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Thursday, September 7, 2023


Today's Leasing News Headlines

McDonald’s Menu in 1972
    Photo
New Hires/Promotions in the Leasing Business
    and Related Industries
Announcing New CLFP Online Program
    to Become Certified Leasing and Finance Professional
Leasing and Finance Industry Help Wanted
    Careers Available, Plus Join Senior Sales Team
Stand Out and Succeed: Leveraging Technology
  for Self-Promotion in Your Career
    By Ken Lubin, ZRG Partners
Look to Rural Areas as Small Businesses
  Support More than Half of Rural Employment
    By Delaney Sexton, Coleman Reports
Top Ten Leasing News Read by Readers
    August 28 - September 1
Beige Book-Federal Reserve System
    National Summary report - 12 Districts
Has Smoking Lost Its Cool?
    Total Number of Cigarettes Sold in U.S.
Mixed Breed
    Ocean View, New Jersey  Adopt-a-Dog
Full List of AACFB Exhibitors - Hall Now Sold Out
    Commercial Finance Expo Sept. 20-21 Orlando, Florida
News Briefs ---
Over 70,000 day-care programs at risk of closure,
    threatening U.S. women’s workforce gains
Real Estate Doom Loop Threatens America’s Banks
    exposure to commercial real estate substantial
52 Million air-bag inflaters could be recalled by U.S.
    auto regulators: What to know
SVB Acquisition Just One of Many Bank Deals
    Top Financial Firms Serving the Wine Industry
The states that produce the most doctors,
    artists and writers, and more

You May Have Missed --
Google to require politicians to disclose
    use of AI in election ads

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.

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New Hires/Promotions in the Leasing Business
and Related Industries


Christopher Crespo, CLFP, was hired as Account Executive, ERC Advance Funding, Phoenix, Arizona. He is located in Scottsdale, Arizona. Previously, he was Area Sales Manager, Clicklease (January, 2022 - August, 2022); Regional Account Manager, Vendor Services, Balboa Capital (November, 2020 - December, 2021); Vice President of Sales. Vendor Development, Ascentium Capital (July, 2019 - October, 2020); Vice President of Sales/Vendor Relations, Partners Capital Group (January, 2016 - July, 2019).
https://www.linkedin.com/in/christopher-c-5480a7159/


Joseph Finelli, CLFP, was hired as Vice President, Head of General Leasing, Med One Group. He is located in Beach Haven, New Jersey. Previously, he was Vice President, Development, Third Party, Macquarie Group (July, 2020 - August, 2013); Director of Sales and Business Development, CAN Capital (June, 2019 - June, 2020); Vice President of Vendor Sales, NewLane Finance Company (March, 2018 - June, 2020). He joined Marlin Business Service Corp., Director of Sales, August, 2005, promoted January, 2010, Assistant Vice President, Retail Sales. Full Bio:
https://www.linkedin.com/in/joseph-finelli-clfp-63a05942/


Tony Montemurro was hired as Vice President of Sales, Mitsubishi HC Capital America, Chicago, Illinois. He is located in Las Vegas, Nevada. Previously, he was Director of Business Development, HIMSS Hawaii, Alaska Chapter (July, 2020 - Present); Sales Consultant, Cyracome International, Inc. (October, 2022 - September, 2023): Vice President, Business Development and Portfolio Services, Alliance Funding Group (July, 2021 - February, 2022); Vice President TCF Capital Solutions (December, 2013 - July, 2021). Full Bio:
https://www.linkedin.com/in/tony-montemurro-ab1aa13/details/experience/
https://www.linkedin.com/in/tony-montemurro-ab1aa13/


Vanessa Storms was hired as Credit Risk Analyst, Canon Financial Services, Inc., Mt. Laurel, New Jersey. Previously, she was Credit Analyst, Meridian Equipment Finance (June, 2021 - August, 2023). She joined Marlin Capital Solutions, May, 2019, Credit Analyst, promoted September, 2020, Senior Risk Analyst). Prior, FirstLease, October, 2016, Credit Analyst, Micro Tickets; promoted December, 2016, Credit Analyst, Level 1; promoted August, 2017, Credit Analyst Level 2; promoted October, 2018, Senior Credit Analyst. Prior, she was Underwriter, Alpha Card Services (September, 2013 - October, 2016); Underwriter, Pinnacle Merchant Advance (September, 2013 - October, 2016); Executive Underwriter, Merchant Lynx Services (January, 2013 - September, 2013); Office Manager, ISS Facility Services A/S (April, 2012 - February, 2013).
https://www.linkedin.com/in/vanessastorms/


Bill Summers was named Senior Vice President, Leasing and Finance Director, Civista Leasing and Finance, Franklin, Tennessee. He joined the company December, 1993 as Chief Executive Officer. He was President (December, 2022 - August, 2023).
https://www.linkedin.com/in/summerswilliamp/details/experience

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Announcing New CLFP Program Online
to Become Certified Leasing and Finance Professional

"We are thrilled to announce that there is another opportunity available to feel supported in your CLFP Journey if you aren't yet a CLFP," Reid Raykovich, CLFP, Chief Executive Office, announced.


"We now have a new Academy for Lease & Finance Professionals (ALFP) available online November 8-10, thanks to Oakmont Capital Services who will host. This course is 3 half days of CLFP Exam prep, and will fully prepare a CLFP Candidate to sit for the CLFP exam assuming the attendee has read and thoroughly studied The Certified Lease & Finance Professionals’ Handbook prior to attending."

To start, be sure to order and study your CLFP Handbook if you haven't already done so: https://buff.ly/3OnufRn

Then, sign up for the Academy today: https://buff.ly/3OW8OFM



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Leasing and Finance Industry Help Wanted
  We Are Growing Our Senior Sales Team Now!
www.topmarkfunding.com/careers


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Stand Out and Succeed: Leveraging Technology
for Self-Promotion in Your Career
By Ken Lubin, ZRG Partners

As an executive recruiter, I have observed that those who effectively leverage technology for self-promotion often enjoy enhanced career opportunities and professional growth. By understanding the power of self-promotion and employing ethical strategies, you can stand out from the crowd and achieve success in your chosen career path. Embrace technology as a valuable tool and combine it with authenticity and integrity to unlock the key to career advancement.

I have witnessed firsthand the impact of self-promotion on career advancement. In this blog post, I will share insights on how technology can be harnessed to effectively differentiate oneself and achieve success in today's competitive job market.

