Archives—March 20, 2002
BancPartners Announces Resignation of James R. Lahti

“BPL-BancPartners Leasing Inc. announced today that it had accepted the resignation of James R. Lahti, President of BancPartners of Texas, Inc. (formerly Affiliated Corporate Services, Inc. (ACSI)

“Warren Hawkins, CEO of BancPartners commented, Jim has been instrumental in the operations of BancPartners of Texas and we will certainly miss him. However, Jim has decided to pursue other interests out of Austin, Texas and we wish him the best.

“BancPartners Leasing Corporation is one of the largest independent leasing companies in the Southeast and Southwest U.S. with offices in Dallas and Austin, TX, Birmingham, AL, Nashville, TN, and Atlanta, GA. Its private label leasing program is one of the most comprehensive programs offered to community banks. BancPartners can be found on the Internet at www.bancpartners.com.”

Today

President, Affiliated Investment Group, Cedar Park, Texas
http://www.affiliatedinvestment.com/pages/about.htm

 

Classified Ads---Controller

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

Chicago, IL experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating.  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

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

 

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

 

 

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Independent Community Bankers of America Convention
by Neil Morstad, OneWorld Business Finance

The Independent Community Bankers of America convention in Las Vegas, Nevada last week attracted 1900 attendees representing over 900 companies including 200 exhibitors. Attendees had the opportunity to attend sessions representing topics integral to the evolving community banking industry such as regulations and exams, revenue and growth, compliance and risk management, “C-suite” management, and lending and technology.

The ICBA brought technology to all attendees via a mobile app. The app kept attendees updated with alerts, announcements, and exhibitor events. It included a networking feature to allow attendees to keep in touch with any old or new friend also using the app.

The prevailing attitude was one of optimism and striving for a free and balanced economic environment. Cam Fine, President of ICBA, gave an impassioned speech about how ICBA has consistently overcome the naysayers, the David over Goliath, and will continue to do so. Incoming ICBA Chairman Bill Loving established as his primary goal regulatory relief for community banks through ICBA’s new Plan for Prosperity.

Key-note speaker FDIC Chairman Martin Gruenberg began speaking about the improving banking system on the heels of the worst financial crises ever in the United States. Factors that contributed to failed financial institutions included very rapid growth, concentration on high-risk loans, and reliance on brokered deposits. These factors are not typical of a successful community bank. He recommended that for a community bank to remain viable, it must have stable business relationships, stay in its local market, and stick with its expertise. He ended by saying community banks are critical to the recovery and success of the US financial system.

It was interesting to note how prolific the community banks have become entrenched in this country. Gruenberg stated that 46% of all small business and farming loans insured by the FDIC are done through the community banking system. Further, he said there are hundreds of counties in the US that only have a community bank to rely upon. Interesting too was Cam Fine lamenting about how the community banks are paying for the sins of the big banks that are “too big to fail, too big to jail.” A number of bankers I spoke with agreed that even after a bank examination is completed, an unending list of regulatory requirements is waiting to be addressed.

OneWorld has found an advantage being an ICBA Preferred Service Provider. It was a three-year, arduous approval process but it lends instant credibility to OneWorld’s capabilities. When OneWorld refers a lease opportunity to a bank, it not only gives the bank a chance to build its asset base but also its customer base. Community banks are a bit more conservative than many traditional lease funding sources. Generally, banks expect to see personal guaranties on closely-held companies and prefer a down payment. Conversely, banks can financially benefit by sending deals the other direction, to OneWorld, and earn a fee on funded transactions. Referring deals provides an opportunity for a banker to fulfill their customer’s financial needs and avoids customers from shopping elsewhere. There was emphasis at the convention for community banks to offer services that generate more fee income and lease referrals support that initiative.

Next year’s annual convention will be held March 2-6 in Hawaii.

-

Neil Morstad
VP Operations
OneWorld Business Finance,
The Equipment Leasing & Financing Coop of America
nmorstad@oneworldbusinessfinance.com

 

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Small business lending down in 2012,
but big banks continue to lead the market
By Harish Mali, SNL Financial

The largest banks continued their reign over small business lending in 2012. Aggregate small nonfarm business loans at US commercial and savings banks stood at $539.7 billion at the end of 2012, down by $10.9 billion or 2% compared to 2011. Banks with greater than $10 billion in assets remained the largest holders of nonfarm small business debt with a market share of 45% at Dec. 31, 2012, compared to 39% at June 30, 2005, and 22% at June 30, 1995.

Most of that growth in market share came at the expense of smaller banks with less than $1 billion in assets. Their market share stood at 34% in 2012, down significantly from 41% at June 30, 2005 and 51% at June 30, 1995.

Aggregate small business loans at banks with total assets between $1 billion to $10 billion grew by 3.75% in 2012. However, those banks with more than $10 billion in assets actually saw a decline in their aggregate balances of 1.79% for the year. The smallest banks, those with less than $1 billion in assets, reported a 1.03% gain for the year with most of that growth coming from loans of between $250,000 and $1 million.

SNL's analysis shows that commercial and savings banks with greater than $10 billion in assets have more than quadrupled their nonfarm business loans portfolio since 1993. Aggregate nonfarm business loans at these banks amounted to $1.5 trillion at Dec. 31, 2012, compared to $283.4 billion in 1993. On the contrary, the growth rate for midsized banks with $1 billion to $10 billion of assets and smaller banks with less than $1 billion in assets is only 60.4% and 67.1%, respectively.

The number of small nonfarm business loans has also more than quadrupled since June 30, 1995. 18.2 million loans were outstanding at Dec. 31, 2012, up from 15.7 million in 2011 and 15.1 million in 2010.

Perhaps not surprisingly then, the top 15 small nonfarm business lenders are large banks. Wells Fargo Bank NA continued atop the rankings with a small nonfarm business loan portfolio of $32.8 billion at Dec. 31, 2012, followed by Bank of America NA and JPMorgan Chase Bank NA, with $26.2 billion and $19.8 billion, respectively.

Wells Fargo Bank NA also holds the second position on the list of largest small farm lenders, while the top slot is occupied by Madison, Wis.-based John Deere Financial F.S.B., a banking subsidiary of the heavy equipment manufacturer, Deere & Co. John Deere Financial's $1.3 billion small farm loan portfolio represented more than two-thirds of its total assets at the end of 2012. Interestingly, more than half of the companies on the list were midsized companies with total assets of $1 billion to $10 billion at Dec. 31, 2012.

Chesswood/Pawnee Year-end Anniversary Report

To help celebrate its company Pawnee, Chesswood posted its third consecutive year of record earnings before taxes in 2012, although Pawnees lease payments decreased $4.1 million. There were less charge offs as well as profit improvements, but overall an earnings improvement.

