Good Day, Bad Day
Switching to PVC, savers
GOOD DAY FOR: Switching to PVC, as the rising price of copper and dropping value of homes has led to a raft of copper-pipe thefts from vacant houses. The gutted houses are hard to sell, gumming up the foreclosure process. Ohio officials say the copper and other metals in the plumbing and wiring of some local houses in foreclosure are worth more than the houses themselves. (Reuters)
BAD DAY FOR: Savers, as banks and other financial institutions are slashing yields on savings accounts, CDs, and money market accounts in the wake of the latest Fed interest cuts. Average yields on CDs have fallen to less than 2.75 percent, from near 4 percent last fall, and savings account rates are broadly down. Some small banks still offer higher yields. (The Wall Street Journal)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Syrian women know how to defeat ISIS
- Will Kobani be ISIS's Waterloo?
- The U.S. Marines are developing laser weapons. Here's why.
- The one thing the New Atheists get right about religion
- 43 TV shows to watch in 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- 10 things you need to know today: October 21, 2014
- Gamergate has backfired spectacularly on its nincompoop perpetrators
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
Subscribe to the Week