Day December 3, 2007

Chavez learns, be careful what you ask for

[On Saturday, Chavez] urged Venezuelans to see vote as a referendum on him.”It’s black and white — a vote against the reform is a vote against Chavez,” he said in a state television interview. Reading leftie listservs and blogs today…

Facebook’s problems metastasize

We may be seeing a textbook example of how not to run a company, and how, through arrogance and stupidity, a once-promising company cratered. NYT: Facebook’s Zuckerberg lied to us; Coke: ditto Facebook Beacon is unfixable From influential tech blogger…

The proposed ARM rate freeze

The feds are proposing that mortgage brokers freeze rates on adjustable mortgages that are about to reset. Sounds like a politically popular idea, but will it work? And who benefits? The banks may lower some rates or prevent ARM rates…