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kitmenkin@leasingnews.org
   

 


Senior Accountant, New York City, New York

Join a NYC based Commercial Finance Subsidiary of a publicly-held Bank as Senior Accountant. The Company is growing rapidly, is successful and has a dynamic, exciting culture. As a member of the finance team you will be report to the Vice President – Finance. We require a candidate to have a minimum of five years accounting experience, preferably in the accounting department of a bank or a finance company. CPA certification preferred. We offer a competitive salary, bonus and benefit package. Send all resumes in confidence to: financecompanyhr@gmail.com

Full Job Description:
http://www.leasingnews.org/Classified/Hwanted/SeniorAccountantEF.doc


Wednesday, January 11, 2012



Today's Equipment Leasing Headlines

Kathleen Otto Found Liable for $114.5 Million Ponzi Scheme
  Classified Ads---Sales Manager
2012 Leasing Association Membership
  by Christopher Menkin
   Bank Beat---Bank Failures Decline Last 3 Years
 Secured Creditor of Payroll Processing Firm Held Valid Lien
   on Bank Accounts of Payroll Processor, Which Held Funds
    Belonging to Other Companies and Their Employers
     by Tom McCurrin
 Classified Ads---Help Wanted
   Letters?!!!---We get eMail---
    ELFA Top 10 Predictions for 2012
     Trustees announce revised IFRS Advisory Council
     Carrolton, Texas Adopt-a-Dog
       Classified ads— Finance/Human Resources
News Briefs---
     2012 job market brightens, but unemployment won't fall fast
   Oracle opens big office in downtown San Jose
Boeing fetes Renton workers for higher 737 output
  Digital music sales top physical sales

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

Why did Tiger Woods’ ex-wife level a $12 million mansion?
  You May Have Missed
   Winter Workout Guide
    SparkPeople--Live Healthier and Longer
      Sports Briefs---
        Football Poem
         California Nuts Briefs---
           "Gimme that Wine"
       This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               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. It is considered “bias” as it is the writer’s viewpoint.

 


[headlines]
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Kathleen Otto Found Liable for $114.5 Million Ponzi Scheme



The Honorable Donald S. Black, a Fresno County Superior Court judge issued a decision holding Kathleen Otto, the wife of the CEO of HL Leasing, Inc. (John Otto), liable for the $114.5 million dollar verdict against HL Leasing, Inc., Manufacturers Acceptance Corporation dba Heritage Pacific Leasing and Air Fred LLC. The Court had entered a verdict against these three corporate entities on August 2, 2011. This is in addition to the jury verdict of $47.22 million against the top two senior officers of HL Leasing, Inc., Dan Ramirez and Andy Fernandez, for their involvement in a Ponzi scheme. Over 800 victims of the scheme were from California, many of them residents of the Fresno area where HL Leasing, Inc. operated from. The trial team was led by Ara Jabagchourian of Cotchett, Pitre & McCarthy, LLP, Burlingame, California. Jabagchourian is a Fresno native.

In its Statement of Decision, the Court found that John Otto was the alter ego of HL Leasing, Inc., Heritage Pacific Leasing and Air Fred. The Court reasoned that since Kathleen Otto obtained the benefits from her deceased husband's fraud, who committed suicide in May of 2009, she stood in the shoes of her husband for purposes of the lawsuit.

Back in August of 2011, the jury found that the two top senior officers played an integral part in the Ponzi scheme which ruined the lives of hundreds. Dan Ramirez was found guilty of fraudulent concealment and aiding and abetting the fraud and Andy Fernandez was found guilty of aiding and abetting the fraud.

The individual defendants in this case were Dan Ramirez, the former president of HL Leasing, Inc., Andy Fernandez, the company's former chief financial officer, and Kathleen Otto, the alleged co-owner of HL Leasing, Inc. and the wife of John Otto. John Otto operated the $137 million HL Leasing Ponzi scheme before he committed suicide in 2009 after the Ponzi scheme collapsed. Dan Ramirez, Andy Fernandez and Kathleen Otto are alleged to have been integral parts of the Ponzi scheme, collectively taking millions of dollars of HL Leasing money for their own personal benefit. Although the individual defendants claim no knowledge of the fraud, John Otto himself said before he died that no one can pull off a Ponzi scheme alone with one person, it requires lots of people.

The plaintiffs were represented by Ara Jabagchourian and Aron K. Liang of Cotchett, Pitre & McCarthy, LLP and Donald Fischbach of Dowling, Aaron & Keeler, Inc.


Ara Jabagchourian

Jabagchourian said of the verdict, “This Ponzi scheme has destroyed the lives of many individuals in California including hundreds in Fresno, many of whom lost their entire life savings. Now with this decision by the Court finding Kathleen Otto liable for the fraudulent scheme, the victims can rest assured that justice has been done and they can begin the process of being made as whole as possible from the losses they have suffered.”

The FBI had no comment on the case, which they consider "open."

Many of the victims have not been able to file for loses as they claim it has not been determined a Ponzi scheme, although others on the blog say they have filed losses, one stated: and received "... over a 550K lost I received approximately $123K back from the IRS. It did take them a long time to finally send a check but I did get it with no further documents required."

There are those who lost their house, their retirement, and have gone back to work, moved in with their children, and others whose lives have been changed as dramatically due to the money they invested and appear will never see again.

It appears the Otto home and many assets are held in a family trust, and other investments seem to have been liquidity as having more debt than assets, such as the Air Fred, the private plane company. A discovery perhaps will determine what assets are available, as well as an appeal may be in the works regarding Judge Black's decision.

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

[headlines]
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Classified Ads---Sales Manager


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

 

Bayville, NJ
Dedicated individual seeking a account management position, 3 years leasing experience and 15+ years sales experience. Resume furnished upon request,
email Frank at weag4th@gmail.com .

Fort Myers, Florida
Very experienced and strong skills with both Captive and Specialty Sales Management. Over 25 years , will relocate and travel---successful and team player.
e-mail: tlinspections@gmail.com


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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2012 Leasing Association Membership
by Christopher Menkin

 

  2011 2012  
NAELB 696 617 National Association of Equipment Leasing Brokers
ELFA 582 565 Equipment Leasing and Finance Association
AGLF 250 274 Association of Government Leasing and Finance
NEFA 210 191 National Equipment Finance Association

The excuse most heard today for the declining association membership and lower conference turn out: "It’s the economy, stupid!" It comes rolling out of the mouth as if “Everyone knows that, you idiot.” “My sales are down because it is the economy.” “ We are not doing well, because it is the economy.” “Didn’t you hear, we are having a recession, that’s why we aren’t doing so well.”

One would believe the opposite in regards to seeking more business and knowledge via your leasing association; networking, learning more about what is happening, discovering news sources, vendors, and methods of improving business, including operations would seem to make joining a leasing association more important than in very good times.

Yes, there are fewer leasing companies, but then again, there also are new ones entering the marketplace, being formed, as well as community and regional banks entering the field. And there are businesses and franchises doing very well. Maybe there is something else going on: Could the change be one of those being influenced by the internet with no longer "fax to fund" but all paperwork via the cloud, more working from their home as less are needed in an "office," as well as sales is now by Skype, VOIP, Cell Phone, and the use of internet tools such as Google, Facebook, Twitter, and all the improved company web sites and means of doing business.

Some of this depends on "age," as there is a divide that uses solely digital devices and others a wired land line and need to meet "face-to-face" to "twitt" their selling pitch.

Is Linkedin.com replacing the NAELB forum in sharing sources and information, or being introduced? If you can learn information from a webair or internet connection, why fly to another destination, stay at a hotel, to make an introduction when it is free and very quick on the internet?

Are conferences and exhibits part of the past?

It is true the leasing industry executives are aging, many "baby boomers" close to retirement or should have retired. To view today as if it was twenty years ago, or even ten years ago, is light-years away in what is available in software, computers, digital devices, and what is being developed and delivered from the cloud. Note in "News Briefs," digital recordings have overtaken actual physical DVD sales. More books and magazines are available via Kindle, Nook, and many others, in fact, not going through hard back paper publisher but direct on line.

It will be a boon to writers due the high cost of printing, distributing, and all the work involved in a hard book sale.

I think many of the answers depend on the age of the person who has experienced and recognized the changes. I do know my grandkids are much faster with Wii, digital devices such as IPod, and show me applications and short cuts on my computer I did not know before.

  2012 2011 2010 2009 2008 2007 2006 2005 2003 2002 2001 2000
AGLFA 274 250 238 265 277 255 255 255 203 263 343 250
EAEL * * * 183 181 196 198 180 191 216 227 240
ELFA 565 582 604 700 741 768 817 780 732 862 873 850
NAELB 617 696 847 1021 1089 950 731 648 480 433 415 475
UAEL * * * 289 314 314 314 297 248 378 379 589
NEFA 191 210 274                  

Reportedly 70 members belonged each to EAEL and UAEL at the time of the merger. Considering these numbers, NEFA has fallen quite hard rather than growing larger.


The Association of Government Leasing and Finance is the only group to grow in 2011, reaching 274 members at the beginning of the year.

AGLF Membership as of 12/31/2011:

100 Basic
126 Industry Leader
18 Individual & Governmental
4 Emeritus
26 Limited
274 Total



The downward trend of other associations continued in 2011.


The total number of broker members continues to decline from 2009 at 710, to 579 end of 2010, and end of 2011: 499. The number of funding sources is up 4, but by NAELB definition, as in my experience in building a "funder" and "broker/lessor" list for Leasing News, many are really "private label" non-recourse operations, some with

a warehouse line, but many working off advance rentals as per complaints received, which NAELB has discovered. For marketing purposes, and their own definition, they consider themselves "funders," when in fact, they are "super-brokers." The actual number of funders who attend NAELB Conferences (as well as other conferences) is considerably down: almost the same ones at NAELB as NEFA.

NAELB members before you over react as no one likes “bad news”--- be it known that Leasing News has always promoted NAELB as the most active in eliminating those who are not ethical, and go through a pretty rugged procedure for all their members to remain as members. They have great pride in their organization and provide much education, information, and purpose.

The point is, and it is no secret, as written about several times in the last few years, there are less and less real funders and sources for broker to submit leases, especially in the small ticket marketplace.(1)



2012 2011





 



ELFA has also lost members going from 582 year-end 2010 to 565. Law firms and multi-line commercial are slightly up, but bank has lost 4, equipment management lost 4, independent has lost 4. Broker/Packer is up 2, consultant 7, collection agency 7. There have been merger/acquisitions as well companies who have exited finance and leasing.



No comparison was available to compare with the 2010 numbers, as there was no breakdown of actual membership for year-end 2011, according to Gerry Egan, Executive Director, NEFA.


According to Leasing News archives there were 223 Certified Lease Professionals in 2004--- The year 2011 ended with 168 members, a slight drop from the previous year of 174 members.

2007: 204
2008: 179
2009: 182
2010: 159
2011: 174
2012: 168


Arizona Equipment Leasing Association at one time has an estimated 25 members. No official count is available at this time. The group is active. They get together for social and business meetings during the year, even invite speakers.


The Equipment Financing and Leasing Foundation does not have members. It does have a board of directors as well as contributors but is not a “membership organization.” It is under the wing of the Equipment Leasing and Finance Association.

(1) What to Expect in 2012
http://leasingnews.org/archives/Jan2012/1_09.htm#expect

Associations:
http://www.leasingnews.org/associations.htm

Please send Leasing News to a colleague and ask them to subscribe.
We are free! No log-in requirements…

 

[headlines]
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Bank Beat---Bank Failures Decline Last 3 Years


In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks. In 2010, the FDIC entered loss-share agreements with 130 of the 157 failed banks.

This Friday may see the first bank closures for the year. 2011 ended with 92 failures. In 2010, there were 157 bank closures, and 140 banks were shuttered in 2009.

SNL Financial Chart

In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks. In 2010, the FDIC entered loss-share agreements with 130 of the 157 failed banks.

The FDOC median cost to the deposit insurance fund at the time of announcement was 29% in 2009, but in both 2010 and 2011 the percentage of the failed banks' assets was 23%.

SNL Financial Chart

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

Tracking Bank Failure Map with Details:
http://graphicsweb.wsj.com/documents/Failed-US-Banks.html

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

Gary DiLillo, President 440.871.0555 or gary@avptc.com

Comprehensive personal property tax outsourcing services.
Click here to see what our clients say about us.


[headlines]
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Secured Creditor of Payroll Processing Firm Held Valid Lien
on Bank Accounts of Payroll Processor, Which Held Funds
Belonging to Other Companies and Their Employers

by Tom McCurrin

Why You Shouldn’t Ever Use a Payroll Processing Firm to
Handle Your Company’s Payroll Without Vetting the Agreement

This isn’t a leasing case per se, but is such fascinating reading that I had to talk about here. In a nutshell, a large payroll processing firm owed its secured creditor over $28 million dollars. When it defaulted the lender offset against the payroll processor’s bank accounts. The problem was that the $28 million dollars the secured lender offset against wasn’t property of the payroll processor—rather, it belonged to its clients, and really belonged to its payroll processor’s client’s and the client’s employees. The California Court of Appeal upheld the seizure of the bank accounts, due mainly to the conclusion that the account agreement between the payroll processor and its clients did not per se create a trust account. The facts follow.

In Lonely Maiden Productions v. Golden Tree Asset Management, 2011 WL 5966335 (California Court of Appeals 2011), the secured lender was Golden Tree. The payroll processor was Axium. Axium processed payroll for at least a half dozen film companies, and paid their actors, staff, cast, crew and withholdings to State and Federal agencies. Axium borrowed money from Golden Tree and Golden Tree held a security interest in Axium’s deposit accounts. When Axium defaulted on its loan to Golden Tree, Golden Tree seized the accounts.

Axium’s clients, which were many notable high profile film companies were obviously livid, as the monies seized did not belong to Axium, they belonged to the film companies, and more specifically, to the film companies’ employees and tax creditors. The sad news is that Axium’s film clients probably had to pay their employees, the IRS, and the State taxing agencies twice and were left with an unsecured claim against Axium which was by then out of business.

The film companies sued Golden Tree, and the California Court of Appeal held:

1. Golden Tree held a valid security interest in the bank accounts. This was not discussed at length, but presumably it was by virtue of a control agreement.

2. The account agreements between Axium and its clients did not per se create a formal trust agreement because Axium could comingle the funds with others and its own funds, did not use familiar words like trustee and trustor,

This is not a leasing case, but is an important business case for any company which uses payroll processors to make payroll. If you use a payroll processor, your business is at risk, unless someone reviews the account agreement in the strict light of this case and the trust law advanced.

When is the last time you looked at your payroll processor’s account agreement language? I bet never. But after reading this article, I bet you will write down another New Year’s Resolution to do so.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832
Email: tmccurnin@bkolaw.com

Visit our Web Site at: www.bkolaw.com

Payroll case:
http://leasingnews.org/PDF/Payroll_case.pdf

Previous Articles by Tom McCurnin:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html



 

 

[headlines]
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Letters?!!!---We get eMail---


(Mostly In chronological order as received:)

(Photo: Leasing News Archive)

One of Most Influential Women in Leasing Says Goodbye
http://leasingnews.org/archives/Jan2012/1_04.htm#influential

"Thank you Kit. You are such a good friend. I’m truly blessed to have you cheering for me!! Your write up was really nice and very generous.

"I’ve gotten so many emails already from good friends and just some acquaintances in the industry. Thank you very much. "

Cindy

Cynthia W. Spurdle
Executive Director
CLP Foundation


PacWest Bancorp Acquires Marquette Equipment Finance
http://leasingnews.org/archives/Jan2012/1_04.htm#pacwest

"Good news for the industry...Two times book is a pretty good valuation and indicates our industry is being looked upon favorably. The fact that Marquette operates in the A- credit, lower middle market makes it attractive to a regulated lender. They underwrite with financial statements and have very low losses. The regulators like this. The Bank can lower Marquette’s cost of funds and immediately achieve an accretion to earnings at net interest margins that only the equipment leasing industry can bring to a bank.

"I predict that Banks will beat up on each other in the safest segment of our industry but leave a big slice of the market to unregulated independents and third party originators. The broker segment continues to be very viable with the anti-bank strategy. The regulators have as strong a hold on bank risk as ever which will leave a large underserved market looking for leasing professionals who provide convenience and integrity.

"FinPac is committed to the TPO marketplace with a broader array of products than at any time in our history. Here is to a comeback year for brokers in 2012."

Paul J. Menzel, CLP
President & CEO
FINANCIAL PACIFIC LEASING, LLC

"Thanks for the press this morning! Getting lots of calls and emails."

Dorran
Dorran Sampson
Vice President – Broker Relations
Marquette Equipment Finance


David H. Fenig
Equipment Leasing and Finance Association
Vice-President of Federal Government Relations

"Memorial Service: The Memorial Service for David H. Fenig will take place Feb. 4, 2012, 1-3pm, at the Mount Vernon Country Club, 5111 Old Mill Road, Alexandria, Va. 22309 (phone: 703-780-8700).

"Donation Information: The family has designated that donations be sent to: Wounded Warrior Project, P.O. Box 758517, Topeka KS 66675-8517 or online via www.woundedwarriorproject.org. To make your donation in memory of David, use the Honor/Memory Donation form. Under "Honoree and Acknowledgment Information," enter David H. Fenig. Under "Please send acknowledgement of my donation to" enter Mary Fenig Seymour, 12132 SE 91st Terrace, Summerfield, Florida 34491."

Paul Stilp
Vice President, Finance & Administration
Equipment Leasing and Finance Association


Leasing Notables Who Passed Away 2011
http://leasingnews.org/archives/Jan2012/1_04.htm#notables

"Today's Leasing News section on the people who passed away left the deepest impression. It's amazing to see vibrant people in photos taken at times when they had great things happening in their lives. And now they are no longer with us. The only things they left behind are family members, reputation, and accomplishments. Here one day and gone the next. It focuses value on today, every day."

Edward Castagna
InPlace Auctions


A Coach's Poem
http://www.leasingnews.org/Poetry-football/Coach_Poems.htm

"I came across the Poem ‘There are little eyes upon you’ on your site. My name is Perry Biggerstaff and I am the actual author of the poem. Thank you for your obvious heart felt enjoyment of my little creation…it seems to have struck a chord with its universal theme. Just as a backdrop…The poem was written for my son several months after he was born as a reminder to myself that he was going to pick up my words…habits…mannerisms…and that I had a responsibility to him to be a man of restraint and introspective awareness.

"Here is the link to the United States copyright office to validate my claim.

"Thank you"

Perry Biggerstaff

http://cocatalog.loc.gov/cgi-bin/Pwebrecon.cgi?v1=1&ti=1,1&
Search%5FArg=there%20are%20little%20eyes%20upon%20you&Searc
h%5FCode=TALL&CNT=25&PID=D-Lwq-nDX7E04oAzjIfJravR_EO&SEQ=20111228141607&SID=1

(The poem was found on line with "author unknown." It is now corrected in our collection. editor)


Placard---Leasing is Like Living with a Girl
http://leasingnews.org/archives/Dec2011/12_28.htm#placard

"I loved your photo of the guy who is living with the girl and comparing it to leasing. I have an old t-shirt that I got back in the 90's when I was a divorcee. The T-shirt said “I used to be married, but now I just lease ". I used to wear it all the time especially since I was in the leasing business. I had so many people comment on that shirt. Thanks for taking me back in time with your placard today."

(name with held)



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.

E-mail: VdrPgmBizDev@aol.com

"Thank you Kit!!! Your news and free posting provide a great service to those of us in this challenged industry."

vdrpgmbizdev@aol.com



"I know I’m a bit late, but want to wish you the best. Hope all is well with you.

"I enjoy keeping up with some old friends, through Leasing News. Thanks for putting them together."

Jim Swander
Consultant
Phnom Penh, Cambodia
Email: jimswander@gmail.com


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

 

[headlines]
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Leasing Industry Help Wanted


Carlsbad, California

Vendor Account Manager

- Strong background w/emphasis application-only marketplace
- Commission Only and Results Oriented Sales Professional
- Relationships in place to provide immediate opportunities
- Vendor marketing and program development experience

Documentation/Funding Coordinator
Coordination of all documents with the Lessee and Vendor, Insurance, Vendors Invoices, Title Processing,
and Equipment Deliveries.

Experience with Vision and Salesforce.com -- big plus

email- resumes@ilslease.com

 

National Business Development Manager
with minimum seven years experience and
current book of business. Strategically located throughout
US in various targeted industries.
Click Here for more info.

Western Equipment Finance, a subsidiary of Western State Bank
established in 1901, solicits originations throughout the US and
provides funding solutions for a wide range of industries

Senior Accountant NYC
5 Year accounting, prefer bank or finance experience.
CPA preferred. Full description, please click here.
Please send resume to: financecompanyhr@gmail.com

www.easternfunding.com
A Commercial Finance Subsidiary of a publicly
held bank, growing rapidly, is successful and has
a dynamic, exciting culture.

 

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.


[headlines]
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ELFA Top 10 Predictions for 2012


The Equipment Leasing and Finance Association presents their” best insight for the top 10 Equipment Acquisition Trends for 2012.” best insight for 2012,” presented here in the order they state "to help businesses with their strategic equipment acquisition plans:"

1. New equipment acquisition will gradually, but steadily improve. The equipment finance industry is forecasting nine percent growth in investment in equipment and software for 2012, indicating that equipment acquisition by businesses in many industry sectors will increase this year.

2. Replacement needs will continue to drive new equipment acquisitions. Aging of equipment and replacement needs will be the main drivers of new equipment acquisition, as businesses await stronger signs of economic improvement before expanding their equipment investment.

3. Uncertainty over proposed changes to lease accounting will have businesses playing a waiting game. The resolution of proposed changes to lease accounting standards by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) later this year will have businesses waiting to find out how their balance sheets, earnings and other financials will be affected. Meanwhile, industry advocacy will continue to mitigate the negative impacts of lease accounting changes on U.S. businesses and the economy. The good news is that the primary reasons to lease equipment will remain intact, from maintaining cash flow, to preserving capital, to obtaining flexible financial solutions, to avoiding obsolescence.

4. Used equipment prices will rebound in many, but not all, market segments. The collateral value of many categories of equipment that ‘bottomed out’ over the last few years will rebound in 2012. Car and truck values will be particularly strong, and construction equipment also will hold its value. Certain segments, such as corporate aircraft, will remain at relatively lower values.

5. Equipment finance companies will enhance customer relationship and support capabilities to build competitive advantages. End users of equipment will benefit greatly from the efforts of banks and captive and independent finance companies to grow. They’ll be providing specialized areas of expertise and value-added customer services that will be a win-win for both lessors and lessees.

6. Credit availability will enable equipment acquisition for eligible businesses. Last year credit approvals for the equipment finance industry remained above 75 percent. In 2012, businesses seeking financing for equipment acquisitions will often find credit approvals higher in the equipment finance industry than from bank loans.

7. Organizations seeking ways to cut costs and increase operational efficiencies will look to technology innovations. The flexibility, scalability and relative costs associated with cloud computing and shared services will begin to compete with new IT equipment purchases for many businesses.

8. The continuation of a limited bonus depreciation will allow businesses to plan for equipment upgrades or expansions. The continuation of the depreciation bonus will allow businesses to write off 50 percent of the cost on new equipment purchases in 2012. It remains to be seen whether the 100 percent bonus depreciation rate that expired at the end of 2011 will be restored.

9. Global financial pressures will continue to add uncertainty to U.S. investment in equipment. The fallout from the euro-zone crisis and other international financial instability will be a wild card in how much U.S. capital investment picks up this year.

10. Individual equipment markets will see steady growth slightly below 2011 rates. Investment in agriculture, computer and software, industrial, medical and transportation equipment will be positive, but may not match 2011 growth rates. Construction equipment investment is likely to slow in the immediate near term, but could be buoyed by the energy and housing sectors later in 2012.

 


 

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

Trustees announce revised membership of IFRS Advisory Council


The Trustees of the International Financial Reporting Standards (IFRS) Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), have announced today the appointments and reappointments to the IFRS Advisory Council following the expiration of membership periods at the end of 2011.

The Advisory Council is the formal advisory body to the Trustees and the IASB. In 2009, the Trustees revised the membership structure of the Advisory Council so that members now serve primarily as representatives of organisations. The terms of the new appointments and reappointments published today begun on 1 January 2012 and range between one and three years to enhance continuity and achieve an orderly rotation in membership.

Paul Cherry, Chairman of the Advisory Council, has been reappointed for a further two years. Patrice Marteau and Charles Macek, Vice-Chairmen of the Advisory Council, have been reappointed for one and three years respectively.

Commenting on the announcement, Paul Cherry, Chairman of the IFRS Advisory Council said:

“The Advisory Council provides an important sounding board for the Trustees and members of the IASB. I am grateful to the previous members for their contribution to our work and thank the incoming members for agreeing to participate in the important work of the Council.”

Members of Advisory Council:
http://leasingnews.org/PDF/Members_of_the_Advisory_Council.pdf

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


(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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Carrollton, Texas -- Adopt-a-Dog


Angel
Animal ID: 14384419
Breed: Retriever/Mix
Age: 1 year 2 months
Sex: Female
Size: Medium
Color: Black
Spayed/Neutered
Declawed: No
Location: Large Dog room
Intake Date: 10/26/2011

12/16/2011- Angel will be your best friend. She loves to play, exercise, and meet people. Angel is a little timid at first, but will be your bud once she knows you’re her friend. Angel was stranded little pup, but a Good Samaritan took her into her home to foster until she was ready for adoption. Angel is a beautiful 1-year-old Labrador mix that weighs 56 lbs and growing. She has a great personality, fun to watch her play with her toys, and always ready to lounge around with you. FYI she doesn't mind sleeping in her crate. Pet ID 66437

This pet also is eligible for 30 days of pre-paid pet health insurance. For more information please visit www.sheltercare.com or call 1-866-375-PETS.

adoption procedure:
http://www.operationkindness.org/adopt/index.php

Hours of Operation
Monday - 1:00pm to 8:00pm
Tuesday - Closed
Wednesday - 1:00pm to 8:00pm
Thursday - Noon to 8:00pm
Friday - Noon to 5:00pm
Saturday - 11:00am to 5:00pm
Sunday - Noon to 5:00pm
* Open 9am-5pm daily for Corporate and Educational Tours- by appointment only.
* Please note we will close at 6pm on Memorial Day, July 4th, and Labor Day

Location
3201 Earhart Dr
Carrollton, TX 75006-5025

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/

 

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Classified ads— Finance / Human Resources

Leasing Industry Outsourcing
(Providing Services and Products)


    
Finance: Chicago, IL
Experienced in big ticket origination, syndication, valuation and workout.
Twenty five years, MBA, CPA,
JD, LLM (Tax), structuring specialist. Inbound and outbound transactions. Email:pal108381@comcast.net
Transaction Summary | The Lechner Group
Website: www.tlgattorneycpa.com   
    
Finance:Naperville, IL
Your guide to the right questions and answers in finance. Expert in capital raising, GAAP, acquisitions, lease economics. CPA. MBA.
E-mail: m.willow@ameritech.net
Finance: Charlotte, NC
15 Years of Equipment Leasing Experience and Recruiting with Business Aviation niche. Visit us at www.turningpointgrp.com
E-mail: info@turningpointgrp.com
Human Resource Consultant:New York, NY
Employee Relations, Recruiting, Benefits, employee customer surveys, plus payroll administration "ON-LINE" services-- AND IN PERSON at your location Please visit: www.adviceonhr.com
Information System: North Detroit, MI
INFOLEASE EXPERT - 18 years experience.  Since being downsized in 2002, working as a consultant for several leasing companies.
Seeking consulting projects nationwide.
email: darwint@prodigy.net
Finance: New York, NY
“Think Outside the Bank”. Barrett Capital is a merchant banking and consulting firm, specializing in asset based financing: equipment, vehicles, receivables and real estate.

