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

Friday, September 5, 2014

Today's Equipment Leasing Headlines

Leasing Industry Ads---Help Wanted
    Classified Ads---Legal
New Hires---Promotions in the Leasing Industry
Sales Make it Happen by Scott Wheeler
    "Driven to Close"
Advertisement---19% Looking for Equipment Financing
  But 56% are looking for working capital
Twelve Federal Reserve Districts Report Expansion
   Beige Report
Mike Fleming October 24, Naples, Florida
    Celebration of Life
Crestmark to Acquire Michigan-based TIP Capital
         To Close late September, 2014
Guardians of the Galaxy/Closed Curtain
Night Moves/Young and Beautiful/Tie Me Up! Tie Me Down!
   At the Theater/Amazon-Netflix by Fernando Croce
      Shepherd/Mixed (Medium Coat)
  San Francisco, California  Adopt-a-Dog
Fall Leasing Conferences---National and International
News Briefs---
Lease Accounting Changes May Trip Up Bank Loans
 Google to refund $19 million in kids' in-app purchase case
   Phablets are going to be bigger than tablets, laptops, IDC says
    Phablet Shipments Are Exploding Across Asia, As Tablet Sales Stagnate
  Here's What the Owner of the Oldest Operating McDonald's
   Has to Say About Minimum Wage
    How Market Basket Put Itself Back Together Again
   Joan Rivers’ most memorable TV moments

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

  You May have Missed---
   SparkPeople--Live Healthier and Longer
    Sports Briefs---
      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.

Please send to a colleague and ask them to subscribe to our news
editor or bookmark us ( as each news edition
appears on our web site.






Leasing Industry Help Wanted


Collector, Atlanta, GA

Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office.

Sales, Chicago, Atlanta

Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

Contact: Michael Testa 312-881-3133
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

For information on placing a help wanted ad, please click here: 
Please see our Job Wanted section for possible new employees.


Classified Ads---Legal

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

Credit, syndication, workout experience
Exceptional work ethic, common sense coupled with practical experience in equipment finance, consumer, commercial. Can interact with all levels of borrowers and intermediaries. Not an originator – but can help sales team close – great up sell ability. Will relocate for the right opportunity AND can work

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

Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:


New Hires---Promotions in the Leasing Industry

Tom Bazis was rehired at Marlin Business Services Corp., Mount Laurel, New Jersey, as Senior Business Development Manager, Major Accounts. He worked as Business Development Manager May, 2011 to June, 2012.  Prior to re-joining Marlin, he was Owner, Float (November, 2013–August, 2014); Regional Sales Manager, Ascentium Capital (June, 2012–November, 2013); National Sales Manager, Hotcourses USA (March, 2010–May, 2011); Business Development Manager, Education Dynamics, LLC (June, 2007–March, 2010); Loan Officer, First NLC Bank (January, 2007–June, 2007); Territory manager, Canon Financial Services (August, 2005–January, 2007). Education: Salesianum School, Wilmington DE, 2001. Community College of Philadelphia, Associates, Business Management, 2003. University of Phoenix, Business Management, 2004.

Greg Brown was hired as President of the Specialty Vehicle Division of 1st Source Bank Specialty Finance Group. “(He)...will oversee the division, which handles fleet financing of funeral vehicles, step up vans, delivery work trucks, vocational trucks and shuttle buses. Brown has 19 years of banking experience, most recently as Vice President and Corporate Banking Relationship Manager with Fifth Third Bank in South Bend and Elkhart.  Brown earned a B.S. in Finance from Indiana University. He is active in the community and has served as board chair of Big Brothers Big Sisters of Elkhart County and as treasurer of Elcona Country Club."

Bill Griffith was hired as Portfolio Manager at GE Capital, Chicago, Illinois.  Previously, he was Portfolio Manager, Equipment Leasing & Finance Division, TAB Bank (May, 2012 – August, 2014); Commercial Equipment Leasing Manager, TAB Bank (February, 2012 – May, 2012); Credit and Operations Manager, Padco Lease Corp. (May, 1997 – November, 2010); Senior Credit and Collections Analyst, Transamerica Leasing (September, 1992 – October, 1996); Board of Directors, UAEL (2007-2008); National Equipment Finance Association (previously UAEL), Midwest Regional Director. Education: DePaul University, Bachelor's Degree, BA, Marketing Concentration. Honors: Deans List. Activities and Societies: DePaul Mentor Program.

Mitchell Larkin was hired by Capital Leasing Solutions, Fort Lauderdale, Florida as Senior Vice President, based out of Pikesville, Maryland.  Previously, he was Vice President, BancLease Acceptance Corporation (August, 2012-August, 2014). Prior, he was Senior Vice President of Sentry Financial (August, 2011-March, 2013.) He joined Bankers Capital, Vice-President of the Broker Division, February, 2009. February, 2006, he joined Madison Capital, leaving Butler Capital, where he had been for over five years. Prior he was at "... Tilden Financial, ICON Capital Corp., LDI Financial Services and several other companies over his 40-year caree in the leasing and financial services industry. He is a graduate of Husson University, Bangor, Maine (1970). 

Pat Patterson was hired as Executive Sales Officer, Signature Financial, Melville, New York.  He is based in Metairie, Louisiana, providing finance and lease options to the trucking and construction industry.  He recently was Senior Territory Sales Manager, Element Financial. Prior, he was District Manager at Equify Financial.  Earlier, District Sales Manager, Volvo Financial Services. "Prior, he spent 27 years as District Sales Manager for Associates/CitiCapital Commercial Corp., overseeing sales of finance and leasing products to dealers and end-users in Louisiana and Southern Mississippi."

Jim Richardson was hired as Field Sales Executive, IBM Global Finance, Michigan. He has over 25 years of experience in the sales and lease financing of Information Technology and healthcare equipment, systems and solutions. Education: Michigan State University, BS, Business. 

Nicholas Roberto was announced as SVP, Credit & Operations at Quick Bridge Funding Orange, California. He joined the firm, June, 2014.  Previously he worked for De Lage Landen Financial Services, joining the firm February, 2010 as VP, Collections; promoted to Senior Risk Officer, Americas Region, August, 2013; then Chief Risk Officer, U.S., February, 2013.  Previously he was General Manager, Commercial, Industrial & Agricultural Group, LEAF Financial Corporation (January, 2007 – December, 2009); Vice President, Operations, Financial Federal Credit Inc. (May, 2000 – January, 2007); Vice President, Operations, American Express Equipment Finance (September, 1997 – December, 2000); Vice President, Credit & Portfolio Quality, AT&T Capital (March, 1993 – September, 1997). Education: Lafayette College, Bachelor of Arts (B.A.), Economics & Business. The University of Connecticut, MBA, Finance & Management.

Robert Sappio, former longtime executive at American President Lines, has been named chief operating officer at SeaCube Container Leasing. He most recently was president and CEO at Rickmers America in Houston, and managing director at Alvarez & Marsal LLC in San Francisco. Sappio previously spent 29 years with APL, where he held a series of key positions, including senior trade and marketing executive responsible for APL’s commercial activities in the Trans-Pacific, trans-Atlantic and Latin America trades. President and CEO, Rickmers-Linie (America) Inc. (September 2012–August 2014); Managing Director, Alvarez & Marsal (October 2011–September 2012); He joined American President Lines, 1995, VP and Managing Director, Eastern Region, North America; promoted 1999, VP and Managing Director, Central Asia; then, 2000, SVP Global Sales, Marketing, Network Management; 2002, SVP North America Sales & Marketing; 2003, SVP TransPacific Trade; 2009, Senior Vice President, Trade Management. Organizations: United States Naval Institute, United States Naval War College, U.S. Navy League, National Defense Transportation Association, San Francisco Maritime Museum Association, California-Asia Business Council: Education: Northwestern University, Advanced Executive Program (1999–1999). J. L. Kellogg, Graduate School Of Management. Northwestern University, Advanced Executive Program. Wagner College, B.S., Economics (1978–1982). Activities and Societies: Football, Rugby, Student Government



Sales Make it Happen
by Scott Wheeler

With over thirty plus years of leasing experience and an Executive Masters in Business Administration, Scott is an accomplished senior leasing executive with leadership qualities in marketing and operations. His extensive experience will benefit organizations looking to reach a higher level of profitability and corporate development.

 The following first appeared in his weekly column:

Driven To Close

The strongest commercial equipment and finance originators are always looking to find and close more transactions. They are never satisfied with the status quo.

What drives top producers to work harder and smarter every day?

       1.       The thrill of winning
       2.       The thrill of helping clients grow and prosper
       3.       The thrill of learning and engaging with business clients
       4.       The thrill of increasing their personal incomes
       5.       Or all of the above

Top producers are willing to prospect for new clients and better serve their existing clients. They enjoy every aspect of the selling cycle. They get a thrill out of the small and large wins (getting a new application, receiving an approval from credit, developing a new vendor, closing their largest transactions, posting the top production numbers for the company, cashing a commission check, being recognized as a leader in the industry). Strong originators prioritize all of their daily efforts to gain the most efficiencies and to ultimately maximize their production numbers. They are driven to close.

Top producers understand that they "Eat what they Kill". A lack of effort and production results in empty stomachs, while hard work, efficiencies and "real" results produces a smorgasbord of options for the strongest originators. Being busy is not the same as being productive and delivering bottom line profits. Being a top producer is more than a "job", it demands a passion to succeed.

Expect Success
Subscribe to Scott Wheelers' free weekly sales tip:

Wheeler Business Consulting offers one-on-one executive coaching for originators who are seeking to develop stronger relationships with their vendors and end-users; providing consultative services to lessors, banks origination firms, and investors in the commercial equipment leasing/financing industry.

Call Scott @ 410- 877-0428 for more information or email:

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

Sales Makes it Happen articles:





Twelve Federal Reserve Districts Report Expansion
Beige Report

Reports from the twelve Federal Reserve Districts indicated that economic activity has expanded since the previous Beige Book report; however, none of the Districts pointed to a distinct shift in the overall pace of growth.

Overall, banking conditions continued to improve from the prior Beige Book period. Loan volumes increased in nearly all reporting Districts, led by moderate gains in the San Francisco District and modest gains in Chicago. Philadelphia, St. Louis, and Dallas noted slight gains; Kansas City reported steady demand. Lending volumes rose in Richmond and appeared to increase, on net, in New York and Cleveland.

Auto lending was the category most often cited as growing. The Cleveland and Atlanta Districts reported very strong auto loan demand, while Philadelphia, Richmond, Chicago, St. Louis, and San Francisco also noted growth in this category. In addition, Philadelphia, Chicago, and St. Louis reported growth in credit card borrowing. San Francisco also noted a slight increase in unsecured consumer credit. New York and Cleveland reported that overall consumer loans had leveled off, while consumer installment loans were described as somewhat softer in the Kansas City District. Philadelphia and San Francisco reported increasing usage of home equity lines of credit, while slightly less usage was reported in the Cleveland District.

Demand for business credit expanded in most reporting Districts. Commercial and industrial (C&I) lending increased in the New York, Cleveland, Richmond, Chicago, St. Louis, and Dallas Districts; reports from the Philadelphia District were mixed. Cleveland reported that demand for C&I loans was greatest from manufacturers, energy producers, and health-care providers; Dallas also noted demand related to energy projects. Commercial real estate lending exhibited slight to moderate growth in the New York, Cleveland, Richmond, Chicago, and San Francisco Districts; Philadelphia and Dallas reported no change; and volumes in the Kansas City District decreased slightly.



New York






St. Louis


Kansas City


San Francisco

Full Report



Mike Fleming October 24, Naples, Florida
Celebration of Life

"An event celebrating Mike Fleming's life will be held on Fri, Oct. 24 at 1pm at Naples United Church of Christ, 5200 Crayton Rd., Naples, FL 34103. A reception will be held afterward at the Royal Poinciana Golf Club, 1600 Solana Rd., Naples, FL 34105

"The family would appreciate donations to Capital Caring Hospice, 4715 15th St. N, Arlington, VA. Donations can be made by going to and clicking on the Donate button

"Mike is survived by his three sons Steven, David and Michael, his daughter Colleen and his loving wife Ginny, and his four grandchildren, Andrew, Luke, Lauren, and Liam."

Naples Daily News Obituary

Michael J. Fleming Naples, FL McLean, VA Michael J. Fleming passed away on August 19, 2014, at his home in McLean, VA. Born in Des Moines, IA, on October 6, 1938, he spent much of his time after retirement in Naples, FL. Mike served as President of the Equipment Leasing and Finance Association from 1979, when he established the Association's headquarters in Washington, DC, until his retirement in 2006. During his tenure, he transformed the Association into the leading professional trade association representing the U.S. equipment finance sector. Prior to serving as ELFA President, Mike managed state associations in Iowa and South Carolina. Most recently, he served as Senior Managing Director of Client Relations for the Alta Group. Mike earned a B.A. in political science and history and an M.A. in history and economics with honors from Drake University in Des Moines, IA. He did additional postgraduate work at other major universities.

An active member of several professional and economic groups, he was past Chancellor of the Exchequer Club of Washington and an active member of the U.S. Chamber of Commerce Committee of 100. In Naples, he was a member of Class XI of Greater Naples Leadership and served as a GNL Director. He was also a volunteer at the Naples Train Museum, a tutor for Take Stock in Children, and a member of the Board for Baby Basics.

For all his professional accomplishments, Mike will be best remembered as the generous and kind man that he was - one whose passions were golf, trains, music, sweets, and his beloved Ravens. However, his greatest legacy will always be his devotion to his family.

He is survived by his loving wife, Ginny; his three sons, Steven (Karen), David (Karen), and Michael (Heather); his daughter, Colleen (Max); and his four grandchildren, Andrew, Luke, Lauren, and Liam



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

Crestmark to Acquire Michigan-based TIP Capital
To Close Late September, 2014

Asset-based Lender Expands Equipment Leasing Product Offerings
with Industry Leader

 (TROY, Mich) Crestmark and TIP Capital have announced that they have entered into an agreement for Crestmark to acquire TIP Capital’s equipment leasing and asset management business. The acquisition is scheduled to be completed in late September 2014, pending final governmental approval. The resulting entity will be a wholly-owned subsidiary of Crestmark Bank, named Crestmark Equipment Finance, Inc., a Crestmark Bank Company. The division will continue to operate under the TIP Capital name and out of its current locations to ensure continued strong service quality.

This move will continue to broaden Crestmark financial solutions into the equipment leasing space. TIP Capital is one of the leading independent providers of equipment finance and asset management solutions, with a particular expertise in providing flexible vendor financing programs.

W. David Tull
Chairman & CEO
Crestmark Bank

“The continued diversification and growth of the Crestmark team of companies allows us to further strengthen the economic growth of industries and businesses that we serve,” said W. David Tull, Chairman and CEO of Crestmark. “TIP Capital is a respected entity with a strong team. This acquisition will provide benefits to Crestmark clients, TIP Capital clients and will provide both companies with increased resources,” said Tull.

Mick Goik
President & CEO
Crestmark Bank

“Crestmark is excited to have the TIP Capital team onboard as a part of the Crestmark family. This is a solid and well known company in the equipment leasing space, and we feel this comes at a perfect time for both companies,” said Mick Goik, Crestmark President.

Scott Grady
TIP Capital

“Joining the Crestmark family represents a great opportunity for TIP Capital, our clients and our employees. Our ability to access the resources of Crestmark will allow us to more efficiently service our clients and will allow for our further growth,” said Scott Grady, TIP Capital President. “It will also allow us to expand the suite of financial solutions that we can provide our customers.”

About Crestmark
Crestmark is a nationally known and respected FDIC-insured bank that provides innovative financial solutions for small- to medium-sized businesses. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, factoring and machinery/equipment financing. Headquartered in Michigan, Crestmark has locations in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.

About TIP Capital 
TIP Capital is a leading, independent equipment financing and asset management company headquartered in Bloomfield Hills, Michigan with over $400 million of assets under management. TIP Capital specializes in providing customized “lifecycle management” financing solutions for their clients’ equipment acquisitions throughout the United States, Canada and Mexico.

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

((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)


Fernando's View
By Fernando F. Croce

Rambunctious adventure ("Guardians of the Galaxy") and thoughtful allegory ("Closed Curtain") make for a most contrasting double-bill of new releases, while a trio of provocative titles ("Night Moves," "Young and Beautiful," "Tie Me Up! Tie Me Down!") come to DVD.

In Theaters:

Guardians of the Galaxy (Walt Disney Studios): Tired of brooding caped avengers in dark and stormy cities. Then check out the latest entry in the colossally successful Marvel superheroes line, which lightens the mood with entertainingly irreverent humor. The story follows the escapades of Peter Quill (Chris Pratt), a space traveler who, after acquiring an enigmatic orb, finds himself at the center of an interplanetary manhunt. With the nefarious Ronan (Lee Pace) behind him, he puts together a ragtag band of unlikely heroes, including the Amazon Gamora (Zoe Saldana), a wisecracking raccoon named Rocket (voiced by Bradley Cooper), and a tree-creature named Groot (voiced by Vin Diesel). Directed with rambunctious verve by James Gunn, the movie's colorful sense of fun is a welcome antidote to the overly serious superheroes that dominate today's cineplex.

Closed Curtain (Variance Films): When last seen, the great Iranian director Jafar Panahi was making a small-scaled masterpiece about his own government-enforced inability to direct movies ("This Is Not a Film"). Now he's back with another thoughtful allegory about the nature of cinematic creativity. The self-reflexive story concerns a screenwriter (Kambozia Partovi) who comes to his seaside villa to secretly work on his new drama. His solitude is interrupted by a pair of siblings (Maryam Moqadam and Hadi Saeedi), who break into his villa and claim to be on the run from the police. Suspense about the characters slowly builds, but then the movie takes a daring detour when Panahi himself and his crew turn up at the house, blurring the lines between fictional narrative and behind-the-scenes realism. Don't miss this endlessly fascinating, multilayered film meditation. With subtitles.

Netflix Tip: Both a warm screen presence and an Oscar-winning director, Sir Richard Attenborough (1923-2014) left behind a long and varied body of work. Mainly remembered for his role in "Jurassic Park," he also appeared in "The Great Escape" (1963) and "Elizabeth" (1998), and directed "A Bridge Too Far" (1977), "Gandhi" (1982) and "Shadowlands" (1993).


Night Moves (Cinedigm): After "Wendy and Lucy" and "Meek's Cutoff," writer-director Kelly Reichardt has become a specialist in moody tales of American outsiders. Her latest movie fits snugly in that category, as she paints a brooding portrait of idealism gone awry in the outskirts of Oregon. The story follows Josh (Jessie Eisenberg) and Dena (Dakota Fanning), a pair of young environmentalists who are tired of seeing no results from conventional activism. With the aid of an older colleague named Harmon (Peter Sarsgaard), they get ready to take a more drastic course of action, namely blowing up the dam they is responsible for the devastation of local forests. When their plan takes a tragically unexpected turn, however, Josh and Dena find their bond quickly eroded by remorse and suspicion. While keeping the tone low-key, Reichardt creates a tough and engrossingly atmospheric film.

Young and Beautiful (MPI): Hopping from drama to comedy and from graveness to campiness, French director François Ozon ("Under the Sand," "8 Women") refuses to be neatly pinned down. In his new film, he serves up an uncredited, miniature re-imagining of Luis Bunuel's classic "Belle de Jour," though this time focusing not on a housewife but on a teenager. Isabelle (Marine Vacth) is a bored young woman who, upon her return from summer vacation, decides to become a call girl in Paris. Her new vocation leads her to a gaggle of clients, in particular an older man (Johan Leysen) whose health problems cause her secret to be revealed. Using a cool, detached approach to potentially lurid material, Ozon creates a fascinating portrait of a mysterious character, largely aided by Vacth's performance. With subtitles.

Tie Me Up! Tie Me Down! (Criterion): For decades the bad-boy of Spanish cinema, director Pedro Almodovar ("Women on the Verge of a Nervous Breakdown") has never shyed away from the outrageous. And so it goes with this 1989 dark comedy, one of his most underrated films, now finally being released on DVD by Criterion. Almodovar's favorite leading man, Antonio Banderas plays Ricky, an orphaned handyman who, just released from a mental institution, becomes obsessed with Marina (Victoria Abril), a B-movie starlet. When he kidnaps her, the relationship between captor and prisoner gradually shifts from a combative one to a romantic one. But can their unlikely love survive when a chance to escape materializes. Jumping back and forth between raunchiness and poignancy like only Almodovar can, this volatile farce deserves to be rediscovered. With subtitles.


Shepherd/Mixed (Medium Coat)
San Francisco, California  Adopt-a-Dog

Rescue ID: 14-0391
Color: grey/tan
Current Size: 40 Pounds
Current Age: 11 Months (best estimate)

"Good with Dogs, Good with Kids, Good with Adults, Does Good in the Car, Playful, Affectionate, Eager To Please, Intelligent, Even-tempered, Gentle.

"Benny loves to be next to you and loves to play ball. He is great on walks, and very motivated to learn.  Benny still has some puppy in him, so he will benefit from a positive, reward-based training class.  He is such a good boy he is suitable even for first-time dog owners!  He loves to snuggle in bed with his humans, and he loves hiking!

"If you'd like to meet Benny, please fill out an application at"


Northern California Family Dog Rescue
Email Us

Vist our Facebook Page

Call Us
415-935-DOGS (3647)
Calls will be answered Mon - Fri, 2pm - 6pm

Adopt a Pet



Fall Leasing Conferences---National and International


September 10-12
Canadian Finance and Leasing Association
The Fairmont Chateau Whistler
Whistler, British Columbia

Registration now Open, Program Available


September 18-20

Hyatt Regency San Antonio Riverwalk
123 Losoya Street
San Antonio, Texas  78205
United States

The Women in Leasing Group would like to cordially other women in
leasing to our next luncheon at Acenar Restaurant located along the River Walk in San Antonio on Thursday, September 18, 2014 from 1:00pm – 3:00pm. The restaurant is within walking distance of the hotel for the NEFA Funding Symposium. If you would like to attend please RSVP by September 9th to Shari Lipski at 847.897.1711 or via email at


181 registered to date. Online registration
available until 9/18/2014. Full Information

Exhibitors to date

Amerisource Funding
Bank of the West
Blue Chip Leasing Corporation
Boston Financial & Equity Corporation
Business Credit Reports
Bryn Mawr Funding
Channel Partners, LLC
CLP Foundation
Collateral Specialists, Inc.
Conestoga Equipment Finance
Dakota Financial, LLC
Delta Management Group, Inc.
ECS Financial Services, Inc
Financial Pacific Leasing, Inc.
 FORA Financial
Funding Circle
LeaseTeam, Inc.
Great American Insurance
LCA Financial, LLC
Maxim Commercial Capital
Monitor Daily
North Mill Equipment Finance
OneWorld Business Finance
Orange Commercial Credit
 NCMIC Finance Corporation
Pawnee Leasing Corporation
 Quiktrak, Inc.
RLC Funding
RTR Services, Inc.
 Winston & Winston, P.C.


September 19 - 20, 2014
Tianjin, China
Sudhir Amembal: 
The First Global Leasing Industry Competitiveness Forum
For More Information:

Qualified leasing professionals from outside of China will not be charged any registration fees. They are, however, expected to pay for all their travel expenses including accommodations and meals at the venue.

From the Chinese side, the speakers will include prominent leasing company executives and supportive governmental representatives; from the international side, the speakers will be drawn from senior executives from leading leasing companies and others who have played a vital role in leasing's international growth.

Speakers include:

• Sudhir P. Amembal, Chairman & CEO, Amembal & Associates, U.S.A.
• Crit DeMent, Chairman & CEO, LEAF Commercial Capital, Inc., U.S.A.
• Esteban Gaviria, CEO, Leasing Bancolombia, Colombia
• Shawn D. Halladay, Global Leasing Expert, Amembal & Associates and The Alta Group, U.S.A.
• Hugh Lander, Chief Executive Officer, BOQ Finance (BOQF), Australia
• Bob Rinaldi, Chairman-Elect, ELFA, U.S.A.
• Arnaldo Rodriguez, President, CSI International, Spain
• Jukka Salonen, Chairman, Leaseurope, Finland
• Fred Sasser, Chairman, Chicago Freight Car Leasing, U.S.A.
• Judy Tan, Managing Director, Caterpillar (China) Financial Services, China
• Wang Chong,Chairman,CDB(China Development Bank) Leasing,China
• Kong Linshan, Chairman, Minsheng financial leasing co., LTD, China
• Kong Fanxing,   Chairman, International Far Eastern Leasing, China            
• Cong Lin, President, ICBC Leasing, China

Information on Conference, including biographies:



October 9 -10
Eurostars Grand Marina
Barcelona, Spain

Booking of rooms at the Grand Marina is to be done by filling in a Hotel Reservation Form, which can be downloaded from the Annual Convention website at:

Last year's event was a resounding success with more than 500 participants from across Europe as well from Australia, Canada, China, Morocco, South Korea and the USA.

Registration/Further Information:

October 19-21
2014 53rd Annual Convention
Manchester Grand Hyatt
San Diego, CA

Video Preview of ELFA Annual Convention
ELFA President and CEO Woody Sutton

  • Friday, September 26, 2014: Last day to receive the special ELFA convention rate for your accommodations at the Manchester Grand Hyatt or the San Diego Marriott Marquis & Marina.
  • Tuesday, October 7, 2014: Last day for mail-in and online registrations. After this date registrations can be made on-site. Please note: There are no refunds of registration fees after this date.

Full Information: Speakers, Brochure, Registration:



Cosmopolitan, Las Vegas, Nevada

 It will bring together critical decision makers concerning credit and collections 
from all facets of financial services.




November 5, 2014
Latin American Leasing &
Operation Forum
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Wednesday November 5th the Latin American Legal and Operations Forum will give participants access to the latest advances in the legal and operational practices in the industry. It will be an excellent opportunity to learn about the laws and regulations of leasing in different countries of the Americas.

The event will be simultaneously translated in English and Spanish.


November 5-7
34th Annual AGLF Fall Conference
Tucson, Arizona

Hotel Information

November 7-8
2014 Western Regional Meeting
Hyatt Regency Irvine
Irvine, CA


November 7, 2014
XII Latin American Leasing Conference
The Alta Group
Intercontinental Hotel Doral
Miami, Florida

Thursday 6th to Friday 7th the XII Latin American Leasing Conference will be held.  This will provide participants insights regarding developments in the professional practice of the leading rental companies in the Americas.  The conference will also showcase best practices leasing companies and finance teams are now utilizing in strategic planning and implementation of funding strategies as well as risk and asset management.

The event will be simultaneously translated in English and Spanish.



November 11-13

The 2014 Middle East Leasing Summit to be held November 11-13 at the JW Marriott Marquis Hotel Dubai is reported to be strongly supported by leading leasing companies and international leasing association. 

This summit will gather regional government officials, vendor representatives, national organizations and industry leaders to interpret the air finance from the aspect of market situation, regulatory, growth point and second hand aircraft to better understand Middle East air finance market.

The conference promises "Deep insight into Middle East leasing market climate with introduction of Islamic Finance’s application and banks’ involvement. There is no doubt that this summit will provide a premier platform for its delegates to establish strategic cooperative partnerships, expand business. We firmly believe that your outstanding industrial background and broad knowledge would contribute significantly to the quality and scope of this

For more information, please visit the official website at

November 12 - 14
Commercial Finance Association
70th Annual Convention
Washington Marriott Wardman Park
Washington, D.C.


November 16 -17
NJ Expo Regional
Teaneck, New Jersey
(Sunday evening- All Day Monday)


November 18 - 21, 2014
Istanbul, Turkey
The Third Annual Operating Lease Conference

"Three prominent and qualified speakers have been added to the agenda.
They are: Stephan van Beek, Senior Director Sales & Marketing Development - EMEA, Oracle Financing, an expert on software leasing; Arnaldo Rodriguez, President – International Division, CSI Leasing, who is the epitome of having successfully globalized the product; and, Esteban Gaviria, CEO, Leasing Bancolombia, who leads the most successful bank-held operating leasing company in Latin America. I will chair the conference and also teach a two-day seminar preceding the conference."
          Sudhir Amembal

For More Information:

CFA Related Conferences

CFA Network Calendar

ELFA ---2014 Schedule of Conferences, Workshops
and e-Learning Opportunities
(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)



News Briefs----

Lease Accounting Changes May Trip Up Bank Loans 

Google to refund $19 million in kids' in-app purchase case 

Phablets are going to be bigger than tablets, laptops, IDC says

Phablet Shipments Are Exploding Across Asia, As Tablet Sales Stagnate

Here's What the Owner of the Oldest Operating McDonald's Has to Say About Minimum Wage

How Market Basket Put Itself Back Together Again

Joan Rivers’ most memorable TV moments

Collector, Atlanta, GA

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Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered.

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Baseball Poem

The game was tied in the bottom of nine
A runner on third and two out
In the dead still air a mosquito's whine
Was all you could hear, then a shout

"Do something Ben, murder the ball,
For crying out loud get a hit."
Ben strode to the plate to answer the call
The now restless fans knew this was it

He dug in his right foot then positioned his left
And tapped the plate twice with his bat
Then he pulled it back slowly as to measure its heft
And tensed his whole frame like a cat

The pitcher glared in, the Ump hunkered down
Then the ball on its way like a shot
Ben pulled the trigger, his body unwound
And the ball hit the bat with a "Thock"

This is the sum that the game's all about
This instant is not just a dream
The split second physics, a hit or an out?
Each player and fan poised to scream.

          John W. Knight





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This Day in History

     1664 - After days of negotiation, the Dutch settlement of New Amsterdam surrendered to the British, who would rename it New York. The citizens of New Amsterdam petitioned Peter Stuyvesant to surrender to the English.
    1692 - The first divinity degree conferred in the American colonies was given to Increase Mather, sixth president of Harvard College. Mather received a Doctor of Divinity degree from Harvard under a new charter just granted by William and Mary, the English sovereigns.
    1774 - The first assembly of this fore­runner of the US Congress took place at Carpenters' Hall, Philadelphia, PA. Pey­ton Randolph, delegate from Virginia, was elected president. The participants were 44 delegates from 11 colonies. Delegates from Georgia and North Carolina did not attend until later sessions. The Congress adjourned on October 26, 1774, recommending another session to begin on May 10, 1775, in Philadelphia, Pa. Continental Congress's first President Peyton Randolph, resigned on October 22, 1775, to attend the Virginia State Legislature, and his place was taken on the same day by Henry Middleton of South Carolina
    1776 - Navy “standardized” uniforms were adopted by the Marine committee. Officers were to have blue coats with red lapels. The sailors were to have green coats and green shirts (if they can be procured), with shirt collars turned back and white waistcoats and breeches edged with green, black gaiters and garters.
    1781 - Battle of Virginia Capes: French defeat British, trapping Cornwallis This naval engagement on Chesapeake Bay was fought between a French fleet under Adm. de Grasse, which had Cornwallis bottled up at Yorktown and a British relief fleet under Adm. Thomas Graves. De Grasse drove the British back to New York City, precluding aid to Cornwallis. The British fleet arrived off the Virginia Capes and found 26 French warships in three straggling lines. Rear Adm. Thomas Graves waited for the French to form their battle lines and then fought for 5 days. Outgunned and unnerved, he withdrew to New York. The French had some 37 ships and 29,000 soldiers and sailors at Yorktown while Washington had some 11,000 men engaged. French warships defeated British fleet, trapping Cornwallis in Yorktown.
    1804 - In a daring night raid, American sailors under Lieutenant Stephen Decatur, board the captured USS Philadelphia and burned the ship to keep it out of the hands of the Barbary pirates who captured her.
    1812 - The Siege of Ft Wayne begins when Chief Winamac's forces attack two soldiers returning from the fort's outhouses.
    1836 - Sam Houston was elected president of the Republic of Texas. He was reelected and upon admission of Texas to the United States as the 29th state, he remained president, and then was elected as a Democrat to the Senate, where he served until 1859.
    1846 - Birthday of John W. Cromwell, Secretary of the American Negro Academy.
    1846 – Jack Daniel’s’ birthday at Lynchburg, TN…where else?  Because of poor records and fires, this birthday is somewhat in dispute as is the date of the founding of the distillery.  Jack Daniel never married and did not have any children. However, he took his nephews under his wing, one of whom was Lemuel "Lem" Motlow (1869–1947). Lem, a son of Jack's sister, Finetta, was skilled with numbers, and was soon doing all of the distillery's bookkeeping. In 1907, due to failing health, Jack Daniel gave the distillery to two of his nephews. Motlow soon bought out the other nephew and went on to operate the distillery for about forty years (interrupted between 1942 and 1946 when the U.S. government banned the manufacture of whiskey due to World War II.  Daniel died at Lynchburg in 1911.
    1847 - Western legend and bandit Jesse Woodson James was born at Centerville (Now Kearney), MO. His criminal exploits were glorified and romanticized by writers for Eastern readers looking for stories of Western adventure and heroism. Many of them were women, who never left New York City, and worked for very low wages turning out Western novels. After the Civil War, James and his brother, Frank, formed a group of eight outlaws who robbed banks, stagecoaches and stores. In 1873, the James gang began holding up trains. The original James gang was put out of business September 7, 1876, while attempting to rob a bank at Northfield, MN. Every member of the gang except for the James brothers was killed or captured; pictures of the men in coffins appeared on the front pages of national newspapers. The brothers formed a new gang and resumed their criminal careers in 1879. Two years later, the governor of Missouri offered at $10,000 reward for their capture, dead or alive (that was a considerable amount of money in those days.) On April 3, 1882 at St. Joseph, MO., Robert Ford, a member of the gang, shot 34-year-old Jesse in the back of the head as he was hanging a picture and claimed the reward.
(lower half of )
    1859 - "Our Nig or Sketches From the Life of A Free Black" by Harriet Wilson is published. The first novel published in the US by an African-American woman. Lost to readers for years until reprinted with a critical essay by noted African-American scholar Henry Louis Gates, Jr. in 1983.
    1863 - United States Foreign Minister to Great Britain, Charles Francis Adams, sends an angry letter to the British government warning that war between the two nations may erupt if it allows two powerful ironclad ships, designed to help the Confederates break the Union naval blockade, to set sail. In the early stages of the war, the British toyed with the idea of recognizing the Confederacy. But Southern hopes of such support were dashed by the end of 1862, when President Lincoln's Emancipation Proclamation converted the war from one of reunification to a war to abolish slavery. British politicians would be hard pressed to explain to the British people why they were forming an alliance with a slave-holding nation. But in 1863, another thorn appeared in the side of Anglo-American relations. Throughout the war, Confederate agents in England acquired ships from British shipyards that were later used in the Confederate navy. This seemed to be in violation of Britain's own Neutrality Act of 1819, which forbade the building, equipping, or arming of warships to be used against any nation with which the British were at peace. During the American Civil War, the British argued that selling ships to the Confederates was not a violation of the law so long as they were not armed. So the Confederacy simply purchased the ships and then took them to another port before adding the armament. Confederate agent James Bulloch contracted the Laird Shipbuilding Company to construct two ironclads with large iron spikes attached to their prows in order to ram wooden Union blockade ships. In the summer of 1863, Union spies delivered the details of their construction to Adams, who then sent a series of angry and threatening letters warning the British of the consequences of allowing the ships to sail. On September 5, Adams concluded a letter to British Foreign Secretary Lord Russell with the words: "It would be superfluous in me to point out to your Lordship that this is war." Adams became a hero in the United States, but the British government had already made the decision to hold the ships in England. A major foreign crisis was averted, and any glimmer of Confederate hope for British recognition vanished.
    1867 - The most famous cow town was Abilene, Kansas. In the late 1860's, Abilene was the terminus of the Kansas Pacific Railway. In 1867, Illinois cattleman Joseph Geating McCoy bought the entire town for $2,400 and turned it into a central shipping depot for cattle driven north from rural Texas along the Chisholm Trail. The first rail shipping took place this day in 1867, when 30 Kansas Pacific Railway cars full of Texas longhorns embarked for slaughterhouses in Kansas City and Chicago. The first year, 35,000 head of cattle were shipped through Abilene.
    1870 - Three Roman Catholic universities were founded in the United States on this exact same date: St. John's in New York City, Loyola in Chicago, and Canisius in Buffalo, New York.
    1873 – One of the original ‘captains of industry’…Cornelius Vanderbilt III born in NYC.  Vanderbilt was an inveterate tinkerer and during his lifetime, he patented more than thirty inventions for improving locomotives and freight cars, including several which brought him a significant royalty income. Some of the most important were a corrugated firebox for locomotives that resulted in a substantial increase in fuel efficiency, a cylindrical styled tank car for the transport of bulk oil, and a revolutionary type of locomotive tender. In addition, on his travels to London and Paris, he saw the potential for adapting their subway systems for New York City and partnered with August Belmont, Jr. to establish the Interborough Rapid Transit Company for the construction of the city's first subway.  He also served in the military in the Mexican War and World War I, and he received recognition not only from the US but from France, Belgium, and England.  He died in 1942 in Miami Beach.
    1874 – Early baseball star and Hall of Famer Nap Lajoie born in Woonsocket, RI. He played for the Philadelphia Phillies and the Philadelphia A’s (twice), and the Cleveland Naps between 1896 and 1916. He managed the Naps from 1905 through 1909.  Lajoie in 1914 joined Cap Anson and Honus Wagner as the only major leaguers at the time to record 3,000 career hits.  He was elected to the Baseball Hall of Fame in 1937.  He died in 1959.
    1877 - Southern blacks led by Benjamin “Pap” Singleton settle in Kansas.
    1877 - Oglala Sioux chief Crazy Horse is fatally bayoneted by a U.S. soldier after resisting confinement in a guardhouse at Fort Robinson, Nebraska. A year earlier, Crazy Horse was among the Sioux leaders who defeated George Armstrong Custer's Seventh Cavalry at the Battle of Little Bighorn in Montana Territory. The battle, in which 265 members of the Seventh Cavalry, including Custer, were killed, was the worst defeat of the U.S. Army in its long history of warfare with the Native Americans. After the victory at Little Bighorn, U.S. Army forces led by Colonel Nelson Miles pursued Crazy Horse and his followers. His tribe suffered from cold and starvation, and on May 6, 1877, Crazy Horse surrendered to General George Crook at the Red Cloud Indian Agency in Nebraska. He was sent to Fort Robinson, where he was killed.
    1881 - Great Michigan Fire: According to Michigan Historical Commission, “Small fires were burning in the forests of the ‘Thumb area of Michigan,' tinder-dry after a long, hot summer, when a gale swept in from the southwest.  Fanned into an inferno, the fire raged for three days. A million acres were devastated in Sanilac and Huron counties alone. At least 125 persons died, and thousands more were left destitute. The new American Red Cross won support for its prompt aid to the fire victims. This was the first disaster relief furnished by this great organization.
    1882 - The First Labor Day parade is held in NYC.
    1888 - American baseball player-turned-evangelist Billy Sunday, 26, married Helen Thompson, 20. In later years, she became affectionately known as "Ma Sunday," and became his evangelistic campaign advisor. She survived Billy (d.1935) by 22 years.
    1895 - African-American George Washington Murray elected to US Congress from South Carolina.
    1897 - Birthday of Arthur Charles Nielsen at Chicago.  Marketing research engineer, founder of AC Nielsen Company in 1923.  AC Nielsen Company is known for radio and TV audience surveys.  Died there June 1, 1980.
    1902 – Movie mogul Darryl F. Zanuck born at Wahoo, NE.  Zanuck fought on both World Wars.  He earned three Oscars during his tenure that included writing, producing and head of three studios, and his start rests on the Hollywood Walk of Fame.  Zanuck died ion 1977 in Palm Springs, CA.
    1905 - Slyvanus F. Bowser of Fort Wayne, IN, introduced a “self-measuring Gasoline Storage Pump.” The design, which was based on Bowser's earlier design for a kerosene pump, consisted of ventilated wooden box containing a 50 gallon metal tank. The gasoline was suction-pumped by hand through a hose. He called it a “gas pump.”
    1905 - In New Hampshire, the Treaty of Portsmouth, mediated by U.S. President Theodore Roosevelt, ends the Russo-Japanese War.
    1906 – Game changer… The first legal forward pass is thrown by Bradbury Robinson of St. Louis University to teammate Jack Schneider in a 22–0 victory over Carroll College (WI).
    1912 - Birthday of avant-garde American composer John Cage, at Los Angeles, CA. He pioneered the experimental music and perfor­mance art schools. He used non-traditional instruments such as flower pots and cowbells in innovative situations, such as per­formances governed by chance, in which the I Ching was con­sulted to determine the direction of the performance. In 1978, he was elected to the American Academy of Arts and Sciences, and in 1982, was awarded France's highest honor for cultural contri­butions, Commandeur de I'Ordre des Arts et des Lettres. He died Aug 12, 1992, at New York, NY.
    1914 - Babe Ruth hit his first, and only minor league, home run as a professional while playing for Providence in the International League, a minor league affiliate of the Boston Red Sox. He also pitched a 9-0, one-hit shutout against Toronto in Toronto.
    1921 – Roscoe “Fatty” Arbuckle’s party in San Francisco ends with the death of the young actress Virginia Rappe: one of the first Hollywood scandals.
    1921 – Jack Valenti birthday in Houston.  Longtime president of the Motion Picture Association of America. During his 38-year tenure in the MPAA, he created the MPAA film rating system (PG13, R, G), and he was generally regarded as one of the most influential pro-copyright lobbyists in the world.  Valenti died in Washington, DC in 2007.
    1925 - The temperature at Centerville, AL, soars to 112 degrees to establish a state record. Every reporting station in Alabama was 100 degrees or above that afternoon.
    1927 – Paul Volcker born at Cape May, NJ.  He was Chairman of the Federal Reserve under Presidents Carter and Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Obama from February 2009 until January 2011.
    1929 - Comedian Bob Newhart was born Chicago, IL.
    1931 - Birthday of pianist Richie Power 
    1933 - A hurricane hit Brownsville, TX, killing forty persons and causing 12 million dollars damage.
    1937 – Actor William Devane born, Albany, NY.
    1939 - Lester Young records “Lester Leaps IN” with Count Basie Kansas City 7.
    1940 – Raquel Welch’s birthday in Chicago, born Jo Raquel Tejada.
    1940 - Duke Ellington records, “In a Mellotone.” 
    1942 – Japan suffers its first defeat in a land war in World War II when its high command orders retreat at the Battle of Milne Bay.
    1944 - MERLI, GINO J., Medal of Honor.
Rank and organization: Private First Class, U.S. Army, 18th Infantry, 1st Infantry Division. Place and date: Near Sars la Bruyere, Belgium, 4-5 September 1944. Entered service at: Peckville, Pa. Birth: Scranton, Pa. G.O. No.: 64, 4 August 1945. Citation: He was serving as a machine gunner in the vicinity of Sars la Bruyere, Belgium, on the night of 4-5 1944, when his company was attacked by a superior German force Its position was overrun and he was surrounded when our troops were driven back by overwhelming numbers and firepower. Disregarding the fury of the enemy fire concentrated on him he maintained his position, covering the withdrawal of our riflemen and breaking the force of the enemy pressure. His assistant machine gunner was killed and the position captured; the other 8 members of the section were forced to surrender. Pfc. Merli slumped down beside the dead assistant gunner and feigned death. No sooner had the enemy group withdrawn then he was up and firing in all directions. Once more his position was taken and the captors found 2 apparently lifeless bodies. Throughout the night Pfc. Merli stayed at his weapon. By daybreak the enemy had suffered heavy losses, and as our troops launched an assault, asked for a truce. Our negotiating party, who accepted the German surrender, found Pfc. Merli still at his gun. On the battlefield lay 52 enemy dead, 19 of whom were directly in front of the gun. Pfc. Merli's gallantry and courage, and the losses and confusion that he caused the enemy, contributed materially to our victory .
    1945 – The Cold War begins…Igor Gouzenko, a Soviet embassy clerk, defects to Canada, exposing Soviet espionage in North America.
    1946 - Jazz and R&B singer, drummer, and bandleader Buddy Miles is born.
    1950 - Baptist Bible College was founded in Springfield, MO, under auspices of the Baptist Bible Fellowship. With an enrollment of over 2,000, it is today one of the largest Bible colleges in America.
    1950 - Hurricane Easy produced the greatest 24 hour rainfall in U.S. weather records. The hurricane deluged Yankeetown, on the upper west coast of Florida, with 38.7 inches of rain.
    1950 - KAUFMAN, LOREN R., Medal of Honor.
Rank and organization: Sergeant First Class, U.S. Army, Company G, 9th Infantry Regiment. Place and date: Near Yongsan, Korea, 4 and 5 September 1950. Entered service at: The Dalles, Oregon. Born: 27 July 1923, The Dalles, Oregon. G.O. No.: 61, 2 August 1951. Citation: Sfc. Kaufman distinguished himself by conspicuous gallantry and intrepidity above and beyond the call of duty in action. On the night of 4 September the company was in a defensive position on 2 adjoining hills. His platoon was occupying a strong point 2 miles away protecting the battalion flank. Early on 5 September the company was attacked by an enemy battalion and his platoon was ordered to reinforce the company. As his unit moved along a ridge it encountered a hostile encircling force. Sfc. Kaufman, running forward, bayoneted the lead scout and engaged the column in a rifle and grenade assault. His quick vicious attack so surprised the enemy that they retreated in confusion. When his platoon joined the company he discovered that the enemy had taken commanding ground and pinned the company down in a draw. Without hesitation Sfc. Kaufman charged the enemy lines firing his rifle and throwing grenades. During the action, he bayoneted 2 enemies and seizing an unmanned machine gun, delivered deadly fire on the defenders. Following this encounter the company regrouped and resumed the attack. Leading the assault he reached the ridge, destroyed a hostile machine gun position, and routed the remaining enemy. Pursuing the hostile troops he bayoneted 2 more and then rushed a mortar position shooting the gunners. Remnants of the enemy fled to a village and Sfc. Kaufman led a patrol into the town, dispersed them, and burned the buildings. The dauntless courage and resolute intrepid leadership of Sfc. Kaufman were directly responsible for the success of his company in regaining its positions, reflecting distinct credit upon himself and upholding the esteemed traditions of the military service.
    1952 - McLAUGHLIN, ALFORD L., Medal of Honor.
Rank and organization: Private First Class, U.S. Marine Corps Company L, 3d Battalion, 5th Marines, 1st Marine Division (Rein.) Place and date: Korea, 4 and 5 September 1952. Entered service at: Leeds, Ala. Born: 18 March 1928, Leeds, Ala. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a machine gunner of Company L, in action against enemy aggressor forces on the night of 4-5 September 1952. Volunteering for his second continuous tour of duty on a strategic combat outpost far in advance of the main line of resistance, Pfc. McLaughlin, although operating under a barrage of enemy artillery and mortar fire, set up plans for the defense of his position which proved decisive in the successful defense of the outpost. When hostile forces attacked in battalion strength during the night, he maintained a constant flow of devastating fire upon the enemy, alternately employing 2 machineguns, a carbine, and hand grenades. Although painfully wounded, he bravely fired the machineguns from the hip until his hands became blistered by the extreme heat from the weapons and, placing the guns on the ground to allow them to cool, continued to defend the position with his carbine and grenades. Standing up in full view, he shouted words of encouragement to his comrades above the din of battle and, throughout a series of fanatical enemy attacks, sprayed the surrounding area with deadly fire, accounting for an estimated 150 enemy dead and 50 wounded. By his indomitable courage, superb leadership, and valiant fighting spirit in the face of overwhelming odds, Pfc. McLaughlin served to inspire his fellow marines in their gallant stand against the enemy and was directly instrumental in preventing the vital outpost from falling into the hands of a determined and numerically superior hostile force. His outstanding heroism and unwavering devotion to duty reflect the highest credit upon himself and enhance the finest traditions of the U.S. Naval Service.
    1952 - BENFOLD, EDWARD C., Medal of Honor.
Rank and organization: Hospital Corpsman Third Class, U.S. Navy, attached to a company in the 1st Marine Division. Place and date: Korea, 5 September 1952. Entered service at: Philadelphia, Pa. Born: 15 January 1931, Staten Island, N.Y. Citation: For gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving in operations against enemy aggressor forces. When his company was subjected to heavy artillery and mortar barrages, followed by a determined assault during the hours of darkness by an enemy force estimated at battalion strength, HC3c. Benfold resolutely moved from position to position in the face of intense hostile fire, treating the wounded and lending words of encouragement. Leaving the protection of his sheltered position to treat the wounded when the platoon area in which he was working was attacked from both the front and rear, he moved forward to an exposed ridge line where he observed 2 marines in a large crater. As he approached the 2 men to determine their condition, an enemy soldier threw 2 grenades into the crater while 2 other enemy charged the position. Picking up a grenade in each hand, HC3c Benfold leaped out of the crater and hurled himself against the on-rushing hostile soldiers, pushing the grenades against their chests and killing both the attackers. Mortally wounded while carrying out this heroic act, HC3c. Benfold, by his great personal valor and resolute spirit of self-sacrifice in the face of almost certain death, was directly responsible for saving the lives of his 2 comrades. His exceptional courage reflects the highest credit upon himself and enhances the finest traditions of the U.S. Naval Service. He gallantly gave his life for others.
    1952 - GARCIA, FERNANDO LUIS,  Medal of Honor.
