peHUB First Read

* KKR's IPO isn't a real IPO, in that it isn't offering any new shares to the public. But even a fake IPO is too scary for 2008, so the firm is pushing off its Big Board trip until 2009. * Publicly-traded ethanol maker VeraSun files for Chapter 11. Very bad news for shareholders like Eos Partners, and fairly bad news for ethanol evangelists like Vinod Khosla. * John McCain's InTrade stock hits an all-time low. Where are the shorts? * Speaking of elections, here's a state-by-state chart that includes presidential polls, home value change, income change and unemployment rates. * Checking in with the TechCrunch Layoff Tracker. * GM needs a bankruptcy, not a bailout. It seems the Bush Administration might agree.

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