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Independent, unbiased and fair news about the Leasing Industry

Business Risk Manager
Extensive industry knowledge with
strong technical/analytical skills. Relocation not required.
For more information, please click here

Western Finance & Lease, a subsidiary of Western State Bank
established in 1901, solicits originations throughout the US and
provides funding solutions for a wide range of industries

Wednesday, October 12, 2011

Today's Equipment Leasing Headlines

Channel Partners
 Classified Ads---Sales
  New Masthead
   Change in Classified Help Wanted--Effective Today
    Classified Ads---Help Wanted
  Western Finance & Leasing to Change Their Name:
   Western Equipment Finance
Are They Licensed in California to Dispense Cash
 by Christopher Menkin
  Letters!----We get email!
   Cartoon---Dog at Home
    CNH Capital to Offer Retail Financing in Russian Federation
     Pleads Guilty to Million Dollar Investment Fraud
      Fargo, North Dakota Adopt-a-Dog
       Classified ads—Back Office
News Briefs---
 Special report: Medical equipment leasing holds steady
  PacLease Opens 10 New Franchises
   U.S. takes action against execs of failed Calif. bank
    I ditched my big bank!
     U.S. wireless subscriptions top population
      Obama’s jobs bill stalled in Senate
       Senate panel slams 2004 corporate tax break
        Why Bono Wears Sun Glasses

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

Paul McCartney, Nancy Shevell wed in London
  You May have Missed---
    Sports Briefs---
     California Nuts Briefs---
       Gimmie that wine---
         This Day in American History
           Daily Puzzle
             Weather, USA or specific area
              Traffic Live----

######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.





Classified Ads--- Sales

(These ads are “free” to those seeking employment
or looking to improve their position)

Aggressive, competitive self-starter with vendor/direct equipment
leasing and asset-based lending experience. Success in business banking sales and financial planning.
Email: | Resume

Award winning and strategic leasing sales professional with eleven years experience in Technology, Medical, Furniture, and Office Automation. Will consider positions with full benefits only.
Garfield, NJ
15 years experience small to large ticket sales exp. All types of equipment industries. Vendor & direct. Self motivated. Work with leasing company or broker.
Tony Lio
Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker. 334-590-5133

Orange County, CA
20+ years in leasing sales & sales management.
Have estab. existing remote office with Lessee /Vender following.
Looking for a partnership w/funding source.

Pittsburgh , PA
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592

San Francisco Bay Area:
Business Development “Hunter” with transferable book of business in multiple segments: commercial construction, technology, fitness, etc. Years of managerial experience: can also be a “player/coach”.

Stuart, FL
Lease professional seeking bank sub, captive or other self-funded lessor. Sales position or other. Mid ticket large territory experience.
15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:

Mr. Terry Winders, CLP
Anaheim, California

December 12-14th
Two and One Half-Day Seminar

The seminar will contain information on how to approach leasing in 2012 with the following subjects:

  • New lease language
  • Proposed new accounting rules for lessee's
  • Structuring and pricing for competition
  • Income tax rules, Article 2A vs. Article 9
  • New reasons to lease
  • Questions to ask lessee
  • Vendor needs
  • Credit enhancements
  • Documentation issues

and a take home assignment to see how to propose a lease.

Cost $450 per person

sponsored by
Commerce National Bank
4040 MacArthur Blvd. Suite 100
Newport Beach CA 92660
(Orange County Airport is a half-mile away)

To request a complete outline contact: or for questions call 502-649-0448


New Masthead

Note Leasing News has gone back to:

Independent, unbiased and fair news about the Leasing Industry

Connect with Leasing News
 Add me to mailing list  |     |     Search |  Stress Release

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

Independent, unbiased and fair news about the Leasing Industry


Change in Classified Help Wanted--Effective Today

Help Wanted Web Ad New Programs

Classified Ad Section
(rotates chronological above headlines and
also appears in Classified Ad section.) *

21 days in a row:
$595 four lines (a space is a line)
($40 each additional line or space)

Design work is free. Logo is free as well as company description not to exceed the number of lines of the ad.
Also free: click to a click to a web site or a full description of the position.

Ads are placed in the "Help Wanted' section by category, alphabetical, with the ad with the most lines first in the group. They appear on the web site and in each news edition at the top in a rotation basis per issue.

* Help Wanted” ads  appear in each issue on a chronological basis above the top headline as a courtesy. This position is not available as a paid position, but is generally on a rotation basis.  At the same time, the ad continues in the classified help wanted section in the news edition and web site, so in effect appears twice.

Leasing News reserves the right to refuse advertising, particularly to a company that has appeared in the complaint bulletin board


Leasing Industry Help Wanted

Medical app only to 200k, Commercial app only to 150k Superior COF’s-Superior Buying window-Superior back office Please contact Steve Schachtel at 973-339-9900 ext. 101
or email at

Business Risk Manager
Extensive industry knowledge with
strong technical/analytical skills. Relocation not required.
For more information, please click here

Western Finance & Lease, a subsidiary of Western State Bank
established in 1901, solicits originations throughout the US and
provides funding solutions for a wide range of industries

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

Please see our Job Wanted section for possible new employees




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

to become

Western Equipment Finance

Devils Lake, ND – Western State Bank announced that, effective Monday, October 17, 2011, its equipment finance subsidiary, Western Finance & Lease, will officially change its name to Western Equipment Finance. Western Equipment Finance is a leading small ticket equipment finance company in the lease and finance industry.

Western Equipment Finance provides a wide variety of equipment finance solutions for targeted industries nationwide. The company specializes in select industries including: agriculture, construction, franchise, funeral, healthcare, lawn and tree, media, office, rental, technology and waste management. Focused on vendor partnerships and customer relationships, the company drives its success through a well tenured sales team lead by Chad Palmer, National Sales Manager. The national business development team includes Randy Freeman, Galen Busse, DuWayne Miller, Joel Schuman, Tony Shomento and Caleb Boyd.

Laurie Bakke, President

"Our core focus is providing customized equipment finance solutions for both our vendor partners and end-user customers,” commented Laurie Bakke, President of Western Equipment Finance. “We believe our name change more accurately signifies our core focus as well as clearly indentifies our product offerings.”

Western Equipment Finance has partnered with companies nationwide since 1990 to provide commercial equipment financing. Western Equipment Finance is a subsidiary of Western State Bank, an employee-owned, community-focused bank, offering superior full-banking services, investments, and real estate financing to personal and business customers. Western State Bank’s locations are in the North Dakota communities of West Fargo, Fargo, Devils Lake, and Towner and in Chandler, Arizona.

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

Gary DiLillo, President 216-658-5618 or

To learn more about the benefits of
outsourcing personal property tax, please click here.


Are They Licensed in California to Dispense Cash
by Christopher Menkin

While many companies advertise "merchant cash advance," none are licensed in California under the California Finance Lenders Law, although one is in the process of applying for such a license. In its "kicking it up a notch," Leasing News will not only be reporting, but will be contacting the California Department of Corporation for their opinion whether these companies should be licensed in this state.

The California Finance Lenders Law provides limited brokering authority. A "broker" is defined in the law as "any person engaged in the business of negotiating or performing any act as broker in connection with loans made by a finance lender." Brokers licensed under this law may only broker loans to lenders that hold a California Finance Lenders license.

The requirements for a license are set forth in Section 22100, et seq. of the California Financial Code. The law requires applicants to have and maintain a minimum net worth of at least $25,000 and to obtain and maintain a $25,000 surety bond. In general, principals of the company may not have a criminal history or a history of non-compliance with regulatory requirements. (1)

There are a number of "non-loan" transactions, such as bona fide leases, automobile sales finance contracts (Rees-Levering Motor Vehicle Sales and Finance Act) and retail installment sales (Unruh Act), that are not subject to the provisions of the California Finance Lenders Law.

Brad Peterson of Channel Partners, a Leasing News advertiser and long time friend, was told by his attorney that Channel Partners does not need to be licensed in California. After reading stories in Leasing News, and visiting with others in the industry, including the estimated cost of obtaining a license is $1500, he has made application to obtain a license, believing it is better to be safe than sorry.

AdvanceMe. Inc agreed to an $11.5 million settlement in California. It seems to have been settled regarding other issues, but the license was not a requirement, which doesn’t seem to make sense if California requires they have a license. (2) The company is part of the Capital Access of Advance Me, Inc. Neither today appears to be licensed in California. They do have a “loan arm” that is licensed:

NEWLOGIC BUSINESS LOANS, INC. (2a) It should be noted that Advance Me has advertised in Leasing News and is considered a very reputable company.

In a March 20, 2011 interview, "Mark Lorimer, Chief Marketing Officer of AdvanceMe, Inc. told Leasing News: “This was a vigorously contested, protracted and costly litigation. It has been resolved on terms mutually agreeable to the parties and the settlement agreement prohibits further comment.” (2b)

In an interview with Thomas Burnside, CEO, he told Leasing News, "Through a ‘loan,’ they basically advance on credit card charges and pay a referral fee to those who provide customers. It is also similar to factoring as they do not run credit on the party receiving the money, nor require a company or personal guarantee. It is based solely on the credit card receipt history of the company." (3)

Leasing News attempted to reach the Chief Legal Officer for Capital Access Network, Parris Sanz, Esq., who joined the company in 2004 and "Previously, Sanz was an attorney in private practice at Paul, Hastings, Janofsky & Walker in San Francisco and Latham & Watkins in Los Angeles, where he handled a wide variety of corporate, securities, transactional and commercial matters." (4)

A voice mail was made, but his email address was considered confidential and his secretary could not divulge it. Leasing News also attempted to reach the attorneys representing AMI in California.

Again, at attempt was made to obtain a comment for this article, but none was received by press time.

One of the largest "Cash Advance" is "On Deck,” who is a press release stated:” In January, On Deck passed the $100,000,000 milestone; today's announcement represents a 50% growth surge in just 8 months. This growth, which has accelerated steadily month over month, further validates the company's technology platform as a key solution to America's small business lending challenges." (5)

Gordon Brott, Director of Marketing for "On Deck" told Leasing News:

"On Deck...(does) not offer a merchant cash advance - we offer a true business loan with fixed payments.

"In regards to California, On Deck does not make loans in the state. In California we are a loan servicer and an eligibility screener for a federally chartered bank. This bank makes the loans in California; the customer signs a loan document with that bank etc. If a business owner in California contacts On Deck, we refer them to this bank for the actual loan - we do the eligibility screening and they make the loan." was not found as being licensed in California. On October 4, 2011 they sent out a press release: " of the nation’s leading “merchant cash advance” funding companies, today announced the completion of a new $25 million senior debt facility provided by Comvest Capital and Community National Bank. In addition, the company also extended its $10 million sub-debt facility for 5 years. The financing will allow MCC to create new and innovative programs, better serve existing customers and aggressively market its services to grow its already burgeoning business. To date, MCC has provided over $370 million in funding to more than 10,000 merchants nationwide." (6)

They were contacted and asked about the deadline for a response, but none was received. perhaps was the most interesting:

The above, according to its "owner," Mike Butler is a “web portal." He said he was not required to be licensed as his site is neither a broker nor a lender, but a marketing web site that refers telephone calls.

It may be that the California Finance Lender’s Law does not cover the internet, which is national.

It seems Brad Peterson is the only one who listened to the advice from Los Angeles Attorney Tom McCurrin in the March 30, 2011 article:

Leasing News asked perhaps the best expert in California, who also won a major case in the Commercial Money Center (CMC) case against the insurance companies as CMC was not licensed:

"Lets see--- you just paid $25 million settlement, not counting your time or your attorney and court fees, and you could have only paid $1,500 to procure a lenders license," Tom McCurnin, Barton, Klugman & Oetting, Los Angeles, told Leasing News. "These are top flight bankers and lawyers. I don't get it.

"I’ve never understood the reluctance, indeed outright pushback, from industry professionals obtaining lenders licenses. Details can be found here -> The downsides might include cost, the bonding requirements and the annual audits, but upsides are huge, in my opinion.

"The advantages bullet-proof you lease documents from usury claims, and assuming the lessor has a good 'choice of law' clause and 'forum selection' clause, it will bullet-proof the documents out of state as well. Basically, the lessor can charge any amount of interest it chooses, except for those States which have criminal usury statutes such as New Jersey, which is 50%. I can’t speak for other lawyers here, but when one of my clients is involved in broker-funder dispute, or a lessor-lessee dispute, the first thing I look for is a license.

"The failure to procure a license may subject that lessor or broker to class action claims, criminal prosecution, and cease and desist orders by the Department of Corporations. Those downsides often settle many of my clients’ claims against non-licensed brokers or funders." (7)

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832

(1) California Finance Lenders Law

(2) Clark v. AdvanceMe.Inc. Class%20Action%20Settlement%20and%20Hearing.pdf



(3) AdvanceMe not a Leasing Funder

(4) The Story behind Capital Access Network---AdvanceMe

(5) On Deck September 19, 2011 press release

(6) press release

(7) Up-Date: $23.4 Million Settlement-Not Licensed in California




Letters! ----We get email!


Thank You, Rick Jones

"It was nice of you to salute Rick for publishing Leasing News while you were on vacation. He did a damn fine job Kit."

Rosanne Wilson, CLP
1st Independent Leasing, Inc.

Bob Fisher to attend NAELB Conference for Ascentium Capital
plus Dwight Galloway from RLC Leasing

"I was up late tonight here on EST and reading your first issue back from time away. It appears you have used your vacation well, coming back in with a roaring article that you are stepping up the pressure as an industry watchdog on questionable practices that in time will invite regulatory challenges unless eliminated. Moreover, I agree with you, Kit, that such practices may cause lessors to lose business to other forms of financing available to customers when they are acquiring equipment for their businesses.

"Best wishes for your continuing success,"

Steve Dinkelaker, President
American Lease Insurance
d/b/a Lease Insurance International


"Yeah. Refreshed, refocused and re-feisty! Go gettum, tiger!"

Bob Teichman, CLP
Teichman Financial Training


"It’s been to quiet. We need some action. The Lone Ranger is back in town."

Phil Dushey
Global Financial Services


"Refreshed after a vacation. What a concept! Look out leasing world malefactors, is what I say."

Shawn Halladay

Only Eight Sentenced in Operation Lease Fleece--Why?

"Full of bad guys with bad schemes. Hang em' High. "

Allan Levine,
Chief Operating Officer

Banks and Creditors Could Just Cry

"Creditors complain that a Court ordered investigation is costing too much and the lawyers and accountants are burning through the money, so the creditors may never see a dime.

"I have three responses

"--Of course, the Court ordered professionals could be doing nothing. What would the likelihood that anything would be recovered in that event?

--Nothing prevents the Creditor from instituting his/her own investigation using his/her own professionals.

--None or little equipment exists in the Allied scam, as it was double or triple financed. Even with the most frugal investigation, the Creditors will receive nothing.

"This reminds me of taxpayers that want more government services (roads, prisons) but don't want to pay for them."

Tom McCurnin
Barton, Klugman & Oetting

Vendor Bruce Donner Pleads Guilty in Allied Health Care Scheme

"The FBI is full of it! Without you getting into it, this fraud and all its enablers would still be operating. How many bank Presidents, Brokers and Funders visited out there and came back enamored with Charles Schwartz? Where are all your detractors now?"

Bernie Boettigheimer, CLP
Lease Police, Inc.


"Kit, I think what is so great about this is that you "red flagged" this before everybody woke up and saw what it was."

(Yes, I can remember for three months getting criticism on stories about Charles Schultz and Allied Health Care Services. I was right almost nine months before it hit the fan. Brican they attempted to sue me---the case is on going. Sheldon Player and E.A.R. was right about that almost two years before others realized what Leasing News was writing about his past and repeating it. NorVergence, RW Professional, IFC Credit and the many complaints before they folded; they were going to sue me then for what I was writing. There are others…Editor)

BBB: Rating Leasing Companies

“Greetings from the beautiful Pacific Northwest!

"I know accuracy is important to you so wanted to point out that as of August 10th of this year Financial Pacific is proud to be BBB Accredited. The list below in your 9/18 email reflects only our A+ rating – not the accreditation.

"Thank you in advance for updating your list!"

Kathy Graves

(Thank you for wanting to keep us “accurate.” I know you have been through changes at Financial Pacific and it is not the company it used to be. BBB Ratings are done every three months and are not on “a list,” although your belief they should be is a good idea and after the next one, will add to “

And you are correct, we try to be accurate. By the way, when the new Financial Pacific changes its Evergreen Clause policy and stops funding those on the Complaint Bulletin Board, such as Benchmark Financial Group in your top three of funders in Southern California, please let us know. Editor)

Financial Pacific is Licensed, Benchmark is Not!

Evaluating Credit Reports

"In your article “Evaluating Credit Reports”, an excerpt from “How Far Out On A Limb Are You Willing To Go”, by Richard Boswick, the author gives the following credit score range and evaluations:

"Score Range Score Description

720-850 Excellent
700-719 Very Good
675-699 Good
620-674 Fair
619 and below Bad to Very Bad

"In my experience in the small ticket equipment leasing industry (which may be different than other industries that the author is engaged in), lenders are more rigid in evaluating credit. We are seeing something more like the following:

Score Range Score Description
750-850 Excellent
725-749 Very Good
700-724 Good
675-699 Fair
650-674 Marginal
620-649 Poor
619 and below – Bad to Very Bad

"A couple of other interesting points; we are seeing more people bring copies of their own credit report with score factors, due I’m sure to the wave of commercials from credit agencies who are selling consumers credit monitoring products. In every case I’ve seen the score factors in the credit reports that the consumers provide are much higher than the scores we see when we pull credit (we use Experian/Fair Issac Personal Model Finance V3 and others). This creates a communication issue when you have to explain to the client that the credit he or she believes is a great 725, you have as a just a marginal 665. We also believe that the credit agencies have tightened their scoring model meaning a credit profile today will have a lower score than a similar profile would have had three or more years ago (we determined this by looking at the credit reports of repeat customers over a period of several years).

"Our experience also is that small business equipment lenders today, even more than in the past discount 'good' credit and elevate negative items, such as two guarantors, weighting the one with the poorer score higher than the good one. Or weighting any other negative item higher than a good credit score. This certainly happened in the past, but it happens more today."

Joe Schmitz. CLP
F.I.T. Leasing
Financing Industry & Technology
(800) 299-4348

(The article was by Richard Boswick, not written by us or abbreviated by us:

(May 18, 2011 we reported the

Excellent: 750-840
Good: 660-749
Fair: 620-659
Poor: 620-659

(I think the consumer ranges vary with companies, as well as those who interpret them. The article, by the way, was more about commercial credit reporting and how it changed.

(It is my experience that 650 is considered the poor range, which your rating below appears to be what is being used in the leasing industry. I would also agree more and more companies are looking at other aspects than the credit scoring because a high score can also be manipulated, as well as a low score from a dispute, or as simple as the customer is shopping rates. Editor)


Need Help on $1.00 Out Evergreen Clause IFC Credit

"We’ve had the same problem. IFC residuals are being handled by a bankruptcy trustee who and is enforcing the (Illinois) law that allows them to legally steal additional money by enforcing the “evergreen” theft on $1.00 options by converting them to FMV if notice isn’t received. To help protect our assigned IFC lessees, back in 2010 we sent out a form letter (copy attached) to every IFC customer we discounted, informing them to mark their calendar, reread their documents and basically protect themselves from this predatory practice.

"Receiver Contact address is:

Richard Koob
191 Waukegan Road
Suite 315
Northfield, IL 60093

"The evergreen clause is a real relationship killer.

"It is an unfathomable condition for a $1.00 / $101.00 purchase option lease. It just makes everyone look bad, including the leasing industry."

Brian Carey
Innovative Capital Resources NC, Inc.
San Jose, CA.
(408)927-7159 - Office
(408)927-7163 - Fax
(408)832-8595 - Cell

Who Has Not Responded on Evergreen Clauses

"Our policy is not to support any unethical activity by transaction originators we work with. Should your organization learn of said activity we gratefully thank you for informing us. We read your publication regularly and have used the information provided to our benefit.

"I am proud of the lease originators we work with and let our history with these originators stand on its merit. Should we discover a transaction originator is engaging in unethical practices we will take appropriate action. We consider it good management to deal with these issues privately should they arise.

(Asked if they utilized Evergreen Clauses or if their discounters used Evergreen Clauses or were required to notify the lessee about the termination of the original lease contract)

"We manage our affairs privately. We will take appropriate action should we find a lease originator doing something we feel is unethical."

Archie Julian
Broker Relations Officer
Exchange Bank Leasing
General Phone Number: (800) or (707) 546-7822
Direct Phone Number: (707) 521-5027

(Leasing News is going to “kick this up a notch,” contacting vendor associations as to their policy about letter their members know who abuses Evergreen Clause and plays games with purchase options. Look for news reports on their reaction. Editor.)




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

CNH Capital to Offer Retail Financing in Russian Federation

From Left: Carlo Alberto Sisto, Senior Director CNH Trade Finance and Carlo van Kemenade Chief Commercial Officer Global Vendor Program De Lage Landen at the signing agreement ceremony

MOSCOW, Russia – – CNH Global, a Fiat Industrial company and a worldwide leader in the agricultural and construction equipment industry, is strengthening its relationship with De Lage Landen to provide its customers in the Russian Federation with competitive retail finance programs, which will be offered under the CNH Capital name. To this end, CNH International and CNH-KAMAZ Commerce, subsidiaries of CNH Global, have entered into an enhanced program agreement with De Lage Landen. The activity will be run collaboratively and managed by an Executive Committee comprising equal representation.

The financing program, which will be operational from the beginning of 2012, will be staffed by a dedicated sales team that will work closely with CNH’s four brands: New Holland Agriculture, New Holland Construction, Case IH and Case Construction Equipment, their dealers, and their customers.

CNH and De Lage Landen first established their relationship in Poland in 2007. On the back of the success of this collaboration, the two companies turned their attention to the Russian market, where they established a standard vendor program agreement in 2010. This new enhanced program agreement replaces the previous one, extending the opportunities for the two partners and offering operators in the agricultural and construction equipment industries competitive retail financing plans.

"I am very pleased to see this relationship expanding further into the Central and Eastern Europe region,” commented Frans Janssen, Senior Vice President CEE region De Lage Landen. “CNH is a key partner and we expect continued success in the Russian market. While the vendor lease model is unique in Russia, the completion of this agreement proves that our efforts are working and vendors are seeing the benefit that partnership financing can bring to their sales."

Carlo Alberto Sisto, Senior Director Trade Finance CNH International added "We are very pleased with the new agreement with De Lage Landen, which will expand the offer of financing programs available under the CNH Capital name. Our collaboration with them, both in Poland and in the Russian Federation, has been extremely positive for us and I have no doubt that this new, enhanced agreement will be of mutual benefit for our companies and for our customers."

Tom Meredith, President Global Business Unit Food & Agriculture De Lage Landen commented on the two companies’ relationship “De Lage Landen has been working closely with CNH on this opportunity and we believe that our collaborative relationship will allow us to creatively and profitably support the CNH brands in Russia."

"This agreement aims at improving the level of service offered to our customers,” concluded Mario Gasparri, General Manager of CNH International. “By making available dedicated financial packages and tailored options to meet our customers’ business requirements, this agreement will increase their buying power and the competitiveness of our brands’ reliable equipment and high productivity technologies.”

The extensive size of the agricultural and construction equipment markets in Russia, combined with the focus of the Russian government on developing these industries and the market position of the CNH brands, provides considerable potential for growth for both partners as a result of this new agreement.


CNH Global is a world leader in the agricultural and construction equipment businesses. Supported by approximately 11,300 dealers in about 170 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE:CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A. (FI.MI). More information about CNH and its Case and New Holland products can be found online at

CNH International, a subsidiary of CNH Global, is the company responsible for the manufacture, sales, distribution and after sales operations of agricultural and construction branded equipment in over 120 countries throughout Africa, the Middle East, the Commonwealth of Independent States, Asia and Oceania, encompassing Australia, China and India. CNH International was established in 2007 to strengthen CNH’s brands focus in emerging and high-growth markets.

CNH-KAMAZ Commerce is a subsidiary of CNH-KAMAZ Commercial, a joint venture between CNH and OJSC KAMAZ established in 2010 to distribute and service agricultural and construction equipment in the Russian Federation.

De Lage Landen, a fully owned subsidiary of Rabobank Group, is specialized in asset-based financing programs for equipment manufacturers, dealers and distributors all over the world. Our programs cover our customers’ total distribution chain, as well as the entire lease lifecycle. We offer customers a single source for leasing, administration, risk and asset management solutions. De Lage Landen’s diversified solutions include car leasing in the European market and consumer finance and factoring in the Dutch home market. Establishing a close and long-lasting relationship with our customers is at the heart of our company culture. This requires a genuine interest in and a thorough understanding of our customers’ business needs and goals. We partner with our customers to tailor solutions and develop programs that support mutual growth and profitability. We care not only about our customers, but also about the communities in which we operate. We strive to have a positive social and environmental impact through our products and the way we conduct business. For more information, visit

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

Pleads Guilty to Million Dollar Investment Fraud

Robert Schroy, 66, of California, pleaded guilty before U.S. District Court Judge Joel A. Pisano in Trenton federal court to a criminal Information charging him with one count each of wire fraud and tax evasion.

U.S. Attorney Paul J. Fishman brought the case forward where Schroy admitted to from 2004 through 2009 soliciting people to invest in an alleged "international bank trade." He admitted that he and his co-schemers falsely promised prospective investors extraordinary gains — ranging between 10 and 100 percent per week for a minimum period of 25 weeks — plus the return of their principal investment. Based on Schroy's misrepresentations, numerous investors, including investors in New Jersey, wired investment monies to accounts controlled by Schroy and his co-schemers. The money was wired to the designated accounts; however, Schroy admitted it was not invested in any supposed bank trade. Instead it was used by Schroy and his co-schemers for personal expenditures, including automobiles, vacations, and meals at restaurants. In total, Schroy admitted he and his co-schemers misappropriated at least $1 million in investor money.

In pleading guilty to the tax evasion count, Schroy specifically admitted he failed to file a 2007 U.S. Individual Income Tax Return and failed to report $479,566 of taxable income, upon which an additional tax of $151,781 was owed to the IRS.

The wire fraud charge carries a maximum penalty of 20 years in prison and the tax evasion charge carries a maximum penalty of five years in prison. Both charges carry a maximum fine of $250,000. Sentencing before Judge Pisano is scheduled for Jan 25, 2012.

U.S. Attorney Fishman praised special agents of the FBI, under the direction of Special Agent in charge Michael B. Ward, and special agents of the IRS, under the direction of Special Agent in charge Victor W. Lessoff, and the N.J. Bureau of Securities, under the direction of Bureau Chief Abbe R. Tiger, with the investigation that resulted in the guilty plea.

The government is represented by Assistant U.S. Attorney Christopher J. Kelly of the U.S. Attorney's Office Economic Crimes Unit in Newark.

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

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


Fargo, North Dakota  -- Adopt-a-Dog


Name: Ashton
Breed: Schnauzer, Miniature / Mix
Gender: Male
Size: Small
Age: 3 years, 4 months
ID #: 13250655

Ashton is an adorable 3-year-old Miniature Schnauzer mix. He is incredibly cute, and he loves to chase balls and play with toys. Ashton also loves to play tug-of-war with his canine foster sibling, and enjoys the company of the resident cat in his foster home. Getting along with other animals seems to be easy for him! When it comes to human companionship, Ashton takes some time to warm up. Once he knows that you are someone he can trust, Ashton is one of the sweetest pups around!

Ashton is looking for an adopter he can depend on and would be happiest in a home with at least one other friendly dog or cat to show him the ropes and encourage him to play. Ashton's foster family reports that he has bonded with them and with his dog-walker, and that their relationships grow all the more each day! His foster family writes: "Ashton is a very curious, somewhat cautious boy. But he's really a big cuddle-bug, especially when it's bedtime. Ashton gets along well with our other dog and cat. He's potty trained and isn't destructive. We trust him fully alone in the house."

Ashton is currently in foster care and not at the shelter. To learn more about him call the Seattle Humane Society at (425)649-7563 or email

As with all of our dogs, Ashton has been neutered, microchipped, vaccinated and behavior tested. He will go home with a certificate for an examination by a King County veterinarian and an identification tag. PLUS, most dog adoptions include six weeks of training in one of our on-campus dog behavior courses -- a great way to start off on the right paw!

Introduce to children over the age of 12. Resident dogs are required to visit with Ashton prior to adoption. Introduce to cats.

Open Seven Days a Week and New Extended Hours!

Thursday-Friday-Saturday: 11 a.m. - 8 p.m.
Sunday-Monday-Tuesday-Wednesday: 11a.m. - 6 p.m.

Seattle Humane Society
13212 SE Eastgate Way
Bellevue, WA 98005
Adoptions Bellevue (425) 649-7563



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This Day in History


(no drawing exists, it is a guess what he looked like)

His name was Cristoffa Columbo, but in English: Christopher Columbus. He never landed in either South or North America, and thought it was India, that's why we call natives of the America's: 'Indians.' ("Indios" but in English, Indians. They were Lucayan.) He is celebrated today for landing in what is now known as the Bahamas. Columbus called the island San Salvador; the natives called it Guanahani. Exactly which island in the Bahamas this corresponds to is an unresolved topic; prime candidates are Samana Cay, Plana Cays, or San Salvador Island (so named in 1925 in the belief that it was Columbus's San Salvador). Dutch sailor Piet de Stumi, or DeStynie, persuaded Columbus to change the log and make it seem that Oct 12 was the date of the first New World landing. The real date, Oct 13, might have caused superstitious fear in the other sailors or in potential investors in later voyages. The change was detected by an Italian history study group named the Colombiani.

Columbus Day was first celebrated on October 12, 1792, to mark the tercentennial of Christopher Columbus's first landing in the New World. A monument was dedicated in Baltimore, MD, for this occasion. The colonials were "infatuated" with Columbus and at one time the most popular name of our country was to be Columbia, and a one vote changed it from the United Colonies to the United States after a compromise was made to name the nation's capital Columbia. Later it became known as the District of Columbia.

Contrary to popular belief, his four trips to the New World made him a very rich man. He should be credited for bringing back Tobacco that addicted everyone in Europe, plus introduced other plants, but his product was not gold, but a lot of native "Indian" slaves. After four trips to the Caribbean Islands, he basically began the de-population of the area and thus the reasons slaves were eventually kidnapped from Africa to do the labor. The area became the debarkation for Europe for several centuries. The population today in the Caribbean is primarily European and African in origination, very few 'Indian' descendants on the islands.
Map of the Bahama's:

     1710- Birthday of Jonathan Trumbull, American patriot, counselor and friend of George Washington, governor of Connecticut Colony, born at Lebanon, CT, died there, August 17, 1785. 
    1802, the first West Point graduates were Joseph Gardner Swift of Massachusetts and Simon Magruder Levy of Maryland, also the first graduate of the Jewish religion. They graduated as second lieutenants. They were the only students to graduate of the original class of 10, which consisted of 5 men from Massachusetts, and1 each from Connecticut, Maryland, Missouri, New York and Virginia. Levy resigned from the army in 1805 because of contracting the measles, quite serious in its day. Swift was brevetted a brigadier general on November 11, 1813 for his heroism in the battle at Chrysler's Field in Upper Canada. On February 19,184, he was promoted to brigadier general for her meritorious service in the defense of New York in the War of 1812. He became head of the Military Academy in 1816 and retired from the Army in 1818. He died in 1865. 
     1843- The B'Nai B'rith (Sons of the Covenant) was founded in New York City by Henry Jones and 11 others. 
     1854-Lincoln University of the Commonwealth of Pennsylvania was chartered in April 1854 as Ashmun Institute. Since its inception, Lincoln has attracted an interracial and international enrollment from the surrounding community, region, and around the world, its alumni include: Langston Hughes, '29, world-acclaimed poet; Thurgood Marshall, '30, first African-American Justice of the US Supreme Court; 
     1882- The first hotel to install electric lights was the Prospect House, Blue Mountain Lake, NY. In 1881, the electricity was installed, but the lights were not entirely dependable. In 1882, the Duke of Beranga and his party arrived after dark to celebrate Columbus Day. As they were show to their rooms the lights went out, but after a slight delay the lights went on again. History records this event, and states the name of the hotel was later changed to the Eutowana.
    1911--Birthday of Ann Petry - U.S. journalist and novelist. She is best known work for The Street, a novel about a Harlem mother surrounded by inescapable violence and limitations.  
     1914- Annette Abbott Adams became the first U.S. federal prosecutor who was also a woman when she was sworn in an Attorney General in California. 
     1918--HERIOT, JAMES D. Medal of Honor Rank and organization: Corporal, U.S. Army, Company I, 118th Infantry, 30th Division. Place and date: At Vaux-Andigny, France, 12 October 1918. Entered service at: Providence, S.C. Birth: Providence, S.C. G.O. No.: 13, W.D., 1919. Citation: Cpl. Heriot, with 4 other soldiers, organized a combat group and attacked an enemy machine-gun nest which had been inflicting heavy casualties on his company. In the advance 2 of his men were killed, and because of the heavy fire from all sides the remaining 2 sought shelter. Unmindful of the hazard attached to his mission, Cpl. Heriot, with fixed bayonet, alone charged the machinegun, making his way through the fire for a distance of 30 yards and forcing the enemy to surrender. During this exploit he received several wounds in the arm, and later in the same day, while charging another nest, he was killed. 
     1918-WOODFILL, SAMUEL Medal of Honor Rank and organization: First Lieutenant, U.S. Army, 60th Infantry, 5th Division. Place and date: At Cunel, France, 12 October 1918. Entered service at: Bryantsburg, Ind. Birth: Jefferson County, Ind. G.O. No.: 16, W.D., 1919. Citation: While he was leading his company against the enemy, his line came under heavy machinegun fire, which threatened to hold up the advance. Followed by 2 soldiers at 25 yards, this officer went out ahead of his first line toward a machinegun nest and worked his way around its flank, leaving the 2 soldiers in front. When he got within 10 yards of the gun it ceased firing, and 4 of the enemy appeared, 3 of whom were shot by 1st Lt. Woodfill. The fourth, an officer, rushed at 1st Lt. Woodfill, who attempted to club the officer with his rifle. After a hand-to-hand struggle, 1st Lt. Woodfill killed the officer with his pistol. His company thereupon continued to advance, until shortly afterwards another machinegun nest was encountered. Calling on his men to follow, 1st Lt. Woodfill rushed ahead of his line in the face of heavy fire from the nest, and when several of the enemy appeared above the nest he shot them, capturing 3 other members of the crew and silencing the gun. A few minutes later this officer for the third time demonstrated conspicuous daring by charging another machinegun position, killing 5 men in one machinegun pit with his rifle. He then drew his revolver and started to jump into the pit, when 2 other gunners only a few yards away turned their gun on him. Failing to kill them with his revolver, he grabbed a pick lying nearby and killed both of them. Inspired by the exceptional courage displayed by this officer, his men pressed on to their objective under severe shell and machinegun fire. 
     1918 - Forest fires ravaged parts of Minnesota from the Duluth area northeastward, claiming the lives of 600 persons. Smoke with a smell of burnt wood spread to Albany NY and Washington D.C. in 24 hours. Smoke was noted at Charleston SC on the 14th, and by the 15th was reported in northeastern Texas. 
     1920 - Construction of the Holland Tunnel got underway. The tunnel would provide a direct link between Twelfth Street in Jersey City, NJ and Canal Street in New York City. The tunnel has two tubes more than 8,000 feet (2,400 meters) long. It opened to traffic on November 13, 1927. Oh, and one more thing: The Holland Tunnel was named for Clifford Milburn Holland (1883-1924), the civil engineer who died while directing the tunnel's construction. 
     1923 -- In front of the largest crowd in baseball history, 62,430 fans are on hand to see Casey Stengel hit his second home run of the Series. The round-tripper proves to be the difference as Giants hurler Art Nerf outduels Sam Jones and the Bronx Bombers in Game 3 of the Fall Classic, 1-0. 
     1932-- American comedian, social activist, social critic, writer Dick Gregory (born Richard Claxton Gregory) on October 12, 1932 in St. Louis, Missouri. Dick Gregory's first TV appearance was on the late night Jack Paar show. He soon began appearing nationally and on television and his 1964 autobiography, "Nigger," has sold ten million copies. At the same time, he became more involved in struggles for civil rights, activism against the Vietnam War, economic reform, anti-drug issues, conspiracy theories, and become more political than a stand-up comedian. 
     1937 - The longest-running detective show on radio debuted. "Mr. Keen, Tracer of Lost Persons" lasted until 1955. Three different actors played the title role, Bennett Kilpack was Mr. Keen the longest, and Arthur Hughes saw the final show. 
     1939-- pianist Mary Lou Williams records Little Joe from Chicago. 
     1942-SCOTT, NORMAN Medal of Honor Rank and organization: Rear Admiral, U.S. Navy. Born: 10 August 1889, Indianapolis, Ind. Appointed from: Indiana. Citation: For extraordinary heroism and conspicuous intrepidity above and beyond the call of duty during action against enemy Japanese forces off Savo Island on the night of 11-12 October and again on the night of 12-13 November 1942. In the earlier action, intercepting a Japanese Task Force intent upon storming our island positions and landing reinforcements at Guadalcanal, Rear Adm. Scott, with courageous skill and superb coordination of the units under his command, destroyed 8 hostile vessels and put the others to flight. Again challenged, a month later, by the return of a stubborn and persistent foe, he led his force into a desperate battle against tremendous odds, directing close-range operations against the invading enemy until he himself was killed in the furious bombardment by their superior firepower. On each of these occasions his dauntless initiative, inspiring leadership and judicious foresight in a crisis of grave responsibility contributed decisively to the rout of a powerful invasion fleet and to the consequent frustration of a formidable Japanese offensive. He gallantly gave his life in the service of his country. 
    1942-WEST, ERNEST E. Medal of Honor Rank and organization: Private First Class, U.S. Army, Company L, 14th Infantry Regiment, 25th Infantry Division. Place and date: Near Sataeri, Korea, 12 October 1952. Entered service at: Wurtland Ky. Born: 2 September 1931, Russell, Ky. G.O. No.: 7, 29 January i954. Citation: Pfc. West distinguished himself by conspicuous gallantry above and beyond the call of duty in action against the enemy. He voluntarily accompanied a contingent to locate and destroy a reported enemy outpost. Nearing the objective, the patrol was ambushed and suffered numerous casualties. Observing his wounded leader lying in an exposed position, Pfc. West ordered the troops to withdraw, then braved intense fire to reach and assist him. While attempting evacuation, he was attacked by 3 hostile soldiers employing grenades and small-arms fire. Quickly shifting his body to shelter the officer, he killed the assailants with his rifle, then carried the helpless man to safety. He was critically wounded and lost an eye in this action. but courageously returned through withering fire and bursting shells to assist the wounded. While evacuating 2 comrades, he closed with and killed 3 more of the foe. Pfc. West's indomitable spirit, consummate valor, and intrepid actions inspired all who observed him, reflect the highest credit on himself, and uphold the honored traditions of the military service.
    1944--Frank Sinatra made his triumphant return to the famed Paramount Theatre in Times Square (he had played there for eight weeks starting on December 30, 1942). In what was called the 'Columbus Day Riot', 25,000 teenagers, mostly young women, blocked the streets, screaming and swooning for Frankie. Sinatra later explained, "It was the war years, and there was a great loneliness. And I was the boy in every corner drug store ... who'd gone off, drafted to the war. That was all." 
     1944---Top Hits I'll Walk Alone - Dinah Shore Is You is or is You Ain't - Bing Crosby & The Andrews Sisters Together - Helen Forrest & Dick Haymes Smoke on the Water - Red Foley
    1944--PENDLETON, JACK J. (Medal of Honor)
Rank and organization: Staff Sergeant, U.S. Army, Company I, 120th Infantry, 30th Infantry Division. Place and date: Bardenberg, Germany, 12 October 1944. Entered service at: Yakima, Wash. Birth: Sentinel Butte, N. Dak. G.O. No.: 24, 6 April 1945. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty on 12 October 1944. When Company I was advancing on the town of Bardenberg, Germany, they reached a point approximately two-thirds of the distance through the town when they were pinned down by fire from a nest of enemy machineguns. This enemy strong point was protected by a lone machinegun strategically placed at an intersection and firing down a street which offered little or no cover or concealment for the advancing troops. The elimination of this protecting machinegun was imperative in order that the stronger position it protected could be neutralized. After repeated and unsuccessful attempts had been made to knock out this position, S/Sgt. Pendleton volunteered to lead his squad in an attempt to neutralize this strongpoint. S/Sgt. Pendleton started his squad slowly forward, crawling about 10 yards in front of his men in the advance toward the enemy gun. After advancing approximately 130 yards under the withering fire, S/Sgt. Pendleton was seriously wounded in the leg by a burst from the gun he was assaulting. Disregarding his grievous wound, he ordered his men to remain where they were, and with a supply of hand grenades he slowly and painfully worked his way forward alone. With no hope of surviving the veritable hail of machinegun fire which he deliberately drew onto himself, he succeeded in advancing to within 10 yards of the enemy position when he was instantly killed by a burst from the enemy gun. By deliberately diverting the attention of the enemy machine gunners upon himself, a second squad was able to advance, undetected, and with the help of S/Sgt. Pendleton's squad, neutralized the lone machinegun, while another platoon of his company advanced up the intersecting street and knocked out the machinegun nest which the first gun had been covering. S/Sgt. Pendleton's sacrifice enabled the entire company to continue the advance and complete their mission at a critical phase of the action. 
     1950-Verve Records cuts Getz Meets Mulligan in HiFI 
    1950 - The Kefauver Crime Commission convened in New York to investigate interstate organized crime. TV was there the following year, showing Frank Costello's hands for a long, long time on screen. Mr. Costello told Senator Estes Kefauver's committee that he would refuse to testify on TV if his face was shown. So, viewers were shown his hands instead. 
     1950--, "Burns and Allen Show" premiered. The comedic husband and wife duo of George Burns and Gracie Allen starred as themselves in this comedy series in which Burns was the straight man and Allen was known for her "ditziness." The show employed the technique of speaking directly to the camera ("breaking the fourth wall"); Burns often commented on the plot, told jokes or tried to make sense of Allen's actions and statements. Also on the show were their real-life son, Ronnie Burns, Hal March John Brown (until blacklisted by McCarthyites in the "red scare"), Fred Clark, Larry Keating, Bill Goodwin and Harry von Zell. The show was done live for the first two seasons and included vaudeville scenes at the end of each episode. 
    1952---Top Hits Y
ou Belong to Me - Jo Stafford 
Wish You Were Here - Eddie Fisher 
Jambalaya (On the Bayou) - Jo Stafford 
Jambalaya (On the Bayou) - Hank Williams   
     1953-- "The Bob Hope Show Premieres on TV. This was a monthly television show and sometimes every other week. During the first season he hosted "The Colgate Comedy Hour," and during the later seasons his show was seen replacing and then alternating with Milton Berle (and in 1955-56 with Martha Raye and Dinah Shore). Leo Robin and Ralph Rainger wrote Hope's trademark show-closing song, "Thanks for the Memory. 
    1954 -- Although a group comes forward to keep the team in Philadelphia, the American League owners approve the sale of the A's to Arnold Johnson, a Chicago business man, who will shift the team to Kansas City next season. The last minute-deal to keep the franchise in the 'City of Brotherly Love' includes future owner, Charlie O. Finley, who will buy the team after it goes to KC and then will move it to Oakland in 1968. 
     1955--The Chrysler Corporation introduces high fidelity record players for their 1956 line-up of cars. The unit measured about four inches high and less than a foot wide and mounted under the instrument panel. The seven inch discs spun at 16 2/3 rpm and required almost three times the number of grooves per inch as an LP. A set of 35 classical recordings were available that provided between 45 and 60 minutes of uninterrupted music. The players would be discontinued in 1961. 
     1956-A motion picture called Don't Knock The Rock, featuring Little Richard and Bill Haley And His Comets, opens in US theatres. The movie tells the story of a disc jockey, Alan Freed, who tries to prove to teenagers' parents that Rock 'n' Roll is harmless and won't turn their kids into juvenile delinquents. 
     1960---Top Hits 
Mr. Custer - Larry Verne 
Chain Gang - Sam Cooke 
Save the Last Dance for Me - The Drifters 
Alabam - Cowboy Copas 
     1961 - The first video memoirs to be created by a United States president were made when CBS showed a three-hour discussion with former President Dwight D. Eisenhower. Reportedly, 11 hours of film were taken, but were later edited down to the final print. Walter Cronkite was the interviewer. 
     1962 - The "Columbus Day Big Blow" occurred in the Pacific Northwest. It was probably the most damaging windstorm of record west of the Cascade Mountains. Winds reached hurricane force, with gusts above 100 mph. More than 3.5 billion board feet of timber were blown down, and communications were severely disrupted due to downed power lines. The storm claimed 48 lives, and caused 210 million dollars damage. 
     1963 - In the first and final Hispanic American major league all-star game‚ the National League beats their AL rivals, 5-2. With future Hall of Famers Roberto Clemente‚ Orlando Cepeda‚ Juan Marichal, and Luis Aparicio looking on‚ Twins first baseman Vic Power, a native of Puerto Rico, receives the award as the number-one Latin American player during a pregame ceremony at the Polo Grounds. 
     1963-"Sugar Shack" by Jimmy Gilmer and the Fireballs hit the top of the Billboard Hot 100. It would go on to be the best selling single of the year. 
    1967 - The St. Louis Cardinals beat the Boston Red Sox, 4 games to 3 in the World Series. A few stats worth remembering: In 27 innings, Bob Gibson allowed three runs and 14 hits to notch St. Louis' eighth title. Although he and Boston's Jim Lonborg pitched spectacularly, the series tied the record for most pitchers used (20). St. Louis' Lou Brock collected 12 hits for a .414 average and a Series-record seven stolen bases. He also tied a Series mark with eight runs. Roger Maris batted .385, collecting ten hits. Julian Javier batted .360. Boston's Carl Yastrzemski batted .400 with three homers. Dalton Jones batted .389. 
    1967-PERKINS, WILLIAM THOMAS, JR.---Medal of Honor
Rank and organization: Corporal, U.S. Marine Corps, Company C, 1st Battalion, 1st Marines, 1st Marine Division. Place and date: Quang Tri Province, Republic of Vietnam, 12 October 1967. Entered service at: San Francisco, Calif. Born: 10 August 1947, Rochester, N.Y. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a combat photographer attached to Company C. During Operation MEDINA, a major reconnaissance in force southwest of Quang Tri, Company C made heavy combat contact with a numerically superior North Vietnamese Army force estimated at from 2 to 3 companies. The focal point of the intense fighting was a helicopter landing zone which was also serving as the Command Post of Company C. In the course of a strong hostile attack, an enemy grenade landed in the immediate area occupied by Cpl. Perkins and 3 other marines. Realizing the inherent danger, he shouted the warning, "Incoming Grenade" to his fellow marines, and in a valiant act of heroism, hurled himself upon the grenade absorbing the impact of the explosion with his body, thereby saving the lives of his comrades at the cost of his life. Through his exceptional courage and inspiring valor in the face of certain death, Cpl. Perkins reflected great credit upon himself and the Marine Corps and upheld the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
     1968---Top Hits 
Hey Jude - The Beatles 
Fire - The Crazy World of Arthur Brown 
Little Green Apples - O.C. Smith 
Harper Valley P.T.A. - Jeannie C. Riley 
     1968 - "Cheap Thrills", the album by Big Brother and the Holding Company, started an eight-week run as number one in the U.S. It was the first and only album (for a major label) Janis Joplin made with Big Brother and the Holding Company. The album's tracks: "Combination of the Two", "I Need a Man to Love", "Summertime", "Piece of My Heart", "Turtle Blues", "Oh, Sweet Mary", "Ball and Chain". 
     1968 - The games of the XIX Olympiad were opened in Mexico City by Mexican President Gustavo Diaz Ordaz. Norma Enriqueta Basilio de Sotelo became first woman to light the Olympic flame. The high-altitude (2,240 meters or 7,573 feet above seal level) and polluted air in Mexico City, put the athletes to a real test. Black Americans Tommie Smith and John Carlos gave the black power salute during the national anthem as a protest against racism in the U.S. They were expelled from the Olympic Village & thrown off the team by the USOC. 
     1968---In San Francisco, GI's and Vets marched for peace from Golden Gate Park to Civic Center.
     1970-The musical Jesus Christ Superstar, already a huge stage hit in the UK and on LP, opens on Broadway at the Mark Hellinger Theatre.
     1971 - Some folks weren't pleased when "Jesus Christ Superstar" premiered on Broadway because of the controversial content of the musical. Before the show opened at the Mark Hellinger Theatre, some 2.5 million copies of the album were sold to the curious. The Tim Rice/Andrew Lloyd Weber collaboration would become a big hit. "Jesus Christ Superstar" would run on Broadway for 720 shows, and spawn several hit songs, including "I Don't Know How to Love Him" (Helen Reddy) and the title song, "Jesus Christ Superstar" (Murray Head).
     1971-It was a blessing in disguise when Rick Nelson played the seventh annual Rock 'n' Roll Revival Show in New York. He thought he was being booed for not playing his old hits and came away with the inspiration to write what would be his last Top Ten hit, "Garden Party", which would climb to number six in 1972. It was later revealed that the crowd was booing some trouble makers who had started a fight and were being escorted out of the building.
     1972-- The movie Lady Sings The Blues, a musical biopic of singer Billie Holiday that launches the movie career of star Diana Ross, opens in New York.
     1973-Elton John is awarded a Gold record for his two disc set, "Goodbye Yellow Brick Road", his third straight number one album. 
     1974-- Olivia Newton-John's LP If You Love Me, Let Me Know hits #1
     1976---Top Hits 
A Fifth of Beethoven - Walter Murphy & The Big Apple Band 
Lowdown - Boz Scaggs 
Disco Duck (Part 1) - Rick Dees & His Cast of Idiots 
The Games That Daddies Play - Conway Twitty 
     1977-Debbie Boone's first single, "You Light Up My Life" reaches #1 on the Billboard Pop chart, where it will stay for 10 weeks. It would go on to win a Grammy Award for Best Song and 21-year-old Debbie is named Best New Artist. The record only made it to #48 in the UK. In the 1980s she focused on Country music, resulting in the #1 hit, "Are You on the Road to Lovin' Me Again". She later recorded Christian music, which garnered her four Top 10 Contemporary Christian albums as well as two more Grammys.
     1979-"Siskel & Ebert "première as "Sneak Previews" with film critics Gene Siskel and Roger Ebert, who originally got their start on public television in Chicago in 1975. In 1978 it went national on PBS. In 1981 the program moved to network TV and the name was changed to "At the Movies." After Siskel's death in 1999, rotating panel of critics joined Ebert and in 2000 journalist Richard Roeper was named the permanent co-host. The title was then changed to "Ebert & Roeper and the Movies." 
     1979-- After an All-American career at Indiana State, forward Larry Bird made his professional debut with the Boston Celtics. He scored 14 points and had five assists in 28minutes and the Celtics beat the Houston Rockets, 114-108. Bird soon proved his ability to shoot, pass and rebound. He led the Celtics to 32 more victories than they had the previous season and won the league's Rookie of the Year Award. 
     1981 - Barbara Mandrell walked away with the Country Music Association's Entertainer of the Year honor for the second year in a row.
     1983-Genesis' self titled LP became their third consecutive number one album in the UK. It included the single "Mama", the band's biggest commercial UK success, which reached #4, but was less popular in the US where it climbed to #73.
     1984---Top Hits 
Let's Go Crazy - Prince & The Revolution 
I Just Called to Say I Love You - Stevie Wonder 
Hard Habit to Break - Chicago 
Everyday - The Oak Ridge Boys 
     1986- The Angels are one strike away from the World Series, when Dave Henderson, who had earlier watched Bobby Grich's fly ball bounce over the center field fence off the heel of his glove giving California the lead, hits a two-run homer off of Donnie Moore to put the Red Sox ahead, 6-5. California will tie the game in the bottom of the frame, but Boston will prevail scoring the deciding run in the 11th inning on a Henderson sac fly. 
     1991-Mariah Carey breaks the Jackson 5's record of four straight number one hits when "Emotions" becomes the fifth of her first five singles to reach the top of the Billboard chart. In April, 2008, she would pass Elvis Presley's record when she achieved her 18th Billboard chart topper, second only to The Beatles 20. 
     1992 - Washington wide receiver Art Monk becomes the NFL's all-time leading receiver when he makes his 820th career reception in a 34-3 victory over the Broncos. 
     1996--- Though they've refused to release it on video for 27 years, largely due to dissatisfaction over their own performance, the Rolling Stones finally release their landmark 1968 all-star BBC television special, The Rolling Stones' Rock And Roll Circus.
     1997 - Singer/songwriter John Denver, piloting an experimental, amateur- built Long-EZ airplane, crashed into Monterey Bay, California. Witnesses said the plane, made of fiberglass with a single engine and two seats, was flying about at about 500 feet "when it just sort of dropped unexpectedly into the ocean. When it hit the water it broke into numerous parts." Denver, age 53 and the only occupant of the plane, was killed. 
    1999-- According to the United Nations, the population of the world reached six billion on this date. More than one-third of the world's people live in China and India. It wasn't until 1804 that the world's population reached one billion; now a billion people are added to the population about every 12 years. 
     2000 - A US Navy destroyer, the USS Cole, refueling in Yemen suffered an enormous explosion in a terrorist attack. Initial reports had at least 6 sailors killed with 11 missing. The death toll was revised to 17.
     2003-- Thirty-five years after an anthem dispute, Jose Feliciano sings the Star-Spangled Banner at the Marlins' NLCS game against the Cubs at Pro Player Stadium. During Game 5 of the 1968 World Series played in Detroit, his nontraditional gospelized rendition of the song at Tiger Stadium caused such flap that some radio stations stopped playing the blind singer's records on the air.!
    2009-- The Cubs file for Chapter 11 bankruptcy protection in Wilmington Delaware. The anticipated short-term move will allow the club's owner, the Tribune Company, to sell the team in an $845 million deal to the family of TD Ameritrade Holding Corp.’s founder, Joe Ricketts.

