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Thursday, May 30, 2013
Today's Equipment Leasing Headlines
Archives---May 30, 2000
You May have Missed---
######## 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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Archives---May 30, 2000
“Kit: Given the prevailing funding environment I thought it appropriate and timely to share a recent experience with you. Please feel free to pass this along.
“I recently had a conversation with the credit manager of a 'funding source', a gentleman that I've known and respected for many many years. During the course of the conversation I asked him how their operation was doing since the last transaction we did with them was an absolute nightmare to complete (documentation and funding). He told me things were much better and encouraged me to try them again. Due, at least in part, to my long standing relationship with him I responded by previewing a transaction I had on my desk for a Lessee that we had done 12 Corp Only leases for during the past eighteen months. A very good customer. After providing transaction details he thought the deal would be approved and invited it in. I agreed to submit it despite this funding sources high rate. In my opinion I was offering them 'a cherry'.
“Early the next day we received a faxed approval for a $50,000 Corp Only with a limitation on points. I asked if we exceeded the allowed limitation on points could we split the difference with the funding source. My old friend didn't know but would check. Approximately five hours later we received another fax from 'the Broker Manager'. Paraphrased the fax said:(1) the deal didn't fit their normal corp only requirements and essentially they made several exceptions for us (this was news to me because I didn't know what their normal corp only requirements were and didn't ask for any exception to be made), (2)the paydex was too low to do a Corp Only (our D&B reported a Paydex of 79), (3) the company had too few employees (D&B reported 40 and a recent article that we provided reported not only had the company just raised an additional $6.4 million but also stated the company expected to increase from 70 employees to 100 by the end of July).
“The guy wasn't impressed and bottom line they now wanted a comparable corp only reference that dated back at least a year and a written explanation of numerous inquiries on the principals TRW despite the fact that there was no personal guaranty (this started to feel a lot like homework). When I told him that it was a bit late in the process to add conditions to their approval he pretty much told me ....'too %#@^ing bad'. I told him that I'd try to get the information but in light of the fact that we had not needed that information for any of the 12 other transactions we completed and that we had already conveyed their approval, I wasn't sure I could get the information. I asked him if he would honor his approval if I couldn't get what he wanted and the guy absolutely refused to answer my question. He told me point blank that he wasn't going to tell me. Almost thirty-five years in this business and I thought I'd heard it all.
“I believe the relationships that we enjoy with most of our funding sources are based on mutual respect, mutual trust and a sincere concern and appreciation for the other. Fortunately, the situation I described in this e-mail is an aberration but I believe it may be an indication of the current mentality of some in the community. If the funders can't trust and respect the originators and the originators can't trust and respect the funders we're all in for a very rough ride.”
(These ads are “free” to those seeking employment
Free Posting for those seeking employment in Leasing:
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Corinne Mulqueen Seton joined NXT Capital Equipment Finance, Chicago, Illinois, as Managing Director of Capital Markets in February, 2013. Her "...responsibilities include managing NXT’s third party indirect origination and syndication activities. She is located in San Francisco, California. Previously she was lease originations & acquisitions, Cypress Financial Corporation (April, 2010-December, 2012), senior vice president, GE Capital (2005-2010), managing director, GATX Corporation (1990-2005), vice-president, Security Pacific Bank (1987-1990). Yale University, Bachelor of Arts, English Literature .Organizations: San Francisco Yacht Club, Tiburon Peninsula Club Dollar Point Homeowners Association, Equipment Leasing & Finance Association.
#### Press Release ##############################
Balboa Capital Continues Accelerated Growth
(This company has Bulletin Board Complaints plus “Tagged for Stealing Corporate Secrets” www.leasingcomplaints.com)
Company responds to strong demand for fast, dependable financing solutions by expanding staff in all departments.
Balboa Capital opened an additional office location in Irvine, California
There is a strong demand for our diverse portfolio of financing products, and we are expanding our staff to meet the needs of our valued customers and vendor partners.
Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, hired 70 new employees to accommodate the company’s rapid increase in new business and acquisition of several new strategic partners. To accommodate its growth, Balboa Capital added a new office location in a building adjacent to its corporate headquarters in Irvine, California.
“This is a great time for Balboa Capital,” said Phil Silva, President of Balboa Capital. “There is a strong demand for our diverse portfolio of financing products, and we are expanding our staff to meet the needs of our valued customers and vendor partners, and provide them with the exemplary level of customer service we are known for.” Balboa Capital’s 70 new staff members work in a variety of departments throughout the company, including sales, business development, accounting, customer service, marketing and information technology (IT).
Balboa Capital recently conducted a survey of over 500 of its customers nationwide, and 98% of them gave the company the highest satisfaction marks possible. “The results of this survey validate our mission, which is to provide our customers with the best financing experience possible,” said Mr. Silva. Balboa Capital knows that many business owners seek out unbiased opinions from their peers – or look for customer testimonials – when it comes time to select a financing company. So, the company has a YouTube Channel and dedicated website page with equipment leasing video testimonials from its actual customers.
About Balboa Capital
Balboa Capital is one of the largest privately-held independent finance companies in the United States delivering access to capital, speed of processing, dependable funding, industry-leading technology and innovative marketing tools that small and medium-sized customers require to fuel their growth and success. Celebrating 25 years in business in 2013, Balboa Capital markets its products through their small ticket, middle market and vendor sales channels. The company’s comprehensive capabilities include equipment leasing, commercial financing, small business loans, equipment vendor financing and franchise financing. You can learn more by visiting http://www.balboacapital.com.
#### Press Release #############################
Another Equipment Lessor Gets Sued
"I read Tom McCurnin’s article today in The Leasing News. As a person who was very close to the situation involving Balboa and Truxton I was immediately whisked back to that night and have had this stupid smile on my face all morning. I’m still smiling. I believe a Balboa salesman and the police were also involved and there may have been a picture or two. We all do stupid things as young men but some of us have a penchant for over the top. One of the funniest moments in my very long leasing life.
"Thanks for the reminder."
Equipment Rental and Leasing in Canada Report
"Thanks for the linking to the IBISWord report entitled Industrial Equipment Rental & Leasing. I purchased the report expecting to read insights into both equipment Rental and Leasing in Canada. Sadly the report is really about the short term rental business and there is very little content covering the equipment leasing industry in Canada.
"The report is good but it is does not provide insight into industrial equipment leasing activity of traditional market participants (Wells, Element, CIT, etc.). I actually requested a refund from IBISWorld after reviewing the content of the report. The report discusses the market leadership of Hertz and United Rentals. Neither firm is a member of the Canadian Finance and Leasing Association and most of the additional discussion relates to the economic drivers of equipment rental activity.
"Readers of the description of the report may get the wrong impression of the size of the Canadian Commercial Equipment Finance market."
(I have been trying to put in more "Canadian" lease/finance stories in Leasing News. IBIS/World is an Australian research company formed in 1971. The description of the report came from their web site. There are a number of banks and funders who lease to the rental industry, and want to do more, such as Paul Weiss at Panthera, and perhaps the Canadian marketplace echoes the U.S. I do hope you get your money back since you were dissatisfied. Editor)
Balboa Capital Tagged for Stealing Corporate Trade
Lessons/Law of Trade Secrets/If a salesperson!
"Tom McCurnin has done outstanding work for Leasing News. The insights from your experiences are valuable to the readers. I was especially pleased to read your detailed explanation of the Balboa-MicroFinancial case.
"His efforts will undoubtedly be helpful in cleaning up some of the shady practices in the leasing industry."
Bruce Kropschot, Senior Managing Director and
"I have emailed Tom in the past to tell him how much I enjoy his writings in Leasing News. He has a real gift. I let him know how much I love reading his articles. I sure hope others email him with compliments because he puts a lot of his own time into educating the readers."
Rosanne Wilson, CLP, BPB
Four New CLP's from First American Equipment Finance
"Thank you or the nice article about CLP’s in Leasing News. As a board member of the Certified Leasing Professional Foundation it is my hope to give back to the industry that has supported me for the past 20 years. I believe promoting education of our craft is a way to do that. Support from the community such as your article makes our job a little easier.
Carl Villella, CLP
"I just wanted to drop you a thank you note for the awesome article on the new CLP’s. That will surely create some buzz on the foundations behalf!"
Kyle W. Gilliam, CLP
"I am interested in receiving updated cases on leasing issues. Can you guide me on how to receive this information from leasing news website?"
Sherry Lowe Johnson
(Thank you, I bet many readers would be interested in my response...
(Also features are updated, such as bank beat, career crossroads, leasing 102, Tom McCurnin and others. Both are available by clicking on "Top Stories" in the top right hand section of both the news edition and the web site. Search is in the top tool bar with the magnifying glass icon.
(Also in the middle of the masthead, between the headlinesand news briefs the specific sites are noted:
((Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months
www.leasingcomplaints.com (Be Careful of Doing Business)
(In addition, don't hesitate to send me an email if you are looking for something specific, and can't find it. firstname.lastname@example.org)
Balboa Capital, Newport Beach, California
"What amazes me is the banks & funding sources that still do business with BC. BC has no boundaries. They are unscrupulous and continue to give our industry a bad name. Why don’ you write an article about that?"
(The Company did make the Leasing News Hall of Fame: Bad Boys
"Just a note to say how much I appreciate the good work you are doing to expose 'frauds' and 'scammers' and those who misrepresent their business."
Craig Callaway, President
Labrador Hound Mix
"Lived in Sudbury for almost 30 years and have many friends who have adopted animals from Buddy Dog. It is a wonderful place !!"
NAELB Welcomes New Board of Directors
"Not all brokers are singing the blues...2013 has the makings of another amazing year for my business. Here are some early highlights:
1) Avg. points per deal up +1.5 points vs. 2012
"I do not have a website, have never paid for a lead and refuse to sell working "capital" in its current form. Rarely do my customers go elsewhere after we fund our first transaction. In last five years, I have funded over 100 customers netting $675K in fee and can count on one hand the number of deals lost to the competition in 2013."
(Name Withheld at reader's request)
Sales Makes it Happen by Steve Chriest
"As a thought provoking reaction to Steve Chriest’s article on Rethinking Customer Loyalty.
"Loyalty is Convenience. It is difficult to change suppliers. New contracts, rewrite of procedures, red tape, exit fees. The barrier to exit is a driver to loyalty.
"I think Steve is right. Also in his statement that loyalty is dependent on the rewards. Unfortunately, there is a lack of knowledge and sometimes just quantifiable data to make the assessment of what loyalty is worth. But how will you find out?
"The improvements made in search engines, the functionality of rating and comparison web sites and the ever increasing focus on cost (we want cheap - cheaper - free) are actively undermining any customer loyalty program.
If there are 30 ways to measure your customer relationship, you can be sure to find maybe just 2 relevant ones that people will compare. But they may not be descriptive of your service. Especially websites where you may sort suppliers on price, available stock, location, customer review scores, etc.
In modern days, the choice for a product or service is more and more decided on references. It may well pay off to create incentives and ways for customers to recommend their experience with your company to their network. On Amazon and EBay, when I buy something a second time, I mention I am a return customer. Still, even such feedback sure doesn't show in a statistic that can be sorted!
"I think that while the web is more and more the place to store and find information on products and services, the content and search options are fundamentally flawed to assist companies in making clear their true added value on all aspects of their service offering.
"Perhaps in modern days we need to rethink loyalty to the level of letting it go. A stable flow of new customers may be just as valuable as a constant number of loyal customers. I realize though this comes at a price. Systems and controls must be set-up to add and qualify new customers at an increasing rate. And also the checks to deactivate unprofitable relationships may need a review (like hire-and-fire).
"One way to destroy loyalty is to offer entry bonuses to new customers that are not available to existing ones. This way of rewarding promotes frequent change of supplier and builds in disloyalty. Should not complain if you work that way and perhaps the offerings in the telecom and energy sector (at least in the Netherlands) indicates that this mindshift has already taken place in some industries. Long term customers are losers who pay too much for the same offering....
"Did we lose something on the internet highway??
Financial and Sales Training
These individuals act as a consultant in 75% or more of their main business, actually training staff or individuals of a leasing company. These are not schools or franchisors, which can be viewed
Several hold classes, and most will travel to their client's premise.
To qualify for this page, they must be an active member in an equipment leasing association.
Please see our Job Wanted section for possible new employees
Low Default Rate, Growing Risk Receptivity
"Banks Loosen Up: The persistently low interest rate environment is having a more pronounced impact on risk receptivity: 66% of ‘CCC’ or lower rated volume was recently trading above par, and the equity value of a group of 172 ‘B’ rated companies had expanded 22% since the beginning of the year...
"...the second-quarter edition of the Federal Reserve’s 'Senior Loan Officer Survey' revealed the most accommodating conditions for borrowers in two years. The surge in asset values provides a strong support for the low default rate environment. However, the same easy money conditions that have been an aid in the recovery can also begin to contribute more significantly to risk buildup. While debate rages on regarding the timing of the Fed’s exit strategy, history cautions that the impact of easy money policy can linger and the default rate can remain deceptively low even as credit quality deteriorates. The last episode of Fed loosening and tightening offers insight into this dynamic...
"This year's surge in asset values provides a strong support for the low default rate environment - recently 66% of ‘CCC’ or lower rated volume was trading above par, and the equity value of a group of 172 ‘B’ rated companies had expanded 22% since the beginning of the year. However, the same easy money conditions that have been an aid in the recovery can also begin to contribute more significantly to risk buildup. While not in the league of 2005 - 2007 trends, the growing volume of covenant-lite loans illustrates that post credit crisis conservatism is waning. In addition, corporate profit growth is decelerating while debt is rising.
"From Stemming Crisis to Checking Excess: The Fed’s last tightening campaign began in June 2004 and continued for two years until the summer of 2006:
"Despite the Fed’s best efforts to tame speculative behavior, the accumulated impact of loose monetary policy in the aftermath of the 2001–2002 downturn persisted, and transactions continued to come to market with aggressive terms and leverage levels. This occurred even as credit quality was deteriorating. In 2007 especially, corporate profit growth was under significant strain but that year, ‘CCC’ rated issuance soared to, at the time, a record high. Given the heated funding environment, the default rate remained below 1% in 2006 and 2007.
"The low default rate perpetuated the cycle of aggressive transactions and was in the end a red flag of systemic risk rising rather than shrinking.
Context Is Key: While not in the league of 2005–2007 trends, the growing volume of covenant-lite loans (year over year, up seven-fold to $93 billion, according to Thomson Reuters LPC) illustrates that postcredit crisis conservatism is beginning to evaporate. Debt is also rising as corporate profitability slows and investment remains sluggish.
Full 28 page report with charts:
FDIC-Insured Institutions Earned $40.3 Billion
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $40.3 billion in the first quarter of 2013, a $5.5 billion (15.8 percent) increase from the $34.8 billion in profits that the industry reported in the first quarter of 2012. This is the 15th consecutive quarter that earnings have registered a year-over-year increase.
Half of the 7,019 insured institutions reporting financial results had year-over-year increases in their earnings. The proportion of banks that were unprofitable fell to 8.4 percent, from 10.6 percent a year earlier.
"...tighter net interest margins and slow loan growth create an incentive for institutions to reach for yield, which is a matter of ongoing supervisory attention, FDIC Chairman Martin J. Gruenberg said (note the story that follows on "Net Interest Margins."
First quarter net operating revenue (net interest income plus total noninterest income) totaled $170.6 billion, an increase of $2.7 billion (1.6 percent) from a year earlier, as noninterest income increased by $5.1 billion (8.3 percent) and net interest income declined by $2.4 billion (2.2 percent). The average net interest margin fell to its lowest level since 2006. Total noninterest expenses were $5.3 billion (3.9 percent) below the level of the first quarter of 2012. Banks set aside $11 billion in provisions for loan losses, a reduction of $3.3 billion (23.2 percent) compared to a year earlier.
Asset quality indicators continued to improve as insured banks and thrifts charged off $16.0 billion in uncollectible loans during the quarter, down $5.8 billion (26.7 percent) from a year earlier. The amount of noncurrent loans and leases (those 90 days or more past due or in nonaccrual status) fell by $15.7 billion (5.7 percent) during the quarter, and the percentage of loans and leases that were noncurrent declined to the lowest level since 2008.
The number of problem banks continued to decline.
The number of banks on the FDIC's "Problem List" declined from 651 to 612 during the quarter. The number of "problem" banks reached a recent high of 888 institutions at the end of the first quarter of 2011. Four FDIC-insured institutions failed in the first quarter, the smallest number since the second quarter of 2008 when two institutions were closed. Thus far in 2013, there have been 13 failures, compared to 24 during the same period in 2012.
The Deposit Insurance Fund (DIF) balance continued to increase.
The DIF balance — the net worth of the fund — rose to $35.7 billion as of March 31 from $33.0 billion at the end of 2012. Assessment income was the primary contributor to growth in the fund balance. While the end of unlimited coverage for noninterest-bearing transaction accounts resulted in an 18.7 percent decline in estimated insured deposits in the first quarter, the estimated balances covered by the $250,000 insurance limit rose 2.6 percent during the quarter.
Banks Net Interest Margin Pain Deepens
(This follows the story above and observation by
Net interest margins (NIM) contracted during the first quarter of this year at a majority of major banking companies, an SNL Financial analysis found, the result of Federal Reserve policies aimed at keeping rates low.
With the Fed maintaining its stance, bankers and analysts anticipate continued margin pressure throughout this year, a development that could squeeze bottom lines as the strong loan growth necessary for many to offset NIM headwinds is difficult to come by amid an uneven economic recovery, modest loan demand and fierce competition.
"It's going to be more and more difficult to offset pressure," analyst Brad Milsaps of Sandler O'Neill & Partners LP told SNL, because most banks have used up much of the wiggle room they have on the funding side and competition is not expected to ease, meaning pricing pressure on loans. "So it will be an even bigger challenge" in coming quarters "as banks will have to grow loans at a greater clip than they have in recent quarters to manage their "Net Interest Margins," and significant loan growth could prove difficult in a still bumpy economy."
Banks can of course offset NIM pressure via strong loan growth. And cometition is intensifying as major banks pursue this route.
Fifth Third Bancorp, for one, is banking on it, as it tries to build up certain business lines.
"The bottom line is that generating earning asset growth is the most effective way and the right way now to stabilize and grow net interest income by offsetting the impact of lower margins," Fifth Third CFO Daniel Poston said while speaking at a conference this month.
Fifth Third reported average sequential loan growth of 2% in the first quarter, with particular strength in commercial-and-industrial loans.
"From a balance sheet perspective, we continue to see good growth; commercial and consumer loan growth remains solid, particularly in C&I and in residential mortgages, which were up 16% and 12%, respectively, over the last year," Poston said.
"The rate environment and economic expectations are impacting competition for better credit deals, particularly in C&I and the auto lending space," he added. "But market disruptions across our footprint have allowed us to attract talent. Talented bankers are now contributing to our growth. We continue to invest in our national lending businesses, particularly in promising industry segments such as health care, and more recently, in the energy sector, which have allowed us to maintain and accelerate our momentum."
But even for the optimistic, NIM pain is a harsh reality. Fifth Third's margin contracted in the first quarter and Poston conceded pressure is bound to persist.
The "low interest rate environment is a difficult one for us and for other banks," Poston said, calling NIM compression "somewhat inevitable."
It is a common concession, analysts say.
Many banks' net interest margins "will continue to bleed throughout the year," Milsaps said. To be sure, he added, "I don't see anybody having a lot of margin expansion by any stretch."
Lower yields on securities, too, are crimping many banks. U.S. Bancorp, whose NIM declined during the first quarter, counts itself as a case in point on this front. "The principal headwind that we have today in the margin is the securities portfolio," U.S. Bancorp CFO Andrew Cecere said while speaking at a conference this month.
"Every month, I have about $2 billion that pays down or runs off in the securities portfolio," he explained. "We have about a $75 billion securities portfolio. That security that I'm putting on to replace that is coming on at 60 to 70 basis points lower than that which is rolling off. I'm trying to stay short. I'm staying asset-sensitive; I'm not taking extensive duration risk. So that continues to be a principal headwind."
As SNL reported, testimony before Congress from Fed Chairman Ben Bernanke this month and the latest FOMC minutes suggest that the central bank will continue its latest quantitative easing program, widely known as QE3, in the near term, keeping downward pressure on rates. Bernanke declined to signal when the Fed could commence monetary tightening, saying only that it would make adjustments based on incoming labor and economic data. The FOMC minutes, meanwhile, showed that most committee members want to see "continued progress, more confidence in the outlook or diminished downside risks" before beginning to unwind QE3.
U.S. commercial banks reported an aggregate NIM of just under 3.30% in the first quarter — down from the previous quarter and continuing a long-running and rarely interrupted trend that dates to the fourth quarter of 2009, when the aggregate NIM reached 3.71%. (SNL based its analysis on bank regulatory data, which can have different reporting standards than GAAP.)
As Brett Rabatin, an analyst at Sterne Agee & Leach Inc., put it to SNL in the wake of first-quarter earnings results: "There has been talk at times of rates moving up, but so far they haven't really, and so the margins remain vulnerable. It's a reality for the banks."
In addition to QE3, previous Fed programs, including its so-called Operation Twist in 2011, have been aimed at flattening the yield curve. The Fed has bought long-term Treasuries and sold shorter-term ones, resulting in tighter spreads between two- and 10-year Treasuries as well as between two- and 30-year Treasuries. This has pressured NIMs.
"I don't see short rates going up much any time soon," Milsaps said. "I see those rates pretty much anchored. And no bank I follow is assuming higher rates this year or even next."
((Please click on ad to learn more))
A sci-fi blockbuster (“Star Trek into Darkness”) and an intimate documentary (“Stories We Tell”) contrast at the box-office, while new DVD releases offer action (“The Last Stand”), bittersweet humor (“Life Is Sweet”) and classic suspense (“The File on Thelma Jordon”).
Star Trek into Darkness (Paramount Pictures): Following its successful 2009 reboot, the Star Trek franchise continues with this action-packed new installment, directed by J.J. Abrams ("Super 8"). Captain Kirk (Chris Pine) is back in the Enterprise spaceship, this time facing new forms of danger as a cold-blooded intergalactic terrorist (played by Benedict Cumberbatch) sets his nefarious plan in motion. Making it his personal mission to track down the villain, Kirk blasts off into a dangerous space war-zone despite the warnings of his colleague and friend Spock (Zachary Quinto). Will this journey take him to victory, or to his own personal darkness? Featuring such series favorites as Uhura (Zoe Saldana), Scotty (Simon Pegg) and Sulu (John Cho), this polished sci-fi blockbuster promises surprise and excitement to fans and non-fans of the series alike.
Stories We Tell (Roadside Attractions): For her third movie as a director, Sarah Polley ("Away We Go") turns to the documentary genre to craft a moving letter to her loved ones. Using her camera as a detective's magnifying glass, she conducts a string of interviews with family members and friends, often getting complicated and humorously contradictory responses. Kicking off with questions about the marriage of her parents, Polley gradually enlarges the scope of the film, setting off a ripple effect of emotions. With each person telling his or her own version of facts, the concept of "truth" becomes more and more slippery. Unfurling as something both profoundly personal and universally accessible, Polley's inspired movie is a poignant, funny and inventive look at the crossroads of memory and storytelling.
The Last Stand (Lionsgate): With the action-movie genre feeling oddly weary these days, it’s a good thing to have seasoned action pros like Arnold Schwarzenegger to keep things juicy at the box-office. Schwarzenegger stars as Sheriff Owens, a veteran police officer who, following troubled times with the LAPD, decides to settle down in an uneventful town near the Mexican border. However, his peaceful period is about to come to an end when a notorious drug kingpin (Peter Stormare) escapes from the FBI and heads over Owens' direction with an armored vehicle full of thugs and hostages. With only a ragtag of local eccentrics by his side, can he stand his ground once more? The Western-style plot may be predictable, but Korean director Kim Jee-woon brings genuine cinematic gusto to the film's many set pieces, and Schwarzenegger radiates brawn, humor and surprising gravitas. The result is a most enjoyable thriller.
Life Is Sweet (Criterion): More like "Life Is Bittersweet," in this 1990 gem from the great British filmmaker Mike Leigh. Taking place in a struggling middle-class neighborhood near London, the film chronicles the domestic agonies and occasional joys of an unforgettable family. Andy (Jim Broadbent) is a cook trying his best to dodge chores at home with his dilapidated lunch wagon, while his wife Wendy (Alison Steadman) teaches aerobic classes when not laughing drolly at the world around her. Meanwhile, their twin kids Natalie (Claire Skinner) and Nicola (Jane Horrocks) go through their own teenage troubles. Serving up his trademark combination of despair and humor, Leigh paints a superb comedy-drama filled with moments of piercing truth and unpretentious human warmth. The top-notch cast also includes Stephen Rea, Timothy Spall and David Thewlis.
The File on Thelma Jordon (Olive Films): Though not as well remembered today as Germanic masters like Fritz Lang or Billy Wilder, Robert Siodmak directed a series of engrossing noir dramas during the 1940s and 1950s. This sleeper is a terrific reminder of his gift for tension and irony, and a classic just waiting to be discovered by movie buffs. Barbara Stanwyck stars as Thelma Jordon, a mysterious, wily woman who becomes involved with a lovestruck assistant district attorney (Wendell Corey). What he doesn't suspect, however, is that romancing Thelma will lead him down a twisty rabbit hole full of unsavory jewel thieves and wealthy relatives. Involving, well-acted and visually atmospheric, the movie is a prime example of Olive Films' willingness to release lesser-known sleepers for eager cinephiles.
Leasing Industry Outsourcing
All "Outsourcing" Classified ads (advertisers are both requested
How to Post a free "Outsourcing" classified ad:
(Leasing News provides this ad as a trade for investigations
Chinese Shar-Pei/German Shepherd Dog/Mixed (medium coat)
Rescue ID: 12-0257
“Good with Dogs, Good with Kids, Good with Adults, Quiet, Does Good in the Car, Leash trained, Obedient, Timid, Affectionate, Intelligent, Even-tempered, Gentle---
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“Coco comes to us from Castaic. The shelter staff and volunteers had fallen for her soulful eyes and gentle demeanor and wanted her rescued. Having been surrendered not once but twice (her family felt guilty after the first surrender and took her back only to leave her again) has done a number on her ability to trust, but we are making strides every day. She is already rolling over for belly rubs! She is extremely respectful of her place in the house by not jumping on furniture or beds, preferring her own dog bed on the floor. She places her paw into yours when she asks for affection and considers walks to be the best treat ever. Mostly, she is just contented to be with her human. We are looking for a wonderful home for this sweet, calm and intelligent girl whose teeth - by the way - do not look like those of a seven year olds.”
Email Us: email@example.com
Write Us: Northern California Family Dog Rescue
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
IASB and FASB Publish New Dual Approach to Lease Accounting
4 Myths About Leasing A New Car
Why Small Businesses Have Trouble Getting Credit
Risk of Bank Failures Is Rising in Europe, E.C.B. Warns
Bank of Montreal misses estimates, charges squeeze profit
Family Breadwinner Is More Often a Woman
Switzerland to Allow Its Banks to Disclose Hidden Client Accounts
No dodging mess: Guggenheim may lose $1B in cable deal re-do
Nasdaq Is Fined $10 Million Over Facebook I.P.O.
Amelia Earhart's plane found?
Adam Levine Clarifies ‘I Hate This Country’ Remark
ASCM American Fitness Reports--full and by city
SparkPeople--Live Healthier and Longer
SparkPeople--Live Healthier and Longer
7 Comfort Foods that are Good for You
Alone At The Plate
( Inside the front cover of the book “You Can Teach Hitting,”
by Dusty Baker, there appears this poem about a Little Leaguer...)
He pulls on a helmet, picks up the bat,
The crowd starts to yell, the game's on the line,
Dad yells, "Go get it," Mom wrings her hands,
Heros are made in seconds such as this,
No he'll have forgotten if he was out, hit, or a run,
So cheer this boy on, alone with his fate;
Spend your time wisely and help in his quest
And when the game's over, this boy can stand tall,
Blackhawks win Game 7 send Red Wings home
Report: QB Manning shoots 77 at Augusta National
Game 7 silences Sharks
Anquan Boldin impresses early on for 49ers
New York Jets' Marty Mornhinweg on Mark Sanchez: Accuracy Sky High
Lions: Lewis competes for No. 3 QB
Broncos sign Quentin Jammer
State orders department-wide review of Caltrans
Oakland bank manager charged in thefts
Sonoma Wine Picks
TTB Issues Guidelines for Voluntary Serving Facts Statements
New beginnings for Barrel Blasting
Cabrillo College Revives Wine Program
Dunne on Wine: By way of New Zealand
Free Mobile Wine Program
Wine Prices by vintage
US/International Wine Events
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This Day in History
1498 - Christopher Columbus set sail with six ships from Sanlucar in Spain on his third voyage of exploration to the Americas. In reality, he never discovered the main land, only a group of islands in the Bahama's that he thought were islands off of India, thus he named the natives he found on these islands: Indians. And why we call the native American Indians this name. The scuttlebutt of the time was that these natives were the lost tribe of the Hebrews (I am not making this up. Read your history.) Historians have also proven that Cristo Colombo was Jewish, as was his navigator who actually is the one who sited the land. As well as Queen Isabella never financed the journal (this was made up by children's story tellers). He actually was financed by two Jewish merchants.
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