From the Loony Bin: Internet Drug Dealers Go Legit, Etc.

Internet drug dealers rejoice! Coinbase opens first Bitcoin exchange in US.

Models are dumb: Late Monday afternoon, the National Weather Service was still calling for 20 to 30 inches of snow in NYC. The actual high was 12.1 inches in Queens.

Bud’s Round-up of Daily Drivel:

McDonald’s CEO calls it quits. (Wall Street Journal)
The Fed speaks. (Reuters)
The ongoing saga of GAAP vs non-GAAP: Facebook’s GAAP earnings are “unched.” (zerohedge.com)
Go Greek: Econ Nobel Prize winner Robert Shiller says it’s time to invest in Greece. (greekcrisis.net)
In Saudi Arabia, the First Lady forgoes headscarf. (Telegraph)
“I” got it: Obama’s gives 33-minute speech and refers to himself 118 times. (Investor’s Business Daily)
Last quarter, Apple sold 34,000 iPhones per hour. (NY Post)
The Peter Principle at work (or “Those Who Can’t Do, Teach”): New York Mets owner Fred Wilpon named chairman of MLB’s finance committee. (NY Times)
Unused boxing gloves for sale: From Ali-Liston “Phantom Punch” bout. (SFGate)
Photographer sues Nike over iconic Jordan “Jumpman” photo. (NY Times)
You might be too late to buy that giant fake rock: Skymall files for Chapter 11. (LA Times)