati Red Stockings were the first team to declare their intention to become fully professional. Other teams quickly followed suit. By 1871, several clubs, wanting to separate fully from the amateur association, broke away to found the National Association of Professional Base Ball Players or simply, National Association. This is generally acknowledged as the forerunner of the present-day National League.
1872 - Emily Post (d. 1960) was born at Baltimore, MD. Published in 1922, her book “Etiquette: The Blue Book of Social Usage,” instantly became the American bible of manners and social behavior and established Post as the household name in such matters. It was in its 10th edition at the time of her death. “Etiquette” inspired a great many letters asking Post for advice on manners in specific situations. She used these letters as the basis for her radio show and her syndicated newspaper column, which eventually appeared in more than 200 papers.
1882 - Birthday of William “Bull” Halsey (d. 1959) at Elizabeth, NJ. American admiral and fleet commander who played a leading role in the defeat of the Japanese in the Pacific naval battles of World War II. In April, 1942, aircraft carriers under his command ferried Jimmy Doolittle's B-25s to within several hundred miles of Japan's coast. From that location, the aircraft were launched from the decks of the carriers for a raid on Tokyo. In October, 1942, as commander of all the South Pacific area, Halsey led naval forces in the defeat of Japan at Guadalcanal, and in November, 1943, he directed the capture of Bougainville. He supported the landings in the Philippines in June 1944, and in the great naval battle of Leyte, Oct 23—25, 1944.
1885 – Ezra Pound (d. 1972) was born in Hailey, Idaho Territory. An expatriate poet and critic who was a major figure in the early modernist movement, his contribution to poetry began with his development of Imagism, a movement derived from classical Chinese and Japanese poetry, stressing clarity, precision and economy of language.
1888 - The ball-point pen was patented by John J. Loud of Weymouth, MA. The patent was on a pen having a spheroidal marking point capable of revolving in all directions.
1893 - Birthday of Charles Atlas (d. 1942), bodybuilder, born Angelo Siciliano at Acri, Italy. Atlas created a popular mail order bodybuilding course, pegged to his own youthful troubles as a “97-lb weakling.” The legendary sand-kicking episode used later in advertising for his course occurred at Coney Island when a lifeguard kicked sand in Atlas's face and stole his girlfriend. Three generations of comic book fans read his advertisements.
1893 - After a rousing success, the Columbian Exposition held “American Cities Day” and Chicago Mayor Carter Harrison gave a speech before the visiting mayors. This was the highlight of the greatest new technology in America and hope was the economy would turn around. After he arrived home, Harrison's doorbell rang. When the mayor answered the door, he was shot by Patrick Eugene Pendergast, who had been disappointed when his request for a position with the city as corporation counsel was turned down. Instead of the elaborate ceremony that had been planned to close the exposition on Oct 30, a single speech was given and the flags lowered to half-mast.
1894 - Daniel M. Cooper of Rochester, NY, received a patent for a card time recorder. The employee pressed a lever on the machine to record the time on specially printed cards divided by horizontal lines into seven equal spaces for the days of the week. The recorder, known as the Rochester, was manufactured by the Willard and Frick Manufacturing Company.
1896 – Harry Randall Truman, (d. 1980) no relation, was born in Ivydale, WV. A resident of the Washington state who lived on Mount St. Helens, he came to brief fame in the months preceding the volcano's May, 1980 eruption after he stubbornly refused to leave his home despite evacuation orders, and he is presumed to have been killed in the eruption. He was the owner and caretaker of Mount St. Helens Lodge at south end of Spirit Lake at the foot of the mountain in the danger zone at the time of the eruption.
1896 - Martha Hughes Cannon of Utah became the first female Senator.
1898 – Bill Terry (d. 1989), the last National Leaguer to hit .400, was born in Atlanta. He played his entire career with the New York Giants and hit .401 in 1930. Considered one of the greatest players of all time, Terry was inducted into the Baseball Hall of Fame in 1954. In 1999, he ranked number 59 on “The Sporting News” list of the 100 Greatest Baseball Players, and was a nominee for the MLB All-Century Team. The Giants retired Terry's uniform no. 3 in 1984.
1917 - The first Jewish US Navy chaplain was Rabbi David Goldberg of Corsicana, TX, who was appointed with the rank of lieutenant. He was advanced to lieutenant commander on January 1, 1938, and he retired on March 1, 1941.
1919 – Baseball’s National Commission called for the prohibition of the spitball.
