Add me to mailing list | Change email  Search
Advertising | All Lists | Archives | Classified Ads | This Day In American History

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

Monday, March 31, 2014

Today's Equipment Leasing Headlines

Update--Kevin M. Collins, CLP, Passes away
 Classified Ads---Sales
  Introduction to Next Two Columns by Editor
 Leasing 102 by Mr. Terry Winders, CLP
  Interim Rent
   Interim Rent: Proper Accounting Function for
    Short Term Advances --- Or Is It a Scam?
     By Tom McCurnin, Leasing News Legal News Editor
      Classified Ads---Help Wanted
 “I’ve Been Out of Job Market a While…”
   Career Crossroad---By Emily Fitzpatrick/RII
    Companies who notify lessee in advance
     of lease expiration
      Direct Visitors Gold Standard for News’ Websites
       Channel Partners Last 20 Deals
     Top Stories March 24---March 28
      (You May Have Missed One)
       Leasing News Display Advertising
        Labrador Retriever Mix
         Louisville, Kentucky Adopt-a-Dog
          Classified ads—Asset Management
News Briefs---
Top 100 public pension fund assets reach new record, up 12.5% in 2013
 Inflation and Interest rates: Up, Up and Away
  The Global Intercloud: A Whole New Ball Game for Cisco
   Axis Bank to open 750 urban branches over next two years

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)

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

######## 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.

Please send to a colleague and ask them to subscribe.
We are free.



Update--Kevin M. Collins, CLP, Passes away

Leasing News was informed by Reid Raykovich, CLP, Executive Director of the Certified Leasing Professional Foundation that Mr. Collins was a CLP, which then was able then to obtain a more accurate biography and current photograph:

He was Senior Business Development Manager, Marlin Business Services Corp., joining the firm July, 2012. Prior he was Business Development Officer (Healthcare), TCF Equipment Finance (July, 2011–July, 2012); Founder & Networking Leader - Helping others succeed!, Professional Leadership Group (August, 2007–October, 2011); Trusted Advisor/Vendor Financing Sales - Medical Devices, Software, & IT, Wynn Consulting (September, 2009–July, 2011); National Account Manager - Enterprise Sales/Strategic Accounts (Vendor), FirstCorp (IFC Credit purchased the company) (October,2003–July 2009); President/Owner, Wynn Consulting (December, 2001–October, 2003); Dir/Enterprise Channel Sales & Strategic Accounts, Bombardier Capital (August, 1998–August, 2001); National Sales Manager - Vendor Financing, GE Capital (August 1997–July 1998); Organization: Certified Leasing Professional Foundation (2004-present). Education: Education: Lake Forest Graduate School of Management, Executive MBA (honors), Business Administration (1991–1993); Bowling Green State University, BSBA, Marketing. Honors & Awards

- "Top Gun Award" (8 times) for annual top volume/profit performance. 
- "Presidents Club" (11 times) for annual sales or sales management volume performance
- "Salesperson of the quarter" (6 times),
- Completed S.P.I.N. (SPIN) Sales Training Course
- Completed GE executive courses: Six Sigma Quality Training, Credit Underwriting and Analysis, and Accelerating Leadership Performance.
- Active volunteer participant: Barrington Youth Programs, CareerPlace (Sales and Motivation Training), Uncork Barrington.

“I am active within my community as a volunteer; I split my available time between CareerPlace (a non-profit job search organization), Uncork Barrington (a non-profit organization that provides support to local charities), PADS for the homeless and my church. As a consultant within the industry I have been published in the CLP Foundation Periodicals and DotMed News. I founded two of my own organizations - KMR Investment Group Ltd & Professional Leadership Group (Executive Networking)”


Kevin M. Collins, CLP, born June 14, 1957, in Chicago, Illinois, passed away peacefully March 22, 2014, surrounded by his loving family. Kevin is survived by his fiancé, Celeste Minella; children, Nicole and Ryan Collins; father, Robert Collins; siblings, Robert (Mary) Collins, Daniel (late Tamera) Collins, Therese (Kevin) Kramer, Mary (Robert) Coleman and Brian (Heather) Collins. He was preceded in death by his mother, Mary Collins. In Memory and in Celebration of Kevin Collins, who made this world a brighter and better place, visitation will be held from 6pm until the time of the memorial mass at 8pm Tuesday, March 25 at St. Anne Catholic Church, 120 N. Ela Street (corner of Franklin and Ela Streets), Barrington. Interment will be private. In lieu of flowers memorial donations in Kevin's name may be made to JourneyCare Foundation, 405 Lake Zurich Road, Barrington, IL 60010. Condolences may be sent to the family at Call 847-381-3411 for information. - See more at:


Classified Ads---Sales

(These ads are “free” to those seeking employment or looking
to improve their position)

Boston, Mass.
Accomplished Sales & Relationship Management Professional with business development experience in the financial services industry. Recognized by market leaders as industry expert in Professional Practice financing, as well as Residential Mortgage Lending. Keen insight and understanding of transaction process and financial requirements of customer. Proven record of exceeding sales goals.
Work Remotely
Business Development - Are you looking to enter/increase your Healthcare lending? Let me identify and qualify healthcare (all verticals) vendors, distributors, and end users who utilize leasing/financing as a tool to sell equipment for you. Many years experience - contact Mitchell Utz at or 
(215) 460-4483.

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:



Introduction to Next Two Columns by Editor

Perhaps it was about the quarterly payment interim rent that the Papa Murphy's franchisee complaint of overpayment was about. The residual not being “fair market value” was resolved. After posting the Bulletin Board Complaint, I asked Leasing #102 columnist Mr. Terry Winders, CLP, to write a column defining "Interim" rent, as well Leasing News Legal Editor Tom McCurnin about the legal issues involved. Their expertise on the matter follows.

Christopher "Kit" Menkin, editor

Balboa Capital Papa Murphy's Bulletin Board Complaint



Leasing 102
by Mr. Terry Winders, CLP

Interim Rent

There is a difference between a loan and a lease regarding when income begins. Interest on a loan begins when the money is received by the customer. Leasing is payment for use and therefore the lease payment begins when the lessee puts the equipment to “use”. This has nothing to do with when the lessor actually pays for the equipment. A lessor may get terms from the vendor and not have to pay the vendor for some agreed upon time. In addition, the vendor may require an advance payment or specific terms of payment.

In most cases, the interim rent is additional profit, and it increases when quarterly payments are used rather than monthly payments.

Income to a lessor has to do with when the lease payments start (cash in-flow) and when the lessor pays for the equipment (cash out-flow). In addition, what can the lessor do to increase cash in-flow as it relates to cash out-flow? Also, booking the lease with payments in “arrears” or in “advance” changes the yield, as well as when the actual stream of payments are due.

Please remember the importance of “for use” because the lessee must begin the lease payment when the equipment is put to use. If the lessee wants to have the payments on a specific day of the month, then you take the monthly payment and divide it by thirty days to obtain a daily amount and multiply it by the number of days between the date the equipment is put into use (acceptance date) and the preferred due date to calculate an interim amount.

Usually the interim amount is collected on the second payment because the first payment is paid in advance and the actual acceptance date is unknown until it happens. It can also be billed separately.

In a loan there are some interest only periods, however the lender’s rate or income does not change. In a lease, the lease interim is a combination of lease rate and equipment cost, so it increases the lessors return.

When there are many pieces of equipment, usually they are delivered over a specific period of time. The lease does not begin until the last piece of equipment is delivered, so there needs to be a partial payment on each piece of equipment that is put into use, calculated from the date of “first use.” These payments are called interim payments and they do not affect the actual payment that was agreed upon.

Interim payments have a major impact on the lessor’s yield because the cash received in advance of the start of the lease reduces the amount the lessor has to fund; therefore cash-in vs cash-out raises the return.

You do have to be careful if you are doing an Article 9 lease because in States that have “usury” restrictions, any interims received will be added in for total interest calculations. One of the advantages of an Article 2A true lease is there is no usury because it is not a loan, it is a payment for use.

Interim payments have a nice increase in yield for the lessor, but you need to cover both the payment date interim and the early delivery interim in the language of the lease contract. If you do not have this language, contact your attorney or email me and I will send it to you.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at or 502-649-0448

He invites your questions and queries.

Previous #102 Columns:

Mr. Terry Winders available as Expert Witness. 35 years as a professional instructor to the top equipment leasing and finance companies in the United States, author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.

Mr. Winders received his Master of Business Administration and his Bachelor of Science degrees from the College of Notre Dame.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)



Interim Rent: Proper Accounting Function for
Short Term Advances --- Or Is It a Scam?
By Tom McCurnin
Leasing News Legal News Editor

Interim Rent is Legal in Most States that Have Considered the Matter
---But the Provision Has to be Fair, Clear and Unambiguous

Interim rent is the vehicle to compensate the equipment lessor for the time between the deliveries of the equipment (usually coincides with funding) and the first regularly scheduled lease payment. Today’s article will discuss whether the practice is legal and how the lessor can maximize the revenue from this cash cow.

In re Edison Brother Store, 207 B.R. 801 (Bankr. Del. 1997)
Amplicon v Marshfield Clinic, 786 F.Supp. 1469 (W.D. Wisc. 1992)
All-Luminum Products, Inc. v Winthrop Resources, 28 Fed. App. 611 (8th Cir. 2002)
Underwriters Laboratories v Solarcom, (n.D. Ill. 2002).

Historical Application of Interim Rent

When I first entered leasing, interim rent was simply a matter of taking a single payment and dividing it by 30, then multiplying it by the number of days between the delivery and acceptance certificate and the next month’s payment, usually no longer than 29 days. Other lessors used the date of funding the invoice, which was generally within a day or two of the delivery, as the first day of interim rent. To my knowledge, interim rent rarely exceeded a month.

Some bright leasing executive figured out that because the interim rent was less than one of the stated monthly payments, the revenue would not reduce the balance on the equipment lease, and was therefore, 100% pure profit (except for cost of funds). It didn’t take long for lessors to figure out that increasing the time period of interim rent beyond the one month period would a windfall to the lessor. Enter the doctrine of quarterly payments.

Quarterly Payments

The equipment lessor Amplicon first used quarterly payments and interim rent in 1992. It was sued over the practice and, in a reported decision out of Wisconsin, the application of interim rent and quarterly payments was upheld.

The lessor’s sales pitch goes something like this:

Salespersons get the lessee on the phone and tell the lessee that “for the lessee’s convenience ” the lessor will agree” to quarterly payments on the leased equipment, so the lessee is no longer bothered with monthly checks. What the salesperson doesn’t tell the lessee is that the lessor will charge the lessee interim rent for the period between funding and the first payment, which could be as long as 89 days. The salesperson also doesn’t tell the lessee that the interim rent payment will not be credited against the account and does not reduce the lease balance.

The lessee gets a standard lease document which contains an interim rent provision, generally pays no attention to it, and signs the lease. When the lessee figures out that it just threw three months’ worth of payments down the drain, the lessor points to the provision which the lessee signed, and it’s all over but the crying.

In the Amplicon case referenced above, the lessee claimed that the interim rent provision was unfair. A heartless Wisconsin Federal Judge simply ruled that the issue was a matter of contract, and since the provision was clear and unambiguous, it would therefore be enforceable. It’s hard to disagree with this logic, because if the lessee doesn’t read or understand a commercial lease agreement, is it really the lessor’s duty to explain the minefields in the lease document?

The Legality of Interim Rent—Interim Rent Upheld

The issue of interim rent is not addressed in the Uniform Commercial Code, neither in Article 9 nor in Article 2A. The Code drafters were wise not to get bogged down in details and avoided legislating every aspect of equipment leases, so interim rent was left to contract provisions.

Cases interpreting interim rent have been kind
to the practice of interim rent.

In the Edison Brothers case above, the lessee claimed that interim rent was merely a device to increase the lessor’s yield. The Court disagreed, holding that it compensated the lessor for the lessee’s use of the equipment from installation until the date of the first payment.

In the All Luminum decision, the lessee argued that since the lease had a 7% yield, the 8th Circuit should essentially re-write the lease to lower interim rent to an interest only number. The court declined to do so.

Interim Rent Provisions Struck Down

The only case which casts doubt on the use of interim rent provisions is the Illinois decision of Underwriters. The facts of the Underwriters decision are interesting. Underwriters Labs (yes the same company that tests electrical fixtures) leased an enormous amount of solar equipment from the lessor Solarcom.

The lessee claimed that the lessee was promised by a salesperson that the quarterly payments would be all that would be owed, and no other payments would be collected. When the lessee received an invoice of $930,000 for interim rent, it offered to pay the lessor interest only on the obligation but balked at paying the huge interim rent amount. When the lessor refused the offer, the lessee sued.

The lessor filed a motion to dismiss. In considering the motion, the Court was troubled by the large interim rent provision. The court was further troubled by the nature of the transaction, an Article 9 lease, essentially a loan of money, yet the lessor expressed the obligation in the financial terms of a lease. The court noted that “If the parties had used documents tailored to the nature of the transaction—the lending of money—and had included a clause specifying that interest was payable at a specified rate for the period from the date the funds were advanced to the beginning of the quarterly period, [the lessee] would have nothing to complain about.” Consequently, the Court denied the lessor’s motion to dismiss. Although not covered by the opinion, the interim rent provision in the lessor’s lease is a little vague in my opinion.

I don’t think that the Underwriters case is necessarily an aberration, as bad facts make bad law. The salesman may have misrepresented the transaction and the lessor’s documents were not terribly clear. It should be noted that the case settled a little over 90 days after this decision was rendered, so a compromise must have been reached.

Lessons for the Equipment Lessor

I have yet to find a case in which interim rent was charged on a monthly contract and was struck down. So for the vast majority of equipment lessors that use interim rent for its intended purposes, you should rest easy tonight. However, the Underwriters case should give the equipment lessor some pause.

First, let’s be honest here—quarterly payments and an interim rent provision is not for the convenience of the customer—it is almost 100% pure profit. If the lessor socks a lessee with 89 days’ worth of interim rent, do you think the lessor will get that repeat business from that lessee?

Second, if your company is drafting an interim rent provision, make it clear and unambiguous, so a high school senior could understand the provision. For those judges who defer to contractual provisions, this may carry the day.

Third, if a complaint regarding interim rent is received, have in place a structure to elevate the complaint to somebody who understands litigation and risk. Since the interim rent is almost 100% pure profit, the lessor can afford to be magnanimous.

Fourth, sales personnel should obviously not misrepresent the contents of a lease, nor make contradictory statements about the intent of the lessor or the effect of a particular clause. I’ve often thought that sales conversations should be recorded so the issue of misrepresentation can be settled once and for all.

Finally, lessees should obviously read contracts before signing them, and quite frankly, the issue of interim rent and quarterly payments is such a loaded issue, that red flags should be raised.

The bottom line to interim rent is that the vast majority of lessors use it for its intended purpose—to compensate the lessor for the time period between funding and the first schedule payment, usually 29 days or less. However, when quarterly payments are coupled with interim rent, the lessor’s profit and risk increases significantly.

