Leasing News

Alert---Medical Sale/Leasebacks

"Failure Rate over 60%"

From Bernie Boettigheimer, CLP at Lease Police, edited:

"On October 8, 2008 a notice was sent out to all Lease Police Subscribers labeled 'RASH OF SALE/LEASE BACKS IN OKLAHOMA CITY AREA '.We named 5 vendors where there were significant number of disguised Sale/Leasebacks. Two originators who supplied the leads were also named. One funder, who reported having over $3 Million of these suspected transactions, now reports having a failure rate up over 60%. At that time I confronted one of the originators of that group and while his activity has diminished considerably but just recently he has now enlisted three other 'so-called' vendors (two in Houston and the other in Memphis).

Here is how it works:

"The originator of these deals advertises in medical publications that he can obtain working capital for medical practitioners. When the doctor, dentist or chiropractor answers the ad a credit application is sent over to him. That completed credit application is then sent by the originator to a 'so-called vendor'.

"According to a dentist I interviewed an inventory is collected of his equipment and an appraisal is made by the 'so-called vendor.' He is told that he will be able to obtain 70 % of the appraised value back as working capital. His credit application is then rewritten by the "so-called" vendor to purify the information and his signature either forged or 'pasted' on the application.

"At this point the 'so-called' vendor/ sends the application on to a funder with the inference that this is a legitimate new equipment sale.

In his case a vigilant credit man at a funder's office noticed a peculiarity with the signature and called the dentist. The entire deal unraveled .The Memphis vendor ,who up to that time was on Lease Police's Watch List , was now uncovered. In some cases, he asks for a referral fee, but really doesn't need it as it appears the 30% difference in what the dentist gets is his 'commission.'

"Just yesterday my call to this originator proved to be more interesting and revealing than my first conversation one year ago. He, of course, expressed innocence but it was rather hollow and self-serving on his part. Interestingly he also implicated the two Houston vendors who were also on our Lease Police Watch List.

"There are guidelines to help you spot this quickly but I'll leave this for a later memo. In the meantime be on the lookout. THEY'RE BACK !"

(Originally sent to subscribers of Lease Police by:)

Bernie Boettigheimer, CLP
President
Lease Police, Inc.
972-361-8111
972-692-8091-fax
214-549-3426-cell
bernieb@leasepolice.com

No Official Word on Macquarie Group buying Relational

A recent press release stated Relational Technology Solutions, Rolling Meadows, Illinois "now manages nearly $1 billion in assets in Fortune 1000 and mid-market companies across all industries." The company is advertising in a leasing news media for "a Senior Credit Manager at our corporate office in Rolling Meadows, IL. " The company was noted as "founded in 1990 with 360 employees, revenues of $325,000,000."

From readers (the responses are from people known to Leasing News or their reputation, and if named, there would be a lot more creditability in what they state):

"Facts are somewhat correct. Relational has entered into a portfolio management arrangement whereby Macquarie will run out the Relational leasing portfolio on behalf of Relational. Macquarie will obtain the benefit of follow-on transactions with customers. Most of the employees will likely be let go although Macquarie has stated they wanted to keep some. Macquarie will be purchasing the Technology Solutions side of the business (VAR, engineering, etc) mainly located in Florida and Ohio."
(name with held)

"Along the same lines, our contact at Leaf told us that they were closing down several divisions and 140 employees in NJ had been notified of their termination. They are no longer accepting new business but will honor outstanding approvals until their expiration."

"I've heard from a handful of their employees looking for their next gig."
(name with held)

"Some if not all were sent a letter in the mail that their last day with the company would be October 1 or 15 - sales guys are supposed to be interviewing with Macquarie to see if they are needed most admin will be let go as I understand it.."
(name with held)

"This is a done deal."
(name with held)

The U.S. Macquarie Group web site states "Today we have more than 1300 professionals in offices in 19 US locations. This team is complemented by the resources of Macquarie's international network of over 12,700 people in 26 countries."
http://www.macquarie.com/us/

Sydney-based Macquarie Group Ltd. did announce it has an agreement in effect to acquire Fox-Pitt Kelton Cochran Caronia Waller LLC for $130 million in cash, plus $16.78 million of long-term liabilities on FPK's balance sheet. Fox-Pitt has operations in London, Hong Kong, Tokyo and the United States. It is expected to close by the end of the fourth quarter and is subject to regulatory approvals and other customary closing conditions.

"Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services...Macquarie Group Limited is listed in Australia (ASX:MQG) and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited."
http://www.macquarie.com/

International Contact Directory:
http://www.macquarie.com.au/au/international_offices.htm

Leasing Companies Out of Broker Business

These are companies who are either out of business who worked with independent equipment leasing brokers or no longer are doing business with independent equipment brokers within the last year. This is not a list of companies who do not do business with independent equipment brokers.

ACC Capital Corporation, Salt Lake City, Utah
(no longer "application only"-new $100,000 mininum)
Advantage Business Capital, Lake Oswego, Oregon
AEL Financial, Buffalo Grove, Illinois
*(No longer taking new broker business)
Balboa Capital, Irvine, Ca
Bankers Healthcare Group, Weston, FL.
C and J Leasing Corp, Des Moines, Iowa
Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Columbia Bank Leasing, Tacoma, WA
Court Square, Malvern, Pennsylvania
Creative Capital Leasing Group, LLC, San Diego, CA
Diversified Financial Service, Omaha, NE
Equipment Finance Partners, a division of Altec, located in
Birmingham, Alabama
Evans National Leasing, Inc., Hamburg, NY
Excel Financial Leasing, Lubbock Texas
First Corp.(IFC subsidiary), Morton Grove, Illinois
First Republic Bank, San Francisco, Ca
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
Greystone, Burlington, MA
Heritage Pacific Leasing, Fresno, CA
Hillcrest Bank Leasing, Overland Park, KS
Huntington Equipment Finance, Vendor Finance Group,
IFC Credit Corp., Morton Grove, Illinois
Bellevue, Washington
Irwin Financial (not in the U.S.)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
LEAF Third Party Funding, Santa Barbara, Ca.
Lombard, part of Royal Bank of Scotland, worldwide
Marlin Leasing, Mount Laurel, NJ
Marquette Business Credit Inc., Minneapolis, Minnesota
M&T Credit (Bank)
MericapCredit, Lisle, Illinois
Merrill Lynch Financial
Mesa Leasing, San Diego, California
Midwest Leasing Group,Livonia, MI
National City, Cleveland, Ohio
Navigator (Pentech subsidiary) San Diego, California
OFC Capital, Roswell, Georgia
Pentech Financial, Campbell, CA
PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
Popular Finance, St. Louis, Missouri
Radiance-Capital, Tacoma, WA
Sandy Springs, Olney, MD
Sovereign Bank, Melville, New York
SunBridge Capital, Mission, Kansas
Textron Financial
Triad Leasing & Financial, Inc., Boise, Idaho
Union Capital Partners, Midvale, Utah
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon
Vision Capital,San Diego, California
Wachovia Bank Leasing
Washington Mutual Financial
Western Bank, Devils Lake, ND
Westover Financial, Inc., Santa Ana, California

Funder/Superbroker Looking for New Broker Business
http://www.leasingnews.org/Funders_Only/New_Broker.htm

Turmoil still exists at Puget Sound Leasing
by Christopher Menkin

Employees leaving Puget Sound Leasing, Bellevue, Washington talk about the turmoil, mostly emanating from First Sound Bank, Seattle, Washington, and its troubles. It seems to affect credit decisions, work with brokers, and brokers attitude that leases may not fund if the bank closes the leasing division down.

Dave Johnson
Leasing Division Manager

A call and email to Leasing Division Manager Dave Johnson were not returned. He served as Vice President Credit and Operations for the Small Ticket Leasing Division of Irwin Commercial Finance located in Bellevue, WA. He also brought with him David Murphy, senior credit analyst for the company's U.S. Small Ticket division.

David Murphy
Vice President - Credit

Under the circumstances, it does not appear First Sound Bank is in the position to close the division down, especially involved in several lawsuits. There does appear to be efforts to sell off leases to others than continue to fund them internally, according to FDIC financial statement filings, which show a decline in both leases and loans. June 30, 2008 net leases and loans were $209,208,000 and June 30, 2009 were $193,830,000 Loan allowance went from $2.9 million to $8.3 million.

When Louis Secord was in charge, Puget Sound Leasing was selling off most of their leases to others, not holding them, thus the various laws suits with other banks. The covenants in the placing of leases elsewhere is what was evidently not reportedly disclosed to First Sound Bank, as well as what the actual loss ratio was and how that tied into these portfolio's that were sold.

There have been a series of recent developments. First, Washington Federal Savings came to a confidential settlement in its suit against First Sound Bank regarding Puget Sound Leasing. This specific portfolio sale occurred during the time when Louis Secord had management authority for the Leasing Division control under bank ownership and was also on the bank board of directors. The dispute continues with other banks regarding the delinquency rates, buy-back provisions, security deposits, as well as "reps and warrants" with brokers who submitted the transactions. The settlement information may not be held confidential for long.