1921 - "The Sheik," a silent film starring Rudolph Valentino, premieres in Los Angeles. It was based on the bestselling romance novel of the same name by Edith Maude Hull. The film was a box-office hit and helped propel Valentino to stardom.
1922 – The huge success of Babe Ruth with the Yankees forced the rival New York Giants to move quickly for a gate attraction. They paid $65,000 and 3 players to the minor league Baltimore Orioles for Jack Bentley who hit .349 and was 13-1 as pitcher in 1922. Bentley was a member of the Giants’ pennant-winning teams in 1923 and 1924. He was 1–3 with a 4.94 ERA and 11 strikeouts in those World Series. He was out of the Majors after the 1927 season. He was a good hitting pitcher in his Major League career, compiling a .291 average (170-584) with 7 home runs and 71 RBI. In 1923, Bentley batted .427 (38-89) for the Giants. In the 1923 and 1924 World Series, he hit .417 (5-12) with one home run and 2 RBI. He also played 59 games at first base and 3 games in right field in the majors.
1925 - Birthday of tenor sax player/composer/arranger/producer Teo Macero, born Attilio Joseph Macero (d. 2008), Glens Falls, NY.
http://shopping.yahoo.com/shop?d=product&id=19
27158223&clink=dmmu.artist&a=b
http://www.furious.com/perfect/teomacero.html http://www.holeintheweb.com/drp/drptm.htm
1929 - John D. Rockefeller announced he was buying sound common stocks to help stem the massive sell-off at the New York Stock Exchange, but it did no good. Over 10.7 million shares were dumped the day before and the market was in a free fall. The Great Depression was beginning and even a Rockefeller could not stop it.
1930 - The great trumpet player Clifford Brown (d. 1956) Birthday.
http://cliffordbrown.net/bio.html
http://www.duke.edu/~dhf1/
http://members.tripod.com/~hardbop/brownie.html
One of his finest albums:
http://www.amazon.com/exec/obidos/tg/detail/-/B00004NHC0/ref=pd_bxgy_
text_1/104-6431180-5019133?v=glance&s=music&st=*
1930 - Duke Ellington records "Mood Indigo."
http://www.users.globalnet.co.uk/~mcgoni/ella/dukebio.html
1935 - Woody Herman cuts first vocals with Isham Jones Band
1938 - “War of the Worlds” was broadcast as part of a series of radio dramas based on famous novels. Orson Welles with the Mercury Players produced H.G. Wells' “War of the Worlds.” Near panic resulted when listeners believed the simulated news bulletins, which described a Martian invasion of New Jersey, to be real. People went into a panic as they believed the world was invaded and the end was near.
1939 – Grace Slick was born Grace Barnett Wing in Highland Park, IL. Singer, songwriter, artist, and former model, she is best known as one of the lead singers of the rock groups The Great Society, Jefferson Airplane/Starship, as well as for her work as a solo artist from the mid-1960s to the mid-1990s.
1941 - The U.S. destroyer “Reuben James” was torpedoed and sunk off the coast of Iceland by a German submarine during the night of October 30-31. Some 100 lives were lost. It was the first American warship to be sunk in the war. Despite the passage of “Lend Lease” in support of Britain and other “free” countries in Europe, Congress and the United States did not want to enter a war they thought “European.” This attitude lost many lives and war preparation. The fact is that on December 8th, the US declared war against Japan after the sneak attack at Pearl Harbor, which wiped out most of our Pacific fleet. On December 11, in obvious collusion, Germany and Italy declared war against the U.S. and Congress adopted a resolution recognizing a state of war.
1944 – Anne and Margot Frank are deported from Auschwitz to the Bergen-Belsen concentration camps where they die from disease the following year, shortly before the end of World War II.
1945 - ROSS, WILBURN K., Medal of Honor.