Email: bkorn@barrettcapital.com
Web: www.barrettcapital.com


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
www.jrkrmdirect.com

• End of Lease Negotiations & Enforcement
• Fraud Investigation
• Credit Investigations
• Asset Searches
• Skip-tracing
• Third-party Commercial Collections

The Solution to Your Credit & Accounts Receivable Needs 
John Kenny
315-866-1167 |  John@jkrmdirect.com


 



News Briefs----

2012 job market brightens, but unemployment won't fall fast
http://www.usatoday.com/money/economy/story/2012-01-11/employment-outlook/52489992/1

Oracle opens big office in downtown San Jose
http://www.mercurynews.com/real-estate/ci_19714452

Boeing fetes Renton workers for higher 737 output
http://seattletimes.nwsource.com/html/businesstechnology/2017205845_boeing11.html

Digital music sales top physical sales
http://money.cnn.com/2012/01/05/technology/digital_music_sales/?hpt=hp_t3

 


[headlines]

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You May Have Missed---

Why did Tiger Woods’ ex-wife level a $12 million mansion?
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SparkPeople--Live Healthier and Longer

 

Winter Workout Guide
http://www.sparkpeople.com/resource/winter-workout-guide.asp


 

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Sports Briefs----

Jaguars hire Mike Mularkey as head coach
http://content.usatoday.com/communities/thehuddle/post/2012/01/report-jaguars-hire-mike-mularkey-as-head-coach/1

Heisman Trophy Winner RG3 Is Going Pro
http://abcnews.go.com/Sports/wireStory/ap-source-heisman-trophy-winner-rg3-pro-15333885

Jackson's firing as Raiders coach is not a surprise
http://www.contracostatimes.com/mark-purdy/ci_19712678

Mark Davis says L.A. a possibility for Raiders
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/01/10/SP451MNCO0.DTL

Raider Coaches
http://www.sacbee.com/2012/01/10/4177605/raiders-coaches.html?mi_rss=Photo%20Galleries

A New Name on the Airwaves as the NFL Playoffs Kick Off
http://www.prnewswire.com/news-releases/a-new-name-on-the-airwaves-as-the-nfl-playoffs-kick-off-136729413.html



[headlines]
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Football Poems

Nick Ferguson: The Poet Has Found a Home
By Doug Collins
DenverBroncos.com

The poet has found himself
And now finally knows peace
For where once the soul of a traveler lived
There exists a spirit at ease
One mile above the ocean
In the land where the Broncos roam
The poet can finally rest
For, at last, he has found a home.

http://www.denverbroncos.com/page.php?id=334&storyID=3367




[headlines]
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California Nuts Briefs---


California controller says December revenues missed mark
http://blogs.sacbee.com/capitolalertlatest/2012/01/california-controller-john-chiang-december-2011-revenues-missed-mark.html



[headlines]
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“Gimme that Wine”

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


How scientists learn to speak 'the language of flavor'
http://www.msnbc.msn.com/id/45928511/ns/technology_and_science-science/#.TwuRBFYa58E

 

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]
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This Day in History

     1755- Alexander Hamilton, American statesman, an author of The Federalist papers, first secretary of the treasury, born at British West Indies. Engaged in a duel with Aaron Burr the morning of July 11, 1804, at Weehawken, NJ. Mortally wounded there and died July 12,1804.
http://odur.let.rug.nl/~usa/B/hamilton/hamilxx.htm
    1770- Rhubarb was shipped by Benjamin Franklin from London, England to John Bartram in Philadelphia, Pa. Rhubarb pie was a favorite in the United Colonies.
    1775 - Francis Salvador, the first Jew to be elected in the Americas, takes his seat on the South Carolina Provincial Congress. In June 1776, Salvador, a Patriot, became known as the "Southern Paul Revere" when he warned Charleston, South Carolina, of the approaching British naval fleet. Thanks to Salvador's intelligence information, Fort Sullivan in Charleston harbor was able to prepare for the British attack, and the half-completed fort successfully repelled an attack by a British fleet under Sir Peter Parker. On August 1 of the same year, while leading a militia group under the general command of Major Wilkinson, Salvador and his men were ambushed by a group of Cherokees and Loyalists near present-day Seneca, South Carolina. Salvador was wounded and then scalped by the Cherokees. He was the first recorded Jewish soldier killed in the American War for Independence.
    1791--- In Philadelphia, Episcopal Bishop William White, 43, founded the First Day Society. It became the forerunner of the American Missionary Fellowship, chartered in 1817 and headquartered today in Villanova, PA.
    1795-Birthday of Barbara Heinemann or Heynemann, French-born U.S. spiritual leader of the Community of True Inspiration who supported Christian Metz in his moves from Europe to Iowa and organizing the network of the seven communities known as the Amana Society. As spiritual leader she held the society together after Metz's death.
    1801-Birthday of Caroline Matilda Stansbury Kirkland, a New Yorker who after her marriage lived as a frontier wife and authored A New Home - Who'll Follow? (1839). She wrote in a realistic style life that set a new standard for fiction. Her style was continued by her son Joseph Kirkland in his novels. She succeeded her husband as editor of a Unitarian weekly and later edited what became Sartain's Union Magazine. She was prominent in New York City literary circles.
    1813--First pineapples planted in Hawaii, brought from Spain.
http://www.royalty.nu/America/Hawaii.html
http://www.hort.purdue.edu/newcrop/morton/pineapple.html
    1815- Birthday of John A. MacDonald, Canadian statesman, first prime minister of Canada. Born at Glasgow, Scotland, he died June 6,1891, at Ottawa. His birth anniversary is observed in Canada.
    1839- birthday of Eugenio Maria Hostos, Puerto Rican patriot, scholar and author of more than 50 books. Born at Rio Canas, Puerto Rico, he died at Santo Domingo, Dominican Republic, Aug 11, 1903. The anniversary of his birth is observed as a public holiday in Puerto Rico.
    1842- birthday of William James, American psychologist and philosopher of distinguished family that included his brother, novelist Henry James. “There is no worse lie,” he wrote in Varieties of Religious Experience (1902), “than a truth misunderstood by those who hear it.” Born at New York City, he died at Chocorua, NH, Aug 26, 1910.
    1848---The Town Council attempted to ban gambling in San Francisco.
    1861 - Alabama seceded from the Union and joined the Confederacy.
    1870-Birthday of Alice (Caldwell) Hegan Rice, American novelist and short-story writer best known for her 1901 novel Mrs. Wiggs of the Cabbage Patch which has been translated into dozens of languages, made into plays and movies.
    1878 - In New York, Alexander Campbell made the first delivery of milk in glass bottles. Until then, milk had been ladled from a container by the milkman, into the customer's own container.
    1885- Birthday of Alice Paul, Women's rights leader and founder of the National Woman's Party in: advocate of an equal rights amendment to the US Constitution. Born at Moorestown, NJ, she died there July 10,1977.
http://memory.loc.gov/cgi-bin/query/D?amtoday:1:./temp/~ammem_4bjr
    1892-- Paul Gauguin marries a 13-year-old Tahitian girl
    1897-Birthday of M.H. Cannon of Utah became the first woman state senator in America.
    1902 - "Popular Mechanics" magazine was first published. Initially, it had only five paying subscribers, and a few hundred readers who paid a nickel to buy it at newsstands. In September, 1903, the magazine became a monthly.
    1904- Pianist/composer Pinetop Smith born Orion, AL. One of my favorites, I have all his records, best known for “Pinetop's Boogie Woogie.”
    1907-- The Church of God, headquartered today in Cleveland, Tennessee, and with roots going back to 1886, officially adopted its current name
    1910- Canadian singer and saxophonist Art Hallman was born in Kitchener, Ontario. One of Canada's most popular tenors in the 1940's, Hallman was featured vocalist from 1939 to 1944 with Mart Kenney and his Western Gentlemen. He formed the Art Hallman Orchestra in 1945, and the band appeared in top hotels and dance halls in Toronto, as well as on CBC radio and station CFRB. Hallman's theme song was "Just a Moment More With You."
    1913-, Hudson Sedan, manufactured by the Hudson Motor Car Company, Detroit, MI, was shown at the 13 th National Automobile Show. It was the first sedan car with all accessories as standard equipment.
    1918 - A tremendous blizzard completely immobilized the Midwest, stopping mail service for two weeks. The vast storm then moved through the Great Lakes Region and the Ohio Valley. Winds reached 60 mph at Toledo OH, and the temperature plunged from 28 above to 15 below zero during passage of the cold front.
    1922 - A 14-year-old-boy, Canadian Leonard Thompson, became the first person to have his diabetes successfully treated with insulin.
    1923—drummer Osie Johnson birthday.
http://www.harlem.org/people/johnson.html#
    1924-- Louisiana blues singer Slim Harpo was born in West Baton Rouge. Heavily-influenced by Chicago boogie singer Jimmy Reed, Harpo scored on the pop charts in 1966 with "Baby, Scratch My Back." As well, he had a number-one rhythm-and-blues record in 1961 with "Rainin' in My Heart." Slim Harpo died in 1970.
    1926--Canadian composer and trumpeter Johnny Cowell was born in Tillsonburg, Ontario. Cowell became one of Canada's most successful songwriters in 1956 when his composition "Walk Hand in Hand" was recorded by such artists as Andy Williams and Tony Martin. The song was one of the major hits of the year. Cowell also wrote "Our Winter Love," a big hit in 1963 by Nashville pianist Bill Pursell.  
    1927-- '50s pop singer Gisele MacKenzie, born Winnipeg.CA.
    1928 - Paul Whiteman recorded "Ol' Man River" on Victor Records. Bing Crosby sang as the featured vocalist on the song from the Broadway musical, "Showboat".
    1935 - Amelia Earhart Putnam became the first person to make a solo flight from Hawaii to California. Three years earlier, she became the first woman to make a solo flight across the Atlantic Ocean.
    1935- Ronnie Hawkins, a pioneer of rock 'n' roll in Canada, was born in Huntsville, Arkansas.
Hawkins has been a father figure to many of Canada's leading rock musicians, and the graduates of his bands include the groups Crowbar and The Band, as well as Dom Troiano, King Biscuit Boy and David Clayton-Thomas. (Rompin') Ronnie Hawkins began touring the Ontario night club circuit in 1958 with his band the Hawks. In 1959, he scored on the US charts with "Mary Lou" and "40 Days."
Hawkins has remained in Canada since then, leaving his Ontario base only occasionally, as he did in 1976 to appear at The Band's farewell concert in San Francisco.
    1938 - The first woman bank president, Frances Moulton, assumed her duties in Limerick, Maine.
    1939- First Metronome all-Star session (Berigan, James, Goodman) records “ Blue Lou,” “The Blues.” Victor. These Metronome Jazz Magazine masters are fascinating to listen to as they are basically all star jam sessions.
    1939- actor-singer Sal Mineo was born in New York City. Better known for his acting than his singing, he did manage a top-ten record in 1957, "Start Movin'." On February 12th, 1975, Mineo was found murdered in Los Angeles.
    1939- Marlene Dietrich, "Falling In Love Again"
    1940--Benjamin O. Davis, Sr., becomes the U.S. Army's first black general, his son would later become a general as well.
    1942- Saxophonist Clarence “Big Man” Clemmons born Norfolk, VA; with Bruce Springsteen and the E Street Band
    1942 -23ºF (-31ºC), Kingston RI (state record)
    1943- Singer Jim Croce was born in Philadelphia. His narrative songs, such as "Bad Bad Leroy Brown" and "You Don't Mess Around With Jim," were extremely popular in the early '70s. Like Otis Redding, Croce's greatest popularity came after his death. And like Redding, Croce was killed in a plane crash - in 1973.
    1944 - Franz Kettner, a private in the German army and a prisoner of war at Camp Hearne in Texas, is killed by a Nazi kangaroo court. Internment camps for German prisoners of war were dominated by Nazi enforcers, who killed as many as 150 of their fellow prisoners during World War II.
    1944-HOWARD, JAMES H. (Air Mission) Medal of Honor
Rank and organization: Lieutenant Colonel, U.S. Army Air Corps. Place and date: Over Oschersleben, Germany, 11 January 1944. Entered service at: St. Louis, Mo. Birth: Canton, China. G.O. No.: 45, 5 June 1944. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action with the enemy near Oschersleben, Germany, on 11 January 1944. On that day Col. Howard was the leader of a group of P51 aircraft providing support for a heavy bomber formation on a long-range mission deep in enemy territory. As Col. Howard's group met the bombers in the target area the bomber force was attacked by numerous enemy fighters. Col. Howard, with his group, and at once engaged the enemy and himself destroyed a German ME. 110. As a result of this attack Col. Howard lost contact with his group, and at once returned to the level of the bomber formation. He then saw that the bombers were being heavily attacked by enemy airplanes and that no other friendly fighters were at hand. While Col. Howard could have waited to attempt to assemble his group before engaging the enemy, he chose instead to attack single-handed a formation of more than 30 German airplanes. With utter disregard for his own safety he immediately pressed home determined attacks for some 30 minutes, during which time he destroyed 3 enemy airplanes and probably destroyed and damaged others. Toward the end of this engagement 3 of his guns went out of action and his fuel supply was becoming dangerously low. Despite these handicaps and the almost insuperable odds against him, Col. Howard continued his aggressive action in an attempt to protect the bombers from the numerous fighters. His skill, courage, and intrepidity on this occasion set an example of heroism which will be an inspiration to the U.S. Armed Forces.
    1945--GAMMON, ARCHER T. Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company A, 9th Armored Infantry Battalion, 6th Armored Division. Place and date: Near Bastogne, Belgium, 11 January 1945. Entered service at: Roanoke, Va. Born: 11 September 1918, Chatham, Va. G.O. No.: 18, 13 February 1946. Citation: He charged 30 yards through hip-deep snow to knock out a machinegun and its 3-man crew with grenades, saving his platoon from being decimated and allowing it to continue its advance from an open field into some nearby woods. The platoon's advance through the woods had only begun when a machinegun supported by riflemen opened fire and a Tiger Royal tank sent 88mm. shells screaming at the unit from the left flank. S/Sgt. Gammon, disregarding all thoughts of personal safety, rushed forward, then cut to the left, crossing the width of the platoon's skirmish line in an attempt to get within grenade range of the tank and its protecting foot troops. Intense fire was concentrated on him by riflemen and the machinegun emplaced near the tank. He charged the automatic weapon, wiped out its crew of 4 with grenades, and, with supreme daring, advanced to within 25 yards of the armored vehicle, killing 2 hostile infantrymen with rifle fire as he moved forward. The tank had started to withdraw, backing a short distance, then firing, backing some more, and then stopping to blast out another round, when the man whose single-handed relentless attack had put the ponderous machine on the defensive was struck and instantly killed by a direct hit from the Tiger Royal's heavy gun. By his intrepidity and extreme devotion to the task of driving the enemy back no matter what the odds, S/Sgt. Gammon cleared the woods of German forces, for the tank continued to withdraw, leaving open the path for the gallant squad leader's platoon.
    1945- Birthday of singer Naomi Judd.
    1947---Top Hits
For Sentimental Reasons - Nat King Cole
Ole Buttermilk Sky - The Kay Kyser Orchestra (vocal: Mike Douglas & The Campus Kids)
The Old Lamplighter - The Sammy Kaye Orchestra (vocal: Billy Williams)
Divorce Me C.O.D. - Merle Travis
    1948- future country superstar Loretta Lynn married Oliver (Mooney) Lynn. She was not quite 14 years old.
    1948-- President Harry S. Truman proposes free, two-year community colleges for all who want an education.
    1949- Lee Konitz's cuts first record “Progression” on Prestige.
    1953-Birthday of rock singer Pat Benatar.
    1955---Top Hits
Mr. Sandman - The Chordettes
The Naughty Lady of Shady Lane - The Ames Brothers
Hearts of Stone - The Fontane Sisters
Loose Talk - Carl Smith
    1956---The Coasters record "Down in Mexico," "Turtle Dovin'"
    1956- Elvis Presley began his first recording session in Nashville. Among the songs recorded were "Heartbreak Hotel" and "I Was the One," which became Presley's first single for RCA Victor. Artists-and-repertoire chief Steve Sholes had bought his contract from Sun Records in Memphis for 35- thousand dollars. The record became the first of Elvis's more than 50 million-sellers.
    1956 - No. 1 Billboard Pop Hit: "Memories Are Made of This," Dean Martin.
1957: In one of the biggest scandals to ever hit rock music, Jerry Lee Lewis marries his 14-year-old cousin Myra Gale Brown, daughter of his cousin Jim. Lewis' first marriage is still valid; the divorce wouldn't be finalized for six months. Reports are that Myra still believes in Santa Claus. When the story breaks a few weeks later, Lewis' career would be seriously damaged.
    1958- The Coasters, "Charlie Brown"
    1958 - On CBS-TV's "Seahunt," Lloyd Bridges starred as Mike Nelson, an ex-Navy frogman turned underwater trouble shooter. The show spent four years on the network. The underwater sequences were shot in Silver Springs, Florida. The out-of- water sequences were filmed at Marineland of the Pacific.
My father Lawrence Menkin wrote several of the episodes.
    1958-- "Great Balls of Fire" by Jerry Lee Lewis became the number-one song in the US. Later in the year, many radio stations began banning his records because of his marriage to his 13-year-old cousin.
    1960: Aretha Franklin makes her stage debut at New York's Village Vanguard.
    1961-- The Marvelettes' "Please Mr. Postman" hits #1
    1963---Top Hits
Telstar - The Tornadoes
Go Away Little Girl - Steve Lawrence
Hotel Happiness - Brook Benton
Ruby Ann - Marty Robbins
    1963 - On Sunset Boulevard in California, Whiskey-A-Go-Go opened. Bright lights and mini-skirt clad dancers in cages were the main features of the United State's first discotheque. . In the next decade and beyond, the Whiskey will be a popular meeting place for the record industry and a good place to be seen if you want to get into the industry. The Doors, among others, got their start there.
    1963- Tracy Caulkins, American swimmer, winner of more titles than any other amateur athlete. TC won 48 national titles, three Olympic gold medals (1984), set 66 world or U.S. records, and is a member of the International Swimming Hall of Fame (1990).
    1964--Roger Miller records "Dang Me," one of the most popular songs
of the year, along with his "Chug-A-Lug."
   1964 --U.S. Surgeon General Luther Terry issued the first government report saying that smoking may be hazardous to one's health.
   1964- The famed Whisky a Go-Go nightclub opened on Hollywood's Sunset Boulevard. The combination discotheque and concert venue quickly became the favored hangout for LA's hip set. It was famed for its go-go girls who both danced and acted as dj's, and for its house band, led by Johnny Rivers. The club also spotlighted the hottest acts from the US and Britain, among them the Byrds, Jimi Hendrix, the Who and Led Zeppelin.
    1964 - "Ring of Fire" by Johnny Cash becomes the first country album to top the U.S. pop album chart.
    1964—Famed singer Sam Cooke is shot and killed under mysterious circumstances at the Hacienda Hotel in Los Angeles, CA. The married singer picked up a young woman at a party, who claimed Cooke attempted to rape her. When she ran away, according to her testimony, Cooke followed and assaulted the hotel manager, demanding to know the girl's whereabouts. The manager shot Cooke three times.
    1965-- Ray Charles' "Crying Time" enters the pop charts
    1965---The Beach Boys record "Do You Wanna Dance"
    1966-British Invasion band Herman's Hermits receive a gold record for the album "The Best of Herman's Hermits."
    1967--The great Jimi Hendrix records "Purple Haze"
    1968- The Rolling Stones film their legendary Rolling Stones' Rock and Roll Circus television special at Wembley television studios in Middlesex, England, featuring performances by John Lennon, Eric Clapton, the Who, Jethro Tull, Marianne Faithful -- and yes, circus people, all filmed in a circus tent. The show is never aired and only sees the light of day in 1996, supposedly because the Stones thought the Who upstaged them with their performance.
   1969--FRITZ, HAROLD A. Medal of Honor
Rank and organization: Captain, U.S. Army, Troop A, 1st Squadron, 11th Armored Cavalry Regiment. Place and date: Binh Long Province, Republic of Vietnam, 11 January 1969. Entered service at: Milwaukee, Wis. Born: 21 February 1944, Chicago, 111. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Capt. (then 1st Lt.) Fritz, Armor, U.S. Army, distinguished himself while serving as a platoon leader with Troop A, near Quan Loi. Capt. Fritz was leading his 7-vehicle armored column along Highway 13 to meet and escort a truck convoy when the column suddenly came under intense crossfire from a reinforced enemy company deployed in ambush positions. In the initial attack, Capt. Fritz' vehicle was hit and he was seriously wounded. Realizing that his platoon was completely surrounded vastly outnumbered, and in danger of being overrun, Capt. Fritz leaped to the top of his burning vehicle and directed the positioning of his remaining vehicles and men. With complete disregard for his wounds and safety, he ran from vehicle to vehicle in complete view of the enemy gunners in order to reposition his men, to improve the defenses, to assist the wounded, to distribute ammunition, to direct fire, and to provide encouragement to his men. When a strong enemy force assaulted the position and attempted to overrun the platoon, Capt. Fritz manned a machine gun and through his exemplary action inspired his men to deliver intense and deadly fire which broke the assault and routed the attackers. Moments later a second enemy force advanced to within 2 meters of the position and threatened to overwhelm the defenders. Capt. Fritz, armed only with a pistol and bayonet, led a small group of his men in a fierce and daring charge which routed the attackers and inflicted heavy casualties. When a relief force arrived, Capt. Fritz saw that it was not deploying effectively against the enemy positions, and he moved through the heavy enemy fire to direct its deployment against the hostile positions. This deployment forced the enemy to abandon the ambush site and withdraw. Despite his wounds, Capt. Fritz returned to his position, assisted his men, and refused medical attention until all of his wounded comrades had been treated and evacuated. The extraordinary courage and selflessness displayed by Capt. Fritz, at the repeated risk of his own life above and beyond the call of duty, were in keeping with the highest traditions of the U.S. Army and reflect the greatest credit upon himself, his unit, and the Armed Forces.
    1970-- The Kansas City Chiefs defeated the Minnesota Vikings, 23-7, to win Super Bowl IV. the Chiefs, 14—point underdogs, evened the AFL's Super Bowl record at 2-2 with their triumph. Kansas City was led by quarterback Len Dawson, named the game's Most Valuable Player.
    1970 - Billy Casper became the second golfer in history to top the $1-million mark in career earnings; thanks to winning the Los Angeles Open golf tournament.
    1971---Top Hits
My Sweet Lord/Isn't It a Pity - George Harrison
Knock Three Times - Dawn
Black Magic Woman - Santana
Rose Garden - Lynn Anderson
    1972 - Downslope winds hit the eastern slopes of the Rockies in northern Colorado and southeastern Wyoming. Boulder CO reported wind gusts to 143 mph and twenty-five million dollars property damage.
    1973-- The American League changed its playing rules to allow for the use of a designated hitter, one player to bat for the pitcher throughout the game without being required to play in the field. the rule was intended to boost offensive production and to allow better starting pitchers to remain in the game longer.
    1974-country storyteller Tom. T. Hall topped the country singles charts with "I Love." His other number-one songs that year included "That Song is Driving Me Crazy" and "Country Is."
    1976-- US female Figure Skating championship won by Dorothy Hamill.
    1976-- Al Stewart's "Year of the Cat" enters the pop charts
    1977- AT & T approves dual listings in phone books for wife and husband without extra charge, ending a three-year battle by feminists.
    1979---Top Hits
Too Much Heaven - Bee Gees
My Life - Billy Joel
Sharing the Night Together - Dr. Hook
Tulsa Time - Don Williams
    1980- composer John Williams succeeded the late Arthur Fiedler as the conductor of the Boston Pops.
    1984-the album "Thriller" by Michael Jackson became the all-time bestselling LP. "Thriller," with ten-million copies sold, surpassed the previous best-seller, the soundtrack from "Saturday Night Fever." "Thriller" eventually sold more than 40 million copies. Also on January 11th, 1984, Michael Jackson was nominated for 12 Grammy Awards.
    1986-- L. Douglas Wilder was sworn in as lieutenant governor of Virginia. He was the first black elected to statewide office in the South since Reconstruction. He later served as governor.
    1987- Madonna's video about a pregnant teenager, "Papa Don't Preach," won the top award on the first World Music Video Awards. The three-hour program was co-produced by Canada's MuchMusic Network and Europe's Sky Channel. It was telecast live via satellite to five continents.
    1987---Top Hits
Walk Like an Egyptian - Bangles
Notorious - Duran Duran
Shake You Down - Gregory Abbott
Give Me Wings - Michael Johnson
    1987 -- Denver quarterback John Elway engineers "The Drive." Trailing Cleveland 20-13 with 5:32 remaining in the AFC championship game, Elway marches the Broncos 98 yards on 15 plays to force overtime, then moves Denver 60 yards on nine plays on their first possession of overtime to set up Rich Karlis' game-winning 33-yard field goal in the Broncos' 23-20 victory.
http://images.nfl.com/history/images/0111.jpg
    1987 - A storm in the northeastern U.S. buried the mountains of central Vermont with up to 26 inches of snow, and snowfall totals in Maine ranged up to 27 inches at Telos Lake. Winds gusted to 45 mph at Newark NJ and Albany NY.
    1988 - Snow and high winds in Utah resulted in a fifty car pile-up along Interstate 15. Winds in Wyoming gusted to 115 mph at Rendezvous Peak.
    1992-Paul Simon becomes the first international star to perform in South Africa following the end of the UN cultural boycott. He began a concert tour in Johannesburg.
    1992--- US female Figure Skating championship won by Kristi Yamaguchi
    1998 --NFC Championship Green Bay Packers beat San Francisco 49'ers 23-10
    1998-- AFC Championship Denver Broncos beat Pitt Steelers 24-21
    1998-- US female Figure Skating championship won by Michelle Kwan
    1998--- US male Figure Skating championship won by Todd Eldredge
    1999-- NASA declared 1998 the warmest year on record. Global surface temperatures increased by 0.34 of a degree Fahrenheit. The average temperature of 58.496 degrees Fahrenheit eclipsed the previous record set in 1995. The 1998 warmth was associated partly with a strong El Niño, a periodic warming of the Pacific Ocean.
    1999-At the American Music Awards, Billy Joel is given the Special Award of Merit for his "inspired songwriting skills" and "exciting showmanship." Also at the show, Blondie (with four of the original members: Debbie Harry, Chris Stein, Jimmy Destri, and Clem Burke) perform on stage with rapper Coolio singing the band's "No Exit."

Super Bowl Champions this Date

    1970--- Kansas City Chiefs


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Top Stories

(chronological order)

- Leasing News Person of the Year 2011
   John C. Deane
- PacWest Bancorp Acquires Marquette Equipment Finance
- Q4 Equipment Leasing/Finance Employment Drops
- BBB: Rating Leasing Companies
- One of Most Influential Women in Leasing Says Goodbye
- Tom McCurnin Joins Leasing News Advisory Board
- At Last! Positive News Equipment Leasing & Finance 2012
  Equipment Leasing & Finance Foundation Forecast
- Global Leasing Toolkit Now Available
   Long Time Project Complete
- Ascentium Capital Copying First Sierra?
   by Christopher Menkin
- Barry Drayer May Be out on Parole
   by Christopher Menkin
- Resource America "deconsolidates" LEAF Financial
- Operation Lease Fleece Kirk A. McMahan Sentencing
- Schwartz Now at Metropolitan Detention Center, Brooklyn
-
First Sound Bank Investor Pleads to Keep Bank Open
- Why I became a CLP
- Jules & Associates Attorney "Cease & Desist Demand"
  by Christopher Menkin, Editor/Publisher
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint
- Top Leasing Web Sites---Up-dated
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- The Non-Broker Trend and Growth of "Lease Portals"
- 5 years+ C & J Leasing Clarence Rice for Embezzlement
- Ed Castagna Introduces "The Fast Way to be Sold!"
- Sheldon Palyer Still on the Loose
- Navitas Gets California License!

- Marlin Business Service Officers’ "Exotic Pay"
   by Christopher Menkin
- First American Equipment Finance Goes Against the Trend
- Results Are In---
   "Application Only" versus Financial Statements?
- Customer Complaints Filed
  against Select Group of Equipment Leasing Companies
- The Differences Between Print and Internet Advertising
   by Kit Menkin
- Are They Licensed in California to Dispense Cash
- SBA Major Revisions
- Top 50 Banks
- A California Leasing Gypsy Arrested by Costa Mesa Police
- Survey of Evergreen Clauses
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- NorVergence’s Tom Salzano on Trial in Louisiana
- Responses to Working with a Smaller Bank Question
- More on Chase Industries Embezzlement
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Companies who notify lessee in advance of lease expiration
  and require their discounter to also notify lessee in advance
- "The courts define what is fraud, not you or anyone else”
   by Bernie Boettigheimer, CLP
- Add Wisconsin to Notification Requirement Evergreen
- California Licenses and Checking Them
- Automatic Renewals: The States Respond
  by Barry Marks, Esq.
- Unlicensed Lender & Securitization Partners get tagged for Usury
- More Top Leasing Web Sites
- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Richest Man in Leasing: Steven Udvar-Hazay
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Church Kiosk Fray---Comes back to bite Balboa on the...
- Brican America---Update
- Vaughn Indicted for defrauding banks, leasing companies
- Wildwood employees get prison for Leasing Ponzi scheme
- IFC Credit Corporation BK—Up-date
- De Lage Landen: A Teachable Moment by Bernie Boettingheimer, CLP
- Leasing News Position on Evergreen and Winter Green Leases
- I should have called Lease Police!
   by Christopher Menkin
- PinnFund/PinnLeasing Michael Fanghella Out of Jail Seeks $150,000 Job
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West

   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs Vs. Litigation Costs