All-Luminum Case

Amplicon Case

Edison Case

Underwriters Case

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at

Previous Tom McCurnin Articles:



Leasing Industry Help Wanted


Credit Manager
Fort Collins, Colorado

Responsible for the daily management of the underwriting efforts in the credit department on transactions up to $75,000 Click here for more informationn
-Est. 1982, specializing in the under $75,000
marketplace to smaller, closely-held businesses--




I’ve Been Out of Job Market a While…”
Career Crossroad---By Emily Fitzpatrick/RII

Question: I have been out of the job market for a while and am nervous about my new career search – any insights?

Answer: This fear is normal when an individual either enters the job market for the first time or reenters after an absence. If entering for the first time, a feeling of apprehension about facing a new challenge is normal. If you are entering the job market after being away for a while, concerns will be geared toward current market conditions and your marketability.

As compnies became lean and/or more competitive, layers of middle management and staff functions were eliminated. Some companies just disappeared (poof) leaving many out of the work force for a short period and for many, a very long time.

Ask Yourself

  • Is the job market more difficult now than when you last searched for a job?

    • 2nd Q 2014 looks promising!

  • Will I be able to secure a position within a given time frame?

    • Goal from submittal of your resume to an offer (ideally) = two weeks; larger corporations (ideally) = 3-4 weeks; time frame dependent on many factor

  • How do I approach a job interview in this climate?

    • Assertively

  • Am I too young/old, inexperienced / overqualified, generalized / specialized?
    • Prepare; while out of work education / training should have taken precedence.
  • Am I marketable?
    • If you make yourself so … you have many positive attributes.

Take the time to address each of the five items above ideally with your Career Consultant / Recruiter. Your fear / anxiety can be overcome; preparation, along with developing interview skills and strategies will build the self-confidence needed to face this challenge

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone: 954-885-9241
Cell: 954-612-0567
Invite me to Connect on LinkedIn
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns


Companies who notify lessee in advance
of lease expiration

These companies do not use language to confuse, perhaps to deceive, with the result an automatic continuation for an additional twelve months of payments. They do not invoke the twelve months on a $1.00 purchase option or an Equipment Finance Agreement.

In its editorial of June 30, 2011, Leasing News recommends that the equipment lessor send a certified letter with return receipt; however, at this time, the acceptance of the word of the president of the company will be accepted until proven otherwise.

ABCO Leasing
Advantage Funding
Agility Ventures LLC
Allegiant Partners
American Leasefund, Inc.
BancLease Acceptance Corporation 
Bank of Ozarks Leasing 
Bankers Capital
Bank of the West, Indirect Equipment Finance 
Black Rock Capital
BSB Leasing
Capital Technology & Leasing, LLC
Cobra Capital, LLC
Commerce National Bank
Dakota Financial, LLC
Direct Capital

Financial Pacific Leasing
Five Point Capital, In
Forum Financial Services, Inc.
Gonor Funding

GreatAmerica Financial
Innovative Lease Services, Inc.
Madison Capital
Macrolease Corporation 
Manufacturer's Lease Plans, Inc
Mesa Leasing
Maxim Commercial Capital
Mount Pleasant Capital
National Machine Tool Financial Corporation
Navitas Lease Corp. 
Northwest Leasing Company
P&L Capital Corporation 
Pacifica Capital 
Padco Financial Services
Pawnee Leasing Corporation

Southern California Leasing, Inc
Specialty Funding, Albuquerque, New Mexico
Standard Professional Services, LLC
Stoddard & Associates 
TEAM Funding Solutions


(Click on name or go to full list:)

((Please click on ad to learn more))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)






Top Stories March 24---March 28
(You May Have Missed One)

Here are the top stories opened by readers:

(1) Balboa Capital Papa Murphy’s Bulletin Board Complaint
By Christopher Menkin

(2) “A Great Time to be in the Equipment Leasing Industry”
By Bruce Kropschot, The Alta Group

(3) Kevin M. Collins, CLP, Passes away

(4) Dallin Hawkins Gives His Side Posted on

(5) Pictures from the Past---1997---Victor Harris

(6) Leasing 102 by Mr. Terry Winders, CLP
"Bank Leads"

(7) New Hires---Promotions

(8) “Competition Today for Jobs in Leasing”
Career Crossroad---By Emily Fitzpatrick/RII

(Tie) (9) "Commitment to Lease" Agreements

(Tie) (9) When Can You Keep the Advance or Deposit?

(10) All Madoff Victims under $925,000 to be Satisfied in Full





Display Advertising

The editor tries to place banner ads where they will be read by those the advertisers want to reach, rather than placed at random. News stories that will have an “ill” effect are avoided as best as possible. Often it is the position of the banner ad that attracts more response. This is at the sole discretion of the editor.

Samples of ads follow as well as the Rate Card:

Display Ad Sizes 

6.5W X 2.5 H - 468W X 180H 
21 days

6.5W X 4" H - 468W X 288H 
21 days


6.5W X 5" H - 468W X 360H 
21 days

Rate Card

Display Ad

Web Display Advertising
Ad Size
Pixels Size
6.5" W X 2.5" H
468W X 180H
21 days
6.5" W X 4" H
468W X 288H
21 days
6.5" W x 5"H
468W X 360H
21 days

These display ads appear below the headline section and Constant Contact News Edition
in a chronological order
 at the discretion of the editor or are placed by the editor 
in appropriate articles to gain the maximum attention.

- All design work is free. 
- Clicking to a web site or another page is free. 
- If design work sent, please send jpeg or gif and with right click of mouse, please check pixel size of ad.

Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board. 



Labrador Retriever Mix
Louisville, Kentucky Adopt-a-Dog


Lucky (I'm a STAR) (P.R.O.U.D. Graduate)
Animal ID: 20856298
Breed: Retriever, Labrador/Mix
Age: 3 years 7 months 1 day
Sex: Male
Size: Large
Color Black
Declawed: No
Site: Main Campus, 241 Steedly Drive
Location: Dog Adoptions - Kennel 1
Intake Date 1/22/2014
Adoption Price: $155.00
Stage Available - P.R.O.U.D. program

Kentucky Humane Society
(502) 366-3355
241 Steedly Drive
Louisville, KY 40214
FAX (502) 366-3653

Adoptions: Open 7 Days a Week, 11 a.m. to 6 p.m.
Admissions: Monday - Saturday, 8:30 a.m. to 6 p.m.;
Sunday, 11 a.m. to 6 p.m.
Appointments available 11 a.m. to 5 p.m.

Adopt a Pet




Classified ads—Asset Management

Leasing Industry Outsourcing
(Providing Services and Products)

Asset Management: Atlanta, GA
premier provide accounts receivable management functions from 3rd Party contingency collections to Portfolio Purchasing. Contact George Elliott, National Account Manager. 678-694-9063, 

Asset Management: Boston, MA
Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services. 
Call Chris @ 508-785-1277. Email:

Asset Management: Minneapolis, MN
NetSentric provides services to leasing companies: Inspection, Appraisals, Auditing, Warehousing, Repossession, Asset Management, Repairs, Remarketing and Field Service for Electronics and Computing Technology.

Asset Management: Monroe, NC
Recover a greater return on your investment.  We specialize in the woodworking, pallet, sawmill and forestry industries. Meier (704)288-1904 x103
Asset Management: Nationwide 
BUYER/LENDER BEWARE. Don't sign anything until Collateral Verifications Inc. goes onsite, knocks on the door and gets the facts.

Seasoned and fair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management 800-462-7728   


  Asset Management: Orange City, FL
We help Lessors Liquidate un-wanted Assets valued at $750,000+. It's an effective method of Liquidating Assets such as Jets, Planes, Helicopters, Freighters, etc. 
Eric R. Sanders 
Tel  386-789-9441
Asset Storage/Re-Marketing: Ohio & surrounding states. Providing no cost warehousing, condition reports, digital photos and remarketing of off-lease forklifts & industrial equipment. NAFTA wide dealer network. Email to Asset Management
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna
Asset Management:
South East US- AllState Asset Management 
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services. 
Call Brian @ 704-671-2376.
Asset Management: Global
Specializing in Semiconductor and Electronic Test Equipment collateral. Lender services include Consignment Sales, Remarketing, Portfolio Purchases, Inspections, De-installation, Repairs and Warehousing.
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket.

Asset Management: Portsmouth, NH
Unique approach improves results, keeps costs down. Repossession, Storage, Inspection, Legal, Appraisal, Transport, Remarketing. Free advice and resources.Call 855.EENGINE

All "Outsourcing" Classified ads (advertisers are both requested

and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:

(Leasing News provides this ad as a trade for investigations

and background information provided by John Kenny)




News Briefs----

Top 100 public pension fund assets reach new record, up 12.5% in 2013

Inflation and Interest rates: Up, Up and Away

The Global Intercloud: A Whole New Ball Game for Cisco

Axis Bank to open 750 urban branches over next two years


Credit Manager
Fort Collins, Colorado

Responsible for the daily management of the underwriting efforts in the credit department on transactions up to $75,000 Click here for more informationn
-Est. 1982, specializing in the under $75,000
marketplace to smaller, closely-held businesses--




--You May Have Missed It

Best Restaurants in San Francisco Greater Bay Area


SparkPeople--Live Healthier and Longer

A Getting-Started Guide to CSAs
Eating Locally Just Got Easier


Spring Poem

After the Winter


Some day, when trees have shed their leaves
And against the morning’s white
The shivering birds beneath the eaves
Have sheltered for the night,
We’ll turn our faces southward, love,
Toward the summer isle
Where bamboos spire the shafted grove
And wide-mouthed orchids smile.

And we will seek the quiet hill
Where towers the cotton tree,
And leaps the laughing crystal rill,
And works the droning bee.
And we will build a cottage there
Beside an open glade,
With black-ribbed blue-bells blowing near,
And ferns that never fade.



Sports Briefs----

How did Kentucky get to the Final Four

For Napier, the NBA can wait

No crying in baseball, everyone's rich


California Nuts Briefs---

California Drought: San Joaquin Valley sinking as farmers race to tap aquifer

7.5 quake on California fault could be disastrous

Silicon Valley workers want CEOs who make them feel they are on a mission

Yee case started in 2006 after killing of Chinatown leader


“Gimme that Wine”

Which States Drink The Most Wine?

Wine critic Robert M. Parker Jr. to launch a lifestyle magazine for the mega-rich,0,4129912.story#axzz2xD2jyAoG

"Grape Disaster" Declared For Finger Lakes Wine Region clared-for-finger-lakes-wine-regi/23807/MgxXybBzMEGhVTdHFJzHcA

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in History

1492 – Queen Isabella of Castilia & Ferdinand of Aragon expel Jews from Spain. Some leave for South America, and several groups leave for North
America, landing in Florida.
    1777 – A young Abigail Adams encouraged her husband John to give women voting privileges in the new American government. She wrote to her husband on March 31, 1777, while he was a delegate to the Constitutional Convention: “I desire you would remember the ladies and be more generous to them than were your ancestors. Do not put such unlimited power into the hands of husbands. Remember all men would be tyrants if they could. If particular care and attention are not paid to the ladies we are determined to foment a rebellion, and will not hold ourselves bound to obey any laws in which we have no voice or representation.” Twenty years later her husband was a candidate in America’s first real election.
    1871---Millions of birds fly over San Francisco and darken the sky.
    1878--John "Jack" Arthur Johnson birthday.  In 1908, Jack Johnson became the first black to win the heavyweight boxing championship when he defeated Tommy Burns at Sydney, Australia.  Unable to accept a black man's triumph, the boxing world tried to find a white challenger.  Jim Jeffries, former heavyweight title holder, was badgered out of retirement. On July 4, 1910, at Reno, Nevada, the "battle of the century" proved to be a farce when Johnson handily defeated Jeffries. Race riots swept the US and plans to exhibit the film of the fight were canceled.  Johnson was born at Galveston, Texas, and died in an automobile accident June 10, 1945 at Raleigh, NC.  He was inducted in the Boxing Hall of Fame in 1990. The film "The Great White Hope" is based on his life.
   1849 --Colonel John W Geary arrives as 1st postmaster of San Francisco.  He will get a street named after him.
   1854 - In Tokyo, Commodore Matthew Calbraith Perry, representing the U.S. government, signs the Treaty of Kanagawa with the Japanese government, opening the ports of Shimoda and Hakodate to American trade and permitting the establishment of a U.S. consulate in Japan.
   1870 - In the United States, Thomas Peterson-Mundy, Perth Amboy, NJ, became the first black to vote under the Fifteenth Amendment (passed by Congress in February 1870) which required all Southern states to allow blacks to vote.
    1880 - The first electric street lights installed by a municipality were turned on in Wabash, Indiana.
    1890 - Saint Louis, MO, received 20 inches of snow in 24 hours. It was the worst snowstorm of record for the St Louis.
   1895--Birthday of Lizzie Miles, popular black singer in New Orleans and Los Angeles in the 1920's and 30's, developed a style known as "gumbo French" jazz.
   1917---Transfer Day. Commemorates the transfer resulting from purchase of the Virgin Islands by the US from Denmark, for $25 million.
   1918 - Daylight Savings Time went into effect throughout the U.S. for the first time.
   1922- KFI-AM in Los Angeles CA begins radio transmissions.
   1927 – Farm labor organizer/leader Cesar Chavez is born in Yuma, AZ.
    1928 -- Scotch Tape is first sold.
   1929-Birthday of Liz Claiborne, founder, president, CEO and chair, as well as fashion designer of Liz Claiborne, Inc., a billion-dollar corp. Her mother taught her to sew and Liz says instilled ambition in her.
    1930 - The Motion Pictures Production Code is instituted, imposing strict guidelines on the treatment of sex, crime, religion, and violence in film for the next thirty eight years.
    1932 – Birthday of American historical author John Jakes, Chicago.
    1933 – Congress authorized the Civilian Conservation Corps to relieve rampant unemployment. The US unemployment rate reached 25%. In its nine years of existence, the New Deal’s Civilian Conservation Corps had a total of 2.9 million men aged 18 to 25 enrolled. The program was designed to provide jobs for young men in the national forests, conservation programs and national road construction. Enacted as one of President Franklin Roosevelt’s first New Deal programs, it lasted until World War II. At its high point in September 1935, the CCC had 2,514 work camps across the U.S. with 502,000 men enrolled.
   1934-Birthday of Shirley Jones, actor. After a very successful stage career in such musicals as “Oklahoma!” which she brought to the screen in 1955, she won the Academy Award for best supporting actress in “Elmer Gantry” (1960). Best known to a generation for her TV work in “The Partridge Family”.
    1935—Birthday of musician Herb Alpert, born Los Angeles, California.
    1938—Birthday of Hall of Fame Football [Coach?] Player James Earl (Jimmy) Johnson, Dallas, Texas.
   1943---Rogers and Hammerstein's landmark musical, “Oklahoma!”, their first collaboration, opened at the St. James Theatre. It had its world premiere under the title “Away we Go" at the Shubert Theater in New Haven, CT, on March 11, 1943.  “Oklahoma!” is considered significant because it was the first musical in which songs, music, characterization, and story are integrated into an emotional whole.  It changed musicals forever.  It was also the first musical to run more than 2,000 performances and to have a cast album recorded.  Agnes de Mille was the choreographer. It received a special Pulitzer Prize for drama on May 2, 1944.  In May, 1953, "Oklahoma" became that state' official song.
