* Morgan Stanley: Japan likely to fall back into recession
* Kauffman Foundation: Crappy startups are Wall Street’s fault
* BusinessPundit: The 10 most bizarre economic bubbles in history
* Morning Call: U.S. futures point higher, London opens strong, European shares climb on tech and foreign buying boosts the Nikkei.
* Satoshi Kanazawa: Why intelligent people use more hard drugs
* KKR: We received an SEC request for information in its sovereign wealth fund probe
* Do the right thing: Blodget approves of Blankfein shaking Raj’s hand after testifying
* Wade Roush: “Consumer surplus” from personal tech is soaring in the age of appreciation
* General Electric (GE) paid nothing in U.S. taxes last year.If this CEO thing doesn’t work out, maybe Jeff Immelt could become an H&R Block consultant…
* Not all startup financings are easy. Adam Neary: “Profitably just closed $1.1M, and I think I am feeling every emotion at once. While the rest of the team is ready to go out and celebrate (and has earned it!), I feel like I could use a nap, a hug, a good cry, and then perhaps a Manhattan or two.”
* Tweet of the Day: @ScottKirsner Prediction: one day, you will be able to fast-forward, rewind, and successfully pause video on the Internet.
* Tweet of the Day II: @pkedrosky: Startup team is more important than idea, but 8 founders doesn’t make it 8x better unless there is a Q and triple word score
* A parody pitchbook for Color, the social photo-sharing app that yesterday made waves with $41 million in VC funding:
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