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About
the Company: Bank
of Blue Valley is a locally owned community bank with $600 million
in assets. We are one of the leaders in the Kansas City financial
community. Our bank offers true community banking with services, |
.jpg)
Thursday,
July 1,2004
Headlines---
"The
Rates They Are A-changin'
Fed
Key Interest Rates Give Impetus to New Funding Rates
No
U.S. Housing Bubble Forecast On The Horizon
What
Lessors Are Saying About Medical Equipment Leasing Markets
Truckers
strike at several ports
July
4, July 3 ---Top Two Deadliest Driving Days
JPMorgan
Chase, Bank One Complete Merger
CLP
Exam Bellevue, WA, August 11-13, 2004
UAEL
Colorado Rockies Game Night August 6
UAEL
So.CaL. Angel Game Night July
29
California
Electronic Waste Recycling Delayed
######## surrounding the article denotes it is a “press
release”
“Add
Me” to Mailing list is now working.
We did not know it was not working until a new subscribed sent
us an e-mail as to why it was taking so long to add them to our mailing
list.
----------------------------------------------------------------------
Classified
Ads---Outsourcing
Consultant: Burlington, CT.
We provide our clients with a full range of consulting
services such as portfolio conversions, reconciliation, custom programming
and leasing operations utilizing InfoLease.
Email: info@new-millennium-assoc.com
Consultant: Sausalito, CA
Lease trainer and consultant. 38 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops.
E-mail: BoTei@aol.com
Communications: Chassell, MI.
Cartoons on business, finance & computers. Use for your presentations,
website, newsletter, direct mail projects etc. Fees are negotiable.
Email: dan@danscartoons.com
Go to http://www.danscartoons.com
Contract Administrator: San Diego, CA
work-at-home position to perform processing & documentation. 5+ years small ticket arena, used to handling a 25-30 deal workload. You do the sales, I'll do the rest.
E-mail: jmccorman@hotmail.com
Finance: Naperville, IL.
Your guide to the right questions and answers in finance.
Expert in capital raising, GAAP, acquisitions, lease economics. CPA.
MBA.
E-mail: m.willow@ameritech.net
Human Resource Consultant: New York, NY. Employee Relations, Recruiting, Benefits,
employee customer surveys, plus payroll administration "ON-LINE"
services-- AND IN PERSON at your location Please visit: www.adviceonhr.com
Full list of all outsourcing ads at:
http://64.125.68.90/LeasingNews/JobPostingsOutsourcing.htm
------------------------------------------------------------------
|
The only annually-updated international reference book for the asset financing and leasing industry available. The new 25th edition includes the latest market trends, over 100 authoritative articles and reports on the leasing software and IT market, an exclusive ranking of the top 50 leasing markets by size worldwide with feature profiles from Africa to Venezuela PLUS a directory of over 4,400 contacts.
Alternatively visit https://www.euromoneyplc.com/ to order online |
---------------------------------------------------------------------------
"The
Rates They Are A-changin'
Come
gather 'round people wherever you roam
Recognize
that inflation around you has grown
And
accept there's a chance it could rise through its zone
Price
stability is worth preservin'
So
less stimulus from the Fed don't bemoan
For
the rates they are a-changin'.
Come
writers and critics who prophesize with your pens
Who
are so confident in your opinions
But
don't speak too soon for the data still spins
And
there's no tellin' where it is goin'
The
theories out now could later be in
For
the rates they are a-changin'.
The
parody continued for several verses, ending with:
The
line it is drawn, the course nearly cast
The
risks we face now appeared small in the past
But
with measured steps the expansion will last
Futures
markets are anticipatin'
A
considerable time will be comin' to pass
For
the rates they are a-changin'.
the Federal Reserve
Bank of Cleveland posted this parody on their web site
--------------------------------------------------------------------------
Fed
Key Interest Rates Give Impetus to New Funding Rates
It didn’t take long
for the leasing funding sources to raise their
rates. One of the first was the new Netbank Financial
Services
(formerly Republic
Leasing of South Carolina), who raised
their rate of 9.75% ( according to their funding sheet:
http://www.leasingnews.org/archives/June%202004/6-25-04.htm#republic
)
to 10.25%.
“NetBank Business
Finance will increase all rates for all products by 50
“If NetBank Business
Finance chooses to extend an existing approval
“Help us to help
you protect your customers! Rate increases will be
Some banks had recently
raised the rate to discounters and lessors
They knew they would lose yields because approvals are often for
60 to 90 days, meaning
the rates for the transaction when funded were based
This raise in rates
was not in their favor and to compensate for
it, many will raise
50 basis points as NetBank Financial Services did.
Key
Interest Rates
June,
1994 through June 30,2004
Leasing News sent
out a “flash” at the news. Here
is the official Federal Reserve Press Release:
The
Federal Open Market Committee decided today to raise its target for
the federal funds rate by 25 basis points to 1¼ percent.
The
committee believes that, even after this action, the stance of monetary
policy remains accommodative and, coupled with robust underlying growth
in productivity, is providing ongoing support to economic activity.
The evidence accumulated over the inter-meeting period indicates that
output is continuing to expand at a solid pace and labor market conditions
have improved. Although incoming inflation data are somewhat elevated,
a portion of the increase in recent months appears to have been due
to transitory factors.
The
committee perceives the upside and downside risks to the attainment
of both sustainable growth and price stability for the next few quarters
are roughly equal. With underlying inflation still expected to be relatively
low, the committee believes that policy accommodation can be removed
at a pace that is likely to be measured. Nonetheless, the committee
will respond to changes in economic prospects as needed to fulfill its
obligation to maintain price stability.
Voting
for the F.O.M.C. monetary policy action were: Alan Greenspan, chairman;
Timothy F. Geithner, vice chairman; Ben S. Bernanke; Susan S. Bies;
Roger W. Ferguson Jr.; Edward M. Gramlich; Thomas M. Hoenig; Donald
L. Kohn; Cathy E. Minehan; Mark W. Olson; Sandra Pianalto; and William
Poole.
In
a related action, the board of governors approved a 25 basis point increase
in the discount rate to 2¼ percent. In taking this action, the board
approved the requests submitted by the boards of directors of the Federal
Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond,
Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San
Francisco.
For a history of
the federal fund rate since 1954, please go here:
http://two.leasingnews.org/loose_files/Federal%20funds.htm
---------------------------------------------------------------------
--------------------------------------------------------------------
### Press Release
######################
No
U.S. Housing Bubble Forecast On The Horizon
Fitch Ratings-New
York- The prospects of a significant near term national housing correction
prompted by a bursting home pricing bubble or potentially higher mortgage
rates are overstated concerns, according to Fitch Ratings.
'Although broadly
speaking, homes are still reasonably affordable in most markets (versus
prior peak comparisons), home prices cannot indefinitely keep climbing
much faster than peoples' incomes, as has been the case during the past
few years in certain communities,' said Robert Curran, Senior Director,
Fitch Ratings. 'However, the risk appears to be local rather than regional
or national.'
Fitch has also become
reasonably comfortable with the increasingly prominent usage of hybrid
adjustable-rate mortgages (ARMs) after expressing concern that homeowners
may be extending themselves to acquire homes. 'Much of the incremental
ARMs, upon further analysis, appear to be sourced by buyers of upscale
homes making a sophisticated financing decision rather than entry level
buyers stretching to buy their home,' said Curran.
Though housing likely
will not be as stimulative to the economy for the remainder of 2004,
Fitch does not expect any meaningful deterioration either. Despite the
continued stable trends, Fitch does note some challenges for the housing
sector; how potentially increasing strain on the long-term federal budget
may affect rental housing programs for low income households; and, the
potential effect that proposed regulation changes may have on the ability
of the government sponsored enterprises (GSEs) to fulfill their secondary
mortgage market role.
These comments can
be found in The Fitch report, 'U.S. Homebuilding/Construction: The Chalk
Line - Quarterly Update', which will be available tomorrow on the Fitch
Ratings web site at 'www.fitchratings.com
in the 'Corporates' sector page under 'Special Reports'. New features
to the latest edition of Chalk Line include the recently published homebuilder
national rankings for 2003, major builders' positions in top 50 metropolitan
markets based on newly released 2003 data, and historical long-term
comparisons of incremental household formations juxtaposed with housing
starts.
Contact: Robert Curran
+1-212-908-0515, New York.
#### Press Release
####################
----------------------------------------------------------------
What
Lessors Are Saying About Medical Equipment Leasing Markets
ELT News
Healthcare equipment
leasing is one market segment that has performed consistently well despite
the fluctuations experienced by other segments of the equipment leasing
industry. E-news recently asked healthcare equipment lessors for an
update on the overall state of healthcare equipment leasing, and for
their insights into the secondary market in this segment.
William Zadrozny,
Siemens Financial, observed that the healthcare leasing market continues
to be an out-performer, even in a recovering economy such as the current
one. He said, “For the players with the expertise to appropriately address
the needs of the customers in this market, it should continue to provide
above average growth opportunities for the foreseeable future. However,
for those without the requisite expertise that try to apply the skill
sets of the commercial marketplace there will be disappointments.”
As for the secondary
market for equipment, Zadrozny noted that it, too, requires a certain
capability to ensure that residuals will be realized and collateral
values are maintained. “As can be expected the manufacturers of the
equipment, which are also the largest competitors in the equipment finance
market, are uniquely positioned and have a distinct advantage,” Zadrozny
said.
Donald Link, Hitachi
Capital America, said his firm has found the healthcare segment to be
robust, with growth exceeding expectations. On the client side, Link
said continued strength in the outpatient diagnostic imaging and ambulatory
surgery segments, for both de novo sites and replacement/upgrade locations,
has driven demand.
Commenting on competition
in this segment Link said, “The departure of competitors has created
opportunity and allowed, to a certain degree, more appropriate transaction
structures. However, this reaction has been partially offset by certain
captive lessors' support of their parent organizations' aggressive equipment
market-share objectives.”
Link added that Hitachi Capital America anticipates continued
strength in the segment, pulled by expanding technology opportunities
in diagnostic imaging (in particular high-field open MRI and PET/CT
systems), and patient/physician satisfaction driving outpatient surgery
toward ambulatory surgery centers.
According to Tom
Hammer, Healthcare Asset Management for De Lage Landen Financial Services,
the secondary healthcare equipment market is strong and expected to
stay that way for the foreseeable future. "The healthcare industry
is growing, so the demand for new and remarketed equipment continues
to grow," he said. "We see no reason for that to change."
Hammer said that medical imaging is De Lage Landen's strongest
secondary market, followed by home healthcare and lab equipment. "With
the aging baby boomer population, demand for medical imaging equipment,
in particular, is expected to continue on a strong growth curve for
the next 10 years, with specific modalities such as PET scanning, stronger
than others," Hammer stated.
Hammer noted a trend
toward increasing use of the Internet by end users to seek out and purchase
equipment coming off lease, in an effort to reduce costs by eliminating
the middleman in the remarketing process.
Jim Ambrose, GE Commercial
Finance, said that the overall softness in demand for new diagnostic
imaging equipment in the U.S. is favoring the secondary market, particularly
the non-hospital segment where refurbished equipment from the OEMs is
a great value for the price. Ambrose also noted that shorter equipment
lifecycles for many types of high tech medical equipment are resulting
in more in-term activity within the portfolios of the lessors.
“The consequence
is a greater supply of relatively new and still technologically relevant
products in the secondary markets, both in the U.S. and Europe,” Ambrose
said. “As markets continue to privatize in Europe, used equipment is
becoming a good alternative for many newly created healthcare providers
and this equipment is not subject to the public tender process, which
is great for lessors.”
Tim McDonald, Director
of Asset Management for CitiCapital Healthcare Finance, said that in
general, the market for used medical equipment is relatively steady,
depending on the equipment type. “The imaging market is strong and is
expected to remain so going forward, especially for large ticket MRIs
and CTs which are now being manufactured with more upgradeable paths,”
McDonald said. “The ophthalmic market is strong as well.”
McDonald noted that
the ultrasound market is relatively flat due to the decrease in the
cost of new equipment, along with oversupply in the used equipment market.
“As with any equipment category, older technology is being pushed out
by new technology and reduction in new equipment pricing is affecting
used equipment values across the board,” McDonald said.
For small clinical
lab equipment, used equipment can be more expensive to operate than
new equipment. “In hemotology, for example, the cost per test to run
a new blood analyzer is significantly lower than the cost using older
technology,” McDonald said. “Therefore, we've have had to sell much
of this equipment internationally, in markets that are a generation
or more behind the U.S. in medical technology.”
McDonald added that
there still is some uncertainty in the domestic market since this is
an election year and the status on future reimbursements remains to
be seen. He added, “CitiCapital has a well diversified portfolio and
does not expect any major downturns in the near future.”
Matthew Shieman,
The Matsco Companies, said, “Our outlook is that the professional healthcare
market is not going to grow faster than its historical level of four
to eight percent per annum. There are many new entrants to this market
space thus creating pricing pressures for the lessor/lenders.”
Shieman added that
residual value assumptions still seem to be reasonable but that could
change if the market pressures for increased volume escalates. He added,
“Portfolio payment performance to date has been solid and compared to
one to two years ago has improved significantly.”
CONTACT:
Amy Holmes
ELA
E-mail: aholmes@elamail.com
----------------------------------------------------------------------
Classified
Ads---Help Wanted
Account Executive
|
About
the Company: Bank
of Blue Valley is a locally owned community bank with $600 million
in assets. We are one of the leaders in the Kansas City financial
community. Our bank offers true community banking with services, |
Business Development Office
|
Business Development Officer,leasing exp.,min 3 yrs business & direct sales exp. Banking procedure knowledge helpful. Gilroy, CA location, serving four surrounding counties. E-mail valdezd@1stnational.com or see Career Opportunities www.pcbancorp.com About the Company: Pacific Capital Bancorp is a $5+ billion, multi-bank holding company dedicated to providing an enduring network of community banks on the Central Coast of California. This unique partnership of independent banks provides customers in six California counties with the financial strength and product diversity of a big bank, delivered with the responsiveness and personalized attention of a local community bank. |
Marketing Indirect Origination
 MARKETING INDIRECT ORIGINATION: New York. One of the largest ind. equip.lessors needs motivated, self-starter to purchase single investor leases from institutional investors; min.transaction $1 million; portfolio of primarily investment grade lessees/good "story credits". Min 3 yrs exp. sourcing/ originating leasing transactions, knowledge credit and pricing. E-mail: jobposting1@leasingnews.org |
Sales
|
About the Company: www.odysseyequipfinance.com |
|
About
the Company: |
Sales: Established 20-year
full service lessor seeks sales professional in small or mid ticket
markets. Earn high commissions, with benefits.
Specialist
|
Port Leasing Sales Officer - Port of Long Beach:
conducts/oversees negotiations for leases, permits, property acquisition;
prepares lease proposals; negotiates prop. acquisition; neg. lease
agreements with new/exisiting tenants; develops financial info.
to analyze lease proposals. College degree expected. Contact:
Stuart Satow, CPS Executive Search 916-263-1401, ssatow@cps.ca.gov Recruitment brochure |
------------------------------------------------------------------------
Truckers
strike at several ports; action likely to last through holiday weekend
Owner-Operator Independent Drivers Association Newsletter
Independent truckers
walked off the job at several U.S. ports June 28 in a protest expected
to last through the July Fourth holiday weekend, according to Land Line
sources and various local news reports.
Owner-operators struck
ports in New Jersey, California, South Carolina and Louisiana to protest
rising fuel costs, anti-union laws, wage issues and insufficient fuel
surcharges.
A spokesman for Pacer
International Inc. told Bloomberg News they were preparing for strikes
in California during the weekend.
About 200 independent
truckers demonstrated at Port Newark, one of the nation's busiest container
ports, said Tiffany Townsend, a spokeswoman for the Port Authority of
New York and New Jersey.
"We're certainly
open for business, but obviously volume is down," she said.
Other ports affected
included those in New Orleans, Boston and Charleston, S.C.
The Post and Courier
serving South Carolina reported that about 70 truckers had gathered
among the State Ports Authority's three container terminals and the
CSX intermodal train yard in North Charleston, SC.
The paper reported
that some local maritime observers commented on the noticeable absence
of container trucks on area roads and around terminal gates. Most cargo
at the Port of Charleston moves by truck, prompting one picketer to
display a sign that read: "If you got it, a truck brought it."
Meanwhile, demonstrations
scheduled to last all week are under way at several U.S. ports, including
New Orleans, Savannah, Long Beach, CA, and New York. The demonstrations
come at the peak of the shipping season as retailers begin stocking
up on merchandise for the Christmas season.
According to the
Post and Courier, the striking truckers said they could not afford to
take the day off but felt they had to take a stand against the shipping
lines and trucking companies who hire them.
The main issue is
fuel surcharges, which trucking companies charge shipping lines to compensate
for higher fuel prices. However, the truckers say the trucking companies
they work for don't share all the proceeds of those charges.
OOIDA’s
response
OOIDA has consistently
used its lobbying muscle to push for meaningful surcharge legislation.
The association believes that with today’s high fuel prices, every shipper
should be paying a fuel surcharge adequate to cover costs.
“For any middleman
to pocket all or part of the surcharge is a fraud on the shipper and
truck owner that should be punishable by law,” Todd Spencer, executive
vice president of the Owner-Operator Independent Drivers Association,
said.
OOIDA has asked lawmakers
in Washington, DC, to pass fuel surcharge legislation that will provide
a permanent fix to this problem. While some legislators may still be
hesitant to offer a legislative fix, OOIDA says, the choice to ignore
high fuel prices that bankrupt truckers comes with perils for more than
just small-business truckers.
“The entire economic
recovery for the nation may well be set back or stalled,” Spencer said.
“Port drivers have been among the most abused in years. Steamship lines
and railroads have taken full advantage of their bargaining position
to beat these guys down bad. It’s not surprising they are angry. And,
it’s shameful the only way their legitimate concerns will be addressed
is when they threaten drastic action.”
--by Dick Larsen,
senior editor
Dick Larsen can be
reached via e-mail at dick_larsen@landlinemag.com.
-------------------------------------------------------------------------------
July
4, July 3 ---Top Two Deadliest Driving Days
According to the
Insurance Institute for Highway Safety data,
the 10 deadliest days of the year on our nation's roads are:
Date |
Total Deaths 1986-2002 |
Average Per Day |
| July 4 | 2,743 |
161 |
| July 3 | 2,534 |
149 |
| December 23 | 2,470 |
145 |
| August 3 | 2,413 |
142 |
| January 1 | 2,411 |
142 |
| August 6 | 2,387 |
140 |
| August 4 | 2,365 |
139 |
| August 12 | 2,359 |
139 |
| July 2 | 2,340 |
138 |
| September 2 | 2,336 |
137 |
Average Daily Deaths 117
-- Do not drink and
drive. Forty-one percent of motor vehicle fatalities this July 4th weekend
will be related to driving under the influence.
-- Allow plenty of
time to reach your destination.
-- Make sure your
children are secured properly in a child safety seat. For tips on child
safety seat installation, go to www.21st.com for a free downloadable
guide.
-- Do not tailgate
on the highways and monitor your speed.
-- Focus on the road
in front of you. Try to avoid distracting behavior like eating, speaking
on the phone, or turning around to the rear of the car while driving.
-- Drive cautiously
and do not challenge aggressive drivers.
----------------------------------------------------------------------
#### Press Release
#######################
JPMorgan
Chase, Bank One Complete Merger
NEW YORK & CHICAGO--(
--J.P. Morgan Chase & Co. (NYSE:JPM) and Bank One Corporation today
completed the merger of their holding companies, effective 12:01 a.m.
July 1, 2004. The combined company will be known as J.P. Morgan Chase
& Co.
Bank One stockholders
will receive 1.32 shares of JPMorgan Chase common stock for each share
of Bank
One common stock.
JPMorgan Chase stock will continue to trade on the New York Stock Exchange
under the ticker symbol JPM; Bank One stock traded for the last time
June 30, 2004.
J.P. Morgan Chase
& Co. is a leading global financial services firm with assets of
$1.1 trillion and operations in more than 50 countries. The firm is
a leader in investment banking, financial services for consumers and
businesses, financial transaction processing, asset and wealth management,
and private equity. A component of the Dow Jones Industrial Average,
J.P. Morgan Chase & Co. has its corporate headquarters in New York
and its U.S. retail financial services and commercial banking headquarters
in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm
serves millions of consumers in the United States and many of the world's
most prominent corporate, institutional and government clients. Information
about the firm is available on the Internet at www.jpmorganchase.com.
Contacts
J.P. Morgan Chase
& Co.
New York:
Joseph Evangelisti,
212-270-7438
joseph.evangelisti@jpmorgan.com
or
Chicago:
Thomas Kelly, 312-732-7007
### Press Release
#######################
**** announcement
**************************************
Premier Lease & Loan Services to Host Institute for Leasing Professionals
CLP
Preparation and Testing to be Offered
Bellevue, WA – – The United Association of Equipment Leasing
Education Committee, in conjunction with the Certified Lease
Professional Foundation, announce the upcoming Institute for Leasing Professionals
and CLP Exam, hosted by Premier Lease & Loan Services, Bellevue,
WA, August 11-13, 2004.
The two-day institute
is used to culminate study for the Certified Lease Professional's examination.
It is also a great introductory course for those candidates who
plan to take the exam in the future but need study direction.
The exam is being offered on Friday, August 13.
The designation of
Certified Lease Professional sets the standard for professionalism in
the leasing industry. This prestigious and coveted designation is designed
to identify and recognize those individuals within the leasing profession
who have demonstrated, through experience, testing and conduct, their
competency in leasing. The letters "CLP" behind their name
represents a visible recognition of this professional achievement and
status.
“We’re excited to
be hosting this event and to have several of our key employees seeking
the CLP designation,” states Vic Villegas, General Manager for Premier
Lease & Loan Services. “We are fortunate to have so many veteran
instructors and CLP mentors in the Seattle area.”
Candidates interesting
in registering and ordering study materials should contact Cindy Spurdle,
Executive Director of the CLP Foundation at (610) 687-4111.
About Premier Lease
& Loan Services
Premier Lease &
Loan Services, a division of Great American Insurance Group, is a recognized
leader in providing insurance products and services to the commercial
leasing industry through their Automatic Insurance®, @Request Lease
Protection, and Contingent & Excess Liability products.
About the CLP Foundation
The CLP Foundation
is the official governing body for the Certified Leasing Professional
(CLP) program. The CLP designation sets the standard for professionalism
in the leasing industry. This designation identifies and recognizes
individuals within the leasing industry who have demonstrated their
competency, through continued education, testing and conduct.
About the UAEL
The United Association
of Equipment Leasing (UAEL) was established in 1974 as an association
bringing together all segments of the leasing industry, including brokers,
independent lessors, funders, bankers and service providers. It is the only leasing association that extends full voting privileges
to all members. The UAEL exists to provide a forum for the personal
and professional growth and success of its members.
Contacts:
Bryan T. Inman Cindy
Spurdle
Premier Lease &
Loan Services
CLP Foundation
(425) 957-3612 phone (610)
687-0213 phone
(425) 649-5919 fax (610)
687-4111 fax
btinman@plls.com cindy@clpfoundation.org
Erin E. Federman
Marketing Specialist
Premier Lease &
Loan Services
Member Great American
Insurance Group
49 East Fourth Street,
Suite 900
Cincinnati, OH 45202
Phone: 513.763.6191;
Fax: 513.763.8308
Email: efederman@plls.com
**** announcement
**************************************
UAEL
Colorado Region Presents
Colorado Rockies Game Night August 6
Event Hosted by UAEL
Colorado Regional Committee, Pawnee Leasing, BSB Leasing
Take me out to the
Ball Game!
Date: Friday, August 6, 2004
Time: 7:05 PM (Colorado Rockies -vs- Cincinnati Reds)
Place: Coors Field ~ Denver, Colorado
Ticket Includes: Owners Box seats
$40.00 UAEL Member Price
$50.00 Non UAEL Member Price
Company Employees
are invited to attend. Family
and Friends are welcome!
Reserve your tickets
today by emailing Skip Wehner at swehner@bsbleasing.com Please RSVP by August 2, 2004
Hurry and get your
tickets. Limited to 40 people!
Reserve your tickets
today by mail or online at UAEL.ORG with credit card!
________ Company
Name
________ Number of
Attendees from your company
________ Total Amount
Due
Please make check
payable to UAEL and mail to:
UAEL
78-120 Calle Estado
Suite 201
La Quinta, CA 92253
Please contact Skip
Wehner with any questions. 800-945-3372 ext. 334
*** announcement
***************************************
UAEL
Southern California Region Presents
Our 3rd Annual Angel
Game Night
Thursday July 29,
2004
7:00 PM - Angel Stadium
- Anaheim, California
Anaheim Angels vs.
Seattle Mariners
Here is more information and form for game:
http://two.leasingnews.org/loose_files/SoCal%20Angels%202004UAEL.doc
***** Announcement
************************************
California
Electronic Waste Recycling Delayed
Legislation
delaying implementation of the Electronic Waste Recycling Act has passed
the California Legislature. All
observers expect Governor Arnold Schwarzenegger to sign the legislation,
most likely today. Assembly
Bill 901 will delay fee collection from the original implementation
date of July 1, 2004 until November 1, 2004.
Lessors
have a responsibility to collect the new California recycling fee on
covered equipment and hold until the Board of Equalization starts billing
for the fee, most likely in 2005. ELA
has scheduled a meeting and conference call with the California Board
of Equalization and California Environmental Protection Agency to review
directives placed on equipment lessors for collection of the electronic
hazardous waste recycling fee. To
register as an attendee and/or to participate by telephone go to:
http://www.elaonline.com/govtrelations/state/camtg/
Dennis
Brown
Equipment
Leasing Association
****
announcement **********************************
---------------------------------------------------------------------
|
2004 ANNUAL CONFERENCE & EXPOSITION (ACE) If you are a former UAEL member and would like to attend the 30th anniversary party, please call Joe Woodley or email to: jwoodley@uael.org |
|
United
Association of Equipment Leasing
78120 Calle Estado, 201 La Quinta, CA. 92253 760.567.2227 / 760.564.2206 Fax |
News
Briefs----
Consumer
confidence jumps to 2-year high
http://www.boston.com/business/personalfinance/articles/2004/06/30/
consumer_confidence_jumps_to_2_year_high/
Freddie
Mac reports its profit tumbled 52% in 2003
http://www.usatoday.com/money/companies/earnings/2004-06-30-freddie_x.htm
Midwest
June business growth far below forecast
http://www.usatoday.com/money/economy/2004-06-30-midwest-biz_x.htm
Former
Tyco Lawyer Completes Testimony
http://www.nytimes.com/2004/07/01/business/01tyco.html?pagewanted=all
Ellison
Rounds Up Oracle's Defense
http://www.internetnews.com/bus-news/article.php/3375881
U.S.
doughnut sales continue to slide
http://www.usatoday.com/money/industries/food/2004-06-30-donut-decline_x.htm
Rancher
sells archaelogical site to government
http://www.dhonline.com/articles/2004/06/25/news/nation/nation08.txt
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Sports
Briefs---
Yankees
Tighten Hold, and Red Sox Again Lose Grip
http://www.nytimes.com/2004/07/01/sports/baseball/01yankees.html?hp
Portugal
Goes to Final; Netherlands Goes Home
http://www.nytimes.com/2004/07/01/sports/soccer/01soccer.html
California
Nuts Briefs---
State
misses budget deadline for eighth time in 10 years
http://www.mercurynews.com/mld/mercurynews/9052994.htm?1c
SCHWARZENEGGER
BORROWING TACTICS FROM GOV. DAVIS TO SHAPE BLUEPRINT
http://www.mercurynews.com/mld/mercurynews/9053009.htm
Tribal
gambling deals pushed
http://www.mercurynews.com/mld/mercurynews/9053077.htm
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“Gimme
that Wine”
Here
is a must for wine events:
http://www.wineevents-calendar.com/index.lasso
Screw
Caps Proven to Retain Freshness and Fruit Character and Allow More Consistent
Aging When Compared to Natural and Synthetic Corks
http://biz.yahoo.com/prnews/040630/sfw011_1.html
New
Winemakers Hired at De Loach and Mayo Family Winery
http://www.winespectator.com/Wine/Daily/News/0,1145,2520,00.html
Rain
causing concern for vineyard owners in Texas
http://www.chron.com/cs/CDA/ssistory.mpl/metropolitan/2655162
Rhone
Rangers unmask the versatility of West Coast varietals
http://seattlepi.nwsource.com/food/180017_chou30.html
Bordeaux
slashes wine sales as crisis deepens
http://www.decanter.com/news/56159.html
In
Black Tie and Blue Jeans, Wine Lovers Flock to Fairs