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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries


We are a premier self-funded small ticket and
middle market full service equipment finance company.
Our compensation programs are aggressive and include full insurance benefits, matching 401k, etc.

Positions are available for well experienced industry
professionals with a minimum production level
of $400k per month in funded business.

Please email your resume to
or call directly at 973-768-7501

Bank of the Ozarks was recognized as the top performing bank
in the United States, based on financial performance,
five years in a row, 2011-2015.
• Rated as “well capitalized” –
the highest available regulatory rating
• Publicly traded company on the
NASDAQ Global Select Market, symbol OZRK
• Headquartered in Little Rock, Arkansas
• Chartered in March 1903, a 111-year heritage

256 Offices, $18.5 billion in assets, second quarter
2016 net income of over $54 million

Bank of the Ozarks

We are an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, sexual orientation, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.

Monday, October 24, 2016

Today's Equipment Leasing Headlines

Leasing News Affected by DDos Attack
Website Up, But Not Eml Server
Position Wanted – Asset Management
Will Work Remotely or Relocate for Right Opportunity
Top Stories: October 17 - October  21
(Opened Most by Readers)
Work Together for More Business
   by Christopher Menkin
Leasing Industry Ads---Help Wanted
  Positions Available
Don’t Text Recruiters
Career Crossroad---By Emily Fitzpatrick/RII
Side Agreements including Vendor Agreements
Leasing 102 by Mr. Terry Winders, CLFP
Leasing Schools/Franchisors
Chihuahua, Long Haired, Mix
Palo Alto, California  Adopt-a-Dog
Leasing News Classified Ads
Websites Construction
News Briefs---
$4 Billion Sale of Scottrade Financial Services
  Could Be Announced as Early as Monday
Sean Murray, - Money2020 Kicks Off
– With part of last year’s prophecy fulfilled
Stumpf Wasn't Fired or Even "Gently Pushed,"
  says New Wells Fargo CEO Tim Sloan
Here’s What Asian Lenders Are Doing
    With Blockchain Technology

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device 

You May have Missed---
  Baseball Poem
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"
          This Day in American History
           Daily Puzzle
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.

Working Capital from $10,0000 to $250,000                 

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Leasing News Affected by DDos Attack
Website Up, But Not Email Server

Friday, many major websites were brought down by hackers unleashing a large distributed denial of service (DDos) attack on the servers of Dyn, a major DNS host.  This affected many of the large sites as well as communication sites such as Constant Contact, which sends out the Leasing News Edition emails.

The website,, has the current news edition, as well as previous editions in archives (and other information). It was up and running.  The email edition did not go out until early afternoon, California time.

Should this DDos attack occur again, it is suggested readers try going directly to the website: Our server is on the main internet pipeline, not attached to major shared lists or hosts.


Position Wanted – Asset Management
Will Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 

Asset Management

5 time Presidents Club Franchise Player with 20+ years in Logistics, Collections, Technology Pricing/Appraisal ( NAPA) Certified, Portfolio Appraisal Inventory receivable proficient, Management Control System Developer & Specialist. Proactive communications & Equipment Dealer Specialist for Healthcare/Printing/Office Equipment & Industrial portfolios. Specialist in ALL Inventory receivable channels.


Top Stories: October 17 - October  21
(Opened Most by Readers)

(1) California Expands Exemption for Lender’s License
        By Tom McCurnin, Leasing News Legal Editor

(2) New York Proposes New Cyber Security Rules for Financial Institutions
"A disaster for small banks with branch offices in New York"
By Tom McCurnin, Leasing News Legal Editor

(3) Archives—October 19, 2000
  51 Leasing Companies Major Changes

(4) New Hires/Promotions in the Leasing Business
      and Related Industries

(5) Working Capital Loans
          and the Working Capital Cycle
by Christopher Menkin

(6) LinkedIn Advice on Passwords
  I follow this advice strongly—Kit Menkin

(7) Sales Makes it Happen by Steve Chriest
       Rule "23"

(8) Commitment to Lease or Make Loan Agreements

(9) Part IV---Starting a Leasing Company
  Leasing #102 b y Mr. Terry Winders, CLFP

(10) September---The List
   "The Good, the Bad and the Ugly"





Work Together for More Business
by Christopher Menkin

Leasing News' "Day in American History" shows that Bob Dylan wrote the song "The Times They Are a-Changin' " this day in 1963 (released in 1964).(lyrics)*

In reality, they are always changing, especially in financing and leasing. Small leases now go up to $250,000. Many companies approve these applications today “app only.”  It used to be $50,000. Micro leases go down to $500, which several leasing and finance companies are doing, such as TimePayment. The Equipment Leasing and Finance Foundation reports 93% of the volume in leases are capital leases ($1.00 out/not operating leases).

Operating Leasing is still very popular over $500,000 and above as these are generally "true leases," done for tax and cash flow purposes with larger residuals, often seven to ten year terms. 

Another change: more leasing brokers and companies are doing business loans, working capital, merchant advance---and they advertise in Leasing News. Leasing brokers and companies getting leads from equipment and software dealers and franchises don't have to rely on the SBA with the maximum 1% commission (although other fees can be made with specific exhibits). But the advantage to be able to do both---arrange loans for medical, dental leasehold expansion, as well as equipment, provides working capital for the expansion. 

Add to this the growth of crowdfunding and alternate finance helping small business who want to be on their own, not a franchise, this is cutting into the franchise and fast restaurant business as a resurgence into "mom and pop" operations. Even the banks recognize this and are getting into underwriting alternate finance with advanced finance technology.

As to "operating leases," Ralph Petta, Chairman of the Equipment Leasing and Finance Associates, the major leasing group, believes the new changes in accounting will not affect "true leasing"...and he may be right. The under $500,000 market really is not doing many true leases, whereas the larger leases $1 million and above for trains, planes, ships, large manufacturing facility, will now be putting leases in Europe on the books and there will be changes here in the United States. It will most likely not change the need for an operating lease. Companies like ATEL Capital, San Francisco, will continue to grow.

This last quarter of 2016, especially after the national election, will see a surge as businesses purchasing $2 million or less in capital equipment can deduct up to $500,000 of that expense immediately on their 2016 tax return for equipment delivered in 2016. Financing can further enhance the bottom line by eliminating the upfront cash outlay typical of an equipment purchase while still preserving the Section 179 deduction for 2016, businesses of all sizes can depreciate 50 percent of the cost to acquire eligible equipment on their 2016 tax returns. This tax break has been extended through 2019, although it will phase down to 40 percent in 2018 and 30 percent in 2019.

There are also changes in GAAP for financial periods starting after December 15, 2018 for public companies, and after December 15, 2019, for private companies. For companies with calendar year ends, that means 2019 for public companies and 2020 for private companies.  

There is a marriage occurring with alternate financing as brokers realize there is advantage in working from the equipment side for working capital, business loans, factoring, or cross selling for a new office or expansion, doing equipment financing.  Making friends of bankers. Referring customers to them.

Houses using "approved lines of credit" been around since Financial Technological leader Dave Murray at Direct Capital. Then he went to Five Star, which became National Funding in the last few years and has become a leader in the pack. 

Other changes include the growth of Ascentium Capital with Warburg Pincus, and the marriages of Financial Pacific with Umpqua Bank and First American Equipment Finance with City National Bank, just to name a few. Look for more consolidation and marriages between banks, leasing companies, and alternate finance companies.

*Lyrics "The Times They Area A-Changin' " 



Leasing Industry Ads---Help Wanted Opportunity

Ascentium Capital/Bank of Ozarks Finance


We are a premier self-funded small ticket and
middle market full service equipment finance company.
Our compensation programs are aggressive and include full insurance benefits, matching 401k, etc.

Positions are available for well experienced industry
professionals with a minimum production level
of $400k per month in funded business.

Please email your resume to
or call directly at 973-768-7501

Bank of the Ozarks was recognized as the top performing bank
in the United States, based on financial performance,
five years in a row, 2011-2015.
• Rated as “well capitalized” –
the highest available regulatory rating
• Publicly traded company on the
NASDAQ Global Select Market, symbol OZRK
• Headquartered in Little Rock, Arkansas
• Chartered in March 1903, a 111-year heritage

256 Offices, $18.5 billion in assets, second quarter
2016 net income of over $54 million

Bank of the Ozarks

We are an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, sexual orientation, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.




Don’t Text Recruiters
Career Crossroad---By Emily Fitzpatrick/RII

“Back in the day,” the post office and old school phones were the ways to communicate with potential Candidates. Times have changed, as Bob Dylan would sing.  We now have all types of modes of business communication available. Increasing in popularity is TEXTING.

If you have noticed, the younger generation texts almost everything.  I had mentioned to my son (in his 20’s) that we never talk anymore, his response, “Mom what are you talking about? We talk every day!”  I said, “What do you mean? No, we do not talk every day!” “Yes, Mom, we text every day!”

Our generation and previous generations are jumping on the bandwagon to be “in touch” with today's technological advances in communication (can’t image what’s to come!).

Texting tends to be more immediate, targeted, personal and it is great working with Recruiters or Career Consultants.  However, BE CAREFUL ABOUT COMMUNICATION WITH HIRING MANAGERS UNLESS THEY INITIATED INITIAL CONTACT VIA THIS MODE.   

So, when it comes to texting, the guidelines to follow are to maintain formality and professionalism in all your communications, regardless of the tools you are using to communicate.  This communication mode is typically casual, up it a notch when you are talking to a recruiter or other professional connection.

Candidates should not initiate contact with employers through a text message or use text as a medium for their follow-up communications after an interview. However, if a Recruiter reaches out to you via text, then they will expect a text.  Even if you just type: “No Thanks.


  • Text as if you are composing typical business communication with someone you do not know well
  • Spell out all your words, no abbreviations (no LOL and OMG), no acronyms
  • Avoid emoticons; not appropriate for formal communication
  • Express enthusiasm for opportunities offered in a formal way
  • Keep your conversations short; don't be afraid to convey some info that will heighten interest
  • Be ready for normal back and forth of a text exchange

   If you would prefer contact by text, consider writing "Text Messages Accepted" next to your cell number on your resume and/or Social Profiles (LI, right in your heading) … for more guidelines, contact us.

RII is beginning to implement this mode of communication.  Feel free to email your cell phone number to include you in our OPT in list.  Benefits:  Confidentiality, More Personal Connection, Exclusive FREE workshops and resources and 1st to receive updates on new Career Opportunities. 

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns




Side Agreements including Vendor Agreements

It is common for lessors to offer a purchase option by creating a side letter that spells out the residual at the end of the lease term, often giving the lessee a bargain purchase option such as $1.00 or a specific dollar amount, often expressed in a percentage, such as 10%. The assumption is that the transaction has a standard lease agreement that does not contain any purchase option. When a tax audit occurs, the side letter is not part of the documentation. Therefore, it appears that it is a true lease and the lessee expenses the rent and the lessor retains the depreciation. However, the side letter is available to insure the lessor lives up to the agreement for the bargain option.

Often the contract spells out the lessor is not giving any tax advice or stating an opinion, but the implication of the side agreement may be viewed differently, especially if the lease does not meet the code of FASB or the IRS as a true lease and was presented in this manner.

The important aspect regarding side agreements is any such letter stating a perceived dollar amount to disguise the transaction as a “true lease,” may be discovered by the tax auditors which may cost both the lessee and the lessor a lot of problems. If the dollar amount is high enough, it could also be viewed as an attempt at fraud.

There are companies who have made the Leasing News Complaint list by stating a side letter is necessary for tax purposes, but when the signed copies come back to the lessee, this side letter is missing. So instead of
being $1.00 or 10%, they are charged “Fair Market Value.” And if they argue about it, the Evergreen Clause collects monthly payments. Often these companies also do not inform the lessee about the expiration term and continue to bill them monthly until the lessee realizes they are overpaying.

This has become more common with ACH payments which are automatically taken from the lessee’s bank account.

Vendor Side Letters
We see side agreements where vendors guarantee lessee’s performance called vendors recourse. These agreements, when called upon to perform due to a default, are usually poorly drafted. They require covering all the events that must be covered to cash out such as: attorneys cost, repossession costs, insurance, storage, selling costs, time value of money when it takes a long time to sell, etc. Usually the vendor gets upset and refuses to pay when the repossession costs were not discussed in the agreement and they represent significant costs. Most vendors will only cover the difference between the unpaid balance and the sale price of the equipment. If the agreement does not cover all the costs problems will arise.

Any time a side agreement is used it should become an exhibit and be discussed in the lease agreement so there can be no misunderstanding of its purpose. Side agreements that are meant to sidestep some rule or requirement are a very poor way to do leasing and will only lead to heavy problems and will get the leasing company a very poor reputation.

Previous #102 Columns:





Leasing Schools/Franchisors 
(For our "Financial and Sales Training" list, please click here)

Commercial Capital Training Group

Global Leasing


Wheeler Leasing School


(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)



Chihuahua, Long Haired, Mix
Palo Alto, California  Adopt-a-Dog

ID #A133764

Staff named me Becky and I am a spayed female, tan and white Chihuahua - Long Haired mix.

Shelter staff thinks I am about 3 years old.

Shelter Staff made the following comments about this animal:
Poor Becky was dumped in the shelter's parking lot on 10/5/16. The act was caught on our security cameras, but the picture wasn't clear enough to see a license plate or face of the person who did it. She ran around the parking lot until an astute dog volunteer named Rebecca (hence the name Becky) spotted her and alerted staff. Becky was quickly captured by an Animal Control Officer before she could run onto the main road.

Becky is shy around men, but getting much better. She is a very sweet dog, who doesn't make much noise, and is not very active... yet. We assume once she gains her confidence back, she her personality will shine!

We think Becky is about 3 years old, she has been spayed, microchipped, and vaccinated. We are recommending her for a quieter household with no young children. She would love to go home with you!

For more information about this animal, call:
Palo Alto Animal Services at (650) 496-5971
Ask for information about animal ID number A133764

Palo Alto Animal Services
3281 E Bayshore Rd,
Palo Alto, CA 94303

Shelter Hours:
Main Office/Licensing- 11:00 a.m. - 5:30 p.m. Monday - Saturday
Adoption Hours- 11:00 a.m. - 4:30 p.m. Monday - Saturday
*NOTICE: The shelter is closed Sundays, Holidays, and every other Friday.

Adopt a Pet



Leasing News Classified Ads

Websites Construction

Complete Turnkey Blog
Generate Leads, Build Authority and Showcase your expertise with your own lease blog. Don't have the time? We do it for you. Complete turnkey blog setup and/or content only provided by leasing expert for leasing companies. Email for free evaluation



News Briefs---

$4 Billion Sale of Scottrade Financial Services
  Could Be Announced as Early as Monday

Sean Murray, - Money2020 Kicks Off
– With part of last year’s prophecy fulfilled

Stumpf Wasn't Fired or Even "Gently Pushed,"
  says New Wells Fargo CEO Tim Sloan

Here’s What Asian Lenders Are Doing
    With Blockchain Technology


(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)



--You May Have Missed It

How your DVR was hijacked to help epic cyberattack
    Connects Smart Devices and Floods Internet




Baseball Poem

The Cathers Learns the Motion

  by Tim Peeler

and is often the hub of the movements,
 he reads the Morse code of the pitcher
and returns the speech of the dumb,

he loves the sphere and its ridges,
 rips it from the tight mitt
with or against the seams
whistles it from a frog squat.

the catcher learns
he is the hat of the hat dance,
the pitcher may think himself
the center of gravity,
but the catcher
waits at the apex of the great angles,

slaps the leather trap
on the errant razor
as it spits up from the dust.

the catcher imprints the motions of the hitters,
checks the rhythm of their passages,
knows he must slip an extra measure
at the end of their cha-cha-cha,

the catcher is the great disturber,
can cock twice on his return throw,
 spit on the plate, call for the "buzzer"
 block the ump's clear visage,

bilingual kamikaze
chattering like a wired chimp,
 muttering with silent busted digits,
sacrificing legs
to the varicose crouch and
the ruinous crunch
of the few that get through
to thin armor.


Touching All Bases
   Poems from Baseball
Tim Peeler




Sports Briefs----

Colin Kaepernick can’t prevent 49ers sixth straight loss,
    34-17 to Tampa Bay Buccaneers

Wrigleyville rooftop tickets shaping up to be hot World Series item

Raiders beat Jaguars 33-16, get Del Rio win vs former team

Vikings vs. Eagles: Score and Twitter Reaction

All great things, and Cowboys eras, must come to an end:
    Is Tony Romo ready to join that club?

It's time for Rams to bench Case Keenum
   and play rookie Jared Goff

Ryan Fitzpatrick: Jets coaches, GM, owner lost faith in me

All NFL Scores



California Nuts Briefs---

Exports remain a strong part of Sonoma County economy

South Bay techie says he saved $100k while living in his truck for 16 months


Receivables Management LLC
John Kenny

• End of Lease Negotiations & Enforcement 
• Third-Party Commercial Collections | ph 315-866-1167

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)


“Gimme that Wine”

