Add me to mailing list    |           |      Search

Advertising | All Lists | Archives | Classified Ads | This Day In American History


   

 

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

John Martella
LCA Financial, llc
President
Phone: 800.800.8098 ext. 5209
Direct: 248.743.5209
jmartella@leasecorp.com

Monday, October 5, 2009

Hard Rock/Psychedelic Blues singer Steve Miller born October 5, 1943, in Milwaukee, Wisconsin. In 1967, Miller formed the Steve Miller Band (at first called The Steve Miller Blues Band), with Miller also handling vocals. In 1968, they released an album, Children of the Future, the first in a series of discs rooted solidly in the psychedelic blues style that then dominated the San Francisco scene. Boz Scaggs rejoined Miller for this album and the next one, before starting his solo career. "Gangster of Love." the "Space Cowboy," ""Maurice," "The Joker, "Fly Like an Eagle," "Book of Dreams."
http://www.stevemillerband.com/tour.htm

Headlines---

Alert--Brican America, Miami, Florida
    Classified Ads---Asset Management
        NEFA Hosts Fall 2009 Funding Symposium
LTI Adds $10MM to Boost American Ingenuity Fund
    Bank Beat-Detroit Suburb/119 Year old Bank
Leasing News Top Stories-September 28-October 2
    Classified Ads---Help Wanted
        Placard---Don't look Back!
Don't Miss NAELB Western Regional Meeting
Leasing 102 by Mr. Terry Winders, CLP
    Lease Documentation
Hollywood Restaurateur Tax Evasion
News Briefs----
Goldman May Get $1 Billion if CIT Files BK
    Securitization Down 20% since Last Year
Charge-Offs, Delinquencies Expected To Increase
    Greenspan says unemployment will top 10 percent
FDI inflow crosses $100 billion mark (India)
You May have Missed---
   Geography of a Recession
      California Nuts Brief---
        Sports Brief---
"Gimme that Wine"
    Today's Top Event in History
        This Day in American History
Baseball Poem
    SuDoku
Daily Puzzle
    GasBuddy
        Weather, USA or specific area
Traffic Live----

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


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

Alert--Brican America, Miami, Florida


http://www.bricanamerica.com/

This was brought to Leasing News attention by Bernie Boettigheimer, CLP, of Lease Police. It appears Brican may be in the process of trying to sell parts of its lease portfolio and in doing an investigation, found NCMIC Finance Corporation dba Professional Solutions Financial Services (PSFS), Clive, Iowa has a claim against Brican for $38 million involving 1672 leases. It appears very similar to the NorVergence situation but in this case the seller of the equipment in this case specifically provided the lessee with a letter to make lease payments in certain situations, unknown to PSFS, according to the complaint.

"15. In fact, there was at least one additional agreement, a "Marketing Agreement," which related to the Goods or Leases provided to the Lessees, that Brican gave to each of the Lessees, which was not included in the documents that were provided to PSFS for each of the leases."

"17. The Marketing Agreement was material to PSFS's decision to underwrite Leases as the payments under the Marketing agreement were designed to offset the cost of the Lease Payments, suggesting that the Lessees would not enter into the Leases or might cease payment under them without the income stream provided by the Marketing Agreement.
18. As a result of Brican's failure to provide the Marketing agreement to PSFS with each packet of the document related to each of the Leases, Brican has breached the agreement."

Copy of complaint:
http://leasingnews.org/PDF/PSFS%20Complaint.pdf

Brican Response:
http://leasingnews.org/PDF/Brican%20Response.pdf

Alerts:
http://www.leasingnews.org/Conscious-Top%20Stories/alert.htm

Bulletin Board Complaints:
http://www.leasingnews.org/bulletin_board.htm




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

[headlines]

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

Classified Ads---Asset Management

Haverhill, MA
Started in credit and collections 30 years ago with a private agency. My skills are negotiating with Attorney's, Insurance Companies & Large & small companies.
cityofpa@earthlink.net | Resume

Minneapolis, MN
16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.
golfadm@yahoo.com

Santa Barbara, Ca.
Full time/part time/Former Balboa/LEAF/Santa Barbara B&T, repossession, remarketing, liquidation.Top references; willing to relocate for excellent career opportunity.
Resume



For a full listing of all "job wanted" ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

To place a free "job wanted" Leasing News ad:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

ELFA Career Center: Job Seekers (free):
http://careers.elfaonline.org/search.cfm

[headlines]

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

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

NEFA Hosts Fall 2009 Funding Symposium

ATLANTA, GA - - The National Equipment Finance Association (NEFA) held its first annual Fall Funding Symposium in Monterey, California last week.

The event's theme of "Connect, Innovate, Achieve" was realized as 175 leasing industry professionals gathered to network and learn how to operate more effectively in today's challenging business environment. Highlights of the event included keynote addresses by John Sweeney, owner of the Brave New Workshop, and Gary Schlossberg, vice president and senior economist at Wells Capital Management. In addition, two panel discussions featuring industry leaders on legal and funding topics and an exhibit hall provided attendees with a wealth of insights, new connections and a forum to explore new business opportunities.

"Based on attendee's positive feedback, we accomplished what we set out to do for the NEFA conference theme of Connect - Innovate - Achieve.", said Charlie Ehlers, 2009 Funding Symposium chair and director of sales for US Bank Manifest Funding Services. He added, "The funding panel presentation and numerous questions from the audience proved that communicating openly and working together is needed. The candid conversation was important and necessary to drive home the fact on what funding sources and brokers/lessors should expect from each other to create strong, long lasting, profitable partnerships. We are grateful to our sponsors and exhibitors for supporting this high-quality, high-impact event."

John Sweeney of the Brave New Workshop delivered the conference opening session on Friday morning. His business message, balanced with humor, encouraged everyone to continue to think differently about their businesses and to strive to innovate to achieve positive results.

The NEFA plans additional education and networking opportunities in the coming months. A "super-regional" event takes place in Teaneck, New Jersey on Monday, November 9, 2009. The NEFA's National Equipment Finance Summit will be held in Dallas, Texas on March 19 - 21, 2010 at the Fairmont Hotel. Additional details can be found online at www.nefassociation.org.

[headlines]

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

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

"LTI Adds $10 million to Boost its American Ingenuity Fund"

Wilton, CT, Leasing Technologies International, Inc. ("LTI") announced it raised an additional $10 million for its American Ingenuity Fund. The expanded fund will continue to provide equipment financing, primarily to start-ups backed by professional venture capital investors. Designed to fund leases and equipment loans ranging from $250,000 to $2.5 million, the program accommodates lease terms of up to thirty-six months. Financed equipment includes computers, research, test, communications, security, light manufacturing, and other equipment used by startups. LTI invites qualified lease originators to submit transactions that fit the fund, which will supplement transactions originated by LTI's originations team.

Startups qualifying for the American Ingenuity Fund typically have raised $ 3 million - $10 million in an A or later venture capital round and have already launched their products or services. The program targets companies headquartered and operating in the U.S.


Jerry Sprole, CEO
"Having successfully launched the $30 million American Ingenuity Fund earlier this year, the additional funding will allow LTI to expand the program to assist more startups and emerging companies at a time when this type of financing is in high demand" said Jerry Sprole, LTI's CEO. "Transactions funded under the fund will be solution-based and will enable startups with venture capital sponsorship to stretch the runway between equity rounds and to use their venture capital for high-impact business activities like recruiting staff, research and development, and boosting their sales."

Headquartered in Wilton, CT, LTI offers innovative equipment financing solutions to emerging growth and venture capital-backed companies located in the U.S.

Since 1983, LTI has provided over $300 million in equipment financing to over 500 start-ups and emerging growth companies. LTI's customers include technology and information services startups specializing in healthcare, software, communications, security, and other technology markets. Financing products include lease lines, equipment loans, vendor lease programs and sale-leaseback transactions. For more information regarding Leasing Technologies International, Inc., visit the company's Web site at www.ltileasing.com



[headlines]

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

Bank Beat-Detroit Suburb/98th Bank/119 Year old Bank

Warren is the third most populous city in Michigan, and Metro Detroit's largest suburb. One of the few banks to fail that actually increased in employees from 96 June 30, 2008 to 109 employees, June 30, 2009, as most of these banks that failed were working on a "bone" staff. Here the increase may have been needed in an attempt to recover from so many real estate defaults.

Damian Kassab, the bank's chairman, ironically also was serving as chairman of the Michigan Gaming Control Board.

The FDIC had issued a cease and desist order with a deadline of August 28th to raise more money or sell the bank, noting Warren Bank was "significantly undercapitalized." Bank equity dropped from $52.6 million to $10.6 million in the same one year time frame, with net income going from a $486,000 profit to a $23 million loss, primarily in real estate loan defaults. A list of their foreclosed homes is on line and perhaps tells the story best:
http://www.bankforeclosuresmichigan.com/list/county099/warren.htm

In addition to assuming all of the deposits of the failed bank, the Huntington National Bank will purchase approximately $83 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $275 million.
http://www.fdic.gov/news/news/press/2009/pr09179.html

The 98th bank to fail in the U.S., third in Colorado, was Southern Colorado National Bank, Pueblo, Colorado. This was a small bank with 21 employees. June 30, 2008 they had a $182,000 loss and June 30, 2009, a $1.25 million loss. Legacy Bank, Wiley, Colorado, to assume all of the deposits of Southern Colorado National Bank. The FDIC and Legacy Bank entered into a loss-share transaction on approximately $25.5 million of Southern Colorado National Bank's assets.

As of September 4, 2009, Southern Colorado National Bank had total assets of $39.5 million and total deposits of approximately $31.9 million. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6.6 million.
http://www.fdic.gov/news/news/press/2009/pr09181.html

Jennings State Bank, Spring Grove, Minnesota, was closed Friday by the Minnesota Department of Commerce. The two branches with 24 employees are now operating Central Bank, Stillwater, Minnesota, who assumed all the deposits. Bank equity had gone from $3.7 million June 30, 2008 to $1.5 million June 30, 2009. They lost $493,000 June 30, 2008 and June 30, 2009 $1.5 million.

The FDIC and Central Bank entered into a loss-share transaction on approximately $37.7 million of Jennings State Bank's assets.
http://www.fdic.gov/news/news/press/2009/pr09180.html

The full story of the 119 year old Jennings State Bank and why they failed:
http://www.startribune.com/business/63333542.html?elr=KArksDyycyUtyycyUiD3aPc:_Yyc:aUU

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html

Previous Bank Beat columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

[headlines]

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

Leasing News Top Stories-September 28-October 2

Here are the top ten stories opened by readers:

(1) Alert---Medical Sale/Leasebacks
"Failure Rate over 60%"
http://leasingnews.org/archives/October%202009/10-02-09.htm#alert_medical

(2) Sheldon Player---new "Alert"
by Christopher Menkin
http://leasingnews.org/archives/September%202009/09-29-09.htm#Sheldon_Player

(3) Direct Capital Down to 200
http://leasingnews.org/archives/October%202009/10-02-09.htm#Direct_Capital

(4) Leasing Companies Out of Broker Business
http://leasingnews.org/archives/October%202009/10-02-09.htm#OutofBroker

(5) Sales makes it Happen-by Mr. Terry Winders, CLP
What is the correct answer to "What is my rate?"
http://leasingnews.org/archives/October%202009/10-02-09.htm#Sales_Make_it_Happen

(6) Leasing 102 by Mr. Terry Winders, CLP
Bankruptcy
http://leasingnews.org/archives/September%202009/09-29-09.htm#Leasing102

(7) Top 11 metro areas (Where the business are)
http://leasingnews.org/archives/September%202009/09-29-09.htm#Top_11_Metro_Areas

(8) TechLease, L.L.C., Morgan Hill, CA closes
http://leasingnews.org/archives/October%202009/10-02-09.htm#TechLease_LLC

(9) Turmoil still exists at Puget Sound Leasing
by Christopher Menkin
http://leasingnews.org/archives/October%202009/10-02-09.htm#Turmoil_Puget

(10) More Information, but No Official Word on
Macquarie Group buying Relational
http://leasingnews.org/archives/October%202009/10-02-09.htm#No_Word

Extra, not counted for technical reasons:
September 30, 2009 --- Leasing News Extra
Relational Technology Solutions Closing Down?
http://leasingnews.org/archives/September%202009/09-30-09a.htm



[headlines]

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

Classified Ads---Help Wanted

 

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

Confidential Interview:
Barbara Griffith 714-573-9804 ext 101
resume: bgriffith@socalleasing.com

 

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

John Martella
LCA Financial, llc
President
Phone: 800.800.8098 ext. 5209
Direct: 248.743.5209
jmartella@leasecorp.com

 

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

ILS is a direct lender specializing in
Vendor Program business.
www.ilslease.com

 

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

TEQlease provides customized equipment leasing solutions for businesses.
www.TEQlease.com



[headlines]

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

[headlines]

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

Don't Miss NAELB Western Regional Meeting

If you are a captive lessor in sales or a salesman for a single leasing company, you should attend to learn how the brokers are succeeding in today's market place.

If you are an independent leasing broker, this is a must!!!

Time to get your registration in for the National Association of Equipment Leasing Brokers Southern California meeting Friday, Saturday, November 6-7. NAELB Broker members $99, non-members: $125. Hilton Orange County, Costa Mesa.

There are several workshops, but two stand out. First: "Marketing Best Practices: Repeat Clients and Vendor Referrals," with Dwight Galloway, CLP, LEAF Financial Corporation, Moderator (perhaps the last in the line doing "application only" up to $100,000, with brokers waiting in line to be approved to work with Dwight. The workshop also includes Brian Acosta, CLP, Best Practices Broker, whose company Matrix Business Capital is not only cutting up Southern California markets, but expanding across the country, even in this down economy.

Perhaps the best workshop is being held Saturday afternoon by the top small ticket funders who accept broker business, perhaps the only ones left in the major playing field today:

Justin Holmgren, U.S. Bank Manifest
Dwight Galloway, CLP, LEAF Financial Corporation
Charlie Ehlers, U.S. Bank Manifest Funding Services
Dave Anderson, Financial Pacific Leasing
Gary Souverein, Pawnee Leasing Corporation

"Ways to Become a Top Broker with Your Funding Sources" is their workshop, which alone, by itself, is worth the entire attendance fee; perhaps much more. Other excellent workshops, too! Register today!

Please go here for more information:
http://www.naelb.org/cde.cfm?event=251985



[headlines]

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

Leasing 102
by Mr. Terry Winders, CLP

Lease Documentation

The documentation of an equipment lease must follow the requirements of the Uniform Commercial Code (UCC). Perhaps the most important thing to understand is that two parties may enter into a contract to do just about anything. So long as the agreement does not cross any legal barriers both parties are expected to live up to the requirements of the contract. When a breach occurs (one or both parties fail to honor the contract) and a civil court action is required to settle the dispute, the contract, as written and signed, will be used by the judge to determine corrective action or penalties.

The contract must clearly state do's and don'ts, if the contract does not prohibit something, it is assumed the lessee has the right to do it. If the contract contains provisions that conflict with existing laws it is said to be "unenforceable." An example is, "If a contract claims to be governed by Article 2A, of the UCC, and then contains a provision that excludes it from 2A then the provision claiming to be governed by 2A is unenforceable (not illegal). "

The UCC, for Commercial transactions, is divided into Articles with each Article defining a type of business activity. Article 9 defines the requirements for money lending or secured lending. This Article acknowledges the borrower as the legal owner of the equipment and the lender as a lien holder. To "perfect" or record a lien the lender must file a recording document called a UCC-1. This UCC-1 must be filed in the State where the borrower has incorporated or registered to do business. If the borrower has an existing "blanket lien" (a lien on everything owned by the borrower) the new lender is restricted from having a first position and would be regulated to a secondary lien position in the case of a default. However, if the equipment is a new purchase and the lender has loaned the money to purchase it then Article 9 allows for a "Purchase money lien filing" that will have first lien position in front of the blanket lien holder providing the purchase money filing is filed within twenty days of the borrower taking possession. This twenty-day requirement starts with customer possession not signatures on loan documents. Therefore some record of delivery date needs to be retained in case of a court challenge in default.

Article 2A is for equipment leasing that is not a lending activity governed by Article 9. To distinguish the differences, the definition of an Article 2A transaction was published as an exception to a secured transaction and is found under the definition of a "Security Interest" as section (37). The reason for this article on leasing is to establish the rights of the Lessor as the legal owner of the equipment. In the case of a third party Lessor it establishes procedures for the Lessor to pass on to the lessee the supply contract; a term for the usual equipment performance guarantees and the warrantees from the vendor, seller. This limits the third party Lessor from responsibility for equipment performance or liability for non-performance, or injury, from malfunction.

To qualify as an Article 2A lease and be judged by the contents of 2A, the lease transaction must meet the definition or the qualifications in section (37). If the transaction fails then it is considered an Article 9 secured transaction and the Lessor must contend with the lien filing requirements of this article to maintain their lien position. Most Lessor's' file a lien-filing document called a financing statement also called a UCC-1 as a precautionary measure because under the law the filling of a UCC-1 cannot be used as evidence the Lessor considered the transaction to be a loan. There is no requirement for a lien filing in Article 2A because the Lessor is considered the legal owner. One difficulty presents itself when leasing non-titled equipment (personal or tangible property.) Without a lien filing, there is no location for a Lessor to post a notice that the lessee is in possession of equipment that the lessee does not own.

A potential purchaser finding no liens may assume the business asset is free and clear of all liens and the lessee has rights to sell it. This is one of the reasons for filing a UCC-1 or as some Lessor's do, put labels or notices on the asset itself, stating " This equipment is owned by ABC Leasing and may not be removed from this location without our permission. PH 123-456-7891." Still, in many cases when assets are sold with out Lessor knowledge and the buyers name is not recorded, many Lessor's have little recourse in default situations except to take the Lessee to court for selling non-owned assets.

More information on Documentation to follow in the next few Articles.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666. He invites your questions and queries.

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



[headlines]

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

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

Owner of North Hollywood Restaurant
Sentenced to Federal Prison For Tax Evasion

Los Angeles -The owner of Barsac Brasserie, a restaurant located in North Hollywood, was sentenced to spend 24 months in federal prison after previously pleading guilty to two counts of tax evasion for the years 2003 and 2004.

James Saliba, 59, of Los Angeles, appeared before United States District Judge Otis D. Wright who ordered that, in addition to prison, Saliba was to spend 3 years on supervised release upon completion of his prison sentence. Additionally, as a condition of his sentence, Judge Wright ordered Saliba to cooperate with the IRS in the determination and collection of all back taxes that he is liable for.

In his plea agreement, Saliba admitted that he failed to report all of Barsac's business receipts to the IRS for the years 2001 through 2005. To do this, Saliba underreported the gross sales of Barsac by using an account he called "Accrued Management Fees", into which Saliba recorded some of Barsac's sales. The effect this had on the gross receipts of the business was to artificially reduce the sales of Barsac that were reported to the IRS.

Additionally, Saliba admitted that he overstated expenses by writing corporate checks from Barsac to his wife, Lisa Long, and then deducting these payments as expenses on the returns for the restaurant. Saliba also admitted that he overstated Barsac's expenses by writing checks to "Cash", and expensing the payments as tips, paying a small potion of these negotiated checks to employees and skimming the balance for himself.

Saliba admitted that he willfully evaded income taxes for the years 2001 through 2005 by failing to report $1,921,646 to the IRS resulting in additional tax due of $442,905. In addition to the tax due, Saliba agreed that he was liable for the civil fraud penalty imposed by the IRS on the tax he owes, which is assessed at a rate of 75% of the tax due to the government. Including interest and the civil fraud penalty, Saliba agreed that he owed the IRS $938,257

In a related case, Irwin Petlak, who owned and operated a bookkeeping and income tax preparation business in Woodland Hills, pleaded guilty in 2007 to aiding in the preparation of a false tax return related to his conduct in the preparation of Barsac's and Saliba's income tax returns.

According to Petlak's plea agreement, Saliba hired Petlak to provide monthly bookkeeping services and to prepare business and personal tax returns. Petlak admitted that he created the false accounting entries using the Accrued Management Fees account to offset the legitimate sales of Saliba's restaurant, in order to hide the restaurant's true income from the IRS. Specifically, Petlak admitted that, in 2002, he placed $171,247 of the restaurant's business receipts into the Accrued Management Fees account and he listed a deduction for management consulting fees, paid to Saliba's wife, that were not reported to her on a Form 1099 or W-2. Knowing that both the amount paid to Saliba's wife and the amount included in the Accrued Management Fees account represented additional taxable income, Petlak prepared the 2002 personal tax returns for Saliba and his wife, failing to include these items. Petlak's failure to include the income on Saliba's return resulted in an additional tax due to the IRS of $40,346.

Judge Wright ordered Saliba to surrender to the United States Marshals Service and begin serving his sentence on December 29, 2009.

When sentenced later this year, Petlak faces up to 3 years in federal prison followed one year of supervised release and fines of up to $100,000. Petlak is scheduled to be sentenced on October 26, 2009.

The investigation and prosecution of Saliba and Petlak was conducted by IRS-Criminal Investigation in Los Angeles in conjunction with the United States Attorney's Office for the Central District of California.

[headlines]

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

News Briefs----

Goldman May Get $1 Billion if CIT Files for Chapter 11, FT Says
http://www.bloomberg.com/apps/news?pid=20601103&sid=ahFzCSZaqbTs

Securitization Down 20% Since Last Year
http://www.securitization.net/article.asp?id=1&aid=9264

Charge-Offs, Delinquencies Expected To Increase
http://www.creditcollectionsworld.com/article.html?id=20091002XW3EIU72&from=creditandcollectionnews

Greenspan says unemployment will top 10 percent
http://news.yahoo.com/s/ap/us_economy

FDI inflow crosses $100 billion mark (India)
http://timesofindia.indiatimes.com/news/business/india-business/FDI-inflow-crosses-100bn-mark/articleshow/5087913.cms

[headlines]

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

You May have Missed---

Geography of a Recession
http://www.nytimes.com/interactive/2009/03/03/us/20090303_LEONHARDT.html?ref=business

[headlines]

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

California Nuts Briefs---

Calif., state workers spar on Columbus Day Holiday
http://www.sacbee.com/topstories/story/2229292.html

[headlines]

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

Sports Briefs----

NFL Scoreboard
http://nytimes.stats.com/fb/scoreboard.asp

[headlines]

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

"Gimme that Wine"

Riesling Gains a U.S. Foothold --Eric Asimov
http://www.nytimes.com/2009/09/30/dining/reviews/30wine.html?adxnnl=1&ref=dining&adxnnlx=1254715965-I9og64HVtZsjiTY855Xnsg

California champagne goes organic
http://www.mnn.com/food/wine/blogs/california-champagne-goes-organic#

J. Lohr to Fund 500 Mammograms for Women in Need through Partnership with the National Breast Cancer Foundation, Inc
http://finance.yahoo.com/news/J-Lohr-to-Fund-500-Mammograms-bw-1988689972.html?x=0&.v=1

Carneros Harvest Passport October 17
http://www.napavalleyregister.com/articles/2009/10/02/wine/doc4ac551d265baf119673855.txt

Wine Prices by vintage
http://www.winezap.com
US/International Wine Events
http://www.localwineevents.com/
http://www.wine-searcher.com/
Winery Atlas
http://www.carterhouse.com/atlas/
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex) is an electronic exchange for fine wine.
http://www.liv-ex.com/

[headlines]

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

Today's Top Event in History

1852-A major boon to the agriculture industry was the patent of Lorenzo Lorraine Langstroth, a former pastor in Oxford, Ohio, for a beehive with removable frames. Langstroth's hive designed revolutionized beekeeping because it was the first that allowed bees to build combs on wooden frames that could be removed, stripped of honey and wax, and then replaced. His key discovery was the "bee space," the minimum air space that bees would not bridge with wax or bee glue. By setting up his frames at this distance, he prevented the bees from building connections between them. This allowed him to remove one frame at a time without damaging the adjacent frames, and enabled him to maximize the amount of honeycomb in the hive.
http://en.wikipedia.org/wiki/L._L._Langstroth

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

This Day in American History

    1646-A “Wolf bounty” was granted under authority of the General Assembly held at James City, VA. It was singed by sir William Berkely, Knight Governor, and provided that “what person soever shall after publication hereof kill a wolfe and bring in headoto any commissioner, upon certificate of said communication to the county court, he or they shall received one hundred pounds of tobacco for doing to be raised out of the County where the wolfe is killed.”
    1703-Birthday of famed Preacher Jonathan Edwards, born East Windsor, CT: an American Congregationalist clergyman, was the outstanding theologian and scholar of colonial New England in the 1700's, leader of the “Great Awakening.”. In his most famous book Freedom of the Will (1754), he upheld such Calvinistic doctrines as predestination. But he insisted that man had freedom to choose alternative courses when forces outside him "inclined" his will to choose.. He received A.B. and A.M. degrees from Yale University. In 1727, he was ordained and installed as assistant in the church of Solomon Stoddard, his grandfather, at Northampton, Mass. When Stoddard died in 1729, Edwards became pastor. The religious revival, a part of the Great Awakening, came to his church in 1734. His famous sermon, "Sinners in the Hands of An Angry God"(1741), was preached during his revival. Edwards ' discipline of young people for reading "immoral" literature and his refusal to give communion to unconverted church members caused dismissal in 1750. He then served as a missionary to the Indians in Stockbridge, Mass., from 1751-1757. Edwards became president of the college of New England (now Princeton) in 1758, but died later that same year when he contracted smallpox from an inoculation.
http://www.jonathanedwards.com/sermons.htm
    1717- the “Mississippi Bubble,” or “ Mississippi Scheme,” devised by John Law to promote and finance French colonization in Louisiana ruined thousands of investors The Duke of Orleans, regent of France, had encouraged and underwritten Law, a Scottish financier and speculator, to start a bank. Under the name of the Western Company ( also known as the Company of the West, “Comagnie D'Occident,” and the Mississippi Company), the bank gained control of all trade on the Mississippi River and issued paper money in excess of available security. (1720), Law, made controller general of finances, merged the huge stock company with the royal bank and took over most of the public debt and the administration of revenue. A rash of speculation swept France. Numerous small investors bought stock, which soared to heights far beyond what could be expected in returns from the exploitation of the colonies and from trade with East Asia. The bubble burst suddenly. Well-informed speculators sold their stock at huge profits, setting off a frenzy of selling that ruined thousands of investors. Very similar to the Dot.com experience of today. The collapse of the bank in 1720 ruined Law and caused great trouble in France. Although his financial scheme end in failure, it did promote colonization in Louisiana. Law died in 1725.
    1813 - The Battle of the Thames was decisive in the War of 1812. The U.S. victory over British and Indian forces near Ontario at the village of Moraviantown on the Thames River is known in Canada as the Battle of Moraviantown. Some 600 British regulars and 1,000 Indian allies under the command of Colonel Henry Procter and Shawnee leader Tecumseh were greatly outnumbered and quickly defeated by U.S. forces, an army of 3,500 troops, under the command of Maj. Gen. William Henry Harrison. The British army was retreating from Fort Malden, Ontario after Oliver Hazard Perry's victory in the Battle of Lake Erie. Tecumseh convinced Colonel Procter to make a stand at Moraviantown. The American army won a total victory. The British soldiers fled or surrendered. The Indians fought fiercely, but they lost heart and scattered after Tecumseh died on the battlefield. Richard Johnson probably killed the Indian leader. The Battle of the Thames was the most important land battle of the War of 1812 in the American Northwest. General Harrison's victory marked the end of Tecumseh's Confederacy and the downfall of the Indians in Ohio.
    1824-The birthday of Henry Chadwick, Baseball Hall of Fame sportswriter and innovator born at Exeter, Devon, England. Known as the “Father of Baseball” and later as “Father Chadwick,” he wrote voluminously about baseball, popularizing the game and protecting its integrity. He prefected the newspaer box score, served on the rules committee and devised the method of scoring games still in use. Inducted into the Hall of Fame in 1938. Died in New York April 20, 1908.
    1829- Birthday of the 21st president of the US, Chester Alan Arthur, born at Fairfield, VT, and succeeded to the presidency following the death of James A. Garfield. Garfield was shot July 2, 1881, as he entered the railway station at Washington, DC. He died September 19,1881, never having recovered from the wound. The assassin, Charles J. Guiteau, was hanged June 30, 1882. Arthur's term of office: Sept 20, 1881-Mar 3, 1885. He was not successful in obtaining the Republican party's nomination for the following term. June ,1884 the Republican National Convention nominated James G Blaine of Maine for the presidency on the first ballot. Gen. John A. Logan of Illinois was nominated for the vice presidency. The “Mugwumps,” the independent Republicans walked out of the national convention in Chicago, IL, when the party nominated James G. Blaine. They felt he would not support civil service reform. On June 16, they held a convention of their own in New York City, pleding support to the Democratic Party if a liberal candidate were named. The presidential election campaign of 1884 was fought mainly with attacks on the reputations of the rival candidates. The Republican candidate James G. Blaine, on the basis of letters he had written, was accused of having profited from the Credit Mobilier scandal involving the building of the Union Pacific Railroad. His opponents sang: “Blaine, Blaine, James G. Blaine, the continental liar from the state of Maine.” The Democratic candidate Grover Cleveland was accused of having fathered an illegitimate child, which in his forthright manner he admitted. The turning point of the election was most likely a remark made on October 9th by the Rev. Samuel D. Burchard in New York, in the presence of Blaine, that the Democrats were the party of “Rum, Romanism, and Rebellion.” Blaine did not disavow the remark, and the Irish-American Roman Catholics of New York were outraged. Cleveland carried the state by 1149 votes and thereby won the presidency. Cleveland received 219 electoral votes to Blaine's 182, but the popular vote was Cleveland 4,911,017 to Blaines' 4,848,334. Arthur died a broken man on November 18,1886.
    1852-A major boon to the agriculture industry was the patient of Lorenzo Lorraine Langstroth, a former pastor in Oxford, Ohio, for a beehive with removable frames. Langstroth's hive designed revolutionized beekeeping because it was the first that allowed bees to build combs on wooden frames that could be removed, stripped of honey and wax, and then replaced. His key discovery was the "bee space," the minimum air space that bees would not bridge with wax or bee glue. By setting up his frames at this distance, he prevented the bees from building connections between them. This allowed him to remove one frame at a time without damaging the adjacent frames, and enabled him to maximize the amount of honeycomb in the hive.
http://en.wikipedia.org/wiki/L._L._Langstroth
    1863- in an attempt to disrupt the Union blockade of Charleston Harbor, the Confederate semi-submersible "David" rammed the Federal ironclad "New Ironsides" with a spar torpedo This was the first successful Southern attack using a submersible craft. Although both sides experimented with submarine warfare during the Civil War, the results were far from encouraging, as the submarines caused more fatalities to their own crews than to the opposing side.
    1871- Celia C. Burleigh became the first woman ordained as a Unitarian minister. Her parish was in Brooklyn, CT.
http://www.uua.org/uuhs/duub/articles/celiaburleigh.html
    1871-The first woman ordained a Unitarian minister was Celia C. Burleigh, who was given a parish in Brookly, CT.
    1877- after a 1,700 mile retreat, Chief Joseph and the Nez Perce Indians surrendered to US Cavalry troops at Bear's Paw near Chinook, Montana. Chief Joseph made a speech historians consider a famous surrender message, " From where the sun now stands, I will fight no more forever."
    1897--Birthday of Dr. Florence Seibert - U.S. chemist. Dr. Seibert developed the process that removed bacteria from water in a single distillation - a process vital for safe injections and other medical uses. Until her process, water wasn't always safe for injection even after three distillations. She also perfected the first reliable test for TB that was adopted as the standard in the U.S. in 1941 and worldwide in 1952. She was tiny, weighing less than 100 pounds and was partially disabled from a childhood bout with infantile paralysis.
    1905- Helen Newington Wills (Moody) - U.S. tennis champion, one of the greatest of all times. She graduated from the University of California with a degree in Fine Arts Phi Beta Kappa (1928) as the reigning American woman tennis player.With her tremendous ground stroke teamed with amazing control and steely concentration, from 1923 to 1938 she won Wimbledon eight times - a record broken 50 years later by Martina Navratilova with nine wins. Moody won the U.S. Championship seven times and the French Open four times - and won two Olympic gold medals. She also won the doubles at Wimbledon three times and U.S. doubles four times. She dared appear in sleeveless blouses and knee length skirts without stockings. She was too powerful a figure in tennis to be disqualified, although there was movement for her to be declared ineligible for "immoral behavior." From 1926 to 1932 she did not lose a single set on American soil!
    1908- Birthday of Carole Lombard - U.S. film actor. She was the outstanding American film actor of light comedy of her time. Her popularity was still on the rise when she died in a 1942 plane crash during one of her many war bond-selling trips during World War II. She was married to Clark Gable.
    1918--ELLIS, MICHAEL B. Medal of Honor Rank and organization: Sergeant, U.S. Army, Company C, 28th Infantry, 1st Division. Place and date: Near Exermont, France, 5 October 1918. Entered service at: East St. Louis, Ill. Born: 28 October 1894, St. Louis, Mo. G.O. No.: 74, W.D., 1919. Citation: During the entire day's engagement he operated far in advance of the first wave of his company, voluntarily undertaking most dangerous missions and single -handedly attacking and reducing machinegun nests. Flanking one emplacement, he killed 2 of the enemy with rifle fire and captured 17 others. Later he single -handedly advanced under heavy fire and captured 27 prisoners, including 2 officers and 6 machineguns, which had been holding up the advance of the company. The captured officers indicated the locations of 4 other machineguns, and he in turn captured these, together with their crews, at all times showing marked heroism and fearlessness.
    1928- Bix Biederbecke cuts five sides with Paul Whiteman, Columbia-Okeh.
    1939-Perry Como records “ I Wonder Who Is Kissing Her Now” with the Ted Weems Band,Decca.
    1949-AC/DC lead singer Brian Johnson is born
    1950- You Bet Your Life” premiered on TV.. This funny game show began on radio in 1947 and moved to TV with Groucho Marx as host and George Fenneman as announcer and scorekeeper. Players tried to answer questions in the category of their choice, but Groucho's improvised interviews stole the show. Many unusual guests appeared, both professional and nonprofessional (including Phyllis OilIer and Candice Bergen, who would later become famous). Players could also win money by uttering the secret word, an everyday word suspended above the stage on a duck that dropped when the word was spoken. This was one of the few shows to be filmed, because the interviews needed to be edited. Two short-lived revivals of the series aired, with Buddy Hackett as host in 1980, and with Bill Cosby in 1992.
    1953 - The Yankees won their fifth straight World Series, a feat never before achieved in baseball history. They beat the Dodgers, 4-3, in the decisive sixth game of the series, and the Yanks chalked up their 16th world championship against only four defeats.
    1953 - Earl Warren, the former Governor of California and republican vice-president Candidates in the previous presidential election, was sworn in as the 14th chief justice of the United States, succeeding Fred M. Vinson.
    1955-Elvis Presley's "I Forgot to Remember to Forget Her," hits #2 on the Memphis charts. The Number One song is Johnny Cash's "Cry, Cry, Cry.
    1956- “Zane Grey Theater, “. Officially titled “Dick Powell's Zane Grey Theater,” this western anthology series was hosted by Powell and featured both stories by Grey and original telecasts. Powell occasionally starred in an episode. Guest stars included Hedy Lamarr (in her only dramatic TV role), Ginger Rogers, Claudette Colbert and Esther Williams. My father Lawrence Menkin wrote several of the episodes.
    1959- Bobby Darin's "Mack The Knife" hits #1 on the pop chart.
    1968- Cream's "White Room" and Steppenwolf's "Magic Carpet Ride" are released.
    1976 - Hall and Oates' second album, "Abandoned Luncheonette," which contained their original hit version of Tavares' #1 R&B tune, "She's Gone," is certified gold three weeks after its release.
    1986 - Eric Dickerson runs for an overtime-record 42-yard touchdown as the Rams defeat the Buccaneers 26-20.
    1987 - It was another day of scorching heat for the southwestern U.S. Afternoon highs of 102 degrees in Downtown San Francisco, and 104 degrees at Monterrey, established all-time records. The high of 101 degrees at San Jose was a record for October. Sacramento tied their record for October for the third time in the month, with a reading of 102 degrees. The high for the nation was 111 degrees at San Luis Obispo and Palm Springs. Twenty cities in the southeastern U.S. reported record low temperatures for the date, including Knoxville TN with a reading of 34 degrees.
    1991- Two albums by Guns N'Roses debut in the top two positions on the Billboard LP chart. "Use Your Illusion II" debuts at #1, while "Use Your Illusion I" hits #2.
    1993- The Beatles' "1962-1966" (The Red Album) and "1967-1970" (The Blue Album) are released on CD
    1999-Paul McCartney releases his first album since the death of his wife Linda in April 1998. Entitled Run Devil Run, the CD is a collection of rare rock oldies with new McCartney songs
    2001---Barry Bonds of the San Francisco Giants broke Mark McGwire's 1998 home run record when he hit the 71st homer of the season in a game against the Los Angeles Dodgers at Pazcific Bell Park. Later in the game, he hit another homer. The Dodgers beat the Giants, 11-10, eliminating them from the playoffs. On October 7, Bonds his one more homer to finish the season with 72. He also broke Babe Ruth's slugging record of .847 with .863.

World Series Champions This Date

    1942 St. Louis Cardinals
    1953 New York Yankees.

[headlines]

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

Baseball Poem

God Protects Fools with Curveballs

Going after her
Was chasing
A bad pitch,
A sharp curve
That tailed off
Into the dirt,
Evaded the end
Of my whirling bat.
Thank goodness
I only looked stupid
On the first strike.

Tim Peeler, Poet

from " Touching the Bases"

These come from a soft cover 128 pages
with index published by www.mcfarlandpub.com
He is a unique American poet.
He lives in Hickory, North Carolina

[headlines]

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

SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

http://leasingnews.org/Soduku/soduko-main.htm

[headlines]

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

Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

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

http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

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

Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

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

Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

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

[headlines]

Independent, unbiased and fair news about the Leasing Industry.
Ten Top Stories each week chosen by readers (click here)
Features


Bank Beat
Cartoons
Computer Tips
Fernando's Review
Leasing 102
Online Newspapers
Placards
Sales Make it Happen
To Tell the Truth
 

Editorials (click here)