* Underwrite this: Morgan Stanley bought LinkedIn stock on the open market
* Hillary Clinton wants to run the World Bank? Her spokesman calls it “grade A bullsh*t.”
* Still not getting our morning email on deals & deal-makers? Sign up at www.GetTermSheet.com
* Morning Call: U.S. futures point lower, London opens soft, European shares keep falling and the Nikkei climbs.
* Q&A: How “super-angel” firm Floodgate invests
* Barry Ritholtz: How to spot a bubble in real time
* Michael J. Moore: The financial sector keeps shrinking
* Anton Troianovski: Carriers sweat as texting cools off
* Economist: How capitalism can make healthcare worse and more expensive
* Back to basics: Reebok founder Paul Fireman invests in Colorado sneaker company
* Memorabilia watch: Law & Order Criminal Intent is auctioning off its set stuff at Chelsea Piers today
* SEC issues a warning about investing in reverse merger companies. At this rate, its private secondaries warning will come in 2013.
* Tweets of the Day:
1. @felixsalmon: What’s the over/under on when @JillAbramson‘s first tweet will arrive? I’m betting not until September, when she takes over from @nytkeller
2. @JillAbramson: @felixsalmon wrong!