peHUB First Read

Cofee* Incoming New Jersey Gov. Chris Christie asks the state not to make any new private equity investments, pending review (top link). Worth noting that a member of Christie’s budgetary task for is Bob Grady, who left The Carlyle Group a few months back.

* Gillian Tett: Will sovereign debt become the next subprime?

* Wikipedia is getting older, and an unprecedented number of its volunteers are quitting.

* Morning Call: U.S. futures point higher, London rises early, Europe looks up and both Hong Kong and China jump.

* Green shoot #1: PayNet finds that the smallest U.S. businesses — those with less than $100k in outstanding debts — have begun borrowing again.

* Green shoot #2: S&P reports that distressed debt hits a 17-month low.

* Man arrested for not using Twitter.

* 16 year-old Charles Allatt thinks he has created Napster 2.0 (i.e., a free P2P music sharing site that isn’t illegal).

* Tweet of the Day: @carney I have a theory: Andrew Ross Sorkin’s Too Big To Fail is driving some sales of the Kindle because it is too big to carry around.

* Keith Cowing: Why Tom Brady would be a great startup CEO

* Princess Firyal of Jordan wins her battle for the Central Park duplex of the late Lionel Pincus.

* Why Playboy’s bunny has become more alluring than its playmates.

* Bill Joy, Sun Microsystems co-founder and current partner with Kleiner Perkins, lectures at U Michigan on the promise of green technologies (video).