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Broker Relations Manager
Bothell , Washington

Build/manage broker base. Provide guidance to new brokers. Work with "full financial" credit packages, “story” & non-standard credits from $25,000 to $450,000.
e-mail or
fax resume: 425.806.1813 .

Our new business is sourced exclusively through brokers.

Monday, February 25, 2008


Classified Ads---Senior Management
    FTC-IFC “Bench Trial” –Up-Date
        Part II—“Inside Lease Fleece”
Classified Ads—Help Wanted
    Cartoon----Limo Drivers
        Top Stories - February 18--February 22
New CLP Foundation Officers and Board
    March 11, 2008 Equipment Finance Conf
Leasing 102 by Mr. Terry Winders, CLP
How much do you know about leasing?
    Mr. Terry Winder’s Poker Tables for Sale
News Briefs---
    You May have Missed---
        Sports Briefs---
"Gimme that Wine"
    Calendar Events
        Snapple Real Facts
Today's Top Event in History
    This Day in American History
        Winter Poem
    Daily Puzzle
    Provence, France-Vacation
News on Line---Internet Newspapers
Santa Barbara Independent

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


Classified Ads---Senior Management

Atlanta, GA
Strong sales and leadership skills; demonstrated with sales training and sales performance. Lead team in both regional and national operations and developed marking programs.

25+ yrs exper. management roles Chase, AT&T Capital, Heller Financial, SFS. Develop biz from “scratch to success”. Looking for challenging & pioneering job.

Northern California
CLP - Director of Customer Finance for Fortune 500 manufacturer. Program development, credit, closing, sales training, portfolio mgt.

Philadelphia, PA
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.

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

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



FTC-IFC “Bench Trial” –Up-Date

FEDERAL TRADE COMMISSION ilndce 1:2007cv03155 06/06/2007 890
Federal Trade Commission v. IFC Credit Corporation

The work by the following attorneys has been hot and heavy with many documents recorded on Pacer and WestLaw in the case of the Federal Trade Commission vs. IFC Credit Corporation, Morton
Grove, Illinois regarding NorVergence leases.

Beth Anne Alcantar, IFC Corporation Attorney
Vincent Thomas Borst, Askounis & Borst, P.C.
David Alexander Darcy, Askounis & Borst, P.C.
Debra Rose Devassy, Askounis & Borst, P.C.
Kenneth D. Peters, Askounis & Borst, P.C.
Stephen Charles Schulte, Winston and Strawn
Jeffrey Mark Wagner, Winston and Strawn
Peter Deeb, Frey, Petrakis, Deeb, Blum & Briggs, P.C.

“Expert discovery is to be completed by 3/14/08. Dispositive motions are due by 3/28/08; Motions in limine due by 4/1/08. Final pretrial order due by 4/10/08. Pretrial Conference is set for 4/21/08 at 2:00 p.m. Bench trial is set for 4/28/08 at 9:30 a.m ...” before United States District Court, Northern District of Illinois Magistrate Judge Jeffrey Cole.

This is not a jury trial.

It will be very interesting to see who is called as a witness as well as a legal expert. If John Estok is called, his testimony may be independent as he resigned from IFC and was directly involved with
the NorVergence leases. He may have signed private agreements, and if so, IFC may be paying his attorney fees, or he may have another story to tell.

As files are being recorded for the bench trial, depositions and legal expert testimony also will be recorded (and some it may have been, but delayed in the services.) All of this will be public record, and it will be interesting for readers to learn who the legal experts are, but their viewpoint. Most likely IFC will call on the Alta Group, a leader in providing expert testimony, and perhaps even the past president of the Equipment Leasing Association Michael J. Fleming may be involved as he is now one of the partners, or it could even be the number one man, John Dean, past president of the Equipment Leasing Association, as well as a former partner of international leasing expert Sudhir Amembal.

Who the FTC will call upon will also be very revealing. Certainly this one trial will be costing IFC Corporation as much as $300,000, and if taken from the very beginning, maybe a half a million dollars.
They certainly have a lot riding on it.

