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


Monday, March 7, 2016

Today's Equipment Leasing Headlines

Position Wanted---Senior Management
  Seeking New Position
Top Stories February 29 - March 4
  (Opened Most by Readers)
Top 15 Alternate Finance Websites Ratings
Alternate Finance Event Calendar
2015 YE Marlin: What Was Not in their Press Release
  Marlin Business Services Corp. 2015 Year-end 10-K
Leasing Industry Ads---Help Wanted
“Should I Include a Photo with Resume?”
Career Crossroad---By Emily Fitzpatrick/RII
Saluting Leasing News Advisor Board Chairman
   Bob Teichman, CLFP
Please Respond to Leasing News Survey
How You Connect to the News Edition
“Structures for Vendor Programs- Look Out for Tricks
Leasing 102 by Mr. Terry Winders, CLFP
Atlanta, Georgia  Adopt-a-Dog
Leasing News Free Classified Ads
Collector / Collections / Consultant / Communications
News Briefs---
Brokered Deposits Don't Deserve Their Bad Rap
  Federal Reserve New Proposed Deposit Insurance Premium Formula
Exploring Banking as a Platform (BaaP) Model
  Integration of FinTech and Banks

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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You May have Missed---
   SparkPeople--Live Healthier and Longer
   Winter Poem
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
           Daily Puzzle
               Weather, USA or specific area
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######## 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.

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Position Wanted---Senior Management
  Seeking New Position

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at:

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.

Senior-level leasing executive accomplished in sales, finance, operations and marketing. Seeking new opportunity to capitalize on my strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that inspire cross-functional teams to enhance corporate performance and shareholder value. Adept negotiator of multi-million dollar lease program agreements and contracts. Driver of increased sales productivity, incremental revenue, operating expense reductions and customer acquisition/retention.


Top Stories February 29 - March 4
(Opened Most by Readers)

(1) Leasing Icon Steve Robbins Passes Away
Reportedly Creator of Eastern Association of Equipment Lessors

(2) Top Five Leasing Company Websites—
        in North America

(3) Executive Changes at Marlin Business Services
       Top CEO Position Still Not Filled

(4) CIT Capital Equipment Finance Announces
            Key Appointments
Expands Team in Originations, Underwriting and Asset Management

(5) Reaction on Patrick Sponsel Passing Away
Past President NAELB, Very Popular/Well Respected Man

(6) New Hires---Promotions in the Leasing Business
          and Related Industries

(7) Ten New Members of CLFP Foundation
   Total of 19 New Members first two months 2016

(8) Fintech Will Mostly End in Tears, Christopher Flowers Says

(Tie) (9) Lease a $5,000 Rolex in Canada; $500 upfront, $100
             for 48 months

(Tie) (9) Well-Known New Jersey Leasing Attorney Passes Away
           Lawrence A. Rudnick

(11) California Legislature Takes Steps to Outlaw
Evergreen Clauses for On Line Contracts
     By Tom McCurnin, Leasing News Legal Editor

Extra--Not Counted for Technical Reasons
Patrick Sponsel Succumbs to Cancer


(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)


Top 15 Alternate Finance Websites Ratings

Summary: This was very interesting. Sites are  taken from advertisers in as well as those noted in recent articles in Leasing News on Financial Technology. First, the sites are extremely well-done. There are several video testimonials, many advance features and personal approaches.  They are definitely lower on the scale of visitors than leasing companies (the lower the number, the better the ranking in list of most opened; Google is #1).

Time on Site is very good (these are an average of visits, and many are on much longer than the Leasing News Top 5).

In this group, came in first, and last in the group, Forward Financing, has a great site, click on:   Note the annual sales of this client, and "why our customers go in the business."

Visit this company for the FICO scores they will accept and commissions they will pay:

Bizfi has many video testimonials that seem to change often.

These are small business sites do forums, have video testimonials from their customers, such as Bizfi that has many video testimonials:

All ratings:

Bottom Line: Most are small business loans, working capital, merchant advance, obviously servicing clients that do not meet the criteria of community and regional banks, often as one testimonial spokes about not having current financials or other such information. The point here is their website visits and time on site beat those of the Leasing Top Five. (1)

Time on Site: 5:27
USA Alexa Traffic Rating: 1,389
WWW: 6,589
Sites Linking In: 1,076

Time on Site: 3:34
USA Alexa Traffic Rating: 7,909
WWW: 25,738
Sites Linking In: 258

Time on Site: 3:21
USA Alexa Traffic Rating: 18,618
WWW: 83,838
Sites Linking In: 159

Time on Site: 4:01
USA Alexa Traffic Rating: 58,600
WWW: 230,777
Sites Linking In: 57

Time on Site:  24.13
USA Alexa Traffic Rating: 78,793
WWW: 444,312
Sites Linking In: 28

Time on Site: 2:22
USA Alexa Traffic Rating: 92,897
WWW: 471,309
Sites Linking In: 82

Time on Site: 3:47
(formerly RetailCapital)
USA Alexa Traffic Rating: 93,995
WWW: 529,713
Sites Linking In: 30

Time on Site: 3:53
USA Alexa Traffic Rating: 115,275
WWW: 370,507
Sites Linking In: 31

Time on Site: 3:42
USA Alexa Traffic Rating: 128,991
WWW: 611,604
Sites Linking In: 151

Time on Site: 3:42
USA Alexa Traffic Rating: 128,991
WWW: 611,604
Sites Linking In: 151

Time on Site: 12:58
USA Alexa Traffic Rating: 179,910
WWW: 1,025,704
Sites Linking In: 39

Time on Site: 2:05
USA Alexa Traffic Rating: 186,903
WWW: 1,152,319
Sites Linking In: 28

Time on Site: 22:58
USA Alexa Traffic Rating: 214,516
WWW: 1,356,955
Sites Linking In: 15

Time on Site: 4:19
USA Alexa Traffic Rating: 253,755
WWW: 1,204,954
Sites Linking In: 5


(1) Top Five Leasing Company Websites—
        in North America



Alternate Finance Event Calendar

LendIt USA 2016
April 11 – 12
San Francisco, California
Over 130+ Exhibitors. 4,000
decision-makers from over 20 countries

Transact 16
April 19 – 21
Las Vegas, Nevada
4,000 Attendees

October 5 – 7
Chicago, Illinois

October 23 – 26
Las Vegas, Nevada
(75% of exhibit space/sponsorship booked)

deBanked covers the alternative finance industry including payments, lending, merchant cash advance, FinTech, bitcoin and more. Want deBanked to cover your conference? E-mail us at




2015 Year-End Marlin: What Was Not in their Press Release
Marlin Business Services Corp. 2015 Year-end 10-K

On October 20, 2015, the Company announced the retirement of Daniel P. Dyer from his role as Chief Executive Officer and director of Marlin Business Services Corp., effective October 20, 2015. This change did not have a material adverse effect on our financing arrangement with Wells Fargo Capital Finance because Mr. Dyer's duties have been assumed by someone with similar skills and experience.
page 81

Salaries and benefits expense increased $4.6 million, or 17.3%, to $31.2 million for the year ended December 31, 2015 from $26.6 million for the year ended December 31, 2014. The increase was primarily due to salary and benefit expense associated with the separation agreements related to the departure of the Company's Chief Financial Officer and Chief Executive Officer and an increase in total personnel. Pre-tax, one-time expenses recognized in 2015 for the Chief Financial Officer and Chief Executive Officer departures totaled $3.8 million. Salaries and benefits expense, as a percentage of average total finance receivables, was 4.90% for the year ended December 31, 2015 compared with 4.42% for the year ended December 31, 2015, compared to 2.59% for the year ended December 31, 2014.
page 43

Total Stockholder's Equity
  (in thousands) Ended December 31,
2015:  $150,138
2014   $173,964
page 63

Net Income
2015  $15,966
2014  $19,350
2013  $16, 231
page 64

Net charge-offs were $10.1 million for the year ended December 31, 2015, compared to $9.0 million for the year ended December 31, 2014. 
page 43

At December 31, 2015, we had approximately 82,000 active leases in our portfolio, representing aggregate minimum lease payments receivable of $761.7 million. With respect to our portfolio at December 31, 2015: 
         • the average original lease transaction was approximately $14,000, with an average remaining balance of approximately $9,000;
          • the average original lease term was approximately 47 months;
          • our active leases were spread among approximately 68,000 different end user customers, with the largest single end user customer accounting for only 0.07% of the aggregate minimum lease payments receivable;
page 7

page 8  

Residual Performance
Our leases offer our end user customers the option to own the equipment at lease expiration. As of December 31, 2015, approximately 68% of our leases were one dollar purchase option leases, 31% were fair market value leases and 1% 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, 2015, there were $27.4 million of residual assets retained on our Consolidated Balance Sheet, of which $22.7 million, or 83.1%, were related to copiers. As of December 31, 2014, there were $27.4 million of residual assets retained on our Consolidated Balance Sheet, of which $22.0 million, or 80.2%, were related to copiers.
page 51

Credit analysts are located in our New Jersey corporate office and at MBBs office in Salt Lake City, Utah. At December 31, 2015 we had a total of 22 credit analysts, each with an average of approximately 12 years of experience.
page 9

We also lease office space in Portsmouth, New Hampshire; Highlands Ranch, Colorado; Aurora, Colorado; and Denver, Colorado on a month to-month basis.
page 26

New Income, Year Ended December 31:
(in thousands)

2015:  $15,966
2014   $19,350
2013   $16,231
2012   $11,697
2011     $6,175
page 30

For the year ended December 31, 2015 compared to the year ended December 31, 2014, net interest and fee income decreased $0.4 million, or 0.5%, primarily due $0.7 million increase in interest expense and a $0.1 million decrease to interest income, partially offset by a $0.3 million increase in fee income. The provision for credit losses increased $0.9 million, or 9.9%, to $10.0 million for the year ended December 31, 2015 from $9.1 million for the year ended December 31, 2014, primarily due to increased net charge-offs and by the impact of portfolio growth. Other expenses increased $5.4 million, or 12.4%, for the year ended December 31, 2015, compared to the year ended December 31, 2014.
page 38

Fee income increased $0.4 million, or 2.7%, to $15.3 million for the year ended December 31, 2015 from $14.9 million for the year ended December 31, 2014. Fee income included approximately $3.8 million of net residual income for the year ended December 31, 2015 and $3.1 million for the year ended December 31, 2014. The increase in net residual income was primarily due to lower net losses on residual values disposed at end of term partially offset by lower renewal income as fewer leases reached the end of their original contract term during 2015 as compared to 2014 as a result of the lower originations during the 2009 to 2011 timeframe. Fee income also included approximately $9.1 million in late fee income for the year ended December 31, 2015, which decreased 5.2%, compared to $9.6 million for the year ended December 31, 2014.
page 41

Insurance income.
 Insurance income increased $0.4 million to $5.9 million for the year ended December 31, 2015 from $5.5 million for the year ended December 31, 2014, primarily due to higher number of contracts participating in our insurance program in 2015 as compared to 2014 and an increase in the average ticket size.  This was partially offset by higher losses experienced in 2015.
page 42

On October 20, 2015, the Company announced the retirement of Daniel P. Dyer from his role as Chief Executive Officer and director of Marlin Business Services Corp., effective October 20, 2015. This change did not have a material adverse effect on our financing arrangement with Wells Fargo Capital Finance because Mr. Dyer's duties have been assumed by someone with similar skills and experience.
page 81

Complete 2015 Year-end Marlin Business Services 10-K (110 pages)


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


Leasing Industry Help Wanted


For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.


“Should I Include a Photo with Resume?”
Career Crossroad---By Emily Fitzpatrick/RII

Question: I have heard it is now the norm to include a photo with your resume – what are your thoughts?

Answer: Yes, the trend of including your photo in your resume has become popular – but you do not have to.

This trend has become popular, I believe, due to all the new social media sites including photos. IF you do decide to include a photo – make sure it is professional one. Hire a professional and make sure you attire appearance is conservative and appropriate.

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


Leasing News Advisory Board Chairman
Robert “Bob” Teichman, CLFP

The Leasing News Advisory Board does not participate in editorial decisions, meaning reviewing or choosing stories or subjects. Their role is to participate with policy and business advice as well as contribute in discussions on matters brought up by the publisher in a private internal blog.

Bob was appointed by Kit Menkin as chairman May 8, 2005, primarily to recognize him as our number one good will ambassador. Kit has known him for over forty-five years since the early 1970's when he was President of Dividend Leasing, Santa Clara, California, and Bob was the champion salesman, just out of Crocker Bank Leasing. Later roles were reversed when Kit sold him deals at various funding companies he represented. He also tutored him to pass the Certified Leasing Professional test, but could never get Kit to run the HP calculator correctly.

Bob joined the Leasing News Advisory Board July 7, 2000. He was actually involved in the "perception" of the newsletter before this date, making many contributions before we went “online” as a website that also distributed a news edition.

He is the one readers call with the most complaints, or wanting the editor to print a press release or explain what was written. Perhaps he started to get the calls as at one time he wrote about all the leasing conferences for Leasing News, wrote many articles, "pal'd around" with Kit at conferences, where many learned he was a very close friend.

Many don't know Bob is quite a musician, a dancer, and choral singer.

Robert Teichman, CLFP
Teichman Financial Training
3030 Bridgeway, Suite 205 Sausalito, CA 94965
Tel: 415 331-6445
Fax: 415 331-6451

Bob Teichman, CLFP, was born in New York City. After attending the High School of Music & Art and the New York College of Music, he received his undergraduate degree from Columbia College.

“I studied music for a lot of years. I even played piano professionally while in college“, he added. “I have kept up my interest in music by singing in a local chorus for the past 32 years. There are about 100 of us and we give concerts several times a year, mostly pre-20th century composers like Bach, Haydn, Mozart, Beethoven. But we do get away from the 18th and 19th centuries. At a recent concert we performed 15th and 20th century music.” He pursued his graduate studies in Geneva, Switzerland.

"In 1956, when I was a graduate student in Geneva, I met my wife Patricia," he wrote. "She was working at the UN and she and I were members of a group of expatriates- Americans, British, Russians, Swedes, mid-Easterners- who all hung around the same cafes.

"It was the late 1950's and Switzerland was affordable for students like me. The ski slopes were close and most of the rest of Europe was less than a day’s drive away.

"But sooner or later reality sets in. More than fifty years ago we married in New York and came to California; driving cross-country in a 1957 Bristol sedan my father had picked up on one of his many trips. The car had right-hand drive, so it was a real challenge maneuvering on the two-lane roads (yeah, they were paved; it was the middle of the 20th, not the 19th, century.) Still, it was an adventure when we had car trouble on a couple of occasions.

"Patty is an avid gardener and an excellent watercolorist. The two interests coincide in her botanical paintings. 

Bob on a walk outside his cabin in the backcountry

"We spend our vacations at a small and very primitive cabin in the California Sierra backcountry. Summers only; the roads aren't plowed in the winter. Nice country in summer, though. Pines, firs, granite outcrops, streams, meadows. Also coyotes, bears and deer. We don't bother them, they don't bother us. A bear did chew on my neighbor's cabin. Probably liked the taste of the wood stain.

"Thanks for your friendship over all these years. After having been in the leasing business for over 50 years, I really appreciate all the wonderful people I have met, and the lasting friendships I have formed. I still enjoy the business immensely. There is always something new around the corner."

Bob started in automotive leasing in 1963 in sales, then moved into equipment leasing in the late 1960's. For over 20 years he provided funding for leasing companies as an officer of both bank and non-bank lenders.

Along the way, he started several successful leasing companies. His company, Teichman Financial Training, located in Sausalito, California, was founded in 1998 and provides lease education and consulting services to lessors, funders, brokers, government and international agencies, and other members of the financial community.

He is active in leasing associations, having served on the Board of Directors of the United Association of Equipment Leasing (UAEL) for four years. For three years he was the Chairman of their Education Committee with responsibility for the Certification Program and Educational Programs. He was also a member of other committees including the Standards Committee.

Bob is a frequent speaker at leasing industry events, and has written articles for UAEL's Newsline and other industry publications. He is a co- author of the Certified Lease Professional's Handbook and a co-author of the World Bank’s Global Leasing Toolkit.

He served seven years on the Board of the Certified Lease and Finance Profession al Foundation including two years as President and one year as Chairman. He is also a member of the National Association of Equipment Leasing Brokers.


Please Respond to Leasing News Survey
How You Connect to the News Edition




Structures for Vendor Programs-Look Out for Tricks

All vendors want the lowest rate possible and for you to accept all credits while they get a very large fee incentive to send you their business. Plus they will tell you once a week how someone else has offered them better everything! The real truth is they need consistency and a fast turnaround on rejections. The longer you take to say no is usually a good way to lose a vendor. Cheap rates will put you out of business with no remorse from the vendor as he just moves on to the next Lessor who thinks he can lose money in the beginning to win over the vendor. Poor thinking! The best method for retaining a vendors business is creativity in structuring.

Structuring for vendors has its pluses and minuses. You do not have access to the end user so you have to be creative in lease program presentationd. Never offer a money over money rate card with only 36, 48, or 60 payment plans.

This invites rate comparisons and rates are not what encourage people to lease. Provide them a chart that has payment factors from 33 months to 63 months so in the first column you have 30 different rate factors. When the vendor’s salesperson asks what the customer’s budget calls for and then divides the equipment cost into it, it will present a factor that can be compared to your rate chart and the closest factor on the chart will give you the term. Allow the term to be decided by the payment request instead of pressing it into 36, 48, or 60. Customers react to this much better than payments that do not fit the budget.

This also gives you the opportunity to use the old retail trick of making the quote $289, which psychologically is better than $310 a month.

The next column in your rate chart may offer a true lease with a FMV purchase option. The residual may require you to provide a new rate card just for true leases with three columns for different residual amounts such as 16% for light use, 8% for average use and 4% for heavy use. Remember a true lease requires a different payment depending on the month of commencement to retain yield resulting in twelve different factors for each month of the first year.

Another column could be a prepaid purchase option program where the lessee prepays the purchase option by giving the Lessor cash equal to the fixed purchase option at the beginning of the lease. This becomes a prepaid expense and stays on the lessee’s balance sheet as an asset. It becomes a liability on the Lessor’s balance sheet offset by cash as an asset. This is not a true lease but is a money over money transaction because the Lessor has clearly sold the asset to the lessee at the start of the lease. Therefore the payments are going to reflect on a 90% advance by the Lessor hence lower payments. Accounting requires the rate to be reflective of the equipment cost for the lessee making the interest rate look extremely low. This is good for financial statement presentations for small businesses.

In different parts of the country, and in different industries, seasonality is required in the payment structure. It is fairly easy to determine which months should be skipped or reduced so create rate charts with these adjustments and provide them to your vendor sales staff.

Be aware some of the tricks the opposition offers that are used to make payments look lower by requiring an additional twelve months of payments if the equipment is not purchased at lease termination. This allows for a large residual with no risk because a 72 month lease can be presented as a 60 month lease with three end of the lease options. Purchase for FMV with a minimum purchase price, renew the lease, or return the equipment based on a requirement to return it after an additional 12 months of rent. The lease is sold as a 60 month lease when it is in fact a 72 month lease.

Another trick is to call the lease a 60 month lease but have the first payment required on delivery and then in the payment sections of the lease a requirement for 60 additional payments in arrears with the next payment due on the last day of the first month. This is a 61 payment lease confined to 60 months. The payments look cheaper and unless you read the payment requirements very closely, it can be missed by the lessee until it is too late.

Popular with certain leasing companies is to come in with a lower payment, then switch the customer to a quarterly payment, saying it is to their advantage to pay quarterly than monthly.  What happens is the monthly payment is multiplied by three and thus becomes the quarterly payment, increasing the yield, plud taking a first quarterly payment in advance and charging an interim rent.

This is used in special equipment, as well as in copier leases, utilizing the Evergreen Clause by not informing the lessee 90 days in advance of the last payment and thus continuing the lease for another 12 months (pure profit).

Occasionally, the lessee is a startup and no one wants to take a chance so offering the vendor a program that looks like a rental but could lengthen into a full term lease may work if the vendor is prepared to accept recourse for the first six to nine months. What you do is to determine the wholesale value of the equipment nine months out and then create a payment to reduce the balance from the cost to the wholesale value or whatever the vendor is willing to put it back into inventory for plus your standard margin and then create a payment schedule for the remainder of a standard term, The results are the vendor is on recourse for the first nine months and then the lessee has an option to return the equipment or continue the lease for the balance of the term at the lower payments. If the customer makes it to the end of the nine months at the higher payments, they can make the balance of the payments at the lower amount.

I am not recommending the tricks being utilized, but allowing you to understand why a competitor seems to have a lower rate.  Also, once the customer finds out at the end of the term, or during, they most likely will not go back to the company and/or person who recommended the leasing company.

Usually programs are created based on the use of the equipment and the needs of the vendors customers. Go in and discuss these programs with the vendors and request how you can support their selling effort. Do not go in and show them “your programs” instead show them your flexibility and willingness to work around their business, and protect their customer from the tricks of unscrupulous leasing companies; many listed in Leasing News’ “Complaints Bulletin Board”

Previous #102 Columns:


Atlanta, Georgia  Adopt-a-Dog

ID: A482805

LifeLine at Fulton County Animal Services
860 Marietta Blvd
Atlanta, GA 30318
Phone Number: 404.613.0358

Adopt a Pet



Leasing News Free Classified Ads

Collector / Collections / Consultant / Communications

Collector: Atlanta, GA
Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts!
Collector: Cleveland, OH 
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Collections: Dallas, Texas
Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies. 
Collector: Los Angeles, CA
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Collector: Louisville, KY
We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850 
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Collector: Milwaukee, WI 
We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory.

Collector: Nationwide
End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide.

Collector: Saint Louis, MO
Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency!
Call 1-800-659-7199 ext.315
Consultant: Nationwide
25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development.
Call: 610-246-2178, McCarthy Financial, LLC,
Consultant: Burlington, CT
We provide our clients with a full range of consulting services such as portfolio conversions, reconciliation, custom programming and leasing operations utilizing InfoLease. 
Consultant: Europe
15 years doing deals/running own technology leasing company – looking to advise/ lead new entrants to take advantage the European market opportunity. or email 
Consultant: Henderson, NV
Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record.

Consultant: Sausalito, CA
Lease trainer and consultant. 50 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops.

Consultant: North of Detroit, MI 
INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide. 

Consultant: Ridgefield CT.
Lisa Lersner w/20 years exp. specializing in leasing technology now providinglessor selection andmanagement services, includingthe securing of debt and equity and acquisition guidance services.  

Go to

Communications:Chassell, MI

Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct

mail projects etc. Fees are negotiable. 
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(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)


News Briefs---

Brokered Deposits Don't Deserve Their Bad Rap
  Federal Reserve New Proposed Deposit Insurance Premium Formula

Exploring Banking as a Platform (BaaP) Model
  Integration of FinTech and Banks




--You May Have Missed It

Africa: The Digital Technology Cloud Hangs
   Over Every African Farm


SparkPeople--Live Healthier and Longer

St. Patricks Day Smoothies & Cocktails


Winter Poem

Blow, Blow, Thou Winter Wind

Blow, blow, thou winter wind 
Thou art not so unkind 
As man's ingratitude; 
Thy tooth is not so keen, 
Because thou art not seen, 
Although thy breath be rude.

Heigh-ho! sing, heigh-ho! unto the green holly: 
Most friendship if feigning, most loving mere folly: 
Then heigh-ho, the holly! 
This life is most jolly.

Freeze, freeze thou bitter sky, 
That does not bite so nigh 
As benefits forgot: 
Though thou the waters warp, 
Thy sting is not so sharp 
As a friend remembered not. 
Heigh-ho! sing, heigh-ho! unto the green holly: 
Most friendship if feigning, most loving mere folly: 
Then heigh-ho, the holly! 
This life is most jolly.
William Shakespeare




Sports Briefs----

Peyton Manning Retires After 18 seasons

Peyton Manning's NFL legacy: He took quarterbacking to a new level

Lakers stun Warriors for one of largest upsets in NBA history

Lucky breaks fall Adam Scott's way in victory

Anquan Boldin: Latest News, Rumors, Speculation
   Surrounding Free-Agent WR

Quakes beat the Rapids 1-0 on opening day

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)


California Nuts Briefs---

Nancy Reagan, an Influential and Protective First Lady, Dies at 94

From 'Diff'rent Strokes' to high fashion, Nancy Reagan was giant of 1980s



“Gimme that Wine”

More Than 1,100 Gather for Second Annual Innovation
    + Quality Conference

Sommelier Course
10 Weeks by day or 17 by evening

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

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This Day in American History

    1539 - Former black slave Estevanico (Esteban) de Dorantes (1508-39), native of Azamoor, Morocco, sets out to explore what is now the southwestern part of the US.  He was one of the first native Africans to reach the present-day continental US. Enslaved as a youth by the Portuguese, he was sold to a Spanish nobleman and taken in 1527 on the expedition to establish a colony in Florida. He was one of four survivors among 300 men who explored the peninsula. By late 1528, the group had been reduced to 80 men, who survived being washed ashore at Galveston Island after an effort to sail across the Gulf of Mexico.
   1638 - Controversial colonial churchwoman Anne Hutchinson, 47, and nineteen other exiles from the Massachusetts Bay Colony settled in Rhode Island, at the site of modern Portsmouth.  She was a Puritan spiritual adviser, mother of 15, and an important participant in the Antinomian Controversy that shook the infant Massachusetts Bay Colony from 1636 to 1638. Her strong religious convictions were at odds with the established Puritan clergy in the Boston area, and her popularity and charisma helped create a theological schism that threatened to destroy the Puritans' religious experiment in New England. She was eventually tried and convicted, then banished from the colony with many of her supporters.
    1644 - Southampton, NY, a town on the coast of Long Island where whales were often cast ashore, established the first whaling industry. The town was divided into four wards of 11 persons each to attend to the whales. Two persons from each ward were employed to cut them up so that each inhabitant obtained an equal portion. The popularity grew to the point a whaling franchise was granted to a Mr. Whiting in 1647 for the waters of Long Island Sound between Stonington, CT, and Montauk Point, NY.
    1644 - Massachusetts established the first 2-chamber legislature in the Colonies.   
    1717 - The "Great Snow", a composite of four winter storms to hit the eastern U.S. in nine days, finally came to an end. Snow depths averaged 60 inches following the storm. Up to four feet of snow fell around Boston and snow drifts 25 feet high were reported around Dorchester, MA.
    1774 – King George III's speech charged the colonists with attempting to injure British commerce and subvert the Constitution, and on the 18th, Lord North brought the Port Bill before Parliament.  It outlawed the use of the Port of Boston, by setting up a barricade/blockade, for "landing and discharging, loading or shipping, of goods, wares, and merchandise" until such time as restitution was made to the King's treasury (for customs duty lost) and to the East India Company for damages suffered. In other words, it closed Boston Port to all ships, no matter what business the ship had. It also provided that Massachusetts Bay Colony's seat of government should be moved to Salem and Marblehead made a port of entry.   The bill became law on March 31, 1774, and is one of the measures (variously called the Intolerable Acts, the Punitive Acts or the Coercive Acts) that were designed to secure Great Britain’s jurisdictions over her American colonies.
    1776 - Lead by General William Howe, the British evacuate Boston. Howe’s army and a group of 1000 loyalists will set sail for Halifax, Nova Scotia on 17 March.
    1778 - Captain James Cook first sights Oregon coast, at Yaquina Bay
    1782 - Ohio Territory militiamen began a two-day massacre of the Moravian Indian town of Gnadenhutten (modern New Philadelphia, Ohio). In all, 96 Christian Indians of the Delaware tribe were slaughtered, in retaliation for Indian raids made elsewhere in the Ohio Territory.
    1799 - John Fries launches a rebellion in Pennsylvania against the imposition of the "direct tax" enacted by Congress 1 July 1798, on lands, houses & slaves. Fries' mob was dispersed by the Militia after a march on Bethlehem. Fries was arrested and sentenced to be hanged for treason, before being pardoned by the President.
    1802 - In Washington, D.C., the first Baptist church was organized with six charter members. Their first pastor, Obadiah Brown, was hired five years later, and Brown remained in that pulpit while involving himself in every important local Baptist program for the next 43 years!
    1848 - In Hawaii, Great Mahele (division of lands) was signed.  The 1839 Hawaiian Bill of Rights, also known as the 1839 Constitution of Hawaii, was an attempt by King Kamehameha III and his chiefs to guarantee that the Hawaiian people would not lose their tenured land, and provided the groundwork for a free enterprise system.  The document, which had an attached code of laws, was drafted by a missionary, revised by the Council of Chiefs and signed by Kamehameha III in June, 1839.  The Great Māhele resulted in the allocation of one-third of the land to the crown as Hawaiian crown lands. Another third was allocated among the chiefs. The remaining one-third was to go to the population, but in the end, they received less than 1%. The law required land claims to be filed within two years under the Kuleana Act of 1850 and many Hawaiians made no claim.  Eventually most of this land was sold or leased to foreigners.  The large amount of land that went to the government resulted in Hawaii having a very high proportion of state-owned land: about 32% is owned by the state.

    1849 - Luther Burbank (d. 1926) was born at Lancaster, MA.  American naturalist and author, creator and developer of many new varieties of flowers, fruits, vegetables and trees.  Burbank's birthday is observed in California as Bird and Arbor Day.
    1850 - The acquisition of territory following the U.S. victory in the Mexican War revived concerns about the balance of free and slave states in the Union. Senator Daniel Webster delivered his famous three hour "Seventh of March" speech urging sectional compromise on the issue of slavery. Advising abolition-minded Northerners to forgo antislavery measures, he simultaneously cautioned Southerners that disunion inevitably would lead to war. He endorses the Compromise of 1850 proposed by Kentucky Senator Henry Clay on 29 January 1850, as a mean of preserving the Union. It called for:  California to be admitted as a free state; the passage of an inhumane Fugitive Slave law; new territories in the Southwest to be allowed to organize without restrictions on slavery; protecting slavery in the District of Columbia while abolishing domestic slave trade there; and for a settlement of $10 million to Texas if the state would relinquish claims to one-third of its territory (now in New Mexico, Oklahoma, Kansas, Colorado, and Wyoming). The compromise would be adopted on 09 September 1850.
Following the lead of Senators Henry Clay and Stephen Douglass, Webster endorsed Clay's plan to assure sectional equilibrium in Congress. Passed after eight months of congressional wrangling, the legislation admitted California to the Union as a free state, permitted the question of slavery in Utah and New Mexico territories to be decided by popular sovereignty, settled Texas border disputes, and abolished slave trading in the District of Columbia while strengthening the Fugitive Slave Act. This speech by Daniel Webster supported Senator Henry Clay’s compromise, who had run for president, lost, and come back to the U.S. Senate as a most influential politician. It brought together the U.S. Senate for a brief period of time. He espoused the provisions of the Fugitive Slave Bill. It is said, John Greenleaf Whittier had Webster in mind when he wrote in his poem: “Ichabod:”
“All else is gone from those great eyes
The soul has fled;
When faith is lost, when honor dies
The man is dead.”
    1854 - Charles Miller of St. Louis, MO, patented a sewing machine to stitch buttonholes, revolutionizing the garment industry.
    1857 – Baseball decided that an official game is 9 innings rather than 9 runs.
    1860 - 6,000 shoemakers joined by 20,000 other New England workers in Lynn, Massachusetts strike. During the great New England shoemakers strike, about 1,000 women workers in Lynn, Massachusetts, strike for a union and against wage cuts. Marching through a blizzard, the women carry signs proclaiming: "American Ladies Will Not Be Slaves."
In 10 days, a procession of 10,000 workers marches through Lynn in the largest labor protest prior to the Civil War. Within a month, shoe manufacturers offer higher wages to bring strikers back to the factories. But the companies refuse to recognize a union.
   1862 - Union forces under General Samuel Curtis defeat the army of General Earl Van Dorn at Pea Ridge, aka Battle of Elkhorn Tavern, located in an extreme northwestern section of Arkansas and gained control of Missouri.  Confederate General Ben McCulloch was killed in one of the attacks. The Yankees suffered 1,384 men killed, wounded, or captured out of 10,000 engaged; the Confederates suffered a loss of about 2,000 out of 14,000 engaged. The Union won a decisive victory that also helped them clear the upper Mississippi Valley region on the way to securing control of the Mississippi River by mid-1863.
    1865 - Michael A. Healy of Georgia, became the first African-American Coast Guard serviceman. He was appointed to the Revenue Cutter Service, the predecessor of the Coast Guard. He became captain on March 3, 1883, and was commanding officer of the Bear from 1886 to 1895.
    1865 - Lieutenant Commander Hooker, commanding a naval squadron consisting of U.S.S. Commodore Read, Yankee, Delaware, and Heliotrope, joined with an Army unit in conducting a raid at Hamilton's Crossing on the Rappahannock River six miles below Fredericksburg. Hooker reported that the expedition succeeded in "burning and destroying the railroad bridge, the depot, and a portion of the track....; also the telegraph line was cut and the telegraphic apparatus brought away. A train of twenty-eight cars, eighteen of them being principally loaded with tobacco, and an army wagon train were also captured and burned. A considerable number of mules were captured and some thirty or forty prisoners taken. A mail containing a quantity of valuable information was secured." Throughout the war, rivers were avenues of strength for the North, highways of destruction to the South, which enabled warships and joint expeditions to thrust deep into the Confederacy.
    1872 - -8º F in Boston MA
   1876 - Patent #174,465 was issued to Alexander Graham Bell for his telephone.
    1888 – Jazz guitarist Alcide “Slow Drag” Pavageau (d. 1969) was born in New Orleans.
    1893 - Lorena Alice Hickok (d. 1963) was born in East Troy, WI.  She was a journalist known for her close relationship with First Lady Eleanor Roosevelt.  Hickok was the highest paid woman newspaper reporter of her day, with Associated Press, a political reporter assigned to cover Roosevelt during FDR’s first presidential campaign.  Hickok struck up a close relationship with the soon-to-be First Lady. For several years, the two corresponded almost every day, traveled together, and professed emotional and physical affection for one another. She actually lived in the White House with Mrs. Roosevelt and slept in ER's apartment.  The exact nature of this relationship has been widely discussed by historians. More than 3,000 letters from the pair's correspondence are preserved.  Compromised as a reporter by her personal relationship with Roosevelt, Hickok left the AP and began work as the chief investigator for the Federal Emergency relief Administration (FERA), part of the New Deal. Hickok encouraged or inspired several of Eleanor Roosevelt's initiatives, including her syndicated column, her all-women press conferences, and her planned community in West Virginia.  As Hickok grew more demanding of the First Lady, however, the pair's initial closeness lessened.

    1893 - In arguably the most significant rule change in Major League history, the National league eliminated the pitching box and added a pitcher’s rubber five feet behind the previous back line of the box, establishing the modern pitching distance of 60 feet 6 inches. In addition, bats flattened on one side to facilitate bunting were banned.
    1908 - Cincinnati Mayor Leopold Markbreit stood before city council and announced that, "women are not physically fit to operate automobiles"
    1911 - Willis S. Farnsworth of Petaluma, CA received two patents, one for a coin-operated locker, and one with William H. Reed on a coin receptacle “magazine-hinge and conveyor” The insertion of a coin in a slot released a key to open and close the locker. The “magazine hinge” enable newspapers
and magazines to be purchased from a locked stand.
    1911 - Twenty thousand US troops are sent to the Mexican border as the Mexican Revolution continues.
    1917 - Drummer Lee Young (d. 2008) was born, New Orleans, LA.
    1917 - "The Dixie Jass Band One Step," by Nick LaRocca's Original Dixieland Jass Band (Victor 18255), becomes the first jazz recording released for sale in the US, released by RCA Victor in Camden, New Jersey.
    1923 - Robert Frost's poem, "Stopping by Woods on a Snowy Evening," is published in the New Republic magazine. Proud of the poem, he said the lines, "Whose woods these are, I think I know, his house is in the village though..." contained everything he ever knew about how to write.
    1927 – The Supreme Court ruled that a Texas law denying the right to vote to Negroes was unconstitutional.
    1932 - Monopoly was introduced by Charles Darrow. The history of Monopoly can be traced back to 1903, when American anti-monopolist Elizabeth Phillips created a game through which she hoped to be able to explain the single tax theory of Henry George. It was intended as an educational tool to illustrate the negative aspects of concentrating land in private monopolies. Phillips took out a patent in 1904. Her game, “The Landlord’s Game”, was self-published, beginning in 1906.  A series of variant board games based on her concept was developed from 1906 through the 1930s that involved the buying and selling of land and the development of that land.  According to an advertisement placed in “The Christian Science Monitor”, Charles Todd of Philadelphia recalled the day in 1932 when his childhood friend, Esther Jones, married to Charles Darrow, came to his house with her husband for dinner. After the meal, the Darrows played the game of Monopoly several times with them, a game that was entirely new to the Darrows, and before he left, Darrow asked for a written set of the rules. After Darrow brought his own Monopoly game out, the Todds never spoke to the Darrows again. Monopoly was mass marketed by Parker Brothers beginning in 1935. Darrow died a millionaire in 1967.
    1936 - Nazi leader Adolf Hitler violates the Treaty of Versailles and the Locarno Pact by sending German military forces into the Rhineland, a demilitarized zone along the Rhine River in western Germany. Two years later, Nazi Germany burst out of its territories, absorbing Austria and portions of Czechoslovakia. In 1939, Hitler invaded Poland, leading to the outbreak of World War II in Europe.
    1938 - Janet Guthrie was born in Iowa City, IA.  An aerospace engineer, she was one of the first four women to qualify for the scientist-astronaut program of NASA.  She was also the first woman to race in the Indianapolis 500 races, finishing ninth in 1978. She was forced to withdraw two other times because of engine trouble. Her other entries in 1977 and 1979 were aborted because of engine trouble. No women were even allowed in the repair and refueling pits at the Indy 500 until a lawsuit in 1972.
    1939 - Guy Lombardo and his Royal Canadians record "Auld Lang Syne," still a New Year's Eve staple.
    1941 - At Spring Training in Havana, Cuba, the Brooklyn Dodgers’ Pee Wee Reese and Joe Medwick used a batting helmet designed by two Johns Hopkins Hospital doctors with the help of Larry MacPhail. The two Dodgers, hit by several pitches last year, pronounced the helmets satisfactory.
    1945 - A small advance force of the US First Army captured the Ludendorff railway bridge across the Rhine River at Remagen - the only bridge across the Rhine that had not been blown up by the German defenders - thus acquiring the first bridgehead onto the east bank, a turning point in World War II. Not since the days of Napoleon had an invading army crossed the Rhine. Tanks of the US Third Corps reach the Rhine River opposite Remagen and find the Ludendorff Bridge damaged but still usable The bridge, which had miraculously survived the massive Allied air assaults on Nazi Germany and then the country's own efforts to protect its interior from the Allied invasion, is an unexpected strategic coup for the US First Army. Troops and vehicles are immediately rushed across, and for the first time, the US forces secure a foothold on the eastern side of the fortified Rhine River shore. Nazi dictator Adolf Hitler is so furious to learn of the US use of the intact Ludendorff Bridge that he fires General Gerd von Rundstedt as commander of western German forces. German bombers attempt to destroy the bridge, but the US troops continue to move across and expand the beachhead on the other side. On 17 March, after transporting thousands of troops and military vehicles across the Rhine, the bridge collapses, killing twenty-five Americans. Nevertheless, the Allies now hold the area and engineers erect other bridges nearby. Supreme Allied Commander General Dwight D. Eisenhower later says that the discovery of the intact bridge "put victory just around the corner."
    1945 - LEIMS, JOHN HAROLD, Medal of Honor
Rank and organization: Second Lieutenant, U.S. marine Corps Reserve, Company B, 1st Battalion, 9th Marines, 3d Marine Division. Place and date: Iwo Jima, Volcano Islands, 7 marches 1945. Entered service at: Chicago, Ill. Born: 8 June 1921, Chicago, Ill. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as commanding officer of Company B, 1st Battalion, 9th Marines, 3d Marine Division, in action against enemy Japanese forces on Iwo Jima in the Volcano Islands, 7 March 1945. Launching a surprise attack against the rock-imbedded fortification of a dominating Japanese hill position, 2d Lt. Leims spurred his company forward with indomitable determination and, skillfully directing his assault platoons against the cave-emplaced enemy troops and heavily fortified pillboxes, succeeded in capturing the objective in later afternoon. When it became apparent that his assault platoons were cut off in this newly won position, approximately 400 yards forward of adjacent units and lacked all communication with the command post, he personally advanced and laid telephone lines across the isolating expanse of open fire-swept terrain. Ordered to withdraw his command after he had joined his forward platoons, he immediately complied, adroitly affecting the withdrawal of his troops without incident. Upon arriving at the rear, he was informed that several casualties had been left at the abandoned ridge position beyond the frontlines. Although suffering acutely from the strain and exhausting of battle, he instantly went forward despite darkness and the slashing fury of hostile machinegun fire, located and carried to safety 1 seriously wounded marine and then, running the gauntlet of enemy fire for the third time that night, again made his tortuous way into the bullet-riddled deathtrap and rescued another of his wounded men. A dauntless leader, concerned at all time for the welfare of his men, 2d Lt. Leims soundly maintained the coordinated strength of his battle-wearied company under extremely difficult conditions and, by his bold tactics, sustained aggressiveness, and heroic disregard for all personal danger, contributed essentially to the success of his division's operations against this vital Japanese base. His valiant conduct in the face of fanatic opposition sustains and enhances the highest traditions of the U.S. Naval Service.
    1946 - Top Hits
“Let It Snow” - Vaughn Monroe
“Symphony” - The Freddy Martin Orchestra (vocal: Clyde Rogers)
“Oh, What It Seemed to Be” - The Frankie Carle Orchestra (vocal: Marjorie Hughes)
“Guitar Polka” - Al Dexter
    1946 - Grauman’s Chinese Theatre on Hollywood Boulevard was the site of the 18th Annual Academy Awards celebration. Bob Hope hosted the first half of the show with James Stewart stepping up to the mike for the second half. The Best Motion Picture of 1945 was Paramount’s "The Lost Weekend", produced by Charles Brackett. It also won for Best Director (Billy Wilder), Best Actor (Ray Milland), and Best Writing of a Screenplay (Charles Brackett and Billy Wilder). The Oscar for Best Actor in a Supporting Role went to James Dunn for "A Tree Grows in Brooklyn". Best Actress was Joan Crawford for her performance in "Mildred Pierce". The votes for The Best Actress in a Supporting Role prize went to Anne Revere for "National Velvet". The Best Music/Scoring of a Musical Picture Oscar went to George Stoll for "Anchors Aweigh" and Best Music/Song was "State Fair" by Oscar Hammerstein II and Richard Rodgers.
    1949—Top Hits
“Make Love to Me!” - Jo Stafford
“Young-At-Heart” - Frank Sinatra
‘Cross Over the Bridge” - Patti Page
“Slowly” - Webb Pierce
    1950 – Hall of Fame RB Franco Harris was born at Ft. Dix, NJ. He was picked by the Pittsburgh Steelers in the first round, the 13th selection overall, in the 1972 draft.  He played his first 12 years in the NFL with the Steelers. He was inducted into the Pro Football Hall of Fame in 1990.  Harris was chosen for 9 consecutive Pro Bowls, rushed for more than 1,000 yards in 8 seasons, breaking a record set by Jim Brown, and he is currently the 12th all-time NFL rusher with over 12,000 yards. The Steelers tandem running package of Harris and Rocky Bleier combined with a strong defense to win four Super Bowls, the first NFL team to do so. In 1975, he was the Super Bowl MVP, the first African-American as well as the first Italian-American to be so named. His Super Bowl career totals of 101 carries for 354 yards are records and his 4 career rushing touchdowns are tied for the second most in Super Bowl history.  Harris was a key player in one of professional football's most famous plays, “The Immaculate Reception”.  In a 1972 playoff game, the Oakland Raiders were leading the Steelers 7-6 with 22 seconds to play when a Terry Bradshaw pass was deflected away from intended receiver, Frenchy Fuqua, right as Oakland defender Jack Tatum arrived to tackle Fuqua. Harris snatched the ball just before it hit the ground and ran it into the end zone to win the game.
    1951 - BRITTIN, NELSON V., Medal of Honor
Rank and organization: Sergeant First Class, U.S. Army, Company I, 19th Infantry Regiment. Place and date: Vicinity of Yonggong-ni, Korea, 7 March 1951. Entered service at: Audubon, N.J. Birth: Audubon, N.J. G.O. No.: 12, 1 February 1952. Citation: Sfc. Brittin, a member of Company I, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. Volunteering to lead his squad up a hill, with meager cover against murderous fire from the enemy, he ordered his squad to give him support and, in the face of withering fire and bursting shells, he tossed a grenade at the nearest enemy position. On returning to his squad, he was knocked down and wounded by an enemy grenade. Refusing medical attention, he replenished his supply of grenades and returned, hurling grenades into hostile positions and shooting the enemy as they fled. When his weapon jammed, he leaped without hesitation into a foxhole and killed the occupants with his bayonet and the butt of his rifle. He continued to wipe out foxholes and, noting that his squad had been pinned down, he rushed to the rear of a machine gun position, threw a grenade into the nest, and ran around to its front, where he killed all 3 occupants with his rifle. Less than 100 yards up the hill, his squad again came under vicious fire from another camouflaged, sandbagged, machine gun nest well-flanked by supporting riflemen. Sfc. Brittin again charged this new position in an aggressive endeavor to silence this remaining obstacle and ran direct into a burst of automatic fire which killed him instantly. In his sustained and driving action, he had killed 20 enemy soldiers and destroyed 4 automatic weapons. The conspicuous courage, consummate valor, and noble self-sacrifice displayed by Sfc. Brittin enabled his inspired company to attain its objective and reflect the highest glory on himself and the heroic traditions of the military service.
    1954 - No. 1 Billboard Pop Hit:  “Make Love to Me,'' Jo Stafford.
    1955 - Carl Perkins' "Blue Suede Shoes" enters the R&B chart. It is the first time a C&W artist has made the R&B chart.
    1955 - "Peter Pan", with Mary Martin and Cyril Richard, was presented as a television special for the first time. The complete Broadway cast production was also broadcast in color on WRCA, Channel 4, New York City on “Producer’s Showcase.” It could also be seen in black and white on the NBC network.
    1956 - Lonnie Donegan’s hit song, "Rock Island Line", was doing well on the pop music charts from across the big pond. The popular music from Great Britain’s ‘King of Skiffle’ ushered in the new music craze called ‘skiffle’. Donegan was born in Glasgow, Scotland and was a member of Chris Barber’s Jazz Band. He had one other major hit on the U.S. pop charts even bigger than "Rock Island Line". In 1961, Donegan’s "Does Your Chewing Gum Lose It’s Flavor (On the Bedpost Over Night)" made it to the top five in America. The song was a top-10 hit in 1924 by Ernest Hare and Billy Jones. However, instead of "Chewing Gum" in the original title, it was "Spearmint". Donegan recorded his version of the song in 1959, two years before it became a hit. Incidentally, John Lennon and George Harrison of The Beatles both started their careers in skiffle bands.
    1957 - The Tune Weavers record "Happy Happy Birthday Baby," one of the top hits for the year.
    1962 - Top Hits
“Duke of Earl” - Gene Chandler
“Hey! Baby” - Bruce Channel
“Break It to Me Gently” - Brenda Lee
“Walk on By” - Leroy Van Dyke
    1964 - The Beatles "I Want to Hold Your Hand" and "She Loves You" are, according to Billboard, "neck and neck" for the top spot on the singles chart.
    1964 - Capitol Records is besieged with requests for heavyweight boxing champ Cassius Clay's album, "I Am the Greatest." It's in big demand because of Clay's defeat of Sonny Liston last month. Columbia expects to sell 500,000 copies and Clay, having changed his name to Muhammad Ali, says, "I'm better and prettier than Chubby Checker."
    1965 - First US "combat" troops sent to Vietnam. (As opposed to "advisers" and troops who are in a defensive roll.) The Johnson administration tries to hide this policy change and denies rumors, but a State Department spokesman "mistakenly" spills the beans a couple months later.
    1965 - Selma, Alabama March: 525 people began a fifty-four mile march from Selma, Alabama to the state capitol in Montgomery. They were demonstrating for African American voting rights and to commemorate the death of Jimmie Lee Jackson, shot three weeks earlier by an state trooper while trying to protect his mother at a civil rights demonstration. On the outskirts of Selma, after they crossed the Edmund Pettus Bridge, the marchers, in plain sight of photographers and journalists, were brutally assaulted by heavily armed state troopers and deputies. Here is their story with photographs:
    1966 - The Shadow of Knights, a Chicago garage band, enter the Top Ten with their biggest hit, "Gloria."
    1966 - Brian Wilson releases his first solo single, "Caroline, No," the first release of the historic “Pet Sounds” sessions. Two months later, the “Pet Sounds” album would appear with "Caroline, No" on it, but credited to the Beach Boys, their 11th album.  It met a lukewarm critical and commercial reception in the United States, but received immediate success abroad, where British publications declared it "the most progressive pop album ever". It charted at number two in the UK but number ten in the US, a significantly lower placement than the band's preceding albums. In later years, “Pet Sounds” garnered enormous worldwide acclaim by critics and musicians alike, and is regarded as one of the most influential albums in the history of popular music.
    1966 - Bob Dylan records "Absolutely Sweet Marie"
    1966 - Tina Turner records "River Deep Mountain High"
    1967 - The Beatles record "Lovely Rita"
    1967 - Jim Morrison and The Doors performed at the Matrix, San Francisco, California
    1967 - No. 1 Billboard Pop Hit:  “Love Is Here and Now You're Gone,'' The Supremes.
    1967 - Teamster President Jimmy Hoffa began an 8-year jail sentence for defrauding the union and jury tampering.  The sentence was commuted by President Nixon on Dec. 23, 1971.
    1968 - Elvis Presley records one of his most favorite songs, "A Little Less Conversation."
    1969 - Tommy's Roe's single, "Dizzy" earns a gold record for sales over one million.
    1970 - Top Hits
“Bridge Over Troubled Water” - Simon & Garfunkel
“Travelin’ Band/Who’ll Stop the Rain” - Creedence Clearwater Revival
“Rainy Night in Georgia” - Brook Benton
“It’s Just a Matter of Time” - Sonny James
    1970 - Actor Lee Marvin, whose vocal skills were questionable at best, topped the UK singles chart with a song called "Wand'rin' Star", which was featured in the film “Paint Your Wagon.”
    1971 - A thousand U.S. planes bomb Cambodia and Laos.
    1973 - Traffic have a gold LP with "Shootout at the Fantasy Factory," their final LP with the extended group.
    1973 - Eric Weissberg and Steve Mandel's "Dueling Banjos" is certified gold
    1975 - David Bowie's "Young Americans" is released.
    1976 - Elton John becomes the first Rock star since the Beatles to be immortalized at Madame Tussaud's Wax Museum in London.
    1978 - Top Hits
“(Love Is) Thicker Than Water” - Andy Gibb
“Sometimes When We Touch” - Dan Hill
“Emotion” - Samantha Sang
“Mamas Don’t Let Your Babies Grow Up to Be Cowboys” - Waylon & Willie
    1979 - Slugging OF Hack Wilson and longtime executive Warren Giles were elected to the National Baseball Hall of Fame. Wilson, who had a relatively short career, won four NL HR titles while with the Chicago Cubs. His most productive season came in 1930, when he set an all-time major league record with 191 RBI, hit 56 home runs (a NL record for 68 years) and batted .356. For his career, Wilson hit .307 with 244 home runs and 1063 RBI. Giles served as president of the Cincinnati Reds from 1937-51, before becoming National League President for 18 seasons.
    1981 - No. 1 Billboard Pop Hit:  “I Love a Rainy Night,'' Eddie Rabbit. Before recording on his own, the singer writes songs for Elvis Presley, Ronnie Milsap, Tom Jones and Dr. Hook.
    1983 - Willie Nelson received a lifetime achievement award at the Songwriters' Hall of Fame dinner in New York.
    1983 - Stevie Wonder and Neil Sedaka are inducted into the Songwriter's Hall of Fame during a ceremony at the Waldorf Astoria hotel in New York.
    1985 - The song "We Are the World", from the album of the same name, was played on the radio for the first time. Forty-five of pop music’s top stars had gathered together to combine their talents to record the music of Lionel Richie and Michael Jackson. Richie and Jackson sang, too, while Quincy Jones did the producing of the USA for Africa record. The proceeds of the multimillion-selling recording went to aid African famine victims. The project, coordinated by Ken Kragen, was deemed a huge success.
    1986 - Top Hits
“Kyrie” - Mr. Mister
“Sara” - Starship
“Living in America” - James Brown
“You Can Dream of Me” - Steve Wariner
    1987 - Forty-five cities in the north central and northeastern U.S. reported record high temperatures for the date. In South Dakota, Huron hit 80 degrees, and Pickstown reached 81 degrees. Rochester, MN and Rockford, IL smashed their previous record for the date by sixteen degrees.
    1987 - World Boxing Council (WBC) heavyweight champ, ‘Iron’ Mike Tyson, became the youngest heavyweight titlist ever as he beat James Smith in a decision during a 12-round bout in Las Vegas.
    1987 - The first Beatles albums are released on compact disc: “Please Please Me,” “With the Beatles,” “A Hard Day's Night,” “Beatles for Sale,” and “Help!” This marks the first time the band's official UK albums have been available as standard Beatles albums in the US, many being presented for the first time in America in their original mono mixes.
    1990 - A major ice storm left much of Iowa under a thick coat of ice. It was the worst ice storm in at least twenty-five years for Iowa, perhaps the worst of the century. Up to two inches of ice coated much of western and central Iowa, with three inches reported in Crawford County and Carroll County. As much as five inches of ice was reported on some electrical lines. The ice downed 78 towers in a 17-mile stretch of a high voltage feeder near Boone costing three electric utilities fifteen million dollars. Damage to trees was incredible, and clean-up costs alone ran into the millions. Total damage from the storm was more than fifty million dollars.
    1995 – Richie Ashburn, Vic Willis, former NL president William Hulbert, and former Negro League star Leon Day were elected to the Baseball Hall of Fame.  Day died six days later.
    1996 – The Hubble Space Telescope sent back the first surface photos of Pluto.
    1997 - Declaring that Steven Hoffenberg had "wreaked havoc on innocent lives," Federal Judge Robert Sweet sentenced the notorious Wall Street swindler to a twenty-year prison term. In the ruling, Sweet ordered the former chief of Towers Financial Corp. to pay out $462 million in restitution, as well as a $1 million in fines. Hoffenberg had been accused of pawning off vast sums of "worthless" Tower-backed bonds to unsuspecting investors. All told, Hoffenberg had conned investors out of a whopping $500 million, money which he used to fund his extravagant habits.
    1998 – The New York Yankees signed pitcher Orlando Hernandez, brother of the 1997 World Series hero Livan Hernandez, to a four-year, $6.6 million contract. “El Duque” was one of the most famous and successful Cuban defectors to play in the Majors.  He is best remembered by Yankees fans for his postseason performances when he earned a 12-3 record and 2.55 ERA in 19 appearances, having gone 8-0 at one point.  He was a four-time World Series champ, three with the Yankees and one with the White Sox in 2005.
    2001 - The National Endowment for the Arts, in conjunction with the RIAA, announces its Top Ten songs of the 20th century. At #1: Judy Garland's rendition of "Over the Rainbow." Also making the list: Bing's "White Christmas" (#2), Aretha's "Respect" (#4), Don McLean's "American Pie" (#5), and the Righteous Brothers' "You've Lost That Lovin' Feeling" (#9).
    2002 - A federal judge awarded Anna Nicole Smith more than $88 million in damages. The ruling was the latest in a legal battle over the estate of Smith's late husband, J. Howard Marshall II.
    2003 - UAL Corp., the bankrupt parent company of United Airlines, announces that sales of 3.9 million shares of UAL by the company’s employee benefit plans (authorization by the IRS announced on 04 March) have lowered employee ownership in those plans below 20%, thereby triggering the "Sunset" provisions contained in the company’s certificate of incorporation that affect UAL’s corporate governance structure.
    2003 - Scientists at the Stanford Linear Accelerator Center announced that they had transferred 6.7 gigabytes of uncompressed data from Sunnyvale, CA, to Amsterdam, Netherlands, in 58 seconds. The data was sent via fiber-optic cables and traveled 6,800 miles.
    2014 - A study announced that high levels of vitamin D in the blood may increase the probability of survival for breast cancer patients.



