Hugh Swandel---Chris Walker Chicago Marathon

From Hugh Swandel, The Alta Group:

“When I learned that Chris had cancer and an inoperable tumor I asked Chris if he would allow me to raise money in his honor by running the Chicago Marathon. Chris was flattered and agreed without hesitation. I can tell you that the friends Chris has in the leasing community have responded without hesitation. Many times I send an email to someone and a donation notification comes back to me within minutes. I have raised my fundraising goal four times after each time I receive a flood of donations from one of my contact lists. To date we have raised almost $7,000 and I believe we can get over the $10,000 mark by race day. I feel it is fair to say that every single person that I have contacted who knows Chris has made a donation – he is just that kind of person.

“I believe Chris inspires a lot of people by the way he has always given back to this industry and by the class and dignity he has shown throughout his battle with cancer. He is a rare and special person who seems to always be giving more than he is getting.

“The leasing community has had too many members attacked by cancer in recent years and we can add our voice and support to the cause.”

The page above is static. To view it "active," please go to:
http://main.acsevents.org/site/TR/DetermiNation/DNFY11IL?px=22131218&pg

[headlines]
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Classified Ads---Controller, Credit and Collections

(These ads are “free” to those seeking employment
or looking to improve their position)

 

Chicago, IL experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating. Email: leasecontroller@comcast.net

Southeastern, MI Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate. Email: Leasebusiness@aol.com

Southern CA 20 years exp. as hands-on leasing CFO, managing accounting, treasury, FP&A, including securitizations, Great Plains/FRx, budgets, risk management.  MBA.  Also available as interim Controller/CFO, consultant. Email: leasecfo@gmail.com

Credit and Collections Manager Seasoned Small ticket Credit Manager with remote office based out of Chicago, IL willing to relocate seeks challenging high volume challenging position. Wgriffith61@yahoo.com | Resume

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

-----------------------

American Bank Leasing No Longer Funding New Business

(abanklease.com)

A listing in the funding section shows the company was founded in 2001 with Jim Doster as president, and had ten full time employees, generally leased "hard assets" in the $20,000 to $150,000
http://www.leasingnews.org/Funders_Only/Funders.htm#americanb

Jim Doster

Jim Doster is also president at Bulldog Asset Management that he founded November, 2007, which "...provides comprehensive asset management services to banks and leasing companies nationwide. Our dealership, Bulldog Truck and Equipment Sales actively markets client assets, combining financing with asset sales to yield the highest possible return."
http://www.linkedin.com/in/jimdoster

It should be noted that an announcement this week that James Kurisko was hired to market Bulldog Asset Management, Atlanta, Georgia, its services to banks and leasing companies nationwide.
(see “New Hires-Promotions.”)

Jeff Schubert

Jeff Schubert is listed in Linkedin.Com as President and CEO of American Bank Leasing told Leasing News, "I was recently bought out from the Bulldog entities and took over the rest of ABL as a part of the deal. As such, I am now CEO of the company. However, I am currently only using the ABL name as a dba for my new company. I am not booking or funding any new business at ABL."
http://www.linkedin.com/in/jeffschubert

In a telephone interview, he said that he had a new entity and it was premature to go into an announcement, although he is in touch with current vendors and other sources, and prefers to “stay under the radar” for the time being on his plans.

A July 18, 2002 story notes Schubert joining the company:

“We are very excited to welcome Jeff to American Bank Leasing and believe he will add significant value to expanding our successful community bank and vendor programs,” said American Bank Leasing President Jim Doster.

Prior he was vice president and division manager for CitiCapital where he managed a middle market equipment leasing operation. Schubert also was a division manager for American Equipment Leasing and Syndication Manager for Lease Plan U.S.A.

American Bank Leasing, established in February 2001, focuses on providing high quality equipment leasing programs for community banks and vendors. ABL currently has contracts with over 40 banks and vendors.

(July/August Deals List Now Available)

 

 

Leasing Companies Out of Business
plus No Longer taking Broker/Discounting Business

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio.

More details are available in this list by company name:

http://www.leasingnews.org/list_alpha_new.htm

*ACC Capital, Midvale, Utah (lenders running off portfolio residuals)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
(No longer taking new broker business) 
Alliance Financial, Syracuse, New York
*AMC Funding, Charlotte, North Carolina
*American Bank Leasing, Alpharetta, Georgia
Balboa Capital, Irvine, Ca
Bankers Healthcare Group, Weston, FL.
*C and J Leasing Corp, Des Moines, Iowa
*Carlton Financial Corporation, Wayzata, Minnesota
*Chase Industries, Inc., Grand Rapids, Michigan
*Chesterfield Financial, Chesterfield, Missouri
CHG-MERIDIAN U.S. Finance, Ltd, Woodland Hills, CA
(Sales Management focuses very selectively on certain brokers.)
*Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
Commercial Equipment Lease, Eugene, Oregon 
Concord Financial Services, Long Beach, California
Court Square, Malvern, Pennsylvania
*Creative Capital Leasing Group, LLC, San Diego, CA
Direct Capital, Portsmouth, New Hampshire
Diversified Financial Service, Omaha, NE
Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama 
Evans National Leasing, Inc., Hamburg, NY
Enterprise Funding, Grand Rapids, Michigan 
*Excel Financial Leasing, Lubbock Texas
*First Corp.(IFC subsidiary), Morton Grove, Illinois
First Federal Financial Services, Inc., Menomonee Falls, Wisconsin
First Republic Bank, San Francisco, CA
Frontier Capital, Teaneck New Jersey 
*GCR Capital, Safety Harbor, Florida 
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
*Greystone, Burlington, MA
*Heritage Pacific Leasing, Fresno, CA
Hillcrest Bank Leasing, Overland Park, KS (Parent bank sold)
Huntington Equipment Finance, Vendor Finance Group, Bellevue, Washington
*IFC Credit Corp., Morton Grove, Illinois
Irwin Financial (Irwin Union Bank), Columbus, Indiana 
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
*Latitude Equipment Leasing, Marlton, New Jersey
*Leaf Specialty Finance, Columbia, South Carolina
*LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Business Services, Mount Laurel, NJ (accepting no new brokers, they may have opened for a select fee, but no more at this time, they say.)
M&T Credit (Bank)
*MericapCredit, Lisle, Illinois
Merrill Lynch Financial
Midwest Leasing Group, Livonia, Minnesota
National City, Cleveland, Ohio
*Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Old National Bank, Evansville, Illinois
Pentech Financial, Campbell, CA
*PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
*Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Radiance-Capital, Tacoma, WA
Rational Technology Solutions, Rolling Meadows, IL
*Reliant National Finance, Jacksonville, Florida
Sandy Springs, Olney, MD
Sovereign Bank, Melville, New York
Specialty Funding, Albuquerque, NM
Sun Trust Equipment Finance & Leasing, Baltimore, Maryland 
*SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TCF Equipment Finance, Minnetonka, Minnesota 
TechLease, Morgan Hill, California
Textron Financial
*Triad Leasing & Financial, Inc., Boise, Idaho
*Union Capital Partners, Midvale, Utah
US Bank, Manifest Funding, Marshall, Minnesota
(new requirement: large yearly funding) 
US Bank, Middle-Market, Portland, Oregon 
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon (former company Len Ludwig)
*Vision Capital, San Diego, California
Wachovia Bank Leasing
*Washington Mutual Financial
Western Bank, Devils Lake, ND
*Westover Financial, Inc., Santa Ana, California

(Note: Should a company policy have changed, please contact kitmenkin@leasingnews.org)

Funders looking for new Brokers:
http://www.leasingnews.org/Funders_Only/New_Broker.htm

"Broker/Lessor" looking for broker business:
http://www.leasingnews.org/Brokers/brokerlessor_bussiness.html

NAELB Broker Exchange
http://www.leasingnews.org/Pages/broker_exchange.html

Why Choose Advanced Property Tax Compliance?

