News and notes from around the interweb:
- In Berlin you can rent the smallest house in the world for one euro a night (HT: Marginal Revolution)
- Saudia just did a $7.7 billion deal for 50 Airbus aircraft using entirely Sharia-compliant financing. Since the Koran bans interest, modern finance techniques must go through machinations to make interest appear as a return to risk. Large capital purchases like aircraft make this process easier. Duke economics professor Timur Kuran finds the more relaxed a country’s approach to such arrangements the stronger its economic performance.
- The moment a Queen’s Guard Soldier Lost it and Drew His Gun at an Annoying Tourist
- For more than twenty years, he flew to a different European city — every Wednesday. He never missed a week. And he never left the airport. (HT: Michael T.)
- Cronyism isn’t just for United, Delta, and American to try to shut out the big Middle East airlines from the US market (and Norwegian, too). Cathay Pacific and Hong Kong Airlines opposed Qantas starting up Jetstar Hong Kong and this week the local regulator denied the new discount airline’s application for service.