peHUB First Read

* The rise, and fall, of Hank Morris

* Kurt Anderson: America hits the reset button

* Morning Call: U.S. futures point lower, London falls early, European shares decline, the Nikkei’s rally is snapped and Hong Kong rises.

* Most adults still don’t know what Twitter is

* Matthew Goldstein: Let’s hope Mary Shapiro is a better regulator than money manager, given the lousy investment performance at FINRA (which she previously ran).

* Fortune argues that PE dealmaking will remain sluggish because of existing portfolio management requirements (major bubble activity+few exits=mucho manhours). I certainly agree that portfolio management is taking up more time than ever, but slow investment volume is still primarily a byproduct of credit (un)availability and bid/ask spreads. If there was leverage and mutually-amenable pricing, PE firms would find the extra time to get new deals done.

* Jeremy Grantham bites hard on the energy transition apple.

* Felix Salmon on the dispicable Ben Stein.

* Who says banks don’t still have a tin ear: “While planned giving programs steadily gain popularity with charities and their donors, they’re becoming less popular with the banks that service them. Some key banks are retreating from this area of financial management, refusing to take on charities with less than $1 million or $5 million in assets. Some are dropping clients who don’t make the cut.