peHUB First Read

* Call off Depression 2.0: The U.S. economy shows signs of digging out of its hole. * Ed Liddy: Our mission is to safeguard AIG's future. Remember, he's not just AIG's CEO. He's also a partner on leave from Clayton Dubilier & Rice. * Morning Call: U.S. futures down despite news that IBM plans to buy Sun Microsystems, European shares up early, the Nikkei hits a five-week closing high and Hong Kong jumps 1.9 percent. * Glenn Hutchins: What comes after the panic? * Dennis Berman: Private equity's golden age will be remembered for the jobs it cost, not for the ones it created. * How to tweet your way out of a job. * Portfolio gets political: "Sarah Palin says she’s building a $40 billion gas pipeline, which even President Obama wants. The only problem: It isn’t there. And it’s her fault."