peHUB First Read

* Paul Kedrosky: Why don't more entrepreneurs want to be entrepreneurs? * Huh?!?! A judge rules that Microsoft can no longer sell Microsoft Word. * As Atticus shuts down with flair, Dennis Berman takes a look at the five most memorable hedge fund farewell letters. * Morning Call: U.S. futures point lower ahead of the Fed, London falls early, European shares rise on utilities, the Nikkei slips and Chinese shares dip to four-week low. * CalPERS commits to Vinod Khosla's new seed-stage fund, and provides some details in this .pdf document (beginning on page 22). Guess this means we'll finally get some insight into Khosla's post-Kleiner performance. * Could CIT become a blown save? * Good overview: The origins of Islamic private equity in the Gulf. * 10 cities primed for a real estate recovery, and 10 cities facing the next real estate bust. * Bob Kuttner is the latest to rail against private equity ownership of banks. His main argument is against self-dealing (i.e., a PE firm using bank capital to fund its other activities), but that just calls for codifying a prohibition that has been added