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Office Administrator
Deerfield, Illinois

Proficient in Microsoft Office, 2 years admin. minimum report directly to Director of Operations. To learn more, please click here.

Monday, August 28, 2006


Classified Ads---Credit
    Most controversial book on leasing
        Story Credit Lessors "Up-Dated"
Top Stories--August 21-25
    Letters---We get eMail
        Classified Ads---Help Wanted
            Two Viewpoints: Evergreen Leases
Leasing 102--by Terry Winders, CLP
    “Equipment Return Requirements"
NAELB Sept. 8-9th Regional Meeting
    Open to all--Members/Non-Members
Lease firm works for steady growth
    Bancolombia Restructures Ownership
        Greybrook Goes Live w/LeaseComplete
Gabriel Toubia Joins TD Banknorth
    Kenneth Louis Joins National Penn
        Key Equipment names Jeff Enoch VP
News Briefs---
    You May have Missed---
        "Gimme that Wine"
Calendar Events
    Snapple Real Facts
        Top Event in Today's History
This Day in American History
    Baseball Poem
        SuDoku Puzzle

—This Wednesday ---Linda Kester “Broker Survey ” results

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


Classified Ads---Credit

Domaine Ste. Michelle,Woodinville, WA

Atlanta, GA
10 yrs experience in credit/collections/recovery/documentation in the leasing industry. P&L responsibility, team builder & strong portfolio mgnt skills.

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.

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.

Fort Lee NJ
3 Years Experience credit/documentation. Looking in NJ/NY.

Irvine, CA
I have over 16 years of Credit/Collection experience in the finance industry. Prompt results, extremely effective and knowledgeable, professional, excellent manager and team player.

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.

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.

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 .

Sausalito, CA
Sr. Corp. officer, presently serving as consultant, fin. service background, M&A, fund raising, great workout expertise, references

Orange, CA
Credit/Operations-15 years exper., looking for a new home. Have handled both middle/ large ticket transaction, plus muni & international finance.

Senior Credit Officer
experienced in middle-market leasing ; structured, vendor and 3rd party to the fortune 1000. Proactive team builder, originations capable with strong work ethic.

For a full listing of all “job wanted” ads, please go to:

To place a free “job wanted” ad, please go to:


400 wineries and nine federally recognized American Viticultural Areas (AVAs) in the state.



The most controversial book of the decade on leasing.

“For this book, I start with the time President Ronald Reagan took over the ailing U.S. economy legitimizing equipment leasing and I end with President George W. Bush and Congress squashing the equipment leasing industry.

“Among the many books that I have written, this one has been a real pleasure. It has allowed me to break away from documenting dry accounting, tax rules and regulations and provided me the opportunity to share with you my vision for equipment leasing in the future. If the equipment leasing industry wants to expand, let alone survive, it must change the way it develops new financial products and conducts business with manufacturers, vendors, dealers, distributors, lenders, insurance companies, accountants and lessees…

“For twenty-five years, I educated more than 20,000 equipment leasing professionals in the U.S., Australia, Canada, Hong Kong, Ireland, Italy, Korea, Kuwait, Malta, Mexico, Nigeria, Portugal, Singapore and the U.K. By most standards, I am a world expert on the subject. Although I prefer Google, Yahoo and MSN, pick any search engine you want. Type in the phrase, “FASB 13” or “lease accounting” and one of my websites will show up on the first page.”

(Leasing News checked his claim, and he is correct. You can also add the search engine Copernic to his list. Taylor pulls no punches in this way. A must read to those who want to remain in the leasing business.)

To learn more, or order this important book, contact:

Jeffrey Taylor, CLP
phone: 602-708-4981



Story Credit Lessors

(for Broker/Lessors List "A," please click here, for list "B," pleae click here,
for Funder List "A," please click here, for Funder List "B," who do not specialize in
“Story Credits
please click here,

for “Super Broker/Lessor,” who primarily place leases, click here )

These companies specialize in "C" and "D" credits, often news businesses, or businesses where the principal(s) have Beacon score around 600 or previous difficulties; meaning to become comfortable with the credit and financial situation you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Many of these companies may also be a "B," but appear otherwise without the "story" to understand the full financial picture.

(To qualify for this list, the company must be a funder and not a "Broker/Lessor" or "Super Broker/Lessor", along with 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.)

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 is very much encouraged.

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 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

( To apply to be listed, please fill in this form and fax to 408.374.3843 or you
may e-mail to:
Story Credit Form

Alphabetical list - click on company name to view more details
ABCO Leasing, Inc. Boston Financial & Equity Corp.  
Advantage Funding Cobra Capital LLC Pawnee Leasing Corporation
Agility Solutions Creative Capital Leasing Group, LLC Radiance Capital, LLC
Allegiant Partners Incorporated   Summit Leasing, Inc.
American Leasefund, Inc. Dolsen Leasing Company TEAM Equipment Leasing, Inc.
Bankers Capital Financial Pacific Leasing TechLease, L.L.C.
Barrett Capital Corporation Forum Financial Services, Inc.  
Black Rock Capital Gonor Funding  
Blackstone Capital Partners, L.P. IFC Credit Corporation  

In Business Since
Leasing Association
Business Reports

Financial Pacific Leasing
Terey Jennings CLP,

IFC Credit Corporation
Gary Trebels, CLP
Vice  President
www. .com Phone- 847-663-6501
Fax- 847-324-1672
$250,000 - $15,000,000+
Pawnee Leasing Corporation
Dana Freeman
$1,000 - $30,000
Advantage Funding
Edward P. Kaye

Vehicles Only

$10,000 - $1,000,000

Boston Financial & Equity Corporation
Debbie Monosson
$100,000 to $1,500,00
Creative Capital Leasing Group, LLC
Alister McNeil
949-646-7094- Fax
$40,000 - $1,000,00
Summit Leasing, Inc.
James, Klemens, Kevin, Mike, Mark
(800) 736-1530
$20,000 - $400,000
Dolsen Leasing Company
Joanie Dolsen,
11 Western State
$10,000.00 - $250,000.00
Allegiant Partners Incorporated
Doug Houlahan ext. 205
Paul Foster ext. 206
Nationwide, including Alaska & Hawaii
*up to $500,000
Blackstone Capital Partners, L.P.
Frank Freer
Phone: 949.250.8789
Fax: 949.250.8798
(except LA, AR and AK)
$50,000 to $2,000,000
Black Rock Capital
George Booth
US Canada (F)

$50,000 to $3MM

$250,000 average transaction

Forum Financial Services, Inc.
Tim O'Connor
972-690-9444 ext. 225
2140 Lake Park Blvd. Suite 112 Richardson , TX 75080
$50,000 to $1.0 million. Our average size transaction is $250,000.
Preferred Range
$100,000 to $500,000


TEAM Equipment Leasing, Inc.
Whitney Oldfather
888.457-6700 x109
All 50 States
$5,000.00 - $65,000.00
American Leasefund, Inc.
Tom Davis
800.644.1182 - PH
503.244.0845 - FX
Idaho, Montana, Oregon, Washington
$3,500 - $50,000
Bankers Capital
Larry LaChance - President
Nartionwide - 50 States
$25,000 +
Cobra Capital LLC
Dale Kluga, President

$50,000 to $1MM

$250,000 average transaction

Agility Solutions
Hal Hayden
(928) 541-0771
$50,000 - $1,000,000
(Master Lease)
ABCO Leasing, Inc.
Don Shipley
VP and General Manager
Phone: 800.995.1897
Western U.S.

$25,000 - $350,000

Gonor Funding
Norman J. Gonor
Jason Gonor
818.402.6999 (Y)

$10,000 to $100,000 with an average of $25,000 - $35,000


Barrett Capital Corporation
Barry Korn
Cell: 914.954.1900

United States

Vehicles Only

$10,000 minimum

Radiance Capital, LLC
Karl Probst
(206) 443-8451
(see comments)
$5,000 - $50,000
TechLease, L.L.C.
Eric Paton,
$20,000, average transaction size is $200,000
In Business Since
Leasing Association
Business Reports

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 so Leasing News may up-date this section.

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


(A) Pawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. Broker Qualify - One year time in business

(B) * Allegiant Partners has expanded their maximum transaction size from $250,000 to $500,000 for the 5 western states of California, Oregon, Washington, Nevada and Arizona.
In addition to increasing the transaction size Allegiant is offering more competitve rates for these A- and B+ transactions.
Broker Qualify - For Broker qualification please click here.


(D) ABCO Leasing, Inc. in Seattle area has been operating since 1974 serving the broker community. We required full financial disclosure on every transaction. We do story transaction, but do not like to refer to them as "C" of "D" credits. We think of therm as "A" type credits that have not been discovered yet. In actuallity, we do not really like to look at what most describes as "D" credits. Broker Qualify - Broker Qualification, contact:  Rowan Clark, Credit Manager Phone: 800.995.1897

(E) Black Rock Capital comment: We book anywhere between $15 to 20 million per year. We do no "app only" business and require a full financial package for each transaction. Our average size transaction is approximately $250k and, although, we concentrate in printing, packaging (steel rule die industry) and road construction equipment we do not rule out anything that makes sense. More information can be found at Broker Qualify - Please Call

(F) Black Rock Capital (Ireland) Limited and Black Rock Capital (UK) Limited provide the same services for small to middle market corporations in the European Economic Community and the United Kingdom.

(G) Cobra Capital, LLC. Comments: Our registered trademark "Making impossible possible" is our central marketing tagline for both strong and weak credits. I have developed a 10 year history, (from Cobra and my prior company GALCO), with specialty, non-conforming transactions (story credits) and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 25+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's.
Partners Bio | LaSalle Bank Reference | Cole Taylor Bank Reference |
Broker Qualify - Please Call

(H) Barrett Capital Corporatio: Broker Qualify - Please Call

(I) Sunrise International Leasing Corporation Comment: The broker program is " informal program as our primary business is still vendor leasing." Broker Qualify - One year time in business

(J) Boston Financial & Equity Corporation, most of our leases are venture capital backed startups and turnarounds. We require full financial disclosures, CPA and internal statements, no tax returns. We do not required additional collateral, no PG's or RE needed. Do not send deals with large tax liens, especially if they are payroll taxes. Broker Qualify - A deal in hand and a full package

(L) IFC Credit Corporation also services on a regular basis "A" and "B" credits, but it also considers "story credits."  "As you say, we need to become comfortable with the credit and financial situation and learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. I would describe the B and C type credits we fund as companies having 'checkered earnings'." Broker Qualify - Please Call

(M) Creative Capital Leasing Group: "We are able to fund tough deals, bad credits, BK's, past tax liens, start ups, used equipment, etc., because we look outside the transaction for real estate, and marketable securities to take as additional collateral." Broker Qualify - Please call Broker Manager, Todd or Jason

(N) Blackstone Capital Partners, L.P. lends up to 50% of verified auction value for working capital and/or equipment financing requests (we of course include equipment to be acquired in our valuation). Using this formula, allows Blackstone to approve deals on the assets rather than the credit or cash flow that other lenders desire. Also being an asset lender, we are looking for hard assets i.e. yellow iron, machine tool, manufacturing lines, textile etc... We do not care for soft assets such as computers, furniture, restaurant, or "white elephants" (equipment that is too specific to the clients needs and was specially built for them - there would be no resell available and our liquidity if repossessed would be in jeopardy). If you have any questions, please feel free to call, we will do our best to help or seek the answer for you. Broker Qualify - Please Call

(O) Bankers Capital " We will do ANY Type of Equipment, in ANY industry, in ANY state.  We especially like 6-figure transactions with full financial packages no matter how good or bad they look.  We look to structure the story C&D credits with any kind of additional collateral that makes sense.  It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements.  We look for any way to make the deal work instead of looking for any way to decline the deal." Broker Qualify - Please contact Larry LaChance

(P) Financial Pacific Leasing supports a nationwide network of Brokers and Lessors. We specialize in "B" and "C" credits for established companies as well as companies under two years in business. Broker Qualify - Please Call or see "Prospective Broker" section on website

(Q) American Leasefund, Inc. funds small hard to do transactions under $50,000.00. Most of the transactions are "app only". We look for additional collateral or larger first payments to help the weaker credits. We maintain and service our own portfolio. All of our lessee billings are done via ACH. Broker Qualify - Please Call

(R) Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00. Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. Broker Qualify - Please call or visit

(S) We at Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. Broker Qualify - Contact us

(T) TechLease - due to previous experiences, TechLease is vertically focused on three primary sectors: Semiconductor, Media and Aerospace. We fund all deals and hold paper an all equipment under $250,000. Deals over $150,000 we typically want to meet the Lessee face-to-face. We prefer business in California, however we will fund nationwide. Broker Qualify - Please Call

(U) Radiance Capital, LLC specializes in start-up business. These are the northern states we do business in AK, AZ, CA, CO, ID, OR, WA. Click here to read our Product overview and Press Realease. Broker Qualify - Please Call

(V) Agility Solutions; we fund all equipment used by Wireless Internet Service Providers.
Click here to see Leasing News story.
Broker Qualify - Please Call

(W) Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). Broker Qualify - Please visit our website at or call 972-690-9444 ext. 225

(X) Advantage Funding - While we also consider quality equipment leasing as a funder, in the title vehicle leasing business, we consider all types of situations and credits and speciality vehicles for commercial use. We have a history of understanding all types of title vehicle leasing. Broker Qualify - Please Call

(Y) Gonor Funding specializes in hard to fund leases with D credit. Collateral based with good rates and commission program. Broker Qualify - Please Call

(Z) "TEAM Equipment Leasing is a structured lender for brand new businesses or for older companies with previous credit problems. We do not credit score. The secret to producing an approval for C-Credits starts with interviewing your customer." Broker Qualify - Click here for Broker Enrollment Form




Top Stories--August 21-25

Here are the top ten stories most "opened" by readers last week.

(1) Leasing 102--by Terry Winders, CLP
“$1 Purchase Options”

(2) Under New President Fred Van Etten
-- Popular Reaches $15.3MM Settlement NorVergence leases

(3) Up-Date: formula for figuring rate

(4) Cartoon—
Inside Patrick “Evergreen” Byrne's Brain

(5 ) ELA to become "ELFa"--by Kit Menkin

(6) Calculators—lease/finance “up-dated”

(7) Celebrate! Romoff new Prez: One World

(8) The Bizarre NorVergence Leases--by Christopher Menkin
The Saga of Kuumba
"Maybe this is stupid?"
Who called for a Taxi?

(9 ) Baycap joins “Funder” List
(Fifty new funders added)

(10) John McCue on “The World is Flat”



Letters---We get eMail

“Love that graphic!!”


Andrew Lea, VP Marketing & Corporate Communications
McCue Systems Inc. ~ A NetSol Technologies Company
111 Anza Blvd - Suite 310 Burlingame, CA 94010 USA
+1 650-348-0650 ext 1171 ~ Fax: +1 888-730-2527


“Who called for a Taxi?”

“Nice issue, Kit.”



David G. Mayer
Partner, Patton Boggs LLP
2001 Ross Avenue, Suite 3000
Dallas, Texas 75201
Tel: (214) 758-1545
Fax: (214) 758-1550

Author of "Business Leasing For Dummies"
Founder of "Business Leasing News"


“Article on the waning supply of good salespeople is interesting just from the shear numbers but the human resource problem for the leasing industry goes much deeper than that - I presently serve on the Independent Middle Market Committee of the ELA and can attest to the fact that one of the main issues that we have been discussing for some time now is the lack of trained people in leasing especially with respect to credit training and what if anything the Association can do to fill the gaps.

“As you know the industry for as long as I've been a part (35+ years) has drawn from the Bank credit training programs which have been cut down dramatically. That plus the introduction of scoring models and other technologically advanced methods of efficiently processing credits have left our industry with people that can't think outside of the computer - leasing has always been an industry that thrives on our ability to be fast on our feet and innovative yet still adhere to good solid credit principles.

“ The issue of training (or lack thereof) is getting larger everyday especially in the middle market.”


(Fred St. Laurent had a similar article on how he saw it, too, that we published. Editor)


“As you previously quoted me back on July 10th, 2000 , when you began this adventure with LeasingNews:  ‘ I'm for anything to improve the industry. I would like to see all of us in the business, Brokers, Lessors, Funding Sources and everyone else in the industry gets along better."

“(Adding:)'"For the benefit of all who have chosen this line of work to make an honest living they can be proud of.'



Robert G. Yohe - Consulting
Specialist in lease portfolio placements for almost 25 years
"Helping Friends find Funding from Friends" (TM)
16016 Overbrook Lane
Stilwell, KS 66085-8507


“I want to thank you for all your support over the years.  People like you are what made the industry so great.”

Best regards,

(Ted Parker,CLP)

now retired



Classified Ads---Help Wanted

Marketing Specialist

ELD Marketing Specialist
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.

Office Administrator

Office Administrator
Deerfield, Illinois

Proficient in Microsoft Office, 2 years admin. minimum report directly to Director of Operations. To learn more, please click here.


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:



Two Viewpoints: Evergreen Leases

Russell H. Wilder, CLP
Senior Vice President, Chief Credit Officer
ATEL Capital Group, Inc. and Affiliates
San Francisco, California

In the course of nearly thirty years in the equipment leasing and financing industry I have worked for several firms and as part of my job duties with some of them, particularly related to discounting lessors' paper or buying their leases outright, I have probably read a hundred or more equipment lease agreements. The following comments are based on my experience and do not necessarily reflect the policies or practices of my current employer.

I would say 90% or more of the equipment leases I have reviewed contained clauses allowing the lessee an option to purchase the equipment at the end of the initially stated lease term, or renew at a lower monthly rental. Invariably though I think every one of them required the lessee to give written notice to the lessor of the lessee's decision to exercise whatever purchase or renewal option it was choosing within X days of the initial lease term maturity date. The notice period that I have seen the most frequently by far has been for it to be at least 120 days prior to initial maturity. A few required notice at least 180 days prior to maturity, usually this was done because the type of assets were expected to take a long time to remarket if they came back to the lessor. I have seen a few that required only 90 days notice and some required only 30 days notice but this latter group was very, very few in numbers. I have also seen a couple of instances where the lessor said notice had to be given at least X days before maturity, but could not be sent more than Y days prior to maturity. Typically this “collar” if you will limits the lessee to giving notice within a time frame not exceeding 30 days.

If the lessee fails to give notice it is in my experience by far the commonest practice for the lessor to have the right to continue to charge and collect rent at the full amount as during the initial term. In big ticket leases my experience has been that until the lessee finally gives notice the evergreen period goes on forever. I have during my career seen several instances of leases with very large, household name type corporate lessees listed on the NYSE that failed to give any notice and have been paying in some cases 100% of original rent for nine to ten years on a five year lease schedule. In the small ticket market it seems to me more common for the lease to state that it will automatically renew at 100% of original rent for a set period, typically one year, however I have seen month-to-month forever until notice given type clauses frequently in the small ticket market as well.

In a very few instances I have seen some lessors send a notice to the lessee 30 days before the date the lessee would have to give notice to remind the lessees that they need to do so, but this is definitely not a standard practice within the industry as I have seen it. I have seen a few more leasing savvy lessees have it written into their Master Lease with a lessor that the lessor is required to give the lessee a “heads up” notice at least 30 days prior to the date the lessee has to give notice, but again, these lessees were in the definite minority.

