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Accounting


Accounting: Broker/Lessor looking for CFO/Controller with a solid accounting background. Experience working in the Leasing industry a must.
LeasePlus knowledge is a plus.
Email: elang@nationwidefunding.com

About the Company: Nationwide Funding, Irvine, CA.

                     Headlines---

 

    Classified Ads---Where Else to Go

        Advertising in Leasing News

            Classified Ads---Help Wanted

                CMC Cases Like Timex—Keeps Going and Going

    Cartoon---Two Dogs

        From Our Archives—May 19,2000—UAEL Conf.

            Credit.net  Reports for $50 Per Month

                GATX  New $545 Million Credit Facility

    American Fin. Services Anti-Predatory Lending Laws

        Nassau Asset Winning $800,000 Bid

            News Briefs---

                “Gimme that Wine”

                    This Day in American History

                        Baseball Poem

                    Gwendolyn Brooks Poem

 

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

 

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Editor’s Note:  We are still in “beta.”  The text version has been discontinued except for those who requested to receive it.  If you prefer the text version, please hit reply and type in: send tex version.  If you want to be removed from the HTML list, please hit reply and

remove HTML version. 

 

In reality, I did not realize how many wanted to keep the text version, such as from Tim Szczygiel:

 

 

“Sure, the graphics on the top were red buttons... they appeared stretched out.

” The benefits of the text msg is that it is compatible with smaller hand
held devices.  When you get into HTML.. you have to be far more smart about what devise a user is using to read the message.

 “I agree, scrolling down to the articles is easiest.”

 Tim  (Szczygiel)

 

 

( Some of the e-mail templates appear corrupted, so we are changing back to our e-mail server with a different procedure.  Whether we send the full edition or a link, the news is now posted before 3am, California time daily.  

 

We will continue to send the text version to those who want to receive it.  We are still working on the HTML version and due to all the returns from Yahoo, Hotmail, and some older AOL accounts, we are going to send headlines with the link to our posted web site.

 

The html version will have more graphics, pictures, graphs, charts, and eventually more features.  I really am more surprised that someone would get our edition which is sometimes 32 to 40 pages  8”x11” long.  How you read that on Blackberry is beyond me?. Kit )

 

 

Classified Ads---Where Else to Go

 

In addition to Leasing News ads at: http://64.125.68.90/LeasingNews/JobPostings.htm

 

Here are places to post your resume or let them know

you are looking. Some are free.  Some are not.

 

www.adams-inc.com

www.affinitysearch.com

www.bajobs.com

www.careerbank.com

www.careerpath.com

www.craigslist.org (available in many cities now, use scroll feature)

www.directemployers.com

www.elaonline.com

www.employmax.com

www.goldenparachute.com

www.Headhunter.net

www.hotjobs.com

www.insidevcjobs.com Venture County, CA. Newspaper

www.jobs.net

www.latimes.com

www.leasingtoday.com

www.lessors.com

www.MarketingJobs.com

www.monitordaily.com

www.positionfiller.com

www.Postonce.com

www.raleyguide.com

www.RecruiterConnection.com

www.resumeblaster.com

www.vetjobs.com

www.worktree.com

[headlines]

 

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Advertising in Leasing News

 

The new version gives advertisers a new opportunity.  One of our main

goals is to help people find jobs and therefore the “job wanted” is free.   “Help Wanted” is at a lower cost than the newsletter advertising.

 

We also will work with a smaller company to help them grow. Ask

us.  We want to help you.

 

Here are our introductory rates to Leasing News:

 

We will try to make this as easy a process as we can.

 

Two weeks

$400.00 for four lines for ten days

$50.00 per line the next four lines

$25.00 per line thereafter

Logo is free.

A description of your company is free ( not more lines than your ad.)

 

Includes both web site and newsletter. If newsletter is not published, an extra day will be added to both web site and newsletter edition for each day there is no internet edition. Please note there are "text only" subscribers who will not be able to receive any graphics, such as logo, etc.

 

Longer contracts are available at discount. Please contact us.

 

If you are a small leasing company and we exceed your budget, we will work with you as we want to encourage the growth of your company.

 

Go Here to Place an Ad:

http://64.125.68.91/AL/LeasingNews/PostingFormAdvertising.asp

 

            Newsletter Ad Only

 

Two Weeks

Minimum is $500.00 for five lines

$75.00 per line for the next five lines

$50.00 per line thereafter

Logo is free

Description of the company is free

 

If newsletter is not published, and extra day will be added. Please not there are "text only" subscribers who will not be able to receive any graphics, such as logo, etc.

 

We suggest you send in your ad and learn how many lines it will be. If you have the ability to forecast this, a line consists of approximately type size of 10 point using Verdana font.

 

Please note the newsletter type size is 12 point, but we utilize our form 10 point to determine lineage. This is to your advantage in the newsletter version.

 

Also note the ads are placed in its category, such as "account executive" of "contract administrator" or sales representative." We will consider special categories. Please ask.

 

As per our publication policy of most newspapers, ads are placed by size with the largest on the top. Leasing News will make the effort to rotate the ads that are similar in size, but can not guarantee this will be accomplished in a routine manner. The largest ad will be placed first when in sequence.

 

Go Here to Place an Ad:

 

http://64.125.68.90/LeasingNews/PostingFormWanted.asp

 

 

If you would like more information, please contact: maria@leasingnews.org

 

We reserve the right to refuse any advertising.

[headlines] 

 

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Classified Ads---Help Wanted

 

Accounting

 



Accounting: PricewaterhouseCoopers seeks executives with experience in equipment leasing to help clients improve their leasing businesses by assessing "as is" conditions and designing and implementing solutions to operational issues.  PwC also seeks CPA's with a broad based knowledge of FAS13 and familiarity with accounting for leases with simple and complex transaction structures.
Email: anthony.g.anderson@us.pwc.com

About the Company: PricewaterhouseCoopers, New York, NY.

