 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
Headlines---
Alert---Clarification-Amstat, Florida-Not Bob Putnam's Company
Unemployed Lament--- Finds Internet Job Search " Rude"
High-Tech Industry Sheds More than One-Half Million Jobs in 2002
Getting a Job in the Valley Is Easy, if You're Perfect-NY Times
Fitch Withdraws ORIX Financial's Senior Debt Rating
McCue Founder John McCue to ELA Board of Directors
TIP Announces Significant Equity Investment for Leases
ELA on Plans to Change Effective Date Lease Proposals
Sales Ace Tom Huber Joins Relational Funding
This Border ##### Denotes Press Release (Not Written By Leasing News)
------------------------------------------------------------------------------------------
Alert---Clarification—Amstat, Florida-Not Bob Putnam’s Company
Robert A. Putnam dba AMSTAT Capital has received a few calls today regarding our American States Leasing aka Amstat Corporation alert. We would like to assure everyone that we are in no way involved or related in any way to Amstat Corporation or American States Leasing.
Enjoy reading your news letter and we are happy you remain a watchdog for the leasing industry.
Louise Jennings
MSTAT Capital
(The “Alert” came from the National Association of Equipment Leasing Broker
Legal Counsel Barry S. Marks, Esq.:
Alert—American States Leasing—Mark Kerutt
“Vendor contacted me re: Amstat Corporation, Florida. Amstat failed to fund and then
closed after vendor took default judgment against it. Now the principal,
Mark Kerrutt of Tampa area, has opened a new shop under the name: American
states Leasing. I can't say for sure what the whole story is, but the vendor
is very angry and everyone should check American States out very carefully
before proceeding.”
Barry S. Marks
BAKER, DONELSON, BEARMAN, CALDWELL
& BERKOWITZ, a Professional Corporation
420 N 20th St., 1600 SouthTrust Tower
Birmingham, AL 35203-5202
bmarks@bakerdonelson.com
www.leaselawyer.com
205.250.8333 - fax: 205.488.3733\\
------------------------------------------------------------------------------------------------
Unemployed Lament--- Finds Internet Job Search " Rude"
“I am currently unemployed and almost four months into an Internet job search, where I had hoped to find the ultimate leasing sales job.
“ Based on my level of experience within our industry I would considered myself a veteran, but after a few weeks of sending out resumes I began to realize that regarding my job hunting skills (or lack thereof), I was nothing but a greenhorn amateur, with a whole lot to learn. I guess my mistake was staying with one company long enough to lose the job-hunting ability that I had acquired in getting that original position. I should have jumped jobs every couple of years in order to keep my skills sharp.
“It was a good thing though, that over the years I had made it a personal goal to become computer proficient. As a result I am now very comfortable at the “operating end” of a computer searching for relevant web pages, ferreting out and printing classified ads, writing cover letters, and all the other quirky sundry things associated with electronic job searching. It’s a seemingly complicated but really very easy way to seek out employment. Just prepare a resume, find a company with a need, write a cover letter and click the “send email” button on your browser…its that easy. Or is it?
“For me the intimidation begins immediately with the “no phone calls please” declaration, which is boldly displayed at the bottom of the classified ad, and it continues with the offer of a blind email address for the receipt of my resume, which more than likely was established to control those who would attempt to follow-up at a later time to “ask for the job”.
“My anxiety continues as prospective employers who lack the common business courtesy to thank me for my interest in their company, also do not acknowledge receipt of my resume and by these omissions force me to continue to “twist in the wind” in job-search agony, waiting for replies. I want to scream out that just a short email auto-response saying “Thank you for your information. Don’t call us, we’ll call you.” would suffice to relieve my suffering and allow me to pursue other avenues.
“And again my stress level increases, as I am confronted by employers who use voicemail like a shield, in order to deflect all legitimate queries from applicants. That recorded explanation of their absence, and the suggestion to “leave your phone number and a short message and I will call you back soon” is a ruse that doesn’t fool me. Only the amateur leaves a number. Veterans like me know better.
“There has been one positive that I can report. I actually received an email reply in response to one of my applications. It came with a thank you and a promise of future contact in 30 days. Of course, that was, one ignored follow-up letter, two unreturned voice mail messages and over 60 days ago. People are rude! Heck. I have been checking the obits daily, but maybe the guy died and I missed it.
“There is one particular classified ad that has been running for 4 months. According to the job requirements my qualifications are ideal. I applied the first time over 3 months ago and was never contacted or acknowledged in any way. So, every time I run across that particular ad, I take a few minutes to write a new cover letter and I re-apply for that position. I know that one of these days I am going to receive a phone call from the National Sales Mgr. who will acknowledge my unrelenting persistence and finally offer me my ultimate sales position. But, it has yet to happen. And, on the other hand, I haven’t even received a reply from their HR department saying something like “you may cease in sending us your resumes, as we have plenty!” but I suppose it could happen and at this no contact ever stage that I am going through, even something negative would be a positive.
“I am sure that HR departments are bombarded with hundreds of resumes each time they publicly indicate an available opening in their workforce. I am sure that there are unique problems that they must contend with on a daily basis. But those things should not be allowed to impact my search for employment. Lie to me and say I am being considered for the position or tell me the truth that I don’t measure up. I promise not be angry if the job goes to someone else. But whether or not you are aware of it, I have worked hard to impress you and at the very least I have earned a “thank you” for my effort. So show some class and a little bit of business etiquette and let me know you have received my personal information. With the exception of offering me the available position, it’s the least you can do!”
( name with held )
On Leasing News’ main page for classified ads, http://64.125.68.90/LeasingNews/JobPosting.htm,
we quote this e-mail from Susan Adamatis when we first started this section, which
is still appropriate today:
"I was recently let go by Old Kent Leasing in Chicago after Old Kent Financial Corporation was acquired by Fifth Third Bank. The leasing division was dissolved and all of us were out of a job.
"I can tell you that nearly all of the employees including myself found their new positions by Networking. I did not find my position through a recruiting firm, Internet, or local classifieds.
"Call your contacts at other leasing companies, brokers and even vendors. I am actually working for a vendor now managing all of the leasing and working with their sales staff.
"While I am no longer a lessor, I am still in touch with all the lessors because I now need them for funding. You would be surprised at just h many people you know in the industry when the word gets out that your business has closed.
"Our country is going though a very tough time economically and emotionally in light of the recent tragedy. Realizing that the last thing people need now is to be unemployed on top of all this, don't let it make you feel you need to drop out of society.
"There are jobs for leasing professionals out there, they just may not be with a leasing company.
"Hang in there."
up-date
"I have since moved on to another company as of March 2002. Again, I acquired this position through networking. I presently work for a machine tool finance company that I worked closely with at Old Kent Leasing and this opportunity has worked out great !
"So for anyone who is looking for a position in this industry the key is networking, networking, networking."
Susan M. Adamatis
Here are other web sites, some you must pay, and some are free:
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
|
Is seeking Account Executives ready to roll up their sleeves in establishing strategic financing alliances with select vendors and manufactures in healthcare, industrial and technology market place segments. Proven track record of success in equipment financing a must. Specific industry and collateral experience is a plus. Hiring now in major markets throughout the country. Email your resume to eokeeffe@ifccredit.com About the Company: IFC Credit Corporation is a fast growing, national equipment finance company providing a broad range of financing solutions to small business and middle-market clients. IFC offers equipment financing and leasing, customer finance programs for equipment vendors, and venture leasing services to emerging growth companies. The company is headquartered in the Chicago suburb of Morton Grove, Illinois. |
[Headlines]
--------------------------------------------------------------------------
Please send to a colleague as we are trying to build our readership.
#### Press Release ###########################
High-Tech Industry Sheds More than One-Half Million Jobs in 2002, AeA Report Says
However, Decline in 2003 Has Slowed Dramatically
WASHINGTON, DC,– A study released today by AeA shows that in 2002 the U.S. high-tech industry lost 540,000 jobs, dropping from 6.5 million to 6.0 million. A preliminary look at data for 2003 shows that the decline in high-tech employment slowed considerably in 2003. The report, AeA’s annual Cyberstates 2003: A State-by-State Overview of the High-Technology Industry, details national and state trends in high-tech employment, wages, exports, and other economic indicators.
The sector with the largest decrease in jobs was electronics manufacturing, accounting for more than half of all tech jobs lost between 2001 and 2002. For the first time in the seven years of publishing Cyberstates, the software sector recorded a loss of nearly 150,000 jobs last year. Indeed, the once-thriving software sector posted large increases in employment in all previous editions of Cyberstates. The communications services sector posted a similar loss of jobs. The engineering and tech services sector lost 15,000 jobs in 2002. The one bright spot was in R&D and testing labs, where employment increased by 7,000 in 2002.
"While high-tech employment fell by eight percent last year, preliminary 2003 data show a significant slowdown in high-tech job losses, with a decline of four percent,"said AeA’s President and CEO William T. Archey. "We project that the 2003 high-tech job losses will total 234,000--down 57 percent from the 540,000 decline in 2002."
Archey further stated, "However, these declines have caused us to pause about two important issues. We are aware of current budget constraints, but now is not the time to cut back on education, particularly in math and science. We need a world class workforce to deal with world class challenges. Our second concern is the decline in basic research, particularly in technology, by the federal government. We worry that we have eaten the seed corn of federal research of 20 and 30 years ago that is not being replenished."
For the first time, Cyberstates 2003 is based on the newly implemented North American Industry Classification System (NAICS). AeA selected 49 NAICS codes to define the high-tech industry. They fall into four broad categories: electronics manufacturing, communications services, software, and engineering and tech services. This more current and comprehensive system allows us to capture several sectors which we could not with the previous system. These include fiber optic cable manufacturers, semiconductor machinery manufacturers, and web search portals.
This new industry classification system is fundamentally different from the old Standard Industrial Classification (SIC) system. Every sector of the economy has been restructured and redefined by the NAICS. Consequently, the data presented in this report are not comparable in any way to previous editions of Cyberstates. In this edition, however, 2001, 2002, and 2003 data use the NAICS system and are therefore comparable.
Cyberstates 2003 found that all but three states lost high-tech jobs in 2002. California lost the greatest number of tech jobs, shedding some 123,000 jobs. Texas was second with tech jobs down by 61,000 jobs. Interestingly, the District of Columbia, Wyoming, and Montana were the only three cyberstates to add technology jobs between 2001 and 2002.
This seventh annual edition of Cyberstates provides a comprehensive review of the high- tech industry nationally and by state of high-tech employment, wages, payroll, establishments, and exports. Cyberstates also offers data on venture capital investments, R&D expenditures, and home computer and Internet use.
Cyberstates 2003 Key Facts
U.S. Tech Employment Fell Significantly in 2002
U.S. high-tech employment totaled 6.0 million in 2002, down 8 percent from 6.5 million in 2001
Preliminary 2003 data show that high tech will lose 234,000 jobs, a 4 percent decline
High-tech manufacturing industry employment fell by 13 percent, losing 233,000 jobs between 2001 and 2002
The biggest 2001-2002 manufacturing job losses were recorded in electronic components (-76,000), communications equipment (-47,000), and semiconductors (-41,000)
The communications services and software sectors each shed 146,000 jobs from their payrolls
Engineering and tech services dropped by 15,000 jobs
R&D and testing labs added 7,000 jobs in 2002
All But Three Cyberstates Lost Tech Jobs in 2002
California (995,000), Texas (479,000), New York (330,000), Florida (271,000), and Massachusetts (256,000) led the nation in high-tech employment
California (-123,000), Texas (-61,000), Massachusetts (-40,000), New Jersey (-29,000), and New York (-28,000) lost the greatest number of tech jobs in 2002
California's high-technology industry lost 123,000 jobs between 2001 and 2002, according to Cyberstates 2003: A State-by-State Overview of the High- Technology Industry, a new analytical report released today by AeA. Cyberstates 2003 shows that California's tech industry dropped by 11 percent in 2002 to 995,000 workers.
"The latest Cyberstates data clearly show that California's high-tech industry was hit hard last year by the economic slowdown," said Oli Thordarson, president/CEO Alvaka Networks, and chairman of the AeA Orange County Council. "We are hopeful that the resiliency of our industry will prevail and that high-tech employment will begin to grow again in the near future."
Cyberstates 2003 also examines tech exports and venture capital investments. California exported $44 billion worth of high-tech goods in 2002, compared to $56 billion in 2001, a 21 percent drop. Similarly, venture capital investments in California dropped by 43 percent, falling from $16 billion in 2001 to $9 billion in 2002.
The District of Columbia (+2,200), Wyoming (+500), and Montana (+100) were the only three cyberstates to add tech jobs between 2001 and 2002
Colorado led the nation in concentration of high-tech workers in 2002, with 98 high-tech workers per 1,000 private sector workers, followed by Massachusetts, Virginia, New Mexico, and Maryland
U.S. Tech Exports and Venture Capital Expenditures Fell in 2002
U.S. high-tech exports fell 12 percent to $166 billion in 2002, from $188 billion in 2001
High-tech exports represented 24 percent of all U.S. exports in 2002
High-tech exports dropped between 2001 and 2002 in every industry segment, except in electromedical equipment manufacturing
U.S. high-tech venture capital investments totaled $13 billion in 2002, dropping 52 percent from the $27 billion in 2001
Cyberstates 2003 is available to AeA members for $95 and to non-members for $190. Contact AeA at 800.284.4232 or 408.987.4200, or www.aeanet.org. Cyberstates 2003 is part of AeA’s cyber report series which includes Cybernation 2.0, CyberEducation 2002, and Cybercities.
AeA is the nation's largest high-tech trade association. Founded in 1943, AeA utilizes an extensive international network of offices to serve its members though advocacy, training, research and business services. www.aeanet.org
### Press Release #############################
Getting a Job in the Valley Is Easy, if You're Perfect—NY Times
http://www.nytimes.com/2003/11/19/technology/19techjobs.html?hp
#### Press Release ##########################
Fitch Withdraws ORIX Financial's Senior Debt Rating
Fitch Ratings-New York Fitch Ratings withdraws the 'BBB' senior debt rating for ORIX Financial Services, Inc. (OFS). OFS' remaining $1 million of rated debt matures on Nov. 24, 2003. It is expected that the company's future funding needs will be met through cash down streamed from its parent, ORIX Corp. in the future. Fitch will no longer provide analytical services for this issuer.
Contact: Philip S. Walker, Jr., CFA +1-212-908-0624, New York.
### Press Release #########################
McCue Systems Announces Election of CEO John McCue to ELA Board of Directors
BURLINGAME, CA, -- McCue Systems Inc. of Burlingame,
California announces that CEO and founder John McCue has been elected to the
Board of Directors of the Equipment Leasing Association. Having served as
the Chair of the ELA's Service Providers Business Counsel, Mr. McCue will
now play a key role in representing the views of the service providers' and
business solutions providers' communities within the ELA.
"I am honored to have been elected to the Board of the ELA by my peers in
the equipment leasing industry," states Mr. McCue, "and I look forward to
contributing to the continued success and effectiveness of the leasing
industry's largest and most influential organization."
Mr. McCue adds, "With over 30 years in this industry, I want nothing more
than to help build the success of all its members. This opportunity to serve
on the Board of the ELA is just one part of the deep commitment we at McCue
Systems have to the equipment leasing business and to the ELA."
While continuing to serve as a member of the ELA's Service Providers
Business Counsel, Mr. McCue is also a member of the organization's Industry
Future Counsel and the Business Technology Solutions Committee. Mr. McCue is
also a contributor to the ELA's annual State of the Industry Report and is a
regular participant in its Capital Hill Day program. Mr. McCue is a former
member of the ELA's Corporate Affairs Council.
Mr. McCue holds a B.S. in Corporate Finance from the University of Southern
California and the M.B.A. from U.C. Berkeley. He holds the professional
designation in Information Processing from UCLA and has completed advanced
studies at Stanford University in both Economics and in the management of
technology enterprises.
About McCue Systems Inc.
With over 30 years' experience in developing business solutions for the
equipment leasing industry, McCue Systems Inc. is the leading provider of
lease/ loan portfolio management software for banks, leasing companies, and
manufacturers. Its flagship product, LeasePak, streamlines lease/loan
administration and asset management by accurately tracking leases, loans,
and equipment throughout the leasing lifecycle.
Leveraging the relational database systems from Oracle and Sybase, LeasePak
provides a strategic management and lease/loan portfolio accounting,
documentation, and asset management solution.
With its unequalled power to deliver strategic information, LeasePak
provides managers with the tools to transform portfolio data into business
intelligence, giving them the decision support they need to strengthen
customer relationships, measure performance, and assess strategy throughout
the enterprise.
McCue Systems offers LeasePak Bronze, Silver, and Gold Editions for systems
and portfolios of virtually all sizes and complexities. LeasePak can be
configured to run on the HP-UX, SUN/Solaris, and Linux platforms.
The leasing experts at McCue Systems work closely with lessors to improve
their lease operations and enhance customer retention at every stage of the
lease lifecycle.
See www.mccue.com for more information about LeasePak and McCue Systems'
consulting and technology services.
Contact info@mccue.com or phone 888-730-2527.
### Press Release ########################
TIP Announces Significant Equity Investment for Leases
Auburn Hills, MI - Technology Investors Partners LLC (TIP), a technology equipment finance and asset management company based in Auburn Hills, MI, announced the receipt of a major equity investment in the company. In connection with the investment, TIP also announced the appointment of new officers.
Patrick Callahan, President of TIP, announced today that TIP has received a significant equity investment from institutional investors. Mr. Callahan explained, “This is the right time in the capital spending cycle to accelerate the growth of our leasing operations. The capital infusion allows TIP to grow its lease portfolio as well as actively pursue acquisitions of existing lease portfolios. Additionally, part of the capital infusion will be utilized to support the expansion of the marketing team throughout the U.S. and Canada.”
In conjunction with the capital investment, TIP named Mr. Edward Cherney as Chairman of TIP. This appointment reunites Mr. Callahan and Mr. Cherney. Over the past 25 years Mr. Cherney and Mr. Callahan have been members of the senior management team of C.M.I., Encore and AT&T Systems Leasing, all of which under their leadership grew into industry leaders in the U.S. equipment leasing market. “The fundamentals of leasing have not changed over the past 25 years,” says Cherney. “The majority of our customers are Fortune 1000 companies which utilize leasing as an effective financial and operations management tool.” In addition to the appointment of Mr. Cherney, TIP announced the appointment of Mr. John Azzopardi as its Chief Financial Officer. They join a TIP management team with an average of 17 years of experience in the industry.
About Technology Investment Partners
Technology Investment Partners ("TIP") is an industry leader in the high technology asset management arena. TIP's management team, which averages over 17 years of industry experience, provides proactive asset management and leasing services for information technology (IT) and technology related products to its client base in the U.S. and Canada. These services include equipment rental and finance, portfolio management services, equipment remarketing programs, and development of market entrance and exit strategies.
To learn more about TIP please visit: www.tipartners.com
### Press Release ########################
Equipment Leasing Association Responds to Sen. Grassley’s Plans to Change the Effective Date on Lease Proposals
—Arlington, Virginia— The announcement from Senator Charles Grassley that he intends to make November 18, 2003 the effective date for a provision [Limitation of tax benefits for leases to certain tax exempt entities (sec. 476 of the bill and new sec. 470 of the Code)] in S 1637 – the “Jumpstart Our Business Strength (JOBS) Act of 2003” strikes a blow at transportation and public service projects in over twenty states and cities, potentially disrupting the stated intention of the act.
“Unfortunately, the announcement throws into chaos billions of dollars of private sector financings currently being planned by public entities that are strapped for capital,” according to Michael Fleming, President of The Equipment Leasing Association of America. “This chaos has been created without full congressional policy consideration of how public service entities needs for capital can be met.”
Specifically, Senator Grassley characterizes transactions widely used by tax exempt entities with major financial institutions with words such as “. . . schemes . . . fraud . . . trickery . . . and abuse . . .” In point of fact, tax exempt entity lease transactions are based upon well-recognized legal principles. They are engaged in by numerous major and respected financial institutions and many tax exempt entities involved in public safety, transportation, healthcare and other public services. Planned projects in over twenty states, cities, transit authorities and water authorities are jeopardized by this announcement.
In a letter to DOT Secretary Norman Mineta asking assistance from the Department in shutting down transportation transactions, Senator Grassley states that the Treasury Department had classified currently used transactions as abusive tax shelters. However, we are concerned that the Senator’s statement could be misleading. The Treasury had previously disallowed certain transactions which are no longer used, while current transaction structures have not been so classified.
Tax Exempt entity leasing transactions result in lessees conveying to lessors real interests in the leased assets and undertaking real obligations, the breach of which can result in loss of the asset and monetary damages. Lessors make significant cash investments and expect a cash return on that investment. Like all other U.S. taxpayers that invest in and own assets, they are entitled to certain tax incentives which comprise only a part of the Lessor’s economic return.
Leases to tax exempt entities provide an alternative source of private sector financing or refinancing that allows the acquisition of new or replacement property, major refurbishing or the monetization of value in currently owned assets. These transactions provide tax exempt lessees private sector financing for critical assets.
About The Equipment Leasing Association
Organized in 1961, the Equipment Leasing Association (ELA) is a non-profit association representing companies involved in the dynamic equipment leasing and finance industry. ELA's mission is to promote the leasing industry as a major source of funds for capital investment in the United States and abroad. ELA maintains an informational portal for financial decision-makers to learn more about leasing and find a leasing company at http://www.LeaseAssistant.org. Headquartered in Arlington, Va., ELA has more than 800 member companies and a staff of 25 professionals. Equipment leasing was reported to be a $208 billion industry in 2003. Visit ELA online at http://www.ELAOnline.com.
### Press Release #####################
Sales Ace Tom Huber Joins Relational Funding Corp.; Top Regional Performer Brings 22-Year Record of Unparalleled Sales Growth and Profit to RFC
ROLLING MEADOWS, Ill.--- Seasoned sales executive will help Midwest companies acquire, finance and manage technology equipment more effectively throughout the life of the assets
Relational Funding Corporation (RFC) -- one of the nation's largest independent technology supply and finance organizations -- has appointed Tom Huber as the company's National Account Manager for the Midwest Region. Huber, who posted a 15-year string of performance honors at the multibillion-dollar tech services firm Comdisco, will apply his 22 years of sales success to helping RFC fortify and expand its business stronghold in the Midwestern United States.
"Tom Huber's proven, tested sales capabilities will continue the spread of our value proposition to senior executives across the Midwest," said Dan Flagstad, co-CEO of RFC. "RFC's services are more comprehensive than those of a technology leasing company, hardware reseller, or even manufacturer."
"We combine financing options with vendor-neutral technology hardware and finance consultation, streamlining the acquisition process for our customers. By then layering on proactive IT portfolio management, we help clients maximize the value and utility of their IT hardware," Flagstad added.
Before joining RFC, Huber was the senior sales executive for Comdisco's Midwest region. His career there began in 1981 and was marked by 15 consecutive years of high performance honors, including 12 "Top Performer" awards and three designations as "Sales Person of the Year." During the '90s, Huber managed Comdisco's largest region, with six districts and 52 sales people. During that time, he hired, trained and grew the sales organization by 95 percent.
About Relational Funding Corp.
Rolling Meadows, Illinois-based Relational Funding Corporation (RFC) is one of the nation's largest independent technology supply and finance organizations. Founded in 1990, the company now manages more than 15,000 individual lease schedules covering $1.5 billion in equipment. As an independent, RFC provides unbiased third party advice on technology hardware for telecommunications, computing, Internet, intranet, networking, data storage, and eBusiness. Clients served by the company's 320 financial and technical experts include General Electric, Johnson Controls Inc., and Ford. For more information, contact RFC at: 3701 Algonquin Road, Suite 600, Rolling Meadows, Illinois 60008; Phone 847-818-1700; Fax 847-818-1711; info@relationalfunding.com; www.relationalfunding.com.
CONTACT:Relational Funding Corporation (RFC) Jayne Hollerbaugh, 847-818-1700 jhollerbaugh@relationalfunding.com or Tech Image, Ltd. (for RFC) Bob Dirkes, 847-632-0040 x237 bob.dirkes@techimage.com
SOURCE: Relational Funding Corporation
### Press Release #######################
-------------------------------------------------------------------
HTML: $59.95 yr --- Free 30 Day Trial
http://www.leasingnews.org/contact_us_news.htm
The text edition “goes to press” from 2:00am to 3:00am, California time.
It is also available in an "up-grade" format, html, where you may
click on the headlines to go to the story, plus is also in this "new" format
posted daily on our website--- http://www.leasingnews.org/contact_us_news.htm
This addition, and the website, are posted from 8:00am to 9:00am, California time.
If you have not had a prior trial, get 30 days for free and then see if you want to keep the HTML version. Classified ads and subscriptions help support the operation of Leasing
News.
Leasing Industry Help Wanted
|
Is seeking Account Executives ready to roll up their sleeves in establishing strategic financing alliances with select vendors and manufactures in healthcare, industrial and technology market place segments. Proven track record of success in equipment financing a must. Specific industry and collateral experience is a plus. Hiring now in major markets throughout the country. Email your resume to eokeeffe@ifccredit.com About the Company: IFC Credit Corporation is a fast growing, national equipment finance company providing a broad range of financing solutions to small business and middle-market clients. IFC offers equipment financing and leasing, customer finance programs for equipment vendors, and venture leasing services to emerging growth companies. The company is headquartered in the Chicago suburb of Morton Grove, Illinois. |
|
|
 Seeks experienced small ticket B2B leasing sales professionals in the western U.S. Very generous commission sharing with salary draw and benefits. Resumes mworxphx@yahoo.com |
|
|
|
Sales:
Established, reputable, lessor seeking a successful, ethical,
small ticket sales professional to establish telecom dealer relationship
in our East Territory. |
 Stable funding source seeks experienced leasing representative; book of business required; remote office capability; send resume to jobs@balboacapital.com and reference leasingnews in subject line. |
|
|
--------------------------------------------------------------------------------------------------------
News Briefs---
Consumer
Prices Unchanged in October
http://www.boston.com/business/articles/2003/11/18/consumer_
prices_unchanged_in_october/
Reorganized Conseco Posts Profit
http://www.washingtonpost.com/wp-dyn/articles/A60135-2003Nov19.html
G.E., Seeking to Spur Growth, Will Sell Many Insurance Assets
http://www.nytimes.com/2003/11/19/business/19electric.html
Tyco Case:"Ms. Prue never told me about specific real estate loans"
http://www.nytimes.com/2003/11/19/business/19tyco.html
Dollar
falls to fresh low against euro
http://news.ft.com/servlet/ContentServer?pagename=FT.com/
StoryFT/FullStory&c=StoryFT&cid=1069131973719&p=1012571727088
Banks propose new European mortgage agency
http://www.absnet.net/include/showfreearticle.asp?file=/headlines/.htm
How the Death of a President Led to the Birth of a Medium
http://www.nytimes.com/2003/11/19/arts/television/19WATC.html
-------------------------------------------------------------------------------------------------------
Sports Briefs
New England signs J.J. Stokes
http://www.theredzone.org/news/showarticle.asp?ArticleID=622
Bucs deactivate Keyshawn for rest of season
http://www.nytimes.com/2003/11/19/sports/football/19KEYS.html
With Testimony Looming, Bonds Wins Sixth M.V.P.
http://www.nytimes.com/2003/11/19/sports/baseball/19BOND.html
Wilkins
is on top of game
http://www.stltoday.com/stltoday/sports/stories.nsf/Sports/Rams
/6DD7F72A23961BB486256DE3001E5D75?OpenDocument&Headline
=Wilkins+is+on+top+of+game
AROUND AND ABOUT: The 49ers thanked Ronnie Lott officially Monday by retiring his No. 42 jersey. Unofficially, the Hall of Famer did his celebrating the night before at a dinner at A.P. Stump's with former coaches and teammates (Bill Walsh, George Seifert, Mike Wilson, Keena Turner, Dwight Hicks, among others). And even Eddie D. A tribute well deserved.
Leigh Weimers
http://www.bayarea.com/mld/mercurynews/news/columnists
/leigh_weimers/7292166.htm
Niners team president Harris won't return
http://www.bayarea.com/images/common/spacer.gif
---------------------------------------------------------------------------------------
California Nuts
Schwarzenegger
won't accept state salary
http://www.bayarea.com/mld/mercurynews/news/special_packages/recall/7293447.htm
New governor to propose $15 billion bond measure
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/18/MNGP134KJ3.DTL
Not everyone came to gala to celebrate/Protesters decry governor's alleged abuse of women
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2003/11/18/MNGP134KJ11.DTL
Schwarzenegger's vow: 'Miracle of Sacramento'
Governor keeps pledge to roll back vehicle fee
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2003/11/18/MNG3Q34KD71.DTL
-----------------------------------------------------------------------------------
"Gimme that Wine"
Do Riedel glasses really improve the wine experience?
http://www.wine-pages.com/cgi-bin/wp_poll.cgi
(When I checked the poll, 79% said "yes" with
49% of the number saying, "greatly."
Visitors make tracks along Madera Wine Trail
http://www.maderatribune.com/news/newsview.asp?c=82871
Warning
to red wine drinkers
http://www.lynnnews.co.uk/ViewArticle2.aspx?SectionID=991&ArticleID=693006
Reclaiming the wine cellar (Like a Restaurant Cold Box)
http://www.washtimes.com/metro/20031118-101035-4948r.htm
Only in Los Gatos, CA French Cellar Open for Daily Tasting
http://www.vino.com/press/press_release.asp?PRID=242
________________________________________________________________________
This Day in American History
1493- Columbus discovered Puerto Rico on his second voyage to the New World. He never set foot on the mainland of what today is the United States. He was a major slave trader of the times, committing genocide, bringing tobacco to addict Europe ( a crop unknown before its discovery in the New World.) Contrary to published reports, the world was known to the general population to be round,
there was a easy sail at the time of the year to the Bahama’s, and he died a rich
man from all the “commissions” he received from the many voyages to plunder
the islands he discovered. (see two books by James W. Loewen, “The Truth about Columbus,” and “ Lies, May Teach Told Me.”)
1752-Birthday of George Rogers Clark, American soldier and frontiersman, born at Albermarie County, VA. Died at Louisville, KY, Feb. 13, 1818.
1831-birthday of James Garfield, Twentieth president of the US (and the first left-handed president) was born at Orange, OH. Term of office: Mar 4—Sept 19, 1881. While walking into the Washington, DC, railway station on the morning of July 2, 1881, Garfield was shot by disappointed office seeker Charles J. Guiteau. He survived, in very weak condition, until Sept 19, 1881, when he succumbed to
blood poisoning at Elberon, NJ (where he had been taken for recuperation). Guiteau was tried, convicted and hanged at the jail at Washington, June 30, 1882.
1847- Mary Anna Hallock Foote illustrated and wrote of life in mining towns and California.
. http://askart.com/Biography.asp
http://members.tripod.com/~ntgen/bw/ha_notable.html#Mary
1862- birthday of evangelist Billy Sunday. A little known fact, Sunday was a major league outfielder in the 1880s before leaving the game to became an evangelist. Died at Chicago, IL, Nov 6, 1935.
1863—Seventeen acres of the battlefield at Gettysburg, PA, were dedicated as a national cemetery. Noted orator Edward Everett spoke for two hours; the address that Lincoln delivered in less than two minutes was later recognized as one of the most eloquent of the English language. Five manuscript copies in Lincoln’s hand survive, including the rough draft begun in ink at the executive Mansion at Washington and concluded in pencil at Gettysburg on the morning of the dedication (kept at the Library of Congress). http://memory.loc.gov/ammem/today/nov19.html
1868- Testing the wording of the 14th Amendment that says “no State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States,” 172 New Jersey suffragists, including four black women, attempted to vote in the presidential election. Denied, they cast their votes instead into a women’s ballot box overseen by 84-year-old Quaker Margaret Pryer
1874- William Marcy "Boss" Tweed, of Tammany Hall (NYC) convicted of defrauding the city of $12M, sentenced to 12 years' imprisonment: convicted of 204 counts of fraud. Estimates of sum Tweed swindled from City Treasury range up to $200 million.
http://7-12educators.about.com/blabosstweed.htm
http://www.cmsu.edu/cj/boss.htm
1874-Developed out of the Women’s Temperance Crusade of 1873, the Women’s Christian Temperance Union was organized at Cleveland, OH. The Crusade had swept through 23 states with women going into saloons to sing hymns, pray and ask saloonkeepers to stop selling liquor. Today the temperance group, headquartered at Evanston, IL, includes more than a million members with chapters in 72 countries and continues to be concerned with educating people on the potential dangers of the use of alcohol, narcotics and tobacco.
1883 -- The United States Uniform Time Zone Plan (4 zones of 15 degrees) is put into operation: modern capitalism asserts total control of the social through the development of mass communications and transportation .
"Despite all the good scientific and military arguments for world time, it was the railroad companies and not the government that were the first to institute it. Around 1870, if a traveler from Washington to San Francisco set his watch in every town he passed through, he would set it over two hundred times"
--- Stephen Kern, The Culture Of Time & Space.
1885- Birthday of Haldor Lillenas, American hymn writer. He penned nearly 4,000 Gospel texts and hymn tunes during his lifetime, including "It Is Glory Just to Walk With Him," Wonderful Grace of Jesus" and "Peace, Peace, Wonderful Peace."
1905-Birthday of trombone player/band leader Tommy Dorsey Birthday
http://www.redhotjazz.com/tommy.html
http://www.tommydorseyorchestra.org/
1908-birthday of trombone player Keg Johnson, Dallas, TX
http://www.artistdirect.com/music/artist/bio/0,,449858,00.html?artist=Keg+Johnson
http://shopping.yahoo.com/shop?d=product&id=1927073314&clink=dmmu.artist&a=b
1915 -- IWW labor organizer, folk-poet Joe Hill murdered by firing squad in Utah. The subject of numerous songs, plays, & books. Some of his songs have been available continuously in the IWW's "Little Red Song Book," now in its 36th edition. Hill was convicted of killing a grocer & his son, even though the bullets were not from Hill's revolver & no one identified him as the murderer. His last words:
"Don't
mourn, organize!"
Poet Alfred Hays wrote a ballad in Hill's memory:
"I
dreamed I saw Joe Hill last night,
Alive as you and me.
Says I, 'But Joe you're ten years dead,'
'I
never died,' says he."
Labor organizer for the radical Industrial Workers of the World (IWW)
& writer of union songs, Hill became a martyr upon his execution.
Efforts by President Woodrow Wilson, the government of Sweden, & many
prominent Americans to get him a new trial had failed. Utah Phillips has
recorded Joe Hill's songs, some downloadable at, http://hillstrom.iww.org/music/Utah_Phillips/
See: Smith, Gibbs M., Labor Martyr: Joe Hill (1972). (Grolier Electronic
Publishing, Inc., 1995 Encyclopedia) Only hours before facing the firing
squad labor organizer Joe Hill composed his "Last Will":
My will is easy to decide,
For there is nothing to divide.
My kin don't need to fuss & moan
Moss does not cling to a rolling stone.
My body - Oh! - if I could choose,
I would to ashes it reduce,
& let the merry breezes blow
My dust to where some flowers grow.
Perhaps some fading flower then
Would come to life & bloom again.
This is my Last & Final Will.
Good luck to all of you,
— Joe Hill
http://hillstrom.iww.org/joehill.html
http://www.pbs.org/joehill/story/
1921- birthday of Roy Campanella, one of the first black major leaguers and a star of one of baseball’s greatest teams, the Brooklyn Dodgers’ “Boys of Summer,” was born at Philadelphia, PA. Campy, as he was often called, was named the National League MVP three times in his 10 years of play, in 1951,1953 and 1955. Campanella had his highest batting average in 1951 (.325) and in 1953 he established three single-season records for a catcher— most putouts (807), most home runs (41) and most runs batted in (142)—as well as having a batting average of .312. His career was cut short on Jan 28, 1958, when an automobile accident left him paralyzed. Campy gained even more fame after his accident as an inspiration and spokesman for the handicapped. He was named to the Baseball Hall of Fame in 1969. Roy Campanella died June 26, 1993, at Woodland Hills, CA.
1934- Chick Webb Band records “Blue Lou,” “ Don’t Be that Way.”
1943- Stan Kenton records his them “Artistry in Rhythm” Capital 159
http://www.amazon.com/exec/obidos/ASIN/0686721454/inktomi-
bkasin-20/ref%3Dnosim/104-3191958-8595946
http://www.artistdirect.com/store/artist/album/0,,113753,00.html
1944-Looking for ways to fund World War II, President Franklin D. Roosevelt announced the 6th War Loan Drive on this day. The Loan Drive flooded the market with war bonds intended to meet Roosevelt's goals of "immediately" raising $14 billion for the war.
1950---Top
Hits
Harbor Lights - The Sammy Kaye Orchestra (vocal: Tony Alamo)
Goodnight Irene - The Weavers
Thinking of You - Don Cherry
I’m Moving On - Hank Snow
1954- At the Union Toll Plaza on New Jersey’s Garden State Parkway motorists dropped 25 cents into a wire mesh hopper and a green light would flash. This was the first automatic toll machine. If they didn’t drop the money in, an alarm sounded. A machine that could provide correct change went into operation at the extreme right lane of each direction of traffic. The first modern toll road was the Pennsylvania Turnpike which opened in 1940. On the West Coast, most highways
are “free,” thus the word, “freeway.”
1954 - Sammy Davis, Jr. was involved in a serious auto accident in San Bernardino, CA. Three days later, Davis lost the sight in his left eye. He later referred to the accident as the turning point of his career.
1958—Top
Hits
Tom Dooley - The Kingston Trio
Topsy II - Cozy Cole
Beep Beep - The Playmates
City Lights - Ray Price
1959 - The last Edsel rolled off the assembly line. Ford Motor Company stopped production of the big flop after two years and a total of 110,847 cars.
1959-”Rocky and his Friends” premiered on TV.. This popular cartoon featured the adventures of a talking squirrel, Rocky (Rocket J. Squirrel), and his friend Bullwinkle, a flaky moose. The tongue-in-cheek dialogue contrasted with the simple plots in which Rocky and Bull-winkle tangled with Russian bad guys Boris Badenov and Natasha (who worked for Mr. Big). Other popular segments on the show included “Fractured Fairy Tales,” “Bullwinkle’s Corner” and the adventures of Sherman and Mr. Peabody (an intelligent talking dog). In 1961 the show was renamed “The Bullwinkle Show,” but the cast of characters remained the same.
http://timvp.com/bullwink.html
1961 - A year after Chubby Checker reached the #1 spot with "The Twist", the singer appeared on "The Ed Sullivan Show" to sing the song again. "The Twist" became the first record to reach #1 a second time around.
1962- Jodie Foster, film actor, director, and producer. Multi- Academy Award winner for her acting performances in Cry of the Lambs and Accused. Jodie was the youngest of four children raised by her mother Brandy, an art dealer and publicist. Jodie's father deserted the family before Jodie was born.
http://www.tcp.com/~mary/foster.pfhtml
http://us.imdb.com/name/nm0000149/bio
1965 -- Pop Tarts pastries created.
http://www.kelloggs.com/products/poptarts.html
http://www.pmichaud.com/toast/
1966-- in one of the more famous college football match-ups between teams ranked No. 1 and No. 2, top-ranked Notre Dame tied second-ranked Michigan State, 10-10.
1966—Top
Hits
You Keep Me Hangin’ On - The Supremes
Good Vibrations - The Beach Boys
Winchester Cathedral - The New Vaudeville Band
I Get the Fever - Bill Anderson
1966 - Six weeks before his 31st birthday, LA Dodgers pitcher Sandy Koufax, plagued by arthritis, announced his retirement from baseball. Koufax compiled a 12-season record of 165 wins, 87 losses and 2,396 strikeouts.
1967-For action this date, Chaplain (Major) Charles Watters of the 173rd Airborne Brigade is awarded the Medal of Honor. Chaplain Watters was serving with the 2nd Battalion, 503rd Infantry when it conducted an attack against North Vietnamese forces entrenched on Hill 875 during the Battle of Dak To. The Catholic priest from New Jersey moved among the paratroopers during the intense fighting, giving encouragement and first aid to the wounded. At least six times he left the defensive perimeter with total disregard regard for his own personal safety to retrieve casualties and take them for medical attention. Once he was satisfied that all of the wounded were inside the perimeter, he busied himself helping the medics, applying bandages, and providing spiritual strength and support. According to reports filed by survivors of the battle, Father Watters was on his knees giving last rites to a dying soldier when an American bomber accidentally dropped a 500-pound bomb onto the group of paratroopers. Father Watters was killed instantly. He was awarded a posthumous Medal of Honor on November 4, 1969, in a ceremony at the White House.
1969-Astronauts to retrieve a manmade object from the moon were Commanders Charles Conrad, Jr. ,mission leader and Alan La Vern Bean, lunar landing module pilot, who recovered a piece of the unmanned spacecraft “Surveyor 3,” which had landed on the Ocean of Storms of the Moon on April 19,1967. They were two of the three astronauts on Apollo 12, 2hich was launched by a Saturn 5 rocket from Cape Canaveral, FL, at 11:22am on November 14, 1969. While Commander Richard Francis Gorden, Jr. remained in orbits to pilot the command module, Conrad and Bean descended to the moon’s surface in the lunar module “Intrepid” and remained there for one day, the second time, that human beings landed on the moon. Splashdown took play November 24, 1969, 400 miles from Samoa, after a flight of 244 hours, 36 minutes, 25 seconds.
1974—Top
Hits
Whatever Gets You Thru the Night - John Lennon with The Plastic Ono Nuclear
Band
Do It (’Til You’re Satisfied) - B.T. Express
My Melody of Love - Bobby Vinton
Country Is - Tom T. Hall
1978, Indiana-born, 47-year-old Reverend Jim Jones, leader of the “Peoples Temple,” was reported to have directed the suicides of more than 911 persons at Jonestown, Guyana. US Representative Leo J. Ryan, of California, and four members of his party were killed in ambush at Port Kaituma airstrip on Nov 18, 1978, when they attempted to leave after an investigative visit to the remote jungle location of the religious cult. This day, Jones and his mistress killed themselves after watching the administration of Kool-Aid laced with the deadly poison cyanide to members of the cult. At least 913 persons died in the biggest murder-suicide in history.
1979- pitcher Nolan Ryan became the first baseball free agent to sign a contract for a salary of one million dollars per year. Ryan moved from the California Angels to the Houston Astros.
1980 -CBS TV bans Calvin Klein's jeans ad featuring Brooke Shields
1982---Top
Hits
Up Where We Belong - Joe Cocker & Jennifer Warnes
Truly - Lionel Richie
Heart Attack - Olivia Newton-John
Heartbroke - Ricky Skaggs
. 1984 - 20-year-old Dwight Gooden of the New York Mets became the youngest major-league pitcher to be named Rookie of the Year in the National League. The Mets pitcher led the majors with 276 strikeouts.
1986 - Philadelphia’s Mike Schmidt became only the third player in National League history to win the Most Valuable Player award three times. Roy Campanella of the Dodgers and Stan Musial of the Cardinals also won three National League MVP honors.
1990- A summit was held at Paris with the leaders of the Conference on Security and Cooperation in Europe (CSCE). The highlight of the summit was the signing of a treaty to dramatically reduce conventional weapons in Europe, thereby ending the Cold War.
1990—Top
Hits
Love Takes Time - Mariah Carey
Pray - M.C. Hammer
More Than Words Can Say - Alias
You Really Had Me Going - Holly Dunn
1993- Alan Giarettino proposed marriage to Christy Stubblefield while she rode around the ice rink on the Zamboni during the intermission of an East Coast Hockey League game in Huntington, WV. Stubblefield thought she had earned the ride by winning a contest. In truth, Giarettino had arranged the contest so that he could walk onto the ice during the ride, hand her a bouquet and drop to one knee.
She said, “yes.”
1994 - Nirvana’s album, "MTV Unplugged in New York", was number one in the U.S. for the week. The album featured these tracks: "About a Girl", "Come as You Are", "Jesus Doesn’t Want Me for a Sunbeam", "The Man Who Sold the World", "Pennyroyal Tea", "Dumb", "Polly", "On a Plain", "Something in the Way", "Plateau", "Oh, Me", "Lake of Fire", "All Apologies" and "Where Did You Sleep Last Night".
1997 - The world’s first surviving septuplets were born by Cesarean section to Bobbi McCaughey of Carlisle, Iowa. She claimed her place in the record books by giving birth to septuplets: four boys (Kenneth, Brandon, Nathan and Joel) and three girls (Alexis, Natalie and Kelsey). The seven newcomers joined a family that already included one daughter, Mikayla. The infants ranged in weight from 2 pounds, 5 ounces to 3 pounds, 4 ounces and were born over a period of six minutes. The father was Kenny McCaughey, a billing clerk at a car dealership.
1998 -Sammy Sosa is selected as the NL MVP creating an historic Latin American sweep of the MVP awards with Ranger Juan Gonzales winning the award in the AL this season.
2000 -- Florida counts presidential ballots (more or less)...
2001- In a landslide vote (30 of 32 first-place votes) by the BBWAA, Giant left fielder Barry Bonds (.328, 137, 73) wins the Most Valuable Player Award for an unprecedented fourth time (1990, 92- 93 as a Pirate). Three-time MVPs include Yogi Berra, Roy Campanella, Joe DiMaggio, Jimmie Foxx, Mickey Mantle, Stan Musial and Mike Schmidt.
2002 -Twenty-four year veteran Jesse Orosco, who all-time leader in games pitched at 1,187 agrees to a one-year contract with the Padres estimated at $800,000, At age 45, the lefty reliever, who started his major league with the Mets in 1979 (traded by the Twins for Jerry Koosman), is the oldest player in the majors.
http://baseball.espn.go.com/mlb/players/profile?statsId=1840
http://www.baseball-reference.com/o/oroscje01.shtml
________________________________________________________________________
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|||||
|
www.leasingnews.org
Leasing News, Inc. 346 Mathew Street, Santa Clara, California 95050 E-Fax: (781)459-4789 kitmenkin@leasingnews.org 
|
 |