Since last spring, Mr Ayling has also been cutting capacity, anticipating a downturn.

ECONOMIST: Ayling��s failings

They are hoping this season's version has a happier ending, although City will have to develop a greater cutting edge in front of goal and overcome a capacity for making life hard for themselves to achieve that.

BBC: Manchester City 1-1 Blackburn

The recent issue was a lack of capacity to produce cutting-edge parts with features just 28 nanometers wide, parts targeted at high-end smartphones.

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The result was a capacity glut, ferocious competition and frantic price-cutting.

ECONOMIST: How much longer can things go on getting worse?

We can much better help families like the Lihns and their daughter if we have a vibrant health sector that stays on the cutting edge of innovation and has the resources and capacity to care for the most vulnerable.

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We could, of course, prevent such a move by--unilaterally, if necessary--imposing a blockade against Iran, cutting off its critical gasoline imports: Thanks to its lack of refining capacity, 40% of that rogue nation's gasoline comes from India and elsewhere.

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One is how to improve margins sufficiently to make a healthy real return in a world where over-capacity is running at 25-30%, and car makers are cutting prices either overtly or by offering extra features.

ECONOMIST: The prince and the pauper