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Tustin, California

Min. 3 year equipment/vehicle leasing or finance industry experience, bachelors degree or higher, primary concentration on financing semi-trucks and trailers competitive salary commensurate with experience. Please click here for more information


Wednesday, January 15, 2014

(49er Frank Gore)

Today's Equipment Leasing Headlines

Archives---January 15, 2002
Kit and Sue at Lambeau Field, Green Bay, Wis.

Classified Ads---Asset Management

Element Financial Expects to Originate $3.8 billion
in Organic New Business in 2014

Channel Partners Last 20 Funded Deals

Check Your Internet Speed Connection---Why

Classified Ads---Help Wanted

Involuntary Bankruptcies for Dummies
By Tom McCurnin

Funding Inspection Services joins
Site Inspection Services List

Letters from Readers? We get eMail---

The Shrinking Role Of Unions Will Keep Corporate
Profit Margins Nice And Fat
by Sam Ro, Business Insider

Top 10 Equipment Acquisition Trends for 2014
Economic improvement will drive capital spending this year

Classified ads—

White German Shepherd Mix
Green Bay, Wisconsin Adopt-a-Dog

News Briefs---
 Wells Fargo overtakes JPMorgan as nation's most profitable bank
  17 Hottest Trends That Will Drive Banking in 2014
   Equus unveils Detroit’s newest muscle car — all $250,000 of it
    Amid focus on lighter cars and fuel efficiency, big performance vehicles      steal the show

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)

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Archives---January 15, 2002
Kit and Sue at Lambeau Field, Green Bay, Wis.

(2013, Candlestick Park)

2002, January 15, 2002

Lambeau Field, Green Bay, was a lot of fun, except the 49ers did not win. The people are extremely friendly, helpful, and very nice. All the Packer fans where we were tailgating near offered us food, beer, bloody Mary’s, help, and were very glad to see us. We made many friends: People who will visit us at Candlestick next season.

And these Packers know how to tailgate, believe me!!!

We had dinner the night before at Bret Favre’s Steakhouse, met some Packer players, Favre really eats here, and after winning a game, has a dinner for his teammates, which is the talk of the fans. Dinner is a two hour wait unless you get there at 4:30pm or 5pm as we did, and only had a 45 minute wait (so met many people in the bar). Had a booth. Food was fantastic. More than you can eat. Great service; outstanding. And I ordered Duckhorn Merlot from the menu, so I was very, very happy with my Prime Rib Bret Favre cut. This is a great restaurant.

I would recommend staying at the Hilton next door, as it looked more convenient, although we liked the Regency downtown. Most of the people on the plane were Packer fans flying in from the Bay Area (they come from all over the United States, not just Green Bay).

In our section, the 50 yard, eleven rows up from the 49er bench, we were the only Niners around. In fact, when I walked into the stadium wearing my 2002 NFC West white cap with pins and 49er red/black leather jacket, Mariucci waived back to me from the field (we were the only 49ers on this side and it was pre-game that he saw us walking down the aisle to our wooden bench seats).

It snowed the day before and on the way back we had to have the plane de-iced, but the day was relatively warm. Also they serve beer in large mouth plastic bottles through the game to your seat. And they tailgate afterwards, as we were leaving, everyone wanted to give us condolences and invited us to stop and have a drink or eat some food. Several “made” us stop and enjoy their tailgate.

The great small town atmosphere was everywhere. What a great group of people who live in Wisconsin and the surrounding area!

Kit Menkin, editor


(Note: Still Wearing White 1st NFC West 2002 49er Cap)

A lot different than Seattle, where they won't sell tickets to residents of California for Sunday's game. Maybe it will be good we won’t be there. Maybe this time we will win.




Classified Ads---Asset Management

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

Portland, Oregon
"I am seeking full time position utilizing my vehicle and truck asset management skills and experience. I have been deemed by past employers as an excellent problem solver, high integrity, process developer followed by attention to detail." Del Snode. Resume

Free Posting for those seeking employment in Leasing:

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

Element Financial Expects to Originate $3.8 billion
in Organic New Business in 2014

Element Financial Corporation announced that it expects to organically originate more than $3.8 billion of new equipment loans and leases during 2014 across the Company’s five North American market verticals. This represents an increase of 80% over the $2.1 billion Element estimates it originated in 2013.

In the Company’s Commercial and Vendor Finance verticals, Element expects to originate approximately $1,188 million in new loans and leases in 2014 versus the $987 million estimated for 2013.

In the Aviation Finance vertical, the Company expects to increase its 2014 volume by 41% to $870 million versus the $654 million estimated for 2013.

In the Fleet Management vertical, the Company expects to grow its new business volume to $474 million in 2014 versus the $418 million estimated for 2013 which includes annualized volumes from the GE Capital Canadian fleet portfolio acquired in late June of that year.

Element’s new Railcar Finance vertical is expected to originate $1,350 million of new business in 2014 following the inauguration of the Company’s vendor alliance with Trinity Industries in December of last year when Element acquired an initial $102 million portfolio of railcar finance assets.

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




Check Your Internet Speed Connection---Why
by Kit Menkin

There are many free programs that check your internet speed. It is a very good idea to do often to learn the wired and wireless speed of the computer or device you are using.

First, you learn if you are getting the speed you are paying for. It is important to understand that higher usage (Peak Times) of those in your "node" will slow down your speed. Thus if at a hotel and you are paying for premium, you may not be receiving it and the only way to find out and have internet provider improve your speed is to check the actual speed you are receiving. I always do this when traveling as I have found the provider's techs always try to be helpful.

A side benefit, if you are using the network connection at home, you may learn the better peak times during weeknights and weekdays.

Second, you learn the difference of wireless speed connections, especially realizing you can change your wireless signal provider, depending on your location. You also can get your internet provider to increase your speed by realizing what you are receiving.

Third, you can consider if it is time to improve your connection speed by going to the next tier or considering moving to a new provider.

Fourth, it may not be the carrier that is slowing down the speed, but the settings on your computer or hand held device. Often an IT person can discover and correct these settings, which can be other programs running, actual drive connections, or a hardware such as modem or route or processor or another software problem or improvement.

Consulting a professional may be very beneficial for faster connections, better graphics, as well as better overall performance. This can be done at a computer store, your location, and there are "on line" services who can do this remotely.

I recommend:

There are many free programs to check speed. Many will give you the connection location to choose. I always choose the closest. I think that gives you the true numbers. The further the location, the slower the connection will be. Remember this, so you don't compare going to San Francisco time as the same time as going to Denver or Chicago. Also, when speaking to the internet provider tech, you know the speed and city, so it is not just an opinion, it is a fact.

The main thing is by testing your speed often you were learn more about how to improve your computer or hand held device performance.


Leasing Industry Help Wanted


Senior Account Manager
Tustin, California

Min. 3 year equipment/vehicle leasing or finance industry experience, bachelors degree or higher, primary concentration on financing semi-trucks and trailers competitive salary commensurate with experience. Please click here for more information


Equipment Asset Manager
Los Angeles, California

Experience in heavy equipment required, ideal Class 8 trucks. Salary commensurate, performance bonus.
Call Shervin Rashti direct: 213-599-7660 or
send resume
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions


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

Please see our Job Wanted section for possible new employees. 


Involuntary Bankruptcies for Dummies
By Tom McCurnin
Leasing News Legal News Editor

The Real Reason to File an Involuntary Bankruptcy, you dummy, is
Not to Stop Financial Miscreants, but to Pick and Choose the Remedy Carefully

Grail Knight

Grail Knight
: “But choose wisely, for while the true Grail will bring you life, the false Grail will take it from you.”

Walter Donovan: Enjoy this Mr. Brody. You're about to witness the best discoveries in the history of mankind.

Marcus Brody: You're meddling with powers you can't possibly comprehend.

* * *

Grail Knight (Watching Walter Donovan melt away in death)

Indiana Jones and the Last Crusade (1989)

A couple times a year, I’ll get in a discussion with a loan adjustment or collections professional and the topic of involuntary bankruptcies comes up. Usually the idea floated is to put the debtor in bankruptcy and this will teach him a lesson to mess with the particular creditor. Like the Grail Knight in the Indiana Jones movie, I have to remind my colleague to choose wisely because while an involuntary may supply an enormous shortcut in collection efforts, the wrong choice can be a disaster.

How to File an Involuntary Bankruptcy. Bankruptcy Code § 303.

The Code specifies the minimum number of creditors and amount of their claims to file a bankruptcy. If the debtor has 12 or more creditors, an involuntary bankruptcy may only be filed by (a) three or more creditors whose claims are not contingent as to liability or subject to a bona fide dispute, and (b) those qualifying claims must total at least $14,425

In addition, the Code requires that the petitioning creditors prove the fact that the debtor is generally not paying its debts as they become due unless those debts are subject to a bona fide dispute as to liability or amount, or has had a custodian appointed within the past 120 days to take possession or control of substantially all of its assets.

The debtor may contest an involuntary petition, and the process involves filing an answer or a motion to dismiss.

Litigation over whether the above requirements have been met will involve pleadings, document and deposition discovery, status conferences, motions for summary judgment, and/or an evidentiary hearing or even a trial.

If the bankruptcy judge rules in favor of the petitioning creditors, an "order for relief" is filed and the debtor is officially placed into bankruptcy status. At that point, the debtor is subject to the bankruptcy supervision.

If the Creditor Loses, What Are the Risks?

But if the petitioning creditors fail to prove their case, the consequences of failing are serious. The petitioning creditors can be liable for costs and attorney's fees of the company. In addition, if the judge determines that the involuntary petition was filed in bad faith, the petitioning creditors can be liable for damages both compensatory and even punitive damages.

What Are the Considerations That the Creditor Should Think About Before Filing an Involuntary Bankruptcy

Given the potential blowback, a creditor considering an involuntary bankruptcy needs to slow down and give long, slow consideration to the consequences of tiling the petition.

Can the creditor obtain the cooperation of other creditors? The process is expensive, so the petitioning creditors really need a sizeable reason to file an involuntary. Often the lead creditor provides indemnifications to the other creditors with less of a stake in the litigation, but exponentially increases the lead creditor’s risk.

Can the creditor prove insolvency? While some creditor’s counsel think it’s all about simply proving the debtor is not paying its bills, but that issue can be defeated if the bills are subject to a bona fide dispute, which is not all that difficult for the debtor to prove. In short, the petitioning creditor better have an iron clad case.

Are the circumstances so egregious as to warrant an involuntary petition? Involuntary bankruptcy is most often used when unsecured creditors suspect fraud on the part of a company, such as when a Ponzi scheme is discovered, or for some other extraordinary reason. The filing of the involuntary bankruptcy also stops the clock, allowing the avoidance of: insider transfers made within 2 years prior to filing, fraudulent transfers made within 1 year prior to filing under the Federal Code, and other fraudulent transfers made up to 4 to 7 years under certain state Codes. Finally, it also stops the clock on non-insider preferences made within 90 days prior to filing.

The bottom line is that involuntary bankruptcies are a rarely used creditor’s weapon which is fraught with risk. Prior to filing any involuntary bankruptcy, the matter should be thoroughly thought through whether the creditor may prevail in the action and whether the huge risks outweigh the potential upside for the creditor.

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at

Previous Tom McCurnin Articles:



Joins “Site Inspection Services” List

Company Name
Year Founded
Employees or Ind. Contractors
Funding Inspection Services, LLC
Ron Carelli, VP sales & Marketing
Pre-Funding and Post-Funding Equipment Inspections, Business Verifications, Equipment & Site Inspections, Merchant Verifications, Commercial Collections, Auctions, Appraisal, Remarketing/Sales

Site Inspection Services List


Letters from Readers? We get eMail---
(Mostly in Chronological Order)


Leasing News Person of the Year 2013
Bernard D. Boettigheimer, CLP

Reaction from Readers:

"Bernie is a great choice for 'Person of the Year'. He was one of the first to hold up his hand to help when we moved into full service leasing from the automotive side and I consider him my friend and mentor.

“Congrats Bernie!"

Bob Underwood
Specialty Funding Group

"The last time I saw Bernie was at his retirement party in 2006. I knew he would not be content with life as a retired person. Congratulations on being named Leasing News Person of the Year. It is well deserved to a seasoned veteran who has always been a leader in the industry from my early days in Dallas as part of Mercantile Funding. I moved to Lady Lake / Villages ,FL in Sept. 2006.and have enjoyed keeping active in the industry through my virtual office. The technology is great when it works. I do miss Dallas and vibrant community but do visit regularly to see my daughter and her family as well as spend some time at the office."

Frank Frontario, V.P.
North Texas Credit / Banclease

Price 2012 / Price 2014

Fugitive Banker Accused of Faking Own Death
Found Alive, Now Arrested!

"Regarding Aubrey Lee Price. This guy has ruined both the lives of many bank customers and employees and deserves everything he gets. What is amazing, though, is that he belongs in the World’s Most Stupid Criminals book. He embezzles about $17 million and then moves ONLY TWO HOURS AWAY? Sure he did a good job on changing his appearance to look like the scumbag he is, but still, didn't he think anyone might recognize him? No, I guess he didn’t. But the dumber of the dumb is that he goes back to renew his auto registration. “Hey, excuse me, but I don’t want to be recognized by my face, only by my paper trail.” Commits suicide then drives his own car around town? Is that gall or stupidity? Or both!

“It just proves once again that even though some criminals may be clever, or even geniuses, basically greed trumps smart and the result is stupid.

"Keep doing the great job you’re doing, Kit."

Hal T. Horowitz
Financial Pro Solutions

Let Me Know How You See 2014
--Readers Respond

"2013 was my best year since 2008....I expect more of the same in 2014....."

Joe Melican

"2014 is the best of the new start to a new venue, make the best of it, hit it hard and stand behind each word you utter."

Robert Sanders

Dee DiBenedictis

“I have launched a new ‘al la carte’ services menu and a revamped website on January 1st to better serve the smaller broker community that a monthly retainer does not fit.

“I am aware that the economy is still tough for all small business owners, including lease brokers, so I have introduced a per transaction for credit processing and packaging or document package preparation. Please tell your readers about it.”

Dee DiBenedictis
Helping Lease Brokers Get More Done!
voice 386.479.9065 fax 386.845.0235
Skype ID LeaseBrokerAssistant
Yahoo ID Lease BrokerAssistant

"Starting in 1982, Dee earned promotions to manager of every major department of Denrich Leasing, the company that virtually invented third-party equipment leasing. As Manager of Collections, Credit, Documentation and Funding, she supervised and trained dozens of leasing professionals, many of whom are still in the industry today. By the time Denrich was sold to AT&T Capital, Dee was Vice President of Marketing and a nationally known industry expert."

Tom Martin

"It's time to take me off your mailing list.

"I am retiring.

"You have been a great source of information over the years. I have enjoyed reading it daily."

Tom Martin
CFI Financial Services
Wyckoff, NJ 07481

(Mr. Martin has been on the marketing side of middle market leasing since the early 1970s. He has recruited, trained and managed new account sales forces dedicated to lease origination. He has packaged and marketed new lease structures for Fortune 1000 companies. He has raised debt and equity for CFI and for other lessors. Often, he has been a speaker to leasing associations and has written many articles on leasing. He has served on the Board of Directors of the Computer Dealers and Lessors Association (CDLA) and of the Equipment Leasing and Finance Association (ELFA). Mr. Martin has a BBA from the University of Texas. He was a Special Forces instructor in the U.S. Army.)

"I got a lot of calls and inquiries from your posting – I really appreciated the help!

"Thanks for all of your help allowing me to post in the classifieds.

“Kit I have secured a position with Commerce Bank and was hoping you could please remove me from the classifieds."

Joe Friedling

(Joe Fielding named vice president- Account Executive at Commerce Bank, San Luis Obispo, California. Previously he was an equipment finance broker (September, 2013-December, 2013); business banking officer, US Bank (July, 2012-August, 2013); equipment finance professional (PEC USA, Inc. (February, 2002-July, 2012); graphics business development, CitiCapital (formerly Copelco Capital) (1999-2002). Education: The College of New Jersey fka Trenton State College BS MET, Mechanical Engineering (1979 – 1983): Activities and Societies: ZBT Fraternity.

Leasing Industry Job Postings and Classified

"I also wanted to tell you – you need to notify they should have their names on their “posting” and they need to check their spam / bulk / trash folders for responses "I have emailed numerous times various candidates that have posted their qualifications – and never heard response – and email is the only way they indicate to get a hold of them …

"MANY do not realize that many email addresses e.g. Gmail, yahoo – automatically put emails in spam / bulk / trash or junk folders"

Emily Fitzgerald
Senior Executive Recruiter & Career consultant
Columnist for Career Crossroads


“Thank you for your continued announcements as to animals across the country that are in need of adoption from local shelters. Hopefully many of your readers within the equipment leasing industry have taken note of the plight of shelter animals and have either adopted or become volunteers for local animal rescue groups. Either way, if only one dog or cat was saved from a shelter and found a new loving home, your efforts have been successful.”

Richard Abrams
Eagle One Financial Corporation

Hope is a Tattered Flag
by Carl Sandgurg

“ I should not be stopping to read poems but sure am glad I did today in Leasing News…

“Great choice by Carl Sandburg, one of my favorites.

“Thank you!” – Tree

Theresa Kabot, CLP, BPB
K2 Funding
Kabot Commercial Leasing LLC

“I have followed the Leasing Newsletter through several companies. Although I am still in the commercial funding arena, factoring, I still take the time to read the newsletter. First to keep up with industry news and information, but also it is interesting to read articles from former colleagues and contacts.

“Keep it up it is both informative and interesting from industry news, to movie reviews, to today in history.”

Stephen Whitney
Paragon Financial Group

“My name is Jason Muehlheausler. I have been working for King Commercial as a leasing consultant for about a year now. We are based in the St. Louis area. I just wanted to drop you a line. I have been reading your articles from leasing news and your advice in the lease connection group we are a part of and I have to say I find it very valuable and helpful! Thanks for taking the time to help educate and offer your advice in our field. I'm a young guy (25) pretty much starting out in the field and trying to grow professionally and the information you provide is leading me on the correct path.

“Thanks again.”




The Shrinking Role Of Unions Will Keep Corporate
Profit Margins Nice And Fat
by Sam Ro, Business Insider

Corporate profit margins are at record highs.

Goldman Sachs is among the Wall Street firms that believes this is the result of a long-term structural change, not some short-term cyclical fluke.

"One of the underpinnings of our view of equities over the last several years has been that the current level of margins is sustainable and likely to stay well above the levels seen in the 1970s through the 1980s," they wrote in a new report to private wealth clients.

Here's the basis thesis: Labor market slack and technological improvements will keep wage cost growth contained, deleveraging will limit the impact of higher interest rates, and increasing overseas exposure will keep overall taxes and operating costs low.

Many experts note that margins are at all-time highs as labor's share of national income is at historic lows. And many of those experts believe that the squeeze on America's workers can't go on forever.

But this is not to say workers will get their compensation levels back to historic averages. Here's Goldman explaining one of the reasons why:

As shown in the chart above, union workers have accounted for a declining share of US wage and salary workers. The share of union workers peaked at 35% in 1954 and has declined fairly steadily to a post-WWII low of 11%. The shrinking role of unions in the workforce may well have been the initial impetus behind labor’s declining share of national income, but other forces have contributed. China’s entry into the World Trade Organization (WTO) clearly squeezed US manufacturing workers, who were, in effect, displaced by cheap labor. And, finally, globalization and outsourcing beyond China put some additional downward pressure on wages. These trends will not be reversed any time soon, as discussed in greater detail by our colleague, Jan Hatzius, chief economist at Goldman Sachs, in a 2012 report Corporate Profits—A Bigger Slice of the Pie.

Workers may have some leverage when negotiating their pay. But not as much leverage as they did when they had unions backing them up.


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

Top 10 Equipment Acquisition Trends for 2014 Economic
improvement will drive capital spending this year


The Equipment Leasing and Finance Association (ELFA) which represents the $827 billion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2014. Given U.S. businesses, nonprofits and government agencies will spend in excess of $1.5 trillion in capital goods or fixed business investment (including software) this year, financing more than half of those assets, these trends impact a significant portion of the U.S. economy. Businesses will need to consider a dynamic environment of economic growth, wider credit availability, and favorable interest rates in their equipment acquisition decision-making.

ELFA President and CEO William G. Sutton, CAE, said, “For a majority of U.S. businesses, equipment financing is a critical source of funding, helping them to acquire the equipment they need to operate and grow. Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. To assist businesses in planning their acquisition strategies, we have distilled recent research data, including the Equipment Leasing & Finance Foundation’s 2014 Equipment Leasing & Finance U.S. Economic Outlook Report, industry participants’ expertise and member input from ELFA meetings and conferences to provide our best insight for the Top 10 Equipment Acquisition Trends for 2014.”

ELFA forecasts the following Top 10 Equipment
Acquisition Trends for 2014:

1. Investment in equipment and software will reach an all-time high in 2014. As the U.S. economy and underlying economic fundamentals, including GDP, continue to improve, business investment is forecast to reach a record $1.5 trillion in 2014.

2. Equipment replacement demand will continue to drive investment. Stronger economic growth will boost businesses confidence and appetite for capital expenditures, but overall, equipment already in place can be used at a higher capacity. Until businesses find they need to expand their capacity to meet operational demands, their equipment investment will be in replacing existing aging or obsolete equipment.

3. Demand for equipment financing will increase due to greater stability in the federal budgeting process. Businesses will enjoy a greater level of comfort than they have in recent years to make their equipment acquisition decisions for 2014. The two-year budget agreement passed by Congress reduces fiscal pressures and lessens the chance of a potential government shutdown, while a rising tide of economic growth will lift all boats. As equipment acquisitions increase, so will businesses demand to finance them.

4. The global economy will play a part in the big picture impacting businesses’ equipment acquisition decisions. The lack of long-term breakout growth and expansion in equipment acquisition has some of its causes beyond U.S. shores. External factors like the stagnant Eurozone, foreign oil prices and the cooling of a hot Chinese economy, which have combined to impede growth, will continue in 2014.

5. Rebounding of some industry sectors will spur varied equipment types. Growth in investment is forecast for numerous equipment types, some of which will be the result of increased activity in the housing and energy sectors. The rebounding housing industry will have spillover effects on equipment verticals, including construction as well as trucking and rail transportation to ship homebuilding supplies. Manufacturers plans for billions of dollars in investments to take advantage of cheap, rapidly expanding U.S. supplies of oil and natural gas will expand production capacity for energy and downstream products, such as petrochemicals and plastics, and increase demand for industrial equipment.

6. A majority of U.S. businesses will use some form of financing for equipment acquisition. In 2014, investment in plant, equipment and software in the United States is projected to reach $1.5 trillion, of which 57 percent ($860 billion) is expected to be financed through loans, leases and lines of credit, a slight uptick from 55 percent in 2013. In a continuing trend, seven out of 10 businesses will use at least one form of financing to acquire equipment.

7. Credit market conditions will remain favorable for long-term equipment financing. In a continuing trend from last year, businesses will generally find an increasing credit supply as they consider equipment acquisitions.

8. A low short-term interest rate environment will continue, while long-term rates will rise but remain below the historical average. Businesses that want to conserve cash and take advantage of the many other benefits of financing their equipment acquisitions can look forward to the prospect of continued low short-term interest rates until 2015. Although the Federal Reserve’s policy agenda for 2014 will likely result in a rise in long-term interest rates, inducing some companies to lock in lower rates, they will remain low enough by historical standards to keep financing an attractive option for acquiring equipment.

9. Technology innovations will continue to improve the customer experience. While demand for software and technology equipment is expected to remain strong, equipment finance companies will use technology to optimize their delivery and fulfillment systems around customer service. They will meet a growing demand for cloud and mobile technology as well as access to real-time company data and business intelligence.

10. Long-awaited changes to the lease accounting standard will continue to be debated. A new draft of proposed lease accounting changes issued by the Financial Accounting Standards Board and the International Accounting Standards Board issued in 2013 generated substantial opposition for being too burdensome and complex. As a result, the Boards will continue re-deliberations into 2014 and will conduct additional meetings to address concerns before changes are adopted.

More Information
For businesses that want to learn more about how they can incorporate equipment financing into their business strategies, and for informational resources about equipment financing, including a digital toolkit and Infographic, go to

For forecast data regarding equipment investment and capital spending in the United States, see the Equipment Leasing & Finance Foundations 2014 Equipment Leasing & Finance U.S. Economic Outlook at

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $827 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit

Follow ELFA:
Twitter: @ELFAonline

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

((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)


Classified ads—

Operations: Houston, TX
Silverlake Inspections LLC is an independent contracting company for real estate and equipment verification with pictures. 
Operations: Portland , OR
Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. 800-547-4905
Operations: Roseburg, OR 
Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury
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Repossessions: Southern California (except San Diego).
Full service repossession agency. All vehicles, big rigs, boats, heavy equipment and machinery. Licensed and insured 818-786-7376.
Repossessions: Canada 
Cease Bailiff Services Incorporated:
Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security
Asset Liquidations/Sales; Ottawa, Canada;
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Fax 613 225 2452

Remarketing: Los Angeles, CA
Video, Audio, Film, Computer, IT, Test, Presentation Equipment
We pay cash / 3 million in buying power /Quick Quotes
UBG 800-570-5224

Portsmouth, NH
Six Sigma Processes. Unique Approach. Pride. Professionalism. Skip tracing, legal, storage, logistics. lowest cost, industry leading recovery rates/amounts. 855.EENGINE
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Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna 516-229-1968
South East US- AllState Asset Management 
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services. 
Call Brian @ 704-671-2376

All kinds of vehicles, equipment and machinery. Anywhere in the United States. Anything, Anywhere, Professionally 

Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket.

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:


Equipment Asset Manager
Los Angeles, California

Experience in heavy equipment required, ideal Class 8 trucks. Salary commensurate, performance bonus.
Call Shervin Rashti direct: 213-599-7660 or
send resume
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions



White German Shepherd Mix
Green Bay, Wisconsin Adopt-a-Dog


"Hi! I’m CiCi! I am a 4½ month old pup who LOVES to be the center of attention. My sweet momma was an out and about for quite some time, but luckily the nice people at White Paws German Shepherd Rescue were able to get their hands on her the day before she had us pups! Mom is a beautiful White German Shepherd and Dad was a very handsome something or other. My people think he may have been a Lab. Whatever he was, I know that I got the best of both of them. Take a look at me and I am sure you would agree.

"Let me tell you a little about myself. I LOVE kids! I have 2 at home, a 6 and an 8 year old. I love to play and snuggle with them. I am very gentle when they give me treats and I love when they take me for walks. I pull a little bit because I am so excited but I get better at walking on a leash every time we go somewhere.

"I also LOVE other dogs. I have some foster sisters and a foster brother at home with me right now. I happily share my food or water dish, and my toys with them. I even sleep in the same crate as one of them at night. I don’t really like my crate but I know it is important for me to be in there. I am still young so it is the safest place for me while I sleep and when my people go somewhere, plus it keeps me out of puppy trouble. I will like it even more if you leave me in there with a Kong or other yummy treat, like my foster family does.

"House training is coming along just fine. I do admit to having a few accidents though, but as long as you keep me on a schedule (after eating/drinking, after playing hard, after waking up from a nap) I should do just fine at your house.

"I like to go on car rides. However, being able to see out the front window is kind of important to me, especially if you are driving more than an hour or so sometimes I get an upset belly.

"I know a few tricks. I come to my name, I automatically sit, and I stay (however not for too long). I also come in the house pretty quick when called, because I know the fastest one in always gets a treat!

"Even though my foster family loves me to pieces, I am ready for a family of my own. Will it be yours?

"If you are interested in adopting CiCi please go to to fill out our online adoption application.”

CiCi is being fostered in Green Bay and her adoption fee is $350.


White Paws German Shepherd Dog Rescue Inc.
1331 Belleview St. Lot 299
Green Bay, WI 54302
(920) 6060-2597

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This Day in History

Full Moon at 11:52pm, EST.

Quarterly Estimated Federal Income Tax Payer's Due Date
(For those individuals whose fiscal year is the calendar year and who make quarterly payments)

1697- The citizens of Massachusetts spent a day of fasting and repentance for their roles in the 1692 Salem Witch Trials. Judge Samuel Sewall, who had presided over many of those 20 capital judgments, published a written confession acknowledging his own "blame and shame."

1716- Birthday of Phillip Livingston, merchant and signer of the Declaration of Independence, born at Albany, NY. Died at York, PA, June 12, 1778.

1762- Fraunces Tavern opens in New York City NY, owned by “Black Sam,” one of the most prominent Blacks involved in the American Revolution (thought to be born in the West Indies). The tavern was a frequent haunt of George Washington, and main meeting place for the Sons of Liberty.

1777 - Vermont declared its independence from Britain and established a republic, which lasted until the state joined the Union in 1791.

1781 - A British naval expedition led by Benedict Arnold burned Richmond, Virginia.

1825- the first tax enacted by a state to support public schools was “ an act providing for the establishment of free schools” by Illinois. It provided for a common school in each county, open to every class of white citizens between the ages of 5 and 21 years and supported by a tax of $2 of every $100 and five-sixth of the interest from the school fund.

1844- The University of Notre Dame was chartered under Roman Catholic auspices in Indiana.

1845--Birthday of Ella Flagg Young, educator, first woman president of the National Education Association, superintendent of the Chicago school system (1909), and the first woman to supervise a school system in a major U.S. city. When an anti-woman faction tried to unseat her in 1913, she drew on all her political experience and rallied public pressure that forced four of her opponents to resign.

1852 -Mt. Sinai Hospital was incorporated by Sampson Simson and eight associates in NY City. It was the first Jewish hospital in the U.S.

1852 - Between January 15th and February 24th, a total of 1378 railroad cars were drawn by horses across the frozen Susquehanna River to engines waiting at Havre De Grace, MD.

1862- the first ironclad naval vessels were the Benton and the Essex, 1,000 tons each. Seven others of 512 tons each, were delivered at St. Louis, MO, where they were accepted for the government by Captain Andrew Hull Foote and made part of the Western Flotilla. They were also known as the Gunboat Flotilla on Eastern Waters, or the Mississippi Squadron.

1863 - In the United States, "The Boston Morning Journal" became the first paper in the country published on wood pulp paper.

1865- Fort Fisher in North Carolina falls to Union forces, and Wilmington, the Confederacy's most important blockade-running port, is closed. When President Lincoln declared a blockade of southern ports in 1861, Rebel engineers began construction of a fortress at the mouth of New Inlet, which provided access to Wilmington. Fort Fisher was constructed of timber and sand, and it posed a formidable challenge for the Yankees. The walls were more than 20 feet high and they bristled with large cannon. Land mines and palisades made from sharpened logs created even more obstacles for potential attackers. Union leadership did not make Fort Fisher a high priority until the last year of the war. After the Federals closed Mobile Bay in August 1864, attention turned to shutting down Wilmington. Union ships moved into place in December and began a massive bombardment on Christmas Eve. The next day, a small force failed to capture the fort but the attempt was renewed in January. On January 13, a massive three-day bombardment began. On the third day, 9,000 Yankee infantry commanded by General Alfred Terry hit the beach and attacked Fort Fisher. The Confederates could not repulse the attack. The damage was heavy on both sides: the Union suffered more than 900 Army casualties and 380 Navy casualties, and the Confederates suffered 500 killed or wounded and over 1,000 captured. After the loss of this last major Confederate port, it was only three months before the war concluded.

1870 - A Thomas Nast cartoon titled, "A Live Jackass Kicking a Dead Lion", was printed in "Harper's Weekly". The cartoon symbolized the Democratic Party with a donkey, a concept still in use today.

1885- tenor Henry Burr, the most prolific recording artist of his day, was born in St. Stephen, New Brunswick. He began his recording career for Columbia in 1902, and is estimated to have recorded an astounding 12,000 titles for dozens of companies. From 1910 to 1928, Burr also managed a vocal group which recorded for Columbia as the Columbia Male Quartet and for Victor as the Peerless Quartet. After his recording career waned, he was a great favorite singing old-time ballads on the "National Barn Dance" from radio station WLS in Chicago. Henry Burr died in New York City in 1941.

1888- birthday of folksinger Huddie William Ludbetter (Lead Belly),Shiloh, LA Died Dec. 6, 1949.

1899-Birthday of Goodman Ace, radio and TV writer, actor, columnist and humorist. With his wife, Jane, he created and acted in the popular series of radio programs (1928-45) “Easy Aces”, and he was called “America’s greatest wit” by Fred Allen. Born at Kansas City, MO, died at New York, NY., March 25, 1982, soon after asking that his tombstone be inscribed, “ No flowers, please, I’m allergic.”

1907- William H. Taggart, a Chicago dentist, invented dental inlay made of gold, and presented the technique to the New York Odontological Society. It is a method of casting gold inlays by the inverted pattern procedure, using the ancient principle of “disappearing core.”

1907-Dr. Lee De Forest, widely regarded as the "father of radio and the grandfather of television," patented the Audion radio tube, which turned radio into a practical transmission device for voice and music. Previously, wireless technology was primarily used for telegraph signals. Unfortunately, De Forest's business partners were prone to fraud: The De Forest Radio Telephone Company began to collapse in 1909, leading to De Forest's indictment for promoting a "worthless device"--the Audion tube. De Forest was later acquitted. Several years later, De Forest devised a way to connect a series of Audion tubes in order to amplify radio signals far beyond what a single tube could do. This process was essential in the development of radio and long-distance telephone. De Forest, despairing of business success, sold his patents at bargain-basement prices to several companies, including American Telephone and Telegraph, which used the repeating Audion tube as a key component in long-distance telephone technology.

1908- the first sorority for African-American students was Alpha Kappa Alpha, founded at Howard University, Washington, DC by Ethel Hedgeman Lyle. The first president was Lucy Slowe.

1909-- Gene Krupa birthday. The premier drummer of the big band era was born in Chicago. Besides leading his own band, he is best known for his work with Benny Goodman. After most of the big bands disbanded, Krupa led small jazz groups through most of the 1950's and '60s. A film loosely based on his life, "The Gene Krupa Story," starring Sal Mineo, was released in 1959. Gene Krupa died of leukemia in 1973.

1915-Brithday of folk music collector Alan Lomax.

1920 -- The Dry Law goes into effect in the United States. Selling liquor and beer becomes illegal.

1927 --- The Dumbarton Bridge opens in San Francisco carrying the first auto traffic across the bay.

1929- birthday of Dr. Martin Luther King, Jr., Black civil rights leader, minister, advocate of nonviolence and recipient of the Nobel Peace Prize (1964). Born at Atlanta, GA, he was assassinated at Memphis, TN, Apr 4, 1968. After his death many states and territories observed his birthday as a holiday. I remember interviewing Dr. King in the early 1960's at KFRC radio. A group Harold Light introduced me to had brought Dr. King to the Bay Area, which I assumed was more public relations than a fund raiser. He was a shy man, the first time I met him. The second time, he was more vocal, and after the Selma march, there were press conferences, not single radio interviews. He was an excellent dresser, very articulate, very attractive, very handsome in person, and grew into a statesman for freedom for all and equal opportunity for all. In 1983 the Congress approved HR 3706, "A bill to amend Title 5, United States Code, to make the birthday of Martin Luther King, Jr., a legal public holiday." Signed by the president on Nov 2, 1983, it became Public Law 98-144. The law sets the third Monday in January for observance of King's birthday. First observance was Jan 20, 1986

1932 - Up to two inches of snow whitened the Los Angeles basin of California. The Los Angeles Civic Center reported an inch of snow, and even the beaches of Santa Monica were whitened with snow, in what proved to be a record snowstorm for Los Angeles.

1933- After nearly a century of cooperative living, the utopian Amana colonists of Iowa begin using U.S. currency for the first time. The wide-open spaces of the West have always appealed to visionary reformers attempting to start new societies. Among others, the Mormons in Utah, the Hutterites in South Dakota and Montana, and the Swedenborgians in California all moved West for the same reason: cheap land and freedom from interference. Most reformers moved west after the Civil War, when travel became easier and the threat of Indian resistance was declining. As with the Mormons, the Amana colonial movement began in New York. Christian Metz, taking his cue from the writings of 18th century German mystics, established the group in 1842 on 5,000 acres near Buffalo, New York. Metz and his followers were similar to the Mormons in their rejection of the selfish individualism and dog-eat-dog competition of capitalism in favor of a more cooperative economic system. They isolated themselves from national and global markets and built a largely self-sufficient mean of meeting their agricultural and material needs. Barter within the community helped them avoid using American currency. The community's agricultural and craft operations grew so quickly that the members soon found they needed more land than was cheaply available in New York. Like many of other land-hungry Americans, they looked westward. In 1855, the first members began setting up a new colony in Iowa called Amana, purchasing 30,000 acres of contiguous land as a base for their agricultural and craft operations. Amana (located near modern-day Iowa City) flourished in the decades to come. By the turn of the century, the colonists had built seven largely self-sufficient villages with farms, stores, bakeries, woolen mills, wineries, furniture shops, and the other necessities of independent living. The Amana community thrived for nearly 80 years, but its isolation from the rest of the world inevitably began to wane during the 20th century. In the early 1930s, the colony experienced severe economic problems, in part due to the Great Depression. The people voted to abandon their communal life in 1932, and they reorganized the colony on a capitalist basis with each member receiving stock in a new community corporation. The people of Amana began using American currency in January 1933. Although it violated the original precepts of their founders, the decision to bring Amana into the national marketplace actually saved the community. Today, the Amana colony is the center of a thriving business empire of woolen mills, meat shops, bakeries, and wineries. Though its original vision is no longer the same, visitors to the colony will still find a communal society dedicated to preserving many elements of Old World life and craftsmanship.

1936- Owens Illinois Glass of Toledo, HO completed the first all-glass windowless structure, using eight thousand translucent water-clear hollow glass blocks weighing about 150 tons for a two-story building, which had 39 rooms and an aggregate floor area of 20,000 square feet. Do not know if the building is still standing.

1937 - 1.77 inches of rain fell at Washington, DC, making it the wettest inaugural day of record. Temperatures were only in the 30s as Franklin D. Roosevelt was sworn in for his second term.

1937 -the record low temperature for the state of California was set at Boca when the thermometer dropped to 45 degrees below zero.

1942- Benny Goodman Band records “Jersey Bounce.”

1942--The Glen Gray Orchestra records their hit "It’s the Talk of the Town"

1943- Pentagon completed: the world's largest office building with 6.5 million square feet of usable space, the Pentagon is located in Virginia across the Potomac River from Washington, DC, and serves as headquarters for the Department of Defense.

1943 - Famous temperature antics occurred in the Black Hills of South Dakota. The temperature was 52 degrees above zero at Lead and 16 degrees below zero degrees at Deadwood simultaneously. The places are only 1.5 miles apart, but there is an elevation difference of 600 feet.

1945--BEYER, ARTHUR O. Medal of Honor

Rank and organization: Corporal, U.S. Army, Company C, 603d Tank Destroyer Battalion. Place and date: Near Arloncourt, Belgium, 15 January 1945. Entered service at: St. Ansgar, lowa. Born: 20 May 1909, Rock Township, Mitchell County, lowa. G.O. No.: 73, 30 August 1945. Citation: He displayed conspicuous gallantry in action. His platoon, in which he was a tank-destroyer gunner, was held up by antitank, machinegun, and rifle fire from enemy troops dug in along a ridge about 200 yards to the front. Noting a machinegun position in this defense line, he fired upon it with his 76-mm. gun killing 1 man and silencing the weapon. He dismounted from his vehicle and, under direct enemy observation, crossed open ground to capture the 2 remaining members of the crew. Another machinegun, about 250 yards to the left, continued to fire on him. Through withering fire, he advanced on the position. Throwing a grenade into the emplacement, he killed 1 crewmember and again captured the 2 survivors. He was subjected to concentrated small-arms fire but, with great bravery, he worked his way a quarter mile along the ridge, attacking hostile soldiers in their foxholes with his carbine and grenades. When he had completed his self-imposed mission against powerful German forces, he had destroyed 2 machinegun positions, killed 8 of the enemy and captured 18 prisoners, including 2 bazooka teams. Cpl. Beyer's intrepid action and unflinching determination to close with and destroy the enemy eliminated the German defense line and enabled his task force to gain its objective.

1947-Birthday of trumpet player/composer Baikida Carroll, St. Louis. MO

1949—Birthday of Ronnie Van Zandt, lead singer of the southern rock band Lynyrd Skynyrd, born in Jacksonville, Florida. The band built a loyal following, beginning in the American South in 1973. Their best known songs were "Sweet Home Alabama" and "Free Bird," a tribute to Duane Allman of the Allman Brothers Band. Lynyrd Skynyrd seemed on the verge of superstardom in 1977 when a plane crash in Mississippi killed Ronnie Van Zandt and five others, including Skynyrd guitarist Steve Gaines.

1951---Top Hits

Tennessee Waltz - Patti Page

The Thing - Phil Harris

My Heart Cries for You - Guy Mitchell

The Golden Rocket - Hank Snow

1952 - A six day snowstorm was in progress in the western U.S. The storm produced 44 inches of snow at Marlette Lake NV, 52 inches at Sun Valley ID, and 149 inches at Tahoe CA, establishing single storm records for each of those three states. In addition, 24 hour snowfall totals of 22 inches at the University of Nevada, and 26 inches at Arco ID, established records for those two states. The streamliner, 'City of San Francisco' was snowbound in the Sierra Nevada Range, near Donner Summit.

1954-the coldest temperature ever recorded in the 48 contiguous states was recorded at Rogers Pass, MT. The temperature dropped to 69.7 degrees below zero.

1954--Joe DiMaggio marries Marilyn Monroe in San Francisco at City Hall.

1955---A young singer named Elvis Presley performs at the Louisiana Hayride, Municipal Auditorium, Shreveport, LA, performing "Hearts Of Stone," "That's All Right, Mama" and "Tweedle Dee." In the audience is "Colonel" Tom Parker, who was witnessing Elvis for the first time.

1958--Elvis Presley records "Hard Headed Woman," "Trouble," "New Orleans," "King Creole," "Crawfish"


The Chipmunk Song - The Chipmunks

Smoke Gets in Your Eyes - The Platters

My Happiness - Connie Francis

City Lights - Ray Price

1961 - the "Kennedy Inaugural snowstorm" belted the mid-Atlantic area and New England. Up to 29 inches of snow fell in northern New Jersey and southeastern New York. Areas north and west of Boston, MA received over two feet. This was the second of three major snowstorms during the 1960-61 winter season in the northeastern U.S.

1964-- Giant outfielder Willie Mays, the highest paid player in baseball, signs for $105,000.

1965- The NFL teams pledged not to sign college seniors until completion of all their games, including bowl games.

1966--The Beach Boys enter Billboard's Hot 100 for the 23rd time with their version of "Barbara Ann", previously a #13 hit for the Regents in 1961. The song was recorded live at a party and actually features the voice of Dean Torrence of Jan and Dean on lead vocal. The record will peak at number 2 in the US.

1966--Petula Clark's "My Love" entered the Billboard chart, where it would become her second #1 hit

1966-- The Supremes' "My World is Empty Without You" enters the pop charts.

1966-The Rolling Stones receive their third gold record for the album "December's Children." It features the tunes "Get Off My Cloud," "Route 66," "As Tears Go By" and "I'm Free."

1967--The film The Fastest Guitar Alive, starring Roy Orbison and Sheb Wooley,

premieres in New York City.

1967--Ed Sullivan refuses to let the Rolling Stones sing their big hit "Let’s Spend the Night Together" on his CBS show of the same name unless they change the title and lyrics to "Let's Spend Some Time Together." The band does as it's told, but lead singer Mick Jagger mocks the censorship by making faces at the camera while he sings the cleaned-up line.

1967-considered the “First Super Bowl:”*** the Green Bay Packers won the first NFL-AFL World Championship Game, defeating the Kansas City Chiefs, 35-10, at the Los Angeles Memorial Coliseum. Packers quarterback Bart Starr completed 16 out of 25 passes and was named the game's Most Valuable Player. Pro football's title game later became known as the Super Bowl.

1967---Top Hits

I’m a Believer - The Monkees

Tell It Like It Is - Aaron Neville

Good Thing - Paul Revere & The Raiders

There Goes My Everything - Jack Greene

1968- Elvis Presley records "Too Much Monkey Business"

1968--JOHNSON, DWIGHT H. Medal of Honor

Rank and organization: Specialist Fifth Class, U.S. Army, Company B, 1st Battalion, 69th Armor, 4th Infantry Division. Place and date: Near Dak To, Kontum Province, Republic of Vietnam, 15 January 1968. Entered service at: Detroit, Mich. Born: 7 May 1947, Detroit, Mich. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Sp5c. Johnson, a tank driver with Company B, was a member of a reaction force moving to aid other elements of his platoon, which was in heavy contact with a battalion size North Vietnamese force. Sp5c. Johnson's tank, upon reaching the point of contact, threw a track and became immobilized. Realizing that he could do no more as a driver, he climbed out of the vehicle, armed only with a .45 caliber pistol. Despite intense hostile fire, Sp5c. Johnson killed several enemy soldiers before he had expended his ammunition. Returning to his tank through a heavy volume of antitank rocket, small arms and automatic weapons fire, he obtained a sub-machine gun with which to continue his fight against the advancing enemy. Armed with this weapon, Sp5c. Johnson again braved deadly enemy fire to return to the center of the ambush site where he courageously eliminated more of the determined foe. Engaged in extremely close combat when the last of his ammunition was expended, he killed an enemy soldier with the stock end of his submachine gun. Now weaponless, Sp5c. Johnson ignored the enemy fire around him, climbed into his platoon sergeant's tank, extricated a wounded crewmember and carried him to an armored personnel carrier. He then returned to the same tank and assisted in firing the main gun until it jammed. In a magnificent display of courage, Sp5c. Johnson exited the tank and again armed only with a .45 caliber pistol, engaged several North Vietnamese troops in close proximity to the vehicle. Fighting his way through devastating fire and remounting his own immobilized tank, he remained fully exposed to the enemy as he bravely and skillfully engaged them with the tank's externally-mounted .50 caliber machine gun; where he remained until the situation was brought under control. Sp5c. Johnson's profound concern for his fellow soldiers, at the risk of his life above and beyond the call of duty are in keeping with the highest traditions of the military service and reflect great credit upon himself and the U.S. Army.

1969-- In South Florida Barbara Jo Rubin, 19, was to ride as the first woman jockey at a major race track - and then was taken off her mount by track officials. Reportedly it was money, not chivalry that was at the heart of the matter. A winning jockey gets ten percent of the purse and the jockeys, always a very touchy group because of their smallness and their constant dieting, didn't want to share the pots of gold (and ego) with a GIRL! Finally, on February 22, 1969, Barbara Jo was able to ride at Charles Town, West Virginia without the world stopping - and she won her first race. She crossed the finish line first in 11 of her first 22 starts. Unfortunately Barbara Jo at 5'5" was tall by jockey standards and was still growing. Her height combined with an old knee injury ended her racing career in less than a year.

1969- Elvis Presley records--"A Little Bit of Green," "Gentle on My Mind"

1971-George Harrison releases "My Sweet Lord".

1972 - Elvis Presley, was censored from the waist down by Ed Sullivan, but still reportedly brought in largest audience for a single television show, to that time, in a live worldwide concert from

Honolulu, Hawaii.

1972 - Don McLean's classic single, American Pie, jumped to Number 1 on Billboard's popular record charts, and stayed there for 4 weeks.

1973-Citing "progress" in the Paris peace negotiations between National Security Advisor Henry Kissinger and Le Duc Tho of North Vietnam, President Richard Nixon halts the most concentrated bombing of the war, as well as mining, shelling, and all other offensive action against North Vietnam. The cessation of direct attacks against North Vietnam did not extend to South Vietnam, where the fighting continued as both sides jockeyed for control of territory before the anticipated cease-fire.

1974 -- During the Watergate affair, an expert testifies before the House Judiciary Committee that an 18-1/2-minute gap discovered during a critical subpoenaed recording of a White House conversation between President Richard M. Nixon & White House staff member H. R. Haldeman was caused by “deliberate & repeated erasures”. The White House fails to satisfactorily explain the long silence during the key conversation between Nixon & Haldeman. The Watergate affair began after a break-in to the Watergate Hotel by White House officials was uncovered by journalists and the Senate Select Committee on Presidential Campaign Activities, and then escalated when President Nixon attempted to use executive privilege and national security as reasons to suppress the subsequent investigation. On July 16, 1973, former White House aide Alexander P. Butterfield brought the existence of official recordings of Nixon's White House conversations to the attention of the Senate committee investigating Watergate, and on July 26, the Senate subpoenaed the nine Watergate tapes. Nixon failed to comply with the subpoena, and on August 9, the Senate committee filed suit against the president. Finally, on October 23, Nixon agreed to turn over the tapes, but when the tapes finally arrive at the Capitol, two of the nine are missing, and an eighteen-and-a-half-minute gap on one of the tapes is discovered. The White House fails to satisfactorily explain the long silence during the key conversation between Nixon and Haldeman, although an expert determined that the gap had been deliberately erased. Nixon's failure to comply in a timely fashion to the subpoena for the Watergate tapes contributed to the articles of impeachment voted against him on July 30, 1974, and helped force his resignation one week later

1974- “Happy Days” premiered on TV. This nostalgic comedy set in Milwaukee in the 1950s starred Ron Howard as teenager Richie Cunningham with Anson Williams as his best friend "Potsie" Weber and Don Most as his best friend Ralph Malph. Tom Bosley and Marion Ross played Richie's parents and his sister, Joanie, was played by Erin Moran. The most memorable character was The Fonz--Arthur "Fonzie" Fonzarelli--played by Henry Winkler. In 1977, it remained number 1 in the Neilsen ratings for the season. "Happy Days" remained on the air until July 12, 1984, and has been in syndication ever since. The comedy launched two spin-offs: “Laverne and Shirley” and “Joanie Loves Chachi”. Happy Days originated as a 1972 skit on Love, American Style.

1975---Top Hits

Lucy in the Sky with Diamonds - Elton John

You’re the First, the Last, My Everything - Barry White

Junior’s Farm/Sally G - Paul McCartney & Wings

Ruby, Baby - Billy "Crash" Craddock

1975- "I've got bad news and I don't expect any applause," President Gerald Ford warned Congress before launching into his very first State of the Union address. During the ensuing speech, Ford painted a grim portrait of America's economic woes. The state of the union, he confessed, was "not good”. Millions of Americans are out of work. Recession and inflation are eroding the money of millions more. Prices are too high and sales are too low." Along with these problems, Ford offered an ominous budget estimate that showed the government running increasingly in the red over the next few fiscal years. However, Ford, who had recently been installed as the President after Richard Nixon's scandal-ridden resignation, attempted to balance the bad news by offering a remedy for the America's fiscal ailments. He unveiled a relief package that featured a few rounds of tax cuts for individuals and corporations, as well as an energy program that promised to raise money, albeit through raising costs and taxes on oil for consumers and businesses. James Earl “Jimmy” Carter, Jr was elected president of the United States in 1976 with 297 electoral votes to outgoing president Ford 240.

1977-- Leo Sayer's "You Make Me Feel Like Dancing" hits #1

1977-- The Eagles' “Hotel California” album hits #1

1978 - Super Bowl XII (at New Orleans): Dallas Cowboys 27, Denver Broncos 10. The first Super Bowl played without a sky. This one opened the Louisiana Superdome. Tom Landry was the Cowboys’ coach, Roger Staubach was their quarterback. Co-MVPs: DT Randy White and DE Harvey Martin (only co-MVPs in Super Bowl history). Tickets: $30.00.

1978 - snowblitz! -- a paralyzing nor'easter blasted New England and the mid-Atlantic states. Boston, MA recorded 21 inches in 24 hours to set a new record 24 hour snowfall amount -- only to have it broken 2 weeks later. Snowfall was under forecast since a predicted changeover from snow to rain did not occur.

1979--Birthday of football player Drew Brees, born Austin, Texas.

1981--Minutes after the presidential inauguration of Ronald Reagan, Iran releases 52 Americans held 444 days in exchange for the release of $8 billion in frozen Iranian assets seized by the U.S. Later, it's revealed that the release was delayed until the first hours of the administration by Reagan's transition team, in order to make him look good.

1981- “Hill Street Blues” premiered on TV. This immensely popular NBC police series created by Stephen Bochco and Michael Kozoll that focused more on police officers than on crime. The show was very realistic and highly praised by real policemen. “Hill Street Blues” was set in an anonymous northern city (the exteriors were actually filmed in Chicago) and was the first real attempt by television to portray police officers as fallible human beings. Each episode began with the 7 a.m. roll call led by Sergeant Ezterhaus. He closed the roll call with his trademark refrain, "Let's be careful out there." Hill Street Blues not only changed the way that Americans viewed police officers, it also revolutionized the television drama itself. The show resisted formula and introduced the ensemble cast. Whereas early cop shows like Dragnet and Adam-12 were centered around a couple of officers who always got their man by the end of the hour, the full squad house of regulars on “Hill Street Blues” rarely resolved cases in one episode.

It won a slew of Emmys and ran for seven seasons. Cast: Daniel J. Travanti as Captain Frank Furillo, Veronica Hamel as public defender Joyce Davenport, Michael Conrad as Sergeant Phil "Let's be careful out there" Esterhaus, Barbara Bosson as Fay Furillo, and as the wonderfully drawn cops, Bruce Weitz (Mick Belker), Taurean Blacque (Neal Washington), Kiel Martin (Johnny LaRue), Joe Spano (Henry Goldblume), James B. Sikking (Howard Hunter), René Enríquez (Ray Calletano), Michael Warren (Bobby Hill), Betty Thomas (Lucy Bates), Ed Marinaro (Joe Coffey) and Charles Haid (Andy Renko).

The last telecast was on May 19, 1987.

1983---Top Hits

Down Under - Men at Work

The Girl is Mine - Michael Jackson /Paul McCartney

Dirty Laundry - Don Henley

I Can’t Even Get the Blues - Reba McEntire

1985 - At Carnegie Hall, in New York, the Academy of Motion Picture Arts and Sciences honored 79 year old actress, Myrna Loy, who never received an Academy nomination although she appeared in 120 films.

1987 - Paramount Home Video said, for the first time, it would put a commercial at the start of one of its video releases. The movie "Top Gun" had a 30-second Diet Pepsi ad tacked on to its beginning. The idea behind adding something else to be fast forwarded through was to reduce the price of the video by $3. The difference to Paramount would be made up by Pepsi money. It was also thought more consumers would buy the Tom Cruise picture rather than paying more for videos without the commercial.

1987 - A powerful storm over the Southern Plateau and the Southern Rockies produced 24 inches of snow at Colorado Springs CO, including 22 inches in 24 hours, a January record. High winds in the southwestern U.S. gusted to 65 mph in the Yosemite Valley of California.

1988 - A small storm over the Atlantic Ocean produced heavy snow along the coast of North Carolina. The five inch total at Wilmington NC was their third highest for any storm in January in 117 years of records.

1988 -Jimmy "The Greek" Snyder makes racist remarks about black athletes.

1990 - ‘Big’ George Foreman, on the comeback-trail at 42 years of age, knocked out Gerry Cooney in the second round at Atlantic City, NJ. (Foreman became the oldest [age 45] ever to win the heavyweight title when he knocked out Michael Moorer on Nov 5, 1994.)

1990 - While one Pacific storm crossed the Central Rockies, another approached the west coast. The northern mountains of Utah were buried under 17 to 35 inches of snow while the mountains of southern Utah received another 12 to 16 inches. Eighteen cities in the central U.S. reported record high temperatures for the date as readings warmed into the 50s and 60s. Wichita KS reported a record high of 68 degrees.

1991---Top Hits

Justify My Love - Madonna

High Enough - Damn Yankees

Love Will Never Do (Without You) - Janet Jackson

Unanswered Prayers - Garth Brooks

1992-- The Seventh Annual Rock and Roll Hall of Fame induction ceremonies are held in New York City. Inductees include Bobby "Blue" Bland, Booker T. and the MGs, Johnny Cash, The Isley Brothers, The Jimi Hendrix Experience, Sam and Dave, and The Yardbirds.

1992- Tim Berners Lee, inventor of the World Wide Web, released a simple line-mode Web browser on the Internet. Berners Lee had first proposed the Web in 1990 and had presented early versions of Web clients, servers, and browsers to his colleagues throughout 1991.

Until then you needed the actual address or had to rely on Archer or Gopher to search for a website which basically was cumbersome and very slow.

1993 - In the southern U.S., train echo thunderstorms drenched Lafayette and Baton Rouge, LA with 10.83 and 9.02 inches of rain in 24 hours, respectively.

1994 - Frigid conditions persisted over the northeastern U.S. Rangeley, ME reported 45 degrees below zero for a morning low for the cold spot in the nation. First Connecticut Lake, NH dropped to a frigid 44 degrees below zero. Both Pittsburgh, PA and Cleveland, OH completed their longest stretch of subzero readings on record, with 52 and 56 consecutive hours, respectively.

1994- "Dazzey Duks" by Duice was on the Billboard Hot 100 for the 54th consecutive week, the longest run ever on any of the magazine's charts. Also on the Hot 100 that week, Tag Team's "Whoomp! (There It Is)" was in the top-ten for the 24th week - another record.

1995 - The San Francisco 49ers beat the Dallas Cowboys 38-28 in the NFC championship game and the San Diego Chargers edged the Pittsburgh Steelers 17-13 in the AFC title game. (The 49ers beat the Chargers 49-26 in Super Bowl XXIX.)

1995 - The Golf Channel began on some U.S. cable systems. Four years later, the world’s first 24-hour golf network was seen in over 30,000,000 homes.

1997 - During a heated Chicago vs. Minneapolis basketball game, Chicago Bulls star Dennis Rodman brazenly kicked a courtside cameraman in the groin. Rodman later claimed it was an accident, but the incident was captured from several angles by other cameramen, and was seen by millions of people across the country. Eugene Amos, the cameraman, was treated at a hospital and then released - the extent of his injuries were not released. Prosecutors told the press later that they were considering assault charges against Rodman. If suspended, it would be the second of the season for the temperamental, flamboyant athlete. Rodman was later suspended from 23 games and heavily fined; the suspension was the second-longest in NBA history. A few days later, a financial settlement between Amos and Rodman was reached; Amos received $200,000 from Rodman.

Super bowl Champions This Day

1967 Green Bay Packers
1978 Dallas Cowboys

**** Super Bowl

The year was 1966, and war was raging in professional football. It was a bidding war for talent and it had been going on since the American Football League came onto the scene in 1960 to challenge the National Football League, 40 years its senior.

At first, the battles were for college players, and the AFL scored an early victory when a court ruled in favor of the Houston Oilers over the NFL's Los Angeles Rams after both clubs had signed Billy Cannon, the Heisman Trophy winning halfback at Louisiana State.

Although the leagues agreed to a "no tampering" rule on existing player contracts, the stakes became high for college talent. Bonuses went sky-high. The AFL's New York Jets signed Alabama quarterback Joe Namath in 1965 to a $400,000 contract, the largest amount ever for a collegian. In 1966, the NFL's Atlanta Falcons gave Texas linebacker Tommy Nobis a $600,000 package and the Green Bay Packers forked over $711,000 to Texas Tech running back Donny Anderson.

Meanwhile, veteran players were settling for small raises on relatively small salaries. For example, John Brodie, the San Francisco 49ers quarterback, received $35,000 in 1965 and was asking for a raise to $65,000 after leading the NFL in completions, completion percentage, yardage and touchdown passes.

Then came a back-breaker. Buffalo place-kicker Pete Gogolak [Ralph Mango’s Delta Upsilon Fraternity brother at Cornell], who had played out his option in 1965, signed with the NFL's New York Giants. The "no tampering" code had been broken. The conflict was in the open, and it was time for action.

On April 7, 1966, peacemaker Joe Foss resigned as AFL commissioner and the next day Al Davis, general manager of the Oakland Raiders, took over. Davis was a hawk in regard to the NFL, and he had a plan.

Davis organized an AFL war chest and urged owners to start talking to established NFL stars. The NFL had bragged of its superiority because of the caliber of its quarterbacks. Davis wanted to sign those quarterbacks for the AFL.

The Raiders quickly signed Los Angeles quarterback Roman Gabriel to a commitment starting in '67. Houston offered the 49ers' Brodie $75,000, spread over 10 years, to sign a five-year deal with the Oilers. Reportedly, eight of the NFL's starting quarterbacks were dickering with the AFL.

The NFL had no choice. On June 8, 1966, two months after Davis became the AFL commissioner, a merger agreement was announced. There would be a common draft starting in 1967, interleague preseason games starting in '67 and regular-season play combining the leagues in 1970. Territorial indemnification of $18 million was to be paid to the 49ers and Giants over a 20-year period.

Most important, from the standpoint of football fans, was the immediate establishment of a championship game between the leagues. This was the AFL-NFL World Championship Game -- which was popularized as the Super Bowl from its inception.

Gabriel never went to the Raiders and Brodie never left the 49ers, but Brodie collected a million dollars on the agreement he had made in his talks with Houston.

Davis resigned as AFL commissioner a month after the merger. He clearly had won his battle.



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