Pre-Marketing 12.30.10

December 30, 2010, 5:49 PM UTC

* 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 earlyEuropean 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]