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Morning six-pack: What we're reading Monday

Monday, 14 Oct 2013 | 7:47 AM ET
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Happy Columbus Day (yeah, and Monday, too). The bond markets are closed but the Six-Pack is open.

They'll be parading in New York, but in Italy the mood remains somber as the country tries to unshackle itself from ridiculously high debt and the common currency. (Reuters)

China isn't Italy, but things aren't so great there either, as attested by a slowdown in industrial power usage. (MNI)

Not so fast, debt doomsdayers: The U.S. has so defaulted before, at least twice. (AP, via Politico)

The Netherlands, interestingly enough, offers a fine template on how to resolve a budget deadlock. (The Financial Times)

As earnings season unfolds, it's probably worth contemplating how much CEO pay is rising compared to profit growth. (Naked Capitalism)

And, finally ... if you're enjoying the drop in oil prices, kick back and relax a bit. They're not expected to rise anytime soon. CNBC.com's Sri Jegarajah explains.

—By CNBC's Jeff Cox. Follow him on Twitter @JeffCoxCNBCcom.

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Wall Street

  • New York Attorney General Eric Schneiderman

    The New York attorney general's office has subpoenaed about a half-dozen high-frequency trading firms, a source told CNBC.

  • China's Weibo has priced its initial public offering at $17 per American Depository Share, at the bottom of its planned range.

  • Some high profile earnings beats by General Electric, Pepsico and Morgan Stanley helped counterbalance the hangover of Wednesday's big tech earnings misses.