peHUB First Read

Cofee* Mark Solon: A startup’s 12 days of Christmas

* 10 industries that will lose the most jobs over the next decade

* David Leonhardt: If healthcare reform fails, America’s innovation gap will grow

* Morning Call: U.S. futures point higher as all eyes are on the Fed, London rises early, European shares extend gains, the Nikkei hits 7-week closing high and China shares slip.

* Man returns library book due in 1910 (yes, you read that correctly)

* Morgan Stanley: Mobile Internet will be twice the size of desktop Internet

* How Kellogg screwed up the Famous Amos brand, and what Wally Amos is trying to do about it.

* Uplifting news for healthcare-focused VCs: “Big pharma faces a patent cliff in 2012 when around $90 billion in revenue could be lost to generics… Vaccine development is gaining a lot of attention because it has an attractive adjacency to many pharmaceutical companies’ existing R&D, manufacturing capacity, regulatory expertise, and customer base.”

* The House of Reps will consider reinstituting the Glass-Steagall Act

* RockYou explains how a hacker stole 32 million passwords

* Zynga today announced a $180 million fundraise led by Russia’s Digital Sky, but it’s not quite done yet. Eric Eldon reports that the company is allowing employees to sell up to 10% of their vested shares at $19 each, to Institutional Venture Partners.

* Henny Sender: “Distressed debt – defined as a bond trading at less than 50 cents on the dollar – is rapidly disappearing from US financial markets as yield-hungry investors push up the prices for even the most beaten-down securities.”