Entire Industries Still Unbankable
Despite Big Data Boom

by Srividya Kalyanaraman  deBanked.com

The use of data and technology for assessing risk shows promise for new borrowers, safer bets and fewer delinquencies. Big data has been credited for overhauling traditional lending models and ushering in a new crop of lenders that do not shy away from risky businesses and low credit scores. But has it been successful in narrowing the list of industries previously ineligible to even be considered? And perhaps there’s a bigger story, that some lenders still maintain a list of industries they cannot or will not lend to despite the boom in data. deBanked checked the temperature on restricted lending practices today with three lenders and here’s what we found.

Jersey City-based World Business Lenders whose average loan size is $150,000 does not lend to startups. According to chief revenue officer, Alex Gemici, startups usually don’t have revenues to justify payments. “Startups fail the ‘ability to pay’ test,” he said.

The restricted industries for WBL are the usual-suspects that fall in the federal legality grey areas like Marijuana related businesses and adult entertainment websites and weapon manufacturers that the company takes a moral stance against. Gemici said that the company has never lent to these industries and will evaluate the policy only if the need arises.

Apart from these WBL also classifies certain establishments as ‘high risk,’ either prone to defaults or without a steady cash flow like car dealers, childcare services, gas stations, real estate speculators, stock brokers, insurance brokers etc. which the company lends to with increased scrutiny and tighter checks.

Often, the risk appetite of a company depends on how long it has been in business and its funding track record. For instance, San Diego-based National Funding is 17 years old but is gun shy when it comes to lending to auto dealerships, thanks to sustained losses.

Dave Gilbert
Founder/CEO, National Funding

“We don’t lend to auto dealerships because they already have enough MCA plans out there,” said CEO Dave Gilbert. “It’s too risky to be in that environment without being tied to actual assets, we have had too many losses.”

Government agencies, membership organizations (usually, nonprofit), insurance brokers, online dating services, weapon manufacturers, credit repair services, gambling and ticket sales websites are also industries the company does not lend to.

However, construction companies, oil companies, transportation and industries with high subsidies like solar businesses are what National Funding considers high risk and will finance cautiously, by tightening the credit window, advancing smaller amounts, demanding higher FICO scores and increasing scrutiny on cash flows.

Irrespective of whether a company automates underwriting, few contest the need for rich and varied data for calculating risk and approving a loan. Kennesaw, Georgia-based IOU Financial, which recently started lending in Canada, has a proprietary ‘Risk Logic’ score for underwriting which includes credit data, financial and non-financial accounts, public records, transactional data and a business owner’s personal credit information.

Despite this, it restricts lending to businesses with seasonal cash flow like tax prep services, industries that invoice out for larger orders including manufacturing, and marijuana dispensaries. IOU also does not lend to industries where it has faced high delinquencies in the past, like oil refinery service related industries and supply chain service providers that are subject to fluctuations in commodity prices.

And if OnDeck, the touted leader in deploying big data for underwriting prohibits 60 industries in five different categories including blood and organ banks, payroll companies and its own kind — non-bank financial companies, has big data really changed underwriting?

 

 

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

 

New Hires/Promotions in the Leasing Business
and Related Industries

 

Michael "Mike" Bennie is now Director, Dealer and Sales Channel, Canon Financial Services, Mt. Laurel, NJ. He joined the firm May, 2016.  Previously, he was President, FirstLease, Inc. (May, 2011 – December, 2015); Owner/Partner, Latitude Equipment Leasing (2007 – 2011); Vice President, Marlin Leasing (1998 – 2007). Education: Rutgers University,  Camden, Bachelor's degree, Business Administration (1983 – 1988). Activities and Societies: Baseball.
https://www.linkedin.com/in/michaelbennie  

Nancy Brady was hired as President at  Romco Corporation Holdings
Burlington, Ontario, Canada. She is also Manager of Business Development. Previously, she was Operations Manager, Capmor Financial Services Corp. (July, 2006 – September, 2016); Regional Sales Manager, VFC Inc. (April, 1999 – June, 2006); Branch Manager, Superior Acceptance Corporation (March, 1993 – April, 1999). Organizations: Rotary Club of Burlington Central, Club Secretary. Education: Algonquin Careers Academy, Paralegal Program (2010 – 2011). Mohawk College, Diploma, Law and Security (1986 – 1988).
https://ca.linkedin.com/in/nancy-brady-792a01ab 

R. Timothy "Tim" Evans was hired as Director of Commercial Equipment Finance, First National Bank of Pennsylvania, Pittsburg, Pennsylvania.  Previously, he was President, FirstMerit Equipment Finance (June, 2011 – August, 2016); Senior Vice President, CoActiv Capital Partners (March, 2006 – June, 2011). Education: Thiel College (1978 – 1981). California State PA.
https://www.linkedin.com/in/tim-evans-6888a67

Ken Foster was hired by Axis Capital, Grand Island, Nebraska, as Vice President, Sales. He will be based in Dallas, Texas. His expertise is vocational truck financing. He previously was Regional Sales Manager, Advantage Funding (September, 2014 – August, 2016); Managing Member, KHK Commercial Finance, LLC (March, 2010 – August, 2014); Operations Manager, Verizon (October, 2010 – February, 2013); Senior Business Development Officer, TCF Bank (April, 2009 – March, 2010); Vice President, 1st Source Bank (March, 2007 – April 2009); Sales/Finance Manager, BGS & Company (May, 2002 – March, 2007); Vice President,  Leasing and Capital Division, Bank of America (October, 1999 – May, 2002)’ Account Manager, Heller Financial (1993 – 1996); National Account Manager, Textron Financial (February, 1986 – April, 1993); Account Manager, Universal Leasing (January, 1984 – February, 1986); Organizations: Legal Marketing Association, Starting January 2014. Habitat for Humanity. Life member of Alpha Kappa Psi, Professional Business Fraternity. Volunteer: OperationCare, Disaster and Humanitarian Relief (December, 2013). Education: The University of Texas at Dallas, Marketing, Business Administration and Management (1983 – 1983). The University of Texas at Austin, The Red McCombs School of Business, Marketing, Business Administration (1979 – 1982). Activities and Societies: Alpha Kappa Psi- Life Member, McCombs School of Business Student Council- appointee. Richland College, Business Administration and Management, General (1976 – 1978). Activities and Societies: Richland Lakers Basketball Team
https://www.linkedin.com/in/ken-foster-058ba12a

Scott Hamburg was hired by Axis Capital, Grand Island, Nebraska as Vice President, Sales. He is located in Philadelphia, Pennsylvania. “(He)...brings to Axis a particular expertise in financing equipment in the Technology space as well as general equipment types." Previously, he was Senior Vice President, Business Development, Madison Capital, LLC (August, 2015 – September, 2016); A.V.P., National Accounts, Marlin Business Services Corp. (October, 2012 – June 2015); Co-Founder / EVP Sales Marketing, EquiCapital (October, 2002 – October, 2012). He began his career as Account Executive, Balboa Capital, September, 1992; promoted to Credit Manager, September, 1993; promoted to Vice President, Branch Manager, Los Angeles, January, 1995; promoted to Vice President, Branch Manager, New York City, February, 1996; promoted July, 1998, Director Sales & Marketing, National Vendor Accounts. Organizations: GPSEG, Starting May, 2012. GLG Research (Gerson Lehman Group), Council Member, Starting 2012. Volunteer: Mentor, Big Brothers Big Sisters of America 1991. Mentor & Member of Financial Development Team. Minds Matter (November, 2001 – May, 2005). Board Member, Minds Matter (October, 2006 – June, 2009). Education: Villanova School of Business, Masters In Finance Program (January, 2015 – Present). Pomona College, B.A., Economics (1988 – 1992). Activities and Societies: Quarterback of Football Team, Active member of Fraternity, Member of Big Brothers Program. Heritage High School (1986 – 1988). Activities and Societies: Varsity Football, Varsity Baseball, National Honors Society.
https://www.linkedin.com/in/scotthamburg

Sharon Hatchell was promoted as Senior Vice President, Underwriting & Portfolio Finance at STORE Capital, Scottsdale, Arizona. She joined the firm May, 2013 as Managing Director, Central Region; promoted March, 2016, Senior Vice President, Real Estate Closings & Portfolio Finance; promoted April, 2015, Vice President, Closings & Portfolio Finance. Prior, she was Senior Vice President, Trinity Capital, LLC (March, 2011 - May, 2013); Vice-President, GE Capital Franchise Finance (April, 2001-March, 2011).Education: Wake Forest University Bachelor of Science (B.S.), Mathematics (1980 – 1984).
https://www.linkedin.com/in/sharon-hatchell-1051b48a

Chuck LaChiusa is a Financial Advisor, starting July, 2016.  Previously, he was Senior Vice President, Eastern Regional Sales Manager, US Bank Equipment Finance (July, 2013 – June, 2016); First Vice President, Team Leader, First Niagara Financial Group (September, 2011 – June, 2013); Vice President, Key Equipment Finance, a subsidiary of Key Bank, serving as Senior District Leasing Manager (1994-2003), Vice President, Regional Sales Director (2003-2007), Vice President, Senior Transactor (2007-2011). Prior, Vice President, Leasing Manager, Chase Manhattan Bank, N.A. (March, 1986 – February, 1994). Organizations: IRS Vita Program - volunteer income tax preparation. Education: State University of New York at Buffalo, School of Management, BS, Finance and Financial Management Services
https://www.linkedin.com/in/chuck-lachiusa-57983b34

Christina Lord, CLFP, was promoted to Vice President, First American Equipment Finance, Rochester, New York. She joined the firm January, 2010, as Assistant Vice President. Previously, she was Regional Account Manager, Callfinity (December, 2007 – January, 2010); Account Executive, The Berry Company (June, 2004 – December, 2007). Certifications: Certified Lease & Finance Professional,  (CLFP), CLP Foundation, Starting October, 2014. Organizations: Habitat for Humanity International, Big Brothers Big Sisters of America. Education: St. John Fisher College, MBA, Business (2007 – 2010).
State University of New York College at Buffalo, Bachelor of Arts (B.A.), Communication, General (2001 – 2004).
https://www.linkedin.com/in/christina-lord-clfp-4048814

Brent McWhorter was hired as Equipment Finance Specialist at Axis Capital, Grand Island, Nebraska. He is based in Dallas, Texas. “(His)...focus is on Construction, Transportation, Commercial and Industrial equipment financing while placing emphasis on lower middle market transactions ranging from $100,000 to $2,000.000." Previously, he was District Sales Manager, Equify Financial, LLC (December, 2011 – September, 2016); Vice President, Texas Capital Bank (January, 2007 – October, 2008). Honors: Three Peat!! 2012/2013/2014 District Manager of the Year, Equify Financial, LLC.
https://www.linkedin.com/in/brent-mcwhorter-ab69753b

Phillip Prosser was hired as AVP, Funding, at Ascentium Capital, Kingwood, Texas.  He is based in Humble, Texas. Previously he was EFL Accounting Specialist, Renasant Bank (June, 2016 - September, 2016).
https://www.linkedin.com/in/phillip-prosser-aa640054

Lee Ritter was hired as Business Development Executive, LSG Insurance Partners, Bloomfield Hills, Minnesota. Previously, he was Vice President, Business Development Officer, Lease Corporation of America (January, 2015 – September, 2016); Account Executive, Lease Corporation of America (October, 2012 – January, 2015); Aerospace Propulsion Craftsman, Air National Guard (April, 2002 – March, 2014); Assistant Branch Manager, Huntington National Bank (2009 – April, 2012); Account Executive / Recruiter, Pulsar IT Consulting (June, 2008 – August, 2009); Financial Services Associate, Prudential Financial (October, 2007 – May, 2008); President/Owner, World Lending Inc. (May, 2006 – September, 2007); First Officer, Gulfstream International Airlines (2004 – 2005). Organizations:
Automation Alley. Certifications: Commercial Pilot Airplane Single and Multi-Engine, Land, Federal Aviation Administration – FAA, Starting December, 2004. Education: Siena Heights University B.S., Aeronautical Science, 2004. Rochester Adams.
https://www.linkedin.com/in/lee-ritter-6078868

Jeremy Scott was hired as National Account Manager, Axis Capital, Grand Island, Nebraska. He is located at the headquarters’ office.  Previously, he was Finance Manager. Tom Dinsdale Chevrolet, GMC, Cadillac, Hyundai & BMW- Ethos Group (February, 2015 – July, 2016); Senior Client Advisor, Van Tuyl Group, Inc. BMW & Mercedes-Benz of Lincoln (October, 2013 – February, 2015); Internet Sales Manager, Kuni Automotive- Audi Boulder (March, 2014 – July, 2014); Internet Sales Manager, Murray BMW & Mercedes-Benz of Denver (February, 2010 – October, 2013); Sales, Freeway Ford Truck Sales (2009 – 2010). Certifications: BMW Certified (2009-Present).Mercedes-Benz, Star Certified, Starting January 2009. Audi Certified, Starting March 2014. Education: Doane University, Bachelor’s Degree, Human Relations, 3.5 GPA (2016 – 2020).
https://www.linkedin.com/in/jeremey-scott

Brandon Smith was hired as Asset Management Officer, Signature Financial, Melville, New York.  Previously, he was Director of Sales Vice President - Business Development - Asset Management and Remarketing, Connell Finance Company (2002 – 2008); Vice President, Sales - Lease financing, Connell Finance Company (1998 – 2001); Lease Marketing Manager, Mitsui Leasing Capital Corporation (1996 – 1998). Assistant VP, Rail and Intermediary CIT (1992 – 1996); Equipment Management Operations Manager CIT (1990 – 1992). Organizations: Turnaround Management Association, Starting 2010. Phoenix Society, Starting January, 2003. St. Barnabas SOAR Program, Counselor, Starting January, 2010. Education: Villanova University, BS, Commerce and Finance
(1980 – 1984).
https://www.linkedin.com/in/brandon-smith-599a02b

 

Leasing Industry Ads---Help Wanted Opportunity

Please call for a telephone interview

SALES POSITIONS AVAILABLE We are a premier self-funded small ticket and middle market full service equipment finance company. Our compensation programs are aggressive and include full insurance benefits, matching 401k, etc. Positions are available for well experienced industry professionals with a minimum production level of $400k per month in funded business. Please email your resume to sschachtel@bankozarks.com or call directly at 973-768-7501 Bank of the Ozarks was recognized as the top performing bank in the United States, based on financial performance, five years in a row, 2011-2015. • Rated as “well capitalized” – the highest available regulatory rating • Publicly traded company on the NASDAQ Global Select Market, symbol OZRK • Headquartered in Little Rock, Arkansas • Chartered in March 1903, a 111-year heritage 256 Offices, $18.5 billion in assets, second quarter 2016 net income of over $54 million www.bankozarks.com/equipment Bank of the Ozarks We are an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, sexual orientation, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.

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

 

Why Client Reviews Are Becoming Even
More Imperative For Marketing

FinTech #102 by Brittney Holcomb

Every time Google rolls out a new search update, the more I see a constant trend starting to rise. The latest is customer online reviews. Client or customer reviews online are becoming an important ranking factor for any business. Since Google is really channeling their search results towards local, small businesses, they are aiming their online marketing for what it takes to rank locally for their area and for their industry.

One of the most vital practices of a local marketing campaign is to obtain real client reviews. Client and customer reviews can either be traumatic or really beneficial to your business.

Google putting such an importance on online reviews is their way of focusing their search network for better online user experience. Online reviews allow any new client or customer to gain insight on what their experience with your business may be based on past experiences clients have had with you.

Now if you are a crazy planner like myself, you probably bank a lot of your online and offline decisions on what types of reviews that particular business has. If you are able to relate to that then you also realize that any reviews left online for your business have the power to make or break a sale. It’s like a restaurant review, if good, you’ll give it a try.  If not, you are warned not to go there.

90% of users read reviews online before either making a purchase or actually visiting the business location. 72% of those users will actually take action after their have read positive reviews.

Not only will client reviews help encourage an increase in your sales but they also offer you an understanding of how to better service your clients, create customer loyalty, and improve organic search rankings.

After the last Google update, online client reviews account for 9.8% of all ranking factors. While that number may seem small, it packs quite the punch.

Let’s put this into a real life situation – Say you’re searching for local CPAs, you may go to Google and type in “CPAs in Miami”. Google will present you with three local listings accompanied with a map, this is called Google’s “Local Pack.” Those three listings are the top rated businesses in the area for that industry. How you rank in the “local pack” all depends on the amount of positive client reviews you have for your business.

Users searching online generally trust this “local pack” more than they trust the organic results listed below it.

