Add me to mailing list    |           |      Search

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



Financial Funding Services, LLC

Sales/Regional Office

Generous Compensation with above average industry commission splits/unlimited income potential, six figures plus and nationwide financing for A – D credit.
Click here for more info.

Friday, March 16, 2007


Asset Managers---Classified Ads
    Bentsen Testifies Before Ways and Means Committee
        Vice-Chair CIT Finance forced to resign?
    Conseco Bankruptcy a Scam???
Help Wanted---Classified Ads
    To Tell the Truth
    "Late Fees" by Tom McCurnin, Esq
Advantage Funding hires Rose Zerillo as Op. Mgr
    GE Appoints Four Company Officers
        Alta Group Conference/How Technology Platforms
CIT Surpasses $1 Billion Milestone with NetJets
    Wal-Mart Is Said to Have Big Banking Plans
        Freddie Mac: Rates on 30-year mortgages
California home sales fall to 10-year low
    News Briefs---
        You May have Missed---
California Nuts Brief---
    "Gimme that Wine"
        Calendar Events
Snapple Real Facts
    Today's Top Event in History
        This Day in American History
Winter Poem
        Daily Puzzle

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


Asset Managers---Classified Ads

Bloomfield Township, MI
15+ yrs experience asset management and credit analyst. Leadership and training skills. Audited returns, max residual, lease end and resale negotiator.

Boston, MA
10yrs exp structuring/modeling sophisticated lease/ loan products. Expert programmer: customized portfolio mgmt, securitization, economic capital & pricing applications. Available for contract work.

Chicago, IL
MBA, 15+ years exp. Long history of success in maximizing residual position through outstanding negotiation skills & lease contract management. Third party re-marketing, forecasting etc...

Chicago, IL
2+ Years Exp. Asset Remarketing Transportation/ Medical/Cosmetic Equipment; Superior End Of Lease Negotiation Skills; Comprehensive Buyer Contacts; Available Immediately For Assignment

Princeton, NJ
Asset management/credit/collection
20+ years experience in equipment financing. Last five years in Asset Management including remarketing, end of lease negotiations, equipment and market evaluations

Sausalito, CA
Sr. Corp. officer, presently serving as consultant, fins. service background, M&A, fund raising, great workout expertise, references

Sonoma, CA
20+ years managing/ maximizing residual values, exp. computers/ hi-tech mfg. Excellent negotiation skills. Outstanding 3rd party contacts/buyers. Created deal winning structures-established residual values.

Wilton, CT
18 years exp. in IT and High Tech leasing industry. Residual forecasting, workouts, off-lease sales, mid-term restructures, auctions, all aspects of remarketing and equipment management.

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



Bentsen Testifies Before Ways and Means Committee

ELFA eNews Daily

Equipment Leasing and Finance Association president Kenneth E. Bentsen, Jr., testified Wednesday, March 14, before the House Committee on Ways and Means about the impact that the revenue increases included in H.R. 2, the "Small Business and Work Opportunity Act of 2007" would have on the equipment leasing and finance industry. Bentsen was part of a panel of key business representatives invited by The Ways and Means Committee to provide their industries' views on the measures.

ELFA President Kenneth E. Bentsen, Jr.

Recognized as the “Honorable Kenneth E. Bentsen” as a former US Congressman, he told the Committee that the Senate proposal to change the effective date for cross border leases under IRC section 470 is a retroactive tax increase with negative tax and accounting implications and, in addition, the provision will undermine taxpayers' due process rights.

"The real issue is one of policy and process--the use of retroactive tax law changes to raise revenue as the Senate version of H.R.2 clearly does, and the due process of taxpayers, which the Senate bill undermines. We believe such actions are fundamentally unfair and unwise. If retroactive tax policy is pursued in this instance, there is no reason to believe that retroactivity would not be pursued elsewhere, thus undermining all reliance on our U.S. tax laws," Bentsen said.

"The imposition of this retroactive provision would result in irreparable damage to investor confidence in the leasing market going forward and impede the Congress' ability to utilize the tax code as a means to spur investment," said Bentsen.

Representing other affected industries on the panel were:
Greg Heaslip, Vice President - Benefits, PespsiCo, Inc., Purchase, New York; Kenneth R. Petrini, Vice President - Taxes, Air Products and Chemicals, Inc., Allentown, Pennsylvania, on behalf of the National Association of Manufacturers; and Edward D. Kleinbard, Partner, Cleary Gottlieb Steen & Hamilton LLP, New York, on behalf of the Securities Industry and Financial Markets Association.

Within the next few weeks conferees from the House and Senate are expected to meet in a joint conference to resolve this issue.

Congressional Record:
Full text of Honorable Kenneth Bentsen's prepared testimony:



Oh, No! Mr. Bill!

Vice-Chair CIT Finance forced to resign?

by Christopher Menkin

Without much fanfare the CIT Group appears to have moved Frederick “Rick” Wolfert out as vice-chairman, commercial finance.

Rick Wolfert

It was surprising to many colleagues to hear the news, particularly at the start of CIT’s major global branding campaign. It also came at a time of successful goals being met, such as the news from
Thomas B. Hallman, CIT Vice Chairman, Specialty Finance, about the acquisition of Barclays UK and German vendor finance businesses expansion; in Florida, digital reaching $2 billion; CIT Vendor Finance U.S surpassing the $2 billion mark in credit applications submitted online; and surpassing $1 billion in total lease and loan originations with owners of its long-time commercial partner, NetJets; plus the announcement this week that CIT was offering to purchase for cash any and all of its outstanding 7.75% Senior Notes due April 2, 2012.

To those that Leasing News spoke to, it just didn’t make much sense.

Colleagues, current at CIT, and past at Key and GE Healtcare, told us they were all surprised. Leasing News found itself in a similar position as to why Paul Weiss resigned in December from ICON Capital, largest public equity lease fund in North America.

An inquiry to a Goldman-Sachs analyst found him quiet on answers, but asking many questions about LeNature, some other transactions, that all sounded like it was coming out of left field.

There was speculation of some internal politics, but no one on the board of directors was talking, as if they knew? Perhaps Wolfert was about to be replaced.

January 8, 2007, Leasing News reported that Walter J. Owens (46) was named President of CIT Corporate Finance.