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Top Stories

(chronological order)

- School for Loan Brokers/Alternate Finance & Real Estate
- FICO Score: Excellent to Bad
- Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’
- “Lending Club Sends up a Red Flare”
- Reaction to "Lending Club Sends up a Red Flare"
- OnDeck Crashes As Online Lending Sector Struggles
- Is DLL Leasing Really Up for Sale?"
- Year-End Leasing and Finance Association Membership
- Equipment Leasing and Finance Association and
   CLFP Foundation Announce Collaboration
- Marlin 4th Quarter Reveals More
   Why Co-Founder/CEO Dan Dyer “Retired”
- New Study Identifies Companies Most Impacted
   by New FASB and IFRS Lease Accounting Rules
- United States CEOs Optimistic for 2016
- Tiny bank, huge ROE: WebBank’s Fintech hidden recipe
- Curt Ritter, Leasing News Person, 2010
   Sworn in as Mayor of Chatham Township, New Jersey
- Growth of Financial Technology Hitting Leasing
- AXIS Capital Board of Directors Announces
   Expansion of Senior Management Team
- Leasing News Person of the Year for 2015
   Bruce Kropschot
- Happy Mango Wants to Demystify Credit Scoring
   and Open Up Loans to More People
- Shannon (Berry) Green, CLFP Celebration of Life
- Chisick Back in Business As Excel Business Funding
- Foundation Launches Equipment Finance Department
- Free State UCC Searches
- Great News! Section 179 Signed into Law
- California Sucks for Merchant Advance
   Response to Editor Sean Murray,
- California Concerned about Financial Technology Practices
- Confirmed—Capital One Equipment Finance Corp.
   Exiting the Marketplace  - and Why
- Alternative Ways to Score Consumer Credit
    Worthiness in the global Underbanked market
- Top Five Leasing Company Websites
- Is Fintech the Next Big Bust?
- Online Marketing for Social Media
  New Concepts to Increase Business
- Navitas Lease Corp. CA Lenders License Policy
    Issues Policy to All Third Party Originators
- US Business Did Not Fall for These Lessors
    Despite the ELFA October MLFI-25 Report
- Dealstruck and Lendio Release State of Online
   Lending Industry eBook
- Building An Alternative Lending Sales Profile
   Are You a Broker or Not?
- Alternate Finance/Cash Advance Lenders Not Regulated as Banks
- RBC Completes Acquisition of City National
   Parent of First American Equipment Finance
- Ascentium Capital Announces $281 Million Securitization
- Valerie Jester Receives 2014 Award
    Leasing Person of the Yearr
- FinTech Legend Dave Murray is Back, This Time
  as Copperline Capital, LLC, Chicago, Illinois
- A Look at Why John Thain is Retiring from CIT
- Barry Drayer Released after Serving 13 Years
- Small Business Alternative Lending Conference
- OnDeck Expands Product Set To Meet
  Full Range of Small Business Financing Needs
- In a Surprise Move, Marlin Business Co-Founder/CEO
  Daniel P. Dyer Resigns
- Hiring a Credit Analyst
- Report on the NEFA Atlanta, Georgia Conference
- NEFA Elects New Officers
- Your “Return on Investment” on eDocs
- Alert: Integrity Financial Group
 Active Again on the Internet
- Originators 89% Satisfied with Current Position
  Survey Finds: 56% Had Incomes of $125,000
- Changes in the Commercial Finance and Leasing Industry
- Insurance Certificates are Often Virtually Worthlessl
- The 50 Best Fintech Innovators Report
- Who Needs a Desk? Watch the Change
- Advice on Testifying at a Deposition
- Reader Says Too Many Telephone Calls to Client
  All Generated from UCC Filings
- Employee Exodus at Direct Capital, Portsmouth, NH
- Jeff Rudin Family Adopts Mindy
- Top Five Leasing Company Web Sites
  in North America
- Leasing News Bulletin Board Update
   Hawkins Counter Sues $50,000 Judgement
Fed Chair Asks Cobra Capital for a Survey
- Apple Moves to Direct Financing
     Leasing News Exclusive
- How Many Types of Leases?
- OnDeck Capital Hit with Several Law Suits
- President of EAR Sentenced to Five Years
- Stick Mobility--Yoga to the Next Level
  New Exercise for Individuals or Groups
- Dale Kluga Sees Alternate Finance Bubble Ahead
   Concerned History is Repeating Itself
- The top 50 brands in Quick Service and Fast Casual
- Charlie Chan on Balboa Capital
- The Volume Produced by Alternate Finance is Astounding
   Changing the Way Credit Decision Are Being Made
- NAELB Leasing School Says it is Time
- All Wireless Phones to Have Anti-Theft Devices
- New Website
- Lease One Tagged for Fraud in Lease Commitment
     by Tom McCurnin, Leasing News Legal Editor
- Three New Bulletin Board Complaints
    US Business Funding, Newport Beach, California
- Verhelle Founds Harvard Partners, LLC
- Business Loans/Cash Advance Increase
- Subject: Need a corporation 3-7 years old? Reaction
- Financial Pacific Leasing Digitizes
   End-to-End Transaction Lifecycle with DocuSign & eOriginal
- "Your lease rates are too high"
- Bulletin Board Complaint
   Balboa Capital, Irvine, California
- Provide “Added Value” by Protecting Your Customer
    Get Repeat Customer/Vendor Business with These Tips
      By Christopher Menkin
- Reader Complaint About LEAF Financial Investment (Collection)
- 2015 U.S. Digital Future in Focus
     by comScore
- Report: “The Impact of Alternative Financing on the
    Equipment Leasing and Finance Industry"
- The Equipment Leasing and Finance Foundation Releases
 study "Digital Documents in the Equipment Finance Industry”
- Bulletin Board Complaint Matrix Business Capital
    First Response to Cease & Desist
- US Business Funding, Newport Beach, California
  Bulletin Board Complaint $5,915 Deposit Made in 2013
- Update--Balboa Files: "It was an Operating Lease"
   By Tom McCurnin and Frank Peretore 
- Leasing Brokers: When May You Collect a Commission?
- Bulletin Board Complaint
    Integrity Financial Groups, Alpine, Utah
- “Capital” or “Finance” in Name, Better Have a License
- Bulletin Board Complaint
  Brian Acosta/Matrix Business Capital
- Maricle Found Guilty in Not Returning Advance Fees  
- Balboa Capital Sued in Federal Court for
        Bait and Switch Sales Tactics
- Details, Details...How Important are they?
   Very, When the Lessor Sneaks in a Blanket Lien
- What is Leasing?
    Legal Definitions by Leasing News Legal Editor Tom McCurnin
- Invest in Your Country
  U.S. Savings Bonds
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Look Out!!! --Two Evergreen/PRR Clause Lessors Merge
   Onset Financial/Mazuma Capital
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Jeff Taylor's Leasing Predictions, Spring, 2006
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West

   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs