American Express Launches On-line Charity Portal

“Sudhir P. Amembal is Chairman and CEO of Amembal & Associates, the world's foremost authority in lease education, consulting, and publications. Through April 1998, Mr. Amembal served as Chairman of Amembal, Deane & Associates (AD&A). AD&A was founded by him in 1978. For 18 years, he served as its President and CEO.

“Under Mr. Amembal's stewardship, AD&A became the world's most highly respected training and consulting firm in the field of equipment leasing. During his tenure with the firm, over 60,000 participants attended seminars conducted throughout the world.

“He has conducted technical workshops and conferences on leasing in major cities throughout the world. As a consultant to the World Bank, he has spearheaded consulting engagements for the governments of Bosnia/Herezgovina, China, Croatia, Estonia, Indonesia, Korea, Kyrgyz Republic, Latvia, Lithuania, Macedonia, Mongolia, Nicaragua, Poland, Romania, Russia, Sri Lanka, Tajikistan, Turkmenistan, Uzbekistan and Yugoslavia. These engagements required him to review the overall leasing industry in each country and devise strategic recommendations to facilitate growth of the industry.

“As a publisher and author he has published 10 and co-authored 14 books on leasing including the international bestseller, The Handbook of Equipment Leasing. He has recently co-authored and published two books Operating Leases: The Complete Guide and International Leasing: The Complete Guide.

“He has appeared as a keynote speaker at numerous domestic and international conferences. He has addressed conventions held by all four of the global regional associations - African Leasing Association, AsiaLease, Leaseurope, and Felalease. He organized and chaired each of the annual World Leasing Conventions from 1993 to 1997. He continues to chair this annual event.”

Travis Fox relates one of the best stories that sums up Sir Amembal:

“Watching all of this GE Capital activity made me think of the UAEL Fall

Conference in Tucson (three years ago, or was it four?)

“You were undoubtedly present as well at the luncheon, where Sudhir Amembal was the Keynote speaker.

“The topic was the future of the leasing industry, and among Mr. Amembal's comments were that brokers that had been in the business for some time would be selling out as an exit strategy, and there would be a conglomeration of these smaller operations. The larger entities that resulted would form alliances to get even better economies of scale, etc...

“Then, as a (half?) joke he stated ‘and they will all be bought by GE

Capital’.

“I clearly recall the room breaking out in a chuckle at the joke, and then stopping just as suddenly, and becoming very quiet for a moment or two, before he continued on...”

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Classified---Help Wanted---2003

Accounting: New York, NY.

Three(3)years experience in lease accounting.Managing three Partnerships' Funds,preparing external reports for SEC.,10Q &10K. Consolidation of subsidiaries financial position w/parent company. email:hope2live@aol.com

Asset Management: Patchogue, NY

12+ yr. Experience in Auto/Equipment Leasing. Managed Liquidation of Repo & E.O.L. Portfolios. Managed Litigation Portfolio as well. Exp. in Bankruptcy. Looking for suitable position in Tri-State area. Email:THood8663@Yahoo.com

Contract Administrator: Los Angeles, CA

6 years small ticket leasing - Credit Analysis up to $75,000, Documentation & Funding. Highly organized team player trained sales/operations in credit, pricing, docs. Email:miri7ca@yahoo.com

Contract Administrator: Chicago/Naperville

18+ years experience in leasing US/Europe, as both lessee and lessor. Am versatile and adaptable to lessee, lessor, or lender career opportunity. Chicago relocation desired. Email:kris_k11@yahoo.com

Contract Administrator: Schaumburg, IL

10 yrs. small/mid-ticket leasing. Proficient in documentation, funding and legal. Worked with brokers, portfolio purchases, vendor programs, municipal transactions. prefer to stay in Suburban Illinois. Email:sophie1900@msn.com

Communications: Oceanside, CA. Placed all- wiring-cabling &comp system in Polaris building. Exp.in cabling, webwork, photograph/ad work, server work for 'Racksavor" & top exp.in carpentry-plumbing, finishing work. email:jzapf@artisticimages.com

full list available at: http://65.209.205.32/LeasingNews/JobPostings.htm

US Oil Stockpiles Lowest Levels in 26 years

landlinemagazine.com

World oil prices pulled back from two-year highs Jan. 6 after the OPEC cartel said it would up output to cover lost supplies caused by trouble in Venezuela, Reuters reports.

International benchmark Brent crude oil fell 22 cents to $30.55 a barrel, while U.S. crude futures eased 36 cents to $32.72. Both markers are within a dollar of two-year highs.

Meanwhile, a 5-week-old oil strike in Venezuela, which held exports at one-fifth of normal levels last week, has drained U.S. stockpiles to near their lowest levels in 26 years.

OPEC told Reuters it would use an informal mechanism to keep prices in a range of $22-$28 a barrel, which will trigger a supply hike Jan. 15 if prices stay up.

OPEC powerhouse Saudi Arabia and its Gulf ally, the United Arab Emirates, have endorsed a price mechanism that triggers extra supply when OPEC's basket of seven crudes exceeds $28 for 20 days. OPEC's basket stood at $30.83 a barrel Friday, its 13th day above the target.

Mortgage Delinquencies Down in Third Quarter

By Daniela Deane

Washington Post Staff Writer

The number of American homeowners behind in their mortgage payments dropped in the third quarter of 2002, and the number of those in the foreclosure process rose only slightly, showing that people are keeping up with their mortgage payments despite the sluggish economy, according to a report issued yesterday.

The quarterly National Delinquency Survey, issued by the Washington-based Mortgage Bankers Association of America, showed total delinquencies at 4.66 percent at the end of the third quarter. That's down from 4.77 percent in the second quarter and 4.83 percent in the year-earlier quarter. A mortgage is considered delinquent if it is 30 to 90 days overdue.

For "subprime" loans -- higher-interest loans for higher-risk borrowers -- the delinquency rate was much steeper, but it was also moving down: 14.28 percent of subprime loans were delinquent in the third quarter, compared with 15.67 percent in the second quarter.

Of all loans, 1.15 percent were somewhere in the foreclosure process, up from a revised 1.13 percent in the second quarter. The number of loans entering foreclosure dropped slightly, to 0.37 percent, from 0.38 percent in the second quarter.

"There's some good news in this survey," said Doug Duncan, chief economist of the Mortgage Bankers Association. "It shows that there's no danger that the housing sector won't continue to be an important support for economic activity."

The number of subprime loans in the foreclosure process rose, however, to 8.58 percent in the third quarter of 2002 from 8.49 percent in the second quarter. Subprime borrowers tend to be in a more fragile financial position and are more affected by a slumping economy.

However, the association said that its subprime study, new this quarter, covered fewer than half of all subprime loans.

Super Bowl Pools: $100 Billion; Another Economic Boost

By John Mcauley

Dow Jones Newswires

NEW YORK –– With the holiday shopping season failing to deliver the economic boost many Americans were looking for, hopes are now pinned on President Bush's $674 billion stimulus package unveiled Tuesday.

But while consumers wait on Congressional approval, there's an alternative wave of stimulus that's set to arrive from an unofficial source: football betting.

Some of the betting that's done during the National Football League's playoff season occurs in more formal settings such as casinos, where taxes will tend to be paid on the winnings. But much of the money will be funneled "tax-free" into the hands of people who are among the most likely to put it back into the economy.

Most of the once-a-year Super Bowl pools are held in offices, bars, delis, fraternities, clubs, and even fire houses, and aren't counted in official statistics. Many are already placing their bets on the outcome of the Super Bowl on Jan. 26, weeks before they even know who's playing.

And it's a lot of betting: $100 billion is wagered on the Super Bowl in both legal and illegal forms, according to Dr. Nancy Petry, an addiction researcher at the University of Connecticut Health Center in Farmington, Conn.

That's roughly 1 percent of gross domestic product. Or, stated another way, it's about the same size as the portion of the Bush stimulus plan that's expected to take effect this year. The big difference is, this money will hit the economy much sooner.

"Roughly 20 percent of the addicted gamblers we see are sports bettors, mainly young men," said Petry. That's a group known for its willingness to spend – just witness how much advertisers are willing to spend on a Super Bowl slot.

The lucky ones among them might well end up playing a key role in providing stimulus to the economy. Of course, this is expenditure that happens every year and to that extent, it can't be seen as fresh stimulus. But this year, the timing is especially helpful, given the still sluggish state of the economy and the uninspiring holiday shopping season.

The betting methods range from simple, straightforward single payoff group wagers, to complex multiple payoff systems that attest to considerable statistical aptitude of the wagerers.

Most of these pre-Super Bowl pools have a basic format that has nothing to do with skill in team selection. Indeed, it's a pure numbers game.

Using a 10-by-10 grid, a wagerer selects one or more of the 100 available boxes. Only when all the boxes comprising the grid have been filled in are numbers from one to 10 randomly assigned to each row and column. A box with the coordinates three and three means that box wins if the final score of the Super Bowl has the NFC and AFC teams with scores in which the second digit (or single digit) is three. For instance, a score of 33 to 3 or 23 to 13 would win.

Under this simplest format, with a single payoff, if the boxes sold for $2 each, the payoff would be $200 to the winner. But bets are often much larger, meaning that payoffs are often much larger.

All of these payouts are likely to produce a great deal of spending in the weeks after the Super Bowl.

And then, once the Super Bowl is history, sports bettors will begin gearing up for the National Collegiate Athletic Association's basketball tournaments in March.

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American Express Launches On-line Charity Portal

American Express has added a new portal to its on-line operation designed to allow its cardholders to make charitable donations from a consolidated location on the Web.

The American Express Donation site has a database with greater than 800,000 charities around the world linked with the Internet Revenue Service. The site includes information on each of the non-profit organizations as well, including cost structures and mission statements.

After submitting donations through the Amex site, donors will receive an immediate e-mail confirming the transaction, and also serves as a receipt that consumers can use for tax purposes.

http://home3.americanexpress.com/cards/charities/donateonline.asp

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NACHA: On-line Bill Payment Users On the Up

Consumer electronic bill payment service providers -a combination of banks and software companies-have reported that they processed over

400 million Web-based based consumer bill payments in 2001, totaling $120.9 billion, according to a recent study conducted by NACHA and

TowerGroup. The first time the study was put together in 1996, the same figure amassed 113 web-based payments worth $26.9 billion. Nacha

has also reported that the average e-bill was $300, up from an average of $231 in 1996. In addition, 92 percent of all on-line bill payments were

processed by the top five bill payments service providers, compared with 76 percent in 1996.

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Michigan Legislation aims to tax Internet sales

(This will help states with escaped money, plus give equipment leasing

back a loss to those who can purchase ( with a loan or cash ) without sales tax whereas a lessor must charge a “use” tax in most states.)

By Amy Lane

Detroit Crainesnews.com

LANSING - Michigan may be about to take the next step in collecting more taxes from Internet and mail-order companies. Legislation expected to be introduced soon would ratify a multistate agreement designed to streamline processes for collecting sales taxes. The agreement, reached by more than 30 states, needs to be enacted in at least 10 to take effect.

For Michigan retailers, at issue is a competitive disadvantage: They must collect a 6 percent sales tax on purchases, but mail-order and Internet businesses do not have to collect Michigan's 6 percent use tax or similar taxes in other states, although purchasers legally owe the taxes.

And for state government, millions in revenue is lost. The Michigan Department of Treasury estimates that Michigan will lose $273 million in the current fiscal year and that the losses will climb to $349 million by 2005.

"The state is looking for revenue, and here are hundreds of millions of dollars available for collection that should be collected," said Tom Scott, vice president of public affairs and communications for the Michigan Retailers Association.

The movement has a backer in new Gov. Jennifer Granholm, who supports leveling the playing field between online and traditional retailers.

The multistate agreement creates a simplified, voluntary system for retailers to remit taxes. Backers also hope Congress will adopt legislation that would make such tax collection mandatory, at least in those states that adopt the model agreement as law.

Scott said he expects Michigan legislation will be introduced this month or in February. He thinks it ultimately will pass but said the process could be difficult, and new lawmakers will need to "hear all the arguments."

One opponent, state Rep. Leon Drolet, R-Clinton Township, calls the multistate collection plan "an awful way to respond to a recession."

Said Drolet in a late-December news release: "Why would anyone want to live under a state government that chases you all over the country with its hand out to demand payment every time you buy a T-shirt from somewhere else? State taxes should stop at the borders."

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LEAN announces addition of new member

PITTSBURGH “ The Lease Enforcement Attorney Network (LEAN) announced today it has accepted Steve Higgs of the Roanoke, Virginia law firm of King & Higgs as a new member. In keeping with the requirements for membership in LEAN, Steve is certified by the American Board of Certification as a Creditorsâ€™ Rights Specialist. He is also certified by the ABC as a Consumer Bankruptcy Specialist

LEAN is a nationwide organization of experienced attorneys who assist leasing companies and lease funding entities in the enforcement of lease obligations including collections, asset recovery, and bankruptcy representation.

All members of LEAN are affiliated with the leading collection, bankruptcy, and leasing organizations including Equipment Leasing Association; United Association of Equipment Leasing; MidAmerica Association of Equipment Lessors; Eastern Association of Equipment Lessors; Commercial Law League of America; American Bankruptcy Institute; International Association of Commercial Collections.

Many of the attorneys are certified as Creditorsâ€™ Rights or Business Bankruptcy specialists by their individual state or the American Board of Certification.

Leasing company representatives can find a LEAN attorney to assist them anywhere in the United States through a searchable database on the LEAN web site at www.leasecollect.org. Contact LEAN directly by email at info@leasecollect.org or by calling its toll free number at 877-LEASELAW or 877-532-7352.

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Circuit City says sales fell 5 percent in December

By Michael Buettner

ASSOCIATED PRESS

RICHMOND, Va. – Sales at Circuit City Stores Inc. fell an unexpectedly steep 5 percent in December from a year earlier, the nation's second-largest consumer electronics chain said Tuesday.

Circuit City posted sales of $1.74 billion for the month, down from $1.82 billion in December 2001. Sales at stores opened for more than a year, known as same-store sales, were down 6 percent. Same-store sales are considered the best indicator of a retailer's health.

In a conference call with investment analysts, W. Alan McCullough, president and chief executive officer, said sales in December were weaker than the company expected.

"Sales slowed sharply after Thanksgiving weekend and remained soft through the first few weeks of December," he said. Although sales did increase closer to Christmas, the rise was not enough to make up for the earlier weakness, he said.

Also contributing to the decline were aggressive price discounting by some of Circuit City's competitors and a slight decline in customer traffic, McCullough said. In particular, Wal-Mart Stores Inc., which has expanded more heavily into high-tech consumer electronics, has become an increasing threat to chains like Circuit City and its bigger rival Best Buy Co. Inc., analysts have maintained.

"Traffic had been positive in every month right up until December," he noted. The December decline, he said, was "the first I've seen in I don't know how long."

The disappointing news follows the announcement from No. 3 consumer electronics rival RadioShack, which said Friday that it had cut its profit forecast for the fourth quarter. It cited weaker sales of items ranging from cellular phones to remote-controlled toy cars.

Last month, Best Buy reported a 5 percent gain in third-quarter earnings, but lowered its profit forecast for the fourth quarter and said it was taking a hard look at what to do with its mall-based Sam Goody music stores.

To help Circuit City stop the softer sales from cutting into its profits, the company is cutting costs to increase its profit margin, McCullough said. "We have a process under way to look at the company from top to bottom," he said.

Although it is too early to tell whether the declines in sales and traffic represent a long-term trend or just a short-term blip, he said, "It is only prudent to plan as if it is a long-term shift."

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Orders to factories down for third month

JEANNINE AVERSA

Associated Press

WASHINGTON - The nation's manufacturers, trying to cope with a spotty recovery, saw demand for their products fall in November, marking the third time in four months that orders to factories declined.

The Commerce Department reported Tuesday that factory orders dropped 0.8 percent in November from the previous month, after posting a 1.4 percent increase in October.

The report came as President Bush detailed a 10-year, $674 billion plan aimed at helping the lackluster economy. The package includes speeding up tax rate reductions, eliminating taxes on stock dividends and accelerating deductions planned for business equipment.

Democrats have a competing plan, which includes tax rebates, that would cost $136 billion in its first year.

On Wall Street, investors demonstrated little reaction to Bush's proposal. The Dow Jones industrial average closed down 32.98 points at 8,740.59.

"Manufacturing is essentially flat, but it might be poised to show some modest growth in the next quarter or two," said economist Clifford Waldman, president of Waldman Associates.

A more forward-looking report released last week by the Institute for Supply Management said that manufacturing activity grew in December for the first time in four months, easing fears that this segment of the economy might get stuck in a new recession of its own.

Even so, manufacturing has been the weakest link in the national economy's recovery from the 2001 recession.

