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entertainment for the commercial bank, finance and leasing industry

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Gary DiLillo, President 440.871.0555 or

Wednesday, January 9, 2013

Today's Equipment Leasing Headlines

    Reaction to Leasing News Person of the Year 2012
      Classified Ads---Controller/Credit
Exclusive from ZRG Partners
USA Equipment Leasing Hiring Index surges 52% in Q4
    Problem Banks Below 700
     --and No Bank Failures So Far This Year!
      Cartoon---Recession May Be Ending
       Classified Ads---Help Wanted
 Companies who notify lessee
  in advance of lease expiration
The Aberdeen Kid—Yahoo Blog
  Letters?! We get eMail
   (Mostly in Chronological Order)
      Sudhir Amembal in Milan
     Hurricane Sandy Animals Looking for a Home
      Asbury Park, New Jersey
       Classified ads—Asset Management
        Dennis P. Neumann (more information)
News Briefs---
BofA to sell service rights on $100 billion of mortgages
 Two ex-HBOS bank managers charged in $56 mln loan fraud
  Banks for Sale
   Houlihan Lokey Latest to Buy an Investment Bank for Bankers
    Google to bring free Wi-Fi to Chelsea, New York City
     Microsoft: 60 Million Windows 8 Licenses Sold

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---
     Football Poem
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
               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.


Please send Leasing News to a colleague and ask them to subscribe.
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Reaction to Leasing News Person of the Year 2012

(Award to be Presented)

“Congratulations on your outstanding selection of Tony Golobic as 2012 Leasing News Person of the Year. Over many years Tony has lead by example in "doing the right thing" for customers, employees, investors, lenders, vendors and the Cedar Rapids community. Universally respected, Tony defines what it means to be a true industry leader. Congratulations Tony on this very well deserved industry recognition.”

Rick Remiker
Huntington National Bank - Specialty Banking
President, Huntington Equipment Finance
Chairman, Equipment Leasing and Finance Association

“What a perfect choice for Leasing News' Person of the Year for 2012. Tony Golobic represents everything that is right about our industry. He has quietly built a first class company that delivers critical growth capital to small businesses across the country in an efficient and honest way. No gimmicks, consistent service, and effective risk management through good times and bad. He also has set a great example for other leasing companies in how to develop leasing professionals and create a positive and dynamic culture for his employees. Over the years, I personally have tried to emulate Tony's examples of industry leadership to help shape my career and evolve the organizations I have been associated with. Congratulations to Tony. This recognition is well deserved.”

Paul J. Menzel, CLP
President & CEO
(2005 Leasing News Person of the Year)

“Tony's company has been a member of the Equipment Leasing and Finance Association for many years. He served on the ELFA Board of Directors, making many valuable contributions to the organization and the industry it represents. GreatAmerica Financial Services and its solid reputation reflect Tony's personal work ethic, integrity, and overriding commitment to its employees and customers. There is no more deserving industry representative of this award than Tony Golobic.”

Ralph Petta
Chief Operating Officer
Equipment Leasing and Finance Association
(2009 Leasing Person of the Year)

“I had a problem getting my hands around virtually all candidates suggested. However, in the end, the advisory boards’ attention to what a ‘Leasing Person of the Year’ should be prevailed. To that end, a very good choice. His accomplishments alone were an industry contributor and inspiration to those in the industry.”

Allan Levine,
Chief Operating Officer
Madison Capital
(Leasing News Advisory Board member)


Bookmark us



Classified Ads---Controller/Credit

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

Chicago, IL
experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating. 
Southeastern, MI
Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate. 

Greater Atlanta, GA
13 yrs. small ticket--directly w/brokers & direct sale, plus working
capital.. Most recently Medical.  
Cell: (770) 561-1434 LinkedIn: | Resume

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:

Bookmark Leasing News



Exclusive from ZRG Partners
USA Equipment Leasing Hiring Index surges 52% in Q4

According to the ZRG Partners most recent report, released today, “January has started the year posting a major increase in overall hiring demand in the USA, surging 52% from Q3’s mark. The index begins the year at the second highest level since tracking began in 2008, right before the financial crisis. Growth plans in 2013 coupled with need for new talent to fulfill the missions is creating a stir in the US markets across all levels of hiring.

“Not only are existing companies seeking growth, but new entrants on the bank side as well as continued inflows of private equity capital are driving a renaissance of sorts with talent and company rosters.

“Banks are on the prowl for growth and when they can’t find it organically, acquisitions are back in vogue with successful independents being plucked out of the market by banks desiring asset and income growth. MB Banks acquisition of Celtic Leasing and Bank of Ann Arbors announcement of purchasing Ervin Leasing highlight a busy first week of January.

“While posted hiring demand is up across job boards, Industries Recruiters also report more robust activity at the mid-level and senior level.

“The industry buzz through the recruiter channels reports more opportunity for senior leaders who can grow businesses and segments. There is also a consistent need for “lift-out teams” who can plug in larger chunks of volume with a new home to augment to take their clients to more eager home in 2013.”

ZRG Global Practice Leaders

***Larry Hartmann
*** Ken Vancini
*** Ken Lubin

Full report:

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



Problem Banks Below 700
--and No Bank Failures So Far This Year!

For the first time in three years, the number of problem banks has dropped below 700

While banks are settling real estate mortgage law suits, many from mortgage companies or other banks that they purchased, deposits are high while rates are low and products like credit cards and other investment markets are making profits. But the best news is only 51 banks failed in 2012.

Year  Number of Bank Failures


In 2012, the FDIC entered loss-share agreements with the buyers of 20 of the 51 banks closed in 2012, according to SNL Financial. 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 the buyers of 130 of the 157 failed banks.

The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks' assets was 21% in 2012, with 51 failures. The median cost in 2011 and 2010 was 23%.






Leasing Industry Help Wanted

Business Development Officer

Baltimore-Washington DC Area

Should have existing client base.  Work from corporate office as required. Salary plus commission structure, benefits, expense plan. or
35 years equipment & vehicle financing full service direct funder
for small to mid-ticket transactions,
with syndication abilities for large ticket.

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

Please see our Job Wanted section for possible new employees.


Companies who notify lessee
in advance of lease expiration

These companies do not use language to confuse, perhaps to deceive, with the result an automatic continuation for an additional twelve months of payments. They do not invoke the twelve months on a $1.00 purchase option or an Equipment Finance Agreement.

In its editorial of June 30, 2011, Leasing News recommends that the equipment lessor send a certified letter with return receipt; however, at this time, the acceptance of the word of the president of the company will be accepted until proven otherwise.

