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)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
5 ways to help the environment while on vacation
The Week Recommends An afternoon of planting trees could be the best part of your trip
By Catherine Garcia, The Week US Published
-
Doctors are taking on dental duties in low-income areas
Under the radar Physicians are biting into the dentistry industry
By Devika Rao, The Week US Published
-
Instagram hopes that blurring nudity in messages will make teens safer
The Explainer The option will be turned on by default for users under 18
By Justin Klawans, The Week US Published