There are a few different ways to go about obtaining client reviews online. While it may seem easy and enticing to create fake user accounts and leave a lot of positive reviews for your company pretending to be clients, Google’s algorithm is one step ahead of you. They have filters that catch fake reviews and fake profiles based on the activity of that profile or user.

If you are an active user on Google+, Google will recognize any review you leave for a business as legitimate. If Google recognizes your Google+ profile as inactive, it will flag the review you have left and not count it towards your overall ranking.

The best and most organic way to obtain reviews is to just ask.

The most aggressive way to starting collecting reviews online, is to come right out and ask your clients to go online and leave you a review. Whether you are a B2B or B2C, I have had both types of business request me to leave reviews for their business, and if I feel like my experience was truly valuable, I will certainly leave a review online.

If you are not the aggressive type, there are still ways to obtain reviews for your business organically. Generate content for your website and social media outlets that answer frequently asked questions or solve frequent obstacles for your clientele.

When you actively offer solutions to your clientele they are more likely to have a positive experience with your business, hopefully resulting in a highly rated online review.

Also, start promoting your social profiles, especially your Google My Business page and push posts to drive your followers and clients to where they can leave reviews about their experience with your company. I see many put their LinkedIn address, as well as note they are on Twitter or Facebook.  This is also a good idea for your business
card, if you are not already doing this.

The main end result for obtaining online client and customer reviews is always to increase sales, but a few short term goals you can expect to achieve are - ranking much quicker in Google’s search results, mainly in the ‘local pack’, as well as an increase in positive PR and online reputation.

P.S. I hope to see you at the National Alliance of Commercial Loan Brokers Conference; especially on October 5th for the panel discussion,  “How PPC Lead Generation is Changing the Landscape for Brokers.”

 

Brittney Holcomb is the Director of Paid Search at The Finance Marketing Group. She works exclusively with finance companies and banks to help better develop their business online through digital marketing strategies. Brittney has been trained by some of the top leaders in the industry giving her a vast knowledge she is able to pass along to her client base.

eMail: brittney@financemarketing.com
https://www.linkedin.com/in/brittney-holcomb-02101834

Previous Financial Technology Articles
http://www.leasingnews.org/Conscious-Top%20Stories/fintech.html

 

 

Leasing/Finance Conferences  --Updated
Attendees: 854 ELFA/429 NACLB/248 NEFA

Leasing/Finance Conferences --- 2016

---

 

Second Annual Conference
October 4th - 6th, 2016
Red Rock Casino & Resort
Las Vegas, Nevada

Attendance 429 (09/29/16)
341: Brokers, 84: Lenders, 4: Service Providers

Kris D. Roglieri

"This year will be a record breaker for NACLB and I think for any one commercial loan broker gathering in the country. I don’t think a there has ever been a conference that has organized so many diversified commercial lenders and banks alongside with commercial loan brokers.  We have very pleased and excited for next week!"

Christopher “Kit” Menkin, Editor/Publisher, www.leasingnews.org, along with
Bob Coleman, Editor, Coleman Report  and Sean Murray, President and Chief Editor of deBanked, will be on a panel regarding reporting on the leasing and loan industry. Kit says he hopes to see some of his readers in attendance.


Register
http://www.eventbrite.com/e/naclb-2016-registration-24321457133

Go to our website for more information: www.naclb.org

 

---

Lend360
October 5 – 7
Chicago Marriott Magnificent Mile
Chicago, Illinois

Attendee Registration Rate
$2,400

Lenders/Venders/Investors
Agenda
http://www.lend360.org/

List of Exhibitors
http://www.lend360.org/exhibitors/

---

October 6-8, 2016
NEFA 2016 Funding Symposium
Radisson Blu Mall of America
Minnesota

Bonus Workshop, October 6, 10:00am to 3pm
Funding Symposium Lead by Scott Wheeler, CLFP
Free: $750 Values
http://www.nefassociation.org/?page=BonusWorkshop

update:
248 Attendees to Date:
https://eventmobi.com/fundingsymposium2016/attendees/171553

Registration
https://nefassociation.site-ym.com/general/register_member_type.asp?

Information on 2016 Funding Symposium
http://www.nefassociation.org/events/
EventDetails.aspx?id=702539&group=

The NEFA conference hotel is just five miles from the Minneapolis-Saint Paul International Airport which has direct flights to one hundred and fifty-five other cities and connections to hundreds more. It’s also convenient to both downtown Minneapolis and downtown Saint Paul.

Chairperson for the 2016 Funding Symposium is Jim Peach, CLFP, VP/Sales Manager, Stearns Bank, in Albany, Minnesota. Working with a dedicated team of volunteers, the Chairperson pulls together the educational lineup of the conference.

Said Jim Peach, “we get great feedback from the attendees following each NEFA conference and we’ve used that to focus our educational sessions on things that are both timely and important to NEFA Members.”

  

Bonus Workshop, October 6, 10:00am to 3pm
Funding Symposium Lead by Scott Wheeler, CLFP
Free: $750 Values
http://www.nefassociation.org/?page=BonusWorkshop

For more information, visit: www.NEFAssociation.org 
or call: 847-380-5050.

---

 

October 23 -25th
2016  55th Annual Conference
Palm Desert Springs
Palm Desert, California

Attendance: 864 (09/29/16)
 http://www.elfaonline.org/events/2016/ac/attend.cfm

17 timely sessions have been included on the agenda for the ELFA Annual Convention, scheduled October 23-25, 2016 at the JW Marriott Desert Springs in Palm Desert, CA. Topics are wide ranging, which should provide something of interest to everyone. For a complete review of the breakout sessions, please go here: http://www.elfaonline.org/events/2016/AC/sched.cfm

The Annual Convention is also host to 25 companies who will be exhibiting this year. More are expected to participate. For a complete list of the exhibiting companies, please go here:http://www.elfaonline.org/events/2016/AC/exhib.cfm

More Information plus Register
http://www.elfaonline.org/events/2016/ac/reg.cfm 

Monday, September 19, 2016
Last day to receive the special ELFA convention rate for your accommodations at the JW Marriott Desert Springs.

Monday, October 10, 2016
Last day for mail-in and online registrations. After this date registrations can be made on-site. Please note: There are no refunds of registration fees after this date.

Keynote speaker Joe Scarborough will provide timely analysis 
and insight into the upcoming presidential and congressional elections.

  

---

Money20/20
October 23 – 26
Las Vegas, Nevada
(85% of exhibit space/sponsorship booked)

http://www.money2020.com/

---

October 24-26, 2016
100th Anniversary Annual Meeting
American Financial Services Association
The Breakers Palm Beach
Palm Beach, Florida

Join us for the latest on the political landscape, compliance and regulatory challenges, business trends, and enjoy plenty of networking opportunities.

Sessions will cover the overall industry challenges as well as operational issues relevant to specific market sectors. The final day of the meeting - called Spotlight Compliance - will shine light on the ever changing legal, regulatory and compliance realms that are so important in today's financial businesses.

 AFSA’s 350 members include consumer and commercial finance companies, vehicle finance/leasing companies, mortgage lenders, credit card issuers, industrial banks and industry suppliers. The association was founded in 1916 as the American Association of Small Loan Brokers. The group formed to promote state laws that would make small loans more readily available to average Americans, who had few options at the time to receive small personal loans.

info@afsamail.org

---

 

November 11-12, 2016
2016 Western Regional Meeting
Doubletree by Hilton Hotel Anaheim-Orange County
Orange, CA

 Join Us in California for the Western Regional Meeting to Fine Tune
Your Skills and Revisit the California Lenders Law!

Join Ken Greene, Esq. and Jaime Kaneshina, CLFP, BPB
as they revisit the California Lenders Law
and discuss the following topics:

1. Updates to the Application Process
2. DBO Email
3. Doing business with banks and other exempt institutions
4. Annual Reports
5. Audits            
For More Information, please clickhere

 

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

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

Navitas Credit Corp Completes Third & Largest
Term Securitization of $205.1 Million

Ponte Vedra, FL - - Navitas Credit Corp. announced the completion of its third and largest term securitization of equipment loan and lease contracts, Navitas Equipment Receivables LLC 2016-1. Navitas issued $205.1 million of notes. J.P. Morgan Securities LLC was the Structuring Agent and along with Merrill Lynch, Pierce, Fenner & Smith Incorporated were the Joint Bookrunners. SunTrust Robinson Humphrey, Inc. was the Co-Manager.

