Word: sentineled
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Dates: during 1980-1989
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Observers say the campaign in Florida has been largely devoid of issues, with Glenn and Mondale badgering Hart, and Hart sticking to his "new ideas" theme. Says Donna Blanton-of the Orlando Sentinel, "the average Democrat here doesn't know anything about where they stand. Hart's rise has a lot to do with his image as a young, new, fresh face...
...lead in the polls notwithstanding, Mondale still has not generated much intensity among voters. "He's being too cautious," says Pat Butler, an editor of the Fairmont (Minn.) Daily Sentinel. "If he doesn't get more specific, he might blow it." As the debate showed, Mondale has some hard questions to answer, such as how he really plans to reduce the deficit and pay off all those promises to interest groups. His high perch is fragile. Beneath him, the hounds are milling and jumping, barking to be heard. -By Evan Thomas. Reported by Hays Gorey/Washington and Christopher Ogden...
Eight accounting firms, audited financial statements for both Sentinel companies. Said Ray Le Flore, an attorney for Barr Bros., a New York bond dealer that invested some $600,000 with Sentinel: "The offering circular would never have caught the attention of anybody at this level but for the good company in which it was viewed...
Ralph Engelstad, owner of Las Vegas' Imperial Palace casino, did extensive financial homework before investing $2 million, by having his accountant Ira Bradshaw carefully scrutinize the Sentinel offering. Said Bradshaw: "From every possible angle it seemed a viable investment...
Engelstad and the other Sentinel clients could see their tax deductions turn into nightmares if the defendants are convicted and the write-offs are disallowed. Although the Sentinel customers do not face any criminal liability, the Internal Revenue Service could force them to cough up back taxes. The investors, who have already lost some of their principal, could owe the IRS as much as $65 million, or half of the $130 million they thought was protected in a tax shelter...