- A real WTF move: the state of Colorado, whose minimum wage is tethered to inflation, will be LOWERING, not raising, said minimum standard. Apparently, the cost of whatever is in their market basket has actually gone down. The difference we’re talking about is small (from $7.28, it will be going down 3 cents to the Federal minimum of $7.25; it would’ve been a cent lower if not for those meddling Feds fixing a national standard, and similarly, Florida’s would also be dropping below the Federal minimum for the same reason). While people like you and I use things like the price of gold to determine inflation, Colorado probably looks at the cost of rent and crap like that, which is down thanks to all the extra houses we seem to have lying around lately. Housing bubble, I saw what you did there. (Story h/t Peter H.)

- From The Reformed Broker, a list of the top ten scariest Wall Street costumes this year. Not quite like how Jason and I talked about being Ben Bernanke and Sheila Bair replete with horns — these are more along the lines of “Goldman Sachs vampire squid”. But hey, Ruth Madoff’s in there, and considering that even her hairdresser is rejecting her these days, you know she has to look rough.

- Go cry emo Ted. We mere mortals will never know the pain of losing several billion, or of losing a big gig at Time Warner, or of owning $700 million in T-bills, so Ted Turner wants to help us understand.

- Two tasks in Miami: 1) Party like it’s 1989, because that’s where your condo values are; 2) Sue Donald Trump.

And, finally, a video (via WallStreetFighter) where Michael Moore reminisces over the Leave it to Beaver days: