peHUB First Read

* The Carlyle Group releases its annual report: CarlyleAR.pdf

* WSJ says Citi is cutting 10% of its investment banking jobs, as early as today. That would be mean around 6,500 pink slips worldwide.

* Would a minimum wage increase be a better stimulus than a tax rebate? Zubin Jelveh makes the case, and his readers dissent.

* Two interesting posts from VentureBeat. One is about presidential campaigns debating each other via Twitter. The other is about iPhone porn. Looking forward to my analytics report, to see which one got clicked on more…

* Chinese banks are no longer the apple of foreign lenders’ eyes, according to a survey by PwC.

* Hellman & Friedman joins the Informa buyout consortium, which already included Carlyle Group and Providence Equity Partners.

* Modeling the real market value of social networks.

* Wallstrip chats with Andrew Braccia, a former Yahoo exec who joined Accel Partners in 2007 (yeah, before every Yahoo exec joined a VC firm): [youtube=]