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Visiting a stall that serves bhelpuri - a mix of puffed rice, dough, tomato and coriander that is the quintessential Mumbai snack - I find that the price has gone up from 37 rupees a plate to 42 (about $1), in line with the current inflation rate of 12%. I ask the manager of the stall if sales have slowed down at the higher price. He thinks this is funny, and he shares my question with his workers; they think it's funny too. One of them explains: "If you were happy to pay 37 rupees for a plate of bhelpuri...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

When I get to my apartment, I find Suman, the maid who does the cleaning in my building, waiting outside the door. The price of lentils, a key component of most Indian meals, has surged in the past few months. She hasn't been able to increase her rates yet, so she has had to take an additional cleaning job to make sure there is enough food at home. She will have to leave my apartment sooner every day; she hopes I will not dismiss her for this...

Author: /time Magazine | Title: The Burden of Inflation | 8/13/2008 | See Source »

...domination has come at a price. In China's state-run sports system, coaches trawl the countryside looking for children with suitable physiques for every sport. Once kids enter elite athletic schools like these, they rarely see their parents and the extensive training often takes precedence over academics. Divers have to be recruited particularly early - sometimes as young as age six - before they develop a fear of heights and so that their bodies can be molded into the ultimate water-piercing missiles...

Author: /time Magazine | Title: Another Golden Day for China's Divers | 8/11/2008 | See Source »

...Spain ride the momentum through Beijing? Secretary of state for sports Jaime Lissavetzky told a press conference he considers the recent success "a good omen for the Olympics." Certainly Spain will be among the favorites in basketball and tennis. "Rafael will pay a price for so many recent tournaments," says Toni Nadal. "But the Olympics brings the best players, and their high level of play brings out the best...

Author: /time Magazine | Title: Spain's Sporting Supremacy | 8/8/2008 | See Source »

...washing someone's cow, and his friends wanted to walk five miles to the only black-and-white TV in town to watch something called the Olympics. Lomong had never heard of such a thing. When his crew finally arrived, he had to pay to see the tube. Price: 5 shillings...

Author: /time Magazine | Title: The Flag Man Stands Down | 8/8/2008 | See Source »

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