peHUB First Read

* For most cities, recession has arrived. * Could Huntsman end up buying Hexion? * What us worry, we're Australian? Kedrosky gives some cause. * If Halloweeen mask sales could predict the election, Obama would be president. * There's been lots of talk about how private equity firms might ride to the banking sector's rescue, with Chris Flowers regularly mentioned as a leading candidate for white knight. Hopefully those future deals perform better than Flowers' past ones, which have been marked down by 30 percent. * Facebook co-founders depart. Maybe they just didn't like the new design...