peHUB First Read

Bitcoin has provided some of the most interesting stories so far this year, and yesterday may have been the pinnacle. First, Newsweek allegedly uncovered the identity of the ‘inventor of bitcoin’, Satoshi Nakamoto, an aging man living a humble life in California. Then that guy denied he knew anything about bitcoin. And then he led reporters on a car chase.

Twitter’s ad revenue keeps falling.

A defense of carried interest, why it’s taxed differently than ordinary income and the harm that taxing it at the ordinary rate could cause the economy.

China suffered its first corporate bond default, with no plans to bail out the company.

Such a bizarre story: the leadership of once-respected law firm Dewey & LeBoeuf have been charged with messing with the books to convince banks to keep loaning money to keep the firm running.

In case you missed it, Cerberus is buying Safeway for $9.4 billion.

Geek Love, one of the bibles of the Grunge scene of the 90s (when First Read was a young and confused adolescent), has turned 25 and remains a perennial best seller.

From a few days ago: Americans are borrowing a record amount to pay for their new rides.Last year, Reuters explored how the Fed fueled an explosion in subprime auto loans.

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