* Les Leopold: Wall Street’s 10 biggest lies of 2010
* Scoundrel: Is New Mexico Gov. Bill Richardson about to pardon Billy the Kid?
* Julia Ioffe: Facebook wants to move up from fifth place in Russia, whose citizens spend more time on social networks than any other nation
* Morning Call: U.S. futures look flat, London falls early, European shares slip and the Nikkei loses 3%.
* Floyd Abrams: Why WikiLeaks isn’t the Pentagon Papers
* Brett Arends: 10 reasons why I don’t believe in this Santa rally
* Felix Salmon: Blogger spats have moved to Twitter, and it’s a regrettable development
* Sarah Lacy tells the SEC to back off of secondary market trading. I still think this inquiry is more about the 500-person rule than disclosure, but a good read nonetheless…
* Paul Kedrosky: Is Moore’s Law finally about to catch up with lithium-ion battery prices?
* Boston’s Hancock Tower sells for $930 million, a remarkable turnaround that provides a template for other deals
* Indiana cities may soon be allowed to file for Chapter 9 bankruptcy protection. Maybe it’s time to unload those Gary, IN muni bonds…
* Tweet of the Day: @darrenrovell: Brett Favre makes $11,373 per minute of every game. That means he’s only giving up 4 1/2 MINUTES OF PAY for Sterger fine
* Term Sheet’s daily email newsletter is on a holiday hiatus, but sign up for its return next week
* Marty Lipton explains why he invented the poison pill:
[vimeo 18125037]