Understanding the Power of Self-Promotion: Self-promotion is not about boastful self-aggrandizement, but rather about showcasing your unique value proposition and positioning yourself as an ideal candidate for career growth opportunities. Executives who master the art of self-promotion understand that their accomplishments and expertise must be communicated effectively to key decision-makers and industry influencers.

Utilizing Technology for Self-Promotion: In the digital era, technology provides a plethora of tools and platforms that can enhance your self-promotion efforts. Here are some key strategies to consider

a) Optimize Your Online Presence: Establish a compelling and professional online presence through platforms like LinkedIn, personal websites, or online portfolios. Craft a concise and impactful professional summary that highlights your key achievements, skills, and career progression. Leverage keywords relevant to your industry to improve search ability and attract the attention of recruiters.

b) Thought Leadership Content: Creating and sharing thought-provoking content positions you as a subject matter expert in your field. Start a blog or contribute articles to industry publications, focusing on topics that showcase your knowledge and insights. Leverage social media platforms to amplify the reach of your content and engage with industry peers.

c) Networking and Relationship Building: Technology has revolutionized networking, providing ample opportunities to connect with professionals across industries. Leverage platforms like LinkedIn to expand your network, engage in meaningful conversations, and cultivate relationships with influencers and decision-makers. Actively participate in relevant industry forums or virtual communities to demonstrate your expertise and build a reputation within your field

d) Video and Multimedia Presentations: Leverage technology to create impactful video or multimedia presentations that showcase your accomplishments, expertise, and leadership abilities. Visual mediums can capture attention and leave a lasting impression on potential employers or clients. Share these presentations on your website, social media channels, or professional profiles to enhance your visibility and credibility.

Ethical Self-Promotion Practices: While self-promotion is crucial for career advancement, it must be approached with integrity and authenticity. Here are ethical guidelines to follow:

a) Accurate Representation: Present your accomplishments, skills, and experiences truthfully. Avoid embellishments or misrepresentations that could undermine your credibility.

b) Provide Value: When creating content or engaging in online discussions, focus on providing valuable insights and solutions to industry challenges. Generously share your knowledge and expertise, positioning you as a helpful resource.

c) Collaborate and Support: Embrace a collaborative mindset by promoting and supporting the work of others. Engage in conversations, offer assistance, and celebrate the accomplishments of your peers. This fosters goodwill and strengthens professional relationships.

d) Professional Conduct: Maintain a professional demeanor in all online interactions. Be respectful, courteous, and responsive when engaging with others, even in the face of differing opinions or criticism.

Don’t hesitate to telephone me with a question or to learn If I am in the position to be of any help in your career.


Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin/

The Ultimate Hire Collections:
http://leasingnews.org/Conscious-Top%20Stories/ultimate.html


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Look to Rural Areas as Small Businesses
Support More than Half of Rural Employment
By Delaney Sexton, Contributing Editor, Coleman Reports

The Federal Reserve Bank’s Small Business Credit Survey shows that 15% of all small businesses with employees are in rural areas. Though rural small businesses make up a small portion of all small businesses, they operate 84.8% of all establishments in rural counties according to a new report from the SBA Office of Advocacy. Rural small businesses also account for 54.3% of employment in rural areas. Small businesses in rural areas have an average of 8.5 employees.

In contrast, small businesses make up 82.5% of all establishments in metropolitan areas. Small businesses account for 45.5% of employment in metropolitan areas, and metropolitan small businesses employ an average of 9.5 people.

Even though small businesses employ a majority of workers in rural areas, rural employment by small businesses has grown slowly compared to total employment. Between 2012 and 2019, small business employment only grew by 1%. This only amounted to rural small business employees growing from 7.5 million to 7.6 million people during the given period.

For big businesses, rural employment increased by 12.9%. Metropolitan employment by small businesses grew by 11.4%, and metropolitan employment by big businesses grew by nearly 20%. Because of the faster growth rate, large businesses caused the share of rural employment by small businesses to decrease from 57.2% in 2012 to 54.3% in 2019.

SBA lenders have helped get nearly $4.72 billion out to rural small businesses in fiscal year 2023. SBA data shows that rural small businesses received 8,494 7(a) loans and almost $3.88 billion. Under the 504 loan program, rural small businesses received 938 loans worth $840.65 million in fiscal year 2023.

Coleman Report
28081 Marguerite Pkwy.
#4525, Mission Viejo, CA 92690
bob@colemanreport.com


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Top Ten Leasing News Read by Readers
August 28 to September 1

(1) New California Annual Reporting Requirements and Law
  Prohibiting Unfair, Deceptive or Abusive Acts or Practices
By Marshall Goldberg, Esq. Leasing News Legal Editor
https://leasingnews.org/archives/Sept2023/09_01.htm#ca

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Aug2023/08_28.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Sept2023/09_01.htm#hires

(4) Be Fit, Be Strong, Make Money: Unlocking the Power
  of a Healthier Lifestyle
By Ken Lubin, ZRG Partners
https://leasingnews.org/archives/Aug2023/08_28.htm#be

(5) The Number of Millionaires Has Skyrocketed
Total number and share of population
https://leasingnews.org/archives/Aug2023/08_30.htm#number

(6) North Mill Equipment Finance - Meet the Funder
Free Webinar, Wednesday August 30, 3:00 pm (ET)
https://leasingnews.org/archives/Aug2023/08_30.htm#nm

(7) Maui residents consider the unthinkable:
Las Vegas, the ‘ninth island’
https://www.latimes.com/world-nation/story/2023-08-29/hawaii-fire-migration

(8) Readers Keep Asking why Leasing News Reports
on Marijuana Sales, State Income, and Their Growth
By Kit Menkin, Editor
https://leasingnews.org/archives/Sept2023/09_01.htm#readers

(9) ELFA Annual Convention Hotel Sold Out
Overflow Residence Inn Open for Reservations
https://leasingnews.org/archives/Aug2023/08_28.htm#elfa

(10) Brokers Expo New York City
October 10th, 2023
https://leasingnews.org/archives/Sept2023/09_01.htm#expo

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Beige Book-Federal Reserve System
National Summary report - 12 Districts

Overall Economic Activity

Contacts from most Districts indicated economic growth was modest during July and August. Consumer spending on tourism was stronger than expected, surging during what most contacts considered the last stage of pent-up demand for leisure travel from the pandemic era. But other retail spending continued to slow, especially on non-essential items. Some Districts highlighted reports suggesting consumers may have exhausted their savings and are relying more on borrowing to support spending. New auto sales did expand in many Districts, but contacts noted this had more to do with better availability of inventory rather than increased consumer demand. Manufacturing contacts in several Districts also noted that supply chain delays improved, and that they were better able to meet existing orders. New orders were stable or declined in most Districts, and backlogs shortened as demand for manufactured goods waned. One sector where supply did not become more available was single-family housing. Nearly all Districts reported the inventory of homes for sale remained constrained. Accordingly, new construction activity picked up for single-family housing. But multiple Districts noted that construction of affordable housing units was increasingly challenged by higher financing costs and rising insurance premiums. Bankers from different Districts had mixed experiences with growth in loan demand. Most indicated that consumer loan balances rose, and some Districts reported higher delinquencies on consumer credit lines. Agriculture conditions were somewhat mixed, but reports of drought and higher input costs were widespread. Energy activity was mostly unchanged during the final months of the summer.

Labor Markets

Job growth was subdued across the nation. Though hiring slowed, most Districts indicated imbalances persisted in the labor market as the availability of skilled workers and the number of applicants remained constrained. Worker retention improved in several Districts, but only in certain sectors such as manufacturing and transportation. Many contacts suggested "the second half of the year will be different" when describing wage growth. Growth in labor cost pressures was elevated in most Districts, often exceeding expectations during the first half of the year. But nearly all Districts indicated businesses renewed their previously unfulfilled expectations that wage growth will slow broadly in the near term.

Full Report:
https://www.federalreserve.gov/monetarypolicy/beigebook202309.htm

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Has Smoking Lost Its Cool?
Graphic - Total Number of Cigarettes Sold in U.S.

190.2 billion cigarettes were sold in the United States in 2021, marking the first time cigarette sales dropped below 200 billion since the FTC started tracking them in 1963.

The number of cigarette smokers in the United States has dropped over the past four decades, albeit not quite at the same pace as cigarette sales. According to the Centers for Disease Control and Prevention (CDC), an estimated 28.3 million adults in the U.S. smoked cigarettes in 2021, down 45 percent from 51.6 million in 1980. Has smoking lost its cool? 

As our chart illustrates, cigarette sales have declined more or less continuously over the past 40 years, dropping by more than 50 percent since 2000 and by 70 percent since smoking's heyday in the early 1980s. In the meantime, cigarette advertising and promotional spending climbed from $1.2 billion in 1980 to $8.1 billion in 2021, most of the latter coming in the form of wholesale and retail price discounts.

Felix Richter, Statista



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Watch at Home
by Fernando Croce, Leasing News Movie Reviewer

Atmospheric horror (“The Last Voyage of the Demeter”), a pair of engaging comedies (“No Hard Feelings,” “You Are So Not Invited to My Bat Mitzvah”), tasteful romance (“Past Lives”) and colorful animation (“Spider-Man: Across the Spider-Verse”) make for a splashy batch of streaming releases.

The Last Voyage of the Demeter (iTunes, Vudu): The vampire horror subgenre gets a transfusion of fresh blood in this entertainingchiller, which overcomes plot predictability with a generous dose of atmospheric style. Based on a chapter of Bram Stoker’s novel “Dracula,” it unfolds aboard the Demeter ship during a fateful voyage in 1897. On its way to London, it stopsat aBulgarian port to pick up some cargo that includes a crate carrying something mysterious and deadly. As the Transylvanian fiend gets loose and feasts on the blood of passengers, it’s up to a physician (Corey Hawkins) and a stowaway (Aisling Franciosi) to prevent the evil from spreading to land. Tensely directed by André Øvredal (“Scary Tales to Tell in the Dark”), this is gruesome fun all the way.

No Hard Feelings (iTunes, Vudu): After a string of serious roles, Jennifer Lawrence shows off her comedic skills in this breezy comedy from director Gene Stupnitsky (“Good Boys”). She plays Maddie, a Long Island bartender and Uber driver in danger of losing her house due to tax trouble. She finds an unlikely solution by answering an ad posted by the Beckers (Matthew Broderick and Laura Benanti), a wealthy couple looking for a girl to date their shy 19-year-old son, Percy (Andrew Barth Feldman), before he heads off to college. With the clock ticking, Maddie finds the arrangement to be tougher than she expected. Concealing a sentimental center behind its risqué surfaces, the movie is an agreeable love story that benefits greatly from Lawrence’s blend of brashness and vulnerability.

Past Lives (iTunes, Vudu): Korean-Canadian playwright Celine Song makes an acclaimed directorial debut with this nuanced romantic drama based on her personal experiences. Charting the emotional ebb and flow between two childhood friends, the story follows Nora (Greta Lee), who leaves Seoul to study in America, and Hae Sung (Teo Yoo), who remains in Korea. Despite being physically far from each other, the two retain an affectionate bond that seems perpetually on the verge of blooming into romance. Skype conversations can only go so far, however, so Nora eventually falls for a fellow writer (John Magaro). Can a meeting 12 years later reconnect the two? Favoring tastefulness over sentimentality, Song’s movie switches gracefully between the protagonists’ wavelengths to weave a bittersweet portrait of lost moments and missed chances.

Spider-Man: Across the Spider-Verse (Amazon Prime, iTunes, Vudu): As visually dazzling as the first film, this sequel to “Spider Man: Into the Spider-Verse” continues to explore animation for exhilarating alternatives to the rut of superhero blockbusters. Following multiple Spideys in parallel worlds, the story centers on New York teen Miles Morales (voiced by Shameik Moore), who joins Gwen Stacy (Hailee Steinfeld) as he faces a group of heroes known as the Spider-Society. When not sparring with a fellow Spider-Man named Miguel (Oscar Isaac), Morales must stop a universe-hopping villain known as The Spot (Jason Schwatzman). Directed by Joaquim Dos Santos, Kent Powers, and Justin K. Thompson, the movie offers an eye-popping blend of traditional drawings and computer effects that links comic-book panels and the cinematic screen to spectacular effect.

You Are So Not Invited to My Bat Mitzvah (Netflix): In his warmest, most engaging comedy in years, Adam Sandler makes this winning adaptation of Fiona Rosenbloom’s novel a family affair. Breathlessly looking forward to her Bat Mitzvah, young Stacy Friedman (Sunny Sandler) imagines a lavish party that she will share with her best friend, Lydia (Samantha Lorraine). Their rite of passage, to say nothing of their friendship, is threatened when they both start competing for the same boy, Andy Goldfarb (Dylan Hoffman). Energetically directed by Sammi Cohen, the film takes a bright and sympathetic look at the rites of adolescence and sisterhood, from crushes and dares to breakups and reconciliations. The fun supporting cast includes a scene-stealing Sarah Sherman and Sandler, who’s reunited with “Uncut Gems” co-star Idina Menzel.

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

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Mixed Breed
Ocean View, New Jersey  Adopt-a-Dog

Paisley

Female
Young
Medium
Tricolor
(Brown, Black& White)
Spayed
Up-to-Date Vaccinations

Beacon Animal Service
Contact Us:
https://www.beaconanimalrescue.org/contact.html

Beacon Animal Rescue
701 Butter Road
Ocean View, NJ 08230
609 390 7946
https://www.beaconanimalrescue.org

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Full List of AACFB Exhibitors - Hall Now Sold Out
Commercial Finance Expo Sept. 20-21 Orlando, Florida

Program Plus Member/Non-Member Registration
https://members.aacfb.org/AACFBMembers/Events/Event_Display.aspx?EventKey=EXPO23

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News Briefs---

Over 70,000 day-care programs at risk of closure,
    threatening U.S. women’s workforce gains
https://www.latimes.com/business/story/2023-09-06/over-70-000-day-care-programs-at-risk-of-closure-threatening-u-s-womens-workforce-gains

Real Estate Doom Loop Threatens America’s Banks
exposure to commercial real estate substantial
https://www.wsj.com/real-estate/commercial-real-estate-regional-banks-9f8f591

52 Million air-bag inflaters could be recalled by U.S.
auto regulators: What to know
https://www.washingtonpost.com/business/2023/09/06/arc-airbag-recall-inflater-nhtsa/

SVB Acquisition Just One of Many Bank Deals
Top Financial Firms Serving the Wine Industry
https://www.winebusiness.com/news/article/276254

The states that produce the most doctors,
artists and writers, and more
https://www.washingtonpost.com/business/2023/08/18/states-most-artists-writers/


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Google to require politicians to disclose
      use of AI in election ads
https://www.washingtonpost.com/technology/2023/09/06/google-political-ads-deepfakes/

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Sports Briefs---

The 49ers finally paid Nick Bosa because
      you can’t put a price on a Super Bowl
https://www.eastbaytimes.com/2023/09/06/kurtenbach-the-49ers-finally-paid-nick-bosa-because-you-cant-put-a-price-on-a-super-bowl/

Meet the San Francisco 49ers’ body-painted,
     banjo-playing super fans
https://www.eastbaytimes.com/2023/09/06/meet-the-san-francisco-49ers-body-painted-banjo-playing-superfans/


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California News Briefs---

Once-kidnapped Seagram heir lists
    Atherton mansion for $42 million
https://www.sfgate.com/local/article/seagram-heir-atherton-mansion-18351123.php

Fisherman’s Wharf is in trouble. But it’s
still more than a tourist trap
https://www.sfchronicle.com/sf/article/fishermans-wharf-tourist-18274985.phpp

San Jose hotel project site heads for
   real estate auction, foreclosure
https://www.mercurynews.com/2023/09/06/san-jose-hotel-real-estate-build-develop-covid-economy-foreclose-tech/


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Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8    

Where to participate in grape stomps in
     Sonoma, Napa counties
https://www.pressdemocrat.com/article/lifestyle/where-to-find-grape-stomps-in-sonoma-napa-counties/

Georgian Wine Producers Lose up to 100%
of their Vines in Storms Affecting 4,600ha
https://www.meiningers-international.com/wine/news-wine/georgian-wine-producers-lose-100-their-vines-storms-affecting-4600ha

New Zealand wine exports surge
by a record 23%
https://www.decanter.com/wine-news/new-zealand-wine-exports-surge-by-a-record-23-510461/