     World Series Champions This Date 
    1907 Chicago Cubs 
    1916 Boston Red Sox 
    1920 Cleveland Indians 
    1967 St. Louis Cardinals




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Top Stories

(chronological order)

- Who Has Not Responded on Evergreen Clauses
   by Christopher Menkin
- Bulletin Board Complaint Procedure---Up-Date
- Retaining Advance Deposits and Rentals

  and Jeffrey Maricle of Global Funding
#1 Individual Fund Raiser for Chris Walker Chicago Marathon
- A California Leasing Gypsy Arrested by Costa Mesa Police
- ABCO Leasing Calls it Quits
- Survey of Evergreen Clauses
- Where Am I Going to Go with This? Who will take it?
- iFinancial Group, San Clemente, California
- Background of First Trillion Funding
- American Bank Leasing No Longer Funding New Business
- Rosanne Wilson, CLP, Back at Work
- Charles Schwartz Popular at Essex County Correction
- Jules and Associates, Los Angeles, California
    Bulletin Board Complaint
- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- Depping Secedes from the Government Banking Regulators
- NorVergence’s Tom Salzano on Trial in Louisiana
- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Sheldon Player et. al. Back to the IRS
- More on Chase Industries Embezzlement
- New Jersey Bankruptcy Court Slams Lender for Usury

     by Thomas E. McCurnin & Frank Peretore
- Ed Castagna's InPlaceAuction joins
     On Line Equipment Auction List
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Steve Hudson Back on the Lease Hunt
  Is He Coming to the United States?
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Where in the World is Loni Lowder of ACC Capital?
- Leasing hiring index falls in Q2 after six straight quarters of growth
- More on Brendan Messenheimer Sentencing
  CFA to Merge with NFA
- Tom Price/Hyun Um $200/$400 Million BK
   with charges of Scam
- Somehow I missed our “On Line” Anniversary
- Shawn Halladay Explains More on Ending of Leverage Leasing
- IASB 'on way' to being global accounting standard
- Menzel in his own words admits policy on Evergreen Clauses
- Companies who notify lessee in advance of lease expiration
  and require their discounter to also notify lessee in advance
- "The courts define what is fraud, not you or anyone else”
   by Bernie Boettigheimer, CLP
- Hugh Swandel Joins Leasing News Advisory Board
- Leasing CFO Pleads Guilty $1.2 million embezzlement
- John Torbenson Celebrates 43rd Year in Leasing business
- How Much Can A FREE Repossession Cost?
- Marlin with 97 Salesmen Still Relies on Evergreen for Profit
- Newport Financial Partners, Newport Beach, California
   Bulletin Board Complaint
- Add Wisconsin to Notification Requirement Evergreen
- Crit DeMent---May Be Turning a New Leaf
- California Licenses and Checking Them
- Automatic Renewals: The States Respond
  by Barry Marks, Esq.
- C&J Leasing Convicted $8 million Lease Discount Scheme
  Day Trading Lead to his Demise
QuikTrak and others now being sued
- "Vendor Verification" hits Pay dirt on First Inspection
- Balboa Capital : Court Bypasses Lessor's Forum Clause
   as a Result of Forgery
- Unlicensed Lender & Securitization Partners get tagged for Usury
- Direct Capital Releases FinanceQuote App to Simplify Vendor Finance
- Caution! Look Out for Vendors!
- Royal Links Appeal Rules Back to Trial
   by Tom McCurnin
- More Top Leasing Web Sites
- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Richest Man in Leasing: Steven Udvar-Hazay
- From Zero to over $450 Million in One Year
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Church Kiosk Fray---Comes back to bite Balboa on the...
- Brican America---Update
- Vaughn Indicted for defrauding banks, leasing companies
- Wildwood employees get prison for Leasing Ponzi scheme
- Operation Lease Fleece---2011 Update
- IFC Credit Corporation BK—Up-date
- De Lage Landen: A Teachable Moment by Bernie Boettingheimer, CLP
- Leasing News Position on Evergreen and Winter Green Leases
- I should have called Lease Police!
   by Christopher Menkin
- PinnFund/PinnLeasing Michael Fanghella Out of Jail Seeks $150,000 Job
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

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

   Equipment Lease Agreement (EFA)
- California License Web Addresses