"Kony 2012" 43 million hits at press time
######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
Proviso Financial Services, Coquitlam, British Columbia
February 8, 2012:
“This is Peter Matera & I am an independent broker here in Ct. I have been in the industry since 1978 tracing my introduction to leasing with U.S. Leasing. I am inquiring as to the procedure to follow to file a complaint re: a Canadian broker who does a good amount of transactions in the U.S. as well as in his country.
“We gave him a transaction involving a customer in Plamadon, AB TOA 2 TO...approved & funded in late December 2011 or early 2012.
“He had stated he would send us our fee of $2,200.00 approx. A check was to have been mailed on approx. 01/25/2012. He not only has not sent us the check but now will not take our calls or respond to Emails but also voicemails.
"His name is Anthony Carrol
For over two weeks, Leasing News attempted to reach him by email and telephone, sometimes contacting several times a day during the week.
In looking into this via Linkedin.com, Anthony Carrol was also president of Litehaus Systems. A call to the number of the web site found the line out of service; however, he did respond to an email made via Linkedin.com
February 22, 2012 from Anthony Carrol:
"Yes we are we have just done away with the toll free #"
"p.s it has nothing to do with Litehaus it is a separate incorporated company, I get both e-mails but one has nothing to do with the other."
"Hi Kit, I have been away travelling on business, so I have been difficult to reach, however it will get dealt with shortly we just need an invoice to us we don’t have one to issue payment against."
An invoice was sent by both Peter Matera and Leasing News also sent a copy. This past week several attempts were made to reach Mr. Carroll, but he did not respond nor has the check appeared.
Free Posting for those seeking employment in Leasing:
All “free” categories “job wanted” ads:http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
StoneCastle Partners Provides Bank Leasing Programs
"Our correspondent banking group of veteran bankers deep in commercial banking experience left Zions Bank 6 months ago and have moved our correspondent services business to StoneCastle Partners, LLC.
“We will continue to run our business from Utah but will also maintain NY offices. Among many of the services we provide to or assist banks with, are leasing programs. These programs are designed to help banks be both proactive in generating good local transactions and defensive given the direct and indirect competition."
StoneCastle Partners, LLC, is a leading investment firm dedicated to the community and regional banking sector. The company has successfully invested more than $2 billion of capital in over 220 community and regional banks since 2003 and today StoneCastle Partners and its affiliates have over $3 billion in assets under management.
Today, StoneCastle Partners is one of the largest investors in community banks and a leading resource for all regulatory agencies including the Federal Reserve and various state banking associations.
Randy S. Cameron
Vendor Donner gets 18 Months, Afraid of a Bullet
Bruce Donner, 52, of Donner Medical Marketing, Orange, New Jersey, who turned federal evidence on the forging of invoices for non-existent equipment for Charles K. Schwartz's Allied Health Care Services was sentenced to 18 months in prison by Judge Susan D. Wigenton. Schwartz received 16 years and three months, as well as being ordered to pay $80 million in restitution for fraud, as well as to forfeit $75 million regarding $135 million in phony leases.
The actual sentencing was not available as a file, but it appears with time served, and with good behavior, he could be out in less than 8 months, and he gets to keep the commissions from the fraudulent sales, too (it appears.)
Keith N. Bielbelbert, attorney for Donner, did not return telephone calls to Leasing News, but did plead in court that had had feared for the safety of his client from the former ex-marine who purportedly had "an arsenal of firearms and a tray of ammunition.
“Those bullets were labeled with the names of various individuals for which Mr. Schwartz bore ill will,” the lawyer said. Donner’s name wasn’t on the bullets, he said.
The sentence was lenient as Assistant U.S. Attorney Joseph Mack said it was Donner's cooperation, which was "substantial," that after confusing, he made recordings of Schwartz for authorities that help lead to Schwartz guilty plea.
Charles K. Schwartz is severing his time at Fort Dix Penitentiary. It is unlikely that Bruce Donner will be sent there. Will follow-up with full sentencing information and where Donner will be heading for the next eight or nine months.
Allied Health Care Service stories:
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Leasing Companies Out of Business
Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio.
More details are available in this list by company name:
*ABCO Leasing Inc., Bothell, WA
(Note: Should a company policy have changed, please contact email@example.com)
Funders looking for new Brokers:
"Broker/Lessor" looking for broker business:
NAELB Broker Exchange
(In an effort suggested by Mike Coon, Vice President, Equipment Leasing Division Tab Bank, the weekly New Hires and Promotions will extend from original press releases received by Leasing News when appropriate; instead of primarily relying on Linkedin.com.
(Leasing News will continue with the viewpoint this is more about the employee, their background and expertise, and their new position, rather than the company itself.)
(Leasing News will continue to rely on Linkedin.com when employment history is noted, but attempt to use more from individual press releases when received.)
Brad Bayless was promoted to vice-president, Dynamic Funding, Inc, Englewood, Colorado. He joined the firm September, 2011. Previously he was senior vice-president, managing principal, General Capital Partners (April, 2010-July, 2001), president, Falcon Financial (1992-2010), vp, marketing, GE Capital (1988-1992), evp, D&K Financial Corp. (1981-1988), evp, D&K Financial Corp. (1981-1988).University of Minnesota-Twin Cities, MBA, Finance & Marketing (1974 – 1976), Central Michigan University BS, Business Administration (1970 – 1974).
Don Chan was appointed to the Board of Directors, IAA-Advisory, the global advisory firm. He is very experienced general manager and a seasoned finance and treasury executive with more than 25 years’ experience in global leasing and structured finance in China, Hong Kong, Pan Asia and the United States.
His broad legal and taxation knowledge combined with outstanding Don’s 25 years working in the leasing industry started in 1986 with AT&T Capital in the US where he gained experience in the Treasury and Finance function, both with the management of currencies and securitizations. He liaised closely with the various country businesses of AT&T Capital as they were developed around the World. He was assigned to Hong Kong as CFO for the Asia Pacific Region to concentrate on expanding coverage in the Region in 1994 and started to cover China in 1996 when China's leasing industry was going through a very difficult period with only a dozen lessors with average leased portfolios of less than USD 100 million. Don moved to Beijing when he was appointed the first General Manager of AT&T Capital’s joint venture in China in 1997 which was subsequently acquired by CIT. He witnessed the growth of the Chinese Leasing Industry to a USD100 billion market by 2011 with over 250 lessors. Very few in China can match Don’s level of involvement in the development of the leasing industry or have participated in such change. Don has played a key role in working with Chinese Government to promote the development of the modern Chinese Leasing Industry, including the development of the leasing laws.
Don’s most recent position before joining IAA-Advisory was with BNP Paribas Leasing Solutions China which he led from the start-up of the company in 2007.
Alan Kosow was appointed Regional Sales Manager, Creekridge Capital, Minneapolis, Minnesota. He "...will be responsible for originating technology vendor lease programs within the Northeast Region and will be working out of Creekridge's New Hampshire office...He has established several successful vendor programs with many prominent technology industry leaders."
Brian Jankins was promoted to Major Account Program Group for LEAF Commercial Capital, out of Boston, Massachusetts. He joined LEAF Financial February (2012). Previously he was Director of Sales, Clear Channel Outdoor (June, 2011-February, 2012),vice-president, Vertical USA/Vertical International S.A. (2009--February, 2012), Vendor Channel Sales Manager, MicroFinancial (January, 2008-July, 2009), regional vice-president, GE (August, 2002-January, 2008), sales representative, AT&T Capital (September, 1991-August, 2002), Western New England College, BS, Business Management (1986 – 1990),Activities and Societies: Men's Basketball Umpire, Greater Lawrence Umpires (2009-Present)
Charla Laird joins Dakota Financial, Los Angeles, California as Sales and Marketing Manager. She previously was Broker Services Manager, Channel Partners, LLC., working also for Mesa Leasing, and manager, broker services, Pentech Financial Services (2003-2008). Dakota Financial "...focuses on funding trucks, trailers, construction equipment, agriculture equipment, and machine tools. Our national programs are specifically designed to provide funding solutions for customers that have prior bankruptcies, tax liens, judgments, repossessions, or slow pays. We fund traditional leases as well as sale-leasebacks, private party sales, start-ups, and owner/operators from $10,000 up to $250,000.
Larry Littleid appointed to manage ATEL Leasing, a subsidiary of ATEL Capital Group, focusing to "...strategicallly build ATEL's existing rail portfolio. He will partner directly with rail-specific lessors, financial institutions, railroads, shippers and advisors to purchase and finance rail leases and acquisitions. He will be located in Connecticut. “Larry will be instrumental in utilizing our deep capital base for strategic growth and locating profitable buying opportunities in different segments of the market,” commented Dean Cash, CEO of ATEL Capital Group. Littlefield has had a stellar career in the rail finance industry, previously holding senior marketing, management and operation positions at US Leasing, CIT Rail and Babcock & Brown Rail. He played a major role in establishing a rail operating lease platform at both CIT Rail and Babcock &Brown with primary responsibilities for fleet acquisitions, marketing and customer service."
Joe McCready has joined United States Capital Corporation, Crystal Lake, Illinois, as Director, Business Development. Previously he was regional relationship manager, Mercury Payment Systems (July, 2011-Present), merchant services account executive, PNC Financial Services Group (November, 2009-July, 2011), small business advisor, Illinois Small Business Development Center at the college of Lake County (July, 2009-April, 2011), senior business banking manager, TCF National Bank (August, 2005-July, 2009). Temple University, BA, Communications (1987 – 1991), Wesley College (1985 – 1987).
Mike Mozer has been appointed General Counsel and National Account Manager for Creekridge Capital. He previously "...served as General Counsel for several finance companies. Mozer will report to Mike Jones, Senior Vice President at Creekridge. As General Counsel and National Account Manager, Mozer will work from Creekridge's Minneapolis office.
Lori Wilson was promoted to Major Account Program Group for LEAF Commercial Capital, Moberly, Missouri. "Wilson has been with LEAF since November 2006. She was most recently the director of Sales and in January 2012, due to her ability to assist LEAF’s partners in maximizing their lease financing programs, was promoted to the Major Account Programs Group as the director of Major Account Program Development. This new role will allow her to build on the valuable manufacturer relationships she has developed at LEAF and throughout her career." Previously she was vice-president, Director of Originations, Citicapital (1991-2006). Truman State University (1977 – 1981). http://www.linkedin.com/pub/lori-wilson/1a/2/8a1
Why the Evergreen Clause is important to Marlin Leasing
The point of this article is to present my opinion pointing out the numbers that the main support comes from Evergreen and Winter Green clauses; primarily it appears from copier leases. While this is legal in the majority of states not to notify the lessee regarding the end of the original contract, it certainly does not speak well of our industry who supports such insincerity.
Investors in Leasing ("MRL"), Marlin Business Services, Mount Laurel, New Jersey should be warned that if California changes the laws to notify lessees regarding the end of the term of the lease, and New York starts to enforce is provisions, it will dramatically affect Marlin’s bottom line. * The largest state portions of Marlin business comes from California 11% and New York 10%.
(page 8, SEC filing)
If Philadelphia changes its position, where Marlin, does documentation because in New Jersey it could be considered usurious, it would make them most likely move the operation to perhaps North Dakota or Colorado. But then again, as more states are amending Evergreen Clauses, perhaps in the next few years, it will be mandatory to notify lessees about when their lease contract ends (and the options they may have.)
The 10K year-end was filed March 8, 2012 filed and as stated from the announcement of profits in the February 24, 2012 edition of Leasing News, the full story comes from this SEC filing. This article is not going to go into the officer's salary, remuneration, awarding and exercising of stock options
Leasing News has followed this company from changing from a broker (indirect) to a direct leasing company.
The filing reports on page 3 it is now 7% brokers, 93% direct origination channels, and sales account executives are the main thrust today as there appears no increase in the indirect or broker direction.
(Page 48, SEC filing)
"Our leases generally include renewal provisions and many leases continue beyond their initial contractual term. Based on the Company’s experience, the amount of ultimate realization of the residual value tends to relate more to the customer’s election at the end of the lease term to enter into a renewal period, purchase the leased equipment or return the leased equipment than it does to the equipment type. We consider renewal income a component of residual performance. Renewal income, net of depreciation, totaled approximately $7.5 million, $7.7 million and $7.2 million for the years ended December 31, 2011, 2010 and 2009, respectively. "
This is significant as 2011 net income was $6.1 million, 2010 was $5.6 million and 2009 was 2009.
In addition to the extra payments, the residuals also turned a good profit, which is expected, but not the match that 66% are one dollar:
"Our leases offer our end user customers the option to own the equipment at lease expiration. As of December 31, 2011, approximately 66% of our leases were one dollar purchase option leases, 31% were fair market value leases and 3% were fixed purchase option leases, the latter of which typically contain an end-of-term purchase option equal to 10% of the original equipment cost. As of December 31, 2011, there were $32.7 million of residual assets retained on our Consolidated Balance Sheet, of which $26.5 million, or 80.9%, were related to copiers. As of December 31, 2010, there were $37.3 million of residual assets retained on our Consolidated Balance Sheet, of which $30.6 million, or 82.0%, were related to copiers... Improvements in technology and other market changes, particularly in copiers, could adversely impact our ability to realize the recorded residual values of this equipment.
"Fee income included approximately $4.7 million, $5.1 million and $5.4 million of net residual income for the years ended December 31, 2011, 2010 and 2009, respectively. Net residual income includes income from lease renewals and gains and losses on the realization of residual values of leased equipment disposed at the end of term as further described below."
The point is not the residual profit, but again the nature of the equipment: "82% were related to copiers."
Another profit producers is insurance, based on their company in tax free Bermuda:
"Property Insurance on Leased Equipment. Our lease agreements specifically require the end user customers to obtain all-risk property insurance in an amount equal to the replacement value of the equipment and to designate us as the loss payee on the policy. If the end user customer already has a commercial property policy for its business, it can satisfy its obligation under the lease by delivering a certificate of insurance that evidences us as a loss payee under that policy. At December 31, 2011, approximately 57% of our end user customers insured the equipment under their existing policies. For the others, we offer an insurance product through a master property insurance policy underwritten by a third-party national insurance company that is licensed to write insurance under our program in all 50 states and the District of Columbia. This master policy names us as the beneficiary for all of the equipment insured under the policy and provides all-risk coverage for the replacement cost of the equipment.
"In May 2000, we established AssuranceOne, our Bermuda-based, wholly-owned captive insurance subsidiary, to enter into a reinsurance contract with the issuer of the master property insurance policy. Under this contract, AssuranceOne reinsures 100% of the risk under the master policy, and the issuing insurer pays AssuranceOne the policy premiums, less claims, premium tax and a ceding fee based on a percentage of annual net premiums written. The reinsurance contract was scheduled to expire in May 2012; however, in February 2012, the reinsurance contract was extended through May 2015. On January 27, 2010, pursuant to an application filed with the Bermuda Monetary Authority, AssuranceOne changed from a Class 1 insurer to a Class 3 insurer under the Bermuda Insurance Act of 1978, as amended. As a Class 3 insurer, AssuranceOne is permitted to collect up to 50% of its premiums in connection with insurance coverage on equipment unrelated to the Company, meaning that, through AssuranceOne, we may offer an insurance product to cover equipment not otherwise financed through the Company. During the year ended December 31, 2011, income recognized in connection with our insurance product covering equipment not financed through the Company comprised approximately $0.1 million of our total insurance income of $3.8 million."
Numbers also show an increase
click for larger (Page 48, SEC Filing)
"NOTE 16 – Stock-Based Compensation
"Under the terms of the 2003 Plan, employees, certain consultants and advisors and non-employee members of the Company’s Board of Directors have the opportunity to receive incentive and nonqualified grants of stock options, stock appreciation rights, restricted stock and other equity-based awards as approved by the Company’s Board of Directors. These award programs are used to attract, retain and motivate employees and to encourage individuals in key management roles to retain stock. The Company has a policy of issuing new shares to satisfy awards under the 2003 Plan. The aggregate number of shares under the 2003 Plan that may be issued pursuant to stock options or restricted stock grants is 3,300,000. Not more than 1,650,000 of such shares shall be available for issuance as restricted stock grants. There were 221,821 shares available for future grants under the 2003 Plan as of December 31, 2011, of which 81,492 shares were available to be issued as restricted stock grants.
"Total stock-based compensation expense was $2.3 million, $2.6 million and $1.5 million for the years ended December 31, 2011, 2010 and 2009, respectively. Excess tax benefits from stock-based payment arrangements decreased cash provided by operating activities and increased cash provided by financing activities by $1.3 million, $0.1 million and $0.1 million for the years ended December 31, 2011, 2010 and 2009, respectively."
* States that require notification regarding end of contract.
(Consumer, may affect commercial, especially a proprietorship,
partnership or personal guarantee)
### Press Release ############################
The Alta Group Closes $50 Million Funding for CLE Leasing in Canada
WINNIPEG, MANITOBA,-- Hugh Swandel, senior managing director of The Alta Group in Canada, announced the establishment of a $50 million facility for CLE Leasing, an independent provider of equipment leasing and financing to businesses across Canada.