 

 

 


Accounting:
Broker/Lessor looking for CFO/Controller with a solid accounting background. Experience working in the Leasing industry a must.
LeasePlus knowledge is a plus.
Email: elang@nationwidefunding.com

About the Company: Nationwide Funding, Irvine, CA.

 

Equipment Sales Representative


http://www.associatedbank.com

Equip. Leasing Sales Rep: Strong sales and bus. dev. skills needed. Dev/manage portfolio, initiate bus. in upper Midwest . 3-4 yr  leasing exp. www.associatedbank.com
or e-mail: abmil@associatedbank.com

About the Company: Associated Banc-Corp is a diversified multibank holding company with $15.5 billion in total assets. Headquartered in Green Bay, Wisconsin .  Associated has more than 200 banking locations across Wisconsin, Illinois and Minnesota.

 

 

Marketing Indirect Originator



MARKETING INDIRECT ORIGINATION:
New York. One of the largest ind. equip.lessors needs  motivated, self-starter to purchase single investor leases from institutional investors; min.transaction  $1 million; portfolio of primarily investment grade lessees/good "story credits". 
Min 3 yrs exp. sourcing/ originating leasing transactions, knowledge credit and pricing.
E-mail: jobposting1@leasingnews.org

[headlines]

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CMC Cases Like Timex—Keeps Going and Going

 

 

U.S. District Court
Northern District of Ohio (Cleveland)
CIVIL DOCKET FOR CASE #: 1:02-cv-16000-KMO

 

 


In re Commercial Money Center, Inc., Equipment Lease Litigation
Assigned to: Honorable Kathleen M. O'Malley (MDL1490)
Referred to: Magistrate Judge Nancy A. Vecchiarelli
Demand: $
Lead Docket: 1:02-cv-16000-KMO
Related Cases: None
Case in other court: None
Cause: 28:1332 Diversity-Other Contract
Date Filed: 10/28/02
Jury Demand: Defendant
Nature of Suit: 190 Contract: Other
Jurisdiction: Diversity

There are many involved and it appears all action has been sent to this “lead case.”

It appears they are defining terms and conditions of their individual cases to

be considered in tandem.

 

You will have to join Pacer with a credit card to view the case history:

 

https://ecf.ohnd.uscourts.gov/cgi-bin/DktRpt.pl?602729915523462-L_795_0-1

 

Full background at:  http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm

[headlines]

 

 

 

[headlines]

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From Our Archives—May 19,2000

 

http://two.leasingnews.org/archives/May/5-19-00a.htm

 

    by  Christopher “ Kit Menkin

254 attended the United Association of Equipment Leasing Conference held this last weekend in San Francisco, hosted by Ken Greene, Esq., Conference Chair, along with UAEL President Bob Rodi, CLP, and Dr. Ray Williams, Executive Vice-President.

 

The goal was 250, and Dr. Williams says this is the second highest attendance of a Spring Conference when it is not a joint-conference, as many have been in the past. I did not hear a disparaging word; nothing but compliments. It was like old friends getting together and enjoying seeing each other in good health, surviving, laughing, maybe even having a good time.

 

As past president of UAEL, vice-president at Textron Financial Service, Jim Merrilees, CLP, wrote in the " 'Spring Conference Edition': Without sharing our collective experiences, where would we be? How would we share if UAEL were not there? Are we really so independent as our industry and popularized cultural gurus subscribe? One more. No matter how successful or confident we become, don't you think there will be a time we just might need a reliable resource? In your personal life you may go to a friend, family member or church. In your business life, our old friend is UAEL."

 

The San Francisco conference chaired by Ken Greene, Esq., was a success because many first timers and "veterans" got together. It was not only a renewal of friendship, but a sharing of knowledge from all the sectors of the industry: brokers, lessors, captive lessors, fundors, Internet leasing, and service, including attorneys.

 

While I mean no disrespect to the key note speakers or workshop panel participants panels (I sat on four separate panels), I thought the most meaningful talk came from Oren Hall, former president, leasing leader with IFG, Heritage and First Sierra, retired almost a year-and-a-half.

 

He did a workshop conference wrap-up at 4:15pm, Saturday, "From the Outside Looking In." Oren Hall hasn't lost it, believe me.. While a small attendance due to the last of the day, perhaps many playing golf, or seeing the sights of San Francisco, he still has a pulse on the industry he has been a part of since 1967.

 

Hall believes there are "great opportunities, but you have to make some corporate thinking changes, look at the leasing industry different, and do more than just 'value added' relationship selling." "I am on the outside looking in and I see a lot of fear," he began. "First thing you need to do, which you should have learned from this conference---You need to start managing change."

 

He also was concerned with the number of consolidations and companies getting out of the leasing business.

 

"Fundors are not getting their return, " he stated. "This alone will create more change and perhaps you may view this as chaos in the Fall of this year. You must recognize and manage change."

 

Hall mentioned one of the speakers at the conference who likened leasing to golf, where you "play it where it lies," and you take the "gimmes."

 

"Don't be afraid of the water trap or getting in the rough", he continued. "There are a great deal of opportunities. Look at the opportunities and play your ball the best you can no matter where it lands." Hall predicted prime rate would go up twice this year ( I think he said a half point each time ). He was not happy that home prices, employee prices, gasoline, the cost of doing business was so high for a year and adjustments were not done. He sees the fall of this year "industry shakeout" and "portfolio problems." He sees more consolidations, more leasing companies failing, and brokers having less access to better rates.

 

"If you can't get your yield, something has to give", he said. "Where is this going to happen? It is going to happen with commissions, first."

 

Hall believes there will be more "Program Sales" versus "Transactional Sales." The definition of "Program Sales" would be an "account executive" who takes the vendor account to the funding source and does not get paid per transaction. In fact, he is not involved in each transaction. He gave numerous examples of this, stating this is a salaried person, perhaps with a yield or "volume bonus." Many vendors, and perhaps even fundors, will put "operating personnel" into special program vendor sales.

 

The "Transactional Sale" is where the sales person gets a commission on each transactions, often handles each sale, handles each application by itself, and is very much a "personal relationship." He predicts "niche sales" will continue to increase, but with fewer players. The "relationship sale" will continue, but it will be different for those who cannot manage change.

 

Many of the leasing services displaying at the conference were aware of the "consolidation" and changes in the industry. Randy Haug, CPL, Vice-President of LeaseTeam said it has been very good for his company.

 

"In the last six months, we have added 50 new users", he said. "We now have a total of 270 users as the industry is propelling the survivors into understanding and controlling their business at top speed."

 

A highly attended panel workshop that I had the pleasure to be the moderator ( available on video tape as many of the workshops were professionally taped ) found little to fear from the Internet. The consensus of the internet leasing experts such as alphabetically David Collier, TotalFunding, John Kruse, CapitalStream (formerly System 1), Aaron Ross, LeaseExchange, the internet "will not" kill the small ticket "application only" business. While the very highly respected educator of the leasing industry Sudhir Amembal held a different opinion at the NAELB Conference in Nashville, Tennessee, the overwhelming consensus was that the internet tool would be utilized by brokers and funders alike, with more defining of "niche" markets and all parties becoming more "internet" savvy. The entire conference called "Lease Trek, the Next Frontier" echoed this theme (" Beam me, up! Scotty!").

 

Funders such as Bob Fisher of Fisher-Anderson spoke about how Capital Stream was enabling his company to speed communications with both brokers and funders. Alan Collier spoke about how brokers would be paid fees to funnel business on the Internet. Aaron Ross of LeaseExchange participated in two panel workshops, talking about how the World Wide Web financial investors saw the leasing industry, and in the second stated the Venture Market had changed and if the leasing companies on line did not have their money raised from the VC Market, it was too late.

 

There were several Internet leasing companies in the audience, such as AccessLease, Cyberlease, ( AJ Batt says he received $12 to $15 million a month via the internet, but only 35% qualify and less than this fund, something that he is trying to get a handle on ).

 

Past President George Davis, CLP spoke at "Quasi-Vendor," about how he "partnered" with vendors formally creating separate corporations and delivered captive business for both vendor and broker benefit. By the way, this is on videotape, and worth the price to hear George "let his hair down" and tell you the secrets he has learned and found very successful.

 

There were several panels regarding pricing, risk rewards, and unfortunately I was unable to attend them as I was participating in other panels, or choose another workshop ( I could not plan very well what I would be able to attend ). One on "Pricing Dynamics" the moderator Bob Rodi said would be repeated in Orlando, Florida, at the September UAEL Fall Conference. Participants included Randy Ernst, Textron Financial, Curt Lysne, GE Capital/Colonial Pacific, and Troy Molitor, The Manifest Group. The pricing and viewpoint of fundors was fascinating as late charges are considered profit ( "We like lessees who pay within 11 to 29 days." )

 

"The Wired World" moderated by Rochelle Batt was with Aaron Ross of LeaseExchange. and myself. Aaron went over current and future aspects of the new internet leasing companies approach to the marketplace. Basically I spoke about the same theme I gave at the NAELB Conference: the importance of educating yourself, your employees, where to get this for free, other advice; increase the speed of your computer, why, how, where to go, plus internet connections, where, how ( I do recommend you visit: http://www.americanleasing.com/recommendations/internet.html ).

 

There were many keynote speakers, such as Dr. James Canton, whose book "Technofutures" was given to all participates compliments of Fisher-Anderson; Professor Haim Mendelson from Stanford University; Mark Oman, and Rich Masterson, former lessor, broker, master of the internet, co- founder of US Interactive, and now a major investor in the industry from his financial success and strategic internet consultant to many blue chip clients. Their remarks and speeches would fill up several books. You should have been there.

 

Membership of UAEL is now 572. Membership Chairs Rudy Trebels, CLP and Theresa Kabot, CLP, bestowed the 1999 membership contest award to past president Jim Lahti, CLP, for bringing in twelve new members. Runner up with ten new members was Bob Baker, CLP, with ten new members, and past president George J. Davis, II, CLP for eight new members.

 

The Fisher-Memorial Award, in honor of the late Jim Fisher, was presented to Alan Jenson, CLP, 1999 Arizona Regional Chair.

 

Chris Canavati, CLP, Education Committee Chair, and Jim McCommon, CLP, the Board Liaison noted that less than five years ago there were less than 50 CLP's across the nation. Today there are over 200 Certified Lease Professionals. At the conference, eight new CLP's were honored, plus received their Plaques:

 

J. Craig Bradfield, CLP - BB&T Leasing Corporation

Jill Brothers, CLP - Financial Pacific, Co.

Irv Ellis, CLP - LeaseCor, Inc.

Renee Fox, CLP - Alliance Funding Inc.

Brent M. Hall, CLP - Pinnacle Capital, LLC

Tino Hernandez, CLP - Fisher-Anderson, LC

Robert Al Herndon, CLP - Equipment Leasing Specialists, Inc.

Tim Hill, CLP - Leasource Financial Services

Kristina A. Jupka, CLP - FMC Leasing Corp.

John Kirby, CLP - BB&T Leasing Corporation

Tom Persia, CLP - Worcester Financial Group, Inc.

Ronald Schutz, CLP - Source Capital Leasing Co.

Tony J. Sedlacek, CLP - Financial Pacific Leasing

Pauniece Shuck, CLP - Ivanjack, Lamberth & Aranoff

Steve Tidland, CLP - Golden West Financial Services

Carl Villella, CLP - Onyx Capital Corporation

Scott Wheeler, CLP - Priority Funding Corporation

Steve Whitney, CLP - Fisher-Anderson, LC

[headlines] 

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

 

Credit.net Site Offers Unlimited Business Credit Reports for $50 Per Month

 

 

OMAHA, Neb.--( --infoUSA(R) (Nasdaq:IUSA), the leading provider of proprietary business and consumer databases and sales leads, today announced that it's new site, www.credit.net is offering unlimited Business Credit Reports for an affordable $50 per month subscription price. During this introductory period, subscribers will receive an initial month of free reports.

 

   Each Business Credit Report contains valuable data for 14 million businesses, including number of years in business, credit rating, management directory, sales volume, number of employees, lines of business, competitors, phone, fax and web site address, corporate linkages and bankruptcy, lien and judgment information. These reports can be used for business verification and due diligence, sales prospecting, and assistance in credit decisions and collection efforts. The site will also allow businesses to generate and update an online Credit Application that they can send to suppliers, banks and leasing companies.

 

   Vin Gupta, Chairman and CEO, infoUSA, commented, "We are very please to offer our Business Credit Reports at a very affordable subscription price. infoUSA has the finest and most frequently updated and verified proprietary business data, which ensures that the information in the report will be both accurate and timely. The introduction of this new web site give our customers an even easier way to access these credit reports, as well as providing infoUSA with a powerful branding opportunity by using the credit.net name. 

 

   About infoUSA 

 

   infoUSA (www.infoUSA.com), founded in 1972, is the leading provider of business and consumer information products, database marketing services, data processing services and sales and marketing solutions. Content is the essential ingredient in every marketing program, and infoUSA has the most comprehensive data in the industry, and is the only company to own a proprietary database of 250 million consumers and 14 million businesses under one roof. The infoUSA database powers the directory services of the top Internet traffic-generating sites, including Yahoo! (Nasdaq:YHOO - news) and America Online (NYSE:TWX). Nearly 3 million customers use infoUSA's products and services to find new customers, grow their sales, and for other direct marketing, telemarketing, customer analysis and credit reference purposes. infoUSA headquarters are located at 5711 S. 86th Circle, Omaha, NE 68127 and can be contacted at (402) 593-4500. 

 

CONTACT:infoUSA, Omaha Vin Gupta, 402-596-8900 Fax: 402-339-0265 E-Mail: vin.gupta@infoUSA.com or

Laurel Gottesman, 402-593-4535 Fax: 402-339-0265 E-Mail: laurel.gottesman@infousa.com

[headlines]

 

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

 

GATX Financial Corporation Establishes New $545 Million Credit Facility

 

 

CHICAGO----GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE:GMT), today announced that it signed a new $545 million credit agreement. The credit agreement is comprised of a $445 million 3-year senior unsecured revolving facility maturing in May 2007, and a $100 million 5-year senior unsecured term loan, with a delayed draw feature, maturing in May 2009. The new agreement replaces three separate revolving credit facilities previously in place at GATX Financial. The covenants and conditions of the new agreement are substantially the same as those in the previous facilities, while pricing improved versus the most recent facilities.

 

   William J. Hasek, vice president and treasurer of GATX Corporation, stated, "The establishment of this new credit agreement provides GATX with the financial capacity and long-term credit support that is critical to our success as we pursue growth initiatives in our core markets. Furthermore, by establishing one credit agreement we can work more closely with those banks that have been most supportive of GATX, and we look forward to doing so in the years ahead. We have undertaken a number of steps to strengthen our credit profile, and completion of the new credit facility and the recent decision by Moody's Investors Services to revise its ratings outlook on GATX Financial from negative to stable, serve as encouraging signs of our progress to date."

 

   Citicorp, USA Inc. and Citigroup Global Markets Inc. acted as administrative agent, lead arranger, and book manager; JP Morgan Chase Bank and Bank of America acted as co-syndication agents; and Calyon and Deutsche Bank acted as co-documentation agents. 

 

   COMPANY DESCRIPTION 

 

   GATX Corporation (NYSE:GMT) is a specialized leasing company combining asset knowledge and services, structuring expertise, partnering, and capital to serve customers and partners worldwide. GATX specializes in railcar, locomotive, and aircraft operating leasing.

 

   Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com.

 

CONTACT:GATX Corporation Robert C. Lyons (Analysts & Investors), 312-621-6633    or Rhonda S. Johnson, 415-955-3211

 

[headlines]

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

American Financial Services Association Statement Regarding Standard and Poor's Announcement on New Criteria for Certain Loans Governed by Anti-Predatory Lending Laws

 

 

WASHINGTON,- Last week's announcement that Standard and Poor's Rating Services will require additional credit enhancement for certain loans governed by anti-predatory lending laws is likely to mean an increase in lenders who no longer offer certain loan products in the states and cities affected by the new requirements.  Some of these lenders may exit these markets altogether, seriously diminishing credit options for needy borrowers.

 

Standard and Poor's, which recently completed a year-long review of more than 40 distinct federal, state and municipal anti-abusive lending laws, cites subjective or unclear standards for determining which loans are predatory, including the demonstration of an undefined tangible net benefit, as the reason it believes that it must move to mitigate the risk to investors in mortgage backed securities. AFSA has long campaigned on these very issues, warning of the reaction of agencies such as S&P and the follow-on effect for the lenders who rely on them.

 

"S&P's decision comes as no shock -- indeed we have been predicting such a reaction for some time," said AFSA president and chief executive officer Randy Lively. "We have seen the effects of these overreaching laws in a number of states and municipalities around the nation. They have a profound negative social and economic impact and usually end up hurting the very people they were supposed to protect.

 

"Nowhere was this negative impact felt more than in Georgia last year," he continued, "A flawed law containing assignee liability provisions and requiring the demonstration of an undefined tangible net benefit, proved so catastrophic that certain provisions had to be repealed within six months. Now we are seeing similar laws in places like New Jersey and New Mexico and can expect similar effects."

 

AFSA believes that supporting the enforcement of existing laws and increasing financial literacy programs which give individuals the skills they need to make sound financial decisions are the most effective ways to protect the vulnerable from unscrupulous lenders.

 

Founded in 1916 and based in Washington, D.C., AFSA is the national trade association for finance companies, "captive" auto finance/leasing companies and other market funded financial services firms that lend to consumers and small businesses.

 

SOURCE  American Financial Services Association 

 

CO:  American Financial Services Association; Standard and Poor's

 

ST:  District of Columbia

 

SU:  LAW

 

Web site:  http://www.afsaonline.com

[headlines]

### Press release ############################## 

Nassau Asset Management Completes Equipment Liquidation for Miners Fuel Co. Bankruptcy

 

 

Nassau's Remarketing Process Nets Top Dollars by Seller's Deadline

 

ROSLYN HEIGHTS, N.Y.,-- Nassau Asset Management announced today that the company recently completed its liquidation of remaining equipment from the Miners Fuel Co.'s Chapter 7 bankruptcy in Tremont, PA, attracting a winning bid of $800,000 for the entire lot of more than 100 tractors and walking-floor trailers.

 

Ed Castagna, senior executive vice president of Nassau, says his company's remarketing process ensured that the winning sale price reflected the highest fair market value possible for the equipment, which had been used heavily in Miners' trash-hauling business.  Multiple bids were obtained in a timely fashion prior to the desired time line.

 

Nassau's remarketing process combines the benefits of orderly liquidations with the power of the Internet.  Nassau posts information and photos of available equipment on its international Web site, www.nasset.com, gathering competitive bids within the time frame and price range specified by the seller.  Castagna says the process tends to net higher prices than public auctions do for selling off machinery and business equipment, including trucks, buses, machine tools, construction equipment and medical devices.  In addition to liquidations, Nassau remarkets end-of-lease stockpiles, returns and repossessions for equipment leasing and finance companies.

 

In the Miners Fuel Co. bankruptcy, the trustee had previously assigned the liquidation to an auctioneer.  Castagna says the trustee decided to reassign the equipment liquidation after observing the speed and sale prices available through Nassau's remarketing process, which was already being used by two creditors in the case.

 

"Nassau had completed condition reports on the creditors' equipment, advertised it, and sold it before the auctioneer had finished his first inspection of the remaining equipment," he adds.

 

About Nassau 

 

Nassau Asset Management of Roslyn Heights, NY, has been providing full- service asset management, including asset recovery, collections, remarketing, plant liquidations, and appraisals for more than 25 years to the equipment leasing and finance industry. For more information, please visit www.nasset.com or call 1-800-4.NASSAU.

 

SOURCE  Nassau Asset Management 

 

CO:  Nassau Asset Management; Miners Fuel Co.

 

ST:  New York, Pennsylvania

 

SU:  BCY

 

Web site:  http://www.nasset.com

[headlines]

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

 

------------------------------------------------------------------------------ 

 

News Briefs---

 

Greenspan Nominated To 5th Term As Fed Chief

http://www.washingtonpost.com/wp-dyn/articles/A37746-2004May18.html

 

Housing construction dips in April after brisk March

http://www.signonsandiego.com/news/business/20040518-1410-economy.html

 

 

Deere posts record second-quarter earnings

http://www.signonsandiego.com/news/business/20040518-1336-earns-deere.html

 

 

Wall Street Remains Skeptical About HP

http://www.washingtonpost.com/wp-dyn/articles/A38349-2004May19.html

 

Google Moves Toward a Direct Confrontation With Microsoft

http://www.nytimes.com/2004/05/19/technology/19google.html?hp

 

 

 

Salesforce IPO still on hold

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/
2004/05/18/BUGQ26ND7D1.DTL&type=business

 

Martha Stewart TV show suspended next season

http://www.usatoday.com/money/industries/retail/2004-05-18-martha-
stewart-tv-show_x.htm

 

Here Comes the Judge: Take Cover, Would-Be Idols

http://www.nytimes.com/2004/05/19/arts/television/19IDOL.html?8hpib

 

History mystery: Are bones Mill Valley pioneer's?

http://www.sfgate.com/cgi-bin/article.cgi?f=/chronicle/archive/2004/
05/19/COFFINS.TMP

[headlines]

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“Gimme that Wine”

 

Brown-Forman Releases Carb-Conscious Wine Brand

http://www.winespectator.com/Wine/Daily/News/0,1145,2477,00.html

 

Yquem Rules at Zachys Auction

http://www.winespectator.com/Wine/Daily/News/0,1145,2475,00.html

 

Wine Tasting on the Central Coast has Changed Forever

http://www.vino.com/press/press_release.asp?PRID=342

 

 

Don Sebastiani & Sons Announces the Three Loose Screws Division

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_
view&newsId=20040517006084&newsLang=en

 

Round Hill Cellars Reaches Out to Hispanic and Other Ethnic Markets

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_
view&newsId=20040517006308&newsLang=en

 

Surprise Rothschild bid for Napa winery

Three partners would produce a new luxury brand

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2004/05/18
/MNGA36NL6Q1.DTL

http://www.nytimes.com/2004/05/18/business/18wine.html

 

Which Champagne for the Wedding Cake

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/05/13/WIGP46JA4B1.DTL

 

[headlines]

------------------------------------------------------------------------

This Day in American History

 

    

   first not here, women,

    1643-The United Colonies of England was formed. Development of the coastal towns of Boston, Salem, Dorchester, and Charleston in Massachusetts Bay Colony along dwarfed the Plymouth settlement.  There were an estimated 20,000 inhabitants in the London Company's Bay Colony alone.  Religious persecution, the chance to own land and be "free" and the opportunities in a New World each year was bringing thousands here.

    1780 - The infamous "dark day" in New England tradition. At noon it was nearly as dark as night. Chickens went to roost, and many persons were fearful of divine wrath. The phenomena was caused by forest fires to the west of New England

    1795-John Hopkins birthday, founder of the  Johns Hopkins University and Johns Hopkins Hospital in Baltimore, Maryland.

  (lower half of http://memory.loc.gov/ammem/today/may19.html

    1848- México gives Texas to US, ending the war as per the Treaty of Guadalupe Hidalgo signed on February 2, 1848, which was nine days

after gold was discovered in Sutter’s Mill, California.  News traveled

slowly at the time.  Mexico gave Arizona, New Mexico and California

along with Texas as part of the “sale.”

http://www.loc.gov/exhibits/ghtreaty/

http://www.sfmuseum.org/hist6/muzzey.html

    1848- Milly Francis (B. 1802?) Creek Indian woman voted a U.S. congressional medal and a pension of $96 - neither of which she received because she had died of chronic starvation and tuberculosis. The award was made 31 years after she saved a white soldier's life. The American Indian wars changed MF's life from a prosperous farmer's daughter in Alabama to a half-starved refugee in Florida and then a victim of the Trail of Tears when Native Americans from Florida were moved under the most deplorable conditions to Oklahoma.

    1857 - William F. Channing and Moses G. Farmer patented the electric fire alarm, and it was first used in a massive scale in Boston, Massachusetts. The original system consisted of 40 street fire alarm boxes connected by telegraph circuits to a central office.

    1863- General Ulysses S. Grant attempted to take the Confederate stronghold at Vicksburg, Mississippi.

http://memory.loc.gov/ammem/today/may19.html

    1866- "When You and I Were Young, Maggie," which became one of the most popular ballads in North America, was published in Indianapolis, Indiana by James A. Butterfield. The song was based on a poem written by G.W. Johnson in Hamilton, Ontario about 1864 as a tribute to his wife. Johnson was a schoolteacher who later taught at the University of Toronto. The most popular recorded version of the song was made in 1905 by Frank Stanley and Corrine Morgan for the Victor label.

    1885- The complete Old and New Testament English Revised Version (EV or ERV) of the Bible was first published in England. After a promised 20- year wait, U.S. scholars on the ERV committee published an "Americanized" edition in 1905, known afterward as the American Standard Version (ASV) of the Bible.

    1892-Bassist “Pops” Foster born McCall, LA.

    1919-Tenor Sax Player Georgie Auld born Toronto, Canada ( with Bunny Berrigan, Artie Shaw, Benny Goodman.)

    1920-Lorraine Hansberry birthday,  the first black playwright to have a play on Broadway. Her parents had fought against restricted housing in Chicago and won a Supreme Court victory (Hansberry v. Lee - 1940; the NAACP's most celebrated housing suit) but they moved to Mexico before the judgment.       The family had integrated a white neighborhood and while the father went to Washington (and incidentally out of harm's way), her mother kept the family in the Chicago home that was attacked by angry whites. She studied painting in Chicago and Mexico before moving to New York City in 1950. She participated in, and wrote for a number of progressive movements. In 1959, the landmark A Raisin in the Sun - produced, directed, and performed by blacks - became the first Broadway play ever mounted by a black woman on Broadway.  She tragically died of cancer at age 34. Her mother worked as a hairdresser, cashier, and schoolteacher. Her husband wrote a book and a play based on her unpublished writings and drawings. It is entitled To Be Young, Gifted, and Black.

    1921 – The first generally restrictive immigration act in the U.S. was signed by Pres. Harding.  The act, effective June 3, initiated a quota system that restricted immigration in any given year to 3% of the number of each nationality reported in the Census of 1910. The total number of immigrants allowed to enter in any given year was set at 357,000.

    1925-Birthday of Malcolm Little, better known as Malcolm X. As a young newsman, I interviewed Malcolm X on several occasions, twice "one-to-one." He reminded me very much of John F. Kennedy, except he could scare you. When Malcolm X came into the room, you knew he was there.  As part of the press corp, you would wait and you knew when he entered the room as his "presence" was that strong. 

http://www.who2.com/malcolmx.html  (autobiography is excellent reading)

http://www.cmgww.com/historic/malcolm/

    1928 --  First annual Frog-Jumping Contest, Calaveras County, California.

The current record is held by Rosie the Ribiter from Santa Clara, California. Rosie made the record-setting 21 feet,

5 3/4 inch jump in May of 1986.
http://www.badfrog.com/

    1942—Mrs. W. Driver became the first golfer of either sex to get two holes-in-one in the same round. She aced the third hole and the eighth hole at Balgowlah Golf Club, Australia.

    1943- Canadian composer and synthesizer musician John Mills-Cockell was born in Toronto. He was one of the first musicians in Canada to use the Arp and Moog synthesizers in concert. Mills- Cockell performed from 1969 to 1972 with the Toronto rock bands Kensington Market and Syrinx, and with the Vancouver group Hydro- Electric Streetcar. After 1972, he concentrated on composing and recording, making only occasional live appearances.

    1945- guitarist and vocalist Pete Townshend, leader of the Who, was born in London. The Who were one of the most widely respected rock groups of the 1960's and '70s, apparently winding up their career with a farewell tour in 1982. But there were to be a couple of reunions, including a world tour in 1989.

Formed in 1963, they had only one personnel change in their entire career. Kenny Jones replaced original drummer Keith Moon, who died of a sedative overdose in 1978. The other two members of the Who were vocalist Roger Daltry and guitarist John Entwistle. Pete Townshend was the group's main songwriter, responsible for such early hits as "My Generation" and "I Can See For Miles." The Who later expanded their songs into the rock operas "Tommy" and "Quadrophenia."

    1945--- Tobias Wolff born Birmingham Alabama. Known for short stories & autobiographical writing, such as This Boy's Life(1989).

    1947---Top Hits

Mam’selle - Art Lund

Linda - Buddy Clark with the Ray Noble Orchestra

My Adobe Hacienda - Eddy Howard

New Jolie Blonde (New Pretty Blonde) - Red Foley

    1952-Disco singer Grace Jones  was born in Spanishtown, Jamaica. At first mainly a cult artist popular in homosexual dance clubs, she gained wider popularity beginning with her 1980 album "Warm Leatherette."

http://www.trouserpress.com/entry.php?a=grace_jones

http://www.emory.edu/ENGLISH/Bahri/GraceJones.html

    1955---Top Hits

Cherry Pink and Apple Blossom White - Perez Prado

Unchained Melody - Les Baxter

A Blossom Fell - Nat King Cole

In the Jailhouse Now - Webb Pierce

    1958- Bobby Darin's recording of "Splish Splash" was released. It was the first recording made on an eight track recorder at Atlantic Records. Darin is said to have written the song in 12 minutes.

    1960- Disc jockey Alan Freed was charged with accepting payola - money for playing records. Freed, the deejay who did the most to spread rock 'n' roll, was a broken man by the time he came to trial in December 1962. He pleaded guilty to accepting bribes and received a suspended sentence and a $300 fine. Freed, facing new charges of tax evasion, died in January 1965 at the age of 42.

    1962 - Stan Musial of the St. Louis Cardinals got his 3,431st hit, setting a new National League record.

    1963---Top Hits

If You Wanna Be Happy - Jimmy Soul

Surfin’ USA - The Beatles

Foolish Little Girl - The Shirelles

Lonesome 7-7203 - Hawkshaw Hawkins

    1965 - Roger Miller received a gold record for the hit, "King of the Road". The song was Miller’s biggest hit record. It got to number four (3/20/65) on the pop charts and stayed on for 12 weeks. It was a number one country music hit (3/27/65) as well. Miller, a country singer, humorist, guitarist and composer from Forth Worth, TX and raised in Oklahoma, went to Nashville, TN in the mid-’50s to begin a songwriting career. He wrote songs and played drums for Faron Young in 1962, then won what was an unprecedented, six Grammy Awards in 1965, had his own TV show in 1966; wrote "Little Green Apples", a huge hit for O.C. Smith and had five tunes in the top ten in 1968. To top it off, he composed the music for the Tony Award-winning Broadway musical, "Big River" in 1985.

    1968 - Piano stylist and vocalist Bobby Short gained national attention as he presented a concert with Mabel Mercer at New York’s Town Hall. He had been the featured artist at the intimate Hotel Carlisle for years.

    1969- The Beatles' single "Get Back" is awarded a gold record for sales over 1 million; within a week it hits Number One in the U.S.

    1971- "Godspell" first opened at the Cherry Lane Theater in New York City. The musical by Stephen Schwartz is based on the New Testament Gospel of Matthew, and is still produced by secular and religious theater groups today.

    1971---Top Hits

Joy to the World - Three Dog Night

Never Can Say Goodbye - The Jackson 5

Brown Sugar - The Rolling Stones

I Won’t Mention It Again - Ray Price

    1973-Paul Simon releases "Kodachrome."

    1973 - Secretariat won the second jewel of horse racing’s Triple Crown by capturing the Preakness Stakes in Baltimore, Maryland. The famed horse later went on to win the Belmont Stakes in New York to earn the Triple Crown with jockey Ron Turcotte as the rider.

    1973 - Stevie Wonder moved to the number one position on the "Billboard" pop music chart with "You are the Sunshine of My Life". It was the third number one song for Wonder, following earlier successes with "Fingertips - Pt 2" (8/10/63) and "Superstition" (1/27/73). He would have seven more number one hits between 1973 and 1987: "You Haven’t Done Nothin’",

"I Wish", "Sir Duke", "Ebony & Ivory" (with Paul McCartney), "I Just Called to Say I Love You", "Part-Time Lover" and "That’s What Friends are For".

    1974—Singer Kate Smith made a personal appearance t the Spectrum in Philadelphia to sing “Good Bless America” before the seventh game of the Stanley Cup finals, putting the Philadelphia Floyers against the Boston Bruins. The Flyers had enjoyed remarkable success when they played Smith’s recording of the Irving Berlin song. For the decisive game, the personal touch worked. The Flyers won 1-0.

    1975 - Thunderstorms produced golf ball size hail and wind gusts to 110 mph in Minnesota, between Fridley and Hugo. Fifty persons were injured. The hail and high winds destroyed fifty mobile homes, and a dozen aircraft, and also destroyed a third of the Brighton Elementary School

    1976 -- Poet Gwendolyn Brooks becomes the first black woman inducted into the US National Institute of Arts & Letters

http://www.poets.org/poets/poets.cfm?prmID=166

http://www.english.uiuc.edu/maps/poets/a_f/brooks/brooks.htm

http://www.flint.lib.mi.us/fpl/resources/poetry/poetryquiz/brooks.html

    1979---Top Hits

Reunited - Peaches & Herb

Hot Stuff - Donna Summer

In the Navy - Village People

If I Said You Had a Beautiful Body Would You Hold It Against Me - Bellamy Brothers

    1984-The Cars release "Magic."

    1986-Peter Gabriel releases his album, So.

    1987---Top Hits

With or Without You - U2

The Lady in Red - Chris DeBurgh

Heat of the Night - Bryan Adams

To Know Him is to Love Him - Dolly Parton, Linda Ronstadt, Emmylou Harris

    1988-- "Red Sox" retire Bobby Doerr's #1

    1989 - Thunderstorms developing ahead of a cold front spawned ten tornadoes from Illinois to Tennessee during the afternoon and night. Snow, wind and cold prevailed in the Northern Plateau Region and the Northern Rockies. Dixie, ID, was blanketed with nine inches of snow, winds gusted to 87 mph at Choteau MT, and the temperature at Crater Lake, OR, dipped to 11 degrees.

    1992 - The 27th Amendment to the Constitution, which prohibits Congress from giving itself mid-term pay raises, went into effect.

    1992 --  VP Dan Quayle attacks TV character Murphy Brown for having a baby out of wedlock.

    1994—Top Hits

Swear- All-4-One

The Sign- Ace Of Base

I ll Remember (From "With Honors")- Madonna

The Most Beautiful Girl In The World- The Artist

    1995- Emmy's 22nd Daytime Award presentation - Susan Lucci loses for 15th time

    1998-The World Golf Village, an ambitious 6,300 acre development supported by every major golf organization in the world and located in St. Augustine, FL.,opened to the public. The complex includes three championship golf courses, a luxury hotel, vacation villas, retail stores, a convention center, a Mayo Clinic medical facility and the World Golf Hall of Fame with more than 70 exhibits arranged in an “18 hole” layout.

    1998-- For the second time this season and fourth time in his career Mark McGwire hits three homers in a game. 'Big Mac' becomes the 12th player to hit two three- homer games in a season as he smacks three two-run round trippers against the Phillies.

    1999—Top Hits

Livin La Vida Loca- Ricky Martin

No Scrubs- TLC

Kiss Me- Sixpence None The Richer

Every Morning- Sugar Ray

    2002- Cubs' first baseman Fred McGriff's two-run homer at Miller Park ties Ellis Burks' record of homering in 40 different major league parks. The 'Crime Dog's' eighth inning blast knots the score 3-3 in an eventual 4-3, 11-inning victory over the Brewers snapping Chicago's nine-game losing streak.

 

   Stanley Cup Champions This Date

 

    1974   Philadelphia Flyers

     1984  Edmonton Oilers

[headlines]

 

Bucs.net  Baseball Poem       

 

  “Jack”

By JackFan2

 

  

Some say to never idolize professional athletes.
They say the actual person is not who you will meet.
I am going to tell you about a player I have met
who has taught me so much in life that I will not forget.

He started as someone I would always cheer for
when he crossed home plate and allowed our team to score.
There was so much I liked about him, I’ll tell everything I can.
First I needed a way to prove to him I was his biggest fan.

As I was sitting home one day with nothing else to do,
I got out all my paints to work on something new.
Out of it I made, a sign that said his name
and held it in front of him right before a game.

Jack saw me from the field then he turned and smiled,
walked over and looked at me as if he was proud.
I took a pen out and he signed me an autograph,
I stood there in shock; all that came out was a laugh.

He told me no one ever made him a sign before.
Instantly I thought I would have to make him more.
I came up with many ideas, a bunch of little rhymes
within the next three years, I met him twenty times.

We began to talk about everything, the right from the wrong.
I know everything about him, even his favorite song.
He has told me never to do drugs and not to ever smoke
and not to feel nervous in a softball game and choke.

When I told him I'd like to broadcast, he didn't tell me it was wrong.
Instead, on his weekly talk show, I was invited to come along.
I got to learn a lot that day about my future and my career.
He helped me to realize there really is nothing for me to fear.

When it comes to fans, most players don't even bother,
Jack is there for them, and still has time to be a father.
He's a devoted husband every day to his wife,
the kind of guy anyone would want for their whole life.

He is well known for how well he plays defense,
always on his toes, builds up some suspense.
And when he commits an error, he'll be the first to say,
"I hesitated on that ball; it should've been a double play."

He loves to dive and slide in any way or form.
He hates to leave the game with a clean uniform.
It shows he has given it all that he has got,
whether he's covered in dirt or just a little spot.

In the dugout he'll sit and ask the coaches questions.
If he's not hitting right, he'll ask for their suggestions.
He strives to find out ways he can become better.
He won't sit back and wait; he's more of a go-getter.

He's not the type who plays in order to get paid,
but rather the type whose impact will never fade.
Jack doesn't play for the fame or for the glory;
he plays to send a message, and to tell his story.

I hate to think where I'd be if I never yelled "Hey Jack!"
All of my favorite memories would be taken back.
And when I watch him every day as he plays shortstop,
I think of how hard it was for him to come out on top.

I wish I could just tell him how he makes me feel.
He picks me up when I'm down and sometimes helps me heal.
Everything he's taught me, I hope I won't forget.
I'd never take back the memory from the first day that we met.
He's the kind of person that will make you feel good inside,
teaches you if something goes wrong, not to run and hide.
Whatever you want to know, he'll answer every question,
he'll leave you with good advice, and leave a good impression.

The team received a new player, a veteran to the game,
for eight years he wore the number twelve right under his name.
The last two years Jack wore the number twelve also,
but willingly he was able to let the number go.

He finally decided to change to the number two,
he felt deep down inside it was the right thing for him to do.
Some fans were disappointed, some were even hurt,
but he didn't change his image, just the number on his shirt.

Once before he asked me why I chose him as the best,
by reading this he'd see he is better than the rest.
I go to all of his games and love to watch him hit.
He is my favorite player, I know he'll never quit.

 

[headlines]

 

In honor of Gwendolyn Brooks, her poem:

  

 

 WHEN YOU HAVE FORGOTTEN SUNDAY: THE LOVE STORY

That the war would be over before they got to you;
--And when you have forgotten the bright bedclothes
on a
Wednesday and a Saturday,
And most especially when you have forgotten Sunday -
When you have forgotten Sunday halves in bed,
Or me sitting on the front-room radiator in the limping
afternoon
Looking off down the long street
To nowhere,
Hugged by my plain old wrapper of no-expectation
And if-Monday-never-had-to-come
When you have forgotten that, I say,
And how you swore, if somebody beeped the bell,
And how my heart played hopscotch if the telephone rang;
And how we finally went in to Sunday dinner,
That is to say, went across the front-room floor to the
ink-spotted table in the southwest corner
To Sunday dinner, which was always chicken and noodles
Or chicken and rice
And salad and rye bread and tea
And chocolate chip cookies --
I say, when you have forgotten that,
When you have forgotten my little presentiment
And how we finally undressed and whipped out the
light and
flowed into bed,
And lay loose-limbed for a moment in the week-end
Bright bedclothes,
Then gently folded into each other --
When you have, I say, forgotten all that,
Then you may tell,
Then I may believe
You have forgotten me well.

[headlines]

 

 

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