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

kitmenkin@leasingnews.org
   

 

Press Release    
WE'RE HIRING at Our Minneapolis Headquarters
Credit Manager
This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More
Collections Representative
This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More
Please email cover letter and resume to: careers@channelpartnersllc.com

Monday, September 21, 2015



Today's Equipment Leasing Headlines

Position Wanted---Senior Management
  Seeking New Opportunities
Top Stories  September 14 - September 18
(Opened Most by Readers)
Funders Taking New Broker Business List
 BSB, Bankers Capital, Forum Leasing, TimePayment
Leasing #102 by Mr. Terry Winders, CLFP
  Broker/Lessor Assignment Protection
Leasing Industry Ads---Help Wanted
  Sales/Credit/Collection Positions
“Words Not to Use in Your Resume”
Career Crossroad---By Emily Fitzpatrick/RII
All the King's Horses and Men
  Cartoon
Purchase, Renewal, Return (“PRR”) Clauses
  by Christopher Menkin
Interim Rent: Proper Accounting Function for
Short Term Advances --- Or Is It a Scam?
  By Tom McCurnin, Leasing News Legal News Editor
Edward K. Gross Joins 25 Most Influential Lawyers
  in Equipment Finance and Leasing
How To Help Animals Displaced By
Northern California Wildfire Evacuation
Labrador Retreiver
Sonoma, California  Adopt-a-Dog
Classified Ad
  Outsource Lease Syndications
News Briefs---
Republican Job Killers and the Export-Import Bank
  Jeff Immelt, CEO, GE, et. al. Speak Out
M&T Bank doubles paid maternity leave
"12 weeks of full pay"
Enabling of Ad Blocking in Apple’s iOS 9
   Prompts Backlash by Others
Volkswagen to Stop Sales of Diesel Cars
    Involved in Recall—New and Used

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device

You May have Missed---
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   Poem
    Sports Briefs---
      California Nuts Brief---
       "Gimme that Wine"    
          This Day in American History
         SuDoku
           Daily Puzzle
             GasBuddy
               Weather, USA or specific area
                 Traffic Live----

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



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[headlines]

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Position Wanted---Senior Management
  Seeking New Opportunities

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at: 
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.

Senior-level leasing executive accomplished in sales, finance, operations and marketing. Seeking new opportunity to capitalize on my strategic, ideation, communication and analytical strengths to identify opportunities, formulate solutions and articulate strategies that inspire cross-functional teams to enhance corporate performance and shareholder value. Adept negotiator of multi-million dollar lease program agreements and contracts. Driver of increased sales productivity, incremental revenue, operating expense reductions and customer acquisition/retention.
reg.lindholm@gmail.com


 

[headlines]
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Top Stories  September 14 - September 18
(Opened Most by Readers)

(1) Employee Exodus at Direct Capital, Portsmouth, NH
     Customers and Vendors to Follow
       by Tom McCurnin, Leasing News Legal Editor
               and Christopher Menkin
http://leasingnews.org/archives/Sep2015/9_14.htm#employee

(2)  My Opinions on Major License Changes
        for Lease Financing in the State of California
  by Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Sep2015/9_18.htm#opinions

(3) In California, You had better have a license to lease
           by Kenneth C. Greene, Esq.
http://leasingnews.org/archives/Sep2015/9_16.htm#license

(4) Light Attendance at NAELB Atlanta Conference
              Report by Dwight Galloway, CLFP
http://leasingnews.org/archives/Sep2015/9_16.htm#light

(5) New Hires---Promotions in the Leasing Business
             and Related Industries
http://leasingnews.org/archives/Sep2015/9_18.htm#hires

(6) Pictures from the Past -- 1991
          Sudhir Amembal
http://leasingnews.org/archives/Sep2015/9_16.htm#pictures

(7)  California SB 197 Passed by Assembly
         Waiting for the Governor's Signature
http://leasingnews.org/archives/Sep2015/9_14.htm#sb

(8) Leasing #102 by Mr. Terry Winders, CLFP
        So You Want to Start a Leasing Company?
http://leasingnews.org/archives/Sep2015/9_14.htm#so

(9) Who Needs a Desk? Watch the Change
http://leasingnews.org/archives/Sep2015/9_16.htm#desk

(10) Did Audi and Porsche just unveil Tesla killers?
http://www.sfgate.com/cars/article/Did-Audi-and-Porsche-just-unveil-Tesla-killers-6506176.p

 

 

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Funders Taking New Broker Business List

BSB
Bankers Capital 
Forum Leasing
TimePayment

The following “funders” have informed Leasing News they will consider business from “new” third party originators.  Many companies require a
certain length of time in business and other requirements, such as a specific volume of business.  These “funders” will consider submissions from those new in the leasing and finance business:

Name
In Business Since 
Contact
Website
Leasing Association
Employees
Geo 
Area
Dollar
Amount
A
B
C
D
E

BSB Leasing, Inc.
1992 Colorado, Hawaii
Don Meyerson, Pres.DMyerson@bsbleasing.com
Bruce Zwillinger, Vice President800.945.3372 ext. 306bzwillinger@bsbleasing.co
Steve Crane, CLP
VP, Commercial Division
scrane@bsbleasing.com
Randy Propect, East Coastrpropect@bsbleasing.com
Vicki Shimkus,CLP 
West Coast Brokersvshimkus@bsbleasing.com
www.bsbleasing.com
NAELB
(click here for further description)

16
National
$5,000+
Y
N
N
Y
Y
Bankers Capital
1990
Larry LaChance - President
508-351-6000
llachance@bankers-capital.com
www.bankers-capital.com
NAELB, NEFA (footnote)
6
50 states
$25,000 +

Y

Y
N
N
N
Forum Financial Services, Inc.
1996
Tim O'Connor
972.690.9444 ext. 225
tim@forumleasing.com
240 Lake Park Blvd. Suite 112
Richardson, TX 75080
www.forumleasing.com
ELFA, NAELB, NEFA
7
Nationwide
$50,000 - $1.5 million (Our average size transaction is $250,000. Preferred range $100,000 - $500,000)
N/R
N/R
N/R
N/R
N/R
Timepayment Corp
(Subsidiary of
Microfinancial Corp.)
Burlington, Massachusetts
 1989
Contact Vince Faino
vince.faino@timepayment.com
 877-868-3800 x7002 
www.timepayment.com/lease-brokers
  NAELB
175
Nationwide
$500 to $100,000
Y
N
N
N
Y.

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

 

[headlines]
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Leasing Industry Help Wanted

 

Press Release    
WE'RE HIRING at Our Minneapolis Headquarters
Credit Manager
This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More
Collections Representative
This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More
Please email cover letter and resume to: careers@channelpartnersllc.com
 



For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.  

 

[headlines]
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(Terry retired January 1, 2015.  To honor him and his many years of writing for readers of Leasing News, is repeating several of his columns that are still meaningful today. Here is April 2, 2012.)

Broker/Lessor Assignment Protection


One of the most frustrating problems brokers or lessors have is the loss of control of a lessee when a funder does the invoicing. The problem is compounded when on occasion the transaction is sold again as part of a larger syndication. Many brokers and lessors have residual expectations and future business from these transactions that are in danger of being ignored if a lessee early terminates or the funder does not have a method to record the obligation to reassign the deal to the broker or Lessor. The question of how to solve this problem has been around as long as lease transactions have been sold or assigned.

Some companies, such as Financial Pacific, send a separate letter to the broker or lessor acknowledging that they have the right to the residual when all the payments and what are owed is complete. It is also common on funding sheets, such as from BSB Leasing or Bank of the West Indirect Leasing that the residual ownership is spelled out.

Whether you have such a document in writing or not, the best way of saving a customer/lessee is constant contact and/or request a status report each month on the deals you have sold to them so you can monitor the lessee progress and contact them 90 days prior to termination to determine their intention upon termination. First Federal Leasing out of Richmond, Indiana has been doing this for a long time and has become very popular with brokers and lessors.

Of course, it is always good salesmanship to keep in contact with your lessee, not just with birthday cards or a newsletter, but letting them know there is six months left on the contract and they should notify whoever is collecting the payments, they intend to exercise the purchase option. This is extremely important if you are no longer doing business with this company or the lease was sold from where it was originally placed.

Another excellent reason to stay in contact with the lessee. If the lessee is getting behind, the funder can call the lease in default and the broker or lessor then loses the residual, even if another assumes the lease. It is not only maintaining a better relationship with your funder, but also protecting your residual or ability to be able to fund another lease for the lessee.

One of the current problems comes from the fact that a lot of the transactions sold by lessors are Article 9 leases that are “leases intended as security”. They are essentially loans and are very often handled by funders who use installment loan software that has limited capabilities for leasing. Even if they use lease software it is usually restricted to the financial aspects of the deal and has no ability to record assignment parameters. In addition many funders have back office personnel handle lessee’s requests like early payoffs and end of the lease terminations. They do not have access to legal documentation or assignment agreements so when a lease/loan terminates they just close the books.

The only way that I can see to legally protect the agreement is to place language in the broker agreement that requires the funder to contact the broker prior to allowing a lease transaction too early terminate or fail to reassign upon termination of the rental stream. I would suggest one or two methods to accomplish this: Have a master broker agreement with this included and/or on the short assignment of each deal a statement of the individual transaction.

The problem, however, arises if the leasing company is sold or the leases are sold, or a bankruptcy occurs such as has happened with IFC Credit and the many Evergreen clauses enacted or “fair market value” when the original contract is $1.00. This is also common one leasing company buys another and the conditions then change.

So the actual funding sheet may help you, but a letter such as from Financial Pacific or actual assignment agreement spelling out the broker or lessor rights to the residual, are the best evidence to have.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

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“Words Not to Use in Your Resume”
Career Crossroad---By Emily Fitzpatrick/RII


Q: What Words should I NOT use in my Resume?
   
A:I have written previously regarding words to include in your resume (action and value words; see previous columns). There are also words that should not be included in your resume.

According to a recent survey, 17% of hiring managers spend 30 seconds or less reviewing resumes; 68% spend less than two minutes! These stats emphasize the importance of the words and phrases (as well as the look/layout) used in your resume. 

In addition to not using “vague” or overused expressions/clichés, e.g. “hard worker” (be specific with value/achievements); here are samples of words/terms/expressions hiring managers do not want to read:

Go-getter
Think outside of the box
Go-to person
Value add
Results-driven
Team player
Bottom-line
Hard worker
Dynamic
Detail-oriented
Self-motivated
Synergy

Replace these by focusing on skills related to the position you are applying for (this takes some time and thought). By focusing on results and accomplishments, you will have a better chance of the employer taking a longer look at your resume and credential.


Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

 

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Purchase, Renewal, Return ("PRR") Clauses
by Christopher Menkin

"PRR" clauses are in the category of "Evergreen Clauses" and "Wintergreen Clauses," where the lessee must notify the lessor of its intention, often 90 days in advance, regarding its intent toward the residual. Its abuse, when the lessee fails in notify the lessor, has resulted continuing automatic payments, ACH, until the lessee realizes what is happening. Worse is the Purchase, Renewal, Return clause ("PPR"). It basically is an automatic 12 month extension of the lease contract when there is not resolution or 90 day notification. The wording makes it a merry-go-round. In the case of Republic Bank, Bountiful, Utah, before they started winding down, they would not only discount the stream of payments but the 12 month "PPR" to the lessor.  One of their favorites was Mazuma Capital, Draper, Utah; who “merged” with Onset Financial, South Jordan, Utah, January, 2014 (1).

In the "Evergreen Section, "Leasing News identifies Marquette Equipment Finance, Midvale, Utah, Mazuma Capital Corp, Draper, Utah, Onset Financial, South Jordan, Utah, Pacific Western Equipment Finance, Cottonwood Heights, Utah, Tetra Finance Group, Salt Lake City, Utah 9 (2).  The evidence is from court cases as well as current leasing contracts that contain the provision.

A typical example comes from a court case involving Onset Financial:

“(Section 20:
n. Lessee's Options at Maturity of Base Period. At the maturity of the Base Period of any Lease, Lessee shall, provided at least one hundred fifty (150) days prior written notice is received by Lessor from Lessee via certified mail, do one of the following: (1) purchase the Property for a price to be determined by Lessor end Lessee, (2) renew the Lease for twelve (12) additional months at the rate specified on the respective Schedule, or (3) terminate the Schedule and return the Properly to Lessor at Lessee's expense to a destination within the continental United States specified by Lessor; provided, however, that for option (3) to apply, all accrued but unpaid late charges, interest, taxes, penalties, and any and all other sums due and owing under the Schedule must first be paid in full, the provisions of Sections 8f, 8g and 7d hereof must be specifically complied with, and Lessee must enter into a new Schedule with Lessor to lease Property which replaces the Property listed on the old Schedule. With respect to options (1) and (3), each party shall have the right in its absolute and sole discretion to accept or reject any terms of purchase or of any new Schedule, as applicable. In the event Lessor end Lessee have not agreed to either option (1) or (3) by the maturity of the Base Period, or if Lessee fails to give written notice of Its option via certified mail at least one hundred fifty (150) days prior to the maturity of the Base Period, or if an Event of Default has occurred under any Lease, then option (2) shall apply at the maturity of the Base Period. At the maturity of the renewal period provided for In option (2) above, the Lease shall continue in effect at the rate specified in the respective Schedule for successive periods of six (6) months each subject to termination at the maturity of any such successive six-month renewal period by either Lessor or Lessee giving to the other party at best thirty (30) days prior written notice of termination." (3)

  1. Mazuma-Onset Mergerhttp://leasingnews.org/archives/Jan2014/1_13.htm#merge
  2. Evergreen Clauses
    http://www.leasingnews.org/Pages/lease_expiration_evergreen.html
  3. Onset Contract
    http://leasingnews.org/PDF/OnsetContract.pdf 

 


(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)


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Interim Rent: Proper Accounting Function for 
Short Term Advances --- Or Is It a Scam?
By Tom McCurnin 
Leasing News Legal News Editor


Interim Rent is Legal in Most States that Have Considered the Matter
---But the Provision Has to be Fair, Clear and Unambiguous 

Interim rent is the vehicle to compensate the equipment lessor for the time between the deliveries of the equipment (usually coincides with funding) and the first regularly scheduled lease payment. Today’s article will discuss whether the practice is legal and how the lessor can maximize the revenue from this cash cow.

