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2 years + vendor driven experience
Active with major trades shows, vendor programs and Pefunding
Small office environment, with knowledgeable staff member and 17 year reputation for performance
Quality funding sources
Large commission structure with book of business

Confidential Interview:
Barbara Griffith 714-573-9804 ext 101

Thursday, September 23, 2009

Singer/Songwriter/Guitarist Gerald "Gerry" Marsden born 24 September 1942 in Dingle, Liverpool, England; best known for being leader of the British band Gerry & the Pacemakers. "How Do You Do It," "I Like It," "You'll Never Walk Alone," "It's Gonna Be Alright," and "Ferry Cross the Mersey," his last big hit (primarily in UK)


Icon Co-Founder Tom Martin Passes Away
    Classified Ads---Senior Management
Bulletin Board Complaint
Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint
Benchmark Financial Groups, Aliso Viejo, CA
    No more cutbacks at IDS
        Cartoon---Executive Meeting
Classified Ads---Help Wanted
Sales Make it Happen by Steve Chriest
    6% of Time Spent Selling
The 2009 Toronto International Film Festival
    By Fernando F. Croce-"Up in the Air" winner
GE Capital, Healthcare Provides $1 Billion
    Financial Federal Q Net income decreased 27%
Cameron Krueger to Receive ELFA Service Award
    How to Build a Positive Credit Report
You May have Missed---
      California Nuts Brief---
        Sports Brief---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
Baseball Poem
Daily Puzzle
        Weather, USA or specific area
Traffic Live----

######## surrounding the article denotes it is a “press release”


Icon Co-Founder Tom Martin Passes Away

One of the original three founders that lead to the formation of Icon Capital, Thomas W. Martin, 55, died from a pulmonary embolism. According to the Monitor, ICON is the fifth largest independent equipment leasing company and the largest privately-held independent equipment leasing and finance company in the United States. He was CEO and President of ICON Capital, resigned January 11, 2007, but remained as Chairman of ICON Capital, as well as a member of ICON Capital's Investment Committee, following the death of Icon Co-Founder and Chairman Beaufort J. B. (Beau) Clarke.

Paul B. Weiss, who was Vice Chairman of the parent company and President of ICON Capital the primary operating company... today Chairman of Pacific Rim Partners said, "Tom was believed to be in good health and of course his premature death is sad news for friends and family."

Mr. Martin served as the President and Treasurer of ICON Securities Corp. since August 1996. He had over 19 years of senior management experience in the leasing business. He was in the equipment leasing business since 1983.



Classified Ads---Senior Management

Philadelphia, PA
Executive that led vendor technology leasing start-ups for US Bancorp and Wells Fargo.
Hired and managed vendor teams in technology, office equipment, telecom and transportation.

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

Philadelphia, PA
27 yrs. exp. sales, ops., credit, strategy, P&L mngmet. Most recently created & executed the biz plans for 2 highly successful Bank-owned small ticket leasing subsidiaries.
Philadelphia Metro Area - 30 Years experience Healthcare sales/ management- 3 years experience newly create "small-ticket" healthcare division.
Good success - Mitch Utz

For a full listing of all "job wanted" ads, please go to:

To place a free "job wanted" Leasing News ad:



Bulletin Board Complaint
Benchmark Financial Groups, Aliso Viejo, CA

Paula Sadler, Cable Line Installation Services, Perkasie, Pennsylvania said after signing the lease contract and sending in the check, more information was requested. There are several emails for several days waiting for the check to be sent to the vendor, and emails back that it was being processed. Five days later she is told the lease was "approved," but not "funded" and the "bank" did not fund. She asks if they can change from ten truck units to four truck units.

The salesman in a subsequent email says "If I get it approved today...I will email you the final funding documents and apply the deposit I have to the 1st month's payment and titling. If it gets declined I will issue the refund.

"If you submit this to another broker...I will cancel the deal and keep the deposit."

By subsequent email, telephone calls were not returned, but this was the next email:

"Our bank line just called my credit manager...I should have the answer shortly. If it gets declined...I will issue you the refund."

In discussions with a Benchmark Financial "spokesperson," Leasing News was told there was a document the applicant signed that stated if they went elsewhere for the lease they would forfeit the deposit. According to the "spokesperson," Marcus Davin, the president of Benchmark Funding Groups, did not want the "spokesperson" to provide the document. Telephone calls and emails to Marcus Davin by Leasing News were not returned.

Copy of Lease Agreement:

Previous complaints:
Benchmark Financial Group, Aliso Viejo, CA
Benchmark Financial Group, Aliso Viejo, CA



Bulletin Board Complaint
Benchmark Financial Groups, Aliso Viejo, CA

Email from Benchmark Financial Groups salesman:

"I found out what the holdup was, apparently recently you had financed some piece of equipment and they were researching to make sure it was the same company and due to our total exposure, the file is out right declined, so I am not sure what the deal is with it, but I CC'd Joe Carter in on this and I am positive they have some sources. Also CC'd our accounting department to get you a refund on your money. I apologize, but then again I had no way of knowing what or when you have financed other things, and who you financed them with."

This is what Advantage Equipment, Birmingham, Alabama received :

The applicant never agreed to the fees charged and also was told in the email they would be getting a refund because the lease did not go through. It appears they were originally "approved" and then signed the lease agreement on that assumption.

Emails and telephone calls to Marcus Davin, President of Benchmark Funding Group were not returned.

Copy of Lease Agreement:



No more cutbacks at IDS

According to several reliable sources, International Decision Systems, Minneapolis, Minnesota, has been making cutbacks and other changes in the last six months, but with the appointment of Thomas L. Thomas as Executive Chairman, an IDS spokesperson told Leasing News: "There are no other changes going on coincident with the appointment of Mr. Thomas as our Executive Chairman."

Thomas L. Thomas, New IDS Exec. Chairman

"IDS has a strong and effective management team and an experienced board of directors," Thomas said. "I am pleased to join them to help continue and expand the company's long track record of market leadership."

"We couldn't be more pleased with Tom's decision to join our team," said Todd Davis, CEO of IDS. "His tremendous leadership experience will be instrumental in assisting IDS to achieve the next phase of its growth."

"IDS is a key portfolio investment for our firm and the addition of Tom Thomas reflects our commitment to bolstering the leadership team of this important and successful investment" said Nicholas E. Somers, Managing Partner of SV Investment Partners, the private equity owner of IDS and Chairman of the Executive Committee of the IDS board.

"Tom will add a deep background in enterprise software to our management team and our experienced and accomplished board of directors which already includes technology veterans Michael Armstrong, former Chairman of Comcast Corporation and former Chairman and CEO of AT&T and Hughes Electronics, David Dobson, President, Pitney Bowes Management Services & EVP, Enterprise Sales and Solutions, Pitney Bowes Inc. and the former CEO of Corel, and Paul Lacy, former President of Kronos, Inc."

"Mr. Thomas brings more than 35 years of successful software industry executive leadership as both a software vendor CEO and a corporate CIO to IDS. His most recent role was as President and Chief Operating Officer of GXS, Inc., a leading worldwide technology provider of business-to-business EDI and supply chain integration, synchronized and collaboration solutions. Prior to its acquisition by GXS, Mr. Thomas served as President and Chief Executive Officer of Haht Commerce, Inc. a leading provider of demand chain management solutions. Mr. Thomas was also previously CEO and President of Ajuba Solutions, a provider of integration software, acquired by Interwoven. Prior to this he was Chairman, President and CEO of Vantive Corporation, a public company and leading customer relationship management software vendor acquired by PeopleSoft. Before joining Vantive, Mr. Thomas was SVP of E-Business and CIO at 3Com, Palm, Dell Computer, as well as VP at both Kraft Foods and Sara Lee. Mr. Thomas also brings extensive board experience and currently serves as a director on three software company boards.





Classified Ads---Help Wanted


2 years + vendor driven experience
Active with major trades shows, vendor programs and Pefunding
Small office environment, with knowledgeable staff member and 17 year reputation for performance
Quality funding sources
Large commission structure with book of business

Confidential Interview:
Barbara Griffith 714-573-9804 ext 101


Lease Corporation of America is seeking a select group of business development professionals to participate in our Independent Sales Associate program.
This is a commission only program that can lead to permanent employ with base salary, commission and benefits.

John Martella
LCA Financial, llc
Phone: 800.800.8098 ext. 5209
Direct: 248.743.5209


2 years+ small ticket ($150k and under) experience
We offer the ability to structure and fund Vendor Programs, great
commission splits; friendly support staff in beautiful Carlsbad, CA.
Remote office work is acceptable for the right candidate.
More Info: click here or Email

ILS is a direct lender specializing in
Vendor Program business.


Sales positions in the Western United States
5 years+ small ticket or mid market experience
Established customer/vendor relationships a plus. Draw/Base
plus commission. Submit resume to:

TEQlease provides customized equipment leasing solutions for businesses.



Sales Make it Happen
by Steve Chriest

6% of Time Spent Selling

A major sales consulting firm estimates that most salespeople spend no more than six percent (6%) of their available working hours talking to prospects and customers in person or on the phone about whether the customer or prospect wants to grow their business or fix a problem in the business. Excluding telemarketers, where then do most salespeople spend their time?

Not surprisingly, effective time management is a challenge for many salespeople and sales managers. What is surprising is how much time and money is spent by sales organizations desperate to teach their sales teams how to spend their work time wisely and efficiently. Even a cursory look at the essential activities of salespeople reveals all you need to know about time management for the sales team.

For most salespeople, there are only six essential tasks for which they are responsible: prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management. With the exception of continuing education, a salesperson can plan his or her days, weeks, months and years around these essential activities. The trick is to exclude as many activities as possible that do not impact at least one of these essential tasks.

Because all companies need revenue, and salespeople are paid to close business, closing business is the number one priority for most salespeople. It seems obvious, then, that salespeople would not let anything stand in the way of closing current business with customers.

Whether a salesperson prospects as a hunter, or is continually on the lookout for additional opportunities to do more business with existing customers, prospecting for business is the second most important activity for all salespeople.

Why? Without a constant flow of new prospects, or new prospective business from existing customers, a sales pipeline or funnel quickly runs dry.

Once prospects are identified, salespeople must qualify the prospects as a fit for the products or services offered. There are few things in a salesperson's working life that are worse than spending gobs of time with prospects who cannot or will not do profitable business with the salesperson's company.

As business from a number of prospects and customers begins to move through the salesperson's pipeline, time must be spent facilitating activities that cause that business to move toward closing. It's here that salespeople waste most of their time. Whether the salesperson is at fault, or whether operational inefficiencies make it necessary for salespeople to baby-sit order processing, this activity robs many salespeople of precious selling time.

Salespeople must spend some time cultivating and growing their relationships with customers. This essential activity can take many forms, from regular visits to the customer's place of business, researching solutions to customer challenges, to arranging entertainment events like business lunches and dinners, sporting events and so on.

Finally, as bitter a pill as it is for salespeople to swallow, some time must be spent reporting activities and the results of activities to sales management. After all, if sales managers did not receive reports from their team, what on earth would they do with their time? But seriously, management should always require reports from the sales team, not for the purposes of micromanagement, but for the value of the intelligence to be gained from feedback reported by the sales team.

Keeping the main activities of sales in mind - prospecting, qualifying, facilitating orders, closing business, maintaining customer relationships, and reporting activities to management Š should help salespeople and managers prioritize and allocate selling time. Does anyone really need a time management class to tell them to do essential selling activities and stop doing everything else during selling hours?

About the author: Steve Chriest is the founder of Selling UpTM (, a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling The E-Suite, The Proven System For Reaching and Selling Senior Executives and Five Minute Financial Analyst, Basic CREDIT & Analysis Tools for Non-Accountants. You can reach Steve at

Sales Makes it Happen articles:



Leasing News: The 2009 Toronto International Film Festival
By Fernando F. Croce

The Toronto International Film Festival is one of the most respected fests not just because of the quality and variety of entries from all the corners of the world, but also because it allows audiences an early glimpse at many of the movies that will make news in the upcoming few months. Here are some titles to keep an eye on as releases get serious and awards seasons approaches.

Antichrist: Danish director Lars Von Trier is known for pushing the envelope, but he may have outdone himself with this disturbing portrayal of a traumatized couple (Willem Dafoe, Charlotte Gainsbourg) who try to exorcize their fears by moving into an isolated woods cabin. Definitely not for the faint of heart, but the movie is undeniably powerful filmmaking, with an award-winning performance by Gainsbourg.

Bad Lieutenant: Port of Call New Orleans: Director Werner Herzog and actor Nicolas Cage bring out the eccentric best out of each other in this manic, very dark-humored police thriller. Loosely based on the 1992 drama of the same name, it follows Cage as an unhinged homicide detective who's more corrupt than most of the criminals he comes across. A wild ride, both unsettling and giddy.

The Imaginarium of Doctor Parnassus: Following the untimely death of star Heath Ledger, it looked as if Terry Gilliam's extravagant fantasy was doomed to shut down. Never one to let difficulties get him down, however, Gilliam forged ahead and crafted a colorful, endlessly inventive movie that serves as both a summarization of the director's obsessions and a moving tribute to the young star's talents.

Mother and Child: Annette Benning, Naomi Watts, Kerry Washington and Samuel L. Jackson headline the excellent cast in this highly emotional drama about the power of maternal bonds. Charting the interlocking storylines of a trio of Los Angeles women and their attitudes toward children, it provides a sensitive and excellently acted look at the connection between people in a world always threatened by loneliness.

The Neil Young Trunk Show: Following on their exceptional "Neil Young: Heart of Gold," Oscar-winning director Jonathan Demme and the legendary singer team up once more for this heartening and beautifully assembled concert film, combining Young's performance of his more recent hits with his classic and more obscure songs.

A Serious Man: Joel and Ethan Coen ("No Country for Old Men") deliver another stylish, acerbically funny look at men pushed into tight corners. Set in 1967, it follows a middle-class teacher (Michael Stuhlbarg) who struggles desperately to hang on to his sanity as his life quickly spins out of control. Hilarious and bleak at the same time.

Up in the Air: George Clooney plays a globe-trotting executive who specializes in firing people and whose relationships with his girlfriend (Vera Farmiga) and his new firm partner (Anna Kendrick) make him question his carefree, bachelor lifestyle. Directed by Jason Reitman ("Juno"), it might be the movie to beat at next year's Oscars.

White Material: French director Claire Denis goes to Africa in this strong, provocative drama about family and cultural ties in an increasingly dangerous land. The redoubtable Isabelle Huppert plays a European landowner owner whose African plantation is torn asunder by civil war. Visually remarkable, involving, and suspenseful.

White Ribbon: Michael Haneke won the Golden Palm at this year's Cannes Film Festival for this impeccably made, subtly unsettling tale of malice growing in the heart of a small German village in the beginning of World War One. Though the Austrian filmmaker is better known for his cold studies of alienation, this movie shows signs of an almost grudging new humanism in his work.



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GE Capital, Healthcare Financial Services Provides $1 Billion in Financing in the First Half of 2009

BETHESDA, Md.----GE Capital's Healthcare Financial Services business ended the first six months of 2009 as one of the most active capital providers in the U.S. healthcare market, deploying approximately $1 billion for more than 45 transactions. Loans were used to refinance existing debt, support working capital needs and fund growth initiatives.

"Our primary focus this year has been to provide customers with tailored financing solutions to help them navigate the current economic cycle and meet business objectives," said Darren Alcus, president of GE Capital, Healthcare Financial Services. "It's an encouraging sign for the industry that demand for financing to support acquisitions, capital improvement projects and other growth initiatives has continued."

In the first half of the year, GE Capital, Healthcare Financial Services utilized the expertise of its dedicated industry teams to meet the needs of customers across its three primary segments:

Corporate Finance:

AccessOne MedCard, Inc. - Acted as administrative agent on a $25 million revolving line of credit for AccessOne MedCard, Inc, a Charlotte, NC based company that provides alternative programs that allow hospitals to more efficiently serve their self-pay patient consumers. The financing is being used to refinance existing debt and to support growth initiatives. GE Capital Markets served as sole lead arranger and sole bookrunner. Arizant Healthcare Inc. - Provided a $75 million senior credit facility to Arizant Healthcare Inc., an Eden Prairie, MN based company. Arizant Healthcare Inc. pioneered the concept of forced-air patient warming with the 1987 introduction of the Bair Hugger® therapy. Today, more than 80 percent of U.S. hospitals use Bair Hugger® therapy. The loan is being used to refinance Arizant's existing indebtedness and for general corporate purposes. GE Capital Markets served as joint lead arranger and sole bookrunner. Medical Staffing Network Holdings, Inc. (MSN) - Agented an amendment to the existing $124 million senior secured credit facility. Medical Staffing Network Holdings, Inc., is a Boca Raton based healthcare staffing company. GE Capital Markets arranged the amended credit facility. Nyack Hospital - Increased Nyack Hospital's existing credit facility to $30 million to support a capital improvement project. Nyack Hospital is a 375-bed community care medical/surgical hospital located in Nyack, NY. Regency Healthcare Group - Provided a $25 million senior secured credit facility to Regency Healthcare Group, a portfolio company of EDG Partners, LLC., based in Brentwood, TN. Regency Healthcare Group provides hospice care to terminally ill patients with the goal of improving quality of life for patients and their families. The loan is being used to refinance existing debt and for growth capital. GE Capital Markets arranged the transaction. Univita Health Inc. - Served as administrative agent on a $97 million senior credit facility for Univita Health Inc., a portfolio company of Genstar Capital. The loan is being used to refinance a portion of Univita's existing indebtedness and for general corporate purposes. Headquartered in Scottsdale, AZ, Univita Health Inc. provides an integrated approach to home-based care and support. GE Capital Markets arranged the transaction as sole bookrunner and co-lead arranger.

"Our longstanding commitment to the healthcare industry in combination with our in-depth healthcare finance expertise demonstrates our confidence in providing customers with optimal levels of liquidity and flexibility," said Bob McCarrick, senior managing director for GE Capital, Healthcare Financial Services' corporate finance team.

Healthcare Real Estate:

Brookdale Senior Living, Inc. - Provided a $50 million first mortgage. The Borrower, Affiliates of Brookdale Senior Living (NYSE: BKD - News), is a national provider of senior housing. Life Care Centers of America - Provided an $83 million senior secured credit facility to Life Care Centers of America, a privately held skilled nursing owner/operator, based in Cleveland, TN. Life Care is a premier provider of long-term health care with over 200 facilities across the country. The loan was used in combination to refinance existing debt and to acquire several properties.

"There is no doubt the economic downturn has presented challenges and opportunities in the healthcare real estate market," said Brian Beckwith, senior managing director for GE Capital, Healthcare Financial Services' healthcare real estate team. "We have focused on providing dependable capital to our existing customers during this market cycle and are now seeing opportunities to develop new customer relationships."

Life Sciences:

Salient Surgical Technologies - Agented a $20 million senior secured credit facility. The credit facility includes a $15 million term loan and a $5 million accounts receivable revolver where GE was a co-lender. The loan will be used to fund growth with a focus on field sales expansion and new product pipeline. Salient Surgical Technologies, headquartered in Portsmouth, NH, is a medical device innovator that designs, manufactures and markets surgical tools based on its proprietary Transcollation™ technology.

"Our team is dedicated to assisting life science companies and supporting healthcare innovation," said Anthony Storino, senior managing director for GE Capital, Healthcare Financial Services' life science finance team. "Innovation is at the core of life sciences companies, so we work closely with customers to help support their need to invest, grow and remain competitive."

About GE Capital, Healthcare Financial Services

With over $17 billion invested, GE Capital, Healthcare Financial Services is a premier provider of capital and services to the healthcare industry, with investments in more than 30 sub-sectors including long-term care, hospitals, pharmaceuticals, and medical devices. Our team of professionals provides deep industry expertise to create business and financial solutions tailored to meet the individual needs of our customers. For more information, visit

GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE - News) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world's toughest problems. For more information, visit the company's Web site at



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

Financial Federal Q Net income decreased 27%

NEW YORK--Financial Federal Corporation (NYSE: FIF - News) today announced results for its fourth quarter and fiscal year ended July 31, 2009. Net income for the quarter decreased 27% to $8.9 million from $12.1 million in the fourth quarter of fiscal 2008. Diluted earnings per share decreased by 29% to $0.35 from $0.49. Finance receivables originated during the quarter were $60 million compared to $208 million in the fourth quarter of fiscal 2008.

Net income for fiscal 2009 decreased 14% to $43.1 million from $50.1 million in fiscal 2008. Diluted earnings per share also decreased 14% to $1.72 from $2.01. Finance receivables originated were $488 million in fiscal 2009 compared to $924 million in fiscal 2008. Finance receivables outstanding decreased 21% to $1.54 billion at July 31, 2009 from $1.94 billion at July 31, 2008.

Results for fiscal 2009 include a $1.0 million after-tax gain on retirement of debt. The Company purchased $42.3 million of its convertible debentures in the open market for $40.6 million. Without this after-tax gain, fiscal 2009 net income decreased 16% to $42.1 million and diluted earnings per share decreased 16% to $1.68. The amounts of net income and diluted earnings per share excluding this gain are non-GAAP financial measures and are presented because the Company believes they will be useful to investors by providing consistency and comparability with the prior period's operating results and a better understanding of the changes and trends in the Company's operating results.

Paul R. Sinsheimer, CEO, commented: "Our performance in fiscal 2009 was outstanding. We earned $43 million or $1.72 per share notwithstanding the substantial reduction in economic activity and difficulties in capital markets that caused many financial institutions to collapse or need a government bailout because of their excessive risk taking. We are positioned to benefit from improving business conditions and are encouraged by recent indications of economic improvement."

Steven F. Groth, CFO, added: "With a new $100 million conduit and the renewal of a $325 million conduit combined with balance sheet contraction, we had the ability to prepay $194 million of term notes at par in July and August. This will result in substantial interest savings based on current LIBOR and our liquidity remained strong at $410 million."

Full Press Release:



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ELFA Announces Capgemini's Cameron Krueger to Receive

2009 Distinguished Service Award for Outstanding Volunteerism

Honor Recognizes Years of Association Leadership and Industry Advocacy

Washington, DC, ---The Equipment Leasing and Finance Association (ELFA) has selected Cameron W. Krueger, Vice President, Capgemini Financial Service to receive its 2009 Distinguished Service Award. The award is presented to individuals who throughout their careers have lent significant time, effort and expertise to the ELFA for the betterment of the equipment finance industry. Krueger will be formally recognized during a ceremony scheduled for the 48th Annual ELFA Convention in San Diego this October and will be featured in ELT, ELFA's highly regarded industry magazine.

"Cam Krueger is highly regarded within the equipment finance sector and has supported ELFA's efforts with an outstanding degree of commitment and enthusiasm," said Ralph Petta, ELFA President. "We are delighted to present this honor to him in acknowledgment and appreciation of his leadership and advocacy on behalf of the industry."

Krueger has been an actively engaged with the ELFA's work and governance since he became involved in the industry in 1991. His participation in ELFA governance has included serving on the Board of Directors, Executive Committee, Finance Committee, Membership Committee and special committees focused on communications and conferences. His activity on the ELFA Operations and Technology Committee included three years as chairman, during which time the committee instituted the Operations and Technology Excellence award which has become the premier technology award in the industry.

Krueger has been an active Federal and State advocate on behalf of the industry. He has participated with ELFA Federal Government Relations efforts through his contributions to the ELFA Lease Pac, and has attended and supported ELFA's efforts on Capitol Hill by attending Capitol Connections events. He's also been an active participant in ELFA State Government Relations activities such as special local legislative meetings and as an expert witness on three different occasions in support of the equipment finance industry.

Krueger has also contributed significantly to the equipment finance body of knowledge. Under his leadership, Capgemini has successfully prepared and delivered the ELFA Business Technology Performance Index, an important industry indicator now in its seventh year.

Most notably, Krueger's work to impart a better understanding of equipment finance to those outside the industry has enabled equipment financiers to leverage their investment in infrastructure and demonstrate their competitive advantage to ratings agencies and investors. In addition, Krueger's diligent effort to gain recognition from technology ratings agencies (Gartner and Celent) has resulted in the tracking and/or rating of service providers in the equipment finance sector by these agencies, an effort which has resulted in further building their value in the financial services supply chain.

"The equipment finance sector is an important industry that contributes significantly to the economy as a whole and through its employment of thousands of people both internationally and domestically," said Krueger. "I am honored to be recognized by the ELFA, which I believe has done an excellent job of ensuring the viability and long term success of this industry," he said.

About the ELFA

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $650 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its over 600 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit



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How to build a positive credit report

Silver Spring, MD - There are multiple reasons why people may want to establish new credit. They may be new entrants into the world of credit, or are perhaps trying to reestablish credit after a financial hiccup. Either way, there are some do's and don'ts that consumers should follow that will make the road to credit much smoother.

"Even though it is possible to live on a cash basis, most will need a thick and positive credit file to purchase big-ticket items such as a house or a vehicle," said Gail Cunningham, spokesperson for the NFCC. "Whether building a credit history from scratch, or trying to improve a tarnished one, it's important that consumers recognize the impact that a positive credit file can have on their financial well-being."

The National Foundation for Credit Counseling (NFCC) suggests that consumers consider the following tips when applying for credit:

o Do obtain a copy of your credit report from This is particularly useful if you are trying to rebuild your credit, as you'll want to review what existing debts you need to satisfy before moving forward.
o Do open checking and savings accounts. Even though this activity is usually not reported to the credit bureaus, lenders may inquire about the presence of such accounts on credit applications, thus it can count in your favor.
o Don't apply for too much credit at once. This can appear as though you're desperate for credit and perhaps make lenders less inclined to extend credit to you. Further, too many credit inquiries can have a negative impact on your credit score.
o Do apply for a variety of credit types. Credit scoring models value having different types of credit. Therefore, having some revolving accounts (typically credit cards) and some installment fixed payment loans (such as a car payment) can improve your score.
o Do research the type of card that is right for you. Each issuer has different lending standards (yes, a credit card is a loan), so you'll only want to apply for cards from those whose lending profile you fit. Familiarize yourself with the various standards by going to or
o Don't fall for a credit repair scheme. Why pay for something that you can do for yourself for free? If rebuilding credit, know that time is your friend, as the farther you move away from the financial distress, the less negative impact it has. Follow with responsible behavior with your new credit, and you'll soon have a solid credit file.
o Don't pay to piggyback. Piggybacking is a legitimate way to build a credit history, but only if you use it as it was intended. This tool allows someone with existing credit to add an authorized user to their account. The credit activity is then reported in the primary cardholder's name as well as the authorized user's name. Examples are adding a young adult on the parent's card, or a spouse on the other spouse's card. The wrongful use of piggybacking would be when strangers utilize this method, typically for money.
o Do consider a co-signer. Obtaining a loan in the absence of any credit history can be difficult, sometimes requiring a co-signer to guarantee payment. The loan is usually structured where the primary borrower is expected to make the payment, with the pay history reported in both names. If the borrower defaults, the lender will approach the co-signer, and missed payments will be reflected on both credit files. There is somewhat of a risk to the co-signer, but if handled responsibly, co-signing can be an effective way to help another person obtain and build credit.
o Do consider a secured credit card. This type of account is secured by a deposit made to the financial institution issuing the card. For example, if you wanted a card with a $500 limit, you would deposit that amount with the bank offering you the card. Know, however, that secured cards can have fees attached to them, and typically have a higher interest rate. The account activity is reported to the credit bureaus each month, and after responsibly making payments on a secured card, the issuer often offers the borrower an unsecured card.
o Do take out a small loan. A personal loan from a bank or credit union can serve to establish credit. You may be asked to put up collateral, but it will be worth it in order to build your credit.

"Equally as important as establishing credit is treating it responsibly. Pay your bills on time all the time and you'll enjoy all the benefits of credit," continued Cunningham.

Whether just starting out or rebuilding credit, if you need financial advice, consider reaching out to an NFCC Member Agency. To find the one closest to you, call toll free to (800) 388-2227, or go online to For help in Spanish, call (800) 682-9832.

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation's largest and longest serving national nonprofit credit counseling organization. The NFCC's mission is to promote the national agenda for financially responsible behavior and build capacity for its members to deliver the highest quality financial education and counseling services. NFCC Members annually help more than three million consumers through close to 850 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Espańol (800) 682-9832) or visit

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News Briefs----

AerCap Acquisition of Genesis to Create Largest Aircraft Leasing Company

Bank of America Draws Fire for Pulling U.S. Flags from Property

Fed holds rates for 7th time

Advanta Loan Defaults Decline Two Consecutive Months

More than 14,000 flood-related claims filed in Atlanta area

Synovus sells $600 million in new shares to bolster balance sheet; United Community to sell $175 million in shares

Coldwell Banker's annual home price comparison survey, 2009

Japan mired in slump as exports, imports tumble

Intel Aims to Replace Cabling With Fiber Optics

Publisher resigns from New York daily Newsday

Tavern on the Green: A Clash with Labor



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Today's Top Event in History

1896- Birthday of F. Scott Fitzgerald, American short story writer and novelist; author of This Side of Paradise, The Great Gatsby and Tender Is the Night. His short stories are worth reading again and are now in one collection. The last series about Hollywood in the 1940's are not very well respected by college professors, but the seventeen Pat Hobby stories about a writer down on his luck are both terrific and very revealing about his life. Born Francis Scott Key Fitzgerald, at St. Paul, MN, he died at Hollywood, CA, Dec 21, 1940.


This Day in American History

    1625- Dutch attack San Juan, Puerto Rico.
    1657-The first autopsy with a verdict of a coroner’s jury was recorded in Maryland. The surgeon received his fee of “one hogshead of tobacco” for “dissecting and viewing the corpse” of an African-American slave thought to have been murdered by his master. It was proven he was beaten to death, which was against the law, even for a “slave.”
    1683- Jews are expelled from all French possessions in America
    1734-Members of the Schwenkfelder Society gave thanks for their deliverance from Old World persecution as they prepared to take u new lives in the Pennsylvania Dutch counties of Pennsylvania. Still celebrated.
    1742-Faneuil Hall at Boston, MA, opened to the public. Designed by painter John Smibiert, it was enlarged in 1805 according to plans by Charles Bullfinch. Today it is on the Freedom Trail, as part of the Boston Historical Park, administered by the National Park Service.
    1755- birthday of John Marshall, Fourth Chief Justice of Supreme Court, born at Germantown, VA. Served in House of Representatives and as Secretary of State under John Adams. Appointed by President Adams to the position of chief justice in January 1801, he became known as “The Great Chief Justice.” Marshall’s court was largely responsible for defining the role of the Supreme Court and basic organizing principles of government in the early years after adoption of the Constitution in such cases as Marbury v Madison, McCulloch V Maryland, Cohens v Virginia and Gibbons v Ogden. He died at Philadelphia, PA, July 6,1835.
    1789 - Congress passes the Judiciary Act of 1789, establishing a strong federal court system with the powers it needs to ensure the supremacy of the Constitution and federal law. The new Supreme Court will have a chief justice and five associate justices.
    1825--Birthday of Frances Ellen Watkins (Harper) - Afro-American activist. She helped organize the National Association of Colored Women after a lifetime devoted to the cause of abolition. Her story "The Two Offers" in the Anglo-African Magazine (1859) is considered the first story written by an African-American woman to be published in the U.S.
    1855--In San Francisco, the preserved heads of Joaquin Murieta and Three-Fingered Jack" were sold at auction today for $36 to satisfy a judgment.
    1868-Birthday of ragtime pianist Scott Joplin, Bowie City, TX
    1869- Black Friday, a day of financial panic of Wall street caused by the manipulation of Jay Gould and James Fisk, ruined thousands of gold speculators. In an attempt to corner the gold market, Gould and Fisk tried to keep President Grant from selling government gold and assured the public that they had been successful. However, Grant ordered the sale of $4,000,000 in gold, forcing the price down.; Wall St panic after Gould & Fisk attempt to corner gold.
    1896- birthday of F. Scott Fitzgerald, American short story writer and novelist; author of This Side of Paradise, The Great Gatsby and Tender Is the Night. His short stories are worth reading again and are now in one collection. The last series about Hollywood in the 1940’s are not very well respected by college professors, but the seventeen Pat Hobby stories about a writer down on his luck are both terrific and very revealing about his life. Born Francis Scott Key Fitzgerald, at St. Paul, MN, he died at Hollywood, CA, Dec 21, 1940.
    1912-Birthday of pianist Teddy Wilson, Austin, TX
    1918-Birthday of pianist/organ player/arranger Wild Bill Davis, Glasgow,MO
    1923-Birthday of the great baritone sax player Serge Chaloff, Boston, MA
    1923 Trumpet player Fats Navarro Birthday
    1926 - The temperature at Yellowstone Park dipped to nine degrees below zero. It was the coldest reading of record in the U.S. during September. Severe freezes were widespread over the northwestern U.S. causing great crop destruction. In Washington State, Spokane County experienced their earliest snow of record. Harney Branch Experiment Station in Oregon reported a temperature of 2 degrees above zero to establish a state record for the month of September.
    1931- Don Redman records “Chant of the Weed”.
    1934 - Babe Ruth bid farewell to the New York Yankees. It was his last game in Yankee Stadium and for the team. The Yankees lost to the Boston Red Sox, 5-0.
    1936- birthday of Jim Henson, puppeteer, born at Greenville, MS. Jim Henson created a unique brand of puppetry known as the Muppets. Kermit the Frog, Big Bird, Rowlf, Bert and Ernie, Gonzo, Animal, Miss Piggy and Oscar the Grouch are a few of the puppets that captured the hearts of children and adults alike in television and film productions including “Sesame Street,” “The Jimmy Dean Show,” “The Muppet Show,” The Muppet Movie, The Muppets Take Manhattan, The Great Muppet Caper and The Dark Crystal. Henson began his career in 1954 as producer of the TV show “Sam and Friends” at Washington, DC. He introduced the Muppets in 1956. His creativity was rewarded with 18 Emmy Awards, seven Grammy Awards, four Peabody Awards and five ACE Awards from the National Cable Television Association. Henson died unexpectedly May 16, 1990, at New York, NY.
    1931- Don Redman records “Chant of the Weed”. (Gil Evan’s did a new arrangement of this, I think it was in “Old Wine, New Bottle.”
    1938 - Tennis champion Don Budge won the U.S. Tennis Open at Forest Hills, NY. The win made Budge the first player to win all four major titles (he also had won the Australian Open, the French Open and the British Open).
    1940- Jimmie Foxx of the Boston Red Sox hit the 500th home run of his career against pitcher George Caster of the Philadelphia Athletics. Foxx’s former team. Ted Williams hit three homers in the same game, the first half of a doubleheader. Foxx played in the majors form 1925 through 1945 and hit a total of 534 homes.
    1944-SCHAEFER, JOSEPH E. Medal of Honor
Rank and organization: Staff Sergeant, U.S. Army, Company I, 18th Infantry, 1st Infantry Division. Place and date: Near Stolberg, Germany, 24 September 1944. Entered service at: Long Island, N.Y. Birth: New York, N.Y. G.O. No.: 71, 22 August 1945. Citation: He was in charge of a squad of the 2d Platoon in the vicinity of Stolberg, Germany, early in the morning of 24 September 1944, when 2 enemy companies supported by machineguns launched an attack to seize control of an important crossroads which was defended by his platoon. One American squad was forced back, another captured, leaving only S/Sgt. Schaefer's men to defend the position. To shift his squad into a house which would afford better protection, he crawled about under heavy small-arms and machinegun fire, instructed each individual, and moved to the building. A heavy concentration of enemy artillery fire scored hits on his strong point. S/Sgt. Schaefer assigned his men to positions and selected for himself the most dangerous one at the door. With his Ml rifle, he broke the first wave of infantry thrown toward the house. The Germans attacked again with grenades and flame throwers but were thrown back a second time, S/Sgt. Schaefer killing and wounding several. Regrouped for a final assault, the Germans approached from 2 directions. One force drove at the house from the front, while a second group advanced stealthily along a hedgerow. Recognizing the threat, S/Sgt. Schaefer fired rapidly at the enemy before him, killing or wounding all 6; then, with no cover whatever, dashed to the hedgerow and poured deadly accurate shots into the second group, killing 5, wounding 2 others, and forcing the enemy to withdraw. He scoured the area near his battered stronghold and captured 10 prisoners. By this time the rest of his company had begun a counterattack; he moved forward to assist another platoon to regain its position. Remaining in the lead, crawling and running in the face of heavy fire, he overtook the enemy, and liberated the American squad captured earlier in the battle. In all, single-handed and armed only with his rifle, he killed between 15 and 20 Germans, wounded at least as many more, and took 10 prisoners. S/Sgt. Schaefer's indomitable courage and his determination to hold his position at all costs were responsible for stopping an enemy break-through.
    1951- “Love of Life” premiered on television. This serial, which began as a 15-minute show, ran for 28 years. It was set in the town of Barrowsville at first and later moved to Rosehill; the story lines also shifted from a focus on two sisters to a larger number of characters. The diverse cast included such notables as Christopher Reeve, Karen Grassle, Roy Scheider, Dana Delaney, John Aniston, Marsha Mason, Bert Convy, Warren Beatty and Barnard Hughes.
    1951-Birthday of American composer S.K. Waller, Ventura County, CA.
    1951- Dr. Chritian Hamburger at Gentofte Hospital, Copenhagen, Denmark, performed the first sex-change operation on an American. The patient was George Jorgensen of New York City, 25 years old, who later adopted the name Christine Jorgensen. Two additional operations were needed to complete the change. The first hospital to offer sex-change surgery was the Johns Hopkins University, Baltimore, MD, which began performing operations in September, 1966. The cost was about $1,500.
    1955 - Millions of Americans tuned in to watch Judy Garland make her TV debut on the "Ford Star Jubilee". The CBS show received the highest television ratings to that time.
    1957-Racial violence in Little Rock, Ark, prompted President Dwight Eisenhower to send a force of some 1000 U.S. Army paratroopers to enforce the desegregation of Central High School. The president said that violence had caused the removal of nine black students in the newly integrated school. The students entered the guarded school on September 25.
    1958 - No. 1 Billboard Pop Hit: ``It's All in the Game,'' Tommy Edwards.
    1961 - Bullwinkle J. Moose and his friend, Rocket J. (Rocky) Squirrel, were seen in prime time for the first time on NBC-TV. The Sunday night cartoon (7-7:30 p.m.) was called "The Bullwinkle Show". Originally Bullwinkle and Rocky appeared on ABC in a weekday afternoon series, "Rocky and His Friends".
    1962 - The University of Mississippi agrees to admit James Meredith as the first black university student, sparking more rioting.
    1964- “Daniel Boone” premiered on television. It was a huge success, based loosely on the life of pioneer Daniel Boone, who helped settle Kentucky in the 1770s. Fess Parker starred as the American hero. Ed Ames played Mingo, Boone’s friend, an educated Cherokee and Pat Blair played his wife, Rebecca. Also featured were Albert Salmi, Jimmy Dean, Roosevelt Grier, Darby Hinton, Veronica Cartwright and Dallas McKennon.
Parker settled into Santa Barbara, built a well-known resort,
grows grapes for wine he bottles, plus has a famous inn and spa
    1964- “The Munsters” was a half-hour sitcom about an unusual family who thought they were ordinary. Each family member resembled a different type of monster: Herman Munster (Fred Gwynne) was Frankenstein’s monster, Lily, his wife (Yvonne DeCarlo) and Grandpa, her father (Al Lewis) were vampires and his son Eddie (Butch Patrick) was a werewolf. Only their niece, Marilyn (Beverly Owen and Pat Priest), looked normal, and they considered her the unattractive family member. Most of the show’s laughs came from the family’s interactions with outsiders. The last telecast was on
Sept 1, 1966.
    1966- Top Hits This day
Cherish - The Association
Sunshine Superman - Donovan
Bus Stop - The Hollies
Almost Persuaded - David Houston
    1966-The Beatles' "Eleanor Rigby" peaks at #11 on the singles chart.
    1966-Stevie Wonder's "Up-tight Everything's Alright" enters the LP chart. It features the top-10 hits, "Uptight (Everything's Alright)" and a remake of Bob Dylan's "Blowin' In The Wind."
    1968 - No. 1 Billboard Pop Hit: ``Hey Jude,'' The Beatles. The song is the biggest for the best-selling rock group of all time. It stays at No. 1 for nine weeks.
    1968- “60 Minutes” premiered, TV’s longest-running prime-time program was originally hosted by Harry Reasoner and Mike Wallace. Dan Rather and Diane Sawyer were also reporters on TV’s first news magazine. Today the show’s correspondents include Ed Bradley, Steve Kroft, Lesley Stahl, Morley Safer, Andy Rooney and MikeWallace.
    1968-The Vogues received a Gold record for "Turn Around Look at Me", which reached #7 on the Billboard Pop chart.
    1971-the World Hockey Association was formed with 12 teams scheduled to begin play in 1972. The WHA lasted seven seasons after which four surviving teams entered the National hockey League.
    1973-Birthday of foot ballplayer Eddie George, born Philadelphia, PA.
    1974- Al Kaline of the Detroit Tigers doubled off Dave McNally of the Baltimore Orioles in the fourth inning of a 5-4 Orioles win. The hit was the 3,000th of Kaline’s career which began in 1953 and ended in 1974.
    1974-Top Hits This Day
Can’t Get Enough of Your Love, Babe - Barry White
Rock Me Gently - Andy Kim
I Honestly Love You - Olivia Newton-John
I Wouldn’t Want to Live if You Didn’t Love Me - Don Williams
    1975-Birthday of American composer Greg Robbin, Chicago, IL.
    1977- “ The Love Boat” premiered. This one hour comedy-drama featured guest stars aboard a cruise ship, the Pacific Princess. All stories had to do with finding or losing love. The ship’s crew were the only regulars (though there were occasional recurring roles, like Charo as April): Gavin MacLeod as Captain Merrill Stubing, Bernie Kopell as the often-divorced Doctor Adam Bricker, Fred Grandy as assistant purser Burl “Gopher” Smith, Ted Lange as bartender Isaac Washington and Lauren Tewes as cruise director Julie McCoy. Also featured were Jill Whelan as Vicki, Stubin’s daughter , Pat Klous as Julie, who replaced Tewes and Ted McGinley as photographer Ashely Covington “Ace” Evans. The series ended with the last telecast on September 5, 1986, but three tow-hour specials were broadcast the next year. MacLeon, Lange, Kopell and Whelan were reunited in a Love Boat special in 1990.
    1977-Fleetwood Mac's "Don't Stop" peaks at #3 on the singles chart while E.L.O.'s "Telephone Line" peaks at #7
    1977-Styx' "Come Sail Away" is released.
    1977- Rev. John T. Walker was installed as the sixth -- and first African American -- bishop of the Episcopal diocese in Washington, D.C.
    1978 - No. 1 Billboard Pop Hit: ``Kiss You All Over,'' Exile.
    1983-Billy Joel's "Tell Her About It" hits #1 on the singles chart.
    1983-The Moody Blues' "The Present" enters the LP chart.
    1885-The preserved heads of Joaquin Murieta and Three-Fingered Jack" were sold at auction today for $36 to satisfy a judgment
    1987- “A Different World” premiered. It was spin-off from “The Cosby Show,” Denise Huxtable (Lisa Bonet) goes off to Hillman College. The first season’s cast included Marisa Tomei, Dawnn Lewis, Jasmine Guy, Loretta Devine, Amir Williams, Kadeem Hardison, Darryl Bell, Marie-Alise Recasner, Mary Alice and Sinbad. Bonet left the series and returned to “The Cosby Show.” Returning for a second season were Lewis, Guy, Hardison, Bell, Alice and Sinbad, plus Charnele Brown, Cree Summer and Glynn Turman. Aretha Franklin (Turman’s wife) sang the show’s theme song.
    1988- Barbara C. Harris was elected suffragan bishop of the Diocese of Massachusetts, the first female Episcopal bishop.
    1988 - Seoul Summer Olympics flashes: 1) Carl Lewis ran the fastest 100 of his life, 9.92 seconds, but was beaten by Canadian Ben Johnson’s 9.79. “I ran the best I could, and I'm pleased with the race.” Lewis said. (Lewis did become the recipient of the that gold medal when Johnson tested positive for steroids, a banned substance for Olympic athletes.) 2) Jackie Joyner-Kersee amassed a world-record score (7,291) in the heptathlon (seven different track-and-field events for women).
    1988-Bobby McFerrin's "Don't Worry, Be Happy" hits #1 on the singles chart.
    1989 - Forty-seven cities between the Rockies and the Appalachians reported record low temperatures for the date. Lows of 38 degrees at Abilene TX, 34 degrees at Jackson KY, and 36 degrees at Midland TX established records for the month of September. The low of 36 degrees at Midland smashed their previous record for the date by thirteen degrees. Fayetteville AR and Springfield MO reported their earliest freeze of record. Thunderstorms produced torrential rains in northeastern Florida. Jacksonville was deluged with 11.40 inches of rain, and flash flooding resulted in two deaths.
    1990-- Rev. Barbara Clementine Harris was elected Episcopal Bishop in Massachusetts. Her mother Beatrice was a church organist.

    1997--The Rolling Stones start their Bridges To Babylon tour at Chicago's Soldier Field. They begin the show with "Satisfaction" and close it 2½ hours later with "Brown Sugar". A great show!!! We had seats five rows up front where Jaggers spent a lot of time singing, and I swear looking right at me, as we were literally sat on seats placed in the aisle.
    2005-- Hurricane Rita made landfall just east of Sabine Pass, on the Texas-Louisiana line, as a Category 3 hurricane with top sustained winds of 120 mph. Coast Guard units still in the area from Hurricane Katrina rescue and relief efforts responded, saving138 lives and evacuating 53 people.     2005- Averaging more than 50,000 fans per game, the Yankees become the third franchise in major league history, and the first since the 1994 strike, to pass the four-million attendance mark. The 1993 Colorado Rockies and the 1991-1993 Toronto Blue Jays are the other teams which have reached the milestone.



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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