peHUB First Read

* Steven Pearlstein: The myth of small business creation, and what it means for healthcare reform. * It's 1994. Should you put all your money in cash or stocks? * Brandon Watson on if the VC model is dead: "The trouble isn’t so much that associates don’t know what actually constitutes a good business, it’s that they believe that they are uniquely qualified to make that determination... If the associate doesn’t like you, you don’t get through them as a gate keeper." * Morning Call: U.S. futures point to mixed open, London flattens, European shares keep falling, the Nikkei falls 2.4% and Chinese shares edge down. * Michael Lewis on the (AIG) man who crashed the world. * VC valuations: What went up, has come down. * Not so fast, Ricketts family. Tribune Co. has reached a second deal to sell the Cubs. * New study finds that PE-owned firms are as likely to fail as non PE-owned firms, excluding the burdensome leverage variable.