peHUB First Read

* Is Mexico the next disaster? * Barry Diller: “The idea of a company that’s earning money, not losing money, that’s not, let’s say ‘industrially endangered,’ to have just cutbacks so they can earn another $12 million or $20 million or $40 million in a year where no one’s counting is really a horrible act when you think about it on every level. First of all, it’s certainly not necessary. It’s doing it at the worst time. It’s throwing people out to a larger, what is inevitably a larger unemployment heap for frankly no good reason.” * Carney vs. Creswell vs. Black. Most interesting part of that NYT interview, by the way, was when Black said that Apollo "has turned into a bond house." Also, kudos to Erin for basically writing the same story a week ago. * Morning Call: U.S. futures rise on auto bailout hopes, European shares up at mid-day, Nikkei and Hong Kong also jump. * Leslie Stahl and Peggy Noonan: VC-backed entrepreneurs. * John Thain wants a $10 million bonus.