Archives--October 23, 2000

50 Leasing Companies Major Changes 51>?

American Business Leasing (gone)
Balboa Capital (Founder Byrne "...office available any time he wants to use it").
The Bancorp Group, Inc. (Southfield, MI) (no longer in business )
Bankvest (bankrupt)
Bombadier (reported having problems, not confirmed)
Charter Financial (purchased by Wells Fargo 9/5/2000)
Colonial Pacific (11/98) purchased by GE Capital Commerce Security
(9/99 closed to leasing broker program)(11/99 last funding)
Copelco (4/2000 sold to Citibank/10/2000 stock down rated/10/2000 ceases broker business, many complaints in manner turning off faucet)
Creative Capital" of Bloomfield Hills, MI. (shut-down 3/2000 )
Dana (sold off, active as captive)
DVI Capital (out of broker )
El Camino Leasing, Woodland Hills, California (10/2000 No longer taking broker business)
eLease (June/July/2000 senior management changes)
FMA Finance (reportedly closed to brokers)
Fidelity ( /2000 acquired by EAB, a wholly owned subsidiary of ABN AMRO Bank N.V., headquartered in the Netherlands, raising funds )
Finova (out of market place)(10/11/2000 Dow Jones headlines "Finova Stock Falls As Buyout Hopes Wane 10/25/2000 Dow Jones notes stock falling and problems at Finova)
First State Bancorp, Albuquerque, N.M (3/2000 sold leasing division-$64 million---)
Franklin Bank (no more leases)
Golden Gate Funding (2/99 purchased by Westover Financial
Heller Financial's Commercial Services Unit 10/99 purchased by CIT)
Imperial (sold portfolio)
Japan Leasing Credit claims (JLC --6/99 purchased by Orix )
Lease Acceptance Corp---(ceases broker business 7/26/2000 )
Leasing Solutions (bankrupt)
Liberty Leasing (closed, California company)
Linc Capital ( out of vendor and broker business, Nasdaq halts stock sales, $13.4 loss last quarter,10/2000 assets for sale )
Lyon Credit Corporation (/99 purchased by Hudson United Bancorp)
Manifest Group--(9/1/2000 purchased by US Bancorp Leasing and Financial, "...a win for all the parties involved," Brian Bjella.
Matsco Financial (purchased by Greater Bay Bank)
Merit Leasing (gone)
Metwest Leasing, Spokane Wa. (advising brokers that they have run out of funds so they are unable to fund a transaction we have there for funding.)
Metrolease--reports closing operation, John Blazek at Evergreen Leasing, Hathcock losing assets, will not confirm nor deny; many serious rumors of serious fraud floating around the marketplace and if they file bk, will publish them.)
NationsCredit, Business Leasing Group (1/29/99 sold to Textron**) *"The Business Leasing Group of Nations Credit was sold to Textron and we still do broker business," Jim Merrilees, very well respected individual in the leasing industry..
NIA National Leasing (3/2000 purchased by Lakeland Bancorp )
New England Capital (sold to Network Capital Alliance a division of Sovereign Bank. Sovereign did hire two people who will run a sales office in CT, doing basically the same deals with the same people as before. Little will change in that aspect.
Newcourt (sold off)
Onset Capital (Irwin buys 87% equity)
Orix 10/2000 "long-term Outlook has been revised from Stable to Negative" Credit Allianchat it has changed its name to ORIX Financial Services, 9/2000 Japanese Bank President Commits Suicide (Orix is a 14.7% shareholder in bank having problems, ( 8/2000 closes small ticket vendor division in Portland, Oregon, "Business as usual (in New Jersey and with brokers)," says Steve Geller)
Phoenix (both divisions)
Prime Capital (/2000 purchased by Finatra Capital originally reported by elaonline, but have heard this did not happen, looking into clarification--editor)
Republic Leasing, South Carolina 9/27/2000 ("The expected result will be a sale of Republic Leasing"---Dwight Galloway)
Rockford (sold to American Express)
Scripp Financial (6/29/2000 (purchased by US Bancorp)
SDI (closed to broker programs)
SFC Capital (9/15/2000 purchased by Trinity Capital)
SierraCities (posted $7.7 million second quarter loss, rumors abound, including pending sale.
T&W (bankrupt, lost their listing)
Transamerica (sold)
Unicapital ( $11.4 million first quarter loss chairman, CEO,CFO resign, 38 employees cutback, 8/23 BSB to use other funders reported, rumor that BSB will be "spun off", not confirmed and appears to be in the rumor stage right now. Good news, 9/1 Bank of America extend revolving credit line to October 16, 2000. 9/29/2000 Many rumors floating around. 10/12 Prognosis is "challenging," at best.10/17 BofA gives them until Friday to complete "process." Bank of America extends to November 6 as division look for direct investors or to pull this out themselves.)
USA Capital Leasing (gone-bk)

Classified Ads---Operations

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

Want To Work From Home:  Have 10+ years in readying Lease Origination Documentation, Litigation case mgmt., Collection, Repossession, Remarketing, complete Discovery and Interrogatories, attend Trials and Mediation, prepare and submit SAR’s, translate for Spanish speaking customers, clients and employees, monitor high risk accounts for monetary penalties, bankruptcy management. Email: BRFR@ATT.NET

 

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

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

 

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CIT Third Quarter Net Income $200 Million
By Christopher Menkin

What a turnaround for the company many said would go out of business in the mortgage meltdown that hit CIT hard, as well as the student loan program debacle.

John Thain resigned from Bank of America Merrill Lynch & Company as chief executive officer January 22, 2009, reportedly with one of the rumors that he had spent too much money redecorating his office in 2008 as well as paying executive bonuses (they met their contract numbers) while BofA was taking a loss (1)

Chairman/Chief Executive Officer
(2010 photo, where he got the nickname of "Superman"
due to his facial resemblance of Clark Kent)

Hired February 7, 2010 by the CIT board to replace interim CEO Peter Tobin, he began to turn things around right away, with second quarter net income of $142 million (2) and going into more commercial loans. Under his direction CIT hit a third quarter, 2013 $199.6 million net income after cutting assets and expenses that repaid $2.3 billion in federal bailout funds. The company also announced it would pay a 10 cents a share dividend; paying on November 29 to shareholders of record as of November 15.

Total assets at September 30, 2013 were $46.2 billion, up $1.6 billion from June 30, 2013 and $2.6 billion from September 30, 2012. Commercial financing and leasing assets increased from prior periods to $32.1 billion driven by growth in Corporate Finance.

Consumer assets declined by approximately $70 million from June 30, 2013 to $3.5 billion, reflecting the continued run off of student loans, and by $840 million from a year ago, which also reflects the sale of $0.5 billion of student loans in the fourth quarter of 2012.

Total loans of $21.8 billion rose slightly from the prior quarter and increased $1.4 billion from a year ago. Operating lease equipment increased $0.3 billion from June 30, 2013 and $0.5 billion from a year ago to $12.6 billion. Cash and investments of $8.5 billion were up $1.2 billion from June 30, 2013 and $1.0 billion from September 30, 2012.

It also should be noted that Curt Ritter, CIT Vice President, Director of External and Internal Communications & Media Relations, received the Leasing Person of the Year for 2010 award while under the direction of John Thain: "During very tough times as CIT struggled to survive in the financial meltdown of the banking and finance industry, Curt Ritter was everywhere. The CIT vice president did not duck the news media, instead staying positive, he rallied the troops, gave interviews, and in fact appearing to never sleep."

Full Press Release (readers can increase size of fonts):
http://leasingnews.org/PDF/CIT_3rdqtr_2013_Net.pdf

(1) http://www.leasingnews.org/archives/January%202009/01-26-09.htm#bank

(2) http://leasingnews.org/archives/July2010/7_28.htm#cit

 

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Growth of Banks Within the Industry
ELFA Conference Report
by Shawn Halladay

Shawn Halladay, The Alta Group, one of our long time members of the Advisory Board, has been reporting for Leasing News for over ten years (perhaps longer) on the Equipment Leasing and Finance Association annual conferences, as well as other important stories. A well-known author and leasing expert, he has always brought the best reporting. This report is from a conference just ending with over 1,000 attending, a sign of the changing times and leasing industry in a comeback.
- Kit Menkin, editor

Shawn D. Halladay

The Equipment Leasing and Finance Association’s (ELFA) 87th Annual Convention, Orlando, Florida, kicked off, per tradition, with the opening reception. When I go back and count the number of these I have attended, it makes me realize how long I have been in this business (or how old I am – not sure which). Even so, there are several graybeards who I know that have been doing this a lot longer than me. I wonder what they think when comparing today’s activities with some of the early industry get-togethers. Has the format changed? What about the competitive environment, or the nature of the players?

Although the opening reception represented the official start of the convention, things actually kicked off Sunday morning with the standard pre-convention fare of golf, tennis tournaments, and community service projects. Some attendees even arrived on Friday or Saturday, given the significant networking and vacation opportunities at the convention. Other, more formal, happenings on Sunday included the Women in Leasing and New Member receptions.

Another trend of note at the convention was the continued growth of banks within the industry. Many smaller banks have gotten into the business over the past year as the packed session on banks indicated. This rising ascendancy of the banks helps the industry grow, but one has to wonder about its long-term impact, as potentially, the way the banks go may become the way the industry goes.

It is hard not to be cheerful when there are free drinks, of course, but there have been opening receptions in the past when the mood was less than jovial. Not this year, though, as attendees mingled happily in the embrace of colleagues and an improving business climate. This doesn’t necessarily mean that all is well in the equipment leasing and finance world, though. As always, there are challenges to be faced, along with opportunities to exploit, but these seem more segment-related than applicable to the general environment.

The current energy situation, for example, is creating growth in many areas. Renewable energy is more politically green, and more companies are getting into this arena, but the oil and gas boom also is creating opportunities. This growth is not just in directly-related categories such as drilling and servicing equipment, as both rail and trucking also are beneficiaries.

Good news from the growth side should create more jobs and recruiters confirm this is happening. This doesn’t mean that ELFA members are out there scouring the campuses for new bodies (although the industry does need an infusion of younger talent). Instead, the word is that companies are hiring mostly on the high end, such as those with 10 – 15 years of experience with a pretty good market for credit and risk folks.

Logic tells me that healthcare also should be a growth area, as attendees confirmed, since more and more financiers are entering this market. Several cautioned, however, that this influx of competitors creates a fertile environment for market disruption, as newcomers may be unprepared for the operating environment that hospitals, etc., represent. Attempts to buy market share also may result in residual woes down the road.

I have to profess surprise at the level of discussion (basically, the lack thereof) that regulation received at the convention. During the Lease Accountants’ Conference in September, there were a lot of complaints about the resources that were being consumed or redirected to comply with the ever increasing regulatory burden.

There was a session on complying with regulatory requirements here in Orlando, but the regulatory burden was not a topic that came up when people discussed their challenges and opportunities with me. So, although the libertarian in me wants to rail at government interference in business, it would appear that the industry is viewing regulation more as an operational issue/cost than one affecting the overall level of business.

And, yes, lease accounting was discussed, not only in a specific session, but also in the hallways and at the podium. Most people appear very tired of it, and everyone is unsure as to what eventually will happen. The only consensus was that leases will be on balance sheet, but the how and the where are still a bit up in the air. ELFA, of course, continues to monitor and act on what it considers to be a signature element of its advocacy program.

The keynote speakers further energized the attendees. Peter Diamandis, founder of the X PRIZE Foundation, started it off on Monday morning with an examination of how collaboratively using exponential resources can be used to create nontraditional solutions to problems. Mr. Diamandis used the space vehicle X PRIZE as an example of the process.

He was followed the next morning by Peter Sheahan, the founder of ChangeLab, who spoke about the dynamics of change and the importance of identifying changes on the periphery before they become main stream. Although definitely entertaining, the messages were what created the buzz, as the audience got excited about looking for solutions and innovation from, for many, newly discovered perspectives.

As always, ELFA put together a broad range of sessions on a variety of topics. And, as always, there was a range of quality. I heard rave reviews about some while disappointment was expressed about the level of depth and sophistication of several others. Not having attended them all, I can’t comment one way or another. What I do know, though, is that I am glad I wasn’t presenting on Tuesday afternoon, since everyone is anxious to get ready for the closing reception, which was a great success. Again,as always.

Shawn D. Halladay
124 South 400 East, Suite 310
Salt Lake City, UT 84111
801/322-4499
801/322-5454 fax
shalladay@thealtagroup.com
www.thealtagroup.com

His Advisory Board Biography:
http://www.leasingnews.org/Advisory%20Board/Halladay_Shawn.htm

 

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Remiker Retires as Chairman of ELFA
New Officers and Board of Directors

Richard “Rick” Remiker, Executive Vice President and Executive Managing Director of Specialty Banking, Huntington Bank, Columbus, Ohio, retires as Chairman of the Equipment Leasing and Finance Association (ELFA.) He remains on the executive board as immediate past chairman, and continues his serve to all of Huntington Bank specialty banking units. He was very popular and credited with leadership through a crazy marketplace influenced by a more crazier Washington, DC. Nevertheless, it was a good year for many in the leasing and finance world.

Ironically Remiker served as president and COO, Key Equipment Finance (October, 1994-2003). His successor as the new ELFA chairman is Adam Warner, President at Key Equipment Finance.

 

Adam Warner joined Key Equipment Finance, July, 2001, during the time Remiker was president. Before Key Warner was senior vice-president of Mellon Leasing (January, 1988-July, 2001), operations manager at McDonnell Douglas Finance Corp (1985-1988). He joined ELFA’s Board of Directors in 2007 and became Vice-Chairman in 2010. He has also served on the Executive Committee and the Succession and Transition Committee. In addition to his active participation in ELFA, Warner serves on the Advisory Board for Food for Thought–Denver and is a member of the Board of the University of Colorado Boulder Leeds School of Business Board.

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

Robert Rinaldi
Senior Vice President of CSI Leasing, is now Chairman-elect.

Vice-chairs of the new board include:

James McGrane
President and CEO, EverBank Commercial Finance

William Stephenson
Chairman, Global Vendor Finance
De Lage Landen Financial Services

Thomas Jaschik
President, BB&T Equipment Finance

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

ELFA Treasurer:
Jud Snyder
President, BMO Harris Equipment Finance Company

Corporate Secretary:
Paul Stilp
ELFA’s Vice President of Finance and Administration

President and CEO:
William G. Sutton, CAE

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

Other Members of the Board:

Bill Besgen
President and COO, Hitachi Capital America Corp.

Robert Boyer
President, Susquehanna Commercial Finance

Susan Carol
CEO, Susan Carol Associates Public Relations

Anthony Cracchiolo,
President and CEO, Vendor Services, U.S.
Bancorp Equipment Finance, a division
of U.S. Bank National Association

Daniel Dyer,
Co-Founder and CEO, Marlin Leasing Corp.

Christopher Enbom,
CEO and Chairman, Allegiant Partners Inc.

Ed Hetherington,
President, Doosan Infracore Financial Solutions

Daniel McCabe
Senior Vice President, Sales and Marketing,
U.S. and Canada, John Deere Financial

John McQueen
President, Wells Fargo Equipment Finance, Inc.

David T. Schaefer
CEO, Mintaka Financial, LLC

Larry A. Smilie
Managing Director, Banc of America Leasing

Scott Thacker
CEO, Ivory Consulting Corporation

Dave Gilmore, John Deere Financial, was elected by the Board to serve the remaining year of Daniel McCabe’s term. McCabe will retire at the end of November after 40 years at Deere.

 

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Advantage Funding $120 Million Securitization

Advantage Funding said it completed its first securitization, issuing $120 million in notes backed by commercial vehicle installment receivables. The securitization closed on September 26, with all receivables sold to Gotham Funding Corporation, the asset-backed commercial paper (ABCP) conduit program sponsored by Bank of Tokyo-Mitsubishi UFJ.

"We do manage our own balance sheet and the securitization helps us and Marubeni," Edward P. Kaye, president of Advantage Funding told Leasing News. "This adds value to our company by establishing a stable, low cost funding platform to grow our operations and help us better serve our vendors and customers."

The Secret of Our Success
by Ed Kaye, Advantage Funding
http://leasingnews.org/archives/Feb2010/2_08.htm#kaye

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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

 

 

Help Wanted Classified Ads Cost $595 four HTML lines (note, a space is counted as a line) $40 for each additional line or space The classified ad will appear for 21 days. The idea is to attract an applicant to learn more, either to click to a full description on your web site or to a full job description attachment (free, no charge). All "Help Wanted" ads go into the "Help Wanted" classified ad section, which appears in each news edition, and is well read. The ad will also appear on the web site for those who go directly to the web site section. A "Help Wanted" ad appears at the top of the headlines in each edition in a chronological basis with other help wanted ads. The position cannot be purchased. The ad also continues to appear in the classified ad section in the news edition as well as the web site in addition to appearing above the headlines. If there is only one help wanted ad, a display ad may be utilized in the rotation basis as this position, meaning the one help wanted ad is not going to be on top in every edition. Contact kitmenkin@leasingnews.org for more information or to help word a classified ad. Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board

 

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Sales Makes it Happen by Steve Chriest

True Leases - True Challenges

Even industry accountants and analysts agree that lease accounting standards are arcane and esoteric. It doesn't seem to be a question of “if,” but “when” the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) get their way and rewrites the current lease accounting standards rewritten. When this happens, the leasing industry, as it has existed during the last thirty years, will change, and those leasing salespeople involved in so-called structured transactions will have to change the way they sell.

It's hard to argue with their position that off-balance-sheet treatment of leases allow companies to easily make a finance purchase appear like a rental contract. Using current accounting standards, lessees are able to legally keep an estimated $1.25 trillion (undiscounted) in future payment obligations off their balance sheets!

Many question why companies that acquire even essential assets, and incur a non-cancelable obligation to pay for them over time, want to keep the assets and the payment obligations off their balance sheets. The concern, of course, is with accounting transparency, and with ensuring the ability of investors to accurately evaluate a company's true financial condition.

So, how much of the leasing industry would be affected by these accounting rule changes? Since the SEC estimates that 63% of public companies use operating leases, and the estimated total cash flows related to non-cancelable operating leases outweighs the cash flows related to capital leases by more than 25 to 1, a significant percentage of the equipment leasing industry will be affected by the changes.

What will lessors and leasing sales professionals do if off-balance-sheet financing disappears and leasing products must be justified solely on economic terms? Without the advantages of off-balance-sheet leases, lessors will somehow have to position themselves as viable alternatives to basic interest-rate-spread lenders.

I have read what Paul Weiss has written and Mr. Terry Winders, CLP, that "true leases" will be shorter and perhaps equipment changed for newer equipment at the end of the original term, as it was originally done in the 1960's with large IBM and other computers.

For those involved in structured transactions, now is the time to prepare a game plan for competing in a new accounting environment. The value propositions of lessors will need to emphasize creative financing products that address their customers' pressing business problems, expertise in asset and risk management, and other operational benefits of leasing.

The end of true leases as we know it know will surely present true challenges for the industry. Leasing industry boosters will no doubt argue that just as the industry survived and prospered after the repeal of the Investment Tax Credit, ways will be found to survive future changes in accounting rules. Having met a great many smart, creative leasing industry veterans, I would bet on this argument.

Is Long Term Leasing Dead? by Paul Weiss
http://leasingnews.org/archives/Aug2013/8_21.htm#dead

Short Term Leasing by Mr. Terry Winders, CLP
http://leasingnews.org/archives/Aug2013/8_19.htm#short

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.

 

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Ten CLP's Award Plaques
at Irvine NAELB Conference

The Certified Leasing Professional Certificate was given to ten new recipients at the National Association of Equipment Leasing Brokers Conference in Irvine, California.

Back row L to R: Lisa Whitehead, Pacifica Capital, Kristan Parker, Innovative Lease, Neil Clark, Innovative Lease, Jake Nguyen, Commerce Bank, Chet Zeken, Go Capital, Chris Maudlin, Banc of California, Javier Mendoza, Maxim Commercial Capital.
Front row L to R: Bree Johnson, Commerce National Bank, Jaimie Haver, Banc of California, Michael Kianmahd, Maxim Commercial Capital.

The November 1 NAELB Conference to be held in Nashville, Tennessee will hold a 1:00pm to 4:00pm CLP work shop, including a short exam covering the subjects in the Body of Knowledge and then review your answers with CLPs.

More Information on the conference is available here:
http://www.leasingnews.org/Conscious-Top%20Stories/Assc_conf.htm

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Leasing Schools/Franchisors (For our "Financial and Sales Training" list, please click here) Global Leasing Lease One Wheeler Leasing School   (does not include those specifically employed in training or education, but who have a similar program as the following entities:) ------------------------------------------------------------------ Global Financial Training Program Over 35 Years of Experience Financing Businesses Program Cost: $19,950.00   Phil Dushey President & CEO In 2001, Global Leasing founder Phil Dushey created a new company to train independent entrepreneurs who want to enter the lucrative field of business financing. Global Financial Training Program teaches all aspects of finance including Equipment Leasing, Accounts Receivable Financing, Cash Advance, Commercial Real Estate, SBA Loans and much more. Phil’s students have found great success with his program. Mr. Dushey is a founding member of the National Association of Equipment Leasing Brokers. He has been a member and speaker at many leasing organizations for several years. He is also a founding member of the leasing news advisory board. Global Financial Training Program provides students with everything they need to start making money immediately after four days of training. As a full-service finance company you will provide a valuable service for business owners that have difficulty getting financing from their local banks. The banks are turning down over 90% of business loan applications and you can approve at least 50% of the turndowns. After the training at their offices in New York City trainees are instantly approved with over 25 lenders, get a custom designed website, stationery package, 1000 leads and enough marketing to have their phones ringing the first week after the training and much more... It's easier than you think to fulfill your dreams of independence, living the life you deserve and enjoying the prestige of owning your own company. You don't need prior experience. All you need is the desire to be your own boss, the ability to learn, good people skills, and a passion to succeed and make a lot of money. How much, is up to you... Philip Dushey President & CEO Global Financial Services 1 State Street, 21st Floor New York NY 10004 Email phil@gbtsinc.com www.globalfinancialtrainingprogram.com Phone: 212-480-4900 The Global Group of independently owned companies are: Global Financial Services | www.globaleasing.com We have been actively providing financial services for 35 years Global Church Financing | www.globalchurchfinancing.com One of the largest independent companies financing equipment for churches nationwide Global Financial Training Program | www.globalfinancialtrainingprogram.com The oldest and most comprehensive training program for people who want to own their own finance company Mr. Dushay is also on the Leasing News Advisory Board http://www.leasingnews.org/Advisory%20Board/Dushay_Phil.htm Moving America Forward is a business television show hosted by William Shatner, anchored by Doug Llewellyn. On this episode we talk to Phil Dushey about his business opportunity and Global.   ---------------------------------------------------------------------------------------------------------- Lease One, Lynnfield, Massachusetts Program Cost: $19,900.00 Since 1989 Lease One has been providing superior training along with unprecedented ongoing support to our broker network. With offices from coast to coast we proudly exhibit the foremost training experience available. Our one time initial investment will provide you with the training and support for the lifetime of your venture with no on-going fees (Hotel/Airfare/Materials/Leads are all included in this price). “The Lease One Opportunity is the only turn key business opportunity that allows you to devote the time necessary to building a business, no need to worry about processing or underwriting your deals; we do it for you, forever! Our unique program is the only one that offers free marketing assistance along with a devoted graphics design department to enable you to creatively attract new customers to your business. Call us today or visit our website ( www.leaseoneopportunity.com ) to learn more about this exciting opportunity. We are Lease One; It's the Lease we can do!” Joseph L. Angelo Jr. Lease One Corp. 220 Broadway, Suite 102 Lynnfield , MA 01940 www.leaseoneopportunity.com --------------------------------------------------------------- Wheeler Leasing School Program Cost: $16,500 Overview Wheeler Business Consulting L.L.C. provides training and continuous support to individuals seeking to enter the leasing/financing industry. The leasing/financing industry provides much needed funds to businesses looking to acquire essential equipment. Entrepreneurs nationwide are originating equipment financing and leasing transactions assisting small, medium and large companies. It is estimated that 80% of all businesses have leased equipment and that nearly one-third of all equipment purchased by corporations is funded by independent finance and leasing agreements. There are tremendous opportunities to enter the leasing/financing industry. There are few barriers to entry. Individuals who are properly trained, who are networked with local, regional and national funding sources can arrange transactions for their corporate clients in the range of a few thousand dollars to multi-million dollars. As with most businesses, the establishment of a lease brokering operation is a long term proposition. However, with the proper training, support and encouragement, an individual can start making above average incomes relatively quickly. Within two to five years an individual should expect to generate an income which is well in the six figure range. With quality training, individuals will be able to offer consistent, high spirited customer service to their commercial clients. Successful lease brokers can build a business from a small home based operation to a full service office in a relatively short period of time. My goal is to share my twenty-eight years of industry experience with others who are serious about learning and succeeding in the leasing/financing industry. Contact Information: Wheeler Business Consulting LLC 1314 Marquis Ct. Fallston, Maryland 21047 Phone: 410-877-0428 Fax: 410-877-8161 email: scott@wheelerbusinessconsulting.com Website: www.wheelerbusinessconsulting.com

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

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

ICBA Asks Farm Credit System Regulator
to Explain CoBank Loan to Verizon

Tax-advantaged FCS lender makes $725 million loan
to Verizon in Vodafone buyout

Washington, D.C. The Independent Community Bankers of America® (ICBA) yesterday expressed alarm that Farm Credit System (FCS) lender CoBank, a $90 billion bank for cooperatives, was significantly involved in a $12 billion loan to Verizon Communications to purchase Vodafone’s stake in Verizon Wireless. In a letter to the FCS’s regulator, the Farm Credit Administration (FCA), ICBA President and CEO Camden R. Fine noted that Verizon and Vodafone are multinational telecommunications firms, hardly candidates for tax-advantaged financing from a government-sponsored enterprise (GSE) that provides credit and other services to agricultural producers and farmer-owned cooperatives.

“On its face, CoBank’s involvement appears to be an effort to leverage their GSE status deeply into the realm of multi-national, non-agricultural, non-rural and non-cooperative corporate financial deals,” Fine wrote. “This is not the purpose for which CoBank was created as part of the Farm Credit System.”

In ICBA’s letter to the FCA, Fine noted that Securities and Exchange Commission documents show that CoBank is financing $725 million of the global telecom buyout, the largest amount of any lender. Vodafone, a multinational telecommunications company headquartered in London, is the world’s second-largest mobile telecommunications company in terms of revenues and subscribers. Verizon Communications, headquartered in New York City, recently reported a third-quarter profit of $2.2 billion and revenues of more than $30 billion.

“This is a clear breach o FCS lending authority and a misuse of the taxpayer-backed GSE’s implicit subsidies,” Fine said today. “The FCS has for years worked to expand its lending authority to use its government-sponsored subsidies to compete with rural community banks. This egregious loan for a major telecommunications industry buyout between large multi-national corporations located in two of the world’s largest cities is the latest example of unjustifiable mission creep and hardly represents a rural loan.”

About ICBA
The Independent Community Bankers of America®, the nation’s voice for nearly 7,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit www.icba.org.

 

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)

Classified ads— Accounting/Aircraft/Appraisals

Leasing Industry Outsourcing
(Providing Services and Products)

Appraisals: 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	Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround. Visit nationalequipmentappraisal.com  or call 714-282-1525.”
Accounting: Dallas, TX Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available. E-mail: mattm@osgsolutions.com	Accounting: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available, (216) 658-5618, E-mail gary@avptc.com
Aircraft Delivery: Seattle, WA  Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey operation. globalaircraftdelivery.com  E-mail:info@globalaircraftdelivery.com	Asset Management: Canada  Cease Bailiff Services Incorporated: Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security Asset Liquidations/Sales; Ottawa, Canada;www.ceasebailiff.ca dave@ceasebailiff.ca; Phone 613 898 7376 Fax 613 225 2452
Asset/Recovery & Collections: Charlotte, NC IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or E-mail to Robert@mbsfinancial.com	Nationwide Seasoned anfair 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/Recovery: NorthWest  Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contactrossr@sequentam.com	Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing cell # 586-909-8797 bob@nsleasing.com
Appraisals/Asset Recovery 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	Appraisals/Inspections – Construction & Mining Heavy Equipment, Transport, Agriculture and Manufacturing. We provide Certified Appraisal Reports, (USPAP Compliant), Inventory Inspections, Collateral Valuation, VIN and Serial Number Verification with Detailed Photos, Lessee and Vendor Site Inspections including Customized Inspections. In a Hurry? Try our Kwik-Kwote  Email www.MobileEquipAppraisals.com

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How to Post a free "Outsourcing" classified ad:
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Labrador Retriever
Chatham, Virginia Adopt-a-Dog

Species: Dog
General Color: Black
Current Size: 50 Pounds
Current Age: 6 Years 1 Month (best estimate)
Housetrained: Yes
Adoption Fee: $150

“Who doesn't love the All-American Labrador? She has it all! She is housetrained, leash trained, knows sit, stay, shake, etc. She also does wonderful off the leash. She knows her boundaries and doesn't stray. She also isn't a chicken chaser! Could you ask for a better dog? She is currently being fostered with dogs of all sizes and she does great with them. She also loves kids and cats.

“Don't be fooled, Sheba is a puppy at heart and is looking to spend many years with her new family.”

More about Sheba
Good with Dogs, Good with Cats, Good with Kids

Animal Welfare League of Pittsylvania County
P.O. Box 936
Chatham, VA 24531
(434) 432-0080
awlopc @yahoo.com

 

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/

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----

TARP Exit Opens Door for Synovus Financial
http://www.ajc.com/news/business/tarp-exit-opens-doors-for-ga-bank/nbWMH/

Weak jobs report may extend Fed stimulus effort
http://www.latimes.com/business/money/la-fi-mo-jobs-report-fed-policy-20131022,0,2613475.story

Unemployment drops to 5-year low, but job growth disappoints
http://www.latimes.com/business/money/la-fi-mo-jobs-unemployment-report-20131021,0,328906.story

Shutdown Will Hinder True Gauge of Economy
http://www.nytimes.com/2013/10/23/business/economy/shutdown-will-hinder-true-gauge-of-economy.html?hp

Why and How KeyBank Has Become Big Data-Driven
http://www.americanbanker.com//issues/178_203/why-and-how-keybank-has-become-big-data-driven-1063007-1.htm

Bank of Marin earnings rise 25 percent
http://www.northbaybusinessjournal.com/81820/bank-of-marin-raises-dividend-after-q3-results/

TD Bank Recognized As Nation's "Best Big Bank"
http://online.wsj.com/article/PR-CO-20131022-907604.html

Apple Targets Microsoft Office With Free App
http://www.nytimes.com/2013/10/23/technology/with-new-apple-ipads-tablets-move-closer-to-passing-pcs-in-sales.html?hp&_r=0

 

[headlines]
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--You May Have Missed It

9 Unusual Dog Breeds
http://shine.yahoo.com/pets/9-unusual-dog-breeds-133900247.html

[headlines]
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SparkPeople--Live Healthier and Longer

The Trick or Treat Candy Quiz SparkPeople Nutrition Quiz
http://www.sparkpeople.com/resource/quizzes_start.asp?quizid=62

[headlines]
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Baseball Poem

Three Strikes, Yer Out

..... written by Greg Salts, Chula Vista, Calif.

The first pitch was heat that looked more like meat.
You swung awful fast but it fouled off my mask.
You looked far too long at the base coach's face.
Your task here is simple, just get to first base. 

You step in the box and shuffle your feet.
"O-2 on the batter," I said,
and was glad I glanced at him then and he really looked mad. 

The catcher laid down number three as a sign
A change-up it was and it looked mighty fine. 

I can't figure out why you stood there and looked.
But now there's a backward K in the book.

[headlines]
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Sports Briefs----

Former Browns QB Garcia calls team for tryout
http://sports.yahoo.com/news/former-browns-qb-garcia-calls-234024757--nfl.html

Giants, Lincecum agree to terms on two-year deal
http://blogs.sacbee.com/bay-area-baseball/2013/10/giants-lincecum-agree-to-terms-on-two-year-deal.html

49ers ‘much fancied’ to beat Jaguars; Okoye, Tomsula to meet media
http://blog.sfgate.com/49ers/2013/10/22/49ers-much-fancied-to-beat-jaguars-okoye-tomsula-to-meet-media/

Allegations of preferential treatment arise regarding Aldon Smith’s DUI arrest
http://www.nbcbayarea.com/investigations/Did-49ers-Aldon-Smith-Receive-Preferential-Treatment-from-Santa-Clara-County-Sheriff-228676411.html

 

[headlines]
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California Nuts Briefs---

BART trains resume full service Tuesday afternoon after strike ends
http://www.contracostatimes.com/news/ci_24360491/strike-now-over-bart-trains-resume-limited-service

[headlines]
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“Gimme that Wine”

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

Grape Harvest Winds Down in Napa
http://www.winesandvines.com/template.cfmnews&content=123196

Sonoma/Napa Wine Country Restaurant Michelin Guide Ratings
http://www.pressdemocrat.com/article/20131022/lifestyle/Michelin-Guide-gives-stars-to-38-restaurants-in-Bay-Area-and-Wine-Country-

A Bourbon-Rye Blend, You Say?
http://www.nytimes.com/2013/10/23/dining/a-bourbon-rye-blend-you-say.html?ref=dining

10 agriculture stories you should read today, Oct. 21
http://westernfarmpress.com/tree-nuts/10-agriculture-stories-you-should-read-today-oct-21

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

    1761 - A hurricane struck southeastern New England. It was the most violent in thirty years. Thousands of trees blocked roads in Massachusetts and Rhode Island. 
    1775 - Continental Congress approved a resolution barring blacks from army. 
    1783 - Virginia emancipated slaves who fought for independence during the Revolutionary War. 
    1813- The Americans operating the Pacific Fur Company trading post in Astoria, Oregon, turn the post over to their rivals in the British North West Company, and for the next three decades Britons dominate the fur trade of the Pacific Northwest. By the 1840s, the beaver population had dwindled, while American settlement in the area was on the rise. Unwilling to protect the Hudson Bay Company's claim to the region, the British agreed to accept American control of the territory below the 49th parallel in 1846 and ceded to the U.S. the territory encompassing the future states of Washington, Oregon, and Idaho. (see Real Facts/Snapple) 
    1824-John Stevens, age 76, designed and this day finished construction of the first steam locomotive to pull a train on a track. The locomotive could pull a 1,000 pound load at 12 miles per hour. It was operating on a circular track 220 feet in circumference on Steven's estate at Hoboken, New Jersey. It moved by means of a large gear wheel engaging a toothed rack placed on the ties between the rails. The wheels had no flanges, so to keep the train form running off the track, Stevens affixed little horizontal friction rollers on the underside chassis that pressed and rolled along the inner vertical face of the wooden beams used for rails. The 1830's saw the invention of the locomotive grow. The Baltimore and Ohio bid out the building of the first engine, which was won by Phineas Davis of York, PA, who built the “York.. In 1831, he built the first locomotive to burn coal. It was the first locomotive that had coupled wheels and a double instead of a single pair of drivers. It weighed 3.5 tons and attained velocity by gearing, using a spur wheel and pinion on one of the axles of the wheels. The only accident in which it was involved occurred on September 27,1835, as the result of a defective track. The accident killed Phineas Davis, who was riding on the locomotive. 
    1828-Birthday of Turner Ashby, Civil War Confederate Brigadier General. Stonewall Jackson's cavalry commander during Valley Campaign of 1862. Killed at New Market, VA while fighting rear guard action during Jackson's withdrawal from the Valley. His brother is buried with him and was murdered by a Union patrol in 1861 http://www.findagrave.com/cgi-bin/fg.cgi?page=grandGRid=8336 
    1843 - "Indian Summer" was routed by cold and snow that brought sleighing from the Poconos to Vermont. A foot of snow blanketed Haverhill NH and Newberry VT, and 18 to 24 inches were reported in some of the higher elevations. Snow stayed on the ground until the next spring. (22nd-23rd) 
    1844-A group who followed William Miller, who's day of reckoning did not happen the day before, began a new order and thus began the Seventh Day Adventist. 
http://www.christianitytoday.com/ch/61h/61h031.html 
    1869-The New York Stock Exchange put memberships up for sale for the first time in its seventy-seven-year history. 
    1871 --Birth of Edgar J. Goodspeed, American Greek N.T. scholar. He taught at the University of Chicago 1898-1937. In 1931, he co-authored with JMP Smith "The Bible: An American Translation," better known today as "Smith and Goodspeed." 
    1869-Birthday of John William Heisman, football player, coach and administrator, born at Cleveland, OH. Heisman played football at Brown and Pennsylvania and began coaching at Oberlin. He moved to Akron, Oberlin again, Auburn, Clemson, Georgia Tech, Pennsylvania, Washington and Jefferson, and Rice. After his retirement, he became athletic director oat the Downtown Athletic Club in New York. The club's award to the best college football player in the country was named in his honor posthumously. Died at New York, NY, Oct 3, 1936. 
    1885-Formal opening of Bryn Mawr, Pa., the first college in the US to offer advanced degrees to women. http://www.brynmawr.edu/about/who_goes.shtml 
    1891-Birrthday of blues pianist Speckled Red (Rufus Perryman), born Hampton, GA., Died January 2, 1973. http://www.centrohd.com/biogra/p2/rufus_perryman_b.htm 
http://shopping.yahoo.com/shop?d=productandid=1927171497 
http://sunsite.kth.se/feastlib/mrf/yinyue/pw/SPECKL.HTM 
    1906 -- Jonathan Latimer birthday. American hard-boiled mystery writer, noted for his Bill Crane series, described as an "alcoholic private detective", but who represents more accurately the "screwball-comedy" school of the 1930s mystery fiction. Latimer wrote also screenplays, notably Dashiell Hammett's The Glass Key. 
http://www.kirjasto.sci.fi/latimer.htm 
http://www.thrillingdetective.com/crane.html 
    1915- 25,000 women march in NYC, demanding right to vote
    1918--DUNN, PARKER F. Rank and organization: Private First Class, U.S. Army, Company A, 312th Infantry, 78th Division. Place and date: Near Grand-Pre, France, 23 October 1918. Entered service at: Albany, N.Y. Birth: Albany, N.Y. G.O. No.: 49, W.D., 1922. Citation: When his battalion commander found it necessary to send a message to a company in the attacking line and hesitated to order a runner to make the trip because of the extreme danger involved, Pfc. Dunn, a member of the intelligence section, volunteered for the mission. After advancing but a short distance across a field swept by artillery and machinegun fire, he was wounded, but continued on and fell wounded a second time. Still undaunted, he persistently attempted to carry out his mission until he was killed by a machinegun bullet before reaching the advance line. 
    1925- Here's Johnnnnnny—Johnny Carson's birthday. A long time smoker, he died from emphysema on January 23, 2005 in Malibu, California at age 79. http://www.johnnycarson.com/carson/
http://www.msnbc.msn.com/id/6504289
4531 Episodes http://www.timvp.com/carson.html
http://www.cnn.com/2005/SHOWBIZ/TV/01/23/carson.obit/index.html
    1927 -- Surrealist poet Philip Lamantia born in San Francisco, California.Lamantia discovered Surrealism as a teenager. Immediately drawn to this movement, he began to write poetry and left California for New York to meet Andre Breton, who recognized his talent and began publishing his poems. Lamantia's work appeared in Breton's VVV, as well as Charles Henri Ford's View and other experimental journals. He married Nancy Peters, a surrealist poet and co-owner, with Lawrence Ferlinghetti, of City Lights Books publishers, which is still in business in North Beach, the original haven for “Beatniks.”
http://www.charm.net/~brooklyn/People/PhilipLamantia.html
http://www.citylights.com
    1927---Alto sax player Sonny Criss Birthday. Died - November 19, 1977.
http://www.musicweb.uk.net/encyclopaedia/c/C362.HTM
http://members.tripod.com/~hardbop/criss.html
http://members.tripod.com/~hardbop/criss_discography.html
http://www.amazon.com/exec/obidos/ASIN/B000000YVC/avsearch-musicasin-20/
103-0570268-6906239
    1934-Birthday of golfer Juan (Chi-Chi” Rodriques, born Rio Piedras, Puerto Rico.
     1939 - North of Murmansk, a German prize crew steers the US ship City of Flint into Kola Bay. The steamer was seized as contraband by a German cruiser. SS City of Flint, a freighter of the United States Merchant Marine, was the first American ship captured by the Germans during World War II. Under the command of Captain Joseph H. Gainard, City of Flint first became involved in the war when she rescued 200 survivors of the torpedoed British passenger liner SS Athenia in early September 1939. On October 9, City of Flint was carrying 4000 tons of lubricating oil from New York to Great Britain. (Panzerschiff) Deutschland seized her some 1200 miles out from New York, declaring her cargo to be contraband and the ship a prize of war. A German prize crew painted out all US insignia and hoisted the German ensign. To avoid the Royal Navy, the prize crew headed for Tromsø. The Norwegians, neutral at the time and disturbed by the sinking of the merchant SS Lotent W. Hassen, refused entry to the Germans. The prize crew then sailed for Murmansk, claiming havarie (the privilege of sanctuary for damage caused at sea), but the Russians also refused entry, stating that if the Germans claimed havarie, the American crew could not be prisoners of war. In the several weeks that elapsed, the United States ordered many US merchant ships to register with other countries, so as to continue supporting the Allies without violating the US's nominal neutrality. The Royal Navy began closing on the captured ship. The prize crew then tried Norway again at the port of Haugesund. The Norwegian government again refused entry, describing the German crew as kidnappers. The approaching Royal Navy left the prize crew no choice, though; on November 3 they entered the harbor. The Norwegian Admiralty interned the German crew and, on November 6 returned City of Flint to Captain Gainard's command.
    1940-Birthday of Pele ( EdsonArantes do Nascimento) famous soccer player, born Tres Coracoes, Brazil. 3 winning teams [1958, 1962, 1970].
    1941—The Lend Lease Act was passed by the US Senate, giving the president authority to send material to Europe and continue neutrality in the war. http://memory.loc.gov/ammem/today/oct23.html
    1941 - Walt Disney's classic animated film, Dumbo, was released to theaters. It was one of the shortest Disney full-length animations produced, at a running length of 64 minutes. Critics considered it the best of Disney's animations to date because of its heart, compassion, and skill. It was also one of the least expensive to make, costing about $950,000.
    1944-In response to the Allied invasion of the Philippines at Leyte, the Japanese initiated "Sho-Go" (Operation Victory) , an attempt to counter the Allies' next invasion by heavy air attacks. Four carriers were sent south from Japanese waters to lure the US aircraft carriers away from Leyte Gulf. At the same time Japanese naval forces from Singapore were sent to Brunei Bay, spilt up into two groups and converged on Leyte Gulf from the north and southwest. The group in the north, under Vice Admiral Kurita Takeo, was to enter the Pacific through the San Bernardino Strait between the Philippine islands of Samar and Luzon. On Oct 23 Kurita lost two of his heavy cruisers to US submarine attack, and one of Japan's greatest battleships, the Musashi, was sunk in an aerial attack the next day The southern group commanded by Vice Admiral Nishimura Teiji was detected on its way to the Surigao Strait and was practically annihilated by the US 7th Fleet, resulting in serious loses for the Japanese.
    1944 - The 1st Battalion, 141st Infantry, 36th Infantry Division (TX), soon known as the "Lost Battalion" was cut off on top of a hill by German infantry and armored forces. After six days of stemming repeated enemy attacks and suffering extremely high losses and with ammunition, food and water running out, the battalion was relieved by the other two battalions of the 141st along with the famed 442nd Regimental Combat Team made up of Japanese-Americans.
    1945- Dodger President, Branch Rickey, announces that Jackie Robinson has signed to play with Brooklyn's Triple A team in Montreal. The 26-year old Negro League star will be the first black player to play in organized baseball since 1884.
    1947-The NAACP petitions the United Nations about racial injustices.
1947-The first Nobel Prize shared by an American husband and wife was the Nobel Prize for physiology or medicine, awarded to Dr. Carl Ferdinand Cori and Dr. Gerty Theresa Cori of the Washington University School of Medicine, St. Louis, MO, who discovered how sugar in the human system is converted into glycogen through an enzyme or biological catalyst called phosphorylase.
    1950 - Communist troops massacred 68 American POWs in the Sunchon tunnel. A 1st Cavalry Division force under the command of Brigadier General Frank A. Allen rescued 21 survivors.
    1951- The NAACP pickets the New York Stork Club in support of Josephine Baker, who was refused admission a week ago. After a city- convened special committee calls Baker's charges unfounded, Thurgood Marshall calls the findings a "complete and shameless whitewash of the long-established and well-known discriminatory policies of the Stork Club."Josephine Baker rummaged for coal behind Union Station and for food behind Soulard Market in St. Louis. At age 13 she was a waitress at the Chauffeurs' Club on Pine Street and danced with a minstrel band. In 1925 she went to Paris with the Revue Negre. Baker starred in the Folies-Bergere the next season and became one of France's best-loved entertainers. During WWII, she was a heroine of the Resistance, earning the Legion d'Honneur. A French citizen, she remained an activist for civil rights in the US. On her death in 1975, Baker was given an unprecedented state funeral in Paris.
    1954-Elvis Presley reaches a Billboard chart outside of Memphis for the first time when "Blue Moon Of Kentucky" hits #6 in Nashville and #3 in New Orleans. 
    1955—Top Hits 
Love is a Many-Splendored Thing - The Four Aces 
Autumn Leaves - Roger Williams 
The Shifting, Whispering Sands - Rusty Draper 
Love, Love, Love - Webb Pierce
1956-The Jonathan Winters Show was televised in New York on WRCA-TV, taped with a RCA machine and then played back for the West Coast at a later time. It was the first telecast shown in full compatible color. It also was the first video recording on magnetic tape televised coast-to-coast.
1959-Birthday of singer, satirist Alfred Matthew ( Weird Al” ) Yankovic, born Lynwood, CA.
http://www.weirdal.com/
    1959 -- Charles Van Doren recants his testimony. The son of author/teacher Mark Van Doren (Allen Ginsberg, et al) originally denied to a grand jury that the TV quiz show "21" had supplied him with questions and answers in advance. His confession was front page news and a shock to the American public that had made the television show more popular than “Who Wants to Be a Millionaire” of today. It also made all television games suspect and the medium itself.
    1961-The fist jazz composition to appear on the Top 40 charts was pianist Dave Brubeck's instrumental “Take Five, which entered the Top 40 popular music charge published by the trade newspaper. It eventually reached 25.
http://www.cdlagoon.com/8910978.html
http://www.schirmer.com/composers/brubeck_bio.html
http://www.duke.edu/~smt3/brubeck.htm
    1961 - Dion's "Runaround Sue" was the #1 U.S. single. It remained at the top for two weeks until being knocked off by Jimmy Dean's "Big Bad John".
    1962—Birthday of my cousin Douglas Richard (Doug) Flutie, football player, born Manchester MD. Heisman Trophy winner [1984]; CFL: British Columbia Lions [1991 record: passing yards gained in a season: 6,619]; NFL: Buffalo Bills, San Diego Chargers. Today he is a sportscaster.
    1962-Twelve-year old Steveland Morris Judkins, renamed Little Stevie Wonder, records his first single, "Thank you for Loving Me All the Way," for Motown Records. The record doesn't do anything but he is billed as the twelve year old genius.
    1963—Top Hits 
Sugar Shack - Jimmy Gilmer and The Fireballs 
Be My Baby - The Ronettes 
Busted - Ray Charles 
Love's Gonna Live Here - Buck Owens
    1965--The Byrds' "Turn! Turn! Turn!" is released.
    1965-The Temptations enter the Hot 100 for the seventh time with "My Baby," which will reach #13 in eight weeks on the chart.
    1966-The Yardbirds and Country Joe and the Fish at the S.F. Fillmore. 
    1970 - ‘Lady Soul', Aretha Franklin, won a gold record for "Don't Play that Song".
    1971-Walt Disney World opens in Orlando, Florida, 16 years after Disneyland opened in Anaheim, California. Disney World, featuring rides and characters from Disney's beloved movies, would later include EPCOT Center (which opened in 1982), based on Walt Disney's vision of a Utopian planned community. (EPCOT stands for Experimental Prototype Community of Tomorrow.) The Walt Disney Company launched a real planned community, Celebration, Florida, in 1996.
    1973-Eight impeachment resolutions were introduced in the House, even as President Nixon announced he would turn over the subpoenaed Watergate tapes.
    1975 - Elton John's Los Angeles concert was sold out at Dodger Stadium. It was the finale to his concert tour of the western U.S.
1975- In a fitting finish to one of the most classic World Series ever played, the Reds beat the Red Sox in a thrilling Game 7 victory, 4-3. Joe Morgan's ninth inning looping single scoring Ken Griffey proves to be the decisive hit.
    1976-Led Zeppelin make their US television debut on Don Kirshner's Rock Concert, where they perform "Black Dog" and "Dazed And Confused". 
    1976 - Chicago's hit single, If You Leave Me Now also made it to the record charts top spot on this date, and remained Number 1 for 2 weeks.
    1978-CBS Records becomes the first US label to announce a price hike to $8.98 for albums. Other labels soon followed suit. 
    1979—Top Hits 
Rise - Herb Alpert 
Pop Muzik - M 
I'll Never Love This Way Again - Dionne Warwick 
All the Gold in California - Larry Gatlin and The Gatlin Brothers
    1983 - A truck filled with explosives, driven by a Moslem suicide terrorist, crashed into the U.S. Marine barracks near the Beirut International Airport in Lebanon. The bomb killed 241 Marines and sailors and injured 80. Almost simultaneously, a similar incident occurred at French military headquarters, where 58 died and 15 were injured. Four months after the Marine barracks bombing, U.S. Marines were ordered to start pulling out of Lebanon.
    1987 - Thirteen cities in the southeastern U.S. reported record low temperatures for the date. It marked the sixth record low of the month for Greer SC and Columbia SC, and the ninth of the month for Montgomery AL. Showers and thunderstorms deluged Corpus Christi TX with five inches of rain. Winnemucca NV reported their first measurable rain in ninety-two days, while Yakima WA reported a record 96 days in a row without measurable rainfall.
    1987—Top Hits 
Lost in Emotion - Lisa Lisa and Cult Jam 
U Got the Look - Prince 
I Think We're Alone Now - Tiffany 
Fishin' in the Dark - Nitty Gritty Dirt Band
    1988 - Denver, CO, reported their first freeze of the autumn, and Chicago, IL, reported their first snow. In Texas, afternoon highs of 93 degrees at Austin and San Antonio were records for the date.
    1989 -Up to 3 feet of snow fell in the mountains around Lake Tahoe with 21 inches at Donner Summit. Locally heavy rains in the San Francisco area caused numerous mudslides, adding insult to injury for earthquake victims. Thunderstorms in northern California produced 3.36 inches of rain at Redding to set a 24 hour record for October. A storm moving out of the Gulf of Alaska brought rain and high winds to the Central Pacific Coast Region. High winds in Nevada gusted to 67 mph at Reno, and thunderstorms around Redding CA produced wind gusts to 66 mph.
    1990-Michael Jackson donates one of his stage outfits, including a hat and a rhinestone covered glove, to the Motown Museum in Detroit. In his address, Jackson thanks Berry Gordy, calling him "the man that made it all possible for me." 
    1990-Motorola announced it had developed technology to send data at high speeds within office buildings using digital radio transmission. The technology, powerful enough to transmit anywhere in a large building, would allow companies to move computers from one office to another without laying new wiring. While wireless communication for all kinds of computer devices became common in the late 1990s, most companies continued to rely on cable to connect in-office, desktop computers. The wireless telephone and communicator business is now bringing wireless capabilities further with longer distances of source available.
    1993 - After his winning home run gave the Blue Jays the win, Joe Carter stepped on home plate and touched off a SkyDome celebration. The Toronto Blue Jays beat the Philadelphia Phillies 4 games to 2 in the World Series to win the title for the second year in a row.
    1994 - Mel Gray passes Ron Smith to become the all-time NFL leader in kickoff return yards. Gray finishes his career with 10,250 yards. 
    1998 - An American brokered peace deal was reached at the Wye Plantation in Maryland between Yasser Arafat and Benjamin Netanyahu. Israeli and Palestinian extremists denounced the deal. Land for the Palestinians was exchanged for security guarantees to the Israelis backed by the American CIA. Pres. Clinton agreed to release Jonathan Pollard, who was jailed 11 years ago on charges of spying for Israel.
    1999-Thirty years after making his initial US chart appearance with a song called "Jingo", Carlos Santana had his first number one hit with "Smooth". The track, which features the vocals of Rob Thomas of Matchbox Twenty, would stay at the top for twelve weeks and remained in the top ten for a record setting 30 weeks. 
    2002--In Game 4 of the World Series, Barry Bonds is walked intentionally three times setting a new record for a Fall Classic game. Angels starting pitcher John Lackey, who issues all the free passes to the Giants left fielder, does not factor in the decision in San Francisco's 4-3 victory at Pac Bell, which deadlocks the series at two. 
    2002-- Lou Gehrig's consecutive games streak being broken by Cal Ripken Jr. in 1995 is voted as baseball's most memorable moment by the fan participating Major league baseball and MasterCard promotion. Hank Aaron breaking Babe Ruth's all-time home run record, Jackie Robinson becoming the first black to play in major league baseball, Mark McGwire breaking Roger Maris' single-season home run record and Lou Gehrig's farewell speech were also in the top five events selected by the fans.
    2005-- For 14th time in World Series history, a walk off home run ends Game 2 as Scott Podsednik's ninth inning blast at Chicago's U.S. Cellular Field beats the Astros, 7-6. In 1960, Hall of Famer Bill Mazeroski was the first player to accomplish the feat as his game-ending homer makes the Pirates World Champions.
2005-- On the verge of the first World Series game in Texas, much to the chagrin of the Astros, MLB rules Houston must play Game 3 of the Fall Classic with its Minute Maid Park roof open. During the regular season, the team had a much better record (38-17) when ballpark was enclosed than in games started in open air (15-11) .

World Series Champions This Date

1910 Philadelphia Athletics
1993 Toronto Blue Jays