* Swisher: What Yahoo will do with Tumblr

* Consequence:  Tumblr users flock to WordPress

* Gary Rivlin: How Wall St. defanged Dodd-Frank

* Civil schmival: Criminal charges weighed for SAC Capital

* Morning Call: U.S. futures flat, Europe rises and Japan climbs.

* Jonathan Strauss: Replacing oneself as CEO

* Data: The rise of secondary buyouts

* Bob Rice: Private equity’s jargon problem

* Susanne Craig: BlackRock is beginning to stir

* David Bell: Ad tech complexity is unsustainable

* Literal, not figurative: Baby foxes check into Facebook

* Photoshop of the Day: JC Penney meets The Exorcist

* While you were sleeping: The U.S. has once again hit its debt limit

* Erin Griffith: As VC becomes a commodity, it’s all about community

* Get Term Sheet: Sign up for our daily email newsletter on deals & dealmakers

* Tweet of the Day: @anildash If I both Bono and MC Hammer are considered credible investors in tech startups, what room is left for parody?

* Video of the Day: Nikola Tesla pitching to Silicon Valley VCs:

[youtube=http://www.youtube.com/watch?v=zngK13FMgXMk]