peHUB First Read

* Galleon is only the beginning, as federal investigators are working a whole slew of insider trading cases. This first one has plenty of VC/PE ties, but one wonders if future connections will be a bit more direct. * The 50 best places to launch a business. * Microsoft CEO Steve Ballmer last week held an off-the-record breakfast with a group of Boston-area VCs and entrepreneurs. Here's some of what they discussed. * Morning Call: U.S. futures signal rebound, London rises early, European shares rise on banks and commodities, the Nikkei edges lower and both Shanghai and Hong Kong experience gains. * One year later: Warren Buffett's "Buy American" * Cory Doctorow: Why your idea to save journalism won't work (a checklist). * Is there a statistical connection between household debt and television-watching patterns? * Andrew Ross Sorkin's book on the banking meltdown comes out tomorrow, weighing in at 2.15 lbs.