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Leasing News is a web site that posts information, news, and entertainment for the commercial leasing and finance industry. The News Edition is updated Monday, Wednesday and Friday.

Top Commissions Paid To Top Guns

Seeks success-minded independent sales contractors with 3+ yrs equipment finance/leasing sales experience to generate lower to middle market transactions under a very generous commission sharing plan. Please contact us for more details.
Contact Scott Lesnettt, or
Al Hosack,
MidAtlantic Financial, Inc., in business 21 years

Thursday, September 1, 2011

Today's Equipment Leasing Headlines

Balboa Capital, Irvine, California joins
 Companies who notify lessee in advance of lease expiration
  and require their discounter to also notify lessee in advance
   Classified Ads---Senior Management
    Welcome New Readers
  Leasing Company Hurricane Irene Reaction
Letters---We get eMail!
    Placard---The Shredder
     Classified Ads---Help Wanted Highlights
    HP Going after Cloud Computing
  Wireless Network Investment to Top $53 Billion
    Hugh Swandel---Chris Walker Chicago Marathon---Up-Date
  Larry Randall, Arvest Equipment Finance, New CLP
    Fleet Financing Resources Increase/Renewal Lines of Credit
     Irvine, California---Adopt a Dog
   Labor Day Special DVD's
     by Fernando Croce
       Classified ads— Finance / Human Resources
News Briefs---
Failed Bank Up-Date
  HP's One Year Plan
    Cisco---Interview with a Hacker
Dale Kluga, Cobra Capital, Big Bank Toxic Credit Cards
  In India, New Investments down 55%
25 CEO who earned more than their company paid in Fed. Taxes
   'Dancing with the Stars' reveals its latest batch of celebs
      Dancing with the Stars’ Partner Pairing
        Redbox's golden opportunity: higher Netflix prices

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

  You May have Missed---
California Nuts Briefs---
         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.

(July/August Deals List Now Available)



Balboa Capital, Irvine, California joins
Companies who notify lessee in advance of lease expiration
and require their discounter to also notify lessee in advance

Balboa Capital Corp.
Contact: Robert J. Rasmussen, COO tel.949-399-6344 fax.949-224-2744
$1,000 - $5,000,000

A -Accepts Broker Business | B -Requires Broker be Licensed |
C -Sub-Broker Program| D -"Private label Program"
| E - Also "in house" salesmen

"Our lease documentation is very specific on the end of term options for our customers. We do have a notification process prior to the end of term for all fair market value transactions and we do not charge renewals for $1 and fixed options transactions."
    Phil Silva

Full List:


Classified Ads--- Senior Management


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


25+ yrs exper. management roles Chase, AT&T Capital, Heller Financial, SFS. Develop biz from “scratch to success”. Looking for challenging & pioneering job.

Philadelphia, PA
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.
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:


Welcome New Readers

While most who read Leasing News go to the web site first, many still join our mailing list. Our goal is a Monday-Wednesday-Friday edition, three times a week. This does change when we think there is a "slow news day" or a holiday interrupts the schedule, as it will this Monday for Labor Day. Then we go to Tuesday and Thursday, usually; sometimes a Wednesday and Friday.

Normally when I go on vacation, it is cut back to a Tuesday and Thursday edition. This September the two weeks beginning the 19th will be a vacation where I will not be editing or writing articles for Leasing News, but Associate Publisher Rick Jones will take on these duties. He has been with Leasing News going on two years and does all the web formatting and posting. He also is an ex-newsman, graphic designer and photographer; since August, 2008, Publisher,, covering Stanford Cardinal athletics, primarily football, basketball, baseball and football recruiting.

We welcome the new readers and hope you enjoy and find informative Leasing News.

Kit Menkin, Editor



Leasing Company Hurricane Irene Reaction

Florence, South Carolina

Chris Raley
First Source Funding, Inc.
First Source Business Finance, LLC

“Pretty much a non-event here. A couple of inches of rain, a little wind. The only real problem the storm created for me is what I am going to do with all of the Sambuca we stocked up on.”


Owings Mills, Maryland

Allan Levine

“Maryland is two stories. If one were on the Eastern shore, you were way more affected than in Baltimore and the surrounding counties. And, that part of the state had some serious issues. My office in Northwest Baltimore is unaffected. On the humor side, Maryland is a panic stricken state at the first word of snow, or potential anything. Not that one should not have feared the hurricane warnings, but pandemonium usually occurs in Maryland about 4 days in advance of any warning (mention) with stores being stripped of all water, bread, space food, hiking food, and anything that looks or sounds non perishable. Needless to say, batteries, candles, and rope also disappear. My wife went to a local hardware large chain store and could not find a cart. That was about 7 days ago.”

“In short, all is well that ends well, and Maryland, West of the Chesapeake, is at worst suffering the cleanup of leaves and some without power. Again, I am not making lightly of the event, but like a bit of levity after a not so bad event. That is at least here.

“My best wished for the many who have major damage in other areas.”


Pine Beach, New Jersey

Bob Runyon
Capital Agreements Corp.

“Well it is Monday morning and all is returning to normal. Lots of tree limbs and a few trees down, high water and a few boats tossed around but all in all nothing like what we prepared for. We were high and dry the entire storm, with no damage or power outage. Friends who live in a bit lower locations have water up to their houses and I suspect in many crawl spaces, but that is what they are there for.

“FYI, news this morning said there are presently 2 MILLION people without power in the north east and many expect to be without power for up to a week.

“Vermont suffered a lot of damage, but my daughter who is pretty far north, almost in Canada, said they experienced very little rain and very little wind.”


New York, New York

Phil Dushey
Global Financial Services

“Just wanted to give you a first hand report about the hurricane. Most of the people in New York never experienced a hurricane and had no way to judge what was coming. I live half the year in New Jersey and the other half in Brooklyn.

“My residence in New Jersey is on the beach and we had a mandatory evacuation notice to leave. Everybody was glued to the TV and they were predicting a major devastation of property. Frankly they had us scared to death. My office is in downtown New York and was also in a mandatory evacuation area as well.

“All the airports were shut down a day before the hurricane and all public transportation were shut down as well. In short the city was at a standstill waiting for the devastation.

“In New Jersey in my area close to 1,000,000 lost power myself included. In Brooklyn we were okay. We experienced a lot of flooding but nothing as serious as they predicted. In Battery Park where my office is located had some flooding but it was not that bad. The hurricane finally arrived and yes we had a lot of wind gusts and very heavy rainfall but very little damage. It started around 11 PM Saturday night and ended about 11 AM on Sunday and then the sun came out. I took a drive to see what happened and it was not that serious as we all expected. I think the media hyped it too much but that's easy to say after the hurricane.

“I must say the city was very well prepared. New Yorkers are very resilient and if this ever happened again we would have hurricane parties all over the city.

“The strangest thing was that the day before the hurricane it was 85 and sunny and I was playing golf and as soon as it ended the sun came out and they are predicting great weather all week. Well we are all alive and well and business is back to normal."


Letters---We get eMail!

American Bank Leasing No Longer Funding New Business

"You are a newsman and it is a fair article."

Jim Doster
Bulldog Asset Management
(Former president of American Bank Leasing, sold interest, continues as president at Bulldog Asset Management. Editor)


Companies Who Do Not Notify Lessee regarding termination
nor have such a standard for their discounters

“Absolutely Kit, 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.

Chris Walker Lovefest Cedar Rapids, Iowa August 20, 2011

"For those of you who do not know Kit and the wonderful service he provides the equipment Leasing/Financing world, He has been a trusted adviser to those who read his blog.

Thanks, Alan

Alan J. Schwab
Executive Director-Sales & Marketing
Dynamic Recovery Services, Inc.

Five Point Capital joins Evergreen Notification List

"Thanks for the post Kit! Reading about high-integrity leaders like Greg Wells gives me hope for the future of our industry. Kudos to the good folks at Five Point."

Michael Wright
Regional Manager
OneSource Financial Corp.

1932 Ford

Top Car, according to

“When lenders or Vendors came to Atlanta from 1992 through 2004 my daily driver car and I picked them up at the airport and what fun .They always asked how quick it was and yes you could really burn rubber. The front tires I used belonged to The VW beetle in order to handle the enclosed sheet metal. 1948 Chevy .Nova front clip /Cammaro rear Chevy 350 bored out in rebuild to almost 400 mild street cam flow masters air automatic. All completely dechromed and door handles removed with hand actuators." 0 to 60" in two gas stations.

“Never any road rage just a wave at us…Those cars you showed are wonderful reminders of style and color. Nobody had a grey car then. We all could tell make, model, and year at a moment's notice.

“As a side note tied up 20k and got it back after 15 years of use and 75k mileage. Nickname NATS Neil's Atlanta Transportation System! Now look at what is across the street from my office and you will enjoy this.”

Thank you
Neil Roth
Key Credit Corp.
Roswell, Georgia

1948 Chevy

Allan Levine

"I must have missed something. Whatever it is, as I said before, I get a lot of leasing news from all sorts of organizations, groups, blogs, etc. You name it. Your news is the only one playing no favorites, cuts through the chase, and deliveries what one wants to read and needs to know. And, you raise enough questions about the industry to make one think, not read and absorb.

"You’re my leasing newsman."

Allan Levine,
Chief Operating Officer

Ted Parker Passes Away, age 75

"It was saddening news, but thanks for letting us know about Ted Parker. I recall many enjoyable moments and long conversations with Ted (any conversation with Ted had the potential to become a long one).

One of the things I seem to remember, the operative word being seem, and which would not likely be well known anymore is that when he was still with First Interstate Bank, sometime back in the mid-1970s, is that he’d actually composed on something called a typewriter and constructed in a loose-leaf binder, one of the first primers on the leasing industry. If I search my attic, I may still have a yellowed old copy in its suede-styled cover.

When I think of the many people I’d gotten to know from my own leasing days, Ted never failed to be one who’d come readily to mind. As Rick Wilbur said, one of the 'good guys.'

Hal T. Horowitz
Financial Pro Solutions




Send Leasing News to a Colleague. We are “Free.” Highlights

HP Going after Cloud Computing

Aug. 18 was the day Hewlett-Packard announced the most wide-ranging corporate restructuring in its history. It was the day the company disclosed that it: a) decided to shutter its highly touted webOS hardware division (tablets and smartphones); b) is dumping its personal computer division; and c) is acquiring a U.K.-based enterprise software company, Autonomy, to help lead it back to the Promised Land of cloud computing and Web services. HP is showing a lot of faith in 15-year-old Autonomy, the second-largest pure software company ($7 billion market cap) in Europe behind Germany's SAP. Its customers include T-Mobile, Exxon, Toyota, Nestle, McGraw-Hill, General Motors, Federal Express, Sony, Kaiser Permanente, the U.S. Department of Defense and a number of other Fortune 1000 enterprises. This is a historic change for 72-year-old HP, one that founders Bill Hewlett and David Packard might not have signed off on if they were alive to have a say about it. But these changes are in the works and it remains to be seen who will come out on top—and who will not.

Wireless Network Investment to Top $53 Billion by 2016

By:Nathan Eddy

The $53 billion figure assumes a scenario in which U.S. carriers invest more rapidly and start to produce 4G-based offerings before global competitors gain traction.

Wireless telecommunications companies in the United States could invest $25 billion to $53 billion in 4G cellular wireless networks between 2012 and 2016, triggering $73 billion to $151 billion in gross domestic product growth and creating 371,000 to 771,000 jobs, according to a report from Deloitte. Additional growth could occur as high-tech companies create new mobile broadband products and services, further changing the way people live, work and learn.

The report, “The Impact of 4G Technology on Commercial Interactions, Economic Growth, and U.S. Competitiveness,” investigates the economic dynamics surrounding 4G technology and explains how the United States can maintain the global leadership position in mobile broadband innovation it won during the 3G era.

The $25 billion figure assumes a baseline scenario in which U.S. 4G deployment proceeds at a moderate pace and the transition from 3G to 4G extends to the middle of the decade. Under these conditions, U.S. firms are vulnerable to incursions by foreign competitors capitalizing on aggressive efforts in their home markets to deploy 4G networks and develop 4G-based devices and services.

The $53 billion figure assumes a scenario in which U.S. carriers invest more rapidly in 4G networks and start to produce popular 4G-based offerings before global competitors gain traction. In this scenario, the demand stimulated by new offerings justifies more network investment, setting off a virtuous cycle of investment and market response that positions the United States to retain its mobile broadband leadership.

“Investment in such a powerful form of communication contributes to the economic recovery and provides a job-creating engine for the future,” said Phil Asmundson, vice chairman and U.S. media and telecommunications sector leader of Deloitte. “The key to harnessing the potential benefits of 4G technology lies in America’s market-driven wireless sector, which encourages the emergence of innovative applications that spur productivity and could produce the same surge of innovation and demand we experienced during the 3G era.”

The report also noted rapid adoption of cloud computing further enables the United States to take full advantage of 4G’s potential impact by allowing developers and entrepreneurs to analyze the market’s response to new applications, content, solutions and business models—cheaper and quicker.

“Cloud computing will allow handheld devices to be more compact and efficient while making them tremendously more useful and powerful,” Asmundson said. “Applications, storage and computing power all can largely reside in the cloud, but only if connectivity is robust, reliable and secure. The benefits of 4G and cloud go beyond the telecom sector. Together, 4G and cloud technologies support the kind of entrepreneurial ecosystem that has made the United States a mobile broadband leader.”

The advent of high-performance wireless capacity, coupled with cloud infrastructure and other advances, is proliferating new offerings and capabilities that exceed what has been possible with 3G technology, the report notes. In addition to consumers, a variety of U.S. end-user industries, including nonprofit and government entities, are likely to use devices and services incorporating the capabilities of 4G technology to better serve their customers, patients, clients and students. This includes applications such as augmented reality for businesses, machine-to-machine technology involving the use of sensors and actuators, and the development of smart highways.


Leasing Industry Help Wanted

Executive Director of Sales
Laguna Hills, CA

Base Salary, performance bonuses, sales overrides, full benefits
Require excellent track record of integrity based performance with strong leadership skills for business development. 
Manage existing sales force. Optimize diverse array of financial products and solutions. Execute sales enablement strategies. Trusted advisor on executive team.

  “STRADA Capital has been raising the standard for excellence in financial solutions for over 10 years.  Our success stems from our
unwavering commitment to our customer’s success”

Brad Kissler,, 949-789-8850, ext.222

Top Commissions Paid To Top Guns

Seeks success-minded independent sales contractors with 3+ yrs equipment finance/leasing sales experience to generate lower to middle market transactions under a very generous commission sharing plan. Please contact us for more details.
Contact Scott Lesnettt, or
Al Hosack,
MidAtlantic Financial, Inc., in business 21 years

Looking for seasoned sales professionals with 5+ years experience closing both Equipment Leasing Transactions and Merchant Cash Advance Transactions
---New leads daily generated through our marketing efforts, and call center. Base salary plus commission, includes daily abundance of marketing leads.
West Los Angeles, CA
Emma 310.447.3460 ext. 319


Chief Credit Officer St. Cloud, Minnesota

10+ Years Exp. Key Management or
lending role in leasing industry
Click here for more information
Our partners, Harvest Land Cooperative and its financial division AgQuest Financial, provides strength and resources that allow us to offer competitive rates and specialized service that comes from a small-company atmosphere.


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

Please see our Job Wanted section for possible new employees.


Hugh Swandel---Chris Walker Chicago Marathon---Up-Date

Here is the latest in Hugh Swandel, The Alta Group, Chicago Marathon to raise funds for Chris Walker, Great America Leasing, Certified Leasing Professional Foundation Chairman and director on the board at the National Equipment Finance Association.

(This is a static graphic, to go to the site "live," please click on the URL below or copy and paste into your browser).



Larry Randall, Arvest Equipment Finance, New CLP

The Board of Directors of the CLP Foundation would like to extend its congratulations to the Equipment Leasing and Finance Industry’s newest Certified Lease Professional. The letters "CLP" behind his name is a visible recognition of his experience in the industry and his professional achievement in having passed the CLP Exam.

Larry Randall, CLP
Arvest Equipment Finance
Fort Smith. AR

The CLP Foundation is the official governing body for the Certified Lease Professional ("CLP") Program. The CLP designation sets the standard for professionalism in the leasing industry. This designation identifies and recognizes individuals within the leasing industry who have demonstrated their competency through continued education, testing and conduct. The letters "CLP" behind their name represent a visible recognition of this professional achievement and status. The CLP Program is the only recognized certification program in the entire world wide equipment leasing and finance industry.

We invite you to visit our site -- for detailed information about the CLP Foundation and the CLP Program. For further information about our Mentor Program and Anonymity Program please contact:

Cynthia W. Spurdle
Executive Director
CLP Foundation
PH: 610/687-0213
FAX: 610/687-4111


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



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

Fleet Financing Resources Increase/Renewal with Wells Fargo Equipment Finance Inc.

Riverside, CA – Fleet Financing Resources (FFR), previously known as A-Z Resources, LLC., announces that they have renewed their vendor program financing agreement with Wells Fargo Equipment Finance Inc. (WFEFI). Initiated in 2003, the renewal also includes a $10 million increase in the total discretionary guidance amount.

“We have extended the maturity of our credit facility with WFEFI thru August of 2012 and increased the credit line from $58 million to $68 million. Of the $68 million credit line, $28 million is provided via an Ultimate Net Loss Pool facility” reported Dave Reynolds, President and Chief Operating Officer of Fleet Financing Resources. “Over the years, Fleet Financing Resources has secured numerous vendor programs from top tier lenders and WFEFI continues to be our premier partner as a result of their outstanding performance and overall excellence.”

Fleet Financing Resources specializes in the financing and leasing of new/used titled transportation equipment. Since 2002, Fleet Financing Resources has been successful in providing finance solutions to over 2,500 businesses nationwide. FFR offers a broad funding menu of products and services tailored to each client’s specific needs.

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

John Kenny Receivables Management

• End of Lease Negotiations & Enforcement

• Fraud Investigations
• Credit Investigations • Asset Searches
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|


Irvine, California-- Adopt-a-Dog

BIDDY - ID#A073022

Shelter staff named me BIDDY.
I am a spayed female, black Chihuahua - Smooth Coated mix.
The shelter staff thinks I am about 3 years old.
I have been at the shelter since Jun 11, 2011.

Shelter Staff made the following comments about this animal:
I'd like to be your very own "welcome waggin'". I'll greet you with joy and my entire body will wiggle with happiness every time you come home. I like other dogs and I walk nicely for strolls in the park.

Back For more information about this animal, call:
Irvine Animal Care Center at (949) 724-7740
Ask for information about animal ID number A073022

Irvine Animal Care Center
6443 Oak Canyon
Irvine, CA 92618
(949) 724-7740

Come Meet our Pets
Hours of operation:
Weekdays 12:00 - 7:00pm
Weekends 10:00am - 5:00pm
Closed Tuesdays & Holidays

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet


Leasing News: Labor Day Special
By Fernando F. Croce

With Labor Day just around the corner, we offer a cinematic salute to every man and woman who ever had a particularly harrowing day at the office. Check out these vintage and modern classics at Netflix.

Modern Times (Charles Chaplin, 1936): What better figure to celebrate work than Chaplin’s legendary Little Tramp? In the comic genius’ last silent film, Chaplin’s unforgettable character is a harried factory worker who’s driven crazy by the many machines controlling his life. A magnet for trouble, the Little Tramp goes from one scrape to another as he’s mistaken for a street agitator, foils a jail break, goes through a variety of jobs, and falls for a poor, orphaned girl (Paulette Goddard). Defying contemporary Hollywood’s conventions, Chaplin uses sound effects instead of voices to create a remarkable fusion of balletic humor and Depression-era desperation. The scene in which the Little Tramp plays guinea pig for a berserk feeding machine is just one of the film’s classic comic highlights.

On the Waterfront (Elia Kazan, 1954): Arguably the most respected picture in director Elia Kazan’s long and controversial career, this Best Picture Oscar winner also gave Marlon Brando one of his most unforgettable roles. Brando stars as Terry Malloy, a former boxer now eking out a living as a longshoreman, taking orders from thuggish union boss (Lee J. Cobb). In the face of rampant brutality, and after persuasion from a crusading priest (Karl Malden) and a murdered worker’s sister (Eva Marie Saint), however, Terry’s impassivity leads to a decision that will change his life forever. Stocked with gritty detail and brilliant scenes (including Brando’s legendary I-could-have-been-a-contender speech with Rod Steiger), Kazan’s explosive account of corruption, violence and redemption is served up with a visual and emotional intensity that continues to endure.

Blue Collar (Paul Schrader, 1978): Though responsible for writing the screenplays for many of Martin Scorsese’s greatest movies (“Taxi Driver,” “Raging Bull”), Paul Schrader also has a respectable career as a director of risky films. This, his first, may also be his strongest, a stirring and powerful look at the struggles of a trio of employees at a Detroit auto factory. Jerry (Harvey Keitel), Zeke (legendary comedian Richard Pryor, in a knockout serious performance) and Smokey (Yaphet Kotto) are friends whose indignation at the corrupt bosses and work conditions of their car plant leads them to a crime that grows even more complicated once the local union gets involved. An entertaining drama that still manages to ask hard-hitting questions, this is a tough, underrated slice of working-class life.

Norma Rae (Martin Ritt, 1979): Sally Field won her first Oscar for her strong performance in this acclaimed tale of underdog grit. Field plays Norma Rae, a tough Alabama woman who works under harsh conditions at a local textile mill. The pay is low, the shifts are long, and the machines are dangerous, yet she works diligently and without question. It’s only when she meets a union leader from New York (Ron Lieberman) that she starts to demand better conditions for her and her fellow workers. Unfortunately, her struggle also brings her trouble with her friends and family, including her husband (Beau Bridges). Director Martin Ritt, a veteran of social-conscience pictures like “Hud,” brings a vividly detailed sense of people and environment, along with excellent performances, to this inspiring drama.

Office Space (Mike Judge, 1999): The workplace has often been subject to satire, though rarely with as much hilarious venom as in this wicked tale of cubicle stress and liberation. Peter (Ron Livingston) is a low-wattage software engineer whose job includes endless commutes, dreary co-workers, and arrogant bosses. His life takes a sudden turn when, as the result of a visit to a hypnotherapist, Peter enters a state of serene mischief that allows him to embrace his inner rebel. Asking himself “why not,” he starts arriving late at work, paying less attention to his projects, and leaving early to visit his girlfriend (Jennifer Aniston). That his new attitude somehow makes him more valuable to the company is one of the many unpredictable touches in director Mike Judge’s sharp cult comedy.



Classified ads— Finance / Human Resources

Leasing Industry Outsourcing
(Providing Services and Products)

Finance: Chicago, IL
Experienced in big ticket origination, syndication, valuation and workout.
Twenty five years, MBA, CPA,
JD, LLM (Tax), structuring specialist. Inbound and outbound transactions.
Transaction Summary | The Lechner Group
Finance: Naperville, IL
Your guide to the right questions and answers in finance. Expert in capital raising, GAAP, acquisitions, lease economics. CPA. MBA.
Finance: Charlotte, NC
15 Years of Equipment Leasing Experience and Recruiting with Business Aviation niche. Visit us at
Human Resource Consultant: New York, NY
Employee Relations, Recruiting, Benefits, employee customer surveys, plus payroll administration "ON-LINE" services-- AND IN PERSON at your location Please visit:
Information System: North Detroit, MI
INFOLEASE EXPERT - 18 years experience.  Since being downsized in 2002, working as a consultant for several leasing companies.
Seeking consulting projects nationwide.
Finance: New York, NY
“Think Outside the Bank”. Barrett Capital is a merchant banking and consulting firm, specializing in asset based financing: equipment, vehicles, receivables and real estate.


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:

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

News Briefs---

Failed Bank Up-Date

HP's One Year Plan

Cisco---Interview with a Hacker

Dale Kluga, Cobra Capital, Big Bank Toxic Credit Cards and not lending on fair terms to small business
(depending on your connection speed, Bloomberg may be a minute download)

In India, New Investments down 55%

25 CEO who earned more than their company paid in Fed. Taxes

Redbox's golden opportunity: higher Netflix prices

'Dancing with the Stars' reveals its latest batch of celebs

Dancing with the Stars’ Partner Pairing


You May Have Missed---

Steve Jobs: Exit the King


California Nuts Briefs---

California is Honda's stronghold


Please send to a colleague---Leasing News is Free

This Day in American History

    1676 - Nathaniel Bacon led an uprising against English Governor William Berkeley at Jamestown, Virginia, resulting in the settlement being burned to the ground. Bacon's Rebellion came in response to the governor's repeated refusal to defend the colonists against the Indians.
    1772-- Mission San Luis Obispo de Tolosa forms in California, the fifth mission established by Father Junipero Serra.
    1773--Phillis Wheatley's Poems on Various Subjects, Religious and Moral was published in London England. Wheatley's collection was the first volume of poetry by an African-American poet to be published. Often called the "Black Prodigy," she was approximately twenty-one at the time.
    1791-Birthday of Lydia Sigourney, U.S. writer of more than 67 books and a thousand articles. Recognized as one of the most popular writers of her day, much of her work was concerned with the womanly morals of the day. Before her marriage she ran a school in Hartford, Connecticut, only writing seriously after her husband's business crumbled. Known as the "Sweet Singer from Hartford," her poems were much sought after by many national publications making her one of the most popular poets of her day.
    1807-Aaron Burr was acquitted of treasons by a circuit court in Richmond, VA., on the grounds that he was not present when an overt act was committed. Pres. Thomas Jefferson, having been warned of Burr's activities with respect to annexation of Spanish territory, had issued a warning on November 27, 1806, to all citizens forbidding any expedition against Spanish territory. Burr had been arrested in Alabama on February 19 and indicted on June 24 on charges of treason.
    1819- Revolutionizing farming, the first plow with interchangeable parts was patented by John Jethro Wood of Poplar Ridge, NY. His plow substituted cast iron for the wooden moldboard, landside, and standard.
    1836--- A wagon train of Presbyterian missionaries, led by pioneer missionary Dr. Marcus Whitman, reached the site of modern Walla Walla, WA. Whitman's wife Narcissa became the first white woman to cross the North American continent. In 1847, both Marcus and Narcissa Whitman and 12 others were killed by Indians in what became known as the Whitman Massacre.
1836--Reconstruction begins on Synagogue of Rabbi Judah Hasid in Jerusalem.
    1849-A California convention called by the territory governor, Gen. Bennett Riley, met in Monterey. The convention created a state government without waiting for congressional Acton. On October 20, the delegates adopted a constitution. On November 13 the constitution was ratified by California voters, and a governor and legislative representatives were chosen. Slavery was prohibited.
    1849-Birthday of Elizabeth Harrison, American educator who founded the influential Chicago Kindergarten College in Chicago. She also helped in founding the forerunner of the National Congress of Parents and Teachers.
    1859 - The Pullman sleeping car, built by George Pullman's company, Chicago, Illinois, with help from Ben Field, was put into service on the Chicago and Alton Railroad between Bloomington and Chicago. It was “Old No. 9”. It was a reconstructed day coach, little more than half the length of present coaches. Except for the wheels and axles, it was constructed almost entirely of wood. The roof was flat and low. The seats were adamantine. Two small wood burning stoves furnished heat. The illumination was furnished by candles. There was a small lavatory at each end. The drinking faucet supplied water to a non-enclosed washbasin. There were 10 upper and 10 lower berths with mattresses and blankets, but no sheets. The upper berth was suspended about halfway between the floor and ceiling at night, and by day, was drawn up to the ceiling by pulleys
    1852-Gold dust to the amount of $29,195,965 was shipped East from
San Francisco so far this year. The gold rush was in its heights.
    1863--- RR & ferry connection between SF & Oakland inaugurated
    1864 - The Charlottetown Conference began on Prince Edward Island, representing the first steps toward Canadian confederation.
1864 - In the American Civil War, the Confederates under Gen. John Hood abandoned the city of Atlanta. It was occupied by Gen. Sherman the next day. Controversy exists today about who started the fires. According to local historians, it was the Confederates on their way out of town not wanting to leave supplies and food stuff for the conquering Union Army. However, it should be noted that when Sherman left a town, he did the same thing, burning it so new occupiers could not take advantage of what was left behind. He did this in his march to the Mississippi River particularly. It was General Grant's aim to cut off the supplies to the Confederates from Europe from ships on the East Coast and barges going up the Mississippi River. Atlanta was also the terminal for the Western and Atlantic Railroad, a vita city to the South. (lower half of: )
    1866-Birthday of James John “Gentleman Jim” Corbett, boxer born at San Francisco, CA. Corbett boxed 61 rounds against Peter Jackson on May 21,1891, to no decision, but the fight got him a match with heavyweight champion John L. Sullivan. This fist, on September 7,1892, was the first governed by the Marquis of Queensbury Rules and the first in which the fighters used gloves. Corbett decisioned Sullivan in 21 rounds, using the jab, the punch he invented. Died at Baysie, NY, Feb. 18, 1933.
    1867-Robert T Freeman was the first Black to graduate from Harvard Dental School. Inexplicably, this honor is sometimes erroneously attributed to Dr. George F. Grant, also an African American dentist and Harvard graduate, who in 1899 designed and patented the first golf tee.
    1872-The first nurse to receive formal training was Linda Ann Judson Richards, first in a class of five to register as a student nurse at Training School of the New England Hospital for Women and Children, Roxbury, MA. The school offered a one year program in medical, surgical and obstetric nursing. After graduation, Richards served as night superintendent at Bellevue Hospital, New York City, and as superintendent of the Training School of the Massachusetts General Hospital, Boston, MA. The first trained nurse who was African-American was Mary Eliza Mahoney, who graduated in 1979 form the same program.
    1875 -- Edgar Rice Burroughs born, Chicago, Il., well-known author, land developer of Tarzana, California, and mayor of California Beach, California. During World War II Burroughs served at the age of 66 as a war correspondent in the South Pacific. He died of a heart ailment on March 19, in 1950.
    1878-Emma Nutt reportedly began her professional career in Boston, Massachusetts becoming the first woman telephone operator and continued working as a telephone operator for some 33 years. Previously all operators had been men.
    1887 - A patent was file for by Emile Berliner for his invention, the lateral-cut, flat-disk gramophone; better known as the record player. Emile got the patent, but the glory went to Thomas Edison for making his American invention work.
    1894 - A forest fire driven by high winds burned down the town of Hinkley, MN, killing 418 persons.
    1895-the first municipal subway was the Tremont Street Subway, Boston, MA, begun on March 28,1895 and opened for traffic this day. The subway was built by the City of Boston at a cost of $4,369,000 and leased to the Boston Elevated Railway at an annual rent of 4.5 percent of construction cost. This was also the first time that a subway was built with a shallow tunnel instead of a deep tunnel.
    1897 - Hailstone drifts six feet deep were reported in Washington County, IA.
    1904-Birthday of Johnny Mack Brown, football player and well-known cowboy actor born at Dothan, AL. Brown played at the University of Alabama and starred on Coach Wallace Wade's undefeated 1925 team that defeated Washington in the 1926 rose bowl, 20-19. Brown took a screen test and acted in several dramatic films before appearing in the first of more than 300 westerns, many played on early television in the 1950's (no residuals.) He died at Woodland Hills, CA. November 14, 1974.
    1906 - -- In the longest game in American League history, the Philadelphia Athletics, of the American League, saw pitcher Jack Coombs go 24 innings. The Athletics would defeat the Boston Red Sox. 4-1. Both starters go the distance as A's hurler Jack Coombs bests Boston's Joe Harris.
    1908--Birthday of Este, Lauder, American entrepreneur. In 1946 she founded the huge beauty and cosmetic company that bears her name and expanded her enterprises with such products as Clinique allergy-tested cosmetics and Aramis men's products. By the early 1970s, the company had evolved into a one-hundred million dollar enterprise with all the stock held by the family.
    1914-Bloomington, MI is deluged with 9.78 inches of rain in 24 hours to establish a state record.
    1916-Congress passed “an act to prevent interstate commerce in the products of child labor,” basically become the first federal child labor law, effective this day. On June 3, 1918, it was declared unconstitutional by the Supreme Court as an invasion of states' rights.
    1922-the first daily news program began broadcasting on station WBAY, New York City.
    1923-Birthday of Rocky Marciano, boxer born Rocco Francis Marchegiano at Brocton, MA. Marciano used superb conditioning to fashion an impressive record that propelled him to a fight with Jersey Joe Walcott for the heavyweight title on September 23, 1952. Marciano knocked Walcott out, and in 1956 he retired as the only undefeated heavyweight champion. Died in a plane crash at Newton, IA, August 31, 1969.
    1925-Benjamin D. Chamberlin of Washington, DC received a patent to make glass light bulbs by machine, “ an apparatus for gathering glass and the treatment thereof on blowpipes.” Electric light bulbs previously were hand blown. The first frosted electric light bulb for commercial distribution was invented by Marin Pipke of Incandescent Lamp Department of the General Electric Company at Nela Park, OH. He received a patent on October 16, 1928. The first sodium vapor light were installed on June 13,2933 on the Balltown Road, near Schenectady, NY by the General Electric Company and the New York Power and Light Company. The lamps were monochromatic and glowed in one color, giving 2.5 times the light output of incandescent lamps of the same wattage. The lamp wattage was about 80 to 90 watts and the light output about 4,000 lumens. The first successfully developed fluorescent lamp was made by Arthur Compton at the General Electric Company in Schenectady, NY, in 1934.
    1929--Birthday of Ila Fox was licensed as Iowa's first woman pilot. To finance her flying lessons, she dressed in a snappy rendition of the classic aviator costume of boots, trousers and leather jacket to promote the Curtis Flying Service.
    1932-- NYC Mayor James J. "Gentleman Jimmy" Walker resigns (graft charges). The subject of a state investigation of charges of corruption, he resigned on September 1, 1932 before the hearings closed. At the same time, he was causing a scandal over his affair with actress Betty Compton. Walker left for Europe, divorced his wife and married Compton. The couple lived abroad until 1935, when they returned to New York. In 1940, Mayor Fiorello La Guardia, whom Walker had defeated in 1928, named him as arbitrator for the garment industry and "Gentleman Jimmy" became a popular figure on the lecture circuit. Bob hoped played Walker in a 1957 movie, "Beau James."
    1925-alto sax player Art Pepper, born Gardena, CA.
    1933 -- Songster Conway Twitty, born as Harold Jenkins, Friars Point, Mississippi.
    1939 -Germany invaded Poland with 1.8 million troops, beginning World War II. The invasion took place one week after the governments of Germany and the Soviet Union signed a secret pact of non-aggression. Two days after the invasion, England and France declared war on Germany. Australia, New Zealand an South Africa soon following with their own declarations. Poland overwhelmed by German air and land power, was in German and Soviet hands before the month concluded.
1939 -- Comedian Lily Tomlin birthday, born Detroit Michigan. Funny that Emma Nutt became the first female telephone operator this day in 1978. She was the telephone operator “Ernestine” in “Laugh In.”
    1941-The first city parking garage was designed by Hassel T. Hicks and opened this day in Welch, WV. It accommodated 232 cars and showed a profit the first year.
    1942 - A federal judge in Sacramento, California, upheld the wartime detention of Japanese-Americans as well as Japanese nationals.
    1944 - The movie Arsenic and Old Lace, starring Cary Grant, opened in New York.
    1945 - The United States received official word of Japan's formal surrender that ended World War II. In Japan, it was actually September 2nd.
    1947 - Barry Gibb of the Bee Gees is born in Douglas, Isle of Man, U.K.
    1948 - For the Love of Mary, a musical-comedy starring Deanna Durbin and Edmond O'Brien, opened in U.S. theaters. Uncomfortable with the fame that came from her popular films, this was Durbin's last film. Durbin, known as "Winnipeg's Sweetheart", her first screen kiss made international headlines. Wanting to "live a normal life," Durbin secluded herself in France. For over 35 years she has resisted every approach from film companies. Her husband, a film director, told journalists, "The late Mario Lanza pleaded with her for years to make a film with him. But she will never go back to that life." Durbin has not granted an interviewed since 1949.
    1949 - On NBC-TV "Martin Kane, Private Eye" debuted. Airing on Thursday nights, the show starred William Gargan. "Martin Kane" was a cool, wisecracking mover and shaker who worked closely with the police. He was headquartered at Happy McMann's tobacco shop.
    1951--Top Hits
Because of You - Tony Bennett
Come on-a My House - Rosemary Clooney
Shangai - Doris Day
Always Late (With Your Kisses) - Lefty Frizzell
Rank and organization: First Lieutenant, U.S. Army, Company F, 38th Infantry Regiment. Place and date: Vicinity of Am-Dong, Korea, 1 September 1950. Entered service at: Clinton, Okla. Birth: Vian, Okla. G.O. No.: 8, 16 February 1951. Citation: 1st Lt. Henry, Company F, distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. His platoon was holding a strategic ridge near the town when they were attacked by a superior enemy force, supported by heavy mortar and artillery fire. Seeing his platoon disorganized by this fanatical assault, he left his foxhole and moving along the line ordered his men to stay in place and keep firing. Encouraged by this heroic action the platoon reformed a defensive line and rained devastating fire on the enemy, checking its advance. Enemy fire had knocked out all communications and 1st Lt. Henry was unable to determine whether or not the main line of resistance was altered to this heavy attack. On his own initiative, although severely wounded, he decided to hold his position as long as possible and ordered the wounded evacuated and their weapons and ammunition brought to him. Establishing an l-man defensive position, he ordered the platoon's withdrawal and despite his wound and with complete disregard for himself remained behind to cover the movement. When last seen he was single-handedly firing all available weapons so effectively that he caused an estimated 50 enemy casualties. His ammunition was soon expended and his position overrun, but this intrepid action saved the platoon and halted the enemy's advance until the main line of resistance was prepared to throw back the attack. 1st Lt. Henry's outstanding gallantry and noble self-sacrifice above and beyond the call of duty reflect the highest honor on him and are in keeping with the esteemed traditions of the U.S. Army.
    1951-STORY, LUTHER H. Medal of Honor
Rank and organization Private First Class, U.S. Army, Company A, 9th Infantry Regiment, 2d Infantry Division. Place and date: Near Agok, Korea, 1 September 1950. Entered service at: Georgia. Born: 20 July 1931, Buena Vista, Ga. G.O. No.: 70, 2 August 1951. Citation: Pfc. Story distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. A savage daylight attack by elements of 3 enemy divisions penetrated the thinly held lines of the 9th Infantry. Company A beat off several banzai attacks but was bypassed and in danger of being cut off and surrounded. Pfc. Story, a weapons squad leader, was heavily engaged in stopping the early attacks and had just moved his squad to a position overlooking the Naktong River when he observed a large group of the enemy crossing the river to attack Company A. Seizing a machine gun from his wounded gunner he placed deadly fire on the hostile column killing or wounding an estimated 100 enemy soldiers. Facing certain encirclement the company commander ordered a withdrawal. During the move Pfc. Story noticed the approach of an enemy truck loaded with troops and towing an ammunition trailer. Alerting his comrades to take cover he fearlessly stood in the middle of the road, throwing grenades into the truck. Out of grenades he crawled to his squad, gathered up additional grenades and again attacked the vehicle. During the withdrawal the company was attacked by such superior numbers that it was forced to deploy in a rice field. Pfc. Story was wounded in this action, but, disregarding his wounds, rallied the men about him and repelled the attack. Realizing that his wounds would hamper his comrades he refused to retire to the next position but remained to cover the company's withdrawal. When last seen he was firing every weapon available and fighting off another hostile assault. Private Story's extraordinary heroism, aggressive leadership, and supreme devotion to duty reflect the highest credit upon himself and were in keeping with the esteemed traditions of the military service.
    1952-SMITH, DAVID M. Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company E, 9th Infantry Regiment, 2d Infantry Division. Place and date: Near Yongsan, Korea, 1 September 1950. Entered service at: Livingston, Ky. Born: 10 November 1926, Livingston, Ky. G.O. No.: 78, 21 August 1952. Citation: Pfc. Smith distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action. Pfc. Smith was a gunner in the mortar section of Company E, emplaced in rugged mountainous terrain and under attack by a numerically superior hostile force. Bitter fighting ensued and the enemy overran forward elements, infiltrated the perimeter, and rendered friendly positions untenable. The mortar section was ordered to withdraw, but the enemy had encircled and closed in on the position. Observing a grenade lobbed at his emplacement, Pfc. Smith shouted a warning to his comrades and, fully aware of the odds against him, flung himself upon it and smothered the explosion with his body. Although mortally wounded in this display of valor, his intrepid act saved 5 men from death or serious injury. Pfc. Smith's inspirational conduct and supreme sacrifice reflect lasting glory on himself and are in keeping with the noble traditions of the infantry of the U.S. Army.
    1952-Television's longest running daytime variety show as hosted by Art Linkletter. This blend of talk and audience participation started on radio. In 1968 the show was renamed the “Linkletter Show” and moved from the afternoon to a morning slot. The series was well known for its daily interview with four schoolchildren. Later Art Linkletter had a separate show, “Kids say the ‘darnest” things.”
    1955-temperature at Los Angeles, CA reached 110 degrees, the hottest on record for that city
    1955-Alan Freed's First Anniversary Rock 'n Roll Party kicks off at the Paramount Theater in Brooklyn, New York. Among those appearing on the bill are Chuck Berry, Tony Bennett, The Nutmegs, The Rhythmettes, The Cardinals and The Four Voices.
    1955 - Herman Wouk's novel, Marjorie Morningstar, was published in New York by Doubleday.
    1956 -- Elvis Presley shares his success with his family by purchasing his mother a pink Cadillac.
    1957 -- Singer Gloria Estefan born Havana, Cuba.
    1959--Top Hits
Sea of Love - Phil Phillips
Sleep Walk - Santo & Johnny
I'm Gonna Get Married - Lloyd Price
The Three Bells - The Browns
    1962-Tommy Roe had his first number one hit when "Sheila" reached the top of the US Pop chart. The record was a re-recorded version of a song that was first released in 1960 when Roe was part of a group called The Satins. Roe's recording success would continue until 1971, during which time he had five more Top 10 hits.
    1967-Guitarist Boz Scaggs joins the San Francisco based Steve Miller Band. Scaggs stays with the group through two albums ("Children of the Future" and "Sailor") before heading out on a solo career in 1969.
    1967--Top Hits
Ode to Billie Joe - Bobbie Gentry
Pleasant Valley Sunday - The Monkees
Baby I Love You - Aretha Franklin
I'll Never Find Another You - Sonny James
    1968-JONES, WILLIAM A., III Medal of Honor
Rank and organization: Colonel, U.S. Air Force, 602d Special Operations Squadron, Nakon Phanom Royal Thai Air Force Base, Thailand. Place and date: Near Dong Hoi, North Vietnam, 1 September 1968. Entered service at: Charlottesville, Va. Born: 31 May 1922, Norfolk, Va. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Col. Jones distinguished himself as the pilot of an A-1H Skyraider aircraft near Dong Hoi, North Vietnam. On that day, as the on-scene commander in the attempted rescue of a downed U.S. pilot, Col. Jones' aircraft was repeatedly hit by heavy and accurate antiaircraft fire. On one of his low passes, Col. Jones felt an explosion beneath his aircraft and his cockpit rapidly filled with smoke. With complete disregard of the possibility that his aircraft might still be burning, he unhesitatingly continued his search for the downed pilot. On this pass, he sighted the survivor and a multiple-barrel gun position firing at him from near the top of a karst formation. He could not attack the gun position on that pass for fear he would endanger the downed pilot. Leaving himself exposed to the gun position, Col. Jones attacked the position with cannon and rocket fire on 2 successive passes. On his second pass, the aircraft was hit with multiple rounds of automatic weapons fire. One round impacted the Yankee Extraction System rocket mounted directly behind the headrest, igniting the rocket. His aircraft was observed to burst into flames in the center fuselage section, with flames engulfing the cockpit area. He pulled the extraction handle, jettisoning the canopy. The influx of fresh air made the fire burn with greater intensity for a few moments, but since the rocket motor had already burned, the extraction system did not pull Col. Jones from the aircraft. Despite searing pains from severe burns sustained on his arms, hands, neck, shoulders, and face, Col. Jones pulled his aircraft into a climb and attempted to transmit the location of the downed pilot and the enemy gun position to the other aircraft in the area. His calls were blocked by other aircraft transmissions repeatedly directing him to bail out and within seconds his transmitters were disabled and he could receive only on 1 channel. Completely disregarding his injuries, he elected to fly his crippled aircraft back to his base and pass on essential information for the rescue rather than bail out. Col. Jones successfully landed his heavily damaged aircraft and passed the information to a debriefing officer while on the operating table. As a result of his heroic actions and complete disregard for his personal safety, the downed pilot was rescued later in the day. Col. Jones' profound concern for his fellow man at the risk of his life, above and beyond the call of duty, are in keeping with the highest traditions of the U.S. Air Force and reflect great credit upon himself and the Armed Forces of his country.
    1969—Birthday of “Chicken Boy,” saved from destruction May 4, 1984. Chicken Boy is a 22 foot statue of a boy with a chicken's head, holding a bucket of chicken. Formerly the mascot for the restaurant for which he is named, he was rescued from destruction when the restaurant went out of business by Future Studio of Los Angeles, a graphic design studio. Chicken Boy has since become a pop culture Icon in Southern California ( some call him the Statute of Liberty of Los Angeles.)
    1970 – The U.S. Senate rejects the McGovern-Hatfield amendment by a vote of 55-39. This legislation, proposed by Senators George McGovern of South Dakota and Mark Hatfield of Oregon, would have set a deadline of December 31, 1971, for complete withdrawal of American troops from South Vietnam.