The major case continues against other banks as well as Larasco and the two founders, Louis A. Secord, Jr., and Richard A Secord.

First Sound Bank was one of the three banks that forced 84 year old Michael R. Mastro, Real Estate mogul or charlatan, depending on your viewpoint, into Chapter 7 Bankruptcy. The three banks were First Sound, $5.1 million, Columbia Bank, $2.6 million, Venture $2 million. Part of the suit relates to the allegation the transfer of assets over two years ago to offshore entities was done to keep out of the hands of creditors. We're talking about a $400,000 Rolls Royce, Jewelry, including five rings containing diamonds ranging from 9.68 to 27.8 carats, a waterfront mansion bought for $15 million, and more…the court document reads like this could only happen in real life as it would be unbelievable in a TV soap opera.

At this dollar amount, it is difficult to believe the bank executive committee approved the $5.1 million transaction. The purchase of Puget Sound came from when Secord, one of the founders of the bank, was on the board of the bank as well as the company accountant (former.) Whether the decisions came directly from the loan committee or directly and/or reviewed by the executive committee is not known. A telephone call to Steve Shaughnessy, President and COO, was not returned.

First Sound Bank said it lost $4.5 million in the second quarter, and lost $20.1 million in 2008. In December, the bank received $7.4 million in federal bailout funds. FDIC filings reveal bank employment was 104 June 30, 2008 and June 30, 2009 was down to 76 employees. Bank equity has gone from $38.3 million in 2008, June 30, to $20.1 million June, 2009. Cash is down $21 million from $266,555,000 to $245,099,000, not serious.

Especially of concern would be: Total other loans and leases went from $52,274,000 to $51,564,000, with a "Note: Other loans and leases category items may not total for TFR Reporters due to reporting differences." This may include the law suit numbers with Larasco and Secords, who at one time had personal deep pockets. Certainly bank regulators are following this bank closely as other banks in the area have had their problems, including foreclosure. While it does not appear First Sound Bank is headed that way, management should be questioned more about their loan decision process and abilities to rise above being part of the country club.

Don L. Hirtzel
Director Since 2004
Chairman and Chief Executive Officer
First Sound Bank

"Hertzel resigned as Senior Vice President and Division Manager of Business and Professional Banking from Pacific Northwest Bank (Wells Fargo) to pursue the formation of First Sound Bank. At Pacific Northwest Bank Mr. Hirtzel developed a new King County Commercial Banking Team in addition to managing the activities of five other Business Centers throughout Washington. Prior experience included serving as Executive Vice President in charge of production for Tacoma-based Columbia Bank and various other Senior Vice President positions with responsibilities in retail, business and corporate banking for Rainier National Bank, Security Pacific Bank, West One Bank and U S Bank."

Full biography here: http://leasingnews.org/PDF/FirstSoundBank_bio.pdf

Steve Shaughnessy
Director Since 2004
President and Chief Operating Officer
First Sound Bank

"Mr. Shaughnessy has 27 years of experience in the Seattle banking and finance market encompassing a wide range of positions in traditional banking as well as asset-based finance. In 1990 he helped form CAPCO Financial, for which he served as President until the company was sold to Greater Bay Bancorp of Palo Alto, Ca. in 2001. . Prior to forming CAPCO, Mr. Shaughnessy was a Vice President with First Interstate Bank of Washington and Rainier National Bank with various positions in retail branch management, internal bank auditing, commercial lending and business development."

Full Biography Here:
http://leasingnews.org/PDF/FirstSoundBank_bio.pdf

Michael R. Mastro Chapter 7 BK newspaper article
http://seattletimes.nwsource.com/html/businesstechnology/2009975099_webmastro30.html?syndication=rss

Court Documents:
http://leasingnews.org/PDF/Mastro.pdf

Recent First Sound Bank/Puget Sound Leasing
http://www.leasingnews.org/Conscious-Top%20Stories/Puget.htm

(This ad is a "trade" for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

Sales Make it Happen
by Mr. Terry Winders, CLP

What is the correct answer to "What is my rate?"

Many customers press the lease salesperson for the effective rate on the lease proposal. The answer, usually given, is the stream rate because that is all the customer legally has to pay. But because they are use to interest rates the customer wants to figure the rate including the purchase option to compare Lessor's proposals.

With Purchase options at fair market value, or a fixed price, they usually are 20% higher than the residual to maintain the economic difference between a loan, and a lease, for tax and legal purposes.

So how to you avoid giving the customer the correct rate equivalent with out being in danger of losing the deal?

We usually answer that there is no rate, because this is a lease transaction. So most lessees do their own calculations, to arrive at a number, so that they can compare the offers received from competing Lessor's.

Some talk about "yield," while others in the past were to express the interest as "add on, " not "annual percent rate." And "in arrears" or "advance?" What the advance and/or security payment included or the residual, too, at present value?

Most will treat the lease as a "loan," meaning use a "loan" program or chart, pressing a few buttons and arriving at a percentage. But before the customer gets out his HP Calculator or calls his Certified Public Accountant, let me advise the better answer gets to the question; is the rate question, an accounting issue, or a tax issue?

With recent tax laws regarding "depreciation," many customers are very interested in not taking the lease payments as a "deduction," but the depreciation and interest for the year declared. This may be to your advantage.

A tax true lease with a fair market purchase option has no rate because the rents are fully deductible for income tax considerations. However a true lease may still fail the 90% test for accounting and be classified as a Capital Lease. A Capital lease will brake down the payment into equipment cost to be amortized and interest. This is done by the lessee's accountant by discounting the rental stream at their incremental borrowing rate IRB ( average cost of money under like circumstances). This means that regardless of the Lessor's rate the discount factor will be the lessee's actual borrowing rate.

Example: Non-tax lease for $100,000 over 36 months (in advance) with a FMV P.O. and a "0%" residual with a 12% rate equals payments of $3,288.55. The stream rate is 12% because of no residual but the FMV P.O. makes it a true lease for tax purposes. The lessee to book the deal, under GAAP standards, must discount the payment at their IRB and if the IRB is 10% the present value is $102.765.39 which must be amortized (depreciated) over the term of the lease.

The interest is calculated by subtracting the discounted amount from the total rents to be paid. The total rents, from the example, are $118,387.80 then minus the discounted value $102,765.39 will give you $15,622.41 (the interest to be deducted as interest expense over the term of the lease.) The interest is taken over the lease term under the interest method. Therefore, the rate for accounting will always be the lessee's IRB which in this case is 10%. The true cash flow to obtain ownership at lease termination can never be computed until lease termination so using the IBR is usually the best alternative.

Remember, if they wanted to use their own cash or bank lines, they most likely wouldn't even be talking to you at this stage. The main reasons most in small tickets lease is the convenience, and may also for the main reason in the mid-size: for better use of working capital and to save their existing line of credit.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666. He invites your questions and queries.

Sales Makes it Happen articles:
http://www.leasingnews.org/Legacy/index.html

Fernando's View
By Fernando F. Croce

One of the year's best movies ("A Serious Man") and an irresistible tale of girl-power ("Whip It") hit theater screens, while a couple of documentaries ("Anvil!," "Not Quite Hollywood") and an undeservedly overlooked comedy ("Year One") make for choice DVD viewing.

In Theaters:

A Serious Man (Focus Pictures): Acclaimed filmmakers Joel and Ethan Coen follow the dark, Oscar-winning drama "No Country for Old Men" and the slapstick comedy "Burn After Reading" with this outstanding film, which combines elements from both their most recent movies. Larry Gopnik (Michael Stuhlbarg) is a physics professor muddling through life in 1967 Minneapolis. His meek suburban experience takes an unexpected turn as a series of terrible events, ranging from his son being picked on by school bullies to a threatened job, leave him feeling lost. Though a description of the plot suggests a heavy tragedy, the Coens' unique mix of humor and despair instead crafts a brilliant portrait of one man's doubts and fears that's also often uproariously funny. One of the year's best films.

Whip It (Fox Searchlight Pictures): Drew Barrymore makes her directorial debut with this vivacious comedy-drama set in the rollicking subculture of female roller derby skaters. Ellen Page ("Juno") adds another character to her gallery of spunky outsiders with Bliss Cavendar, a waitress who trades life in a small Texas town for the rough and tumble rush of skating competitions in an all-girl Austin league. Dealing with tough competitors, tomboyish friends, and possible boyfriends, Bliss finds her voice along with her footing in the derby arena. Barrymore (who also co-stars) may still have much to learn about filmmaking, but her affection for her characters and for her cast (which also includes Juliette Lewis and Marcia Gay Harden) make this good-natured tale of girl-power hard to resist.

New on DVD:

Netflix Tip: When stuffing your DVDs back in the envelope to be returned, make sure the disc is positioned so that the barcode shows through the envelope opening. This makes the processing of titles easier, and makes titles head out your way faster.

Anvil!: The Story of Anvil (VH-1 Films): For anybody who thought the clueless, aging rockers in "This Is Spinal Tap" were an exaggeration, here comes this funny, sweet, unexpectedly moving documentary to show that there really are folks like that. The film looks back on the early days of Anvil!, a heavy metal band that made a splash in Canada during the early 1980s and was an influence on groups like Metallica. The humor and poignancy of the project, however, lie mostly in its present-day segments, as we catch up with band founders (and school friends) Steve "Lips" Kudlow and Robb Reiner, as they try to work past corporate greed, previous discord, and their own middle-age barriers to make good on their promise to "keep rocking forever."

Not Quite Hollywood (Magnolia): For years, the Australian movie industry was known to the rest of the world as purveyors of tasteful costume dramas like "Picnic on Hanging Rock." Mark Hartley, the director of this breathlessly entertaining documentary, begs to differ. Using lightning-paced clips and interviews, Hartley shows us the vigorous world of Australian B-movies, from risqué comedies to atmospheric horror movies to ferocious action epics, movies which may not have always pleased critics but always dripped with passion for cinema. Standouts among the interviewees are actor Dennis Hopper's recollection of wild times in the outback during the 1970s, "Mad Max" director George Miller's tales of how dangerous many of his car stunts were, and genre fan Quentin Tarantino's feverish enthusiasm for just about everything related to movies.

Year One (Sony): Burly, raucous Jack black and spindly, meek Michael Cera make a fine comic duo in this likable comedy from the experienced yet still underrated Harold Ramis ("Caddyshack," "Groundhog Day"). Ambling satirically through ancient times, the movie follows Zed (Black) and Oh (Cera), a pair of luckless prehistoric hunters who can't seem to keep up with the demands of their village. Sent away because of their slacking, they come across a variety of legendary characters, from Cain and Abel to the dwellers of a certain city known as Sodom. Fast-paced and full of clever gags, the movie may not be raunchy enough for viewers who prefer their comedy R-rated. But everybody else should enjoy the zesty humor and the cameos (including Paul Rudd and Hank Azaria).

New Hires---Promotions

Carl Bretzman was hired as a salesman for the Vendor Sales Group, Balboa Capital, Irvine, California. His last position was with the Vendor Sales Division at IFC Credit Corporation division FirstCorp, where he was director of Business Development. He previously worked for Siemens Financial Services and Huntington Equipment Finance.

Mark Kelly was hired as a salesman for the Vendor Sales Group, Balboa Capital, Irvine, California. His last position was with the Vendor Sales Division at IFC Credit Corporation division FirstCorp. He has also worked at Comdisco, Trilogy Leasing and GE Capital Computer Leasing Group.

Tamara McCourt, CLP was hired as Director of Operations, Five Point Capital, San Diego, California. She was the Western Region Credit Manager at Pentech Financial Services where she and her team had responsibility for all accounts west of the Great Lakes. Prior to Pentech, Tamara spent almost four-years as Credit Manager for Pinnacle Business Finance. She started her career in the leasing industry in 1992 where she worked a variety of positions from credit, sales support, administration, documentation, and sales for Cascade Leasing Company and The Money Source. She has also been an entrepreneur, owing her own company, The Virtual Credit Manager, which provided a variety of business services to small business owners.

Ms. McCourt earned her Certified Leasing Professional (CLP) designation in 2004 and has served as a proctor in administrating the CLP exam for the past year and is a member of the CLP education committee. Additionally Tamara received her Certified Credit Executive certification in 2001 from the National Association of Credit Management and went on to graduate from the NACM's Graduate School of Credit & Financial Management at Dartmouth in 2005. She also has a B.S. degree in Business Management from the University of Phoenix.

Classified ads-Collector/Consultants

Collector: Atlanta, GA
Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts!
E-mail: mcrouse911@joimail.com

Collector: Cleveland, OH
Huntley Capital & Associates is your solution to late payments, no payments, and asset recovery. Call 216-337-7075.
Email: ghpatey@msn.com

Collector: Los Angeles, CA
Expert skiptracers covering Southern California. We locate skips, judgment debtors and collateral. When you can't get the job done in house, give us a call at
1-800-778-0794.
E-mail: ceo@interagencyLA.com

Collector: Louisville, KY
We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850
email: jfloyd@collectcsg.com

Collector: Louisville, KY
Euler Hermes/UMA 92 year old Global Receivables Outsourcing. Presence in 143 Countries. Work w/ 4 out of 5 Fortune 500 firms. Contingency Fee Structure.
20% off first time clients.!
Andrew.Newton@eulerhermes.com
1-800-237-9386 x 205.

Collector: Mandeville, MI
International commercial collection services all fees are on contingency on line access.
E-mail: rmelerine@collect-now.com
www.drspay.com
www.collect-now.com

Collector: Milwaukee, WI
We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory.
E-mail: bdperry1@yahoo.com

Collector: Nationwide
End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide.
800-824-0234
john.kenny6@worldnet.att.net

Collector: Saint Louis, MO
Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency!
Call 1-800-659-7199 ext.315
E-mail: jfloyd@lindquistandtrudeau.com

Consultant: Burlington, CT
We provide our clients with a full range of consulting services such as portfolio conversions, reconciliation, custom programming and leasing operations utilizing InfoLease.
Email: info@new-millennium-assoc.com

Consultant: Europe
15 years doing deals/running own technology leasing company – looking to advise/ lead new entrants to take advantage the European market opportunity.
www.clearcape.co.uk or kevin.kennedy@clearcape.co.uk

Consultant: Henderson, NV
Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record.
E-mail: rbutzek@cox.net

Consultant: Sausalito, CA
Lease trainer and consultant. 38 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops.
E-mail:BoTei@aol.com

Consultant: North of Detroit, MI
INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide.
E-mail: darwint@prodigy.net

Consultant: Ridgefield CT.
Lisa Lersner w/20 years exp. specializing in leasing technology now providinglessor selection andmanagement services, includingthe securing of debt and equity and acquisition guidance services.
Email: LLersner@leasefinanceconsulting.com Go to www.leasefinanceconsulting.com

Communications: Chassell, MI

Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct

mail projects etc. Fees are negotiable.
Email: dan@danscartoons.com
Go to http://www.danscartoons.com

Leasing Industry Outsourcing
(Providing Services and Products)

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

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

CIT Launches Restructuring Plan
Significant Bondholder Support

Designed to Ensure Continued Financing Support for Small Business and Middle Market Clients

Commences Offers to Exchange Certain Outstanding Series of Notes and Solicits Votes for Voluntary Prepackaged Plan of Reorganization

NEW YORK --CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses and middle market companies, today announced that it has commenced a restructuring of its capital structure that has been approved by the Company's Board of Directors and by the Steering Committee of CIT's bondholders. Today's announcement is an important step in a comprehensive restructuring plan to enhance CIT's capital levels, improve its liquidity and return the Company to profitability.

Under the plan, CIT Group Inc. and CIT Group Funding Company of Delaware LLC (Delaware Funding) are launching exchange offers for certain unsecured notes. If the Company does not achieve the objectives of the exchange offers, it may decide to initiate a voluntary filing under Chapter 11 of the U.S. Bankruptcy Code. Therefore, the Company is concurrently soliciting bondholders and other holders of CIT debt to approve a prepackaged plan of reorganization. The Company has been informed by advisors to the Steering Committee that, subject to review of the offering memorandum, approximately $10 billion of outstanding unsecured indebtedness have already indicated their intention to participate in the exchange offer or vote for the prepackaged plan of reorganization.

"Over the last several months, CIT's management, together with its Board of Directors and outside advisors, has developed a comprehensive plan to position CIT for future success," said Jeffrey M. Peek, Chairman and CEO. "We believe this plan maximizes franchise value and can be executed quickly and effectively through a series of voluntary debt exchange offers or an expedited in-court restructuring process. Upon completion of either alternative, CIT will be a well-funded bank holding company with a strong capital position and market leading franchises.

"We have the liquidity to serve our small business and middle market clients throughout this process," Mr. Peek continued. "On behalf of CIT, I want to thank our clients for their continued support during this process and also thank our employees whose commitment is crucial to the future of CIT."

Jeff Werbalowsky of Houlihan Lokey, the financial advisor to the Steering Committee, commented, "The Committee has worked very constructively with the Company and has approved its plan. Through the restructuring and substantial deleveraging featured in this plan, whether completed in or out of court, we are very confident that CIT will emerge as a strong bank holding company with renewed earnings and profitability potential."

Comprehensive Series of Exchange Offers

CIT has initiated a series of voluntary exchange offers designed to recapitalize its balance sheet and significantly reduce its debt in an out-of-court restructuring. Successful completion of the exchange offers will generate significant capital and provide multi-year liquidity through the material reduction of CIT's outstanding debt.

Under the terms of the exchange offers, a tendering holder of an existing debt security would receive a pro rata portion of each of five series of newly issued secured notes, with maturities ranging from four to eight years, and/or shares of newly issued voting preferred stock. Consideration offered varies in amount and type based on issuer, maturity and position in the capital structure.

The exchange offers are conditioned upon achieving acceptable liquidity and leverage. These conditions require that the exchange offers cannot be consummated if the face amount of the Company's total debt is not reduced by at least $5.7 billion in aggregate, with specific debt reduction targets for the periods from 2009 to 2012, as more fully described in the offering memorandum.

The exchange offers are set to expire at 11:59 pm, New York City time, on Thursday, October 29, 2009. Tendered securities may be validly withdrawn at any time prior to the expiration date.

Solicitation for Potential Voluntary Prepackaged Chapter 11 Reorganization

CIT is also soliciting most bondholders and other holders of CIT debt to approve a prepackaged plan of reorganization so that the Company has the option to proceed with a voluntary bankruptcy filing. The Company believes that such a bankruptcy process could be resolved expeditiously with minimal disruption to its business. In this process, CIT Bank and CIT's operating entities would not file for bankruptcy, which will allow the Company to continue to service its customers.

For Additional Information

Additional information regarding the exchange offers and plan of reorganization will be available in a Form 8-K to be filed by the Company with the Securities and Exchange Commission. Further information about the Company and its restructuring plan can be found at www.cit.com

The Information Agent for the Offer is D.F. King & Co. Financial Balloting Group, LLC is serving as Exchange Agent for the Exchange Offers and Voting Agent for the Plan of Reorganization. Retail holders of notes with questions regarding the voting and exchange process should contact the information agent at (800) 758-5880 or +1 (212) 269-5550. Banks and brokers with questions regarding the voting and exchange process should contact the exchange and voting agent at +1 (646) 282-1888. BofA Merrill Lynch and Citigroup Global Markets are acting as financial advisors to the Company for purposes of this transaction.

Evercore Partners, Morgan Stanley and FTI Consulting are the Company's financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP and Sullivan & Cromwell LLP are legal counsel in connection with the restructuring plan.

Houlihan Lokey Howard & Zukin Capital, Inc. serves as financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP serves as legal counsel to the Steering Committee of CIT's bondholders.

Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com.

About CIT

CIT (NYSE: CIT) is a bank holding company with more than $60 billion in finance and leasing assets that provides financial products and advisory services to small and middle market businesses. Operating in more than 50 countries across 30 industries, CIT provides an unparalleled combination of relationship, intellectual and financial capital to its customers worldwide. CIT maintains leadership positions in small business and middle market lending, retail finance, aerospace, equipment and rail leasing, and vendor finance. Founded in 1908 and headquartered in New York City, CIT is a member of the Fortune 500. www.cit.com.

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

ELFA to Sponsor "Build-a-Bikeâ"

In Partnership with Boys and Girls Clubs of San Diego

Community Service Project at ELFA's 48th Annual Convention

to Benefit Underserved Children in San Diego

Washington, DC, -The Equipment Leasing and Finance Association's (ELFA) 48th Annual Convention, themed "Connecting to the Future," will include a special community service project to benefit underserved children in the San Diego community. All convention attendees are invited to participate in a charity Build-a-Bikeâ event on Sunday, October 18 to be held in two sessions on the grounds of the convention venue at the Manchester Grand Hyatt. The community service project will be hosted by ELFA in partnership with Boys and Girls Clubs of San Diego. There is no fee for participation. Buil

d-a-Bikeâ volunteers will have the opportunity to work together to contribute to the community by helping assemble each of the bicycles and presenting them to the kids. For most of the children involved, aged 8-12, this will be their first bicycle. As part of this program, each bicycle will be inspected for safety before being presented to the kids and ELFA volunteers will present the children with new bicycle safety helmets. To increase participation, two Build-a-Bikeâ events will be held Sunday in the Seaport Courtyard of the Manchester Grand Hyatt, the ELFA convention venue.

"Following a tradition we began at our 47th Annual Convention, ELFA in partnership with Boys and Girls Clubs of San Diego will sponsor a community service project at no cost to ELFA participants," said ELFA Interim President Ralph Petta. "Last year, 80 ELFA member volunteers contributed time and effort to restore a sports field at a high school in New Orleans which had been destroyed by Hurricane Katrina; this year, we'd like to see even more participation. The number of kids who get new bikes directly depends upon how many volunteers sign up as part of the ELFA team," said Petta.

To see an exciting video slide show of a recent Build-a-Bikeâ event, or for more information about sponsorship and registration, please visit http://www.elfaonline.org/pub/events/2009/AC/CSP.cfm

About the ELFA 48th Annual Convention

The ELFA Annual Convention is the premier event for the equipment finance industry. The convention program is designed to help members understand, plan for and benefit from the new equipment finance marketplace. The program will have three full days of educational sessions and networking and include the Funding Source Connection, which facilitates opportunities for those in need of funding to meet with funding sources. For more information or to register now, please visit http://www.elfaonline.org/pub/events/2009/AC/

About the ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $650 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org

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

Latin American Leasing Industry
Growing Despite Global Economy

The Alta Group LAR 100 report ranks countries and companies; reveals standouts, trouble spots and decline of multinational presence

FORT LAUDERDALE, FL, - The Alta Group's fifth annual report on equipment leasing in Latin America, The Alta Group LAR 100 for 2008, shows the region's leasing industry is expanding four times higher than its Gross Domestic Product (GDP) growth rate. Alta estimates that the industry in 2008, valued at US$ 71 billion in leased portfolios, grew 15.8% in US dollars and 16.7% in real terms when adjusted for exchange rate fluctuations.

The 2008 growth rate was strong but not as impressive as noted in previous reports. For example, the Latin American leasing industry expanded by 71% in 2007 and 46.5 % in 2006.

"The global economic crisis was the main driver that explains why the leasing industry did not grow as fast as in prior years. Notwithstanding, the leasing industry in Latin America managed to grow at a time when leasing industries in other parts of the world contracted. This shows the solid standing and great potential of the leasing industry in the region. Leasing companies in Latin America do not waste their efforts in subprime lending or speculative investments. They invest in capital goods, which is what makes economies grow," said Rafael Castillo-Triana, Alta's managing principal for Latin America.

Other key findings:

o Peru experienced the strongest leasing growth (66.77%). Argentina's growth also was notable and Brazil increased its regional market share to 63.9%.

o The 20 fastest-growing leasing companies included (1) Credomatic de Guatemala, (2) BV Leasing Arrendamento Mercantil S/A of Brazil and (3) Arrendadora Financiera Inbursa, S.A. de C. V., SOFOM, E.R. of Mexico.

o Alta's ranking was headed again by Banco Itauleasing (antes Cia. Itauleasing de Arrendamento Mercantil) of Brazil.

o The presence of multinational leasing companies "declined drastically" in 2008 after a decade-long increase in foreign investment.

Click this link for the report in English or Spanish.
http://thealtagroup.com/latin-america/news/the-alta-lar-100-report

About Alta
The Alta Group, LLC, is a global consultancy serving equipment leasing and finance companies, investment professionals, manufacturers, banks, and government organizations. Alta supports clients in North America; Latin America; Europe, the Middle East and Africa; Australia; and China. For information, visit http://www.thealtagroup.com.

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

Jack Henry & Associates and Goldleaf Financial Solutions, Inc. Complete Acquisition Transaction

Goldleaf Receives Required Shareholder Approval; Integration of Companies Begins

Monett, Mo. - - Jack Henry & Associates, Inc. (Nasdaq: JKHY), a leading provider of integrated technology solutions and data processing services for financial institutions, announced that it has closed the transaction initiated to acquire Goldleaf Financial Solutions, Inc. (Nasdaq: GFSI), a provider of integrated technology-based solutions primarily for the financial services industry. As a result of the acquisition, Goldleaf Financial Solutions became a wholly owned subsidiary of Jack Henry & Associates and each outstanding share of GFSI common stock automatically converted into the right to receive $0.98 in cash.

Goldleaf will be assimilated into ProfitStars®, Jack Henry & Associates' third primary brand which was established to encompass the companies acquired to support its focused diversification strategy and to broaden its reach well beyond the company's traditional markets.

According to David Foss, president of ProfitStars, "This acquisition clearly supports our strategy to acquire companies that provide proven solutions that we can cross sell to our Jack Henry Banking™ and Symitar™ clients, that generate new cross-sale opportunities among our respective client bases, and that expand the specialized products and services ProfitStars sells to virtually any financial services organization regardless of core processing platform or asset size. This acquisition positions ProfitStars with a broader array of products and services, gives our clients and prospects more technology options, and immediately increases our market presence and potential."

Kevin Williams, CFO of Jack Henry & Associates, said, "We also expect this acquisition to increase the value we provide our shareholders. We anticipate significant near-term cost synergies and long-term organic revenue growth, and a more diversified revenue stream. This acquisition is expected to be slightly accretive in the first full year and improve as we recognize the full impact of estimated cost synergies".

This transaction received unanimous approval by the Goldleaf Board of Directors and majority approval by the company's shareholders.

About Jack Henry & Associates, Inc.

Jack Henry & Associates, Inc. (Nasdaq: JKHY) is a leading provider of computer systems and ATM/debit card/ACH transaction processing services primarily for financial services organizations. Its technology solutions serve more than 9,800 customers nationwide, and are marketed and supported through three primary brands. Jack Henry Banking supports banks ranging from de novo to mid-tier institutions with information processing solutions. Symitar is the leading provider of information processing solutions for credit unions of all sizes. ProfitStars provides highly specialized products and services that enable financial institutions of every asset size and charter, and diverse corporate entities to mitigate and control risks, optimize revenue and growth opportunities, and contain costs. Additional information is available at www.jackhenry.com.

1967- Thurgood Marshall, appointed by President Lyndon B. Johnson, was sworn in as associate justice of the U.S. Supreme Court. Marshall was the first black Supreme Court justice and served until his retirement on June 27, 1991, at the age of 82. He had served in the U.S. Second Circuit Court of Appeals (1961-1965) and as U.S. Solicitor General (1965-1967). Justice Marshall died on January 24, 1993.
1930 Mr. Marshall graduates with honors from Lincoln U. (cum laude)
1933 Receives law degree from Howard U. (magna cum laude); begins private practice in Baltimore
1934 Begins to work for Baltimore branch of NAACP
1935 With Charles Houston, wins first major civil rights case, Murray v. Pearson
1936 Becomes assistant special counsel for NAACP in New York
1940 Wins first of 29 Supreme Court victories (Chambers v. Florida)
1944 Successfully argues Smith v. Allwright, overthrowing the South's "white primary"
1948 Wins Shelley v. Kraemer, in which Supreme Court strikes down legality of racially restrictive covenants
1950 Wins Supreme Court victories in two graduate-school integration cases, Sweatt v. Painter and McLaurin v. Oklahoma State Regents
1951 Visits South Korea and Japan to investigate charges of racism in U.S. armed forces. He reported that the general practice was one of "rigid segregation".
1954 Wins Brown v. Board of Education of Topeka, landmark case that demolishes legal basis for segregation in America
1961 Defends civil rights demonstrators, winning Supreme Circuit Court victory in Garner v. Louisiana; nominated to Second Court of Appeals by President J.F. Kennedy
1961 Appointed circuit judge, makes 112 rulings, all of them later upheld by Supreme Court
(1961-1965)
1965 Appoint ed U.S. solicitor general by President Lyndon Johnson; wins 14 of the 19 cases he argues for the government (1965-1967)
http://memory.loc.gov/ammem/today/oct02.html
http://chnm.gmu.edu/courses/122/hill/marshall.htm
http://www.ai.mit.edu/~isbell/HFh/black/events_and_people/html/
001.thurgood_marshall.html

