Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

You May Have Missed --
Watching Real-Estate Bust From Streets of San Francisco
New landmarks are struggling buildings and mall losing tenants

######## 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.

North Mill Equipment Finance Scores Again with
$463 Million Term Securitization

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender headquarted in Norwalk, Connecticut, announced the closing of its seventh asset backed securitization (ABS), NMEF Funding 2023-A (“NMEF 2023-A”).

NMEF’s President and Chief Operating Officer, Mark Bonanno, said, “Amid a busy week of $18 billion in new ABS issuances, the NMEF offering garnished ~2X orders on the initial notes.

“This strong interest by institutional investors allowed NMEF to upsize the initial offering ~12% in the middle of pre-marketing, ending with a book of 38 orders by 27 unique investors, making it NMEF’s largest ABS transaction ever.”

The $456 million transaction is NMEF’s first ABS transaction this year, bringing the total privately placed bond proceeds raised by NMEF since inception to $1.9 billion. NMEF 2023-A featured four classes of notes with the A note split into two tranches, one of which was the first money market note issuance by NMEF to utilize a Moody’s AAA rating.

Mitch Tobak, NMEF’s VP of Corporate Development, explained, “This transaction provides NMEF with continued diversity of capital during a challenging economic cycle that has featured a record 11 consecutive Fed interest rate hikes going back to early 2022, with the Fed bringing their benchmark interest rate to their highest level in 22 years.

“We are grateful for the continued support of our 200+ referral partners and the approximately 13K active borrowers and lessees they have referred to NMEF.”

About NMEF
NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,000,000 in value. A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, renovation, janitorial and material handling equipment.

NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters is in Norwalk, CT, with regional offices in Irvine, CA, Dover, NH, and Voorhees NJ.
https://nmef.com/

One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans since 2003 from offices in North Hollywood, CA and Las Vegas, NV.
For more information, visit https://www.britecap.com/

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New Hires/Promotions in the Leasing Business
and Related Industries

Carl Bretzman was announced as Business Development Manager, Mitsubishi HC Capital America, Chicago, Illinois, in a press release. He assumed the role in August. He is located in Crystal Lake, Illinois. Previously, he was Regional Account Executive, PLM Fleet LLC dba PLM Trailer Leasing (March, 2023 - August, 2023); Global Account Manager/Alexander's Mobility Services, Atlas (2019 - 2013); Program Sales & Finance Manager, Hertz (2010 -2018). Full Bio:
https://www.linkedin.com/in/carl-bretzman-b98857128/details/experience/
https://www.linkedin.com/in/carl-bretz

Michael Gabel was hired as Vice President and Equipment Finance Senior Underwriter for Trustmark, Jackson, Mississippi. He is located in Greater Philadelphia. Previously, he was Senior Credit Underwriter, Lending Club (April, 2022 - September, 2023); Vice President and Underwriter IV, Commercial, PNC (November, 2015 - April, 2022); Senior Credit Analyst, Royal Bank America (June, 2015 - November, 2015); Senior Credit Analyst, De Lage Lander (October, 2013 - June, 2015).
Full Bio:
https://www.linkedin.com/in/michaelgabell/details/experience/
https://www.linkedin.com/in/michaelgabell/

Dominick Longo was hired as Chief Credit Risk Officer, Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., a Wintrust Community Bank, Irvine, California. He is located
in the New York City Metropolitan Area. Previously, he was Vice President, Credit, Vendor Equipment Finance, TIAA Bank (November, 2008 - September, 2023); SVP Chief Credit Officer, CIT Group (2000 - 2008); Senior Credit Officer, AT&T Capital/Newcourt Credit Group (1986 - 2000).
https://www.linkedin.com/in/dominick-longo-137339107/

Why I Recommend Reading Leasing News Editions
By Ken Greene, Esq.

"There are a few things that make Leasing News a unique standout in the world of journalism, particularly as it relates to the equipment finance. industry. Among the winning feature is the variety, the weltanschauung, if you will, from dogs, to wine, to the humous placards. Last and least, I’m big fan of the legal columns."

