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Classified Ads----Outsourcing

    Hugh Remembered---

        Next Monday--The Deal is in the Details


            Harris Bank Reaches out to Unbanked                             

                Cartoon from Cindy Spurdle, CLP Foundation

                    Will it Float? Or Will it Sink?

                        Leasing Industry Help Wanted

           Best Resource

                "ELA PR Program Keeping the Message Alive"

            Capital Stream/NetSol Technologies

        News Briefs---

    California Nuts Briefs---

"Gimme that Wine"

    This Day in American History



This Border ##### Denotes Press Release (Not Written By Leasing News)



Classified Ads----Outsourcing


Backroom: All Locations

Are you a broker or a rep for a major lessor? Want to just market and leave the backroom an packaging functions to us? Call us.


Backoffice: Atlanta , GA. GlobalTech Portfolio Services provides world class lease, loan administration and asset management for equipment and vehicles. Current portfolios $1 billion. Contact Alan Zeppenfeld 678-816-2216


Back Office: Atlanta, GA. Let Tax Partners handle your sales and use tax compliance duties w/less risk and cost than in-house. Largest tax compliance firm in US E-


Backoffice: Dallas, TX.

Property Tax and sales and use tad administration services performance is guaranteed and we will save you time and money or our service is free.



Backoffice: Indianapolis, IN

IntegraLease,LLC specializes in delivering customized back-office lease portfolio admin./ ASP services for lessors, banks, manufacturer captives: other financial institutions. Paul Henkel (317) 251-5352 ex. 7201



Back Office: Laughlin, NV. 20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved.


Back Office: Northbrook, IL

Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc. E-


Back Office: San Rafael, CA

We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management. E-


   To View all our Outsourcing ads, please go here:


          To Place a “free” outsourcing ad:







Hugh Remembered---

Hugh with his wife Lynne.


L Hugh Bennett was born January 14, 1931 in Davenport, Iowa. He graduated East High School in Denver, Co. in 1948. Spent four years in the Navy, with MATS, during the Korean War and graduated with a bachelor's degree from the University of San Francisco in 1958.  After 12 years with General Electric Corp., Hugh spent several years with Laurentide Leasing, GE Leasing and President of Finance for AW Restaurants, where he activated their leasing arm.


Hugh founded HB Enterprises in 1973 and enjoyed many very successful years establishing himself and his leasing company as a reputable firm with impeccable integrity.  His wife, Lynne, joined the business in 1983.


Hugh loved Jazz, Gardening, Scuba Diving in Mexico, long walks in San Francisco and on Venice Beach, and meeting new people. He died of Cancer on October 24,2003 and will be sorely missed by his wife of 35 years, Lynne, of Los Angeles.  Hugh is survived by his nephew, Stacy W. Shonk, his wife Sharon Reid-Shonk and their newborn son, Oliver, of Vallejo and sister-in-law, Denzille Shonk, nieces, Lori Romero, Alison Pacheco, Lesley Munson, and nephew, Keith Stone, and several great nieces and nephews, all residents of the San Francisco Bay Area.



“I am sorry to hear about Hugh's passing. He was quite a guy. It seems as

though he was in this business forever. He was always around the association

meetings with a smile on his face and a "How ya doin." I always enjoyed

talking to him and discussing the state of our industry. He was always soft

spoken and never talked your ear off but he had a lot to say that was worth

while listening to. He was one of the good guys.”


W. Russell Runnalls, CLP


Markay Financial Corporation

20407 Strathern Street

Canoga Park, CA  91306






**** announcement *********************************


Next Monday----The Deal is in the Details





WHERE: RAMADA INN, 324 East Shaw,

Fresno, CA 93710

Tel: 559 224-4040

TIME: 9:00 a.m. to 4:00 p.m. (lunch on your own)




    How to read and interpret your prospect's financial statements.

    How to qualify your prospects.

    How funders look at full disclosure transactions.

    How to understand what the real story is in your story credit.

    How to explain your deal to your credit manager or funder.

    How to make the best use of your selling time.



The class will be presented by Bob Teichman, CLP, an industry veteran celebrating his 40th year in the equipment leasing business.


COST: $245 (first attendee from a company)

$225 (for each additional attendee from a company)


For more information call: 415 331-6445 or e-mail


Pre-register by sending your check to:

Bob Teichman, CLP

Teichman Financial Training

3030 Bridgeway, Suite 213

Sausalito, CA 94965

Tel: 415-331-6445




Registration at the door on a space-available basis only.


"Providing education and training to the equipment leasing and financing industry



**** announcement *********************************




  New York and Chicago Course Offerings




Financial Statement Analysis for Banks and Non-Banks

Harris Bank Reaches out to Unbanked




Credit Fundamentals

New York: November 17 - 21, 2003 - $2,750 per person



Introduction to Securitization and ABS

New York: November 21, 2003 - $1,200 per person


.Insurance Company Analysis

Chicago: November 17 - 18, 2003 - $2,800 per person

Emerging Market Banks and Sovereigns

Chicago: November 19 - 20, 2003 - $2,700 per person

US Bank Analysis

Chicago: November 19 - 20, 2003 - $2,200 per person

Financial Statement Analysis for Insurance Companies

New York: December 8, 2003 - $1,375 per person

Insurance Company Analysis

New York: December 9 - 10, 2003 - $2,800 per person


Should you have any questions regarding the above programs or be interested in having a similar course tailored to the specific needs of your organization, please contact me on 011 44 207 376 2406


Sharon Jones

Course Co-ordinator


Fitch Training

10 Adam & Eve Mews


W8 6UJ

Tel: + 44 (0)20 7376 2406



**** announcement **********************************



Harris Bank Reaches out to Unbanked


 Harris Bank, a community bank network in Illinois, implemented a new ATM product in Chicago geared to the "unbanked" market.


 The  product allows people who do not have a bank account to cash paychecks, send money or buy money orders at ATM machines. The  vendor for the product, California-based Infonox, also signed on with Bank of America for a similar ATM service earlier this year.


 Harris  Bank is a subsidiary of BMO Financial Group, a diversified $156 billion financial services institution.






Cartoon from Cindy Spurdle, CLP Foundation







Will it Float? Or Will it Sink?



One World (Leasing Co-Op) is down to five core members, but about to

add a professional executive director, president.  The group decided they

were going in too many directions and their problem was a “lack of leadership.”

The committee decided they needed a “chairperson.”




Louis Schneider, former partner of Preferred Capital, is  into his second year of

law school, apparently in New England “ ...and apparently loves it.  He is in semi-hiding while attending school so nobody knows which school he’s attending. He is enjoying his time away from leasing.” 




We’re looking for Mr. Schneider former partner, David Murray.  We are told

the last company he was working for may be in a lot of trouble with the

California Attorney General, among others.  Trying to not only trace

him down, but see if he will make a comment about why he left.




Look for a major leasing company to start a “broker division.” Going

against the tide, they are about to hire a top person to run it.  We hope

to be the first to make the announcement.




“When you described me as "urbane" at times when saying I would cover the

NAELB show, I thought I had a new disease. After looking up urbane in

the dictionary, I think you have the wrong person. It should be a good

meeting and I'll send you the report sometime on Sunday before you go to

press for Monday. Take care, Charlie”


Charlie Lester


(Charlie will be covering the National Association of Equipment Leasing

Brokers conference.  I hope the president, board, and other members will

be courteous to this “Southern Gentleman.”  (  “Urbane is evidently not

for him:




adj 1: showing a high degree of refinement and the assurance that comes from wide social experience; "his polished manner"; "maintained an urbane tone in his letters" [syn: polished, refined, svelte] 2: characterized by tact and propriety 3: marked by wide-ranging knowledge and appreciation of many parts of the world arising from urban life and wide travel; "the sophisticated manners of a true cosmopolite"; "urbane and pliant...he was at ease even in the drawing rooms of Paris" [syn: sophisticated]



(You might be able to “walk-in” to the conference,  but if anyone gives you trouble, ask for Bob Bell---He is a good friend of mine and I know he will accommodate you.

Kit Menkin.)


November 7-8, 2003
Sheraton Gateway Hotel — Atlanta Airport
1900 Sullivan Rd.
College Park, GA 30274

  • Schedule of Events (.pdf version)
  • Registration Form (.pdf version)

Topics to Include:

California Licensing Law T Value 5
Community Bank Leasing Programs
Impact of the new tax laws on leasing
Increasing Broker Stability & Profitability with Relationships




Northern California United Association of Equipment Lessors look for

a Christmas party on 12/10/03 in Walnut Creek at McCovey's from 4-6.

Food compliments of Bank of Walnut Creek and a no host bar.

They have a lot of money, so this will be a good one to attend.

Write the date down now.





$19.95 for Current DSL Subscribers in California, Illinois, and Maryland.

Up-grade to Comcast for this 12 month price.  1-877-508-9958



This offer is only available in California, Illinois and Maryland. Speed comparisons are for downloads  only and are compared to 768Kbps DSL and/or 56K dial-up. Upstream speed limited to 256Kbps  Many factors affect speed. Actual speeds vary and are not guaranteed. Offer available to new residential  customers who are currently subscribers of a DSL internet service provider, who are also in Comcast  Cable wired and serviceable areas only. Customer must honor existing contract obligations. Customers

 must present a current DSL internet service provider bill at the time of Comcast High-Speed Internet  installation. New Comcast High-Speed Internet customers only. Receive first 12 months of service for  $19.95/month after service activation. After promotional period, regular monthly service and equipment  charges apply. Rates vary for non Comcast Cable subscribers. Cable modem and other equipment

 required and not included. Not combinable with other offers. Installation options and prices vary by  service area. Free professional installation limited to connection of one existing unused data outlet to a  cable modem. Ethernet device may be required for service at an additional fee. Custom installation  charges are additional. Prices do not include applicable taxes or franchise fees. Offer expires 11/30/03.

 Subject to Comcast Online Subscriber Agreement. Limited 30-day money back guarantee covers the  following: Comcast's standard installation charges, one month Comcast High-Speed Internet service and  modem rental or purchase fees actually paid when service is cancelled within 30 days. All equipment  provided by Comcast must be returned in its original condition less reasonable wear and tear. Limited

 guarantee limited to reimbursement of charges actually paid. Call Comcast for details and restrictions.


 Offer expires 11/30/03.





                     Leasing Industry Help Wanted



Credit: Well established, highly respected funding source seeks experienced credit officer for unique broker oriented small ticket leasing operation located in San Diego,CA.

About the Company:


Documentation/Credit--customer service, general office, part-time to full-time, computer knowledge necessary, looking for a bright, fun person for small staff in Santa Clara, California fax resume 800-727-3851 or e-mail:

About the Company: American Leasing is a 32 year old lessor/broker with mostly repeat business.

Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to and reference leasingnews in subject line.

SALES: Los Angeles, CA. Successful leasing company in business 10+years seeking experienced sales professional in vendor programs.Generous commissions,benefits and growth potential.


Seeks experienced small ticket B2B leasing sales professionals in the western U.S. Very generous commission sharing with salary draw and benefits. Resumes




### Press Release ###########################  Named as a Business Best Resource


("  The Lease Assistant Lessor Directory can be used to find a company to match your leasing needs. All companies in the directory are among the more than 800 members of the Equipment Leasing Association of America and follow its Code of Fair Business Practices."}



-Arlington, Virginia-The Equipment Leasing Association (ELA)

is proud to announce its informational portal for financial

decision-makers,, was recently named to

the BizBest100 for 2004.  The site will be profiled in the upcoming

paperback edition of The 100 Best Resources for Small Businesses.


The BizBest100, published by BizBest Media, is a resource for small

businesses seeking tools and resources to run their businesses to

maximum efficiency and profitability. BizBest Media publishes resource

and solutions information in a variety of formats and accepts no

advertising, sponsorships or paid listings of any kind. 


Small businesses looking for support in determining whether or not

equipment leasing is a best option should visit

The site contains a glossary of terms, a database of leasing companies,

a lease versus buy analysis, the ten questions to ask before signing a

lease, and more.


"We are delighted to receive this recognition," said Amy Miller Holmes,

CAE, ELA's Vice President of Communications and site manager. "We knew

the Lease Assistant site has been a destination for many small

businesses and a resource for the news media, but getting recognition

from a media organization dedicated to serving small business owners and

start-up entrepreneurs shows we are on the right track in helping people

understand that leasing is an important financing vehicle."


The book will be published officially on December 1 and advance copies

will be available via,, and

other online book sellers by Mid-October.


Organized in 1961, the Equipment Leasing Association (ELA) is a

non-profit association representing companies involved in the dynamic

equipment leasing and finance industry. ELA's mission is to promote the

leasing industry as a major source of funds for capital investment in

the United States and abroad.


 ELA maintains an informational portal for financial decision-makers to learn more about leasing and find a leasing company at


 Headquartered in Arlington,Virginia., ELA has more than 800 member companies and a staff of 25 professionals. Equipment leasing was reported to be a $208 billion

industry in 2003. Visit ELA online at



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



"ELA PR Program Keeping the Message Alive"



  ELT News


The Equipment Leasing Association has an aggressive public relations program in place, which includes media relations, reaching out to customer organizations (such as the American Bankers Association, Institute for Supply Management, Financial Executives Institute and others), and researching and disseminating news for and about the equipment leasing and finance industry.


ELA continues to earn a high level of media impressions (number of people thought to have read the news item): 689,851,134 earned to date, about 292 million more than this time last year. Most of the coverage of leasing in October was related to the tax shelter story, spurred by remarks from a “Mr. Janet” who anonymously testified before a U.S. Senate Finance Committee last month. ELA commented on a number of the tax shelter stories, correcting facts, straightening out rumors, and delivering leasing’s message to the Associated Press, the New York Times, Bloomberg, the Washington Post, and Newsday among others. More work will be done to counter any negative effects of the news reports, which focused on a very small part of the equipment leasing industry. ELA’s PR team, in place, seasoned and ready, was able to steer much of the coverage to a more balanced perspective than was originally anticipated. Fortunately, the coverage of the tax shelters has peaked and ELA is stepping up its media outreach with balanced, positive leasing messages to separate the industry from the negative coverage.


ELA members will want to watch for coverage of the results of a survey of the Small Business Administration’s state contest winners. When

asked about leasing, 77 percent of the respondents agree that leasing equipment is a good business strategy for meeting the demands of small businesses. (More information on the survey results forthcoming.)


Additionally, ELA’s Web site for financial decision-makers,, was recently named to the BizBest100 for 2004. The site will be profiled in the upcoming paperback edition of The 100 Best Resources for Small Businesses. (See the article, “ELA Site, Named a Business Best” in this newsletter.)


Also, check out for a joint ELA-Entrepreneur magazine poll on how businesses view and use leasing. (Click on “Take Our Quick Survey” at the top of the page.) The poll will be open until early December 2003. ELA will be sure to distribute the results via this newsletter, ELA E-News Daily.


ELA continues to approach organization for speaking opportunities, editorial coverage and joint survey projects. Yesterday, Mike Fleming, Ed Dahlka and a leasing customer spoke at the Association for Financial Professionals’ annual conference on leasing as an alternative strategy for capital acquisition. More details on how they were received will follow this report. Please contact Amy Miller Holmes, CAE, Vice President of Communications, with positive case studies or anecdotes ELA may use in their public relations efforts. The media are hungry for testimonials and stories from leasing customers to show how leasing contributed to their business. To reach Amy, call her at

703-516-8367 or e-mail her at




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



Capital Stream Signs Agreement with NetSol Technologies


Agreement Provides NetSol a Major Breakthrough in the Lucrative U.S. Outsourcing Market


CALABASAS, CA --  -- NetSol Technologies, Inc. (NASDAQ: NTWK), a developer of proprietary software applications and information technology services,  announced that it has signed a Master Consulting Agreement with Seattle-based CapitalStream® to provide a wide array of IT services. Established in 1995, CapitalStream develops financial front office automation solutions that transform paper-based, stand-alone operations into integrated, streamlined finance supply chains. CapitalStream's impressive list of customers includes Bank of America, National Bank of Canada, Merrill Lynch and Bank of the West.


 Under the terms of the agreement, NetSol will provide the following services to CapitalStream:



--  Software configuration and implementation services

--  Project management

--  Assistance in product quality assurance and testing

--  Product deployment and integration for CapitalStream's FinanceCenter

    solution designed for the banking and financial services industry.


The value for the initial phase of the agreement would be accretive to NetSol's earnings for fiscal 2004. According to NetSol CEO Naeem Ghauri, "This new contract further supports our previous guidance provided on October 9, 2003 for expected revenue growth of between 60 to 70 percent for fiscal 2004."


Within the next four weeks, NetSol will deploy a team of ten project managers and consultants to CapitalStream to receive in-depth training on FinanceCenter. "We expect the team to increase to approximately twenty on-site NetSol project managers and consultants within the next six months, as we begin providing onsite implementation support to CapitalStream customers," said NetSol CEO Naeem Ghauri. "CapitalStream and NetSol are investigating opportunities for NetSol to enhance and broaden CapitalStream's product quality assurance and performance testing in a low cost outsource model."


"NetSol was selected as one of our implementation partners, based on their domain expertise in the financial services marketplace," said CapitalStream CEO and President, Kevin Riegelsberger. "They understand our marketplace and we have complementary software solutions that meet the diverse needs of our target markets. Through our relationship with NetSol we anticipate significant cost benefits for both CapitalStream and our customers -- adding to our record growth and continuing to build momentum for front office automation solutions."


"This agreement forges an important partnership as both CapitalStream and NetSol are experts in the leasing and financial services domain," commented NetSol USA President Mark Caton. "Our off-shore development and information technology model combined with our industry expertise will provide CapitalStream customers with products and services that are cost-effective and meet the highest SEI Level 3 standards for quality, as established by the Carnegie Mellon Software Engineering Institute."


About CapitalStream


Established in 1995, CapitalStream develops financial front office automation solutions that enable banks and finance companies to transform paper-based, stand- alone operations into integrated, streamlined finance supply chains. CapitalStream solutions streamline application processing, deal structuring, credit analysis and document generation to rapidly originate leases, loans, lines and cards. As an established industry leader, CapitalStream has helped many small business lending, equipment finance and commercial lending operations to improve relationships with customers and partners, streamline operations, reduce risk and achieve significant revenue growth. For more information, visit CapitalStream's Web site at


About NetSol Technologies, Inc.


NetSol Technologies is a leading end-to-end solution provider for the lease and finance industry. Headquartered in Calabasas, CA, NetSol Technologies, Inc. operates on a global basis with locations in the U.S., Europe, East Asia and Asia Pacific. NetSol helps its clients identify, evaluate and implement technology solutions to meet their most critical business challenges and maximize their bottom line. By utilizing its worldwide resources, NetSol has been delivering high-quality, cost- effective IT services ranging from consulting and application development to systems integration and outsourcing for years. NetSol's commitment to quality is demonstrated by its achieving both ISO 9001 and SEI (Software Engineering Institute) CMM (Capability Maturity Model) Level 3 assessment.


 For more information, visit NetSol Technologies' web site at



NetSol Technologies:

Najeeb U. Ghauri





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



News Briefs---


Tax 'Loophole' Discovered for Huge SUVs


Greenspan Buoyant on Jobs Outlook

Text of his speech:


October Retail Sales Climb, but Slowly


Cisco's Strong Profit Propels Nasdaq to 22-Month High/ 76% to record 


Chip industry ready to make a comeback

After 2 long years, sales expected to rise                 


FTC Blocks Pop-Up Spam Scam


How salaries stack up

by city/state

salary comparison if you move to another city






California Nuts Briefs---


Schwarzenegger to Hire Grope Probe P.I.


Schwarzenegger imitators see big business in the big guy





“Gimme that Wine”


Washington  State Winemakers Hail Cabernet


Washington Wineries


one of the best in the US:


Leonetti Winery





This Day in American 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 believe that contradicted Puritan orthodoxy.  She was condemned by an ecclesiastical synod at Newton, Mass, and fled to Rhode Island. She and her family were massacred by Indians.

        1700-The population of the colonies was sparsely scattered over the large area.  Below the Delaware River an isolated farm was the usual settlement, save for Charleston, which had about 250 families. Philadelphia had approximately 700 houses.  New York about 5000 inhabitants. Newport less than 200, and Boston, the largest city, about 7000.  There were approximately 275,000 inhabitants n the colonies. In 1701, the naming of streets was authorized by the Boston Town Meeting. Previously, only Newport and Philadelphia had officially assigned street names. At the end of seven years 109 names were submitted for ratification.

        1811 – William Henry Harrison, commander of 800 U.S. soldiers fighting marauding Indians organized by Tecumseh, beat off a surprise attack led by Tecumseh’s brother Tenskwatawa, called the Prophet, at Tippecannoe River in northcenteral Indiana. The toll of U.S. soldiers was 61 dead, 127 wounded.  Subsequently, Harrison’s troops destroyed the Indian confederacy. Tecumseh and many of his followers crossed over into Canada and joined British forces in the War of 1812.

       1837 - United States abolitionist Elijah Lovejoy was attacked and killed by a pro- slavery mob at his printing works in Alton, Illinois.

       1845-The first presidential voting nationwide took place.  January 23,1845, “ an act to establish a uniform time for holding elections for electors of President and Vice President in all the states of the Union.” The day selected for voting was “the

Tuesday next after the first Monday in the month of November of the year in which they are to be appointed.” Zachary Taylor was elected president of the United States. Millard Fillmore was elected vice president. The electoral vote was Taylor, 163, Lewis Cass, Democratic candidate, 127. The popular vote was Taylor, 1,370,101: Cass, 1,220,544: Martin Van Buren, Free-Soil and Barnburners candidate, 291,263.  Taylor, the second and last Whig president, died after 16 months in office. He died of cholera at the age of 55.  Vice-President Millard Fillmore was sworn in on July 10,1850, as the 13th president of the United States.

       1847- Lotta Crabtree birthday, taught by the legendary Lola Montez, she was the rage of the English and American stage, leaving a fortune of $4 million. Lotta's Fountain, an ornate drinking fountain which miraculously survived the 1906 San Francisco earthquake, still stands at Market Street near Kearny; her gift to a city she always loved and returned to frequently.

        1874 - The Republican party elephant was born on this date. It was created by Thomas Nast's political cartoon in Harper's Weekly, attacking a possible third term for Republican President Ulysses S. Grant.

        1876 - Albert H. Hook of New York City patented the cigarette manufacturing machine.

        1876-T the presidential election gave Samuel J. Tilden, the Democratic candidate,  a popular vote plurality of 250,000, but Republicans refused to concede on the grounds that returns from Florida, Louisiana, South Carolina, and Oregon were in dispute.  Hayes needed the electoral votes of those states to win.  On December 6 two different sets of electoral returns were reported from the four states. The electoral vote ultimately was determined by a special 15—member electoral commission.  The nation had never faced a dispute over the results of a presidential election. The commission was divided by party lines, and deals were made it was said, as Rutherford B. Hayes, received 185 electoral votes to Tilden’s 184.  Supposedly deals were made with Southern Democrats. In any event, the new president showed a conciliatory attitude toward the South: the last federal troops were  withdrawn and there was no further effort to protect the rights of blacks. Reconstruction was over.

       1885-at 9:30 AM the last spike was driven at Craigellachie, British Columbia, completing the Canadian Pacific Railway’s 2,980-mile transcontinental railroad track between Montreal, Quebec, in the east and Port Moody, British Columbia, in the west.

       1889- Montana becomes the 41st state.

        1893 - The state of Colorado granted women residents the right to vote.

    1916 - Woodrow Wilson, 28th U.S. President, was reelected. The outcome of the election was one of the few in U.S. history that hinged on foreign affairs. Europe was fighting a world war, and so far, President Wilson had kept the U.S. neutral. Running with the slogan, "He Kept Us Out of War," Wilson was re-elected by a narrow margin. The very next year, Wilson’s neutrality in the European war ended. The Germans refused to curtail their submarine warfare after 120 Americans were killed aboard the British liner, Lusitania. Congress voted overwhelmingly to go to war and Wilson proclaimed American entrance into World War I a crusade to make the world “safe for democracy.”  Thomas R. Marshall was reelected vice president. The election was so close that the outcome was uncertain for three days, when it became clear that Wilson had carried California, but by fewer than 4000 votes. The electoral vote was Wilson, 277: Charles Evans Hughes, Republican candidate, 254. The popular vote was Wilson, 9,128,837: Hughes 8,536,380. In congressional elections the Democrats lost three seats in the Senate but maintained a 53-42 majority, with one seat going to a minor party.  In the House the Democrats again narrowed their majority over the Republicans, 216-210, with six seats held by minor parties.

        1917- bassist Howard Rumsey born, Brawley, CA.

       1922-Trumpet player Al Hirt Birthday.

       1929 - The Museum of Modern Art in New York City was opened to the public.

        1930 - Wayne King recorded what would become his theme song, "The Waltz You Save for Me", on Victor records.

        1932 - CBS radio first aired "Buck Rogers in the 25th Century". Between 1932 to 1947, Matt Crowley, Curtis Arnall, Carl Frank and John Larkin played Buck over the years.

        1937- Mary Travers birthday, author, composer, singer, of Peter, Paul, and Mary fame.

       1940-,Duke Ellington records at Crystal Ballroom, Fargo, ND.

        1944- President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term. Harry S. Truman was elected vice-president. The electoral vote was Roosevelt, 432: Gov. Thomas E. Dewey, Republican, 99. the popular vote was Roosevelt 25,602,504, Dewey 22,006,285. In congressional elections the Democrats lost two senate seats but held a 56-38 majority. In the House, they gained 24 seats for a 242-190 lead, with two seats held by minor parties.

       1946—Top Hits

Five Minutes More - Frank Sinatra

South America, Take It Away - Bing Crosby & The Andrews Sisters

You Keep Coming Back like a Song - Dinah Shore

Divorce Me C.O.D. - Merle Travis

      1954- “Face the Nation” premiered on TV. The CBS counterpart to NBC’s “Meet the Press,” this show employed a similar format: panelists interviewed a well-known guest. In 1983 the panel was changed to include experts in addition to journalists when Lesley Stahl succeeded George Herman as moderator. Though usually produced at Washington, DC, the show occasionally interviewed people elsewhere (such as Khrushchev in Moscow in 1957).

       1950- Voters in the United States Hawaii Territory ratified a state constitution, a major step in becoming the 50th state on August 21, 1959.

( lower half:

       1962- Richard M. Nixon, having been narrowly defeated in his bid for the presidency by John F. Kennedy in the 1960 election, returned to politics two years later as a candidate for governor of California in the election of Nov 6,1962. Defeated again (this time by incumbent governor Edmund G. Brown, who built

the public university and college system in California), Nixon held his “last” press conference with assembled reporters in Los Angeles at mid-morning the next day at which he said: “. . just think how much you’re going to be missing. You won’t have Nixon to kick around any more, because, gentlemen, this is my last press conference.~’

       1954—Top Hits

I Need You Now - Eddie Fisher

This Ole House - Rosemary Clooney

Papa Loves Mambo - Perry Como

More and More - Webb Pierce

        1956 - Elvis Presley hit the charts with "Love Me", the first million-seller to chart without being a single. It was an EP (extended play) 45 rpm, with three other songs: "Rip It Up", "Paralyzed" and "When My Blue Moon Turns to Gold Again" all on RCA Victor.

       1962 - Richard M. Nixon, who failed in a bid to become governor of California, held what he called his last press conference, telling reporters, "You won't have Nixon to kick around anymore."

       1962—Top Hits

He’s a Rebel - The Crystals

Only Love Can Break a Heart - Gene Pitney

All Alone Am I - Brenda Lee

Mama Sang a Song - Bill Anderson

       1963 - New York Yankee Elston Howard, was named the American League’s Most Valuable Player making him the first black player to receive the award.

        1964-The Braves, for the second time in eleven years, receive permission to shift their franchise to another city. Hank Aaron and company will move from Milwaukee to Atlanta after the 1965 season.

        1967- the first mayor of a major city who was African-America was Carl Stokes, a Democrat, elected this day by the citizens of Cleveland, OH.

        1970—Top Hits

I’ll Be There - The Jackson 5

We’ve Only Just Begun - Carpenters

Fire and Rain - James Taylor

I Can’t Believe That You’ve Stopped Loving Me - Charley Pride

       1972 - United States President Richard Nixon was re-elected for a second term, in the greatest Republican landslide, defeating Democrat George McGovern. He became the first president to resign office. Spiro T. Agnew was reelected vice president. The electoral vote was Nixon, 521: Sen. George S. McGovern, Democrat, 17.  The popular vote was Nixon 45,767,218: McGovern 28,357,668.  The Democrats picked up two Senate seats for a 57-43 majority. The Republicans gained 13 seats in the House, but the Democrats still led 255-179, with one seat going to an independent.

       1973 - New Jersey became the first state in the United States that allowed girls to play on Little League baseball teams.

        1978—Top Hits

You Needed Me - Anne Murray

MacArthur Park - Donna Summer

Double Vision - Foreigner

Sleeping Single in a Double Bed - Barbara Mandrell

        1985- Former middleweight boxer Rubin “Hurricane” Carter was released from Rahway (NY ) State Prison after serving 19 years for a triple murder committed in a Paterson, NJ, bar in 1966.  US District Court Judge J. Lee Sorokin ruled that prosecution had violated the civil rights of Carter and a codefendant. during their trials in 1967 and 1976. Denzil Washington starred in a movie about his life.

        1986 - The longest high school football winning streak to date ended. Canyon High, of Canyon Country, California, lost to Antelope Valley High 21-20. Canyon High racked up 46 consecutive wins before this.

           1986—Top Hits

True Colors - Cyndi Lauper

Typical Male - Tina Turner

I Didn’t Mean to Turn You On - Robert Palmer

It’ll Be Me – Exile

        1987 - Bruce Springsteen’s "Tunnel of Love" was the #1 album in the U.S. The rest of the top-five for the week: 2)-"Bad" (Michael Jackson); 3)-"Dirty Dancing" (soundtrack); 4)-"Whitesnake" (Whitesnake); 5)-"A Memory Lapse of Reason" (Pink Floyd).

        1989-L. Douglas Wilder was elected governor of Virginia, becoming the first elected black governor in US history. Wilder had previously served as lieutenant governor of Virginia.

        1989 - Judge Douglas H. Ginsburg asked President Reagan to withdraw his nomination to the United States Supreme Court, citing the clamor that arose over Ginsburg's admission that he had smoked marijuana on occasion. President Roosevelt won an unprecedented fourth term in office, defeating Thomas E. Dewey. Roosevelt only lived long enough to serve 53 days of this fourth term.

        1989- the first Mayor of New York City was African-America was David N. Dinkins, 63, the Manhattan borough president, who was elected this day as a Democrat.  He served one term.  He was defeated in his 1993 bid for reelection by Republican candidate Rudolph Giuliani, whom he had beaten in 1989.

       1991- Earvin “ Magic”Johnson of the Los Angeles Lakers retires from basketball after announcing that he had tested positive for HIV.  Despite his retirement, Johnson played in the 1992 NBA All-Star game and in the 1992 Olympics as a member of the first US Dream Team.  He coached the Lakers for part of the 1993-94 season and played part of the 1995-96 season before retiring again.

        1994 - "The Electrical Engineering Times" ran a cover story about flaws in Intel’s Pentium computer chip. The bug, an obscure flaw that caused extremely rare computation errors when performing certain types of mathematical calculations, eventually caused Intel to replace any Pentium processor affected by the flaw, regardless of whether the user was a mathematician or not. Intel took a $475 million charge against earnings for the quarter to cover the expense of replacing all of those chips.

       1998 – San Francisco Mayor Willie Brown "pied" in California.






Wednesday event we went out to dinner at our favorite seafood restaurant and then to the Simon and Garfunkle concert at the San Jose Arena, where the Everly Brothers made a “guest” appearance.  We had third row seats, near center.  It was marvelous. What a tremendous show!!!!  After the concert, we went home and played some of Paul Simon’s CD’s, and never got around to Leasing News.  Kit



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The Deal is in the Details


WHERE: RAMADA INN, 324 East Shaw,
Fresno, CA 93710
Tel: 559 224-4040
TIME: 9:00 a.m. to 4:00 p.m. (lunch on your own)


    How to read and interpret your prospect's financial statements.
    How to qualify your prospects.
    How funders look at full disclosure transactions.
    How to understand what the real story is in your story credit.
    How to explain your deal to your credit manager or funder.
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The class will be presented by Bob Teichman, CLP, an industry veteran celebrating his 40th year in the equipment leasing business.

COST: $245 (first attendee from a company)
$225 (for each additional attendee from a company)

For more information call: 415 331-6445 or e-mail

Pre-register by sending your check to:
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Teichman Financial Training
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Sausalito, CA 94965
Tel: 415-331-6445

Registration at the door on a space-available basis only.

"Providing education and training to the equipment leasing and financing industry."

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