Gary Shivers, President and CEO of Navitas stated, “We are very proud of the excellent origination and servicing platform that we have built at Navitas and this is reflected in the ratings assigned by the rating agencies on this transaction along with the strong investor demand for our securities. Navitas will continue to be a regular issuer in the securitization market while also increasing financing channels to maintain a diverse access of liquidity to even further grow our platform.”

Four classes of notes were issued in this transaction with the A-1 notes receiving an R-1(High) rating by DBRS and a K1+ from Kroll Bond Rating Agency and the A-2 notes receiving the highest rating possible from DBRS and Kroll of AAA and A from Fitch. This was a private offering pursuant to Rule 144A under the Securities Act of 1933, as amended, by Navitas Equipment Receivables LLC 2016-1, a wholly owned subsidiary of Navitas Credit Corp.

About Navitas Credit Corp.
Navitas offers business lending and support services and is headquartered in Ponte Vedra, Florida, with sales and service offices located nationwide. The company provides equipment financing and working capital solutions to small and medium sized businesses directly and through developing referral programs with equipment vendors, lease and loan brokers, and strategic alliances. For more information about Navitas please visit our website at www.navitascredit.com or call 877-NAVITAS (628-4827).

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

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

 

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

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

CA DBO Announces $2.7 Million Settlement with LendUp
to Redress Widespread Violations of Payday, Installment Loan Laws

Firm Charged Thousands of Borrowers Unlawful Fees and Rates
SACRAMENTO – The California Department of Business Oversight (DBO)  signed a settlement with Flurish, Inc. (LendUp) that requires the firm to pay $2.68 million to resolve allegations it charged illegal fees and committed other widespread violations of payday and installment lending laws.

Jan Lynn Owen
DBO Commissioner

“The illegal fees affected thousands of California borrowers and showed a persistent failure by LendUp to comply with California consumer protection laws,” said DBO Commissioner Jan Lynn Owen.  “This settlement will help ensure harmed borrowers are made whole and LendUp is held accountable.” 

The $2.68 million includes $1.62 million of refunds for customers charged unlawful fees and interest rates.  LendUp also will pay DBO $1.06 million, which includes a $100,000 penalty and $965,462 to cover costs.

LendUp already had paid $1.08 million of refunds.  It still owes $537,000 to borrowers for whom the firm has been unable to deposit payments in a bank account.  Under the settlement, LendUp will provide an email notice to those customers which gives them 20 days to provide either updated bank account information or a home address to receive their refund.  

The DBO conducted regulatory examinations of LendUp under the state’s payday lending statute, the California Deferred Deposit Transaction Law (CDDTL), and the installment lending statute, the California Finance Lenders Law (CFLL).  The payday examination covered the period from Feb. 8, 2012 to May 1, 2014.  The CFLL examination covered the period from June 25, 2012 to Aug. 1, 2014.

Combined, the examinations found a total of 385,050 individual violations of the two laws. Following is a summary:

• LendUp charged borrowers what it called “expedited fees” to receive loan proceeds the same day they were approved.  Such fees are unlawful under both lending laws.

• LendUp did not disclose the expedited fees as finance charges and, as a result, understated annual percentage rates.  This violated the state’s installment lending statute as well as the federal Truth in Lending Act.

• LendUp charged payday borrowers a fee to extend their payment period from 15 days to 30 days.  The payday lending statute prohibits such fees.

• LendUp required customers to take out both a payday loan and an installment loan.  Both lending laws prohibit conditioning the provision of a loan on the customer buying other goods or services.

• LendUp wrongly calculated interest rates, in violation of the California installment loan statute, resulting in overcharges to borrowers.

LendUp’s loan activity under the CFLL more than doubled in 2015 compared to 2014.  The number of loans increased by 109.8%, to 75,188, and the principal amount increased by 224.7%, to $22.3 million.

The DBO investigation was conducted in coordination with the Consumer Financial Protection Bureau, which today announced a separate settlement with LendUp.

The DBO licenses and regulates more than 360,000 individuals and entities that provide financial services in California.  DBO’s regulatory jurisdiction extends over state-chartered banks and credit unions, money transmitters, securities broker-dealers, investment advisers, non-bank installment lenders, payday lenders, mortgage lenders and servicers, escrow companies, franchisors and more.

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

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

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

State Government Tax Increase in 2015
Income Taxes Drove Most of the Growth

State government tax revenue increased 4.8 percent, from $875.0 billion in fiscal year 2014 to $916.5 billion in 2015 ─ the fifth consecutive increase, according to the U.S. Census Bureau’s 2015 Annual Survey of State Government Tax Collections.

Income taxes drove most of the growth, accounting for $27 billion of the $41 billion increase, from $360.1 billion to $387.2 billion, or 7.5 percent.

The 2015 Annual Survey of State Government Tax Collections provides a comprehensive look at state governments and contains statistics on the tax collections of all state governments, including receipts from compulsory fees. State governments and businesses have been using these statistics since 1951 to make policy and investment decisions.

Revenue statistics are broken down into 25 subcategories, such as motor fuel taxes, amusements taxes and hunting license taxes. Tax revenue statistics also include related penalty and interest receipts of the governments.

Other highlights:

Corporate income taxes rose to $49.1 billion in 2015, from $46.9 billion in 2014, or 4.7 percent, while individual income taxes rose to $338.1 billion, from $313.2 billion, or 7.9 percent.

Severance taxes decreased 29.1 percent, from $17.8 billion to $12.6 billion. Much of this decrease was due to a decline in oil extraction.

States that showed the largest revenue decreases in severance taxes were all major oil producers:

• Alaska: Decrease of 95.7 percent, from $2.5 billion to $0.1 billion.
• Texas: Decrease of 33.4 percent, from $6.0 billion to $4.0 billion.
• Oklahoma: Decrease of 18.1 percent, from $679.4 million to $556.5 million.
• Louisiana: Decrease of 15.2 percent, from $862.2 million to $731.3 million.
• North Dakota: Decrease of 13.5 percent, from $3.3 billion to $2.8 billion.

The severance tax decreases caused total tax collections to decrease in the following states:

• Alaska: Decrease of 74.6 percent, from $3.4 billion to $0.9 billion.
• North Dakota: Decrease of 6.2 percent, from $6.1 billion to $5.7 billion.
• Texas: Decrease of 0.1 percent, from $55.1 billion to $55.0 billion.

Note: These statistics do not include employer and employee assessments for retirement and social insurance purposes. Also excluded are collections for the unemployment compensation taxes imposed by each of the state governments. These statistics include tax collections for state governments only; they do not include tax collections from local governments.

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

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

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

Latin America Equipment Leasing Industry
Outperforms Economy

Alta LAR 100 Report reveals industry size, changes and major players in Mexico, Colombia, Chile, Brazil, Argentina, Venezuela, Ecuador, Peru, Puerto Rico and other countries.
 
FORT LAUDERDALE, FL,  - The equipment leasing and finance industry in Latin America grew an average 17% in 2015 as measured in local currencies, an impressive feat given the region’s overall economic performance, notes the latest Alta LAR 100 report by The Alta Group Latin American Region (Alta LAR).  Report details and the most recent ranking of the 100 largest leasing companies in in the region will be discussed at the Latin American Leasing Conference Nov. 10-11 in Miami.

Rafael Castillo-Triana
Alta LAR CEO

“This is good news for Latin American economies, since it shows that a key engine of capital formation in these countries – equipment leasing – is still working and promises to contribute to the comeback of times of growth,” Alta LAR CEO Rafael Castillo-Triana wrote in the report. “This is evidence that the leasing industry is countercyclical, not only because it may grow despite the overall macroeconomic environment, but also because it contributes to the future growth of economies by fostering capital investment.”
 
The International Monetary Fund estimates that the overall economic growth rate in Latin America declined 0.5% in 2015. A 0.1% decline is predicted this year, driven by Brazil, Ecuador and Venezuela. All other countries will either grow below their average historic growth, or above average.
 
While the leasing industry performed well overall, it expanded in some countries while contracting in others. The Alta LAR 100 estimates positive growth rates in Mexico, Colombia, Chile, Argentina, Peru, and negative in Brazil, Venezuela, Ecuador, Puerto Rico. It also identifies significant shifts in the main drivers of growth, key players and origin of multinationals, and reveals how regulations are impacting the industry.
 
A report summary is available for download with free registration
http://bit.ly/2cCWD1j
 
For more information about the Latin America Leasing Conference Nov. 10-11 in Miami on “Taking Advantage of New Challenges,” visit www.thealtaconferencias.com or contact kforster@thealtagroup.com. The conference will feature simultaneous English and Spanish translations, with leasing leaders from 15 nations expected to attend. The Forum preceding the conference on Nov. 9 will focus on the “Impact of the New Standards and Regulations on the Leasing and Renting Industry.” It will be conducted in Spanish.

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

 

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

Fernando's View
By Fernando F. Croce

A robust Western (“The Magnificent Seven”) and a taut thriller (“Imperium”) come to theaters, while DVD releases include giddy satire (“Popstar”), a striking debut (“The Fits”), and unsettling suspense (“Dr. Mabuse, the Gambler”).

In Theaters:

The Magnificent Seven (Columbia Pictures): The all-star 1960 Western classic gets the diversity treatment in this robust remake, directed by Antoine Fuqua (“Training Day”). Fuqua’s favorite leading man Denzel Washington stars as Sam Chisolm, an Old West bounty hunter whose latest mission takes him to the frontier town of Rose Creek. Hired by determined widow Emma (Haley Bennett), Sam learns of the corrupt industrialist (Peter Sarsgaard) controlling the village and gathers a group of fellow fighters to come to the rescue. They include a Southern sharpshooter (Ethan Hawke), a Scripture-quoting mountain man (Vincent D’Onofrio), and a Comanche gunslinger (Martin Sensmeier). Tackling a story that goes back beyond the original and into Akira Kurosawa’s samurai yarns, Fuqua creates a handsomely old-fashioned shoot ‘em up with its own view of communal fulfillment.

Imperium (Lions Gate): Still best known as Harry Potter in the phenomenally popular film adaptations of J.K. Rowlings’ fantasy novels, Daniel Radcliffe has been establishing himself as a strong actor in gritty films. Such is the case of his sharp and bold performance in this taut thriller, a true-story tale that remains chilling and relevant from beginning to end. Radcliffe plays FBI agent Nate Foster, whose newest assignment leads him undercover into dangerous hate groups in the American heartland. Disguised as a skinhead, Foster infiltrates a rabid white supremacist gang, where he learns of brutal militias and bombing plots. As the web of suspicious closes tight around him, how high a price is Foster willing to pay for the case? Tensely directed by Daniel Ragussis, this tale of ingrown bigotry benefits greatly from Radcliffe’s ace commitment.

Netflix Tip: A cinematic craftsman of rare polish and versatility, Curtis Hanson (1945-2016) left a rich filmography across a wide variety of genres. So check out his best films, which include “The Bedroom Window” (1987), “L.A. Confidential” (1997), “Wonder Boys” (2000), “8 Mile” (2002) and “In Her Shoes” (2005).

On DVD:

Popstar: Never Stop Never Stopping(Universal): After years of sharpening their satirical talents with "Saturday Night Live" shorts, The Lonely Island comedy trio of Andy Samberg, Jorma Taccone and Akiva Schaffer hit the big screen with an uproarious mockumentary that's already drawing comparisons to the classic "This Is Spinal Tap." Samberg stars as self-centered musician Conner4Real, who, after leaving behind his childhood friends Owen (Taccone) and Lawrence (Schaffer), embarks on a successful hip-hop career. Egotistically sure that his new album will bring him untold riches, Conner hires a film crew to make a documentary about himself. Of course, things scarcely go as originally planned. With gags popping up at a machine-gun pace, The Lonely Island's film delivers a sharp roasting of the music industry and celebrity silliness in general.

The Fits (Oscilloscope): A promising debut for writer-director Anna Rose Holmer, this indie drama follows its Sundance Film Festival run with a lyrical look at a young girl's life. The story centers on Toni (played by newcomer Royalty Hightower), an 11-year-old tomboy who hangs out at a Cincinnati training center where her older brother trains to become a boxer. It's there that she becomes fascinated with a girl dance troupe, and she slowly comes out of her shell as she becomes friends with a dancer named Beezy (Alexis Neblett). Toni's discovery of a wider new world, however, takes a sharp and potentially dangerous turn when the group begins to suffer from fainting spells. Short, sharp and remarkably self-assured, Holmer's film is a rough-hewn gem, navigating its main protagonist's pubescent psyche with an impressive combination of grit and uplift.

Dr. Mabuse the Gambler (Kino): Cinema’s ruthless poet of paranoia, the great German director Fritz Lang (“Metropolis”) was a peerless engineer of disturbing visions, particularly those which reflected fearful times. Considered by critics to be his first major film, this two-part silent thriller from 1922 shows the filmmaker at an early stage of his career but already working with themes that would haunt all of his classics. The eponymous character, played by Rudolf Klein-Rogge, is a criminal mastermind who, with the help of an army of accomplices and a bottomless supply of disguises, grips Berlin with schemes of murder and gambling. His reign of terror takes a sharp turn, however, when a tenacious police inspector (Bernhard Goetzke) starts to investigate. Full of bizarre turns and cliffhangers, Lang’s early masterpiece still thrills and unsettles.

 

Labrador Retriever Mix
Oceanside, California  Adopt-a-Dog

Benny
#52312
Male
7 Yrs., 9 months, 4 weeks
62.6 lbs.
Adoption Fee: $25.00

 

"How I arrived: I was brought in by my previous owner on June 27, 2016 because they no longer had time for me.

"At SDHS: I'm tall, blonde and OH, SO HANDSOME! I'm super smart and eager to please. I will impress you with my "sit", "down", and "shake" moves! I'm energetic and need daily exercise to stay happy and healthy. If there are any other dogs in my new home, I'd love to meet them prior to adoption.

"Why I am the one for you: My Personality Color Code is Orange; meaning I'm Vivacious... enthusiastic... bubbly... vibrant...and cheerful!!"

I'm currently located at
Oceanside Campus - Dogs
2905 San Luis Rey Rd. Oceanside 92058
(760) 757-4357

info@sdhumane.org
San Diego Humane Society

http://www.adoptapet.com/

 

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

Leasing News Classified Ads

Operations / Remarketing / Repossessions

Operations: Portland , OR Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. 800-547-4905 sales@pfsc.com	Repossessions: Southern California (except San Diego). Full service repossession agency. All vehicles, big rigs, boats, heavy equipment and machinery. Licensed and insured 818-786-7376. www.simonsrecovery.com. adam@simonsrecovery.com
Repossessions: Canada  Cease Bailiff Services Incorporated: Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security Asset Liquidations/Sales; Ottawa, Canada;www.ceasebailiff.ca dave@ceasebailiff.ca; Phone 613 898 7376 ; Fax 613 225 2452	Remarketing: Los Angeles, CA Video, Audio, Film, Computer, IT, Test, Presentation Equipment We pay cash / 3 million in buying power /Quick Quotes UBG 800-570-5224  jon@usedvideo.org
Repossessions: All kinds of vehicles, equipment and machinery. Anywhere in the United States. Anything, Anywhere, Professionally  800-755-1968  Rayc@american-locators.com	Repossessions: Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968 ecastagna@inplaceauction.com
Repossessions/Remarketing Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email: http://bulldogasset.com/contact www.bulldogasset.com	Repossessions: Florida Commercial Asset Solutions, Florida repossessions and skip tracing. We have been repossessing assets longer than anyone with the highest rate of return. We do not outsource your problems, we solve them ourselves. 30 years solving problems for the top commercial lenders. Our reputation is second to no one!  Mark Lacek 407-948-7087
Repossession/Remarketing San Francisco Bay Area SFBAAM, LLC:  20 years’ experience in equipment FMV's, Repossessions, Lease Returns & Remarketing.  We handle Copiers, Test Eq., Networking, IT, Medical, Industrial.  No Repossession pick-up fees in the Bay Area.  Over 50 million in assets remarketed.  We are in compliance w/ the major banks.   zack@sfbaam.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---

Container Lessors Count the Major Mounting Costs
    from Missing Hanjin Containers
https://theloadstar.co.uk/lessors-count-mounting-costs-missing-hanjin-containers/

Wells Fargo CEO slammed for ‘suspicious’ $13M stock sale
  Insider Trading?
http://nypost.com/2016/09/29/wells-fargo-ceo-slammed-for-suspicious-13m-stock-sale/

Lawmakers to Wells Fargo CEO:
   'Why shouldn't you be in jail?'
http://www.chicagotribune.com/business/ct-wells-fargo-ceo-capitol-hill-20160929-story.html