Kenneth Charles Greene
Law Office of Kenneth Charles Greene
www.kengreenelaw.com

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

Yet Another California
Commercial Financial Bill Signed into Law
By Kenneth C. Greene, Leasing News Emeritus

They say good things come in threes. First came the California Finance Law, then the California Financial Disclosure Law, and now, the Commercial Financing Transactions with Small Businesses. Governor Newsom signed the law, Title 1.90 (formerly Senate Bill 666) on September 20, 2023.

What Does It Mean

Generally, the law prohibits “covered entities”, meaning a provider or a broker, from charging specified fees in connection with a small (less than $500,000) commercial financing transaction or with a small business or small business owner (fewer than 100 employees and average gross receipts of $15 million over the past three years).

What Constitutes A Broker In This Context?

Transmitting confidential data about a recipient to a provider;
Making a referral to a provider with the expectation of compensation;
Participating in negotiating commercial financing;
Counseling or otherwise making recommendations to a prospective recipient;
Participating in the preparation of financing documents, other than providing blank copies;
Communicating approval decisions; or
Charging a fee to a prospective recipient.

What Is Confidential Data?

A bank account number;
A bank statement;
A debit or credit card number;
A credit score;
All or a portion of a Social Security number;
Personal or business income information; or
A taxpayer or employer identification number,

What Are The Statutory Prohibitions?

You can’t accept a fee for accepting or processing a payment required by the terms of a commercial financing contract as an ACH debit, unless the fee is incurred because of insufficient funds in the recipient’s account;
You can’t charge a fee for providing a statement of the amount due on the account;
You may not assess a fee that does not have a “clear corresponding service” for that fee, including, but not limited to a risk assessment, due diligence or a platform fee;
You may not assess a fee for monitoring collateral, unless the account is delinquent by more than 60 day; or
A fee for terminating a lien under the Uniform Commercial Code that exceeds 150% of the costs of the filing or termination.

What Are The Penalties For Violations?

Actual damages;
Statutory damages of at least $500 but not greater than $2500;
Injunctive relief; and/or
Attorneys’ fees and costs

Are There Exemptions?

Of course there are:

Depository institutions.
Lender regulated by the Federal Farm Act.
A transaction secured by real property.
A person who makes no more than one loan in any 12-month period.
A person who makes fewer than 5 loans in any 12 month period that are incidental to the business of that person.

The statute may be found at https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB666

Kenneth Charles Greene
Law Office of Kenneth Charles Greene
Suite 208
5743 Corsa Avenue
Westlake Village, CA 91362
Tel: 818.575.9095
Fax: 805.435.7464
Email: ken@kengreenelaw.com

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NVLA 2023 Annual Conference
October 11-13, 2023 Austin, Texas

Information and Registration
https://www.nvla.org/page/2023NVLAConference

Top Ten Leasing News Read by Readers
September 18 - September 22

(1) What’s New In the World of Disclosure
By Kenneth C. Greene, Leasing
https://leasingnews.org/archives/Sept2023/09_20.htm#what

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Sept2023/09_18.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Sept2023/09_20.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Sept2023/09_20.htm#hires

(5) Break-even Point
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Sept2023/09_18.htm#break

(6) Where Most Money Is Sent Back Home
Top Countries Receiving USD Remittances
https://leasingnews.org/archives/Sept2023/09_18.htm#where

(7) Ranked: The 20 Best Franchises
to Open in the United States
https://leasingnews.org/archives/Sept2023/09_20.htm#ranked

(8) ELFF Reports Monthly Confidence Mostly Steady
Dropping Slightly from August 50.4 to September 50.3
https://leasingnews.org/archives/Sept2023/09_22.htm#elff

(9) Delta president explains why Tom Brady
was hired as strategic adviser
https://www.ajc.com/news/atlanta-airport-blog/delta-president-explains-why-tom-brady-was-hired-as-strategic-adviser/4UZI4VWCTFCM7B2VUHKR4DTUMQ/

(10) Flaunt Yourself
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Sept2023/09_20.htm#flaunt

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The Countries Pledging the Most Military Aid to Ukraine
Jan. 24, 2022 to Jul. 31,2023

On Wednesday, amid a diplomatic dispute over Ukrainian grain exports, Polish Prime Minister Mateusz Morawiecki said Poland is “no longer transferring any weapons to Ukraine because we are now arming ourselves with the most modern weapons”. A government spokesman clarified on Thursday that the country would continue "providing supplies of ammunition and armaments that had previously been agreed to".