    1971 - It was a Major League Baseball first when Pittsburgh Pirates manager, Danny Murtaugh, gave his lineup card to the umpire containing the names of nine black baseball players. The Pirates then became the first major league team to start an all-black team; the lineup included infielders Al Oliver (1b), Rennie Stennet (2b), Jackie Hernandez (ss) Dave Cash (3b) and outfielders Willie Stargell (lf), Gene Clines (cf), Roberto Clemente (rf) with Dock Ellis (p) and Manny Sanguillen (c) making up the battery.
    1972 - For "Back Stabbers," the O'Jays earned a gold record. The song was the group from Canton, Ohio first hit. The O'Jays would have nine more hits on the pop and R&B charts over the years, five of which earned gold records: "Love Train", "I Love Music", "Use ta Be My Girl", "For the Love of Money" and "Put Your Hands Together".
1972 - Robert "Bobby" Fischer, United States chess player, defeated Soviet player Boris Spassky in Reykjavik, Iceland, becoming the United States' first player to officially win the World Chess Championship. Fisher's strange demands during tournaments, off-the-wall antics, and unexplained forfeiture of his world title brought him an uncharacteristic notoriety than most chess champions.
    1973 - Braulio Baeza, horse-racing jockey, won two races at New York's Belmont Park. Baeza then got on a plane and flew to Liberty Bell race track in Philadelphia, Pennsylvania where he rode Determined King to a win in the Kindergarten Stakes.
1973-Bob Dylan's soundtrack to the film, "Pat Garrett and Billy The Kid" enters the LP charts. It includes "Knockin' On Heaven's Door."
    1975--Top Hits
Get Down Tonight - K.C. & The Sunshine Band
How Sweet It Is (To Be Loved by You) - James Taylor
At Seventeen - Janis Ian
Rhinestone Cowboy - Glen Campbell
    1975 - It was the final broadcast of "Monday Night Baseball" on NBC-TV when Montreal's Expos beat the Philadelphia Phillies 6-5. In 1976, ABC-TV picked up the games.
    1977 - Bobby C. Wilks became the first African American in the Coast Guard to reach the rank of captain. He was also the first African American Coast Guard aviator (Coast Guard aviator No. 735). He later became the first African American to command a Coast Guard air station. He accumulated over 6,000 flight hours in 18 different types of aircraft. He was also the project officer for the Sikorsky HH-3 helicopter when they were first delivered in the 1960s.
    1977 - Blondie singer Debbie Harry signed a recording deal with Chrysalis Records who bought the group's private stock label for $500,000. Blondie is often not thought of as a band, but rather just Debbie Harry, the former Playboy Bunny.
    1979 - The United States unmanned spacecraft Pioneer II, launched in 1973, transmitted data to earth after coming within 12,560 miles of Saturn's clouds.
1979 --LA Court orders Clayton Moore to stop wearing Lone Ranger mask. There were no TV residuals in the early days, so Moore took to entertaining birthday parties as the Long Ranger and making appearances wearing the Long Ranger mask.The Wrather Corp., which owned "The Lone Ranger" television series and the rights to the character, obtained a court order to stop Moore from appearing in public dressed as "The Lone Ranger," specifically prohibiting him from wearing the ranger's signature mask. The Wrather Corp. intended to produce a new "Lone Ranger" film, and didn't want fans to be confused. Instead, fans were incensed about the treatment of Moore, and circulated petitions to allow him to wear the mask again. Moore continued to make appearances, however, wearing wrap-around sunglasses instead. When the film, "The Legend of the Lone Ranger" (1981), starring Klinton Spilsbury, was released, it was a huge critical and commercial failure. The Wrather Corp. gave in to public pressure in 1984, and allowed Moore to wear the mask again. When Moore died in 1999, the company arranged for the saddle Moore used as "The Lone Ranger" to be displayed at his memorial service.
1979 - A home in Centerville TN was hit by lightning and totally destroyed. It marked the third time that the house had been hit by lightning since being built in 1970.
    1983--Top Hits
Every Breath You Take - The Police
Sweet Dreams (Are Made of This) - Eurythmics
Maniac - Michael Sembello
You're Gonna Ruin My Bad Reputation - Ronnie McDowell
    1984-Tina Turner's "What's Love Got To Do With It" peaks at #1 on the pop chart.
    1985 - A joint United States-French expedition located the wreck of the Titanic roughly 560 miles off the coast of Newfoundland. The "unsinkable" ocean-liner sunk in 1912 after hitting an iceberg. Twelve years after the wreck's location, the movie Titanic went on to break box office records.
1985 - No. 1 Billboard Pop Hit: "St. Elmo's Fire (Man in Motion)," John Parr. The week this song from the film "St. Elmo's Fire" hits No. 1 marks the first time that songs from motion pictures hold the top three positions on the Billboard Hot 100. Huey Lewis' "The Power of Love" from the film "Back to the Future" is No. 2 and Tina Turner's "We Don't Need Another Hero" from "Mad Max Beyond Thunderdome" is in the third slot.
    1986 - At his annual telethon on Labor Day weekend, Jerry Lewis raised a record $34 million for Muscular Dystrophy.
    1987 - Cool Canadian air invaded the Midwest. Six cities reported record low temperatures for the date, including Indianapolis IN with a reading of 44 degrees. Hot weather continued in the northwestern U.S. Five cities reported record high temperatures for the date, including Hanover WA, where the mercury soared to 106 degrees.
    1989-The air bag requirement by the federal government took effect: all newly manufactured cars were required to have air bags installed on the driver's side.
1989-Chris Evert defeated Patricia Tarabini, 6-2, 5-4, in an early round of the US Open tennis tournament. The factory made Evert, playing in her final US Open, the first 100-match winner in the 108 years of US national tennis championship competition.
    1991--Top Hits
(Everything I Do) I Do It for You - Bryan Adams
Fading Like a Flower (Every Time You Leave) - Roxette
Wind of Change - Scorpions
You Know Me Better Than That - George Strait
    1995 - Jazz trumpeter and vocalist Louis Armstrong is honored on a U.S. postage stamp. The sale is kicked off with a jazz festival in New Orleans featuring Wynton Marsalis, Al Hirt, Doc Cheatham and other jazz stars.
    1997 - In France, the prosecutor's office said the driver of the car in which Princess Diana was killed, was over the legal alcohol limit.
    1998 - Vietnam released 5,000 prisoners, including political dissidents, on National Day.
1998 - The film Titanic was released on video, amidst much media attention. Millions of tapes were distributed, and many stores across the nation were opened at midnight for the anticipated crowds wanting to purchase the tape.
1998-David Bowie opens his on-line internet service provider business, Bowienet. The service offers basic internet services and exclusive Bowie news and releases.
    2001-- Cubs slugger Sammy Sosa hits the longest home run in Turner Field history as his 53rd of the season travels 471 feet to straight away center. The historic homer comes in the first inning off four-time Cy Young Award winner Greg Maddux. Questions linger today, was it a cork center bat?
    2005 --The first bus loads of Hurricane Katrina refugees, formerly housed at the SuperDome in New Orleans, begin to arrive early this morning at Houston's Astrodome. The former home of the Astros, will afford the displaced an opportunity to escape the unhealthy horrendous conditions of their former shelter by supplying air conditioning, cots, food and showers for eventual 25,000 people who expected from Louisiana.
    2005- Fats Domino, 77 years old, was rescued from the flooding in New Orleans caused by Hurricane Katrina. He had earlier told his agent that he planned to remain in his home despite the order to evacuate.
    2005 - Veteran performer Olivia Newton-releases a studio album specifically for sale as part of a Hallmark program in support of breast cancer awareness month. "Stronger Than Before" is to be available Sept. 1-Oct. 31 exclusively through Hallmark Gold Crown stores. The CD retails for $9.95 with two dollars from each sale benefiting the Susan G. Komen Breast Cancer Foundation.




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