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East Coast Leasing Company Update
Wednesday, early afternoon, NY time

From Phil Dushey, Manhattan

"We have no power in 50% of Manhattan. We are a little "FREAKED OUT," but safe.

"I have lived in New York City area all my life and have never
experienced devastation like this in all my life. In New York we had
horrible flooding and power outages. From 39th Street which is in the
middle of Manhattan ,down to Battery Park which is at the tip of New
York and where my office is located there is no power; literally 10's
of thousands of businesses are shut down including mine. Probably 10
million people are affected and cannot get to work.

"Hopefully it will be resolved soon but the estimates are as short as a day or two to weeks away. The subways are completely shut down and flooded. It's hard to understand this but close to ten million people a day ride the subway . Buses just started running on a limited basis today. The main tunnels to the city are shut down because they have over 12 feet of water in them. These are tunnels that are about 2-3 miles long. Again this effects millions of people every day.

"Along the beaches it's total devastation . Houses are gone and beach boardwalks have disappeared . So far we have over 50 deaths reported and they expect it to be hundred's in a few days.

"In New Jersey where I have a home the devastation is much greater. I live in a condo development on the beach. We had a mandatory evacuation so I left on Sunday and am currently staying with my daughter in Brooklyn where we had minimal damage compared to the rest of the city.

"In my development are of the homes were completely destroyed. I was a little luckier because my apartment is on the second floor. Our beach is gone and the pool area and clubhouse are destroyed. we have an area called Pier Village which is 10 minutes away from me. It has restaurants ,stores and a beautiful beach. In the summer tens of thousands of people come here. IT'S ALL GONE I could go on and on but everyone in our area was not prepared because we never experienced anything like this or thought it was possible . We will pull through this but never forget it. Whole communities are under water and millions of people are stranded but our resolve is strong.

"Have a great day and everyone should give their kids and family a Big Kiss."

Phil Dushey
Global Financial Services
1 State Street New York NY 10004
Philip Dushey
212-480-4900 Ext 5005


"Black Rock Capital in Bridgeport CT still without power. Hope to be back on line today.

"In office and somewhat operational - No phones but we have power and obviously internet - Like the economy we're struggling through it."

George Booth


From Bob Runyon:

Just wanted all my friends in the business to know we are fine. We are the Jersey Shore and I live within feet of the Toms River which, if anyone knows this area, is directly across from the barrier island we all know as Seaside, NJ…which is devastated. They are allowing NO ONE on the barrier islands, I have been told there are Federal agents on the bridge, not even allowing local police to return, don’t know why There is no place on the barrier islands for the Governor to set his helo down. Even he is being denied access.

The little town I live in has fared very well, not so much for the towns immediately surrounding us. There is significant damage and hundreds of thousands maybe still millions who will be without power for a long, long time, maybe as much as an additional week for some. There are hundreds of houses lost, billions of dollars in damage, and that is only here in my little part of the Jersey Shore. We are most fortunate for the friends we have and the community we live in, most of this little town has power and the roads are passible. The tides are receding and then reoccurring as is normal, but each tide brings more debris, which tell the story from down and up river. I saw this morning a 35’ x35‘ section of pier decking that was washed over a four foot fence and has come to rest next to the road, the fence is still standing, so you know how high the tide was…about seven to eight feet. Comically some set up chairs on it ….kind of reminds me of the deck chairs on the Titanic. Most marinas are in chaos, boats are floating askew, some tied to the docks which had broken free and are floating but not tied to anything. Our friends 35’ sail boat road out the storm at anchor as we watched, all they said was glad they had insurance.

The Mantoloking Bridge, which many may know connects Brick NJ to Bay Head NJ, is closed. It was reported a house floated into it and it may have sustained damage, kind of strange to see a house floating in Barnegat Bay, but this I have not confirmed.

There are many fires burning from ruptured gas lines on the barrier islands where houses used to be, but very few if any people can reach that area and if they did what could they do. The amusement rides at Seaside are mostly in the Atlantic Ocean as this time, guess they will not be working any time soon.

If I see more or as time permits I will give you updates.”

Thank you,
Bob Runyon



Wednesday, October 31, 2012

Today's Equipment Leasing Headlines

 Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint
Classified Ads---Controller
 Many East Coast Leasing Companies Back in Operation
  FEMA to Banks and Lenders Re:
   Financial Institutions and Borrowers Affected by Hurricane Sandy
 Route1 Security for One or More Users
  OneWorld Business Finance Up-Dates “Broker-Lessor List”
   Classified Ads---Help Wanted
What Does a Secured Creditor Do When its Secured
 Interest Lapses While the Debtor in Bankruptcy
  By Tom McCurnin
Why I Became a CLP
 Theresa Kabot, CLP, BPB
   90% Drop in Interest Rates since Recession
    Bernese Mountain Dog Mix
     East Hanover, New Jersey
      Classified---Leasing Web Design
       Monday’s Photograph Made Sports Illustrated cover
News Briefs---
Disarray, millions without power in Sandy's wake
   Marlin Leasing Reports $3.4 Million Net Income 3rd Q

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

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
     Baseball Poem
      California Nuts Brief---
       "Gimme 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.

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Radiance Capital, Tacoma, Washington
Bulletin Board Complaint

This is the third complaint against Mike Price and Radiance Capital regarding an Equipment Finance Agreement where Mr. Price claims a purchase option. In this instance, he additionally calls it “salvage value.”

The matter concerns a new 2008 construction trailer with half round end dump which originally cost $38,300 before tax and license. Capital Partners, LLC, Sioux Falls, South Dakota was the broker involved and a cover letter shows no mention of any purchase option (1) and the actual document is an "Equipment Finance Agreement (2).

Gloria D. Neal of LA Trucking, Vinta, Oklahoma has a buyer for the truck and asked for a payoff on September 25, 2012. She received a statement for the remaining payments, a $3,830 purchase option, and $150 agreement transfer fee.

She was referred to Barry Mark, Esq., CLP, who suggested she contact Leasing News and on October 18 wrote:

"We have a buyer for this trailer and that is when I started contacting Radiance Capital to pay off the loan so we could get a title. He is asking for an additional $3830 on top of the loan agreement for a "purchase option" and I haven't found anything in the financing agreement about a purchase option. His next response is the $3830 is for salvage which I also couldn't find in the financing agreement.

Tom Harkreader, who we purchased the trailer from, called Mr. Price earlier this week and got absolutely no information. More mumbo jumbo! He made no guarantee to provide a lien release, even if we offered to send the payoff.'

There are other instances involved, as well as Bernie Boettingheimer, CLP, President of Lease Police, who is working on the previous complaints plus has an open file on the matter, knowing Mr. Price for quite some time.

January 5, 2009 (1) Tom Price (Mike Price's son), purchased Radiance Capital and soon thereafter was charged with $400 million scam, according to the Tacoma News (4) . He and his partner have filed bankruptcy, but there are several lawsuits and other claims

The Prices are known in the Seattle area and Leasing News is told the business reputation is not good. (7/2001) T&W Mike Price charged with evading taxes on $3.2 million yacht. (10/2000) T & W filed Chapter 11. Creditors meeting on 12-4-00 Seattle. Case # 00-10868 US Bankruptcy Court Western District of Wash. 206-553-7545. Debtor Attorney-Marc Barreca 206-623-7580.” (5)

Reportedly those making the complaints to Leasing News have been in contact with the Washington Attorney General’s office.

Mike Price will not return calls to Leasing News, leaving this voicemail:

"I don't want you to call Radiance Capital again. I hope you understand that! "

Bulletin Board Complaint #1
Won't Return $5,000 Security Deposits, Wants Purchase Option on EFA

Bulletin Board Complaint #2
Wants Purchase Option of Equipment Finance Agreement

  1. Capital Partners cover letter to lessee

  1. Radiance Capital Equipment Finance Agreement

  1. Letter from Gloria D. Neal

  2. Tom Price/Hyun Um $200/$400 Million BK with charges of scam
  3. Story of T&W and Price
  4. Mike Price pays nearly a half-million in yacht tax-evasion case

• Contract Negotiations • Fraud Investigations 
• Credit Investigations • Skip-tracing 
• Third-party Commercial Collections
John Kenny 
Receivables Management

For flat fee or commissions basis | ph 315-866-1167|

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)



Classified Ads---Controller

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

Chicago, IL
experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating. 
Southeastern, MI
Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate. 

Southern CA
20 years exp. as hands-on leasing CFO, managing accounting, treasury, FP&A, including securitizations, Great Plains/FRx, budgets, risk management.  MBA.  Also available as interim Controller/CFO, consultant. 

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:


Many East Coast Leasing Companies Back in Operation

FirstEnergy Corp. reported yesterday that more than 1.6 million of its customers in New Jersey, Pennsylvania, Maryland, Ohio and West Virginia were without power early this morning as a result of damage from Hurricane Sandy. While there are areas that remain without electricity, most leasing companies Leasing News contacted were back at work.

Donna Wesemann, Susquehanna Commercial Finance, Malvern, Pennsylvania, email responder on Monday: "Thank you for e-mailing. Due to Hurricane Sandy knocking on our door and the safety of our team being a priority, our offices will be closing on Monday, October 29th at 12:00. Based on how hard our area is hit and when the roads can safely be traveled, we hope to open again on Tuesday, October 30th after 1:00. If immediate assistance is needed, please feel free to call my cell at 484 431 4442. Otherwise, I will respond to your e-mail as soon as possible. "

Tuesday, “Yes, we were able to open today at 1:00. There are a lot of power outages in the area, trees and power lines down but our Malvern location was spared. Business as usual."

The telephone to Marlin Leasing, Mount Laurel, New Jersey, was not working on Monday and Tuesday, but an email was responded late morning, California time: "All Marlin offices are open at this time and our phone numbers are operational."

John Kenny in up-state New York, asked if he had power, responded: "We do. We lost it for about 15 seconds and it came right back on. Millions of others aren't so fortunate. Still crazy winds here but no rain at the moment."

In Manhattan itself, such as CIT is open. Livingston, New Jersey office is closed tomorrow except for key personnel, but all other offices are open according to a posting at

“Due to continued issues caused by the hurricane, our Livingston office remains closed on Wednesday, October 31. All other CIT offices, including Mt. Laurel, NJ, New York, Connecticut and Washington, DC, will be open on Wednesday, October 31."

Companies using "cloud computing" were able to keep their information on line, as most "cloud computing servers" have back-up servers in different geographic areas for such situations. This enables those who access data and networks away from the main office can continue to work with geographic areas not affected by Sandy.

Many companies such as ATEL Capital, San Francisco, California and GreatAmerica Leasing, Des Moines, Iowa, have back-up locations in addition to other systems for such situations as floods and earthquakes, while smaller companies, including brokers and lessors can work from laptops, IPads, and even digital telephones to communicate and view documents.


If there are any readers who want Leasing News to pass on information regarding their situation, please contact: or text 408-828-8407.


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

FEMA to Banks and Lenders Re:
Financial Institutions and Borrowers Affected by Hurricane Sandy

WASHINGTON—The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the agencies) recognize the serious impact of Hurricane Sandy on the customers and operations of many financial institutions and will provide regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions in the affected areas to meet the financial services needs of their communities.

A complete list of the affected disaster areas can be found at

Lending: Bankers should work constructively with borrowers in communities affected by Hurricane Sandy. The agencies realize that the effects of natural disasters on local businesses and individuals are often transitory, and prudent efforts to adjust or alter terms on existing loans in affected areas should not be subject to examiner criticism. In supervising institutions affected by the hurricane, the agencies will consider the unusual circumstances they face. The agencies recognize that efforts to work with borrowers in communities under stress can be consistent with safe-and-sound banking practices as well as in the public interest.

Community Reinvestment Act (CRA): Financial institutions may receive CRA consideration for community development loans, investments, or services that revitalize or stabilize federally designated disaster areas in their assessment areas or in the states or regions that include their assessment areas. For additional information, institutions should review the Interagency Questions and Answers Regarding Community Reinvestment at

Investments: Bankers should monitor municipal securities and loans affected by the hurricane. The agencies realize local government projects may be negatively affected. Appropriate monitoring and prudent efforts to stabilize such investments are encouraged.

Reporting Requirements: Institutions affected by Hurricane Sandy that expect to encounter difficulty submitting accurate and timely regulatory report data for the September 30, 2012, report date should contact their primary federal regulatory agency to discuss their situation. These regulatory reports include the Consolidated Reports of Condition and Income (Call Report) and holding company Y reports. The agencies do not expect to assess penalties or take other supervisory action against institutions that take reasonable and prudent steps to comply with regulatory reporting requirements if those institutions are unable to fully satisfy those requirements by the specified filing deadlines because of the effects of Hurricane Sandy. The agencies' staffs stand ready to work with affected institutions that may be experiencing problems fulfilling their reporting responsibilities, taking into account each institution's particular circumstances, including the status of its reporting and recordkeeping systems and the condition of its underlying financial records.

Publishing Requirements: The agencies understand that the damage caused by the hurricane may affect compliance with publishing and other requirements for branch closings, relocations, and temporary facilities under various laws and regulations. Institutions experiencing disaster-related difficulties in complying with any publishing or other requirements should contact their primary federal regulatory agency.

Temporary Banking Facilities: The agencies understand that many banks face power, telecommunications, staffing and other challenges in re-opening facilities after the hurricane. In cases where operational challenges persist, the appropriate primary federal regulator will expedite any request to operate temporary banking facilities to provide more convenient availability of services to those affected by the hurricane. In most cases, a telephone notice to the primary federal regulator will suffice initially. Necessary written notification can be submitted later.

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



Route1 Security for One or More Users

As more and more work from home in the leasing industry, not just credit, collectors, sales, but other operations, a critical issue of security is being overlooked, according to Tony Busseri, CEO, Route1. He says using "LogMeIn" or "GoToMyPC" is not secure; single password protection is easy for most hackers to breach. He believes using an Internet browser-based connection to remotely access and transfer data is inviting trouble.

As he explains it, Route1 provides a secure situation, in which data is accessible but may not be downloaded externally, transferred or removed in anyway from the host computer. It stays safely protected within the enterprise walls (most often behind the firewall).

Tony Busseri, CEO

"And it is a fallacy that security has to be expensive," Busseri says. "Our customers include one man law offices, five employee companies, 10 person offices, as well as the government, including the border patrol department."

"We enable secure remote access through The Power of MobiNET, our proprietary communications and service delivery platform.

"It employs an identity-based access system that lets employees work from anywhere at any time - without compromising electronic security.

"Encrypted keystrokes and screen images are transferred between the Host, the MobiKEY device and Guest machines using an end-to-end SSL connection. The MobiKEY device provides identity assurance only; it cannot store data. All data and applications continue to reside on the Host computer, behind the organization’s firewall."

A single user device sells for $95.00 and requires a one year software subscription for $300.

More about the company and system is available at:

Mr. Terry Winders available as a consultant regarding assisting attorneys in resolving disputes or explaining procedures or reviewing documents as utilized in the finance and leasing industry.

He is the author of several books, including DVD's, as well as weekly columnist to Leasing News. He also performs audits of leasing companies as an expert on documentation, and has acted as an expert witness on leasing for litigation in legal and tax disputes, including before the IRS. He also has taught the senior bank examiners, how to review a bank leasing department, for the Federal Reserve in Washington D.C. and has trained the examiners for the FDIC on how to prepare a lease portfolio for sale.


(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)



Up-Dates “Broker-Lessor” List

OneWorld Business Finance
(A Leasing Cooperative)
Lou Manitzas
Team Leader
HQ: 512.458.1300 x222

(PP) OneWorld represents its members, primarily with funding sources and also as a direct lender through its lessor entity, OneWorld Business Finance. OneWorld Leasing, Inc. (OneWorld) is a business cooperative created to help independent equipment leasing and finance companies further their common interests and to obtain greater marketing and funding power in the industry. It is made up of 27 broker/lessor members who are diverse both geographically and by product line.

Broker-Lessor” List “A”

Broker-Lessor” List “B”




Leasing Industry Help Wanted


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What Does a Secured Creditor Do When its Secured
Interest Lapses While the Debtor in Bankruptcy

By Tom McCurnin
Barton, Klugman & Oetting

Two Bankruptcy Courts Both Get It Wrong and Reach the Wrong
Results for the Wrong Reason

In re Wilkinson, 2012 WL 1192780 (Bankr. N.D.N.Y. 2012)

In re Miller Brothers Lumber Co., 2012 WL 1601316 (Bankr. M.D.N.C. 2012)

A security interest last five years. But what if it lapses in the middle of a bankruptcy? Is the secured creditor still perfected? Does it have to seek relief from stay to file a continuation statement?

Today’s cases have similar facts, and two Bankruptcy Courts reached two different conclusions and both may have got it wrong.

In Wilkinson, the debtor ran a dairy farm on his mother’s property, and mom held a perfected security interest in the cattle. Later, the Farm Service Agency perfected a security interest in the debtor’s herd. The debtor filed for bankruptcy protection, but a few months into the case, the mother’s perfection lapsed. The Farm Service Agency claimed that, under UCC § 9 322(a)(2), it now had the senior security interest.

The Court sided with mother, incorrectly ruling that a perfected security interest remains perfected in Bankruptcy, even though it has lapsed. The law is clear that a secured creditor can file a continuation statement without resorting to a motion for relief, and it is equally clear that a UCC-1 can lapse while the debtor is in bankruptcy. If the Court’s analysis is correct, that the lapsed UCC-1 is valid in bankruptcy but invalid outside Bankruptcy, then once a party got relief from stay, the lapsed UCC-1 would be worthless. This ruling makes no sense to me.

In Miller, the battle was between the secured creditor and the debtor. There, the secured creditor’s UCC-1 filing lapsed and the Court corrected ruled that it lapsed. So far, so good. But then the Court incorrect elevated the debtor’s interest (as a hypothetical lien creditor) to first position. The ignored the well-settled legal authority that a person who becomes a lien creditor when a security interest is perfected takes subject to that security interest and remains subject to it even if perfection subsequently lapses. See UCC § 9 515 comment 3, ex. 2. See also § 9 317(a); In re Stetson & Assocs., Inc., 330 B.R. 613 (Bankr. E.D. Tenn. 2005).

There are two lessons here:

First, what does a secured creditor do when its security interest is about to lapse while its debtor is in bankruptcy? You probably know the answer by now—file the continuation statement.

Second, secured creditors might want to engage the services of a reputable UCC filing service, which sends alerts when the UCC-1 is near lapsing. Had the secured creditors in both cases been aware of the potential lapse, they wouldn’t have placed themselves in the position of having their security interest being potentially taken away by the Bankruptcy Court.


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
Visit our web site at

WilkensonMiller Case:

Wilkenson Case:

Previous Tom McCurnin Articles:



Why I Became a CLP

Theresa Kabot, CLP, BPB
K2 Funding
Kabot Commercial Leasing LLC

The CLP designation has played a major role in my development as an equipment leasing and financing professional by providing a well-rounded education, a path for continuing education and introducing me to opportunities that have helped me to grow both professionally and personally.

Groundwork: My career in equipment leasing began at a Colonial Pacific Leasing, Portland, Oregon, where the president of the company Jim Merrilees, CLP instilled a corporate culture entrenched in training and cross-training as well as professional development and self-improvement. Classes and ongoing courses were offered through the company as well as via outsourced educational agencies. The topics ranged from building and improving customer service and front-line leadership, to train the trainer and Dun and Bradstreet’s credit and financial analysis course. All employees were encouraged to learn, share knowledge, teach and offer creative solutions for how to do business better. Coursework and its completion were taken seriously and employees were formally recognized by the president for their accomplishments at regular company meetings. Having just graduated from college, this was my first introduction to the importance of continuing education and laid the groundwork which continues to be my foundation.

Personal Challenge: The examples set for me by leaders within the organization is how I initially learned about the Certified Lease Professional designation. When CLP first peaked my interest, certification required five years of industry experience therefore I was not eligible to sit for the exam until 1996. Ironically, achieving the designation was no longer a factor in my advancement opportunities within a corporation as at this same time I had just stepped out on my own and started an equipment financing brokerage in Seattle. However upon reviewing the CLP course content and the body of knowledge, I realized that I still had much to learn and took on took it on as a personal challenge. That spring I applied to take the exam and began studying which included the mentor program where you can work closely with a private tutor who has already been down the path of preparation and knows the material. I am thankful for the time and guidance of my mentor Jim McCommon, CLP. I achieved my Certified Lease Professional designation on October 12th of 1996. What started out as a personal challenge ended up being far more valuable than I would have thought as the CLP designation was of great assistance in securing and maintaining banking and funding relationships for my new business.

Open Doors: The process of certification and continuing education did not stop as I have recertified every four years since with my most recent recertification in October of 2012. Although reexamination is not required, recertification requires CLPs remain active in some aspect of the finance industry and participate in educational activities and seminars which could include involvement in associations like National Equipment Finance Associations (NEFA), National Association of Equipment Leasing Brokers (NAELB) and Equipment Leasing and Finance Association. Part of my recertification qualification over the years has included serving on the United Association of Equipment Leasing (now NEFA) Board of Directors in 2001 and 2002, participation in numerous NEFA and NAELB committees where my company currently maintains membership and as a past and current instructor for the Institute for Leasing Professionals. In addition to membership and conference attendance, I can attest to the fact that being active on industry committees, serving as a director, teaching classes, participating on panels or making literary contributions to publications will connect you with a network of industry leaders and opportunities which contribute to the success of any growing company. The CLP designation opened doors for me in my entrepreneurial experience by lending additional credibility when dealing with investors, funding sources and customers.

If you are a CEO or manager looking for a way to groom your company’s future leaders or if you are looking for a way to enhance your own career advancement potential, whether it be in a corporate environment or as an enterprising business owner, I recommend CLP certification.

Previous “Why I Am a CLP



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

90% Drop in Interest Rates since Recession

The national average interest rate on deposits dropped from 3.3 percent in the beginning of the last recession to 0.3 percent today – a decline of 90 percent in the average yield offered to savers.

SAN ANSELMO, Calif. – The latest analysis from Market Rates Insight ( shows that interest rates on FDIC insured deposits dropped an average of 90 percent in the last five years. In July of 2007, the national average interest rate on deposits was at its pre-recession peak of 3.28 percent. By the end of October of this year, the national average rate for deposits stands at 0.34 percent, which is about 10 percent of what it used to be five years ago.

The decrease in interest rates is across all deposit products. The greatest drop in yield value occurred with the 3-month CD, which dropped from 3.29 percent in July of 2007 to 0.11 percent today – a decrease of 318 basis points, or 97 percent of its yield value. The smallest decline registered with the 5-year CD rate, which dropped 354 basis points or “only” 80 percent of its yield value - from 4.44 percent in July of 2007 to 0.90 percent today.

Interest rate decrease of other deposit products include: checking accounts lost 80 percent in yield value – from 0.43 percent to 0.09 percent; savings accounts lost 85 percent – from 0.79 percent to 0.12 percent; money market accounts lost 90 percent – from 1.13 percent to 0.11 percent; 6-month CD lost 96 percent – from 3.92 percent to 0.17 percent; one-year CD lost 94 percent – from 4.24 percent to 0.26 percent; two-year CD lost 90 percent in yield value – from 4.28 to 0.41 percent and four-year CD lost 84 percent – from 4.31 percent in July of 2007 to 0.70 percent in October of this year.

Dan Geller, Ph.D., Exec. VP

“If the trend of 1 bps monthly decrease in the national average rate on deposits continues in 2013.” said Dan Geller, Ph.D. Executive Vice President at Market Rates Insight, “we are very likely to see “virtual zero” (0.01) interest rates on most deposits accounts by this time next year.”

About Market Rates Insight
Market Rates Insight (MRI, is a reputable provider of competitive-pricing information and analysis to financial institutions. MRI’s competitive data is complete, detailed and timely, which allows for the highest level of pricing precision. Therefore, the use of MRI’s competitive data ensures greater pricing optimization, and subsequently, improved profitability. In addition to competitive-pricing data, MRI also conducts pricing analysis and provides tracking of industry indexes. MRI’s indexes, published weekly in the National Pricing Indicators, are the industry standard for deposit pricing, and are viewed weekly by executives of banks and credit unions through video, audio and print channels.

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



Send Leasing News to a Colleague. We are free!!!


Bernese Mountain Dog Mix
East Hanover, New Jersey


Up-to-Date with Shots
Coat Length: short
Primarily colors: Black, Apricot or Beige

“Leo is a great dog who will came from a high kill facility in the south. He is currently available for adoption!

“Looking for a special type of dog? Become a member for $35 for adult dogs or for puppies and for the next three months we will do our best to locate one for you. Please come down to the shelter and ask the staff for more information.

“You love animals, but can’t adopt? Come on down to the shelter and choose the cat or dog that you would like to sponsor. For as little as $20 per month, you can sponsor a pet and help pay for the cost of their care while they stay at the shelter.”

Leo's Contact Info
Mt. Pleasant Animal Shelter, East Hanover, NJ
Email Mt. Pleasant Animal Shelter
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Classified---Leasing Web Design

Leasing Industry Outsourcing
(Providing Services and Products)

Web Design & Marketing 
Why spend your time and money teaching some marketing firm how the leasing industry works? Leasing websites, secure applications & marketing. DFCO, LLC 
Dana Freeman

All "Outsourcing" Classified ads (advertisers are both requested and responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:




Monday’s Photograph Made Sports Illustrated cover



News Briefs----

Disarray, millions without power in Sandy's wake

Marlin Leasing Reports $3.4 Million Net Income 3rd Q

Why Choose Advanced Property Tax Compliance?

Dedicated to the leasing industry
click here to learn more. 

Hear What Our Clients say about us 
click here

Gary DiLillo, President 440.871.0555 or



You May Have Missed---

The Real Barrier to Tax Reform



SparkPeople--Live Healthier and Longer

SparkPeople--Live Healthier and Longer

Best and Worst Fish Choices





Sports Briefs----

Alex Smith goes 18 of 19 as 49ers romp

San Francisco 49ers coach Jim Harbaugh inspired by San Francisco Giants

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)




Baseball Poem Lawrence Ferlinghetti

"Baseball Canto"

Watching baseball, sitting in the sun, eating popcorn,
reading Ezra Pound,
and wishing that Juan Marichal would hit a hole right through the
Anglo-Saxon tradition in the first Canto
and demolish the barbarian invaders.
When the San Francisco Giants take the field
and everybody stands up for the National Anthem,
with some Irish tenor's voice piped over the loudspeakers,
with all the players struck dead in their places
and the white umpires like Irish cops in their black suits and little
black caps pressed over their hearts,
Standing straight and still like at some funeral of a blarney bartender,
and all facing east,
as if expecting some Great White Hope or the Founding Fathers to
appear on the horizon like 1066 or 1776.

