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.
-
Today's political cartoons - September 7, 2024
Cartoons Saturday's cartoons - football widows, meddling kids, and more
By The Week US Published
-
Smoking ban: the return of the nanny state?
Talking Point Starmer's plan to revive Sunak-era war on tobacco has struck an unsettling chord even with some non-smokers
By The Week UK Published
-
Crossword: September 7, 2024
The Week's daily crossword puzzle
By The Week Staff Published