TAO Asset Management (TAO) and its funding partners also had a role in the facility closing.
“The Alta Group provided critical support to CLE Leasing in all phases of preparation, identifying funding providers and negotiating facility terms,” said Luc Robitaille, president of CLE. “Alta’s assistance and experience was a clear benefit to us.”
“CLE’s strong financial and portfolio performance over many years was critical,” James Joyce, senior vice president at TAO Asset Management, said. “Their consistent results made this company a very desirable client for TAO and our partners.”
Based in Quebec, CLE has been serving small and medium-sized companies since 1979, and has supported manufacturers in health, transportation, and the food service industry. CLE is experiencing rapid growth, and this facility adds key diversification of funding sources along with a committed facility that provides certainty of funding into the future.
CLE is representative of many long-term Alta clients. “Alta was very impressed with the management strength and long-term financial performance of CLE,” stated Swandel, adding:
“CLE was well prepared to withstand the pressure of the recent recession and they are poised for significant additional growth.”
Alta initiated the transaction and served as exclusive financial advisor to CLE Leasing. The Alta Group is a global consulting firm with worldwide offices and an experienced merger and acquisition practice area composed of proven and experienced executives with prior experience in leading equipment leasing and finance companies. Established in 1992, The Alta Group also has practice areas in captive and vendor finance, professional development, and management consulting.
#### Press Release #############################
The British Are Coming to Tacoma Car Museum
“British Invasion” exhibit at America’s Car Museum’s grand opening will feature cars and motorcycles from across the pond
1965 British Racing Green Lotus
TACOMA, Wash. – From the Beatles to Bond, “swinging ‘60s London” was a time when British fashion, music and automobiles swept across American society. LeMay – America’s Car Museum (ACM) has developed an exhibit to commemorate this Cultural Revolution, which will debut at the museum’s grand opening on Saturday, June 2.
“The British Invasion” display will feature some of England’s most notable vehicles, including Mini, MG, Austin-Healy, Triumph, Jaguar and 007’s iconic Aston Martin.
“This exhibit celebrates that magical time when British culture exploded onto the American scene.” says Scot Keller, ACM chief marketing and communications officer. “And just for fun, there will be a nod to the Mods and Rockers and their café bikes that buzzed around the streets of London in the `60s.”
Even the English race cars had flair, as evidenced by ACM’s 1965 British Racing Green Lotus, symbolic of the period’s open-wheel racing. Donated by John and Marilyn Dimmer, this classic racer, of which only 22 were made, will be front and center in the display.
“We’ve enjoyed competing with this car for many years, but it’s time to let others enjoy it,” said John Dimmer, whose family has driven the Lotus in numerous vintage racing events, including the Tasman Revival in Australia and the Goodwood Circuit Revival Meeting in England. “This car is a beautiful representation of 1960s racing. I’m delighted it has found a home at ACM.”
The Tacoma-based museum, which will house up to 500 vintage cars, trucks and motorcycles, is dedicated to preserving and highlighting America’s love affair with the automobile. Sitting on a nine-acre campus overlooking Tacoma’s Foss Waterway, the four-level, 165,000 square-foot facility will host concerts, collector car shows and drive-in movies in the coming year, and is already serving as the site for conventions, corporate meetings and events.
For more information, visit www.lemaymuseum.org.
ABOUT America’s Car Museum (www.lemaymuseum.org)
State Farm Presents LeMay – America’s Car Museum, set for a June 2012 opening in downtown Tacoma, Wash., explores how the automobile has fulfilled a distinctive role at the core of the American experience and shaped our society. The spacious Museum with rotating exhibits is designed to be the centerpiece for automotive history as well as an educational center and library. The campus, located adjacent to the Tacoma Dome, also contains a 3.5-acre show field, theatre, café, banquet hall and meeting facilities. To become an ACM member, volunteer or make a donation, visit (www.lemaymuseum.org)
##### Press Release ############################
"Raven is a beautiful lab. She has the most beautiful shinny black coat and soft brown eyes. She is gorgeous.
"Raven is very playful and knows basic commands"
Animal Sanctuary Society, Inc.
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
The comedy “Friends with Kids” and the animated musical “Dr. Seuss’ The Lorax” make for an engaging pair of theater releases, while DVD releases give viewers a chance to catch up with new Oscar winners (“The Descendants”), nominees (“My Week with Marilyn”) and should-have-been-nominees (“Melancholia”).
Friends with Kids (Roadside Attractions): Audiences who made "Bridesmaids" one of last year's runaway hits will want to check out this new ensemble comedy, which has much of that movie's risqué humor along with much of its cast, too. Like the earlier film, it chronicles the ways in which a sudden turn of events in a woman's life affects a close group of friends. The difference is that the events here deal not with an impending wedding, but impending children. At the story's center are Julie (Jennifer Westfeldt, who also directed) and Jason (Adam Scott), best pals whose desire to have a baby without really becoming a couple forces them to take a closer look at their relationship. Kristin Wiig, Maya Rudolph and Jon Hamm lend solid comic supporting turns in this engaging and at times insightful look at parenthood.
Dr. Seuss’ The Lorax (IMAX): Following up on his 2010 hit “Despicable Me” with another cavalcade of splashy 3D animation, Chris Renaud teams up with co-director Kyle Balda for a visually ticklish adaptation of Dr. Seuss’ beloved short story. Set in a land where natural life has all but vanished, the plot follows the adventures of Ted (voiced by Zac Efron), a 12-year-old boy who, in order to impress his girlfriend Audrey (Taylor Swift), sets out to track down the Lorax (Danny DeVito). A cranky creature bent on restoring the environment to its original splendor, the Lorax seems like an unlikely partner for Ted, yet the two are soon learning lessons about each other’s worlds. Full of catchy songs and noble morals, this is a colorful rollercoaster with a message.
The Descendants (Fox): Following a seven-year absence from the screen, Oscar-winner Alexander Payne ("Sideways") returns with this perceptive comedy-drama, which won an Academy Award for Best Adapted Screenplay. George Clooney stars as Matt King, a Hawaiian landowner whose life is suddenly turned upside down when his wife (Patricia Hastie) goes into a coma after a skiing accident. Finding himself with two daughters (Shailene Woodley, Amara Miller) he knows little about, he's further startled by news that his wife was having an affair. Over the course of a trip from Oahu to Kauai, he starts to contemplate his life and career, leading to some unexpected emotional decisions. By turns poignant and humorous but always human, Payne's film combines the natural beauty of Hawaii with a tough-minded look at relationships.
My Week with Marilyn (Anchor Bay): To step into shoes of a legend is a risky gambit, but to Michelle Williams it was a rewarding one as her performance as Marilyn Monroe received an Oscar nomination. Taking place in England over the summer of 1953, the film is a warm and affecting account of blossoming love and movie-star adoration told from the wide-eyed vantage point of Colin (Eddie Redmayne), a young man who gets a job working in a movie starring none other the blonde bombshell from the States. In between professional spats with her director and co-star Laurence Olivier (Kenneth Branagh) and struggle with oversensitivity and insecurity, Marilyn gets to form a surprising bond with Colin. Julia Ormond, Judi Dench and "Harry Potter's" Emma Watson also star in this light charmer, directed by Simon Curtis.
Melancholia (Magnolia): Always ready to rattle cinema's collective cage, veteran Danish bad-boy Lars Von Trier offers another prime slice of provocation with this challenging but deeply affecting tale about the literal end of the world. The story focuses on two sisters, Justine (Kirsten Dunst) and Claire (Charlotte Gainsbourg), and how they react as they learn that the Earth is on a collision course with another planet. Though this sounds like a science-fiction gimmick, this interplanetary apocalypse is really a jumping-off point for Von Trier to ponder human interactions through a glass darkly, composing unforgettable moments of horror and ecstasy in the process. Though it may strike some viewers as heavy going, this well-acted and visually stunning movie presents a one-of-a-kind vision that's hard to shake off.
(Leasing News provides this ad as a trade for investigations
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This Day in History
1451-Amerigo Vespucci, Italian navigator, was born. The continents of America were named after him ( America is the latin version of his name used on maps in its day.)Italian navigator, merchant and explorer for whom the Americas were named. He participated in at least two expeditions between 1499 and 1502 which took him to the coast of South America. Vespuccis expeditions were of great importance because he believed that he had discovered a new continent, not just a new route to the Orient. Neither Vespucci nor his exploits achieved the fame of Columbus, but the New World was to be named for Amerigo Vespucci by an obscure German geographer and map maker, Martin Waldseemuller. Ironically, in his work as an outfitter of ships, Vespucci had been personally acquainted with Christopher Columbus
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