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entertainment for the commercial bank, finance and leasing industry

Senior Account Manager
Tustin, California

Min. 3 year equipment/vehicle leasing or finance industry experience, bachelors degree or higher, primary concentration on financing semi-trucks and trailers competitive salary commensurate with experience. Please click here for more information


Friday, December 20, 2013

Santa Class

Today's Equipment Leasing Headlines

Leasing News Salvation Army Kettle
 $3,300 Raised to Date
  Mele Kalikimaka from Hawai'i
   Jimmy Buffett
    Classified Ads---Sales
 Navitas Lease Opens New Equipment
  Manufacturer Financing Division
 New Hires—Promotions
  Classified Ads---Help Wanted
   First Increase in US Household Debt;
    Releveraging Begins
  ELFF Reports Confidence Reports 2% Decrease
   Month of December
    Change in Management at NAELB
     President Reports
      Certified Lease Professional Handbook
       Order with $10 Off and Put Certificate Under the Tree
  Google's Ad Revenue Per User
   Is Insanely Ahead Of Its Rivals
    by Jay Yarow,
     Menkin-Kalinski Laws---American Leasing Placard
      Circa 1973
       Former Delaware Bank President Pleads Guilty
        to Bank Fraud and Money Laundering
   Miracle on 34th Street/How the Grinch Stole Christmas
    Santa Claus is Comin' to Town/Black Christmas/
     A Christmas Carol
      Special Christmas Edition, Part One by Fernando Croce
        Point Vedra Beach, Florida Adopt-a-Dog
News Briefs---
Lots of factors push mortgage rates higher
 Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal
  A Look at Airline Leasing:
   A New Deal Sends This Aircraft Lessor Flying Past Its Rivals
    Facebook's Zuckerberg selling $2.3 billion in stock: Net $1 B
     Darden will spin off or sell Red Lobster,stop expanding Olive Garden
    Research shows how MacBook webcams can spy on users without warning
     The Rise of Mobile BI: Intelligence Goes on the Road
      High-living wine collector who ran fake factory in L.A. convicted of fraud

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
               Weather, USA or specific area
                 Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.

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Leasing News Salvation Army Kettle

(Click to learn more)

SAN FRANCISCO---In the winter of 1891, Salvation Army Captain Joe McFee put a crab pot on the San Francisco docks and asked citizens to "keep the pot boiling" by making donations so he could feed the needy at Christmastime. These days, we all know this "crab pot" to be
The Salvation Army Christmas Kettle




Mele Kalikimaka from Hawai'i: Jimmy Buffett


Classified Ads---Sales

(These ads are “free” to those seeking employment or
looking to improve their position)

Boston, Mass.
Accomplished Sales & Relationship Management Professional with business development experience in the financial services industry. Recognized by market leaders as industry expert in Professional Practice financing, as well as Residential Mortgage Lending. Keen insight and understanding of transaction process and financial requirements of customer. Proven record of exceeding sales goals.

Central Coast of California
, equipment financing sales, 25 years B2B small business sales, business development, vendor and program management, 10 years in broker business as owner, seeks opportunity to cover Ventura, Santa Barbara, San Luis Obispo, Monterey, Kern and Fresno Counties or larger Western Region – experience with most equipment applications, travel welcomed. 
Joe Friedling Paso Robles, CA 1-888-606-7300
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:

Working Capital Loans $10,000-$250,000


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

Navitas Lease Opens New Equipment
Manufacturer Financing Division

Ponte Vedra Beach, Florida: Navitas Lease Corp. continues its expansion into the equipment manufacturer financing segment with its recent purchase of the Vendor Lease Management Group (VLMG) lease portfolio and merger of the company’s team with Navitas.

SunTrust’s Robinson Humphrey, Inc., introduced the companies and provided advisory services to Navitas in connection with the transaction. SunTrust Bank provided financing to facilitate the transaction.

This new division will help Navitas capitalize on its recent success in the manufacturing sponsored financing segment. The Vendor Lease Management Group, located in Parsippany, New Jersey, brings a proven track record and deep experience in the financing marketplace to Navitas.

Gary Shivers, the company’s CEO says, “The skills and knowledge that the staff of VLMG brings to Navitas will enable us to assist equipment manufacturers maximize financing programs by providing creative structuring tools and products. We are very excited about this new addition to Navitas and we are looking forward to continued success in providing equipment manufacturers with custom financing solutions to meet their unique customer needs.”

Scott Rovener

“We have been searching for a partner that could help Vendor Lease Management Group expand its product and marketing capabilities and Navitas was the perfect fit for our organization,” said Scott Rovner, Senior Vice President of Navitas (former president at Vendor Lease Management Group 23 years. Editor). “Our combined resources, capabilities and customer relationships will make us a formidable force in structured program financing.”

About Navitas Lease Corp.: Navitas is an equipment finance company headquartered in Ponte Vedra Beach, FL, with offices in Cherry Hill and Parsippany, NJ as well as Columbia, SC. The company provides equipment financing to small and medium sized businesses nationally, through developing referral programs with equipment vendors, manufacturers and through lease brokers in its RLC Funding division.

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




New Hires—Promotions

Kenneth (Ken) E. Bentsen promoted to President & CEO at Securities Industry and Financial Markets Association. He joined the firm September, 2009 as EVP public Policy and Advocacy. Former chairman of the board, Susan G. Komen Foundation (2007-2009), president, Equipment Leasing and Finance Association (April, 2006-September, 2009), managing director, Public Strategies (January, 2003-April, 2006), member of Congress,, U.S. House of Representatives (January, 1995-January, 2003), first vice president, George K. Baum & Company (April, 1990-January, 1995), vice president, Drexel Burnham Lambert (August, 1987-March, 1990), legislative staff, US House of Representatives (1983-1987). Education: American University, MPA, Finance and Economics (1983 – 1985); University of St. Thomas (Texas), (1979 – 1982); Deerfield Academy (1974 – 1977), Southern Methodist University.

Ken Brause named Chief Financial Officer of North American Commercial Finance, CIT Group, Inc., "he is responsible for managing CIT’s Investor Relations function, which is the primary interface between CIT and its shareholders and the broader investor community. Ken is also President of CIT Small Business Lending. In this role, he is responsible for overseeing an organization that originates and services loans to small businesses as a “Preferred Lender” for the Small Business Administration (SBA). Prior to joining CIT, Ken was Managing Director of Investor Relations at The Bank of New York Mellon. Before this, he served as Vice President of Strategy & Development and Vice President of Investor Relations at Horizon Blue Cross Blue Shield of New Jersey. Prior to his work at Horizon, Ken managed the investor relations function both for American General Corporation and for Bankers Trust Corporation. In his 13 years at Bankers Trust, he also held key positions in strategic planning, debt capital markets and syndicate, and corporate communications.

Ken began his career as a management consultant with Booz Allen & Hamilton. He holds a bachelor’s degree in economics from the Wharton School of the University of Pennsylvania and an MBA in finance and accounting from The University of Chicago Graduate School of Business.


John Buckley promoted to commercial credit analyst, De Lage Landen, Pennsylvania. He joined the firm May, 2006, rising from customer service representative to senior sales support officer (March 2008), operations training specialist (August, 2011), sales support manager, (September, 2012), to business support training lead (March, 2013). Education: Penn State University, Bachelor of Science (BS), Economics :Saint Joseph's University, Master of Business Administration (MBA), Business Administration and Management, General.

Barbara A. Callahan named head of Investor Relations, CIT Group, Inc., New York, New York. She replaces Ken Brause, who has been appointed chief financial officer of the North America Commercial Finance segment, effective January 1, 2014. She joined CIT Group 1999 in connection with CIT’s acquisition of Newcourt Credit Group, Inc. and rose to vice president, securitization, then managing director & Assistant Treasurer. Prior to the acquisition, she held various positions in Treasury and Accounting within Newcourt Credit Group Previously she was manager , AT&T Capital Corp (1990-1999), senior auditor, Deloitte (1988-1990). Obtained CPA license (inactive). Education: Fairleigh Dickinson University, Masters of Business Administration (MBA), Corporate Finance; Seton Hall University, Bachelor of Science (BS), Accounting.

Drew Daily hired as Financial Solution Specialist at Presidio Technology Capital. Previously he was regional sales manager, Trilogy Leasing Co., LCC (November,2012-December,2013); v.p. business development De Lage Landen (January, 2002-Aprl, 2006); director, KPMG (July, 200-January, 2002); v.p. government markets, AT&T Capital Corporation (January, 1990-June, 2000); account executive, Hewlett-Packard (1983-1990).Education: Long Island University, C.W. Post Campus, Master of Business Administration (MBA), Banking, Corporate, Finance, and Securities Law (1982 – 1984); Long Island University, C.W. Post Campus, Bachelor of Applied Science (B.A.Sc.), Business Administration and Management, General (1978 – 1982).

Cary Downer hired as senor underwriter at Talmer Bank & Trust, Troy, Michigan. Previously credit manager, Macquarie Equipment Finance (May, 2005-November, 2013); credit/syndication manager, Renaissance Capital Alliance (April, 1998-May, 2005); senior credit analyst, Comerica Bank (November, 1996-March, 1998). Walsh College of Accountancy and Business Administration MS, Finance (1995 – 1997); Walsh College of Accountancy and Business Administration, Walsh College of Accountancy and Business Administration BBA, Finance (1992 – 1995).

Christopher "Chris" Hillard hired as vice president and regional sales manager, Western Alliance Equipment Finance, an affiliate of Western Alliance Bancorp. (NYSE : WAL). He joined the bank, August, 2013. Previously he was vice-president, manager, middle market equipment leasing, Union Bank (March,2006-June, 2013); v.p., Captara (November, 2003-March, 2005); v.p., Greater Bay Equipment Finance (June, 2001-May, 2003), v.p., Bank Hapoaim (June, 200-March, 2001). Education: Babson College, MBA, Finance, Marketing (September 1971 – June 1973); Univ. of California-Davis, BA, History, Economics (September 1967 – June 1971), Activities and Societies: Vice President Sigma Alpha Epsilon, Deans List, Intercollegiate Golf. Published: "The Dynamics of Equipment Leasing” In Business Magazine. "Lease or Buy: Do Models Matter?" Presented to the Eastern Association of Financial Analysts.

Sue Loach now Funding Coordinator at Commercial Finance & Leasing Bank of Cardiff, Inc., San Diego, California. Previously senior accountant at BridgeBilt, LLC, San Diego, California. Previously she was DOT operator qualification project coordinator, San Diego Gas & Electric (February, 2013-May, 2013), consultant, San Diego (February, 2011-February, 2013), staff accountant, Five Point Capital (December, 2009-February, 2011), adjunct faculty, UCSD Extension (April, 2009-February, 2011),adjunct faculty, Grossmont College (January, 2004-February, 2011), accounting manager/executive assistant, Pentech Funding Services (October, 2003-December, 2009), instructor, Coleman College (1999-2003), product manager, Broadband Product Management, Firstworld Communications (June, 1998-April, 1999), Product Manager, Industrial Computer Source (June, 1995-June, 1998), certified NetWare engineer, Anacomp (February, 1989-June, 1995). National University, MBA, Accounting and Telecommunications (1996 – 1999) CompTIA Network+, Networking, Microsoft Office Specialist, Microsoft Office Certification, Expert Level in Word, Excel, PowerPoint, Novell Training CNE.

Lori Maxon hired as relationship manager to expand Ervin Equipment Finance, a wholly owned subsidiary of Bank of Ann Arbor, office technology finance market team. Previously she was leasing manager at Key Equipment Finance, Superior, Colorado. She will be responsible for managing leasing transactions for the middle market in Albany, NY and Maine. joined Key Equipment Finance in 1998 and most recently was vice president, commercial leasing services, business banking. Previously, she worked for the company in various capacities, including account manager, inside sales and business banking.

Tony Montemurro named territory director, Winthrop Resources, Newport Beach, California. Previously he was vice president, national accounts, Celtic Leasing Corp., a subsidiary of MB Bank (February, 2003-November, 2013); v.p., sales, First American (2001-2002); manager leasing programs, Gateway (1999-2002), manager, leasing solutions, Ingram Micro (1997-1999); sales director, American Technologies (1995-1997); assistant vice president, premier banking, Wells Fargo (1992-1995).Languages: Spanish, Portuguese, Italian, French. Education: University of California, Los Angeles, Masters (1992 – 1994); Georgetown University, BA (1984 – 1988); Universidad del Salvador, BsAs, Argentina, Economics (1987 – 1987); University of California, Irvine, Certificate, eBusiness (1998 – 1999).

Marc Natividad now managing partner at New Power Capital, Cedar Hills, Utah. Previously he was vice president of sales, Pacific Western Equipment Finance (June, 2012-November, 2013); account executive, syndication manager, program manager, Zions Credit Corporation (March, 2007-June, 2012;, director of intermediary relations, ACC Capital Corporation (July, 2005-June, 2006); capital markets manager, district sales manager, funding manager, transaction coordinator, The CIT Group/Equipment Finance (January, 1998-May, 2005); consulting group analyst, sales assistant, systems administrator, Smith Barney, Inc., (November, 1995-January, 1998). Languages: English, Native or bilingual proficiency; Portuguese, Limited working proficiency. Education: Brigham Young University, Master of Business Administration (M.B.A.), Strategic Leadership (2011 – 2013), Activities and Societies: Foreign Business Excursion to China (Beijing, Shenzhen, Hong Kong), Cambodia (Siem Reap) and Thailand (Bangkok) Arizona State University, B.S., Business Finance (1994 – 1996), Summa Cum Laude; Eastern Arizona College, Associates, Liberal Studies (1992 – 1994), Graduated #1.

Chad Owens hired as leasing manager for Ohio for Key Equipment Finance, Superior, Colorado; "Owens will identify, develop and close end-user based equipment loan and equipment leasing transactions in the region, which includes Columbus, Cincinnati, Dayton and Northeast Kentucky." Previously he was associate director, foreign exchange, Huntington National Bank (April, 2012-December, 2013), business development executive, Huntington National Bank (November, 2005-March, 2012); practice finance, Bank of America (2002-2005). Education: Ohio University (1994 – 1999); ESC Rennes, International Business (1997 – 1998).

Edward Peck Co-Founder at International Auto Finance Network, London, United Kingdom. He remains CEO, Asset Finance International (2009-Present). Previously he was principal, Commercial Payments International (12008-2009), CEO, VRL Publishing (2004-2007); CEO, Vacher Dod Publishing (1999-2004), CEO, Management Information Publishing Limited (1997-1999); managing director, Nursery World (1989-1997). University of Bristol, BSC, Psychology (1984 – 1987), Eltham College (1975 – 1985).

Robert Shultis promoted to vice president, team leader, TD Equipment Finance, Piscataway, New Jersey; "he is responsible for developing equipment finance opportunities with middle market clients in New Jersey and New York as well as serving as Team Leader for the municipal leasing product channel from Maine to Delaware." He joined TD Bank, N.A. (formerly Commerce Bank, N.A.) 2003; vice president, GE Capital (1997-2003).Education: Arizona State University, B.S., Finance (1992 – 1995).

Debra Smith Searching for New Opportunity Property Tax Compliance | Ad Valorem | Analyst | Leasing | Process Improvement. Property tax specialist, The CIT Group (2008-2014), assistant manager, property tax (2006-2008), senior property tax analyst (2004-2006, property tax analyst, (2001-2004); sales and property tax analyst, AT&T Credit Corporation (acquired 2000 by The CIT Group).Education: University of Phoenix, BS Bachelor of Science, Management (2007),County College of Morris, Associate's degree, Business Administration (1999)

Mark H. Thomas, CLP, hired as senior vice president and West region sales director, Key Equipment Finance, Superior, Colorado. Previously he was division sales manager, mountain region, Zions Credit Corporation (June, 2004-December, 2013), v.p. sales, Amembal Capital Corporation (200-2004). Organizations: Alpha Tau Alumni Association - Pi Kappa Alpha, Treasurer (March 2011 – Present). Zions Credit Corporation: Omega Performance (Adv. Corporate Analysis); Risk Management Association (Adv. Financial Statements); Utah Bankers Association (Advanced Lending Strategy); Certified Lease Professional, CLP Foundation (July 2004 – Present). Education: University of Utah, David Eccels School of Business, Marketing, Communications, Finance (1990 – 1995); (Open)1 organization University of Utah - David Eccles School of Business.