Rank and organization: Private, U.S. Army, Company G, 350th Infantry, 3d Infantry Division. Place and date: Near St. Jacques, France, 30 October 1944. Entered service at: Strunk, Ky. Birth: Strunk, Ky. G.O. No.: 30, 14 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty near St. Jacques, France. At 11:30 a.m. on 30 October 1944, after his company had lost 55 out of 88 men in an attack on an entrenched full-strength German company of elite mountain troops, Pvt. Ross placed his light machinegun 10 yards in advance of the foremost supporting riflemen in order to absorb the initial impact of an enemy counterattack. With machinegun and small-arms fire striking the earth near him, he fired with deadly effect on the assaulting force and repelled it. Despite the hail of automatic fire and the explosion of rifle grenades within a stone's throw of his position, he continued to man his machinegun alone, holding off 6 more German attacks. When the eighth assault was launched, most of his supporting riflemen were out of ammunition. They took positions in echelon behind Pvt. Ross and crawled up, during the attack, to extract a few rounds of ammunition from his machinegun ammunition belt. Pvt. Ross fought on virtually without assistance and, despite the fact that enemy grenadiers crawled to within 4 yards of his position in an effort to kill him with hand grenades, he again directed accurate and deadly fire on the hostile force and hurled it back. After expending his last rounds, Pvt. Ross was advised to withdraw to the company command post, together with 8 surviving riflemen, but, as more ammunition was expected, he declined to do so. The Germans launched their last all-out attack, converging their fire on Pvt. Ross in a desperate attempt to destroy the machinegun which stood between them and a decisive breakthrough. As his supporting riflemen fixed bayonets for a last-ditch stand, fresh ammunition arrived and was brought to Pvt. Ross just as the advance assault elements were about to swarm over his position. He opened murderous fire on the oncoming enemy; killed 40 and wounded 10 of the attacking force; broke the assault single-handedly, and forced the Germans to withdraw. Having killed or wounded at least 58 Germans in more than 5 hours of continuous combat and saved the remnants of his company from destruction, Pvt. Ross remained at his post that night and the following day for a total of 36 hours. His actions throughout this engagement were an inspiration to his comrades and maintained the high traditions of the military service.
1945 - June Christy, with Stan Kenton, records “Just A-Sittin' and A-rockin'.”
1945 – “The Fonz”, Henry Winkler, was born on Manhattan’s West Side. Winkler is best known for his role as Arthur Fonzarelli in the 1970s sitcom “Happy Days” (1974-84). "The Fonz," or "Fonzie," a leather-clad greaser and auto mechanic, started out as a minor character at the show's beginning, but had achieved top billing by the time the show ended.
1946 - Top Hits
Five Minutes More - Frank Sinatra
South America, Take It Away - Bing Crosby & The Andrews Sisters
Rumors are Flying - The Frankie Carle Orchestra (vocal: Marjorie Hughes)
Divorce Me C.O.D. - Merle Travis
1948 - The Donora, PA, smog disaster finally came to an end. The fog started building on October 27, 1948. By the following day it was causing coughing and other signs of respiratory distress for many residents of the community in the Monongahela River valley. Many of the illnesses and deaths were initially attributed to asthma. The smog continued until it rained by which time 20 residents of Donora had died and approximately one third to one half of the town's population of 14,000 residents had been sickened. Another 50 residents died of respiratory causes within a month after the incident; notable among the fatalities was Lukasz Musial, the father of future baseball Hall of Famer and the 1948 National League MVP, Stan Musial. Hydrogen fluoride and sulfur dioxide emissions from US Steel’s Donora Zinc Works and its American Steel & Wire plant were frequent occurrences in Donora. What made the 1948 event more severe was a temperature inversion, a situation in which warmer air aloft traps pollution in a layer of colder air near the surface. The pollutants in the air mixed with fog to form a thick, yellowish, acrid smog that hung over Donora for five days. The poisonous gases that usually dispersed into the atmosphere were caught in the inversion and accumulated until rain ended the weather pattern.
1953 – President Eisenhower formally approved the top secret document National Security Council Paper No. 162/2, which states that the United States' arsenal of nuclear weapons must be maintained and expanded to counter the communist threat.
1954 - Top Hits
“Hey There” - Rosemary Clooney
“Shake, Rattle and Roll” - Bill Haley & His Comets
“Smile” - Nat King Cole
“More and More” - Webb Pierce
1956 – The Brooklyn Dodgers sold Ebbets Field to a real estate investment group with the commitment to play there through 1959. The Dodgers moved to LA for the 1958 season, Ebbets Field was demolished in 1960 and Ebbets Field Apartments, later Jackie Robinson Apartments, have been there since.
1962 - Top Hits
“Monster Mash” - Bobby “Boris” Picket
“He's a Rebel” - The Crystals
“Only Love Can Break a Heart” - Gene Pitney
“Mama Sang a Song” - Bill Anderson
1958 - Quiz show, "Concentration," was part of daytime television's lineup from August 1958 to March 1973, but this night it appeared on television at 8:30 p.m. "Concentration" was a temporary replacement for "Twenty-One," after its sudden cancellation due to the quiz show scandals of the time. Jack Barry, host of "Twenty-One," was transferred to host "Concentration" for its four-week nighttime run.
