Wednesday, December 12, 2007

Babies Toys & Education - Multi-billion Dollar Niche

The niche market of newborns to three-year-olds is booming, with toys and educational materials developed for this sector now a $20 billion global industry.

We now spend an average of $1000 a year on toys and nursery products for the up-to-three-year-olds, according to market research company GFK Oztoys. The Australian market topped $1 billion this year - a 10 per cent growth in the past 10 months alone...

Interesting post, more from here

Zimbabwe's Inflation Results in Trillion Dollar House, Billion $ Bed

Zimbabwe's trillion dollar house, billion dollar bed

11 Dec 2007

A trillion dollar house, billion dollar bed and a million dollar beer. That and a severe cash squeeze are the latest sign of runaway inflation that has vexed consumers in President Robert Mugabe's Zimbabwe. A four-bedroom house with a pool and tennis court in Harare's leafy Glen Lorne suburb sells for about ZW$1 trillion, a whopping $33 million at the official bank rate but only $667,000 on a widely used black market.

Prices of household furniture, groceries and food and rentals have more than doubled in the past month...

Interesting article @ Reuters