Yesterday I remarked about the proliferation of bad news. Well, here's some good news: The NYPD did an incredible job defusing a bomb in Times Square, conducting a quick investigation, and rounding up a potential suspect. Amazing if you think about the alternative. Heroic execution.

Not only was there heroic execution on the part of the police in diffusing the bomb and launching a quick investigation, but if they got the right guy, it has a Hollywood twist: They nabbed him as the plane was about to take off. Here's more on that story, as well as other stuff going on in the busy world:

• Times Square bomb plot suspect arrested at last second (CNN). I think he's lucky Jason Bourne wasn't on the plane.
• The suspect allegedly drove to the airport packing a 9MM gun (NPR). I'm ready to see the movie. Now.
• Times Square bomb, oil spill complicate White House agenda (Washington Post). Nobody says it was easy being the President of the United States.
• Bomb suspect may have been targeting military recruiters (Washington Post).
• What we know about the suspect (The Atlantic).
• Shifting gears to market action: More Euro-melting triggered this morning's swoon (WSJ).
• Think you understand the sovereign debt crisis? If not, just take a quick look at this chart, courtesy of Pimco (Business Insider).
• Just when it looks like the VIX has collapsed -- yes, that's the time to sell (Bloombemployee resource group (ERG) BusinessWeek).
• Apple policy said to trigger investigation by the Federal Trade Commission (BloombERG). Only one entity can stop god: the government.
• Apple feels the heat from the FTC. Maybe it's time to pull a switcheroo? (Electronista)
• Ning is going to stay free for teachers (New York Times). Great, now do you know anybody that uses Ning? Any teachers? Right, didn't think so....
• YouTube is developing a self-serve rental model (MediaPost). Netflix executives must be taking notice.
• Apparently there is a black-market for IP addresses (Infoworld). “Psst.. hey buddy... wanna buy 72.145.228.27!?”
• Was wondering what the local snowpack was like. I found this cool site (NOAA). At least they put some of my tax dollars where I want them.
• Things you learn without running water (The Daily Green). Some of them, I just don't want to know.
• Twitter has launched its “embed Tweet” program (HuffingtonPost). More evidence that civilization will be ending as we know it.