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Collector, Atlanta, GA

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

Sales, Chicago, Atlanta

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

Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com

www.secondcityleasing.com
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit



Wednesday, July 28, 2014



Today's Equipment Leasing Headlines

  Archives---July 30, 2003
Jerry Bishop Deals New Hand—Paul Witte the Winner!!!
    Classified Ads---Legal
Marlin Business Services reports 2nd Quarter
   by Christopher Menkin
Marlin Announces $15 Million Stock Repurchase Program
  Funders Taking New Broker Business List
   Updated
Blue Bridge Financial Relocates Corporate Office
  Opens New South Carolina Business Development Office
Video Preview of ELFA Annual Convention
    ELFA President and CEO Woody Sutton
Sales Makes it Happen by Steve Chriest
  Can You Guess the Best Profession?
    Leasing Industry Ads---Help Wanted
“Waiver of Damages” Does Not Waive Breach of Warranty
   By Tom McCurnin, Leasing News Legal Editor
First Global Leasing Industry Competitiveness Forum
    Leasing Leaders from U.S. to Attend
           New Lease Accounting Video
   The Secret Life of Accountants
Fleet Financing Resources 1st Half Funding Volume up 15%
Insurance.com survey finds Americans are open to,
 even eager for, cars that drive themselves
  Labrador Retriever
   Burlingame, California  Adopt-a-Dog
Operations/Remarketing/Repossessions
   Classified ads—
News Briefs--- 
Cable Broadband Surpassing Video
 Banks handing out record number of million-dollar mortgages
  Deutsche Bank Revenue From Debt Trading Beats U.S. Peers
   Zillow to acquire rival Trulia for $3.5 billion
    UCLA, Sunset Boulevard flooded by water main break (photos)

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

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[headlines]

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

Archives---July 30, 2003
Jerry Bishop Deals New Hand—Paul Witte the Winner!!!

First Federal Leasing (FFL) formally announces the promotion of Paul Witte from Vice President, to CEO of FFL. This change has been in the planning stages for several months and will take effect August 1, 2003.
 
Former CEO, Jerry Bishop, will remain as SVP at First Bank Richmond (FBR) and will assist Paul over the next few months during the transition.
 
Paul graduated from Ball State University in 1995, joined First Bank Richmond (FBR) in 11/96, graduated from the School of Banking in Madison, WI. in 2000, and received his CPA license in 2002.
 
Paul is looking forward to continuing to work with the leasing sources, who he believes have played a major role in the performance of First Federal Leasing.

“I look very much forward to continuing this success and
building upon the relationships which has made this possible,” he said.
 
It is no secret Jerry Bishop has wanted to reduce his presence in leasing for some time. He said Paul Witte's progress has afforded him the opportunity to be able to “not work so hard and make sure the bank is in very good hands.”
 
Jerry said he will be spending 60% of his time in leasing, and 40% of his time pursuing personal and private career opportunities.
 
Contrary to popular belief, he is not retiring to Las Vegas, Nevada.
He does plan to follow up on several consulting offers that the industry has provided, and believes this announcement will be timely with the return of the economy.
 
He jokingly has made it clear he does not want a job but looks forward to assisting many current lenders or brokers in problem solving and working on special assignments. He believes the prosperity of the industry will soon return, and there will be a need for someone who would accept projects such as portfolio evaluation (sale or purchase), or comprehensive training in areas such as marketing, credit, collection, and servicing. He also believes the leasing associations play key roles in the success of our industry and has interest in working with them on how to better serve their memberships and promote our industry.
 
Both Paul and Jerry state they will be attending many of the association conventions over the next few months and will look forward to seeing old friends, and making new ones.

Today


Paul Witte
Senior Vice President at First Bank Richmond NA

 


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

Classified Ads---Legal

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

San Diego , CA 
Experienced in-house corporate, equipment leasing and financial services attorney seeks position as managing or transactional counsel. Willing to relocate.
Cell Phone: 760-533-4058;
Email:marshallrosenberg@gmail.com | Resume



Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 



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

Marlin Business Services reports 2nd Quarter
by Christopher Menkin

Marlin Business Services, Mount Laurel, New Jersey, (Nasdaq:MRLN)   with new competition from Ascentium Capital, CIT, Direct Capital, Element Financial, Financial Pacific, Navitas, RLC Funding,  among many others, reports net income of $4.9 million for the second quarter of 2014, compared to $4.5 million in 2013.  While business was up compared to the first quarter, competition saw Marlin’s lease volume down at $88,928 for second quarter of 2014, compared to $91,448 in 2013 (dollars in thousands.) Number of leases were also down: 6,423 in 2014; 6,931 in 2013.

A press release brought out the gain over the first quarter, where
Marlin’s CEO Daniel P. Dyer blamed severe winter for the temporary impact (1), "Origination volume was $88.9 million, compared to $74.0 million for the quarter ended March 31, 2014, representing an increase of 20% over the first quarter of 2014… “

The other news also reflected the new competition:

"Net interest and fee margin of 12.66% is down 39 basis points from the first quarter of 2014 and is down 70 basis points from the second quarter of 2013. The reduction from first quarter 2014 was driven by fee income and interest income. Fee income as a percentage of average total finance receivables is 2.30% for the quarter ended June 2014, compared to 2.50% in the first quarter of 2014 and 2.38% a year ago, and is due to lower late fee billings. Interest income as a percentage of average finance receivables is 11.17% for the second quarter ended June 2014 compared to 11.35% in the first quarter of 2014 and 11.86% a year ago. The decrease in interest income is primarily due to the competitive low interest rate environment and its impact on origination yields in 2014.

"The Company's cost of funds remained stable at 81 basis points, compared to 80 basis points for the first quarter of 2014, and improved 7 basis points from the second quarter of 2013. The improvement resulted from the Company's use of lower-cost insured deposits issued by the Company's subsidiary, Marlin Business Bank, its primary funding source.

"The allowance for credit losses as a percentage of total finance receivables was 1.26% at June 30, 2014, and represents 218% of total 60+ day delinquencies.

(Please note the more current numbers are on the right, not the left; a nice trick to throw reading them correctly. Editor)

(Dollars in thousands)

The issue of how many brokers (third party originators) was not revealed, although Marlin is back into this source of business. They evidently do not want to broadcast this to investors or those that view their financial statements.

"Evergreen Clauses" and residuals were not in the press release.  Perhaps it will be in the 8K when that is released. This has been one of their main profits as well as fees and insurance income.

All legal, except Evergreen in four states where lessor must notify the lessee regarding the expiration of the original lease, which I am sure Marlin does notify.  Bulletin Board complaints note they do not, especially with copiers.

  1. Marlin's CEO Blames Severe Winter for Temporary Impact
    http://leasingnews.org/archives/May2014/5_02.htm#marlin

Copy of Press Release with Financial Statement:
http://www.snl.com/Cache/24637359.pdf

 

 

 

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

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

Marlin Announces $15 Million Stock Repurchase Program

MOUNT LAUREL, N.J., (GLOBE NEWSWIRE) -- Marlin Business Services Corp. (Nasdaq:MRLN)  announced that its Board of Directors has authorized a stock repurchase program of up to $15 million of its outstanding shares of common stock, replacing the stock repurchase program established in November 2007. The manner, timing and amount of any purchase will be determined by management based on an evaluation of market conditions, stock price and other factors.

The share repurchase authorization reflects the Board's desire to continue to return value to shareholders and its confidence in the long-term growth prospects of the Company's business.

The Board of Directors of Marlin Business Services Corp. declared a $0.125 per share quarterly dividend, a 13.6% increase over the prior quarter. The dividend is payable August 21, 2014, to shareholders of record on August 11, 2014. Based on the closing stock price on July 28, 2014, the annualized dividend yield on the Company's common stock is 2.70%.

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

 



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

Funders Taking New Broker Business List
Updated

BSB
Bankers Capital 
Blue Bridge Financial, LLC 
Forum Leasing
TimePayment

Due to the request from readers, who are new leasing brokers, this is the start of a new list of funders who accept business from those new in the leasing business. Many funders require a minimum of time as well as a volume of business. The follow are on the Leasing News Funder List, a requirement to be on this list: 
http://www.leasingnews.org/Funders_Only/Funders.htm

Name
In Business Since 
Contact
Website
Leasing Association
Employees
Geo 
Area
Dollar
Amount
Business Reports
A
B
C
D
E
BSB Leasing, Inc.
1992 Colorado, Hawaii
Don Meyerson, Pres.
DMyerson@bsbleasing.com

Bruce Zwillinger, Vice President800.945.3372 ext. 306
bzwillinger@bsbleasing.com
Randy Propect, East Coast
rpropect@bsbleasing.com
Vicki Shimkus,CLP 
West Coast Brokers
vshimkus@bsbleasing.com

www.bsbleasing.com
NAELB
(click here for further description)
14
National
$5,000+
Y
N
N
Y
Y
Bankers Capital
1990
Larry LaChance - President
508-351-6000
llachance@bankers-capital.com
www.bankers-capital.com
NAELB, NEFA (footnote)
6
50 states
$25,000 +

Y

Y
N
N
N
Blue Bridge Financial, LLC
2010
Brian Gallo, President
Email
877-439-1534
bluebridgefinancial.com
NAELB, NEFA
28
United States
$5,000--$250,000
Y
N
Y
N
Y
Forum Financial Services, Inc.
1996
Tim O'Connor
972.690.9444 ext. 225
tim@forumleasing.com
240 Lake Park Blvd. Suite 112
Richardson, TX 75080
www.forumleasing.com
NAELB & UAEL
7
Nationwide
$50,000 - $1.5 million (Our average size transaction is $250,000. Preferred range $100,000 - $500,000)
N/R
N/R
N/R
N/R
N/R
Timepayment Corp
(owned by Microfinancial)
2003
Zaenglein, Ric
Email
774.249.1664 
timepaymentcorp.com
EAEL, NAELB & UAEL
100
N/R
$500 to $25,000
BBB
Y
Y
N
Y
Y
Mfg.

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

 


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

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

Blue Bridge Financial Relocates New York Corporate Office
Opens New South Carolina Business Development Office
by Shaun Michael Maciejewski


(Buffalo Office Staff)

Blue Bridge Financial, LLC, has moved to a historic office building at 535 Washington Street, Suite 201, Buffalo, New York, plus opened a business development office in Lake Wylie, South Carolina.

Preceding the headquarters move to the historic Electric Tower in Buffalo’s central business district, Blue Bridge Financial qualified for $586,173 in performance-based Excelsior Jobs Program tax credits from Empire State Development, the state’s economic development agency.


Brian Gallo
President

“We are committed to the resurgence in downtown Buffalo and the company’s aggressive growth path,” Blue Bridge Financial President Brian Gallo said. “We brought 15 employees into their new space and have immediately added two additional documentation specialists to its credit processing team. Blue Bridge’s employee count sits at 28 after these hires. The company plans to add more than 70 new positions over the next five years.

“The high quality Class A office space of the historic Electric Tower, combined with the job growth incentives provided by New York State, uniquely position us for continued significant growth and expansion of our equipment finance product offerings,” Gallo said. “Now that we have the office space to facilitate expansion, we are aggressively recruiting business development, credit and other financial service professionals to add to our New York team.”


Mark DeBacker
CEO

“We are excited about the addition of the South Carolina office and the opportunity to bring our company headquarters to the downtown Buffalo business corridor,” said Blue Bridge Financial CEO Mark DeBacker. “Our company is proud to be a part of the exciting economic revival which is occurring in downtown Buffalo and the contribution of our company to further regional growth within the financial services industry.”

The opening of a South Carolina presence supplements the existing Blue Bridge physical locations in Palm Harbor, Florida, San Francisco, California.

Accompanying the South Carolina office opening is the addition of equipment finance industry veteran Crystal Murcha as Assistant Vice President of Broker Relations. Crystal brings over seven years industry experience with third party origination sources, most recently with Axis Capital, Inc.


Crystal Murcha, Asst. VP
Broker Relations

Crystal Murcha added, “I am excited to join Blue Bridge and look forward to providing the same high level of customer service that I am accustomed to. My customer-centric approach is a perfect fit within the culture of Blue Bridge Financial and I look forward to continuing to build and deepen our customer relationships.”


(Left to Right, Crystal Murcha, Jenny Myers, Samantha Furtick)

Supporting Crystal in the South Carolina office are Jenny Myers and Samantha Furtick as Broker Relations Assistants.

Working in tandem with Renee Hazard, Vice President of Broker Relations in Buffalo, they will oversee the business development division with a focus on independent third party originator loan relations.


VP, Broker Region, Buffalo, New York

Renee Hazard commented, “We are excited to announce the South Carolina office opening and the addition of Crystal, Jenny and Samantha to our business development team. Crystal is well known within the equipment finance industry and has successfully led and mentored teams responsible for significant loan activity. With the expanded product offerings of Blue Bridge, Crystal and her office staff will lead us in outreach efforts to the broker community.”

 

 

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

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

 



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

Sales Makes it Happen
by Steve Chriest

Can You Guess the Best Profession?

Salespeople: Highest Return

A vendor partner we worked with a few years ago provided us with some revealing research information about the sales profession. Among working professionals, it appears that salespeople, generally, are a well-balanced, stable group.

In their work as purveyors of sales excellence, this vendor maintains a database of over 300,000 sales candidates, 100,000 business decision-makers, and 1500 sales forces. Understanding salespeople, and formulating actuarial tools that predict success in sales, is a core part of their business. Here is some of the interesting information they have discovered:

Among doctors, lawyers, athletes and salespeople, which profession would you guess has the highest average return for their investment in education? According to the Bureau of Labor Statistics, it is salespeople, not doctors, lawyers or athletes, who enjoy the highest average return for their investment in education.

Who has the highest suicide rate among dentists, psychologists, business executives, laborers and salespeople? If you guessed dentists, you would be right. With all the rejection most salespeople endure on a daily basis, you might think salespeople rank high on this list. In reality, salespeople have the lowest rate of suicide among these groups.

When comparing politicians, TV personalities, building maintenance workers and salespeople, it's salespeople who have the lowest rate of early heart or other stress related diseases. Maybe even onerous, unrealistic sales quotas aren't enough to overly stress most salespeople.

Which profession, among surgeons, entrepreneurs, writers and dentists has the highest divorce rate? For some reason that I'll let you speculate about, dentists again top this list. The sales profession is second lowest on the list, and only Catholic Priests have a lower rate of divorce!

This should all be good news for sales managers and senior managers. It should be comforting to know that most salespeople enjoy a high average return for their investment in education, do themselves in much less often that other professionals, are less likely to succumb to stress and other stress related diseases than many other professionals, and stay married longer than many groups of top professionals.

It's no wonder salespeople successfully endure constant rejection from customers, uncomplimentary skits on Saturday Night Live, and the blame for lagging sales, even when their company's product or service offering are at fault. It seems that well-adjusted, optimistic, stable people just naturally gravitate to the business of sales!

About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales improvement for organizations of all types and sizes in a variety of industries. He also has a video conference facility and is the producer of Profit  (www.openadvance.com)

You can reach Steve at schriest@openadvance.com

Sales Makes It Happen Articles:
http://www.leasingnews.org/Legacy/index.html

 

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

Leasing Industry Help Wanted
 

 

Collector, Atlanta, GA

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

Sales, Chicago, Atlanta

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

Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com

www.secondcityleasing.com
Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

 

Leasing Operations Manager
San Antonio, Texas

Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets.
Click here for full description.

Contact: Monet Pitts, HR Manager
mpitts@minercorp.com

flexxrl.com
Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

 

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm 
Please see our Job Wanted section for possible new employees.

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

“Waiver of Damages” Does Not Waive Breach of Warranty
By Tom McCurnin
 Leasing News Legal Editor 

Vendor Leases Defective Construction Equipment, But Lease Waives
Damages. Louisiana Court Holds That Waiver of Damages Does Not
Waive Right to Claim Breach of Warranty

Conmaco/Rector L.P. v. L & A Contracting Company 2013 WL 5881576 E.D.La.,2013.

Here is an interesting lease whereby a manufacturer of equipment leased the goods to the end user without going through a third party or even a captive finance company. As part of the lease terms, the manufacturer/lessor had the lessee waive damages. For reasons which were obvious to the Court, the manufacturer could not compel the lessee to waive all claims for defects (because the lessor was the manufacturer).  However, the manufacturer attempted to bootstrap its claim that the lessee waived all claims, because such claims were subsumed by the waiver of damages. The lessor failed. The facts follow.

Conmaco is a manufacturer of construction equipment in Louisiana.  Its customer was L&A Contracting, which desired to acquire a large hammer type device presumably for the purpose of driving pilings in a flood control districts. Rather than purchase the hammer directly, L&A took advantage of lease financing. The hammer quickly malfunctioned, and was sent back to Conmaco by L&A for repairs. Conmaco had the chutzpa to bill L&A for the repairs.  L&A refused to pay the invoices for the repairs and Conmaco filed suit on the invoices.  L&A counter-sued for breach of warranty.

The lease contained the following waiver of damages:

3. Lessor has made no representation of warranty of any kind, nature, or description, express or implied, with respect to the equipment, including, without limitation, the condition of the equipment, its merchantability or its fitness for any particular purpose; except that lessor warrants that it will have title to the equipment at the time of delivery thereof. As to lessor, therefore, lessee expressly agrees that it leases the equipment “as is.” Lessor shall not be liable for any damages by reason of failure of the equipment to operate or faulty operation of the equipment or system.  Lessor shall not be held responsible for any direct or consequential damages or losses resulting from the installation, operation, or use of the equipment.  No defector unfitness of the equipment shall relieve lessee of the obligation to pay rent or otherwise perform under the lease. Lessee acknowledges that the foregoing limitations of warranty have been brought to its attention by lessor and that it has read and understands the same.

Therefore, Conmaco argued that that waiver of damages bars L&A’s suit for breach of warranty, because L&A would not be able to recover any damages. 

The Court quickly disposed of the waiver of damages issue, ruling that a party to a contract may waive certain kinds of damages, if the waiver is clear and conspicuous. Here the waiver was on the front of the lease in capitalized and bold face type. Such waivers are enforceable under Louisiana law. 

But that did not dispose of the warranty issue, because L&A argued that Conmaco, as a seller and lessor, warranted that the property was fit for the normal purposes for which the equipment is generally used. 

Louisiana has not adopted Article 2A of the Uniform Commercial Code, so their counterpart is the Civil Code of 1870, which states that

“The lessor warrants the lessee that the thing is suitable for the purpose for which it was leased and that it is free of vices or defects that prevent its use for that purpose. This warranty also extends to vices or defects that arise after the delivery of the thing and are not attributable to the fault of the lessee.”

The Louisiana Court would not allow Conmaco to claim that L&A waived the defects in the equipment, stating, “The Court can find no support in Louisiana law, nor has Conmaco provided any, for the proposition that parties may avoid the warranty against vices or defects through a broad waiver of damages, thereby rendering the former superfluous.” 

Therefore, the Court held that the lessee could assert the breach of warranty claim, but that the Court would later consider whether L & A's damages were foreseeable and causally related to Conmaco's alleged breach of warranty.

Easy parallels to leasing law are difficult to construct in Louisiana, but one thing that struck me was the fact that the lessor was the manufacturer.  Using a captive finance company can provide a small fig leaf behind which the manufacturer can assert that the lease is a finance lease. 

Notwithstanding any legalities, a lessor can hide behind, avoiding legal disputes often boils down to customer service.  Here the hammer malfunctioned after only a month. The fact that Conmaco obviously delivered a defective hammer, and actually had the nerve to bill its customer for repairs, simply didn’t make sense to me.  If Conmaco enjoys civil litigation, it certainly went about attracting lawsuits in the right way. 

Conmaco Case

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


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

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

 

 

 

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

First Global Leasing Industry Competitiveness Forum
Leasing Leaders from U.S. to Attend
Tianjin, China, September 19–20, 2014

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

Organized by New Finance Union Media and People’s Government of Tianjin Municipality, Supported by Amembal & Associates

Speakers include:

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

Information on Conference, including biographies:
http://www.leasingnews.org/PDF/2014ChinaForum_7302014.pdf

 

 

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

New Lease Accounting Video

The Secret Life of Accountants
by www.LeaseAccelerator.com

 

 

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

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

Fleet Financing Resources First Half Funding Volume up 15%

Riverside, California,  – Fleet Financing Resources (FFR) announced total funded volume of $26.5 million for the first six months ending June 30, 2014, up 15% over prior year results. 

“The first six months of 2014 has been a phenomenal one for FFR,” commented Dave Reynolds, President and CEO.  “Our funding volume is at a record high and our core customer base of fleet accounts continue to return for additional growth financing and replacement cycling.  FFR’s success is a direct result of our ability to bring tailored structuring, competitive pricing and value added services.”

Funding highlights for the first half of 2014 includes:

  • $1.5 million debt financing | (3) new motor coaches | Los Angeles, CA
  • $920,000 TRAC lease | (5) new motor coaches & shuttle buses | Houston, TX
  • $680,000 in debt refinancing | (26) trailers & trucks | Commerce, CA
  • $413,000 in debt financing | (3) new school buses | Rancho Cucamonga, CA
  • $221,000 in debt financing | (5) new shuttle buses & executive cars | Washington D.C.

 

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


 

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

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

Insurance.com survey finds Americans are open to,
even eager for, cars that drive themselves.

(Foster City, CA) – Results of a new survey from Insurance.com, the car insurance comparison-shopping website, find most Americans are comfortable with the idea of cars that can drive themselves.

More than three-quarters of 2,000 licensed drivers surveyed said they would be very likely to buy or at least consider buying a car with autonomous capabilities. When the possibility of much cheaper car insurance as a result of improved safety was introduced, consideration rose to 86 percent.


Des Toups
Senior managing editor
Insurance.com at QuinStreet

“People are aware that they already drive cars controlled partly by computers,” said Insurance.com Managing Editor Des Toups. “Now they see features like collision avoidance on new models and hear about Google cars hitting the roads in a couple of years. An autonomous car is not science fiction anymore.”

Only 24.5 percent said they would never consider an autonomous car – and even that figure dropped to 13.7 percent if they could get cheaper car insurance.

Nearly a third of respondents – 31.7 percent -- said they would not continue to drive once an autonomous car was available instead.

“Spend time in traffic anywhere and it’s clear many people would rather be doing something else,” Toups said.

Yet the trust in technology is not solid, the survey found. Seventy-six percent of respondents said they would not trust a driverless car to take their children to school, and 61 percent said they believe a computer is incapable of the same decision-making behind the wheel that a human is.

Given a choice between hitting a pedestrian and hitting another vehicle head-on, for example, 79 percent of drivers said they would want their autonomous car programmed to hit the other vehicle.

“We still don’t know how autonomous cars will communicate, who’ll be liable for failures, or how they’ll mix with old-fashioned cars,” Toups said. “But we’re already well down this road.”

Drivers agree. Seventy-three percent said they don’t think the cars of model year 2040 will operate in ways familiar to the drivers of 2014.

For complete survey results see http://www.insurance.com/auto-insurance/claims/autonomous-cars-self-driving.html

Methodology
Insurance.com commissioned an online-panel survey of 2,000 licensed adult drivers, half men and half women, in June 2014.

About Insurance.com
Insurance.com, based in Foster City, Calif., is an online resource where consumers can compare side-by-side, real-time auto insurance quotes from multiple insurance carriers.  Since its inception in 2001, Insurance.com has delivered nearly 11 million quotes to consumers – who, in less than 10 minutes, fill out one form and save an average of $540 annually – making it one of the largest independent insurance marketplaces in the U.S.  Participants include some of the biggest names in auto insurance, including Progressive, Esurance, The Hartford, Travelers and 21st Century.  Experts from Insurance.com are available for interviews on all issues pertaining to auto insurance.
Twitter: @InsuranceDotCom

About QuinStreet Inc.
Insurance.com is owned and operated by QuinStreet Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world.  QuinStreet is committed to providing consumers and businesses with information they need to research, find and select the products, services and brands that best meet their needs.

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

 


[headlines]
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Labrador Retriever
Burlingame, California  Adopt-a-Dog



Wilson
A564124
Available for Adoption
Yellow
Good with Dogs
Good with Kids
Up-to-date with Vaccines

"Hello there, my name is Wilson. I'm a 1 year old neutered male Labrador Retriever weighing in at just over 54 pounds. I'm a great dog who already knows some basic commands (like "sit") and I also love fetching toys and going for walks. The volunteers have noted that I'm a great walking buddy who is interested in people and dogs that I see but not reactive to them at all. I get along fine with other dogs but am unsure about cats. Since I'm pretty easy-going, first time adopters would be swell, and I'd have a great time playing with kids of all ages. Labs get adopted from the shelter pretty fast, so don't delay - come ask for Wilson, #A564124."

Center for Compassion Hours

11 am to 7 pm on weekdays and 11 am to 6 pm on weekends; closed major holidays. We ask potential adopters to arrive at least an hour before closing to compete an adoption.

It is often not possible for our staff to complete adoptions when visitors arrive less than an hour before we close (7 pm on weekdays and 6 pm on weekends). Please note this and arrive at least an hour before our closing time if you think you might be adopting a pet.

Please visit our new Tom and Annette Lantos Center for Compassion, located at 1450 Rollins Rd., Burlingame (x street Edwards Ct.). Hours are M-F, 11 am to 7 pm and 11 am to 6 pm on weekends.

Peninsula Humane Society
Phone 650.340.7022


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

 

[headlines]
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Operations/Remarketing/Repossessions
Classified ads—

Leasing Industry Outsourcing
(Providing Services and Products)

Operations: Houston, TX
Silverlake Inspections LLC is an independent contracting company for real estate and equipment verification with pictures. 
Email: jimh05@sbcglobal.net 
    
Operations: Portland , OR
Portfolio Financial Servicing Company provides state of the art portfolio servicing for portfolios of all sizes. 800-547-4905
sales@pfsc.com
Operations: Roseburg, OR 
Tired of paying a full time documentation person? Try outsourcing. Ideal for anywhere in the USA. E-mail or Call Trina Drury
541-673-4116 or 541-784-7973.
email: doc_prep@yahoo.com 
     
Repossessions: Southern California (except San Diego).
Full service repossession agency. All vehicles, big rigs, boats, heavy equipment and machinery. Licensed and insured 818-786-7376. www.simonsrecovery.com. adam@simonsrecovery.com
Repossessions: Canada 
Cease Bailiff Services Incorporated:
Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security
Asset Liquidations/Sales; Ottawa, Canada
www.ceasebailiff.ca
dave@ceasebailiff.ca
Phone613 898 7376
Fax 613 225 2452

Remarketing: Los Angeles, CA
Video, Audio, Film, Computer, IT, Test, Presentation Equipment
We pay cash / 3 million in buying power /Quick Quotes
UBG 800-570-5224 
jon@usedvideo.org

Repossession/Remarketing: 
Portsmouth, NH
Six Sigma Processes. Unique Approach. Pride. Professionalism. Skip tracing, legal, storage, logistics. lowest cost, industry leading recovery rates/amounts. 855.EENGINE
lendersolutions.equipmentengine
Repossessions:
Melville, New York
Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast!
Ed Castagna 516-229-1968
ecastagna@inplaceauction.com
Repossession:
South East US- AllState Asset Management 
Recovery, remarketing, inspections. 25 years experience, dedicated to deliver, prompt, professional services. 
Call Brian @ 704-671-2376
Email

Repossessions:
All kinds of vehicles, equipment and machinery. Anywhere in the United States. Anything, Anywhere, Professionally 
800-755-1968 
Rayc@american-locators.com

Repossessions/Remarketing
Bulldog Asset Management provides recovery and remarketing services with a difference. Contingent repos, free storage and industry experts to remarket. Email:Jamie@bulldogasset.com
www.bulldogasset.com

Repossessions: Florida
Commercial Asset Solutions, Florida repossessions and skip tracing. We have been repossessing assets longer than anyone with the highest rate of return. We do not outsource your problems, we solve them ourselves. 30 years solving problems for the top commercial lenders. Our reputation is second to no one! 
Mark Lacek 407-948-7087

Repossession/Remarketing
San Francisco Bay Area
SFBAAM, LLC:  20 years’ experience in equipment FMV's, Repossessions, Lease Returns & Remarketing.  We handle Copiers, Test Eq., Networking, IT, Medical, Industrial.  No Repossession pick-up fees in the Bay Area.  Over 50 million in assets remarketed.  We are in compliance w/ the major banks.  
zack@sfbaam.com
 

 

All "Outsourcing" Classified ads (advertisers are both requested
and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

 


• Contract Negotiations • Fraud Investigations 
• Credit Investigations • Skip-tracing 
• Third-party Commercial Collections
John Kenny 
Receivables Management

For flat fee or commissions basis 

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


(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)


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

  


News Briefs----

Cable Broadband Surpassing Video
http://www.lightreading.com/services/broadband-services/cable-broadband-surpassing-video-moodys/d/d-id/710131?

Banks handing out record number of million-dollar mortgages
http://www.newsday.com/classifieds/real-estate/banks-handing-out-record-number-of-million-dollar-mortgages-1.8916240

Deutsche Bank Revenue From Debt Trading Beats U.S. Peers
http://www.bloomberg.com/news/2014-07-29/deutsche-bank-profit-falls-29-on-higher-tax-payments.html 

Zillow to acquire rival Trulia for $3.5 billion
http://www.upi.com/Business_News/2014/07/28/Zillow-to-acquire-rival-Trulia-for-35-billion/4881406552556/?spt=sec&or=bn

UCLA, Sunset Boulevard flooded by water main break (photos)
http://photos.dailynews.com/2014/07/photos-ucla-sunset-blvd-flooded-by-water-main-break
http://www.latimes.com/local/lanow/la-me-ln-flooding-on-sunset-near-ucla-20140729-story.html

 

Leasing Operations Manager
San Antonio, Texas

Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets.
Click here for full description.

Contact: Monet Pitts, HR Manager
mpitts@minercorp.com

flexxrl.com
Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

 


[headlines]

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



--You May Have Missed It

McDonald's loses big on labor ruling
http://fortune.com/2014/07/29/mcdonalds-worker-rights-wages-nlrb/



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

SparkPeople--Live Healthier and Longer



Calorie Counter & Weight Loss App
http://www.sparkpeople.com/app/calorie-counter.asp


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

Baseball Poem

Old Timer's Day, Fenway Park, 1 May 1982

Donald Hall, U.S. Poet Laureate

When the tall puffy
figure wearing number
nine starts
late for the fly ball,
laboring forward
like a lame truckhorse
startled by a garter snake,
– this old fellow
whose body we remember
as sleek and nervous
as a filly's –

and barely catches it
in his glove's
tip, we rise
and applaud weeping:
On a green field
we observe the ruin
of even the bravest
body, as Odysseus
wept to glimpse
among the shades the shadow
of Achilles

Fathers Playing Catch with Sons
http://www.amazon.com/exec/obidos/ASIN/0865471681/poetsorg-20/
002-5217827-1679236?creative=327641&camp=14573&adid=08JM7ZJ
ZFGQ1Q258X4D7&link_code=as1

http://www.amazon.com/gp/product/061853721X/002-5217827-16792
36?v=glance&n=283155

About the new US Poet Laureate Donald Hall, avid Boston Red Sox fan.
http://www.nytimes.com/2006/06/14/books/14poet.html?hp&ex=11503
44000&en=1aca3b325c00a10b&ei=5094&partner=homepage



[headlines]

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


Sports Briefs----

Raiders' Mark Davis confirms meeting with San Antonio officials
http://www.contracostatimes.com/news/ci_26238794/raiders-mark-davis-confirms-meeting-san-antonio-officials

A’s stadium deal spurs uncertainty
http://www.pressdemocrat.com/sports/2445687-181/lowell-cohn-as-stadium-deal

Lakers announce Byron Scott as their new head coach
http://photos.mercurynews.com/2014/07/29/photos-lakers-announce-byron-scott-as-their-new-head-coach/#1

Donald Sterling loses preliminary ruling; Clippers sale on?
http://www.usatoday.com/story/sports/nba/2014/07/28/donald-sterling-trust-fight-steve-ballmer-los-angeles-clippers-sale/13288099/

Around Seattle, Ballmer’s Other Title Is Superfan
http://www.nytimes.com/2014/05/31/sports/basketball/around-seattle-ballmers-other-title-is-superfan.html?


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


California Nuts Briefs---

New statewide water waste prohibitions take effect today
http://www.sacbee.com/2014/07/29/6591112/new-statewide-water-waste-prohibitions.html

PG&E accused of obstructing justice in San Bruno case
http://www.sfgate.com/bayarea/article/PG-amp-E-accused-of-obstructing-justice-in-San-5655355.php



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



“Gimme that Wine”

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

Battle for Poor Shoppers Fuels Dollar-Store Deal
http://online.wsj.com/articles/dollar-tree-to-buy-family-dollar-for-74-50-a-share-1406542575

Wine auctioneer charged with grand theft
http://napavalleyregister.com/news/local/wine-auctioneer-charged-with-grand-theft/article_a07edad9-95de-542f-be88-3c98f4d53808.html

Trinchero Family Estates Announces the Passing of Vera Trinchero Torres
http://www.winebusiness.com/news/?go=getArticle&cms_perview
&dataId=136308

Major Wine companies should not pin their futures on China, Warns Krug Chief
http://www.harpers.co.uk/major-wine-companies-should-not-pin-their-futures-on-china-warns-krug-chief/369919.article


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

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

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

Winery Atlas
http://www.carterhouse.com/atlas/\

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


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

This Day in History

      1608 - At Ticonderoga, now Crown Point, NY, Samuel deChamplain shoots and kills two Iroquois chiefs. This was to set the tone for French-Iroquois relations for the next one hundred years.
     1619 - The first representative assembly in America the House of Burgesses, became the first legislative assembly in America when it convened at Jamestown, Va. Composed of the governor and 21 other members, 17 of whom were elected by the land-owning males, this body enacted laws for the colony. Among these would be rules regulating the militia, from its arming and training to who could serve. For instance, slaves and indentured servants were forbidden to bear arms but “free negroes” were expected to serve and, like their white counterparts, even furnish their own weapons.
    1715 - Spanish gold & silver fleet disappears off St Lucie, Florida
    1729 - The city of Baltimore was founded.
    1733 - Society of Freemasons opens first American lodge in Boston
http://www.glmasons-mass.org/ 
    1739 - Caspar Wistar begins glass manufacturing in Allowaystown, NJ
    1836 - First English language newspaper published in Hawaii
    1839 - Slave rebels took over the slave ship Amistad
    1851 - Gail Borden of Norwich, NY, obtained a patent on a “preparation of portable soup bread.” He called it a “meat biscuit” as he baked flat, brittle cakes from concentrated meat extract combined with vegetable flour or meal.  To make soup, the consumer added hot water and seasoning to the biscuit. He developed this in Texas, moved to New York and obtained a patent. It was a failure. He then tried his hand a producing condensed milk, and his company floundered, with two plants in Connecticut going broke. At the outbreak of the Civil War, where condensed milk was needed in great supply, he found success, and is recognized today as the founder of the Borden Company. After the Civil War, he moved back to Texas and founded the City of Borden, Borden County, Texas. . http://www.foodreference.com/html/whoswho_8.html http://www.famoustexans.com/GailBorden.htm 
http://www.norfacad.pvt.k12.va.us/project2000/bordeng/index.htm 
http://www.southeastmuseum.org/SE_Tour99/
SE_Tour/html/borden_s_milk.htm 
    1857 – Thorstein Veblen, American economist and sociologist is born in Cato, WI.  Veblen is famous for combining a Darwinian evolutionary perspective with his new institutionalist approach to economic analysis.  In his masterpiece, “The Theory of the Leisure Class,” he argued that there was a fundamental split in society between those who make their way via exploit and those who make their way via industry. as society matures it is the difference between the landed gentry and the indentured servant. The titular manifestation of those with the power of exploit is the "leisure class" which is defined by its lack of productive economic activity and its commitment to demonstrations of idleness. As Veblen describes it, as societies mature, conspicuous leisure gives way to "conspicuous consumption", but both are performed for the sole purpose of making the demonstration of wealth, the basis for social status.  Veblen was sympathetic to state ownership of industry, but he had a low opinion of workers] and the labor movement and there is disagreement about the extent to which his views are compatible with Marxism, socialism, and communism. Veblen saw socialism as one intermediate phase in an ongoing evolutionary process in society that would be brought about by the natural decay of the business enterprise system and by the inventiveness of engineers.
    1863 - Industrialist Henry Ford, whose assembly-line method of automobile production revolutionized the industry, was born at Wayne County, MI, on the family farm. His Model T made up half of the world's output of cars during its years of production. Ford built racing cars until, in 1903, he and his partners formed the Ford Motor Company. In 1908, the company presented the Model T, which was produced until 1927, and in 1913 Ford introduced the assembly line and mass production. This innovation reduced the time it took to build each car from 12-1/2 hours to only 1-1/2. This enabled Ford to sell cars for $500, making automobile ownership a possibility for an unprecedented percentage to the population. He is also remembered for introducing a $5-a-day wage for automotive workers and for his statement: “History is bunk.” He lowered the workday to eight hours, gave paid vacation, and benefits; way ahead of his time. Died Apr 7, 1947 at age 63 at Dearborn, Ml, where his manufacturing complex was located.
http://memory.loc.gov/ammem/today/jul30.html 
    1863 - Pres. Lincoln issued his "eye-for-eye" order to shoot a rebel prisoner for every black prisoner shot.
    1863 - The Shoshone chief Pocatello signs the Treaty of Box Elder, bringing peace to the emigrant trails of southern Idaho and northern Utah. 
    1864 - Petersburg Campaign- http://www.civilwar.com/va28.htm 
Grant's writings on Petersburg and the Crater:  “The effort was a stupendous failure. It cost us about four thousand men, mostly, however, captured; and all due to inefficiency on the part of the corps commander [Burnside] and the incompetence of the division commander [Ledlie] who was sent to lead the assault.” http://saints.css.edu/mkelsey/Crater.html Battle of the Crater. With the desperate situation in the crater, the racism of white Union soldiers became blatant. Knowing that the Confederates would give no quarter to black troops if taken prisoner, white soldiers feared that they would suffer the same if caught with black soldiers. They thus began to bayonet their own comrades in arms. By 2 PM, Confederate forces, who had been told that the black troops holding the crater had fought with the battle cry, "No quarter for rebels!" began their final assault on the crater. Many black soldiers who tried to surrender were killed by the Confederates. Union officers, in fear of "rebel vengeance," ripped off their unit insignias. Out of the 180 black prisoners taken, only seven survived the prison camps. The numbers are staggering. Union casualties totaled 3,475. Of the 4500 blacks that fought, 1327 were killed or wounded. More casualties came from the black division than from any of the white divisions, even though the white divisions had been fighting for an hour and a half prior to the entry of the colored troops 
http://home.nycap.rr.com/civilwar/usctblakely.htm 
    1865 – The steamboat, “Brother Jonathan” sinks off the coast of California, killing 225 passengers, the deadliest shipwreck on the Pacific Coast of the U.S. at the time.
    1869 - The Charles, considered the world’s first "oil tanker", departs from the United States headed for Europe with a bulk capacity of 7,000 barrels of oil.
    1890 - Birthday of Charles Dillon “Casey” Stengel, outfielder and Baseball Hall of Fame manager born at Kansas City , MO. Stengel played the outfield for several teams and earned a reputation for goofiness. He carried this over into his career as a manager, but his success with the New York Yankees (ten pennants and seven World Series titles in 12 years) made him one of the game's greatest managers.  Inducted into the Hall of Fame in 1966.  Died at Glendale, CA, September, 29, 1975.
   1898 - Will Kellogg invents Corn Flakes
   1903 - Birthday of alto player Hilton Jefferson, born Danbury, CT.
http://www.harlem.org/oldsite/people/jefferson.html  http://shopping.yahoo.com/shop?d=product&id=1927072751
&clink=dmmu.artist&a=b
   1903 - Birthday of guitarist/songwriter George “Buddy” Guy, Lettsworth , LA 
http://www.blueflamecafe.com/index.html 
http://shopping.yahoo.com/shop?d=product&id=192700029
4&clink=dmmu.artist&a=b 
    1909 - US Army accepts delivery of first military airplane.
    1922 – Birthday of Henry Block, in Kansas City, MO, co-founder of H & R Block.
    1928 - Birthday of drummer Vernal Fournier, New Orleans, LA. Died November 4, 2000. http://www.drummerworld.com/drummers5/Vernel_Fournier.html http://www.drumplace.com/BB007.html 
    1928 – Joe Nuxhall, former major league pitcher, was born in Hamilton, OH.  In addition to his 40 years of broadcasting Reds games, Nuxhall is most remembered for having been the youngest player ever to appear in a major league game, pitching 2/3 of an inning for the Reds on June 10, 1944 at the age of 15 years, 316 days.
    1932 - The Olympic Games opened in Los Angeles, CA. The Games would revisit Los Angeles -- and the same venues of the Los Angeles Coliseum, the Rose Bowl, -- in 1984. (Lower half of:http://memory.loc.gov/ammem/today/jul30.html 
    1932 - Premiere of Walt Disney’s “Flowers and Trees”, the first cartoon short to use Technicolor and the first Academy Award- winning cartoon short.
    1933 - Birthday of actor-singer Edd Byrnes, famous for his 1959 duet with Connie Stevens, "Kookie, Kookie, Lend Me Your Comb", born in New York. Byrnes and Stevens both starred in the hit TV series "77 Sunset Strip." "Kookie" was the name of the character Byrnes played. (My father Lawrence Menkin was story editor, plus wrote several of the episodes). 
http://www.hollywood.com/celebs/detail/celeb/199456 
http://biography.com/cgi-bin/frameit.cgi?p=http%3A//biography.com/magazine/biomag/ebyrnes.html http://www.tvtome.com/tvtome/servlet/PersonDetail/personid-13798 
    1934 – Retiring MLB Commissioner Allan “Bud” Selig was born in Milwaukee.  Selig was previously the team owner and team president of the Milwaukee Brewers. As a Milwaukee native, he is credited for keeping baseball in Milwaukee. In 1970, he purchased the Seattle Pilots in bankruptcy court and renamed them the Milwaukee Brewers after the minor league team of the same name he had watched in his youth, which existed until the arrival of the Braves in Milwaukee in 1952. The Braves departed for Atlanta in 1966.   Selig has served as Commissioner since 1992 as the acting commissioner, and as the official commissioner since 1998.   Selig oversaw baseball through the 1994 strike that included the cancellation of the World Series, the introduction of the wild card, interleague play, and the merging of the National and American Leagues under the Office of the Commissioner. Selig also introduced revenue sharing.   He is credited for the financial turnaround of baseball during his tenure with a 400 percent increase in the revenue of MLB and annual record breaking attendance.
    1937 - Birthday of sax player James Spaulding, Indianapolis, IN. 
http://shopping.yahoo.com/shop?d=product&id=
1927006436&clink=dmmu.artist&a=b 
    1937 - The American Federation of Radio Artists (AFRA) was organized. It was part of the American Federation of Labor. The union was for all radio performers except musicians. The union later became The American Federation of Television and Radio Artists (AFTRA) to include TV performers. 
    1941 - Birthday of singer/songwriter Paul Anka, Ontario, Canada. He began his career as a teen singing idol in the late 1950's, but unlike most teen idols, he wrote a lot of his own material. "Diana," his first single for ABC-Paramount in 1957, became one of the most successful records in pop music history, hitting number one on the Billboard chart and selling more than five-million copies.  Anka's audience at the time consisted mainly of screaming teenage girls, and he was as popular in Europe as in North America. His other hits included "Lonely Boy," "Puppy Love" and "Put Your Head on My Shoulder." When Anka's recording career waned with the coming of the Beatles, he turned to songwriting. Among his many credits are "My Way" for Frank Sinatra, "She's a Lady" for Tom Jones and the theme for Johnny Carson's "Tonight Show." Anka's popularity as a singer rose again at the beginning of the 1970's. His controversial duet with Odia Coates, "You're Having My Baby," went to number one in 1974. http://www.paulanka.com/ 
    1942 - Frank Sinatra recorded the last of 90 recordings with the Tommy Dorsey Orchestra on Victor Records. His last side was "There are Such Things", which became number one in January of 1943. Sinatra moved on to Columbia Records (1943-1952) as a solo singing sensation.
    1942 - Benny Goodman Band records Mel Powell's “Mission to Moscow.
    1942- German SS kills 25,000 Jews in Minsk, Belorussia 
http://motlc.wiesenthal.com/text/x15/xr1561.html 
    1942 - The WAVES were created by legislation signed by U.S. President Franklin D. Roosevelt. The members of the Women's Auxiliary Voluntary Emergency Service were a part of the U.S. Navy.
    1942 - The US passenger-freighter Robert E. Lee with 268 passengers was sunk by the German U-166 submarine. 15 crew members and 10 passengers died. In 2001 wreckage of the U-166 was found in the Gulf of Mexico and it appeared that it was sunk by Coast Guard PC-566 right after the attack. U-166 had 52 crew members.
    1944 - OZBOURN, JOSEPH WILLIAM Medal of Honor
Rank and organization: Private, U.S. Marine Corps. Born: 24 October 1919, Herrin, Ill. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty as a Browning Automatic Rifleman serving with the 1st Battalion, 23d Marines, 4th Marine Division, during the battle for enemy Japanese-held Tinian Island, Marianas Islands, 30 July 1944. As a member of a platoon assigned the mission of clearing the remaining Japanese troops from dugouts and pillboxes along a tree line, Pvt. Ozbourn, flanked by 2 men on either side, was moving forward to throw an armed hand grenade into a dugout when a terrific blast from the entrance severely wounded the 4 men and himself. Unable to throw the grenade into the dugout and with no place to hurl it without endangering the other men, Pvt. Ozbourn unhesitatingly grasped it close to his body and fell upon it, sacrificing his own life to absorb the full impact of the explosion, but saving his comrades. His great personal valor and unwavering loyalty reflect the highest credit upon Pvt. Ozbourn and the U.S. Naval Service. He gallantly gave his life for his country.
    1945 – USS Indianapolis was sunk by a Japanese submarine, killing 833 men, the greatest single loss of life at sea in the history of the U.S. Navy. After delivering parts and enriched uranium for the atomic bomb to the United States air base at Tinian, the ship was torpedoed, sinking in 12 minutes. Of 1,196 crewmen aboard, approximately 300 went down with the ship.  The remaining 900 faced exposure, dehydration, saltwater poisoning and sharks while floating with few lifeboats and almost no food or water. The Navy learned of the sinking when survivors were spotted four days later by a routine patrol. Only 317 survived.
     1945 – Birthday of David Sanborn, Tampa , FL. http://www.allmusic.com/cg/amg.dll?p=amg&sql=B8q3tk65x9kra 
http://www.amazon.com/exec/obidos/external-search/103-23589206763062?tag=drjohnholleman&
keyword=david+sanborn&mode=music 
    1945 - Duke Ellington records his son Mercer's “ Things Ain't What They Used to Be.”
    1947 - Top Hits 
“Peg o' My Heart” - The Harmonicats 
“I Wonder, I Wonder, I Wonder” - Eddy Howard 
“Chi-Baba, Chi-Baba” - Perry Como 
“Smoke! Smoke! Smoke! (That Cigarette)” - Tex Williams 
    1949 - The state record for Connecticut was established when the town of Greenville registered an afternoon high of 102 degrees. 
    1953 - Although books bound in soft covers were first introduced in 1841 at Leipzig, Germany, by Christian Bernhard Tauchnitz, the modern paperback revolution dates to the publication of the first Penguin paperback by Sir Allen Lane at London in 1935. Penguin Number 1 was “Ariel, a Life of Shelley” by Andre Maurois. 
    1954 -  Elvis Presley makes his first official concert appearance as a solo act, opening for Slim Whitman at Memphis' Overton Park Shell outdoor auditorium, billed third as "Ellis Presley" and performing "That's All Right, Mama," "Blue Moon Of Kentucky," and "I'll Never Let You Go (Little Darlin')." In the middle of the first song, a badly stage-frightened Elvis unconsciously begins to duplicate a move he usually made in the studio, shaking his leg in time with the music. The crowd of (mostly) girls goes absolutely wild, confusing Elvis and his band. "That's All Right," made several weeks earlier, was on its way to becoming a hit in the Memphis Area.
    1955 - Top Hits 
“Rock Around the Clock” - Bill Haley & His Comets 
“Hard to Get” - Giselle Mackenzie 
“Sweet and Gentle” - Alan Dale 
“I Don't Care” - Webb Pierce 
    1963 - Birthday of Christopher Paul “Chris” Mullin, basketball player, born New York , NY . 
    1956 - Singer Brenda Lee recorded her first hit for Decca Records. "Jambalaya" and "Bigelow 6-500" and started a new career for the petite 11-year-old from Lithonia, GA (near Atlanta). Brenda Mae Tarpley (Brenda Lee) had been singing professionally since age six. She recorded 29 hit songs in the 1960s and became a successful country singer in 1971. Brenda Lee had a pair of number one tunes with "I'm Sorry" and "I Want to be Wanted". She recorded a dozen hits that made it to the top 10. 
    1956 - The phrase “In God We Trust” was adopted as the U.S. national motto. 
    1959 - Willie McCovey stepped to the plate for the first time in his major-league baseball career. McCovey of the San Francisco Giants batted 4-for-4 in his debut against Robin Roberts of the Philadelphia Phillies. He hit two singles and two triples, driving in two runs. It was the start of an all-star career that landed McCovey in baseball's Hall of Fame in Cooperstown, NY. 
    1963 - Top Hits 
“Surf City” - Jan & Dean 
“So Much in Love” - The Tymes 
“Fingertips - Pt 2” - Little Stevie Wonder 
“Ring of Fire” - Johnny Cash 
    1965 - The temperature at Portland, OR, reached 107 degrees to equal their all-time record high. 
    1965 - The health insurance plans Medicare and Medicaid were enacted by Congress as part of the federal Social Security system, to help pay the cost of medical care for people aged 65 and over. The Social Security Fund was established with the passage of the Social Security act during the FDR Administration with two significant conditions:  The Fund was to be funded and maintained separately from the US General Treasury and disbursements to eligible retirees would be free of taxation.  This Social Security Act of 1965 placed all Social Security funds within the US General Treasury and provided the at benefits would be taxed going forward as regular income.  Payments are made from a fund made up of mandatory contributions from employers, employees, and the self-employed as well as contributions from the general revenue of the federal government. The first payments were made on July 1, 1966. The first payments for skilled nursing facilities, made under the extended care benefit provision of the statute, were made on January 2, 1967. The first Medicare identification cards were presented to former President Harry S. Truman and his wife, Bess Wallace Truman, by President Lyndon Baines Johnson at the Truman Library, Independence, MO, on January 20, 1966. 
    1967 -Race riot in Milwaukee (4 killed)
http://www.uwm.edu/Dept/Library/arch/curguide/HMtextr.html 
    1968 - Ron Hansen of the Washington Senators made the first unassisted triple play in the major leagues in 41 years. The shortstop speared a line drive by Joe Azcue, doubled up the runner at second by stepping on the bag and then tagged out the runner who was moving in from first base. The Senators still lost the game to Cleveland by a score of 10-1. 
    1969 - Braves' catcher Bob Tillman hits three consecutive home runs. 
    1969 - The Beatles, producer George Martin, and the Abbey Road engineers assemble the first rough cut of the proposed Abbey Road medley. Paul McCartney, feeling that the song "Her Majesty" distracts from the flow of the medley, has it removed and orders it erased. Second engineer John Kurlander, not wanting to destroy a Beatles song, instead appends it to the end of the medley tape, adding 15 seconds of leader to make sure it's kept separate. When he finds out, Paul likes the effect so much that he leaves the ending of the album just that way
    1969 - Barbra Streisand opens for Liberace at International Hotel, Las Vegas
    1971 - Top Hits 
“Indian Reservation” - Raiders 
“You've Got a Friend” - James Taylor 
“Mr. Big Stuff” - Jean Knight 
“I'm Just Me” - Charley Pride 
    1971 – Apollo 15:  David Scott and James Irwin on the Apollo Lunar module Falcon land on the Moon with the first Lunar Rover.
    1974 - Three articles of impeachment were voted against President Richard Nixon by the House Judiciary Committee: for blocking the investigation of the Watergate affair, for abuse of presidential powers, and for hindering the impeachment process by not complying with the committee's subpoena for taped White House conversations. 
    1975 - Former Teamsters Union leader, 62-year-old James Riddle Hoffa was last seen on this date outside Machus Red Fox restaurant in Bloomfield Township, near Detroit, MI. His 13-year federal prison sentence had been commuted by President Richard M. Nixon in 1971. On Dec 8, 1982, seven years and 131 days after his disappearance, an Oakland County judge declared Hoffa officially dead as of July 30, 1982. From 1935 to 1971, he had held positions of president of the Detroit local, vice president of the Teamsters union, and president of the International Brotherhood of Teamsters. Hoffa was accused of corruption on various occasions and convicted of mail fraud and mishandling funds in 1964. He was imprisoned from 1967 to 1971. Despite one of the most intensive FBI investigations in history, Hoffa's disappearance remains a mystery. Federal investigators believe that mob bosses killed Hoffa because he wanted to recapture the union presidency he lost when he went to prison. Blocked by the courts and top union officials from running for the presidency, Hoffa had threatened to go public with the mob's involvement in the Teamsters, and how various organized crime figures had taken millions of dollars in unsecured loans from the union's pension funds. Hoffa's daughter, Barbara Crancer, a circuit court judge in St. Louis, sued the federal government in 1987, demanding that the investigative files in the Hoffa case be made public. But the U.S. Justice Department successfully blocked access to the reports, claiming that opening them would divulge informants and investigative techniques the government must keep confidential. Thirteen years later, this date in 1995, Jimmy Hoffa's son and daughter finally put their father to rest. The memorial service was held in Detroit, exactly 20 years after the Jimmy Hoffa disappeared. 
    1979 - A forty-minute hailstorm bombed Fort Collins, CO, with baseball to softball size hail. Two thousand homes and 2500 automobiles were damaged, and about 25 persons were injured, mainly when hit on the head by the huge stones. A three month old baby died later of injuries.
    1979 - Top Hits 
“Bad Girls” - Donna Summer 
“Good Times” - Chic 
“Gold” - John Stewart 
“You're the Only One” - Dolly Parton 
    1984 - Reggie Jackson hit the 494th home run of his career, passing the Yankees' Lou Gehrig and taking over 13th place on the all-time home run list. Larry Sorenson was the victim who gave up Reggie's milestone homer. 
    1985 - Gerry Cooney retired from professional boxing. Cooney had only one loss in a championship match with Larry Holmes (boxing's biggest money-making fight to that time). Cooney had a record of 27 wins against the 1 loss and 24 knockouts.
http://www.secondsout.com/legends/legends_39266.asp 
    1986 - The show business newspaper Variety reported that RCA dropped singer John Denver from its roster after the release of his single, "What Are We Making Weapons For." Variety said the record upset the record company's new owner, General Electric, one of the largest defense contractors in the US. GE sold RCA two months later. 
    1987 - Top Hits 
“Alone” - Heart 
“Shakedown” - Bob Seger 
“I Still Haven't Found What I'm Looking For” - U2 
“The Weekend” - Steve Wariner 
    1987- Def Leppard's "Hysteria" was released. The album spawned six hit singles, and sold more than one-million copies in Canada alone. Worldwide sales totaled more than 11-million. 
http://www.defleppard.com/ 
    1987 - NBC's "L.A. Law" was nominated for 20 Emmy Awards, one shy of the record for nominations. "Hill Street Blues" was the record holder (in the 1981-1982 season). "L.A. Law" had only been on the air a year when it earned four out of the 20 Emmys. http://us.imdb.com/Title?0090466 
    1987 - Afternoon highs of 105 degrees at Aberdeen SD, 102 degrees at Bismarck, ND, and 102 degrees at Pueblo, CO, were records for the date. Pueblo, CO, reported just .09 inch of rain for the first thirty days of the month. 
    1988 - Former member of The Spencer Davis Group and Traffic, Steve Winwood had the number 1 song in the US this week with "Roll With It". It stayed at the top for four weeks, making it the number one song of the year. In the UK however, the record stalled at #53. Winwood's next release, "Don't You Know What the Night Can Do?" also made it into the US Top Ten, while the following singles, "Holding On" and "One and Only Man" cracked The Top Twenty.
    1988 - A dozen cities in the north central and northeastern U.S. reported record high temperatures for the date. Downtown Baltimore, MD, hit 103 degrees, marking a record eight days of 100 degree heat for the month, and ten for the year. The high of 101 degrees at Billings, MT, marked a record seventeen days of 100 degree heat for the year. Thunderstorms produced severe weather in the northeast, with nearly fifty reports of large hail or damaging winds in Pennsylvania and New York State. A tree fell on a car at Erie, PA, injuring four persons.
    1990 – New York Yankees principal owner George Steinbrenner is forced by MLB Commissioner Faye Vincent to resign for hiring Howie Spira to “get dirt” on star outfielder Dave Winfield.
    1990 - 5 Bank of Credit & Commerce members found guilty of money laundering. 
http://www.apfn.org/apfn/BCCI.htm 
    1997 - San Francisco 49ers quarterback Steve Young signed a 6-year contract extension worth $45 million, making him one of the NFL's highest-paid    http://www.infoplease.com/ipsa/A0109769.html 
    1998 - A world-record Powerball jackpot of $295.7 million was won by a group of 13 machinists who worked together in Westerville, Ohio. The group chose the cash option, and received a lump-sum payment of $161.5 million dollars. 
    1999 - Richard Gere (Ike Graham) and Julia Roberts (Maggie Carpenter) star in "Runaway Bride", which opened this day. The romantic comedy scored big with movie crowds, doing $35.06 million during its first weekend.
    1999 - United Airlines agreed to offer domestic-partner benefits to employees and retirees worldwide following a 2-year legal struggle against the SF domestic-partners law.
    2003 - In order to prove that the city is still safe to visit after a recent SARS outbreak, Toronto, Canada puts on the largest concert in the country's history, a massive open-air extravaganza featuring The Rolling Stones, The Guess Who, Rush, The Isley Brothers, The Flaming Lips and Justin Timberlake, among others. Total attendance is somewhere around 450,000
   2006 - Eighteen individuals, the largest number ever selected, are inducted into the Baseball Hall of Fame. The group consists of 17 persons, including the first woman to enter the Hall, who had participated in the pre-Negro Leagues or Negro Leagues and Bruce Sutter, the fourth reliever to be enshrined in Cooperstown.
http://mlb.mlb.com/news/article.jsp?ymd=20060730&content_id=1583812&
vkey=news_mlb&fext=.jsp&c_id=mlb
    2007 - In front of a record crowd of an estimated 75,000 fans and unprecedented number of 53 members of the Hall of Famers, Cal Ripken and Tony Gwynn are inducted into the shrine at Cooperstown. Joining the ballplayers on the dais are Denny Matthews, the longtime radio voice of the Royals, the recipient Ford C. Frick Award given to outstanding broadcasters, and Rick Hummel, beat writer for the Post-Dispatch, the J.G. Taylor Spink Award honoree for his outstanding coverage of the Cardinals.

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Top Stories

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- Much Anxiety Over Having Enough Money for Retirement
- IASB completes reform of financial instruments accounting
- PayPal Could Soon Be eBay’s Biggest Source of Revenue
- Kmart offers $1 check cashing
    adds to financial service, such as “lease to own”
- This Day in American History
    Edited by Ralph Mango
- Dakota Financial saves $14,400 in document storage costs
   after deploying Office 365
- Programs to Protect Smartphones/Tablets/Laptops
- Who is Financing the Other Four?
    by Christopher Menkin
- Google & Facebook Utterly Dominate Mobile Advertising
- Microfinancial Reports $2.5 Million 2nd Quarter Profit
    Approves 410 New Dealers and Brokers
- Business Solar Panel Financing
     by Thomas L. Cadle, CLP
- Top Five Leasing Company Web Sites—
    in North America
- TimePayment New Web Site Almost Makes Top Five List
- Ascentium Capital Continues to Set Records
- Are More Online Loan Start-Ups On the Way?
- “Ends Banking for Cannabis Industry!” is the Claim
  Marijuana Vending Machine (Not a joke)
- 2014 Equipment Leasing & Finance U.S. Economy Outlook
- Myerson Opens Pacific Island Financial in Lihue, Kauai
Social Media Guidelines—Imperative
- Yozons First with “Digital Certificate-less” Electronic Signing
- 674 Dentists Win Judgment/Brican America
    (Includes Special Report from Attorney Ron Gossett)
- Canada's New Anti-Spam Law Active July 1, 2014
- Chart---Mobile Is Taking Over Digital Media Usage
   Company in Texas in Beta Stage with Mobile Leasing
- Dean Rubin Starts Ultimate Financing, Inc., No Longer at Axis Capital
- Increase Your Market Share By Linda Kester
- N.H. Newspaper: Direct Capital Acquired by CIT (Formerly owned by Tyco)
- Ironically Chris Broom & His Wife Bought Tyco Kozlowski Mansion
- Element Financial $10 Billion in Assets After Raising $1.42 billion
- PayPal Extends "No Interest" Small Business Loan Program
- Cisco predicts 61% Internet Traffic Wireless by 2018; Video 79% 
- Quick Bridge Funding Secures $35 Million Credit Facility
- Update—Richard Wilson and the Portland V.A.
- Leasing News Icon for Android Mobile Device
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $3,982.80
- One-Third of 18-34 year Olds Live with Their Parent
- June 1, 2014 Alexa Ranks Leasing Web Media
- Healthcare Partners Group Leasing Head Sentenced
- Eight Tips to Rethinking Work-Life Success
   Crossing the Corner Office Chasm
- Balboa Capital Dismisses Suit Against Regents Capital;
Regents Capital Sues Balboa for $36,454 Attorney Fees
- Platinum Financial, Orange, California
   Bulletin Board Complaint: $6,236.18
- California Considers Taking Away Bank Subsidiary’s
   Exemption to the California Lenders Law - ELFA Position
- Four Salesmen Pay Survey Responses
- BBB Ratings --- Complaints Bulletin Board Companies
- BBB Leasing Company Ratings
- The Salary You Must Earn to Buy a Home in 27 Metros
- Lease Fleece Judge Verdict on Citibank Kingpin
- New CLP Designation---“Associate”
- Look for More Changes in Conducting Leasing
- ZRG Partners Reports Q1 20% Hiring Growth
- 5 Ways to Give Your Brain a Break Right Now
- Marlin Leasing Getting Back into Broker Business
- LEAF Financial Income Fund III Complaints
   10K Gives Numbers
- “A Great Time to be in the Equipment Leasing Industry”
- The Value of Leasing Beyond Accounting Changes
- Alert: Dallin Hawkins is Back Again
    After His Fourth DUI Arrest
- Ascentium Capital Closes $200 Million Securitization
- Chesswood Record pretax earnings of $19.7 million
- Beyond the Detroit Municipal Bankruptcy Headlines
- Renasant Bank Will Consider Third Party Originations
- US Attorney Indicts EAR President Mark Anstett
   and Two Others for $100 Million Leasing Fraud
- The Controversy Today about Dun & Bradstreet
- Plastic Credit Card Processing Industry on the Way Out?
- Ex-PNC Equipment Finance VP/Regional Manager Arrested
- Why Leasing News is Different
Changes in Leasing Web Site Rankings
- Loan/Lease Regulations
- Take Your Banker to Lunch
- Look Out!!! --Two Evergreen/PRR Clause Lessors Merge
   Onset Financial/Mazuma Capital
- Lease Police Tips on Judging Vendors
- Netiquette: Rules of Behavior For Email and the Internet
- Alert: Rudy Trebels Back Soliciting Broker Business
- Fugitive Banker Accused of Faking Own Death
 Found Alive, Now Arrested
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- The Future of Digital: 2013
- DLL Leaves Lessor to Hang
  
re: Evergreen Clause
- Advice for Broker or Lessor
   Dealing with a Company that Uses Evergreen Clauses
- Balboa Capital Settles Mass Fax Class Action Case
- How to be an “Expert Witness” and Make Extra Income
- Muncipalities and Their Budgets
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Is Long Term Leasing Dead?
- 5 Ways Women Are Better Bosses Than Men
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Terry Winders, CLP, Custom Built Poker Tables
   ---Order One for Father’s Day
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Chat Acronymns and Keyboard Smilies
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Mazuma and Republic Bank Get Snared on PRR Provision
   by Tom McCurnin, Esq.
- Companies who utilize Evergreen Clauses for Extra Lease Payments
- Jeff Taylor's Leasing Predictions, Spring, 2006
- Radiance Capital, Tacoma, Washington
   Bulletin Board Complaint 
   Purchase Option on EFA, Won’t Return $5,000 S.D.
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Republic Bank out of leasing?
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?

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

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