peHUB First Read

* James Surowiecki: "Besides great climates and lovely beaches, California and Greece share a fondness for dysfunctional politics and feckless budgeting." * Jim Cramer on IPOs: “If you see the private equity firms are the main investors in a company that’s coming public, call it a gigantic red flag, perhaps the biggest red flag in the investing canon.” * Morning Call: U.S. futures point higher, London climbs, the Nikkei hits 18-month high and other Asian stocks rise on U.S. jobs data. * When a first pick isn't the best pick (can be true of both NFL rookies and CEOs) * Court rules that employee-attorney emails are private * Tom Friedman comes out in favor of the Startup Visa Act. Or at least I think he does, since he doesn't actually mention the startup Visa Act. * More than 550 readers already have tickets for our San Francisco Shindig, which takes place one week from Wednesday night. Get yours before they sell out. * Anthony Ha finds some angel investors who say the Dodd Bill could "destroy Silicon Valley." Now I dislike the Reg D and accredited investor changes as much as the next guy, but "destroy Silicon Valley?" What, is it made of peanut brittle? Persuasive arguments against the Dodd proposals get watered down by such histrionics.