peHUB First Read

Cofee* Could the global credit freeze have a second act?

* An exodus from corporate boards to the Obama Administration.

* Morning Call: FTSE up on commodities, other European stocks rise, both the Nikkei and Hong Kong close higher.

* Need a way to pay for the auto bailout? We could do it by ending the “war” on marajuana.

* Wall Street recruiter Joe Goldsmith is opening up his own search firm. Today. When no one is hiring. Does he know something the rest of us don’t?

* Scott Kirsner: 10 pieces of advice for an entrepreneur in search of funding.

* Just about 24 hours to go before we find out if President Bush will pardon Michael Milken.

* Will dwindling finance options spark a wave of biotech deal-making?

* NY Post: Big Clear Channel layoffs this week.

* He had a dream, and tomorrow another piece of it will be realized: