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kitmenkin@leasingnews.org
   

 


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

Wednesday, July 18, 2012



Today's Equipment Leasing Headlines

 Archives July 18, 2000
  Fisher-Anderson L.C. Validates CapitalStream.com
Private Label Strategy

     Classified Ads---Collections/Controller
   New Bank Leasing Companies and others, too
    by Christopher Menkin
  Placard ---Green Traffic Light
    Quest for Volume and Market Perceptions
     Driving Up Leasing Hiring Demand in Q2
      Classified Ads---Help Wanted
        Cartoon---They are Both into Sales
   Selling Up by Steve Chriest
    "Predicting a Salesperson's Success"
Why I Became a CLP
  John G. Rosenlund, CLP
    The Fastest Growing Cities in America
     www.747wallst.com
   Labrador Retriever
    Plano, Texas Adopt-a-Dog
      Leasing Software Companies
       Classified----Leasing Attorneys
News Briefs---
Equipment Leasing Plan Could Make Lessees Losers
  Los Angeles sues US Bancorp, calls bank a slumlord
Missing banker's investors file complaint against Atlanta firm
  Builder confidence makes gains in July
     Navy Pier attendances surges to record highs

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.


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

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Archives July 18, 2000
Fisher-Anderson L.C. Validates CapitalStream.com
Private Label Strategy

Partnership Brings Instant Online Deal Flow
to 41 Lease Broker Customers,

Resulting in 30 Deals Per Day

“Yes, it is Bob Fisher, CLP---in his Mickey Mouse shirt, hat and shopping bag reminding us to circle September 14-17 for the next Annual Conference in Orlando. See ya.”
UAEL Newsline, Winter, 2000

SEATTLE, July 18, 2000 /PRNewswire/ -- Capital Stream, Inc. (formerly System 1 Software) announced today that Fisher-Anderson, L.C., a business funding source headquartered in Des Moines, IA, has successfully employed the CapitalStream.com network to create an online "deal space" for Fisher-Anderson's lease broker customers. By private labeling CapitalStream.com with the name F-A Net, Fisher-Anderson created an instant e-commerce site where its customers submit funding applications and view their status, and where Fisher-Anderson performs credit checks, posts various lending programs, and better services its broker customers. Since its launch in February, F-A Net has processed more than $25 million in transaction volume.

Said Bob Fisher, president and CEO of Fisher-Anderson, "We knew that it was time to embrace a 'click and mortar' strategy in order to increase our agility in servicing our business partners and customers. However, creating our own site would have taken an enormous amount of internal resources. We have built a great relationship with CapitalStream through the use of their desktop business finance solutions, and knew the company could deliver an online solution for us with no hassle on our part."

CapitalStream.com enables Fisher-Anderson to manage all of its customer communications online, including policies, rates, newsletters and announcements. Fisher-Anderson's customers, in turn, can fill-out online credit applications, which are automatically linked to the company's tracking and credit scoring programs. Fisher-Anderson's customers--business lease brokers--can then view the real-time status of their applications as they are being processed. To date, more than 41 lease brokers, representing between 25 and 30 small-to-medium ($5,000 to $75,000) lease deals a day, have embraced F-A Net as their preferred way to do business.

Results Beyond Expectations The initial goals of the private labeling of CapitalStream.com by Fisher-Anderson were two-fold: to decrease lease processing costs and time, and to increase deal flow. Both goals have exceeded expectations. Specifically:

-- Credit approval time has decreased from four hours to one
-- Transactions submitted per broker have increased by 25 %
-- Deal processing costs have declined by 10 percent
-- Approval/submission ratios have improved as much as 20%

"Using CapitalStream, Fisher-Anderson is able to strengthen its customer and partner relationships by providing the infrastructure and services to link them together," said Steven Campbell, CapitalStream president and CEO. "We offer Fisher-Anderson a pain-free way to take advantage of the Internet to both improve service to its customers and decrease costs."

About Fisher-Anderson, L.C.
Fisher-Anderson, L.C. is a privately held equipment leasing company and independent lessor. Located in Des Moines, Iowa, the company specializes in small ticket transactions from $5,000 to $150,000 across the continental United States.

The company currently boasts four regional offices, nationwide, and a division in Columbia, SC devoted solely to the commercial vehicle market. Since its inception in early 1995, Fisher-Anderson has carved a niche for itself as a highly service oriented and progressive funding source. It is members of the following professional organizations: NAELB, UAEL & EAEL.

About CapitalStream
Seattle-based CapitalStream offers end-to-end e-commerce marketplace solutions-including customer management tools, work flow automation and an online transaction network-for the global business finance market. The company's e-commerce network, CapitalStream.com, provides an infrastructure for financing companies, manufacturers and B2B e-commerce firms to capture, grow and service customers. CapitalStream has been an established industry leader for five years, and in 1999, its 600 customers used CapitalStream products to facilitate $8.5 billion in transaction volume.

For additional information about CapitalStream visit its web site at www.CapitalStream.com.

 

Bob Fisher, CLP, today
Senior Vice President - Business Development
Ascentium Capital, Kingwood, Texas
http://www.linkedin.com/profile/view?id=69871139&locale=en_US&trk=tyah



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Classified Ads---Collections/Controller


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

Port St Lucie, FL
20+ yrs exp. commercial collection/late stage specialist. 
Prefer to work from home based office or transfer to Sarasota areamichaelgalan@comcast.net | Resume


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

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



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

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


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

 

 

 

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New Bank Leasing Companies and others, too
by Christopher Menkin


Despite the negative news, perhaps more political aimed than reality, or maybe from companies no longer competitive, despite what they claim in their press releases, there have been very few added to the list of "Leasing Companies Out of Business plus No Longer taking Broker/Discounting Business."

In fact, it has been quite the contrary with new leasing companies, new banks entering leasing or expanding, as well as companies now accepting broker business on a qualified program. This has been quite true in the middle market as well as banks looking for portfolios and syndication growth.

There is much activity on Linkedin.com about making connections, looking for business, offering business, and many positive comments.

In the last six months, the press releases of new entities have seen not only announcements from SunTrust, Umpqua Bank, but EverBank, even Bank of the West, not to mention Signature Financial, Pacific Western Equipment Finance (formerly Marquette) or City National in Los Angeles buying First American Equipment in New York, or Paul Weiss and partners in Panthera. The latest finds two companies in Maryland, a revised Capital One Commercial Leasing being headed by Dan McKew and the latest Ed Dahlka with Cole Taylor Equipment Finance.

These companies are in the middle to large ticket, as well as originating and syndicating commercial equipment leases for captive lessors as well as private, community, and regional banks who want to entering leasing. It stimulates the entire industry, makes the field more competitive, and the pessimism printed elsewhere is not being listened to them as they believe the economy is improving and they want to take care of the pent-up demand.

Perhaps it is the summer doldrums as well as the continual negative presidential TV ads and disjoined congress that has held off some, but the new growth sees the potential.

The small ticket market survives very well with Direct Capital showing new highs, as well as Microfinancial (TimePayment), GreatAmerica never had it so good, RLC Funding continues to grow, Pawnee is better than ever, and Financial Pacific not only lowered rates, but is now doing business in Canada.

Independent brokers are still complaining about sources, but that is old news, not new news. The growth of companies such as Channel Partners and OnDeck has been phenomenal with more and more independent brokers turning to this method of making a living. Others still have a following among small businesses (fewer than 50 employees) as well as small vendor operations, and often larger vendors wanting a presence in an area they never have had before. The professionals have built up a following, not only with customers and vendors, but in sources loyal to them, and vice versa.

The trend definitely has been community and regional banks getting more and more into equipment finance and leasing, joining with nonrecourse and recourse partners, and never have portfolios been sought after than today.

Part of the change is the retirement of long time leasing professionals, or into semi-retirement or more vacations or time off with their grandkids or spending time with their spouse (something that may have been overlooked in younger time periods.) It puts the pressure on attracting experienced talent, as well as going after the digital generation that's text messages or is on the digital device as if addicted.

Software, the internet, new methods of communications have cut down the need not only for bodies, but also offices, as more and more are working out of their residences, yet new products, new places for all the generations, as lifestyles are changing, is bringing new business.

These new enterprises announced in the last six months are on the right road to success.


 


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[headlines]
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Quest for Volume and Market Perceptions
Driving Up Leasing Hiring Demand in Q2

Q2 hiring demand in the North American Equipment Leasing and Finance sector increased again this quarter to 558, a rather clear increase from the first quarter hiring levels shown in the index. The hiring demand increase appears centered around several trends that seem to be impacting talent strategies for many organizations. The index measures “demand” as shown by new position postings.

 



Trend 1
Seeking the Rainmakers

Many companies are trying to grow volume and attract true rainmakers, sales people that come with transferable volume. They are dipping their toes into the hiring waters seeking a “dream” candidate that comes with a book of business that would transfer and fit their credit and pricing box. It looks like there are many lines in the water and some fish biting but once on shore, the volume and transferability don’t seem to match the dream expectations. It might be the time in the market where advertising begins to produce diminishing returns in the attraction of top talent, especially in the sales area where the top performers are more valued and protected compared to past years.

Trend 2
More Hiring at the $50,000 to $100,000 Level

Demand is higher for manager and producer roles while senior level hiring has slowed. We are seeing more internal promotions and realigning at the top while fresh talent is being hired for the rank and file roles that need filling.

Trend 3
Perfect Candidate Syndrome

Many companies are operating under a dated premise that if they are hiring, they will hold off filling an open position waiting for the “perfect candidate”. This is creating much longer hiring cycles, additional rounds of interviews and ultimately, open seats on the bus. The challenge with the “perfect candidate syndrome” is top talent is not changing jobs or looking in this market and hiring companies are holding out for an A+ match, not willing to accept B+/ A- candidates. The net result in our index numbers are more open positions appearing on the wires.


About ZRG Partners and the Hiring Index
ZRG Partners, Inc. is a global authority on talent management issues within the equipment finance and leasing markets. ZRG provides its clients with specialized market expertise in executive recruitment, consulting and advisory work with a focus on data and analytics to drive great business decisions.

The Hiring Index is published quarterly and is based on several key proprietary data sources. These data sources include hiring data that comes directly from benchmark firms that make up the Index as well as 20 different national job boards and several leasing industry specific job sites. The sample group includes banks, captives and independents. The next update will be October 2012. We also publish the Global Equipment Leasing and Asset Finance Hiring Index, which looks at global leasing hiring trends as well as the global life sciences hiring index.
www.zrgpartners.com


Global Practice Leaders
Larry Hartmann lhartmann@zrgpartners.com
Ken Vancini kvancini@zrgpartners.com
Ken Lubin klubin@zrgpartners.com

Full Report and more about ZRG Partners:
http://leasingnews.org/PDF/ZRGPartners7172012.pdf

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Leasing News Help Wanted

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.

 

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Predicting a Salesperson's Success

by Steve Chriest

Have you ever rated a candidate for a sales position a “10” on a scale of one to ten? Her interview skills were exceptional. She was articulate and graceful, had all the right answers, offered insights that showed the ability to think creatively about challenges, and seemed eager to get started in her new sales role.

Compared with all other candidates, this person was truly a dream come true. But after only a few months, it became painfully obvious that you made a big hiring mistake. What happened? The problem may with your interviewing process.

According to the International Personnel Management Association, typical hiring methods are ineffective. If you put on a blindfold, and simply pointed to one among a group of candidates lined up against a wall, and hired that person, your hiring method would depend on “chance” for success. If, on the other hand, you're hiring process includes a typical employment interview, your odds of improving over “chance” increase about 1%.

If your hiring process includes a standard personality test, you would again improve your odds over chance by another 1%. If, along with the interview and personality test, you require a candidate to have relevant job experience, your chances of a good hire increase to 5%. If you include a scoreable interview in your hiring process, your odds over chance for a good hire increase to about 7%.

If your company is among a growing number of firms that include validated and objectively administered selection “tests” in their hiring process, you can increase your chances of a good hire by up to 25%. An improvement of 25% over “chance” may not impress you, but the math shows that this is an improvement of 257% over even the best interview processes that lack selection tests!

So, exactly how would a validated and objectively administered selection test help you avoid hiring the candidate you rated a “10” based on your “gut” feeling? Without delving into the specifics, these tests reveal not only aptitude for performance, but a candidate's willingness to perform the duties of the particular sales position. The tests answer the questions: Can the candidate do the job, and is the candidate likely to do the job?

The candidate you rated a “10” may have told a great story, but when it came to performing, she obviously lacked the “will” to do the job. You can use your management and teaching talents to help salespeople improve skill problems, but there is little or nothing you can do to help someone with a “will” problem. Validated and objectively administered selection tests can help you identify skill and will problems, and increase your chances of good hires.

Copyright © 2006 Selling Up TM . All Rights Reserved.

About the author: Steve Chriest is the founder of Selling Up TM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling Up , The Proven System for Reaching and Selling Senior Executives. You can reach Steve at schriest@selling-up.com.

 


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Why I Became a CLP

John G. Rosenlund, CLP
Director—Risk Management
Portfolio Financial Servicing Company

For those of you shaking because you have been told how hard it is----If I can pass the exam ANYONE can and with the tools available (Institute for Leasing Professionals, Master Review Class, CLP Handbook and the availability of individual and group mentors) there should be nothing holding you back. 75% plus of those who take the exam initially pass—those are good odds and as you have to have industry experience, you are already part way there!

The Foundation is a certification group that stresses education, ethics and integrity---principles I have always strived to attain and keep. Prior to becoming a CLP, I knew others in the leasing industries who were CLP’s and was always intrigued at what it was and the requirements to become one.

Obviously I passed the exam (more later on this) but once you become a CLP people ask why and what’s in it for me? My responses in no particular order are as follows:

Giving back
This industry has been my career and we need to pass this knowledge and experience on to the next generation. Being an author of the CLP Handbook in addition to teaching classes has helped me achieve this.

Credibility
I am serious about my job and career and that becoming a CLP tells others I am a dedicated professional who has taken the time to make myself more valuable to my company and others I work with in the industry. In addition, it tells people I follow a strict set of guidelines as to integrity and ethics in business.

Helping Others
I enjoy teaching and instructing the ILP & Master Review classes which creates a great way to meet the new people coming into our industry and giving them the direction and help they need.

Forum to share and learn
I have had numerous mentors in this industry from Bob Teichman, Jim Merrilees’, Chris Walker and Jim McCommon to name a few (there are many others too numerous to name). These individuals helped me learn the industry and without them, I’m not sure where I’d be today. The Foundation offers group mentoring and individual mentors as this is a tried and true method of preparing to learn about the various aspects of our business from those who have been successful. It is also an excellent tool for preparing for the CLP Exam.

My initiation into the world of finance was in 1975, when I started with Beneficial Finance and became a branch Manager at the ripe old age of 21. This was in Alaska during the pipeline boom and at the ripe old age of 23, I bought a collection agency and became the only commissioned Officer of Superior Court for the First Judicial District. I served legal papers, garnishments and did seizures for local, State and Federal agencies as well as auto repossessions for Seattle banks. I came back to the “lower 48” several years later and worked as Finance-Inventory Manager at a 100 store outlet Piano--Organ chain that succumbed to the “great recession of 1980-81.

My initiation into the leasing business was in 1981 when I went to work at IFG Leasing in Portland, OR. I learned a lot about commercial rules, lending and leasing terminology. Several IFG staff then moved over to Colonial Pacific Leasing where I followed and worked in various departments, but primarily in the legal collection and asset management groups. In addition to my core duties, I learned about lease sales, marketing programs and how all the various departments interact and operate.

After CPL, I worked in several diverse areas’ including venture capital, large ticket and a small ticket vendor group, before joining Financial Pacific in 2000 as VP Portfolio Services where I was encouraged to take the ILP and then the exam. Shortly after, I became active in the United Association of Equipment Leasing (UAEL—now, NEFA: National Equipment Finance Association) teaching the ILP (Institute for Leasing Professionals) and then was selected as Chairman of the Education committee, then selected to the Boards and Executive Committees of the CLP Foundation and UAEL-NEFA. I currently serve as Treasurer of the CLP Foundation and VP of NEFA. After a too brief a stint at a start-up leasing company, I was recruited and hired as Director of Risk Management here at Portfolio Financial Servicing Company (PFSC.)

I have also had the privilege of serving on the CLP and NEFA Boards. This has been a great privilege as I have served and worked with many outstanding, quality people and our common bond is to create an environment for people to learn about our industry, stress ethical business practices and offer education and assistance to those requesting it.

If you are ready to take the next step in your professional life, consider becoming a CLP. There are no guarantees of success; however you’ll be glad you invested the time and energy to enhance the knowledge and careers of yourself and your colleagues.

Go to the foundation website, www.clpfoundation.org for more information.

Mr. Terry Winders, CLP
Anaheim, California

April 5 & 6

Two Day Seminar
sponsored by
Equipment Leasing Department
4040 MacArthur blvd, Suite 100
Newport Beach, CA 92660

The seminar will contain information on how to approach leasing in 2012 with the following subjects:

  • New lease language
  • Proposed new accounting rules for lessee's
  • Structuring and pricing for competition
  • Income tax rules, Article 2A vs. Article 9
  • New reasons to lease
  • Questions to ask lessee
  • Vendor needs
  • Credit enhancements
  • Documentation issues
    and a take home assignment to see how to propose a lease.

Cost $450 per person

Registration and Outline of Course: PDF

For questions, please contact Mr. Terry Winders, CLP, at leaseconsulting@msn.com or call 502-649-0448.

 

 

 

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The Fastest Growing Cities in America
www.747wallst.com

10.
El Paso, Texas
Change in population: 2.5%
Population 7/11: 665,568
Population 4/10: 649,152
Average annual city unemployment (2011): 9.5%
Increase in jobs (2010 to 2011): 2,700 (0.97%)

El Paso’s population increased by 16,416 over just 15 months, from April 2010 to July 2011. Job opportunities in the city and its surrounding area also grew at that time, and the city’s unemployment rate was down 0.7% percentage points year-over-year as of May 2012. While the metro region only added a few thousand jobs, the majority came in the leisure and hospitality industries. Perhaps inspired by these developments, the El Paso City Council has recently set forth plans to build a baseball stadium using tax revenue generated by the city’s hospitality industry.

9.
Charlotte, North Carolina
Change in population: 2.7%
Population 7/11: 751,087
Population 4/10: 731,424
Average annual city unemployment (2011): 9.2%
Increase in jobs (2010 to 2011): 19,200 (2.38%)

From 2010 to 2011, Charlotte’s average annual unemployment rate fell from 9.7% to 9.2%. This was in part due to an increase in professional and business services jobs, which accounted for around 8,500 of the 19,200 jobs the Charlotte-Gastonia-Rock Hill MSA added between 2010 and 2011. Charlotte also seemed to have enjoyed a construction boom in recent years. In 2010, 12% of buildings were less than five years old, one of the highest figures among large metro regions in the United States. After a 2.4% price decline from fourth quarter 2010 to fourth quarter 2011 within Charlotte’s MSA, home sales volumes in the area have rebounded strongly — up 14% from June 2011 to June 2012.

8.
Washington, D.C.
Change in population: 2.7%
Population 7/11: 617,996
Population 4/10: 601,723
Average annual city unemployment (2011): 10.2%
Increase in jobs (2010 to 2011): 28,800 (1.2%)

The Washington, D.C., area added more than 16,000 people between April 2010 and July 2011. However, between 2010 and 2011, the region added 28,800 jobs, a 1.2% increase. As of 2010, it had the wealthiest major metropolitan region in the country, with a median annual household income of $84,523. More than half of households in the region earn at least $100,000 a year, the largest proportion in the country among large MSAs. While home prices fell in most major U.S. cities between the end of 2010 and the end of 2011, Washington’s declined just 0.7%, one of the smallest drops in the country during that time.

7.
Atlanta, Georgia
Change in Population: 2.9%
Population 7/11: 432,427
Population 4/10: 420,005
Average annual city unemployment (2011): 12.1%
Increase in jobs (2010 to 2011): 28,900 (1.27%)

Though average annual unemployment was extremely high in Atlanta in 2011 at 12.1%, it was actually a significant improvement over 2010 unemployment rate of 12.7%. Additionally, Atlanta’s MSA has experienced significant job growth, adding 28,900 positions between 2010 and 2011. Some 15,400 of these net positions created were in the professional and business services fields. Companies, in these and other fields, that have announced plans to add jobs in the Atlanta area include AT&T (NYSE: T), CBS (NYSE: CBS) and financial technology firm Q2ebanking. The city has also attracted skilled laborers from abroad, with 5,108 individuals receiving H1B visas to work in Atlanta in 2011.

6.
Tampa, Florida
Change in population: 3.1%
Population 7/11: 346,037
Population 4/10: 335,709
Average annual city unemployment (2011): 11.2%
Increase in jobs (2010 to 2011): 20,300 (1.8%)

While at the top of the list for its increase in population, Tampa is at the bottom of cities for median income. Of the 68 MSAs included in the study, the Tampa metropolitan area has the fourth-lowest median annual household income of $43,547. It has the second-highest proportion (15.8%) of households with annual income between $35,000 and $49,999. Driving Tampa’s increase in jobs are the leisure and hospitality industries, with a 2.5% increase between 2010 and 2011. One Touch Direct alone has pledged to create 700 jobs in the area. This increase in jobs helped Tampa have the second-largest decrease in unemployment between May 2011 and 2012.


5.
Raleigh, North Carolina
Change in population: 3.1%
Population 7/11: 416,468
Population 4/10: 403,903
Average annual city unemployment (2011): 7.6%
Increase in jobs (2010 to 2011): 10,500 (2.07%)

Raleigh’s economy suffered through a tough year in 2009, as the Raleigh-Cary MSA’s real gross domestic product declined 0.93%. However, Raleigh’s economy recovered, growing at a robust 5.2% pace in 2010. In 2011, the Raleigh MSA added 10,500 jobs over the year with 3,200 of these coming from the trade, transportation and utilities industries, which cumulatively make up what are as of May the city’s largest employers. Much of the Raleigh area’s housing is new — 14.6% of all housing units were created between 2005 and 2010. In 2011, Meritage Homes (NYSE: MTH), the United States’ ninth-largest homebuilder, began constructing homes in the region.

4.
Denver, Colorado
Change in population: 3.3%
Population 7/11: 619,968
Population 4/10: 600,008
Average annual city unemployment (2011): 9.1%
Increase in jobs (2010 to 2011): 18,100 (1.5%)

Denver’s population increased by 19,960 between 2010 and 2011, and it has outpaced the national growth rate for the past eight decades. According to the Metro Denver Economic Development Corporation, much of this population growth is from the in-migration of educated people. In Denver, 40.2% of residents 25 years of age and older have bachelor’s degree or higher.

3.
Plano, Texas
Change in population: 3.8%
Population 7/11: 269,776
Population 4/10: 259,841
Average annual city unemployment (2011): 6.9%
Increase in jobs (2010 to 2011): 41,700 (2.1%)

Plano’s population increased by almost 10,000 between April 2010 and July 2011. Much of this may have been due to the availability of jobs, as 41,700 net jobs were added in 2011 within the Dallas-Plano-Irving metropolitan division, making up more than two-thirds of those added in the MSA. Plano’s government actively recruits multinational enterprises to move their headquarters or other major facilities to the city, and has succeeded in attracting Pizza Hut, JCPenney (NYSE: JCP), Atmos Energy (NYSE: ATO), Rent-A-Center (NASDAQ: RCII) and other corporations to do so. Another facet of the city’s appeal may be its safety record. In 2011, the city had a violent crime rate of just 1.6 incidents per year per 100,000 residents. This was the lowest figure of any of the 68 cities on our list.

2.
Austin, Texas
Change in population: 3.8%
Population 7/11: 820,611
Population 4/10: 790,390
Average annual city unemployment (2011): 6.2%
Increase in jobs (2010 to 2011): 21,900 (2.8%)

Austin added 30,221 people between April 2010 and June 2011, a rate of more than 2,000 per month. Alongside this population growth, the Austin-Round Rock-San Marcos MSA has experienced tremendous economic growth. Real GDP rose 6.97% from 2009 to 2010, while the area added 21,900 jobs in 2011, helping to lower the unemployment rate to 6.2% that year. In 2010, 15% of housing units in the metropolitan area were five years old or less, the highest such proportion among all metropolitan areas reviewed by 24/7 Wall St. While many regions had weak housing markets in 2011, Austin housing prices actually rose in the fourth quarter of 2011 versus the last quarter of the previous year, reaching a median price of $188,000.

1.
New Orleans, Louisiana
Change in population: 4.9%
Population 7/11: 360,740
Population 4/10: 343,829
Average annual city unemployment (2011): 8.8%
Increase in jobs (2010 to 2011): 6,900 (1.3%)

Continuing to rebound from the effects of Hurricane Katrina, New Orleans had the highest population growth in the country for any city over the size of 100,000. The city’s rate of population growth (4.9%) is more than six times the national average of 0.73%. The Big Easy’s MSA (New Orleans-Metairie-Kenner) had significant growth in information jobs and education and health services, at 7% and 3.6% respectively. Despite this growth, the city’s population is at just 80% of pre-Katrina levels.

Michael A. Sauter, Alexander E. M. Hess and Elisabeth Uible
www.747wallst.com

 

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

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Labrador Retriever
Plano, Texas Adopt-a-Dog





Pet ID: A095781
Carly
Female

Carly is a lovely young dog who is playful and very sweet. She loves to go for walks. She is about 10 months of age and so eager to please you. When inquiring about an animal, please be sure to use the animal identification number that begins with AO.”

Plano Animal Shelter, Plano, TX • 972-769-4360 • debbien@plano.gov

4028 West Plano Parkway (just West of Coit Rd.)
Plano, TX 75093.

The shelter is open Tuesday-Friday 9-6, Saturday and Sunday from 10-4. Visitations and adoptions end 15 minutes before closing. We are closed on Mondays.

All dogs over the age of 6 months are only $40 and all VIP dogs are only $25!!! HURRY IN AND ADOPT SOON!!!!

Adoption fees for dogs and cats is only $80.

Adoption fee includes spay/neuter, worming, first dog or cat vaccination, bordetella vaccination, rabies vaccination, heartworm test for dogs if old enough, a microchip which includes the first year registration, a leash, a collar, a starter food packet including discount coupons AND discounted puppy or dog training classes. Since all animals must be spayed or neutered before they leave the shelter, all are indicated that they are spayed or neutered

 

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

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

 

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Leasing Software Companies

Apak Group Integron Corporation Seritus Solutions
Better Programs International Decision Systems Shaw Systems
Capital Stream Ivory Consulting Summit National
CHP Consulting Lease Team Systems for Financial Accntng
Cornerstone Software NetSol Technologies, Inc. Tax Compliance, Inc.
Cyence International Odessa Technology Thoughtworks
Dominion Leasing Software Preferred Business Solutions UCC Direct
eCredit SAP Vision Commerce
eFinance Senour Designs, Inc White Clarke North American
Experian - scorex    
FinanceEdge Software, LLC    
Financial Computer Systems, Inc.    

 

 

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Client Looking For A Leasing Attorney

Birmingham, Alabama
The lawyers of Marks & Weinberg, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel. 
Email: Barry@leaselawyer.com
Website: www.leaselawyers.com
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 
Email: leaselaw@msn.com

Kenneth C. Greene
California & Nevada 
Hamrick & Evans, LLP, Universal City , LA; San Francisco Bay 
Area, No.Calif. & Nevada. Call for free consultation (828)763-5292 or (415) 806-2254,
kgreene@hamricklaw.com
Connecticut, Southern New England: 
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. 
email: rcfeldman@snet.net  
Los Angeles, Southern CA 
Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email: vvf@pacbell.net.

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt collection, and bankruptcy.
Call Stephen E. Jenkins Esq (818) 501-3800

Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net 

Los Angeles -statewide: CA      "ELFA"
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com   

Long Beach, CA 
Wagner & Zielinski,  successfully representing lessees/ lessors.  Not a member of any leasing organization, therefore not beholden to special interests.  Richard Wagner 
(562) 216-2952 www.wzlawyers.com

Long Beach CA.
Paul Bent -- 30 years experience in all forms of equipment leasing, secured lending, and asset based transactions, from analysis and deal structuring to contract negotiations to closing to private dispute resolution. (562) 426-1000
www.paulbent.com

Illinois
Trabaris, P.C.: Finance attorney with 24 years’ experience with transactional, documentation, secured financing and workouts/restructurings.  Kevin Trabaris.  Phone:  847-205-4377.  Email:kevin@trabaris.com

Website: www.trabaris.com.   Blog:http://www.trabaris.com/info/blog/

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
email: dmayer@pattonboggs.com
Website: 
www.pattonboggs.com
National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection, 
billable litigation (704-969-3280)
tong_92@yahoo.com

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA). 
email: Jcoston@costonlaw.com
Website:www.costonlaw.com

St. Louis County , MO. - statewide: 
Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. 
Ronald J. Eisenberg, Esq. (636) 537-4645 x108 
reisenberg@sl-lawyers.com
www.sl-lawyers.com
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey
Peretore & Peretore, P.C. documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy.  Aggressive. Over 25 years experience.www.peretore.com

Thousand Oaks, California: 
Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation.
Nick Iezza 805-777-1175
niezza@spiwakandiezza.com

 

 


 

Why Choose Advanced Property Tax Compliance?

Dedicated to the leasing industry
click here to learn more.

Hear What Our Clients say about us
click here

Gary DiLillo, President 440.871.0555 or gary@avptc.com



News Briefs----

 

Equipment Leasing Plan Could Make Lessees Losers
http://www3.cfo.com/article/2012/7/gaap-ifrs_fasb-iasb-lease-accounting-equipment-leases

Los Angeles sues US Bancorp, calls bank a slumlord
http://www.reuters.com/article/2012/07/17/usbancorp-losangeles-idUSL2E8IH3XA20120717?source=email_rt_mc_body&ifp=0

Missing banker's investors file complaint against Atlanta firm
http://www.ajc.com/business/missing-bankers-investors-file-1479024.html

Builder confidence makes gains in July
http://www.upi.com/Business_News/2012/07/17/Builder-confidence-makes-gains-in-July/UPI-39131342549039/

Navy Pier attendances surges to record highs
http://www.chicagotribune.com/business/breaking/chi-navy-pier-attendance-surges-to-record-highs-20120717,0,7146376.story


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You May Have Missed---

Unique hotels in the West
http://www.sfgate.com/travel/article/Unique-hotels-in-the-West-3702952.php





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SparkPeople--Live Healthier and Longer


SparkPeople--Live Healthier and Longer

Sweat it Out with the Benefits of Tennis
http://www.sparkpeople.com/resource/fitness_articles.asp?id=242


 


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Sports Briefs----

Knicks Make It Official: Lin Is Gone
http://www.nytimes.com/2012/07/18/sports/basketball/knicks-lin-rockets-offer-sheet.html?_r=1&hp



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Baseball Poem

God Protects Fools with Curveballs

Going after her 
Was chasing
A bad pitch,
A sharp curve
That tailed off
Into the dirt, 
Evaded the end
Of my whirling bat. 
Thank goodness
I only looked stupid
On the first strike.

Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com

 

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California Nuts Briefs---


Largest public pension fund earns dismal 1%
http://www.usatoday.com/money/perfi/retirement/story/2012-07-16/California-state-pension-fund/56256380/1

Buy a business? San Diego price is $193,000
http://www.utsandiego.com/news/2012/jul/17/buy-business-prices-are-down-san-diego/

Silicon Valley venture capitalist Steve Westly the star of new GOP attack ad on Obama “crony capitalism”
http://blog.sfgate.com/nov05election/2012/07/17/silicon-valley-venture-capitalist-steve-westly-the-star-of-new-gop-attack-ad-on-obama-crony-capitalism-video/




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“Gimme that Wine”

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



More Women at Acclaimed Wineries
http://www.winesandvines.com/template.cfm?section=news&content=103043&htitle=
More%20Women%20at%20Acclaimed%20Wineries&

Winejobs.com Launches in Canada
http://www.winebusiness.com/news/?go=getArticle&dataid=102933

Rosenthal Wine Estate in Malibu Is Listed for $59.5 Million
http://online.wsj.com/article/SB10001424052702303919504577521360210620818.html
?mod=googlenews_wsj

Margrit Mondavi’s new book
http://napavalleyregister.com/lifestyles/food-and-cooking/wine/columnists/george-starke/margrit-mondavi-s-new-book/article_b26e319c-cc7a-11e1-8a77-0019bb2963f4.html


 

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

       1753-birthday of Lemuel Haynes, colonial American Congregational clergyman. In 1785, Haynes, 32, was ordained to a church in Torrington, Connecticut, making him the first African-American to pastor a white church. 
http://www.hartford-hwp.com/HBHP/exhibit/04/
1768, “Liberty Song,” also known as “ In Freedom We’re Born” was published by John Mein and John Fleming in the Boston Gazette, Ma., and became the first popular American patriotic song.
    1775-the first Revolutionary War volunteer detachment to arrive in Cambridge, MA, to fight the British was the Reading Rifleman of Reading, PA. On my mother’s side of the family, her great-great grandfather was in this unit. The Rifleman of York, PA, arrived on July 25.
    1792---Today in History salutes John Paul Jones
( lower half of: http://memory.loc.gov/ammem/today/jul18.html )
    1890- Birthday of Charles (Chick) Evans, Jr., golfer born at Indianapolis, IN. Evans competed as an amateur against the best professionals in the early 20th century, winning the US Open in 1916. In the 1920s he established the Chick Evans Caddie Foundation, later called the Evans Scholarship Fund, that has helped send more than 4,000 people to college. Died at Chicago, IL, Nov 6,1979.
    1863- in a second attempt to capture Fort Wagner, outside Charleston, SC, Federal troops were repulsed after losing 1,515 men as opposed to Southern losses of only 174. The attack was led by the 54th Massachusetts Colored Infantry, commanded by Colonel Robert Gould Shaw, who was killed in the action. This was the first use of black troops in the war. The film Glory was based on the Massachusetts 54th, and this was the attack featured in the film. Fort Wagner was never taken by the Union. Shaw was commander of the 54th Massachusetts Infantry, perhaps the most famous regiment of African-American troops during the war. Fort Wagner stood on Morris Island, guarding the approach to Charleston harbor. It was a massive earthwork, 600 feet wide and made from sand piled 30 feet high. The only approach to the fort was across a narrow stretch of beach bounded by the Atlantic on one side and a swampy marshland on the other. Yankee troops had to march 1,200 yards down the beach to the stronghold, facing a hail of bullets from the Confederates. Shaw's troops and other Union regiments penetrated the walls at two points but did not have sufficient numbers to take the fort. Over 1,500 Union troops fell or were captured to the Confederates' 222. Despite the failure, the battle proved that African-American forces could not only hold their own but also excel in battle.
http://www.us-civilwar.com/shaw.htm
    1893-The first 18-hole golf course in America, the Chicago Gold Club, laid out by Charles Blair MacDonald, was incorporated at Wheaton, IL. MacDonald was the architect of many of the early US courses which he attempted to model on the best in Scotland and England. It was his belief that at each tee a golfer should face a hazard at the average distance of his shot.
    1896- John M. Shippen, a caddie, age 16, played in a tournament held at the Shinnecock Hills Golf Club, Southampton, NY, becoming the first African-American to play in an official amateur tournament. His score was 159 (78 and 81 ). First prize of $200 went to James Foulis of Chicago, IL, with a score of 152 ( 78 and 74 ).
    1905—Birthday of 1905, Greta Garbo, Swedish-American actor of the almost perfect face, and one of the great stars of cinema. She made 24 films in Hollywood and was nominated for Academy Awards four times. She was finally awarded a special Academy award in 1954 "for her unforgettable screen performances." Although she retired in 1941 to live in seclusion in New York, the papparzi continued to chase her and the gossip newspapers printed photos of her when she was in her 70s and 80s - even while swimming. 
      She hated making movies and condemned their superficialities as well as the burden of being portrayed a beautiful thing rather than a human being. 
      Greta Gustafsson left school at 14 to work after her father died. A film director saw her, admired her beauty and gave her a small part in a movie. She then studied at the Royal Dramatic Theater School in Stockholm for two years where she met Mauritz Stiller, the foremost Swedish film director of his time who renamed her Garbo. When he went to the United States to work for MGM, he took her along. Garbo's fame soon eclipsed his. 
      One of the few stars who were able to move from silent films to talkies, she made The Torrent (1926), Flesh and the Devil (1927), Love (1927), A Woman of Affairs (1929), and Wild Orchids (1929). Garbo starred in "talkies" for the next 14 years before walking away from movies, some say because her box office draw was dwindling, others because she was aging and didn't want the world to watch the process. Others noted her hatred of the Hollywood superficiality. 
      The Hollywood publicists blared "Garbo Talks!" as she starred in her first talkie, Anna Christie (1930), followed by Mata Hari (1932), Grand Hotel (1932), Queen Christina (1933), Anna Karenina (1935), Camille (1936), and Ninotchka (1939). She died in New York City on April 15, 1990. Yes, she was a lesbian rather than a bi-sexual. Ironically, Marlene Dietrich who was brought to the U.S. as a rival to Garbo was a bi-sexual who, in private life, also played the rival to several of Garbo's women lovers. "I said I wanted to be left alone, not I want to be alone. There is a great difference," Garbo explained about the misquote that is universally attributed to her.
    1905--Birthday of Agnes DeMille, major U.S. ballet choreographer whose ballet Rodeo (1942) for the Ballet Russe de Monte Carlo revolutionized ballet by using modern dance techniques and movements from life rather than just the standard ballet movements. As an honored Broadway and screen choreographer of legendary proportions, she created ballets seen in such plays and movies as Oklahoma, Carousel, Fall River Legend, Brigadoon, etc. Her greatest contributions that revolutionized musical drama were to use American themes and folk dancing and gestures an integral part of her choreographing, and to incorporate dance as a part of the action, not just a diversion. Her dance routines moved the action along and developed the story line rather than being pleasant interruptions.
    1906- Clifford Odets began his writing career as a poet before turning to acting. He helped found the Group Theatre in 1931. In 1935 he returned to writing with works for the Group Theatre such as Waiting for Lefty, Awake and Sing! and Golden Boy. His proletarian views helped make him a popular playwright during the Depression years. He spent his later years in Hollywood as a “script doctor.” Odets was born at Philadelphia, PA, and died at Los Angeles, CA, Aug 15, 1963.
http://www.colonytheatre.org/bios/OdetsClifford.html
http://lead.csustan.edu/english/reuben/pal/chap8/odets.html
    1918---KOCAK, MATEJ (Army Medal) Medal of Honor
Rank and organization: Sergeant, U.S. Marine Corps, 66th Company, 5th Regiment, 2d Division. Place and date: Near Soissons, France, 18 July 1918. Entered service at: New York, N.Y. Born: 31 December 1882, Gbely (Slovakia), Austria. G.O. No.: 34, W.D., 1919. (Also received Navy Medal of Honor.) Citation: When the advance of his battalion was checked by a hidden machinegun nest, he went forward alone, unprotected by covering fire from his own men, and worked in between the German positions in the face of fire from enemy covering detachments. Locating the machinegun nest, he rushed it and with his bayonet drove off the crew. Shortly after this he organized 25 French colonial soldiers who had become separated from their company and led them in attacking another machinegun nest, which was also put out of action.
    1927-Ty Cobb records his 4,000 hit.
http://memory.loc.gov/ammem/today/jul18.html 
    1928---Carl Fontana birthday 
http://www.ita-web.org/news/fontana.asp
http://www.jazzprofessional.com/interviews/carl%20fontana.htm
    1929- Birthday of eccentric rock 'n' roller Screamin' Jay Hawkins, born in Cleveland. Hawkins, more renowned for his stage antics than his music, had such 1950's hits as "I Put a Spell on You" and "Feast of the Mau Mau." Anticipating such later rock theatrics as those of Arthur Brown and Alice Cooper, Hawkins used to be carried on stage in a flaming coffin.
    1932-Louis Armstrong opened at London Palladium, first time.
    1935---Birthday of Tenley Albright - U.S. figure skater who won the figure skating gold medal at the 1956 Olympics, won the world amateur figure skating championship 1953, and won the U.S. championships 1951-1956. Harvard Medical School required she retire from competition before she could attend classes. She received her M.D. 1961, and became a surgeon. TA had a mild form of polio when she was 11 and exercised to strengthen her body. In 1979 she became the first woman officer of the U.S. Olympic Committee.
    1936 - The Spanish Civil War begins as a revolt by right-wing Spanish military officers in Spanish Morocco and spreads to mainland Spain. From the Canary Islands, General Francisco Franco broadcasts a message calling for all army officers to join the uprising and overthrow Spain's leftist Republican government. Within three days, the rebels captured Morocco, much of northern Spain, and several key cities in the south. The Republicans succeeded in putting down the uprising in other areas, including Madrid, Spain's capital. The Republicans and the Nationalists, as the rebels were called, then proceeded to secure their respective territories by executing thousands of suspected political opponents. In 1931, Spanish King Alfonso XIII authorized elections to decide the government of Spain, and voters overwhelmingly chose to abolish the monarchy in favor of a liberal republic. Civil war fare brook out. General Franco crushed the so-called October Revolution on behalf of the conservative government, and in 1935 he was appointed army chief of staff. In February 1936, new elections brought the Popular Front, a leftist coalition, to power, and Franco, a strict monarchist, was sent to an obscure command in the Canary Islands off Africa. Fearing that the liberal government would give way to Marxist revolution, army officers conspired to seize power. After a period of hesitation, Franco agreed to join the military conspiracy Up to a million lives were lost in the conflict, the most devastating in Spanish history. Franco subsequently served as dictator of Spain until his death in 1975.
    1936 - Carl Mayer, nephew of Oscar Mayer, invented a quaint entry into Americana: the Oscar Mayer Wienermobile. The first Wienermobile rolled out of General Body Company's factory in Chicago on this day. The Wienermobile tours around the U.S. fascinating children of all ages as it promotes the famous Oscar Mayer wiener.
http://www.carnut.com/mobilia/mobilp15.html
    1939-birthday of Dion ( Don Francis DiMucci) of the Belmonts, Bronx, NY
    1939-Erskine Hawkins records “Tuxedo Junction”, ( Bluebird 10409)
http://www.alamhof.org/hawkinse.htm
    1940-birthday of baseball manager and former player, Joe Torre, born New York, NY.
http://www.sportsstarsusa.com/baseball/torre_joe.html
    1941-Birthday of Martha Reeves, of the Motown group Martha and the Vandellas, born in Detroit, MI. The trio - sort of a harder-sounding Supremes - had a series of hit dance records in the 1960's, including "Heat Wave," "Quicksand" and their biggest, "Dancing in the Streets," which went to number two on the Billboard Hot 100 in 1964. "Dancing in the Streets" was revived in 1985 as a duet for Mick Jagger and David Bowie. By 1967, when they hit the charts with "Honey Chile" and "Jimmy Mack," the group was being billed as Martha Reeves and the Vandellas. The trio broke up in 1973 and Martha Reeves went on to a solo career 
http://members.aol.com/mreeves653/martha.html
    1942 - A record deluge occurred at Smethport in northern Pennsylvania, with 30.7 inches in just six hours. The downpours and resultant flooding in Pennsylvania were devastating.
    1947- President Harry S Truman signed an Executive Order determining the line of succession should the president be temporarily incapacitated or die in office. The speaker of the house and president pro tern of the senate are next in succession after the vice president. This line of succession became the 25th Amendment to the Constitution, which was ratified Feb 10, 1967.
    1951---Top Hits
Too Young - Nat King Cole
Mister and Mississippi - Patti Page
The Loveliest Night of the Year - Mario Lanza
I Wanna Play House with You - Eddy Arnold
    1951-Jersey Joe Walcott won the heavy weight championship of the world when he knocked out Ezzard Charles in the seventh round of a fight at Forbes Field in Pittsburgh. Walcott, at 37, the oldest fighter to win the crown, kept the title until he was knocked out by Rocky Marciano on September 23, 1952.
http://www.ibhof.com/walcott.htm
    1953- An eighteen-year-old truck driver from Memphis, Elvis Presley, visits the Memphis Recording Service at 706 Union Avenue, later to be known as Sun Studios, in order to record a novelty 45 for his mother's birthday. The two recordings, "My Happiness" and "That's When Your Heartaches Begin," were thought to be lost for decades; Elvis later admits that he made the records to see "what I sounded like," since his mother's birthday was actually in April. Presley pays $3.98 for the privilege. Marion Keisker, assistant to label head Sam Phillips, likes what she hears; she takes down Presley's information and notes that he is a "good ballad singer." As she recalled years later: "I said, 'What kind of singer are you?' He said, 'I sing all kinds.' I said, 'Who do you sound like?' He said, 'I don't sound like nobody.'"
    1954- Birthday of country singer Ricky Skaggs, born in Cordell, Kentucky. Skaggs' success heralded a revival of traditional country music in the early 1980's. His first solo LP on a major label, 1981's "Waitin' For the Sun to Shine," produced two number-one singles, "I Don't Care" and "Cryin' My Heart Out Over You." Skaggs was recognized by the Nashville music establishment in 1982 when he won Country Music Association awards for male vocalist and newcomer of the year. His chart-topping singles since then have included "Heartbroke," "Honey (Open That Door)" and "Country Boy."
http://www.skaggsfamilyrecords.com/
    1959---Top Hits
Lonely Boy - Paul Anka
Waterloo - Stonewall Jackson
Tiger - Fabian
The Battle of New Orleans - Johnny Horton
    1960--Elvis Presley releases "It's Now or Never."
    1960- Brenda Lee's "I'm Sorry" hits #1
    1964 - Pete Rose of the Cincinnati Reds connected for the only grand-slam home run of his career. It came against the team he would later play for -- the Philadelphia Phillies. Rose had been in the major leagues for only two years and was just 22 at the time. Dallas Green (later to become manager of the Phillies) gave up the gopher ball to Rose. 
    1964 - The 4 Seasons reached the top spot on the record charts with "Rag Doll", the group’s fourth hit to climb to the #1 position. The song stayed on top for two weeks. Other #1 hits by Frankie Valli and company include, "Big Girls Don’t Cry", "Walk Like a Man", and "December, 1963 (Oh, What a Night)".
    1964- The Rolling Stones make their first hit on the American charts with their cover of Buddy Holly's "Not Fade Away." 
    1966--McGINTY, JOHN J. III Medal of Honor
Rank and organization: Second Lieutenant (then S/Sgt.), U.S. Marine Corps, Company K, 3d Battalion, 4th Marines, 3d Marine Division, Fleet Marine Force. place and date: Republic of Vietnam, 18 July 1966. Entered service at: Laurel Bay, S.C. Born: 2 1 January 1940, Boston, Mass. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. 2d Lt. McGinty's platoon, which was providing rear security to protect the withdrawal of the battalion from a position which had been under attack for 3 days, came under heavy small arms, automatic weapons and mortar fire from an estimated enemy regiment. With each successive human wave which assaulted his 32-man platoon during the 4-hour battle, 2d Lt. McGinty rallied his men to beat off the enemy. In 1 bitter assault, 2 of the squads became separated from the remainder of the platoon. With complete disregard for his safety, 2d Lt. McGinty charged through intense automatic weapons and mortar fire to their position. Finding 20 men wounded and the medical corpsman killed, he quickly reloaded ammunition magazines and weapons for the wounded men and directed their fire upon the enemy. Although he was painfully wounded as he moved to care for the disabled men, he continued to shout encouragement to his troops and to direct their fire so effectively that the attacking hordes were beaten off. When the enemy tried to out-flank his position, he killed 5 of them at point-blank range with his pistol. When they again seemed on the verge of overrunning the small force, he skillfully adjusted artillery and air strikes within 50 yards of his position. This destructive firepower routed the enemy, who left an estimated 500 bodies on the battlefield. 2d Lt. McGinty's personal heroism, indomitable leadership, selfless devotion to duty, and bold fighting spirit inspired his men to resist the repeated attacks by a fanatical enemy, reflected great credit upon himself, and upheld the highest traditions of the Marine Corps and the U.S. Naval Service.
    1966--MODRZEJEWSKI, ROBERT J. Medal of Honor
Rank and organization: Major (then Capt.), U.S. Marine Corps, Company K, 3d Battalion, 4th Marines, 3d Marine Division, FMF. place and date: Republic of Vietnam, 15 to 18 July 1966. Entered service at: Milwaukee, Wis. Born: 3 July 1934, Milwaukee, Wis. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. On 15 July, during Operation HASTINGS, Company K was landed in an enemy-infested jungle area to establish a blocking position at a major enemy trail network. Shortly after landing, the company encountered a reinforced enemy platoon in a well-organized, defensive position. Maj. Modrzejewski led his men in the successful seizure of the enemy redoubt, which contained large quantities of ammunition and supplies. That evening, a numerically superior enemy force counterattacked in an effort to retake the vital supply area, thus setting the pattern of activity for the next 2 1/2 days. In the first series of attacks, the enemy assaulted repeatedly in overwhelming numbers but each time was repulsed by the gallant marines. The second night, the enemy struck in battalion strength, and Maj. Modrzejewski was wounded in this intensive action which was fought at close quarters. Although exposed to enemy fire, and despite his painful wounds, he crawled 200 meters to provide critically needed ammunition to an exposed element of his command and was constantly present wherever the fighting was heaviest, despite numerous casualties, a dwindling supply of ammunition and the knowledge that they were surrounded, he skillfully directed artillery fire to within a few meter* of his position and courageously inspired the efforts of his company in repelling the aggressive enemy attack. On 18 July, Company K was attacked by a regimental-size enemy force. Although his unit was vastly outnumbered and weakened by the previous fighting, Maj. Modrzejewski reorganized his men and calmly moved among them to encourage and direct their efforts to heroic limits as they fought to overcome the vicious enemy onslaught. Again he called in air and artillery strikes at close range with devastating effect on the enemy, which together with the bold and determined fighting of the men of Company K, repulsed the fanatical attack of the larger North Vietnamese force. His unparalleled personal heroism and indomitable leadership inspired his men to a significant victory over the enemy force and reflected great credit upon himself, the Marine Corps, and the U.S. Naval Service.
    1966- Bobby Fuller, leader of the rock group Bobby Fuller Four, was found dead in his car at Los Angeles, CA. No none causes. A small cult follows this singer, best known for his 1966 hit song “I Fought the Law,” which was written by Sonny Curtis, a member of Buddy Holly’s Crickets.
http://www.rockabillyhall.com/BobbyFuller.html
    1967---Top Hits
Windy - The Association
Little Bit o’ Soul - The Music Explosion
Can’t Take My Eyes Off You - Frankie Valli
All the Time - Jack Greene
    1968-Hugh Masekela struck gold with the breezy, latin-soul instrumental "Grazing in the Grass", while Gary Puckett and The Union Gap received a similar honor for the hit, "Lady Willpower". Masekela, a trumpeter since age 14, saw "Grazing in the Grass" go to number one for two weeks (July 20/27). "Grazing" was his only entry on the pop music charts. The Union Gap scored three more million-sellers in the late 1960s: "Woman, Woman", "Young Girl" and "Over You". The Union Gap was formed in 1967 and named after the town of Union Gap, Washington.
    1969 - ‘Broadway’ Joe Namath got out of the restaurant/nightclub business after agreeing to terms suggested by then NFL commissioner Pete Rozelle. Namath owned half of Bachelors III in New York City.
http://sportsline.com/u/fans/celebrity/namath/
    1970- William Mays of the San Francisco Giants, in the same game, got the 3,000th hit of his career, a single off pitcher Mike Wegener of the Montreal Expos in a 10-1 Giants’ victory. Mays played in the major leagues from 1951 through 1973 and finished with 3,283 hits. 
    1972- Thanks to the efforts of Kevin White, then-mayor of Boston, the Rolling Stones' Mick Jagger and Keith Richards are freed from their Warwick, RI jail cell in time for their Boston show. (The pair had been held for assault on a photographer from Providence.) 
    1975---Top Hits
Love Will Keep Us Together - The Captain & Tennille
The Hustle - Van McCoy & The Soul City Symphony
Listen to What the Man Said - Wings
Movin’ On - Merle Haggard
    1975-The Trial of Boston Bruins hockey player Dave Forbes, indicted for excessive force during a game on January 4 when he hit Henry Boucha of the Detroit Red Wings with his stick, ended in a hung jury. The prosecution decided not to seek a retrial.
    1976 - Nadia Comaneci, the 14-year-old star gymnast from Romania, stunned those watching the Olympic Games by executing perfect form to collect a perfect score of ‘10’ from the judges. This was the first perfect score ever recorded on the uneven parallel bars. Nadia went on to collect seven perfect scores, three gold medals, a silver and a bronze. She also won two gold and two silver medals in the 1980 Olympics. 
    1977 - No. 1 Billboard Pop Hit: "Looks Like We Made It," Barry Manilow.
    1978- John Travolta and Olivia Newton-John's "You're The One That I Want" is certified platinum 
    1980- Billy Joel's Glass Houses album tops charts
    1983---Top Hits
Every Breath You Take - The Police
Electric Avenue - Eddy Grant
Never Gonna Let You Go - Sergio Mendez
The Closer You Get - Alabama
    1983 - Paul Simon and Art Garfunkel took to the road to begin a 19-city tour beginning in Akron, OH. It was the first tour by the popular singing duo since their success in the 1960s.
http://www.cosmopolis.ch/english/cosmo14/paulsimon.htm
http://www.cableregina.com/users/seanb/simon.htm
    1985 - Jack Nicklaus II, son of the legendary ‘Golden Bear’, made his playing debut on the pro golf tour at the Quad Cities Open in Coal Valley, IL. The 23-year-old golfer played as an amateur while his father was playing in the British Open. 
    1986 - One of the most "photo-genic" tornadoes touched down in the northern suburbs of Minneapolis, MN, during the late afternoon. The very slow moving tornado actually appeared live on the evening news by way of an aerial video taken by the KARE-TV helicopter crew. The tornado, unlike most, was quite the prima donna, staying visible to tens of thousands of persons for thirty minutes. It was moderate in intensity, with winds of 113-157 mph, and caused 650 thousand dollars damage.
    1986-Videotapes released showing Titanic's sunken remains.
http://www.titanic1.org/
    1987-First baseman Don Mattingly of the New York Yankees hit a home run in his eight consecutive game, thereby tying the major league record set in 1956 by first baseman Dale Long of the Pittsburgh Pirates. 
    1988 - No. 1 Billboard Pop Hit: "Hold on to the Nights," Richard Marx.
    1988 - Sweltering heat continued in California, with record highs of 111 degrees at Redding and 112 degrees at Sacramento. Death Valley, CA, hit 127 degrees. Late afternoon and evening thunderstorms in the Central Plains Region produced baseball size hail at Kimball, NE, wind gusts to 79 mph at Colby, KS, and six inches of rain near Lexington, NE.
    1991---Top Hits
Rush, Rush - Paula Abdul
Unbelievable - EMF
Right Here, Right Now - Jesus Jones
Don’t Rock the Jukebox - Alan Jackson
    1992- singers Whitney Houston and Bobby Brown were married at Houston's estate in Mendham, New Jersey. Among the guests - Dionne Warwick, Patti LaBelle, Gloria Estefan and Donald Trump. They’re still together today.
    1999 - David Cone pitched a perfect game for the New York Yankees. Cone befuddled the Montreal Expos, throwing the 16th perfect game in baseball history, while leading the Yankees to a 6-0 victory. In pre-game ceremonies Don Larsen threw out the ceremonial first pitch to Yogi commemorating his 1956 World Series perfect game. 
    2000-The City and County of San Francisco issued its first anonymous medical marijuana ID cards.
    2008 -- Billy Joel, in the last concert to be hosted at Shea Stadium, gets a little help from his friends as Paul McCartney joins him on stage and sings “I Saw Her Standing There,” to a tremendous ovation from the sold-out crowd of 55,000 very surprised fans. 'Sir Paul' tells the crowd the 'Beatles’ had a 'blast' playing at Shea that night in 1965, the year after the Mets home ballpark opened.

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