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

kitmenkin@leasingnews.org
   



Monday, August 26, 2013




Today's Equipment Leasing Headlines

Matrix Business Capital, Long Beach, California
 New Complaint
-- $3,435.60 Bulletin Board
  NAELB/CLP Foundation/Leasing News/John Does 1-20
   Bryan Kastleman/Hill Country Hillside, LTD.
    Named in Lawsuit by Brian Acosta, CLP
     -Founder Blue Star Capital Inc., Ability/Matrix/
       Classified Ads---Collections
Leasing 102 by Mr. Terry Winders, CLP
 How Are You Doing?
  “How to Keep Confidential from Employer
    You are Looking Elsewhere?”
      Career Crossroad---By Emily Fitzpatrick/RII
ELFA MFLI-25 Charts July, 2013
 Arizona and Tennessee Bank Close
  Bank Beat
   Top Stories August 19-August 23
    (You May Have Missed One)
     Leasing Books
      Books on Equipment Leasing by Source
       Top Burger Chains in US
        QSRmagazine.com
         Classified ads—Asset Management
      Labrador Retriever/Mixed
       Austin, Texas Adopt-a-Dog
        Old Cowboy On His Horse
News Briefs---
Yosemite Fire Has California On High Alert
 Durable-Goods Report Should Prove Sturdy
  New Report Shows Industry Confidence Up

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
         SuDoku
           Daily Puzzle
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               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.


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[headlines]
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Matrix Business Capital, Long Beach, California
New Complaint -- $3,435.60 Bulletin Board


David LaDuke, CEO, Sputnik, Inc., a wireless service company, Sausalito, California, contacted Leasing News as well as the CLP Foundation, National Equipment Leasing Association and National Association of Lease Brokers regarding a complaint against Matrix Business Capital


http://www.sputnik.com/company/

"In summary: we signed an agreement with Brian Acosta, CLP, of Matrix Business Capital, Long Beach, California, for an equipment lease with certain terms, and paid a deposit of $3,435.60.

"After it became clear that we were not going to close the deal on those terms, and Brian offered cancellation with a full refund, in writing, we followed the cancellation procedure.

"45 days later (after numerous emails to Matrix) we were told that we would not receive a refund.

"I have provided the most relevant documents that support our complaint but have a copy of all correspondence, emails, voicemail transcripts, etc. should those be needed." (1)

Matrix appears to have received a tentative approval, pending certain requests that Sputnik was unable to return to meet the deadline of needing the lease for new servers and installation as arranged.

He was told and then received the option by telephone and then email from Rodney Rambo " We can unwind and I have attached the instructions to request to cancel. We will issue a refund of your deposit if you chose to do this." (2)

June 26, 2013 he elected to follow the procedure of asking for a refund. (3)

After numerous telephone calls and attempts to contact Matrix, he received an email basically stating "Based on the contract, your transaction is not legally entitled to a refund."

He then went on line and via Google found this Leasing News story (4), then contacted the two leasing associations, the CLP Foundation, and Leasing News. On August 18, 2013 Brian Acosta, CLP, left a message threatening breach of contract, defamation of character law suit that is “going to cost a lot of money.” (5).

Sputnik was then sent an email to contact Matrix Business Capital legal, and David LaDuke responded that he wanted a full refund.

Leasing News also contacted Mr. Acosta regarding the complaint.

It appears Brian Acosta, CLP, contacted Rosanne Wilson, President of the CLP Foundation, who is also a member of the Leasing News Advisory Board (as well as past director of NAELB and current membership chairman). Mr. Acosta reportedly received a stern chat reportedly about how many of his fellow CLP's felt--- and to clear the current complaint up, she advised he should pay David LaDuke the deposit in full.

Acosta sent the money back ACH to Sputnik, who reports receiving it in full.

