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...first $40,000 installment in hand, Garrett had to pay off fines and reimburse San Diego County for five years of welfare payments. Soon after, he was arrested in his newly purchased Buick Skylark along with two passengers, one of whom had just sold 8 oz. of cocaine to an undercover narcotics agent. Facing narcotics and firearm charges, Garrett must stand trial next month for allegedly stealing two bottles of cognac from a liquor store. The unlucky winner did manage to make bail by pledging $80,000 as security -- from his future lottery payments...

Author: /time Magazine | Title: California: Win Some, Lose Some | 10/13/1986 | See Source »

...weight alone (3 lbs. 7 1/2 oz.) would seem the right heft for a doorstop and the wrong one for a best seller. But King has become a brand name himself, and his publishers ordered a supernatural first printing of 800,000 copies -- and then demanded five additional printings, for a current total of 1,025,000 copies. When an author receives that kind of recognition, two factors are at work: his skills and the vitality of his genre. King, who regards It as a "very badly constructed book," may be a little too hard on himself. But the frightful...

Author: /time Magazine | Title: Books: King of Horror | 10/6/1986 | See Source »

...rush of '86 is considerably different from that of the late 1970s and early 1980s. Back then, when the price of gold soared to $850 per oz., dozens of small operators and thousands of individual prospectors jumped into the hunt. Most of those revenants of the sourdough era have since disappeared in an industry shake-out that began in the early 1980s, as the value of gold headed downward. The boom is now mostly confined to large, well-financed firms that were initially attracted by gold's higher price. With gold currently selling at more than $400 per oz...

Author: /time Magazine | Title: New Glitter for American Gold | 9/15/1986 | See Source »

...carving out a 1,100-acre open-pit site. When it begins full operation in October, the Carson Hill venture will be the first commercial gold mine to open in the Angels Camp area since 1950. The company's general manager, W.B. Williams, expects to cull only .046 oz. of gold per ton of ore mined. But, says Williams, "if prices go down, we still make a profit...

Author: /time Magazine | Title: New Glitter for American Gold | 9/15/1986 | See Source »

...continue to see a bonanza in more traditional methods. About eleven miles southeast of the Carson Hill site, Canadian-backed Sonora Mining has invested $85 million to build the largest conventional gold-processing mill in North America, due to open early next year. Sonora hopes to excavate 2 million oz. of gold from the hills around Jamestown (pop. 950), a sleepy settlement born during the 1849 gold rush...

Author: /time Magazine | Title: New Glitter for American Gold | 9/15/1986 | See Source »

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