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About the Company: www.leasingpartnerscapital.com |
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Available by e-mail in a text format, sent out at 3:00am, free:
http://www.leasingnews.org/addme-mailing-list.htm
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Headlines---
Financial
Pacific files for IPO
Cartoon---Tonto
and the Long Ranger
Weekly Bulletin
Board Complaint
NAELB
Conference—April 29-May 1
Fitch
Downgrades Centerpoint Funding Company
######## surrounding the article denotes it is a “press
release”
-------------------------------------------------------------------------------
Note: Our CGI script that informs us from the web site with such
features as “add
me to the mailing “ list has been up-graded. During
this period, these
features were down. We apologize for any
Inconvenience.
-------------------------------------------------------------------------------
Classified
Ads---Credit
Credit: Atlanta,
GA. VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment
leasing. Strong financial analysis and management skills. Experience
developing and maintaining profitable customer/vendor relationships.
Email:credops@msn.com
Credit: Atlanta,
GA.
Senior Credit Officer
in middle-market equip. finance, vendor, 3rd party, specialty, flow
credit to the fortune 1000. Team builder, originations capable, strong
work ethic, ability to multi-task.
Email: kyletrust@hotmail.com
Credit: Atlanta,
GA.
10 yrs experience
in credit/collections/recovery/documentation in the leasing industry.
P&L responsibility, team builder & strong portfolio mgnt skills.
email: mortimerga@adelphia.net
Credit: Boston
Ma.
Challenging position
where my skills, professional experience, organization, leadership,
strategic thinking, creativity, energy, passion, competitive nature
will enable me to define opportunities and personal development.
Email:
bernd.janet@verizon.net
Credit: Corona,
CA.
VP credit Consumer
Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If
you are looking for someone to affect the bottom line I am that person.
Will relocate. Email:amosca2000@yahoo.com
Credit: Danbury,
CT.
Skilled in team building,
management & training. Seasoned credit, portfolio and risk management
professional. Experienced
in developing, implementing
underwriting, portfolio management policies & procedures.
email: vgjmoro@aol.com
Credit/Documentation:
Fort Lee NJ
3 Years Experience.
Looking in NJ/NY. Email: angitravis@mail.com
Credit: Long
Beach, NY. Credit officer w/more
than 20 years of
experience. Seeking position in which I can utilize my credit-collections,
communication &management skills. Email:michaelschaubeck@webtv.net
Credit: Los
Angeles, CA
Over 15 years experience
in Credit/Operations with Small Ticket and transactions up to $500,000.00.
CLP, with excellent relationships with most major lenders. Email:jonbh123@earthlink.net
Credit: Mill
Valley, CA
Senior corporate
officer with financial services credit background. M and A, fund raising
and workout expertise. Email:nywb@aol.com
Credit: New
Jersey, NJ
Credit Analyst with
10+ years experience in small-ticket lending up to $500,000. Experience
with both vendor-direct and with brokers.
Email: b.leavy@worldnet.att.net
Credit: New
York, NY
3+ years of leasing
credit / contracts experience. Currently in the leasing industry and
moving to NY! Exp. working at both funding source and broker.
Email: lease4you@mail.com
Credit:
New York, NY.
V.P. Credit &
Collections w/23 years exp.looking for a situation where I can utilize
my varied & extensive knowledge of credit/ collections/risk-management
& leasing. Email:rcouzzi@yahoo.com
Credit: New
York, NY Credit officer with banking and leasing background; strong
analytical and communication/PC skills with lending and portfolio management
experience. Email: michaelschaubeck@webtv.net
Credit: Phoenix,
AZ.
Credit/Leasing Manager-
8 years underwriting. Proven performer, strong negotiator and sales
support. Worked with the best- Randy Schiell, Chuck Brazier, Jim Lahti.
Contact: Elizabeth
Rose (480)510-7434 Email: ravenfinance@aol.com
Credit:
San Francisco, CA. 10+ years Credit Analyst experience underwriting
for a direct lessor, regional bank and vendor leasing company. Have
CLP and will make decisions ( won't rely on a FICO score for enlightenment.)
Email: pmtorres1@yahoo.com
Credit Manager:
Westlake, OH
7+ years Credit/Underwriting
experience Comp lit. Please email me for copy of job description at
mgallo@comfingrp.com
Full list
of all classified job wanted ads at : http://64.125.68.90/LeasingNews/JobPostings.htm
---------------------------------------------------------------
Economic
Events This Week
April 13
Tuesday
Retail Sales: March
Inventory-Sales Ratio:
February
April 14
Wednesday
Consumer Price Index:
March
Balance of Trade:
February
April 15
Thursday
Weekly Jobless Claims
Taxes Due
April 16
Friday
Housing Construction:
March
Industrial Production:
March
Capacity Use: March
----------------------------------------------------------------
Financial
Pacific files for IPO
By Drew DeSilver
Seattle Times business
reporter
Financial Pacific
is in the leasing business, but its latest move is a sale.
The 29-year-old equipment-leasing
company in Federal Way filed yesterday to sell up to $80.5 million in
stock in an initial public offering — the latest in a boomlet of Northwest
IPOs.
Financial Pacific
specializes in leasing a wide range of business equipment — computers,
machine tools, restaurant supplies and beauty-salon paraphernalia —
to small businesses with poor credit records or short operating histories.
The company concentrates on equipment leases worth up to $250,000.
It's been a good
business. According to papers filed with the Securities and Exchange
Commission, the company has been profitable for four of the past five
years. Its 2003 profit of $5.3 million was almost two-and-a-half times
higher than the 2002 figure. Revenue last year was nearly $43 million,
a 5.9 percent increase from 2002.
And the spreads are
attractive, too, at least for the lender: Interest income, measured
as a percent of average net investment in leases, was 20.16 percent
last year, while interest expense as a percent of average revolving
and term debt was just 4.93 percent.
The company operates
nationwide, largely through independent brokers. At the end of 2003,
it had 15,592 active leases in its portfolio and lessees in 48 states.
Windward Capital
Partners, a New York-based private equity firm, bought a majority stake
in Financial Pacific in January 1998; it now owns more than 90 percent
of the company.
Yesterday's SEC filing
did not specify how many shares would be sold in the IPO or what the
price range would be, though it did say Windward would sell part of
its stake as part of the offering. Dale Winter, Financial Pacific's
chief executive, did not return calls seeking comment.
Banc of America Securities,
Piper Jaffray and SunTrust Robinson Humphrey are underwriting the offering.
The company plans to trade on the Nasdaq National Market under the symbol
FNPC.
Financial Pacific
will use about $8.7 million of its proceeds from the offering to redeem
preferred stock and $10 million to pay off debt left over from the 1998
purchase by Windward. Anything left over would be used to pay down its
other debt, which it uses to fund leases.
With signs that the
U.S. economy is finally kicking into gear, investors have grown more
interested in commercial finance companies.
Marlin Business Services,
a New Jersey-based equipment-leasing company that competes in much the
same market as Financial Pacific, raised $46.6 million in an IPO in
November; its shares are up 16 percent from the IPO price. And CIT Group,
which was spun off from Tyco in 2002, has more than doubled over the
past year.
Drew DeSilver: 206-464-3145
or ddesilver@seattletimes.com
Cartoon---Tonto
and the Long Ranger
--------------------------------------------------------------------------------------------------
Report
slams DVI's execs
By JOHN WILEN
The Intelligencer
DVI, the bankrupt
Jamison medical equipment finance
company, engaged
in a pattern of improper and "highly
suspect" loan
extension and accounting behavior that
ultimately led to
its collapse, according to a
bankruptcy court
examiner's report filed yesterday.
"Driven by a
domineering CEO and president [Michael
O'Hanlon], DVI attempted
to meet its pressing
liquidity needs and
compensate for inadequate
capitalization by
various improper or highly
suspect measures,"
the report states.
The report stops
short of alleging that company
executives and
directors broke any
laws. But it describes their
behavior with words
like "fraud" and "illegal," and
clearly opens the
door to future actions by a variety
of investigators.
The report, filed
by court-appointed examiner R. Todd
Neilson, a former
FBI agent, said that Neilson
cooperated with several
other agencies in conducting
the investigation,
including U.S. attorneys in
Delaware and Pennsylvania,
the Securities and Exchange
Commission, the FBI
and the U.S. Postal Service.
The report is particularly
hard on O'Hanlon, who
resigned last August
on the day the company filed for
bankruptcy. At one
point, Neilson calls a method
O'Hanlon and CFO
Steven Garfinkel used to address a
shortage of capital
"illegal," and at another alleges
he authorized "fraud."
O'Hanlon could not
be reached for comment. At attorney
for Garfinkel declined
comment.
Neilson based his
report on company documents and
interviews with many
former DVI officials, including
Garfinkel. He did
not interview O'Hanlon, who told
Neilson he would
exercise his Fifth Amendment rights
against self-incrimination
if subpoenaed.
Neilson's report
alleges that DVI's downfall has its
roots in a 1995 decision
by O'Hanlon to aggressively
expand its operations.
DVI was in the business of
financing the purchase
of expensive medical equipment
for health clinics
and doctors. When the loans reached
a certain critical
mass, it would spin them off into
special-purpose entities,
or "securitizations," which
were owned by separate
groups of investors.
In 1995, according
to Neilson's report, DVI expanded
into foreign investment,
venture capital companies,
and other areas.
"Unfortunately," the examiner wrote,
"the capital
structure of DVI did not increase
commensurately, and
serious fissures began to emerge."
>From 1995 on,
Neilson writes, "Garfinkel was engaged
in a continual struggle
to finance the business
operations of DVI
from available sources."
Between 1995 and
2002, Neilson alleges, O'Hanlon
pushed an overseas
expansion, "despite resistance from
virtually all of
senior management and ultimately
DVI's board of directors."
That expansion required
a cash outlay of at least $110
million, dealing
the company a "particularly serious
blow."
But worse, Neilson
writes, was the move by the company
during this period
into issuing bad loans. Most of the
14,500 loans DVI
extended were routine and proper,
Neilson writes. "However,
for a small but exclusive
group of clients
and borrowers, this process was
purposefully circumvented
by DVI management."
It was also during
this period that the company
adopted an unwritten
rule: No loan would ever be
written off - that
is, taken as a loss on its books -
if that could in
any way be avoided.
That rule may have
sealed DVI's fate.
"As the problem
loans descended into an almost
hopeless state, what
may have started as a
well-intentioned
and logically sound business
practice, morphed
over time into a purposeful attempt
by DVI to disguise
substantial losses that should have
been reflected in
loan reserves," Neilson writes.
"Those purposeful
attempts reached almost comical
proportions."
The company's loss
allowance of $17 million on June
30, 2003, "was
a serious and purposeful misstatement,"
Neilson writes. The
appropriate amount should have
been $75 million
to $120 million, he wrote.
John Wilen can be
contacted via e-mail at
New
Low at Orix Financial?
“Well they have stooped
to new lows at OFS, Management has really taken to
low road in terminations and since Georgia has no protections for workers
like some of the Northern states the employees have no recourse.
”Employees know it is their turn to go when their supervisor steps into
their
cube with a box in hand. That is there 10 minute signal to pack the
desk and
leave. No stop at HR, no note explaining why they were laid off, no
offer of
consulting, no outplacement help, nothing but a supervisor standing
over you
waiting while you pack your personal items so you can be escorted to
the
door.
”This will be my last update on OFS as the last few employees I know
and
trust there are now gone, victims of the box.
”It would be a great time to start up a leasing operation in the Atlanta
area, so many good leasing people have been let go not only by OFS but
thought the mergers and acquisitions in the last 4 years. A smart person
could get some top talent and be able to put together a very efficient
operation with the knowledge base that has been displaced.”
(Name with held---from a highly reliable source )
----------------------Please
send to a colleague as we are trying to build our readership.
_______________________________________________________________________
Weekly
Bulletin Board Complaint
#1
This
is the sixth complaint against this company.
One has been printed in the Bulletin Board Complaint, three were
resolved, one
advance
rental payment was returned, and this one still is
not
resolved.
It
regards a $320,000 Recreational Vehicle for a company that sells
at
fairs and rodeos, driving across the West Coast and this special diesel
unit fits his needs.
Vendor
RV had an approval from LEASING COMPANY for $400,000, so Applicant drove
down to *******, *********, looked at units, chose the Monica Dynasty,
requested some changes such as an alarm system, and other modifications,
which were to take eight weeks to accomplish.
He
signed a one page form and Vendor video taped this all as Vendor
RV Center was putting out money and time for the changes. Applicant
provided an insurance certificate.
During
the next four weeks, Applicant and Vendor RV Center, learned LEASING
COMPANY was "shopping" the deal for a "take out. "
Mr. Applicant remembers getting a call from ***** ( who is a reader
of Leasing News, and verified the story last year ) as Leasing Company
sent him the deal to put together. It seems Leasing Company was
sending the deal other places, and Vendor never got confirmation that
money was available. He then
got
worried. They had four other RV applications with LEASING COMPANY
at the time and found out that LEASING COMPANY was "shopping"
the deals and never had "take outs."
It
was at this time that Leasing News got involved, and we helped get them
all resolved, except for Applicant.
We
requested a statement, many times, and this is the latest one
we
have received from their attorney:
“Your client mentions in his email below that he was in fact approved.
After LEASING COMPANY did all of the underwriting and diligence, he
decided to hold off, and told Mr. ***** last year that once the new
models came in, he would be interested in going through with the financing.
There was no change in terms, no misrepresentation, and no overreaching.
The agreement signed by the parties provides that if the lessee chooses
to walk away, the deposit is retained by the lessor. So you are
not correct in saying that if the lease had been approved he would have
the RV, because it was, and he doesn't, only on account of his desire
to delay until this year. If the credit remains the same, LEASING
COMPANY will be able to re-approve the transaction.
“I'm not sure what significance any video would have, except to authenticate
Mr. and Mrs. Applicant's signature on the commitment agreement.
LEASING COMPANY has gone to substantial expense and effort in approving
an RV, not an easy piece of equipment to finance, and now it appears
that the Applicant's have merely changed their mind. What do you
do in situations like this?”
We get the facts. We understand Mr. ***** is representing
his client, and what his client tells him. We have e-mail from **** and ******, and the
vendor. In
addition, I have talked directly with *****and ******. Leasing
Company, at one time, confirmed with on the telephone that he was looking
for a "take out;" he did not have a funder who had approved
the
transaction. We discussed ******
who’s owner at the time, ***** was looking for a buyer of his company---which
basically were his accounts and vendors.
We
have supportive documents that we can put on line. As a final note: the company involved in this complaint remains
a member of the National Association of Equipment Leasing Brokers, and
if this is not resolved soon, we will print the names of all parties
and go into the status of posted Bulletin Board Complaint.
We
have advised both the applicant and leasing company to both come
to
a compromise, which they both now are considering.
#2
No
Names, Please!!!!
“We
received a fax from ****************** (XYZ) about three weeks ago.
Their diamond rates looked too good to be true, but we signed up anyway.
I figured, at the worst, these rates were a "bait and switch"
ploy.
We
sent in one deal.. .After 2-3 days, they finally came back with an approval
on a deal that clearly met their criteria for the “diamond,” and approved
it for the "ruby" program. I advised them that there
was no deal with the latter pricing and they sent a fax back changing
it to "diamond".
http://www.two.leasingnews.org/temporary/Diamond%20Program.htm
We
sent them a "doc prep form" for the deal and at the same time,
became aware of their reported insidious dealings. I immediately
withdrew the application of my customer, and withdrew my company
as one of their approved brokers.
We
quickly obtained an approval for our lessee with another company
and sent them documents. I received a call from the lessee on Tuesday
evening, 4/6. He indicated that he was confused in that he received
the documents from our company that morning, but had
received another set of documents from the Other Leasing Company
the day before. He had thought they were from our company and signed
the papers, and sent in advance payments and a voided check for
ACH.
I
asked that he send me the faxed copies of the papers he had signed
for the Other Leasing Company. Before I received
those the next morning, I called XYZ and spoke to XYZ Rep. who vehemently
indicated that he did as we requested and withdrew both the approved
lease transaction for our lessee, and our approval as a broker, and
that he had never heard of the Other Leasing Company. Capital. This
was obviously a fictionalized version.
Of
course, I had my customer immediately call his bank, stop payment on
the checks, with a cover letter to The Other Leasing Entity.
Upon receiving the copies of the lease papers from The Other Leasing
Entity the next morning, our lease administrator recognized
them as being exactly the same contract that XYZ employs. Gee,
what a shock! It sure appears that someone from XYZ sent our doc
prep form to the Other Leasing Company.. For the record, we pulled
a Better Business Bureau on The Other Leasing Entity and found a complaint
alleging that they approved lease transactions, received documents,
changed terms, then did not return advance payments.
Anyway,
the old adage that if ”it looks too good to be true, it probably
isn't " still holds. In my eagerness to secure funding at
better rates for my best customers, I did not perform any due diligence
on XYZ thinking that if they were members of ******, that they
were legitimate.
For
the record, I called the Other Leasing Company contact, *******, and
left two voice mails. The phone is answered by an answering service.
Thanks,
Bob
Borden
( The other parties deny any sharing and state
it was a coincidence. Let’s
leave
it at that, unless there become a pattern to such occurrences. Editor
----
#3
The
applicant said he was sent an
“approval,” so he completed the leasing application for a small computer
system. It was a “corporate only.” He also informed along with the application
that he was no longer the president as he had brought in other “investors.”
The vendor shipped the computers on the acceptance of the “approval”
form from the “leasing company.”
To
draw up the documents, the applicant was instructed to send in two lease payments, plus document fees, which he did.
When the leasing documents arrived, they called for him to sign
a personal guarantee as president. He states the original approval had nothing
about a personal guarantee being involved, and he was not the president,
as he informed them with a full application.
He also owned only 20% of the company, as investors were brought
in for an infusion of capital.
After
he told that to the broker, he was informed later than all the principals
owning more than 10% would have to sign for the computer system. He then asked for his money back.
The
broker involved said the applicant was “pulling a fast one.” The original “approval” form does not specifically
state that, but has a clause that any additional information required
may change the terms and conditions.
He said since there was a change in management, personal guarantee
were then required. He does
not want to return the money. He says he is entitled to it for all the
time
he spent.
(Leasing
News knows the funder involved, and is speaking directly
with
them, as they should also stand up to the plate with the broker
and/or
applicant, in the return of the advance rental.
(Leasing
News is working on a generic form, which Attorney Ken
Greene
has completed. We are awaiting
all the signed forms
back
from the sponsors to go to the next step of review. Editor)
-------------------------------------------------------------------------
UAEL
Conference---April 22-25
”Thank you for including the UAEL Conference in the list of Leasing
Association Conferences. Last summer, UAEL adopted a new mission statement
to guide the Association’s short and long-term direction.
The board of directors felt it was important to articulate UAEL’s
commitment to the growth and success of its members and to providing
value in every interaction with our members.
Our mission statement is:
“The mission of UAEL
is to provide a forum for the personal and professional growth and success
of our members.
“One of our first
challenges was to enhance the value of our conferences. To that end, this year’s UAEL Spring Conference,
“Forum for Professional Growth”, will be a significant departure from
past Spring Education Conferences.
To demonstrate our
commitment to providing a higher level of value to our members, we have
invested significant dollars to bring in four professional speakers
to address the following critical issues facing our companies today:
Leadership in Changing
Times – Nido Qubein
Identifying, Managing
& Motivating Talent – Jim Cathcart
Value Proposition,
Brand Identity – Don Hutson
Raising Capital/Funding Alternatives - David
D’Antonio
“Kit, we believe
the “Forum for Professional Growth” is a strong step towards delivering
unique value to UAEL members.
We will continue
to look for new and innovative ways to “…provide for the personal and
professional growth and success of our members”.
“Thanks to you and
many others for their continued support of UAEL. “
Brad Peterson
UAEL Board Member
Spring Conference
Chair
jb.peterson@manifestfunding.com
More information
is available at: UAEL.org
------------------------------------------------------------------------------------------------------------
NAELB
Conference—April 29-May 1
“I’d appreciate if
you would inform your readers that although the National Association
of Equipment Leasing Brokers (NAELB) really isn’t covering losses at
the casinos, they are offering a conference menu that is “The Only Sure
Bet in Las Vegas”.
“ The Annual NAELB
Conference & Expo is being held on the strip at Harrah’s Hotel &
Casino April 29-May 1, 2004.
“We have well
over 300 attendees already registered and expect that it will be the
largest industry gatherings of the year.”
A number of your
industry peers will be presenting useful workshops on:
- Broker Information Exchange
- Broker-Funder Relationships
- Rewards and Risks of the broker, lessor, discounter
and funder.
- Business planning & development
- Developing a Sales force
- Municipal funding
- Managing your leasing portfolio
And two extended
workshops that will include a dialogue with your industry peers
about “Where are we now and where are we headed” and a practical, down
and dirty session on “Financial Analysis of tax returns in small-ticket”.
There’s also over
6 hours of “Expo” with over 35 of the industry’s best funding sources
and service members. Many of the exhibiting funders are giving
away "$50 Bonus Commission Bucks" when you
make an appointment with them which can more than pay for the
cost of registering for the conference itself!
But your trip to
Las Vegas can’t be all work…the NAELB has arranged for just
$125 a golf tournament and lunch at the Desert Pines Golf Club. Golf Digest has recognized Desert Pines as
one of the best new upscale courses in the country and it’s just 15
minutes from The Strip.
If you haven’t already
registered please visit www.naelb.org
for registration and conference brochure information or e-mail info@naelb.org. Remember, the registration deadline is April 15, 2004!
Hope to see you at Harrah’s.
Gary H. Souverein
Gary@pawneeleasing.com
Vice President,
Pawnee Leasing Corporation
Chairman, 2004
NAELB Annual Conference & Expo
Gary H. Souverein
Pawnee Leasing Corporation
Vice President, Marketing
Conference Chairman, NAELB 2004 Conference & Expo
700 Centre Avenue
Fort Collins, CO 80526
(800) 864-4266 ext. 222
(970) 482-2666 (Fax)
More information
is available at: naelb.org
-------------------------------------------------------------------------------------------------
#### Press Release
##################################
Fitch
Downgrades Centerpoint Funding Company I, LLC Series 1999-1
Fitch Ratings-Chicago-:
Fitch Ratings downgrades the following class of notes for Centerpoint
Funding Company I, LLC, Series 1999-1.
--Class C Lease-Backed
Notes are downgraded to 'CC' from 'CCC';
--The Class B Lease-Backed
Notes are affirmed at 'BBB-';
--The Class D Lease-Backed
Notes remain rated 'C'.
In its review of
the Centerpoint Funding Company I, LLC 1999-1 transaction, Fitch noted
consistently high delinquency levels and analyzed expected losses and
the credit enhancement that would be available to cover those losses
for each class of notes. Based on this review, the class B notes are
affirmed at 'BBB-' and the class C notes remain rated 'C'.
The class C notes
are downgraded to 'CC' from 'CCC', as a result of the increasing under
collateralization position. As of the February 2004 payment date the
class C credit enhancement is -15.79% compared to -1.71% during Fitch's
previous rating action on July 10, 2003. The increasing under collateralization
of the transaction is a result of minimal recovery experience on prior
defaults. While the pace of defaults has leveled off during this time
frame, the rate of recoveries has not increased enough to off-set prior
portfolio deterioration. To date the transaction has witnessed $2,024,861
in defaults and $368,696 in recoveries.
Fitch will continue
to closely monitor this transaction and may take additional rating action
in the event of changes in performance and credit enhancement measures.
Contact: Du Trieu
+1-312-368-2091 or Joe Tuczak +1-312-368-2083, Chicago.
