Aurelia Butler

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    High-Yield Savings Accounts Are Still a Good Deal

    Interest rates have been falling, but deposits are earning more than inflation.You’ve probably been discouraged to see the interest rate on your high-yield savings account fall during the past couple of months. But your money is still earning much more than it would in a traditional savings account — and more than inflation.Rates paid on cash in savings accounts have been dropping since the Federal Reserve began cutting its key interest rate in September as inflation cooled. The central bank cut rates again, by a quarter point, at its meeting this month, and another cut in December is seen as likely, though not certain because of a recent uptick in inflation.Banks are following the Fed’s lead in gradually reducing interest rates. Even so, the rates paid on federally insured high-yield savings accounts, many offered by banks that operate solely or mostly online, are still beating inflation, which was 2.6 percent on an annual basis in October.“High-yield savings accounts are still attractive relative to traditional savings accounts,” particularly for emergency or “rainy day” funds that savers want to be able to tap into quickly, said Alan Bazaar, chief executive and co-chief investment officer at Hollow Brook Wealth Management in Katonah, N.Y.Online banks were offering rates of 4 percent or higher this week, compared with a national average rate of just 0.56 percent for all types of savings accounts, according to the financial site Bankrate. If you put $5,000 in a savings account for a year at the average rate, you’d earn just $28, compared with about $200 with a high-yield account. (At some of the biggest national banks, which are offering just 0.01 percent, you’d end up with a measly 50 cents.)Just a few years ago, savers were getting 1 percent on their deposits at best, so 4 percent is nothing to scoff at, said Ted Rossman, a senior industry analyst at Bankrate. High-yield accounts can also be attractive for funds needed in the not-so-distant future — say, for a child heading to college or for retirees looking to set aside cash for living expenses.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The New York Times Presents: ‘Weight of the World’ on Ozempic’s Rise

    ‘Weight of the World’Producer/Director Esther Dere and Nicole RittenmeyerCo-Producer Leah VarjacquesProducer/Reporter Dani BlumProducer Rachel AbramsWatch our new documentary on FX and Hulu starting Friday, Nov. 22, at 10 p.m. Eastern.The ascent of GLP-1 medications, such as Ozempic, has brought about a transformation within the weight-loss industry and beyond, reshaping societal views on health and body image. Originally developed to manage diabetes, these drugs have become associated with rapid weight reduction, capturing public interest thanks to rumored endorsements from high-profile figures like Oprah Winfrey and Elon Musk.“Weight of the World” dives into this pivotal moment, following the journeys of three individuals as they navigate the complexities of using GLP-1 medications. The film examines their experiences against the backdrop of over 40 years of diet culture in America, prompting an inquiry into whether these medications represent a groundbreaking shift or merely another chapter in the long and complicated narrative of weight loss.Through expert commentary from medical professionals, dietitians and cultural critics, the film looks at this evolving landscape, and it investigates the societal obsession with thinness and the implications of these new pharmaceutical interventions, raising questions about body image, health and the ongoing struggle against obesity.Left Right Productions/The New York Times/Hulu Originals/FX Networks”GLP-1s are a blockbuster because they promise to solve a social problem without changing anything else.”Tressie McMillan Cottom, Times Opinion columnistLeft Right Productions/The New York Times/Hulu Originals/FX Networks“Thinking about weight is probably the No. 1 item that’s on my mind most of the time. Like, I’m always comparing myself to everyone around me.”Jeffrey Luxmore, a subject featured in the filmSupervising Producer Liz HodesDirector Of Photography Victor Tadashi SuarezVideo Editor Geoff O’Brien“The New York Times Presents” is a series of documentaries representing the unparalleled journalism and insight of The New York Times, bringing viewers close to the essential stories of our time. More

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    Yelloh, Formerly Schwan’s Home Delivery, Closes

    Yelloh, the frozen food delivery service formerly called Schwan’s Home Delivery, which had once been known for its reach with rural Americans and its direct-to-consumer business model, is closing its doors on Friday after decades of decline.Minnesota-based Yelloh was born on March 18, 1952 when its founder, Marvin Schwan, delivered 14 gallons of ice cream. The service’s popularity exploded over the years and later foods frozen at their peak made it onto the menu. At its peak, the company delivered meals and ice cream across 48 states, but critics and experts said the company became frozen in time, ceding ground to competitors and modernity.The Schwan’s name lives on in frozen foods (Red Baron, Freschetta, and Mrs. Smith’s are among their many brands) — that side of the business was sold to CJ CheilJedan, a South Korean company, in 2019. But on Nov. 8, Yelloh permanently parked its fleet of refrigerated trucks that, with their yellow décor, were once instantly recognizable in small towns across America. Friday’s closure means that about 1,100 people across 13 states will be out of a job.In a statement, the company said it made its decision because of “multiple insurmountable business challenges,” including “economic and market forces, as well as changing consumer lifestyles.”Michael Ziebell, a Yelloh board member who spent 22 years with the company and previously held leadership roles, said the shuttering was devastating, calling it a very hard and very emotional decision.But, he said, it was not sudden.In an interview with The New York Times, Mr. Ziebell said demographic and market issues began plaguing the company in the late 1980s and early ’90s; with fewer people home as drivers came, the relationships between drivers and customers that had been built over decades began to diminish. Then came membership stores like Costco, which could compete on frozen food price and quality, and on top of that regulatory changes added restrictions to their truck operations. It was “the perfect storm,” he said.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    What Bondi Might Do as Attorney General

    Donald Trump’s new pick to lead the Justice Department fought to overturn the Affordable Care Act, and has lobbied for Amazon, Uber and General Motors.Pam Bondi in 2020. She is seen as a Donald Trump loyalist who may lead a shake-up of the Justice Department.Pete Marovich for The New York TimesNew face, same goals?Heads in Washington are still spinning after Donald Trump named Pam Bondi as his choice for attorney general, just hours following Matt Gaetz’s withdrawal from consideration.Bondi, a former Florida attorney general and close ally of the president-elect, would most likely share his and Gaetz’s goal of shaking up the Justice Department. But the switcheroo also raises questions about how willing Republicans might be to push back against the more divisive elements of the Trump agenda.What to know: As Florida’s attorney general, Bondi participated in efforts to overturn the Affordable Care Act and the legalization of marijuana, as well as a multi-state lawsuit against Purdue Pharma, the maker of OxyContin.Since leaving office in 2019, she has worked for the powerful Republican lobbyist Brian Ballard — where her clients included General Motors (labor and tax policy), Amazon (cloud computing and trade) and Uber (the gig economy) — and a separate right-wing think tank that’s close to the Trump transition team.But while she is a favorite of Trump’s, it’s unclear whether she had been on a vetting list for an administration role. The Times reports that she interviewed for the position only on Thursday.It’s also uncertain how Bondi would steer the Justice Department. She is a longtime loyalist who served on the legal team that fought his first impeachment and publicly criticized the prosecutors and judge in his Manhattan criminal trial. “For too long, the partisan Department of Justice has been weaponized against me and other Republicans — Not anymore,” Trump wrote in announcing her selection.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Merkel Memoir Recalls What It Was Like Dealing With Trump and Putin

    The new book by former Chancellor Angela Merkel of Germany also aims to justify decisions she made that are still affecting her country and the rest of Europe.Shortly after Donald J. Trump’s 2017 inauguration, Angela Merkel, who was then Germany’s chancellor, visited Washington. As the world looked on, the two leaders sat in front of an unlit fireplace, awkwardly and silently waiting for the photographers to do their work.After hearing the photographers demand “handshake, handshake,” an urging that Mr. Trump ignored, Ms. Merkel tried herself, she relates in a new memoir. “They want to have a handshake,” she said in a hushed tone audible to the press corps just feet away.“As soon as I said that, I shook my head mentally at myself,” Ms. Merkel wrote, according to excerpts from the memoir released this week in Die Zeit, the German weekly. “How could I forget that Trump knew exactly what effect he wanted to achieve?” she added.Long-anticipated in Germany, the book, “Freedom: Memoirs 1954-2021,” promises the inside story of the taciturn woman many saw as the defender of a global liberal order. When the world was shocked by Britain’s vote to leave the European Union, the first election of Mr. Trump and Russia’s annexation of Crimea, Ms. Merkel exuded a kind of patient, cerebral calm that was widely seen as the bastion of an old, more predictable world order.Since she stepped down in 2021, things have changed drastically. Russia invaded Ukraine, prompting Germany to wean itself off cheap Russian gas. Absorbing both the lack of cheap energy and a reduction of the Chinese export market, the German economy has stagnated. The country’s bridges, roads and railways, long neglected, are falling apart. And Ms. Merkel’s welcoming migration policy has led to a surge in the far right.All of which has led to widespread unhappiness and a rethinking of Ms. Merkel’s legacy.Ms. Merkel’s book, which is also being published in an English translation and hits bookstores on Tuesday, is expected to be more than just a fascinating first-person view from the seat of a great European power. It is also a justification for decisions she made that helped lead Germany and the rest of Europe to a perilous place.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Russia Supplies Antiaircraft Missiles to North Korea, the South Says

    Pyongyang has long coveted an advanced air-defense system to guard against missiles and war planes from the United States and South Korea.Russia has supplied North Korea with antiaircraft missiles in return for the deployment of its troops ​to fight in Russia’s war against Ukraine, South Korea’s national security adviser said on Friday.​In recent weeks, North Korea has sent an estimated 1​1,000 troops, some of whom have joined Russian forces in their fight to retake territories occupied by Ukraine in Russia’s Kursk region, according to South Korean and United States officials. It has also sent close to 20,000 shipping containers of weapons to Russia since the summer of 2023, including artillery guns and shells, short-range ballistic missiles and multiple-rocket launchers, South Korean officials have said.In return, North Korea has been widely expected to seek Russian help in modernizing its conventional armed forces and advancing its nuclear​ weapons program and missiles. One of the ​biggest weaknesses of the North Korean military ​has been its poor​, outdated air defense system, while the United States and its allies in South Korea and Japan run fleets of high-tech war planes, ​including F-35 stealth fighter jets.“We understand that Russia has provided related equipment and anti-air missiles to shore up the poor air defense for Pyongyang,” the North Korean capital, ​South Korea’s national security adviser​, Shin Won-shik, ​said in an interview with SBS-TV on Friday.The cooperation between Pyongyang and Moscow came as Kim Jong-un, the leader of North Korea, continued to stoke confrontational rhetoric against the United States and South Korea. In a speech at a military exhibition on Thursday that was reported by state media, Mr. Kim warned that the Korean Peninsula has never faced such risks of nuclear war as now, blaming the tensions on Washington’s “aggressive and hostile” policy.Mr. Shin said Russia was also supplying other military technology to North Korea, including help to improve North Korea’s satellite-launch programs.​ After two failed attempts, North Korea placed its first spy satellite into or​bit last November​, triggering speculation that Russia was behind the success. But in May, a North Korean rocket carrying another military reconnaissance satellite into orbit exploded midair shortly after takeoff.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Fin Whale Carcass Washes Ashore in Anchorage, Alaska

    Crowds in Anchorage have braved freezing temperatures and slippery ice to see the hulking carcass of a rare fin whale, which washed ashore a few miles from downtown.Sue Heverling wrapped herself in a winter coat, clutched a pair of hiking poles and set out across a frozen mud flat near Anchorage, braving five-degree temperatures and treacherous ice to see the Alaskan city’s newest, and largest, spectacle.She took her first tentative steps on the ice, slipped and fell, then got up and pushed on. As she drew closer, what had appeared modest from a distance now loomed before her.“That is big,” Ms. Heverling, 62, recalled saying to herself.The object of her fascination was the carcass of a 47-foot-long fin whale, which has drawn crowds in Anchorage for days.The young female member of the second largest mammal species had probably washed ashore on the high tide on Saturday, according to Barbara Mahoney, a biologist at the National Oceanic and Atmospheric Administration who examined the carcass.Fin whales, considered endangered, regularly swim in the Gulf of Alaska and the Bering Strait. Every so often, minke whales, gray whales and humpbacks wash ashore in Alaska. But it’s unusual for a fin whale to be found on a beach so close to Alaska’s biggest city, Ms. Mahoney said.So people are captivated. A nearby public trail, the Tony Knowles Coastal Trail, is usually busy with joggers, bikers and cross-country skiers. This week, hundreds of pairs of eyes turned toward the mud flat and the dark-gray mound the size of a school bus. Residents have posted pictures of the mountain of flesh on social media, where it has inevitably spawned memes.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump’s Next Online Speech Cop + Doctors vs. ChatGPT + Hard Fork Crimes Division

    Listen to and follow ‘Hard Fork’Apple | Spotify | Amazon | YouTube | iHeartRadioKevin Roose and Rachel Cohn and Dan PowellMarion LozanoDiane Wong and This week, President-elect Donald Trump picked Brendan Carr to be the next chairman of the F.C.C. We talk with The Verge’s editor in chief, Nilay Patel, about what this could mean for the future of the internet, and for free speech at large. Then, a new study found that ChatGPT defeated doctors at diagnosing some diseases. One of the study’s authors, Dr. Adam Rodman, joins us to discuss the future of medicine. And finally, court is back in session. It’s time for the Hard Fork Crimes Division.Guests:Nilay Patel, co-founder of The Verge and host of the podcasts Decoder and The VergecastAdam Rodman, internal medicine physician at Beth Israel Deaconess Medical Center and one of the co-authors of a recent study testing the effectiveness of ChatGPT to diagnose illnesses.Additional Reading:Trump Picks Brendan Carr to Lead F.C.C.A.I. Chatbots Defeated Doctors at Diagnosing IllnessGary Wang, a Top FTX Executive, Is Given No Prison TimePhoto Illustration by The New York Times; Photo: Pool photo by Brandon BellOne more thing: We want to learn more about you, our listeners. Please fill out our quick survey: nytimes.com/hardforksurvey.Credits“Hard Fork” is hosted by More