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

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Wednesday, November 14, 2012



Today's Equipment Leasing Headlines

Archives: November 14, 2000
 Signature Leasing, Dublin, California,
  
Lets Employees Go at 4pm Yesterday
   Classified Ads---Asset Management
  GreatAmerica Changes its Trade Name
   Municipal LED Street Light Financing by Atticus Financial
 “Do I have to pass a test to get the job?”
   Career Crossroad---By Emily Fitzpatrick/RII
    Classified Ads---Help Wanted
 Leasing 102 by Mr. Terry Winders, CLP
  “Lease Documents for the future”
 Kentucky Court Finds Secret Government Lien for Lease
   Displaces Junior Creditor's Perfect Lien
      By Tom McCurnin
 Why I Became a CLP, Sarah VanNostrand
  Senior Project Manager, First American Equipment Finance
   App for Smart phone --Field Trip
    49 Banks Failed to Date
     By Robert Clark and Aarti Kanjani, SNL Financial
  Leasing News Top Stories November 5 -- November 9
   ELFA Announces Business Council
    Steering Committee Election Results
     Cairn Terrier Mix Puppy
      Vancouver, British Columbia
News Briefs---
Cisco’s Net Income Climbs, Beating Wall St. Forecasts
Small banks battle regulators on capital requirements

Broker/Funder/Industry Lists | Features (collecti)
Top Ten Stories Chosen by Readers | Top Stories last six months

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
     Baseball Poem
      California Nuts Brief---
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         SuDoku
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Archives: November 14, 2000
Signature Leasing, Dublin, California,
Lets Employees Go at 4pm Yesterday

Steve Chriest Reports:

"Board of Directors made a decision to exit the small ticket equipment leasing business, and small ticket leasing employees were dismissed. The company is currently working to recommend its former employees to equipment leasing companies and companies in related industries."

Signature Leasing has been a lessor and super broker for many years, with lines at several sources, including Bay View Savings, that is no longer in the leasing business.


2012


(Steve Chriest started "Selling Up" in 2003, after winding down his leasing company, who works with "senior executives, senior marketing and sales executives, national, strategic and global account managers and multi-media developers and producers." He has also worked as a contributing columnist for Leasing News and in his spare time, is working on a motion picture script as well as other world wide web projects.

“Steve is a long time personal friend, knowledgeable, honest, also has a keen sense of humor. He has contributed over 150 columns since 2004 to Leasing News as “former leasing company CEO,” then as "Selling UP" and "Sales Makes it Happen" as well as other columns from time to time. He has the distinction of calling the economic downturn from real estate mortgages and lending problems in his February 3, 2006 column "Bad Moon on the Rise."

http://www.leasingnews.org/Selling_Up/Bad_Moon.htm

 




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Classified Ads---Asset Management


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

San Francisco, CA
Ten years experience setting residuals, negotiating leases and remarketing equipment across a broad spectrum of large ticket asset types including marine, intermodal, mining, energy, manufacturing.
geoffwalshe@yahoo.com

 

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

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

 

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

GreatAmerica Changes its Trade Name


(Cedar Rapids, IA) – GreatAmerica Leasing Corporation announced today that it has adopted the new trade name “GreatAmerica Financial Services.” The change better reflects the wide array of services the company delivers to its customers.

“GreatAmerica is far more than a leasing company today,” said GreatAmerica Chairman and CEO Tony Golobic. “We have always been solution driven. Over the years, this has led to the development of a number of innovative, non-leasing products and services. The evolution of our name simply underscores our commitment to the continued success of our customers.”

GreatAmerica offers a number of products and services such as tailored financing programs, portfolio servicing, Collabrance™ managed IT Services, PathShare™ HR Services, and FleetView™ fleet monitoring. For a full listing of the company’s products and services, please visit greatamerica.com.

About GreatAmerica

Founded by CEO Tony Golobic in Cedar Rapids, Iowa in 1992, GreatAmerica is a $1.3 billion national commercial equipment finance company. GreatAmerica is dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. GreatAmerica is over 90% employee-owned and provides financing and niche market-focused services in all fifty states and several U.S. Territories and has a staff of nearly 400 employees with offices in Iowa, Minnesota, Missouri and Georgia.

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


 

 

 

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

Municipal LED Street Light Financing by Atticus Financial


NEW YORK,– Global Resource Energy Inc. (OTCQB: GBEN) – -The company is announcing to municipalities throughout North America that it has designed a financing model for the retrofit of LED street lights with Atticus Financial. Upon signing agreements with the company, cities can immediately lower the cost of operating a street light system while at the same time retrofitting the city from old, amber colored, High Pressure Sodium lights to clear, bright and eco-friendly LED street lights. Lights are supplied through the company’s agreement with Kardings America and Patedma Group Corp of Los Angeles, CA.

Atticus Financial Group provides leasing solutions to a wide variety of clients across Canada and the USA with a primary focus on leasing, and offers equipment leasing and auto leasing services for all brands of new and used cars, trucks and business or industrial equipment.

Atticus will arrange lease financing for a wide variety of equipment types from software and office equipment through to forklifts, heavy trucks, shop equipment, medical equipment, agriculture equipment, “green equipment” and most other business equipment, regardless of industry type or even time in business.

“As truly advanced the lighting technology is, we think this finance package is just as futuristic. Instead of trying to find more money to pay for this system we have devised a way to use the money you’re already spending on your existing street light system to pay for the new one while keeping the lights on as well.”

Kardings is a multi-national green energy company designed to help bring eco-friendly technology to the market. Kardings offers LED Street Lights to all municipalities and can access a special fund called The Hero© program which was established specifically for green initiatives in municipalities. The lighting systems are highly efficient, dependable and come with the best warranties available in the industry. In most cases a city, town or village may retrofit to energy efficient led street lighting at no increased cost and may even put money back into municipal budgets. Kardings’ website is www.kardings.com.

Atticus Financial Group, Vancouver, British Columbia

http://www.atticusfinancial.com/

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



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Do I have to pass a test to get the job?
Career Crossroad---By Emily Fitzpatrick/RII


Question: I am being told that I must take a TEST as part of the application process. What should I do to prepare for this written examination?

Answer: Here are two categories of career tests:

(1) Proprietary Skills Testing

(This applies to specific skills required for the position.) (E.g. for a credit, pricing or accounting role, grammar, spelling, knowing computer programs the company utilizes) – This type of testing you can prepare for and brush up on your skills

(2) Pre-Employment Personality and/or Skills and/or Aptitude Testing (formal) e.g. Caliper Cognitive tests measure a candidate's reasoning, memory, perceptual speed and accuracy, and skills in arithmetic and reading comprehension, as well as knowledge of a particular function or job.

Regarding Pre-Employment Tests / Assessments, you really can’t prepare for that; they are meant to predict and improve workplace performance.

Every company knows that employees are its most important asset. Retention is the goal and pre-employment testing can assist companies in hiring more productive employees, reduce turnover and decrease hiring costs.

These tests are for your benefit as well; they help determine if you are a good long-term fit for the position and/or organization that you are applying for. Look at the positive side, you also want to learn if this position is the right one for you. As they are hiring you, you should also view this as you are hiring them to advance your career and earn your livelihood.

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

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

 

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Leasing News Help Wanted Classified Ad
(Appears on top of News Headlines
in a rotation basis with other Help Wanted as)

(This offer will expire November 21st)



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Leasing 102
by Mr. Terry Winders, CLP


Lease Documents for the future

There is a real difference between documents for different markets.

What is important regardless of which market or ticket size you deal with are the changes in how we conduct the business of commercial equipment leasing? The suggested accounting changes and the terms being required by our customer base is going to put pressure on us to create new documents to cover new terms.

It appears that we can look at equipment rental documents for new language to cover how we expect the lessee to use our equipment and adjustments in the rent based on that use. In addition we need language to cover location change or defaults for failure to maintain maintenance records. Terms are going to be shorter requiring better equipment knowledge and well thought out residuals. Return language will be longer and more complex to cover the higher residual risk.

The changes will come slowly as we begin to create leasing programs to satisfy lessee needs in light of the new accounting requirements. The leasing business has been very adaptable over the years and I am not afraid of the changes because we will survive and prosper if we carefully create new documents to cover the changes of our product mix.

On many occasions we have discussed the content of leasing documents ---but not the quantity of documents required for each deal. Most lessors prefer short forms on “mini deals” and as the size increases, so do the number of documents they require. The lessors have to make arrangements to assume the risk for short form documents and this usually is a larger lease loss reserve. This is one of the reasons for higher rates on smaller deals. In addition, smaller deals usually are accepted with a shorter credit review which again increases the lease loss reserve and the lease rate.

The short form lease when used for a specific type of equipment usually contains the equipment description, the lease requirements and the acceptance in one form. The brevity of the document means a lot of protections found in larger leases are not part of the document like a complete description, equipment maintenance requirements and equipment return conditions. The lessee accepts the equipment at the time it is delivered on the short form and the lessor pays the vendor within a few days.

A “middle market” document usually contains lots of additional documents like a separate acceptance certificate that contains the date it was delivered, the date it was accepted after it was inspected, or tested, and the actual date of the signing the document. In addition more protective language is placed in the lease like more defaults language, tax and legal statements, return provisions, “fair market value” definitions, and more explicit insurance requirements.

Although perhaps started by a template, “Major market” documents are generally created for each type of equipment and usually prepared and closed by legal counsel. They cross all the “t’s” and dot all the “i’s.”

As I have suggested in many columns this year, review your lease documents with your company attorney, as well as consult your CFO or company accountant, in addition to discussing any changes in your lease contract for 2013. And the time to do this is now, not in January.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at leaseconsulting@msn.com or 502-649-0448

He invites your questions and queries.

Previous #102 Columns:

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


Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

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

502.649.0488/Leaseconsulting@msn.com

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


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Kentucky Court Finds Secret Government Lien for Lease
Displaces Junior Creditor's Perfect Lien

By Tom McCurnin
Barton, Klugman & Oetting


Quasi-Governmental Agency with Equipment Lease Was Not Required to File UCC-1 to Perfect Its Lien, Resulting in Junior Secured Being Deemed Unsecured.

Delphi Automotive Systems, LLC v. Capital Community Economic, 2012 WL 967568 (Ky.App. 2012)..

When I was an Accounts Receivable factoring guy, I was faced with all sorts of secret liens, ranging from landlord’s liens to agricultural liens, and we were trained to underwrite borrowers thoroughly and ask a lot of questions.

A Michigan based hard money lender probably didn’t read that article, financed over $300,000 in asset-based loans, did its customary UCC searches, filed and perfected its lien, and then found itself unsecured when a secret governmental lien popped up as a result of an equipment lease. Sounds unfair, doesn’t it?

Capital Community is a Kentucky nonprofit corporation and was established under the Kentucky Industrial Development Authority Act, and was a joint city/county effort for industrial development in Kentucky. Capital Community purchased the Komatsu Press, then entered into a lease with Illinois based Certified Tool and Manufacturing for the lease of the press. The lease required Certified Tool to make monthly payments to Capital Community in the amount of $3,394.10 for 84 months. The agreement further provided that, upon completing all payments due and owing under the agreement, Certified Tool would become the sole owner of the equipment, including the Komatsu Press. Capital Community did not file a UCC-1 Financing Statement. Sounds like a secured loan, doesn’t it?

Seven years later, Working Capital Solutions, Inc. .(WCS) made a loan to Certified Tool subject to a Security Agreement, and filed a UCC-1 Financing Statements in Kentucky and Illinois.

A month later, Delphi Automotive Systems loaned Certified Tool $250,000 secured by personal property and subject to a Security Agreement and Delphi also filed a UCC-1 Financing Statements in Kentucky and Illinois. Delphi ultimately purchased all of WCS’s interest in its loan and collateral.

Six months later, Certified Tool defaulted under both loans. Delphi repossessed the Press, liquidated it, and deposited the proceeds pending a resolution of the competing security agreements and UCC filings. Delphi sued Capital Community for a judicial determination of its first priority perfected UCC-1 as against Capital Community’s unfiled and unperfected lease lien.

Capital Community argued that its agreement with Certified Tool was a true lease of the Press, and that, as the lessor, its interest in the Komatsu Press was superior to that of Delphi. To the contrary, Delphi argued that the agreement between Certified Tool and Capital Community was not a lease but rather an unperfected and inferior security agreement pursuant to UCC § 1-203.

The trial court held for Capital Community, ruling that while the lease was really a security interest, as public corporation, it was exempt from the perfection requirements of the Uniform Commercial Code as a matter of public policy. In other words, Capital Community was not required to file a UCC-1 because of public policy reasons, and could hold a secret lien which was undiscoverable by other secured creditors.

On appeal, the Kentucky Court of Appeal had no problem ruling that this matter was secured loan, not a true lease, because Certified Tool was “bound to become the owner” of the Press for no additional consideration.

As for Capital Community’s secret lien, the Court of Appeals threw Capital Community a life line, by discovering UCC § 9-109, which exempts governmental transfers from filing a UCC-1. Thus, a governmental unit may maintain a secret lien. Capital Community was deemed to be a governmental unit, and its lease transaction was deemed to be a “transfer.” Delphi was held to be unsecured.

The single lesson for the equipment lessors here is to be aware that there are secret governmental liens. If the reader is financing new equipment, the potential secret lien would not be a problem. However, if the lessor is doing a leaseback or taking additional collateral, the lessor could easily run into this type of secret lien.

When I was at The CIT Group, our underwriters typically obtained full financial statements and a cursory review of the financial statement would have disclosed the payable to Capital Community, which would have resulted in questions about the potential collateral and we would have wanted to see the underlying contract. In short, we would have figured this out. Perhaps Delphi was not well versed in asset based lending to discover the super-priority secret governmental equipment lease.

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

Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Tom McCurnin
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com

Priority Lien Case
http://www.leasingnews.org/PDF/PriorityLienCase_112012.pdf

An article discussing secret liens written by Tom McCurnin:http://www.bkolaw.com/site/pdf/lien_times.pdf

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





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Why I Became a CLP


Sarah VanNostrand
Senior Project Manager,
First American Equipment Finance


I spent several months studying for the exam, both on my own time and with peers at First American Equipment Finance, Fairpoint, New York, who were also pursuing the CLP designation. Even the handbook provided a number of “a-ha” moments where I expanded my expertise in areas I had never before considered.

My involvement in the leasing industry has taken me far beyond what I ever expected was possible, and the addition of the Certified Leasing Professional designation has opened even more career doors by providing a full-circle understanding of the industry. It is clear that as a CLP, my day-to-day decisions are more informed. What is more, I fully expect that the designation will grow my network, assist in building my recognition as a leader, and position me as an entrepreneur among my colleagues.

My career in leasing began when I secured an internship in the Operations Department at First American Equipment Finance after earning an MBA from the Rochester Institute of Technology (RIT). As a member of a customer service-focused organization, I elected to pursue the CLP designation for a number of reasons. First, I had received several promotions, and as a Senior Project Manager, I believed that becoming a CLP would immediately provide customers and prospects with a high degree of confidence and trust in my abilities. Next, I wanted to gain a more thorough understanding of the factors that contribute to decisions made by customers – as well as decisions made within my own organization. But most importantly, I knew that becoming a CLP would distinguish me – and First American – from our competition. There is no question: the CLP designation is well respected and will be a key to my continued success within this industry.

It is true that a vast amount of effort goes into preparing for the eight-hour CLP exam. But receiving the call that I’d achieved the designation was one of the most rewarding moments of my career. The CLP designation is highly valued within First American, and I expect participation in the program at First American to increase in the years to come. As we continue to establish becoming a CLP as a critical milestone at our company, I am proud that I am among the first colleagues here to complete the program; and am the first female to gain this recognition within our organization. We now have seven CLPs and hopefully more here will earn the distinction.

Beyond my original intentions, I found that becoming a CLP was extremely fulfilling. I certainly recommend it to all professionals who want to succeed.

Why I Became a CLP Series---
http://www.leasingnews.org/CLP/Index.htm


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

 

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App for Smart phone --Field Trip


For trivia buffs, as well as those interested in history, this program runs in the background of your telephone. When you are close to something interesting you set this up to notify you or to bring it up on the screen. No click is required. On mine, it vibrates.

You can set it up for your interests such as architecture, historic places and events, lifestyles, cool & unique, and has other features. The new version has fixed bugs noted by users as the program is relatively new.

Here is the computer web site:
https://play.google.com/store/apps/details?

 

John Kenny Receivables Management

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

john@jkrmdirect.com | ph 315-866-1167| www.jkrmdirect.com

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


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49 Banks Failed to Date
By Robert Clark and Aarti Kanjani
SNL Financial

Regulators did not close any banks Friday, Nov. 9, leaving the year's total at 49. Last year, regulators had closed 88 banks through Nov. 11.

As of Nov. 9, the FDIC entered loss-share agreements with the buyers of 19 of the 49 banks closed in 2012. In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks. In 2010, the FDIC entered loss-share agreements with the buyers of 130 of the 157 failed banks.


The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks' assets was 21% in 2012, with 49 failures. The median cost in 2011 and 2010 was 23%, and it was 29% in 2009.

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm


 

 

Please send Leasing News to a colleague and ask them to subscribe.
Just send email to kitmenkin@leasingnews and in subject line: subscribe

 

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Leasing News Top Stories November 5--November 9



Here are the top ten stories opened by readers:

(1) Court Stings Financial Pacific Leasing on Failure to
Properly Obtain “Acceptance” of the Leased Equipment
By Frank Peretore, Tom McCurnin, and Scott D. Chait
http://leasingnews.org/archives/Nov2012/11_09.htm#court

(2) What You Missed in Marlin Leasing’s Last Press Release
http://leasingnews.org/archives/Nov2012/11_05.htm#marlin

(3) Archives---November 9, 2007
Mea Culpa: Jim Raeder—Mark McQuitty Busted
http://leasingnews.org/archives/Nov2012/11_09.htm#archives

(4) Pictures from the Past
---1989-A&T Credit Operation
http://leasingnews.org/archives/Nov2012/11_05.htm#past

(5) Companies who utilize Evergreen
Clauses for Extra Lease Payments
http://leasingnews.org/archives/Nov2012/11_07.htm#evergreen

(6) Third-IFC Credit Trustee, Northfield, Illinois
Bulletin Board Complaint
by Christopher Menkin
http://leasingnews.org/archives/Nov2012/11_07.htm#bbc

(7) Balboa Capital Sees Increase in Business Equipment Leasing
http://leasingnews.org/archives/Nov2012/11_07.htm#balboa

(8) Ascentium Capital Announces Additions to Credit Facilit
http://leasingnews.org/archives/Nov2012/11_07.htm#ac

(9) Colford Capital Acquires Equilease Financial Services
to Create North Mill Equipment Finance
http://leasingnews.org/archives/Nov2012/11_09.htm#colford

(Tie) (10) Archives---November 7, 2005
10,629 NorVergence Leases in Contention
http://leasingnews.org/archives/Nov2012/11_07.htm#archives

(Tie)(10) Leasing 102 by Mr. Terry Winders, CLP
Lessors Margin”
http://leasingnews.org/archives/Nov2012/11_05.htm#lessors

 


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


ELFA Announces Business Council
Steering Committee Election Results


Washington, D.C. – The Equipment Leasing and Finance Association has announced the results of the association’s September 2012 Business Council Steering Committee elections. The Business Council Steering Committees are the association’s primary constituent bodies and are an integral part of ELFA’s operations, providing critical input on the direction of the association and serving as a bridge between the membership and the Board of Directors and staff. Each committee analyzes the needs of companies in the segment it represents and recommends to the Board of Directors how to meet those needs. The committee members are elected by the Business Council membership for a term of two years o a staggered basis.

The Captive and Vendor Finance Business Council Steering Committee represents financial services organizations that provide sales-assisted financing and vendor and manufacturer support activities, either on a third-party or captive basis.

The newly-elected or re-elected committee members for 2013 are:

  • William Houston, Canon Financial Services (Committee Chair)

  • Jeffrey Berg, Philips Medical Capital

  • James Cress, Stryker Finance

  • James Elwood, Bank of the West

  • Richard Gumbrecht, Everbank Commercial Finance

  • Daniel J. Krajewski, Direct Capital

  • Gregory Larson, Creekridge Capital

  • Thomas Vasilakos, PNC Equipment Finance

  • Maryann von Seggern, Cisco Capital

The Financial Institutions Business Council Steering Committee represents bank-related organizations and other financial institutions (commercial banks, investment banks, and multi-line finance companies) involved in single transactions over $5 million. The newly-elected or re-elected committee members for 2013 are:

  • Lori Frasier, Key Equipment Finance (Committee Chair)

  • Thomas Cira, Bridge Capital Leasing

  • Andre Crompton, Sterling National Bank Equipment Finance Division

  • Daniel McKew, Capital One Equipment Leasing & Finance

  • Russell Nelson, Farm Credit Leasing Services Corporation

  • Kirk Phillips, AIG Commercial Asset Finance

  • Alan Sikora, First American Equipment Finance, A City National Bank Company

The Independent Middle Market Business Council Steering Committee represents non-bank-related organizations primarily involved in transactions between $250,000 and $5 million, either individually or through lines.

In 2013, David Mirsky of Pacific Rim Capital will serve as Committee Chair.

The newly-elected or re-elected committee members for 2013 are:

  • Craig Ault, CSI Leasing

  • Andrew Bender, Graphic Savings Group

  • John Heist, Jr., Summit Funding Group

  • Gary LoMonaco, Forsythe/McArthur Associates

  • Deborah Monosson, Boston Financial & Equity

  • Quinn Scullion, Somerset Capital Group

  • Rob Stowers, PHH Arval

  • Neil Whitman, NewStar Equipment Finance

The Service Providers Business Council Steering Committee represents companies that providing a variety of services in support of the equipment finance industry, including legal, accounting, software and systems support, and other specialized professional services.

The newly-elected or re-elected committee members for 2013 are:

  • Curt Lysne, Portfolio Financial Servicing Company (Committee Chair)

  • Brett Boehm, TBF Financial

  • Josh Bridge, Capgemini Financial Services USA

  • Jeff Dicosola, Great American Insurance

  • Rick Henderson, EquipmentEngine Financial Services Company

    Barry Ripes, Paynet*


The Small Ticket Business Council Steering Committee represents financial services organizations primarily involved in transactions under $250,000, either individually or through lines.

In 2013, David Verkinderen of US Bank Equipment Finance will serve as Committee Chair.

The newly-elected or re-elected committee members for 2013 are:

  • Kris Darby, Western Equipment Finance

  • Jack Haynes, Wells Fargo Financial Leasing

  • Terey Jennings, Financial Pacific Leasing

  • Marty Klees, GreatAmerica Leasing Corporation

  • Carl Zwilling, Summit Funding Group

About ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $628 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org. Follow ELFA on Twitter @ELFAonline.

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

Send Leasing News to a Colleague. We are free!!!

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Cairn Terrier Mix Puppy
Vancouver, British Columbia

Pinto
ID# 281232
Male
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2 months

Shelter: BC SPCA - Vancouver Shelter
Pet ID #: 281232
Phone: (604) 879-7721
Let 'em know you saw "Pinto" on Adopt-a-Pet.com!
E-mail: vancouver@spca.bc.ca
Let 'em know you saw "Pinto" on Adopt-a-Pet.com!
Fax: (604) 879-1498
Website: http://www.spca.bc.ca/vancouver
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Hours of operation
Monday to Friday 10:30 am to 5:30 pm
Saturday and Sunday 10:30 am to 4:30 pm

 

Adopt-a-Pet by Leasing Co. State/City
http://www.leasingnews.org/Conscious-Top%20Stories/Adopt_Pet.htm

Adopt a Pet
http://www.adoptapet

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News Briefs----


Cisco’s Net Income Climbs, Beating Wall St. Forecasts
http://www.nytimes.com/2012/11/14/business/cisco-profits-rise-beating-forecasts.html?_r=0

Small banks battle regulators on capital requirements
http://www.washingtonpost.com/business/economy/small-banks-battle-regulators-on-capital-requirements/2012/11/13/e5e52c14-2db0-11e2-9ac2-1c61452669c3_story.html

 

 

[headlines]
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You May Have Missed---

'Motor Trend' names Tesla Model S as Car of the Year
http://www.usatoday.com/story/money/cars/2012/11/12/tesla-model-s-electric-car-motor-trend-car-of-the-year/1701167/




[headlines]

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SparkPeople--Live Healthier and Longer


SparkPeople--Live Healthier and Longer

12 Tips to Drink 8 Cups a Day
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=1014



[headlines]

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Sports Briefs----


Oakland A's skipper Bob Melvin is American League's top manager
http://www.mercurynews.com/athletics/ci_21989511/oakland-skipper-bob-melvin-is-american-leagues-top

 

 

[headlines]
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I take the snap from center, fake to the right, fade back . . . I've got protection. I've got a receiver open downfield. . . . What the hell is this? This isn't a football, it's a shoe, a man's brown leather oxford. A cousin to a football maybe, the same skin, but not the same, a thing made for the earth, not the air. I realize that this is a world where anything is possible and I understand, also, that one often has to make do with what one has. I have eaten pancakes, for instance, with that clear corn syrup on them because there was no maple syrup and they weren't very good. Well, anyway, this is different. (My man downfield is waving his arms.) One has certain responsibilities, one has to make choices. This isn't right and I'm not going to throw it.

Louis Jenkins

 


[headlines]
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California Nuts Briefs---


Oracle's Larry Ellison winning tepid 'Aloha' on Lanai
http://www.mercurynews.com/business/ci_21958005/oracle-larry-ellison-lanai-winning-tepid-aloha-hawaii



[headlines]
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“Gimme that Wine”

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


California 2012 'outstanding'
http://www.decanter.com/news/wine-news/530609/california-2012-outstanding

The Alexander Valley wine good enough for Timberlake and Biel
http://healdsburg.towns.pressdemocrat.com/2012/11/news/the-alexander-valley-wine-good-enough-for-timberlake-and-biel/

Big Basin Vineyards offers humble vibe
http://www.sfgate.com/wine/tastingroom/article/Big-Basin-Vineyards-offers-humble-vibe-4024455.php

Wines That Make Friends Easily at a Crowded Thanksgiving Table
http://www.nytimes.com/2012/11/14/dining/reviews/wines-that-make-friends-easily-at-a-crowded-thanksgiving-table.html?ref=dining

 

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

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

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

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

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

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

This Day in History

       1732-The Library Company of Philadelphia signed a contract with its first librarian. Founded by Benjamin Franklin and friends in November 1731, the library enrolled members for a fee of 40 shillings but had to wait for its books to arrive from England before beginning full operation.
    1784-Samuel Seabury, 55, was consecrated Bishop of Connecticut and Rhode Island, the first bishop of the American Protestant Episcopal Church, and the first Anglican bishop in America.
    1803 -- American author Jacob Abbott born Hallowell, Maine.Abbott wrote the first fictional series for children, introducing many of the key types and techniques of series books, popularizing the genre virtually single-handedly, and wrote some of the earliest American juveniles deserving of the term "children's literature"
http://www.readseries.com/auth-a/ab-bio.html
http://www.merrycoz.org/bib/ABBOTT.HTM
    1832 - The first horse car (a streetcar drawn by horses) was displayed in New York City. The vehicle had room for 30 people in three compartments. The new service traveled Fourth Avenue between Prince and Fourteenth Streets. 
    1851 - “Call me Ishmael. Some years ago -- never mind how long precisely -- having little or no money in my purse, and nothing particular to interest me on shore, I thought I would sail about a little and see the watery part of the world...” Thus begins Herman Melville’s book "Moby-Dick; or, The Whale", which was first published in New York City by Harper & Brothers on this day. The complex, but rousing sea story tells the tale of a sea captain’s search for Moby Dick, the great white whale that had once crippled him. The story is told by sailor-narrator Ishmael. Through the pages of "Moby Dick", we meet Ishmael’s bunkmate Queequeg, a whale harpooner from Polynesia; learn everything there is to know about whaling in the nineteenth century; and, of course, about Captain Ahab and his obsession with Moby Dick.  In 1846, he published his first novel, Typee, based on his Polynesian adventures. His second book, Omoo (1847), also dealt with the South Seas. The two novels became popular, although his third, Mardi (1849), more experimental in nature, failed to catch on with the public. Melville bought a farm near Nathaniel Hawthorne's house in Massachusetts, and the two became close friends, although they later drifted apart. Melville wrote for journals and continued to publish novels. Moby Dick was coolly received, but his short stories were highly acclaimed. Putnam's Monthly published "Bartleby the Scrivener" in 1853 and "Benito Cereno" in 1855. In 1866, Melville won appointment as a customs inspector in New York, which brought him a stable income. He published several volumes of poetry. He continued to write until his death in 1891, and his last novel, Billy Budd, was not published until 1924. 
    1882-Gunslinger Franklin "Buckskin" Leslie shoots the Billy "The Kid" Claiborne dead in the streets of Tombstone, Arizona. (The name of one of Aaron Copland’s work, who’s birthday is today-1900)The town of Tombstone is best known today as the site of the infamous shootout at the O.K. Corral. In the 1880s, however, Tombstone was home to many gunmen who never achieved the enduring fame of Wyatt Earp or Doc Holliday. Franklin "Buckskin" Leslie was one of the most notorious of these largely forgotten outlaws. There are few surviving details about Leslie's early life. The first historical evidence of Leslie's life emerges in 1877, when he became a scout in Arizona. A few years later, Leslie was attracted to the moneymaking opportunities of the booming mining town of Tombstone, where he opened the Cosmopolitan Hotel in 1880. That same year he killed a man named Mike Killeen during a quarrel over Killeen's wife, and he married the woman shortly thereafter. Leslie's reputation as a cold-blooded killer brought him trouble after his drinking companion and fellow gunman John Ringo was found dead in July 1882. Some Tombstone citizens, including a young friend of Ringo's named Billy "The Kid" Claiborne, were convinced that Leslie had murdered Ringo, though they could not prove it. Probably seeking vengeance and the notoriety that would come from shooting a famous gunslinger, Claiborne unwisely decided to publicly challenge Leslie, who shot him dead. The remainder of Leslie's life was equally violent and senseless. After divorcing Killeen in 1887, he took up with a Tombstone prostitute, whom he murdered several years later during a drunken rage. Even by the loose standards of frontier law in Tombstone, the murder of an unarmed woman was unacceptable, and Leslie served nearly 10 years in prison before he was paroled in 1896. After his release, he married again and worked a variety of odd jobs around the West. He reportedly made a small fortune in the gold fields of the Klondike region before he disappeared forever from the historical record.
    1861 -- Historian Frederick Jackson Turner
(The Frontier in American History) born Portage, Wisconsin.
http://www.bgsu.edu/departments/acs/1890s/turner/turner.html
http://www.pbs.org/weta/thewest/people/s_z/turner.htm
    1900- birthday of American composer Aaron Copland , born at Brooklyn, NY. Incorporating American folk music and, later, the 12-tone system, he strove to create an American music style that was both popular and artistic. He composed ballets, film scores and orchestral works including Fanfare for the Common Man (1942), Appalachian Spring (1944) (for which he won the Pulitzer Prize) and the score for The Heiress (1948) (for which he won an Oscar) and “Billy the Kid.”
He died Dec 2, 1990, at North Tarrytown, NY.
http://memory.loc.gov/ammem/today/nov14.html
    1900-Ban Johnson, president of the minor Western League, announced his intention to upgrade its status to a major league and to change its name to the American League.
    1903- The first football game was played in the first football stadium, Harvard Stadium, Cambridge, MA. It was specifically build for football, made of concrete and the largest steel re-enforced concrete structure in the world at the time of construction. The stadium had a seating capacity of 40,000.
    1904 - Art Hodes Birthday
http://www.amazon.com/exec/obidos/ISBN%3D0252017536/107-7460879-4591723
    1906 -- Actress Louise Brooks born Cherryvale, Kansas. She is the fourth most written about actress (in terms of major magazine articles) after Clara Bow, Joan Crawford and Colleen Moore.
http://www.pandorasbox.com/
    1917- Storyville, also known as the District, New Orleans’s red-light district, a series of honky-tonks and sporting house, was shut down by the U.S. Navy The closing tended to drive jazz musicians out of New Orleans, up the river, including the Original Dixieland Jass Band that opened at Reisenweber’s Restaurant in New York City. In this year, the group made the first jazz recording, including “ Tiger Rag,” “Barnyard Blues, “ Clarinet Marmalade, “: At the Jazz Band Ball, and “Reisenweber Rag.”
    1919-Birthday of Constance Frances Marie Ockleman, later known as Veronica Lake, born in Brooklyn, N.Y. Lake began appearing in films under the name Constance Keane in 1939; in 1941, she changed her name and was soon a major Hollywood draw, frequently starring opposite Alan Ladd in films like This Gun for Hire (1942), The Glass Key (1942), and The Blue Dahlia (1946). Her career took a nosedive in the late 1940s and early 1950s. She and her husband, director Andre de Toth, filed for bankruptcy. Lake stopped acting and allegedly drank heavily. In the 1960s, a reporter discovered her working at a hotel bar in New York. She later began acting again in small roles and published an autobiography in 1969. She died of hepatitis in 1973. 
    1934-Birthday of pianist Ellis Marsalis, New Orleans, LA
http://www.nathanielturner.com/ellismarsalis.htm
http://www.louisianamusic.org/ELMBioandDiscog.html
    1934-Under the direction of Leopold Stokowski, who was conducting the Philadelphia Orchestra at the Academy of Music, Philadelphia, PA, the symphony No. 1, known as the Negro Folk Symphony, composed by the African-American conductor William Levi Dawson was presented. 
http://www.africanpubs.com/Apps/bios/0759DawsonWilliam.asp?pic=none
    1935 - President Roosevelt proclaimed the Philippine Islands a free commonwealth. Manuel Luis Quezon was sworn in as the first Filipino president, as the Commonwealth of Philippines was inaugurated.
    1942 - Off the coast of Guadalcanal, Admiral Tanaka turns south with his destroyers and transports and comes under heavy air attack from both Henderson Field and planes from the USS Enterprise. Seven of the transports and two warships are lost. He continues his advance throughout the night and manages to sail his remaining transports to Tassafaronga. However, more of the Japanese troops are killed by air attack while disembarking. Meanwhile, the second battle of Guadalcanal gets underway shortly before midnight. The Japanese covering force supporting the convoy, led by Admiral Kondo ( with the battleship Kirishima, four cruisers and nine destroyers), encounters US Task Force 64, under the command of Admiral Lee ( with the battleships Washington and South Dakota and four destroyers). The battle begins with damage to the South Dakota. It is forced from the battle. A seven minute burst of fire from the USS Washington sinks the Kirishima. Control of the seas around Guadalcanal is passing to the Americans. Supply problems are mounting for the Japanese, who will now be forced to make considerable use of submarines to transport supplies. Already many of the Japanese troops are ill and hungry.
    1942---BAUER, HAROLD WILLIAM Medal of Honor
Rank and organization: Lieutenant Colonel, U.S. Marine Corps. Born: 20 November 1908. Woodruff, Kans. Appointed from: Nebraska. Citation: For extraordinary heroism and conspicuous courage as Squadron Commander of Marine Fighting Squadron 212 in the South Pacific Area during the period 10 May to 14 November 1942. Volunteering to pilot a fighter plane in defense of our positions on Guadalcanal, Lt. Col. Bauer participated in 2 air battles against enemy bombers and fighters outnumbering our force more than 2 to 1, boldly engaged the enemy and destroyed 1 Japanese bomber in the engagement of 28 September and shot down 4 enemy fighter planes in flames on 3 October, leaving a fifth smoking badly. After successfully leading 26 planes on an over-water ferry flight of more than 600 miles on 16 October, Lt. Col. Bauer, while circling to land, sighted a squadron of enemy planes attacking the U.S.S. McFarland. Undaunted by the formidable opposition and with valor above and beyond the call of duty, he engaged the entire squadron and, although alone and his fuel supply nearly exhausted, fought his plane so brilliantly that 4 of the Japanese planes were destroyed before he was forced down by lack of fuel. His intrepid fighting spirit and distinctive ability as a leader and an airman, exemplified in his splendid record of combat achievement, were vital factors in the successful operations in the South Pacific Area.
    1943 -- During World War II, President Franklin D. Roosevelt, Secretary of State Cordell Hull, and all of America's top military brass, narrowly escape disaster aboard the U.S. battleship Iowa, when a live torpedo is accidentally fired at them from a U.S. destroyer. To demonstrate to the president the defensive abilities of the Iowa, the battleship launches a series of weather balloons to use as anti-aircraft targets. Men on the nearby destroyer William D. Porter, under Captain Jesse Walker, are ordered to battle stations and begin shooting down the balloons that the Iowa had missed. Better yet, a simulated torpedo firing was ordered, and the torpedo room obliged. Unfortunately, torpedoer Lawton Dawson neglected to disarm torpedo tube #3, and an armed torpedo was fired at the Iowa. The Iowa rapidly began evasive maneuvers, as all guns were turned on the Porter. Word of the firing reached Roosevelt, who asked that his wheelchair be moved to the ship's railing so that he could watch the torpedo's approach. It exploded behind the ship's massive wake. The Porter is ordered to return to Bermuda, and Captain Walker and the entire crew are arrested by a force of Marines upon docking. President Roosevelt intervened and the ship was kidded throughout the fleet with signs saying, “Don’t Shoot, We’re Republicans.” On 10 June 1945, the Porter's hard luck finally ran out. She was sunk by a plane which had (unintentionally) attacked underwater. A Japanese bomber almost made entirely of wood and canvas slipped through the Navy's defense. Having little in the way of metal surfaces, the plane didn't register on radar. A fully loaded kamikaze, it was headed for a ship near the Porter, but just at the last moment veered away and crashed along side the unlucky destroyer. There was a sigh of relief as the plane sunk out of sight, but then it blew up underneath the Porter, opening her hull in the worst possible location. Three hours later, after the last man was off board, the Captain jumped to the safety of a rescue vessel and the ship that almost changed world history slipped astern into 2400 feet of water. Not a single soul was lost in the sinking. After everything else that happened, it was almost as if the ship decided to let her crew off at the end.
http://bobrosssr.tripod.com/porterstory.html
    1943-Sid Luckman of the Chicago Bears became the first professional quarterback to pass for more than 400 yards in a single game, throwing for 433 yards and seven touchdowns as the Bears walloped the New York Giants, 56-7.
    1944 - An outstanding array of musicians gathered in Hollywood to record a classic. Tommy Dorsey and orchestra made "Opus No. 1", Victor record number 20-1608. Buddy Rich was the drummer in the session, Buddy DeFranco on sac and clarinet, and Nelson Riddle played trombone on the Sy Oliver arrangement. 
    1944-Birthday of pianist George Cables, Brooklyn, NY.
    1945---Top Hits
It’s Been a Long, Long Time - The Harry James Orchestra (vocal: Kitty Kallen)
Till the End of Time - Perry Como
I’ll Buy that Dream - The Pied Pipers
With Tears in My Eyes - Wesley Tuttle
    1953---Top Hits
Ebb Tide - The Frank Chacksfield Orchestra
Rags to Riches - Tony Bennett
Many Times - Eddie Fisher
There Stands the Glass - Webb Pierce
    1954-Birthday of Condoleezza Rice, US National Security Adviser to President George Bush, Birmingham, AL.
    1954-Birthday of new age composer Yanni, born Yanni Chrysomalis, Kalamata, 
Greece. He made a big hit of musical cd’s sold via television commercials.
    1957 -- Twenty underworld kingpins stage "Crime Convention" in Appalachia, New York
    1959 - The eruption of Kilauea Iki Crater (Nov 14-Dec 20, 1959) on the Big Island of Hawaii was a relatively brief event, but produced some of Kilauea’s most spectacular lava fountains of the 20th century. (The current Pu`u `O`o-Kupaianaha eruption of Kilauea began in 1983). 
    1960--- Elvis Presley's latest single, "It's Now or Never," sells 780,000 copies in the UK during its first week of release, making it the fastest-selling song in the country's history.
    1960--- Drummer Cozy Cole of "Topsy" fame is sent by the US State Department on a 20-week goodwill tour of Africa
    1960- Ray Charles' "Georgia on My Mind" hits #1
    1961---Top Hits
Big Bad John - Jimmy Dean
Fool #1 - Brenda Lee
Tower of Strength - Gene McDaniels
Walk on By - Leroy Van Dyke 
    1961 - The Elvis Presley film ``Blue Hawaii'' premieres.
    1961 - President Kennedy increased the number of American advisors in Vietnam from 1,000 to 16,000.
    1964 - Gordie Howe of the Detroit Red Wings set a National Hockey League record as he scored his 627th career goal in a game against Montreal.
    1964 - With the help of a fresh three inch cover of snow, the temperature at Ely, NV, dipped to 15 degrees below zero to establish an all-time record low for the month of November. That record of -15 degrees was later equaled on the 19th of November in 1985. 
    1965--CAPTAIN ED W. FREEMAN Medal of Honor
United States Army; for conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty: Captain Ed W. Freeman, United States Army, distinguished himself by numerous acts of conspicuous gallantry and extraordinary intrepidity on 14 November 1965 while serving with Company A, 229th Assault Helicopter Battalion, 1st Cavalry Division (Airmobile). As a flight leader and second in command of a 16-helicopter lift unit, he supported a heavily engaged American infantry battalion at Landing Zone X-Ray in the Ia Drang Valley, Republic of Vietnam. The unit was almost out of ammunition after taking some of the heaviest casualties of the war, fighting off a relentless attack from a highly motivated, heavily armed enemy force. When the infantry commander closed the helicopter landing zone due to intense direct enemy fire, Captain Freeman risked his own life by flying his unarmed helicopter through a gauntlet of enemy fire time after time, delivering critically needed ammunition, water and medical supplies to the besieged battalion. His flights had a direct impact on the battle's outcome by providing the engaged units with timely supplies of ammunition critical to their survival, without which they would almost surely have gone down, with much greater loss of life. After medical evacuation helicopters refused to fly into the area due to intense enemy fire, Captain Freeman flew 14 separate rescue missions, providing life-saving evacuation of an estimated 30 seriously wounded soldiers -- some of whom would not have survived had he not acted. All flights were made into a small emergency landing zone within 100 to 200 meters of the defensive perimeter where heavily committed units were perilously holding off the attacking elements. Captain Freeman's selfless acts of great valor, extraordinary perseverance and intrepidity were far above and beyond the call of duty or mission and set a superb example of leadership and courage for all of his peers. Captain Freeman's extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit upon himself, his unit and the United States Army.
     1965-MARM, WALTER JOSEPH, JR. Medal of Honor
Rank and organization: First Lieutenant (then 2d Lt.), U.S. Army, Company A, 1st Battalion, 7th Cavalry, 1st Cavalry Division (Airmobile). place and date: Vicinity of la Drang Valley, Republic of Vietnam, 14 November 1965. Entered service at: Pittsburgh, Pa. Born: 20 November 1941, Washington, pa. G.O. No.: 7, 15 February 1967. Citation: For conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty. As a platoon leader in the 1st Cavalry Division (Airmobile), 1st Lt. Marm demonstrated indomitable courage during a combat operation. His company was moving through the valley to relieve a friendly unit surrounded by an enemy force of estimated regimental size. 1st Lt. Marm led his platoon through withering fire until they were finally forced to take cover. Realizing that his platoon could not hold very long, and seeing four enemy soldiers moving into his position, he moved quickly under heavy fire and annihilated all 4. Then, seeing that his platoon was receiving intense fire from a concealed machine gun, he deliberately exposed himself to draw its fire. Thus locating its position, he attempted to destroy it with an antitank weapon. Although he inflicted casualties, the weapon did not silence the enemy fire. Quickly, disregarding the intense fire directed on him and his platoon, he charged 30 meters across open ground, and hurled grenades into the enemy position, killing some of the 8 insurgents manning it. Although severely wounded, when his grenades were expended, armed with only a rifle, he continued the momentum of his assault on the position and killed the remainder of the enemy. 1st Lt. Marm's selfless actions reduced the fire on his platoon, broke the enemy assault, and rallied his unit to continue toward the accomplishment of this mission. 1st Lt. Marm's gallantry on the battlefield and his extraordinary intrepidity at the risk of his life are in the highest traditions of the U.S. Army and reflect great credit upon himself and the Armed Forces of his country.
    1965 - US government sent 90,000 soldiers to Vietnam.
    1965--CRANDALL, BRUCE P. Medal of Honor
Rank and Organization: Major, U.S. Army, Company A, 229th Assault Helicopter Battalion, 1st Cavalry Division (Airmobile). Place and dates: Ia Drang Valley, Republic of Vietnam, 14 November 1965. Place and date of birth: Olympia, Washington, 1933. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty: Major Bruce P. Crandall distinguished himself by extraordinary heroism as a Flight Commander in the Republic of Vietnam, while serving with Company A, 229th Assault Helicopter Battalion, 1st Cavalry Division (Airmobile). On 14 November 1965, his flight of sixteen helicopters was lifting troops for a search and destroy mission from Plei Me, Vietnam, to Landing Zone X-Ray in the Ia Drang Valley. On the fourth troop lift, the airlift began to take enemy fire, and by the time the aircraft had refueled and returned for the next troop lift, the enemy had Landing Zone X-Ray targeted. As Major Crandall and the first eight helicopters landed to discharge troops on his fifth troop lift, his unarmed helicopter came under such intense enemy fire that the ground commander ordered the second flight of eight aircraft to abort their mission. As Major Crandall flew back to Plei Me, his base of operations, he determined that the ground commander of the besieged infantry batallion desperately needed more ammunition. Major Crandall then decided to adjust his base of operations to Artillery Firebase Falcon in order to shorten the flight distance to deliver ammunition and evacuate wounded soldiers. While medical evacuation was not his mission, he immediately sought volunteers and with complete disregard for his own personal safety, led the two aircraft to Landing Zone X-Ray. Despite the fact that the landing zone was still under relentless enemy fire, Major Crandall landed and proceeded to supervise the loading of seriously wounded soldiers aboard his aircraft. Major Crandall's voluntary decision to land under the most extreme fire instilled in the other pilots the will and spirit to continue to land their own aircraft, and in the ground forces the realization that they would be resupplied and that friendly wounded would be promptly evacuated. This greatly enhanced morale and the will to fight at a critical time. After his first medical evacuation, Major Crandall continued to fly into and out of the landing zone throughout the day and into the evening. That day he completed a total of 22 flights, most under intense enemy fire, retiring from the battlefield only after all possible service had been rendered to the Infantry battalion. His actions provided critical resupply of ammunition and evacuation of the wounded. Major Crandall's daring acts of bravery and courage in the face of an overwhelming and determined enemy are in keeping with the highest traditions of the military service and reflect great credit upon himself, his unit, and the United States Army.
    1966 - Boxing’s largest indoor crowd assembled in the Houston Astrodome to see Cassius Clay defeat Cleveland Williams -- by a TKO. 
    1967 - The Monkees received a gold record for "Daydream Believer". 
    1967-Brave and reportedly well-liked Major General Bruno Arthur Hochmuth, commander of the 3rd Marine Division, was killed at Hue, Vietnam, when ground fire downed the helicopter in which he was a passenger. Two American pilots, an American crew chief, and a Vietnamese interpreter were also killed in the crash.
    1969- Apollo 12, a space milestone launched this date. This was the second manned lunar landing—in Ocean of Storms. First pinpoint landing. Astronauts Conrad, Bean and Gordon visited Surveyor 3 and took samples. Earth splashdown November 24.
    1969---Top Hits
Wedding Bell Blues - The 5th Dimension
Come Together - The Beatles
Baby It’s You - Smith
To See My Angel Cry - Conway Twitty
    1970-Birthday of Dana William Stubblefield, San Francisco 49ers, born, Cleves.OH.
    1970--Santana's "Black Magic Woman" is released.
    1972- the Dow-Jones Index of 30 major industrial stocks topped the 1,000 mark for the first time.
    1972 - No. 1 Billboard Pop Hit: ``I Can See Clearly Now,'' Johnny Nash.
    1974 - A storm produced 15 inches of snow at the Buffalo, NY, airport, and 30 inches on the south shore of Lake Erie. 
    1975 - "They Just Can’t Stop It (The Games People Play)" became a gold record for the Spinners. Their other hits include "Then Came You" (with Dionne Warwicke), "Could It Be I’m Falling in Love", "The Rubberband Man", "Working My Way Back to You", "Cupid", "It’s a Shame" and "I’ll Be Around" -- for Motown. 
    1977---Top Hits
You Light Up My Life - Debby Boone
Boogie Nights - Heatwave
It’s Ecstasy When You Lay Down Next to Me - Barry White
More to Me - Charley Pride
    1981 - Paul ‘Bear’ Bryant tied the record of Amos Alonzo Stagg for most football wins. The Alabama Crimson Tide notched win #314 for Coach Bryant. Alabama beat Penn State, 31-16. 
    1981 - For the second week in a row, Daryl Hall and John Oates owned the top spot on the pop music charts with "Private Eyes".
    1982 - No. 1 Billboard Pop Hit: ``Up Where We Belong,'' Joe Cocker & Jennifer Warnes. The single wins an Oscar as the theme of ``An Officer and a Gentleman.'
    1985—Top Hits
Miami Vice Theme - Jan Hammer
Head over Heels - Tears For Fears
You Belong to the City - Glenn Frey
Can’t Keep a Good Man Down – Alabama
    1986 - The U.S. Securities and Exchange Commission announced that Ivan Boesky would have to pay $100 million in fines and alleged profits to settle insider-trading charges against him. The settlement was just $6 million less than the entire S.E.C. budget for 1986. Until 1986, Ivan Boesky was one of wealthiest and most successful figures on Wall Street. But, after November 14, 1986, his name was inextricably linked with the scandal and corruption that engulfed the industry during the 1980s. After prison, Boesky divorced his wife and relocated to La Jolla, California. In contrast to Milken and others involved, Boesky has largely avoided public attention since the scandal, though he has surfaced to testify in still-unresolved legal proceedings. History is full of people who manipulated the system such as Enron, Worldcom, Kozlowski, to just a few recent ones.
    1986 - An early season cold wave set more than 200 records from the northwestern U.S. to the east coast over a seven day period. For some places it proved to be the coldest weather of the winter season.
    1986 - An early season cold wave set more than 200 records from the northwestern U.S. to the east coast over a seven day period. For some places it proved to be the coldest weather of the winter season. 
    1987--- In an initially awkward but eventually moving live event, David Letterman convinces guest Cher to sing "I Got You Babe" just one more time with embittered ex Sonny Bono on his NBC-TV Late Night program. Both Sonny and Cher are left in tears, though no reunion is forthcoming.
    1987-- A major oldies revival crests today, when the soundtrack to the hit Patrick Swayze film Dirty Dancing -- set in 1963 and featuring many hits of the day -- rises to Number One on the Billboard charts.
    1988- "Murphy Brown" premiered on television. The series lasted ten years. The show often blurred the lines between reality and fiction by dealing with topical issues and including real-life journalists as guests stars playing themselves. Former Vice-President Dan Quayle made a major issue about the character Murphy Brown being an un-married mother. Set in Washington, DC, starred Candice Bergen starred in the title role, as an egotistical, seasoned journalist working for the fictitious TV newsmagazine show “FYI.” Also featured were Grant Shaud as the show’s high-strung producer, Miles Silverberg (later replaced by Lily Tomlin), Faith Ford as the former Miss America, Corky Sherwood (and later Miles’ bride), Joe Regalbuto as Murphy’s neurotic friend, reporter Frank Fontana, Charles Kimbrough as “FYI”’s uptight anchorman, Jim Dial and Pat Corley as Phil, owner of the local watering hole. Colleen Dewhurst appeared as Murphy’s mother and Robert Pastorelli appeared as Eldin Bernecky, perfectionist housepainter and aspiring artist (he left the series for his own show). The show often blurred the lines between reality and fiction by dealing with topical issues and by including real-life journalists as guest stars playing themselves. The series ended with the May 31,1998 episode.
    1987 - The "Dirty Dancing" movie soundtrack was the number one album in the U.S. It was number one for a total of eighteen weeks. The remainder of the top-five that week: 2)-"Tunnel of Love" (Bruce Springsteen); 3)-"Bad" (Michael Jackson); 4)-"Whitesnake" (Whitesnake); 5)-"A Momentary Lapse of Reason" (Pink Floyd).
    1988 - A massive storm produced snow and gusty winds in the western U.S., with heavy snow in some of the higher elevations. Winds gusted to 66 mph at Show Low AZ, and Donner Summit, located in the Sierra Nevada Range of California, was buried under 23 inches of snow. Heavy rain soaked parts of California, with 3.19 inches reported at Blue Canyon
    1989 - Unseasonably warm weather prevailed east of the Rockies. Temperatures reached 70 degrees as far north as New England, and readings in the 80s were reported across the southeast quarter of the nation. Nineteen cities reported record high temperatures for the date. For the second time in the month Dallas/Fort Worth TX equalled their record for November with an afternoon high of 89 degrees. The high of 91 degrees at Waco TX was their warmest of record for so late in the season. Heavy snow blanketed parts of Wyoming overnight, with a foot of snow reported at Cody, and ten inches at Yellowstone Park.
    1993- head coach Don Shula of the Miami Dolphins won the 325th game of his career as the Dolphins defeated the Philadelphia Eagles, 19-14. The victory moved Shula past George Halas as the “winningist” coach in NFL history. Shula concluded his coaching career in 1995 with a record of 347 wins, 173 losses and 6 ties.
    1994-Bill Gates paid $30.8 million for a sixteenth-century Leonardo da Vinci manuscript, which depicted the motion of water and the principles of the steam engine. Gates' bid tripled the existing price for similar items. Beating out Italian bidders who had pledged to bring the treasure back to its home in Italy, Gates promised to leave the manuscript on public display at least fifty percent of the time. The manuscript, last sold to the Armand Hammer Museum of Art and Cultural Center, had fetched a mere $5.6 million in 1980.
    2000 --Y2K countdown: 47 days, 2 hours, 43 minutes.
http://www.cpsr.org/program/y2k/
    2001- For the second time in his career, Seattle skipper Lou Piniella is named the American League Manager of the Year. 'Sweet Lou', the only person to appear on every ballot, guided to the Mariners to an historical 116 victories which tied 1906 Cubs as the winningest team in major league history. 
    2002-Nancy Pelosi became the 1st woman to lead a party in the US Congress after Democrats voted 177-29 in support of the liberal from SF.

 

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Top Stories

(chronological order)


- Colford Capital Acquires Equilease Financial Services
- Element Acquires CoActive Capital from Marubeni
- What You Missed in Marlin Leasing’s Last Press Release
- Alexa Rates Web News Standings
- Third-IFC Credit Trustee, Northfield, Illinois
   Bulletin Board Complaint
- Hitachi Capital America Corp. Acquires Hennessey Capital
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint
- Clean Energy Lease Gets $32 Million Dirty
- East West Bank to cut back Healthcare Leases/Loans?
- Four Software Solutions
    re: Digital device/Laptop Lost or Stolen!
- Excellent Tips by Warren Buffet
- Take Your Banker to Lunch
- Bulletin Board Complaint
    Truck Lenders Group/TruckLendersUSA
- GE Falls as Sales Forecast Cut on Shrinking Finance Unit
- Three Year Audit---and yes, Leasing is Regulated!
- U.S. Bancorp Lease Financing Receivables Charge Off
- Meridian Finance Group Looking Brokers for Europe Biz
- Is Leasing Securitization Dead or Alive?
- "My Three Years with Sheldon Player"
- Why Leasing News is Different
- Nine Month BBB Leasing Company Ratings
  Changes since July 6, 2012
- Bulletin Board Complaints by Kit Menkin
- Operation Lease Fleece--Up-Date October 2012
- Now is the Time! Go for it!!!
   by Christopher Menkin, Editor
- America’s Most Wealthy States
- America’s Poorest States
- New ---IFC Credit BK Trustee Complaint
   Bulletin Board Complaint ---From Bob Robichaud, CLP
- IFC Credit Trustee, Northfield, Illinois
   Bulletin Board Complaint
- Mazuma and Republic Bank Get Snared on PRR Provision
   by Tom McCurnin, Esq.
- Companies who utilize Evergreen Clauses for Extra Lease Payments
- "The Memory Shock"
   by Barry Reitman
- Brican America---September 2012 Update
- Jeff Taylor's Leasing Predictions, Spring, 2006
- Exchange Bank Misses TARP payment
- The Top 50 Restaurant Franchise Brands
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint
   Purchase Option on EFA, Won’t Return $5,000 S.D.
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Marlin 1st Time Net Income Exceeds Evergreen Income
- Lessor Escapes NY Evergreen Clause Class Action
- Proposed Changes in Lease Accounting
   Lease Project Pain Part of Larger Frustrations
- Largest remaining TARP investments in banks & thrifts
   By Aarti Kanjani, SNL Financial
- New Aggregate Funding Process---and it connects!
- KeyCorp plans big cost cuts
    as it reports lower 2nd Q earnings
- 10 Places to Look for Leasing Business
- New Bank Leasing Companies and others, too
- Quest for Volume and Market Perceptions
   Driving Up Leasing Hiring Demand in Q2
- 30 Days---No Response!
   ---re: Marlin Bulletin Board Complaint
- "Pre-Funding of Leasing" ruling
   By Scott D. Chait, Esq.
- Bulletin Board Complaint
   Integrity Financial Groups, Murray, Utah
- Ten Lawyers Against Evergreen Clause Abuse
- Republic Bank out of leasing?
- 2012's Best Franchise Deals
    QSRmagazine.com
BBB Ratings, July, 2012
Alexa Rating---Leasing News #1
Ladco Leasing/Elavon Fined $418,601
- Top Leasing Web Sites---Updated
- John Otto's HL Leasing Ponzi Scheme Update
- IFC Credit--Rudy Trebels June 2012 Update

- Future of Mobile Devices
- Charles Schwartz and Allied Health
- Why I became a CLP
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Results Are In---
   "Application Only" versus Financial Statements?
- A California Leasing Gypsy Arrested by Costa Mesa Police
- Survey of Evergreen Clauses
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

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

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