Despite predictions of inevitable growth, global trade is in retreat. The future of the world economy depends on its revival
Less competition and shortages are pushing up drug prices
Anti-gun activists mistakenly believe they can win "a war for the culture." A year after Newtown, it's easier to buy firearms
Cell biologist Randy Schekman's lab will no longer submit papers to the big-name journals. Here's why
The Jones Act, an isolationist law passed in 1920, messes with oil shipments
You may not have heard of the low-budget shows produced by this stand-up comic turned media mogul, but they're the future of TV—and he's killing it
The chef-owner of America's most secretive restaurant finally talks
Northwestern's Kellogg School of Management reclaims the top stop after a two-year absence
The Santa Spy Cam app—which superimposes Santa, elves, and even reindeer on moving images of a given home—is an overnight hit with parents who face skeptical kids
Entrepreneur: Anand Agarawala, 27
Funding: $1.65 million in government grants and from investors, including Andy Hertzfeld, a key designer of Macintosh software.
Developed as part of Agarawala's master's thesis at the University of Toronto, BumpTop turns your typical Windows desktop into a whimsical 3D room. You can stick Post-it notes on the walls and compile photos, Web sites, such as Facebook, and documents into piles, as you would on a physical desk. The first version, launched Apr. 8, has been downloaded more than 300,000 times. The company is in talks with PC makers to bundle the software in new computers.
Lessons learned: "The key thing is, stay as lean as possible," says Chief Executive Agarawala. "We don't have fancy espresso machines or offer massage in the office. But we do have a team that's motivated. Every full-time employee should have a meaningful stake in the company."