peHUB Second Opinion 4.7

Ripple: Private equity firms are planning for an “Obama effect,” according to panelists at a Chicago AGC event. “Wherever they say they’re spending money, PE firms will try to capitalize on that.” (Chicago Tribune)

Not a Sucker’s Rally: Henry Blodget thinks we’re seeing lights at the end of the tunnel. (Clusterstock)

Hope You Didn’t Follow His Stock Advice: Lenny Dykstra is broke and having his mansion and private jet yanked from him by a private equity firm (albeit one I’ve never heard of). (Fin Alternatives)

Pimco: “Not very subtly distancing itself from the PPIP, which has only gotten less popular as its details have emerged.” (Talking Points Memo)

Did You Know: The last private equity deal valued at more than $1 billion was Blackstone’s $1.19 billion deal for Allied Security Holding in July, 2008. (CNBC)

1. The Offensive: The AP goes after content aggregators like Google. (VentureBeat)

2. In Response: Google’s public policy blog responds, saying this initiative does not apply to Google specifically, but also that Google is not violating copyright laws. (Google Public Policy Blog)  

3. Adding Insult to Injury: WSJ’s Managing Editor called Google a “parasite,” a “tech tapeworm” and an encourager of “shameless promiscuity.” Really. (NX Herald)

4. Meanwhile: Google CEO Eric Schmidt says newspapers need to create a new format for online journalism. (WSJ)

Alternatives: Rather than get an MBA, some potential students are going for an MS in finance. (BusinessWeek)

Happy Anniversary: How the internet got its rules. (NY Times)

830: “How a Massachusetts carpenter got the highest Scrabble score ever.” I care about this, you may not. But as the story says, this game as been heralded as “anagrammatic equivalent of Wilt Chamberlain’s 100-point game.” (Slate)