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NEWT GINGRICH O.K., he put down the rebellion. But now he knows: even his buddies want to dump...

Author: /time Magazine | Title: Notebook: Jul. 28, 1997 | 7/28/1997 | See Source »

...million oz. of gold it had "discovered" were a hoax. That may not be all bad: investors don't have much use for the stuff anyway. Recently Australia, the world's third largest producer, confirmed the sale of about two-thirds of its holdings. The $1.87 billion gold dump followed sell-offs by Belgium and the Netherlands and reports that others would follow. Australia's sale sent the price sinking to $314.60 per troy oz., a 12-year low, before it recovered to $324. With production costs around $300 per oz., South Africa, the No. 1 producer, faces the loss...

Author: /time Magazine | Title: BIZ WATCH: Jul 28, 1997 | 7/28/1997 | See Source »

...authorities said. The island's 2,000 residents have been ordered to evacuate. The storm is currently located about 45 miles southeast of New Orleans and is expected to move across the Gulf then inland somewhere between Gulfport, Mississippi and Mobile, Alabama by Saturday. The Hurricane is expected to dump 10 to 20 inches of rain on the region and produce isolated tornadoes in some spots. After forming Wednesday morning in the north central Gulf, Danny built into a tropical storm Thursday morning. It drifted northeast and then came to a standstill about 110 miles southwest of New Orleans...

Author: /time Magazine | Title: Hurricane Danny Moves On | 7/18/1997 | See Source »

...glorious new era." At which point the New Yorker might ask what you think of the theory that New York City has given a grant to some down-on-its-luck former mill town to take in squeegee guys rather than become the site of a nuclear-waste dump. Or the theory that the squeegee guys are secretly rehearsing for cameo appearances at that Las Vegas hotel that features a mock-up of Manhattan...

Author: /time Magazine | Title: SMEAR WINDOW | 7/14/1997 | See Source »

...Goliath" situation. "There's a cynicism about government out here because it's so far away," says Gibbons. "Every state has its believers in black helicopters, but our real problem is that the rest of the country sees us as a solution to its problems. Everybody wants to dump their waste here, but Nevada is not America's wasteland." When Gibbons half jokes that his district represents "the hub of the world, the middle of everywhere," a nearby constituent nods with no apparent sense of irony...

Author: /time Magazine | Title: AUSTIN, NEVADA: CONSPIRACY, U.S.A. | 7/7/1997 | See Source »

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