peHUB First Read

Cofee* KKR is reevaluating the “advisability” of going public, via a takeover of its Amsterdam-listed vehicle.

* Peter Thiel explains why Facebook’s proposed takeover of Twitter failed.

* Morning Call: U.S. futures down on heavy AIG losses, European shares extend losses, London tumbles early, the Nikkei slides 3.8% and Hong Kong drops 3.9 percent.

* The power of ethnic networks in Silicon Valley.

* Paul Kedrosky: Y2K, the Credit Crisis, and the Rosencrantz Fallacy.

* Was Rick Santelli’s rant a plant?

* Alessandra Stanley: Twitter is a “gateway drug to full-blown media narcissism.”

* CCMP Capital chairman Greg Brenneman of CCMP Capital has a biblical view of the recession.

* Laid off? Become a volunteer.

* Yahoo paid $79 million last year to fend off Microsoft and Icahn.

* Could Rupert Murdoch take the “bad” News Corp. private?