Morning six-pack: What we're reading Monday

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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.'s Sri Jegarajah explains.

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

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