peHUB First Read

* Michael Snyder: 25 reasons the economic recovery isn’t real

* Coming Soon: An options exchange for private equity fund futures

* Frank Quattrone: The market is waiting for a “category-defining, earthshaking” IPO

* Morning Call: U.S. futures point higher, London rises early, European shares rebound, the Nikkei climbs and Hong Kong shares bounce back.

* Shane Snow: The birth of Foursquare

* James Kwak: Why does Steve Ballmer still have a job?

* Sylvia Westphal: Is it time for the FDA to chime in on drug company tweets?

* Former DNC chair Terry McAuliffe hopes to raise $1 billion for an electric car venture

* Edward Harrison: New York State’s pension sustainability problem

* Tweet of the Day: @venturehacks VCs are good at making every concession in a negotiation seem like a big deal. It’s called concession devaluation.

* Tweet of the Day II: @BPGlobalPR: Funny, no one has thanked us for seasons 3-15 of Treme yet. #bpcares

* Fred Wilson and Ben Horowitz debate fat vs. lean startups at TC Disrupt:

* Finally, if you’re a frustrated Lost fan like me:

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