* RIP: PE pioneer Teddy Forstmann dead at 71
* Big Deal: Alleghany to buy Transatlantic for $3.4 billion
* Behind the scenes: Entire “supercommittee” hasn’t met in 3 weeks
* Morning Call: U.S. futures point lower, London falls early, European shares slide and the Nikkei tumbles.
* Bill Simmons: Business vs. personal in the NBA
* Bruce Booth: Late-stage biotech VC isn’t less risky than early-stage
* Not a parade: Florida town holds funeral for itself
* Reid Hoffman: Groupon’s big advantage is big data
* Larry Summers: 3 ways to combat income inequality
* Bill Frezza: The price we pay for investment apartheid
* Get Term Sheet: Sign up for our daily email on deals and deal-makers
* Nate Silver: Economic indicators that best predict presidential elections
* Jesse Drucker: U.S. billionaires avoid reporting gains to the IRS
* Dr. Steven Greer: It’s tough to interview a breast cancer patient killed by Avastin
* Tweet of the Day: @MoRocca: Why doesn’t anyone name their daughter Solyndra anymore?
