peHUB First Read

* Henry Blodget: Facebook is once again overhyped

* Eric Schmidt: The enduring lessons of Google’s quirky IPO

* Barry Ritholtz: A financial reform commercial I’d like to see

* Big buyout: Canadian pension fund offers to acquire troubled UK private equity firm Candover

* Morning Call: U.S. futures point higher, London falls early, European shares hit 7-week low, the Nikkei loses 2.6% and Hong Kong shares retreat.

* PE-backed IPOs are picking up

* Russia runs on Dunkin: PE-backed doughnut chain is opening shop in Moscow, after a 20 year absence

* European M&A is closing in on its slowest month in a decade

* Sam Robinson: The power shift in LP/GP relations is not permanent.

* Liz Gannes: Frothy times for Web angels

* Davos producer Richard Attias on the Goldman Sachs mess:

Davos producer Richard Attias on Goldman Sachs from TheDeal TV on Vimeo.