As this infographic using data from the Ukraine Support Tracker by the Kiel Institute for the World Economy shows, Poland has been one of Ukraine's most important military aid partners since the war began. In a boost for Kyiv, Ukraine President Zelensky welcomed the news on Thursday that its largest military aid donor, the United States, had committed to sending a further $325 million.

Looking at pledges of military aid to Ukraine between January 24, 2022 and July 31, 2023, the U.S. government committed a total of €42.1 billion. In relative terms, however, this military aid commitment amounts to approximately 0.2 percent of U.S. GDP. Looking at this metric, Ukraine's smaller neighbors have, relatively, contributed more to the war effort: For example Estonia (1.3 percent of GDP) or Lithuania (1.2 percent). Poland's military aid commitments have been equivalent to 0.5 percent of its GDP.

By Martin Armstrong, Statista

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SBA Data Show Major Increase in Loans to
Black-Owned Businesses under Biden-Harris

The number and share of SBA-backed 7(a) and 504 loans going to
Black-Owned businesses more than doubled since 2020

WASHINGTON – Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), joined Congressman Steven Horsford at the 2023 Congressional Black Caucus Foundation’s Annual Legislative Conference to announce new data showing the rate of SBA-backed loans going to Black-owned businesses has more than doubled under the Biden-Harris Administration.

SBA Administrator Isabella Casillas Guzman said, “Black businesses are helping to power a nationwide small business boom that is creating jobs, advancing equity in communities across America, and uplifting our economy.

“Today’s benchmark loan numbers show our work under President Biden’s Investing in America agenda making inroads to support more of America’s Black small business owners. Despite these gains, we still have a long way to go. We continue to push forward with long overdue and transformational reforms to our lending and investment programs that will raise the bar of equity and opportunity even further for all of America’s small businesses."

The SBA guarantee enables lenders to offer credit to businesses that otherwise would not qualify. SBA lenders must adhere to interest rate caps and fee restrictions; they often help borrowers by providing longer repayment periods that would otherwise be unavailable.

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Breakout Capital and 12 Five Capital Join Forces
to Create a Powerhouse in Small Business Lending

Merger Sets the Stage for Streamlined Access to Customized Lending Solutions for Small Business Clients Nationwide.

Charleston, SC, – Breakout Capital, a leading FinTech company simplifying access to term loans for small businesses, is delighted to announce the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and asset-based lending. The merger, facilitated by Altriarch Commercial Finance, Inc., the new parent company of both Breakout and 12Five, establishes a strategic alliance with a day-one portfolio exceeding $80 million. The synergistic move unites two enterprises dedicated to addressing the ever-changing needs of small businesses across the United States and sets the stage for further expansion within commercial finance.

This strategic alliance aims to establish a comprehensive suite of specialized financial products designed to address the unique challenges that small business owners face. By offering a wider range of products, the combined organization will enhance the client experience with convenient access to term loans, factoring, purchase order financing and asset-based lending, all under one roof.

Both companies were founded on the principle of being a trusted lender for businesses struggling to obtain conventional financing. Breakout Capital, founded in 2015, has maintained an unwavering commitment to transparency by encouraging a culture that embraces open lines of communication between borrowers and lenders. Since 2010, 12Five Capital has been serving the needs of emerging businesses that may ﬁnd traditional bank ﬁnancing unsuitable or inaccessible by offering innovative financing programs with a focus on product education and long-term partnership as the business grows.

McLean Wilson, CEO and President of Breakout Capital, said, “At the core of our mission lies a pledge to always put our clients first,

“With the needs of our clients front and center, we aim to provide personalized support and customized financial solutions that empower business owners to succeed. This strategic merger will not only provide our clients with access to a wider variety of in-house financing options, but it will also reinforce our shared commitment to growth and innovation. Together, we’re excited to take the next step toward a brighter financial future for our clients and our business.”

Ryan Jaskiewicz, CEO of 12Five Capital, said, “I am thrilled about this merger, which is a testament to our unwavering commitment to our core values. At 12Five, we've always believed in running our business not just for profit, but for a purpose. Our culture, built on strong values and driven by technology, has been the backbone of our success. When I founded 12Five, my vision was to provide essential capital to underserved businesses and be their first choice, not the last. Our focus has always been on accelerating our clients' progress in both their businesses and lives, all while upholding the highest standards of ethics and integrity. By joining forces with Breakout Capital, we amplify our commitment to this mission. We share a common culture, values, and a dedication to harnessing technology for innovative solutions that will drive our clients forward.”

