* Me-too IPO: LivingSocial is talking to bankers about going public
* Bethany McLean: Why subprime regulators hunt small game
* Ron Burgundy of Greenwich? Will Ferrell signs on to play a hedge fund manager
* Morning Call: U.S. futures point higher, London rises on job-cutting Lloyds and the Nikkei climbs.
* Buttonwood: Is all the bad news priced in?
* Martin Wolf: Why austerity alone risks a disaster
* Twitter’s future: What happens when tech founders leave
* Tracy Alloway: Does prejudice hinder economic growth?
* Scott Austin: Who’s in the VC-backed $1 billion+ valuation club
* Peter Lattman: Why was Rajat Gupta’s trial just delayed for 6 months?
* Sign up for our daily newsletter at www.GetTermSheet.com
* S&P to GOP: We will slash U.S. credit rating if August 4 debt payment is missed
* Stewart Lyman: This drug didn’t work for me. Can I please have my $88,000 back?
* How they got started: The rise of Panera Bread (which needs to bring back sun dried tomato cream cheese)
* Tweet of the Day: @fromedome: At that price, Murdoch should have just given MySpace to NASA and turned it into an astronomy site.
