Pictures from the Past -- 1991
Sudhir Amembal

Sudhir Amembal, author, lecturer, equipment leasing
 International guru.

“He has conducted technical workshops and conferences on leasing in major cities throughout the world. As a consultant to the World Bank, he has spearheaded consulting engagements for the governments of Bosnia/Herezgovina, China, Croatia, Estonia, Indonesia, Korea, Kyrgyz Republic, Latvia, Lithuania, Macedonia, Mongolia, Nicaragua, Poland, Romania, Russia, Sri Lanka, Tajikistan, Turkmenistan, Uzbekistan and Yugoslavia. These engagements required him to review the overall leasing industry in each country and devise strategic recommendations to facilitate growth of the industry.

“As a publisher and author he has published 10 and co-authored 14 books on leasing including the international bestseller, ‘The Handbook of Equipment Leasing.’ He has recently co-authored and published two books Operating Leases, including: ‘The Complete Guide and International Leasing’.”

 

Today

Sudhir Amembal
Amembal & Halladay

 

Shawn Halladay

Second Annual China Leasing Forum

September 24 – 25, 2015
TIANJIN, CHINA

Conference Preview: The first-ever of its kind held in China, the First Annual China Leasing Forum was co-organized by A&H along with its Chinese business partner, New Finance Union. Held in Tianjin, China on September 19 – 20, 2014, the Forum attracted nearly 400 lessors, government officials, banks, students, and members of the media.

The Forum consisted of a unique blend of general assemblies supplemented by hands-on parallel sessions that addressed specific concerns and questions of the attendees. Speakers included Chinese leasing luminaries, local government representatives, and prestigious speakers from the US and other parts of the world.

One of the unique benefits of the Forum is that global leasing experts not only provide insight into how their own markets matured, but the Chinese speakers add tremendous value by presenting pragmatic domestic solutions. The Forum is the leading event of its kind in China and allows Chinese leasing professionals to learn from experts, interact with one another, and network.

www.amembalandhalladay.com

 

 

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Light Attendance at NAELB Atlanta Conference
Report by Dwight Galloway, CLFP

The National Association of Equipment Leasing Brokers’ Regional meeting in Atlanta did not attract many “new” brokers but numerous former presidents and board members were present. The actual attendance was 102 with 39 brokers and 63 Funders/Associates.

Several of the presentations were highly informative and extremely well received by the veteran attendees.  Of course, there was the usual side range of funders and service members.  The brokers who could have attended but did not, missed an opportunity to benefit from the presentations and especially from the wealth of knowledge available through the expert brokers and long-time funders. 

As Gerald Oestreich, a NY broker for decades, said, “I just don’t understand why every broker doesn’t attend at least one meeting a year, I always come away with something that helps me do more business and earn more money”.

Dwight Galloway, CLFP
Senior V.P. Broker Operations
RLC Funding, a Division of
Navitas Lease Corp.
dgalloway@RLCfunding.com
803-566-8245 Ext. 302

 

 

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In California, You had better have a license to lease
by Kenneth C. Greene, Esq.

In considering leases across the United States, the laws regarding usury, handling of "advance payments," "commitment fees," "deposits" and being "licensed," vary quite a bit. Unlike real estate agents, CPA's, and attorneys, many states do not require that a "broker" or "funder" be licensed, unless it is another type of entity governed by banking or financing regulations. Ignorance is considered bliss until they wind up in court.

Originally, most leases were "tax" leases, not "accounting" leases, which meant that they were treated as if the lessor was the owner of the equipment and thus entitled to depreciation or tax investment credits (remember that in the old days). FASB came along and the alleged abuse of "tax shelters" changed that. Commercial Code Section 2A defined it even further.

Most leases were then considered, for tax purposes, to be really "finance" leases with full payouts. Many also included a “bonus” at the end called a "residual." Somehow the $1.00 purchase option became popular, perhaps because it made it easier for the lessor to borrow against a portfolio or to "discount" the lease to another source. Today Equipment Finance Agreements and “Business Loans” or “Working Capital Loans” have become popular as ACH allows them to take out daily payments, increasing the yield as well as making it less painful for the payee.

The lease was initially popular because the monthly payments were “lower,” since the residual at the end was in essence absorbing the decrease in the stream of payment cost. Discounting the interest and then applying it to the fixed purchase option or "fair market value" resulted in a lower monthly payment than a loan. Also a lessor could offer an even lower payment by factoring in the depreciation "profit." Leases were simpler.

In the subprime lease market places, companies such as Avco, Budget and Foothill Finance would charge first and last plus the residual, most often at ten percent, at the beginning of the contract. In addition to the "in advance interest," the security deposit and purchase option were actually additional profit as the rate did not change. For tax purposes, these transactions were treated as “loans”.

For legal purposes, however, particularly in bankruptcy court, the companies claimed that the agreements were leases, and that the equipment was owned by them, rather than a part of the company’s assets. This enhances the rights of a creditor in a bankruptcy case in several respects, and generally improves the possibility and size of a recovery.

The government entities, including the courts, originally looked at leasing as they did “rental" agreements such as vehicle leases, where the value was at the end. As the rules changed both for tax  and accounting (which is often quite the opposite of the legal definitions), those involved in leasing were not considered lenders requiring regulation regarding either what they charged or the "interest" profit, as they were purportedly the "owners" of the equipment, not lenders in the traditional sense.

It is amazing, in light of recent rulings, that leasing companies can securitize a portion of the lease stream and that more so-called operating leases are not more popular in the small to middle size marketplace.

There are more and more companies today that are looking toward the residual and only financing 80% of the cost to attempt to meet the FASB leasing requisites. Investors float the 20% and other costs, while the bank or lending institution bears the 80%, often on a non-recourse basis, depending on the value of the equipment and its residual.

In the largest populated state of the union, California, in which one of every eight people in the United States live, the rules are the toughest for those who want to engage in financing. The state requires all those who are engaged in the practice, from referrers to those who actually fund, to have a finance lender's license. Banks and some others are exempt from being licensed; however, they must do business with only those who hold the license.

Leasing News has written about this since they started, and has on its
web site:

“Unless you are doing ‘true,’ ‘tax’ or real ‘operating leases,’ such as a rental yard would do, the transactions you are involved in are in 'jeopardy' as well as your company and yourself. That is not an opinion. It is a fact. Editor. ($300 application fee, with includes a $100 investigation fee, annual assessment $250+ per location. You need a clean record, a $25,000 net worth, and provide a $25,000 Surety bond, (usually $250 a year or $700 for three years from most insurance agencies) plus pay a fee and abide by all the laws, plus have the recommendation of three licensed individuals or companies. All requirements and procedures are spelled out on the application. You should consult an attorney before submitting it, or perhaps to help in completing the form. You apply as a “lender” or as a “broker” or both.

Here is the application
http://www.dbo.ca.gov/forms/Finance_Lenders/DBO_CFLL_1422.pdf

1.  California SB 197 Passed by Assembly
    Waiting for the Governor's Signature
   http://leasingnews.org/archives/Sep2015/9_14.htm#sb 

Law Offices of Kenneth Charles Greene
5743 Corsa Avenue Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
Skype: 424.235.1658
ken@kengreenelaw.com kenlaw100@gmail.com

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California Court of Appeal Clarifies Lender’s Right
to Assign Loans to Non-Licensed Lenders

by Tom McCurnin
Leasing News Legal Editor

The Financial Code Allowed Assignment to “Institutional Investors,”
 But Did Not Prohibit Assignment to Non-Licensees. 
Court Clarified Right of Licensee to Do So

Montgomery v. GCFS, Inc., 237 Cal. App. 4th 724 (2015)

Assignee of consumer debt brought action against borrower for payment on the debt. Borrower cross-complained against assignee, prior owners of the debt, and their alleged principals for violations of the Finance Lenders Law.  The borrower claimed that any assignment must be to a licensed Financial Lender.  California Court of Appeals, in a reported decision, held that a licensed lender was not required to restrict assignments to only licensed lenders. 

The California Financial Code § 22340(a) provided permission of a licensee to sell obligations to an institutional investor.  The Code was silent as to whether a licensee was prohibited from selling deals to a non-licensed entity.  I have taken the position in the past that this might be a problem, because transfers to non-licensees were not specifically authorized.  But I was not convinced that it was per se illegal to transfer loans to non-licensees.

The California Court of Appeal has come to the rescue and held that section 22340(a) does not prohibit a finance lender from selling loan to a party other than an institutional investor or another finance lender.  The basis of the ruling was the free transferability of commercial paper and the fact that usury laws were not offended by the transfer. 

What are the takeaways here?

•  First, for those ultra conservative practitioners who felt that the best course of action was to only assign to licensees and risk censure by the Department of Oversight, your worries are over.   You are now free to sell and assign leases to any person, firm or corporation. 

•  Second, the Court correctly noted that only the original lender needs to be licensed to have a usury exemption.  Subsequent assignees take the paper as they find it.  If the original lender was exempt, so is the assignee. 

At least for licensed lenders in the State of California, Christmas has come early.  Lessors are now free to assign their deals freely. 

Montgomery Case

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/Conscious-Top%20Stories/leasing_cases.html

 

(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)

 

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Leasing Industry Help Wanted

 

Press Release

WE'RE HIRING at Our Minneapolis Headquarters Credit Manager This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More Collections Representative This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More Please email cover letter and resume to: careers@channelpartnersllc.com

 

Join Our Incredible Sales Team The right candidate will have 5+ years of sales experience in the equipment finance industry, current relationships and opportunities, and experience originating, building, and managing vendor programs. For more information, and to find out if Quail is a good fit for you, click here. www.quailfinancialsolutions.com

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

Please see our Job Wanted section for possible new employees.  

 

Sales Make it Happen by Steve Chriest

Learn to Read and Understand Financial Statements

As a sales professional, there is at least one sure-fire way to increase your value to your company and to any organization - learn to read and understand financial statements.

Jessica Byrnes wrote to CFO magazine recently and said "There is not a single person working is a U.S. public company…who should not be able to read and understand a financial statement.” While this may be true, another reader, Dave Kosek, wrote that Ms. Byrnes was "…out of touch with reality." He continued, "I would bet that more than half of the people in management of our U.S. public companies cannot read or understand a financial statement, not to mention the people who actually do the work!"

An outsider might think that surely everyone in the equipment finance business would know all about financial statements, but that doesn't seem to be true. I am told, in fact, that a great many salespeople in the finance industry don't know much, if anything, about financial statements.

I think most managers would agree that many equipment finance salespeople don't need to become experts in reading financial statements. Unless a salesperson is coincidentally involved in structuring transactions that requires expertise in financial analysis, it may not be necessary to become an expert in analyzing financials, but understanding the basics of financial statements can't hurt professionally, and can help salespeople personally.

In keeping with my perspective that people change behaviors only when they perceive something beneficial in it for them to do so, here is my short list of the benefits to leasing salespeople of learning to read and understand financial statements:

- The ability to read and understand financial statements will make you appear smarter.
- You will build credibility in your organization with your managers, credit analysts and senior managers.
- You will build credibility with your customers as you demonstrate through analysis that you truly understand their business.
- You will save yourself gobs of time as you learn to pass on deals that you know will waste the time of credit analysts and will lead to frustration for everyone. 
- You will gain confidence and independence when making personal investment decisions.

From a selfish perspective, assisting credit analysts with an educated point of view on a deal, or saving them time by discarding deals that don't make the grade from a financial analysis perspective, will naturally position you in the eyes of the credit analysts as a professional who cares about their time and workload. Don't be surprised when most analysts are willing to listen to you when you want to present a deal that doesn't quite fit the credit box, but may deserve consideration based on other criteria.

Finally, achieving some level of expertise in understanding financial statements can actually be fun. When you understand that all businesses, sooner or later, suffer from commoditization and become white elephants that "profit" isn't the end-game of business, but is instead the ultimate cost of staying in business.  Without profits, and real free cash flow, a company is unable to continue the investments it must make to stay competitive and you begin to look at a company's financials with a different perspective. You may even come up with an idea no one else has thought of for keeping a business profitable or helping a business out of trouble.

If you are truly looking for a way to become a more valuable resource to your company, and to your customers, learn about financial statements. There are more resources than ever to help you learn, and you will profit professionally and personally!

Steve Chriest, CEO
Open Advance, Inc.
3201 Danville Blvd, Suite 185
Alamo, CA 94507
http://openadvance.com/
schriest@openadvance.com
(925) 263-2702 (Office)
(925) 570-5459 (Cell)
http://twitter.com/stevechriest

 

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Limited Time, Profit Analyst Course, Free
Offered by Steve Chriest

Register Free
http://www.openadvance.com/financial-literacy-for-everyone/

 

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Who Needs a Desk? Watch the Change

Richard M. Contino Joins 25 Most Influential Lawyers
in Equipment Finance and Leasing

Richard M. Contino is an internationally-recognized equipment leasing expert, with an extensive legal, business, marketing, tax, transaction structuring, financial and management background.  He is an advisor on all types of start-up and on-going equipment leasing business activities for lessors, lease lenders and syndicators, equipment vendors, lease investors and corporate lessees.  He is former General Counsel of De Lage Landen, Wayne, Pennsylvania, a subsidiary of The Rabobank Group, and the 14th largest equipment lessor in the U.S. Mr. Contino is the author of eight books on business, negotiating, and equipment leasing. He has conducted private on-site and publicly-held business success, communication, finance, and negotiation seminars throughout the United States for professional organizations (e.g., American Management Association, Equipment Leasing and Finance Association, Illinois Institute of Continuing Legal Education, National Seminars Group, Practicing Law Institute, and University of California Graduate School of Law) as well as corporations (e.g., AT&T, EXXON Corporation, NYNEX, and Texas Instruments Corporation). He is a retired JAG Captain, US Air Force.

List to Date

Most Influential Lawyers
in Equipment Finance and Leasing 

Stewart Abramson
Andrew Alper
Thomas V. Askounis
Julie Babcock
Joe Bonanno, CLFP
Bill Carey
James Coston, CLFP
Jonathan Fleisher
Kenneth Charles Greene, Esq.
Michael A. Leichtling
Malcolm C. Lindquist 
Barry Marks, Esq., CLFP
David G. Mayer
Frank Peretore
John G. Sinodis 
Ellen Michelle Stern
Mark Stout
Kevin Trabaris
Mark Wada 
Michael J. Witt
Irwin Wittlin

Our Legal Editor, Tom McCurnin, has recused himself
from any nominations.

Leasing News is looking for nominations for the Top 25 most preeminent lawyers in the finance and leasing business who are still active. This is not a popularity contest or who was the most beneficial, but most influential. We would like a nomination and a minimum of a paragraph of the reasons you consider this person one of the top 25.

"Influential" as "a person whose actions and opinions strongly influence the course of events." "Preeminent" is "eminent above or before others; superior; surpassing:" {Online Dictionary}

Please email nominations to kitmenkin@leasingnews.org

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

ELFA Appoints Heather Staverman
Director of Meetings and Exhibits

Washington, D.C. – The Equipment Leasing and Finance Association announces that Heather Staverman, CMP, has joined the organization as Director of Meetings and Exhibits, effective Sept. 10. In this position, Staverman will plan, manage, implement and promote several business development conferences, exhibitions and awards programs.

Staverman formerly worked at the American Society for Photogrammetry and Remote Sensing (ASPRS), in Bethesda, Maryland, where she was Assistant Director of Communications and Meetings Manager. During her successful tenure at ASPRS, Staverman led the daily operations for the events team, oversaw strategy and planning of meetings and special events and led various committees. Prior to ASPRS she was a Program Manager at the National Association of Home Builders in Washington, D.C. She has a bachelor’s degree in business management and marketing from Kansas State University and also holds the Certified Meeting Professional (CMP) certification from the Convention Industry Council.

William G. Sutton, CAE, ELFA President and CEO, said, “We are delighted to welcome Heather to the ELFA team. Her experience in event and program management will be a valuable asset as we continue ELFA’s strong tradition of delivering unparalleled business and professional development to the equipment finance community, which is a critical component of our value proposition.”

About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $903 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 580 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.

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

Marlin Business Services Declares Special Dividend
$2.00 per Share (Stock Goes Up after Announcement)

MOUNT LAUREL, N.J., -- Marlin Business Services Corp. (NASDAQ:MRLN) announced that its Board of Directors has authorized the declaration of a special dividend of $2.00 per share. The special dividend is payable on October 5, 2015 to shareholders of record as of September 24, 2015.  The Company's Board does not expect the special dividend to affect the payment of the regular quarterly dividends, which remain subject to Board approval.

Dan Dyer, Co-Founder, CEO and President

"Marlin's strong balance sheet and earnings capacity has put the Company in a position to return excess capital to our shareholders. Along with the Company's regular quarterly dividend and stock repurchase program, this special dividend further demonstrates our commitment to prudently manage capital and total shareholder return," said Daniel P. Dyer, Marlin's co-founder and Chief Executive Officer.

"The Company maintains a strong capital position and payment of the special dividend will not change that in any way, nor will it be an obstacle to our strategic growth plans," said W. Taylor Kamp, Marlin's Chief Financial Officer.

"The payment of additional cash dividends, coupled with our continued execution on the $15 million stock repurchase program authorized by the Board in July 2014, strongly reflect the Company's commitment to our shareholders and the Board's confidence in the Company's business strategy," said Mr. Kamp.

About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of commercial lending solutions for small and mid-size businesses. Through its wholly-owned operating subsidiary, Marlin Business Bank, Marlin provides innovative commercial financing programs. Our equipment financing and loan products are offered directly to businesses, and through third party vendor programs, which includes manufacturers, distributors, independent dealers and brokers. Since its inception in 1997, Marlin has extended credit to over a quarter of a million business customers. Our mission is to offer convenient financing products while providing the highest level of personalized customer service. Marlin is publicly traded (NASDAQ:MRLN). For more information about Marlin, visit www.marlincorp.com or call toll free at (888) 479-9111.

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

Chesapeake Bay Retriever Mix
Walnut Creek, California   Adopt-a-Dog

Panera
Female
5 Years old

"5-year-old Panera is a playful and energetic lady. She has a very bubbly and sweet personality and enjoys being near people. She would make an excellent companion and friend for any home. We recommend Panera take a Private Training class where she can start a new life with you with the best paw forward. She currently weighs 64 pounds.

"Panera's primary caregiver must be present for the adoption process. Family members 16 years and younger (including canine family members) are encouraged to participate as well. Please visit ARF's web site for more details about how to adopt any of ARF's cute canines."

Arf Animal Rescue Foundation
Adoption Hours at ARF
2890 Mitchell Drive
Walnut Creek, CA

Local (925) 256-1ARF (1273)
National (800) 567-1ARF (1273)

Contact eMail:
http://arf.convio.net/site/PageNavigator/contactus_lk14.html

Wednesday & Thursday
Noon - 6 pm
Friday
Noon - 7 pm
Saturday & Sunday
Noon - 6 pm
Early-bird sign-in Wed-Fri at 9 am

Adoption Requirements
https://www.arflife.org/adoption-process

Adoption Programs
https://www.arflife.org/adoption-programs

 

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

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Collector/Collections/Consultant/Communications

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
Collections: Dallas, Texas Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies.  800-886-8088.	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: 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 johnkenny2@verizon.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: Nationwide 25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development. Call: 610-246-2178, McCarthy Financial, LLC,David.mccarthy@mccarthy-financial.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. 50 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. 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

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

News Briefs---

Hewlett Packard to cut up to 30,000 jobs from enterprise unit
http://www.usatoday.com/story/tech/2015/09/15/hewlett-packard-cut-up-30000-jobs-enterprise-unit/72331176/

Export-Import Bank Standoff Cited as G.E. Shifts Jobs Abroad
http://www.nytimes.com/2015/09/16/business/economy/export-import-bank-general-electric-boeing.html?hp&action=click&pgtype=Homepage&module=second-column-region&region=top-news&WT.nav=top-news

