peHUB First Read

* Sherle Schwenninger: Redoing globalization. * Michael Wolff: Private equity is the ultimate bubble. * Morning Call: U.S. futures point to rebound, Europe rises with oil bump, Nikkei up and Hong Kong down. * The trustee presiding over the liquidation of Bernie Madoff's "investment" firm is planning to give (ex) employees $28.1 million. Unless there are any objections, and I'd imagine there might be a few... * Don't worry GMAC execs: Accepting federal bailout money doesn't mean you can't keep taking private jets. Some people never learn... * Heidi thinks it's time to begin casting the inevitable Lehman Brothers movie.