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

Friday, September 2, 2016

Today's Equipment Leasing Headlines

PayNet Reports Soft July Business
Echoing the ELFA MFLI-25 July Report
New Hires/Promotions in the Leasing Business
  and Related Industries
Leasing Industry Ads---Help Wanted
   Ascentium Capital
Myth of Being #1 on the Google Search Page
FinTech #102 by Brittney Holcomb
Why We Need Libraries
Photos from CLFP Celebration Day
Northland, Portland, Puget Sound, SoCal
Your NACLB Pre & Post Conference Checklist
Applies to All Conferences
Lease/Finance Conference 2016
America's Top Spots for Tech Jobs
  Major Salaries and Benefits
CSI Announces Organizational Structure Change,
Executive Officer Promotions
Labor Day Movies: Modern Times, Salt of the Earth
Working Girl, Glengarry Glen Ross, Clerks
Reviews by Leasing News' Fernando Croce
Oakland, California  Adopt-a-Dog
News Briefs---
Banks Overwhelmingly Embarking
   on the Digital Transformation Journey
What Next for Chesswood Group (Pawnee) Ltd Stock
   After Reaching 52-Week High?
FDIC Fund Climbs to Post Crisis High
“fund to reach minimum 1.35% ratio end of 3rd Q 2010”
Ethics panel won't clear PSC member lease to solar company
  Not Ethical Which Would Pay Him $225,000 a Year
American malls are dying faster than you think
 — and it's about to get even worse

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months (Be Careful of Doing Business)
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PayNet Reports Soft July Business
Echoing the ELFA MFLI-25 July Report

ELFA MFLI-25 Business Volume in Billions
(Chart: Leasing News)

Doesn't look like a Happy Labor Day with the latest news from PayNet echoing the Equipment Leasing and Finance Association Monthly MLFI-25 July, 2016, that business was down 30% from June.  Thomson Reuters/PayNet reported their Small Business Lending Index decreased to 121.5 in July from 139.2 in June. Compared to the same month one year ago, the SBLI is down 16%, the largest decrease since October 2009.

ELFA President and CEO Ralph Petta said, “July’s new business volume to begin the third quarter continues the rollercoaster ride that is the equipment finance sector in 2016. Positive fundamentals in the U.S. economy, which include a recent strong jobs report, lower unemployment and a bullish equities market, are offset by sluggish overall growth in the U.S. economy and stagnant capex spending by businesses both large and small."

William Phelan, President of PayNet, Inc. said, “The July’s small business credit trends show increased financial stress. The Thomson Reuters/PayNet Small Business Delinquency Index (SBDI) 31-90 days past due increased 6 basis points from 1.27% in June 2016 to 1.33% in July, which is its highest level since December 2012. As compared to one year ago, delinquency increased by 13 bps, the largest year-over-year increase since December 2009."

Petta in part blames the political uproar: “As the presidential campaign moves into higher gear, it appears business owners continue their wait-and-see attitude toward investment in and expansion of their business operations. Credit quality also follows this up-and-down pattern, but continues to show some deterioration when compared to the same period 12 months ago.”

Phelan states, "While July trends are not as bad as they appear at first glance, the cumulative effect from the last few month’s data is small business are becoming increasingly bearish on the economy.

“It’s too early to call a change in the business cycle, but the collective wisdom of millions of small business owners is to hold off on borrowing and investing in their businesses,” Phelan added. “This all means greater risk for the underlying credits and most likely rising defaults of private companies over the next 12 months.”

A poll of leasing and finance executives by Leasing News found a different reading. Although downward trends happening,  many are reporting  that August was a very good month:

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



New Hires/Promotions in the Leasing Business
and Related Industries

Steven Chaker was hired as Senior Business Development Officer,
ReadyCap Lending, LLC., Huntington Beach, California.  Previously, he was SVP, Regional SBA Sales Manager at US Metro Bank (February, 2015 -August, 2016); SVP, Regional Sales Manager, Hanmi Bank (September, 2015 – February, 2016); SVP, Regional SBA Sales Manager, Bridge Bank (April, 2011 – July, 2015); Senior Vice President, Pacific Alliance Bank (June, 2010 – April, 2011); President, Capital Consultants Group, Inc. (December, 2004 – March, 2009); Senior Vice President/Regional Manager, Bridge Bank (November, 2006 – October, 2008); FVP, International Bank of California (2004 – 2006); Vice President/ Department Head, National Westminster Bank (March, 1987 – April, 1993). Education: Fairleigh Dickinson University, MBA, Accounting (1985 – 1989). College des Frere.

James J. Duffy was appointed Executive Vice President and Chief Human Resources for the CIT Group, New York City.  He "...previously Chief Human Resources Officer at Ally Financial. Prior to Ally, Duffy was the Chief Human Resources Officer at CIT Group from 2006 to 2010.Prior to joining CIT in 2006, he was the Senior Vice President of Human Resources for Citigroup’s Global Consumer Group. Before joining Citigroup, Duffy held senior HR positions at other major banking and manufacturing companies such as AlliedSignal, Ingersoll-Rand, Banker’s Trust and GE...(He) serves on the Board of Jobs for America's Graduates and is a longtime supporter and sponsor of the Center for Advanced Human Resource Studies at Cornell University. He’s a member of the Human Resources Policy Association, the Chief Human Resources Advisory Board, Center for Executive Succession, University of South Carolina, and the Chief Human Resources Officer Board of i4cp. He earned a B.S. in Industrial and Labor Relations from Cornell University.

William Elliott was hired as Chief Operating Officer at Currency Worldwide, Inc., Greater Los Angeles, California. Previously, he was Senior Vice President, Creative Commercial Funding, Inc. (September, 2010 – July, 2016); Director of Strategic Development, Prosperity Funding (2014 – 2016); S.V.P., Bay View Funding (November, 2009 – September, 2010); President, Rexford Funding LLC (September, 2005 – November, 2009); Vice President, The CIT Group (2000 – 2005); S.V,P., Heller Financial (1986 – 1999). Education: University of Notre Dame, BA, Economics (1977 – 1981).

McKay Johnson was hired as Account Manager, CG Commercial Finance, Draper, Utah.  Previously, he was Senior Business Development Officer, VFI Corporate Finance (October, 2013 – July, 2016); National Account Executive, Tetra Financial (April, 2013 – October, 2013). Education: Salt Lake Community College, Business Management (2012 – 2013); Hillcrest High School, High School Diploma (2010 – 2012). Activities and Societies: Football, Basketball, & Track

Breeze Keller was hired as Healthcare Business Development Manager,  Marlin Business Services Corp., Mount Laurel, New Jersey. He is based in Portsmouth, New Hampshire. Prior he was Business Development Manager, Direct Capital Corporation (January, 2010 – July, 2016); Sales Manager, Direct Metal Roofs (January, 2009 – December, 2009); Trustee, Eastern Trail Alliance (May, 2008 – 2009). Intern, Pax World Funds (2008 – 2008). Education: University of Southern Maine, BA, Economics (2003 – 2008); Research Assistant, USM    Portland, ME (2007-2008) As a research assistant I conducted preliminary research on issues of globalization and economic development as they pertain to the themes of Susan Feiner, Ph.D. new book. Econ. TA/Tutor, USM, Portland, ME (2007-2008) As a teacher’s assistant I graded homework and helped students with in class assignments. I also maintained regular office hours where I worked with students on exam preparation, long term projects, and homework.

Richard Laxer was appointed Chief Executive, GE Capital, "...taking over on September 1, 2015, from company veteran Keith Sherin, who will retire at the end of the year after 35 years of service. Sherin, who served as GE's finance chief for 15 years, is also vice chairman of the company and chairman of GE Capital. Laxer is currently chief executive of GE Capital International." He
was based in London, where he was in charge of lending " mid-market businesses and consumers, with operations in 30+ countries, close to $147 billion in assets and around 27,000 employees. Laxer joined GE in 1984 as a member of the company’s Financial Management Program and served in a variety of sales and management positions. He was named an officer in 2003 and is a member of GE’s Corporate Executive Council...He graduated Skidmore College with a degree in business and is a trustee emeritus."

