peHUB First Read

Some links to kick off your Thursday:

* Congress is holding another hearing on the supposed dangers of sovereign wealth funds.

* VCs may support Obama, but he lost Silicon Valley. On the upside, he did get San Francisco…

* Will the BBC partner with private equity firms?

* The Northern Rock “rescue” plan could result in up to 2,400 job cuts.

* Sign of the Recession, Part 98: A Christie’s art auction went 24% unsold.

* Apparently there are PR league tables. Here’s the sneak peak.