Questions about aging white wines

A wine that helped create Napa Valley: the legacy of Heitz Cellars

Tokay’s Patriciu’s Winery Named Hungary's
"Cellar of the Year" in 2016

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in American History


    1742 - With the outbreak of war between Britain and Spain in 1740, the British authorities decided to capture the Spanish colony of Cartagena (today the nation of Columbia) in South America. Two colonies, Georgia and South Carolina, were involved in their own ‘war’ against Indian raids coming from Spanish Florida to aid in the Cartagena campaign. From the remaining 11 colonies, a huge regiment numbering almost 3,500 men was organized. It was known by several designations as the 61st Regiment of Foot, the American Regiment and probably most frequently as “Gooch’s Regiment” after Virginia’s Governor, William Gooch, who served as its colonel. Keeping with the regional composition of the regiment, the 1st Battalion was composed of men from New England, the 2nd from New Jersey and New York, the 3rd from Pennsylvania and Delaware and the 4th from Maryland, Virginia and North Carolina. Commanding a Virginia company in the 4th Battalion was Captain Lawrence Washington, older brother of George. The expedition proved an utter failure, due to incompetence in leadership and poor planning which had the men involved in a siege operation during the height of the malaria and yellow fever season. Only about 600 men survived the expedition. Perhaps the most lasting effect of the entire venture was when Lawrence Washington returned home he named his plantation “Mount Vernon” in honor of Admiral Edward Vernon, the British naval commander of the expedition. When Lawrence died in 1752 and George inherited the property he retained the name, which it still carries today.
    1755 - A British expedition against the French-held Fort Niagara in Canada ended in failure. British Governor William Shirley determined that this makeshift navy had been unable to prevent French reinforcement and resupply of the fort and decided to delay the planned attack on Niagara until 1756.
    1785 - A four-day rain swelled the Merrimack River in New Hampshire and Massachusetts to the greatest height of record, causing extensive damage to bridges and mills.
    1788 - Birthday of Sarah Josepha Hale (d. 1879), Newport, NH.  For 40 years, she co-edited the fashion and literary magazine “Godey's Lady's Book,” 150,000 circulation, which vigorously promoted women's causes, particularly college for women and women doctors.
    1839 - Birthday of Belva A. Lockwood (d. 1917), an educator, lawyer and advocate for women's rights, at Royalton, NY. In 1879, she was admitted to practice before the US Supreme Court—the first woman to do so. While practicing law at Washington, DC, she secured equal property rights for women. By adding amendments to statehood bills, Lockwood helped to provide voting rights for women in Oklahoma, New Mexico and Arizona. In 1884, she was the first woman formally nominated for the US presidency.  
    1861 - The first transcontinental telegraph line was placed in operation when Stephen Johnson Field, Chief Justice of California, sent a message to President Abraham Lincoln. On October 25, 1861, telegrams were exchanged between Mayor Fernando Wood of New York City and Mayor H.F. Teschemacher of San Francisco, CA. Rates during the first week were $1 a word between San Francisco and the Missouri River. Later, the rates were reduced: 10 words from San Francisco to New York City cost $6, and each additional word cost 75 cents. The obstacles to building the line over the sparsely populated and isolated western plains and mountains were huge. Wire and glass insulators had to be shipped by sea to San Francisco and carried eastward by horse-drawn wagons over the Sierra Nevada. Supplying the thousands of telegraph poles needed was an equally daunting challenge in the largely treeless Plains country, and these, too, had to be shipped from the western mountains. Indians also proved a problem. In the summer of 1861, a party of Sioux warriors cut part of the line that had been completed and took a long section of wire for making bracelets. Later, however, some of the Sioux wearing the telegraph-wire bracelets became sick, and a Sioux medicine man convinced them that the great spirit of the "talking wire" had avenged its desecration. Thereafter, the Sioux left the line alone, and the Western Union was able to connect the East and West Coasts of the nation much earlier than anyone had expected and a full eight years before the transcontinental railroad would be completed, thus spelling the end of the 18-month old Pony Express.
    1861 - West Virginia seceded from Virginia. Residents of thirty-nine counties in western Virginia approved the formation of a new Unionist state in opposition to Virginia’s pro-slavery position. The accuracy of these election results has been questioned since Union troops were stationed at many of the polls to prevent Confederate sympathizers from voting. At the Constitutional Convention, which met in Wheeling from November, 1861 to February, 1862, delegates selected the counties for inclusion in the new state of West Virginia. From the initial list, most of the counties in the Shenandoah Valley were excluded due to their control by Confederate troops and a large number of local Confederate sympathizers. In the end, fifty counties were selected (all of present-day West Virginia's counties except Mineral, Grant, Lincoln, Summers, and Mingo, which were formed after statehood). The Baltimore and Ohio Railroad, which ran through the Eastern Panhandle, was extremely important for the economy and troop movements. Inclusion of these counties removed the entire railroad from the Confederacy.
    1871 – A mob in Los Angeles hanged 18 Chinese.
    1878 - A hurricane produced widespread damage across North Carolina, Virginia, Maryland, New Jersey and Pennsylvania. At Philadelphia, the hurricane was the worst of record.
    1889 – The first rules for softball were adopted by the Mid-Winter Indoor Baseball League.
    1892 - Black workers strike in New Orleans, LA
    1897 – Louis Sockalexis (d. 1913) was born in Indian Island, ME.  “Chief” was the first American Indian player in Major League Baseball. He began spring training with the Cleveland Spiders in March, 1897 and made his debut in April. Newspapers nicknamed the team "Indians" due to the excitement over Sockalexis. For over three months, crowds flocked to see his spectacular fielding and hitting. Other "cranks" or fans, taunted him with jeers and racial epithets. Heavy drinking and an ankle injury put an end to his once-promising career. He was released to the minors in May of 1899.
    1901 – Anna Taylor becomes the first woman to go over Niagara Falls in a barrel.       
    1903 – G-Man Melvin Purvis (d. 1960) was born in Timmonsville, SC.  He is noted for leading the FBI manhunts that tracked such outlaws as Baby Face Nelson, Pretty Boy Floyd, and John Dillinger.  He received his law degree from the University of South Carolina and had a brief career as a lawyer. He joined the FBI in 1927 and headed several Division of Investigation offices. In 1932, he was placed in charge of the Chicago office by Bureau of Investigation Director Hoover. Purvis captured more public enemies than any other agent in FBI history, a record that still stands.  Ironically, on February 29, 1960, while at his home, Purvis died from a gunshot wound to the head fired from the pistol given to him by fellow agents when he resigned from the FBI. The FBI investigated his death and declared it a suicide, although the official coroner's report did not label the cause of death as such. A later investigation suggested that Purvis may have shot himself accidentally while trying to extract a bullet jammed in the pistol.
    1908 - Baseball's anthem, “Take Me Out to the Ballgame,” is introduced by Bill Murray. The song writing team of Albert Von Tilzer (music) and Jack Norworth (words), who created the immortal tune, had never seen a game. The story goes that Jack Norworth was riding a New York City subway train when he spotted a sign that said "Ballgame Today at the Polo Grounds." Some baseball-related lyrics popped into his head that were later set to some music by Albert Von Tilzer to become the well-known baseball song. It is one of the most widely sung songs in America.   Here is the most adopted 1927 version:

    1914 - Birthday of alto sax player Jimmie Powell (d. 1994), New York City, NY.  In 1940-41, he played on two recording dates with Billie Holiday for Columbia.  In December 1944, he recorded with Billy Eckstine and His Orchestra.  In 1956, Powell was a member of the Dizzy Gillespie Big Band
    1915 - DALY, DANIEL JOSEPH, (Second Award) Medal of Honor.
Rank and organization: Gunnery Sergeant, U.S. Marine Corps. Born: Glen Cove, Long Island, N.Y., 11 November 1873. Accredited to: New York. Other Navy awards: Second Medal of Honor, Navy Cross. Citation: Serving with the 15th Company of Marines on 22 October 1915, G/Sgt. Daly was one of the company to leave Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position, which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak the marines, in 3 squads, advanced in 3 different directions, surprising and scattering the Cacos in all directions. G/Sgt. Daly fought with exceptional gallantry against heavy odds throughout this action.
    1915 - OSTERMANN, EDWARD ALBERT, Medal of Honor.
Rank and organization: First Lieutenant, U.S. Marine Corps, 15th Company of Marines (mounted). Place and date: Vicinity Fort Liberte, Haiti, 24 October 1915. Entered service at: Ohio. Born: 1883, Columbus, Ohio. Citation: In company with members of the 15th Company of Marines, all mounted, 1st Lt. Ostermann left Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October 1915, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position, which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak, 1st Lt. Ostermann, in command of 1 of the 3 squads which advanced in 3 different directions, led his men forward, surprising and scattering the Cacos, and aiding in the capture of Fort Dipitie.
    1915 - UPSHUR, WILLIAM PETERKIN, Medal of Honor.
Rank and organization: Captain, U.S. Marine Corps. Born: 28 October 1881, Richmond, Va. Appointed from: Virginia. Citation: In company with members of the 15th Company of Marines, all mounted, Capt. Upshur left Fort Liberte, Haiti, for a 6-day reconnaissance. After dark on the evening of 24 October 1915, while crossing the river in a deep ravine, the detachment was suddenly fired upon from 3 sides by about 400 Cacos concealed in bushes about 100 yards from the fort. The marine detachment fought its way forward to a good position which it maintained during the night, although subjected to a continuous fire from the Cacos. At daybreak, Capt. Upshur, in command of one of the 3 squads which advanced in 3 different directions led his men forward, surprising and scattering the Cacos, and aiding in the capture of Fort Dipitie.
    1915 - Bob Kane (d. 1998), the American cartoonist best known for creating 'Batman,' was born in NYC.  In 1938, he started drawing adventure strips, ''Rusty and His Pals'' and ''Clip Carson,'' for National Comics. That same year, a comic-book hero called Superman appeared. Vincent Sullivan, the editor of National Comics, who also owned Superman, asked Mr. Kane and Bill Finger to come up with a Super competitor. They developed Batman on a single weekend. Kane was 18. 
    1920 - Bassist Wendell Marshall born St. Louis, MO.  He played with Duke Ellington 1948-1955.
    1926 – Birthday of Y.A. (Yelberton Abraham) Tittle, Jr. in Marshall, TX. A Pro Football Hall of Famer, Tittle played QB with the Baltimore Colts of the All-American Football League in 1948 before the team folded.  The San Francisco 49ers drafted him in 1951 and he was their QB until they traded him to the New York Giants in 1961 when Coach Red Hickey installed the shotgun offense that required a running QB.  During his time with the Niners, he became famous for his “Alley Oop’ passes to end R C Owens.  With the Giants, Tittle led them to three consecutive NFL title games, losing all three.  He threw 7 TD passes without an interception in 1962 against the Washington Redskins.  In 1963, he set an NFL record of 36 TD passes in a 14 game season that stood until Dan Marino broke it in 1984.  He was the first football player to appear on the cover of Sports Illustrated. UPI Player of the Year in 1957, 1962; AP Player of the Year 1963; 4-time NFL MVP, 1957, 1961-63.
    1927 - Surrealist poet Philip Lamantia (d. 2005) was born in San Francisco, California. Expelled from a junior high school for “intellectual delinquency,” who joined the Beat Generation Poet Movement in the early 1950’s.  Nancy Peters, his wife and literary editor, said of Lamantia, "He found in the narcotic night world a kind of modern counterpart to the gothic castle -- a zone of peril to be symbolically or existentially crossed." The poet spent time with native peoples in the United States and Mexico in the 1950s, participating in the peyote-eating rituals of the Washoe Indians of Nevada. In later life, he embraced Catholicism, the religion of his childhood, and wrote many poems on Catholic themes.
    1929 - Black Thursday.  After several weeks of a downward trend in stock prices, investors began panic selling. More than 13 million shares were dumped. Desperate attempts to support the market brought a brief rally. By December 1, stocks on the New York Stock Exchange had dropped in value by $26,000,000.  The day after the crash, Pres. Herbert Hoover said, "The fundamental business of the on a sound and prosperous basis." In actuality, the Great Depression of the 1930's began.
On March 25, 1929, a mini crash occurred as investors started to sell stocks at a rapid pace, exposing the market's shaky foundation.   Two days later, National City Bank (today’s Citibank) provided $25 million in credit to stop the market's slide, bringing a temporary halt to the financial crisis. However, the American economy showed ominous signs of trouble. Steel production declined. Construction was sluggish. Automobile sales went down. Consumers were building up high debts because of easy credit…and this was before credit cards!  The market had been on a nine-year run that saw the Dow Jones Industrial Average increase in value tenfold, peaking at 381.17 on September 3, 1929.   The optimism and financial gains of the great bull market were shaken on September 18, 1929, when prices on the NYSE abruptly fell a few days after a well-publicized warning from financial expert Roger Babson that "a crash was coming." On September 20, the London Stock Exchange officially crashed when top British investors were jailed for fraud and forgery.   The London crash greatly weakened the optimism of American investment in markets overseas.  In the days leading up to the crash, the market was severely unstable. Periods of selling and high volumes were interspersed with brief periods of rising prices and recovery. Economist and author Jude Wanniski later correlated these swings with the prospects for passage of the Smoot-Hawley Tariff Act, which was then being debated in Congress.  On October 24 ("Black Thursday"), the market lost 11 percent of its value at the opening bell on very heavy trading. Several leading Wall Street bankers met to find a solution to the panic and chaos on the trading floor. The meeting included the heads of Morgan Bank, Chase National Bank, and National City Bank of New York. They chose Richard Whitney, vice president of the Exchange, to act on their behalf.  With the bankers' financial resources behind him, Whitney placed a bid to purchase a large block of shares in U.S. Steel at a price well above the current market. As traders watched, Whitney then placed similar bids on other "blue chip" stocks. This tactic was similar to one that ended the Panic of 1907. It succeeded in halting the slide. The Dow Jones Industrial Average recovered, closing with it down only 6.38 points for the day. But, unlike 1907, the respite was only temporary.  Over the weekend, the events were covered by the newspapers across the United States. On October 28, "Black Monday", more investors facing margin calls decided to get out of the market, and the slide continued with a record loss in the Dow for the day of 38.33 points, or 13%. On "Black Tuesday", October 29, 1929, about 16 million shares traded. The Dow lost an additional 30 points, or 12 percent, amid rumors that President Herbert Hoover would not veto the Smoot-Hawley.  The volume of stocks traded on October 29, 1929 was a record that was not broken for nearly 40 years.
    1930 – Early rock ‘n’ roll singer, The Big Bopper, was born J.P. Richardson in Sabine Pass, TX.  He was with Buddy Holly and Ritchie Valens on the plane that crashed in Iowa, the Day the Music died, Feb 3, 1959.  His big hit was “Chantilly Lace.”
    1931 - The George Washington Bridge was opened, linking New York City with New Jersey. The bridge became a famous New York landmark and has been featured in many movies and TV shows. The toll to cross the bridge was to be temporary -- just to cover costs. But it costs and costs and costs when you have to keep repairing and painting a bridge that big so, the bridge toll continues. And the bridge is still being painted.  2016 toll is now $13.50 with EZ Pass, $15 cash.
    1931 - Alphonse Capone, better known as "Scarface", was convicted for income tax evasion and other charges.  In November 1931, Capone was sentenced to eleven years in federal prison, fined $50,000 plus $7,692 for court costs, and in addition was held liable for $215,000 plus interest due on his back taxes. After years of local and state alleged efforts to get this mobster, the feds were able to collect enough accounting information to sentence him. Capone, who ruled Chicago's illicit beer and liquor trade during Prohibition, had a crime organization netting him an estimated $100 million a year in the late 20's, little of which he declared to the government.
    1932 – Author Stephen Covey (d. 2012) was born in Salt Lake City.  His most popular book was “The Seven Habits of Highly Effective People.” His other books include “First Things First,” “Principle-Centered Leadership,” “The Seven Habits of Highly Effective Families,” “The 8th Habit,” “The Leader In Me — How Schools and Parents Around the World Are Inspiring Greatness, One Child at a Time.” He was a professor at the Jon M. Huntsman School of Business at Utah State University at the time of his death, July 16, 2012.
    1935 - Mike Riley-Eddie Farley record, "The Music Goes Round and Round," Decca, was released.
    1935 - Langston Hughes' “Mulatto” opens, the first Black-authored play to become a long-run Broadway hit.
    1935 – Major League Baseball Commissioner Kennesaw Mountain Landis fined umpire George Moriarty, Cubs manager Charlie Grimm and Chicago players English, Jurges and Herman for actions in World Series.  The Cubs were defeated by the Detroit Tigers 4 games to 2.
    1936 – Ozzie and Harriet’s other son, David (d. 2011), was born in NYC.  He was an accomplished actor, director, producer in his own right. 
    1936 - Bill Wyman, Rock musician with the Rolling Stones
    1937 - Birthday of sax player/composer Odean Pope, Ninety-Six, SC
    1938 – Newly-approved child labor laws prohibit child labor in US factories.
    1939 - Women's nylon hosiery went on sale for the first time -- at Wilmington Dry Goods in Wilmington, DE. Why Wilmington? The DuPont Company, the inventor of nylon, is based there.
    1939 - Benny Goodman records "Let's Dance"
    1939 – Actor F. Murray Abraham was born in Pittsburgh.
    1940 - The 40-hour work week went into effect in the United States.
    1944 - McCAMPBELL, DAVID, Medal of Honor.
Rank and organization: Commander, U.S. Navy, Air Group 15. Place and date: First and second battles of the Philippine Sea, 19 June 1944. Entered service at: Florida. Born: 16 January 1910, Bessemer, Ala. Other Navy awards: Navy Cross, Silver Star, Legion of Merit, Distinguished Flying Cross with 2 Gold Stars, Air Medal. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commander, Air Group 15, during combat against enemy Japanese aerial forces in the first and second battles of the Philippine Sea. An inspiring leader, fighting boldly in the face of terrific odds, Comdr. McCampbell led his fighter planes against a force of 80 Japanese carrier-based aircraft bearing down on our fleet on 19 June 1944. Striking fiercely in valiant defense of our surface force, he personally destroyed 7 hostile planes during this single engagement in which the outnumbering attack force was utterly routed and virtually annihilated. During a major fleet engagement with the enemy on 24 October, Comdr. McCampbell, assisted by but l plane, intercepted and daringly attacked a formation of 60 hostile land-based craft approaching our forces. Fighting desperately but with superb skill against such overwhelming airpower, he shot down 9 Japanese planes and, completely disorganizing the enemy group, forced the remainder to abandon the attack before a single aircraft could reach the fleet. His great personal valor and indomitable spirit of aggression under extremely perilous combat conditions reflect the highest credit upon Comdr. McCampbell and the U.S. Naval Service. 
    1944 - O'KANE, RICHARD HETHERINGTON, Medal of Honor.
Rank and organization: Commander, U.S. Navy, commanding U.S.S. Tang. Place and date: Vicinity Philippine Islands, 23 and 24 October 1944. Entered service at: New Hampshire. Born: 2 February 1911, Dover, N.H. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of the U.S.S. Tang operating against 2 enemy Japanese convoys on 23 and 24 October 1944, during her fifth and last war patrol. Boldly maneuvering on the surface into the midst of a heavily escorted convoy, Comdr. O'Kane stood in the fusillade of bullets and shells from all directions to launch smashing hits on 3 tankers, coolly swung his ship to fire at a freighter and, in a split-second decision, shot out of the path of an onrushing transport, missing it by inches. Boxed in by blazing tankers, a freighter, transport, and several destroyers, he blasted 2 of the targets with his remaining torpedoes and, with pyrotechnics bursting on all sides, cleared the area. Twenty-four hours later, he again made contact with a heavily escorted convoy steaming to support the Leyte campaign with reinforcements and supplies and with crated planes piled high on each unit. In defiance of the enemy's relentless fire, he closed the concentration of ship and in quick succession sent 2 torpedoes each into the first and second transports and an adjacent tanker, finding his mark with each torpedo in a series of violent explosions at less than l,000-yard range. With ships bearing down from all sides, he charged the enemy at high speed, exploding the tanker in a burst of flame, smashing the transport dead in the water, and blasting the destroyer with a mighty roar which rocked the Tang from stem to stern. Expending his last 2 torpedoes into the remnants of a once powerful convoy before his own ship went down, Comdr. O'Kane, aided by his gallant command, achieved an illustrious record of heroism in combat, enhancing the finest traditions of the U.S. Naval Service. 
    1944 – Two Japanese warships, carrier Zuikaku and battleship Musashi, are sunk by US forces during the Battle of Leyte Gulf in the Philippines.
    1945 - The United Nations charter took effect on this day at the San Francisco Conference. 51 countries came together determined to save succeeding generations from the scourge of war; to reaffirm faith in human rights; to promote social progress and better standards of life; to practice tolerance and live together in peace and unite their strength to maintain international peace and security. Since 1971, by unanimous request of the U.N. General Assembly (the world's forum for discussing matters affecting world peace and security), this day has been observed throughout all UN member nations as a public holiday, United Nations Day.
(Lower half of: )
    1947 - The Bar Harbor holocaust occurred in Maine when forest fires consumed homes and a medical research institute. The fires claimed 17 lives, and caused $30 million damage.
    1947 – Walt Disney testifies before the House Un-American Activities Committee, naming Disney employees he believes to be Communists.
    1951 - Sacramento, CA, reported a barometric pressure of 29.42 inches, to establish a record for October
    1951 - The largest air battle of the Korean War occurs as 150 MiGs attack a formation of B-29s escorted by 55 F-84 Thunderjets. Four of the bombers were destroyed and three others seriously damaged and one F-84 was lost. Eight MiGs were destroyed (an additional two probably destroyed) and 10 others heavily damaged.
    1951 – Larry MacPhail suggested there should be four Major Leagues, including one located on the West Coast.
    1952 - Gen. Dwight D. Eisenhower, campaigning for President in Detroit, delivered his famous speech about Korea. He promised to go to Korea and seek “an early settlement to the war” if elected President. He was -- and he did.
    1956 - The first Presbyterian female minister, the Reverent Margaret Ellen Towner, was ordained in her home church in Syracuse, NY. She was appointed minister of Christian education of the First Presbytery Church, Allentown, PA. She had received a Bachelor of Divinity degree from Union Theological Seminary, New York City, in 1954.
    1956 - Top Hits
“Honky Tonk (Parts 1 & 2)” - Bill Doggett
“Love Me Tender” - Elvis Presley
“The Green Door” - Jim Lowe
“Hound Dog/Don't Be Cruel” - Elvis Presley
    1956 - Elvis receives his first letter from the local draft board concerning his draft status.
    1958 - One of my favorite mystery writers, Raymond Chandler, starts working on his last novel, “The Poodle Springs Story,” but he will die before completing it. Chandler was born in 1888 in Chicago. He was raised in England, where he went to college and worked as a freelance journalist for several newspapers. During World War I, Chandler served in the Royal Flying Corps. After the war, he moved to California, where he eventually became the director of several independent oil companies. He lost his job during the Depression and turned to writing to support himself at the age of 45. He published his first stories in the early 1930s in the pulp magazine “Black Mask” and published his first novel, “The Big Sleep,” in 1939. He published only seven novels, among them “Farewell My Lovely” (1946) and “The Long Goodbye” (1953), all featuring tough, cynical detective Philip Marlowe. William Faulkner wrote the screen version of “The Big Sleep,” which starred Humphrey Bogart as Philip Marlow. Chandler also wrote Hollywood screenplays in the 1940s and early 50s, including “Double Indemnity” (1949) and “Strangers on a Train” (1951). He died in March 1959. “There was a desert wind blowing that night. It was one of those hot, dry, Santa Ana's that come down through the mountain passes and curl your hair and make your nerves jump and your skin itch. On nights like that, every booze party ends in a fight. Meek little wives feel the edge of the carving knife and study their husbands' necks. Anything can happen."

    1960 - Brenda Lee hit #1 for the second time in the year with "I Want to Be Wanted." 1960 was a very good year for the young (age 15) songstress. In addition to her first #1 smash, "I'm Sorry" (July 18), Lee had two other songs on the charts: "Sweet Nothin's" (#4, April 18) and "That's All You Gotta Do" (#6, July 4).
    1960 - Neil Sedaka records "Calendar Girl," which will reach #4 in the US early the following year.
    1960 - Frank Sinatra had the #1 LP on the US album chart with "Nice 'n' Easy."    
    1962 - James Brown's appearance at the Apollo Theatre in New York was recorded for a live album called "Live at the Apollo." The LP would go on to sell over a million copies and earn a reputation for being one of the finest concert albums ever made and was listed at #24 in Rolling Stone Magazine's 2003 list of the 500 greatest albums of all time. 
    1962 - The U.S. blockade of Cuba during the missile crisis officially began under a proclamation signed by President Kennedy. Atlantic Fleet begins quarantine operations by blockade to force Soviet Union to agree to remove ballistic missiles and long range bombers from Cuba. On the day the quarantine was to take effect, the alignment of Soviet and free world nations continued to develop rapidly.
    1963 - Bob Dylan records "The Times They Are A-Changin'," "One Too Many Mornings"
    1963 - The Beatles left Great Britain for their first tour outside of their homeland.
    1964 - Top Hits
“Do Wah Diddy Diddy” - Manfred Mann
“Last Kiss” - J. Frank Wilson & The Cavaliers
“We'll Sing in the Sunshine” - Gale Garnett
“I Don't Care (Just as Long as You Love Me)” - Buck Owens
    1964 - The Santa Barbara, CA Civic Center hosts the historic Teenage Music International Show (later known as TAMI), featuring Chuck Berry, The Supremes, The Beach Boys, James Brown, Marvin Gaye, The Rolling Stones, The Miracles, Jan and Dean, Lesley Gore, Gerry and the Pacemakers, and Billy J. Kramer and the Dakotas.
    1966 - The Yardbirds and Country Joe and the Fish appear at the San Francisco Fillmore.
    1968 - At the National Air and Space Administration, test pilot Bill Dana was at the controls of the North American X-15 rocket-propelled research aircraft when it made the 199th--and what turned out to be the final--flight of the X-15 program. He was flying the X-15-1, which had been the first of three aircraft to participate in a series of tests that spanned a decade and resulted in major advances for America's space flight program. In the course of that research, the X-15s spent 18 hours flying above Mach 1, 12 hours above Mach 2, nearly 9 hours above Mach 3, almost 6 hours above Mach 4, one hour above Mach 5 and a few short minutes above Mach 6. The X-15 was hailed by the scientific community as the most successful research aircraft of all time.
    1969 - Unseasonably cold air gripped the northeastern U.S. Lows of 10 degrees at Concord, NH, and 6 degrees at Albany, NY established October records
    1970 - President Richard Nixon appealed to radio broadcasters to screen songs with drug-related lyrics.
    1970 - Santana's LP Abraxas hits #1
    1972 - Top Hits
“My Ding-A-Ling” - Chuck Berry
“Burning Love” - Elvis Presley
“Nights in White Satin” - The Moody Blues
“Funny Face” - Donna Fargo
    1972 – Jackie Robinson died of heart disease at age 53.
    1973 - Art Garfunkel is awarded a gold album for his first solo L.P. "Angel Clare" which contains the hit, "All I Know." 
    1973 – The Yom Kippur War between Israel and the Arab states coalition ends.  The final settlement between the two sides is contained in the 1978 Camp David Accords, brokered by President Jimmy Carter, that allowed the return of the Sinai Peninsula to the Arab coalition in exchange for the first peace-time recognition of Israel by an Arab country.
    1977 - The first jockey to win more than $5 million in purses in one year was Steve Cauthen of Kentucky, whose purses this day amounted to $5,009,692.
    1978 - The film version of “The Wiz,” an African-American remake of The Wizard of Oz starring Diana Ross and Michael Jackson, premieres in New York City.
    1979 – Yankees’ manager Billy Martin punched a marshmallow salesman, Joseph Cooper, at a hotel in Minneapolis. Owner George Steinbrenner fired him after that and replaced him with Dick Howser for the 1980 season.  Martin would return as manager for the 1983, 1985, and 1988 seasons, and was to be their manager for 1990, when he was killed in an automobile accident.   
    1980 - The British government presented Paul McCartney with a rhodium-plated medallion for being named "the best-selling songwriter and recording artist in history," by The Guinness Book of Records. Since 1962, McCartney wrote or co-wrote 43 million-selling songs and sold over 100 million records. 
    1980 - Top Hits
“Another One Bites the Dust” - Queen
“Woman in Love” - Barbra Streisand
“He's So Shy” - Pointer Sisters    
    1987 - Michael Jackson held the top spot on the Billboard singles chart with "Bad."
    1987 - Snow fell across northeast Minnesota and northwest Wisconsin overnight, with five inches reported at Poplar Lake, MN and Gunflint Trail, MN. Thunderstorm rains caused flash flooding in south central Arizona, with street flooding reported around Las Vegas, NV. Strong northwesterly winds gusting to 50 mph downed some trees and power lines in western Pennsylvania and the northern panhandle of West Virginia.
   1988 – Top Hits
“Groovy Kind of Love” - Phil Collins
“What's on Your Mind (Pure Energy)” - Information Society
“Wild, Wild West” - The Escape Club
“Gonna Take a Lot of River” - The Oak Ridge Boys
“I Believe in You” - Don Williams
   1988 - The John Fogerty vs. Fantasy Records case began. Fantasy claimed that Fogerty had plagiarized his own song "Run Through The Jungle" when he wrote "The Old Man Down The Road."   A jury found in favor of Fogerty, and he sought attorney's fees as provided by the Copyright Act of 1976. Multiple appeals found their way to the US Supreme Court that upheld the discretion of the courts regarding fees and reversed the lower courts’ ruling not to grant Fogerty his legal fees.  
    1989 - A storm in the western U.S. produced up to three feet of snow in the mountains around Lake Tahoe, with 21 inches reported at Donner Summit. Thunderstorms in northern California produced 3.36 inches of rain at Redding to establish a 24-hour record for October, and bring their rainfall total for the month to a record 5.11 inches. Chiefly "Indian Summer" type weather prevailed across the rest of the nation. Fifteen cities in the north central U.S. reported record high temperatures for the date as readings soared into the 70s and 80s. Record highs included 74 degrees at International Falls MN, and 86 degrees at Yankton, SD.
    1989 - The Rock and Roll Hall of Fame announces its 4th annual inductees: The Who, Simon and Garfunkel, The Kinks, The Platters, Hank Ballard, Bobby Darin, The Four Seasons, The Four Tops, the Holland-Dozier-Holland songwriting team, Carole King, and Gerry Goffin.
    1991 - The final frontier for Gene Roddenberry, writer, best known for the creation of “Star Trek.”
    1992 - The Toronto Blue Jays defeated the Atlanta Braves, 4-2, in 11 innings in Game 6 to become the first non-US-based team to win the World Series. Forty-one-year-old Dave Winfield's 11th inning double is the key hit that scored the lead run in Toronto's victory.
    1994 – Greg Maddux of the Atlanta Braves became the first pitcher in Major League history to win three straight Cy Young Awards, unanimously sweeping the National League honor.
    1995 - The Mayor of New York City, Rudy Giuliani, declares today "Tony Bennett Day" in honor of the native singer. Later that night, Bennett celebrates with a gig at Radio City Music Hall.
    1996 - Berry Gordy is awarded a star on the Hollywood Walk of Fame at 7000 Hollywood Blvd.
    2000 – “El Duque” Orlando Hernandez (8-0, 1.90) loses his first postseason game as the Mets defeat the Yankees on a tie breaking eight inning double by Benny Agbayani, 4-2. New York native John Franco gets the win ending the Yankees' record 14-game World Series winning streak.
    2000 - Roger Clemens is fined a reported $50,000 for throwing the jagged barrel of a shattered bat in the direction of Met catcher Mike Piazza in the first inning Game 2 of the World Series
    2001 - The cities of Detroit and Auburn Hills settled lawsuits with Dr. Dre. The lawsuits accused the cities of censorship by threatening to arrest him if he aired a sexually explicit video at a concert in July 2000.
    2002 - John Allen Muhammad (41), an Army veteran who recently converted to Islam, and John Lee Malvo (17), were arrested near Frederick, Maryland, in connection with the sniper shootings that left 10 dead and 3 wounded in the Washington, DC metro area. After his arrest, authorities also claimed that Muhammad admitted that he admired and modeled himself after Osama bin Laden and al-Qaeda, and approved of the September 11 attacks. One of Malvo's psychiatric witnesses testified in his trial that Muhammad had indoctrinated him into believing that the proceeds of the extortion attempt would be used to begin a new nation of only young, "pure" black people somewhere in Canada.  In 2003, a judge ruled that Malvo could be tried as an adult. Muhammad began to argue his own defense on Oct 20, but was sentenced to death and executed in 2009 in Virginia.
     2002 - In Game 5 of the World Series, the Giants annihilate the Angels 16-4 at Pac Bell. Jeff Kent leads the attack with two home runs and four RBIs, and ties a Fall Classic record by scoring four times. Angels win World Series 4-3.
    2003 - The Concorde made its last commercial flight, landing at Heathrow Airport, London.
    2004 – Curt Schilling of the Red Sox became the first starting pitcher to win a World Series game for three different teams. In addition to his Game 2, 6-2, victory for the Red Sox over the Cardinals today, his 8-2 lifetime postseason record includes wins for the Phillies (1993) and Diamondbacks (2001).
    2005 – Civil rights activist Rosa Parks died.
    2005 - Hurricane Wilma reached the U.S. coastline near Everglades City in Florida with maximum sustained winds near 120 mph. The hurricane accelerated across south Florida and the Miami/Fort Lauderdale area, exiting the coast later the same day. There were 10 fatalities in Florida, and nearly 6 million people lost power, the most widespread power outage in Florida history. Preliminary estimates of insured losses in Florida were over $6 billion, while uninsured losses were over $12 billion.
    2007 - In a 13-1 rout of the Rockies, Red Sox second baseman Dustin Pedroia becomes the second player, and first rookie, to hit a leadoff home run in a World Series opener. The 24-year old freshman, the 31st Major Leaguer to homer in his first Fall Classic appearance, joins Orioles' outfielder Don Buford who went yard in 1969 as a leadoff batter in Game 1 off Tom Seaver of the Mets.
    2007 - Facebook Inc. sold a 1.6 percent stake to Microsoft Corp. for $240 million, spurning a competing offer from Google Inc.
    2008 – “Bloody Friday” saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices.
    2012 - In the Giants' 8-3 victory over the Tigers at AT&T Park, Pablo Sandoval becomes the fourth major leaguer to hit three home runs in a World Series game. The San Francisco third baseman, with first, third, and fifth inning round-trippers in the opening game of the Fall Classic, becomes the fourth Major Leaguer to accomplish the feat, joining Yankees outfielders Babe Ruth (1926, 28) and Reggie Jackson (1977) and Cardinals first baseman Albert Pujols (2011). Giants won the World Series 4-0 in 2012.
    2013 - The U.S. Ambassador is summoned by Germany over suspicions that the U.S. monitored the cell phone calls of German Chancellor Angela Merkel.  This was later confirmed.
World Series Champions:
    1992 - Toronto Blue Jays



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  Plus U.S. Alternate Finance Web Sites
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  As Opposed to Leasing--BizFi Report
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   But Doesn't Pay Funder for Three Months
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    Purchase Option Case
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   Echoing the ELFA MFLI-25 July Report
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   But Doesn't Pay Funder for Three Months
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   that is the Question?”
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that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
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   in the IFC Credit Bankruptcy “Approved Disbursements?”
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  on Lease Payoff Quote
- Alert: Dallin Hawkins Making Rounds Again
   Bulletin Board Complaints
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Jeff Taylor's Leasing Predictions, Spring, 2006
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?
   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West
   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs