peHUB First Read

Cofee* Om Malik’s Q&A with Julius Genachowski, the new FCC chair and a former venture capitalist.

* Blackstone Group shares jumped 21% yesterday, for no discernable reason. Sure the overall market rose and KKR got some mega-market pub for its IPO prep, but there was simply something fishy about this. Blackstone reports earnings on Thursday, and it seems (to me) that someone (somehow) got a peak.

* Alison Damast: Why foreign MBA applicants are disappearing from U.S. business schools.

* Morning Call: U.S. futures point lower, London falls early, European shares dragged down by bankers and miners, the Nikkei hits a 10-month closing high and Hong Kong snaps 3-day rally.

* Harvard University is trying to trademark such common phrases as “lessons learned.” Shouldn’t we first see if Harvard is able to turn around its endowment, before giving it cliche credit?

* Venture capitalist Alan Patricof goes on Fox Biz to say television will survive. He also mentions that his firm, Greycroft Partners, just received an offer for one of its portfolio companies from a big media shop, but the anchor didn’t follow-up. Wonder what company… HuffingtonPost? WorldWide Biggies?

* Credit ratings agencies begin threatening sovereign downgrades. Way to prove you’re tough after chickening out on the original fight.

* Mark Seal: Ruth Madoff’s world

* Henry Blodget: The fate of clunkers.

* Maureen Tkacik: Why sexism is behind the attacks on FDIC chief Sheila Bair.

* Take the New England Venture Capital Quiz.