1960 - Elvis Presley attends RCA studios in Nashville where he records fourteen Gospel songs for his upcoming LP "His Hand in Mine."
1963 - Sandy Koufax, who unanimously won the CY Young Award six days ago, is also named the National League's MVP. The Dodger legend out points Pirates' infielder Dick Groat, 237-190.
1964 - Roy Orbison went gold with his hit single, "Oh, Pretty Woman."
1964 - Twenty-two-year-old Cassius Clay, who later changed his name to Muhammad Ali, became world heavyweight boxing champion by defeating Sonny Liston. All was well known for both his fighting ability and his personal style. His most famous saying was “I am the greatest!” Convicted of violating the Selective Service Act in 1967, he was stripped of his title; the Supreme Court reversed the decision, though, in 1971. Ali was the only fighter to win the heavyweight boxing title three separate times (and he defended that title nine times) until Evander Holyfield defeated Mike Tyson in 1996.
1965 – “I Hear A Symphony,” recorded by The Supremes, debuted on Billboard's Top 40 charts, and became the Motown female group's sixth Number 1 hit.
1966 - Baltimore Colts quarterback Johnny Unitas throws for 252 yards to pass Y.A. Tittle (28,339 yards) as the NFL's all-time passing yards leader. Unitas finished his career with 40,239 yards passing.
1967 - The Nitty Gritty Dirt Band, Clear Light, Blue Cheer, S.F. Fillmore Auditorium
Artist: Bonnie MacLean
1967 – The Supreme Court upholds the contempt-of-court convictions of Dr. Martin Luther King and seven other black leaders who led the 1963 marches in Birmingham. Dr. King and his aides enter jail to serve four-day sentences. "I must confess that over the last few years I have been gravely disappointed with the white moderate. I have almost reached the regrettable conclusion that the Negro's great stumbling block in the stride toward freedom is not the White Citizen's Council-er or the Ku Klux Klanner, but the white moderate who is more devoted to "order" than to justice; who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice; who constantly says "I agree with you in the goal you seek, but I can't agree with your methods of direct action;" who paternalistically feels he can set the timetable for another man's freedom; who lives by the myth of time and who constantly advises the Negro to wait until a "more convenient season." Shallow understanding from people of goodwill is more frustrating than absolute misunderstanding from people of ill will. Lukewarm acceptance is much more bewildering than outright rejection."
— Dr. Reverend Martin Luther King, Jr., "Letter from the Birmingham Jail," 1963
http://coursesa.matrix.msu.edu/~hst306/documents/letter.html
1967 - Benefit at the Fillmore for KPFA radio station. Pink Floyd and the Sopwith Camel performed.
http://www.pinkfloyd.com/home/20.html
http://www.sopwithcamel.com/
1970 - Top Hits
“I'll Be There” - The Jackson 5
“We've Only Just Begun” - Carpenters
“Fire and Rain” - James Taylor
“Run, Woman, Run” - Tammy Wynette
1972 - Worst US rail accident in 14 years; 45 die in Chicago.
http://www.chipublib.org/004chicago/disasters/ilcentral_crash.html
1974 - Muhammad Ali regained the heavyweight title by knocking out defending champion George Foreman in the eighth round of “The Rumble in the Jungle,” a fight in Kinshasa, Zaire, first heavyweight championship fight ever held in Africa. Ali was named Fighter of the Year, 1976 by Ring magazine.
1974 – Pitcher Nolan Ryan of the California Angels, throws the fastest recorded pitch, at 100.9 miles per hour. Today there are dozens of pitchers who throw that hard and harder. Aroldis Chapman of the Yankees shares with Jordan Hicks the record for the fastest recorded pitch speed in MLB history, at 105.1 miles per hour as well as the Guinness World Record for fastest baseball pitch.
1975 - Winger Johnny Bucyk of the Boston Bruins scored the 500th goal of his career in a 3—2 Bruins' victory over the St. Louis Blues. Bucyk finished his career with 556 goals and entered the Hockey Hall of Fame in 1981.
1976 - Dr. Joseph H. Evans was elected president of the United Church of Christ. It made him the first African-American leader of this predominantly white denomination.
1976 - The group, Chicago, started its second (and final) week at number one on the pop singles charts with, "If You Leave Me Now." The hottest LP was Stevie Wonder's "Songs in the Key of Life." The album was number one for a total of 14 weeks.
1976 - Jane Pauley becomes news co-anchor of the Today Show. http://www.msnbc.com/onair/bios/j_pauley.asp
http://www.emanila.com/benrazon/people/pauley.htm
http://talkshows.tqn.com/library/news/blnewsjanepauley.htm
1978 - Top Hits
“Hot Child in the City” - Nick Gilder
“You Needed Me” - Anne Murray
“Reminiscing” - Little River Band
“Let's Take the Long Way Around the World” - Ronnie Milsap
1979 - Richard Arrington elected first Black mayor of Birmingham, Alabama.
1982 - Melbourne, Australia's Men at Work had the number one song in the US with "Who Can It Be Now?" They would follow with three more Top 10 hits, "Down Under" (#1), "Overkill" (#3) and "It's A Mistake" (#6)
1984 - Barry Manilow opened at Radio City Music Hall, New York. His concerts sold out to the tune of $1.9 million, besting (by $100,000) the record set by Diana Ross.
1984 - Dan Ackroyd and John Belushi, aka The Blues Brothers (Jake and Elwood), hit the two-million-dollar sales mark with their LP, "Briefcase Full of Blues".
http://www.amazon.com/exec/obidos/ASIN/B000002J5M/
inktomi-musicasin-20/ref%3Dnosim/104-6431180-5019133
http://www.briefcaseblues.com/
1986 - Top Hits
“True Colors” - Cyndi Lauper
“Typical Male” - Tina Turner
“I Didn't Mean to Turn You On” - Robert Palmer
“Cry” - Crystal Gayle
1988 - Ten cities in the Upper Midwest reported record low temperatures for the date. The morning low of 20 degrees at South Bend, IN was a record for October, and lows of 18 degrees at Grand Rapids, MI and 20 degrees at Fort Wayne, IN equaled records for October. The low of 2 degrees at International Falls, MN smashed their previous record for the date by 11 degrees. Syracuse, NY received 2.9 inches of snow to establish a record for October with 5.7 inches for the month.
1989 - Temperatures soared into the 70s in the northeastern U.S. The record high of 73 degrees at Alpena, MI marked their sixth straight day of record warmth. In the western U.S., Klamath Falls, OR reported a record low of 19 degrees.
1995 - David Bowie, Tom Donahue, Gladys Knight & The Pips, Jefferson Airplane, Little Willie John, Pink Floyd, Pete Seeger, The Shirelles and The Velvet Underground are inducted into the Rock And Roll Hall Of Fame.
1996 - IBM subsidiary Lotus said it would include a Web browser in its Lotus Notes software, a popular groupware program that allowed users to share data and collaborate on documents. The browser would allow users to store Web pages and work with them offline. In a surprise takeover, IBM had purchased Notes in July, 1995 in an attempt to shore up its offerings in networking and Internet software. The takeover was the largest-ever deal for a software company. Companies such as System1, later to become CapitalStream, partnered with Lotus Notes and offered a “seamless” technology from application to funding and documents via the Web through Nation's Capital (never got off the prototype stages as
leasing companies fought having their documents shared in System1 software.)
2001 - George W. Bush becomes the eighth President to attend a World Series game and the first since Dwight D. Eisenhower to throw out the ceremonial first pitch. Wearing a New York Fire Department windbreaker in honor of the heroes of the September 11 attacks, the Commander in Chief walks to the mound by himself, gives a thumbs up, and throws a perfect strike to the Yankees' backup catcher much to the delight of the stadium faithful. Ralph Mango reports, “I was at that game, the only World Series game I have ever attended. The security to get into the game was airtight as my son-in-law, who came from work, found a Stadium employee to hold his briefcase…for $50…and believe it or not, he gave it back at the end of the game! Sharpshooters in black climbed in unison to the roof stationed over every aisle as the President’s copter landed in the parking lot. The torn flag that was recovered from the WTC flew on the Yankee Stadium flagpole. President Bush walked out to the mound to a thunderous roar, toed the rubber, and fired the strike to start the game. Derek Jeter, Yanks’ SS, said to the President, whom he met warming up under the stands before the game, “throw from the rubber not in front of the mound…and don’t bounce it, they’ll boo ya!” In the 7th inning, in unison, the sharpshooters descended to a roar that rivaled that for the President. Oh yeah, Yanks won, 3-1 on HRs by Posada and Spencer to back Roger Clemens’ strong pitching.”
2001 - Matt Williams becomes the first player in World Series history to hit home runs with three different teams. He homered in the Fall Classic for the Indians in 1997 and the Giants in 1989.
2012 - George Lucas sold Lucasfilm Ltd. to the Walt Disney Company for $4.05 billion; the sale included the rights to the 'Indiana Jones' and 'Star Wars' franchises.
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