peHUB First Read

* How Wall Streeters beat drug tests * Tony Jackson: GM is just a hedge fund in disguise * Fred Wilson is worried about the expanding birthrate of web startups. This may be an argument for the creation of more firms focused on "B" rounds. * Morning Call: U.S. futures point higher, London rises early, European shares climb and the Nikkei edges lower. * Bob Metcalfe's original ethernet sketch (circa 1972) * Junk bond volume keeps rising while yields keep falling * Andrew Rice: "Are Barnes & Noble founder Len Riggio and his nemesis Ron Burkle the only people in America who still want to own a mega-bookstore?"