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Independent, unbiased and fair news about the Leasing Industry
kitmenkin@leasingnews.org
   

 

Privately-held lessor/broker in business since 2004 is looking to expand its Orange County and San Diego origination teams with experienced reps ready for a change. We offer clients a variety of traditional banking products including our 0% APR credit card. Our marketing efforts enhance both end user and vendor sales strategies, including proprietary technology, direct mail, and trade show support. Make the move today -
click this link
for more details.

www.cflbc.com
Commercial Finance & Leasing Bank of Cardiff, Inc, a
finance lender licensed pursuant to the California Finance
Lenders Law, license #603G469


Wednesday, July 11, 2012



Today's Equipment Leasing Headlines

Good News from Patrick Sponsel
 -- Prayers Worked!
  Classified Ads---Sales
 Republic Bank out of leasing?
  Exchange Bank Not for Sale
   ---but their TARP loan is
    Classified Ads---Help Wanted
     Leasing News Help Wanted Ad Pricing
 Ten Lawyers Against Evergreen Clause Abuse
  Peretore Joins LEAN
   Letters??---We get eMail
 Why I Became a CLP
  Brian M. Schonfeld, CLP, Pawnee Leasing
    Slowing Equipment Investment Expected to Stabilize
    or Improve in Second Half of 2012
      Corgi Mix
      Santa Rosa, California Adopt-a-Pet
News Briefs---
  Reward offered to find missing Georgia bank director
Firm Acquires Assets of GE’s  27,000 Trailer Leasing Business
   GreatAmerica Leasing Sees $95MM Recap
Libor Woes Threaten to Turn Companies Off Syndicated Loans
   Udvar-Hazy orders $7.2 billion Boeing jets
     GE’s aircraft leasing arm to buy 100 Boeing aircraft
White Clarke Group Canada Asset
 /Auto Finance Survey (28 pages)
    U.S. reports 3.64MM job openings in May
Europe looks to pension reforms to ease economic crisis
   The Fissures Are Growing for Papers
      Baseball cards in Ohio attic might fetch millions
         Most Popular Songs

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---
     Baseball Poem
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.

ELLEN MICHELE STERN, ATTORNEY
Southern California

Free initial consultation
Nationwide network of providers and client base.
Twenty-six years of leasing expertise, ranging from front-end transactional through collections, equipment & judgment recovery.
Results-oriented

Phone: 951.443.4000 or email:leaselaw@msn.com
California Finance Lenders’ License specialist


Please send Leasing News and ask them to subscribe. We are free! Send email to kitmenkin@leasingnews.org and put in subject line: subscribe


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



Good News from Patrick Sponsel
-- Prayers Worked!


Sharpe Financial Network
President, National Association of Equipment Leasing Brokers

"I’ve received quite a number of well wishes regardless. I feel substantially better each day. Back to work this week, but definitely NOT full strength. Sore from surgery and my stamina both mentally and physically is lacking from surgery. Some of those that responded have shared their experiences and I have also received many offers for help. There are many excellent people that walk among us in this industry.

"Here is my status today. Met yesterday with general surgeon here to get pathology lab results from the removed afflicted organs. Tumor itself and 2 of 24 lymph nodes removed were positive for Non-aggressive form of cancer and have 6-8 weeks to get stronger from surgery until begin the next phase of treatment. There is nothing remaining presently in my abdominal area that would be classified as a cancerous tumor. Meet with Oncologist next Monday and second one in Phoenix on that Friday. We’ll go from there based upon testing, results and professional recommendations from these practitioners. The next phase is likely to chemotherapy at least with possibly isolated radiation. Happy to be here and for what I do have. Thank God have health insurance to treat this. Thank God for my wife who returned to work at Southwest Airlines where Health insurance is an affordable and incredible benefit. Thank God for friends, their concern and prayers.

"Thank you for following up, and sharing.”

Patrick Sponsel
Sharpe Financial Network
patrick.sponsel@sharpelease.com

Pray for Patrick Sponsel
http://leasingnews.org/archives/Jul2012/7_09.htm#sponsel 



[headlines]
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Classified Ads---Sales


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

California
Aggressive, competitive self-starter with vendor/direct equipment 
leasing and asset-based lending experience. Success in business banking sales and financial planning. 
Email: dsp559@hotmail.com | Resume

Garfield, NJ
15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker.
Tony Lio tonylio@optonline.net
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133
E-mail: billmcneal2003@yahoo.com

Orange County, CA 
20+ yrs. leasing sales/sales mgmt
Established remote office w/Lessee/Vendor following
Request Salary + commission or partnership w/direct funding source.
shermbp@gmail.com

Pittsburgh , PA 
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592
mwiser500@hotmail.com

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

Texas/Oklahoma 
15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.
E-mail: bankingdallas@yahoo.com

 


Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

Please send Leasing News and ask them to subscribe. We are free! Send email to kitmenkin@leasingnews.org and put in subject line: subscribe

 

[headlines]
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Republic Bank out of leasing?



According to several reliable sources, Republic Bank, Bountiful, Utah stopped taking new leasing business two weeks ago. The bank was founded November 12, 1999, an industrial bank specializing in equipment leasing. Their portfolio is primarily equipment leasing receivables and residuals. The bank has no web site.

There are several reports that the founders of the company are either dissolving or closing the bank; perhaps even a sale or merge. Some information was divulged, but on the condition of being kept confidential for two weeks. Reportedly several employees are already search for jobs.

FDIC filings for March 31, 2012, the latest they have, shows Republic with 11 full time employees, a $7.78 million profit for the three month period, Assets of $750.5 million, liabilities of $640.3 million, net equity $110 million, Tier 1 risk-based capital ratio: 15.42% (very strong.)

A great profit and operation per employee.

The banks only charge offs have been in lease financing receivables:

2006 $1.0 million
2007 $6.9 million
2008 $6.1 million
2009 $10.1 million
2010 $4.9 million
2011 $2.7 million
March 31, 2012 recovered $68,000

Key stockholders appear to be Tom Malloy and Boyd A. Lindquist.


 


[headlines]
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Exchange Bank Not for Sale
---but their TARP loan is


Exchange Bank, Santa Rosa, California, active in equipment leasing (formerly Dumac Leasing), particularly in California, is one of a dozen banks that the Treasury Department has announced will sell off stakes it holds in a dozen banks that received rescue funds at the height of the financial crisis.

The public auction of preferred stock and subordinated debt will begin July 23, 2012, according to the US Treasury Department. Leasing News was unable to obtain a statement from Exchange Bank as to why they were not paying the TARP loan back or even what the amount today is.

Exchange Bank received $43 million in the US Treasury Capital Purchase Program January, 2009. The bank had a $18.5 million loss for 2011 million for the nine months ending Sept. 30, largely due to additional reserves on sour residential construction loans. Four Sacramento properties for which Santa-Rosa-based Exchange Bank was the lender for are being abandoned by Kobra Properties, a Sacramento County-based developer who recently filed Chapter 11 bankruptcy. Kobra’s effort to move the properties out of the bankruptcy process could allow Exchange Bank to take back the properties through foreclosure. Since the bank has written off the debt, any sale of the properly would be a profit. In July, J. Barrie Graham suddenly resigned as president due to the commercial real estate loans, as he felt responsible. The bank had charged off $58.5 million that year, $50.8 million in construction and land development alone. 2009 saw $39.4 million charged off with $29.7 million.
http://www.leasingnews.org/archives/August%202008/08-21-08.htm#xchng

More than three years after the launch of the Troubled Asset Relief Program, the federal government still owns stakes in 325 banks—mostly small institutions that have been unable to fully pay back the government. 325 banks owe about $11 billion to the government from the Troubled Asset Relief Program (TARP), most are small institutions that have been unable to fully pay back what they borrowed, so the stock and subordinated debt will go to a public auction.

Charge Offs

2006 $1.1 ($811,000 commercial and industrial, $177,000 individuals, $109,000 leasing)
2007 $12.6 ($11.0 construction/land development, $515,000 leasing, $401,000 individuals, $343,000 commercial/industrial, $300,000 1-4 family homes)
2008 $58.5 ($50.8 construction/land development, $6.2 commercial/industrial, $452,000 leasing, $429,000 individuals, $258,000 nonfarm/nores., $273,000 1-4 family)
2009 $39.4 ($28.7 construction/land, $5.0 commercial/industrial, $2.5 nonfarm/nonres., $974,000 leasing, $782,000 loans to individuals, $528,000 1-4 family, $454,000 other loans, $415,000 farmland)
2010 $15.1 ($7.7 construction/land, $3.4 nonfarm/nonres.,$3.0 commercial/industrial, $1.2 leasing, $$677,000 1-4 family, $216,000 loans to individuals.)
2011 $13.9 ($6.2 nonfarm/nonres., $4.0 construction/land, $1.37 farmland, $1.3 1-4 family, $524,000 commercial, industrial, $312,000 leasing, $161,000 individuals
3/31 $559,000 ($441,000 construction/land, $339,000 nonfarm, $136,000 commercial, Industrial, $90,000 construction/land, $32,000 leasing, $12,000 1-4 family, -$13,000 automobile loans, -$8,000 individuals).

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

Non-Residential loans.

As noted below, the bank returned to profitability in 2010, improving its equity as well as bringing its Tier 1 risk-based capital ratio to $13.12%

(in millions, unless otherwise)

Net Equity
2006 $128
2007 $134.3
2008 $154.5
2009 $150.1
2010 $157.2
2011 $163.0
3/31 $165.1

Profit
2006 $21.6
2007 $13.3
2008 -$18.5
2009 -$3.8
2010 $10.2
2011 $12.2
3/31 $2.9

Non-Current Loans
2006 $3.6
2007 $29.6
2008 $66.4
2009 $48.6
2010 $35.6
2011 $29.6
3/31 $39.3

Joining Exchange Bank in the auction are: First Western Financial Inc. of Denver; CBS Banc-Corp of Russellville, Ala.; Market Street Bancshares Inc. of Mount Vernon, Ill.; Fidelity Financial Corp. of Wichata, Kan.; Marquette National Corp. of Chicago; Premier Financial Bancorp Inc. PFBI +2.90%of Huntington, W. Va.; Diamond Bancorp Inc. of Washington, Mo.; Park Bancorporation Inc. of Madison, Wisc.; Trinity Capital Corp. TRC.LN -1.77%of Los Alamos, N.M.; First Community Financial Corp. FMGI 0.00%of Joliet, Ill.; and Commonwealth Bancshares Inc. of Louisville, Ky.

Founded May 1, 1890, Exchange Bank had 404 full-time employees as of March 31, 2012 at its 21 offices: ten in Santa Rosa, 2 in Petaluma, and one each in Cloverdale, Cotati, Healdsburg, Rancho Cordova, Roseville, Sebastopol, Sonoma, and Windsor. In 2007, Exchange had 434 full time employees.

 


[headlines]
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Ten Lawyers Against Evergreen Clause Abuse


The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.

In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.

Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.

Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.

This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.
kitmenkin@leasingnews.org

Jim Coston
Coston & Coston LLC
105 W. Adams Street
Suite 1400
Chicago, Illinois 60603
(312) 205-1010
jcoston@costonlaw.com

(In 1998, he was elected to the United Association of Equipment
Leasing Board of Directors, and in 2003-04 was the first
attorney to become UAEL President, very active in his political party.)

Ronald J. Eisenberg
Schultz & Associates LLP
640 Cepi Drive, Suite A
Chesterfield, MO 63005
(636) 537-4645 x108
(636) 537-2599 (fax)
www.sl-lawyers.com

(Proven Leasing Litigator, well respected by all sides)

Ronald P. Gossett
Gossett & Gossett, P.A.
400 Seridan Street, Building I
Hollywood, Florida
954-983-2828
Fax: 954-983-2850
rongossett@gossettlaw.com

(Many cases including NorVergence, Brican, among others, a winner)

Brandon J. Mark

Attorney at Law, Admitted in Utah and Oregon
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Direct Dial 801.536.6958
Facsimile 801.536.6111
www.parsonsbehle.com
BMark@parsonsbehle.com

(His firm represents banks who buy leases, and his
clients refuse to buy these types of leases.)

BARRY S. MARKS
MARKS & WEINBERG, P.C.
Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
bmarks@marksweinberg.com
www.leaselawyer.com
205.251.8303
fax 278.8905 (Direct) 251.8305 (Main)

(Well-known to the leasing industry, also Alabama Poet)

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

(Leasing News Advisor/Well-Known top Leasing Litigator)

Frank Peretore
Peretore & Peretore, P.C.
191 Woodport Road
Sparta, New Jersey 07871
www.peretore.com
(973) 729-8991
peretore@peretore.com

(Experienced leasing attorney, aggressive, author, secretary,
National Equipment Finance Association, ELFA, too)

Ellen Stern
Ellen Michele Stern
17630 El Mineral Rd
Perris, CA 92570
951-443-4000
leaselaw@msn.com

(Long time Southern California leasing attorney, well-respected)

Kevin E. Trabaris, Principal
Trabaris, P.C.
707 Skokie Boulevard, Suite 600
Northbrook, IL 60062
Direct: (847) 205-4377
Mobile: (847) 840-4687
Fax: (848) 260-5768
kevin@trabaris.com
www.trabaris.com

"In my career, I’ve repeatedly seen this provision misused
by unscrupulous lessors and think it’s a bad idea for both
the lessee and the lessor."

Michael J. Witt, Esq.
MICHAEL J. WITT LAW OFFICES
4342 Oakwood Lane
West Des Moines, IA 50265
Tel: (515) 657-8706
Mobile: (515) 868-1067
Fax: (515) 223-2352
witt-law@live.com

(Former Advanta Leasing
and Wells Fargo Equipment Finance attorney)

Companies who notify lessee in advance of lease expiration
   and require their discounter to also notify lessee in advance
http://www.leasingnews.org/Pages/lease_expiration.html

 

Comprehensive personal property tax outsourcing services
We accept file exports and integrate personal property tax information with all lease management or accounting software. No other firm offers the combination of individual attention, software capabilities expertise, "full disclosure" and web port accessibility to information more than we do.

Click here to learn what our clients say about our service
Gary DiLillo, President 440.871.0555 or gary@avptc.com


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

Sales

Privately-held lessor/broker in business since 2004 is looking to expand its Orange County and San Diego origination teams with experienced reps ready for a change. We offer clients a variety of traditional banking products including our 0% APR credit card. Our marketing efforts enhance both end user and vendor sales strategies, including proprietary technology, direct mail, and trade show support. Make the move today -
click this link
for more details.

www.cflbc.com
Commercial Finance & Leasing Bank of Cardiff, Inc, a
finance lender licensed pursuant to the California Finance
Lenders Law, license #603G469


Dallas-Fort Worth
Seasoned Leasing professional in Dallas-Fort Worth area, experienced in 3rd party generated business. Must be highly ethical, self starter with a good understanding of financials and able to produce immediately and consistently. Generous commissions paid and
benefits after initial trial period.

Please submit resume to ron.mitchell@bancleaseacceptance.com
Contact: Ron Mitchell 214-615-0667 direct

 

Exp. only, 1 Southeast, 1 West Coast
Looking to Expand Your Career
Base Salary & Commission
resumes to : dmitchem@ifsc.com

www.ifsc.com
Stable, profitable independent lessor, 30 years in business,
Chicago suburbs

 

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

 

[headlines]
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Leasing News Help Wanted Ad Pricing

25% Off regular rate below plus 30 day run

Help Wanted Web Ad New Programs

Classified Ad Section 

21 days in a row:
$595 four lines (a space is a line) 
($40 each additional line or space)

All you need do is send us the copy or the position description you want to fulfill and we do the rest. We will design the ad with the idea to fit you budget best, as well as recommend a “click to a web page” or seprate full page job description. Lines and spaces determine the price of the “help wanted ad” as the Logo is free as well as company description at the bottom of the ad (not to exceed the number of lines of the ad.) Also freeclick to a click to a web site or a full description of the position.

Ads are placed in the "Help Wanted' section by category, alphabetical, with the ad with the most lines first in the group. They appear on the web site and in each news edition at the top, not in flash, but in separate news editions. (The “help wanted” top ad are changed in each news edition in sequence with other “help wanted” ads, mostly in a chronological basis.) The ad always appears in the classified help wanted section in each news edition, plus remains on the web site, even when it appears at the top of the headlines.

Most readers scroll the newsletter, or those directly interested in classified, will click on the headline and go direct to the news edition classified help wanted section, or click on the web site, and go to it at this site.

Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board


[headlines]
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****Announcement*****************************

Peretore Joins LEAN


The newest member of the Lease Enforcement Attorney Network (LEAN) is Frank Peretore, founding partner of the commercial law firm Peretore & Peretore, P.C. of Sparta, NJ.

The firm represents national and regional banks and finance companies, bringing a result-oriented approach that respects the sound business judgment behind clients’ legal decisions.

“I’ve enjoyed watching LEAN evolve into the organization it’s become,” Peretore said. “It’s got a great membership. It’s got a great mission. It fulfills an obvious need within our profession. That’s why I’m so pleased to join.”

A graduate of Georgetown Law Center, Peretore is a member of the Bar in the States of New Jersey, New York, and Washington, D.C., and serves as secretary of the National Equipment Finance Association. His publications date back to 1997 and include Workouts and Enforcement for the Secured Creditor and Equipment Lessor, a 546-page guidebook published by Oxford University Press in 2008.

About LEAN

LEAN is a nonprofit association of law firms throughout the country with a practice concentration in the enforcement of equipment leasing and finance obligations. LEAN law firms are carefully selected for their expertise in leasing law and are highly regarded by top leasing and financial companies. For more than a decade, clients have turned to LEAN for cost effective solutions. For more information, including a complete list of LEAN firms and locations, call 877.532.7352 or visit www.leasecollect.org.

Frank Peretore Profile
http://www.peretore.com/frank_peretore.html

****Announcement****************************************

 

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

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



----



Operation Lease Fleece

Richard Norris, reported to be the bookkeeper of Jim Raeder and Mark McQuitty, as well as Chant Vartanian, sentencing re-set. His private information he pled guilty to will be revealed when sentenced, as it is sealed until then. “ORDER TO CONTINUE Sentencing by Judge Cormac J. Carney as to Defendant Richard Michael Norris. (NOTE: CHANGES MADE BY THE COURT) Sentencing reset 7/2/2012 10:00 AM before Judge Cormac J. Carney. (rla) (Entered: 02/15/2012)”

“Do you know if his court date got pushed back? You had him listed as being sentenced in early July."

(name with held)

((ORDER TO CONTINUE Sentencing by Judge Cormac J. Carney as to Defendant Richard Michael Norris. Sentencing continued to 12/3/2012 10:00 AM before Judge Cormac J. Carney. (mt) (Entered: 06/08/2012)

He appears to be the last of the group to be sentenced, and evidently his record remains sealed until he is sentenced. At last conversation with the authorities involved, they consider the Operation Lease Fleece case open. editor).

---


Lease Companies on the Stock Exchange
http://leasingnews.org/archives/Jul2012/7_02.htm#stocks

“Leasing Companies on the Stock Exchange – Don’t forget Pacific West Bancorp.”

Dorran Sampson, Vice President Broker Relations
6975 Union Park Center, Suite 200
Cottonwood Heights, UT 84047
Phone: 801.233.6837
Fax: 801.566.0482
dsampson@pweqf.com
www.pweqf.com

(Here is the latest from Tuesday, July 10, 2012:)
Prev Close: 24.64
Open: 24.95
Day's Range: 24.49 - 25.24
52wk Range: 13.00 - 25.50
Volume: 238,872
Avg Vol (3m): 195,341

---



Six Month BBB Leasing Company Ratings
http://leasingnews.org/archives/Jul2012/7_06.htm#bbb

"I noticed Dakota didn’t make your BBB ratings list… FYI, we have had an A+ for 10 years now! Thought you would want to know… plus, we don’t even pay for it! :-)

http://www.la.bbb.org/business-reviews/Loan-Companies/Dakota-Financial-LLC-in-Los-Angeles-CA-13177252

"Hope you are doing great,"

Mae

Mae G. Philpott
Sales & Marketing Director
Dakota Financial, LLC
Charlotte, NC

(Will add to the one we will run three months from now. Editor)

----

 


Top 5 Reasons to Get Over Your Dis-"Like" of Social Media
www.Crelogix.com
http://leasingnews.org/archives/Jun2012/6_29.htm#social

“I know it is a reprint article, still:

“the top tip ( #1: It's free) has a limit:

- if you need to hire staff or consultancy to setup your social media dashboard, costs are made. The body of the text also mentions this. Free is catchy but inaccurate.

- even if free, most social media have free and professional packages. Professional access comes at a price (LinkedIn starts around $20/mnth for individuals, corporate accounts might be available).

- even if free information available, the useful content might be charged. Google maps in corporate websites charges a pay per view fee which was recently reduced because companies moved away from the service because of those costs.

- some social media start free and then start charging for specific content. Yammer comes to mind.

“I'm sure there is something to be said about the other tips, but there we step into the realm of like and dislike of social media presence.

“Even if it is free, the top tip to consider company presence on social media is to consider what value it will bring to the company.

Don't start it because it is free or possible.

“I have a Johnny Cash text in mind related to something free and possible ("I killed a man in Reno, ..."). “

Kind regards, Sicco Jan Bier

Weesp, Netherlands

(I find an age divide in understanding the social media.

(While I do pay for the upgrade in LinkedIn, it really is free if you don't want the extras, and was free for two years, myself. Facebook, twitter are free, also, and I don't pay for anything here.

(I have never paid for using a map in Google or on other browsers. I primarily use Copernic, and not Explorer or Google, which has become more not a browser company, but a make of products, advertiser, software provider, and has grown into a major influence, too. Editor)

----


"One of the areas of financing that has really taken off for us is the short term business loan through Channel Partners. It is surprising how many small business’s are open to this financing… we are completely transparent in the terms and conditions to the customer. I think it is a testament to the fragile state of our economy and banking crisis that the product has been so successful."

Greg McIntosh
Momentum Commercial Funding, llc
Rancho Cordova, Ca 95670

---


Archives June 20, 2000
Swander Speaks
http://leasingnews.org/archives/Jun2012/6_20.htm#archives

"Hello to you and your readers. I received a few emails from some friends and want to let everyone know I appreciate your friendship. Attached is a recent photo.

"I am still in Phnom Penh, Cambodia, doing consulting plus being the part-time Executive Director of the AmCham.

"I am still writing my travelogues and attach a recent one on Banteay Chhmar (see below). Hope you will share it with your readers, like we did years ago. If anyone wants to be on my distribution list, please let me know. I try to write four or five a year, depending on travels.

"Thought I’d also enclose a photo from my balcony."


Take care!

James E. (Jim) Swander
Consultant
Phnom Penh, Cambodia
Email: jimswander@gmail.com
Mobile: +855 (15) 772 750
Skype: jimswander
Skype In: +1 (760) 201 0033 (USA)


Bamteau Cjjmar (many photos)
http://leasingnews.org/PDF/BanteayChhmar.pdf


----



"Please remove my job posting ad. I work for insurance underwriters doing commercial loss control inspections and premium audits.

"I have doing this for almost 4 years and it has now become full time.

"I will still read your newsletter because I like the articles and every once in awhile I hear about someone I have known. Most are long gone. I started in 1971 and was active until 2000 when I moved to Florida to do Real Estate.

"Thanks for you help,"

Tom Lewis

----


“Thank you. Leasing News is a terrific resource.

“In a short amount of time I have become dependent on the information and insight.”

Thanks again,

Vernon Tirey
LeaseQ.com

 

 



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Why I Became a CLP


Brian M. Schonfeld, CLP
Project & Information Manager
Pawnee Leasing
(A Chesswood Group Limited Company)


Rather than attending an Institute for Leasing Professionals (ILP), I self studied for the exam as well as attending a Certified Lease Professional (CLP) master review class that was hosted by the United Association of Equipment Leasing (now National Equipment Finance Association) at their Annual Conference and Exposition. My experience in sales and portfolio management provided a great background for a good portion of the exam, and I found myself breezing through many sections of the handbook. However like many people, I soon hit the brakes when I started studying the financial and tax accounting section! I think learning how to create a balance sheet and income statement for both a capital and operating lease took more time than anything else. Needless to say I passed, and am proud to say I’m still Pawnee Leasing Corporation’s only CLP.

Passing my CLP exam was a big accomplishment. In addition to being the first CLP in the storied history of Pawnee Leasing Corporation, my designation gave me confidence in dealing with both our current and new broker customers. I felt secure in the knowledge that they would be able to instantly recognize me as an industry expert, and they could expect their marketing representative to be able to thoroughly and accurately answer any questions they may have. Additionally, it gave me the confidence to get more involved in the industry, knowing that I was part of a select group of members who had publically demonstrated their knowledge of and commitment to the leasing industry. I have since had the great privilege to chair the 2012 NAELB Annual Conference, as well as serving on the CLP Foundation’s Board of Directors.

Not only did earning my CLP certification help my position in the leasing industry, but it also shaped my work ethic and gave me the confidence to go back to school. And I’m proud to announce that just this last May I graduated from Colorado State University with my Master’s Degree in Business Administration.


I began my career in commercial equipment leasing straight out of college, and it remains the only industry I have ever worked in or known. I started working for a small Broker/Lessor, Genesis Commercial Capital out of Irvine, California, over a decade ago; and Genesis’s President Greg Rieke was a CLP and a big influence on my early leasing career. He was very knowledgeable about the industry as a whole, and well respected by the bank partners we worked with as well as other brokers. He struck me as the consummate professional, and I attributed a lot of that professionalism to his CLP designation. Although as a newcomer to the industry and unable to sit for the CLP examination for another five years (today it is a three year minimum); the fact that there was an industry designation I could earn was a motivator for me to learn and earn my CLP as soon as I was able.

Fast forward five years working as an account and portfolio manager, and I had just been hired as a new marketing representative for Pawnee Leasing Corporation in Fort Collins, Colorado. I was now eligible to sit for the exam, and Pawnee’s President Gary Souverein was extremely supportive of the idea. He thought having a CLP represent Pawnee would be a great asset to the company, and he was anxious for Pawnee Leasing Corporation to join the ranks of the CLP employers. If I was successful in passing the exam, I would be the first CLP in Pawnee’s then 25+ year history.

I’d advise anyone who is thinking of sitting for the CLP to stop hesitating and sign up. The pass rate is over 80% and the exam can be taken confidentially if you’re worried about passing. We have mentors to help you, and can usually proctor an exam at your office location if you can’t make one of the scheduled exams. The knowledge, confidence, and relationships you will gain will be more than worth the time and effort you put in to obtaining your CLP designation!

Why I Became a CLP series:
http://www.leasingnews.org/CLP/Index.htm

 



 

 

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


Slowing Equipment Investment Expected to Stabilize
or Improve in Second Half of 2012



Washington, DC, –- The Equipment Leasing & Finance Foundation (the Foundation) releases a new quarterly update to its 2012 Equipment Leasing & Finance U.S. Economic Outlook today. The report, which is focused on the $628 billion equipment leasing and finance industry, forecasts equipment investment and capital spending in the United States and evaluates the effects of various related and exogenous factors in play currently and into the foreseeable future. According to the Q3 Outlook, the projected growth in equipment and software investment for 2012 has slowed to 6.4 percent, down from the previous projection of 6.9 percent. The recent slowdown in economic activity indicates that equipment investment continued to lose momentum in Q2, but forward-looking indicators suggest growth will stabilize and potentially improve in the second half of the year.


William G. Sutton, CAE
President, Foundation, President/CEO ELFA

“The steady overall growth projected for 2012 in the Q3 Outlook aligns with the steady year-over-year growth in new business volume seen in the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index. The Outlook report and the Foundation’s Monthly Confidence Index both indicate that concerns over the European debt crisis, U.S. unemployment and regulatory and political uncertainty continue to hamper growth. However, we are cautiously optimistic that growth will pick up in the second half of 2012 and into 2013 due to improvements in the manufacturing and housing sectors and lower oil prices,” said William G. Sutton, CAE, President of the Foundation and President and CEO of the Equipment Lwasing and Finance Association.

Key findings include:

  • Expectations for 2012 are that investment will grow, but at a slower rate than previous quarters. The European crisis, the slowdown in emerging markets and regulatory and political uncertainty remain significant headwinds for 2012.

  • Looking to the second half of 2012, notwithstanding an external shock, the U.S. is poised for growth driven by an improving housing market, a growing manufacturing sector and pent-up demand in the consumer and business sectors. Lower oil prices should also help support growth during the second half of the year. The initial projection for 2013 growth in equipment and software investment is 8 percent.

Trends in equipment investment include:

  • Agriculture equipment investment is likely to decelerate in the next three to six months.

  • Computers and Software equipment investment should remain healthy, but is likely to slow down somewhat.

  • Construction equipment investment is projected to continue to grow at a strong pace as the housing market rebounds.

  • Industrial equipment investment likely grew at a below-average pace in Q2 2012, but could pick up by late 2012 or early 2013.

  • Medical equipment is likely to be relatively flat on a year-year basis.

  • Transportation equipment investment should remain solidly positive, but is unlikely to maintain the rapid growth rates of 2011

  • Credit market conditions have stabilized in the past several weeks after fears of Greece exiting the EU caused tensions to spike. The subsequent flight to safety by investors pushed long-term U.S. Treasury rates to all-time lows. As economic conditions slowly improve, demand for business loans will continue to grow, and supply constraints for large businesses should ease further. However, small businesses are reportedly having some difficulties in accessing capital. Conditions remain favorable for purchasing versus leasing, as the cost of borrowing is near record lows.

  • The U.S. economy slowed in the first quarter of 2012 to an annualized growth rate of 1.9 percent, down from 3 percent in the fourth quarter of 2011. Overall, the macro outlook for 2012 has not changed materially. Real GDP growth is forecast at 2.2 percent, down from the previous forecast of 2.3 percent, and inflation expectations dropped from 2.4 percent to 2.3 percent.

The Foundation produces the Equipment Leasing & Finance U.S. Economic Outlook report in partnership with economics and public policy consulting firm Keybridge Research. The annual economic forecast provides a three-to-six-month outlook for industry investment with data, including a summary of investment trends in key equipment markets, credit market conditions, the U.S. macroeconomic outlook and key economic indicators. The report will continue to be updated quarterly throughout 2012.

Download the full report at
www.leasefoundation.org/IndRsrcs/EO/

The Equipment Leasing & Finance Foundation is a 501c3 non-profit organization that provides vision for the equipment leasing and finance industry through future-focused information and research. Funded through charitable individual and corporate donations, the Foundation is the only organization dedicated to future-oriented, in-depth, independent research for the leasing industry. Visit the Foundation online at http://www.LeaseFoundation.org.

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

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

He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

502.649.0488/Leaseconsulting@msn.com

 

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

Send Leasing News to a colleague.
Ask them to subscribe. We are Free!!

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Corgi Mix
Santa Rosa, California Adopt-a-Pet



Bosco
Breed: Corgi Mix
ID#: 4702397
Color: Tan/Yellow/Fawn
Age: Puppy
Size: Med. 26-60 lbs (12-27 kg)
Sex: Male

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

"Meet our newest Corgi mix puppies!!

"Meet our newest puppies! These sweet little puppies are approximately 2-3 months old Corgi mixes. Because of their young age, they will need a lot of time and training. They are very sweet and affectionate. They are absolutely adorable as they are stocky little things with these huge eyes and short little Corgi legs. Daddy was a leasing salesman, but we estimate that they will be approximately 35 pounds."

Please contact Vicki (vickibenson@att.net) for more information about this pet.

Rescue Group: California Animal Rescue
Pet ID #: 4702397
Contact: Vicki Benson
Phone: (707) 293-4470
Let 'em know you saw "Bosco" on Adopt-a-Pet.com!
E-mail: vickibenson@att.net
Website: http://CaliforniaAnimalRescue.rescuegroups.org
Address: Santa Rosa, CA 95407
Come Meet Our Pets...
Mobile adoptions every Sunday at Petco in Santa Rosa, CA from 12pm to 3pm. 2765 Santa Rosa Avenue, Santa Rosa, CA

 

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet.com/

 

 


• Contract Negotiations • Fraud Investigations
• Credit Investigations • Skip-tracing
• Third-party Commercial Collections
John Kenny
Receivables Management

For flat fee or commissions basis

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

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




News Briefs----

 

Reward offered to find missing Georgia bank director
http://www.ajc.com/business/reward-offered-to-find-1475337.html

Firm Acquires Assets of GE’s 27,000 Trailer Leasing Business
http://finance.yahoo.com/news/wood-creek-bowman-milestone-acquire-123000809.html;_ylt=A2KJjb2p.PxPsBIAa13QtDMD

GreatAmerica Leasing Sees $95MM Recap
http://www.pehub.com/158599/greatamerica-leasing-sees-95m-recap/

Libor Woes Threaten to Turn Companies Off Syndicated Loans
http://washpost.bloomberg.com/Story?docId=1376-M6WJZZ1A1I4H01-3K94UR1NCTN0DV2C0QNATE2BV4

Udvar-Hazy orders $7.2 billion Boeing jets
http://www.latimes.com/business/money/la-fi-mo-farnborough-airshow-boeing-udvar-hazy-20120709,0,3843391.story
http://www.eturbonews.com/30094/air-lease-corporation-orders-75-boeing-737-maxs

GE’s aircraft leasing arm to buy 100 Boeing aircraft
http://www.bizjournals.com/wichita/blog/2012/07/general-electrics-aircraft-leasing.html

White Clarke Group Canada Asset
/Auto Finance Survey (28 pages)
http://leasingnews.org/PDF/WhiteClarkeGroupCanadaAssetAutoFinanceSurvey.pdf

U.S. reports 3.64MM job openings in May
http://www.upi.com/Business_News/2012/07/10/US-reports-364M-job-openings-in-May/UPI-99681341952550/

Europe looks to pension reforms to ease economic crisis
http://www.washingtonpost.com/business/economy/europe-looks-to-pension-changes-to-ease-economic-crisis/2012/07/10/gJQA66fYbW_story.html

The Fissures Are Growing for Papers
http://www.nytimes.com/2012/07/09/business/media/newspapers-are-running-out-of-time-to-adapt-to-digital-future.html?_r=1&pagewanted=all

Baseball cards in Ohio attic might fetch millions
http://www.boston.com/business/personal-finance/2012/07/10/baseball-cards-ohio-attic-might-fetch-millions/8JeilYG331bDBgipcWqWQP/story.html

Most Popular Songs
http://www.nypost.com/p/news/business/chill_factor_PGWWse1JQcQz4NmPQkQ5PO




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You May Have Missed---

The new retirement age: 70
http://www.marketwatch.com/story/the-new-retirement-age-70-2012-07-10

((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) 




[headlines]

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SparkPeople--Live Healthier and Longer


SparkPeople--Live Healthier and Longer

Swimming: Take the Plunge!
http://www.sparkpeople.com/resource/fitness_articles.asp?id=615


 


[headlines]

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Sports Briefs----


San Francisco Giants steal the show at All-Star game
http://www.contracostatimes.com/breaking-news/ci_21048339/san-francisco-giants-steal-show-at-all-star

Drew Brees set to become highest-paid player in NFL History
http://www.nola.com/saints/index.ssf/2012/07/drew_brees_deal_with_new_orlea.html

Green Bay Packers post record $43 million profit
http://www.usatoday.com/money/media/story/2012-07-10/green-bay-packers-financials/56134764/1

Over 2,000 to run, bike and swim in the Ironman race this weekend
http://www.pressdemocrat.com/article/20120710/ARTICLES/120719966/1350?Title=Over-2-000-to-run-bike-and-swim-in-the-Ironman-race-this-weekend




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Baseball Poem

After the Game 
From the book 
That Sweet Diamond 
by Paul B. Janeczko, Carole Katchen (Illustrator) 

Bases yanked.
Infield groomed.
Tarp pulled
to the edge of the outfield grass,
smoothed.
Lowered flags folded.
Hisst, hisst, hisst of brooms
sweeping aisles and ramps.
 
Section by section,
the lights go out
until the field is dark,
and the ghosts of players
gone
to other lives
long
for another game
on that sweet diamond.

 

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California Nuts Briefs---

Rally car driver races through S.F. streets (Video)
http://blog.sfgate.com/cityinsider/2012/07/10/rally-car-driver-races-through-s-f-streets-video/




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“Gimme that Wine”

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


California Chardonnay Is America's Favorite Wine
http://www.theledger.com/article/20120709/ENT/120709359

Mark West wine brand sold for $160 million
http://www.pressdemocrat.com/article/20120629/BUSINESS/120629461/1036/
business?Title=Mark-West-wine-brand-sold-for-160-million

Thinking outside the bottle
http://www.pressdemocrat.com/article/20120617/BUSINESS/120619659/1036/
business?Title=Wineries-thinking-outside-the-bottle-

What To Drink Now: New Wines of Greece…Assyrtico from Santorini
http://sidedish.dmagazine.com/2012/07/09/what-to-drink-now-new-wines-of-greece%E2%80%A6assyrtico-from-santorini/


Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

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This Day in History

        1656- Ann Austin and Mary Fisher, two Englishwomen, become the first Quakers to enter the American colonies when the ship carrying them lands at Boston in the Massachusetts Bay Colony. The pair had come from Barbados, where Quakers had established a center for missionary work. The Religious Society of Friends, whose members are commonly known as Quakers, was a Christian movement founded by George Fox in England during the early 1650s. Quakers opposed central church authority, preferring to seek spiritual insight and consensus through egalitarian Quaker meetings. They also advocated sexual equality, and became some of the most outspoken opponents of slavery in early America. Shortly after arriving to Massachusetts, Austin and Fisher, whose liberal teachings enraged the Puritan colonial government, were arrested and jailed. After five years in prison, they were deported back to Barbados. In October of 1656, the Massachusetts colonial government enacted their first ban on Quakers, and on 20 October 1658, ordered Quakers banished from the colony "under penalty of death." On 27 October 1659, William Robinson and Marmaduke Stevenson became the first Quakers to be executed in America when they were hanged from an elm tree on Boston Common. Mary Dyer was sentenced with them but reprieved and warned not to return to Boston. She did, and was hanged on 01 June 1860. In the mid-eighteenth century, John Woolman, an anti-slavery Quaker, traveled the American colonies, preaching and advancing the abolitionist cause. He also organized boycotts of products made by slave labor, and was responsible for convincing many Quaker communities to publicly denounce slavery. Another of many important abolitionist Quakers was Lucretia Mott, who worked on the Underground Railroad in the nineteenth century, helping lead fugitive slaves to freedom in the Northern states and Canada. In addition to her anti-slavery crusade, Mott later became a leader in the movement for women's rights
    1767-birth of John Quincy Adams, the first U.S. president whose father had also been president of the United States. He was the sixth president and the son of the second president. He also has the uniqueness for serving 17 years as a member of Congress from Plymouth, Massachusetts, after serving one single term as president. He died February 23, 1848, at the House of Representatives (in the same room in which he had taken the presidential oath of Office March 4, 1825).
http://www.whitehouse.gov/history/presidents/ja6.html
    1804- Alexander Hamilton was fatally wounded in a pistol duel with Aaron Burr. Hamilton had fought Burr’s run for the presidency in 1800, and for the governorship of New York in 1804, when Hamilton and others suspected that Burr intended to attach New York to the disgruntled New England states in a plan to disunite from the Union and form a northern confederacy. Jefferson and Burr had equal electoral votes, throwing the election to the House where each state would have one vote. There were 35 ballots in a row, deadlocked, until the 36th, and Burr became vice-president (they were separate election for the office at that time). Burr challenged Hamilton, who deliberately misfired before Burr fired with the intent to kill. Burr was later tried for treason in an attempt to have Southern states secede from the union and join Mexico. http://memory.loc.gov/ammem/today/jul11.html
    1719-James Smith, signer of the Declaration of Independence, born at Ireland, date unknown, died 1806 this day.
http://www.ushistory.org/declaration/signers/smith.htm
    1786 - Morocco agreed to stop attacking American ships in the Mediterranean for a payment of $10,000.
    1798 - President John Adams signed the bill that re-established the Marine Corps. The Continental Congress had disbanded the service in April of 1783 at the end of the American Revolution. The Marine Corps, however, recognizes its "official" birthday to be the date that the Second Continental Congress first authorized the establishment of the "Corps of Marines" on 10 November 1775. To add to the confusion of the Corps' actual "historical" birthday, on 1 July 1797 Congress authorized the Revenue cutters to carry, in addition to their regular crew, up to "30 marines." Congress directed the cutters to interdict French privateers operating off the coast during the Quasi-War with France and thought the additional firepower of 30 marines would be needed by the under-manned and under-gunned cutters. It is unknown if any "marines" were enlisted for service with the Revenue cutters during this time.
    1804 - A duel between Aaron Burr and Alexander Hamilton leaves Hamilton dead. Since New Jersey did not have a law against dueling at the time, Burr and Hamilton, both New Yorkers, crossed the Hudson to Weehawken, New Jersey. New York had banned the practice earlier, partly due to Hamilton's own campaign efforts after his son was killed in a duel.
    1819--Birthday of Susan Bogert Warner - remarkably prolific and popular author said to be the first U.S. author to sell a million copies of a book. SBW collaborated on several with her sister Anna Bartlett Warner (08-31-1827) also a successful writer. 
http://en.wikipedia.org/wiki/Susan_Warner
    1846-The American flag replaced the California Republic flag at Sutter's Fort today. As soon as he received word that the U.S. and Mexico were at war, he quickly enrolled local Anglo settlers, mostly recent immigrants from Missouri and Iowa, into a militia force. Numbering about 500 men, Fremont moved the battalion south toward Los Angeles. He soon took the city without a fight. In fact, except for one small engagement of Mexican cavalry against a force of Army Regulars lead by General Stephen Kearny, coming into California from New Mexico, the rest of the colony willingly accepted American control.
    1848-Governor of California, Gen. Richard Barnes Mason, visited gold fields to gather information for a report to the U.S. Government. He was accompanied by his aide, Capt. William T. Sherman. 
    1855-Word arrived here that Los Angeles yesterday suffered the heaviest earthquake ever felt there. Hardly a building escaped damage. Residents said the quake lifted the ground and then twisted it. Bells of the San Gabriel Mission Church were thrown down by the tremor.
    1864-General Jubal A. Early, commanding Confederate troops attempting to draw Union forces away from Richmond, broke through inadequate Union forces southeast of Frederick, MD., and entered the District of Columbia. His goal was to attack the White House, as was General Lee’s original goal when his troops were caught at Gettysburg. At this time, the Union was aware of the original thrust by Lee and his forces and had been re-enforcing the capital. Noting that hastily ordered federal reserves were arriving in significant numbers, Early withdrew the next night. He continued to harass Union forces from Shenandoah Valley until the Battle of Cedar Creek in October. He was elevated by Lee to Lt. General. He was very loyal to Lee and an ardent critic of General Longstreet. 
http://www.jubalearly.org/jubal.html
http://www.civilwarhome.com/earlybio.htm
    1870- Snowden School of Alexandria, VA, was the first African-American School established by a state. The Snowden and Hallowell schools were the first black public schools in the City of Alexandria. In 1915, the Snowden School for Boys was destroyed in a fire, but the students were allowed to attend St. Mary’s Catholic Church School which was located at the time on Wolfe and Royal Streets. In 1920, the Snowden and Hallowell schools were consolidated, and the resulting school was named the Parker-Gray School. Parker-Gray School is named for John Parker, principal of the Snowden School for Boys, and Sarah Gray, principal of the Hallowell School for Girls. 
    1884-the first fountain pen that was practical was invented by ewis Edson Waterman and was manufactured by the L.E. Waterman Company in New York City. The first year about 200 fountain pens were manufactured. They were originally manufactured by hand. Waterman also invented the machinery to produce fountain pens in commercial quantities.
http://inventors.about.com/library/inventors/blwaterman.htm 
    1897 - Blind Lemon Jefferson Birthday 
http://www.78records.com.au/stat-txt/bljstory.html
    1899-birthday of E.B. White, versatile author of books for adults and children “Charlotte’s Web” and editor of the New Yorker Magazine and co-author of the classic” “Elements of Style.” . Died at North Brooklyn, ME, October 1, 1985.
http://www.angelfire.com/biz/tingum/ebwhite.html
http://www.ablongman.com/professional/catalog/academic/product/
1,4096,020530902X,00.html

    1905- A group of African American intellectuals and activists, led by W.E.B. Dubois, founded the Niagara Movement in Niagara Falls, Canada. A forerunner of the National Association for the Advancement of Colored People (NAACP), the movement was formed to fight racial discrimination in the US. Image of the founding members of the Niagara Movement:
http://www.nypl.org/research/sc/scg/photo.html
http://www.geocities.com/CollegePark/Classroom/9912/naacp.html
http://www.cyberlearning-world.com/nhhs/project/1998/blkgroup.htm
    1914 -Babe Ruth made his debut in major league baseball when he took the mound in Fenway Park for the Boston Red Sox against the Cleveland Indians. Ruth was relieved for the last two innings, but was the winning pitcher in a 4-3 game. During his rookie season, Ruth made $2,900. Six years later Ruth would pocket a $125,000 paycheck as a member of the New York Yankees.
    1916-US President Woodrow Wilson signs the Federal Aid Road Act, the first grant-in-aid enacted by Congress to help states build roads. In 1916, roads throughout America were generally poor and most were susceptible to weather. The advent of the Ford Model T brought on new interests in higher standards for roads, and by the early 1900s, motorist clubs like the American Automobile Association (AAA) had rallied around the call for federally funded long-distance highways. Farmers balked at the idea, arguing that paying taxes so city people could go on car tours was unfair. As the car became more important to farmers, however, the ground became fertile for legislation to raise the quality or roads across the country.
    1919-The first golfer to play 180 holes in one day was Edward Styles, who started the marathon contest at 5:53am at the Old York Road Country Club, Philadelphia, PA, played 180 hones, 10 rounds of golf, in 796 strokes, and finished playing at 8:32pm. The average time per round was one hour and nineteen minutes. He walked nearly 40 miles and took time out three times for a change of shoes and for refreshments. His average score was 79.6 strokes per round.
    1932-birthday of guitarist/gospel singer Rev. Charlie Jackson, Summit-McCoom, MS.
    1939-Birthday of Clara Adams-Ender - U.S. nurse who became the first black woman to be made Chief, Department of Nursing, Walter Reed Army Medical Center.
http://www.dom.com/about/education/strong/1993/claraadamsender.jsp
http://www.npr.org/templates/story/story.php?storyId=9152636
    1943--*CRAIG, ROBERT Medal of Honor
Rank and organization: Second Lieutenant, U.S. Army, 15th Infantry, 3d Infantry Division. Place and date: Near Favoratta, Sicily, 11 July 1943. Entered service at: Toledo, Ohio. Birth: Scotland. G.O. No.: 41, 26 May 1944. Citation: For conspicuous gallantry and intrepidity at the risk of life, above and beyond the call of duty, on 11 July 1943 at Favoratta, Sicily. 2d Lt. Craig voluntarily undertook the perilous task of locating and destroying a hidden enemy machinegun which had halted the advance of his company. Attempts by 3 other officers to locate the weapon had resulted in failure, with each officer receiving wounds. 2d Lt. Craig located the gun and snaked his way to a point within 35 yards of the hostile position before being discovered. Charging headlong into the furious automatic fire, he reached the gun, stood over it, and killed the 3 crew members with his carbine. With this obstacle removed, his company continued its advance. Shortly thereafter while advancing down the forward slope of a ridge, 2d
    1944--*ENDL, GERALD L. Medal of Honor
Rank and organization: Staff Sergeant, U S. Army, 32d Infantry Division. Place and date: Near Anamo, New Guinea, 11 July 1944. Entered service at: Janesville, Wis. Birth: Ft. Atkinson, Wis. G.O. No.: 17, 13 March 1945. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty near Anamo, New Guinea, on 11 July 1944. S/Sgt. Endl was at the head of the leading platoon of his company advancing along a jungle trail when enemy troops were encountered and a fire fight developed. The enemy attacked in force under heavy rifle, machinegun, and grenade fire. His platoon leader wounded, S/Sgt. Endl immediately assumed command and deployed his platoon on a firing line at the fork in the trail toward which the enemy attack was directed. The dense jungle terrain greatly restricted vision and movement, and he endeavored to penetrate down the trail toward an open clearing of Kunai grass. As he advanced, he detected the enemy, supported by at least 6 light and 2 heavy machineguns, attempting an enveloping movement around both flanks. His commanding officer sent a second platoon to move up on the left flank of the position, but the enemy closed in rapidly, placing our force in imminent danger of being isolated and annihilated. Twelve members of his platoon were wounded, 7 being cut off by the enemy. Realizing that if his platoon were forced farther back, these 7 men would be hopelessly trapped and at the mercy of a vicious enemy, he resolved to advance at all cost, knowing it meant almost certain death, in an effort to rescue his comrades. In the face of extremely heavy fire he went forward alone and for a period of approximately 10 minutes engaged the enemy in a heroic close-range fight, holding them off while his men crawled forward under cover to evacuate the wounded and to withdraw. Courageously refusing to abandon 4 more wounded men who were Iying along the trail, 1 by 1 he brought them back to safety. As he was carrying the last man in his arms he was struck by a heavy burst of automatic fire and was killed. By his persistent and daring self-sacrifice and on behalf of his comrades, S/Sgt. Endl made possible the successful evacuation of all but 1 man, and enabled the 2 platoons to withdraw with their wounded and to reorganize with the rest of the company.
Lt. Craig and his platoon, in a position devoid of cover and concealment, encountered the fire of approximately 100 enemy soldiers. Electing to sacrifice himself so that his platoon might carry on the battle, he ordered his men to withdraw to the cover of the crest while he drew the enemy fire to himself. With no hope of survival, he charged toward the enemy until he was within 25 yards of them. Assuming a kneeling position, he killed 5 and wounded 3 enemy soldiers. While the hostile force concentrated fire on him, his platoon reached the cover of the crest. 2d Lt. Craig was killed by enemy fire, but his intrepid action so inspired his men that they drove the enemy from the area, inflicting heavy casualties on the hostile force.
    1944-*ENDL, GERALD L.—Medal of Honor
Rank and organization: Staff Sergeant, U S. Army, 32d Infantry Division. Place and date: Near Anamo, New Guinea, 11 July 1944. Entered service at: Janesville, Wis. Birth: Ft. Atkinson, Wis. G.O. No.: 17, 13 March 1945. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty near Anamo, New Guinea, on 11 July 1944. S/Sgt. Endl was at the head of the leading platoon of his company advancing along a jungle trail when enemy troops were encountered and a fire fight developed. The enemy attacked in force under heavy rifle, machinegun, and grenade fire. His platoon leader wounded, S/Sgt. Endl immediately assumed command and deployed his platoon on a firing line at the fork in the trail toward which the enemy attack was directed. The dense jungle terrain greatly restricted vision and movement, and he endeavored to penetrate down the trail toward an open clearing of Kunai grass. As he advanced, he detected the enemy, supported by at least 6 light and 2 heavy machineguns, attempting an enveloping movement around both flanks. His commanding officer sent a second platoon to move up on the left flank of the position, but the enemy closed in rapidly, placing our force in imminent danger of being isolated and annihilated. Twelve members of his platoon were wounded, 7 being cut off by the enemy. Realizing that if his platoon were forced farther back, these 7 men would be hopelessly trapped and at the mercy of a vicious enemy, he resolved to advance at all cost, knowing it meant almost certain death, in an effort to rescue his comrades. In the face of extremely heavy fire he went forward alone and for a period of approximately 10 minutes engaged the enemy in a heroic close-range fight, holding them off while his men crawled forward under cover to evacuate the wounded and to withdraw. Courageously refusing to abandon 4 more wounded men who were lying along the trail, 1 by 1 he brought them back to safety. As he was carrying the last man in his arms he was struck by a heavy burst of automatic fire and was killed. By his persistent and daring self-sacrifice and on behalf of his comrades, S/Sgt. Endl made possible the successful evacuation of all but 1 man, and enabled the 2 platoons to withdraw with their wounded and to reorganize with the rest of the company.
    1944---Top Hits
I’ll Be Seeing You - The Tommy Dorsey Orchestra (vocal: Frank Sinatra)
Long Ago and Far Away - Helen Forrest & Dick Haymes
I’ll Get By - The Harry James Orchestra (vocal: Dick Haymes)
Straighten Up and Fly Right - King Cole Trio
   1946-Dean Martin begins his recording career mere weeks before teaming up with nightclub comic Jerry Lewis. 
    1951-birthday of Bonnie Pointer ( Pointer Sisters), Oakland, CAhttp://www.thepointersistersfans.com/bonnie.html 
    1952---Top Hits
Kiss of Fire - Georgia Gibbs
I’m Yours - Eddie Fisher
Delicado - The Percy Faith Orchestra
That Heart Belongs to Me - Webb Pierce
    1956-John Coltrane Quintet cuts eight titles for Prestige records.
http://www.saintjohncoltrane.org/
    1959 - No. 1 Billboard Pop Hit: ``Lonely Boy,'' Paul Anka.
    1960---Top Hits
Alley-Oop - Hollywood Argyles
I’m Sorry - Brenda Lee
Mule Skinner Blues - The Fendermen
Please Help Me, I’m Falling - Hank Locklin
    1960-Birthday of Richie Sambora, guitarist with Bon Jovi.
http://www.richiesambora.com/
http://www.rollingstone.com/artists/bio.asp?oid=3965&cf=3965
    1962-The Telstar communications satellite picked up broadcast signals from France and bounced them down to an antenna in Maine on 11 July 1962, thus delivering the first live television picture from Europe to America. Telstar was launched from Cape Canaveral as an experiment in TV transmission, and was also used to send radio and telephone signals. Americans watched a seven-minute program, featuring a song by Yves Montand. Historians believe this changed the world more than any other invention in the 20th century.
    1964-Although the music world was being dominated by Rock and Roll, crooner Dean Martin's "Everybody Loves Somebody" cracked the US charts on its way to the Top Ten. 
    1964-The Supremes' "Where Did Our Love Go?" is released and enters the Hot 100. It stays on the chart for 14 weeks and would become the group's first number one hit next August. 
    1964-Stevie Wonder released his first single without the title "Little" in front of his name. "Hey Harmonica Man" reached number 29 on the singles chart, his third Top 40 hit. 
    1964 - With the song "My Boy Lollipop," 18-year old Millie Small found success on the pop music charts. The harmonica tracks were provided by Rod Stewart. In her native Jamaica, Millie Small was known as the "Blue Beat Girl."
    1967 - One day after he and fellow members Thelma Camacho, Mike Settle and Terry Williams left The New Christy Minstrels, Kenny Rogers formed The First Edition. In 1972, The First Edition hosted a syndicated variety show on television. Songs made popular by the group include: "Just Dropped In (To See What Condition My Condition Was In)," "But You Know I Love You," "Ruby, Don’t Take Your Love to Town," "Ruben James," and "Something’s Burning."
    1968---Top Hits
This Guy’s in Love with You - Herb Alpert
The Horse - Cliff Nobles & Co.
Jumpin’ Jack Flash - The Rolling Stones
D-I-V-O-R-C-E - Tammy Wynette
    1969--ROBERTS, GORDON R. Medal of Honor
Rank and organization: Sergeant (then Sp4c.), U.S. Army, Company B, 1st Battalion, 506th Infantry, 101st Airborne Division. Place and date: Thua Thien Province, Republic of Vietnam, 11 July 1969. Entered service at: Cincinnati, Ohio. Born: 14 June 1950, Middletown, Ohio. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Sgt. Roberts distinguished himself while serving as a rifleman in Company B, during combat operations. Sgt. Roberts' platoon was maneuvering along a ridge to attack heavily fortified enemy bunker positions which had pinned down an adjoining friendly company. As the platoon approached the enemy positions, it was suddenly pinned down by heavy automatic weapons and grenade fire from camouflaged enemy fortifications atop the overlooking hill. Seeing his platoon immobilized and in danger of failing in its mission, Sgt. Roberts crawled rapidly toward the closest enemy bunker. With complete disregard for his safety, he leaped to his feet and charged the bunker, firing as he ran. Despite the intense enemy fire directed at him, Sgt. Roberts silenced the 2-man bunker. Without hesitation, Sgt. Roberts continued his l-man assault on a second bunker. As he neared the second bunker, a burst of enemy fire knocked his rifle from his hands. Sgt. Roberts picked up a rifle dropped by a comrade and continued his assault, silencing the bunker. He continued his charge against a third bunker and destroyed it with well-thrown hand grenades. Although Sgt. Roberts was now cut off from his platoon, he continued his assault against a fourth enemy emplacement. He fought through a heavy hail of fire to join elements of the adjoining company which had been pinned down by the enemy fire. Although continually exposed to hostile fire, he assisted in moving wounded personnel from exposed positions on the hilltop to an evacuation area before returning to his unit. By his gallant and selfless actions, Sgt. Roberts contributed directly to saving the lives of his comrades and served as an inspiration to his fellow soldiers in the defeat of the enemy force. Sgt. Roberts' extraordinary heroism in action at the risk of his life were in keeping with the highest traditions of the military service and reflect great credit upon himself, his unit, and the U.S. Army.
    1969-David Bowie's single, "Space Oddity", is released to coincide with the first lunar landing. David Bowie's single, "Space Oddity", is released to coincide with the first lunar landing.
    1969 - No. 1 Billboard Pop Hit: ``In the Year 2525 (Exordium & Terminus),'' Zager & Evans. Evans wrote the song in the year 1964. It is their only song to make the Hot 100.
    1969-The Rolling Stones' "Honky Tonk Women" is released. The band started recording the tune as a Country song based on Hank Williams' "Honky Tonk Blues", but found that it made a better Rocker.
    1970-The soundtrack to the 1969 Woodstock concert becomes the first triple-disc album to top the Billboard chart.
    1970-The Who's "Summertime Blues" is released.
    1974-The Grateful Dead receive two gold records for albums they released in 1970, "Workingman's Dead" and "American Beauty."
    1976---Top Hits
Afternoon Delight - Starland Vocal Band
Kiss and Say Goodbye - Manhattans
I’ll Be Good to You - The Brothers Johnson
The Door is Always Open - Dave & Sugar 
    1979 - No. 1 Billboard Pop Hit: ``Bad Girls,'' Donna Summer.
    1985-Nolan Ryan of the Houston Astros became the first pitcher in baseball history to reach the 4,000 marker in a career strikeouts when he made Danny Heep of the New York Mets his victim in the sixth inning. Ryan finished his career in 1993 with 5,714 strikeouts.
http://www.chron.com/content/chronicle/special/ryan/
    1984---Top Hits
When Doves Cry - Prince
Jump (For My Love) - Pointer Sisters
Eyes Without a Face - Billy Idol
Somebody’s Needin’ Somebody - Conway Twitty
    1985-- Coca-Cola returns as Classic Coke : the company unveiled plans to return the beloved version of Coca Cola--now christened "Classic Coke"--to the market. In the wake of this groundbreaking, company officials quietly conceded that they had erred in halting distribution of the "classic" version of the drink. However, they refused to admit that releasing New Coke was a mistake. Indeed, even though American consumers reviled it, the company kept New Coke in circulation, albeit in cans and bottles that identified the drink simply as "Coke.
    1987-Heart's "Alone" hits #1 for the first of three weeks.
    1987- an eight-pound baby boy Matej Gaspar, born at 1:35AM, EST, at Zagreb, Yugoslavia, was proclaimed the five billionth inhabitant of Earth. The United Nations Fund for Population Activities, hoping to draw attention to population growth, proclaimed July 11 as “Day of the Five Billion,” noting that 150 babies are born each minute. It later became known as “World Population Day.”
http://www.unfpa.org/
( I could not find out any current information about Matej Gaspar,
whether alive or not or employed or unemployed ). 
    1988 - Thunderstorms produced heavy rain in southern Texas, with totals ranging up to 13 inches near Medina. Two men drowned when their pick-up truck was swept into the Guadalupe River, west of the town of Hunt. Ten cities in the eastern U.S. reported record high temperatures for the date. Baltimore, MD, reported a record high reading of 102 degrees for the second day in a row.
    1989 - No. 1 Billboard Pop Hit: ``If You Don't Know Me by Now,'' Simply Red.
    1992- Jerry Garcia introduces a series of neckties he's designed, bearing his name. President Bill Clinton immediately buys the set of eight. 
    1994-Michael Dell, chairman of Dell Computers, announces that the company will pull out of retail and concentrate entirely on its mail-order business. Although the company had predicted just four months earlier that it would expand its retail efforts, the company decided its build-to-order strategy would be more profitable as a strictly mail-order operation. By 1998, the company had become the country's No. 3 seller of computers, after Compaq and IBM. 
    2008-The hand-painted drum skin that appeared on the cover of The Beatles' "Sgt. Pepper's Lonely Hearts Club Band" sold for $1.1 million at a Christie's memorabilia sale in London. John Lennon's handwritten lyrics for "Give Peace a Chance" fetched $834,000, well above pre-sale expectations of around $500,000.

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