* Backtrack: Carlyle Group caves on class-action lawsuits

* Christina Romer: Manufacturers don’t need special treatment

* Morning Call: U.S. futures point lower, London falls early, European shares stumble and the Nikkei hits 3-month high.

* In memoriam: British PE pro Nigel Doughty passes away

* Azam Ahmed: LightSquared’s woes weigh on Falcone hedge fund

* Hale Stewart: No, 1 million people didn’t drop out of the labor force

* Matt Levine: How the SEC enables securities fraud

* William Cohan: A Middle Eastern Silicon Valley

* No flight for you: Egypt bans EFG-Hermes CEO from traveling

* Derek Thompson: Would Romney be the richest president ever?

* Get Term Sheet: Sign up for our daily email on deals & deal-makers

* THE commercial from last night’s game, from Clint and Chrysler:

[youtube=http://www.youtube.com/watch?v=vEM9dodyABo]