Ripple: Private equity firms are planning for an “Obama effect,” according to panelists at a Chicago AGC event. “Wherever they say they’re spending money, PE firms will try to capitalize on that.” (Chicago Tribune)
Not a Sucker’s Rally: Henry Blodget thinks we’re seeing lights at the end of the tunnel. (Clusterstock)
Hope You Didn’t Follow His Stock Advice: Lenny Dykstra is broke and having his mansion and private jet yanked from him by a private equity firm (albeit one I’ve never heard of). (Fin Alternatives)
Pimco: “Not very subtly distancing itself from the PPIP, which has only gotten less popular as its details have emerged.” (Talking Points Memo)
Did You Know: The last private equity deal valued at more than $1 billion was Blackstone’s $1.19 billion deal for Allied Security Holding in July, 2008. (CNBC)
1. The Offensive: The AP goes after content aggregators like Google. (VentureBeat)
2. In Response: Google’s public policy blog responds, saying this initiative does not apply to Google specifically, but also that Google is not violating copyright laws. (Google Public Policy Blog) Â
3. Adding Insult to Injury: WSJ’s Managing Editor called Google a “parasite,” a “tech tapeworm” and an encourager of “shameless promiscuity.” Really. (NX Herald)
4. Meanwhile: Google CEO Eric Schmidt says newspapers need to create a new format for online journalism. (WSJ)
Alternatives: Rather than get an MBA, some potential students are going for an MS in finance. (BusinessWeek)
Happy Anniversary: How the internet got its rules. (NY Times)
830: “How a Massachusetts carpenter got the highest Scrabble score ever.” I care about this, you may not. But as the story says, this game as been heralded as “anagrammatic equivalent of Wilt Chamberlain’s 100-point game.” (Slate)