Good Day, Bad Day
British Prius owners, spreading the savings
GOOD DAY FOR: British Prius owners, after London said it will start charging a $50-a-day carbon emissions fee in October for SUVs and other gas-guzzlers that drive in the city. For the past five years, London has levied a “congestion charge,” now set at $16 dollars a day, on private cars to reduce city traffic. Fuel-efficient cars will no longer have to pay the congestion fee. (Los Angeles Times, free registration)
BAD DAY FOR: Spreading the savings, as Capital One recently changed several of its variable-rate credit cards to fixed-rate cards, meaning new cardholders won’t see any benefit from falling interest rates. Banks prefer variable rates when interest rates are rising. “If rates continue to fall, we’re going to see more banks convert to fixed rates,” said Curtis Arnold of CardRatings-dot-com. (The Wall Street Journal)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- After Ferguson: Stop deferring to the cops
- 43 TV shows to watch in 2014
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- Ferguson riots were terrible — but this racist reaction was worse
- Is it now OK to have sex with animals?
- Don't argue about politics this Thanksgiving. Just don't.
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- Hey, scolds: Stop telling us to enjoy a healthy Thanksgiving
- The slippery slope of Twitter's attempts to stop harassment against women
Subscribe to the Week