Wilson will serve the combined firm as Co-Chief Executive Officer alongside Danielle Brown who joins the firm also as Co-CEO. Jaskiewicz, who will serve as the firm’s Chief Strategy Officer, has been entrusted with the responsibility of corporate strategic planning, technology innovation and leading the highly critical asset-based lending and factoring divisions for the company. His vast experience and expertise in these areas will enable him to execute his crucial role in steering the company towards further growth and product expansion.

About Breakout Capital

Breakout Capital, headquartered in Charleston, SC, with offices in McLean, VA, is one of the fastest growing FinTech companies in the nation, offering transparent and innovative small business lending solutions. As a strong advocate for small business growth, Breakout is dedicated to increased transparency and the adoption of best practices within the alternative capital industry.

Since 2015, Breakout has provided nearly $500 million in funding to small businesses in every corner of the U.S. To learn more, visit breakoutfinance.com, or its social media pages on LinkedIn, Facebook, Instagram and Twitter.

About 12Five Capital

12Five Capital provides a variety of business financing services, including factoring, purchase order finance, asset-based lines of credit, inventory, and equipment lending. The company was founded in 2010 to fill a gap in the market and serve an underserved portion of the community by making the business financing process simple for all companies, regardless of size.

Since its inception, 12Five has operated based on a strong set of core values and a culture that places a premium on innovation and technology. The company has consistently sought to be the first choice of business financing for its clients by hiring top-quality employees who share its philosophy and mindset. 12Five Capital has become a trusted name in the industry, known for its commitment to providing quality services and unparalleled customer support.

The company's emphasis on culture, values, and the integration of cutting-edge technology has been instrumental in its success. This focus is expected to be further enhanced through its merger with Breakout Capital, as the company continues to innovate and create new and transformative solutions for its clients. To learn more, visit 12five.com or its social media pages on LinkedIn, Facebook and Twitter.

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This Day in History

      1493 - Columbus' 2nd expedition to the New World left New Cadiz, Spain. On June 25, 1493, they landed on a rugged shore on an island that he named Dominica. They sailed with 17 ships and 1,200 to 1,500 men to find gold and capture Indians as slaves in the Indies. Columbus established a base in Hispaniola and sailed around Hispaniola and along the length of southern Cuba. He spotted and named the island of Dominica on November 3, 1493. http://www.enchantedlearning.com/explorers/page/c/columbus.shtml
    1513 - Vasco Nüñez de Balboa, a Spanish conquistador, stood high atop a peak in the Darien, in present-day Panama, becoming the first European to look upon the Pacific Ocean, claiming it as the South Sea in the name of the King of Spain.
    1676 – Greenwich Mean Time became the standard for England. In 1884, it became the time standard for the world. Two precise clocks were set in motion at the Royal Observatory in Greenwich, England, establishing the standard.
    1690 - The first American newspaper was published. "Publick Occurrences,” with sub-title, "Both Foreign and Domestick" was written, printed, and distributed by Benjamin Harris, at the London-Coffee-House, Boston, Massachusetts. British authorities considered the first newspaper published in the US offensive and ordered immediate suppression. "American Facts and dates" states "Publick Occurrences" lasted only four days. Governor Simon Bradstreet of Massachusetts said he did not like certain “reflex ions.” Harris had intended to issue its monthly “or if any Glut of Occurrences happen, oftener,” but only the one issue appeared. It was a one-sheet paper folder to present four pages, containing news in double columns. The last page was blank. There were no advertisements. France brought their war with England to the Americas, making an alliance with the Indians. The estimated colonial population was 213,500. Very few colonials could read. Town carriers were very popular and the reading of the newspaper in the pub had a very high rating with active discussions that followed.
    1775 – Ethan Allen surrendered to British forces after attempting to capture Montreal during the Battle of Longue-Pointe. Benedict Arnold and his expeditionary company set off from Fort Western, bound for Quebec City.
    1777 - The Conway Cabal began, an alleged plot to remove George Washington as commander of the Continental Army. This followed Washington's defeats at Brandywine and Germantown, and Gen. Horatio Gate's victory at Saratoga. The plotters wished to put Gates in Washington's place. Gen. Thomas Conway, whose promotion had been opposed by Washington, wrote an indiscreet letter to Gates. Its contents, in distorted form, were then reported to Washington. When details of the plot leaked out, public opinion was overwhelmingly on Washington's side. Actually, Conway seems to have been more the victim of the plotters than the guilty party. He resigned from the Army in 1778.
    1789 - Congress transmitted to the state legislatures twelve proposed amendments, two of which, having to do with Congressional representation and Congressional pay, were not adopted. The remaining ten amendments became the Bill of Rights. The establishment of religion on a national level was expressly prohibited in the U.S. with the adoption of the First Amendment, the opening words of which read: 'Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof.' Final ratification of the First Amendment came in 1791.
http://www.constitutionfacts.com/amendments.shtml
    1804 - The Teton Sioux of the Lakota demanded one of the boats from the Lewis and Clark Expedition as a toll for allowing the expedition to move further upriver.
    1846 – During the Mexican-American War, US forces under Zachary Taylor captured Monterrey, Mexico.
    1861 - Secretary of Navy authorized enlistment of slaves as Union sailors. Eventually the Union had 18,000 black sailors.
http://usgovinfo.tqn.com/library/weekly/aa111700a.htm
Howard University has a database, stating 18,000:
http://www.itd.nps.gov/cwss/sailors.htm
This site says there were 20,000:
http://www.civilwarnews.com/archive/articles/blacksail_fitts.htm
National Park Service Complete History of Service;
http://www.itd.nps.gov/cwss/
    1882 – The first doubleheader in Major League history was played between Providence and Worcester.
    1890 - Polygamy was officially banned by the Mormon Church. This announcement followed on the heels of an 1890 Supreme Court ruling denying all privileges of U.S. citizenship to Mormons who practiced this outlawed form of marriage.
http://www.lds.org/media2/library/display/0,6021,184-1-314-4,00.html
    1890 - Congress establishes Sequoia National Park, California
http://jrabold.net/yosemite/
http://www.yosemite.org/
http://www.yosemitepark.net/
    1897 - Birthday of William Faulkner (d. 1962) at New Albany, MS. American novelist and short story writer, Nobel Prize winner who changed the style and structure of the American novel. Faulkner's first novel, “Soldiers' Pay” was published in 1926. His best-known book “The Sound and the Fury,” appeared in 1929. Shunning literary circles, Faulkner moved to a pre-Civil War house on the outskirts of Oxford, MS, in 1930. From 1930 until the onset of World War II, he published an incredible body of work. The “Portable Faulkner” appeared in 1946 and “Collected Stories” in 1950. In June of 1962 Faulkner published his last novel, “The Reivers.”
http://memory.loc.gov/ammem/today/sep25.html.
    1911 – Groundbreaking for Fenway Park in Boston.
    1912 – Columbia University Graduate School of Journalism was established in NYC.
    1917 - Birthday of Philip Francis "Scooter” Rizzuto (d. 2007), in Brooklyn. Hall of Fame shortstop for the New York Yankees (1941-1942, 1946-1956). Member of World Series teams in 1941, 1942, 1947, 1949, 1950, 1951, 1952, 1953, 1955. 5-time All-Star and 1950 American League MVP. Rizzuto overcame his diminutive size to anchor a Yankees dynasty, helping them win seven of nine World Series during his 13 seasons, not counting three years lost to World War II. "The Scooter" was a durable and deft shortstop, skilled bunter and enthusiastic base runner who compiled a .273 lifetime batting average. Upon retirement, he spent 40 years as a popular Yankees broadcaster, the longest tenure of any Yankees broadcaster.
    1918 - RICKENBACKER, EDWARD V., (Air Mission) Medal of Honor.
Rank and organization: First Lieutenant, U.S. Army Air Corps, 94th Aero Squadron, Air Service. Place and date: Near Billy, France, 25 September 1918. Entered service at: Columbus, Ohio. Born: 8 October 1890, Columbus, Ohio. G.O. No.: 2, W.D., 1931. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action against the enemy near Billy, France, 25 September 1918. While on a voluntary patrol over the lines, 1st Lt. Rickenbacker attacked 7 enemy planes (5 type Fokker, protecting two type Halberstadt). Disregarding the odds against him, he dived on them and shot down one of the Fokkers out of control. He then attacked one of the Halberstadts and sent it down also.
    1919 - President Woodrow Wilson becomes seriously ill and collapses after a speech in Pueblo, Colorado. The next day, they diagnosed
it as a stroke. It is said that he was incapacitated and Mrs. Wilson and a “cabal” began to run the United States (more on this tomorrow. Yes, the press was controlled about presidential cancer operations, infirmities and other “goings on.”) This event brought about a major change in American history, studied by students in high school to college.
    1919 - Drummer Rossiere “Shadow” Wilson (d. 1959) birthday, Yonkers, NY. Much of Wilson's early work was with swing jazz orchestras, including Count Basie, 1944-46.
http://music.barnesandnoble.com/search/artistbio.asp?user
Id=&mscssid=&pCount=
& sRefer=&sourceid=&ctr=181092
    1926 - Henry Ford announces the 8 hour, 5-day work week. Ford was the first to grant a ten-hour week, paid vacations, paid sick days, all before union organization. He worried about safety, boredom, and knew his “modernization” may eliminate jobs, even started company schools for employees. He was quite liberal for his day, a leader among inventors and scientists, and unfortunately most uninformed people remember him as an industrialist who took advantage of his workers. While he did have his prejudices and faults, he looked at his employees as part of his “family.”
    1926 - NHL grants franchises to Chicago Black Hawks and Detroit Red Wings
    1929 – Testing skills that would serve him well in World War II, Jimmy Doolittle performed the first blind flight from Mitchell Field in Brooklyn, proving that full instrument flying from take-off to landing is possible.
    1934 - Lou Gehrig plays in his 1500th consecutive game
    1934 - Rainbow (US) beats Endeavor (England) in 16th America's Cup.
    1936 - Bluesman Roosevelt "Booba" Barnes (d. 1996) is born in Longwood, MS.
    1939 - A west coast hurricane moved onshore south of Los Angeles bringing unprecedented rains along the southern coast of California. Nearly five and a half inches of rain drenched Los Angeles during a 24-hour period. The hurricane caused $2 million damage, mostly to structures along the coast and to crops, and claimed 45 lives at sea. "El Cordonazo" produced 5.66 inches of rain at Los Angeles and 11.6 inches of rain at Mount Wilson, both records for the month of September.
    1944 - Birthday of actor/director Michael Douglas, New York, NY.
(it is also his wife's birthday, see 1969)
    1945 - New York City, pianist Errol Garner records for Savoy his famous version of “Laura.”
    1950 - “The Kate Smith Hour” premiered. Kate Smith was a talented singer who hosted a radio show before beginning a successful but short TV career. This late afternoon show was the most successful among two other prime-time shows, “The Kate Smith Evening Hour” (September 1951—June 1952) and “The Kate Smith Show” (January—July 1960). It included interviews, musical numbers and comedy or drama sketches. The sketches spun off many series, including “The World of Mr. Sweeney” and “Ethel and Albert.' She was a very popular singer on the radio, best known for “God Bless America,” but she could not make the transition to the small screen. Smith's rendition of "God Bless America" was played during the 7th inning stretch of New York Yankees home games from 2009 until April 2019, when the practice was discontinued amid controversy surrounding her 1931 recordings of “That’s Why Darkies Were Born" and "Pickaninny Heaven.” The following day, the Philadelphia Flyers followed suit. The statue of Smith was removed on April 21, 2019. Her family responded by denying the racism allegations. Those against the discontinuation of using Kate Smith's works have cited the satirical nature of the song "That's Why Darkies Were Born." and the fact that it was also popularized by Paul Robeson. Smith called for racial tolerance in 1945 in an address on CBS Radio, saying, "Race hatreds, social prejudices, religious bigotry, they are the diseases that eat away the fibers of peace." She went on to say that it is up to us to tolerate one another in order to achieve peace.
    1951 - Top Hits
“Because of You” - Tony Bennett
“I Get Ideas” - Tony Martin
“Come on-a My House” - Rosemary Clooney
“Always Late (With Your Kisses)” - Lefty Frizzell
    1952 - Perhaps one of television’s finest drama series, “Four Start Playhouse” premiered. The actors who founded Four Star Films—Dick Powell, Charles Boyer, Joel McCrea and Rosalind Russell—starred in this dramatic anthology series. David Niven and Ida Lupino replaced McCrea and Russell, who left shortly after the series began. Other guest actors included Ronald Colman in his first TV dramatic appearance (“The Lost Silk Hat,” 1952) and Joan Fontaine in her first major dramatic TV role (“The Girl on the Park Bench,” 1953).
    1954 - Elvis Presley performs live on "Grand Ole Opry," singing "Blue Moon of Kentucky."
    1955 – Detroit’s Al Kaline became the youngest ever to win a batting title, at age 20.
    1956 - “Broken Arrow” premiered. My father, Lawrence Menkin, wrote many of the episodes. This half-hour western was one of the few to portray Native Americans in a positive light. It starred Michael Ansara as Cochise, Apache chief, and John Lupton as Indian Agent Tom Jeffords, Cochise's blood brother. The show was syndicated under the name “Cochise.”
    1956 – TAT-1, the first submarine transatlantic telephone cable system, is inaugurated. It was laid between Scotland and Newfoundland. The agreement to make the connection was announced by the Postmaster General on December 1, 1953. The project was a joint one between the General Post Office of the UK, AT&T, and the Canadian Overseas Telecommunication Corporation. The share split in the scheme was 40% British, 50% American, and 10% Canadian. The total cost was about £120 million.
    1957 – Three weeks after being barred from Little Rock’s segregated Central High School, nine black students entered the school, protected by the 101st Airborne Division.
    1959 - Top Hits
“Sleep Walk” - Santo & Johnny
“('Til) I Kissed You” - The Everly Brothers
“Mack the Knife” - Bobby Darin
“The Three Bells” - The Browns
    1960 - Sam Cooke's "Chain Gang" peaks at Number Two on both the R&B and pop charts at the same time. It's his biggest hit since "You Send Me."
    1962 - Charles “Sonny” Liston won the heavyweight championship by knocking out Floyd Patterson at 2:06 of the first round at Comiskey Park, Chicago. Liston defeated Patterson in a rematch and then lost to Cassius Clay in Feb, 1964.
    1964 - No. 1 Billboard Pop Hit: "Oh, Pretty Woman," Roy Orbison.
    1965 - Willie Mays hit his fiftieth home run of the baseball season, making him the oldest player to accomplish this. He was 34 years old. Ten years before, at the age of 24, he was the youngest man to accomplish the same feat, marking the longest span between 50 HR seasons in MLB history.
    1965 - Satchel Paige, the oldest player in Major League history at an estimated 59 years, 8 months, 5 days, pitched the last game of his career. He hurled three scoreless innings for the Kansas City Athletics against the Boston Red Sox. Paige gave up only one hit, to Carl Yastrzemski.
    1965 - Birthday of Scottie Pippen, basketball player, born Hamburg, AR.
    1965 - “Eve of Destruction,” sung by S/Sgt. Barry McGuire, moved to the top of the charts.
    1967 - Top Hits
“The Letter” - The Box Tops
“Never My Love” - The Association
“Apples, Peaches, Pumpkin Pie” - Jay & The Techniques
“My Elusive Dreams” - David Houston
    1967 - Paul Butterfield Blues Band at the S.F. Fillmore.
    1968 - Rap/television/film star Will Smith (a.k.a. the Fresh Prince) was born in Philadelphia.
    1969 - Catherine Zeta-Jones, Academy Award-winning actress, wife of Michael Douglas, was born Wansea, Glamorgan, Wales (see 1944 for his birthday.)
