 |
3 Regional Sales Opportunities
NY/NJ; Dallas & Atlanta/Nashville
Manage existing accounts and develop relationships. Min. Req. 3 years equip. leasing sales or strong leasing operations experience. For more information, click here:
|
|
The NEC position pays base plus commission with a total compensation at target of high five to low six figures, with no cap if target is exceeded. Click “for more information” about this “captive lessor.”
Tuesday, September 5, 2006
Headlines---
Balboa: Working Capital for Brokers
Classified Ads—Operation
Archives--ELA introduces PAYNET
PayNet Today--$360BB database
New “List” -- Captive Lessors
Royal Links Up-date
Top Stories--August 28-September 1
Classified Ads—Help Wanted
Pitney Bowes $1.1BB Tax Settlement
Leasing 102 by Terry Winders, CLP
” Dispute Resolution”
Sept. 18-20 Leasing Accounting Conf
Placard--Women who seek to be Equal
Greg Clemens/Mericap Corporation
You May have Missed---
Sports Briefs---
California Nuts Briefs--
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today's Top Event in History
This Day in American History
Baseball Poem
Next Edition --- book review on Jeff Taylor's latest,
"The Future of Equipment Leasing.")
######## surrounding the article denotes it is a “press release”
[headlines]
--------------------------------------------------------------
### Press Release ###########################
Balboa Introduces Working Capital for Brokers
(Irvine, CA) Balboa Capital now offers up to $ 25,000 of Working Capital financing through its broker channel. Brokers can secure this financing for their customers through Balboas standard application process. This new product is available immediately for businesses in the United States.
Balboas Working Capital product is available for terms up to 36 months. Brokers can qualify their customers for up to $25,000 of financing in conjunction with a new equipment lease or they can secure up to $ 20,000 of standalone Working Capital. This product gives Brokers another way to add value for their customers and generate additional revenue for their business, said Curt Lysne, Chief Sales Officer for Balboa Capital.
Customers can use the Working Capital loan for a variety of business expenses such as payroll, rent, or expansion related costs. Customers also use their financing for other costs related to their equipment lease such as supplies and consumables.
Balboa Capital has been offering Working Capital for over ten years. The product is popular with small and mid-sized companies that are looking for sources for additional capital.
About Balboa Capital
Balboa Capital provides equipment leasing and financing to small and mid-sized business in the United States. The company markets its products through its direct sales force, vendor channel, and broker partnerships. The company offers leases in the range of $ 2,000 to $ 5,000,000. Balboa Capital is privately held and based in Irvine, CA.
Contact:
Balboa Capital
Jonathan Albin
jonea@balboacapital.com
Curt Lynse
clysne@balboacapital.com
(949) 553-3498
[headlines]
### Press Release ###########################
--------------------------------------------------------------
Classified Ads—Operation
Icicle Ridge Winery, Peshastin, Washington *
(home of Three Blondes Gewurztraminer )
The Wagoner Family
Orange County, CA
Operations/Credit Manager with 15 Years Experience, Middle & Large Ticket, initiated policies for Patriot Act and Sarbanes Oxley, Team Motivator.
E-mail: equiplender@aol.com
East Windsor, NJ
Skilled Manager in credit, collections, training, documentation, policy and procedure, lease and finance operations. Get results and keep the customer coming back.
Email: rgmorrill@comcast.net
Resume
New York, NY
10+ years in equipment leasing/secured lending. Skilled in management & training, documentation, policy and procedure development & implementation, portfolio reporting. Strong work ethic.
Email: dln1031@nyc.rr.com
Wayne, NJ
20+ heavily experienced collection/recovery VP looking to improve someone's bottom line. Proven, verifiable track record. Knowledge of all types of portfolio. Will relocate
Email: cmate@nac.net
For a full listing of all “job wanted” ads, please go to:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm
To place a free “job wanted” ad, please go to:
http://64.125.68.91/AL/LeasingNews/PostingForm.asp
* http://www.icicleridgewinery.com/index.html
400 wineries and nine federally recognized American Viticultural Areas (AVAs) in the state.
[headlines]
---------------------------------------------------------------
Archives--September 5, 2000--ELA introduces PAYNET
(Soon to be ELFa. editor)
Equipment Leasing Associates Promotes PAYNET
(Now obtain equipment lease payment information for credit approvals )
Knowledge Works announces a strategic partnership with the Equipment Leasing Association for the launch and marketing of its flagship service, Payment Information Network or PAYNET the only online service for commercial equipment leasing companies to obtain valuable lease payment history on lease applicants. The ELA-Knowledge Works agreement calls for ELA marketing support and visibility with the ELA membership.
"Knowledge Works' partnership with The Equipment Leasing Association highlights the quality and integrity of the service," says Bill Phelan, president of Knowledge Works. "The industry is in need of this network because, quite frankly, there is no better indicator of how a lease applicant will pay on his lease than how he is currently paying other leasing companies. PAYNET offers the critical credit variable and streamlines the credit process, allowing for higher transaction approvals and less write-offs through better informed credit decisions."
PAYNET will be demonstrated at the ELA convention this October in Palm Desert, California. The pilot program launches in 4th Quarter 2000, with an official launch set for early 2001. "We are always looking for ways to help our leasing company members be more profitable," says ELA President Michael Fleming. "Credit is a key factor for lessor profitability, so our partnership with Knowledge Works allows us to support a system that will help companies achieve a more efficient and profitable credit process."
"ELA's involvement also ensures that the largest number of lessors are introduced to PAYNET, recognize its value and participate," says Fleming. "Companies contributing their credit data helps not only the entire industry make better informed credit decisions," he notes. "But ultimately helps the quality of the leasing community including their individual companies." Leasing company subscribers to PAYNET will provide a monthly download of their customers' lease payment experiences to Knowledge Works. A one-time technological set-up is required, but thereafter the monthly downloads will be handled automatically through their existing accounting system ensuring that minimal staff time and technological resources are required. PAYNET subscribers then can access the pooled data and pull Payment History Reports online for a low fee per report. For confidentiality reasons, names of leasing companies will not be associated with published credit data. This PAYNET data also will not be sold for marketing purposes. Ultimately, subscribers to PAYNET can:
Have access to data that supports more informed credit decisions, increased approvals, lower delinquencies and write-offs;
Obtain data that is more relevant to their credit decisions than traditional sources of credit history; Receive accurate, quality information due to Knowledge Works' data filtering process;
Enjoy a streamlined credit process; and Eliminate the credit process of checking references with competitors, therefore tipping off the competition to pending deals. Knowledge Works is working with The Revere Group, as well as Northern Consulting, CEO Associates, and major accounting and software providers to ensure that PAYNET technology is user friendly and compatible with existing lease accounting systems.