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This Day in History

    1630 - The Massachusetts town of Trimontaine (Shawmut), was renamed Boston, and became the state capital. It was named after a town of the same name in Lincolnshire, England.    
    1776 - According to American colonial reports, Ezra Lee made the world's first submarine attack in the Turtle, attempting to attach a time bomb to the hull of HMS Eagle in New York Harbor (no British records of this attack exist).
    1778 – During the Revolutionary War, France invaded Dominca in the British West Indies, before Britain became aware of France's involvement in the war.
    1816 - Teabout and Chapman launched the Frontenac, the first steamboat “to sail” on the Great Lakes, revolutionizing shipping.
    1825 - The Marquis de Lafayette, the French hero of the American Revolution, bade farewell to President John Quincy Adams at the White House.
    1857 - The Mountain Meadows massacre was a series of attacks on the Baker-Fancher emigrant wagon train, at Mountain Meadows in southern Utah. The attacks began on September 7 and culminated on September 11, 1857, resulting in the mass slaughter of the party by members of the Utah Territorial Militia with some Paiute Native Americans. The militia, officially called the Nauvoo Legion, was composed of southern Utah's Mormon settlers. Intending to leave no witnesses and thus prevent reprisals, the perpetrators killed all the adults and older children—about 120 men, women, and children in total. Seventeen children, all younger than seven, were spared.
    1860 – Grandma Moses (d. 1961) was born Anna Mary Robertson Moses in Greenwich, NY.  A renowned American folk artist, having begun painting in earnest at the age of 78, she is often cited as an example of an individual successfully beginning a career in the arts at an advanced age. Her works have been shown and sold in the United States and abroad and have been marketed on greeting cards and other merchandise. Moses' paintings are among the collections of many museums.
    1864 - In preparation for his march to the sea, Union General William T. Sherman orders residents of Atlanta, Georgia, to evacuate the city. Even though Sherman had just successfully captured Atlanta with minimal losses, he was worried about his supply lines, which stretched all the way to Louisville, Kentucky. With Confederate cavalry leader Nathan Bedford Forrest on the loose, Sherman expected to have a difficult time maintaining an open line of communication and reasoned that he could not stay in Atlanta for long. The number of troops committed to guarding the railroad and telegraph lines was almost as many as he had with him in Atlanta. For Sherman, the defeated residents of Atlanta could only hinder him in his preparations since they represented mouths to feed in addition to his own army. Furthermore, he did not want to bear responsibility for women and children in the midst of his army. Eviction of the residents was Sherman's most logical solution.  Sherman's order surely didn't win him any fans among the Southerners, but he was only starting to build his infamous reputation with the Confederates. In November, he embarked on his march to the sea, during which his army destroyed nearly everything that lay in its path.
    1875 – Edward F. Hutton (d. 1962) was born in Manhattan.  In 1904, Hutton, his brother, Franklyn, and Gerald M. Loeb founded the American stock brokerage firm E.F. Hutton.  Under their leadership, it became one of the most respected financial firms in the United States and for several decades was the second largest brokerage firm in the United States. E.F. Hutton merged in 1988 with Shearson Lehman/American Express.
    1876 - In Northfield, MN, Jesse James and the James-Younger Gang attempted to rob the town's bank but were driven off by armed citizens.
    1881 - The temperature soared to 101 degrees at New York City, 102 degrees at Boston, and 104 degrees at Washington, D.C.
    1892 - At the Olympic Club in New Orleans, James Corbett won the World Heavyweight Championship by knocking out John L. Sullivan in the 21st round. Corbett's new scientific boxing technique enabled him to dodge Sullivan's rushing attacks and wear him down with jabs.
    1903 – Taylor Caldwell (d. 1985) was born in Greenwich, CT.  Novelist and prolific author of popular fiction, also known by the pen names Marcus Holland and Max Reiner, and by her married name of J. Miriam Reback.  In her fiction, she often used real historical events or persons. Best-known works include “Dynasty of Death,” “Dear and Glorious Physician” (about Saint Luke), “Ceremony of the Innocent,” “Pillar of Iron,” “The Earth is the Lord's” (about Genghis Khan) and “Captains and Kings.”  Her last major novel, “Answer As a Man,” appeared in 1980.
    1903 - The Federation of American Motorcyclists was organized at Manhattan Beach, NY., when the New York Motorcycle Club, which in 1903 merged with the Alpha Motorcycle Club of Brooklyn. The first president was R.G. Betts of the New York Motor Cycle Club. About 200 delegates attended the first meeting, considered the first rumble of motorcyclists in the U.S.
    1907 – Walter Johnson of the Washington Senators beat the Red Sox for the first of 38 career 1-0 shutouts.  Johnson threw 130 shutouts during his career, 23 more than runner-up Grover Cleveland Alexander.   
    1908 - Trumpeter Max Kamisnky (d. 1994) birthday, Brockton, MA.
    1908 – Dr. Michael DeBakey (d. 2008) was born in Lake Charles, LA.  World-renowned American cardiac surgeon, innovator, scientist, medical educator, and international medical statesman.  DeBakey is known for his work on the treatment of heart patients and for his role in the development of the mobile army surgical hospital (MASH).
1908 – Put this on the list of things you’ll never see again.  On Labor Day, Washington Senators manager Joe Cantillon was forced to start Walter Johnson as one pitcher was sick and another returned to Washington to be with his sick wife. Only three Senators pitchers made the trip to New York.   The Big Train shut out the Highlanders for the third time in four days, 4-0, topping Jack Chesbro, allowing just two hits and no walks. In the three games, Walter allowed 12 hits, walked one, and struck out 12.
1909 – Elia Kazan (d. 2003) was born Elias Kazantzoglou in Constantinople, now Turkey.  Director, producer, writer and actor, described by The New York Times as "one of the most honored and influential directors in Broadway and Hollywood history."  Noted for drawing out the best dramatic performances from his actors, he directed 21 actors to Oscar nominations, resulting in nine wins. He directed a string of successful films, including “A Streetcar Named Desire” (1951), “On the Waterfront” (1954), and “East of Eden” (1955). During his career, he won two Oscars as Best Director and received an Honorary Oscar, won three Tony Awards, and four Golden Globes.  A turning point in Kazan's career came with his testimony as a witness before the House Committee on Un-American Activities in 1952 at the time of the blacklist, which brought him strong negative reactions from many liberal friends and colleagues. His testimony helped end the careers of former acting colleagues, along with ending the work of playwright Clifford Odets.  Nearly a half-century later, his anti-Communist testimony continued to cause controversy. When Kazan was awarded an honorary Oscar in 1999, dozens of actors chose not to applaud as 250 demonstrators picketed the event. 
    1912 – David Packard (d. 1996) was born Pueblo, CO.  An electrical engineer and co-founder, with William Hewlett, of Hewlett-Packard (1939), serving as president (1947–64), CEO (1964–68), and Chairman of the Board (1964–68, 1972–93). He served as US Deputy Secretary of Defense from 1969 to 1971 during the Nixon Administration. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.    
    1922 - Joe Newman (d. 1992) birthday (Great Count Basie trumpet player-13 years), New Orleans.
    1924 – Daniel Inouye (d. 2012) was born in Honolulu.  US Senator from Hawaii from 1963 to 2012. He was President pro tempore (3d line the presidential line of succession) of the Senate from 2010 until his death in 2012, making him the highest-ranking Asian American politician in U.S. history. Inouye fought in World War II and lost his right arm to a grenade wound.   He was a Medal of Honor recipient, received several military decorations and was a posthumous recipient of the Presidential Medal of Freedom.
    1930 - Tenor saxophonist Sonny Rollins was born Walter Theodore Rollins, Sugar Hill in Harlem. 
    1936 - Singer Buddy Holly (d. 1959) was born Charles Hardin Holley in Lubbock, TX. Musician and singer-songwriter who was a central figure of mid-1950s rock and roll.  In 1955, after opening for Elvis, Holly decided to pursue a career in music. He opened for Presley three times that year; his band's style shifted from country and western to entirely rock and roll. In October that year, when he opened for Bill Haley & The Comets, Holly was spotted by Nashville scout Eddie Crandall, who helped him get a contract with Decca Records.  Unhappy with their control in the studio and with the sound he achieved there, Holly went to producer Norman Petty in New Mexico and recorded a demo of "That’ll Be the Day” among other songs. In September 1957, as the band now known as Buddy Holly and The Crickets, toured, "That'll Be the Day" topped the US and UK charts. Its success was followed in October by another major hit, "Peggy Sue."  In early 1959, Holly assembled a new band, including future country music star Waylon Jennings and embarked on a tour of the midwestern U.S. After a show in Clear Lake, IA, Holly chartered an airplane to travel to his next show. Soon after takeoff, the plane crashed, killing Holly, Ritchie Valens, The Big Bopper, and the pilot, in a tragedy later elegized by Don McLean as "American Pie."  
https://en.wikipedia.org/wiki/Buddy_Holly
1944 - MAXWELL, ROBERT D., Medal of Honor
Rank and organization: Technician Fifth Grade, U.S. Army, 7th Infantry, 3d Infantry Division. Place and date: Near Besancon, France, 7 September 1944. Entered service at: Larimer County, Colo. Birth: Boise, Idaho. G.O. No.: 24, 6 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty on 7 September 1944, near Besancon, France. Technician 5th Grade Maxwell and 3 other soldiers, armed only with .45 caliber automatic pistols, defended the battalion observation post against an overwhelming onslaught by enemy infantrymen in approximately platoon strength, supported by 20mm. flak and machinegun fire, who had infiltrated through the battalion's forward companies and were attacking the observation post with machinegun, machine pistol, and grenade fire at ranges as close as 10 yards. Despite a hail of fire from automatic weapons and grenade launchers, Technician 5th Grade Maxwell aggressively fought off advancing enemy elements and, by his calmness, tenacity, and fortitude, inspired his fellows to continue the unequal struggle. When an enemy hand grenade was thrown in the midst of his squad, Technician 5th Grade Maxwell unhesitatingly hurled himself squarely upon it, using his blanket and his unprotected body to absorb the full force of the explosion. This act of instantaneous heroism permanently maimed Technician 5th Grade Maxwell, but saved the lives of his comrades in arms and facilitated maintenance of vital military communications during the temporary withdrawal of the battalion's forward headquarters.
1950 - “Truth or Consequences” premiered on television. The half-hour show was based on a parlor game: contestants who failed to answer a question before the buzzer (nickname Beulah) went off had to perform stunts (i.e., pay the consequences.) Ralph Edwards created and hosted the show until 1954, then it became a prime-time show hosted by Jack Bailey. My father's very close friend, Morris Burman, was the lead writer. Bob Barker succeeded Bailey in 1966 and hosted it through syndication through 1974. In 1977, the show was revived as “The New Truth of Consequences” with Bob Hilton as host, ending in 1988.
    1951 - CRUMP, JERRY K., Medal of Honor
Rank and organization: Corporal, U.S. Army, Company L, 7th Infantry Regiment, 3d Infantry Division. Place and date: Near Chorwon, Korea, 6 and 7 September 1951. Entered service at: Forest City, N.C. Born: 18 February 1933, Charlotte, N.C. G.O. No.: 68, 11 July 1952. Citation. Cpl. Crump, a member of Company L, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. During the night a numerically superior hostile force launched an assault against his platoon on Hill 284, overrunning friendly positions and swarming into the sector. Cpl. Crump repeatedly exposed himself to deliver effective fire into the ranks of the assailants, inflicting numerous casualties. Observing 2 enemy soldiers endeavoring to capture a friendly machine gun, he charged and killed both with his bayonet, regaining control of the weapon. Returning to his position, now occupied by 4 of his wounded comrades, he continued his accurate fire into enemy troops surrounding his emplacement. When a hostile soldier hurled a grenade into the position, Cpl. Crump immediately flung himself over the missile, absorbing the blast with his body and saving his comrades from death or serious injury. His aggressive actions had so inspired his comrades that a spirited counterattack drove the enemy from the perimeter. Cpl. Crump's heroic devotion to duty, indomitable fighting spirit, and willingness to sacrifice himself to save his comrades reflect the highest credit upon himself, the infantry and the U.S. Army.
    1951 - KANELL, BILLIE G., Medal of Honor
Rank and organization: Private, U.S. Army, Company I, 35th Infantry Regiment, 25th Infantry Division. Place and date: Near Pyongyang, Korea, 7 September 1951. Entered service at: Poplar Bluff, Mo. Born: 26 June 1931, Poplar Bluff, Mo. G.O. No.: 57, 13 June 1952. Citation: Pvt. Kanell, a member of Company I, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. A numerically superior hostile force had launched a fanatical assault against friendly positions, supported by mortar and artillery fire, when Pvt. Kanell stood in his emplacement exposed to enemy observation and action and delivered accurate fire into the ranks of the assailants. An enemy grenade was hurled into his emplacement and Pvt. Kanell threw himself upon the grenade, absorbing the blast with his body to protect 2 of his comrades from serious injury and possible death. A few seconds later another grenade was thrown into the emplacement and, although seriously wounded by the first missile, he summoned his waning strength to roll toward the second grenade and used his body as a shield to again protect his comrades. He was mortally wounded as a result of his heroic actions. His indomitable courage, sustained fortitude against overwhelming odds, and gallant self-sacrifice reflect the highest credit upon himself, the infantry, and the U.S. Army.
    1952 - PORTER, DONN F., Medal of Honor