In re Edison Brother Store, 207 B.R. 801 (Bankr. Del. 1997)
Amplicon v Marshfield Clinic, 786 F.Supp. 1469 (W.D. Wisc. 1992)
All-Luminum Products, Inc. v Winthrop Resources, 28 Fed. App. 611 (8th Cir. 2002)
Underwriters Laboratories v Solarcom, (n.D. Ill. 2002).

Historical Application of Interim Rent

When I first entered leasing, interim rent was simply a matter of taking a single payment and dividing it by 30, then multiplying it by the number of days between the delivery and acceptance certificate and the next month’s payment, usually no longer than 29 days. Other lessors used the date of funding the invoice, which was generally within a day or two of the delivery, as the first day of interim rent. To my knowledge, interim rent rarely exceeded a month.

Some bright leasing executive figured out that because the interim rent was less than one of the stated monthly payments, the revenue would not reduce the balance on the equipment lease, and was therefore, 100% pure profit (except for cost of funds). It didn’t take long for lessors to figure out that increasing the time period of interim rent beyond the one month period would a windfall to the lessor. Enter the doctrine of quarterly payments.

Quarterly Payments

The equipment lessor Amplicon first used quarterly payments and interim rent in 1992. It was sued over the practice and, in a reported decision out of Wisconsin, the application of interim rent and quarterly payments was upheld.

The lessor’s sales pitch goes something like this:

Salespersons get the lessee on the phone and tell the lessee that “for the lessee’s convenience ” the lessor will agree” to quarterly payments on the leased equipment, so the lessee is no longer bothered with monthly checks. What the salesperson doesn’t tell the lessee is that the lessor will charge the lessee interim rent for the period between funding and the first payment, which could be as long as 89 days. The salesperson also doesn’t tell the lessee that the interim rent payment will not be credited against the account and does not reduce the lease balance.

The lessee gets a standard lease document which contains an interim rent provision, generally pays no attention to it, and signs the lease. When the lessee figures out that it just threw three months’ worth of payments down the drain, the lessor points to the provision which the lessee signed, and it’s all over but the crying.

In the Amplicon case referenced above, the lessee claimed that the interim rent provision was unfair. A heartless Wisconsin Federal Judge simply ruled that the issue was a matter of contract, and since the provision was clear and unambiguous, it would therefore be enforceable. It’s hard to disagree with this logic, because if the lessee doesn’t read or understand a commercial lease agreement, is it really the lessor’s duty to explain the minefields in the lease document?

The Legality of Interim Rent—Interim Rent Upheld

The issue of interim rent is not addressed in the Uniform Commercial Code, neither in Article 9 nor in Article 2A. The Code drafters were wise not to get bogged down in details and avoided legislating every aspect of equipment leases, so interim rent was left to contract provisions.

Cases interpreting interim rent have been kind
to the practice of interim rent.

In the Edison Brothers case above, the lessee claimed that interim rent was merely a device to increase the lessor’s yield. The Court disagreed, holding that it compensated the lessor for the lessee’s use of the equipment from installation until the date of the first payment.

In the All Luminum decision, the lessee argued that since the lease had a 7% yield, the 8th Circuit should essentially re-write the lease to lower interim rent to an interest only number. The court declined to do so.

Interim Rent Provisions Struck Down

The only case which casts doubt on the use of interim rent provisions is the Illinois decision ofUnderwriters. The facts of the Underwriters decision are interesting. Underwriters Labs (yes the same company that tests electrical fixtures) leased an enormous amount of solar equipment from the lessor Solarcom.

The lessee claimed that the lessee was promised by a salesperson that the quarterly payments would be all that would be owed, and no other payments would be collected. When the lessee received an invoice of $930,000 for interim rent, it offered to pay the lessor interest only on the obligation but balked at paying the huge interim rent amount. When the lessor refused the offer, the lessee sued.

The lessor filed a motion to dismiss. In considering the motion, the Court was troubled by the large interim rent provision. The court was further troubled by the nature of the transaction, an Article 9 lease, essentially a loan of money, yet the lessor expressed the obligation in the financial terms of a lease. The court noted that “If the parties had used documents tailored to the nature of the transaction—the lending of money—and had included a clause specifying that interest was payable at a specified rate for the period from the date the funds were advanced to the beginning of the quarterly period, [the lessee] would have nothing to complain about.” Consequently, the Court denied the lessor’s motion to dismiss. Although not covered by the opinion, the interim rent provision in the lessor’s lease is a little vague in my opinion. 

I don’t think that the Underwriters case is necessarily an aberration, as bad facts make bad law. The salesman may have misrepresented the transaction and the lessor’s documents were not terribly clear. It should be noted that the case settled a little over 90 days after this decision was rendered, so a compromise must have been reached.

Lessons for the Equipment Lessor

I have yet to find a case in which interim rent was charged on a monthly contract and was struck down. So for the vast majority of equipment lessors that use interim rent for its intended purposes, you should rest easy tonight. However, the Underwriters case should give the equipment lessor some pause.

First, let’s be honest here—quarterly payments and an interim rent provision is not for the convenience of the customer—it is almost 100% pure profit. If the lessor socks a lessee with 89 days’ worth of interim rent, do you think the lessor will get that repeat business from that lessee?

Second, if your company is drafting an interim rent provision, make it clear and unambiguous, so a high school senior could understand the provision. For those judges who defer to contractual provisions, this may carry the day.

Third, if a complaint regarding interim rent is received, have in place a structure to elevate the complaint to somebody who understands litigation and risk. Since the interim rent is almost 100% pure profit, the lessor can afford to be magnanimous.

Fourth, sales personnel should obviously not misrepresent the contents of a lease, nor make contradictory statements about the intent of the lessor or the effect of a particular clause. I’ve often thought that sales conversations should be recorded so the issue of misrepresentation can be settled once and for all.

Finally, lessees should obviously read contracts before signing them, and quite frankly, the issue of interim rent and quarterly payments is such a loaded issue, that red flags should be raised.

The bottom line to interim rent is that the vast majority of lessors use it for its intended purpose—to compensate the lessor for the time period between funding and the first schedule payment, usually 29 days or less. However, when quarterly payments are coupled with interim rent, the lessor’s profit and risk increases significantly.

All-Luminum Case
http://www.leasingnews.org/PDF/InterimRentAllLuminumCase_32014.pdf

Amplicon Case
http://www.leasingnews.org/PDF/InterimRentAmpliconCase_32014.pdf

Edison Case
http://www.leasingnews.org/PDF/InterimRentEdisonCase_32014.pdf

Underwriters Case
http://www.leasingnews.org/PDF/InterimRentUnderwritersCase_32014.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting
in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 

(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)

 

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Edward K. Gross Joins 25 Most Influential Lawyers
in Equipment Finance and Leasing

Edward K. Gross is considered an industry leader in business aircraft finance, especially jet aircraft and helicopters. These transactions vary in structure and include tax and non-tax lease and secured loan financing of managed and/or chartered aircraft, air taxi and air ambulance fleet and engine pools, and aircraft operated under fractional and "pay card" arrangements. Clients include large publicly or privately held businesses, governmental entities or high-net-worth individual users. Many of these transactions involve foreign registered aircraft. Many clients rely on Mr. Gross in syndication transactions, including large portfolio purchases, "one-off" sales and assignments, discounting, back-leveraging and participation transactions.

He has prepared equipment lease, loan and syndication forms for many of the most active financing providers in the industry. He has over 30 years of experience representing bank-affiliated and large, independent equipment financing companies in all aspects of equipment finance transactions, including documenting, structuring, negotiating, syndicating and enforcement. Mr. Gross was elected as Fellow to the American College of Commercial Finance Lawyers in 2011, and elected as Regent to the College in 2012. He has been recognized by the Equipment Leasing and Finance Association (ELFA), receiving the Distinguished Service Award in 2008 and ELFA’s Legal Committee Edward A. Groobert Excellence in Leasing Award in 2011.

List to Date
Stewart Abramson
Andrew Alper

Thomas V. Askounis

Julie Babcock
Joe Bonanno, CLFP
Bill Carey
Richard Contino
James Coston, CLFP
Jonathan Fleisher
Kenneth Charles Greene, Esq.
Michael A. Leichtling
Malcolm C. Lindquist 
Barry Marks, Esq., CLFP
David G. Mayer
Frank Peretore
John G. Sinodis 
Ellen Michelle Stern
Mark Stout
Kevin Trabaris
Mark Wada 
Michael J. Witt
Irwin Wittlin
Our Legal Editor, Tom McCurnin, has recused himself
from any nominations.

Leasing News is looking for nominations for the Top 25 most preeminent lawyers in the finance and leasing business who are still active. This is not a popularity contest or who was the most beneficial, but most influential. We would like a nomination and a minimum of a paragraph of the reasons you consider this person one of the top 25.

"Influential" as "a person whose actions and opinions strongly influence the course of events." "Preeminent" is "eminent above or before others; superior; surpassing:" {Online Dictionary}

Please email nominations to kitmenkin@leasingnews.org


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How To Help Animals Displaced By
Northern California Wildfire Evacuation

http://www.huffingtonpost.com/entry/how-to-help-pets-affected-by-the-northern-california-wildfires_55f6cf0ee4b042295e36c07c

 

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Labrador Retreiver
Sonoma, California  Adopt-a-Dog


“Rider is a big (60lbs), goofy boy who loves to play. He knows sit, down, and shake and is eager to learn more. Getting him into a class will help put the finishing touches on this great dog. Rider loves to meet new dogs, but can come on a little strong at times. A tolerant dog similar in size would be a good fit. Cats will likely be too fun to chase. Rider is a lot of dog for young kids, but we think kids 10+ would be a good fit. At 3-years-old, this gorgeous Border Collie mix will be the perfect new family member in the right home. Meet Rider today!

“P.S. Since Rider is over 50lbs he qualifies for our 50% off adoption promotion through the end of September!”

http://sonomahumane.org/adopt/dogs/

Adoption Center
Open 7 days a week noon to 6PM

Tel: 707.542.0882

Sonoma Humane Society
5345 Highway 12 West
Santa Rosa, California
(707) 542-0882
http://www.sonomahumane.org

Adopt a Pet
http://www.adoptapet.com/

[headlines]
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Outsource Lease Syndications
Add a capital markets independent contractor and offer world-class syndications (buy and/or sell) capability for commission-based compensation. 30+ Years’ experience with major lessors (BofA, Chase, Fleet, Verizon).  Sales, underwriting, capital markets and executive background. Ivy League undergrad and MBA. Well known in industry. Impeccable references.  dana@fairfieldcapital.net or (203) 652-1387

 

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John Kenny

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john@jkrmdirect.com | ph 315-866-1167
www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

[headlines]
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News Briefs---

Republican Job Killers and the Export-Import Bank
  Jeff Immelt, CEO, GE, et. al. Speak Out
http://www.nytimes.com/2015/09/19/opinion/joe-nocera-republican-job-killers-and-the-export-import-bank.html?_r=0

M&T Bank doubles paid maternity leave
http://wivb.com/2015/09/18/mt-bank-doubles-paid-maternity-leave/

Enabling of Ad Blocking in Apple’s iOS 9
http://www.nytimes.com/2015/09/19/technology/apple-ios-9s-enabling-of-ad-blocking-prompts-backlash.html?ref=business

Volkswagen to Stop Sales of Diesel Cars Involved in Recall—New and Used
http://www.nytimes.com/2015/09/21/business/international/volkswagen-chief-apologizes-for-breach-of-trust-after-recall.html?ref=business




[headlines]

--------------------------------------------------------------



--You May Have Missed It

Emmy Awards: Complete winners list
http://www.hollywoodreporter.com/lists/emmy-winners-2015-complete-results-825450/item/lead-actress-a-drama-series-825571


[headlines]
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SparkPeople--Live Healthier and Longer



What Does 100 Calories Look Like?
Learn How to Estimate Portion Sizes
http://www.sparkpeople.com/resource/nutrition_articles.asp?id=1987


[headlines]
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Silly Question

by

Papa Joe Chevalier

Of course I like Baseball!
I like;
All nine innings and knee high strikes
The diamond cut by flashing spikes.
The infield hit, a long home run
Doubleheaders, the radar gun.
The curve, the knuckler, slider and splitter
A slugfest or the chance no-hitter.
The majors, the minors, the kids, the vets
The "Whiz Kids," the "Amazing Mets."
The squeeze bunt and the hit and run
The double steal on three and one.
Both real and artificial grass.
The routine grounder or astro turf hop.
Signs to take and signs to steal
Beating the deadline with a late night deal.
The brush back pitch, the managers warned
The visiting star locally scorned.
Balls with eyes and rain delays
Around the horn double plays.
Walking leads and frozen ropes
Bloops, blasts and springtime hopes.
The game of the week and cable TV
Descriptions like "Good field-no-hit
Or "Say goodbye baseball" at Safeco Field
Diving catches and trapped fly balls
Coaches sweating on 3-2 calls.
The pickoff move and stealing home
Games in the sun or under a dome.
Walks, balks, and fielders choices
An irate skipper getting the gate.
Cold soda, peanuts and ball park franks
Sometimes even the New York Yanks.
For all this and more I have good reason
To be pleased that it's Baseball season.
And if you guys don't mind suggestions,
Go somewhere else with your silly questions!

 


[headlines]

--------------------------------------------------------------


Sports Briefs----

 

Cowboys QB Tony Romo injured; Jerry Jones:
  'Just about as low as a crippled cricket's ass'
http://www.dallasnews.com/sports/dallas-cowboys/20150920-cowboys-qb-tony-romo-injured-jerry-jones-just-about-as-low-as-a-crippled-cricket-s-ass.ece

Cowboys survive loss of Romo, hold off inept Eagles
http://www.nfl.com/news/story/0ap3000000535381/article/cowboys-survive-loss-of-romo-hold-off-inept-eagles

Packers step to front of NFC with win over Seahawks
http://www.usatoday.com/story/sports/nfl/packers/2015/09/21/seattle-seahawks-aaron-rodgers-green-bay-russell-wilson/72547620/

Stunner in Oakland: Raiders top Ravens in shootout
http://www.nfl.com/news/story/0ap3000000535367/article/stunner-in-oakland-raiders-top-ravens-in-shootout

49ers routed 43-18 in Steelers home opener
http://blogs.mercurynews.com/49ers/2015/09/20/final-49ers-routed-43-18-in-steelers-home-opener/

Giants Collapse Again, This Time at Home
   Against the Atlanta Falcons
http://www.nytimes.com/2015/09/21/sports/football/giants-collapse-again-this-time-at-home-against-the-atlanta-falcons.html?_r=0

Matt Jones and Alfred Morris power Redskins’
    24-10 win over the Rams
https://www.washingtonpost.com/sports/redskins/matt-jones-and-alfred-morris-power-redskins-24-10-win-over-the-rams/2015/09/20/e267e67e-5fcd-11e5-8e9e-dce8a2a2a679_story.html

Johnny Manziel has his moment against Marcus Mariota,
   but what does it mean?
http://www.usatoday.com/story/sports/nfl/browns/2015/09/20/johnny-manziel-marcus-mariota-cleveland-tennessee-titans/72527244/

Patriots had perfect plan to neutralize Bills’ blitzes
http://www.bostonglobe.com/sports/2015/09/20/patriots-had-perfect-plan-neutralize-bills-blitzes/Z6nTf7UkevMhyDqfqnsqUK/story.html

Oakland dumping Coliseum development:
  What’s next for Raiders?
http://www.sfgate.com/bayarea/article/Oakland-dumping-Coliseum-develoment-What-s-6515880.php

 


(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

 

[headlines]
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California Nuts Briefs---

Valley Fire: Many Lake County residents, already suffering from poverty and poor health, besieged again
http://www.contracostatimes.com/breaking-news/ci_28844746/valley-fire-many-lake-county-residents-already-suffering

New wildfire in Northern California kills 1; damage mounts
http://www.sacbee.com/news/article35883171.html


[headlines]
--------------------------------------------------------------


“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Randall Grahm’s Grand California Experiment
http://www.winemag.com/October-2015/Randall-Grahms-Grand-California-Experiment/

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm

[headlines]
----------------------------------------------------------------

This Day in American History

     1596 - Spain named Juan de Oñate governor of the colony of New Mexico.
In 1595 he was granted a request by King Philip II to colonize the northern frontier of the Viceroyalty of New Spain. His stated objective was to spread Roman Catholicism by establishing new missions in Nuevo México. His real quest was to discover treasure and sent out small parties to look for gold and silver.  He began the expedition in 1598 with 700 people, fording the Rio Grande (Río del Norte) near present day El Paso in late April. On April 30, 1598, he claimed all of the territory across the river crossing to the north for the Spanish Empire. That summer his party continued up the middle Rio Grande Valley to present day northern New Mexico, where he encamped among the Pueblo Indians. Gaspar Pérez de Villagrá, a captain of the expedition, chronicled Oñate’s conquest of New Mexico’s indigenous peoples in his epic Historia de la Nueva México in 1610. Oñate demanded that the indigenous population pledge loyalty to Spain and the Pope, an edict enforced by Spanish soldiers. As subjects of Spain, the indigenous population was required to pay taxes and tribute to the Spanish crown. In 1599, the Acoma refused to deliver the required "food tax" to the Spanish. An altercation ensued, and the Acoma killed 13 Spaniards, including Oñate's nephew. Oñate ordered that the village be destroyed. There were only about 200 Acoma survivors out of a population of nearly 2,000. Indian men of fighting age were sentenced to foot amputation, followed by 20 years of servitude. Others were sentenced to the amputation of their hands. Children were sent to Mexico to be raised by missionaries, but some scholars believe they were eventually sold on the slave market. Years later, Oñate was tried in Mexico City and convicted on a dozen charges, including using excessive force against the Acoma. He was banished from New Mexico for the rest of his life and was exiled from Mexico City for five years. He lived the rest of his life in Spain.
http://www.pbs.org/pov/lastconquistador/background.php
http://memory.loc.gov/ammem/today/sep21.html
    1673 - James Needham returned to Virginia after exploring the land to the west, which would become Tennessee.
    1677 - John and Nicolaas van der Heyden patented the fire extinguisher
    1776 - Nathan Hale was arrested in NYC by the British for spying for American rebels.  He was hanged the next day after uttering the words by which he is remembered to this day, “I only regret that I have but one life to lose for my country”.  He was 21.
    1776 – New York City was burned down in the Great Fire five days after British took over.
    1780 - General Benedict Arnold, American commander of West Point, met with British spy Major John André to hand over plans of the important Hudson River fort to the enemy. Unhappy with how General George Washington treated him and in need of money, Arnold planned to "sell" West Point for 20,000 pounds--a move that would enable the British to cut New England off from the rest of the rebellious colonies. Arnold's treason was exposed when André was captured by American militiamen who found the incriminating plans in his stocking. Arnold received a timely warning and was able to escape to a British ship, but André was hanged as a spy on October 2, 1780. Condemned for his Revolutionary War actions by both Americans and British, Arnold lived until 1801.
    1782 – Philadelphia printer Robert Aitken petitioned Congress to authorize him to print the complete Bible in English. It was entitled “the Holy Bible, containing the Old and New Testaments—newly translated out of the original tongues; and with the former translations diligently compared and revised.  The frontispiece noted that it was “printed and sold by R. Aitken, at Pope’s Head, Three doors above the Coffee House in Market Street, Philadelphia, PA, 1782.” It was a duodecimo of 353 pages without pagination. Philadelphia, PA, in 1782
    1784 - The first daily newspaper begins in Pennsylvania, “Pennsylvania Packet and Daily Advertiser”.
(Lower half of: http://memory.loc.gov/ammem/today/sep21.html )
    1814 - Black troops cited for bravery in Battle of New Orleans.
On each page of history
America sees my face
On each page of history
We leave a shining trace
On each page of history, My race! My race! My race!
---Langston Hughes
http://lsm.crt.state.la.us/cabildo/cab6.htm
    1814 – Francis Scott Key’s “Defence of Ft. McHenry” was first published as a poem; later named the “Star-Spangled Banner”.
    1858 - Birthday of Annie Sturges Daniel (1858-1944) in NYC.  Pioneering U.S. physician who developed the "out-practice" service in New York City, the system of physicians going to the homes of the poor, usually the tenements of the lower east side. She particularly fought the household sweat shops where the poor - mostly women and children - were forced to use their limited living space to produce clothing. However, because she was one of the foremost authorities on tenement living, she did not try to eliminate home sweat shops because the income was vital to the families. Instead, she lobbied various city and state committees to regulate the conditions and force a raise in the wages for the work. One of her most effective methods was to publicize the working conditions under which the clothing was manufactured and to warn consumers of the threat of disease being carried in the clothing.
    1884 - Birthday of Hugh I. “Shorty” Ray (1884-1956) at Highland Park, IL. Pro football Hall of Fame official was the NFL Supervisor of Officials from 1938-1952. He wrote the high school rule book that became the basis for all football rule books. He raised the quality of officiating games, conducting seminars and requiring officials to take written exams.  Inducted into the Pro Football Hall of Fame in 1966.
    1894 - A heavy chicken house, sixteen by sixteen feet in area, was picked up by a tornado and wedged between two trees. The hens were found the next day sitting on their eggs in the chicken house, with no windows broken, as though nothing had happened.
    1897 – “Yes, Virginia, there is a Santa Claus" editorial was published in the New York Sun.  
    1903 – Preston Tucker (1903-56) was born in Capac, MI.  He is most remembered for his 1948 Tucker Sedan (known as the "Tucker '48" and initially nicknamed the "Tucker Torpedo"), an automobile which introduced many features that have since become widely used in modern cars. Production of the Tucker '48 was shut down amidst scandal and controversial accusations of stock fraud on March 3, 1949.  Many believe this was a behind-the-scenes machination orchestrated by the other automobile manufacturers to eliminate innovative competition.
    1903 - Pitching for the third time in four games, Christy Mathewson kept the Giants in 2nd place by beating the Cubs, 8-3.  It was his 30th win of the year.
    1910 – In a minor league game at Atlanta, Mobile and Atlanta broke the "world's time record" for a 9-inning game, completing the match in 32 minutes. Mobile won, 2-1. Both teams run in after each inning, hitters usually swing at the first pitch, though there is one walk and four stolen bases in the game.
    1912 - Birthday of Chuck Jones (1912-2002), born at Spokane, WA. Chuck Jones worked as a child extra in Hollywood in the 1920s. After attending art school, he landed a job washing animation cells for famed Disney animator Ub Iwerks. He learned the craft, and, by 1962, he headed his own unit at Warner Bros. Animation. He created the characters Road Runner and Wile E. Coyote, Marvin the Martian and Pepe le Pew. He worked on the development of Bugs Bunny, Elmer Fudd, Daffy Duck and Porky Pig, and also produced, directed and wrote the screenplay for the animated 1966 television classic “Dr. Seuss How the Grinch Stole Christmas.” He won several Academy awards for his work and his cartoon “What’s Opera, Doc” is in the National Film Registry.
    1914 - Bassist Slam Stewart (1914-87) was born Leroy Eliot Stewart, Englewood, NJ
    1918 - Bassist Tommy Potter (1918-88) born Philadelphia.
    1919 - The Cubs beat the Braves, 3-0, in 58 minutes. It took the Brooklyn Robins 55 minutes to beat the Reds, 3-1 as Slim Sallee threw 65 pitches, topping Christy Mathewson’s 69-pitch complete game. One week later, the Giants ended the season by beating the Phillies, 6-1, in a record 51 minutes.
    1921 - Birthday of drummer Chico Hamilton (1921-2013) in LA.
http://music.barnesandnoble.com/search/artistbio.asp?userId=&mscssid=&pCount=
&sRefer=&sourceid=&ctr=70348

    1922 - President Warren G Harding signed a joint resolution of approval to establish a Jewish homeland in Palestine.
    1931 - In the depths of the Depression, Americans had lost their faith in the nation's banking system. Despite President Hoover's various attempts to rekindle confidence, including temporary halts on debts and reparations, the nation remained wary. On September 21, 1931, that feeling of insecurity grew more pronounced with the announcement that Great Britain had decided to abandon the gold standard. Most people assumed that the United States would follow suit and pull out of the precious metal. Since gold was the standard bank reserve, the public also assumed that any money they had in the banks would be at risk. A mini-panic ensued as people rushed to withdraw their savings and stockpile any available gold. By the end of October, 1931, 827 banks had been forced to shut down. The public's suspicions, meanwhile, proved to be a bit premature, as the government did not give up the gold standard until 1933.
    1931 – Larry Hagman (1931-2012) was born in Ft. Worth, TX.  Hagman was the son of actress Mary Martin, who played “Peter Pan” on Broadway.  After six seasons as Maj. Anthony Nelson in the hit series, “I Dream of Jeannie” (1965-70), he was cast as the heavy in “Dallas” (1978-91) as oil tycoon J.R. Ewing.
    1934 – Singer/composer/musician/poet Leonard Cohen born Montreal, Canada.
http://www.leonardcohen.com/
www.leonardcohenfiles.com/
http://members.aol.com/megan2c2b/
http://www.webheights.net/dearheather/songs.html
    1934 - The Deans shut out the Dodgers. After Dizzy 3-hit them in a 13-0 victory, allowing no hits until the 8th, brother Paul threw a no-hitter, 3-0. Diz said: "If'n Paul had told me he was gonna pitch a no-hitter, I'd of throwed one, too."
    1938 - A great hurricane smashed into Long Island and bisected New England, causing a massive forest blow down and widespread flooding. Winds gusted to 186 mph at Blue Hill, MA, and a storm surge of nearly thirty feet caused extensive flooding along the coast of Rhode Island. The hurricane killed 600 persons and caused 500 million dollars damage. The hurricane, which lasted twelve days, destroyed 275 million trees. Hardest hit were Massachusetts, Connecticut, Rhode Island and Long Island, NY. The "Long Island Express" produced gargantuan waves with its 150 mph winds, waves which smashed against the New England shore with such force that earthquake-recording machines on the Pacific coast clearly showed the shock of each wave.
    1942 – The B-29 Superfortress bomber that would later carry the atomic bombs to Nagasaki and Hiroshima made its maiden flight from Boeing Field, Seattle.
    1944 - TOWLE, JOHN R., Medal of Honor.
Rank and organization: Private, U.S. Army, Company C, 504th Parachute Infantry, 82d Airborne Division. Place and date: Near Oosterhout, Holland, 21 September 1944. Entered service at: Cleveland, Ohio. Birth: Cleveland, Ohio. G.O. No.: 18, 15 March 1945. Citation. For conspicuous gallantry and intrepidity at the risk of life above and beyond the call of duty on 21 September 1944, near Oosterhout, Holland. The rifle company in which Pvt. Towle served as rocket launcher gunner was occupying a defensive position in the west sector of the recently established Nijmegen bridgehead when a strong enemy force of approximately 100 infantry supported by 2 tanks and a half-track formed for a counterattack. With full knowledge of the disastrous consequences resulting not only to his company but to the entire bridgehead by an enemy breakthrough, Pvt. Towle immediately and without orders left his foxhole and moved 200 yards in the face of Intense small-arms fire to a position on an exposed dike roadbed. From this precarious position Pvt. Towle fired his rocket launcher at and hit both tanks to his immediate front. Armored skirting on both tanks prevented penetration by the projectiles, but both vehicles withdrew slightly damaged. Still under intense fire and fully exposed to the enemy, Pvt. Towle then engaged a nearby house which 9 Germans had entered and were using as a strongpoint and with 1 round killed all 9. Hurriedly replenishing his supply of ammunition, Pvt. Towle, motivated only by his high conception of duty which called for the destruction of the enemy at any cost, then rushed approximately 125 yards through grazing enemy fire to an exposed position from which he could engage the enemy half-track with his rocket launcher. While in a kneeling position preparatory to firing on the enemy vehicle, Pvt. Towle was mortally wounded by a mortar shell. By his heroic tenacity, at the price of his life, Pvt. Towle saved the lives of many of his comrades and was directly instrumental in breaking up the enemy counterattack.
    1945 – Film and TV producer Jerry Bruckheimer was born in Detroit.  His best known television series are “CSI:  Crime Scene Investigation”, “CSI”, “CSI: Miami”, “CSI:  NY”, “Without a Trace”, “Cold Case”, and the U.S. version of “The Amazing Race”. At one point, three of his TV series ranked among the top 10 in the U.S. ratings—a unique feat in television.  Some of his best-known films include “Beverly Hills Cop”,  “Flashdance”, “Top Gun”, “The Rock”, “Con Air”, “Armageddon”, Pearl Harbor”, “Pirate of the Caribbean”, and the “National Treasure” franchise.
    1947 – Top Hits
Peg o’ My Heart – The Harmonicats
That’s My Desire – The Sammy Kaye Orchestra (vocal: Don Cornell)
I Wonder Who’s Kissing Her Now – Perry Como
Smoke! Smoke! Smoke! (That Cigarette) – Tex Williams
    1947 – Birthday of author Stephen King, born Portland, ME.
    1948 – “Texaco Star Theater” premiered. I remember around six years old watching this, and laughing at Milton Berle in women’s clothing, the group of us sitting around the television on the block, marveling at this invention.
    1949 – Wesley Anthony Brown (1927-2012) of Washington, DC, became the first African-American Naval Academy Graduate when he received his commission as ensign.
    1950 – Comedian/Actor Bill Murray born Evanston, IL.
    1955 – Top Hits
“The Yellow Rose of Texas” – Mitch Miller
“Maybellene” – Chuck Berry
“Love is a Many-Splendored Thing” – The Four Aces
“I Don’t Care” – Webb Pierce
    1955 – The Platters’ first million seller, “Only You”, enters the pop charts at #24. The song hits Number One on the R&B chart. It becomes the first record to sell more than a million copies in France.
    1955 – Boxing fans all over the world held their collective breaths as Archie Moore, the light heavyweight champion, knocked the heavyweight champion, Rocky Marciano, to the floor on this night. But the champ got up ... just as he had done in every fight before this ... and went on to defeat Moore. Rocky Marciano was the only world champion at any weight to have won every fight of his professional career (1947 to 1956). 43 of his 49 fights were won either by KO’s or because the fight had to be stopped.
    1956 - 1B Moose Skowron had 5 hits, but the Yankees stranded a record 20 base runners in losing to the Red Sox at Fenway, 13-9. Mickey Mantle, on his way to the Triple Crown, sent a 480-foot home run into the center field bleachers that landed a foot from the top. His 3 hits raised his average to .352, 4 points behind Ted Williams.
    1957 – “Perry Mason” premiered on television. Raymond Burr will forever be associated with the character of Perry Mason, a highly skilled criminal lawyer who won the great majority of his cases. Episodes followed a similar format: the action took place in the first half, with the killer’s identity unknown, and the courtroom drama took place in the latter half. My father, Lawrence Menkin, was the story editor for several years, and also wrote several of the episodes. Mason was particularly adept at eliciting confessions from the guilty parties. Regulars and semi-regulars included Barbara Hale as Mason’s secretary Della Street, William Hopper as Mason’s PI, Paul Drake, William Talman as prosecutor Hamilton Burger, and Ray Collins as police Lt. Tragg (who when he got old, moved slowly, so Talman and Burr liked to pinch his butt, even on camera, to get him moving, and the crew sometimes would laugh too much and they would have to shoot the scene over, I remember my father telling me). Following the series’ end, with the last telecast on Jan 27, 1974, a number of successful “Perry Mason” TV movies aired and the show remains popular in reruns.
    1961 – Birthday of American composer Michael Torke, born Milwaukee, WI.
    1961 – The U.S. Army’s 5th Special Forces Group (Airborne), 1st Special Forces, is activated at Fort Bragg, North Carolina. The Special Forces were formed to organize and train guerrilla bands behind enemy lines. President John F. Kennedy, a strong believer in the potential of the Special Forces in counterinsurgency operations, visited the Special Warfare Center at Fort Bragg to review the program and authorized the Special Forces to wear the headgear that became their symbol, the Green Beret.
    1961 – No. 1 Billboard Pop Hit:  “Take Good Care of My Baby,’’ Bobby Vee. The song was written by Gerry Goffin and Carole King.
    1962 – A song called “Silver Threads and Golden Needles” by The Springfields became the first British record to crack the US Top 20. The vocal group was made up of Tim Field, Tom Springfield and his sister Dusty, who would go on to have her own solo hits like “I Only Want To Be With You”.
    1963 – Top Hits
“Blue Velvet” – Bobby Vinton
“Heat Wave” – Martha & The Vandellas
“Sally, Go ’Round the Roses” – The Jaynetts
“Abilene” – George Hamilton IV
    1963 – “Sugar Shack” by Jimmy Gilmer & the Fireballs enters the Hot 100. It says there for 15 weeks and climbs to Number One for five weeks starting on October 12. It receives a gold record on November 29.
    1963 – Yogi Berra hit the 358th HR of his career, his last.
    1965 – The Jefferson Airplane opens for Lightnin’ Hopkins at the Matrix on Fillmore St. in San Francisco.  Norm Mayell backed Hopkins on drums.
He patted him on the back no sooner Mr. Charlie had stooped over
He said, mi’mi mi’mi Mr. Charlie
Mr. Charlie straightened up and looked at him & say
Boy you tryin' to tell me Charlie
He say, Now if you can’t talk it then sing it
& he say
oooooooohhhh mister Charlie
your rollin mill is burnin down
— Lightnin Hopkins, Once in the Country
    1966 - *LAUFFER, BILLY LANE, Medal of Honor
Rank and organization: Private First Class, U.S. Army, Company C, 2d Battalion, 5th Cavalry, 1st Air Cavalry Division. Place and date: Near Bon Son in Binh Dinh province, Republic of Vietnam, 21 September 1966. Entered service at: phoenix, Ariz. Born: 20 October 1945, Murray, Ky. Citation: For conspicuous gallantry and intrepidity in action at the risk of his life above and beyond the call of duty. Pfc. Lauffer’s squad, a part of Company C, was suddenly struck at close range by intense machine gun crossfire from 2 concealed bunkers astride the squad’s route. Pfc. Lauffer, the second man in the column, saw the lead man fall and noted that the remainder of the squad was unable to move. Two comrades, previously wounded and being carried on litters, were Lying helpless in the beaten zone of the enemy fire. Reacting instinctively, Pfc. Lauffer quickly engaged both bunkers with fire from his rifle, but when the other squad members attempted to maneuver under his covering fire, the enemy fusillade increased in volume and thwarted every attempt to move. Seeing this and his wounded comrades helpless in the open, Pfc. Lauffer rose to his feet and charged the enemy machine gun positions, firing his weapon and drawing the enemy’s attention. Keeping the enemy confused and off balance, his 1-man assault provided the crucial moments for the wounded point man to crawl to a covered position, the squad to move the exposed litter patients to safety, and his comrades to gain more advantageous positions. Pfc. Lauffer was fatally wounded during his selfless act of courage and devotion to his fellow soldiers. His gallantry at the cost of his life served as an inspiration to his comrades and saved the lives of an untold number of his companions. His actions are in keeping with the highest traditions of military service and reflect great credit upon himself, his unit, and the U.S. Army.
    1968 – It was rare that a Country tune could top the Billboard Pop chart, but Jeannie C. Riley’s “Harper Valley P.T.A.” did just that. The record sold over 1,750,000 copies in the first two weeks after its release. Although she never cracked the top 50 on the Pop chart again, Riley went on to have several big Country hits.
    1968 – Jimi Hendrix’s “All Along the Watchtower” is released in the US where will become his only Top 40 hit single, topping out at number 20.
    1968 – Rapper Trugoy the Dove of De La Soul is born.
    1970 – The first “Monday Night Football” premiered. Following the complete merger of the American Football League and the National Football League, ABC joined CBS and NBC in televising weekly games. The show originally began as an experiment but soon became an institution. Announcers Howard Cosell, Keith Jackson and Don Meredith called the first game, a 31-21 victory by the Cleveland Browns over the New York Jets.
http://espn.go.com/abcsports/mnf/s/alltimehistory.html
    1971 - Top Hits
“Go Away Little Girl” - Donny Osmond
“Spanish Harlem” - Aretha Franklin
“Ain’t No Sunshine” - Bill Withers
“The Year That Clayton Delaney Died” - Tom T. Hall
    1972 - No. 1 Billboard Pop Hit:  “Baby Don't Get Hooked on Me,'' Mac Davis.
    1974 - Canada's Bachman-Turner Overdrive release "You Ain't Seen Nothin' Yet", which will become their third US Top 30 entry and their only number one.
    1974 - The Rolling Stones' "It's Only Rock & Roll (But I Like It)" peaks at #16 on the chart.
    1974 - At 300 pounds, he didn't look like a Rock star, but Barry White scored his first US number one and second of five top ten singles with "Can't Get Enough Of Your Love, Babe". It made #8 in the UK
    1976 - The Bee Gees' 20th album, "Children of the World," goes gold. It contains two of their latest hits "You Should Be Dancing" (Number One two weeks ago) and "Love So Right" (which will make it to #3 in two months.)
    1979 - Top Hits
“My Sharona” - The Knack
“After the Love Has Gone” - Earth, Wind & Fire
“The Devil Went Down to Georgia” - The Charlie Daniels Band
“You’re My Jamaica” - Charley Pride
    1981 - Sandra Day O’Connor was confirmed by the United States Senate in a 99-0 vote, and she became the first female Justice of the United States Supreme Court.
    1983 - Billy Joel's "Tell Her About It" hits #1 on the singles chart.
    1985 - Michael Spinks won the heavyweight championship by taking a unanimous 15-round decision over Larry Holmes in Las Vegas. Spinks held the title until June 27, 1988 when he was knocked out by Mike Tyson in the first round.
    1986  -The New York Jets and Miami Dolphins combined for a record 884 passing yards and scored 96 between them, including 13 touchdowns and a pair of field goals. Quarterback Ken O’Brien completed four touchdown passes to wide receiver Wesley Walker, including the game-winner in overtime. Dan Marino of the Dolphins threw for 6 TDs.  The final score: New York 51, Miami 45.
    1987 - Tropical Storm Emily, which formed in the Caribbean the previous afternoon, caused considerable damage to the banana industry of Saint Vincent in the Windward Islands. Unseasonably hot weather continued in Florida and the western U.S. Redding, CA and Red Bluff, CA, with record highs of 108 degrees, tied for honors as the hot spot in the nation.
    1987 - Top Hits
“I Just Can’t Stop Loving You” - Michael Jackson with Siedah Garrett
“Didn’t We Almost Have It All” - Whitney Houston
“Here I Go Again” - Whitesnake
“This Crazy Love” - The Oak Ridge Boys
    1989 - Hurricane Hugo slammed into the South Carolina coast about 11 PM, making landfall near Sullivans Island. Hurricane Hugo was directly responsible for thirteen deaths, and indirectly responsible for twenty-two others. A total of 420 persons were injured in the hurricane, and damage was estimated at eight billion dollars, including two billion dollars damage to crops. Sustained winds reached 85 mph at Folly Beach, SC, with wind gusts as high was 138 mph. Wind gusts reached 98 mph at Charleston, and 109 mph at Shaw AFB. The biggest storm surge occurred in the McClellanville and Bulls Bay area of Charleston County, with a storm surge of 20.2 feet reported at Seewee Bay. Shrimp boats were found one half mile inland at McClellanville.
    1989 - General Colin Powell is confirmed by the U.S. Senate as Chairman of the Joint Chiefs of Staff.
    1991 - Stevie Nicks' greatest hits LP, "Timespace" enters the chart and Rush's "Roll the Bones" enters the LP chart.
    1993 - “NYPD Blue” Premiers on TV. This gritty New York City police drama has had a large and changing cast. The star of today’s “CSI Miami”, David Caruso, was the first to leave to begin a movie career that did not happen.  The central characters were partners Detective Bobby Simone (who later died), played by Jimmy Smits, and Detective Any Sipowicz, played by Dennis Franz. Other cast members have included Kim Delaney as Detective Diane Russell, James McDaniel as Lieutenant Arthur Francy, Gordon Clapp as Detective Gregory Medavoy, Rick Schroder as Detective Danny Sorenson, Nicholas Turturro as Detective James Martinez, Mark Paul Gosselaar as Detective John Clark and Esai Morales as Lieutenant Tony Rodriquez.
http://www.tvtome.com/NYPDBlue/
http://rotteneggs.com/r/show/se/2047332.html
http://www.imdb.com/title/tt0106079/
    1996 - The audience at the Grand Ole Opry witness a historic moment when 23-year-old Hank Williams III, son of Hank Williams Jr. and grandson of country music legend Hank Williams makes his Opry debut. Hank III wears a black western shirt trimmed with green fringe that belonged to his grandfather. His set includes "Moanin' the Blues," a 1950 chart-topper for Hank Sr., and "Lovesick Blues," the same song his granddad performed for his Opry debut in June 1949.
    2001 - The Mets donate their day's pay, which totals approximately $500,000, from tonight's game with the Braves at Shea Stadium to a rescue fund for the families of the firefighters and policemen killed in the World trade Center terrorist attacks. The contest is the first professional baseball game played in New York since the tragedy. Uplifting ceremonies before and during the game, which include singers Diana Ross, Marc Anthony, Lisa Minnelli and bagpipers, pay tribute to victims of the tragedy. Mike Piazza's eighth inning home run gives the Mets a 3-2 dramatic victory over the Braves.
    2001 – “America: A Tribute to Heroes”, a commercial-free, live TV program was broadcast on all of the major US TV networks to raise money following the September 11th terrorist attacks. The show featured performances by Bruce Springsteen “My City in Ruins”, Tom Petty “I Won't Back Down”, Paul Simon “Bridge Over Troubled Water”, Billy Joel “New York State of Mind”, U2 “Walk On”, Celine Dion “God Bless America” and Willie Nelson “America The Beautiful”. Accepting pledges over the telephone were Robin Williams, Meg Ryan, Danny DeVito, Sally Field, Jack Nicholson, Goldie Hawn, Cuba Gooding Jr., Kurt Russell, Adam Sandler, Jim Carrey, Whoopi Goldberg and many more. The broadcast and soundtrack album helped raise over $128 million for the victims and their families.
    2005 – Hurricane Rita became the third most intense hurricane (dropped to 4th on October 19, 2005).
    2008 – The last regular season game at the original Yankee Stadium.  “The Ole Ballpark” opened in 1923 and was renovated in 1976. It was home to 26 World Series Championships. The Yanks defeated Baltimore, 7-3. Andy Pettitte earned his 14th win of the season, while Mariano Rivera closed out the game with a perfect 9th inning. They moved to the new Stadium across the street and promptly won #27 in 2009.

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