Las Vegas Is Flooded As Thunderstorms Trigger Rainfall INSIDE Casinos
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"Currencies throughout history can either be issued by the public or by private entities, and what crypto has shown us or has delivered is a reignition of an age-old fight between private and public currency issuance," said Peebles. "Central bankers suddenly got blindsided; and so, a central bank digital currency is central bankers trying to hold on to their monopoly over currency issuance in the face of erosion of that monopoly."
The National Weather Service for Las Vegas issued a flash flood warning on Thursday evening and a flood advisory warning until 12.15am on Friday. The rain is expected to continue throughout the weekend, forecasters said
Henderson, who had been inside Caesar's Palace when the rain began pouring through the ceiling, said desperate staff cordoned off a flooded area 'with makeshift barrier of soaking wet slot machine chairs'.
Clyburn's brother and a spokesperson for Michael Haley both said the men provided services for the South Carolina-based Catawba Indian Nation's casino in Kings Mountain, North Carolina, the newspaper reported.
US digital wallets could upend commercial banking Digital wallets issued by the Fed, though, would be a destabilizing form of CBDC. "It really messes with the general pyramidal structure of central banking as a concept, which has always been that central banks are not bankers to average citizens," according to Peebles. As a rule, central bankers oversee the banking system, whereas private banks interact with the consumer.
While the rain is welcome in a region gripped by drought, it creates headaches for neighborhoods where wildfires have stripped the land of vegetation, which normally slows and partially absorbs floodwaters.
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The Catawbas spent decades trying to work around the law and after years of resistance from South Carolina lawmakers, switched their efforts in 2013 to opening in North Carolina, where they said their ancestors held land before Europeans came to North America.
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Privacy concerns over CBDCs The primary concern over a government-issued digital dollar centers on privacy, particularly when it comes to the issuance of Federal Reserve accounts. The US government could track all citizens' purchases through an e-wallet, giving the Fed an account of everything we do and eliminating space for unsurveilled monetary exchange, according to Peebles.
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Outler said: 'There are daily chances. Right now the rain has tapered off across the valley but just about every day, especially in the afternoon and evening hours, we have about 30% chances for Las Vegas.'
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This comes as the US has been hit with tumultuous weather fronts this summer - including scorching, deadly 100F temperatures in some areas, while other places have been wiped out by intense flash flooding.
One shocked witness, Sean Sable, shared footage from inside Planet Hollywood, and tweeted: 'You're not going to believe this, but I'm not sure if it's raining more inside Planet Hollywood or outside.'
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The money would essentially be in an account you'd have with the Federal Reserve or some entity such as a private bank that the Federal Reserve partners with. When you paid for something, the Federal Reserve would take money from your digital wallet and deposit it directly into the other party's digital wallet, bypassing the complex web of networks currently involved in electronic payments. As a plus, this would remove fees generally associated with such payments.
