And in Austin, Texas, after a five-year absence, Formula One racing returned to the U.S. A Formula One track called the Circuit of the Americas, was inaugurated over the weekend in a race won by Lewis Hamilton. Formula One is immensely popular in Europe and much of the world, but it's failed to win a big audience in the U.S., dwarfed by the homegrown culture of NASCAR and the Indy circuit.
Hostess Brands today begins the process of selling off its assets in a bankruptcy court in New York. That process has struck fear in the hearts of lovers of the sugary-sweet Hostess products, like Twinkies, Ding Dongs and Ho Hos. Sensing a Twinkie panic and a possible shortage, over the weekend some entrepreneurs took to eBay, offering up many Hostess brands at some very exorbitant prices.
It's an anniversary that most Americans can celebrate — the birthday of the big-box store. Discount shopping as we know it began 50 years ago. In 1962, enterprising retailers invented Wal-Mart, Target and Kmart.