peHUB First Read

* Don’t let the facts get in the way of an otherwise lovely tea party: New data from the nonpartisan Congressional Budget Office showed that “the federal income tax burden is already hovering near its lowest level in three decades for all but the wealthiest Americans”

* CDC, an emerging markets fund-of-funds manager takes 15% markdown in 2008. That’s actually not so bad, and maybe makes some “developed market” investors jealous.

* Morning Call: U.S. futures flat on Citigroup and GE results, London lower in early trading, European shares are up, the Nikkei rises 1.7% and Hong Kong closes higher for the sixth-straight week.

* Why an infamous online image board could soon overtake both Ashton Kutcher and CNN for Twitter dominance. On the other hand, I’m not sure anyone will be able to hold off Oprah.

* Five rules for getting your idea off the ground.

* Carl Icahn: It’s up to shareholders, not government, to demand change at a company. Speaking of Icahn, what’s going on with his blog? Barely updated. Paging Dane Hamilton…

* Steven Pearlstein: Tax fantasies of the left and right.

* Volkswagon beat Toyota for Q1 dominance? But my Prius is wonderful and the hand-me-down Jetta sucks.

* TARP overseer Elizabeth Warren on The Daily Show: