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Archives - September 25, 2000
Announcement Debbie Monosson Becomes President

1994, April, Western Association of Equipment Leasing
Conference, Monterey, California
(with John Colton)

Leasing News learned that on September 7 Debbie Monosson succeeded her father A. "Sonny" Monosson, who started Boston Financial and Equity in 1968.

His company was one of the first to take very high risk credits, specialize in high technology equipment to venture start-up companies. Its first client was NASA when it leased a DEC 780 computer to them. The U.S. Government only wrote one year leases at that point in time, and Boston Financial took the risk of getting the DEC 780 back after one year. That computer brought back the first photos of Mars and Venus for the world to see.

The press release says Debbie joined Boston Financial & Equity Corporation on September 11, 1989, as a National Accounts Executive. Debbie calling on Vendors, Venture Capitalists, Banks, Finance companies, and Leasing companies selling Boston Financial & Equity's High-Risk Leasing services. During those years and the following years, Debbie worked with the Credit department, the Advertising department, and the Accounting department.

Debbie is active in outside organizations in the financial community. She was elected to the Board of Directors of the Commercial Finance Association and subsequently to its prestigious "Executive Committee". (Note: 2008 she was Chairperson of the Commercial Finance Association, elected as the first female Chairperson).

During the same period of time, she became a Trustee of the Equipment Leasing & Finance Foundation and subsequently its Treasurer. Other business interests include the Massachusetts Institute of Technology Enterprise Forum, where she serves on their Board of Directors. In addition, her activity in the Eastern Association of Equipment Lessors resulted in her election to its Board of Directors.

Debbie was promoted to Vice President in 1982, Vice President of Marketing and Sales in 1993, Senior Vice President in 1996, and added the responsibilities of Clerk of Boston Financial & Equity Corporation in 1998. Debbie received her BS degree in Business from Skidmore College and an MBA from Boston University.

TODAY

Deborah Monosson
President & CEO Boston Financial & Equity Corporation
https://www.linkedin.com/pub/deborah-monosson/1/295/446

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

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Caterpillar to Cut More than 10,000 Jobs
Major Lessor of Construction Equipment to Cut $1.5 billion

Blaming the economic slowdown in China as well as "cheap oil," the Peoria, Illinois based Caterpillar Corporation announced it is cutting back, noting that mining and oil exploration companies are not purchasing or leasing heavy equipment; noting that 10% of its revenue comes from business in China.

Financial Times reports shares in Caterpillar declined 6 per cent to $65.79, and the news prompted a 3 per cent drop in the S&P 500 machinery sector, which has fallen 19 per cent this year.

According to the Caterpillar’s announcement, the consolidation may affect more than 20 plants, part of a plan that will save about $1.5 billion of operating costs annually and cost about $2 billion pre-tax.

Headcount was 111,247 in the second quarter. The elimination of 13,000 jobs in 2013 marked a 5.5 percent reduction at the time, according to data compiled by Bloomberg.

According to Challenger, Gray & Christmas, Caterpillar’s layoff announcement is the 12th largest this year.

The following chart was produced before this announcement of cutting back 5,000 employees by the end of next year, with 5,000 more expected through 2018.

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)

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ELFA Reports New Business Fell 18% from July --
August $6.9 Billion Compared to $8.2 billion in July

MLFI-25 New Business Volume (Year Over Year Comparison)
click to make larger
(Chart: ELFA)

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 31 ELFA member companies representing a cross section of the $903 billion equipment finance sector, showed their overall new business volume for August was $6.9 billion, down 7 percent from new business volume in August 2014. Volume was down 18 percent from $8.4 billion in July. Year to date, cumulative new business volume increased 6 percent compared to 2014. ELFA reported “This month’s MLFI reflects an adjustment in the list of companies participating in the survey.”

In the last ten years of the survey, August was down seven times, the
same one year, and twice improved, 2006 and 2010. Business routinely is down in the summer, compared to the month of June.

           June   July   August
2015    $9.5   $8.2 $6.9
2014    $9.0   $7.8 $7.2
2013    $8.6   $7.2 $6.4
2012    $8.0   $6.6 $6.9
2011    $7.3   $5.7 $5.7
2010    $5.5   $5.6 $4.3
2009    $5.2   $4.8 $3.7
2008    $8.4   $6.8 $5.3
2007    $9.1   $6.7 $6.9
2006    $8.1   $6.2 $6.5
2005    $4.96 $4.34 $4.28

Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index (MCI-EFI) for September is 61.1, easing from the previous month’s sharp rise of 67.4.

Credit approvals totaled 79.3 percent in August, up from 78.6 percent in July. Total headcount for equipment finance companies was up 7.4 percent year over year.

ELFA Charts:

Aging of Receivables:

click to make larger

Average Losses (Charge-offs) as a % of net receivables
(Year Over Year Comparison)

click image to make larger

Credit Approval Ratios As % of all Decisions Submitted
(Year Over Year Comparison)

click image to make larger

Total Number of Employees
(Year Over Year Comparison)

No List of companies who reported was provided by ELFA
for the month of August, 2015.

Participants in the June 2005 Monthly Leasing Index:

ADP Credit Corporation
Amsouth Leasing Corporation
Bank of America
Caterpillar Financial Services Corporation
CIT
De Lage Landen Financial Services
First American Equipment Finance
GreatAmerica Leasing
Hitachi Credit America Corp.
HP Financial Services
John Deere Credit Corporation
Key Equipment Finance
LaSalle National Leasing Corporation
Marlin Leasing Corporation
RBS Asset Finance
Siemens Financial Services
U.S. Bancorp Leasing & Financial
Verizon Capital Corporation
Wells

http://www.elfaonline.org/data/MLFI/MLI0605.cfm

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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

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.

Most Report Leasing Business Up in August
Much Optimism for the Rest of the Year in U.S.

Charles Anderson
CEO, Enverto Investment Group
CEO, IMCA Capital, LLC

"August was a record setting month for us driven by hiring and our new partnerships. Our headcount is up 300% Year Over Year."

John Boettigheimer
President/CEO
Centra Leasing/4 Hour Funding

"Business was good in August."

Dwight Galloway
SVP Broker Funding
RLC Funding
Columbia, South Carolina

"RLC’s app count was down July to August as was the fundings from approved backlog. Both apps and fundings have been increasing in September. The uncertainty caused by recent reports of instability in China and Europe leads to hesitation in buyers of equipment and especially those financing: when in doubt, be careful about spending cash and taking on debt."

Valerie Jester
President
Brandywine Capital Associates
West Chester, Pennsylvania

"August is traditionally not one of our stronger booking months –our year over year numbers were about the same. Our application volume was consistent but slower than the earlier parts of the summer. The stock market’s fluctuations have not helped our customers that were considering new project related equipment.

"We seem to be holding our own with replacement equipment and projects that were already in process. We are optimistic for the fourth quarter."

Alan Levine
President and COO
MADI$ON CAPITAL

"Our summer downturn has reversed and we are seeing a flood of apps and terrific larger opportunities. We are seeing larger transactions requiring hand holding and maybe not a fit for certain types of lenders. Also, the vehicle business, although off, is still steady and coming into the busiest time.

"In summation, we look for a terrific last 4 months and then carrying that to spring."

Paul J. Menzel, CLFP
President & CEO
Financial Pacific Leasing, Inc.,
a subsidiary of Umpqua Bank

"We hit our budget for August in production. App volume was up but average dollar size was down a little and the average quality was also down. I think the summer lull with the stock market correction as a backdrop probably is the reasoning. September seems to be picking up as expected."

Bob VanHellemont
Chairman of VFI
Director/CEO of PFSC

"VFI's August lease originations improved substantially over July (by over 20%) in both approvals and volume. We are having a very good September as well and have seen increased activity in our transaction pipeline that looks solid for the balance of the year. We have added a number of additional direct sales personnel in the last several weeks to better accommodate the increased activity."

Paul Witte
SVP, First Bank Richmond
Commercial Lending and Leasing Manager
First Federal Leasing

"Our application volume was up to its highest level in two years, but our approval ratio was slightly lower than normal. We had our largest funding month in a year based on strong application volume and approval ratios for the previous two months. We have exceeded our budgeted growth goals thus far for 2015 and look to finish the year on a strong note based on what our originators are telling us about their increased application activity."

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New Hires---Promotions in the Leasing Business
and Related Industries

Kirsten Althoff was hired as VP, Small Business Portfolio Manager for Bryn Mawr Trust, Bryn Mawr, Pennsylvania. Previously, she was AVP, Commercial Lending, The Bancorp (February, 2014 – September, 2015); Sr. Credit Analyst, Phoenixville Federal Bank &Trust (April, 2013 – February, 2014); Sr. Credit Analyst, PACCAR (April, 2011 – April, 2013); Underwriter, PNC (September, 2009 – April, 2011). Education: Mercyhurst University, Bachelor's Degree, Business Management, Finance (1997 – 2003).
https://www.linkedin.com/pub/kirsten-althoff/55/668/770

John Dilloughery was hired as Portfolio Asset Manager at First Financial Corporate Services, Inc., Placentia, California. Previously, he was Vice President Portfolio Management, Somerset Capital Group, Ltd. (April, 2014 – September, 2015); Portfolio Manager, California First National Bank (November, 1993 – February, 2013); Owner, Alltrac Computer Products, Inc. (1989 – 1993).
https://www.linkedin.com/pub/john-dilloughery/14/a56/53b

Raquel O'Leary, CLFP, promoted to Senior Vice President, Operations at Allegiant Partners Incorporated, San Rafael, California. She joined the subsidiary First Star Capital, September, 2011, as Operations Manager; promoted October, 2013 to Vice President Operations, Allegiant Partners. Previously, she was Staff Accountant, Fehr & Peers (September 2008–April 2009); Asst. Division Manager, Equipment Finance, First Republic Bank (April, 2007–September 2008); Funding Manager, Irwin Commercial Finance (May 2006–May 2007); Assistant Division Manager, Equipment Finance,
Bank of Walnut Creek (September 1999–September 2005); Financial Services Representative, Union Bank of California (1997–1999). Organizations: Certified Leasing and Finance Professional. Conference Chair, spring 2015, National Equipment Finance Association. Education: Mills College, B.A. Anthropology & Sociology (2002–2005)
https://www.linkedin.com/pub/raquel-o-leary-clfp/45/b00/91b

Joseph Pulicano was hired as Senior VP Technology Financing at Key Equipment Finance, Superior, Colorado. Previously, he was Managing Director, Technology International Business Line, BNP Paribas Leasing Solutions, based in Paris, France (September 2013–September 2015); EMEA Director, HCL AXON (January, 2008 – December, 2008); Group Director, Strategic Accounts, Logica (July, 2005 – February, 2008); Managing Director, UK Industry, Distribution & Transport (July, 2002 – July, 2005); Managing Director, France Industry, Distribution & Transport (January, 1997 – June, 2002). Languages: English. French. German. Italian. Education: Henley Business School Marketing, Sales, Management (1996 – 1997). Ecole supérieure de Commerce d'Amiens Picardie, DESCAF, Management, Marketing, Finance (1983 – 1986), Lycee Fustel, Strasbourg, BAC, Mathematics, Physics (1983).
https://www.linkedin.com/pub/joseph-pulicano/0/230/72

Melissa Scott was hired as Senior Business Development Manager,
Marlin Business Service; based in Charlotte, North Carolina. Previously, she was MidAtlantic Regional Sales Manager, GE Capital, (January 2013-August 2015); Expatriate Assignment Consultant, Cartus (July 2011–December 2012); Administrative Services Manager, City of Danbury (November 2009–July 2011); Senior Asset Manager, New Stream Capital (June 2007–November 2008); Vendor Finance Account Manager, GE Healthcare (June 2001–June 2007). Languages: Spanish. English. Certifications: Six Sigma - Green Belt, GE Capital (Starting June 2003). Volunteer: Christmas Project through GE Capital @ Salvation Army (December 2014–Present).
Education: Western Connecticut State University, Bachelor, Business Administration; Supervisory Management (1997–2001). (January 2009) Producer - Life, Accident/Health, Lic. No: 002324212. January, 2004: General Electric Green Belt. Western Connecticut State University, Bachelor of Business Administration (B.B.A.), Supervisory Management (1997–2001).
https://www.linkedin.com/pub/melissa-scott/34/104/995

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New "Same Day ACH" Goes into Effect Sept. 23, 2016
Receiving Wide Support

The new "Same Day ACH" rule is being supported by the Electronics Payments Association, Federal Reserve, Independent Community Bankers of America, and many other financial associations and groups

Janet O. Estep, president and CEO of NACHA:
“Same Day ACH is a game changer as it will enable new options for consumers, businesses and government entities that want to move money faster, and will serve as a building block for enabling payments innovation in the development of new products and services.”

The rule will be implemented in three phases. In Phase 1, ACH credit transactions will be eligible for same day processing, supporting use cases such as hourly payroll, person-to-person (P2P) payments and same-day bill pay. In Phase 2, same-day ACH debits will be added, allowing for a wide variety of consumer bill payment use cases like utility, mortgage, loan and credit card payments. Phase 3 introduces faster ACH credit funds availability requirements for RDFIs; funds from Same Day ACH credit transactions will need to be available to customers by 5 p.m. RDFI local time. Phase 1 will become effective September 23, 2016.

How it Works:
https://www.nacha.org/ach-network

Aggregate Funding Sources
(Online: connects lessees, lessors, and vendors)

Only one left now, from an original over 30 at the turn of the century. CapitalRelay claims a current network of 726 brokers.
A current network of 119 lenders.

http://www.capitalrelay.com

(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)

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Leasing Conferences -- Updates
Make Your Reservations Now

The Women in Leasing LinkedIn Group would like to cordially invite you to our October luncheon at Season’s 52 in Buckhead (Atlanta), Georgia on Wednesday October 7th, from 1:00pm – 3:30pm. The lunch is being co-sponsored by ECS Financial Services and Financial Pacific Leasing.

Space is limited to 40 attendees so if you would like to attend please RSVP no later than September 15th to Shari Lipski at 847.897.1711 or via email SLipski@ECSFinancial.com.

If you plan on attending the 2015 NEFA Funding Symposium, the restaurant is about two miles from the host hotel.

2015 Funding Symposium
10/7/2015 to 10/9/2015
Wed through Friday
J W Marriott Atlanta Buckhead Hotel
3300 Lenox Road Northeast
Atlanta, Georgia 30326
United States
Contact: Kim King
KKing@NEFAssociation.org
Phone: 847-380-5053

Funding Symposium Exhibitors To Date:
Advanced Recovery Systems
Amerisource Funding
Bank of the West
Blue Chip Leasing Corporation
Boston Financial & Equity Corporation
Bryn Mawr Funding
Business Credit Reports
Channel Partners Capital
CLFP Foundation
Cobra Capital, LLC
Collateral Specialists, Inc.
Conestoga Equipment Finance Corp
Dakota Financial, LLC
Dedicated Commercial Recovery, Inc.
ECS Financial Services, Inc.
EDA
Equipment Finance Advisor
Financial Pacific Leasing, Inc.
FirstLease, Inc.
FORA Financial
Funding Circle
Great American Insurance
IOU Central, Inc.
Leasepath
LeaseTeam, Inc.
Marlin Business Bank
MAXIM Commercial Capital, LLC
Merchant Cash Group
Monitor
North Mill Equipment Finance, LLC
Odessa Technologies, Inc.
Orange Commercial Credit
Pawnee Leasing Corporation
Quality Leasing Co., Inc.
Quitrak, Inc.
Rapid Advance
Recovery Industry Services, LLC
Red Bridge Capital
RLC Funding
RTR Services, Inc.
TradeRiver USA, Inc.
VFI Corporate Finance
Vision Commerce, Inc.
WBL

Full Information including pricing, schedule, and reservation:
http://nefassociation.site-ym.com/events/event_details.asp?id=594672&group=#

Dwight Galloway
SVP Broker Funding
RLC Funding
Columbia, South Carolina

Dwight Galloway will be covering the conference for
Leasing News with a report to follow for readers not attending.

2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX

809 individuals signed to attend to date with
four weeks to go.

Attendees
http://www.elfaonline.org/events/2015/AC/attend.cfm

Brochure with Schedule of Events
http://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll/view?DOCUMENTNUM=1147

Keynote Speakers
http://www.elfaonline.org/events/2015/AC/spkrs.cfm

ELFA President and CEO Woody Sutton invites you
to connect, engage and grow in San Antonio! (1:43)

The 2015 Fall Conference will be held at the Loews Don CeSar Hotel in St. Pete Beach, FL on November 4 through November 6, 2015.

Website states, "Registration opening soon!"

2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA

To reserve your room, visit
http://doubletree.hilton.com/en/dt/groups/personalized/S/SNACCDT-WRC-20151105/index.jhtml

Registration Now Open:
http://www.naelb.org/NAELB_Docs/2015%20Regional%20Meetings/
Western%20Regional%20Registration%20Form%202015.pdf

Exhibitors to Date
360 Equipment Finance
Amerisource Funding
Ascentium Capital LLC
Banc of California, N.A.
Bryn Mawr Funding
BSB Leasing Inc.
Channel Partners LLC
Dakota Financial, LLC
Financial Pacific Leasing, Inc.
Fora Financial
Funding Circle
Huntington Technology Finance
instaCOVER
LeasePath
LoanMe
Maxim Commercial Capital
NCMIC Finance Corporation
North Mill Equipment Financing LLC
OnDeck
Orange Commercial Credit
RapidAdvance, LLC
Pacific Western Equipment Finance
Paradigm Equipment Finance
Pawnee Leasing Corporation
Preferred Business Solutions
TEAM Funding Solutions
VFI Corporate Finance

CFA
71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX

More Information
http://cfa.connectedcommunity.org/convention/home

EXPO NJ Super Regional
11/15/2015 to 11/16/2015
Sunday/Monday

Teaneck Marriott at Glenpointe
100 Frank Burr Blvd
Teaneck, New Jersey 07666
United States

Contact:
Kim King, NEFA Sr. Association Coordinator
KKing@NEFAssociation.org
Phone: (847) 380-5053

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Smartphone users spend almost all their time
in their 3 favorite apps

By Matt Rosoff, Business Insider

Smartphone users are spending more and more time in apps, and less time using their browser, as we saw earlier this week.

But not all apps are created equal.

According to comScore statistics, charted here by Statista, U.S. smartphone users spend half their time in their single favorite app — we're guessing that's Facebook for most people, based on other usage stats. They spend 78% of their time in their top three apps, and a whopping 96% of their time in their top ten. They barely open any other apps at all.

comScore 2015 U.S. Mobile App Report
Smartphone and Tablet (51 pages)
http://images.go.comscore.com/Web/comScoreInc/%7Bb3599096-2157-4e3f-90a5-655109106100%7D_2015_US_Mobile_App_Report.pdf

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Albuquerque International Balloon Fiesta
October 3 – 11

"This Morning's View" photograph from Bob Underwood,
Specialty Funding

Balloon Fiesta Information:
http://www.balloonfiesta.com/

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Fernando's View
By Fernando F. Croce

Two harrowing crime dramas ("Black Mass," "Sicario") arrive at the box-office, while DVDs offer adrenaline-packed action ("Furious 7"), an impressionistic biopic ("Saint Laurent"), and vintage '70s grit ("Dog Day Afternoon").

In Theaters:

Black Mass (Warner Bros.): Johnny Depp gives his strongest performance in years in this brooding gangster tale, based on a true story. Depp stars as James “Whitey” Bulger, the leader of a small-time criminal gang in 1970s Boston, who rules the city’s underworld with a cold and brutal hand. When his power is challenged by Mafia-backed upstarts, he becomes involved with FBI agent John Connolly (Joel Edgerton) and turns informant, though Bulger’s unpredictability makes him a most volatile partner. With betrayals and violent outbursts often threatening to unravel the investigation, can the truce between criminal and lawmaker stay strong? Directed by Scott Cooper (“Crazy Heart,” “Out of the Furnace”), the film gives Depp a galvanizing spotlight while gripping with tightly-wound suspense and a strong supporting cast which includes Benedict Cumberbatch, Dakota Johnson, and Kevin Bacon.

Sicario (Lionsgate): Following the disturbing drama “Prisoners,” Canadian director Denis Villeneuve keeps up the intensity with this visceral and stylish crime film set around the border. The plot centers on Kate Macy (Emily Blunt), a resilient FBI agent whose investigation of kidnapping cases in Phoenix place her on the trail of pitiless Mexican drug cartels. Teamed up with a pair of government operators with questionable ethics (Josh Brolin, Benicio del Toro), Kate ups the ante of her deadly inspection and uncovers depths of rot on both sides of the border. Featuring matchless cinematography by Roger Deakins as well as a strong female lead in a type of picture usually dominated by macho collisions, Villeneuve’s portrait of the all-pervasive brutality of drug wars is a potent if sometimes difficult to watch achievement.

Netflix Tip: With fall taking over from summer this week, we've compiled a list of most popular autumn-themed films. So check out Netflix for "When Harry Met Sally" (1989), "Legends of the Fall" (1995), "Good Will Hunting" (1997), "Autumn Tale" (1998) and "You've Got Mail" (1998).

On DVD:

Furious 7 (Universal): Universal Studio's most popular franchise continues racing along in this adrenaline-packed latest entry in the "Fast and the Furious" series, which marks the last movie completed by the late Paul Walker. The actor reprises his role as Brian O'Conner, member of a crew of mercenary speedsters led by Dominic Toretto (Vin Diesel). Their plans of leading a straight life after their dangerous stunts, however, are thwarted by a terrorist organization determined to seize government secrets, not to mention a former nemesis' brother (played by Jason Statham) who's out for revenge. It's up to them to hop back into their vehicles and settle the score before it's too late. Featuring energetic direction by James Wan and return appearances from the franchise's staples (including another charismatic turn by Dwayne Johnson), this blockbuster should more than satisfy "Fast and Furious" fans' need for speed.

Saint Laurent (Sony): One of the most respected names in fashion history, French designer Yves Saint Laurent is examined from oblique angles in this unconventional, often lyrical film from director Bertrand Bonello ("House of Tolerance"). In it, Saint Laurent (played by Gaspard Ulliel) is an enigmatic figure, an artist bursting with daring ideas yet viewed from an opaque distance, drifting like a phantom through galleries and nightclubs. Covering the designer's life and times from the 1960s to the 2000s, Bonello's portrait opts for an impressionistic view of its subject, more interested in his moody immersion in obsessions and insecurities than in straightforward biography. The result is a mix of decadence and refined couture that offers a sort of hallucinatory poetry that Saint Laurent himself might have approved. With subtitles.

Dog Day Afternoon (Warner Bros.): A staple of the decade’s cinematic grittiness, Sidney Lumet’s devastating 1975 drama has lost none of its punch as it celebrates its 40th anniversary. Based on true events, the film recounts a sweltering summer day in Brooklyn, where a desperate would-be crook named Sonny Wortzik (Al Pacino, in one of his greatest roles) storms into a bank with his friend Sal (John Cazale), and finds themselves stranded inside as their robbery plan goes immediately awry and hordes of policemen surround the building. As confrontations with a testy police sergeant (Charles Durning) swing wildly from the harrowing to the comical, the reasons behind Sonny’s doomed plan slowly emerge. Unforgettably mixing urban despair with a vibrant sense of street theater, Lumet’s film is a must-see for every true lover of cinema.

News Briefs---

Fed still on track for rate hike this year
http://www.reuters.com/article/2015/09/24/us-usa-fed-yellen-idUSKCN0RO2GR20150924

Captives, independents see solid gains in auto loan, lease accounts
http://www.autonews.com/article/20150923/FINANCE_AND_
INSURANCE/309239952/captives-independents-see-solid-gains-in-auto-loan-lease-accounts

Tesla makes used vehicles available in new California facility
http://www.autoremarketing.com/retail/tesla-makes-used-vehicles-available-in-new-california-facility

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

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--You May Have Missed It

53 Yogi Berra Quotes: His Funniest One-Liners and Witticisms
http://www.newsmax.com/TheWire/yogi-berra-quotes-funniest-one-liners/2015/09/23/id/692882/

[headlines]
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SparkPeople--Live Healthier and Longer

Healthy Flying Tips for Families
http://www.sparkpeople.com/blog/blog.asp
?post=healthy_flying_tips_for_families

[headlines]
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Ted Williams - Still Smiling

by Thomas Michael McDade ©

Published: Baseball Almanac (2000)

I was the one
in the Navy
but my baseball cards
went AWOL.

Thirty years later
I replaced them
settling for a '55
Ted with corners rounded
like an ace of clubs.

I plunked down $38.00
even though creases
indicated a string
of Yankee fans
abusing it
for stress of hex
when the rivalry
was in session.

Ted was still smiling
and so was I.

The '54 Ted that Topps
numbered "1"
that year had a
tiny "v" clipped out
of a corner
reminding me
of books and records
selling cheap,
but I paid $75.00
despite the evidence
of counting
spokes on bicycle wheels.

Ted was still smiling
as if he were mint -
screwed down in plastic
thick enough
to dome a stadium.

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Sports Briefs----

Pilots complain they are being BLINDED by the lights of the San Francisco 49ers' new football stadium
http://www.dailymail.co.uk/news/article-3247157/Six-commercial-pilots-file-complaints-BLINDING-lights-new-49ers-football-stadium.html

Sacramento completes Kings Arena financing
with $272.9 million bond sale
http://www.sacbee.com/news/local/city-arena/article36414231.html

San Diegan lands 662.2-pound blue marlin
http://www.sandiegouniontribune.com/news/2015/sep/23/blue-marlin-matt-santora-san-diego/

[headlines]
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California Nuts Briefs---

Uber will expand headquarters to Oakland, buys former downtown Sears building
http://www.contracostatimes.com/business/ci_28863600/uber-expand-headquarters-oakland-buys-former-downtown-sears

Getting your home ready for El Niño
http://www.pressdemocrat.com/lifestyle/4490169-181/getting-your-home-ready-for?gallery=4526306

Ironman deems Tahoe conditions too risky for its triathlons
http://www.sacbee.com/news/local/article36329763.html

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“Gimme that Wine”

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

Francis Ford Coppola unveils new name for the former Geyser Peak Winery
http://tastingroom.blogs.pressdemocrat.com/2015/09/24/francis-ford-coppola-unveils-new-name-for-the-former-geyser-peak-winery/

Weed's Effect on Wine Sales in Colorado
http://www.winesandvines.com/template.cfm?section=news&content=158097

Judge sides with city over winery approval in Napa
http://napavalleyregister.com/star/news/local/judge-sides-with-city-over-winery-approval/article_01f09009-40e5-5d0d-8962-d37605b97df1.html

Record Family Wines to Debut at Sunset SAVOR the Central Coast
http://www.winebusiness.com/news/?go=getArticle&dataid=158070

Finger Lakes Wine to be Served to Pope Francis During His New York Visit
http://www.winemag.com/Web-2015/Finger-Lakes-Wine-to-be-Served-to-Pope-Francis-During-His-New-York-Visit/

Napa Harvest report: Cabernet picking in full swing
http://napavalleyregister.com/star/business/harvest-report-cabernet-picking-in-full-swing/article_9251bc51-7000-5e8a-8724-680dad23530f.html

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

[headlines]
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       1493 - Columbus' 2nd expedition to the New World
http://www.enchantedlearning.com/explorers/page/c/columbus.shtml
    1513 - Vasco Nüñez de Balboa, a Spanish conquistador, stood high atop a peak in the Darien, in present-day Panama, becoming the first European to look upon the Pacific Ocean, claiming it as the South Sea in the name of the King of Spain.
    1676 - Greenwich Mean Time began. In 1884, it became the standard for the world.
    1690 - The first American newspaper was published. "Publick Occurrences”, with sub-title, "Both Foreign and Domestick" was written, printed, and distributed by Benjamin Harris, at the London-Coffee-House, Boston, Massachusetts. British authorities considered the first newspaper published in the US offensive and ordered immediate suppression. "American Facts and dates" states "Publick Occurrences" lasted only four days. Governor Simon Bradstreet of Massachusetts said he did not like certain “reflexions”. Harris had intended to issue its monthly “or if any Glut of Occurrences happen, oftener”, but only the one issue appeared. It was a one-sheet paper folder to present four pages, containing news in double columns. The last page was blank. There were no advertisements. France brought their war with England to the Americas, making an alliance with the Indians. The estimated colonial population was 213,500. Very few colonials could read. Town carriers were very popular and the reading of the newspaper in the pub had a very high rating with active discussions that followed.
    1775 – Ethan Allen surrendered to British forces after attempting to capture Montreal during the Battle of Longue-Pointe. Benedict Arnold and his expeditionary company set off from Fort Western, bound for Quebec City.
1777 - The Conway Cabal began, an alleged plot to remove George Washington as commander of the Continental Army, followed Washington's defeats at Brandywine and Germantown, and Gen. Horatio Gate's victory at Saratoga. The plotters wished to put Gates in Washington's place. Gen. Thomas Conway, whose promotion had been opposed by Washington, wrote an indiscreet letter to Gates. Its contents, in distorted form, were then reported to Washington. When details of the plot leaked out, public opinion was overwhelmingly on Washington's side. Actually, Conway seems to have been more the victim of the plotters than the guilty party. He resigned from the Army in 1778.
    1789 - Congress transmitted to the state legislatures twelve proposed amendments, two of which, having to do with Congressional representation and Congressional pay, were not adopted. The remaining ten amendments became the Bill of Rights. The establishment of religion on a national level was expressly prohibited in the U.S. with the adoption of the First Amendment, the opening words of which read: 'Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof.' Final ratification of the First Amendment came in 1791.
http://www.constitutionfacts.com/amendments.shtml
    1804 - The Teton Sioux of the Lakota demanded one of the boats from the Lewis and Clark Expedition as a toll for allowing the expedition to move further upriver.
1846 – US forces under Zachary Taylor captured Monterrey, Mexico.
1861 - Secretary of Navy authorized enlistment of slaves as Union sailors. Eventually the Union had 18,000 black sailors.
http://usgovinfo.tqn.com/library/weekly/aa111700a.htm
Howard University has a database, stating 18,000:
http://www.itd.nps.gov/cwss/sailors.htm
This site says there were 20,000:
http://www.civilwarnews.com/archive/articles/blacksail_fitts.htm
National Park Service Complete History of Service;
http://www.itd.nps.gov/cwss/
    1890 - Polygamy was officially banned by the Mormon Church. This announcement followed on the heels of an 1890 Supreme Court ruling denying all privileges of U.S. citizenship to Mormons who practiced this outlawed form of marriage.
http://www.lds.org/media2/library/display/0,6021,184-1-314-4,00.html
    1890 - Congress establishes Sequoia National Park, California
http://jrabold.net/yosemite/
http://www.yosemite.org/
http://www.yosemitepark.net/
    1897 - Birthday of William Faulkner (1897-1962) at New Albany, MS. American novelist and short story writer, Nobel Prize winner who changed the style and structure of the American novel. Faulkner's first novel, “Soldiers' Pay” was published in 1926. His best-known book “The Sound and the Fury”, appeared in 1929. Shunning literary circles, Faulkner moved to a pre-Civil War house on the outskirts of Oxford, MS, in 1930. From 1930 until the onset of World War II, he published an incredible body of work. The “Portable Faulkner” appeared in 1946 and “Collected Stories” in 1950. In June of 1962 Faulkner published his last novel, “The Reivers”.
http://memory.loc.gov/ammem/today/sep25.html.
    1911 – Groundbreaking for Fenway Park in Boston.
    1912 – Columbia University Graduate School of Journalism was established in NYC.
    1917 - Birthday of Philip Francis Rizzuto "Scooter” (d. 2007), in Brooklyn.    Hall of Fame shortstop for the New York Yankees (1941-1942, 1946-1956). Member of World Series teams in 1941, 1942, 1947, 1949, 1950, 1951, 1952, 1953, 1955. 5-time All-Star and 1950 American League MVP. Rizzuto overcame his diminutive size to anchor a Yankees dynasty, helping them win seven of nine World Series during his 13 seasons, not counting three years lost to World War II. "The Scooter" was a durable and deft shortstop, skilled bunter and enthusiastic base runner who compiled a .273 lifetime batting average. Upon retirement, he spent 40 years as a popular Yankees broadcaster, the longest tenure of any Yankees broadcaster.
    1918 - RICKENBACKER, EDWARD V., (Air Mission) Medal of Honor.
Rank and organization: First Lieutenant, U.S. Army Air Corps, 94th Aero Squadron, Air Service. Place and date: Near Billy, France, 25 September 1918. Entered service at: Columbus, Ohio. Born: 8 October 1890, Columbus, Ohio. G.O. No.: 2, W.D., 1931. Citation: For conspicuous gallantry and intrepidity above and beyond the call of duty in action against the enemy near Billy, France, 25 September 1918. While on a voluntary patrol over the lines, 1st Lt. Rickenbacker attacked 7 enemy planes (5 type Fokker, protecting two type Halberstadt). Disregarding the odds against him, he dived on them and shot down one of the Fokkers out of control. He then attacked one of the Halberstadts and sent it down also.
    1919 - President Woodrow Wilson becomes seriously ill and collapses after a speech in Pueblo, Colorado. The next day they diagnosis it as a stroke. It is said that he was incapacitated and Mrs. Wilson and a “cabal” began to run the United States (more on this tomorrow. Yes, the press was controlled about presidential cancer operations, infirmities and other “goings on.”) This event brought about a major change in American history, studied by students in high school to college.
    1919 - Drummer Rossiere “Shadow” Wilson (1919-59) birthday, Yonkers, NY. Much of Wilson's early work was with swing jazz orchestras, including Count Basie, 1944-46.
http://music.barnesandnoble.com/search/artistbio.asp?user
Id=&mscssid=&pCount=
& sRefer=&sourceid=&ctr=181092
    1926 - Henry Ford announces the 8 hour, 5-day work week. Ford was the first to grant a ten hour week, paid vacations, paid sick days, all before union organization. He worried about safety, boredom, and knew his “modernization” may eliminate jobs, even started company schools for employees. He was quite liberal for his day, a leader among inventors and scientists, and unfortunately most uninformed people remember him as an industrialist who took advantage of his workers. While he did have his prejudices and faults, he looked at his employees as part of his “family.”
    1926 - NHL grants franchises to Chicago Black Hawks and Detroit Red Wings
    1929 – Testing skills that would serve him well in World War II, Jimmy Doolittle performed the first blind flight from Mitchell Field in Brooklyn, proving that full instrument flying from take-off to landing is possible.
    1934 - Lou Gehrig plays in his 1500th consecutive game
    1934 - Rainbow (US) beats Endeavor (England) in 16th America's Cup.
    1936 - Bluesman Roosevelt "Booba" Barnes (1939-96) is born in Longwood, MS.
    1939 - A west coast hurricane moved onshore south of Los Angeles bringing unprecedented rains along the southern coast of California. Nearly five and a half inches of rain drenched Los Angeles during a 24 hour period. The hurricane caused two million dollars damage, mostly to structures along the coast and to crops, and claimed 45 lives at sea. "El Cordonazo" produced 5.66 inches of rain at Los Angeles and 11.6 inches of rain at Mount Wilson, both records for the month of September.
    1944 - Birthday of actor/director Michael Douglas, New York, NY.
(it is also his wife's birthday, see 1969)
    1945 - New York City, pianist Errol Garner records for Savoy his famous version of “Laura.”
    1950 - “The Kate Smith Hour” premiered. Kate Smith was a talented singer who hosted a radio show before beginning a successful but short TV career. This late afternoon show was the most successful among two other prime-time shows, “The Kate Smith Evening Hour” (September 1951—June 1952) and “The Kate Smith Show” (January—July 1960). It included interviews, musical numbers and comedy or drama sketches. The sketches spun off many series, including “The World of Mr. Sweeney” and “Ethel and Albert.' She was a very popular singer on the radio, best known for “God Bless America”, but she could not make the transition to the small screen. Her version of “God Bless America” is sung at every Yankees home game as part of the 7th inning stretch, begun shortly after the 9/11 attacks in 2001.
    1951 - Top Hits
“Because of You” - Tony Bennett
“I Get Ideas” - Tony Martin
“Come on-a My House” - Rosemary Clooney
“Always Late (With Your Kisses)” - Lefty Frizzell
    1952 - Perhaps one of television’s finest drama series, “Four Start Playhouse” premiered. The actors who founded Four Star Films—Dick Powell, Charles Boyer, Joel McCrea and Rosalind Russell—starred in this dramatic anthology series. David Niven and Ida Lupino replaced McCrea and Russell, who left shortly after the series began. Other guest actors included Ronald Colman in his first TV dramatic appearance (“The Lost Silk Hat,” 1952) and Joan Fontaine in her first major dramatic TV role (“The Girl on the Park Bench,” 1953).
    1954 - Elvis Presley performs live on "Grand Ole Opry," singing "Blue Moon Of Kentucky."
    1956 - “Broken Arrow” premiered. My father, Lawrence Menkin, wrote many of the episodes. This half-hour western was one of the few to portray Native Americans in a positive light. It starred Michael Ansara as Cochise, Apache chief, and John Lupton as Indian Agent Tom Jeffords, Cochise's blood brother. The show was syndicated under the name “Cochise.”
    1956 – TAT-1, the first submarine transatlantic telephone cable system, is inaugurated. It was laid between Scotland and Newfoundland. The agreement to make the connection was announced by the Postmaster General on December 1, 1953. The project was a joint one between the General Post Office of the UK, AT&T, and the Canadian Overseas Telecommunication Corporation. The share split in the scheme was 40% British, 50% American, and 10% Canadian. The total cost was about £120 million.
    1959 - Top Hits
“Sleep Walk” - Santo & Johnny
“('Til) I Kissed You” - The Everly Brothers
“Mack the Knife” - Bobby Darin
“The Three Bells” - The Browns
    1960 - Sam Cooke's "Chain Gang" peaks at Number Two on both the R&B and pop charts at the same time. It's his biggest hit since "You Send Me."
    1962 - Charles “Sonny” Liston won the heavyweight championship by knocking out Floyd Patterson at 2:06 of the first round at Comiskey Park, Chicago. Liston defeated Patterson in a rematch and then lost to Cassius Clay in Feb, 1964.
    1964 - No. 1 Billboard Pop Hit: "Oh, Pretty Woman," Roy Orbison.
    1965 - Willie Mays hit his fiftieth home run of the baseball season, making him the oldest player to accomplish this. He was 34 years old. Ten years before, at the age of 24, he was the youngest man to accomplish the same feat, marking the longest span between 50 HR seasons in MLB history.
    1965 - Satchel Paige, the oldest player in Major League history at an estimated 59 years, 8 months, 5 days, pitched the last game of his career. He hurled three scoreless innings for the Kansas City Athletics against the Boston Red Sox. Paige gave up only one hit, to Carl Yastrzemski.
    1965 - Birthday of Scottie Pippen, basketball player, born Hamburg, AR.
    1965 - “Eve of Destruction”, sang by Barry McGuire top of the charts.
    1967 - Top Hits
“The Letter” - The Box Tops
“Never My Love” - The Association
“Apples, Peaches, Pumpkin Pie” - Jay & The Techniques
“My Elusive Dreams” - David Houston
    1967 - Paul Butterfield Blues Band at the S.F. Fillmore.
    1968 - Rap/television/film star Will Smith (a.k.a. the Fresh Prince) was born in Philadelphia.
    1969 - Catherine Zeta-Jones, academy award winning actress, wife of Michael Douglas, was born Wansea, Glamorgan, Wales (see 1944 for his birthday.)
    1974 - No. 1 Billboard Pop Hit: "Rock Me Gently," Andy Kim. He wrote the 1969 No.1 song "Sugar, Sugar" with Jeff Barry for the Archies.
    1974 - The first ulnar collateral ligament replacement surgery (Tommy John surgery) was performed, on pitcher Tommy John by orthopedic surgeon Dr. Frank Jobe, then a Dodger team physician who served as a special advisor to the team.
    1975 - Top Hits
“Fame” - David Bowie
“I'm Sorry” - John Denver
“Fight the Power” - The Isley Brothers
“Daydreams About Night Things” - Ronnie Milsap
    1976 - Blue Oyster Cult's "Agents of Fortune" LP enters the chart.
    1979 - The third musical resulting from the collaboration of Tim Rice and Andrew Lloyd Weber lit up the Great White Way. "Evita" opened on Broadway to rave reviews.
    1979 - The Eagles LP, "The Long Run" is released.
    1979 - Joe Jackson releases his "I'm The Man" single.
    1981 - Rolling Stones begin their 6th US tour (JFK Stadium, Philadelphia,PA)
    1981 - Sandra Day O'Connor was sworn in as the first woman associate justice on the US Supreme Court on this date. She had been nominated by President Ronald Reagan in July 1981.
    1983 - Top Hits
“Tell Her About It” - Billy Joel
“Total Eclipse of the Heart” - Bonnie Tyler
“The Safety Dance” - Men Without Hats
“Baby, What About You” - Crystal Gayle
    1987 - Hurricane Emily crossed the island of Bermuda during the early morning. Emily, moving northeast at 45 mph, produced wind gusts to 115 mph at Kindley Field. The thirty-five million dollars damage inflicted by Emily made it the worst hurricane to strike Bermuda since 1948. Parts of Michigan and Wisconsin experienced their first freeze of the autumn. Snow and sleet were reported in the Sheffield and Sutton areas of northeastern Vermont at midday.
    1988 - Florence Griffith Joyner runs Olympic record 100m in 10.54s
    1989 - Twenty-three cities in the south central U.S. reported record low temperatures for the date, including Topeka, KS with a reading of 33 degrees, and Binghamton, NY with a low of 25 degrees. Showers and thunderstorms in the southeastern U.S. drenched Atlanta, GA with 4.87 inches of rain, their sixth highest total of record for any given day.
    1991 - Top Hits
“I Adore Mi Amor” - Color Me Badd
“Good Vibrations” - Marky Mark & The Funky Bunch/Loleatta Holloway
“Emotions” - Mariah Carey
“Leap of Faith” - Lionel Cartwright
    1993 - A Florida judge ruled that it was legal for a child to divorce biological parents. The court case involved twelve-year-old Gregory Kingsley who didn't want his parents anymore.
    1998 - Hurricane Georges crossed the Florida Straits, passed over Key West and took aim on the northern Gulf coast. On September 26, hurricane warnings went up from Panama City to Morgan City, Louisiana.
    1998 - By hitting a 462-foot blast at the Astrodome, Sammy Sosa hits #66 (and his final homer of the season) to take the lead in the HR race. Less than an hour later, however, Mark McGwire also hits his 66th in the Cardinals' 6-5 victory over the Expos to tie the Cub outfielder in the historic home run race, on the way to 70.
    2003 - Sammy Sosa becomes the first National Leaguer to have at least 100-RBIs nine seasons in a row. The Cubs' right fielder surpasses Mel Ott and Willie Mays who had accomplished the feat eight straight seasons, and joins Rafael Palmeiro and Jimmie Foxx as the only players in major league history to hit 35 home runs and 100 RBI for nine consecutive seasons.
    2009 - President Obama, British Prime Minister Brown and French President Sarkozy, in a joint TV appearance for a G-20 summit, accuse Iran of building a secret nuclear enrichment facility.
    2014 – In his final Yankee Stadium at bat, Derek Jeter knocked in the winning run in the bottom of the 9th to defeat the Baltimore Orioles, 6-5, after the Yanks blew a 5-2 lead in the top of the inning. Jeter retired at season’s end after 20 years as the Yanks’ SS, with 5 World Series rings and 3465 hits, the most of any Yankee in history.

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