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

kitmenkin@leasingnews.org
   

 

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



Thursday, October 17, 2013




Today's Equipment Leasing Headlines

Five Point Capital No Longer Active?
 by Christopher Menkin
  Classified Ads---Collections
Optimism/Renewed Energy NEFA 2013 Funding Symposium
 by John G. Rosenlund, CLP
  MicroFinancial Reports almost 12% New Income, 3rd Q
 New Hires—Promotions
  Why I Became a CLP
   Chet M. Zeken, CLP, Director of Sales, Go Capital
Federal Reserve System Beige Book
   ELFA Conference Registration Available Only Onsite
    ---NAELB New Hotel Info Plus Up-Dates
     America’s Favorite Halloween Candy
      By Alexander E.M. Hess, 237wallst.com
       Ecologic Leasing Services Now LeaseAccelerator Services
        Fleet Financing Resources Reports YTD Earnings Up 32%
         Regulators Release Amended Consent Orders for EverBank
 Captain Phillips/Machete Kills
  The Conjuring/Tabu/The Uninvited
   Film/DVD Reviews by Leasing News' Fernando Croce
    Labrador Retriever Mix
     Portland, Oregon Adopt-a-Dog
News Briefs---
Congress passes debt deal
 Mortgages tick up
  Commonwealth Income & Growth Settles $1.5MM Claim
   Forbes: Changes Ahead For Lease Accounting
    CIT Maritime Finance/RS Platou Finans Cooperation Agreement
     Fed's expected ‘taper’ of easy-money policies gets pushback from abroad
       SunTrust to cut 800 jobs in mortgage business
        10 Things I Want From My iWatch

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

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
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          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
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######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer



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We are free!


[headlines]

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

Five Point Capital No Longer Active?
by Christopher Menkin


In writing about the top five leasing company web sites, Five Point Capital, San Diego, California, has always appeared the last few years, but in the last go round the Alexa rating of the site had "no data" in US and worldwide was 5,368,980. The web site itself, including the logo had changed:


www.fivepointcapital.com

The web site also stated it was "Portfolio Management Services" and where to fax a payment or call in a debit/credit card payment. (1) The toll free number did not answer. An email to co-founder and CEO David Gilbert was not returned.

Leasing News was told by several sources that Gilbert was a co-founder of Quick Bridge Funding, primarily in business loans. The company had recently hired Jim Grant away from LEAF (see New Hires-Promotions).

Five Point Capital was often named one of the fastest growing companies in San Diego, who in 2005 had 120 employees.

http://www.leasingnews.org/archives/September%202006/09-27-06.htm#5pt


The company had up to 210 employees at one time.



In April, 2012 David Gilbert, CEO, gave an exclusive interview to Leasing News that he was going heavily into working capital loans, cutting down on leasing. He had bought out the 50% interest from his partner Dan Feder, and had let go Greg Wells, Tamara Court, CCE, CLP, and Michael Losey, and his director of marketing, Jason Norton. (2)

The company in 2013 noted that it was hiring salesmen and was now up to 40 employees.
http://www.leasingnews.org/Brokers/broker_Lessor.htm#five

While the company had 72 complaints with BBB the last 3 years, it maintained an A+ rating.
http://www.bbb.org/san-diego/business-reviews/financial-services/five-point-capital-in-san-diego-ca-20001011/

Its status today appears to be managing its existing portfolio.

(1) www.fivepointcapital.com
(2) http://leasingnews.org/archives/Apr2012/4_18.htm#five_point

 

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

Classified Ads---Collections

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


Long Grove, Illinois

Financial services professional with a proven track record of positively impacting corporate finances through effective management of cash flow, collections and financial assets. Strategic thinker capable of analyzing financial issues and processes in order to implement changes that improve efficiency and profit margins. Well-versed in all aspects of corporate financial affairs. roborgaard@aol.com | Resume


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





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


Optimism/Renewed Energy at NEFA 2013 Funding Symposium
by John G. Rosenlund, CLP

A renewed feeling of optimism and energy was on strong display at the National Equipment Finance Association 2013 Funding Symposium held October 10-12th, 2013 at the Marriott at Vanderbilt University in Nashville, Tennessee.

During the Welcome reception and other networking events, the general tone of the attendees and the record number of exhibitors was positive and focused on our efforts being directed to the future and less in the past. Expanding business opportunities, developing new and long term funding sources along with lean management techniques were discussed and shared.

The last several conferences we have seen increasing confidence levels amongst the membership. Based on the discussions and comments from the attendees and the increase in first time attendees which were mostly all brokers/lessors, this trend is very strong and we expect it to continue industry wide. We even had several new Canadian sources attend, which is also a strong indicator of an expanding marketplace.

Last year 181 attended and this year a record crowd of 220 registered leasing and finance professionals enjoyed timely educational sessions ranging from management efficiency, working with funding sources, and gaining access to funding sources, government legislative impact on the finance industry along with workshops on how to value your company and trends in business and consumer credit scoring and analysis.

Pre-conference activities included a golf outing, a Certified Leasing Professional (CLP) master review class, committee meetings and a special ambassador orientation for the 30+ first time attendees on how to maximize their experience at the conference.

The keynote speaker, Mr. Kent Adams of Caterpillar Financial Services presented an informative look at CFS and how they instill their core values of customer and dealer service to its global workforce.

At the Friday luncheon, we welcomed special guests.


Corey Bell
President of the National Association of Equipment Leasing Brokers


Dennis Brown
vice-president, State Government Relations for the Equipment Leasing and Equipment Foundation.

At the annual business meeting, the 2014 Officers and Board of Directors were elected (announced in the Tuesday edition of LN: http://leasingnews.org/archives/Oct2013/10_15.htm#nefa ) along with the presentation of several special awards.

The Cindy Spurdle CLP volunteer of the year award was presented to Nancy Geary of ECS Financial Services by Reid Raykovich, CLP Foundation director. The Chris Walker Memorial Member of the year award was presented to Chris Enbom of Allegiant Partners by Jean and Madeline Walker, Chris’ wife and daughter, as well as myself as NEFA President. Executive director Gerry Egan presented the Conference Chairperson, Stephanie Hall of Bryn Mawr Funding, a special award for her efforts and results.

It was both an educational and good time held by all. The Spring Summit conference will be held April 2-4th, 2014, at the Scottsdale Resort and Conference Center in Scottsdale, Arizona.

Hope to see you there.

John G. Rosenlund, CLP
Director-Risk Management
Portfolio Financial Servicing Company
7303 SE Lake Rd
Portland, OR 97267
503-721-3211 V
800-570-1662 F
jrosenlund@pfsc.com
www.pfsc.com

 



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

MicroFinancial Reports almost 12% New Income, 3rd Q


MicroFinancial, Burlington, Massachusetts, specialists in micro leasing, with minimum lease amount of $500, reported Net income increased by 11.8% to $2.6 million for the quarter ending September 30, 2013.

Year of year comparisons

  • Cash received from customers was $34.0 million or $2.31 per diluted share which represents an increase of 12.1%.

  • Revenue increased by 4.7% to $15.7 million.

  • Originations increased to $23.6 million as compared to $23.3 million.

 

Richard Latour
President/CEO

“As we have mentioned in the past, with our continued focus in the micro-ticket segment, our average funded amounts per contract have declined by 10.4% year over year from approximately $5,300 to $4,800 which is the reason for a slight decline in originations year over year,” Richard Latour, President and Chief Executive Officer said.

"Despite this decline, we have seen a steady growth in the number of leases originated, the number of applications and application dollars received increasing by 9.5%, 6.7%, and 5.5%, respectively year over year. Lastly, we signed up 246 new vendors for the quarter.

"We continue to be very pleased with our overall financial performance with increases in profitability, revenues and cash flows."

Full MicroFinancial Press Release

Working Capital Loans $10,000-$250,000
 

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

New Hires—Promotions


 

George Bacigalupo has been promoted from managing senior credit officer at Berkshire Bank, Woburn, Massachusetts, to " Executive Vice President - Commercial Banking responsible for business banking, including the asset based lending and leasing business lines. Berkshire's Regional Commercial Leaders will now report to Bacigalupo, who reports to Michael Daly, Berkshire's President and CEO." He joined the bank June, 2011 "... He was EVP of Specialty Lending at TD Banknorth, where he established the ABL and other middle-market lending groups as well as oversaw commercial banking relationships with $5 billion in total committed credit. Subsequently, at TD Bank he was the Senior Lender for New England with the highest lending authority for all commercial relationships." Boston College BS, Accounting, Suffolk University - Sawyer School of Management, MBA.
www.linkedin.com/pub/george-bacigalupo/10/5b9/671

John Geist joined Synovus Financial Corporation, Columbus, Georgia, July, 2013; recently announced president of the new Equipment Financial Group, to be based in Charleston, South Carolina. He is presently out of Sarasota, Florida area. Previously he was managing partner, StonesStreet Capital (2002-July, 2013), former partner, Crested Butte Brewing Company (September, 2006-2010), executive vice president, Bank of America (1978-2001), president, NationsBanc Leasing Corporation (1991-1998).Duke University Bachelor of Science, Business Administration.
www.linkedin.com/pub/john-geist/a/464/87a/

James J. "Jim" Grant hired as vice president, Quick Bridge Funding, Orange, California. Previously Vice President, LEAF Financial Corporation (February 2006 – October, 2013), vice president, Financial Federal Credit (February, 2001-February-February,2006), North American director, CNH Capital (January, 1999-January, 2001), director of legal operations, American Express Business Finance/Rockford Industries (1994-1999), director of legal operations, SEQUA Capital (January, 1989-January, 1994), national collection manager, Credit Alliance Corporation/Leasing Service Corp.(January, 1984-January, 1989),collections/dealer supervisor, General Motors Acceptance Corp. (January, 1982-January, 1984.
www.linkedin.com/pub/jim-grant/49/ab0/35a

Tadd Herrin named senior vice president of business development for Synovus Financial Equipment Finance Group, Charleston, South Carolina. He is in Charlotte. Previously he was owner of Aircraft Capital (July, 2006-August, 2013), vice president and regional manager, business aircraft group, Key Equipment Finance (October, 2003-June, 2006), senior vice president and managing director, business aircraft group, Bank of America (August 1993-November, 2001), manager, aircraft leasing & financing, GE Capital (October,1984-August, 1993), marking support specialist/collections/workouts, CIT (August, 1982-October, 1984).University of Mississippi - School of Business Administration, BBA, Banking and Finance (1978 – 1982).
www.linkedin.com/pub/tad-herrin/19/790/a75

Tammy Kady, CLP, named business development leader at McLeod Financial, Greater Seattle, Washington area. Previously she was vice-president & operations manager, First Sound Bank Leasing (formerly Puget Sound Leasing) (September, 2006-September, 2013). AVP-Funding Manager, Financial Pacific Leasing (1989-2006). Certified Leasing Professional.
www.linkedin.com/pub/tammy-kady-clp/21/575/a77

Chris Legris named senior vice president, asset management at Synovus Financial Corporation Equipment Finance Group; he is based in Melbourne Florida. Previously he was president, asset manager/appraiser, Sea El Corp (2003-October, 2013), direct, business development, Textron Finance Corporation, Asset control, LLC (2001-2003), regional manager, VerticalNet, In. VerticalNet Asset Remarking (2000-2001), asset manager, technology management and finance, Bombardier Capital, Inc. (1998-2000), director of marketing , consumer finance division , Bombardier Capital (1998-200), senior management, asset management & operations, Barnett Banks, Barnett business Finance Corp. (1996-1998), vice president asset management & information technology, First Security Corporation, First Security Leasing Company (1994-1996), equipment analyst/asset management, Bank Austria, Z-Landerbank Bank Austria AG, LB Credit Corporation (1991-1994), seikor/equipment specialist, McDonnell Douglas Corporation, McDonnell Douglas Finance Corporation (1986-1991).California State University Long Beach, BS, Business Admin, Financial Management (1981 – 1983). American Society of Appraisers Accredited Senior Appraiser, Machinery & Technical Specialties Principles of Valuation: MTS202, 203 and 204; Uniform Standards of Professional Appraisal Practice; Ethics Standards; Appraisal of Inventory; Marine Survey; and various other courses and seminars by American Society of Appraisers and Equipment Leasing & Finance Association. American Society of Appraisers, Accredited Senior Appraiser, Machinery & Technical Specialties, initial certification 1998, Re-certification Certificates 2003, 2008, and 2010 expires 2015 Past National Association of Securities Dealers: Series 7 & 4 Past California Real Estate Salesperson Past Treasurer – Toast Masters Past Advisor – Junior Achievement.
www.linkedin.com/pub/chris-legris-asa/6/199/874


Joseph "Joe" McMullin named senior vice president—equipment finance, GE Capital, Corporate Finance; based in Cleveland, Ohio, specializing in developing financing solutions for middle-market companies across Northeast Ohio. Previously he was president, KASSCO (July, 2010-August, 2013), vice president, relationship manager, corporate banking, PNC Financial Services Group (January, 2009-July, 2010), vice president, relationship manager, corporate banking, National City Bank--acquired by PNC Financial (August, 2003-December, 2009), president & CEO, ICOR Communications (October, 2000-December, 2003), regional sales manager, TeliSmart.com (October, 1999-September, 2000)US Navy Lieutenant (O-3)-IT program & project manager, National Security Agency (July,1998-September, 1999), naval aviator, Lieutenant, US Navy (May, 1992-July, 1998). Languages: Spanish, Japanese. Coach, Youth Sports, Naval Base, Rota, Spain (July 2010 – June 2013) Founder - Kassie's "Lap for Lupus", Lupus Foundation of America (October 2005 – October 2009), Health Treasurer, Hudson Economic Development Corporation (August 2006 – July 2010).University of Michigan - Stephen M. Ross School of Business, MBA, Finance, International Business (2001 – 2003), Activities and Societies: Summer Language Institute: Intensive Arabic United States Naval Academy, BS, Economics and Engineering (1988 – 1992). Activities and Societies: Minor Japanese.
www.linkedin.com/pub/joseph-mcmullin/1/9b6/76a


Ricky Mims named senior vice president of business development for Synovus Financial Equipment Finance Group, Charleston, South Carolina. Previously he was president, Diversified Appraising and Consulting Services, LLC (July, 2009-October, 2013), vice president business development, Fifth Third Bank (June, 2007-June, 2009), managing director, Regions Financial Leasing (April, 1978-June, 2008).American Society of Appraisers, Accredited Senior Appraiser, Machinery and Equipment Valuation Required Courses (2008 – 2009), Columbia Graduate School of Business Graduate of Institute of Lease Management, (1992 – 1993), Auburn University at Montgomery, Master’s Degree, MBA, (1985 – 1988), Auburn University BS, Business Administration (1969 – 1973).
www.linkedin.com/pub/ricky-mims/1a/698/575

Eric Myers named president, Diversified Transportation Finance, Park City, Utah. Previously he was vice president of marketing, TAB Bank (October, 2010-August, 2013), director of business development, Transfac Capital (June, 2006-October, 2010), divisional business development, Transportation Alliance Bank (June, 2001-June, 2006), regional fuel card sales, Flying J (2001-2003), branch lending manager, TCF Bank (June, 1992-September, 2000).University of Saint Thomas - School of Business, Masters, Marketing (1994 – 2000), Augustan College (SD), BA, Bus. Admin and Communications (1988 – 1992). Activities and Societies: Football.
www.linkedin.com/in/tabbank

Bill Orr named senior vice president of business development
for Synovus Financial Equipment Finance Group, Charleston, South Carolina. "His experience includes previous positions with Barclays, Westinghouse Credit, and Bank of America." Jim Shaw named senior vice-president, documentation and transaction manager for Synovus Financial Equipment Finance Group. "Shaw previously worked at NationsBank/Bank of America as well as Global Capital Finance.

Mathew Travis named northwest regional vice president, ATEL Securities, San Francisco, California. Previously he was vice-president, Western region, Hartman Income REIT (January, 2011-October, 2013), regional vice president, West Coast, Advanced Marketing Services (2009-2011), national key accounts manager, Paladin REIT (2007-2009), national key accounts manager, ATEL Securities Corporation (2004-2008), business litigation attorney, Valas & Associates, P.C. (2003-2005), client services & quality assurance representative, MIFS Investment Management (October, 1996-September, 2000).Northeastern University School of Law, J.D, Law (2000 – 2003) Areas of Concentration: Corporate Finance & Modern Real Estate Development Hobart and William Smith Colleges, B.A., English, Economics (1994 – 1998) Recipient of 1998 Durfee Scholar Award for Outstanding Academic Achievement Dean's List 1995-1998,Alumni Association Award Nominee (1998) Activities and Societies: Sigma Chi Fraternity, member Student Government Representative 1996-1998 Finance Council Representative, 1996-1998 Student Literacy Corps Volunteer, 1996-1998 Co-Creator and Teacher's Assistant of First-Year Seminar.
www.linkedin.com/in/mjtravis/




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

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.


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


Why I Became a CLP


Chet M. Zeken, CLP
Director of Sales
Go Capital


Everyone who has sold in our industry has heard many prospects and vendors make generalizations (some positive and some negative) about leasing. But the fact is, not everyone in leasing has the same passion and desire for mutually beneficial relationships and customer retention/relationship skills. Nor do they have the will, the desire, the guts, to stick it out through the tougher times, especially to continue to learn about the industry, to recognize the mistakes and to learn to make the right decisions to gain more sales and repeat business.

Challenging myself to pass the Certified Leasing Professional exam was not an easy decision… and it took a while to get there. I have a life outside of the office, give my all during the day, and I knew that I had to make the time as the test would not be a breeze by any means.

I concluded there is no better way to demonstrate my commitment to success and sound business practices than to pass the exam for the only certification that the leasing industry offers. I knew this was very important, so I created the time to study and more importantly, made up my mind I was going to pass the test!

To gain the best chance for success, I signed up for the study sessions as well as the exam. The classes went for two days (Friday and Saturday from 8a-5p) and the 8 hour exam was on Sunday. The instructors were fantastic and I felt the classes were invaluable. My recommendation to anyone interested in becoming a CLP is to read the book AND take the prep classes. There may be a lot of information that you are learning for the first time regardless of your tenure, plus having the assistance of the instructors through a few challenging sessions can definitely boost your confidence and ability to pass the exam.

Receiving the phone call from Reid Raykovich, CLP Foundation director, congratulating me on passing was a moment that I will not forget. After years of bouncing back and forth between whether I should take the exam, then putting it off, I had finally accomplished what only a small handful of individuals in leasing have. I am truly honored to be a CLP and am very thankful to those that provided assistance along the way.

In the short time that has gone by since I passed the exam, I have made great relationships with other CLPs. I am seeing quite a bit more referred business and I have set myself apart from the many people in our industry who have yet to challenge themselves in the same fashion.

After years of hearing prospects and vendors make generalizations about our industry, it became apparent that differentiation is not only important, it’s critical. Publicly holding yourself to higher standards by becoming a CLP is a great way to boost your career and open doors. Congratulations to the many other new CLPs who took their test at the same time I did…we set a record for the highest number passing in one sitting and I absolutely hope that record is broken very quickly by an even larger group of leasing professionals who are just as committed to themselves and their careers as we are.


The fourth edition has new chapters on Agriculture and Insurance with expanded sections on Lease Pricing and Asset Management - Collections. The History, Classification and Tax and Accounting chapters have also been updated to reflect the pending changes in the FASB and IASB Exposure Draft. Whether you’re a college student, entry level leasing associate, or an old pro, this book is an invaluable resource.

(To learn more about the CLP Handbook)
http://www.clpfoundation.org/toolbox/clp_handbook.php

CLPs in Good Standing
http://www.clpfoundation.org/members/members.php

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


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.

 


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

Federal Reserve System Beige Book


Banking and Finance

Financial conditions were little changed on balance from the prior reporting period. Overall loan growth remained modest in most Districts. Consumer loan demand weakened slightly. Reports on mortgage lending were mixed. Several Districts noted a decrease in mortgage lending, citing higher mortgage rates and reduced refinancing activity. However, mortgage originations continued to rise in Philadelphia, Richmond, and Dallas, and rising home prices led to an increase in home equity lending in Philadelphia, Chicago, and San Francisco.

Chicago, Cleveland, and Atlanta noted an increase in auto lending, while credit card volumes decreased slightly in Philadelphia. Business loan demand edged higher, with several Districts noting a pick-up in both commercial and industrial and commercial real estate lending.

The Philadelphia, Cleveland, Richmond, Chicago, and Dallas Districts reported intense competition on pricing and terms for commercial and industrial loans. In addition, contacts in Philadelphia and Chicago expressed concern about an easing of credit standards on these loans. Overall, however, lending standards were largely unchanged and credit quality continued to improve moderately.

Leasing activity continued to improve modestly in most Districts

Boston

New York

Philadelphia

Cleveland

Richmond

Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Dallas

San Francisco

Summary

Full Report




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


ELFA Conference Registration Available Only Onsite
---NAELB New Hotel Info Plus Up-Dates





October 20-22
ELFA 52nd Annual Convention
JW Marriott Grande Lakes-Orlando, Florida



You can only register onsite
Non-member Attendee $3720.00
First Member Attendee $1860.00
Additional Attendee $1600.00
First Time Attendee* (Members Only) $1165.00

Hotel Recommendation for Availability
JW Marriot Grande Lakes
Orlando, Floria
Phone: 1-800-266-9432
LINK

List of Exhibitors and Program Guide
http://www.elfaonline.org/events/2013/AC/exhiblist.cfm

Shawn Halladay of The Alta Group will be reporting on this
important conference for Leasing News readers




November 1-2, 2013
2013 Eastern Regional
Nashville, Tennessee

If you renew your 2014 dues before October 31, 2013, you can apply the $125 voucher to this year's Eastern Regional Meeting in Nashville instead!
This makes your registration FREE!

Due to high demand, the 2013 Eastern Regional Meeting hotel has sold out! There are a few hotels close to the Sheraton Music City hotel
so you can still attend the regional and reap the benefits!

NAELB Recommends

Embassy Suites Nashville - Airport
10 Century Boulevard, Nashville, Tennessee, 37214
Phone: (615) 871-0033
http://embassysuites3.hilton.com/en/hotels/tennessee/embassy-suites-nashville-airport-BNANAES/index.html

Extended Stay America - Nashville - Airport - Music City
727 Mcgavock Pike, Nashville, TN
Phone: (615) 208-7241
http://www.extendedstayamerica.com/hotels/tn/nashville

Nashville Airport Marriott
600 Marriott Drive • Nashville, Tennessee 37214
Phone: (615) 889-9300
http://www.marriott.com/hotels/travel/bnatn-nashville-airport-marriott/

Eastern Regional Exhibitors

360 Equipment Finance
AmeriMerchant
Amerisource Funding, Inc.
Axis Capital
Bankers Capital
Blue Bridge Financial, LLC
Bryn Mawr Funding
BSB Leasing, Inc.
Channel Partners LLC
CLP Foundation
Dakota Financial LLC
Financial Pacific Leasing, LLC
First Federal Leasing
Great American Insurance Group
instaCOVER
Merchant Cash & Capital, LLC
MicroBilt Corporation
NCMIC Finance Corporation
Pawnee Leasing Corporation
Preferred Business Solutions
RLC Funding
TEAM Funding Solutions

Registration
PDF Link



Dwight Galloway, CLP, Senior V.P. Broker Operations. RLC Funding
will be reporting on the NAELB Conference for Leasing News Readers

 


 

November 6-8, 2013
Boca Raton Resort Club, Boca Raton, FL


Conference Preliminary Agenda
http://www.aglf.org/sites/default/files/2013_PreliminaryScheduleEvents.pdf

Registration
http://members.aglf.org/source/events/event.cfm?event=FALL13

$875 Conference Registration
$400 Governmental Registration
(employees of state and local governments)10% Off First time attendees

Hotel Information
http://www.aglf.org/sites/default/files/2013_Hotel.pdf

Travel Information
http://www.aglf.org/sites/default/files/2013_Travel%20Info.pdf

Backpack Stuffing Program
http://www.aglf.org/sites/2013_Backpack%20Stuffing%20Program.pdf

 



 

Commercial Finance Association
69th Annual Convention
November 13 - 15
JW Marriott Los Angeles at L.A. LIVE
Los Angeles, CA


Schedule of Activities
Link

Standard Registration Fees
(Saturday, August 31, 2013 – Friday, November 8, 2013)
Member: $1,295
Non-member: $1,895

On-site Registration Fees
(After Friday, November 8, 2013)
Member: $1,395
Non-member: $1,995

Registration
Link




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


America’s Favorite Halloween Candy
By Alexander E.M. Hess, 247wallst.com

Each of the 10 best-selling chocolate brands is owned by either the Hershey Company (NYSE: HSY) or Mars Inc. In the past year, Hershey made close to half of all standard-sized chocolate sales in dollars, and Mars accounted for nearly 38% of sales. Only two of the 20 most popular products, Nestlé’s Butterfinger and Crunch, were made by another company.



10.
Almond Joy
Sales: $82.25 million
Unit sales: 79.39 million
Average price per unit: $1.04
Introduced: 1946
Company: Hershey Co.

Almond Joy was introduced in 1946 as a version of the Peter Paul Mounds chocolate bar. Peter Paul merged with Cadbury Schweppes in 1978, and roughly 10 years later, Hershey acquired the company’s U.S. business. In the past 12 months, the brand was one of just 10 to sell more than $80 million in the under 3.5 oz. bar category, the size customers typically buy at the checkout line in a grocery store or supermarket.


9.
Milky Way
Sales: $93.46 million
Unit sales: 90.83 million
Average price per unit: $1.03
Introduced: 1923
Company: Mars Inc.

Mars has been selling Milky Way bars since 1923. The bar is not directly named after the galaxy containing our solar system, as some believe, but after a once-popular malted milk shake.


8.
Hershey’s Cookies ‘N’ Creme
Sales: $100.70 million
Unit sales: 98.92 million
Average price per unit: $1.02
Introduced: 1994
Company: Hershey Co.


7.
3 Musketeers
Sales: $101.27 million
Unit sales: 90.79 million
Average price per unit: $1.12
Introduced: 1932
Company: Mars Inc.


6.
Twix 4 To Go
Sales: $116.13 million
Unit sales: 74.49 million
Average price per unit: $1.56
Introduced: 1993
Company: Mars Inc.


5.
Kit Kat
Sales: $306.51 million
Unit sales: 275.88 million
Average price per unit: $1.11
Introduced: 1935
Company: Hershey Co

The Kit Kat brand, owned by Nestle, is popular worldwide. The Hershey Company, however, licenses and manufactures the chocolate in the United States.


4.
Hershey’s
Sales: $324.63 million
Unit sales: 308.42 million
Average price per unit: $1.05
Introduced: 1900
Company: Hershey Co.


3.
Snickers
Sales: $456.91 million
Unit sales: 412.81 million
Average price per unit: $1.11
Introduced: 1930
Company: Mars Inc.

Snickers has been around since 1930, and in recent years has made a major advertising push with its celebrity-filled, “You’re not you when you’re hungry,” campaign. The first commercial in the campaign, which aired during the 2010 Super Bowl, featured actress Betty White getting tackled in a backyard football game. It was an instant sensation.


2.
M&M’s
Sales: $500.82 million
Unit sales: 435.18 million
Average price per unit: $1.15
Introduced: 1941
Company: Mars Inc.



1.
Reese’s
Sales: $509.85 million
Unit sales: 407.44 million
Average price per unit: $1.25
Introduced: 1928
Company: Hershey Co.

Overall, with Reese’s and several other major brands sales growing over the past 12 months, the Hershey Company dominated the market for standard-size chocolate candy, accounting for roughly 49% of customer spending. Halloween marks a major sales opportunity for Reese’s as well. The brand leads in sales of snack-sized packages, which are often given out to trick-or-treaters.


Full Story:
http://247wallst.com/special-report/2013/10/16/americas-favorite-halloween-candy/


John Kenny Receivables Management
www.jrkrmdirect.com

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

The Solution to Your Credit & Accounts Receivable Needs 
John Kenny
315-866-1167 |  John@jkrmdirect.com

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

[headlines]
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##### Press Release ############################

Ecologic Leasing Services Now LeaseAccelerator Services


New Branding Reflects Commitment to Lease Accounting SaaS
and Its Global Community
By LeaseAccelerator Services

WASHINGTON / -- Ecologic Leasing Services, the LeaseAccelerator SaaS company, today announced it is changing its name to LeaseAccelerator Services. The new name more closely unifies the asset-centric lease accounting software for lessees with the company behind it. The change is effective immediately.

In 2001, Ecologic Leasing Services began work on a web-only, hosted software platform to automate the procure-to-pay cycle for multinational lessees. That was the birth of LeaseAccelerator, said Michael Keeler, CEO at Ecologic Leasing Services. Several years later, when we saw the potential for the software services we had built, we decided to focus 100 percent on the cloud-based delivery model and radically lower our cost to customers by reducing our cost of customer acquisition. Now with this name change, our goal is to align the name of the company with what we do.

The LeaseAccelerator SaaS and its lesseadvocate.com community website are unaffected by this change. LeaseAccelerator Services has changed its corporate website from ecologicleasing.com to http://www.leaseaccelerator.com/.

As part of today’s announcement, the company launched a new website at www.leaseaccelerator.com. It includes sophisticated pricing tools that allow customers to explore LeaseAccelerators features, select only the discrete services they need, generate a customized price quote, configure their payment preferences, and even calculate their savings and Return on Investment by manipulating more than 20 variables.

Most finance executives think transitioning to the proposed FASB and IFRS lease accounting standard is simply an unavoidable compliance cost. With LeaseAccelerator, it can be a major cost-savings project with a fast payback. We have the ROI model and case studies with Fortune 500 companies to prove it. Its all on our new website, said Keeler.

LeaseAccelerator is the leased asset management and FASB lease accounting software popular among controllers, accountants, treasurers, and procurement professionals of corporate lessees due to the ease and speed of enabling stakeholders around the world to maximize economic performance and contribute to accurate and timely financial reporting.

Common uses of LeaseAccelerator include reducing cost of capital on the front-end by bidding lease transactions to lessors registered in the Global Lessor Network, saving 4-8 percent; preventing evergreen leasing on the back-end through automated notifications and timely refresh, saving 4-15 percent; reporting contractual obligations for capital and operating leases under current GAAP; and preparing for the proposed FASB lease accounting standard changes, which requires asset-centric lease accounting and multiple sets of books.

About LeaseAccelerator:
LeaseAccelerator develops, sells, and supports a suite of software services for global equipment lessees called LeaseAccelerator. LeaseAccelerator software services are available today over the web at www.leaseaccelerator.com. In addition to complete lease accounting capabilities for current GAAP and the new FASB standard, LeaseAccelerator offers global capital sourcing for leased equipment including access to The Global Lessor Network (GLN), a community of more than 500 lessors around the world who compete to win our clients business. Using the GLN, global companies with a need for in-country leasing expertise and financing can identify and transact with local lessors.

Since 2001, LeaseAccelerator has supported transactions in 45 countries, spanning a wide variety of asset types, including aircraft, construction, car and truck fleets, energy, industrial, infrastructure, IT, material handling, medical, mining, and networking. Lessors are encouraged to register for the GLN at www.lessornetwork.com.

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

Fleet Financing Resources Reports YTD Earnings Up 32%



Riverside, California,– Fleet Financing Resources, LLC. (FFR) reported year-to-date results through Q3/13 compared to same year earlier period, including, Revenues up 16% to $2.3million, Funding Volume up 4% to $38million, and Net Income up 32% to $1million. FFR manages a current portfolio book value of $105 million and expects total funded volume of $50 million in 2013.

The year-over-year results are attributable to margins increasing 24%, and a 53% decrease in reserves for credit losses due to higher quality portfolio performance.

FFR’s President and CEO Dave Reynolds commented, “We have broadened our lending platform and are now strategically allying, through proprietary agreements, with seven financial institutions operating on a nationwide scale. We are extremely proud of our third quarter results and will continue to offer a broad funding menu of products and services tailor to our customer’s specific needs.”

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

 

 

 

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

Regulators Release Amended Consent Orders for EverBank


WASHINGTON—The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board today released amendments to their enforcement actions against EverBank and EverBank Financial Corp. The amendments memorialize an agreement announced in August requiring the bank to pay approximately $37 million to more than 32,000 eligible mortgage borrowers affected by unsafe and unsound practices in mortgage loan servicing and foreclosure processing.

The agreement in August with the OCC requires the bank to pay mortgage borrowers whose homes were in any stage of foreclosure in 2009 and 2010. Payments will range from $1,050 to $125,000 plus equity, where appropriate. Eligible borrowers will be contacted directly by a third-party paying agent and do not need to take further action to receive compensation. Additional information about payments to eligible borrowers will be provided when available.

EverBank will also pay approximately $6.3 million to organizations certified by the U.S. Department of Housing and Urban Development (HUD) whose principal mission is providing affordable housing, foreclosure prevention, and/or educational assistance to low- and moderate-income individuals and families. Organizations selected for payments from EverBank are subject to non-objection from the OCC. EverBank also will evaluate each eligible borrower currently in any stage of foreclosure for a new loan modification, where investor contracts allow, and will establish a special complaint process to resolve borrower complaints regarding credit report errors.

Previously, the OCC and the Federal Reserve reached agreements with Aurora Bank, Bank of America, Citibank, GMAC Mortgage, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo.

As with the previous agreements, borrowers who accept a payment will not be prevented from taking other action related to their foreclosure. Servicers are not permitted to ask borrowers to sign a waiver of any legal claims against their servicer in connection with accepting these payments. Federal examiners continue to monitor the servicers’ efforts to correct mortgage servicing and foreclosure practices as required by the orders previously issued against the servicers.

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

 

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

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Fernando's View
By Fernando F. Croc

Two adventures, one solemn ("Captain Phillips") and the other giddy ("Machete Kills"), come to theaters, while DVD releases supply viewers with horror both new and old ("The Conjuring," "The Uninvited") plus a remarkably original drama ("Tabu").

In Theaters:


Captain Phillips (Columbia Pictures): A specialist in white-knuckle dramatic rollercoasters, British director Paul Greengrass ("United 93," "The Bourne Ultimatum") teams up with Hollywood superstar Tom Hanks for a thriller that's sure to show up at next year's Academy Awards. Hanks stars in this true-story as Richard Phillips, an American sea captain whose cargo freighter was hijacked by a bunch of Somali pirates in 2009. As he and his crew are taken hostage in the middle of the ocean, Phillips must use every inch of his ingenuity to stay alive, leading up to a shattering conclusion. Using the intimate yet kinetic style of camerawork that's been his trademark since his early success "Bloody Sunday," Greengrass goes for the audience's emotional throat in scene after scene, helped enormously by Hanks' brand of everyday decency and unassuming heroism.


Machete Kills (Open Road Films): With this sequel to "Machete," writer-director Robert Rodriguez cements his position as a prodigious purveyor of giddy, knowingly schlocky entertainment. The inimitable Danny Trejo returns as Machete, the deadly super-agent who's forcibly brought out of retirement by the government for one more mission. This time, he's persuaded by the U.S. President himself (Charlie Sheen, in one of the film's many cheeky cameos) to slash his way through the harsher corners of Mexico in search of a pair of villains (Demian Bichir and Mel Gibson) who plan to launch missiles into space. Often bordering on the delirious, the plot is really just an excuse for Rodriguez to orchestrate a string of breathless, hilarious stunts and confrontations, backed by a cast that includes Antonio Banderas, Cuba Gooding Jr. and even Lady Gaga.

Netflix Tip: With the death of Stanley Kauffmann (1916-2013), film criticism has lost one of its most concise and intelligent practitioners. So in homage to this important writer, check out Netflix for some of his favorites, which include art-house classics like "8 1/2" (1963) and "Scenes From a Marriage" (1973) as well as American hits like "Natural Born Killers" (1994) and "Out of Sight" (1998).

On DVD:

The Conjuring (Warner Bros.): Audiences looking for a truly spooky ride could hardly ask for more from this unsettling horror tale, directed by modern genre staple James Wan ("Saw") from a reportedly true story. Set in the early 1970s, the film follows Lorraine and Ed Warren (Vera Farmiga, Patrick Wilson), married investigators who specialize in paranormal activities, whose latest case takes them to a Rhode Island farmhouse, where a family headed by Carolyn (Lili Taylor) and Roger (Ron Livingston) has been terrorized by sinister, mysterious forces. It isn't long, however, before even the seasoned professionals are terrified beyond all as they come face to face with pure evil. Relying more on mood and suggestion than gore, Wan creates a powerful atmosphere where shocks may spring at any moment, giving game viewers one heck of a haunted-house thriller.


Tabu (Kino): Viewers looking for something different from standard Hollywood fare couldn't ask for more than this ravishingly mysterious Portuguese drama from director Miguel Gomes, which popped up in many critics' best of 2012 lists. The story starts off as a study of friendships in modern-day Lisbon, focusing on a lonely middle-aged woman (Teresa Madruga) who becomes fascinated with an elderly eccentric (Laura Soveral) and her maid (Isabel Cardoso). Just as the film seems to be settling into patient realism, however, the plot takes a sharp turn into dreamy fantasy as one of the old woman's former lovers recalls their youthful romance decades ago in colonial Africa. Combining past and present, realism and fantasy, inquiry and memory, Gomes's movie is at once unique and universal, featuring a light touch that lingers hauntingly in the mind. With subtitles.


The Uninvited (Criterion): Continuing to warm up movie buffs for Halloween, Criterion has restored and released another underrated horror classic with this moody 1944 thriller. The story takes place in a old seaside English mansion discovered by brother and sister Roderick (Ray Milland) and Pamela (Ruth Hussey). Though at first beguiled by the place, they soon grow unsettled by the stories haunting the place, especially one involving the suicide of a young woman many years ago. When mysterious sounds begin to materialize in the middle of the night, Roderick and Pamela realize that they have restless spirits on their hands, and it's up to the locals to help them. Directed by Lewis Allen with elegance and subtlety and featuring a marvelous supporting turn by Gail Russell, the film is a prime reminder of horror executed without the need of graphic violence.

[headlines]
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Labrador Retriever Mix
Portland, Oregon Adopt-a-Dog


Cassie
Labrador Retriever Mix
1 year old
Female
62 pounds


I would like to introduce to the coolest dog you’ll ever meet….she’s cute, goofy and always willing to make you laugh. Her name is Cassie and she is me! Oh no, I ain’t shy…I’m awesome and I’m not afraid to say it. The way I look at it…bashfulness doesn’t get you far in life…but then again, impudence doesn’t either! I’ve learned that the hard way. It’s not intentional…I just have strong lust for life, energy to burn, things to do…places to see…games to play! Sure, I could stand to learn a few manners, some more training is in order, an active lifestyle is must. A sense of humor is a must! So if you are a good timing, fun having, dog loving, family with bigger kids looking for a lifetime of laughs you simply must come in and say Hi to the ‘coolest dog you’ll ever meet’ AKA me.”

1 year old-62lbs. My adoption fee is $200 and includes; microchip, spay, reduced cost Training Class, 1 month pet health insurance, free veterinary exam, leash/collar, food sample, toy & Treat packet.


Family Dogs New Life Shelter
9101 SE Stanley Ave
Portland, Oregon 97206
bark@familydogsnewlife.org

We are open the following days and hours:
Saturday: 11am to 6pm
Sunday: 12pm to 6pm
Monday: 12pm to 7pm
Tuesday: 12pm to 7pm
Wednesday: 12pm to 7pm
Thursday: CLOSED
Friday: CLOSED

You do not need an appointment. Just come in anytime during our regular hours. (Please be aware that we operate on a small staff and weekends can sometimes get very busy for us, often times there is a Long wait on saturday mornings). We do request that you bring your children, spouse, or any other dogs in the family when coming to meet our dogs. It is important to ensure that your family and your potential new companion all interact well together.


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/

[headlines]
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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--

 

 


News Briefs----

 

Congress passed debt deal
http://www.nytimes.com/2013/10/17/us/congress-budget-debate.html

Mortgages tick up
http://www.bankrate.com/finance/mortgages/mortgage-analysis.aspx?ic_id=Top_Financial%20News%20Center_link_1

Commonwealth Income & Growth Settles $1.5MM Claim
http://www.investmentnews.com/article/20131015/FREE/131019926#

Forbes: Changes Ahead For Lease Accounting
http://www.forbes.com/sites/ey/2013/10/16/changes-ahead-for-lease-accounting/

CIT Maritime Finance/RS Platou Finans Cooperation Agreement
http://online.wsj.com/article/PR-CO-20131016-906487.html

Federal Reserve’s expected ‘taper’ of easy-money policies gets pushback from abroad
http://www.washingtonpost.com/business/economy/fed-taper-gets-push-back-from-abroad-as-the-world-contemplates-the-end-of-easy-money/2013/10/15/51a7fc18-35c3-11e3-80c6-7e6dd8d22d8f_story.html

SunTrust to cut 800 jobs in mortgage business
http://www.ajc.com/news/business/suntrust-to-cut-800-jobs-in-mortgage-business/nbQJh/

10 Things I Want From My iWatch
http://allthingsd.com/20131016/10-things-i-want-from-my-iwatch/?mod=atd_homepage_carousel


[headlines]

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--You May Have Missed It

Myths, misconceptions, and truths
A glimpse at how customers really interact with banks in digital channels
http://www.ababj.com/component/k2/item/4121-myths-misconceptions-and-truths



[headlines]

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SparkPeople--Live Healthier and Longer


11 Creative Uses for Cottage Cheese
http://www.sparkpeople.com/resource/slideshow.asp?show=89


[headlines]
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Baseball Poem

That Home Run Feeling

by Tim Peeler

tired and poisoned by yellow jacket stings,
go for a hard run through the ripe dark July night,
strides shortened, quickened,
lap by ill-lit lap
in rain-plowed sand
that tightens a muscle against the pull of a worn shoe,
circling the pale glow of Little League baseball field,
enamored by the plink of metal bats,
the hearty high-pitched cheers,
circling as they circle a tauter diamond 
in a high geometry of runs;
eighteen-fifteen the park announcer drawls
and I am drawn to the memory of my own Little League experience playing that 60's cinema
as I suck humidity by the round ball court
where rapper wannabes
work their slant rhymes and turnover dribbles, 
and a tired backboard shivers.

Leaving now, I consider
the perfect orange moon
hanging for a moment on the light pole 
above silent horseshoe pits,
and just for one splendid moment
I have that home run feeling again.

Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com


[headlines]

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Sports Briefs----


Kaepernick 'nails' diagnosis of foot condition
http://www.csnbayarea.com/49ers/kaepernick-nails-diagnosis-foot-condition?p=ya5nbcs&ocid=yahoo

Will Ferrell hilariously reads the Dodgers’ starting lineup before Game 5 of the NLCS
http://sports.yahoo.com/blogs/mlb-big-league-stew/ferrell-hilariously-reads-dodgers-starting-lineup-game-5-211105448--mlb.html

Raiders fans cheer Oakland council's backing for stadium push
http://www.mercurynews.com/business-headlines/ci_24323040/raiders-fans-cheer-oakland-councils-backing-stadium-push

 

[headlines]
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California Nuts Briefs---

CalPERS weighs in on new public pension ballot proposal
http://blogs.sacbee.com/the_state_worker/2013/10/calpers-public-pension-ballot-proposal.html

Apple, Cupertino celebrate after path cleared for new headquarters
http://www.mercurynews.com/business/ci_24323914/apple-cupertino-celebrate-after-path-cleared-new-headquarters-spaceship

 

[headlines]
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“Gimme that Wine”

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


Winery Hiring Stays Strong Through September
http://www.winesandvines.com/template.cfm?section=news

Napa Harvest Report: Harvest draws to a close
http://napavalleyregister.com/star/business/harvest-report-harvest-draws-to-a-close/article_8b3b2b94-35e1-11e3-9ff5-0019bb2963f4.html

The ultimate wine reference book gets a new edition
http://www.latimes.com/food/dailydish/la-dd-world-atlas-of-wine-seventh-edition-20131015,0,525363.story

Wine for Cats Goes on Sale in Japan
http://www.thedrinksbusiness.com/2013/10/wine-for-cats-goes-on-sale-in-japan/?article-source=newsletter&source=705&date=2013-10-16

 

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

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

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

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

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


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

This Day in History

  1492- Columbus sights isle of San Salvador (Watling Island, Bahamas)
    1711-Birthday of Jupiter Hammon, . America's first published black poet, whose birth anniver­sary is celebrated annually as Black Poetry Day, was born into slavery, probably at Long Island, NY. He was taught to read, how­ever, and as a trusted servant was allowed to use his master's library. “With the publication on Christmas Day, 1760, of the 88-line broadside poem ‘An Evening Thought,' Jupiter Hammon, then 49, became the first black in America to publish poetry.” Hammon died in 1790. The exact date and place of his death are unknown.
    1777- British General John Burgoyne with an army of 7,000 surrenders at Saratoga, NY. Burgoyne, known in the press as "Gentleman Johnny" began his sojourn in Canada. Burgoyne's cumbersome retinue, which included 30 carts of Burgoyne's personal possessions, and several cases of champagne, was stymied by the dense New York forests. The American History handbook states he was surrounded by a superior force, and “capitulated” to Gen. Horatio Gates.
http://www.pbs.org/ktca/liberty/chronicle/episode4.html
http://famousamericans.net/johnstark/johnburgoyne.net/
http://www.horatiogates.com/ http://www.patriotresource.com/people/gates/timeline.html
    1781 - Cornwallis was defeated at Yorktown . Cornwallis' options had been running out. He had even tried sending blacks infected with smallpox over enemy lines in an attempt to infect the American and French troops. After a futile counterattack, General Cornwallis attempted to escape encirclement by crossing York River, "but a violent storm arose" dispersing his boats causing him to ask for an armistice. .
    1814 - Marines and Sailors landed on Grand Terre Island , Louisiana , to punish pirates. Pirate leader, Jean Lafitte's activities threatened to monopolize the city's import trade. New Orleans merchants goaded the new American governor, William C. C. Claiborne, into accusing him of piracy and posting a $500 reward. Lafitte made Claiborne a laughingstock with his own offer of $1500 for Claiborne's capture, and to rub it in he hired District Attorney John R. Grymes as his counselor (for a reported $10,000). Lafitte would not be bought, bribed, or intimidated. In 1814 the British offered him $30,000 and a Royal Navy commission to help them capture New Orleans . The buccaneer turned them down and informed Claiborne of his wish to become a citizen and to give Claiborne his support, if his privateer followers were pardoned for all past crimes. Claiborne was ready to relent when the American Navy swooped down on the Grand Terre base and destroyed it. Fortunately for the infant United States , General Andrew Jackson sought out the buccaneer and agreed to honor his request.
    1823-Seeking counsel on foreign policy, specifically South America, President Monroe begins formulated the “Monroe Doctrine:” hands-off, which actually started with President George Washington who warned about joining Britain or any other country in their “foreign affairs: disputes, conquests.
http://memory.loc.gov/ammem/today/oct17.html
    1834- James Bogardus of New York City received a patent for a “gas meter;” to record the amount of gas used. It operated on the principle of a bellows, alternately being filled with gas ad emptied, while the pulsations were counted on a register.
    1845 - According to a Boston newspaper, the entire audience walked out of a reading of "The Raven". The audience walked out, not because of the material, but because of their objection to Edgar Allan Poe, the reader and author of the macabre story. 
    1848-Birthday of William “Candy” Cummings, Baseball Hall of Fame pitcher born at Ware, MA. Cummings is generally regarded as the firsts pitcher to throw a curve ball. He learned the technique, he said, sailing oyster shells. He played in baseball's amateur era and as a professional. Inducted in the Hall of Fame in 1939. Died at Toledo, HH, May 16,1924.
    1859 - Abolitionist John Brown leads a group of men in a raid to capture the federal arsenal located at Harpers Ferry , Virginia with the intent to arm slaves he would lead in revolt against their masters. His plans are foiled by local town's people attacking his party and forcing it into the firehouse. U.S. Marines under the command of Army Colonel Robert E. Lee arrive and storm the “Brown's fort” killing or capturing the raiders. Brown is captured and later tried for treason, convicted and quickly hung in Charlestown , VA (now WV). During this period he is guarded by several hundred Virginia militia against the possibility of other raiders trying to free him, though no such attack was launched. Because of his raid and the fear of other attempts to get the slaves to rise in revolt, the growth of volunteer militia units in the southern states rose sharply in the months leading up to the Civil War. 
    1863-The San Francisco and San Jose Railroad ran their first
train to California Avenue, Mayfield (which was to become the City to Palo Alto.)A picnic was given near San Francisquito Creek for a crowd of 500. The next day regular service was begun to Mayfield
http://www.ggrm.org/history/peninsula.html
    1886-- Birthday of Spring Byington, U.S. stage actress turned movie character actor in dozens of films. Starred in the long-running television series, December Bride 1954-59 (my close high school friend father's Harry Morgan appeared in the television series, and then later went on to MASH.)
    1888 - The first issue of "National Geographic Magazine" was on newsstands this day. The highly acclaimed magazine was published on a somewhat irregular basis at first. Material was hard to come by in the early years, so the publisher just waited to publish the next issue until enough material accumulated to fill it. The science and travel magazine, the official journal of the National Geographic Society (incorporated January 27, 1888), soon became a monthly and it wasn't long before it was famous for its maps and photographic essays of exotic locales and peoples. 
    1905--Birthday of Jean Arthur - U.S. actor. JA with a voice that "had a poignant catch in it," was a star in both the movies and Broadway. She is best known for her movie roles in Mr. Smith Goes to Washington (1939), The More the Merrier (1943), and Shane (1953), and my favorite You Can't Take it With You (1938). On Broadway, her Peter Pan was noteworthy. She suffered a great deal from "camera fright," and had retired before being convinced to come back for what became a Hollywood classic, Shane. She later taught acting at Vassar College. 
    1909- Drummer Cozy Cole born East Orange, NJ; played w/Cab Calloway, Louie Armstrong; solo: Topsy; in films: Make Mine Music, The Glen Miller Story; developed a drummers' school w/Gene Krupa; died Jan 31, 1981) 
http://www.spaceagepop.com/cozycole.htm
http://www.drummerworld.com/drummers/Cozy%20Cole.html
    1910-October 17, Harry Edison Birthdayhttp://www.geocities.com/BourbonStreet/9555/artists/lege\nds/edison_harry.html 
    1910- Trumpet Player Harry “Sweets” Edison Birthdayhttp://www.geocities.com/BourbonStreet/9555/artists/lege
nds/edison_harry.htm
l
    1915-Birthday of dramatist Arthur Miller ( Death of a Salesman, A View from the Bridge, all My Sons, The Crucible), born New York, NY.
http://www.kirjasto.sci.fi/amiller.htm
http://ocean.st.usm.edu/~wsimkins/trial.html
    1917 - The Radio Corporation of America (RCA) was formed. The company became a giant in electronics, especially radios and TVs. It would later own its own TV network (NBC) and other broadcast interests. 
     1918--Birthday of Rita Hayworth - U.S. dancer, actor, World War II Pin Up Girl. Her husbands were as interesting as her films: Orson Wells, innovative director and actor, Prince Aly Khan, playboy of the Moslem world, singer Dick Hymes and British film director James Hill (of Born Free). As a film actor, her Gilda (1944) and The Lady from Shanghai (1949) were probably her best. RH was billed as the Great American Love Goddess. Her picture was attached to the atomic test bomb that was dropped on Bikini Atoll in 1946 - considered at the time to be a great compliment. She was a very fine dancer. Her mother was one of a long line of English actors. She was a victim of Alzheimer's disease and her daughter Jasmine (daughter of Aly Khan) remained steadfastly devoted to her through all the bad times
     1919- The Radio Corporation of America, soon to be simply known as RCA, is founded by General Electric as a publicly-held monopoly, much the same way "the phone company" was originally envisioned.
    1922--Birthday of U.S. actor as a child and adult. She was a child star in the Our Gang comedies (1927). She succeeded the incomparable Imogene Coca on the Caesar's Hour (1955) on TV and did a sensational job. She won two Emmys.
    1923- Guitarist Barney Kessel born Muskogee, OK.
http://www.classicjazzguitar.com/artists/artists_page.jsp?artist=17
http://www.jazzguitar.com/features/kessel.html
http://hometown.aol.com/kenbrowgtr/kesselstories.htm
    1928-James William (Jim) Gilliam, baseball player born at Nashville, TN. Gilliam, known as “Junior,” was National League Rookie of the Year in 1953 after playing in the Negro Leagues. He was a steady infielder who became a respected coach after his retirement. Died at Inglewood, CA. Oct. 8, 1978.
    1930- Duke Ellington records “Mood Indigo”, Brunswick.
    1931-After a long run as the crime kingpin of Chicago's underworld, Al Capone finally landed in jail. Capone was ultimately sent away for tax evasion, a relatively minor offense for a man who oversaw elaborate liquor bootlegging network, extensive prostitution rings, and various gambling operations. For many years, crime did pay for Capone. By 1927, he had hauled in an impressive--and tax-free--fortune worth over $100 million. Of course, with his penchant for maiming and killing the competition, Capone was just a bit more dangerous than the average entrepreneur. However, usual strong-arm tactics couldn't help him bully past the IRS. Capone was sentenced to an eleven-year prison term and was forced to pay $80,000 in fines and court fees. 
    1931--Birthday of Anne Bancroft, much honored U.S. stage and film actor. She won the 1960 Tony (ANTA) award for originating the Annie Sullivan role in The Miracle Worker and won the Academy Award when she reprised the role on film. In 1987 she won the top British film award for her beautifully understated role in 84 Charing Cross Road . Other awards: 1958 Tony for best supporting actress for Two for the Seasons; AA nominations for The Pumpkin Eater (1964) which won the Cannes International Film festival prize, The Graduate (1967), and The Turning Point (1977). 
Her mother was a telephone operator at Macy's Department Store in New York City . She is an outstanding comedian and receive the Lifetime Achievement in Comedy award in 1966.
    1932-Birthday of Paul Edward Anderson, Olympic gold medal weightlifter born at Tocoa, GA. Anderson won the heavyweight world championship in 1955 and a gold medal at the 1956 Melbourne Olympics. He was renowned as the “World's Strongest Man” for his feats of strength, including a back lift of 6,270 pounds. In 1962 he opened the Paul Anderson Youth Home. Died at Vidalia, GA. August 15, 1994.
    1933 - "News-Week" appeared on the corner newsstand for the first time. Seven pictures graced the magazine's first cover, depicting an important happening for each day of the week. In 1937, the publication's masthead sported a new name: "Newsweek". 
    1933 - Dr. Albert Einstein moved to Princeton, NJ, after arriving in the United States from his troubled homeland of Germany. 
    1934---Birthday of Maureen Catherine Connolly, arguably the greatest woman tennis player who ever lived. She was the first woman to win the grand slam of tennis, winning the British (Wimbledon), U.S. , Australian, and French singles championships in 1953.
