peHUB First Read

Some links to kick off your Monday:

* We’ve got UK press reports that The Blackstone Group is putting together a massive bid for Rio Into, but DealBook cites a source who calls the idea “rubbish.”

* Bill Saphire doesn’t like the term “credit crunch.”

* Just another day on Wall Street: UBS is taking a $10 billion writedown.

* A new “social” VC firm launches. No, not social networks, but social responsibility.

* Stu Phillips on when to call it quits.