Dedicated to the leasing industry click here to learn more. Hear What Our Clients say about us click here Gary DiLillo, President 216-658-5618 or gary@avptc.com

[headlines]
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Bear Mountain Leasing Moves to New Offices

Founded after he left Marlin Leasing in 2005, Brian Cornell has moved his company Bear Mountain Leasing to 327 North Washington Ave. Scranton, Pennsylvania. He is very proud of the new location, less than two hours away from both Philadelphia and New York City, he adds.

He says his company “has not just survived, but thrived through the financial crisis. We offer a 'niche' to our vendors as we cater exclusively to the foodservice industry.

"We have always taken a long term view of success with Bear Mountain Leasing, which has allowed us to maintain our vendor and funding relationships despite a difficult environment."

Brian Cornel "at the Phillies game"

Cornell has over 15 years experience in small ticket leasing starting with Advanta and later he was the "lucky 13th" employee of Marlin Leasing.

He left Marlin in 2005 to explore other interests, and says he has learned a lot from his experience.

"I always felt that my previous employers were too focused on short term profits, and not on long term vendor relationships. Rather than loading up on fee income such as interim rent and renewals, Bear Mountain Leasing offers fair and upfront pricing, we are in this for the long haul, and our customers appreciate that."

He adds, "Bear Mountain Leasing seems to be bucking the trend, not only in their survival, but also in the way they do business."

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

GreatAmerica Portfolio Service Joins “Back Office” List

GreatAmerica Portfolio Services Group LLC (l) Parent Company founded 1992 Joe Andries Vice-President & General Manager GreatAmerica Portfolio Services Group Tel. 877-762-3808 or 507-929-5117 Fax 877-762-3809 jandries@greatamerica.com www.greatamerica.com

13

General Manager Joe Andries

Backup and Third Party Servicing Solutions including:  Origination Workflow, Documentations, Account Support, Portfolio Mgmt, Loss Mitigation, Cash Mgmt, Tax Compliance, & Web-Based Reporting

N/A

US and Canada

Contact Us

“We are a lease and loan outsourcing service provider specializing in backup, third party and successor servicing. Our entrepreneurial approach to business has created a culture that puts high value on finding solutions that help our customers achieve greater success. We provide an exceptional operational platform that allows our Partners to outsource their servicing needs without relinquishing control of their customer. An ideal Partner is a business that has identified a need for servicing and wants to reduce costs and operational barriers so they can concentrate on core strengths. Our experience, industry knowledge, capabilities, and ‘Helping You Get There’ approach delivers value to our Partners and their customers.”

Joe Andries
Vice-President & General Manager
GreatAmerica Portfolio Services Group
Tel. 877-762-3808 or 507-929-5117 Fax 877-762-3809
jandries@greatamerica.com
http://www.greatamerica.com

Back Office Company List:
http://www.leasingnews.org/Ag_leasing/backoffice.htm

 

 

Leasing Industry Help Wanted

Executive Director of Sales Laguna Hills, CA Base Salary, performance bonuses, sales overrides, full benefits Require excellent track record of integrity based performance with strong leadership skills for business development.  Manage existing sales force. Optimize diverse array of financial products and solutions. Execute sales enablement strategies. Trusted advisor on executive team.   “STRADA Capital has been raising the standard for excellence in financial solutions for over 10 years.  Our success stems from our unwavering commitment to our customer’s success” Brad Kissler, BKissler@stradacapital.com, 949-789-8850, ext.222 www.stradacapital.com

MIDATLANTIC FINANCIAL INC, in business 21 years, seeks success-minded independent sales contractors with 3+ yrs equipment finance/leasing sales experience to generate lower to middle market transactions under a very generous commission sharing plan. Please contact us for more details. Contact Scott Lesnettt, slesnett@midatlanticfinancial.com or Al Hosack, ahosack@midatlanticfinancial.com www.midatlanticfinancial.com

Looking for seasoned sales professionals with 5+ years experience closing both Equipment Leasing Transactions and Merchant Cash Advance Transactions ---New leads daily generated through our marketing efforts, and call center. Base salary plus commission, includes daily abundance of marketing leads. West Los Angeles, CA Emma 310.447.3460 ext. 319 ecabildo@imcacapital.com imcacapital.com

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

New Hires---Promotions

Mark Crain was named senior vice president and regional manager, south region, for CSI Leasing, St. Louis, Missouri. He is based out of Houston, Texas. He joined CSI Leasing March, 1996. He has a BBA, Finance, University of Mississippi (1974-1978).
http://www.linkedin.com/pub/mark-crain/1/187/672

Jim Harrison was named Regional Sales Manager, Creekridge Capital, Minneapolis, Minnesota, to service the healthcare and technology business sectors. He will be working from Creekridge's Minneapolis office; will be responsible for originating lease referral business in the Midwest region of the United States. He joined the company May, 2011. Previously he was Enterprise Strategic Account Manager, Siemens Industry(January, 2007-February, 20011), Senior Regional Strategic Account Executive for CT, Siemens Medical Solutions USA, (January, 2007-June, 2008), Senior Strategic Account Executive Healthcare Equipment Consultant and Trainers, General Electric Medical Systems, Distributor Medical Sales Partners (January, 2001-January, 2007), Midwest area Sales Manager, Coherent Medical Group (January, 2999-January, 2001), Senior Sales Representative & Distributor-Co-Owner, CEO, and Secretary, Carl Zeiss, Inc, Distributor, owner of "Advanced Medical Instruments (January, 1989-January, 1999). BBA, Management, Texas Tech University (1970-1974), Rochester Institute of Technology.
http://www.linkedin.com/in/jrh659cwpx

Bruce Homan was promoted to senior vice president, M&I Equipment Finance, Milwaukee, Wisconsin, in charge of the Chicago-based sales team. He M&I Bank March, 2005 and was Vice-President Sales, Equipment Leasing. Previously he was Vice-President, sales, US Bancorp Equipment Finance (1996-2005), Credit Analyst, ITT Industrial Credit (1982-1984). He has a BA Business, Minnesota State University, Moorhead (1975-1978).
http://www.linkedin.com/pub/bruce-homan/b/511/731

James Kurisko was hired by Bulldog Asset Management, Atlanta, Georgia, to services banks and leasing companies nationwide. Previously he was Vice-President Sales, SL Financial Services (March, 2006-February, 2011), Bank Officer/Regional Sales Manager equipment finance, M&T Bank( September, 2000-March, 2006), Northeast sales Manager, BankVest Capital (1996-2000), Southern Connecticut State University(1983-1987), Saint Thomas Aquinas College, BS, Social Science.
http://www.linkedin.com/pub/jamie-kurisko/35/914/660

Kevin Manley was hired as vice-president, M&I Equipment Finance, Milwaukee, Wisconsin, responsible for sales in the Illinois marketplace. Previously he was Vice-President, SunTrust Equipment Finance& Leasing (January, 2004-August, 2011), Vice-President, Key Equipment Finance (2001-2004),Vice-President, Banc One Leasing Corporation (2000-2001), Indiana University Bloomington (1982-1985), Lyons Township High School.
http://www.linkedin.com/pub/kevin-manley/2/661/476

Maripat Newington was named senior vice president and district manager for CSI Leasing, St. Louis, Missouri. Previously vice president, Newington manages a team that oversees sales in Alabama and Georgia. She joined CSI in 1995. Previously she was Account Executive, EMC (1988-1994). University of Georgia-Terry College of Business (1983-1987)
http://www.linkedin.com/pub/maripat-newington/1/b07/737

Bryan Stenberg was named senior vice president and district manager for CSI Leasing, St. Louis, Missouri. He manages a team that oversees sales in New Jersey. He is based in Lebanon, New Jersey. He joined the company in 1995. Previously he was Senior Account Executive, EMC (1989-1996). Boston College, (1985-1989).
http://www.linkedin.com/pub/bryan-stenberg/1/896/94

Steve Taylor was appointed Chief Sales Officer for GSG Leasing, Brooklyn, New York. He previously was vice-president, Vendor Development, Varilease (January, 2008-March, 2001), SVP, TIP Capital(September, 2003-October, 2007), Vice-President, Siemens Financial Services (2002-2003), SVP-Global Program Manager-Apple Financial Services, Heller Financial (1998-2002), SVP-Sales and Marketing, Dana Commercial Credit (1990-1998). BA-Economics & Manager, Albion College (1978-1982) Activities and Societies: 2007 inductee - Albion College Hall of Fame, Captain - Football & Baseball, Alpha Tau Omega
http://www.linkedin.com/pub/steven-taylor/6/7a0/b06

Drew Vabulas was hired as Regional Sales Manager, Creekridge Capital, Minneapolis, Minnesota, to service the healthcare and technology business sectors. He is responsible for originating vendor programs in the Southeast region of the United States. He joined Creekridge April, 2011. Previously he was National Account Manager, Macquarie Corporate and Asset Finance (December, 2010-April, 2011), Regional Sales Manager, Marlin Leasing (August, 2007-December, 2010), Senior Billing Consultant, Innovative System (September, 2006-July, 2007), Inside Sales Manager, Interactive Business Information Systems, Inc (March, 2005-August, 2006). Augsburg College (2002-2005) Activities and Societies: Varsity Baseball Young Republicans. The Walker School (1996-2000).
http://www.linkedin.com/pub/drew-vabulas/7/373/653

 

[headlines]
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Rosanne Wilson, CLP, Back at Work

Rosanne Wilson, CLP, B.P.B.

Rosanne most recently completed 5 years serving on the Board of Directors of the National Association of Equipment Leasing Brokers (NAELB); one year as a Director and four years as Treasurer. She is a long time supporter of Leasing News and serves on the Leasing News Advisory Board.

Rosanne has been a Certified Lease Professional for 12 years, serving the last two years on the CLP foundation Board of Directors. She is also a “Best Practices Broker”, a Master Member of the NAELB, and an accredited member of the Better Business Bureau for 20 years. She currently serves on the NAELB Membership Committee, the Screening Committee and the newly formed Funder Task Force. In addition, she is a 22 year member of the Beaverton Chamber of Commerce and is listed in the Who’s Who of Business Leaders.

(Posted on National Association Equipment Leasing Broker Forum)

“Hello to all of my wonderful NAELB Family. I have missed you all so much. It is with love and gratitude that I am posting my good news today on the Forum. My recovery from the Cancer treatments has improved enough that my doctor has given me the OKAY to return to my office and work this week. He is insisting on "half-days" to start with and as I get stronger I can increase the number of hours. Today is my third day at my office and I'm loving it.

“You have no idea how good it feels to see the inside of my office again and to sit at my desk with all my wonderful surroundings just like they were when I left here 3 months ago. When you have worked every day of your life since you were 16 years old, it was really tough for me mentally to have to stop work and stop everything that I loved for 3 months.

“I actually drove my car this week by myself for the first time in 3 months. I felt like I was 16 again! It's hard to describe. The everyday things we all take for granted I appreciate so much more.

“My perspective has changed on everything in life. We all find things to grumble about and complain about. I have learned not to sweat the small stuff. None of that matters. The most important things to me are God, my family, and friends.

“I want you to know how much I love you all and thank you all for reaching out to me with your prayers and well wishes, or stopping by the Caring Bridge website to sign my Guest book and type your messages of love and support. For those that offered donations, I truly thank you. I know how tough business is right now, so God bless you for your gifts. The medical bills I'm facing are insane, but it doesn't matter. It's all of YOU who matter to me.

“All of YOU are blessings in my life and I have so much to be thankful for. The NAELB is not just a leasing association, it is a wonderful family of people who really care about each other and help each other. I am so anxious to come to the Annual Conference in Denver coming up in April.

“I want to celebrate with all of you and thank you in person. Some of you are going to get some big squeezes and hugs, so you'd better come! I want to leave you with one thought today and that is to Smile and find something joyful in each day. Tell the people in your life how much you love them.“

With Love & Gratitude,
Rosanne Wilson, CLP

 

 

Top Car, according to Edmunds.com

1932 Ford

What was the greatest car ever?

Edmunds.com say that the 1932 Ford V8 tops the list of the 100 greatest cars of all time.

The Ford was “the first performance car a working man could afford, with looks swiped straight from Duisenberg. This car has defined American automotive culture for nearly 80 years.”

Other vehicles on Edmunds’ list include the 1906 Rolls-Royce Silver Ghost, which came in at #68 and is the oldest.

It places just two cars from the last 40 years in the top 20 -- the 1973 Pontiac Trans Am Super Duty at #19 and the 1987 Buick Grand National and GNX at #20. The only 2011 model to make the list was the Nissan Leaf, which ranked #58 and is electric in its drive train rather than in styling.

1955 Chevy was third on the list. It should have been first.

The 1955 Olds was not on the list. It was a great one. I owned one, at one time! It was the fastest on the road at the time. My first speeding ticket was dragging on Sunset Blvd., right after Mandeville Canyon Road. I think Chris Morgan was driving the other car, his father-- Harry Morgan--- hardtop convertible Ford---it could hold the road on the curves!)

Kit Menkin

Edmunds list:
http://www.insideline.com/features/the-100-greatest-cars-of-all-time.html

John Kenny Receivables Management www.jrkrmdirect.com • End of Lease Negotiations & Enforcement • Fraud Investigation • Credit Investigations • Asset Searches • Skip-tracing • Third-party Commercial Collections The Solution to Your Credit & Accounts Receivable Needs John Kenny 315-866-1167 |  John@jkrmdirect.com

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

 

 

Last Day Today “Early Bird” NEFA Conference

Early Bird registration and hotel discounts will expire today, Friday, August 26th for the
2011 National Equipment Leasing Funding Symposium, September 15-17,
at the Marquette Hotel, in Minneapolis, Minnesota,

Funding Source Exhibitors
Allegiant Partners, Chris Enbom
Bank of the West, Steve Crane
Boston Financial & Equity, Debbie Monosson
Dakota Financial, Michael Green
Financial Pacific Leasing, Terey Jennings
Maxim Commercial Capital, Doug Houlihand
Pawnee Leasing, Gary Souverein
TAB Bank, Eric Myers

also Exhibiting
GreatAmerica Leasing Portfolio Services, Joe Andries

Luncheon Speaker
David D'Antonio, Managing Director
EverGreen Bank Lender Finance Group
http://www.linkedin.com/pub/david-d-antonio/3/301/282

Agenda:
http://www.nefassociation.org/displaycommon.cfm?an=1&subarticlenbr=130

Rates and registration
https://m360.nefassociation.org/event.aspx?eventID=30371

--------------------------------------------------------------------------

All Leasing Conferences are also now up-dated

 

http://www.leasingnews.org/Conscious-Top%20Stories/Assc_conf.htm

#### Press Release #############################

CIT Establishes $2 Billion Committed Revolving Credit Facility

Repays Remaining $2.5 Billion First Lien Term Loan

NEW YORK----CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it successfully closed a new $2 billion committed revolving credit facility with a syndicate of key relationship banks. Proceeds from the new revolving credit facility and available corporate cash were used to fully repay (at par) and terminate CIT’s outstanding $2.5 billion first lien term loan.

“We continue to make significant progress executing our liability restructuring roadmap as we redeem legacy debt at lower costs and migrate towards a more flexible debt structure”

The new $2 billion revolving credit facility matures in August 2015 and carries an interest rate ranging from LIBOR + 2.00% to 2.75% (with no floor) based on CIT’s long term senior unsecured credit rating. The revolving credit facility currently benefits from the same collateral and security package as the old first lien term loan; however, upon repayment in full of CIT’s outstanding Series A Notes the revolving credit facility will automatically become unsecured, providing the Company with greater flexibility.

“We continue to make significant progress executing our liability restructuring roadmap as we redeem legacy debt at lower costs and migrate towards a more flexible debt structure,” said John A. Thain, Chairman and Chief Executive Officer.

Since the beginning of 2010, CIT has eliminated or refinanced more than $13 billion of first lien and second lien debt, including $7.5 billion of first lien debt, more than $3.5 billion of Series A Notes and its entire $2.1 billion of Series B Notes.

BofA Merrill Lynch, Barclays Capital and J.P. Morgan served as joint lead arrangers and joint bookrunners on the revolving credit facility with Bank of America, N.A. serving as Administrative Agent.

#### Press Release #############################

Bank Deposits at Record High - Nearly $10 Trillion

Deposits in FDIC insured institutions reached an all time high of $9.8 trillion at the end of June. Never in U.S. history did consumers accumulated so much cash in bank accounts.

SAN ANSELMO, Calif. – The latest analysis from Market Rates Insight (www.marketratesinsight.com) shows that total deposits in FDIC insured institutions continues to increase reaching a historic record of $9.8 trillion at the end of June. The record amount of deposits increased by $343 billion in the first half of this year. Most of the increase in deposits in the first half of this year, (99 percent) occurred in domestic accounts.

The shift of money from CDs to liquid accounts (checking, savings and money market) continues. In the first half of this year, balances of CDs, which require time commitment, decreased by $94 billion – from $1,978 billion to $1,884 billion, whereas balances of liquid accounts increased by $446 billion – from $5,895 billion to $6,341 billion. Additionally, the shift of balances from business to retail consumer deposits continues. In the first half of this year, the amount of retail consumer deposits increased by $382 billion, whereas business deposit balances decreased by $29 billion. As of June, retail consumer balances made up 90.1 percent of total deposits, up from 89.2 percent in the beginning of the year.

“We projected this phenomenal growth in deposits and the shift from term to liquid accounts in the analysis we produce last year,” said Dan Geller, Ph.D. Executive Vice President at Market Rates Insight, “the reason we are witnessing such growth and shift in deposits despite meager interest rates is because consumers are very fearful about the economy, and are fleeing to the safety and security of insured and liquid deposits.”

About Market Rates Insight
Market Rates Insight (MRI, www.marketratesinsight.com) is a reputable provider of competitive-pricing information and analysis to financial institutions. MRI’s competitive data is complete, detailed and timely, which allows for the highest level of pricing precision. Therefore, the use of MRI’s competitive data ensures greater pricing optimization, and subsequently, improved profitability. In addition to competitive-pricing data, MRI also conducts pricing analysis and provides tracking of industry indexes. MRI’s indexes, published weekly in the National Pricing Indicators, are the industry standard for deposit pricing, and are viewed weekly by executives of banks and credit unions through video, audio and print channels.

#####Press Release ###########################

MicroFinancial/TimePayment Announces Release of New Android App

MicroFinancial Incorporated (NASDAQ: MFI), a financial intermediary specializing in vendor-based leasing and finance programs for microticket transactions, announced today the release of a new Android App. This application will provide mobile access to TimePayment Direct, the proprietary multi-level scoring model of our wholly owned subsidiary, TimePayment Corporation (TPC), and will be available free to all qualified vendors and brokers of TPC through the Android Market. With the introduction of the Android App, TPC's vendors and brokers will now have four different ways in which to access TimePayment Direct to submit and process credit applications (Android, iPhone, iPad and computer).

This new application means that TimePayment Direct will be with vendors and brokers anywhere they are, giving them the ability to enter applications, receive credit decisions, and track the status of all of their transactions with TPC Direct, 24 hours a day and 7 days per week.

"We are very pleased to announce the release of our new Android App, “Richard Latour, President, and Chief Executive Officer said.

“This will give our vendors and brokers nationwide additional access and flexibility in working with TPC. These enhanced services will especially benefit those vendors and brokers who process during the weekend or when away from their office."

For more information about the Android App features or becoming a qualified vendor or broker with TPC, please contact our sales department @ 1-877-868-3800 ET or 1-877-938-5230 PT or visit our website @ www.timepayment.com.

About the Company
MicroFinancial Inc. (NASDAQ: MFI), is a financial intermediary specializing in microticket leasing and financing. MicroFinancial has been operating since 1986, and is headquartered in Burlington, Massachusetts.

### Press Release ############################

Mortgage Broker Fails to Report $1.4 MM Commissions

Shelly Tammy Kim, 43, of Northridge, California, pleaded guilty to one count of subscribing to a false federal income tax return for the 2003 calendar year. Kim entered her guilty plea before United States District Judge Gary Allen Fees.

According to her plea agreement, Kim owned and operated Best Funding Incorporated (BFI), CalState Lending Incorporated (CLI) and Pacifica Mortgage (PMI), companies that earned income by referring loans to various lenders from whom they received loan referral commissions. Kim was required to report her income from these companies on the individual tax returns she filed for the years 2003 through 2005.

Kim failed to report all of the income she received from BFI, CLI and PMI on her 2003 through 2005 tax returns. During this time period, Kim received payments by checks drawn on her business accounts that were disguised as business expenses. Kim failed to disclose her receipt and control of these payments to her tax return preparer.

In filing her income tax returns for the years 2003, 2004 and 2005 Kim failed to report approximately $469,000, $420,000 and $295,554, respectively, in income resulting in a tax loss of approximately $398,164.

As a result of today’s guilty plea, Kim faces a statutory maximum sentence of 3 years in federal prison and a fine of $250,000. Kim agrees to make full restitution for the losses caused by her activities, which is the amount of tax due and owing by the defendant.

Judge Fees ordered Kim to appear for sentencing on December 12, 2011.

The investigation of Kim was conducted by IRS - Criminal Investigation in Los Angeles in conjunction with the United States Attorney’s Office for the Central District of California.

#### Press Release #############################

A-Z Resources, LLC. becomes Fleet Financing Resources

A-Z Resources, LLC. is now doing business as Fleet Financing Resources, according to Dave Reynolds, president and chief operating officer. “The name change is due to the expansion of our business model,” said Reynolds, “which lead to the decision that our name should reflect a clear and concise message about the nature of our business.”

“The new name better conveys the broad spectrum of services available to our clients,” said Reynolds. “We started the business dedicating most of our resources to funding livery related vehicles (buses of all types, trolleys and limousines), with a limited emphasis on other types of units (vocational trucks, and ambulances). In recent years, we have broadened our focus to funding every, and any, type of transportation equipment available.”