She won the first of her three U.S. championship at 17 after which she lost only four matches the rest of her career. She won the Wimbledon three times 1952-54), the French Championship in 1953 and 1954, and the Australian (1953) and Italian (1954). The Associated Press named her woman athlete of the year in 1952, 1953, and 1954. All this by the time she was 20!
But that was all there was to be. She suffered a career-ending horseback riding accident when she was only 20, just weeks after winning there third straight Wimbledon .
She had started playing tennis when she was ten, begging her parents for equipment and a pro teacher. She became a star in amateur competition almost immediately and at 13 caught the eye of legendary coach Eleanor Tennant who had also guided the games of such tennis luminaries as Helen Wills Moody and Alice Marble.
MC was a natural left-hander who played right with a devastating ground game. At one point she won 56 straight matches.
Following her career-ending accident, MC devoted her efforts to helping young players through the Maureen Connolly Brinker foundation. She married and had two children before the unthinkable occurred. She died of cancer at only 35.
    1943--BOYINGTON, GREGORY Medal of Honor
Rank and organization: Major, U.S. Marine Corps Reserve, Marine Squadron 214. Place and date: Central Solomons area, from 12 September 1943 to 3 January 1944. Entered service at: Washington . Born: 4 December 1912, Coeur D'Alene , Idaho . Other Navy award: Navy Cross. Citation: For extraordinary heroism and valiant devotion to duty as commanding officer of Marine Fighting Squadron 214 in action against enemy Japanese forces in the Central Solomons area from 12 September 1943 to 3 January 1944. Consistently outnumbered throughout successive hazardous flights over heavily defended hostile territory, Maj. Boyington struck at the enemy with daring and courageous persistence, leading his squadron into combat with devastating results to Japanese shipping, shore installations, and aerial forces. Resolute in his efforts to inflict crippling damage on the enemy, Maj. Boyington led a formation of 24 fighters over Kahili on 17 October and, persistently circling the airdrome where 60 hostile aircraft were grounded, boldly challenged the Japanese to send up planes. Under his brilliant command, our fighters shot down 20 enemy craft in the ensuing action without the loss of a single ship. A superb airman and determined fighter against overwhelming odds, Maj. Boyington personally destroyed 26 of the many Japanese planes shot down by his squadron and, by his forceful leadership, developed the combat readiness in his command which was a distinctive factor in the Allied aerial achievements in this vitally strategic area. 
    1945 - Actress Ava Gardner made news. She married bandleader Artie Shaw. 
    1949-The first long-distance dial telephone service began on this day in 1949. The president of Pacific Telephone and Telegraph dialed New York City from Oakland, California. The call lasted about one minute. Previously, long-distance calls were placed by telephone operators.
    1949—Top Hits
You're Breaking My Heart - Vic Damone
Someday - Vaughn Monroe
That Lucky Old Sun - Frankie Laine
Slipping Around - Margaret Whiting & Jimmy Wake
    1950 - Small but powerful Hurricane King struck Miami, FL. The hurricane packs winded to 122 mph, with gusts to 150 mph. Hurricane King then moved up the Florida peninsula to Georgia. Four persons were killed and damage was 28 million dollars.
    1953 - The first concert of contemporary Canadian music presented in the U.S. was performed by conductor Leopold Stokowski at Carnegie Hall in New York City. 
    1955 - Jose Ferrer and Claire Bloom starred on NBC's "Producer's Showcase". They performed in "Cyrano De Bergerac". Ferrer also won an Oscar for his performance in the film version. 
    1956-Birthday of Dr Mae Jemison, first Black female astronaut.
http://www.maejemison.com/
    1956 - The screen version of the Jules Verne novel, Around the World in 80 Days, starring David Niven and countless cameos, premiered on this date in New York. Supporting actor Cantinflas later won a Golden Globe for Best Actor in a Musical/ Comedy for his role, and the film earned a Best Picture Oscar.
    1956-- Mickey and Sylvia record, "Love Is Strange." 
    1957-Top Hits
Chances Are/The Twelfth of Never - Johnny Mathis
Jailhouse Rock - Elvis Presley
Keep a Knockin' - Little Richard
Wake Up Little Susie - The Everly Brothers
    1957--The movie Jailhouse Rock, starring Elvis Presley, is released in the US, premiering at Loews State Theatre, where Elvis worked as an usher five years earlier.
    1960-The National League announced that expansion franchises were being awarded to the New York Metropolitan Baseball Club, Inc, headed by Mrs. Joan Payson, and to a Houston group of investors led by Judge Roy Hofheinz. The two teams, later nicknamed the Mets and the Colt .45s began play in the 1962 season.
    1960- The Drifters' "Save the Last Dance for Me" hits #1 
    1962-The Beatles made their first TV appearance in Britain when they appeared on Granada TV's People And Places, singing "Love Me Do". 
    1963--Bobby Goldsboro records "See The Funny Little Clown". It will reach #9 in the US and become the first of his eleven Billboard Top 40 hits.
    1963-October 17, http://www.ggrm.org/history/peninsula.html 
    1964-A British group known collectively as Manfred Mann had the number one single on the Billboard Pop chart with "Do Wah Diddy Diddy". The song was sung by vocalist Paul Pond, who used the stage name Paul Jones. Keyboard player Michael Lubowitz would retain the band's name and continued to turn out chart hits until the mid 1980s.
    1964--The Zombies' "She's Not There" is released in the US , where it would become the band's highest charting single, reaching #2.
    1965-Top Hits
Yesterday - The Beatles
Treat Her Right - Roy Head
A Lover's Concerto - The Toys
Behind the Tear - Sonny James
    1966- “Hollywood Squares” premieres on TV. On this game show, nine celebrities satin a giant grid. Two contestants played tic-tac-­toe by determining if an answer given by a celebrity was correct. Peter Marshall hosted the show for many years with panelists Paul Lynde, Rose Marie, Cliff Arquette, Wally Cox, John David­son and George Gobel among others. John Davidson took over as host in 1986 for a new version of the game show with Joan Rivers and, later, Shadoe Stevens at center square. In 1998 ‘Hol­lywood Squares” appeared again with Tom Bergeron as host and Whoopi Goldberg as the center square.
    1967 - The rock musical "Hair" opened to rave reviews at the Anspacher Theatre in New York City. The smash ran for 1,758 performances. 1973-The Way We Were, starring Barbra Streisand and Robert Redford, opens. The hit movie also produced a hit song by the same title for Streisand.
    1970 - The song I'll Be There, by The Jackson 5, zoomed to the Number 1 spot on Billboard's record chart and stayed there for 5 weeks.
    1973-The Arab-dominated Organization of Petroleum Exporting Countries (OPEC) announces a decision to cut oil exports to the United States and other nations that provided military aid to Israel in the Yom Kippur War of October 1973. According to OPEC, exports were to be reduced by 5 percent every month until Israel evacuated the territories occupied in the Arab-Israeli war of 1967. In December, a full oil embargo was imposed against the United States and several other countries, prompting a serious energy crisis in the United States and other nations dependent on foreign oil.
    1973—Top Hits
Half-Breed - Cher
Ramblin' Man - The Allman Brothers Band
Higher Ground - Stevie Wonder
Ridin' My Thumb to Mexico - Johnny Rodriguez
    1978--Neil Diamond and Barbra Streisand, "You Don't Bring Me Flowers" 
    1981—Top Hits
Arthur's Theme (Best That You Can Do) - Christopher Cross
Start Me Up - The Rolling Stones
For Your Eyes Only - Sheena Easton
Party Time - T.G. Sheppard
    1983 - Actor Anthony Quinn lit up the Great White Way in the revival of the 1968 musical, "Zorba", that reunited Quinn with Lila Kedrova, who played Madame Hortense. They both had appeared in the film portrayal, "Zorba the Greek", which won Quinn a nomination for Best Actor, and an Oscar for Kedrova as Best Supporting Actress. This was one of the few films that came before the Broadway show, rather than the reverse.
    1987- With their #1 comeback hit "You Win Again," the Bee Gees become the first group to score a UK Number One hit in three separate decades -- the 60s, 70s, and 80s.  
    1989--We experienced an earthquake of 7.1 in my hometown of Los Gatos at 2:04PM I was in my Chevrolet Suburban, not far from the office, near the University of Santa Clara, and a student on a bicycle in front of me suddenly fell down. At first I thought I hit him, and as he got up, I glanced over and saw two other bicyclists trying to stand, and my car was violently rocking sideways as if the car had been silently blind sided. KCBS was on and announced they felt an earthquake, which later turned out in the Loma Prieta section of Los Gatos. The quake caused damage estimated at $10 billion and killed 67 people, many of who were caught in the collapse of the double-decked Interstate 80 in Oakland, California. We were without electricity and water for several days and sales for the month were the lowest they ever have been in our history as it took business many weeks to recover.As a sports note, the event is also known as the “World Series Earthquake. Minutes before the start of Game 3 of the World Series billed as the “Battle of the Bay, “ between the Oakland A's and theSan Francisco Giants, Candlestick Park was rocked by the Loma Prieta earthquake. the game was postponed and the Series delayed for 11 days. The Oakland Athletics won games three and four for the first Series sweep in 13 years.
     1989 - Showers and thunderstorms representing the remnants of Hurricane Jerry deluged southeast Kentucky with four to six inches of rain in 18 to 24 hours, resulting in widespread flash flooding. Flooding resulted in more than five million dollars damage. Temperatures again warmed into the 80s and lower 90s in the southeastern U.S. Lakeland FL and Orlando FL reported record highs of 95 degrees.
    1989-Top Hits
Miss You Much - Janet Jackson
Love Song - The Cure
Mixed Emotions - Rolling Stones
Killin' Time - Clint Black
    1996-Prodigy re-launched itself as an Internet access provider on this day in 1996. A one-time leader in the online service business, the joint venture between Sears and IBM found its membership flagging in the face of competition from America Online and the increasing popularity of the Web. Sears and IBM sold the service earlier in 1996 to a cellular technology firm. Although Prodigy didn't scrap its entire proprietary service, executives made it clear that Internet access would become the company's main focus. The company went public in 1998. 
    2002-The legal suit against the fan who caught Barry Bond's record breaking 73rd home run at Pac Bell Park, brought three friends, claiming a promise, in exchange for a ticket to the game to split the ball's value if caught, is settled when Jay Arsenault agrees to sell the ball and divide the money. Arsenault's lawyer said had his client initially eluded the friends because of being overwhelmed by the situation. 
    2003--- Early editions of the N.Y. Post include an editorial claiming the Yankees lose to Boston and couldn't get the job done in Game 7 of the ALCS. Although the Bronx Bombers did trailed the Red Sox , the team rallies to beat their arch rival in 11 innings, 6-5
    2005- Fats Domino returns to his Ninth Ward home for the first time since Hurricane Katrina to find it utterly destroyed, with his piano and several of his gold records among the ruined items. 
     2007- The section of West Grand Blvd. in Detroit, MI, that once housed the Motown studios is officially renamed "Berry Gordy Jr. Boulevard."

 

World Series Champions This Date 
1971 Pittsburgh Pirates
1974 Oakland Athletics
1978 New York Yankees
1979 Pittsburgh Pirates

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