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...even in a place where consumer spending never before existed, the rules of the market economy suddenly kicked in. And the explosive growth in the money supply, combined with pent-up demand, led to another economic phenomenon: hyperinflation. Cigarettes sold for as much as one million pesos a pack. A roll of toilet paper cost 100,000 pesos, or $34. Suárez recalled a bidding war that broke out over a transistor radio that finally sold for the equivalent of $12,000. Some of the troops, intent on spending every waking hour looking for money, bought their...

Author: /time Magazine | Title: In Colombia, A Bungled First Rescue Attempt | 2/17/2010 | See Source »

...Canadian Olympic machine, Jackson's jocks had better deliver. What will happen if they don't fulfill his gold guarantee? "I'm going to try to find the quietest little island," says Jackson, "so that no one can find me." Surely, Canada would want to take out its pent-up aggression...

Author: /time Magazine | Title: Why Canada Wants to Kick Olympic Butt | 2/1/2010 | See Source »

...overall sentiment will begin to lift, making way for slight increases in consumer spending," said Rosalind Wells, NRF's chief economist. Although shoppers will continue to be "frugal," - yes, even she expects it - retailers will benefit from leaner, smarter inventories and a year and a half of pent-up consumer demand, Wells says. Retailers should also reap the benefits of low inflation and a slowly improving housing market, she says. (See how Americans are spending...

Author: /time Magazine | Title: Retail Outlook: More Bargain-Seeking Shoppers | 1/28/2010 | See Source »

...Series models. This flexible approach has paid off for BMW, which finished the year as the top seller of luxury cars in the country. The competition, however, is good for everyone, says Kronschnabl, who expects the luxury market will more than double in size by 2015. "There's still pent-up demand," he says. "Everyone's growing, nobody's losing...

Author: /time Magazine | Title: Foreign Luxury Cars: Picking Up Speed in India | 1/12/2010 | See Source »

...projects exploded in rioting in October 2005 over dizzying unemployment rates, racial discrimination and a perceived exclusion from wider French society. When the deaths of two minority youths fleeing police in nearby Clichy-sous-Bois sparked violence there, residents of housing projects in Aulnay and beyond followed suit, venting pent-up rage by torching cars, vandalizing property and battling riot police for 20 straight nights. Ever since, most of France has viewed towns like Aulnay as being synonymous with restless youth and crime...

Author: /time Magazine | Title: After the Riots, a Grammy Nod for a French Town | 12/27/2009 | See Source »

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