Word: sloop
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Dates: during 1980-1980
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...logbook of their 41-ft. sloop Kalia III, Patti Kamerer, 46, recorded "Anchor up!" on April 28 as she and her husband William, 55, left Fort Myers for a six-month "dream cruise" of the Bahamas. It ended on July 25 with another laconic log entry: "Moored at Pipe Cay." Six days later, Illinois State Representative Harry Yourell, 62, and Son Peter, 20, aboard their 25-ft. cabin cruiser, eased up to the Kalia III and made a grisly discovery: in a dinghy bobbing astern lay a bloated body. The yacht was riddled with shotgun pellets, smeared with blood...
...range of tax shelters is limited only by the ingenuity of the lawyers who often launch them. Donald Flynn, 44, who made a small fortune recently by selling his interest in a North Woodstock, N.H. data processing firm, now keeps the IRS at bay with his 42-ft.-sloop tax shelter He paid $40,000 down on the $150,000 vessel last November and then put it out for charter. The sloop must show a profit two years out of five, but in the years when it loses money, the losses, including interest payments, insurance and upkeep, are deductible from...