### Press Release
#################################################
--------------------------------------------------------------------------------------------
Leasing Industry Help Wanted
Current Openings
Accounting
 Accounting: PricewaterhouseCoopers seeks individuals with experience in commercial equipment leasing to help clients improve their leasing businesses by designing, developing, and implementing solutions to accounting & operational issues. Email: anthony.g.anderson@us.pwc.com About the Company: PricewaterhouseCoopers, New York, NY. |
[Top]
Credit and Documentation Administrator
|
About the Company: www.leasingpartnerscapital.com |
[Top]
Middle Market Sales Representative
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
[Top]
Sales
|
About the Company: Dimension Funding, LLC Formed in 1979. Located on 17748 Sky Park Circle, Irvine, CA. 92614. Website: www.dimensionfunding.com |
[Top]
Syndicator
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
[Top]
Title Clerk
|
About the Company: A rapidly expanding Middle Market Leasing / Finance Company located in CT. Equilease Financial Services, Inc |
[Top]
------------------------------------------------------------------------------------------------------------
News Briefs---
Economic news pushes
10-year Treasury yield higher
http://www.usatoday.com/money/perfi/bonds/2004-04-13-10-year-yield_x.htm
Fannie Mae Up 70%
Over Last Year
http://www.washingtonpost.com/wp-dyn/articles/A6639-2004Apr12.html
Mortgage Deals Thrust
Lehman to Early Lead
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/1.htm
Byron Scordellis
new CEO Greater Bay Bank
Most US firms paid
no income taxes in '90s
http://www.boston.com/business/globe/articles/2004/04/11/most_us_firms_
paid_no_income_taxes_in_90s/
On the record: Federal
Reserve SF Robert Parry
Veteran Parry Reaches
65 and Retires
http://www.nytimes.com/2004/04/13/business/13fed.html
Dot-com bust isn't
over for workers
http://www.usatoday.com/money/industries/technology/2004-04-12-
tech-recovery_x.htm
Tax Week: Looming
crackdown on car donations has some charities worried
http://www.signonsandiego.com/news/business/20040412-1359-taxweek-
charities.html
Low-carb magic act
http://www.mercurynews.com/mld/mercurynews/8407184.htm
Power remains out
at top Las Vegas Strip hotel-casino
http://www.usatoday.com/travel/hotels/2004-04-12-bellagio-blackout_x.htm
Man wins $270,600
after betting life savings
http://www.usatoday.com/news/offbeat/2004-04-12-big-gamble_x.htm
-----------------------------------------------------------------
Sports Briefs---
Bonds smashes No.
660 to tie Mays on homer list
Giants sluggers share
3rd place on all- time home run list
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/04/13/KNAPP.TMP
George unsure about
finishing career with Titans
http://www.tennessean.com/sports/titans/archives/04/04/49735162.shtml?
Element_ID=49735162
Carmen Policy to move to his Yountville, CA Winery
http://sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2004/04/08/SPGPR61UCI1.DTL
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“Gimme that Wine”
Wine Chocolate Pairing
http://wine.about.com/library/encyc/bl_chocolate.htm
United States to
Allow Wine Labels to List Calories and Carbohydrates
http://www.winespectator.com/Wine/Daily/News/0,1145,2411,00.html
Veramar Vineyard
Accepts Chamber’s "Business Of The Year" Award
http://www.vino.com/press/press_release.asp?PRID=308
Painful Measures
Urged to Help Bordeaux Wine Sales
New $75 book on wine
http://www.tizwine.com/winenews/stories/storyReader$5382
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Baseball Poem
Behold! For a Giant yet walks the earth
Behold! For a Giant
yet walks the earth.
With shoulders of
rock, striding forth he wields
Thirty-two ounce,
thirty-four inches girth
Maple Excalibur,
from which he deals
Four hundred foot
jacks, right side of the plate
Six hundred Sixty
home runs, over five hundred base steals;
Never swings early,
nor ever swings late,
Inside the box hit,
outside the box wait.
He cares not for
me, and cares not for you
Cares not a whit
for the bat when he's through,
And straightening
up, and seeing the view
Watches the ball
fly until it's a dot,
And then, only then,
begins he his trot
Don't say to him
"bring it" -- it will be brought
from: http://annika.mu.nu/
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