Thursday, May 3, 2012
Daily Headlines: May 3, 2012
* Mexico: Mexican expats sent $5.37 billion in remittances to their home country in the first quarter of 2012, which represents a 5.3% increase compared to the first three months of 2011.
* Bolivia: A U.S. State Department spokesman said that the Bolivian government’s takeover of the main power grid could “really dampen the investment climate in Bolivia.”
* Guatemala: Officials declared a state of siege in the northwestern province of Huehuetenango after two hundred armed people briefly took over an army outpost.
* Nicaragua: President Daniel Ortega called for three days of national mourning after the death of former Sandinista figure Tomas Borge.
Image Source – YouTube via teleSUR (Remittances are a major source of dollar inflows into Mexico and most of the money transfers are sent from the U.S.)
Online Sources- LAHT, AFP, Boston.com, Los Angeles Times