Population Statistic: Read. React. Repeat.
Tuesday, February 12, 2021

As one of the most conservative investment tools out there, no one expects bank-issued certificates of deposit to dramatically fatten up your bank account. But you’d think they would at least keep up with inflation:

But anyone turning away from market risk could be giving a big wet kiss to purchasing-power risk — the chance that their money grows more slowly than the rate of inflation — and there is little doubt that the majority of people investing in CDs now fall into that category…

Currently, according to Bankrate.com, the average two-year CD nationwide yields 2.5%; the top two-year certificate of deposit available nationally is from InterVest National Bank and has an annual percentage rate of roughly 4.1%, or equal to the pace of inflation.

So while you’re not going to lose any money with CDs (assuming you’re smart enough to stick with an FDIC bank), they’re not going to produce enough to justify the amount of time that they’re tying up your money. Given that a lot of retirees and other groups rely upon regular CD rollovers to keep revenue flowing out of their savings, it makes for a potential disaster.

Personally, I’ve been decidedly underwhelmed while looking at CD offers lately, even before coming across this inflation-ratio measurement. Again, I realized slow-growth low-risk is the purpose, but really, such paltry yields are pretty hard to take for the length of time they require. I don’t have a ton to invest, which makes CDs that much less appealing.

by Costa Tsiokos, Tue 02/12/2021 10:48 PM
Category: Business
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I chanced upon Yahoo! Maps recently after a long while of not looking at the site.

I’m pretty impressed, all over a single feature that Google Maps doesn’t sport: The inclusion of labels for well-defined urban neighborhoods in New York City. As you can see from the screenshot above, the well-known downtown zones are represented: Nolita, Soho, Flatiron District, Kips Bay, Greenwich/West Village, East Village, and Hudson Square. And it’s pretty consistent throughout the rest of the five boroughs.

That might seem minor, but to me, it’s a much-appreciated extra touch. If I’m looking up an address, it’s nice to be able to situate it further by its surroundings.

It looks like Yahoo! provides the same level of detail for other bigger cities, like Seattle.

For all the efforts Google’s put into building its Maps utility with user-generated enhancements and such, I’m surprised they haven’t taken this extra step. I realize there are plenty of other flexibility options on the Google side that probably make it more robust than Yahoo!, but frankly, that doesn’t count for much with me. I’m thinking I’ll be using Yahoo! Maps for my default mapping resource site from here on out.

by Costa Tsiokos, Tue 02/12/2021 08:24 PM
Category: Internet, New Yorkin'
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