David Thommen promoted to IT Leader, Terex Financial Services. He joined the firm June, 2007. Previously he was senior project leader, NetSol-McCue (January, 2004-February, 2008); managing director of information services, Daimler Chrysler capital/Mercedes -Benz Credit (June, 1994-April, 2003); project manager, Peoples Bank of Connecticut (1986-1984), senior programmer, Fiserv (1986-1988).

Lance Vincent joined SunTrust Equipment Finance Group as Vice President of direct originations, September, 2013, Dallas/Fort Worth Area. Previously he was v.p., Key Equipment Finance (2004-2007); v.p., Bank One (1997-1999). Education: LSU, Bachelor of Science (BS), Finance, General.


Leasing Industry Help Wanted


Senior Account Manager
Tustin, California

Min. 3 year equipment/vehicle leasing or finance industry experience, bachelors degree or higher, primary concentration on financing semi-trucks and trailers competitive salary commensurate with experience. Please click here for more information


Equipment Asset Manager
Los Angeles, California

Experience in heavy equipment required, ideal Class 8 trucks. Salary commensurate, performance bonus.
Call Shervin Rashti direct: 213-599-7660 or
send resume
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions


For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees. 



First Increase in US Household Debt;
Releveraging Begins

This Is the Most Important Chart Of 2013

The Federal Reserve's latest quarterly Flow of Funds report revealed the first increase in the third quarter of 2013 U.S. household debt since before the financial crisis.

In short, Americans have stopped paying down debt, and releveraging has officially begun.

We asked 113 of our favorite portfolio managers, strategists, analysts, and economists across Wall Street for the charts that they deem the most important of the year, and this is the one we received the most.

James von Simson
Portfolio Manager
Thurleigh Investment Managers LLP
London, United Kingdom

"The, frankly, token attempts at cutting back over the last few years are over, and it’s back to business for U.S. households," said James von Simson, a portfolio manager at Thurleigh Investment Managers.

There is a strong sense that this bodes well for the U.S. economy.

Millan Mulraine
Deputy Head, US Research & Strategy
TD Securities (USA) LLC
New York City, New York

"After five years of persistent debt pay-down by households, the U.S. private sector deleveraging cycle appears to have come to an end, and with it is the increased prospect for a more sustained economic rebound," said Millan Mulraine, a director of rates, FX, and commodities research at TD Securities. "The first quarterly increase in mortgage debt and sharp rise in credit-card borrowing in Q3 (shown in this chart) marks a crucial turning point for the U.S. recovery, and it suggests that consumer spending activity could again become an important driver for sustained growth going forward."

Cullen Roche, Founder
Orcam Financial Group, LLC
San Diego, California

"This is a clear sign that the household credit crisis is coming to its final chapters and that the U.S. economy is officially stepping out of a very nasty chapter in U.S. economic history," said Cullen Roche, founder, Orcam Financial Group.

Now, we won't have to hear talk about deleveraging in the U.S. anymore, according to Matt Busigin, editor and principal author of Macrofugue Analytics.

"This is both healthy and sustainable as long as the pace (of debt expansion) is below the rate of national income growth," said Busigin. "Deleveraging as an investment and economic theme is over."


ELFF Reports Confidence Reports 2% Decrease
Month of December

The Equipment Leasing and Finance Foundation MCI-EFI December 2013 Survey Results is 55.8, a decrease from the November index of 56.9.

December 2013 Survey Comments from Industry
Executive Leadership:

(Depending on the market segment they represent, executives have differing points of view on the current and future outlook for the industry.)

Independent, Small Ticket

Valerie Hayes Jester, President
Brandywine Capital Associates, Inc.

"The industry appears to be holding its own with new originations just slightly ahead of 2012 numbers. Lack of clarity on the tax side as well as the continuing saga of Dodd-Frank make our world a bit uncertain. New worries about the pullback of government stimulus make 2014 projections a bit tricky."

Bank, Small Ticket

Paul Menzel, President & CEO
Financial Pacific Leasing, LLC
A subsidiary of Umpqua Bank

"There remains in the general market an imbalance between capex and capital liquidity. While this is good for our industry in the short run, competitive pressures are driving spreads and credit standards lower in the long run. This will present a challenge on those leasing companies that are ill-equipped to manage risk through the next downturn." Paul Menzel, President & CEO, Financial Pacific Leasing, LLC Bank

Middle Ticket

Thomas Jaschik, President
BB&T Equipment Finance

"I anticipate 2014 new business volume levels to be slightly better than 2013. My rationale is very simple: in 2013 most industries took a very cautious approach to capital equipment investment for both replacement and expansionary purposes. In 2014 many industries will be forced to acquire new equipment to replace equipment which has exceeded its useful life. It will simply be less expensive to acquire new equipment than to maintain existing equipment."

When asked to assess their business conditions over the next four months, 12% of executives responding said they believe business conditions will improve over the next four months, down from 17.2% in November. 78.8% of respondents believe business conditions will remain the same over the next four months, down from 79.3% in November. 9% believe business conditions will worsen, up from 3.4% who believed so the previous month.

  • 15.2% of survey respondents believe demand for leases and loans to fund capex will increase over the next four months, up from 13.8% in November. 78.8% believe demand will "remain the same" during the same four-month time period, up from 75.9% the previous month. 9% believe demand will decline, down from 10.3% who believed so in November.

  • 24% of executives expect more access to capital to fund equipment acquisitions over the next four months, unchanged from November. 75.8% of survey respondents indicate they expect the "same" access to capital to fund business, up from 72.4% in November. No one expects "less" access to capital, down from 3.4% who expected less access in November.

When asked, 27.3% of the executives reported they expect to hire more employees over the next four months, unchanged from November. 60.6% expect no change in headcount over the next four months, down from 65.5% last month. 12% expect fewer employees, up from 6.9% who expected fewer employees in November.

  • 6% of the leadership evaluates the current U.S. economy as "excellent," unchanged from last month. 85% of the leadership evaluates the current U.S. economy as "fair," up from 76% last month. 9% rate it as "poor," down from 17% in November.

  • 24.2% of the of survey respondents believe that U.S. economic conditions will get "better" over the next six months, an increase from 17.2% who believed so in November. 66.7% of survey respondents indicate they believe the U.S. economy will "stay the same" over the next six months, a decrease from 72.4% in November. 9% believe economic conditions in the U.S. will worsen over the next six months, a decrease from 10.3% last month.

  • In December, 30.3% of respondents indicate they believe their company will increase spending on business development activities during the next six months, a decrease from 34.5% in November. 66.7% believe there will be "no change" in business development spending, an increase from 65.5% last month. 3% believe there will be a decrease in spending, an increase from no one who believed so last month.

Survey Respondent Demographics:

Market Segment:
Bank: 60.6%
Captive: 6.1%
Financial Services: 9.1%
Independent: 24.2%
Other: 0.0%

Market Segments Based on Transaction Size of New Business Volume

Large-Ticket (New Business Volume Avg. Transaction Size Over $5 Million): 12.1%
Middle-Ticket (New Business Volume Avg. Transaction Size of $250,000 - $5 Million): 57.6%
Small-Ticket (New Business Volume Avg. Transaction Size of $25,000 - $249,999): 30.3%
Micro-Ticket (New Business Volume Avg. Transaction Less Than $25,000): 0.0%

Organization Size
(Based on Annual New Business Volume for Fiscal Year 2010):

Under $50 Million: 6.1%
$50 Million - $250 Million: 15.2%
$250 Million - $1 Billion: 39.4%
Over $1 Billion: 39.4%


Equipment Asset Manager
Los Angeles, California

Experience in heavy equipment required, ideal Class 8 trucks. Salary commensurate, performance bonus.
Call Shervin Rashti direct: 213-599-7660 or
send resume
Maxim Commercial Capital is a commercial finance company committed to fostering the growth of small and middle market companies by providing creative and flexible asset-backed financing solutions




Change in Management at NAELB
President Reports

Joan Modes, BPB, Gem Commercial Credit, Inc., Livonia, Michigan, National Association of Equipment Leasing Brokers President announced a new change in management.

"The Board of Directors shares my desire for growth and for bringing more value to its members. 'Success by Association' is more than just our motto. The central theme throughout each of our committee initiatives addresses our goal of bringing more value to our Broker, Funder, and Associate members. In unison we are strong, but we can do better!

“Over the past several months, the NAELB Board of Directors has devoted substantial time to evaluating the future of our organization. The conclusion, in part, was that we must maintain an unwavering focus on the implementation of our strategic plan. Another result of this evaluation process was the Board's decision to engage the services of Fernley & Fernley, a Philadelphia-based association management company. It is our belief that this will result in a more robust association that will offer members expanded opportunities for education and networking in addition to a strong connection with the leasing community.

“We have our work cut out for us! We will provide more details as they become available.”



Certified Lease Professional Handbook
Order with $10 Off and Put Certificate Under the Tree

Perfect as colleague gift or for yourself

The fourth edition has new chapters on Agriculture and Insurance with expanded sections on Lease Pricing and Asset Management - Collections. The History, Classification and Tax and Accounting chapters have also been updated to reflect the pending changes in the FASB and IASB Exposure Draft. Whether you’re a college student, entry level leasing associate, or an old pro, this book is an invaluable resource.

Purchase $49.95 (10% off by using code UDBETE25)

(To learn more about the CLP Handbook)

CLPs in Good Standing

Why I Became a CLP series:


Google's Ad Revenue Per User
Is Insanely Ahead Of Its Rivals
by Jay Yarow,

A good chart tweeted by analyst Ian Maude.

He says, "Thinking about Twitter monetisation- ad revenue per user under 1/2 FB and 1/3 LinkedIn- lots of headroom for growth." And that's certainly one way to look at it.

Another way to look at it is how insane Google's ad revenue per user is compared to other ad-supported web companies. This is what happens when you have a magic money machine called search ads.




Menkin-Kalinski Laws---American Leasing Placard

Circa 1973


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

Former Delaware Bank President Pleads Guilty to Bank Fraud
and Money Laundering

WASHINGTON, DC - Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Charles M. Oberly, III, United States Attorney for the District of Delaware, today announced that James A. Ladio, a founder and former president and chief executive officer of MidCoast Community Bank (MidCoast) of Wilmington, Del., pleaded guilty on Tuesday to a four-count felony Information charging him with bank fraud, in violation of Title 18, United States Code, Section 1344 (Counts 1 and 3); and money laundering, in violation of Title 18, United States Code, Section 1957 (Counts 2 and 4). The plea was entered before The Honorable Richard G. Andrews, United State District Judge.

The four-count Information describes two occasions in which Ladio convinced existing MidCoast customers to apply for commercial loans, ostensibly for valid business purposes. The true purpose of the loans, however, was to allow those MidCoast customers to loan money to Ladio.

The first bank customer (Bank Customer A) applied in October 2010 to transform an existing commercial mortgage at MidCoast into a $700,000 line of credit. Although the loan package indicated that the purpose of the line of credit was to make capital improvements on a particular building project, the actual purpose of the request was for Bank Customer A to obtain funds which could be used to make a short-term loan to Ladio. After MidCoast’s loan committee approved the request, Bank Customer A drew $650,000 from the line, which was deposited into Bank Customer A’s account on or about October 28, 2010. That same day, approximately $629,240 was wired from the account controlled by Bank Customer A to Ladio’s personal checking account.

Similarly, the second bank customer (Bank Customer B) applied to MidCoast in July 2011 for a working capital line of credit in the amount of $700,000. Although the loan package indicated that the purpose of the loan was for “working capital for Bank Customer B’s various business interests,” the actual purpose of the request was for Bank Customer B to obtain funds which could be used to make a short-term loan to Ladio. After MidCoast’s loan committee approved the request, MidCoast wired $650,000 into a bank account held by Bank Customer B at another financial institution. That same day, $639,000 was wired from Bank Customer B’s account to Ladio’s personal bank account.

Because on each occasion the proceeds of the loan fraud activity resulted in more than $10,000 being deposited into Ladio’s personal bank account, Ladio also faces two counts of money laundering.

Ladio, age 57, is a resident of Wilmington, Del. For the bank fraud charges (Counts 1 and 3), Ladio faces a maximum penalty of 30 years imprisonment; a fine of $1,000,000; a term of supervised release of five years; a $100 special assessment; and mandatory restitution. For the money laundering charges (Counts 2 and 4), Ladio faces a term of imprisonment of ten years; a fine of $250,000; a term of supervised release of three years; and a $100 special assessment. Sentencing has been scheduled for April 17, 2014, at 9:00 a.m.

“Ladio’s fraud was uncovered after it was discovered that he had failed to notify his lender, a TARP bank, that he had sold an investment property for which he had taken out a mortgage loan at the bank,” said Christy Romero, Special Inspector General for TARP (SIGTARP). “Ladio’s failure to comply with his loan requirements was an initial step in a continued course of misconduct culminating in bank fraud against MidCoast Community Bank, where he was president and CEO. SIGTARP and our law enforcement partners will hold accountable and bring to justice those responsible for fraud related to TARP.

United States Attorney Oberly said, “Mr. Ladio’s serious fraudulent conduct betrayed the trust of MidCoast’s shareholders, its employees, and its customers. Our office will continue to vigorously investigate and enforce criminal conduct relating to bank fraud, particularly with respect to Delaware-based financial institutions.”

The case was investigated by SIGTARP, the Federal Bureau of Investigation, and the Internal Revenue Service Criminal Investigation Division and is being prosecuted by Assistant United States Attorneys Robert F. Kravetz, Lesley F. Wolf, and Ilana H. Eisenstein.

This prosecution was brought in coordination with President Barack Obama’s Financial Fraud Enforcement Task Force, which was established to wage an aggressive and coordinated effort to investigate and prosecute financial crimes. SIGTARP is a member of the task force. To learn more about the President’s Financial Fraud Enforcement Task Force, please visit

The Office of the Special Inspector General for the Troubled Asset Relief Program investigates fraud, waste, and abuse in connection with TARP.

To report suspected illicit activity involving TARP, dial the SIGTARP Hotline: 1-877-SIG-2009 (1-877-744-2009).

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


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Leasing News: Fernando's View
by Fernando Croce

Special Christmas Edition, Part One:

With Christmas fast approaching, we’re offering a two-part special holiday edition. So check them out with Netflix and settle down for some eggnog and a jolly time with your friends and family. Check back next week for more recommendations!

Miracle on 34th Street (George Seaton, 1947): Often a supporting player in Christmas movies, Santa Claus gets his own starring role in this warm and witty family favorite. Kris Kringle (Edmund Gwenn in a delightful, Oscar-winning performance) visits New York City and takes a job at a department store run by Doris (Maureen O’Hara), whose little daughter Susie (Natalie Wood) doesn’t believe in Santa Claus. When he tries to prove that he’s not just playing Santa but is Santa, he has to prove his own sanity to the judicial system and, more importantly, to the children of the world. So skip the 1994 remake and go straight to the original, which is wise, affectionate, and has a pretty sharp message about letting the season’s craven commercialism getting in the way of its true meaning.

How the Grinch Stole Christmas (Chuck Jones & Ben Washam, 1966): An enduring Yuletide staple, this animated version of Dr. Seuss's storybook favorite remains a timeless delight. As narrated by the great Boris Karloff, the film focuses on Christmastime in the cheery, mythical land of Whoville, where happiness is in the air for every citizen... except for the infamous Grinch, a grouchy green loner who watches the festivities from his cave and decides to ruin this year's Christmas. Disguising himself as Santa Claus, the Grinch sets out to ruin the fun, not counting on the adorable innocence of little Cindy Lou Who to stand in his way. Directed by brilliant Warner Bros. cartoon veteran Chuck Jones and featuring the marvelous song "You're a Mean One, Mr. Grinch," this is a short but sweet classic.

Santa Claus is Comin’ to Town (Jules Bass, Arthur Rankin Jr., 1970): Have you ever wondered how Kris Kringle became Santa Claus? Jules Bass and Arthur Rankin Jr., the acclaimed stop-motion animators responsible for "Rudolph the Red-Nosed Reindeer," did wonder, and the result was this endearing holiday special, which has become a Christmastime family must-see. In it, we witness Kris Kringle's (delightfully voiced by Mickey Rooney) trajectory from toymaker to jolly St. Nick as he delivers gifts to the children of Sombertown, clashes with the grouchy Burgermeister (Paul Frees), and falls in love with the future Mrs. Claus (Joan Gardner). Featuring lovable characters and a tip-top score (including a terrific rendition of the title tune by none other than Fred Astaire), this is rich entertainment for this and every season.

Black Christmas (Bob Clark, 1974): If you're looking for a little seasonal counter-programming to the usual ctowdpleasers, you can't go wrong with this 1974 Canadian shocker, helmed by none other than "A Christmas Story" director Bob Clark. Set at a college sorority house during Christmas break, the suspenseful story follows a group of students lead by the feisty Barb (Margot Kidder), and how they're affected by a series of mysterious, threatening phone calls. In between arguments with her boyfriend, coed Jess (Olivia Hussey) helps police officer Fuller (John Saxon) in the search for the maniac who's been killing people around the campus. The closer they get to the truth, however, the more dangerous things become for the girls. Made with tension and a welcome sprinkling of dark humor, this underrated thriller supplies a nifty shiver in times of Yuletide warmth.

A Christmas Carol (Robert Zemeckis, 2009): The beloved Charles Dickens novel never looked as ravishing as in director Robert Zemeckis’ visually breathtaking, 3-D animated adaptation. Jim Carrey portrays history's most famous miser, Ebenezer Scrooge, who spends Christmas time by nursing his own bitterness and showering contempt on those around him. But when he's visited by the Ghosts of Christmas Past, Present, and Future, he comes to realize the effects of his behavior. The plot should be familiar from dozens of screen adaptations, yet Zemeckis’ 3-D inventiveness (wait until you see all those snowflakes falling around you) should make audiences experience it as if for the first time. Look for it on Netflix, and relive the magic.


Point Vedra Beach, Florida Adopt-a-Dog


Breed: Collie / Mixed
Age: Adult
Sex: Female
Size: Medium
Good with dogs: Yes
Good with kids: Yes
House trained: Yes
Special Needs: No
Spay/Neutered status: Yes
Up-to-date on vaccinations: Yes
Shelter: Friends of Collies and Shelties
Location: Ponte Vedra Beach, FL 32082

Please contact Barb ( for more information about this pet.

"I am DIXIE BELLE, a sweet girl, and I love to play and must have a fenced yard. I love to talk and sleep in bed with my people. Love to chase butterfly shadows, love playing with my foster brothers and sisters and boy do I love to eat, I am full of energy so that is why I need a fenced yard cause I will just run, run, run and have fun. I love being with my people laying at your feet, got to be where my people are..... I do come when called, and sit. Would love a furever home of my own.

Please complete an APPLICATION (ask for one in email) $250 fee for dog as well as require fenced yard.

DIXIE BELLE is being fostered near Orlando.


Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet


News Briefs----

Lots of factors push mortgage rates higher

Deutsche Bank Forfeits 221 Million Euros From Monte Paschi Deal

A Look at Airline Leasing:
A New Deal Sends This Aircraft Lessor Flying Past Its Rivals

Facebook's Zuckerberg selling $2.3 billion in stock: Net $1 B

Darden will spin off or sell Red Lobster, stop expanding Olive Garden,0,5258897.story#axzz2nyjN22My

Research shows how MacBook Webcams can spy on their users without warning

The Rise of Mobile BI: Intelligence Goes on the Road

High-living wine collector who ran fake factory convicted of fraud,0,4502451.story#axzz2nsPEg2eK


• Contract Negotiations • Fraud Investigations 
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John Kenny 
Receivables Management

For flat fee or commissions basis | ph 315-866-1167|

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and background information provided by John Kenny)



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Top Products in Two Decades of Tech Reviews


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Football Poem

“A champion is one who gets up when he can't.”
Jack Dempsey

“Take pride in how far you have come; have faith in how far you can go.”

“Tough times don't last, tough people do.”

If you think you are beaten, you are.
If you think you dare not, you don't.
If you think you'd like to win, but you think you can't,
it's almost certain you won't.

If you think you'll lose, you've lost.
For out in the world you'll find,
success begins with a fellow's will.
It's all in the state of mind.

If you think you're outclassed, you are
You've got to think high to rise.
You've got to be sure of yourself,
before you can ever win a prize.

Life's battles don't always go,
to the stronger or faster man.
But sooner or later the man who wins,
is the man who thinks he can.





Sports Briefs----

Loss of Kobe Bryant for six weeks could lead to Lakers' gain in 2014,0,3673398.column#axzz2nylqU44K

49ers' Vernon Davis produces another special year

Cowboys OC Bill Callahan takes responsibility for Tony Romo’s game-changing interception: “It more or less falls on me”

A's owner Lew Wolff: No interest in selling

Photos: San Jose Sharks hold off St. Louis Blues


California Nuts Briefs---

The 13 weirdest S.F. Bay Area crime stories of 2013



“Gimme that Wine”

Hugh Johnson on His Life in Wine

Duckhorn Wine Company Acquires 20-acre Vineyard Site in Washington State's Acclaimed Red Mountain AVA

Why Oregon Will Fondly Remember 2011

Holiday cheer: Could we soon be shipping alcohol by mail?


Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History


1606-Three small ships, departed London, England, bound for America,
("Susan Constant", "Godspeed" and "Discovery"). Captain Christopher Newport commanded the three tiny ships, which are now on display at Jamestown village in Virginia, where the royally chartered Virginia Company's approximately 120 persons established the first permanent English settlement. They arrived May 14, 1607. When the next ship arrived a year later with additional provisions, there were no survivors. What happened is still a mystery today. It is believed that the survivors joined Indian tribes, and were not murdered or died from disease as there was no evidence to this conclusion. Most of the passengers were gentry, meaning they were not prepared for labor, farming, hunting, or surviving without any experience in unknown territory. This was not the first attempt at permanent settlement in the United States. The Norwegians, Dutch, Spanish, and perhaps even Africans, landed here and established colonies. Many of them were invaded by subsequent landings, some were assimilated into Indian life, such as in New Foundland, Florida and the islands, where it is believed Africans were the first to land in this area, including South America.
    1669-History records the first rebellion by colonists, led by Marcus Jacobson, “The Long Finne, who claimed to be the son of General Hans Christoph Konigsmark, happened against an English governor in Delaware, Governor Francis Lovelace. He was trapped and turned over to the English commandant. On December 20, 1669, he was condemned for insurrection in the first trial by jury in Delaware. He was lashed in public, branded with a letter R, and sold in chains as a slave in Barbados.
    1790 - In Pawtucket, Rhode Island, 23-year-old British subject Samuel Slater began production of the first American spinning mill. The British jealously guarded their technological superiority in the early stages of the Industrial Revolution, making it illegal for machinery, plans and even the men who built and repaired them to leave the country. After serving a 7-year mill apprenticeship in England, Slater recognized the potential offered in America. He memorized the plans for intricate machine specifications, disguised himself as a farm worker and in 1789 sailed to a new life across the Atlantic. Slater entered into a partnership with Rhode Island merchant Moses Brown and built a small spinning mill--the equivalent of 72 spinning wheels. At first, Slater's Mill employed only a handful of children between the ages of 7 and 12, but by 1800, he had more than 100 employees. By the time of Slater's death in 1835, he owned or had an interest in 13 textile mills and left an estate of almost $700,000. From this small beginning, America's own Industrial Revolution grew.
    1803-One of the greatest real estate deals in history was completed , when more than a million square miles of the Louisiana Territory were turned over to the US by France, for a prize of about $20 per square mile. This almost doubled the size of the US, extending its western border to the Rocky Mountains.
    1820 - Missouri enacted legislation taxing placing a $1 tax “on every unmarried free white male, above the age of 21 years and under 50 years.”
    1821- The first record of a “Christmas tree” in the United States was mentioned in the diary of Matthew Zahm of Lancaster, PA., and other German immigrants to Pennsylvania brought the custom of decorated trees from their homeland. History records the first decorated tree was at Riga in Latvia, in 1510. In the early 16th century, Martin Luther is said to have decorated a small Christmas Tree with candles, to show his children how the stars twinkled through the dark night.
    1833- Birthday of Dr. Samuel A. Mudd (born near Bryantown, MD). In the hysteria of the time, he was sentenced to life imprisonment for giving medical aid to disguised John Wilkes Booth, fleeing assassin of Abraham Lincoln. Imprisoned four years before being pardoned by President Andrew Johnson. Died on Jan 10, 1883.
    1836 - A famous cold wave occurred in central Illinois. A cold front with 70 mph winds swept through at Noon dropping the temperature from 40 degrees to near zero in a matter of minutes. Many settlers froze to death. Folklore told of chickens frozen in their tracks and men frozen to saddles. Ice in streams reportedly froze to six inches in a few hours.
    1849--A major event in San Francisco as 25 women arrived on different vessels today.
    1856 -Newberry College was chartered in Newberry, SC, under Lutheran auspices. The campus moved to Walhalla, SC, in 1868, but returned to Newberry in 1877
    1860- In response to the victory of Republican Abraham Lincoln in the presidential election six weeks before, the South Carolina legislature voted to secede from the US, the first state to do so. “ ...are hereby repealed; and that the Union now subsisting between South Carolina and other States under the name of the United States of America, is hereby dissolved.” Within six weeks, five more states seceded. On February 4, 1861, representatives from the six states met at Montgomery, Alabama, to establish a government, and on February 9, Jefferson Davis was elected president of the Confederate States of America. By June 1861, 11 states had seceded from the Union.
    1868- American industrialist, businessman and founder of the Firestone Tire and Rubber Company, Harvey Samuel Firestone was born at Columbiana County, OH. A close friend of Henry Ford, Thomas Edison and John Burroughs, Firestone was also author of two books about rubber. He died at Miami Beach, FL, Feb 7, 1938.
    1880 - Broadway, New York's main thoroughfare, was illuminated by electricity for the first time, between 14th and 26th Streets.
    1881- Wesley Branch Rickey, Baseball Hall of Fame player, manager and executive born at Lucasville, OH. Rickey was baseball’s most innovative general manager. He invented the farm system, instituted unique training and teaching methods and, most prominently, signed Jackie Robinson to play major league baseball with the Brooklyn Dodgers, breaking the racial barriers against African-Americans that had existed for decades. Inducted into the Hall of Fame in 1967. Died at Columbia, MO, Dec 9, 1965.
    1886- Hazel Virginia Hotchkiss Wightman, tennis player born at Healdsburg, CA., Known as the “Queen Mother of Tennis,” Wightman was a championship player, an instructor, a benefactor and the donor of the Wightman Cup, a trophy offered for competition between teams of women players from the US and England. Died at Chestnut Hill, MA. December 5, 1974.
    1893- Georgia passed a statue against lynching, “an act to prevent mob violence in this state...” Violators were guilty of a felony punishable by imprisonment of up to 20 years. If death resulted, a murder charge could be instituted.
    1895- Susanne Langer, a leading American philosopher, author of Philosophy in a New Key: A Study in the Symbolism of Reason, Rite, and Art, was born at New York, NY. Her studies of esthetics and art exerted a profound influence on thinking in the fields of psychology, philosophy and the social sciences. She died at Old Lyme, CT, July 17, 1985.
    1907-Birthday of lyricist Paul Francis Webster, New York City. Died March 22, 1874, Los Angeles, CA.,+Paul+Francis
    1914 - The high temperature of 28 degrees at Atlanta, GA, was their earliest daily high below the freezing mark.
    1918-Birthday of saxophone player John Hardee, Corsicana, TX. “Hardee was a multi-instrumentalist who played piano, mellophone, C-melody saxophone, alto, and tenor sax. He worked with Don Albert as a tenor player before returning to college. After graduation, he worked as a band director in Texas and played the clarinet in the military band. Hardee went to New York to pursue his musical career, and worked with Tiny Grimes from 1946 to 1948. Most of the work he recorded was done on 78 rpm records at the precise time that the LP format was killing off 78s as the recorded medium of choice. His work wasn't released on LP and was lost and forgotten for some time, even though his playing put him on a par with Coleman Hawkins and Ben Webster. So what happened? Basically a crisis of self-confidence. The jazz scene in New York was extremely competitive at the time, and Hardee simply didn't have the stomach for it. He felt that he could have filled the chair vacated by Ben Webster in the Duke Ellington orchestra, and the recorded evidence, now available on CD, supports that assertion. I strongly recommend either the Chronological Jazz Series release “John Hardee: 1946-1948” or the EMI import “John Hardee Swingtettes: Tired.” We're very lucky to have these performances saved and available for our pleasure. Had Hardee continued to be part of the New York scene he would undoubtedly have become a major tenor player whose contribution and influence would still be widely discussed. Hardee returned to Texas, teaching in Dallas for most of the rest of his life. No doubt he passed on a lot of wisdom to the kids who learned music from him.” Marshall Bowden
    1920 - An English-born comedian Leslie Downes, who would later be known as Bob Hope, became an American citizen today. Having lived in the United States since 1908, he became one of the nation's true ambassadors for show business and charity.
    1938- The kinescope, today known as the cathode-ray tube, was patented by Russian immigrant Vladimir Zworykin. It is still used today in computer monitors and television sets.
    1939-Birthday of singer Kim Weston, Detroit, MI
    1940- Tony Pastor records “Paradiddle Joe.” Bluebird 11008)
    1942 - An early cold wave sent the temperature plunging to 3 degrees below zero at Nantucket, MA, and to 11 degrees below zero at Boston MA.
    1942-Birthday of piano player Larry Willis, New York City
    1943-VOSLER, FORREST T. (Air Mission) Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army Air Corps. 358th Bomber Squadron, 303d Bomber Group. Place and date. Over Bremen, Germany, 20 December 1943. Entered service at: Rochester, N.Y. Born: 29 July 1923, Lyndonville, N.Y. G.O. No.: 73, 6 September 1944. Citation: For conspicuous gallantry in action against the enemy above and beyond the call of duty while serving as a radio operator-air gunner on a heavy bombardment aircraft in a mission over Bremen, Germany, on 20 December 1943. After bombing the target, the aircraft in which T/Sgt. Vosler was serving was severely damaged by antiaircraft fire, forced out of formation, and immediately subjected to repeated vicious attacks by enemy fighters. Early in the engagement a 20-mm. cannon shell exploded in the radio compartment, painfully wounding T/Sgt. Vosler in the legs and thighs. At about the same time a direct hit on the tail of the ship seriously wounded the tail gunner and rendered the tail guns inoperative. Realizing the great need for firepower in protecting the vulnerable tail of the ship, T/Sgt. Vosler, with grim determination, kept up a steady stream of deadly fire. Shortly thereafter another 20-mm. enemy shell exploded, wounding T/Sgt. Vosler in the chest and about the face. Pieces of metal lodged in both eyes, impairing his vision to such an extent that he could only distinguish blurred shapes. Displaying remarkable tenacity and courage, he kept firing his guns and declined to take first-aid treatment. The radio equipment had been rendered inoperative during the battle, and when the pilot announced that he would have to ditch, although unable to see and working entirely by touch, T/Sgt. Vosler finally got the set operating and sent out distress signals despite several lapses into unconsciousness. When the ship ditched, T/Sgt. Vosler managed to get out on the wing by himself and hold the wounded tail gunner from slipping off until the other crewmembers could help them into the dinghy. T/Sgt. Vosler's actions on this occasion were an inspiration to all serving with him. The extraordinary courage, coolness, and skill he displayed in the face of great odds, when handicapped by injuries that would have incapacitated the average crewmember, were outstanding
    1945- Eddie Condon’s club opens in the Village, New York City.
    1949 - Harry Belafonte recorded his second session at Capitol Records, waxing the songs "Whispering" and "Farewell to Arms". With eight songs recorded and little enthusiasm from record buyers, Capitol decided not to renew the singer’s contract. He relocated to RCA Victor in April, 1952 where he enjoyed a successful career.
    1949—Top Hits
I Can Dream, Can’t I? - The Tommy Dorsey Orchestra (vocal: Jack Leonard)
Rudolph, the Red-Nosed Reindeer - Gene Autry
White Christmas - Bing Crosby
Mule Train - Tennessee Ernie Ford
    1952 - Jimmy Boyd hit #1 on the record charts with the Christmas song of the year, “I Saw Mommy Kissing Santa Claus.”
    1954 - The Buick Motor Company signed Jackie Gleason to one of the largest contracts ever with an entertainer. Gleason would produce 78 half-hour long shows over two years for $6,142,500.
    1956-The Montgomery Bus Boycott came to an end when the US Supreme Court ruling of Nov 13,1956, calling for integration of the Montgomery, AL, public bus system, was implemented. Since Dec 5, 1955, the black community of Montgomery had refused to ride on the segregated buses. The boycott was in reaction to the Dec 1, 1955, arrest of Rosa Parks for refusing to relinquish her seat on a Montgomery bus to a white man.
    1957—Top Hits
Jailhouse Rock - Elvis Presley
Jingle Bell Rock - Bobby Helms
At the Hop - Danny & The Juniors
My Special Angel - Bobby Helms
    1957-Just five days before Christmas, Elvis received his draft notice from the US Army. He later told reporters that it's a "duty I've got to fill and I'm going to do it." He will be inducted at the Memphis Draft Board in March of 1958 and assigned to Fort Hood, Texas for basic training for six months.
    1961-Birthday of Dallas Cowboy premier lineman Nathaniel “Nate” Newton, Jr.
    1965- “The Dating Game” premiered on TV. Another game show developed by Chuck Barris, it typically featured a “bachelorette” who questioned three men who were hidden from her view and decided, based on their answers, which guy appealed to her the most. The couple was then sent on a date, courtesy of the show. Occasionally, a bachelor would question three women. Jim Lange was the host of the network series and two syndicated ones. Elaine Joyce and Jeff MacGregor hosted one season each on the retitled “The New Dating Game.”
    1965—Top Hits
Turn! Turn! Turn! - The Byrds
Over and Over - The Dave Clark Five
I Got You (I Feel Good) - James Brown
Make the World Go Away - Eddy Arnold
    1966- The NBA granted a franchise to Seattle for the 1967-68 season. The SuperSonics, as the team was nicknamed, were joined by the San Diego Clippers, to become the league’s 11 and 12th teams.
    1966 -- Otis Redding Show opens at the Fillmore Auditorium, San Francisco, California.
    1967-The Hollies' "He Ain't Heavy (He's My Brother)" is released.
    1969 – “Leaving on a Jet Plane”, recorded by Peter, Paul and Mary, jumped
into the Number 1 spot on this date on Billboard's Top 40 record charts and was in the top slot for one week.
    1973—Top Hits
The Most Beautiful Girl - Charlie Rich
Goodbye Yellow Brick Road - Elton John
Time in a Bottle - Jim Croce
Amazing Love - Charley Pride
    1973 –It is rare that we bring up a person passing away… Multi-talented entertainer Bobby Darin, born in The Bronx as Walden Robert Cassotto, best remembered for his Grammy-winning single, “Mack the Knife”, died at age 37 at Cedars of Lebanon Hospital in Los Angeles while undergoing surgery to remove two malfunctioning artificial valves in his heart. According to the biography written by son Dodd, Darin's hospitalization and subsequent death was brought on by not taking prescribed antibiotics before a teeth-cleaning procedure. Darin had a history of heart problems. [It is rumored is that he was born with a rheumatic heart and he knew he would die young.] He did not die of a spinal infection as is commonly rumored. He left a legacy of memories in rock ’n’ roll and pop tunes, as well as on television and in movies (even an Oscar nomination for his role in "Captain Newman, M.D."). The story of Darin being groomed to replace Frank Sinatra at Capitol Records is absolutely true. Unfortunately, Capitol didn’t think the grooming was going so well, and withheld many of Darin’s songs for many years; releasing them in a compilation CD in 1995. Good stuff to listen to: "Splish Splash", "Queen of the Hop", "Dream Lover", "Mack the Knife", "Beyond the Sea", "If I Were a Carpenter", etc. At the end, Darin, who had recorded for Atco, Capitol and Atlantic Records had just begun recording for Motown.
    1975 - Paul Simon’s "50 Ways to Leave Your Lover" jumped on U.S. singles charts. It hit number one (for three weeks) Feb 7, 1976. For you trivia fans out there, this is Paul Simon’s only #1 single (so far). “Just slip out the back, Jack; Make a new plan, Stan; You don't need to be coy, Roy; Just get yourself free...”
    1975--Eric Carmen's "All By Myself" is released.
    1975 -- Buffalo's O.J. Simpson scores a touchdown (vs. Minnesota) in his 14th straight game. The streak started against the New York Jets on Sept. 21. He was a great football player, but most likely a murderer, nevertheless.
    1979 – “Knots Landing” debuted on CBS, starring Ted Shackelford and Joan Van Ark as Gary and Valene Ewing.
    1980 - Television experimented with football when NBC covered the meaningless NFL game between the New York Jets (4-11) and the Miami Dolphins (8-7) with no announcers in the booth. The only thing heard were field noises and spectators as the pictures tried to get across the emotion of the game. The next day headlines read, "Jets Silence Dolphins 24-17."
    1983 - Joe Gibbs of the Washington Redskins was named NFL Coach of the Year by the Associated Press. He became the first head coach to receive this honor in consecutive years since 1961-62 (when Allie Sherman, of the New York Giants, was so honored). Joe Gibbs took the Redskins to a 14-2 finish in the 1983 season.
    1981—Top Hits
Physical - Olivia Newton-John
Waiting for a Girl like You - Foreigner
Let’s Groove - Earth, Wind & Fire
All Roads Lead to You - Steve Wariner
    1983- Guy Lafleur of the Montreal Canadians scored the 500th goal of his career in a 6-0 victory over the New York Rangers. Lafleur played 17 years in the NHL and finished his career with 560 regular-season goals.
    1985- Denis Potvin of the New York Islanders assisted on Mike Bossy’s goal against the New York Rangers to earn the 916th point of his career, breaking Bobby Orr’s NHL record for the most career points by a defenseman
    1985 - Robert Penn Warren was designated Poet Laureate Consultant in Poetry of the U.S. Library of Congress for 1986-1987. The library has used consultants since 1937, when Joseph Auslander was appointed the first Consultant in Poetry, but Robert Penn Warren was the first to be called Poet Laureate Consultant in Poetry.
    1986 - The Bangles’ "Walk like an Egyptian" moved to the top of the "Billboard" "Hot 100". It was #1 for three weeks. “Foreign types with the hookah pipes say; Ay oh whey oh, ay oh whey oh; Walk like an Egyptian...”
    1987 - Heavy snow fell in the northern mountains of Colorado, with 15 inches reported in the Mary Jane ski area. Strong and gusty winds prevailed from the Northern High Plains to the Great Lakes. Winds gusted to 54 mph at Buffalo NY, and reached 66 mph at Livingston MT. Rain, freezing rain, sleet and snow fell across New England, with up to seven inches of snow in Maine.
    1988 - Warner Chappell, a division of Warner Communications and the largest music publisher in the world, agreed to pay $25 million for the song "Happy Birthday to You." The song, owned by Birchtree Ltd., reportedly generated $1 million a year in royalty fees. The copyright would expire after the year 2010 and is expected to fall into the public domain. The melody of probably the most often sung song in the world was composed by Mildred J. Hill, a schoolteacher. Her younger sister Patty Hill was the author of the lyrics which were first published in 1893 as “Good Morning to All, “ a classroom greeting published in the book Songs Stories for the Sunday School.” The lyrics were amended in 1924 to include a stanza beginning “Happy Birthday to You.” Now it is sung somewhere in the world every minute of the day, although the authors are believed to have earned very little from song. Mildred Hill died at Chicago, Il, June 5, 1916, without knowing that her melody would become the world’s most popular song.
    1988 - Thunderstorms developing ahead of a fast moving cold front produced severe weather in the Upper Ohio Valley and the Middle Atlantic Coast Region during the afternoon and early evening. Thunderstorm winds gusted to 69 mph at Kennedy Airport in New York City, and winds along the cold front itself gusted to 56 mph at Cincinnati OH. The same storm produced snow in Kansas, Missouri and Illinois, with eight inches reported at Rolla MO.
    1989—Top Hits
We Didn’t Start the Fire - Billy Joel
Another Day in Paradise - Phil Collins
Don’t Know Much - Linda Ronstadt (featuring Aaron Neville)
Two Dozen Roses - Shenandoah
    1989 - Brutal northwest winds ushered bitter cold arctic air into the north central U.S. International Falls, MN, and Warroad, MN, tied for honors as the cold spot in the nation with morning lows of 34 degrees below zero. Minot ND reported a wind chill reading of 81 degrees below zero. Squalls produced more heavy snow in the Great Lakes Region. Erie PA received 21 inches of snow, including four inches in one hour, to bring their total snow cover to 39 inches, an all-time record for that location.
    1989-The US launched operation “Just Cause,” invading Panama in an attempt to seize Manuel Noriega and bring him to justice for narcotics trafficking. Seven months after Noriega had ruled unfavorable election results null and void, the US toppled the Noriega government and oversaw the installation of Guillermo Endara as president. Although the initial military action was declared a success, Noriega eluded capture.
He surrendered to US troops on Jan 4, 1990, and was tried, convicted and imprisoned in the US.
    1989--- Captain Linda L. Bray, 29, became the first woman to command American soldiers in battle, during the invasion of Panama by the U.S. as an MP. She was assigned to lead a force of 30 men and women soldiers to capture a kennel holding guard dogs that was defended by forces of the Panamanian Defense force. Although law forbids women in combat, the distinction between combat and military police in the Panama invasion was hazy. About 620 women were stationed in Panama before the attack and about 170 more women went to Panama in the attack. No women were killed, but 23 American men were. Eight American women lost their lives serving in Vietnam, the Army said. The 123-member 988th Military Police company commanded by Captain Bray was sent to Panama from Fort Benning, Ga. One Army officer, although stressing the difference in training between that given an MP officer such as Bray and that given combat officers added, "What has been demonstrated is the ability of women to lead, for men and women to work together as a team without distractions, and for women to react in an aggressive manner."
The official army report stated Capt. Bray was not in attendance when the initial fighting erupted, but her unit was under fire from snipers while she was on the scene. She oversaw the first stages of the operation by radio from a command center about a half-mile from the kennel. She ordered her troops to fire warning shorts after the Panamanians refused to surrender. The Panamanians replied by firing for about 10 minutes. She ordered the firing of a single warning shot and then later ordered her soldiers to fire M-60 machine guns to the side of the building so as not to hurt the Panamanians. The Panamanians continued to fire until threatened by an artillery attack and then they fled into the woods nearby. When she heard the Panamanians were escaping, she had her driver take her to the kennel to try to stop them. She crawled into a ditch to get closer to the building. No Panamanian bodies were found, but a cache of weapons was recovered.
    1989 - Low pressure brought thunderstorms and high winds to the northeastern U.S. There were 193 reports of damaging winds with thunderstorms in New York State, Pennsylvania and New Jersey. Tornadoes touched down near Seaside Park NJ and McAlevys Port PA. Winds with thunderstorms gusted to 92 mph at Poughkeepsie NY, and reached 94 mph at Newburgh NY. High winds in the Washington D.C. area, gusting to 73 mph, resulted in one death.
    1995 - "Nixon" opened in U.S. theatres. The film starred Anthony Hopkins as Richard M., Joan Allen as the president’s wife, Pat, Powers Boothe as Alexander Haig, Ed Harris as E. Howard Hunt, Bob Hoskins as J. Edgar Hoover, E.G. Marshall as John Mitchell, David Paymer as Ronald Ziegler, David Hyde Pierce as John Dean, Paul Sorvino as Henry Kissinger, Mary Steenburgen as Hannah Nixon, J.T. Walsh as John Ehrlichman, and James Woods played H.R. Haldeman.
    1996-The NBA granted a franchise to Seattle for the 1967-68 seasons. The Super Sonics, as the team was nicknamed, were joined by the San Diego Clippers, to become the league’s 11th and 12th teams as noted above.
    1998 - Green Bay’s Brett Favre connected three times with Antonio Freeman in the first half against the Tennessee Oilers, soon to be renamed Titans, en route to a 30-22 victory this day. In doing so, Favre became the first quarterback in NFL history to pass for 30 or more touchdowns in five consecutive seasons (33 in 1994, 38 in 1995, 39 in 1996, 35 in 1997, and 30 in 1998).
    1998- President Bill Clinton was impeached by a House of Representatives that was divided along party lines. He was charged with perjury and obstruction of justice stemming from a sexual relationship with a White House intern. He was then tried by the Senate in January 1999. On Feb 12, 1999, the Senate acquitted him on both charges. Clinton was only the second US president to undergo impeachment proceedings. He did not run for re-election because he had served the maximum two terms as president. His wife Hillary was elected to the U.S. Senate from New York.
    1998-Snowflakes fell in San Francisco and low temperature records were made around the Bay with 40 degrees in SF and 35 in Fremont.
    2002-Money making figures for 2002's top grossing Rock artists were as follows:
Paul McCartney - $126.1 million
The Rolling Stones - $90 million
Cher - $67.6 million
Neil Diamond - $52.2 million
Britney Spears - $43.7 million
Aerosmith - $36.3 million
Eagles - $34.9 million
'N Sync - $33 million
The top grossing country artist was Kenny Chesney at $22.7 million.
    2003- "The Diary of Alicia Keys" gives the young R&B sensation her second No. 1 debut on The Billboard 200.
    2006 - A major winter storm affected Colorado, dumping several feet of snow on areas of the Rocky Mountains. The snowstorm temporarily closed the Denver International Airport.
    2009-The top 10 most-played holiday songs in the ASCAP repertory this holiday season are:
1. "Sleigh Ride" (Leroy Anderson, Mitchell Parish) - played 118,918 times
2."Jingle Bell Rock" (Joseph Carleton Beal, James Roth Boothe) - played 118,601 times
3."It's the Most Wonderful Time of the Year" (Edward Pola, George Wyle) - played 101,614 times
4. "White Christmas" (Irving Berlin) - played 89,348 times
5. "Winter Wonderland" (Felix Bernard, Richard B. Smith) - played 77,599 times
6. "The Christmas Song" (Chestnuts Roasting on an Open Fire) (Mel Tormé, Robert Wells) - played 74,360 times.
7. "A Holly Jolly Christmas" (Johnny Marks) - played 57,948 times
8. "Little Drummer Boy" (Katherine K. Davis, Henry V. Onorati, Harry Simeone) - played 55,617 times.
9. "Feliz Navidad" (José Feliciano) - played 51,072 times
10. "Frosty the Snowman" (Steve Nelson, Walter E. Rollins) - played 51,068 times
    2011--Grammy organizers announced that Diana Ross, Glen Campbell, The Allman Brothers Band and The Memphis Horns would receive Lifetime Achievement Awards at the 2012 ceremony.



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