Economic growth last year was uneven. Some sectors of the economy did well, notably a stellar housing market powered by low mortgage rates. But manufacturing struggled, shedding jobs amid sluggish demand.

A separate report Tuesday said fewer people were past due on their mortgage payments in the third quarter of 2002, but foreclosures inched up to a record high.

The seasonally adjusted percentage of payments 30 or more days past due dipped to 4.66 percent in third quarter, down from 4.77 percent in the previous quarter, the Mortgage Bankers Association of America said. The delinquency rate doesn't include foreclosures.

"Given the fairly choppy economic environment, these numbers ... are fairly encouraging," said Doug Duncan, the association's chief economist.

The percentage of all home loans in the process of foreclosure in the third quarter rose to a record 1.15 percent, up from 1.13 percent in the second quarter. But Duncan didn't find the uptick worrisome because foreclosures have been pretty stable. The previous record was 1.14 percent, reached in 1998.

For the biggest part of the market - "prime" conventional loans, the delinquency rate fell to 2.54 percent from 2.64 percent in the second quarter. The percentage of foreclosures was 0.51 percent, unchanged.

While consumers carried the economy all last year, the shoulders of business have been far less broad.

Companies haven't made big capital investments and haven't been in a rush to hire because their profits haven't recovered from the big hit they took during the recession, and they face economic uncertainties, including a possible war with Iraq and tensions with North Korea.

"Even as we confront these dangers, you need to know I know we have needs here at home, especially the need for a vigorous and growing economy," Bush said.

A sustained turnaround in capital investment is considered a necessary ingredient to the economy's return to full throttle as well as the manufacturing sector's return to full health, economists say.

In November, orders to factories for transportation products, including cars and airplanes, fell 1.9 percent from the previous month.

Excluding transportation orders, which can swing widely from month to month, factory orders went down by 0.7 percent in November, the biggest decline since June.

Orders for machinery, computers, household appliances and electrical equipment all saw declines.

For "nondurable" goods, such as food and clothes, orders dipped 0.1 percent in November.

On the Net:

Commerce: http://www.commerce.gov/

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New Leaders Face Old Tech Issues

By Roy Mark

Internetnews.com

When the final gavel fell on the 107th Congress in November, literally dozens of technology-related

bills were left unresolved with the House of Representatives and the Senate rarely in agreement over issues ranging from spam to spectrum. As a result, when the Republican-led 108th Congress convenes Tuesday, old issues will be facing the new leadership.

Some of the issues are familiar and perennial favorites of Congress. New legislation will be introduced that calls for the banning of spam and online gambling. For better or worse, the 107th Congress failed to get either done. There will be the usual bills designed for the "widespread deployment of broadband" (Remember Tauzin-Dingell? It passed the House but never saw the light of day in the Senate) that some will say is essential to spark the lagging economy and others will characterize as a monopoly play by the Baby Bells.

And taxation of the Internet will surely be a hot button issue again since the 107th Congress only extended its moratorium on Internet taxes until November of this year and cash-strapped states are organizing an effort to slap a sales tax on online transactions.

But, perhaps, the most contentious technology issue will be digital rights and the ongoing war between Hollywood and file swapping sites.

In the House, Rep. Howard Berman (D.-Calif.) will re-introduce his controversial legislation strongly supported by Hollywood that calls for a battery of anti-piracy measures including stronger digital rights management laws, lawsuits by copyright owners, and prosecutions against the most egregious infringers. Additionally, Berman wants to legalize "technological self-help measures" for copyright owners including redirection, decoys, spoofing and file blocking.

In the Senate, Ernest Hollings (D.-S.C.) will again push his anti-piracy legislation that would require all new hardware and software products include copy protection that limits the number of times a consumer may play digital music and video. The bill enthusiastically backed by the music and movie industry but criticized by hardware industry associations and consumer advocates -- likely would halt practices like converting a CD to the MP3 format for use in a user's portable player, and burning a backup copy of a purchased CD, practices today considered legal under "fair use" laws.

On the consumer side of the issue, Rep. Rick Boucher (D.-Va.) will champion his Digital Media Consumers Rights Act, which provides that it is not a violation of the Digital Millennium Copyright Act (DMCA) to circumvent a technological measure in connection with gaining access to or using a work if the circumvention does not result in an infringement of the copyright in the work. The DMCA currently says it is illegal to make any copy of digitally recorded music or video.

Boucher is seeking to reestablish what is widely known as the Betamax standard. In a landmark 1984 case involving Sony, which introduced VCR's to the market, and Universal Studios, which opposed letting the public make copies of television shows by means of a VCR, the Supreme Court ruled it was legal for consumers to make copies of music and video if the purpose was for personal use. The Court called it fair use, a right stripped away by the DMCA.

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Post office records $1 billion profit

Associated Press

Washington -- The Postal Service recorded a $1 billion profit in the first quarter of

the fiscal year, the agency said Tuesday.

The busy three-month period before Christmas meant a heavy mail volume for the post office, producing income to help balance slower periods.

Richard J. Strasser Jr., the agency's chief financial officer, said the post office had revenue of $16.1 billion during the period covering Sept. 7 to Nov. 29.

That was $300 million less than had been expected, but cost cutting and staff reductions lowered expenses by $500 million, Strasser said.

The post office had a net loss of $1.35 billion last fiscal year but anticipates finishing this year in the black due to cost cutting and the rate increase that took effect last summer.

Strasser told the agency's board of governors that during the first quarter the post office delivered 49.3 billion pieces of mail, an increase of 742 million.

Standard advertising mail volume increased by 1.5 billion pieces, driven by election mail, while First-Class volume -- cards, letters and bills, for example -- dropped 629 million pieces.

Strasser projected that the second quarter will be similar to the first, with revenue and volume lagging behind projections due to slow economic conditions. He said cost controls are expected to produce a net income at or above a planned $360 million for the quarter.

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SIEMENS FINANCIAL SERVICES, INC. NAMES A. KEITH BROYLES AS VICE PRESIDENT AND SENIOR BUSINESS DEVELOPMENT OFFICER FOR THE ASSET-BASED LENDING DIVISION

SFS Enhances Presence in Northeast with Addition to Boston Office

BRIDGEWATER, NJ, - Siemens Financial Services, Inc. (SFS) announces that A. Keith Broyles joins as a Vice President and Senior Business Development Officer in its Asset-Based Lending division. Broyles will join SFS’s Boston office to expand the region’s access to the company’s comprehensive suite of corporate financial services.

Broyles will support Asset-Based Lending’s ongoing commitment to provide working capital financing to the middle market. “The addition of the Asset-Based Lending division in the strategically-important markets of Boston and greater Northeast region not only serves to complement the corporate financial services that SFS offers in the Northeast, but also enhances SFS’s origination efforts in key markets nationally,” said Mike Coiley, Senior Vice President and Managing Director of the Asset-Based Lending division at SFS. “Keith, an industry veteran and long-time Boston professional, will certainly support these efforts.”

With 13 years of asset-based lending experience, Keith Broyles joins SFS from IBJ Whitehall where he was senior vice president and business development officer responsible for marketing asset-based finance products to businesses throughout New England. Previously, Keith cultivated relationships with manufacturing, wholesale, high-tech and transportation companies in the Boston area as vice president and manager of the Boston office for National Bank of Canada. Keith began his banking career with Shawmut Bank.

This expansion is evidence of Siemens Financial Services’ commitment to see its clients grow and prosper. By offering a variety of financing options, SFS can present clients with a solutions-based approach that best meets each company’s individual financing requirements.

About Siemens Financial Services

Siemens Financial Services, comprised of Siemens AG’s worldwide independently operated financial services affiliates, is an international financial services provider with a strong customer focus and more than 1,100 employees in over 30 countries, offering customized financial solutions ranging from sales and investment financing to fund management.

Siemens AG (NYSE: SI), headquartered in Munich, is a leading global electronics and engineering company. It employs 426,000 people in 192 countries and reported worldwide sales of more than $84 billion in fiscal 2002 (10/1/01 - 9/30/02). The United States is Siemens' largest market in the world, with sales of more than $21 billion in fiscal 2002 and more than 74,000 employees in all 50 states. Corporate headquarters for Siemens' U.S. businesses are located in New York City. For more information: www.usa.siemens.com

CONTACT:

Cheryl Galloway

Siemens Financial Services

Phone Number: (908) 429-6033

E-mail: Cheryl.Galloway@siemens.com

( courtesy of ELAonline.com )

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