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"Specializing in Equipment Financing"
Charlotte * Los Angeles * New York * Phoenix

   
National Account Managers

60% com./30% res. APP only to $150,000. No industry/geo restrictions. Tremendous flexibility/freedom: your home office or our regional offices. bjohnson@alliancecap.com 
   

Friday, July 14, 2006

Headlines---

Classified Ads---Asset Management
    Open Letter to Marlin Leasing
        Litigious lessor loses a big case
FASB Issues Lease Accounting Guidance
    Placard---House Rules
        Classified Ads---Help Wanted
            Fitch Training Credit Workshops
Selling Up--by Steve Chriest
  “Manager's Guide: Destroying Trust”
Fundamentals: Effective Sales Mng
    Capitol Hill Panel: Sarbanes-Oxley
        Rowland Thomas: Tokyo Sales
Richard W. McAuliffe: Canada
    CIT/Microsoft go Global
        Siemens Expands Healthcare Finance
News Briefs---
    You May have Missed---
        "Gimme that Wine"
            Calendar Events
Today's Top Event in History
    This Day in American History
        Baseball Poem-Tim Peeler
            SuDoku Puzzle

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

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Classified Ads---Asset Management

Native Stone Winery, Jefferson City, Missouri *
(On the Lewis & Clark Trial)

Austin, TX
20+ years exper. lease/finance. P & L responsibility, strong credit & collection management, re-marketing& accounting. Computers, construction, auto & transportation. Both commercial/ consumer portfolios.
Email: kmalone@austin.rr.com

Bloomfield Township, MI
15+ yrs experience asset management and credit analyst. Leadership and training skills. Audited returns, max residual, lease end and resale negotiator.
E-mail: cmcozzolino@msn.com

Boston, MA
10yrs exp structuring/modeling sophisticated lease/ loan products. Expert programmer: customized portfolio mgmt, securitization, economic capital & pricing applications. Available for contract work.
E-mail: lease_structuring@yahoo.com

Chicago, IL
MBA, 15+ years exp. Long history of success in maximizing residual position through outstanding negotiation skills & lease contract management. Third party re-marketing, forecasting etc...
email: jgambla@aol.com

Chicago, IL
2+ Years Exp. Asset Remarketing Transportation/ Medical/Cosmetic Equipment; Superior End Of Lease Negotiation Skills; Comprehensive Buyer Contacts; Available Immediately For Assignment
Email: Lonnie0168@comcast.net

Princeton, NJ
Asset management/credit/collection
20+ years experience in equipment financing. Last five years in Asset Management including remarketing, end of lease negotiations, equipment and market evaluations
E-mail: bgaffrey@earthlink.net

Sausalito, CA
Sr. Corp. officer, presently serving as consultant, fin. service background, M&A, fund raising, great workout expertise, references
Email: nywb@aol.com

Sonoma, CA
20+ years managing/ maximizing residual values, exp. computers/ hi-tech mfg. Excellent negotiation skills. Outstanding 3rd party contacts/buyers. Created deal winning structures-established residual values.
Email: dfeltman@yahoo.com

Wilton, CT
18 years exp. in IT and High Tech leasing industry. Residual forecasting, workouts, off-lease sales, mid-term restructures, auctions, all aspects of remarketing and equipment management.
Email: charrer@hotmail.com

For a full listing of all “job wanted” ads, please go to:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm

To place a free “job wanted” ad, please go to:
http://64.125.68.91/AL/LeasingNews/PostingForm.asp

* www.nativestonewinery.com

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Open Letter to Marlin Leasing

by Christopher Menkin, editor

Leasing News attempted several times in the last few days to reach

Marlin Business Service corporate officers for a comment on recent Security Exchange Commission filings. E-mails and telephone calls were not returned. Even Michael Bennie didn't want to respond. The main PR man, according to the press releases and records, George Pelose, general counsel and secretary, doesn't even return telephone calls. We don't even try to reach him any more, as it is evident they are afraid to talk to us.

I guess the officers think we are just a trade publication for the leasing industry, which we are. However, I should inform them that we turn Marlin NASDAQ stock investors down from subscribing and let them know we have never received a response from about the CFO resigning and the deal made to him, or about the filing dated June 30, 2006 and recorded by the Security Exchange Commission on July 11,2006, JP Morgan Chase & Company is the “beneficial owner of 1,237,110 shares of stock...Percent of class: 10.4%” (roughly $27,055,595 a few days ago.)

We really don't want the consumers reading us, as most don't understand the business, plus what we generally write would be very boring to them such as "Lefebre Appointed First Chair Business Council," or John Winchester Chairman of One World, or Bruce Kropschot bringing leasing sales teams to new companies, or FASB. To them, this is “trade news” and would be of very little interest. I tell them this when I inform they we are not giving them an e-mail subscription. It would throw off our web trend account of stories opened.

One of the reasons we named our publication Leasing News was I figured readers who wanted information about a company would use that. For instance, if you search Google with “Marlin leasing news” we are number one and two on the list. If you use Yahoo, an ELA press release comes first and we are number two and four. Other browsers put us as number one, and rarely are we not in the top three.

After our last story, Marlin Business Service stock went from a high yesterday of $20.80 to a low of $19.93, down $1.10 (5.225) on a volume of 30,258.

http://moneycentral.msn.com/scripts/webquote.dll?Symbol=MRLN

Certainly we are not the Wall Street Journal, although some readers have referred to us as the Leasing Wall Street Journal. Others use language we can't print here, but the fact is we are read not only by employees of leasing companies, often their presidents and officers too, but also by investors and consumers. If you want the inside news first, the real thing, not the “spin” press releases, we get the readers. The Alexa/Google listing shows us second in the group, right behind the American Bankers Association web site, much larger and a daily. We usually only publish three times a week, so to get these ratings, above the dailies, means we are read.

We don't know about:

Money Central reported on 06-30-06 10:27 AM
Volume more than twice 30-day average

This stock experienced unusually high trading volume of 423,219 shares today; its average daily volume over the previous 30 days was 26,369 shares.

