peHUB First Read

* Felix Salmon: Don't worry Harvard, you're still rich. * BusinessWeek sums up private equity's year from hell. * Morning call: U.S. futures are flat, FTSE rises on Bank of England rate cut, the rest of Europe is also up, Nikkei falls a percent on a stronger yen and Hong Kong drops. * Feel the Burn: Ways to tighten the corporate belt. (h/t Ask the VC) * GM and Chrysler consider prepackaged bankruptcy, according to Bloomberg. * Napa Valley's "wine shrine" files for Chapter 11 bankruptcy.

North AmericaUS