California Treasurer Suspends Ties With Wells Fargo
Citing Wells Fargo’s “venal abuse of its customers”
http://www.nytimes.com/2016/09/29/business/dealbook/california-wells-fargo-john-stumpf.html?_r=0

Yellen refutes Trump's partisan charges,
   says bank rules should tighten
http://www.usatoday.com/story/money/2016/09/28/janet-yellen-federal-reserve-house-financial-services-testimony/91213092/

Pressure is building for Germany
   to show it's ready to rescue Deutsche Bank
http://www.cnbc.com/2016/09/29/pressure-seen-building-for-germany-to-rescue-deutsche-bank.html

Deutsche Bank opens digital factory, hires 400 specialists
  Plans to Double Staff by 2018
http://www.reuters.com/article/us-deutsche-bank-digital-idUSKCN11Z26E

Personal Network Lender Able Lending
     Raises $100 Million As Debt
http://debanked.com/2016/09/personal-network-lender-able-lending-raises-100-million-as-debt/

Global Dental Surgical Equipment Industry
  Link to Full Report Included
http://www.prnewswire.com/news-releases/global-dental-surgical-equipment-industry-300336131.html

Fiserv to provide tech for 8,000 ATMs
   in 7-Eleven stores across the country
http://www.bizjournals.com/milwaukee/news/2016/09/28/fiserv-to-provide-tech-for-8-000-atms-in-7-eleven.html

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

--You May Have Missed It

More Wealth, More Jobs, but Not for Everyone:
 What Fuels the Backlash on Trade
http://www.nytimes.com/2016/09/29/business/economy/more-wealth-more-jobs-but-not-for-everyone-what-fuels-the-backlash-on-trade.html?src=me

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

Baseball Poem

    Stubs
What is it
About ticket stubs
That prevents me
From throwing them away

Not just the precious few

From a World Series
But lately
I can't throw any away

They do not bring to mind

Vivid memories
Of good times
Or remembrances
Of hits and runs past

Yet they stand for something For times I traveled
Outside of time
Like stamped passports
They are all the proof remaining
Of my trips

Written by Gene Carney, published in
“Romancing the Horsehide: Baseball Poems
on Players the Game”
Published by McFarland and Company

 

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

Sports Briefs----

Chip Kelly earning praise from players for support of Colin Kaepernick
http://www.espn.com/blog/san-francisco-49ers/post/_/id/19960/chip-kelly-earning-praise-from-players-for-support-of-colin-kaepernick

The real reasons why Colin Kaepernick isn’t starting for 49ers
http://www.pressdemocrat.com/sports/6140668-181/grant-cohn-the-real-reasons

Boys' Team Takes a Knee, Gets Death Threats
http://thelab.bleacherreport.com/the-fight-of-their-lives/

New Sacramento Kings arena hailed for transgender-friendly restroom
http://www.sacbee.com/news/local/city-arena/7331.html

Randy Gregory Suspended 10 Games:
  Latest Details, Comments, Reaction
http://bleacherreport.com/articles/2666701-randy-gregory-suspended-10-games-latest-details-comments-reaction

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

California Nuts Briefs---

Soberanes Fire Containment Jumps To 92%
http://patch.com/california/saratoga/s/fwdgw/soberanes-fire-containment-jumps-to-92

Loma Fire: Growth slowed, now at 34 percent containment
http://www.mercurynews.com/2016/09/28/loma-fire-growth-slowed-containment-expected-by-monday/

State-managed retirement plan becomes reality
   with Brown’s signature
http://www.sacbee.com/news/politics-government/capitol-alert/article104911716.html#emlnl=Todays_Top_Stories

Single-user public bathrooms will be all-gender in California
http://www.sacbee.com/news/politics-government/capitol-alert/article104995296.html

Commuter ferry service approved from East Bay to San Francisco, Redwood City
http://www.eastbaytimes.com/2016/09/29/commuter-ferry-service-approved-from-berkeley-emeryville-to-san-francisco-redwood-city/

State approves plan to shutter three Humboldt County nursing homes
http://www.sacbee.com/news/investigations/article104804921.html

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

“Gimme that Wine”

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

California Grape Crop Estimated at 3.9 Million Tons
http://www.winesandvines.com/template.cfm?
section=news&content=175163

Heat spike kicks North Coast grape harvest into high gear
http://www.pressdemocrat.com/business/6138653-181/heat-spike-kicks-north-coast?artslide=0

Napa winemakers harvesting red grapes expect better flavor
http://napavalleyregister.com/news/state/napa-winemakers-harvesting-red-grapes-expect-better-flavor/article_b6dfd41f-5d14-5047-8a68-80ed34b2d441.html

Heavy rains a mixed blessing for Idaho growers
http://www.capitalpress.com/Idaho/20160928/heavy-rains-a-mixed-blessing-for-idaho-growers

Napa Matriarch's Death Evokes Fond Memories
http://www.wine-searcher.com/m/2016/09/napa-matriarch-s-death-evokes-fond-memories

The French Laundry’s Sommelier Picks
  His Four Most Exciting Napa Cabernets
http://robbreport.com/wine-spirits-cigars/slideshow/french-laundrys-sommelier-picks-his-four-most-exciting-napa-cabernets

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

   1541 - Spanish conquistador de Soto and his forces enter Tula territory in present-day western Arkansas, encountering fierce resistance.
     1630 - John Billington, one of the first pilgrims to land in America, was hanged for mur­der, becoming the first criminal to be executed in the American Colonies. He was one of the signers of the Pilgrim's compact. He way-laid a young man, one John Newcomin (“about a former quarele, and shote him with a gune, whereof he dyed.”)
    1659 - Peter Stuyvesant of New Netherlands (the Delmarva peninsula to extreme southwestern Cape Cod) forbade tennis playing during religious services.  This is believed to be the first reference to tennis in what would become the US.
    1777 – With the British advancing, Congress fled to York, PA.
    1787 - The first ship to carry the American flag around the world was the “Columbia,” a 212-ton vessel under Captain Kendrick that sailed from Boston, MA on a fur-trading mission to Canada. It was accompanied by the sloop “Washington,” under Captain Robert Gray, who exchanged commands with Captain Kendrick and completed the trip, returning to Boston on August 9, 1790. The trip took nearly three years and covered a distance of 41,899 miles. The crew explored the Queen Charlotte Island and discovered the straits of Juan de Fuca and the mouth of the Columbia River.
    1788 - The Pennsylvania Legislature elected the first two members of the U.S. Senate - William Maclay of Harrisburg and Robert Morris of Philadelphia.
    1811 - The first year exports exceeded imports. Imports were $43.5 million and exports were $45.3 million and of foreign merchandise (the territories) $16 million for total exports of $61.3 million.
    1832 – Ann Jarvis, (d. 1905), the inspiration for Mothers’ Day, was born in Culpeper, VA. 
    1846 - William Thomas Green Morton (1819-68) was an American dentist who first publicly demonstrated the use of inhaled ether as a surgical anesthetic, in Boston.
    1851 - The barge "Mount Washington" arrived in port with cargo that included macaroni and other foods, candles, soap, fishing nets, books and mail. Mail was delivered to the post master by Capt. Ebenezer G. Libby.
    1861 – William Wrigley, Jr., (d. 1932) was born in Philadelphia.  He was founder of the Wm. Wrigley, Jr. Company in 1891, rumored to have co-founded his namesake company with a lesser known Canadian named J.W. Flavelle, who was a close childhood friend. 
    1882 – Edison’s first commercial hydroelectric power plant (later known as Appleton Edison Light Company) begins operation on the Fox River in Appleton, WI.
    1904 – White Sox pitcher Doc White threw his fifth shutout in eighteen days. The southpaw pitched six of his season total of seven shutouts in September.
    1917 - Drummer Buddy Rich (d. 1987) birthday, Brooklyn.  He performed with many bandleaders, most notably Tommy Dorsey, Harry James, Count Basie, and led his own "Buddy Rich Big Band".
http://www.buddyrich.com/bio.html
    1922 - Bassist Oscar Pettiford (d. 1960) was born, Okmulgee, OK.  He was one of the earliest musicians to work in the bebop idiom.
    1924 - American novelist and literary celebrity was born Truman Streckfus Persons (d. 1984) at New Orleans, LA. He later took the name of his stepfather and became Truman Capote. Among his best remembered books: “Other Voices, Other Rooms,” “Breakfast at Tiffany's”and “In Cold Blood.”He was working on a new novel, “Answered Prayers,”at the time of his death.
    1924 – 48-year-old Nick Altrock pitched the last two innings for the Nationals and gave up a run, while driving in the lone tally with a triple. With the Red Sox outfielders making little attempt to run the ball down, Altrock became and still is, the oldest player in Major League history to hit a triple.
    1926 – Phillies’ Hall of Fame pitcher Robin Roberts (d. 2010) was born in Springfield, IL.  Roberts won 286 games in a 19-year career with a 3.24 ERA for mostly horrible Phillies teams.  One of baseball's great pitchers of the 1950s, he was a workhorse who eight times had over 20 complete games in a season and averaged over 300 innings pitched during a nine-year period. He won 20 or more games in six seasons, and at least ten games in 16 ML seasons. 
    1927 - George Herman ‘Babe” Ruth hit his 60th home run of the season off Tom Zachary of the Washington Senators, breaking his own record of 59. Ruth's record for the most homers in a single season stood for 34 years until Roger Mans hit 61 in 1961. In the 9th, Walter Johnson, made his final appearance before retiring.
    1928 – Elie Wiesel (d. 2016) was born in Romania.  An American Jewish writer, professor, political activist, Nobel Laureate and Holocaust survivor, he was the author of 57 books, written mostly in French and English, including “Night,“ a work based on his experiences as a prisoner in Auschwitz and Buchenwald during World War II.  He was also a professor of the humanities at Boston University, which created the Elie Wiesel Center for Jewish Studies in his honor. He was involved with Jewish causes, helped establish the US Holocaust Memorial Museum in Washington, D.C. and remained a strong defender of human rights during his lifetime. He had been described as "the most important Jew in America" by the Los Angeles Times.  Wiesel was awarded the Nobel Peace Prize in 1986.      
    1934 - The Babe played his last game for the New York Yankees. Soon after, while watching the fifth game of the World Series (between St. Louis and Detroit) and angry that he was not to be named Yankees manager, Ruth told Joe Williams, sports editor of the Scripps-Howard newspapers, that after 15 sea­sons he would no longer be playing for the Yankees.
    1935 - Singer Johnny Mathis born Gilmer, Texas.  Starting his career with singles of standard music, he became highly popular as an album artist, with several dozen of his albums achieving gold or platinum status and 73 making the Billboard charts to date. Mathis has sold well over 350 million records worldwide, according to “Guinness Book of World Records” writer and charts music historian Paul Gambaccini and other sources. This makes Mathis the third biggest selling artist of the 20th century. 
    1935 – The Hoover Dam is dedicated.
    1935 - The Gershwin musical “Porgy and Bess” opens at Boston's Colonial Theatre. While not commercially successful, a revival in 1942 would turn it into one of the longest-running musicals in history.
    1939 – NBC broadcast the first televised football game between the Waynesburg State Yellow Jackets and the Fordham University Rams. Fordham won the game 34–7.
    1946 – The military tribunal at Nuremberg, Germany found 22 top Nazi leaders guilty of war crimes.
    1947 - The first World Series to be televised opened with the New York Yankees beating the Brooklyn Dodgers, 5-3. Dodgers’ rookie, Ralph Branca, at age 21, became the youngest pitcher to start a World Series game.  The Yankees won the Series, four games to three. The entire series was telecast under the joint sponsorship of the Ford Motor Company and the Gillette Safety Razor Company at a cost of $65,000. The play-by-play descriptions were given by Bob Edge, Bob Stanton, and Bill Slater.
    1951 - ”Red Skelton Show” premiers. Vaudevillian and radio per­former Red Skelton hosted several popular variety shows on NBC and CBS in a career that spanned 20 years. He was a gifted comedian, famous for his loony characters, sight gags, pan­tomimes and ad-libs. His show was also notable for introducing Johnny Carson and the Rolling Stones to national audiences.
    1951 – Jackie Robinson hit an upper-deck home run in the 14th inning off Robin Roberts, who came on in the 8th, to give the Dodgers a critical 9-8 win over the Phillies. Robbie saved the game in the 13th by making a great catch of a line drive and throwing to second base for a double play. The Dodgers overcame a 6-1 deficit to win and set the stage for a playoff with the Giants.
    1954 - Julie Andrews makes her Broadway debut in “The Boy Friend.”
    1954 – The world’s first nuclear-powered submarine, USS Nautilus, was commissioned.
    1955 - James Dean meets his end. It was at the intersection of what are now highways 41 and 46 (41 and 466 then) at Cholame, California. He was 25 miles away from US 101 and would have taken that road. Dean was on his way from LA to Monterey to race his Porsche. Most people think it was Dean's fault, probably due to speed, and he did get a speeding ticket earlier that day, but police at the scene don't believe he was speeding at the time. Besides, his aluminum Porsche was no match for a big heavy Ford. This is a Y intersection, and Dean had the right of way. He was headed west on 466 into the setting sun and didn't see the approaching Ford.  The Ford driver probably didn't see the silver Porsche, and turned left in front of Dean onto 41 toward Kettleman City. No time to stop. I've been to that location. I still have my 1961 Super 90.
http://www.americanlegends.com/bookstore/deanstory/intro.html
http://www.snopes.com/autos/cursed/spyder.asp
http://www.allsands.com/jamesdeanbiogr_rz_gn.htm
http://members.aol.com/jaydeebee1/memorial.html
http://www.20six.co.uk/weblogCategory/1pptzo5jz5iqo
http://www.jamesdean.com/
    1956 - Top Hits
“Canadian Sunset” - Hugo Winterhalter and Eddie Heywood
“The Flying Saucer” (Parts 1 and 2) - Buchanan and Goodman
“Honky Tonk” (Parts 1 and 2) - Bill Doggett
“Don't Be Cruel/Hound Dog” - Elvis Presley
    1960 - ”The Flintstones” premiered on ABC-TV. This Hanna-Barbera cartoon comedy was set in prehistoric times. Characters included two Stone Age families, Fred and Wilma Flintstone and neighbors Barney and Betty Rubble. It is widely believed that this was a take-off on “The Honeymooners” as the Fred character was the loud, boisterous persona of Ralph Kramden, and the goofy, comedic Barney was similar to Ed Norton.  Also, Wilma had Alice’s dark hair while Betty was a blonde as was Trixie.  In 1994, “The Flintstones” movie was released, star­ring John Goodman, Rick Moranis and Rosie O'Donnell. It also was the first cartoon series to be televised on prime-time.
http://www.topthat.net/webrock/
    1960 - On Howdy Doody's last TV show, Clarabelle, played by Bob Keeshan who later became Captain Kangaroo, finally talks: "Goodbye Kids."
