Wednesday, November 24, 2010
You May Have Missed---
Click here to make a Donation to the
Classified Ads---Other Employment Websites
Added to the email lists of places to look for employment is the web site jobapplications.com. It actually is the start of a new section on articles to help those looking for employment or a better position.
It also has places to seek part-time and seasonal work.
"The problem with most major job sites is that they simply charge too much! Big companies cannot afford to pay to post every entry-level or lower-level management position when the job posting runs hundreds of dollars a piece. So the only way to reach these companies is to get proactive and apply directly yourself to the all the firms in your area. We are here to not only make that process more efficient so that you don’t have to hunt around to every employer’s site, but we are also developing a community where job-seekers those that were recently hired, and people that have worked at each company for many years can share information about what it is like to work there, what really is needed to get the job, and what it is like to work for a particular local or national company."
Here are past article in Leasing News that may be of interest to read over the Thanksgiving holiday:
Leonardo da Vinci's Resume
Body Language Speaks Volumes on a Job Interview
"Hiring a New Sales Person, the Interview"
The Only Job Search e-Mail You Will Ever Need
Eight quick questions while job searching?
Sales makes it Happen Columns
Lease Employment in China
"I have recently returned from a very interesting and informative fourteen day business development trip to China, where I met with Captive Lessors, Independents, and Bank-owned leasing companies. The leasing market in China continues to be extremely dynamic and ever-changing. From 2008 to 2009 equipment leasing revenues more than doubled, and the numbers are projected at 89% growth for 2010.
"The number one concern expressed by the many executives with whom we met during the trip was the labor shortage in the market. The perfect combination of skills is rare and hard to find, often requiring someone who understands: equipment leasing, a 'western' company culture, and the Chinese business culture.
"Equipment Leasing is still very young in China, with mainstream acceptance of the industry really beginning in 2005. As a consequence, there is a very limited supply of talent, with many companies using a combination of ex-patriots and local resources. All of the ex-patriots we spoke with mentioned the time it takes to learn and adapt to the social and business culture. Most have adjusted well personally to living in China’s large cities. With the shortage of skilled leasing professionals in China, it is not uncommon for employees to command substantial pay increases every year. It’s just a sign of the times right now."
"If you are in equipment leasing and are of Chinese dissent or if you speak Mandarin there are plenty of opportunities in the region. ZRG is developing a data base of executives who may be interested in relocating to China."
"ZRG Partners is helping leasing companies staff existing leasing organizations in China as well as assisting multinationals interested in entering the region. We have and will continue to develop the most comprehensive database of leasing professionals in the Asia Pacific region. Our local ZRG office is in the heart of the Shanghai business district. ZRG Partners placed leasing executives in 17 different countries in the past year. "
"It is a very exciting time for equipment leasing in China."
Michael Ash named vice president and manager of syndications for U.S. Bank Equipment Finance where will manage the syndications activity across all U.S. Bank Equipment Finance business units. Previously he held the position of vice president, syndications manager with Wells Fargo Equipment Finance and previous to this served as the vice president, syndications manager with Charter Financial now Wells Fargo Equipment Finance and was with Wells Fargo for 16 years. Ash earned an MBA from New York University, Stern School of Business and a BA from Lehigh University.
Mark Baule named manager of Food Assets for Bulldog Asset Management, Atlanta, Georgia. This division incorporates restaurant, food service and entertainment industry assets under one umbrella. Previously he was Vice President Solution Marketing at Selling Insights - A Solutions Company, Principal at Jumpsters Entertainment, Marketing/Category Management Director at Eastman Kodak. Radford University.
Dick O'Connor named Senior Vice President, The Culver Investment Banking division of Culver Capital Group, Northern California, San Rafael office and will focus on managed vendor lease programs and merger & acquisition assignments. He previously was the CFO of Bluefire Capital Partners (October 2006 – January 2008), managing partner and co-founder of IntelliCap LLC (April 2001 – September 2006 ) and president and founder of ILM (September 1991 – March 1998 ), senior vice president of First Sierra Financial (March 1998 – January 2001), chief financial officer of the Open Systems Software Division of Convergent Technologies (July 1986 – January 1991). Minnesota State University, Mankato, University of Saint Thomas,
Stanley S. Fishbein, JD, LLM, named Managing Director, Business Development, LFC Capital, Chicago, Illinois. He will be based in New York. He previously was president of CapQuest Group, LLC. (April 2002 – September 2010), as well as management positions with ABN-AMRO Bank, Citibank, and Textron Financial Corporation. He also served as president of Chrysler Capital Fund Management Corporation (1989 – 1992). He received his BBA in accounting from The University of Massachusetts in Amherst, his JD degree from Suffolk University Law School in Boston, and his LLM in taxation from Boston University School of Law.
Debra Hoffer was appointed account manager for U.S. Bank Equipment Finance technology finance group, law firms in the southeastern United States. She previously worked for US Bank Equipment Finance. She held the position of senior account executive with Presidio Networked Solutions. Earlier in her career she served as vice president-sales with The CIT Group and leasing manager with Key Equipment Finance (2004 – 2006).
Jim Hynes was appointed account manager for U.S. Bank Equipment Finance technology finance group, Northern California. He previously served as national account manager with Macquarie Equipment Finance (March 1997 – October 2010). CIT (March 1997 – January 2008).
John Mayer has joined Huntington Bank's Equipment Finance division as LEASENET sales team leader. LEASENET is Huntington's technology finance subsidiary. Previously he held leadership roles with such firms as CHG-Meridian US Finance (April 2010-November 2010), IBM Global Financing (2006 – 2009), IBM Technology, (2009 – April 2010), President, LeaseForce International (2000 – 2006), EVP/COO ITIA Capital, Inc. (2003 – 2005), Sr. Vice-President, Comdisco (1998 – 2000),Vice-President, Development, GE Capital (1997 – 1998), Sr. Finance Manager, AT&T Solutions (1995 – 1970), SVP Business Development/Strategic Financing Vision Quest Enterprises (1992 – 1995), Sr. Financial Mgmt. Consultant M.R. Weiser & Co.(1990 – 1992), Sr. Financial Mgmt. Consultant Laventhol & Horwath (1988 – 1990), Sr. Financial Analyst Pennsylvania State University (1986 – 1988). He graduated from Monmouth University in West Long Branch, N.J. with a bachelor's degree in accounting, finance, and marketing (1982 – 1986). He also graduated from The Pennsylvania State University with a master's degree in business administration (1986 – 1988). Post MBA - Exec. Mgmt. Cert., Global Mgmt., Global Leadership, Intl. Brand Mgmt. Thunderbird School of Global Management (2004 – 2005).
Carlos Milian promoted to Executive Vice President of CSI Latina Financial, Inc., part of CSI Leasing, Inc., St. Louis, Missouri. He is located in Miami, Florida. Previously the Vice President of Syndications for the entire Latin American region, he will continue to lead the funding and syndications efforts at CSI Latina. Mr. Milan has been with CSI for seven years.
Paul Tyczkowski was promoted to Vice President of Financial Planning and Analysis, LEAF Financial, Philadelphia, Pennsylvania. Previously he was Director of Financial Planning and Analysis for LEAF Financial Corporation and prior to that he served as the Treasury Manager, joining the company December, 2003. Securitization Manager DVI Financial Services (July 1997 – December 2003), Collector, EDS Group (August 1996 – July 1997).He has a Bachelor of Science degree in Accounting from Roger Williams University (1994 – 1996),and has an MBA in Finance from LaSalle University (2001 – 2005). Suffolk County Community College AAS, Accounting (1992 – 1994), William Floyd High School (1989 –1992).
Leasing Industry Help Wanted
Please see our Job Wanted section for possible new employees.
The average American credit score is 675
Here's a good chart that explains the impact of your score:
* 750-849 - Excellent –Top 5%. This represents the best score range and best financing terms.
* 700-719 - Very Good - Qualifies a person for favorable financing.
* 675-699 - Average - A score in this range will usually qualify for most loans. Most leases the bottom for a better rate is 680.
* 620-674 - Sub-prime - May still qualify, but will pay higher interest.
Many lenders consider 620 as the dividing line, whereas many “D” lessor see it at 640, where additional collateral and shorter terms will be mandatory.
* 560-619 - Risky - Will have trouble obtaining a loan. Nearly 20% of American, according to Free Credit, have a score under 620
* 500-559 - Very Risky - Need to work on improving your rating.
This is a Cash Advance customer. Even with strong collateral, including a guarantor, you most likely are wasting your time in trying to obtain a loan let alone a lease.
FICO is similar in ratings:
If the FICO is the guideline of most leasing companies, the marketplace is 40%, and at best, the next 18% is also very good, so that is 58% of the market place.
15% may qualify with financial statements and tax returns.
The challenge then is the next tier of 12%.
What is not in these statistics is that they come from all consumers, not just those in business who are proprietors or partners or “principals” of closely held corporations.
Visit this link:
FICO starts at $12.95---
(This ad is a “trade” for the writing of this column. Opinions
Leasing News "The List"---October, 2010
--- Mergers, Acquisitions & Changes
Direct Capital, Portsmouth, New Hampshire (10/10) "DCC has no relationship with Allied/Ares Capital as the management team led a buyout of Allied’s interest in the company a couple months ago. We bought back all the ownership of Allied and now we’re 100% employee owned," Chris Broom, CEO.
Financial Pacific Leasing, Federal Way, Washington (10/10) Flexpoint Ford, LLC, Chicago, Illinois, acquires substantial interest in "Fin Pac," who increased its syndicated credit facility, led by Bank of America, from $155 million to $192 million. The company has also renewed its existing $100 million structured warehouse facility with WestLB. Appears Allied has been having its own problems, divesting itself of its interest in leasing entities.
Hillcrest Bank Leasing, Overland Park, Kansas (10/10) Parent bank closed by FDIC and with a newly-chartered bank subsidiary of NBH Holdings Corp., Boston, Massachusetts, to assume all of the deposits of Hillcrest Bank. It had one of the lowest Tier 1 Bank Beat has recorded: 0.82%. Chuck Cannata, former SVP in charge of leasing gone and his assistant Karli Stecklein in charge. Numerous calls are not returned learning if leasing company on the block or being closed down with FDIC directing information to come from Ms. Stecklein.
Bank of West Managed Service Division, Portland, Oregon (10/10) Eric Gross notes the division now providing Microsoft Financing with complete portfolio management and servicing for its existing U.S. loan portfolio. “We selected Bank of the West on the basis of their experience, systems, financial strength and reputation,” said Seth Eisner, General Manager of Microsoft Financing.
Equipment Acquisitions Resources, Palatine, Illinois (10/10) BK trustee filed against Harrah's Entertainment, Luxor Hotel, Wynn Las Vegas, as Sheldon Player is a gambler, playing at this clubs, and as reported by a previous story was intercepted at a Colorado airport with a duffle bag of $900,000 in cash that he claimed he won while playing at the clubs in Las Vegas, Nevada.
AMC Funding, Charlotte, North Carolina (10/10) After many complaints from brokers and vendors with bounced checks, it is learned Brendon Job Messenheimer and his wife filed Chapter 7 Bankruptcy before other credits came after him and his main company Advanced Med Corp, Greensboro, North Carolina.
US Bank Manifest, Marshall, Minnesota (10/10) Long time employ Adrian Hebig, SVP-COO, resigns, with other changes and layoffs to follow. Does not return many telephone calls for an interview. Joe Andries, VP & GM Reports of major losses the last two years.
GE Capital, Connecticut (10/10) GE Keeps on Trimming. http://leasingnews.org/archives/Oct2010/10_18.htm#ge
GreatAmerica Leasing, Cedar Rapids, Iowa (10/10) starts new division with Brian Bjella and David Pohlman. Bjella moves his Grandview Financial, Quest Resources, HLC Capital, Dakota Capital, all to Great America Leasing. (10/10) Announces will get into portfolio service business with Joe Andries, VP & GM, who ran US Bank Manifest Portfolio Service, and Brett Steffen, VP, Operations
Butler Capital Corporation, Hunt Valley, Maryland, (10/10) Acquired by BankUnited, Miami Lakes, Florida. CEO Larry Butler to consult for one year, his son and daughter stay with the new operation; will operate as United Capital Business Lending. Formed in 1978, the company found several niches from health equipment, the health industry, and became very will known in the franchise marketplace. They exited the broker marketplace three years ago. About the same time, the company started downsizing since it ended third party originations, letting long time credit executive Don Blody go ( he is now at Madison Capital) and then July, 2009, Vice-President/ Credit Officer Steve Bradley, who had worked for Butler Capital for eleven years.
Koch Financial, Scottsdale, Arizona (10/10) sold to BankUnited, Miami Lakes, Florida; will operate as Pinnacle Public Finance, led by Paul Haerle, a 25-year industry veteran of the public finance and tax-exempt leasing industry and former president of Koch Financial.
US Bank Manifest, Marshall, Minnesota (10/10) Continues downsizing. http://leasingnews.org/archives/Oct2010/10_06.htm#usbank_downsizing
LEAF Financial, Philadelphia, Pennsylvania (10/10) Reported continued cash flow problems, paying bills slowly, 2009 SEC LEAF filings showed 377 employees; February down to 271; reportedly down to 113 now (2009 SEC LEAF filings showed 377 employees; February down to 271; reportedly down to 113 now ((including Leaf Dealer Solutions (formally Dolphin Capital). “There are about 80 people at the Missouri location."))
((Please Click on Bulletin Board to learn more information))
Where is New CEO for Main Street Bank?
The FDIC issued a Consent Order to Main Street Bank, Kingwood, Texas on July 28,2010 with perhaps the strongest point "...the replacement of Thomas Depping as CEO, as the bank is given 90 days to find:
"A Chief Executive Officer with a demonstrated ability in managing a bank of comparable size and with experience in upgrading a low quality loan and lease portfolio.
a. Implement the provisions of this order
b. Act to restore the Bank to a safe and sound condition; and
c. Act as the "principal executive officer" of the Bank under Texas Financial Code 33.103 and 33.106"
As of November 23rd, the FDIC told Leasing News the consent order was in effect, but the spokesperson was not aware of the reports or if the bank had a new CEO or president. Leasing News was told the consent order was still in effect.
The web site shows Depping, founder of Sierra Cities as well as master planner of Main Street Bank Leasing as both chairman and CEO:
"Tom Depping joined Main Street Bank in 2004, and serves as Chairman of the Bank, as well as Chairman and Chief Executive Officer of MS Financial Inc. He has more than 27 years of experience in the commercial finance and equipment leasing industry."
There is no president listed on the web site. A telephone call inquiring to the status of the Consent order was not returned.
The FDIC consent agreement had several stipulation such as coming up with a strategic plan within 60 days with details about asset management, quality, and a full list of requirements to be reviewed by the board and the commissioner as well as not increase any category more than 5% in the next three month period, requiring a 12% Tier 1 "after allowance for loans and lease losses," capital ratio more than 14% by March 31, 2011, with an increased capital plan to be implemented. This is a brief synopsis of the 25 page consent order which appears below (1)
The September 30, 2010 shows a bank net equity of $46.3 million with a net income of $4.3 million after $2.9 million charge off in commercial and industrial loans and $1.7 million in lease receivable financing (it should be noted the original charge off was $4.6 million, but recoveries were almost $1.8 million. Non-current loans and leases were $2.8 million, up from the previous September 30, 2009 of $823,000.
(The employee loss primarily in lease and finance).
(1) FDIC Consent Order:
ELFA MFLI-25 Shows 15.5% Drop in Leasing Business?
The October Equipment Leasing and Finance Association MFLI-25 monthly report shows a 15.5% drop in leasing business from September to October.
The third quarter was showing a down turn because of a low August, but September brought the trend up. The Fourth Quarter, usually the best for leasing and finance companies is starting off slow, despite many telling Leasing News that leasing business is improving. The ELFA report then is misleading. The reality will come in January.
It really depends on your attitude and aggressive nature in completing new business.
The key to the business survey comes from these 30 companies, who are labeled as "25 participants." This is one of the old complaints about the process.
The list and number of participants seems to change often as leasing companies also change.
Leasing News for years has questioned the accuracy and method of averaging to previous participants monthly numbers. The veracity is very questionable. However, no one else questions ELFA as they are “ELFA.”
“ELFA MLFI-25 Participants:”
Previous MFLI-25 Reports:
Latest data from US and UK is good news for lessors
(Printed with permission of AssetFinance International News)
Written by Brian Rogerson
The UK Finance & Leasing Association (FLA) has reported that - for the first time since the recession began - investment in new plant machinery and business equipment by small and medium-sized businesses grew in Q3 2010.
The value of plant machinery and business equipment financed by FLA members increased by approximately 15% in the third quarter of the year, compared to the same period last year. In total asset finance companies funded £4.6bn of investment in the three months to September 2010
Julian Rose, head of asset finance at the FLA, said: “Growth in business investment in new plant machinery is a positive sign for the manufacturing sector and encouraging for the economy as a whole. Asset finance is able to help many businesses to invest again after a long period of ‘making do’ with their existing equipment.”
“The Government has acknowledged the importance of asset finance for investment during the economic recovery in its Green Paper on business finance. We now want to work with the Government to ensure that all small and medium-sized businesses are aware of the many ways to access funding through asset finance.”
FLA cites case in point
The FLA cites as an example, OTM Servo Mechanisms (OTM), a family business based in south England.
Peter Try has worked for OTM over 30 years. The company designs, develops and manufactures precision gearboxes and actuator systems for customers in the aerospace, defense, commercial and industrial sectors.
Despite the current economic uncertainty, Try is planning a major investment for the 35-employee business. A sophisticated computer-controlled gear cutting machine is set to replace a number of existing machines, streamline production and improve the precision for which the business has built its reputation.
Although bank facilities are available, he plans to use a leasing deal made available by the machine vendors. “Leasing”, he said, “offers greater flexibility and a reasonable interest rate. The new equipment will help to keep OTM at the forefront of its sector.”
GE Capital reveals “worst of crisis passed”
Meanwhile, a sizeable study by GE Capital of chief financial officers (CFOs) in the US has shown that middle-market companies believe the worst of the crisis is behind them and expect to grow at a low-to-moderate pace over the next few years.
The Q3 2010 survey covered some 530 CFOs of companies with revenues ranging from $50m to $1bn, operating across seven major industries, including metals, mining and metals fabrication and food and agriculture. It also included general manufacturing, healthcare, retail, technology, business services and transportation.
While maintaining a cautious tone, some 84% of the CFOs said they expect the US economy to be stable (47%) or improving (37%) over the near term, suggesting little chance for a double-dip recession in the months ahead.
Dan Henson, president and CEO of GE Capital, Americas explained: “CFOs at middle-market companies - which are a significant engine for economic growth in America - believe the recovery will continue, if at a slower pace. Many companies that had been sitting on the fence before moving ahead on a major transaction, because of uncertainties in the economy and in credit markets, are now moving forward.”
“We are seeing a healthy corresponding pickup in our commercial activity levels in the Americas,” Henson added. “Our corporate lending businesses are up dramatically with lending volume up 69% through the third quarter. Activity levels in our equipment finance businesses are growing but more modestly, up 10% in a market growing at about 5%.”
Looking forward, 86% of the respondents see low-to-moderate growth for their businesses continuing over the next few years. Technology companies were the most optimistic, with 59% expecting moderate-or-better growth in the next few years, followed by metals (50%) and general manufacturing companies (45%).
Henson added: “Despite some optimism about their own industries and the future, CFOs continue to feel concerned about the current, broader business environment. Their view of the general health of the US economy improved slightly since the January survey; however the US economy remains somewhat weaker in their view than the broader global economy.”
29% forecast greater liquidity
Credit market conditions are seen as generally improving, with a full 85% of CFOs surveyed expecting the amount of credit available to them in their next round of financing to remain the same (56%) or improve (29%). A larger share (75% versus 60% in January) expects their company’s cost of capital to improve or remain stable this year.
“Middle-market CFOs are generally more comfortable with their access to credit today,” said Henson. “There’s more liquidity in the lending markets now, so it’s a better time to be borrowing.”
Bringing the workforce back
Some 62% of CFOs surveyed said they had begun hiring in 2010, with 56% expecting to continue adding jobs through the rest of the year. A large majority (77%) of the CFOs expected operational positions to make up the greatest percent of new hires. Transportation CFOs who expect to hire led the average in anticipated growth, projecting workforce growth of 11% this year. Overall, CFOs who indicated they would be hiring expected to increase their workforce by an average of 7%.
“Market activity has increased, causing us to begin rebuilding our staffing at almost all levels," Randy Polk, vice president and CFO of Worldwide Equipment of Prestonburg, Kentucky. “While market activity is often hard to predict, we believe this is more than a short-term upward swing. As the trend continues, we expect gradual and sustainable staffing level increases.”
The US Equipment Leasing and Finance Foundation has reported similar results in its November 2010 Monthly Confidence Index for the Equipment Finance Industry which shows far higher levels of business confidence than the previous month.
When asked to assess if their current business conditions would remain the same over the next four months, 38% of executives responding said they believe business conditions will improve over the next four months, an improvement from 26.8% in October. No respondents believe conditions will get worse (compared with 7.3% in October), and 61.9% believe business conditions will remain the same over the next four months, down from 65.9% in October.
43% predict leasing to rise
Some 43% of survey respondents (up from 34% in October) believe demand for leases and loans to fund capital expenditures will increase over the next four months, while some 55% (down from 61%) in October, believe demand will “remain the same” during the same four-month time period. 2.4% believe demand will decrease, a drop from 4.9% in October.
Some 64.3% of survey respondents indicate they expect the “same” access to capital to fund business, a significant decrease from 78% in October. 35.7% of executives expect more access to capital to fund equipment acquisitions over the next four months, up from 22% in October. No one expects “less” access to capital, an improvement from 4.7% last month.
When asked, 40.5% of the executives reported they expect to hire more employees over the next four months, up from 22% in October, and 47.6% expect no change in headcount over the next four months, while 12% expect fewer employees, up from 7.3% in October.
100% of the leadership still evaluates the current US economy as “poor” or “fair,” at 33.3% and 66.7%, respectively.
Still uncertainty over US economy
But some 40.5% of survey respondents believe that US economic conditions will get “better” over the next six months, an improvement from 17% in October. 59.5%% of survey respondents indicate they believe the US economy will “stay the same” over the next six months, down from 75.6% in October. No one responded they believe economic conditions in the US will worsen over the next six months – this is down from 7% who believed so in October.
In November, 45.2% of respondents indicate they believe their company will increase spending on business development activities during the next six months, up from 36.6% in October. 54.8% believe there will be “no change” in business development spending, down from 63% last month.
Aylin Cankardes, president of Rockwell Financial Group stressed: “We are starting to see increased opportunities in certain segments. Capital is still tight but more available than it has been over the past year. The focus continues to be investment level credits.”
Leaseurope brings together 45 member associations in 32 European countries representing the leasing long term and/or short term automotive rental industries. In 2009, these associations represented more than 1,300 leasing firms and more than 780 short term rental companies.
Free membership to obtain AssetFinance International News
Leasing News: Fernando's View
Special Thanksgiving Edition:
There may be no shortage of Christmastime classics, but when it comes to Thanksgiving, folks are often stumped when it’s time to watch a movie with the family. When looking for seasonal movies to watch with your family, a great tip is to visit Netflix and search for discussion boards on holiday movies. By getting in contact with fellow movie buffs, you may be able to discover titles you never heard about before. In the meantime, here are some savory choices to go with your turkey gravy and pumpkin pie.
Planes, Trains & Automobiles (John Hughes, 1987): Steve Martin and John Candy make a splendid odd couple in this hilarious and ultimately poignant comedy from director John Hughes (“The Breakfast Club”). Smooth advertising exec Neal (Martin) and brash salesman Del (Candy) make unlikely traveling companions, but when their flight is grounded by snow, the two are stuck on a madcap road trip. Can they make it home in time for Thanksgiving—or, more to the point, before they kill each other? There are several memorable jokes and characters along the way, but what makes the film such an enduring treat is the expert chemistry between Martin and Candy.
A Charlie Brown Thanksgiving (Bill Melendez & Phil Roman, 1973): No holiday gathering is complete without a visit from the Peanuts gang. In this short but delightful animated TV special, Charles M. Schultz’s characters come to face such Turkey Day challenges as getting the family together and getting the right meals cooked. When Peppermint Patty and friends invite themselves over to Charlie Brown’s house, he must whip up a holiday special even though he’s supposed to be going to his grandmother’s house. Throw in lessons about what Thanksgiving really stands for and Snoopy and Woodstock in pilgrim costumes, and you have a tip-top Peanuts feature.
Addams Family Values (Barry Sonnenfeld, 1993): A rare sequel that’s wittier than the original, this dark-humored gem boasts what is possibly the funniest Thanksgiving pageant on record. While Gomez (Raul Julia) and Morticia (Anjelica Huston) deal with a conniving babysitter (Joan Cusack) back home, their children Wednesday (Christina Ricci) and Pugsley (Jimmy Workman) endure the horrors of a tacky summer camp. The film’s comic high point comes when the kids take part in the camp’s play about the first Thanksgiving (titled “A Turkey Named Brotherhood”) and turn traditions upside down. Without giving too much away, let’s just say you won’t look at pilgrims and Indians the same again.
The Ice Storm (Ang Lee, 1997): Family has always been one of versatile director Ang Lee’s concerns, a concern that he examines in this sensitive, beautifully acted portrait of tensions and secrets emerging in suburban Connecticut during the Thanksgiving weekend. The year is 1973, and the Hood and Carver families are struggling not to spin out of control in the face of national crisis. Will the festivities bring them together, or will their troubles merely grow larger? A melancholy but thoughtful and ultimately hopeful tone and splendid performances from a first-rate cast (including Kevin Kline, Joan Allen, Sigourney Weaver and Christina Ricci) make this a must.
(Original had “red eye” and we tried to clean it up in the photograph)
Shelter: Midvale Animal Services
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
#### Press Release #########################
Union Bank Unveils Small Businesses Loan, Line and Lease Promotions
LOS ANGELES--)--Union Bank, N.A., announced four loan, line, and lease promotions for businesses located in California, Oregon, and Washington. These promotional offers make it simple and affordable for small businesses to continue investing in technology to help grow their businesses.
“When you come to Union Bank with financing needs, we respond with options specifically tailored to the needs of small business”
The four offers cover commercial real estate loans, business loans and business lines of credit, commercial vehicle loans, and equipment leases. Running through the end of November, the discounts these promotions offer provide Union Bank customers an easy way to grow their businesses during the end-of-year crunch.
“When you come to Union Bank with financing needs, we respond with options specifically tailored to the needs of small business,” said Christy Schmitt, senior vice president, Small Business Banking, Union Bank. “These four financing offers can help customers grow their business while minding their budget and freeing up capital.”
Full details for all small business financing offers are available at www.unionbank.com/sbfinancingoffers.
The commercial real estate loan promotion allows small businesses to save up to $1,000 in loan fees.1 Given the current real estate market combined with today’s competitive interest rates, now may be a good opportunity for businesses to purchase new property, refinance, or simply take advantage of the benefits of owning versus leasing. Union Bank offers a 45-day average closing process and a range of fixed- or variable-rate terms.
The business loans and business lines of credit promotion allows small businesses to save up to $250 on the initial fee for either a loan or a line of credit.2 Whether funds are needed for short-term cash flow, business expansion, equipment purchases, or simply to build permanent working capital or pay off debt, a business loan or business line of credit from Union Bank can help. Businesses can choose from a variety of solutions, including a Business OptionsLineSM. The Business OptionsLine offers all the benefits of a traditional business line of credit, plus options for converting an outstanding balance to a term loan. Secured, unsecured, or interest-only options are available.
The commercial vehicle loans promotion allows small businesses to receive 1.75% discount off the posted rate for loans of $100,000 or more.3 Vehicles such as delivery or service trucks can play an indispensable role in a business’s day-to-day operations. They can also be one of a business’s biggest fixed costs. Union Bank provides financing that helps small businesses get the vehicles they need to run smoothly while saving them money with competitive financing offers. This commercial vehicle loan promotion is for new or used vehicles (purchased or refinanced) for terms of up to 60 months.
The equipment leasing promotion allows small businesses to save up to $150 on the lease documentation fee.4 Equipment is one of a business’s most basic costs, and unfavorable financing terms can have a real impact on their bottom line. Union Bank offers competitive equipment leases with up to 100% financing to help free up capital for other business needs. Flexible lease-end options are available.
Applications for all Union Bank loans, lines, and leases must be received by November 30, 2010.
About UnionBanCal Corporation & Union Bank, N.A.
#### Press Release ##############################
Happy Thanksgiving from all of us at Leasing News
Steve Chriest, Gretchen Gabriel, Rick Jones, Kit Menkin, Terry Winders, CLP, and the Leasing News Advisory Board:
Corporate Profits Were the Highest on Record Last Quarter
FDIC Opens Hundreds of Civil Cases
Oracle awarded $1.3 billion in copyright infringement suit
Lawyers Targeted In $32M International Collections Scam
Jennifer Grey wins 'Dancing with the Stars'
Casino giant Harrah’s changes name to Caesars
San Francisco 49ers: The Top 50 Greatest 49ers of All Time
Who should be the 2010 College Football Mascot Champ?
SF Bay Area Tea Party activist working to put Arizona-style immigration law on California ballot
Epic snowstorm delights Tahoe-bound vacationers
Dutton-Goldfield Winery moves into its own space
2009 Beaujolais: The Chronicle recommends
Wineries plan N.J. wine trails
Beer goes best with turkey, then Champagne, after that you are on your own whether Zinfandel or Syrah. Never a Bordeaux, maybe a Pinot Noir or Malbec, but most likely try a real good beer. And that is from a wine lover. Kit Menkin.
Wine Prices by vintage
US/International Wine Events
Leasing News Wine & Spirits Page
Thanksgiving in American History
1621-History records the earliest American harvest festival was celebrated in early December by the Pilgrims at Plymouth, Mass. A peace treaty and defensive alliance between the Wampanoag Indians and the Pilgrims was concluded at Strawberry Hill, Plymouth, Mass. Arranged by Squanto, an English-speaking Indian, it was one of the earliest recorded treaties between Europeans and Indians in North America. Squanto had been kidnapped and sold as a slave in Spain. He escaped to England, where he learned English, and lived in Newfoundland for a time before returning to Massachusetts in 1619.
Meat and bird were rare. Turkeys flourished in Pennsylvania, but not in New England. Seafood was the main source of nutrition women and children arriving in New England to join their Pilgrim husbands and fathers. Settlers were feasted with “a lobster or a piece of without bread or anything else but a cup of spring water.” Many lobsters weighed 25 lbs. and were so abundant that the smallest child could catch them. Clams, mussels, and fish stew were also popular dishes.
The coastal Indians, diminished by a viral hepatitis, needed the Europeans to help protect them from “inland” Indian tribes and approached the “Pilgrims” to aid them offering food and fur as blankets for small trinkets that was their main reason for the relationship. Many of the blankets unknown to all carried measles, chicken pox, and other European diseases unknown to the New World (See the December, 2005 edition of Smithsonian Magazine. The Indian population on the East Coast was ten million and within one hundred years diminished to one million.)
This Day in American History
1713 -Birth of Father Junipero Serra, Spanish missionary to western America. From 1769, he established 9 of the first 21 Franciscan missions founded along the Pacific coast and baptized some 6,000 Indians before his death in 1784. In doing so, he erased the California Indian culture and way of life, often in a cruel manner, but he was on a “mission” and is part of elementary school projects to learn about the Catholic churches built in California. He is credited with helping to bring “civilization” to California coast, including vineyards.
American Football Poem
Often read before a football game:
William Ernest Henley (1875).
Out of the night that covers me,
Black as a Pit from pole to pole,
I thank whatever gods may be
For my unconquerable soul.
In the fell clutch of circumstance
I have not winced nor cried aloud,
Under the bludgeoning of chance
My head is bloody, but unbowed.
Beyond this place of wrath and tears
Looms but the horror of the shade,
And yet the menace of the years
Finds, and shall find me, unafraid.
It matters not how straight the gate,
How charged with punishments the scroll,
I am the master of my fate:
I am the Captain of my soul.
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
How to play:
Refresh for current date:
See USA map, click to specific area, no commercials
Real Time Traffic Information
You can save up to 20 different routes and check them out with one click,
Independent, unbiased and fair news about the Leasing Industry.
Ten Top Stories each week chosen by readers (click here)
Editorials (click here)
- Messenheimer of AMC Funding Group filed BK 4/19/10