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Leasing News is a web site that posts information, news, and
entertainment for the commercial bank, finance and leasing industry

Monday, February 23, 2015

Today's Equipment Leasing Headlines

Placard---If Your Dog Doesn’t Like Someone
   Classified Ads---Credit
    Top Stories:  February 17-February 19
     Opened Most by Readers of Leasing News
The Changing Landscape of Equipment Leasing
  by Christopher Menkin
“What is the purpose of working with a recruiter?”
Career Crossroad---By Emily Fitzpatrick/RII
  Leasing Industry Ads---Help Wanted
 Chart--Do You Plan to Buy a Smartwatch
   to Pair with Your New Phone?
    Tom McCurnin, Leasing News Legal Editor
      Leasing News Advisor
   Site Inspection Services
Lease Conferences—Update plus Coming Up
Investors' Conference March 12/NEFA Summit March 18
  Leasing 102 by Mr. Terry Winders, CLFP
   How much do you know about leasing?
 Equipment Leasing and Finance Association Forecasts
  the following Top 10 Equipment Acquisition Trends for 2015
   Labrador Retriever
    Los Angeles, California   Adopt-a-Dog
       Classified ads—
News Briefs---
Mortgage rates hit high for 2015 so far
 FBI Says U.S. Banks Weren’t Hacked
  Santander/Deutsche Bank Expected to Fail Fed’s Stress Test
   Santa Rosa, CA Exchange Bank increasing dividend again
    Sale of 1,100 Radio Shack Leases Approved
     Red Robin Signs Deal for Tabletop Tablets
      FTC Challenges Proposed Merger of Sysco and US Foods
       Except for Oakland, West Coast Seaports in Full Operation
   FDIC report: Branch Banking Remains Prevalent Despite
    the Growth of Online and Mobile Banking  (14 pages)
 USA Technologies Reports 21% Q2 Revenue Increase,
   Inks Equipment Leasing Deal for Apple Pay plus others
     HSBC confirms its chief holds Swiss bank account
      2015 Oscars recap
       Oscars Best and Worst Moments

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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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----

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                                         ---Compliments of Terry Waggoner   





Classified Ads---Credit

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

Will relocate for the right opportunity and can work remotely. I have (25+) years in making credit decisions, as well as helping sales team and third party originators close more transactions via understanding their applicant's financial abilities. I can create alternative or additional opportunities (and income) by knowing which type of loan is best for the borrower

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Free Posting for those seeking employment in Leasing

All “free” categories “job wanted” ads:



Top Stories:  February 17-February 19
Opened Most by Readers of Leasing News

(1)    Correction:
 Headline Left Out of Constant Contact Version
   EAR President Mark Anstett Pleads Guilty
      Sentencing Set for April 30, 2015

(2) Leasing 102 Mr. Terry Winders, CLFP
          TRAC Leasing

(3) New Hires---Promotions in the Leasing Industry

(4) Pictures from the Past
    1994 - Two Shannons

(5) Second Black Bank Closes this Year
   Financial Difficulties Coming to Light
By Christopher Menkin

(6) Sales Make it Happen by Kit Menkin
            Hide that Chair!

(7) EAR and Leasing Innovations
          by Christopher Menkin

(8) 3 Banks That May Not Survive 2015

(9) Lendio to Partner with Staples on Small Business Lending

(10) The country’s last black-owned banks are in a fight
      for their survival





The Changing Landscape of Equipment Leasing
by Christopher Menkin

There is a definite trend happening as evidenced in many places, including advertising here in Leasing News. In the late 1960's and early 1970's, the trend was moving away from companies such as CIT, Westinghouse, to name a few, who were doing 25% down on 36 month terms to "B" and "C" credit.  "A" credits in the large dollar amount were going with operating leases from bank operating lessors. The turnabout came with companies like AT&T, Foothill, Denrich, doing first and 10% (the purchase option paid as a security deposit) and terms up to 60 months, resulting in lower payments.  Buy rates were 18%.

Small ticket Buy-rates were 21% and higher on September 18, 1973, when Federal Prime Rates went to 10% (July 8, 1974, it hit 12%.) The sell rates didn't slow down leasing as the customers needed the equipment as well as working capital. Thus business working capital loans by third parties today is taking the slack from bank business lending, where four out of five applicants are turned down, according to SNL Financial statistics. Where do they go?

Thus the name changes of leasing associations as well as companies
either eliminating leasing to their name, becoming "Capital" or "Financial."

In addition, the trend has been to Equipment Finance Agreements (EFA). A good example of this is in a press release from a 23-year-old Brookfield, Wisconsin Company:

"Advantage Leasing Corporation has changed its trade name to Advantage+. The change was concurrent with the company’s introduction of a new business loan product (Equipment Financing Agreement). The name Advantage+ is designed to reflect that the company offers multiple financial products. Vice President Mike Elton explained, “We wanted our company’s name to better depict that we offer lease financing plus loans and other services.”

"An Equipment Finance Agreement (EFA) is a fixed-rate loan with regular periodic payments.  It allows borrowers to finance equipment and related costs. EFAs can cover equipment, shipping, installation, software, and startup costs. And EFAs don’t require advance payments, which further reduces borrowers’ upfront cash needs. Other benefits include options to pre-pay without penalty, add subsequent loans, and change terms midstream.

“Although our trade name has changed, our small business focus has not.  Advantage+ will continue to offer equipment leases, but we believe most borrowers and vendors will prefer EFAs to finance $2,000 to $200,000.

"As a direct lender, all loans are self-funded and retained in-house. The company has lent nearly a half-billion dollars to over 20,000 businesses...”

Many companies still are taking first and last with an Equipment Finance Agreement to increase their yield, as well as charging an interim loan payment to meet the supposed starting date. Most companies do charge interim lease payments, by the way; one that does not that come to mind is First Federal Leasing, Richmond, Indiana.

Many of the Equipment Leasing Finance agreements also use a purchase option, even when the contract says they own the equipment at the end. There are three such complaints regarding Mike Price and Radiance Capital, Tacoma, Washington, on the Leasing News Complaint Bulletin Board (1), as well as one in the pike regarding a $150,000 EFA that did not go through, but the broker has not returned the deposit. It may be common to add a balloon payment, but the EFA has to be worded differently and the balloon payment document cannot be labeled a "purchase option."

