peHUB First Read

* John Heilemann: BP's hypocrisy problem, and ours * Greg Huang: Five themes to watch in the Boston innovation scene * Mark Gimein: Why does so much federal money go to for-profit schools—and what happens when the system crashes? * Morning Call: U.S. futures point higher on yuan revaluation, London rises early, European shares climb and the Nikkei hits a 1-month closing high. * An "edgy" Fraggle Rock? * ZeroBeta: Leave Business Insider alone! * Today in carried interest: Paul Kedrosky on cynicism * Mark Mobius on China and opportunities beyond the BRICs * Greg Gretsch: "One of the biggest advantages startups have over larger, more established companies, is that their inherent lack of resources forces them to do fewer things - to focus." * Sad scientific truth: "Once you’ve been drinking coffee for a while, the feeling you are getting after a cup isn’t the difference between the normal you and the super you, it’s the difference between the addict before and after a fix."