Why Mexico Doesn't want to keep Mexicans at home.

[wordsmythe]

Oct. 19, 2006, 1:45PM
RAPID GROWTH
Cash flow from Texas leaps as Latin American immigrants share their earnings with those back home
More money is on the move


By JENALIA MORENO
Copyright 2006 Houston Chronicle

From a southwest Houston money-wiring agency, restaurant cashier Juan Torres sent $100 to his mother in Tampico, Mexico, on Tuesday, contributing to the increasing cash flow to Latin America.

Torres is one of the 2.8 million Latin American immigrants in Texas who will send $5.2 billion back home to relatives this year, according to a state-by-state breakdown released Wednesday by the Inter-American Development Bank's Multilateral Investment Fund.

Remittances from Texas will soar by 64 percent this year compared with 2004, surpassing the national increase of 51 percent, the study found.

The Washington-based organization that promotes development in Latin America and the Caribbean estimates that the 12.6 million immigrants living in the United States will send $45.3 billion to relatives living across Latin America this year, from the border towns in Mexico to the tip of Argentina.

These cash flows have captured the attention of U.S. and international businesses in the last few years. Banks across the country are trying to tap into that market by offering money-wiring services. And in cities with large immigrant communities like Houston, furniture, cement and real estate companies offer immigrants here the chance to pay for sofas, construction materials and new homes in Mexico and Central Americ


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Texas' Hispanic immigrants send billions home

[jeezeweeze]

I think I posted on DB ...several months ago in re/ to my bank...bank of AMERICA.... when you call 1-800-432-1000 and you listen to the choices ....if you keep choosing other options...you will finely get to " SEND MONEY TO MEXICO...I sent that info to CNN ...and a strong condemnation to BOA... gonna send another one to BOLA........ BANK OF LATIN AMERICA...I do like the bank for its internet services and its a pain in the keester to change...and I think all of them have that service now...dammit..


Just more proof that CORP AMERICA is selling this country to WHOMEVER for the almighty bottom line....and they have the full support of WHOMEVER IS IN POWER.... This has got to be stopped..... dont know who can..... cept VOTERS...we have been asleep at the wheel ourselves... but thinking the cruise control was working and the engine was strong and faithfully doing its job...We now find ourselves at the bottom of the GRAND CANYON ...and will have to crawl out on our own....because no help will arrive to pull us out of anything ....


AMERICANS ARE FINELY HEARING THE TRUTH...AND CANNOT BELIEVE WHAT THEY ARE HEARING ..... AND WE ARE PISSED...
WE ARE GETTING F'D IN THE ARSE... AND WE HAVE TO BRING OUR OWN VASOLINE......

[TexKan]

we get but fuched so much by other country's and our own we ought to be used to the neaderthal postion our stupidity has put us in. Course watchin how much our voice is worth just tells me we woulda been in this position no matter who was drivin the shaft!