Rank and organization: Private First Class, U.S. Marine Corps, Company I, 3d Battalion, 5th Marines, 1st Marine Division (Rein.). Place and date: Korea, 5 September 1952. Entered service at: San Juan, P.R. Born: 14 October 1929, Utuado, P.R. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a member of Company I, in action against enemy aggressor forces. While participating in the defense of a combat outpost located more than 1 mile forward of the main line of resistance during a savage night attack by a fanatical enemy force employing grenades, mortars, and artillery, Pfc. Garcia, although suffering painful wounds, moved through the intense hail of hostile fire to a supply point to secure more hand grenades. Quick to act when a hostile grenade landed nearby, endangering the life of another marine, as well as his own, he unhesitatingly chose to sacrifice himself and immediately threw his body upon the deadly missile, receiving the full impact of the explosion. His great personal valor and cool decision in the face of almost certain death sustain and enhance the finest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1955 - Top Hits
“Rock Around the Clock” - Bill Haley & His Comets
“The Yellow Rose of Texas” - Mitch Miller
“Autumn Leaves” - Roger Williams
“I Don't Care” - Webb Pierce
    1956 - Elvis Presley surprises his mother with a gift of a pink Cadillac. The car will remain in the Presley family and eventually goes on display at Graceland.
    1956 - Johnny Cash hit the record charts running with "I Walk the Line". Cash's debut hit song climbed to #17 on the pop music charts.
    1957 - Jack Kerouac's "On the Road," depicting a generation of restless spirits, is published. "Regarded as the foundation text for the Beat movement, the book was written on a single scroll of paper, made up of 12-foot long sheets of tracing paper taped together and fed through a typewriter continuously, so Kerouac would not have to pause his train of thought. He wrote in fits of inspiration that lasted for days, fueled by amphetamine binges and lack of sleep. The entire process took 20 days and ended with a single spaced, 120-foot long scroll."
    1958 - Martin Luther King is arrested in an Alabama protest for loitering and fined $14 for refusing to obey police.
    1960 - Annette Funicello's "Pineapple Princess" entered the Billboard Pop chart, where it will reach #11.
    1960 - Cassius Clay of Louisville, KY won the gold medal in light heavyweight boxing at the Olympic Games in Rome, Italy. Clay would later change his name to Muhammad Ali and become one of the great boxing champions in the world. In 1996, at the Olympic Games in Atlanta, GA, Muhammad Ali was given the honor of lighting the Olympic flame.
    1961 - President John F. Kennedy signed the skyjacking law enacted by Congress. It made hijacking punishable by death or not less than 20 years imprisonment. Carrying a concealed or dangerous weapon was subject to a fine of $42,000 or imprisonment of not more than one year, or both. It did not provide for inspection of carry-on baggage, or persons, or any other implementation except for making it against the law. It was in reaction to a string of hijackings that followed the May 1, 1961 hijacking of an airplane by gun and knife to Havana. The press called them “ skyjackings” and thus a new word was also born.
    1963 - Top Hits
“My Boyfriend's Back” - The Angels
“Hello Mudduh, Hello Fadduh!” - Allan Sherman
“Blowin' in the Wind” - Peter, Paul & Mary
“Ring of Fire” - Johnny Cash
    1964 - The Animals’ "House of the Rising Sun" made it to #1. It stayed at the top until it was replaced three weeks later by Roy Orbison's "Oh, Pretty Woman". Orbison's smash was just entering the pop charts on this day, for a 14-week run.
    1964 - "And I Love Her" by The Beatles peaks at #12 on the pop singles chart while "If I Fell" peaks at #53.
    1964 - Manfred Mann's "Do Wah Diddy Diddy" is released.
    1965 - San Francisco Examiner writer Michael Fallon applies the term "hippie" to the SF counterculture in an article about the Blue Unicorn coffeehouse where LEMAR (Legalize Marijuana) and the Sexual Freedom League meet, declares the Beat movement is alive in the Haight-Ashley district as rents were cheap compared to the rest of the city and many
lived in the same flat, sleeping on the floor in groups.  Actually, “Hippie”
was a derogatory term to describe a “would be” hipster, a slang
used in Harlem, New York. It primarily referred to white “would be” hipsters who tried to be “black and hip,” but were not. They were called “hippies.”
    1965 - The Rolling Stones fly to Los Angeles to record "Get Off My Cloud" and other tunes.
    1966 - Labor Day opening of Martha and The Vandellas at the San Francisco Fillmore Auditorium.
    1968 - John Lennon takes a plane to Germany to begin filming his first and only major movie role, appearing as "Pvt. Gripweed" in director Richard Lester's latest movie, the WWI satire “How I Won the War”. While filming, Lennon is quite taken with the "granny glasses" his character uses, and begins to wear them upon returning home, resulting in a major piece of his visual iconography.
     1969 - Lt. William Calley is charged with six specifications of premeditated murder in the death of 109 Vietnamese civilians at My Lai in March, 1968. Calley, a platoon leader in Charlie Company, 1st Battalion, 20th Infantry, 11th Infantry Brigade (Light) of the 23rd (Americal) Division, had led his men in a massacre of Vietnamese civilians, including women and children, at My Lai 4, a cluster of hamlets that made up Son My village in Son Tinh District in Quang Ngai Province in the coastal lowlands of I Corps Tactical Zone on March 16, 1968. The company had been conducting a search and destroy mission as part of the yearlong Operation Wheeler/Wallowa (November 1967 through November 1968). In search of the 48th Viet Cong (VC) Local Force Battalion, the unit entered Son My village but found only women, children, and old men. Frustrated by unanswered losses due to snipers and mines, the soldiers took out their anger on the villagers, indiscriminately shooting people as they ran from their huts and systematically rounding up the survivors, allegedly leading them to nearby ditch where they were executed. Reportedly, the killing was only stopped when Warrant Officer Hugh Thompson, an aero-scout helicopter pilot landed his helicopter between the Americans and the fleeing South Vietnamese, confronting the soldiers and blocking them from further action against the villagers. The incident was subsequently covered up, but eventually came to light a year later.
    1970 - Estimated 6" of rainfall, Bug Point, Utah (state record)
    1970 - Joe Cocker's "Mad Dogs and Englishmen" enters the LP charts.
    1971 - Top Hits
“Uncle Albert/Admiral Halsey” - Paul & Linda McCartney
“Smiling Faces Sometimes” - The Undisputed Truth
“Spanish Harlem” - Aretha Franklin
“Easy Loving” - Freddie Hart
    1972 - Roberta Flack and Donny Hathaway won a gold record for their duet, "Where is the Love". The song got to number five on the pop music charts and was one of two songs that earned gold for the duo. The other was "The Closer I Get To You" (1978).
    1975 - Lynette A. “Squeaky” Fromme, a follower of convicted murderer Charles Manson, attempted to shoot President Gerald Ford. On September 22 of the same year, another attempt on Ford's life occurred when Sara Jane Moore shot at him.
    1975 - Strong winds reduced visibilities to near zero in blowing dust resulting in a 22-car chain reaction accident on Interstate 10 near Toltec, AZ. Two persons were killed, and 14 others were injured.
    1976 - During Jerry Lewis' annual Labor Day Telethon on NBC-TV, musical guest Frank Sinatra announces that he's brought a friend along -- and produces Dean Martin, Lewis' former comedy partner, who had not spoken to him since the duo's dissolution twenty years earlier. The tearful crowd erupts in laughter when Lewis greets Martin with, "So, you working?"
    1976 - No. 1 Billboard Pop Hit: "(Shake, Shake, Shake) Shake Your Booty," KC & the Sunshine Band.
    1978 - The Camp David Accords negotiations began at Camp David, MD.  The peace treaty was signed by President Anwar El Sadat of Egypt and Israeli Prime Minister Menachem Begin on 17 September 1978, following thirteen days of secret negotiations. The two framework agreements were signed at the White House, and were witnessed by President Jimmy Carter.
    1979 - Top Hits
“My Sharona” - The Knack
“After the Love Has Gone” - Earth, Wind & Fire
“Don't Bring Me Down” - Electric Light Orchestra
“Heartbreak Hotel” - Willie Nelson & Leon Russell
    1979 - Anne Myers, All-American basketball player from UCLA, made history by signing a contract with the Indiana Pacers of the NBA, the first woman to do so. Meyers worked out with the team throughout training camp but was cut before the season began.
    1981 - "Stop Draggin' My Heart Around" by Tom Petty and Stevie Nicks peaks at #3 on the singles chart; The Greg Kihn Band's "The Breakup Song (They Don't Write 'Em)" peaks at #15 and Foreigner's "Urgent" peaks at #4.
    1983 - Originally, this PBS news show was called “The MacNeil-Lehrer Report” and was on every weeknight for a half hour starting in 1976. Robert MacNeil and Jim Lehrer were joined by Charlayne Hunter-Gault and Judy Woodruff. In 1983, the show was expanded to an hour and became TV's first regularly scheduled daily hour news show. The show has been praised for its depth and objectivity. In 1995, Robert MacNeil retired and the show was retitled “The News hour with Jim Lehrer.”
    1986 - Dire Straits' "Money For Nothing" wins and MTV award for Best Video.
    1987 - "American Bandstand" was cancelled after 30 years on the air.
    1987 - Top Hits
“La Bamba” - Los Lobos
“I Just Can't Stop Loving You” - Michael Jackson with Siedah Garrett
“Only in My Dreams” - Debbie Gibson
“She's Too Good to Be True” – Exile
    1988 - Five days of heavy rain commenced in west central Florida. Up to 20 inches of rain in four days resulted in extensive urban flooding, and evacuation of 1000 homes. Flooding claimed four lives, and caused more than five million dollars property damage.
    1991 - R.E.M. wins 5 MTV Video Music awards, including video of the year for "Losing My Religion."
    1996 – Hurricane Fran batters Cape Fear, NC and the Outer Banks as a category 3 storm with 115 mph sustained winds, causes over $3 billion in damage and kills 27 people.
    1997 - Space Milestone: Voyager I was launched, setting a new distance record when, after more than 20 years in space, it reached 6.5 billion miles from Earth.
    1989 - Chris Evert's tennis career came to an end in the quarterfinals of the US Open when she was defeated, 7-6, 6-2 by Zina Garrison.
    1998 - Aerosmith's "I Don't Want to Miss a Thing" debuted at #1 on U.S. music charts. The song, from the movie, "Armageddon", was the first single by Aerosmith to reach number one. It stayed at the top through the entire month of September. 
    2007 -  Unknown at the time, Bob Sheppard works his last game at Yankee Stadium, a task he has performed over 4,500 times since becoming the team's P.A. announcer in 1951. The 96-year old 'Voice of God' is replaced by his longtime sub Jim Hall and Paul Olden, who will fill the position when the team moves to the new ballpark in 2009. 
    2010 - Bill Mazeroski looks on, on his 64th birthday, as four of his Pirates teammates unveil a 14-foot, 2,000-pound statue commemorating his walk-off home run in Game 7 of the 1960 World Series. The work includes an actual section of the left-center field wall over which the second baseman homered at the 406’ mark off Yankee hurler Ralph Terry in the Pirates’ 10-9 victory.

*** Randolph, Peyton (1721-1775), was an American lawyer who served as president of both the First and the Second Continental Congresses in 1774 and 1775. Those two meetings of colonial leaders at first sought fair treatment from Britain for the American Colonies but eventually declared independence. Randolph himself held moderate political views. He persuaded extreme patriots and those with more cautious views to work together.  Randolph was born in Williamsburg into one of Virginia's most respected families. He graduated from the College of William and Mary and then studied law at the Inns of Court in London. In 1748, Randolph became attorney general of Virginia. That year, he won election to the House of Burgesses, Virginia's legislature. In 1766, he became Speaker of the House.  The British governor of Virginia dissolved the House of Burgesses in 1774. Its members then met in a series of revolutionary conventions. Randolph was elected to preside over the conventions in 1774 and 1775. He headed Virginia's delegates to the First and Second Continental Congresses. He was elected as the first president of both meetings. He died in October 1775, five months after the Second Continental Congress began.



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- Banks Turn Toward Leasing for More Profit
- 15 Biggest Employers in the World
- Déjà vu on Proposed Lease Accounting Changes
- What $11.62 Trillion Worth of Household Debt Looks Like
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    California Lender’s License
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  Their Old Ones Are Slow?
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  Could Change Franchise Business
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  Opens New South Carolina Business Development Office
- Global Agreement on Financial Instrument Project
   No Longer Achievable
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   Today, Friday, First Day Ownership under CIT Bank
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    adds to financial service, such as “lease to own”
- This Day in American History
    Edited by Ralph Mango
- Dakota Financial saves $14,400 in document storage costs
   after deploying Office 365
- Programs to Protect Smartphones/Tablets/Laptops
- Who is Financing the Other Four?
    by Christopher Menkin
- Google & Facebook Utterly Dominate Mobile Advertising
- Microfinancial Reports $2.5 Million 2nd Quarter Profit
    Approves 410 New Dealers and Brokers
- Business Solar Panel Financing
     by Thomas L. Cadle, CLP
- Top Five Leasing Company Web Sites—
    in North America
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- Ascentium Capital Continues to Set Records
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- Canada's New Anti-Spam Law Active July 1, 2014
- PayPal Extends "No Interest" Small Business Loan Program
- Cisco predicts 61% Internet Traffic Wireless by 2018; Video 79% 
- Leasing News Icon for Android Mobile Device
- BBB Ratings --- Complaints Bulletin Board Companies
- BBB Leasing Company Ratings
- The Salary You Must Earn to Buy a Home in 27 Metros
- Lease Fleece Judge Verdict on Citibank Kingpin
- New CLP Designation---“Associate”
- Look for More Changes in Conducting Leasing
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   10K Gives Numbers
- “A Great Time to be in the Equipment Leasing Industry”
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- Take Your Banker to Lunch
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   Onset Financial/Mazuma Capital
- Lease Police Tips on Judging Vendors
- Netiquette: Rules of Behavior For Email and the Internet
- Alert: Rudy Trebels Back Soliciting Broker Business
- Fugitive Banker Accused of Faking Own Death
 Found Alive, Now Arrested
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- The Future of Digital: 2013
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Is Long Term Leasing Dead?
- 5 Ways Women Are Better Bosses Than Men
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Terry Winders, CLP, Custom Built Poker Tables
   ---Order One for Father’s Day
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Mazuma and Republic Bank Get Snared on PRR Provision
   by Tom McCurnin, Esq.
- Jeff Taylor's Leasing Predictions, Spring, 2006
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint 
   Purchase Option on EFA, Won’t Return $5,000 S.D.
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Republic Bank out of leasing?
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

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

   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs