Leasing News
Independent Un-biased and Fair News about the Leasing Industry
Leasing News
Leasing News Archives
Leasing News Job Postings and Classifieds
Contact Leasing News
Leasing News Sitemap
Leasing News List
Search Leasing News
Leasing News
Leasing News


Collection attorney - three to five years experience, creditor rights and bankruptcy experience is a must - contact: cgates@spiwakandiezza.com

Spiwak & Iezza, LLP, Westlake Village, Ca. is an extremely aggressive collection law firm that believes in taking action against debtors quickly and pushing through to final resolution without delay.


Friday, February 25,2005


Classified Ads---Sales Manager
    Pictures from the Past—1993, Eric Sidebotham
Looking for Ty and Bill Hanson
    Lessors…Effective End of Lease Negotiations
        Classified Ads---Help Wanted
Leasing News Regulation Questionnaire Answered
    Sumitomo/Matsushita Join Together for Leasing
        News Briefs---
"Gimme that Wine"
    This Day in American History
        Winter Poem

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


Classified Ads---Sales Manager

Atlanta, GA
30 years in transportation Finance with strong management/ sales background. Represented company on national & region markets. Started two successful operations- produce profits and growth.
Email: pml@mindspring.com

Chicago, IL.
Successful sales manager has 15 years experience with captives and independents. Expertise in re-energizing existing sales teams and territories, also building teams from scratch. True Team Leader looking for new challenge. email: Murph5553@aol.com

Dallas/Fort Worth, TX.
Domestic-int'l exp. Small to middle ticket. 24 yrs with Fortune 500 firms(2). Consistently achieves margin/ volume goals.
Email: dptr7300@sbcglobal.net

New York, NY
I have over 25 years owning an independent leasing company that specialized in truck leasing. Tow trucks, Limos, ambulances, tractors, etc..
Email: rfleisher@rsrcapital.com

Pennsauken, NJ.
17 Years Leasing in all capacities from CSR and Collections to National Sales Management and Vice President Vendor Development. Exceptional People Skills. Many industry references.
email: cherfurth1@aol.com

Portland, OR.
18+ yrs w/bank leasing company. Supervised 14- 20 sales people. Willing to relocate for the proper position.
Email: pthygeson@netscape.net

Senior Management: Lawton, OK.
Twenty years, I have been the President of Cash Financial Services. I sold my loan portfolio. Resume.
email: bobmooreok@email.com


Pictures from the Past—1993, Eric Sidebotham

Eric Sidebotham, an account executive in the Irvine office set records for volume and profit margins on his way to winning “Salesman of the quarter” honors for the third quarter of 1993. He was also “salesman of the month” for all three months, the first in years to score this “hat trick.”

1993, October, The Balboa Bulletin (Balboa Capital, Irvine, California)

Eric today with his “newest” son Van.

“I'm a Southern California native and attended California State Long Beach, graduating with a degree in Business Finance in June of 1992. Upon graduation, I made contact with Balboa Capital via an on-campus interview. That was the beginning of my career in equipment leasing that now spans thirteen years.

“During my tenure at Balboa Capital, I remained a consistent performer and was proud of my customer satisfaction during my career there. In April of 2000, I realized a lifetime goal of becoming a small business owner when I started Genesis Commercial Capital with my partner, Greg Rieke.

“ We have now been in business for almost 5 years and have grown significantly in both sales volume and number of employees. Our overall culture and approach to the business here at Genesis has been key to our sustained growth.

“We've built a consistently profitable business with 25 employees and an extremely loyal client base. Most importantly though, we have surrounded ourselves with some of the brightest and most talented people in the leasing industry who have been instrumental in our success.

“We have mastered the concept of the true team environment where everyone from, sales, portfolio, funding, credit, and accounting work together towards a common goal.

“As a partner here at Genesis Commercial Capital I get involved with all business matters, no matter how big or small. However, ‘sales' is in my blood and I remain active in selling leases any chance I can get! “

Eric Sidebotham


(Due to technical difficulties, the cartoon and some pictures did not open. We are changing the procedure. I thought the above fit perfectly under the “SILO” story. Each year we choose the cartoons we want to run and purchase the licenses from the various sources. They are copyrighted. Our original cartoons and placards may be reproduced, but if the cartoon shows a copyright on the bottom, it cannot without first obtaining a license to use. We also obtain permission to re-print stories and poems. editor )

Should you wish to review yesterday's edition, here is the archive


Looking for Ty and Bill Hanson

“Any info on Ty & Bill Hanson of Conrad & Associates, Carlsbad Ca. 92008. I think my investment of 50k is no more. Got $500 a month or 12% return for 2004. Got January 05, but none for this month. All phones etc off!!! Sold me a Promissory note.

“Can you recommend any authority to call?”

Leasing News is searching for them to hear their side of the story.

We have attempted to contact them. We have confirmed the telephone numbers, including Bill Hanson's personal cell telephone, are disconnected or do not answer also.

We have been contacting old associates who knew Bill and his “unofficial adopted” son. One person told us he may have moved back East where he has relatives. He reportedly was last working out of Ty Hanson's apartment, where he was also living.

Many may remember him as vice-president of Commercial Money Center, in charge of sales and broker relationships:



Your One stop solution for training and reference material for the Leasing Professional

Visit our website by clickng on the logo above

122-A Foothill Blvd., Arcadia, CA. 91006
Voice 626-305-1053 . Fax 626-305-0019 .

What Lessors Are Saying About…Effective End of Lease Negotiations


While a thorough lease agreement is the best preparation for end of lease negotiations, lessors have well-developed strategies and tactics to address the gray areas often entailed at lease end.

The Equipment Leasing Association asked lessors about their approaches and found that preparation is the key component for maximizing portfolio performance and building customer relationships. Following are procedures lessors take for effective end of lease negotiations.

Steve Harwood, President, Cypress Financial Corporation, spoke at the Equipment Leasing Association's recent Equipment Management Conference in Tucson. He strongly advocates that preparation is the key to effective end of lease negotiations.

Among the points of preparation he cited are obtaining a detailed equipment inspection; getting thorough appraisals and related studies on the supply/demand outlook, replacement cost, etc.; analyzing lease provisions; preparing for potential legal issues; developing back-up remarketing plans; obtaining detailed equipment information; getting information on the lessee, including analyzing the lessee's alternatives; assuring that you are in sync with management and partners; and finally, developing a detailed strategy and tactics for the negotiations.

Harwood advises that discussions with the lessee should commence only when the preparation is complete.

He said, “Even with preparation, there still remains the challenge of completing the negotiations with the optimum result. However, if properly prepared, you should be in a position to do so."

Michael Bushey, Vice President of Capital Asset Services, an equipment service company, recommends an approach that begins with a thorough review of the lease documentation. This establishes an understanding of the obligations of the lessor and lessee regarding conditions of notification, inspection rights, and return conditions.

As further preparation, Bushey suggests reviewing the original research for the equipment description, and to further develop an understanding of the equipment, look at pricing guides, contact dealers and examine the research of the equipment during the setting of the residual.

Any events during the lease, such as mid term inspections, also should be noted.

Bushey said that an understanding of the definitions of value is needed to establish fair market value, a key part of the end of lease negotiation. He said that secondary market research for the end of lease equipment assists in determining fair market value.

In negotiations Bushey advises listening to the lessee. “Paying attention to the lessees' perspective can provide you with insight that will make you more effective in negotiating with them.”

Bushey added, “In my experience, the best end of lease negotiations have occurred when both sides have had knowledge of the equipment being used, the industry in which the equipment is being used, and values of the secondary market for the equipment.”

John Gougeon, Asset Management Leader, US Express Leasing, Inc., believes that end of lease negotiations are both an art and a science.

“The key concept in negotiation is that knowledge is power. An effective negotiation is one that is conducted from the position of strength.”

To gain that position, his preparedness includes determining how essential the equipment is to the customer's business, results of past negotiations with the customer, and the future business potential of the customer.

In developing negotiation tactics, Gougeon said the first step is to set your own objectives by determining your maximum supportable position, minimum acceptable result, desired outcome, and “deal breakers.”

“Ask for, and expect concessions, but be willing to make concessions yourself,” Gougeon said. “Create a key list of issues for resolution, bearing in mind that you need to give a little to get a little.” He believes an effective negotiator should “disagree agreeably” and reject counter offers with a positive tone. He added, “Be sure to conclude the negotiation on a positive note as you may be dealing with this individual in the future!”

Patrick A. Witowski, Executive Vice President, IFC Credit Corporation, also acknowledged the balance that must be maintained in order to create value for both sides of the negotiations.

He advises, “Stick to the facts in both your documents and equipment values, keeping in mind that you're dedicated to the leasing company you work for to help in the profit contribution through successful negotiation while at the same time you are helping your company by maintaining a good rapport with the lessee from whom you hope you will attain additional business.”

To achieve these ends, Witowski said that good end of lease negotiators are “absolutely intimate with the strength and the knowledge of their lease document language.”

Responding to questions about lessees' preparedness for end-of lease negotiations, David Kovacs, Vice President of Asset Management, De Lage Landen Financial Services, Inc., believes they are well informed and that the competitive environment adds to their position of strength.

He advises never negotiating in a heavy-handed manner, saying, “If the customer is not comfortable with the deal, they can elect to go elsewhere to satisfy their future leasing needs.”

He said his overall strategy in negotiations is to create value for both parties and to look at the long term.

“You're not looking to maximize the return from one deal, you're looking to optimize the value of the relationship,” he said.


Classified Ads---Help Wanted

Collection Attorney

Collection attorney - three to five years experience, creditor rights and bankruptcy experience is a must - contact: cgates@spiwakandiezza.com

Spiwak & Iezza, LLP, Westlake Village, Ca. is an extremely aggressive collection law firm that believes in taking action against debtors quickly and pushing through to final resolution without delay.

National Account Manager

Nat'l Acct. Mgr: Looking for acct mgr's w/limited leasing exp. and good comm. skills. Good commission plan w/emerging company. Send responses & resumes to info@access-capital.org or call 866-434-7555, ext 7838

Platform Business Manager / Asset Manager

Platform Business Manager: Veteran w/ proven sales mngt. Will serve as primary point of contact for bank relationships and manage origination teams to effectively penetrate the market.

Asset Manager: Organized, decisive individual w/ asset mngt./ remarketing exper., covering wide range assets from manufacturing equipment to transportation, energy-related,, technology, retail, etc.

Send your resume to: Kathy.odwyer@rbos.com
Chicago, Illinois

About the Company: RBS Lombard, Inc., based in Chicago, is a member of The Royal Bank of Scotland Group, an AA rated company that is the 6th largest bank in the world by market capitalization as of January 14, 2005. Founded in 2002, RBS Lombard, Inc. has grown to net assets exceeding $2.8 billion and new business volume surpassing $1.1 billion in 2004.

Sales Professionals

Sales Professionals: Outstanding opportunity for Equipment Finance Leasing professionals with middle market finance leasing backgrounds, an existing or established book of business, and at least 2 plus years experience. Banking background preferred, not required. Fast paced environment. Greater NYC area, lease teams okay! E-Mail: iromoff@icbny.com
Please visit our website at: http://www.myindependence.com


Baltimore/Washington based Sales Rep. - To develop vendor & lessee direct originations. Requires 3+ yrs commercial sales exp. For full description and application, click here for more information.

Madison Capital, a Baltimore based equipment and vehicle leasing company for 30 years is a national provider of direct financing services for both vendors and lessees. www.madisoncapital.com

Small Ticket Sales Representative

Great opportunity for experienced small ticket sales rep. We will provide the back office support and you keep all the commission less a fixed monthly admin. fee.
Please email your resume in confidence to dwesley@advantagelease.com

Advantage Leasing is a 20 yr. old company located in West Chester, PA. We have multiple funding sources as well as internal financing.




Leasing News Regulation Questionnaire Answered

By Kit Menkin

To answer some of the questions received after the results of the poll:

Over 400 responses were received. This was an “average” return, although we have had up to 600 on keeping “advance rentals.” To one view, it may have been “below average” as this was the first time we ran it for three days in the newsletter ( four days on the web site.)

We did eliminate the “no” votes who we thought were not in the leasing industry, as we suspected they were lessees with an “axe to grind.” We contacted over 40 e-mail addresses that had no identification from a leasing enterprise, eliminating 20 who did not respond, which was under 5% of the total vote. We assumed they were not in the leasing industry.

This was not a scientific poll, and perhaps we should have put
a third category: state government, federal government, leasing
association. There were many who stated they felt it was up
to the leasing associations to regulate the industry.

Unfortunately, not all those who don't follow “good business practices,”
are members. Most of those who keep “advance rentals” and “deposits” are not members, nor are the new brokers or salesmen in business. In addition, each of the associations and foundations have their own process, reacting by “formal” complaint and a hearing process to make their determination as to “conduct.”

It is true, on the other hand, several of the companies in the news, such as Commercial Money Center, belonged to leasing associations,
the vice-president, who was also in charge of sales, remained
after the demise as “regional chairmen.” In one instance,
the person who arranged the leases with the funding sources,
was president of a leasing association.

It should also be pointed out NorVergence was an active member and advertiser at the Equipment Leasing Association. They were not
alone in being active in a leasing association for both funding
and new sales from new brokers. It is no secret companies such
as DVI, MSM Capital, RW Professional, 1Lease, Metrolease, and others were sponsors, active participants.

To expect the leasing associations and foundations to “police”
the industry would be a difficult task. In fact, it would
be almost impossible, as they don't have control over non-members.
There would be definite liabilities if they were to so attempt.

Perhaps as important, they are a volunteer organization ,
where the directors are not paid, nor are the
committee chairmen or members, and may meet quarterly
as a committee or just twice a year at conferences.

Yes, they can meet by telephone or in an internet chat room,
but if there are documents to review, or a formal hearing
to be held with the complainant and member present,
this certainly would be a laborious procedure. It is also
asking them to make judgments on long time friends
or close associates, certainly a conflict of interest.

As important, it is the leasing association's goal to help
its members, help their company grow and prosper,
not to push them out of business.

The question then is will the industry allow the government
to make its own rules and regulations of the industry, winding
up as an adversary, lobbying its interest, or to take lead
in helping to formulate and legitimatize leasing as the
account board has, as attorneys have, as real estate agents
have, and others who value their profession and who is
allowed to practice in it?


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

Sumitomo Trust & Banking and Matsushita Sign Definitive Agreements on Equity Ownership and Business Operations of Matsushita Leasing & Credit

OSAKA, Japan--Sumitomo Trust & Banking Co., Ltd. ("STB") and Matsushita Electric Industrial Co., Ltd. ("MEI" (NYSE symbol: MC)), jointly announced that the two companies have finalized and signed definitive agreements regarding the equity ownership and business operations of Matsushita Leasing & Credit Co., Ltd. ("MLC"), a financial support company of the Matsushita Group.

World Leasing Yearbook 2005

ISBN:184374 142 3
Pages: 524
Edition: 26th
Directory Contacts: 4,400 Companies

Price: $250.00

The only annually-updated international reference book for the asset financing and leasing industry available. The new 26th edition includes the latest market trends, over 100 authoritative articles and reports on the leasing software and IT market, an exclusive ranking of the top 50 leasing markets by size worldwide with feature profiles from Africa to Venezuela PLUS a directory of over 4,400 companies.

To order call +44 (0) 20 7779 8999 or toll free in the US +1 800 437 9997 to receive your 10% discount. You can also order on line at


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

“News Briefs”

Foreign Investment's Flip Side

Big-ticket factory orders fall by 0.9 percent in January

Mortgage rates inch higher; 30-year at 5.69%

Winter Storm Blankets Northeast in Snow

St. Louis Symphony, musicians announce an accord

MGM-Mirage, Mandalay deal gets final OK from Nevada regulators

Barry Opens Year-Long Run at the Las Vegas Hilton


“Gimme that Wine”

Knocked Sideways
Merlot is suddenly uncool -- but the great ones still shine

Top 10 California Merlots

Courts to decide what 'Napa' means

Oregon Pinot Noir Club

2002 Steltzner Claret, Napa


This Day in American History

    1643 -- Dutch massacre of friendly Indians at Pavonia, near present-day Hackensack, New Jersey, is ordered by William Kieft, Governor of New Netherlands. 120 Wecquaesgeek men, women and children asleep in their wigwams die. Eyewitness David P. deVries noted: "...about midnight I heard a great shrieking, and I ran to the ramparts of the fort... Saw nothing but firing, and heard the shrieks of the savages murdered in their sleep. When it was day the soldiers returned to the fort, having massacred or murdered 80 Indians, and considering they had done a deed of Roman valor, in murdering so many in their sleep; where infants were torn from mother's breasts, and hacked to pieces in the presence of the parents, and the pieces thrown into the fire and in the water, and other sucklings, being bound top small boards, were cut, stuck, pierced, & miserably massacred in a manner to move a heart of stone... “

    1779- George Clark captures Fort Sackville at Vincennes , Indiana.
    1791- the charter of the first bank of the US: The First Bank of the US at Philadelphia, Pennsylvania, Proposed as a national bank by Alexander Hamilton, it lost its charter in 1811. The Second Bank of the US received a charter in 1816 which expired in 1836. Since that time, the US has had no central bank. Central banking functions are carried out by the Federal Reserve System, established in 1913.
    1804- the Democratic-Republican party held their first caucus and elected Thomas Jefferson of Virginia for president and George Clinton of New York for vice-president. The Federalist did not have a caucus but supported Charles Cotesworth Pinckney of South Carolina and Rufus King of New York for vice-president. Jefferson received 162 electoral votes and Pickney, 14.
    1824 -The Baptist General Tract Society was organized in Washington, D.C. In 1826 the society was moved to Philadelphia, and by 1840, the organization had issued over 3.5 million copies of 162 different tracts.
    1825 – New Harmony, Indiana. Robert Owen announces New Harmony utopian plan in Indiana to government dignitaries in the Hall of the US House of Representatives.

    1836- Samuel Colt obtained a patent for “ an improvement in revolving fire-arms.” He had invented the revolving cylinder pistol in 1830 while he was traveling on the S.S. Carlo. With a pocket knife he whittled a wood model. He first obtained a patent from England in 1835. After his US patent, he formed the Patent Arms manufacturing Company of Paterson, NJ, capitalized at $230,000 to manufacture them The first revolvers produced by the factory were .34-caliber models. The company nearly failed in its first decade, but was revived by an order from the government in 1847 for one hundred revolvers to use in the Mexican-American War. The revolver was the first firearm that could be used effectively by a man on horseback. Colt set up a new factory in Connecticut and made a fortune after the war as ranchers, outlaws, prospectors, and lawmen stormed into the newly acquired Western territories with their six-shooters blazing.
    1842 -- Famous woman lighthouse keeper Ida Z. Lewis born, Newport, Rhode Island. She was the oldest daughter of the lighthouse keeper at Lime Rock in Newport, R.I., who assumed her father's responsibilities when he suffered a paralytic stroke when she was 15. By rowing her sister and brothers to school and get supplies from the mainland she became an expert oarsperson. Her ability to handle a boat even in the worst weather conditions enabled her to rescue dozens of people from capsized boats in Newport Harbor. Her fame spread throughout the country, and she was honored in numerous ceremonies. President Grant and dignitaries of her area paid their respects by personally visiting this great 19th century heroine. In 1879 after 22 years of keeping the Lime Rock Lighthouse she was officially designated the first woman Keeper of the Light.

    1859- the first temporary insanity defense in a criminal case was used by Daniel Sickles, a congressman from New York. On this date he shot and killed Philip Barton Key, the son of Francis Scott Key, author of “The Star-Spangled Banner,” after he learned the younger Key was having an affair with his wife. His lawyer, James T. Brady, offered the defense of “temporary insanity.” sickles was acquitted. He eventually became a general in the Civil War, in which he lost a leg, and served as minister to Spain.
    1863- the first bank to take file as a National Bank under “an act to provide a national currency” was the first National bank of Davenport, IA. Austin Corbin was the first president. For two days, the bank was the only national bank in operation under the new act.
    1870- 1870-Hiram Rhodes Revels of Mississippi was sworn in as the first black U.S. senator and the first black representative in Congress. Revels was elected to fill the office vacated by Jefferson Davis. He served through March 1871, the remainder of Davis' vacated term. The first African-American to serve a full term in the U.S. Senate, Blanche Kelso Bruce (1875-1881), was also from Mississippi.


    1873- Enrico Caruso, universally regarded as the world's greatest operatic tenor, was born in Naples, Italy. He became widely known in 1898 through his appearances in Milan, about three years after his debut at Caserta, near Naples, in the role of Faust. In 1902, he made his London debut and the following year he first appeared in the U.S. He was very well received and actually bought a house here as he made many tours and was extremely popular. Caruso made his first recordings in 1901, and was largely responsible for the public perceiving the phonograph as a home entertainment medium rather than a toy. His recording of "Vesti La Giubba (On With the Motley)" for the Victor Company in 1907 is believed to be among the first records to sell a million copies. For more than 30 years after his death in 1921, Caruso was one of the Victor company's top-selling artists. The 1951 film "The Great Caruso," with Mario Lanza, provided renewed interest in his records.

    1874 -- Skokomish Indian reservation established (near Shelton, Washington).


    1896-Singer/song writer Ida Cox (Ida Prather) born Toccoa, GA, Died 1967.



    1900-pianist Hartzell “Tiny” Parham, born Winnipeg, Manitoba. Died April 4, 1943.

    1910- Millicent Fenwick, the inspiration for Garry Trudeau's "Doonesbury" character Lacey Davenport, birthday. Former fashion model, author, member NJ General Assembly and US congresswoman, Millicent Fenwick was born at New York, NY. A champion of liberal causes, Fenwick pointed to her sponsorship of the resolution creating the commission to monitor the 1975 Helsinki accords on human rights as her proudest achievement. She fought for civil rights, peace in Vietnam, aid for the poor, reduction of military programs, gun control and restrictions on capital punishment. Fenwick, died at Bernardsville, NJ, Sept 16, 1992.
    1907-- Mary Coyle Chase - US playwright. MCC won the 1944 Pulitzer Prize for the play Harvey, the tale of an invisible six-foot rabbit. She wrote a sparkling screenplay to convert it into a very successful movie. MCC began her writing career as newspaper reporter.

    1913 – Federal Income Tax: The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration. The 16th Amendment to the United States constitution was ratified on February 3 by Rhode Island (interesting it was a Republican bluff that brought the bill forward in the Rhode Island legislature, as they thought the Democrats would be crazy passing it),permitting the levying on income tax on individuals and businesses without apportionment on the basis of the population of states. It did not go into effect until February 12 th . Officially the Secretary of State Philander Knox on February 25, 1913 declared it to be "in effect", but never stating it was lawfully ratified. There were many legal issues from the various states that were never resolved. The change did not come at once, however, for the first income tax law specified graduated rtes of 1 to 6% of income. It was a flat tax. There is controversy that not all the states ratified this amendment, although amendments to it were made Congress.


    1918- “Bobby” Riggs birthday, tennis player born Robert Lormier Riggs at Los Angeles, CA. Riggs won the US National Singles Championship in 1939 and 1941, and won three titles at Wimbledon in 1939. After World War II, he turned pro successfully but won his great fame as the male sexist for a pair of “Battle of the sexes” matches in 1973. He won the first of these against Margaret Court and lost the second to Billie Jean King. Died at Leucadia, CA. Oct. 25, 1995.
    1919-Oregon became the first state to impose a state gasoline sales tax, placing one cent per gallon on all motor fuel. The funds collected were used for road construction and maintenance.
1919 Jazz cellist Fred Katz birthday



    1922- “Texas Rose” Bascom birthday, a Cherokee-Choctaw Indian born at Covington County, MS, Rose Flynt married rodeo cowboy Earl Bascom and learned trick roping, becoming known as the greatest female trick roper in the world. She appeared on stage, in movies and on early TV. She toured with the USO during WWII, performing at every military base and military hospital in the US. After the war she entertained servicemen stationed overseas. In 1981 she was inducted into the National Cowgirl Hall of Fame (located at Hereford, TX). She died Sept 23, 1993, at St. George, UT.
    1922 - The temperature at Los Angeles, CA, soared to 92 degrees to establish a record for the month of February.
    1924 - Ty Cobb, issued an edict to his team, the Detroit Tigers, forbidding players to play golf during training camp. A report in the Detroit Free Press said Cobb confiscated players' golf clubs.
    1927 -Pianist James P. Johnson first recording of “Snowy Morning Blues,” Columbia 14204-D)
    1929-Saxophonist Tommy Newsom born Portsmouth, VA He is best-known for his playing in the Tonight Show Band of the 1960's, 70's and 80's where he occasionally was the butt of jokes as Doc Severinson's dim-witted sidekick. Newsom was always good-humored about it all, but this particular "gig" covered up the fact that he was actually a pretty talented tenor-saxophone soloist.