    1696---Birthday of Ann Smith Franklin - Colonial women printer. There were a large number of Colonial women who were printers, owners of taverns, silversmiths, artists, merchants, etc. Even though the women of that period had very few legal rights, many of them worked in commercial ventures and were the primary breadwinners of their families.
    1721-The Boston Gazette advertised a Camel would be exhibit for sale” African camel...7 feet high and 12 feet long.”
    1780- British intelligence officer Major John André was hanged as a spy in Tappan, New York. Captured on his return to New York City by American militiamen fighting in the War of Independence, Major André was found to have papers hidden in his boot concerning West Point, New York . General George Washington designated a board of officers to hear the case which, after finding André guilty of spying, sentenced him to death. More disturbing news was uncovered during the process of the investigation. The papers carried by the British officer had been given to him by Brigadier General Benedict Arnold of the Continental Army, recently appointed commandant of the fort at West Point . Since May 1779, Arnold, motivated by greed, by his opposition to the French alliance of 1778, and by his resentment towards authorities who had reprimanded him for irregularities during his command in Philadelphia , had maintained a secret correspondence with Major André. On September 21, Arnold had agreed to surrender West Point to the British in exchange for 20,000 pounds. West Point, at the time, was a major fort, plus defended the major water transportation for the area.
(lower half of: http://memory.loc.gov/ammem/today/oct02.html )
    1800 – Birthday of Nat Turner Virginia, leader of major slave rebellion
http://www.bigchalk.com/cgi-bin/WebObjects/WOPortal.woa/wa/HWCDA/
file?fileid=155144&flt=ga
    1864- Battle of Saltville
A Union cavalry column strikes Saltville in southwestern Virginia, but is defeated by a force patched together from several reserve units. The Confederacy's main source of salt, used as a preservative for army rations, was secured as the war entered its final phase. With nearly 8,000 soldiers, the two Union forces converged on the area; the Confederates had barely 1,000 men to stop them. Some of those were used to slow Gillem's advance, but only a few hundred men under the command of Colonel Henry Giltner were available to face Burbridge. On October 1, Giltner delayed the Yankees at Clinch Mountain, but by October 2 the Yankees had reached the outskirts of Saltville. Confederate General John Williams arrived just in time with cavalry reinforcements, and Burbridge suddenly faced more than 2,500 Rebels. The determined Confederates dug in and repulsed a series of attacks. By nightfall, Burbridge's men were running low on ammunition. The Yankees withdrew during the night, and the Confederates pursued them to the Kentucky border. The glory of the victory was tarnished, however, when the Confederates massacred wounded Union soldiers from the 5th and 6th Colored Cavalry.
The Union suffered 329 men killed, wounded, or missing at Saltville, while the Confederates lost 190 men. It was a stunning victory for the Confederates, since they were vastly outnumbered. Winning the Battle of Saltville did little to delay the collapse of the Confederacy, however, which was complete just six months later.
    1866-J.Osterhoudt of New York City, obtained a patent for an "improved method of opening tin cans." The can had a projecting lip and a key could open it.
    1871-Birthday of Cordell Hull, American statesman who served in both houses of the Congress and as secretary of state , born Pickett County, TN. Noted for his contributions to the “Good Neighbor” policies of the US with regard to countries of the Americas and to the establishment of the United Nations. Hull died at Bethesda, MD July 23, 1955.
http://www.bartleby.com/65/e-/E-Crump-Ed.html
http://kids.infoplease.lycos.com/ce6/people/A0827280.html
http://bioguide.congress.gov/scripts/biodisplay.pl?index=C000955
    1890- birthday of Groucho Mark. Born Julius Henry Marx at New York, NY. Comedian, who along with his brothers, constituted the famous Marx Brothers. The Marx Brothers began as a singing group and then acted in such movies as Duck Soup and Animal Crackers. During the '40s and '50s, Groucho was the host of the television and radio show "You Bet Your Life." Died at Los Angeles, CA, Aug 19, 1977.
    1885- Ruth Bryan Owen Rohde birthday, a remarkable woman from Florida - U.S. statesperson. RBOR was a former United States Ambassador to Denmark; member of the House of Representatives from     1929-1933, and first woman elected from the deep South (Florida). Her accomplishments as U.S. Representative include the farsighted proposals to designate the Florida Everglades as a national park and to establish a cabinet-level department to oversee the health and welfare of families and children. She lost her reelection in 1932 because she favored prohibition - although later she voted for its repeal because that was what her constituents wanted. Rohde was appointed U.S. Minister to Denmark in 1933 by President Franklin D. Roosevelt. She resigned from the foreign service (1936) to marry a second time, a Danish citizen. Her marriage to a Dane gave her duel citizenship according to Danish law and an impossible conflict as a U.S. ambassador. President Harry Truman appointed her alternate U.S. delegate (1949) to the U.N. General Assembly where she chaired the executive committee of the UN Speakers Research Committee. RBOR received the Distinguished Service Medal from King Frederik of Denmark (1954). RBOR authored six books. Politically, she is best known, however for the grueling 10,000 mile campaign up and down the coast of Florida in her winning campaign for the Fourth District Congressional seat in 1928. After she won election, her opponents challenged her by claiming that she had forfeited her American citizenship under a law passed in 1907 when she married a British subject, Reginald Owen in 1910. The 1922 Cable Act, one of a series to right the wrongs of the 1907 law, enabled her to be renaturalized, but her opponents claimed it did not meet the seven year PRIOR citizenship requirement for a congressional representative. The 1907 law stripped a native-born U.S. woman of her citizenship if she married a citizen of another nation. No such outrageous actions were taken against men who married foreign women - in fact, their marriage conferred U.S. citizenship on their wives! The House ethics committee allowed her to be seated after an emotional appeal and a LOGICAL one. She was, after all, BORN an American. Her case focused national attention on the grossly unfair laws affecting women. The law had been changed but even such people as heiress Barbara Hutton and renowned news correspondent Dorothy Thompson had lost their citizenship because of the appalling law and were unable to regain it because there was no retroactive elimination. By the way, Rohde was the eldest daughter of William Jennings Bryan, noted U.S. political figure and a candidate for the presidency. A daughter but not his clone. While serving as U.S. Representative, she astonished pundits by voting for tariffs on imports, a policy her father had vehemently opposed.
http://everglades.fiu.edu/reclaim/bios/owen.html
    1895-Birthday of comedian Bud Abbott Asbury Park, NJ
http://tomahawk.tigerx.com/people/abbott.htm
http://www.bestbuy.com/movies/Artist.asp?cid=21&m=270 y Pk NJ,)
    1898 - A hurricane struck the Georgia coast washing away Campbell Island.
    1919 - President Wilson suffered a stroke that left him partially paralyzed and Vice-President Thomas R. Marshall was urged to assume the presidency but he refused. It was reported Mrs. Wilson became the secret acting president.
    1928 – African-American DeFord Bailey cut eight masters at Victor Records Studios in Nashville. Three songs were issued, marking the first studio recording sessions in the place now known as Music City, USA. On December 6, 1925, DeFord won second place with his rendition of "It Ain't Gonna Rain No More" in a French harp contest on radio station WDAD. Soon after, Bailey made his first appearance on WSM Radio, after overcoming some racial opposition from the station's director. The young black performer was given the title "Harmonica Wizard." Bailey played a role in the naming of the "Grand Ole Opry." In 1926, the WSM Barn Dance followed an hour of symphonic music, and one evening its programming concluded with a selection by a young composer from Iowa reproducing the sound of a train. Bailey opened the country music program with his rendition of "Pan American Blues." The difference in the musical genres caused the director, George D. "Judge" Hay, to observe, "For the past hour we have been listening to music taken largely from grand opera; from now on we will present 'The Grand Ole Opry.'" Bailey toured with other stars of the Opry, including Roy Acuff, Uncle Dave Macon, Bill Monroe, and others. During his travels throughout the South in the 1930s, he was well received by the country music public, although racial segregation laws caused Bailey problems in hotels and restaurants. To get a hotel room, on some occasions either he posed as a baggage boy for the white performers or pretended to be Uncle Dave Macon's valet. In April of 1927, Bailey teamed with the black Golden Echo Quartet to make his first recordings of "Pan American Express" and "Hesitation" for Columbia Records in Atlanta. The Columbia recordings were never released. Two weeks later he recorded eight titles for Brunswick label in New York. On October 2, 1928, DeFord recorded for Victor records during a Nashville session. "Ice Water Blues/Davidson County Blues" became so popular that the Victor label released it three times.
http://www.tnstate.edu/library/digital/bailey.htm
http://www.tnstate.edu/library/digital/bailey.htm
    1928-Birthday of George “Spanky” McFarland actor.
http://www.classicmoviekids.com/mcfarland.htm e Rascals), Dallas, TX
http://us.imdb.com/Name?McFarland,+George+'Spanky
    1929 - October 2, Guitarist Howard Roberts Birthday http://www.riffinteractive.com/expguitar/HowardRoberts1.htm
http://www.utstat.utoronto.ca/mikevans/hroberts.html
http://www.utstat.toronto.edu/mikevans/hroberts/sounds/discography.html
http://www.utstat.toronto.edu/mikevans/hroberts/sounds/side70s.html
    1929- Birthday of Moses Gunn.. The 1981 winner of the NAACP Image Award for his performance as Booker T. Washington in the film Ragtime was born at St. Louis, MO. His appearances on stage ranged from the title role in Othello to Jean Genet's The Blacks. He received an Emmy nomination for his role in Roots and was awarded several Obies for off-Broadway performances. On film he appeared in Shaft and The Great White Hope. He died Dec 17, 1993, at Guilford, CT.
    1929 - "The National Farm and Home Hour", which gave rural Americans information about farm products, growing crops, farm animal care and useful household tips, debuted on NBC radio. "The Stars and Stripes Forever" opened the show. Don Ameche and Raymond Edward Johnson were featured, along with music and entertainment by The Cadets male quartet, Jack Baus and The Cornbusters and Mirandy of Persimmons Holler. "The National Farm and Home Hour" was sponsored by Montgomery Ward (or, Monkey Ward's, as we used to call it).
    1933 - "Red Adams" was heard for the first time on NBC radio. Later, the program was retiled, "Red Davis" (starring Burgess Meredith), "Forever Young" and, finally, "Pepper Young's Family" (starring Mason Adams). Radio listeners kept listening through all the changes until 1959.