Doug Morgan was hired as Lease Program Manager, Brocade, Greater Atlanta Area. Previously, he was Enterprise Area Sales Manager, CIT Bank, Vendor Finance, Technology (2005 – August, 2016); Equipment Leasing, Regional Finance Manager, Danka Office Imaging (1999 – 2005); Equipment Leasing Specialist, Captive Leasing Services (1997 – 1999); Manager, Power Systems Division, Caterpillar Dealership, Ring Power Corp (1994 – 1997). Education: Montana State University, Bozeman Bachelor of Science (B.S.), Business Management, Economics, Accounting.

Ericka Ottati (Donham) was hired as Relationship Manager, Finance Factory, Towson, Maryland.  Previously, she was Assistant Vice President, Documentation Manager, BB&T Equipment Finance Corporation (June, 2012 – December, 2015); Officer, Senior Documentation Specialist, SunTrust Equipment Finance & Leasing Corp (July, 2007 – May, 2012); Junior Documentation Specialist within the Middle Market/Commercial Group, SunTrust Equipment Finance & Leasing Corp. (December, 2003 – July, 2007). Education: Anne Arundel Community College, Associate Degree, Paralegal studies (2002 – 2005). Have obtained 61 credits towards an Associate Degree in paralegal studies with an extra concentration in Excel.

Jeff Teucke was hired as Senior Vice President, UniFI Equipment Finance, Ann Arbor, Michigan. Previously, he was Principal, JLT Management Company (February, 2016- Present); Chief Sales Officer, Vendor Division at Dimension Funding, LLC., Irvine, California; based in the Greater New York City Area; General Manager, Technology, EverBank Commercial Finance, Inc. (May 2011–November 2014); Business Development – Technology, SG Equipment Finance, USA (December 2008–April 2011); Co-Founder & Managing Director, Capital Conduit Partners, LLC. (October 2006–April 2011); VP, Siemens Financial Services, Inc. (December, 2000 – September, 2006); SVP, AT&T Credit (1985–2001). Education: Eastern Michigan University, BBA, Marketing Major, 1975.

Jeffrey White was promoted to Vice President of Operations, CSI Financial, LLC, Denver, Colorado. He joined the firm February, 2014 as Portfolio Manager.  Previously, he was Senior Financial Analyst, ADP (August, 2011 – February, 2014); Financial Analyst II, 2-10 Home Buyers Warranty (April, 2010 – August, 2011); Volunteer: Big Brother, Big Brothers Big Sisters of America (April, 2010 – May, 2015). Habitat for Humanity of Metro Denver Volunteer. Habitat for Humanity of Metro Denver (May, 2015). I help build houses for families in need. Education: University of Colorado Boulder, Bachelor's degree, Finance (2002 – 2006). Activities and Societies: Delta Sigma Pi, National Society of Collegiate Scholars, Beta Gamma Sigma, Real Estate Club.





Leasing Industry Help Wanted





Myth of Being #1 on the Google Search Page
FinTech #102 by Brittney Holcomb

If you were looking to bury a body anytime soon, I’d say it would be pretty safe to bury it on page 2 of Google search results. At least that is how many of us marketers have felt in the last decade. How often do you really go past the first page of search engine results for something you are looking for? Rarely ever.

The “Top Five Websites” that Leasing News runs from time to time shows the Alexa referrals from browsers. In most, the percentage is low. There is a reason for this.

The benefit of being #1 on Google search page results for any given keyword has always been to receive more visibility. In turn, more visibility equals more business opportunities. But what if you occupy the first position on Google search results page and you are not seeing a significant amount of new visibility and business opportunities from it? Is it really worth it to work hard for that top spot?

One could argue that the results from being #1 on the Google search vary from industry to industry. Also, the search traffic is not the same for every keyword or search phrase. Being #1 on Google for “Equipment Financing” is much different than being #1 on Google for “Medical Equipment Financing.” The average search volume for “Equipment Financing” is 4,400 each month, whereas “Medical Equipment Financing” is 260 each month.  So really part of the success of your organic rankings depends on what keywords you are actually ranking for and where you rank for that keyword or search phrase.

I took the top 2 organic listings on Google’s first page of search results for “Equipment Leasing” ( and and compared them to the bottom 2 organic listings on the first page for the same term ( and Here is what I found for percentage of overall website traffic coming from search engines:

1. 16.00%
2. 14.90%
9. 12.50%
10. (there was not enough search data for this site to present results)

One thing you may immediately notice about these percentages is that they seem a bit low. You shouldn’t solely rely on the percentage of traffic you receive from search engines to make or break your decision on whether or not being #1 on Google is worth it. One true way to determine whether your #1 position in Google rankings is really worth the efforts is to look at your Return on Investment (ROI) from your Search Engine Optimization (SEO) efforts.

If you have proper analytics set up to track your website conversions that originate from an organic search, then you will be able to determine your ROI. If your ROI ends up being significant to your overall monthly revenue, then regardless of your organic search traffic being a small percentage, it is making a significant impact on your overall revenue. So yes, it is worth it!

Everyone in every industry is going to have a different opinion about this topic because the ROI from organic rankings is different in every industry.

Determine the value and quality of your website visitors that come from organic rankings, regardless of how few there may be. This will ultimately determine if being #1 on Google is important for your particular business goals.

For financial companies who lack the organic traffic from Google to their site, pay-per-click marketing (PPC) offers an instant gratification and a steady stream of online business leads with real tangible ROI. For financial businesses in particular, they want to know how each cent they spend is helping to bring them business. PPC is a data minefield with those type of analytics.  SEO is not so black and white, which is why more financial businesses have turned to paid search marketing as opposed to being so concerned about where they rank organically on search engines.

Over the last 3 years, I have seen newer and small financial businesses struggle to make it to the top of Google on their budget and their timeline. Most businesses do not have the 6 month to 2-year time gap to wait for their SEO efforts to start kicking in. Even when the organic rankings start kicking in, there is no guarantee that those visitors will actually convert to sales. Maybe that is what encouraged more business owners to shift their marketing strategies towards paid search. Don’t rely on these companies that promise you to be #1 on Google. Often it is a waste of both your time and money.


Brittney Holcomb is the Director of Paid Search at The Finance Marketing Group. She works exclusively with finance companies and banks to help better develop their business online through digital marketing strategies. Brittney has been trained by some of the top leaders in the industry giving her a vast knowledge she is able to pass along to her client base.


Previous Financial Technology Articles





Photos from CLFP Celebration Day
Northland, Portland, Puget Sound, SoCal

The first year event of the Certified Leasing and Financial Celebration Day had multiple events, all planned for the same day. 

Executive Director Reid Raykovich, CLFP said,
"This was the first year where multiple events were planned for the same day and with the success of it, will remain a tradition for years to come.

"The largest turnout was in the Los Angeles area which was hosted by Banc of California and First Foundation Bank where 20 CLFPs from Southern California (and one from Austin, TX) gathered at Ra Sushi.

Amy Spragg, CLFP, Vice President of the CLFP Board of Directors stated, “The CLFP Celebration Day in Southern California last week was a fantastic evening filled with fabulous food and fantastic networking.  It is always such a pleasure catching up with fellow CLFP’s to discuss current changes within the industry and opportunities for growth and advancement.”  

Northland, Minnesota

Portland, Oregon

Puget Sound, Washington

Southern California

The Foundation has grown from 290 CLFPs at the beginning of the year to 355 with more applications collected for certification in the first six months of 2016 than all of 2015 combined. With two more Academies for Lease & Finance Professionals scheduled for 2016, the number of active CLFPs could grow to 400.

The CLFP designation identifies an individual as a knowledgeable professional to employers, clients, customers, and peers in the equipment finance industry. There are currently 355 active Certified Lease & Finance Professionals and Associates throughout the world. For more information, call Executive Director Reid Raykovich, CLFP at (206) 535-6281 or visit





Your NACLB Pre & Post Conference Checklist
Applies to All Conferences

by Brittney Holcomb

Second Annual Conference
October 4th - 6th, 2016
Red Rock Casino & Resort
Las Vegas, Nevada

We always want to make sure you get the most of out of attending the NACLB annual conference. A lot of that relies on your being prepared before you arrive and maximizing your contacts after your leave. We gathered some feedback from last year’s conference and compiled a list of ‘musts’ for each attendee.

Pre - NACLB Conference
___ Bring business cards!

___ Consider connecting with other attendees in advance on LinkedIn or Twitter

___ Start following the conference hashtag on twitter for updates
and/or at lease visit the association conference website more often.

___ Pack all your electronic device chargers and make sure they’re fully charged before each day. 

___ Bring a notebook for any interesting tidbits you learn during the breakout sessions. Or for you techies - bring your iPad, Microsoft Surface tablet or laptop.

___ Plan on attending the networking events and cocktail parties, the best connections are made at these.

___ Pack Advil…trust me.

___ Bring comfortable shoes, everyone likes to look fancy but there’s nothing worse than tired puppies screaming after a long day of moving.

___ Brush up on your 2 sentence answer for when someone says “what do you do?”

___ Pack a nice sport coat or sweater to bring to the conference each day. The hall can get pretty chilly

Post - NACLB Conference 

__ Complete any post conference surveys (we get a lot of our ideas from our attendees suggestions!)

___ Follow up via email or phone with connections you made

___ Review the business cards you received and connect with those attendees on LinkedIn


Leasing/Finance Conferences - 2016


Current Attendee List (8/19/2016)
Associate: 3 Brokers: 14  Funders: 33

(Note: Exhibit Hall Sold Out)

Advantage Funding
American Lease Insurance Agency
Amerisource Funding
Bankers Capital
Bryn Mawr Funding
Channel Partners Capital
CLFP Foundation
Cobra Capital LLC
Financial Pacific Leasing, Inc.
First Federal Leasing
FirstLease, Inc.
Fora Financial, LLC
Marlin Business Bank
Maxim Commercial Capital
Navitas Lease Corp.
NFS Leasing
NCMIC Finance Corporation
North Mill Equipment Finance, LLC
Pawnee Leasing Corporation
Quality Leasing Co., Inc
RapidAdvance, LLC
TEAM Funding Solutions
United Financial Corporation
VFI Corporate Finance

Registration and Events

o Broker Member $125
o Additional Broker Member   $115
o Associate Member $260
o Additional Associate Member $200
o Funder Member $260
o Additional Funder Member $200

o Broker Non-Member $200
o Associate Non-Member $360
o Funder Non-Member $360

CFLA 2016 Program

Hotel Accommodations


First delegate $1,390
Second delegate $1,325
Third delegate $1,260
Fourth delegate FREE
Additional delegate $1,260
Daily rate - Wednesday $585,
Thursday $775, Friday $295
Chairman's Banquet Only $185
Companion’s registration $365

First time $1,390
Second-time + $1,810
Daily rate - Wednesday $715,
Thursday $905, Friday $425
Chairman's Banquet Only $285
Companion's registration $525
Students $25



Banks and Investors  Conference to be held at the Marriott Marquis,
September 27-28, 2016, New York City

American Banker states this is a “who’s who” in Financial Technology as speakers.  They invite business friends and colleagues with a special “promo code” that gives them a good discount on the registration price.

Scroll down from the first page of the website to learn alphabetically who the “featured speakers” are:



Second Annual Conference
October 4th - 6th, 2016
Red Rock Casino & Resort
Las Vegas, Nevada

Brokers - Get Recognized For Your Achievements
Nominate yourself today. Must be registered to 
attend conference in order to be considered

Kris D. Roglieri

National Alliance of Commercial Loan Brokers
by Kris Roglieri, Co-Founder of NACLB


Go to our website for more information:


Christopher “Kit” Menkin, Editor/Publisher,, along with
Bob Coleman, Editor, Coleman Report  and Sean Murray, President and Chief Editor of deBanked, will be on a panel regarding reporting on the leasing and loan industry. Kit says he hopes to see some of his readers in attendance.


Go to our website for more information:


October 5 – 7
Chicago Marriott Magnificent Mile
Chicago, Illinois

Attendee Registration Rate


List of Exhibitors


October 6-8, 2016
NEFA 2016 Funding Symposium
Radisson Blu Mall of America

"The Women in Leasing LinkedIn Group would like to cordially invite you to our October luncheon at Cedar + Stone, Urban Table in the JW Marriott Hotel (Bloomington, MN) on Thursday, October 6th from 12:00pm – 2:00pm. The lunch is being co-hosted by ECS Financial Services and Financial Pacific Leasing, an Umpqua Bank company.

"If you plan on attending the 2016 NEFA Funding Symposium, the restaurant is located on the opposite side of the host hotel in the Mall of America.

"Please RSVP no later than Thursday, September 22nd to Shari Lipski @"


Information on 2016 Funding Symposium

The NEFA conference hotel is just five miles from the Minneapolis-Saint Paul International Airport which has direct flights to one hundred and fifty-five other cities and connections to hundreds more. It’s also convenient to both downtown Minneapolis and downtown Saint Paul.

Chairperson for the 2016 Funding Symposium is Jim Peach, CLFP, VP/Sales Manager, Stearns Bank, in Albany, Minnesota. Working with a dedicated team of volunteers, the Chairperson pulls together the educational lineup of the conference.

Said Jim Peach, “we get great feedback from the attendees following each NEFA conference and we’ve used that to focus our educational sessions on things that are both timely and important to NEFA Members.”


Bonus Workshop, October 6, 10:00am to 3pm
Funding Symposium Lead by Scott Wheeler, CLFP
Free: $750 Values

For more information, visit: 
or call: 847-380-5050.


October 23 -25th
2016  55th Annual Conference
Palm Desert Springs
Palm Desert, California

17 timely sessions have been included on the agenda for the ELFA Annual Convention, scheduled October 23-25, 2016 at the JW Marriott Desert Springs in Palm Desert, CA. Topics are wide ranging, which should provide something of interest to everyone. For a complete review of the breakout sessions, please go here:

The Annual Convention is also host to 25 companies who will be exhibiting this year. More are expected to participate. For a complete list of the exhibiting companies, please go here:

More Information plus Register 

Monday, September 19, 2016
Last day to receive the special ELFA convention rate for your accommodations at the JW Marriott Desert Springs.

Monday, October 10, 2016
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.

Keynote speaker Joe Scarborough will provide timely analysis 
and insight into the upcoming presidential and congressional elections.


October 23 – 26
Las Vegas, Nevada
(85% of exhibit space/sponsorship booked)

October 24-26, 2016
100th Anniversary Annual Meeting
American Financial Services Association
The Breakers Palm Beach
Palm Beach, Florida

Join us for the latest on the political landscape, compliance and regulatory challenges, business trends, and enjoy plenty of networking opportunities.

Sessions will cover the overall industry challenges as well as operational issues relevant to specific market sectors. The final day of the meeting - called Spotlight Compliance - will shine light on the ever changing legal, regulatory and compliance realms that are so important in today's financial businesses.

 AFSA’s 350 members include consumer and commercial finance companies, vehicle finance/leasing companies, mortgage lenders, credit card issuers, industrial banks and industry suppliers. The association was founded in 1916 as the American Association of Small Loan Brokers. The group formed to promote state laws that would make small loans more readily available to average Americans, who had few options at the time to receive small personal loans.


November 11-12, 2016
2016 Western Regional Meeting
Doubletree by Hilton Hotel Anaheim-Orange County
Orange, CA

 (Sorry, no further information available)





America's Top Spots for Tech Jobs
Major Salaries and Benefits

by Niall McCarthy, Statista

Even though the San Francisco Bay area has long reigned supreme as America's premier region for tech jobs, other parts of the country are starting to get in on the act. Soaring house prices and high salaries in Silicon Valley are forcing startups to cast their eyes elsewhere, resulting in healthy job growth in other cities around the United States.

According to data from the New York Times, San Francisco posted a 71.6 percent increase in technology jobs between 2010 and 2015. Though other cities could not match that phenomenal rate of job creation, some places still posted impressive growth figures of their own. Raleigh, North Carolina and Austin, Texas were the two hottest prospects for tech employment outside of Silicon Valley over the past five years, posting 38.5 and 37.2 percent increases, respectively.




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

CSI Announces Organizational Structure Change,
Executive Officer Promotions

ST. LOUIS - On June 9, 2016, Century Tokyo Leasing Corporation (CTL) announced that it would purchase the remaining shares of CSI Leasing, Inc. (CSI), making it a wholly-owned subsidiary. In conjunction with this announcement, CSI made several changes to its organizational structure, including many executive promotions throughout the company.  

First and foremost, Ken Steinback, CSI’s founder and former owner, retired from the board of directors and has assumed the role of chairman emeritus. Bill Gillula, previously vice chairman and chief executive officer, will assume the role of chairman and continue to be active in CSI business on a daily basis. Gillula has been with CSI for 32 years. Steve Hamilton, previously president and chief operating officer, will assume the role of vice chairman and chief executive officer and will oversee CSI’s domestic and international operations. Hamilton has been with CSI for 33 years.  

Additionally, the following executive changes have been made: 
Arnaldo Rodriguez, president. Previously president of CSI’s international operations, Rodriguez will now lead all sales and marketing initiatives throughout the company on a global scale. He has been with CSI for 14 years.   

Fred O’Neal, chief operating officer. Previously chief financial officer, O’Neal will be responsible for planning and directing all aspects of CSI's operational procedures, objectives and initiatives. He has been with CSI for 26 years.  

Paul Keefe, executive vice president, chief financial officer and treasurer. Previously senior vice president and international controller, Keefe will now be responsible for overseeing the accounting, tax, treasury and financial reporting areas of CSI. He has been with CSI for 13 years.  

Chas McDaniels, executive vice president and chief pricing officer. Previously senior vice president and chief credit officer for the United States, McDaniels will be responsible for pricing structures throughout the U.S. and Canada. He has been with CSI for 14 years. 

Tom Brown, chief compliance officer. Previously regional director of Asia-Pacific, Tom will now be responsible for ensuring compliance with laws, regulations and policies, and overseeing continuous education to instill a compliance mindset within the company. He has been with CSI for 17 years. 

Carlos Milian, executive vice president of international funding and syndications. Previously executive vice president of syndications for CSI Latina Financial, Milian will assume international funding responsibility for all markets outside of the U.S. and Canada as well as all global, multi-country transactions. He has been with CSI for 13 years.

Barry Naylor, international controller. Previously, senior managing director and chief credit officer for Europe, Naylor will continue to be responsible for credit underwriting in CSI’s European operations. As international controller, he will be responsible for ensuring that all subsidiaries comply with CSI’s operating policies and procedures. He is based in the UK and has been with CSI for 16 years.  

Steve Hamilton
Vice Chairman
Chief Executive Officer
“I am excited about our entry into this new phase of CSI’s growth. With the talent and leadership skills of these individuals, along with the support of CTL’s strong global network, I am confident that CSI will have continued growth as a world-class leasing company,” said Steve Hamilton, vice chairman and chief executive officer.

In addition to the above executive changes, CSI announced several promotions at its recent annual sales meeting, kicking off the new fiscal year:

Matt Kersting, vice president and deputy chief credit officer. Previously vice president, Kersting will oversee all of CSI’s domestic credit operations and will continue to assist with international credit operations. He has been with CSI for 8 years. 

Alicia Andriyuk, vice president, sales. Previously account executive, Andriyuk will continue to be responsible for originating equipment lease transactions and technology lifecycle solutions, including asset management, data protection and proper disposal. She is based in San Jose, California and has been with CSI for 7 years. 

Bill Elmore, vice president, applications development. Previously assistant vice president, Elmore will continue his role in the development of CSI’s key applications, including its signature online asset tool, MyCSISM. He has been with CSI for 17 years. 

Pete Kindig, vice president, management information systems. Previously assistant vice president, Kindig will continue his role as supervisor of CSI’s network group. He will also continue implementing and supporting domestic and international networks and servers, and supporting the disaster recovery site. He has been with CSI for 14 years. 

Rachel Fick, assistant vice president, marketing development. Previously senior marketing specialist, Fick will continue her role in developing marketing strategies, producing marketing content and supporting sales initiatives domestically and internationally. Fick has been with CSI for 10 years. 

Jonathan Sachs, assistant vice president. Previously project specialist, Sachs will continue his role in leading special projects throughout CSI, mainly focusing on financial reporting. He has been with CSI for 18 years.    

CSI Leasing, Inc. is one of the largest independent equipment leasing and equipment lifecycle services companies in the world. Established in 1972, CSI has operations throughout North, Central and South America, Europe and Asia. More information is available at

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


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


Leasing News: Labor Day Specail
By Fernando Croce

With Labor Day coming up next week, we at Leasing News offer a cinematic salute to every man and woman who ever endured a particularly harrowing day at the office. Check out these vintage and modern classics at Netflix.

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

Salt of the Earth (Herbert J. Biberman, 1954): A screenwriter and producer whose progressive politics landed him in the blacklist of the 1950s, Herbert J. Biberman proceeded undaunted and directed this bold, independent drama that plays like an ode to the working-class. Based on true events and set in New Mexico, the plot chronicles the struggles of a group of Mexican-American miners who must deal with a double-whammy of prejudice and job exploitation. Centering on strong-willed Esperanza (Rosaura Revueltas) and her husband (Juan Chacon), it follows a strike that pushes on in the aftermath of a mining accident, defying authorities and risking jail for a chance at better working conditions. Suppressed for years, Biberman’s film provides a call for solidarity in the face of injustice that remains as timely as when it first came out.

Working Girl (Mike Nichols, 1988): Melanie Griffith had one of her most appealing roles in this crowd-pleasing comedy, which plays like a 1980s update of a working-class Cinderella story from the 1940s. Griffith stars as Tess McGill, a smart and hard-working New York receptionist whose business ideas are often appropriated by her ruthless boss Katharine (Sigourney Weaver). Her big chance comes when an accident leaves her boss’ chair momentarily empty, so that Tess can jump in and, assuming Katharine’s identity, begins a major deal with investment broker Jack Trainer (Harrison Ford). Tess and Jack begin to fall in love, but how long will it be before this fantasy turns into a pumpkin? Directed with slick flair by Oscar-winner (“The Graduate”), the film is a fine showcase for Griffith’s spunk and one of the decade's top wish-fulfillment fables

Glengarry Glen Ross (James Foley, 1992): Playwright David Mamet’s gift for explosive, often riotously profane dialogue is in full display in this acclaimed film adaptation of his play, which brings together a magnificent ensemble cast. Set amongst a group of real estate salesmen in New York, the story is infused with palpable desperation as the characters discover that a competition will lead to them losing their jobs unless sales numbers increase. Among them is top seller Ricky Roma (Al Pacino), office manager John Williamson (Kevin Spacey), and, most tellingly, veteran dealer Shelley Levene (Jack Lemmon, in a heartbreaking performance). With the clock ticking, how far will these men go to secure their jobs? Also featuring Alec Baldwin, Ed Harris and Alan Arkin and filled with sizzling, memorable lines, this is a stinging look into a dog-eat-dog world of working-class anxiety.

Clerks (Kevin Smith, 1994): Writer-director Kevin Smith made his film debut with this grungy comedy, which already showcases his knack for raunchy humor and pop references. Unfolding over the course of a day, it follows New Jersey twentysomething Dante (Brian O’Hallohan) as he’s called in on his day-off to cover a shift at his convenience store. Help comes from his buddy Randal (Jeff Anderson), whose own job at the video store next door goes blissfully unattended as the two men try to come up with ways to make it through inane customers. When the day is shaken by the return of an ex-girlfriend and news of a friend’s death, Dante starts to reconsider his life behind the counter. Anyone who’s ever toiled in retail will relate to the movie, shot in guerilla black-and-white but filled with Smith’s customary color.


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News Briefs---

Banks Overwhelmingly Embarking
   on the Digital Transformation Journey

What Next for Chesswood Group (Pawnee) Ltd Stock
   After Reaching 52-Week High?

FDIC Fund Climbs to Post Crisis High
“fund to reach minimum 1.35% ratio end of 3rd Q 2010”

Ethics panel won't clear PSC member lease to solar company
  Not Ethical Which Would Pay Him $225,000 a Year

American malls are dying faster than you think
 — and it's about to get even worse

Receivables Management LLC
John Kenny

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Baseball Poem

Linear History
He comes at the pitch
Like a lion with red mane,
On a line
You could diagram,
With his back foot
The stationary leg of a compass,
He sweeps through
With the full power
Of the perfect circle,
Sending the spheres
Into an orbit of flashes.
They line up
Just to see him practice,
Lines of articles
Intersect with reality
Sometime in September.
In another sixty years
The grass will go brown
On his grave.

Written by Tim Peeler,
"Touching all the Bases"
poems from Baseball
Published by McFarland & Company



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This Day in American History

         1721 - The Boston Gazette advertised a Camel would be exhibit for sale:
”African camel...7 feet high and 12 feet long.” 
    1776 - The Hurricane of Independence makes landfall. Between this day and 9 September it will kill 4,170 people from North Carolina to Nova Scotia.
    1780 - British intelligence officer Major John André was hanged as a spy in Tappan, New York. Captured on his return to New York City by American militiamen fighting in the War of Independence, Major André was found to have papers hidden in his boot concerning West Point. General George Washington designated a board of officers to hear the case which, after finding André guilty of spying, sentenced him to death. More disturbing news was uncovered during the process of the investigation. The papers carried by the British officer had been given to him by Brigadier General Benedict Arnold of the Continental Army, recently appointed commandant of the fort at West Point.  Since May 1779, Arnold, motivated by greed, by his opposition to the French alliance of 1778, and by his resentment towards authorities who had reprimanded him for irregularities during his command in Philadelphia, had maintained a secret correspondence with Major André. On September 21, Arnold had agreed to surrender West Point to the British in exchange for 20,000 pounds. West Point, at the time, was a major fort that defended the major water transportation for the area. 
(Lower half of: 
    1789 – US Treasury Department was founded, established by an Act of Congress to manage revenues.  Alexander Hamilton was the first Secretary of the Treasury.
    1833 – Oberlin College in Ohio was founded.
    1849 – Birthday of Albert G. Spalding (1849-1915) in Byron, IL.  Former baseball player and founder of Spalding Sporting Goods Company, he had an 8 year MLB career during which his record as a pitcher was 252–65 with a 2.14 ERA.  His career batting average was .313.   He later called for the commission that investigated the origins of baseball and credited Abner Doubleday with creating the game. He also wrote the first set of official baseball rules.  He was elected to the Baseball Hall of Fame in 1939. 
     1859 – A solar super storm effected electrical telegraph service.
    1862 – After Pope’s defeat at Second Bull Run, President Lincoln reluctantly restored Gen. McClellan to full command.
    1864 - The forces of Union General William T. Sherman march into Atlanta, Georgia-one day after the Confederates evacuate the city.
    1866 - J. Osterhoudt of New York City obtained a patent for an "improved method of opening tin cans." The can had a projecting lip and a key could open it. 
    1871 - Birthday of Cordell Hull (1871-1955), Pickett County, TN. American statesman who served in both houses of the Congress and as Secretary of State.  It was Hull who opened the very late letter on Sunday, December 7, 1941 given him by Japanese diplomats, declaring that negotiations between the two countries were ended.  Noted for his contributions to the “Good Neighbor” policies of the US with regard to countries of the Americas and to the establishment of the United Nations.  
    1874 - Birthday of Edward H. “Boss” Crump (1874-1954), Holly Springs, MS.   Democrat Mayor of Memphis, 1910-16, 1939; delegate to Democratic National Convention from Tennessee; House Representative, 1931-35 (Tennessee 10th District, 1931-33 and 9th District, 1933-35); member of Democratic National Committee, 1936-45. 
    1885 - 150 white miners in Rock Springs, Wyoming, brutally attack their Chinese coworkers, killing 28, wounding 15 others, and driving several hundred more out of town. The miners working in the Union Pacific coal mine had been struggling to unionize and strike for better working conditions for years. But at every juncture the powerful railroad company had bested them. Searching for a scapegoat, the angry miners blamed the Chinese. The Chinese coal miners were hard workers, but the Union Pacific had initially brought many of them to Rock Springs as strikebreakers, and they showed little interest in the miners' union. The Rock Springs massacre was symptomatic of the anti-Chinese feelings shared by many Americans at that time. The Chinese had been victims of prejudice and violence ever since they first began to come to the West in the mid-nineteenth century, fleeing famine and political upheaval. Widely blamed for all sorts of social ills, the Chinese were also singled-out for attack by some national politicians who popularized strident slogans like "The Chinese Must Go" and helped pass an 1882 law that closed the U.S. to any further Chinese immigration. In this climate of racial hatred, violent attacks against the Chinese in the West became all too common, though the Rock Springs massacre was notable both for its size and savage brutality.
    1885 - Ruth Bryan Owen Rohde birthday, Jacksonville, FL.  She was a former United States Ambassador to Denmark; member of the House of Representatives from 1929-1933, and first woman elected from the deep South.    Her accomplishments as U.S. Representative include the farsighted proposals to designate the Florida Everglades as a national park and to establish a cabinet-level department to oversee the health and welfare of families and children.     She lost her reelection in 1932 because she favored prohibition, although later she voted for its repeal because that was what her constituents wanted. Rohde was appointed U.S. Minister to Denmark in 1933 by President Franklin D. Roosevelt. She resigned from the Foreign Service (1936) to marry a second time, a Danish citizen. Her marriage to a Dane gave her dual citizenship according to Danish law and an impossible conflict as a U.S. ambassador. President Harry Truman appointed her alternate U.S. delegate (1949) to the U.N. General Assembly where she chaired the executive committee of the UN Speakers Research Committee. RBOR received the Distinguished Service Medal from King Frederik of Denmark (1954). RBOR authored six books. Politically, she is best known, however for the grueling 10,000 mile campaign up and down the coast of Florida in her winning campaign for the Fourth District Congressional seat in 1928.     After she won election, her opponents challenged her by claiming that she had forfeited her American citizenship under a law passed in 1907 when she married a British subject, Reginald Owen in 1910. The 1922 Cable Act, one of a series to right the wrongs of the 1907 law, enabled her to be re-naturalized, but her opponents claimed it did not meet the seven year PRIOR citizenship requirement for a congressional representative. The 1907 law stripped a native-born U.S. woman of her citizenship if she married a citizen of another nation. No such outrageous actions were taken against men who married foreign women - in fact, their marriage conferred U.S. citizenship on their wives!   The House ethics committee allowed her to be seated after an emotional appeal and a LOGICAL one. She was, after all, BORN an American. Her case focused national attention on the grossly unfair laws affecting women. The law had been changed but even such people as heiress Barbara Hutton and renowned news correspondent Dorothy Thompson had lost their citizenship because of the appalling law and were unable to regain it because there was no retroactive elimination. By the way, Rohde was the eldest daughter of William Jennings Bryan, noted U.S. political figure and a candidate for the presidency; a daughter but not his clone. While serving as U.S. Representative, she astonished pundits by voting for tariffs on imports, a policy her father had vehemently opposed. 
     1890 - Birthday of Groucho Mark (1890-1977), born Julius Henry Marx at New York City. Comedian, who along with his brothers, constituted the famous Marx Brothers. The Marx Brothers began as a singing group and then acted in such movies as “Duck Soup” and “Animal Crackers”. During the '40s and '50s, Groucho was the host of the television and radio show "You Bet Your Life."
    1895 - Birthday of comedian Bud Abbott (1895-1974), born William Alexander Abbott, Asbury Park, NJ. y Pk NJ ,) 
    1901 – Vice President Theodore Roosevelt uttered the famous phrase, "Speak softly and carry a big stick" at the Minnesota State Fair.
    1901 – Adolph Rupp (1901-77) was born in Halstead, KS.  One of the most successful coaches in the history of American college basketball, Rupp is ranked 4th in total victories by a men's NCAA Division I college coach, winning 876 games in 41 years of coaching. Rupp is also second among all men's college coaches in all-time winning percentage (.822).  He coached the University of Kentucky from 1930-72 and he was enshrined in the Naismith Memorial Basketball Hall of Fame on April 13, 1969.
    1912 – Arthur Rose Eldred was awarded the first Eagle Scout of the Boy Scouts.
    1917 – Cleveland Amory (1917-97), author and critic, was born in Nahant, MA.
    1919 – Birthday of dancer, actress Marge Champion, Los Angeles, CA.
    1928 – African-American DeFord Bailey (1899-1982) cut eight masters at Victor Records Studios in Nashville. Three songs were issued, marking the first studio recording sessions in the place now known as Music City, USA.  On December 6, 1925, DeFord won second place with his rendition of "It Ain't Gonna Rain No More" in a French harp contest on radio station WDAD. Soon after, Bailey made his first appearance on WSM Radio, after overcoming some racial opposition from the station's director. The young black performer was given the title "Harmonica Wizard." Bailey played a role in the naming of the "Grand Ole Opry." In 1926, the WSM Barn Dance followed an hour of symphonic music, and one evening its programming concluded with a selection by a young composer from Iowa reproducing the sound of a train. Bailey opened the country music program with his rendition of "Pan American Blues." The difference in the musical genres caused the director, George D. "Judge" Hay, to observe, "For the past hour we have been listening to music taken largely from grand opera; from now on we will present 'The Grand Ole Opry.'" Bailey toured with other stars of the Opry, including Roy Acuff, Uncle Dave Macon, Bill Monroe, and others. During his travels throughout the South in the 1930s, he was well received by the country music public, although racial segregation laws caused Bailey problems in hotels and restaurants. To get a hotel room, on some occasions either he posed as a baggage boy for the white performers or pretended to be Uncle Dave Macon's valet.  In April of 1927, Bailey teamed with the black Golden Echo Quartet to make his first recordings of "Pan American Express" and "Hesitation" for Columbia Records in Atlanta. The Columbia recordings were never released. Two weeks later he recorded eight titles for Brunswick label in New York. On October 2, 1928, DeFord recorded for Victor records during a Nashville session. "Ice Water Blues/Davidson County Blues" became so popular that the Victor label released it three times. 
    1929 - Guitarist Howard Roberts (1929-92) birthday, Phoenix, AZ. 
    1929 - Birthday of Moses Gunn (1929-93) at St. Louis, MO.  The 1981 winner of the NAACP Image Award for his performance as Booker T. Washington in the film “Ragtime”. His appearances on stage ranged from the title role in “Oth­ello” to Jean Genet's “The Blacks”.He received an Emmy nomina­tion for his role in “Roots” and was awarded several Obies for off-Broadway performances. On film, he appeared in “Shaft” and “The Great White Hope”.  
    1929 - "The National Farm and Home Hour", which gave rural Americans information about farm products, growing crops, farm animal care and useful household tips, debuted on NBC radio. "The Stars and Stripes Forever" opened the show. Don Ameche and Raymond Edward Johnson were featured, along with music and entertainment by The Cadets male quartet, Jack Baus and The Cornbusters and Mirandy of Persimmons Holler. "The National Farm and Home Hour" was sponsored by Montgomery Ward (or, Monkey Ward's, as we used to call it). 
    1932 – Arnold Greenberg (1932-2012), the founder of Snapple, was born in Brownsville, Brooklyn, NY.
    1933 - "Red Adams" was heard for the first time on NBC radio. Later, the program was retitled, "Red Davis", starring Burgess Meredith, "Forever Young" and, finally, "Pepper Young's Family", starring Mason Adams. Radio listeners kept listening through all the changes until 1959. 
        1935 - Birthday of Robert H. Lawrence, Jr., (1935-67) in Chicago's South Side.  He was named the first black astronaut when he was selected by the Air Force for space flight training in 1966. Lawrence graduated from Englewood High School and earned a B.S in chemistry from Bradley University in 1956. He joined the Air Force and completed a doctorate in physical chemistry at Ohio State University. He died in a plane crash on Dec. 8, 1967, at Edwards Air Force Base in California before the start of his space mission. On August 30, 1983, Guion (Guy) S. Bluford, Jr. became the first African-American astronaut to make a space flight. Robert H. Lawrence School in Chicago's Jeffrey Manor neighborhood is named in his memory. 
    1935 - Perhaps the most intense hurricane ever to hit the U.S. struck the Florida Keys with 200 mph winds. The hurricane produced a fifteen foot tide and waves thirty feet high. 400 persons perished in the storm on that Labor Day. The barometric pressure at Matecumbe Bay, FL hits a record low for the U.S. of 26.35 inches.
    1937 - Ronald Reagan, just 26 years old, made his acting debut with the Warner Brothers release of "Love is in the Air". 
    1937 – Peter Ueberroth, the former commissioner of Major League Baseball and the Chairman of the 1984 Los Angeles Olympics, was born in Evanston, IL.  Under Ueberroth's leadership and management, the first privately financed Olympic Games resulted in a surplus of nearly $250 million. This was subsequently used to support youth and sports activities throughout the United States. Coincidentally, he was born on the day on which the founder of the modern Olympic Games, Baron Pierre de Coubertin, died.  Just as Ueberroth was taking office as Commissioner, the Major League Umpires Union was threatening to strike the postseason. Ueberroth managed to arbitrate the disagreement and had the umpires back to work before the League Championship Series were over. The next summer, Ueberroth worked behind the scenes to limit a players' strike to one day before a new labor agreement was worked out with the Players Association.  During the course of his stint as commissioner, Ueberroth reinstated two Hall of Famers, Willie Mays and Mickey Mantle, who had been banned from working for Major League Baseball by Kuhn because of their associations with gambling casinos. Also, Ueberroth suspended numerous players because of cocaine use, negotiated a $1.2 billion television contract with CBS, and initiated the investigation against Pete Rose’s betting habits. In 1985, Ueberroth's first full year in office, the League Championship Series expanded from a best-of-five series to a best-of-seven series. At his urging, the Chicago Cubs chose to install lights at Wrigley Field rather than reimburse the leagues for lost night-game revenues. Ueberroth then found a new source of income in the form of persuading large corporations to pay for the privilege of having their products endorsed by Major League Baseball.      
    1939 - "Flying Home" was recorded by Benny Goodman and his six-man-band -- for Columbia Records. It became his “signature” tune. He had two black musicians, Teddy Wilson on piano and Lionel Hampton on vibraphone. Goodman was the first to break the white-black musician barrier in the early 1930's and the first major band and group to include both black and white musicians playing together, especially in lead positions. 
    1944 - Navy pilot and future President George Herbert Walker Bush was shot down by Japanese forces as he completed a bombing run over the Bonin Islands. Bush was rescued by the crew of the U.S. submarine Finback; his two crew members, however, died.
    1944 - LEE, DANIEL W., Medal of Honor. 
Rank and organization: First Lieutenant, U.S. Army, Troop A, 117th Cavalry Reconnaissance Squadron. Place and date: Montreval, France, 2 September 1944. Entered service at: Alma, Ga. Born: 23 June 1919, Alma, Ga. G.O. No.: 14, 4 February 1946. Citation: 1st Lt. (then 2d Lt. ) Daniel W. Lee was leader of Headquarters Platoon, Troop A, 117th Cavalry Reconnaissance Squadron, Mechanized, at Montreval, France, on 2 September 1944, when the Germans mounted a strong counterattack, isolating the town and engaging its outnumbered defenders in a pitched battle. After the fight had raged for hours and our forces had withstood heavy shelling and armor-supported infantry attacks, 2d Lt. Lee organized a patrol to knock out mortars which were inflicting heavy casualties on the beleaguered reconnaissance troops. He led the small group to the edge of the town, sweeping enemy riflemen out of position on a ridge from which he observed 7 Germans manning 2 large mortars near an armored half-track about 100 yards down the reverse slope. Armed with a rifle and grenades, he left his men on the high ground and crawled to within 30 yards of the mortars, where the enemy discovered him and unleashed machine-pistol fire which shattered his right thigh. Scorning retreat, bleeding and suffering intense pain, he dragged himself relentlessly forward He killed 5 of the enemy with rifle fire and the others fled before he reached their position. Fired on by an armored car, he took cover behind the German half-track and there found a panzerfaust with which to neutralize this threat. Despite his wounds, he inched his way toward the car through withering machinegun fire, maneuvering into range, and blasted the vehicle with a round from the rocket launcher, forcing it to withdraw. Having cleared the slope of hostile troops, he struggled back to his men, where he collapsed from pain and loss of blood. 2d Lt. Lee's outstanding gallantry, willing risk of life, and extreme tenacity of purpose in coming to grips with the enemy, although suffering from grievous wounds, set an example of bravery and devotion to duty in keeping with the highest traditions of the military service 
    1945 - Aboard the USS Missouri in Tokyo Bay, Japan formally surrenders to the Allies, bringing an end to World War II. By the summer of 1945, the defeat of Japan was a foregone conclusion. The Japanese navy and air force were destroyed. The Allied naval blockade of Japan and intensive bombing of Japanese cities had left the country and its economy devastated.
    1945 - Birthday of singer/songwriter Don McLean, New Rochelle, NY.
    1945 – Vietnam declared its independence, forming the Democratic Republic of Vietnam.
    1946 - Birthday of singer Freddie Jackson, Harlem, NYC. 
    1946 - Birthday of accordion player Jo-EL Sonner, Rayne, LA. 
    1947 - Yogi Berra becomes first to pinch hit a World Series homer.
    1948 - Donna Karan born Forest Hills, NY.  U.S. fashion designer, responsible for the Murphy Brown look - the mix and match wear in soft fabrics in muted colors that allowed an active woman to move comfortably and stay neat all day. She had two terms as chief designer for the Anne Klein line before breaking off to form her own line. Her first stock offering topped $160 million. 
    1948 - Birthday of Terry Bradshaw, Hall of Fame football player, sportscaster, Shreveport, LA.
    1949 - “Hennnnnnreeeeee! Henry Aldrich!” “Coming, Mother!” The popular radio program, "The Aldrich Family", became one of TV's first hits, as the longtime radio show appeared on NBC-TV for the first time. In addition to being a successful radio transplant, "The Aldrich Family" scored another distinction -- being the very first TV sitcom (situation comedy). 
    1950 - The temperature at Mecca, CA, soared to 126 degrees to establish a U.S. record for the month of September. The low that morning was 89 degrees.
    1950 - Top Hits 
“Goodnight Irene” - The Weavers 
“La Vie En Rose” - Tony Martin 
“All My Love” - Patti Page 
“Goodnight Irene” - Red Foley-Ernest Tubb 
    1950 - This comic strip “Peanuts” by Charles Schultz featured Charlie Brown, Lucy, Linus, Sally, Peppermint Patty and Charlie's dog Snoopy. The last new Peanuts strip was published Feb 13, 2000, the day after Schultz passed from colon cancer.
    1950 - "Lux Video Theater," James Mason, Otto Kruger and Gordon MacRae hosted this half-hour dramatic anthology series that aired for seven years on both CBS and NBC. Its famed guest stars included: Robert Stack in "Inside Story" (1951); Peter Lorre in "The Taste" (1952); Grace Kelly in "A Message for Janice" (1952); Edward G. Robinson in "Witness for the Prosecution" (1953) and Esther Williams in "The Armed Venus" (1957). 
     1951- Birthday of Mark Harmon, football player, but best known as an action in “NCIS,” “St. Elsewhere,” “Chicago Hope.” Born Burbank, CA.  
     1952 – Birthday of Hall of Fame Tennis Player Jimmy Connors, St. Louis, Mo.
    1953 - Brooklyn Dodger Carl Erskine strikes out 14 Yankees in the 50th World Series, establishing a World Series record that stood until 1968 when Bob Gibson of the St. Louis Cardinals struck out 17 Tigers. 
    1954 - "The Jimmy Durante Show" premiered on TV. Affectionately known as "The Schnozz," Durante hosted a Saturday night variety show with his former vaudeville partner, Eddie Jackson, pianist Jules Baffano and drummer Jack Roth. It alternated with "The Donald O'Connor Show" on NBC and aired for two years. 
    1954 - “The George Gobel Show” premiers on TV. George Gobel hosted this comedy-variety show for five years on NBC. Chanteuse Peggy King and Jeff Donnell were also on the show, with Eddie Fisher as “permanent guest star.” In 1959, Gobel switched networks to CBS and appeared for a year with Joe Flynn, Anita Bryant and Harry von Zell. He played Las Vegas often. 
    1955 - "Alfred Hitchcock Presents" premiered on TV.  Alfred Hitchcock was already an acclaimed director when he began hosting this mystery anthology series that aired on CBS and NBC for 10 years. Each episode began with an introduction by Hitchcock, the man with the world's most recognized profile. Hitchcock directed about 22 episodes of the series. Robert Altman was also a director for the series. Among the many stars that appeared on the show are:   Barbara Bel Geddes, Brian Keith, Gena Rowlands, Dick York, Claris Leachman, Joanne Woodward, Steve McQueen, Peter Lorre, Dick Van Dyke, Robert Redford and Katherine Ross. 
    1958 - Top Hits 
“It's All in the Game” - Tommy Edwards 
“Rock-in Robin” - Bobby Day 
“Tears on My Pillow” - Little Anthony & The Imperials 
“Bird Dog” - The Everly Brothers 
    1959 - "The Twilight Zone" went on the air with these now-familiar words: "There is a fifth dimension, beyond that which is known to man. It is a dimension as vast as space and as timeless as infinity. It is the middle ground between light and shadow, between science and superstition, and it lies between the pit of man's fear and the summit of his knowledge. This is the dimension of imagination. It is an area which we call ‘The Twilight Zone'." The anthology program ran five seasons for 154 installments, with a one-year hiatus between the third and fourth seasons. It now is considered to have been one of the best dramas to appear on television. It was created and hosted by Rod Sterling. He lived down the street from us in the Pacific Palisades. My father, Lawrence Menkin, wrote several of the episodes. He used to give Rod Sterling a hard time, calling him a "hog" for writing most of them. Sterling would get a kick out of this from my father who was six foot four and Sterling was thin and about five foot four tall. The last episode was telecast on Sept 30, 1965. 
    1961 - “Ben Casey” premieres on television, competing with “Dr. Kildare”, starring Richard Chamberlain. The second year, it overtook Dr. Kildare in ratings, running for five years and 153 episodes starring Vince Edwards as Dr. Ben Casey, Sam Jaffe as Dr. David Zorba, Franchot Tone as Dr. Freeland and Bettye Ackerman as Dr. Maggie Graham. Edwards was a friend of my father's very good friend and actor (can't remember his name right now), who found himself “typecast” as an actor, tried singing, and had gone from nobody to a great TV star, and then back to a “nobody,” he felt; brooding about it, almost obsessed, as I remember. He died of cancer March 12, 1996. l 
    1962 - Frank Sinatra records with Count Basie, Los Angeles, Reprise Records FS 1008 
    1963 – “The CBS Evening News” became network television's first half-hour weeknight news broadcast, when the show is lengthened from 15 to 30 minutes.  Walter Cronkite continued as the anchor until his retirement in 1981.
    1965 - Pope Paul VI named the Very Reverend Bishop Harold Robert Perry of Lake Charles, LA as the auxiliary bishop of the Archdiocese of New Orleans. He was the very first African-American Catholic bishop. He was consecrated in the Basilica of St. Louis, New Orleans, on January 6, 1966, and was the pastor of the New Orleans Parish of St. Theresa of the Child of Jesus, Society of the Divine Word. 
    1965 - The McCoys' "Hang on Sloopy" hit #1 in the U.S. The song snuck in at number one for one week, between "Eve of Destruction", by Barry McGuire and "Yesterday", by The Beatles. 
    1965 - The Beatles receive a Gold record for their single, "Help!" which was still rising up the charts. 
    1965 - The Beatles release "Yesterday", on which only Paul is actually playing. More than 2,500 cover versions of the song exist, making it one of the most recorded songs in history. 
    1966 - Top Hits 
“Cherish” - The Association 
“Beauty is Only Skin Deep” - The Temptations 
“Black is Black” - Los Bravos 
“Almost Persuaded” - David Houston 
    1966 - Sandy Koufax, in great pain from an arthritic elbow, won 27 games and, for the third time in four years, led the Los Angeles Dodgers to the National League pennant. However, the Baltimore Orioles swept the Dodgers 4-0 in the World Series that year.  Koufax would announce his retirement, at age 31, later this year. 
    1967 - Thurgood Marshall (1908-1993), appointed by President Lyndon B. Johnson, was sworn in as associate justice of the U.S. Supreme Court. Marshall was the first black Supreme Court justice and served until his retirement on June 27, 1991, at the age of 82. He had served in the U.S. Second Circuit Court of Appeals (1961-1965) and as U.S. Solicitor General (1965-1967). A chronology of his career…
         1930 - Mr. Marshall graduates with honors from Lincoln U. (cum laude) 
         1933 - Receives law degree from Howard U. (magna cum laude); begins private practice in Baltimore 
         1934 - Begins to work for Baltimore branch of NAACP 
         1935 - With Charles Houston, wins first major civil rights case, Murray v. Pearson 
         1936 - Becomes assistant special counsel for NAACP in New York 
         1940 - Wins first of 29 Supreme Court victories (Chambers v. Florida ) 
         1944 - Successfully argues Smith v. Allwright, overthrowing the South's "white primary" 
         1948 - Wins Shelley v. Kraemer, in which Supreme Court strikes down legality of racially restrictive covenants 
         1950 - Wins Supreme Court victories in two graduate-school integration cases, Sweatt v. Painter and McLaurin v. Oklahoma State Regents 
         1951 - Visits South Korea and Japan to investigate charges of racism in U.S. armed forces. He reported that the general practice was one of "rigid segregation". 
         1954 - Wins Brown v. Board of Education of Topeka, landmark case that demolishes legal basis for segregation in America 
         1961 - Defends civil rights demonstrators, winning Supreme Circuit Court victory in Garner v. Louisiana ; nominated to Second Court of Appeals by President J.F. Kennedy 
         1961 - Appointed circuit judge, makes 112 rulings, all of them later upheld by Supreme Court (1961-1965) 
         1965 - Appointed U.S. solicitor general by President Lyndon Johnson; wins 14 of the 19 cases he argues for the government (1965-1967)

    1968 - Bob Gibson of the St. Louis Cardinals struck out 17 Detroit Tigers, a record, in the first game of the World Series. The Tigers recovered to win the Series in seven games. 
    1968 - Redwood National Park established. 
    1974 - Top Hits 
“Rock Me Gently” - Andy Kim 
“I Honestly Love You” - Olivia Newton-John 
“Nothing from Nothing” - Billy Preston 
“I'm a Ramblin' Man” - Waylon Jennings 
    1975 - W.T. Grant files for bankruptcy, after a year of desperately trying to revive its flagging fortunes. Seeds of the company's collapse were planted in the mid-1960s, when management embarked on an ambitious growth program. The company decided to open a fleet of new stores and, after five years of rapid expansion, 410 super-sized Grant outlets had been built around the country. At the same time, Grant, which had traditionally stocked mainly inexpensive products, began to offer more of the pricier items usually sold at department stores. Unfortunately, the retail makeover only served to alienate Grant's clientele, who had relied on the stores for cheap goods. When a recession hit in 1974, the company was left with little in the way of customers or earnings. At the time it went belly-up, W.T. Grant was saddled with over $1 billion in debt, making it the nation's single biggest retailing failure, chump change today. 
    1977 - When Dusty Baker hits his 30th homer of the season against the Astros' J.R. Richard, the Dodgers become the first team in major league history to have four players hit 30 or more home runs. He joins with Steve Garvey (33), Reggie Smith (32) and Ron Cey (30) to complete the foursome. 
    1980 - Larry Holmes retains WBC heavyweight title defeating Muhammad Ali 
    1982 - Top Hits 
“Jack & Diane” - John Cougar 
“Eye in the Sky” - The Alan Parsons Project 
“Somebody's Baby” - Jackson Browne 
“Put Your Dreams Away” - Mickey Gilley 
    1988 - The games of the XXIV Olympiad closed at Seoul, Korea. The Soviet Union topped the medals tally with 132 (55 gold) against 102 medals for East Germany (37 gold) and 94 for the United States (36 gold). The Olympics were also profitable, with a surplus of $288 million. And the Games helped open new avenues of foreign trade and commerce to the isolated, but burgeoning, South Korean economy. 
    1988 - Unseasonably hot weather prevailed in the northwestern U.S. Afternoon highs of 98 degrees at Olympia, WA, 98 degrees at Seattle WA, 105 degrees at Portland, OR, and 110 degrees at Medford, OR, established records for the month of September. Quillayute, WA equaled their September record with an afternoon high of 97 degrees. 
    1990 - Top Hits 
“(Can't Live Without Your) Love and Affection” - Nelson 
“Close to You” - Maxi Priest 
“Praying for Time” - George Michael 
“Jukebox in My Mind” - Alabama 
    1995-The Rock and Roll Hall of Fame opened in Cleveland, Ohio, with Bob Dylan, Chuck Berry, Aretha Franklin, Al Green, Booker T and the MGs, Little Richard, the Allman Brothers, Boz Scaggs, James Brown and Martha Reeves making contributions. 
    2001 - Sammy Sosa becomes the first player in baseball history to slug 60 home runs in three seasons. The Cubs' outfielder connects off Reds starter Lance Davis to reach the milestone. 
    2002 - Former Diamondback Alex Cabrera slams his 55th home run to tie the Japanese single-season home run mark. The 31-year-old Seibu Lion joins Sadaharu Oh (1964) and Tuffy Rhodes (2001) in the record book.
    2013 - The new eastern span of the San Francisco-Oakland Bay Bridge opened to traffic as the widest bridge in the world.

    World Series Champions
    1932 - New York Yankees 
    1954 - New York Giants



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