    1974 - No. 1 Billboard Pop Hit: "Rock Me Gently," Andy Kim. He wrote the 1969 No.1 song "Sugar, Sugar" with Jeff Barry for the Archies.
    1974 - The first ulnar collateral ligament replacement surgery (Tommy John surgery) was performed, on pitcher Tommy John by orthopedic surgeon Dr. Frank Jobe, then a Dodger team physician who served as a special advisor to the team.
    1975 - Top Hits
“Fame” - David Bowie
“I'm Sorry” - John Denver
“Fight the Power” - The Isley Brothers
“Daydreams About Night Things” - Ronnie Milsap
    1976 - Blue Oyster Cult's "Agents of Fortune" LP enters the chart.
    1979 - The third musical resulting from the collaboration of Tim Rice and Andrew Lloyd Weber lit up the Great White Way. "Evita" opened on Broadway to rave reviews.
    1979 - The Eagles LP, "The Long Run" is released, the sixth studio album by the group. This was the first Eagles album to feature Tim Schmitt, who had replaced founding member Randy Meisner, and the last full studio album to feature Don Felder before his termination from the band in 2001. It also turned out to be their last studio album as the Eagles disbanded in 1980, until 2007's “Long Road Out of Eden” after the band had reformed in 1994. Three singles were released from the album, “Heartache Tonight,” “The Long Run,” and “I Can’t Tell You Why.” "Heartache Tonight" reached No. 1 on the singles chart and won a Grammy Award. The album was certified 7× Platinum by the RIAA and has sold more than eight million copies in the US.
    1979 - Joe Jackson releases his "I'm The Man" single.
    1981 - Rolling Stones begin their 6th US tour (JFK Stadium, Philadelphia, PA)
    1981 - Sandra Day O'Connor was sworn in as the first woman associate justice on the US Supreme Court on this date. She had been nominated by President Ronald Reagan in July 1981.
    1983 - Top Hits
“Tell Her About It” - Billy Joel
“Total Eclipse of the Heart” - Bonnie Tyler
“The Safety Dance” - Men Without Hats
“Baby, What About You” - Crystal Gayle
    1987 - Hurricane Emily crossed the island of Bermuda during the early morning. Emily, moving northeast at 45 mph, produced wind gusts to 115 mph at Kindley Field. The $35 million damage inflicted by Emily made it the worst hurricane to strike Bermuda since 1948. Parts of Michigan and Wisconsin experienced their first freeze of the autumn. Snow and sleet were reported in the Sheffield and Sutton areas of northeastern Vermont at midday.
    1988 - Florence Griffith Joyner runs Olympic record 100m in 10.54s
    1989 - Twenty-three cities in the south central U.S. reported record low temperatures for the date, including Topeka, KS with a reading of 33 degrees, and Binghamton, NY with a low of 25 degrees. Showers and thunderstorms in the southeastern U.S. drenched Atlanta, GA with 4.87 inches of rain, their sixth highest total of record for any given day.
    1991 - Top Hits
“I Adore Mi Amor” - Color Me Badd
“Good Vibrations” - Marky Mark & The Funky Bunch/Loleatta Holloway
“Emotions” - Mariah Carey
“Leap of Faith” - Lionel Cartwright
    1993 - A Florida judge ruled that it was legal for a child to divorce biological parents. The court case involved twelve-year-old Gregory Kingsley who didn't want his parents anymore.
    1998 - Hurricane Georges crossed the Florida Straits, passed over Key West and took aim on the northern Gulf coast. On September 26, hurricane warnings went up from Panama City to Morgan City, Louisiana.
    1998 - By hitting a 462-foot blast at the Astrodome, Sammy Sosa hits #66 (and his final homer) of the season to take the lead in the HR race. Less than an hour later, however, Mark McGwire also hits his 66th in the Cardinals' 6-5 victory over the Expos to tie the Cub outfielder in the historic home run race, on the way to 70.
    2003 - Sammy Sosa becomes the first National Leaguer to have at least 100-RBIs nine seasons in a row. The Cubs' right fielder surpasses Mel Ott and Willie Mays who had accomplished the feat eight straight seasons, and joins Rafael Palmeiro and Jimmie Foxx as the only players in major league history to hit 35 home runs and 100 RBI for nine consecutive seasons.
    2009 - President Obama, British Prime Minister Brown and French President Sarkozy, in a joint TV appearance for a G-20 summit, accuse Iran of building a secret nuclear enrichment facility.
    2014 – In his final Yankee Stadium at bat, Derek Jeter knocked in the winning run in the bottom of the 9th to defeat the Baltimore Orioles, 6-5, after the Yanks blew a 5-2 lead in the top of the inning. From opening introductions through the tumultuous game-winning hit, and well after the game ended, the Stadium was a cacophony of cheers for the Yankee star. Jeter retired at season’s end after 20 years as the Yanks’ SS, with 5 World Series rings and 3465 hits, the most of any Yankee and 6th most in history. Jeter was elected to the Baseball Hall of Fame, Class of 2020, on the first ballot, falling one vote shy of a unanimous selection.

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