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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

kitmenkin@leasingnews.org
   


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com

www.secondcityleasing.com
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

 

Tuesday, July 15, 2014



Today's Equipment Leasing Headlines

  Archives--July 15, 2009
Most Influential Women in Leasing
      Classified Ads---Sales
Fed’s Operation Choke Point Goes After Pay Day Lenders
  and Other “Undesirable Customers”
      By Tom McCurnin, Leasing News Legal News Editor
“My Personal Credit in the Employment Interview”
    Career Crossroad---By Emily Fitzpatrick/RII
         Leasing Industry Ads---Help Wanted
Dakota Financial saves $14,400 in document storage costs
 after deploying Office 365
  Programs to Protect Smartphones/Tablets/Laptops
 Leasing 102 by Mr. Terry Winders, CLP
  Lease Pricing
   Top Stories July 7—July 11
    (You May Have Missed One)
New Financial Statement Analysis Online Course from ELFA
   Helps Equipment Finance Professionals Look to the Future
Labrador Retriever / Mixed (short coat)
     Washington, DC  Adopt-a-Dog
    Classified Ads---Leasing Attorneys
News Briefs---
  House Passes Bonus Depreciation Bill
Citigroup and U.S. Reach $7 Billion Mortgage Settlement
---More Banks Could be Investigated
  FDIC Approves: Old National Bank Acquires United Bancorp
   40-hour work week a thing of the past
     Morgan Stanley analyst: Apple will sell 30 to 60 million iWatches
      In Mass. and Across Country, Conflict Over Gas Tax

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device

  You May have Missed---
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  Poem
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######## 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.


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[headlines]

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Archives--July 15, 2009
Most Influential Women in Leasing

Laurie Bakke
Susan Carol, APR
Valerie Jester
Bette Kerhoulas, CLP
Elaine Litwer
Lisa A, Levine, CAE
Shari Lipski, CLP
Terri McNally
Deborah Monosson
June Sciotto
Marci Kimble-Slagle, CLP
Rebecca Smith
Cynthia "Cindy" Spurdle
Rosanne Wilson, CLP

 



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Classified Ads---Sales

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

Boston, Mass.
Accomplished Sales & Relationship Management Professional with business development experience in the financial services industry. Recognized by market leaders as industry expert in Professional Practice financing, as well as Residential Mortgage Lending. Keen insight and understanding of transaction process and financial requirements of customer. Proven record of exceeding sales goals. deb.harold@hotmail.com
Work Remotely
Business Development - Are you looking to enter/increase your Healthcare lending? Let me identify and qualify healthcare (all verticals) vendors, distributors, and end users who utilize leasing/financing as a tool to sell equipment for you. Many years experience - contact Mitchell Utz at mitutz@msn.com or 
(215) 460-4483.


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

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

 



[headlines]
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Fed’s Operation Choke Point Goes After Pay Day Lenders
and Other “Undesirable Customers
By Tom McCurnin  
Leasing News Legal News Editor   

Justice Departments Institutes “Operation Choke Point” to Discourage Banks from Banking 30 Types of So-Called High Risk Businesses.  Does the FDIC’s Actions Make the Banks the Law Enforcement Arm of the Fed?  Are These Businesses Deserving of the Discrimination?

United States House of Representatives Committee on Oversight and Government Reform—Staff Report on Operation Choke Point May 29, 2014

I don’t get mad at the Government very often, but today will be an exception.  The Government is using the banks to enforce its disdain of payday lenders. 

Operation Choke Point was created by the Justice Department in 2013 to “choke out” companies the Administration considers a “high risk,” even though the companies on the list are legitimate businesses.  The operation works like this: the FDIC Bank Examiners inform the banks that a list of certain types of businesses are undesirable and are high risk, and if the Bank does not discourage this type of business activity, there may be repercussions in the form of higher reserves or audits.  The Banks, ever compliant to the Federal Reserve, review account activity of these suspected businesses, and ask them out of the Bank, writing letters similar to the following:

•  Bank of America:  “[W]e reviewed the nature of your business in the light of current regulatory trends affecting your industry and after careful consideration we’ve decided to close your existing Small Business checking account…. (January 14, 2014)

•  Bank of Hawaii “Bank of Hawaii has made a business decision to close your above-reference business deposit accounts.  The primary reason for this account closure is the Bank’s increasing business expense involved with servicing this type of account for a customer that operates as a money service business and/or payday lender.”  (December 6, 2013)

The List of inappropriate banking customers include:

Ammunition and Firearm Sales

PayDay Lenders

Coin Dealers

Pornographic Sites

Dating Services

Medical Marijuana Sales

Debt Consolidators

Surveillance Equipment Sales

Escort Services

Tobacco Sales

Money Transfer Networks

Travel Clubs

Pharmaceutical Sales

BitCoin Conversion

So in essence, the banks have become the lap dogs of the FDIC and because the Administration doesn’t believe that payday lenders are a legitimate business, then the Banks should also come to this same conclusion.  Essentially, it is up to the business to prove to the Banks that they are legitimate.  This idea seems patently absurd.  The Deputy Assistant Attorney General for the Consumer Protection stated, “We are looking into banks that deal with payment processors who work for payday lenders of all types.” 

In response to the criticism, the Department of Justice offered the following statement on Operation Choke Point:  “Of course, we recognize that most of the businesses that use the banking system are not fraudsters.  We’re committed to ensuring that our efforts to combat fraud to not discourage the lawful conduct of these honest merchants.”  So if that is true, what consumer fraud complaints exist with respect to gun dealers, ammunition sales and medical marijuana dealers?  And why are bankers being asked to enforce this policy decision?  Why doesn’t Congress just outlaw these businesses? 

Operation Choke Point distorts Congressional intent and inappropriately makes bankers act as the moral arbiters and policemen of the commercial world.  If Congress or the Department of Justice want to declare war on payday lenders, that’s all well and fine—but don’t make bankers act as the front line on this war. 

Operation Choke Point:
http://www.leasingnews.org/PDF/OperationChokePoint_72014.pdf

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


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


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

 


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“My Personal Credit in the Employment Interview”
Career Crossroad---By Emily Fitzpatrick/RII

 

Question: I am having difficulty being hired for a new opportunity with a bank due to my personal credit issues. Might you have any advice?

Answer: Many Americans were put in an unfortunate situation due to job losses that occurred in our economy in the recent past. Any credit issues that arose should have been faced squarely, if they were not, this should be one of your top priorities before you even begin a job search.

Keep in mind this is par for the course when dealing with banking institutions or bureaucratic companies that must follow a certain protocol. Most independent or entrepreneurial organizations will look at the candidate as a whole and will not cease talks due to one negative aspect in their backgroun

However, couple this with a DUI and you have some issues that must be cleaned up; work with an attorney. 

As far as your credit is concerned, look at your credit score first to see what you are dealing with.  Credit agencies make a business of marketing their files to corporate employers, who use them as tools for evaluation of prospective employees. The service is popular because credit information is seen as an indicator of future performance, which is based on the premise that knowing how a potential employee handles fiscal obligations provides a preview of that person’s likelihood of acting irresponsibly or compromising the employer.

Whether or not you agree with this idea, you should know that a bad credit rating has the potential to blow your candidacy, and that it can do so even if all the other variables are positive.

NOTE: Many companies (even banks) will accept proof of payments, settlements, etc… demonstrating that the candidate is steadily improving his/her fiscal position; thus, a viable candidate

If you think there are issues, BEFORE your career search begins:
1. Contact the credit agencies and deal with any disputes/discrepancies
o   It is recommended that you send the agency(s) letters explaining your late or incomplete payments due to the loss of a job … a temporary state which is completely different from simple fiscal irresponsibility
2. Hire an attorney specializing in credit issues to assist in clearing your history.

Be wary of “credit repair” companies – the FTC has been keeping an eye out on these types of organizations;  better to engage an attorney or contact your local bar association for a referral

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html


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Leasing Industry Help Wanted

 

Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com

www.secondcityleasing.com
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

 


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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Dakota Financial saves $14,400 in document storage costs
after deploying Office 365
http://www.infotechlead.com/

Enterprise software vendor Microsoft said Dakota Financial has saved more than US$14,400 a year in document storage costs after deploying Microsoft Office 365.

Dakota Financial, which provides funding for equipment leasing to small businesses that cannot obtain traditional financing, replaced a  scanning solution with Microsoft Office 365, SideKick 365 DCM (a SharePoint App from SkyLite Systems), and a scanner from Kodak.

Microsoft said Dakota Financial 13 employees are working more productively by using Office 365 and the SideKick 365 DCM app to automate document uploads to online storage.

By streamlining access to more than 1.5 million financial documents, in or out of the office, the new solution saves auditors significant time. It provides banks with transparency into the company’s assets, improving business relationships with lenders.

Thanks to Microsoft Office 365, instead of spending hundreds of dollars per extra gigabyte of data, Dakota Financial can grow its business with minimal costs.


Michael Green, Managing Partner (1:19)

 

SideKick 365 DCM
http://www.skylitesystems.com/Pages/SideKick365DCM.aspx

Microsoft App Store
http://office.microsoft.com/en-us/store/apps-for-sharepoint-FX102804987.aspx

Office.Microsoft 365
http://office.microsoft.com/en-us/business/what-is-office-365-for-business-FX102997580.aspx


John Kenny 
Receivables Management

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

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)


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Programs to Protect Smartphones/Tablets/Laptops

Perhaps a "kill switch" will cut down on theft for smartphones, but in the meantime, here are programs that may also get your digital device, including tablets and laptops, back to you.

It should be noted that Apple, Verizon, and others have their own plans, as well as several anti-virus programs, such as Trend Micro, have location and theft plans, too. Here are plans that are free, as well
as ones that offer many features beside “protection.”

Android and PCs
https://www.lockittight.com/

This software for Android and PCs will grab a screen shot of the thief’s activity. The basic service, which includes geo-tracking, is free, but if you want to use other features, you can upgrade to one of the three versions ranging from $1.99, $2.99, $4.99 per month.
http://preyproject.com/

For Android smartphones and tablets, Mac and Windows PCs.
http://preyproject.com/
http://preyproject.com/plans

The software is free for one user.  They have plans for 3, 10, 30, 100, 500 users.

Once your laptop goes missing, mark it as “missing” on the site and you can monitor where it is with Wi-Fi. It’ll also takes a screenshot, in case it was stolen, so you can possibly catch a glimpse of the thief’s activity.

If you lost your phone, use the SMS service to send a message to your phone with your email address so the phone can be returned if it’s found.

Androids, iPhone and Blackberries--Now Supporting iOS7.1.2
http://www.stealthgenie.com/

 It is “on line” ---meaning it records calls, does tracking, and has other features. It collects data about calls, texts and other activities, and sends that information to a secure web account. It also has real time geo-tracking and location history.

 


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Leasing 102
by Mr. Terry Winders, CLP



Lease Pricing

I have written many times on lease pricing, and usually it means only after a lot of questions have been asked of the lessee to determine the proper structure. However, structures must be understood by the sales staff before they can be offered. In addition, I have also written about the need of the sales staff to have the tools of the trade to accomplish proper pricing.

Level payments usually allow for comparison to lending because it does not offer any differences unless the lessor takes a residual. A residual lowers the payment, compared to a $1.00 option. Tax and legal requirements for an “operating lease” indicate that any purchase option offered at the end of the lease must be for the reasonably predictable future fair market value of the leased asset.  If you give a purchase option for the residual amount, then the payments plus the purchase option approximate what the lessee could have paid on a loan, then it is not a tax lease.

Most lessees will apply a net present value to the payment stream using their average cost of funds to determine whose financing is the best. The larger the residual, the lower the payments, and the lower the net present value of the payment stream. In addition, the higher the residual, the lower the payments and the slower the equipment cost is returned, resulting in higher earnings.

Occasionally, the lessee will have an irregular cash flow from a seasonable business which makes an excellent opportunity for leasing because even though the new accounting rules will require the total payments to be present valued and expensed on a straight line basis, if the payments follow the cash flow, there will be no need for the lessee to have a bank line of credit to borrow cash to make level payments when they have no cash to do so.

Irregular lease payments can be arranged to match the irregular cash flow for any reason, and it can be more popular than level payments.

Lessors have offered 90 days before payments begin to allow the lessee to use the equipment and earn some money before having to make the first payment.  On occasion, it is offered because it takes some time to create the finished product. 

There are many structures to match the many needs of the lessee. We try to match the lease payments to their cash flow or when they want to expense the payments. It is also common to have larger payments in the early years and lower payments in the later years, when the maintenance or overhauls are necessary.

All of the lease structures are a function of meeting the lessees needs, but they must also follow the tax, legal, and accounting rules to make the lease proposal complete. Also, it is common for the lessee to not really understand what you are proposing, so make it clear and explain each part, so there is no misunderstanding or “fear” because of confusion. You do not have to structure a lease as if it is a “loan.”
     
Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at terrywinders11@yahoo.com or 502-649-0448.

He invites your questions and queries.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, 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.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.

502.649.0448/terrywinders11@yahoo.com

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

 

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Top Stories July 7—July 11
(You May Have Missed One)

Here are the top stories opened the most by readers:

(1) Ascentium Capital Continues to Set Records
http://leasingnews.org/archives/Jul2014/7_07.htm#ascentium

(2) Lessor Busted for Use of Floating Forum Selection Clause
By Tom McCurnin, Leasing News Legal News Editor  
http://leasingnews.org/archives/Jul2014/7_11.htm#lessor

(3) Archives---July 9, 2008
“Trigger Leads” by Christopher Menkin
http://leasingnews.org/archives/Jul2014/7_09.htm#archives

(4)  Breaking News--Placard
http://leasingnews.org/archives/Jul2014/7_07.htm#breaking

(5) Pictures from the Past--1993
Mary Jane Lindholm, The Manifest Group
http://leasingnews.org/archives/Jul2014/7_11.htm#pictures

(6) Top Five Leasing Company Web Sites—in North America
by Christopher Menkin
http://leasingnews.org/archives/Jul2014/7_09.htm#five

(7) “Ends Banking for Cannabis Industry!” is the Claim Marijuana Vending Machine (Not a joke)
http://leasingnews.org/archives/Jul2014/7_07.htm#vending

(8) TimePayment New Web Site Almost Makes Top Five List
http://leasingnews.org/archives/Jul2014/7_09.htm#web