    1961 - Bob Dylan plays harmonica on three cuts recorded for his friend Caroline Hester's first Columbia album. The session is produced by John Hammond and he is so impressed that he promptly signs Dylan to a deal. Now that Dylan is a part of Columbia Records, Hammond arranges for a solo recording session in October.
    1961 – An early season snowfall occurred over the northern plains with the greatest total (4 inches in the Ulm-Mankato area in Minnesota). Omaha, NE had its first September snow in 70 years.
    1962 - Rioting broke out when James Meredith became the first black to enroll in the all-white University of Mississippi. President Kennedy sent 3000 US troops to the area to force compli­ance with the law. Three people died in the fighting and 50 were injured. The next day, Meredith was enrolled and began to attend classes amid continuing disruption by protestors. On June 6, 1966, Meredith was shot while participating in a civil rights march at Mississippi. On June 25, Meredith, barely recovered, rejoined the marchers near Jackson, MS.
    1962 - The National Farm Workers Association, founded by Cesar Chavez and a forerunner of the United Farm Workers, held its first meeting in Fresno, Calif.
    1964 - Top Hits
“Oh, Pretty Woman” - Roy Orbison
“Bread and Butter” - The Newbeats
“G.T.O.” - Ronny and The Daytonas
“I Guess I'm Crazy” - Jim Reeves
    1966 - Three-day Acid Test opened at San Francisco State College Commons. The test was to peak on the evening of Oct. 1. The Grateful Dead perform.  Posters from this era are quite the collector items.
http://www.richardandmimi.com/posters.html
    1966 - At Comiskey Park in the top of the ninth inning, Roger Maris, in his last at-bat as a Yankee, slams a two-run home run as a pinch-hitter putting the club ahead of the White Sox, 5-4. As the slugger contemplates retirement, the former two-time American League MVP is stunned and embarrassed when New York trades him in the off-season to the Cardinals for utility player Charley Smith.  After his record-setting year in 1961, Maris suffered a series of injuries, including a mis-diagnosed broken wrist, that kept him idle for long stretches and gradually, he fell out of favor with the fans and Yankees management.  It is notable that in his two years with the Cardinals, they went to the World Series both years and won in ‘67 over the Boston Red Sox.  Maris hit .385 with two homers in that Series.  For his career, he was on three World Series winners of a total of seven Series appearances.
    1967 - Van Morrison's "Brown-Eyed Girl" peaks at #10 on the singles chart.
    1967 - 13th Floor Elevators; Quicksilver Messenger Service at the Avalon Ballroom in San Francisco, presented by the Family Dog collective.
    1968 - The Boeing 747 was rolled out and shown to the public for the first time at the Boeing factory in Everett, WA.
    1970 - A nineteen-month drought in southern California came to a climax. The drought, which made brush and buildings tinder dry, set up the worst fire conditions in California history as hot Santa Anna winds sent the temperature soaring to 105 degrees at Los Angeles, and to 97 degrees at San Diego. During that last week of September, whole communities of interior San Diego County were consumed by fire. Half a million acres were burned, and the fires caused fifty million dollars damage.
    1972 - Roberto Clemente of the Pittsburgh Pirates doubled against New York Mets pitcher Jon Matlack as the Pirates defeated the Mets, 5-0. It was Clemente's 3,000 career hit and his last one as he was killed in a plane crash on Dec 31, delivering relief supplies to earthquake victims in Nicaragua.
    1972 - Top Hits
“Baby Don't Get Hooked on Me” - Mac Davis
“Saturday in the Park” - Chicago
“Back Stabbers” - O'Jays
“I Ain't Never” - Mel Tillis
    1976 - California became the first state to enact a “Right-to-Die” law, which allowed physicians of terminally ill patients to withhold life-sustaining procedures under certain conditions.
    1976 - "Two Centuries of Black American Art" opens at the Los Angeles County Museum of Art. The exhibit features over 60 lithographers, painters, and sculptors including 19th century masters Joshua Johnston, Edward Bannister, and Henry O. Tanner as well as modern artists Charles White, Romar Bearden, and Elizabeth Catlett. The exhibit's catalogue notes that the assembled artists' work proves “the human creative impulse can triumph in the face of impossible odds, and at times even because of them.”
    1977 - The Rolling Stones release their "Bridges to Babylon" LP.
    1977 - The temperature at Wichita Falls, TX, soared to 108 degrees to establish a record for September.
    1977 – "Kiss You All Over" by Exile topped the charts and stayed there for 4 weeks.
    1980 – Ethernet technologies specifications, commonly used in LANs and metropolitan area networks, were published by Xerox working with Intel and Digital Equipment Corp.
    1980 - Top Hits
“Upside Down” - Diana Ross
“All Out of Love” - Air Supply
“Another One Bites the Dust” - Queen
“Old Flames Can't Hold a Candle to You” - Dolly Parton
    1982 - ”Cheers” premiered. NBC sitcom revolving around the owner, employees and patrons of a Beacon Street bar at Boston. Original cast: Ted Dan­son as owner Sam “Mayday” Malone, Shelley Long and Rhea Perlman as waitresses Diane Chambers and Carla Tortelli, Nicholas Colasanto as bartender Ernie “Coach” Pantusso, John Ratzenberger as mail­man Cliff Clavin and George Wendt as accountant Norm Peter­son. Later cast members: Woody Harrelson as bartender Woody Boyd, Kelsey Grammar as Dr. Frasier Crane, Kirstie Alley as Rebecca Howe and Babe Neuwirth as Dr. Lilith Sternin Crane. The theme song “Where Everybody Knows Your Name,” was sung by Gary Portnoy and written by him and Judy Hart Angelo. Cre­ated by Glen Charles, Les Charles and James Burrows. The last episode aired Aug 19, 1993.
http://epguides.com/Cheers/
http://www.tvtome.com/Cheers/
http://members.aol.com/TampaChatr/cheers.html
http://www.cheersboston.com/index_bh.html
    1982 – Cyanide-laced Tylenol killed six in the Chicago area. Seven were killed in all.  The incidents led to reforms in the packaging of over-the-counter substances and to federal anti-tampering laws. The actions of Johnson& Johnson to reduce deaths and warn the public of poisonings risks has been widely praised as an exemplary response to such a crisis.
    1984 - “Murder, She Wrote” premiers. Angela Lansbury starred as crime novelist Jessica Fletcher from Cabot Cove, Maine, who traveled the country solving murders. This top-rated detective show was unusual in having an older female star, since young men are usu­ally preferred in leading roles on TV. Also appearing were Tom Bosley as Sheriff Amos Tupper and William Windom as Dr. Seth Hazlett. The program ran for 12 years.
http://www.mysteries.com/tv/murder.html
http://www.museum.tv/archives/etv/M/htmlM/murdershew/murdershew.htm
http://www.jumptheshark.com/m/murdershewrote.htm
    1984 - Yankees first baseman Don Mattingly wins the American League batting title with a .343 average, finishing three points higher than teammate Dave Winfield. It was the first of six consecutive seasons that 'Donnie Baseball' will finish hitting over .300, but will prove to be his only batting crown during a 14-year Major League career. 
    1985 - An early season snowstorm covered the Arrowhead region of Minnesota with 7 to 9 inches of snow. 7 inches fell at Babbitt and Aurora, 7.5 inches at Isabella and 8.5 inches at Polar Lake. This was believed to be the most ever for September in this region.
    1987 - Afternoon thunderstorms in Michigan produced hail an inch in diameter at Pinckney, and wind gusts to 68 mph at Wyandotte. A thunderstorm in northern Indiana produced wet snow at South Bend. Seven cities in the northwestern U.S. reported record high temperatures for the date, including readings of 98 degrees at Medford, OR and 101 degrees at downtown Sacramento, CA
    1988 - Pitcher Orel Hershiser of the Los Angeles Dodgers extended his streak of consecutive scoreless innings to 59, thereby breaking Don Drysdale's mark by one inning. Hershiser shut out the San Diego Padres for 10 innings, but the Padres won the game 2-1, in 16 innings.
    1988 - Ronald Reagan, nearing the end of his presidency, throws out the ceremonial first pitch at Wrigley Field. The former Cub announcer then spends an inning and a half doing play-by-play with Harry Caray in the WGN television booth
    1988 - Top Hits
“Don't Worry Be Happy” - Bobby McFerrin
“I'll Always Love You” - Taylor Dayne
“Love Bites” - Def Leppard
“Addicted” - Dan Seals
    1988 - Unseasonably warm weather prevailed over Florida, and in the western U.S. The afternoon high of 94 degrees at Fort Myers, FL was their tenth record high for the month. Highs of 98 degrees at Medford, OR and 99 degrees at Fresno, CA were records for the date, and the temperature at Borrego Springs, CA soared to 108 degrees.
    1992 - George Brett of the Kansas City Royals singled off Tom Fortugno of the California Angeles in the 7th inning, thus recording the 3,000th hit of his Major League career. The single gave Brett four hits in a game for the 59th time. He was accorded a standing ovation and became so distracted that he was picked off first.
    1995 - "Fantasy" by Mariah Carey topped the charts and stayed there for 8 weeks.
    1997 – For the first time ever in Major League postseason history, three consecutive homers were hit in a game.  The Yankees’ Tim Raines, Derek Jeter, and Paul O’Neill turned the trick.
    1999 - The largest regular-season crowd in San Francisco Candlestick Park history, 61,389 fans, watch the Dodgers beat the home team, 9-4 in the last baseball game to ever be played at the 'Stick.' Giant greats help mark the occasion with Juan Marichal tossing out the ceremonial first pitch before the game and Willie Mays throwing out the ballpark's final pitch after the game. Sue and I were there.
    2000 - In the highest scoring game in A's franchise history, Oakland defeats the Rangers 23-2 to remain a half-game ahead of the Mariners for the western division lead as Seattle scores the most runs ever against the Angels, 21-9, assuring the team at least a tie for the American League wild card.
    2004 - Merck & Co. pulled Vioxx, its heavily promoted arthritis drug, from the market after a study found it doubled the risk of heart attacks and strokes.
     2007 – The Green Bay Packers’ QB, Brett Favre, throws the 421st TD pass of his career, breaking the NFL career record for most TD passes.
    2013 - GlaxoSmithKline sold its thrombosis drug brands to Aspen Pharmacare for $1.13 billion.