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Friday, January 5, 2007


    Leasing News Advisory Board Member
    Dan Pulcrano, Publisher
        Classified Ads—Sales Manager
Cartoon—Older dog to younger dog
    Paul A. Larkins---“Others”
        Funding List: Cashmere Valley Bank
IFC Credit Hits the Mat Again
    Leasing Business could be better
        Placard—Please six good months
Future Looks Bright, but not South
    Indian equipment to reach $ 4.2 Bn
        Official: Ingram at Lakeland Bank
GE Capital latest acquisition
    Five Point names Holden VP I.T
        Robert Volk Joins Main Street Bank
Loren J. Luke PHH Firstfleet
    News Briefs---
        You May have Missed---
California Nuts Brief---
    Sports Briefs---
        "Gimme that Wine"
    Calendar Events
Snapple Real Facts
    Today's Top Event in History
        This Day in American History
    American Football Poem

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



The eMail headline version that was sent out Wednesday had an incorrect format that quite annoys me. The award should not have been beneath the portrait of former President Ford, but at the end
of the headlines---and there was to be no advertisement in the eMail headline version.

The web site layout was correct. In addition, we saluted former President Ford in our classified ads with a photograph and information that I did not see the other media mentioning (At birth, the 38th U.S. president was christened Leslie King by parents struggling with their marriage. After the Kings' divorce, his mother was remarried in Grand Rapids, Michigan, to Gerald R. Ford who adopted and renamed her infant. In the dark about his early years, a 16-year-old Jerry Ford was shocked when a stranger approached him to say, "Leslie, I'm your father."), plus we had a poem dedicated to him along with two photographs of his service in the US Navy in World War Two.

Unfortunately I do not review the work completed at 3:30am
and then sent out. I apologize for this web master layout error.

Christopher Menkin,



Leasing News Advisory Board Member:

Dan Pulcrano, Publisher

Dan Pulcrano joined the Leasing News Advisory Board on September 29, 2005. It is interesting to note that he does not want his picture on the internet or even his e-mail shared, as he states he gets too
many now.

A personal friend of Kit Menkin, who has sat on his newspaper and internet advisory boards, helped raise money for ventures that Dan serves as president, and also serves on Dan’s board of directors as a stock holder. Almost fifteen years ago Dan purchasing the names of most US cities, many which he has sold. He also developed perhaps the first platform to highlight city council and other
local activity. The platform on Apple Computers had trouble in compatibility with Windows that the die-hard Apple user would not change. Along the way, he acquired with his company and ran 20 community newspapers, plus starting several “alternative” print newspapers.

A bachelor who works twenty hours a day, he also is very much involved in San Jose politics, plus very much enjoys the night life with backstage passes and special invites. Despite this tempo, he continues to be on the leading edge on the World Wide Web, brilliant in grasping ideas, and also really smarter than the many internet technicians who work for his companies on World Wide Web concepts. He some how still finds time to write occasional editorials and features, and give advice to Leasing News (“Your ads are too cheap; raise prices and get long term contracts with better pricing
for the commitment.”)

Dan Pulcrano
Metro Newspapers
San Jose, California

Dan Pulcrano is founder, CEO and Executive Editor of Metro Newspapers, a group of locally-based weeklies that includes Metro Silicon Valley, Metro Santa Cruz and the North Bay Bohemian in California's wine country.

In 1993, Pulcrano founded an Internet company that grew into Boulevards, the world's leading network of sites. Its properties include San, Los,, and more than 200 others. In 2004, it acquired an interest in the network.

Pulcrano also oversaw the creation of Silicon Valley Community Newspapers, which was sold by Metro in 2001. Before Metro, he worked for the San Diego Reader and the L.A. Weekly as a writer working his way up to editor. He was editor of the Los Gatos Weekly, active in the community, and began the syndication of local newspapers before starting the Metro Newspaper Group.
He founded and served as first president of the San Jose Downtown Association, a group that has been a leader in revitalizing downtown San Jose. He has served as president of the Hakone Foundation, as a trustee of Ballet San Jose and as a volunteer with Best Buddies, which promotes innovative programs for people with intellectual disabilities.



Classified Ads—Sales Manager

Ricky Bobby at Talladega Superspeedway *

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.

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.

Geneva, IL
Leasing leader seeking sales manager, senior sales/business development, marketing or strategic planning opportunity. Twenty plus years in the business. Looking for a new challenge.

Marlton, NJ
25 years exper. Promoted to sales manager after attaining highest percentage of quota for 2 years. Increased business by 50% over two years as sales manager.

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.

These job-wanted ads are free. We also recommend to both those seeking a position and those searching for a new hire to also go to other e-mail posting sites:

In addition, those seeking employment should go to the human resource departments on company web sites for funders, captive lessors, and perhaps “broker-lessors.”

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

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

* This aerial panorama of Talladega Superspeedway was taken during a NASCAR NEXTEL Cup Series race by James Blakeway. Located on 3,000 acres of land near Talladega, Alabama, this 2.66-mile tri-oval track made its debut on September 13, 1969, with the 'Bama 400 Grand Touring race. The grandstand's seating capacity is 143,231 and the 212-acre all-reserved infield holds many thousands more. Talladega Superspeedway is the biggest, fastest and most competitive superspeedway in the world. Holding records for the fastest 500-mile stock car race at 188.354 mph and the most lead changes in a race with 75, it is widely known as "NASCAR's Most Competitive Track".





Paul A. Larkins---“Others”

Here is the reaction from Paul A. Larkins, President and Chief Executive Officer, Key Equipment Finance, Superior, Colorado, on being named Leasing News Person for the year 2006:

“Thank you.

“I am honored...really flattered. In fact, the recognition should go to the teams of people that I have the good fortune to work with. They are hard working, bright, and focused. Again, thank you.”

