(FORTUNE Small Business) – THE HEADLINES Internet Entrepreneurs Invest in Space-Exploration Ventures

THE TAKE Newsweek reports that Amazon's Jeff Bezos and PayPal founder Elon Musk have created startup rocket companies. Who knows? Maybe they'll find life forms still willing to value stock based on Ebitda.

[THE HEADLINES] Bush Endorses Another Term for the Fed Chairman

[THE TAKE] After months of speculation about whom W. would pick to succeed Alan Greenspan, the answer is ... Alan Greenspan. Congrats to him, and to Justin Martin, who called this one in FSB back in December.

[THE HEADLINES] Lillian Vernon Sells Her Company for $60 Million

[THE TAKE] We salute the legacy of the original mail-order bride, who started her catalog company with $2,000 she'd received in wedding gifts. She finally cashed out, 52 years and two husbands later.Shannon Moseley, 17, was killed when his GM pickup truck was struck by another GM pickup and burst into flames. The case was one of dozens involving "side-saddle" fuel tanks.

[THE HEADLINES] Federal Trade Commission Announces Crackdown on Online-Auction Fraud

[THE TAKE] That's bad news for hucksters hoping to peddle fake goods on eBay. We knew there was something fishy about those Harvard MBA degrees we'd picked up.

[THE HEADLINES] Inventor of Canned Laughter Dies at 93

[THE TAKE] Charlie Douglass leaves quite a legacy. Without him, we wouldn't have had sitcoms like Three's Company, Full House, or Blossom --proof that some inventions are best left uninvented.