Archives---October 15, 2001
Leasing News Announcement: Morning Edition

“Starting tomorrow, Leasing News is going to become an "early morning electronic newspaper," there when you open your computer first thing in the morning...

“We often scoop our competitors two to three days, sometimes literally weeks with stories. In addition, Leasing News has evolved from just printing press releases to stories not covered elsewhere.

Press releases are written by public relations companies to put a positive spin and often only present what the company wants to promote, not what is really going on. You will get the real "inside news" here. Our readers make us different. We have become a family trying to help each other out.”

Kit Menkin, editor/publisher

"United We Stand."

TODAY

The original intention was to reach the East Coast readers first thing, as we discovered many on the West Coast were reading the news very early in the morning, some at 5am...and a few earlier. What actually happened was that we were not only providing this now for the East Coast readers, but the news edition was also arriving in Europe and even as far as North Africa and India during their work day. As a result, the news was more current as they were receiving it during their daylight hours. It amazes me to this day how many readers worldwide we have.

Kit Menkin, editor/publisher

 

Classified Ads---Sales

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

Boston, Mass. Accomplished Sales & Relationship Management Professional with business development experience in the financial services industry. Recognized by market leaders as industry expert in Professional Practice financing, as well as Residential Mortgage Lending. Keen insight and understanding of transaction process and financial requirements of customer. Proven record of exceeding sales goals. deb.harold@hotmail.com

Central Coast of California, equipment financing sales, 25 years B2B small business sales, business development, vendor and program management, 10 years in broker business as owner, seeks opportunity to cover Ventura, Santa Barbara, San Luis Obispo, Monterey, Kern and Fresno Counties or larger Western Region – experience with most equipment applications, travel welcomed.  Joe Friedling Paso Robles, CA joe@pecusainc.com 1-888-606-7300

Montgomery, AL Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama. Work with leasing company or broker. 334-590-5133 E-mail: billmcneal2003@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

Working Capital Loans $10,000-$250,000
www.channelpartnersllc.com p: (763) 746-7760 f: (763) 592-8297 information@channelpartnersllc.com

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Muncipalities and Their Budgets
By Tom Cadle, CLP

The great majority of municipalities have approved their new budgets and are working through another year of serving their public. Across the board the cities, counties, and various types of districts are facing reduced revenues and the need to control their expenses and maintain their cash reserves. Municipal Lease/Purchase financing allows them to pay for needed equipment over time and that is the same benefit that we have discussed with commercial clients for decades.

And there are more benefits for them…

• Tax Exempt Municipal rates are low

• Flexible repayment terms are readily available

• Leasing does not require voter approval

• There is no long term debt created (leases are an expense item)

• Their choice of Master Lease formats and funding into Escrow

As municipalities grapple with their budgets and the continuing need to provide services and replace outdated equipment and systems, they are facing some difficult decisions, understanding that the general public has not been kind to long term bond measures on their ballots. If they deem their needs essential, their choices are cash, the Tax-Exempt Lease-Purchase, a Certificate of Participation offering, or the traditional Bond marketplace for large projects and infrastructure.

Tax-Exempt Lease Purchase Financing:

This tried and true structure works extremely well for the essential needs of the municipal client for small to medium sized needs, if they choose not to pay cash. It is not considered debt, is inexpensive and relatively easy to document and fund. Even though the current investment appetite is somewhat restricted, there is still plenty of capital to fund these needs. Again, the long term structures (10+ years) are fairly difficult at this time using this form of finance.

Certificates of Participation (COP):

A COP is a Public Offering, as is its big brother, the Municipal Bond. The COP utilizes substantially the exact municipal lease structure as previously discussed, but allows the lease to be fractionalized and sold to multiple investors in the public markets. Even though they are structured with the same overview of the Securities Exchange Commission (SEC), COP’s are not considered debt and therefore not subject to a positive election result from the voters. COP’s are brought to market by licensed broker-dealers, as are bonds. The COP is the perfect middle-market product that sits between the tax-exempt lease and the large-ticket Bond structure. Longer term structures are much more readily available with this form of finance as is the ease of handling much larger transactions.

Choosing which product is best is not a science as the functional edges of each product overlap widely. Like the placement of most transactions, the details of the need will tell you how it should be structured. We work directly with vendors as well as with third party originators, including banks, brokers, and others in the financial market place.

Tom Cadle, CLP
President
tcadle@leasource.com
Leasource Financial Services, Inc.
1000 River Rock Drive, Suite 218
Folsom, CA 95630
www.leasource.com
800-991-0099 phone
800-988-3931 fax

 

 

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Leasing 102
by Mr. Terry Winders, CLP

Why Lease 4th Quarter, 2013

The proposed change in the accounting rules may appear to lower the lessee’s interest in leasing, but with Congress dysfunctional (that is being kind), what is happening is many businesses are continuing to conserve cash. This may be positive for leasing.

The small ticket market is getting much faster with approvals as software programs have become quite sophisticated, they claim. Some like Microfinancial can do it is in five seconds on microleases ($500 to $15,000) and Financial Pacific, also, is almost as fast on leases up to $100,000.

The middle market and above, composed primarily of larger corporations, is becoming more cautious. They continue to conserve cash. Leasing may become more attractive to this marketplace, not less.

We should remember the old days when leasing was of interest because we offered no down payment financing, except the first payment. Often it could be 30 to 60 days delayed, too. In addition we tried to match the lease payments to the lessee’s cash flow or tax needs. To do this we needed to offer a true lease.

One of the requirements of a legal or tax lease is a purchase option that is not considered a bargain or was equal to, or greater than, the reasonably predictable fair market value (FMV) of the equipment at lease termination. One of the challenges was how to sell a FMV lease to a lessee that was afraid you would hold them up with the sale price at termination. This caused more than one leasing company to offer side letters with a fixed price and then told the lessee to hide the side letter if a tax audit was coming. You should understand that this is tax fraud and there are serious consequences if discovered.

Most of the problems developed because many lessors refused to consider proper residuals. With the movement back to true leasing, residuals will be required. Residuals will require a few procedures to support the lessor’s position. The first has always been a “complete” description of the leased equipment. The second is to determine the lessees “use” of the equipment and now a new attachment to the acceptance agreement is a document called a “use and maintenance” agreement where the use is described and addition rent is required, if the use exceeds the agreed upon maximum use or is returned in poor condition.

The lessee cannot be expected to have to return the equipment in like new condition because it is expected to be used. However the tax and legal requirements require the term of the lease not to exceed 80% of the equipment’s useful life so the use and maintenance agreement reinforces the leases determination to have the equipment returned in good condition and have at least 20% useful life remaining. Its main purpose is to protect the lessor’s residual position. This should limit the real residual risk to the change in the future value of the equipment.

One of the reasons to lease in the future is the ability to offer short terms on equipment that usually leased over longer terms. An example is equipment that has a MACRS depreciation term of five years that is leased over three years to increase the tax write off by expensing the rent instead of taking MACRS depreciation and interest. This requires a FMV purchase option, or no purchase option, and the assumption of a proper residual protected by a use and maintenance agreement.

