New $400B City in the American Desert, El Salvador Adopts Bitcoin as Official Currency, Are All Inclusive Resorts Worth It?

news roundup

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News Roundup

This is a roundup of news and other interesting pieces that I’ve come across over the last few days. Read about a guest at a Las Vegas Strip resort winning $1 million on Labor Day, Boeing customer walks away from new MAX order, new $400B city in American desert, El Salvador adopting bitcoin as official currency, and are all-inclusives worth it?

Guest at Las Vegas Strip resort wins $1 million on Labor Day

The Cosmopolitan of Las Vegas announced a guest won $1 million on a video poker machine on Sept. 6. A spokesperson for the resort said it sets the record for the largest non-wide area progressive jackpot ever hit at the resort.

Boeing customer walking away from new MAX order

Ryanair, Boeing’s biggest customer outside of the U.S., said it is walking away from talks with the U.S. jet maker over a potential new order for the 737 MAX in a dispute over pricing.

Ryanair, a Dublin-based discount airline that is Europe’s largest carrier by passengers, has been a big buyer of the 737 MAX, buying 75 of the aircraft last year. That order was seen as a vote of confidence in the future of the jet, despite the grounding.

$400-billion new city in the American desert

Billionaire Marc Lore has outlined his vision for a 5-million-person “new city in America” and appointed a world-famous architect to design it. Now, he just needs somewhere to build it — and $400 billion in funding.

The former Walmart executive last week unveiled plans for Telosa, a sustainable metropolis that he hopes to create, from scratch, in the American desert. The ambitious 150,000-acre proposal promises eco-friendly architecture, sustainable energy production and a purportedly drought-resistant water system. A so-called “15-minute city design” will allow residents to access their workplaces, schools and amenities within a quarter-hour commute of their homes.

El Salvador leads world in adopting bitcoin as official currency

El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, a real-world experiment proponents say will lower commission costs for billions of dollars sent from abroad but which critics warned may fuel money laundering.

The change means businesses should accept payment in bitcoin alongside the U.S. dollar, which has been El Salvador’s official currency since 2001 and will remain legal tender.

President Nayib Bukele, who has pushed for adopting the cryptocurrency, says it will help Salvadorans save about $400 million the government calculates is spent annually on commissions for remittances, while giving access to financial services to the unbanked.

Are All Inclusive Resorts Worth It?

Ryan at Miles to Memories stayed at an all-inclusive resort for the first time and shares his experience on why he won’t do it again. I’m not a big fan of all-inclusives either. Are you?

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