peHUB First Read

* Paul Volcker discusses his financial reform bill battles * KKR learned several flotation lessons from Blackstone Group * Roger Altman: "The poisonous dynamic between Washington and business must be fixed. Both sides should make adjustments, but the business community — of which I am a proud member — especially needs to make efforts to mend this relationship. Yes, the administration has made some mistakes. But, on balance, its actions have supported business." * Morning Call: U.S. futures point higher, London falls early, European shares slip and the Nikkei is closed. * Mark Suster: What's really going on in the VC industry? * Charlie Gasparino: Lloyd Blankfein's days are numbered * John Paulson is in the "driver's seat" for an upcoming Harrah's IPO * Facebook co-founder says upcoming movie overplays sex & booze * Dan Frommer: Nokia's refusal to buy Palm may be one of the dumbest moves in handset history * Audio of interview with Bob Davoli of Sigma Partners. Includes some discussion of GlassHouse (in registration), Aprimo (filing soon) and Incipient (VC-backed bust).