peHUB First Read

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Cofee* Damn, it’s still good to be a banker

* Silicon Valley’s unemployment rate hits 11.8%, causing many of the region’s jobless to unplug from tech.

* Humans prefer cockiness to expertise. Guess that explains how some VCs with lousy track records keep being able to raise new funds… (h/t Felix Salmon)

* U.S. futures point higher ahead of the GDP data, London falls early, European shares dip in choppy trading, the Nikkei hits a 10-month closing high and Chinese stocks are up 15% for the month.

* How pricey Whole Foods is surviving the recession (obviously that cash injection from Leonard Green helped a bit).

* Fenway Park food service workers have reached a $1.5 million settlement with Aramark, a PE-backed provider of ballpark concessions that was accused of pocketing tips and service charges.

* Sorry Platinum Equity, it looks like your pursuit of Delphi has finally ended.

* Bain Capital’s Steve Pagliuca has indeed bid on The Boston Globe, alongside former advertising honcho Jack Connors. Really hoping they win, given their intent to operate the paper for the civic good rather than for profit.

* PIMCO’s Mike Amey: Why is UK inflation so sticky?

* David Perez of Palladium Equity, on investing in America’s “emerging domestic markets”