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

kitmenkin@leasingnews.org
   

 

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What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us.

www.coretechleasing.com
CoreTech specializes in medium to
large size companies and firms
Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?

 

Tuesday, October 10, 2017

Today's Equipment Leasing Headlines

Job Wanted – Collections
 Work Remotely or Relocate for Right Opportunity
Top Stories:  October 2 - October 6
  (Opened Most by Readers)
CFPB Goes After PayDay Lenders
   By Tom McCurnin, Leasing News Legal Editor
The Complaint Process for Leasing and Finance Associations
  Certified Leasing and Finance Foundation
National Alliance of Commercial Loan Brokers
   Conference October 17 Breaking Records
Contract Administrator Position Wanted
  Equipment Leasing Account Executive Needed
Leasing 102 by Mr. Terry Winders, CLFP
   Lease Assignments
States with Most DACA Applications
   Chart
Thirty Percent of Credit Departments Are Understaffed
   Survey by Credit Today
U.S. Small Business Hasn’t Turned the Corner
   Reuters/PayNet Small Business Lending Index
Equipment Finance Professionals Meet at Funding Symposium
   292 Attendees, 86 First Timers
Labrador Retriever, Chocolate
   Danville, Pennsylvania
Wind-Fueled Inferno Ravages Wine Country
   At least 10 deaths, 1,500 structures destroyed

News Briefs---
Square Planning to Offer Business Loans through
  Square Capital plus Take Deposits and Other Services
Google Restricts Ads for Merchant Cash Advances
  Includes Google Adwords Status by  Sean Murray, deBanked
Pacific Western Bank pays $1.75M over treasurer
    likened to Bernie Madoff
Top Puerto Rico bank says four months too long
     to wait for power
China Hastens the World Toward an Electric-Car Future
China buys more General Motors-branded cars than Americans do

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

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 Baseball Poem
  Sports Brief----
   California Nuts Brief---
   "Gimme that Wine"
     This Day in History
      SuDoku
       Daily Puzzle
        GasBuddy
         Weather, USA or specific area
          Traffic Live----

######## 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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[headlines]

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Job Wanted – Collections
Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week. 

Collections

Chicago, Illinois
Seasoned Risk and Portfolio Management professional with strong Collections, Workouts, Portfolio Management, Underwriting, Process Improvement and Credit Management background. Deep expertise in risk management and portfolio management within a regulated and compliance-driven banking environment. Partners with senior leadership to identify business risks and determine business strategy based on market and industry trends. Leads initiatives to improve efficiency and mitigate risk. Leverages business acumen and expertise gained through experience across multiple industries, including industrial, consumer and financial services, to develop and implement solutions, improve profits and reduce losses. Significant large-scale project management experience.
Demonstrated ability to analyze and articulate complex issues and implement process improvements. Excels in evaluating and mitigating customer credit risk, profit improvement, management reporting, loss mitigation and business intelligence
wgriffith61@yahoo.com 
Resume

 



Work Remotely from Portland, Oregon

Experienced commercial banker and former commercial equipment leasing industry professional seeking full-time or part-time work out of my home in Portland, Oregon. Over twenty years’ experience in credit analysis, underwriting, sales and collections. Known for creative problem solving and strong quantitative & qualitative analytical skills.  Demonstrated ability to gather information, evaluate and make informed strategic business decisions to maximize profit and mitigate risk. Well known for ability to develop strong business relationships with Clients and large list of national equipment leasing Brokers. Please see attached resume and contact me below if interested. 
Resume
JFrank@BL-Solutions.com



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Top Stories:  October 2 - October 6
(Opened Most by Readers)

(1) Top Nine Leasing Company Websites
         in North America
http://leasingnews.org/archives/Oct2017/10_04.htm#nine

(2)   “Hewlett Packard Sabotaged My Printer”
  Requires HP Ink Only---But Can be Overcome!
http://leasingnews.org/archives/Oct2017/10_06.htm#hp

(3) NEFA Atlanta Conference
         292 Attendees, 86 First Timers
http://leasingnews.org/archives/Oct2017/10_06.htm#nefa

(4) New Hires/Promotions in the Leasing Business
          and Related Industries
http://leasingnews.org/archives/Oct2017/10_06.htm#hires

(5) CLFP Names Ten New Board of Directors
            Elected and Appointed
http://leasingnews.org/archives/Oct2017/10_04.htm#cflp

(6) Leasing #102 by Mr. Terry Winders, CLFP
         TRAC Leasing
http://leasingnews.org/archives/Oct2017/10_02.htm#trac

(7) Fourth Quarter Play: Finance Equipment Now
           to Take Advantage of Tax Breaks
http://leasingnews.org/archives/Oct2017/10_04.htm#fourth

 (8) $9 Million Green Energy Fraud Catches up
          with Wisconsin Entrepreneur
http://leasingnews.org/archives/Oct2017/10_02.htm#9

(9) Correction: Top Nine Leasing Company Websites
           in North America
http://leasingnews.org/archives/Oct2017/10_06.htm#correction

(10) Lease $mart
  Joins "Broker/Lessor" List "A"
http://leasingnews.org/archives/Oct2017/10_02.htm#leasesmart

 

Bookmark Leasing News

[headlines]
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CFPB Goes After PayDay Lenders
By Tom McCurnin
Leasing News Legal Editor

Ability to Repay is Focus, But Rates Are Not Capped
and Merchant Cash Advances Are Not Addressed

CFPB 12 CFR 1041 Docket 2016 0025 (October 5, 2017)

The Consumer Finance Protection Bureau has finalized new rules on payday lending: 

• The Rule Is For Consumers Only. The rule applies to consumers, not businesses, but as sometimes is the practice, commercial practices and standards may be judged by the consumer prism. 

• Rule Applies to Short Term Loans Only. The rule applies to short term loans of 45 days or less. However, parts of the rule apply to longer terms, if the interest rate is over 36%. 

• Makes It Unlawful to Force ACHs More Than Twice. The rule deems the practice of repeated ACH debits, after two consecutive failures, to be an “unfair and abusive” practice. The consumer must give the lender consent to ACH again, in such instances and the lender must provide the consumer with notice of the prohibition and the requirement to obtain a new consent 

• Lenders Will Have to Analyze the Ability to Repay. The lender must verify the borrower’s income, borrower’s expenses (including housing expenses).

• Surprisingly, Rates Are Not Capped. These loans can reach interest rates of 300%. 

• Multiple Advances Will Be Prohibited. Where the borrower has already taken three short term loans, within 30 days of each other, the lender may not make a 4th payday loan.

• Lender Must Report and Institute Compliance Program. The rule sets up a registry for information including a comprehensive record of a consumer’s borrowing. 

• The Payday Loan Industry Will Be Impacted. Agency chief Richard Cordray acknowledged Thursday that the industry may shrink by two thirds.

What are the takeaways here?

The rule does not impact equipment lessors nor will it impact the merchant cash advance industry.  However, the same predicates and problems exist in the merchant cash advance industry, so regulation of that industry may not be far behind. Such industries may be wise to start implementing some of the guidelines as to repayment analysis and ACH procedures well in advance of any possible future regulation. 
 
CFPB Final Rule Payday Loans (1690 pages)
http://www.leasingnews.org/PDF/CFPBFinalPaydayLoans.pdf

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

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

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

 


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The Complaint Process for Leasing and Finance Associations
Certified Leasing and Finance Foundation

 

The CLFP Foundation complaint procedure is very similar to the National Association of Equipment Leasing Brokers. It may be due to the involvement of Joseph Bonano, CLFP, former legal counsel for the NAELB as well when he was active on the Board of Directors of the CLFP Foundation.

The party making the complaint cannot be in litigation on the matter for the Executive Director to renew the situation. The procedure requires a response from the party making the complaint, and if none, "the charges may be deemed admitted. (If a response is received), it is up to the Board of Directors to resolve the matter…if no response received within ten calendar days, the Respondent will be held to be in violations of the Standards.” If the matter remains unresolved between the parties after the Board considers both sides, “the Board has total discretion to take whatever action it deems appropriate. The action may include, but is not limited to, dismissal of the complaint, private censure, probation, public censure, suspension of the respondent's status as a CLFP in Good Standing or removal of CLFP in Good Standing status."

Reid Raykovich, CLFP, Executive Director informs Leasing News, "the Complaint Procedure will be revisited and possibly rewritten during our Board retreat in January."

CLFP Complaint Procedure (2 pages)
http://www.leasingnews.org/PDF/CLFPComplaintProcedure.pdf

Complaint Process for Leasing and Finance Associations
  ELFA, NAELB, NEFA
http://leasingnews.org/archives/Oct2017/10_02.htm#process

 

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National Alliance of Commercial Loan Brokers
Conference October 17 Breaking Records


Kris D. Roglieri, CEO of several companies including finance, training, and marketing, co-founder of the National Alliance of Commercial Loan Brokers, on Friday told Leasing news:

"We broke our own record for attendees:

"684 attendees as of this email and counting.

"Over 120 lenders will be there. That's over 180 more attendees then last year!

"Also, Joe Bonanno, CLFP, a leading attorney, will be speaking about the importance of diversification of product lines for today's broker."

The event is being held October 17, 2017 through October 19, 2017 at the Gaylord Resort & Convention Center, Orlando, Florida.

What makes this conference difference are funders and brokers who normally do not attend conferences, but come from all parts of the United States. This is not just for members of one group, but open to all, many who do not belong to finance and leasing associations, including specialists with specific followings in business loans, equipment finance and leasing, merchant advance, working capital and other commercial financial transactions.

For more information, please go here: http://www.naclb.org/ 

 


[headlines]
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Contract Administrator Position Wanted
Equipment Leasing Account Executive Needed

Equipment Leasing Account Executive

To learn more, please click here

 Contract Administrator Position Available

To learn more, please click here

What sets CoreTech apart from other equipment leasing companies is our team members and impeccable reputation. Are you unhappy with the ethics of your company and the promises made to you? Come to Newport Beach and join us.

www.coretechleasing.com
CoreTech specializes in medium to
large size companies and firms
Over 100 law firms trust CoreTech for their leasing needs, why wouldn't you?


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

Leasing 102 by Mr. Terry Winders, CLFP

Lease Assignments

When you elect to sell a lease transaction or assign the rights to collect the payment stream, the assignment document that passes the rights you want to sell needs to be carefully drawn. A lot of pressure is developing for full disclosure on total payments, advanced payments and security deposits so a complete picture is understood by the funding source, especially if the funding source is a bank.

A complete picture allows the funding source to explain how much revenue is earned by each party. For several years, only the number of payments being sold was identified in the assignment agreement but now there are questions and concerns on the correct way to identify which payments are involved. The total payment stream needs to be identified and each payment numbered with the starting number to the last number of the payments being assigned.

Buy rates formerly allowed a broker to obtain any fee possible so long as the funding source received the required rate. However, now the amount of earnings for both parties is being computed so it can be recorded and disclosed to the regulators. In addition, it is becoming harder for a leasing company to service the transaction if it is a non-recourse assignment. Most bank funding sources are requiring the funds to be sent to a lock box so the bank is in control of the revenues and proper records can be verified for delinquency. There was a rash of problems last year with leasing companies failing to report proper payments when they were servicing the leases, making the regulators very nervous.

In addition, if there is a security deposit, it is a cash bond against performance and must be placed in the care of the funding institution. If there is a commingling agreement in the lease agreement, then the security deposit can be used as a rate magnifier, if, the quality of the credit warrants it. If there is no commingling agreement then the security deposit needs to be held separate and an agreed interest rate applied to it. One mistake I see is when some lessors state that the last payment, in advance, is used as a security deposit. This cannot be because the accounting for a last payment is different than the accounting for a security deposit. The assignment agreement should deal with who is handling excess funds like last payments and security deposits.

The assignment agreement must state who carries the risk of the collection of the deal and who owns what piece of the deal; rights, title, interest, tax benefits, rent receipts, etc.  On many occasions, we see parts sold on a non-recourse basis which means the funding source takes the credit risk but the selling company takes the fraud risk. If the deal cannot be collected for sloppy documentation or fraud, then the seller must repurchase the deal regardless of the non-recourse assignment.

There are many reasons a non-recourse assignment becomes a recourse arrangement improper equipment description, lack of clear title, no signing authority, poor math, and knowledge of credit problems not shared with the funding source. The assignment must cover all aspects of the assignment and the seller takes on the responsibilities to make sure the deal is sound and documented completely and correctly with a complete presentation of all the facts.

An assignment agreement should be well thought out and cover every eventuality that could surface so there are no surprises.

A rent assignment must also discuss who is going to be the servicing agent and who is going to collect and pay assessed taxes such as property tax, CAT tax, sales tax and all the local taxes that may be imposed during the term of the lease. assignment.


Terry is now retired. The above is updated from a prior column.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

 

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[headlines]
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Thirty Percent of Credit Departments Are Understaffed
Survey by Credit Today

Fully thirty percent of today's credit departments are understaffed, according to data from Credit Today's soon-to-be-released Staff Benchmarking Survey. That is despite a significant ramping up of staff sizes in comparison with seven years ago, during the depths of the Great Recession.

We've been working diligently behind the scenes for some months now putting together our most comprehensive Staff Benchmarking Survey ever, and here's our first unveiling of data from this significant industry survey.

Just How Short?

Of those departments that are understaffed, it would require, on average, 4.1 additional staffers to get them up to where they'd like to be. This is up markedly from 7 years ago, when the average shortfall was pegged at 1.7 staffers. Digging a little deeper, we find that consumer products manufacturing credit execs -- in particular the larger firms -- are facing the greatest staffing shortfall.

Understaffing Impact on DSO

The second big takeaway from this stat is a comparison of the DSO of those who are understaffed with those who are fully staffed. Companies whose credit departments are understaffed have a DSO 3.3 days higher than those describing themselves as adequately staffed.

We can't say definitively whether the under-staffing is the cause of the higher DSO -- certainly many variables come into play -- but a staffing shortfall leaves credit departments unable to manage A/R as effectively as they could and DSO is certainly likely to suffer as a result.

Our belief has always been that at a well-run credit department, staffing is an investment that pays dividends and this statistic bears that out.

Top management -- when considering the costs of staffing -- ought certainly to also factor in the costs of DSO, as well as all the other profitability metrics associated with well-run receivables.

The Editors at Credit Today 
540-343-7500
Editor@CreditToday.net  
PS. If you're hiring, use our job board - www.CreditJobsToday.com - to find the very best candidates in the profession! 

 

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

U.S. Small Business Hasn’t Turned the Corner
Reuters/PayNet Small Business Lending Index

Modest Investment with Strong Financial Health

Chicago, IL  — The August 2017 Thomson Reuters/PayNet Small Business Lending Index (SBLI) increased 8% to 134.2 in August 2017 from 123.8 in July 2017. Compared to August 2016, the SBLI increased 1%.


William Phelan, President of PayNet, Inc., noted, “Small business originations growth and delinquency continue to show a mixed bag…

After many months of double-digit contractions, growth in the Health Care sector has stabilized dramatically, and has been slightly positive in recent months with a 0.2% increase.”

The Thomson Reuters/PayNet Small Business Delinquency Index (SBDI) 31-90 days past due decreased to 1.33% in August 2017 from 1.35% in July 2017. Compared to one year ago, delinquency increased by 1 bp.

Transportation showed a 10 bp decrease in delinquency. Increases in delinquency are shown in both Agriculture (2 bps) and Construction (1 bp).

The PayNet Small Business Default Index (SBDFI) at 1.84% is 35% below pre-crisis readings, and has been receding in recent months. Much of the improvement in recent months has come from two formerly high-risk sectors experiencing improvements in default rates. Mining default rates have declined close to 1%-point over the last year, and Transportation default rates have been declining at a 0.6% annualized rate over the last three months.

“Conditions are in place for small businesses to drive GDP growth resulting from exceptional financial health,” Phelan added.

About

PayNet Inc. is the leading provider of credit ratings on small businesses enabling lenders to manage credit risk, grow earning assets and operate credit at lower cost. PayNet maintains the largest proprietary database of small business loans, leases and lines of credit encompassing over 23 million contracts worth over $1.5 Trillion. Using state-of-the-art analytics, PayNet converts raw data into real-time marketing intelligence and predictive information that subscribing lenders use to make informed small business financial decisions and improve their business strategy.

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

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

Equipment Finance Professionals Meet at Funding Symposium
292 Attendees, 86 First Timers

Atlanta, GA – Equipment financial professionals from across the US and Canada met for lively networking, focused educational sessions, and meetings with leading edge exhibitors at the National Equipment Finance Association’s 2017 Funding Symposium from October 4th through October 6th, at the JW Marriott Atlanta Buckhead Hotel.

Chairperson for this year’s Funding Symposium was Bob Fisher, CLFP, of Ascentium Capital.  “NEFA Members are a fun group but they’re also very serious about their businesses and constantly eager to learn more” said Fisher.  “They’re also very willing to share their ideas so putting together the education program gave me a chance to work with a wide cross section of members on a wide range of topics.  I really enjoyed doing it.”

According to NEFA Executive Director & CEO, Gerry Egan, this year’s Symposium set several new records for the close-knit group.  “We registered the largest number of people we’ve registered for a Funding Symposium, we had the most exhibitors we’ve had, we had the largest number of first time attendees and new members and we booked the most room nights we’ve ever booked at our conference hotel” said Egan.  “And on top of that, we had the most number of people stay until the very end!” he added.

NEFA Officers and Directors Elected

The Funding Symposium also serves as the official annual business meeting for NEFA and during the business lunch on Thursday, officers and directors were elected for the coming year.

Elected as President and Board Chairperson was Mike Coon, of AMUR Equipment Finance.  “I am honored and privileged to have the opportunity to serve the National Equipment Finance Association as its President and Board Chairperson.  I look forward to working with the Board of Directors, the Executive Committee, Gerry Egan and the entire membership as we continue our impressive momentum as a first-class industry association” said Coon.

Other officers elected were Marc Keepman, CLFP, of KLC Financial, Inc., as Vice President; Dennis Dressler, of Dressler & Peters, LLC, as Treasurer; and Daryn Lecy, CLFP, of Stearns Bank, as Secretary.  Stephanie Hall, CLFP, of BlackRiver Business Capital, will stay on as Immediate Past President.

Elected as Directors were Joe Leonard, CLFP, of Oakmont Capital Services, LLC; Eric Alley, of LeaseTeam, Inc.; Kristian Dolan, CLFP, of Tamarack; Laura Carini, CLFP, Financial Pacific Leasing, Inc.; James Jackson, of The Alta Group; Guy Selinka, CLFP, of Streamline Financial; Scott Lipka, of Beneficial Equipment Finance Corp; and Adam Peterson, of Channel Partners Capital.

Recognized for their Board service as their terms came to a close were Past President, Gary Souverein, of Pawnee Leasing Corporation; Gabe Jarnot, CLFP, of Northland Capital; Shane Davis, of Dedicated Commercial Recovery Inc; and Nick Ross, CLFP, of Western Equipment Finance.

Outgoing President and Board Chairperson, Stephan Hall spoke to the attendees about how much the personal friendships she’s made, as well as the professional contacts have meant to her and thanked the group for the opportunity to have served in a leadership capacity.

Chris Walker Memorial Member of the Year Award

Named in honor of the late Chris Walker, a popular and passionate volunteer with NEFA, the Member of the Year Award is bestowed by the Executive Committee of the Board of Directors of NEFA to individuals whose service to the Association exemplifies the volunteer driven spirit of Chris and the whole group.

This year, the Executive Committee honored NEFA Member, Kayla Perlinger, CLFP, of Stearns Bank, as the Member of the Year for her enthusiastic support and leadership in helping other members both contribute to and benefit from NEFA’s new Online Learning Center.

“I am honored to receive the Chris Walker Member of the Year award” said Perlinger.  She added, “The sharing of ideas that NEFA offers, and learning from other members, continues to energize my volunteer efforts. I truly enjoy being a part of the creation and adoption of the Online Learning Center. Education is one of NEFA's core values, and the efforts of all members will be instrumental in making the platform effective.”

NEW CLFP’s Introduced

Reid Raykovich, Executive Director of the Certified Lease & Finance Professional Foundation, (CLFP), introduced a number of professionals who had earned their CLFP designation and presented them with their certificates at the business luncheon, too.

NEFA Executive Director to Retire in 2018

Also at the business luncheon, after reporting on the current strong condition of NEFA, Gerry Egan, the Executive Director & CEO, announced that he would be retiring next year.  “I agreed to step in to lead the association coming out of the recession because one of its predecessor associations and so many of the members individually had been so helpful to me in my own business before I retired from that” said Egan, whose wife, Jamie Egan, has also been a critical part of NEFA’s success as the Conference Manager.  “My wife and I are now calling this ‘retirement 2.0” he added.  “I think most people know this was never my career.  It was my goal, though, to get this organized and on track and in excellent financial condition and then turn it over to someone who can take it to even greater heights.  NEFA’s ready for that now” he said, “and Jamie and I are ready to spend more time traveling the country a bit more leisurely in our motorhome again.”

Egan introduced a Transition Planning Committee he’s had working on this for over six months.  In addition to the NEFA Executive Committee, and Board Member, Joe Leonard, the planning team included from among the NEFA Membership Scott Wheeler, CLFP, of Wheeler Business Consulting; and William (Bill) Verhelle, of Harvard Partners LLC.  “I particularly want to thank Scott Wheeler and Bill Verhelle for helping us with this critical project” said NEFA Executive Director & CEO, Gerry Egan.  He added, “Scott Wheeler has such a great understanding of our membership, and, from his experiences running First American and his experiences working with other associations, Bill Verhelle has been a huge help to us.”

NEFA, with the help of a professional consultant group, will be conducting a thorough search for its next Executive Director & CEO over the next few months.

Fund Raiser for the Chris Walker Education Fund

In addition to all the business, about 150 attendees went to a dueling piano bar one evening as part of a fund raiser for NEFA’s Chris Walker Education Fund.  All net proceeds go to the fund, which supports industry education efforts both within NEFA and throughout the industry.

About National Equipment Finance Association
The National Equipment Finance Association (NEFA) is a national association serving small to mid-sized independent equipment finance companies, lessors and brokers.  NEFA is a strong association offering enhanced educational programs and premium networking opportunities with broad geographic and industry segment diversity.  The mission of NEFA is to provide a forum for members to pursue personal and professional growth and promote ethical business practices through advocacy, networking and industry involvement.  For more information, visit: www.NEFAssociation.org or call: 847-380-5050.

