peHUB First Read

Some links to kick off your Wednesday:

* Cerberus reportedly has followed J.C. Flowers out of the running for Northern Rock. And then there were two…

* Private equity: Today in Turkey, tomorrow in North Korea?

* Heidi Roizen unveils her latest endeavor… and it has nothing to do with technology or venture capital.

* Is a virtual world meltdown coming, now that the CTO of Second Life is out?

* Warren Buffett helps Hillary raise campaign cash from Valley VCs.