Paul A. Larkins
Key National Finance
Superior, Colorado, U.S.A.
fax (+)720-304-1251




Funding List-Up-Dated: Cashmere Valley Bank

A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen

In Business Since Contact
Leasing Association
Business Reports
Cashmere Valley Bank
"The little Bank with the big circle of friends."
Joe Swanson
Western States
$5,000 to $5,000,000




IFC Credit Hits the Mat Again

by Christopher Menkin

In its second match, the Chicago boutique law firm of Adamski & Conti again knocked out IFC Credit Corporation in “its attempts to enforce equipment leases fraudulently induced by the now-defunct telecommunications giant, NorVergence,” as described by Managing Partner Gregory Adamski.

Managing Partner Gregory Adamski

Findings of Fact & Conclusions of Law pursuant to Federal Rule of Civil Procedure 52 were filed December 27 and are now public regarding IFC Credit Corporation vs. Kay Automotive Distributors Inc.

United States District Judge Virginia Phillips of the Central District of California invalidated four NorVergence leases signed by Kay Automotive after a two day bench trial. In an opinion dated December 20, 2006, and filed on December 27, the Court held that the leases were signed by a low level Kay Automotive employee who lacked any authority to contract for the company.

Representing IFC Credit Corporation was D. Alexander Darcy, Askounis and Borst, Chicago, Illinois. Also representing Kay Automotive was Karen Conti, Adamski and Conti, Chicago, Illinois.

Managing Partner Karen Conti

This victory follows Adamski & Conti's jury trial win over IFC Credit Corporation, Morton Grove, Illinois, against the enforcement of other fraudulent NorVergence leases in Chicago, Illinois, in August 2006 regarding United Business & Industrial Federal Credit Union.

IFC Credit originally filed the Kay Automotive lawsuit in the United States District Court for the Northern District of Illinois on September 9, 2004. The case was transferred to the Central District of California on August 5, as the company is located in Ontario. The parties waived a jury trial, and the matter was tried to the Court on November 7 and November 8.

In the United Business jury trial, Adamski & Conti proved that its client did not understand that it was contracting for equipment leases without any guarantee of telecommunications services. IFC Credit's post trial motions were denied last month.

Gregory Adamski, who tried both cases, said that "It's not often that the consumer is vindicated as well as Kay Automotive and United Business. “

IFC Credit had no comment on the case, which may be appealed.

The Kay Automotive judgment brought forth IFC Credit's conduct. John Estok, Executive Vice-President of IFC, in other cases first testified about “hold backs,” and in this case presented
the procedure known in the trade as “due diligence.”

Leasing News is attempting to obtain a copy of the trial transcript as it did in the Texas court “hold back” revelation to learn more about what was considered “due diligence” with NorVergence leases by IFC Credit. Those in the equipment leasing business will have a better understanding then of how this situation occurred.

In this particularly case, a relatively low level employee was found targeted by NorVergence. He repeatedly told NorVergence that he had no financial authority to bind the company. All negotiations occurred away from Kay Automotive's headquarters, most at the apartment of the employee. The final leases were signed at the employee's apartment. No officer signed or even saw the leases.

IFC Credit itself recognized the problem before it purchased the lease. It demanded an authorization from Kay Automotive's president. The low level employee was given a blank credit application for the president's signature. He got his signature and then backdated the form. The trial revealed IFC Credit knew that it was given a questionable authorization.

Karen Conti of Adamski & Conti said "This stinks... IFC Credit knew or should have known that it was dealing with a crook. It saw a cash cow and bought it. It tried to hide behind the holder-in-due-course rule. The Court saw through the ruse."

Gregory Adamski added, “We're fully and uniquely prepared and excited to represent the next consumer defrauded by NorVergence or IFC Credit."

Karen Conti and Gregory Adamski also appear on a weekly law talk show on the Chicago Tribune's radio station, WGN.

The firm's web site is:

Mr. Adamski may be contacted at

Memorandum Opinion from United States District Judge Virginia A. Phillips: IFC Credit Corporation v. Kay Automotive, EDCV-5-717 (VAP).

IFC Credit Corporation v. United Business & Industrial Federal Credit Union, 04 C 5905.

IFC Credit “Hold Back” situation:



Leasing Business could be better

by Christopher Menkin

Overall equipment leasing originations declined in October and now November, according to the Equipment Leasing and Finance Association /1 (ELFA) Monthly Leasing and Finance Index (MLFI-25.) The trend follows the Credit Managers Index released on Wednesday as well as other polls.

Here is the month by month MLFI-25 graph:

Despite the report, ELFA President Ken Bentsen remains optimistic.

"Although origination volume appears to have eased in November," he stated,” the degree to which it declined along with the favorable credit quality would indicate a continued positive capital investment posture for the commercial economy."

Bentsen may also been alluding to the new trend of expansion of leasing companies into Europe, such as CIT increasing vendor financing in Great Britain and Germany, GE Capital expanding in India, Citi in China, and much lease financing being generated in the Middle East, particularly in the airline industry. There is also no doubt more captive lessor activity and regional banks becoming more active with professional lessors.

In reality, it may be the declining small ticket marketplace that is affecting the November numbers.

Bentsen in pointing out the positive aspects of the MFLI report noted “portfolio quality remained about the same, with receivables over 90 days flat at 1.1 percent...”

“...and average losses improving slightly over the prior period.”

“The trend toward enhanced credit scrutiny continues, with credit approval ratios matching their lowest for the year: 78 percent of all submitted deals.”

“Total employment headcount increases, even if slightly, continuing a growth trend indicated in 10 of the last 11 months.”

ELFA MLFI-25 Participants

ADP Credit Corporation
Amsouth Leasing Corporation
Bank of America Leasing
Bank of the West
Canon Financial Services
Caterpillar Financial Services Corporation
De Lage Landen Financial Services
First American Equipment Finance
GreatAmerica Leasing Corporation
Hitachi Credit America
HP Financial Services
Irwin Financial
John Deere Credit Corporation
Key Equipment Finance
LaSalle National Leasing Corporation
Marlin Leasing Corporation
National City Commercial Corp.
RBS Asset Finance
Siemens Financial Services
US Bancorp Leasing & Financial
US Express Leasing
Verizon Capital Corp/Verizon Credit
Volvo Financial Services
Wells Fargo Equipment Finance





The Future Looks Bright to Western Small Businesses but Not to Southern Firms - A recent national study reported on the opinions of small business managers and owners on how national and international issues could impact their businesses in the coming year and the results showed marked differences in separate regions of the country.

The International Profit Associates Small Business Research Board (IPA SBRB) reported on a regional basis for the first time and used attitudes about the direction of the economy, revenue predictions and hiring plans as key ingredients of the poll. More than 550 small business owners and senior managers participated.

Small business managers and owners in Western states displayed clearly the most confidence about prospects for the next 12 months, with a 45.9 Small Business Confidence Index (SBCI). Far less confidence was reported in the near term forecast for the South and Southeastern regional states, with a 38.2, according to the IPA SBRB poll results.

"We know there are strengths in the small business sector and we are hearing about predictions for growth through 2007. However, the most recent poll-- and specifically the regional breakouts-- give all of us a clearer picture about the diversity in attitudes," said Gregg Steinberg, President of International Profit Associates. "We now have a benchmark from which to move forward and begin determining critical changes within the regions."

Small businesses in the Northeastern part of the country had a IPA SBCI of 43.47 and the Midwest came in with 42.2.

The small business owners could come to agreement on the most important issues of concern that they all face, which include the cost of energy and materials and trying to contain and meet the increases in health care benefits. All regions also agreed that common goals for 2007 are to decrease expenses and increase revenue.

The confidence shown by the West's small business owners is based on revenue growth and increased hiring predictions. Over 63 percent of western respondents believe the next 12 months will produce higher revenues and 43 percent felt it would exceed 10 percent. Thirty-five percent also said hiring would increase in the coming year.

In contrast, the businesses in the south and southeast were not as optimistic and their outlook on the economy showed the least positive results, with 35.1 percent saying it would improve in the next 12 months and just under 57 percent indicating that they expect revenue to increase. Only 23.5 percent plan to increase hiring.

"While the overall national IPA SBCI was 42.7, it showed a boost in confidence of 3.4 points from the 39.3 index reported at the onset of the third quarter," added Steinberg. "As we have seen from previous years' polls, end of the year exuberance requires that small businesses be pro-active to transfer optimism into reality."

The IPA Small Business Research Board reports the opinions of small business owners and managers on a wide variety of topics that are related not only to their own businesses but also national and international issues that could impact their operations. The study results can be found at
IPA is North America's largest privately-held provider of management consulting and professional services to small and medium-sized businesses (SMSB).



Indian infra equipment ind to reach $ 4.2 Bn by 2010



CHENNAI: With rapid globalisation, evolving technology, increasing infrastructure and the availability of high quality engineering talent, India’s infrastructure equipment ( IE) industry is expected to reach $ 4.2 Billion by 2010 frm $ 1.95 Billion in 2004.

However, to leverage opportunities for growth in domestic and export markets, the industry must focus on enhancing capabilities in R &D, service delivery and human resources management, according to a recent CII-KPMG study on the industry.

India has a large domestic market for infrastructure equipment, pegged at nearly $ 1.9 billion with a growing and skilled workforce. India also ranks amongst top three of 30 nations in terms of availability of skilled labour force and has one of the lowest labour costs per hour compared to other developed and developing countries.

The new infrastructure investment by the government and private sector put together for 2004-09 is pegged at $ 141 billion. This is expected to translate to a demand for IE of about $ 18 billion.

The market size comprised primarily of products sales from the organised sector and the unorganised sector accounted for 15-18%.

Earthmoving and road construction equipment with a turnover of $ 1.09 billion, was the biggest segment in the organised sector, accounting for nearly 68% of the turnover. The market size for Indian tunnelling and drilling equipment used in mining applications was estimated at about $ 216 million. It accounted for about 13% of the organised sector.

The material handling equipment market was estimated to be $ 160 million, accounting for 10% of sector turnover. Cranes account for more than 60% of this segment, followed by forklifts. While concreting equipment and material preparation equipment together accounted for about 9% of the organised market.

The spare parts revenues as a percentage of total sales for representative players ranged from 20% to 29%, according to industry estimates.

In the concrete equipment segment, nearly 50% of the total size of the segment is unorganised. Ready made concrete (RMC) has a penetration of only 13% in India.

The CII study said engineering services outsourcing is a key opportunity for the industry. It is estimated the overall engineering and design services outsourcing from India could be about $ 1.8 billion by 2008. Exports of Indian IE were estimated at $ 35 million in 2004-05.

India's IE industry is also assured of easy finance. The IE financing industry in India has been growing at over 38% in the last three years. Leasing in India had a penetration of 2% in 2002, estimated to be 5% in 2005, and expected to be 15% in 2008. The size of IE financing in India was $ 909 million in 2004. This industry has been growing at 38% CAGR since 2002.

Renting of IE is emerging as a preferred model globally, as if offers multiple benefits to end users, such as avoidance of large capital investments, access to broad selection of equipments and reduction in storage and maintenance costs.

The Study said that the equipment rental market in India is poised for quantum growth. It is estimated that penetration of rentals could go up, from 2% currently, to nearly 20-25% by 2010. Rentals market could reach USD 700 million by 2010.

However, the Indian IE industry lacks the support of a strong vendor base, and is dependent on imports for several components. For example, India continues to import key components for IE such as hydraulic aggregates steel tubes etc. Industry sources also point out the lack of vendors for manufacturing of under carriage for excavators in India. Another key issue is the lack of indigenous capabilities in bearings and tyres for heavy OTR application equipment.

while India has a large pool of manpower there is a shortage of specific skill sets that the industry requires, such as technicians for vehicle diagnostics, maintenance, etc. It points out that lack of indigenous R&D and technology development capability is a key barrier for growth for the industry, as it hampers regular introduction of new products as well as product customisation. CII has urged the need to focus on R&D, as it is quite low in the Indian IE industry, when compared to global players.


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

Robert L. Ingram Appointed Vice President/Director of
Broker Services of Lakeland Bank’s Montville Leasing Division

Oak Ridge, NJ-– Roger Bosma, President and Chief Executive Officer of Lakeland Bank, recently announced the appointment of Robert L. Ingram to Vice President/Director of Broker Services of Lakeland Bank’s Montville Leasing Division.

Press Release photo of Robert L. Ingram (formerly of Sterling National Bank Leasing. editor.
See December 6,2006 story: )

Mr. Ingram graduated from Suny Geneseo with a Bachelors Degree and has fifteen years prior experience in the leasing business industry.

Mr. Ingram resides in New Rochelle, NY with his wife, Michelle and daughter, Sarah. Mr. Ingram can be reached at work by calling 973-882-1515 ext. 229 or by email at

Lakeland Bancorp, the holding company for Lakeland Bank, has a current asset base of $2.2 billion and forty-eight (48) offices spanning six northwestern New Jersey counties: Bergen, Essex, Morris, Passaic, Sussex and Warren. Lakeland Bank, headquartered at 250 Oak Ridge Road, Oak Ridge, offers an extensive array of consumer and commercial products and services, including online banking, localized commercial lending teams, equipment leasing, and 24-hour or less turnaround time on consumer loan applications. For more information about their full line of products and services, visit their website at


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

GE Capital Solutions has Acquired CitiCapital's Marine Finance Division

Acquisition Enhances GE's Position in Commercial Workboat and Passenger Vessel Financial Services

DANBURY, Conn---In a move that enhances its growing role in equipment financing to the marine industry, GE Capital Solutions said it acquired CitiCapital's Marine Finance division, an Irving, Texas unit of Citigroup.

CitiCapital Marine finances and leases commercial workboats and passenger vessels in U.S. and Canadian waters and the Gulf of Mexico.

The acquisition, which closed last week, will add approximately $250 million in assets to GE Capital Solutions' marine portfolio. Terms of the agreement were not disclosed.

"Our growth in Marine financing continues at a double digit pace," said Richard Laxer, president and CEO, GE Capital Solutions. "This acquisition enhances our ability to bring world-class service and options to our customers."

Joseph Pitch, senior vice president, CitiCapital Marine Finance, will join GE as part of the Marine industry team.

GE Capital Solutions finances such vessels as tugs and barges, car and passenger ferries, pilot boats, offshore supply vessels/anchor handlers and dredges and derrick cranes.

GE Capital Solutions provides leasing, lending and capital investment products and services to the construction, manufacturing, IT, financial and automotive industries, among others. It has over $92 billion in assets, serves more than a million clients around the world and is headquartered in Danbury, Connecticut, USA.

GE (NYSE: GE - News) is Imagination at Work -- a diversified technology, media, and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at


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

Gary Holden Named Five Point Capital’s Vice President of Information Technology

SAN DIEGO San Diego-based equipment leasing firm, Five Point Capital has named Gary Holden vice president of information technology. Holden is responsible for the management of Five Point Capital’s IT department. Under his direction, management and staff will strategize and implement cost effective technological solutions to improve efficiencies at the leasing firm. The position demands attention to both technology and automation activities, including web-based applications, software development, computer operations, security and voice/data communications. “Gary’s experience provides Five Point Capital with a commanding vision of what FPC needs to continue its exponential growth. We look to his leadership for the future expansion and direction of our infrastructure and external information systems, “ states President Dan Feder.

Gary Holden has over 20 years of experience in the area of information technology. Most recently as the president of Poway-based Tenth Rock Consulting, Holden provided strategic technology support and senior IT consulting services for companies such as Amgen, LSI International and LEA Detection Systems. Additionally he served as VP Information Technology and Systems for dj Orthopedics. Holden also held the position of Director of IT at San Diego-based firms, Mitsui Vendor Leasing, Dole Foods and Merck & Co. Inc., Kelco Division.

Holden received his BS degree in Industrial Engineering from Northeastern University in Boston. He also completed Management and Finance for Non-Financial Executives program at Columbia University in New York City. He resides in Poway with his wife and three children.

About Five Point Capital
Emerging as one of the nation's leaders in small ticket leasing, Five Point Capital (FPC) was founded by Dave Gilbert and Dan Feder in 1999 under the principle that “leasing can help any company grow.” Currently the San Diego-based firm employs over 160 and occupies 37,000 sq. ft. at 10525 Vista Sorrento Parkway in San Diego. Five Point Capital currently serves thousands of businesses nationwide, and has doubled revenues annually since its inception. Small businesses benefit with their high performance customer service and personal attention. Each client is assigned an account executive who has specific industry knowledge about the client’s business. Five Point Capital leases almost every type of new and used equipment for a wide diversity of businesses including, but not limited to: trucking, restaurants, automotive repair, construction, excavation, multimedia, manufacturing, telecommunications, printing, packaging, waste management, and more. FPC ranked No. 82 on the 2006 Inc.500 America’s Fastest Growing Private Companies. FPC placed No. 9 on the 2006 San Diego Business Journal’s List of San Diego’s Top 100 Fastest Growing Privately Held Companies. The firm has been appeared in Inc., ELA Online,, as well as on San Diego’s Inside Business radio. FPC is a member of the Equipment Leasing Association and the United Association of Equipment Leasing. Visit For more information, call (888) 576-4685.


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

Robert Volk Joins Main Street Bank

KINGWOOD, TEXAS, – Main Street Bank, Kingwood, Texas, is pleased to announce the appointment of Robert "Bob" Volk as Business Development Manager for the AAHOA Leasing Program. Volk will be focusing on providing equipment leasing and financing for members of the Asian American Hotel Owners Association (AAHOA). Volk previously worked with ORIX Credit Alliance, First Sierra and American Express in serving AAHOA property owners.

Main Street Bank, an allied member of AAHOA, offers a wide range of leasing and financing programs with features including accepting requests up to $150,000 on an application-only basis from seasoned hotel owners. Volk will be introducing a fitness franchise concept designed to replace the traditional fitness room amenity that, for most properties, loses money and is expensive to upkeep. Bob will continue to specialize in offering financing options for the usual line of products used in the motel and hotel business such as air conditioners, furniture, televisions, door locks, computers and telephone systems, mini-bars, ice machines, kitchen equipment and many other products.

Main Street Bank, an FDIC insured bank established in 1984, maintains retail-banking offices in the Houston, Texas market and is a national leader in commercial equipment lease financing. The bank is excited about Bob Volk joining its team of professional leasing and financing specialists, and invites Bob's former customers and new ones to give him a call, toll free, at 866-404-3999 or reach him by e-mail at


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

PHH Firstfleet Names Loren J. Luke VP of Business Development, Lease Origination Group

FORT LAUDERDALE, FL – – PHH FirstFleet, a national provider of asset management and other services to North America’s private truck fleets, announced the appointment of industry veteran Loren J. Luke as vice president of business development, Northeast Region, Lease Origination Group. In this position, Luke will be responsible for developing new business prospects and securing leasing contracts for tractors, trailers, heavy, medium and up-fitted light-duty trucks and equipment. In addition, he will represent PHH FirstFleet at industry events. A seasoned sales executive, he will report to Jeff Smith, senior vice president, business development, North America.

“Loren Luke brings leadership skills, sales acumen and a wealth of strategic expertise in the trucking and leasing industries to PHH FirstFleet, making him a valuable asset to our sales team,” said Michael C. Lewis, president & general manager.

Prior to joining PHH FirstFleet, Luke served as director of sales at Workhorse Custom Chassis (International Truck & Engine Corp.), where he was charged with new business development and managing national accounts, consistently building market share and significantly improving overall sales. Previously, he was national accounts and regional manager for Rollins Leasing Corp., developing marketing and new business strategies, and overseeing a sales team of 16 people in 11 states. Under Luke’s leadership, his sales force became the top regional producer, increasing its account base by nearly 300%. Before that, Luke was a sales manager with Kuppenheimer, where he trained and supervised a staff of 15 and was responsible for new business development. Loren Luke started his career as an officer in the U.S. Army, where he attained the position of captain, executive officer, while managing and supervising more than 130 personnel, with responsibility for assets worth more than $12 million.

Luke will be based in the Northeast (Pennsylvania). He is a Seattle native and a graduate of Eastern Washington University.

About PHH FirstFleet
PHH FirstFleet is a dedicated truck group that combines the truck expertise and capabilities of PHH Arval, a leading fleet management company, and First Fleet Corporation, a national provider of asset management, financial services, and high technology operational support to the trucking and transportation industry throughout North America. Both companies are subsidiaries of PHH Corporation [NYSE: PHH]. PHH FirstFleet is headquartered at 350 East Las Olas Boulevard, Fort Lauderdale, FL 33301. For more information about PHH FirstFleet, call 877-FF4-TRUCK (877-334-8782) or visit <> .


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

News Briefs----

HP contemplates cost cuts, ponders future course

Stores Report Holiday Season Of Letdowns

Fed Reveals Concern over Housing Slump

Boeing announces record 1,044 commercial jet orders for 2006



You May have Missed---

Owner of Sardi’s Restaurant Dies at 91



Sports Briefs----

Shell fired by Raiders again with NFL Coach fired wrap-up

Davis called coach's '94 dismissal 'a mistake'; apparently thought rehiring was another

Purdy: With Shell out, Raiders should go after Cowher -- but they won't

Team ties NHL record by blanking Chicago in the first period



California Nuts Briefs---

Inaugural festivities start without recuperating Schwarzenegger

Gov. to seek insurance for all children,0,7619445.story?



“Gimme that Wine”

Clos LaChance Closes Monterey Tasting Room, Opens in Los Gatos

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page

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



Calendar Events This Day

Elvis Presley’s Birthday Celebration
January 5-8. Graceland, Memphis, TN. Special birthday proclamation on January 8 as well as other Elvis Birthday events at Graceland.

Flower Basket Day

Twelfth Night
Evening before Epiphany. Twelfth end of Twelfthtide (the 12-day season after Christmas ending with Epiphany).
Also called Twelfth Day Eve



About 18 percent of those who own pet animals also share their bed with them.

This reports states out of an interview of 300, 22%



Today's Top Event in History

1947—Birthday of Kathy Switzer, American athlete, who had been refused permission to enter the Boston Marathon but got a number in 1967 as K. Switzer. While racing she was discovered to be a girl. Front page photos seen throughout the world, show race officials chasing her, trying to pull her number off. She outmaneuvered them with the help of a couple of male runners and finished the race. As a member of the Syracuse University track team, she was promptly suspended from the Amateur Athletic Union for "running without a chaperon!" It wasn't until five years later that women were officially allowed to run in the race with men. In 1979 KS began organizing women's racing meets.


This Day in American History

    1643-The first divorce granted, Quarter Court, Boston, MA. “Anne Clarke, beeing deserted by Denis Clarke hir husband and, and hee refusing to accompany with hir, she is graunted to bee divorced, his refusal was under his hand, and seale, which hee gave before Mr. John Winthrop, Junr. Mr. Emanuel Downing, Mr. Nehemiah Bo’ne (Bourne) and Richard Babington, alsoe hee confsseth hee liveth in adultery with one, by whom he hath had 2 and refuseth hir which hee had two children by.”
    1779- American naval officer Stephen Decatur birthday (whose father and grandfather, both also named Stephen Decatur, were also seafaring men), born at Sinepuxent, Maryland. In a toast at a dinner in Norfolk in 1815, Decatur spoke his most famous words, quoted often today by both men and women in the military," Our country! In her intercourse with foreign nations, may she always be in the right; but our country, right or wrong." This has been slightly changed to modern times, but that was the original quote. Dueling was "popular" to settle arguments in early America where everyone had a gun and used it. Mortally wounded in a duel with Commodore James Barton, at Bladensburg, Maryland, on the morning of March 22,1820, Decatur was carried to his home in Washington where he died a few hours later.
    1781-- British naval expedition led by former American General Benedict Arnold burns Richmond, VA.
    1794-Birthday of the Southern agriculturist, Edmund Ruffin, born at Prince George County, VA. His discoveries of crop rotation and fertilizer, learned from journals of George Washington, was influential in the early agrarian culture of the US. He published the Farmer’s Register from 1833 to 1842, a journal that promoted scientific agriculture. A noted politician as well as a farmer, he was an early advocate of Southern secession whose views were widely circulated in pamphlets. As a member of the Palmetto Guards of Charleston, he was given the honor of firing the first shot on Fort Sumter April 12, 1861. After the South’s defeat he became despondent and, wrapping himself in the Confederate flag, took his own life on June 18, 1865, at Amerlia County, VA, writing in his diary the reason this choice “...I here repeat and would willingly proclaim my unmitigated hatred to Yankee rule--to all political, social and business connections with Yankees, and the perfidious, malignant and vile Yankee race."
    1804-- Ohio legislature passes first laws restricting free blacks movement.
    1835 -it was a record cold morning in the eastern U.S. The temperature plunged to 23 degrees below zero on the Yale campus in New Haven, CT and to 40 degrees below zero in the Berkshire Hills of Connecticut.
    1836-- Davy Crockett arrives in Texas to join others to fight for freedom from
    1861-- Alabama troops seize Forts Morgan and Gaines at Mobile Bay
    1861-- 250 Federal troops are sent from New York to Fort Sumter
    1884- a severe arctic outbreak hit the Midwest, sending Des Moines to a low of 30 degrees below zero and Indianapolis to a low reading of 25 degrees below zero. Peoria, Illinois had a record low reading of 27 degrees below zero.
    1885-Revolutionize produce delivery, the fist piggyback railroad operation began on the Long Island Rail Road in New York State. A produce train, consisting of eight flatcars for carrying farmers’ wagons, eight cars to carry their horses, and a coach for teamsters, left Albertson’s station, railroad station on Long Island. It arrived at 6:30am at Long Island City, where a ferry carried the wagons across the East River to New York City.
    1895 – Guitarist/Singer/Composer Elizabeth Cotten born near Chapel Hill, North Carolina; one of America’s great early female folk singers.
    1895-Jeannette Ridlon Piccard birthday, the first woman to qualify as a free balloon pilot(1934.) One of the first women to be ordained an Episcopal priest (1976). Pilot for record-setting balloon ascent into stratosphere ( from Dearborn, MI, Oct 23, 1934)(57,579 feet) with her husband Jean Felix Piccard. Identical twin married to identical twin. Died at Minneapolis, MN, May 17,1981.
    1904 -34ºF (-36.7ºC), River Vale NJ (state record)
    1904 -42ºF (-41.1ºC), Smethport PA (state record)
    1906 –Trumpet player Wild Bill Davison birthday
    1906—Trumpet player Wendell Culley Birthday,,419191,00.html?artist=Wendell+Culley
( perhaps best known for his solo on “Lil Darlin’ ”, also played with Lionel Hampton and featured on “Airmail Special” and “Midnight Sun.” he alternated between third and lead trumpet player ( the third trumpet player is always the alternate lead trumpet player and often the first and third switch during a tune for many reasons, including they play the highest notes---until Stan Kenton introduced Maynard Ferguson and others brought on “screamers.”
One of the best Basie albums with Culley:

TLC (Listen to “Whirly Bird.” Neal Hefti was the arranger here, one of Frank Sinatra’s favorites, too.)
    1913--the record low temperature for the state of Utah was set at Strawberry Tunnel. The thermometer plunged to 50 degrees below zero.
    1914-Henry Ford announced that all that all Ford Motor Company employees would receive a minimum wage of $5 a day. This was a major move in its day as wages went from $2.40 for
a 9-hour day to $5.00 for an 8-hour day. Ford explained the policy as “profit sharing and efficiency engineering.” The more cynical attributed it to an attempt to prevent unionization and to obtain a docile workforce that would accept job speedups. To obtain the minimum wage an employee had to be of “good personal habits.” Whether an individual fit these criteria was determined by a new office created by Ford Motor Company---the Sociological Department.
    1918- Canadian clarinetist and bandleader Dal Richards was born in Vancouver. Richards was music director and bandleader at the Hotel Vancouver's Panorama Roof for 25 years, from 1940 to 1965. Among the vocalists with his band was his wife, Lorraine McAllister. Richards also became a familiar figure during halftime shows at BC Lions football games.
    1923- Sam Phillips, owner of the legendary Sun Records in Memphis, was born in Florence, Alabama. Many music historians say Sun was where rock 'n' roll began. Certainly, Phillips was the first to record the black- influenced music of such young white singers as Elvis Presley, Jerry Lee Lewis and Carl Perkins in 1954. Phillips began by recording such black artists as Howlin' Wolf and Jackie Brenston, whose "Rocket '88" from 1951 is often cited as the first rock 'n' roll record. But Phillips had also dreamed of finding a white singer who could sing in a black style - and in 1954 he did. Elvis Presley recorded five hit singles for Sun before Phillips sold his contract to RCA in 1956 for $35,000.
Phillips sold Sun Records in 1969, but he had already assured his place in rock history. The original Sun Studio on Union Avenue in Memphis is now open as a tourist attraction. Much of the soundtrack for the 1989 Jerry Lee Lewis film biography "Great Balls of Fire" was recorded there.
    1925-Nellie Taylor (Mrs. William B) Ross became the first woman to serve as governor upon her inauguration in Wyoming. She had previously finished out the term of her husband, who died in office. In 1974, Ella Grasso of Connecticut became the first woman to be elected governor.
    1933-Prohibition was repealed. The Twenty-First Amendment was adopted when it was ratified by Utah, the 36th state to do so. Prohibition in the U.S. was thereby repealed.
    1933 - The Golden Gate Bridge, that spans the channel at the entrance to the San Francisco Bay, went under construction. When finished, it was called an engineering marvel.
    1934 - Both baseball's National and American Leagues decided to use a standard size baseball, making it the first time in 33 years they both used the same size ball.
    1940 - The Federal Communications Commission (FCC) heard FM radio for the first time. The new medium of FM, free of interference and static, was developed by Major E.H. Armstrong. In 1941, the first FM transmitter was put in operation.
    1941 - Carmen Miranda recorded Decca record #23210, "Chica Chica Boom Chic". She sang the song in the film, "That Night in Rio". 1948 - Movie theater audiences were given a treat when Warner Brothers-Pathe showed the very first color newsreel, with pictures of the Tournament of Roses Parade and the Rose Bowl football classic.
    1942-- John B. Hughes of the Mutual Broadcasting Company, opens an attack on Japanese Americans in California. He charges they are engaged in espionage and their dominance in produce production and control of the food supply are part of a master war plan.
    1945 –In Japan, young pilots become Kamikaze, or "Divine Wind."
The suicidal blitz of the Kamikazes revealed Japan's desperation in the final months of World War II. Most of Japan's top pilots were dead, but youngsters needed little training to take planes full of explosives and crash them into ships. At Okinawa, they sank 30 ships and killed almost 5,000 Americans, including “human” torpedoes who made sure they found their target. The war in Iraq with suicide bombers is very similar.
    1947—Birthday of Kathy Switzer, American athlete, who had been refused permission to enter the Boston Marathon but got a number in 1967 as K. Switzer. While racing she was discovered to be a girl. Front page photos seen throughout the world, show race officials chasing her, trying to pull her number off. She outmaneuvered them with the help of a couple of male runners and finished the race. As a member of the Syracuse University track team, she was promptly suspended from the Amateur Athletic Union for "running without a chaperon!" It wasn't until five years later that women were officially allowed to run in the race with men. In 1979 KS began organizing women's racing meets.
    1955 - A song from a "Studio One" production took over the #1 spot on the pop music charts. For four weeks, Joan Weber’s, "Let Me Go, Lover", maintained the top spot on the hit parade. Before airing on television, the song had been heard on a limited basis, under a different title, was "Let Me Go, Devil".
    1955- Laven Baker's "Tweedle Dee" enters the R and B chart. It will later peak at #4 and become the first of Baker's 13 R and B Top Twenty hits.
    1956-- Elvis Presley records "Heartbreak Hotel"
    1956 - Screen actress Grace Kelly announced to the press her marriage engagement to Monaco's Prince Ranier III.
    1957---Top Hits
Singing the Blues - Guy Mitchell
The Green Door - Jim Lowe
Blueberry Hill - Fats Domino
Singing the Blues - Marty Robbins
    1957-- Dodgers' Jackie Robinson retires rather than be traded to New York Giants
    1957 ---Eisenhower asks Congress to send troops to the Mid East
    1961 - "Mr. Ed", the show about a talking horse, debuted for the episode of a six- year run. The show starred Alan Young as Ed’s owner, Wilbur Post, and Connie Hines as Wilbur’s wife, Carol. Neighbor, Roger Addison, was played by Larry Keating who was not the only neighbor confounded by Ed's antics during the show's run. Mr. Ed was voiced by Allan ‘Rocky’ Lane.
    1963- The co-founder of Chess records, Leonard Chess, tells Billboard, "As it stands today, there's virtually no difference between rock and roll, pop and rhythm and blues. The music has completely overlapped."
    1964-- Following an unprecedented pilgrimage to the Holy Land, Pope Paul VI met with Greek Ecumenical Patriarch Athenagoras I in Jerusalem. It was the first such meeting between leaders of the Roman Catholic and Greek Orthodox Churches in over 500 years (since 1439).
    1964 -- The Chargers rout the Patriots 51-10 in the AFL title game as fullback Keith Lincoln totals 349 yards of offense.
    1965---Top Hits
I Feel Fine - The Beatles
She’s a Woman - The Beatles
Love Potion Number Nine - The Searchers
Once a Day - Connie Smith
    1968- "Bob Dylan's Greatest Hits" goes gold just nine months after its release. The album package includes an award-winning poster by graphic artist Milton Glaser.
    1968--- Dr Benjamin Spock indicted for conspiring to violate draft law
    1970- "All My Children" premiered on television. This ABC show became TV’s top-rated soap opera by the 1978-79 season and still keeps viewers glued to the screen. “All My Children” was created Agnes Nixon, who had written for “Search for Tomorrow.” “Another World” and “ One Life to Live.” Sit in a place called Pine Valley, NY, the show focused on the Tyler and Martin families. The story includes the illegitimate child of Dr. Tyler, Eric Kane ( played by Susan Lucci), who became one of daytimes TV’s most popular characters. Lucci had been nominated more than a dozen times for an Emmy, and finally won one in 19999. This serial has included the cast of Hugh Franklin as Dr. Charles Tyler and Ruth Warrick as his wife, Phoebe; son Lincoln has been played by James Karen, Paul Dumont, Nicholas Pryor and Peter White, daughter Ann by Diana De Vegh, Joanna Miles, Judith Barcorft and Gwyn Gilles.
    1971-After posting victories in 2,495 straight games dating back to 1962, the Harlem Globetrotters suffered a rare defeat at the hands of their perennial opponents, the Washington Generals. In the closing seconds of a game in Martin, TN, a basket by Red Klotz gave the Generals a 100-99 win.
    1972 - United States President Richard Nixon signed a bill instructing NASA to begin research on a manned space shuttle.
    1972 - John Denver was awarded a gold record for the album, "Aerie".
    1973---Top Hits
Me and Mrs. Jones - Billy Paul
Clair - Gilbert O’Sullivan
You’re So Vain - Carly Simon
She’s Got to Be a Saint - Ray Price
    1974-The Carpenters' greatest-hits collection, "The Singles 1969-1973," hits #1 The brother-and-sister duo had, by this year, charted eight Top Ten hits, including a pair of Number Ones.
    1979 - The soundtrack LP for "Saturday Night Fever" reached $25 million marker in sales.
    1979-The Blues Brothers-known better as Dan Aykroyd and John Belushi, reportedly ruffle some feathers with their tongue-in-cheek renderings of classic soul songs. However, their biggest supporters are the covered artists themselves. The Blues Brothers album, "Briefcase of Blues" goes to Number One and goes platinum on this date and give the Sam and Dave song, "Soul Man," a new life.
I have all their records and play them often, such as I compile this.
    1981---Top Hits
(Just Like) Starting Over - John Lennon
Love on the Rocks - Neil Diamond
Hungry Heart - Bruce Springsteen
One in a Million - Johnny Lee
    1982 - a three day rainstorm in the San Francisco, CA area finally came to an end. Marin and Cruz counties were drenched with up to 25 inches of rain. Big snow fell in the Sierra-Nevada range, with accumulations up to eight feet in depth. The storm claimed at least 36 lives and caused more than 300 million dollars damage.
    1987-The first year in which the federal budget exceeded $1 trillion was the fiscal year 1988. The budget submitted to Congress by President Ronald Wilson Reagan totaled $1,024.3 billion, or $1.024 trillion, which included revenues of $916.6 billion and projected deficit of $107.8 billion.
    1987 - When the Midshipmen defeated East Carolina, 91-66, David Robinson became the first basketball player in the history of the Naval Academy to score over 2,000 points; he went on to become a star in the NBA.
    1988- the Columbia Broadcasting System sold CBS Records to the Sony Corporation of Japan. CBS Records began in 1887 as the American Graphophone Company, founded by two English inventors, one of whom was a cousin of Alexander Graham Bell. American Graphophone manufactured dictation machines. Its offspring, the Columbia Phonograph Company, did not begin making records until 1890. Over the years, Columbia Records was owned by an English businessman, a radio and refrigerator manufacturer, a button maker and finally a broadcaster before being sold to Sony.
    1988 - Thunderstorms helped produce heavy snow in the Lower Great Lakes Region. Snow fell at the rate of four to five inches per hour, and snowfall totals ranged up to 69 inches at Highmarket NY.
    1989---Top Hits
Every Rose Has Its Thorn - Poison
My Prerogative - Bobby Brown
Two Hearts - Phil Collins
When You Say Nothing at All - Keith Whitley
    1989 - A strong Pacific cold front produced heavy snow and high winds in Nevada. Winds gusted to 80 mph north of Reno, while up to two feet of snow blanketed the Lake Tahoe ski area.
    1993 - Mike Ditka was dismissed as Chicago Bears head coach after 32 years as a player and coach (11 seasons as head coach, 106-62). (In 1988, Ditka, who played in five Pro Bowls and two conference championships (1963 and 1971), was the first tight end to be inducted into the Pro Football Hall of Fame.)
    1995- Myra C. Selby, became the first woman and the first black member of the Indiana State Supreme Court.
    1996-After 33 seasons as a head coach, Don Shula retired from the helm of the Miami Dolphins to become part-owner and vice-chairman of the team. Shula left the game as the winningest professional coach of all time with a record, counting regular season and playoff games 347-173-6. His teams made the playoffs 20 times and won two Super Bowls.
    1997---Matt Lauer becomes co-anchor of the NBC-TV show "Today."
    1998 - Sonny Bono, age 62, was killed after slamming into a tree while skiing at a resort in Lake Tahoe, Nevada. Bono, formerly married to entertainer Cher, had become active in politics following their breakup. He had served as the mayor of Palm Springs, California, and a congressman. The pop duo Sonny and Cher had several big hits, including "The Beat Goes On" and "I've Got You, Babe".



American Football Poem

A poem to the nation

Oakland Raider Blog

As i look upon Our Oaklands side
I wonder, where is the Raider pride,

From Warren Sapp to Randy Moss
I fear this team looks very lost,

Our team has stood the test of time
but can we beat the next in line,

I fear the worst, as we fall
We lack the excellence to conquere all,

I read words of anger, disapointment, and hate
I wonder has this team sealed its fate,

A nation devided will never prevail
As we chase this AFC west trail,

Have we lost all hope and respect
While teams take us as neglect,

This silver linning has faded to grey
As I look foreward to another day,

I say this team will stay Silver and Black
as long as the nation don't turn its back.





The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?



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