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Bacon-wrapped Twinkies

* Jeremy Grantham: The natural resources cliff

* Mockery: Colbert on high-frequency trading

* Jeremy Halpern: Angels in life sciences America

* Un-Wonder bread: Hostess CEO could pull plug today

* Marie Baca: Belinda’s private equity immersion daycare

* Morning Call: U.S. futures climbEuropean shares fall and the Nikkei climbs.

* Tumblr of the Day: Pundit shaming

* China IPOs: Upside of scarcity for private equity

* John Hechinger: Administrative bloat fuels college costs

* Bill Gurley: Not all digital marketplaces are created equal

* Larry Summers: Be careful about capping tax deductions

* No kissing in public: Things you can’t (legally) do in Massachusetts

* Big Deal: Spotify raises $$ from Goldman, Fidelity and… Coca Cola

* Get Term Sheet: Sign up for our daily email on deals & deal-makers

* Tweet of the Day: @hunterwalk: Wait, Facebook is letting a Zynga guy take exec position? Does no one over there watch Homeland?