    1938- Miami Drive-In Debuts: Miami's first drive-In movie theater opened on this day. Invented in 1933 by Richard Hollingshead, the first drive-in debuted on Crescent Boulevard in Camden New, Jersey. Admission was 25 cents per car and 25 cents per individual, with no car paying more than one dollar. Hollingshead received a patent for his idea in 1933, but it was later repealed in 1939. Without a patent to hinder them, copycats began opening up drive-ins all across the country. By 1938, most metropolitan areas had drive-in theaters. The drive- in craze would reach its peak in 1963 when 3,502 theaters were in operation across the country. Today most drive-ins have been replaced by VHS and DVD as the most inexpensive way to watch a movie, or romantic encounter, plus land has become so expensive to prohibit the return of the investment and management.
    1942 -- The US Navy orders Japanese American residents of Terminal Island near Los Angeles Harbor to leave in 48 hours. They are the first group to be removed en masse & suffer especially heavy losses as a result. http://www.janm.org/clasc/resources.htm

    1943- George Harrison, former lead guitarist for the Beatles, was born in Liverpool, England. He was the guitarist and co-songwriter for the Beatles, alongside John Lennon, Paul McCartney and Ringo Starr. The band is considered to be the most influential rock and roll group of all time. Harrison is credited with introducing Eastern musical styles and instrumentation to Western Pop. After the breakup of the Beatles, Harrison embarked on a successful solo career, became an independent film producer (Time Bandits) and created on of the first charity rock concerts with his “Concert for Bangladesh,” which brought relief to flood victims of that country. His first project after the Beatles broke up in early 1970 was a three-record set, "All Things Must Pass," which contained the number-one single, "My Sweet Lord." In 1971, Harrison sponsored and was the host for two benefit concerts at Madison Square Garden in New York for the people of Bangladesh. The concerts, a documentary film and a Grammy Award-winning three-record set earned more than 10 million dollars, which was donated to UNICEF after a lengthy delay caused by legal problems. Harrison had another number-one hit in 1973 with "Give Me Love (Give Me Peace on Earth)," and his tribute to John Lennon, "All Those Years Ago," made it to number two on the Billboard Hot 100 in 1981. Harrison's 1987 comeback album "Cloud Nine," was a big hit, as was the single "Got My Mind Set On You." He died at Los Angeles, CA. on Nov 29,2001.

    1944---Top Hits
Besame Mucho - The Jimmy Dorsey Orchestra (vocal: Bob Eberly & Kitty Kallen
My Heart Tells Me - The Glen Gray Orchestra (vocal: Eugenie Baird)
Shoo, Shoo, Baby - The Andrews Sisters
Ration Blues - Louis Jordan
    1946- Les Brown records “Lover's Leap”: for Columbia
    1950- pianist Mike Wofford born San Antonio, TX
    1950- “ Your Show of Shows” premiered on TV. “Sid Caesar and Imogene Coca starred in the NBC 90-minute variety program along with Carl Reiner and Howard Morris. It started as a one hour show February 25, 1950. The show included monologues, improvisations, parodies, pantomimes and sketches of varying length. Some of its writers were: Mel Brooks, Larry Gelbart, Neil Simon and Woody Allen. It was my father's favorite show. He was general manager of WOR-TV in New York. We grew up enjoying "live TV." He was a friend of Carl Reiner and Howard Morris and the director of the show was one of my father's best friends, Irv Kirshner, who also directed the Jackie Gleason Show, if my memory serves me correctly.
    1952---Top Hits
Cry - Johnnie Ray
Slowpoke - Pee Wee King
Anytime - Eddie Fisher
Give Me More, More, More (Of Your Kisses) - Lefty Frizzell
    1957 - Buddy Holly and The Crickets traveled to Clovis, NM, to record "That'll Be the Day" (one of the classics of rock 'n' roll) and "I'm Looking for Someone to Love". Both songs were released on Brunswick Records in May of that year. Buddy Holly and the Crickets recorded "That'll Be the Day" at Norman Petty's studio in Clovis, New Mexico, after weeks of rehearsal. The record, released under the Crickets' name, was Holly's first million- seller, topping both North American and British charts.
    1960---Top Hits
The Theme from "A Summer Place" - Percy Faith
Handy Man - Jimmy Jones
What in the World's Come Over You - Jack Scott
He'll Have to Go - Jim Reeves
    1961- Davey Allison, auto racer born at Hueytown, AL NASCAR's rookie of the year, Allison won 19 races in 191 starts, including one Daytona 500. The son of racer Bobby Allison, Davey was killed in a helicopter accident on the infield of the racetrack at Talladega, AL, July 13, 1993.
    1961- Elvis Presley played a charity concert in Memphis, his first performance since being discharged from the US Army almost a year earlier.
    1963 -- Vee Jay Records, a small Chicago-based label, releases the first Beatles record in the US, "Please Please Me" backed with "Ask Me Why." A smash in the UK, barely noticed in the US. "Please Please Me" was the second record released in the U.S. by The Beatles. Some labels carried a famous misprint, making it an instant, and valuable, collector's item. The label listed the group as The Beatles.
    1964 - Twenty-two-year old Cassius Clay won the world heavyweight boxing title by defeating Sonny Liston in the seventh round in Miami, FL. Clay had been an 8-1 underdog. In fact, only 8,297 fans showed up for the bout. http://news.bbc.co.uk/sport1/hi/boxing/specials/ali_at_60/1722098.stm
    1965- Twenty-two-year-old Cassius Clay (later Muhammad Au) became world heavyweight boxing champion by defeating Sonny Liston . Asked how he would defeat Sonny Liston, “ Float like a butterfly, sting like a bee.” At the height of his athletic career Ali was well known for both his fighting ability and personal style. His most famous saying was, "I am the greatest!' A movie was recently made about his career. In 1967 he was convicted of violating the Selective Service Act and was stripped of his title for refusing to be inducted into the armed services during the Vietnam War. Ali cited religious convictions as his reason for refusal. In 1971 the Supreme Court reversed the conviction. Ali is the only fighter to win the heavyweight fighting title three separate times. He defended that title nine times. He has devoted his life to helping others. Despite a crippling disease, he gives much time to promoting peace and bringing people together.
    1966-Nancy Sinatra receives her first gold record for "These Boots Are made for Walkin'." She will share a gold record with her father Frank next year for "Something Stupid.
    1968---Top Hits
Love is Blue - Paul Mauriat
(Theme From) Valley of the Dolls - Dionne Warwick
(Sittin' On) The Dock of the Bay - Otis Redding
Skip a Rope - Henson Cargill
    1973 -Juan Corona sentenced to 25 life sentences for 25 murders
    1976---Top Hits
50 Ways to Leave Your Lover - Paul Simon
Theme from S.W.A.T. - Rhythm Heritage
Love Machine (Part 1) - The Miracles
Good Hearted Woman - Waylon & Willie
    1977- dust reduced visibilities from eastern Virginia through the southeastern states to Florida between the 24th and 28th. The dust originated in the western Great Plains on the 22nd and 23rd with wind gusts above 100 mph reported at Guadalupe Pass, Texas, at White Sands, New Mexico, in Sherman County, Kansas, and in eastern Colorado.
    1981 - Christopher Cross won five Grammy Awards at ceremonies in Radio City Music Hall in New York City. He was awarded the Album of the Year award for "Christopher Cross" and his hit, "Sailing", won for Best Arrangement Accompanying Vocalist(s), Record of the Year and Song of the Year. Christopher was also voted Best New Artist of 1980. All in all, a very good night for Mr. Cross...
    1982 -Final episode of "The Lawrence Welk Show" airs.



    1984 - "Ironweed", by William P. Kennedy, was awarded the Pulitzer Prize for fiction this day. The novel, about a man trying to make peace with the ghosts of his past -- and present, also captured the National Book Critics Circle Award for fiction. ("Ironweed" was made into a movie in 1987, directed by Hector Babenco, starring Jack Nicholson and Meryl Streep.)
    1984---Top Hits
Jump - Van Halen
99 Luftballons - Nena
Girls Just Want to Have Fun - Cyndi Lauper
Stay Young - Don Williams
    1986 - "We are the World" captured four Grammy Awards. The song, featuring more than 40 superstar artists gathered at one time, was awarded the Top Song, Record of the Year, Best Pop Performance and Best Short Video Awards. Lionel Richie and Michael Jackson wrote the song, which was recorded by 45 celebrities. The record raised more than 33 million dollars for African famine relief.
    1987- Frank Sinatra's appearance on "Magnum PI" gave the TV show its highest rating ever.
    1988- Bruce Springsteen opened his "Tunnel of Love" tour in Worcester, Mass. Springsteen shed his working-man image, adopting the persona of a boardwalk carnie. He performed eight songs from the "Tunnel of Love" album plus an assortment of "B" sides, unreleased songs, cover tunes and new material. Songs from Springsteen's earlier albums were virtually ignored.
    1989 - Mike Tyson stopped (knocked out) Frank Bruno in the fifth round in Las Vegas, Nevada. Tyson was the WBA, WBC & IBF Undisputed World Heavyweight Champ.
    1989 - Thirteen cities in Florida reported record low temperatures for the date, including Jacksonville with a reading of 24 degrees. Severe cold in Florida claimed three lives, and resulted in 250 to 300 million dollars crop damage. Unseasonably warm weather prevailed in the central U.S. Dodge City KS reported record high of 80 degrees.
    1990 - Snow spread across the northeastern U.S. Massachusetts was blanketed with 8 to 15 inches of snow, 5 to 10 inches was reported in Rhode Island, and totals in Connecticut ranged up to 10.5 inches at New Canaan. In central New York State, snow and high winds resulted in a number of chain-reaction multiple accidents, and a total of 108 persons were injured. Snow and high winds created white-out conditions along Interstate 87 in Saratoga County NY. Subzero cold was reported from Minnesota through Michigan to northern New England. Duluth MN reported a record low of 26 degrees below zero
    1992- Natalie Cole's single and album "Unforgettable" captured seven Grammy awards, including best album, best record and best song. Victoria native David Foster was named producer of the year for the album and single. The title song of "Unforgettable" was an electronically-produced duet between Cole and her father, Nat (King) Cole, who died in 1965.
    1992-Grammy awards, Vancouver rocker Bryan Adams won for best song written specifically for a motion picture or television - for "(Everything I Do) I Do It For You" from "Robin Hood: Prince of Thieves."
    1993 - The Florida Marlins baseball team introduced their mascot, Billy the Marlin. According to Billy's Web page (web7.sportsline.com/u/baseball/ flamarlins/kids/billyhome.htm), Billy's favorite movie is "A Fish Called Wanda" and his favorite TV show is "Flipper".
    1993 -the big snow season of 1992-93 continued to set records. Evansville, Indiana set a new monthly snowfall record on this date with 18.4 inches. 12.7 inches of snow fell in 24 hours at Columbia, Missouri to set a new 24 hour snowfall record for the month. Light snow at Pocatello, Idaho raised its seasonal snowfall total to 85.7 inches to set a new all-time seasonal snowfall record. The old record was 85.6 inches set in the 1983-84 season.
    1995 - Madonna's "Take a Bow" became the #1 single in the U.S. The smash hit was number one for seven weeks: “Take a bow, the night is over; This masquerade is getting older; Lights are low, the curtains down; There's no one here.”
    1997 - Directors of Bethel Bible Village met to decide whether to remove Pat Boone as a sponsor for the Pat Boone Celebrity Spectacular, a charity golf tournament the singer had supported for nearly 20 years. A few weeks earlier, Boone had turned from cotton-candy crooner to leather-clad heavy-metal rocker. Trinity Broadcasting, a Christian TV network, received so many complaints about his heavy-metal act that it canceled his weekly Gospel America show. However, he remained host of a Christian film and TV awards program. According to chairman Theodore Baehr of the Christian Film and Television Commission, "In white bucks or black leather, Pat Boone is still the same guy underneath".
    1998-The Grammy's were handed out during ceremonies at Radio City Music Hall. Bob Dylan won three Grammy's, including one for Best Album for "Time Out Of Mind." Dylan's son, Jakob, also won an award, winning Best Song for "One Headlight," a song he recorded with his band, The Wallflowers. Also winning awards were John Fogerty, who picked up Best Rock Album for "Blue Moon Swamp," Elton John for Best Male Vocal for "Candle In The Wind 1997" and Van Morrison, who won one for Best Pop Collaboration for "Don't Look Back," a song he recorded with John Lee Hooker.
    1999 - Television's highly popular Baywatch, watched each week in more than 100 countries, began a locale change for its 1999 season by filming on location in Australia. The show starred executive producer David Hasselhoff and a brigade of red swimsuit-clad lifeguards. On this date, TV producer Greg Bonnan attended a public meeting in Avalon Beach, a beachfront Sydney suburb. Some of the 1,700 people who attended were shouting, "Don't come here, leave us alone!" and "We don't want you here!" A fifth of the town's population turned out for the meeting, which appeared to split the community between younger Baywatch fans and older people who abhorred the invasion of privacy and inconvenience that film productions bring. Many residents were angered when security guards blocked off part of the beach and banned a surfer from the area. After the unruly meeting, Bonnan said he was considering invitations from other Australian coastal towns that welcomed the chance to put their beach on television screens worldwide.



Winter Poem

What is snow but frozen rain that melts to become rain again?

The end of James Joyce's Book, “The Dead”

A few light taps upon the pane made him turn to the window. It had begun to snow again… . It was falling, too, upon every part of the lonely churchyard on the hill where Michael Furey lay buried. It lay thickly drifted on the crooked crosses and headstones, on the spears of the little gate, on the barren thorns. His soul swooned slowly as he heard the snow falling faintly through the universe and faintly falling, like the descent of their last end, upon all the living and the dead.


Leasing News
Current Advertisers

- Access Capital
- Advantage Leasing
- Commercial Equip. Leasing Seminar/CLP Prep.
- Independance Community Bank
- The Leasing Library
- Madison Capital
- RBS Lombard, Inc.
- Spiwak & Iezza, LLP. Attorneys at Law
- United Association of Equipment Leasing
- World Leasing Yearbook

Newsletter & Classified Advertising Information

- Classified Advertising Infiromation
- Newsletter Banner Advertising Information

Leasing News Editorials

- Congratulations to the AG's
- Amicable, Generous Settlement for NorVegence Lessees

Top Recent Stories

- Results: Leasing Industry Regulation
- Lease Broker Arrested Again
- Leasing News Advisory Board Members...Leasing Conferences
- Gov't Regulation Equipment Leasing Industry
- Alert--Sale/Leaseback as New Equipment
- Leasing Association Conferences—Spring
- Leasing Meetings Open to Non-Members
- Ernie Reinhardt Reportedly Guilty 13 Counts
- NorVergence: More Leasing Companies "Caving In
- Kendra Bernal Sentencing Postponed March 9th
- Stress Relief
- Allegiant Books Record Volume in 2004
- Marci Kimball-Slagle at Tetra Financial Group
- "Funds-A-Plenty!!"
- Leasing News Advisors on...Business Today
- Free Listing in ELA Asset Management Sourcebook
- The Power of the Internet on Equipment Leasing
- CapitalWerks $9 Million Alabama Judgement
- DVI BK Trustee Seeking “Vendor Payments” 90 Days
- Alexa Ranks Leasing Association Web Site
- $1.6M Nigerian Scam—Penske Leasing
- Fifth Third Bancorp Catches Major Basel II error
- Bank of NY Buys Out of RW Professional Mess
- CMC Bankruptcy Keeps On Going
- Lease Administrators UCC Warnings to Lessees
- Leasing Schools/Franchisors
- The List is Up-dated
- Larsen gets prison term, told to repay investors
- Gary Saulter Takes on Mr. Anti-Fax & Wins!!!
- 8 Simple Ways to Control Stress!
- California License Web Addresses / Loan/Lease Broker Statutes
- Nigeria eMail

Leasing News
Leasing News mailing list

Leasing News, Inc.
346 Mathew Street,
Santa Clara,
California 95050
Fax (408)727-2026
Leasing News Policy Statement
Leasing News Editorial Staff
Mission Statment

Leasing News Virus Info Center
Leasing News