ABCO Leasing
Advantage Funding
Agility Ventures LLC
Allegiant Partners
American Leasefund, Inc.
BancLease Acceptance Corporation 
Bank of Ozarks Leasing 
Bankers Capital
Bank of the West, Indirect Equipment Finance 
Black Rock Capital
BSB Leasing
Capital Technology & Leasing, LLC
Cobra Capital, LLC
Commerce National Bank
Dakota Financial, LLC
Direct Capital

Financial Pacific Leasing 


Five Point Capital, In
Forum Financial Services, Inc. 
Gonor Funding
GreatAmerica Leasing
Innovative Lease Services, Inc.
Madison Capital
Macrolease Corporation 
Manufacturer's Lease Plans, Inc
Mesa Leasing
Maxim Commercial Capital
Mount Pleasant Capital
National Machine Tool Financial Corporation
Navitas Lease Corp. 
Northwest Leasing Company
P&L Capital Corporation 
Pacifica Capital 
Pawnee Leasing Corporation
Southern California Leasing, Inc 
Standard Professional Services, LLC
Stoddard & Associates 
TEAM Funding Solutions



The Aberdeen Kid—Yahoo Blog

It appears is now public. Readers can note in July, 2004 when NorVergence filed

bankruptcy this started as a private blog and grew to over 1680. Throughout the years it has died down. Leasing News has been a member since it started. This was an historic Ponzi scheme that lead to the death of “hell and high water” clauses in leasing contracts, as well as breached leases with vendors, and in many states, changed viewpoint when individuals were guarantors, partners or proprietors, and treated them as “consumers,” a major blow to the commercial equipment finance industry.

For new readers, “NorVergence, incorporated as NorVergence, Inc., was a Newark, New Jersey corporation started by Thomas and Peter Salzano. Prior to filing for bankruptcy in July 2004, the company sold fraudulent telecommunications services, devices and related products to small businesses with little tech savvy…

“In its three-year existence, NorVergence hired 1,800 sales and other employees and had revenues of $143 million.

“Lawsuits against the company have been filed in numerous states, by both former employees and customers. The lawsuits allege that NorVergence was a Ponzi scheme or pyramid scheme, or that the technology did not work.

“Calcasieu County (Louisiana) District Attorney John DeRosier said, ‘The 11,000 plus victims around the country and the total amount of money that they have lost through this scheme is in excess of $300 million and nobody was doing anything about it. Now, they come to Calcasieu Parish and that's where we draw the line. We're not afraid to go after a complicated case. I think that it is a legitimate case of fraud."

“On December 8, 2004, Pennsylvania Attorney General Gerald J. Pappert filed against Peter J. Salzano, seeking civil penalties in the amount of $1,000 for each and every violation of the Consumer Protection Law, increased to $3,000 for each violation where the victim was age 60 or older.

“Peter J. Salzano filed bankruptcy on January 1, 2005.

“On September 11, 2006, the Federal Trade Commission filed charges against the Salzano's and won a stipulation judgment on October 17, 2007. The FTC won a default judgment of $181.7 million from NorVergence and a stipulated judgment keeping the Salzano’s out of related businesses and any assets up to $50 million owed to NorVergence's lessees. The judgment also seeks money from Salzano's wife and son for NorVergence money allegedly used to pay personal bills”

In January, 2013 the blow started up and here are some key excerpts, now made public because the blog is public:

“ It has now been something like 8 years since the NorV debacle and I'm wondering what the true end result is. I suspect most of us have settled somehow with the leasing companies and that, at least from a legal standpoint, everything is behind us. In my personal situation, the suit against me was settled long ago and is now history. But what about the rest of you? And what has happened to the Salzano brothers? Are they still being prosecuted in Louisiana? I truly think a lot of the bad guys made out like bandits, but not all of them! Some of the leasing companies went bankrupt and, of course, the recession of 2008 was really difficult for them. But did we ever get justice? I tend to doubt it.

“Personally, I have retired and am now living in sunny Florida. I learned a lot from the NorV scam. Not only is it far too easy to get away with lying and cheating, but the authorities seem to be far too powerless to protect honest businessmen. In any event, it's nice to be back and to say hello to so many of you!”


From Kit Menkin:

“The bankruptcy has not been completed...Salzano is still scheduled for trial in Louisiana.

“The officers are back working elsewhere, the brother in a similar company.

“Robert Fine is the latest story, back as a banker in NYC."

“Kit you are right, and thanks for the reporting over the years you did provide more than a few good tips ideas and information.

“We also had Preferred and were sued in Ohio somehow my name was listed personally and not my ‘Fromartz Law Offices’ on the lease.

“I was sued for $17,000 and we put in an answer and motion to dismiss for me pro-se and once Ohio Supreme trounced Preferred we never heard another word.

“We paid $278 to NorVergence on set up, received 5 sprint phones and all that equipment. From Preferred we received a $250 check and never paid another dime as none of the office services worked. I guess we kept the cell phones about three months before switching them out. They were very old smartphones even for the time.

“All in all we didn't get too burned.”

Bunji Fromartz

“Although I think most of us got out of this mess without paying a great deal of money this whole thing has left such a bad taste with me and every time somebody ever tries to sell me something I always think back to NorVergence and am much more skeptical as a result. It is a shame that such schemes go on and it is so hard for anything to be done about them. You know Kit, I don't know if you make enough money reporting to justify the effort but it is good that there are people like you who report on these things and hopefully it has helped bring awareness of these types of scams to the leasing industry and has helped prevent some from occurring.”


From Kit Menkin:

“There were many different rulings, not just by state, but by different courts, as each of the trials had their own ‘viewpoint’ regarding the responsibilities and legal issues.

“Most of the state's AG's were able to get the matter reduced from 85% to 95%, plus return on insurance and personal property taxes in certain states.  Many decided not to take this but to go on their own as they viewed it as an ‘injustice’ and not a ‘business decision’ of cutting their losses and time spent.

“Several banks also suffered, and failed, as well as several leasing companies either closed or sold to another leasing company or bank.

‘Similar to the Madoff Ponzi, they still exist, although NorVergence was one of the largest (not the largest, as there have been others with more people and more money lost).  Unfortunately, to some who lose their investment, it meant the loss of their retirement, their house, or money saved for kids college education.

“You can't blame the process, as they do the best they can with what
they can do...not everyone who goes through a red light is arrested
or fined.  Doesn't mean we shouldn't give up trying to prevent this...”

Stories regarding NorVergence

((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)


Letters?! We get eMail

(Mostly in Chronological Order)


Leasing Benefits from Business Tax Extenders
by Terry Winders, CLP
(Copy of 2013 Tax Law included)

“FYI - The new law includes extensions of the bonus depreciation and Section 179 provisions.

“Bonus depreciation – The 2012 Taxpayer Relief Act extends 50% first-year bonus depreciation so that it applies to qualified property acquired and placed in service before Jan. 1, 2014 (before Jan. 1, 2015 for certain longer-lived and transportation property). In general, an asset qualifies for the bonus depreciation allowance if it has a MACRS life of 20 years or less, or is computer software, qualified leasehold improvement property, or certain water utility property. The equipment’s original use must commence with the taxpayer. The law also extends the choice to forego bonus depreciation and claim credits instead.

“Section 179 – Retroactively effective for tax years beginning in 2012, the Act increases the maximum expensing amount under Code Sec. 179 from $139,000 to $500,000. Effective for tax years beginning in 2013, the Act increases the maximum expensing amount from $25,000 to $500,000. It also increases the investment-based phase-out amount for tax years beginning in 2012 or 2013 to $2,000,000. However, for tax years beginning after 2013, the maximum expensing amount is scheduled to drop to $25,000 and the investment-based phase-out amount is scheduled to drop to $200,000. These rules also apply to off the shelf software.

Shawn Halladay, Managing Director
The Alta Group


“It is a beautiful diamond in the rough of tax changes. Plus software was going to be excluded originally but is now back to being included.”

Keith Drayer
Henry Schein Financial Services



Leasing 102 by Mr. Terry Winders, CLP
Nonprofit vs. Municipal vs. Federal

“I'm writing to clarify some of the information presented in the Leasing 102 column "Nonprofit vs. Municipal vs. Federal".

“The first paragraph describing Municipal is not accurate with respect to the ‘Lessors margin is tax free if certain rules are adhered to". The reference to "essential use meaning the equipment is paid by tax revenues ....’ is also incorrect. Correctly stated, the information should read:

“Leases to state and local governments are called Municipal Leases or Tax-Exempt Leases, because when properly structured the Lessors federal income is exempt from taxation (in some cases also from state and local taxes). In order to qualify for tax-exempt financing, the Lessee must qualify under Section 103 of the Code, which states the entity must possess a "substantial amount of one of the sovereign powers" (police, tax or eminent domain). In order to comply with local statute, the lease generally must include a "non-appropriation" clause (also called a fiscal funding out clause), which allows the lessee to be compliant with long term debt restrictions. Because the non-appropriation clause allows the lessee the ability to cancel the contract at the end of their fiscal year, the lessor should be careful about underwriting only equipment essential to the lessee's charter (example - fire trucks, telephony, IT).

“My thoughts on the other information -

“Regarding the Non-Profit information, while these entities have "very defined budgets" they often enter in to standard loans or capital lease structures vs. the implication of solely operating lease structure. In fact, there is a provision in the tax code that provides certain 501c3 organizations to borrow at tax-exempt rates through a conduit issuer and these transactions are structured with a $1 out.

“Finally, with respect to Federal I would note that the structure of this transaction is really an assignment of rents. The Federal Acquisition Regulations or "FAR's" require a Federal Agency to contract directly with the vendor (known as the "Prime Contractor") and the Prime can assign its right to receive payments via the Assignment of Claims Act. As noted, these transactions should only be originated by organizations with knowledge of federal procurement regs., as the lender does not have a of contract directly with the entity making the payment.”


Chris Jones
Senior Vice President and Managing Director
U.S. Bancorp Government Leasing and Finance, Inc.

(Well--- I agree with his comments; however, I do not see where my information is any different than what he said. His is more detailed but it represents transactions on the fringe and not the main stream done by most lessors...Terry)



“Jan 4th?

“I do appreciate your content also. Keep up the good work.”

bob southwell

(Thank you. Always appreciate readers pointing out our typo's, such as the wrong date on the issue. It was corrected, and appreciate you letting us know. And thank you for your encouragement, too. Editor)


“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

(Sometimes service providers will block the Constant Contact email, but do not notify the sender. I will add you back on, and if you don't get the email, let me know. Leasing News is also posted normally every Monday-Wednesday-Friday at Editor)


“Thanks Kit – we appreciate your newsletter.”

Andrew A. Bender

GSG Leasing
45 Main Street, Suite 537
Brooklyn, NY 11201


(Jim Swander with Mohamed Ashan visiting him from
Quail Capital, Southern California, USA)

“Birthday wishes from afar! Hope you have a great 2013 and many more to follow. Say hi to all my leasing friends.

“Still in Phnom Penh and enjoying helping the development over here.”

Take care,

James E. (Jim) Swander
Phnom Penh, Cambodia
Mobile: +855 (15) 772 750
Skype: jimswander cid:image001.jpg@01CAE224.E6907F90
Skype In: +1 (760) 201 0033 (USA)


“I was the recent winner of a brand new Apple iPad from Channel Partners and it arrived about a week ago. I am so thrilled to have won this and want to give them a shout out of my gratitude. I have been wanting an iPad for quite some time and to receive this from Channel Partners was a real surprise.

“ had a great experience with Chanel Partners on a Working capital deal I had brought them. From start to finish, my representative, Adam Peterson, was so responsive and helpful. I look forward to doing another transaction with them. What a wonderful Christmas present to receive this iPad and I wish to thank them so much for this amazing gift.

“I hope they see even more business. I am actually in the middle of doing another deal with them.”

Rosanne Wilson, CLP, BPB
1st Independent Leasing, Inc.


The Lament of the Leasing Broker
by Barry S. Marks, Alabama Poet
(Up-dated by editor)

I particularly liked the graphic. I thought I had destroyed all my high school graduation photos.)

Barry Marks, Esq.

(Actually, I had chosen Alfred E. Neuman from Mad Magazine to represent a leasing broker. The poem was passed around with many positive comments by brokers. Also, I like your latest photo, Barry, you really are looking like the Alabama Poet! Editor)


Archives: December 24, 2008
Confirmed: Pentech/Navigator Winding Down

“But we are still alive and well.

“Happy Holidays”

Ben Millerbis
President & CEO
Pentech Financial Services, Inc.


“Please remove my ad (below) from the Leasing News. I have moved on to a new position which, unfortunately, is not in the leasing industry.

“Thanks so much for running it for so long. I did get a number of responses from it.

“Please know that I will continue to read the Leasing News. Keep up the great work!

“Merry Christmas! I hope 2013 will be a great year for all of us.”

Best Wishes,
Jim Burke

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

(Leasing News always asks permission to quote in “We get Letters.” Chose this as it was quite typical of many of those who left the industry in 2012, some like Jim Burke wanting to remain on the mailing list---others more bitter or “disappointed” may be a better word. Editor).



The History of the CLP Handbook”
by Robert Teichman, CLP

“Thanks for running my CLP history article again. I know the CLP Foundation appreciates the exposure (and all the support you give the program). And, no, I won't ask you again to take the test!

“Homans did a good job on the ELFA conference call, but it's what I expect from him. He is very smart, focused and detailed. It was a great experience working with him on the World Bank's Global Leasing Toolkit (as you know, I was the other co-author).

“Another year coming up. With both of us having birthdays in January, at least we'll get that out of the way quickly. I will hit a milestone in 2013; my 50th year in the leasing business. Maybe I should think about quitting; can't top that!

“I have to say that the highlight of my career was when you and the Advisory Board awarded me the Leasing Person of the Year. I can't tell you how much that meant to me. The award still holds pride of place in my home.

“I appreciate your friendship over all these years, at least 40, I think. Hard to believe you and I have been in the leasing business longer than some of your readers have been alive!

“So, my best wishes to you and the family for a happy and peaceful holiday, and a glorious New Year.”

Best, always,

Bob Teichman, CLP
Teichman Financial Training


“Thanks so much for keeping this site going… It’s helpful to all of us.

“And, Merry Christmas and Happy New Year to you and everyone on your team.”

Curt MacRae


“I must take a moment to thank you for your excellent columns in Leasing News. I find that in just a few paragraphs, you are able to make me aware of an issue, explain the dynamics of court decisions, and show me the way to conduct my business activities for the best possible outcome! Today’s column regarding fraudulent wire transfers was simply excellent information to know and understand, and I intend to share it with both business contacts and bankers alike!

“Please continue to write for our community, and thank you again for sharing your vast knowledge in such a way that is so easily understood."

Best Regards,
Linda Thomas


The Day that Albert Einstein Feared May Have Finally Arrived

“Isn’t that the truth.”

-Jim Buckles

“I like when you’re in a restaurant and every person at the table is on their phone.

“Yesterday I was at the airport in San Francisco and 4 of the 5 tables had no one talking. Sad.”

Shari Lipski

“At a Neil Young concert a few weeks ago I was blown away at the number of people staring at the concert through their phone. really?”

Theresa Kabot, CLP, BP

“My isn’t that the truth….I was just over at my brother’s house recently trying to have conversation with my 16 year niece. The entire time I was trying to talk to her she had her head down and was texting away to her friends. I stopped half way through the conversation and sent her a text while she was sitting next to me and she answered that. Her dad , my brother , told me that is practically the only way to communicate with her. Let alone what you see while you are driving. Its scares the heck out of me to see a person driving down the Street with their head down and …eyes not on the road. Yikes!! Back in my day...if my parents really wanted to put the clamps on me they would take away my car keys. Now it’s your phone or device of texting choice. Our ability to effectively communicate verbally is certainly being challenged…there is no question about that.”

Randy Haug
LeaseTeam, Inc.

“My kids are 35 and 32 and they text constantly.”

Ted Pawlikowski

“Last year I was watching he World Series and noticed 2 kids in the first row on their smartphones.

Einstein was a genius.”

Ken Greene

“Looks like my family at thanksgiving dinner.”

Rob Gellman

“Tell me about it!”

Larry Carre

(These are just a few of the ones received. Editor)




Leasing Icon Sudhir Amembal in Milan, Italy May 14-15

Amembal & Associates is pleased to announce that Mr. Sudhir Amembal will be teaching the company’s flagship seminar on operating leases in Milan, Italy.


Both mature and emerging markets are suffering from margin compression. This is primarily due to the fact that the finance lease is increasingly looked upon in the market place as a loan equivalent. Operating leases provide the customer with a host of benefits that finance leases do not; and, simultaneously allow the lessor to benefit from profit sources not found in finance leases.


Amembal & Associates is the world’s foremost authority in lease training, consultancy and publications. Mr. Sudhir Amembal, its CEO, has been at the helm of the company since he co-founded it in 1978.

With regards to training, over 70,000 leasing professionals have attended varied seminars/conferences held throughout the world; and, with regards to publications, the firm has authored and published 16 industry best-sellers.

In particular, having to do with operating leases, Mr. Amembal authored “A Complete Guide to Operating Leases”, the only publication of its kind. Mr. Amembal recently organized the first-ever conference solely dedicated to operating leases. This was held in November, 2012 – it was a sell-out! Based on feedback received, it was one of the best leasing conferences ever held.


The two day seminar is our most popular public seminar and is held only twice each year. Topics include:

• Why Operating Leases
• Unique Benefits to Lessees and Lessors
• Convincing Customers that Operating Leases are the Cheapest Mode of Acquisition
• Asset Life Cycle Management
• Off Balance Sheet Financing – Surviving the Forthcoming Changes
• Pricing Nuances
• Understanding and Managing Six Unique Risks
• Mitigating Residual Risk
• Varied Vendor Arrangements


• For those currently offering the product – your skills will definitely be fine-tuned!
• For those contemplating offering the product – you will learn how to!
• For those who have no desire to offer the product – you will learn what your competitors are doing!


For detailed brochure and registration form contact Kelly Farnham at


Send Leasing News to a Colleague. We are free!!!


Hurricane Sandy Animals Looking for a Home
Asbury Park, New Jersey

PRINCESS Princess is a 3-year-old Bull Mastiff who gives great kisses. She knows many commands and is well-behaved. She aims to please. She is an amazing dog. Ocean County Animal Facility-North 732-657-8086

Asbury Park Press

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

Adopt a Pet


Classified ads—Asset Management

Leasing Industry Outsourcing
(Providing Services and Products)

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

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

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

Asset Management: Monroe, NC
Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries.
Melinda Meier (704)288-1904 x103

Asset Management: Nationwide 
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.

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

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

  Asset Management: Orange City, FL
We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc. 
Eric R. Sanders 
Tel  386-789-9441
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to Asset Management
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Dennis P. Neumann (more information)

From Tuesday New York Times Obitiary:

"Our deepest sympathy on the loss of this wonderful man. ..."

- Diana Marek

Neumann--Dennis P. Loving husband of Robyn. Adored father of Chris and Courtney. Cherished grandfather of Sadie, Logan and Eleanor. Died suddenly Sunday, January 6, 2013. The family and friends will gather at Hoyt Funeral Home in New Canaan, CT Tuesday, January 8, 4-9pm. Funeral will be held at the United Methodist Church, Wednesday, January 9, 11am. He was an outstanding and greatly loved husband, father, grandfather, and friend. All will greatly miss his guidance, friendship, and laughter. In lieu of flowers, donations may be made to the Pastor's Emergency Fund for Those in Need, United Methodist Church at 156 South Ave., New Canaan CT 06840.

Monday Story


News Briefs----


BofA to sell service rights on $100 billion of mortgages

Two ex-HBOS bank managers charged in $56 mln loan fraud


Houlihan Lokey Latest to Buy an Investment Bank for Bankers

Google to bring free Wi-Fi to Chelsea, New York City

Microsoft: 60 Million Windows 8 Licenses Sold


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Thousands of snow geese give photographer quite a spectacle



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SparkPeople--Live Healthier and Longer

Are You Able to Interpret Food Labels? SparkPeople Nutrition Quiz




Sports Briefs----


Cowboys fire DC Rob Ryan

RG3 reportedly suffers torn LCL; surgeon says return for next season 'not the norm'

Phil Jackson doesn't intend to return




American Football Poem

American Football Poem

S.F. 49ers

Jane Griffin

Gold helmets shine in the sunlight. 
The jerseys are loose and the pants are tight. 
Those were the only things shining this year. 
After so many losses, there's no reason to cheer. 
That's what all thought but one loyal fan 
Because not matter what, I believe that they can. 
I know we could have won the Superbowl 
If our kicker was able to make a field goal. 
Many times when we could have won the game, 
Because of special teams, we left the field in shame. 
We'll have to wait until next season 
To be the ones doing the teasin'. 
The Superbowl will be our mission. 
After all it's 49ers tradition.



California Nuts Briefs---

Golden Gate Bridge prepares for future without toll-takers

In Jerry Brown's words: his first Capitol news conference of 2013


“Gimme that Wine”

California Wine Exports in 2013

“Missouri Viewpoints” – Missouri’s Wine Industry Grows Despite Drought

Aussie Wine Trends: 7 sub-regional recognition

Sweet Reds, Moscato, Malbec, Rosé Driving Off-Premise Wine Growth

Global warming causes big headache for winemakers

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History


   1776 - Propagandist Thomas Paine anonymously published "Common Sense," a scathing attack on King George III's reign over the colonies and a call for complete independence. In a land with a population of 2.5 million, 500,000 copies of Paine's stirring call for independence were sold within a few months, greatly affecting public sentiment and the deliberations of the Continental Congress leading up to the Declaration of Independence. He advocated an immediate declaration of independence from Britain. An instant bestseller in both the colonies and in Britain, Paine baldly stated that King George III was a tyrant and that Americans should shed any sentimental attachment to the monarchy    
    1788- by a vote of 128 to 40, Connecticut became the fifth state to ratify the US Constitution.
    1793- being invited to the United States by Benjamin Franklin , a Frenchman, Jean-Pierra Francois Blanchard, made the first manned free-balloon flight in America's history at Philadelphia, Pennsylvania, in 1793 on this day. The event was watched by President George Washington and many other high government officials. They hydrogen-filled balloon rose to a height of about 5,800 feet, traveled some 15 miles and landed 46 minutes later in New Jersey. Reportedly Blanchard had only one passenger on the flight-a little black dog (name unknown).
   1847--Yerba Buena's first newspaper, "The California Star," published its first issue on the press Sam Brannan brought with him from New York. Brannan was the publisher and Dr. E.B. Jones, editor. It is the first newspaper published in what is to become the City and County of San Francisco.
    1849 -In San Francisco, Henry M. Naglee and Richard H. Sinton formed a bank called the Exchange and Deposit Office on Kearny St. facing Portsmouth Plaza. Sinton was acting paymaster aboard the “Ohio" and came to San Francisco with Commodore Jones. 
    1859-Carrie Lane Chapman Catt, American women’s rights leader, founder (in 1919) of National League of Women Voters. Born at Ripon, WI, she died at New Rochelle, NY, Mar 9,1947.
    1861-Mississippi follows South Carolina in seceding from the Union when a state convention at Jackson ratifies an article of secession by a vote of 84 to 15. 
    1861- the American Civil War historically began when a detachment of Confederate forces at Morris Island, in Charleston Harbor, Charleston, SC, fired upon the Star of the West, a merchant steam vessel. The vessel had been chartered by the federal government to convey supplies and men to re­inforce Major Robert Anderson at Fort Sumter Charleston Harbor, although the announced des­tinations were Savannah, GA, and New Or­leans, LA. It left New York harbor January 5, 1861, and was fired on within two miles of Forts Sumter and Moultrie. Its captain, John McGowan, retired from the scene after 17 shots had been fired at his ship. The first shot was fired by Cadet George E. Haynesworth of Sum­ter, SC, who was ordered to fire by Major P.F. Stevens.
    1862 - Orders from the Navy Department appointed Flag Officer Farragut to command Western Gulf Blockading Squadron, flagship U.S.S. Hartford, then at Philadelphia. The bounds of the command extended from West Florida to the Rio Grande, but a far larger purpose than even the important function of blockade lay behind Farragut's appointment. Late in 1861 the administration had made a decision that would have fateful results on the war. The full list of senior officers in the Navy was reviewed for a commander for an enterprise of first importance---the capture of New Orleans, the South's "richest and most populous city," and the beginning of the drive of sea-based power up the Father of Waters to meet General Grant, who would soon move south behind the spearhead of the armored gunboats. On 21 December 1861, in Washington, Farragut had written his wife; ''Keep your lips closed, and burn my letters; for perfect silence is to be observed- the first injunction of the Secretary. I am to have a flag in the Gulf and the rest depends upon myself. Keep calm and silent. I shall sail in three weeks.'' Meanwhile, the tight blockade was causing grave concern in New Orleans. The Commercial Bulletin reported: ''The situation of this port makes it a matter of vast moment to the whole Confederate State that it should be opened to the commerce of the world within the least possible period ... We believe the blockading vessels of the enemy might have been driven away and kept away months ago, if the requisite energy had been put forth . . . The blockade has remained and the great port of New Orleans has been hermetically sealed. . ."
    1866- the Fisk School, to become known as Fisk University convened classes in Nashville, Tennessee. One of the first black colleges in the United States, alma mater of W.E.DuBois and others. The Fisk School, forerunner ofFisk University, convened classes for the first time on January 9, 1866, in former Union army barracks in Nashville, Tennessee. The school was named for General Clinton B. Fisk of the Tennessee Freedmen's Bureau who provided the facility. Fisk University, incorporated on August 22, 1867, is one of several historically black colleges founded with help from the American Missionary Association. The organization was formed in 1846 from three antislavery societies involved in the effort to colonize freed slaves overseas. Other schools founded by the AMA include Atlanta University, Hampton Institute (now HamptonUniversity), and University. The Fisk Jubilee Singers, organized in 1867, began touring the United States and Europe in 1871 to raise money for the university. Renowned for their discipline and high standards of musical performance, they brought international attention to traditional African-American sacred music. Jubilee Hall, the first permanent structure built in the South for the education of African Americans, was constructed with proceeds from the Singers' tours. During their first U.S. tour in 1871, the obscure Fisk Jubilee Singers followed the route of the old Underground Railroad and performed in churches and private homes. By 1872 the group, most of whom had been born into slavery, were presenting their artistry and a new body of music to the general public at Steinway Hall in Manhattan, President Grant at the White house, and Queen Victoria in England. sheet music of sons they sung:( lower half of )
    1873- in the foremost scandal of the day, Victoria Woodhull, publisher, was arrested for writing that renowned preacher Henry Ward Beecher had committed adultery. The postal authorities charged her with sending obscene literature through the mail. She was acquitted of the charge. What made the event more newsworthy is that Beecher was subsequently sued for alienation of affections by Theodore Tilton. The jury and the public found Dr. Beecher innocent but found Mrs. Tilton guilty.
   1875 - The temperature at Cheyenne, WY, dipped to an all-time record cold reading of -38 degrees. 
   1880 – Six feet (1.8 meters) of snow falls in Seattle in 5 days.
    1886- Ida Cohen Rosenthal, Russian-born American manufacturing executive, operated a small dress store in New York along with Ethel Bissett. To make their clothes hang better, the duo added tucks in front of the strips of cloth that were the brassieres of that time. The "cupped" bras became so popular that they organized the Maiden Form Brassiere company in 1923. ICR's mother ran a store in Europe to support the family because her father was a Hebrew scholar.
    1888 - Severe cold gripped much of the western U.S. At Portland OR the Columbia River was frozen for two weeks, and in southern California temperatures dipped below freezing in some of the citrus growing areas.
    1903- Frank Farrell and Bill Devery bought the one year old Baltimore Orioles franchise in the American League for $18,000 and moved the team to New York, changing their name to the New York Highlanders to compete with the New York Giants. They played at Hilltop Park. In 1913, the team was renamed New York Yankees. They played at Polo Grounds from 1913-1922. In 1923, the Yankees moved into Yankee Stadium in the Bronx, New York where they remain to this day except for a two year period from 1974-1975 when they played at Shea Stadium while Yankee Stadium was being remodeled.
    1913- Birthday of Richard Milhous Nixon; served as 36th vice president of the US (under President Dwight D. Eisenhower) Jan 20, 1953, to Jan 20, 1961. He was the 37th president of the US, serving Jan 20, 1969, to Aug 9,1974, when he resigned the presidency while under the threat of impeachment. First US president to resign that office. He was born at Yorba Linda, CA, and died at New York, NY, Apr 22, 1994.
    1914-The very famous singer/dancer/stripper Gypsy Rose Lee born Seattle, Wa
    1915-- Pancho Villa signs a treaty with the United States, halting border conflicts. 
    1920-Singer Betty Roche Wilmington, DE. With Savoy Sultans 1941-41, Duke Ellington
1943-44 ( first to sing “ Black, Brown and Beige.”
    1925-Birthday of actor Bob Denver, New Rochelle, NY
    1924 Ford Motor Co. stock is valued at nearly $1 billion. 
    1926-Birthday of guitarist Bucky Pizzarelli, Patterson, NJ
    1929 - In Nashville, Tennessee, the Seeing Eye, whose purpose was to train guide dogs for the blind, was incorporated.
    1931-Drummer Kenny Clark Birthday
    1931- Bassist Carson Smith born San Francisco CA
    1934-Birthday of Bryan Bartlett “ Bart” Starr, pro football hall of fame quarterback and former coach, Montgomery , Al.
    1935-actor Bob Denver born in New Rochelle, NY, best known for “Gilligan’s Island.”.
    1939- Producer Alfred Lion recorded boogie-woogie pianists Meade Lux Lewis and Albert Ammons at a session in New York. Lion pressed only a few copies for his friends, but demand for the records was so great that he made other recordings of Dixieland artists like Sidney Bechet. This was the beginning of Lion's famous Blue Note record label, for which practically every major jazz artist of the past 50 years has recorded at one time or another. Lion sold the label to Liberty-United Artists in 1966. He died in 1987.
    1939 -- Southern Tenant Farmers' Union lead Missouri Highway sit-down of 1,700 tenant families.
    1941-Birthday of folksinger Joan Baez, Staten Island, NY. Her politics and music have always been closely connected, and she was active in opposing the US military draft and American involvement in the Vietnam War. In March, 1968, she married David Harris, a former student leader at Stanford University who was facing a three-year prison term for draft resistance. Joan Baez played an important role in launching Bob Dylan's career, inviting him on stage during her concerts in the early '60s.
    1941 - Sammy Kaye and his orchestra recorded "Until Tomorrow" on Victor Records. This song became the sign-off melody for Kaye and other big bands.
    1944- rock guitarist Jimmy Page was born in London. He established his reputation as a session musician in London in the early '60s, and is rumored to have played the guitar solo on the Kinks' recording of "You Really Got Me." Page later joined the Yardbirds as bass guitarist, taking over the lead guitar role when Jeff Beck left the group. When the Yardbirds disbanded in 1968, Page formed Led Zeppelin with vocalist Robert Plant. Led Zeppelin is generally regarded as the first heavy metal rock group. 
    1945 - Gen. Douglas MacArthur and the American 6th Army land on the Lingayen Gulf of Luzon, another step in the capture of the Philippine Islands from the Japanese. The Japanese controlled the Philippines from May 1942, when the defeat of American forces led to General MacArthur's departure and Gen. Jonathan Wainwright's capture. But in October 1944, more than 100,000 American soldiers landed on Leyte Island to launch one of one of the bloodiest battles of the Pacific war-and herald the beginning of the end for Japan. Newsreels captured the event as MacArthur waded ashore at Leyte on October 20, returning to the Philippines as he had famously promised he would after the original defeat of American forces there. What the newsreels didn't capture were the 67 days it took to subdue the island, with the loss of more than 55,000 Japanese soldiers during the two months of battle and approximately 25,000 more soldiers killed in smaller-scale engagements necessary to fully clear the area of enemy troops. The U.S. forces lost about 3,500. The sea battle of Leyte Gulf was the same story. The loss of ships and sailors was horrendous for both sides. That battle also saw the introduction of the Japanese kamikaze suicide bombers. More than 5,000 kamikaze pilots died in this gulf battle, taking down 34 ships. But the Japanese were not able to prevent the loss of their biggest and best warships, which meant the virtual end of the Japanese Imperial Fleet. These American victories on land and sea at Leyte opened the door for the landing of more than 60,000 American troops on Luzon on January 9. Once again, cameras recorded MacArthur walking ashore, this time to greet cheering Filipinos. Although the American troops met little opposition when they landed, American warships were in for a new surprise: kamikaze boats. Japanese boats loaded with explosives and piloted by kamikaze personnel rammed the light cruiser Columbia and the battleship Mississippi, killing a total of 49 American crewmen. The initial ease of the American fighters' first week on land was explained when they discovered the intricate defensive network of caves and tunnels that the Japanese created on Luzon. The intention of the caves and tunnels was to draw the Americans inland, while allowing the Japanese to avoid the initial devastating bombardment of an invasion force. Once Americans reached them, the Japanese fought vigorously, convinced they were directing American strength away from the Japanese homeland. Despite their best efforts, the Japanese lost the battle for Luzon and eventually, the battle for control over all of the Philippines.
    1945 - The fleet carriers of Task Force 38 attack targets on Okinawa and Formosa in conjunction with US Army Air Force B-29 Superfortress bombers from bases in China. This is intended to give cover to the landings on Luzon. One Japanese destroyer is sunk along with seven other ships.
    1945--*CAREY, CHARLES F., JR. Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, 397th Infantry, 100th Infantry Division. Place and date: Rimling, France, 8-9 January 1945. Entered service at: Cheyenne, Wyo. Birth: Canadian, Okla. G.O. No.: 53, July 1945. Citation: He was in command of an antitank platoon when about 200 enemy infantrymen and 12 tanks attacked his battalion, overrunning part of its position. After losing his guns, T/Sgt. Carey, acting entirely on his own initiative, organized a patrol and rescued 2 of his squads from a threatened sector, evacuating those who had been wounded. He organized a second patrol and advanced against an enemy-held house from which vicious fire issued, preventing the free movement of our troops. Covered by fire from his patrol, he approached the house, killed 2 snipers with his rifle, and threw a grenade in the door. He entered alone and a few minutes later emerged with 16 prisoners. Acting on information he furnished, the American forces were able to capture an additional 41 Germans in adjacent houses. He assembled another patrol, and, under covering fire, moved to within a few yards of an enemy tank and damaged it with a rocket. As the crew attempted to leave their burning vehicle, he calmly shot them with his rifle, killing 3 and wounding a fourth. Early in the morning of 9 January, German infantry moved into the western part of the town and encircled a house in which T/Sgt. Carey had previously posted a squad. Four of the group escaped to the attic. By maneuvering an old staircase against the building, T/Sgt. Carey was able to rescue these men. Later that day, when attempting to reach an outpost, he was struck down by sniper fire. The fearless and aggressive leadership of T/Sgt. Carey, his courage in the face of heavy fire from superior enemy forces, provided an inspiring example for his comrades and materially helped his battalion to withstand the German onslaught. 
    1945—Top Hits
Don’t Fence Me In - Bing Crosby & The Andrews Sisters
There Goes that Song Again - Russ Morgan
I’m Making Believe - Ella Fitzgerald & The Ink Spots
I’m Wastin’ My Tears on You - Tex Ritter
    1950- Blues singer Buster Poindexter born Staten Island New York
    1951 - In New York City, the United Nations headquarters officially opened.
    1951-Birthday of Crystal Gayle ( Brenda Gayle Webb), born Paintsville, KY.
    1952 Jackie Robinson becomes the highest paid player in Brooklyn Dodger history. 
    1953---Top Hits
Why Don’t You Believe Me - Joni James
Don’t Let the Stars Get in Your Eyes - Perry Como
Glow Worm - The Mills Brothers
Don’t Let the Stars Get in Your Eyes - Skeets McDonald
    1953 - Starring Alan Young, Victor Mature, Jean Simmons, Maurice Evans, and Elsa Lanchester, the film Androcles and the Lion opened in United States theaters. Based on George Bernard Shaw's satirical comedy, it was the story of a Christian in ancient Rome who befriends a lion.
    1954 -87ºF (-66ºC), North Ice Station, Greenland (Greenland record)
    1956--A trio known as Buddy Holly and the Two-Tunes kick off a two week tour of the Southern United States, as a supporting act for George Jones and Hank Thompson. 
    1959 "Rawhide" premiered this day in 1959. My father Lawrence Menkin was the story editor. Supposedly he kept increasing Clint Eastwood's part because the ladies liked him, although Eric Fleming (1959-65) as trail boss Gil Favor wanted larger parts himself. After Favor left, the show continued with Eastwood as the ramrod and trail boss. My father was instrumental in hiring black actors for local and network shows, winning awards for this, and perhaps little know to television history, Raymond St. Jacques as Simon Blake was the first African-American regular on a television series
    1959---Dion and The Belmonts perform their newest recording, "Teenager in Love", on American Bandstand. The song will reach #5 in the US and #28 in the UK. 
    1961 Top Hits
Wonderland by Night - Bert Kaempfert
Exodus - Ferrante & Teicher
Will You Love Me Tomorrow - The Shirelles
North to Alaska - Johnny Horton
    1961 - "Rhinoceros", the play, opened on Broadway, starring Eli Wallach and Zero Mostel. 1976, C.W. McCall's recording of "Convoy" reached the top of the country music charts. Its success led to a long string of CB radio-related novelty records during the next year and a-half.
    1961-Orchestra leader Bert Kaempfert knocked Elvis Presley out of the number one spot on the US charts after six weeks, with a sleepy instrumental called "Wonderland By Night". 
    1961-Bob Newhart's comedy LP "The Button Down Mind Strikes Back!" topped the Billboard album chart, just as "The Button-Down Mind of Bob Newhart" did the previous year.
    1963-- A London jazz drummer named Charlie Watts leaves his old group, Alexis Korner's Blues Incorporated, to join a new band called The Rolling Stones.
    1964-The Temptations record "The Way You Do the Things You Do" for Detroit's Motown Records. The single will become The Temps' first Billboard Top 40 hit, peaking at #1
    1965-- The US-only album Beatles '65 shatters Billboard chart records by leaping all the way from #98 to #1 in one week
    1968- “ It Takes a Thief” premiered on TV. ABC’s adventure series starred Robert Wagner as Alexander Mundy, an unlikely thief who agrees to conduct secret government missions instead of serving out his prison term. Malachi Throne costarred as Noah Bain, chief of the SIA and Mundy’s employer. Fred Astaire sometimes made recurring cameo appearances as Mundy’s father.
    1969---Top Hits
I Heard It Through the Grapevine - Marvin Gaye
For Once in My Life - Stevie Wonder
I’m Gonna Make You Love Me - Diana Ross & The Supremes & The Temptations
Daddy Sang Bass - Johnny Cash
    1970- After 140 years of unofficial racial discrimination, the Mormons issued an official statement declaring that blacks were not yet to receive the priesthood "for reasons which we believe are known to God, but which He has not made fully known to man."
    1970--*PETERSEN, DANNY J. Medal of Honor
Rank and organization: Specialist Fourth Class, U.S. Army, Company B, 4th Battalion, 23d Infantry, 25th Infantry Division. Place and date: Tay Ninh Province, Republic of Vietnam, 9 January 1970. Entered service at: Kansas City, Mo. Born: 11 March 1949, Horton, Kans. Citation: Sp4c. Petersen distinguished himself while serving as an armored personnel carrier commander with Company B during a combat operation against a North Vietnamese Army Force estimated to be of battalion size. During the initial contact with the enemy, an armored personnel carrier was disabled and the crewmen were pinned down by the heavy onslaught of enemy small arms, automatic weapons and rocket-propelled grenade fire. Sp4c. Petersen immediately maneuvered his armored personnel carrier to a position between the disabled vehicle and the enemy. He placed suppressive fire on the enemy's well-fortified position, thereby enabling the crewmembers of the disabled personnel carrier to repair their vehicle. He then maneuvered his vehicle, while still under heavy hostile fire to within 10 feet of the enemy's defensive emplacement. After a period of intense fighting, his vehicle received a direct hit and the driver was wounded. With extraordinary courage and selfless disregard for his own safety, Sp4c. Petersen carried his wounded comrade 45 meters across the bullet-swept field to a secure area. He then voluntarily returned to his disabled armored personnel carrier to provide covering fire for both the other vehicles and the dismounted personnel of his platoon as they withdrew. Despite heavy fire from 3 sides, he remained with his disabled vehicle, alone and completely exposed. Sp4c. Petersen was standing on top of his vehicle, firing his weapon, when he was mortally wounded. His heroic and selfless actions prevented further loss of life in his platoon. Sp4c. Petersen's conspicuous gallantry and extraordinary heroism are in the highest traditions of the service and reflect great credit on him, his unit, and the U.S. Army. 
    1971-- Elvis is voted one of the Most Outstanding Young Men of the Year for 1970 by the national board of the Junior Chamber of Commerce (known as the Jaycees). It would become one of Presley's most treasured achievements, honoring as it does men who have made the most of America's "free enterprise" system. He will bring the award with him wherever he tours for the rest of his days.
    1977- The Oakland Raiders won Superbowl IX, 32-14, over the Minnesota Vikings. Oakland’s first Super Bowl triumph came in the Rose Bowl before a record crowd of 103,424. Raiders wide received Fred Bilennikoff was named the game’s Most Valuable Player.
    1977--Raiders Superbowl. Add at the end: The game is played before a record Super Bowl crowd plus 81 million television viewers, the largest audience ever to watch a sporting event. 
    1977---Top Hits
You Don’t Have to Be a Star (To Be in My Show) - Marilyn McCoo and Billy Davis, Jr.
You Make Me Feel Like Dancing - Leo Sayer
I Wish - Stevie Wonder
Broken Down in Tiny Pieces - Billy "Crash" Craddock
    1979-New Orleans basketball player Daryl Moreau set a high school record by converting his 126th free throw in a row, a streak that lasted a year. 1981 - The Hockey Hall of Fame's, Phil Esposito, said he was quitting hockey after the New York Rangers-Buffalo Sabres game; which seemed unending when both teams played to a 3-3 tie. Esposito then quit playing for the New York Rangers to become their General Manager and coach. In 1969, and 1974, when Phil Esposito played for the Boston Bruinswhen he won the Hart Memorial Trophy for Most Valuable Player in the NHL, and helped the Bruins to two Stanley Cup Championships in 1970 and 1972.
    1979-A fund-raising concert for UNICEF, the world hunger organization, was held in New York at the United Nations General Assembly. Performers included Rod Stewart, ABBA, The Bee Gees, Andy Gibb, Rita Coolidge, Olivia Newton-John, Earth, Wind and Fire, Kris Kristofferson, John Denver and others. The show raised about half a million dollars, but an album of the concert was a flop. 
    1981-'Elvis Presley Day' was declared in Alabama, Florida, Georgia, Illinois, Kansas, North and South Carolina, Pennsylvania and Virginia. 
    1984 - Television audiences got their first look at Clara Peller in the now-famous, annoying, and yet successful, "WHERE’S THE BEEF?",commercial for Wendy’s fast-food chain. Dave Thomas, the company's owner, spent $8 million on the ads as well as T-shirts, baseball caps, records, greeting cards and other items bearing the picture of the of Dave Thomas. The theme also became a political question about the economy.
    1985---Top Hits
Like a Virgin - Madonna
The Wild Boys - Duran Duran
Sea of Love - The Honeydrippers
Does Fort Worth Ever Cross Your Mind - George Strait
    1988 - A storm in the northeastern U.S. produced ten inches of snow at Boston MA, and 14 inches at Worcester MA. A winter storm in the northwestern U.S. produced a foot of snow in three hours at McCall ID.
    1990 - A third storm in four days hit the Pacific Northwest. Winds in Oregon gusted above 100 mph at Netarts and at Oceanside. Up to 8.16 inches of rain was reported around Seaside OR, and the total of 4.53 inches of rain at Astoria OR was a record for the date. Twelve cities in the western U.S. reported record high temperatures for the date. The high of 70 degrees at Cedar City UT was a record for January.
    1996- “3rd Rock from the Sun” premiere son TV. In this comedy a quarter of space aliens who had taken on human form came to Earth to spy on its natives. They were led by Dick Solomon, played by John Lithgow, who fell in love with earthling g Mary Albright, played by Jane Curtin. Other cast members included Kristen Johnson, Frenchy Steward and Joseph Gordon-Leviett. On May 22, 2001, Commander Solomon was ordered to conclude the mission and bring his crew home. Thought it won a slew of Emmys, NBC bounced the series around to more than a dozen timeslots, damaging the ratings, and finally pulled the show after six seasons.
    1996-Sun Microsystems announced the formation of JavaSoft, a business unit to develop and promote its Java programming language on this day in 1996. Former Delphi Internet Services Corporation president Alan Baratz was named president of the new unit. Microsoft later came to see Java as a powerful threat to its operating system and became embroiled in disagreements with Sun.
    1997- Jazz musician Lionel Hampton was presented with the National Medal of the Arts by President Bill Clinton at a White House ceremony. The presentation took place two days after the 88-year-old Hampton lost most of his possessions in a fire at his New York apartment 
    2005-- Carlos Beltran (.267, 38, 104) becomes the tenth $100 million player in major league history as the 27-year old native of Puerto Rico agrees to seven-year deal for $119 million with the Mets. The five-tool outfielder, who had his market value increase in the post season by helping the Astros come within a win of their first World Series appearance in franchise history, goes to New York after Houston refuses to include a no-trade clause in their very attractive monetary offer to keep him on the club.

Superbowl Champions This Date

    1977 Oakland Raiders



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