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

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

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations

   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries

Wednesday, May 30, 2018

Today's Equipment Leasing Headlines

Position Wanted – Credit
   Work Remotely or Relocate for Right Opportunity
Top Stories:  May 21 - May 25
   (Opened Most by Readers)
“Evergreen Clause”—The Danger of Automatic Renewal
   Definitions by Barry S. Marks, Esq., CLFP
Barry Marks, CLFP on the Change of Name by NAELB
  to American Association if Commercial Finance Brokers
Leasing Industry Ads---Help Wanted
   Positions Available
Sales Makes it Happen by Scott Wheeler, CLFP
   The Good Old Days
Cash Flow is Still King
   Three Examples by SLIM Capital, LLC
The Countries with the Most Foreign Currency Reserves
  Chart by Jeff Desjardins,
E-Commerce Sales 9.34% of Total Retail Sales
  by Prachi Bardwaj, Business Insider
Channel Partners Capital Closes Major Equity Investment
  By Elliott Management Corp; Secures Long-Term Credit Facility
LeaseAccelerator Honored as Bronze Stevie® Award Winner
     in 2018 American Business Awards®
First American Equipment Finance Again Ranked #1
  Among Best Companies to Work for in New York
Australian Cattle Dog/Mix
   Seattle, Washington  Adopt a Dog
The Finance Marketing Group
   Alex Vasilakos, Director of Marketing
News Briefs---
The story isn’t how much Dodd-Frank has been changed.
   It’s how little
'Digital wallet’ of Ant Financial captivates China and beyond
  raising funds that would value it at $150 billion

Broker/Funder/Industry Lists | Features (wrilter's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device 

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

######## surrounding the article denotes it is a “press release,” it was not written by Leasing News nor has the information been verified. The source noted. When an article is signed by the writer,
it is considered a “byline.” It reflects the opinion and research of the writer.

Please send a colleague and ask them to subscribe. We are free
Email and in subject line: subscribe




Position Wanted – Credit
Work Remotely or Relocate for Right Opportunity

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

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

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


Orlando, Florida - Will work remotely
As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.
407 430-3917

Work Remotely from Portland, Oregon
Experienced commercial banker and former commercial equipment leasing industry professional seeking full-time or part-time work out of my home in Portland, Oregon. Over twenty years’ experience in credit analysis, underwriting, sales and collections. Known for creative problem solving and strong quantitative & qualitative analytical skills.  Demonstrated ability to gather information, evaluate and make informed strategic business decisions to maximize profit and mitigate risk. Well known for ability to develop strong business relationships with Clients and large list of national equipment leasing Brokers. Please see attached resume and contact me below if interested. 

Seattle, WA – Will Work Remotely
A highly skilled credit expert.  Extensive underwriting background in small ticket leasing and commercial banking.  Managing equipment finance credit operations, performing daily credit tasks, spreading/analyzing financial statements, preparing monthly reports.  Exceptional organizational, analytical, communication skills.  I excel at making sound credit decisions in a fast paced environment.


Top Stories:  May 21 - May 25
(Opened Most by Readers)

(1) Readers Didn't Get the Lead Story on BusinessFinance
        Closing its Door---Why This is Important!
               By Christopher Menkin

(2) Don Myerson on Island of Kauai
   Kilauea Volcano Affecting Other Hawaiian Islands?

(3) New Hires/Promotions in the Leasing Business
           and Related Industries

(4) New Hires/Promotions in the Leasing Business
           and Related Industries

(5) April, 2018  -  The List
   "The Good, the Bad and the Ugly"

(6) Federal Reserve Releases Report--Small Employer Firms
      Most Frequently Applied for loans and lines of Credit

(7) Live Oak Bank Announces New Lending
           Segment for Franchise Restaurants

(8) Cash Flow is King

(9) Do I Look Like a Therapist?
          By Kevin F. Clune, CLFP

(10) CLFP Academy for Lease & Finance Professionals
             Three Classes/New Handbook Being Printed



“Evergreen Clause”—The Danger of Automatic Renewal
Definitions by Barry S. Marks, Esq., CLFP

The inclusion of automatic renewal (or “evergreen”) clauses in true leases has been a fairly common practice from time immemorial. It is included in most company leasing contracts, whether "fair market value," 10% options, or even $1.00 (Yes, companies will continue payments if not notified and there have been several cases where the residual is $1.00)

There is no question that these clauses provide important protections to the lessor to obtain their residual. If the lessee has no intent to renew, the lessor has in interest in knowing it before the end of the term so that he can start planning for remarketing or some other disposition of the equipment.

However, the question of whether a lessee should be reminded by the lessor of the notice deadline in plenty of time for the lessee to react is an entirely different question. These states have statutes requiring commercial equipment lessors to provide a written notice – a fair warning – before the notice deadline date arrives.  Many states have laws regarding consumer notification.  These states have them regarding commercial notice (compliments of Barry S. Marks, Esq., CLFP:


New York

Rhode Island

(Being revised at this time)






Barry Marks, CLFP, on the Change of Name by NAELB

Leasing News originally noted the complaints in "Letters--We Get eMail!" regarding the name change of the National Association of Equipment Leasing Brokers. Here is a positive one, which Barry Marks, Esq., CLFP, responded to a thank you for the information in the above article:

"I want to take a moment to congratulate the Directors of AACFB (formerly NAELB) on a bold and (fingers crossed!) potentially game-changing move in expanding the Association to include a broad range of commercial finance brokers.

"I have been critical of the Board in recent months. It’s hard for me, as a 27-year NAELB member and booster, to accept change. Nevertheless, I must agree that the time has come to recognize the industry’s expansion and the need to break further away from other equipment finance associations.

"There will be a lot of work ahead to maintain the Association’s integrity and focus on the needs of brokers, while accommodating finders and service providers. The Dallas Expo experience should be interesting indeed.

"Best of luck to AACFB in the coming years."


 Sent from my iPhone



Leasing Industry Ads---Help Wanted
Now’s the Time to Apply

   Focusing on Fortune 1000 companies
and other near investment grade credit corporations

   Lease Origination
(click here for more information)

   VP of Capital Markets
(click here for more information)
Headquartered in San Francisco, ATEL is one of the largest independent equipment financing companies in the US serving a wide range of industries




Sales Makes it Happen by Scott Wheeler, CLFP

The Good Old Days
We are living the "good old days" right now in the commercial equipment leasing and finance industry.

The first quarter of 2018 had a record increase in capital business expenditures. Participants in the industry are having record production months and strong originators are entering the summer months with exceptional backlogs. 

  • As every good fisherman will tell you, "Don't leave the hole while the fish are still biting."
  • Now is time to give an extra 5% effort, because it will produce 20% greater results.  
  • Competition is so great because business is robust. Make sure that you earn your fair share.
  • Your efforts today will earn you a stronger market position for the future.
  • Don't be greedy - quality is sustainable. Short-cuts are punished.
  • Make your mark and strive to be a "player" in the market.
  • Your challenges are temporary - there are new opportunities right around the corner.

The opportunities in the commercial equipment leasing and finance industry have never been greater. Enjoy the opportunities, smile, and know that you are living the "good old days."


Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161

Sales Makes it Happen articles:




Cash Flow is Still King
Three Examples by SLIM Capital, LLC

Here are a few recent transactions where we have made a real difference in cash flow needs.

$200,000 for a Full Service Brand Strategy Design company   
   with IRS Tax Liens and High Cost Debt

Due to some slow receivables and shift in business model, this debtor had taken on about $100k of costly cash advance debt and fallen behind on about $65k of tax liens. We were able to structure a second lien on the principal's residence, pay off the debt and offer additional working capital. Not only did we wipe out his debt and offer capital, we saved the debtor about $15,000 a month of cash flow. That's $15,000 more to use for his business, every month!

$12,000 to Originators

$485,000 for Restaurant Buildout

After 20 years of operating in the same space, our client's landlord decided to triple their rent causing a tremendous drain on their cash flow. Our client opted to move to a new location, requiring funds towards build out and equipment financing. SLIM took a second position on a condo the owner has for $235k toward buildout expenses plus another $250k for his equipment acquisition financing. We cannot wait to taste the flavors of this successful move!

$25,000 to Originators

$40,000 to ease Owner/Operator Blues

This experienced veteran long haul owner/operator had a catastrophic breakdown of his older model truck and after recovering from knee replacement surgery, was ready to get on the road. He did not have sufficient down to get us to our desired exposure, so we took a lien on his mobile home property in FL to get him on the road. He could not have been happier to be, "...On the Road Again!"

$4,000 to Originators

SLIM Capital, LLC is a nationwide direct finance company that specializes in securing hard assets to structure financing transactions. We consider equipment with a strong secondary market value, real estate and other assets that can be easily monetized as collateral. Give us a call or email us with any deals that you think might be a fit.

Shervin Rashti, CLFP
Direct: 310-499-2506




The Countries with the Most Foreign Currency Reserves
  Chart by Jeff Desjardins,



E-Commerce Sales 9.34% of Total Retail Sales
by Prachi Bardwaj, Business Insider

It's important to note that "total retail sales" also includes the dollars made from motor vehicle sales, gas stations, groceries, and other categories that aren't as affected by e-commerce as clothing or office supplies. Without them, the share of e-commerce spending would be more like 20%, according to market research firm comScore, which is still considerably low.




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

Channel Partners Capital Closes Major Equity Investment
By Elliott Management Corp; Secures Long-Term Credit Facility

Minnetonka, MN – Channel Partners Capital (“Channel”), a leading provider of small business loans, announced today two significant developments to support the company’s growth initiatives. Channel has closed a significant equity investment from funds advised by Elliott Management Corporation (“Elliott”), a leading multi-strategy private investment firm with approximately $35 billion in assets under management. Elliott’s equity investment will provide Channel with new growth capital to support further expansion of Channel’s portfolio lending capabilities. Elliott’s investment also facilitated a recapitalization with a new expandable asset backed credit facility led by CIBC Bank USA.

Brad Peterson
Channel Partners Capital, LLC

“These agreements both endorse and support our rapid growth strategy for the future, along with an increase in our equity and debt facilities to support $300 million in annual originations,” said Brad Peterson, CEO of Channel. “With these two strong financial partners, we’re expanding our investments in people, technology platforms and operational enhancements to better assist equipment finance companies in providing growth capital to their own customers.”

Farrukh Iqbal, investment professional at Elliott, added “Channel has many attributes that we seek in our private specialty finance investing strategy, including a differentiated customer acquisition strategy, strong relationships with its customers and an analytical and disciplined approach to underwriting. With its new, flexible and efficient capital structure, Channel is positioned very well to capitalize on growth opportunities. We are excited to be partnering with the talented team at Channel to support the expansion of Channel’s products, lending channels and portfolio lending capabilities.”

Last year Channel was ranked among the Inc. 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for the fifth straight year.

Along with replacing and expanding a credit facility that Channel signed in 2015, these two new agreements offer Channel improved financial flexibility and reduced costs.

Cadwalader, Wickersham & Taft LLP acted as legal advisor to Elliott. Eversheds Sutherland acted as legal advisor and Middlemarch Partners LLC acted as sell-side advisor to Channel.

About Channel Partners Capital LLC
Based in Minnetonka, Minn., Channel Partners Capital (Channel) is a leading provider of small business loans utilizing customized technology and business processes. Channel delivers loans to small businesses through partnerships with equipment finance companies, helping these companies provide their customers access to capital needed to grow their businesses.

Since its founding in 2009, Channel has originated over 7,000 loans generating loan receivables of over $350 million. Channel is one of a limited number of full-service, non-bank, small business lenders successfully filling the gap in small business credit availability.

For information about financing options or partnership opportunities, or e-mail

About Elliott Management
Elliott Management Corporation manages two multi-strategy investment funds which combined have approximately $35 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

About CIBC Bank USA
CIBC, through CIBC Bank USA, provides U.S. clients with tailored commercial, wealth management, personal and small business financial solutions as well as cross-border banking services to clients with North American operations. CIBC is a 150-year-old Toronto-based, global financial institution with U.S. headquarters in Chicago. CIBC has 46 strategically located offices in 18 states with specialty banking businesses that serve clients from coast to coast.
Learn more at

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


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

LeaseAccelerator Honored as Bronze Stevie® Award Winner
in 2018 American Business Awards®

Reston, VA. LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, was named the winner of a Bronze Stevie® Award in the Company of the Year, Computer Software category at The 16th Annual American Business Awards®.

More than 3,700 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Live Event of the Year, and App of the Year, among others. LeaseAccelerator was nominated in the Company of the Year category for Computer Software.

LeaseAccelerator is the first enterprise application designed specifically to help companies comply with the new lease accounting standards and automate the business process lifecycle for their leases. The typical Fortune 500 company has between 1,000 and 10,000 leases, representing a dollar value between $100 million and $15 billion, but has no enterprise application to track these financing arrangements or the underlying assets. LeaseAccelerator enables companies to automate the record-to-report, procure-to-pay and acquire-to-dispose lifecycles for real estate, vehicle fleet, IT and other equipment leases.

Michael Keeler, CEO of LeaseAccelerator, remarked,  “We are pleased that not only LeaseAccelerator, but also the new category of software – Enterprise Lease Accounting – is being recognized for its critical importance to business performance,” said.

 “Leasing is one of the few multi-trillion-dollar business processes that has not yet been disrupted by technology. We strive to help companies comply with SEC accounting regulations and save millions of dollars per year through smarter procurement and financing strategies,” noted Keeler.

Michael Gallagher, president and founder of the Stevie Awards, said, “The nominations submitted for The 2018 American Business Awards were outstanding. The competition was intense, and those recognized as Stevie Award winners should be immensely proud of this accomplishment,” said The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Details about The American Business Awards and the list of 2018 Stevie winners are available at    

About LeaseAccelerator 
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with SOX, SEC and current and new FASB and IFRS standards. Using LeaseAccelerator’s proprietary asset-based Global Lease Accounting Engine, customers can account for all categories of leases including real estate, fleet, IT, material handling and other equipment at an asset level. On average, LeaseAccelerator’s Lease Sourcing and Management applications generate savings of 17 percent on equipment leasing costs with smarter procurement and end-of-term management. Learn more at

About the Stevie Awards 
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie.

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



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

First American Equipment Finance Again Ranked #1
Among Best Companies to Work for in New York

Fast-growing equipment finance firm recognized
for the 7th consecutive year

FAIRPORT, NY – First American Equipment Finance earned top honors among midsize (100-249 employee) companies for the Best Companies to Work for in New York in 2018. This elite recognition marks First American’s 7thconsecutive time on the list, and the second time achieving the coveted #1 ranking.

CEO Alan Sikora, said, “My colleagues and I are honored to be ranked as the best midsize workplace in New York,” said. “Each morning, First American professionals decide to come to work with determination to build a great company. I’m grateful to be a part of this journey.”
First American earned the accolade for its outstanding achievement in employee satisfaction and engagement. The award was based on the results of third party, independently-compiled surveys of First American employees.
First American has also been recognized by FORTUNE and Great Place to Work as a Best Midsize Workplace, Best in New York, Best in Financial Services, Best for Millennials, Best for Women, Best for Giving Back, and Best for New Grads. Entrepreneur Magazine has named First American as a Top Company Culture and Selling Power Magazine named First American among the Best to Sell For.

First American Equipment Finance is a wholly owned subsidiary of Los Angeles, CA-based City National Bank, an RBC Company. First American is ranked among the largest equipment finance companies in the United States, and provides commercial equipment financing to the most creditworthy and sophisticated commercial borrowers in the country.

Courtesy of


Australian Cattle Dog/Mix
Seattle, Washington  Adopt a Dog

Iron Man

ID 38611049
4 Years old
Size: Medium
Color: Black/Brown
Declawed: no
Housetrained: unknown
Site: Seattle Animal Shelter
Location: Dog Kennels
Intake Date: 5/19/2018
Fee: $275

Adoption Process


Seattle Animal Shelter
2061 15th Ave W
Seattle, WA 98119
Direct: 206-386-4294

Wednesday-Sunday, 1 p.m.-6 p.m.;
Closed Mondays and Tuesdays



The Finance Marketing Group
Alex Vasilakos, Director of Marketing

Alex works exclusively with financial services companies but his depth of knowledge and experience can help design and implement long-reaching strategies for businesses across all industries.

Alex entered advertising and marketing in 2003 as the industry landscape shifted from traditional print to digital media. In that time, he has worked with numerous large accounts .in both healthcare and financial services, and has helped small and medium-sized businesses grow and flourish in their respective digital markets. He has won countless awards for creative direction and strategy, and is certified by Google Partners in both AdWords and Analytics. 
Office: 518-591-4645x102 / Fax: 518-677-1071
90 State Street, Suite 1500, Albany, NY 12207


News Briefs----

The story isn’t how much Dodd-Frank has been changed
   It’s how little.

'Digital wallet’ of Ant Financial captivates China and beyond
  raising funds that would value it at $150 billion




You May Have Missed---

Renters Become Majority in More than 20 Major US cities
The Millennials are Not Coming to Save the Market


Baseball Archeologists
By Tim Peeler

Hatley had
a catcher's big hands
and had he played
he certainly would have caught,
braced in the squat position
examining the game
from its lowest perspective
with small dark eyes
darting like flashy pencil points —
Hatley never
watched the games live,
vcr'd them,
invited the guys over
to study
inning by inning
in reverse,
the coffee table smothered
with stuffed ashtrays
and emptied crushed beer cans,
at first the speculation
heavy as late game drunkenness,
what caused the score,
the change of pitchers,
rewinding the full swings,
the perfect throws,
in three out layers,
our eyes clearing,
cig butts disappearing,
finally ending
with the first taken pitch
and the sober presentation
of the lineups —
when the national anthem sang itself we stood
the words jumping
back into our mouths.
Touching All Bases
Poems from Baseball
Tim Peeler


Sports Briefs---

What Steph Curry said about LeBron James
    reaching NBA Finals again

Steph and Riley Curry now have an incredibly
   adorable, elaborate handshake ritual

Breaking a barrier: Oregon high school hires woman
    as varsity boys basketball coach

Should the 49ers sign Dez Bryant?


California Nuts Briefs---

Most affordable places to live in California:
    Ever heard of California City?

Independent voters now outnumber Republicans in California



“Gimme that Wine”

Wine Country institution Terra to close
   after 30 years in St. Helena

Unearthing Portugal’s Wine of the Dead,
   a Relic From the Napoleonic Wars

Bordeaux Hail Damage Terrible but Localised

Auction Napa Valley online auction opens Sunday

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

    1498 - Christopher Columbus set sail with six ships from Sanlucar in Spain on his third voyage of exploration to the Americas. In reality, he never discovered the main land, only a group of islands in the Bahamas that he thought were islands off of India, thus he gave to the natives he found the name Indians. The scuttlebutt of the time was that these natives were the lost tribe of the Hebrews (I am not making this up. Read your history.) Historians have also proven that Cristo Colombo was Jewish, as was his navigator who actually is the one who sited the land. Also, Queen Isabella never financed the journey (this was made up by children's story tellers). He actually was financed by two Jewish merchants. 
    1539 - Spanish explorer Hernando de Soto landed at Tampa Bay, Florida, with 600 soldiers in search of gold. Hernando de Soto returned to the New World at the head of a 1,000-man expedition into North America. He proceeded through what is now Alabama and Tennessee, making treaties with some Indians, viciously fighting with others.
    1734 - Benjamin Franklin published the first American Masonic Book. The Masons were a strong movement for several centuries in America.
    1783 - The Pennsylvania Evening Post became the first daily newspaper published in the US. The paper was published at Philadelphia, PA, by Benjamin Towne.
    1806 - Dueling was common in early America. Future president Andrew Jackson shot and killed Charles Dickson at Harrison's Mills on the Red River, Logan County, KY. The combatants stood 24 feet apart. Dickinson fired first. The shot broke a couple of Jackson's ribs and grazed his breastbone. Despite the injury, Jackson fired and killed Dickinson. It was one of a hundred duels and brawls in which Jackson is said to have participated. Jackson served as president of the United States from March 4, 1829, to March 3, 1837.
    1848 - William G. Young of Baltimore, MD patented the “ice cream freezer.” A record of a purchase for a “cream machine for ice” is contained in George Washington's expense ledger under date of May 17,1784, and there were such machines dated earlier, but this is the first patent and production manufacturing of it followed for two centuries.
    1854 - The territories of Nebraska and Kansas were established. The governor of the Kansas Territory was James William Denver. Pres. Pierce kept appointing proslavery governors. The Kansas-Nebraska Act repealed the Missouri Compromise and opened the north to slavery. This period of Kansas history was incorporated into the 1998 novel “The All-True Travels and Adventures of Lidie Newton,” by Jane Smiley. 
    1868 - Memorial Day was observed for the first time in the United States, at the request of General John A. Logan, the national commander of the Grand Army of the Republic. It was first called Decoration Day because the General had seen women decorating graves of Civil War heroes.
    1879 - A major outbreak of severe weather occurred in Kansas and Western Missouri. Tornadoes in Kansas killed 18 persons at Delphos and claimed 30 lives at Irving where two twisters struck within minutes of one another, reducing the small community to rubble. The second tornado was perhaps two miles wide and exhibited multiple vortices.
    1886 - Seeing eye dog creator Dorothy Wood Eustis (d. 1946) was born in Philadelphia, Pennsylvania. As a widow, she moved from the U.S. to Switzerland where she continued her experiments in breeding German Shepherd dogs of great intelligence and easy dispositions. Her dogs were soon in great demand all over Europe for police work. A school was developed in Europe to train the intelligent dogs for what we know today as the seeing eye dogs for the blind. She returned to the U.S. to establish the seeing eye movement, setting up a training school for dogs and owners. At her death, her school had trained more than 1300 guide dogs for the blind - all based on her breeding acumen.
    1894 – Bobby Lowe of the Boston Beaneaters became the first player to hit four home runs in one game, in a 20-11 win over the Reds in the second game of a doubleheader. Lowe hits two of his homers in the 3rd inning.
    1902 - Birthday of actor/comedian Stepin Fetchit, born Lincoln Theodore Monroe Andrew Perry (d. 1985), Key West, FL.  Perry parlayed the Fetchit persona into a successful film career and became a millionaire. He was the first black actor to do so. He was also the first black actor to receive featured screen credit in a film.  Perry's film career slowed after 1939, and after 1953, nearly stopped altogether. Around that time, the actor and the character began to be seen by black Americans and Americans at large as an embarrassing and harmful anachronism, echoing and perpetuating negative stereotypes.,+Stepin
    1903 - Birthday of African-American poet Countee Cullen (d. 1946), Baltimore, MD
    1905 - Birthday of trumpet player Sidney DeParis (d. 1967), Crawfordsville, IN
    1909 - Benny Goodman (d. 1986) birthday, Chicago.  Known as the "King of Swing," in the mid-1930s, Goodman led one of the most popular musical groups in America. His concert at Carnegie Hall in New York City on January 16, 1938, is described by the critic Bruce Eder as "the single most important jazz or popular music concert in history: jazz's 'coming out' party to the world of 'respectable' music."  Goodman's bands launched the careers of many major jazz artists. During an era of racial segregation, he led one of the first well-known integrated jazz groups. Goodman performed nearly to the end of his life.  In July 1935, a record of the Goodman band playing the Fletcher Henderson arrangements of "King Porter Stomp" backed with "Sometimes I’m Happy" was released by RCA Victor, to ecstatic reviews.  Reports were that in Pittsburgh at the Stanley Theater some of the young members of the audience danced in the aisles, but in general these arrangements had little impact on the band's tour until August 19, when they arrived at McFadden’s Ballroom in Oakland, CA.  There, Goodman and his band, including Gene Krupa, Bunny Berigan, and the singer Helen Ward, found a large crowd of young dancers, raving and cheering the hot music they had heard on the Let's Dance radio show.  Herb Caen wrote that "from the first note, the place was in an uproar."  At the Palomar Ballroom in Los Angeles, Goodman and his band began a three-week engagement. On top of the Let's Dance airplay, Al Jarvis had been playing Goodman records on KFWB radio and Los Angeles fans were primed to hear him in person.  Goodman started the evening with stock arrangements, but after an indifferent response, he began the second set with the arrangements by Fletcher Henderson and Spud Murphy. According to Willard Alexander, the band's booking agent, Krupa said, "If we're gonna die, Benny, let's die playing our own thing."  The crowd broke into cheers and applause. News reports spread word of the exciting new music and the enthusiastic dancing to it.  The Palomar engagement was such a marked success it is often described as the beginning of the swing era.  According to Donald Clarke, "It is clear in retrospect that the Swing Era had been waiting to happen, but it was Goodman and his band that touched it off."
    1909 - A very narrow but intense tornado, rated F4 on the Fujita Scale, cut across the sleeping town of Zephyr, Texas shortly after midnight. 34 people were killed and 70 were injured. Many homes were literally swept away with nothing left on the sites, just vacant lot after vacant lot.
    1910 - Birthday of Ralph Metcalfe (d. 1978), Olympic gold medal sprinter born at Atlanta, GA. Metcalfe set world records in the 100 yards, 100 meters and 200 meters between 1932 and 1936. At the 1936 Berlin Olympics, he finished second to Jesse Owens in the 100 meters and won a gold medal as a member of the 400-meter relay team. After World War II, Metcalfe was very active in Democratic politics, serving as a convention delegate, first Illinois Athletic commissioner, elected four times to the US House of Representatives. He founded the Ralph H. Metcalfe Youth Foundation which provided athletic and educational programs for youth. He was named a member of the President's Commission on Olympic Sports in 1975. The federal building at 77 W. Jackson in Chicago was named for him when it was dedicated in 1991.
    1911 - The first Indianapolis 500 took place. The race was created by Carl Fisher, who in 1909 replaced the stone surface of his 2.5-mile racetrack with a brick one—hence the nickname “The Brickyard.” The first long-distance race was won by Ray Harroun, 29 years old, who drove a 16-cyclinder Marmon Wasp over the 2.5-mile oval course for a distance of 500 miles in 6 hours, 41 minutes, 8 seconds, an average of 74.7 miles per hour. Only 38 of the 44 cars entered completed the race. One contestant was killed in an accident. The race was witnessed by 85,000 spectators.
    1912 - During the second running of the Indianapolis 500, driver Ralph Mulford was told he would have to finish the race to collect 10th-place money. Mulford did so, but it took him eight hours, 53 minutes, more than 2 ½ hours longer than the winner. He stopped for fried chicken several times along the way, and the rule was changed the following year.
    1922 - Lincoln Memorial was dedicated. If you haven't seen it in person, it is well worth the trip. The memorial is made of marble from Colorado and Tennessee and limestone from Indiana. It stands in West Potomac Park at Washington, DC. The outside columns are Doric, the inside, Ionic. The Memorial was designed by architect Henry Bacon and its cornerstone was laid in 1915. A skylight lets light into the interiors where the compelling statue “Seated Lincoln,” by sculptor Daniel Chester French, is situated between the north and south chambers was carved of Georgia white marble by the Piccirilli Brothers under French’s direction and took four years to complete. The statue is 19 feet tall from head to foot, the scale being such that if Lincoln were standing, he would be 28 feet tall.   It is open to the public 24 hours a day.  Since 2010, approximately 6 million people visit the memorial annually.
    1923 - Howard Hanson's 1st Symphony "Nordic," premiered.
    1927 - Birthday of actor Clint Walker, born Norman Eugene Walker, Hartford, IL. (d. 05-17-18). My father, Lawrence Menkin, wrote many of the episodes of TV show “Cheyenne” that Clint Walker starred in.
    1927 – Walter Johnson threw the last of his 110 career shutouts in a 3-0 win over the Red Sox.
    1935 – Babe Ruth played in his final Major League game, for the Boston Braves.  Phillies pitcher Jim Bivin retired Ruth on a groundout in the Babe's final at-bat.
    1935 - Tommy Dorsey splits from Jimmy after disagreement on tempo on “I'll Never Say Never Again Again” at the Glen Island Casino, New Rochelle, NY. They would not talk to each other until the 1950's, playing only one more time together on a television special.
    1940 – Carl Hubbell of the New York Giants threw a one-hitter and 87 pitches for the 7-0 win over the Dodgers. 
    1943 - Battle of the Aleutian Islands. The islands of Kiska and Attu in the Aleutian Islands off the coast of Alaska were retaken by the US 7th Infantry Division. The battle (Operation Land Grab) began when an American force of 11,000 landed on Attu May 12. In three weeks of fighting, US casualties numbered 552 killed and 1,140 wounded. Only 28 wounded Japanese were taken prisoner. Their dead amounted to 2,352 of whom 500 committed suicide.
    1943 - Birthday of Gale Eugene Sayers, pro Football Hall of Fame running back, Wichita, KS.  Sayers spent seven seasons with the Chicago Bears from 1965 to 1971, though multiple injuries effectively limited him to five seasons of play. He was known for his elusiveness and agility, and was regarded by his peers as one of the most difficult players to tackle.  Nicknamed the "Kansas Comet," Sayers played for the University of Kansas where he compiled 4,020 all-purpose yards over three seasons and was twice recognized as a consensus All-American. In his rookie NFL season, he set a league record by scoring 22 total touchdowns and gained 2,272 all-purpose yards en route to being recognized as the NFL's Rookie of the Year.  Sayers was inducted into the Pro Football Hall of Fame in 1977 and, aged 34, remains the youngest person to receive the honor. He was inducted into the College Football Hall of Fame the same year. His jersey number is retired by both the Bears and the University of Kansas. In March 2017, Sayers' wife, Ardythe, revealed that he had been diagnosed with dementia four years prior.  She stated that a Mayo Clinic doctor confirmed it was likely caused by his football career.
    1950 - Top Hits
“My Foolish Heart” - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
“Bewitched” - The Bill Snyder Orchestra
“It Isn't Fair” - The Sammy Kaye Orchestra (vocal: Don Cornell)
“Birmingham Bounce” - Red Foley
    1956 - African-Americans in Tallahassee began a bus boycott in that city. They were protesting the system of segregation that required non-whites to ride in the back of busses.
    1956 – In what will be his Triple Crown year, Mickey Mantle of the Yankees almost hit the first fair ball out of Yankee Stadium.  Within a foot-and-a-half clearing the façade on the roof, it hits the upper deck in right field, 370 feet from home plate and 117 feet in the air. Mantle also becomes the first player in Major League history to hit 20 home runs by the end of May as the Yankees beat the Washington Senators, 4-3.
    1958 - Top Hits
“All I Have to Do is Dream” - The Everly Brothers
“Return to Me” - Dean Martin
“Do You Want to Dance” - Bobby Freeman
“Just Married” - Marty Robbins
    1963 - No. 1 Billboard Pop Hit: "It's My Party," Lesley Gore.
    1964 - Wynonna Judd birthday, Ashland, KY.  U.S. country western singer who won the Grammy 1985, ‘86, ‘87, ’89. She was voted top female country artist award in 1994 Judd.
.  Daughter of Naomi Judd and sister of actress Ashley
    1964 - The Beatles' "Love Me Do" hits #1 
    1966 - Top Hits
“When a Man Loves a Woman” - Percy Sledge
“A Groovy Kind of Love” - The Mindbenders
“Paint It, Black” - The Rolling Stones
“Distant Drums” - Jim Reeves
    1967 - Daredevil Evel Knievel jumped 16 automobiles lined together in a row in a motorcycle stunt at Ascot Speedway in Gardena, Georgia.
    1970 - Ray Stevens' "Everything Is Beautiful" hits #1 
    1971 - The spacecraft Mariner 9 was launched in the direction of Mars. It became the first craft to orbit another planet, returning many images of Mars. The images revealed what appear to be riverbeds on the surface, suggesting the presence of water on Mars at some point in the past. Mariner 9 photographed the entire surface of Mars.
    1971 - 36 Grateful Dead fans treated for hallucinations caused by LSD they unwittingly ingested from a spiked apple drink served at San Francisco's Winterland. Although group members are suspected of supplying the drug, they are not accused.
    1973 - No. 1 Billboard Pop Hit: "My Love," Paul McCartney & Wings. The song is McCartney's first No. 1 song with Wings, a group he formed after the breakup of the Beatles.
    1974 - Top Hits
“The Streak” - Ray Stevens
“Dancing Machine” - The Jackson 5
“The Show Must Go On” - Three Dog Night
“No Charge” - Melba Montgomery
    1975 - Alice Cooper received a gold record for the romantic album, "Welcome to My Nightmare." Alice's real name was Vincent Furnier. He changed his name to Alice Cooper in 1966 and was known primarily for his bizarre stage antics. He appeared in the film "Prince of Darkness" in 1987 and had 11 hits on the pop/rock charts in the '70s and '80s, including a pair of million-selling singles: "I Never Cry" and "Poison.”
    1977 - "In company with the first lady ever to qualify at Indianapolis -- Gentlemen, start your engines." So began the 1977 Indianapolis 500, and the lady in question was the American race car driver Janet Guthrie.

    1982 - Top Hits
“Ebony and Ivory” - Paul McCartney with Stevie Wonder
“Don't Talk to Strangers” - Rick Springfield
“I've Never Been to Me” - Charlene
“Just to Satisfy You” - Waylon & Willie
    1982 – Cal Ripken, Jr. began his record-breaking streak of 2,632 consecutive games played. 
    1985 - ABC-TV announced that every game of the baseball World Series would be played under the lights for the biggest baseball audience possible.
    1985 - The temperature in Oklahoma City reached a sizzling 104 degrees, making it the highest ever for so early in the season. Also, this marked the very first time the temperature had reached the 100-degree plateau in the month of May at Oklahoma City.
    1986 - Hanford, Washington hit a scorching 104 degrees, breaking the all-time record high temperature for May for Eastern Washington. Yakima, Washington hit 102 degrees, a record high for the month of May for Yakima. Records also fell at Boise and Reno.
    1988 - No. 1 Billboard Pop Hit: "One More Try," George Michael.
    1990 - Top Hits
“Vogue” - Madonna
“All I Wanna Do is Make Love to You” - Heart
“Hold On” - Wilson Phillips
“Walkin' Away” - Clint Black
    2001 - Barry Bonds hits career homer No. 522 passing Willie McCovey and Ted Williams to move up to #11 on the all-time list, and making him the number one lefty home run hitter in National League history. The round tripper is the 17th hit by the Giant outfielder in May breaking the record set by Mickey Mantle (1956) and Mark McGwire (1998).
    2002 - World Trade Center Recovery and Cleanup Ends. A solemn and mostly silent ceremony marked the symbolic end of recovery operations at Ground Zero, the former site of the World Trade Center, after the September 11, 2001 terrorist attacks. The last standing steel girder was cut down on May 28. An honor guard carried an empty stretcher draped with an American flag to represent those victims who were not recovered from the ruins. Members of the NYPD, NYPD and city, state and federal workers, as well as family members and Ground Zero recovery teams, participated in the ceremony.
    2009 - Little Richard, Chuck Berry, and B.B. King gather for a benefit concert to raise money for New Orleans public schools struggling to rebuild after Hurricane Katrina. Though too ill to perform, Katrina survivor Fats Domino attends as a special guest.
    2011 - Executing its final mission, Space Shuttle Endeavor successfully undocked from the International Space Station to return to earth.
    2013 - President Barack Obama appointed James Comey as the new director of the FBI. Comey was dismissed by President Donald Trump in May, 2017.



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





Daily Puzzle

How to play:

Refresh for current date:






See USA map, click to specific area, no commercials



Traffic Live---

Real Time Traffic Information

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




Alerts and Flags
Bank Beat
Career Crossroads-Emily Fitzpatrick/RII
Charlie Chan sayings
Computer Tips and Social Media
Credits and Collections 102
Customer Relation Management Keeps Score
Employment Web Sites
Equipment Leasing Haiku by Paul Bent
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
Spark PeopleŚLive Healthier and Longer
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
View from the Top
Why I Became a CLP

Ten Top Stories each week opened the most by readers
(click here)

“Complaints” Bulletin Board (click here)

Connect with Leasing News

Top Stories

(chronological order)

- CLFP Foundation Adds 38 Members
- Companies with 2 or More CLFP’s/Associate
- Leasing Broker in Massachusetts Sentenced
- 30th Annual ELFA National Funding Conference
- Types of Fraud
- 50th Anniversary NVLA Conference
- Shervin Rashti Leaves Maxim Commercial Capital
-The Necessity of Landlord Waivers
- Vendors’ Number One Problem, Not the Applicant
- My Personal Experience with Facebook
- Developing Strong Leaders for the Commercial
    Equipment Finance and Leasing Industry
- Will GoCapital Switch to Capital 7?
- How to Get to "Groups" in LinkedIn
- Is California Nuts? SB 1235 Set for Hearing
   Interest Rate Disclosure Commercial Loans, MCA, Capital Leasing
- Leasing is Not Dead Plus Ten Reasons to Lease Equipment
- “Do” Diligence on New Vendors
- The CLFP Foundation Adds 19 Members
- Attorney Barry Marks, CLFP
   Thoughts Upon Returning from NEFA Conference
- Advanced Execution of Acceptance Certificates
- Accounting Changes Happening this Year
- Alert: Section179.0rg:Trojan Horse or Very Clever Advertising?
- Neuman Finance Leases Space in Philadelphia
- Verhelle Forms New Company, Registering in California
Highlights Marlin Business Service's 10K
- Where is the Franchise Market Going?
- Will Your Company be the Next Victim?
    A Disturbing New Trend in Fraud
- Top Nine Leasing Company Websites in North America
- GoCapital Files Chapter 11
- California Federal Court Approves Northern Leasing
     Class Action Settlement for $5 Million
- No Surprise, Bank of the Ozarks Closing Leasing Division
- Used Equipment Takes Major Advance in 2018 Tax Laws
- GoFundMe for John McManigal Exceeds $100,000
- Direct Capital Chairman Wants Back in Leasing?
- Deborah Monosson Leasing Person of the Year 2017
- Airplane Travel Card Deadline Extended
- Section 179 Increases to $1 Million Retroactive to 9/27/2017
  Bonus Depreciation Extended through 2027
- Chairman and CEO LEAF Commercial Capital
   House up for Sale in Pennsylvania
- $50 Million Ponzi Scheme in San Jose, California
- Who Works the Most Hours Every Year?
- Deborah Monosson Leasing Person of the Year 2017
- Airplane Travel Card Deadline Extended
- Section 179 Increases to $1 Million Retroactive to 9/27/2017
   Bonus Depreciation Extended through 2027
- Lesley Farmer, KLC Finance, A Top Woman in Finance
    Selected by Finance & Commerce
- Dyer and Pelose Come Out of Retirement
- Are you an Equipment Leasing’s version of Blockbuster Video?
- Leasing News Complaints Bulletin Board BBB Ratings
- Tips for Obtaining Financing - Despite Challenged Credit
- Four Types of Interim Rent
- Is Competition Dying in the Canadian Equipment Finance Market
- Hours to Pay Monthly Mortgage in United States
- LEAF CFO Has Left the Building
- More Changes at Bank of the West
- 10 year Chief Sales Officer Leaves Marlin with over $750,000
- The Complaint Process for Leasing and Finance Associations
- Top Nine Leasing Company Websites in North America
- Ascentium Capital Class Action Suit Settled?
- Don't Fear the Unsubscribe
- Pine River to Shut $1 Billion Flagship Hedge Fund
- Alleged $11.5 Million Lease Fraud in Canada
- What's Ahead for Fleet Lessors?
- State Licensing and Usury Laws:
   An Updated Overview of a Few Troublesome States
- Shopko-Balboa Capital Summary Judgement Denied
- LEAF "All-Cash Acquisition"
- Violating California Lender’s License Law?
   This May Prevent You from Being Licensed in the Future
- New Jersey Appeals Court Vacates $1.5 Million
  Attorneys’ Fees Award in Equipment Leasing Dispute
- National Do Not Call Registrys
- Solar Financing Firms
   Working with Third Party Originators
- Referral, Recommendations, Questions, Complaints
- Filing a Complaint Against a Finance or Leasing Company
   in the State of California
- Credit Bureaus Erasing Negative Info
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- Your Photograph on
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- "The real U.S. Bank Equipment Finance story"
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- California License Web Addresses
- Settlement Costs vs. Litigation Costs