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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

Monday, June 17, 2019

Today's Leasing News Headlines

Looking to Improve Your Career
   Post a Free Position Wanted Here
Leasing News Top Stories
   June 10 – June 14
NewLane Finance Takes a New Lane
    By Christopher Menkin, Editor
References—Who Should I Give?
   Career Crossroads --- By Emily Fitzpatrick
NEFA Crab Feast Captain James Crabhouse
  By Allan Levine, Madi$on Capital
How Cruise Ship Pollution Compares To Cars - Chart
   Emissions from Cruise Ships and Cars in EU Port Cities
German Shepherd
   Melbourne, Florida  Adopt a Dog
58th ELFA Annual Convention October 27 - 29, 2019
   Washington DC
News Briefs---
Whataburger Sells Majority Interest
    to BDT Capital Partners
Boeing CEO Admits Mistake In 737 MAX Communication
  engineers learned in 2017 that the alert light did not work

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device

 You May have Missed---
  Sports Brief----
   California Nuts Brief---
     "Gimme that Wine"
     This Day in History
       Daily Puzzle
         Weather, USA or specific area
          Traffic Live----

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer, it is considered a “byline.” It reflects the opinion and research of the writer.

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Looking to Improve Your Career
   Post a Free Position Wanted Here

Free Career Positon Wanted goes into our Classified Ad section here

It also runs once a week in the News Edition.

Use your personal email address only. We encourage you to add a resume, although not necessary. If you do so, please make sure your name, address and telephone number are not included. If so, we will delete them. The reason is once the resume is placed on line: it remains in Google, as well in Leasing News Editions’ archives. A search of your name will bring up your posting, which will have your address and telephone number for years to come.

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Leasing News Top Stories
June 10 - June 14

(Stories most opened by readers)

(1) Fire in Poipu, Kauai, Don Myerson Family House
             BSB Leasing in Hawaii

(2) Introducing TCF Capital Solutions
        Merger Announcement

(3) The Most Dangerous Ways to Travel in the U.S. - Chart
   Mode of Transportation Passenger fatalities per miles

(4) New Hires/Promotions in the Leasing Business
          and Related Industries

(5) 7 Charged After Alleged Role In Advance Fee Loan Scheme
          More than $2 million from 35 small-business owners

(6) 5 Things the Finance World Can Learn From Marketers
        Alex Vasilakos Visits Conferences and Offers Advice

(7) Telling My Employer I am Leaving
        Career Crossroad---By Emily Fitzpatrick/RII

(8) Fora Financial Joins
    Commercial Alternative Finance Company List

(9) Roger Federer is the King of Athlete Endorsements - Chart
   Athletes with Highest Endorsement Income June 1, 2018 - 2019

(10) Map: The Countries with the Most Oil Reserves
           By Jeff Desjardins,



NewLane Finance Takes a New Lane

By Christopher Menkin, Editor

Ex-Marlin Exec’s Dan Dyer and George Pelose declare
Business Lending Done Right
NewLane Finance will leverage the technology platform and industry expertise of Neumann Finance with the maturity and heritage of Beneficial Equipment Finance, a division of WSFS Bank. (1)

It was very interesting to learn the leasing business philosophy of George D. Pelose, President, NewLane Finance, Pennsylvania, in Equipment Finance Advisor.

Mr. Pelose retired after 14 years in November, 2013 from Marlin Business Services now known as Marlin Capital Solutions. (2)NewLane Finance has merged with Beneficial Equipment Finance in April of this year. (3)

His co-founder Dan Dyer became Chief Executive Officer. Coincidently, Dyer resigned October, 2015, from Marlin Business Services now known as Marlin Capital Solutions. (4)

What is interesting is George Pelose’s comments in a May 14, 2019 “Equipment Finance Advisor” online media titled
"NewLane Finance: Carving a Niche in the Marketplace." (5) A very appropriate title due to his answer.

Asked how NewLane Finance, with the merger of Beneficial Equipment Finance, would do things differently and perhaps the reason for the name of the company, Mr. Pelose ended his explanation:

"The other aspect of the 'new lane' is our product offering. Many players in our field “hide the ball” when it comes to certain deal terms, specifically in the area of fees. Pressure to grow profits results in the burdening of the lessee with additional fees and charges. That includes delayed invoicing to incur more late fees, delaying the first invoice date to generate more interim rent, and using evergreen clauses with narrow notice windows to lock in lessees to unexpected long-term renewal periods.

"So, when we formed NewLane, part of it was to build something that addresses these issues and differentiates ourselves with our product offering. It was key that we started with a value-based organization built on integrity, passion, teamwork and commitment to excellence.

"Our tagline is ‘Business Lending Done Right.' It is our commitment to the market and NewLane’s way of doing business."

Leasing News certainly hopes the company travels in this new direction rather than the old lane.

(1) Neumann Finance and Beneficial Equipment Finance
           combine forces to create NewLane Finance

(2) Marlin Leasing Web Site Information
           George Pelose

Marlin Business Services Corp. Announces
   Retirement of George D. Pelose

Insiders on Why Pelose is Leaving Marlin Leasing
   By Christopher Menkin

(3) Neumann Finance and Beneficial Equipment Finance
        combine forces to create NewLane Finance

(4) In a Surprise Move, Marlin Business Co-Founder/CEO
          Daniel P. Dyer Resigns

(5) NewLane Finance: Carving a Niche in the Marketplace




Leasing Industry Help Wanted


References—Who Should I Give?

Career Crossroads --- By Emily Fitzpatrick

Reference checks are often part of a comprehensive employment screening program, which can also include verification of employment eligibility, e.g., immigration status, credit checks, and background checks. References add to the information that a hiring manager has gathered thus far, e.g. resume on a potential candidate. What the prospective employer finds out from your references should confirm their interest in extending an offer!

The definition of “reference” includes two functions in a job search. According to the Merriam-Webster Dictionary, a reference is “a person to whom inquiries as to character or ability can be made” and is also defined as “a statement of the qualifications of a person seeking employment or appointment, given by someone familiar with the person.

According to the Society for Human-Resource Management (SHRM) survey, 76 percent of organizations conduct reference checks for job candidates. The survey defined “reference background checks” as verification of information provided by a job applicant or communication with people regarding the job applicant.

The first step is identifying who you should consider to be your references.

Selecting Your References
Generally, a potential employer will want at least two of your references to be former employers. The advantage of preparing your references is that you can provide the “best” references and you can present them in the order you would like to have them contacted. That does not guarantee that the prospective employer will not contact people who aren’t on your reference list.

You will want to select 3-7 individuals to be your “preferred” references. These individuals may be current/former managers or supervisors, co-workers, peers, or team members, current/former customers of the company, vendors or suppliers, and people you have supervised. If you do not have current work experience, it can be fellow members of volunteer committees you volunteer, or pro bono clients. If you have recent educational experience, you can also ask professors, faculty members, and advisors.

Select references that know your work well. You want someone who has seen you in action and can speak to your abilities. It is better to have someone who can speak to your skills and accomplishments than a “big name” on your list of professional references. If someone seems hesitant to serve as your reference, ask someone else

There are a couple of reasons to consider including “personal” references. These individuals meet the criteria of providing “character” references. A personal reference should know you well, and have known you for at least five years; they can include business acquaintances, coaches, and community leaders. 

Start Contacting Your References Early 
The best time to start thinking about your references is when you are putting your resume together. You should not wait until you’re called in for interviews to contact people you want to use as references.

It can take some time to track down and reach references, and obtain their contact information. You do not want to try to do that while you are researching and preparing for a job interview. Additionally, having your references ready when requested shows professionalism. If your goal is to get a job, you should be prepared to provide references when asked. 

IF employed, be careful of letting too many people know of your new career search (contact us for advice on handling this scenario).

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
RII Career Services
Phone: (954) 885-9241 | (888) 855-9231
Fax: (888) 855-9244
Email: |  

Career Crossroads Previous Columns


NEFA Crab Feast Captain James Crabhouse
By Allan Levine, Madi$on Capital

On June 13, 2019, the National Equipment Finance Association (NEFA) held its’ Baltimore Annual Crab Feast networking event at Captain James Crabhouse. This gathering tends to get mostly the same people with always some “new-bees” looking for industry insight and wisdom. It is a low key social event where about 75-80 peeps show up to say hello to old friends, learn the industry skinny from old vets of the biz, or search out targeted attendees one wants to meet. Also, rekindling a stalling biz relationship could be a thought. That was on my list.

Many are looking for that new potential broker with a different niche that one’s company can fund. In short, some brokers there are looking a new funding source; and, some funding sources are looking for a new client or two. There are no booths or displays. There is just good old fashioned one on one potential new business networking.

The consensus was “business is strong”. There were few complaints, real concerns, or a strong consensus in any negative direction.  With potential rising interest rates, tariff issues, and an unsettling political environment, no one appeared overly concerned. Most agreed that finding good sales originators was a constant and difficult mission.

With a drink in one and a crab in the other, the show went on. Years ago, one needed a paper and pencil. Now, the good old cellphone is one’s note pad. The bad news is your phone smells like crabs, beer, and corn for a day or two.

The big events have a mission and so do smaller ones.

 Happy Financing.




Cruise ships are becoming increasingly controversial in Europe and residents of the Italian city of Venice have become especially enraged by the visiting behemoths. Last weekend, 5,000 of the city's residents protested against the presence of cruise ships in the busy Giudecca Canal following an accident between the 65,500 ton MSC Opera and a nearby ferry. There is a long list of reasons for the backlash against cruise ships including serious overcrowding and pollution. It's well known that the giant ships cause enormous levels of environmental damage but a new report has now shown just how dirty they really are.

The shocking data was published in a report from last week and it found that 203 cruise ships docking in ports such as Dubrovnik, Marseille and Hamburg emitted substantially more SOx during their stay than all passenger cars in those cities for the whole year. SOx is sulphur oxide and it is one of the main pollutants from ships, along with nitrogen oxide (NOx). The following infographic provides an overview of the European cities suffering the worst environmental impact from the cruise industry in 2017.

That year, Barcelona experienced 32,838 kg of SOx emissions from cruise ships while the total amount from all cars in the city only added up to 6,812 kg by comparison. The story is similar nearly all of cruise passengers' favorite haunts with SOx from cruise ships totalling 28,000 kg in Palma in 2017 compared to 2,986 kg for the city's cars. In Venice, where outrage is reaching fever-pitch, SOx emissions totalled 27,520 kg from the ships while cars only totalled 1,362 kg.

By Niall McCarthy  Statista


German Shepherd
   Melbourne, Florida  Adopt a Dog

2 Years Old
House Trained
Vaccinations up to date

Meet Wolf
You can fill out an adoption application online on our official website.

Contact: Michele

Wolf is a 2 year old Shepherd mix. Due to schedule changes his owner can no longer give him the time and attention he needs. He is a very friendly and social dog who loves loyally and only asks for the same in return.

Please email or call the specific foster listed with the description of the animal you are inquiring about for any questions. You may fill out an application online using the Forms tab. Most of our fosters work in addition to volunteering with the shelter, so they will try to respond as quickly as they are able.

Dogs are $150-$250 to adopt depending on age and breed. All dogs/puppies available for adoption through SVPR have been vet checked, vaccinated appropriately for their age, spayed/neutered, treated for internal and external parasites, and microchipped with Home Again. Dogs over 8 months are tested for heartworm disease.

Suntree-Viera Pet Rescue
Melbourne, FL 43940

Adopt a Pet


Schedule of Events—Preliminary

Full Brochure (13 pages)


News Briefs----

Whataburger Sells Majority Interest
    to BDT Capital Partners

Boeing CEO Admits Mistake In 737 MAX Communication
engineers learned in 2017 that the alert light did not work as intended



You May Have Missed---

‘Catastrophic,’ ‘Cataclysmic’: Trump’s Tariff Threat
     Has Retailers Sounding Alarm


Baseball Poems
#  1

 By  Brendan Awerbach

Baseball is a game, It has a Hall of Fame.

In Cooperstown, it's there, Getting in is so rare.

Baseball! Doubleday is the father of the game we know,
Or is it really so.
Playing in the late 1800's, 
In front of crowds that were smaller then a hundred.
Baseball started in a very small way,
People needed to know how to play.

By the 1920's after the Black Sox scandal,
Baseball was changing and people started to get the handle.

The Yankees of the 30's and 40's started to create quite a sensation,
as baseball fever gripped the eastern part of the nation.

 Ruth, Gehrig, Cobb, Johnson and Young all became the names of the day,
They would be the first to be in the Hall of Fame in a great way.

 Baseball from the late 30's to the mid 40's took a back seat to the war,
but in the late 40's and 50's came back with roar.

A new generation of players were around,
Led by Feller, DiMaggio, Williams and Snyder, the stars seemed to abound.

The 60's and 70's gave us more greats,
Koufax, Yastremski, Mays, Aaron, Mantle and Maris,
Baseball was known and played from the US to Paris.

As we entered the 80' and 90's, more stars came around,
Griffey, Ripken, McGuire, Jackson, Ryan and Smoltz , all are the players that will astound.

The Hall of Fame is where all the greats are enshrined,
To hear their stories and tales can take a lotta time.
To understand baseball is not very tough,
And if you love the game, you can never get enough.



Sports Briefs---

Woodland holds off Koepka to win US Open

US quietly beats Chile at Women's World Cup

37 Most Successful Athletes of the 21st Century

What is a torn ACL? Former Warriors surgeon
   demonstrates what happened to Klay Thompson's knee


California Nuts Briefs---

7 million square feet of office space coming
    to downtown San Jose: mayor

Tech employment in SF Bay Area reaches record highs
    SF Bay Area tech job market tops dot-com peak

A silver wave? California braces for elderly boom 
     that could overburden state



“Gimme that Wine”

The Wine Country Tasting Room Is Dead.
   But Long Live Wine Country

Oregon: An Embarrassment of Riches and Richness

America's 100 Best Wine Restaurants of 2019

Napa breaks heat record that had lasted 115 years

Free Wine App

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

     1579 - The expedition of Sir Francis Drake anchored in a harbor just north of present-day San Francisco Bay in California, during drake's celebrated circumnavigation of the globe. Drake named the land Nova Albion and claimed it for England. The members of the expedition spent a month repairing their ship. Then, on July 26, Drake sailed from California, continuing north and then west across the Pacific Ocean. The precise spot that Drake and his men landed and stayed for a month is a controversy between historians and the actual spot bay is not known. All Drake's records were destroyed for political reasons and this event is also part of the controversy. (Encyclopedia of American Facts, Gordon Carruth). 
    1742 - Birthday of William Hooper (d. 1790), signer of the Declaration of Independence, born at Boston, MA. The British in retribution burned his house and farm during the war. 
    1775 - Suffolk County, MA, celebrates a county holiday to commemorate the Battle of Bunker Hill. According to the same source quoted above, the Battle of Bunker Hill was actually fought on Breed's Hill. British forces under General Howe assaulted the Continental position three times before the Americans, under Col. William Prescott, ran out of gunpowder and were forced to retreat. The British then occupied Bunker Hill after another skirmish. For this reason, it is referred to as the Battle of Bunker Hill in history books. Today, when you visit Boston and the guide takes you to Bunker Hill, it is really Breed's Hill as historians decided to change the name rather than explain the story. 
    1837 - Strong Vincent (d. 1863) is born in Waterford, Pennsylvania. After working as a lawyer, he went on to become a hero at the Battle of Gettysburg, where he was mortally wounded defending Little Round Top. When hostilities erupted in April 1861, Vincent left the law to become an officer in the Erie Regiment, Pennsylvania Volunteers. By early 1862, he rose to commander of the 83rd Pennsylvania. Vincent served in several campaigns with the Army of the Potomac, fighting at Yorktown, Fredericksburg, and Chancellorsville. He was promoted to colonel after Yorktown and, prior to Gettysburg, Vincent was given command of the Third Brigade, First Division, of the Fifth Corps. On the night of July 1, 1863, Vincent and his men were hurrying toward the battlefield under a bright moon. When the soldiers passed through a small town near Gettysburg, the regiment bands began to play and residents came to their doors to cheer the Yankee troops. Vincent remarked to an aide that there could be a worse fate than to die fighting in his home state with the flag overhead. The next day, as Vincent and his brigade were arriving behind the Union lines, General Governor K. Warren frantically summoned Vincent's force to the top of Little Round Top, a rocky hill at the end of the Federal line. Warren observed that the Confederates could turn the Union left flank by taking the summit, which was occupied by only a Yankee signal corps at the time. Vincent and his men hurried up the hill, arriving just ahead of the Rebels. The brigade held the top, but just barely. Vincent was mortally wounded in the engagement and died on July 7. He was promoted posthumously to brigadier general. 
    1849 - Birthday of African-American Congressman Thomas Ezekiel Miller (d. 1938), Ferrebeeville, SC.  After being elected as a state legislator in South Carolina, he was one of only five African Americans elected to Congress from the South in the Jim Crow era of the last decade of the nineteenth century, as disfranchisement reduced black voting. After that, no African Americans were elected from the South until 1972.  Miller was a prominent civil rights leader in the South during and after Reconstruction. He was a school commissioner, state legislator, US Representative, and first president of South Carolina State University, an historically black college established as a land-grant school. 
    1852 - The New York State Temperance Society met in Syracuse for its annual convention. Susan B. Anthony, Gerrit Smith, and Amelia Bloomer were delegates appointed to the convention by the Woman's State Temperance Society, which Anthony had founded the previous April. Because the convention refused to accept the credentials of the women delegates or allow them to speak, the women and their supporters adjourned to the Wesleyan Chapel where they held their own meeting. Anthony delivered a speech, which was published in the July, 1852 issue of Stone's magazine “The Lily.” The address is one of the earliest given by Anthony who would become the most articulate spokesperson of the movement
    1859 - Hot Santa Ana winds in southern California roasted fruit on one side at Santa Barbara.
    1863 - Battle of Aldie, VA.  Confederates fail to drive back the Union Army in Virginia. 
    1865 - Dr. Susan LaFlesche Picotte birthday (d. 1915), Omaha Reservation, Nebraska.  Native American and U.S. physician. Under the sponsorship of the Women's National Indian Association that was founded in 1880 by Mary L. Bonney and Amelia S. Quinton, Dr. Picotte graduated a 3-year medical course in 2 years. She finished at the head of her class not yet 24 years of age. She returned to practice medicine primarily with the Omaha tribe although her practice at times included almost as many whites as Indians. It has been estimated that this remarkable woman who braved blizzards and dust storms treated every member of the Omaha tribe in the 25 years of her practice. 
    1871 - Birthday of James Weldon Johnson (d. 1938), Jacksonville , FL. African American poet, diplomat, songwriter and culturist of black history. 
    1882 - A tornado traveled more than 200 miles across the state of Iowa killing 130 persons. The tornado touched down about ninety miles west of Grinnell, and struck the town and college around sunset, killing sixty persons, and causing more than half a million dollars damage. Traveling at nearly 60 mph, the tornado hit Mount Pleasant about 11 PM causing another half million dollars damage.
    1894 - A poliomyelitis epidemic occurred in Vermont between June 17 and September 1.  123 cases appeared in Rutland and Wallingford. The first major urban polio epidemic took place in the summer of 1916 in New York City where 9,000 children were stricken and 2,400 died. 
    1907 - Jazz reedman Gene Sedric (d. 1963) was born St. Louis, MO. 
    1910 - Country music star Clyde Julian “Red” Foley (d. 1968) was born in Blue Lick, Kentucky. Foley, elected to the Country Music Hall of Fame in 1967, was the first country star to have a network radio show, "Avalon Time," in which he co-starred with Red Skelton, beginning in 1939. Foley's recordings for the Decca label were extremely popular and, in 1950, he had no less than three million-sellers: "Chattanoogie Shoe Shine Boy," "Steal Away" and "Just a Closer Walk With Thee." He continued his success with religious material in 1951, scoring another million-seller with "Peace in the Valley." Foley was a star on the Grand Ole Opry in the 1940's. In 1954, he moved to Springfield, Missouri, where he became the host of "Ozark Jubilee," one of the first successful country TV series. During the early '60s, he starred with Fess Parker in the TV series "Mr. Smith Goes to Washington."  Daughter Shirley Lee married actor-singer Pat Boone in 1953. 
    1914 - Birthday of John Hersey (d. 1993)  American novelist, born at Tientsin, China.  He who wrote “A Bell for Adano,” which won the Pulitzer Prize in 1945. “The Wall” and “Hiroshima” are both based on fact and set in Poland and Japan, respectively, in World War II.  
    1921 - Clarinetist Tony Scott born Anthony Joseph Sciacca (d. 2007), Morristown, NJ. 
    1933 - Birthday of Maurice “Mo” Stokes (d. 1970), basketball player, born at Pittsburgh, PA. Stokes played at St. Francis College (PA) and was drafted by the Rochester Royals of the NBA in 1955. He quickly became a top performer, winning the Rookie of the Year award in 1955-56 and making the All-Star team three years in a row. Following the 1957-58 season, Stokes collapsed and went into a coma. Encephalitis made him an invalid, but teammate Jack Twyman cared for him the rest of his life. 
    1938 - The first ski lift to operate in the United States was the Cannon Mountain Tramway at Franconia, NH, a 5,400-foot suspension ride. It was suspended by giant cables 40 feet above the trees and ran from the base of Cannon Mountain to one of its peaks. It had two cars, each accommodating 27 persons, making the trip up or down in eight minutes at the speed of a thousand feet a minute. 
    1940 - Birthday of Alton Kelley (d. 2008), Houlton, ME.  Artist of San Francisco rock posters. 
    1943 - After planning to return to his hometown and resume his career as a barber, Perry Como is signed to RCA Records. He will not only become a hit singer, but host of one the early television one-hour shows for many years
    1944 - Top Hits 
“Long Ago and Far Away” - Helen Forrest & Dick Haymes 
“I'll Be Seeing You” - The Tommy Dorsey Orchestra (vocal: Frank Sinatra) 
“I'll Get By” - The Harry James Orchestra (vocal: Dick Haymes) 
“Straighten Up and Fly Right” - King Cole Trio 
    1943-Singer-Songwriter-Musician-Arranger-conductor Barry Manilow (born Barry Alan Pincus) June 17, 1943 Brooklyn, New York (his parents died when he was 2 and he was raised by his maternal grandparents Joseph and Esther Manilow); best known for such recordings as "I Write the Songs", "Mandy", "This Ones for You", "Copacabana". "Can't Walk without You," performing regularly in Las Vegas. You love him or you hate him. We have all his albums, also in the car, and we have another set we take on vacations, and have seen many of his shows throughout the year. One of my very good high school and college friends plays first trumpet on his albums and says he is first rate in knowing music, also extends the red carpet to musicians who attend his shows; a pleasure to work with, a real nice guy.
    1947 - The radio show, “The Adventures of Philip Marlowe,” debuts. Based on Raymond Chandler's groundbreaking series of hard-boiled detective novels, the producers hoped to reproduce the success of the hit radio drama “The Adventures of Sam Spade,” which ran from 1956 to 1941. Chandler's character Marlowe had already appeared on the silver screen four times, notably in “The Big Sleep” (1946), starring Humphrey Bogart. The character failed to translate well to the radio, though, and the series lasted only a few months. 
    1950 - In a 45-minute operation witnessed by 40 visiting surgeons and doctors at Mary Hospital, Chicago, Il, Dr. James Ward West removed a healthy kidney from the body of a woman who had died. Dr. Richard Harold Lawler transplanted the kidney into the renal pedicle of a patient from who a polycystic left kidney had been removed, and the first kidney transplant was complete. 
    1952 - Top Hits 
“Kiss of Fire” - Georgia Gibbs 
“Be Anything” - Eddy Howard 
“I'm Yours” - Eddie Fisher 
“The Wild Side of Life” - Hank Thompson 
    1954 - The US organized the government of the US Virgin Islands.  Columbus named the islands after St. Ursula and the 11,000 Virgins.  The official name of the British territory is the Virgin Islands and the official name of the U.S. territory is the Virgin Islands of the United States. In practice, the two island groups are almost universally referred to as the British Virgin Islands and the U.S. Virgin Islands.  The Virgin Islands were originally inhabited by the Arawak, Carib, and Cermic, almost all of whom are thought to have perished during the colonial period due to enslavement, foreign disease, and mass extermination brought about by European colonists, as is the case in the rest of the Caribbean.  European colonists later settled here and established sugar plantations, at least one tobacco plantation, and purchased slaves acquired from Africa. The plantations are gone, but the descendants of the slaves remain the bulk of the population, sharing a common African-Caribbean heritage with the rest of the English-speaking Caribbean.  In 1916 and 1917, Denmark and the United States, respectively, ratified a treaty in which Denmark sold the Danish Virgin Islands to the United States for $25 million in gold.
    1954 - Televised Senate Army McCarthy hearings end. Perhaps 
television’s finest hours exposed Wisconsin Republican Sen. Joseph McCarthy as a charlatan who many were afraid to oppose because they do not want to be labeled a communist.  Ironically, McCarthy never exposed one unknown communist.
    1955 - After a month of booking gigs in larger venues in Dallas and Houston, Colonel Tom Parker arranges a meeting with Elvis Presley's manager, Bob Neal, which results in an agreement that will see the Colonel handle Presley's show dates and career strategy from now on. 
    1955 - Eddie Fisher marries Debbie Reynolds in Hollywood. The couple would divorce in 1959 after Fisher was discovered to be carrying on an affair with Liz Taylor. One of the most popular singers of the day, he will lose his audience over the affair.
    1960 - Top Hits 
“Cathy's Clown” - The Everly Brothers 
“Everybody's Somebody's Fool” - Connie Francis 
“Burning Bridges” - Jack Scott 
“Please Help Me, I'm Falling} - Hank Locklin    
    1961 - Ben E. King enjoys his biggest hit as "Stand By Me" reaches #4 on the Billboard singles chart. The same song would re-appear on the Hot 100 in 1986, reaching #9 after it was featured in the River Phoenix film of the same name. 
    1966 - Paul McCartney buys the farm in Kintyre, Scotland, that would later inspire his 1977 megahit ballad "Mull of Kintyre."
    1967 - Barbra Streisand sings for 135,000 fans at her concert in New York's Central Park, later released as the CBS-TV special and soundtrack album ”A Happening in Central Park.” 
    1967 - The Hollies' "Carrie Ann" is released in the US, where it will reach #9. 

    1968 - The Ohio Express are awarded a Gold record for their Bubble Gum hit, "Yummy, Yummy, Yummy." 
    1968 - Top Hits 
“Mrs. Robinson” - Simon & Garfunkel 
“This Guy's in Love with You” - Herb Alpert 
“Mony Mony” - Tommy James & The Shondells 
“Honey” - Bobby Goldsboro 
    1971 - Carole King saw her "Tapestry" album hit number 1 in the US for the first of 15 consecutive weeks. The LP contained such classic tracks as "It's Too Late," "I Feel the Earth Move," "So Far Away," "Will You Love Me Tomorrow?" and "You've Got a Friend." The Grammy Award winning disc is one of the best-selling albums of all time, with over 25 million copies sold worldwide. 
    1972 - Five are arrested for the break-in at Democratic Party Headquarters at the Watergate complex, Washington, DC. They had previously placed wire taps and searched the headquarters on a regular basis, but leaving a rear-door unlocked made a building security guard suspicious. The arrests led to revelations of political espionage, threats of imminent impeachment of the president, and, on August 9, 1974, the resignation of President Richard M. Nixon. It is doubly ironic that Nixon was way ahead in the poll primarily because his opponent Senator George McGovern of South Dakota was not strongly supported by the Democratic Party, although he had sworn he would end the Viet Nam War 90 days after he was elected. 
    1976 - Top Hits 
“Silly Love Songs” - Wings 
“Get Up and Boogie” (“That's Right”) - Silver Convention 
“Misty Blue” - Dorthy Moore 
“I'll Get Over You” - Crystal Gayle 
    1976 - Four teams from the American Basketball Association joined the National Basketball association as the ABA went out of business after nine years. The four teams, the Denver Nuggets, Indiana Pacers, New York Nets and San Antonio Spurs brought the total number of teams in the NBA to 22. 
    1978 - Andy Gibb became the first solo artist in the history of Billboard's Hot 100 to have his first three releases reach number one, when "Shadow Dancing" hit the top of the chart. Since then, Michael Jackson had four number ones in a row and Mariah Carey had five. "Shadow Dancing" would be the best-selling single in the US in 1978
    1978 - "Shadow Dancing," by Andy Gibb, reached the number one spot on the pop music charts for the first of seven weeks. Gibb had two other number one hits: "I Just Want to Be Your Everything" and "(Love is) Thicker than Water." Gibb, the youngest of the Gibb brothers who made up the Bee Gees, hosted TV's "Solid Gold" in 1981-82. Andy scored nine hits on the pop music charts in the 1970s and 1980s. He died of an inflammatory heart virus in Oxford, England in 1988. 
    1978 - Grace Slick is deemed too drunk to go onstage with Jefferson Starship tonight at their concert in St. Goarhausen in West Germany, but does so anyway, singing horribly and verbally abusing the audience with Nazi taunts. The crowd riots, causing over a million dollars in damage and leading Slick to quit the band, not returning until 1983.
    1984 - Top Hits 
“Time After Time” - Cyndi Lauper 
“The Reflex” - Duran Duran 
“Self Control” - Laura Branigan 
“I Got Mexico” - Eddy Raven
    1988 - Microsoft releases MS DOS 4.0 
    1988 - Thunderstorms produced large hail and damaging winds in Georgia and the Carolinas. Thunderstorm winds gusted to 75 mph at Eden, NC.
    1988 - Bruce Springsteen separates from Juliette Phillips 
    1988 - The Givens' Family reports heavyweight Mike Tyson beats his wife actress wife Robin Givens. They later divorce on the grounds of “extreme cruelty.” 
    1988 - Top Hits 
“Foolish Beat” - Debbie Gibson 
“Dirty Diana” - Michael Jackson 
“Together Forever” - Rick Astley 
“Make It Real” - The Jets 
    1991 - The body of Zachary Taylor, the 12th US President, was exhumed from a cemetery in Louisville , KY. Taylor died suddenly of acute gastrointestinal illness on July 9, 1850. Some historians suggested that he might have been poisoned. To test this theory, his remains were exhumed (the first presidential body to be exhumed). A coroner's report dated June 26 found no evidence of foul play. 
    1993 - Top Hits 
“That’s The Way Love Goes” - Janet Jackson 
“Weak” - SWV 
“Knockin Da Boots” - H-Town 
“Freak Me – Silk” 
    1994 - Former football player, NFL and College Football Hall of Famer, and announcer, O.J. Simpson, was arrested in connection with the murder of his wife, Nicole Brown Simpson, and Ronald Goldman. Simpson had fled his home in the morning rather than be arrested. In the evening, he and his friend, Al Cowlings, were in Simpson's white Ford Bronco. They led a horde of police cars on a long but slow car chase on Los Angeles freeways and eventually wound up back at Simpson's home where he was apprehended. Television stations around the country followed these vents live and an estimated 90 million people watched. Simpson was later acquitted. The killer(s) have allegedly never been caught.
    1994 – Through July 17, The World Cup of Soccer was played in the US for the first time. The international championship is held every four years. The 1994 games began in Chicago with a match between Germany and Bolivia and ended in Los Angeles with a final between Brazil and Italy with Brazil taking the Cup. Soccer, generally known as football outside the US, is the most popular spectator sport in the world, though it has never achieved great status in the US above the amateur level. The games were watched on television by billions of fans around the world. John Madden has suggested there is not room for television commercials and thus the networks do not broadcast these games.
    2008 - Boston Celtics rout LA Lakers, 131-92, to win the NBA Championship. This was Boston's first title since 1986, during the Larry Bird era and their 17th overall.
    2009 - 60-year-old Billy Joel and his third wife, 27-year-old Katie Lee Joel announced that were splitting up after nearly five years of marriage. Joel's nine-year union with model Christie Brinkley ended in 1994. His nine-year marriage to Elizabeth Weber, for whom he wrote "Just the Way You Are," ended in 1982. It's believed that Billy had a prenuptial agreement to protect the millions his many hits have earned.
    2010 – BP CEO, Tony Hayward, testified before the US about the Gulf of Mexico oil disaster at BP’s Deepwater Horizon rig that caused the worst oil spill in US history.  In September 2009, the rig drilled the deepest oil well in history at a vertical depth of 35,050 ft.  On 20 April 2010, an uncontrollable blowout caused an explosion on the rig that killed 11 crewmen and ignited a fireball visible from 40 miles. The fire was inextinguishable and, two days later, on 22 April, the Horizon sank, leaving the well gushing at the seabed and causing an ecological catastrophe.  In January 2013, Transocean agreed to pay US$1.4 billion for violations of the US Clean Water Act. BP had earlier agreed to pay $2.4 billion but faced additional penalties that could range from $5 billion to $20 billion.[63] In September 2014, Halliburton agreed to settle a large percentage of legal claims against them by paying $1.1 billion into a trust by way of three installments over two years.  On 4 September 2014, U.S. District Judge Carl Barbier ruled BP was guilty of gross negligence and willful misconduct under the Clean Water Act (CWA). He described BP's actions as "reckless," while he said Transocean's and Halliburton's actions were "negligent." He apportioned 67% of the blame for the spill to BP, 30% to Transocean, and 3% to Halliburton. BP issued a statement strongly disagreeing with the finding, and saying the court's decision would be appealed.  On 8 December 2014, The US Supreme Court rejected BP's legal challenge to a compensation deal over the 2010 Gulf of Mexico oil spill. The settlement agreement had no cap, but BP initially estimated that it would pay roughly $7.8bn to compensate victims.    
    2011 – The first condemnation of discrimination against gays, lesbians and transgender people was issued by the UN Human Rights Council.



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Top Stories

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- CLFP Foundation Grows to 754 Active Members
    Adds 69 Individuals through April/May Exams
- Letters! We Get Email
   Parrotto/North Mill/Calif. New Law/How Many Brokers?
- "We’re still getting residuals from a company 14 years later.”
     Phil Dushey, President, Global Financial Services
- 2018 Leasing News Person of the Year Award
   Presentation to Jerry Parrotto
- Mystery Solved on NACLB Named “Association”
   By Monitor Magazine
- Bulletin Board Complaint
   Anuva Capital, Buena Park, California
- AACFB 2019 Annual Conference Report
- deBanked New York City Broker Fair 2019
- Women's Lunch at AACFB Conference
- Rumor Floating Around the AACLB Conference re: Date
   of Implementation of California New Interest Disclosure Law
- Vermont Added to States Require Residual Notification
- What Makes the Perfect Credit Manager?
- ELFA Legal Forum San Diego, California Report
- More on Merger Neuman Fin./Beneficial Equipment Fin
Letters! We Get Email
- Appears Stagnant/Last Post April 10th
- CLFP Foundation Releases Seventh Edition Handbook
- Map: The Salary Needed to Buy a Home in 50 U.S. Metro Areas
- Report Misleads More Businesses Applied for MCA
  than Leasing: 2018 Federal Reserve Survey Report
- Small Business Credit Survey 2019
   Use of Financing and Credit -Federal Reserve
- Semi-Confirmed: Amur Equipment Finance
   Acquired by PIMCO’s Private Equity Group
- BAMFi Processes $1 Billion in Transactions
- ELFA Opens Forum for Members
- Women at NEFA Lunch
- Company Allegedly Not Paying Broker
   for Two Companies Who Renewed
- Highlights Marlin Business Services Corp. 10K
- Merchant Cash Advance APR Calculator
- Terry Jennings, CLFP, Promoted to President
- SpamArrest Recommended by Kit Menkin
- Not Many Franchise Funders Work with Brokers
- Top Four Leasing Company Websites in North America
- Marlin Business Services Changes Name and Logo
  Now "Rebranding" as Marlin Capital Solutions
- Reactions: Gerald "Jerry" Parrotto
- Gerald "Jerry" Parrotto
   2018 Leasing News Person of the Year
- Secured Lending Confidence Index: Strong Optimism
- OnDeck To Enter Equipment Financing Market
- Ten Ways to Reduce Attorney Fees for Outside Counsel
- Fred Van Etten, President, Midland Equipment Finance
   Plays Golf with former President George H.W. Bush
- Marshall Goldberg Reports California Senate Bill 1235
   Will Not Become Effective Before Year End 2019
- Mazuma Up to Old Tricks, Been Following for Years
- Day in the Life" from Chris Enbom, CLFP
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- Balboa Capital Gets Slammed for Lessee’s Attorney Fees
   for $429,000 as a Result of Lying to Lessee
- Top Six Leasing Company Websites
- 63 Banks, Finance, and Leasing Companies Hit
   With Losses over $7 Million after Some Recoveries
- How Fraud Worked in 63 Banks, Finance, Leasing Companies
  Losses over $7 Million after Some Recoveries
He’s Back! Trebels Says He Has Completed More than $1 billion
    in Transactions Service More than 100 lenders and Investors
- Top Six Leasing Company Websites
- Merchant Advance, Factor, Leasing, Loans Merchant Database
- Changes at Amur Financial Group
- Sudhir P. Amembal 40th Anniversary
- Menzel on Bob Fisher July 18, 2000 Capital Stream
- The Inside on What is Going On at Amur Financial Group
- Don't Get Fooled by these Common UCC Filing Myths
- The 1 networking rule 99% of people are afraid to follow, but should!
- Takeaways from the 2018 Credit Manager Survey
- Equipment Finance Merger & Acquisition Interest Strong
- The Growth of Commercial Loan Brokers
   Goodbye “Lease Consultant” Title
- Leasing Broker in Massachusetts Sentenced
- Types of Fraud
-The Necessity of Landlord Waivers
- Vendors’ Number One Problem, Not the Applicant
- How to Get to "Groups" in LinkedIn
- Advanced Execution of Acceptance Certificates
- Are you an Equipment Leasing’s version of Blockbuster Video?
- Leasing News Complaints Bulletin Board BBB Ratings
- Tips for Obtaining Financing - Despite Challenged Credit
- Four Types of Interim Rent
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- Your Photograph on
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- "The real U.S. Bank Equipment Finance story"
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- California License Web Addresses
- Settlement Costs vs. Litigation Costs