* Facebook asks its employees to hack the system. They succeed.
* KKR is nearing its New York listing, which means we should soon have a filing with compensation details
* Katie Fehrenbacher: Why the world needs more Teslas
* Obama announces $2 billion in new gov’t funding for solar companies
* Daniel Gross: There’s good deflation and bad deflation. The question is which one could be coming.
* Jason Baptiste: Email newsletters are still serious business (you don’t have to tell us — the daily peHUB Wire email remains our big moneymaker)
* Alison Tudor: Chinese companies are snapping up Japanese firms at a faster pace than ever, creating angst and opportunity in equal measure throughout “Fortress Japan.”
* 3i Group has shuttered its India buyout group, and merged what remains with its infrastructure unit. Apparently the London-based firm figures there’s more opportunities in roads and bridges than in corporate takeovers.
* Hedge fund managers avoid big losses in first half of 2010
* Tweet of the Day: @mkapor Prince says Internet is over. Internet says Prince is over. You choose.
* Jordan Edmiston’s Scott Peters on media M&A:
* This Week in Venture Capital, with Zag founder Scott Painter: