peHUB First Read

* Private equity is proving problematic for Gov. Jon Corzine's reelection bid in New Jersey, even though he's not actually an investor in the private equity fund at issue (he's in an affiliated, but independently-managed, hedge fund). * Text of FCC chief Julius Genachowski's speech in support of net neutrality. * James Surowiecki: What to do with the credit rating agencies. You know, the folks that gave good grades to reams of paper that deserved to (and ultimately did) fail. * Morning Call: U.S. futures point higher, London rises early, European shares climb on banks and commodities, Japan pares losses and Hong Kong closes up 1%. * Michael Masnick: Venture capital is part of the startup ecosystem, but it isn't the ecosystem. * Play-Doh has rolled out some fairly disturbing ads in Singapore. * Epicurean Dealmaker goes against the consolidation grain: Let a thousand investment banks bloom.