(1) Letter to Associations, CLP Foundation
www.leasingnews.org/PDF/CLPLetter8262013.pdf

(2) Option to Receive Refund
http://www.leasingnews.org/PDF/option_to_receive8262013.pdf

(3) Matrix Refund Procedure
http://www.leasingnews.org/PDF/MatrixRefundProcedure8262013.pdf

(4) Leasing News Story
http://leasingnews.org/archives/Aug2013/8_14.htm#ability

(5) Voicemail of Brian Acosta

 

 

 

Bookmark Leasing News

 

[headlines]
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NAELB/CLP Foundation/Leasing News/John Does 1-20
Bryan Kastleman/Hill Country Hillside, LTD.
Named in Lawsuit by Brian Acosta, CLP
-Founder Blue Star Capital Inc., Ability/Matrix/


While the above Sputnik Bulletin Board Complaint was "settled," it is the policy of Leasing News, as noted on the web site and in other complaints: "Should a new complaint be posted, previous complaints that have not been posted, or removed as the matter has been satisfied, may be re-instated as per policy regarding the postings."
http://www.leasingnews.org/bulletin_board.htm

Leasing News withdrew the complaint regarding Bryan Kastleman when it was discovered one of the addenda referred to the first addendum matched a lease approval that was not exercised, a stipulation that if an approval was met and the applicant did not exercise it, the deposit was forfeited. The dollar amount of the addendum was different from the original, as well as it was an “Equipment Finance Agreement”—not a lease, so Mr. Kastleman's believed that all the addendums needed to be signed to match the original addendum ((Brian Acosta, CLP, had suggested splitting the original requests in multi-leases that did not require a financial statement and he “had an excellent credit rating.”)(1)).

Leasing News did not see any wording that made the addendum dependent on all of the addenda being approved and therefore Leasing News rejected the complaint. The question of the four months’ time period, lack of regulation "B" letters regarding the alleged turn down of seven funders, or background and previous complaints of Ability were not considered in the withdrawal. Nor was the behavior of the individual or code of ethics, which would be perhaps under the various associations and foundation (2)

What brings the complaint back is the lawsuit of Ability Capital Solutions to Bryan Kastleman as an individual as well as his company and John Does 1-20. It was received August 23, 2013, with the name of two lease associations, the CLP Foundation, and Leasing News.

The complaint procedure of the National Association of Equipment Leasing Brokers in their complaint procedure will not consider a complaint when an attorney gets involved. This may be one of the reasons for the summons, which may include all the associations named, CLP Foundation, as well as Leasing News and other parties involved, although the John Does are not specifically named in the complaint.

The Summons by Mark M. Scott, Esq., Buchalter Nemer, Irvine, California is a request for "compensatory and punitive damages, exceeds $25,000" plus $10,000 for other alleged offenses as well as attorney fees and court costs; with venue in Los Angeles County regarding the claims for return of deposit, as well as in the "Fourth Cause of Action:"

"...that Hill, Kastleman and DOES 1 through 20 contacted one or more third parties specifically for the purpose of attempting to harm Ability's reputation and business relationship within the financing industry and among financing customers in order to extract the return of more of the Deposit than that to which Hill was entitled. Among other things, Kastleman, acting individually and on behalf of Hill, submitted unfounded and inaccurate complaints, claims and other postings to various industry associations, trade publications and others within the financing industry. These defamatory statements were made to, among others, Leasing News, the National Association of Equipment Lease Brokers, the Equipment Lease Finance Association and the National Equipment Finance Association. Page 7. (3)"

"28. Ability is informed and believes and thereon alleges that the acts of Hill, Kastleman and DOES 1 through 20 are malicious, willful and oppressive in that they are intended to cause injury to Ability or were done with a conscious disregard of Ability's rights. Accordingly, Ability is entitled to an award of punitive damages according to proof at trial." Page 9 (3)

  1. Split to “app only” Edited eMail (financial opinion & information not included):
    http://www.leasingnews.org/PDF/Abilityemail8262013.pdf

  2. Code of Ethics:
    CLP Standards of Professional Conduct
    http://www.clpfoundation.org/requirements/standards.php

    NAELB Best Practices Broker Code of Ethics
    http://leasingnews.org/PDF/NAELBBestPracticesBroker_72013.pdf

    NEFA Standards of Profession Practice, page 10
    http://www.nefassociation.org.pdf

    ELFA Principles
    http://www.elfaonline.org/About/?fa=pfbp
  1. Buchalter Nemer Summons
    http://www.leasingnews.org/PDF/BucalterSummons8262013.pdf



Bookmark us


[headlines]

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Classified Ads---Collections



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


Long Grove, Illinois

Financial services professional with a proven track record of positively impacting corporate finances through effective management of cash flow, collections and financial assets. Strategic thinker capable of analyzing financial issues and processes in order to implement changes that improve efficiency and profit margins. Well-versed in all aspects of corporate financial affairs. roborgaard@aol.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

 



[headlines]
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Leasing 102
by Mr. Terry Winders, CLP



How Are You Doing?

This has been a good year for a lot of lessors and packagers because the economy is looking up and the pent up demand for equipment is beginning to show promise. However--- September is the month when you take a look at your successes… and failures… to fine tune your company plan. This applies not only to large operations, but also to small independents.

A broad based leasing effort works great in good times, but I can personally testify from my experience working with clients and my own active time in the business, it is the leasing company that controls a few markets that survives through the slow times. Now is the time to qualify your market and consolidate your effort to get your arms around a few markets. It takes a lot of effort to secure a strong market. If you fail to spend the required time to get control of a market then you are allowing competition to take business away from you.

The better you understand the equipment in each market, the smarter your proposals will be--- and by understanding the different uses for the equipment, your residuals will be fine-tuned, thereby giving you an advantage in that market. Your documentation will also be better as you qualify the rent based on the use and have additional rent for overuse.

A complete knowledge of the equipment’s use and future value will help you to be more competitive as well as t0 help you to become the most favored form of finance. Going to their trade shows and offering training in leasing and finance will support the vendor’s view of your ability to support their sales effort. Many vendors are afraid that leasing companies only care about getting the lease and are not interested or care which equipment is chosen. Once you gain the confidence of the vendor, a steady source of business will follow.

I know that any business seems to be good business but survival depends on years of business through good times and poor times. You must use the good times to reorganize your markets and get deeper into a few markets instead of being a generalist.

Take a good look at the business you were successful with and define what markets you want to emphasis and spend the rest of the year making as many inroads as possible. Don’t wait until after Christmas, put your thinking cap on and start planning in September for 2014.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at terrywinders11@yahoo.com or 502-649-0448.

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm


Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.

502.649.0448/terrywinders11@yahoo.com

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


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Leasing Industry Help Wanted

Los Angeles, California
Documentation and Funding Coordinator

Minimum 2 years of experience in preparation
of loan or lease documents in equipment finance,
leasing, commercial banking or mortgage lending.
Join our team in providing a streamlined funding process.
Contact: Shervin S. Rashti, CLP
Direct: 213-599-7660

www.maximcc.com
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions

 

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.  


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How to Keep Confidential from Employer
You are Looking Elsewhere?”
Career Crossroad---By Emily Fitzpatrick/RII


Question: Emily, I am conducing a job search while I am still employed. I want to make sure I do not raise red flags – any advice?

Answer: Most “smart” candidates conduct job searches while still employed. If you suspect a layoff, you must start looking ASAP OR get CAUGHT in the flood when your colleagues (sometimes 100s of others) hit the market at the same time!

Additionally, keep your ears and eyes open if company changes might affect your compensation, geography, etc… are imminent.

Personally, I think you should let your employer know you are not satisfied where you are, as they may offer you something to make sure you are “happy.” If that is not possible where you work, then:

  • Make sure you use your home rather than your work office to conduct your search – request recruiters contact you before / after work hours / lunch hours or weekends

  • Even better, take some unused vacation to take a few days to reach out to your recruiter, have them work your resume and provide advice

  • Designated a line for employers / recruiters to reach you (e.g. cell phone)

  • Dedicate some time (e.g. 30 min upon getting home) every day towards your job search and stick to this schedule

  • The best way you can stretch your job search hours is to utilize a recruiter, make sure you stay loyal to your recruiter and do not “back door” them; they can wind up being your BEST ally in the job market!

Make Sure You …

  • Keep your intentions to yourself – do not share with anyone in the industry that you are searching for a new career opportunity

  • Keep your office items at the office – don’t start packing your belongings

  • Keep everything the same - e.g. keep the same hours, do not show a loss of interest in your current job, taking a lot of time off, etc…

  • Are strategic in planning chunks of time to interview - some employers will meet after hours and/or over the weekend


Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html


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ELFA MFLI-25 Charts July, 2013


(Chart: Leasing News)


Charts for July, 2013 from the Equipment Leasing and Finance AssociationMFLI-25:

New Bussine Volume:


click to make larger

Aging of Receivables:

click to make larger

Average Losses (Charge-offs) as a % of net receivables
(Year Over Year Comparison)


click image to make larger


Credit Approval Ratios As % of all Decisions Submitted
(Year Over Year Comparison)


click image to make larger

Total Number of Employees
(Year Over Year Comparison)


click image to make larger 


Participants in the ELFA MLFI-25:

•ADP Credit
•BancorpSouth Equipment Finance
•Bank of America
•Bank of the West
•BB&T Bank
•BMO Harris Equipment Finance
•Canon Financial Services
•Caterpillar Financial Services
•CIT
•De Lage Landen Financial Services
•Dell Financial Services
•Direct Capital Corporation
•EverBank Commercial Finance
•Fifth Third Equipment Finance
•First American Equipment Finance, a City National Bank Company
•GreatAmerica Financial Services
•Hitachi Credit America
•HP Financial Services
•Huntington Equipment Finance
•John Deere Financial
•Key Equipment Finance
•LEAF Commercial Capital Inc.
•M&T Bank
•Marlin Leasing
•Merchants Capital
•PNC Equipment Finance
•RBS Asset Finance
•SG Equipment Finance
•Siemens Financial Services
•Stearns Bank
•Suntrust
•Susquehanna Commercial Finance
•US Bancorp Equipment Finance
•Verizon Capital
•Volvo Financial Services
•Wells Fargo Equipment Finance

 


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Arizona and Tennessee Bank Close
Bank Beat


The 15 branches of Community South Bank, Parsons, Tennessee, are closing and CB&S Bank, Inc. Russellville, Alabama, is assuming all of the deposits.


Founded August 31, 1968 as Citizens State Bank , in 2000 the bank was merged with two other local banks: Bank of Adamsville and Lewis County Bank, changing its name to Community South Bank. As of March 31, 2013, the bank had 123 full time employees at their two offices each in Hohenwalk, Knoxville, Parsons, Savannah, and single offices in Adamsville, Counce, Lexington, and Scotts Hill. In 2007, the bank had 295 full time employees.

June 30, 2013: Tier 1 risk based capital ratio 0.0067

18 March 2011 FDIC issues prompt action directive.

Perhaps the areas has a small population, over banked, and hit hard by the recession.

"In Parsons, about 49% of adults are married. A relatively large number of people in Parsons live by themselves…

"Approximately 12% of Parsons is non-white. Parsons boasts a diverse population for Tennessee, with several racial groups well-represented among the population.

"There is an unusually large share of women in Parsons. The city benefits from the stability of its large group of senior citizens.

About 62% of housing units in Parsons are owner-occupied. Many residents rent one-bedroom or studio apartments. Typical rents in Parsons are affordable, at least compared to other cities in the state...
http://www.citytowninfo.com/places/tennessee/parsons

Single-family new house construction building permits:
1997: 1 building, cost: $100,000
1998: 3 buildings, average cost: $128,300
1999: 1 building, cost: $39,700
2000: 2 buildings, average cost: $69,000
2001: 7 buildings, average cost: $52,100
2002: 5 buildings, average cost: $56,500
2003: 5 buildings, average cost: $56,500
2004: 8 buildings, average cost: $55,600
2005: 2 buildings, average cost: $69,000
2006: 3 buildings, average cost: $60,600
2007: 2 buildings, average cost: $106,400
2008: 2 buildings, average cost: $60,000
2009: 0 buildings
2010: 0 buildings
2011: 0 buildings
2012: 0 buildings
http://www.city-data.com/city/Parsons-Tennessee.html


(in millions, unless otherwise)

Net Equity
2006 $37.1
2007 $45.2
2008 $46.9
2009 $50.4
2010 $21.3
2011 $18.3
2012 $11.0
6/30 $5.1

Profit
2006 $9.5
2007 $6.7
2008 $4.4
2009 -$774,000
2010 -$35.6
2011 -$2.8
2012 -$7.3
6/30 -$5.9

Non-Current Loans
2006 $6.1
2007 $17.5
2008 $23.5
2009 $45.8
2010 $80.1
2011 $71.3
2012 $51.5
3/31 $57.8

Charge Offs
2006 $263,000 ( $144,000 1-4 family ,$75,000 commercial/ind., $32,000nonfarm/nonres.)
2007 $1.1 ($738,000 nonfarm/nonres.,$125,000 commercial, $120,000 1-4 family, $84,000 individuals, $26,000 other)
2008 $3.6 ($2.1 nonfarm/nonres.,$896,000 1-4 family, $281,000 commercial, $272,000 construction/land, $44,00 individuals
2009 $5.1 ( $4.7 nonfarm/nonres., $131,000 commercial/ind. $269,000 1-4 family, $12,000 individuals, -$55,000 other loans
2010 $5.7 ( $4.8 nonfarm/nonres.,$568,000 construction/land,$293,000 1-4 family, $50,000 commercial/industrial, $27,000 individuals)
2011 $11.3 ($4.6 commercial/industrial, $3.8 nonfarm/nonres., $1.6 construction, land,$1.2 1-4 family, $43,000 individuals)
2012 $12.0 ($5.6 commercial/industrial, $4.9 nonfarm/nonres.,$775,000 1-4family, $633,000 construction land, -$2,000 automobiles)
6/30 $4.5 ( $4.1 nonfarm/nonres.,$264,000 1-4 family $117,000 constr./land, $9,000 individuals

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of June 30, 2013, Community South Bank had approximately $386.9 million in total assets and $377.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, CB&S Bank, Inc. agreed to purchase approximately $121.7 million of the failed bank’s assets. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $72.5 million.
http://www.fdic.gov/news/news/press/2013/pr13072.html

 


The six branches of Sunrise Bank of Arizona, Phoenix, were closed with First Fidelity Bank, National Association, Oklahoma City, Oklahoma, to assume all the deposits. Founded May 20, 1998 as Camelback Community Bank, the bank had 69 full time employees. December 14, 2009 as Sunrise Bank of Arizona acquired offices in Mesa, Glendale, Phoenix, and Scottsdale and had 113 full time employees are year end. The Nogales office was acquired January 24, 2011.

June 30, 2013: Tier 1 risk-based capital ratio 0.0304

As reported in previous Bank Beat reports, this is one of Capitol Bancorp. problem banks. Since May 10, 2013, four other banks owned by Capitol Bancorp have collapsed – Pisgah Community Bank, Sunrise Bank (Georgia), Central Arizona Bank, and 1st Commerce Bank. In 2012, Capital Bancorp had 11 affiliated banks in Arizona.

The funny numbers starting in 2009 below reflect the merger of Mesa Bank and Arrowhead Community Bank, two of Capital Bancorp’s banks, under the Sunrise Bank of Arizona.

(in millions, unless otherwise)

Net Equity
2006 $8.6
2007 $9.1
2008 $9.1
2009 $20.9
2010 $2.6
2011 $6.4
2012 $4.7
6/30 $4.8

Profit
2006 $1.1
2007 $992,000
2008 $780,000
2009 -$48.4
2010 -$41.6
2011 -$14.4
2012 -$3.5
6/30 -$287,000

Non-Current Loans
2006 $46,000
2007 $450,000
2008 $2.0
2009 $32.5
2010 $29.9
2011 $24.0
2012 $17.1
3/31 $24.0

Charge Offs
2006 -$11,000 ( -$11,000 commercial/industrial)
2007 -$32,000 ( -$32,000 commercial/industrial)
2008 $69,000 ( $87,000 construction/land, $-18,000 commercial/industrial)
2009 $22.2 ($7.1 const./land/$2.8 commercial/ind.,$2.4 nonfarm/nonres,$2.1 multifamily, $545,000 farmland, $117,000 individuals)
2010 $16.6 ($6.9 nonfarm/nonres,$4.0 1-4 family, $1.3 commercial/independent.,$785,000 multifamily, $602,000 farmland, $151,000 individual)
2011 $15.1 ( $5.7 const./land, $4.5 nonfarm/nonres, $3.4 1-4 family, $1.1 commercial/ind., $220,000 individual. -$19,000 farmland)
2012 $6.4 ($2.9 nonfarm/nonres.,$1.5 1-4 family, $1.2 construction/land,$639,000, commercial, $33,000 individual, -$1,000 automobile).
6/30 $1.4 ($717,000 nonfarm/nonres.,$462,000 commercial/industrial, $126,000 1-4 family, $96,000 individuals)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of June 30, 2013, Sunrise Bank of Arizona had approximately $202.2 million in total assets and $196.9 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Fidelity Bank, National Association agreed to purchase essentially all of the assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $17.0 million.

http://www.fdic.gov/news/news/press/2013/pr13073.html

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

 

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

 

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Top Stories August 19-August 23
(You May Have Missed One)


Here are the top stories opened by readers:

(1) Broker-Lessor Jeff MacDonald Passes Away
http://leasingnews.org/archives/Aug2013/8_19.htm#macdonald

(2) Archives---August 21, 2008
Paul Menzel, CLP, says “Goodbye”
http://leasingnews.org/archives/Aug2013/8_21.htm#archives

(3) Leasing Brokers: When May You Collect a Commission?
By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Aug2013/8_23.htm#commission

(4) Depping and Team hit $1 Billion Credit Applications
Two Year Remarkable Growth Announced
http://leasingnews.org/archives/Aug2013/8_23.htm#depping

(5) Is Long Term Leasing Dead? by Paul Weiss
http://leasingnews.org/archives/Aug2013/8_21.htm#dead

(6) Leasing 102 By Mr. Terry Winders, CLP
Short Term Leasing
http://leasingnews.org/archives/Aug2013/8_19.htm#short

(7) TimePayment Online Credit Decisions Can
Now Be Rendered in Less Than Five Seconds!
http://leasingnews.org/archives/Aug2013/8_23.htm#time

(8) New Hires—Promotions
http://leasingnews.org/archives/Aug2013/8_23.htm#hires

(9) Sales Makes it Happen by Steve Chriest
"Don’t Shoot the Dog"
http://leasingnews.org/archives/Aug2013/8_21.htm#sales

(10) Clearlease Financial Group Selling Web site
http://leasingnews.org/archives/Aug2013/8_19.htm#clearlease

 


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Books on Equipment Leasing by Source:
 
Master Index

             
              Books 
              Direct Purchase
              Certified Leasing Professional (CLP) Foundation 
              Fiction

Working Capital Loans $10,000-$250,000

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Top Burger Chains in US
QSRmagazine.com


10,000 U.S. consumers were surveyed by Empathica, a global provider of Customer Experience Management (CEM) solutions to multi-unit enterprises.

American burger-brand guests were asked to rate their recent visit to a burger chain on a number of factors, and a “percent delighted” score was calculated by averaging ratings of overall satisfaction, likelihood of revisiting, value for money paid, and likelihood of recommending.

The Benchmark then ranked America’s top quick-service burger brands from highest percent delighted to lowest, with the ranks as follows:

In-N-Out Burger: 66 percent
Five Guys: 57 percent
Whataburger: 49 percent
Culver’s: 48 percent
Steak ‘n Shake: 46 percent
Krystal: 43 percent
Sonic Drive-In: 43 percent
Dairy Queen: 40 percent
Jack in the Box: 36 percent
White Castle: 36 percent
Carl’s Jr.: 35 percent
Hardee’s: 34 percent
Wendy’s: 34 percent
McDonald’s: 32 percent
Checkers: 30 percent
Burger King: 29 percent

Findings show that the top three burger brands by sales—McDonald’s, Burger King, and Wendy’s—are ranked at or near the bottom of guest satisfaction in almost all categories including food, staff, menu, and atmosphere.

In-N-Out Secret Menu Items
http://www.ranker.com/list/in-n-out-secret-menu-items/secret-menu-items?utm_campaign=outbrain&utm_medium=paid&utm_source=outbrain


 

 

[headlines]
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Classified ads—Asset Management

Leasing Industry Outsourcing
(Providing Services and Products)


Asset Management: Atlanta, GA
premier provide accounts receivable management functions from 3rd Party contingency collections to Portfolio Purchasing. Contact George Elliott, National Account Manager. 678-694-9063,
www.westassetmanagement.com 

Asset Management: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services. 
Call Chris @ 508-785-1277. Email:
chris@dovermanagementgroup.com
 

Asset Management: Minneapolis, MN
NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology.
Email: jcahill@netsentricinc.com 

Asset Management: Monroe, NC
Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries.  
Carolinamachinerysales.com/

Melinda Meier (704)288-1904 x103
Asset Management: Nationwide 
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.
http://www.i-collateral.com
Email: mark@i-collateral.com

Nationwide 
Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728  dcastagna@nasset.com   

Asset Management: NorthWest Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact rossr@sequentam.com

  Asset Management: Orange City, FL
We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc. 
Eric R. Sanders 
Tel  386-789-9441 
www.ValuedAssetSales.com 
www.The-RandolphCapital.com 
EQPMNTLEASING@aol.com
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network.
Email to GCochran@OhioLift.com
Asset Management
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna 516-229-1968
ecastagna@inplaceauction.com
Asset Management:
South East US- AllState Asset Management 
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services. 
Call Brian @ 704-671-2376.
email
Asset Management: Global
Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing. 
www.testequipmentconnection.com
email
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email:Jamie@bulldogasset.com 
www.bulldogasset.com

Asset Management: Portsmouth, NH
Unique approach improves results, keeps costs down. Repossession, Storage, Inspection, Legal, Appraisal, Transport, Remarketing. Free advice and resources.Call 855.EENGINE
lendersolutions.equipmentengine

 

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm


John Kenny Receivables Management

• End of Lease Negotiations & Enforcement

• Fraud Investigations
• Credit Investigations • Asset Searches 
• Skip-tracing • Third-party Commercial Collections

john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

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

[headlines]
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Labrador Retriever/Mixed
Austin, Texas Adopt-a-Dog

Portia
Age: Baby
Sex: Female
Size: Large
Shelter: Austin Pets Alive!
Location: Austin, TX 78703

Declawed: No
Special Needs: No
Spayed: No
Up-to-date on vaccinations: Yes

"I was taken off of the euthanasia list, so if you adopt me, you are saving not only me but also the dog tomorrow who could use my spot! If you have questions, please email adopt@austinpetsalive.org."

Austin Pets Alive!
156 West Cesar Chavez
Austin, TX 78703 US
Adopt@austinpetsalive.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/

 

[headlines]
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Old Cowboy On His Horse
Followed by his faithful dog


An old cowboy was riding his trusty horse followed by his faithful dog along an unfamiliar road. The cowboy was enjoying the new scenery, when he suddenly remembered dying, and realized the dog beside him had been dead for years, as had his horse. Confused, he wondered what was happening, and where the trail was leading them.

After a while, they came to a high, white stone wall that looked like fine marble. At the top of a long hill, it was broken by a tall arch topped by a golden letter "H" that glowed in the sunlight.

Standing before it, he saw a magnificent gate in the arch that looked like mother-of-pearl, and the street that led to the gate looked like gold.

He rode toward the gate, and as he got closer, he saw a man at a desk to one side. Parched and tired out by his journey, he called out, 'Excuse me, where are we?'

'This is Heaven, sir,' the man answered.

'Wow! Would you happen to have some water?' the man asked.

'Of course, sir. Come right in, and I'll have some ice water brought right up.'

As the gate began to open, the cowboy asked, 'Can I bring my partners, too?'

'I'm sorry, sir, but we don't accept pets"

The cowboy thought for a moment, then turned back to the road and continued riding, his dog trotting by his side.

After another long ride, at the top of another hill, he came to a dirt road leading through a ranch gate that looked as if it had never been closed. As he approached the gate, he saw a man inside, leaning against a tree and reading a book.

'Excuse me,' he called to the man. 'Do you have any water?'

'Sure, there's a pump right over there. Help yourself.'

'How about my friends here?' the traveler gestured to the dog and his horse.

'Of course! They look thirsty, too,' said the man.

The trio went through the gate, and sure enough, there was an old-fashioned hand pump with buckets beside it. The traveler filled a cup and the buckets with wonderfully cool water and took a long drink, as did his horse and dog.

When they were full, he walked back to the man who was still standing by the tree. 'What do you call this place?' the traveler asked.

'This is Heaven,' he answered.

'That's confusing,' the traveler said. 'The man down the road said that was Heaven, too.'

'Oh, you mean the place with the glitzy, gold street and fake pearly gates? That's hell.'

'Doesn't it make you angry when they use your name like that?'

'Not at all. Actually, we're happy they screen out the folks who would leave their best friends behind.'

[headlines]
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Los Angeles, California
Documentation and Funding Coordinator

Minimum 2 years of experience in preparation
of loan or lease documents in equipment finance,
leasing, commercial banking or mortgage lending.
Join our team in providing a streamlined funding process.
Contact: Shervin S. Rashti, CLP
Direct: 213-599-7660

www.maximcc.com
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions

 


News Briefs----

California on high alert
http://www.nytimes.com/2013/08/26/us/a-blazing-giant-stirs-california-to-high-alert.html

..."highest priortiy in nation"
http://www.usatoday.com/story/news/nation/2013/08/25/yosemite-fire-san-francisco/2696681/

Massive Rim fire 'came boiling out ... so hot it created its own weather'
http://www.latimes.com/local/la-me-yosemite-fire-20130826,0,1563528.story

Durable Goods Report Should Prove Sturdy
http://online.wsj.com/article/SB1000142.html

New Report Shows Industry Confidence Up
http://www.constructionequipmentguide.com/Equipment-Lease-Finance-Industry-Confidence-Up-in-July/20912/



[headlines]

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--You May Have Missed It

Film on Salinger Claims More Books Are Coming
http://www.nytimes.com/2013/08/25/business/media/film-on-j-d-salinger-claims-more-books-coming.html


[headlines]

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

SparkPeople--Live Healthier and Longer



13 Yoga Poses for Runners
A Runner's Guide to Yoga
http://www.sparkpeople.com/resource/fitness_articles.asp?id=1578


[headlines]
--------------------------------------------------------------

Baseball Poem

WAITING FOR GODOT'S FIRST PITCH

Above,
The husky blue sky
Is a blank face of canvas—
Not even a jet tail
To trace a whisper
Against the silence
Below,
The strain of anthem
Segued to cheer
And throaty organ notes,
Then,
That jungle hush
As the fat blackbird of ump
Notes the glove fit
Of his plump form
Against the stocky catcher's squat
As this world waits
On the long ice of the moment,
In the lanky pitcher's
Nervous hand,
The first pitch imagines
A blinding path toward the plate.

Written by Tim Peeler,
“Waiting for Godot's First Pitch”
More Poems from Baseball

Published by McFarland & Company


[headlines]

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Sports Briefs----


College Football Most's Dominant Player? It's ESPN
www.nytimes.com/2013/08/25/sports/ncaafootball/college-footballs-most-dominant-player-its-espn.html

Bears waive 14 players
http://www.chicagotribune.com/sports/football/bears/chi-chicago-bears-waive-14-players-20130825,0,5404821.story

The significance of the Cowboys' revival performance against Bengals
http://www.dallasnews.com/sports/dallas-cowboys/headlines/20130824-the-significance-of-the-cowboys-revival-performance-against-bengals.ece

No surprise: 49ers in trade talks for QB Colt McCoy
http://blogs.sacbee.com/49ers/archives/2013/08/no-surprise-49ers-looking-to-trade-qb-mccoy.html



[headlines]
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California Nuts Briefs---

Top SF Bay Executive Pay--Larry Ellison #1
http://www.mercurynews.com/portlet/article/html/imageDisplay

Bay Bridge: Weld inspection and repairs ongoing in tower base
http://www.contracostatimes.com/news/ci_23931836/bay-bridge-weld-inspection-and-repairs-ongoing-tower

 

[headlines]
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“Gimme that Wine”

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

Harvest report: Harvest begins for some early varietals
http://napavalleyregister.com/star/business/harvest-report-harvest-begins-for-some-early-varietals/article_b32c0a0a-0a86-11e3-ab3d-0019bb2963f4.html

Vintage Wine Estates buys Calistoga winery
http://www.pressdemocrat.com/article/20130821/business/130829933

A Medal Harvest for the Top Winery
http://www.nytimes.com/2013/08/25/nyregion/a-medal-harvest-for-the-top-winery.html?src=rechp

Napa Wine Association Letter to ICANN Makes It Clear They Should Have Applied For .Napa/.Wine Instead Of Just Whining
http://www.thedomains.com/2013/08/22/napa-wine-association-letter-to-icann-makes-it-clear-they-should-have-applied-for-napa-wine-instead-of-just-whining/

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


[headlines]
----------------------------------------------------------------

This Day in History

     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.
    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. 
    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.

 

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