This A.M.: Snails Save Bulgarian Economy; Hedge-Fund Honchos Bet Against U.S.; Retail Sales Figures Promising

BofA to face 12 angry taxpayers in trial: SEC (NY Post)

Get ready for the fireworks: In shrewd p.r. move, SEC demands a jury trial over Merrill Lynch scandal.


Can snails save the economy? It's working in Bulgaria (NY Daily News)


Selling US short (NY Post, Mark DeCambre)

Hedge-fund honchos "wagering that global investors will lose faith in America, thanks to the country's post-credit crisis spending."

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Retailers' Sales Top Estimates (WSJ)

Jesus! More good news?


Strip Mall Vacancy Rate Hits 10.3%, Highest Since 1992 (Calculated Risk)

Strong evidence that the second phase of the banks' meltdown has already started.


Paul Krugman: In Trade, 'It's Not the Great Depression -- It's Worse' (WSJ)

NYT columnist tells NYC conference that he's worried.


Key publishers unite to create a digital reader (NY Post, Keith J. Kelly)

E-reader coming from consortium including Time, Hearst, Conde Nast — no wonder Conde Nast is shuttering magazines left and right. Not a Kindle, but a color gadget that can display ads. Bye-bye, big daily newspapers.