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December 7, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Storm recovery could spark boom in construction jobs in Northeast
    Infrastructure repairs, along with home building and repair, could generate about 30,000 construction jobs by 2014, with most of them in the Northeast, said Bernard Baumohl, chief global economist at The Economic Outlook Group. The number of jobs depends on the availability of funds that local governments can spend on repairs to damage caused by superstorm Sandy. Reuters (12/5) LinkedInFacebookTwitterEmail this Story
  • Small businesses remain hesitant to borrow
    Demand for financing among small-business owners did not change noticeably in the third quarter compared with Q1, according to a survey by Pepperdine University and Dun & Bradstreet Credibility. Thirty-two percent of businesses tried to get financing, while 63% said tight credit conditions restricted growth. The Huffington Post/The Associated Press (12/6) LinkedInFacebookTwitterEmail this Story
  • Icelandair places $1.2B order with Boeing
    Boeing says it will supply Icelandair with 12 737 MAX aircraft, worth $1.2 billion at list price. Icelandair has purchase rights for another 12 planes. The airline is funding the acquisition partly with bank loans. Reuters (12/6) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Debt ceiling becomes embroiled in "fiscal cliff" debate
    The president's authority to raise the debt ceiling has become part of the "fiscal cliff" debate in Congress, but little real progress is being made on resolving the budget standoff. According to a Quinnipiac University poll, respondents trust President Barack Obama and Democrats more on the budget talks than they do Republicans. Reuters (12/6) LinkedInFacebookTwitterEmail this Story
  • Major fund managers cut exposure to investment-grade debt
    Some of the biggest fund managers are scaling back exposure to investment-grade bonds amid concerns that yields on high-quality U.S. corporate debt are so low that there's no room for gains. Some fear that even a small increase in interest rates could trigger major losses, so they're shifting funds to European debt and the highest-yielding bonds. The Wall Street Journal (12/6) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • SEC lets actively managed ETFs use derivatives
    Norm Champ, director of the Securities and Exchange Commission's investment-management division, says the regulator will drop a blanket prohibition on use of a significant amount of derivatives by actively managed exchange-traded funds. Instead, the SEC will bar derivatives use to increase returns or deliver the inverse performance of an index, he said. Bloomberg (12/7) LinkedInFacebookTwitterEmail this Story
  • BoE holds quantitative easing and rates
    With the U.K. economy poised between growth and contraction and questions about the effectiveness of the Bank of England's quantitative easing, the central bank has decided not to extend the program. The BoE also decided to leave interest rates at a record-low 0.5%. BBC (12/6) LinkedInFacebookTwitterEmail this Story
  • SEC study: Debt issuers would be fine under money-fund revamp
    Cities, states and businesses that issue short-term debt would not be harmed by proposed money-fund rules, according to a study by the Securities and Exchange Commission. The study contradicts claims by the mutual fund industry that the rules would disrupt markets for short-term debt and hurt the economy. Bloomberg (12/6) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • What are you waiting for? Registration is open NOW for the 2013 Principles of Equipment Leasing and Finance Workshop!
    The ELFA Principles of Equipment Leasing and Finance Workshop is all about helping your employees become more valuable members of your corporate team. That means getting a full understanding of the basics of the business within the context of what is happening in the marketplace. That's the reason the agenda varies from year to year, to make sure the curriculum remains relevant.

    Three workshops are scheduled in 2013.
    • April 8 to 10 in Chicago
    • June 3 to 5 in Philadelphia
    • Sept. 9 to 11 in Woodland Hills, Calif. (near Los Angeles)

    View the brochure and register in the Events & Training section of ELFA's website. For questions, contact Alexa Carnibella at (202) 238-3416 or

    Can't make one of these dates?
    Hosting a workshop at your facility gives you flexibility and convenience to address specific learning needs of your employees, establish collective knowledge, create a shared skill set and achieve even your most challenging business goals. If you're interested in in-house training, contact Janet Fianko at (202) 238-3420 or LinkedInFacebookTwitterEmail this Story
  • ALERT: Calif. Electronic Waste Recycling Fee change is effective Jan. 1
    On Jan. 1, the California Electronic Waste Recycling Fee will change to $3, $4 or $5, depending on the diagonal viewable screen size of equipment. Lessors are responsible for collection on the sale or lease of a covered electronic device even if exercising the option for vendors to voluntarily collect and remit the fee. Covered devices include computer monitors, televisions, laptop computers and portable DVD players. Visit the California Electronic Recycling Fee page on the ELFA State Advocacy website for more information. LinkedInFacebookTwitterEmail this Story
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--Charles Buxton,
British brewer, philanthropist, writer and legislator

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