Rank and organization: Sergeant, U.S. Army, Company G, 14th Infantry Regiment, 25th Infantry Division. Place and date: Near Mundung-ni Korea, 7 September 1952. Entered service at: Baltimore, Md. Born: 1 March 1931, Sewickley, Pa. G.O. No.: 64, 18 August 1953. Citation: Sgt. Porter, a member of Company G, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. Advancing under cover of intense mortar and artillery fire, 2 hostile platoons attacked a combat outpost commanded by Sgt. Porter, destroyed communications, and killed 2 of his 3-man crew. Gallantly maintaining his position, he poured deadly accurate fire into the ranks of the enemy, killing 15 and dispersing the remainder. After falling back under a hail of fire, the determined foe reorganized and stormed forward in an attempt to overrun the outpost. Without hesitation, Sgt. Porter jumped from his position with bayonet fixed and, meeting the onslaught and in close combat, killed 6 hostile soldiers and routed the attack. While returning to the outpost, he was killed by an artillery burst, but his courageous actions forced the enemy to break off the engagement and thwarted a surprise attack on the main line of resistance. Sgt. Porter's incredible display of valor, gallant self-sacrifice, and consummate devotion to duty reflect the highest credit upon himself and uphold the noble traditions of the military service.
    1953 - American tennis great Maureen “Little Mo” Connolly became the first woman to win the Grand Slam, the four major tournaments in the same year. She began with the Australian Open, then the French Open and then Wimbledon. At the US championships at Forest Hills, NY, she defeated Doris Hart in the final, 6-2, 5-4. Connolly was so dominating that the match lasted only 43 minutes.
    1956 - “The Adventures of Jim Bowie” premiered. My father, Lawrence Menkin, wrote some of the episodes. This half-hour western about the inventor of the Bowie knife starred Scott Forbes as the title character. There was much criticism about the early violence, and as a results action was greatly decreased on this original television series (Bowie rarely used his knife and even fist fights were removed from air.)
    1957 - Elvis enters a recording studio to cut "Treat Me Nice," "Don't" and the tracks for his upcoming Christmas album
    1958 - Georgia Gibbs performs "The Hula-Hoop Song" on The Ed Sullivan Show, boosting the craze that is sweeping North America. The song would be the last of nine Top-40 hits for Gibbs.
    1963 - Three weeks after its release, The Beatles' "She Loves You" hits #1 in England. It remained on the charts for thirty-one consecutive weeks, eighteen of those in the top three.
    1963 - The Pro Football Hall of Fame opened in Canton, OH with 17 charter members:  Jim Thorpe, Ernie Nevers, Bronco Nagurski, Don Hutson, Cal Hubbard, Pete Henry, Mel Hein, Red Grange, Dutch Clark, Johnny Blood, Sammy Baugh, George Halas, Curly Lambeau, George Preston Marshall, Tim Mara, Joe Carr and Bert Bell. The reasons Canton was selected:  The NFL was founded in Canton in 1920 (at that time it was known as the American Professional Football Association); second, the now-defunct Canton Bulldogs were a successful NFL team during the first few years of the league.
    1966 - Roy Orbison begins filming his one and only starring role, in the unlikely Western comedy “The Fastest Guitar Alive,” with a cameo by Sam "The Sham" Samudio of "Wooly Bully" fame.
    1967 - At Candlestick Park, the Giants tie a National League mark using a record 25 players to beat the Astros in 15 innings, 3-2. Manager Herman Franks uses all his starters and five relief pitchers, sends six pinch hitters to the plate; three players enter the contest as pinch runners along with two defensive substitutions.
    1967 - “The Flying Nun” premiered on television, about a nun at a convent in Puerto Rico who discovers that she can fly, starring Sally Fields.
    1968 - The Doors' LP “Waiting for the Sun” hits #1
    1970 - A lightning bolt struck a group of football players at Gibbs High School in Saint Petersburg FL, killing two persons and injuring 22 others. All the thirty-eight players and four coaches were knocked off their feet
    1970 - ENGLISH, GLENN H., JR., Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company E, 3d Battalion, ~03 Infantry, 173d Airborne Brigade. Place and date: Phu My District, Republic of Vietnam, 7 September 1970. Entered service at: Philadelphia, Pa. Born: 23 April 1940, Altoona, Pa. Citation: S/Sgt. English was riding in the lead armored personnel carrier in a 4-vehicle column when an enemy mine exploded in front of his vehicle. As the vehicle swerved from the road, a concealed enemy force waiting in ambush opened fire with automatic weapons and anti-tank grenades, striking the vehicle several times and setting it on fire. S/Sgt. English escaped from the disabled vehicle and, without pausing to extinguish the flames on his clothing, rallied his stunned unit. He then led it in a vigorous assault, in the face of heavy enemy automatic weapons fire, on the entrenched enemy position. This prompt and courageous action routed the enemy and saved his unit from destruction. Following the assault, S/Sgt. English heard the cries of 3 men still trapped inside the vehicle. Paying no heed to warnings that the ammunition and fuel in the burning personnel carrier might explode at any moment, S/Sgt. English raced to the vehicle and climbed inside to rescue his wounded comrades. As he was lifting 1 of the men to safety, the vehicle exploded, mortally wounding him and the man he was attempting to save. By his extraordinary devotion to duty, indomitable courage, and utter disregard for his own safety, S/Sgt. English saved his unit from destruction and selflessly sacrificed his life in a brave attempt to save 3 comrades. S/Sgt. English's conspicuous gallantry and intrepidity in action at the cost of his life were an inspiration to his comrades and are in the highest traditions of the U.S. Army.
    1974 - Elton John is awarded a gold record for "Don't Let the Sun Go Down On Me." The single was #2 on the Hot 100 for four straight weeks but was kept out of the top spot by John Denver's "Annie's Song," Roberta Flack's "Feel Like Makin' Love" and Paper Lace's "The Night Chicago Died."
    1977 - In Washington, President Jimmy Carter and Panamanian dictator Omar Torrijos sign a treaty agreeing to transfer control of the Panama Canal from the United States to Panama at the end of the 20th century. The Panama Canal Treaty also authorized the immediate abolishment of the Canal Zone, a 10-mile-wide, 40-mile-long U.S.-controlled area that bisected the Republic of Panama. Many in Congress opposed giving up control of the Panama Canal--an enduring symbol of U.S. power and technological prowess--but America's colonial-type administration of the strategic waterway had long irritated Panamanians and other Latin Americans. The rush of settlers to California and Oregon in the mid-19th century was the initial impetus of the U.S. desire to build an artificial waterway across Central America. In 1855, the United States completed a railroad across the Isthmus of Panama (then part of Colombia), prompting various parties to propose canal-building plans. Ultimately, Colombia awarded the rights to build the canal to Ferdinand de Lesseps, the French entrepreneur who had completed the Suez Canal in 1869. Construction on a sea-level canal began in 1881, but inadequate planning, disease among the workers, and financial problems drove Lesseps' company into bankruptcy in 1889.
    1979 - The Chrysler Corporation asked the United States government for $1.5 billion to avoid bankruptcy.
    1979 – A game-changing development in television was launched with the Entertainment and Sports Programming Network in Bristol CT. An estimated 30,000 viewers tuned in to witness the launch.  Simultaneously, ESPN debuted its first “Sports Center” telecast with anchors Lee Leonard and George Grande.   The first words spoken were from Leonard who informed viewers: "If you're a fan, if you're a fan, what you'll see in the next minutes, hours, and days to follow may convince you you've gone to sports heaven."  The first score Grande announced was Chris Evert’s victory over Billie Jean King at the US Open tennis tournament.  New England sports announcer William Rasmussen founded ESPN to broadcast New England Whalers hockey games and University of Connecticut sports events. It was purchased by the Getty Oil Company before it began broadcasting in 1979, the year it began signing large advertising contracts. In 1984 it was sold to ABC, Inc., and three years later, began broadcasting NFL games on Sunday nights. Though a cable network, ESPN competed with the established networks in producing live sporting events. In 1990 it paid $400 million to Major League Baseball to broadcast 175 games annually for four years. NHL games, college basketball and football games, including bowl and all-star games, and bowling, golf, martial arts, tennis, and lacrosse matches were among the more than 65 sports broadcast on ESPN, which transmitted 24 hours a day. 
1986 - Off the coast of Florida, an F-106 “Delta Dart” of the 125th Fighter-Interceptor Squadron encounters a Soviet Air Force Tu-95 “Bear” bomber flying parallel to the twelve-mile limit of U.S. airspace as it makes its way from Russia to Cuba. These are routine flights which are just as routinely met by Air Guard fighters who act as ‘escorts’ to be sure the bombers pose no threat to the U.S. homeland. Since 1953, Air Guard fighter-interceptor units took on an air defense mission, challenging unidentified aircraft flying into American airspace. Air Guard pilots and aircraft stood alert 24 hours a day, every day. This mission grew each year and by 1965, the 22 interceptor squadrons flew 30,000 hours and completed 38,000 alert sorties. By 1988, the Air Guard provided 86% of the Air Force units assigned to national airspace security. In the post 9/11 environment, the Air Guard has continued and expanded its role in homeland defense by flying overhead cover for major cities in times of heightened alert as well as investigating all suspicious air traffic heading toward or across the country.
    1988 - Fifty cities across the eastern U.S. reported record low temperatures. The low of 56 degrees at Mobile, AL was their coolest reading of record for so early in the season. The mercury dipped to 31 degrees at Athens, OH, and to 30 degrees at Thomas, WV.
    1993 - Dr. Joycelyn Elders, born in 1933 in Schaal, AR, became the first African-American Surgeon General. Elders, the former health director of the state of Arkansas, was confirmed by a Senate vote of 65 to 34.
    1995 – Oregon Senator Bob Packwood resigned rather than face expulsion after allegations of sexual harassment, abuse, and assault of women emerged. Packwood's political career began to unravel in November 1992, when a Washington Post story detailed claims of sexual abuse and assault from ten women, chiefly former staffers and lobbyists. Publication of the story was delayed until after the 1992 election, as Packwood had denied the allegations and the Post had not gathered enough information about the story at the time. Packwood defeated the Democratic nominee, 52.1% to 46.5%–easily his closest race since his initial run for the seat a quarter-century earlier. Eventually 19 women came forward.  As the situation developed, Packwood's diary became an issue. Wrangling over whether the diary could be subpoenaed and whether it was protected by the Fifth Amendment's protection against self-incrimination ensued. He did divulge 5,000 pages to the Senate Ethics Committee but balked when a further 3,200 pages were demanded by the committee. It was discovered that he had edited the diary, removing what were allegedly references to sexual encounters and the sexual abuse allegations made against him. Packwood then made what some of his colleagues interpreted as a threat to expose wrongdoing by other members of Congress. The diary allegedly detailed some of his abusive behavior toward women and, according to a press statement made by Richard Bryan, at that time serving as senator from Nevada, "raised questions about possible violations of one or more laws, including criminal laws." Despite pressure for open hearings from the public and from female Senators, the Senate ultimately decided against them.  The Ethics Committee's indictment, much of it from Packwood's own writings, according to a report in The New York Times, detailed the sexual misconduct, obstruction of justice, and ethics charges being made against him.  The Ethics Committee referred to Packwood's "habitual pattern of aggressive, blatantly sexual advances, mostly directed at members of his own staff or others whose livelihoods were connected in some way to his power and authority as a Senator" and said Packwood's behavior included "deliberately altering and destroying relevant portions of his diary" which Packwood himself had written in the diary were "very incriminating information". On September 7, the committee unanimously recommended that Packwood be expelled from the Senate. 
1996 - In a pre-game ceremony in front of sellout crowd at the Metrodome, the Twins bid farewell to Kirby Puckett, one of team's popular players in recent years. After a remarkable 12-year Hall of Fame career, the talented and personable outfielder was forced to retire in July because of blindness in his right eye caused by glaucoma.  He died in 2006.
    2001 - During his 30th Anniversary celebration at Madison Square Garden, Michael Jackson is reunited onstage with the Jackson 5 for the first time since 1984.
    2008 – On the heels of The Great Recession that was precipitated by a subprime mortgage collapse, the US Government took control of Freddie Mac and Fannie Mae.  Following their mission to meet HUD housing goals, GSEs such as Fannie Mae, Freddie Mac and the Federal Home Loan Banks (FHL Banks) had striven to improve home ownership of low and middle income families, underserved areas, and generally through special affordable methods such as "the ability to obtain a 30-year fixed-rate mortgage with a low down payment... and the continuous availability of mortgage credit under a wide range of economic conditions."  Then in 2003–2004, the subprime mortgage crisis began.  The market shifted away from regulated GSE's and radically toward Mortgage Backed Securities (MBS) issued by unregulated private-label securitization conduits, typically operated by investment banks.  Fannie Mae and smaller Freddie Mac owned or guaranteed a massive proportion of all home loans in the United States and so were especially hard hit by the slump. The government officials also stated that the government had also considered calling for explicit government guarantee through legislation of $5 trillion on debt owned or guaranteed by the two companies.  On Oct 21, 2010, FHFA estimates revealed that the bailout of Freddie Mac and Fannie Mae will likely cost taxpayers $224–360 billion in total, with over $150 billion already provided
    2010 - Trevor Hoffman earns his 600th save, the first Major Leaguer to do so, when he induces pinch-hitter Aaron Miles to hit a grounder for the final out in the Brewers' 4-2 victory over St. Louis at Miller Park. The 42-year-old reliever, baseball's career saves leader, has converted 600 of his 676 save opportunities (89%) during his 18-year career with Florida, San Diego and Milwaukee. Hoffman remains second behind the all-time saves leader, Mariano Rivera, who retired with 652.  Hoffman entered the Baseball Hall of Fame in 2018.
    2014 - Serena Williams beat Caroline Wozniacki in the U.S. Open final, joining Martina Navratilova and Chris Evert in having won 18 Grand Slam singles victories.

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