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October 3, 2012
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Daily news for the equipment finance sector

  Industry News 
  • August brought 0.6% decline in construction spending
    A 0.6% drop in construction spending in August compared with July indicates that the "industry has definitely lost some of the momentum it had earlier this year," said Stephen Sandherr, CEO of the Associated General Contractors of America. "With the exception of the lodging sector, many businesses are retreating from the levels of construction spending we saw in the spring and early summer." However, spending in August increased 6.5% compared with August 2011. ChainStoreAge.com (10/1) LinkedInFacebookTwitterEmail this Story
  • Group: Rail industry to invest $23B using private funds in 2012
    The freight-rail industry is poised to invest $23 billion using private dollars for infrastructure enhancement this year "so taxpayers don't have to," said Edward Hamberger, president and CEO of the Association of American Railroads. "These investments ... help keep American businesses competitive in the global marketplace, while supporting not only railroad jobs but also supporting jobs throughout the economy." Among projects covered by such investments are intermodal terminals, bridges, tunnels and tracks. RT&S online (10/1) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Positive reading for U.S. manufacturing may not last
    Coming after a long string of purchasing manager indexes painting a picture of manufacturing contraction around the world, the positive PMI reading of 51.5 for September sets the U.S. apart. But analysts are wary, noting a series of upcoming challenges that could rapidly turn numbers negative, including the impending threat of tax increases posed by the so-called fiscal cliff. The Wall Street Journal/Real Time Economics blog (10/1) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  ELFA Member News 
  ELFA News 
  • Don't delay! Oct. 9 deadline for annual convention
    Oct. 9 is the last day to register for the ELFA 51st Annual Convention and still be included on the attendee roster distributed on-site. Registration will still be honored after this date, but the attendee's name will not be included in the printed roster. Register! LinkedInFacebookTwitterEmail this Story
  • Be your best from your desk: 50% discount on ELFA Academy online courses!
    Learning has never been easier or more affordable! Sign up for Fundamentals of Equipment Leasing and Finance, Financial Statement Analysis OR Should You Do the Deal: Case Studies in Equipment Leasing and Finance and receive half-off registration!

    Visit the ELFA Academy. To receive the discount on the Fundamentals course, enter discount code ELFAPROMO11. To receive the discount on the Financial Statement Analysis or the Should You Do the Deal course, enter discount code ELFACREDIT.

    For questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
There is nothing so agonizing to the fine skin of vanity as the application of a rough truth."
--Edward Bulwer-Lytton,
British politician, poet, playwright and novelist


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