Kit Menkin’s Leasing News  www.leasingnews.org 

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   Help American     Liberty.org

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Sterling National Bank Appoints  Michael E. Evans

                    -------New Equipment Leasing Division Head

Leasing News Advisory Board to Be at San Antonio Conference

 FedEx Ground Expanding FedEx Home Delivery Service

   Striking a Serious Tone  ( positive results from Sunday Sermon )

       Equipment Leasing Association Lease/Rental Work Group        

            eMarket Capital Alliance w/  Kern International   for Equipment Financing

                  Diesel Engine Sales Picking Up in U.S. Truck Market

                            Management Stock Purchase Announcements

                                    Phase2e and Financial Fusion/ Millennium Bank

                                        Tony Lombardi Joins Madison Capital

                                                          Donations

 

New Virus: <Peace BeTween AmeriCa And IsLam>

 

BUSH CONTEMPLATES NATIONAL ID CARD FOR ALL CITIZENS

         Drudge Exclusive Report

 

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“He left the tech field, got into leasing, then got into software,

and now is back in the hills of Prescott. A real even tempered,

nicest guy and his wife are the nicest people you will ever meet.”

 

Jim Merrilees

jimm@firstcorp.com

 

   Whatever Happened to....this Thursday.

 

#### denotes press release

 

 

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Hey, American Express Business Finance

 

  We haven't forgotten. Insiders at AMEX state they

  have bigger fish to fry than Mr. Depping right now.

  News at 11.

 

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Leasing News Advisory Board to Be at San Antonio Conference

 

Joanie Dalton, Executive Director, United Association of Equipment Leasing,

has invited us to set up a table near registration.  Your editor or one of

the Leasing News advisors will be available at the San Antonio Conference.

This is your chance to tell us in person what you like, don’t like, what

more we can be doing, or ask us a question.

 

We are not going to have sign up sheets, although Jim Raeder of Capital Werks, has requested a specific time.  Several of our advisors, who will also take a shift to meet our readers face-to-face.

 

 

Bob Baker, Wildwood Financial, St. Louis, MO

Steve Crane, Bank of the West, Walnut Creek, CA

Phil Dushay, Global Leasing, New York, NY

Steve Geller, Leasing Solutions LLC, Wesley Hills, NY

Mike Graneri, Graneri and Associates, Miltown, NJ

Ken Greene, Attorney, Greenbrae, CA

Bruce Kropschot, Kropschot Financial Services, Vero Beach, FL

Charlie Lester, LPI Financial, Marietta, GA

Bob Rodi, LeaseNow, Warrendale, PA

Bob Teichman, Teichman Financial Training, Sausalito,CA

Andrew Thorn, Thalman Financial, Apple Valley, CA

Rob Yohe, Yohe and Associates, Stilwell, KS

Ginny Young, Brava Capital, Orange, CA

 

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FedEx Ground Expanding FedEx Home Delivery Service

  

  Despite the fall off in business,  FedEx Ground, a subsidiary of FedEx Corporation (NYSE: FDX), will open   63 additional FedEx Home Delivery terminals throughout the United    States on September 25 to expand the service's geographic reach to 80   percent of the U.S. population. FedEx Ground will co-locate 56 of the   new FedEx Home Delivery terminals with existing FedEx Ground   facilities to optimize its network.

 

When the times get tough, the tough get going.

 

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Striking a Serious Tone

 

 

I don't think that I've ever commented publicly on one of the Sunday

Sermons.  The one by Bob Teichman struck me as did the controversy over

comments last week regarding Christians and Jews and who was, or was not

qualified to get into heaven.  I try to stay out of religious diatribes as

those are generally arguments that can't be won without the various sides

resorting to bloody conflict.

 

What occurs to me, however, is that a lot of people died September 11th and

I especially think about the people on the plane that crashed near here in

Somerset, PA.  Of the names we've heard from that plane, I am fairly certain

that Jeremy Glick was of the Jewish faith or Jewish descent, Burnett was

Catholic, Beamer was a Christian, and from all reports, it is fairly obvious

that the terrorists were Muslims.  They all died together and if you believe

that there is an Afterlife (I personally do) then all of those mentioned

above, along with countless others, showed up at their version of the Pearly

Gates within close proximity of each other. 

 

I can't help but wonder, if at those initial moments in the Afterlife, the

conflict for which they all struggled and died still meant as much to them

as it did during their last moments in the physical world.  I am fairly

certain that it did not. And when those souls realized where they were,

after that plane crashed, I am sure that they all appeared the same to each

other, stripped of the cover that led them to believe they were so different

from each other only moments before.

 

This whole thing has prompted me to observe my 5 beautiful children more

closely. They range in age from 3 to 16.  Even the older ones haven't

learned the full measure of prejudice and contempt that we adults can have

for one another.  As a result of this realization I have resolved that I

will spend more time learning how and why physical attributes, religious

beliefs, and political beliefs, don't mean enough to children to make a

person your enemy before you at least try to make them your friend. 

 

I hope they can help me remember what it is that I may have forgotten.

 

Bob Rodi

President

LeaseNOW, Inc.

drlease@leasenow.com

www.leasenow.com

1-800-321-LEAS (5327)x 101

 

 

I found your Sunday Sermon article extremely interesting and timely.  It

contained many facts that I was not aware of.  Thank you for the education.

 

With regards to your many complaints about "name withheld"; I believe the

primary reason to withhold one's name is to avoid litigation and not a

question of courage.

 

I enjoy the Leasing News.  Keep up the good work.

 

Ross

ROSS L GUILFORD <ross.guilford@gte.net>

 

`````

 

Some people can't stand the truth!!!!!!! Historical data is the truth!!!!!

 

"Richard W. Madera"

 richwm@mninter.net

 

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Heard it before but bears repeating!

 

Steve Fix

LeaseSource, Inc.

Equipment, software, and website leasing for business

Tel: 770 395 0140  or  800 422 8328

 

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Excellent Sunday sermon. Thank you

 

Carl Rubin

crubin@cfl.rr.com

ComCo Equipment Leasing Group Inc.

407-629-7677

 

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I'm not Jewish or Arabic or Muslim or Palestinian...

 

But was enlightened by the Sunday message.  Very educational.  You always

hear so many things happening on the news in the middle east and frankly it

becomes a blur and hard to understand.

 

Thanks for the insight,

 

Jeff Beier

North American Capital

(949)425-0259 PH

(949)425-0211 FAX

 

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I LIKE THE SUNDAY SERMON AND THE HISTORICAL FACTS, KEEP UP THE GOOD WORK

 

JACK OLMATEAD

JACKO@MISHAWAKALEASING.COM

 

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An interesting comparison would be between the feeling of the citizens of the

US today versus 1969/1970. I remember being in my dorm room when the draft

numbers were pulled. What an unusual time that was.

 

Now the people are for this conflict, with the exception of Berkley and

Harvard. I wonder if us who are 50ish can remember back to those times and

give some advise to the kids of today.

 

Vince

Vlease@aol.com

Merrimac Leasing 

 

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Equipment Leasing Association Lease/Rental Work Group

 

Following cancellation of the Lease/Rental Work Group meeting in the

aftermath of national events the Streamlined Sales Tax Project (SSTP) is

renewing work on lease and rental issues.  Two versions of the lease and

rental definition are being re-distributed for industry comment in the

following attachments.  One version of the definition will be sent to SSTP

no later than October 5.

 

Please share with ELA by return email your preference of one over the other

and suggested revisions.  Also, indicate additional issues such as

sale-leaseback that you believe the work group should tackle in the future.

 Comments may also be sent directly to work group leader Scott Peterson,

Business Tax Director, South Dakota Department of Revenue at

scott.peterson@state.sd.us.

 

Dennis Brown <DBROWN@ELAMAIL.COM>

 

 

 

DEFINITION OF LEASE OR RENTAL

 

To be inserted in Agreement, Section 312.  Definitions.

 

LEASE or RENTAL

 

Lease or rental means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration.  A lease or rental may include future options to purchase or extend.

1)     Lease or rental does not include:

a)      A sale;

b)     A sale under security agreement or deferred payment plan for a predetermined amount that requires transfer of title;

c)     A sale with a nominal option to purchase upon completion of required payments and the option payment does not exceed $100 or 1% of the contract price, whichever is less;

d)     Transfers or sales for the purpose of sublease or sublet;

e)     An agreement to provide tangible personal property for a fixed or indeterminate period of time along with an operator.

 

2)     Lease or rental does include:

Agreements covering motor vehicles and trailers where the amount of consideration may be increased or decreased by reference to the amount realized upon sale or disposition of the property as defined in 26 USC 7701(h)(1).

 

3) Characterization of Transaction for Other Purposes:

            The definition provided in this section shall be used for the purposes of this chapter regardless if a transaction is characterized as a lease or rental under generally accepted accounting principles, the Internal Revenue Code, the [state commercial code], or other provisions of federal, state or local law.

 

This definition will be applied only prospectively from the date of adoption and will have no retroactive impact on existing leases or rentals.

 

 

 

DEFINITION OF LEASE OR RENTAL

 

To be inserted in Agreement, Section 312.  Definitions.

 

LEASE or RENTAL