Russell H. Wilder, CLP

Senior Vice President, Chief Credit Officer
ATEL Capital Group, Inc. and Affiliates
600 California Street, 6th Floor
San Francisco, CA 94108 USA
Direct Dial: 415-616-3457
Mobile: 650-678-8566
Switchboard: 415-989-8800
FAX: 415-989-3796


Darren Gardner, CLP
Alliance Equipment Finance Division
Charlotte * Los Angeles * New York * Phoenix

Historically, the “Evergreen” Lease (clause) has created an end of Lease revenue generation that has been viewed as very aggressive and one reason why Leasing companies battle certain negative stigmas. While the concept may have initiated with good intentions, it is the misapplication that has hurt the reputation of the Leasing industry. What I have seen over the last 14 years is a systematic process by various leasing companies, large and small, public and private, to implement the Evergreen clause in a manner that some feel exceeds reasonable and fair business practice. Various Leasing companies have taken the revenue opportunity to the point of consistently forcing customers into submission when they do not follow every single detail of the Lease with regards to end of term instructions and requirements. This Evergreen clause is a subtle tactic of locking unsuspecting customers into additional revenue streams beyond a fair market rate Lease. In some cases, the process parlays itself into large FMV settlements that many claim is nothing short of “strong-arming” customers.

Keep in mind, I do realize there are other industries that stick it to the customer in their own systematic way too. I am not naïve to ignore the prevailing business environment that seems to subscribe to the timeless entrepreneurial spirit of “Caveat Emptor!” (Let the Buyer Beware!) The question appears to be, “What is Fair? and “To what level do we as Lessor need to make the customer aware?”

The Alliance Capital Corporation Lease agreement offers the Customer a 60 day window to notify us of their intention to exercise their purchase option. If a specific deadline is not met by our Customer we do not hold their “toes to the fire” and automatically extend the Lease, as in the Evergreen clause. In 11 years of business we have never done so. Our philosophy is to maintain positive long term relations with our customers, as demonstrated by the fact that 31% of our business is with existing customers. In accordance with our philosophy, if we have not been contacted by the Customer as Lease termination approaches we will, as a courtesy, notify customers 30 days prior to Lease expiration and allow them to prepare to execute the common nominal purchase option.


Darren Gardner, CLP

Alliance E q u i p m e n t F i n a n c e D i v i s i o n
*Providing Quality Service & Integrity Since 1995*
Charlotte * Los Angeles * New York * Phoenix
(480) 443-0002 ext. 211 * (480) 443-8826 fax



Leasing 102
“ Equipment Return Requirements ”

by Mr. Terry Winders, CLP

Much has been said about good return language so our residuals are not in jeopardy due to poor equipment condition. However, it continues to be the poorest part of our documentation efforts. Usually because conservative residuals make even salvage values cover the risk. Once in a while the Lessor allows the return of poor equipment because it will still bring the residual amount and pressing the point would appear to make the Lessee upset and would endanger the continuing relationship. All of this is wrong and it is clear that many of us act like money lenders instead of true Lessor's.

We must also remember that we only get back what we describe, so good return language begins with good equipment descriptions. The UCC requires us to understand that we may not require the lessee to return the equipment to like new condition and this is why we must accept “normal wear and tear” .However, we can place requirements that the equipment must be properly maintained, and capable of performing its original function at termination. Also, we can require that there be no body damage, missing parts, or holes from unattached retained attachments. Paint restored to original color when company logo's are removed and all functions are up to industry standards. The list of return requirements are unique to each type of equipment but are as important as the lessee's requirement to pay the lease payment.

Now, the question of how to require the lessee to live up to the return conditions. Perhaps placing the return conditions on a separate schedule would give it more importance. Then you could send it to the lessee along with the 90 day notice requirement so they would have sufficient time to bring it back up to the return condition. You could also place a statement in the return requirements that the lessee “may” be subject to a fee not to exceed $500 for an industry expert, knowledgeable in the equipment, to inspect the equipment for deficiencies which will be repaired at the lessee's expense. Usually the treat of an inspection and the notice of there requirement to pay for repairs gets the job done.

If you are in the “Leasing” business and not in the money lending business then residuals and good return language should be important to you.

Mr. Terry Winders has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at or 502-327-8666



NAELB September 8-9th Western Regional Meeting
Open to all--Members/Non-Members

Leasing Association Events-Meetings Open to All

September 8-9th
Western Regional Meeting




 Commitment Fees:  When are they are earned and when they are not is always a hot topic for discussion.  Have you heard you're missing the boat because you don't collect commitment fees?   Many folks collect commitment fees to get a deal off the street.  Do you?  Should you?  When the deal doesn't get approved or doesn't fund, the fun really starts!!    See what your fellow brokers have to say about this hot topic.  Do you face competition from banks, captives, or large lessors?  Of course you do!  That's why you'll find an abundance of expertise and advice on Competing with Banks, Captives, and Large Lessors at the upcoming NAELB Western Regional Meeting.   Every broker competes with these folks and they all do it in different ways.  Learn directly from those in the trenches, who have already faced a situation you may be in now!  You'll get back to the office Monday with a new "slingshot" to compete with the "big guys."  


Don't forget to vote for the 10 roundtables you want to learn about!     


Register for the NAELB Western Regional Meeting now at 
to join us in sunny California September 8-9!

Non-member companies who join NAELB at this meeting will receive $50 attendee fee credit toward their 2007 membership dues and are entilted to memberhsip privileges for the balance
of 2006.

There are over 30 "Round Table Discussion Topics"
and attendees vote for the 10 discussion topics they would like to have on the agenda for the Western Regional.

Registration form:


National Association of Equipment
Leasing Brokers

Eastern Regional Meeting
November 3-4, Atlanta, Georgia

Renaissance Concourse Hotel
One Hartsville Centre Parkway
Atlanta, GA 30354



Lease firm works for steady growth

Midwest Leasing Group co-founder Curtis C. MacRae talks to Greg Ash of GLA Engineering. The leasing firm plans to add salespeople.

The company: Midwest Leasing Group provides financing to companies that need equipment to expand their business. MLG has leased everything from computers to furniture to forklifts, said company co-founder Curtis C. MacRae. "We don't provide the equipment, but we do provide the financing to acquire the equipment," he said. Its leases range from $2,000 to $20 million with the average coming in at about $30,000. Since its formation in 1992, the company's leasing revenues have grown from about $1.5 million to an estimated $10 million for 2006. Its annual revenue growth is projected at more than 15 percent through 2010.

Repeat business: MacRae credits MLG's steady growth to its regular customers. The company's leasing transactions have grown to between 400 and 500 customers per year, including one business that has used MLG's services for 47 different leases.

Sales pitch: MLG hopes to expand from six salespeople to at least eight in the next year. MacRae said the staff needs fresh blood from time to time to help the company recruit new customers. Repeat business is great, but MLG wants to become a larger company through slow, steady growth, MacRae said.

On the Web:

Final word: "We plan to continue to grow steadily in our volumes and slowly in our staff," MacRae said.



Bancolombia Restructures Ownership at Leasing UnitsBusiness News Americas


In a bid to increase the efficiency and financial management of the overseas subsidiaries of Colombian bank Bancolombia, Leasing Colombia, Bancolombia's leasing division, is selling its majority stake in Suleasing Internacional to Bancolombia's representative office in Panama. Leasing Colombia controls around 47 percent of Colombia's domestic leasing market, and has approximately US$1.27 billion in assets.


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

Greybrook Credit Corporation Goes Live with LeaseComplete

Richmond, VA, -- Dominion Leasing Software and Greybrook Credit Corporation, Richmond Hill, ON announced the successful implementation of LeaseComplete, Dominion's lease/loan accounting and asset management system.

LeaseComplete was selected after an extensive evaluation and demonstration of how well it would fit the needs of Greybrook. The demonstrated ability of the system to dynamically adapt to Greybrook's business requirements, and the obvious user orientation of the system was instrumental in their selection.

According to Stephanie Gowing, Greybrook's President, “We were looking for a company who was established in the financial software industry, with a solution that would readily adapt to our business model. LeaseComplete's ability to track assets from quotation through disposition, as was demonstrated in the early phase of the evaluation, was a key factor. Additionally, Dominion's industry wide known reputation for service played heavily in our decision.”

Greybrook represented Dominion's entry into the Canadian marketplace

About Greybrook Credit Corporation

Greybrook Credit Corporation, a member of the Greybrook Corporation group of companies, is a leading independent finance company specializing in innovative solutions for non-traditional clients.

About Dominion Leasing Software

Dominion Leasing Software is a leading provider of Web-enabled software and services to the equipment finance and retail leasing industries. LeaseComplete, its flagship lease accounting and asset management system is widely recognized as the premier custom solution for both equipment and vehicle lease portfolios. Dominion's software and services are used by a diverse group of clients including banks, credit unions, trucking companies, automobile dealerships, and independent lessors. For more information on Dominion Leasing Software, please visit


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Gabriel Toubia Joins TD Banknorth Leasing Corporation as Vice President in Burlington

Gabriel J. Toubia has joined TD Banknorth Leasing Corporation as a Vice President in Burlington, Massachusetts. As a portfolio officer, he is responsible for portfolio management and underwriting equipment financing transactions for corporate customers.

A Windham, N.H., resident, Toubia has 17 years of experience in banking and leasing. He received an MBA in 1987 from Binghamton University in Binghamton, N.Y., and an undergraduate degree in 1984 from SUNY College at Brockport. A native of Port Chester, N.Y., Toubia is a 1980 graduate of Port Chester High School.

TD Banknorth Massachusetts operates 155 branches and 234 ATMs in the state. A division of TD Banknorth, N.A., TD Banknorth Massachusetts maintains the state's fifth-largest market share and provides more than 465,000 Massachusetts and southern New Hampshire households with a full line of retail banking products and services including commercial and consumer products, trust and investment services, commercial and personal insurance and residential mortgages. The branches of TD Banknorth have served their customers and communities in Massachusetts for more than 100 years and are recognized for a commitment to personalized service, long-term customer relationships, local decision-making, and community involvement. For more information, visit <> .


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

Kenneth Louis Joins National Penn Leasing Company

Boyertown, Pa. - - National Penn Bancshares, Inc. announced today that Kenneth M. Louis, of Devon, Chester County, has joined National Penn Leasing Company, a subsidiary of National Penn Bank. In his role, he is responsible for credit underwriting and analysis of new leases as well as risk management and administration of the company's leasing portfolio.

Louis has 30 years experience in leasing and financial services. He joined National Penn from Equilease Financial Services, Inc., in South Norwalk, Conn., where he was a regional sales manager. He was previously affiliated with Orix Financial Services, where he managed the company's Philadelphia office for 12 years.

A native of Auburn, New York, Louis graduated from Cornell University with a bachelors degree in Government and Economics.

He is a member of the Main Line Chamber of Commerce and is actively involved in cycling events that raise funds for local charities and medical research.

“Ken's experience in credit underwriting and financial services will add much value to our Leasing Company and help support our solid growth,” said National Penn Executive Vice President Scott Gruber, who is president of the Leasing Company.

National Penn's Leasing Company was formed in November 2002 to provide business customers with an efficient way to lease equipment for a variety of needs. The group has achieved significant growth due to its collaboration with National Penn's corporate and retail lending groups in exploring leasing opportunities for their clients.

National Penn Bancshares, Inc. is a $5.23 billion asset financial services company operating 80 offices in Pennsylvania through National Penn Bank and its FirstService Bank, HomeTowne Heritage Bank, Nittany Bank, and The Peoples Bank of Oxford divisions. The Peoples Bank of Oxford Division also operates one community office in Cecil County, Maryland.

National Penn's financial services affiliates consist of National Penn Investors Trust Company; National Penn Capital Advisors, Inc.; Vantage Investment Advisors, L. L. C.; National Penn Mortgage Company; National Penn Insurance Agency, Inc. and National Penn Leasing Company.

National Penn Bancshares, Inc. common stock is traded on the Nasdaq Stock Market under the symbol "NPBC." Additional information about the National Penn family is available on the company's Web site at
<> .


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Key Equipment names Jeff Enoch Vice President and Director Construction & Industrial Segment

SUPERIOR, CO, -- Key Equipment Finance, one of the nation's largest bank-held equipment financing companies, has announced that Jeff Enoch has been named vice president and director for its construction and industrial vendor leasing segment. His office is located at the Key Equipment Finance office center in Downers Grove, Illinois.

“Jeff is a seasoned executive with more than 25 years of diversified experience in financial services,” said Paul C. Erwin, senior vice president, Key Equipment Finance. “He has strong leadership qualities, proven success in vendor program and dealer development, and notable stature within the construction and industrial markets.”

Prior to joining Key, Jeff was director of new business development at De Lage Landen Financial Services. He also spent more than 15 years with G.E. Capital Corp. and ten years with Deutsche Financial Services Corporation. He is a member of the American Marketing Association, American Association of Equipment Lessors and the Commercial Finance Association. He earned his bachelor of science degree in business administration at the College of New Jersey (formerly Trenton State College) and his master of business administration from the University of Bridgeport.

Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. They focus on four distinct markets:

· businesses of all sizes in the U.S. and Canada (from small business to large corporate);
· equipment manufacturers, distributors and value-added resellers worldwide;
· federal, provincial, state and local governments as well as other public sector organizations; and
· lease advisory services for manufacturers' captive leasing and finance companies.

Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $12.6 billion equipment portfolio with annual originations of approximately $5.7 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $95 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.


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News Briefs---

Real Wages Fail to Match a Rise in Productivity

No Consensus on Fed's Next Move on Rates,1,2542294.