There will be additional changes in leasing as we determine how to meet the lessees needs in the future but at the same time we will need stay positive and adapt to those changes. Companies with cash are in the position to offer true leases to their customers, as well as companies who want to conserve their cash, will also look toward leasing. The positive implications also stand a good chance as influencing small ticket leasing, even when it is treated as a capital lease. It’s the sizzle, and it hasn’t left the great marketing sales pitch of why lease. Especially in the 4th quarter of the year!!!

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at terrywinders11@yahoo.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 a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry. He is the 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. 502.649.0448/terrywinders11@yahoo.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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Congratulations to New Officers, Directors, Elected
National Equipment Finance Association (NEFA)

2014 Executive Committee

Kyle Gilliam, CLP, NEFA President
President, Arvest Equipment Finance

Tara Aasand, NEFA Vice-President
Business Development Officer
Great American Insurance Group

Gary Souverein, EFA Corporate Secretary
President, COO
Pawnee Leasing Corporation

David Normandin, CLP, NEFA Treasurer
Senior Vice-President, PacTrust Bank

John Rosenlund, CLP, NEFA Past President
Director—Risk Management
Portfolio Financial Servicing Company

--------------------

2014 Board of Directors

Mike Coon
Vice President, LCA Financial

Dennis Dressler
Attorney
Dressler/Peters, LLC

Stephanie Hall
Manager of Broker Services
Bryn Mawr Funding

Anna-Mary Geist
TaxWare

Doug Houlahan
CFO, Maxim Commercial Capital, LLC

Marc Keepman
President, KLC Financial, Inc.

Jim Merrilees, CLP
Vice President, National Accounts, Tip Capital

Greg Nappi, CPA
CFO, DDI Leasing, Inc.

Bruce Smith, CLP
Owner
Diversified Capital Credit Corporation

Scott Woodring
Business Development Manager
LeaseTeam, Inc.

Diane Williams
Vice President/Controller
Bankers Leasing Company

---

John G. Rosenlund, CLP, Director-Risk Management, 
Portfolio Financial Servicing Company, will have a report on the National Equipment Finance Association October 10-13
Conference in Nashville, Tennessee in Thursday’s Leasing News edition.

 

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Classified Ads---Help Wanted

Sales Account Executives Jacksonville, FL/Philadelphia, PA Small Ticket funder with broad funding and exceptional vendor service capabilties. E-mail resume to: garyshivers@navitaslease.com Navitas Lease Corp is an innovator in the Small Ticket Leasing Industry.  We offer solutions to small-to-medium sized businsses looking to acquire and finance equipment.

 

Software Programmer Fort Collins, Colorado SQL & .Net programmer for Vision Commerce Platform, Min. 2yr. exp.,Bachelor’s degree ---or Course Work in related field Click here for more information www.pawneeleasing.com -Est. 1982, specializing in the under $75,000 marketplace to smaller, closely-held businesses--

 

 

5 positions available in our Calabasas office: Account Executives (2), Funding Coordinator Credit Analyst, Marketing Administrator Generous Compensation Packages including benefits. www.TEQlease.com/careers

 

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

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“How Do I handle rejection from potential employer?”
Career Crossroad---By Emily Fitzpatrick/RII

Question: How do I handle rejection from a potential employer that I am strongly interested in working for?

Answer: There will be interviewers who conclude that you are not the right person for the job they are looking to fill. The interviewer will you will let you know in one of the following ways:

(1) at the interview, does happen, but not often
(2) via a formal rejection letter
(3) via an email message
(4) during a follow-up phone call
(5) if working with a recruiter, via the recruiter.

First, Be Emotionally and Intellectually prepared. NEVER take a rejection personally. The interviewer doesn’t really know you. He is looking at a “position” to fill.” And - not everyone can be right for every job!

HOWEVER, if you really want the job you may be able to turn around the “turn-down” if you have the willpower and determination.

• The initial rejection is attributable for one of the following reasons:

• The interview does not feel you can do the job

• The interviewer feels you lack the successful profile

• The interviewer does not feel your personality would contribute to the smooth functioning of the department (e.g. a team player)

ONLY proceed if you are truly, truly interested in the company and position, e.g. you would accept an offer on the spot …

If you proceed forward, you cannot back out, or you will waste the employer’s time, and reputation is everything in this small industry …

If rejected, AFTER thanking the interviewer for their time and consideration:

• Ask (politely) why you were rejected?

• Accept the interviewer’s concerns and develop different ways to overcome every negative perception. Remember this information for your next interview.

• Secure yourself another interview and ask for the job in a positive and enthusiastic manner.

  You want to appear confident so prior to taking these steps, make sure you prepare and script out various scenarios and responses

Good Luck!

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
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' New Bathroom Faucet

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Sales Makes it Happen by Steve Chriest

Rising To Your Default Level

Naturally talented salespeople are, among other things, confident. Most of them actually believe that they can use their native intelligence and interpersonal skills to rise to the occasion in dealing with even the most difficult selling situations. Unfortunately, nothing is further from the truth.

It was widely reported, recently, that a five foot, four inches tall female police officer apprehended and handcuffed a seven foot tall male offender. Incredulous that a small, female officer could place handcuffs on an angry, seven foot tall male, reporters asked her how she managed to do it. She replied, “My training took over and I just acted as I’ve been trained to act in this type of situation.”

I think it’s the same for sales professionals. Although sales people often think they will rise to the occasion in difficult selling situations, that’s not what happens. What happens is that they rise to the level of their training. If they are generally disorganized, and if they rarely plan ahead for important sales calls, this is the default behavior that shows itself in difficult selling situations.

When a leasing prospect asks about the interest rate charged in a lease, the leasing salesperson who is unprepared to discuss the value he and his company brings to the prospect’s business probably pulls out his HP 17BII calculator and begins the attempt to impress the prospect with how to calculate the twenty-four ways of looking at interest rates in a lease. He defaults to his level of training and usually leaves the prospect confused, uncertain, unsatisfied and uncommitted!

If, instead, the salesperson has been taught to articulate the relative importance of interest rates in borrowing, vis-à-vis the other important considerations that impact a borrowing decision, he will default to this method of explanation when confronted with the dreaded interest rate question from prospects and customers.

Sales managers who teach their salespeople how important it is to impress customers with their use of the HP 17BII calculator shouldn’t be surprised when the salespeople use their calculators as their default method of responding to tough questions posed by customers in a tough sales call.

Don’t expect sales professionals, even superstars, to rise to the occasion in all selling situations. If salespeople are trained well, they will generally respond well to tough selling situations. The reality is that a salesperson’s performance always defaults to his level of training.

About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling The E-Suite, The Proven System for Reaching and Selling Senior Executives and Five Minute Financial Analyst, Basic CREDIT & Analysis Tools for Non-Accountants. He was the CEO of a very successful leasing company and executive at a major company. You can reach Steve at schriest@selling-up.com.

 

5 positions available in our Calabasas office: Account Executives (2), Funding Coordinator Credit Analyst, Marketing Administrator Generous Compensation Packages including benefits. www.TEQlease.com/careers

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Failed Banks: Class of 2013
by Divya Lulla and Robert Clark

SNL Feature Article

Regulators did not close any banks Oct. 4, keeping the year's number of failures at 22. In 2012, regulators had closed 43 banks as of Oct. 11.

As of Oct. 11, only three of the 22 bank failures thus far in 2013 have involved a loss-share agreement. In 2012, the FDIC entered loss-share agreements with the buyers of 20 of the 51 closed banks. In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks.

The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks' assets was 24% so far in 2013, 21% in 2012 and 23% in 2011.

2013 Bank Failures

Wausau, Wis.-based Bank of Wausau ($43.6 million)
http://leasingnews.org/archives/Aug2013/8_13.htm#bank_beat

Fort Myers, Fla.-based First Community Bank of Southwest Florida ($247.3 million)
http://leasingnews.org/archives/Aug2013/8_06.htm#bank_beat

Sevierville, Tenn.-based Mountain National Bank ($437.3 million)
North Las Vegas, Nev.-based 1st Commerce Bank ($20.2 million)
http://leasingnews.org/archives/Jun2013/6_11.htm#bank_beat

Kenosha, Wis.-based Bank of Wisconsin ($134.0 million)
http://leasingnews.org/archives/Jun2013/6_03.htm#bank_beat

Scottsdale, Ariz.-based Central Arizona Bank ($31.6 million)
http://leasingnews.org/archives/May2013/5_15.htm#wef

Valdosta, Ga.-based Sunrise Bank ($60.8 million)
Asheville, N.C.-based Pisgah Community Bank ($21.9 million)
http://leasingnews.org/archives/May2013/5_13.htm#bank_beat

Douglasville, Ga.-based Douglas County Bank ($317.3 million)
Lenoir, N.C.-based Parkway Bank ($109.6 million)
http://leasingnews.org/archives/Apr2013/4_29x.htm#bank_beat

Marianna, Fla.-based Chipola Community Bank ($37.5 million)
Orange Park, Fla.-based Heritage Bank of North Florida ($104.0 million)
Lexington, Ky.-based First Federal Bank ($93.0 million)
http://leasingnews.org/archives/Apr2013/4_23.htm#bank_beat

Gold Canyon, Ariz.-based Gold Canyon Bank ($42.1 million)
http://leasingnews.org/archives/Apr2013/4_08.htm#arizona

LaGrange, Ga.-based Frontier Bank ($258.8 million)
http://leasingnews.org/archives/Mar2013/3_11.htm#bank_beat

Chicago-based Covenant Bank ($58.4 million)
http://leasingnews.org/archives/Feb2013/2_19.htm#bank_beat

Andover, Minn.-based 1st Regents Bank ($49.6 million)
http://leasingnews.org/archives/Jan2013/1_22.htm#bank_beat

University Place, Wash.-based Westside Community Bank ($91.9 million)
http://leasingnews.org/archives/Jan2013/1_15.htm#beat

Parsons, Tennessee---Community South Bank ($386.9 million)
http://leasingnews.org/archives/Aug2013/8_26.htm#bank_beat

Phoenix, Arizona---Sunrise Bank of Arizona ($292,2 million)
http://leasingnews.org/archives/Aug2013/8_26.htm#bank_beat

Edinburg, Texas-based First National Bank ($3.09 billion)
http://leasingnews.org/archives/Sep2013/9_16.htm#bank_beat

Bridgeport, Conn.-based Community Bank ($26.4 million)
http://leasingnews.org/archives/Sep2013/9_16.htm#bank_beat

 

 

 

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The Most Tax-Friendly States For Business
By Charley Blaine, 24wallst.com

10.
Indiana
Taxes collected per capita: $2,292 (22nd lowest)
Unemployment: 8.1% (13th highest)
Corporate taxes collected per capita: $110 (24th lowest)
Sales tax rate: 7.00% (tied-2nd highest)

The Tax Foundation rated Indiana’s business tax climate as one of the best in the U.S. after it recently-lowered corporate income tax rate, as well as its low individual income tax rates.

9.
Utah
Taxes collected per capita: $1,958 (13th lowest)
Unemployment: 4.7% (7th lowest)
Corporate taxes collected per capita: $89 (19th lowest)
Sales tax rate: 5.95% (25th lowest)

The state’s abundant natural resources, including copper and oil and natural gas, and a vibrant tourism industry boost the economy.

8.
New Hampshire
Taxes collected per capita: $1,761 (8th lowest)
Unemployment: 5% (9th lowest)
Corporate taxes collected per capita: $443 (2nd highest)
Sales tax rate: 0.00% (tied-the lowest)

New Hampshire has a high corporate tax burden, at 8.5% of income. The state collected more corporate income taxes in fiscal 2011 than any state but Alaska. However, the state has no sales tax and only a modest tax on interest and dividends...the state still received one of the worst property tax grades in the nation. Per capita collections in New Hampshire were among the highest in the nation, both in dollar terms and as a percent of income.

7.
Montana
Taxes collected per capita: $2,316 (23rd lowest)
Unemployment: 5.3% (tied-11th lowest)
Corporate taxes collected per capita: $125 (21st highest)
Sales tax rate: 0.00% (tied-the lowest)

Montana offers taxpayers low individual income tax rates, a relatively low corporate income tax rate and no sales tax.

6.
Washington
Taxes collected per capita: $2,566 (19th highest)
Unemployment: 7.0% (tied-22nd lowest)
Corporate taxes collected per capita: $0 (tied-the least)
Sales tax rate: 6.50% (tied-9th highest)

Washington is one of seven states with no individual income tax, which helped improve its score. However, the sales tax, which totals 8.9% when adding in the average local rate, is among the highest in the nation...The state is also one of just four with a gross receipts tax, under which revenues from corporate transactions are charged. According to the Tax Foundation, such charges often result in high effective tax rates for companies.

5.
Florida
Taxes collected per capita: $1,718 (7th lowest)
Unemployment: 7.0% (tied-22nd lowest)
Corporate taxes collected per capita: $99 (21st lowest)
Sales tax rate: 6.00% (tied-16th highest)

Florida also has no individual income tax, and corporate taxes are modest. The state’s corporate income tax rate is a flat 5.5% and is one of the lower rates in the nation. However, the state is partially penalized by its Alternative Minimum Tax on corporations, which just eight other states charge. Partly as a result of this, 12 other states received better grades from the Tax Foundation on their corporate income tax policies. The state also relies on local sales and property taxes more than most other states

4.
Alaska
Taxes collected per capita: $7,708 (the highest)
Unemployment: 6.5% (18th lowest)
Corporate taxes collected per capita: $1,003 (the highest)
Sales tax rate: 0.00% (tied-the lowest)

Alaska is one of six states with no individual income tax. In fact, the state actually gives each resident an annual payment, which is based on the investment earnings from the state’s energy royalties. Alaska has no statewide sales tax, and local taxes averaged just 1.68%. The corporate income tax is relatively high, however. The top rate a company can be charged is 9.4%, one of the highest in the nation. The state is also penalized for having 10 different corporate income tax brackets.

3.
Nevada
Taxes collected per capita: $2,333 (25th lowest)
Unemployment: 9.5% (the highest)
Corporate taxes collected per capita: $0 (tied-the least)
Sales tax rate: 6.85% (4th highest)

Like several of the other states that are the most tax-friendly for business, Nevada has no individual income tax on earnings, dividends or interest. It is also one of just three states that have no corporate income or gross receipts tax. However, the state does have casinos, which are a nearly as lucrative as oil and gas drilling. In 2011, the state made $865 million just in taxes on gambling from casinos, roughly 5% of the state’s total revenue and far more than any other state. The state’s ability to raise revenue from gambling was threatened during the housing crisis and recession, during which the state’s budget deficit reached more than 54% of spending.

2.
South Dakota
Taxes collected per capita: $1,682 (3rd lowest)
Unemployment: 3.8% (2nd lowest)
Corporate taxes collected per capita: $19 (5th least)
Sales tax rate: 4.00% (tied-7th lowest)

South Dakota has no individual income tax or corporate income tax. It does, however, levy a franchise tax on financial institutions...it changed its banking and tax laws to attract credit-card operations, with companies like Citigroup having a strong presence there. The state’s economy gets a boost from Federal government spending. Ellsworth Air Force Base, near Rapid City, is one of the state’s largest employers.

1.
Wyoming
Taxes collected per capita: $4,347 (3rd highest)
Unemployment: 4.6% (tied-5th lowest)
Corporate taxes collected per capita: $0 (tied-the least)
Sales tax rate: 4.00% (tied-7th lowest)

Wyoming has had the best tax climate in the nation for each of the last three years. The state charges no individual income tax, and as a result is tied with the six other states for individual income tax policy. Additionally, the state is one of just three, alongside Nevada and South Dakota, with no corporate income tax or a gross receipts tax. Oil, gas, coal and other minerals provide much of the state’s total provided close to $1 billion a year in severance tax revenue, charged when nonrenewable resources are extracted, to the state as of 2011.

 

• Contract Negotiations • Fraud Investigations  • Credit Investigations • Skip-tracing  • Third-party Commercial Collections John Kenny  Receivables Management For flat fee or commissions basis  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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Top Stories October 7--October 10
(You May Have Missed One)

Here are the top stories opened by readers:

(1) Class Action Case against First National Capital
Didn't know she was being recorded
http://leasingnews.org/archives/Oct2013/10_06.htm#class

(2) Top Five Leasing Company Web Sites—in North America
by Christopher Menkin
http://leasingnews.org/archives/Oct2013/10_10.htm#sites

(3) Fresno Broker Ted Anselmo Passes Away
http://leasingnews.org/archives/Oct2013/10_06.htm#fresno

(4) Archives---October 7, 2002
UAEL Elects First Female President
http://leasingnews.org/archives/Oct2013/10_06.htm#archives

(5) Leasing 102 by Mr. Terry Winders, CLP
Proving You Are the Owner
http://leasingnews.org/archives/Oct2013/10_06.htm#proving

(6) New Hires—Promotions
http://leasingnews.org/archives/Oct2013/10_10.htm#hires

(7) Wal-Mart drops price of iPhone 5c to $45
http://www.upi.com/Business_News/2013/10/05/Walmart-drops-price-of-iPhone-5c-to-45/UPI-85101381005625/

(8) NAELB Adds 12 New Members in September
http://leasingnews.org/archives/Oct2013/10_10.htm#naelb

(9) Equipment Leasing & Finance U.S. Economic Outlook
---Fourth Quarter Outlook
Equipment Leasing and Finance Foundation Report
http://leasingnews.org/archives/Oct2013/10_10.htm#outlook

(Tie) (10) Oregon bartender gets $17,500 tip
http://news.yahoo.com/oregon-bartender-gets-17-500-tip-190817724.html

(Tie) (10) Psychiatrists Deeply Concerned For 5% Of Americans Who
Approve Of Congress
http://www.theonion.com/articles/psychiatrists-deeply-concerned-for-5-of-america

 

Classified ads—Asset Management

Leasing Industry Outsourcing
(Providing Services and Products)

Asset Management: Atlanta, GA premier provide accounts receivable management functions from 3rd Party contingency collections to Portfolio Purchasing. Contact George Elliott, National Account Manager. 678-694-9063, www.westassetmanagement.com	Asset Management: Boston, MA Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.  Call Chris @ 508-785-1277 Email:email
Asset Management: Minneapolis, MN NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology Email: jcahill@netsentricinc.com	Asset Management: Monroe, NC Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries.   Carolinamachinerysales.com/ Melinda Meier (704)288-1904 x103
Asset Management: Nationwide  BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts. http://www.i-collateral.com Email: mark@i-collateral.com	Nationwide  Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728  dcastagna@nasset.com
Asset Management: NorthWest Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact rossr@sequentam.com	Asset Management:  Orange City, FL We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc.  Eric R. Sanders  Tel  386-789-9441  www.ValuedAssetSales.com  www.The-RandolphCapital.com  EQPMNTLEASING@aol.com
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to GCochran@OhioLift.com	Asset Management Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968 ecastagna@inplaceauction.com
Asset Management: South East US- AllState Asset Management  Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services.  Call Brian @ 704-671-2376. email	Asset Management: Global Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing.  testequipmentconnection.com email
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email:Jamie@bulldogasset.com  www.bulldogasset.com	Asset Management: Portsmouth, NH Unique approach improves results, keeps costs down. Repossession, Storage, Inspection, Legal, Appraisal, Transport, Remarketing. Free advice and resources. Call 855.EENGINE equipmentengine.com

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Two Month Old Male Labrador Retriever
County of Los Angeles, Baldwin Park, CA -Adopt-a-Dog

Animal ID 4641302

"I don't have a name yet and I'm an approximately 2 month old male Labrador retriever. I am not yet neutered. I have been at the Baldwin Animal Care Center since October 9, 2013. I am available on October 13, 2013. You can visit me at my temporary home at B105."

The staff/volunteers here haven't had a chance to really get to know me yet. Please visit me at the animal care center and ask about spending some one-on-one time with me.

Animal Care Center Manager:
Lance Hunter, lhunter@animalcare.lacounty.gov

Address:
4275 North Elton Street, Baldwin Park, CA 91706

Directions:
Exit the 605 Freeway at Ramona. The animal care center is located off of Ramona, between Maine and Puente Avenues.

Hours of Operation:
Monday- Thursday: 12:00 p.m. - 7:00 p.m.
Friday-Sunday: 10:00 a.m.-5:00 p.m.
Holidays – Limited Operations

Contact Us:
Baldwin Park Animal Care Center Dispatch: (626) 962-3577

Note: All calls for our animal care centers are routed through our Communication Center/Dispatch for handling.

 

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

Adopt a Pet
http://www.adoptapet.com/

 

News Briefs----

Why Banks Are Venturing into Leasing
http://www.ababj.com/community-banking/item/4112-banks-find-new-life-on-lease#!

How A Debt Ceiling Default Would Damage Banks
http://www.americanbanker.com/issues/178_194/how-a-debt-ceiling-default-would-damage-banks-1062663-1.html

Central Banks Gaming Out U.S. Default as Deadline Nears
http://www.bloomberg.com/news/2013-10-14/central-banks-begin-gaming-out-u-s-default-as-deadline-nears.html

Mobile User Count Keeps Soaring at Chase, Wells
http://bankinnovation.net/2013/10/mobile-user-count-keeps-soaring-at-chase/

AmericanWest acquires PacTrust branches in Riverside, Temecula
http://www.pe.com/business/business-headlines/20131007-banking-americanwest-acquires-pactrust-branches-in-riverside-temecula.ece

Where 25 Massachusetts Companies Got Their Name
http://www.boston.com/business/2013/10/10/what-corporate-name/2AgqPcFoZu1vUXR896ExuO/story.html

10 Things to Know for Tuesday
http://www.nytimes.com/aponline/2013/10/14/us/ap-10-things-to-know-tuesday.html?hp

[headlines]
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--You May Have Missed It

JFK assassination conspiracy theory "blown out of the water" in new book, author says
http://www.cbsnews.com/8301-505263_162-57607346/jfk-assassination-conspiracy-theory-blown-out-of-the-water-in-new-book-author-says/

[headlines]
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SparkPeople--Live Healthier and Longer

Fifteen Spooky Halloween Workout Songs

[headlines]
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Baseball Poem

1933, Reagan's voice carried him to Des Moines and WOC's larger sister station, WHO. Broadcasting over a new 50,000-watt clear-channel station that carried throughout the Midwest, Reagan became a well-known sports announcer whose specialty was creating play-by-play accounts of Chicago Cubs baseball games that the station received by wire.

    Gene Autry poem by Jack Buck

-------------------------------------------------------------------

This is from a poem written by the famous radio announcer Jack Buck, the voice of the St. Louis Cardinals for over 50 years. This was written for Gene Autry's 83rd Birthday Party in 1990. There are many similarities to Ronald Reagan:

The Last Cowboy

As America grew 
and headed west,
Gene Autry was thereand he was the best.

He tapped telegraph keys
then starred on the screen,
the greatest Saturday star
young eyes had seen.

He wore a white hat
and the kids always knew
he'd do the right thing
they wanted him to.

He could shoot at a target
and invariably hit it
while jumping a river,
and he sand as he did it.

He crooned "South of the Border"
and sang on Christmas morn,
the most glamorous cowboy
ever born.

His ride through life
is matched by no other,
a business tycoon,
yet everyone's brother.

He has enjoyed life to the fullest
and made our lives richer,
but he'd have traded it all
for a World Series pitcher.

We salute him today
and we'll love him tomorrow,
the last cowboy's life
was ours to borrow.

Little did he know
when he named his horse,
he was describing himself-
Champion, or course!

[headlines]
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Sports Briefs----

Dodgers blank Cardinals to win game 3
http://www.latimes.com/sports/dodgersnow/la-sp-dn-dodgers-cardinals-nlcs-game-3-20131014,0,883975.story#axzz2hlTXpu7M

Grading the 49ers' 30-22 victory over the Arizona Cardinals
http://www.contracostatimes.com/49ers/ci_24305472/grading-49ers-30-22-victory-over-arizona-cardinals

Chargers limit Luck, roll past Colts
http://scores.espn.go.com/nfl/recap?gameId=331014024

 

[headlines]
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California Nuts Briefs---

BART strike likely Tuesday; AC Transit could strike Thursday
http://www.contracostatimes.com/news/ci_24305462/bart-trains-running-talks-apparently-stalled

Wolverton: Apple's spaceship is landing in the wrong place
http://www.contracostatimes.com/business/ci_24302684/wolverton-apples-spaceship-is-landing-wrong-place

Offbeat tourist spots in the S.F. Bay Area
http://blog.sfgate.com/getlost/2013/10/14/offbeat-tourist-spots-in-the-bay-area/

 

[headlines]
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“Gimme that Wine”

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

In the Finger Lakes, Devotion to Riesling Shows
www.nytimes.com/2013/10/16/dining/reviews/in-the-finger-lakes-devotion-to-riesling-shows.html?ref=dining

Rob Mondavi Jr. delivers his wine in "Spook-O-Grams" leaving people SPELLBOUND
http://www.prnewswire.com/news-releases/rob-mondavi-jr-delivers-his-wine-in-spook-o-grams-leaving-people-spellbound-227067321.html

Wine Policy Day Shot Down by Shutdown
http://www.winesandvines.com/template.cfm?

Charles Banks Acquires Historic Qupé Winery in Santa Maria Valley Appellation
http://www.winebusiness.com/news/?go=getArticle&dataid=122776

California Wine Summit in pictures
http://www.thedrinksbusiness.com/2013/10/california-wine-summit-in-pictures/

Jackson Family Wines to buy Willamette Valley winery
http://wine.drinks-business-review.com/news/jackson-family-wines-to-buy-willamette-valley-winery-101013

 

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

 

   1565-Florida: the French surrendered under the terms of a truce that guaranteed them amnesty to Pedro Menendez de Aviles, the Spanish navigator, who had captured the French Huguenot colony at Fort Caroline, near present-day Jacksonville, FL. However, after they surrendered, Mendendez hanged them, putting a sign over the bodies that read: “ I do this not to Frenchmen but to Lutherans.” In 1568, the fort was recaptured by a Huguenot corsair, Dominque de Gourges, who took his revenge by killing all his prisoners. His sing read: “I do this not to Spaniards...but as to traitors, robbers, and murderers.”
    1790 -Ann Teresa Mathews (aka Mother Bernardina) and Frances Dickinson founded a convent of Discalced Carmelites (a contemplative working order) in Port Tobacco, Maryland. It was the first Catholic convent founded in the United States. 
    1840 -In Melville, Missouri, the Evangelical Synod of North America was founded. It later became one of the branches of today's United Church of Christ. 
    1858-Birthday of John L. Sullivan, boxer born at Roxbury, MA “ The Great John L” was one of America's first sports heroes. He captured the world's bare-knuckle heavyweight championship on Feb 7, 1882, and went six years without defending the tile. He won the last bare-knuckle fight in 1889 and then lost the title to James J. Corbett in 1892. This was the first fight in which the boxers used gloves and were governed by the Marquess of Queensberry rules. Died at Abindon, MA, Fe 2, 1918.
    1863-The C.S.S. Hunley, the first successful submarine, sinks during a test run, killing its inventor and seven crewmembers. Horace Lawson Hunley developed the submarine from a cylinder boiler. It was operated by a crew of eight--one person steered while the other seven turned a crank that drove the ship's propeller. The Hunley could dive, but it required calm seas for safe operations. It was tested successfully in Alabama's Mobile Bay in the summer of 1863, and Confederate commander General Pierre G.T. Beauregard recognized that the vessel might be useful to ram Union ships and break the blockade of Charleston Harbor. The Hunley was placed on a railcar and shipped to South Carolina. The submarine experienced problems upon its arrival. During a test run, a crewmember became tangled in part of the craft's machinery and the craft dove with its hatch open; only two men survived the accident. The ship was raised and repaired, but it was difficult to find another crew that was willing to assume the risk of operating the submarine. Its inventor and namesake stepped forward to restore confidence in his creation. On October 15, he took the submarine into Charleston Harbor for another test. In front of a crowd of spectators, the Hunley slipped below the surface and did not reappear. Horace Hunley and his entire crew perished. Surprisingly, another willing crew was assembled and the Hunley went back into the water. On February 17, 1864, the ship headed out of Charleston Harbor and approached the U.S.S. Housatanic. The Hunley stuck a torpedo into the Yankee ship and then backed away before the explosion. The Housatanic sank in shallow water, and the Hunley became the first submarine to sink a ship in battle. Unfortunately, its first successful mission was also its last--the Hunleysank before it returned to Charleston, taking yet another crew down with it. The vessel was raised on August 8, 2000, and will now reside in an exhibit at the Charleston History Museum.
    1878- Edison starts the General Electric Company: this day he opened the doors to the Edison Electric Company at 65 Fifth Avenue, New York City.Three thousand shares with a par value of $100 each were issued for the express purpose of financing Thomas Alva Edison's work on the incandescent lamp. J.P. Morgan and his friends were enthusiastic investors. Though commercial electric light had eluded inventors for over fifty years, Edison had vowed that he would create the first incandescent lamp, and as important, build a plant to support the electricity to run the lights. He quickly made good on his promise. His company was soon flush with profits, and competitors hoping to cash in on the burgeoning market were springing up everywhere. Reportedly learning quickly from his investors, Edison adopted the aggressive tactics of vertical integration, buying his rivals and transforming his company into a model modern enterprise, re-christening it : the General Electric Company.
    1892- by Presidential Proclamation 1.8 million acres of Crow Indian reservation were opened to settlers. The government had induced the Crow to give up a portion of their land in the mountainous western area in the state of Montana, for which they received 50 cents per acre.
    1900- Pentecostal evangelist Charles Fox Parham opened Bethel Bible Institute in Topeka, Kansas. It was here on January 1, 1901 that the first Christian in modern times was reported to have spoken in tongues: student Agnes Ozman.
    1904- birthday of Marty Mann, American social activist and author was born at Chicago, IL. She was founder in 1944 of the National Committee for Education on Alcoholism and author of A New Primer on Alcoholism. She died at Bridgeport, CT, July 22, 1980.
    1909-The first apartment house to occupy a square city block was the Belnord Apartment House, a 12-story building in New York City. It was bounded by 86th street on the south, 87th street on the north. Broadway on the west and Amsterdam Avenue on the east. At the time, it was the largest apartment house in the world. Its area was 64,614 square feet with an interior court of 22,033 square feet. It contained six separate passenger elevators and 178 suites, each with 7 to 11 rooms and two to four baths. Every room was an outside room. Annual rentals ranged from $2,100 upwards. Philip Hiss and H. Hobart Weekes were the architects.
    1915-Birthday of pianist Nellie Lutcher, Lake Charles, LA.
    1916-Birthday of trumpet player Al Killian.
( most notably for playing with Basie '40-'44, Ellington '47-'50)
    1918-The leading film studios announce they will stop releasing films temporarily because of the influenza epidemic. Many theaters had been closed by cities throughout the country to prevent the spread of the deadly virus. Two years earlier, New York City had banned children from theaters in an attempt to halt the spread of polio.
    1920 –Novelist Mario Puzo born, best known for his “Godfather” trilogy, made more famous by director-producer Francis Ford Coppola
http://www.kirjasto.sci.fi/mpuzo.htm
http://www.mariopuzo.com/biography.shtml
    1925-Birthday of guitarist/singer Mickey Baker ( Mickey and Sylvia), Louisville, KY
    1937 -- One time New Christy Minstrels member, gravelly voiced singer of "Eve of Destruction," Barry McGuire born in Oklahoma City, OK. One of the things that set them apart from the other folk groups of their time was the concept of signing new players, like all pro-sports teams. New blood was always being added to the group, while seasoned musicians went off to make careers of their own. Famed alumni include: Kenny Rogers, The "First Edition", Karen Black, John Denver, Roger McGuinn and Gene Clark, Kim Carnes and many, many more.
http://www.tsimon.com/mcguire.htm
    1937 -- Ernest Hemingway novel “To Have and Have Not” is published.
http://www.hemingwaysociety.org/
http://www.imdb.com/title/tt0037382/
http://www.culturevulture.net/Movies/ToHave.htm
    1946 - With two outs, and St. Louis Cardinals' Enos Slaughter on first, Harry Walker hit a line drive to left-center. Slaughter got an early jump as Boston Red Sox pitcher Bob Klinger failed to hold him on the bag. Leon Culberson (in center) bobbled Walker's single and shortstop Johnny Pesky hesitated on the cutoff (checking the runner on first instead of throwing home). Ignoring third base coach Mike Gonzalez, Slaughter rounded third and scored. Pitcher Harry Brecheen shut down the Red Sox in the ninth and St. Louis won the game, 4-3, and the World Series, four games to three. The '46 Series will always be remembered in Red Sox lore as the one in which “Pesky held the ball.”
    1947---Top Hits
I Wish I Didn't Love You So - Vaughn Monroe
Feudin' and Fightin' - Dorothy Shay
Near You - The Francis Craig Orchestra (vocal: Bob Lamm)
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams
    1950- the first radio paging service was instituted in New York City area by Aircall The first call was for a doctor who was on a golf course 25 miles away. Subscribers equipped with six-ounce Aircall pocket radio receivers could hear their call numbers repeated in numerical sequence on the air at least once per minute within a 30-mile area.
    1951- “I Love Lucy” premiers on television.. This enormously popular sitcom, TV's first smash hit, starred the real-life husband and wife team of Cuban actor/bandleader Desi Arnaz and talented redheaded actress/comedienne Lucille Ball. They played Ricky and Lucy Ricardo, a New York bandleader and his aspiring actress/home­maker wife who was always scheming to get on stage. Costarring were William Frawley and Vivian Vance as Fred and Ethel Mertz, the Ricardos' landlords and good friends who participated in the escapades and dealt with the consequences of Lucy's often well-intentioned plans. Famous actors guest-starred on the show, including Harpo Marx, Rock Hudson, William Holden, Hedda Hopper and John Wayne. This was the first sitcom to be filmed live before a studio audience, and it did extremely well in the rat­ings both the first time around and in reruns. The last telecast ran Sept 24, 1961.
    1952--POMEROY, RALPH E. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company E, 31st Infantry Regiment, 7th Infantry Division. Place and date: Near Kumhwa, Korea, 15 October 1952. Entered service at: Quinwood, W. Va. Born: 26 March 1930, Quinwood, W. Va. G.O. No.: 97, 30 December 1953. Citation: Pfc. Pomeroy, a machine gunner with Company E, distinguished himself by conspicuous gallantry and indomitable courage above and beyond the call of duty in action against the enemy. While his comrades were consolidating on a key terrain feature, he manned a machine gun at the end of a communication trench on the forward slope to protect the platoon flank and prevent a surprise attack. When the enemy attacked through a ravine leading directly to his firing position, he immediately opened fire on the advancing troops inflicting a heavy toll in casualties and blunting the assault. At this juncture the enemy directed intense concentrations of artillery and mortar fire on his position in an attempt to neutralize his gun. Despite withering fire and bursting shells, he maintained his heroic stand and poured crippling fire into the ranks of the hostile force until a mortar burst severely wounded him and rendered the gun mount inoperable. Quickly removing the hot, heavy weapon, he cradled it in his arms and, moving forward with grim determination, raked the attacking forces with a hail of fire. Although wounded a second time he pursued his relentless course until his ammunition was expended within 10 feet of the foe and then, using the machine gun as a club, he courageously closed with the enemy in hand-to-hand combat until mortally wounded. Pfc. Pomeroy's consummate valor, inspirational actions and supreme sacrifice enabled the platoon to contain the attack and maintain the integrity of the perimeter, reflecting lasting glory upon himself and upholding the noble traditions of the military service. 
    1954- Hurricane Hazel made landfall near Cape Fear, NC with winds near 150 mph, a category 4 storm. Tides reached 18 feet above normal with extreme destruction along the North Carolina coast. At Long Beach, 300 homes vanished, no debris remained. Every fishing pier from Myrtle Beach, SC to Cedar Island, NC, a total of 170 miles, was destroyed. As the storm came inland it quickly transformed into a powerful extra tropical storm and raced north northwestward though the mid-Atlantic states. Washington, D.C. had a record sustained wind of 78 mph with gusts to 98 mph. Hazel killed 98 and caused $251 million in damages
    1955- “Fury” premiers This popular series starred Bobby Diamond as Joey Newton, an orphan living on the streets. He is relocated to a ranch owned by recent widower Jim Newton (Peter Graves), who eventually adopts Joey. Joey's friend is a black horse given to him by Newton, called Fury. Also featured were William Fawcett, Roger Mobley and Jimmy Baird. In syndication, the series was retiled “Brave Stal­lion.”
    1955—Top Hits
Love is a Many-Splendored Thing - The Four Aces
Autumn Leaves - Roger Williams
Black Denim Trousers - The Cheers
The Cattle Call - Eddy Arnold
    1959 - Van Johnson was originally slated to play Eliot Ness, but he backed out in a dispute over money the weekend before filming was to begin. Robert Stack was hastily recruited for the starring role in "The Untouchables" on a Sunday morning. He was fitted for costumes in the afternoon, and started filming the first episode, "The Empty Chair", on Monday morning. "The Untouchables", with the chatter of machine-gun fire and the squeal of tires on the streets of Chicago, began a four-year run this day on ABC-TV. With Stack, as G-man Ness, were Nick Georgiade (as Enrico Rossi), Jerry Paris (as Martin Flaherty), Abel Fernandez (as William Youngfellow), Anthony George (as Cam Allison), Paul Percerni (as Lee Hobson), Steve London (as Agent Rossman) and Bruce Gordon (as Frank Nitti). The unforgettable narrator was radio's famous Walter Winchell.
http://www.tvparty.com/untouch.html
http://www.tvtome.com/tvtome/servlet/ShowMainServlet/showid-674/
    1963---Top Hits
Sugar Shack - Jimmy Gilmer and The Fireballs
Be My Baby - The Ronettes
Cry Baby - Garnet Mimms and The Enchanters
Talk Back Trembling Lips - Ernest Ashworth
    1963--The Rip Chords record "Hey Little Cobra", which features Doris Day's son Terry Melcher on lead vocal, with the high harmony added by future Beach Boys member, Bruce Johnson, who played in my band in high school. The record will enter the Hot 100 next January and reach #4.
    1964 - For St. Louis, it was the first time a Cardinal team had appeared in the World Series since 1946 (see above), and the first of three Series appearances in the 1960s. For the Yankees, it was their last Series appearance for 12 years, and the last hurrah in a long string of Fall Classics for legendary players Whitey Ford and Mickey Mantle. The Cards won the Series in seven games, with Bob Gibson's complete game, nine strike-out performance in game seven. Lou Brock's fifth-inning home run triggered a second 3-run inning and a 6-0 lead for Gibson. Mickey Mantle, Clete Boyer, and Phil Linz homered for New York, but it wasn't enough. The Cards won the game, 7-5, and the series, four games to three.
    1966-A bill creating the Department of Transportation, the 12th Cabinet department , was signed by President Lyndon B. Johnson.
    1966- Bill Russell made his debut as the first black coach in the NBA as his Boston Celtics defeated the San Francisco Warriors, 121-113, at Boston Garden. Russell served as the Celtics' player-coach for three seasons and won two NBA tittles.
    1966--Although they would continue to crank out the hits into the 1980s, The Four Tops enjoyed their last US number 1 song with "Reach Out I'll Be There". 
    1966-Grace Slick quits the local San Francisco band The Great Society to join Jefferson Airplane. She replaces Signe Toly Anderson, who left the band to have a baby. 
    1967--ANDERSON, WEBSTER
Rank and organization: Sergeant First Class, U.S. Army, Battery A, 2d Battalion, 320th Field Artillery, 101st Airborne Infantry Division (Airmobile). Place and date: Tam Ky, Republic of Vietnam, 15 October 1967. Entered service at: Winnsboro, S.C. Born: 15 July 1933, Winnsboro, S.C. Citation: Sfc. Anderson (then S/Sgt.), distinguished himself by conspicuous gallantry and intrepidity in action while serving as chief of section in Battery A, against a hostile force. During the early morning hours Battery A's defensive position was attacked by a determined North Vietnamese Army infantry unit supported by heavy mortar, recoilless rifle, rocket propelled grenade and automatic weapon fire. The initial enemy onslaught breached the battery defensive perimeter. Sfc. Anderson, with complete disregard for his personal safety, mounted the exposed parapet of his howitzer position and became the mainstay of the defense of the battery position. Sfc. Anderson directed devastating direct howitzer fire on the assaulting enemy while providing rifle and grenade defensive fire against enemy soldiers attempting to overrun his gun section position. While protecting his crew and directing their fire against the enemy from his exposed position, 2 enemy grenades exploded at his feet knocking him down and severely wounding him in the legs. Despite the excruciating pain and though not able to stand, Sfc. Anderson valorously propped himself on the parapet and continued to direct howitzer fire upon the closing enemy and to encourage his men to fight on. Seeing an enemy grenade land within the gun pit near a wounded member of his gun crew, Sfc. Anderson heedless of his own safety, seized the grenade and attempted to throw it over the parapet to save his men. As the grenade was thrown from the position it exploded and Sfc. Anderson was again grievously wounded. Although only partially conscious and severely wounded, Sfc. Anderson refused medical evacuation and continued to encourage his men in the defense of the position. Sfc. Anderson by his inspirational leadership, professionalism, devotion to duty and complete disregard for his welfare was able to maintain the defense of his section position and to defeat a determined attack. Sfc. Anderson's gallantry and extraordinary heroism at the risk of his life above and beyond the call of duty are in the highest traditions of the military service and reflect great credit upon himself, his unit, and the U.S. Army.
    1968-Wyomia Tyus becomes the first person to win a gold medal in the 100 meter race in two consecutive Olympiads.
    1971 - Rick Nelson was booed off the stage when he didn't stick to all oldies at the seventh Annual Rock 'n' Roll Revival show at Madison Square Garden, New York. He tried to slip in some of his new material and the crowd did not approve. The negative reaction to his performance inspired Nelson to write his last top-40 hit, "Garden Party", which hit the top-ten about a year after the Madison Square Garden debacle. "Garden Party", ironically, was Nelson's biggest hit in years, “...If you gotta play at garden parties, I wish you a lotta luck; But if memories were all I sang, I rather drive a truck.”
    1971---Top Hits
Maggie Mae/Reason to Believe - Rod Stewart
Superstar - Carpenters
Yo-Yo - The Osmonds
How Can I Unlove You - Lynn Anderson
    1971-It was a blessing in disguise when Rick Nelson played the seventh annual Rock 'n' Roll Revival Show in New York . He thought he was being booed for not playing his old hits and came away with the inspiration to write what would be his last Top Ten hit, "Garden Party", which would climb to number six in 1972. It was later revealed that the crowd was booing some trouble makers who had started a fight and were being escorted out of the building. 
    1972- Jackie Robinson threw out the ceremonial first pitch at the second game of the
World Series commemorating the twenty-fifth anniversary of his becoming the first African-American to play in modern Major League Baseball. (Blacks played with white baseball players after the Civil War, during reconstruction.)
http://memory.loc.gov/ammem/today/oct15.html
    1973 - “Sweet dreams.” Tom Snyder would use this phrase to close his late-night show, "Tomorrow", which debuted on NBC-TV this night. Tom would yuk it up with some of TV's most interesting chatter -- right after the "Tonight" show. NBC would later add critic Rona Barrett to the show. "Tomorrow" ran until January of 1982.
    1974- Watergate trial begins. The eyes of the world were focused on the United States as the trial of H.R. Haldeman, John Erlichman, John Mitchell, Robert Mardian, and Kenneth Parkinson began. Nixon had resigned, and the Watergate co-conspirators had to answer to the court for their alleged involvement in the break-in and cover-up. The trial lasted until January 1, 1975. The defendants were sentenced in February 1975.
    1976--Ike and Tina Turner split as a musical act.
    1977- Debbie Boone's "You Light Up My Life," goes #1 and stays #1 for 10 weeks.
    1977-Debbie Boone's first single, "You Light Up My Life" reaches #1 on the Billboard Pop chart, where it will stay for 10 weeks. It would go on to win a Grammy Award for Best Song and 21-year-old Debbie is named Best New Artist. The record only made it to #48 in the UK. In the 1980s she focused on Country music, resulting in the #1 hit, "Are You on the Road to Lovin' Me Again". She later recorded Christian music, which garnered her four Top 10 Contemporary Christian albums as well as two more Grammys. 
    1979---Top Hits
Don't Stop 'Til You Get Enough - Michael Jackson
Rise - Herb Alpert
Sail On - Commodores
Last Cheater's Waltz - T.G. Sheppard
    1982-Lionel Richie of the Commodores fuels rumors that he'll be leaving the group as his solo song, "Truly" is on the RandB chart at #28. The song does rise to the Top Ten on both the RandB singles and pop singles charts.
    1982-Marvin Gaye's "Sexual Healing" enters the Billboard R&B singles chart on its way to number one. The song would also make the Top 10 in the UK and the Hot 100 and later win a Grammy as Best R&B Male Vocal Performance of the Year. 
    1983-Genesis' self-titled LP became their third consecutive number one album in the UK. It included the single "Mama", the band's biggest commercial UK success, which reached #4, but was less popular in the US where it climbed to #73. 
    1986-Trailing 3-0, Ray Knight of the New York Mets keyed a three-run rally in the ninth inning to tie the score in the sixth game of the National League Championship Series against the Houston Astros. The Mets won the game, 7-6, in 16 innings, to win the longest postseason game ever and the series as well (4 hours and 42 minutes) in the sixteen innings at the Astrodome.
    1986- After being down three games to one in the ALCS, the Red Sox pull off one the greatest comebacks in playoff history by defeating the California Angels 8-1 to win the American League pennant.
    1986- Grateful Dead leader Jerry Garcia opens a sold-out two-week run of solo shows on Broadway.
    1987—Top Hits
Here I Go Again - Whitesnake
Lost in Emotion - Lisa Lisa and Cult Jam
Carrie - Europe
The Way We Make a Broken Heart - Rosanne Cash
    1987-The National Football League Players Association ordered its members to return to work without a contract, effectively ending a 24-day strike against the NFL. The players reported after the owners' deadline and were told they would not play or be paid for the upcoming Sunday's game.
    1987 Unseasonably cold weather continued in the eastern U.S., with thirteen cities reporting record low temperatures for the date. The low of 34 degrees at Montgomery AL was their coldest reading of record for so early in the season. Lows of 32 degrees at Harrisburg PA and 34 degrees at Parkersburg WV marked their third straight morning of record cold.
    1988 - "Red Red Wine", by UB40, was the first reggae hit to make it to number one in the U.S. From the album "Labour of Love", "Red Red Wine" was #1 for only one week, but turned out to be UB40's signature song.
    1988-Kirk Gibson hit a two-run, pinch-hit home run with two out n the bottom of the ninth inning to give the Los Angeles Dodgers a 5-4 win over the Oakland A's in the first game of the world Series. Gibson, hampered by a strained left knee, hobbled around the bases pumping his arm in jubilation. The Dodgers won the Series, four games to one.
    1989- Wayne Gretsky passes Gordie Howes as NHL's all time top scorer.
    1989-- Hurricane Jerry made landfall on the upper Texas coast, the latest ever for a storm in this region. The center of this very small storm passed closest to Galveston, TX which reported sustained winds of 75 mph with gusts to 100 mph. Tides along the island were six to eight feet, and rainfall totals ranged up to slightly more than six inches north of Beaumont. Three persons were killed when their vehicle was blown off the Galveston seawall into the pounding surf. Total damage along the Upper Texas Coast was estimated at fifteen million dollars.
    1991-After three days of Senate Judiciary Committee hearings on charges of sexual harassment made against Judge Clarence Thomas by a former aide, Anita F. Hill, the Senate confirmed Thomas as the 106th US Supreme Court Justice with a 52-48 vote. The vote was the closed for a 20th-century justice and made Thomas, who would replace retired Justice Thurgood Marshall, the second African American to sit on the Supreme Court.
    1993—Top Hits
Dreamlover- Mariah Carey
Right Here (Human Nature)/Downtown- SWV
The River Of Dreams, Billy Joel
Whoomp! (There It Is)- Tag Team
    1998-Top Hits
One Week- Barenaked Ladies
The First Night- Monica
I Don t Want To Miss A Thing- Aerosmith
How Deep Is Your Love- Dru Hill Featuring Redman

World Series Champions This Date

    1917 Chicago White Sox
    1923 New York Yankees
    1925 Pittsburgh Pirates
    1946 St. Louis Cardinals
    1964 St. Louis Cardinals
    1970 Baltimore Orioles