Fleet Financing Resources, a boutique-style lender, specializes in commercial vehicle financing and leasing of new/used titled equipment. Resources offers tailor-created funding options for all types of transportation equipment, ranging from buses, tractor-trailers, taxis, limousines, and corporate fleets.

A-Z Resources, LLC. was established in 2002, and in its 9 years, has grown to become a recognized leader in the equipment financing marketplace. With a staff of 10, Resources currently has a portfolio receivable of $80 million. Transaction sizes have ranged from $20,000 to $4 million with the emphasis on “flow” business of $50,000 to $1 million.

Fleet Financing Resources, headquartered in Riverside, California, operates nationwide offering investment grade rates for the very well qualified clients and competitive programs for non-traditional credit types and start-ups.

To learn more about Fleet Financing Resources, please log on to www.ffresources.com

#### Press Release #############################

Scranton, Pennsylvania-- Adopt-a-Dog

"Chip"

“I am in need of a home for my 5 year old golden retriever/collie Chip. The mix of the two breeds really makes him a beautiful dog. I am moving. That's the only reason I'm finding him a home. He loves kids, dogs, and even cats. He is very calm, good on the leash, and really just is happy being in his dog house and lounging. He is brought in at night and crated, so he is used to that. Sometimes he comes in the house to visit, and is good as long as he goes on potty breaks. His mother was a full bred golden retriever and his dad was a full bred collie. He hates to get wet, and he has the best personality of any pet I've ever had. He is kind and very calm. He's a bit of a coward, submissive around other dogs, but he would not be ok outside in the yard without pen/leash/fence....He thinks it's ok to keep wandering, like when he lived on the farm. He has a kind face, just like his mother did. She was a red golden retriever. His fur is like his daddy’s. If someone could give him a loving home, please email me. A loving home only. Thank you.

Reply to: comm-tcvqs-2554573310@craigslist.org

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

Fernando's View
By Fernando F. Croce

Fright Night (Walt Disney Motion Pictures): For horror afficionados who wouldn't dream of going to the "Twilight" movies, this darkly humored, entertaining vampire chiller will surely come as a breath of fresh air. Unfolding in a quiet suburban area near Las Vegas, it kicks off as teenager Charley (Anton Yelchin) becomes suspicious of his new neighbor Jerry (Colin Farrell), a handsome bachelor who charms his mother (Toni Collette) and girlfriend (Imogen Poots). As Charley learns more about him, however, Jerry comes to reveal a dangerous, literally bloodthirsty side that puts everyone in danger. Can the youngster turn himself into a modern-day vampire hunter? Directed with 3-D panache by Craig Gillespie and played with a nifty sense of mischief, this remake of the 1985 horror favorite displays a gruesome charm of its own.

The Future (Roadside Attractions): A singular artistic voice, writer-director-actress Miranda July follows up on her 2005 independent hit "Me and You and Everyone We Know" with this equally unique meditation on identity, loneliness, and love. July stars as Sophie, a young dance teacher living together in Los Angeles with Jason (Hamish Linklater). Sensing that their lives are going nowhere, they decide to change things radically by adapting an ailing cat named Paw-Paw. Growing anxious while waiting for the adoption to start, however, the two set out to achieve dream projects, which naturally go awry. Can their bond survive such sudden changes in their emotional routine? Combining deadpan comedy, philosophical fantasies and performance art, July's movie offers a sometimes sweet, sometimes dark, always original vision about finding one's place in the universe.

Netflix Tip: With "Road to Nowhere" marking Monte Hellman's big-screen comeback feature, take the opportunity to rediscover the work of this unique director. Check out his great Westerns "Ride in the Whirlwind" (1965) and "The Shooting" (1968), his critically acclaimed road movie "Two-Lane Blacktop" (1971) and the atmospheric slice-of-life "Cockfighter" (1974), all of them available on Netflix.

On DVD:

Road to Nowhere (Monterey): After an almost twenty-year long absence, cult director Monte Hellman returns to the big screen with this tantalizing, enigmatic thriller. Set behind the scenes of a movie production, it weaves together a series of plot strands that evocatively mingle real world and the cinematic world, reality and fantasy. At its center is the slippery relationship that grows between the film's director Mitchell (Tygh Runyan) and his comely main actress Laurie (Shannyn Sossamon), who's playing the part of a fugitive criminal but, in a twist, may be the actual criminal herself. Characters from both the film's production and from the authorities step in and out of the narrative, and yet Hellman keeps things from getting confusing with a light touch that stresses the story's deadpan humor and melancholy poetry.

Poetry (Kino): After the devastating “Secret Sunshine,” Korean writer-director Lee Chang-dong offers another portrait of a woman’s psyche that’s quieter and more subtle yet every bit as emotionally affecting. Veteran actress Yun Jeong-hie delivers an astounding performance as Mija, a widow in her mid-sixties who works diligently as a maid and tries to hang on to her private space as cultural changes take place around her. To pass the time she enrolls in a writing class, and the fulfillment she gets from poems gives her life a newfound meaning. Complications arise, however, with the arrival of her grandson, who may be involved in a crime, and with her own health as the early stages of Alzheimer’s creep in. The result is a sometimes painful but ultimately powerful journey. With subtitles.

The Ward (Arc Entertainment): Tired of sloppy horror movies that can't even get its "boos!" out? Check out this tense and finely wrought scare-fest, which marks much-missed fright-master John Carpenter's return to the genre after a decade-long hiatus. Taking place in the 1960s, the story follows a troubled young woman named Kristen (Amber Heard), who finds herself in an all-girls mental asylum after setting her family's farm on fire. In between dealing with stern nurses and brutal orderlies, she gets to know the other patients, all who drop hints about a dark secret from the past. Could it have anything to do with the ghoul who keeps mysteriously popping in the ward? Filled with the kind of macabre elegance that's been Carpenter's specialty throughout his career, this is mean and lean sleeper worth seeking out.

 

 

News Briefs---

Hurricane Intensity Scale
http://stormcarib.com/guide.htm#defin

Quick Hurricane Web Resource Navigator
http://stormcarib.com/nav/index.htm

Hurricane Irene could wreak havoc on insurance premiums
http://www.usatoday.com/money/perfi/insurance/story/2011-08-25/Hurricane-Irene-could-wreak-havoc-on-insurance-premiums/50139716/1

Bank of America gives Buffett a $3 billion gift
http://www.chicagotribune.com/business/breaking/chi-bank-of-america-gives-buffett-a-3-billion-gift-20110825,0,7096723.story

Mortgage Rate Reach Record Low
http://www.bankrate.com/finance/mortgages/mortgage-rates-reach-record-low.aspx?ic_id=tsFS1

Leasing Life European Leasing Awards Finalists Announced
http://pymnts.com/vrl-leasing-life-awards-finalists-announced-20110825005563/

Google Plus: Selling like a Hot Cake!
http://newsgram.com/2011/07/google-plus-selling-like-a-hot-cake/

At funeral, dog mourns the death of Navy SEAL killed in Afghanistan
http://www.sandiegouniontribune.com/news/2011/aug/25/dog-guards-casket-fallen-navy-seal/

Six Great Steve Jobs Moments Caught on Camera
http://www.pcmag.com/article2/0,2817,2391836,00.asp

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You May Have Missed---

Amazing 3D Printer is a Duplicator

 

 

Sports Briefs----

Joe Montana: Be patient with 49ers' offensive revival http://www.mercurynews.com/49ers/ci_18741508?source=most_viewed

49ers' Hunter can't afford to rest
http://www.sacbee.com/2011/08/23/3856473/49ers-hunter-cant-afford-to-rest.html

The Huddle
http://content.usatoday.com/communities/thehuddle/index

 

 

 

California Nuts Briefs---

Lawmakers push new online sales tax bill to thwart Amazon
http://blogs.sacbee.com/capitolalertlatest/2011/08/lawmakers-push-new-online-sale.html

California National Guard removes general accused of double-dipping from active service
http://www.sacbee.com/2011/08/24/3858737/california-national-guard-removes.html

NetFlix Gets $5 Million tax incentive to move DVD Division to San Jose
http://www.mercurynews.com/politics-government/ci_18741795

Petaluma’s CamelBak Products sold for $257.5 million
http://www.pressdemocrat.com/article/20110825/BUSINESS/110829716/1350?Title=Petaluma-s-CamelBak-sold-for-257-5-million

'Reporters' editor' Gale Cook dies in San Rafael at 92
http://www.marinij.com/marinnews/ci_1874908

 

 

“Gimme that Wine”

Napa vintners wait ... and wait ... for harvest
http://napavalleyregister.com/lifestyles/food-and-cooking/wine/napa-vintners-wait-and-wait-for-harvest/article_5982528e-cece-11e0-b74a-001cc4c03286.html

Blessing of the Grapes planned in Napa, September 16 at the Rutherford Winery
http://napavalleyregister.com/star/business/blessing-of-the-grapes-planned/article_46cf8906-ceae-11e0-8704-001cc4c03286.html

New Cash for Wine Flash Site
http://www.winesandvines.com/template.cfm?section=news&conten

Ram's Gate Winery to Open in Sonoma
http://www.winesandvines.com/template.cfm?

 

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

     1791-John Fitch granted a patent for a steamboat after a dispute on the invention, but it wasn't until 1814 that Fulton and Livingston started
steam boating when they began to offer regular steamboat service between New Orleans , Louisiana and Natchez , Mississippi . The boats traveled at the rates of eight miles per hour downstream and three miles per hour upstream. It revolutionized commerce in the area, eventually spreading up the entire Mississippi and other tributaries.
http://memory.loc.gov/ammem/today/aug26.html
    1839 - The slave ship Amistad was captured off Long Island. The U.S.S. Washington, a U.S. Navy brig, seized the Amistad York, and escorted it to New London, Connecticut.
    1847 - Liberia was proclaimed an independent republic. Freed American slaves founded Liberia. They modeled their constitution after that of the US, copied the US flag, and named their capital Monrovia, after James Monroe, who financed early settlers. Over the decades 16,400 former slaves made the voyage. They assumed that the 16 native tribes were there to be exploited.
    1862 - The stage is set for the Second Battle of Bull Run on this day when Confederate cavalry under General Fitzhugh Lee enter Manassas Junction and capture the rail center. From August 26 until the beginning of Second Bull Run on August 29, Pope's men searched for Jackson, who had hidden his army in the trees along Bull Run. On August 29, Jackson surprised Pope and the battle was on. The rest of Lee's army showed up, and the result was a major victory for the Confederacy.
    1865 - Civil War ends with naval strength over 58,500 men and 600 ships.
    1867-The National Teachers Association was organized at a national convention attended by representatives of state teachers' association, who met in the Hall of the Controllers of the Public Schools in Philadelphia, PA. the organization was intended “ to elevate the character and advance the interest of the profession of teaching and to promote the cause of popular education in the United Sates. John L. Enos was chairman. At the conventional held in Cleveland , OH , on August 15, 1870, the name was change dot the National Education Association.
    1873-The birthday of DeForest Lee, a brilliant inventor, who's inventions include the electron tube, radio knife for surgery and the photoelectric cell and a pioneer in the creation of talking pictures and television. Born at Council Bluff, IA, DeForest was holder of hundreds of patents but perhaps best remembered by the moniker he gave himself in the title of his autobiography, “Father of Radio,” published in 1950. So unbelievable was the idea of wireless radio broadcasting that De Forest was accused of fraud and arrested for selling stock to underwrite his invention that late was to become an essential part of daily life. DeForest died at Hollywood , CA , June 30, 1961.
    1873-The first public school kindergarten class started this day by the Board of Education of St. Louis, MO, and officially opened September, 1873 in the Des Peres School, with an enrollment of 42. Susan Elizabeth Blow was the teacher. Dr. William Torrey Harris was the superintendent of schools. The
concept first started in Germany , thus the name of this organized and public “pre-school” class.
    1874--Birthday of Zona Gale was the first woman to have a play on Broadway and the first woman to win the Pulitzer (1921) for drama. An ardent feminist and activist. Her writing style evolved throughout her life and her later works appear to be the works of a different writer.
    1883-The biggest explosion in historic time, the eruption of the Indonesian volcanic island, Karakatoa(Krakatau) was heard 3,000 miles away, created tidal waves 120 feet high ( killing 36,000 people), hurled five cubic miles of earth fragments into the air ( some to a height of 50 miles ) and effected the oceans and the atmosphere for years.
    1901- The New Testament of the ASV (American Standard Version) Bible was first published. This U.S. edition of the 1881 English Revised Version (ERV) comprised the first major American Bible translation since the King James Version of 1611.
    1903-August 26, Singer Jimmy Rushing Birthday
http://www.harlem.org/people/rushing.html
http://www.blueflamecafe.com/index.html
http://www.bigbandmusic.com/malevocals/letterr/rushingjimmy.htm
    1904-Birthday of Christopher Ishherwood, who lived in the Pacific Palisades when I was growing up and we ran into him often in coffee shops with his close male companion. Isherwood was an author of short stories, plays and novels, born at High Lane Cheshire , England . The play and motion picture “I am a Camera” and the musical “Cabaret” were based on the short story, “Sally Bowles” in his collection from the 1930's titled “ Goodbye to Berlin,” which contained the line, “ I am a camera with its shutter open, quite passive, recording not thinking. “ Isherwood died at Santa Monica , CA , Jan 4, 1986.
    1904-Birthday of alto sax player Buster Smith, born Ellis County, Texas.
    1906-Birthday of American medical researcher Albert Bruce Sabin, born at Bialystok , Poland . He is most noted for his oral vaccine for polio, which replaced Jonas
Salk's injected vaccine because Sabin's provided lifetime protection. He was awarded the US National a Medal of Science in 1971. Sabin died March 3, 1993, at Washington , DC .
    1920-The 19 th amendment was certified and became part of the US Constitution. Known as the Woman's Equality Act, it prohibits discrimination on the basis of sex with regard to voting. It was a long time coming, actually submitted in 1868 to Congress and at intervals thereafter without much success. It actually passed the Congress on May 21, 1919, and by the Senate on June 4. It was ratified by Illinois , Wisconsin , and Michigan on June 10. Tennessee was the 36 th state to ratify, on August 18, thus completing the necessary three-quarters of the states to put the amendment into effect. (not all the states ratified this amendment, by the way, while there were states that allowed women to vote in state and local elections, but not national elections ).
    1924-Birthday of singer Frances Wayne, born Boston , MA .
    1937- Pumping to build Treasure Island in San Francisco Bay is finished. The
original intention was to become the city airport, but holding the city's third World Fair took precedence. http://www.dictyon.com/treasure/#anchor1256920
    1927--Birthday of 1827 Annie Turner Wittenmeyer who spent at least $130,000 of her own money and personally carried food and supplies to the front as well as to wounded soldiers in hospitals during the Civil War. She developed special diet kitchens for army hospitals because the food was so bad.
    1939-The first major league baseball game to be shown on television was a double-header played at Ebbets Field, Brooklyn New York City between the Cincinnati Reds and the Brooklyn Dodges. Both games were televised by station W2XBS, New York City , using two cameras that alternated , according to the play. During the intermission, there were appearances by Leo Durocher, manager of the Dodges, William McKenchie, manager of the Reds, and several players. Walter Lanier “Red” Barber was the announcer.
    1943-Birthday of Charles Isbell, Sr., author of This Day in Black History,
born, Chattanooga , Tennessee .
http://www.isbell.org/~isbell/home_Charles.html
    1943-William Dawson elected Black Democratic Party vice-presidential candidate.
    1946-Birthday of composer, singer and producer Valerie Simpson Ashford.
    1947 - Don Bankhead became the first black pitcher in major-league baseball this day. The Brooklyn Dodger hurler helped his own cause by slamming a home run in his first appearance at the plate.
    1948-Valerie Simpson Bronx , singer, Ashford's partner (Like a Rock)
1950--HANDRICH, MELVIN O. Medal of Honor Rank and organization: Master Sergeant, U.S. Army, Company C, 5th Infantry Regiment. Place and date: Near Sobuk San Mountain, Korea, 25 and 26 August 1950. Entered service at: Manawa, Wis. Born: 26 January 1919, Manawa, Wis. G.O. No.: 60, 2 August 1951. Citation: M/Sgt. Handrich, Company C, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. His company was engaged in repulsing an estimated 150 enemy who were threatening to overrun its position. Near midnight on 25 August, a hostile group over 100 strong attempted to infiltrate the company perimeter. M/Sgt. Handrich, despite the heavy enemy fire, voluntarily left the comparative safety of the defensive area and moved to a forward position where he could direct mortar and artillery fire upon the advancing enemy. He remained at this post for 8 hours directing fire against the enemy who often approached to within 50 feet of his position. Again, on the morning of 26 August, another strong hostile force made an attempt to overrun the company's position. With complete disregard for his safety, M/Sgt. Handrich rose to his feet and from this exposed position fired his rifle and directed mortar and artillery fire on the attackers. At the peak of this action he observed elements of his company preparing to withdraw. He perilously made his way across fire-swept terrain to the defense area where, by example and forceful leadership, he reorganized the men to continue the fight. During the action M/Sgt. Handrich was severely wounded. Refusing to take cover or be evacuated, he returned to his forward position and continued to direct the company's fire. Later a determined enemy attack overran M/Sgt. Handrich's position and he was mortally wounded. When the position was retaken, over 70 enemy dead were counted in the area he had so intrepidly defended. M/Sgt. Handrich's sustained personal bravery, consummate courage, and gallant self-sacrifice reflect untold glory upon himself and the heroic traditions of the military service.     1950--HANDRICH, MELVIN O. Medal of Honor Rank and organization: Master Sergeant, U.S. Army, Company C, 5th Infantry Regiment. Place and date: Near Sobuk San Mountain, Korea, 25 and 26 August 1950. Entered service at: Manawa, Wis. Born: 26 January 1919, Manawa, Wis. G.O. No.: 60, 2 August 1951. Citation: M/Sgt. Handrich, Company C, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. His company was engaged in repulsing an estimated 150 enemy who were threatening to overrun its position. Near midnight on 25 August, a hostile group over 100 strong attempted to infiltrate the company perimeter. M/Sgt. Handrich, despite the heavy enemy fire, voluntarily left the comparative safety of the defensive area and moved to a forward position where he could direct mortar and artillery fire upon the advancing enemy. He remained at this post for 8 hours directing fire against the enemy who often approached to within 50 feet of his position. Again, on the morning of 26 August, another strong hostile force made an attempt to overrun the company's position. With complete disregard for his safety, M/Sgt. Handrich rose to his feet and from this exposed position fired his rifle and directed mortar and artillery fire on the attackers. At the peak of this action he observed elements of his company preparing to withdraw. He perilously made his way across fire-swept terrain to the defense area where, by example and forceful leadership, he reorganized the men to continue the fight. During the action M/Sgt. Handrich was severely wounded. Refusing to take cover or be evacuated, he returned to his forward position and continued to direct the company's fire. Later a determined enemy attack overran M/Sgt. Handrich's position and he was mortally wounded. When the position was retaken, over 70 enemy dead were counted in the area he had so intrepidly defended. M/Sgt. Handrich's sustained personal bravery, consummate courage, and gallant self-sacrifice reflect untold glory upon himself and the heroic traditions of the military service.
    1957-The theme from the movie Tammy and the Bachelor, called simply "Tammy" by Debbie Reynolds sat at the top of both the Billboard record chart and Cashbox Magazine's best sellers list. Debbie was accompanied by only a piano on the single release, but the movie version included a full orchestra.
    1957 - The Ford Motor Company rolled out the first Edsel automobile. 110,847 of the cars were built before Ford pulled the plug due to lack of sales. The car was named Edsel for the company founder's son, Edsel Bryant Ford.
    1960-Birthday of musician Branford Marsalis, New Orleans , LA.
    1961 - The NHL Hockey Hall of Fame opened in Toronto , Canada .
    1964-Lyndon Baines Johnson was nominated at Democratic convention in Atlantic City , NJ , after assuming the presidency from the death of John F. Kennedy in 1968; Senator Hubert Humphrey of Minnesota was nominated for the vice-presidency. The Gulf of Tonkin Resolution , a joint resolution approving U>S. action in Southeast Asia , was passed by Congress less than twenty days earlier. In September, the Warren Commission would report the assassination of John F. Kennedy was by one lone person, Harvey Oswald, and that Jack Ruby, convicted murdered of Oswald, had had no prior contact with Oswald. In November, Johnson would gain 486 electoral votes over Sen. Barry M. Goldwater, 52, with a popular vote split of 43,126,506 to 27, 176,799. The Democrats would gain one senate seat for a 68-32 majority, and 37 House seats for a 296-140 majority. Johnson would think it was his “hawk” stand and being a “leader” that got him the position, not the television ads of the atomic bomb explosions that told this would happen if Goldwater were chosen. The death of JFK was still in everyone's mind, and Johnson being sworn in with Jackie Kennedy on the airplane was vivid.
    1966-13th Floor Elevator, Grace Slick and the Great Society, and Sopwith Camel at the San Francisco Fillmore Auditorium.
    1966--After seeing caricature of himself on the scoreboard an angry Leo Durocher calls the Astrodome's press box to have it remove. When nothing is done, the enraged Cubs manager rips the phone out of the dugout wall and tosses it onto the infield.
    1967--- The Beatles follow their favorite new lecturer, the Maharishi Mahesh Yogi, to University College in Bangor, North Wales, along with Mick Jagger and his girlfriend Marianne Faithfull. After his lecture the group holds a press conference to announce that they've become his disciples in the "Spiritual Regeneration Movement" and officially renounced the use of all drugs.
    1967-DAY, GEORGE E. Medal of Honor Rank and organization: Colonel (then Major), U.S. Air Force, Forward Air Controller Pilot of an F-100 aircraft. Place and date: North Vietnam, 26 August 1967. Entered service at: Sioux City, Iowa. Born: 24 February 1925, Sioux City, Iowa. Citation: On 26 August 1967, Col. Day was forced to eject from his aircraft over North Vietnam when it was hit by ground fire. His right arm was broken in 3 places, and his left knee was badly sprained. He was immediately captured by hostile forces and taken to a prison camp where he was interrogated and severely tortured. After causing the guards to relax their vigilance, Col. Day escaped into the jungle and began the trek toward South Vietnam. Despite injuries inflicted by fragments of a bomb or rocket, he continued southward surviving only on a few berries and uncooked frogs. He successfully evaded enemy patrols and reached the Ben Hai River, where he encountered U.S. artillery barrages. With the aid of a bamboo log float, Col. Day swam across the river and entered the demilitarized zone. Due to delirium, he lost his sense of direction and wandered aimlessly for several days. After several unsuccessful attempts to signal U.S. aircraft, he was ambushed and recaptured by the Viet Cong, sustaining gunshot wounds to his left hand and thigh. He was returned to the prison from which he had escaped and later was moved to Hanoi after giving his captors false information to questions put before him. Physically, Col. Day was totally debilitated and unable to perform even the simplest task for himself. Despite his many injuries, he continued to offer maximum resistance. His personal bravery in the face of deadly enemy pressure was significant in saving the lives of fellow aviators who were still flying against the enemy. Col. Day's conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty are in keeping with the highest traditions of the U.S. Air Force and reflect great credit upon himself and the U.S. Armed Forces.
    1967 -Jimi Hendrix's Purple Haze was released. Are You Experienced? (1968) The greatest psychedelic blues ever conceived. Classic Albums - The Jimi Hendrix Experience - Electric Ladyland DVD Great footage of Hendrix and The Experience. This DVD is a rare insight into one of the truest musical genius of the 20th century. Although it is now considered a Rock 'n' Roll classic, the single only reached #65 on the Billboard chart.
    1967--Bobbi Gentry's "Ode To Billie Joe" claimed the top spot on the Billboard Hot 100. The record would also become an international hit and later win three Grammy Awards. In 1976, the song was adapted into a motion picture which showed Billie Joe and his girlfriend throwing a rag doll off the Tallahatchie Bridge, although Bobbie Gentry has never revealed what she had in mind when she wrote the song. "Ode to Billie Joe" was originally intended as the B-side of Gentry's first single recording, a blues number called "Mississippi Delta", on Capitol Records. The original recording, with no other musicians backing Gentry's guitar, had eleven verses lasting seven minutes, telling more of Billie Joe's story. The executives realized that this song was a better option for a single, so they cut the length by almost half and re-recorded it with a string orchestra. The shorter version left more of the story to the listener's imagination, and made the single more suitable for radio airplay. http://www.oldielyrics.com/lyrics/bobbie_gentry/ode_to_billie_joe.htm
    1968- the first national political convention to propose African-Americans for the offices of president and vice-president took place at the Democratic convention in Chicago , IL . Rv. Channing Emery Phillips of Washington ,DC, received 67.5 of the 2,622 votes. Julian Bond of Atlanta , GA , was nominated on August 29, but declined, as he did not fulfill the necessary age requirement. Once considered the rising star on the political arena, he has all but disappeared from national view.
    1968-Jeannie C. Riley's "Harper Valley P.T.A." is certified Gold.
    1968-Democratic Party Convention in Chicago: Yippie activist Abbie Hoffman protested a decision to forcibly drive people out of the park. Tom Hayden was arrested in the afternoon for a certain squad car incident. Hoffman and Jerry Rubin allegedly urged demonstrators to hold Lincoln Park. Rennie Davis urged demonstrators "Don't let the pigs take the hill (high ground near a statue in the park)". About 3,000 demonstrators gathered chanting, singing songs, and talking and were attacked by police with clubs and tear gas after the 11 pm curfew.Meanwhile Mayor Richard Daley opened the Democratic National Convention.
    1968-- The Beatles releases "Hey Jude" b/w "Revolution"
    1969--Although Elvis Presley has written a soprano part for backup singer Cissy Houston during "Are You Lonesome Tonight?" her actual live performance of it tonight at the International Hotel in Vegas strikes Elvis as amazingly funny for some reason, leading to a collector's classic: a performance where the King cannot stop laughing. "That's it, man, fourteen years right down the drain," he jokes as the song ends.
    1970--In San Francisco, the Isle of Wight Pop Festival was underway; Jimi Hendrix made his last public appearance. Other Isle of Wight artists included The Who, John Sebastian, Donovan, Ten Years After, The Doors, Moody Blues, Kris Kristofferson, Miles Davis, Leonard Cohen, Tiny Tim, Emerson, Lake and Palmer, Joan Baez and Jethro Tull.
    1970 - Jimi Hendrix opened his recording studio in New York City . Because of its state-of-the-art 36-track recording capability, it attracted many top rock groups.
    1970-- After an all-night jam, the Allman Brothers' Duane Allman asks Eric Clapton if he can attend the recording sessions for his new group, Derek and the Dominoes. Clapton agrees, only on the condition that Allman also play on the sessions.
    1972--- Looking Glass' "Brandy (You're A Fine Girl)" hits #1
    1978- Italian Cardinal Albino Luciani, 65, was elevated to the papacy as John Paul I. His unexpected death only 34 days later left a profound sadness for millions of people who had been drawn to him by his warm personality.
    1978-Nearly sixteen years after he topped the US record charts with "Sherry", Frankie Valli had the number one song again, with the title track from the musical Grease. It went on to sell over 2 million in the States and was also a #3 hit in the UK.
    1987 - The Fuller Brush Company announced plans to open two retail stores in Dallas , TX . This was a first for the company that had sold its products door to door for 81 years.
    1987-Sonny Bono, who once said that he never voted until age 53, announced that he was running for mayor of Palm Springs, California. Sonny said he was frustrated over the red tape he faced for a remodeling project at his Italian restaurant. He would win the election in 1988 and serve until 1992. He failed in a Senate race later that year, but won a seat in Congress in 1996. Bono died in a skiing accident on January 6th, 1998, at the age of 62.
    1988 - A dozen cities in Texas, Colorado and California reported record high temperatures for the date, including readings of 100 degrees at Pueblo CO, 106 degrees at Wichita Falls TX, and 109 degrees at Redding CA. Afternoon thunderstorms in Utah deluged the town of Beaver with more than an inch of rain in twenty minutes.
    1992 - A no-fly zone was imposed on southern Iraq . Operation Southern Watch was orchestrated by the United States , France and Britain . The campaign supported U.N. Security Council resolutions containing Iraq , protecting Kuwait , and keeping pressure on Saddam Hussein's Iraqi regime
    1996 --With ten year, $20 million deal, Pro Player, the sports apparel division of Fruit of the Loom, becomes the first sports marketing and products company to have its name used as the moniker for a stadium. The renaming Joe Robbie Stadium, the home of the Florida Marlins, to Pro Player Stadium sparks controversy as many Miamians believe the name of the benefactor, whose name will be removed, should still be included due his generosity and efforts to fund the original project.
    2002 -The first video streaming coverage of a major league baseball game takes place on the internet. Approximately 30,000 fans visit MLB.com to see the Yankees defeat the Rangers, 10-3.
    2002- Derek Jeter becomes only the third player to score at least 100 runs in his first seven major league seasons. The Yankees' shortstop joins Hall of Fame outfielders Ted Williams (Red Sox, 1939-49) and Earle Combs (Yankees, 1925-32) as the only big leaguers to accomplish the feat.
    2003-Rolling Stone Magazine named Jimi Hendrix as the greatest guitarist in Rock history. Eric Clapton, Jimmy Page, Keith Richards, Chuck Berry, Stevie Ray Vaughan and Ry Cooder also made the top 10.