peHUB First Read

* Carried interest taxation is back on the table. And to think, it was just one month ago that NVCA chief Mark Heesen called me "dead wrong" to suggest that Obama's election meant an increase in the taxes VC and PE pros would pay on profits (were there any profits on which to pay taxes). * Sara Lacy looks at recent VC deals data, and believes that it points to foreign investment as the next big thing. * Morning Call: U.S. futures point to rebound on Citi relief, London edges higher, European markets rally, the Nikkei down on credit fears and Hong Kong closes up. Apparently the markets only hate the idea of bailouts when it's individual mortgages being discussed... * Mark Cuban: Was Madoff a better investment than your mutual fund? * Conventional wisdom be damned: The U.S. remains the world's leading manufacturer, in terms of the value of goods produced.