Add me to mailing list    |           |      Search

Advertising | All Lists | Archives | Classified Ads | This Day In American History



Friday, June 8, 2007


Classified ads---Sales Manager
    Correction: FTC filing re: IFC Credit
        IFC Credit Acknowledges FTC Complaint
            Missouri AG joins the IFC action
        Parker's sons convicted
    Classified Ads—Help Wanted
UAEL Volunteer of the Month: Scott Woodring
    General Electric Gender Discrimination Lawsuit
        Letters—We get eMail!!!
    The Cool Factor-by Shawn Halladay
Alta Continues Expansion Eastwards in Europe
    Yield 10-year note tops 5%; up mortgage rates
        Amex to sell private bank
    BoA applies for approval of ABN LaSalle
Wal-Mart to offer prepaid payment cards
    News Briefs---
        You May have Missed---
California Nuts Brief---
    Sports Briefs---
        "Gimme that Wine"
Calendar Events
    Snapple Real Facts
        Today's Top Event in History
This Day in American History
    Baseball Poem
            Daily Puzzle

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


Classified ads---Sales Manager

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

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

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



Correction: FTC filing re: IFC Credit, Morton Grove, Illinois

Exhibits Supporting Plaintiffs Motion for Preliminary Injunction

In the “Flash” edition on Wednesday, June 6th, regarding the Federal Trade Commission filing against IFC Credit, Morton Grove, Illinois, the exhibit above supporting the plaintiff’s motion was inadvertently left out. It was added to the story on Thursday.

It is interested to note a Power Point Presentation from NorVergence to IFC Credit and others, where it is mentioned about the telephone service being part of the transaction (more on this Monday as we attempt to get a copy of the actual presentation from the attorney who was involved in the
specific case.)

The preliminary injunctions basically lists the various depositions utilized, many of them from John Estok, CLP, IFC Credit President, Small-Ticket Group. It was interesting to see the testimony of a Certified Lease Professional, supposedly the top leasing expert designation (Readers of the depositions will understand why the word “supposedly” was utilized, definitely finding the testimony very interesting, especially from a CLP, let alone president of a large leasing corporation and past president of a leasing association.

Randy Brook, FTC Senior Attorney

The question of ethics is not being addressed in the FTC filing.
FTC Senior Attorney Randy Brook said the law suit is about “violating the law, deception, committing unlawful acts, and harming many people and businesses.” Perhaps the question of ethics will be addressed should the Federal Trade Commission suit succeed. It will involve not only the ethics of being a CLP, but perhaps membership in a leasing association that has promoted a code that its members must follow.

"Mr. Estok comes to IFC with vast leasing experience, being involved in the industry since 1972. In 1996, he moved from his native Canada to join FIRSTCORP. Previously, John was the Executive Vice President and COO of Hitachi Credit Canada Inc., in Mississauga, Canada from 1995-96; President and CEO of Industrial Leasing Corporation of Portland, Oregon from 1991-1995; and Executive Vice President of Norex Leasing, Burlington, Canada from 1985-1991. He is the past President of the Equipment Lessors Association of Canada (1984- 1986)."

FTC filing story:

Short Excerpt from Transcript:

Here is a 21 page "excerpt" synopsis of the Esok deposition:

The full transcript includes information about the hearing in Texas versus Illinois, the judge stating that if fraud is involved, it would not be to IFC Credit favor in Texas. This is a hearing by a judge, not a trial by jury.

Here is the full 150 page court transcript (Exhibit’s were not available to us) It will take time to download, depending on your connection speed:

Leasing News has requested comments from Mr. Estok, CLP, Mr.
Trebles, CLP, and their public relations spokesman, Brian Cascarano.

It has been their past policy not to comment on matters in litigation. They did release a press statement late Thursday, June 07, 2006, which becomes Leasing News’ top story.


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

IFC Credit Corporation Acknowledges FTC Complaint

MORTON GROVE, Illinois, June 7, 2007 - IFC Credit Corporation (“IFC”) acknowledges the filing of a Complaint against it by the Federal Trade Commission (“FTC”) in Federal Court in Chicago with respect to the failed telecommunications company, NorVergence. The failure of NorVergence and the financial repercussions for all who did business with NorVergence, including IFC, was a most unfortunate event. While IFC cannot comment on the alleged business practices of NorVergence, IFC remains adamant that its conduct in dealing with NorVergence and the businesses that leased NorVergence equipment was at all times appropriate and lawful. IFC intends to vigorously defend itself against the Complaint filed by the FTC and is confident that it will prevail on the merits.

About IFC Credit Corporation

IFC Credit Corporation is a national equipment leasing and finance company providing innovative services to manufacturing, wholesale, and professional service industries. Headquartered in Morton Grove, Illinois, the company was founded in 1988 and serves a broad market from small businesses to Fortune 500 companies. The company is a leading independent lessor that is included in the Monitor 100 list of top equipment leasing companies nationwide.


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

(Missouri AG joins the IFC action)

Illinois finance company pressuring Missouri businesses and non-profits to pay for fraudulent debt, Nixon says

Jefferson City, Mo. — An Illinois finance company is trying to collect more than $1 million in fraudulent debt from at least 40 Missouri small businesses and non-profits taken in by a telecommunications scam, Attorney General Jay Nixon says. Nixon is suing IFC Credit Corp., based in Morton Grove, to stop it from those collection efforts, to cancel any debt falsely claimed, and to require the company to pay back any Missourians defrauded by its actions. The lawsuit was filed Wednesday (June 6) in St. Louis County Circuit Court.

The businesses and non-profits had been customers of a now-defunct company called NorVergence, which was based in New Jersey. NorVergence rented “matrix” boxes that it claimed would integrate and provide telephone, wireless and Internet services while reducing telephone and Internet bills by
30 percent.

The boxes didn’t work as promised, and NorVergence was forced into bankruptcy. IFC and other finance companies had purchased the rental agreements from NorVergence and claimed that NorVergence customers were still responsible for the rental agreement payments, even though the equipment did not work. Nixon said IFC misrepresented consumers’ rights and obligations under the rental agreements and has made false claims in its collection letters to consumers.

“These customers were first sold a bill of goods by NorVergence for a product that was supposed to meet all their telecommunications needs,” Nixon said. “Now, even after NorVergence has collapsed, these finance companies are trying to make consumers pay for services they never received. We will protect Missouri small businesses and other consumers from those trying to collect fraudulent debts.”

Last August, Nixon obtained more than $461,000 in canceled debt for Missourians that another finance company, Popular Leasing USA, claimed was owed by former NorVergence customers. The company also paid $33,000 in refunds for debts already paid by the businesses. The 21-state settlement, which resulted in the cancellation of more than $15 million in NorVergence customer debt, was led by the Missouri Attorney General’s Office.

Inquiries from consumers should be directed to or 1-800-392-8222
(from within Missouri) or 573-751-3321 (outside Missouri).

(The Texas AG also filed on Wednesday against IFC: )



Parker's sons convicted

Leasing News had many "run ins" with the late founder of the company, Paul Parker. He started out advertising in USA Today perhaps since the paper started in 1982, offering to train those in his office for $5,000. Former students have said today it is a one person office with an answering service and the manual was a mimeograph. There were never any claims against his company in the Better Business Bureau. He had so many addresses, he avoided BBB reporting. He did lose a case against the late Bob Baker for slander.

After many run ins in the continental United States with Leasing News complaints, he evidently started an international thrust. There was a time we were on the telephone with him once a week. One of the most famous was the deposit from the Austrian Soccer Club FC Tirol in 2001, where had taken $650,000 advance on at $15 million lease that never happened:

"According to the Superseding Indictment, the defendants operated Parker Leasing and Finance Service in Broward County, Florida. According to the evidence presented at trial, Parker Leasing and Finance Service held itself out as a business engaged in the financing and leasing of commercial equipment, with millions of dollars available for loans. In fact, the defendants enriched themselves by making material misrepresentations to individuals to induce them to apply for commercial lease funding. Ultimately, the defendants failed to deliver on the promised funding and refused to return the victims’ advanced lease payments. The amounts received by the defendants and loss to all currently known victims is approximately $4,000,000.

“As part of the loan process, the defendants required loan applicants to send advanced lease payments. The defendants, however, failed to deliver the promised funding, and then refused to return the victims' advanced lease payments."

The Parkers were also convicted of conspiring to impede the lawful governmental functions of the Internal Revenue Service of the Treasury Department in the collection of federal income taxes. The evidence established that the defendants diverted the proceeds from the advanced fee scam to themselves using various bank accounts and then converted the proceeds to cash in order to conceal the amount of income they received. Defendant Bob Parker was also convicted of evading federal income tax due and owing by him for the years 2000, 2001, 2002, 2003, and 2004.

The defendants were convicted of all charges against them and face statutory maximum sentences of between five (5) to twenty (20) years in prison. After conviction, the defendants agreed to a four million dollar money judgment and to the forfeiture of four bank accounts that contained $206,976.20, and a residence in Greenville, Tennessee. Sentencing is set for July 19, 2007 before the Honorable Federico Moreno in Miami.

Mr. Acosta commended the investigative efforts of the Federal Bureau of Investigation, the Internal Revenue Service, and the Broward County Sheriff’s Office. The case was prosecuted by Assistant United States Attorney Thomas P. Lanigan and Department of Justice Tax Division Trial Attorney Mitchell Bober and William C. Healy of the Asset Forfeit Division of the United States Attorney’s Office.



Leasing Industry Help Wanted

Corporate and Commercial Leasing Specialist

Corporate and Commercial Leasing Specialist, Alabama

5 years experience sales and credit
Great opportunity.
Click here for more information.



UAEL Volunteer of the Month: Scott Woodring

Scott Woodring

The United Association of Equipment Leasing (UAEL) has named Scott Woodring of Dakota Financial as the Volunteer of the month

Scott Woodring has over 10 years of experience in the leasing industry. He has held various positions in his leasing career including: lease administration, vendor/lessee development, regional sales management and national sales management. He is currently the Vice President of Sales & Marketing for Dakota Financial, LLC. He works primarily out of the Colorado office, while the main office is located in Southern California.

He previously was vice president/sales & marketing for Pawnee Leasing, where he was located for three years. Prior he was the regional sales manager for Firerock Capital, Inc. and Fisher-Anderson, Western regional manager in Lincoln, Nebraska.

Scott has been involved with the UAEL for the last nine years. He has been actively involved regionally with UAEL in various parts of the country including Nebraska, Minnesota, and Iowa, and is currently Co-Regional Manager for the highly successful Colorado Region. He has also served on the UAEL Board of Directors Nominating Committee.

Dakota Financial is basically a "story credit" lease finance where they take additional collateral on all the transactions. A typical factor for a $20,000 transaction would be 0.0425 for 36 months. The 36 months would be set up as 32 lease payments and then a purchase option that would be equal to the sum of 4 payments. Dakota typically encourages their brokers to add up to 15 points commission when quoted a payment. Dakota notes they offer customers a no-penalty early payoff after making 12 timely payments. They structure all of transactions like this with only 1 payment plus a $450 documentation fee up front.

In addition, they have a few different classifications of assets; hard, soft, restricted, and real estate. Whenever they approve a transaction they need to secure twice as much "hard" collateral as what is to be funded; including the asset being purchased.



General Electric Slapped with Gender Discrimination Lawsuit by Female Staff Attorney,
Who Alleges Company Underpays, Under-Promotes Women

A female attorney at General Electric has sued the company, claiming that it underpays and under-promotes its women employees. In papers filed in U.S. District Court in Connecticut, Lorene Schaefer charged GE, the world's second-largest company by market capitalization, with gender discrimination, Reuters reports.

The suit also names 13 GE officers and directors, including chairman and chief executive Jeff Immelt. Schaefer's suit, which is seeking class-action status, seeks $500 million in damages for a class of about 1,500 to 1,700 GE women workers, according to her attorney, David Sanford of Sanford Wittels & Heisler LP.

"This lawsuit is designed to achieve systemic injunctive relief to change GE's discriminatory pay and promotions practices and policies," Schaefer charged in court papers. GE spokesman Gary Sheffer told Reuters, "We strongly deny the allegations made by Ms. Schaefer. We will defend against these claims in court."

Schaefer, a 13-year veteran of the company, has served as general counsel at GE's transportation unit, which makes railroad locomotives. GE's other businesses include commercial lending, aircraft engines, appliances and NBC media.

Schaefer told Reuters that after two years in her post, GE management in April told her that she was to be demoted and replaced as general counsel of the unit. She said GE officials told her they wanted to replace her with a "big time" general counsel, but did not provide specifics as to how that differed from her qualifications.

"I thought about it long and hard, I thought about what I had experienced at the General Electric Company and what women across the corporation had been talking to me and talking to each other about for my entire 13-year history at the company, and I decided to hire counsel," Schaefer said. "It's not unusual at all. There are many, many women who have had the same experience as mine."

After hiring an attorney, Schaefer was placed on paid administrative leave in May. "All decisions regarding Ms. Schaefer were based on the merits," GE's Sheffer said. He noted that women accounted for 27 of the company's top 186 employees, classed as "officers," up from 17 in 2001. He added that GE had 62 women in the next management rank down, the "senior executive band" out of about 400 in total and up from 42 in 2001.



Letters—We get eMail!!!

Christopher "Kit" Menkin, editor

Chronological order received:

Your statement that Sterling Financial is not a member of any leasing association is not technically correct. Sterling owns Town & Country Leasing ( which is a member of ELFA. In the Monitor 100 rankings, Town & Country, East Petersburg, PA was ranked #67 in lease originations for 2005 with $187.2 million. I doubt if there was much, if any, cooperation between Town & Country and the unit that had the fraudulent financial statements.

If you publish this, I would appreciate it if you would not mention my name.

(name with held)

(Town and Country Leasing has been a member of ELFA since March, 2004. Technically our story was correct. Leasing News stated that neither Sterling Financial nor Equipment Finance Incorporate were members of any leasing association. Leasing News not only checked on this direct from the web sites, but also communicated with the appropriate person in the association. Interesting that Town & Country belonged, but neither the parent nor their other subsidiary, EFI. Editor)


Leasing News was kind enough to run an announcement when Bob Heeney passed away in December 2005 to notify the leasing community; and your assistance in getting the news out about an up coming golf event in Bob’s honor would be greatly appreciated.

The leasing Community has not forgotten its commitment to raise money for Bob’s Memorial Fund.

I have attached a copy of the brochure and I would encourage any of your readers who are local to the Baltimore Washington Area to join us on June 25th

The Equipment Leasing Company
Scott A Wheeler
Vice President
Phone: 800 365 6566 ext 126
Fax: 410 472 2005

Address: 53 Loveton Circle, Suite 100
Sparks Maryland 21152

For more information on the tournament, please go here:

I would like to write to you and the readers of Leasing News to share some very exciting information. We have recently returned from our annual conference that was held in Nashville, TN. With some 575 people attending the conference, it was a record breaking event for the NAELB. We could discuss the networking that took place, the chance to meet potential business partners face to face; we could even discuss the standing room only class presentations that our members enjoyed. We could, but I want to concentrate on something even more exciting. I think it is imperative to highlight a few of the really important items that may go unreported. For the first time ever, because of record breaking attendance, we had an onsite vote to extend the bar service for an additional hour at the closing reception. With a room full of people networking and celebrating, it just seemed to be the right thing to do. I would also be remiss if I failed to report the availability of Dove ice cream bars during the breaks between educational sessions! Of course, the internet café sponsored by Enterprise Funding Group was a first for us and it soon became the hot spot for our members who were conducting business in between meeting with new funding sources.

Sometimes Kit, the difference between mediocrity and excellence is the attention to detail. I mean, who can argue with the sweet sensation and good feelings of a mid afternoon ice cream break? On a serious note and all kidding aside, the meeting was great and we are excited about the upcoming year in our industry as we continue to grow. The NAELB has recently signed an agreement with Lexis Nexis to bring our members discounted access to the LN products including a long list of public information searches. The LN representative, Joe Selma stated that he had received about 100 applications from his time at the benefits table during the conference. The cost savings from this benefit alone is enough to pay for your membership in the NAELB. I would encourage each member and prospective member to contact our corporate office for additional information.

Kit, on a personal note, I would like to thank you for your willingness to communicate information about our annual conference, regional meetings, and benefits such as distance learning to your readers. Your cooperation and assistance is appreciated, perhaps more than you know.


Brian Montgomery, NAELB President
Express Funding Solutions


Great pick up & reporting on the story on Missouri and merchant processing. There are firms in this industry that give "leasing" credibility problems. There are some ethically challenged firms that will charge say $50 month for 3 years for a $500 (retail price) credit card processor terminal.

If the merchant wants to opt out, the amortization usually shows a $1,200 balance. All the merchant thinks of is their "leasing" experience. It's not good for our industry for this deception.

Keith Drayer
Henry Schein Financial Services Director
Henry Schein, Inc.
135 Duryea Road
Melville, NY 11747
Tel: 631 843 5625
Fax:631 843 5620
Mobile: 516 770 4705

Helping Healthcare Practitioners Be Successful


Several months back you published a "tidbit" about how to stop a bunch of programs from running on your p.c. at start-up. It initially caught my because you said something to the effect that "any idiot" should be aware of this easy fix. This appealed to me. I went through your steps, eliminated a bunch of things, and my p.c. has been running much faster since.

Once again, I find that some programs have somehow crept back into the startup menu. (Probably from newly loaded software that brought the kitchen sink, dishes, etc. back.)

Would you be so kind as to re-publish the short blurb for those of us who are still tech challenged to some extent? I would appreciate it and I am sure that some of your newer subscribers would benefit as well.

Thank you,
Sonia v.M.Stoddard
NAELB Director-at-Large, Communications Committee Liaison
Stoddard & Associates
310.390.2009 direct line/office
888.842.7008 toll free NAELB Business

"Luck is the residue of design." Branch Rickey
"Energy follows intention." Anonymous

Here it is: Misconfig:


Sorry it has taken me so long to get this to you. Would be great if you could add this to your Leasing News. By the way, theLeaseBlog has had a steady flow of referrals from LeasingNews ...obviously attracted by the cartoons!!!!

Last week this was announced on monitor, lessors network and elfaonline......response has been quite poor so far so I am hoping Leasing News can really help me get some responses.

INTERIMUS: US Leasing – Sales Benchmarking Survey

Earlier this month, INTERIMUS Limited , a UK based lease consultancy launched the US version of their unique Sales Benchmarking Survey. The anonymous on-line survey looks to define benchmarks for Salaries, Bonuses, Targets, Longevity, Training, Customer Touch and Satisfaction in the US leasing sales community. This US survey follows hot on the heels of a similar successful launch in the UK market.

The end product will not only create definitive benchmarks for salaries and bonuses but will also link them to size of target and length of service. INTERIMUS is looking for anyone in sales to participate in the survey which only takes 8 minutes to complete. As the survey is totally anonymous, INTERIMUS, by way of saying thank you to respondents for taking part, has committed to donate 10% of net profits from the sale of the database results, to a charity chosen by respondents to the survey.

So please take 8 minutes out and take the survey which can be found at

Kind regards

Brian Whelan
interimus Limited
Telephone:+44 (0)7768 467 413


Want to add my name to the list of people who find the Leasing News to be of great service to our industry. I enjoy the honest and fair reporting, as well as the ancillary information to brighten the day. Wishing you continued success, good health and many more years of publishing this fine news product.

Best regards,

Robert A. Chlebowski
Post Office Box 614
Wildwood, Missouri 63040-0614
636-458-0333 phone
636-458-5111 fax
Visit us at


please add my e-mail address to your mailing list. I started my own leasing company and would like to receive your news letter. I have been receiving “leasing news” for many years and have found it very informative.

Thank you,

William J. Henry
Lighthouse Commercial Credit LLC
75 Orchard Street
South Amboy, NJ 08879
Phone # 732-952-8757
Fax # 732-727-2780
Cell # 908-881-1952
Member of NAELB


I am deeply saddened by the passing of our good friend Bob Baker. Not only a great person, friend, businessman and industry mentor but also a real leader that gave allot of his time and talent to the industry over the years, to help educate others such as myself. I sat on the UAEL board with Bob and always learned something from him over the years. You don’t get that type of education in any school, except perhaps his. I’m not saying I agree with everything he said but when he spoke… many times it was a great learning opportunity that only required your attention. The great thing about Bob was no matter where you ran into him, and if it was at a conference it could have been anywhere there, parked out by the registration desk so he could see everyone and look for his Wildwood members and friends, at the opening reception, at a session where he was participating, at lunch, or even after hours in the casino or at a bar, no matter what the venue. He always took a moment of his time to ask you how you were doing and to catch up on things. The best way I can describe him is he had a real passion for people and our business.

While I’m saddened he left us at such and early age, I’m also grateful for the gift of meeting him and what I gained from it. Thanks!

Best regard,

Randy Haug
Sr. Vice President / Partner
LeaseTeam, Inc.
(800)531-5086 x 1014
Innovative Solutions, Extraordinary Results!


This was certainly not the news I was hoping for on this Tuesday morning but as the sun shines bright outside my window today I will think of Bob and that glistening twinkle that he always had in his eye. When I came into this industry twenty years ago Bob was one of the very first people that I came in contact with, I can not express the kindness and warmth that he expressed to me, he will be forever remembered in my heart, god bless you Bob, you were one of the best! I will never forget you.................

Denise Mann
503-797-0852 Fax



The Cool Factor

by Shawn Halladay

Shortly after bemoaning in a recent post that I was not as young as I once was, I discovered that I wasn’t cool either (and not just in the eyes of my teenage children). Now, this probably doesn’t come as a surprise to those of you who recognize my penchant for accounting, but still, it brought me up short to find out that I work in an industry that isn’t considered cool. A double whammy and a cold one at that!

How did this startling revelation come to light? As I have said before, we need to bring in the future, future leaders to maintain the viability of the leasing industry. ELFA’s Industry Future Council and Executive Roundtable attendees also have identified this as a critical factor. One of the impediments they identified to doing so, however, is the perception of the leasing industry. Back in the day, the leasing industry had cachet. It was fast moving, developing, and a breeding ground for new products and ideas. This is no longer the case.

In addition to lacking visibility with young professionals and graduates, the leasing industry no longer has that “cool factor.” What that means, I am not exactly sure, but apparently has something to do with an inability to impress people in the bar when you tell them you work in the leasing industry. Something to do with the ‘job du jour’ mentality and leasing not being in the inner circle of hot jobs. In fairness to the comment, though, I have to say that I am getting similar feedback from younger leasing professionals as to the long-term prospects of leasing.

This is not to say that we don’t have the current talent to continue building the leasing industry. As Valerie Jester mentioned in a recent Equipment Leasing Today quote, “We do have cool, bright, creative entrepreneurs” in our industry. What we do need to do, however, is two-pronged in nature. First, we have to continue to identify these people and provide them with the chance to grow. Second, we have to bring in new people of the same caliber by overcoming the lack of industry visibility and the perception that it is not “cool.” I, for one, am a great believer in our industry and think tremendous opportunities remain today and in the future, so it is not an impossible task. We just have to work at continually identifying and exploiting them. Maybe we can even get back to being cool!

While I am on the subject of aging and the cool factor, I need to clarify a comment from one of my recent posts. For those of you who aren’t classic rock and roll fans, my statement of “I hope I die before I get old” was not intended to be either macabre or a commentary on hoping to pass on before I get infirm. It was, instead, intended to reflect a state of mind. This thought, so eloquently verbalized by Roger Daltrey in “My Generation,” reflects a desire to always stay young at heart. If I am not enjoying life and those around me, then it is time to move on.

Shawn D. Halladay
Managing Principal
124 South 400 East Suite 310
Salt Lake City, UT 84111-2135
Phone: (801) 322-4499
Fax: (801) 322-5454

Speaking of Rock'n'Roll, perhaps this
says it best:

I'm gonna pack my clothes
Leave at the break of dawn
I'm gonna pack my clothes
Everybody will be sleeping
Nobody will know where I've gone
Cause if I stay in town
I know I'm gonna die.

Gotta find a friendly city
And that's the reason why,
Goin' to Kansas City, Kansas City here I come
They got a crazy way of loving there
And I'm gonna get me some.
Wilbur Harris, "Goin' to Kansas City."

or my favorite, not Rock'n'Roll, but:

I don't want a pickle
Just want to ride on my motorsickle
And I don't want a tickle
'Cause I'd rather ride on my motorsickle
And I don't want to die
Just want to ride on my motor-sigh...cle
Arlo Guthrie, "The Motorcycle Song."

Kit Menkin


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

Alta Continues Its Expansion Eastwards in Europe

The Alta Group has great pleasure in announcing that Nada Burić is to join the team as an Associate, based in Ljubljana, Slovenia.

Nada Burić

Nada is a Lawyer with extensive experience in the Equipment Leasing, Banking and Finance business, having been providing legal advice for over 30 years on banking and finance in the corporate and commercial sectors, in both domestic and international markets. She has a lot of experience at handling the sensitivities arising from working with clients of different nationalities.

Nada specialises in Corporate and finance law with particular interest in mergers & acquisitions in addition to the financial consolidation of small to medium size companies. She has chosen to focus particularly on the leasing industry and numbers ten leasing companies among her client base. For six years Nada was a member of the Leaseurope Legal Affairs Committee and has frequently participated at Leaseurope conferences. Nada was among the founding members of the Slovenian Leasing Association and Chairlady of its Legal Affairs Committee.

A qualified Mediator in civil and commercial disputes and a founder member of the
Slovenian Mediators Association

Derek Soper, a Principal and Chairman of The Alta Group, Europe, said, “Nada is a wonderful addition to our team. Her unique combination of experience across many aspects of Alta’s work in the CEE Countries will be a great plus for our Group. We are all looking forward working with her and benefiting from her knowledge and contacts in the Region.”

The Alta Group, established in 1992, provides a broad array of strategic consulting and advisory services, education and training programmes, merger and acquisition work and dispute resolution services for companies in the global equipment leasing and asset finance industries. Its clients include manufacturers, banks, and independent lessors of various sizes plus companies and organisations servicing the industry. The Alta team is made up of more than 35 international professionals committed to the asset finance business, including former CEOs, company founders and industry thought leaders who are active in their areas of expertise. Proven success and in depth industry knowledge are the basic ingredients for entry into the Firm. They collaborate and share their in-depth knowledge and insights with today's business leaders who face a range of challenges, both old and new. The firm has built a reputation on creative thinking, trust and professionalism. The Alta Group supports clients in North America, Latin America, Western, Central and Eastern Europe, Asia, the Middle East and Australia. For more information, visit


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

News Briefs----

Yield on 10-year note tops 5%; could lift mortgage rates

Amex to sell private bank unit within weeks: source

Bank of America applies for approval of ABN LaSalle deal with Federal Reserve

Wal-Mart to offer prepaid payment cards
(About 28 million people — 9% of the U.S. population — do not have bank accounts, according to the Federal Deposit Insurance Corp.)

Fitch Assigns GATX Corporation IDR of 'BBB'; Outlook Stable

Online rating system Avvo puts attorneys in the hot seat
Productivity slows, costs rise

Growth in Consumer Credit Slows in April

Early returns on Apple TV: It's no iPod

Google expands book project,0,5202694.



You May have Missed---

One City’s Home Sellers Do Better on Their Own



Sports Briefs----

Spurs Show That James Has Much to Learn



California Nuts Briefs---

Judge orders Paris Hilton back to court for hearing on release,,4-2007260499,00.html



“Gimme that Wine”

Keenan Winery Introduces Solar-Powered Wine

Sunday, June 10th, Open House, Viader, Howell Mountain

Auction season in Napa Valley

Truck topples, spilling 1500 gallons of wine, Alexander Valley

“Two Buck Chuck” for 8 percent of all wine sales in California.

$7,127,613 NJ wine collector’s collection auctioned off

Manischewitz Sparkling Grape Juice Being Recalled

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



Calendar Events This Day

Best Friends Day

Name Your Poison Day

National Jelly-Filled Doughnut Day

Upsy Daisy Day –
A day to remind people to get up gloriously, gratefully and gleefully each morning.

World Ocean Day

Saint Feast Days



The biggest pig in recorded history weighed almost one ton.

A farm hog can exceed 1,000 pounds, and a young boy recently
shot a wild boar (pig) that weighed over 1,000 pounds.
A woman in China holds the record with a one ton pig.



Today's Top Event in History

1867- The birthday of perhaps the greatest American architect Frank Lloyd Wright, born at Richland Center, WI. In his autobiography Wright wrote: “No house should ever be on any hill or on anything. It should be of the hill, belonging to it, so hill and house could live together each the happier for the other.” Wright died at Phoenix, AZ, April 9, 1959.


This Day in American History

    1670- A Virginia slavery act decreed that slaves who had become Christians before their importation were not liable to lifelong servitude. This law reflected the moral concern felt in America over the enslavement of Christians.
    1697- The husband of Hannah Duston was awarded the sum of 25 pounds (equivalent to today dollar about $10,000) for her heroic efforts, the first public award to a woman in America. On March 16 of the same year, in an attack on Haverhill, Massachusetts, Indians captured Hannah Duston and killed her baby, killing or capturing 39 others in addition. After being taken to an Indian camp, she escaped on April 29 after killing 10 Indians with a tomahawk and scalping them as proof of her deed .
    1786-The first ice cream to be made commercially was sold by Mr. Hall of 76 Chatham Street (now Park Row), New York City, who advertised its sale.
    1789- James Madison proposed the Bill of Rights, which led to the first 10 amendments of the U.S. Constitution.
    1816- Mary Lucinda Bonney birthday; educator and reformer who organized and headed a successful women's school in Philadelphia as well as the Central Indian Committee which campaigned for the U.S. to honor its Indian treaties. Under her leadership, the plan to allot land to individual Indians was developed and approved by Congress.
    1852-First known labor strike in San Francisco occurred when Chinese laborers working on the Parrott granite building demanded a wage increase.
    1861-Tennessee seceded from the Union in a two to one vote in the state.
(lower half of: )
    1862- The Army of the Potomac defeats Confederate forces at Battle of Cross Keys, Virginia.
    1863 - Residents of Vicksburg flee into caves as General Ulysses S. Grant's army begins shelling the town.
    1867- The birthday of perhaps the greatest American architect Frank Lloyd Wright, born at Richland Center, WI. In his autobiography Wright wrote: “No house should ever be on any hill or on anything. It should be of the hill, belonging to it, so hill and house could live together each the happier for the other.” Wright died at Phoenix, AZ, April 9, 1959.
    1869- Ives W. McGaffey of Chicago, Illinois obtained a patent on a “sweeping machine,” a light hand-powered suction device for surface cleaning. Although he did not coin the word “Vacuum Cleaner,” he is credited with its invention. Melville Reuben Bissell of Grand Rapids, MI, in 1876 received a patent on a “broom action: variable pressure sweeper, responsive to different grades of floor covering. The first vacuum cleaner driven by a motor was invented by John S. Thurman of the General Compressed Air and Vacuum Machinery Company, St. Louis, MO, in 1899 for a “pneumatic carpet renovator.” Vacuum Cleaner came into the American language
as a shorter name of maker, it was a “Vacuum” cleaner.
    1893-Birthday of Dorothy Deming, author of the Penny Marsh books on nursing as a career.
    1906-Pianist Frank “Sweet” Williams
    1906-Birthday of guitarist Willie Morris, Bolton, MS. Boogie-woogie piano player with a distinctive blues shouting style that was reportedly unforgettable.
    1906-Birthday of Pianist Billie Pierce, known best for performing with DeDe Pierce, born Marianna, Florida
    1916- Birthday of Canadian trumpeter and bandleader Johnny Holmes, in Montreal.
    1917-Birthday of Byron Raymond (Whizzer) White, Retired associate justice of the Supreme Court of the US, nominated by President Kennedy Apr 3, 1962. (Oath of office, Apr 16, 1962.) and former football player. Justice White was born at Fort Collins, CO.
    1925-Birthday of Barbara Pierce Bush, former First Lady, born Rye, NY.
    1936-Birthday of actor-singer James Darren, born Philadelphia, PA
    1937 -- Eight-and-one-half-foot giant Calla Lily blooms, New York Botanical Gardens.
    1939-Soprano saxophone player Sidney Bechet records “Summertime,” (Blue Note 6)
    1940-Birthday of singer Nancy Sinatra, born Jersey City, NJ, graduate of University High School in West Los Angeles. After forming an association with producer Lee Hazelwood, she made number one on the Billboard Hot 100 in 1966 with "These Boots Are Made For Walkin'." Nancy Sinatra also had several hit duets with Hazelwood, and one with her father, "Somethin' Stupid," in 1967.
    1940—Neptunium(Element 93, Symbol Np, Atomic weight 237) was created at the University of California at Berkeley, CA, by Edwin Mattison McMillan and Philip Hauge Abelson. Their announcement was made this day. Neptunium was the first element created that was heavier than uranium, the heaviest naturally occurring element.
    1942- Chuck Negron, lead vocalist for Three Dog Night, was born in New York City. Three Dog Night, formed in Los Angeles in 1968, became one of the most commercially successful American rock bands of the 1970's. Negron had been a session vocalist before he was recruited by group founder Danny Hutton. Three Dog Night's first album in 1969 yielded a million-seller, "One," and after that they were seldom absent from the charts. Among their other hits were "Easy to Be Hard," "Joy to the World" and "An Old-Fashioned Love Song." The group also had a number of best-selling albums.
Three Dog Night's commercial magic had waned by 1975, and the group gradually broke up. The three original vocalists of Three Dog Night - Chuck Negron, Danny Hutton and Cory Wells - reunited in 1981.
    1944-Birthday of Boz Scaggs, singer, musician, songwriter (Silk Degress, Middle Man), born Dallas, TX, Following two albums with the Steve Miller Band in the late 1960's, he spent nearly a decade trying to make it as a solo act. Scaggs finally made it in 1976 with the album "Silk Degrees," which sold five-million copies. A single from the LP, "Lowdown," made it to number three on the Hot 100.
    1944-*PEREGORY, FRANK D. Medal of Honor
Rank and organization: Technical Sergeant, U.S. Army, Company K 116th Infantry, 29th Infantry Division. Place and date: Grandcampe France, 8 June 1944. Entered service at: Charlottesville, Va. Born. 10 April 1915, Esmont, Va. G.O. No.: 43, 30 May 1945. Citation: On 8 June 1944, the 3d Battalion of the 116th Infantry was advancing on the strongly held German defenses at Grandcampe, France, when the leading elements were suddenly halted by decimating machinegun fire from a firmly entrenched enemy force on the high ground overlooking the town. After numerous attempts to neutralize the enemy position by supporting artillery and tank fire had proved ineffective, T/Sgt. Peregory, on his own initiative, advanced up the hill under withering fire, and worked his way to the crest where he discovered an entrenchment leading to the main enemy fortifications 200 yards away. Without hesitating, he leaped into the trench and moved toward the emplacement. Encountering a squad of enemy riflemen, he fearlessly attacked them with handgrenades and bayonet, killed 8 and forced 3 to surrender. Continuing along the trench, he single-handedly forced the surrender of 32 more riflemen, captured the machine gunners, and opened the way for the leading elements of the battalion to advance and secure its objective. The extraordinary gallantry and aggressiveness displayed by T/Sgt. Peregory are exemplary of the highest tradition of the armed forces.
    1947-Birthday of detective writer Sara Paretskey, (Killing Orders, Burn Marks), born Ames, IA. Best known as the author of the Chicago- based detective series featuring the opera singing, liberal feminist, Victoria Warshawski who lacks house cleaning and cooking abilities, but is “hard boiled.”
    1946-Harmonica player, composer, band leader James Harman birthday, born Anniston, AL.
    1947- Birthday of Sara Paretsky - author of the Chicago- based “hard boiled” detective series featuring , V.I. Warshawski, a female.
    1948-The first commissioned officer in the Marine Corps who was African American was John Earl Rudder, a midshipman in the regularly Naval Reserve Officers’ Training Corps at Purdue University, Lafayette, IN, who was commissioned as a second lieutenant. He had served as an enlisted man in the Marine Corps Reserve from July 24,1943 to June 26, 1946.
    1948 - Milton Berle starred on the "Texaco Star Theatre." He soon earned the nickname "Mr. Television", and he continued to be America's top TV comedian until 1956. In 1948, only about one percent of America's homes had TV. However, by 1956, thanks in large part to Berle, the percentage was much higher. When Berle was on, theatres often closed and neighborhood taverns noted a big decrease in business.
    1950 - The Boston Red Sox defeated the St. Louis Browns, 19-4. It was a one game baseball record for scoring. Al Zarilla of the Sox scored four doubles in the game.
    1951----Top Hits
Too Young - Nat King Cole
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
How High the Moon - Les Paul & Mary Ford
I Want to Be with You Always - Lefty Frizzell
    1951-Birthday of rock singer Bonnie Tyler, born Gaynor Hopkins in Skewen, near Swansea, South Wales.
    1953 - The U.S. Supreme Court ruled that restaurants in the District of Columbia could not refuse to serve blacks.
    1953 -A 1/2 mile wide tornado struck Flint, Michigan. 115 people were killed making it the worst tornado in the state's history. This tornado, rated F5 on the Fujita scale, was the last single tornado in the U.S. to kill over 100 people.
    1953 - Bonnie Tyler (Gaynor Hopkins) is born in Skewen, Wales. Her biggest hit is the million-selling ``Total Eclipse of the Heart'' in 1983. The single tops Billboard's Hot 100 for four weeks.
    1957—Birthday of Scott Adams, cartoonist, creator of "Dilbert," born Windham, NY.
    1959----Top Hits
Dream Lover - Bobby Darin
Personality - Lloyd Price
Quiet Village - Martin Denny
The Battle of New Orleans - Johnny Horton
    1961 - A major league baseball record was set when four Milwaukee Braves batters hit consecutive home runs in the game's seventh inning. They were playing against the Cincinnati Reds.
    1961-Elvis Presley's seventh film, "Wild in the Country" premiers.
    1962-Birthday of Nick Rhodes of Duran Duran who was born Nicholas James Bates.
    1965 - President Johnson authorizes commanders in Vietnam to commit U.S. ground forces to combat.
    1966- Merle James Smith, Jr. of Baltimore, MD, part of the class of 113 cadets who were graduated this day, became the first Coast Guard Academy graduate who was African-American. The ceremony was held at Jones Field, New London, CT. His commission was presented to him by his father, a colonel in the regular army.
    1966 - A tornado ripped right through the heart of the capitol city of Topeka KS killing sixteen persons and causing 100 million dollars damage. The tornado, which struck during the evening, cut a swath of near total destruction eight miles long and four blocks wide. It was the most destructive tornado of record up until that time.
    1966-The group, The Essex releases "Easier Said than Done". It climbs to #1 on both the pop and R&B charts.
    1966 - The Elvis Presley film ``Paradise Hawaiian Style'' premieres.
    1967----Top Hits
Respect - Aretha Franklin
Release Me (And Let Me Love Again) - Engelbert Humperdinck
Creeque Alley - The Mamas & The Papas
It’s Such a Pretty World Today - Wynn Stewart
    1967-Attack on the USS Liberty. At 2 PM local time, the unescorted US intelligence ship USS Liberty, sailing in international waters off the Egyptian coast, was attacked without warning by Israeli jet planes and three Israeli torpedo boats. She was strafed and hit repeatedly by rockets, cannon, napalm and finally a torpedo. Casualties: out of a crew of 294 Americans, there were 34 dead and 171 wounded. Israel apologized, claiming mistaken identity, but surviving crew members charged deliberate attack by Israel and cover-up by US authorities.
    1968- The Rolling Stones release "Jumpin' Jack Flash."
    1968 - Don Drysdale, pitcher for LA Dodgers, lost his major league streak of scoreless innings pitched, when it was stopped at 58-2/3 by Howie Bedell, of the Philadelphia Phillies, who hit a sacrifice fly in the fifth inning. The Dodgers did beat the Phillies 5-3 that day. Until 1987, Drysdale's record stood, when it was broken by Orel Hersheiser, also of the Dodgers, at that time.
During a meeting on Midway Island in the Pacific, US President Richard M. Nixon and South Vietnamese President Nguyen Van Thieu announce the imminent withdrawal of 25,000 US troops from Vietnam, and emphasize that all remaining US grounds troops will eventually be replaced by South Vietnamese forces.
In 1961, US President John F. Kennedy had sent the first large force of US military personnel to Vietnam to bolster the ineffectual autocratic regime of South Vietnam against the Communist North. Three years later, with the South Vietnamese government crumbling, President Lyndon B. Johnson ordered limited bombing raids on North Vietnam and Congress authorized the use of US troops.
By 1965, North Vietnamese offensives left President Johnson with two choices: escalate US involvement or withdraw. Johnson ordered the former, and troop levels soon jumped to over 300'000 as US air forces commenced the largest bombing campaign in history. Over the next few years, the extended length of the war, the high number of US casualties, and the exposure of US involvement in war crimes such as the massacre at My Lai helped to turn many in the United States against the Vietnam War, and created a perilous national division.
In the spring of 1969, as protests in the United States against the war escalated, US troop strength in the war-torn country reached its peak at nearly 550'000. In June, Richard Nixon, the new US president, announced the beginning of US troop withdrawal, but intensified bombing in an effort to salvage the embattled war effort. Large US troop withdrawals continued in the early 1970s, but President Nixon expanded air and ground operations into Cambodia and Laos in attempts to block enemy supply routes along Vietnam’s borders.
This expansion of the war, which accomplished few positive results, led to new waves of protests in the United States and elsewhere. Finally, in 1973, representatives of the United States, North and South Vietnam, and the Vietcong signed a peace agreement in Paris, ending the US military involvement in the Vietnam War. By the end of 1973, the US contingent in Vietnam had shrunk to only fifty military advisors. On 30 April 1975, the last of these and other US nationals were airlifted out of Vietnam as Communist forces launched their final triumphant offensive into South Vietnam. The Vietnam War was the longest and most unpopular foreign war in US history, cost fifty-eight thousand American lives, many more lives of Vietnamese soldiers from both North and South, uncounted lives of Vietnamese civilians, and long-lasting damage to the environment in Vietnam.
    1969-New York Yankees honored Mickey Mantle by retiring his number 7 in a ceremony preceding a double-header against the Chicago White Sox. 60,096 fans came out to salute Mantle and to watch the Yankees sweep the Sox, 3-1 and 11-2. The Yankees have retired 12 numbers in all, more than any other baseball team.
    1970 - No. 1 Billboard Pop Hit: ``Long and Winding Road,'' The Beatles.
    1973 - After quarterbacking for the Baltimore colts for 16 of the NFL's most exciting season ever, Johnny Unitas signed a two-year contract to finish out his football career with the San Diego Chargers.
    1974 - Severe thunderstorms spawned at least twenty-three tornadoes in Oklahoma during the afternoon and evening hours. One of the tornadoes struck the town Drumright killing sixteen persons and injuring 150 others. A tornado struck the National Weather Service office in Oklahoma City, and two tornadoes hit the city of Tulsa. Thunderstorms in Tulsa also produced as much as ten inches of rain. Total damage from the storms was around thirty million dollars. It was the worst natural disaster of record for Tulsa.
    1975----Top Hits
Thank God I’m a Country Boy - John Denver
Sister Golden Hair - America
Bad Time - Grand Funk
Window Up Above - Mickey Gilley
    1978-- Through the voice of its president Spencer W. Kimball, the Mormon Church reversed a 148-year- long policy of spiritual discrimination against African- American leadership within the denomination. The declaration extended priesthood and temple blessings to all worthy male members of the Church The Mormon attitude about Black church members is little understood outside their church, but here is a site chronically a
group trying to bring “fair” information concerning the LDS.
The Official Decision as recorded by the
About this site:
    1982- A re-united Simon & Garfunkel leave for a nine date European tour starting at the Hippodrome d'Auteuil in Paris. It ends June 19th in London.
    1983----Top Hits
Flashdance...What a Feeling - Irene Cara
Overkill - Men At Work
Time (Clock of the Heart) - Culture Club
Lucille (You Won’t Do Your Daddy’s Will) - Waylon Jennings
    1986- In the longest nine inning game in American League history, the Orioles beat the Yankees 18-9 in four hours and sixteen minutes.
    1986 - No. 1 Billboard Pop Hit: ``On My Own,'' Patti LaBelle & Michael McDonald.
    1988 - Overnight thunderstorms in Iowa produced 5.20 inches of rain at Coon Rapids. Thunderstorms in the Florida Keys drenched Tavernier with 7.16 inches of rain in 24 hours. Eleven cities in the central U.S. reported record high temperatures for the date.
    1989- After the Pirates take a 10-0 lead in Philadelphia by sending 16 batters to the plate in the first inning , Pirate broadcaster Jim Rooker announces if the Bucs lose the game he'll walk back to Pittsburgh. True to his word, the radio by-by-play man organizes a charity walk from Philadelphia to Pittsburgh after the season as a result of the Phillies comeback win over the Pirates, 15-11.
    1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
    1990 - CDR Rosemary Mariner becomes first Navy women to command fleet jet aircraft squadron.
    1991 - General Norman Schwarzkopf, commander of Allied forces in Operation “Desert Storm” leads the National Victory Parade up Pennsylvania Avenue past the reviewing stand holding President George H.W. Bush and other dignitaries in the first such military parade held in the nation’s capital since the end of World War I. Among the contingents of military units are composite battalions of Air and Army Guard personnel who served in theater.
    1991----Top Hits
More Than Words - Extreme
I Wanna Sex You Up - Color Me Badd
Rush, Rush - Paula Abdul
Meet in the Middle - Diamond Rio
    1998 - Former LA Laker Earvin "Magic" Johnson's new late-night talk show averaged a 3 Nielsen rating in its opening night in 40 major cities. It dropped to a 2.1 rating the next two nights, and was soon cancelled.
    1998 - The National Rifle Association elected Charlton Heston its president.
    2001- For the first time in major league history, the two Texan teams play one another in the regular season. The Astros beat their interstate rivals, the Rangers, 5-4 in the first game of the Lone Star Series played in Arlington, Texas.
    2004---Tampa Bay Holds Off the Flames for Its First Stanley Cup: Lightning 2, Flames 1
    2005 --Going yard twice in his 4-for-4 day, Alex Rodriquez becomes the 40th and youngest big leaguer to hit 400 career home runs. On the 316th day of 29th year of his life, the Yankee superstar third baseman, who surpasses Ken Griffey Jr. for the honor, connects for a solo shot off Brewers’ southpaw Jorge De La Rosa in the eighth inning for the milestone marker.

Stanley Cup Champions this Date

Tampa Bay Lightning

NBA Finals Champion This Date

    1982 Los Angeles Lakers G MVP

    1981-82 Los Angeles Lakers Philadelphia 76ers 4-2 Magic Johnson, L.A.

    1986 Boston Celtics G MVP

    1985-86 Boston Celtics Houston Rockets 4-2 Larry Bird, Bos.



Baseball Poem

When I go to a Red Sox Baseball Game.(Arts and Lifestyle)

The Boston Herald; 10/13/2003; Tardiff, Nicole

Byline: Nicole Tardiff

I can't explain
the feeling I get
when I go to
a Red Sox
baseball game.

It's like this
BANG of energy that rushes through my veins.
I'm free.

The air is filled with
the spices of
hot dogs, pizza,
Fenway freshly cut grass.

I love it.
everyone is like me,
cheering on my fave

Red Sox players.
I'm not different.
I fit in.

Nicole Tardiff, 17, is a senior at Lexington High School. This poem was originally published in "2:25 P.M.," a book of poetry and prose from Lexington High School's participation in the Student Publishing Program.

Lexington's Student Publishing Program has been selected as one of the top high school writing programs in the country by Web del Sol, the largest nonprofit publisher of periodical contemporary literature in the United States.

See for more information about the Student Publishing Program and its free online literary magazine and writing resources




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?



Daily Puzzle

How to play:

Refresh for current date:



Independent, unbiased and fair news about the Leasing Industry.
Editorials (click here)
Ten Top Stories each week chosen by readers (click here)

Leasing 102 --- by Mr. Terry Winders, CLP
Leasing News Advisors
Pictures from the Past
Sales Make it Happen
Shawn Halladay Collection
To Tell the Truth
Why I Became a CLP