    1943—Birthday of actor Christopher Walken, born Queens, New York.
   1945-Tennessee Williams' "Glass Menagerie" premieres in New York NY.
    1946---Birthday of actor Gabe Kaplan, Brooklyn, NY “Welcome Back, Kotter.”
   1948 -- J. D. Salinger's short story "A Perfect Day for Banana Fish" appears in "The New Yorker".
   1948—Al Gore born Washington, DC; 45th vice president of US (1993-2000), environmental activist, author, documentary filmmaker, and the popular belief that he said he invented the Internet is not true, according to Snopes:
    1949-RCA Victor introduces the 45 rpm single record, which had been in development since 1940. The 7 inch disc was designed to compete with the 33 1/3 LP introduced by Columbia a year earlier. Both formats offered better fidelity and longer playing time than the 78 rpm platter that was currently in use. Advertisements for new record players boasted that with 45 RPM records, the listener could hear up to ten records with speedy, silent, hardly noticeable changes. Remember that the next time you load your iPod.
   1954---Top Hits
Make Love to Me! - Jo Stafford
Wanted - Perry Como
Answer Me, My Love - Nat ‘King’ Cole
Slowly - Webb Pierce
   1954 - The temperature at Rio Grande City, TX, hit 108 degrees, which for thirty years was a U.S. record for the month of March.
  1955- Chase National (3rd largest bank) & Bank of the Manhattan Company (15th largest bank) merge to form Chase Manhattan Bank.
   1958-Chuck Berry's "Johnny B. Goode" is released. It would enter the Billboard chart six weeks later and rise to number 8.
1962---Top Hits
Don’t Break the Heart that Loves You - Connie Francis
Johnny Angel - Shelley Fabares
Dream Baby - Roy Orbison
She’s Got You - Patsy Cline
   1962 - A tornado struck the town of Milton, FL, killing 17 persons and injuring 100 others. It was the worst tornado disaster in Florida history.
   1965-US ordered the 1st combat troops to Vietnam
   1968- President Johnson stunned the country by announcing he would not run for another term of office. “I will not seek nor will I accept the nomination for President of the United States.”
   1970---Top Hits
Bridge Over Troubled Water - Simon & Garfunkel
Let It Be - The Beatles
Instant Karma (We All Shine On) - John Ono Lennon
The Fightin’ Side of Me - Merle Haggard
    1970 - A bankruptcy referee granted the Seattle Pilots' owner permission to sell the major-league baseball franchise to investors in Milwaukee, Wisconsin. The Pilots became the Milwaukee Brewers when the Milwaukee Braves decided to move to Atlanta, Georgia. Seattle then got another American League franchise, the Mariners, producing a league champion in 1995.
   1971-THACKER, BRIAN MILES  Medal of Honor
Rank and organization: First Lieutenant, U.S. Army, Battery A, 1st Battalion, 92d Artillery. Place and date: Kontum Province, Republic of Vietnam, 31 March 1971. Entered service at: Salt Lake City, Utah. Born: 25 April 1945, Columbus, Ohio. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. 1st Lt. Thacker, Field Artillery, Battery A, distinguished himself while serving as the team leader of an Integrated Observation System collocated with elements of 2 Army of the Republic of Vietnam units at Fire Base 6. A numerically superior North Vietnamese Army force launched a well-planned, dawn attack on the small, isolated, hilltop fire base. Employing rockets, grenades, flame-throwers, and automatic weapons, the enemy forces penetrated the perimeter defenses and engaged the defenders in hand-to-hand combat. Throughout the morning and early afternoon, 1st Lt. Thacker rallied and encouraged the U.S. and Republic of Vietnam soldiers in heroic efforts to repulse the enemy. He occupied a dangerously exposed observation position for a period of 4 hours while directing friendly air strikes and artillery fire against the assaulting enemy forces. His personal bravery and inspired leadership enabled the outnumbered friendly forces to inflict a maximum of casualties on the attacking enemy forces and prevented the base from being overrun. By late afternoon, the situation had become untenable. 1st Lt. Thacker organized and directed the withdrawal of the remaining friendly forces. With complete disregard for his personal safety, he remained inside the perimeter alone to provide covering fire with his M-16 rifle until all other friendly forces had escaped from the besieged fire base. Then, in an act of supreme courage, he called for friendly artillery fire on his own position to allow his comrades more time to withdraw safely from the area and, at the same time, inflict even greater casualties on the enemy forces. Although wounded and unable to escape from the area himself, he successfully eluded the enemy forces for 8 days until friendly forces regained control of the fire base. The extraordinary courage and selflessness displayed by 1st Lt. Thacker were an inspiration to his comrades and are in the highest traditions of the military service.
   1971 – Lt. William Calley is sentenced for the My Lai massacres in Vietnam. Calley was sentenced to life imprisonment and hard labor at Fort Leavenworth, which includes the United States Disciplinary Barracks, the Department of Defense's only maximum security prison. Later in 1974, President Nixon tacitly issued Calley a limited Presidential pardon. Consequently, his general court-martial conviction and dismissal from the U.S. Army were upheld, however, the prison sentence and subsequent parole obligations were commuted to time served, leaving Calley a free man. Of the 26 officers and soldiers initially charged for their part in the My Lai Massacre or the subsequent cover-up, only Calley was convicted. Many saw My Lai as a direct result of the military's attrition strategy with its emphasis on "body counts" and "kill ratios."
    1972 - Swimmer, Mark Spitz, was awarded the Amateur Athletic Union’s Sullivan Award as 1971's outstanding amateur athlete. Spitz went on to Olympic legend a few months later, winning seven gold medals.
   1973 - Ken Norton defeated Muhammad Ali in a 12-round split decision. Ali had his jaw broken during the fight.
   1973 - A devastating tornado took a nearly continuous 75 mile path through north central Georgia causing more than 113 million dollars damage, the highest total of record for a natural disaster in the state.
   1978---Top Hits
Night Fever - Bee Gees
Stayin’ Alive - Bee Gees
Lay Down Sally - Eric Clapton
Mamas Don’t Let Your Babies Grow Up to Be Cowboys - Waylon & Willie
   1981-The 1980 Academy Awards were presented March 31, 1981 at the Dorothy Chandler Pavilion, Los Angeles. "Ordinary People" (Ronald L. Schwary, producer) won four Academy Awards at the 53rd Oscar ceremonies. Johnny Carson hosted the show Oscars were presented to a lot of ordinary people, like "Tess" and "Melvin and Howard". However, it was the Best Picture, "Ordinary People", that also won for Best Director (Robert Redford), Best Supporting Actor (Timothy Hutton) and Best Writing (screenplay based on material from another medium: Alvin Sargent). Best Actor that year was Robert De Niro for "Raging Bull" and the Best Actress was Sissy Spacek for "Coal Miner’s Daughter". The Best Supporting Actress prize went to Mary Steenburgen for "Melvin and Howard" and Best Music/Song Oscars were awarded to Michael Gore (music) and Dean Pitchford (lyrics) for "Fame". A special award was given to Henry Fonda in recognition of his brilliant accomplishments and enduring contribution to the art of motion pictures.
    1985 - A reunion of stars lit up Beverly Hills, California, as ABC-TV celebrated the 200th episode of "The Love Boat". The network also honored the 1,000th guest star: Lana Turner. She was joined by Mary Martin, who was the 700th guest star to set sail on the show. Ginger Rogers was the 300th, Robert Guillaume #500 and we could go on but we won’t. "The Love Boat" had as a crew: Captain Merrill Stubing (Gavin MacLeod), Dr. Adam Bricker (Bernie Kopell), Yeoman-Purser Burl ‘Gopher’ Smith (Fred Grandy, who went on to become a U.S. Congressman), Bartender Isaac Washington (Ted Lange) and Photographer Ashley Covington Evans (Ted McGinley). Singer Jack Jones provided the vocal to the opening theme song and Ernie Anderson was the distinctive voice for the millions of network promos before each show.
    1986---Top Hits
Rock Me Amadeus - Falco
R.O.C.K. in the U.S.A. - John Cougar Mellencamp
Kiss - Prince & The Revolution
Don’t Underestimate My Love for You - Lee Greenwood
   1987 - HBO (Home Box Office) earned its first Oscar as "Down and Out in America" tied for Best Documentary feature. The cable-TV film played in a Los Angeles movie theatre for one week to qualify for the Academy Award.
   1989 - Afternoon thunderstorms produced severe weather from North Carolina to Pennsylvania. Thunderstorm winds gusted to 76 mph at Cape Henry, VA. While squalls blanketed northwest Pennsylvania with up to 9 inches of snow, thunderstorms in eastern Pennsylvania produced golf ball size hail at Avondale.
   1995 - Concerned about embezzlement from her fan club and boutique accounts, Tejana singer Selena confronted Yolanda Saldivar, her recently-fired manager and first fan club founder, while they stayed in a motel in Corpus Christi, Texas. During the heated argument that ensued, Selena was shot fatally in the back by Saldivar. The bullet struck her in her right shoulder. With sapping strength, Selena ran in a panic to the motel lobby to get help. She collapsed in a pool of blood on the floor as the clerk called 911. An ambulance took her to the hospital, where she was pronounced dead about an hour later.
   1996-15th NCAA Women's Basketball Championship: Tennessee beats Georgia 83-65
   1997 59th NCAA Men's Basketball Championship: Arizona beats Kentucky 84-79 (OT)
   2000-The $345 million Pacific Bell Park at Third and King Streets, San Francisco, opened with an exhibition game between the Giants and the Milwaukee Brewers. The Giants won 8-3.
    2010 - Jacksonville, Florida's, record streak of days with high temperatures below 80 degrees comes to an end at 105 days. It was also Jacksonville's first 80 degree reading of the year. The previous latest first 80 degree day was on March 14, 1978.



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:






See USA map, click to specific area, no commercials



Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live