    1932-Birthday of former baseball manager and player Maurice Morning “Maury” Wills, born Washington, DC.1935-Birthday of Robert H. Lawrence, Jr. He was named the first black astronaut when he was selected by the Air Force for space flight training in 1966. Born in 1935 on Chicago's South Side, Lawrence graduated from Englewood High School and earned a B.S in chemistry from Bradley University in 1956. He joined the Air Force and completed a doctorate in physical chemistry at Ohio State University. He died in a plane crash on Dec. 8, 1967, at Edwards Air Force Base in California before the start of his space mission. On August 30, 1983, Guion (Guy) S. Bluford, Jr. became the first black American astronaut to make a space flight. Robert H. Lawrence School in Chicago's Jeffrey Manor neighborhood is named in his memory . 966. Born, Jr.
http://www.floridatoday.com/space/explore/stories/1997b/102897b.htm
http://stargate.1usa.com/stamps/articles/artic006.htm
    1937 - Ronald Reagan, just 26 years old, made his acting debut with the Warner Brothers release of "Love is in the Air".
    1939 - "Flying Home" was recorded by Benny Goodman and his six-man-band -- for Columbia Records. It became his “signature” tune. He had two black musicians, Teddy Wilson on piano and Lionel Hampton on vibraphone. Goodman was the first to break the white-black musician barrier in the early 1930's and the first major band and group to include both black and white musicians playing together, especially in lead positions.
    1944--CARR, CHRIS (name legally changed from CHRISTOS H. KARABERIS, under which name the medal was awarded) Medal of Honor Rank and organization: Sergeant, U.S. Army, Company L, 337th Infantry, 85th Infantry Division. Place and date: Near Guignola, Italy, 1-2 October 1944. Entered service at: Manchester, N.H. Birth: Manchester, N.H. G.O. No.: 97, 1 November 1945. Citation Leading a squad of Company L, he gallantly cleared the way for his company's approach along a ridge toward its objective, the Casoni di Remagna. When his platoon was pinned down by heavy fire from enemy mortars, machineguns, machine pistols, and rifles, he climbed in advance of his squad on a maneuver around the left flank to locate and eliminate the enemy gun positions. Undeterred by deadly fire that ricocheted off the barren rocky hillside, he crept to the rear of the first machinegun and charged, firing his submachine gun. In this surprise attack he captured 8 prisoners and turned them over to his squad before striking out alone for a second machinegun. Discovered in his advance and subjected to direct fire from the hostile weapon, he leaped to his feet and ran forward, weaving and crouching, pouring automatic fire into the emplacement that killed 4 of its defenders and forced the surrender of a lone survivor. He again moved forward through heavy fire to attack a third machinegun. When close to the emplacement, he closed with a nerve-shattering shout and burst of fire. Paralyzed by his whirlwind attack, all 4 gunners immediately surrendered. Once more advancing aggressively in the face of a thoroughly alerted enemy, he approached a point of high ground occupied by 2 machineguns which were firing on his company on the slope below. Charging the first of these weapons, he killed 4 of the crew and captured 3 more. The 6 defenders of the adjacent position, cowed by the savagery of his assault, immediately gave up. By his l-man attack, heroically and voluntarily undertaken in the face of tremendous risks, Sgt. Karaberis captured 5 enemy machinegun positions, killed 8 Germans, took 22 prisoners, cleared the ridge leading to his company's objective, and drove a deep wedge into the enemy line, making it possible for his battalion to occupy important, commanding ground.
    1945-Ten year old Elvis Presley makes his first public appearance in a talent show at the Mississippi-Alabama Dairy Show singing "Old Shep". He won 2nd place and 5 dollars.
    1945-Birthday of singer/songwriter Don McLean, New Rochelle, NY.
http://www.don-mclean.com/
http://rupertsrecords.tripod.com/intro.htm
    1946-Birthday of singer Freddie Jackson, Harlem, NY.
http://www.delafont.com/music_acts/freddie-jackson.htm
    1946-Birthday of accordion player Jo-EL Sonner, Rayne, LA
http://www.texas-sounds.com/artists/joelsonnier/joelsonnier.htm
http://www.louisianamusicfactory.com/showoneprod.asp?ProductID=185
http://www.karmaking.com/artists/flying_buritos/buritos_music.htm
    1947- Yogi Berra becomes first to pinch hit a world series homer.
http://www.sportingnews.com/archives/worldseries/1947.html
http://www.thebaseballpage.com/past/pp/berrayogi/
http://rinkworks.com/said/yogiberra.shtml
    1948- Donna Karan born Forest Hills, NY - U.S. fashion designer, responsible for the Murphy Brown look - the mix and match wear in soft fabrics in muted colors that allowed an active woman to move comfortably and stay neat all day. She had two terms as chief designer for the Anne Klein line before breaking off to form her own line. Her first stock offering topped $160 million.
http://www.hkbu.edu.hk/~samho/bba/chan-joa/designer.htm
http://aolsvc.aol.teachervision.fen.com/ipa/A0762321.html
http://www.donnakaran.com/
    1949-Birthday of Annie Leibovitz - U.S. photographer. AL made her greatest early impact as chief photographer of Rolling Stone, 1973-83. She was winner of the advertising Clio award 1988. Her photographs are often the ones historians use to illustrate the 60s and 70s culture. Like so many of the "hippy" generation, she graduated to "yuppy" and is now one of the leading photographers of such publications as Vanity Fair. She recently won a judgment to keep all her copyrights, about to lose them in a debt settlement.
    1949 - “Hennnnnnreeeeee! Henry Aldrich!” “Coming, Mother!” The popular radio program, "The Aldrich Family", became one of TV's first hits, as the longtime radio show appeared on NBC-TV for the first time. In addition to being a successful radio transplant, "The Aldrich Family" scored another distinction -- being the very first TV sitcom (situation comedy).
    1950—Top Hits
Goodnight Irene - The Weavers
La Vie En Rose - Tony Martin
All My Love - Patti Page
Goodnight Irene - Red Foley-Ernest Tubb
    1950- This comic strip featured Charlie Brown, Lucy, Linus, Sally, Peppermint Patty and Charlie's dog Snoopy. The last new Peanuts strip was published Feb 13, 2000.
    1950- "Lux Video Theater," James Mason, Otto Kruger and Gordon MacRae hosted this half-hour dramatic anthology series that aired for seven years on both CBS and NBC. Its famed guest stars included: Robert Stack in "Inside Story" (1951); Peter Lorre in "The Taste" (1952); Grace Kelly in "A Message for Janice" (1952); Edward G. Robinson in "Witness for the Prosecution" (1953) and Esther Williams in "The Armed Venus" (1957). 1953- Brooklyn Dodger Carl Erskine strikes out 14 Yankees in the 50th World Series.
http://www.pubdim.net/baseballlibrary/ballplayers/E/Erskine_Carl.stm
http://www.baseball-almanac.com/players/player.php?p=erskica01
    1954- "The Jimmy Durante Show" premiered on TV. Affectionately known as "The Schnozz," Durante hosted a Saturday night variety show with his former vaudeville partner, Eddie Jackson, pianist Jules Baffano and drummer Jack Roth. It alternated with "The Donald O'Connor Show" on NBC and aired for two years.
    1954-“The George Gobel Show” premiers on TV. George Gobel hosted this comedy-variety show for five years on NBC. Chanteuse Peggy King and Jeff Donnell were also on the show, with Eddie Fisher as “permanent guest star.” In 1959 Gobel switched networks to CBS and appeared for a year with Joe Flynn, Anita Bryant and Harry von Zell. He played Las Vegas, Nevada very often.
    1955- "Alfred Hitchcock Presents" premiered on TV.. Alfred Hitchcock was already an acclaimed director when he began hosting this mystery anthology series that aired on CBS and NBC for 10 years. Each episode began with an introduction by Hitchcock, the man with the world's most recognized profile. Hitchcock directed about 22 episodes of the series. Robert Altman was also a director for the series. Among the many stars who appeared on the show are:
Barbara Bel Geddes, Brian Keith, Gena Rowlands, Dick York, Claris Leachman, Joanne Woodward, Steve McQueen, Peter Lorre, Dick Van Dyke, Robert Redford and Katherine Ross.
    1957- Specialty Records releases "Bony Maronie" backed with "You Bug Me, Baby," by Larry Williams. "Bony Maronie" peaks at #14 on the pop chart. ("I got a girl and her name is Bony Maronie, she's as skinny as a stick of macroni--bom-bom-bom-arat-ta)
    1957-After a heated argument with her father, Connie Francis reluctantly records "Who's Sorry Now" in two takes. Although she doesn't like the song at all, record buyers feel differently and by the following March, it would become her first hit, reaching number 4 in the US and number 1 in the UK.
    1958-At a press conference in Germany, a reporter asks Elvis if he is afraid of being forgotten by music fans while he is in the Army. Presley responds "It makes you wonder, but if people forget me, I can't complain. I had it once."
    1958—Top Hits
It's All in the Game - Tommy Edwards
Rock-in Robin - Bobby Day
Tears on My Pillow - Little Anthony & The Imperials
Bird Dog - The Everly Brothers
    1959 - A tornado struck the town of Ivy, VA (located near Charlottesville). Eleven persons were killed, including ten from one family.
    1959- "The Twilight Zone" went on the air with these now-familiar words: "There is a fifth dimension, beyond that which is known to man. It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fear and the summit of his knowledge. This is the dimension of imagination. It is an area which we call ‘ The Twilight Zone'." The anthology program ran five seasons for 154 installments, with a one-year hiatus between the third and fourth seasons. It now is considered to have been one of the best dramas to appear on television. It was created and hosted by Rod Sterling. He lived down the street from us in the Pacific Palisades. My father Lawrence Menkin wrote several of the episodes. He used to give Rod Sterling a hard time, calling him a "hog" for writing most of them. Sterling would get a kick out of this from my father who was a big man, six foot four, and Sterling was thin and about five foot four tall. I used to babysit for him. The last episode was telecast on Sept 31, 1965. 1961- Robbie Nevil rocker
http://www.radio101.it/soul/arnvl.html
http://www.robbienevil.com/
    1960-"Stay" by Maurice Williams and the Zodiacs, enters the R&B chart and peaks at #3. On the pop chart, it climbs to Number One and popularizes the beach sound of the Carolina beach resorts.
    1961 - “Ben Casey” premieres on television, competing with Dr. Kildare, starring Richard Chamberlain . The second year, it overtook Dr. Kildare in ratings, running for five years and 153 episodes starring Vince Edwards as Dr. Ben Casey, Sam Jaffe as Dr. David Zorba, Franchot Tone as Dr. Freeland and Bettie Ackerman as Dr. Maggie Graham. He was a friend of my father's very good friend and actor ( can't remember his name right now), who found himself “typecast” as an actor, tried singing, and had gone from nobody to a great TV star, and then back to a “nobody,” he felt; brooding about it, almost obsessed, as I remember. Vince Edwards died of cancer March 12, 1996
http://timvp.com/bencasey.html
http://www.celebhost.net/vinceedwards/casey1.html
http://www.celebhost.net/vinceedwards/casey3.htm
http://www.meninmovies.com/vince_edwards.html l
http://www.canoe.ca/JamMoviesArtistsE/edwards_vince.html
    1961-Vanguard Records releases the album "Volume Two" and the single "Banks of the Ohio" by 22 year old Joan Baez. She will go on to be one of the most popular and outspoken protest singers of the '60s.
    1962- Frank Sinatra records with Count Basie, Los Angeles, Reprise Records FS 1008
    1964---Protest Rally Continues Against UC Berkeley (I was there as a reporter for KFRC-News, San Francisco.) Some 450 police assemble on campus to undertake removal of police car and Weinberg, still immobilized by seated crowd; University officials, including President Kerr, members of faculty and student leaders meet, agree to discuss differences. Police leave; demonstrators disperse. Weinberg booked, but released as University, in accordance with agreement, does not press charges ...from The Diggers
    1965-The Who, The Four Tops and Gerry and the Pacemakers all appear on the US TV show, Shindig!
    1965--The Beatles concert in the Cow Palace. Pandemonium broke out as fans rushed the stage. The Fab Four waited backstage until the frenzy diminished. It was so bad that the Pranksters had to leave halfway through. Booze, joints, you name it was everywhere. It seems not only did people arrive early, they left late, many falling asleep all over the place, so many, the police did very little, but the first aid station was overwhelmed. The only band you can really hear at the Cow Palace with this type crowd was AC/DC.
    1965- Pope Paul VI named the Very Reverend Bishop Harold Robert Perry of Lake Charles, LA, as the auxiliary bishop of the Archdiocese of New Orleans. He was the very first Catholic bishop who was an African-American . He was consecrated in the Basilica of St. Louis, New Orleans, LA, on January 6, 1966, and was the pastor of the New Orleans Parish of St. Theresa of the Child of Jesus, Society of the Divine Word.
    1965 - The McCoys' "Hang on Sloopy" hit #1 in the U.S. The song snuck in at number one for one week, between "Eve of Destruction", by Barry McGuire and "Yesterday", by The Beatles.
    1965-The Who make their U.S. TV debut on "Shindig!" performing "I Can't Explain." Also on the show are the Four Tops and Gerry & the Pacemakers.
    1965-Soul Singer Fontella Bass' "Rescue Me" enters the Hot 100. It remains on the pop charts for thirteen weeks where it peaks at Number Four.
    1966-Top Hits
Cherish - The Association
Beauty is Only Skin Deep - The Temptations
Black is Black - Los Bravos
Almost Persuaded - David Houston
    1966 - Sandy Koufax, in great pain from an arthritic elbow, won 27 games and, for the third time in four years, led the Los Angeles Dodgers to the National League pennant. However, the Baltimore Orioles swept the Dodgers 4-0 in the World Series that year.
    1967- Thurgood Marshall, appointed by President Lyndon B. Johnson, was sworn in as associate justice of the U.S. Supreme Court. Marshall was the first black Supreme Court justice and served until his retirement on June 27, 1991, at the age of 82. He had served in the U.S. Second Circuit Court of Appeals (1961-1965) and as U.S. Solicitor General (1965-1967). Justice Marshall died on January 24, 1993.
1930 Mr. Marshall graduates with honors from Lincoln U. (cum laude)
1933 Receives law degr ee from Howard U. (magna cum laude); begins private practice in Baltimore
1934 Begins to work for Baltimore branch of NAACP
1935 With Charles Houston, wins first major civil rights case, Murray v. Pearson
1936 Becomes assistant special counsel for NAACP in New York
1940 Wins first of 29 Supreme Court victories (Chambers v. Florida)
1944 Successfully argues Smith v. Allwright, overthrowing the South's "white primary"
1948 Wins Shelley v. Kraemer, in which Supreme Court strikes down le gality of racially restrictive covenants
1950 Wins Supreme Court victories in two graduate-school integration cases, Sweatt v. Painter and McLaurin v. Oklahoma State Regents
1951 Visits South Korea and Japan to investigate charges of racism in U.S. armed forces. He reported that the general practice was one of "rigid segregation".
1954 Wins Brown v. Board of Education of Topeka, landmark case that demolishes legal basis for segregation in America
1961 Defends civil rights demonstrators, winn ing Supreme Circuit Court victory in Garner v. Louisiana; nominated to Second Court of Appeals by President J.F. Kennedy
1961 Appointed circuit judge, makes 112 rulings, all of them later upheld by Supreme Court
(1961-1965)
1965 Appoint ed U.S. solicitor general by President Lyndon Johnson; wins 14 of the 19 cases he argues for the government (1965-1967)
http://memory.loc.gov/ammem/today/oct02.html
http://chnm.gmu.edu/courses/122/hill/marshall.htm
http://www.ai.mit.edu/~isbell/HFh/black/events_and_people/html/
001.thurgood_marshall.html
    1968- Bob Gibson of the St. Louis Cardinals struck out 17 Detroit Tigers, a record, in the first game of the World Series. The Tigers recovered to win the Series in seven games.
    1968-Redwood National Park established.
    1969---NOVOSEL, MICHAEL J. Medal of Honor Rank and organization: Chief Warrant Officer, U.S. Army, 82d Medical Detachment, 45th Medical Company, 68th Medical Group. Place and date: Kien Tuong Province, Republic of Vietnam, 2 October 1969. Entered service at: Kenner, La. Born: 3 September 1922, Etna, Pa. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. CWO Novosel, 82d Medical Detachment, distinguished himself while serving as commander of a medical evacuation helicopter. He unhesitatingly maneuvered his helicopter into a heavily fortified and defended enemy training area where a group of wounded Vietnamese soldiers were pinned down by a large enemy force. Flying without gunship or other cover and exposed to intense machinegun fire, CWO Novosel was able to locate and rescue a wounded soldier. Since all communications with the beleaguered troops had been lost, he repeatedly circled the battle area, flying at low level under continuous heavy fire, to attract the attention of the scattered friendly troops. This display of courage visibly raised their morale, as they recognized this as a signal to assemble for evacuation. On 6 occasions he and his crew were forced out of the battle area by the intense enemy fire, only to circle and return from another direction to land and extract additional troops. Near the end of the mission, a wounded soldier was spotted close to an enemy bunker. Fully realizing that he would attract a hail of enemy fire, CWO Novosel nevertheless attempted the extraction by hovering the helicopter backward. As the man was pulled on aboard, enemy automatic weapons opened fire at close range, damaged the aircraft and wounded CWO Novosel. He momentarily lost control of the aircraft, but quickly recovered and departed under the withering enemy fire. In all, 15 extremely hazardous extractions were performed in order to remove wounded personnel. As a direct result of his selfless conduct, the lives of 29 soldiers were saved. The extraordinary heroism displayed by CWO Novosel was an inspiration to his comrades in arms and reflect great credit on him, his unit, and the U.S. Army.
    1971-John Lennon's "Imagine" LP enters the chart as does The Beach Boys' "Surf's Up" LP.
1971-Rod Stewart enjoyed a two sided, US number one record with "Maggie May / "Reason To Believe".
    1971-Soul Train, a new, weekly TV show that showcased current R&B artists, makes its debut in the US. The first broadcast featured Gladys Knight and The Pips, Eddie Kendricks and Honey Cone.
    1974-Top Hits
Rock Me Gently - Andy Kim
I Honestly Love You - Olivia Newton-John
Nothing from Nothing - Billy Preston
I'm a Ramblin' Man - Waylon Jennings
    1975-W.T.Grant files for bankrupcy. After a year of desperately trying to revive its flagging fortunes, the once-mighty retailer W.T. Grant filed for bankruptcy on this day. Seeds of the company's collapse were planted in the mid-1960s, when management embarked on an ambitious growth program. The company decided to open a fleet of new stores and, after five years of rapid expansion, 410 super-sized Grant outlets had been built around the country. At the same time, Grant, which had traditionally stocked mainly inexpensive products, began to offer more of the pricier items usually sold at department stores. Unfortunately, the retail makeover only served to alienate Grant's clientele, who had relied on the stores for cheap goods. When a recession hit in 1974, the company was left with little in the way of customers or earnings. At the time it went belly-up, W.T. Grant was saddled with over $1 billion in debt, making it the nation's single biggest retailing failure.
    1976-John Belushi joins Joe Cocker on Saturday Night Live during the performance of "Feeling Alright". Belushi performs his exaggeratedly spastic imitation of Cocker and the crowd goes wild. After the show, Cocker says he's happy with Belushi's impression of him.
    1976-Rod Stewart's "Tonight's The Night" is released.
    1977- When Dusty Baker hits his 30th homer of the season against the Astros' J.R. Richard, the Dodgers become the first team in major league history to have four players hit 30 or more home runs. He joins with Steve Garvey (33), Reggie Smith (32) and Ron Cey (30) to complete the foursome.
    1977--Gene Simmons receives a Platinum record for his solo LP, one of four released concurrently by the members of KISS. Simmons' charts the highest in the US, reaching #22.
    1977-After a month following what appeared to be an attempt to steal the body of Elvis Presley from Forest Hill Cemetary, both Presley's and his grandmother's bodies are moved to Graceland.
     1980- Larry Holmes retains WBC heavyweight title defeating Muhammad Ali
http://www.larryholmes.co.uk/index.htm
    1982-John Cougar's "Jack & Diane" hits #1 on the singles chart while .38 Special's "You Keep Runnin' Away" peaks at #38.
    1982---Top Hits
Jack & Diane - John Cougar
Eye in the Sky - The Alan Parsons Project
Somebody's Baby - Jackson Browne
Put Your Dreams Away - Mickey Gilley
    1982-Bruce Springsteen's "Nebraska" enters the rock albums chart at #24. Though the record, which consists mainly of solo acoustic songs, will receive virtually no radio play, it remains on the best-seller charts for several months.
    1982-The Clash's "Rock the Casbah" enter the Hot 100 at #90. It eventually makes the pop Top Ten and the funk-dub remix, "Mustapha Dance" makes the disco singles Top Ten, helping the group's latest album "Combat Rock" become it first golf and platinum LP.
    1982-Aerosmith's "Rock In A Hard Place" album enters the chart. The LP was recorded without guitarists Joe Perry and Brad Whitford.
    1982-Rush's "Signals" enters the LP chart.
    1985-Bruce Springsteen's "Born in the U.S.A." tour ends at the L.A. Coliseum.
    1986-The Everly Brothers are awarded a star on the Hollywood Walk Of Fame
    1988 - The games of the XXIV Olympiad closed at Seoul, Korea. The Soviet Union topped the medals tally with 132 (55 gold) against 102 medals for East Germany (37 gold) and 94 for the United States (36 gold). The Olympics were also profitable, with a surplus of $288 million. And the Games helped open new avenues of foreign trade and commerce to the isolated, but burgeoning, South Korean economy.
    1989 - Flooding due to thunderstorm rains in the southeastern U.S. on the last day of September and the first day of October caused the Etowah River to rise seven feet above flood stage at Canton GA. Thunderstorms produced up to ten inches of rain in northeastern Georgia, with six inches reported at Athens GA in 24 hours. One man was killed, and another man was injured, when sucked by floodwaters into drainage lines.
    1990-Top Hits
(Can't Live Without Your) Love and Affection - Nelson
Close to You - Maxi Priest
Praying for Time - George Michael
Jukebox in My Mind – Alabama
    1993- Rod Stewart's "unplugged" version of "Reason To Believe" hits #19 on the pop singles chart
    1993-Meat Loaf's "Bat Out of Hell II: Back Into Hell" enters the LP chart.
    2001- Slugging Sammy Sosa becomes the first player in baseball history to slug 60 home runs in three seasons. The Cubs' outfielder connects off Reds starter Lance Davis to reach the milestone.
    2002- Former Diamondback Alex Cabrera slams his 55th home run to tie the Japanese single-season home run mark. The 31-year-old Seibu Lion joins Sadaharu Oh (1964) Tuffy Rhodes (2001) in the record book.
    2004--Billy Joel got married to a woman who is just four years older than his daughter. The 55 year old piano man tied the knot with Katie Lee, a 22 year old cooking student that he had been dating for about a year. They are now divorced.
    2004-- Jeff Kent hits two round-trippers to become the all-time home run leader of second basemen. The Astros infielder records his 278th dinger and 302nd overall to break Ryne Sandberg's major league record established in 1997.

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live