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Sales positions in our Calabasas, CA office
2 years+ small ticket or mid market experience
Established customer/vendor relationships a plus. Base
plus commission. Submit resume to: jobs@TEQlease.com

TEQlease provides customized equipment leasing solutions for businesses.
www.TEQlease.com

Tuesday, September 8, 2009

Actor Richard Roundtree born July 9, 1942 New Rochelle, New York.He is best known for his portrayal of private detective John Shaft in the film Shaft (1971) and in its two sequels, Shaft's Big Score (1972) and Shaft in Africa (1973).
http://www.imdb.com/name/nm0745780/

Headlines---

Archive-February 17, 2009
Alert: Sterling Financial, Prairie Village,KS
Archive--May 10, 2009
Second Alert: Sterling Financial, KS, BBB D-
Classified Ads---Sales Manager
      Bank Beat---Five More/Why they failed?
            Cartoon---Policeman
The Age of the Super Broker
      by Christopher Menkin
Leasing News Top Stories-Aug.31--Sept. 4
Leasing 102 by Mr. Terry Winders, CLP
      Back to leasing
New SBA Financing Guidance Applauded by IFA
News Briefs----
      Lehman Lesson of Shakeout Means
Christina Cook of the Bank of Marin
Top 10 gas guzzlers
As rental car fleets shrink, rates go up
       Retail landlords have vast spaces to fill
            Intel Releases First Core i5 Processors
You May have Missed---
RedBox $1.00 DVD Vending Machines
      California Nuts Brief---
        Sports Brief---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
Baseball Poem
    SuDoku
Daily Puzzle
    GasBuddy
        Weather, USA or specific area
Traffic Live----

######## surrounding the article denotes it is a “press release”



(Leasing News provides this ad "gratis" as a means
to help support the growth of Lease Police)

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Archive-February 17, 2009

Alert: Sterling Financial, Prairie Village, Kansas
Removed from Leasing News Story Credit List

Sterling Financial
4200 Somerset Drive
Prairie Village, KS
started: June 1993
Mr. Jody Dick, Exec, Vice President
jody@everestkc.net
913-648-2322
12 employees
Business: Nationwide
Dollar Amount: $5,000 to $30,000
Footnote: Does Subprime Leases

Story Credit List:
http://www.leasingnews.org/Story_Credit/Story_Credit.htm

--

Archive--May 10, 2009
Second Alert: Sterling Financial, KS, BBB is D minus

Leasing News removed Sterling Financial, Inc. 4200 Somerset Drive, Suite 132, Prairie Village, Kansas from the "Story Credit" list. There were reports from several community banks as well as a D minus from the Better Business Bureau.

Better Business Bureau Report
http://kansascity.app.bbb.org/report/93120078


[headlines]

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Classified Ads---Sales Manager

Bayville, NJ
Dedicated individual seeking an account management position, 3 years leasing experience and 15+ years sales experience. Resume furnished upon request, email Frank at weag4th@gmail.com .

For a full listing of all "job wanted" ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

[headlines]

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Bank Beat---Five More/Why they failed?

First Bank of Kansas City, Kansas City, Missouri, a very small bank with 11 employees, as of June 30, 2009, total assets of $16 million and total deposits of approximately $15 million was closed on Friday. The bank showed a $1.5 million June 30, 2009 loss and $721,000 loss June 30, 2008. It was heavy into loans and leases for its side. There may be more to this story involving lease write-offs, particularly from one leasing entity. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6 million. Great American Bank, De Soto, Kansas, assumed all the deposits and now operated the bank under its name. http://www.fdic.gov/news/news/press/2009/pr09161.html

The Federal Deposit Insurance Corporation (FDIC) approved the payout of the insured deposits of Platinum Community Bank, Rolling Meadows, Illinois. 237 employees were also let go. No purchaser for Platinum's assets could be found. As of August 29, 2009, the bank had total assets of $345.6 million and total deposits of $305.0 million. June 30, 2009 the bank charged of $2.3 million in loans secured by real estate plus made a $3 million provision for further real estate write-offs.

Platinum Community Bank began operations 3/1/1999 and was acquired by Lee Farkas the founder of Taylor Bean. He controlled the board and direction of the bank. Taylor Bean was the nation's 12th-largest home-mortgage lender for the first half of the year, and the third-largest originator of FHA loans in June, according to "Inside Mortgage Finance." The company filed for bankruptcy protection last month, a few weeks after it closed its lending operations under pressure from federal regulators. The bank was headed in the same direction, with no buyers, and the FDIC basically liquidated it, to mail customers checks for their insured funds today, September 8. The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $114.3 million. http://www.fdic.gov/news/news/press/2009/pr09164.html

Vantus Bank, Sioux City, Iowa, formerly known as First Federal, but recently changed its name and direction under the direction of the board (there were too many "First Federals," they said. Vantus has the distinction to become the first bank to fail in Iowa this year.

Great Southern Bank, Springfield, Missouri, assumed all of the deposits of Vantus Bank and operation of the 15 branches of Vantus. Since the first of the year, the bank stock lost 90% of its value. The president resigned. Barry Backhaus who started with the bank in 1968, served as chief executive from 1990 until retiring in January 2006 came out of retirement, but it was too late, too little to turn things around. The bank went from 199 employees to 149 and tried to cut its losses. Long time shareholders lost their original investments.

According to the Siouxcityjournal.com, "In its most recent earnings report, for the quarter ending March 31, First Federal reported a net loss of $1.5 million, and the setting aside of $2.7 million to account for possible losses on loans, up from $31,000 a year earlier.

"The bank's non-performing loans, which include the riskiest on its balance sheet, tripled from $3.1 million on Dec. 31 to $9.3 million on March 31. The run-up was driven primary by four large commercial loans that defaulted during the quarter.

"Last month, First Federal filed a lawsuit, seeking to recover about $6.3 million in principal and interest the bank says it's due on nearly 19 acres in a large residential housing development in West Des Moines. The developer, Regency Homes, announced earlier this year it was getting out of the home construction business. Five other banks also have sued to foreclose on property in the development, known as Michael's Landing."
http://www.siouxcityjournal.com/articles/2008/07/19/news_business/local/3485906f0e8989d88625748b000ea966.txt

As of August 28, 2009, Vantus Bank had total assets of $458 million and total deposits of approximately $368 million. In addition to assuming all of the deposits of the failed bank, Great Southern Bank agreed to purchase approximately $387 million of the assets. The FDIC will retain the remaining assets for later disposition.The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $168 million.
http://www.fdic.gov/news/news/press/2009/pr09163.html

The 14th bank to fail in Illinois was InBank, Oak Forest, 61 employees, closed Friday by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver; MB Financial Bank, National Association, Chicago, Illinois, to assume all of the deposits of InBank, except certain brokered deposits. There are three branches.

June 30, 2009 the bank reported a $9.6 million write-off of loans/leases, from the previous period in 2008 of $1.9. The June 30, 2009 year-to-date shows a $21.6 million loss after a $20.6 million loss provision.

As of August 3, 2009, InBank had total assets of $212 million and total deposits of approximately $199 million. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $66 million.
http://www.fdic.gov/news/news/press/2009/pr09162.html

First State Bank, Flagstaff, Arizona, 27 employees, became the 89th bank to fail this year after it was unable to reduce its delinquent loan portfolio and raise more capital. It was heavy in residential real estate and commercial development for its size. T A Maricopa County Superior Court judge put the bank into federal receivership after it missed its September 1 FDIC deadline, declaring the bank was "in an unsafe and unsound condition" that was "rapidly deteriorating and there is no reasonable likelihood that it will be able to reverse the trend or obtain an infusion of new capital." The FDIC entered into a purchase and assumption agreement with Sunwest Bank, Tustin, California, to assume all of the deposits of First State Bank. The bank had six branches.

As of July 24, 2009, First State Bank had total assets of $105 million and total deposits of approximately $95 million. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $47 million
http://www.fdic.gov/news/news/press/2009/pr09165.html

List of Bank Failures
http://www.fdic.gov/bank/individual/failed/banklist.html



[headlines]

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[headlines]

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The Age of the Super Broker
by Christopher Menkin

As more and more companies are not accepting independent broker business, or have gotten out of the indirect marketplace, or out of leasing in entirety, more and more indirect and direct leasing representatives are going to a what is known in the trade as a "Super Broker," an expert with access to many financial sources.

The conception that the business is "subprime" is incorrect. The knowledge of who accepts what and why is the main reason for their existence, as well as having a volume to qualify for an entity, or as important, a reputation for high approvals and closure rate, as well as low delinquency rating with the funder. Their existence is all on their reputation. Leas

ing News has identified five "Super Brokers" in business in the United States, according to our standards: "…an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. We reserve the right to not list a company who does not meet these qualifications,"

And definition: To qualify here the company sales must come from another company, mostly an independent broker, specifically not accept direct sales business, particularly not have a direct sales force, nor fund or package the leases in a portfolio. While they may have a warehouse line, and perhaps a non-recourse or recourse line, it is a minority of what their main purpose is.

Perhaps a more simply definition is they are not a "broker," "lessor," "funder" or "packager." Most deal with brokers, but may get a referral from any of the other categories who do not have the ability to accept a specific type of equipment, location, or have exceeded the credit limit of their customer. However, the great majority comes solely from independent brokers.

Leasing News is told much of the business comes from brokers who are relatively new in the business, meaning less than five years experience being independent. At the same time, the other half, Leasing News is told, comes from established independent brokers who do not have the volume to submit to a leasing source who will accept their transaction or have other issues, such as a "sub-broker" origination or be licensed in the state of the lease origination, which maybe a requirement of the funder, or basically have run out of sources that will accept the transaction because it is too small, too large, equipment not accepted such as a restaurant or truck.

In this group, LPI Healthcare Finance primarily does medical loans. While their minimum is $15,000, much of their business is a higher dollar amount. Their footnote description will tell you more.

Quail Capital goes down to $10,000, but the majority of their business is higher dollar amounts, and they do have lines of credit, but the great majority of business is brokered to a funding source. They have other services (please see their footnote.)

BSB and Affiliated are primarily in the small ticket market place. Affiliated has its own warehouse line and unique sources, whereas BSB has partnerships, lines of credit, but the overwhelming business is brokered to a funder. (Their footnote will explain more.)

Steve Geller, CLP, states he will consider a $5,000 lease, but the great majority of his leases are larger, including middle-market, and larger, and may be sophisticated transactions or need quite a bit of financial analysis to understand the creditworthiness. Note is a member of the Equipment Leasing and Finance Association, the only one, and one of two belong to the National Equipment Finance Association ( Jim Lahti, CLP, is a past present of NEFA.)

Three of the five have a "rate chart," although may price a larger transaction, according to the funding source. Most pricing is based on 1/4 of the fee earned, but may vary, although rarely is it higher than "fifty-fifty," but it depends on the size, on the program, the situation, type of equipment, and who winds up as the funder. Often a standard program is spelled out in advance.

BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information

A -Requires Broker be Licensed | B -Sub-Broker Program | C -Warehouse Line | D -Also a Funder

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.)

Rank
Name
In Business Since
Contact
Website
Leasing Association
Employees
Geo
Area
Dollar
Amount
Business Reports
A
B
C
D
1.
BSB Leasing, Inc.
1982
Bruce Zwillinger, Vice President
800.945.3372 ext. 306
bzwillinger@bsbleasing.com
www.bsbleasing.com
NAELB (A)
15
National
Application only up to $100,000
N
N
Y
Y
2.
Quail Capital Corp
1999
Mohammed Ahsan
mahsan@quailcap.com
888-44Quail X23
www.quailcap.com
NAELB (C)
15
Nationwide

$10,000 to $10 million, App only $100K

N
Y
N
*
3.
LPI Healthcare Financial Services, Inc.
2000
Kurt Hess
770-579-2900 ext. 1100
www.lpifinancial.com
NAELB (D)
7
National
$15,000.00 up to $2,000,000.00
N
Y
N
N
4.
Affiliated Investment Group, Inc.
1991
Jim Lahti , CLP
PH: 512-336-7335
FAX: 512-336-7336
jrl@affiliatedinvestment.com
www.affiliatedinvestment.com
NAELB, NEFA (B)

8
Nationwide

$25,000 min., $250,000 max.

"Ap only" program $25,000 - $75,000

CNI 1
CNI 2
N
Y
Y
Y
5.
Leasing Solutions, LLC
2001
Steve Geller, CLP
sgeller@leasingsolutionsllc.com
www.leasingsolutionsllc.com/
ELFA, NAELB, NEFA
4
Nationwide
$5,000 +
  * * * *

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.)

(A) BSB Leasing, Inc has been providing syndication services for brokers nationwide since 1982 and have been funding business directly since 2002 through BSB Direct Finance, LLC. We offer Brokers a complete internet solution for credit submission and tracking and document preparation.

BSB will fund up to $75,000 App Only on our direct line under BSB Direct Finance, LLC and we now offer App Only up to $100,000 through BSB Syndication (our house syndication group.

Broker Qualify - Please Call or see application on-line at bsbleasing.com

(B) Affiliated Investment Group, Inc. is the proud continuation of over 20 years of serving the broker community. We are a balance sheet, cash flow, credit lender. The primary question on every transaction is "what is the likelihood of being paid back". Our motto is "any equipment, for any Lessee, anywhere in the country". Also known as "The Flexible Funding Source" as we look at a deal with the philosophy of "what's right" about it "how can we make it work". We have significant sources of funds from A to B credits.
Broker Qualify - Yes

(C) Quail Capital offers App Only program up to $100K- nationwide. We also have a special California Only “A” credit program with very competitive rate under “California Express Program”.

On the commercial side, Quail Capital specializes in mid market to large structured and complex transactions. Mohammed Ahsan began his days at Westinghouse Credit (then Atlantic Financial, Mitsubishi Bank, Bank of California and First Sierra) as a funder. He has been in the leasing industry for 29 years. His partner Jeff Rudin has over 29 years leasing experience.

In addition to the equipment leasing, Quail Capital is also involved in Asset Based Lending, Franchise Financing, Acquisition Finance, Sale- Lease Back- Working Capital and facilitate the SBA program.

Broker Qualifying- please call.

(D) LPI-HC specializes in working Capital Loans / Equipment Financing for new and established medical professionals with our target market being dentists, medical doctors, veterinarians and physical therapists. We also offer any type of Medical Practice Refinancing for established medical professionals that want to consolidate all their practice debts and improve their cash flow position. "We have the financial solutions to help start and grow a practice with repayment programs designed for medical professionals to manage their money."
Broker Qualify - Please Call
Address:
2260 Rushmore Dr .
Suite B-3
Marietta , GA 30062

[headlines]

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Leasing News Top Stories-August 31--September 4

Here are the top ten stories opened by readers:

(1) OfC Capital, Roswell, GA Exits Leasing
http://leasingnews.org/archives/September%202009/09-02-09.htm#OFC_Capital

(2) Archives---September 4, 2004
History of Colonial Pacific Leasing

http://leasingnews.org/archives/September%202009/09-02-09.htm#History_Pacific_Leasing

(3) Triad Leasing & Financial, Boise, files BK
http://leasingnews.org/archives/August%202009/08-31-09.htm#Triad_Leasing

(4) Menkin pleads "guilty"
by Christopher "Kit" Menkin

http://leasingnews.org/archives/September%202009/09-02-09.htm#Menkin_Pleads_Guilty

(5) LeasePolice.Com/Vision Commerce Alliance
http://leasingnews.org/archives/August%202009/08-31-09.htm#Lease_Police

(6) HL Leasing/Gordon Roberts Bizarre Twist
by Christopher Menkin
http://leasingnews.org/archives/September%20200 9/09-04-09.htm#HL_Leasing

(7) Oh, No! 3rd Complaint---First Sound vs. Secords
http://leasingnews.org/archives/August%202009/08-31-09.htm#Third_Amended

(8) Credit Availability Still Slowing Expansion & Leasing
http://leasingnews.org/archives/August%202009/08-31-09.htm#Third_Amended

(9) Sales make it Happen---by Mr. Terry Winders, CLP
The Use of Lease Proposals

http://leasingnews.org/archives/September%202009/09-02-09.htm#Sales_Make_It_Happen

(10) Leasing 102 by Mr. Terry Winders, CLP
Residual Value in Poor Economic Times

http://leasingnews.org/archives/August%202009/08-31-09.htm#Leasing102


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

[headlines]

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Classified Ads---Help Wanted

 

2 years+ small ticket ($150k and under) experience
We offer the ability to structure and fund Vendor Programs, great
commission splits; friendly support staff in beautiful Carlsbad, CA.
Remote office work is acceptable for the right candidate.
More Info: click here or Email resumes@ilslease.com

ILS is a direct lender specializing in
Vendor Program business.
www.ilslease.com

 

Sales positions in our Calabasas, CA office
2 years+ small ticket or mid market experience
Established customer/vendor relationships a plus. Base
plus commission. Submit resume to: jobs@TEQlease.com

TEQlease provides customized equipment leasing solutions for businesses.
www.TEQlease.com

[headlines]

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Leasing 102
by Mr. Terry Winders, CLP

Back to leasing

We tend to forget the many differences between purchasing, financing, and leasing. In all the discussion regarding the changes in accounting for leases that the FASB wants to create they have forgotten that in a lease the Lessor "owns" the equipment. Perhaps this is because we rely so heavily on $1 out or bargain purchase option leases. Our cry to the leasing industry to have our accountants and owners write to FASB to complain about their lack of understanding of true leasing, and the responsibilities we take on as equipment owners, has suffered from "let the other guy do it". So we will most likely suffer from an accounting view that we "are" just another form of financing. Therefore, I think we need to explore how leasing got started in the old days, before accounting became the focus and how we will need to sell it in the future.

The federal income tax depreciation tables since 1981 have not matched the true "use" of the equipment making the capital equipment recovery process out of whack with the customer's use of the equipment. Take the modern computer or lap top. It appears that the useful life is about three years. However the MACRS depreciation tables for Federal Income Tax require computers to be depreciated over 5.5 years. That means put out your money now and get your tax deductions over 5.5 years. That is why a lot of data processing equipment is leased over three years with extension possibilities to match expenses to actual term of "use". This is the number one reason to lease. Putting use, cash and expense together. The expense term for accounting, tax, and cash outlay is in tandem only when a true lease is the method of acquiring the equipment. Depreciation for accounting is usually different than that for federal income tax and both are different that the term on a loan or $1 out lease.

I should point out that most of the reasons to lease require a "true lease" where the Lessor is the true and usually legal owner of the equipment and the lessee "user" will expense the rents. Under current operating lease capitalization rules for accounting, a lessee is allowed to expense the rents "as paid" if the "use" of the equipment is irregular. Therefore, seasonal or an irregular use creates a seasonal cash flow and the lessee usually wants to put equipment cost in the same period as the revenue. Leasing is the only way to do it. Never underestimate the customers "need" to put expenses in the correct period to match up with revenue. This is an excellent form of profit margin control and cash conservation. Remember that loans and $1 out leases are amortized on a straight line basis and require the extra expense of a line of credit to handle mismatches of cash and expense.

Cash is difficult in poor economic times so things like sales taxes, down payments and transportation costs are usually up front expenses. Leasing can deter these expenses into the future. Also when an addition to production or service is required a lease can lower costs in the beginning and increase rental payments in the future when business picks up. In addition the deferral of payments into the next budget year can help companies that need equipment now but do not have any budget funds this year.

The need to control expenses and cash have pushed leasing for many decades however the accounting advantages of operating leases has caused us to view off balance sheet has a major incentive to lease and we have lost our ability to sell the real reasons to lease. It is time to go back to the customer and hunt for solid lease opportunities and look as closely as we can to equipment "use" and how to create a lease term that offers cash, tax, and expense control. Ownership of the equipment is not that important on many types of equipment. So leasing is better accepted today. Plus with the advent of modern electronics most equipments use is short of the current federal depreciation tables.

We always say lease what depreciates in value and finance hard and long term equipment. A good lease salesperson does not only reacts to the customer's request but looks for the real reason a lease will do the job and makes a relationship stick with the customer instead of just doing a transaction.

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

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm




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

[headlines]

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

New SBA Financing Guidance Applauded by IFA

WASHINGTON,-The International Franchise Association today applauded the Small Business Administration for revising their Standard Operating Procedure for financing of goodwill in re-sale transactions as requested by IFA earlier this year.

"This change in the SBA goodwill financing guidance is good news for the franchise industry," said IFA Vice President of Government Relations David French. "The previous guidance would have eliminated the ability of many franchised small business owners to transfer or sell their company."

In February, IFA urged the SBA to reconsider a set of proposed changes to the goodwill financing rules. The changes, contained within the SBA's SOP 50-10 revision 5(a), took effect March 1 and effectively capped the amount of goodwill financing at $250,000. Until the March changes, the SBA's 7(a) loan program had generally allowed lenders to utilize the goodwill difference between the value of the business and the value of the book assets in establishing a basis for a guarantee. The IFA responded to the March changes by noting that the goodwill financing policy adopted by the SBA's SOP would curb the transfer of the vast majority of franchised small businesses to otherwise qualified new owners.

The new guidance, which will become effective Oct. 1, removes the cap on goodwill financing that was set at $250,000 or 50 percent of the loan amount, whichever as lower.

Specifically, the new SBA guidance provides that:

o If the intangible amount is under $500,000, lenders may finance 100% of goodwill without restriction.

o If the intangible amount is greater than $500,000, lenders may finance 100% of goodwill, provided that the purchaser injects 25% or more into the transaction as equity. This may include standby seller financing (2 year minimum) as a portion of the equity injection.

o Additionally, language forcing lenders to explore seller financing on all transactions was stricken from the document. Lenders now have the flexibility to determine if seller financing is appropriate on a transaction by transaction basis.

"We are pleased that the SBA listened to our concerns," French said. "During these challenging economic times, the more tools and resources available to franchise businesses, the more economic growth and job creation can occur."

About the International Franchise Association
The International Franchise Association, the world's oldest and largest organization representing franchising, is the preeminent voice and acknowledged leader for the industry worldwide. Approaching a half-century of service with a growing membership of nearly 1,300 franchise systems, 10,000-plus franchisees and more than 500 firms that supply goods and services to the industry, IFA protects, enhances and promotes franchising by advancing the values of integrity, respect, trust, commitment to excellence, honesty and diversity. For more information, visit the IFA Web site at www.franchise.org.

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

[headlines]

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News Briefs----

Missing Lehman Lesson of Shakeout Means Too Big Banks May Fail
ttp://www.bloomberg.com/apps/news?pid=20601102&sid=aX8D5utKFuGA

Leadership in Finance: Christina Cook of the Bank of Marin
http://www.cfo.com/article.cfm/14301210?f=home_featured

Top 10 gas guzzlers
http://www.bankrate.com/finance/auto/top-10-gas-guzzlers-exotics-rule.aspx

As rental car fleets shrink, rates they charge drivers are rising
http://www.usatoday.com/money/industries/travel/2009-09-03-rental-car-rates_N.htm

Retail landlords have vast spaces to fill
http://www.pressdemocrat.com/article/20090906/BUSINESS/909061070/1036?Title=Retail-landlords-have-vast-spaces-to-fill

Intel Releases First Core i5 Processors
http://www.internetnews.com/hardware/article.php/3837901/Intel+Releases+First+Core+i5+Processors.htm

[headlines]

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You May have Missed---

RedBox $1.00 DVD Vending Machines
http://www.nytimes.com/2009/09/07/business/media/07redbox.html?_r=1&scp=1&sq=redbox&st=cse



[headlines]

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California Nuts Briefs---

SF Bay Bridge to remain closed until Wednesday
http://www.sacbee.com/topstories/story/2165844.html

[headlines]

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Sports Briefs----

No Blimp for Redsox Fans
http://www.boston.com/business/articles/2009/09/05/a_sight_sidelined/

Ex-Pat Seymour has yet to report to Oakland Raiders
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/07/SP9919JOMS.DTL&type=sports

[headlines]

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"Gimme that Wine"

Kathryn Kennedy, a California Winemaker, Dies at 82
http://www.nytimes.com/2009/09/04/us/04kennedy.html?ref=dining

Sonoma Wine auction: Tough economy leaves glasses half empty http://www.pressdemocrat.com/article/20090906/ARTICLES/909069977

Findings of wine contest study hard for critics to swallow http://www.latimes.com/business/la-fi-wine4-2009sep04,0,3295012.story

Wine Enthusiast's Wine Star Awards Nominees Announced! http://www.winemag.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=893157557F4C471B90CE816DBB0EB3A6'>http://www.winemag.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=893157557F4C471B90CE816DBB0EB3A6

As Champagne Fizzles, Makers Squash Supply http://online.wsj.com/article/SB125192460913580955.html

Wine Prices by vintage
http://www.winezap.com
US/International Wine Events
http://www.localwineevents.com/
http://www.wine-searcher.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/

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Today's Top Event in History

1986-"The Ophrah Winfrey Show" premiered on TV. This daytime talk show as the top rated talk show for years and also has the distinction of being the first talk show hosted by a black woman, Ophrah Winfrey. Her show is taped in front of a studio audience who are solicited for their questions and feedback. In the mid-199s, fed up with the plethora of trashy talk shows that had sprung up everywhere, Winfrey decided to upgrade the quality of topics that her show presented. Her book club feature has been a popular element of her show, and chosen books usually become best seller.
http://www.chicagobreakingnews.com/2009/09/preparations-underway-for-oprahs-event.html

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This Day in American History

    70--- Following a six-month siege, Jerusalem surrendered to the 60,000 troops of Titus' Roman army. Over a million Jewish citizens perished in the siege and, following the city's capture, another 97,000 were sold into slavery. Today others say the Jews have no right to belong in Israel. Nothing much has changed, then?
    1522 -- The Victoria is the first ship ever to encircle the globe. It reached port without its captain, Magellan, who died en route in the Philippines. One of Ferdinand Magellan's five ships returns to Spain, thus completing the first successful circumnavigation of the world. Magellan, a Portuguese navigator employed by Spain, set out from Seville three years ago with 265 men. Only 15 survived the journey. Magellan himself was killed after making a local chief in a Christian and then to prove the authority of Spain, attacked the chief adversary, but in waters that did not allow his ship to get close enough to shore to fire cannons, and the men were attacked in hand combat in shallow waters, with Magellan being http://www.eyewitnesstohistory.com/magellan.htm
    1565 - Spanish explorers led by Pedro Menendez de Aviles founded St. Augustine in Florida, the first permanent European settlement in North America. St. Augustine was founded 42 years before the English settlement of Jamestown in Virginia.
    1636--- Harvard College (later University) was founded by the Massachusetts Puritans at New Towne. It was the first institution of higher learning established in North America, and was originally founded to train future ministers. Harvard College was established in 1636 by vote of the Great and General Court of the Massachusetts Bay Colony and was named for its first benefactor, John Harvard of Charlestown, a young minister who, upon his death in 1638, left his library and half his estate to the new institution. Harvard's first scholarship fund was created in 1643 with a gift from Ann Radcliffe, Lady
    1644 - The settlement of New Amsterdam was seized from Dutch governor Peter Stuyvesant by the English under Colonel Richard Nicholls without a shot being fired. It was later renamed New York after James, Duke of York, the future King James II.
    1755 - In the Seven Years War in North America, Col. William Johnson with his English militia defeated a combined French and Indian force in the Battle of Lake George.
    1760 - British troops under Jeffrey Amherst defeated the French in the Battle of Montreal; after the loss, the French surrendered their arms throughout Canada.
    1771 --Mission San Gabriel Archangel forms in California.
http://www.californiamissions.com/cahistory/sangabriel.html
    1781-- The American Revolutionary War was going badly for the freedom fighters as New London, Connecticut was looted and partially burned by British Troops under Gen. Benedict Arnold, who had joined the British. He also captured Fork Griswold at Groton across the Thames River. Benedict Arnold reportedly treated American soldiers with unnecessary brutality. The loyalist thought they could win the war. Another factor for Arnold was not only the money for his young wife, but the fact he hated the French, and their coming to the ad of the new colony was more than he could take, he said. But it was really the money he was after.
    1847 - Americans under Gen. Winfield Scott defeated the Mexicans at the Battle of Molino del Rey in the Mexican War.
    1866 - In Chicago, Illinois, James and Jennie Bushnell became the parents of sextuplets when their three boys and three girls were born. Two of the babies died, but the surviving four lived long lives. This was the first birth of sextuplets recorded.
    1883 -- Sitting Bull, main chief of the Sioux tribes, delivers a speech insulting & making fools of US authorities to great applause. Sitting Bull (Tatanka Iyotake), whose position was being bypassed by US authorities because he firmly stood against the robbery of the native peoples, spoke at the celebration of the driving of the last spike in the Northern Pacific railroad joining with the transcontinental system. He delivered the speech in his Sioux language, departing from a speech originally prepared with an army translator. Denouncing the US government, settlers and army, the listeners thought he was delivering a speech of welcome and praise. While giving the speech Sitting Bull paused for applause periodically, bowed, smiled and continued insulting and making asses of the audience & US authorities as the translator delivered the original address.
    1883 - The Northern Pacific Railroad across the U.S. was completed.
    1892 - Written by Francis Bellamy, the original "Pledge of Allegiance" was first published in an issue of The Youth's Companion in Boston.
    1897 -- Birthday of American folksinger Jimmie Rodgers lives, born Meridian, Mississippi. Died New York, New York, May 26, 1933. He is often called the "father of country music."
http://www.southernmusic.net/jimmierodgers.htm
    1900 - Galveston, Texas was hit by the worst hurricane in United States history. Twenty-three foot waves and winds up to 135 miles per hour killed 6,000 people. The storm lasted for 18 hours. The city, on an island connected to the mainland by a 2-mile long causeway, had to be rebuilt. When the renovations were completed, Galveston was raised 15 feet above its old level and a new sea wall was built six feet higher than the former high-water mark.
http://memory.loc.gov/ammem/today/sep08.html
    1903-The American Federation of Labor granted a charter to the granite quarry workers of Barre, Vermont. To document the lives of workers whose union standards outpaced the nations, writers from the Federal Writers' Project interviewed Barre quarrymen in the early 1940s. Many of these interviews are in the American Memory collection American Life Histories, 1936-1940.
(lower half of http://memory.loc.gov/ammem/today/sep08.html )
    1911 -- Naturalist Euell Gibbons born in Clarksville, Texas, died December 29, 1975. Perhaps his appearances on the Johnny Carson shows started a healthy food eating craze. The Post Grape Nuts cereal advertising quote "Ever eat a pine tree? Many parts are edible." is attributed to him (and inspired Carson to joke about sending him a "lumber-gram"). Ironically he died from a heart attack, most likely brought on as a result of smoking cigarettes, the saturated fats he added to his wild food diet, and a lack of exercise in his later, declining years.
http://www.tsha.utexas.edu/handbook/online/articles/GG/fgi38.html