Did Audi and Porsche just unveil Tesla killers?
http://www.sfgate.com/cars/article/Did-Audi-and-Porsche-just-unveil-Tesla-killers-6506176.php

Leasing equipment can be a smart move for financial health
http://www.rbj.net/article.asp?aID=219125

 

Join Our Incredible Sales Team The right candidate will have 5+ years of sales experience in the equipment finance industry, current relationships and opportunities, and experience originating, building, and managing vendor programs. For more information, and to find out if Quail is a good fit for you, click here. www.quailfinancialsolutions.com

 

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--You May Have Missed It

What America can learn from Germany’s high-speed trains
http://www.vox.com/energy-and-environment/2015/9/13/9308189/high-speed-rail

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SparkPeople--Live Healthier and Longer

Are You a Smart Snacker?
http://www.sparkpeople.com/resource/
assessment_questions.asp?quizid=70

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Baseball Poem

A little boy was overheard talking to himself as he strode through his backyard, baseball cap in place, while toting ball and bat.

"I'm the greatest baseball player in the world", he said proudly. Then he tossed the ball into the air, swung and missed.  

Undaunted, he picked up the ball, threw it into the air and said to himself, "I'm the greatest player ever!" He swung at the ball again, and again he missed.
 
He paused a moment to examine bat and ball carefully. 
Then once again he threw the ball into the air and said, 
"I'm the greatest baseball player who ever lived!"

He swung the bat hard and missed the ball yet again.

 "Wow!" he exclaimed. "What a pitcher!"

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Sports Briefs----

 

Dallas Cowboys Are the Most Valuable Team in the NFL-- and the World
http://www.foxbusiness.com/industries/2015/09/15/dallas-cowboys-are-most-valuable-team-in-nfl-and-world

Police: Man in Vikings jersey kicked, punched outside 49ers stadium
http://www.sacbee.com/sports/article35381430.html

Run and Hyde: Young runner has team winning like the 49ers of old
http://www.sacbee.com/sports/nfl/san-francisco-49ers/article35293815.html#emlnl=Morning_Newsletter

Eddie DeBartolo amazed in first visit to Levi’s Stadium
http://blogs.mercurynews.com/49ers/2015/09/14/eddie-debartolo-amazed-in-first-visit-to-levis-stadium/

Levi’s Stadium app adds more ticketing, social media features for 2015 season
http://www.mobilesportsreport.com/2015/09/levis-stadium-app-adds-more-ticketing-social-media-features-for-2015-season/

 

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California Nuts Briefs---

Study finds Sierra snowpack at 500-year low
http://www.sacbee.com/news/local/article35262120.html

Jerry Brown warns of mass migration in California if global warming continues
http://www.sacbee.com/news/politics-government/capitol-alert/article35247639.html

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“Gimme that Wine”

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

Valley fire destroys Lake County winery, burns vineyards
http://www.pressdemocrat.com/business/4478939-181/valley-fire-destroys-lake-county?gallery=4479162

Valley Fire Devastates Lake County Wineries and vineyards among casualties of California blaze
http://www.winesandvines.com/template.cfm
?section=news&content=157632

2015 Harvest in Northern California is Early and Light
http://linkis.com/www.winemag.com/Web-/uMWsq

Mendocino pinot noir takes the spotlight
http://www.dailydemocrat.com/general-news/20150914/on-wine-mendocino-pinot-noir-takes-the-spotlight/1

40,000 Euros of grapes stolen from Maison Etienne Guigal
http://www.decanter.com/wine-news/40000-euros-of-grapes-stolen-from-maison-etienne-guigal-274686/

Costco Heir Aims to Create New Napa Cult Wines
   in 1,403 Steps
http://www.bloomberg.com/news/articles/2015-09-14/costco-heir-aims-to-create-new-napa-cult-wines-in-1-403-steps

Washington wine industry continues incredible growth
http://www.greatnorthwestwine.com/2015/09/14/washington-wine-industry-continues-incredible-growth/

Wine Spectator Ninth Annual Video Contest
http://portal.criticalimpact.com/vm2/3e885a54a4f14e25/
25682/79267c297ccb6629c3d6b838967d376c

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

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

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

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