Leasing News has seen demands for extra payments on EFA's, even when the document does not include an "Evergreen Clause."

Perhaps many of those customers who are sold on an EFA were burned on $1.00 purchase options become "fair market value" or making extra payments due to not informing the lessor about the purchase option (even when it is a $1.00; several of these complaints on the Leasing News Bulletin Board).

The point is that EFA's are becoming more and more popular, and working capital loans (some used for purchasing equipment) are available. Those processing also don’t have to run site inspections, can add insurance if none is provided, no personal property reports, or worry about warranty or other issues as they are not the owner of the equipment.

The bonus for all is reportedly the customer repeats, many with relief after being turned down by the bank. And the third party originator, who has little work to do compared to all the paperwork and process of leasing, also gets protection and when the working capital customer renews, similar to the practice in factoring, the originator gets a full commission on the repeat business, such as advertised by Channel Partners.  Many view the working capital loans as a “having a resemblance” of factoring without relying on invoices.

Sounds like a win-win process that is definitely becoming more popular and beneficial to all parties involved.

Prime Rate History


  1. Reliance Capital Three EFA Complaints



“What is the purpose of working with a recruiter?”
Career Crossroads---By Emily Fitzpatrick/RII


Q: I am thinking of exploring new opportunities, what is the purpose of working with a recruiter?

A:  Think as a recruiter, AKA a headhunter, as an alliance in the field.  Recruiters are typically paid by companies to help them fill positions and as such, many are loyal to the companies they service. 

Our thinking at RII is that the recruiter should be just as loyal to the Candidates they work with.  A recruiter should understand your career objectives and goals – making sure (though there are never any guarantees) that your next employer is one that you will be with for years to come. 

In response to your question, Recruiters can assist you in many ways including:  presenting opportunities that you might otherwise not know about, staying abreast of market trends and keeping “ears” open for opportunities that would fit your needs and background, walking you through the interview process, working with you and the company in salary negotiations and most importantly making sure there is a good long-term fit for both parties.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns



Leasing Industry Ads---Help Wanted


Help Wanted ads in Leasing News Work---Give us a try.
Contact: 408-354-7967


Note: Though Apple Watch and Android Wear watches offer similar functionality, only Apple’s watch will also support Apple Pay, the company’s new mobile payments platform that will let iPhone owners pay for goods with their wrists.

Apple CEO Tim Cook has confirmed the Apple Watch will start shipping in April during the company's first quarterly results call of the year. Entry level price will be $249 with other "models" costing more. Of course, the attractive nature of the watch will have an impact.

When the first digital watches came out, the claim was they would replace all other watches, although in this case it may become a wearable feature as well as keeping your "old" watch on your other wrist.


Tom McCurnin
Leasing News Advisor
Leasing News Legal Editor

Mr. McCurnin has written over 100 articles for Leasing News, as well as for many years contributed to other media, including major newspapers as well as bank and law publications. He also has represented and appeared for Leasing News as pro bono attorney for several years. He is the number one legal consultant for news stories and general business matters serving as our Paladin.

Tom McCurnin

Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
D irect Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832

Recent Trial Experience:

  • Successfully defended major California bank on midnight deadline case
  • Successfully defended major California bank on forged endorsement claim
  • Prosecuted RICO action on behalf of major national commercial finance company recovering over $1 million dollars
  • Successfully defended real estate trust on consumer notice issue
  • Successfully defended major California manufacturer on products liability action
  • Prosecuted numerous actions on behalf of equipment lessors
  • Defended Trade Secret Case
  • Defended Usury Claim

Before becoming a principal partner with Barton, Klugman & Oetting, he worked as an inside attorney for Rockford Industries and American Express Business Finance.

He is a member of the State Bar of California; Federal Bar Association; The Association of Trial Lawyers of America; Financial Lawyers Conference-Los Angeles; Independent Bankers Association; California Bankers Association; Los Angeles Commercial Law Committee.

Law School: Drake University (J.D., 1975) 
College: University of Iowa (B.A., 1972)

He is an accomplished musician, world traveler, as well as active in animal rescue, particularly Labrador Retrievers. His main hobbies are Class V White Water River Rafting, Wilderness Canoeing and Camping, Woodworking and Home Building, Historic Home Renovation, Muscle Car Restoration, Labrador Retriever Rescue Foundation.



Site Inspection Services

Asset Appraisals Services Funding Inspection Services, LLC
Bee-Line Corporation Inspection Services
C. and A. Courier Inspection Services
C&C Asset management, Inc. QuikTrak, Inc.
Collateral Specialists Inc. RTR Services, Inc.
Douglas Guardian Services Corp. Railroad Technology Corporation
Dover Management Group, Inc.  

Full List:



Investors’ Conference March 12/NEFA Summit March 18

Leasing Conferences 2015
Save the Date 



Sponsors & Exhibitors




2015 National Equipment Finance Assoc. Summit
3/18/2015 to 3/20/2015

Wednesday through Friday

Renaissance Long Beach Hotel
111 East Ocean Boulevard
Long Beach, California  90802
United States


Kim King
Phone: 847-380-5053

Event Schedule:

Exhibitors to Date:


The Women in Leasing LinkedIn Group would like to cordially invite you to our March luncheon at Parker’s Lighthouse in Long Beach, California, on Wednesday March 18th from 1:00pm – 3:00pm. The lunch is being co-sponsored by ECS Financial Services and Financial Pacific Leasing.

If you would like to attend please RSVP by March 9th to Shari Lipski at 847.897.1711 or via



27th Annual National Funding Conference
4/21/2015 - 4/23/2015
Fairmont Hotel Chicago
Chicago, IL


Registration Form:

Funding Source Exhibitors as of February 6, 2015:
Ascentium Capital LLC
ATEL Capital Corp
Banc of California
Bank of the West
Baytree Financial Group
BMO Harris Equipment Finance Company
Boston Financial & Equity Corporation
Chase Equipment Finance
EverBank Commercial Finance
Financial Pacific Leasing, Inc., an Umpqua Bank Company
First American Equipment Finance, a City National Bank Company
First Bank of Highland Park
Fuyo General Lease (USA) Inc.
Huntington Equipment Finance
Key Equipment Finance
Nations Equipment Finance LLC
NXT Capital
People's Capital and Leasing Corp
Quick Bridge Funding
SCG Capital Corporation
Securcor Financial Group
Signature Financial
Sterling National Bank Equipment Finance
TCF Equipment Finance

For more information about this event, you may contact Lesley Sterling at (202)238-3435




Confirmed Speakers/Registration




The Public Sector Finance Forum is a joint venture of the Association for Governmental Leasing and Financing and the Equipment Leasing Finance Association.  The 2015 Forum will be held at the Sheraton Denver Downtown Hotel in Denver, CO on May 6 through May 8, 2015.


8th China Leasing Summit 2015
June 10-12, 2015
Crowne Plaza Beijing Chaoyang U-Town.

The event is strongly supported by leading companies 
and international leasing association.

The China Leasing Summit is based on over 10 years’ of research into the Chinese leasing industry and will provide an effective platform on which attendees can familiarize themselves with the current status of the market and the latest policies and regulations in order to gain a better understanding of China’s leasing market, thereby optimizing their development strategies. Furthermore, speakers from the government, as well as from the leading leasing companies, will share their invaluable experiences and opinions on the state of China’s leasing industry.

For more information, please go here:



2015 Eastern Regional Meeting
September 11-12, 2015
Atlanta Marriott Marquis
Atlanta, GA





2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA



2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX



71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX



Leasing 102 by Mr. Terry Winders, CLFP

How much do you know about leasing?

(Terry retired January 1, 2015.  To honor him and his many years of writing for readers of Leasing News, in the next few months we will bring up columns he has written that are still meaningful today --as most of them are. This is from February 25, 2008. Editor)

How much do you know about leasing?
(True & False, Multiple Answers. At the end, a link to the answers.)
Here are a few questions on facts you should know about commercial equipment leasing. See how well you do. If you cannot answer at least 90% of the questions correctly and explain your correct answers to someone else …… then you need to order the CLFP Handbook.

Please copy and paste in Word, and then mark your answer
(If you don’t have time now, save for later in Word):

Mark (T)rue or (F)alse

A Sales Type Lease is a Lessee classification for accounting purposes
[ ] Advance is the term used in equipment leasing referred to a situation in which the lessee uses the equipment before it is paid for.
[ ] Depreciation is the Federal Governments way to allow business to recover capital investment. 
[ ] A Lessee is allowed to trade in equipment if it is looked at as 
advanced rent.
[ ] No rule or regulation requires a lessor to assume a residual.
[ ] A well-drafted lease requires the lessor to purchase and maintain insurance on all leased assets throughout the lease term.
[ ] The yield in an equipment lease is the value of all cash flows reduced to a return on investment expressed in an annual interest percentage.
[ ] A sales person can offer a $1 purchase option if the lease says Fair Market Value 
[ ] The stream rate for the lessee will always include the lessors’ assumed residual
[ ] Upon signing a Master Lease Agreement, a lessee is obligated to lease equipment, even if there has been no acceptance certificate signed.
[ ] All cash fees or rentals collected prior to the start of a lease will lower the lessor's investment in the equipment for yield purposes.
[ ] The accounting term operating lease refers to a lease listed like a loan on the balance sheet of the lessee..
[ ] Equipment leases generally allow lessees to sub-lease the equipment without the permission of the Lessor.
[ ] An operating lease allows the lessee to freely operate the equipment in any manner necessary to complete the job.
[ ] A Capital Lease for the Lessee means it is a loan for Income tax purposes.

Multiple Choice (mark best Answer)

What obligation does a lessee have upon signing a master lease agreement?
[ ] To pay rent
[ ] To provide insurance upon possession
[ ] To maintain or repair equipment
[ ] To send purchase order
[ ] To pay sales tax

In what instance may a lessee discontinue rent payment to the lessor?
[ ] If the lessee is going through a bad financial period.
[ ] If the lessee is not satisfied with the equipment.
[ ] If the vendor is unavailable to fix the equipment.
[ ] Under no circumstances.

Stipulated loss value in an equipment lease is:
[ ] The unpaid balance on the equipment lease.
[ ] The unpaid balance on the equipment lease plus the rental.
[ ] The necessary amount of funds to make the lessor whole with the original yield.
[ ] The difference between the salvage value of the equipment and the amount paid by the insurance company.
Which article of the Uniform Commercial Code applies to True leases?
[ ] 2
[ ] 2A
[ ] 9
[ ] All of the above.

The required insurance endorsements for a true lease are:
[ ] "Additional Insured" for liability and "loss payee" for physical damage.
[ ] "Loss payee" for liability and "additional insured" for physical damage.
[ ] "Umbrella coverage" on the lessee's policy.
[ ] "Umbrella coverage" for physical damage and "loss payee" for liability.
[ ] Naming the Lessor as the owner.

The Fair Market Value of equipment is defined as:
[ ] The price that a willing seller and willing buyer negotiate in a closed marketplace.
[ ] The price that a willing seller and willing buyer negotiate in an open marketplace.
[ ] The rule established by the lessor after consulting the amount necessary to make a profit from the sale of the residual.
[ ] The amount that covers the lessor's residual and the 20% markup required to make the purchase option a true lease.
The effect of collecting advance rents will:
[ ] Increase the lessor's yield or decrease the lessee's rents.
[ ] Increase the lessee's rents or decrease the lessor's yield.
[ ] Decrease the original cost of the equipment.
[ ] Increase the stream rate.
[ ] Provide a down payment.

A purchase order from the lessor to the vendor should not contain:
[ ] A requirement that allows lessee or lessor to request warrantees
[ ] That the sale be free of all liens and encumbrances
[ ] Payment will be made in 10 days if equipment rejected.
[ ] Purchase price
[ ] Deliver equipment to lessee

An equipment lease for Federal income tax must be:
[ ] For 100% of the equipment useful life.
[ ] For a single or special purpose.
[ ] For less than the depreciable life.
[ ] Non cancelable.
[ ] None of the above.

The U.S. Internal Revenue Service defines personal property that 
can be leased as:
[ ] Special purpose.
[ ] Multi-use purpose.
[ ] Inventory only.
[ ] Consumables.
[ ] All of the above.

A Purchase Option is:
[ ] A mandatory requirement for Lessee.
[ ] Requires the Lessor to assume a residual.
[ ] Required by income tax law
[ ] Required by the UCC
[ ] None of the above

Which of the following is not a type of lease?
[ ] Capital
[ ] True
[ ] Operating
[ ] Super

Which of the following is not a true lease tax rule?
[ ] The term of the lease cannot exceed 80% of the useful life.
[ ] The lessee must have a bargain purchase option.
[ ] The lessee may not have an equity interest in the equipment.
[ ] The rentals plus the purchase option may not equal what the lessee could have received from a loan with a balloon.

The asset class life is:
[ ] The IRS determination of the use of the equipment.
[ ] The UCC bracket for filing.
[ ] The longest term you can lease the equipment.
[ ] The comptroller’s control on bank lease terms.

Which of the following is not a true lease legal rule?
[ ] The term of the lease cannot exceed 80% of the useful life.
[ ] The lessee must have a bargain purchase option.
[ ] The lessee may have an option to renew the lease.
[ ] The lessee assumes the risk of loss.

Which of following is not an accounting rule for classification purposes?
[ ] Automatically pass title or ownership at termination
[ ] No bargain purchase option
[ ] Term exceeds 75% of useful life
[ ] No equity in equipment
[ ] Net present value equal to or greater than 90%

The word residual on an equipment lease means:
[ ] The balance to be leased after the down payment.
[ ] The remaining unpaid rentals due according to the lease.
[ ] The lessor’s unrecovered investment at lease termination 
[ ] The purchase option offered to the customer at lease termination.

To be effective as a purchase money security interest, a UCC-1 Financing Statement, must be filed with-in 20 days after?

[ ] Delivery/Possession of the first piece
[ ] Date the proposal is signed
[ ] Date the lease is signed
[ ] Date the Lessee signed the Acceptance Certificate

Which one of the following documents is not involved in a true lease?
[ ] Vendor Invoice
[ ] Purchase order
[ ] Security Agreement
[ ] Acceptance agreement
[ ] Lease agreement

In a tax lease, the lessor's yield is composed of:
[ ] The lessee's implicit rate only.
[ ] Rents, fees, residual and tax deductions.
[ ] Rents, implicit rate and taxes.
[ ] Tax advantage and residual.

Match the rule to its purpose
[ ] Revenue Ruling 55-540         A. Legal Rules.

[ ] Revenue Procedure 01-28     B. Tax rules for 
non- leverage leases 
[ ] SFAS No. 13                       C. Tax rules for leverage leases 

[ ] Uniform Commercial Code 2A  D. Accounting rules for leases 
[ ] Comptroller of the Currency   E. National Bank Rules 

[ ] Regulatory "Y"                     F. Bank Holding Co. Rules



Terry often recommended readers purchase this book
to learn more about leasing:

List Price: $59.95
To Order:
Volume discounts may be available by contacting:

Previous #102 Columns:


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

Equipment Leasing and Finance Association Forecasts
the following Top 10 Equipment Acquisition Trends for 2015

  1. Investment in equipment and software will reach an all-time high in 2015.

As the U.S. economy continues to improve, business investment is forecast to reach a record $1.484 trillion in 2015. As business investment grows, demand for equipment financing will increase.

  1. Businesses will invest in equipment not just to replace aging assets, but also to aid in expansion.

The pent-up replacement demand that has driven equipment investment in previous years may be supplemented by long-awaited expansion investment as capacity utilization rates in some industries reach or surpass levels historically known to spur business investment. Industries poised for investment growth include oil and gas extraction and transportation equipment manufacturing.

  1. While some equipment types will see strong growth, others will moderate.

In 2014, equipment and software investment increased 9.6% in Q2 and 9.3% in Q3. Looking ahead, growth in equipment and software investment is expected to moderate somewhat, as it is unlikely to keep up the strong pace seen in Q2 and Q3. A still healthy growth rate of 6% is forecast for 2015. Aircraft, trucks and other industrial equipment are projected to be among the higher growth types, while agriculture, computers and software are expected to see slower growth.

  1. Improving market conditions will continue to increase credit supply and demand for equipment acquisitions.

As the economy steadily improves and business confidence continues to increase, credit standards should modestly loosen. The propensity to finance decreased in the wake of the financial crisis as businesses deleveraged and refrained from new business investment. Since bottoming out in 2010, the rate at which businesses finance their capital spending has grown consistently and will continue to increase in 2015 with steady economic recovery and shifts in Federal Reserve policy.

  1. Eyes will be on short-term interest rate increases.

Expectations for the Federal Reserve to raise short-term interest rates in 2015 should spur equipment investment as businesses seek to lock in equipment financing at lower rates. Despite rate increases, businesses will find that a highly competitive "buyer's market" will continue to make financing an attractive option for acquiring equipment.

  1. Businesses will use financing for a majority of their plant, equipment and software expenditures.

In 2015, 62 percent or $922 billion of investment in plant, equipment and software in the United States is expected to be financed through loans, leases and lines of credit. A majority of businesses—seven out of 10—will use at least one form of financing to acquire equipment.

  1. Advances in the use of technology will drive innovative financing options.

Equipment finance providers are streamlining their business processes and improving customer self-service capabilities using digital technologies. At the same time, some end-users are moving away from traditional equipment consumption models and toward hosted or managed services based on usage rather than total ownership. To meet customer demand and address evolving technology equipment requirements, equipment finance companies will tailor innovative financial offerings.

  1. Several "wild cards" could impact equipment acquisition decisions.

In what could be a breakout year for the U.S. economy, positive and negative external risks could affect equipment investment. Potential political gridlock, global economic weakness and geopolitical risks could be a drag on investment decisions, but GDP growth from low oil prices, a potential surge in the housing sector and sufficient capacity utilization could have firms ramping up capital expenditures.

  1. Nontraditional financing will continue to grow and play a larger role in the equipment finance industry.

As regulatory scrutiny increases and some banks' lending standards tighten for certain credits, nontraditional financing sources, such as investment bankers, venture capitalists, insurance companies, crowd funders and others, are exploring opportunities in the equipment finance sector.

  1. A final lease accounting standard will be released.

The Financial Accounting Standards Board and the International Accounting Standards Board continue to work on the lease accounting project, which will change how leases are accounted for on corporate balance sheets. A final standard is anticipated in 2015, with a possible effective date of 2018 or later. The good news is that the benefits of leasing equipment will remain intact despite the lease accounting proposal.

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

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


Labrador Retriever
Los Angeles, California   Adopt-a-Dog

Labrador Retriever

Adult: Male



Mailing Address
Dawg Squad
11209 National Blvd., #246
Los Angeles, CA 90064

Email Address

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Classified ads—

Leasing Industry Outsourcing
(Providing Services and Products)

Appraisals: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services. 
Call Chris @ 508-785-1277. 


Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround. Visit

Accounting: Dallas, TX
Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available.
Accounting: National Property Tax Compliance Services to the leasing industry. Over 80 years experience and 70 Lessors as clients. References and free quotes available
Aircraft Delivery: Seattle, WA 
Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey operation
Asset Management: Canada 
Cease Bailiff Services Incorporated:
Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security
Asset Liquidations/Sales; Ottawa, Canada;
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Asset/Recovery & Collections:
Charlotte, NC
IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or

Nationwide Seasoned anfair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management800-462-7728  

Asset/Recovery: NorthWest 
Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact
Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing
Appraisals/Asset Recovery
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
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Appraisals/Inspections – Construction & Mining Heavy Equipment, Transport, Agriculture and Manufacturing. We provide Certified Appraisal Reports, (USPAP Compliant), Inventory Inspections, Collateral Valuation, VIN and Serial Number Verification with Detailed Photos, Lessee and Vendor Site Inspections including Customized Inspections. In a Hurry? Try our Kwik-Kwote 


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News Briefs----

Mortgage rates hit high for 2015 so far

FBI Says U.S. Banks Weren’t Hacked

Santander/Deutsche Bank Expected to Fail Fed’s Stress Test

Santa Rosa, CA Exchange Bank increasing dividend again

Sale of 1,100 Radio Shack Leases Approved 

Red Robin Signs Deal for Tabletop Tablets

FTC Challenges Proposed Merger of Sysco and US Foods

Except for Oakland, West Coast Seaports in Full Operation''

FDIC report: Branch Banking Remains Prevalent Despite
  the Growth of Online and Mobile Banking  (14 pages)

HSBC confirms its chief holds Swiss bank account

USA Technologies Reports 21% Q2 Revenue Increase,
Inks Equipment Leasing Deal for Apple Pay plus others

2015 Oscars Recap

Oscars best and worst moments





--You May Have Missed It

Local Frozen Custard Shop Keeps Churning Through Snow


SparkPeople--Live Healthier and Longer

The Keys to Conquering Cholesterol
Do's and Don'ts for a Healthy Heart


Winter Poem

George Washington

February 22, 1732
Westmoreland, Virginia,
British America

December 14, 1799 (aged 67)
Mount Vernon,
Virginia, U.S.


A Nation's Hero

Winifred C. Marshall

The flags fly, the bands play;
Give him the honor due
To one who served his country well,
A leader brave and true.

First in defense and first in peace;
In our hearts, as of yore,
He holds first place, George Washington,
Our hero, evermore.



Sports Briefs----

Odds maker’s early 2015 NFL win totals: Seahawks,
Patriots lead list, Raiders bring up the rear 

Pete Carroll says he’ll miss coaching against Jim Harbaugh

Report: Chargers, Raiders joining forces on shared stadium bid in L.A.

Levi Stadium "Bird's Eye View" (:22)

A-Rod 'Dream Team' Alleges Billing Nightmare

Chargers, mayor upbeat after meeting


California Nuts Briefs---

At center of Silicon Valley Boom 2.0, San Jose remains broke

UC Tuition Hike Postponed - for Now

Vanishing water, fewer jobs, but still hope in the Central Valley

I visited the coffee shop that just raised $15 million from tech   
   investors to see what all the fuss was about


“Gimme that Wine”

Napa Valley's Oldest Vintner to Become Oldest Member
  Ever Inducted into the Prestigious Chaine des Rotisseurs

Winiarski to be special guest at In Vino Veritas

David Scurlock Inducted Into the Ohio Wine Hall of Fame

California drought could threaten water at restaurants

Beaujolais reinvents itself, with a new generation out front

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in American History

    1778 – Baron von Steuben arrived at Valley Forge to help to train the Continental Army.
    1784 - Sarah Thompson became the first American to become a countess when her father Benjamin Thompson, an American physicist born in North Woburn, Ma, was knighted as Count Rumford by King George III of England. He was a Royalist during the Revolutionary War and had command of the Queen's Horse Dragoons against the colonists. He was also created a count of the Holy Roman Empire in 1791 by Charles Philip Frederick, Duke of Bavaria. The Countess of Rumford had the privilege of residing in any country she chose and receiving half of her father's pension of 2,000 florins. American History shows him as a much despised man due to his politics and allegedly abandoned his wife and family when he fled to England. He discovered the use of heat and friction. He made numerous practical innovations, including central heating, the smokeless chimney, the kitchen oven, thermal underwear, the pressure cooker, and numerous others. In later life, he married (and then became estranged from) Lavoisier's widow Marie-Anne. Rumford was overbearingly arrogant and had no friends, as well as having a life filled with repeated cycles of rapid rises to prominence followed by equally rapid falls to penury. His abrasive personality and style are perhaps why his many innovations were not widely chronicled by historians.
    1792 - Humane Society of Massachusetts was incorporated after erecting life-saving stations for distressed mariners.
    1813 – The first raw cotton-to-cloth mill in the US was founded in Waltham, Massachusetts.
    1821 – The first pharmacology college in the US opened in Philadelphia as College of Apothecaries
    1822 – Boston incorporated as a city.
    1836 - Gen. Antonio Lopez de Santa Anna, leading several thousand Mexican troops, began besieging the Alamo mission settlement held by a force of 145 Texans led by Colonel Travis, Jim Bowie and Davy Crockett. The siege ended on March 6 with all the Texans killed.
    1847 - United States General Zachary Taylor was victorious over Mexican General Antonio Lopez de Santa Anna in the Battle of Buena Vista. The victory would catapult him to become president of the United States in 1848. The victory was responsible for his being elected president March 4, 1849, despite his unclear platform and lack of interest in politics…  Taylor died suddenly of a stomach-related illness in July 1850, ensuring he would have little impact on the sectional divide that led to civil war a decade later.
    1861 – President-elect Lincoln arrived secretly in Washington after a failed assassination attempt in Baltimore.
    1861 – Texas became the seventh state to secede from the Union.
    1868 - William Edward Burghardt Dubois’ birthday, American educator and leader of the movement for black equality. Born at Great Barrington, MA, he died at Accra, Ghana on Aug 27, 1963. “The cost of liberty”, he wrote in 1909, “is less than the price of repression.”
    1883 – Alabama enacted the nation’s first anti-trust law.
    1886 - Charles Martin Hall, assisted by his sister, Julia Brainerd Hall, invented an inexpensive method for producing aluminum, which became the first metal to attain widespread use since the prehistoric discovery of iron. He was the founder of ALCOA.
    1886 – The London Times published the world’s first classified ad.
    1887 – The federal government granted Seal Rocks to the City of San Francisco.
        1893 - Rudolf Diesel received a patent in Germany for the engine that bears his name. The diesel engine burns fuel oil rather than gasoline and is used in trucks and heavy industrial machinery. Many German automobiles also converted to diesel due to its lower price than gasoline.
    1896 – Tootsie Roll introduced by Leo Hirshfield, named after his five year old daughter.
    1903 - US signs agreement acquiring a naval station at Guantanamo Bay as Cuba agreed to lease the state of Guantanamo to the US.
    1905 - The first Rotary Club meeting took place in Chicago, IL.  The group's founder was a lawyer, Paul Percy Harris, who invited three friends, a coal dealer, a tailor, and a mining engineer. Meetings were held in each member's place of business in rotation, so that they each could obtain some knowledge of the others' businesses. A convention of 16 Rotary clubs met in Chicago in August, 1910 to form a national association. An international association was formed in August, 1912 in Duluth, MN to provide charters to Winnipeg, Canada and London, England. The constitution was revised in June, 1922 when Rotary International was adopted as the group's new name.
    1907 - A legislative delegation from Sacramento arrives in Berkeley to consider the proposal to move the California state capital there. About 70 state senators and assemblymen travel by special train and attend a banquet.
    1910 – The first radio contest was held from Philadelphia.
    1915 – Nevada enforced the nation’s first divorce law.
    1915 – Germany sunk two US ships – Carib and Evelyn.
    1917 - Birthday of composer-pianist John Benson Brooks in Houlton, ME.,,408452,00.html?ar
    1921 – The first U.S. transcontinental air mail flight arrived in New York City from San Francisco
    1922 - Birthday of composer-trumpeter Johnny Carisi in Hasbrouck Heights, NJ. Died October 3, 1992.,,411975,00.
    1927 - U.S. President Calvin Coolidge signed a bill into law that created the Federal Radio Commission, “to bring order out of this terrible chaos.” The president was speaking, of course, of the nation's then unregulated radio stations. The commission assigned frequencies, hours of operation and power allocations for radio broadcasters across the U.S. The name was changed to the Federal Communications Commission (FCC) on July 1, 1934.
    1928 - Birthday of Canadian singer and actress Monique Leyrac in Montreal. She won two prizes at the 1965 International Song Festival in Poland and the Grand Prix at another festival in Belgium. Leyrac toured the Soviet Union in 1966 and the following year performed at Expo 67 and before Princess Margaret in London. She has been proclaimed best singer twice and Woman of the Year twice in annual polls conducted by the Canadian Press. Monique Leyrac was named an Officer of the Order of Canada in 1968.
    1930 - Birthday of sax player Pete DeLuke, Schenectady, NY.
    1936 - A severe blizzard in the Sierra Nevada mountains closed Donner Pass, stranding 750 motorists and claiming 7 lives.
    1939 - Walt Disney won an Oscar for the film, "Snow White and the Seven Dwarfs" at the 11th Academy Award ceremonies that were held at the Biltmore Hotel in Los Angeles, California. Mr. Disney actually received one Oscar statuette and seven miniature ones for his work “... which has charmed millions and pioneered a great new entertainment field,” according to press accounts.  Oscars were doled out for "You Can't Take It with You" for Best Picture and Best Director Frank Capra. Capra, who took home his third Best-Director prize, had won for 1934's "It Happened One Night" and 1936's "Mr. Deeds Goes to Town". The Best Actor award was claimed for the second year in a row ("Captains Courageous") by Spencer Tracy for "Boys Town". Best Actress and Best Supporting Actress awards were presented to Bette Davis and Fay Bainter, respectively, for their performances in "Jezebel"; while Walter Brennan took home the prized statuette for Best Supporting Actor in "Kentucky". These were Davis' and Brennan's second Academy Awards; the first for Davis was awarded three years earlier for "Dangerous", and Brennan received his first Oscar two years before for "Come and Get It".
    1940 - Walt Disney's animated feature “Pinocchio”, based on the story by Collodi (real name: Carlo Lorenzini), was released to the general public. Using a new multiplane camera, this innovative film was able to capture never-before-seen dimension in an animated movie. Critics were enchanted with Disney's treatment of the story, although the nephew of the fable's author asked the Italian Ministry of Popular Culture to sue Disney for libel in portraying Pinocchio "so he easily could be mistaken for an American," when the puppet was Italian. Nothing came of Paolo Lorensini's objections. The film did well at the box office. Disney had the movie dubbed in seven languages at an additional cost of $65,000. However, when Pinocchio was released, World War II was underway and the European market was inaccessible.  As a result, Disney lost a major source of revenue. Jiminy Cricket's song, "When You Wish Upon a Star," later won an Oscar for Best Song.
    1942 - About 9pm, PST, while President Franklin Delano Roosevelt was delivery his weekly “fireside chat” by radio to the American public, the Japanese submarine I-17, under command of Captain Kozo Nishino fired 12 to 15 shots during the space of 20 minutes at the Barnsdall Oil Refinery in Ellwood, CA, about 12 miles west of Santa Barbara. The submarine was about half a mile offshore. One shell made a direct hit on the rigging and pumping equipment on an oil well, causing damage of about $500. Other shells made crater holes, one of which was about five feet deep. No one was injured. John Belushi was in a movie about the incident, but at the time, it caused great hysteria in California, in Hawaii where Pearl Harbor was devastated, and people on the West Coast thought it could happen here. The railroad going from San Jose to Santa Cruz had its tracks torn up and tunnels dynamited as it was feared the Japanese could attack the city by using the train for transportation. The fear against the Japanese invasion of Pearl Harbor over ruled all logic of the day. There was no television let alone internet and all news was censored as to what was happening and people feared the worst that could happen to them, another Pearl Harbor in San Francisco or Los Angeles.
    1943 - While the Japanese submarine was making a devastating attack primarily psychological in nature, to get the US afraid to fight, the first naval counterattack by American forces against the Japanese in World War II was taking place in a surface engagement known as the Battle of Balikpapan, or the Battle of the Makassar Straight, which took place from this day through February 25. The U.S. destroyers John D. Ford, Parrott, Pope, and Paul Jones, under the command of Lieutenant Commander Paul H. Talbot, came in at night at high speed and sank a patrol craft and the transports Taksukami Maru (7,084), Tsurga Maru (6,988 tons, Kuretake Maru (5,170 tons) and Somanouri Maru (3,519 tons.)
    On April 18, 16 B-25 Mitchell bombers of the 17th bombardment Group, 8th Air force, under the command of Colonel James Harold Doolittle, took off from the USS Hornet. Traveling low over the water they dropped bombs on the cities of Tokyo, Kobe, and Nagoya, then continued straight on until they ran out of fuel and crash-landed in the Chinese countryside. The raid took the Japanese military establishment by surprise and demonstrated for the first time the vulnerability of the Japanese home islands. In collaboration with the Germans who were after oil in Asia, the Axis thought the US was weak, actually calling the country a “paper tiger.”
    1943 - Frederick S. “Fred” Biletnikoff, Pro Football Hall of Fame wide receiver for the Oakland Raiders was born Erie, PA.
    1944 - White blues guitarist Johnny Winter was born in Leland, Mississippi. A write-up in Rolling Stone magazine brought Winter to the attention of New York club owner Steve Paul, who became his manager. Winter's self-titled debut album on Columbia was an immediate success in 1969. His blues-based hard rock remained popular throughout the 1970's.
    1945 - The Japanese island of Iwo Jima fell to the Americans after severe fighting and the flag was raised on Mount Suribachi . Four days of bitter battle had taken its toll on the 28th Regiment of the Fifth Division of the U.S. Marines. Although losses were heavy, the Marine platoon succeeded in its mission to neutralize the defenses and scale the heavily fortified Mount Surabachi. The volcanic peak, at the southern tip of the Japanese island of Iwo Jima, was one of the first objectives of the Marines' invasion of this small, strategic island, 750 miles south of Tokyo. Victory was triumphant -- as the famous iconic photograph by Joe Rosenthal of these Marines raising the American flag portrayed. Navy Secretary Forrestal was standing on the beachhead below. When he saw Old Glory waving in the breeze, he told Lt. General Holland M. Smith, “The raising of that flag on Surabachi means a Marine Corps for the next 500 years.”
    1950 - Top Hits
“Dear Hearts and Gentle People” - Bing Crosby
“There's No Tomorrow” - Tony Martin
“The Old Master Painter” - Snooky Lanson
“Chattanooga Shoe Shine Boy” - Red Foley
    1955 – The first meeting of SEATO, the Southeast Asia Treaty Organization.
    1958 - Top Hits
Don't/I Beg of You - Elvis Presley
Sail Along Silvery Moon/Raunchy - Billy Vaughn
Short Shorts - The Royal Teens
Ballad of a Teenage Queen - Johnny Cash
    1959 - Three weeks after their deaths, Buddy Holly's "It Don't Matter Anymore" enters the Hot 100 at #82 and the Big Bopper's LP "Chantilly Lace" is released on Mercury Records.
    1960 - Wrecking crews began demolishing Ebbetts Field, home of the Brooklyn Dodgers since 1912 before they left for Los Angeles.
    1963 - The Chiffons released "He's So Fine", which on March 30, 1963, hit #1 on the charts for four weeks. Later the song became the center of one of music's most publicized lawsuits, when the estate of songwriter Ronnie Marks won a suit against former Beatle, George Harrison, saying the song, "My Sweet Lord", was a copy of "He's So Fine". The Chiffons also had hits with "One Fine Day", "Sweet Talkin' Guy".
    1964 - The Beatles made their third appearance on "The Ed Sullivan Show." Their performance had been pre-recorded the afternoon of February 9th - just hours before the group made their live American TV debut on Sullivan's program.
    1966 - Top Hits
“Lightnin' Strikes” - Lou Christie
“These Boots are Made for Walkin'” - Nancy Sinatra
“My World is Empty Without You” - The Supremes
“Waitin' in Your Welfare Line” - Buck Owens
    1967 - US troops begin largest offensive of Vietnam War. Over 400,000 US troops were in Southeast Asia. At this point, more than 17,000 Americans had died in Vietnam, 2000 more in the first ten months of 1967 than in the period 1961-1966.
    1968 - Wilt Chamberlain becomes 1st NBAer to score 25,000 points
    1970 - The Doors' album "Morrison Hotel" goes gold becoming the group's fifth gold album in a row.
    1971 - James Franciscus starred in made for television movie, "Longstreet", which became a regular series in the fall of 1971.
    1974 - After already receiving $2 million dollars, the Symbionese Liberation Army demanded $4 million more to release Patty Hearst, daughter of publisher Randolph Hearst, who had been abducted on February 4th. Randolph said he would also consider this request.
    1974 - Top Hits
“The Way We Were” - Barbra Streisand
“Seasons in the Sun” - Terry Jacks
“Until You Come Back to Me (That's What I'm Gonna Do)” - Aretha Franklin
“Another Lonely Song” - Tammy Wynette
    1978 - Some of the winners of the 20th annual Grammy awards for 1977 include: The Eagles (who boycotted the ceremony) winning Best Record of the Year for "Hotel California" and Best Arrangement for Voices for "New Kid in Town." Fleetwood Mac won Album of the Year for "Rumors." Song of the Year was tie between "Love Theme from A Star is Born" by Paul Williams and Barbra Streisand and Joe Brooks' "You Light Up My Life.
    1979 - The first African-American Marine general was Brigadier General Frank E. Petersen, Jr. of Topeka, KS, nominated by President Jimmy Carter. He was the 30th African-American to achieve the rank of general or admiral.
    1980 - US speed skater Eric Heiden won the 10,000 meters race to capture his fifth gold medal at the Lake Placid Winter Olympics. Heiden also won at 500 meters, 1,000 meters, and 5,000 meters.
    1980 - Queen's “Crazy Little Thing Called Love” jumped to the Number 1 spot on Billboard's hit record charts, remaining there for 4 weeks.
    1982 - Top Hits
“Centerfold” - The J. Geils Band
“Open Arms” - Journey
“Shake It Up” - The Cars
“Only One You” - T.G. Sheppard
    1983 - At the 25th annual ceremonies held in Los Angeles, rock group, Toto, won Grammy Awards for their single, "Rosanna", and their album, "Toto IV". They also received four other awards, tying the 1965 record of six Grammies held by Roger Miller.    1985 - Then Indiana University basketball coach Bobby Knight was ejected from a game against Purdue for throwing a chair onto the court. Knight received his first technical foul for protesting two fouls called by the officials against his team. As Purdue shot the technical, Knight hurled a chair from the bench area onto the court, earning his second technical and automatic ejection. Purdue won, 72-63.
    1985 - Breaking with tradition, television show, "Gimme a Break", was broadcast live before a studio audience, making it the first sitcom seen live since the 1950s.
    1987 - Surface "bombogensis" took place on the mid-Atlantic coast as a low pressure went from 1004 to 981 millibars in just 12 hours, resulting in a heavy, wet snow blitz. Snowfall rates reached 5 inches per hour. Coatesville, Pennsylvania was buried under 23.5 inches, Clarksville, Maryland recorded 18.2 inches, and Wilmington, Delaware had 14.4 inches. Much tree damage occurred and power outages were widespread the heaviest snowfall in many years commenced in northern and central Arizona as a massive winter storm began to affect the western US.  This storm continued until the 26th and when it was all over, Flagstaff had 31.2 inches and Williams was buried under 35 inches. At one time, Prescott had 22 inches of snow on the ground.
    1988 - Michael Jackson kicked off his first solo US tour in Kansas City, Missouri. He opened with the same song with which he started the 1984 Victory Tour with his brothers - "Wanna Be Starting Something." Kansas City's Kemper Arena was outfitted with four video screens suspended from the ceiling, 72 speakers and nearly three-thousand lighting and special effects units.
    1990 - Top Hits
“Opposites Attract” - Paula Abdul with The Wild Pair
“Two to Make It Right” - Seduction
“Escapade” - Janet Jackson
“On Second Thought” - Eddie Rabbitt
    1991 - The ground war against Iraq began. After an air campaign lasting slightly more than a month, Allied forces launched the ground offensive against Iraqi forces. The relentless air attacks had devastated troops and targets in both Iraq and Kuwait. A world that had watched and anticipated ‘The Mother of All Battles’ was surprised at the swiftness and ease with which Allied forces were able to subdue Iraqi forces in 100 hours.
    1997 – “Schindler's List”, Steven Spielberg's 1993 film about the Holocaust, became the first movie shown on a television network without interruption by commercials. It was broadcast by the NBC Network. The sponsor, Ford Motor Company, presented one commercial before the film and one afterward, but none during the telecast. This was also the first broadcast rated TV-M (for “mature” audiences) under the television ratings system implemented by broadcasters in late 1996.
    1997 - The first cloning of an adult animal, a lamb named Dolly, was announced by researchers in Scotland. Dolly had a genetic makeup identical to that of her mother.
    2000 - The Grammy Awards for 1999 are announced and Santana ties Michael Jackson's record of eight Grammys in one night including ones for Album of the Year for “Supernatural” and Record of the Year. The album's single "Smooth" wins Song of the Year, giving the album a total of nine awards. Sting wins Best Pop Album for “Brand New Day”, Phil Collins wins Best Soundtrack for “Tarzan” and Jimi Hendrix wins his first Grammy for Best Long Form Music Video for "Band of Gypsies - Live at Fillmore East." Elton John is honored with the Living Legend Award.
    2012 - Ahead of court martial, suspect U.S. Army Private Bradley Manning is formally charged with turning over a massive cache of classified documents to WikiLeaks. In 2015, he is granted permission
to undergo the procedure to change his sex to female in jail and be called Priscilla.
    2012 - Maryland approves a bill allowing same-sex marriage in the state
    2013 - Six tanks are reported to be leaking radioactive waste at the Hanford, WA Nuclear Reservation but were not posed an immediate health risk
    2014 - The Sochi Winter Olympics ended.  On this last day of the competitions, Canada beats Sweden in men's hockey, keeping Canada as the reigning gold winner in two consecutive Winter Games.
    2014 - Dale Earnhardt, Jr. won his second Daytona 500 race, 10 years after his first win, in a race postponed for hours by heavy rain.



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