    1921-Margaret Gorman of Washington, DC, was crowned the first Miss America at the end of a two-day pageant at Atlantic City, NJ. The sixteen-year-old schoolgirl was a dead ringer for reigning matinee superstar, Mary Pickford. Gorman continued to compete in later years, and though unsuccessful, was always a favorite of the crowds. A few years later, she married Victor Cahill, and was happily married until he died in 1957. She lived all her life in D.C., but enjoyed traveling. She died in October 1995.
http://www.missamerica.org/our-miss-americas/1920/1921.asp
http://www.missamerica.org/our-miss-americas/1920/review.asp
    1922- Comedian Sid Caesar birthday. While Milton Berl was considered
“Mr. Television” in the 1950's, it was Caesar “Show of Shows” that really cracked this teenager up. My father was a personal friend of the director, and also good friends of two of the characters in the series, and we would visit the set. Caesar was always very serious in person, but there was electricity in the live performance that made all ages laugh.
His show was the "must see" every Saturday night for four years ((112 episodes, 1950-1954)), Caesar's Hour 1954-1957. 1958 Sid Caesar invites. Known for deviating from the script, more a "comedy character" than one liners, he was very unsure of himself behind the scenes. He has appeared in many movies and TV shows, as well as Las Vegas. My father knew him and many of the writers, as Carl Reiner and Howie Morris were close friends of his. My father could imitate Caesar 100%. My father was an early television writer/producer in New York before networks. He produced the first network show for NBC, but is perhaps best known as the creator/writer of "Captain Video," "Harlem Detective (black and white cop in 1951" and "Hands of Mystery."
http://www.museum.tv/archives/etv/C/htmlC/caesarsid/caesarsid.htm\
http://www.imdb.com/name/nm0128377/
http://www.sidcaesar.com/
    1923-Birthday of bass player Wilbur Ware, Chicago, Il, perhaps best known among hard bop bass players, heroin took him down.
http://www.harlem.org/people/ware.html
http://www.vh1.com/artists/az/ware_wilbur/bio.jhtmlc
    1932-Birthday of Patsy Cline, country and western singer, born Virginia Patterson Hensley in Winchester, Va. Patsy Cline got her big break in 1957 when she won an Arthur Godfrey Talent Scout show, singing “Walking After Midnight.” Her career took off and she became a featured singer at the Grand Ole Opry, attaining the rank of top female country singer. She died in a plane crash March 6, 1963, at Camden, TN, along with singers Hawksaw Hawkins and Cowboy Copas.
    1935 - The Hoboken Four, featuring lead signer Frank Sinatra, appeared on WOR radio's "Major Bowes Amateur Hour". The group won the contest held at the Capitol Theatre in New York City.
    1935 - Louisiana Senator Huey P. Long was shot while attending a session of the state House of Representatives in Baton Rouge. Fatally wounded, he died two days later.
    1941 - In World War II, the blockade of Leningrad began as the German army encircled the city, cutting it off from the rest of the country. The siege lasted until January 1944 with nearly 1 million civilians being killed.
    1941 - For Columbia Records, Harry James and his orchestra recorded "Miserlou".
    1943 - United States General Dwight D. Eisenhower announced the unconditional surrender of Italy in World War II.
    1944---*PRUSSMAN, ERNEST W. Medal of Honor
Rank and organization: Private First Class, U.S. Army, 13th Infantry, 8th Infantry Division. Place and date: Near Les Coates, Brittany, France, 8 September 1944. Entered service at: Brighton, Mass. Birth: Baltimore, Md. G.O. No.: 31, 17 April 1945. Citation: For conspicuous gallantry and intrepidity at risk of life above and beyond the call of duty on 8 September 1944, near Les Coates, Brittany, France. When the advance of the flank companies of 2 battalions was halted by intense enemy mortar, machinegun, and sniper fire from a fortified position on his left, Pfc. Prussman maneuvered his squad to assault the enemy fortifications. Hurdling a hedgerow, he came upon 2 enemy riflemen whom he disarmed. After leading his squad across an open field to the next hedgerow, he advanced to a machinegun position, destroyed the gun, captured its crew and 2 riflemen. Again advancing ahead of his squad in the assault, he was mortally wounded by an enemy rifleman, but as he fell to the ground he threw a handgrenade, killing his opponent. His superb leadership and heroic action at the cost of his life so demoralized the enemy that resistance at this point collapsed, permitting the 2 battalions to continue their advance.
    1945 - Bess Myerson of New York was crowned Miss America. She was the first Jewish contestant to win the title.
    1950---Top Hits
Mona Lisa - Nat King Cole
Play a Simple Melody - Bing Crosby
Goodnight Irene - The Weavers
Goodnight Irene - Red Foley-Ernest Tubb
    1952-- Ernest Hemingway's "Old Man & the Sea" published. It is his last work. It was for this work that he received the Nobel Prize in Literature.
http://www.ernest.hemingway.com/oldman.htm
http://www.hemingwayhome.com/HTML/main_menu.html
    1952 - No. 1 Billboard Pop Hit: "You Belong to Me," Jo Stafford.
    1955 - The Brooklyn Dodgers won the National League pennant in the earliest time a team had done so.
    1955--Birthday of composer Daniel Palkowski, Oak Ridge, Tenn.
    1956 Harry Belafonte's album "Calypso," goes to #1 & stays #1 for 31 weeks
    1958 - Roberto Clemente of the Pittsburgh Pirates tied a major-league baseball record by hitting three triples. Clemente led the Bucs to a 4-1 win over the Cincinnati Reds.
    1958 - The International Olympic Committee barred Communist China from the 1960 Olympic Games.
    1958---Top Hits
Nel Blu Dipinto Di Blu (Volare) - Domenico Modugno
Little Star - The Elegants
Patricia - Perez Prado
Bird Dog - The Everly Brothers
    1962-The novelty song "Monster Mash" by Bobby "Boris" Pickett enters the Hot 100 at #85. It's a tongue in cheek take-off on the late night monster movies. He recorded it with sound effects: the creaky door opening is a nail being pulled from a piece of wood, the boiling cauldron is Pickett blowing bubbles into a cup of water with a straw and the chains are him moving chains up and down. He also did all the voices. The song will make it to Number One for two wee
    1965 -Hurricane Betsy kills 75 in Louisiana & Florida.
http://www.answers.com/topic/hurricane-betsy
    1965 - Bert Campaneris of the Kansas City Athletics played all nine positions as his team lost to the California Angels, 5-3 in 13 innings. He gave up one run while pitching.
    1965 - An ad in a Hollywood newspaper on this date requested four "insane boys, ages 17-21" to act in a television series about a rock and roll band. More than 400 hopefuls auditioned and those selected to be The Monkees were Micky Dolenz, Davy Jones, Mike Nesmith, and Peter Tork. The show, The Monkees, was the brainchild of producers Bert Schneider and Robert Rafelson. Within the year following the show's premiere, the four young men became international prime time pop stars.
    1966- The first of 79 episodes of the TV series "Star Trek" was aired on the NBC network. “Beam me up, Scotty.” Perhaps the first cell phone was introduced
and the first kiss between a black woman and a man on television, along with many other innovative and comical episodes.
    1966-“Tarzan” premiered on TV. This hour adventure series was based on Edgar Ritch Burroughs's character, who appeared for the first time on TV. Tarzan, an English lord who preferred the jungle, was played by Ron Ely,. Manuel Padilla, Jr. was Jai, a jungle orphan. Alan Caillou was Jason Flood, Jai's tutor, and Rockne Tarkington was Rao, a veterinarian. There was no Jane.
    1966—“That Girl: premiered on TV, a half-hour sitcom starring Marlo Thomas. Ted Bessell also starred as her boyfriend Don Hollinger. They were finally engaged in 1970. Also featured were Lew Parker, Rosemary De Camp and Bonnie Scott. Well-known performers who appeared on the show included Cabeny Coleman, George Carlin and Bernie Kopell.
    1966---Top Hits
Sunshine Superman - Donovan
See You in September - The Happenings
You Can't Hurry Love - The Supremes
Almost Persuaded - David Houston
    1973--Marvin Gaye enjoyed his second #1 hit on the Billboard Pop chart with "Let's Get It On". He would place 7 more records on the list by 1982, giving him a total of 40.
    1973 - Hank Aaron got home run #709 went into the record books. The Atlanta batter set a major league baseball record for most home runs hit in one league. In 1974, Aaron decimated Babe Ruth's record of 714 homers.
    1974 - In a controversial move, US President Gerald R. Ford pardoned former President Richard M. Nixon for any crimes he "committed or may have committed" while in office. Ford defended his decision by explaining that he wanted to end the national divisions created by the Watergate Affair. The American Public thought it was a “pay off.” Ford was the only president not nominated for the office, taking over the vice-presidency after Spiro Agnew resigned.
    1974- Richard Nixon was give " full, free, and absolute pardon, for all offenses against the United States which he, Richard Nixon, has committed or may have committed or taken part during the period from January 20, 1969 through August 9, 1974."
    1974 - No. 1 Billboard Pop Hit: "I Shot the Sheriff," Eric Clapton. The song is a remake of Jamaican Bob Marley's reggae version.
    1974---Top Hits
(You're) Having My Baby - Paul Anka
I Shot the Sheriff - Eric Clapton
Tell Me Something Good - Rufus
Please Don't Tell Me How the Story Ends - Ronnie Milsap
    1976-Disco band Wild Cherry's self-titled album, which includes their Number One single, "Play that Funky Music," goes gold.
    1976-The debut album by Vancouver band rock band Heart, "Dreamboat Annie" goes gold. The album contains "Magic Man" (a #9 hit) and "Crazy on You."
    1982---Top Hits
Abracadabra - The Steve Miller Band
Hard to Say I'm Sorry - Chicago
Hold Me - Fleetwood Mac
Love Will Turn You Around - Kenny Rogers
    1986-“The Ophrah Winfrey Show” premiered on TV. This daytime talk show as the top rated talk show for years and also has the distinction of being the first talk show hosted by a black woman, Ophrah Winfrey. Her show is taped in front of a studio audience who are solicited for their questions and feedback. In the mid-199s, fed up with the plethora of trashy talk shows that had sprung up everywhere, Winfrey decided to upgrade the quality of topics that her show presented. Her book club feature has been a popular element of her show, and chosen books usually become best seller.
    1987 - Thunderstorms produce 4-8 inches of rain in 3 to 6 hours in Virginia bringing the totals for the Labor Day weekend up to 14 inches. The Staunton River crested at 34.44 feet at Altavista, its highest level in 47 years with flood damage estimated at 47 million
    1987-at Miami the mercury soars to 97 setting a record for the date and month.
    1990---Top Hits
Blaze of Glory - Jon Bon Jovi
Release Me - Wilson Phillips
Do Me! - Bell Biv DeVoe
Jukebox in My Mind - Alabama
    1998- Mark McGwire of the St. Louis Cardinals hit his 62nd home run, breaking Roger Maris's 1961 record for the most home runs in a single season. McGwire hit his homer at Busch Stadium at St. Louis against pitcher Steve Trachsel of Chicago Cubs as the Cardinals won 6-3. McGwire finished the season with 70 home runs.
    2002-Pop Zhao, a SF artist, organized volunteers to drape 3 miles of US flags along the SF coastline in an artistic display of patriotism, remembrance and strength.
    2003 - With four honors, Shania Twain is the big winner at the Canadian Country Music Awards, presented at the Pengrowth Saddledome in Calgary, Alberta. Twain wins for top female, top album and top-selling album for "Up!" (Mercury Nashville) and top video for "I'm Gonna Getcha Good!"

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Baseball Poem

Ye Old Witch's Curse
BY TIM PEELER

Without seeing one, I can feel it in
My hand, fresh from an umpire's dark blue
Canvas bag: a sweet white sphere-but not as
Smooth as one might think a palomino's
Forgiving hide.

It feels a bit like your dry face after
A very close shave, and the odor is
Quite like a new leather belt or wallet-
A good pitcher could smell the sharp break in
The face of the rock-and every baseball
Has one: a mouth, closed eyelids, a low brow,
The receding hairline of red stitches.

In sport what can you compare with this orb?
A puck? A grainy leather basketball?
Without seeing one, I can feel how it
Rests in the open palm of my right hand,
The excitement of placing two fingers
With or against the lightly rising seams,
Rubbing it with my glove propped between my
Elbow and hip while a batter fidgets
Inside a perfectly fresh line of chalk.

--- with the permission of the author, from his
book of baseball poetry:
"Waiting for Godot's First Pitch"
More Poems from Baseball

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?

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Daily Puzzle

How to play:
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Refresh for current date:
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Weather

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