[headlines]
---------------------------------------------------------------
Paynet Today, 2006--$360 billion database
PayNet reportedly today, 2006, “… manages a $390 billion database of long-term loan and leasing data and we have this data for 8 of the top 10 leasing companies. Our information is more predictive of actual performance.”
The information today contains long-term ‘Term' data, not short-term ‘Trade' data.
PayNet = Term Data________
1. longer commitment, 3-7 years
2. larger balance, average of $70,000
3. large payment experience
4. monthly average payment of $2,500
“The fee varies, depending on how many reports are pulled per month on an average. For instance, 25 per month, these are general fees:
5 reports per month prepay of $1,800
10 reports per month prepay of $3,300
20 reports per month prepay of $5,400
On 240 per year, this is $22.50 per report.
“For 25 reports per month, there is no prepayment and the overall report is less expensive. With the 25, there is a monthly minimum of $488.”
Jean Lyon
PayNet Inc.
(847)965-9800 ext. 41
jlyon@paynetonline.com
www.paynetonline.com
[headlines]
---------------------------------------------------------------
New “List” -- Captive Lessors
Alphabetical list |
| AFS Commercial Credit |
IBM Global Financial |
Raymond Leasing Corporation |
| AT&T Capital Services, Inc. |
Ikon Office Solutions |
SAIC |
| Atlas Copco Customer Finance USA, Inc. |
Ingersol-Rand Services |
Siemans Financial Services |
| Baxter Healthcare Corp |
John Deere Credit |
Siemans Medical Financial Services |
| Canon Financial Services, Inc. |
Johnson & Johnson Finance Co. |
Silicon Graphics |
| Caterpillar Financial Services |
Kronos Incorporated |
Sojitz America Capital, Inc. |
| CHD Leasing |
Lanier Worldwide |
Solarcom LLC |
| Cisco Systems Capital Corporation |
Leaseplan USA |
Steelcase Financial Services, Inc. |
| CNH Capital |
Machine Tool Capital |
Summer Group, Inc. |
| Dell Financial Services |
McKesson Capital Corp. |
Sun Microsystems Global Fin Srvcs, Inc. |
| Dexter Financial Services |
Microsoft Capital |
Tektronix Equipment Finance |
| Diebold Global Finance |
Navistar Financial Corp. |
Toyota Financial Services |
| First Data Leasing |
NCR Corporation |
Trinity Industries Leasing, Inc. |
| GFC Leasing |
NEC Financial Services |
Vendor Capital Group |
| Global Imaging Systems |
OCE Financial Services |
Verizon Credit, Inc. |
| Highway Commercial Services |
Olympus America |
Volvo Commercial Finance |
| Hitachi Systems Data Credit Corp. |
Oracle Credit Corporation |
Wallwork Lease |
| Honewell Global Finance |
Paccar Financial |
|
| HP Financial Services |
Pitney Bowes Credit Corporation |
|
The above is the “static list” of those classified to date. There are certainly more to add. Right now there are 50 funders to be added to the funder list, 100 “broker/lessors” and certainly more to the “captive lessors” list, a growing category with companies with a lot of surplus cash, who want to put it to use in making more profit. There are certainly more companies to be added to this list, but before researching more, the ones we have now for the other lists need to be added this month.
Leasing News will be up-dating the “news section” of the lists this month, trying to keep changes “on line.”
Here is the full page of “Captive Lessors:”
Captive Lessors
(for Funder list "A," please click here
for Funder list "B," please click here,
for funders specializing in “Story Credits," please click here
for “Super Broker/Lessors,” who primarily place leases, click here
for Broker/Lessors List "A," please click here, for list "B," please click here. )
There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.
To qualify for this list, the company must be either a manufacturer, distributor, or a major supplier (seller.) The "captive" company may have their own funds or secure line(s) of credit. They are not dealers who provide financing under a "private label program," but are there own "lessor." The company may sell off its portfolio from time to time, or enter into a exclusive arrangement with a major financial source. The definition may be further realized by viewing the companies listed.
Leasing News reserves the right to not list a company who does not meet these qualifications.
We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers are very much encouraged.
( To apply to be listed, please fill in our "Captive Lessor" Form and fax to 408.374.3843 or you may e-mail to: kitmenkin@leasingnews.org.)
Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.
It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.
Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -State License | B -Accepts Broker Business | C - Requires Broker to be Licensed
| D - Sub-Broker Program | E - "Private label Program"
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
|
AFS Commercial Credit
(subsidiary of Apple)
1-800-624-6914.
www.apple.com |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
|
|
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Atlas Copco Customer Finance USA Inc.
Charles D. Wolk,
Account Manager
charles.wolk@us.atlascopco.com
(973) 439-3481
us.atlascopco.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Baxter Healthcare Corp.
BAXTER HEALTHCARE CORPORATION
Mr. Corrine Hlinsky,
Operations Manager, Baxter Capital
hlinsky@baxter.com
(847) 948-2588
www.baxter.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Canon Financial Services, Inc.
Albert E. Smith, President
asmith@cusa.canon.com
(856) 813-1000x1100
www.usa.canon.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Caterpillar Financial Services
(a wholly-owned subsidiary of Caterpillar Inc.)
Kent M. Adams, President
kent.adams@cat.com
(615) 341-1010
Main Ph.: 651.341.1000
Phoenix, AZ 480.774.2060
Chicago, IL. 630.434.3752
Charlotte, NC. 707.752.1300
Nashville, TN 615.341.3207
http://finance.cat.com
EAEL, ELA & NAELB |
N/R |
World Wide |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
CHD Leasing
Northbrook, Illinois
Jill Leeseberg
jleeseberg@chdleasing.com
(800) 866 6396
Toby McDonough
800-866-6396
tmcdonough@chdleasing.com
www.chdleasing.com |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Cisco Systems Capital Corporation
Oscar Bode,
Group Leasing Manager
obode@cisco.com
(305) 513-5281
www.cisco.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
CNH Capital
(Case-New Holland)
Ms. Donna M. Griffin,
Director, Marketing & Product Management
donna.griffin@cnh.com
(262) 636-7398
www.cnh.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Dell Financial Services
(joint venture with CIT)
1997
1-877-663-3355
www.dellfinancialservices.com |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Dexter Financial Service
(Dexter commerical laundry equipment)
Leo K. Frazier, Director
lfrazier@dexterfinancial.com
(319) 363-3769x115
www.dexterfinancial.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Diebold Global Finance
Jeffrey J. Van Cleve,
VP & General Manager
vanclej@diebold.com
(330) 244-2406
www.diebold.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
First Data Global Leasing
(division of First Data)
Robert C. Neagle,
VP & General Manager
bob.neagle@firstdata.com
(631) 683-6353
www.firstdata.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
GFC Leasing
(A Division of the Gordon Flesch Company,Inc.)
Roland Schultz,
VP
rschultz@gflesch.com
(800) 333-5905
www.gflesch.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Global Imaging Systems
Peter Shoemaker,
SVP & COO
shoemakerP@global-imaging.com
(813) 960-5508
www.global-imaging.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Highway Commercial Services
(Fyda Freightliner network of dealerships)
2001
Kenneth M. Browning, Mgr.
kbrowning@highwaycommercial.com
(614) 851-0005
www.highwaycommercial.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Hitachi Systems Data Credit Corp.
Ernest S. Morales, President
ernie.morales@hds.com
(925) 557-2435
www.hds.com/
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Honeywell Global Finance
Robert A. Anderson, President
bob.anderson3@honeywell.com
(973) 455-3008
www.honeywell.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
HP Financial Services
Keith J. Kendall,
VP/Managing Director, North America
keith.kendall@hp.com
(908) 898-4006
www.hp.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
IBM Global Financial
1981
Bill Reed, Marketing Manager
reedtw@us.ibm.com
(914) 765-5053
www.ibm.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Ikon Office Solutions
Jason Henson,
Sr. Manager, Finance
jhenson@ikon.com
(610) 408-7198
www.ikon.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Ingersol-Rand Services
Edward Hetherington, President
edward_hetherington@irco.com
(704) 655-4348
www.ingersollrand.com/
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
John Deere Credit
Jon D. Volkert, President
volkertjond@johndeere.com
(515) 267-3426
www.johndeere.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Johnson & Johnson Finance Company
Mrs. Sandra M. Denarski, General Manager
sdenars1@corus.jnj.com
(732) 524-2607
www.jnj.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Kronos Incorporated
John G. Mates,
VP, Leasing Division
jmates@kronos.com
(978) 947-4780
www.kronos.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Lanier Worldwide
Kurtis Vaughn,
Director of Finance & Admin Leasing
kvaughn@lanier.com
(770) 621-1508
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Leaseplan USA
Michael Wren, VP
mwren@leaseplan.com
(770) 989-8447
www.leaseplan.com
ELA |
6400 employees
International |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Machine Tool Capital
Ken Wuethrich, President
kwuethrich@machinetoolcapital.com
(317) 781-4682
www.machinetoolcapital.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
McKesson Capital Corp.
Neil E. Sutliff,
Vice President, Sales And Marketing
neil.sutliff@mckesson.com
(404) 338-2512
www.mckesson.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Microsoft Capital
Charles Lang,
Business Development Manager
chipl@microsoft.com
Brian Madison, GM
425-882-8080
50 employees
(425) 706-3139
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Navistar Financial Corporation
Ms. Stacey Prange Prange,
Senior Counsel
stacey.prange@nav-international.com
(630) 753-4000
www.nav-international.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
NCR Corporation
Gary D. Boone,
Business Manager, Leasing
gb129320@exchange.daytonoh.ncr.com
(937) 445-4763
www.ncr.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
NEC Financial Services
(wholly owned subsidiary of NEC Corporation of America)
Herschel Salan, General Manager
herschel.salan@neclease.com
(201) 287-8331
www.neclease.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
OCE Financial Services
Steven Eugene Fasano,
Vice President And CFO
steve.fasano@oce.com
(800) 282-5673
www.oce.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Olympus America
Wynn Blieberg,
VP Sales - Financial Services
wynn.blieberg@olympus.com
(484) 896-5565
www.olympus.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Oracle Credit Corporation
Anil Vora,
VP, Financing Division
anil.vora@oracle.com
(650) 506-5246
www.oracle.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Paccar Financial
(subsidiary of PACCAR, Inc.)
www.paccar.com |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Pitney Bowes Credit Corporation
Mark C. Anderson,
Corporate Development
mark.anderson@pb.com
(203) 351-6284
www.pb.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Raymond Leasing Corporation
Edward J. Rompala, President
(607) 656-2311
www.raymondcorp.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
SAIC
Ms. Connie M. Ellingson,
Sr. Lease Administrator
connie.m.ellingson@saic.com
(858) 826-6849
www.saic.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Siemans Financial Services
Joseph A. Accardi, VP, Marketing
joseph.a.accardi@siemens.com
(908) 575-4077
www.siemens.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Siemans Medical Financial Services
Robert Filaski, VP, Sales
robert.filaski@siemens.com
(610) 448-1507
www.siemens.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Silicon Graphics
Ms. Lisa Paquette-Nelson,
Director, SGI Solutions Finance
lpnelson@sgi.com
(650) 933-5643
www.sgi.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Sojitz America Capital, Inc.
Yoichi Furusawa, President
(212) 698-5151
William R. Hammock,
Executive Vice President
hammock.william@sky.sojitz.com
(212) 704-6741
www.sky.sojitz.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Solarcom LLC
Ted Glahn, President
tglahn@solarcom.net
(513) 467-1200
www.solarcom.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Steelcase Financial Services, Inc.
Mr. Derek Wilkins,
VP, Global Lease Operations
dwilkins@steelcase.com
(616) 246-4973
www.steelcase.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Sumner Group, Inc
1975
Fred G. Weaver,
VP, CFO & General Manager, Leasing Division
fweaver@sumner-group.com
(314) 633-8010
www.sumner-group.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Sun Microsystems Global Financial Services, Inc.
(SMGFS)
Michael Arsenault,
Sales Manager
michael.arsenault@cit.com
(978) 667-4035
www.sun.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Tektronix Equipment Finance
Ms. Lori Andersen,
Director of Americas Sales Operations
lori.andersen@exgate.tek.com
(503) 627-7111
www.tek.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Toyota Financial Services
Mr. Gerry Schuckman,
National Comercial Finance Manager
gerry_schuckman@toyota.com
(310) 468-8383
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Trinity Industries Leasing, Inc.
D. Stephen Menzies, President
steve.menzies@trin.net
(630) 571-5925
www.trin.net
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Vendor Capital Group
(division of Telerent Leasing Corporation)
George H. Fleming,
President & CEO
ghf@telerent.com
(919) 772-8604
www.vendorcap.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Verizon Credit, Inc.
Paul H. Repp,
President & CEO
paul.h.repp@verizon.com
(212) 557-4666
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Volvo Commercial Finance
(a Division of VFSUS LLC
Martin Weissburg,
President And CEO
martin.weissburg@vfsco.com
(336) 931-4224
www.vfsco.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Wallwork Lease
William Wallwork, President
bwallwork@wallworktrucks.com
(701) 476-7000
www.wallworktrucks.com
ELA |
N/R |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Name
In Business Since
Contact
Website
Leasing Association
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Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.
It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -State License | B -Accepts Broker Business | C - Requires Broker to be Licensed
| D - Sub-Broker Program | E - "Private label Program"
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
[headlines]
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Royal Links Up-date
(Readers may be saying, “Why doesn't he get a new photograph?”
Well, I think this is perfect for the story, and the girl is cute, reminds me of my middle daughter. Editor)
The situation has similarities to the NorVergence telecom scandal, but this involves advertising on wine-beer golf “caddies” written on private label lease contracts with the name of lessor as Royal Links USA, Holland, Ohio, who filed bankruptcy ( of course.)
These are the eleven leasing companies involved in the alleged fraud with Royal Links.
C&J Leasing
CFC Investment
Dollar Bank Leasing
Excel Financial
Frontier Leasing
IFC Credit
Key Equipment
Landmark Financial
Pawnee Leasing
Preferred Capital (now in bankruptcy)
Susquehanna Patriot
“Royal Links USA had salesmen call on golf courses to offer free beverage carts. (cold beer, wine, soda's, snacks.) The courses would use them and allow advertising panels to be displayed by Royal Links. Various national merchandisers would pay Royal Links for ads. Royal Links supplied products for free with delivery, and also paid the courses a lump sum (normally $1000) to initially stock the cart with startup merchandise.
“Courses entered into an agreement whereby Royal Links paid the course about $300 per month in sponsorship money, which was then sent back to their leasing arm as a lease payment. This arrangement was simply explained as their accounting procedure.
“We became concerned initially when it was requested the cart be insured for $12,500. The cost of the cart is most likely less then $1000.
“In October 2004, all courses were notified that Royal Links would no longer pay the $300 per month in sponsorship money. Our cart had been delivered about 60 days prior to this notice. The leasing company insisted they were independent and demanded the $300 monthly payment (for 5 years). Preferred Capital quoted a payoff of approximately $15,900.”
(name with held)
National Golf Course Owners Association
http://www.ngcoa.org/
“The FBI has apparently sent communications to as many course owners/operators for whom they have information as victims of Royal Links. We have received word from several course owners that the FBI sent letters with instructions on how to keep informed about the ongoing and open case. Unfortunately, it appears there was a serious problem with their database of courses, as many course owners are getting letters for the wrong people at the wrong courses. We are attempting to contact the FBI about this matter and offer our database of Royal Links customers. In the meantime, if you received an incorrectly-addressed letter please do not use the log-in information provided in the letter. We hope to secure a commitment from the FBI to generate a newer, accurate mailing.”
Update from the association law firm, Lord, Bissell and Brook:
“The Royal Links bankruptcy proceedings are moving slowly. The initial trustee, Louis Yoppolo, withdrew earlier this year. An interim trustee was appointed for a brief period, but did little work. Now, new trustee Patricia Kovacs has taken over the supervision of the bankruptcy proceedings. Attempts to reach Ms. Kovacs regarding the status of the claim process have been unsuccessful. In addition, Royal Links class action counsel Lord, Bissell & Brook also waits to hear from Ms. Kovacs regarding whether she intends to initiate any proceedings concerning the misrepresentations made to course owners to induce their participation in the beverage caddy program.”
[headlines]
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Top Stories--August 28-September 1
Here are the top ten stories most "opened" by readers last week.
(1) The most controversial book of the decade on leasing.
http://www.leasingnews.org/archives/August%202006/08-28-06.htm#book
(This week Leasing News will have a book review on Jeff Taylor's latest,
"The Future of Equipment Leasing.")
(2) Sunrise Closing its Doors/King retiring
http://www.leasingnews.org/archives/August%202006/08-30-06.htm#sunrise
(A reader sent us a question which leads to this exclusive story and interview. The great majority of our "inside stories" come directly from readers. Thank you.)
(3) Sales Makes it Happen—by Linda P. Kester
“Broker Commissions – Follow-Up Report”
http://www.leasingnews.org/archives/August%202006/08-30-06.htm#sales
(A follow-up from her previous column. Of all the trainers, she appears to have the largest following, is the most read.
She ended this article :
This issue did touch a nerve. Other questions I received included:
1. If the funder gets their yield what do they care how much I get on top of that?
2. Does a higher commission mean less of a return in a default?
3. How high will the “split” go to get broker business?
4. Has the role of the salesperson changed that they can obtain a higher commission and part of the residual?
I'll address each of the above questions in a subsequent article. Again, if you have an opinion on this subject be sure to e-mail me at Linda@lindakester.com
(As the late and great San Francisco Columnist, and a good friend, Herb Caen
said, “ If you got it, flaunt it.”)
(4) Cartoon—Leasing Brokers' Wedding
http://www.leasingnews.org/archives/August%202006/08-30-06.htm#toon
(5) Archives-August 30, 2000---Manifest is Sold
http://www.leasingnews.org/archives/August%202006/08-30-06.htm#arch
(signed by Troy Molitor, Brian Bjella, Brad Peterson
General Manager Extension 2002
Director of Sales - East Extension 2914
Director of Sales - West Extension 2911
Yes, you got it. They are no longer there.)
(6) Leasing 102--by Terry Winders, CLP
“Equipment Return Requirements"
http://www.leasingnews.org/archives/August%202006/08-28-06.htm#102
(7) FASB: Revamping Ancient Leasing Standards
http://www.leasingnews.org/archives/August%202006/08-30-06.htm#fasb
(8) Key Equipment names Jeff Enoch Vice President
and Director Construction & Industrial Segment
http://www.leasingnews.org/archives/August%202006/08-28-06.htm#key
(9) Two Viewpoints: Evergreen Leases
http://www.leasingnews.org/archives/August%202006/08-28-06.htm#ever
(This subject is not going to go away. Such contracts should be illegal in every state, not just two. When the industry cannot control its ethics, the government steps in and laws are created--from the meat industry, child labor laws, and to tricks by unscrupulous sales techniques.)
(10) Story Credit Up-Dated
http://www.leasingnews.org/archives/August%202006/08-28-06.htm#story
Kit Menkin, editor
[headlines]
----------------------------------------------------------------
Classified Ads---Help Wanted
Marketing Specialist
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Walnut Creek, CA
Serve as a liaison between the leasing department and several hundred brokers . Requires a BA/BS; 3+ years of leasing and contract experience; Click here for detailed description & resume submission info.
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Deerfield, Illinois
Proficient in Microsoft Office, 2 years admin. minimum report directly to Director of Operations. To learn more, please click here.
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Sales
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NY/NJ; Dallas & Atlanta/Nashville
Manage existing accounts and develop relationships. Min. Req. 3 years equip. leasing sales or strong leasing operations experience. For more information, click here:
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[headlines]
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Pitney Bowes Completes $1.1 Billion Tax Settlement,
by Leroy Baker,
Tax-News.com,
NYSE-listed Pitney Bowes Inc., announced last week that the company has completed a $1.1 billion settlement with the Internal Revenue Service relating to the sale of a business unit.
The postal equipment manufacturer said in a statement that the largest portion of the tax, nearly $900 million, resulted from the sale of its Capital Services leasing unit in July, which represents amounts owed on transactions the company entered into over the past 15 years.
This tax would have been due over the next 20 years, but the sale accelerated the time at which it must be paid. The remaining payments reflect taxes owed with respect to various other transactions. Pitney Bowes expects to pay about $1.1 billion of tax over the next six months.
"We are quite pleased to reach this resolution as it closes a chapter on a non-core business that we have sold," said Michael J. Critelli, Chairman and CEO of Pitney Bowes.
"This permits us to concentrate our energies on our growth strategies and makes it easier for investors to understand our financial position and growth potential," he added.
[headlines]
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Leasing 102
” Dispute Resolution”
by Mr. Terry Winders, CLP
Anyone who has gone to the legal courts today is aware of the cost, and most important, the time delays, to get resolution of a default or a dispute. One of the most common disputes is the definition of fair market value purchase options. For instance: What is the value of a snow blower in Minneapolis in January versus a snow blower in Miami? Easy question, but clearly different answers. Therefore just saying “fair market value” may get you into a dispute with your lessee. Their assumption of value may be different than yours and how to resolve the problem without losing the goodwill of your customer becomes the problem. Many lessors are turning to arbitration, instead of the courts, to settle their problems.
Language like this is showing up in modern lease agreements: “Any dispute between the parties hereto that is not resolved by informal negotiations shall be resolved by final and binding arbitration conducted by a single arbitrator appointed by the American Arbitration Association (the "AAA"). Such arbitration proceeding shall be governed by the Federal Arbitration Act and conducted in (City, State) in accordance with the Commercial Arbitration Rules of the AAA. Judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Such arbitrator shall have authority to award actual damages and reasonable attorneys' fees and other costs of arbitration to the prevailing party to such arbitration, but shall have no authority to award either party any penalties or any consequential, special, exemplary, or punitive damages”
This form of arbitration is quick and usually gets to the heart of the problem and settles it without either side taking offence. However some Lessor's prefer mediation because the process typically involves nonbinding discussions between the parties and an agreed-upon mediator. The issue here is weather the outcome is binding or nonbinding. An arbitration usually reports to the courts and is binding whereas a mediation is just between the management staff of the lessee and lessor and if they both live up to the agreement all is well, However, if either party gets cold feet the agreement may fall apart.
Both forms of resolution is preferred to the legal court system because of cost reduction and usually a faster decision.
Mr. Terry Winders has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666.
October 9 th and 10 th he is conducting a two day seminar in Louisville, Kentucky. To learn more, please go here:
http://leasingnews.org/PDF/Winders_Seminar.pdf
[headlines]
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ELA Lease Accountants Conference
September 18-20, 2006
Omni La Mansion del Rio
San Antonio , Texas
§ Register Online for Conference
§ View Conference Schedule
§ Download Conference Brochure
§ Find Information
§ Sponsorships
Dear Christopher:
Information regarding the 2006 ELA Lease Accountants Conference, scheduled September 18-20 at the Omni La Mansion del Rio, San Antonio , Texas is now on the ELA website. Simply click here to review the agenda, register for the meeting and make hotel reservations: http://www.elaonline.com/events/2006/LA/
Don't miss this exceptional opportunity to obtain updates on the latest plans for the Financial Accounting Standards Board and the International Accounting Standards Board to undertake a comprehensive revision of SFAS 13. This premier event for lease accounting professionals provides a comprehensive look at the current and emerging accounting issues affecting the leasing and finance industry, along with a review of basic accounting principles for those new to the industry.
Two pre-conference programs have been added to the schedule for Monday morning, September 18th that you may wish to attend. The highly popular CFO Roundtable provides an opportunity for CFO's and controllers to meet and discuss relevant industry topics and issues. Introduction to Leasing is designed for newcomers to the industry, and will provide an overview of products, industry market information, reasons why customers lease, etc. If you wish to attend one of the pre-conference programs, simply check the appropriate box on the conference registration form.
This year we are encouraging individuals from ELA member companies who have never attended the Lease Accountants Conference to experience this great program. If someone from your company registers at the full ELA member rate, then a first time attendee from your company may register at a 25% reduced fee, or a savings of $220! We hope you take advantage of this great opportunity to experience this event with others in your company.
Please make your hotel reservations before the Thursday, August 17, 2006 cutoff date to ensure the special rate of $179 single/double occupancy. Please call the hotel directly at 210-518-1000 to make your reservations. Accommodations requests received after this date are subject to availability and could be at a higher rate.
Please Note: No brochure will be sent to you in the mail. However, you may print out a PDF version of the online brochure, which includes a traditional registration form, directly from this location: http://www.elaonline.com/events/2006/LA/
We look forward to seeing you in San Antonio .
Rod Hurd
Financial Accounting Committee Chair
Montgomery Street Financial LLC
Kenneth Bentsen, Jr.
President, ELA
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[headlines]
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[headlines]
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### Press Release ###########################
MeriCap Credit Corporation Names Greg Clemens as
Business Development Manager in its Commercial Vehicle Division
Oak Brook, IL. MeriCap Credit Corp. announced the appointment of Greg Clemens as Business Development Manager in its Commercial Vehicle (“CV) division. In this role, Clemens will be responsible for soliciting CV vendors in California, Arizona and Nevada.
Clemens joins MeriCap from Key Equipment Finance/American Express Business Finance, where he served as regional sales manager for the Southern California territory. Prior to American Express, Clemens held positions at The Associates and Rush Enterprises where, collectively, he served 15+ years in credit, sales and finance manager capacities.
“We are fortunate to have Greg join MeriCap Credit. Greg is a proven high performer and has experience working in dealerships and with finance companies that serve dealerships. This unique experience will help MeriCap execute on our service commitment and ongoing pledge to enhance our dealers' experience with MeriCap,” stated Mark Rosinski, Vice President of MeriCap's Commercial Vehicle Division.
“We are extremely happy to have Greg on our team. We are committed to providing our vendors with Best-in-Class service and products and believe that the best way to achieve this is to hire Best-in-Class individuals in all disciplines. With Greg's extensive and successful background in commercial vehicle vendor finance, we are extremely confident that he will do very well our business model,” added James Freund, MeriCap's Executive Vice President of Sales & Marketing.
MeriCap Credit is a vendor-based/specialized commercial finance company committed to the Commercial Vehicle and Construction & Industrial Equipment segments. For more information on MeriCap Credit as well as career opportunities, please visit www.MeriCapCredit.com.
[headlines]
### Press Release ###########################
--------------------------------------------------------------
You May have Missed---
Broadband still gaining as preferred connection
http://www.boston.com/business/personaltech/articles/2006/09/04/
broadband_still_gaining_as_preferred_connection/
[headlines]
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Sports Briefs----
Are you ready for some football?---Ira Miller
http://www.mercurynews.com/mld/mercurynews/15436953.htm
[headlines]
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California Nuts Briefs---
Schwarzenegger Explains Why He Went Green
http://abcnews.go.com/GMA/Politics/story?id=2386996&page=1
[headlines]
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“Gimme that Wine”
Sake big hit
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/08/31/WIGDFKP0EM1.DTL
Long Meadow's Ranch, Napa County
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/08/27/PKG0UKH9SE1.DTL
California year's crop looks smaller as harvest season begins
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/08/31/WIGJJKRBRC1.DTL
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas/\
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex)
is an electronic exchange for fine wine.
http://www.liv-ex.com/
[headlines]
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Calendar Events This Day
Be Late for Something Day
To create a release from the stresses and strains resulting from a consistent need to be on time.
http://www.geocities.com/procrastinators_club_of_america/
Onam
Indian festival, a celebration of the new season and rememberance of tradition. During Onam, people create a multi-colored floral decoration on the ground in the front of their home called a pookkalam . Young children especially girls are often entrusted with the task of gathering and laying out the flowers in elaborate patterns.
While it is linked to the Hindu religion, it is celebrated today with equal fervor by the Hindus, Muslims and Christians of State of Kerala in India.
http://www.southindia.com/onam.htm
http://www.onamfestival.org/
[headlines]
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A “jiffy” is 1/100 of a second
http://whatis.techtarget.com/definition/0,,sid9_gci822188,00.html
[headlines]
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Today's Top Event in History
1867-The most famous cow town was Abilene, Kansas. In the late 1860's, Abilene was the terminus of the Kansas Pacific Railway. In 1867, Illinois cattleman Joseph Geating McCoy bought the entire town for $2,400 and turned it into a central shipping depot for cattle driven north from rural Texas along the Chisholm Trail. The first rail shipping took place this day in 1867, when 30 Kansas Pacific Railway cars full of Texas longhorns embarked for slaughterhouses in Kansas City and Chicago. The first year, 35,000 head of cattle were shipped through Abilene.
[headlines]
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This Day in American History
1692-The first divinity degree conferred in the American colonies was given to Increase Mather, sixth president of Harvard College. Mather received a Doctor of Divinity degree from Harvard under a new charter just granted by William and Mary, the English sovereigns.
1774- The first assembly of this forerunner of the US Congress took place at Carpenters' Hall, Philadelphia, PA. Peyton Randolph, delegate from Virginia, was elected president. The participants were 44 delegates from 11 colonies. Delegates from Georgia and North Carolina did not attend until later sessions. The Congress adjourned on October 26, 1774, recommending another session to beginning on May 10, 1775, in Philadelphia, Pa. Continental Congress's first President Peyton Randolph, resigned on October 22, 1775, to attend the Virginia State Legislature, and his place was taken on the same day by Henry Middleton of South Carolina
1776-Navy “standardized” uniforms were adopted by the Marine committee. Officers were to have blue coats with red lapels. The sailors were to have green coats and green shirts (if they can be procured), with shirt collars turned back and white waistcoats and breeches edged with green, black gaiters and garters.
1781- Battle of Virginia Capes, French defeat British, traps Cornwallis This naval engagement on Chesapeake Bay was fought between a French fleet under Adm. de Grasse, which had Cornwallis bottled up at Yorktown and a British relief fleet under Adm. Thomas Graves. De Grasse drove the British back to New York City, precluding aid to Cornwalis.
1836- Sam Houston was elected president of the Republic of Texas. He was reelected and upon admission of Texas to the United States as the 29 th state, he remained president, and then was elected as a Democrat to the Senate, where he served until 1859.
1846-Birthday of John W. Cromwell, Secretary of the American Negro Academy.
http://docsouth.unc.edu/church/cromwell/bio.html
1847-Western legend and bandit Jesse Woodson James were born at Centerville ( Now Kearney), MO. His criminal exploits were glorified and romanticized by writers for Eastern readers looking for stories of Western adventure and heroism. Many of them were women, who never left New York City, and worked for very low wages turning out Western novels. After the Civil War, James and his brother, Frank, formed a group of eight outlaws who robbed banks, stagecoaches and stores. In 1873 the James gang began holding up trains. The original James gang was put of out business September 7, 1876, while attempting to rob a bank at Northfield, MN. Every member of the gang except for the James brothers was killed or captured; pictures of the men in coffins was on the front pages of national newspapers. The brothers formed a new gang and resumed their criminal careers in 1879. Two years late, the governor of Missouri offered at $10,000 reward for their capture, dead or alive (that was a real considerable amount of money in those days.) On April 3, 1882 at St. Joseph, MO. Robert Ford, a member of the gang shot 34-year-old Jesse in the back of the head as he was hanging a picture and claimed the reward.
(lower half of http://memory.loc.gov/ammem/today/sep05.html )
1859 -- "Our Nig or Sketches From the Life of A Free Black" by Harriet Wilson is published. The first novel published in the US by an African-American woman. Lost to readers for years until reprinted with a critical essay by noted African-American scholar Henry Louis Gates, Jr. in 1983.
http://www.harrietwilsonproject.org/
1867-The most famous cow town was Abilene, Kansas. In the late 1860's, Abilene was the terminus of the Kansas Pacific Railway. In 1867, Illinois cattleman Joseph Geating McCoy bought the entire town for $2,400 and turned it into a central shipping depot for cattle driven north from rural Texas along the Chisholm Trail. The first rail shipping took place this day in 1867, when 30 Kansas Pacific Railway cars full of Texas longhorns embarked for slaughterhouses in Kansas City and Chicago. The first year, 35,000 head of cattle were shipped through Abilene.
1870-- Three Roman Catholic universities were founded in the United States on this exact same date: St. John's in New York City, Loyola in Chicago, and Canisius in Buffalo, New York.
1877- Southern blacks led by Benjamin “Pap” Singleton settle in Kansas.
http://www.tnstate.edu/library/digital/single.htm
1881-Great Michigan Fire: According to Michigan Historical Commission, “Small fires were burning in the forests of the ‘Thumb area of Michigan,' tinder-dry after a long, hot summer, when a gale swept in from the southwest on Sept 5, 1881. Fanned into an inferno, the fire raged for three days. A million acres were devastated in Sanilac and Huron counties alone. At least 125 persons died, and thousands more were left destitute. The new American Red Cross won support for its prompt aid to the fire victims. This was the first disaster relief furnished by this great organization.
1882—The First Labor Day.
http://memory.loc.gov/ammem/today/sep05.html
1888-American baseball player-turned-evangelist Billy Sunday, 26, married Helen Thompson, 20. In later years she became affectionately known as "Ma Sunday," and became his evangelistic campaign advisor. She survived Billy (d.1935) by 22 years.
1895-African-American George Washington Murray elected to US Congress from South Carolina.
1897-Birthday of Arthur Charles Nielsen, marketing research engineer, founder of AC Nielsen Company, in 1923, known for radio and TV audience surveys, changing programming, born at Chicago, IL, and died there June 1, 1980.
1905- Slyvanus F. Bowser of Fort Wayne, IN, introduced a “self-measuring Gasoline Storage Pump.” The design, which was based on Bowser's earlier design for a kerosene pump, consisted of ventilated wooden box containing a 50 gallon metal tank. The gasoline was suction-pumped by hand through a hose. It called it a “gas pump.”
1914-Babe Ruth hit his first home run as a professional while playing for Providence in the International League, a type of minor league affiliate of the Boston Red Sox. He pitched a one-hit shutout against Toronto.
1912-Birthday of avant-garde American composer John Cage, born at Los Angeles, CA. He pioneered the experimental music and performance art schools. He used non-traditional instruments such as flower pots and cowbells in innovative situations, such as performances governed by chance, in which the I Ching was consulted to determine the direction of the performance. In 1978 he was elected to the American Academy of Arts and Sciences, and in 1982 was awarded France's highest honor for cultural contributions, Commandeur de I'Ordre des Arts et des Lettres. He died Aug 12, 1992, at New York, NY.
1925 - The temperature at Centerville, AL, soars to 112 degrees to establish a state record. Every reporting station in Alabama was 100 degrees or above that afternoon.
1929-Comedian Bob Newhart was born Chicago, Il. 1929.
1931-Birthday of pianist Richie Power
http://www.cleveland.oh.us/wmv_news/jazz37.htm
http://www.jazzvalley.com/musician/richie.powell/section=discography
1933 - A hurricane hit Brownsville, TX, killing forty persons and causing 12 million dollars damage.
1939- Lester Young records “Lester Leaps IN” with Count Basie Kansas City 7.
1940-Duke Ellington records, “ In a Mellotone.”
1950-Baptist Bible College was founded in Springfield, MO, under auspices of the Baptist Bible Fellowship. With an enrollment of over 2,000, it is today one of the largest Bible colleges in America.
1950 - Hurricane Easy produced the greatest 24 hour rainfall in U.S. weather records. The hurricane deluged Yankeetown, on the upper west coast of Florida, with 38.7 inches of rain
1956 - Johnny Cash hit the record charts running with "I Walk the Line". Cash's debut hit song climbed to #17 on the pop music charts.
1955---Top Hits
Rock Around the Clock - Bill Haley & His Comets
The Yellow Rose of Texas - Mitch Miller
Autumn Leaves - Roger Williams
I Don't Care - Webb Pierce
1957 -- Jack Kerouac's "On the Road," depicting a generation of restless spirits, is published. "Regarded as the foundation text for the Beat movement, the book was written on a single scroll of paper, made up of 12-foot long sheets of tracing paper taped together and fed through a typewriter continuously, so Kerouac would not have to pause his train of thought. He wrote in fits of inspiration that lasted for days, fueled by amphetamine binges and lack of sleep. The entire process took 20 days and ended with a single spaced, 120-foot long scroll."
1960 - Cassius Clay of Louisville, KY won the gold medal in light heavyweight boxing at the Olympic Games in Rome, Italy. Clay would later change his name to Muhammad Ali and become one of the great boxing champions in the world. In 1996, at the Olympic Games in Atlanta, GA, Muhammad Ali was given the honor of lighting the Olympic flame.
1961-President John F. Kennedy signed the skyjacking law enacted by Congress. It made hijacking punishable by death or not less than 20 years imprisonment. Carrying a concealed or dangerous weapon was subject to a fine of 42,000 or imprisonment of not more than one year or both. It did not provide for inspection of carry on baggage, or persons, or any other implementation except for making it against the law. It was in reaction to a string of hijackings that followed the May 1, 1961 hijacking of an airplane by gun and knife to Havana. The press called them “ skyjackings” and thus a new word was also born.
1963---Top Hits
My Boyfriend's Back - The Angels
Hello Mudduh, Hello Fadduh! - Allan Sherman
Blowin' in the Wind - Peter, Paul & Mary
Ring of Fire - Johnny Cash
1964 - The Animal's "House of the Rising Sun" made it to #1. It stayed at the top until it was replaced three weeks later by Roy Orbison's "Oh, Pretty Woman". Orbison's smash was just entering the pop charts on this day, for a 14-week run.
1964-"And I Love Her" by The Beatles peaks at #12 on the pop singles chart while "If I Fell" peaks at #53.
1964- Manfred Mann's "Do Wah Diddy Diddy" is released.
1965 -- San Francisco Examiner writer Michael Fallon applies the term "hippie" to the SF counterculture in an article about the Blue Unicorn coffeehouse where LEMAR (Legalize Marijuana) and the Sexual Freedom League meet, & hippie houses, declares the Beat movement is alive in the Haight-Ashley district ( this was a white area of town where rent was very cheap, many people lived in the same flat, and the low cost or no cost is why they lived in this section. It is a flashback to the derogatory term of a “would be” hipster used in Harlem. It primarily referred to white would be hipsters who tried to be “black and hip,” but were not.
http://www.journalofantiques.com/May02/featuremay02.htm
http://wild-bohemian.com/named.htm
1965-The Rolling Stones fly to Los Angeles to record "Get Off My Cloud" and other tunes.
1966-Labor Day opening of Martha and The Vandellas at the San Franisco Fillmore Auditorium.
1970 -Estimated 15 cm (6") of rainfall, Bug Point, Utah (state record)
1970-Joe Cocker's "Mad Dogs and Englishmen" enters the LP charts.
1971--Top Hits
Uncle Albert/Admiral Halsey - Paul & Linda McCartney
Smiling Faces Sometimes - The Undisputed Truth
Spanish Harlem - Aretha Franklin
Easy Loving - Freddie Hart
1972 - Roberta Flack and Donny Hathaway won a gold record for their duet, "Where is the Love". The song got to number five on the pop music charts and was one of two songs that earned gold for the duo. The other was "The Closer I Get To You" (1978).
1975-Lynette A. “Squeaky” Fromme, a follower of convicted murdered Charles Manson, attempted to shoot President Gerald Ford. On September 22 of the same year, another attempt on Ford's life occurred when Sara Jane Moore shot at him.
1975 - Strong winds reduced visibilities to near zero in blowing dust resulting in a 22-car chain reaction accident on Interstate 10 near Toltec AZ. Two persons were killed, and 14 others were injured.
1976 - No. 1 Billboard Pop Hit: "(Shake, Shake, Shake) Shake Your Booty," KC & the Sunshine Band.
1979---Top Hits
My Sharona - The Knack
After the Love Has Gone - Earth, Wind & Fire
Don't Bring Me Down - Electric Light Orchestra
Heartbreak Hotel - Willie Nelson & Leon Russell
1979- Anne Myers, All-American basketball player from UCLA, made history by signing a contract with the Indiana Pacers of the NBA, the first woman to do so. Meyers worked out with the team throughout training camp but was cut before the season began.
1981-"Stop Draggin' My Heart Around" by Tom Petty and Stevie Nicks peaks at #3 on the singles chart; The Greg Kihn Band's "The Breakup Song (They Don't Write 'Em)" peaks at #15 and Foreigner's "Urgent" peaks at #4.
1983-Originally, this PBS news show was called “The MacNeil-Lehrer Report” and was on every weeknight for a half hour starting in 1976. Robert MacNeil and Jim Lehrer were joined by Charlayne Hunter-Gault and Judy Woodruff. In 1983 the show was expanded to an hour and became TV's first regularly scheduled daily hour news show. The show has been praised for its depth and objectivity. In 1995 Robert MacNeil retired and the show was retiled “The News hour with Jim Lehrer.”
1986-Dire Straits' "Money For Nothing" wins and MTV award for Best Video.
1987-"American Bandstand" was cancelled after 30 years on the air.
1987---Top Hits
La Bamba - Los Lobos
I Just Can't Stop Loving You - Michael Jackson with Siedah Garrett
Only in My Dreams - Debbie Gibson
She's Too Good to Be True – Exile
1988 - Five days of heavy rain commenced in west central Florida. Up to 20 inches of rain in four days resulted in extensive urban flooding, and evacuation of 1000 homes. Flooding claimed four lives, and caused more than five million dollars property damage.
1991-R.E.M. wins 5 MTV Video Music awards, including video of the year for "Losing My Religion."
1997-Space Milestone: Voyager I. launched, setting a new distance record when after more than 20 years in space it reached 6.5 billion miles from Earth.
1989-Chris Evert's tennis career came to an end in the quarterfinals of the US Open when she was defeated, 7-6, 6-2 by Zina Garrison.
1998 - Aerosmith's "I Don't Want to Miss a Thing" debuted at #1 on U.S. music charts. The song, from the movie, "Armageddon", was the first single by Aerosmith to reach number one. It stayed at the top through the entire month of September.
*** Randolph, Peyton (1721?-1775), was an American lawyer who served as president of both the First and the Second Continental Congresses in 1774 and 1775. Those two meetings of colonial leaders at first sought fair treatment from Britain for the American Colonies but eventually declared independence. Randolph himself held moderate political views. He persuaded extreme patriots and those with more cautious views to work together.
Randolph was born in Williamsburg into one of Virginia's most respected families. He graduated from the College of William and Mary and then studied law at the Inns of Court in London. In 1748, Randolph became attorney general of Virginia. That year, he won election to the House of Burgesses, Virginia's legislature. In 1766, he became speaker of the House.
The British governor of Virginia dissolved the House of Burgesses in 1774. Its members then met in a series of revolutionary conventions. Randolph was elected to preside over the conventions in 1774 and 1775. He headed Virginia's delegates to the First and Second Continental Congresses. He was elected as the first president of both meetings. He died in October 1775, five months after the Second Continental Congress began.
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Baseball Poem
WHY BASEBALL WALTZES WITH LETTERS
by Tim Peeler
A Faulkner sentence is an extra inning game,
Simply and finally playing through its Will and exhaustion.
Third Base Coach signals are ee cummings poems-
Gimmicky, sure, but meaningful in their color
When you break the code.
The prisons play contests of Bukowski prose,
Where a stolen base may be a literal image
And everybody gambles nothing.
Weird killers load the bases at a
Stephen King Little League field, the sequel,
A grand slam promise at the bank.
Although Poe would never sit through nine,
His words are a dark season in the cellar,
A team leaving town and the death of a Beautiful groupie.
Finally, Wolfe who wrote slugfest
Double-headers played to million-footed
Throngs, then flickered like so many other
Stars never meant for extra innings.
-------------------
--- with the permission of the author, from his
book of baseball poetry:
“Waiting for Godot's First Pitch”
More Poems from Baseball
available from Amazon
or direct
from the publisher at: www.mcfarlandpub.com
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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