Bank warns customers personal data may have been breached

List of Winners at 58th Annual Emmys

Emmy Awards

Katie Couric's ascension has a huge domino effect on the television industry

Can't pay? Talk to mortgage lender



You May have Missed---

Good News for Newspapers?



“Gimme that Wine”

Field of blends
Interplanted vineyards produce some of California's most captivating wines

Jacksons, Mondavis snap up more wineries

Anger as 2005 Bordeaux wine fetches record prices

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page

The London International Vintners Exchange (Liv-ex)
is an electronic exchange for fine wine.



Calendar Events This Day

Hong Kong: Liberation Day
Public holiday to celebrate liberation from the Japanese in 1945. Annually the last Monday in August.

United Kingdom: Summer Bank Holiday
Bank and public holiday in England, Wales and Northern Ireland (Scotland not included). Annually, the last Monday in August.



Hawaii is the only U.S. state that grows coffee.



Today's Top Event in History

    1907-- United Parcel Service begins service, in Seattle. Nineteen-year-old Jim Casey borrowed $100 from his friend, Claude Ryan, and started a local delivery service in Seattle, Washington. They called it the American Messenger Company. Jim's slogan was, “Best service, and lowest rates.” The company did well because Jim and Claude stuck to their principles: round-the-clock customer service, courtesy, reliability and low rates. They took these concepts a few steps further, focusing on package delivery for local retail stores, merging in 1913 with Mac McCabe and forming Merchants Parcel Delivery. The company was the first to provide consolidated delivery, placing packages with similar street destinations on one delivery truck. The company's growing fleet of trucks was then managed by Charlie Soderstrom. Charlie selected the dark brown color because of its professional appearance. By the 1920s, the company had grown large enough to expand to Oakland and Los Angeles, California. It wasn't long before it became known as United Parcel Service; 'united' for the consolidated shipments and 'service' because that's what they offered. Today, United Parcel Service provides delivery service to 185 countries and territories.



This Day in American History

    1609- Delaware Bay explored by Henry Hudson for the Netherlands. From the beginning a chief purpose of voyages to the New World was to find a trade route to the Far East. When it became clear that there was a large land mass between Europe and the East, the search for sea route became a search for the Northwest Passage, a way around the northern part of North America. Sir Martin Frobisher in 1576-1578 was the first European to search for such a route. John Davis made a similar attempt in 1585-1587. When Henry Hudson sailed up the Hudson River in 1609 he hoped he had found the route, and in 1610 when he discovered Hudson Bay, he was on a similar mission. In 1616 William Baffin discovered Baffin Bay, which many years later was to provide a key to the actual route, long after the Northwest Passage had lost any commercial appeal.
    1722-The hapless Jamaican town of Port Royal was devastated twice within a 30-year span by two natural disasters—an earth­quake in 1692 and a hurricane in 1722. The hurricane killed 400 townspeople and sunk 26 merchant ships.
    1776-In the Battle of Long Island, New York, American forces commanded by General Israel Putnam and General John Sullivan were defeated by the British under General Sir William Howe and General Sir Henry Clinton. Howe took General Sullivan prisoner. On August 30, the Americans evacuated Long Island and crossed to Manhattan.
    1798- The first successful vineyard was established this date by John James Dufour on a tract of land consisting of about 630 acres situated 25 miles from Lexington, KY. He called it , “ The First Vineyard.” Dufour was one of the pioneer viticulturists in America, producing wine, which Thomas Jefferson said was one of the most “fruity” he had every tasted. Attempts to establish vineyards had been made as early as 1619 in Virginia, according to American history books. There are wineries in New York and New Jersey who claim to be the first, but they date in the early 1800's, and may well be the first in their state. While the 21 Catholic missions were built in California in the late 1700's, many were never finished, destroyed by fire and flood, and were not fully in place, until the 1800's. The padres in Santa Clara hadn a vineyard that produced wine that they gave to Indians as a “reward” for their work. History records the first “successful” vineyard belonged to John James Dufour.
    1830-The first passenger locomotive build in the United States was the Tom Thumb, designed and built by Peter Cooper in Baltimore, MD. It weighed six tons and ha 30-inch driving wheel. Its gauge was 4 feet 8.5 inches. On this day it carried 26 passengers a distance of 13 miles over the tracks of the Baltimore and Ohio Railroad in 1 hour 15 minutes. It returned with 30 passengers in 61 minutes, including a four-minute stop to take on water.
    1867-The first territory annexed beyond the nation's continental limits was Midway Island in the North Pacific Ocean, claimed by Captain William Reynolds of the Navy for the United States.
    1892—Trumpet player Mutt Carey birthday.
    1894-Manganese steel for railroad tracks was first manufactured by William Wharton, Jr., and Company, in High Bridge, NU. The first rail frog with cast manganese steel plate was installed at Fulton Street and Boerum Place, Brooklyn, NY.
    1907-- United Parcel Service begins service, in Seattle. Nineteen-year-old Jim Casey borrowed $100 from his friend, Claude Ryan, and started a local delivery service in Seattle, Washington. They called it the American Messenger Company. Jim's slogan was, “Best service, and lowest rates.” The company did well because Jim and Claude stuck to their principles: round-the-clock customer service, courtesy, reliability and low rates. They took these concepts a few steps further, focusing on package delivery for local retail stores, merging in 1913 with Mac McCabe and forming Merchants Parcel Delivery. The company was the first to provide consolidated delivery, placing packages with similar street destinations on one delivery truck. The company's growing fleet of trucks was then managed by Charlie Soderstrom. Charlie selected the dark brown color because of its professional appearance. By the 1920s, the company had grown large enough to expand to Oakland and Los Angeles, California. It wasn't long before it became known as United Parcel Service; 'united' for the consolidated shipments and 'service' because that's what they offered. Today, United Parcel Service provides delivery service to 185 countries and territories.
    1908-Birthday or Roger Tory Peterson, naturalist, author of “ A Field Guide to Byrds,” born at Jamestown, NY. Peterson died at Old Lyne, CT., July 28, 1996. .
    1911-Saint George, GA deluged with 18 inches of rain in 24 hours to establish a state record.
    1916 -- Science Fiction author Jack Vance born San Francisco, California.
    1917—Women picket the White House for “equal rights,” including the right to vote.
Ten suffragists were arrested.
    1922- Broadcasters realized radio could earn profits from the sale of advertising time. WEAF in New York ran a commercial “spot,” which was sponsored by the Queensboro Realty Corporation of Jackson Heights to promote Hawthorne Court, a group of apart­ment buildings at Queens. The commercial rate was $100 for 10 minutes.
    1922-George Herbert Walker, president of the United States Golf Association, presented the first International Golf cup from the first International golf match at the National Golf Links of America, Southampton, NY
    1938- Fats Waller records classic series of jazz pipe organ solos in London.
    1945 - Baseball commissioner Branch Rickey and future baseball great Jackie Robinson met. They discussed the difficulties Robinson, a black athlete, would face in major league baseball. Robinson received $600 a month and a $3,500 signing bonus to play for Montreal of the International League. He would quickly move up and enjoy a brilliant career with the Brooklyn Dodgers.
    1953 ---Campus Crusade for Christ was incorporated in Los Angeles by founder Bill Bright. Today, CCC is an evangelical organization training Christian leaders in over 90 countries around the world.
    1954 - "That's All Right (Mama)" b/w "Blue Moon of Kentucky" became Elvis Presley's first hit single on local charts in Memphis, Tennessee. Memphis DJ Dewey Phillips played the single on his "Red Hot and Blue" show on WHBQ radio -- and the rest is history...
    1955--Top Hits
Rock Around the Clock - Bill Haley & His Comets
The Yellow Rose of Texas - Mitch Miller
Seventeen - Boyd Bennett & His Rockets
I Don't Care - Webb Pierce
    1955 --While visiting family in Money, Mississippi, African-American teenager, Emmett Till from Chicago and unaware of the deep prejudices, is brutally murdered after speaking "inappropriately" to a white woman. He said “bye baby” to her after buying some candy and leaving a store. The questionable trial that follows, and Mrs. Till's decision to display her son's mutilated remains during an open-casket funeral, helps to mobilize opposition to segregation in America. The folksinger of the age Bob Dylan, born in the same year as his fellow Midwesterner Till, transcribed his sense of horror in the Delta in an early song, "The Death of Emmett Till." Excerpt:

Some men they dragged him to a barn
and there they beat him up.
They said they had a reason,
but I can't remember what.
They tortured him & did some things
too evil to repeat.
They were screaming sounds inside the barn,
there was laughing sounds out on the street.
Then they rolled his body down a gulf
amidst a bloody red rain
and they threw him in the waters wide
to cease his screaming pain.
The reason that they killed him there,
and I'm sure it ain't no lie,
Was just for the fun of killin' him
and watch him slowly die.
    1955 - No. 1 Billboard Pop Hit: "The Yellow Rose of Texas," Mitch Miller.
    1957- The longest filibuster, to last for more than 24 hours, was conducted by Senator James Strom Thurmond, Democrat of South Carolina, who spoke against civil rights legislation for 24 hours and 18 minutes on August 28 and 29. Lieutenant Colonel William Rankin bailed out of his plane at a height of 46,000 feet into a violent thunderstorm, and lived to write about the 45 minute journey (which normally would have been a thirteen minute descent). He described it as one of the most bizarre and painful experiences imaginable.
    1961-Motown's Tamla Records releases the Marvelettes first single, "Please Mr. Postman." The song will be a million seller and the groups biggest hit.
    1963-Peter, Paul & Mary performs, "Blowin' In The Wind" before Civil Rights marchers who had gathered in Washington to hear Martin Luther King Jr. speak.
    1963- "I Have A Dream"--- More than 250,000 people attended this Civil Rights rally at Washington, D.C. , at which Reverend Dr. Martin Luther King, Jr., made his famous, “ I have a dream” speech. One of the three Emancipation Days of Respect that highlights the three key prin­ciples of the American Civil Rights Renaissance of the 1960s. Wearing black and white shows respect for Peoplehood in the Spirit of WAO (WeAreOne) on the anniversaries of three historic events: the Aug 28, 1955, kidnapping/lynching of 14-year-old Chicagoan Emmett Till that prompted the first March on Wash­ington after 600,000 viewed his remains and ignited the Civil Rights Renaissance of the 60s; the Aug 28, 1963, March on Wash­ington led by Rev. Dr. Martin Luther King, Jr., that prompted the passage of the Civil Rights Bill of 1964.
    1963--Top Hits
Fingertips - Pt 2 - Little Stevie Wonder
Hello Mudduh, Hello Fadduh! - Allan Sherman
Candy Girl - Four Seasons
Ring of Fire - Johnny Cash
    1964 - The Beatles appeared on the cover of "LIFE" magazine.
    1965-Birthday of country singer Shania Twain, Windsor, ON, Canada (real name Eileen Twain.)
    1965-The Beach Boys' "California Girls" peaks at #3 on the chart.
    1966 - No. 1 Billboard Pop Hit: "Sunshine Superman," Donovan. Release of the song is held up for seven months because of legal problems.
    1967-The Grateful Dead and Big Brother and the Holding Company play at the wake of a Hell's Angels member who was struck by a car in San Francisco.
    1968 -- Through August 26th to the 29th, thousands of protesters gather in Chicago's Grant & Lincoln parks to demonstrate against the Vietnam War. In addition to war protests, hippies objected to the 11 p.m. curfew, which prevented them from camping out in the park. August 29, the Democratic National Convention nominates Vice-president Hubert H. Humphrey for present and Sen. Edmund S. Muskie of Maine. The convention, which began August 26, was the most violent in US history. Antiwar protestors clashed with police and national guardsmen. Hundreds of people, including bystanders, and members of the press, were beaten by police, some in full view of television cameras (Encyclopedia of American Facts and Dates.) Again, a Bob Dylan song is chanted by all:

Yeah, come on all of you, big strong men,
Uncle Sam needs your help again.
He's got himself in a terrible jam
Way down yonder in Vietnam
So put down your books & pick up a gun,
We're gonna have a whole lotta fun.


Well, come on mothers throughout the land,
Pack your boys off to Vietnam.
Come on fathers, don't hesitate,
Send 'em off before it's too late.
Be the first one on your block
To have your boy come home in a box.


& it's one, two, three
What are we fighting for ?
Don't ask me, I don't give a damn,
Next stop is Vietnam.
and it's five, six, seven,
Open up the pearly gates,
Well there ain't no time to wonder why,
Whoopee! we're all gonna die!
    1968-The Doors "Hello, I Love You" sells a million copies. The song, which does not have the sinister qualities of the first million seller, "Light My Fire," marks the groups move into more of a mainstream rock sound
    1971--Top Hits
How Can You Mend a Broken Heart - The Bee Gees
Take Me Home, Country Roads - John Denver
Signs - Five Man Electrical Band
Good Lovin' (Makes It Right) - Tammy Wynette
    1971 - Tropical Storm Doria dropped heavy rains over New Jersey, aggravating serious flooding caused by heavy rainfall on the 27th. Newark set an all-time 24 hour record of 7.84 inches. The Princeton area had 11inches in 36 hours. Doria made landfall on western Long Island with wind gusts of 75 mph in southern New England. Heavy rains from Tropical Storm Doria caused devastating floods in central and northeast New Jersey resulting in 138 million dollars damage. In southeastern Pennsylvania, high winds downed trees and power lines, and in New York City, heavy rains flooded streets and subways.
    1971-James Brown's tenth Number One R&B song, "Make it Funky," enters the R&B charts. It will reach #22 on the pop chart next month
    1971-The Five Man Electrical Band's "Signs" peaks at #3 on the pop singles chart
    1972 - Mark Spitz captured the first of his seven gold medals at the Summer Olympics in Munich, Germany. Spitz completed the 200-meter butterfly in 2 minutes, 7/10ths of a second. His performance set a new world record.
    1972-The first Air Force ace in Vietnam was Captain Richard Stephen Ritchie of Reidsville, NC, who downed his fifth MIG-21 aircraft in North Vietnam in an air-to-air missile battle southwest of Hanoi. He flew an F-4 Phantom with the 555 th Tactical Fighter Squadron of the 432d Tactical Reconnaissance Wing based in Thailand. His other “kills” occurred May 10, May 31 st , and two on July 8, 1972.
    1973 - A severe 62,000 foot high thunderstorm spawned an F4 tornado in eastern New York which moved into western Massachusetts, leveling a truck stop at West Stockbridge. 4 were killed and 43 injured.
    1973-Deep Purple's "Smoke On The Water" goes gold
    1973-Bobby "Boris" Pickett's novelty tune, "Monster Mash" makes the charts for the third time. It was originally released and went to #1 in 1962. It hit the charts again in 1970 and remains a perennial Halloween favorite.
    1976-Peter Frampton's "Baby, I Love Your Way" peaks at #12 on the pop singles chart.
    1979-What a year it has been for Neil Young. He has two gold albums: "Decade," an earlier triple album best of set and "Rust Never Sleeps."
    1979--Top Hits
My Sharona - The Knack
The Main Event/Fight - Barbra Streisand
After the Love Has Gone - Earth, Wind & Fire
The Devil Went Down to Georgia - Charlie Daniels Band
    1982-Marshall Crenshaw's "Someday Someway" peaks at #36 on the pop singles chart
    1982-Elvis Costello's "Imperial Bedroom" enters the LP charts.
    1982-Men at Work's "Business As Usual" enters the album charts. The LP would eventually shoot up to #1, a position it would hold for 15 weeks! It also featured two #1 hits, "Who Can It Be Now?" and "Down Under."
    1984 - The Jacksons' Victory Tour broke the record for concert ticket sales. The group surpassed the 1.1 million mark in only two months.
    1987--Top Hits
Who's That Girl - Madonna
La Bamba - Los Lobos
Luka - Suzanne Vega
Why Does It Have to Be (Wrong or Right) - Restless Heart
    1988 - Tropical Storm Chris spawned a tornado near Manning, SC, which killed one person, and spawned three tornadoes in North Carolina. Chris produced one to two foot tides, and three to six inch rains, over coastal South Carolina. Severe thunderstorms in New York State and Vermont, developing ahead of a cold front, spawned a tornado which killed one person at Hector NY, produced tennis ball size hail at Brandon VT, and produced wind gusts to 80 mph at Lyndonville VT.
    1990-a deadly F5 tornado struck Kendall and Will counties in northern Illinois. 29 were killed and 350 injured, total damage was $165 million. Proper warnings were not issued as coordination between spotter networks and the local national Weather Service Offices were inadequate, prompting an official NOAA investigation
    1993 - Billy Joel's album "River of Dreams" hit #1 in the U.S. It was his first album to debut at #1 and stayed at top for three weeks. The album tracks were sequenced in the order they were written: "No Man's Land", "The Great Wall of China", "Blonde Over Blue", "A Minor Variation", "Shades of Grey", "All About Soul", "Lullabye (Goodnight My Angel)", "The River of Dreams", "Two Thousand Years", "Famous Last Words".
    1993-James Taylor's "(Live)" LP enters the chart.
    1994-Tiger Woods, 18, won the U.S. Amateur Golf Championship, held at the Tournament Players Club-Sawgrass Stadium course in Ponte Verdra, FL. He thus became the first golf champion of African-American and Asian descent. He defeated 22-year-old Trip Kuehen to become the youngest winner in the 99-year history of the event. Woods went on to win two more amateur championships before turning professional in 1996. On April 13, 1997, woods won the Masters Tournament at the Augusta National Golf Club, Augusta, GA, becoming at age 321 the youngest person ever to do so. his final round of 69 gave him a total score of 270, or 18 under par, the lowest in the history of the event. Woods's grandparents were African-American, Chinese, and Thai.
    1995 - No. 1 Billboard Pop Hit: "You Are Not Alone," Michael Jackson.
    2001- Alex Rodriguez becomes the ninth player, and the second shortstop, in major league history to hit 40 home runs in four consecutive seasons. The first shortstop to reach the plateau was Hall of Famer Ernie Banks, who accomplished the feat from 1957-60 for the Cubs.
    2003 -Jose Reyes becomes the youngest player in major league history to hit a home run from each side of the plate. The 20-year old shortstop accounts for all the Mets runs, hitting a solo shot left off Mike Hampton in fifth inning and a two-run dinger lefty off Trey Hodges in the ninth, as New York beats the Braves, 3-1.
    2005- Down three runs in Williamsport, Pennsylvania, Hawaii stages an improbable comeback tying the game at 6-6 in the bottom of the sixth inning to force only the third extra-inning championship game, and the first since 1971. The Ewa Beach bunch beats the Caribbean champs, 7-6, as catcher Michael Memea hits a walk off homer in the bottom of the 7th inning
    2005 - Green Day continues its charmed year by dominating the 2005 MTV Video Music Awards at Miami's American Airlines Arena. The group's video for "Boulevard of Broken Dreams" wins six awards, including video of the year, best group video, best rock video and two trophies for direction and cinematography (for director Samuel Bayer). Another clip, "American Idiot," wins the viewer's choice award.



Baseball Poem

Pearly Babe

by Mikhail Horowitz

When Babe Ruth died & went to heaven, he was a rookie all over again. His homers & heroics, merely dust motes on a distant moon_

This is a great team, kid, St. Peter told the Babe. You won ' t be able to crack it for at least another nanosecond.

But the Babe felt good, he was giddy as a lamb, he played catch with a comet & beamed like a Baltimore aureole, happily slapping mus­ tard on a manna-dog & chugging a six-pack of ambrosia.

In less time than it takes to circle the bases of a quark, he made starting lineup, & as of this writing he's been a superstar—I think Betelgeuse—for 22 eternities. Now & then he hits one out of dark, but whether it ' s a single, double, triple, or Big Bang is hard say: up there (or is it in?) they don't keep stats.

From “Line Drives,” 100 Contemporary Baseball Poems,edited by Brooke Horvath and Tim Wiles, Southern Illinois University Press




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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