On this day in history, August 24, 1932, Amelia Earhart becomes first woman to fly solo coast-to-coast

Aviation trailblazer Amelia Earhart became the first woman to fly solo across the U.S. nonstop on this day in history, Aug. 24, 1932. 

Earhart piloted her Lockheed Vega 5B from Los Angeles to Newark in a record 19 hours and 5 minutes. 

The 3,986-kilometer (2,477-mile) flight set an official U.S. record for women’s distance and time, according to the National Air and Space Museum.

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Earhart’s solo, non-stop flight’s average speed for this record-breaking flight was 206.42 kilometers per hour (128.27 miles per hour), and she flew most of the way at an altitude of 3,048 meters (10,000 feet), the same source recounted. 

Less than a year later, Earhart would set a new transcontinental speed record, making the same flight in a record 17 hours and 7 minutes, the same source indicated.

Then on Jan. 11, 1935, she became the first person to solo fly the 2,408-mile distance across the Pacific between Honolulu, Hawaii, and Oakland, California

It was also the first flight in which a civilian aircraft carried a two-way radio, according to The Amelia Earhart official website. 

ON THIS DAY IN HISTORY, JAN. 11, 1935, AMELIA EARHART IS FIRST AVIATOR TO FLY SOLO FROM HAWAII TO CALIFORNIA

Earhart was born on July 24, 1897, in Atchison, Kansas. Her father was a railroad lawyer, and her mother was from an affluent family. 

As a child, she displayed an adventurous and independent nature for which she would later become known, noted Biography.com.

The Earhart family often moved — and while on a visit to her sister in Canada, Earhart developed an interest in caring for soldiers wounded in World War I

In 1918, she left junior college to become a nurse’s aide in Toronto, the same source indicated. When the war ended, Earhart entered a premed program at Columbia University in New York City but left in 1920 after her parents insisted that she live with them in California. 

“It was there she went on her first airplane ride in 1920, an experience that prompted her to take flying lessons,” cited Biography.com.

In 1921, she bought her first plane, a Kinner Airster, and two years later she earned her pilot’s license, the same source said. 

Earhart moved to Massachusetts, where she continued to pursue her interest in aviation.

Earhart continued to reach new heights in aviation. 

On June 17, 1928, she departed Trepassey, Newfoundland, Canada, as a passenger aboard a seaplane piloted by Wilmer Stultz and Louis Gordon, noted Britannica.com.

Much of the publicity was managed by publisher George Palmer Putnam, who had helped organize the historic flight. The couple married in 1931, but Earhart continued her career under her birth name. 

That year she also piloted an autogiro to a record-setting altitude of 18,415 feet, the same source cited.

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In 1930, Earhart purchased the plane that would carry her into history, the iconic red Lockheed 5B Vega she nicknamed “Old Bessie.” It’s been on display at the Smithsonian National Air & Space Museum since its opening in 1976, according to Popular Mechanics.

Then, on May 20, 1932, and exactly five years to the date of Lindberg’s journey, she made her own indelible mark — becoming only the second person to pilot a plane solo across the Atlantic and the first woman, the same source recounted.

This flight in her 5B Vega from Harbour Grace, Newfoundland, to Londonderry, Northern Ireland was completed in a record time of 14 hours 56 minutes despite a number of challenges. 

Earhart faced inclement weather and some mechanical difficulties and was unable to land in her scheduled destination of Paris, Brittancia.com reported.

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Earhart’s fate then turned to tragedy.

On the morning of July 2, 1937, she and her navigator, Fred Noonan, took off from Lae, New Guinea, on one of the last legs in their historic attempt to circumnavigate the globe, History.com reported. 

Their next destination was Howland Island in the central Pacific Ocean, about 2,500 miles away. 

But Earhart never landed on Howland Island.

Battling overcast skies, faulty radio transmissions and a rapidly diminishing fuel supply in her twin-engine Lockheed Electra plane, she and Noonan lost contact with somewhere over the Pacific, the same source recounted. 

“Despite a search-and-rescue mission of unprecedented scale, including ships and planes from the U.S. Navy and Coast Guard scouring some 250,000 square miles of ocean, they were never found,” History.com stated. 

At the time, the Navy concluded that Earhart and Noonan had run out of fuel, crashed into the Pacific and drowned, according to multiple sources. The mystery of her disappearance remains a fixture in popular culture and her fate has been the subject of numerous books and movies.

Although her plane disappeared on July 2, 1937, she was declared officially deceased on Jan. 5, 1939.

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Earhart received numerous posthumous honors. She was enshrined in 1968 in the National Aviation Hall of Fame and in 1973 in the National Women’s Hall of Fame, noted the Topeka Capital-Journal. 

Her image adorns a 1963 air mail stamp. She’s also the namesake of the USNS Amelia Earhart, a Navy cargo ship launched in 2007, the same source said. 

Despite the tragic end to Earhart’s life, her accomplishments and her legacy still serve as an inspiration to thousands of budding young pilots everywhere, noted Britannica.com.

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Is Alternative Lending from Industrial Banks Right for Your Business?

What are industrial banks? What makes them different from commercial banks? More importantly, are they a better source of lending for small businesses? Let’s find out. 

Industrial Banks Are Not New 

These banks are also called Industrial Lending Companies (ILCs). They have roots way back in the early 1900s. That’s when large companies sometimes offered banking services to their employees. Some of these later ventured into the commercial banking realm. In fact, you’ll probably recognize a few. For example all of the following crossed over from industrial bank to commercial. 

  • Goldman Sachs
  • American Express
  • Merrill Lynch Bank USA
  • Morgan Stanley Bank
  • GE Capital Bank
  • And GMAC Bank

Industrial vs. Commercial Banks

The difference between industrial and commercial banks relates to services and structure.

Industrial  Commercial 
Longer repayment periods, often for 15 or 20 years  Financing and repayment periods are typically shorter periods of time 
Do not offer checking accounts. May focus on a single product line, such as auto loans or credit card payment processing Customers can open savings, checking, or money market accounts and certificates of deposit 
Offer limited services, usually installment loans for consumers and small businesses  Earn profits from interest-bearing loans they offer to customers, such as mortgages, personal loans, business loans, and more 
Most are located in Utah Located throughout the U.S. 
Many do not have traditional branches Traditionally offer a number of in-person branches
Limited to states that permit them Exist in all U.S. states 

Currently, only 7 states in the U.S. allow these institutions, and over 90% of these types of banks are in Utah. 

Why Use These Banks for a Business Loan?

It’s simple really. Traditional banks often deny small business loan applications. Due to less regulation, other types of lenders can be less strict. They may be able to offer approval where traditional lenders cannot. 

Are Industrial Banks Safe?

There is no oversight from the Federal Reserve. However, that does not mean these institutions are unregulated. In fact, deposits are FDIC insured. There is also oversight from the chartering state. Currently, only Utah, California, Colorado, Nevada, Hawaii, Indiana, and Minnesota charter these ILCs.  

A Legit Funding Option?

They aren’t a bad option for small business funding. In fact, it may be easier to get approval.  However, terms and rates may be higher. Still, to get the most out of all your business funding options, business credit is a must. Find out more about building business credit now. Schedule a free business finance assessment from one of our specialists. 

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What Are Productized Services?

If you try to grow your consulting or freelance revenue by merely adding more clients to your portfolio, you may hit a common obstacle: Living project to project.  This kind of lifestyle isn’t sustainable for everyone, and it can be frustrating and stressful. One solution to this problem may be productized services. The productized services …

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New comment by Omnipresent in "Ask HN: Who is hiring? (December 2020)"

Raft (https://goraft.tech/) | Multiple Roles | Remote (US Citizen Only) | Full time | https://www.indeedjobs.com/raft-c8bb7a6/jobs

Raft is a niche consulting focused on building cloud native solutions that make a positive impact on wide ranging users. We work in the Govt. Tech space at the intersection of Technology, Data, and Policy. Most of our work is done completely in the open source [0], [1], and [2]. We are looking for like minded folks who want to work on systems that serve a bigger purpose. We are always looking for folks who obsess over automation, want to try new tools, like to dig deep into problem solving, can troubleshoot from logs, and like building inclusive frontends.

Apply at https://www.indeedjobs.com/raft-c8bb7a6/jobs or careers@goraft.tech

[0] https://github.com/cfpb/hmda-platform
[1] https://github.com/raft-tech/TANF-app
[2] https://p1.dsop.io/

New comment by martinbeta1 in "Ask HN: Who is hiring? (November 2020)"

Prisma | Technical Lead: Control Plane | Remote | Full-Time

Until now, Prisma has been fully focused on developer adoption. Now hat we have seen successive months of consistent growth, we are ready to start building out our first enterprise product. The Technical Lead will adopt two developers from the existing team and work closely with the CEO, VP Product and our small Sales Engineering team. Our language is Rust but learning on the job is totally fine – we are more interested in experience building and operating robust high-scale servers and the challenges around deploying to enterprises.

If this sounds interesting to you please check out the full Job Description here and send over your resume: https://grnh.se/745381c82us