Frontrunning: April 3

• The revision game begins: January non-farm payrolls revised to 741k from 655k
• The CalPERS Apollo story is picking up steam: now on Bloomberg (Bloomberg)
• Must read: Fed struggling to win over investors wary of sharks in TALF aid program (Bloomberg)
• Fixing the fix: Failure rate rises on mortgages revised in late 2008, U.S. Says (Bloomberg)
• Hedge funds get earful from clients about fees, withdrawals (Bloomberg)
• Evans-Pritchard: World moves closer to world currency (Daily Telegraph)
• The other angle by John Barry: MTM rule gives more clarity not less (Bloomberg)
• Correlation is not causation, part 1,345,649,303 (Social Science Blog)
• Obama's $163,000 tax bomb (WSJ)
• The radicalization of Ben Bernanke (Washington Post)
• The reverse black swan, Part I (Business Week)

Our gratitude to Brooke for the generous donation

And lastly, PPIP for dummies (hat tip anonymous reader):

[youtube=http://www.youtube.com/watch?v=n-arbfLTCtI&hl=en&fs=1]