Vacuums sucked the water out of the seaside inn run by Nick Gaido’s family in Galveston since 1911 as power was still spotty nearly one week after a resurgent Hurricane Beryl swept into Texas. Gaido scheduled cleanup shifts for the hotel and restaurant staff who couldn’t afford to lose shifts to the enduring outages. The July Fourth weekend was supposed to kickstart a lucrative tourism season for this popular getaway’s hospitality industry.
The U.S. central bank has been mulling the idea of a "skinny" version of master accounts for firms that want payments access without the deeper Fed demands....