An escrow account since the agreement of a bench trial seems to a current issue, as this statement is on record from the FTC:

“Circumstances have changed, however. The Cook County Circuit Court denied IFC’s motion for a stay,2 and IFC’s collections from settlements and the Weir group ballooned from the $6,136 collected in November 2007 to more than $30,000 in December 2007 and $138,008 in January 2008.3 The $5,000 monthly payment is no longer adequate. With no meaningful escrow requirement, IFC is free to dissipate these funds, thus draining an important source of consumer redress.

“Such changed circumstances were contemplated by the Court and the parties at the time the Order was negotiated. Indeed, paragraph 4 invites the instant motion by stating, “The amount of this deposit is subject to further discussion between the parties and the Court.” The FTC now requests that this Court order that, until a final ruling in this case, IFC deposit all the funds it collects from NorVergence consumers into an escrow account. Trial is currently scheduled to begin in less than three months, so the escrow arrangement should be short term. The FTC also asks that IFC be ordered to make a one-time payment of $160,000 into the escrow account to compensate for the amount in excess of $5,000 collected in December and January from settlements and the Weir group

“The FTC respectfully requests that IFC be ordered to deposit all the funds it collects from consumers into an escrow account. The FTC also asks that IFC be ordered to make a one-time payment of $160,000 into the escrow account to compensate for the amount in excess of $5,000 collected in December and January from settlements and the Weir group.

feb 14, 2008”



Part II—“Inside Lease Fleece”--- by Christopher Menkin

(None of the information regarding CapitalWerks/Preferred Lease comes from Mr. Raeder or Mr. McQuitty after the US Attorney made “Operation Lease Fleece” public. The information is in Leasing News archives and obtained during the prior period.)

In Part I the key players behind the operation to defraud funders of leases were introduced.

In November, 2007 the FBI investigation dubbed “Operation Lease Fleece” charged 23 in their roles in a fraud scheme that allegedly caused more than $20 million in losses to several lending institutions that believed they were financing equipment leases. All 23 have admitted and signed an agreement, most with both fines and jail time.

According to reports in other media, the three ringleaders were Jim Raeder, CapitalWerks, Mark McQuitty, CapitalWerks, and Adam Zuckerman, Brickbanc Capital. Five of the 23 worked at CapitalWerks and 4 of the 23 worked at Brickbanc Capital. Both Jim Raeder and Mark McQuitty, perhaps better known from their involvement in Sierra Cities and Republic Leasing of Southern California, are well-known in the industry; notorious might be a better description, as stories of the weekly and monthly “rewards” for their salesmen have been making the rounds at leasing conferences for years.

Mark McQuitty

Jim Raeder

Adam Zuckerman

McQuitty and Raeder rented offices in Zuckerman’s building to house two operations that McQuitty had in place, plus another enterprise with the purpose of providing sales leads. The three discussed the proposal along with Tim Lewison, CapitalWerks operation manager. There were several other people at the meeting at the several meetings on the same subject. Leasing News spoke with them about the plan, and since they are to be indicted, since they have not signed an “information,” their names will be withheld. One is a long time vendor of CapitalWerks and other Southern California leasing companies, who says he is also a regular reader of Leasing News.

According to Tim Lewison, his role was to determine how many cubicles at the building they actually could use for what he considered a “call center.” At this meeting he met Adam Zuckerman, saw the building, and remembers strongly recommending against moving to the location.

In a telephone conversation, he told Leasing News he was not in favor of having salesman work out of the Heatrock location, didn’t like the “backdoor aspects,” didn’t trust Adam Zuckerman at all, and without direct control, the operation would get out of hand, especially if CapitalWerks salesmen started going direct to Zuckerman, behind their back. He called it using the “back door.”

Despite the warning, McQuitty reportedly invested $50,000, plus allegedly provided other support, which several sources have confirmed. One of the key points in CapitalWerks buying Preferred Leasing in Nevada was obtaining the software that David Murray had developed using Dun and Bradstreet, Faire Isaac and other sources. He had developed this from Trans World Leasing concept of sending credit cards in the mail. He grew Direct Capital in Maine until his relatives got tired of his spending habits, several sources have relied to Leasing News, including his ex-partner (Leasing News has written about it. Murray later went to Intuit and developed software there for Quicken/TurboTax with Tom Allanson the ex-president of GE Colonial Pacific Leasing, one of their major funders. )
His plan was to provide the leads to college students, train them to follow a script, then sell the leases to others that met certain benchmarks. He never described his operations as a leasing company, but a marketing company, recording leases as sales on the financial statement; not leases or loans.

When CapitalWerks purchased Preferred Leasing Corporation, Murray allegedly took a copy of the software and routine and began bringing it to companies in Southern California as a “consultant.” Two of them are very large now. Raeder at the time told Leasing News he could not prove anything and also was concerned that the software program and concept of choosing industries was now with too many leasing companies. He wanted to develop a new program. And that’s where Adam Zuckerman’s Brickbanc Capital came in and attracted both McQuitty and Raeder.

Zuckerman, who was a master of automated sales, learned from his gaining memberships for physical fitness clubs, considered by all he have met him as a fast talker, a promoter who they say was almost as good as he described himself, was at the time hawking by automated telephone calls, and other means, pre-paid legal plans for businesses.

The early campaigns for CapitalWerks were 100% new equipment, primarily aimed at specific asset groups such as high tech, telecom, and they were definitely bringing in leads. The problem they found
was even though they had good time in business and met consumer credit scores, their business credit scores were not that good and the new Dun and Bradstreet ratings had changed since the program they had licensed.

The CapitalWerks salesmen evidently were not able could not get financial statements or overcome the credit problems. They followed a “script,” and all the transactions were “application only,” unless a new business. So even though they were signing some, getting advance rentals, they couldn’t get them approved at Financial Pacific or GE third party.

According to sources involved, Zuckerman approached this as he did his pre-paid legal program selling in figuring a way to overcome the paydex score and other problems they were running into.
He started a service to improve a business’s credit reports, Dun and Bradstreet, trades, change banks, keep larger amounts of cash or borrow the cash, and earned a fee doing this, which then also enabled CapitalWerks to get the transaction approved.

During this process, Zuckerman reportedly found a method to raise cash for the applicant with a disguised sale/leaseback through vendors part of the operation and using Mark McQuitty’s companies and Jim Raeder’s contacts. Everyone along the way was making money on the transaction. It was at this time that he started to grow Brickbanc and move away from CapitalWerks as there obviously was more money eliminating the middle man. He learned to coach brokers to become “vendors,” and even got into bank and trade manipulation.

Reportedly within six months BricBanc was doing $3 million to $5 million a month in gross business for the broker channels. Allegedly 80% was working capital with about 20% combination working capital and new equipment.

At this cross road in the new direction of Brickbanc Capital at the Heatrock building, Raeder was having great difficulty in controlling salesmen going through the “backdoor,” keeping advance rentals, and he was more and more concerned with the sources CapitalWerks had set up rather than what he considered a very loose operation, he alluded to Leasing News on several occasions at the time.

From out of no where, allegedly an ex-employee who left, tried to blow the whistle, sending an e-mail to leasing associations, funders, and to LeasingNews .

“A scheme is being perpetrated on your company that is potentially larger than NorVergence and which will result in tens of millions of dollars in portfolio losses. You are at risk if you are either working directly with Capitalwerks/Preferred Lease the company responsible for the fraud or; if you have any of the following, but not limited to, vendors in your portfolio-EcoTech, Trynetics, Delta Services, Sebrim Systems, I-Systems, Infinity Services, MacroTech, and Add-on Computers. We even have a DBA of Capitalwerks/Preferred Lease set up to legitimize these transactions- Working Capital Technologies of America.

“This is how it works. Capitalwerks/Preferred Lease identifies a company looking for a working capital loan through one of their thousands of cold calls. The call from Capitalwerks/Preferred Lease starts with an inquiry about an equipment lease but then takes a turn when the potential lessee says they have a need for a loan but they do not have any equipment needs.”

Readers may remember the story that appeared in Leasing News and how McQuitty had traced the sender to a Kinko’s store computer and via a video camera identified him as an ex-employee working at Balboa Capital. Patrick Byrne, the president of Balboa Capital, denied all this, saying not to believe anything Jim Raeder may say. Raeder in turn told Leasing News he settled the matter for cash to not talk further about it.

Leasing News looked into the “accusations” in the email, contacting all the parties named by telephone, as well as speaking to many of those who the email was addressed. After 45 to 60 days, there was a lot of information, but basically it was a dead end. It took the FBI to establish a “sting operation,” penetrate the group, get participates to cooperate and obtain evidence that could
be introduced in a court of law. They invested more than two years and manpower and the process is moving forward in federal court this year.

During this time of the email, which turns out to foresee what the FBI discovered, Leasing News was getting many complaints about CapitalWerks/Preferred Lease keeping ‘advance rentals.” Ironically many of the companies named by the US Attorney, and to be named, were those Leasing News was receiving complaints regarding not funding leases and keeping advance rentals.

CapitalWerks was the number one, with fifty to sixty over the next few years. During this time Jim Reader got involved in all the complaints, either getting the lease application funded to the satisfaction of the complainant, or the deposit returns.

Readers not aware of the common practice, but salesmen often get paid their commission from the advance rental, especially if it is 3% to 5%, or have it applied to their commission draw account,
and some lessors split the advance rental, if not returned to the applicant, when the lease does not advance. This was true at Preferred Lease under Murray’s operation, and the procedure told
to Leasing News by other sales managers and company owners that it was common to split advance rentals with both salesmen and brokers, especially if the lessee backs out of the proposal. The
situation in all was not the applicant backing out, but the lease not going ahead, or at a shorter or higher interest rate or additional collateral, or not being approved at all.

It became obvious in the many conversations with Raeder that some of his salesmen had left the company, especially when the complaints were six months to a year old by the time they reached Leasing News. There were times Raeder had the salesman call to apologize for what was promised, but not delivered. It was obvious he appeared not that much in control of what the salesmen were promising applicants.

Raeder always returned a telephone call. Always got involved. My impression was that he was very frustrated with the situation and wanted desperately to keep a clean bill of health with his funders
and those he discounted leases to. He seemed very adamant about this; at times, almost angry. There was a period of time when Leasing News had ten complaints at one time regarding advance
rentals with CapitalWerks. Applicants would tell us they were in contact with Raeder or their salesman at CapitalWerks. To sum this up, Raeder satisfied every complaint to Leasing News: 100%

During this time, it appeared he and McQuitty were losing control of what was happening internally, they got hit along with Alliance Funding with a New York Times story and then a major law suit in Alabama from their faxing of “lease approvals.”

CapitalWerks made the New York Times
in a story about keeping advance rentals on leases that did not go through. Even then president of the Equipment Leasing Association, Mike Fleming, got involved in defending the practice and two companies named regarding the purpose of advance rentals and deposits.

CapitalWerks never held a California Finance Lenders License, which spells out that they also cannot do business with someone who is not licensed and also spells out various procedures. In addition, Leasing News could not find any of those involved, or to be involved, licensed in the various states that require a license to not only do finance business, but accept deposits, advance rentals, and defines procedures in their state, which also included having a license.

The BricBanc faxing got CapitalWerks in a lot of trouble. Several suits were threatened, brought to action, and the most serious was in Alabama where Raeder hired Barry Marks, Esq. ( Marks was located in Alabama and he thought a local attorney would help in a small Alabama town.) The jury awarded a $900,000 judgment and it hit all the newspapers across the country. (Later the judge threw out the award as being too high, but at the time it was rumored CapitalWerks was going out of business due to the judgment.)

After this news, and the loss of control to the “back door” operation,
the key staff bolted and left as a group to go on their own.

Tim Lewison’s original observation seemed to have come true.

Raeder to reveal culprit from Kinko’s video

Fleming on NY Times story

Jim Raeder Responds to Criticism of CapitalWerks

Alabama judgment



Leasing Industry Help Wanted

Broker Relations Manager

Broker Relations Manager
Bothell , Washington

Build/manage broker base. Provide guidance to new brokers. Work with "full financial" credit packages, “story” & non-standard credits from $25,000 to $450,000.
e-mail or
fax resume: 425.806.1813 .

Our new business is sourced exclusively through brokers.



Los Angeles, CA

Require Great Plains & 5+ yrs of accounting exp.  CPA & exp. in equip. leasing are desired but not required.  Must have BA in accounting/finance field. Send resume to

About the Company : Jules & Associates, Inc. is at forefront of the equipment finance industry.  Founded in 1989, we have been ranked twice by Inc. Magazine as one of the fastest growing companies in the U.S.

Lease Officer


SMALL TICKET LESSOR, providing superior service for 35+years Transactions- $10Kto $1MM, Seeks seasoned sales professionals To learn more: sandyspringbank.tms or contact Scott Wheeler at

Senior Credit Analyst

Senior Credit Analyst

Westport, CT.

Captive construction equipment finance background preferred;flexible adaptive team player w/8 years  underwriting exper. For more info/to apply click here.

A Fortune 500 construction equipment manufacturing company.





Top Stories - February 18--February 22

Here are the top ten stories most “opened” by readers last week:

(1) Marlin Leasing Stock downgraded

(2) Marlin Stock falls after Financial Report

(3) Two Lease Officers defrauded Sterling $200MM

(4) Leasing 102 by Mr. Terry Winders, CLP
“The Economic Stimulus Act of 2008”

(5) Heritage Pacific Leasing for Sale

(6) Hillcrest Bank’s new commercial leasing program

(7) Archives--Who is John Estok? 02/26/2006

(8) Studebaker-Worthington sold?

(9) Capital Stream sold to India company

(10) Sales Make it Happen by Linda P. Kester
Managing and Motivating Your Sales Force



**** Announcement **********************************

New CLP Foundation Officers and Board Set for 2008

The Certified Leasing Professional Foundation Board unanimously approved
the slate of new officers for 2008.

We are pleased to announce the CLP Foundation Board of Directors for 2008:

President: Robert Teichman, CLP - Teichman Financial Training
Vice President: Marci L. Slagle, CLP - Varilease Finance, Inc.
Secretary: John G. Rosenlund, CLP - Radiance Capital, LLC, Tacoma, WA
Treasurer: Virginia Piazza, CLP - Premier Lease and Loan Services
Past President: James K. Merrilees, CLP - QuikTrak, Inc.


Joseph G. Bonanno, Esq., CLP - Law Offices of Joseph Bonanno
Kevin F. Clune, CLP - Clune & Company, LC
Robert Crivello, CLP - Windsor Capital Finance, Inc.
Shari L. Lipski, CLP - ECS Financial Services, Inc.
D. Paul Nibarger, CLP - Nibarger Associates
Nancy Pistorio, CLP - Madison Capital, LLC
Vicki Shimkus, CLP - Pinnacle Business Finance, Inc.
Terry Winders, CLP - Winders Consulting Co., Inc.

There are 202 Certified Leasing Professionals, according to the CLP web site:

The CLP Foundation is the official governing body for the Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism in the leasing industry. This designation identifies and recognizes individuals within the leasing industry who have demonstrated their competency through continued education, testing and conduct.

We invite you to visit our web site -- for detailed information about the CLP Foundation and the CLP Program. For further information about our Mentor Program and Anonymous Test Taking Program, please contact Cindy Spurdle at 610/687-0213 or

Cynthia W. Spurdle
Executive Director
CLP Foundation
PO Box 302
Wayne, PA 19087
PH: 610/687-0213
FAX: 610/687-4111



March 11, 2008 Equipment Finance Conference

Over 100 investors and leasing company executives have confirmed to attend the Seventh Annual Investors’ Conference on Equipment Finance, March 11, 2008, Marriott Marquis Times Square,
New York, New York.

List of Keynote Speakers:

Program Agenda:



Leasing 102

by Mr. Terry Winders, CLP

How much do you know about leasing?

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 training. If you would like to share with you staff, please go ahead as the answers will not be given until next Monday.

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 can not 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 can not 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 a 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

Save your answers to see how many you got right—Next Monday.

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

Previous #102 Columns:



Mr. Terry Winders’ Poker Tables

Terry’s hobby is not only playing poker, but building poker tables.
He built one for himself, and when his poker friends came over to play, they wanted him to build one. Now he builds them not only as a hobby, but a side-line business.

“They are all solid walnut except the Base board. They are therefore very heavy. I sell the plain ones for $2450, the one with a bumper all the way around for $2695 and the one with the red bumper and chip holders for $2995. The color of the bumpers and the color of the felt can be any color the person wants....The purchaser must pay for shipping....”


Chairs not included:

Bumper all around:

Chip holder and bumpers version

Get an audit or a CD or training or poker table
from Mr. Terry Winders, CLP:





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“Gimme that Wine”


Wine Prices by vintage
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Winery Atlas
Leasing News Wine & Spirits Page
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.



Calendar Events This Day

Clam Chowder Day

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National holiday. Commemorates the 1978 accession of King Shaykh Sir ‘abdullah Al-Salim al-Sabah

Opera Day

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Saint feast Days



US Presidents who never had children: George Washington, known as the "Father of the Country," James Madison, Andrew Jackson, James Polk, James Buchanan, and Warren Harding.



Today's Top Event in History

 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.


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- 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.
    1945- 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.
    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
    1969---*MORGAN, WILLIAM D. Medal of Honor
Rank and organization: Corporal, U.S. Marine Corps. Company H, 2d Battalion, 9th Marines, 3d Marine Division. Place and date: Quang Tri Province, Republic of Vietnam, 25 February 1969. Entered service at: Pittsburgh, Pa. Born: 17 September 1947, Pittsburgh, Pa. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a squad leader with Company H, in operations against the enemy. While participating in Operation DEWEY CANYON southeast of Vandergrift Combat Base, 1 of the squads of Cpl. Morgan's platoon was temporarily pinned down and sustained several casualties while attacking a North Vietnamese Army force occupying a heavily fortified bunker complex. Observing that 2 of the wounded marines had fallen in a position dangerously exposed to the enemy fire and that all attempts to evacuate them were halted by a heavy volume of automatic weapons fire and rocket-propelled grenades. Cpl. Morgan unhesitatingly maneuvered through the dense jungle undergrowth to a road that passed in front of a hostile emplacement which was the principal source of enemy fire. Fully aware of the possible consequences of his valiant action, but thinking only of the welfare of his injured companions, Cpl. Morgan shouted words of encouragement to them as he initiated an aggressive assault against the hostile bunker. While charging across the open road, he was clearly visible to the hostile soldiers who turned their fire in his direction and mortally wounded him, but his diversionary tactic enabled the remainder of his squad to retrieve their casualties and overrun the North Vietnamese Army position. His heroic and determined actions saved the lives of 2 fellow marines and were instrumental in the subsequent defeat of the enemy. Cpl. Morgan's indomitable courage, inspiring initiative and selfless devotion to duty upheld the highest traditions of the Marine Corps and of the U.S. Naval Services. He gallantly gave his life for his country.
    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
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

Sweet and Bitter

        by Barbara Reiher-Meyers

Leaden lake, silent and dark;
coaxed to ripple under Winter’s touch.
I watch as a fragile feather

Crows rummage through
                                of snow
            on February’s lawn.

A dead leaf, imprisoned in chain link fence imitates
        the flutter
                    of a bird.

Barbara Reiher-Meyers is a Long Island, New York poet, board member of the Long Island Poetry Collective. She curates the Long Island poetry calendar for, runs monthly workshops in Ronkonkoma, sends weekly emails of local poetry events, and has edited several volumes of poetry. Sounds Familiar is the title of her first book.




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