peHUB Second Opinion 5.27.10

Treasury auctions: Investors say “meh”
Related: The Fed is planning a massive debasement/monetization according to RBS.
Related: No sooner did we at peHUB call junk bonds a bubble than they continue to crash. Distress levels are rising.

On the bright side: The business of curing cancer is showing some optimistic breakthroughs.

Steve Ballmer: Microsoft sends out a snarky tweet that he will neither be at the Apple Developers Conference nor will he be on Dancing with the Stars.

David Einhorn: The world is ending. Debt is booming. Assets are worthless. It’s the government’s fault.

Altruism: It’s physically good for you. But tell that to the heckler who booed former Quadrangle Group founder Steven Rattner.

When to fire someone, according to the advice of Mahalo CEO Jason Calacanis.

The tax bill:
Time for some schadenfreude or commiseration: other industries affected by the pending legislation.
Related: taxing sales of PE firms is discriminatory, says the Private Equity Council. But they’re not the only ones.

Ken Starr: The Hollywood money manager was accused of a $30 million Ponzi scheme.

Ford Mercury:
RIP after seven decades.

40% of sales of Apple’s cult phone are actually to business users. How do they explain the dropped calls?
Related: The Blackberry Fund is starting a $100 million venture fund along with China Broadband.

Shares of the IPO will be sold in the range of $27 to $29.

Trust and transparency:
Crucial business concepts for success. PricewaterhouseCoopers has some studies about it here.