The press release reported income before tax was $16,727,000 (Canadian) for 2012 compared to $15,632,000 for 2011 and after tax: $8,989,000 for 2012 compared to $6,509,000 for 2011. (1)

The press release stated, "These earnings also reflect new milestones in portfolio size for the Company’s largest business, Pawnee Leasing Corporation." The web site states "Pawnee Leasing Corporation, located in Fort Collins, Colorado, is Chesswood’s largest operating company. In business since 1982, Pawnee is an industry leader in commercial micro-ticket leasing to small businesses across the lower forty-eight states of the U.S. Pawnee’s assets comprise approximately 75% of Chesswood’s consolidated assets."
http://www.chesswoodgroup.com/Chesswood-Group/Corporate-Profile.aspx

Chesswood paid dividends of $7.2 million in 2012, compared to $6.6 million in 2011, which included officers and directors of the corporation, including former CEO of Pawnee, Sam L. Leeper, and Pawnee founder Robert J. Day.

Barry Shafran
Chesswood President/CEO

“We’re very proud to have achieved record profitability once again, driven primarily by another year of growth in our financial services businesses” said Barry Shafran, the Company’s President and CEO. “Pawnee Leasing and Case Funding each posted strong gains in their results over last year, while our Canadian automotive business had another year of steady earnings” added Shafran.

Chesswood is composed of Acura Sherway, Cars4u.com, CaseFunding, and Pawnee Leasing Corporation. "Chesswood recently added Case Funding Inc., a U.S. legal finance company, to its specialty finance portfolio.

Chesswood’s genesis was in the automotive industry as a vehicle lessor and operator of new car dealerships. Today, Chesswood retains ownership of one of the larger Acura dealers in Canada, Acura Sherway, in addition to Canada’s only eDealer, cars4U.com."

Traded on the Toronto Exchange (TSX:CHW), the stock had an open of 9.94 (Canadian) with a close of 9.95 with a 52 week high of 9.98

The year-end financial statements states, "New leases entered into during the year-ended December 31, 2012 at Pawnee resulted in an increase in the minimum lease payments recognized of $90.8 million (2011 – $94.9 million); the associated residual receivable for these new leases totaled $6.8 million (2011 – $7.2 million); and the unearned income totaled $40.2 million (2011 – $42.7 million)."
(Year-End FS, page 78

It is interesting to note that Equipment Financing Agreements grew to $6,742,000 year-end December 31, 2012 compared to $65,000 in year-end December 31, 2011.
(Year-End FS, page 79)

The company notes security deposits of $11 million for year-end 2012 versus $10 million year-end 2012 were not included in the following figures:

1. Chesswood Press Release:
   http://www.leasingnews.org/PDF/ChesswoodPressRelease32013.pdf
   
   Chesswood Year-end 2012 Financial Statement:
   http://www.leasingnews.org/PDF/ChesswoodYearendfinancial32013.pdf

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

 

 

 

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Leasing Industry Help Wanted

Orange, California Funding Coordinator Generate documents & addendum's, approve all signed documents, process, working closely with sales team; responsible for developing positive and strong working relationships both internally and externally. This is a key position, important for the growth of Quick Bridge funding For more description of duties and requirements, please click on position www.quickbridgefunding.com Quick Bridge Funding provides working capital loans to small and mid-sized companies throughout the United States. With an innovative program we provide capital to an to an under-served market.

 

 
 

Business Development Officer Baltimore-Washington DC Area Existing client base a plus, work from corporate office as needed. Salary plus commission structure, benefits, expense plan. Allan Levine 443 796 7337 Nancy Pistorio 443 796 7325 Email: Alevine@madisoncapital.com or npistorio@madisoncapital.com A great place to work www.madisoncapital.com 35 years equipment & vehicle financing full service direct funder for small to mid-ticket transactions, with syndication abilities for large ticket.

 

 

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

Please see our Job Wanted section for possible new employees.

 

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Letters?! We get eMail

(Mostly in Chronological Order)

NEFA National Equipment Finance Summit Report
by Dwight Galloway, CLP
http://leasingnews.org/archives/Mar2013/3_18.htm#nefa

"I was uplifted by Dwight Galloway's coverage of the NEFA conference this past weekend in Albuquerque. Dwight really gave a message of renewed optimism and hope by the attendees. I could feel the energy he described in his story.

“I hope that Dwight will be able to transfer the same energy and enthusiasm to the upcoming NAELB conference on April 18th in Las Vegas.

“I look forward to seeing Dwight there and reading a great recap of the NAELB conference by him."

Rosanne Wilson, CLP, BPB
1st Independent Leasing, Inc.
rosanne@1stindependentleasing.com

About the NAELB Conference:
http://www.leasingnews.org/Pages/naelb_2013.html

(Leasing News is very proud to have Dwight cover conferences and events, as he has been doing so for several, if not many years. He is an excellent writer, always to the point, and can’t say enough about his being on time for the next edition and always accurate. Editor)

---

Leasing News Receives Constant Contact
"All-Star Award"

http://leasingnews.org/archives/Mar2013/3_13.htm#award

"Congratulations!

"I visited their website to see what they offer. Amongst others, it is providing better email-marketing, web-search and campaign results. Funnily enough, I could not find information on this contest on their own website.

“Strange, they boast their 20+ awards since 2012 but no word on their own giving.

“I hold the reward is well deserved for your continued contribution to the leasing community."

Kind regards, Sicco Jan

Sicco Jan Bier
Business Analyst
Planning & Control
After Market & Industrial Solutions
DENSO INTERNATIONAL EUROPE

Here is information about the award from Constant Contact on their site:

http://www.constantcontact.com/landing/allstar

--

 

"I chose the "do not mail" as was away, but now back, can't get back on. I went to the website and followed the instructions at the top of Leasing News. Is there something else I should do? Or somewhere else on the sheet that has some other instructions?"

Bob Teichman, CLP
Teichman Financial Training
BoTei@aol.com

((I will send you a form, as Constant Contact has an anti-spam feature that does not allow me to add anyone back who has removed themselves from the mailing list...Bob received form and is back on line. Editor)

---

"Thanks for the connection...I really enjoy your newsletter!!! Very informative and fun to read..."

David Singer

Strategic Partner/Consultant
dsinger@svirecruiting.com

---

"I miss the old leasing days when it was fun and honest. A lot has changed. I am glad to be back on the mailing list."

Sent from my Verizon Wireless BlackBerry
(Name With Held)

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"Your site has always been one of the most informative in the industry. I always appreciated your detailed coverage and your responsiveness – those are two qualities that are increasingly hard to find these days."

Best regards,
Philip Hauserman
The Ledlie Group
philip.hauserman@theledliegroup.com

--

Equipment Lessor Let Off the Hook by Use
of a Condensed Statute of Limitations Clause
by Tom McCurnin
http://leasingnews.org/archives/Feb2013/2_26.htm#lessor

"OK, no fair leading with Seinfeld!

"I love Tom McCurnin's column: great case selection and analysis. Keep it up!"

BARRY S. MARKS
MARKS & WEINBERG, P.C
bmarks@marksweinberg.com

---

“After reading today's articles I believe it's time Tom McCurnin's writes the definitive book on leasing case histories and laws. You have the ability and you have the sense of humor. Aside from the many friends his had made that would benefit this would be a boon to his practice.

“Once again McCurnin's column today was the high spot on leasing news and although not relevant to me--- it was fascinating read .

“With respect,”

Neil Roth
keycc@bellsouth.net

(His columns are located at: keycc@bellsouth.net He may soon definitely have enough for a book. editor).

---------

Leasing Veteran Rex Wiggins Passes Away
http://leasingnews.org/archives/Feb2013/2_19.htm#wiggins

"I am so sorry to hear about Rex Wiggins. I knew him well in the mid 80's though the mid 90's. He was a very kind and funny man. My heart goes out to Jean and the rest of him family. I will remember him fondly.

Rest in Peace my friend."

Ginny Young
ORTCOGINNY@aol.com

--

"Thank you for the article in today’s Leasing News."

Regards, Jean.

Jean M. Hamilton
Crosspoint Leasing & Financial Services, Inc.
jhamilton@crosspointleasing.com or jean@crosspointleasing.com

---

(A younger Stan with his late wife, who I believe died from cancer)
Stan Nathanson Passes Away
http://leasingnews.org/archives/Feb2013/2_13.htm#nathanson

"RIP Stan. I enjoyed your health and dietary theories."

Steve Geller
geller44@verizon.net

--

"Very sad to hear about Stan Nathanson passing away. A very nice man. We had done business with him from the mid 90’s. We enjoyed working with him. We had an interesting connection. Stan and my Father went to High School together at Senn High School on the North side of Chicago. Now what were the odds of me doing business with an old classmate of my Father’s ?

"He will be missed.

"Thanks for the article"

Don

Don Myerson
President
DMyerson@bsbleasing.com

----

 

(Out of Chronological Order due to length)
Los Angeles BBB Expelled from National Association
http://leasingnews.org/archives/Mar2013/3_13.htm#bbb

From:
Jaime A. Kaneshina, CLP BPB
Director of Finance
TCCG, LLC dba The Cambridge Capital Group

"To: Jaime Kaneshina

Subject: Important News about Los Angeles Better Business Bureau
jaimek@theccgrp.com

"Dear Los Angeles-area BBB Accredited Business:

"For 100 years, the Better Business Bureau has been the leader in building marketplace trust between businesses and consumers. We hold businesses to high standards for honesty, transparency, fairness and integrity, and we hold ourselves to those same standards.

"As you may know, BBB of the Southland, which serves the greater Los Angeles area, has been the subject of an internal BBB review. In anticipation of being expelled from the BBB system, BBB of the Southland has taken steps to continue operating under a new name.

"Many of you contacted us to say that you want to stay with BBB. I'm writing today to tell you that we want you to stay! And I also want to let you know what is going on and what happens next.

"So what IS going on?

"BBBs must meet nine Performance and Accountability Standards, including 67 specific requirements relating to organizational and financial management.

The specific concerns about BBB of the Southland are part of the internal review, but I can tell you that BBB of the Southland failed to resolve concerns about compliance with several standards required of BBBs, including standards relating to accreditation, reporting on businesses, and handling complaints.

"BBB of the Southland is no longer licensed to serve as a BBB. This was an extremely difficult decision for the BBB system, but I assure you the decision was made with ample due process in a self-regulatory procedure that is thorough, unbiased, thoughtful and fair.

"So what happens next?

"The most important thing you need to know is that you have the opportunity to retain your BBB Accredited Business status and continue to use the seal in your marketing and at your place of business until we establish a new BBB in the LA community. Soon we will ask you to log on to la.bbb.org (NOTE: This is a new web address; please be sure to add the extra dot) and follow simple instructions which will include attesting to your current accreditation and agreeing to continue to meet the BBB Code of Business Practices. These forms are not online yet, so please watch your inbox for specific instructions about this over the next few days. While you are there, please sign up for our e-newsletter so you receive regular updates.

"In addition to being interim President of the Council of Better Business Bureaus I am also CEO of a BBB and have strong relationships with many Accredited Businesses. I know how difficult this is for you, and I assure you that the entire BBB system is committed to maintaining a BBB presence in the greater Los Angeles area. We have been preparing for this possibility for months, and we have contingency plans in place to provide short-term assistance to businesses and consumers in the region. In time, we will build a strong, standards-based BBB that consumers can depend upon and that businesses large and small can participate in with pride. We are looking forward to your continued support as we make that happen, and we ask for your patience during this time of transition."

Warm regards,
Carrie A. Hurt
Interim President and CEO
Council of Better Business Bureaus

 

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

Cheaper Money in Banks and Credit Unions This Fall

In September, the last of the five-year certificates of deposit, issued during the interest rate peak in 2008, will mature reducing the cost of funds for banks and credit unions.

SAN ANSELMO, Calif. – The latest analysis from Market Rates Insight (www.marketratesinsight.com) shows that starting this Fall, cost of funds will decrease gradually and substantially as the five-year certificates of deposit (CDs), which were issued at the latest interest rates peak in September of 2008, will mature. In September of 2008, the yield on the five-year CD reached its latest peak of 3.39% after fluctuating throughout the year. From that point on, yields of the five-year CDs declined all the way to their current average rate of 0.79%. This means that starting in September of this year, the cost of funds on the five-year CD portion of deposit balances will gradually decline as CDs with relatively higher interest rates will start maturing. By March of 2014, five-year CDs that were issued at a rate of 2.38% will be maturing reducing cost of funds even further.

Five-year CDs are the last of the highest-yielding deposits that were issued in 2008 when interest rates were still relatively high. CDs of lesser terms, such as the four, three and one-year that where issued during the 2008 have already matured, and all new or rollover CDs were issued at lower interest rates. The exact amount of bank balances that will be impacted by the lower cost of funds is not available since the FDIC does not release separate balances of five-year CDs. However, FDIC data shows that as of December of 2012, there were about $180 billion in CD balances of three to five-year term, which means that part of this balance amount will gradually carry a lower cost of funds staring in the Fall of this year.

Dan Geller, Ph.D.
Exec. VP, Market Rates Insight

“The maturation of the five-year CDs from 2008 is a mixed bag” said Dan Geller, Ph.D. Executive Vice President at Market Rates Insight, “it will adversely impact those who depend on higher interest rates as income, but it might make loan rates more attractive due to declining cost of funds at banks and credit unions.”

About Market Rates Insight
Market Rates Insight (MRI, www.marketratesinsight.com) is a reputable provider of competitive-pricing information and analysis to financial institutions. MRI’s competitive data is complete, detailed and timely, which allows for the highest level of pricing precision. Therefore, the use of MRI’s competitive data ensures greater pricing optimization, and subsequently, improved profitability. In addition to competitive-pricing data, MRI also conducts pricing analysis and provides tracking of industry indexes. MRI’s indexes, published weekly in the National Pricing Indicators, are the industry standard for deposit pricing, and are viewed weekly by executives of banks and credit unions through video, audio and print channels.

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

John Kenny Receivables Management www.jrkrmdirect.com • End of Lease Negotiations & Enforcement • Fraud Investigation • Credit Investigations • Asset Searches • Skip-tracing • Third-party Commercial Collections The Solution to Your Credit & Accounts Receivable Needs  John Kenny 315-866-1167 |  John@jkrmdirect.com

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

 

Seven States with No Income Tax
By Mike Sauter,24/7 Wall St.

1.
Alaska

Tax collections per capita: $7,708 (the highest)
State revenue per capita: $17,630 (the highest)
State spending per capita: $15,663 (the highest)
Federal aid as a pct. of revenue: 24.0% (the lowest)
State sales tax rate: N/A

Despite having no income tax, Alaska actually collected more in taxes per capita than any other state, at $7,708 in fiscal 2011. Because it raised so much in taxes, Alaska had the highest per capita government expenditure of any state in the U.S. during 2011, exceeding $15,000. Additionally, while the state has no individual income tax, it did have the nation’s largest corporate income tax collections, $1,003 per capita. This was more than twice any other state. Tax collections from oil companies operating in the state are currently so high that Governor Sean Parnell is considering lowering taxes

2.

Florida
Tax collections per capita: $1,718 (7th lowest)
State revenue per capita: $3,974 (3rd lowest)
State spending per capita: $4,441 (the lowest)
Federal aid as a pct. of revenue: 36.9% (23rd highest)
State sales tax rate: 6.00% (16th highest)

In 2011, Florida brought in just $3,974 in revenue per resident, the third lowest of all states. Since revenue was lower than most, spending was also. Total expenditures per capita in 2011 was just $4,441, the lowest of all 50 states. That year, just $1,306 per capita was spent on education, among the lowest in the country. In 2011, under the leadership of Governor Rick Scott, the budget was cut further in areas like education and child welfare. Yet in February the Governor introduced a new budget of more than $74 billion that includes pay raises for teachers and state workers and expands health care services for the disabled.

3.

Nevada
Tax collections per capita: $2,333 (25th lowest)
State revenue per capita: $3,848 (2nd lowest)
State spending per capita: $4,848 (4th lowest)
Federal aid as a pct. of revenue: 27.1% (5th lowest)
State sales tax rate: 6.85% (8th highest)

At 0.90% of assessed home value, Nevada’s effective property tax rate for 2011 was just below the national average of 1.12%. But after the housing crisis caused property values to tumble, local budgets have been strained by the loss of property taxes. This is especially troubling in a state with no income tax. The state’s revenues totaled just $3,848 per capita in 2011, less than all but one state. This was partly because it received less in government revenues than all but four others, at just over 27% in 2011. Additionally, as one of the nation’s most frugal spenders, Nevada did not need to raise much money. As of 2011, no state spent less on public welfare than Nevada’s $781 per capita.

4.
South Dakota
Tax collections per capita: $1,682 (3rd lowest)
State revenue per capita: $5,028 (18th lowest)
State spending per capita: $5,459 (10th lowest)
Federal aid as a pct. of revenue: 45.6% (4th highest)
State sales tax rate: 4.00% (tied for 2nd lowest)

South Dakota only collected $1,682 in taxes per capita in 2011, lower than all but two states. Due to lower tax collections, the state had lower spending on government programs. In 2011, expenditures per capita were just $5,459, significantly less than the $6,427 spent on average by all states across the country. Education expenditures were just $1,578, the eighth lowest of all states and well below the $1,901 spent per capita across the U.S. South Dakota was also more deeply indebted than most states — debt per capita was $4,321, in the top third of all states.

5.
Texas
Tax collections per capita: $1,696 (6th lowest)
State revenue per capita: $4,209 (5th lowest)
State spending per capita: $4,905 (5th lowest)
Federal aid as a pct. of revenue: 40.0% (11th highest)
State sales tax rate: 6.25% (13th highest)

Living in Texas can be light on the pocketbook. In addition to having no personal income tax, the cost of living in Texas was the seventh lowest in the country in the fourth quarter of 2012. The median household income in Texas in 2011 was $49,392, slightly lower than the $50,502 nationwide. Government spending in 2011 was just $4,905 per resident, the fifth lowest of all states. The state’s austerity in recent years may be showing signs of loosening, however. Texas legislators are writing a budget that beefs up spending in areas such as public schools and mental health, which have taken a beating in recent years.

6.
Washington
Tax collections per capita: $2,566 (19th highest)
State revenue per capita: $5,156 (20th lowest)
State spending per capita: $6,735 (24th highest)
Federal aid as a pct. of revenue: 31.3% (10th lowest)
State sales tax rate: 6.50% (10th highest)

With no income tax, Washington relied heavily on its 6.5% sales tax, the nation’s 10th highest rate. This tactic has worked in the past: in 2011 the state raised $1,559 in sales tax revenue per resident, more than nearly all other states. This accounted for the majority of the $2,566 in taxes collected by the state that year. Localities often depend on the sales tax for revenue as well: the average local sales tax paid by a Washington resident is nearly 2.4%, bringing the total sales tax rate to nearly 9% — fourth highest in the United States. Although sales taxes are often considered to be especially costly for the poor, Washington makes up for this by having the nation’s highest minimum wage, at $9.19 an hour. It is also one of the nation’s stronger states for education spending, at $2,180 per capita in 2011.

7.
Wyoming
Tax collections per capita: $4,347 (3rd highest)
State revenue per capita: $10,694 (2nd highest)
State spending per capita: $9,986 (2nd highest)
Federal aid as a pct. of revenue: 39.6% (12th highest)
State sales tax rate: 4.00% (tied for 2nd lowest)

Wyoming, in addition to not collecting any individual income taxes, is one of just four states that does not collect any corporate income tax. This has made it the most business-friendly state in the country for taxes, according to the Tax Foundation. Nevertheless, Wyoming has no problem collecting revenue compared to most of the other states. It generated $10,694 in revenue per capita in 2011, higher than all states except Alaska. As a large energy producer, the state is able to garner oil production taxes. Moreover, Wyoming generated $1,523 in state sales tax collections in 2011, higher than all but two other states. Expenditure per capita in 2011 was $9,986 the second highest of all states

(Five states have no sales tax)

Delaware
Montana
New Hampshire
Oregon

• Although Alaska does not have a state sales tax, it does allow localities to impose sales taxes, which range from 1% to 7%.

Delaware does not have a sales tax, but does impose a gross receipts tax on businesses that can be as high as 2.07% of the total receipts from goods sold and services rendered in the state. This tax is generally not passed on to the consumer.

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Leasing Industry Outsourcing
(Providing Services and Products)

Appraisals: Boston, MA Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.  Call Chris @ 508-785-1277. Email: email	Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround. Visit  nationalequipmentappraisal.com  or call 714-282-1525.”
Accounting: Dallas, TX Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available. E-mail: mattm@osgsolutions.com	Accounting: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available, (216) 658-5618, E-mail gary@avptc.com
Aircraft Delivery: Seattle, WA  Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey operation. globalaircraftdelivery.com  E-mail:email	Asset Management: Canada  Cease Bailiff Services Incorporated: Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security Asset Liquidations/Sales; Ottawa, Canada;www.ceasebailiff.ca dave@ceasebailiff.ca; Phone 613 898 7376 ; Fax 613 225 2452
Asset/Recovery & Collections: Charlotte, NC IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or E-mail to Robert@mbsfinancial.com	Nationwide Seasoned anfair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728   dcastagna@nasset.com
Asset/Recovery: NorthWest  Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contactrossr@sequentam.com	Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing cell # 586-909-8797bob@nsleasing.com
Appraisals/Asset Recovery Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968 ecastagna@inplaceauction.com

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

Orange, California Funding Coordinator Generate documents & addendum's, approve all signed documents, process, working closely with sales team; responsible for developing positive and strong working relationships both internally and externally. This is a key position, important for the growth of Quick Bridge funding For more description of duties and requirements, please click on position www.quickbridgefunding.com Quick Bridge Funding provides working capital loans to small and mid-sized companies throughout the United States. With an innovative program we provide capital to an to an under-served market.

 

Bruno Finds Home in Long Island

While Bruno is still noted as available on the Nassau County Society for Prevention of Cruelty to Animals, the New York Daily reports he has found a permanent home. Leasing News wrote about the last dog at the Nassau County shelter on Monday.

His former owner’s life was so turned around by Hurricane Sandy that he could no longer care for the dog. Both he and the dog nearly drowned when the hurricane hit their Long Island house. Bruno has been living in the shelter since October. His owner would visit him from time to time. He was living out of his car and looking for work, as the company he was working for was also destroyed by the hurricane.

The shelter said that during the visits the owner and the Rottweiler would cry. Afterward, Bruno would howl for a half an hour or longer.

Reportedly, Bruno and his former owner said their last goodbyes and the dog is off to live with a new family.

Bruno was one of 515 displaced pets that took up residence, according to the shelter. All the other pets were either adopted or reunited with their owners.

Retriever, Labrador/Mix
San Francisco, California Adopt-a-Dog

Dolly
ID: 18874261
GENDER: Female
BREED: Retriever, Labrador/Mix
COLOR: Black
AGE: 1 year

DESCRIPTION: Dolly is a sweet, affectionate dog who wound up in the local shelter with some medical issues her prior owner could not address. The SPCA opted to fix her up and then get this sweetie adopted. She weighs about 84 pounds and we’re working to get her slimmed down. Dolly has some exercise restrictions right now but we know that once she recovers from her surgery she will be a ball-catching superstar! A perfect day for Dolly would include going for a jog or playing ball, stopping by a training class, then snuggling up for a nap on your lap. She gets along with everyone she has met here, including respectful children of all ages. If your family loves going on adventures and wants a best friend to join in on the fun, from hiking to Frisbee tournaments, you might be the perfect match for sweet, silly Dolly!

SF SPCA Pet Adoption Center
250 Florida Street
San Francisco CA 94103
Free visitor parking
415-522-3500
Closed Mondays and major holidays.
Tuesday – Friday, 1:00 p.m. – 7:00 p.m.
Saturday – Sunday, 10:00 a.m. – 6:00 p.m.

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/

 

 

Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry. He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale. 502.649.0448/WindersConsulting@yahoo.com

 

News Briefs----

 

Supreme Court Rules Against Wiley In Landmark Case
IT Equipment Leasing Companies Affected
http://www.telecomreseller.com/2013/03/19/supreme-court-says-copyright-law-does-not-protect-publishers-in-discount-re-sales/

Toronto lobbyist ‘curfew’ up for debate, leasing involved
http://www.thestar.com/news/city_hall/2013/03/19/toronto_lobbyist

Huntington Exceeds $4 Billion Lending Commitment to Small Businesses in the Midwest
http://www.fortmilltimes.com/2013/03/19/2564646/huntington-exceeds-4-billion-lending.html

ICBC Leasing enters offshore
http://sinoshipnews.com/news_content.php?fid=3w3c1108

Cyprus Isn't Even Such a Big Offshore Bank Haven
http://www.businessweek.com/articles/2013-03-19/cyprus-isnt-even-among-the-bigger-offshore-bank-havens

Housing data shows construction gains
http://www.upi.com/Business_News/2013/03/19/Housing-data-shows-construction-gains/UPI-74161363704747/

US Judge OKs Hostess Twinkies, Ding Dongs sale
http://www.chicagotribune.com/business/breaking/chi-sale-of-hostesss-twinkies-ding-dongs-wonder-brands-approved-20130319,0,5835925.story

 

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---You May Have Missed

Study links 180,000 global deaths to sugary drinks
http://www.usatoday.com/story/news/nation/2013/03/19/sugary-drinks-deaths-research/2001191/

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SparkPeople--Live Healthier and Longer

SparkPeople--Live Healthier and Longer

The Right Salad May Help You Eat Less
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=649

 

[headlines]
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Spring Poem

Spring Vow 

    by Larissa Shmailo

We will love like dogwood.
Kiss like cranes.
Die like moths.
I promise.

[headlines]
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Sports Briefs----

49ers find their kicker: Phil Dawson
http://blogs.sacbee.com/49ers/archives/2013/03/49ers-find-their-kicker-phil-dawson.html

Santa Clara agrees to league's financial demands to host Super Bowl in 2016
http://www.mercurynews.com/ci_22817607/santa-clara-agrees-nfls-financial-demands-host-super

A-list stars who played basketball in school
http://sports.yahoo.com/photos/a-list-stars-who-played-basketball-in-school-1363292044-slideshow/

ESPN.com's NFL pre-draft Power Rankings
http://espn.go.com/blog/nflnation/post/_/id/74371/espn-coms-nfl-pre-draft-power-rankings-2

Broncos offer Elvis Dumervil contract
http://espn.go.com/nfl/story/_/id/9071839/john-elway-says-elvis-dumervil-offered-contract-denver-broncos

Tony Romo will sign an extension with the Cowboys
http://cowboysblog.dallasnews.com/2013/03/owner-jerry-jones-wants-jason-garrett-and-coaching-staff-to-be-more-creative-and-do-a-better-job-of-utilizing-tony-romos-skills.html/

It's Bradford's time to lead
http://www.stltoday.com/sports/columns/bernie-miklasz/bernie-bytes-it-s-bradford-s-time-to-lead/article_b9e9f57e-55db-50aa-8381-5abcc8d3de26.html

NFL-National Football League roundup
http://sports.yahoo.com/news/nfl-national-football-league-roundup-230141319--nfl.html

 

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California Nuts Briefs---

Former CalPERS board member and chief executive indicted in bribery case
http://www.sacbee.com/2013/03/18/5272742/former-calpers-board-member-and.html

State unemployment stays flat in January
http://www.sacbee.com/2013/03/19/5276378/state-unemployment-stays-flat.html

Apple hires Adobe's chief technology officer, Kevin Lynch
http://www.mercurynews.com/business/ci_22826596/kevin-lynch-apple-hires-adobes-chief-technology-officer

Woz's former Los Gatos home for sale, including grotto and 'Little Mermaid' mural
http://www.mercurynews.com/business/ci_22818168/steve-wozniak-former-los-gatos-home-sale-including-grotto

Comcast boosts Internet speeds in Bay Area
http://www.mercurynews.com/business/ci_22823939/comcast-boosts-intts-internet-speeds-bay-area?source=autofeed#

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“Gimme that Wine”

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

Coppola buys Geyser Peak Winery facilities, vineyards
http://www.pressdemocrat.com/article/20130318/

The secrets of wine importing
http://www.foxnews.com/leisure/2013/03/18/secrets-wine-importing/

There's a Corner on the Internet For Every Wine Drinker
http://mashable.com/2013/03/17/wine-ecommerce/

'No chance of a glut' say NZ winemakers as they celebrate bumper crop
http://www.decanter.com/news/wine-news/583722/no-chance-of-a-glut-say-nz-winemakers-as-they-celebrate-bumper-crop

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

 

    1723- Benjamin Franklin, discontent with the manner in which his brother treated him, left Boston and settled in Philadelphia, where he was to become famous.
    1760 - The great fire of Boston destroyed 349 buildings. 
    1852 - Harriet Beecher Stowe's classic book was published. "Uncle Tom's Cabin", subtitled "Life Among the Lowly", became an instant success, selling 300,000 copies in its first year. It has been translated into twenty languages and performed as a play the world over.
    1863- a distant relative, Adah Isaacs Menken. a lovely and much talked about actress, scored a spectacular triumph in Virginia City, Nevada, with her performance in Mazeppa, or The Wild Horse. At the climax of the show she was strapped to the back of a wild horse and, in a flimsy gauze garment, driven up a mountain trail. The audiences of miners stood on their chairs and cheered wildly. Virginia City was so impressed that it named a new mining district the Menken and established a Menken Shaft and Tunnel Co 1863- a distant relative, Adah Isaacs Menken. a lovely and much talked about actress, scored a spectacular triumph in Virginia City, Nevada, with her performance in Mazeppa, or The Wild Horse. At the climax of the show she was strapped to the back of a wild horse and, in a flimsy gauze garment, driven up a mountain trail. The audiences of miners stood on their chairs and cheered wildly. Virginia City was so impressed that it named a new mining district the Menken and established a Menken Shaft and Tunnel Company.
    1868--- Jesse James Gang robs bank in Russelville KY of $14,000
    1897 - The first men's intercollegiate basketball game to use five players per team was held in New Haven,CT. Yale beat Pennsylvania by a score of 32-10 in New Haven, CT.
    1907 - assistant District Attorney Francis Heney's office sends 65 indictments against political boss Abe Ruef to the grand jury rooms at Gough and Geary street. Judge Coffey orders bail to be set at $10,000 per indictment. 
    1911 - The National Squash Tennis Association was formed in New York City with14 chartered members, at the Harvard Club of New Your.
    1914 - The first international figure skating championship was held in New Haven, CT. Events included men's singles, women's singles, pairs and waltzing, later known as ice dancing.
    1920-Birthday of pianist 1920 Marian McPartland 
http://www.concordrecords.com/bios/mcpartland.html
    1922 – Birthday of Larry Elgart (musician: lead alto sax, bandleader with brother Les: Hooked on Swing, The Bandstand Boogie) 
http://www.spaceagepop.com/elgarts.htm
    1936 - Benny Goodman and his orchestra recorded "Christopher Columbus" on Victor Records in, where else, Chicago, IL.
    1941-Clauge Thornhill Band opens at Glen Island Casino, 1941
    1948-the first NCAA ice hockey championship concluded in Colorado Springs, CO. The University of Michigan defeated Dartmouth College 8-4, to win the title.
    1948 - The city of Juneau received 31 inches of snow in 24 hours, a record for the Alaska capitol.
    1948 - The 20th Academy Awards saw Darryl F. Zanuck's "Gentleman's Agreement" take the Best Picture prize, the Best Director (Elia Kazan), and Best Supporting Actress (Celeste Holm). Other awards passed out at the Shrine Auditorium, Los Angeles for the best of 1947 included Best Actor to Ronald Colman for "A Double Life"; Best Actress to Loretta Young for "Farmer's Daughter"; Best Supporting Actor to Edmund Gwenn for "Miracle on 34th Street"; and Best Music/Song to Allie Wrubel (music), Ray Gilbert (lyrics) for "Zip-A-Dee-Doo-Dah" from "Song of the South".
http://www.infoplease.com/ipa/A0148372.html
    1951---Top Hits
If - Perry Como
Be My Love - Mario Lanza
My Heart Cries for You - Guy Mitchell
The Rhumba Boogie - Hank Snow
    1952 - Actor/comedian Danny Kaye hosted the 24th Annual Academy Awards, held this day at the RKO Pantages Theater in Los Angeles and it was upset night. Humphrey Bogart surprised the ‘experts' by winning an Academy Award for "African Queen". Most thought that Marlon Brando would win Best Actor for "A Streetcar Named Desire". The top film was Arthur Freed's "An American in Paris". Critics had already decided that "A Place in The Sun" or "Streetcar" would walk away with the coveted Oscar for Best Picture of 1951. How wrong they were! Of course both pictures did win golden statues. Best Director was George Stevens for "A Place in the Sun". "A Streetcar Named Desire" won awards for Karl Malden (Best Supporting Actor), Vivien Leigh (Best Actress) and Kim Hunter (Best Supporting Actress). The Best Music/Song Oscar was presented to Hoagy Carmichael (music), and Johnny Mercer (lyrics) for "In the Cool, Cool, Cool of the Evening" from "Here Comes the Groom".
http://www.infoplease.com/ipa/A0148514.html
    1954 - After a force of 60,000 Viet Minh with heavy artillery had surrounded 16,000 French troops, news of Dien Bien Phu's impending fall reaches Washington. French General Henri Navarre had positioned his forces 200 miles behind enemy lines in a remote area adjacent to the Laotian border. He hoped to draw the communists into a set-piece battle in which he supposed superior French firepower would prevail. He underestimated the enemy. Viet Minh General Vo Nguyen Giap entrenched artillery in the surrounding mountains and massed five divisions around the French positions. The battle, which far exceeded the size and scope of anything to date in the war between the French and the Viet Minh, began with a massive Viet Minh artillery barrage and was followed by an infantry assault. Secretary of State John Foster Dulles and other members of the Eisenhower administration were stunned at the turn of events and discussions were held to decide on a course of action. Chairman of the Joint Chiefs of Staff Admiral Arthur Radford proposed the use of nuclear strikes against the Viet Minh. Other options included massive conventional air strikes, paratrooper drops, and the mining of Haiphong Harbor. In the end, President Eisenhower decided that the situation was too far gone and ordered no action to be taken to aid the French. Fierce fighting continued at Dien Bien Phu until May 7, 1954, when the Viet Minh overran the last French positions. The shock at the fall of Dien Bien Phu led France, already plagued by public opposition to the war, to agree to grant independence to Vietnam at the Geneva Conference in 1954.
    1956 VILLEGAS, YSMAEL R. Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company F, 127th Infantry, 32d Infantry Division. Place and date: Villa Verde Trail, Luzon, Philippine Islands, 20 March 1945. Entered service at: Casa Blanca, Calif. Birth: Casa Blanca, Calif. G.O. No.: 89, 19 October 1945. Citation: He was a squad leader when his unit, in a forward position, clashed with an enemy strongly entrenched in connected caves and foxholes on commanding ground. He moved boldly from man to man, in the face of bursting grenades and demolition charges, through heavy machinegun and rifle fire, to bolster the spirit of his comrades. Inspired by his gallantry, his men pressed forward to the crest of the hill. Numerous enemy riflemen, refusing to flee, continued firing from their foxholes. S/Sgt. Villegas, with complete disregard for his own safety and the bullets which kicked up the dirt at his feet, charged an enemy position, and, firing at point-blank range killed the Japanese in a foxhole. He rushed a second foxhole while bullets missed him by inches, and killed 1 more of the enemy. In rapid succession he charged a third, a fourth, a fifth foxhole, each time destroying the enemy within. The fire against him increased in intensity, but he pressed onward to attack a sixth position. As he neared his goal, he was hit and killed by enemy fire. Through his heroism and indomitable fighting spirit, S/Sgt. Villegas, at the cost of his life, inspired his men to a determined attack in which they swept the enemy from the field.
    1957--Bobby Helms, who is most often remembered for his Christmas classic, "Jingle Bell Rock", had his biggest single reach the US Country chart. The song was called "Fraulein" and it would eventually hit number 1, spending 52 weeks on the chart, longer than any other Country song of the 1950s. Later in the year, he had another number one record with "My Special Angel". "Jingle Bell Rock" was first released in November 1957 and would return to the US Top 40 on two other occasions.
    1959---Top Hits
Venus - Frankie Avalon
Charlie Brown - The Coasters
Alvin's Harmonica - David Seville & The Chipmunks
Don't Take Your Guns to Town - Johnny Cash
    1959 - Dick Clark protégé and teen idol Bobby Rydell makes his first television appearance, naturally enough, on ABC-TV's American Bandstand.
    1960-Elvis Presley enters a Nashville recording studio for the first time since being discharged from the US Army. A 12 hour session will produce his next single, "Stuck On You", which will top the Billboard chart a month later. Scotty Moore and Bill Black, who had quit Presley's touring band in 1957, are in the studio with him for the last time.
    1961-Ricky Nelson records "Hello Mary Lou", which would climb to number 9 in the US by early May. 
    1961-The top tune in the US was Elvis Presley's "Surrender", which used updated lyrics put to a melody that was written in 1911 as "Come Back To Sorrento".
    1961 - Elvis begins filming his ninth movie, Blue Hawaii, on location.
    1964 - The Beatles make their first appearance on the British television show Ready Steady Go!, miming along, as was the custom, to "Can't Buy Me Love," "It Won't Be Long," and "You Can't Do That.
    1965 - After a celebratory formal street parade, Motown's first UK package tour begins at Finsbury Park Astoria, in London, featuring The Supremes, The Temptations, Stevie Wonder, Smokey Robinson and the Miracles, and Martha & the Vandellas.
    1965-British Invasion band Wayne Fontana and the Mindbenders enter the Hot 100 for the first time with "Game of Love." It stays on the charts for eleven weeks making it to Number One in April. Also on this date, Petula Clark's "I Know a Place" enters the Hot 100. It hangs around for 12 weeks eventually hitting #3.
    1965 - President Lyndon B. Johnson orders 4,000 troops to protect the Selma-Montgomery civil rights marchers.
    1967--HAGEMEISTER, CHARLES CHRIS Medal of Honor
Rank and organization: Specialist Fifth Class (then Sp4c.) U .S. Army, Headquarters and Headquarters Company, 1st Battalion, 5th Cavalry, 1st Cavalry Division (Airmobile). Place and date: Binh Dinh Province, Republic of Vietnam, 20 March 1967. Entered service at: Lincoln, Nebr. Born: 21 August 1946, Lincoln, Nebr. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. While conducting combat operations against a hostile force, Sp5c. Hagemeister's platoon suddenly came under heavy attack from 3 sides by an enemy force occupying well concealed, fortified positions and supported by machine guns and mortars. Seeing 2 of his comrades seriously wounded in the initial action, Sp5c. Hagemeister unhesitatingly and with total disregard for his safety, raced through the deadly hail of enemy fire to provide them medical aid. Upon learning that the platoon leader and several other soldiers also had been wounded, Sp5c. Hagemeister continued to brave the withering enemy fire and crawled forward to render lifesaving treatment and to offer words of encouragement. Attempting to evacuate the seriously wounded soldiers, Sp5c. Hagemeister was taken under fire at close range by an enemy sniper. Realizing that the lives of his fellow soldiers depended on his actions, Sp5c. Hagemeister seized a rifle from a fallen comrade, killed the sniper, 3 other enemy soldiers who were attempting to encircle his position and silenced an enemy machine gun that covered the area with deadly fire. Unable to remove the wounded to a less exposed location and aware of the enemy's efforts to isolate his unit, he dashed through the fusillade of fire to secure help from a nearby platoon. Returning with help, he placed men in positions to cover his advance as he moved to evacuate the wounded forward of his location. These efforts successfully completed, he then moved to the other flank and evacuated additional wounded men despite the fact that his every move drew fire from the enemy. Sp5c. Hagemeister's repeated heroic and selfless actions at the risk of his life saved the lives of many of his comrades and inspired their actions in repelling the enemy assault. Sp5c. Hagemeister's indomitable courage was in the highest traditions of the U.S. Armed Forces and reflect great credit upon himself. 
    1967 - Fashion model, Twiggy, arrived in the United States for a one-week stay. She quickly became the most sought-after subject of photographers due to her terrifically skinny-yet-wholesome good looks and the shortest dresses ever seen (to that time).
http://www.swinginchicks.com/twiggy.htm
http://members.aol.com/gwilde67/index3.html
    1967---Top Hits
Penny Lane - The Beatles
Happy Together - The Turtles
Dedicated to the One I Love - The Mamas & the Papas
The Fugitive - Merle Haggard
    1968 - In Los Angeles, Eric Clapton and three members of Buffalo Springfield -- Neil Young, Jim Messina, and Richie Furay -- are arrested for suspicion of marijuana use. The band members are eventually found guilty and fined, while Clapton beats the charges.
    1969-KAWAMURA, TERRY TERUO Medal of HonorRank and organization: Corporal, U.S. Army, 173d Engineer Company, 173d Airborne Brigade, Republic of Vietnam. Place and date: Camp Radcliff, Republic of Vietnam, 20 March 1969. Entered service at: Oahu, Hawaii. Born. 10 December 1949, Wahiawa, Oahu, Hawaii. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Cpl. Kawamura distinguished himself by heroic action while serving as a member of the 173d Engineer Company. An enemy demolition team infiltrated the unit quarters area and opened fire with automatic weapons. Disregarding the intense fire, Cpl. Kawamura ran for his weapon. At that moment, a violent explosion tore a hole in the roof and stunned the occupants of the room. Cpl. Kawamura jumped to his feet, secured his weapon and, as he ran toward the door to return the enemy fire, he observed that another explosive charge had been thrown through the hole in the roof to the floor. He immediately realized that 2 stunned fellow soldiers were in great peril and shouted a warning. Although in a position to escape, Cpl. Kawamura unhesitatingly wheeled around and threw himself on the charge. In completely disregarding his safety, Cpl. Kawamura prevented serious injury or death to several members of his unit. The extraordinary courage and selflessness displayed by Cpl. Kawamura are in the highest traditions of the military service and reflect great credit upon himself, his unit, and the U.S. Army.
    1969 - Beatle John Lennon married Yoko Ono at the Rock of Gibraltar on this day. Lennon called the location, “quiet, friendly and British.” He was the second Beatle to marry in eight days. Paul McCartney and Linda Eastman were wed a week earlier.
    1969—jockey Diane Crump won the firsts race of her career less than two months after becoming the first woman to ride in a pari-mutuel race in the US. Her victory came at Gulfstream Park, FL
    1969-Janis Joplin and Her Band opened at the San Francisco Winterland.
    1971-Iron Butterfly's "In-a-Gadda-Da-Vida" has been on the charts for 138 weeks and sold more than 3 million copies.
    1973-Elton John had the #1 album in the US with "Don't Shoot Me I'm Only The Piano Player". 
    1975---Top Hits
Black Water - The Doobie Brothers
My Eyes Adored You - Frankie Valli
Lady Marmalade - LaBelle
Before the Next Teardrop Falls - Freddy Fender
    1976-Boz Scaggs' biggest album of his career, "Silk Degrees" premieres on the charts. It's his seventh solo album but it will be the first to go platinum. Off the album is the #3 pop and #5 R&B smash single "Lowdown."
    1976-Patricia "Tania" Hearst convicted of bank robbery. 
    1976-Boz Scaggs' biggest album, "Silk Degrees" makes its first appearance on the Billboard chart. It's his seventh solo album, but the first to go Platinum. 
    1982-Joan Jett And The Blackhearts started a seven week run at #1 on the US singles chart with "I Love Rock 'n' Roll". 
    1983---Top Hits
Billy Jean - Michael Jackson
Shame on the Moon - Bob Seger & The Silver Bullet Band
Do You Really Want to Hurt Me - Culture Club
I Wouldn't Change You If I Could - Ricky Skaggs
    1984 - A severe three day winter storm came to an end over the Central Plains. The storm produced up to twenty inches of snow in Colorado, Nebraska and Kansas, and left a thick coat of ice from eastern Kansas across northwestern Missouri into Iowa.
    1985-Libby Riddles became the first woman to win the Iditarod Trail Sled Dog Race, a 1,150-mile (approx.) dog-pulling sled race from Anchorage to Nome, Alaska.
http://memory.loc.gov/ammem/today/mar20.html
    1987- The first drug for treating AIDS to win the approval of the Food and Drug Administration was AZT ( azidothymidine). The drug was made by Burroughs Welcome and initially cost more than 410,000 a year for each patient.
    1988-While our theme is to celebrate life, meaning birthdays, sometimes we remember famous jazz musicians. Today my favorite jazz arranger died in Cuernavaca, Mexico: Gil Evans.
http://www.nprjazz.org/feature/gevans.html 
also one of the few jazz musicians listed in the Britannica America:
http://www.britannica.com/seo/g/gil-evans/ 
His band lives on:
http://www.mclink.it/com/automatica/jazz/evansen.htm
http://www.amazon.com/exec/obidos/ASIN/B000000YJ9/avsearch-musicasin-20/
104-5395322-4415965 
http://www.telefilm.gc.ca/en/prod/tv/tv98/047.htm
Book Review: http://www.nprjazz.org/reviews/jrb.gil.html
    1988 - Squalls in the Great Lakes Region left up to eight inches of new snow on the ground in time for the official start of spring. Unseasonably warm weather prevailed in the western U.S. Seven cities reported new record high temperatures for the date, including Tucson AZ with a reading of 89 degrees.
    1989 - After 37 years on the air, Dick Clark announces he will discontinue hosting his creation, ABC-TV's highly influential American Bandstand. The show continues with another host, but folds for good soon after.
    1989 - After 37 years on the air, Dick Clark announces he will discontinue hosting his creation, ABC-TV's highly influential American Bandstand. The show continues with another host, but folds for good soon after.
    1990 - The northeastern U.S. was in the midst of a snowstorm as spring officially began at 4:19 PM. Snowfall totals in the Green Mountains of Vermont ranged up to thirty inches, and up to 15 inches of snow was reported in the Catskills and Adirondacks of eastern New York State. Totals in eastern Pennsylvania ranged up to 12 inches at Armenia Mountain. The storm resulted in one death, and forty-nine injuries.
    1991---Top Hits
Someday - Mariah Carey
One More Try - Timmy -T-
Show Me the Way - Styx
I'd Love You All Over Again - Alan Jackson
    1991 -- Eric Clapton's 4 year old son, Conor, falls to his death from a 53rd story New York City apartment window. The tragedy inspires Clapton's song "Tears in Heaven."
    1991-Michael Jackson signs the richest deal in recording history when Sony inked him to a $1 billion contract.
    1995--Dow-Jones hits 4083.68 (record)
    1997 - Liggett Group, the maker of Chesterfield cigarettes, settled 22 state lawsuits by agreeing to warn on every pack that smoking is addictive and admitting the industry markets cigarettes to teen-agers.
    2003-Up to 1400 anti-war protesters were arrested in SF.
    2003 – (9:34 p.m., 19 March EST) the surprise military invasion of Iraq began. There was no declaration of war. The invasion of Iraq, led by U.S. army General Tommy Franks, began under the codenamed “Operation Iraqi Liberation”, later renamed “Operation Iraqi Freedom”, the UK codename Operation Telic, and the Australian codename Operation Falconer. Coalition forces also cooperated with Kurdish Peshmerga forces in the north. Approximately forty other governments, the “U.S.-led coalition against Iraq,” participated by providing troops, equipment, services, security, and special forces, with 248,000 soldiers from the United States, 45,000 British soldiers, 2,000 Australian soldiers and 194 Polish soldiers from Special Forces unit GROM sent to Kuwait for the invasion. The invasion force was also supported by Iraqi Kurdish militia troops, estimated to number upwards of 70,000. According to General Tommy Franks, the objectives of the invasion were, “First, end the regime of Saddam Hussein. Second, to identify, isolate and eliminate Iraq’s weapons of mass destruction. Third, to search for, to capture and to drive out terrorists from that country. Fourth, to collect such intelligence as we can related to terrorist networks. Fifth, to collect such intelligence as we can related to the global network of illicit weapons of mass destruction. Sixth, to end sanctions and to immediately deliver humanitarian support to the displaced and to many needy Iraqi citizens. Seventh, to secure Iraq’s oil fields and resources, which belong to the Iraqi people. And last, to help the Iraqi people create conditions for a transition to a representative self-government.”
    2004-Thousands of anti-war demonstrators marched from Dolores Park to the Civic Center.
    2005 - An F1 tornado hits South San Francisco. Trees are uprooted. At least twenty homes and twenty businesses are damaged, including the city's new fire station
    2006 - Grand Island, NE, receives 17.8 inches of snow in 24 hours, breaking the old local record for the most snowfall in a day by 4.8 inches. 29.7 inches in 48 hours also breaks a record.

NCCA Basketball Champions This Date

    1954 LaSalle
    1965 UCLA