(9)  Leasing 102 by Mr. Terry Winders, CLP
“Missing Lease Language”
http://leasingnews.org/archives/Jul2014/7_07.htm#missing

(10) New Hires—Promotions
http://leasingnews.org/archives/Jul2014/7_11.htm#hires


 

[headlines]
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##### Press Release ############################

New Financial Statement Analysis Online Course from ELFA
Helps Equipment Finance Professionals Look to the Future

Washington, D.C.—In order to make well informed credit decisions, one tool that credit and risk professionals in the equipment finance industry rely on is financial statement analysis. Now, a new online course is available from the Equipment Leasing and Finance Association (for members and non-members) to help industry professionals increase their proficiency in assessing risk and evaluating the creditworthiness of middle market companies through financial statement analysis. The new ELFA Academy course, Financial Statement Analysis, covers the fundamentals credit professionals need to know, and goes beyond to teach future-focused skills—like projections and forecasting—that are necessary in today’s market environment. Developed in conjunction with Moody’s Analytics, it is the only course of its kind available specifically for the equipment finance industry—and will be of particular interest to credit analysts, underwriters, portfolio managers and credit officers.


William G. Sutton, CAE
President and CEO, ELFA

“ELFA is proud to deliver superior education and training to the equipment leasing and finance community. Our new Financial Statement Analysis course—designed and developed by our member practitioners in partnership with Moody’s Analytics—puts self-paced training in the essentials of financial analysis and credit risk assessment at industry members’ fingertips,” said William G. Sutton, CAE, ELFA President and CEO.

Course Content
The Financial Statement Analysis online course includes seven modules:

1.       Introduction to Financial Analysis and Business Types
2.       Profitability Ratios
3.       Activity Ratios
4.       Capital Spending, Gearing and Debt Coverage
5.       Cash Flow Analysis
6.       Projections and Credit Risk Assessment
7.       Loan Structure

A detailed course outline is available at www.elfaonline.org/events/elearning/courses/?fa=fsa.

The course takes approximately 6-8 hours to complete. It does not need to be completed in one sitting—after registering, users can log in and out of the course, and the course will save their progress.

Registration
To register, ELFA members and nonmember should go to www.elfaonline.org/events/elearning/login/, log in to the course catalog using their ELFA username and password and click on “Catalog Page.”  Those who don’t have a password can click the Create Account link at the upper right of the site.

The cost of the course is $395 for ELFA members and $790 for nonmembers. Bulk pricing discounts are available. For more information, please contact Alexa Carnibella, ELFA Director of Professional Development, at acarnibella@elfaonline.org.

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

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


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Labrador Retriever Mix
Washington, DC  Adopt-A-Dog



Name: Barbara  Breed: Lab Mix

 

Approximate Age: 5 1/2 months (as of 7/7/14)
Approximate Weight: 14 lbs. (as of 5/22/14)
Currently Living at: Foster

“Well, hello, my name is Barbara. I'm just a young little girl, but I've already had quite the life! Sadly, I was born at a shelter in South Carolina. Luckily for me, I've been rescued, and Lucky Dog brought me to DC to find my forever home!!

“So a bit about me. I pretty much all black, with white markings, soft fur and an adorable button nose! Right now 5 months old and weigh about 14 lovable pounds. No one is certain, but most people think I am a lab mix of some sort. Oh, did I mention I love people AND other dogs?? How awesome is that?!

“I've been daydreaming about my new family, and I've decided I would love to live with a family that will play tug-o-war with me, take me to the dog park, give me lots of belly rubs and get me some cool toys to play with! When I am not sleeping to build up all that puppy energy, I love to sniff around to learn about my new surroundings. As a puppy and especially as I get older, I will need to be socialized with other pups and given opportunities to exhaust my puppy energy.”

Because of her age, Barbara can only go to a home where someone either works from home full-time, stays at home or is willing to hire a dog walker! NO EXCEPTIONS! She will need to be taken out to potty every few hours--even during the wee hours of the night. She will definitely need a patient and loving family to work with her!

Like most puppies, Barbara will need to work on her housetraining. She will also need to go to obedience school so she can grow into a well-socialized dog! Barbara will also need to be spayed by 8/15/14. Cost of her spay is not included in the adoption fee.

The adoption fee for this dog is $350, which includes the cost of routine vetting, including vaccinations. If you are interested in adopting, please download our Adoption Questionnaire* and e-mail it to Christine at christineluckydog@gmail.com.

Thank you for contacting Lucky Dog Animal Rescue and helping to save a life!  Please visit us online at www.luckydoganimalrescue.org.

*Adoption Questionnaire
http://www.luckydoganimalrescue.org/wp-content/uploads/2012/08/LDAR_Adoption_Questionnaire.doc

Mailing Address:
Lucky Dog Animal Rescue
3636 Winfield Lane, NW
Washington DC 20007
Our Phone Numbers
Primary Phone Number: 202.741.5428
Fax Number: 202.380.9077

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

 

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Classified Ads---Leasing Attorneys

Birmingham, Alabama
The lawyers of Marks & Associates, 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
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film productioncin LA.  Mention "Leasing News" for a free consultation.
818.575.9095
Skype: 424.235.1658
ken@kengreenelaw.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/Santa Monica
Hemar & Associates, Attorneys at Law
Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. 
Tel: 310-829-1948 
email: phemar@hemar.com
 
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   


Los Angeles- Statewide, CA
Lawyer specializing in banking and leasing issues statewide. Documents and litigation. 
Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129 
Cell:(213) 268-8291
Email: 
tmccurnin@bkolaw.com
California & National
Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. (562) 426-1000.
www.paulbentlaw.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: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
Massachusetts (collection/litigation coast to coast) 
Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast.
Email
 phone 617-855-9085
www.modernlawgroup.com

Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067
E-mail: witt-legal@outlook.com 
Web: www.witt-legal.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, PA
sscuteri@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

 

Free Postings for Attorneys Specializing in Leasing
http://www.leasingnews.org/Classified/Attorney/Attorney-post.htm

 


[headlines]
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News Briefs----

House Passes Bonus Depreciation Bill
http://www.accountingweb.com/article/house-passes-bonus-depreciation-bill/223603

Citigroup and U.S. Reach $7 Billion Mortgage Settlement
---More Banks Could be Investigated
http://www.foxnews.com/politics/2014/07/14/citigroup-pays-7b-to-resolve-government-probe-mortgage-backed-securities/ 

FDIC Approves: Old National Bank Acquires United Bancorp
http://www.leasingnews.org/PDF/OldNationalBank_72014.pdf

40-hour work week a thing of the past
http://www.ajc.com/weblogs/biz-beat/2014/jul/14/40-hour-work-week-thing-past/

Morgan Stanley analyst: Apple will sell 30 to 60 million iWatches
http://www.upi.com/Business_News/2014/07/14/Morgan-Stanley-analyst-Apple-will-sell-30-to-60-million-iWatches/4321405366798/?spt=sec&or=bn

In Mass. and Across Country, Conflict Over Gas Tax
http://www.boston.com/business/personal-finance/2014/07/14/mass-and-across-country-conflict-over-gas-tax-debate/vD3vs1yBBwH3UNBnay8yOJ/story.html

 

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to help support the growth of Lease Police)


[headlines]

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--You May Have Missed It

Free Apps for all Personal Financial Planning Needs
http://nac-technology.com/wp-content/uploads/2014/07/2014-07_financial_apps.pd



[headlines]
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SparkPeople--Live Healthier and Longer



13 Weight-Loss Rules You'll Love to Follow
How to Make 'Dieting' Fun!

-- By Ellen G. Goldman, Health & Wellness Coach


[headlines]
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Baseball Poem

Dodger Blue

by Richard Aberdeen©(August 20, 2003)

Sung to the tune Deportee by Woodie Guthrie & Marting Hoffman

    The chalk lines are faded, the bleachers are empty
The parking lot's vacant at the ravine stadium
The fans have all taken up bad-mitten and checkers
On a hot summer evening there's nothin' else left for fun
The owners' and players' greed knows no boundaries
They've taken the fans on a phony hype ride
Though they both earn enough money to buy a jet airplane
'Till they have more than God, they won't be satisfied
Now, is this the best way to run America's pastime?
Is this fair to the fans who are loyal and true?
Like the late Billy Martin and Tommy Lasorda
There's no more real Yankees, no one bleeds Dodger Blue
 
Goodbye to Ty Cobb, Joe DiMaggio and Babe Ruth
Adios Lou Gehrig and true heroes for our youth
You won't see the great Clemente up on the big sports screen
The owners and players all want. . . more money
 
Now, us fans in the bleachers all want a solution
To stop all your whining and complaining on earth
Let's forget about salaries and pay by statistics
For hits, runs and outs, you'll be paid what you're worth
If you hit sixty homers, you'll get you're few million
But if you pitch more balls than strikes you'd better run
Down to apply at the nearest Del Taco
We're tired of big babies who ruin baseball's fun
Let's return our national pastime back to the fans
Give big bucks to the players only when they come through
And like the late Billy Martin and Tommy Lasorda
We'll cheer for real Yankees and bleed Dodger Blue
 
Goodbye to Ted Williams, Stan Musial and Cy Young
Adios Mickey Mantle, Willie Mays and Hank Aaron
You won't see Charlie Hustle up on the big sports screen
The owners and players all want. . . more money

The chalk lines are redrawn, the bleachers repainted
The big screen scoreboard is re-hooked to the juice
The parking lot's filled with limos and Mercedes
The owners and players have a temporary truce
Now, we want real heroes our children can look up to
We want fair owners who treat loyal fans right
People who love baseball and the values we stand for
With all of their heart and their soul and their might
If you don't care what happens to our time-honored pastime
Then get the hell out of the way of those of us who do
Like the late Billy Martin and Tommy Lasorda
We want to cheer for real Yankees and bleed Dodger Blue

Goodbye to Vin Scully, Branch Rickey and Bill Veeck
Adios Harry Caray and real baseball, but what the heck?
We won't see Jackie Robinson slide on the big sports screen
The owners and players all want. . . more money
Yeah, the owners and players all want. . . more money. . .
Are there any more real Yankees?

Does anyone bleed Dodger Blue

 

 


[headlines]

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Sports Briefs----

Success for Brazil, Just Not on the Field
http://www.nytimes.com/2014/07/14/sports/worldcup/world-cup-2014-brazil-was-a-good-host-but-poor-competitor.html?ref=sports

In Going Home, James May Be Ending an Exile From Himself
http://www.nytimes.com/2014/07/13/sports/basketball/in-going-home-lebron-james-may-be-ending-an-exile-from-himself-.html?_r=0

49ers: Garcia stands out in 'Legends of Candlestick' practice
http://www.contracostatimes.com/News/ci_26134889/49ers:-Garcia-stands-out-in-Legends-of-Candlestick-practice

A's Cespedes repeats as Derby champ
http://www.insidebayarea.com/athletics/ci_26149369/cespedes-repeats-derby-champ

 

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California Nuts Briefs---

California — Is it legal or not?
http://www.sfgate.com/bayarea/article/California-Is-it-legal-or-not-5612661.php

Six Californias headed to ballot
http://www.mercurynews.com/california/ci_26149671/six-californias-measure-seems-headed-2016-ballot

[headlines]
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“Gimme that Wine”

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

Changing colors in Sonoma County vineyards signal approach of harvest
http://www.pressdemocrat.com/business/2379275-181/changing-colors-in-sonoma-county

Family Winemakers Cheered by Passage of Direct Shipping Statue in Massachusetts
http://www.winebusiness.com/content/file/MassDTCPR071114.pdf

Gallo family fortune close to $10bn
http://www.decanter.com/news/wine-news/587273/gallo-family-fortune-close-to-10bn

Q&A: Becky Wasserman-Hone
http://www.wine-searcher.com/m/2014/07/q-and-a-becky-wasserman-hone

Comparing the Great Growths of France
http://www.wine-searcher.com/m/2014/07/comparing-the-great-growths-of-france


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

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

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

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

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


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

This Day in History

     1099 - The Muslim citizens of Jerusalem surrendered their city to the armies of the First Crusade. The Crusaders then proceeded, through misguided religious zeal, to massacre thousands of unarmed men, women and children.  ” The western sources are briskly uncontrite in their descriptions of the carnage, indicating that the chroniclers were no more dismayed than were the perpetrators. But the Muslim world would never forget or forgive the Crusaders' behavior. Jerusalem was a holy city to the Muslims as much as it was to the Christians. The looting of sacred shrines and the slaughter of innocents confirmed the general Muslim opinion that the Westerners were savage barbarians with no faith at all save in blood and wealth.”  http://crusades.boisestate.edu/1st/27.htm
http://crusades.boisestate.edu/1st/28.htm
http://www.fidnet.com/~weid/crusadesII.htm#basic
http://www.fordham.edu/halsall/basis/AnnaComnena-Alexiad11.html
    1741 - Vitus Bering, a Danish mariner working for Russia, landed on the Alaskan coast, the first European to do so.
    1779 - Birthday of Clement Clarke Moore, American author and teacher, best remembered for his popular verse, “A Visit from Saint Nicholas,” which was later renamed “Twas the Night Before Christmas”.  It was first published anonymously and without Moore's knowledge in a newspaper on December 23, 1823.  Moore was born at New York, NY, and died Newport, RI, July 10, 1863.
http://urbanlegends.about.com/library/weekly/aa121097.htm
    1779 - The first medal awarded by the Continental Congress to a “foreigner” was a silver medal present to Lieutenant Colonel Francois Louis Teisseidre de Fleury, who commanded the first of the storming parties in the assault upon Stony Point, NY, on July 15, 1779.  He was the first man to enter the main fort and strike down the British flag with his own hands. Fleury, who had been in the French military service, joined the Continental Army in 1777.
http://www.army.mil/cmh-pg/books/revwar/contarmy/CA-06.htm
    1779 - African-American Pompey Lamb, noted spy, aids the American Revolutionary War effort.  ” Blacks were also used effectively as spies by the Continental Army. The most notable was Pompey Lamb, who opened the way for the capture of Stony Point by General Anthony Wayne, on July 15, 1779.” 
http://hallkidshistory.com/united_states/360.shtml
    1792 - The first major bridge built was the West Boston Bridge, connecting Boston, MA, and Cambridge, MA.  It opened November 23, 1793 after costing $76,000.   The toll right was granted to the proprietors for 70 years.
    1806 - Zebulon Pike, the U.S. Army officer who in 1805 led an exploring party in search of the source of the Mississippi River, sets off with a new expedition to explore the American Southwest. Pike and his men left Missouri and traveled through the present-day states of Kansas and Nebraska before reaching Colorado, where he spotted the famous mountain later named in his honor, Pikes Peak. He traveled to New Mexico and then traveled through Texas. The information he provided about the U.S. territory in Kansas and Colorado was a great impetus for future U.S. settlement, and his reports about the weakness of Spanish authority in the Southwest stirred talk of future U.S. annexation. Pike later served as a brigadier general during the War of 1812, and in April 1813, he was killed by a British gunpowder bomb after leading a successful attack on York, Canada.
    1822 - Public schools for Blacks open in Philadelphia.
    1830 - 3 Indian tribes, Sioux, Sak & Fox, signed a treaty giving the US most of Minnesota, Iowa & Missouri.
    1837 - US: Smallpox epidemic reaches the Mandan in Dakota Territory; out of 1,600 people, only 125 survive.  Russell Freedman describes the epidemic:  "The Mandans were the first to be stricken, followed in swift succession by the Hidatsas, the Assiniboins, the Arikaras, the Sioux, and the Blackfeet."  In the 17th century, there were 30,000 Narragansett in Massachusetts. Their chief, Miantonomo, "sensing danger, sought to build on his Mohawk alliance to create a general Amerindian resistance movement." He is reported to have said to the Montauk in 1642: "We [must] be one as they [the English] are, otherwise we shall all be gone shortly, for you know our fathers had plenty of deer and skins, our plains were full of deer, as also our woods, and of [turkeys], and our coves full of fish and fowl. But these English having gotten our land, they with scythes cut down the grass, and with axes fell the trees; their cows and horses eat the grass, and their hogs spoil our clam banks, and we shall all be starved."
http://www.watchtower.org/library/g/1996/9/8
/how_their_world_was_lost.htm

    1838 – Ralph Waldo Emerson delivers the Harvard Divinity School address, discounting Biblical miracles and declaring Jesus a great man, but not God. The Protestant community reacts with outrage.
     1850 - Birthday of Frances Xavier "Mother" Cabrini - Italian-born U.S. nun. FXC, an amazing organizer, Cabrini was canonized by the Roman Catholic Church.   She founded 67 institutions such as orphanages, hospitals, and girls' schools, and did remarkable work with the poor in major American cities. She is now unique in New York as the only saint whose entire body is on display for the faithful. Her body was laid to rest forever under the altar in the Chapel at Mother Cabrini High School. (The saint's head is at another location in Italy.) 
http://www.den-cabrini-shrine.org/saintfrancesxaviercabrinihistory.htm
http://www.fordham.edu/halsall/medny/mccabe.html
    1862-Major David Hunter declares Blacks are no longer slaves in Georgia, Florida, South Carolina.  President Lincoln annuls the order saying basically
it wasn't “official.” http://www.coax.net/people/lwf/dh_proc.htm.   The first black troops were organized by Major General David Hunter in the Union's First Carolina Regiment.  Many of the soldiers were former slaves. In August, General Jim Lane, an abolitionist and who some called and outlaw and renegade, over the opposition of Secretary of War Edwin Stanton, organized a black regiment in Kansas. General Benjamin Butler also reversed his position and decided to recruit free blacks; however, no one asked the recruits whether they had been free men of slaves before the war. Despite War Department specific approval, General Butler quickly mustered into federal service the 1st, 2nd, and 3rd Regiments of the Louisiana Native Guards. It was reported that the commanders of the units had offered their services to the Confederacy and was turned down. The leaders, Free Persons of Color, were wealthy, well educated, property owners, and some were slave owners, and at the time, while offering their services to the Confederacy, were afraid the Union forces would confiscate their property.
http://www.coax.net/people/lwf/hisusct.htm 
http://www.coax.net/people/lwf/usct.htm

http://www.coax.net/people/lwf/beau_nat.htm 
    1867 - Birthday of Maggie Lena Walker - U.S. banker. She was the daughter of a former slave who devoted her time to black fraternal and cooperative insurance organizations.   Through her very keen business acumen, MLW created one of the greatest black- owned banks in the nation, the Penny Savings Bank in Richmond, Va.
http://www.websn.com/Pride/Pride/maggie_lena_walker.htm
http://www.distinguishedwomen.com/biographies/walker-ml.html
http://www.nps.gov/malw/details.htm
http://mdmd.essortment.com/maggielenawalk_rglv.htm
    1870 – Georgia became the last of the Confederate states to be re-admitted to the Union.
    1904 - Birthday of Dorothy Fields, U.S. lyricist and producer who was elected to the Songwriters' Hall of Fame in 1971, the first woman so honored. Some of her songs are "I Can't Give You Anything But Love," "On the Sunny Side of the Street," "I'm in the Mood for Love," "Lovely to Look At," and "The Way You Look Tonight."    The latter garnered Fields the 1936 Academy Award. She wrote almost 400 songs as well as books for Broadway shows including “Annie Get Your Gun”.   She won a Tony and Grammy for her work on “Redhead” (1959). She also produced such Broadway musicals as “Sweet Charity” and “Seesaw”.
http://www.dorothyfields.co.uk/
http://www.nodanw.com/biographies/dorothy_fields.htm
    1910 - In his book “Clinical Psychiatry”, Emil Kraepelin gives a name to Alzheimer’s disease, naming it after his colleague Alois Alzheimer.
     1910 - Birthday of Sam Washboard (Robert Brown), famous washboard player, Walnut Ridge, AR
http://www.blueflamecafe.com/index.html
    1913 - The first US Senator elected by popular vote was Augustus Octavius Bacon, Democrat of Georgia.  The passage of the 17th amendment to the Constitution called for elections, before that they were appointed by the state legislature.   The first general election by popular vote took place on November 4, 1913.
http://www.sacklunch.net/biography/B/AugustusOctaviusBacon.html
http://bioguide.congress.gov/scripts/biodisplay.pl?index=B000014
    1916 - A dying South Atlantic Coast storm produced torrential rains in the southern Appalachian Mountains. Altapass, NC, was drenched with more than 22 inches of rain, a 24 hour rainfall record for the state. Flooding resulted in considerable damage, particularly to railroads.
    1916 – In Seattle, William Boeing and George Conrad Westervelt  incorporate Pacific Aero Products which was later renamed Boeing.
      1918 - General Erich Ludendorff launched Germany's fifth, and last, offensive to break through the Chateau-Thierry salient. This all-out effort involved three armies branching out from Rheims to cross the Marne River.  The Germans were successful in crossing the Marne near Chateau-Thierry before American, British, and Italian divisions stopped their progress in what is known as the Second Battle of Marne. On July 18, General Foch, Commander-in Chief of the Allied troops, launched a massive counteroffensive that resulted in a German retreat that continued for four months until they sued for peace in November.
    1918---HAYS, GEORGE PRICE Medal of Honor
Rank and organization: First Lieutenant, U.S. Army 10th Field Artillery, 3d Division. Place and date: Near Greves Farm, France, 14-15 July 1918. Entered service at: Okarche, Oklahoma. Born: 27 September 1892, China. G.O. No.: 34, W.D., 1919. Citation: At the very outset of the unprecedented artillery bombardment by the enemy, his line of communication was destroyed beyond repair. Despite the hazard attached to the mission of runner, he immediately set out to establish contact with the neighboring post of command and further establish liaison with 2 French batteries, visiting their position so frequently that he was mainly responsible for the accurate fire. While thus engaged, 7 horses were shot under him and he was severely wounded. His activity under most severe fire was an important factor in checking the advance of the enemy.
    1919 - Legendary bebop pianist Sadik Hakim was born in Duluth, Minnesota. In the 1940's, Hakim played in New York with Ben Webster and Lester Young, and recorded with Charlie Parker. Hakim moved to Montreal in 1949 and played with Louis Metcalf's International Band. After further stints in the US with such musicians as James Moody and Buddy Tate, Hakim returned to Montreal in 1966. He was a frequent performer in both Montreal and Toronto, and on CBC radio broadcasts. Hakim became a Canadian citizen in 1972 before returning to New York four years later. He died on June 20th, 1983.
    1923 - Drummer Philly Joe Jones birthday 
http://members.tripod.com/~hardbop/philly.html
http://afgen.com/philly.html
http://www.duke.edu/~sc15/bio.htm
    1928 - Birthday of saxophone player Joe Harriott, Kingston, Jamaica 
http://www.wnur.org/jazz/artists/vandermark.ken/interview-19980501.html
http://www.btinternet.com/~rubberneck/special.html
    1929 - Birthday of guitarist/author Francis Bebey.
http://africanmusic.org/artists/bebey.html 
http://web.uflib.ufl.edu/cm/africana/bebey.htm

http://www.africaexpert.org/people/data/person1980.html
    1939 - National League President Ford Frick orders two-foot screens affixed inside all foul poles after Billy Jurges of the Giants and umpire George Magerkurth spit at each other after a foul ball call down the left field line is disputed at the Polo Grounds. The American League will soon follow the Senior Circuit lead and will also install foul ball screens.
    1941 - Glenn Miller, with Modernaires, cuts “Juke Box Saturday Night.”
    1944--*OTANI, KAZUO Medal of Honor Staff Sergeant Kazuo Otani distinguished himself by extraordinary heroism in action on 15 July 1944, near Pieve Di S. Luce, Italy. Advancing to attack a hill objective, Staff Sergeant Otani's platoon became pinned down in a wheat field by concentrated fire from enemy machine gun and sniper positions. Realizing the danger confronting his platoon, Staff Sergeant Otani left his cover and shot and killed a sniper who was firing with deadly effect upon the platoon. Followed by a steady stream of machine gun bullets, Staff Sergeant Otani then dashed across the open wheat field toward the foot of a cliff, and directed his men to crawl to the cover of the cliff. When the movement of the platoon drew heavy enemy fire, he dashed along the cliff toward the left flank, exposing himself to enemy fire. By attracting the attention of the enemy, he enabled the men closest to the cliff to reach cover. Organizing these men to guard against possible enemy counterattack, Staff Sergeant Otani again made his way across the open field, shouting instructions to the stranded men while continuing to draw enemy fire. Reaching the rear of the platoon position, he took partial cover in a shallow ditch and directed covering fire for the men who had begun to move forward. At this point, one of his men became seriously wounded. Ordering his men to remain under cover, Staff Sergeant Otani crawled to the wounded soldier who was lying on open ground in full view of the enemy. Dragging the wounded soldier to a shallow ditch, Staff Sergeant Otani proceeded to render first aid treatment, but was mortally wounded by machine gun fire. Staff Sergeant Otani's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit on him, his unit, and the United States Army. 
    1946 - Singer Linda Ronstadt was born in Tucson, Arizona.  
She first gained attention in 1967 as a member of a trio called the Stone Poneys. That was the year she had a top 20 hit with "Different Drum," a song written by Mike Nesmith of the Monkees. The Stone Poneys soon broke up, and Ronstadt's solo career floundered for nearly five years until Peter Asher, formerly of the British duo of Peter and Gordon, became her manager. Under Asher's direction, she recorded the album "Heart Like a Wheel," a mixture of oldies and contemporary material, in 1974. The LP proved to be her commercial breakthrough, becoming the first of a dozen gold and platinum albums.  Ronstadt reached the height of her popularity at the end of the 1970's when her LP "Living in the USA" surpassed the million mark in sales. At the time, she was a constant companion of California Governor Jerry Brown.  Ronstadt continued her success into the '80s with the LP "Mad Love," two popular albums of big band ballads and "Cry Like a Rainstorm, Howl Like the Wind," a collaboration with Aaron Neville
http://www.ronstadt-linda.com/
    1948 - Today in History salutes General John J. Pershing, only the second commander of the armies, World War I hero,  also known as “Black Jack” for having one of the first segregated army units in 1886, especially for his open admiration for the African-Americans under his command.
http://memory.loc.gov/ammem/today/jul15.html
    1950 - The North Koreans penetrated the U.S. 24th Infantry Division's defense and crossed the Kum River. The 19th Infantry Regiment lost 20 percent of its fighting force, the 1st Battalion alone losing 338 out of 785. The 63rd Field Artillery Battalion was overrun and sustained heavy casualties.
    1950 - F-80s accounted for 85 percent of the enemy's losses to air attack. Far East Air Forces Commander, Lieutenant General George E. Stratemeyer, stated that he wouldn't trade the F-80 for all the F-47s and F-51s he could get. "It does a wonderful job in ground support and can take care of the top-side job if enemy jets appear."
    1952 - An eight-year-old singer named Gladys Knight appears on the popular TV show, “Ted Mack's Amateur Hour” on the now-defunct Dumont Television Network, and wins the first prize of $2000 for her rendition of Nat King Cole's "Too Young." In five years, she would be an established recording artist.
    1952 - Popular singer Patti Page begins her summer replacement series on CBS, attempting to hold the audience in Perry Como's usual timeslot three times a week for 15 minutes.
    1954 - First flight of the first jet aircraft, Boeing 367-80, prototype for both the Boeing 707 and C-135 series.
      1954 - The temperature at Balcony Falls, VA, soared to 110 degrees to establish a state record
    1956 - Top Hits
“The Wayward Wind” - Gogi Grant
“My Prayer” - The Platters
“Hound Dog/Don't Be Cruel” - Elvis Presley
“I Want You, I Need You, I Love You” - Elvis Presley officially opened by the Queen. A gala concert by the Vancouver Symphony Orchestra was conducted by Sir Ernest MacMillan and Nichol 
    1957- Elvis Presley's "(Let Me Be Your) Teddy Bear" b/w Loving You" hits #1
    1959 - The steel strike of 1959 begins, leading to significant importation of foreign steel for the first time in US history.
      1959- The Queen Elizabeth Theatre in Vancouver was as Goldschmidt, with soloists Betty-Jean Hagen, violin, and soprano Lois Marshall. The theatre was actually first used four days earlier for a concert by the Vancouver Symphony.
1960 Giant Willie McCovey 'invisible triple' causes the umpires to call a twenty-four minute fog delay at Candlestick Park, but the Dodgers go on to win 5-3.1963-Count Basie and Ella Fitzgerald record “ Ella and Basie” album for Verve, one of Barbara Lowe's favorites.
 jet aircrafthttp://www.amazon.com/exec/obidos/ASIN/B0000046SO/102-8917386-9557756
    1963-Elvis begins filming the movie Viva Las Vegas with Ann-Margaret. 
    1964---Top Hits
“I Get Around” - The Beach Boys
“Memphis” - Johnny Rivers
“Rag Doll” - The 4 Seasons
“My Heart Skips a Beat” - Buck Owens
    1964 – Arizona Senator Barry Goldwater won the Republican nomination for President.
    1965 - The unmanned spacecraft Mariner 4 passes over Mars at an altitude of 6,000 feet and sends back to Earth the first close-up images of the red planet.
    1966 - Singer Percy Sledge earned a gold record for "When a Man Loves a Woman". It was his only song to make it to number one (5/28/66) and the only one of five to break into the top ten. 
    1968-A Soviet Aeroflot jet landed at Kennedy  Airport at New York, NY, and the start of direct commercial air flight between the US and the then USSR began.
    1968-“One Life to Live” premiered on TV.  Set in a fictional Pennsylvania town, the show was created by Agnes Nixon to depict the class and ethnic struggles of the down's denizens. The initial cast featured many Jewish, Polish, and African American characters. The show departed from inter-ethnic storytelling in the 1980's for far more fantastic adventures set in locals such as heaven, the old west, and a futuristic mountain silo called Eternia. Since then, the show has returned to its strengths of traditional storytelling by featuring Latino  and African American actors as integral characters.  Award-winning actress Erika Slezak heads the cast as the venerable Viki Lord Riley Buchanan Carpenter, the town's matron with five alternate personalities.  Among those who have appeared on “OLTL” are Tom Berenger, Judity Light, Robert Desiderio, Tommy Lee Jones, Laurence Fishburne, Jameson Parker, Phylis Rashad, Christine Ebersole, Richard Grieco, Blain Underwood, Joe Lando, Audrey Landers, Christian Slater and Yasmine Bleeth.     
    1968 - Intel was founded. Robert Noyce and Gordon Moore had left Fairchild Semiconductor to form NM Electronics in Mountain View, Ca. In 1997 Tim Jackson published "Inside Intel: Andrew Grove and the Rise of the World's Most Powerful Chip Company." Grove joined Intel in this year and became its president in 1979. They bought the rights to the name Intel from Intelco for $15,000.
    1969--Jul 15,-Jul 20, 1969 B.B. King, Elvin Bishop Group, Love Sculpture, Country Joe & the Fish Joe Cocker & The Grease Band, @ San Francisco Fillmore West.
    1971 - In a surprise announcement, President Richard Nixon says that he will visit Beijing, China, before May 1972
    1972- Elton John's Honky Chateau hits #1
    1972---Top Hits
“Lean on Me” - Bill Withers
“Too Late to Turn Back Now - Cornelius Brothers & Sister Rose
Brandy (You're a Fine Girl)” - Looking Glass
“Made in Japan” - Buck Owens 
    1973-San Francisco Giant's Willie McCovey becomes 15th to hit 400 HRs.
    1973- Angel Nolan Ryan pitches his second no-hitter of the season defeating the Tigers, 6-0 in front of 41,411 fans in Detroit. Ump Ron Luciano doesn't permit Norm Cash to use a piano leg instead of a bat in the ninth inning.
    1975 – Apollo-Soyuz Test Project features the dual launch of an Apollo spacecraft and a Soyuz spacecraft on the first joint Soviet-United States human-crewed flight. It was both the last launch of an Apollo spacecraft, and the Saturn family of rockets.
    1980- Pop stars Linda Ronstadt and Rex Smith opened at the New York Shakespeare Festival in a production of Gilbert and Sullivan's "The Pirates of Penance." The production moved to Broadway in 1981, and Ronstadt and Smith both starred in a later movie version.  
    1980---Top Hits
“Coming Up” - Paul McCartney & Wings
“It's Still Rock & Roll to Me” - Billy Joel
“Little Jeannie” - Elton John
“You Win Again” - Charley Pride
    1986- Columbia Records dropped country star Johnny Cash after 28 years. Cash had not had a solo top-ten hit since "The Baron" in 1981. But he was a member of "The Highwaymen" quartet with Waylon Jennings, Willie Nelson and Kris Kristofferson that hit the top of the country charts in 1985. Cash signed a new recording contract with Polygram later in '861987 - Unseasonably cool weather spread into the south central and eastern U.S. Fifteen cities reported record low temperatures for the date, including Houghton Lake, MI, with a reading of 37 degrees. The high temperature for the date of 58 degrees at Flint, MI, was their coolest of record for July. Thunderstorms spawned several tornadoes in Illinois and Indiana, injuring a cow near Donovan, IL
    1988-- For the second time this season, Red Sox fireballer Roger Clemens strikes out sixteen Royals. The doubleheader sweep over Kansas City marks Joe Morgan's Boston managerial debut.
    1988---Top Hits
“The Flame” - Cheap Trick
“Mercedes Boy” - Pebbles
“Pour Some Sugar on Me” - Def Lappard
“Fallin' Again” – Alabama
    1988 - Twenty-six cities east of the Mississippi River reported record high temperatures for the date. Charleston, WV, established an all- time record high with a reading of 103 degrees, and Chicago, IL, reported a record fifth day of 100 degree heat for the year. A severe thunderstorm moving across Omaha, NE, and the Council Bluffs area of west central Iowa spawned three tornadoes which injured 88 persons, and also produced high winds which injured 18 others. Winds at the Omaha Eppley Airport reached 92 mph. Damage from the storm was estimated at 43 million dollars.
    1989- More than 200,000 people crammed into Venice, a city of 83,000, for a free concert by Pink Floyd. The band performed on a floating stage in the Venice lagoon. Residents complained about violence, drug use and littering, and 80 people were slightly hurt in a scuffle before the show began. Concert-goers complained, too ... about inadequate toilets and emergency facilities. 
    1989 - Thunderstorms drenched Kansas City, MO, with 4.16 inches of rain, a record for the date. Two and a half inches of rain deluged the city between Noon and 1 PM. Afternoon thunderstorms in South Carolina deluged Williamstown with six inches of rain in ninety minutes, including four inches in little more than half an hour
    1992 – Arkansas Governor William Jefferson Clinton won the Democratic Party nomination for President.
    1993-- Breaking Cub Hall of Fame Ernie Banks' previous record of 277, Cal Ripken hits his 278th homer as a shortstop, the most ever hit by a major leaguer playing that position.
1994-the first move to cost more than $100 million to make was “True Lies,” a 20th Century-Fox action-adventure film directed by James Cameron and starring Arnold Schwarzenegger and Jamie Lee Curtis.  It opened nationwide on July 15.  Though exact figures were not released by the studio, the film was estimated to have cost $115 million.
    1996 – MSNBC made its debut as an 24x7 all-news cable and Internet channel.
    1996- The sultan of Brunei spent $25 million on his 50th birthday party, including $15 million for three concerts by Michael Jackson
    1997 - Fashion designer Gianni Versace was shot to death on the steps of his mansion in Miami Beach, Florida. Police believe Andrew Phillip Cunanan shot Versace. Cunanan committed suicide a week later on a houseboat about two miles north of the Versace mansion. Cunanan is suspected of killing four other men in a cross-country shooting spree. 
    1999--- The Brewers postpone game as a gesture of respect for the three workers who died when a huge crane collapsed lifting a portion of the roof for the team's new stadium, Miller Park. The crane broke in half as it lifted the 400-ton load damaging the partially completed stadium.
    1999-The Rolling Stones reported that they had an intake of over $337 million from the previous two years. The average nightly take on the 147 shows was over $2¼ million, as the band played to more than 5.6 million people, selling out all but 20 shows.
    2000- Bob Seger's 62-foot boat Lightning wins its division in the 78th annual sailboat race from Port Huron to Mackinac Island, MI.
    2000 --The American Tobacco Company's near-mint condition 1909 Honus Wagner card goes for $1.1 million in an eBay online auction; the high bidder will pay $1.265 million including a 15 percent buyer's premium for the 91 year-old card of the Hall of Fame Pirate shortstop.
    2002 - John Walker Lindh, an American who had fought alongside the Taliban in Afghanistan, pleaded guilty to two felonies in a deal sparing him life in prison.
    2002 - A Pakistani judge convicted four Islamic militants in the kidnap-slaying of Wall Street Journal correspondent Daniel Pearl.
    2003 – AOL Time Warner disbands Netscape. The Mozilla Foundation is established on the same day.
     2006 – Twitter is launched.
    2007 - The Roman Catholic archdiocese of Los Angeles announced it was settling clergy sex-abuse cases for $660 million.
     2007 - The Philadelphia Phillies lost for the 10,000th time in franchise history, a 10-2 defeat at the hands of the visiting St. Louis Cardinals.
    2009-Paul McCartney took time out from his current tour to stop by The Late Show with David Letterman where he and his band thrilled the crowd by performing at the outdoor stage atop the Ed Sullivan Theater.
   2010 - BP stopped the flow of oil into the Gulf of Mexico after 85 days using a 75-ton cap lowered onto the well earlier in the week.
   2011 – News Corp. CEO Rupert Murdoch accepted the resignation of The Wall Street Journal's publisher, Les Hinton, and the chief of his British operations, Rebekah Brooks, as the once-defiant media mogul struggled to control an escalating phone hacking scandal.

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Top Stories

(chronological order)

- Canada's New Anti-Spam Law Active July 1, 2014
- Chart---Mobile Is Taking Over Digital Media Usage
   Company in Texas in Beta Stage with Mobile Leasing
- Dean Rubin Starts Ultimate Financing, Inc., No Longer at Axis Capital
- Increase Your Market Share By Linda Kester
- N.H. Newspaper: Direct Capital Acquired by CIT (Formerly owned by Tyco)
- Ironically Chris Broom & His Wife Bought Tyco Kozlowski Mansion
- Element Financial $10 Billion in Assets After Raising $1.42 billion
- PayPal Extends "No Interest" Small Business Loan Program
- Cisco predicts 61% Internet Traffic Wireless by 2018; Video 79% 
- Quick Bridge Funding Secures $35 Million Credit Facility
- Update—Richard Wilson and the Portland V.A.
- Leasing News Icon for Android Mobile Device
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $3,982.80
- One-Third of 18-34 year Olds Live with Their Parent
- June 1, 2014 Alexa Ranks Leasing Web Media
- Healthcare Partners Group Leasing Head Sentenced
- Eight Tips to Rethinking Work-Life Success
   Crossing the Corner Office Chasm
- Balboa Capital Dismisses Suit Against Regents Capital;
Regents Capital Sues Balboa for $36,454 Attorney Fees
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $6,236.18
- California Considers Taking Away Bank Subsidiary’s
   Exemption to the California Lenders Law - ELFA Position
- Four Salesmen Pay Survey Responses
- BBB Ratings --- Complaints Bulletin Board Companies
- BBB Leasing Company Ratings
- The Salary You Must Earn to Buy a Home in 27 Metros
- Brican America Verdict Still Out
- Seeking Confirmation: Direct Capital Sold to CIT?
    by kitmenkin@leasingnews.org
- Leasing Association Membership Down
   by Christopher Menkin
- Report on NAELB Orlando Florida Conference
   by Dwight Galloway, CLP, RLC Funding
- Marlin's CEO Blames Severe Winter for Temporary Impact
   Turns $4.6 Million Profit for 1st Quarter, 2014
- ELFA 26th Annual National Funding Conference
   By Bruce Kropschot, The Alta Group
- Funding Conference Photographs
- Lease Fleece Judge Verdict on Citibank Kingpin
- New CLP Designation---“Associate”
- Look for More Changes in Conducting Leasing
- ZRG Partners Reports Q1 20% Hiring Growth
- 5 Ways to Give Your Brain a Break Right Now
- Marlin Leasing Getting Back into Broker Business
- LEAF Financial Income Fund III Complaints
   10K Gives Numbers
- “A Great Time to be in the Equipment Leasing Industry”
- The Value of Leasing Beyond Accounting Changes
- Alert: Dallin Hawkins is Back Again
    After His Fourth DUI Arrest
- Ascentium Capital Closes $200 Million Securitization
- Chesswood Record pretax earnings of $19.7 million
- Beyond the Detroit Municipal Bankruptcy Headlines
- Renasant Bank Will Consider Third Party Originations
- US Attorney Indicts EAR President Mark Anstett
   and Two Others for $100 Million Leasing Fraud
- The Controversy Today about Dun & Bradstreet
- Plastic Credit Card Processing Industry on the Way Out?
- Ex-PNC Equipment Finance VP/Regional Manager Arrested
- Why Leasing News is Different
- Top Five Leasing Company Web Sites—
    in North America
Changes in Leasing Web Site Rankings
- Loan/Lease Regulations
- Take Your Banker to Lunch
- Look Out!!! --Two Evergreen/PRR Clause Lessors Merge
   Onset Financial/Mazuma Capital
- Lease Police Tips on Judging Vendors
- Netiquette: Rules of Behavior For Email and the Internet
- Alert: Rudy Trebels Back Soliciting Broker Business
- Fugitive Banker Accused of Faking Own Death
 Found Alive, Now Arrested
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- The Future of Digital: 2013
- DLL Leaves Lessor to Hang
  
re: Evergreen Clause
- Advice for Broker or Lessor
   Dealing with a Company that Uses Evergreen Clauses
- Balboa Capital Settles Mass Fax Class Action Case
- How to be an “Expert Witness” and Make Extra Income
- Muncipalities and Their Budgets
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Is Long Term Leasing Dead?
- 5 Ways Women Are Better Bosses Than Men
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Terry Winders, CLP, Custom Built Poker Tables
   ---Order One for Father’s Day
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Chat Acronymns and Keyboard Smilies
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Four Software Solutions
    re: Digital device/Laptop Lost or Stolen!
- Mazuma and Republic Bank Get Snared on PRR Provision
   by Tom McCurnin, Esq.
- Companies who utilize Evergreen Clauses for Extra Lease Payments
- Jeff Taylor's Leasing Predictions, Spring, 2006
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint 
   Purchase Option on EFA, Won’t Return $5,000 S.D.
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Republic Bank out of leasing?
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

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

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