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Headlines--- Pictures
from the Past---1995---Ann Goodwin Classified
Ads---Outsourcing---Help Wanted EAEL
Holiday Party—Saturday December
14 Fed
Text of Statement on Interest
Rate Policy M&I
First National Changes Direction Financial
Services Forum Supports John Snow
Kathryn
Jackson New Managing Director
of BofA Leasing Credit
Deterioration Slows For U.S. Investment
Grade Sector Survey
sees Some Optimism for Next Year DSL
Popularity Accelerates as Gap
Widens in Broadband Race
E-mail
overload a myth, study says ### Denotes Press
Release --------------------------------------------------------------------------------------------- Archive Down Our “Archive Section” is under re-construction. It has exceeded 100mb. Due to its size, we had to move to another server to keep
the main server “lean” to load faster for readers. We did not plan on the
Pictures in the Past archive section taking up so much space. We have three separate servers in order to
provide a fast “download.” The search feature is also being reconfigured. We hope to have the Archive section up and running by the
end of this week. It requires a complete “link” reconfiguration. Thank you for your patience. Kit Menkin -------------------------------------------------------------------------- Pictures from the Past---1995---Ann Goodwin
Ann Godwin, Sales representative, LeaseTeam, Inc. -------------------------------------------------------------------------------------------------- Classified Ads---Outsourcing---Help Wanted Sales: National: 7 offices Medical & IT/ plus. Seeking
professionals w/solid book of
business & high ethics. Exceptional
support & commissions. Expenses
paid. 616-459-6800 Email: gsaulter@chaseindustries.com
"UAEL" Sales:Warminster, Bucks County, PA. 18 yr old, prof. lessor seeks net PVP motivated sls pros.
Top funding & backroom capabilities. email:sbrown@capitalinnovations.com"NAELB" Sales: Small ticket leasing reps, General equip. Vendor leads
are provided. Great comp plan,
Draw and Benefits. (6)nationally
(3)in the NE Fred St Laurent freds@bwresults.com ------------------ Backoffice: Northbrook,
IL Our staff of CPA's and lease professionals can handle any
or all portfolio responsibilities
incl. portfolio mgmt, invoicing,
sales/property/income tax, accounting,
etc. Email:ngeary@edwinsigel.com Back office: San Rafael, CA We can run your back office from origination to final payoff.
30 years experience in commercial
equipment lease and loan portfolio
management. Email:gmartinez@phxa.com Back office: Portland, OR Tired of paying and training a documentation person? Cut
your expense and try outsourcing.
Ideal for any part of the USA
Call for information 503-492-3183.
Email:Trina.Drury@verizon.net Backroom: All Locations Are you a broker or a rep for a major lessor? Want to just
market and leave the backroom
an packaging functions to us?
Call us. Email:nationalbusinesscredit@yahoo.com Broker Representative: Minneapolis, MN Reseller of mid-range UNIX computer hardware/interested in
acquiring your end of lease HP,
IBM, Cisco and Sun system. Contact
Terry Larson at 763-475-5303.
Email:terry.l@altatechnologies.com Collector: Near Boston, MA My name is John Kenny. I have 14 years experience in leasing
collections. I currently offer
outsourced services to clients
nationwide on a contractual, contingency
basis.Email:ReceivablesMgmt@prodigy.net Collector: Fountain Valley, CA Commercial Collector with a track record of collecting lost
leasing deposits and advance payments
on unfunded deals. If you have
been burned, we are the ones to
call. 1-888-278- 0658 ext. 233.
Email:jcasperson@omniusco.com for full list of outsourcing ads: http://65.209.205.32/LeasingNews/JobPostingsOutsourcing.htm To post a free “Outsourcing Ad:” http://65.209.205.32/LeasingNews/PostingFormOutsourcing.asp EAEL Holiday Party—Saturday December 14 Eastern Association of Equipment Lessor Holiday Party http://www.eael.org/event_calendar.htm#Holiday --------------------------------------------------------------------------------- Two Ducks Fly United United Airlines' bankruptcy filing Monday came with some
surprising news: The company is
losing money three times faster
than estimated -- some $20 million
to $22 million a day -- ensuring
that wage cuts and layoffs are
likely to come sooner and be bigger
than expected, experts say. --------------------------------------------------------------------------------------- Fed Text of Statement on Interest Rate Policy The Federal Reserve left a key interest rate unchanged at
a 41-year low Tuesday, giving
consumers and businesses more
time to take advantage of rock-bottom
borrowing costs to help the economy
snap out of its listless state. Millions of out-of-work Americans, a bumpy stock market and
economic uncertainties are motivation
enough for the Federal Reserve
to keep short-term interest rates
at 41-year lows for a while, economists
say. Following is the text of a statement released by the Federal
Reserve yesterday after the Fed's
monetary policy panel, the Federal
Open Market Committee, voted to
leave the benchmark rate unchanged: The Federal Open Market Committee decided today to keep its
target for the federal funds rate
unchanged at 114 percent. The
committee continues to believe
that this accommodative stance
of monetary policy, coupled with
still robust underlying growth
in productivity, is providing
important ongoing support to economic
activity. The limited number of incoming economic indicators since
the November meeting, taken together,
are not inconsistent with the
economy working its way through
its current soft spot. In these circumstances, the committee believes that, against
the background of its long-run
goals of price stability and sustainable
economic growth and of the information
currently available, the risks
are balanced with respect to the
prospects for both goals for the
foreseeable future. Voting for the F.O.M.C. monetary policy action were Alan
Greenspan, chairman; William J.
McDonough, vice chairman; Ben
S. Bernanke, Susan S. Bies; Roger
W. Ferguson Jr.; Edward M. Gramlich;
Jerry L. Jordan; Donald L. Kohn,
Robert D. McTeer Jr.; Mark W.
Olson; Anthony M. Santomero; and
Gary H. Stern. ------------------------------------------------------------------------------------------- M&I First National
Changes Direction M&I First National Leasing Corp. of Milwaukee, Wisconsin
recently closed four offices in
the states of Texas, Tennessee,
Georgia and New York. The sales
representatives located in these
offices will be provided with
severance packages based on their
tenure with the company, according
to President Tom Podewils.
" We will be concentrating our efforts on the Midwest,
“ he explained. “This is not a
cut back but a change in direction
that will allow us to focus our
resources on those areas that
have provided us with the most
success." One of the salesmen let go told Leasing News he received
eight weeks severance and his
last day will be next week. He was offered to re-locate, but did not want
to move his family. He also said
he wanted to get out of the leasing
marketplace and make a better
living doing something else. What
that was, he did not know at the
time. He is looking at this event
in his life as a “perfect time”
to spend with his family over
Christmas, he told Leasing News. (He did not want us to use his name). “ We want to concentrate on where our bank has its presence,
to serve their customers, to attract new customer to the bank, “ President Tom Podewils said. “" We are
growing and will focus on the
upper Midwest where will be looking to add new sales representatives in the Michigan/Ohio
area
and the Missouri market." M&I FNL grew from $350 million with $10.3 million in
revenues to $390 million with
$13.2 million in revenues from
2000-2001. They operate as a general equipment, middle
market lessor with transactions
in the $250,000 to $5 million
range with support from their
parent, the Marshall & Ilsley
Corp., a $30 billion Midwest based
bank holding company. The credit department consists of 2 analysts, an administrative
assistant and a credit manager
to support the activities of 15
sales representatives covering
the states of Minnesota, Iowa,
Wisconsin, Illinois, Pennsylvania
and Arizona. " We believe our growth over the years is a result of
the quality of the people, products
and services that we deliver to
the marketplace," Podewils
said.
"We have been a member
of the ELA for nearly forty years and have benefited greatly from that association
in terms of adapting to the changes
in the industry." Thomas P. Podewils President M&I First National Leasing Corp. 250 E. Wisconsin Ave. Milwaukee, WI 53202 tom.podewils@micorp.com -------------------------------------------------------------------------------------------- Financial Services Forum Supports the Nomination of John
Snow for Secretary of the Treasury US Banker Magazine The Financial Services Forum, a group of CEOs from some of
the largest financial services
companies, says it is supporting
President Bush's nomination of
John Snow as Treasury Secretary.
The group called Snow exceptionally
well qualified to lead the Department,
citing his experience as a corporate
leader, strong business ethics,
and service as Deputy Undersecretary
of Transportation. "Jack Snow brings
a wealth of experience in both
the public and private sectors
and has strong leadership skills
that the financial community widely
respects," says William Harrison,
Chairman of the Forum and CEO
of J.P. Morgan Chase in a statement.
The CEOs of Bank of America, The Bank of New York, Citigroup, FleetBoston, and Wachovia
are members of the Financial
Forum. ------------------------------------------------------------------ Kathryn Jackson Appointed Managing
Director of Bank of America
Leasing Kathryn Jackson has been appointed
Managing Director of Bank of
America Leasing effective January
6, 2003. Kathy, formerly an executive at
GATX, will be running Bank of
America Leasing's syndication
business and will oversee their
managed portfolios. She will report to the new head of Bank of America Leasing, |
