Ah, art. Behold the Eco Brolly by Shiu Yuk Yuen. It's an "environmentally friendly" umbrella that turns whatever happens to be convenient at the time of rain (like a newspaper or plastic bag) into an umbrella:
it can re-use whatever the consumer thinks of reusing. It is a supporting devise when it rains, all the user has to do is unscrew the top lid, poke the lid onto the middle of a reuseable object, quick screw to secure it & open it out like an umbrella!
This is for short distances, but it can last longer, by clipping the clips at each end of the umbrella onto the newspaper to stabalise it. It is pocket size, lightweight aluminium, suitable for Britan, where its hard to predict the weather, espeically for Central Londoners, where free newspaper is avaliable.
This, of course, begs, the question: if you want to carry something, why not carry a regular umbrella in the first place?