On the day of the dead, Nov. 1, the news media reported the story of Citi’s impending bankruptcy. Cassandra, take a bow

WASHINGTON — Beware the math. Some Republican lawmakers critical of President Barack Obama’s stimulus package are using grade-school arithmetic to size up costs and consequences of all that spending. The math is satisfyingly simple but highly misleading


 
 After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses. CIT made the filing in New York bankruptcy court Sunday, after a debt-exchange offer to bondholders failed.


 
 U.S. stock futures are moderately higher Monday as investors await key reports on manufacturing and housing, seeking reassurance that the economic recovery will be sustainable.

(SCROLL DOWN FOR VIDEO) (AP) SALT LAKE CITY — A rap by four teenagers at a McDonald’s has gotten them a bad rap in one Utah city. The teens were cited by American Fork police earlier this week for disorderly conduct after they rapped their order at a McDonald’s drive-through.

The SEMA Show, the annual automotive bacchanal and extravaganza staged by the Specialty Equipment Market Association, world’s largest lobbying group for aftermarket and performance car parts, and thought by many to be the best car show in the world, especially if you’re a gearhead (like us) opens in Las Vegas this Tuesday, 11-3, and runs through Friday, 11-6. If you don’t already have credentials for the show, which has some 2,000 exhibitors and 9 miles of aisles showcasing everything from roll cages to run flats, from turbos to independent suspensions, from 600-horsepower crate motors to anything you might need to build that IndyCar in your garage, don’t bother going. The show is closed to the public, open only ‘to the trade’ and is still the single-largest trade show held annually in Vegas, drawing over 100,000 exhibitors, buyers and media

The US might be in the midst of a second housing and financial bubble, according to economist and Yale Professor Robert Shiller. Shiller and Financial Times commentator Martin Wolf were interviewed by Fareed Zakaria Sunday. Zakaria asked Shiller and Martin to weigh in on the topic of executive pay at bailed out banks