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


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Labrador Retriever, Chocolate
Danville, Pennsylvania Adopt-A-Dog


Brownie
ID 36679955
Female
5 Years, 8 days
Chocolate
Spayed
Declawed: no
Housetrained: Unknown

Pennsylvania SPCA
Central PA Center
2801 Bloom Road
Danville, PA 17621
570-309-6851
fishtown@pspca.org
Wednesday- Friday: 2-7pm
Saturday & Sunday: Noon-5pm
Adoption Process
https://pspca.org/adoptions/process/

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

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Wind-Fueled Inferno Ravages Wine Country

Wildfires whipped by powerful winds swept through northern California wine country Monday, killing at least 10 people, destroying 1,500 homes and businesses and sending thousands fleeing as flames raged unchecked through high-end resorts, grocery stores and tree-lined neighborhoods.

The flames were burning 'at explosive rates' because of 50 mph winds, said Ken Pimlott, director of the California Department of Forestry and Fire Protection.

The ferocity of the flames forced authorities to focus primarily on getting people out safely, even if it meant abandoning structures to the fire. The fire area covered more than 100 square miles (160 square kilometers) over eight counties.

Fourteen large fires were burning, spread over a 200-mile region north of San Francisco from Napa in the south to Redding in the north. Governor Jerry Brown declared a state of emergency in Napa, Sonoma and Yuba counties.

The deadly firestorms raging across wine country have burned hotels, small lodges, winery buildings and even some vineyards, officials in the region said.

But the worst damage is likely to be to the residents who toil in the wine and tourism industry, particularly in Santa Rosa, in Sonoma County, where the Fountaingrove fire devastated neighborhoods in the north end of the city.

That fire burned the 250-room Hilton Sonoma Wine Country hotel and the smaller Fountaingrove Inn, and reportedly destroyed several other small inns, restaurants and other businesses, according to fire officials and local media reports.

“I’m pretty sure I lost my house,” said Karissa Kruse, president of the Sonoma County Winegrowers, an industry group. “It sounds like most of the houses in the Fountaingrove neighborhood have been burned down.”

Despite scattered reports of flames engulfing and surrounding wineries in the thick oak woodlands of Sonoma and Napa counties, the vineyards are likely to weather the flames well, Kruse said. Most of the crop has been picked, she said.

“Our grapes are about 90% harvested in Sonoma County,” Kruse said. “I think Napa is probably a little behind us, just given how much cabernet fruit they have, and the ripening time for cabernet.”

It would be “way too soon to know” if smoke damaged the remaining grapes, she added.

“We’re just trying to get our arms around making sure everybody is safe,” she said.

--Santa Rosa fire: How a sudden firestorm devastated a city
http://www.eastbaytimes.com/2017/10/09/santa-rosa-fire-how-a-sudden-firestorm-obliterated-a-city/

-- 10 dead as Wine Country fires burn at least 1,500 structures, force evacuations
http://www.sfgate.com/bayarea/article/2-big-wildfires-prompt-evacuations-in-Napa-County-12262945.php

-- Fire destroys Paradise Ridge Winery, Fountaingrove Inn, Willi’s Wine Bar, other local landmarks
http://www.pressdemocrat.com/news/7507522-181/fire-destroys-paradise-ridge-winery?ref=most&artslide=0


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News Briefs----

Square Planning to Offer Business Loans through
  Square Capital plus Take Deposits and Other Services
http://www.investors.com/research/the-new-america/square-snares-sellers-with-sticky-services-in-financial-tech/

Google Restricts Ads for Merchant Cash Advances
  Includes Google Adwords Status by  Sean Murray, deBanked
http://debanked.com/2017/10/google-restricts-ads-for-merchant-cash-advances/

Pacific Western Bank pays $1.75M over treasurer
    likened to Bernie Madoff
http://abcnews.go.com/US/wireStory/bank-pays-175m-treasurer-likened-bernie-madoff-50337044

Top Puerto Rico bank says four months too long
     to wait for power
https://www.reuters.com/article/us-usa-puertorico-economy/top-puerto-rico-bank-says-four-months-too-long-to-wait-for-power-idUSKBN1CB2X1 

China Hastens the World Toward an Electric-Car Future
China buys more General Motors-branded cars than Americans do
https://www.nytimes.com/2017/10/09/business/china-hastens-the-world-toward-an-electric-car-future.html

 


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

You May Have Missed---

GE CFO Jeff Bornstein leaves post at short notice
  exechange.com
https://exechange.com/ge-cfo-jeff-bornstein-leaves-post-at-short-notice-2/9466


[headlines]
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Baseball Poem

Yankees
             by Anne Marie Macari

For beauty, the men came toward us across the field,
and when they stood trance-still, or when they backed
hard against the wall, it seemed part of some
greater design, or when one swung, twisting
his torso and bending his knees at the same time
as the ball flew and the crowd erupted,
I was in thrall to all of them, because they held back
Then hit for their lives, because one gently lifted
his arm to meet the ball as if his own child
were falling toward him through thin air.
I even laughed at the men throwing beer
which drizzled onto my hair, and the one
yelling obscenities at the other team.
The blinding lights helped me see
their perfection, and I became a devotee-
not just for the sake of my sons, my arms around them-
though it was strange to be a women then,
to love them that much, the arena
filled me with men who were ready and had chosen
their weapons, so when the ball disappeared
for the last time all of us screamed
and rose from our seats so grateful
for our own violence which got us
this far without torture or mutilation,
and to one team brought to their knees,
and to the heroes, small in distance,
holding each other, rejoicing.


[headlines]
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Sports Briefs----

Cowboy’s owner Jerry Jones: Any player who is 'disrespectful
 to the flag' won't be allowed to play
https://sportsday.dallasnews.com/dallas-cowboys/cowboys/2017/10/08/cowboys-owner-jerry-jones-player-disrespects-flag-allowed-play

Frank Gore trashes Trent Baalke,
   to the delight of 49ers fans
http://www.mercurynews.com/2017/10/08/frank-gore-trashes-trent-baalke-to-the-delight-of-49ers-fans/

Andrew Luck Will Remain Out for Week 6 vs. Titans,
   Per Colts HC Chuck Pagano
http://bleacherreport.com/articles/2737780-andrew-luck-will-remain-out-for-week-6-vs-titans-per-colts-hc-chuck-pagano

Giants lose a superstar then a game in rock-bottom meltdown
http://nypost.com/2017/10/08/giants-lose-a-superstar-then-a-game-in-rock-bottom-meltdown/

Are Cowboys caving in?
https://www.usatoday.com/story/sports/nfl/cowboys/2017/10/09/nfl-week-5-overreactions-dallas-cowboys/747276001/

Report: Ronnie Lott saved from burning hotel amid North Bay fires
http://www.eastbaytimes.com/2017/10/09/report-ronnie-lott-saved-from-burning-hotel-amid-north-bay-fires/

Hall of Fame quarterback Y.A. Tittle dies at 90
http://www.pressdemocrat.com/sports/7508432-181/hall-of-fame-quarterback-ya?artslide=0

The real mockery of national anthem was by Vice President Mike Pence
https://www.usatoday.com/st/nancy-armour/2017/10/08/real-mockery-national-anthem-vice-president-pence/744537001/
 
Jeff Garcia has some advice for 49ers quarterback Brian Hoyer
http://www.eastbaytimes.com/2017/10/06/jeff-garcia-has-some-advice-for-49ers-quarterback-brian-hoyer/


[headlines]
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California Nuts Briefs---

Sacramento’s police force is one of the nation’s
     most short-staffed. Here’s why
http://www.sacbee.com/news/local/crime/article177482341.html

More Bay Area residents are choosing to rent than
  ever before, and they’re paying through the nose
http://www.siliconvalley.com/2017/10/05/lifestyle-switch-more-bay-area-residents-are-choosing-to-rent-than-ever-before-and-theyre-paying-through-the-nose

Labor got higher wages in California’s housing deal.
  Will affordable homes still be built?
http://www.sacbee.com/news/politics-government/capitol-alert/article177536321.html 

California to Require Full Disclosure of Who Pays for Political Ads
https://www.courthousenews.com/california-ramps-disclosure-rules-political-ads/


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




“Gimme that Wine”

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

How Apple's new technology will overturn wine marketing
https://www.meininger.de/en/wine-business-international/how-apples-new-technology-will-overturn-wine-marketing

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

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

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

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

 

This Day in History

     1770 – Benjamin Wright (d. 1842) was born in Wethersfield, CT.  Chief engineer of the Erie Canal and the Chesapeake and Ohio Canal.  In 1969, the American Society of Civil Engineers declared him the "Father of American Civil Engineering."
    1798 - Secretary Benjamin Stoddert, first Secretary of the Navy, sent the first instructions to cutters acting in cooperation with the Navy in support of the Quasi-War with France, via the various collectors of customs.
    1802 – The first non-Indian settlement is established in Oklahoma.
    1804 - A famous snow hurricane occurred. The unusual coastal storm caused northerly gales from Maine to New Jersey. Heavy snow fell across New England, with three feet reported at the crest of the Green Mountains. A foot of snow was reported in the Berkshires of southern New England, at Goshen
    1845 - The Naval Academy was established as The Naval School at Windmill Point, Fort Severn, Annapolis, MD, on a nine-acre site. It officially opened with 56 students. On July 1, 1850, the name was changed to the United States Naval Academy. The following year, the academy instituted a standard four-year program. From May 9, 1861 to September 9, 1865, while Maryland was part of the Confederacy, the academy was transferred to Newport, RI .
(Lower half of: http://memory.loc.gov/ammem/today/oct10.html)
    1846 – Triton, the largest moon of Neptune is discovered by English astronomer William Lassell.
    1850 - The Chesapeake & Ohio Canal was completed and opened for business along its entire 184.5 mile length from Washington, DC to Cumberland, Maryland. Sections of the canal opened for navigation as they were completed: from
Georgetown in Washington, DC to
Seneca, Maryland in 1831; then to
Harpers Ferry, WV in 1833; to
Hancock, MD in 1839; and finally to
Cumberland, MD in 1850.  
Commerce traveled primarily on the water, not roads which were subject to weather and “poor” even in the best of times as they were nothing more than unpaved, old footpaths that had been repeatedly driven over by horses and by wagon train.
http://memory.loc.gov/ammem/today/oct10.html 
    1855 - A mob in Columbia hanged John S. Barclay. The sheriff there tried to save the unfortunate man from the noose, but was repulsed.
    1865 - The billiard ball was patented by John Wesley Hyatt.
    1874 - Beatrice Moses Hinkle (d. 1953) birthday, San Francisco.  As San Francisco's city physician, she was the first U.S. woman to hold a public health post. She was one of the two physicians who established the nation's first psychotherapeutic clinic. She was among the earliest Jungian analysts in America, having rejected Freud with whom she'd personally studied. She contributed to the conceptual framework of the theory. Her “Recreating of the Individual” (1923) took a strong stand regarding women’s individuality. It was noted particularly for its chapters on women and artists.
http://www.webster.edu/~woolflm/hinkle.html 
    1881 - U.S. fashion designer Ethel Traphagen’s birthday, born Ethel Leigh (d. 1963) in NYC.  Influential founder of Traphagen School of Fashion design.
http://askart.com/Biography.asp 
http://costume.osu.edu/The_Collection/traphagencollection.htm
http://tirocchi.stg.brown.edu/essays/shaw_12.html 
    1886 - Gris­wold Lorillard of Tuxedo Park, NY, fashioned the first tuxedo for men. Pierre Lorillard IV, heir to a tobacco fortune and the biggest landowner in town, asked his tailor to create four new formal black jackets modeled after the tailless red wool coats worn by English for hunters. Lorillard declined to wear the result, but his son Griswold Lorillard and three of his friends did along with waistcoats of scarlet satin, and the look caught on. Some say this is more fiction than fact, but history records the Tuxedo Club and Lorillard responding on wearing it that it was a Tuxedo.
http://www.invisibleheroes.com/hero.asp?issue=124 
    1887 - Thomas Edison organized the Edison Phonograph Company.
    1900 – America’s First Lady of the Theater, Helen Hayes birthday, born Helen Hayes Brown (d. 1993), Washington, DC.  The winner of every award possible for an actor on the stage, in the movies, and TV. She began her acting career at age 5 and continued it for more than 85 years winning Academy Awards, Tonys, and Emmys. She received The Medal of Freedom (1986), the Kennedy Center Honors (1981), and even had a Broadway Theater was named after her. An award in her name established for achievement in professional theater.  Hayes's adopted son, James MacArthur (1937–2010), went on to a career in acting, starring in “Hawaii Five-O” as Danny Williams on television.
http://www.cmgww.com/stars/hayes/about/biography.html 
http://www.cmgww.com/stars/hayes/ 
http://www.helenhayes.org/about/about_helen.html 
http://www.stevemoore.addr.com/hayes.html 
    1901 – Birthday of Frederic Douglass Patterson (d. 1988) in Washington, DC.  Orphaned at the age of two, by the age of 31, Patterson had attained three educational degrees: a Doctorate of Veterinary Medicine and Master of Science from Iowa State, and a Doctorate of Philosophy from Cornell University.  He would later become President, at age 33, of what is now Tuskegee University (1935–1953) and Founder of the United Negro College Fund (1944). In 1987, President Ronald Reagan awarded Dr. Patterson the Presidential Medal of Freedom, the nation’s highest civilian honor.  
    1902 - Kalamazoo, MI, mandolin maker Orville Gibson founds the Gibson Mandolin-Guitar Mfg. Co, Ltd. In 1936, it would create the first commercially successful electric guitar.
    1902 – The bicycle frame is patented by I.R. Johnson.
    1904 – The New York Yankees, two games out of first, played the first-place Red Sox on a final day doubleheader.  The Yanks’ 41-game winner, Jack Chesbro, loses the first game and the chance at the pennant.  Chesbro’s win total remains the modern era single season record in the Majors.
    1904 – The Liberty Theater opens at 234 W 42nd St. New York City.
    1905 - Birthday of Willie “The Devil” Wells (d. 1989), Baseball Hall of Fame shortstop, Austin, TX. Wells is generally considered the greatest shortstop to play in the Negro Leagues. As manager of the Newark Eagles, he developed several players who became Major Leaguers and taught Jackie Robinson how to turn the double play. Inducted into the Hall of Fame in 1997. 
    1910 – Tau Epsilon Phi Fraternity is founded at Columbia University in NYC.
    1913 – President Woodrow Wilson triggered the explosion of the Gamboa Dike that ended the construction of the Panama Canal.
    1914 – Ivory Joe Hunter’s (d. 1974) birthday in Kirbyville, TX.  After moving to LA, Hunter founded Pacific Records.  After signing with MGM Records, he recorded "I Almost Lost My Mind," which topped the 1950 R&B charts and would later (in the wake of Hunter's success with "Since I Met You Baby") be recorded by Pat Boone whose version became a number one pop hit. By 1954, he had recorded more than 100 songs and moved to Atlantic Records. His first song to cross over to the pop charts was "Since I Met You Baby" (1956). It was to be his only Top 40 pop song, climbing to # 12.  But since his death and the rise of Oldies nostalgia for 50s music, both songs are among the most-requested. 
    1915 - Famous Count Basie trumpeter and soloist Harry “Sweets” Edison (d. 1999) was born, Columbus, Ohio
    1917 - Pianist/composer Thelonious Monk (d. 1982) birthday, Rocky Mount, NC.   “Little Rootie Tootie,” “’Round Midnight” are among his most famous compositions
http://www.monkinstitute.com/ 
    1920 - Indians' Bill Wambsganss becomes the only player in World Series history to complete an unassisted triple play as he makes a leaping catch, steps on second base and then tags the runner from first base.  Also in this Series, the Indians’ Bill Smith hit the first grand slam HR in Series history.
    1921 - Birthday of bass player William Howard “Monk” Montgomery (d. 1982), Indianapolis, IN.
    1923 - In the first World Series game ever played at Yankee Stadium, veteran Giant outfielder and future Yankees’ manager Casey Stengel breaks a 4-4 deadlock in the top of the ninth inning with an inside-the-park HR off Joe Bush. This is the first World Series HR in Yankee Stadium history.  It is the first World Series game to be broadcast nationally.
    1924 – Birthday of writer James Clavell, born Charles Edmund Dumaresq Clavell (d. 1994), Sydney, Australia. Prolific novelist, screenwriter, director, and World War II veteran and prisoner of war. Clavell wrote the novel “King Rat” (1962) and “Shogun” (1975), scripted the science-fiction horror movie “The Fly” (1958) and wrote a war movie, “Five Gates To Hell” (1959).  Clavell was nominated for a Writers Guild Award for “The Great Escape” (1963).   He also screenwrote, directed, and produced the box office success, “To Sir, With Love” (1967).
    1924 – The Washington Senators won their only World Series, defeating the New York Giants, 4-3, in 12 innings. With the Senators behind 3–1 in the eighth, Bucky Harris hit a routine ground ball to third which hit a pebble and took a bad hop over Giants third baseman Freddie Lindstrom. Two runners scored on the play, tying the score at three. Walter Johnson then came in to pitch the ninth and held the Giants scoreless into extra innings. The winning run scored when a ball hit by Earl McNeely hit a pebble and bounced over Lindstrom’s head…again.
    1926 – In one of baseball’s storied World Series games, a day after picking up his second complete-game victory of the Series, 39-year-old Grover Cleveland Alexander saved Game 7 and the World Series for the St. Louis Cardinals, fanning Tony Lazzeri with the bases loaded in the 7th inning, then proceeding to no-hit New York the rest of the way. Out much of the night celebrating his victory in Game 6 and suffering from seizures, Alexander had no expectation of pitching without rest.  He was summoned when the starter, Jess Haines, developed a blister and left the game.  During the Lazzeri at-bat, on the pitch before the strikeout, “Poosh ‘em Up” hit a screaming liner that just went foul.  The Series concluded with Babe Ruth, inexplicably being thrown out trying to steal.  
    1928 - The temperature at Minneapolis, MN, reached 90 degrees, their latest such reading of record. 
    1928 - Birthday of piano player Junior Mance, Chicago, IL
    1933 - Procter and Gamble, Cincinnati, OH developed the first synthetic laundry detergent, whose formula included a surfactant to emulsify dirt, and called it Dreft. The first effective powdered detergent made for use in washing machines, and the first to contain a phosphate compound as a water softener, was Tide, developed by Procter and Gamble in 1946.
    1933 - A United Airlines Boeing 247 is destroyed by sabotage, the first such proven case in the history of commercial aviation.
    1935 - Premiere of jazz opera “Porgy and Bess,” by George Gershwin. One of Gershwin's greatest works, the opera blended African American folk music, jazz, Tin Pan Alley, and classical styles. The show included the classic song "Summertime," among other classics, brought modern by Gil Evans and Miles Davis.
    1939 - The real Eleanor Rigby died in her sleep of unknown causes at the age of 44. The 1966 Beatles' song that featured her name wasn't really written about her, as Paul McCartney's first draft of the song named the character Miss Daisy Hawkins. Eleanor Rigby's tombstone was noticed in the 1980s in the graveyard of St. Peter's Parish Church in Woolton, Liverpool, a few feet from where McCartney and Lennon had met for the first time in 1957. 
    1941 - The destroyer USS Kearney is attacked by a German submarine. In the attack, ten sailors are killed and scores injured. America suffers its first war casualties in World War II. Pearl Harbor is still seven weeks away. 
    1941 – Actor Peter Coyote, the narrative voice in many of Ken Burns’ television productions and 60s counter-culturist, was born Rachmil Pinchus Ben Mosha Cohon in NYC.  You’ll love this:  While at Grinnell College, Peter ingested peyote and had an hallucination in which he saw his footprints as coyote paw-prints. A few years later, he came across “Coyote's Journal,” a poetry magazine and recognized its logo as the same paw-prints he has seen during his drug-induced experience. It was this that caused him to change his name to Coyote, after meeting Rolling Thunder John Pope, a self-styled shaman, who felt that the experience was spiritually significant.
       1944 - BONG, RICHARD I., (Air Mission).
Rank and organization: Major, U.S. Army Air Corps. Place and date: Over Borneo and Leyte, 10 October to 15 November 1944. Entered service at: Poplar, Wis. Birth: Poplar, Wis. G.O. No.: 90, 8 December 1944. Citation: For conspicuous gallantry and intrepidity in action above and beyond the call of duty in the Southwest Pacific area from 10 October to 15 November 1944. Though assigned to duty as gunnery instructor and neither required nor expected to perform combat duty, Maj. Bong voluntarily and at his own urgent request engaged in repeated combat missions, including unusually hazardous sorties over Balikpapan, Borneo, and in the Leyte area of the Philippines. His aggressiveness and daring resulted in his shooting down 8 enemy airplanes during this period.
    1944 - Nearly two hundred of Admiral Halsey's planes struck Naha, Okinawa's capital and principal city, in five separate waves. The city was almost totally devastated. The American war against Japan was coming inexorably closer to the Japanese homeland. 
    1948 - The largest crowd to this date to attend a Major League game, 86,288 fans, jams Cleveland's Municipal Stadium to witness Boston Braves hurler Warren Spahn beat Bob Feller and the Indians, 11-5 in Game 5 of the Fall Classic.  This was the only World Series between 1947 and 1958 that did not include a New York team.  Also, in this game, Indians’ pitcher Satchel Paige became the first African-American to play in a World Series, relieving in the 7th and getting the two batters he faced.
    1950 - Top Hits
“Goodnight Irene” - The Weavers
“La Vie En Rose” - Tony Martin
“Bonaparte's Retreat” - Kay Starr
“I'm Moving On” - Hank Snow
    1953 - Stan Freberg's "St. George and the Dragonet" hits #1
    1953 – The US and The Republic of Korea agree to a Mutual Defense Treaty in Washington, DC.
    1954 – Ho Chi Minh enters Hanoi after the French troops leave.
    1956 - Elvis Presley's "Love Me Tender" entered the Billboard chart for a 19 week stay. It was #1 for 5 of those weeks. The song, from Presley's first film of the same name, was adapted from the tune "Aura Lee," written in 1861. 
    1957 - “Zorro” premiered on TV. Originally, he appeared in a McCulley novel and several films. Don Diego de la Vega (Guy Williams), a Spanish nobleman, is summoned to California by his father, Don Alejandro (George J. Lewis), to fight for the people. Diego's alter ego is Zorro, a dashing and assertive defender of the people. My father, Lawrence Menkin, wrote several of these episodes. He was well known as a TV Western writer, serving as story editor for “Wagon Train,” writing for “Bonanza,” “Death Valley Days,” “Cisco Kid,” among many others. Although the last telecast of “Zorro” was Sept 24, 1959, the series reappeared in later years, first as a remake and then as a sequel, and once again was made as a movie, titled “The Mask of Zorro,” in 1998.
    1957 – President Eisenhower apologized to Komla Agbeli Gbdemah, the finance minister of Ghana, after the official had been refused service in a Dover, DE, restaurant.
    1957 -  Starting Game 7 on just two days’ rest, Lew Burdette pitches the Milwaukee Braves to a World Championship as he blanks the Bronx Bombers at Yankee Stadium, 5-0. The 30-year old right-hander, named the Series MVP, tosses 24 consecutive scoreless innings and posts a 0.64 ERA in his three Fall classic victories.  Turnabout… Burdette was signed by the Yanks in 1947 and, after making two relief appearances for the team in September, 1950, he was traded to the Braves in 1951 for four-time 20-game winner Johnny Sain.
    1958 - Top Hits 
“It's All in the Game” - Tommy Edwards 
“Rock-in Robin” - Bobby Day 
“Tea for Two Cha-Cha” - The Tommy Dorsey Orchestra 
“Bird Dog” - The Everly Brothers
    1959 - Paul McCartney helps to force the last non-Beatle member of the Quarrymen, Ken Brown, from the skiffle group after Brown gets paid for an engagement at Liverpool's Casbah Club for which he was too sick to perform. This leaves the Quarrymen as John, Paul, and George; by May of the following year, the group, now featuring Stu Sutcliffe and Pete Best, would be known as the "Beatals."
    1959 - Stan Kenton, June Christy, Four Freshman record “Road Show” album at Purdue University. 
    1959 - Pan American World Airways announced the beginning of the first global airline service.    
    1960 - A silly novelty song called "Mr. Custer" by Larry Verne was the number one single in America. The record told a story about a US cavalry trooper who tries to talk his way out of fighting the Sioux Indians at Little Big Horn in 1876. 
    1962 – “The Bob Newhart Show” premiered on TV. This half-hour variety series was hosted by Bob Newhart, a successful stand-up comedian famous for his trademark “telephone conversation” monologues. Regu­lars included Jackie Joseph, Kay Westfall, Jack Grinnage, Mickey Manners, Pearl Shear, June Ericson, Andy Albin and announcer Dan Sorkin. The show was critically acclaimed, winning both an Emmy and a Peabody in its short time on the air. Newhart later starred in situation comedies. In “The Bob Newhart Show,” which aired 1972—78, he played a psychologist.
    1962 -  In Game 5 of the World Series, Tom Tresh belts an eighth-inning homer off Jack Sanford to give the Bronx Bombers a 5-3 comeback win over the Giants at Yankee Stadium. The rookie shortstop's dad, Mike Tresh, who hit only two home runs in his dozen big league seasons, prior to the at bat left his seat behind home plate and moved to the standing-room section in Candlestick Park hoping to bring his son good luck.
    1963 – Birthday of journalist Daniel Pearl (d. 2002) at Princeton, NJ.  Pearl had dual US and Israeli citizenship. While working for “The Wall Street Journal,” he was kidnapped by Pakistani militants and later murdered in 2002 by Al-Qaeda member Khalid Sheikh Mohammed in Pakistan.
    1964 - At Yankee Stadium, Mickey Mantle, facing Barney Schultz, slams the first pitch of the bottom of the ninth inning into the right field bleachers, giving New York a dramatic 2-1 walk-off victory and two games to one advantage over St. Louis in the Fall Classic. The Mick's game-winning round-tripper, his 16th Fall Classic round-tripper, breaking the previous mark set by Babe Ruth, makes him the fifth Major Leaguer to end a World Series game with a home run.
    1965 - Ronald Reagan spoke at Coalinga Junior College and called for an official declaration of war in Vietnam.
    1965 - The Supremes make the first of many appearances on “The Ed Sullivan Show.” 
    1965 – The Red Baron debuted in ”Peanuts.”
    1966 - Top Hits 
“Cherish” - The Association 
“Reach Out I'll Be There” - Four Tops 
“96 Tears - ?(Question Mark)” & The Mysterians 
“Almost Persuaded” - David Houston 
    1966 – The Beach Boys released “Good Vibrations.”
    1967 - The Outer Space Treaty, signed on January 27 by more than sixty nations, takes effect.
    1968 - Cardinal fireballer Bob Gibson sets the mark for total strikeouts (35) in a World Series, but loses the seventh and deciding game to Tigers, 4-1.
    1969 – Much-traveled, oft-retired former Green Bay Packers’ QB Brett Favre’s birthday in Gulfport, MS.  Favre is the only player to win the NFL MVP Award three consecutive times (1995–97), and is one of only six quarterbacks to have won the award as well as the Super Bowl in the same season. He has led teams to eight division championships, five NFC Championships, and two Super Bowls, winning one (Super Bowl XXXI).  Favre holds many NFL records, including.  At the time of his retirement, he was the NFL's all-time leader in passing yards and touchdown passes, although both records have since been broken by Peyton Manning.  Favre was inducted into the Pro Football Hall of Fame in 2016.
    1970 - Neil Diamond reached the #1 spot on the pop music charts for the first time with "Cracklin' Rosie." In 1972, Diamond would reach a similar pinnacle with "Song Sung Blue."
    1971 - “Up-Stairs, Downstairs” premiered on TV. The 52 episodes of this “Mas­terpiece Theatre” series covered the years 1903 to 1930 in the life of a wealthy London family (“Upstairs') and their many ser­vants (“Downstairs”). Produced by London Weekend Television, cast members included Angela Baddeley, Pauline Collins, Gordon Jackson and Jean Marsh. Won a Golden Globe for Best Drama TV Show in 1975 and an Emmy for Outstanding Limited Series in 1976.  The last episode aired May 1, 1977, though the series has been rerun several times on PBS. 
    1971 – Sold, dismantled, and shipped, London Bridge re-opens at lake Havasu City, AZ.
    1973 –  Spiro Theodore Agnew became the second person to resign the office of Vice President of the United States. Agnew entered pleas of no contest to charges of income tax evasion for contract kickbacks received while he was Governor of Maryland and after he became Vice President. He was sentenced to pay a $10,000 fine and serve three years’ probation Agnew was elected vice president twice, serving under President Richard M. Nixon.
    1973 - Top Hits 
“I Honestly Love You” - Olivia Newton-John 
“Nothing from Nothing” - Billy Preston 
“Then Came You” - Dionne Warwicke & Spinners 
“I Love My Friend” - Charlie Rich.
    1973 – “Dancing With The Stars” champ and TV host Mario Lopez was born in San Diego.
    1974 - Birthday of Dale Earnhardt, Jr., race car driver, born Concord, NC.
    1979 - Fleetwood Mac receives a star on the Hollywood Walk of Fame.
    1979 - A motion picture called “The Rose,” starring Bette Midler as a rock singer, (transparently based on Janis Joplin) premieres in Los Angeles. 
    1979 – “Broadway Joe” Namath played his final NFL game, with the LA Rams.  Namath, a Hall of Fame QB largely on the strength of his career as NY Jets’ QB, engineered and predicted one of sports’ biggest upsets in 1969 in Super Bowl III.  The NFL Baltimore Colts were 18 ½ point favorites.  In the week leading to the game, Namath in front of an audience, stated clearly, “…let me tell you something.  We’re gonna beat ‘em, I guaranty it!”  Then he went out and did it, 16-7, in a game that was not nearly as close as the score would indicate, and one in which this famous passer did not throw a pass in the fourth quarter.  Many believe it was this game that provided the impetus for the AFL and NFL to merge.
    1979 – The Republic of Panama assumes control over the Panama Canal from the US.
    1979 – Hall of Famer Wayne Gretsky made his NHL debut with the Edmonton Oilers.
    1982 - Top Hits 
“Jack & Diane” - John Cougar 
“Eye in the Sky” - The Alan Parsons Project 
“I Keep Forgettin' (Every Time You're Near)” - Michael McDonald 
“Yesterday's Wine” - Merle Haggard/George Jones
    1984 – Birthday of Colorado Rockies’ SS Troy Tulowitski, Santa Clara, CA.
    1985 – US Navy jets intercept an Egyptian plane carrying the hijackers of the “Achille Lauro” cruise ship, and force it to land at a NATO base in Sicily where they are arrested.
    1986 – Birthday of 2013 NL MVP, the Pittsburgh Pirates’ Andrew McCutcheon, Ft. Meade, FL.
    1987 – “The Boss,” Bruce Springsteen, released his ninth album, “Tunnel of Love.”
    1987 – The SF Giants’ LF, Jeffrey Leonard, hits a HR in his fourth consecutive playoff game, a record.
    1989 - Thunderstorms produced torrential rains along the northeast coast of Florida. Augustine was deluged with 16.08 inches of rain. The heavy rain caused extensive flooding of homes and businesses, and left some roads under three feet of water. Ten cities from South Carolina to New England reported record low temperatures for the date, including Concord, NH with a reading of 23 degrees. Temperatures dipped into the 30s in the Carolinas. 
    1990 - Top Hits 
“Close to You” - Maxi Priest 
“Praying for Time” - George Michael 
“Something Happened on the Way to Heaven” - Phil Collins 
“Friends in Low Places” - Garth Brooks 
    1994 – The New York Football Giants retire LT’s #56 to honor Lawrence Taylor’s brilliant career as a linebacker.
    1996 – The cornerstone was laid for the US Holocaust Museum in Washington, DC.
    1999 - A charity auction selling Elvis Presley's belongings was held at The Grand Hotel in Las Vegas. His wristwatch sold for $32,500, a cigar box $25,000, an autographed baseball sold for $19,000 and his 1956 Lincoln Continental went for $250,000. 
    1999 - Scoring more than 19 NFL teams, the Red Sox establish a Major League record for most runs and biggest margin of victory in a post-season game as they rout the Indians, 23-7 to tie the 5-game AL Division Series at two games apiece.
    2003 – Conservative radio personality Rush Limbaugh announced that he was addicted to painkillers and that he was going to check into a rehab center.
    2006 - Google buys YouTube for $1.6B!
    2015 - The Mets were cruising along with a 2-1 lead in the 7th inning of Game 2 of the NLDS when the Dodgers’ Chase Utley barreled into SS Ruben Tejada to break up a potential inning-ending double play. He not only succeeded, but also broke Tejada's leg in the process while the Mets vainly argued for an interference call. Major League Baseball ultimately suspended Utley for his unnecessarily violent slide, but in the meantime, Los Angeles took advantage of the controversial play to score four runs in the inning and ended up a 5-2 winner, evening the series.  The aftermath of this play broke with long-standing baseball traditions that allowed practically anything in pursuit of breaking up a double play.  MLB changed the rule, restricting the runner to the baseline and not allowing sliding beyond the bag to do so.  It also changed the long-standing “in the neighborhood” unwritten rule that allowed the out at second if the fielder was close to the bag during the relay to first.

World Series Champions:
    1924 - Washington Senators 
    1926 - St. Louis Cardinals 
    1931 - St. Louis Cardinals 
    1937 - New York Yankees 
    1945 - Detroit Tigers 
    1951 - New York Yankees 
    1956 - New York Yankees 
    1957 - Milwaukee Braves 
    1968 - Detroit Tigers

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Top Stories

(chronological order)

- State Licensing and Usury Laws:
   An Updated Overview of a Few Troublesome States
- Shopko-Balboa Capital Summary Judgement Denied
- Who Writes Small Ticket Leases in Today’s Marketplace?
- Changes at Bank of the West Clarification
- Accounting for Leases Under the New Standard, Part 1
- DocuSign is now the electronic signature of choice
   for the federal government
- Class Action/Ascentium Settlement Discussions
- Tax Liens, Foreclosure & Embezzlement
   "How We Saved a Tow Truck Company"
- The Long Drought in Small Business Lending
Not Brought Forward in Marlin Press Release
- LEAF "All-Cash Acquisition"
- Violating California Lender’s License Law?
   This May Prevent You from Being Licensed in the Future
- New Jersey Appeals Court Vacates $1.5 Million
  Attorneys’ Fees Award in Equipment Leasing Dispute
- National Do Not Call Registry
- California Senate Bill 297 is Dead
- Top Nine Leasing Company Websites
- Solar Financing Firms
   Working with Third Party Originators
- Referral, Recommendations, Questions, Complaints
- Filing a Complaint Against a Finance or Leasing Company
   in the State of California
- Credit Bureaus Erasing Negative Info
- ELFA Credit & Collections Management Conference
- Commercial Loan Broker Conference & Expo
  600 Brokers Expected to Attend
- "They're Back!"
   Yells John Kenny, Lease Police
- Ed Kaye Sells Access Commercial Capital
- Is There a Further Divide in Leasing and Financing
- Is This a Forecast of Things to Come?
- DocuSign Breached, Malware To Blame
- ELFA Legal Forum Recap--Tips and News
- “On Deck Goes from Hot Tech Startup
   to Dull Lender,” reports Wall Street Journal
- Lending Club May Have Hit a Dead End
- NAELB Annual Conference – Memphis, Tennessee  
- Vermont Strengthens Lending Laws
- Community Banks, Credit Unions, Shine –
    Not Online Lenders in Small Biz Loan Customer Satisfaction
- Hawkins Bankruptcy Complete
- CLFP Foundation Grows to 410 Active Professionals/Associates
- Time Payment Committed to 70% Headquarters Increase
- ELFA 29th Annual National Funding Conference
- Updates on Equipment Finance Agreements
- Report on the ELFA
   29th Annual National Funding Conference
- Updates on Equipment Finance Agreements
- 2017 Auto Leasing Conference report
   “On the Road Ahead”
- Univest piles it on Ascentium
- Shopko vs. Balboa Quarterly Interim Case Continues
   One Side Never Caught the Mistake or Was it?
- Financial Pacific Passes $1 Billion Milestone
- AP Hires Senior Vice President of Vendor Finance
    Nick Gibbens, CLFP, from Bank of the West
- LendIt 2017 Conference Report – 5,800 in Attendance
- Major Change in Consumer Credit Reporting
- Oracle Loans, Fort Lee, New Jersey
- Equipment Purchases: Cash or Financing?
- What can you learn from GreatAmerica Financial Services?
- Balboa Capital Forced to Disclose List
   of Disgruntled Customers
- Broker/Lessor Receives Early Payoff from Lessee
   But Doesn't Pay Funder for Three Months
- Five Biggest Small Business Loan Mistakes
- DealSafe---Control of Contractual Rights
- Balboa Capital Tagged for Quarterly Payment Scam
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on LinkedIn.com
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- "The real U.S. Bank Equipment Finance story"
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- California License Web Addresses
- Settlement Costs vs. Litigation Costs