And have not reported on:

Officers Salaries:
http://swz.salary.com/execcomp/layouthtmls/excl_companyreport_C1001289_summary.html

I can personally tell you officers of Marlin Business Services, not responding is not going to make us go away. In fact, it is surprising that a successful company appears to have something to hide in to being forthcoming, even on Security Exchange Commission public filings. It makes us want to dig deeper as we think there must be more to the story we don't know about.

Why can't you tell us about these SEC filings?
Hey, we're not going away this year!!!!

Christopher Menkin, editor

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Litigious lessor loses a big case

FTC, class-action suits have targeted aggressive policies of office equipment lender

By Sacha Pfeiffer, Globe Staff

Boston.com

But that's what happened when she leased equipment from Leasecomm Corp., a subsidiary of MicroFinancial Inc., a Woburn company that finances office products for small businesses. And she wasn't the first Leasecomm customer to find herself in this bind.

Last month, a Massachusetts District Court judge ordered Leasecomm to pay Akpaffiong $187,225, ruling that it had deceived her in their business dealings. The amount includes triple damages because Leasecomm willfully violated state law with its ``unconscionable lease," ``false and misleading representations," and ``harsh and heavy-handed collection practices," the court said.

The judgment is the latest legal blow for Leasecomm, whose restrictive leases and aggressive debt collection have made it the target of several class-action lawsuits, a federal racketeering complaint, securities fraud allegations, and civil charges by the Federal Trade Commission and an eight-state task force.

An attorney for Leasecomm, Richard J. McCarthy, defends its leases as ``perfectly appropriate" and said the company will appeal the Akpaffiong ruling, which he called ``aberrational."

Complaints about Leasecomm are similar nationwide, that it manipulated businesses and individuals into signing confusing, complicated leases for an array of business products and online services. Tens of thousands of those people were sued by Leasecomm after they stopped making payments because they had trouble canceling their leases or believed they had been overcharged.

From 1985 to 2002, Leasecomm wrote nearly 700,000 leases and filed more than 92,000 lawsuits against people who failed to make payments, McCarthy said. Because its leases often required that disputes be resolved in Middlesex County -- no matter where the lease-signers lived -- Leasecomm won thousands of default judgments when defendants missed court dates in Massachusetts.

Leasecomm's lawsuits have been difficult for customers to fight because the debts the company sought were often too small to make hiring a lawyer worthwhile, and because its small-business customers were not protected by some consumer protection laws, according to several attorneys who have represented clients sued by Leasecomm.

But last month's ruling is ``very, very important" because it outlines a successful defense for people sued by Leasecomm for outstanding debts, said New York lawyer John C. Klotz , who in 2002 filed a federal civil racketeering lawsuit against the company that is pending.

``What we did differently is put the whole business practice in context and presented that to the court," said Derege B. Demissie , the Cambridge lawyer for Akpaffiong, who lives in Redondo Beach, Calif. ``It's difficult for an individual to win without showing the full picture."Continued...

Attorney General Thomas F. Reilly , who helped broker a 2003 FTC civil settlement with Leasecomm, said at the time that the company ``knowingly participated in a scheme that used the `get-rich-quick' allure of selling products on the Internet to take advantage of thousands of consumers who were ultimately forced into debt."

Leasecomm, which provides financing for products that cost between $500 and $10,000, often targeted immigrant communities and aggressively pursued outstanding debts through dunning letters and collection agencies, according to attorneys who have sued the company.

``Many people assumed at their peril that Leasecomm would work with them if they ran into problems or made their payments a little late," said Concord lawyer Kenneth D. Quat , who filed several class-action suits against the company, ``but Leasecomm was basically looking to squash everybody."

The lease payments often totaled many times the fair market value of the products being financed. In Akpaffiong's case, the credit card machine she leased in 1999 for 24 monthly payments of $100 each could have been bought new for $700 or used for $300, she later learned. But Leasecomm told her the lease, which Judge Santo J. Ruma described in his ruling as ``confusing and beyond the scope of an ordinary person's understanding," could not be canceled.

After Akpaffiong finished making payments, Leasecomm continued to assess monthly charges because, it said, she had not returned the equipment or notified the company by certified mail that she wanted to end the lease. Akpaffiong, who had thought she would be able to buy the machine at the end of the lease for $30 to $50, told her bank to stop Leasecomm's automatic deductions from her account.

But Leasecomm continued the charges, adding collection fees and late payments. It eventually sued her for $3,029.35 in past-due charges and sent negative reports about her to credit agencies. Akpaffiong was unable to buy a van for her business because of her negative credit rating.

``They're really destroying the lives of people who don't have much money to start with," said Glenn Harrison of Montgomery, Ala., who said he signed up for a $64.95/month Leasecomm service that let him take online credit card payments and, after trying to cancel it, was billed $3,500. ``It's despicable."

Leasecomm's chief executive, Richard F. Latour, did not return a call for comment. But McCarthy, Leasecomm's lawyer, said he ``strongly disagrees" with last month's ruling and described Leasecomm's contracts as ``typical finance leases."

When customers have payment concerns or problems, Leasecomm is ``flexible and reasonable and practical," McCarthy said, ``and would rather work something out so that some amount of payment is coming in, as opposed to having to resort to litigation."

The 2003 FTC settlement canceled $24 million in court judgments that Leasecomm had won by default when small-business defendants couldn't make court dates in Massachusetts. That amount covered between 6,000 and 8,000 leases, according to FTC attorney Randall H. Brook.

But Demissie and other lawyers who have sued the company said prosecutors did not go far enough. ``They should have looked at a criminal indictment," said Dorchester lawyer Thomas J. Doherty .

Jesse Caplan , chief of the consumer protection and antitrust division for the state attorney general , said the settlement has helped thousands of consumers.

``Are there people out there that may still be litigating with Leasecomm? We're sure there are, and some of them may be frustrated that they did not get immediate relief," Caplan said. ``But I think this is actually an example of a situation where we were able to get very broad relief for a very large number of people, and also change the practices of this company going forward."

Sacha Pfeiffer can be reached at pfeiffer@globe.com .

Leasing News previous articles on Leasecomm/Microfinancial:
http://www.leasingnews.org/Conscious-Top%20Stories/micro_leasecomm.htm

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FASB Issues Lease Accounting Guidance

A new staff position requires companies to account for the "economic reality" of leveraged leases.

Marie Leone, CFO.com

July 13, 2006

Come December, companies will be required to recalculate their leverage leases if the timing of tax benefits affect corporate cash flows, says new guidance released Thursday by the Financial Accounting Standards Board. The FASB Staff Position (FSB) revises FASB Statement No. 13, Accounting for Leases.

FAS 13 requires that a lease should be recalculated when a change in an important assumption affects net income. One such change would be the timing of cash flows relating to income taxes generated by a leveraged lease.

In its guidance, FASB notes that many leveraged leases provide significant tax benefits to the lessor, and leveraged lease accounting is significantly influenced by the cash flows between that lease holder and the taxing authority. So, a change in the timing and amount of those cash flows would be expected to change the economics of the transaction, and therefore should be reflected in the financial statements of the lessor.

The FSB "reflects our belief that accounting should fully reflect economics of a transaction," commented FASB Member Edward Trott in a statement announcing the amendment. In other words, explained Trott, any changes in either the timing or amount of the cash flows associated with leveraged lease transactions will be "now be properly reflected in the financial statements."

January 23, 2006

At last Wednesday's meeting, the Financial Accounting Standards Board considered proposed changes to Statement No. 13, Accounting for Leases.

An existing provision in FAS 13 requires that a lease should be recalculated when a change in an important assumption affects net income. One such change would be to the timing of cash flows relating to income taxes generated by a leveraged lease. In that light, last July's proposed staff position 13-a was potentially significant: It would require that after a leveraged lease is recalculated, if the change in the timing of cash flows modified the characteristics of the lease so it no longer qualified for leveraged lease accounting, then the lease should be reclassified. The debt would then be recorded gross rather than net, and the pattern of income recognition would change as well.

Most comment letters disagreed, however, and at last week's meeting the board agreed that a company would not be required to reclassify a lease in such circumstances.

"We had valid reasons in the draft for requiring it," board member Leslie Seidman said at the meeting. She added, however, that the requirement seemed to be "inconsistent with the general premise of FAS 13 that you do not reconsider the classification unless there is a change in the terms" of the lease agreement. If FASB pursued the reclassification approach, Seidman also noted, there would be inconsistency and implementation issues to make it operational.

Separately, to further clarify FAS 13, the staff recommended and the board agreed that when a leveraged lease is recalculated, all assumptions should be updated to rely on the most current information. The board also decided against its original proposal that interest and penalties should be included in the recalculation. The proposal, which would have accounted for interest and penalties within leveraged lease accounting, would have affected the profitability of individual leases and, possibly, whether the leases would meet the criteria for leveraged-lease accounting treatment.

Comment letters also raised the issue of the threshold that should be used for recognizing tax benefits in a leveraged lease transaction — "probable" recognition, or "more likely than not." According to FASB, there is no numerical definition of "probable" in the accounting literature, but as practice has evolved, it has become generally accepted as being between 70 percent and 75 percent. "More likely than not" is generally accepted at 50.1 percent.

Respondents expressed concern that when a company evaluated whether the tax position in its financial statements would be sustained upon audit, the probable-recognition threshold would be too high to meet. At last week's meeting, the FASB staff and the board agreed that the threshold should be consistent with FASB's policy on Accounting for Uncertain Tax Positions. In that project — which applies to Statement No. 109, Accounting for Income Taxes, and which is currently in draft form — the board recently lowered the threshold to "more likely than not."

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Classified Ads---Help Wanted

Account Managers

"Specializing in Equipment Financing"
Charlotte * Los Angeles * New York * Phoenix

   
National Account Managers

60% com./30% res. APP only to $150,000. No industry/geo restrictions. Tremendous flexibility/freedom: your home office or our regional offices. bjohnson@alliancecap.com 
   

Sales

   
Highest Commission in Industry

Seeking self-motivated, energetic individuals for California, Florida, Georgia, Illinois,Texas
equipment transportation leasing/financing. Moderate travel & extensive phone work.
Email resume : ekaye@advantagefunding.us
or fax to 718-392-5427.
 

About the Company: Advantage Funding was recently acquired by Marubeni Motor Holdings, a major Japanese trading company and is a leading commercial and consumer vehicle and equipment financing and leasing company based in Long Island City, NY.
   

Sales Manager

   
Inside Sales Manager
Troy, MI

Proven in sales, prospecting and closing
skills. Must know how to lead and
grow our sales team. Send resumes to htischer@leasecorp.com   

   

[headlines]

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FitchTraining
Credit Workshops

2006 Autumn / Winter Schedule

www.FitchTraining.com

Market-oriented credit courses covering financial institutions, structured finance and corporate credit analysis.
TARGET AUDIENCES:
  • Investors
  • Fixed income sales, trading and syndicate
  • Originators
  • Credit risk managers
  • Relationship managers
  • Research analysts

To view Winter/Spring schedule, please go here:
http://leasingnews.org/PDF/FitchTraining_%20Win-Spr06.PDF

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A Manager's Guide to Destroying Trust

by Steve Chriest

Sales managers who want to build trust in their selling organizations might want to examine the results of a survey about trust conducted with managers and employees in the U.S., France, Singapore and the United Kingdom. Survey respondents revealed what managers do to destroy trust, and what they must do to build trust within their organizations. The truth in their answers appears so self-evident that it's not surprising that trust in managers is at an all time low.

Here are some trust-busting behaviors that many managers employ with great success:

- Telegraph mixed messages. Your employees will never know where you or they stand on any issue.
- Get up each morning and ask, before you do anything, what you can do for yourself today. Your employees will catch on, and they'll expect you to always first serve yourself in all situations.
- Blame anything or anyone besides yourself when you screw up. Your employees will soon learn that you were born perfect, remain perfect, and that you don't suffer mistake-prone humans well.
- React immediately when you hear any bad news, and never, ever check the facts before you react. You will train your employees to keep all bad news to themselves, keeping you in the dark, even about urgent issues.
- Withhold the truth from or lie to your employees. As long as you believe that what they don't know won't hurt them, and that there really is a difference between a “white lie” and a “whopper,” your employees will learn to regard everything you say with automatic suspicion.

If sales managers don't want to destroy trust their organizations, it seems obvious that they would be well served by simply avoiding all the above trust-busting behaviors as they work with their sales teams. But building and maintaining trust is perhaps the most difficult challenge facing most managers today. Fortunately, the survey respondents provided the following trust-building behaviors sales managers should employ if they want to build trust:

•  Always communicate openly and honestly, and don't distort information in any way.

- Your employees will soon know you as a straight-shooter who delivers information “as it is,” even when it is painful to deliver or hear.
- Treat team members as skilled, competent associates. Remember, in today's business climate, your team members don't work “for” you, they work “with” you.
- Invite input from other sentient human beings. Most people will offer opinions and suggestions if asked, and if they perceive their points of view will be heard, even if you might not agree.
- When you promise and when you commit, always deliver – always – unless you unexpectedly find yourself in a hospital bed.
- Eat your own cooking – or practice what you preach. Your employees learn much more about you from watching what you do than they learn by listening to what you say. They may listen to what you say, but they will watch much more closely what you do and judge how closely your actions reflect what you preach.

The employees and managers who responded to this survey on trust are really telling all managers that what's at risk for managers, ultimately, is their credibility with their employees. Managers cannot have credibility with their employees if they don't have the trust of those employees. The survey provides excellent stop-doing and start-doing guidelines for sales managers who want to avoid trust busting behaviors and employ those behaviors that build trust among their sales team members.

Copyright © 2006 Selling Up TM . All Rights Reserved.

About the author: Steve Chriest is the founder of Selling Up TM ( www.selling-up.com ), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling Up, The Proven System for Reaching and Selling Senior Executives. You can reach Steve at schriest@selling-up.com .

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ELA Member Testifies Before Capitol Hill Panel on Sarbanes-Oxley

ELTnews

On July 11, Dan Pocrnich, Chief Financial Officer of Wells Fargo Equipment Finance, Inc., on behalf of the Equipment Leasing Association testified before a congressionally sponsored panel on the compliance costs associated with the passage of the Sarbanes-Oxley Act (SOX) of 2002.

Mr. Pocrnich participated on a panel entitled "Sarbanes-Oxley: Is it the Tip of the Iceberg?" which was sponsored by the American Council of Capital Formation (ACCF) and the Small Business & Entrepreneurship Council. Additional participants included Congressman Tom Feeney (R-FL) of the House Financial Services Committee and prominent financial commentator and columnist for The Wall Street Journal, Alan Murray. Other private sector participants were representatives from the New York Stock Exchange (NYSE), Mercantile Bankshares Corporation and Merrill Lynch.

In his presentation before the panel, Mr. Pocrnich stated that Wells Fargo Equipment Finance has found that the internal control requirements under Section 404 of SOX to be very prescriptive, redundant and expensive in terms of process documentation and human capital. In Pocrnich's view, the competitive nature of the leasing industry and the narrow margins of its products mandates that such compliance costs cannot be passed onto consumers since the industry competes with foreign entities and private funding sources that are not subject to the strictures of the Act. This single section alone -of the sixty-six sections of the Act- accounts for most of the recurring and redundant compliance costs for Wells Fargo Equipment Finance and is therefore ripe for change.

For further information please contact, David Fenig ELA's Vice President of federal Government Relations at dfenig@elamail.com

[headlines]

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

Tokyo Leasing (U.S.A.) Inc. Adds Rowland Thomas to Its Sales Force

Tokyo Leasing (U.S.A.) Inc. of Purchase, New York is pleased to announce that Rowland Thomas has been promoted to Vice President of Credit and Marketing. In this role Rowland Thomas will be seeking new relationships in two key business segments; portfolio acquisitions and middle market transactions.

Rowland is based out of the New York office. He can be reached by phone at 914-696-2216 or email at rthomas@tokyoleasingusa.com

Tokyo Leasing (U.S.A.) Inc. is the North American subsidiary of Tokyo Leasing Ltd of Japan. With operations in North America, Asia, Europe and Japan, Tokyo Leasing is one of the largest equipment finance companies in Japan with 2005 revenue in excess of $3.7 billion.

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

Key Equipment Finance names Richard W. McAuliffe Senior Vice-President
and General Manager for Canada Region

SUPERIOR, CO. – – Key Equipment Finance, one of the nation's largest bank-affiliated equipment financing companies and an affiliate of KeyCorp (NYSE: KEY), has named Richard W. McAuliffe as senior vice president and general manager of its Canadian region. Key Equipment Finance Canada Ltd. partners with leading vendors of technology and capital asset equipment providing lease financing to their business customers. They also provide direct financing solutions to corporate and commercial clients for equipment acquisitions. Mr. McAuliffe will lead Key Equipment Finance's development and support of equipment financing programs, products and services across Canada.

Mr. McAuliffe joined Key Equipment Finance Canada in 2003 as vice president, commercial leasing services. Prior to joining Key, he was assistant vice president, Toronto Dominion Commercial Bank and general manager, TD Asset Finance Corp. He has more than 17 years of experience in direct and vendor equipment leasing, having also worked for G.E. Capital Canada Inc. and Chase Manhattan Bank of Canada. He is a member of the Canadian Finance & Leasing Association (CFLA) and serves as chairman of their Education committee.

“Richard is a natural choice to lead our Canadian organization,” said H. Clifton Gottwals, executive vice president, North America, within Key's global vendor services business. “His experience in the direct and vendor leasing business in Canada and his strong leadership skills have earned him the respect and recognition of his peers, competitors and team mates. I am very excited to be working with Richard as we focus on increasing our Canadian business.”

Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business equipment financing solutions to businesses of many types and sizes. They focus on four distinct markets:

· businesses of all sizes in the U.S. and Canada (from small business to large corporate);
· equipment manufacturers, distributors and value-added resellers worldwide;
· federal, provincial, state and local governments as well as other public sector organizations; and
· lease advisory services for manufacturers' captive leasing and finance companies.

Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $12.6 billion equipment portfolio with annual originations of approximately $5.7 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; Houston, Texas; London, England; and Sydney, Australia. The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at KEFonline.com.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

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CIT and Microsoft Announce Global Financing Relationship

Agreement Demonstrates CIT's Leadership in Technology Vendor Finance Rollout to Begin in France and Switzerland

NEW YORK and REDMOND – – CIT Group Inc. (NYSE: CIT), a leading global provider of consumer and commercial finance solutions, today announced a five-year global relationship to provide vendor financing solutions for Microsoft Corp.'s (NASDAQ: MSFT) products and services. Under the terms of the agreement, CIT will begin as the exclusive financing partner for Microsoft® Financing in France and Switzerland. The relationship is expected to expand to other major markets around the world by the end of 2007.

Tom Hallman, CIT's vice chairman for specialty finance, said, “We are excited to add Microsoft to our world-class list of vendor partners. Our newly formed relationship with Microsoft reflects our ability to provide customized financing solutions for customers of leading global technology companies and further solidifies CIT's position as a leading provider of vendor financing around the world. We look forward to working alongside Microsoft as we expand our global alliance.”

“This agreement will further enable Microsoft to meet more diverse customer needs for financing their software, services, and hardware,” said Brian Madison, general manager of Microsoft Financing at Microsoft. “We chose CIT because of its global leadership and expertise in technology vendor finance and for its deep understanding of the financing needs of our broad base of customers.”

CIT Vendor Finance is a global leader in financing solutions that drive incremental revenues for manufacturers, distributors, and other intermediaries. It provides customized financing solutions to customers in nearly 40 countries, supporting a wide variety of industries, including health care, industrial equipment, and technology.

About CIT

CIT Group Inc. (NYSE: CIT), a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has $65 billion in managed assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its global headquarters in New York City, CIT has more than 6,700 employees in locations throughout North America, Europe, Latin America, and the Pacific Rim. www.CIT.com

About Microsoft Financing

Microsoft Financing is a financing arm of Microsoft Corp. that is dedicated to making it easier to purchase Microsoft products through financing. Microsoft Financing forms partnerships with commercial financing institutions to deliver optimal customer financing solutions.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Microsoft is a registered trademark of Microsoft Corp. in the United States and/or other countries.

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Siemens Expands Healthcare Finance Offering in the U.S.;
Siemens Financial Services to Tailor Working Capital
Solutions for Healthcare Providers

ISELIN, N.J.----Siemens Financial Services, Inc. (SFS), the U.S. financial services arm of Siemens AG, today announced the expansion of its financing offering for healthcare providers to include working capital solutions. In addition to medical equipment financing, SFS will now provide revolving lines of credit and term loans to organizations throughout the U.S. who are providing healthcare services.

"As healthcare providers in the U.S. continue to struggle to effectively manage financial performance and offer customers the latest technologies, there is an increasing demand for a broader suite of financial solutions," said SFS President and CEO Roland Chalons-Browne. "The addition of working capital financing for healthcare providers allows us to tailor our solutions to address the complex needs of the healthcare market, enabling SFS to have more in-depth, strategic relationships with our customers."

This working capital offering is aimed at a range of healthcare providers including, but not limited to, hospitals, physician practices, diagnostic imaging centers, surgery centers, long-term care and skilled nursing facilities. These providers often seek financing when expanding facilities, making acquisitions, or looking to leverage the value of existing assets.

SFS is expanding its team within healthcare finance with dedicated senior industry experts including Jim Fuller, Tracy Maziek and Al Smith. Fuller, who has led several healthcare finance teams within SFS, spearheads this new effort within Siemens. Maziek and Smith, based in Southern California and Dallas, respectively, have recently joined the SFS team, bringing extensive knowledge and experience in working capital and structured finance solutions for the healthcare market.

About Siemens Financial Services

With some 1,700 employees and an international network of financial companies coordinated by Siemens Financial Services GmbH, Munich, the Siemens Financial Services Group offers a broad range of financial services. This covers activities from sales and investment financing to treasury services, fund management and insurance brokerage. The group's key customers are internationally active industrial and services companies, as well as public-sector operators. The group supervises 22 leasing companies worldwide. Further information: www.siemens.com/sfs

Siemens Financial Services, Inc. (SFS) is a leading provider of business-to-business financial services and is one of Siemens' operating companies in the United States. SFS helps businesses increase productivity, improve cash flow and acquire the latest technology by providing customized solutions that range from equipment financing to working capital solutions. With U.S. headquarters in Iselin, N.J., SFS employs more than 200 industry experts who specialize in tailoring solutions for thousands of premier businesses.

About Siemens

Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $96 billion in fiscal 2005. Founded nearly 160 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $18.8 billion and employs approximately 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 460,000 people in 190 countries. For more information on Siemens in the United States: www.usa.siemens.com .

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News Briefs----

Central Bank Raises Rates in Japan
http://www.nytimes.com/2006/07/14/business/worldbusiness/14bank.html?_r=1&oref=slogin

GE 2nd-Qtr Profit May Rise With Engine Sales, Finance Products
http://www.bloomberg.com/apps/news?pid=20601103&sid=avsFVO8TJoDE

Oil surges above $78 a barrel as violence in Middle East escalates
http://www.signonsandiego.com/news/business/20060713-1458-oilprices-us.html

Intel to cut 1,000 managers
http://www.siliconvalley.com/mld/siliconvalley/15030899.htm

Washington Mutual to cut 900 jobs
http://seattletimes.nwsource.com/html/businesstechnology/
2003124992_webwamu13.html

Housing hangover
http://www.signonsandiego.com/news/business/20060713-9999-1n13prices.html

Claims for jobless benefits jumped 19,000 last week
http://www.signonsandiego.com/news/business/20060713-1459-economy.html

Rents could fall as new condos become apartments
http://www.usatoday.com/money/economy/housing/2006-07-13-condos-usat_x.htm

Big Dig Possible Defect Count Quadrupled in Boston
http://www.nytimes.com/aponline/us/AP-Big-Dig.html

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You May have Missed---

Fed opposes allowing retailers into the club: ilc
http://www.ajc.com/business/content/business/stories/0713bizdepotbank.html

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“Gimme that Wine”

Ark. Wine Case Put On Hold
http://www.todaysthv.com/news/news.aspx?storyid=31155

July 27 th The Livermore Valley's Wine & Food Experience
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=
/www/story/07-11-2006/0004394747&EDATE
=

Australia's western frontier
Maverick vintners make sophisticated, well-priced wines on the other side of the Outback

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

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Calendar Events This Day

Bastille Day Celebration. Boston, MA
A street celebration with typical Parisian joie de vivre; dining and dancing under the stares. www.frenchlib.org

France: Bastille Day or Fete National
Public holiday commemorating the fall of the Bastille at the beginning of the French Revolution, July 14,1789.

French Fries Day

Mission San Antonio de Padua: Founding Anniversary
California. Mission to the Indians founded July 14, 1771.

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Today's Top Event in History

    1943-The first national monument dedicated to an African-American was the George Washington Carver National Monument, authorized this day, officially established June 14,1951, and dedicated on July 14,1953. It consists of 210 acres about 2.5 miles southwest of Diamond in Newton County, MO. It is administered by the National Park Service.
http://www.nps.gov/gwca/
http://www.coax.net/people/LWF/carver.htm
http://www.nationalparks.com/george_washington_carver_national_monument/
facilities.htm

http://www.lib.utexas.edu/maps/national_parks/washington_carver_area98.pdf

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This Day in American History

    1771-Mission San Antonio De Padua founded.
http://www.pelicannetwork.net/mission.san.antonio.htm
http://www.classbrain.com/artmission/publish/article_3.shtml
http://www.missionsanantoniopadua.com/
    1773 The first annual conference of the Methodist Church in America convened at St.George's Church in Philadelphia, PA.
    1798—Tax was levied by Congress directly on the states on a direct pro rata tax basis, authority by act of July 14, 1798. It was levied on dwellings, land, and slaves. The amount to be collected was $2 million, which was apportioned to the states in direct ratio to the population.
    1862- Florence Bascom birthday - U.S. geologist. FB was the first woman to receive a Ph.D. degree from any U.S. university (John Hopkins) and was instrumental in making Bryn Mawr a major center for geology as its longtime, much revered professor. She was the first woman to be elected a fellow of the Geological Society of America. Her domestic partner Julia Anna Gardner (b. 01-26-1882) was also a geologist who did important work in economic geology and assisted in the strategic planning efforts of WWII.
http://geoclio.st.usm.edu/fbascom.html
http://www.angelfire.com/anime2/100import/bascom.html
http://www.kacee.org/compendium/Florence_Bascom/biography-bascom.html
http://www.tsha.utexas.edu/handbook/online/articles/view/GG/fga56.html
    1864-Confederate General Nathan Bedford Forrest suffers his biggest defeat when Union General Andrew J. Smith routs his force in Tupelo, Mississippi. The battle came just a month after the Battle of Brice's Crossroads, in which Forrest engineered a brilliant victory over a larger Union force from Memphis that was designed to keep him from threatening General William T. Sherman's supply lines in Tennessee. Hoping to neutralize Forrest, Sherman sent Smith's expedition to destroy Forrest and his cavalry. Smith left LaGrange, Tennessee, on June 22 with 14,000 troops. Forrest and his cavalry were part of a 10,000-man force commanded by General Stephen Lee, but Forrest and Lee shared command responsibilities. Forrest's strategy at Tupelo was similar to his tactics at the Battle of West Point, Mississippi, five months earlier. In both battles, Forrest used part of his force to entice the Yankees into a trap. The plan worked well at West Point, but in Tupelo Smith did not take the bait. Instead of driving right at Forrest, Smith dug his troops in around Tupelo. Lee and Forrest were uneasy about attacking the Yankees, but they agreed to try to drive Smith out of Mississippi. The assault began on the morning of July 14. Smith's Union troops were in an ideal position for fending off an attack. The Confederates had to fight uphill across nearly a mile of open terrain. Lee struck one flank and Forrest struck the other. Poor communication ruined the Rebels' coordination, and after three hours they had not breached the Union line. Although Lee was the ranking Confederate, he had offered Forrest command of the battle. Forrest declined, but assigning blame for the defeat is difficult. Union losses stood at 674, while Forrest and Lee lost over 1,300 soldiers.
http://www.civilwarhome.com/natbio.htm
http://ngeorgia.com/people/forrest.html
http://www.blueshoenashville.com/history.html
    1868 - The tape measure was patented by Alvin J. Fellows of New Haven, Connecticut
    1891-African-American John Standard, inventor, receives patent for his improvement on the refrigerator.
http://inventors.about.com/library/inventors/bljohnstandard.htm
    1892-- The Baptist Young People's Union held its first national convention in Detroit. The founding of the BYP Union was inspired by the earlier work of Francis E. Clark, a Congregational pastor who founded the first 'modern' youth fellowship in 1881.
1896-Los Angeles had its greatest 24 hour July rainfall with .24
    1903 -- Novelist Irving Stone born, San Francisco, Ca.
http://www.answers.com/topic/irving-stone
http://www.fantasticfiction.co.uk/authors/Irving_Stone.htm
    1910-Birthday of William Hann, born at Melrose, New Mexico. He was the co-creator of such popular characters as Tom and Jerry, Yogi Bear, Snagglepuss and Magilla Gorilla. With partner Joe Barbera, he won sever Academy awards for his Tom and Jerry cartoon shorts and another eight works were nominated. the Hanna-Barbera team created the first animated TV sitcom for adults, The Flintstones (1960), and such favorites as the Jetsons and Scooby-Doo, Where are You? Hanna died at Los Angeles, CA., on March 22,2001.
    1912-Birthday of Woodrow Wilson “ Woody” Guthrie, American folksinger, song writer (“This Land is Your Land,” “Union Maid, “ “Hard Traveling,”) born at Okemah, OK. Traveled the country by freight train singing and listening. Died Oct. 3, 1967 at New York, NY. Father of singer Arlo Guthrie.
http://www.cooper.edu/~george/born2win.html
http://memory.loc.gov/ammem/wwghtml/wwghome.html
CHORUS: This land is your land, this land is my land

From California to the New York island
From the Redwood forest to the Gulf Stream waters
This land was made for you and me

As I was walking that ribbon of highway
I saw above me that endless skyway
I saw below me that golden valley
This land was made for you and me

I roamed and rambled and followed my footsteps
O'er the sparkling sands of her diamond deserts
While all around me, a voice was saying
This land was made for you and me

When the sun came shining and I was strolling
And the wheat fields waving and the dust clouds rolling
As the fog was lifting, a voice was chanting
This land was made for you and me

As I went walking, I saw a sign there
On the sign it said NO TRESPASSING
But on the other side it didn't say nothing
That side was made for you and me!

In the squares of the city, in the shadow of the steeple
In the relief office, I seen my people;
As they stood there hungry I stood there asking,
Is this land made for you and me?

Nobody living can ever stop me
As I go walking that freedom highway
Nobody living can make me turn back
This land was made for you and me
    1913-Birthday of Gerald Ford, 38 th President of the United States(1974-77) Born Leslie King at Omaha, NE. Ford became 41 st vice president of the US on December 6, 1973, by appointment, following the resignation of Spiro T. Agnew from that office on October 10,1973. Ford became president on August 9,1974, following the resignation from that office on the day of Richard M. Nixon. He was the first nonelected vice president and president of the US.
    1918-Birthday Jay Forrester, a pioneer in computer memory. Forrester studied at the Massachusetts Institute of Technology, where he later became a professor and researcher. In 1945, he founded MIT's Digital Computer Laboratory and helped build an early digital computer called the "Whirlwind I." His work at the lab made him realize that existing information storage techniques were slow and, even worse, unreliable. In 1949, he developed a way to use a magnetic cell to store information. The random-access magnetic core memory became a central feature of most digital computers. Forrester later applied computer science to management problems, creating computer simulations of real world problems in manufacturing and other processes/
    1921 -- Sacco and Vanzetti case goes to the jury. At 7:30 in the evening the jury returns its verdict: both are both found guilty of murder in the first degree. Their long years of appeals and massive protests world-wide, begins.
    1923-birthday of Frances Lear, U.S. publisher of Lear Magazine for "the woman who wasn't born yesterday." It failed. It cost her $25 million of the estimated $100-112 million she received as a divorce settlement from her partner-husband Norman Lear, producer of two of TV's biggest hits, All in the Family and Maude, the latter allegedly based on Frances Lear's life as a businesswoman and a feminist activist.
    1929-Birthday of Alan Dawson drums, Marietta PA
http://members.sockets.net/~dcowsley/musicians/WilderHaggartDawson.htm
http://www.angelfire.com/cgi-bin/membership/suspended?member_name=mac/keepitlive
    1934 --116ø F (47ø C), Orogrande, New Mexico (state record)
    1936-- 116ø F (47ø C), Collegeville, Indiana (state record)
    1942 - It was their last duet together for Helen O'Connell and Bob Eberly when they recorded "Brazil" with the Jimmy Dorsey band.
    1943-The first national monument dedicated to an African-American was the George Washington Carver National Monument, authorized this day, officially established June 14,1951, and dedicated on July 14,1953. It consists of 210 acres about 2.5 miles southwest of Diamond in Newton County, MO. It is administered by the National Park Service.
http://www.nps.gov/gwca/
http://www.coax.net/people/LWF/carver.htm
http://www.nationalparks.com/george_washington_carver_national_monument/
facilities.htm

http://www.lib.utexas.edu/maps/national_parks/washington_carver_area98.pdf
    1947—Top Hits
Peg o' My Heart - The Harmonicats
I Wonder, I Wonder, I Wonder - Eddy Howard
Chi-Baba, Chi-Baba - Perry Como
Smoke! Smoke! Smoke! (That Cigarette) - Tex Williams
    1948 -- The New Yorker publishes J. D. Salinger's intriguing short story of infidelity & self-deception, "Pretty Mouth & Green My Eyes."
    1950 - No. 1 Billboard Pop Hit: "Mona Lisa," Nat King Cole. The song, which tops Billboard's pop chart for eight weeks, is featured in the film "Capt. Carey, U.S.A.," sells more than 3 million copies. The song receives a Grammy Hall of Fame Award in 1992.
    1951-Citation, winner of the 1949 Triple Crown, became the first horse to pass the $1 million mark in career earnings by winning the Hollywood Gold Cub, after which the colt was retired. Citation raced 45 times, won $1,085,76--- and finished out of the money only once.
    1955 - The film version of Mister Roberts, starring Henry Fonda and James Cagney, opened in New York. Jack Lemmon later won the Academy Award for Best Supporting Actor, and the movie received a nomination for Best Picture.
    1955—Top Hits
Rock Around the Clock - Bill Haley & His Comets
Learnin' the Blues - Frank Sinatra
Hard to Get - Giselle Mackenzie
A Satisfied Mind - Porter Wagoner
    1957 - On CBS radio, comedian Stan Freberg presented a new, weekly, comedy program. Though Freberg was well known for certain radio commercials, he was a late comer to the radio program race. Television was blamed for the short life of The Freberg show.
    1955 - The film version of Mister Roberts, starring Henry Fonda and James Cagney, opened in New York. Jack Lemmon later won the Academy Award for Best Supporting Actor, and the movie received a nomination for Best Picture.
    1957 - On CBS radio, comedian Stan Freberg presented a new, weekly, comedy program. Though Freberg was well known for certain radio commercials, he was a late comer to the radio program race. Television was blamed for the short life of The Freberg show.
    1960 - No. 1 Billboard Pop Hit: "I'm Sorry," Brenda Lee.
    1962- - Bobby Vinton's Roses are Red became the top song in the U.S. The song stayed at the top for four weeks and was the first of four #1 hits for Vinton. The others were: Blue Velvet, There! I've Said It Again and Mr. Lonely. Roses are Red was also Vinton's first million-seller. He had two others: I Love How You Love Me (#9 in 1968) and My Melody of Love (#3 in 1974.)
    1963—Top Hits
Easier Said Than Done - The Essex
Surf City - Jan & Dean
Tie Me Kangaroo Down, Sport - Rolf Harris
Act Naturally - Buck Owens
    1967- Eddie Mathews of the Houston Astros hit the 500 th home run of his career of Juan Marichal of the San Francisco Giants. Houston beat the Giants, 8-6. Mathews played in the majors from 1952 through 1968 and finished w2ith 512 homers.
    1967 -- Steve Miller Blues Band & the Sunshine Company concert at California Hall in San Francisco.
    1967 - The Who begins its first U.S. tour, opening for Herman's Hermits.
    1968-Henry Aaron of the Atlanta Braves hit the 500 th home run of his career, connecting off lefthander Mike McCormick of the San Francisco Giants. Aaron ended his career as baseball's home run champ with 755 round trippers to his credit.
    1968 -- Bill Graham leaves the Fillmore Auditorium in San Francisco to take over the Carousel Ballroom. Electric Flag & Blue Cheer closed out performances at the Fillmore at Geary & Fillmore streets.
    1971—Top Hits
It's Too Late/I Feel the Earth Move - Carole King
Indian Reservation - Raiders
You've Got a Friend - James Taylor
When You're Hot, You're Hot - Jerry Reed
    1973 - The Everly Brothers break up during mid-performance at a show at Knott's Berry Farm in Anaheim, California as Phil storms off the stage, vowing never to sing with his brother again. They much later get back together, as middle-age singers, joining Paul Simon on tour, as Simon says he and Garfunkle were imitating their favorite group: the Everly Brothers.
    1976-The Democratic National Convention nominated Jimmy Carter for the presidency on the first ballot. The next day Sen. Walter F. Mondale of Minnesota was nominated for the vice presidency. November 2 he beat incumbent president Gerald Ford 40,828,929 to 39,148,940. He received 297 electoral votes to Ford's 297. The Democrats kept a 2-1 Senate majority, 61-38, with one seat going to an independent, and a House majority of 292-143.
    1979-"Bad Girls" by Donna Summer topped the charts and stayed there for 5 weeks.
    1979—Top Hits
Ring My Bell - Anita Ward
Bad Girls - Donna Summer
Chuck E.'s in Love - Rickie Lee Jones
Amanda - Waylon Jennings
    1981 - When the All-Star Game was postponed because due to a players strike that had lasted 33 days so far, about 15,000 fans showed up to boo the players, who were not there. The 52nd All-Star classic would not be held until August 9th, and would take place at the Cleveland Municipal Stadium.
    1985 - Baltimore clinched their second consecutive United States Football League championship when they defeated Oakland 28-24. The game was also they last of the league's spring schedule. All 14 teams totaled losses estimated at $63 million. When team owners refused to tally up any more financial losses, the USFL faded away. Plans for the league to resume in the fall of 1986 were never brought up.
    1987 - The All-Star Game had its second-longest game in history when it took the National League 13 innings to defeat the American League in a 2-0 shutout. Played in Oakland, California, the game lasted 3 hours, 39 minutes.
    1987 - The Directors Guild of America initiated a strike in Hollywood, California, against Warner Brothers and Columbia Pictures at 6:00 a.m. At 6:05 a.m. on the same day, a film and television contract of agreement was reached, putting an end to the shortest strike in Hollywood history.
    1987—Top Hits
I Wanna Dance with Somebody (Who Loves Me) - Whitney Houston
Shakedown - Bob Seger
Songbird - Kenny G
All My Ex's Live in Texas - George Strait
    1987-- Lt Col Oliver North concludes 6 days of Congressional testimony. Gore was not on the Senate committee, and Lt. North did not name Ossma Bin Linden
http://pages.tias.com/18/PictPage/1921386614.html
http://www.rotten.com/library/bio/usa/oliver-north/
    1993 - The U.S. Postal Service releases stamps honoring four Broadway musicals. The 29-cent stamps feature scenes from "My Fair Lady," "Porgy and Bess," "Show Boat" and "Oklahoma!" and are issued in first day ceremonies in New York's Times Square.
    1995-Big heat wave in the central and eastern U.S. with all time highs at Chicago/Midway with 106, La Crosse, WI with 108
    1995-Boston, MA and Burlington, VT both hit 100 F.
    1995-South Bend, IN at 100 and Toledo, OH at 104 set all-time highs.
    2000-- A report presented to owners, The Commissioner's Initiative: Women and Baseball, finds women make up 46 percent of the average crowd at a big league game and urges major league franchises to make more of an effort to market to women patrons. According to the same report forty-three percent of women could not name a player on their home team's roster.
    2005- Defeating their historical arch rivals, the Giants become the first team to win 10,000 games as a franchise by edging the Dodgers in Los Angeles, 4-3. The Giants, who started as the New York Gothams in 1899, have posted a 10,000-8,511 record during the club's 123 seasons in the National League.
    2005- The first-known baseball card, which is part of a children's educational game, illustrates several boys playing together in a field as one pitches a ball to another holding a bat, makes its public debut at the Smithsonian Institution. The discovery of the historic card, which was discovered in an attic in Maine, dates to the early 19th century and predates other known cards by several decades.

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Baseball Poem

WHAT DOES HE KEEP IN HIS BAG?

The slugger keeps something in his bag,
The dark green canvas one that he lugs
To practices and games alike, carrying
His glove separately and his cap on his head
And his cleats already laced tightly.
There is something else that he keeps
In the bag that sits with him on the bench,
That he places carefully in the corner
When he takes the field and checks it
First when he clomps back in.

Everyone has seen him unzip
The long zipper across the top and
Reach inside for something, then pull
His huge hand back without powder
On it or anything sticky. When
Whatever it is moves around, it does
Not create the bulging straight lines
Of books or notebooks. From the way
He carries the bag, it does not appear
To be heavy; in fact, several players
Have discreetly checked the weight,
Jiggling it like a Christmas present.

The slugger is friendly, even to rookies,
And earns his magnanimous salary
Over and over, but he has this green
Canvas bag with something in it
That worries us all.

Written by Tim Peeler
“Waiting for Godot's First Pitch”
More Poems from Baseball
Published by McFarland and Company

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SuDoku

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?

http://leasingnews.org/Soduku/soduko-main.htm

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