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Schumpeter: New rules for schools

THE Bhandari Modern Public School can be approached only by technological downshifting. Full-sized taxis cannot penetrate the narrow, crowded streets, so you have to switch to a tuk-tuk. Soon the streets become alleyways, so you switch to a bicycle-rickshaw.The Brahmpuri slum in New Delhi is an energetic place, home to migrants, Muslims and other marginals.

Gazprom: Russia’s wounded giant

THE good times for Gazprom once seemed like they would never end. The world’s largest natural-gas producer, founded out of the old Soviet gas ministry, enjoyed sky-high gas prices for years. The gas flowed along pipelines into Europe; the profits flowed back. Gazprom began work on a $1.9 billion headquarters in St Petersburg and acted as a bottomless wallet for Russia’s rulers.

E-cigarettes: Vape ’em if you got ’em

The latest wheeze BETTING against an industry with addicts for customers carries obvious risks. But these are uncertain times for Big Tobacco. Electronic cigarettes, once dismissed as a novelty, now pose a serious threat. E-cigarettes work by turning nicotine-infused liquid into vapour, which is then inhaled.

Indian airlines: Open skies, bottomless pits

LAST September, when India’s government said it planned to let foreign airlines buy up to 49% of domestic carriers, the offer seemed as tempting as a stale chapati. India’s six largest airlines will post combined losses of $1.6 billion this fiscal year, predicts the Centre for Aviation, a Sydney-based consultancy, and have a combined debt of $13 billion. State-owned Air India, which accounts for most of those losses and debts, lives off government bail-outs while launching price wars that keep its rivals’ fares unsustainably low.

Reselling media content: Seconds to go

CALL it academic arbitrage. Supap Kirtsaeng, a Thai student who earned a PhD in mathematics from the University of Southern California, made as much as $1.2m with some basic maths. He asked friends and family to ship him cheap textbooks from Thailand, which he sold for a handsome profit in America. The books were intended only for sale in Thailand, and Wiley, a publisher of some of the textbooks he sold, sued him for copyright infringement in September 2008 and won.

SXSW interactive: Silicon Spring break

Pet me and I’ll scratch you THE queue to meet Grumpy Cat stretched round the block. The frowning feline (pictured) is an online sensation, with over 1.5m unique visitors a month to her website. She has a “meme agent”, of course, which she shares with Scumbag Steve, a young man who can’t put his cap on straight.

Intellectual property: Can you keep a secret?

THE conventional way to protect intellectual property is to patent it. This gives an inventor legal protection for his idea: if others want to use it, they must pay him. The snag is that he must publish his idea, making it easy for someone in a less lawful country to steal it.So a lot of companies are keeping their most valuable ideas under wraps. Alas, this is not foolproof, either.

The Lebanese diaspora: A tale of two traders

ON A recent flight from Beirut to Addis Ababa, Lebanese businessmen were swapping stories. “Business is excellent in Angola,” declared one. “I hear it’s good in Ghana?” inquired another. Flights out of Lebanon buzz with optimism.

The lift business: Top floor, please

LIFTS help prove the adage that what goes up must come down. The profits of the companies that make and install them, however, seem to abide by different rules. Four firms control two-thirds of the global market: Otis, part of America’s United Technologies; Kone of Finland; ThyssenKrupp, a unit of a German conglomerate; and Schindler, based in Ebikon, Switzerland.

The private space industry: Spectrum for spacemen

AS AMERICA’S chief telecoms watchdog, the Federal Communications Commission (FCC) is used to apportioning radio waves among earthbound companies. It also oversees spectrum for some satellites. Now it is heading farther into space. Julius Genachowski, its chairman, is expected shortly to announce a plan that carves out specific radio spectrum that can be used for private rocket launches.This business is now starting to take off. SpaceX, whose Dragon spacecraft is resupplying the International Space Station, already has five launches of its Falcon 9 rocket under its belt.

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