Walter J. Owens

The press release stated: “In this newly created position he will work closely with CIT’s Corporate Finance business unit leaders to assess their current go-to-market models; develop an integrated distribution platform to serve a broad range of product offerings and customer segments, and improve operational efficiencies. He will report directly to Rick Wolfert, CIT Vice Chairman, Commercial Finance, and will continue to serve as a member of the Office of the Chair. “

Wolfert did not return calls to Leasing News from his New York office. CIT Media Curt Ritter, Director of External Communications and Media Relations, responded to our inquiry with a copy of the press release that contained the obvious perfunctory statement by Jeffrey M. Peek, CIT Chairman and CEO:

Jeffrey M. Peek, CIT Chairman/CEO

“I want to thank Rick for his dedication to CIT over the past three years. His leadership in overseeing the successful transformation of our Commercial Finance division and his efforts in establishing a talented executive management team have played an important role in CIT’s success. We wish him the very best in his future endeavors.”

Now that is a good “kiss off” statement if I have ever read one.

Wolfert is best perhaps known in the leasing industry as “integrating”
Heller Financial into GE’s acquisition of Heller.

A CIT press release in announcing his original appointment in 2004 stated: “Mr. Wolfert integrated the Heller Financial Healthcare business with several healthcare finance businesses within GE Capital and established one of the largest financial services providers to companies in the healthcare industry...

“Since 2001, he has served as President and CEO of GE Healthcare Finance. Prior to joining GE, he was President and Chief Operating Officer of Heller Financial Corporation and was Chairman, President and CEO of KeyBank USA and of KeyCorp Leasing Ltd. Prior to joining KeyCorp in 1988; he was employed by U.S. Leasing Corporation as Vice President, Business Development.”

He also was (perhaps is) still very active in the Equipment Leasing and Finance Association, former chairman of the membership committee, and currently serving on several committees.

This is what we do know:

Frederick (Rick) Wolfert was named by Peek as Vice Chairman, Commercial Finance, effective September 13, 2004. A press release of the event stated:

“In the newly-created position, Mr. Wolfert joins the Office of the Chairman and will report to President and CEO Jeffrey M. Peek with responsibility for the management of CIT's Capital Finance, Equipment Finance, Business Credit and Commercial Services business units, which provide lending, leasing, and advisory services for the transportation, construction, retail, manufacturing, energy, media and communications, and healthcare industries.

“Mr. Wolfert will oversee new and existing business opportunities across each of these units in an effort to expand customer relationships and grow business more efficiently.

“ Mr. Wolfert's appointment underscores the company's strategy of targeting high-growth economic sectors and increasing operating efficiencies through synergistic industry alignments that provide enterprise wide financing solutions for customers. Mr. Wolfert and Thomas B. Hallman, Vice Chairman, Specialty Finance, will be responsible for all CIT's day-to-day business operations.

“ Mr. Peek commented, ‘Rick is an outstanding addition to our highly-talented management team; he brings a wealth of complementary experience in the field of commercial finance as well as a dynamic leadership style and unparalleled expertise in the healthcare industry -- one of CIT's key target sectors going forward. I expect Rick's strategic and operational skills will be invaluable to the organization and central to our success going forward."

"This is an exciting time at CIT, with tremendous opportunities for growth and development," Mr. Wolfert said. "CIT has an excellent reputation in the marketplace and is well positioned to capture significant market share in strategically-important vertical markets such as healthcare. Given the rapid consolidation taking place in financial services, there are a growing number of underserved sectors where customers are eager for a partner that understands their industry and can deliver a broad range of financial solutions. I believe CIT is uniquely positioned to capitalize on these opportunities."

Wolfert Press Release

CIT Global Branding Campaign

Kirschenbaum bond + partner --agency for CIT Global Branding



(Conseco Bankruptcy a Scam???

(Leslie Dick calls for an investigation into “irregularities”

Conseco Finance Vendor Service (1/2003) Bankruptcy judge OKs auction plans for Conseco Finance 12/2002---In the third- largest bankruptcy in U.S. history, Conseco Inc. filed for Chapter 11 protection after four months of talks with creditors to restructure the insurance and finance company's $6.5 billion in debt. Although the filing was not surprising given Conseco's recent woes, it marked a dramatic downfall for a company whose stock was once a Wall Street darling. From 1988 to 1998, the company's stock averaged a total return of 47 percent per year and Conseco shares traded as high as $58. Today, the stock trades at less than a nickel per share. The filing follows a years long tailspin after the conglomerate's aggressive acquisition strategy in the 1990s backfired. ( 12/2000) purchased by Wells Fargo Leasing.)

Leslie Dick Worldwide Ltd. Requests Bankruptcy Fraud Investigation in Re: Conseco, INC. Case No. 02-B49 672 with specific focus on George "Soros" Investors

NEW YORK, NY – Leslie Dick, President of Leslie Dick Worldwide Ltd. has called for an investigation by the US Bankruptcy Trustee for criminal violations of the US Bankruptcy Code. Leslie Dick has asked that certain irregularities, both in the Bankruptcy Filing and the Sale of its two major Assets, the General Motors Building and Conseco Finance be fully investigated and examined.

Conseco Bankruptcy

In December of 2002, Conseco, Inc. filed for Chapter 11 Bankruptcy Protection in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division Honorable Carol A. Doyle presiding. The Bankruptcy filing by Conseco was the third largest in US history trailing only those of Enron and Worldcom.

Conseco Finance Bankruptcy

On December 18, 2002 a Conseco press release announcing the Chapter 11 filing is entitled:

“Conseco, Inc. Reaches Agreement in Principle on Restructuring with Banks and Bondholders”

It further states, that “Insurance Operations Not Included in Filing” and “Conseco Finance Corp. Reaches Agreement in Principle to Sell Assets through Separate Chapter 11 filing.

Also on December 18, 2002, Conseco Finance Corporation (Green Tree Financial Corporation) (1) announced a Chapter 11 Filing & Sale entitled:

“Conseco Finance Corp. Reaches Agreement in Principle to Sell Company’s Assets to CFN Investment Holdings LLC, a Joint Venture of Fortress Investment Group LLC, J.C. Flowers & Co., LLC, and Cerberus Capital Management, L.P.”

Also on December 18, 2002, Conseco stated:

“In conjunction with the Chapter 11 filing as required under Section 363 of the Bankruptcy Code, Conseco Finance Corp. will file a Motion seeking to establish bidding procedures for an auction that will allow other qualified bidders to submit higher and better offers to purchase the company’s assets.” (2)

George “Soros” Investors Obtain Major Assets of Bankruptcy Estate

“Soros” investors that purchased Conseco’s main Bankruptcy Asset Conseco Finance, also provided Conseco with Debtor in Possession financing of approximately $150 Million Dollars at/or prior to Conseco filing for Chapter 11 Bankruptcy protection. “FPS” DIP financing, a Delaware Limited Liability Company was the entity set up to fund Conseco’s Debtor in Possession financing.

The facts are undisputed that “Soros” investors acquired Conseco Finance for less than one-eighth of what Conseco paid for it less than 5 years earlier. It is our opinion that Harry Macklowe (as a straw front-man for George Soros) acquired the General Motors Building in New York for $100 Million Dollars less that the highest bidder, Leslie Dick Worldwide, Ltd.

The General Motors Building is owned and controlled by George Soros

As alleged in the Verified Amended Complaint the fraudulent General Motors Building “Auction”, was part of an overall Bankruptcy Fraud scheme.

In August of 2003, Leslie Dick Worldwide Ltd. bid $1.5 Billion Dollars in the second round of bidding ($1.456 Billion Dollars on the 1st Bid) – yet the GM Building was sold by Conseco, Inc. to Macklowe Properties for $1.4 Billion Dollars (as a Straw front-man for George Soros) – since all of the equity to close the transaction came from “Soros” owned and controlled companies. The net result is and was that at least $100 Million Dollars less went to the Creditors.

Recently filed Affidavits under oath by Mr. Leslie Dick, attest to the fact that Harry Macklowe is not the owner of the General Motors Building – and never has been. The owner was and is George Soros. The Amended Verified complaint describes a price-fixing, bid-rigging and/or market allocation scheme and conspiracy, that when conclusively proven will make it one of the largest Real Estate Frauds ever perpetrated in the United States of America. Plaintiff Leslie Dick Worldwide Ltd. has filed an Appeal seeking to have his erroneously dismissed Amended Verified Complaint (3) reinstated and allowed to proceed to Trial.

Request for Criminal Investigation and Prosecution

Based upon the facts which our investigation have discovered, it’s our opinion that the Conseco Bankruptcy (for certain of its Assets) was a pre-planned fraudulent Bankruptcy filing, in that, both of the major Assets (Conseco Finance and GM Building) could have been sold at higher market prices without a bankruptcy filing – but for the alleged illegal scheme to obtain these Assets via an illegal and secret agreement. The conspirators have been “aided and abetted” in the scheme and its cover-up by certain brokers, lawyers, and others in the commission of the alleged crimes referenced above, as outlined in the New York Complaint and Affidavits.

Defendant Soros Prior Acts

Public information and news sources reveal that Mr. George Soros was convicted of a felony for insider trading in a French Court and fined $2.2 Million Dollars. The conviction was held up by the French Court of Appeals. From England, Italy, Russia, Argentina, Malaysia, Indonesia, Philippines, etc., George Soros has been accused of the manipulative business practices and schemes inflicted upon them. In fact, Taiwan issued a special decree that threatened “any person cooperating with Soros Funds” would be charged with a criminal offense.

Threats of Isolation and Retaliation

As alleged in the Verified Amended Complaint, George Soros, through his representative “agents” stated that “if Plaintiffs persisted in their attempts to uncover the bid-rigging scheme, they would be black balled from any deal of consequence in the New York market”.

A Call for Public Information

Any persons having knowledge of the events described herein may contact the undersigned or forward such information directly to the Executive Office for US Trustees.

Contact: Leslie Dick, President
Leslie Dick Worldwide, Ltd.
(917) 362-7111 E-Mail:

Information to: Executive Office for US Trustees
Criminal Enforcement Unit
20 Massachusetts Avenue, NW
Suite 8000
Washington, DC 20530



Leasing Industry Help Wanted

Assistant Manager

Assistant Manager
San Francisco, California

Excellent opportunity to work with growing equipment leasing bank division, excellent reputation. Click here for more information.

First Republic Bank has offices in the San Francisco Bay Area, throughout California, and in Portland, Seattle, Las Vegas, Boston and New York.

Credit Analyst

Credit Analyst
Irvine, California

Southern California candidates only--Minimum two years experience with leasing credits, $40-$45K base depending on experience.
Call or e-mail: Pamela Stuber 800-234-0136 ext. 243

About Us: As a leader in equipment financing we have created funding partnerships with a wide variety of financial institutions and specialized credit facilities. This diversity allows us to be a complete funding partner for your business.

Sales Regional Office

Financial Funding Services, LLC

Sales/Regional Office

Generous Compensation with above average industry commission splits/unlimited income potential, six figures plus and nationwide financing for A – D credit.
Click here for more info.

Small Ticket Specialists

Three Small Ticket Specialists

Ft. Lauderdale, FL, Nashville, TN, and
Richmond, VA.
Click here for more information.



Late Fees
by Tom McCurnin, Esq.
Barton, Klugman & Oetting
Los Angeles, California

Leasing News invites distinguished attorneys who specialize in leasing and finance to contribute legal matters, information, and education that would be of interest to Leasing News readers.

1. Generally, throughout the United States, late fees are an issue of contract law. If the contract is valid, then the amount of the late fees will be upheld.

2. Many lessees argue that the amount of the late fees is unfair, or "unconscionable." Decisions are all over the map on this issue. Suffice to say that I have yet to find a case which says that the typical late fee charge 5-10% of the actual late payment is unconscionable. On larger deals, we try to get an opinion of debtor's counsel and there is a plethora of law that if the borrower has advice of counsel, there can be no unconscionability claim. Two of the cases are Adams v. Adams, 603 S.E.2d 273 (Ga. 2004); Roussalis v. Wyoming Medical Center, Inc., 4 P.3d 209 (Wyo.2000).

3. One Supreme Court case holds that late charges are just another form of interest (this would be applicable only to a lease intended as security) and that if the lender is exempt from usury (National Bank or licensed lender), then any late charge is enforceable. So, in California on a lease intended as security, if the lender is licensed, it would appear that any interest rate should fly. In other states where no commercial contract is subject to usury, then any rate should also be fine.

4. There are a couple of cases out there, most notably Garcia v. Canan 851 F.Supp. 327 (ND Ill. 1994) holding that a 10% late charge on the whole of the delinquent payments (as opposed to a one time assessment against a single discreet late payment) is a penalty.

Another case I've run into is Leasing Services v. Eastern Equipment 11 B.R. 732 (SD WVa. 1981), an awful case which hold that in bankruptcy the court can strip a lease intended as security down to its components, impute a hypothetical interest figure, back off unearned interest, and back off late charges which are accrued to the overall balance as opposed to a one time assessment of a single discreet late payment.

The bottom line to this issue, is that while the lease or contract can say whatever you want for late charges, and it may be enforceable, I would not feel comfortable with an amount over 10% of the actual late payment, and I would not want to aggregate the late charges, e.g., 10% of the whole delinquent balance, which is essentially interest on interest.

In addition, if the lease is a loan (lease intended as security) there are very adverse consequences in bankruptcy, with the court having the authority to back off unearned interest and late charges.

If any of your readers have any questions, or want additional citations (this issue was litigated in a New Jersey Bankruptcy matter), please have them email me directly.


Tom McCurnin
Barton, Klugman & Oetting
Los Angeles, California
Voice:(213) 621-4000
Fax (213) 625-1832

Visit our Web Site at


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

Advantage Funding hires Rose Zerillo as Operations Manager

LONG ISLAND CITY, NEW YORK, -- The Advantage Funding group of companies announced that Rose Zerillo has been hired as Operations Manager.

“Working in various banking positions for over 25 years, Rosie brings a wealth of knowledge and experience in operations, funding, human resources and management. We look forward to working with her as we aggressively expand our business,” said Edward P. Kaye, President.

Prior to joining Advantage Funding, Rose Zerillo began her career at Tilden Commercial Alliance which was subsequently acquired by Sovereign Bank and most recently spent the last seven years as Sr. Operations Officer with All Points Capital Corp., the commercial equipment leasing and finance division of North Fork Bank.

“I’m fortunate to have the opportunity to participate in Advantage Funding’s continued growth and look forward to my new position,” said Ms. Zerillo.

Advantage Funding is a leading vehicle and equipment leasing and financing company to the ground transportation industry. It was recently acquired by Marubeni Motor Holdings, a subsidiary of Marubeni America Corporation, the multinational general Japanese trading company.

For more information contact or


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

GE Appoints Four Company Officers

FAIRFIELD, Conn.----GE today the appointment of four new company officers.

Diane Cooper, 47, is President & CEO, Equipment Finance Services, Capital Solutions, GE Commercial Finance. In July 2005, Cooper became President & CEO, Franchise Finance, Capital Solutions. Prior to that, she was President & CEO, Storage USA, also a component of GE Commercial Finance. In 1999, she was Senior Vice President, Card Services, within JCPenny Credit Services, a GE Money Company. Cooper received her Masters in Business Administration from Baker University in Kansas in 1995 and her B.A. in Business Administration from Baker in 1993.

Alex Dimitrief, 48, is Vice President and Senior Counsel, Litigation and Legal Policy. Dimitrief joined the company February 1, 2007. He joined GE from Kirkland & Ellis, LLP, where he has been since 1986 and became a partner in 1991. His practice has spanned many industries, jurisdictions and subjects, including regulatory matters, securities, IP, product liability, environmental and bankruptcy cases. Dimitrief graduated magna cum laude from the Harvard Law School in 1985 where he was Managing Editor of the Harvard Law Review. He received his B.A. summa cum laude with a focus on Economics & Political Science from Yale College in 1981.

Lorenzo Simonelli, 33, is President & CEO, Consumer & Industrial, Europe, Middle East & Africa, GE Industrial. Simonelli assumed this role in January 2007. Prior to this role, he was General Manager, Product Management for GE Consumer & Industrial, a role he held from 2005 to 2007. Simonelli joined GE in 1994 and graduated from the Company's Financial Management Program (FMP) in 1997. He was a member of GE's Corporate Audit Staff from 1997 to 2002, rising to the role of Executive Audit Manager. Simonelli joined GE Consumer & Industrial (C&I) in 2002 and held a number of finance leadership roles including Global FP&A manager, and Chief Financial Officer for the Americas pole. Simonelli graduated from Cardiff University in the United Kingdom with a B.S in Business Administration, Economics and Marketing in 1994.

David E. Tucker, 46, is Chief Operating Officer, VetcoGray, a newly acquired business of GE Oil & Gas. Prior to this role, he was General Manager, Power Service, GE Energy. From 2001 to 2004, Tucker was General Manager, Business Development, GE Energy. Before that, he held a number of finance roles including Vice President, GE Capital Audit Staff, Vice President and Chief Financial Officer, GECS Equipment Management Service, Senior Vice President & Chief Financial Officer, Vendor Financial Services within GE Commercial Finance, and Executive Audit manager with the Corporate Audit Staff. Tucker graduated from Bentley College in Waltham, Massachusetts with a B.S. in Finance in 1984 and GE's Financial Management Program (FMP) in 1987.

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at


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

Alta Group Conference Explores How Technology Platforms
Drive Business, Reduce Margin Compression

LAKE TAHOE, Nev., -- How can equipment leasing and finance executives effectively compete, reduce margin pressures and prosper with ever increasing competition and pressure from stockholders?

One strategy is to ensure that their technology platforms drive more business and lead to greater efficiency,” says Shawn Halladay, managing principal of The Alta Group’s professional development division. “Lessors are increasingly seeking to solve their toughest business challenges through technology and business process optimization,” says the host of The Alta Group’s third annual information technology conference.

Shawn Halladay

This year’s event is focused on the theme, “Combating Margin Compression,” and will be held in Chicago, April 18-20, at the Marriott Oakbrook Hotel.

Speakers representing consultancies, technology firms and equipment leasing and finance companies will discuss information technology from a broad business viewpoint to a very technical perspective. The conference is designed for COOs, CFOs, CIOs, IT managers, portfolio/equipment managers, conversion specialists, auditors and quality teams.

“Margin compression is on everyone’s mind these days,” Halladay said. “The goal of this two and a half-day event is to open up the various technology applications and see how they work to drive business and optimize business operations.”

Halladay has worked in the equipment leasing and finance industry for more than 20 years, as a lessor, trainer, consultant and auditor. His professional experience includes all leasing sectors and he has served customers in North America, South America, Asia and Europe. He has authored eight books on equipment leasing. Halladay serves on the political action and service providers committees of the Equipment Leasing and Finance Association, as well as the editorial board of the Journal of Equipment Lease Financing.

In addition to Halladay, scheduled speakers for this year’s conference include another well known leasing educator and industry author, Dr. James Johnson, PhD., Northern Illinois University School of Business. He will discuss how lessors should position themselves to survive in the mature asset finance industry. Dr. Johnson has written or co-authored several books on equipment leasing, including Power Tools for Successful Leasing, Technology Leasing: Power Tools for Lessees and Power Tools for Small Ticket Leasing.

Other speakers include Mike Zoretich, of Bearing Point; and Mark Belec, with Third Pillar; Andrew Denton, CHP Consulting; Tom Dawson, IDS Group, Andrew Lea, McCue Systems; Joseph Franco, Oracle; and consultant Tom Matlon.

Topics include outsourcing, cost controls, system selection, accounting dynamics, migration to new platforms, regulatory compliance management and optimizing the performance of a legacy platform.

During the conference, leading technology providers, such as CHP Consulting, IDS Group, McCue Systems and Oracle, will conduct comprehensive functionality demonstrations of their technology platforms. They will introduce the latest features of their systems, and how customers are using technology to respond to the dynamic changes taking place in the industry and common business pressures.

“The functionality demos using transaction data provided by the conference organizers provide lessors in attendance with a clear understanding of how the technology platforms will work in real-world situations,” said Justin Cooper, president, CHP North America. “Everyone uses the same data and scenarios, making comparisons easy.”

The cost to attend is $1,495. Persons interested in registering for the conference can call Kaye Kreeder at 801.322.4499 or email For more information, visit

About The Alta Group:
The Alta Group is a global consultancy serving equipment leasing and finance companies, investment professionals, manufacturers, banks and government organizations. Founded in 1992, The Alta Group supports clients in North America; Latin America; Western, Central and Eastern Europe; Australia and China. For more information, please visit


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

CIT Surpasses $1 Billion Milestone with NetJets

NEW YORK – – CIT Group Inc. (NYSE: CIT) a leading global provider of commercial and consumer finance solutions, announced that it has surpassed $1 billion in total lease and loan originations with owners of its long-time commercial partner, NetJets, the pioneer and global leader in the fractional aircraft industry.

“This $1 billion milestone reflects the strength of our relationship with NetJets over the past 12 years,” said C. Jeffrey Knittel, President of CIT Aerospace. “We are proud of this accomplishment and our ability to provide NetJets’ customers with a wide range of competitive, flexible and easy-to-use loan and lease options.”

John Colucci, Executive Vice President of NetJets, said, “NetJets Owners have a wide range of financial needs. CIT is able to customize competitively priced lease and loan products to suit any situation and provides incredible service at the same time. Having CIT as part of the NetJets toolkit has been another reason we sell more fractional shares than all other companies combined.”

In support of the long-term growth of NetJets, CIT also developed a fleet financing program with the first and leading provider of private jet cards, Marquis Jet Partners . This program was rolled out in 2006 with 15 corporate aircraft that ranged from the light-cabin Raytheon Hawker 400XP up to the large-cabin and long-range Falcon 2000 and Gulfstream 450 models. The Marquis Jet Card allows clients to purchase subleases on NetJets aircraft in 25-hour increments and to experience the NetJets program.

Henry Schachar, President of Marquis Jet, said, “Working with CIT has been terrific. It has allowed us to accelerate our plans to expand our private jet card business and provide our card owners with access to the newest aircraft in the NetJets fleet as both we and NetJets grow our respective programs.”

About CIT

CIT Group Inc. (NYSE: CIT), a leading global commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has more than $74 billion in managed assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member of the S&P 500 Index, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its global headquarters in New York City, CIT has more than 7,300 employees in locations throughout North America, Europe, Latin America, and Asia Pacific.

About NetJets Inc.

NetJets Inc., a Berkshire Hathaway company, provides the safest and most secure private aviation solutions in the world. NetJets fractional aircraft ownership allows individuals and companies to buy a share of a private business jet at a fraction of the cost of whole aircraft ownership, and guarantees availability 365 days a year with just a few hours’ notice. The NetJets programs worldwide offer the largest and most diversified fleet in private aviation, which includes 14 of the most popular business jets in the world. Access to the NetJets fleet is also available in the form of a short-term lease, sold on an all-inclusive, pre-paid basis in 25-hour increments, through an exclusive alliance with Marquis Jet Partners. NetJets Inc. also offers aircraft management, charter management, and on-demand charter services through its subsidiary, Executive Jet Management. More information on NetJets, the Marquis Jet Program, and Executive Jet Management is available at .

The Gulfstream Large Cabin Fleet is operated by NetJets International. The BBJ is operated by NetJets Large Aircraft Company. All other aircraft offered by NetJets in the United State s are operated by NetJets Aviation. Each of these operating companies is a wholly owned subsidiary of NetJets Inc. All aircraft offered by NetJets in Europe are operated by NetJets Transportes Aéreos, SA a Portuguese/EU Air Carrier. The Marquis Jet Card Program is operated by NetJets under its FAR Part 135 Air Carrier Certificate. NetJets has an affiliation with the provider of the NetJets Middle East Program.

About Marquis Jet
Founded in 2001, Marquis Jet is the leader in private jet cards. Through its exclusive alliance with NetJets, Marquis Jet provides the convenience, quality and safety of the world’s premier fractional aircraft ownership program 25 hours at a time. The Marquis Jet Card is available throughout North America, catering to businesses and individuals who desire access to the world’s best fleet and service. Business Traveler Magazine, Executive Travel Magazine, Robb Report and Flight International have recognized the Marquis Jet Card as the best jet card program. The Marquis Jet Card program is operated by NetJets Aviation, Inc. or NetJets International, Inc. under their respective FAR Part 135 Air Carrier Certificates. For additional information, visit the Company’s website at or call 1-866-JET-1400.


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

News Briefs----

Wal-Mart Is Said to Have Big Banking Plans

Freddie Mac: Rates on 30-year mortgages remain at lowest level of the year

California home sales fall to 10-year low for February

Santa Clara County resale home prices up 4%

Some subprime woes linked to hodgepodge of regulators

Current account trade deficit sets annual record in 2006, improves in Q4

'Idol' finalists now get paychecks as professionals



You May have Missed---

Mexico billionaire gains on Gates



California Nuts Briefs---

Surrounded by legislators Ron Calderon, Fabian Nunez and Dick Ackerman, Gov. Arnold Schwarzenegger signs legislation authored by Calderon moving the state's presidential primary to February.
Sacramento Bee/Brian Baer

Governor signs bill for February primary



“Gimme that Wine”

Making the most of Mustard

10 luxury wine spas

Woo your lady with a wet wine dress!

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



Calendar Events This Day

Black Press Day
Anniversary of the first Black Newspaper
Founding of the Freedom’s Journal, on Varick Street, at New York, March 16, 1827.

Buzzard Day

Curlew Day
Traditional arrival date for the long-billed curlew at the Umatilla (Oregon) National Wildlife Refuge. More than 500 of the long-billed curlews have been reported at this location during their nesting season.

Freedom of Information Day
The American Library Association supports free and open access to government information created at taxpayer expense. On or near the birthday of James Madison (March 16) ALA urges libraries and librarians to join in celebrating the public’s “right to know” by sponsoring activities to educate their communities about the important of promoting and protecting freedom of information.

Everything You Do Is Right Day

Goddard Day:
Commemorates first liquid-fuel powered rocket flight launched by Robert Hutchings Goddard
(1882-1945) at Auburn, MA.

Hiccup Day

Lips Appreciation Day
Where would all those lovely teeth we paid a bundle for be without a lovely frame? Do something for your lips today. Buy a lip balm

National Artichoke Hearts Day

Saint Urho’s Day
Join the parade and party to honor the tongue-in-cheek patron saint (invented in 1956) who drove the grasshoppers out of the vineyards in Finland. Hood River, Oregon.

Saint Feast Days



Grapes are the most popular fruit in the world.

(According to the internet, this is then the 12th incorrect Real Facts:)

Tomatoes are the most popular fruit in the world:
Banana most popular in US
but third in the world
Grapes are sixth in U.S.



Today's Top Event in History

1968 --Senator Robert Kennedy, former Attorney General and brother of former president John F. Kennedy (1961-63) ends months of debate by announcing that he will enter the 1968 Presidential race. He is popular due to the anti-war mood in the US as liberals back Senator Eugene McCarthy in opposition to "Hey, Hey! LBJ" Johnson.


This Day in American History

    1739-Birthday of George Clymer, Signer of the Declaration of Independence and of the US Constitution. Born at Philadelphia, PA and died there Jan 24, 1813. British troops advancing on Philadelphia detoured for the purpose of vandalizing Clymer's home in Chester County about 25 miles outside the city. His wife and children hid nearby in the woods. He was considered the smartest and most respected of the signers, except for Benjamin Franklin.
    1751-Birthday of James Madison. 4th president of the US (March 4,1809—March 3,1817), born at Port Conway, Virginia, 1751. He was president when British forces invaded Washington, DC, requiring Madison and other high officials to flee while the British burned the Capitol, the president’s residence and most other public buildings (August 24—25,1814). Died at Montpelier, VA, June 28, 1836.
(second part of: )
    1802-U.S. Military Academy founded. President Thomas Jefferson signed legislation establishing the US Military Academy to train officers for the army. The college is located at West Point, NY, on the site of the oldest continuously occupied military post in America. Women were admitted to West Point in 1976. The academy’s motto is “ Duty, Honor, County.”
For more info:
    1822-John Pope Birthday, a Union general in the Civil War, was born at Louisville, KY, graduated from West Point in 1842 and fought under General Zachary Taylor in the Mexican War. During the Civil War President Abraham Lincoln put Pope in charge of the Army of Virginia. He led the Union forces at the second Battle of Bull Run (August 1862) to a disastrous defeat, losing about 15,000 troops. He was immediately relieved of his command and sent to Minnesota to handle rioting Sioux Indians. Pope continued to deal with Indian matters until 1883 and eventually espoused the goal of assimilation into white culture. Pope was a well-informed commander with a real understanding of and empathy for the problems of the Indians as well as the nearby white settlements. He died at Ohio at age 70, Sept 23, 1892.
    1827- the first black newspaper went to press in the U.S., “Freedom’s Journal,” on Varick Street, New York, NY. The paper was founded by John Russwurm and Samuel Cornish.
    1843-a great northeast snowstorm swept from the Gulf of Mexico to Maine. Natchez, Tennessee received 4 inches and Shelbyville, Tennessee received 21 inches. Philadelphia and New York City each received 12 inches, and Concord, New Hampshire recorded 8 inches.
    1850 -- Nathaniel Hawthorne's The Scarlet Letter is published.
    1862- Battle at Pound Gap KY (near Virginia): Confederates separate battles
    1870- Hiram R Revels makes the first official speech by a black in the Senate
    1875 -- Percy MacKaye lives, New York. American poet/playwright whose use of historical & contemporary folk literature furthered the development of the pageant in the US. Coauthor, St. Louis: A Civic Masque (performed 1914 with 7,500 participants).
    1892-birthday of music union boss James C. Petrillo
    1909-Don Raye born Washington, DC. Songwriter of “Ill Remember April,” “Star Eyes,” “Boogie Woogie Bugle Boy,” and many other swing standards.
    1916- Brig. General John. J. Pershing entered Mexico on a punitive expedition in pursuit of Pancho Villa and his brigands.
    1916- The Dixieland Jass Band opened at Schiller’s Cafe in Chicago. The band included Dominque La Rocca, Eddie Edwards, Henry Ragas, Alcide “Yellow” Nunez, and Tony Sbarbaro. It achieved great popularity and with somewhat different personnel, went on to New York City in the following year, where it was billed as The Original Dixieland Jass Band. There are recordings of this group, san the drums as they did not have the recording ability for this “low” sound. Many of the bands adopted Tuba players, primarily for recording purposes, and Turk Murphy in his first revival
had a tuba player, not a drummer ( I have that first shellac recording ).
    1918- "K-K-K-Katy," subtitled "The Stammering Song," written by Chatham, Ontario composer Geoffrey O'Hara, was published. It became one of the most popular songs of the First World War era, selling more than a million copies in sheet music. The song was also a big hit when recorded by American tenor Billy Murray. O'Hara wrote the song while on a visit to Kingston, Ontario.
    1926-The first man to give hope to dreams of space travel, Robert H. Goddard, successfully launches the world's first liquid-fueled rocket from his Aunt Effie's farm at Auburn, Massachusetts. The rocket traveled for 2.5 seconds at a speed of about 100 km/h, reaching an altitude of 12.5 meters and landing 56 meters away. The rocket was 3 meters tall, constructed out of thin pipes, and was fueled by liquid oxygen and gasoline.
    1927-birthday of corner player Reuben “Ruby” Braff born Boston MA,,407350,00.html?artist=Ruby+Braff
    1930- birthday of pianist Tommy Flanagan born Detroit MI. He made his professional debut at 15 playing with musicians such as Milt Jackson, Thad Jones, Elvin Jones and Kenny Burrell at Detroit’s Famous “Blue Bird Inn.” In 1956, Flanagan came to New York, where his first job was to sit in for Bud Powell at Birdland. Soon the young pianist was tapped for recording dates with jazz greats like Sonny Rollins, John Coltrane, Charles Mingus and Miles Davis. He was one of Miles Davis’s favorite pianist.
However, he is perhaps best known for touring extensively with Ella Fitzgerald for over ten years.
    1931- Canadian contralto Patricia Rideout was born in Saint John, New Brunswick. She has performed many roles from the standard operatic repertoire, most notably Suzuki in "Madame Butterfly." But Rideout's most significant accomplishment has been her performance of contemporary music. She has introduced North American and European audiences to many Canadian works, including Bruce Mather's "Madrigals Three," written especially for her.
    1932- Babe Ruth signs a deal for $75,000 and a percentage of the exhibition gate. Legend has it the Bambino signed a blank contract with the amount filled in later by Yankee owner Jacob Ruppert.
    1934 - , The Academy Awards for the films of 1932 and 1933, was held at the Ambassador Hotel in Los Angeles with humorist/actor/writer Will Rogers as host.
This was the first Academy Award for Katharine Hepburn, for “Morning Glory” (1933). She would get nominated for

  1935 ALICE ADAMS Best Actress Nomination
  1940 THE PHILADELPHIA STORY Best Actress Nomination
  1942 WOMAN OF THE YEAR Best Actress Nomination
  1951 THE AFRICAN QUEEN Best Actress Nomination
  1955 SUMMERTIME Best Actress Nomination
  1956 THE RAINMAKER Best Actress Nomination
  1959 SUDDENLY, LAST SUMMER Best Actress Nomination
  1962 LONG DAY'S JOURNEY INTO NIGHT Best Actress Nomination
And then win three more:

1967 GUESS WHO'S COMING TO DINNER? Best Actress Oscar
1968 THE LION IN WINTER Best Actress Oscar
1981 ON GOLDEN POND Best Actress Oscar

Only one film from 1932 captured honors. Harold C. Lewis of the Paramount Studio Sound Department won the Best Sound/Recording award for "A Farewell to Arms". The Best Picture and Best Director Frank Lloyd) prizes went to the 1933, "Cavalcade" produced by Winfield R. Sheehan. The Best Actor was Charles Laughton in "The Private Life of Henry VIII", and the Best Actress was Katharine Hepburn in "Morning Glory" (1933). This was her first Academy Award, and the last she would receive for 34 years. The second cartoon to take home (to their little brick house) an Oscar was Walt Disney’s "The Three Little Pigs" for Best Short Subjects/Cartoons.
    1939-Andy Kirk, with electric guitarist Floyd Smith, records “Floyd’s Guitar Blues,” Decca 2483.
    1941 - The most severe blizzard in modern history struck North Dakota and Minnesota. The blizzard hit on a Saturday night while many are traveling, and thus claimed 71 lives. Winds gusted to 75 mph at Duluth MN, and reached 85 mph at Grand Forks ND. Snow drifts twelve feet high were reported in north central Minnesota. A cold front traveling 30 mph crossed Minnesota in just seven hours.
    1942 - In New York, Fats Waller recorded "The Jitterbug Waltz" for Bluebird Records
    1942- Country singer and songwriter Jerry Jeff Walker, whose real name is Ronald Crosby, was born in Oneonta, New York. During the mid-1960s, Walker formed a folk-rock band called "Circus Maximus." By 1968 he was on his own, and he recorded his composition "Mr. Bojangles." It became a moderate hit for him, and an even bigger success for the Nitty Gritty Dirt Band in 1970. Jerry Jeff Walker later became associated with the so-called outlaw country movement, headed by Willie Nelson and Waylon Jennings, and centered in Austin, Texas.
    1942 -a widespread outbreak of tornadoes occurred across Mississippi, Alabama, Tennessee, Kentucky, Illinois, and Indiana. 25 tornadoes were of F2 intensity or greater. 75 fatalities occurred in Mississippi. Baldwyn, Mississippi was hit by 2 tornadoes (one F4 and the other F3) only 35 minutes apart. A violent (F5) tornado tore through Peoria and Marshall counties in Illinois, killing 7 and injuring 70.
    1945 - No. 1 Billboard Pop Hit: "Rum and Coca-Cola," Andrews Sisters.
    1952- The first religious program on TV, "This Week in Religion," debuted on Dumont television. It was the only ecumenical program of TV's early religious offerings, and ran for two years, last airing in October 1954. This ecumenical Sunday evening panel show divided the hour into 20-minute segments each for Protestant, Catholic and Jewish news. My father Lawrence Menkin was the program manager (also writer and director) at the time.
    1953 - No. 1 Billboard Pop Hit: "The Doggie in the Window," Patti Page.
    1954-Singer Nancy Wilson was born in San Francisco. Heart, led by Nancy's sister, Ann, was formed in Seattle in 1972. The group's debut album, "Dreamboat Annie," was released first on a Canadian label, Mushroom, in 1976. The LP sold 30,000 copies in Canada, and when it was released in the US, it eventually sold 2.5 million. From "Dreamboat Annie" came two hit singles, "Crazy on You" and "Magic Man." Heart switched to the CBS family of labels in 1977, prompting a prolonged legal fight with Mushroom Records owner Shelly Siegel.
    1954-birthday of bass player Brian Torff born Hinsdale, IL
    1955 - Bill Hayes' "The Ballad of Davy Crockett", reached number one on the pop music charts for a five weeks stay beginning today. The hit song sold over 7,000,000 records on more than 20 different labels. Coonskin caps were all the rage as the Crockett craze spread.
    1955-Roy Hamilton's "Unchained Melody" is released by Epic Records. The tune climbs to #6 and is later recorded by the Righteous Brothers in 1965.
    1955---Top Hits
The Ballad of Davy Crockett - Bill Hayes
Sincerely - McGuire Sisters
Pledging My Love - Johnny Ace
In the Jailhouse Now - Webb Pierce
    1957-“The Gumby Show” premieres on TV. This kids' show was a spin-off from "Howdy Doody," where the character of Gumby was first introduced in 1956. Gumby and his horse Pokey were clay figures whose adventures were filmed using the process of "claymation." "The Gumby Show," created by Art Clokey, was first hosted by Bobby Nicholson and later by Pinky Lee. It was syndicated in 1966 and again in 1988.,-The.html
    1963 - Peter, Paul and Mary released the single, "Puff The Magic Dragon", which was banned by several radio stations whose management figured the song was about smoking marijuana. The group denied the allegations saying “It’s about a magic dragon named Puff.” The trio recorded a dozen hits that charted between 1962 and 1969. "Puff" was their third song, which went to number two on the pop charts for nearly three months.
    1963---Top Hits
Walk like a Man - The 4 Seasons
Our Day Will Come - Ruby & The Romantics
You’re the Reason I’m Living - Bobby Darin
The Ballad of Jed Clampett - Flatt & Scruggs
    1964 - The Beatles released in the U.S. their hit single, "Can't Buy Me Love/You Can't Do That" on the Capitol label.
    1965 -- Montgomery, Alabama police attack civil rights marchers. A five day
civil rights march from Selma to Montgomery, Alabama will begin on March 21 in reaction, led by Dr. Martin Luther King.Jr. At the end of the march, some 25,000
demonstrators gathered in front of the state capital in Montgomery.
    1968 - Otis Redding's (Sittin' On) The Dock of the Bay jumped into the Number 1 slot on Billboard's pop record charts and stayed there for 4 weeks. Redding had died three months earlier.
    1968-My Lai Massacre. Most-publicized atrocity of Vietnam War. According to findings of US Army's Peers investigating team, approximately 300 noncombatant Vietnamese villagers (at My Lai and Mykhe, near the South China Sea) were killed by infantrymen of the American Division. It was not until November 16,1969 the news reports charged a U.S. infantry unit with massacre at May Lai4, a village in the Songmy district in South Vietnam. More than 450 villagers, including many women and babies, were said to have been slain. Pending an investigation, Lt. William L. Calley, Jr., in charge of the U.S. unit at the time, was kept on active duty beyond his official tour. At this time, there were 544,000 troops in Viet Nam. April, 1969, President Nixon announced he would reduce the troops by 110,000, which was accomplished on December 15, when it was cut to 434,000.
    1968 --Senator Robert Kennedy, former Attorney General and brother of former president John F. Kennedy (1961-63) ends months of debate by announcing that he will enter the 1968 Presidential race. He is popular due to the anti-war mood in the US as liberals back Senator Eugene McCarthy in opposition to "Hey, Hey! LBJ" Johnson.
    1971---Top Hits
One Bad Apple - The Osmonds
Me and Bobby McGee - Janis Joplin
For All We Know - Carpenters
I’d Rather Love You - Charley Pride
    1971 - The Jackson 5 single, Never Can Say Goodbye, was released on this date, and within five days, it had sold 1,213,000 copies, an unparalleled success since the heyday of the Beatles.
    1971 - Simon & Garfunkel's "Bridge Over Troubled Water" LP and single wins six Grammys including Record, Song and Album of the Year. Aretha Franklin wins the Best Female R&B Performance Grammy for "Don't Play That Song." B.B. King wins the Best Male R&B Vocal Performance Grammy for "The Thrill Is Gone."
    1971-Bob Dylan's records "Watchin' the River Flow" with Leon Russell playing piano, which is released as a single and is later included on "Bob Dylan's Greatest Hits, Vol II."
    1979---Top Hits
I Will Survive - Gloria Gaynor
Tragedy - Bee Gees
Heaven Knows - Donna Summer with Brooklyn Dreams
Golden Tears - Dave & Sugar
    1985 - United States journalist Terry Anderson was kidnapped in Beirut; he was not released until December 4, 1991 after 2,454 days in captivity.
    1987-a severe thunderstorm dumped huge hailstones, 4.5 inches in diameter, on Del Rio, Texas. 3 people were injured when hailstones crashed through a shopping mall skylight.
    1971-The 13th Annual Grammy Award Winners are announced and the big winners are: "Bridge Over Troubled Water" by Simon & Garfunkel (Record of the Year, Album of the Year, Song of the Year, Best Arrangement Accompanying Vocalists, Best Engineered Record and Best Contemporary Song).
    1979-Twisted Sister, a Long Island bar band formed six years ago, is the first to headline and sell out New York City's 3,000 seat Palladium without the benefit of a record. It will be another three years until the band signs a record deal. In 1973, Dee aka Danny Snider formed Twisted Sister after the breakup of his band The Quivering Thigh featuring long time pal Ken Greene on keyboards and vocals. Mr. Snider, whose dad is a policeman, vosed to move away from home and grow his hair, and move away from his college bound high school buddies and grow his cult status.
    1985 - "A Chorus Line" ga
    1985 - "A Chorus Line" gave performance number 4,000 at New York’s Shubert Theatre. The show opened in July, 1975, and became the longest-running show on Broadway in September, 1983.
    1985 - When "People" magazine listed the top 57, money-making, stars, Paul McCartney was at the top. His musical empire was said to be worth $500 million. Bob Hope also made the list with a worth of about $200 million.
    1987---Top Hits
Jacob’s Ladder - Huey Lewis & The News
Somewhere Out There - Linda Ronstadt & James Ingram
Let’s Wait Awhile - Janet Jackson
Baby’s Got a New Baby - S-K-O
    1988 - More than one hundred hours of continuous snow finally came to an end at Marquette MI, during which time the city was buried under 43 inches of snow. Unseasonably cold weather prevailed in the southeastern U.S., with forty-one cities reporting record low temperatures for the date.
    1990 - Low pressure crossing the Upper Mississippi Valley produced high winds from the Northern and Central Plains to the Great Lakes Region and Ohio Valley. Winds gusted to 73 mph at Iowa City IA, and wind gusts reached 79 mph at Waukesha WI. Winds of 75 mph were reported around Rapid City SD, with gusts to 100 mph. Up to a foot of snow was reported in western Iowa, western Minnesota, and extreme eastern North Dakota. Blizzard conditions were reported in northeastern North Dakota and northwestern Minnesota. Thunderstorms developing ahead of a cold front produced large hail and damaging winds from northwest Florida to western South Carolina. Thunderstorm winds gusted to 75 mph at Floridatown FL. Sixteen cities across the northeastern quarter of the nation reported record high temperatures for the date. The afternoon high of 78 degrees at Burlington VT smashed their previous record for the date by 23 degrees. New York City reported a record high of 82 degrees.
    1995- Mississippi ratified the amendment to the U.S. Constitution that abolished slavery, almost 130 years after the fact.
    1999-Jeff Beck releases his album, “Who Else, But!”-The theme song of Dr. Ray Williams, former executive director of the United Association of Equipment Leasing.
    2001- Slammin' Sammy Sosa signs a four-year contract extension keeping the Cub right fielder in the Windy City until 2006. The prolific home run hitter has average nearly sixty home runs (179HRs/3 years) for the last three season.



Winter Poem

The March wind roars
Like a lion in the sky,
And makes us shiver
As he passes by.

When winds are soft,
And the days are warm and clear,
Just like a gentle lamb,
Then spring is here.
- Author Unknown




The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?



Daily Puzzle

How to play:

Refresh for current date:



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

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