But Willie Mays appears instead,
in the bottom of the first,
and a roar goes up as he clouts the first one into the sun and takes
off, like a footrunner from Thebes.
The ball is lost in the sun and maidens wail after him
as he keeps running through the Anglo-Saxon epic.
And Tito Fuentes comes up looking like a bullfighter
in his tight pants and small pointy shoes.
And the right field bleachers go mad with Chicanos and blacks
and Brooklyn beer-drinkers,
"Tito! Sock it to him, sweet Tito!"
And sweet Tito puts his foot in the bucket
and smacks one that don't come back at all,
and flees around the bases
like he's escaping from the United Fruit Company.
As the gringo dollar beats out the pound.
And sweet Tito beats it out like he's beating out usury,
not to mention fascism and anti-Semitism.
And Juan Marichal comes up,
and the Chicano bleachers go loco again,
as Juan belts the first ball out of sight,
and rounds first and keeps going
and rounds second and rounds third,
and keeps going and hits pay dirt
to the roars of the grungy populace.
As some nut presses the backstage panic button
for the tape-recorded National Anthem again,
to save the situation.

But it don't stop nobody this time,
in their revolution round the loaded white bases,
in this last of the great Anglo-Saxon epics,
in the territorio libre of Baseball.




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This Day in History

     “Mischief Night”, not celebrated as it was when I was a child: on the evening before Halloween and an occasion for harmless pranks, chiefly observed by children. However, in some areas of the US, the destruction of property and endangering of lives has led to the imposition of dusk-to-dawn curfews during the last two or three days of October. Not to be confused with “Trick or Treat,” or “Beggar's Night,” usually observed on Halloween.
    1734- birthday of John Adams, second president of the US (term of office: Mar 4, 1797—Mar 3, 1801), had been George Washington's vice president, and was the father of John Quincy Adams (6th president of the US). Born at Braintree, MA, he once wrote in a letter to Thomas Jefferson: “You and I ought not to die before we have explained ourselves to each other.” John Adams and Thomas Jefferson died on the same day, July 4,1826, the 50th anniversary of adoption of the Declaration of Independence. Adams's last words: “Thomas Jefferson still survives.” Jefferson's last words: “Is it the fourth?”
    1768 -The Wesley Chapel on John Street in New York City was dedicated. It was the first Methodist church building to be erected in the American colonies, and was restored in 1817, and again in 1840.
    1815-Birthday of José Manuel Gallegos was born in Spanish colonial Mexico, in the town of Abiquiú, Nuevo México. Suspended from the priesthood for refusing to accept the authority of French religious superior, Bishop Jean Baptiste Lamy (who became the subject of Willa Cather's novel, Death Comes for the Archbishop), Gallegos put increasing energy into his political life. Subsequently, he was elected to the New Mexico Territorial House of Representatives, served as treasurer of the territory, and was superintendent of New Mexico Indian affairs. Gallegos returned to the U.S. House of Representatives for a second term in 1871.
    1838 -- The Mormon War of Missouri ended when over 200 state militiamen attacked the LDS settlement of Huan's Mill. Eighteen Mormons were killed, and a dozen wounded, in reprisal for Mormon militia attacks on several communities since August of that year. Joseph Smith then led his followers to Illinois.
    1846 - Eighty-seven pioneers were trapped by early snows in the Sierra Nevada Mountains that piled five feet deep, with 30 to 40 foot drifts. Just 47 persons survived the "Donner Pass Tragedy".
    1850 - City Hospital, owned by Dr. Peter Smith, was destroyed by fire. There were nearly 150 sick and helpless patients there, but they were rescued. Loss was $40,000. His claims against the city for services to the indigent later totaled $64,431. He sued and forced the city to sell real estate. It took years to settle the clouded titles to these lands.
    1862-Yellow fever hits the Union Army .Union General Ormsby MacKnight Mitchell, commander of the Department of the South, is one of those who dies; at Beaufort, South Carolina. Born in Kentucky in 1809, Mitchell grew up in Lebanon, Ohio. He attended West Point and graduated in 1829 along with future Confederate leaders Joseph Johnston and Robert E. Lee. When the war erupted in 1861, Mitchell used his West Point education as a brigadier general in the Army of the Ohio under General Don Carlos Buell and participated in operations in Kentucky and Tennessee in 1862. Mitchell also directed raids into northern Alabama, capturing Huntsville in April 1862. Mitchell was a critic of the "soft war," or limited approach, of many northern generals, and his actions made him a target of conservative northern newspapers. Advocating a tougher stance against Southern civilians and the institution of slavery, he confiscated the property of prominent Confederates and protected slaves who escaped to his lines well before the practice was mandated by Federal policy. In July 1862 he was named commander of the Department of the South. He moved to headquarters on the Sea Islands of South Carolina, where he oversaw the building of schools and homes for slaves in the captured territory. This movement, begun by his predecessor, General David Hunter, is considered the first experiment in the reconstruction of the South. However, Mitchell's death from yellow fever cut short his participation in the experiment.
    1864- Nevada became the 36th state. Anxious to have support of the Republican-dominated Nevada Territory for President Abraham Lincoln's reelection, the U.S. Congress quickly admits Nevada as the 36th state in the Union. In 1864, Nevada had only 40,000 inhabitants, considerably short of the 60,000 normally required for statehood. But the 1859 discovery of the incredibly large and rich silver deposits at Virginia City had rapidly made the region one of the most important and wealthy in the West. The inexpert miners who initially developed the placer gold deposits at Virginia City had complained for some time about the blue-gray gunk that kept clogging up their gold sluices. Eventually several of the more experienced miners realized that the gunk the gold miners had been tossing aside was actually rich silver ore, and soon after, they discovered the massive underground silver deposit called the Comstock Lode. The decisive factor in easing the path to Nevada's statehood was President Lincoln's proposed 13th Amendment banning slavery. Throughout his administration Lincoln had appointed territorial officials in Nevada who were strong Republicans, and he knew he could count on the congressmen and citizens of a new state of Nevada to support him in the coming presidential election and to vote for his proposed amendment. Since time was so short, the Nevada constitutional delegation sent the longest telegram on record up to that time to Washington, D.C., containing the entire text of the proposed state constitution and costing the then astronomical sum of $3,416.77.Their speedy actions paid off with quick congressional approval of statehood and the new state of Nevada did indeed provide strong support for Lincoln. On January 31, 1865, Congress approved the 13th Amendment to the U.S. Constitution banning slavery. 
    1864- The town of Helena, Montana, is founded by four gold miners who struck it rich at the appropriately named "Last Chance Gulch." The first major Anglo settlement of Montana had begun just two years before in the summer of 1862, when prospectors found a sizeable deposit of placer gold at Grasshopper Creek to the west. When other even richer deposits were soon discovered nearby, a major rush began as tens of thousands of miners scoured the territory in search of gold. In 1864, four prospectors spotted signs of gold in the Helena area while on their way to the Kootenai country, but they were eager to reach the reportedly rich gold regions farther to the north and did not to stop. But after striking out on the Kootenai, they decided to take "one last chance" on finding gold and returned. When the signs turned out to mark a rich deposit of placer gold, they staked their claims and named the new mining district Last Chance Gulch. Eventually, Last Chance Gulch would prove to be the second biggest placer gold deposit in Montana, producing some $19 million worth of gold in just four years. Overnight, thousands of miners began to flood into the region, and the four original discoverers added to their fortunes by establishing the town of Helena to provide them with food, lodging, and supplies. But unlike many of the early Montana mining towns, Helena did not disappear once the gold gave out, which it inevitably did. Located on several major transportation routes, well supplied with agricultural products from an adjacent valley, and near to several other important mining towns, Helena was able to survive and grow by serving the wider Montana mining industry. In 1875, the city became the capital of Montana Territory, and in 1894, the capital of the new state of Montana.
    1872- Emily Post was born at Baltimore, MD. Published in 1922, her book Etiquette: The Blue Book of Social Usage instantly became the American bible of manners and social behavior and established Post as the household name in matters of etiquette. It was in its 10th edition at the time of her death Sept 25,1960, at New York, NY. Etiquette inspired a great many letters asking Post for advice on manners in specific situations. She used these letters as the basis for her radio show and her syndicated newspaper column, which eventually appeared in more than 200 papers.
    1882-Birthday of William “Bull” Halsey, American admiral and fleet commander who played a leading role in the defeat of the Japanese in the Pacific naval battles of WWII, William Halsey was born at Elizabeth, NJ. In April 1942, aircraft carriers under his command ferried Jimmy Doolittle's B-25s to within several hundred miles of Japan's coast. From that location the aircraft were launched from the decks of the carriers for a raid on Tokyo. In October 1942, as commander of all the South Pacific area, Halsey led naval forces in the defeat of Japan at Guadalcanal, and in November 1943, he directed the capture of Bougainville. He supported the landings in the Philippines in June 1944. In the great naval battle of Leyte (Oct 23—25,1944
    1888-The ball-point pen was patented by John J. Loud of Weymouth, MA. The patent was on a pen having a spheroidal marking point capable of revolving in all directions.
    1893-Birthday of Charles Atlas, bodybuilder born Angelo Siciliano at Acri, Italy. Atlas created a popular mail order bodybuilding course, pegged to his own youthful troubles as a “97-lb weakling.” The legendary sand-kicking episode used later in advertising for his course occurred at Coney Island when a lifeguard kicked sand in Atlas's face and stole his girlfriend. There generations of comic book fans read his advertisements. Died at Long Beach, NY, December 24, 1942
    1893-After a rousing success, the Columbian Exposition held “American Cities Day” Oct 28, and Chicago Mayor Carter Harrison gave a speech before the visiting mayors. This was the highlight of the greatest new technology in America and hope was the economy would turn around. After he arrived home, Harrison's doorbell rang. When the mayor answered the door he was shot by Patrick Eugene Pendergast, who had been disappointed when his request for a Position with the city as corporation counsel was turned down. Instead of the elaborate ceremony that had been planned to close the exposition on Oct 30, a single speech was given and the flags lowered to half-mast.
    1894- Daniel M. Cooper of Rochester, NY, received a patent for a card time recorder. The employee pressed a lever on the machine to record the time on specially printed cards divided by horizontal lines into seven equal spaces for the days of the week. The recorder, known as the Rochester, was manufactured by the Willard and Frick Manufacturing Company.
    1917-The first US Navy chaplain who was Jewish was Rabbi David Goldberg of Corsicana, TX, who was appointed with the rank of lieutenant. He was advanced to lieutenant commander on January 1,1938, and retire don March 1, 1941.
    1919--BUTTON, WILLIAM ROBERT Medal of Honor
Rank and organization: Corporal, U.S. Marine Corps. Entered service at: St. Louis, Mo. Born: 3 December 1895, St. Louis, Mo. G.O. No.: 536, 10 June 1920. Citation: For extraordinary heroism and conspicuous gallantry and intrepidity in actual conflict with the enemy near Grande Riviere, Republic of Haiti, on the night of 31 October_l November 1919, resulting in the death of Charlemagne Peralte, the supreme bandit chief in the Republic of Haiti, and the killing, capture and dispersal of about 1,200 of his outlaw followers. Cpl. William R. Button not only distinguished himself by his excellent judgment and leadership but also unhesitatingly exposed himself to great personal danger when the slightest error would have forfeited not only his life but the lives of the detachments of Gendarmerie under his command. The successful termination of his mission will undoubtedly prove of untold value to the Republic of Haiti. 
    1925-Birthday of tenor sax player/composer/arranger/producer Teo Macero, Glens Falls, NY.
    1930 – The great trumpet player Clifford Brown Birthday .Died June 26, 1956
    One of his finest albums:

    1930 -- Duke Ellington records "Mood Indigo".
    1935- Woody Herman cuts first vocals with Isham Jones Band
    1938- “War of the Worlds” was broadcast as part of a series of radio dramas based on famous novels, Orson Welles with the Mercury Players produced H.G. Wells's War of the Worlds. Near panic resulted when listeners believed the Simulated news bulletins, Which described a Martian invasion of New Jersey, to be real. People went into a panic as they believed the world was invaded and the end was near.
    1941-The U.S. destroyer “Reuben James” was torpedoed and sunk off the coast of Iceland by a German submarine during the night of October 30-31. Some 100 lives were lost. It was the first American warship to be sunk in the war. Despite the passage of “Lend Lease” in support of Britain and other “free” countries in Europe, congress and the United States did not want to enter a war they thought “European.” This attitude lost many lives and war preparation. The fact is December 8th the US declared war against Japan due to its sneak attack at Pearl Harbor, which wiped out most of the Pacific Navy force. On December 11, in obvious collusion, Germany and Italy declared war against the U.S. and Congress adopted a resolution recognizing a state of war.
    1945- June Christy, with Stan Kenton, records “Just A-Sittin' and A-rockin'.
    1946—Top Hits
Five Minutes More - Frank Sinatra
South America, Take It Away - Bing Crosby & The Andrews Sisters
Rumors are Flying - The Frankie Carle Orchestra (vocal: Marjorie Hughes)
Divorce Me C.O.D. - Merle Travis
    1952 -- When his original guitarist has a stroke just before a New Year's Eve gig, popular St. Louis boogie-woogie pianist Johnnie Johnson hires for his group The Sir John's Trio a 26-year old hairdresser named Chuck Berry
    1954 ---Top Hits
Hey There - Rosemary Clooney
Shake, Rattle and Roll - Bill Haley & His Comets
Smile - Nat King Cole
More and More - Webb Pierce
    1960--The Elvis Presley LP "G.I. Blues" enters the Billboard Hot 200, where it will rise to number one and stay there for six weeks. It will finally fall of the chart 111 weeks later, making it the longest charting album of Elvis' career. 
    1962---Top Hits
Monster Mash - Bobby “Boris” Picket
He's a Rebel - The Crystals
Only Love Can Break a Heart - Gene Pitney
Mama Sang a Song - Bill Anderson
    1962--Elvis Presley's 11th film, Girls! Girls! Girls! premiered in Honolulu, Hawaii.
    1963 - The Beatles return from a tour of Sweden to find 50,000 screaming fans waiting for them at London's Heathrow Airport, the surest proof yet that Beatlemania is a national phenomenon. Waiting at the airport is American TV host Ed Sullivan, who notices the furor. "Who are those guys?" he asks a bystander, who tells him they are "England's foremost singing group." Having never heard them, Sullivan nevertheless immediately contacts manager Brian Epstein to book the band for three appearances on his CBS show early in 1964.
    1964 -Ray Charles is arrested at Boston's Logan Airport for possession of heroin, his third drug since 1958. The singer is ordered to rehab in order to avoid jail time.
    1964- Joan Baez sings three songs with Bob Dylan at tonight's concert in New York: "Mama, You Been On My Mind," "With God On Our Side," and "It Ain't Me, Babe." 
    1964--The Supremes achieve their second Billboard number one single with "Baby Love". Just four months earlier, other artists at Motown Records referred to them as "the no-hit Supremes." 
    1964 - Roy Orbison went gold with his hit single, "Oh, Pretty Woman".
    1964-Twenty-two-year-old Cassius Clay, who later changed his name to Muham­mad All, became world heavyweight boxing champion by defeating Sonny Liston. All was well known for both his fighting ability and his personal style. His most famous saying was “I am the greatest!” Convicted of vio­lating the Selective Service Act in 1967, he was stripped of his title; the Supreme Court reversed the decision, though, in 1971. Au was the only fighter to win the heavyweight boxing title three separate times (and he defended that title nine times) until Evander Holyfield defeated Mike Tyson in 1996.
    1965 - Fort Lauderdale, FL, was deluged with 13.81 inches of rain, which brought their rainfall total for the month of October to an all-time record of 42.43 inches. (30th-31st)
    1966--WILLIAMS, JAMES E. Medal of Honor
Rank and organization: Boatswain's Mate First Class (PO1c.), U.S. Navy, River Section 531, My Tho, RVN, Place and date: Mekong River, Republic of Vietnam, 31 October 1966. Entered service at: Columbia, S.C. Born: 13 June 1930, Rock Hill, S.C. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. PO1c. Williams was serving as Boat Captain and Patrol Officer aboard River Patrol Boat (PBR) 105 accompanied by another patrol boat when the patrol was suddenly taken under fire by 2 enemy sampans. PO1c. Williams immediately ordered the fire returned, killing the crew of 1 enemy boat and causing the other sampan to take refuge in a nearby river inlet. Pursuing the fleeing sampan, the U.S. patrol encountered a heavy volume of small-arms fire from enemy forces, at close range, occupying well-concealed positions along the river bank. Maneuvering through this fire, the patrol confronted a numerically superior enemy force aboard 2 enemy junks and 8 sampans augmented by heavy automatic weapons fire from ashore. In the savage battle that ensued, PO1c. Williams, with utter disregard for his safety exposed himself to the withering hail of enemy fire to direct counter-fire and inspire the actions of his patrol. Recognizing the overwhelming strength of the enemy force, PO1c. Williams deployed his patrol to await the arrival of armed helicopters. In the course of his movement his discovered an even larger concentration of enemy boats. Not waiting for the arrival of the armed helicopters, he displayed great initiative and boldly led the patrol through the intense enemy fire and damaged or destroyed 50 enemy sampans and 7 junks. This phase of the action completed, and with the arrival of the armed helicopters, PO1c. Williams directed the attack on the remaining enemy force. Now virtually dark, and although PO1c. Williams was aware that his boats would become even better targets, he ordered the patrol boats' search lights turned on to better illuminate the area and moved the patrol perilously close to shore to press the attack. Despite a waning supply of ammunition the patrol successfully engaged the enemy ashore and completed the rout of the enemy force. Under the leadership of PO 1 c. Williams, who demonstrated unusual professional skill and indomitable courage throughout the 3 hour battle, the patrol accounted for the destruction or loss of 65 enemy boats and inflicted numerous casualties on the enemy personnel. His extraordinary heroism and exemplary fighting spirit in the face of grave risks inspired the efforts of his men to defeat a larger enemy force, and are in keeping with the finest traditions of the U.S. Naval Service.
    1967--*PITTS, RILEY L. Medal of Honor
Rank and organization: Captain, U.S. Army, Company C, 2d Battalion, 27th Infantry, 25th Infantry Division. Place and date: Ap Dong, Republic of Vietnam, 31 October 1967. Entered service at: Wichita, Kans. Born: 15 October 1937, Fallis, Okla. Citation: Distinguishing himself by exceptional heroism while serving as company commander during an airmobile assault. Immediately after his company landed in the area, several Viet Cong opened fire with automatic weapons. Despite the enemy fire, Capt. Pitts forcefully led an assault which overran the enemy positions. Shortly thereafter, Capt. Pitts was ordered to move his unit to the north to reinforce another company heavily engaged against a strong enemy force. As Capt. Pitts' company moved forward to engage the enemy, intense fire was received from 3 directions, including fire from 4 enemy bunkers, 2 of which were within 15 meters of Capt. Pitts' position. The severity of the incoming fire prevented Capt. Pitts from maneuvering his company. His rifle fire proving ineffective against the enemy due to the dense jungle foliage, he picked up an M-79 grenade launcher and began pinpointing the targets. Seizing a Chinese Communist grenade which had been taken from a captured Viet Cong's web gear, Capt. Pitts lobbed the grenade at a bunker to his front, but it hit the dense jungle foliage and rebounded. Without hesitation, Capt. Pitts threw himself on top of the grenade which, fortunately, failed to explode. Capt. Pitts then directed the repositioning of the company to permit friendly artillery to be fired. Upon completion of the artillery fire mission, Capt. Pitts again led his men toward the enemy positions, personally killing at least 1 more Viet Cong. The jungle growth still prevented effective fire to be placed on the enemy bunkers. Capt. Pitts, displaying complete disregard for his life and personal safety, quickly moved to a position which permitted him to place effective fire on the enemy. He maintained a continuous fire, pinpointing the enemy's fortified positions, while at the same time directing and urging his men forward, until he was mortally wounded. Capt. Pitts' conspicuous gallantry, extraordinary heroism, and intrepidity at the cost of his life, above and beyond the call of duty, are in the highest traditions of the U.S. Army and reflect great credit upon himself, his unit, and the Armed Forces of his country. 
    1967 – The Supreme Court upholds the contempt-of-court convictions of Dr. King and seven other black leaders who led the 1963 marches in Birmingham. Dr. King and his aides enter jail to serve four-day sentences. "I must confess that over the last few years I have been gravely disappointed with the white moderate. I have almost reached the regrettable conclusion that the Negro's great stumbling block in the stride toward freedom is not the White Citizen's Council-er or the Ku Klux Klanner, but the white moderate who is more devoted to "order" than to justice; who prefers a negative peace which is the absence of tension to a positive peace which is the presence of justice; who constantly says "I agree with you in the goal you seek, but I can't agree with your methods of direct action;" who paternalistically feels he can set the timetable for another man's freedom; who lives by the myth of time and who constantly advises the Negro to wait until a "more convenient season." Shallow understanding from people of goodwill is more frustrating than absolute misunderstanding from people of ill will. Lukewarm acceptance is much more bewildering than outright rejection." — Dr. Reverend Martin Luther King, Jr., "Letter from the Birmingham Jail", 1963
    1967 -- Benefit at the Fillmore for KPFA radio station. Pink Floyd and the Sopwith Camel performed.
    1970---Top Hits
I'll Be There - The Jackson 5
We've Only Just Begun - Carpenters
Fire and Rain - James Taylor
Run, Woman, Run - Tammy Wynette
    1970---James Taylor's album "Fire and Rain" is certified Gold just as the single reaches #3 in the US. 
    1972 -- Worst US rail accident in 14 years; 45 die in Chicago.
    1972---THORNTON, MICHAEL EDWIN Medal of Honor
Rank and organization: Petty Officer, U.S. Navy, Navy Advisory Group. Place and date: Republic of Vietnam, 31 October 1972. Entered service at: Spartanburg, S.C. Born: 23 March 1949, Greenville, S.C. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while participating in a daring operation against enemy forces. PO Thornton, as Assistant U.S. Navy Advisor, along with a U.S. Navy lieutenant serving as Senior Advisor, accompanied a 3-man Vietnamese Navy SEAL patrol on an intelligence gathering and prisoner capture operation against an enemy-occupied naval river base. Launched from a Vietnamese Navy junk in a rubber boat, the patrol reached land and was continuing on foot toward its objective when it suddenly came under heavy fire from a numerically superior force. The patrol called in naval gunfire support and then engaged the enemy in a fierce firefight, accounting for many enemy casualties before moving back to the waterline to prevent encirclement. Upon learning that the Senior Advisor had been hit by enemy fire and was believed to be dead, PO Thornton returned through a hail of fire to the lieutenant's last position; quickly disposed of 2 enemy soldiers about to overrun the position, and succeeded in removing the seriously wounded and unconscious Senior Naval Advisor to the water's edge. He then inflated the lieutenant's lifejacket and towed him seaward for approximately 2 hours until picked up by support craft. By his extraordinary courage and perseverance, PO Thornton was directly responsible for saving the life of his superior officer and enabling the safe extraction of all patrol members, thereby upholding the highest traditions of the U.S. Naval Service.
    1974- Muhammad Ali regained the heavyweight title by knocking out defending champion George Foreman in the eight round of a fight in Kinshasa, Zaire, first heavyweight championship fight ever held in Africa. Ali was named fighter of the year1976 by Ring magazine.
    1975- Winger Johnny Bucyk of the Boston Bruins scored the 500th goal of his career in a 3—2 Bruins' victory over the St. Louis Blues. Bucyk finished his career with 556 goals and entered the Hockey Hall of Fame in 1981
    1975--Queen's "Bohemian Rhapsody" was released as a single. It would stay on the chart for seventeen weeks, nine of them at number one and would eventually go platinum. The song would be re-released in December, 1991 after being featured in the movie Wayne's World and became a hit all over again. 
    1976 - Elvis Presley makes his last recording, singing Jim Reeves' "He'll Have To Go" over a pre-recorded backing track in the Jungle Room of his Graceland home.
    1976 -Dr. Joseph H. Evans was elected president of the United Church of Christ. It made him the first African-American leader of this predominantly white denomination.
    1976 - The group, Chicago, started its second (and final) week at number one on the pop singles charts with, "If You Leave Me Now". The hottest LP was Stevie Wonder's "Songs in the Key of Life". The album was number one for a total of 14 weeks.
    1976 -Jane Pauley becomes news co-anchor of the Today Show.
    1978---Top Hits
Hot Child in the City - Nick Gilder
You Needed Me - Anne Murray
Reminiscing - Little River Band
Let's Take the Long Way Around the World - Ronnie Milsap
    1979-Richard Arrington elected first Black mayor of Birmingham, Alabama.
    1984 - Barry Manilow opened at Radio City Music Hall, New York. His concerts sold out to the tune of $1.9 million, besting (by $100,000) the record set by Diana Ross.
    1984 - Dan Ackroyd and John Belushi, aka The Blues Brothers (Jake and Elwood), hit the two-million-dollar sales mark with their LP, "Briefcase Full of Blues".
    1986---Top Hits
True Colors - Cyndi Lauper
Typical Male - Tina Turner
I Didn't Mean to Turn You On - Robert Palmer
Cry - Crystal Gayle
    1987 - Halloween was a wet one in the southwestern U.S. Heavy rain in southern California resulted in numerous mudslides. Weather-related auto accidents resulted in three deaths and twenty-five injuries. Mount Wilson CA received 3.14 inches of rain in 24 hours. Yakima WA reported measurable rainfall for the first time since the 18th of July. The 103 day long dry spell was their longest of record.
    1989 - Halloween night was a soggy one in New England. Showers in the northeastern U.S. produced more than an inch and a half of rain in six hours at some locations. An invasion of cold arctic air brought an abrupt end to a week of "Indian Summer" type weather in the Great Lakes Region, and brought snow and subzero wind chill readings to the Northern Plains. In Colorado, Alamosa was the cold spot in the nation with a record low of two degrees above zero, and a Halloween night storm brought 3 to 6 inches of snow to the Front Range, and 5 to 10 inches to the nearby foothills. Icy streets around Denver the next morning made for a rather spooky commute.
    1996- IBM subsidiary Lotus said it would include a Web browser in its Lotus Notes software, a popular groupware program that allowed users to share data and collaborate on documents. The browser would allow users to store Web pages and work with them offline. In a surprise takeover, IBM had purchased Notes in July 1995, in an attempt to shore up its offerings in networking and Internet software. The takeover was the largest-ever deal for a software company. Companies such as System1,later to become CapitalStream, partnered with Lotus notes and offered a “seamless” technology from application to funding and documents via the Web through Nation's Capital ( never got off the prototype stages as leasing companies fought having their documents shared in System1 software.)
    2001- Matt Williams becomes the first player in World Series history to hit home runs with three different teams. He homered in the Fall Classic for the Indians in 1997 and the Giants in 1989.
    2000 - Napster announces a deal with entertainment giant BMG to make its illegal file-sharing software into a paid subscription service.
    2011- The World Champion Cardinals announced that Tony La Russa, the team's manager for the past 16 seasons, has decided to retire. The 67-year old skipper, who is only 35 games behind John McGraw on the all-time list for second place for games won, compiled a 2,728–2,365 (.536) managerial record during his 33 seasons with the White Sox, A's and St. Louis.
    2011 -The World Champion Cardinals announced that Tony La Russa, the team's manager for the past 16 seasons, has decided to retire. The 67-year old skipper, who is only 35 games behind John McGraw on the all-time list for second place for games won, compiled a 2,728–2,365 (.536) managerial record during his 33 seasons with the White Sox, A's and St. Louis.




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