Monday, November 7, 2011
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
Exclusive: Hudson Tells Leasing News "Now's the Time!"
Steve Hudson believes "now is the perfect time to get started in the leasing business again." He built Newcourt, the Toronto-based commercial lending business with less than $500,000, sold to CIT in a stock swap for $2.8-billion in 1999. He then got out as the industry hit the wall. Now he wants back in again.
“Now’s the time,” Hudson told Leasing News. "… others will be left behind if they wait until the economy fully heals itself two years from now." He notes there are many trends that are up, including automobile sales. He likens this to a time he saw in the past that helped him build Newcourt.
This time he says the leasing thrust will use automation, primarily with LeaseTeam, Inc., state of the art software and web approaches, one of the reasons he purchased Alter Moneta, who was a big user of LeaseTeam, Inc., he told Leasing News. He points out Alter Moneta is already active here, and he will make Element Financial even more active.
His business model will be 80% direct and 20% broker. While they work with some brokers now, he does not see expanding it more, but will be adding select brokers in the near future, he told Leasing News. He plans more automation and using the latest tools to grow their portfolio.
He recently completed a $175.14 million private placement subscription. He is planning an IPO perhaps as early as December and thus entered into a definitive amalgamation agreement with Mira II Acquisition (Mira) pursuant to which Element will merge with Mira pursuant to an amalgamation under the Business Corporations Act (Ontario), with the continuing entity to be known as “Element Financial Corporation”. Mira is a capital pool company listed on the Toronto stock exchange (TSX Venture Exchange) and the amalgamation will complete the previously announced qualifying transaction of Mira in accordance with the rules and policies of the TSXV.
Previously he created the entity with $10 million from Cameron Capital Corp, which he named for his son, and $75 million private placement stock. It seems one of his first moves was paying book value for the assets of Montreal-based Alter Moneta, a leasing firm that was started in 1998 with money from National Bank of Canada and the Caisse de depot et placment due Quebec.
Hudson reportedly paid book value for the assets of Montreal-based Alter Moneta, a leasing firm that was started in 1998 with money from National Bank of Canada and the Caisse de dépôt et placement du Québec. It now has about $180-million in lease assets. In 2007, Bear Stearns Merchant Banking bought a controlling stake in Alter Moneta, and when Bear Stearns subsequently collapsed in 2008, Alter Moneta’s funding dried up as banks avoided anything that was affiliated with Bear Stearns.
In 1999, Hudson got out of leasing and into other businesses with the touch of gold, making excellent profits as he has the ability to see the future and bring people together who contribute to the success of his ventures. He earned much notoriety as well as an excellent return on his initial investment. His goal appears to be both the Canadian market, and United States leasing Market, and perhaps as other companies have done, but this time differently, as he will either buy or merge with a bank chartered to do business in both countries.
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Marlin Business Service Officers’ "Exotic Pay"
Marlin Business Services Corp (NASDAQ: MRLN), parent of Marlin Leasing, reported a third quarter net income of $1.8 million. For the nine-month period ended September 30, 2011, net income was $4.1 million.
October 19, 2011 Leasing News noted the serious trading of stock by President, CEO, Treasurer Daniel P. Dyer and George D Pelose, Executive Vice President, Chief Operating Officer, General Counsel & Secretary. The third quarter did not report the officers’ salary, but here are 2010 year-end:
"The Company recognized $2.0 million and $2.0 million of compensation expense related to restricted stock for the nine-month periods ended September 30, 2011 and September 30, 2010, respectively. Of the $2.0 million total compensation expense related to restricted stock for the nine-month period ended September 30, 2011, approximately $0.6 million related to the acceleration of vesting based on an annual evaluation of the achievement of certain performance criteria during the first quarter 2011.
As of September 30, 2011, there was $5.4 million of unrecognized compensation cost related to non-vested restricted stock compensation scheduled to be recognized over a weighted average period of 4.4 years, based on the most probable performance assumptions as of September 30, 2011. In the event performance targets are achieved, $2.5 million of the unrecognized compensation cost would accelerate to be recognized over a weighted average period of 1.2 years. In addition, certain of the awards granted may result in the issuance of 163,783 additional shares of stock if achievement of certain targets is greater than 100%. The expense related to the additional shares awarded will be dependent on the Company’s stock price when the achievement level is determined.
The fair values of shares that vested during the three-month periods ended September 30, 2011 and September 30, 2010 were $0.4 million and $0.1 million, respectively. The fair values of shares that vested during the nine-month periods ended September 30, 2011 and September 30, 2010 were $3.6 million and $1.6 million, respectively.
And where did the net profit come from? Yes, again, as for the last two years, Evergreen clause.
Fee income was $1.2 million and $1.3 million for the same period of time as part of residuals, as well as renewal income totaled $5.7 for the three month period, and $5.8 million for the nine-month period.
In Marlin’s third quarter filing, page 42, it was stated 81.4% of residual assets were related to copiers:
"As of September 30, 2011, approximately 65% of our leases were one dollar purchase option leases, 33% were fair market value leases and 2% were fixed purchase option leases, the latter of which typically contain an end-of-term purchase option equal to 10% of the original equipment cost. As of September 30, 2011, there were $33.9 million of residual assets retained on our Consolidated Balance Sheet, of which $27.6 million, or 81.4%, were related to copiers. No other group of equipment represented more than 10% of equipment residuals as of September 30, 2011 and December 31, 2010, respectively."
"Fee income included approximately $1.2 million and $1.3 million of net residual income for the three-month periods ended September 30, 2011 and September 30, 2010, respectively. Fee income included approximately $3.5 million and $4.0 million of net residual income for the nine-month periods ended September 30, 2011 and September 30, 2010
"Our leases generally include renewal provisions and many leases continue beyond their initial contractual term. Based on the Company’s experience, the amount of ultimate realization of the residual value tends to relate more to the customer’s election at the end of the lease term to enter into a renewal period, purchase the leased equipment or return the leased equipment than it does to the equipment type. We consider renewal income a component of residual performance. Renewal income net of depreciation totaled approximately $1.9 million for each of the three-month periods ended September 30, 2011 and September 30, 2010. Renewal income net of depreciation totaled approximately $5.7 million and $5.8 million for the nine-month periods ended September 30, 2011 and September 30, 2010, respectively."
"During the three months ended September 30, 2011, we generated 4,580 new leases with a cost of $59.7 million, compared to 3,253 new leases with a cost of $35.8 million generated for the three months ended September 30, 2010. Much of the change in volume is the result of increasing sales staffing levels from 84 sales account executives at September 30, 2010 to 95 sales account executives at September 30, 2011. Approval rates also rose from 49% for the quarter ended September 30, 2010 to 60% for the quarter ended September 30, 2011 due to the improved credit quality of the applications received and adjustments made to credit policy in light of the continued strong performance of recent years’ lease originations."
Again, should Pennsylvania, where Marlin runs their documentation center, change its position that lessees be notified in advance of a lease expiring, it would require them to move this operation to another state and if not, more than likely change the profit position of Marlin Business Services.
Third Quarter SEC filing:
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Former Head of Marlin Leasing Grows His New Company
Navitas Lease Corp. continues to grow, announcing the closing of a $22 million Series B Preferred Stock investment led by BlueMountain Capital Management, LLC. BlueMountain participated in this investment through funds it manages. It also adds to his current lines of credit.
“The company has worked hard in the last two years to position itself to capitalize on the current market conditions,” says Gary Shivers, President and CEO of Navitas. “BlueMountain has substantial resources to support our growth as well as expertise in financial services.”
Gary Shivers, The former president of Marlin Business began planning his leasing company the end of 2008, as his resignation December 20, 2006 restricted prohibited him from doing leasing business until January 31, 2009. (1)
He began building the company, raising capital and investment, concentrating on direct business at their office in Ponte Vedra Beach, Florida; opening a second office in Cherry Hill, New Jersey. In June, 2011, he created RLC Funding, to be run by Dwight Galloway, long time "broker only" leader, veteran of LEAF Specialty, NetBank Leasing, and Republic Leasing of South Carolina. Shiver's division would concentrate on direct and Galloway in Columbus, Georgia, would concentrate on "broker only," which he has been doing for over 25 years. The only hold-up, reportedly frustrating Dwight Galloway the most, it has been seven months since submitting to become licensed to do leasing and finance in California. The California Finance Lender's office is quite behind since the cutbacks by the California state legislature.
BlueMountain, headquartered in New York, New York, reportedly was attracted to Navitas" due to the strength and reputation of the management team."
“The company has made considerable progress in managing growth and developing their operating platform in the current economic environment. They have the resources and capabilities to become a dominant competitor in their market,” said Brad Schwartz, Portfolio Manager in charge of Asset Backed Strategies at BlueMountain.
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Career Crossroad— "Changes to occur with current employer..."
Question: There have been concerns regarding changes soon to occur with my current employer, any suggestions?
Answer: Try to see the writing on the wall, be prepared and try to do some research to find out if it is truly just a rumor. Warning signs could include changes to executive level employees, changes in compensation plans, changes in quotas/goals, company MERGERS (companies often do not duplicate roles) and most importantly keep abreast of the profitability of your current employer. A big warning sign: key players (not only executives) moving on …. Particularly tenured employees.
So what to do …
I. You will have to contemplate if you are willing to give up a severance package (if the company HISTORICALLY has provided.) Many large organizations provide severance based on years of employment – BUT this is NOT a guarantee. First, are willing to give it up to find a job before a downsizing occurs (you MUST remember you may be competing with colleagues for limited positions in this economy so I would be careful in making up your mind of who to talk to about this).
II. Update your resume
V. Gather Proof of your Success – Very Important for Sales Positions
I strongly advise preparing in advance of a potential layoff / downsizing / company closure / merger ----you won’t panic if they shut down your computer and walk you to the door!
If you really believe the “rumor” is true, do more than prepare, start looking for new opportunities … It is always better to look for a job while you still have a job as it not only keeps you in practice, but you will be ready to hit the streets right away.
Previous Career Crossroad columns:
Processing online poker operators does one bank in,
The three branches of SunFirst Bank, Saint George, Utah, were closed with Cache Valley Bank, Logan, Utah, to assume most of the deposits. The FDIC will retain approximately $15 million in deposits that may be subject to external litigation involving SunFirst Bank. The affected accounts were frozen prior to the failure of the bank. All other accounts were transferred to Cache Valley Bank.
Executives of the bank were charged along side the co-founders of three online poker companies, including Full Tilt Poker, PokerStars and UB.com. Allegedly they were processed and disguised as dog food and golf ball purchases!
“John Campos, former Vice Chairman at SunFirst Bank of St. George, is alleged to have processed internet poker transactions at the bank in exchange for a $20,000 “bonus” and his cohort’s investment of $10 million to SunFirst Bank.”
As real estate loans started to default, primarily land and construction loans to developers, problembanklist.com reports, "In a desperate attempt to raise additional capital after the FDIC cease and desist order, SunFirst entered into an arrangement with St. George businessman Jeremy Johnson in late 2009 to process online poker payments. Over the next year, SunFirst processed over $200 million for online poker operators which eventually lead to a federal indictment in April 2011 of SunFirst Vice Chairman John Campos.
"Jeremy Johnson faces criminal charges for mail fraud related to an online company he ran known as iWorks. The Federal Trade Commission alleges that Johnson defrauded iWorks customers to the tune of $275 million. An explanation from regulators on how they failed to notice SunFirst’s involvement in a criminal enterprise involving online poker payments would make interesting reading. The charges in the cease and desist order issued by the FDIC shortly before SunFirst decided to start processing online poker funds made it abundantly clear that bank management had little regard for safe and sound banking practices and regulators knew it."
Poker chips are available from banks and credit cards from all over the world, including the United States, as evidenced by this web site, listing bank options:
Founded March 7, 2001, the bank had 41 full time employees June 30, 2011 compared to 57 full time employees in 2007. There were two offices in Saint George and one in Hurricane.
Tier 1 risk-based capital ratio 2.68%
Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.
(in millions, unless otherwise)
As of September 30, 2011, SunFirst Bank had approximately $198.1 million in total assets and $169.1 million in total deposits. In addition to assuming deposits of the failed bank, Cache Valley Bank agreed to purchase approximately $177.3 million of the failed bank's assets. The FDIC will retain the balance of the assets for later disposition.
The FDIC and Cache Valley Bank entered into a loss-share transaction on $128.9 million of SunFirst Bank's assets. Cache Valley Bank will share in the losses on the asset pools covered under the loss-share agreement.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.7 million.
The eight branches of Mid City Bank, Inc., Omaha, Nebraska, were closed with Purdum State Bank, Purdum, Nebraska, to assume all of the deposits. Purdum State Bank will change its name to Premier Bank.
June 30, 2011, Mid City had 46 full time employees from a high of 58 full time employees in 2007. Founded March 29, 1965 as Indian Hills Bank, the bank changed its name in 1967 to Midi City Bank; all eight offices were in Omaha, Nebraska.
Tier 1 risk-based capital ratio .068%
The FDIC shows the bank assuming Mid City Bank, Purdum State Bank, has six full time employees and net equity of $2.9 million June 30, 2011 and profit of $100,000.
Purdum State Bank is primarily the investment of the Stine family, where its chairman, Greg Stine of Omaha, said who was putting $15 million in capital into the bank, enough to support its existing loans and to allow for future expansion. He told the Omaha.com he hopes to bring in another investor to raise that to $20 million within a year.
“We're trying to make this transition as smooth as possible,” said Maher, who has spent his 20-year banking career at Omaha State Bank and until Friday was its president. “The customers will still see the same friendly faces.”
Basically, Mid City Bank ran out of capital, as noted the net equity was $39.2 million year-end 2005, but by September 30, 2011 it was down to $298,000 after four years of losses, and charge offs primarily in commercial and industrial loans, and nonfarm nonresidential loans (businesses).
Management having eight branches in Omaha, which has a population in 2011 of 383,886 sounds not very wise, as well as the losses were in commercial development of the city and the surrounding areas.
Stine told omaha.com: ... 'substantially all' of the Mid City Bank employees will remain on the job, and he hopes to expand the bank's presence in Omaha. The office in Purdum, which is in Blaine County in north-central Nebraska, will retain the Purdum name and add “a Premier Bank.”
“Omaha's a very dynamic and diverse market,” Stine told Omaha.com. “We're excited about being able to come to Omaha and compete.”
(in millions, unless otherwise)
Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.
As of September 30, 2011, Mid City Bank, Inc. had approximately $106.1 million in total assets and $105.5 million in total deposits. In addition to assuming all of the deposits of the failed bank, Purdum State Bank agreed to purchase essentially all of the assets.
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.7 million.
List of Bank Failures:
Top Stories---October 31--November 2
Here are the top ten sorties opened by readers:
(1) LEAF Commercial Takes Over by Kit Menkin
(2) First American Equipment Finance Goes Against the Trend
(3) The Problem with Accepting Late Payments by Tom McCurrin
(4) Leasing 102 by Mr. Terry Winders, CLP
(5) Steve Jobs' Final Words Revealed by Biological Sister
(6) Top Ten Computer and iPhone Passwords
(7) Bank of Ozarks Joins
(8) Continuing Good News about the Credit Business
(9) Don't Kid Yourself: You're Not Steve Jobs By Julie Steinberg
(10) Bank Beat--Indian-American Bank Fails in Illinois by Christopher Menkin
The Financial Accounting Standards Board (FASB) and the International Account Standard Board (IASB) discussed the disclosure requirements for lessors that account for leases under the receivable and residual approach, transition requirements for sale and leaseback transactions and other transition considerations for the proposed leases guidance.
Shawn Halladay reports, "Most of it is disclosure requirements, which almost is housekeeping after the tough decisions are made. One piece of good news is that capital sale leasebacks will not have to be reevaluated as to the sale recognition conclusion previously reached, nor will the associated lease assets and liabilities have to be remeasured. This provision will remove lessee anxiety currently surrounding this product.
"On the flip side, operating sale and leasebacks will be reevaluated using the transfer of control criteria in the proposed revenue recognition standard."
Shawn Halladay, Managing Director
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How Much Do you Know About Leasing?
I have a few 60 question tests that I like to give to those who profess to know about leasing that if you do then getting most of the answers correct should be no problem because it is an easy test. I must tell you that some are surprised by the results.
Both legal and income tax rules are subject to change based on court cases that have helped settle some pressing questions that are not spelled out in the rules themselves. How much do you know about what are acceptable today verses yesterday?
Leasing News has a list of books on leasing, as well as does the CLP Foundation web site (1).
The CLP handbook on leasing is an excellent tool to purchase and read, as well as consider for a Christmas gift to a colleague or employee in the leasing business. It is 347 pages and convers the entire subject in a very well written form. It is also up-to-date, with new regulation brought forward from the foundation to up-date the book.
While many may not want to make the time to study to pass the test and become a Certified Leasing Professional, I do recommend that companies require employees to read a few pages each week and test them on the information and help them understand the material.
The book was created to help leasing personnel study to become a Certified Lease Professional but it contains what every leasing person should know about this industry and if you want to succeed you need to get educated.
Here is a list of the contents:
List Price: $59.95
I will be offering the start of my 2012 seminars with the first one this December, 12-14th, two and one half days; December sponsored by the Commercial National Bank, Newport Beach, California.
If you would like to sponsor a seminar for a reduced cost of attendance, please contact me at Leaseconsulting@msn.com
Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at firstname.lastname@example.org or 502-649-0448
He invites your questions and queries.
Previous #102 Columns:
(This ad is a “trade” for the writing of this column. Opinions
A double-bill of Antonio Banderas projects finds him in art-house melodrama (“The Skin I Live In”) and children’s animation (“Puss in Boots”), while romantic comedy (“Crazy, Stupid Love”), one-of-a-kind documentaries (“Tabloid”) and classic musicals (“Astaire & Rogers Collection, Vol. 2”) await DVD watchers.
The Skin I Live In (Sony Pictures Classics): Oscar-winning Spanish director Pedro Almodovar serves up a dark and unpredictable tale with this stylish combination of operatic horror and high camp melodrama. After years since their previous collaboration, the filmmaker reunites with his longtime leading man Antonio Banderas, who stars Dr. Robert Ledgard. A world-famous plastic surgeon, Ledgard is working on what is to be his ultimate project, the creation of a new brand of skin inspired by his late wife. Aided by his faithful companion Marilia (Marisa Paredes), he experiments on a young woman (Elena Anaya) who harbors a deep secret and may not really be all she seems. To say more would be to give away the twists that make Almodovar’s movie such a rich and perversely lyrical experience. With subtitles.
Puss in Boots (Paramount Pictures): Making a 180 degree turn from the adult themes of “The Skin I Live In,” Antonio Banderas delightfully provides the voice of the titular feline character in this hilarious animated feature. A bold, daring and terminally vain kitty who’s handy both with a sword and a caustic comment, Puss in Boots became one of the most beloved characters from the “Shrek” series, and here he gets his own adventure, set before he met the famous green ogre. In keeping with the “Shrek” movies, the plot includes nods to several fairy-tales (including Humpty Dumpty and the goose that lays golden eggs) and breezy jokes to go along with its lively 3-D animation. The results are an irresistible treat for family audiences.
Crazy, Stupid, Love (Warner Bros. Pictures): The romantic comedy genre gets a welcome shot of energy in this vivacious roundelay of love and awkwardness. The story kicks off as suburban everyman Cal (Steve Carell) finds his balanced existence suddenly rattled by his wife Emily’s (Julianne Moore) decision to get a divorce. Befuddled by his new position as Mr. Bachelor, he seeks advice from his friend Jacob (Ryan Gosling), a slick womanizer who has the challenge of molding out-of-it Cal into a successful ladies’ man. The plot may not sound exactly original, but directors Glenn Ficarra and John Requa (“I Love You Philip Morris”) and a crack ensemble cast that also includes Emma Stone and Marisa Tomei give a fresh spin to familiar jokes and situations.
Tabloid (MPI): Though he's an Oscar-winning documentarian, there's very little that's predictable or stuffy about Errol Morris' subjects or his handling of them. Case in point: Joyce McKinney, the one-of-a-kind human whirlwind at the center of his immensely entertaining new film. A former beauty queen from Wyoming who in the late 1970s became a media sensation due to her participation in a bizarre scandal involving fake identities, Mormon kidnapping and cloned puppies, the older but still indomitably vivacious McKinney she faces Morris' camera and tells her story in a myriad of cheerfully strange ways. Was she a woman driven by passion? A virtuoso storyteller weaving her own madcap adventure? A creation of a scandal-hungry culture? Without providing easy answers or mocking his subject, Morris brings us closer to her obsessions.
TCM Classic Films (Astaire and Rogers Volume Two) (Warner Bros.): With their impeccable tuxedos, satin dresses and effortless grace, Fred Astaire and Ginger Rogers seemed to embody the dreaminess of classical Hollywood in some of the most timeless musicals ever. Four of their lesser-known movies are included in this shimmering set, serving audiences the duo’s patented combination of class, humor, and lighter-than-air dance moves. Included is their first ever pairing in “Flying Down to Rio” (1933), the lush score of Rogers and Hammerstein in “Roberta” (1935), and the biopic “The Story of Vernon and Irene Castle” (1939), with the two playing the famous real-life dancers. Best of all is “Follow the Fleet” (1935), a romantic comedy that showcases the enduring, magical appeal Astaire and Rogers continue to exude for audiences.
Recession Odds Decreased to Lowest Level Since June
The odds of a double-dip or a new U.S. recession decreased from a high of 80 percent in June to about 20 percent in November based on increasing consumer financial confidence.
SAN FRANCISCO, Calif. – The Money Anxiety Index (www.moneyanxiety.com) continues to decline from its recent peak of 99.5 in June of this year signaling a higher level of consumer confidence in the economy. November preliminary index is at 97.6, a decrease of 1.9 index points since June, and 0.1 declines from October.
In the past fifty years, the U.S. entered into a recession whenever the Money Anxiety Index rose five consecutive months. June of 2011 was the fourth consecutive month of increasing level of financial anxiety, thus placing the odds for a recession at 80 percent. The downwards trend in the Money anxiety Index started in July, and continued through October, thus placing the probability of a double dip or a new recession at about 20 percent.
The decrease in the Money Anxiety index is reflected in the third quarter GDP figures, which increased at an annual rate of 2.5 percent, compared to an increase of 1.3 percent n the second quarter. The increase in real GDP in the third quarter primarily reflected positive contributions from personal consumption expenditures, which increased 2.4 percent in the third quarter, compared with an increase of 0.7 percent in the second.
Conversely, opinion-based consumer confidence indices, such as the Thomson Reuters / University of Michigan and the Conference Board, reported decreasing levels of consumer confidence in the third quarter despite improving economic indicators. These indices measure consumers’ perception of the economy, which lags about three to four month behind economic reality. In the third quarter of this year, the Thomson Reuters / University of Michigan index declined from 71.5 in June to 59.4 in September, and the Conference Board index decreased from 52.9 to 46.4 during the same time period.
“Since 70 percent of the U.S. economy is governed by consumer spending,” said Dan Geller, Ph.D. Trend Forecaster at Money Anxiety Index, “we should always follow what people do, not what they say.”
About Money Anxiety Index
The Money Anxiety Index (MAI) differs from other indices of consumer confidence mainly because its measurement is objective rather than subjective. MAI measures how economic indicators are impacting consumers’ behavior (objective) rather than how consumers say they feel about the economy (subjective), which is the methodology used by survey-based consumer confidence indices.
##### Press Release ############################
Cherry Hill, New Jersey -- Adopt-a-Dog
“Brinin is such a sweet and good boy--a real 'family man'--loves to be included with his family as a part of his family. He was returned through no fault of his own--the adopter got a new position and would be travelling. Brinin is back with his foster family and happy again. This boy is one of the really great greys. He's living with greys and small dogs and likes them all.”
Foster Update 10/2011
“If you are looking for a BFF (best friend forever) then look no further. Brinnie does not want to be your pet, he wants to be your best friend and companion. He enjoys car rides and enjoys being wherever either the single adopter or family members are. He is not pushy or anything like that, he just loves to be where his mom, or dad, or any other members of the family might be. He is still quite playful and very interactive and very gentle. He enjoys walking in the park. He enjoys short runs in the yard and really loves to play with me. He has mastered both carpeted and wooden stairs. He sleeps in his man cave at night and does not mind if he has to stay in there while I run errands and cannot take him with me. Have you seen how strikingly good looking he is? What soulful eyes this boy has. Did I mention that he is cat safe too???!!!! “
“JD He Brinin is a very handsome boy who is friendly, calm and very sweet. He's playful with an endearing personality. Brinin walks nicely on leash. He's 2 years old…
Foster Update 8/10/2011
“Hello my name is He Brinin and I just came off the track a few days ago so I am still a little shy and reserved. I must have been around children because I like to hang around my foster mom's middle school children. I am learning all of these new things that retired racers do - like going up and down steps, how to behave in the house, and, oh yes, how to relax! I think I have mastered this already though. I have not had any potty accidents and I sleep well in my crate.”
Foster Update 8/16/2011
“Brinnie, as I like to call him, has been with us for about a week and wow what a difference a few days can make. He has found his toys and he does love to play with them. He has not shown any food, toy or sleep aggression. He is living with two children whom he does seem to enjoy being around, two small dogs, three large dogs, and a cat who he has not yet met; I think he would do best without a cat though. He does not mind being in his crate when I go out to run errands. Brinnie does have voice and will tell you if you have waited to long to feed him. He has not had any accidents in the house. He is easily correctable with a simple 'no'. He really enjoys being wherever the humans are. He seems to enjoy going for car rides and walks well on the leash. He is as sweet as can be and his happy boy personality is emerging more and more everyday. This guy would be a grey addition to any family.”
application, to register:
Greyhound Friends of New Jersey, Inc.
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
Fitch Affirms International Lease Finance Corp's IDR at 'BB'; Outlook Stable
Mortgage rates fall to 4.23%
More research shows online video goes mainstream
Netflix Layoffs 100, mostly Hillsboro, Oregon
Mutai, Dado Finish Strong for New York City Marathon Victories
Arrest warrant out for Terrell Owens
NBA players get new offer, and deadline to take it
Falcons rout the hapless Colts 31-7
Giants rally to beat Patriots
Oakland Raiders blow early lead in 38-24 loss to Denver Broncos
Chargers drop third straight as rally falls short
49ers win 6th straight, 19-11 over Redskins
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This Day in History
1637 - Anne Hutchinson, the first female religious leader in the American colonies, was banished from the Massachusetts Bay Colony for heresy, preaching that fait alone was sufficient for salvation, a belief that contradicted Puritan orthodoxy. She was condemned by an ecclesiastical synod at Newton, Mass, and fled to Rhode Island. She and her family were later massacred by Indians in
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