Macau Closes Casinos Most Businesses As Covid Outbreak Worsens

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Not only is it destabilizing, the Fed's report appears to throw shade on the idea that the Fed currently has the authority to create such accounts. Moreover, the Fed could be signaling that it's wary about expanding its current role to these proportions.

CBDCs could help unbanked households As of 2020, 5% of US adults, or roughly 16 million individuals, were unbanked, meaning they rely on nonbank products and services for cash, according to the Federal Reserve's 2020 Survey of Household Economics and Decisionmaking. Underbanked rates were higher among Black and Hispanic adults and those from historically excluded and low income groups. For those who have bank accounts, it's already possible to set up direct deposit with the government for federal money like tax refunds or stimulus payments. With a CBDC, the Federal Reserve could make such funds instantly available by depositing them into a digital wallet, regardless of whether the person had a bank account. 

More than 20,000 people are in mandatory quarantine as the government adheres to China's zero-COVID policy, which aims to stamp out all outbreaks, running counter to a global trend of trying to coexist with the virus.

Instead of adopting its own digital coin or CBDC, El Salvador made bitcoin legal tender last year, meaning the established cryptocurrency must be accepted as a form of payment throughout the country. Soon after, Panama followed in El Salvador's footsteps and unveiled a similar plan to make bitcoin legal tender.
Michelob Ultra goes bowling Instead of the Super Bowl, this Michelob Ultra ad heads to Superior Bowl, a bowling alley where plenty of stars, including Peyton Manning, Steve Buscemi and Serena Williams, are getting their bowl on.

Avocados from Mexico: Andy Richter as Caesar Avocados from Mexico always offers up witty ads. In this one, ancient Romans tailgate for a Super Bowl of sorts, with Andy Richter as Caesar, dreaming of the day when he's best known for his salad.

If the US government monitors everything you buy -- from milk at your local store to poker chips during your next casino trip -- there's potential for abuse. "All sorts of profiling could emerge out of that, and hackers might deem that database to be quite valuable, too," Peebles said. "So you could picture predatory marketing to the elderly, for example, if the data got out."

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HONG KONG, July 16 (Reuters) - Macau's government will extend a lockdown of casinos and other businesses until Friday, as authorities grapple to stop the spread of COVID-19 in the world's biggest gambling hub, according a statement on its website.

Macau imposed the shutdown last Monday, shuttering the city's economic engine - its casinos - and forbidding residents from leaving their apartments, except for essential activities such as grocery shopping.

ation. The only city in China where casino gambling is permitted, Macau has seen its vital tourism revenues wiped out by some of the world's harshest measures to tackle the virus -- including tough border controls, weeks-long quarantines and targeted

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