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

Los Angeles, CA

Credit Analyst
 Review and Approve Applications/Vendors

Documentation/Funding Staff
 Leasing/Banking experience a plus

Experience preferred. Salary, Commission
Bonuses and Benefits.

For more description of duties, please click on position
At Pacific Capital Companies our mission is to provide the American business sector with fast, innovative, financing solutions
to grow their companies and exceed their goals.

Wednesday, February 13, 2013

Today's Equipment Leasing Headlines

Stan Nathanson Passes Away
 Classified Ads---Sales
  Why Bank of West Leasing Indirect Has Left
   the National Association of Equipment Leasing Brokers
    by Christopher Menkin
     Funders Looking for New Broker Business (updated)
      Classified Ads---Help Wanted
CNG Leasing, LLC joins “Broker/Lessor---List A”
 MLPI Announces Plan to Sell Part of its Seasoned
  Equipment Lease Portfolio
   Update ---New Credit Reporting Agency Inspection Requirements
     for Brokers/Funders/Lessors Working Out of their House
Letters?! We get eMail
  CLP Spotlight--Scott Wheeler, CLP
   Placard—eMail Junkie
    ---The Global 30---
     A look at the top brands, markets,
      and trends in international growth
Leasing Execs Explore Industry Innovation
 At The Alta Group’s Senior Executive Summit
  Direct Capital Completes $160M Term Debt Securitization
   Fleet Financing Resources Renews & Increases
    Vendor Program Agreement with Wells Fargo Equipment Finance
     More Loan Applications Approved
      Driven by Residential Construction and C&I
       By Tahir Ali and Salman Aleem Khan and Andrew Wolcott
  Shepherd (Unknown Type)/Australian Cattle Dog Mix
   San Ramon, Adopt-a-Dog
    Leasing Conferences—Update Information
News Briefs---
Barclays Posts Loss of $1.3 Billion and Plans to Cut 3,700 Jobs
 NetSol posts robust results in 1HFY13
  NetSol Technologies' CEO Discusses Q2 2013
   US Micro enters agreement with Macquarie Equipment Finance
    (as reported by Leasing News, January 11, 2012)
     Comcast Buys Rest of GE Sells Stake in NBCUniversal
      Companies can't get rid of cash fast enough
       The 2013 Westminster Kennel Club Dog Show

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

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
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Stan Nathanson Passes Away

Stan Nathanson, 85, (perhaps Danville, California) passed away.

(A younger Stan with his late wife, who I beleive died from cancer)

In the 1970's, Stan Nathanson sold his hardware stores located in the Chicago, Illinois area to Lowes, moved to the San Francisco East Bay and started a full recourse leasing company, leveraging his profits from the sale. He was active in the Western Association of Equipment Lessors, then purchased RS Leasing from Duane Russell (now retired) and Jim Swander, now in Phnom Penh, Cambodia "where I have now written the first car loans and car and equipment leases that are not secured by real estate."


WAEL Newsline, 1991

Stan changed his business to primarily a non-recourse lessor working with brokers in the later started to wind down RSN Leasing & Financial Services to Columbia Equipment Finance, which he incorporated in 1985. In 1990, he joined the National Association of Equipment Leasing Brokers. He started winding down the company in early 2000, working primarily out of his townhouse in Danville on the golf course of the Crow Canyon Country Club with his cat, who he loved and spoke on the telephone about all the time (I believe lived quite a long time). He also had an apartment at the Enclave in Palm Desert. He loved to play golf. I had spoken to Stan a few weeks ago as he thought I could help him with a computer problem (a virus he downloaded). His health was failing, I could tell over the telephone.

From March 8, 2002 Leasing News Archives, an email from Stan:

"Much to my surprise I saw the name of Cy (Cyril) Touff in your birthday section. Cy was a friend of mine at Senn high school in Chicago. Both of us played in the band. I also hung around with Lee (Leo) Konitz, alto sax, and Bill Russo, trombone and arranger. At one time in the same year, Cy, Lee, and Bill were all voted the top jazz musicians of the year on their instrument in the Playboy Awards.

"Cy played the French horn and was a little wild in school. I lost track of him until I saw his name today. Lee moved to Europe where he thought people understood his music more than the American crowd. Bill Russo at an early age joined the Stan Kenton band as a trombone player, and later became his #1 arranger. I played the clarinet and occupied the last chair in the band. Whatever happened to me??!!"

Stan Nathanson

(February 4 we saluted jazz bass trumpet player Cy Touff birthday. In every e-mail of Leasing News, there is the day in American History and we salute a jazz musician’s birthday. We also give url sites to learn more about the musician. Lee Konitz was one of my favorite alto sax players, with Stan Kenton, as was trombonist, arrangement composer, who I took private arranging lessons in New York City the summer of 1958. This is definitely a small world. editor ))

Stan would drive over from the East Bay to have lunch in Santa Clara and spend talking about what he was doing, how the leasing industry was changing, looking for a younger partner.

He certainly will be missed.

(Stan with perhaps his granddaughters.)

Chicago Tribune Obituary

Stanley Nathanson, beloved husband of the late Shirley née Goide. Loving father of Philip (Kim) Nathanson, Wendy Weisman and Andrea Nathanson. Devoted Grandfather of Meredith Nathanson, Stephanie Nathanson, Scott (Laurie) Weisman and Ashley (Kenny) Lebovic. Chapel service, Tuesday 12:15 PM at Shalom Memorial Funeral Home, 1700 W. Rand Road, Arlington Heights. Private entombment. Memorials may be made to NOCC (National Ovarian Cancer Coalition) 2501 Oak Lawn Avenue, Suite 435 Dallas, TX 75219, 888-682-7426, For info: (847) 255-3520,

Kit Menkin, editor



Classified Ads---Sales

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

Central Valley, California
6 years sales, management, marketing, business development, budget planning, finance. Proven track record challenging and competitive situations. Expert: healthcare, banking, and entrepreneurship. dsp559@outlook.comResume
Garfield, NJ
15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker.
Tony Lio
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133

Orange County, CA 
25+ yrs. leasing sales/sales mgmt.
Have an established office w/Lessee/Vendor following
Request direct funding source to exclusively partner with.

San Francisco Bay Area:
15 year Vendor Program Agreement HUNTER. Currently employed at major IT manufacturer captive supporting direct and channel sales. Must have base, commission and benefit package.

15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.
MBA, CLP, 20 yrs. experience, highly energy. Ethics, high volume producer Work from remote sales location, for national, independent Lessor/broker
Commission only preferred. E-mail:

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



Why Bank of West Leasing Indirect Has Left
the National Association of Equipment Leasing Brokers
by Christopher Menkin

A Bank of the West spokesman told Leasing News, "“Bank of the West remains committed to the equipment finance industry and its trade organizations. We are, for example, a Corporate Benefactor of the Equipment Leasing and Finance Foundation, and we recently increased our support for the National Equipment Finance Association (NEFA) to a platinum membership. We also provided support to the Certified Leasing Professional (CLP) Foundation for its upcoming Handbook."

"I wanted to point out that the statement ‘Bank of the West Leasing Indirect reportedly kept only a handful of large volume brokers’ is factually incorrect. We don't disclose our number of relationships in our business lines, but I assure you the statement ‘a handful’ is far from accurate and I'd ask you to correct or remove that reference."

“We routinely review the amount of business each lease broker does with us to ensure there is a good fit between our bank and the brokers with whom we do business. We recently completed a semi-annual review and notified those lease brokers that did not meet our minimum volume threshold that we would be ending our relationship with them."

The number one question, after perhaps 20 years on being a member, again was asked, "Looking for a statement or comment regarding Bank of the West Indirect Leasing not renewing its membership with the National Association of Equipment Brokers.”

The Bank of West spokesman responded that “Jerry Newell, CLP, Executive Vice President, Equipment Finance Division heads the department and as long as he remains head of the department, he is the Bank's spokesperson for equipment finance. In my conversations with him today, he reiterated that John Evan's appointment as head of EFD starting March 1 represents continuity. Bank of the West will continue to support the broker segment of the industry.

“The following on-the-record comment is from Jerry: ‘We have been a member for many years of NAELB and it is a valuable organization for a segment of the industry. We have been less active with NAELB in the past two years as its focus is primarily on brokers that generally do not meet the volume threshold to do business with us.’"



Funders Looking for New Broker Business (updated)

To qualify for this list, the company must be a funder (as qualified by Leasing News and on the “Funder List” an acceptable Better Business Bureau Rating and no history of complaints at Leasing News, as well as notifying lessees in advance when the lease will end and what the residual will be, specifically not automating extra lease payments, or insisting their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications

There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list. These companies are actively looking for brokers to do business with.

We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged.

Alphabetical list - click on company name to view more details

1st Enterprise Bank Leasing
Advantage Funding
Agility Solutions
Allegiant Partners Incorporated
Allegheny Valley Bank Leasing 
American Leasefund, Inc.
Bankers Capital 
Barrett Capital Corporation
Black Rock Capital
Blackstone Capital Partners, L.P.
Blue Bridge Financial, LLC
Boston Financial & Equity Corp.

BSB Leasing, Inc.
Calfund, LLC
Chesapeake Industrial Leasing Co., Inc.
Cobra Capital LLC
Commerce National Bank Leasing 
Dakota Financial 
Data Sales Co., Inc.
Exchange Bank Leasing (formerly Dumac Leasing)
FirstLease, Inc.
First Federal Leasing
Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Lease Corporation of America
Manufacturer's Lease Plans, Inc

Mar Vista Financial
Maxim Commercial Credit, LLC
National Equipment Finance
National Machine Tool Financial Corporation
NFS Leasing, Inc
Northwest Leasing Company, Inc
P&L Capital Corporation
Pawnee Leasing Corporation
RLC Funding
Standard Professional Services, LLC
Summit Leasing, Inc.
TEAM Funding Solutions
Vision Financial Group, Inc.

Full List:



Leasing Industry Help Wanted  

Los Angeles, CA

Credit Analyst
 Review and Approve Applications/Vendors

Documentation/Funding Staff
 Leasing/Banking experience a plus

Experience preferred. Salary, Commission
Bonuses and Benefits.

For more description of duties, please click on position
At Pacific Capital Companies our mission is to provide the American business sector with fast, innovative, financing solutions
to grow their companies and exceed their goals.



Seeking career minded business development
officer- leasing experience helpful
Grow with us as we expand our
business lending & leasing
Call Exec. VP Salvatore Venuto 515-576-9000 x1704
or email:

Since 1969, Macrolease has been operating
as a full service national equipment leasing company,
a subsidiary of Bank Rhode Island


For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.


Joins “Broker/Lessor---List A”

CNG Leasing, LLC
Reno, NV
Don Hargreaves
Toll Free 855-290-1350
Alternative Fuel Vehicles
& Fueling Station Specialist
$20,000 to $5MM 
Avg. $35,000 to $100,000

A - City Business License | B- State License | C - Certified Leasing Professional | D - State(s) sales/use tax license | E - Named as "lessor" on 50% or more of lease contract signed. |

Full ““Broker/Lessor---List A” list:




MLPI Announces Plan to Sell Part of its Seasoned
Equipment Lease Portfolio

"Manufacturers’ Lease Plans, Inc. (MLPi) announces that it will soon be accepting bids on a portion of its OTR truck lease portfolio and that it is inviting pre-bid inquiries at this time.

Roger Marce, MLPI President

According to MLPi President Roger Marce, “MLPi periodically sells portfolio segments to mitigate equipment and/or customer concentration issues.”

Manufacturers’ Lease Plans, Inc., is the pioneer of short-term and intermediate-term, B-to-B leases. Through its Vendor Programs, MLPi provides manufacturers and other vendors with flexible operating lease programs, as well as finance lease and TRAC lease products. MLPi was founded in 1963, in Pennsylvania.

The business moved to Phoenix in 1971, where it has been headquartered since. Its website can be found at:

For more information, please contact Forrest Christianson at 602-944-4411, ext. 33 (
--Roger Marce"




Update ---
New Credit Reporting Agency Inspection Requirements
for Brokers/Funders/Lessors Working Out of their House

There is an up-date to the article regarding consumer credit reports compliance in moving to a new location as well as Physical Inspections will be conducted on a yearly basis on Residential Businesses. Physical Inspections will be conducted on Commercial business, only when change of address is requested by the customer.”

A California funder, in business many years, moved his office into his home and had an inspection, but failed because he was using a cell phone. When he moved to his residence, he got rid of the landline. He said it was not just the lower cost, but he took vacations and brokers/vendors/customers could reach him almost anywhere and with the internet, he also could conduct business anywhere. He also approved deals, and even could fund them while on vacation, so the cell phone was very important to him.

It appears cell phones and VOIP are not listed in a telephone book, one of the requirements, to have a listed phone.

It was suggested to register his business profile with an online business profile service such as They have a FREE Business profile listing that may be very helpful to small companies that are awaiting the set up a primary business phone number. It may, at times, be needed for verification purposes as well.

He sent this email on Tuesday: "I just got approved with Credo. 10 days after submitted. Actually a very smooth process if you follow their suggestions. Thank you for your suggestion of Credco."

New Credit Reporting Agency Inspection Requirements
for Brokers/Funders/Lessors Working Out of their House





Letters?! We get eMail

(Mostly in Chronological Order)

“Hope you are well. I was reading LN today and thought I would touch base…The magazine we are doing is taking off so well, I retired from recruiting in December and I am managing the magazine full time.

“We are now getting 800 a page for ads! Use Dunn and Dunn to sell them. I started this to support what my wife is doing in publishing and it took off! Our audience is growing but the focus is on reading and reading groups…

“It is digital and FREE


Fred St. Laurent
Tel 678-455-5700 Direct
Tel 404-545-5237 Cell


Radiance Capital Bulletin Board Complaint

“I just wanted to let you know that our issues with Mike Price of Radiance Capital has been resolved!! I found an attorney in Washington who took care of this matter and did it within about six weeks. We did make final payment and received the lien release and it is a done deal

“I am so impressed with this firm that I have asked them if I could refer them to other people who have had issues with Radiance Capital. They stated that was fine so if you know anyone who needs an attorney to settle that this was not a lease agreement but a financing agreement, please let me know. I will be happy to share their name and number.

“Thank you and Bernie Boettingheimer for all you tried to do to help in this matter. It was a long battle, but one that is over.

Dee Neal, LA Trucking LLC

(Attorney settles the complaint)

“Tyler Shillito was the attorney who handled the case. I was very impressed with both of them.”

Kelly DeLaat-Maher and C. Tyler Shillito
Smith Alling, P.S.
1102 Broadway, Suite 403

“Good luck to the people you know who need assistance. Hopefully Mike Price has met his match!”


Current Regulations and Advice

“Referencing today's Leasing News article, "Current Regulations and Advice", you listed the regs. in alphabetical order by state down through South Carolina. Are there no others after that? Thank you.”

Charles Freeland, CFO/Secretary/Treasurer
TFMS, Inc.
Direct Phone: 210-485-4909
Web Site:

(From Barry S. Marks, Esq.)

“South Dakota and Vermont have lender licenses but none of the states alphabetically following SC had a loan broker statute the last time we checked.”

Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203


The House that Jerry Built


I want to thank you for the nice article about me that you published last Friday. I appreciate the good press! I hope you will add my personal email to the Leasing News distribution so I can continue to read it after I retire: ********

“Best to you, Jerry”

Jerry Newell
Executive Vice President
Equipment Finance Division


‘Ever since about August .......Leasing News has arrived in my e-mail on a sporadic basis. Did fall off in the onion patch? I really miss the Leasing News. You provide a wealth of factual information and news about our industry.....even else could we keep up with everyone.....Keep up the excellent Leasing News !!!!

Cheers from Charlie Bancroft
800 414 1308

(I don't know what to say...If bounced, I am notified, but if blocked...I will re-ad you back and would like to include your comments in Letters--we get email to see if anyone else is experiencing the same of intermediate receipt of the email edition. Editor).


“Great info

“Good layout

“Variety of info”

Allan Levine,
Chief Operating Officer


Bernard G. Palitz, long time lessor, passes away

“My first job in the equipment finance industry was with Credit Alliance in the mid-70's when Cal and Bernard Palitz still owned the company. The company was a major force in those days particularly in the area of construction equipment financing and flooring for construction equipment dealers. The article in Friday's issue brought back memories.”

Greg Steffes


Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry.

He is the 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.


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


CLP Spotlight

Scott Wheeler
Wheeler Business Consulting

I have spent my entire career in the equipment finance/leasing industry. Initially in the 1980’s I was an account manager for several large institutional firms selling mid-ticket solutions to end-users in the Baltimore/Washington, D.C., area. From 1989 to 2008, I led several leasing operations and held executive positions with publicly held bank leasing companies and privately held independent lessors. My experience includes leading executive teams, credit departments, sales departments and industry task forces. In 2008 I founded Wheeler Business Consulting LLC and currently consult with lessors, banks, investors and originators.

I thoroughly enjoy writing. Since the fall of 2009, I have written a weekly “Sales Tip for Financing/Leasing Originators.” The free tips are sent out each Monday morning to several thousand industry professionals. The tips are usually inspired by recent conversations with clients or acquaintances in the industry. The tips are meant to quickly address current challenges or give suggestions that might be helpful to other originators. I receive feedback every week and the comments often lead to new tips to share. The sharing process has been a delightful exercise and keeps me in touch with many great professionals every week.

There are so many new opportunities every day that time management becomes essential to maximizing outcomes.

One of the greatest blessings (and curses) in the equipment finance/leasing industry is that there are no limitations to what we can achieve – there is always an additional call to make or project to explore.

Principal Information:

Contact Information:
Wheeler Business Consulting LLC 1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410-877-0428
Fax: 410-877-8161

Why I Became a CLP


Seeking career minded business development
officer- leasing experience helpful
Grow with us as we expand our
business lending & leasing
Call Exec. VP Salvatore Venuto 515-576-9000 x1704
or email:

Since 1969, Macrolease has been operating
as a full service national equipment leasing company,
a subsidiary of Bank Rhode Island





---The Global 30---
A look at the top brands, markets,
and trends in international growth

Islamabad, Pakistan

The foreign market for franchises has grown tremendously with leasing and other financing to US companies, foreign companies, as well as the franchisors themselves. While the local market has grown, such as with McDonald's and Subway, which have more than 14,000 and 25,000 units in the US alone, the global industry has grown tremendously, changing menus to fit specific companies.

According to QSR magazine, "When the credit kind of crunched in the United States and franchisees weren’t able to get bank loans like they were years ago, brands were really saying to themselves, ‘We’re forced now to go international because we can’t sell franchises here,’” says Karen Spencer, partner at franchise consultant Fran-Systems.

“’Capitalism is spreading around the world, and a close cousin to capitalism is consumerism,’ says Bob Wright, president and COO of Charley’s Grilled Subs. ’There’s a growing middle class, growing disposable income, and a growing desire for Western brands and some of the Western culture that we take for granted here.’

QRS Magazine notes, "With more than 850 Dunkin’ Donuts and Baskin-Robbins locations in the Middle East—largely concentrated in Saudi Arabia, the United Arab Emirates, Lebanon, and Qatar—the region is one of Dunkin’ Brands’ largest international markets. Domino’s, meanwhile, recently opened its 200th store in the Middle East with its local master franchisee, Alamar Foods... Jeremy Vitaro, vice president of international development for Dunkin’ Brand, says Asia is the largest international region for its brands, with a major focus on nations including South Korea, Japan, Thailand, and Indonesia. Domino’s Allison says his brand is growing strongly in Malaysia, Japan, and India.

"While the rest of the world is struggling economically, many Asian economies are booming, giving Asian consumers more buying power than ever.

“'When the economies are booming, [Asian consumers] have to work harder. And when they have to work harder, they just have less time,' says Wan Kim, global CEO of Smoothie King, a beverage brand with more than 130 stores in Korea and a growing presence in other Asian nations. This gives quick-service brands an opportunity to play an important role in consumers’ lives, Kim says, by offering fast, convenient service.

"To exercise caution when testing the waters in China, Vitaro says Dunkin’ isn’t rushing development. The company has almost 60 Dunkin’ Donuts units in the country, in addition to the more than 90 Baskin-Robbins locations, and is 'focused on disciplined growth by finding the right partners for the right cities,' he says."

Don't forget to bookmark us! (CTRL-D)




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

Leasing Execs Explore Industry Innovation
At The Alta Group’s Senior Executive Summit

RENO, NEV. —In a senior executive Summit held last month by The Alta Group, a global consulting firm devoted to the business of equipment finance and leasing, the subject of innovation was deeply explored from many perspectives and with insight from industry pioneers and heads of major multinational companies.

Some business areas described as ripe for innovation include asset management and operations. With today’s equipment monitoring and tracking tools, lessors can develop more targeted strategies for building business because more precise data leads to better channels for success and provides strategic knowledge about impacting variables or potential risks.

John Dean, CEO
The Alta Group

“Such knowledgeable and strategic decisions will then support new market approaches and also help their customers improve their bottom lines,” said Alta CEO John Deane 2011(Leasing News Person of the Year).

A survey of summit attendees indicated they have a strong desire to improve operational effectiveness and better harness intelligence from data. The attendees also noted that they value the opportunity to speak candidly among themselves without vendors.

Crit DeMent
LEAF Commercial Capital

This was Alta’s fourth annual event of this type, and Crit DeMent, chairman and CEO of LEAF Commercial Capital, Philadelphia, Pa., who attended all four said, “You can spend more time with your peers and the subjects are relevant.” He said he appreciated the topic of innovation because “you don’t usually think of finance companies as being innovative.”

The 25 attendees—senior-level equipment leasing and finance executives--rated their own industry at the grade level of “C” when asked to compare their industry on innovation today versus where they thought it should and could be.

“We rated ourselves as “C” because many finance companies don’t want to be viewed as innovators; it could be construed as being risk takers, said DeMent. “We gained a different perspective at this summit--that there are ways we can improve how we operate without assuming more risk.”

Scott Thacker
President, Ivory Consulting

Guest speaker, Scott Thacker, president of Ivory Consulting Corporation, Walnut Creek, Calif., provided a well-received “innovation tournament” creating dynamic interaction that resulted in discussion about clear distinctions between operational and technical changes. Some of these changes were reported to be underway in companies where they are already harnessing new technology and new business models to prepare for more sustainable growth

Thomas C. Wajnert
Senior Managing Director

Bruce Kropschot
Senior Managing Director,
Mergers and acquisitions

Industry pioneers who are leading consultants with Alta, such as Tom Wajnert and Bruce Kropschot, discussed the historic roots of innovation in the equipment leasing industry as well as the impact of the current economic and regulatory environment.

Jonathan L. Fales
Senior Managing Director

Facilitators addressed how innovation could transform their businesses and the industry as a whole. Jonathan L. Fales, a senior managing director with Alta, pointed out that growth can only be sustainable with innovation.

Paul Bent
Senior Managing Director
Legal Support Services

Paul Bent, a senior managing director and head of Alta’s Legal Support Services Practice, suggested the idea of auditing as an internal way to evaluate or validate innovative change being considered or underway. Even faced with more regulation, he said, finance companies can still innovate.

While the annual event is by invitation and its discussions exclusive to attendees—all senior executives-- The Alta Group welcomes inquiries via John C. Deane who can share some of the consultancy’s background information that formed the basis for the event theme on innovation.

Michael Fleming
Senior Managing Director

Alta’s Michael J. Fleming, a senior managing director and one of the event moderators, has written recently on this subject. His article will soon be published in the Newsline magazine of the National Equipment Finance Association and a version is currently posted on the digital site of World Leasing News.

About The Alta Group
Since 1992, The Alta Group has represented equipment leasing and finance companies, financial institutions, manufacturers and service providers, offering management consulting and expertise in global market entry, vendor and captive finance, professional development, legal support services, asset management and mergers and acquisitions. The practices in North America are described at



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

PORTSMOUTH, N.H. - Direct Capital Corporation, a leading provider of equipment leasing, business loans, and working capital, announced today that it has completed a $163 million term securitization of equipment lease backed notes. This financing will be used to support the company's rapid new business growth and to reduce the amount of borrowings outstanding under the company's various credit facilities.

Dawn Druyor Gillette
SVP, Chief Financial Officer

"This transaction strengthens our balance sheet and our ability to deploy capital to the critically underserved small business population," said Direct Capital's Chief Financial Officer Dawn Druyor Gillette. "It's a true confirmation of Direct Capital's track record as a leading business lender."

The transaction was a private offering made to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The company issued five classes of notes, which were rated 'AA' to 'BB' by Standard and Poor's. DBRS rated the senior notes 'AAA'. Direct Capital Funding IV, LLC, a special-purpose entity wholly owned by Direct Capital, served as issuer. Guggenheim Securities acted as the initial purchaser of the notes.

Mrs. Gillette and Direct Capital thanked their partner, Guggenheim Securities, for their contributions to this successful transaction.

About Direct Capital
Established in 1993, Direct Capital provides financing for small- to mid-ticket equipment, franchise remodels and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at or subscribe to its PointBlank blog at

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


John Kenny Receivables Management

• 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 |

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



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

Fleet Financing Resources Renews & Increases
Vendor Program Agreement with Wells Fargo Equipment Finance

Riverside, CA – Fleet Financing Resources, LLC. (FFR), announces they have renewed their vendor program financing agreement with Wells Fargo Equipment Finance Inc. (WFEFI). Initiated in 2003, the total funded volume has exceeded $140 million; the renewal also includes a $4 million increase in the total discretionary guidance amount.

“We have extended the maturity of our credit facility with WFEFI thru November of 2013 and increased the credit line from $68 million to $72 million. Of the $72 million credit line, q$32 million is provided via an Ultimate Net Loss Pool facility” reported Dave Reynolds, President and Chief Executive Officer of Fleet Financing Resources. “Over the years, Fleet Financing Resources has secured numerous vendor programs from top tier lenders and WFEFI continues to be a premier partner as a result of their outstanding performance and overall excellence.”

Fleet Financing Resources offers financing and leasing of new and used titled transportation equipment, specializing in buses and trucks. Founded in 2002, Fleet Financing Resources has been successful in providing finance solutions to over 2,600 businesses nationwide. FFR offers a broad funding menu of products and services tailored to each client’s specific needs.



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

More Loan Applications Approved
Driven by Residential Construction and C&I
By Tahir Ali and Salman Aleem Khan and Andrew Wolcott
SNL Financial

Community banks grew their loan books in the fourth quarter, led by gains in residential construction and commercial lending. Banks under $10 billion in assets made gains from the previous quarter in every region of the country except the Southeast, with the biggest advances in the Mid-Atlantic and in New England, according to an SNL Financial analysis.

Overall, the median loan growth in the fourth quarter was 0.78%, despite weakness in home equity and consumer lending. During the fourth quarter, the "brightest" lending cross section came from New England residential construction, registering a 6.65% median increase. The "gloomiest" came in the form of West agricultural lending, logging a 7.49% median decrease quarter over quarter.

Geographical loan growth is based on company headquarters.

Many of the quarter-over-quarter lending trends hold true for year-over-year comparisons as well. New England lending continued to enjoy outsized gains, as Southeast lending abated. Commercial lending continued to build while home equity and consumer lending subsided.

When viewing the community bank lending picture from an asset size perspective, a few unique trends emerge. Larger community banks have been more successful in growing loan balances. Commercial banks with total assets between $1 billion and $10 billion saw a 1.52% median increase in lending during the fourth quarter, while banks with less than $100 million in total assets saw a .29% median increase. The same trend when viewed on a year-over-year basis becomes even more pronounced. Commercial banks with total assets between $1 billion and $10 billion saw a 5.81% median increase in lending over the past year, while banks with less than $100 million in total assets saw a .79% median increase. When digging into the lending gap, one particular loan product jumps off the page. Commercial loan balances at larger community banks have seen outsized gains in comparison to the balances at smaller peers, registering a 3.21% median increase during the fourth quarter and a 7.06% median increase over the past year.

Comparing lending trends at the 10 largest U.S. commercial banks to community banks with total assets under $10 billion reveals interesting comparisons. Median loan balances at community banks have increased 0.78% quarter over quarter, while seven of the 10 largest U.S. commercial banks have grown loans above 1.00%. Specifically, the two largest commercial banks, JPMorgan Chase Bank NA and Bank of America NA, both registered 2.50%-plus quarter-over-quarter changes in loan balances. Over the past quarter and year, the 10 largest U.S. commercial banks saw broad gains in commercial and consumer lending. Despite overall strong loan growth, there was significant weakness in residential construction lending. While this was a strength of community banks during the quarter, large banks shrank their portfolios. Of note, Capital One NA grew their loan book 81% year over year, largely due to acquisitions. In November 2012, ING Bank FSB was consolidated into Capital One NA, the commercial bank subsidiary of Capital One Financial Corp. Capital One also acquired card and retail services from HSBC Holdings Plc in May of 2012. Additionally, PNC Bank NA, the commercial bank subsidiary of PNC Financial Services Group Inc. acquired RBC Bank (USA), a former unit of Royal Bank of Canada on March 2, 2012.

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Shepherd (Unknown Type)/Australian Cattle Dog Mix
San Ramon, Adopt-a-Dog


Breed: Shepherd (Unknown Type)/Australian Cattle Dog Mix
Color: Tricolor (Tan/Brown & Black & White)
Age: Young
Size: Med. 26-60 lbs. (12-27 kg)
Sex: Male

"I am already neutered, housetrained, up to date with shots, good with kids, good with dogs, and good with cats."

Roscoe's Story...
"Hi, my name is Roscoe and I'm a very nice year old, 45-50 pound, shepherd/cattle dog mix. I am well mannered, doggy door trained, good on a leash, get along with other dogs and ignore cats. I haven't been around kids much, but seem fine with them. Sometimes, I will bark (and back up!) at someone I don't know, but it seems to be from lack of confidence, so I am getting better all the time. If you are looking for a great young dog to add to your family, I am eager to please and ready to learn!

I am neutered, current on shots and micro chipped.

My adoption donation is $200. Please call or text (925) 209-6480 or email for more information or to meet me in person.

Contact This Rescue Group...
Rescue Group: Tuffie's Animal Rescue CA
Phone:(925) 209-6480
Let 'em know you saw "Roscoe" on!
Let 'em know you saw "Roscoe" on!
Fax: (623) 587-9119
Address: San Ramon, CA 94583

Adopt-a-Pet by Leasing Co. State/City

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Leasing Association 2013 Conferences

March 14, 2013
2013 National Equipment Finance Summit
Hyatt Regency Albuquerque

"Finding Good Employees & Succession Planning"
"What and How We've Changed to Survive"
"Working with New Funding Sources.
-- Perspectives in Today's Marketplace"
"Reduce Costs and Improve Your Customers’ Experience
– Process Improvement Using Six Sigma & Lean Me"


Pricing Sheet

Hot-Air Balloon Ride

Full Schedule:


Bruce Kropschot, the Alta Group, is covering this
important conference for Leasing News and will have
a special report.

Conference Agenda:



April 9-11, 2013
25th Annual National Funding Conference
Fairmont, Hotel, Chicago

This is the top "A" funding conference, many do not attend other conferences, and registered meetings are always "over booked" followed by much networking in and out of meetings

For More Information:


April 18-20, 2013
Annual Conference
Las Vegas, Nevada

Keynote Presentation: How to Have Your Best Year Ever
Presented by: Bryan Dodge, Dodge Development, Inc.

Building a Team That Works Without You
Presented by: Bryan Dodge, Dodge Development, Inc.

Work/Life Balance
Presented by: Bryan Dodge, Dodge Development, Inc.

Professional Development
Presented by: Patrick Sponsel, Sharpe Equipment Leasing, Inc

Broker 101: The Foundation (Part 1) [CLP-CPE Credit]
Presented by: Charles (Bud) Callahan, Jr., CLP, BPB,
National Equipment Leasing, Inc.

Broker 101: The Foundation (Part 2) [CLP-CPE Credit]
Presented by: Charles (Bud) Callahan, Jr., CLP, BPB,
National Equipment Leasing, Inc.

There’s Gotta be a Pony Under Here Somewhere! [CLP-CPE Credit]
Presented by: Bob Teichman CLP, Teichman Financial Training

7th Annual 'Women in Leasing Luncheon, April 18th 2013
Please contact Katie or Marci for more details at 801-733-8100

Schedule of Events
Schedule PDF

Registration (includes registration fees)

Hotel Reservation



September, 2013
Sep 12, 2012
2013 Funding Symposium


September 27-28, 2013
2013 NAELB Western Regional
Irvine, California

October 20-22
ELFA 52nd Annual Convention
JW Marriott Grand Lakes-Orlando, Florida

November 1-2, 2013
2013 Eastern Regional
Nashville, Tennessee



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


News Briefs----


Barclays Posts Loss of $1.3 Billion and Plans to Cut 3,700 Jobs

NetSol posts robust results in 1HFY13

NetSol Technologies' CEO Discusses Q2 2013

US Micro enters agreement with Macquarie Equipment Finance
(as reported by Leasing News, January 11, 2012

Comcast Buys Rest of GE Sells Stake in NBCUniversal

Companies can't get rid of cash fast enough

The 2013 Westminster Kennel Club Dog Show



---You May Have Missed

Facebook's Zuckerberg is nation's No. 2 charitable donor



SparkPeople--Live Healthier and Longer

SparkPeople--Live Healthier and Longer

7 Unhealthy Habits to Give Up During Lent: SparkPeople Slideshow



Sports Briefs----

IOC's poor decision to add golf costs wrestling its spot in Olympics

Memo to Eagles' Vick: Running for 1,000 yards not a good idea



California Nuts Briefs---

Rick Perry declares victory in California trip

Tomato King Salyer gets 6 years in prison: 'My life is effectively over'

Foreclosures in dramatic January drop across S.F. Bay Area




“Gimme that Wine”

New Historic Wineries Tour of Napa Valley Includes Lunch, a Look at Beaulieu Residence

Amazon Expands Wine Sales to Colorado and South Carolina

Mendocino County's $101 million grape harvest crushes records

Burgundy’s Wealth of Riches

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

      Breakfast was the main meal of the day in Colonial America. At the turn of the 19th century, most Americans had plenty to eat, but few enjoyed a balanced diet. Farmers grew their own food and shot wild game. In the cities that lack of refrigeration and even of canning until about 1820 meant that much sale pork and other preserved items were staples. Fresh fruits and vegetables were not available for much of the year. Foreign visitors were impressed by the amount of greasy food consumed by Americans and the speed at which it was eaten. A visiting French count reported that he was nearly made ill by breakfast that included fist, steak, ham, sausage, salt beef and hot breads. " The whole day passes in heaping indigestion on one another."The English had a similar view, " They eat with the greatest possible rapidity and in total silence...(breakfast consisted of ) cornbread, buns, buckwheat cakes, broiled chickens, bacon, steak, rich hominy, fish, fresh and pickled, and beef-steak." Charles Dickens was repelled by those dyspeptic ladies and gentlemen who eat unheard-of quantities of hot corn bread..."
    1635 - The oldest public school in the United States, the Boston Public Latin School, was founded. 
    1741-Andrew Bradford published “The American Magazine, “ just three days ahead of Benjamin Franklin's “General Magazine.”He had been in Franklin's employ long enough to learn the trade and beat his old boss to the street with his publication.
    1784 -Ice flows blocked the Mississippi River at New Orleans, then passed into the Gulf of Mexico.
    1819 - In Congress, the Missouri Bill is introduced. It would allow the Missouri Territory to draft a constitution and prepare for statehood. James Tallmadge of New York proposes two anti-slavery amendments. One would ban the further introduction of slavery. The other would emancipate the children of slaves in Missouri, born after the admission of the territory as a state, at the age of 25. The amendments pass the House on 17 February, but fails in the Senate on 27 February. 
    1826 -The American Temperance Society (later renamed the American Temperance Union) was organized in Boston. It quickly grew into a national crusade, and within a decade over 8,000 similar groups had been formed, boasting a total of 1.5 million members.
    1831-Birthday of Union General John Rawlins, born in Galena, Illinois. Rawlins was a close personal aide to General Ulysses S. Grant and was reported to have kept Grant from drinking heavily during the war. Rawlins' family was originally from Virginia but had settled in Illinois shortly before Rawlins' birth. When Rawlins was a teenager, his father abandoned the family and headed for the gold fields of California. The younger Rawlins received little formal education, but he studied law and was admitted to the Illinois bar in 1854. He became the city attorney in 1857 and became involved in state politics. He was an avid supporter of Senator Stephen Douglas and served as an elector for Douglas in 1860. When the war began, Rawlins became the aide de camp to Grant. He was Grant's principle staff officer throughout the war, and Grant said that Rawlins was nearly indispensable. Grant was known to be a heavy drinker when he served on the frontier in the 1850s, and there were rumors that he continued to drink during the early stages of the war. Rawlins appears to have been instrumental in keeping Grant “ in line.” Many reports of Grant's drinking were over-exaggerated, it is said. After the war, Rawlins served in the west. He helped General Greenville Dodge survey the route for the Union Pacific Railroad, which later became part of the first transcontinental line. For his efforts, the town of Rawlins, Wyoming, was named after him. When Grant became president in 1869, Rawlins became secretary of war. His health declined after taking office, and he died just six months later. Rawlins is buried in Arlington Cemetery.
    1847 - General Kearney acts on orders to establish a new government in Monterey while Freemont still acts a governor in Los Angeles.
    1854 - Admiral Perry anchors off Yokosuka, Japan to receive Emperor's reply to treaty proposal. This agreement, forced on the Tokugawa shogunate by Commodore Perry's menacing "black ships," ended over two centuries of virtual exclusion (the exception being the Dutch) of foreign traders from the coast of Japan. The intrusion of the U.S. in the first place derived from the ill-treatment accorded American whaling crews when shipwrecked off the coast or landing for provisions or repairs. The treaty fully satisfied the U.S. government's concerns in this regard but left to the future the equally important matter of opening the country to foreign trade; concluded in 1858 with the signing of the Harris treaty. Perry's great achievement was widely recognized at the time. 
    1861- Colonel Bernard Irwin distinguished himself while leading troops in a battle with Chiricahua Apache Indians at Apache Pass, AZ (at the time part of the territory of New Mexico).  For two days, this army assistant surgeon “ voluntarily took command of troops and attacked and defeated the hostile Indians he met on the way.” For those actions, Irwin later became the first person awarded the new US Medal of Honor, although he didn't actually received it until three years later(January 24, 1864).
    1862 - The four day Battle of Fort Donelson, Tennessee, begins. After capturing Fort Henry on February 6, 1862, Grant advanced cross-country to invest Fort Donelson. The original garrison of the two forts was about 2,500 men, and Albert Johnston had dispatched about 12,000 reinforcements from Bowling Green, KY, under John Floyd to bolster the defense. A few men also arrived from Columbus, the western end of the Confederate defensive line. Grant had wanted to move fast, to prevent reinforcements arriving at all, but wretched weather (rain before and during his operations ruined the roads) delayed him and the Confederate troops arrived safely. Fort Donelson was a much stronger work than Fort Henry, larger, with a stronger garrison, about 100 feet above the river (so it had plunging fire on ships), and on a ridge which narrowed routes for infantry attack. The Confederates had a strong line on the next ridge outwards from the fort, with each of the Generals commanding a sector while Floyd (the senior) also had overall command. Grant deployed two divisions in line, with a third arriving. On the 12th, despite orders not to, McClernand had one of his brigades probe the Confederate defenses. They charged two or three times and found the defenses strong and well manned: Union losses were heavy. Grant had intended simply to surround the fort and have the Navy batter it into submission. 
    1865 - The Confederacy approved the recruitment of slaves as soldiers, as long as the approval of their owners was gained. 
    1866- the famous James Gang, which operated in Missouri after the Civil War, which included the James brothers, Frank and Jesse, and the Younger brothers, Cole, James and Robert, held up their first bank at the Clay County Savings and Loan Association in Liberty, MO.  The cashiers, brothers Greenup and William Bird, were locked in the bank's vault, while the robbers joked that “all birds should be cared.” The made off with $60,000 in currency and securities. It was the first of more than 26 raids by the James Gang that yield more than $500,000 in loot.
    1885--Birthday of Elizabeth "Bess" Wallace Truman, First Lady to President Harry Truman, known as "the Boss", assisted the President with many political decisions; served as Truman's secretary when he was a senator from Missouri.
     1885 - The "Friday the 13th" avalanche at Alva, UT, killed sixteen persons, and left thirteen others buried for twelve hours before being rescued.
    1892- Grant Wood ,American artist, especially noted for his powerful realism and satirical paintings of the American scene, was born near Anamosa, IA. He was a printer, sculptor, woodworker and high school and college teacher. Among his best-remembered works are American Gothic, Fall Plowing and Stone City. Died at Iowa City, IA, Feb 12, 1942.,0811812421)
( four down: )
    1899 -on the edge of the greatest arctic outbreak of all-time, a vicious blizzard pounded the mid-Atlantic and New England states. 20 inches of snow fell at Washington, DC and 34 inches fell at Cape May, New Jersey. The central pressure of the storm was estimated to be 966 millibars (28.53 inches) just southeast of Nantucket, Massachusetts. It was the coldest morning ever along the Gulf Coast, with temperatures of 6.8 degrees at New Orleans, Louisiana, 7 degrees at Pensacola, Florida and 1 degree below zero at Mobile, Alabama. The record low temperature for the state of Florida was set at Tallahassee when the mercury tumbled to 2 degrees below zero. The record low temperature for the state of Louisiana was set at Minden, when the thermometer fell to 16 degrees below zero. A trace of snow fell at Fort Myers, Florida. This was the farthest south snow has ever been observed in the US until 1977. On the edge of the greatest arctic outbreak of all time, a vicious blizzard pounded the mid-Atlantic and New England states. 20 inches of snow fell at Washington, DC and 34 inches fell at Cape May, New Jersey. The central pressure of the storm was estimated to be 966 millibars (28.53 inches) just southeast of Nantucket, Massachusetts.
    1899 -1ºF (-18ºC) New Orleans LA 
    1899 -2ºF (-19ºC) Tallahassee FL (state record) 
    1899 -16ºF (-27ºC), Minden LA (state record)
    1899-the coldest temperature ever recorded at Dayton, Ohio occurred when it dropped to 28 degrees below zero.
    1904-Birthday of trumpet player Wingy Manone weekday) 
    1905 -29ºF (-34ºC) Pond AR (state record) 
    1905 -40ºF (-40ºC) Lebanon KS (state record) 
    1905 -40ºF (-40ºC) Warsaw MO (state record)
    1910-Birthday of 1910 William B. Shockley, physicist, co-inventor of the transistor 
    1914- the American Society of Composers, Authors and Publishers was formed in New York City.  The object of th4e society was to protect the copyrighter musical compositions of its members against illegal public performance for profit or other forms of infringement, and to collect license fees for authorized performances in public amusement establishments for distribution among its members.  George Maxwell was the first president.  It became affiliated with similar societies functioning in foreign countries.
    1918-- Birthday of Patty Berg, who by 20 had won every major amateur golf title in the world. When she turned pro at 22, newspapers commented that she would be making $145 a week and "that's quite a bit of money for a girl 22 years old and taking her first job." 
    1919-Birthday of country and religious singer Tennessee Ernie Ford, whose full name was Ernest Jennings Ford,  born in Bristol, Tennessee. He was nicknamed "the Ol' Peapicker," and is best known for his 1955 hit "Sixteen Tons," which sold four-million copies. But Ford had his first hit, "Mule Train," in 1949. The success of "Sixteen Tons" gained Ford an NBC television series, which ran from 1955 to 1961 and was very popular. During his career, Tennessee Ernie Ford has also recorded many religious albums. One of them was awarded a platinum disc in 1963 for one-million copies sold. Ford died in Reston, Virginia on October 17th, 1991. 
    1920-After his plan to bring Negro teams to the Majors was rejected by commissioner Kennesaw Mountain Landis, Chicago Negro baseball tycoon Andrew "Rube" Foster organized the Negro National League. Eight teams joined in its inaugural season: the Chicago American Giants, Chicago Giants, Cuban Stars, Dayton Marcos, Detroit Stars, Indianapolis ABCs, Kansas City Monarchs, and St. Louis Giants.
    1920 - The League of Nations recognized the perpetual neutrality of Switzerland.
    1921- tenor sax player Wardell Gray, Oklahoma City, OK
    1920-After his plan to bring Negro teams to the Majors was rejected by commissioner Kennesaw Mountain Landis, Chicago Negro baseball tycoon Andrew "Rube" Foster organized the Negro National League. Eight teams joined in its inaugural season: the Chicago American Giants, Chicago Giants, Cuban Stars, Dayton Marcos, Detroit Stars, Indianapolis ABCs, Kansas City Monarchs, and St. Louis Giants.
    1927-Birthday of tenor sax player Buck Hill, Washington, DC
    1931--Ted Lewis' version of "Just A Gigolo" is the most popular tune in America. David Lee Roth would score a number 12 hit with the same song in 1985.
    1933--Birthday of Kim Novak
    1935- Bruno Hauptmann found guilty of kidnap & murder of Lindbergh's infant. Some believe it was Lindbergh's sister who suffered from mental illness, and expressed jealousy of the young baby. It is claimed that there never was conducive evidence the crime was committed by Hauptmann.
    1936 -The Lutheran Army and Navy Commission was organized by the Missouri Synod for the purpose of commissioning chaplains for military service and to minister to Lutheran personnel among the military overseas. In 1947 its name was changed to the Armed Services Commission.
    1938-Birthday of Bunny Sheppard of the Ukranian-Canadian pop music duo Mickey and Bunny, in Rosa, Manitoba. Mickey and Bunny were popular in the 1960's
    1939—In  Martinez, California, Italian-American Mario. Cowell recorded Olmeda's rendition of six Italian folk songs, including "Marinaro (The Sailor)," and "La Capinera(The Blackbird)," a song he had learned, he said, from his father. The musical heritage of numerous ethnic groups representative of the diverse peoples who settled in the San Francisco Bay Area are in California Gold: Folk Music from the Thirties, 1938-1940, including
Basques, and
The collection may also be browsed by Subject,
Musical Instruments,
or by individual Audio Titles. A term such as guitarPortuguese or wedding may also be used to search the collection
( lower half of: )
    1940- Earl “Fatha” Hines records “Boogie Woogie,” “St. Louis Blues.”
    1941- Woody Herman band records its theme, “ Blue Flame.”
    1945- Allied fire bombing caused a firestorm in Dresden, Germany. The air force had discovered fire was more destructive than heavy bombs and began utilizing them in raids over Germany and then in Japan.  This strategy is credited with shortening the war and saving thousands of allied lives. More than 3,400 tons of explosives were dropped on the city by 800 American and British aircraft. The firestorm created by the two days of bombing set the city burning for many more days, littering the streets with charred corpses, including many children. Eight square miles of the city was ruined, and the total body count was between 35,000 and 135,000 (an approximation is all that was possible given that the city was filled with many refugees from farther east). The hospitals that were left standing could not handle the numbers of injured and burned, and mass burials became necessary. Among the American POWs who were in Dresden during the raid was novelist Kurt Vonnegut, who conveyed his experience in his classic antiwar novel Slaughterhouse Five.

    1944-Birthday of Peter Tork of the manufactured-for-television group, the Monkees, was born in Washington, DC. The success of the Monkees' TV show beginning in 1966 led to their singles and albums selling in the millions. Their hits included "Last Train to Clarksville," "I'm a Believer" and "Pleasant Valley Sunday." Peter Tork was one of two members of the quartet who actually could play an instrument when he was chosen for the group. Tork was the first to leave the Monkees, in 1968. The other three members went their separate ways a year later. Three of the Monkees reunited in 1986 for a successful tour and a hit album.
    1945-PEREZ, MANUEL, JR. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company A 511th Parachute Infantry, 11th Airborne Division. Place and date: Fort William McKinley, Luzon, Philippine Islands, 13 February 1945. Entered service at. Chicago, Ill. Born: 3 March 1923 Oklahoma City, Okla. G.O. No.: 124, 27 December 1945. Citation: He was lead scout for Company A, which had destroyed 11 of 12 pillboxes in a strongly fortified sector defending the approach to enemy-held Fort William McKinley on Luzon, Philippine Islands. In the reduction of these pillboxes, he killed 5 Japanese in the open and blasted others in pillboxes with grenades. Realizing the urgent need for taking the last emplacement, which contained 2 twin-mount .50-caliber dual-purpose machineguns, he took a circuitous route to within 20 yards of the position, killing 4 of the enemy in his advance. He threw a grenade into the pillbox, and, as the crew started withdrawing through a tunnel just to the rear of the emplacement, shot and killed 4 before exhausting his clip. He had reloaded and killed 4 more when an escaping Japanese threw his rifle with fixed bayonet at him. In warding off this thrust, his own rifle was knocked to the ground. Seizing the Jap rifle, he continued firing, killing 2 more of the enemy. He rushed the remaining Japanese, killed 3 of them with the butt of the rifle and entered the pillbox, where he bayoneted the 1 surviving hostile soldier. Single-handedly, he killed 18 of the enemy in neutralizing the position that had held up the advance of his entire company. Through his courageous determination and heroic disregard of grave danger, Pfc. Perez made possible the successful advance of his unit toward a valuable objective and provided a lasting inspiration for his comrades. 
    1946—African-American Isaac Woodward, Jr., discharged from the Army only a few hours, was on his way home when he had his eyes gouged out in Batesburg, South Carolina, by the town chief of police, Linwood Shull. Woodward was traveling on a bus from Atlanta, Ga. to Winnsboro, S.C. About an hour out of Atlanta, Woodward had an altercation with the bus driver. At Batesburg, S.C., the driver called the police and ordered Woodward out. Chief of police Linwood Shull struck Woodward across the head with a billy, and in jail gouged out his eyes, blinding him for life. On November 5, however, an all-white federal jury acquitted Shull after being out for 15 minutes. Shull's attorney had stated to the jury.
    1948—Top Hits
Ballerina - Vaughn Monroe
I'll Dance at Your Wedding - Buddy Clark with The Ray Noble Orchestra
Now is the Hour - Bing Crosby
I'll Hold You in My Heart (Till I Can Hold You in My Arms) - Eddy Arnold
    1949-Actor-director Jack Webb, creator of the hit radio and TV series Dragnet,gets his start in realistic crime drama with the radio show Pat Novak for Hire, which makes its national network debut this day on ABC. Jack Webb played Novak, whose deadpan, hard-boiled delivery foreshadowed Dragnet's Joe Friday. The show ran for only about four months.  Webb was raised by his mother in Southern California. After high school graduation, he spent four years in the U.S. Army Air Corps during World War II, working a desk job. He started his radio career in San Francisco and soon landed his role in Pat Novak for Hire. In 1949, he was chosen to play the role of Lt. Lee Jones in He Walked by Night, and it was there that he met Marty Wynn, a sergeant for the Los Angeles Police Department who was working as a technical adviser for the program. Webb's conversations with Wynn-and an invitation to review real LAPD case files-spurred Webb to develop Dragnet as a radio show. CBS rejected the show, but NBC agreed to give Webb's program a trial run in 1949, even though his show lacked a sponsor. Eighteen weeks later, cigarette company Chesterfield agreed to sponsor the show, a partnership that lasted for seven years. The television debut of Dragnet, four years after the radio program began, marked the beginning of realistic TV police dramas. Webb starred as Sgt. Joe Friday and narrated the shows in a documentary style, turning "Just the facts, ma'am" into a national catchphrase. Episodes were based on real cases from the Los Angeles Police Department, and each half-hour segment concluded with the capture of the perpetrator, followed by a short synopsis of what happened at the suspect's trial. My late father Lawrence Menkin wrote several of the Dragnet stories from actual cases from a Los Angeles policeman who wanted to become a writer and collaborated with my father ( sorry, don't remember his name or what ever happened to him. ) My father was an old radio writer that got him in with Webb, and that the fact the person co-writing the scripts with him was an actual uniformed LA police officer, sold many of the stories they wrote. Another bit of trivia, one of my best friend in high school's father joined the second series as Sgt. Ben Romero ( Harry Morgan). Dragnet was resurrected in 1967 under the name Dragnet '67 and ran for another two years, focusing this time on helping citizens in distress and community service rather than high-intensity crime. In 1987, Dragnet was revived again, this time as a spoof feature film starring Dan Aykroyd and Tom Hanks. The TV show reappeared two years later as a syndicated series, airing in the 1989-90 season in New York and Los Angeles only, then nationally syndicated the following season. Dragnet currently again in on TV and we shall see where it goes.  Webb, whose other television series included Emergency! and Adam 12, died of a heart attack in 1982 and was buried with full LAPD honors. The LAPD retired the badge he wore onDragnet, sergeant's badge No. 714, and erected a memorial to him on the LAPD Academy grounds.
    1953 - Senator Edwin Johnson warned major league baseball owners not to televise their games nationwide. The Senator said broadcasting the games to a national audience would threaten the survival of minor league baseball. Major league owners did not share the Senator's opinion, and games, especially those on NBC, had a large following.
    1954- Guitar Slim's "The Things that I Used to Do" hits #1 R&B
    1955-- Elvis Presley performs at the Fair Park Coliseum in Lubbock, TX, billed as "The Be-Bop Western Star of the Louisiana Hayride." It is the first concert booked through Col. Tom Parker. Also on the bill that day: Buddy and Bob, a country duo featuring a eighteen-year-old Buddy Holly. 
    1956—Top Hits
Rock and Roll Waltz - Kay Starr
No, Not Much! - The Four Lads
Teenage Prayer - Gale Storm
Why Baby Why - Red Sovine & Webb Pierce
    1959- Barbie doll goes on sale. (Yesterday they announced Ken and Barbie were divorced!!!!)
    1961- Frank Sinatra unveiled his own record label, Reprise ( Sinatra had a low opinion of rock music but nonetheless the label would release recordings by the Beach Boys, Jimi Hendrix and the Kinks.
    1961- Lawrence Welk's "Calcutta" hits #1 
    1964—Top Hits
I Want to Hold Your Hand - The Beatles
You Don't Own Me - Leslie Gore
Um, Um, Um, Um, Um, Um - Major Lance
Begging to You - Marty Robbins
    1965- President Lyndon B. Johnson decides to undertake the sustained bombing of North Vietnam that he and his advisers have been contemplating for a year. He thought he could run the war better than his generals.  It is said he did not want “the enemy” to think that he was “soft.” Earlier in the month, the president had ordered Operation Flaming Dart in response to communist attacks on U.S. installations in South Vietnam. These retaliatory raids did not have the desired effect of causing the North Vietnamese to cease support of Viet Cong forces in South Vietnam, and out of frustration, Johnson turned to a more extensive use of airpower. Called Operation Rolling Thunder, the bombing campaign was designed to interdict North Vietnamese transportation routes in the southern part of North Vietnam and slow infiltration of personnel and supplies into South Vietnam. The first Rolling Thunder mission took place on March 2, 1965, when 100 U.S. Air Force and Republic of Vietnam Air Force (VNAF  planes struck the Xom Bang ammunition dump 100 miles southeast of Hanoi. In July 1966, Rolling Thunder was expanded to include North Vietnamese ammunition dumps and oil storage facilities, and in the spring of 1967, it was further expanded to include power plants, factories, and airfields in the Hanoi-Haiphong area. Operation Rolling Thunder was closely controlled by the White House and at times targets were personally selected by President Johnson. From 1965 to 1968, about 643,000 tons of bombs were dropped on North Vietnam. A total of nearly 900 U.S. aircraft were lost during Operation Rolling Thunder. The operation continued, with occasional suspensions, until President Johnson, under increasing domestic political pressure, halted it on October 31, 1968.
    1965 - Sixteen-year-old Peggy Fleming won the ladies senior figure skating title at Lake Placid, NY. Fleming would go on to win Olympic gold, and as a professional skater, signed a long-term, $500,000 contract for several commercial endorsements that lasted for years. She appeared in TV specials and performed with the "Ice Follies" and "Holiday on Ice" and was elected to the International Women's Sports Hall of Fame and the Olympic Hall of Fame.
    1965-Motown group Jr. Walker & the All Stars enter both the pop and R&B charts for the first time with "Shotgun," which establishes the group's trademark hard-driving "roadhouse" R&B sound. The song makes it to Number One on the R&B charts and #4 on the pop chart.
    1965-- Gary Lewis and the Playboys record "Count Me In" 
    1966- the Rolling Stones made their first appearance on American television, on "The Ed Sullivan Show" from New York.  It was tape recorded the day before.
    1967- The Beatles, "Strawberry Fields Forever" b/w "Penny Lane" 
    1969- The Doors' "Touch Me" is certified gold
    1969- Sly and the Family Stone's "Everyday People" is certified gold 
    1969- the New York Stock Exchange board of governors approved the admission of the first African-American, Joseph Louis Stearles III, a partner in the brokerage firm of Newburger, Loeb and Company.
    1969-The Doors' single "Touch Me" and Sly and the Family Stone's single "Everyday People" win gold records.
    1969-CREEK, THOMAS E. Medal of Honor
Rank and organization: Lance Corporal, U.S. Marine Corps, Company I, 3d Battalion, 9th Marines, 3d Marine Division (Rein), FMF. Place and date: Near Cam Lo, Republic of Vietnam, 13 February. 1969. Entered service at: Amarillo, Texas. Born 7 April 1950, Joplin, Mo. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a rifleman with Company 1 in action against enemy forces. L/Cpl. Creek's squad was providing security for a convoy moving to resupply the Vandegrift Command Base when an enemy command detonated mine destroyed 1 of the vehicles and halted the convoy near the Cam Lo Resettlement Village. Almost immediately, the marines came under a heavy volume of hostile mortar fire followed by intense small-arms fire from a well-concealed enemy force. As his squad deployed to engage the enemy, L/Cpl. Creek quickly moved to a fighting position and aggressively engaged in the fire fight. Observing a position from which he could more effectively deliver fire against the hostile forces. he completely disregarded his own safety as he fearlessly dashed across the fire-swept terrain and was seriously wounded by enemy fire. At the same time, an enemy grenade was thrown into the gully where he had fallen, landing between him and several companions. Fully realizing the inevitable results of his action, L/Cpl. Creek rolled on the grenade and absorbed the full force of the explosion with his body, thereby saving the lives of 5 of his fellow marines. As a result of his heroic action, his men were inspired to such aggressive action that the enemy was defeated and the convoy was able to continue its vital mission. L/Cpl. Creek's indomitable courage inspired the Marine Corps and the U.S. Naval Service. He gallantly gave his life for his country.
    1970 - General Motors is reportedly redesigning automobiles to run on unleaded fuel. 
    1970-The Jaggerz, a six piece group from Pittsburgh, Pennsylvania, entered the Billboard chart with a song called "The Rapper". Although the tune would rise to #2 during an eleven week run, it would be the band's only chart appearance. 
    1971 - The Osmonds, a family singing group from Ogden, Utah, started a five-week stay at the top of the pop music charts with "One Bad Apple". The song, featuring little Donny Osmond, also showcased the talent of older brothers Alan, Wayne, Merrill and Jay Osmond. They were regulars on Andy Williams' television show from 1962-1967. The group got their start in 1959 as a religious and barbershop quartet. Together, the Osmonds had 10 singles in four years, and four of the songs were top ten hits.

    1972—Top Hits
Let's Stay Together - Al Green
Without You - Nilsson
Precious and Few - Climax
One's on the Way - Loretta Lynn
    1972 - "1776" closed at 46th St Theater NYC after 1,217 performances. 
    1974-Daryl Dragon and Toni Tennille, better known as The Captain & Tennille, were married in Virginia City, Nevada. 
    1974- the heavily-publicized Bob Dylan and the Band tour ended at the Forum in Los Angeles. Many of the tracks on Dylan's  "Before the Flood" album were recorded at this concert.
    1977-Birthday of football player Randy Moss, Rand, WV. 
    1980—Top Hits
Rock with You - Michael Jackson
Do that to Me One More Time - The Captain & Tennille
Coward of the County - Kenny Rogers
Leaving Louisiana in the Broad Daylight - The Oak Ridge Boys
    1981-On this day, Pink Floyd's "The Dark Side of Moon" becomes the longest-running rock LP on the Billboard chart, finishing up its 402nd week. The two LPs that have charted longer are Johnny Mathis' "Greatest Hits" (490 weeks) and the "My Fair Lady Original Cast Recording" (480 weeks).
    1983- Marvin Gaye puts a sensual (some say too sensual) spin on the National Anthem at the NBA All-Star Game in Los Angeles. 
    1985---Ready to release tomorrow on Valentine's Day, Whitney Houston's self titled debut album by Arista Records. The LP will produce four giant Billboard hits, "You Give Good Love" (#3), "Saving All My Love for You" (#1), "How Will I Know" (#1), and "Greatest Love of All" (#1). 
    1987 - A storm in the western U.S. produced heavy rain over central California. Chews Ridge reported nearly eleven inches of rain in 24 hours, and extensive flooding occurred in San Benito County. The Mount Rose ski resort in Nevada experienced a "white-out" with 60 mph winds and 36 inches of snow. 
    1988 - Strong winds in the wake of a storm in the northeastern U.S., gusting to 60 mph at Oswego NY, produced six foot snow drifts in northeastern Ohio. High winds in the mountains of Utah, gusting to 106 mph at the Snowbird ski resort, contributed to a forty car pile-up on Interstate 15, near the town of Bluffdale. 
    1988-Now a party classic, Buster Poindexter's (a.k.a. David Johansen) "Hot Hot Hot" peaks at #45 on the chart.
    1988-Michael Jackson buys a ranch in Santa Ynez, California that he dubs "Neverland".
    1988—Top Hits
Could've Been - Tiffany
Seasons Change - Expose
I Want to Be Your Man - Roger
Wheels - Restless Heart
    1989- Cliff Richard received a special lifetime achievement award at the British Phonographic Industry BRITS awards show in London. He was cited as being the most enduring pop star Britain has produced.
    1989 - Showers and thunderstorms produced locally heavy rain and flash flooding from central Texas to western Pennsylvania. Up to ten inches of rain deluged western Kentucky in two days, with five day totals ranging up to 13.16 inches at Gilbertsville Dam KY. Flooding caused tens of millions of dollars damage, including 18 million dollars damage at Frankfort KY. 
    1990--- Working Woman magazine announced a base rate of 1,000,000, the first business magazine to reach that exalted distribution rate - larger than Fortune, Forbes or Business Week. 
    1990 - A slow moving cold front brought heavy snow to Utah, Colorado and Wyoming. Big Horn WY reported 15 inches of snow, and up to 22 inches was reported in Utah. In Colorado, 8 to 12 inches of snow fell over the northwest suburbs of Denver, while 16 to 22 inches was reported in the high mountain elevations west of Fort Collins. Strong winds accompanied the heavy snow, and bitter cold weather followed in its wake.
    1990- Bryan Trottier  of the New York Islanders scored the 500th goal of his career in a 4-2 loss to the Calgary Flames. Trottier finished his career with 524 goals and was inducted into the Hockey Hall of Fame in 1997.
    1990- Drexel Files for Bankruptcy
After spending a good part of the 1980s wheeling and dealing its way to the top of the financial world, the Drexel Burnham Lambert Group saw its empire crumble by the dawn of the 1990s. For a good spell, Drexel Burnham was barely a blip on Wall Street's radar. However, Drexel's head of bond trading, Michael Milken, helped change the firm's fortunes by focusing his efforts on the junk bond market. A long ignored sector of the investment industry, junk bonds focused on the buying and selling of high-risk, high-yield bonds issued by fledgling companies, as well as concerns with poor credit ratings. By the 1980s, junk bonds were booming, thanks in large part to the troubled savings and loan industry, which turned to the bonds in hopes of boosting their sagging fortunes. Drexel, which, thanks to Milken, dominated this market, fast became a Wall Street heavyweight. But, the firm's woes began in 1988 as the economy, which had boomed its way through the middle of the decade, turned sour. Prices of junk bonds plunged, which not only created a nasty financial mess, but also focused a spotlight on Milken and Drexel's less than savory practices. The government initiated a probe into the firm and its star trader: the investigation found Milken guilty of various securities infractions, including skimming generous amounts from depositors' funds; it also revealed a rat's nest of corruption and shady deals at Drexel Burnham. A trial ensued and the government slapped the firm with $650 million in fines. Coupled with the Drexel Burnham's sizable, and expensive, backstock of junk bonds, the fines placed a considerable burden on the firm's finances. By early 1990 Drexel had run out of funds and, on this day in 1990, filed for bankruptcy.
    1992 - Oakland Athletics star José Canseco rammed his Porsche intentionally into his estranged wife Esther's BMW after a dispute. Local new reports also said he spat on her windshield. Esther Canseco, age 25 and a former Miss Miami beauty queen, did not want to press charges. However, in a criminal assault case, the state had the option of pressing ahead without her cooperation or consent.
    1992-Wayne's World, the motion picture starring Mike Myers and Dana Carvey, opens in movie theaters across the US. The soundtrack includes cuts from Queen, Eric Clapton and Jimi Hendrix. 
    1996-Pointcast, an obscure company in Cupertino, California, announced a beta version of a free service that grabbed Web pages and information from the Internet and then displayed the data on the user's screen. By 1995, Netscape dominated the browser war, but Pointcast was their first challenge. The service became the year's most popular product, creating a near hysteria in the industry over Pointcast's so-called "push" technology. Media pundits predicted the end was near for the Web browser. By the following year, however, the limitations of push technologies became clear, and the hype died down. It seemed the death of the browser had been much exaggerated.  Microsoft was to adopt the technology, and began bundling their program in their operating software, actually preventing Netscape from operating, making it the exclusive browser.
    1997 - The Dow-Jones Index of 30 major industrial stocks topped the 7,000 mark for the first time.
    1997- Michael Jackson became a father when his wife, Deborah Rowe Jackson, gave birth to a son at a Los Angeles hospital. Jackson had announced in November that Rowe, a nurse who worked with the singer's dermatologist, was six months pregnant with his child. They married later that month in Sydney, Australia, where Jackson was on tour.
    1997- the Dow Jones this day, an index of 30 major industrial stocks, topped the 7,000 mark for the first time.
    1999 - Monica's "Angel of Mine" was the #1 top-40 hit in the U.S.: “I look at you, lookin' at me; Now I know why they say the best things are free; I'm gonna love you boy you are so fine; Angel of Mine.” 
    2005-At the 47th Grammy awards, Ray Charles's duets album "Genius Loves Company" won eight trophies, including Album of the Year and Record of the Year. Former Beach Boy's leader Brian Wilson won his first ever Grammy for Best Rock Instrumental for "Mrs. O'Leary's Cow" from his CD "Smile", the album he was forced to delay for nearly 40 years because of emotional problems. Led Zeppelin received a Lifetime Achievement Award. Guitarist Jimmy Page was on hand along with bassist John Paul Jones and the children of late drummer John Bonham. Other classic rockers who took home statues were Rod Stewart - Best Traditional Pop Vocal Album for "Stardust...The Great American Songbook Volume III" and Bruce Springsteen - Best Solo Rock Vocal Performance for "Code of Silence" from his album "The Essential Bruce Springsteen". 
    2011-With appearances by Mick Jagger, Barbra Streisand, Justin Bieber and Katy Perry, the CBS broadcast of The Grammy Awards played to their largest audience in 10 years. 26.55 million Viewers tuned in to see Country trio Lady Antebellum win Song of the Year and Record of the Year with "Need You Now".



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