peHUB First Read

* Volcker Bait: Goldman Sachs is the world's largest private equity firm. * Bill Gurley: Hollywood is under less duress than Silicon Valley wants to believe * Tim Logan: Wooing cool, talented young people is no guarantee of a city’s economic success. * Morning Call: U.S. futures lifted by Fed statement, London rises early, European shares rebound, the Nikkei loses 2.6% and Hong Kong shares flatten. * Anal_yst: On blogs and credibility * Kai-Fu Lee: Five things to know about Chinese startups * Tim Berry: Five ways backpacking prepared me for startups * Charles Hudson: If Facebook wants to own the global like, it needs to own Bit.ly * Adam Adamou: How Canadian VC groupthink almost killed RIM, and why conditions haven't changed.